Fox Business Network host Charles Payne offers insight on the president's efforts to slash economic restrictions on U.S. families and businesses.
This is an unofficial transcript meant for reference. Accuracy is not guaranteed.
We will have removed gigantic,
we will have removed gigantic
regulatory burden. Americans have
been forced to carry for
decades reach our highest
potential.
The historic regulatory relief
is providing the average
american household an extra
three thousand one hundred dollars every single year.
Brian president, Trump touting
administrations, ongoing effort
to slash restrictions on
american families and small
businesses.
So how does this take the
strain off your wallet
joining us now to break it
down host of making money?
Charles Payne,
Charles Good, to see you
good morning
yeah!
I have got to tell you
its almost common sense, if you
think about it, the more hurdles
that you layer on a society, the
more difficult its going to be
to achieve success
and the most important thing
about these regulations that
everyone watching should know is
that they hurt lower income
households more than anyone
else,
particularly if you dont want
to be a lower income household
or if you want to start a
business,
you have got to hire more
lawyers
more architect, more
accountants.
Have you got to pay more fees,
its just absolutely ridiculous,
and then job creation
in the 1950s one? In twenty jobs
required a lance
now its almost one out of two,
so just think about that.
Do you need a license to be a
funeral attendant?
Should you need a license to a
polster, reup, holster, reapolog
or sofa?
There has been a lot of work
done by the way. Folks,
one report- I read that showed
that overall, the cost is
two dollars trillion or more.
If the regulations had held
where they were in one thousand nine hundred and eighty, it
would equal an extra thirteen thousand dollars per
household in this country
yeah.
We want smart regulations, but
whats happened is these are
just guides for governments to
fill their coffers and does
nothing, but let the rich get
richer.
Thats ironic, because the
plifertions who pitch this are
usually telling us a different
story.
Steve Charles the FED, has
received a lot of criticism from
the president, but one of the
things they have been quietly
doing is they have been putting
a gusher of money into the
economy liquid at this,
its resulted in historic, low thirty
year, fixed rate mortgage.
Its two point: ninety eight percent-
if you are thinking about
refinancing Now- is the time to
do it because less interest, you
pay the more money you keep in
your pocket that you can spend
some place else.
No doubt about that.
In fact, the most recent refi
numbers were up over one hundred percent
year over year.
Also, what if you are thinking
about buying a home and by the
way a lot of people are, there is
a mass exodus out of these large
cities into suburbia and in our
area in the New York area, its
really significant,
even Connecticut, seeing a wave
of people move there out of New
York City.
Imagine if you want to start a
household, the old american
dream. The single family house,
with the white picket fence, is
much more attainable with
mortgage rates at these levels
and people are taking advantage
of it.
Yesterday we had the National
Association of Home numberses. It
has rocketed back
its remarkable how quickly its
come back.
People want to own their own
home, and now they can do it a
lot easier than they could
months ago.
Brian, a lot of them are fixing
up their home too,
sadly, furloughed or laid off, and
they are focusing on their own
dwelling and putting more money
into the economy. Retail sales
are up seven point: five percent
Charles Watch, you at 200 and
throughout the day. Okay,
all right.
If anxiously was here, I would
give her a shoutout for calling
clothing up over one hundred percent
last month.
She called it
Brian. She did.
I will make sure to play this
back for her on her vcr, when she.
Transcript generated on 2020-07-21.