White House Economic Recovery Task Force member Stephen Moore and Fox News contributor Robert Wolf weigh in.
This is an unofficial transcript meant for reference. Accuracy is not guaranteed.
Budget by one hundred and fifty dollars million
Steve,
Steve Brian, thank you.
The stock market set too Rep one
hour from now following
yesterdays record high, ending
the shortest bear market in Wall
Street history. After the
pandemic struck
this as Bill Clinton addressed
Dnc touting Joe Bidens economic
genius watch.
He can do it again.
Joe Biden wants to build an
economy, far better suited to our
changing world
better for young people better
for families working and raising
their kids better because of a
living wage and access to
affordable, higher education and
health care.
Steve here to discuss bidens
potential impact on the economy,
as you can see right there Fox
news, contributor, Robert Wolf
screen left and on the right
member of the Trump White House
Economic Recovery Task Force, Stephen Moore,
Stephen Moore
Good Morning to both of you,
Stephen youre. First, this time
Joe Biden has helped us bring
back from recession, and he can
do it again.
We are right at the edge of
records again.
This was something that the
Democrats were going to. Let
Trump have it over
right now, its not doing so bad
unemployment is terrible, but
nonetheless the economy seems to
be doing. Okay,
Stephen well, the economy is
coming back no question.
This is a recovery. Now, for three
months,
its been pretty good
nine point: two million jobs have come back
now. Of course, we lost
twenty million jobs during the
height of the pandemic, so
theres still a lot of work to
be done.
I think, quite frankly, Steve
the real debate now that we are
seeing signs of recovery. Do
people think that Joe Biden or
Donald Trump have the better
formula for rebuilding this
economy? You know its so
interesting listening to Bill
Clinton, because the economy did
great under Bill Clinton.
Democratic president. The
problem is that the democratic
priority over the last twenty years
has moved so far to the left,
from where the kind of Bill
Clinton Moderates were. I think
voters really have to worry
about the kind of left wing tax
and spending regulated agenda.
Steve Robert Stephen has a
great question:
what is Joe Bidens formula to
rebuild the economy?
Yeah? I want to unpack bunch
of what Stephen said.
The president called Super
V shaped recovery.
We lost twelve million jobs,
twelve million have not come back.
Sixty percent thats still a majority.
Five million people have left the
workforce. Our participation in
the labor force is like sixty one percent,
its horrific, and when we talk
about first of all, we know
that the stock market and
employment is not correlated.
Otherwise, you should be telling
Bill Clinton and Obama.
Obama had return of one hundred and eighty percent, which
is much better where we are than
the Trump administration on the
stock market, and you have to
look at the return and thats
how you look at the markets
based on return and its not
correlated
by the way. I am in the market,
and I want it to go up.
We have to look at unemployment
and right now we are in a
recession. Yes, who has brought
us out of the Bush recession,
who brought us out of the other
Bush recession. Both of those
have been Democrats Clinton
with Bush forty one Obama with Bush, forty three
and yes, I believe Biden- will
take us out of the Trump
recession
Steve all right, Robert. I
asked you what the formula was
and didnt answer you.
I can answer you
Steve. I gave you a chance
too bad next time.
Obviously you were trying to
dodge that.
No, I wasnt trying to dodge
anything
Steve go ahead. Whats his
formula to get us out of this
bring back manufacturing
right, which we lost jobs in
manufacturing. Lets make sure
we have, in our opinion, education,
six out of ten jobs, actually
right skills and right training.
We have a whole plan that we can
talk about that ive talked
about three times now. Steve keeps
talking about the payroll tax.
I think we should go back and
look at the video tape and
talking about the Biden economy,
Steve all right, Stephen. You
were shaking your head no during
that, but the economy was doing
great until the pandemic, so how
much of where we are today is
because of Donald trumps
economic plan and how much
dependent upon the pandemic,
which is Nobodys Fault
Stephen, so lets go back.
It was a decent economy, but only
one of three Americans during
Obama presidency rated the
economy great.
We saw more progress for black
Americans, Hispanic Americans
for Asian Americans and women in
three years than eight years under
Obama.
Its a pretty powerful
expansion
here is the issue. People should
look at Joe Bidens Economic
Program,
ive read through it. Robert
and youve got massive tax
increase and massive government
spending and decapitate oil and
gas industries, which is one of
our major industries n the next
fifteen years. Woe would have no oil
and gas plan.
I just dont see anything thats
Progrowth in the program
Steve all right. We will give
Robert 15 second rebuttal,
not accurate
its energy plan. Okay, as you
know,
number two we are talking about
taxing those who make over
four hundred thousand and trickle down.
Economics has actually brought
us into the recession and, lastly,
whites and Minorityies Steve.
Transcript generated on 2020-08-19.