Transcripts For FOXNEWSW The Journal Editorial Report 20210102

Sure that were the firewall to stopping the radical agenda of Chuck Schumer. He wants to fundamentally change this country. Thats why im crisscrossing the state, why davids out every single day. We need georgians to turn out and vote. Paul lets bring in our panel, wall street journal columnist and deputy Editorial Page Editor Dan Henninger and columnist kim strassel, bill mcgurn and Mary Anastasia ogrady. Ing so, kim, the republicans running as a check on a biden presidency and Chuck Schumer senate, but what in particular are they running on . What issues . Well, that is a lot of it, and you hear them talking about what could happen under a biden presidency, a pelosi house and a Schumer Senate in terms of taxes, in terms of deregulation, in terms of the federal courts. You also see them talking a lot and trying to tie this socialist agenda into local georgia issues. In particular things like the defund the police movement, safety on the streets. The that had its way, antifa and riots and just suggesting that things like that would get worse in georgia under full democratic control in washington. Paul dan, what about a positive agenda . Doesnt sound like theres a lot of well get this, that and the other thing done. I guess with a biden presidency, are moneys cant hope to get republicans cant hope to get too much done. No, there really isnt. This is basically a negative campaign. Theyre running against one another. And, you know, keep in mind here, paul, there are no real superstar Senate Candidates. Theyre going to be reliable votes for east party, and either party, and all four candidates are essentially running as tickets, theyre not running as individuals. So i dont think were going to see ticket splitting here. The goal is simply to provide clarity about why you dont want to vote for the democrats or why you want to vote against the republicans, and that is the message that theyre trying to put across right here. Then the danger, i guess, is that if the president comes down there and starts talking about himself, it will sow confusion among some of these voters. Paul all right, mary, what about the democrats . I guess their argument is get rid of Mitch Mcconnell and let biden govern. Anything in particular theyre talking up . Well, you know, both sides are talking about getting out the vote. Thats really important. And so the democrats, the black vote in georgia is very important. Their bloc are largely democrats, but they need them to turn out. Kamala harris went to georgia at one point and promised more federal funding for blackowned enterprises, so theyre really targeting the black electorate in georgia. Paul bill, what about the role that donald trump dan referred to it, but his charges that the president ial race was stolen. What implication does that have . We dont know yet, whether that will alienate republicans. I think this is Donald Trumps i win one for the gipper moment. Hes endorsed these candidates, theyve both endorsed President Trump and support his policies, and he has go down there and rally the troops to get out the vote. If he does, theres no two ways about it, if he he loses meaning if the republicans lose in georgia hes going to be blaumed. If he blamed. If he wins, he at least has a more positive note. I do think if donald trump emphasizes the two Senate Candidates and says we need you to go out and vote for em, i think they will follow. But its a big with question. And they have some disadvantages. You know, jon ossoff ran 100,000 votes short of joe biden there. So its not about biden. Biden has no coattails in this. Its kind of coming down to trump and how enthusiastic he will be and how resentive his supporters receptive his supporters will be to his message to go out and vote for these other republicans. Paul kim, the other issue is this issue of the 2,000 stimulus check. 600 is what passed. What the president s negotiators agreed to in the senate and house bill. Then the president , after the fact, said, oh, i want it to be 2,000. Senate democrats jumped on that, passed a bill in the house to make that happen. And how big an issue how big a problem is that for loeffler and perdue . The. Well, you know, it was an unnecessary late problem because this was supposed to get done, this package, the checks were supposed to be headed out, and then suddenly, boom, this got dropped into it. And what its done has given the Senate Democratic candidates in georgia this brand new issue with which to beat their competitors and basically saying, you know, we democrats, we care more. And it put republicans in a very awkward spot in that some like the idea of bigger checks, others are very concerned about out of control spending. Paul and, dan, the early returns are that democratic turnout has been high in their areas. Theyve done about 80 or so by one reckoning of the turnout that they had early in the november election. Republicans only about twothirds. So thats going to put to us in on them to really do is the onus on them to do really, really well on election day once again. Yeah. And it puts the onus on donald trump at that rally to turn them out to vote in this election. I do think theres some concern among democrats that blacks in rural areas may not be as animated. And make no mistake, donald trump is there, but hes not on the ballot the way he was during the presidency. A lot of democrats voted in november against donald trump. This is about Senate Candidates, and i think maybe at the end of the day that could cost the democrats some votes in this election. Paul all right. Thank you all. Big stakes. When we come back, from the death of the filibuster to trillions of dollars in new taxes, the policy stakes in tuesdays georgia runoffs could not be higher. Our panel takes a closer look at whats in store if democrats do take control of the senate. Ok, just keep coloring there. And sweetie can you just be. Gentle with the pens. Okey. Okey. I know. Gentle. Gentle new projects means new project managers. You need to hire. I need indeed. Indeed you do. The moment you sponsor a job on indeed you get a short list of quality candidates from our resume database so you can start hiring right away. Claim your seventy five dollar credit, when you post your first job at indeed. Com home. Just order on the subway app and its ready to go with contactless curbside. Turkey sub in a hot tub now get 15 off any footlong when you order in the app. Muck you just have to listen to Chuck Schumer. Take georgia, change america. What he means by that is he wants to change the filibuster rule, add two states, two democratic states, he wants to stack the Supreme Court and eventually change the way the Electoral College operates. That would allow them to perpetrate the agenda thats been the democratic platform that was displayed during the president ial election. Paul the policy stakes could not be higher as georgia voters head to the polls on tuesday. That was republican senator david perdue on fox earlier this week warning what a democratic majority in the senate would mean. Were back with our panel, Dan Henninger, kim strassel, bill mcgurn and Mary Anastasia ogrady. Dan, lets get specific here. What can the democrats do, what are they likely to do with 50 votes and control versus 48 or 49 . Well, i think the, paul, the most likely thing that theyre going to do is move on the tax front. Some of these oh things like the other things like the Electoral College and packing the court or term limits for justices require a constitutional amendment. But on the tax front, theyve got a lot of ammunition if they take the senate. Bernie sanders would become chairman of the budget committee, ron wyden would be head of finance, scherr odd brown of banking, Bernie Sanders, budget committee. And so they have a lot of ability to manipulate legislation to raise taxes on marginal rates, capital gains, the corporate rate. They want to push that up. And i think theyre going to spend a lot of money, we know that. They need that tax revenue, and i think thats the front as you can see them moving on right away rather than some of these other wish list items. Paul yeah. Bill, you dont need to have 60 votes under even current rules in the senate to be able to pass a tax increase or a budget bill. They can do that with 50 and Kamala Harris vote, so that seems to be a foregone conclusion if they take it back. What else could they do legislatively with 50 votes . Well, legislatively they could put through most of the blue agenda especially since theyre not going to really have any pushback from the house, i think. A. Paul wait a minute. Hold it, bill. Wouldnt they have to break the the filibuster to do that . Right now they need 60 votes, so theyd first have to break the legislative filibuster. Right. Right. Right. I think theyd be in very good shape for it. I agree with dan. To me, the overlooked part is whos going to run these committees, and i think the platform that they have with the green spending and the raising of taxes which will be necessary to pay for this, thats, thats going to mean a lot more stuff coming out of these committees in ways that i think will simply overwhelm the republicans. And the tax issue, they like raising taxes, theyre going to need to. If they frame it as taxes versus health, look, joe biden ran on that, right . Hes going to repeal all the trump tax cuts. So i think their first effort is going to be to try to undo everything donald trump did. And not just with on taxes, on regulation and so fort and undo that so forth. Be harder to undo the courts, but, of course, hell appoint his own judges. Paul on that deregulation, theres something called the Congressional Review Act which allows congress to repeal regulations that have been put, that have been passed within 90 legislative days. And they can do that on a simple vote of both houses, so thats something that they could do right away with even 50 votes. Oh, and im sure it would be open season on particularly fossil fuels, but a lot of the deeing regulation that donald trump deregulation that donald trump managed to get through in four years. Im also worried about d. C. And puerto rico as a state. I think if the democrats, theyre smart, theyre looking at what happened in this direction, and they know the country is not moving to the left as fast as they are. So here is theyre going to have one opportunity, one bite at the apple to change that overall landscape. And the way to do it would be to make d. C. A state, and then theyre going to have two senators, and theyre not going to have this problem anymore. And if they go as far as also adding puerto ricos, theyre probably even more safe although puerto rico does have a conservative streak to it. So i dont think that is as insured. But i think thats a very dangerous path they might be tempted to take because its their last chance. Paul kim, on this filibuster issue, it would be 5050, so they would have a onevote majority to break the filibuster, so they could do it theoretically. But joe manchin, the democratic senator from weve, said he wont from weve said he wont west virginia. Said he wont vote for that. Would i he be the one man standing to oppose it . Well, it does not fill me with confidence, paul [laughter] because you look at joe manchin, this is a man of the party. He has been there for the party on every vote that has ever mattered. Chuck schumers not going to hold against it, hes got the threat of a primary from aoc hanging over his head, so i wouldnt count on that. Pa. Paul all right. When we come back, president elect joe biden criticizing President Trump for his vaccine rollout, but can he make good on his own promise to vaccinate 100 million americans in his first 100 days . Well ask dr. Marc siegeling next. The Trump Administrations plan is falling behind, far behind. Were grateful to the companies, the doctors, the scientists, the researchers, the Clinical Trial participants and operation warp speed for developing the vaccines quickly. But as i long feared and warned, the effort to distribute and administer the vaccine is not progressing as it should. Paul president elect joe biden this week taking aim at the pace of the Trump Administrations covid19 vaccine distribution. The president elect laying out his plan to invoke the defense production act to ramp up manufacturing of those vaccines. 100 million shots in the first 100 days of his presidency, so is that a realistic goal, and is his criticism of the Trump Administrations efforts fair . Lets ask dr. Marc siegel, hes a clinical professor of m. D. E sin at Nyu Langone Medical Center and a fox news medical contributor. Hes also author of covid the politics of fear and the power of science. So, dr. Siegel, welcome. Good to see you again. Let me ask you point blank, is joe bidens criticism of the vaccine rollout fair . Not really. I mean, its father in a couple of senses fair in a couple of senses that the hope was to vaccinate is lot more people by now. But first of all, over 11 million doses have been distributed. Between 23 million have been administered. That means that the slowdown is occurring at the state level because not all the doses that are out there are even being given yet. Second point is we have to realize and take a deep breath here, paul, that were going from thousands having been vaccinated now to millions. And wanting to overlook that and have scientists look at that, we wait to make sure there havent arent side effects occurring that are being missed, so we have to look very carefully at the 23 Million People who have gotten it. This isnt a race, after all, its about getting people inoculated, immunized in a seine safe and scientific way. I also dont believe that his promise of 100 million vaccinated in the first 100 days of his administration is going to work either unless he rushes things and then, again, we may end up regretting that. Paul yeah, but is this relatively slower rollout and i say slower because the Trump Administration itself had said there were going to be 20 million vaccinations by the end of the year. Looks like well be short of that, but is this a logistical issue at the state level that they havent gotten the processes in place to deliver them to the Nursing Homes and hospitals, or is this, as you suggest, maybe red lighted to the fact related to the pact that they want to look at the potential side effects . Which is it . Well, its actually the first part. Im hoping that they take into account my point about the second part, that weve got to look at the side effects. The reason its slow, paul, is because as general perna said, hes taken responsibility that it wasnt administered, distributed as quickly as he would have liked. And then i think the states have not had in place what they need to have to get all the doses out. You know what . It mostly involved Nursing Homes because a lot of health care workers, over a million, have already received it. The medical centers are set up for this. I can tell you that performly. Paul right. Personally. The problem is going on at the nursing home level. Paul all right. Now what about this point that biden makes about the defense production act . President trump has triggered it, i i think the, maybe a dozen or fourteen times. Biden says im going to trigger it for vaccine production, but arent vaccines being produced as fast as they can be right now . This has been anticipate by pfizer and moderna and, if approved, the astrazeneca vaccine. Yeah, paul, you already answered the point the way you posed the question. I dont see any purpose to it. Were talking about 100 million doses per company with over close to 2 billion per company. Pfizer has a fast experience that goes all the way back to 1884 and the smallpox vaccine. They know how to roll out vaccines. Moderna, brand new, but the nih is deeply involved in overseeing that, and they now how to produce vaccines. The money is there, the manufacturing is there. The rate of speed isnt going to be increased by invoking the defense production act. Paul okay. Now, the Oxford Astrazeneca vaccine has been approved by the united kingdom, and theyre going to roll that out right away. Whats taking the food and Drug Administration here in the u. S. So long the approve it . Paul, theres an excellent article in the journal about that right now, and that points out that john bell over at oxford is saying that the problem is that astrazeneca took the lead on this when its really advantage city novels that the fda wants to work. An astounding company with a lot of major wins to its credit in antibiotics, immune they weres, Cancer Therapies, Cancer Therapies really doesnt have the vaccine history that oxford does. So they really have egg on their face from that where they basically said, whoops, we gave half the dose in the first shot and, by the way, that group did better . Well, regulators here in the United States arent buying that. So thats why were slower here, and we should be slower than the u. K. Which has already rolled out this vaccine. Now were going to have the benefit of looking at how it does in the u. K. And then in january and february were not going to see an emergency use authorization requested on this vaccine probably until early february, and thats right because we can see how it works in the united king. Com in the meantime. And im really glad to see oxford taking the lead now. Paul all right. Briefly, marc, sop people are saying you have to have 80 of the American Public advantage i city nateed to be able to have herd immunity. Can we get to herd immunity in parts of the country faster than that with fewer vaccinations . I think were going to get there, thats been mismessaged this week. Measles you need about 90 vaccinated, this is not as contagious as measles even with the new strain. The estimate, its based on how contagious it is and how effective the vaccine is. The mrna vaccines are hugely effective, way more than we thought, and the virus is not nearly as contagious as measles. I think we can get there with about 70 . I think were going to get there by late spring or summer. Paul all right. Great news. Thank you the, dr. Siegel. Still ahead, the 117th congress set to convene for the first time tomorrow, and with a shrinking democratic majority, nancy pelosi is facing a narrow path to reelection as speaker. So will the partys left flank line up behind her for9 another term, and what will they get in return . Is clinically shown to help manage blood sugar levels. Boost glucose control products contain high quality protein and key nutrients to support immune health. Try boost. Some things are good to know. Like where to find the cheapest gas in town and which supermarket gives you the most bang for your buck. Something else thats good to know . 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The house is set to vote for speaker tomorrow, and with a shrinking democratic majority, Nancy Pelosis path to reelection is narrow. Some progressives refuse to say whether theyll back her for another term. This as Bernie Sanders continues to push joe biden to the left, urging the president elect to pick more progressives for his cabinet. What i have said many, many times is the Progressive Movement itself probably is 35 or 40 of the democratic coalition. And i believe that the Progressive Movement deserves seats in the cabinet. That has not yet happened. Paul were back with our panel, Dan Henninger, kim strassel, bill mcgurn and Mary Anastasia ogrady. So, bill, is nancy pelosi going to pull this off and win . I think shes going to pull it off because the alternative is that then the democrats, you know, if it went to Kevin Mccarthy or something, i think the problem would be then the democrats would lose their Committee Assignments and so forth. You know, powers a big thing. But i do think it indicates where theyre going because the primary achievement of the progressive wing of the Democratic Party is to oust more moderate democrats, even liberal democrats. I mean, thats been aocs primary achievement, right, as a congresswoman. So the squeeze is going. You look at Chuck Schumer, he has aoc there. The head of the Democratic Party in new york just warned her dont go after mr. Assume orer. Do you think shes going to heed that . So all these guys are going to have these progressives over their shoulder who have more strength in primaries. I think the direction of the party is a different direction from the nation. Paul so, mary, if the votes come in on the two races still undecided for the republicans, and theyre ahead in both, that would mean its a 222213 majority for pelosi. Thats a very, very narrow majority. And its easy for democrats in the house to say im not going to vote for the speaker if their votes dont matter. Its much harder if, in fact, it could cost her the speakership. [laughter] what do you make of some of these democrats who are saying ill vote against her, well, maybe not . Yeah, i think that i agree with bill that they want to take the party much more to the left, but i also think that theyre smart enough to know they have to pick their spots. I mean, aoc wanted to get on the energy and commerce committee, and she was she did not win that vote. They took another democrat from long island. And i think that was a message to her that she hasnt made a lot of friends in congress because these people have to go home to their districts and run. And if theyre running under a banner of aoc, its very tough. A lot of these districts have moderate democrats. So i think that while aoc knows that where she wants to go, she also knows she has to pick her spots, and i think thats the reason why nancy pelosi will still survive one more term at least. Paul so, kim, if youre a democrat, youre thinking, youre looking at 2022 and saying, boy, that could be a tough battle to save the house. Meantime, weve got a lot to get manager done. Is pelosi the right leader right now or should they have the fresh or face . Well, i thought that they should have a fresher face years ago [laughter] but heres the problem, paul, who stops up to replace her or . The fundamental problem democrats have is that they have become a more liberal party, and the members elected from those districts kind of have life tenure. They dont have to worry about the blowback, and the problem and the problem they have in the elections or rather the shrinking minority of moderate democrats that are always buffeted by these liberal decisions. They need a leader that can better reflect that. Nancy pelosi used to seem to understand the need for a big tent party, but she increasingly has done the bidding of the left, and i dont see another leader coming up that has that broader ambition to stretch the partys reach. Paul yeah. Dan, lets turn to Bernie Sanders complaint that theres not enough progressives in the cabinet. I see a lot of progressives there. I guess it depends on what your definition of progressive is, but what do you make of bernies objection . [laughter] well, i think bernie theres several openings left. Theres attorney general, labor, commerce and cia director, not a cabinet position. I would guess that the progressives are going to get the labor cabinet secretary, for sure. Very powerful position, affects a lot of their agenda. It might even get somebody in commerce, normally thought to be a businessoriented position. But their bug issue is Climate Change big issue is Climate Change, and theyre going to use climate across the board to get businesses to i adjust their policies. Attorney general, i dont think theres much chance there. Everyone knows the attorney general decision is about hunter biden. They say its not going to come up. You dont have to bring it up. But joe bidens going to want somebody very close to him performly for attorney general. 9 perm ily for personally for attorney general. And raising the federal minimum wage, use those powers to get progressive policies, use executive orders the way barack obama did in his presidency. Paul all right. Still ahead, president elect joe biden putting can diplomacy and International Alliances front and center of his Foreign Policy approach. So will it be enough to deter the growing threat from china, russia and iran . General jack keane on the challenges awaiting the new administration next. Smooth driving pays off. 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Lets ask retoured the fourstar army general jack keane, fox news senior strategic analyst. General, great to see you. So, you know, donald trump represented a pretty big break with Barack Obamas Foreign Policy s. Is joe biden going to represent a similar break with donald trump, and where will those differences be . Yeah, well, i think certainly they will try to do that. Theyre already emphasizing, as you stated in the introduction, americas leadership, we cant go it alone, and theyre going to stress the importance of allies, multilateralism and joining international organizations. I think when they get out there and start to interact with our allies in the regions, theyre going to find that the Trump Administration has done a lot of good spade work with our allies, particularly in the indopacific region reforming the quad which is and revising it which is an alliance of the United States with, japan, australia and india. Three of the four largest economies in the world. And that is obviously a good base for the Biden Administration to take that and build that into a much broader coalition to counter, certainly, the aggressiveness of president xi. Theyre also going to find in the middle east that theres been significanting progress made significant progress made with our allies in the middle east. Theres a Broad Coalition forming in the middle east. Obviously, the arab states and israel. And the principal reason for that coalition taking hold as fast as it is is because of irans aggression in the middle east. And they will be fundamentally opposed to a Biden Administration just kneejerking themselves back into the old nuclear deal without Getting Better conditions from iran if there is going to be a new deal. So paul let me ask you, let me ask you about that point with iran, general, because i think irans isnt iran likely to say, look, all you have to do, president biden, just withdraw all those trump sanctions. Just put those away, and well be happy to go back to the deal as it was before. Yeah, thats exactly whats going to happen. The Biden Administration, if they accept the fact the iranians will come into full compliance because theyre out of compliance right now with the nuclear deal based on enriched uranium standards and centrifuges, etc. , if they come into full compliance, and the iranians will be willing to do that. They will come back and say we want sanction relief. Paul right. Thats the old deal. What they have to do is leverage irans isolation caused by the arabisraeli peace agreements, the incredible imposition of maximum sanctions that has put iran back on its heels for the first time in 40 years, that gives the Biden Administration absolute leverage to get nuclear prohibition. Why not put it on the table . Anywhere, anytime inspections. Those are conditions, im convinced that if trump was reelected the rape iranians would have come back do negotiate. The hardliners will say no, and if they say no, then we walk away until theyre willing to negotiate over those conditions. Paul its going to be fascinating to see how biden when they try to use that leverage. Lets turn back to china and particularly to this issue of great power competition. You know the National Strategy document that trump produced early on under h. R. Mcmaster at the nsc laid out this as the new reality with the u. S. Is facing in the world. And as biden comes in, it seems to me taiwan is a really, really pressing issue given the chinese desire to consolidate their control over what they consider to be chinese territory. You would agree with that . Yeah, i agree with it. They largely the Biden Administration largely accepts the strategic framework that the Trump Administration had put forward in the National Security strategy. Theyre certainly not going to give them any credit for it, though [laughter] thats for sure. Paul right. But when it comes to china, i think what well see is a Biden Administration more conciliatory in terms of tear tone, less confrontational, no tariff wars. Look for opportunities to cooperate with china on the pandemic, Climate Change, to be sure. But the real dangerous and processing issue, as you indicated, is taiwan. President xi has accelerated his ambitions, his aggressiveness and his malign behavior since trump came into power. And the Trump Administration is confronting him over this. And in the last year plus, they have accelerate ared quite accelerated quite dramatically their military intimidation and coercion of taiwan. They have crushed hong kong in this last year. And xi wants to unify and absorb taiwan during his reign, for sure. Just as tibet is gone and hong kong is gone, i believe taiwan will be on the table as a major issue. Heres what the Biden Administration should do shore up taiwans military defense and continue the military expansion that the United States is providing them. Thats a good thing the Trump Administration started, continue it. We need a revised military strategy in the indopacific region. The Trump Administration started to move in that direction paul right. We havent completed it. We need more missiles, we need more ships, we need more submarines, we need more armed drones in the region, we need stocks of ammunition. That will get president xi ors attention. If xis tension if he intends to take some against taiwan which would be encircle the islands or blockade taiwan. Paul right. He has to know we can impose costs. Paul all right. Good advice. Its going to be fascinating to watch. Thank you, general, appreciate it. When we come back, the u. S. Economy showing remarkable resilience in the face of the coronavirus pandemic, so what can we expect as we enter a new year . Our panel weighs in on the Economic Outlook for 2021 and the potential risks ahead. Ink, ooh but if you get home and your ooh is more of a hmm. You have 100 days to change your mind. Thats the visionworks difference. Visionworks. See the difference. Paul from the covid collapse to comeback, the u. S. Economy showed remarkable resilience in 2020. So can the Biden Administration keep the recovery going, and what are the biggest threats to growth as we enter a new year. Dan henninger, kim strassel, bill mcgurn and Mary Anastasia ogrady. So, mary, once the pandemic begins to ease with the vaccines, assuming they work, rewe going to see a big boom in 2021134. Yeah, i mean, i hate to be an optimist [laughter] but 2021 looks like it could be a pretty good year. And thats because, you know, things like housing and autos have already been doing well, and whats going to happen when the vaccine starts to kick in is that the rest of america is going to go back to work. And importantly, going to go back to play. And a big part of whats hurting the economy is the entertainment sec or sector, restaurants, travel and that sort of thing. And those, i think theres going to be a lot of pentup demand, theres a lot of savings, so people will have the money, and i think they will let it rip. Paul yeah, mary, its interesting, you know, they have the savings rate has bumped up to Something Like over 13 , so theres a lot of pentup spending money that can go for that play burning a hole in my pocketbook. [laughter] paul yeah. Those vacations that youve all been saving up for, some of those and just expenditures on clothes. People have been living in sweat pants for these times, so i will say that theres a chance that there could be a few false starts between now and then, and i think we should be ready for that. I want to add that caveat. Paul yeah, okay. Dan, so its the good times rolling, what are the risks you see ahead to this sunny outlook . Well, let me say its always good to hear mary being bullish rather than bearish on the economy. We love to hear that. The rusk, of course the risk, of course, is the georgia results. If the republicans take control keep control of the senate, you could see a block on bidens policies. If the democrats take control, its katie bar the door. Think california or new york; high regulation, high regulation of the climate and high taxes to pay for their spending. Both new york and california are losing people and losing companies. At the federal level, it would mean lower investment, lower Capital Investment and lower employment rates or higher unemployment rates for minorities. So i think the whole thing turns on georgia. Thats why that election next week is so important, paul. The economy is going to really depend on that outcome. Paul wow. Thats putting a lot on those georgia voters, with bill. What about some other risks . Do you see any risks in maybe things getting overheated with the economy really taking off and housing going up in a bug way, asset big way, asset bubbles forming . It could be, but im inclined to agree with mary. And i think, actually, that the growth is probably going to be better than we have. Look, i think what were going to learn is that the real stimulus is the vaccine and lifting lockdowns. And as dan pointed out, the value threat is political. Real threat is political. Its basically the tax and spending agenda that joe biden ran on. Paul yeah, mary, what about the fed . Its feeding the beast here. Its pushing out dollars and keeping Interest Rates down. Is that a risk . Yeah. I mean, i hate to disappoint dan, but i have a lot of worries along with my optimism. [laughter] and thats front and center. You know, at some point you have a lot of excess capacity in the system. So until you use that up, youre not going to have inflation problems. But when you create such a big boom in the money supply and you have Interest Rates very low, you dont see it coming. But, you know, its long and variable lags as Milton Friedman said about monetary policy, eventually it catches up with you. And i just, im afraid a little bit that the fed is going to be behind the curve on that, and then its going to have to jam on the brakes. Paul all right, we shall see. We have to take one more break. When we come back, our panels productions for 2021. Ow you can go to libertymutual. Com to customizes your Car Insurance so you only pay for what you need . Really . I didnt aah ok. Im on vibrate. Aaah only pay for what you need. Liberty. Liberty. Liberty. Liberty. New projects means you need to hire. Gers. I need indeed. Indeed you do. The moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. Claim your seventy five dollar credit, when you post your first job at indeed. Com home. What do we wburger. Inner . I want a sugar cookie. Wait. I want a bucket of chicken. I want. Its the easiest because its the cheesiest. Kraft. For the win win. Time now for our predictions for 2021. Peerless predictions, i might add. Kim. Start us off. Everyone remembered john kerrys horrible deal. I predicted a repeat of those still are negotiating, only this time with china is joe bidens climate envoy, hes going to go to china on bended knee asking for cooperation. In return, give away the store, closer ties to hong kong, taiwan intellectual property theft, trade abuses, you name it. Im predicting past his future even though im hope i am wrong. Paul bill. Im going to endorse productions from two people i almost never agree with. Cnns jake and jim acosta. Each man recently predicted in 2021, the press will retire from the resistance, lay down his arms and not be out the same kind of aggressive reporting to the Biden Administration that it did to the Trump Administration. Some would say they are already started with lack of interest in hunter biden. For one time, i agree with them and i think this is probably the easiest prediction of all. [laughter] paul mary. My production is that chinas national antagonism will become dangerously close to conflict with the free world and its not just about the u. S. China is not trusted in places like australia, south korea, india and europe nowadays. We already have hong kong, taiwan threat but also industrial espionage and chinas aggression and developing world. Joe biden chose any weakness, china will up the ante and i think the free world will have to respond. Paul all right. Dan. Im predicting the 1950s could be making a comeback. This is supposed to be the center of the superstar city. Covid has changed all that. Coupled with young families leaving cities like San Francisco and new york and moving to the suburbs seeking cultural stability and even schools and work. Moms, dads are going to be working at home more. Even churchgoing will make a comeback. Marking the 1950s but its looking more than ever like a better way to live. [laughter] paul thank you, dan. Thats it for this weeks show. Thanks to my panel and all of you for watching. I am paul gigot and we hope to hear see you here for next week for 2021. Things get even messier the president ial election results, declaring president elect joe biden the winner. Congress will meet january 6, this coming wednesday to formally certified the Electoral College votes. Today a group of republican senators led by texas senator ted cruz plan tot to that certification. They are calling for emergency ten day audit of the results they claim the election featured unprecedented allegations of voter fraud and illegal conduct even though the court, prosecutors and others have found no such evidence and Election Officials across the country say the claims are fra fraud,