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Transcripts for FOXNEWS The Journal Editorial Report 20211225 20:44:00

reluctant to push back against what they re doing. but i think as well, paul, they re looking at the political calendar in the united states. and about a week we re going tip into 2022. and what is the conversation going to be about? it is going to be about the midterm elections in november. and if you re in the current version of the democratic party, the last thing you want next to year is anything resembling a conflict that united states is engaged in overseas with russia or with china. and i think both beijing and moscow recognize that. and it gives them a margin to push further, push harder through next year against the united states on the assumption we re probably not going to push back very hard because they don t want to risk it into the election next year. paul: kim at the risk of spoiling this party i ll say something nice about the president foreign policy and that s the australia great britain deal with it is called

Transcripts for FOXNEWS The Journal Editorial Report 20211225 20:11:00

majorities leader chuck schumer promising promising thit senate will volt on president biden build back better legislation despite west virginia senator joe manchin opposition that spending bill is not only democratic priority that has stalled. this year with voting rights, immigration, and police reform also failing to pass both houses. schumer and house speaker, nancy pelosi grapple with the reality of governing with very narrow majorities. let s bring in our panel, all star panel of wall street journal columnist kim strassel phil and mary o grady so dan i want to give you a crack at that question i ask karl rove how do you explain the white house decision starting in january, with very narrow majorities to try to govern with a left only coalition. all right, paul i m going to give you one piece of the

Transcripts for FOXNEWS The Journal Editorial Report 20211225 20:25:00

or sort of tried to diminish it when it did happen including biden white house. i would say that, you know, the political problem here is that inflation is not something americans learn about from the chairman of the fed. it is something again that you alluded to. it is something that they feel when it cost them extra $20 to fill up their minivan or an extra $20 for a sack of groceries from kroger they know it. so when they hear washington sort of poo pooing it, it just creates another credibility gap and, of course, as you know, paul, longer we wait to address it. the greater the pain is going to be. paul: yeah, kim, the president is saying that, in fact, the solution to inflation is to pass build back better which would throw another four or $5 trillion on to the demand side of the economy. i don t know too many people who think that outside of goldman

Transcripts for FOXNEWS The Journal Editorial Report 20211225 20:16:00

and swing speech. it is not a coincidence of jared goldman in maine and golden is he only want to vote against build back better because it was from build back trump and i would say a word from progressives from their point of view they re not interested in incremental progress. they re interested in fundamental change they re mostly from seats they look out and they saw old man probably a one termer in the house tiny majority in house and senate and midterms looming up and thought they have 18 months to get something transformational in. and they came very close. you know, it was defeated by joe manchin but they came very close on that day. kim, i don t have too much time left but on handling of joe manchin, i guess what would have been your advice to try to get them if biden wanted to get him over the finish line. looked as if he could persuade them private lis and from the

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