governor of michigan, easy answer. produce more oil and gas. unlock the spigots and what the bidens should have done from day one, have an all of the above energy policy, ok. make use of our great fossil fuel resources, make use of whatever ingenuity you can have to bring the cost down for renewables, wind and solar. understand they are not reliable, and that you cannot eliminate fossils in the national electricity grid because they are not reliable. some states are going back to coal because of the lack of reliability, this was an extremist policy from day one and that s an economic term. but in political terms, it has been extremely unpopular. look at any poll. sandra: but this is bidenomics, is it not? part of bidenomics, yes, sir.
which is so important. okay, opens the spigots for fossil fuels, puts work requirements back on to social benefit programs. stops the student loan forgiveness plan and basically says no more bureaucratic regulations without a congressional vote . these are constructive, positive, pro-growth things. and biden refused to answer any of them. he had an unserious speech. he is not a real president right now. he is losing badly in the polls . okay, so i m going to add the political component and give you the last 30 seconds. and the political component is simple. all two hundred and twenty two republicans need to get behind that plan and they need to not budge. if joe biden won t meet with them, won t compromise, won t adapt, won t adjust, and they re going to tell us . but the full faith and credit of the u.s. government is in jeopardy. well, joe biden should have met with kevin mccarthy for
they ignored the risk. sandra: your reaction to that, he says woke obsessed bankers in the president s mad spending fueled the banking tsunami but he says you are going to pick up the check. spending jawing jagernut is true. woke policies, i don t like them, i don t obsess about climate change, i want all the above energy policy, supporter of hr1, the house republicans will reopen the spigots for fossil fuel and everything else, it will help renewables. this bank in silicon valley was a rogue bank, did insane things. the board was full of hillary clinton donors, one person there with banking experience, gave
sandra: they wouldn t let him. trump tried to fill it, and he was not able to. republicans say if you want to sell oil out of spro, you have to have a federal opening for leasing for oil and gas production. pretty clever. it s not fabulous, it does not do permitting but 5% sales of spro, you ll have to open up 5% of federal lands for leasing on oil and gas fracking. sandra: genius, genius. clever. it s clever, and smokes them out. here, too, they ll do anything not to let us turn the spigots back on for oil and gas production. sandra: they say they are all for it now, touting record oil production in the country. still a million barrels a day short of where we were precovid. i mean sandra: we have him all fired
i would agree with brian, i m still nervous about inflation. i think that the idea that the fed can get to their 2.5% is a real reach. sandra: sounds like a dream, sounds like a dream. my biggest concern is that they continue to raise rates but not high enough. i think they should be at 50 basis points, again, everyone is at 25, because of recent numbers. sandra: rein it in, short-term pain for long-term gain. i m old school, i m of the volker school, you take that plunge. sandra: you know if you reference the volker years, that means a lot of short-term pain on the american people and in terms of skyrocketing unemployment to bring those prices down. you have the hard core progressives screaming, warrens, the sanders, they want the rates down. they want to open up the spigots, and that s the problem here. i m going to challenge that.