Transcripts For FOXNEWS The Journal Editorial Report 20240709

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and attempted to sell the $5 trillion spending plan with a skeptical public recusing those who oppose his agenda of being complicit in america's decline. >> these bills are not about left versus right or moderate versus progressive, these are about competitiveness versus complacency, thereby opportunity versus decay. to support these investments is to create a rising america, america is moving to oppose these investments to be complicit in america's decline. >> let's bring in wall street journal columnist and fox news contributor karl rove, he served as senior advisor to president george w. bush. how are you doing? >> i had no idea it was a decline is. >> i think it's quite the opposite passes are more likely on the road to decline because were going to a road the social fabric more to government and more intrusively into the middle of family life but let's leave that aside let's talk about the presidents pulling and why such a precipitous fall, how do you explain it? >> first of all it's not precipitous if you mean speedy look back at these numbers they begin to decline earlier in the year in his favorability rating dropped about eight points during february, march, april, may, june it dropped double digit drop in july, august and september and it's going to continue to go down it's really problematic for the white house and uc and independence there starting to look like republicans and they are democrats let's look at the pull itself overall job approval among democrats was 80% among independents, 32% among republicans 40%, a 49 and between democrats and independents, only a 28 between independents and republicans, covid 87 democrat, 13 republican, same on the economy 82, 32, 342 on foreign policy, 72, 29, taxes 77 approval among democrats, 30 among independents and five among republics, he's only getting 50% approval of his handling of the seven border, 18 among dependency 2% among republicans, the independents a lot more like republicans and that spells big difficulties for the democrats in 2022. paul: how do you explain that movement among independents, the one theory in the case is the problem the president biden, he promised to govern from the middle, he promised to be not as polarizing as donald trump and instead as we saw the infrastructure bill where he signed with the progressives and postponing a vote on the bill he govern from the left is and that your view part of the explanation? >> absolutely is not the only part that absolutely there are two other things that go along with it he did not prepare people for this, the message in the campaign president trump is bundling the covid response and i'm going to do better and i will restore normality in doing so, the rest of the stuff little hint of a here and there but not the kind of thing that you would do if he were running a campaign based on the big transformational changes in government, the third thing let's be honest he's been incompetent certain instances he's incompetent handling the board he has yet to go to the border when, here is who is in charge of the border went there she went to a site about a hundred miles away from where the real action is happening, afghanistan, that was a disaster the withdrawal from afghanistan, the economy, people don't think is has his hand around that and covid wishy-washy there here and forth it i think generally people are saying i've decided he's really not up to the job, republican 30 felt that but the fact the independents are now coming to believe that it's very problematic, i think it's a combination of those three things. >> the white house response would be we passed the spending bill, it is going to be blue skies because look these things are popular more childcare, more family leave, more free college, more free this or that, people love that if you look at the polling we will pass it in as covid ads in the economy will go up in this will all just be passing. >> you can be miss led by polls and engaged illusion polls take things in the polling that this administration, would you like to have more childcare, would you like to have better healthcare for deserving people would you like for everything to be roses and sunny skies, absolutely but if you put in the context of a 5 trillion-dollar expansion of the government and were going to step in and do all kinds of things to put the government in the center of your family, community, your location, our economy, people start to move away from it the affordable care act look like on the surface when they tested abstractions to be enormously popular in a blue up in their face, the same thing is happening with this if this was a circus going to solve the problem then we would see a lot more people giving the administration good numbers on the economy and so forth but they are not given the good numbers on these institutes. itself illusion that we tested this in a pool of people are going to accept it that's not how politics work. paul: thank you, we appreciate it, when we come back as democrats scramble to fund trillions of dollars in new spending will the irs be looking at your bank account? 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the proposal by the biden administration would require banks to record data from accounts of $600 were at least $600 worth of transactions democrats in congress say the threshold is likely to increase in any final bill to as much as $10000 but the effect of the policy would be the same with the irs collecting bank account data on millions of americans janet yellen defended the proposal this week calling the reporting routine and claiming it's needed to root out wealthy tax dodgers let's bring our panel wall street columnist and deputy editorial dan henninger, kim strassel and editorial page writer lynn a. let's fill in our audience of what happened after we published an editorial pointing out the $600 threshold for the policy they were scrambling by democrats now they say $10000, what happened? >> i think there was a big public backlash that the irs is going to collect data for just about every single americans obviously encumber everybody filing taxes but the irs does not have access to regular bank savings and transactions so the democrats realized the policy was unpopular and they decided they would try to lift the cap that it will cover fewer americans but as you suggested the result of the policy is probably going to include just as many people in a most everybody spends $10000 in the year to any active checking account and that means they are going to be able to see how your bank balance in the listed transactions reported to the irs. paul: what is the argument against this work for? who is opposing it and why? >> there are all kinds of arguments against it in the biggest one is an extraordinary invasion of privacy of the average american. the bigger problem it will not accomplish its stated purpose they claim they want to do this because they want wealthy tax cheats and all this unrealized money coming is the irs but if you look the reality the more affluent people are the more likely they have an accountant who keeps them on the right side of the law and that's one of the reasons the irs litigates these cases they lose because there is not a ton of money there but the reality is most of the improper payments out there are done by average americans for lower income americans wanted the biggest sources within the earned income tax credit, this is a policy that is in fact going to hit squarely on average folks and in modest amount as a common. paul: elaborate on the political calculation, let's face it the irs is not the most popular arm of government and democrats seem to be leaning into this, this isn't the first time they also propose $80 billion in their spending bills to hire an army of new irs auditors and those will be unleashed on all kinds of taxpayers, not just the super rich, do democrats just feel they have no choice that they have to unleash the irs to fill a hole in their budget? >> it is a political calculation, a whole is an understatement. , it's a distraction from the reality everybody in washington understands this, the president is proposing $3.5 trillion in spending let's just go with his original number plus the emperor structure bill all of it going north of $6 trillion plus for new entitlements which everyone understands would become permanent, that is going to have to be paid for long-term, the president has argued that it's going to be paid for only by the wealthiest, that is impossible as joe manchin has been pointed out the past week we had social security and medicare already running out of money, why do we need more entitlements, the implication, eventually the middle-class will be expected to pay for the new programs and they will have to do so the way they do in europe with the value added tax or with a carbon tax which will be collected not by the irs out of payroll taxes. i think the administration has not been honest with the american people and they're trying to deflect interest in people's attention to the irs and the idea that they're only going after the wealthiest this dispute makes it clear that the middle-class is involved big time. paul: earlier this year we had the nonprofit website republican this postclassical nation we don't know where they got it they said they don't know who delivered it to them at the tax information of america's wealthiest and you have the irs and the obama administration denied tax-exempt or delaying it for conservative nonprofits at the irs has access to the bank accounts is it fair to fear that some of that disclosure could happen to a lot more people? >> it is certainly fair to fear that right now we know whether it is from an outside breach or an internal leak as long as this information is on file is a possibility that it can leak out so we know that 30 taken place. the information being reported to the irs is only including aggregate transactions for the year in terms of spending and income and people's accounts that is still a big exposure of individuals private habits and the information is it taxable, i think americans are in their right sequester of why the irs needs to collect for everybody in the country. paul: thank you well, when we come back the biden administration energy strategy comes under scrutiny as oil and gas prices soar. ♪ i'm way ahead of schedule with my trusty team ♪ ♪ there's heather on the hedges ♪ ♪ and kenny on the koi ♪ ♪ and your truck's been demolished by the peterson boy ♪ ♪ yes -- ♪ wait, what was that? timber... 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2014 for backward dan henninger, kim strassel. pinpoint the causes of the big energy price hike. >> the phrase perfect storm is overused but it is true here we have a pandemic with tremendous disruptions during the pandemic some economies are coming back online and they need energy one is china there is a shortage of liquefied national gas in the world china has told his people to get lng at all cost, a lot of it is being diverted to china and away from places like europe europe has been trying to transition to renewables wind and solar so they do not have a lot of backup right now they are dependent on wind and solar one interesting fact wins in the north are the slowest speed in 20 years turbines are turning and they have no backup they are dependent on liquid natural gas from russia to the nord stream pipeline in vladimir putin hasn't decided whether or not he will supply them, you have a difficult situation occurring right now but the consequences prices are going up factories or shutting down and supplies are being jammed all over the world. paul: what about the impact of climate policies yet the western world europe and the biden administration saying let's transition to solar and wind and reduce the biden administration doing everything that it can to reduce drilling and oil production in the united states how is that affecting things. >> that's a major part as dan was saying one of the reasons europe is struggling at the moment because over the years they shut down coal and nuclear meeting they shut down all the things that could give them backup at the moment when renewables failed or stuck in a pinch what we see in the united states after the fracking revolution became a major new energy force on the world and providing backup and some of the situations but now the biden administration has decided it will shut down all of the young department of interior and drilling falling and pipeline blockades across the country, oil and gas in the united states pulling back on investment because they see an uncertain political future and as a result you have the united states turning to opec begging him to produce more energy instead of flexing our own natural resources to be a way of relieving this pressure when moments like this happen. paul: it is fascinating to watch jake sullivan saying please arabic countries, please russia please produce more oil in a say in the u.s. please don't produce more oil it is a great this connect and then you have vladimir putin basically tontine europe saying we might be able to increase natural gas supplies but we will do it cautiously because we don't want to encourage too much overproduction. geo strategically this is a big boost for putin and oil-producing states unlike the u.s. >> it seems like the current administration in the united states wants to achieve a global climate consensus and their diplomacy with europe and china all of it is oriented towards helping to accelerate the entire world with carbon emissions and they seem to believe any spikes that we see in energy prices are going to be transitory and the american public at their backs and then there set avenue green economy but in the meantime yet more opportunistic players including vladimir putin ready to step into the breach and fill the global demand that were seen so the struggle will persist for years to come. paul: we also have the great big global climate coming up early next month is this going to be a reality check, the price strike and shortage of fossil fuels? in adequacy of wind power at least for now going to have any impact at all on the global designs? >> i don't think so the european union chief of climate policy says just this past week a troubled experience there senior now the higher energy should not deter europe from proceeding with the transition to renewables, yet they obviously have no clear path of how they can do that with backing up sufficient supplies of electricity. the uk is almost in danger of running out of electricity because of its dependent on renewables, i think it'll be business as usual at the conference in the population of those countries over there that are literally going to pay the price, higher energy prices and shortages of electricity. paul: may be soon coming to the united states, the attorney general merrick garland weighing in on the culture wars putting fbi and federal prosecutors in the middle of local school boards paul: viral videos of tense confrontation between parents and school boards across the country over mask mandates and critical race theory attorney general merrick garland released a memo directing the fbi and u.s. attorneys to meet with leaders to find ways to address the disturbing spike again school administrators, school board members, teachers and staff, the directive comes days after the national school board association wrote to president biden asking the fed to consider a threat at school boards to be equivalent of a form of domestic terrorism and suggesting parents be prosecuted under the patriot act we are back with dan henninger, kim strassel and paige writer will ask, kim why do you think merrick garland did this the school boards are not usually the realm of the justice department. >> i think the biden administration is getting a lot of pressure in terms of organizations like teachers unions that want to be free to do whatever they want in the classroom and all of those pressing for racial equity that want to see racial equity taught in school, that's where it's coming from but is absolutely ridiculous to the extent that the department of justice should ever be engaged in a free-speech issue to protect free speech not to suggest the federal government is going to go after people who are stressing that point of view. >> the justice department issued a statement pushing back against claims that this is any intrusion on free-speech saying only in the terminal behavior has no intention is that target any particular theology if you are apparent in the fbi is nosing around. you have to wonder that could have a chilling effect. >> is not just the fbi attorney general that exceed the national security division, this comes in the context of the school board association memo that can mention the patriot act there is a sense certainly an annex capable sense that parents are being targeted at something much larger than threats towards the school board or local crime issues but rather this is a terrorist attack, i will think they have trouble walking out back giving the context of cayman. paul: what is the proper role for federal versus state and local acts of violence or assault usually prosecuted at the local level, can you recall a federal role like this? >> disorderly conduct that school boards and parents not wearing masks at the school board meeting these are for local cops from the fbi does have a role there involved in things like school shooting, things involving interstate threat or things that they have the competency to address the local police don't have the competency we didn't see any examples that i've seen about level of threat that would warrant fbi. paul: akin to domestic terror is really something, there could be shootings, we don't want anybody disrupting school board meetings certainly not using violence but what we see at these meetings is an awful lot of interruption from parents who feel that they have not had a say, and a lot of the local school board governance, as you know school board governance tends to be dominated by the most intensely interested folks mainly the teachers union is it a mistake politically for the administration to go there? >> i think it is a mistake it's a fascinating political phenomenon we talked here about the teachers unions and these are mostly suburban parents and a lot has been precipitated by curriculum changes trying to inculcate critical race theory in the curriculums teachers are showing up saying what that is set going on, for years the teachers unions in the inner cities and the largest urban schools districts have pushed parents at a participation in the schools as a matter of policy they diminish the parent teachers association and the inner-city, as a result those schools have suffered the unions insist they want to run those on their own now they insist on transferring that model from the inner-city to suburban schools and the parents are showing up where they have long participated in the activity of their schools and the school boards are telling the teachers to go home this is a serious significant confrontation it is not just cultural it's going to be at the quality of the schools in america going forward it is really worth watching. paul: what is this tell you about attorney general merrick garland may be in a political attorney general? >> it's been disappointing and surprising i think everybody was open-minded about him and he will continue what bill barr did to keep the justice department out of politics he is politicizing it turbocharged i'll eight is quite scary. >> still ahead a game changer against covid-19 but it marks the new antiviral making its way through the regulatory process doctor marty makary says the fda could save thousands of lives a day. >> tech: when you get a chip in your windshield... trust safelite. this couple was headed to the farmers market... when they got a chip. they drove to safelite for a same-day repair. and with their insurance, it was no cost to them. >> woman: really? >> tech: that's service the way you need it. >> singers: ♪ safelite repair, safelite replace. ♪ wealth is your first big investment. worth is a partner to help share the load. wealth is saving a little extra. worth is knowing it's never too late to start - or too early. ♪ ♪ wealth helps you retire. worth is knowing why. ♪ ♪ principal. for all it's worth. is struggling to manage your type 2 diabetes knocking you out of your zone? lowering your a1c with 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changes. taking ozempic® with a sulfonylurea or insulin may increase low blood sugar risk. side effects like nausea, vomiting, and diarrhea may lead to dehydration, which may worsen kidney problems. looking to get back in your type 2 diabetes zone? ask your health care provider today about once-weekly ozempic®. oh, oh, oh, ozempic®! you may pay as little as $25 for a 3-month prescription. paul: a potential game changer in the fight against covid-19 with the pharmaceutical company merck announcing the antiviral pill reduces the risk of hospitalization or death by 50% the biden administration has purchased 1.7 million courses of the experimental drug although it could be months before they federal regulators approve it for emergency use the fda does not need to wait that long to start saving lives, doctor marty makary as a professor of health policy at the john hopkins public health and a fox news medical contributor, doctor mccurry great to see you just to summarize why is this a potential good move on covid? >> it is a game changer no one who received this medication guide had the highest level of evidence a randomized placebo-controlled hit is passed a formal test now it's sitting in the regulatory purgatory ironically we have it on the shelf and people dying if there was ever an official test of the right to try concept this is it and things can be done to get this into people and save lives. >> they are applying for emergency use authorization with a more rapid approval than normal process on what grounds, legal grounds, ethical grounds with the fda approved it immediately? >> there is an expanded access protocol for compassionate use we have seen it trigger before it was activated for convalescent plasma before that ua was granted and it was used for monoclonal antibodies for example when the president and other elected officials got sick with covid before regeneron therapies and we have a passive group of stakeholders mark has not indicated interest in an extended access protocol and fda is a bystander and this could have been approved six month ago the whole reason that it is received this level of attention, this late in the game at the long delay when barta did not invest in this and did not want to invest more money in the drugs they said this could have been here and it's an amazing drug. paul: when you say barta what you mean by that. >> is a group within hhs that funded operation warp speed they identify new therapies and they invest in them. paul: the problem if you happen to get covid you want to have a good therapy, you want to ask for monoclonal antibodies if you can the president had it, we hear a lot of stories about working, you can't get it necessarily because it's in short supply in the administration is a rationale for that reason this pill would fill the gap and lead to another potential life-saving therapy, could it be that the administration is afraid that if you allow this to be approved it will deter people from being vaccinated in their number one goal is vaccination. >> that's a very reasonable concern we have seen people out here saying i'm not quite get vaccinated because i have regeneron or some therapy that they put a lot of faith in, it is a very fine line, the country does not do nuance during covid we have to send a strong message that vaccinations are the best way to save lives but if people get sick here's an effective therapy we can be honest about the data and the frustrating thing, we have people dying where we know there's an effective pill and a simple five day course reduces way more than regeneron therapy or any other therapy that's ever been studied but we cannot give it to them we need to get our act together to get this out there. paul: what other alternatives you have if you get sick, is it you just hope you don't get a serious case or is there anything else other than the monoclonal antibodies that can really make a big difference. >> outside of the hospital a simple hypertonic saline spray has reduced hospitalization zinc, aspirin, vitamin d in the past we told people sit at home and ride it out, there's a lot of therapies in this drug can be used with other therapies and it can be given at any stage in the therapy in the course of the illness because it works by directly blocking the replication of the virus. paul: let me shift a little bit to the delta variant, are we beginning to see at last the number of cases are going down and hospitalizations falling and a lot of the states that were hit hard by this. >> it does appear in the final homestretch, we always knew that the virus was going to eventually get to the ten to 20% of americans with no immunity, no vaccinated immunity it's repeated the population very fast and some places overseas we've seen a symmetric epidemic curve that is a boom and bust phenomena, right now 35% off the peak, it staggered in different parts of the country and parts of the country that got hit earliest with delta missouri in arkansas for example about 50% off the peak that the preview of what we can expect in a much better place by halloween and thanksgiving of this fall. paul: terrific, thank you, good to see you again, when we come back facebook under fire as a former employee testified on capitol hill, lawmakers from both sides call for more regulation of the social media giant, or panel takes a look at what congress can and maybe should do. paul: harm children, weaken our democracy, the company's leadership knows how to make facebook, and instagram safer but won't make the changes because they put their profits before people. paul: former facebook employee frances haugen testified in front of the committee and accusing the social media giant of putting profits before people particularly when it comes to the mental health of teenage girls, the testimony renewing calls from lawmakers on both sides of the aisle to regulate the company and what can congress do all were back with kim strassel. paul: that was a broadside but what really did we learn new from her testimony? >> i'm not sure that we learn all that much this research has shown the impact of facebook on teens for a while if you thought it was good for your teenager to spend hours and hours a day scrolling through instagram you may have learned something but i don't think most people thought that. similarly with the misinformation there has been media complaints about misinformation on facebook and the content that facebook should remove this certainly brings to the four arguments that have been happening but i don't know much new has been done here. paul: how persuasive was her case, the specifics on this it doesn't sound like it was much new but the internal documents that she brought out from facebook while she was there essentially stolen documents that show that facebook itself was well aware of the impact on teenagers. >> right facebook's defense, were doing this research because were interested, any company presents itself to the come under public with a different image, any company wants good publicity so facebook will present itself as a benevolent force and it's not an entirely benevolent force, the research may be more conflicted than say she adjusted, there is clearly a minority of people for people who facebook, and instagram are addictive and very bad for them especially young people but i don't think it is the case for everybody. paul: there is two sets of data that i look at one impact culturally on girls, boys and youngsters, that is one a cultural impact. and then an idea of misinformation and erosion of democracy which gets to polarization and comes close to my view to politician saying somebody else's speech is what i want to regulate, break down the two issues and what can be done. paul: i think that's an important distinction often they get completed. if were talking about the issue of young people in the cultural question in the use of social media and how that affects young girls with body images and et cetera. the answer is not government it is to empower parents to allow them to have more control, more oversight on how their children engage online and there should be pressure exerted by republicans in particular on these companies and i'm not just talking social media but apple and google to be more responsive to parents because they have largely resist to this and they like kids to be addicted to their stuff. free speech is entirely different that's where the threat of government comes up there's an orchestrated campaign on the left to pressure the media to self censor against conservatives or make the case for regulation as another opportunity for government to censor we need to have the discussion about free speech but the arguments that democrats are making the government can make this better there is no indication that the case on either of those two questions. paul: the francis haugen remedy she wanted agency to be set up that certain people would be able to make decisions about facebook algorithms and policies, elaborate on that would you. >> that the popular idea on think tanks and progressives a bureau like the ftc but to the algorithms of the tech companies, i cannot imagine a bigger disaster than having federal bureaucrats regulating speech, that is what facebook is much of the content were talking about is speech to what extent is it a reflection or changing our society. it is some of both but the government trying to reengineer the conversations that people have through social media i don't see how that is supposed to work and it sounds like a power grab for people who want to use the power to promote their own political agenda. paul: thank you both i appreciate it this debate not going away we have to take one more break when we come back hits and misses of the week. ensure, with 27 vitamins and minerals, now introducing ensure complete! with 30 grams of protein. paul: time for our hits and misses of the week. kim, first to you. >> a miss to the fbi following the latest report from the department of justice inspector general michael horowitz. following the outray just surveillance of carter page, mr. horowitz initiated an audit of 29 other you are virallans applications. the results are in and it turns out they are riddled with errors. surveillance is a huge tool for the fbi. they otto have to follow accuracy. this is just the latest example that they don't think the rules apply to them. paul: jason? >> a miss to m.i.t. for canceling a lecture by dorian abbott, a geologist from the university of chicago. his invitation was met with outrage over a column he wrote in "newsweek" questioning diversity practices on campus. if this takes over american science we'll be in trouble and we won't know about the aliens before it's too late. >> i will give a reluctant hit to major league baseball. they upset a lot of people with their political moves last year. but they got rid of a terrible rule that placed a runner on base in extra innings. so fans won't have to put up with what is the meddling in the most interesting part of baseball. >> a hit to chicago's mayor lori lightfoot saying the city will descend into chaos if kim foxx doesn't start filing felony charges against gang members. gang members shot up a neighborhood necessity chicago and kim foxx didn't bring charges saying they were involved in mutual combat. this is not a video game. paul: if you have your own hit or miss, tweet it to us. thanks to my panel, thanks to all of you for watching. i'm paul gigot. see you next week. sean: following three big stories this hour. let's begin with the humanitarian cry signs our southern border. mexican officials stopping three trucks filled with migrants. kamala harris is taking heat for not i terning the shy stakes meeting yesterday. but antony he blinken did. i'm eric shawn.

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