It came alongside headlines 40 the economy is in distress and maybe even headed for a nosedive. Trumps own aids and it could spell political disaster for the president and could pose the greatest threat yet to his reelection process. I call this another trump a slump. Giant dark cloud has taken its new place on the horizon as potential big trouble for the trump economy. The threat of recession is real. Is a Global Economy including the United States is taking a step to the recession and what does that mean for the presidency. Is political suicide. Steve its pretty obvious that these establishment trump 18 hysterics already comfortable, coastal lives want a recession because they think thats the best way to get rid of trump. A least one of them is honest. Ive been saying for about two years i hope we have a recession and people get mad at me. Steve yeah, i wonder why. Bill, in recession real people working americans get hurt, not you and your rich friends in the establishment state media that would be reporting on recession not living it. We saw all this talk of recession last week not because of anything that happened in the real economy but because of the fake economy, the one conjured up by panicky idiots and algorithms on wall street. In case you never met any of these financial whiz kids let me tell you who we are dealing with here. These wall street types are not exactly the kind of people you want your children turning into. They are not very smart and not thoughtful or kind but often poorly educated and mostly ignorant and always selfinterested and greedy. This week they got the whole world in a panic for no good reason thanks a lot, guys. And they are mostly guys. To hear a rumor, massively overact to a single piece of data, push buttons and follow each other like demented sheep. The worst thing is there panicky it is he can have realworld effects. In the end, the economy is not some abstract thing but a human thing, collective result of countless human decisions. Should i buy that new piece of furniture . Should i hire the extra worker . All of these human decisions boil down to confidence about their future. To have the wall street it is date could cause a recession just by going on about it. This was the smarter thing we heard last week on the whole topic is the ceo of bank of america someone who knows what hes talking about blamed international factors for the turmoil of the Financial Markets and point out basic facts of the real economy. Quote, average worker is working, getting paid more and that will truly into good credit performance on the consumer side but the real risk for the u. S. Economy is if the consumers slow down. Listen to this, the most important point he made. We have nothing to fear about a recession except for the fear of recession. Steve that is exactly right. We must not let the panicky wall street royalty living in the trump hating establishment media talk us into a recession. Keep the focus on the real economy, not the fake economy. Consumer spending is two thirds of the real economy and in july it did not go down but it went up. As the wall street journal noted on friday there were about to report the strongest rating the smart is a positive signal of u. S. Economy. In the real economy the biggest real taylor, walmart, made a sales were down but up. It revised its profit forecast, not down but up. Testing for Macroeconomic Advisers revised its Economic Growth projections, no, not down but up. The atlanta fed revised its Economic Growth projections again, not down but up. In the real economy, trump administration, pro enterprise agenda is working for lower taxes and less regulation a businesses the confidence to invest and that means more innovation and higher worker productivity which means more jobs are created and workers have paid more because the producing more. The latest job support for 154,000 jobs back in july bringing the labor force to 163. 4 million, record high. President trump we got lowest on a permit in 50 years the most on record for africanamerican and hispanic workers and just published the lowest summer use of employment for 53 years. The lowest since 1966. On workers pay, new data showed earnings rose 4. 5 in 2017 and 5 in 2018, even higher than previously reported in files ahead of inflation. While the trump haters pray for a recession and wall street plays around with the fake economy the real economy is booming. Is everything fine and dandy with nothing to worry about . Can President Trump and his team right the wave to his election next year connect no, not at all. The rest of the world is doing poorly. China, germany, uk, economies are all heading in the wrong direction. What should President Trump do to keep our economy moving ahead and its no use yelling at the fed because theyre in it for what they can do but there are two big things the president can do on his own initiative. First, something we told you about in june, positive and practical idea. Steve indexing capital gain for inflation. Absolutely. The longer we pay taxes on inflation. Get rid of the tax on inflation and you will see trillions of dollars redeployed to highest and best use and people have opportunities to do something with capital thats been liberated. Steve seconds big idea is on trade in china. Ive been as tough as anyone on china and as you know, i completely support but the president has been doing. Hes a First Western leader in 50 years to stand up to china and it is working. More on that next week. But theres nothing wrong with that tactical pause to get the best possible economic climate in the reelection campaign. Make a deal now and hit them hard after the election. Heres the bottom line. Trump economy is fundamentally strong and delivering good jobs and higher earnings for working americans who suffered in the years of stagnation. But the threat to the economy comes from the loony left economic policies which would scare off investment and bring back stagnation. The president and his team should take the initiative to take positive and practical steps to boost the economy now. Index Capital Gains and attempt to deal for china. Tell me what you think of that. Lets meet our guests for the hour. Fox news conservator lisa booth, founder of turning point usa and host of the charlie kirk show with Apple Podcast and Senior Advisor to the trump 2020 campaign, katrina pearson. Will have such fun. I know it. Always great to see you all. Katrina, start with you. Not just watching the clips there but all these people, trump hating people its like theyre salivating for this recession and actually all they want is to get rid of trump and they think this is the way to do it. Of course they do. Russia failed. Racism failed select right recession. This is where we are. Its nothing new. They been predicting a recession since before President Trump was even elected but remember the geniuses out there in the economic genius theres one in mit said trump wins election stock market will crash. That did not happen. Again, were on to another beer tactic in a hope to press the port for President Trump and it will not happen because the rumors of trump demise are always exaggerated. We know this because consumers bending is up, on implement is down, cheap gas and a growing economy with no inflation. Those are the things that voters vote on, not this arbitrary yield curve theory. Steve i call them economic hypochondriacs. They want to be sick. The kid who does not want to go to school and the parent is like no, youre fine. Ive never seen a group of people want a recession so badly as the establishment media. The bank of america ceo had the best point that you can convince yourself that there is a recession and that is possible that the economy is at a place where Human Behavior can change a couple variable points if you commit yourself things are bad when in reality, the underlining metrics of employment, consumer spending, Small Business startups are as strong as theyve ever been in the history of the country but you have establishment media and elites and some in both parties that are so committed to defeating this president and i think he stands for they would rather have 18 months of recession and getting rid of him. Steve hes the only one honest enough to admit that but of course it wouldnt. Thats whats so sick about it. They are so detached from reality and live these comfortable lives in just as before the 2016 election, they dont care about the lies of the men and women, those benefiting most from what trump has done. Bill gave the game away because he said what he wants is a recession. The easiest way to get President Trump out of the white house but as has been said and it matters because it plays into the markets and plays into employers making decisions do i add or not in terms of bringing in more jobs so all that matters but i think what you pointed out earlier, that the story President Trump need to tell. This election cycle will be different than it was in 2016. 2016 was a change election. Im going to go and we will drain the swamp and change washington dc. Now he has to run on his record. Thats much more difficult to do the running for a changed election. He needs to tell that story and the good news is hes doing a great job on fundraising because they have to use a lot of paid advertising because look at the way the media covers things and its been 90 negative so he will have to go out and tell his story in his own words with paid advertising. Steve other part of this is important. This is its true the economy has been growing for many years. Everyone says the enemies of trump say but the Crucial Point is its much harder keep it going at the end of an expansion than at the beginning but at the beginning your bouncing back and thats what you expect but after ten years its harder. Weve had this incredible performance of so late on an expansion is a tribute to the economic policies but you need to keep it going. You cant just the back and agree with you about messaging but keep the show on the road. Policy is so good barack obama is trying to take credit for. The exponential growth and record highs happened as soon as donald trump won the election. We were going through mediocre metastasis under barack obama. Managing a decline and then trump changed it. To your point, what is the president doing talking about Federal Reserve . Thats important. If you look at the previous years why did the feds start raising Interest Rates when every other bank in this world are lowering them. Its a valid question. Steve keep doing that. Hopefully it will respond but theres a limit to what they can do but it sounds technical but apparently they are discussing it. It would unleash more investment and that makes that positive cycle of jobs and income and growth that we seen in the last couple of years to keep it going. Coming up, huge reaction last week to a discussion on mending our broken society. Dont forget to check out deep dive on fox nation. Heres a clip of last week show on the violence in hollywood. Theres no win in this regard. Especially, when we are looking at the condition of hollywood now. Youve got horrible Box Office Receipts and an industry that is aligned on International Ticket sales at this point. Theres a reason for that. No industry wants to lose their customers and yet it seems very often these days hollywood is, in fact, tried to do that. They are trying to go out of the way to alienate at least half the country. Beep goes off ] now that you have new dr. Scholls massaging gel advanced insoles with softer, bouncier gel waves, youll move over 10 more than before. Dr. Scholls. Born to move. Applebees handcrafted burgers now starting at 7. 99. Now thats eatin good in the neighborhood and this is me now i got Liberty Mutual. They customized my car insurance, so i only pay for what i need. Then i won the lottery, got hair plugs, and started working out. And so can you only pay for what you need. Liberty. Liberty. Liberty. Liberty. You know that look . That life of the party look. Walk it off look. One more mile look. Reply all look. Own your look with fewer lines. Theres only one botox® cosmetic. Its the only one fda approved to temporarily make frown lines, crows feet and forehead lines look better. The effects of botox® cosmetic may spread hours to weeks after injection, causing serious symptoms. Alert your doctor right away as difficulty swallowing, speaking, breathing, eye problems, or muscle weakness may be a sign of a lifethreatening condition. Do not receive botox® cosmetic if you have a skin infection. Side effects may include allergic reactions, injection site pain, headache, eyebrow, eyelid drooping and eyelid swelling. Tell your doctor about your medical history, muscle or nerve conditions, and medications including botulinum toxins as these may increase the risk of serious side effects. So, give that just saw a puppy look and whatever that look is. Look like you with fewer lines. Own your look with the one and only botox® cosmetic. Steve welcome back, we continue our series mending our broken society. We received a huge reaction to last weeks discussion on family breakdown. You often send in ideas here are a few. Love your focus on family and the way to deal with one of those of program with foster grandparents to mentor distressed overwhelmed and especially Single Parents but this could help keep children safe and nurturing homes. Emma howard suggested included neighbors into people who could help in getting to know your neighbors is a lost arthel these days. Here is strong medicine from heretical physics. Good ideas but if you want to help one at a 50 tax on baby makers industry that run similar with deadbeat dads. Make divorce more tougher to get in four, and all government benefits for Single Parents who have another child. Its interesting this topic presented a strong reaction from people because its not something we discuss. It can get personal and sensitive and no one has a perfect life so it feels like we can be lecturing other people but on the other hand, all the evidence points to the fact that family stability is so crucial to these issues whether violence, mental health, Economic Opportunities and those suggestions were practical. Thought they were practical too. This conversation is important as we come up the hill up to mass shootings. There was this interesting oped in the la times and it talked about basically for big keys and signs a seat when theyve gone back and looked at mass shooters throughout certain time periods and one key indicator is some sort of incident happening earlier on in their childhood. Whether going up and home with Domestic Abuse or some type of traumatic incidents that took place but theres also a psychologist as well that said from the 25 at mass shooting found 75 of them come from a broken family to some degree. Other criminal studies have found that not having a father is a big indicator to someone going on in committing crimes. These are things we need to look at it on a personal note, when you go through different challenges and i dont think i couldve gone to the challenge whether losing a best friend or losing a job without that Family Structure in unit to back you up and help rebuild you. My heart breaks for people in the country that dont have that support system. Steve tammy bruce was on last week we talked about it. Both of us came from a broken home and parents put up but we did okay but that should not stop you from trying to help create a culture and society and a set of policies that try to make sure most kids are raised in the right way. That idea about her appearance was a sort of wisdom. I know that all too well but my grandparents were my rock but i think when we look at the system altogether there is another perspective. In a lot of cases people that have intext families dont turn out that great all the time and weve seen that with serial killers in some cases. I dont think the focus should be solely on the family because also a lot of cases family can bring someone down but the problem is parenting. Whether you have an intact family or what you call a broken home its always parenting that is the issue. When you look at the programs like big brothers and big sisters there are five, six year waiting list at times. The problem isnt a family in and of itself but its a parenting aspect. Steve its the way the children are raised. That speaks to the point about the grandparents. Its often tough and not easy. I know as a parent its stressful and tough and so getting that help can be make a big difference. The Nuclear Family has been targeted by the left for the last 50 years. The communities in the worst condition in america have the highest fatherlessness rates, black society in particular it before some 70 of black babies will grow up without knowing their father. 78 . By any definition that the human rights crisis but from a policy perspective why dont we allocate the 509 in plant parenthood to adopt it. Pixar adoption laws, make it easier to adopt it quicker to adopt. There is huge waitlist for adoption with kids in foster homes and the foster system is totally, completely broken. Finally, the left wants government to be your friend. They want government and one nation under government. They dont want the Nuclear Family where your cultural institutions that are the backbone that works but bureaucrat in dc with the most important thing is the life you can see that in the policy with elizabeth warrens plan. Hillary clinton wrote a book about spirit remember when president obama pulled out the life of julia where government controlled you from cradle to grave and thats the vision of the democratic party. A lot happens in communities. When i was young we had father and daughter dances or bring the Community Together and developing and encouraging those types of relationships. Steve we have to go but quickly in side of that abdication of parenting to schools an