tv WSJ at Large With Gerry Baker FOX Business November 21, 2021 9:30am-10:01am EST
"sunday morning futures" live at 10:00 a.m. eastern i have exclusive interviews with senator marsha blackburn doctor atlas and wyoming congressional candidate who is running for liz cheney's seat in wyoming. we hope you will start your day with us weekdays on foxbusiness "mornings with maria". we will do thateekend thank you for having wonderful rest of the weekend we will see you next time. >> this week on "wsj at large with gerry baker" the democrats barely passed their plan even as the cbo calculates it will add significantly to the deficit contradicting the president's claim the cost is zero.
plus is the fbi targeting parents who are unhappy with what their children are being taught in public schools? and the biden administration at last comes up with a plan to deal with inflation but don't hold your breath it seems busy blaming oil companies for raising gas prices the white house rushes to play down suggestions there any tensions at all between joe biden and kamala harris even though behind the scenes it looks like the knives may be out for the vice president. we discussed this and more with our panel the columnist for the hill and the democratic congressman. but first you have read and seen the news over the last few years. rittenhouse is a domestic terrorist and trump is a russian agent. kavanaugh is a rapist. last year's riots were mostly peaceful hunter biden's laptop was a russian intelligence operation and cuomo was the greatest governor.
and trumps postmaster general was stealing mailboxes. these are not obscure conspiracy theories cooked up by an anarchist but consensus headline stories reported by all the mainstream media repeatedly and recirculated by social media and search companies. all of them we know it is true there are forces on the other side the election was dolan via venezuelan operative january 6 was in operation and then there is a different set not that they controlled most of the conversation, they do that millions of americans have already shut out that conversation and don't believe almost anything they see in the mainstream press that the people who control these outlets and who dominate the
big tech companies want to drive it out of circulation anything that does not fit the narrative. the buzzword on the left is believe it or not with no ironing, misinformation. they label as misinformation that anything that they just don't like the memory holding of the hunter biden laptop story before the election that's how information should be judged it would just be ignored but it will if we get their way who are the true purveyors of misinformation in washington this week undaunted by bad polls and setbacks democrats pushed ahead with their big spending plan and
voting to pass the multitrillion dollar build back better plan in the house. on thursday this came just after the cbo which amazes bills and estimates what they will cost. the cbo says biden's plan will add $367 billion to the deficit over a ten-year period so that despite administration insisting the plans were fully paid for. in the past biden said he would abide by cbo guidance but now a strange about-face now the administration seems the estimates can be ignored. >> cbo does not have experience from revenue amounts gain from cracking down on wealthy tax cheats who are taking advantage of every taxpayer. gerry: fighting in the senate it will be heavily rewritten and we will see how that comes out in the next week or two
let's take it up with our pill the hill media columnist t10 and congressional progressive caucus with democratic congressman teethree. thank you for joining us. administration has insisted the bill is paid for the cost we zero cbo seems to disagree now it looks like this will add significantly to the deficit how do you justify that? >> it is paid for. month - - inflation is a monetary phenomenon money chasing too few goods this will not add to inflation we don't have to have any more treasury bonds. the cbo does not account for the tax enforcement larry summers who predicted said that could actually generate more than 400 billion i trust the economist i trust summers they are actually better and that is the discrepancy in the
numbers. gerry: it seems that you are willing to pick and choose who you want to believe. >> no. i understood somers point but i think the working class really needed help and was willing to see an increase in wages to help the working class with the stimulus checks and by the way donald trump and $3 trillion of all the spending so wasn't just joe biden there are three children on —- trillion dollars under trump and that trent had been doing right before so it was just a continuation of the trump policy. gerry: be in heavily in the elections with the virginia governorship they saw setbacks across-the-board the polling numbers are in the basement but they pass the bipartisan infrastructure plan are they getting the message from the american people? >> i'm not sure they are. >> i don't listen to much to it democrats says they have a
job to do and that's to sell it they are trying to achieve the fox news poll six out of ten americans believe the massive spending bills will be paid by people like me just one third think that cost savings or taxes on the wealthy will pay for this i'm not an economist that i did take econ one oh one i am certain if you spend trillions upon trillions and then flood the system that will produce inflation because the dollar just is not worth as much so the cbo once called the gold standard for the gang that can't shoot straight i wonder even if they pass in the senate and the president signed into law if that will still be able to overcome what people are feeling now? what is in these bills people will feel for quite some time but they will feel inflation in the supply chain crisis they do see what's going on at
the border in afghanistan and education. >> it does suggest that your party is not popular right now looking at a defeat of historic proportions at the midterms is this the right track with the radical progressive policies that don't seem to be resonating with voters? >> i don't think it's radical to say every person in the country every ekg go to preschool that the single best investment we can make it on think it's radical to say we are profamily to give every family $300 for their kid and then that means $200 billion per year donald trump spent 3 billion in one year so we have to put this into context and my senses there's a lot of
things in the bill that are very popular. gerry: coming up the whistleblower e-mail shows the fbi is tracking parents unhappy with their children's education and how the attorney education and how the attorney general was not that's the thing about claims, you see. they don't happen on your schedule. i mean, take a chestnut, it doesn't just say “oh, beg pardon, sir, but is now a good time for a jolly bit of window cracking?” i mean, if they did, you wouldn't need a geico claims team that's available 24/7. but, near as i can tell, chestnuts don't talk. or maybe they're just really quiet. geico. your claims team is here for you, 24/7. well, got things to do mr. chestnut, so...
we innovate to outpace cyberthreats. so you can make the next day safer than the one before. we've got next. >> i cannot imagine any circumstance a patriot act would be used any circumstances appearance complaining about their children or circumstance where they would be labeled as domestic terrorism. gerry: turned in by a whistleblower one e-mail is raising questions of the truthfulness of the testimony last month which came one day after the e-mail was written. that fbi personnel had to put a threat tag to parents who are raising concerns about their children's education our parents being targeted as
domestic terrorist quick. >> per the whistleblower that appears to be the case and also talking about virginia and the exit polls are telling a out of ten parents say they should have a say in what their children are taught. and stephanie cutter. and that democrats risk being seen as the anti- period party and until the president and the vice president and members of congress speak up and say this is wrong and we should not be participating in labeling parents as domestic terrorists, that label will stick. gerry: the attorney general expressly said a few weeks ago that this kind of thing was not going on that parents were not being targeted that it looks like they are. >> maybe clear abs parents should actually be involved with their kids are learning i
want to be involved as a parent every kid in this country should grow up to be proud to be american and understand externally good things our country has done for the world of course they should not have an understanding also of our drawbacks and feelings that grow up with pride so those messages and of course periods are not domestic terrorist but everyone would agree that if there are actual threats of violence that those need to be investigated and we must have law and order in the school version of the violence in the schools. >> not all democrats believe that because mccullough said i don't believe that parents should have a say in their child's education and that really stuck in a situation as it pertains to critical race theory which is the opposite of martin luther king to judge people by the content of their character not that color of their skin and crt is the
opposite. gerry: a lot of people would be pleased to hear that that seems to be at odds with the critical race theory teaching and what the democrats and progressives believe. of course along with being taught american history that somehow america is fundamentally a racist terrible society and people should be judged by the color of their skin that you disagree? >> i was born in philadelphia 1976 i am a bicentennial baby my parents are immigrants from india at the age of 40 the country elected me to represent silicon valley i believe in the american story and the genius of our founding and principles we become the first multiracial democracy in the world. i believe in an honest accounting. with the challenges of jim crow that i went every person to know america is an extraordinary place and every kid to feel proud is not a
partisan issue that is factual. gerry: that is good to hear and i very much agree with you but i still wonder if maybe your colleagues especially the progressive caucus are completely on board. after the break as consumer and other prices are soaring the president is passing the buck on inflation but who is he blaming? when it comes to autism, finding the right words can be tough.
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keeping gas prices high is this another attempt by the biden administration to deflect attention from the economic failures let's ask our panel. congressman, inflation is at its highest level for 30 years. gas prices are surging energy prices are surging the biden administration is restricting supply to cut back on domestic oil production. this is just a scapegoating exercise asking the ftc to blame energy companies? >> no. let me acknowledge that gas prices are high. i was back on in california gas prices were almost five dollars a gallon. and then to have a ban on us exporting crude oil and then
to have the ftc to look into it. this is a common thing that presidents do is have the ftc look into price manipulation. gerry: you feel there's price gouging right now? >> i don't know. i don't want to pre- judge or attack without the facts. the ftc listing is appropriate but we have to do more than that. and then to supply that to america and with a strategic petroleum reserve and you know this. they made the decision when oil was 22 or 30 bucks the barrel even producing i would not do anything for the current supplies let's talk about what we can do to increase the temporary ban on oil exports. >> at least they are acknowledging they have a problem with inflation facing the most expensive
thanksgiving ever this is not really addressing the problem. >> . >> it does exist but it is because it is covid or all of these other factors. the white house has a messaging problem and i watched jennifer granholm last week energy secretary on with bloomberg and about rising gas prices she laffer for our fives seconds and she says i don't have a magic want to fix this problem. so in terms of perception if you close a piece on —- the keystone pipeline five minutes after taking office and you explore may be closing a pipeline with michigan it looks like you are not doing anything to fix the problem. gerry: one more quick break but kamala harris continues to
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this was her response. >> you don't feel misused or underused? >> no. i don't. i am very excited about the work that we have accomplished but i am also absolutely clear i there is a lot more to do and we will get it done. gerry: a dismal 20 percent approval rating for the vice president that is a historic low talking about this with our panel, there were reports this week well sourced reports by another network that kamala harris people are not happy she is being ignored or sidelined. do you think he has buyers remorse about his pick? >> i do not i can just speak from my experience she has reached out to the hill and has been an indispensable part of the strategy.
gerry: there are real concerns about her performance given biden's age there must be concerns whether or not she is fit for the job. >> because joe biden would be in his eighties if you went for reelection and the thought process among many in washington that the baton be passed to kamala harris to a next generation of democrats she would be your 47th president but then pulling at 20 percent now suddenly that plan does not look so good. the denials bothered me in terms of what the press secretary said she blamed gender and race for the low polling numbers i remove all the noise i just want to look at performance and on the border her number one job she is pulling at 23 percent we are looking at 2 million migrants passing into this country illegally this year alone and when that happens and you have a vice president who is absentee addressing the problem that is what she will
be judged on. >> . gerry: when joe biden had his physical undergoing anesthetic she was actually in charge. so very quickly, finally they tend to see all criticism as sexist or racist. is that fair quick. >> of course gender and race play a role but what are we delivering one —- delivering on the border we have to be clear we are a nation of borders and make sure that we respect while being a humane country and i he can move beyond politics. >> i'm just happy that congressman is on. i analyze media. he comes on fox a lot and a lot of democrats won't and he
makes very sober arguments. it's great to have joe and row here. thank you. >> thank you very much we are grateful to have you. >> my pleasure i appreciate the opportunity. gerry: will be back next week with more interviews next week on "wsj at large" with gerry baker thank you for joining us. >> welcome to barron's roundtable we get behind the headlines and prepare you for the week ahead. i am jack otter covid booster shots gaining approval from vaccinated adults in the us pfizer ceo joins us with his pandemic outlook and the latest on the company's covid-19 treatment pill