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tv   Your World With Neil Cavuto  FOX News  October 28, 2021 1:00pm-2:00pm PDT

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it was an election year. i sat down with the authors, one of those is reed, my son and his buddy, john mahoney. we had a great conversation. don't miss that. head to foxnewspodcast.com. a great christmas present. thanks for being with us. check that out. a great day today, october 28. we'll be back here tomorrow. see you then. >> neil: just call it a frame work in progress. man, oh, man, is it ever an expensive frame work. we're told probably 1.75 trillion. probably closer to 1.85 trillion. but who is counting? what we do know right now is they're not in total agreement on this. among the goodies packed into this, $400 billion for child care and preschool, $150 billion for the older population, $200 bill in child tax, earned income
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tax credits. some of those could be phased out. the plan includes a half trillion for clean energy related spending, $130 billion to help shore up the affordable care act, $150 billion on housing and then other investments that total close to $90 billion. when it comes to paying for this, a 15% minimum tax on companies, about $350 billion coming from companies that move their jobs overseas. no details on how they will police that. another $400 billion to help the irs close the so-called tax gap and make sure those that are dodging taxes do not. there's other loop holes that could call for $250 billion worth trying to close them. we've been that way before. is this the measure to finally get it done now? welcome, everybody. i'm neil cavuto. this is "your world," this is a divided world among moderates
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that think that about 1 3/4 trillion is about right. progressives say it's about half of what they think would be remotely right. no indications as yet as to whether bernie sanders is going along with any of this. all of this as the president is on his way to rome with a message before he left, get it done. will it get done? the latest on chad pergram from capitol hill. chad? >> good afternoon, neil. the text of the social spending bill is out. it's several thousand pages. it will take days for members to process. we know family leave is out. we know the bill includes $550 billion to cut carbon emissions by 2030. but this is not the final text. it will be updated. >> i want to see the text. the text is up. the text is up for review, for consideration for review. people will then say this should be this way or clarification or addition, subtraction, whatever it is. this is the legislative process.
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>> house speaker nancy pelosi was noncommittal on when the house would vote on the social spending plan. she was even more cryptic when pressed if the house could vote on the infrastructure bill tonight. >> are you holding a infrastructure vote today? have you made that decision? >> are you holding a infrastructure vote today? >> that sounds like a no if you're not going to say yes. >> progressives said they would hold the infrastructure bill hostage unless they got bill text. liberals are leery. >> so many changes in this process. so many people, you know, yes, no. doing the hokey pokey. >> doesn't have to be legislative text. could be hand shakes, those types of assurances?
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>> we need something a little bit more than just something on the back of an envelope. >> democrats with only lose three members and still pass the infrastructure bill without gop help. kevin mccarthy doubted that many of his members would vote yes. neil? >> neil: all right. thank you very much for that. we'll be waiting for updates. the president, of course, is heading to rome, which is where you'll find peter doocy. before he left, it's do it for the gipper. let's get it done. so he put out all the stops. now the question is whether they will deliver the goods, right? >> yes. a really interesting thing to add on to why president biden was in such a hurry to get things done before he left for rome. he's been claiming for weeks that fellow world leaders reach out to him asking him in the united states can get anything done in congress. he left without congress getting anything done to advance his
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agenda. at least firmly. that's even though he started with a spring in his step. >> what is your message to progressives that don't manchin and sinema? >> is everybody on board? >> everybody is on board. aren't you? >> the president said what happens with votes in congress in the next week could define his legacy. a legacy that today he has tried to shape the most as a statesman. he brags about knowing many world leaders for many years. the things he plans to push in rome at the g-20, a new global minimum tax for corporations, a plan to resume nuclear talks with iran and addressing the broken supply chains. he said russia is not coming and neither america's top competitor, china. >> i think you'll see the u.s. and europe front and center as we deal with the fact that neither the leaders of russia or
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china will be present in the room in rome. so that dynamic will be interesting to watch unfold. >> president biden is not said to be here for another couple hours. the heads of a group representing vatican reporters and a group representing white house reporters are already saying they're disappointed that he's not going to bring press in with him to a meeting tomorrow with pope francis. that is a break with tradition. neil? >> neil: very interesting, peter doocy. thanks very much. so what is the status of this? particularly among moderate members right now that did get the price tag down if you consider 1.75 trillion a lean mean package. but there's still division among the so-called moderates and the progressives that want more. representative raj here, the illinois congressman and democrat with us. very good to have you. we don't know a lot about the
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ever-changing details. we know enough that it is closer to what moderates wanted. is it closer to what you wanted? >> yes, i think it's a very good bill. i absolutely need that physical infrastructure bill to get signed into law. we have roads, bridges, airports and other needs that need to be addressed in illinois. this additional bill, we're calling the build back better act has key provisions that will help employers and employees and families. so for instance, you know, i helped to craft a measure to invest in work force development. as you know, i have worked with republicans over the years to put money into skills-based education and vocational education which have been ignored for many, many years. now this puts additional resources in there and that
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helps to address a severe labor shortage, which our employers have. similarly a lot of moms have dropped out of the work force because they can't get access to child care. so this invests in helping to make sure that those moms, those working moms, can go back to work and their children are cared for even as we are trying to get more goods and services produced and we're trying to deal with shortages of those, so. >> neil: so the way it's paid for includes, among other things, ultimately raising the top rate to about 45%. if you include all sur taxes. if you include extending the 3.8 percent medicare tax, we're looking at a top rate close to 50%. do you think at that point, congressman, the rich are then paying their fair share at 50%? >> well, as i understand it's,
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there's a sur tax for people earning more than $10 million. where the bulk of the money in this package will come from is, for instance, corporations that are paying nothing currently. my republican and my democratic -- >> neil: you're referring to the 15% minimum tax so that that is not dodged. >> yes, sir. >> neil: you think that is disproportionately held with companies and high network individuals that are now responsible for paying for virtually all of this? >> well, i think there's a lot of folks that are not paying anything right now. as i was going to say, my constituents, whether republicans, democrats or independents believe that everybody should pay something under the federal tax code if they are -- >> neil: congressman, more than half of the american people are not paying any taxes at all. they might have good reasons for some of them, but this goes
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disproportionate on the well-to-do to get this bill. so when your party talks about fair share for the upper income, i get that but there's a whole swath of americans that are not paying anything in federal income taxes. >> remember, i think you might be referring to some people that are earning so little that it's very challenging for them to pay. so they get tax credits or under the tax code -- >> neil: i understand that. i'm not talking about that at all. i understand payroll taxes and all that. i guess going forward when the president indicated and tried to ease progressives' concern that not enough is being addressed to look at other provisions that they since dumped. if there's more spending following this, will it be along the same lines and paid for the same way? >> the short answer is i don't know. right now what we have before us is this bill. i think that everybody is trying to get their arms around it. i'm hopeful and i think that,
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again, you know, when i talk to my constituents and i represent a very diverse set of people, whether it's small businesses or otherwise, they're supportive of these types of tax provisions. >> neil: so very quickly, congressman, you're for two separate votes. you want the infrastructure vote, the original one, that had 19 republicans voting for it in the senate. you want this and separately address this. progressives that want the two merged. where are you on that? >> i don't think they will be merged. i think there's two separate votes. i don't know how and when those -- that second vote will happen with regard to the building back better act. i think the physical infrastructure vote i'm hoping is going to happen today and i plan to vote for it. i think a lot of people will vote for it. i could use some republicans -- we could use some republicans supporting that as well. i hope that minority leader
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mccarthy leader does not whip against the physical infrastructure bill. so it's crucial for our businesses and families and others that we have as many people voting for it today as possible. >> neil: all right. we'll look at the timeline and see if it's doable. thanks, raja. same here. thanks, sir. >> neil: republican senator tim scott was telling me on fox business, which if you don't get you should demand, because you missed an intriguing point about the trust factor involved in this spending process and whether the president has been level with the american people. this is from senator scott. >> i do think there's a loss of trust between the biden administration and the bipartisan coalition that supported the infrastructure package. early on, you heard they were two separate votes and fused together and not and then they are again that confusion --
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>> neil: can you explain that to me, senator? i talked to a producer. have they indeed been put back together? that wouldn't negate the need to vote on a infrastructure-only package today. i would imagine democrats would have a problem with that as well, wouldn't they? >> the progressives have said that they're not willing to move forward unless it's in one. so what they've been discussing the last several days is whether or not having a vote now with the promise in the future of fusing the two together. some in the democratic party say you have to have both votes together, which means the consensus for one is a prerequisite for the first vote. in my opinion and those shared by most people on both sides of the aisle that is bringing those two back together. the lack of confidence in transparency in this process should be concerning to every single american. a infrastructure package that spends less than 10% of the overall resources on roads and
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bridges over the next five years should be concerning. we're back to the days where you have to pass the legislation to know what is in it. that's bad news for every single american. it feels like the great america shakedown, especially as we move to the larger problematic package. >> neil: what is interesting on it's, senator, the president has been saying that economists say this is all paid for, don't have to worry. how would he know that? this is different than what was originally talked about? a, it's half the price. more revenues and thought than was the case. it's different than anything before. we don't even know what this final package is. so where is he getting that information? >> well, out of thin air, to be honest with you. there's no way in the world you can call this package paid for. not only is it not paid for but he says it costs nothing.
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so costing nothing and being paid for means taking more money out of the pockets of working americans. on top of the already negative impact of inflation for many americans well-below $400,000. the gas prices have gone from $1.99 in december to $3.23 when i filled in charleston this past monday. so on top of that, we'll see a 1.75 trillion package that is paid for by higher taxes. >> neil: surprisingly, not a fan of this democratic only package being cooked up. before we go to break here, we're in the middle of corporate earnings i'm too. amazon just out with numbers. unless i'm missing something on the revenue front, amazon stock is dropping close to 5% right now on some very dismal fourth
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quarter guidance. in fact, telegraphing maybe a tough christmas in terms of activity at the online retailer. amazon surprising on the down side. this flies in the face of other earnings that we've been getting that have been better than expected and not warning or telegraphing problems. all the major market averages were up ahead of this including nasdaq where amazon resides. the nasdaq in fact finished at a record. stay with us. you're watching "your world." they customize my car insurance, so i only pay for what i need. how about a throwback? you got it. ♪ liberty, liberty - liberty, liberty ♪ uh, i'll settle for something i can dance to. ♪ liberty, liberty, liberty, liberty ♪ ♪ ♪ only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ ♪ ♪ this is going to be fun. we're gonna string some lights.
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>> i have a message for you as chevron's ceo. you made $29 million last year and poisoned the planet. >> one of my colleagues said we have 11 years left to save the planet. >> are you committed to lowering production? >> the issue, mr. chairman -- >> it's yes or no. if you reduce production, at the same time the president of the united states is begging opec to increase production. it's the dumbest thing i've ever heard. >> neil: maybe just me in the panel discussion about climate change, not much discussion about, well, gas prices changing. that has been stark. most americans see it every day when they go to fill up their tank if they can afford that. so hillary vaughn on capitol
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hill, what came of this meeting today? >> well, neil, there was not a lot of talk about what average americans are worried about, which is rising costs. that's not way the ceos were dragged to the hill. they didn't talk about rising energy prices, which is something that americans are keeping their eye on, heating oil, propane, electric, they're all going to be more expensive this winter. instead of addressing the cold winter for americans and what could could do about it, democrats instead turned their focus to global warming. congress woman aoc grilled ceos about how involved they have been in lobbying efforts to trial to stop the clean climate green energy reconciliation package that progressives have been working on saying that she thinks that what gets lost in these conversations is that they have to live in the future and
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essentially these oil companies are setting the world on fire. but they also did hear from an ex-keystone pipeline worker that lost his job days after the president took his job and made his first order of business to cancelled the keystone pipeline. he says he's a casualty of the build back better agenda. >> three hours after the president's inauguration, i lost my job on the construction of the keystone pipeline. my crisis is not the climate. my crisis is the mortgage payments i have due every month, the food on my table and it's the healthcare i need to provide to my family. instead of demonizing the ceos and presidents that are here today, i would like to thank them for the opportunity that they provided me. >> neil, the big message we heard from crabtree but every day americans around the
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country. they're concerned what is happening to them today right now. it's the rising energy prices and the rising gas prices. again, when the committee had an opportunity to talk about this issue and really try to come up with some solutions, not really any solutions came out of that. neil? >> neil: no, more talk about the climate, the nasty price climate. thanks very much. hillary vaughn in washington on that. an old line that when life gives you lemons, make lemonade. it appears there's a new view championed on inflation right now that maybe it's not so bad. this proves it. take a look. >> we also anticipated that there could be increases as the economy was turning back on. >> i have 17 nobel prize winners
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that said this would reduce inflation. >> it's cut in half because people are buying more goods, because people are traveling and because demand is up. >> neil: all right. so this inflation thing is not bad news. there's something with what the white house is saying that we came from an economy in park a year ago and all of a sudden any pickup in activity, the difference can be startling. that did lead to an uptick in prices as well. but that's now exceeding the wage gains americans are experiencing because wages are going up. unfortunately they're being warped by the cost of things that are going up faster to gary kaltbaum on this argument that inflation isn't that big of a deal. i think that's what they're saying, gary. what do you through? >> tell that to aunts mary and uncle bob. i'll give them the fact that we're coming out of the pandemic. but you know, i'm not going to go all howard berg on you and
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speed read. i have a things here of 6,000 products that use petroleum products, petroleum to make them including solar panels. when i see conagra and general mills and these companies saying we can't afford to not raise prices, that is higher prices to the consumer. if this persists, consumer spending will come down because they'll have less to buy and we're going to get a lot -- we're seeing a lot of shrink-flation. i'd be upset if yodels were not in a ten pack but a nine pack. >> neil: yeah, inflation stopped when people stop paying the higher prices. mcdonald's, kraft, chipotle, they like what they're seeing because they're easily passing
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along the increases because people may be with improved balance sheets, better financial picture are paying it. that can be a short live phenomenon. there's a point that they say no mass. we're not there yet. when will we be? >> that's where the world persist comes in. the longer it stays this way and if it worsens, the tougher it will be. neil, when you see things like gas prices up 110% from a year ago, we're talking about $100 billion out of consumer's pockets. that is on filling up the gas tank. you're also seeing it in copper and aluminum and coffee and cotton and everything that moves, every hinge that goes into production of anything is going up and gets passed through. if it gets in the system, you end up with hoarding. if you end up with hoarding, you have a vicious cycle of shortages and that feeds on itself. i don't know if we're there yet
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where automatically prices go up and people and businesses worry. if i don't buy the heck out of something today, i'll buy higher tomorrow. if we get to that point, that's when you get into a spiralling effect. if they to nothing about this or think everything is a-okay, we'll get there and it will not be fun. >> neil: all right. my ceiling on the ring ding thing is $50. over that, game over. thanks very much. gary kaltbaum following this. we told you about the big spending plans in washington but not a penny toward anything happening on the border and particularly the caravans coming our way at the border after this.
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>> neil: no sooner than an fda panel said it's okay for kids to get the pfizer vaccine shots, california is ready to started administering 1.2 million of them soon.
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after this.
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>> neil: all right. we're getting word right now the migrant caravan making its way up through mexico and central america has doubled in size to close to 4,000 all trying to make their way to the border. rodney scott, a former border patrol chief in the trump and biden administration. very good to have you, chief. thank you for taking the time. do we know what mexico is doing as a caravan like this or a large group and there's various size groups all the time that coalesce. what is mexico doing when such groups gather and keep moving north? >> thank you for having me on, neil. the answer varies what the governor does is proportionate to what the u.s. asks mexico to do and the pressure that we put
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on them to help us out. as we saw in the last administration, mexico is capable of stepping up and forcing their own immigration laws and helping create what we call then a regional safety. but without pressure, there's not a reason for them to do that. so what we're seeing today in my opinion is just semantics. they have a show of force but clearly not trying to slow this down in any meaningful way. >> neil: yeah, the video i've seen, i don't want to take it out of context but seems like they're like keep walking, there's no effort here. we're not going to slow it or stop it, which explains why we've been seeing a doubling in the size of it. do you know whether we made an effort to help mexico get a handle on this or control it? >> so i retired in august. so i've not been part of the direct conversations currently. from my experience, i don't
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believe we are. when we've been serious and border security during my time, mexico is willing to step up and help us. if we're not willing to hold up our end and release people and no consequence, the questions from my counter parts in mexico why should we do the work if you're not doing the end game. this administration is not clearly willing to do the end game and enforce the laws of the united states. >> neil: if you look at the latest package, very little devoted to what is happening at the border. i'm wondering is it a money problem, is it a commitment problem? obviously it's a resource issue when you're dealing with these types of crowds. where are we going with it? >> so it's a commitment problem, neil, this is what it comes down to. i heard you say earlier we're not spending any money. we're spending millions and millions of tax dollars on the border. instead of building a barrier and providing the technology to the agents that has been paid
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for by the american taxpayers, we're paying contractors to sit there and stare at it. we're not finishing the projects. instead of paying for overtime, instead of paying for enforcement, we're paying nongovernmental organizations to fly illegals around the country after they have been processed. we're encouraging people to grab any kid they can they know it's a free ticket into the u.s. if you just answer a couple of simply questions and get past the first step of the asylum claim. this is a problem. >> neil: i might have been confused here. i meant to say there's no new monies involved in this latest spending package for the border. that's what i meant. you raise a number of good points. thank you for taking the time, chief. it's worrisome. this latest crowd has doubled in size. some don't look at it as a big deal. when you go from something that started 250 people, 500, 2,000,
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4,000, it begins to get attention. other things getting attention right now, earnings season. we talked about how amazon disappoint add while ago. telegraphing how things will go this holiday season. two words, not well. apple missing expectations here. no comment to what they're looking forward to this christmas season. it too is a disappointment in the initial read. stay with us. more after this. (sfx: video game vehicle noises, horns beeping,) (engines revving, cars hitting one another.) (sfx: continued vehicle calamity.) just think, he'll be driving for real soon. every new chevy equinox comes standard with chevy safety assist, including automatic emergency braking. find new peace of mind. find new roads. chevrolet. what makes new salonpas arthritis gel so good for arthritis pain?
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manchin. democrat chris coons says everyone is on board. >> you're the reporter, you interview them. you get what comment you can. i think this is trying to find some reason for not believing that the president has accomplished a frame work that i think moves us forward in a significant way. >> liberals are skeptical of manchin and krysten sinema. there could be several hundred updates, like not getting everything you wanted under the true but you could with a manager's amendment. so the big text will likely evolve and that's why even though we have bill text, this is still just a frame work. neil? >> chad, thanks for that. add apple to the mix of companies of disappointing sales of earnings numbers. its stock falling about 4% after
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hours. susan li has more on what happened. susan? >> i just got off the phone with tim cook on earnings. despite a report september, the world's biggest company is not immune to the supply chain crisis and the chip shortage. tim cook saying in reference to that strong performance in that quarter, it was despite larger than expected supply constraints which we estimate to be around $6 billion, restraint of chip shortages and covid disrupted manufacturing in southeast asia. we got rare guidance from apple, something that they have not been doing during the covid era. tim cook says the december quarter will be an all-time high. bring up the quote for you. best quarter ever, but here's the big but. we expect supply constraints to be greater than the september quarter. there's longer wait times for
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the iphone 13 and that's part of the constraint that we've been talking about. when i asked him about the outlook for the u.s. economy, this is very telling. tim cook says that i don't know right now is a real answer to that. i want to be optimistic but it's a little unclear to me where it's going. so if the world's biggest company, which probably has the most pricing control over its suppliers,makes its own chips and, if they're being impacts and it will get worse, every company is feeling the same pain right now. >> what is odd about it, susan, until we heard from amazon and apple, it's steady as we go through most of the earnings through the third quarter with very few companies reporting or telegraphing, you know, nightmarish possibilities. these two guys and they're huge saying yeah, big problems. it's interesting.
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>> what you say when you're $2 trillion in value, you have a pretty high lofty expectations placed on you by wall street and the markets. if you dive deeper into the apple numbers, i mean, $84 billion in sales in three months, $20 billion in record profit and still selling a lot of iphone 13s and a lot of cash, $13 bill. >> they say they make more off of their app businesses. >> it's incredible. >> keep the pods in your ear though. they always fall out amount separate issue. susan, thanks very much. susan li on all of those developments. meantime, getting your kids vaccinated. no sooner that we got word that an fda panel said it's okay to
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go with pfizer, we're already getting california going ahead with pfizer. and getting kids vaccinated. what about you? what about your kid? after this. ♪ darling, i, i can't get enough of your love babe♪ ♪girl, i don't know, i don't know,♪ ♪i don't know why i can't get♪ applebee's. now that's eatin' good in the neighborhood. hello, for the last few years, i've been a little obsessed applebee's. with chasing the big idaho potato truck.
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>> neil: man, that didn't take long. california is already setting up
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as we speak 4,000 sites to administer 1.2 million covid shots to kids after an fda panel gave pfizer the go-ahead for kids 5-11 years old. some thoughts from dr. kevin campbell, cardiologist. good to have you, doctor. >> thanks for having me. >> neil: what do you make of this? >> it's great that the fda panel cleared this vaccine for kids. the things to know about this, there was more research done on this vaccine than a lot of the other vaccines that we routinely administer over decades now. i feel very good about the safety and efficacy of this vaccine. >> neil: i know moderna has one as well. but there's parents that are leery of vaccinating their kids. what would you tell them? >> you know, i'd certainly
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understand that. our children are precious. we need to give them every advantage. take to your healthcare provider, your pediatrician that you trust with your child. get their advice. i'd say get the shot. i'd give it to my child based on the evidence. it certainly saves lives and the risk is minimal. >> neil: a lot has been made, doctor, of mandates in new york, firefighters are complaining about this they have to be vaccinated. as it turns out, 7 out of 10 of them are. no loop holes for anyone. the others have to go if they don't. what do you think of those types of policies? >> you know, i think mandates, when used properly can be hopeful and motivating people to get vaccinated. however, we're a free country and we have the right to choose. i certainly support choice. however, there has to be an alternative. de blasio in one week said
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everybody has to be vaccinated and he has no option for weekly or daily testing. i think we have to balance these mandates with protecting our right to choose. >> neil: yeah, even at fox we have a policy where, you know, if you show us your vaccination status or get regularly tested. but there doesn't seem to be much flexibility in some of these other positions. i'm wondering if they're hurting more than helping people. people say hell no, i won't get vaccinated. >> you know, i think it does create a lot of push back. people say i don't want my individual rights being tread on, so i'm not going to do it. also, i think from a patient and someone living in new york city standpoint, i think it's very difficult. i think you're going to see shortages of police and firefighters and ambulances. so ultimately it's all of us who suffer at the ends of a mandate
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provided by the mayor. >> neil: i have a break-through case. i tested positive for covid. i have extenuating circumstances. so i'm told that immunocompromised individuals make up half of these break-through cases. yet i heard from a lot of people saying proof this is the vaccine is a joke. it's failing people. how do you answer that? i said no, it isn't. i just gave you that data. no, people just will not hear it. >> you know, that's a fallacy. i think that that is absolutely not true. the reason that there's a predominance of elderly and immunocompromised folks getting break-through cases is because their immune system as not as robust as healthier younger folks. that's why. has nothing to do with the vaccine not working. you probably heard the buzz there could be a fourth covid shot down the line for those that are immunocompromised.
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it's an evolving science. however, the vaccine works. there's tons of data to suggest it. >> neil: okay. thanks for reminding me i'm not young. good seeing you, my friend. >> good to see you. >> neil: i always take things the wrong way. thanks, doctor. meantime, the latest on the two important contests. everybody focuses on virginia. see what'sng on in new jersey? after this. as soon as i get back to the office. hey, i can help you do that right now. high thryv! thryv? yep. i'm the all-in-one management software built for small business. high thryv! help me with scheduling? sure thing. up top. high thryv! payments? high thryv! promotions? high thryv! email marketing? almost there, hold on. wait for it. high thryv! manage my customer list? can do. will do. high thryv! post on social media? hash-tag high thryv my friend! get a free demo at thryv.com. ♪ ♪ moving is endless, hash-tagwant some water? my friend! what? this is yours.
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>> neil: i know everyone is focused on the race in virginia. but this is a reading among independent voters in the garden state. overwhelmingly have been given a double digit lead to the incumbent governor, phil murphy. now it's about dead even. what to make of that. john bussey, fox news correspondent and wall street editor. he knows it all. john, it would be a herculean leap for a republican to win in new jersey. but it has been done. a number of republicans have always been re-elected. not so democrats. what are we to make of this situation right now? >> yeah, well, you just described neck and neck for independent voters. but it is the bluest of blue
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states. murphy is still leading by 11 points, which is a pretty healthy lead. it's come down, tightened some in the last few months. a few debates, other issues. there's the effect of biden's approval ratings dropping after the afghanistan withdrawal and after -- during this log jam in washington. murphy is still ahead. i don't think there's a question about new jersey. i think attention really is on virginia. nor good reason. swing state. neck and neck race. lots of issues that voters are going to be thinking about in the next year in the run up to the mid-terms. this is -- sort of a test for the democrats and republicans of issues that will resonate in the mid-terms in 2022. >> neil: it's interesting when you talk to both states voters and you're right, there's another poll out a week ago that showed five or six-point game
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between murphy and the republican challenger. you're right. nothing like the nearly 30 point lead he had in the summer. the issue that keeps coming up is the economy and inflation and taxes. particularly in new jersey. i'm wondering, regardless of what happens tuesday, if this spending package democrats are working on now could help them or hurt them. what do you think? >> so the possibility of additional spending cuts both ways, doesn't it? it would be a victory for biden and the democrats want to get this done by november 2 before these elections take place to show that yeah, they really can make things happen in washington. they view that as a potential boost in the virginia and the new jersey races. on the other hand, we've had a fair amount of spending. the spending has corrected to the disjunction of demand and supply. lots of demand.
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logistically log jam supply. a lot of that spending will be out over years. you have a lot of people coming off of extended unemployment benefits as well that will be bolstering the employment base and that will bring down labor costs. >> neil: all right. too soon to tell. john bussey, thanks very much. that will do it here. we'll keep you updated on those races. >> greg: hi, i'll greg gutfeld, herald dough, jesse water and evil shannon bream. "the five." president biden begging democrats to save his rear end before jetting off to europe to cede the pope. joe telling dems behind closed doors to pass his massive spending plan or it's presidency is toast.
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