tv The Evening Edit FOX Business March 4, 2021 10:00pm-11:00pm EST
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the expense of a lot of little guys t was going in the opposite direction before the pandemic by the way. tyler, thank you very much for coming in, appreciate it. that is it for "fox business tonight." we're glad you liz: tonight the reality check in america lawmakers hitting back saying what he talking about where's your comment is quite you want lockdowns forever? also democrats are slamming reopenings that are dropping mask mandate but less than 1% of the democrats $1.9 trillion covid bill reportedly goes to vaccines and democrats are leading border crossers with covid-19 and unchecked. new yorkers are saying why did we follow governor cuomo's rules at all given how many senior citizens died in nursing homes because of cuomo's orders. joining us on the show gop
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budget committee congressman jason smith plus marked danos along with michael mcguire. tom del beccaro and mark dannel's and fort mcconnell. the buy demonstrations that have lined up the border crisis and legal border crossers are jamming into shelters for the shelters are at the breaking point. morant president biden calling it neanderthal to lift mask mandate. lawmakers fired back saying it's it neanderthal for you mr. president to release illegal immigrants with covid-19 the u.s.. if you america is a humanitarian country but you're putting the health system at the breaking point. beto o'rourke claiming texas and mississippi lifting mask mandate quote is literally up-ending civilization? big voc stores keeping their cool, keep in their mask mandate.
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texas tell them wear them in dozens of national guard chips find an extended stay in washington d.c. getting violently ill many of them hospitalized. why? they are being served raw uncooked food even finding metal shavings in their meals. house speaker nancy pelosi setting that aside today saying the national guard will remain at the capitol as long as they are needed. no one knows what that means. where the goalposts here and why are they constantly being moved and families of seniors who died in nursing homes are sitting up and taking notice of what's going on in her own home states. seeing what happened in new york. new yorkers demand justice over governor cuomo's actions led early blame for killing senior citizens but energy secretary jennifer granholm dismissively telling coalminers go find jobs quote mining materials that go at things like lithium batteries. there's a problem with that.
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plus dr. fauci trying to undercut florida governor ron desantis saying governor desantis is wrong in reopening for dr. fauci not explaining why he's attacking him. this is critics point out dr. fauci is has a track record in the media flip-flopping over and over again. thanks for joining us imap elizabeth macdonald and "the evening edit" starts right now. welcome to the show. let's get right at it. look who's back with us now house budget ranking member one of the show's favorites congressman jason smith or congressman your take on the action in the senate today the vice president had to break a tie to push forward debate on president biden's nearly 2 trillion-dollar covid rescue package? >> it's just sewing they are having to did use everything they possibly can to get the
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progressive wishlist pass. what i refer to as the biden bailout bill. what's going on down the united states senate you are seeing they are literally going to read the entire 600 page bill out loud so americans can actually hear it directly what's in it. i'm sure most of those senators haven't read the bill and they don't know what's in it and after they find out what's in it they won't want to support it. liz: so it's a nancy pelosi moment on obama carey hart to pass it to find out what's in it because you know it's being called the democrat boondoggle. can you tell us what is and that? >> i will tell you less than 9% of all the spending of the $1.9 trillion's actually goes to health care spending were shots in people's arms. out of the $130 billion that is in it to open up schools less than 5% is used this coming
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year. if you take out the checks that will go directly to the hard-working americans that needed almost half of that money is not spent until the year 22 are after. to disaster. this bill is the wrong plan at the wrong time for all the wrong reasons and the mayor clearly passing a blue state bailout. liz: yes and that's a we are hearing less than 1% is going towards vaccines. senator john kennedy had a lot to say about this. less listen to senator john kennedy. >> this bill is dreadful. the only way i know how to improve it is with the shredder. it's not even the coronavirus bill. calling this a coronavirus bill is like calling harvey weinstein of feminist. it is chock-full of spending poured in, billions of dollars to states and local governments
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have seen their revenues go up and billions of dollars two programs, billions of dollars to schools with no requirement to stay open. it's an of porn and using the so-called coronavirus bill as an excuse to fund pork is like a living and natural disaster. liz: how does this play with voters? >> a disaster. senator kennedy has a way with words but those words are so accurate in describing this bill. full of pork. it's full of projects and items to reward president biden, pelosi and schumer, their donors, their allies. if you look at the formula that they just recently changed and how to allocate the money to the state and local government it will add an additional $5.4 billion to the state of
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california and a $2.1 billion for the state of new york. here are warning their friends and allies would guess to represent california? pelosi and guess to represent new york, schumer. they are doing it for a reason. liz: congressman smith is great to have you on. thanks very infected let's bring in a gop strategist and attorney fort mcconnell. we have news coming in right now. the chief executive officer of the parent company of "cnn" is jason kyler says covid-19 pandemic quote is really good for ratings. he regrets saying that. your reaction? >> i think profiteering off of suffering and what's going on during the pandemic issuing full to openly admitted to say that these are real people's lives and we will get them in dollars and cents for ratings is really bad. i'm glad he is trying to pull it
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back. liz: let's move onto this arkansas may soon join texas and mississippi in lifting mask mandate in those days are saying to wear the mask but it shouldn't be cemented in law. alabama will take another month. we have democrats beto o'rourke going hysterical on "msnbc" saying states like texas or up-ending civilization the texas gop is a cult of death sacrificing the lives of texans. before the big box stores or sing like home depot kroger are saying still wear the mask but use common sense. your reaction to beto o'rourke here? >> beto o'rourke is way off the reservation and to your point with texas governor greg abbott said we aren't going to have a statewide max -- mask mandate in businesses can enforce another customers and employees but let's be clear 17 states currently do not have a statewide mask mandate including my home state of florida.
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we never had one and we are doing the best when it comes to minimizing deaths and maximizing openness. florida and texas are showing the way that you can open up safely in data and science it's a good idea to do it. liz: florida's covid-19 death rate per-capita is lower than the national average. let me ask you about texas senator john cornyn what he said about president biden calling texas and mississippi nanda for all -- knee and a crawl for lifting the mask mandate. >> because of the challenge and not a crisis dismantling our immigration laws and protections to protect our border and so i don't think he has a lot to say about reaching to my state about how we have handled this covid-19 virus. part of that problem is senator scott another set pointed out as many states have been overly restrictive in terms of opening the economy safely going back to
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school and the like and they have not been able to meet their revenue needs. they want the federal government to bail them out. i don't think washington has a lot to say to states like my state about what the appropriate reopening measures are. liz: what do you say ford? >> senator corker in is absolutely right the white house and the biden administration want to say there's not a crisis on the southern border and they are obsolete is. we are talking about 4000 apprehensions a day and an unbelievable increase in on accompanied minors. the biden demonstration essentially the messages outside of the border come to america you will be deported he might even get a vaccine and you might be lucky enough to be the million plus to get amnesty. this is so creative been exacerbated by the biden administration policy and the idea of united states citizens where mass cannot open their
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schools is absolutely insane. liz: ford mcconnell is great to see you. thanks so much for joining us. mark morgan and sheriff mark dannel's on republicans demanding hearings as the numbers cross from a year earlier. shelters are not the breaking point. that story is next. >> secretary mayorkas the head of ahmed security says there's no crisis of the border. that's absolutely incorrect. one thing the previous demonstration did an excellent job of by any objective standard was border security and all of that is being undone very quickly in this administration. they'll miss crisis at the border. they created it and they could stop it if they chose to. what you need.
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(woman) i don't want to look like this anymore. (man) what is happening to my body? (woman) why can't i lose weight? (announcer) you may be suffering from insulin resistance. measure your waist. females measuring more than 35 inches and males measuring more than 40 inches may have insulin resistance. to learn how to reverse insulin resistance and lose weight effectively, go online to golo.com. once again, that's golo.com. liz: . >> president biden wants to basically erase the difference between legal and illegal immigration. president biden thinks vetting people at the border, all border ris racist. it's not.
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it's pertinent. every country that i am aware of does that. he gives money to people in his bill who are in our country illegally. that is obviously an incentive to people to come here illegally and a disincentive to people to follow the rules. liz: let's welcome former cbp acting commissioner mark morgan. it's great to have you on sir. your reaction to what senator kennedy just said? >> he is absolute spot on. this president and this administration has systematically removed and dismantled every effective tool that we had in place for the illegal immigration crisis and it was successful. write down the paradigm is completely shifted. we are sitting the united united states encourage facilitated incentivized illegal immigration
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and remove issa's authority too deport them lawfully and by now we are seeing the crisis in the numbers is 5000 a day and they created this. t liz: president biden calls it "neanderthal that texas and mississippi lifted their mask mandate. he continuesda to the denied the crisis of the border saying it's a challenge. to crisis when you have shelters built for 700 holding more than 2000. that's a crisis. it's not a challenge. "cnn" is using that semantics as a challenge and know it's a crisis when he jammed that many people and a facility like that. we have the governor of texas gregeg abbott saying your border policies mr. president are neanderthal. you are releasing illegals with covid-19 and the border states like texas. this is the next level stuff happening. your reaction? the. >> i would say five houston a
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day is a crisis. i would say a in february we wil look at probably over 100,000 illegal entries in a single month and 9000 i could keep going. you bet it's a crisis and the secretary of dhs stood on the white house platform and lied and lied to the american people saying this is not a crisis and he should be ashamed of himself. he owes the hard-working men and women of cbp on the frontlines of this country protecting our borders he owes them an apology because they have to deal with the crisis that dhs created. liz: you know let's bring in comment can we bring in sheriff mark dannel's in on this conversation. sheriff would you make of what's happening here with what's going on with the border crisis? >> i thank you for having me on and let me just say this this is a plan i political design in ideology. mr. morgan is right we have
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worked to bring our south was border to the best position it's been in years and decades and deceive to see the erosion of policies and programs is truly going to affect the public safety and national security humanitarian and let's not forget the pandemic we are in right now and it was not designed to work with local and state officials. we have not been contacted to say it so we are in the trouble -- we are in trouble and southwest border. liz: let's listen to joe biden. the white house caught his. >> at oppressor when the president said let's take questions from reporters and suddenly the fee got cut. let's watch the sound bite. >> i want to thank you all, thank you, thank you, thank you i'm not happy to take questions if that's what i'm supposed to do, whatever you want me to do.
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liz: he is not taking questions from reporters. what do you think about? >> first net like to say spot on. it's disheartening because we should be asking serious questions. weom should be hearing from the president himselff on the crisis he has created and in what world does that make sense as their schools are notls open our businesses are not open and people do nott have jobs and lesson 8% have gotten shots in their shoulders and this is the time to open up the borders until everybody comes and catch and release. i would like to hear from him directly to see how he explains that. liz: mark thanks for joining us. sheriff dannel human smugglers tryingsh to get 25 illegals in e
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ford expedition and it crashed in 13 illegals died in the chevy suburban cut through a hole in fencing by smugglers and chevy suburban caught on fire? this is a humanitarian issue right? >> it truly is an bad accident highlights the border. in my county alone over the last couple of months we have had 12 people go to the hospital and we have had to death in a shootout with smugglers just in my county alone. we are seeing this because of the message this administration is saying, come to our open borders and mr. morgan is exactly correct. our other guest today on the show are hitting it spot on. this is a disaster in the making. we will live 2019 begin where we countries reach your border 1000 plus gang members 4000 arrests, on and a on.
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this is a public safety and health nightmare. as he. >> she's to wear masks to americans why are we not practicing the same message on the southwest border? liz: you know there's an issue that you have raised when they stop working on building the border wall the sheriff you are saying it creates a superhighway for smugglers and traffickers and drug traffickers. can you explain not? >> president biden stop the construction declaring it's not oran emergency on this border ad that's the construction and funding and resources on the southwest border. what you have now our trenches but what you also have his roadways that were never there before better good walking path for our cartels to smuggle
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people and the drugs in ournt country. we built an infrastructure for the cartels. liz: theater thing is to this is a humanitarian issue. if you want to immigrate here, come legally and that's what authorities keep saying. you try to get in the ports of entry you will be victimized by human smugglers and drug traffickers. we have now air rescue of 150 children from human traffickers and more than 2000 children rescued from human traffickers over the last 15 years many of those children illegal immigrants. your final word this is a humanitarian crisis? >> i will leave you with us. in 2019 we had the same thing going on. we arrested 3500 kids exploited by the cartel in 2019 but don't forget we had 6100 families using kids to get into this country. we have a disaster on our hands
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and it's coming on the southwest border. liz: sheriff thank you so much for your service to our country sheriff mark dannel's of kochi's county arizona. come back again and thank you morgan. t general michael mcguire runs the top association for the national guard. dozens of michigan and new jersey guard troops are on an extended stay in washington d.c. getting, many hospitalize filing finally ill because they are being served uncooked raw food including beef and even finding metal shavings in their meals. this is unfolding as push back is on from house speaker nancy pelosi saying the guard will remain in washington for as long as they are needed. that story is next. >> it's a completely unexcusable situation. these are people of what their jobs part of the national guard to come. to the capitol to help
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♪ ♪ ♪ when it comes to your financial health, just a few small steps can make a real difference. ♪ ♪ ♪ learn, save and spend with guidance from chase. confidence feels good. chase. make more of what's yours. liz: you are watching the fox business network are you coming to join us as michael mcguire. how is it defensible but dozens of michigan and new jersey national guard troops on g an
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extended stay in washington d.c. are getting mistreated. they are many of them hospitalized and fed raw uncooked food. i know you have to be outraged about thisth and thank you for joining us sir. what's going on with the story? >> thanks for having me and i like you am extraordinarily disturbed by what i've seen and i'm extraordinarily disappointed in this continuing pattern. we need toed do better training these great men and women who are citizens soldiers that were called up and as we have treated them when he to treat them better when they are here. people argue they going to expeditionary environments all the time and we are in washington d.c. or the capital of the united states of america. we have to do better and i think this is a symptom of what happens when you try to mobilize divisions of soldiers in less than a week. the reason i object to it.
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liz: we are hearing a rationalization that they go into war zone so it's okay if they are fed raw beef and food with metal shavings in it? really? nancy pelosi said there are on an extended stay indefinitely so we are all supposed to be okay with men and women in their other lives teachers, firemen and cops doctors and nurses. they left their families behind that nancy pelosi is okay with us getting fed raw food and being hospitalized. is that the answer? >> i'mr? not sure where speaker pelosi comes down on this but what i will tell you it's unacceptable in the nations capitol we treat these great soldiers and airmen this way and we have to do better. we have the ability to do better and this is a symptom of rushing to put people on the streets. this country has rebuffed the idea of having the military do
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law enforcement activities for extended periods of time and i'm still searching for what authority upon which they are staying. liz:z: again it's the new jersey and michigan guard. every time we hear the story it's getting worse. we thank you so much for your service to our country. we respect and admire you for that but now we have reports coming in antifa planning riots this coming weekend anti-copper riots warning they might he violent in states like oregon as the national guard gets pulled away in d.c.. your reaction to that? >> my reaction to that as we've been involved in civil disturbance operations and civil unrest as far back as the country's founding. most recently over the summer here and her son we put 1495 national guardsmen men and women in our first responders in 12
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local jurisdictions and five county sheriffs offices and supported them. you're absolutely right a whole bunch of people pulled away from that it will degrade our capability to respond in her home state. that's what i'm calling onli everyone it to reevaluate the threat assessment there and give me the authority upon which they are remaining. liz: what's also degrading the national conversation is having guest on "msnbc" downplaying the riots saying they were not violent and 30 people were killed in elite of dollars of property was destroyed. "msnbc" ankle -- anchor nicole wallace said watch what this guest said. i >> inch in these were non-violent protesters a lot of young people feel by the black lives matter movement outraged by the death of george floyd a black maner killed by a white police officer minnesota.
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there was no violence there. liz: okay it's despicable and unacceptable what happened at george floyd. that's the bottom line on that. that is the bottom line on the riots saying they were not violent when 30 people died. this is high-level next level incompetence with "msnbc" having a guest on saying you guys are out there fighting the fight your final word? >> my final word is the national guard stands ready to respond to every governor in this great nation at there isgu a need to maintain the rule of law and regardless of what your motive is we remain apolitical on the motive but we do not condone illegal conduct and we have seen that over the past summer and recently and that needs to stop. liz: general thank you for joining us and thank you for your service to our country. we appreciate it. come back soon.
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congresswoman nicole malliotakis joins us. families of seniors who died from covid-19 in nursing homes are taking notice of what's going on in their own home states. new yorkers are saying look what happened here. new yorkers are demanding justice over new york governor cuomo creating a super spreader disaster in new york nursing homes in the wake of his worsening sexual harassment scandal. that story is next. >> there is literally a photo of him touching someone inappropriate way so it's very disturbing. his apology was nothing more thanre a clinical rule to stay n office. i believe for us to move forward into budget negotiations with the governor that he carries with him these looming issues he needs t to resign so we can get
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when we found out our son had autism, his future became my focus. lavender baths calmed him. so we made a plan to turn bath time into a business. ♪ ♪ find a northwestern mutual advisor at nm.com liz: we are excited to welcome to the show congresswoman nicole malliotakis. great to see you congresswoman. it's good to have you on.et what's the right thing to do with governor cuomo and his scandal? >> the governor should do the right thing and resign. this is somebody who not only
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mishandled the nursing home and of course a resulted in 15,000 deaths but he stonewalled the state legislature when they triedri to obtain information ad on -- underreported information to the public and of course you know the chief of staff admitted to a cover-up trying to avoid that information getting to the department of justice on top of that he is threatened the state assembly members spoken out about his uncle had died in nursing homes of that ine. itsef is the reason for the governor to resign and if you add the sexualre harassment accusationss all the more reason why the governor should -- the governor does want to resign but i think new yorkers need to ensure that we kick them out of the ballot box next year or there is a criminal investigation or the fbi the department of justice is conductinghi one into a criminal
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prosecution. i think any way you look at it the governor's time in office is numbers and i urged new yorkers to join me and express themselveses if they want the governor to resign by signing their name at -- liz: seniors who died at the nursing homes say focus on that scandal. the accusations or her in this but the 27 states nursing home executives are given blanket immunity from lawsuits. new york governor cuomo led the way to that blanket immunity for lawsuits and we are talking michigan pennsylvania new jersey and you are tracking the donations from the nursing home sector and this is basically covering reckless endangerment what's happening in nursing homes. the other thing congresswoman cuomo is excusing his sexual harassment saying it's a
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cultural thing. i kiss hundreds of people. my father mario cuomo was the same way. he is kissing women who are the same age as his daughter, trying to rather and this is the same mario cuomo who called monica lewinsky an inveterate liar when monica lewinsky got caught up in the bill clinton's sexual harassment scandal. sncc it's unbelievable that the governor is trying to defend himself here when he clearly made wrong moves. to say to a young woman who is 40 years younger than you to ask her if she had with older men in the corporate sector he be fired. because he is in government he will get a pass? i don't accept that andnk i thik you are a fully write the real scandal here is what happened in those nursing homes and it's shameful that some legislators have only come out now on sexual harassment allegations.
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the families of new york deserve better and would they need legislators to be their champions and demand answers. they are looking at impeachment as a possible thing but even the democrats dragging their feetme and pulling away his executive orders abilities. they were going to strip them and now they backtracked. i don't know whether the governor threatened them again but it's shameful that they refused to take back their power of a co-equal branch of government and what their constituents let them do. liz: congresswoman you are terrific. will you come back on the show? >> love to have you back on. >> absolutely, thank you. liz: coming up former california gop party chair tom del beccaro taking on energy secretary g jennifer granholm telling coalminers find jobs mining materials that go into electric
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areas. there is a problem with your argument. those mines don't exist in the united states. that story is next. ...to experience lexus. the invitation to lexus sales event. lease the 2021 is 300 for $359 a month for 36 month's, and we'll make you're first month's payment. experience amazing. discover the replenishing power of new pronamel mineral boost. and we'll make you're first month's payment. teeth need natural minerals to keep enamel healthy, strong, and white. but every day, acidic food and drink can wash these minerals away, weakening and dulling enamel over time. pronamel mineral boost protects teeth by working with your mouth to boost absorption of calcium and phosphate which naturally strengthens enamel. pronamel mineral boost helps keep teeth strong, white, and protected from sensitivity. new pronamel mineral boost i have the power to lower my a1c. because i can still make my own insulin.
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really? i didn't-- aah! ok. i'm on vibrate. aaah! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ liz: let's welcome party chair tom del beccaro. your reaction to senator granholm saying on abcs show the view that call miners whose jobs are phased out can quote dig out in mind the materials that goat into electric batteries? the those mines do not exist in the united states. >> this is the linus with which the new green deal and the left tree things. joe biden said these same people should learn how to write computer code. the last thing i'd want to do is learn how to computer code. if you make miners do it this is
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what big government socialist or light. they are completely detached from reality. remember their policies are driving up energy prices and hurting the poor the most in this country with a huge tax. liz: critics say jennifer granholm and john kerry saying oiling gas workers have to sacrifice their jobs. they are collecting a government paycheck flying on airplanes that are polluting the atmosphere. china's dominatingne solar panel products to the point where germany saw their green energy job sector collapse cut in half. your reaction? >> absolutely. thee. same kind of thing will happen in california as well. you cannot centralize for government determine huge economic sectors that this will be update biggest government regulatory takeover since obamacare. with energy will be worse as you mentioned because china can make these things cheaper. theype are flooding in the world
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and there's no way to do this. of course then they will want to do government subsidies for us all and is just a downward spiral. economy is hitting a downward more peoplell and will be on unemployment but that seems to be okay with the left. liz: palm del beccaro thanks for being with us. "fox news" contributor joe concha dr. fauci now getting criticized for trying to undercut florida governor ron desantis saying ron desantis who doesn't agree with how he reopened florida. florida's per-capita death rate lower than the national average. andy is a record of flip-flopping in the media over and over again. we take that on, next. how do you bounce back? you don't, you bounce forward,
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your reaction? >> ayman numbers guy as you know elizabeth so let's take the partisan politics out of this.y dr. fauci has morphed into a partisan bureaucrats. let's look at the numbers.ar florida has a larger population than new york for example and anthony fauci talks about governor andrew cuomo and his handling c of covid as it pertas to nursing homes. i wonder whyhy that is? florida has a larger population and an older population by age therefore more vulnerable. florida has four major cities miami tampa orlando jacksonville yet they have 17,000 less deaths. they have been open basically since may when desantis went ahead and opened the beaches and businesses from their. while new york is dying from an economic respective they have had mort depth meanwhile desantis less deaths and the economy is driving down there in the irony here elizabeth as many
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new york or czar moving to florida for this reason because of ron desantis leadership in the fact they have more freedom from a businesss perspective and overall particularly as it pertains to schools reopening. liz: we hear you, joe. let's listen to dr. fauci and governor desantis. watch this. >> i don't think it would be fair to say that the governor of florida did anything wrong. not at all. there were certain things that were done that i disagreed with and it wasn't just me personally in a public health person who looked at it that i think you would be unfair to say he did everything wrong. liz: he didn't spell out what governor desantis did wrong and critics keep saying why are taxpayers paying the salary of an expert who is criticized for flip flopping on things like school reopenings? what did ron desantis do that was so wrong? >> i don't know.
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i would love to ask dr. fauci that. if you make an accusation like that on national television you better have a good tobacco. dr. fauci has been over exposed for no good reason reason. he's done hundreds and hundreds of interviews since the pandemic again and that would be fine if the message was consistent and correct and time and again it is not just like almost everybody else. i don't want to make it look like fauci has been wrong, basically everyone has been wrong because this is an unprecedented pandemic. remember you said don't wear a mask and then he said a couple of months later maybe you should wear a mask but i only said that because i was trying to protect front-line workers but a couple of weeks ago he said to mass or better because common sense says that make sense. wait a minute if that was common sense why wasn't that the regional recommendation. he said this in the white house press briefingin last week, even if your vaccinated there things
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youin will be able to do in society for example indoor dining, theaters them places where people congregate. then he says three nights later on "cnn" he says well people will be able to socialize once they are vaccinated because it's backed by his two favor words common sense. all those messages tell me he should say no once ine a whileo every microphone put in front of him and every interview request because unless you have new information its definitive venue are consistent maybe you shouldn'tho be on tv so often because maybe you're confusing people at this point dr. fauci. liz: i hear were you saying in the flip-flopping saying you can't congregate in then you can congregate where mass, don't wear a mask reopen the schools, don't reopen the schools. the thing with what you pointed out about florida andu also new york he has praised the new york
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governor and praising him since last july. what justification does dr. fauci have for saying the state with the second highest death rate per-capita from covid is doing a good job and what justification does he have for praising the new york governor and going after instead ron desantis when governor cuomo is accused of covering up nursing home deaths that his order created. where is dr. fauci on back? >> were so strong statement or even my 7-year-old knows you shouldn't put people that have n contagious virus back into institutions where there are vulnerable people that could die from it? that order was ridiculous. his own age last week said they hit the numbers because they are afraid of in investigation. >> joe thank you so much. have a good night.
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larry: hello everyone, welcome to "kudlow." i'm larry kudlow. shots fell on wall street after federal reserve chair jay powell said he expects a one-time inflation spike as the economy opens up. powell believes that spike will not be sustained but the economy will run hot for some time. >> you could do see what we believe is likely a transitory increase in inflation where longer-term expectations are broadly stable at levels consistent with their framework and goal i expect we will be patient. larry: in terms of
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