tv The Evening Edit FOX Business October 7, 2022 6:00pm-7:00pm EDT
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up almost 2%, stocks snapping three week using streak so we will have to see how this plays out. inflation, everybody is worried about that that does it for us, "the evening edit" starts now. ♪ >> market for the week ending in the green but here's going on, stocks to kids today, market pros warning 5-dollar gas is coming. the biden team lashing out at everything except president policies tonight. biden's circular turnstile world to pay back climate change recruit inside the white house push massive climate spending you pay for when the spending is back to clinical donors. joining us bruce westerman,
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former deputy independent counsel sol wisenberg, doctor marty makary chief economist lindsay, jampacked show. hurricane ian reveals clean energy dirty secret not just human rights abuses to make this but uncontrollable fire. growing frustration at the d.o.j., prosecutors battling to pin down hundred biden on criminal tax charges for reports coming in that hunter is using his drug addiction as a defense. the u.s. tax court ruled taxpayers cannot use plus new potential game changer lawsuit and chicago reveals officials do little to nothing to track violent felons democrat policies set free from prison and truckers in an uproar joining the military against biden's
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vaccine mandates. they cite unvaccinated illegal immigrants crossing the border and this debate the political peril of who the gop will try to impeach first if the biden in the biden white house if they win back congress. i'm elizabeth macdonald, "the evening edit" starts right now. ♪ we began with stocks taking hits today, nasdaq down nearly 4%. watch the trends, stock trading, volatility and stock trading volatile as bitcoin trading right now. oil heading to 100 a barrel on opec's 2 million barrels a day cut and solid jobs report to likely keep the federal reserve on the path of raising interest rates across the board. the 5% increase today and hourly wages wiped out by 8.5%
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inflation eating alive americans purchasing power. edward lawrence in washington with more. >> no way around a strong jobs report but that's bad news because you can see the declining number of jobs added still enough the federal reserve to continue with aggressive rate hikes. another three quarters of a% in november based on the report i asked the labor secretary this morning when workers was see gains in their paychecks. >> wages went up five% but real wages went up. one of the policies going to fix that? >> the president passed legislation the last 12 or 13 months and we will see that further down the road, a lot of the money is just getting out, there will be a leg before we see the presidents pass through congress and have the impact. >> he wouldn't tell me if
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americans have to wait a year or two to have their wages grow faster than inflation. elizabeth: great report. congressman bruce westerman from house natural resources and chief economist, and lindsay, thanks for joining us, good to see you both. the president ran from reporters today after they asked about his armageddon comment, the u.s. faces attention armageddon similar to 1962 cuban crisis over putin and ukraine and seems to say comments to donors going after maga voters, what did you think of this? >> the president needs to stop running away and face the problems he and his administration and democrats in congress create. one reason is because of biden's weak foreign policies in the one we have domestic energy in this
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administration, they want to lock it up and throw away the key and depend on china and russia for the things we need and opec for energy when we have it here at home. elizabeth: and by the way, russia invaded crimea in georgia under obama, they didn't under trump. thus the argument but lindsey, we keep hearing 5-dollar gas is headed our way, nearly two weeks straight, what do you think? >> right now it is a risk and for the consumer it's a sizable risk when we talk about negative real income growth, waning medicine for the broader economy and businesses going back. if we see price increase return particularly at the pump, we know the fastest way to derail the american consumer is heightened energy prices so it's a large concern not just for broader health of the consumer
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but as we look at the key holiday spending season if we spend more to fill up the car there's less discretionary income is by other goods and services for the holidays. elizabeth: congressman, the white house is saying we need more supply but not from u.s. energy. >> despite being hydrocarbon, it's a good thing, not a bad thing and the more we produce the better we will be in the more secure we will be. it will often place the less hydrocarbon and carbon dioxide you will emit into the air. elizabeth: larry summers. we will play the soundbite la later. larry summers clinton officials say we need supplies now energy independent and now energy
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insecurity and you look at paris france, paris is running out of gas right now because of refinery strikes. >> i think larry gets it. the administration doesn't and it's all forms of domestic energy produced in the united states. the main problem with the biden energy policy comes down to two things, physics and math. this is based on science and growing energy debate demands globally or cutting global emissions this is based on political science and social engineering other than physics and actual engineering and the can't do the math because the programs they say will help stop climate change will do little to nothing or make climate change worse. elizabeth: biden is turning to venezuela, chevron cannot immediately restart venezuela's damaged oilfield. let's listen to the treasury secretary on supply.
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>> i agree what happened what opec did was shortsighted because one of the primary goals is to make sure markets remain well supplied we call on those who owned the gas stations to bring down the price. >> resident celebrating, pickup communist and venezuela a radical ayatollahs in iran and humiliating display begging them to produce oil. elizabeth: what you think? >> i think it highlights the proposition america found itself in reliance on international providers for energy, chips, important materials in terms of ppe pharmaceuticals antibiotics, the list goes on and on and i think the aftermath of covid, it's facing stringent supply chain is locations.
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it should be at least the beginning, a wake-up call to return some production at least back to u.s. shores. be that energy or production of other key goods for the economy. globalization has positives but we do have to at least from the national security standpoint, secure the american economy and american public. elizabeth: the white house is not answering the ringing wake-up call off the hook right now. the white house now is considering having the president declare, try to do this climate change emergency to enact more climate change policies via executive powers the we've got circular turnstile world of biden and the democrats, biden packed climate change workers and the got $55 million in clinical donations, 30 million this past year from green groups. hundreds of billions of dollars in green energy spending and it
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goes back to the climate groups and taxpayers have to pay for the spending. you look at black rock, for formal officials work in the white house not black rock is big on environmental social policies, people like ryan these for as well do we heard from earlier. >> you hit the nail on the head and i can't wait, i hope for publicans gain majority so we can have oversight hearings on the administration out of control. i can't wait to bring officials in before resources committee and ask these. there's a way to close with wall street and bureaucracy especially the white house and this is causing harm a max taxpayers not accomplishing the climate goals american want to achieve. what is doing is bundling money into investment funds used to
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attack american industry. texas and alaska and louisiana. elizabeth: what about u.s. energy workers? this is the heart of the story. it about garden-variety corruption, unchecked no strings attached, climate change spending going to grease the palms of climate donors. >> i think it will be speaking about continued expansion of the government balance sheet, government expenditures that do nothing to support the economy but create long-term barriers to get the u.s. economy back on track, something the federal reserve is trying to contend with as we face for decade high inflation in the economy is still turning negative growth. elizabeth: thanks for joining us. america crime crisis, we've got this story, it could be a game changer, a lawsuit in chicago
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that reveals failed oversight of balance weak on crime democrat policies set free across the nation. this is biden's d.o.j. rule for the but not for me but his own son hundred biden. prosecutors reportedly battling to pin down hundred biden on potential criminal tax case using drug addiction as a defense. the tax court ruled taxpayers cannot do that. sol wisenberg joins us next. >> the board that comes out the worse it sounds, the reason we investigate is because he's a national security threat we are business dealing s compromised paid ♪ technically when enamel is gone,
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frustration among agents who began working this case and still no action. the case began 2018, four years ago. agents don't charge, u.s. attorney in delaware david weiss would charge if you want to go back the past. the post reports prosecutors have evidence to charge hundred biden tax crimes. also a false statement related to a gun charge, the investigation moved over the summer from the fbi to the u.s. attorney david weiss in wilmington delaware. d.o.j. policy stays away from sensitive charges in the two months or so before a federal election but since hundred biden is not on the ballot it may not apply. the grand jury in this investigation finished over the summer, d.o.j. declines comments. we previously reported hunter was investigated for federal tax gun paperwork violations as well as lobbying crimes.
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washington post report federal agents believe tax gun regulation aspects could be chargeable. fox news reviewed a firearm report with hunter biden answered no to a question asking if he was an unlawful user or addicted to drugs. was not clear is if hundred biden's laptop, which and federal custody since 2019 will play into the final charging decisions if hundred biden is charged. he's not been charged with any crimes. elizabeth: thank you so much, joining us now, independent counsel, sol wisenberg. a striking story, sol, good to have you on the show. the u.s. tax court ruled repeatedly you cannot use drug addiction as tax evasion. hunter was not incapacitated, he flew around the world on air force to doing overseas business deals selling his father's name and government access to the
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white house. he could have filed his tax returns. he said plural tax crimes. what you make of this story? >> i got news, the defense will not work in criminal court either. there's no way that will be used in support of a diminished capacity defense. this is a classic white collar crime if it occurred so that will work. i'd ignore that story and if prosecutors seriously consider that will worry about that, that's a sign of real trouble. elizabeth: they are struggling with that, that's what hunter has been saying for four years, dealing with drug addiction so kat democrats can use drug addiction as a defense and escape prison the little guy can't use? he began in 2018, fbi irs reportedly for months have said there's evidence to indict him. >> i don't listen to what
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federal agents say, they don't have to sit in court in here the product but on the other hand the fact that this was leaked by somebody in the bureau assigned they feel prosecution isn't moving fast enough or in the right direction so there's great frustration but if somebody on the prosecution team is sears the word about the drug user defense, tax crime charge, that's ridiculous, a bad sign for anybody interested in fair and impartial law enforcement. elizabeth: vessel has people upset. he's not charged for violating lobby lost presenting foreign government to the obama white house while his father is vice president, we are talking business partnerships ukraine, china and russia and elsewhere. what you make of the taxpayers, do they have the right to know
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anyone connected to the u.s. attorney's office visited the delaware vacation home or met with anyone in the white house? secret services to visitor logs to his home. >> you packed a lot there. let's back up a bit he pointed out something there isn't enough reporting on, how broad was the investigation? if this is just an investigation of hunter biden's tax problems or filling out a form incorrectly, why haven't the broader allegations raised even look that by somebody in the department of justice? we have no answer. elizabeth: what are you talking, referring to? >> the broader investigation of influence peddling involving the only hundred biden but his uncle and potentially the president. what element is really investigating this?
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we don't know. we assume the attorney's office may have looked but we don't know that for sure. if you confide your investigation and narrow focus of hunter biden's tax problems or whether or not he filled firearms report out correctly, there's a lot of stuff we've heard from bobulinski and people like that looking at that as a potential criminal matter. elizabeth: it is the bigger story about joe biden because he was in debt, negative net worth in the beginning of 2000 reportedly in the use of government assets to build the biden family net worth including not just air force to but secret service and other assets contacting people inside the obama white house on behalf of the biden families overseas
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business partners which are u.s. enemies including russia and china and other countries like kazakhstan, romania and more so the overseas business deals, it's hard to track cash flow so not just tax crimes, is joe biden's role and how it affects national security. >> and again the question is, we don't know their is any in respect to joe biden but there's enough for somebody to take preliminary looks at that and who's doing it? even if you take joe out, we know hunter biden was involved in massive influence peddling, who's looking at that? if nobody is, why did somebody try to narrow the delaware u.s. attorney's office is looking at? does of the questions nobody is asking or getting answers to. elizabeth: we knew you were the perfect guy to talk to about this, have a good weekend. american truckers join the military in an uproar over
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biden's vaccine mandates is border patrol and outrage about unvaccinated illegal immigrants pouring across the border. news on the las vegas stabbing and potential game changer lawsuit in chicago revealing failed oversight felons week on crime democrat policies set free to attack americans. on's funds as with us next on "the evening edit". >> why is crime in the last 20 years? the elected woke das who don't believe in putting people in jail. ♪
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breaking news coming in, let's get to hans von spakovsky with the heritage foundation. this story of the mask stabbing las vegas, eight attacked including showgirls of the wynn hotel in vegas, to death, illegal immigrant from guatemala here illegally, he reportedly has a criminal record in california, what you say. >> california has a sanctuary policy, they refused to do any thing even about criminal illegal aliens refuse to call dhs to report them and these days dhs will deport them. this is one of literally hundreds of thousands of crimes
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committed across the united states by illegal aliens, repetitive crimes which wouldn't happen, not a single one if the aliens were not in the united states. elizabeth: democrat released felons out of prison with their policies happen coast to coast but then they don't do oversight. vietnam war veteran keith cooper was murdered in chicago in a carjacking in 2021. his family and estate sued but judge and sheriff in chicago cook county asking the judge to throw out the lawsuit and claim it's not their fault he was murdered by two criminals with the track record set free from jail on electronic home monitoring devices and no one tracked them. >> is directly their fault. the court system in chicago has been particularly aggressive pushing no bail policies allowing criminals out with
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electronic monitoring. kim fox, the prosecutor there has a habit of not even prosecuting criminals when they cut off electronic bracelets. it's the no bail policies, black of prosecution and defense police movement that led to these crimes and spike in violent crime all over the country shown by these statistics. elizabeth: how can they go week on crime in places like chicago and chicago police say is loaded with 55 gangs, 117,000 gang members but they set free criminals who reoffend again and again and one guy we arrested team times and you see in new york city one guy attacked a fashion model in the subway last february, 44 prior arrests. another guy 103 times we arrested and was let go and
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stabbed and wounded a deliveryman. >> the progressive liberals behind the policies have no interest in what really happening and the deaths occurring because of their policies. elizabeth: regular americans taxpayers have to be the guinea pigs in their experiment? >> that's basically it the answer is the ballot box, rid of these prosecutors and state court judges engaging this behavior. elizabeth: how about suing them? thank you for joining us and have a good weekend. this disturbing story out of hurricane ian, it underscores clean energy dirty secret. not just human rights abuses but uncontrollable fires plus the biden vaccine mandate has truckers in the military and the uproar. outrage over unvaccinated illegal immigrants crossing the
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look who's back, health expert doctor marty makary, fox news contributor with johns hopkins university. the america and canada trucking associations demand white house for vaccine mandate, canada incident. border patrol went out unvaccinated illegal immigrants across the border in the nation for immigration but what do you think? >> conflict and total hypocrisy
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of the policy at the canadian border crossing people who are processed the standard testing requirements, they are processed so both are processed but inflicting policies. elizabeth: we've got long covid, four out of five with long covid have trouble with fatigue and brain fog and loss of taste and smell so it's an issue for people who got covid so says you should get vaccinated but shouldn't we have informed consent in the nation? cdc nation shows 783,000 americans sought medical care including hospital care after they got vaccinated. shouldn't we have informed consent? >> we should but instead we were told it's safe. in general we don't say it's safe, the owner not the whisks
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outweigh the benefits. the risks have not been studied, very selective policies and what they choose to investigate. they've chosen to not fund research on natural immunity or vaccine publications and instead for 1 billion into long covid. i dispute the numbers they put in the studies. >> cdc data shows since december 20202 and a half million people got the vaccine had to miss work can go to school and got sick so that's a striking amount of people. we got the military troops in uproar over the mandate 20000 just charged, this is about military readiness, they need to be vaccinated but where do you come down on this? >> these are the cultural low risk people of covid, people under 18, the cdc has never looked at whether anybody has died, we look at the somebody in the military and rolled in their
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20s probably comparable if not lower in the risk to they've never quantified that risk and describe it. elizabeth: is it a vaccine or licorice flu shot? >> flu shot doesn't work very well and probably should rethink this flu strategy but this will reduce severity of illness and somebody who has risk factors and is high risk that a young healthy person. elizabeth: listen to this from anthony fauci still defending dangerous supervisors research meaning creating evil dangerous laboratories and now he blames his own messaging for the controversy about his performance during the pandemic. >> i probably should have tried to be much more careful. it is unfortunate that the world in which we live. it's a bunch of soundbites
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sometimes are cut in half and misinterpreted like saying there is a grant from an institution in the united states the something bad about the grant and therefore you shouldn't give funding to any other element of the institution. you've got to be fair and go by process. not arbitrary deciding whether you want to fund something. elizabeth: he's admitted testimony there was no oversight of u.s. funding of dangerous supervisors research overseas in the u.s. your reaction? >> it's an old story when somebody makes a mistake and said there was a problem with messaging. the first few months of the covid pandemic in the u.s. doctor fauci did not show up to work but spent it in tv studios. he should have done the research and said it was airborne not
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from handwashing and lack of handwashing and should have done the research on masks and mortality risk on young healthy people. elizabeth: thanks for joining us and appreciate you coming on. politico reporting they debate in the gop if it wins back congress. who to impeach first in the biden white house? democrats argue it could backfire with voters in 2024 and a disturbing story out of hurricane ian that underscores clean energies dirty secret not just about humanfu rights abuses but uncontrollable fires. m but uncontrollable fires. m tiodm burgess joins us next on e evening edit.
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florida. >> electric vehicles that sat in saltwater floods for days because huge problems for fired apartments like the one here in collier county. attend fires since the hurricane hit. florida fire marshal visiting with the department medical human for tesla on fire. he shares. >> they are not built to be submerged over the roof in saltwater and driven again so salt is a nasty partner when it comes to corrosion which leads to compromised metals grounding out green fires. >> and he with james, once these buyers start what makes it difficult for crews to put them out? >> the resources we have to put toward fires, they have to take large amounts of fire to extinguish them in some cases we don't have the water supply, we
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have to click the vehicles burned and protect the area around them. >> the fires are serious, the tesla you saw earlier took six hours to put out, typical gas fire in a car takes just one hour. elizabeth: incredible reporting. thank you so much. joining us now from house transportation temperature. thank you for joining us, your reaction to that report? >> one 100% accurate. 28000 gallons you can imagine that. the toxic group it creates is incredible and the fact that would put us in a landfill weeks later underground, it creates
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another toxic soup mix. it will be an economic environmental disaster. elizabeth: it's not just saltwater, some of these are batteries spontaneous catch fire and combust even without it. one car battery fire is equal to putting out for houses on fire. the heat of 4900 degrees fahrenheit but the white house continues to push green transition to electric cars without telling us the facts. >> that is correct and biden wants to buy 203050% of all cars be electric the can't handle 4% which is the amount on the road in california right now with rolling blackouts and you see that all over the country and it
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will multiply because they are here to stay, i just think we have to support the cars. elizabeth: hookah human rights abuses in places like africa, child labor abuses digging out where earth metals to make the batteries. in china you got uighur muslims and slave labor camps there making solar panels so little talk from john kerry and president biden, al gore about human rights abuses and problems of firefighters. one report came out 1500 gallons of water and still not enough to put one electric car battery out. >> and when they do get it out
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remember the cars going into the water table, there will be carcinogens causing cancer for eternity and those are things we have not played out in the president is out of his league. elizabeth: you and your committee, has anybody challenged democrats on what we are talking about? >> we have but the problem is they're not in the majority will not nor is there debate and all you see on television c-span, over half the united states not heard because the democrats will not hear any discussion. elizabeth: and when you drive electric vehicle in the winter and salt on the roads can come
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up to the shaft into theth up to the shaft into theth electric car batteryis. so dangerous peopl to move vehicles withv+ instructors like homes, and instructors like homes, and businesses in florida. ?de >> when i waals a kid, they used to be signs on carwashes theed said t no he arrows are allowed. that's the same with electric vehicles, it's not true and wess need to move back to combustion which we know we can handle. which we know we can handle. >> thank you for joining us, have a good weekend. lico reporting the big debate firing up in the gop if it wins back congress. who to impeach first in the
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biden white house? democrats argue it could backfire with voters in 2024. french hill will take that on next in "the evening edit". ♪ improves lung function,... and lasts for 24 hours. go triple... go trelegy. because asthma has taken enough. trelegy won't replace a rescue inhaler... for sudden breathing problems. trelegy contains a medicine that increases risk of hospitalizations and death from asthma problems when used alone. when this medicine is used with an inhaled corticosteroid,... like in trelegy,... there is not a significant increased risk of these events. do not take trelegy more than prescribed. trelegy may increase risk of thrush and infections. get emergency care for serious allergic reactions. see your doctor if your asthma does not improve or gets worse. don't let asthma take another breath.
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flexing their muscle in the elections, the new powerful voting block. parental rights taking center stage for voters in new hampshire. rich edson has more from washington. >> good evening. republican challenger and closely watched house race taking sides in a fight between the hampshire mother and her child school district. caroline is a republican running to unseat chris pappas and held an event with local mothers on this. earlier this year a mom filed a lawsuit against her local school district when she learned her child asked her teacher to call
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her by a different name. the policy stated school keep the transgender status when the print. >> they are standing on the side of bureaucrats who want total control over our education system. >> that's your child and you are the one raising the child of the school. >> she did not return a request for comment. the party check responded to a critic on twitter took issue with the school keeping information from parents. the chairman wrote the going after children endangering li lives, mental health and safety is disgusting. not all families of the same.
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some kids will be kicked out or beaten to death or commit suicide to get vote for caroline. one analyst argues publicans they get more traction focusing on other issues. >> with that mentality, like how much gas can i put my tank this week? it's tough to get minds focused for a long time on much of anything else. >> as children returned to schools, research surveys found in the present education was important to the boat. economy at 77%. elizabeth: during us now
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congressman french hill. your reaction? >> we've seen that since the race and virginia glenn youngkin's victory with mothers across northern virginia rejecting the democratic notion schools are in charge with their kids not the parents. we in congress in our commitment to america propose parents bill of rights and we will talk about that in november. elizabeth: political reports fight breaking out, house gop
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some want to impeach president biden and democrats claim it could trigger a backlash 2024. other publicans see secretary mayorkas and merrick garland as more likely targets. where you come down? >> our commitment to america we want the government accountable to the american people and that don't have any doubt jim jordan is chairman of the judiciary committee, chairman of homeland security committee will build the record mismanagement by secretary mayorkas in his job. there's never a worse situation of the border and he's testified
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that the border is operationally secure. the job of house republicans to hold oversight hearings and prepare the case for what should happen to biden officials doing a bad job, attorney general or homeland security secretary, the case will decide the best course of action. elizabeth: high crimes and misdemeanors. the size of kansas trying to cross and ag garland accusations under his d.o.j. targeting parents speak out school board meetings as domestic terrorists and doing nothing about pro-
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