tv Cavuto Coast to Coast FOX Business April 24, 2023 12:00pm-1:00pm EDT
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stuart: i thought this was a really good question. what percentage of the state of maine is covered in forest? why don't you go first, ash? >> all right. i have been to maine many times. beautiful state. there are a lot of trees. i will go with 68%, number three. stuart: i will one up that, i'm going with 89% on the grounds that if you look, there it is. it is 89%. 17 million acres of the state of maine are forested. that is fantastic. if you look on a map it is all green. virtually nothing else there except for that. ash, thanks for today. see you soon. we'll watch wednesday, 3:00 p.m., arsenal, man city. time's up for me, "coast to coast" starts now. with david asman.
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david: we have house speaker kevin mccarthy handling the debt bomb. florida governor ron desantis beginning his world tour. is this a test for a 2024 tour? we hear from the governor as he is overseas. then americans leftover seas in a war zone once again. 230,000 of them, why some fear -- 20,000 of them, some fear warnings that were missed in sudan. independent women's forum foreign policy fellow claudia rosett joins us on the worries this could be afghanistan 2.0. welcome to cavuto "coast to coast." i'm david asman in for neil cavuto. let's get to chad pergram on the debt ceiling today bell. hey, chad. >> reporter: david, good
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afternoon. this is the biggest test of kevin mccarthy's speaker ship. it's massive win if he is able to pass a debt ceiling bill this week. if not that could send an ominous sign to the market on the ability of congress to act. >> i cannot imagine someone in our conference would want to go along with biden's reckless spending this is responsible. this is something we sat down for months everybody had input in. we will hold a vote this week, we will pass it and send it to the senate. >> reporter: if mccarthy stumbles it shows he can't pass his own bill. it is all about the math. mccarthy can only lose five of his own members around pass the bill. no one is sure when treasury says the nation hits the debt ceiling. day x, as it is called, but prays for a deadline in the next six week. >> seems like it keeps getting moved early and earlier. tax receipts are down a little bit, neil. we're looking beginning of june rather than end of june or august. kevin mccarthy has the right approach.
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we need a long-term strategy. >> reporter: there is concerns ratings agencies could downgrade the creditworthiness of the u.s. if congress fails to get in front of the issue that could rattle the markets or force those in washington to quickly find religion. >> the situation i fear most is the replay of summer of 2011 when tea party republicans flirted with disaster, came so close to the deadline it led to the first creditdown grade in american history, which ended up costing us billions of dollars, actually adding more to the national debt. >> reporter: regardless, mccarthy's plan will not be the final bill. most concerns come from moderates, not conservatives. they worry cuts in food assistance may be too deep. ethanol is also an issue for midwestern members. a vote is planned wednesday. david? david: everybody has their little baby in this budget. chad, thank you very, good
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stuff. speaker mccarthy and president biden have not met to discuss the debt time bomb since february 1st. bring in white house omb director russ vote. russ, it is not for want of mccarthy's desires. he is getting stonewalled by the president. it looks like president biden doesn't want to give an inch on a budget that has grown by five trillion dollars since he has been president. is there nowhere in that extra five trillion dollars that the president would concede anything for cutting? >> well he doesn't want to. right now they have taken ahistorical approach which is they don't need to negotiate at all but i think they probably realize that changes once the house passes a bill and has an approach, and as a result of likelihood of this week when that happens, them passing a 4 1/2 trillion dollars in cuts out of the house, i think that is where a lot of pressure will come down on the white house. you already saw it over the weekend with democrats coming
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out saying they need to negotiate. that will only ramp up. if republicans had taken the step, we'll not put forward our package until the very end you would have had a lot of concern coming from the wall street markets. that has ha chance to go in the opposite direction towards joe biden and i think we will have to negotiate. david: the other concern, we heard a previous guest say that, tax receipts will probably be down. if tax receipts are down, the debt grows even larger. it is not just all of the money that is spending, it is the potential slowdown of the private sector. >> there is certainly a lot of variables. i think we got to make sure everyone knows that joe biden has the unilateral ability to prevent a default because there will be enough revenues that come in to be able to pay principle and interest on our treasurys. what they want to define as default is timely payment of every last woke grant that the department of education. of course that is not what the full, faith and credit of the united states means. so that is the debate we'll have
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over months but you're right, the x date is fluid but it is probably going to get us into july or so but it is vital to get the debate started with clarity to the american people. this is what house republicans are for. four 1/2 trillion dollars in cuts to the bureaucracy and the things that they hate most, irs agency expansion, the student loan bailouts, putting work requirement in law so that we can get people off the sidelines into the workforce. david: you mentioned the department of education, a lot of people would say the more money we spend on the department of education the lower the test scores go. so you wonder about the feasibility of about whether we're getting our money's worth out of a lot of the government and then there is the overall question, russ, about the overweight size of government in comparison to the private sector. we have not had a government this big in our gdp since world war ii. what effect does that have on the economy? >> enormous effect.
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it is not just big, it is woke, it is weaponized. not only just crowding you out in the private marketplace it is actually aimed at you. it is aimed at your business. it is aimed at your community and your school. when republicans are saying we're going to defund that bureaucracy, they're going a long way to make sure freedom is no longer default in this country. people can go about their business, live their lives in a way their parents raised them to be able to do. that is the debate we want to have with the country over the next several weeks and months. david: there is another debate, russ, the issue of all the unmotivated workers we have, some of whom remain on the sidelines because of the immense expansion of our welfare programs for healthy workers we should emphasize. the president in the past worried about this back when we exchanged workfare for welfare. back in '96, this is what he said about it. the culture of welfare must be replaced with a culture of work.
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the culture dependence must be replaced with a culture of seven sufficiency and personal responsibility. boy, that sounds right on point and it sounds a lot like what republicans are saying right now that has to be somehow pushed into the budget, however it turns out? >> isn't it amazing what was common sense two decades ago now viewed as completely extreme. we get called crazy. they are the ones that are crazy. unfortunately taught much of the country that the benefits existed amounts to a hammock. a work requirement could not come at a better time in the aftermath of covid to teaches the benefit of work, get them off the programs. not just do it with welfare what clinton did with republicans in congress, expand i had to medicaid, expand i had it to food stamps. david: when we moved to workfare
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a lot of democrats opposed to president clinton back then signing that bill. they turned out to be wrong because what happened the welfare rolls came way down so did the poverty level. people got back to work. poverty level among children had never been lower five years after we went to workfare. so it actually has a beneficial effect not only on the economy but on reducing the level of poverty in this country. that can't be denied. that is just a fact. we have to leave it at that, russ. come back to see us. always pleasure to talk to you. president biden set to announce his re-election bid tomorrow. challenger from biden is from his own party, comes from a political dynasty on democrats. this is what robert f. kennedy, jr. told neil about running against president biden on saturday. >> do you fail any pangs of taking on this president?
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>> well you know, like running against somebody in your family but you know, ultimately i think, i'm in a much better position to beat donald trump than joe biden is and i, i also just disagree with him on basic issues like my father did with lyndon johnson on censorship. i don't, at the white house should be censoring political critics. david: gop pollster lee carter. a fascinating new twist to the whole election drama. already polling at least in one poll, at 14%. that may be a ceiling. we'll have to wait and see but at the very least, even if he stays at 14% he could do serious damage to president biden, couldn't he? >> he sure could. it is really surprising, right? you wouldn't expect somebody to be able to do that much damage so quickly but when you look at the other polling out there,
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biden doesn't do as well you would expect. for biden 85% of his 2020 voters approve of the job he is doing. 10% disapprove but really importantly 43% of those who voted for him are less excited about supporting him this time than last time which means there is a huge opportunity for someone else to come in. i think that is why you see him doing as well in the polls right now. 14% is not bad for an initial appearance. david: not at all. then you have the nbc poll which is, when you look at all voters seven out of 10 don't want biden to run again. by the way 30%, only 30% of independents think that he should run again. so i mean he's really up against a lot of headwinds. >> he certainly is, against a lot of headwinds. now, the big thing i think if he should become a nominee it might not be as hard for him to win as if it would be if he get as real challenger in the primaries.
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there is a huge lane for him. a lot of people say biden let down on the economy. they feel his policies have not helped the middle class. we see robert kennedy talking about his failure with the middle class. people don't feel about number of issues that are important. don't feel good about immigration. don't feel good about crime. there is a wide open opportunity. the question becomes if he does get it is it easy to win against a republican or not? republicans are struggling on some very important issues, namely abortion and gun control. david: you know, fair and balanced as you mentioned the republicans have a lot of problems of their own. the one has most drama in it right now is the battle between desantis and trump. desantis it seems like he is running on a number of what may be more parochial issues to florida than he is on a national basis and that seems to be costing him right now? >> so i think the problem that desantis is facing right now that he left his lane.
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when he was most popular, it was his florida model. it was keeping things open, it was focused on freedom. it was being business-friendly. it was being low taxes. very much focused on all of those issues, very, very popular across the board. even got some support from democrats. when he started to become warrior for woke, focus on social issues, war on disney, talking about the six week rule for abortion he started to lose steam. he has to figure out who he is going to be. he promised trump-like policies without the chaos yet what we're seeing right now is chaos. he needs to slow down on social issues, figure out who he is going to be. his lane is very, very clearly the pro-business, low taxes, pro-freedom candidate. that is where he should stick. david: one more, the big battle, when it finally comes, if it is trump, and again democrats are playing kind of, walking on a very narrow road right now trying to prosecute him in some
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ways and again the political system shouldn't make its way into the justice system but it seems to have unfortunately but at the same time they don't want to harm him enough so that he couldn't run. so there is this balance between what democrats, the damage that democrats are trying to do against trump with their desire to have him be the candidate. >> you know, i think that democrats are shortsighted in wanting donald trump to be the candidate. i think they would be easy to beat. i don't think that is necessarily the case. 93% of those who voted for donald trump approve of his presidency and more likely to vote for him again. 45% say that they are more excited to vote for donald trump in this election than they were in 2020. so he will not be that easy to beat and i think democrats are shortsighted if they think that is the case. david: great points always, lee carter. always a pleasure to see you, thank you very much. breaking news rattling the business world today, disney
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beginning its larger round of layoffs. thousands are getting pink slips apparently. there is bed bath beyond filing for chapter 11 after recent attempts to save the company. if you have the discount coupons from bed, bath & beyond you better use them today and tomorrow. jonathan hoenig and david nicholas are standing by what it means for stocks and the economy right after the break. ♪.
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think i might look into one myself. stay in the home and life you've built for years to come. call... to receive 50% off the installation of a kohler® walk-in bath. and take advantage of our no interest for 12 months financing. ♪. david: breaking news, bed, bath & beyond filing for chapter 11 bankruptcy after last minute attempts to keep the company afloat unfortunately failed. we have market watchers jonathan hoenig and david nicholas hear to tell us more what it means not only for bed, bath & beyond and all the coupons my wife has, more importantly for the entire economy. jonathan, even in the best of times you have what is known as creative destruction. that is, companies that for one reason or another have to move on and leave space for others but is this more than just bad business decisions made by one company? >> no, david. this is the market at work.
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it sounds a little dark. we should be cause for celebration here. bed bath beyond had poor management. they didn't react to amazonning, walmarting of the world. keep in mind 20 years ago they called bed, bath & beyond a category killer. they put a lot of small businesses out of business. what happens, shareholders lose money, employees will find new, more productive, usually higher paying jobs, and all the capital sucked into a very poorly-performing business will be reallocated this. is the system at work. would we be better off in government stepped in to save jcpenney or bed, bath & beyond? this is cause for celebration. this is capitalism at work. david: david, we have great system thinks for people that work there. it is very tough to work for a company that goes out of business. the david, the american consumer, a lot of questions whether they're healthy right now. we know the credit card debt situation is getting precarious. a lot of folks living paycheck to paycheck. does the demise of bed,
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bath & beyond mean anything what is happening to the american consumer? >> i think it does. obviously it is getting tougher for the american consumer. the cost of living, the cost of goods, the cost of goods i going up. shoppers and consumers vote with their wallet. bed, bath & beyond made a political statement. this wasn't everything, a couple years ago right after covid, bed, bath & beyond said they were pulling all of mike lindell's my pillow merchandise from their store. that alienate ad big portion of their customers. that is another thing, when you're already struggling you don't want to alienate your customer base even more. bad management, telling to the greater consumer as well. david: jonathan, i don't want to get too wonky talking about the u.s. dollar but it has been under a lot of pressure there is usually inverse relationship between the value of the dollar and value of gold. we saw gold shoot up to 2050 bucks more than that now gold has come down.
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the dollar seems to be strengthing a little bit. what is happening there? >> david, this is long-term trend. when you talk about commodities like gold or assets like the u.s. dollar, these trends play out over years. just as gold rose every year from 2001 to 2010 i think that trend is still in place. we own gold over at capitalistpig.com. the fact that coca-cola is up today, mcdonald's is up today, not far from the all-time high, these are stocks that tend to do well in a falling dollar environment because so much of their income and revenue comes from overseas. david: you made it non-wonky which is great. i want you, david, to make this non-wonky too. the fed next week comes out with another rate decision. many people say it is quarter point. it is done. the real question i have though, the fed is losing money now. made some bad decisions, not like svb but made bad decisions made elsewhere. should that be a concern for americans? >> yeah. you know, i have always said the
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market looking for one rate hike. i think we see two more rate hikes. inflation will not come down as quickly as it like. fed unlimited balance sheet, they can absorb losses obviously banks or financial institution can. i don't think losses are as concerning, given their unlimited nature of the balance sheet. david: david nicholas, jonathan hoenig, gentlemen, great stuff, good to see you both. coming up stranded in sudan. thousands of americans being told to shelter in place as fighting there insteps nice. claudia rosett on how this makes president biden look on the world stage. she is next. even deeper into parking spaces so people think they're open. surprise. [ laughs ] [ horn honks, muffled talking ] -can't hear you, jerry. -sorry. uh, yeah, can we get a system where when someone's bike is in the shop, then we could borrow someone else's? -no! -no! or you can get a quote
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streets. after navy seals, army special forces evacuate embassy staffers and their families. fox news national security correspond denned jennifer griffin has the very latest from the pentagon. what dangerous situation. >> reporter: amazing, david, and it is not clear of those thousands of american citizens how many are in khartoum, how many are asking to leave. it is a complicated situation with dual nationals, many of them who never actually lived in the u.s. so the state department is trying to sort that out right now. right now the u.s. military is flying unmanned surveillance drones over the dangerous overland route from khartoum to port sudan to protect a u.n. convoy exiting the warring capital. dozens of u.s. citizens joined the convoy. the u.s. military is setting up u.s. naval task force off the coast of poverty sudan to help assist 29 nations, foreigners, americans trying to leave the country. congressional leaders were
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briefed on friday about the high-risk evacuation of the u.s. ambassador and nearly 90 u.s. embassy personnel who had been pinned down for nearly a week in khartoum. the planning for saturday's rescue took place here at the pentagon in the chairman of the joint chiefs office in conjunction were joint special operations command at fort bragg. seal team six was asked to take the lead. >> this morning at 9:00 a.m. a contingent of u.s. forces lifted off from djibouti and landed in ethiopia. the aircraft including three hm-47 chinooks refueled in ethiopia before flying approximately three hours to khartoum. the evacuation was conducted in one movement via rotary wing. the operation was fast and clean. with service members spending less than an hour on the ground in khartoum. >> reporter: the three chinook helicopters flew in low over 800 miles in, 800 miles out. reporters were briefed just before midnight on saturday night that the mission was
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complete. about 100 u.s. special operations forces were involved in the dangerous extraction. hundreds of u.s. citizens, aid workers and teachers are still stuck in khartoum. the estimated 16,000 americans who live in sudan, most are dual nationals. many never lived in the u.s. when reached by the state department about leaving, u.s. officials said they told them they wanted to stay. >> the military and intelligence community forgetting our diplomatic personnel out. that was a dangerous mission to take them out by helicopter. >> reporter: as the u.s. flag lowered over the embassy, david, foreign governments were seeking to move into sudan. russia's wagner group has a history of smuggling gold out of the country. russia has long been seeking to build a military base on sudan's red seacoast line. then of course there is china as well. david: china is in the mix too. thank you very much for that jennifer. here is now independent women for run policy fellow, former
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"wall street journal" moscow bureau chief claudia rosett joining us now. claudia, we want to talk about "wall street journal" reporter who was still in jail in moscow but first this situation in sudan, i just want to read to you a quote from a guy named cameron hudson. he is a former chief of staff to the u.s. special envoy in the sudan. this is what he told "the wall street journal" the descent in violence happened to quickly because at the time they were talking to us they were preparing for war. we were planning for success and ignored the possibility of conflict. certainly looks like another foreign policy failure by the biden administration? >> oh, yes, david, of course it is. we were planning for success. they're always planning for success. what they're get something this amazing cascade of failures. this is the third time in less than three years that biden administration has had to carry out an emergency evacuation of a u.s. embassy.
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and while president biden and secretary of state blinken like to congratulate themselves on successful evacuations, which is not always true, that is not actually a good sign for how things are going in the world or for america. david: so you have afghanistan, you have the mishandling by the way, didn't involve an evacuation but mishandling of saudi arabia so many ways they ended up making a deal with iran, their sworn enemy for decades. it doesn't give you a lot of hope for the way they would be dealing with a coming crisis in taiwan, does it? >> no, and david, the quote you just read biden administration officials were just planning for success. there is reportedly there were really no contingencyies made, contemplated. they didn't see this coming and we also read that they were so intent on the negotiations for transition to democracy in sudan
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that they kind of neglected to build up ties with the sudanese military which are now vital. you know, all of this, it fits into a bigger picture. that is what really needs to be understood, in which the biden administration sort of lays out all the successes for which it is planning. we end up with war in ukraine, dramatically ramped out with credible threats against taiwan by china, what you just described in the middle east where china is basically moving in on u.s. influence in what was our old stomping ground there. while the biden administration goes on forever with this hallucination of iran nuclear deal that will do something or the other. this is a dangerous world and americans are ever more vulnerable in this world. that's right, be very worried about those 20,000 still in sudan. >> i wanted to ask you about china. we don't have much time. you spent time there you have had an incredible career
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covering entire world. you know russia extremely well as a moscow bureau chief. i want to bring up a colleague now. more than 300 foreign correspondents calling for immediate release of evan gerskovich, "the wall street journal" reporter held in on espionage charges as former bureau chief of moscow, what are your thoughts about evan and what he is going through? >> he is going through hell. it would be absolutely awful. the chances there is high likelihood, end of some ordeal, potentially stretching out for years he will be traded. president biden virtually guaranteed, this would be suffering, hostage holding something like this would be happening with swap of basketball player brittney griner, he brought her home in a exchange for notorious world class arms dealer, object of a worldwide manhunt for years,
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viktor bout, finally was in prison in america. then he went back. what that told vladmir putin you can get a very high price for american hostages. a "wall street journal" reporter is a very high value hostage. so i think it's terrible news for evan, for the journal. there will be a lots of talks going on behind the scenes but something will finally happen. it will be hell first, america will pay a high price. david: because the russian people so well, how they get their information, the last article that evan was a part of writing was entitled, came out in march, it was entitled russia's economy is starting to come undone. clearly that was too much for putin. he didn't want to give the impression to the world their economy was falling apart. is it conceivable that putin can stop information from coming in to russia? i know a lot of third world countries governments can but russia is a little more
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cosmopolitan. what are your thoughts on that? >> i think it's hard for him to stop information combing in but he has an enormous system right now for flooding the russian public with official propaganda. so it is competing with that in a big way. david: yeah. >> he also has a security system that makes it very costly for any individual to act against his government. so the the cost of acting on information from abroad becomes higher and higher. we've seen that in recent years, especially since the invasion of ukraine. so, yes it -- david: we're pulling for evan. we're doing everything we can to get him out of jail. let's pray for evan gerskovich. claudia, great to see you. thank you very much for coming in, appreciate it. still ahead more questions about the new mortgage rule that punishes people with good credit. amazing. are we repeating the mistakes of 2008 and 2009? former director of the federal housing finance agency, mark
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>> when we look to the future and there is a new housing crisis and there is a new default it is his actions but it goes to something much deeper. it is a socialist belief you reward bad behavior. what does it tell the american public? first of all there is no consequences for crime anymore. secondly, you know what? don't pay your bills because you get rewarded. third, don't pay back the student loans even though you signed paper, you said you would do it because you wanted an education. somebody will pay that for you. it takes away the work ethic in america. david: house speaker kevin mccarthy sounding the alarm on a new white house plan that will give, that will have americans with good credit status paying
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higher mortgage rates to subsidize higher risk mortgages. it doesn't sound like it makes a lot of sense. we have former director of the federal housing finance agency mark calabria. we'll get into whether it make any sense at the moment but is it really legal? >> that's a good question. they're trying to do it under equity plans under the conservatorship. this is questionable legal authority. it is worth remembering fannie and freddie are not exempt from antitrust laws. there is clearly example of price fixing here. if anybody wants to sue on that. there is questionable legal analysis underneath this. i suspect it will get litigated. david: incentives matter. that phrase, those two words, that two word-phrase i learned in economics, incentives matter this goes totally against the concept of incentives. this is incentivising bad behavior. and it is similar to what we saw
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in the early 2000s when we gave extra credit to people who had lousy credit. it just doesn't seem to make any sense. it does seem to be incentivizing bad behavior, does it not? >> based, you're 100% right. it is as if the biden administration completely forgotten lessons of 2008. we saw record homeownership increases when i was there running fhfa. we didn't do it by subsidies. we didn't didn't do it by loosening underwriting standards. we did it so the situation was stable. you go back to policies by the clinton and obama administration this is not bad for taxpayers but bad for the families involved. we're in deflating housing market. we may be looking at a recession. you see the attempts to pull marginal buyers into the housing and mortgage market at exactly the wrong time.
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david: to remind folks banks were encouraging some say forced in the early 2000s to give out loans to people very high-risk. people that didn't necessarily deserve those loans. a lot of people, some of whom were actually given these loans. it was kind of forced upon them. >> right. david: they had no capacity to pay it back in time. could we be at the beginning stage of that same dire consequence? i mean it may take years to amount to kind of defaults we saw in 2008 and 9 but is that where we're going now? >> i fear it may not even take years. i think we're probably in the second inning of a housing market correction if we see significant job loss. david: wow. >> keep in mind, low, borrowers with weak credit also tend to be the same borrowers who lose their job first in a recession. david: good point. >> if we see a weak economy, these are first borrowers who will suffer trouble, having a hard time staying in the home. again the subsidy element of it
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is bad enough. again a lot of people spend decades of their life trying to build a good credit history. david: right. >> suddenly we're throwing that out the window. again you will not pay more if you have good credit, you will pay more than relative you're used to. setting families up going to be on the margin. they will be the most vulnerable families. david: i remember talking to a woman who was a babysitter making 40 grand a year. she bought a 700,000-dollar house. did you have any idea, of course she went bankrupt. crazy to see that again. i want to get dave ramsey in. he has been big on credit for decades. what he said about what we're going through whether or not americans learned the lesson from 2009. roll the ramsey tape. >> to win financially you have to back up to have a vision for the long term and when you don't you borrow yourself into oblivion. that is what americans are doing again. car debt is at an all-time high
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right now. credit card debt at all-time high. looks like my career will be intact as long as i want it to be helping people to get out of the mess because they continue to make messes like case sy. david: i'm glad he has job security. very quickly, is he right on this? >> he raises a very legitimate concern. i'm very worried some segment of the mortgage market is simply becoming too leveraged, the debt burdens will be too high. average home honer will be fine. there is a sliver i worry about not making through this in a good way. david: the perverse incentives will not help at all. mark calabria, thank you very much. go to brian brenberg, "the big money show." hear what they have coming up. hi, brian. brian: meet a dem governor in favor of lower taxes. we'll talk to colorado governor jared polis. jimmy failla joins us we'll talk
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♪ david: the white house is preparing a major crack down on our power plants. the measure is already generating a lot of controversy. fox business's lydia hu has the very latest. hey, lydia. >> reporter: hey there, david. yeah the epa is planning to release rules that limit emissions from both new and existing power plants. as you said it is garnering a lot of attention because if passed this would reportedly be the first time the federal government limits emissions from existing power plants. now according to reports the rules could require almost all coal and gas-fired power plants to cut, or capture nearly all of their carbon dioxide emissions by 2040. we reached out to the epa that confirmed new orders standards are being reviewed. david, less than a year ago the u.s. peoplesupreme court limited
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the agency to corrects limits from power plants. this will have challenges from republican critics republican attorney generals that already sued the biden administration over climate policy. >> if the biden administration goes through with these new regulations they are meant to decapitate the natural gas and coal plants across america which produce over 50% of our electric power. >> reporter: but, the white house's climate envoy john kerry says the rising cost of gas and oil could level the playing field for renewable energy. watch this. >> we're seeing the price of wind and solar coming down still, even as the technology is getting better and it is going to be far more price competitive than oil and gas, if they have to spend huge amounts of money for carbon capture and storage and utilization. >> reporter: now these proposed rules could be unveiled for
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public comment as soon as this week. david, we'll send it back to you. david: lydia, thank you very much. power the future founder, ceo, daniel turner is here now. daniel, we're not going to be able to power the future if we disassemble all of our fossil fuel, all of our fossil fuel plants, are we? we simply cannot get the same amount of energy from alternative sources. >> no, we can't. wind and solar don't nearly generate the electricity that people like john kerry pretend that it does. for proof we have to look at germany. they have been doing it for 20 years, longer than we have. their prices absolutely escalated almosthundred% in the the -- 800% in the last 20 years. they had to implement price caps to stablize their prices. what happened to the german people, the german economy? why do we want to inflict so much pain on the american people because of the green agenda. shows you how the green movement
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never cessated. first coal, now natural gas. they are never satiated but the american people suffer itself. david: not only american people but the environment suffers. country have to turn to coal, immediate thing they have to get energy caught between a rock and a hard place. they can't get enough from solar and wind. eventually ends up using the dirtiest kind of energy. >> if you're and energy worker, especially natural gas, the great commonwealth of pennsylvania, the president announcing his re-election in next couple days. if you're from pennsylvania, one of 500,000 people that works in natural gas in that great state, what do you think about reelecting joe biden? what if you are proplaces like alaska, colorado, new mexico. natural gas-powered our economy, powered our national security.
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natural gas is so critical to our nation look you how vladmir putin weaponized it in the war in europe? why are we ceding the vital resource because of radical communist green climate agenda. david: this rule comes on the heels of a lot of other rules. there is one on new emissions for cars, that would put more, more pressure on all of our electric grids as we get more electric cars. so that would make it even more difficult to power those grids, avoid lockdowns but it also comes on the heels of this environmental justice executive order in which we have this racial component thrown into pollution controls. what do you think of that? >> this is added to racial conversations in our nation are generally felt with a lot of discomfort and that is why they introduced race into this agenda. it is meant to silence people who will not push the green agenda. there is no appetite for it, david.
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that is why they have to use the power the power of the bureaucracy and executive order. congress will not take up these issues. the president is trying to get it through the backdoor. i think the american people have had enough of it. david: quickly, daniel, we do have a supreme court decision about big epa rules that go beyond what regulatory agency should be doing. in other words, it should come from congress, not from regulators, from unelected regulators, west virginia, versus epa. wouldn't this particular rule be challenged in the same way? >> absolutely. you will see for sure the attorney general there of west virginia who led that patrick morrissey will step up. i also hope from west virginia, senator joe manchin. this is his committee chair of natural resources. he wants to be elected in a year-and-a-half. natural gas is vitally important in his state like coal. joe manchin has to have checks and balances of members of congress. david: it doesn't make sense. we can't survive something like this. daniel turner, thank you very
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oh yeah, that is them. (that is howard) yeah, that's on howard's campus. ohhh, she's so powerful, she carried on the family legacy. we were blown away. (chuckles) i not only was a student and an undergrad, but i've been a professor there for twenty years, so it's really a special moment to know that i had a family member who over a hundred years prior have walk these grounds. it's deeply uplifting. yes, it is. we're walking in their footsteps.
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