tv Cavuto Coast to Coast FOX Business April 26, 2023 12:00pm-1:00pm EDT
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number one. stuart: i go with springfield. the answer is? you got it right. franklin. there are 28 across the country. ash, we have a couple seconds left here. what is the most common last name in america? >> smith. stuart: yes. how many people are named smith? how many? >> i have no clue. stuart: 2.4 million. what is the second most common last name, the second most common last name, what is it? >> jones. stuart: johnson. johnson. >> i was close. >> third most common last name, what is it? >> oh, my goodness. i have no idea. stuart: williams. williams. >> williams? okay. stuart: neither of us will be the host of jeopardy, that's a fact. all up for us but "coast to coast" starts now. david: ahead on "coast to coast," rewarding risky behavior.
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a new rule aimed helping people with bad credit getting renewed pushback. congressman warren davidson of ohio is spearheading the effort to repeal the rule before it goes into effect on monday. he joins us coming up. douglas murray is here with the upcoming gop showdown with the head of the teachers union today. will anyone come to the rescue of first republic? the stock sliding again today for the troubled bank. the government reportedly looking the other way on this one. what is going on? we have the very latest. welcome to caught view toe coas- "cavuto: coast to coast" i'm david asman. kevin mccarthy is trying to lock down votes to increase spending cuts for the debt ceiling. chad pergram is here. >> reporter: kevin mccarthy
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scrambled aulder the debt ceiling bill because the bill would tank. it lacked votes. overnight they nixed repeals of ethanol tax credits important to corn belt republican. >> our district is very heavy with corn, ethanol, soybeans. we have a lot of farmers, investments with those that we need to protect. we brought that to the attention of speaker kevin mccarthy. with great depth, understanding he came back with a proposal we were willing to accept an move forward. >> reporter: all ford and entire delegation moved to vote yes. they did not put the bill before a committee or hearing or markup, they altered the bill in the dead of night. republicans promised not to do this thing if they were in majority. >> the bill was closed. there is technical changes. there is nothing of substance that was changed in the bill.
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the bill was closed. we will pass the bill. >> reporter: a tight vote matrix for the gop. one republican is out today. the majority can only lose four members an still pass the bill. however some gop members are unmoved. >> i'm a hard no. i just can't get $32 trillion in debt. people in tennessee work too hard. we manage the money. we do a terrible job here. reducing debt, not rate of growth. rate of growth that is a freshman sucker's bet. >> reporter: when asked mccarthy said he was quote very confident he had the votes to pass the bill. he says the house will vote on the bill today but it is unclear if this prods president biden to start talks. david? david: it is sort of like a game of chicken. taxpayers are at stake here. chad, thank you very much. appreciate it. the push and pull on capitol hill doesn't end at the debt issue. republicans are pushing back
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against the biden administration's rule changes on new mortgages issued through fannie mae and freddie mac which force people with good credit to subsidize higher risk mortgages. the rule goes into effect on may 1st. that is monday. some experts say, biden is endangering the entire housing market in the name of equity. one of the republicans whojebs to the rule is warren davidson from ohio. he joins us now. congressman, good to see you. i'm holding the letter that you wrote to the head of the federal housing finance agency. i want to read a part of it. you say this new tax, you call it a tax by the way, this new regulation, fails the basic test of fairness by punishing borrowers who act responsibly and will in turn incentivize homebuyers to reduce their down payments and carry additional debt. now we saw what happened when we encouraged risky mortgages back in the early 2,000s.
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we ended up with the 2009 financial crisis. could the same thing happen again with this? >> it incentivizes all the wrong behaviors. you know, why would you want to have somebody go deeper in debt instead of putting a down payment, particularly the most credit worthy people? so you have credit worthy people being subsidizers for people who, look, this isn't just at the highest end. the median credit score for mechanic is about 710. this subsidizes people that become payers if their credit score is at 680 or above. most people will subsidize the cost of giving better rates to people that have worse credit. so why would you want to make it easier for people to have bad credit to pay the same price or lower price than they would otherwise pay? david: you know, you mentioned in this letter, it is not only the housing market that could suffer as a result of this. it could be taxpayers forced to bail somebody out? >> yeah. i mean if it snowballs, certainly gets worse. you're talking on a
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400,000-dollar mortgage, essentially 40-dollar tax per month on people. taxes need to go through congress. this agency doesn't have the authority to create a tax and we asked them to stop doing this and they're moving at a pace that they can't even fully get to. there is a worst to come in august. they want an income, debt-to-income ratio will come in and make it almost impossible for people to go to closing. there will be last minute changes, revisions to the closing documents all the way up to the moment of close. people will be affected by this made offers on houses in april that go to close in may, that terms will change a little bit. david: now the change is due to go into effect on monday, may 1st. you don't have much time to stop it from happening. how do you propose to do that? >> well, we asked them. that is the point of the letter. we'll have a hearing in may. we have to have notice, procedures, to have hearings. we'll notice a bill. that is the way the process works in the house. you know we notice a bill.
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we'll vote on that bill later in may. an hopefully legislatively that has to get through a path. we have a congressional review act path. the other thing people will be harmed by this immediately. it is potential for a court, article iii court to step in say you can't do this. david: that is what i was going to say. you're suggesting it goes against the constitution. regulators, unelected bureaucrats are not supposed to be ones put in new taxes if in fact a court recognizes this as a new tax. are you going to file charges sometimes soon? >> well, certainly be participating in that. you know, we'll make sure we find somebody who has standing who has been harmed. that is the downside of our courts a lot of times you have to wait until somebody is harmed to be able to intervene in the courts. we're trying to stop before there is harm, the hard thing, hard for people to believe, people understand the implications of it would go along with it.
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some people do understand the implications go along with it. that is the bulk of the folks. the really troubling people are ones that understand the implications that is why they're for it. that is what is going on with the issue of biden administration on issue after issue. david: there is a broader issue here, power of unelected bureaucrats in our government to impose taxes even change law. senator manchin, joe manchin from west virginia, wrote about this with so-called inflation reduction act. he thinks it is a green energy bill. the law intended idealogues, bureaucrats, employees seem to violate, subvert the law to advance a partisan agenda that ignores both energy and fiscal security. do you think he is right? >> 100% he is right. of course that is why i voted no. that is what republicans said who broadly societied no on the inflation reduction act.
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joe manchin one went along with it. for joe manchin and krysten sinema, build back better downgraded to the inflation reduction act, would have been five trillion worth of green new deal instead of one trillion green new deal. they're note following the text. that is the point. these people advance a agenda at odds with our constitution, at odds with the law. it is at odds with the understanding that builds the consensus for america. they said they want to fundamentally remake america. they're working to do it. not just by spending more than we have, bankrupting america financially, they're bankrupting our country morally with all these strings attached, all these riders. we need the courts to weigh in to act more swiftly than we can in congress. we're taking every step at the fastest pace we can through our committee. i chair the housing insurance subcommittee, financial services committee. david: let us know what happens, congressman. that is an important battle. thanks very much for being here. appreciate it. >> thanks for covering it. david: first republic bancshares
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plummeting again as the troubled bank announces a 100 billion-dollar deposit exodus in the first quarter. the stock down another 18% today after yesterday's drop of 50%. the question now, will the bank go under or is it too big to fail? real talk capital ceo rob luna joins us now. rob, good to see you, can first republic survive? >> i mean doesn't look too good right now. i don't think the senior executives are doing much to help the cause on conference call monday. they refused to take shareholders questions. when you have over $20 billion in unprotected deposits there, people are watching the news just like right now, deposits fleeing there, people will move with their feet and ask questions later. kind of becoming this self-fulfilling prophecy, proverbial run on the bank. it does not look too good right now for first republic. david: people wondering whether again if it is so big, would cause a cascade, that hasn't happened yet.
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there are some other regionals like pac west, pac west is up substantially today, other regionals are up but are you concerned if it goes completely bust it will create the cascade effect? >> i think every crisis is different. last time we saw a real liquidity crisis in 2018, 2009. when the underpinning of that crisis is the financial institutions, that is a big worry. this started not 250 long ago from silicon valley bank. it started to spread from there. what everyone started looking at then, the amount of deposits uninsured, meaning over the fdic limit. this is one of the companies that came up, short sellers came in, people started get worried about their money but the bigger challenges outside obviously if you're owning a stock like this, what this will do to the underlying economy because remember 64% of jobs in this country are created by small businesses. small businesses are the ones that are doing business with these community banks. these are the ones that like
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silicon valley are actually funding innovation and when you start to get too big to fail only for three or four biggest banks, that creates a moral hazard. that is a big issue. david: what happened, the government convinced big banks to chip in and help out with first republic. what happened to that money? >> i think they're a little worried. goldman sachs has big investment and other banks. as the deposits come out, the government set up one year backstop in terms of treasuries we have. it doesn't look good, as we know now the speed of change, speed of which these things happen is cascading risk effect. it is scary. the risk management departments are up in arms. they don't know how to protect it. they're worried about their money as i believe she should be. david: you've been warning about this a while, rob. analysts were saying no, first republic is safe but not you.
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rob, appreciate it. >> thank you. david: breaking news disney filed a lawsuit in florida against ron desantis and the oversight board. the board named by desantis. disney said it was forced to defend itself against the state weaponizing its power to infleck political punishment. the stock now is flat. we're going to be following this story very closely for you right here on fox business. coming up sounding the alarm on the border crisis. today we're expecting to hear from a whistle-blower who says the u.s. government is a middleman in child trafficking. texas congressman pat fallon is here. he will react to that right after this.
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from across the country. they provide the potential for regular income... are federally tax-free... and have historically low risk. call today to request your free bond guide. 1-800-217-3217. that's 1-800-217-3217. david: breaking news for you, former arkansas governor asa hutchinson formally announcing his bid for the white house. he will join a gop field with former president trump and nikki haley. there he is talking about his run coming up. well, meanwhile a whistle-blower is expected to issue a stark warning to lawmakers today, the u.s. quote has become a middleman in a multibillion-dollar child migrant trafficking operation at the border. joining me republican texas congressman pat fallon for more on this.
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congressman, the headline of this story is horrifying, the united states government somehow would play the middleman in this. is that true? >> thank you, david, for having me on. absolutely. joe biden and his administration not only enabled but facilitated the largest sex trafficking human smuggling operation in human history. it has been going on david, for almost 2 1/2 years. we had seven million people cross the border illegally in the last 2 1/2 years. we have lost contact, the hhs has lost contact with 85,000 unaccompanied minors. what most americans don't realize drug cartels charge up to $4,000 per person to cross the border. if you don't have the money, they will make you a mule, harm you or quote, unquote work it off. that is why sex trafficking is alive and well in the united states. david: no question the number of unaccompanied children crossing the border dramatically increased. it was 33,000 in 2020.
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which is a huge number. 2022, two years later, went up to 152,000. look at this just so far this year, we've only gone through a third of the year, 70,000. that could lead to 210,000, even higher for the full year. so the numbers have dramatically increased but again, i just want to be clear, it is not necessarily the government is helping specifically, consciously helping traffickers of children, this awful, awful crime. it is just that could be the consequence of their actions, right? >> david, there is no doubt it's consequence of the actions. you just said in stating those figures 700% worse than it was under donald trump and his last year in office. that is what happens when you have these soft immigration policies allowing people to come in droves. the drug cartels are some of the most evil people on the planet. david: terrible. >> they are controlling, david,
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they're controlling our southern border, not the federal government. david: nothing more evil than people that abuse children. that is the part of this just really, it is evil. i'm wondering, the extent to which, at one point, there was, the operations included warehouses in which children are kept under armed guard. that is the sort of thing i would think a community would notice, the fbi on to this? is the fbi doing enough to track down these warehouses and other big facilities that might stand out in a community? >> i do not think the federal government is doing nearly enough. we should be securing our southern border number one, so we don't encourage folks to come across illegally. what people don't talk about, particularly folks on the left? 30% of young women transit to mexico that tom to the united states are raped, sexually assaulted along the journey. it is very perilous, dangerous, the cartels care nothing about
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human dignity. they care about one thing, that is profit. we need to call them out for the clear and present danger that they are because sexual trafficking but also slavery in this country is alive and well. david: congressman, i want to switch fierce, -- gears, i know you're interested what happened in afghanistan, the afghanistan withdrawal, the white house frankly white-washed their own responsibility for the awful things that happened during the withdrawal as a result of the way it was carried out. what is the next step figuring thing out there? >> we had a hearing. we had a hearing in the oversight committee. we need to have another hearing on i believe on armed services committee which i sit on both. what ended up happening, joe biden promised, you remember, david before the withdrawal it would not be another vietnam. it was almost exactly like another vietnam. he listened to the wrong people, not military experts on the ground but the state department. we took 2500 troop level which pentagon said was minimum to
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hold bagram and kabul and went down do 650. what we left bagram, scumbag prisoners escaped and one was suicide bomber that killed 13 american servicemembers. left $80 billion of equipment. somebody has to be held to account. to date, david, nobody has. david: we'll see if details come out, i'm sure they will, the question how long it will take. congressman fallon, thank you for being here, appreciate it. >> thanks, david. david: tech stocks getting a boost today after microsoft reported better-than-expected earnings but how will a.i. impact big tech going forward? we'll be digging into that coming next. ♪.
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tech companies highlight the push to a.i. in earnings reports. kelly o'grady with more what we may learn from meta. right now microsoft is killing it. >> reporter: really getting a boost with the report they are investing. meta i think will be really interesting today. we'll geta read on them after the bell where the social media giant stands after major layoffs. remember they cut 13% of staff in november. david: that's true. >> reporter: they cut thousands of jobs a week ago. we're expecting more cuts next month as well. now what we're thinking both earnings, revenue, they're expected to be down versus last year. alphabet yesterday gave us a mixed reading on the digital ad market. investors are eaganner toker to see what meta shares as well. the company is scaling back, focusing on virtual reality, augmented reality, cooling on the metaverse after they
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branded. the company publicly admitted they're playing catch up in the space. they're investing heavily to chase its competitors which speaking of microsoft and google highlighted a.i. as strategic priority during the earnings, despite up-front cost accruing. alphabet broke out a.i. cost for first time, took a 3.3 billion hit last quarter. chatbot, summarizing email threads to drafting presentation the race to one up each other comes with potential dangers. a new report, warns a.i. bots, like chatgpt could leave cops open to data leaks. not only is the trusting the bot security is up to par that the content is correct. i found this fascinating. hackers have been known to jailbreak a.i. bots. the real worry that they are fed information that they believe is correct. they can't isolate security risks with one application with
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countless companies using chatgpt in. you have chatgpt create a internal company panetation but you're trusting the this information to third party. they accidentally leaked source code, media audio in an attempt to speed up productivity. david: the more you hear about thee days, more you hear what happened, the more you understand why elon musk and others are concerned what could happen. virtual reality, meta reality, what happened to reality? you wonder how reality is suffering our perception of it. >> reporter: 2000. david: so 2000. how much more will a.i. algorithms impact these companies and editorialize searches? that is what i'm very concerned about. for that i bring in net choice vp, general counsel sam szabo. thank you very much for being here. i remember, kelly was chiding
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me, i'm so two thousand. i remember about 10 years ago when i began to see searches becoming more woke particularly in google. you search something like global warming, you just saw things that, were proponents of one side of that debate. a.i. could really accentuate that change, could it not? >> that is an excellent point. what we've already seen, chatgpt and open a.i. both kind of microsoft products they have been accused, found to have a lot of woke built into them and it is one thing to integrate it into search. it is already being integrated into bing. google is looking to put bard into their search. you heard there is a lot of security threats and security problems. once you begin using a.i. for business level products, business level services, a lot of trade secrets get exposed.
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so what we really need to do is to create kind of, you had ice isaac asimovs three rules of a.i. accountability, transparency, security. let people know what you're talk to a.i., accountability, every law should apply to a.i. and security. before we inject these services into office suites and stuff like that, make sure they are secure, the trade secrets used don't end up going back to the open market. >> carl, you're an attorney. i want to get your take on disney. really quickly we know our searches are collected and filed to get a profile who we are for advertisers and stuff. how is that information going to be used by a.i. for their input? that could be used in more devious fashion, quickly? >> absolutely. that is why we need the transparency, we need the accountability. fortunately there is a lot of
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competition in the marketplace. if it gets too woke you go somewhere else. david: real quickly an disney, suing florida governor ron desantis and his oversight board, it's mess. where does this all end? >> seems like they're trying to play out the court of public opinion. that is where it will play out. disney is trying to put pressure back on governor desantis. governor desantis will run for president and this is huge distraction this is public pressure campaign done through the courts. likely have a settlement. what we don't want is weaponization of government regardless who is doing it. we've seen it by the twitter files done by the biden administration. conservatives, republicans shouldn't dot same thing. it will play out in the court of public opinion. david: it looks like disney is taking advantage of the political position now of ron desantis. they see him being weak on this issue nationally on his play to become president, right? >> it is absolute disfor ron
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desantis, as we learn from bowed did, if you go woke, people vote with their feet. whether a.i., ron desantis, whether it is disney, let businesses decide what is best for them, let the people vote with their feet. david: great to see you, carl, thank you very much, appreciate it. coming up teachers union president randi weingarten to testify on capitol hill over school lockdowns during covid. fox news contributor douglas murray joining us on the damage done to our students and schools during the pandemic. ♪. doors lead us to places we've never been. your dedicated fidelity advisor can help you open those doors. they can help you create a retirement-income plan designed to balance growth and guaranteed income.
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political interference when it comes to keeping schools closed when it comes to covid-19. washington correspondent aishah hasnie has all the details. what can we expect to hear today? >> reporter: david, winegarten is expecting to tell lawmakers that her union had any limited role in any cdc guidance involving schools, that the relationship between the two agencies was really normal but house republicans on this committee they're not buying this. today's panel is investigating potential political interference by the american federation of teachers with the cdc, specifically, lawmakers are drilling down on language that was suggested by the union that wound up in the cdc reopening guidance in early of 2021 and david, critics say that the biden administration here followed aft's influence, not the science which they blame for the failing grades and the rising mental health issues that
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follow. >> instead we got guidelines from the teachers union that were just plugged right into the cdc guidelines without question, without changing one word. we're going to be pointing that out. you know the other thing is, the teachers union, they were more focused, brian on what they need to be closed as opposed anything in the conversation about what they needed to be open. they wanted a trigger for closure. >> reporter: winegarten may be joined today by newly hired attorney michael bomb witch is coming out swinging, accusing the committee of basing the investigation on false allegations n a letter to chairman brad wenstrup, he wrote this, the claim the aft's agenda was keeping schools closed and it shifted cdc's guidance to match that agenda is utterly false. winegarten will have a chance to back that up when she is under
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oath in couple hours. david: indeed she will. thank you very much ashiah. war on the west author, fox news contributor douglas murray. thank you for being here in person. winegarten wants to deny she had that much to do with school closings et cetera. we have a paper trail. >> that's right. david: we have the emails. look it up on the web if you want, but in february, early february, 2021, you have the office of the presidency here, contacting people at the cdc saying look, we want randi weingarten and the nea, ran di with aft, the other teachers union, we want the unions in on the decision, goes through the specifics, william mack entee everything they want the nea and randi weingarten. couple days later, three days later, we have the cdc contacting randi weingarten, saying we're excited about having you as part of all of this. i wanted to follow up with all
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of your calls. we want you to be involved in operational strategy for k-12. so there is a paper trail indicating a clear conjunction between first the white house and the cdc and then the cdc and randi weingarten. >> that's right. of course we know that now with phone logs to back some of this up as well. of course randi weingarten spent last couple of years trying to change, let's say the history of what actually happened during this period. she has been trying of late to pretend that she was sort of always for opening schools earlier and we know that not the case. it will be very interesting to see what she actually says in congress under oath, under oath today because, because her statements on the record have been all over the place and contradictory. i think what, what the record shows that winegarten's primary concern was members of her union. it was always about protecting
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the teachers, much more. the issue of -- david: which is what she is paid for let's be clear about it. >> what she is paid for, what are the teachers for but to educate the kids? david: that's right. >> children we knew very early on in the pandemic were the least at risk from the covid virus. so, and of course, as time has gone on you can see the motivation for winegarten pretending she wanted to open the schools, because as time has gone on we see more and more effects of lockdowns and school closures. david: we're always hearing follow the science which is very good advice because they were not following the science. we had examples of other schools in other countries followed a very different protocol, involved keeping schools open of the they had very, very reinfection rate among covid infected. the number of kids that died as a result of covid infections in
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these country was miniscule if nil. >> almost nil. compare that with the falloff in grade achievements. we have evidence of now in american schools. one of the striking things to me about winegarten, i wrote about this last week in my column in n the "new york post," there is nothing she doesn't throw herself into. war breaks out in ukraine, randi weingarten goes to ukraine. why? still a mystery? still a mystery? anything to do with critical race theory, critical politics in america, winegarten is straight there. the one thing she doesn't give a priority to that american kids going to the classroom and doing well. that is one of the reasons why on her watch educational achievement in this country still continued to decline -- david: that began by the way, that decline before the pandemic. >> exactly. david: that she is paid to represent her constituents and
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her constituents are membersof the union. the question is politicians. when politicians care more about the what the union thinks, what randi weingarten wants, how they're working with the cdc, i wonder should they care more about parents, their concerns than they are about the union concerns? >> that is absolutely right. not the least political donations from the union. there is so much political chicanery going on about this. but i reiterate this point, american kids have been very, very badly let down in recent years. one of the ways in which winegarten has responded to that, among other things, maybe we need to do away with standardized testing. doing away with standardized testing would enormously help randi weingarten. it would be like, i play tennis quite badly. i could say i like the net to be put down from now on. my game would definitely be
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improved but it wouldn't really. david: we've seen this all over the country in fact where it happened in new york where they wanted to lower the standards as a result, instead of trying to bring test scores up, they want to lower standards to sort of justify their role here. >> yes. david: but the bottom line is, we got to jump, but bottom line is we spent a lot of money on education, k-12 by the way almost $200 billion from all the covid relief program. we have still don't know how all the money was spent. the department of education cost at least $80 billion. americans think with scores going down, us paying more, there is no return on your investment. >> the state we're sitting in new york, almost $30,000 a year per child on education. can anyone tell us honestly that is money being well-spent and that other countries aren't doing better with far less money per pupil? this is on winegarten and their colleagues. i wish they gave as much attention to american pupils as
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they do to the union. david: i certainly wish the politicians would give more attention to the people they represent. douglas murray, the book again, war on the west. pleasure to meet you. >> likewise. david: let's check in with taylor riggs to see what "the big money show" has coming up in just about 15 minutes from now. taylor. taylor: david, coming up after your show, marsha blackburn you know her as the senator from tennessee talking all about the migrant crises as well as on heels of big tech earnings. everyone is talking about a.i. is it too late to pause if china is full steam ahead? we'll break that down with the senator. all that coming up at 1:00 p.m. first more "coast to coast" is next. ♪.
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sir, it is interesting situation. describe who jimmy is, why the chinese communist party is so intent on keeping him in jail? >> well he is and entrepreneur first and foremost. then he found ad couple of hong kong publications, apple daily, and next media. the chinese communists hated it, it with pro-freedom, pro-free market. it was a thorn in their sides. he kept it going, at the end he was subsidizing it to an immense amount. he always said they can close it down but i won't close it and they closes it down. they put him in jail on trumped national security charges alleging foreign collusion to overthrow china or something. it is ridiculous but he won't give in. david: you say in your piece the reason why they keep him in jail because they regard him as the
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mastermind behind the popular resistance to the liberty movement inside of hong kong and that's, that's it. they're more afraid of him ironically, even though they have him in jail than he is of them. he is a billionaire, by the way. he could have left at anytime before he was arrested, set up shop anywhere in the world, and been very comfortable. he stood his ground. he stayed in hong kong, knowing he was going to be arrested? >> yeah. what the communists do, they put out official lies and to get by you have to ascent to them. jimmy wouldn't do that, and he wouldn't save himself even when he did that. that is why in my column endorsing two groups, a group of congressman and a group of academics have proposed a nobel prize for him. i was obviously endorsing that but the reason he is in jail, he won't ascent to lie. david: yes.
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>> nathan sharansky, soviet dissident, now israeli politician, he and jim my used to podcasts. they're peas in a pod. he talked about how to be a free man in prison. jimmy is doing that. he is not going to plead guilty to ridiculous charges because he won't give them satisfaction of admitting guilt to one of their lies. david: giving up our freedom for the sake of liberty used to be one of the hallmarks of receiving, those who received a nobel peace prize. that is what what what it is suo exemplify. if he is not the perfect candidate i don't know who is. thank god for your work too highlighting his case. the guy is pretty close to a saint. bill mcgurn, thank you. great to see you. very quickly. >> okay, thank you. david: very quick last point, go ahead. >> last point is today the
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cato institute in washington, d.c., announced that jimmy recipient of the milton friedman prize for championing liberty. david: good muse. >> so he is being recognized for his achievement all around the world. david: he is a hero. bill mcgurn, thank you very much. my friend, appreciate it. more "coast to coast" right after this. >> woman: why did we choose safelite? we were loading our suv when... crack! safelite came right to us, .. with a replacement we could trust. that's service the way we want it. >> singers: ♪ safelite repair, safelite replace. ♪
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>> president biden announcing his candidacy for reelection. job creators calling out his, quote, dysfunctional economic performance. joining me is job creators network president and ceo alfredo ortiz. you are always stirring up trouble. you added the new york edge to the whole thing by saying if only there were little blue pill for your performance issues, make a little viagra reference. >> thank you, great to see you. we were excited to erect a huge billboard over time square to point out the dysfunctional economy he presided on, the drop of real wages for the american worker 24 consecutive months. we can't afford four more years
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of failed policies. dave: president biden yesterday tweeting out my economic plan is a blue-collar blueprint to rebuild america. it is for you. the idea he is appealing to the blue collar, because of inflation, lost real income is high-handed. >> it is high-handed. and look at the groceries alone. and and the myth and the lies, a full-page ad that highlights his top four myths and the reality. he said, hey, when i took over office inflation was already high. it wasn't. it was 1.4%.
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over two years, a total of 15%. real wages are hurting. dave: how are the job creators in new york doing? >> they've been struggling through covid, those that could have fled to places like florida and texas and georgia and we feel sorry for a lot of those small business owners in particular, don't know how they could survive a city like new york anymore. dave: we've been in doldrums before and worked our way out. let's hope we can do it again. thank you for being here. that does it for us on coast to coast. taylor riggs and "the big money show" starts now. jackie: i'm jackie deangelis. taylor: i'm taylor riggs. brian: and i'm brian benberg.
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