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tv   The Evening Edit  FOX Business  June 2, 2023 5:00pm-6:00pm EDT

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see what i do believe is less were going believe the country is rebelling against joe biden's crazy left-wing green new deal suckers than some of damage in rebellion is a very very good thing many to believe that liz mcdonald, is up next. liz: yes were taken on some people would only play or pay $20, for on climate change for
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that is about the cost of a welcome mat, that's amazing. kudlow: he spent 20 trillion people don't even want to spend $20. liz: gracious, that's where we are at the station will stay on this theme human covering and we have more of the action out of dc at this hour, fresh new angles and we will show you president biden fall yesterday and alice who saw it say that he's not up any sound of running again and also the details former president trump, hammering away and president biden at the fox town hall and congressman jim jordan launching a new oversight probe of the special counsel on trump and we've a new twist to the fbi document sorghum another thing and vice president biden engaging in vibrate and jampacked showed with gotta get to this, the experts warned that the white house cannot just yet to get a lap over that strong jobs report, by the white house edward lorenz. reporter: yes you know in the last economy created more than three and 39000 jobs was january
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of this year, very strong report but it is a problem, the federal reserve but i can see the economy slowing down in this lower job growth, and the unemployment rate is rising more than it has and if you look at the big concern, you peel back the onion on this and showing that we have fewer total people working this year there less productive and pre- pandemic levels and this is consistent with sluggish economic growth. >> while the establishment survey shows this enormous blockbuster drop again, the household survey actually shows the employment level declined by 300,000 the number of unemployed americans rose by more than 400,000, there's a huge increase in his report never job losers. >> in this report also inflation outpaces wages again, average hourly ways in which is rose forth .3 percent but overall, cpi inflation is a 4.9 percent of the time, now we've got her directly from president biden nick today, and is usually on
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camera talking about the jobs numbers by now but here's the white house secretary and how she spun the rising employment rate in listen. >> are economic experts think that they moved in a different direction this month is mainly because of the way they were categorized and jobs were categorized specifically seven plummeted that is a jump from 3.4 up to 3.7 unemployment and in more than 300,000 jobs created justice last last month is assigned a very strong labor market and the resilient economies. reporter: many experts of the drudge report does make it more likely than federal reserve raise interest rates at quarter of 1 percent on june 14th, and of the fed is indicating speeches from border of governors that they have caused with the data may force an increase. liz: that's pretty reporting reporting thank you so much in a split-second joining us now, forbes mceachern editor-in-chief see forbes of economic approach from a great writer both great writers list and first to use the family think of the jobs reportedly should point out that
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that bureau of labor statistics just in a major major downward in the fourth quarter of 2022, they did not throw for nearly 5 percent actually dropped 0.7 percent as seen from has a heckuva revision in this swinging wouldn't you think what edward just reported. repo.guest: i think it's very important also the wages work went down in effect in the matter is that household survey which founded drop of over 300,000 jobs, not an increase of three and 39000 jobs, that is an indicator the small businesses are starting to pull back even some small businesses are still trying to hire so you have people working fewer hours and you have a wages not keeping up with inflation and some storm signals coming on the small business front and labor market is a lagging indicator come the companies haiti layoffs unless they have to so i think the jobs report despite a great headline come i think that spells trouble ahead and i just wish the federal reserve would get off of this ticket has to depress the
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economy to fight inflation. liz: would steve just said what you think liz. liz: well i think it's right in there were some warning signs in this and obviously the job losses and people being fired and i think they were up 15 percent year-over-year and i think the job market is that an infection point and i think the job editions when they come down from this disparity between household and establishment, somebody should be paying attention to this and i assume the fed is that when you see that the average hourly earnings are not increasing as fast as they were, the suggest the market is not really as tight as a numbers would suggest liz. liz: and yes oh inflation searching through those wage gains is up like six - 7 percent loss wage gains out of this white house and you know, see from even democrats are going really concerned just about to show will will show the viewer, new angles the president of biden, following yesterday's air force ceremony and the president coming can see here yes we told come over to go and he looks lost employees of the gaps that
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he made in the present later bumped his head on the doorframe every 1 penny also accidentally saluted the press corps and was watch. ♪ ♪ ♪ ♪ ♪ ♪ biden: by the way i met with those guys the fire shortly relate divert of them haven't you, three of them are women. >> don't screw around guys. [background sounds]. biden: if humans ago, the scotus become a national security advisor, who is out here and i was told that he was unavailable and it turns out, that he was doing loops and rolls unrequited and i if i could do that today at the secret service they said
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will have to shoot it down and i was graduating high school, 300 years ago. [laughter] i applied to the naval academy. liz: no he didn't that didn't happen in your sleeve were not even in the thick of the 2021st season, it was like the president cannot handle routine public appearances and this is the rose garden strategy what will happen when he needs to do multiple events in a day. >> will i think that this -underscore something that i thank you so been evident for months, as part of the political pundits say, i don't think the biden is going to be democratic nominee in 2024. i don't know the scenario will be to have him remove himself like lyndon johnson did, voluntarily back in 1960 hey, but he will not be the candidate and is not equipped florida nobody believes that he can handle four more years, with this kind of a pressurized job predict the polls, have shown that the public does not believe it either something will happen
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in the months between now and early next year and that is going to mean, real problem for the democrats who are they going to put up in 2024. liz: is a major issue business get your reaction to former president trump the fox town hall which on any talked about trump russian allegations provided family corruption, and what republicans call the book military writing during the strategic reserves to lower gas prices/former president trump be back from the date a good and i was under siege by people do have been in washington for many years, and thereby many different presidents and they spidered my pet campaign and it is also some things, i was under investigation and under seizures and some are my people and i was not tempo i would not be here right now when you look at all of this criminality like the laptop that estimate the front and are being protected and is a one-sided system, very unfair system and you cannot have law and order in the country we have
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such corruption. >> a lot of things going on for military look at all of this nonsense and their you're not learning to fight and protect us from very bad people in the running awoke, and the strategic national reserve. >> i backup back. >> then he took it to give the prices down before election and the thing is almost tempting out, and that is meant for times of war it is not meant to keep the price down for an automobile, it is meant for war, for real problems sweetie what you think liz. liz: well, has usual, he had some with something people actually care about invited has indeed, during the strategic petroleum reserve and certainly is close to zero but he did sell a whole whopping amount oil to bring the prices down before the midterms and we all know that it was not an emergency, it was a political emergency liz, so i saw part of this and trump is the numbers are wrong and everything else but reality is, that is usually at its a kernel
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of truth in what he is saying hello, i mean, i think these are issues that people care about as far as him being, hundred siege and all the time, bullock, that his wife his bases loyal and i think you feel that he's been incredibly unfairly treated. and is been attacked from day one and unfairly in the justice department has been weapon eyes behind entered against him is unconscionable is in a continues to go on in the favorable treatment of the bidens versus the unfavorable, treatment of donald trump and is pretty bad. liz: steve forbes and liz peek thank you for joining us in this will come to the show congress but it's good to see you sir and so we're the news that the fbi now wants to bring the document to capitol hill and so the lawmakers can see it that is fbi whistleblower alleges details vice president biden was involved in a 5 million-dollar bribery scheme than summer of 2020, with foreign national in exchange for adjusting and changing of the policy, we be
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able to read the document and when you know about it. >> while is, what we know is this source is highly credible and we want to make sure to think someone obviously we have to check and see the veracity of the information but also, to make certain, that the fbi followed up and did their due diligence, to investigate this and make sure to either if it was true, to open up a case and it was not, the night exhausted elite and we don't know that for sure. german cormorants going to check this out, that could rival director will bring it over i would like it if a member of the committee see it as well and time will tell on that. liz: so fox news david spot reports the fbi document and its origins in a group of documents connected to rudy giuliani, the lawmakers are saying, this is what that is a matter in the fbi moved on it printed now we have "fox news" reporter rick sigman, breaking the news is that fbi confidential human source on
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this, is highly credible, has been used by the fbi and multiple investigations dating back to the obama white house. >> exactly, so this is a very credible source it will be very interesting to see what the document actually contains is this is rather but has specifically liz, as far as the $5 million it was a particular country with these foreign nationals, to effect if the policy decision. liz: so then we have this, house judiciary paradigm jordan conducting oversight of a special custom objects mess investigation into former presidents from availing of pacified and coming off of the special counsel john durham reporting detailing serious problems the way the fbi was investigating trump russia. >> yes, he often says that he was targeted and targeted and unfairly but every time that we investigated it seems like that he is absolutely right, he
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simply accurate pretty and a big target on his back and they kept slinging arrows at him and that is not something that i ever want to see renee americans americans once they come the obi the justice department doing the weapon icing for political reasons. liz: so also, president insisting he did nothing wrong, he was talking about seen as report was leaked it is a god leaked it, to an audiotape of the former president of talking about a classified documents, detailing potential attack on iran you see what is going on in the media critics are saying, this doj is leaking again to go against trump but circling the wagons around president biden let's watch this. >> everything i did was right, we have the president records act which i divided by 100 percent biden has 1850 boxes with a lot of classified stuff that he is not supposed to have in his case, an event right to be classified as president and he has 1850 boxes that he does
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not want anyone to see any had seven or eight boxes in chinatown in washington dc, nobody even speaks english in chinatown and secret service is all of the bison mar-a-largo is afford and it's a continuation of the greatest witchhunt of all times and it is a hoax sweetie of congressman, what you think the 1850 boxes were president trump is referring to reporters are sing the starknessniversityf delaware 2012, but the president biden has been accused of mishandling classified documents in his films and in a garage and offices in dc what is your take on former president trump your. guest: will president trump is right, so much as he can declassify is present nearly everything and obviously nothing to do with nuclear secrets or in a human sources that we have overseas but anything else, he has that authority. the vice president does not know authority and will be seamless as the justice department under president trump lee connolly, like but not joe biden the
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plugging everything up protecting him, circle of the vegas. liz: so we have is america first legal nonprofit watchdog group that releases batch documents they got under the national archives from a freedom event information act request ended this finding that hunter biden was making even more inroads into the vice president's office under the obama white house and previously known that he had a business associate it was a walmart board member, trying to get him into a state lunch with the leader of china. he was also pushing to get confidential details about vice president biden's upcoming trip to africa where you know hunter biden was advising companies in china to do things like cobalt mining and you know, for electric batteries and for the future of green energy and so when you see stories like this, it is a drip, drip, drip, but when you put them together, the question soupy to be race about what was going on with the biden
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family cashing in on the presidents government job. guest: no doubt about it liz or member, vitamin 2019, the number could be i don't know my son hundred 40 was doing and i've never met any of his business associates we know both of this statement we categorically false the now and every time recently going on the committee where the evidence leads us and every time we find out more evidence, we uncover even more this is what we are at the unit continues to have about one subquestion liz, my business wasn't were the biden family what business with you and what good did they sell and what services did they provided nobody seems to be able to with the question. liz: got it encompassed been thank you for joining us pretty. >> thank you god bless. liz: why democrats want more audits non-americans for doing nothing about u.s. taxpayer dollars getting wasted going through places like china and russia and reporting nations worldwide abusing u.s. climate change money and it geophones
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government waste and abuse has exploded and also this new report about the artificial intelligence and were going to break it down in parent company governor gavin newsom is being touted as 2024 from a contender look at this, we have the story california's budget whole is much deeper and much worse than he is letting funny coming senate also just rejected president biden student loan bail out in the sustaining review and critics say the reason to buy books and tonight we have senators schmidt, senator mullen, to policy expert jay denton and americans for tax reform president, breakfast on this friday night on the evening edit with elizabeth macdonald, stay right there. staaaaacccceeeyyy! i'm the sizzle in this promposal. and tonight, sparks are gonna fly.
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i ate a lot for stress. golo and release has helped me with managing that stress and allowing me to focus on losing weight. for anyone struggling with weight and stress-related weight gain, i recommend golo to you. this is a real thing. this is not a hoax. you follow the plan, you'll lose weight. sweetie well look who's back to senator rick smith, from city commerce, that's a senator, do we have this right, that led senate, rejected president biden student loan bail out the house and senate, test the debt ceiling milk of the resist the student loan payments are putting pause, the right know, there's a lot of complaints that the president is doing circumventing congress. >> will that's exactly whatever and i think that you saw a pretty sending rebuke bipartisan
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rebuke of this really cynical policy of the student loan debt forgiveness and sysop in the face of the working families and a lot of people made decisions whether to take on the debt and repair worker way through college or make different decisions by way of career for a trade that they went into a did not accumulate that this is nothing more than a cheap political stunt by joe biden that is very expensive diamond the price tag is 500 billion to $1 trillion and we rejected that in the sand made his way through the house anticipate that the president will be to that in the good news though is there is a case when i was a gb for this job, the first to file a lawsuit against that scam and buses no basis for this, the president has no authority no one person has the ability to do this which raises the larger point that you brought up which is that we have to have structural reform on these executive orders in the administrative state in these things have to make their way through the article one branch the people's rest because as you saw just as we, the elected representatives rejected it.
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joe biden did it during the middle of the campaign season to you were to seal projector veto the present will veto the sentiment again, doesn't this prove, that the point that he unlawfully any unconstitutionally, circumvented the house and the senate bill outcome of the many critics said were done to turn out the millennial vote in the midterm and that this was done to buy votes. guest: that's exactly right and so it was illegal there's no authority no constitutional authority, and a statutory authority for joe biden to go do it any did it anyway there's no one for the spring court but it does prove the point right, that on these kinds of executive actions there needs to be real reform here because it is actually had to stand the test of about it would not go anywhere and sing with esg policy, and same way with the green new deal stuff they try to push through administratively and we have rejected those time and time again and even a divided government like we have
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now, we gotta get away from the sort of administered estate running the show, joe biden has has them on the scale, all these policies do not face the scrutiny of a vote by congress. >> remember when nancy pelosi even said, that it during a student loan a lot like this was an abuse of power and watch t this. >> people think that the president of the united states has the power for debt forgiveness and he does not come he can postpone any can delay but he does not have that power and that has to be an act of congress. liz: and you know this marketer did not go to college and a sacrifice to pay the antiseptics what is happening at the front end and the college academics, doing tuition gouging, and charging and racketeering in lockstep cover the same amount of tuition that always inexorably goes higher, every year to pay for things like white elephants you know,
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football stadiums are star cafeterias or tanning spas in the light coming it is just not right what is going on at the college level and literally, the abuse of the students are not getting the education they need to survive in this world living taught off-the-wall academics that have nothing to do with what they needed in the future. >> this right now there's a lot of definition happening parents are often surprised at that any college students are as well so we talk about the legal aspect which you are regulars up in the middle fairness issue here and there's no reason in the world, why the truck driver was a waitress, 70 this working a blue-collar job should have to pay for the you know, they theater degree of tenure college professor who do not pay back your student loans having us with this comes into offender middle fairness argument in book of the polling of this the get-go, it is very unpopular and again, is a cynical to invite joe biden to try to go out to get the votes this happening
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before the supreme court is been rejected by congress is the reason he should've been moving forward any did we have to bring in the unlawful action been no doubt sweetie was a pleasure to have you on tonight it will see you again we hope it is good to see you c5 it's good to see you again sweetie we will break down this new report about the dangers of artificial intelligence and this is a scary report that is not just science fiction coming it is real world stuff and also we have senator mark mullen on why democrats coming on more and more audits there doing nothing about u.s. taxpayer dollars being wasted, going to place like china and russia, the gao is fighting government which department abuses six exploded in story coming up. and i remember kind of thinking like, "oh my gosh, i think we could be sisters." because i think we looked...
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but today, i'm not talking baseball; i'm talking straight to you. some men get nervous talking about prostate health, especially our own. what you may or may not know is there are a few things that you can do to take control. begin by talking to your doctor about prostate cancer screening. take control of your life. know your score. go to homerunchallenge.org to learn more on how to save lives and support prostate cancer research. liz: we daresay come this is what is pulling outcome of the presidents whole numbers, is part of the reason my is trending at record lows in the modern era, he is trending at the worst since the eisenhower
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under eisenhower era sense of all u.s. prisons need. and maybe billy went to the west more audits and then grants are saying, nothing in the president to say nothing but the gao warning governor wastewater reviews interviews is exploding in record numbers and the government has blown the roof of a historic spending like the government sending more than $770,000 of your money, reportedly went to 11 russia to study cats on treadmills and troubles on capitol hill the story grady. guest: good evening les, hundreds of millions of dollars went to pointless and even some downright, concerning projects u.s. senator joni ernst, interoffice released at this analysis with the help of the watchdog group, open the books, and take a look at the numbers. the analysis, nearly half a billion dollars flowed from u.s. taxpayers, the entities in china and even more than that,
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$871 million to organizations in russia, for a grand total of 1.3 billion taxpayer dollars since 2017 and that is just what we know of and they suspect the numbers could be even higher and you won't believe where they say that some of this money went, $2 million to the wuhan lab, where the covid-19 is suspected to have leaked from, for more experiments and some of them involving bats and coronavirus. >> during this process we found new branches of u.s. taxpayer money flowing to the wuhan laboratory and this is central to the current investigation on coronavirus lab leak move on whether not come the u.s. taxpayers had a stake in funding that potential outcome. >> it also help pay for a cultural exhibit on gender equality through beijing -based organization at $1.6 million at the national school lunch program went to chinese company's incentive american
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farmers and probably the most bizarre of all in russia from u.s. taxpayers gave more than three quarters of a million dollars to help running the experiment estate run lab involving cass on treadmills and we are try to find video that have not been able to yet, my be happy to note that republican lawmakers are doing something about this and senator ernst in prophecy, mike gallagher have introduced a bill that would require u.s. government agencies to not only track but also publicly disclose many taxpayer money is going to the organizations in china, russia, list. liz: pretty term, think you so much and look who is back with us from senate armed services, tracking and disclosing is not good enough you never would stop this matrox. this collective sentence. this enemy enough is enough and no forcing is reporting nations around the world, you're wasting billions of dollars in climate
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change funding by the u.s. and spinning money on things like the hotel resort expansion in haiti, chocolate shop in italy in a movie in belgium in airport expansion in egypt, enemy is got to stop and they want more audits of american. guest: what is, this would happen underneath trump, peace through strength and unity biting the believe in peace during treatment and we will talk going up that you cannot by inference, and that is examined with the biden administration is doing the trend by the friends. get some true and tough adversaries that were probably going to face at some point in a major conflict for this is what many not lie in the corporations money get agencies, the capitol dollars, we literally appropriate billions and billions of dollars and we say hey, here's some coverage that we would like you to spend it on, but spend it however you want to know progress was supposed to control the first ranks right because of our budget system we cannot directly
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appropriate the dollars for projects so they can actually take the money is been it however you want this to type of stuff that they spend it on from is absolutely ridiculous to you that are out there is incense and outraged by this the gao finds that since fiscal year 2019, the u.s. government wasted more than $900 billion on improper payments and overpayments out of medicaid, medicare, paycheck protection program, jobless benefits, enemy and then again and again they went more powerful irs to pay for their waste. guest: and yes and they went higher 86000 new iris ages to come after you and i because nothing your fair share supposedly when they would even take a look at themselves but luckily, the bill that we passed last night in the senate and the house, to raise the debt limit, at least we are about $1.5 billion to keep the ages were being hired by the rs and however, how about we use that
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same power that they're wanting to grab from the american people and using on the government hold yourself accountable. it is absurd how they just passed over themselves and they don't want to be accountable to the american people and that is what congress should be doing which is why a circle back to the fact that we have to change the way we do appropriations we need to start a sunny everything a dollar through the appropriation said of giving these agency a bundle of money and letting him spend it however they want. liz: is a certainty from them if they're not doing the job of doing oversight of the taxpayer dollars right. guest: absolutely. liz: yes go ahead, with 1.5 billion is a start. guest: we are absolutely correct, we need to these agencies and are not going to be accountable to the market people we need to have the guts enough to actually say they were not going to find you, shut it down your doors and closure doors and lay off everybody were not going to find you if you're not going to do the will of the people consider the will of the president which is completely backwards with the market people
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want that's why his numbers are absolutely taking and he is now serving wendy murphy people want him to do any serving his self-interest moving us to this woke socialist democratic agenda around washington dc to thank you for joining us tonight is good have you back on and will see you again soon. guest: think you printed me. liz: of the story coming up democratic governor governor newsom is being talked about for a contender for the white house in 2024, but look at this, california budget whole is a lot worse and deeper than he is letting on and also, tech secretary jake new report about the dangers of artificial intelligence. this not just science fiction, this is happening and were going to explain down next. what do we always say, son? liberty mutual customizes your car insurance... so you only pay for what you need. that's my boy. now you get out there, and you make us proud, huh? ♪ bye, uncle limu.
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liz: the u.s. air force is now walking back and warming story about an a i, artificial intelligence computer simulation, where a drone by a i decided to go rogue and breakaway and kill its operator in the simulation and live in los angeles with the story kelly grady. >> so that's right the girl in question said that he missed opening the those working from his conference in london leslie he said the drone scenario was just an example of something we
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could happen at this point roasted tomato wanted camino wanted to share this quote with you, he said we have never run that experiment, nor would we need to in order to realize that this is a possible outcome as you said, think that he mentioned was a potential turning in a hydro- that went rogue on its human operator, to hypothetically complete the mission cost when walking back his comments he admitted that it does nonetheless, it is been a potential real of artificial artificial intelligence help is a reshuffle u.s. officially confirmed that this was a really experiment in nature this, the department of the air force has not conducted any such a hard run simulations and remains committed to ethical and responsible use of ai technology here's a disbarment were taking out of context and are meant to be anecdotal and even if hypothetical of these concerns surrounding a heart follow a chorus of alarm bells from earlier this week industry leaders morally potential extinction of the human race and injustice think the pet deposit of the sentiment.
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biden: i'm in the oval office with 12 leading, a leading scientists. in the area of ai some very worried. that ai can actually overtake human thinking. guest: he won white folks are so concerned about artificial intelligence, hit is a possibilities like the strong going from, even if this time it is hypothetical. liz: thank you for that great reporting is really interesting and journeys them for foundation, tech expert, jake denton is good have you on and people are confused and scared about ai and that reports and when you make of this col. saying that he drove going broke, is fully possible scenario c5 yes the colonel's ready prickly we don't need simulation that has his play out in real time, we know that there are very scary scenarios this technology is misused i can result in various serious harm
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scenarios so regulators need to be proactive and lawmakers future and legislate the sector prior to becoming a reality we don't need to wait to see things go wrong before we take action what is the first thing he could go wrong because we have democrat presidential editing robert many saying that this is writing stuff anything that is so important that we counter that threat my ai by strengthening and fortifying our institutions not weakening the minority see the first thing going wrong with ai c5 will yes, the introduction of the plate technology is already here and we've seen it in turkey during their presidential election almost certainly going to see it here in our presidential election and so the struggle here is a consumers are forced to prop up with the full scope of this technology. there are many different ways this could indicate our future so defects are not be as one and lawmakers should be motivated to take action because we will be the first was that will have to face the technology sweetie we see them are really the
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manipulating u.s. elections via defect and also talks that there would be hundreds of millions of job buses around the world middle layer managerial layer operations from ai and so that is a story to see deep fakes stop losses and what else. guest: was really no shortage, and i think that the real story here wherever your imagination can go with the technology, is capable of doing it is so job losses and obvious mind and were going to have to just see what else comes down the pipeline but is important that we are proactive in this technology is mentoring and its current state and we can get ahead of this we just cannot sit on her hands the way for things to happen to you and jay, we have this regular big tech story rfk jr. said that instagram is still blocking and censoring him and his campaign entity is blocking what is going on with what other areas, basically tweeting about it and he is saying, thank you twitter ceo elon musk. for having out with his campaign because facebook's instagram
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distal sensory rfk jr. leaving of the. guest: will now they're under third election cycle a big tech egregiously placing their hands on the scales of our democracy and ultimately, nothing has changed since the first run of censorship of the social many forms that would and incentivize them to not behave this way so they been apparent and emboldened in their making sure that only folks that align with their worldview are going to be platforms on their size and we saw this on linkedin as well and this is just par for the course this point is some point, simple break to have half debate on these platforms luckily we have a longer twitter but that cannot be several of these five forms a speaker got it, think you for joining us this friday evening is good to see you and coming up, when americans tax reform and we have democrat california governor gavin newsom and is being talked about as the 2024, contender the white house. california's budget was now, much worse than the governor has laid on and plus you're saying
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former retailers locking up merchandise shoplifting spray. any places like california coming up in the evening edit, let's check in with about sean and see what they're coming up next on the bottom line, is good to see you. >> a may have a fantastic blockbuster show coming up, council of economic advisors as well as rent tolman all coming to the show. >> the fabulous and the famous doctor drew and charlie arnold all coming up at the top of the hour, in about two minutes, cannot wait. shelves smart enough to see, sense, react, restock. ♪ so caramel swirl is always there for the taking.
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>> goonies know, the president of americans for tax reform, grover norquist, so grover california's budget deficit, the budget deficit is now nearly $35 million and that is about 5t governor gavin newsom initially said, about 22 billion, what's going on here. guest: only two years ago there was a massive surplus that he thought would last, forever and will everybody else in the country was cutting taxes, had a significant tax increase of about 3 billion a year in california which did not getting out of the problem, it made things worse and people leaving california and they loss a congressional district last to be drastically expected to lose another five in the next timeout, cbs a living, musk left
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and are looking at jobs clean. don't circulate actually dollars debt on the pensions and so they said that surplus two years ago, that was a true. they're massively in debt because they promise the government workers pensions the nobody the private sector will ever look to see see tip of the other thing to come up we may be heading into a weaker economy and with this worsen the deficit by tens of billions of dollars in california california, listen and dangerously dependent upon taxing the incomes of the states you know top bracket c5 yes and one of the things are the advantages texas and florida have, and having him taxes at all and they are very volatile in terms of if there's a recession or not and when the economy is doing ♪ ♪ they think that they are rich and will last forever this my crazy. and when he goes down from the states get in trouble if you don't have an income talking about the runaway. but in california come the not
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only have income tax my very progressive income tax with a higher income people pay, a huge percentage of the total budget. all it needs is a little bit of recession, stock values go down you don't have the capitol gains. and they are back in massive deficit. liz: so how can he run for the presidency is about in california come over your hearing reports a big insurer allstate, they just joined state farm, allstate and state farm are no longer selling homeowners insurance for new homeowners in california to have but even run for the presidency we have things like san francisco launching a $6 million at campaign because the tourism is dropping in the tours are not going to san francisco but you know, the paint over and covers up the cities rampant crime and the drug use and homelessness is or how can he run for the white house with all of this going on. guest: will in the modern critic party, he has impartially come
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in winning message. california is a teachers if we follow the path that biden has laid out when taxing and taxing businesses and taxing high income people having high wealth taxes. california's just ahead of where biden is dragged america and so remember the progress of winter the democratic party, the progressive majority black what is doing in california this just a small percentage of the population. liz: while taxation is so out of control in california and in san francisco, so many retailers played and we are talking like, banana republic outfitters in anthropology, whole foods, nordstrom's and tax in san francisco. starting to text they can it be storefronts last year the of things like you know, target is putting every item in san francisco the target stores under lock and key know walgreens is doing the same in chicago because the shoplifting.
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guest: well the government is not doing the things they should do like enforcing the law and keeping people from stealing stuff they don't have time for that have all of the time the world for taking your money and giving it to somebody else who's not working or for building up. mid survey cannot do pyramids come they do huge railroads from one place to another nobody wants to go to we are ready airplanes servicing. so sorry, taking the entire electric. using make-believe energy instead of the real energy which cost a lot more and goes on and off depending on when or how much sun there is sweetie when i have california governor newsom, taking a shot ron desantis looks like would replace biden if he is called an ag a phone call watch this. >> with her to save out of state, the future happens here first where america is coming attraction and it's our responsibility to lead and we give, eat your heart out ron
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desantis, we are proud. sweetie really, each her heart out ron desantis, would you think of her. guest: i think new york and new jersey are following california but if you look at the rest of the nation, there are 12 states moving to zero income taxes for they've decided we're going to phase her income tax down to zero neutral states the signal right now and most states are wanting to look like florida rather than want to look like california. they've made once thought they were future for their a dystopian future and hopefully will scare the people away from too much of that policy. liz: got it, thank you for spinning time with us this friday evening have a good weekend that doesn't first continuing on monday, we have carl and rated and former reagan economic congress are buffer from the suppressant think you for joining us in a stick you over to the great show you have coming up. guest: it's good to see you

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