The Economy keeps rolling along, depressing Trump haters

Fox News Contributor Liz Peek discusses her latest article at foxnews.com and lizpeek.com. Liz also weighs in on the shutdown coming to an end

Episode Transcript

Speaker 1 (00:00):
Nine minutes after eight o'clock on the Legacy Retirement Group
dot com phone line. You see her on Fox and
Fox Business. You hear her here every Wednesday about ten
after eight Lizpeak, Lizpeak dot com. Liz, good morning. So
the House vote tonight to reopen the government. And it's funny,
this was such a pointless shutdown, Liz. Nothing, nothing happened.

(00:21):
I mean, if the Democrats would have done they could
have ended this forty two days ago.

Speaker 2 (00:27):
Yeah, they certainly could have. I think, Look, what did
happen is there? A lot of people were left without paychecks.
Travelers were inconvenienced and maybe even put in danger by
the shutdown of the air traffic controllers walking off the jobs,
et cetera. Look, this was a mess, and it was
sort of a hissy fit by Democrats. They looked around

(00:51):
for a cause for a shutdown, but they really just
wanted a shutdown. Why because in the spring, when they
went along with a continuing resolution kept the government funded leftists,
the people who are now running the party, the progressives
on the far left, were furious with traditional Democrats, including
Chuck Schumer, minority leader, for allowing the government to function.

(01:14):
So this time around, Democrats felt they had no choice.
They had to cowtow to this loud, well funded, and energetic,
noisy group on their far left and shut the government down.
And they cast around and found, oh, Obamacare premiums were
about to go through the roof, and so they started
this whole narrative about how mean the Republicans are they

(01:36):
want to throw tens of millions of people off their
health insurance. Everybody should remember, Republicans did not vote for
Obamacare that was pushed through with entirely one Democrat votes.
The subsidies that basically hid from the public how expensive
Obamacare was becoming. That was pushed through with only Democrat

(01:58):
votes during COVID with American Rescue Act. And in that act,
they decided that these premiums subsidies should expire at the
end of this year. So this is not a Republican issue.
This was not something Republicans did. This is one Democrats
and they shut down the government for forty one days

(02:18):
because it wasn't working because they knew that the expiration
of these subsidies was going to have their head on
a plate because they are responsible for this entire mess.
So it's pretty pretty infuriating that they seem to have
won the messaging war. You know, polling shows people blamed
GOP instead of the Democrats for shutting down the government.

(02:41):
It is really preposterous.

Speaker 1 (02:43):
Well, and you can you can partially thank Legacy media
for that as well as kind of contributing to that
overall polling. And you're right, I mean it was the
reason that Obamacare costs were lower is because there was
the temporary COVID Area era spending cut and that's they
went during COVID and they were just going to go
back up to the normal rates, and then it was

(03:05):
characterized as they're about to go through the roof because
of Republicans. No, that's not what was happening at all.
It's just it's been twisted. And you mentioned Schumer. He
is getting a lot of heat from his own party,
and as he should, he was not able to keep
his party unified. And this in the eight Democrats that
voted to reopen the government going to He's not going

(03:27):
to step down.

Speaker 2 (03:29):
No, he's not going to step down, but I would
bet you dollars to donuts he's going to face a
primary from Alexandri Cacio Cortez, who many of us think
as a joke. She means she's never done anything policy wise,
She's never passed a bill. She rarely even signs on
to any legislation of importance. She rarely visits her constituencies.

(03:49):
I mean, it's pretty shocking that this woman because she's
good on social media. She's like Mam Donnie, the guy
that was just elected mayor of New York. She has
a great face for or for you know, TikTok or whatever,
a lot of sort of blah blah blah sounding points,
but she's never really done anything. But you know, Chuck Schumer,

(04:10):
he's in trouble, there's no question about it. Is not
just because he couldn't keep his caucus united, and he
did not. It's also because he didn't endorse Mamdani and
that you know, he couldn't because a lot of his funding,
a lot of his support is from the Jewish community.
He was not about to turn around and endorse an
anti semi, which is what Mumdani is and has made

(04:33):
clear that he is. So Schumer is toast in my view,
and what an ignominious end to his long number of
years in the Senate. And here's the problem. Somebody said
earlier today, well, what about statewide? Is Okazio quote is
really going to be able to campaign as a far
left as statewide? Maybe not, But you know, it's the

(04:55):
the establishment Democrats who are being attacked on the left.
They have no energy, they have no funding. All of
that is with the other side. So and by the way,
Schumer's not a very attractive, likable guy. I mean that
does matter at some level. So I don't think there's
going to be a great outpouring of affection for him,
similar to the fact that people just couldn't warm up

(05:18):
surprise or prize to Andrew Pomo, who's a horrible guy.
So you know, I think, yeah, I think that these
establishment Democrats are in trouble. It's not just Schumer, it's
also Kathy Hopel who's being primary on the left, Haakim
Jeffries is being primaried. Pretty much, They're all in trouble.

Speaker 1 (05:35):
Liz, by the way, all of her work you can
see it at lizpeak dot com. Liz, did the shutdown
have any effect on the election last week and the
mayor's race in New Jersey and Virginia? Of course, Mom
Donnie in New York City at California's Prop fifty. Did
they purposely take the shutdown past the election to kind
of paint a narrative there to help some of those

(05:56):
races get over the finish line.

Speaker 2 (05:58):
I think to some degree it was helpful to Democrats.
They portrayed themselves as the people who really cared about
your cost of health insurance, your cost of living, etc. Certainly,
as you know, that was what Mamdanie talked about exclusively
almost in New York, was the affordability issue. He was
clever to glom onto that, and to be honest, Republicans
haven't had a very successful pushback. President Trump, I think,

(06:23):
was caught out kind of surprised that this became such
a big deal because, in his view, after all, Joe
Biden left the country after having created nine percent inflation.
Inflation is under three percent. So I think Trump felt like,
you know, he was doing a good job of bringing
prices under control. But people don't understand when President Trump ran,

(06:47):
and it was on economics and affordability that he ran.
Let's face it, he promised he would bring prices down.
What he meant, of course, was if he would bring
down inflation, and he has. But people we're perhaps expecting,
all of a sudden to go to the grocery store
and have their bill twenty percent left. That didn't happen,
and it's probably not going to happen. That's not really

(07:09):
the way prices work usually. So some things are lower.
Gasoline prices are lower. Egg prices, of course are lower,
but most prices continue inexorably to go slightly higher. So
I think Trump that's why he pivoted, and all of
a sudden, it's talking about a two thousand dollars dividend.
That's a terrible idea.

Speaker 1 (07:28):
It'll go.

Speaker 2 (07:29):
I think it'll go nowhere, I hope. So. I think
Scott Bessen isn't really on board with that, and other
cooler heads. But I think Republicans have to reboot now.
Trump has to spend more time on domestic less on foreign,
and they have to begin to come up with some answers.
And by the way, I think some of the changes

(07:49):
in how we treat drug prices, I think that'll help.
But they've got to get better at messaging too. I mean,
you got to say my Democrats are good at that
and we are not. Yeah.

Speaker 1 (07:59):
Absolutely, At lizpeak dot com, I'm glad you brought up economy.
You posted a piece up last night lizpeak dot com
about that very thing, and it's funny. You make a
great point about how there's not been really official government
data because of the government shutdown. Know, when you hear about,
you know, jobs numbers or inflation, all of these so
called experts don't have this data to kind of spin

(08:21):
their narrative. You make the great point that do we
really even trust official government data? And I'd rather like
you rely on private sector reports, people that are on
the ground level, that are actually doing something.

Speaker 2 (08:35):
Yeah. And by the way, I think even the Federal
Reserve does that. They have their basebook, which is, you know,
kind of a local sounding in many markets, they get
information from the real world. What have we seen with
the Bureau of Labor Statistics jobs reports? Every single month?
It seems to me they're revised downward and by the way,
not by like five percent, provive downward by monster amounts,

(08:57):
and sometimes revise up from monster amounts. It's really and disheartening.
And by the way, Trump, you know, remember appointed a
Heritage Foundation guide to run the BLS and get the
numbers straightened out, and then it didn't work out. They
need somebody in there to really make sense of why
these surveys are so off, because they really are. And yeah,

(09:18):
I'd rather rely on Bank of America that you know,
is in two thirds of the country's homes. Let's see
as a lender or whatever. Let's see what they're getting
back from their clients. And what they're saying is, by
the way that the jobs market is in decent shape,
they've not seen any big deterioration, So I think that's
quite meaningful. Actually,