Fox News contributor Robert Wolf and FreedomWorks economist Stephen Moore weigh in on ‘Fox & Friends.
This is an unofficial transcript meant for reference. Accuracy is not guaranteed.
Brien back with Fox NEWS Alert,
Brien Back with Fox NEWS alert,
weekly jobless claims.
One point: nineteen million unemployment filed
last week,
thats less than what was
expected. Fifty six million Americans
have filed for unemployment
since the start of the pandemic
again over a million, obviously
not good, but not unexpected,
slightly less than thought
here to break it all down. Former
economic adviser to President
Obama, Robert Wolf and Stephen
Moore.
They disagreed professionally,
but like each other. Personally,
I dont like seeing a million
new people signing for
unemployment benefits.
Look, we have to get the economy
up and moving Brian. We have to
get businesses functioning and
get workers back on the job.
I love the idea that Donald
Trump is talking about a payroll
tax cut Robert,
something Barack Obama did.
Why not do that? To help get some
of the jobs back
Brian Robert youre, against
that, because it doesnt fund,
Medicare or Social security,
no im against it. For many
other reasons,
twentieth straight week, over a
million jobless claims.
What we are going to see in
tomorrows unemployment number
those furloughed will become
permanently unemployed.
My problem with payroll tax cut
in some areas- it would be great,
but what we have to take care of
is two things: those unemployed
from the pandemic, and it does
not help them.
It does not help any businesses
that have closed and for someone
who scared about deficit and
debts, we know this is just
going to absolutely destroy the
deficit continually as we are
reading revenues,
as we have a comeback that we
will look at this, but this would
be wrong way to place our money
today and doesnt help those who
need it today and its trickled down economics
trickled down economics,
Brian Robert Hover, down like a
turtle
come on Democrats will
lecture about deficits when they
want a trillion dollars.
Why not provide a payroll tax
cut?
As you know, Robert your friend,
Barack Obama did, and you guys
said this is great for
middle class workers.
This is a way to get hold on.
Let me make one other point.
One thing that we should all
agree on. We should all agree on
as Americans. It makes zero sense
to be paying unemployed workers
more money for not working than
not working.
The idea that we will get people
twice as much money for not
working come on Robert, that
doesnt make any sense.
Brian youre talking about the
rescue package that many people
think the unofficial deadline is
Friday.
Nancy Pelosi and Chuck Schumer
are not budging of playing six hundred
plus.
This is two against one.
You guys have to add more people
on me.
The facts are wrong.
Theres been five different. Five
different analysts that have
come up that say: Americans want
to go to work, Americans arent
staying home because they want
to collect unemployment.
Im surprised that the three of Us
Brian Robert youre, missing
the point
Yale Michigan. All of the
data come out that those facts
are not factual, that people want
to stay home and not work,
thats bs
its just, not accurate
Brian, but youre, not portraying
it correctly, Robert
its not want to. If youre
getting paid more to stay home,
you owe it to your family to
take that extra money, even
though thats not what its for
right, Stephen,
its, not accurate,
hold on Robert Talk to
people on restaurants, people
that run factories,
what they are telling from
California to New York. They
cant get workers back on the
job because, as Brian has said,
they get more money for not
working.
We all want to be fair to people
and provide safety net, but six hundred dollars
a week on top of normal
benefits. How does by the
way, how does paying people not
to work, stimulate the economy?
You keep going back to
same old, same old.
First of all, I like how you say:
New York and California
Brian. Not the issue,
lets move on and talk about the
package and the broad scope
number one: do you think it gets
done Stephen, or do you think
that mark meadows is pushing the
president toward executive
action and letting negotiations
end in stalemate?
I think the president should
say no to the package
disaster for the economy,
three dollars trillion of spend asking way
too much.
President Trump should take
action by himself and get the
economy stimulated by giving
every worker in America Pay
Increase
Brian Robert. What do you think
will happen by Friday?
I dont know if theyll be a
deal by Friday, but we should
have a deal
its the most important thing. We
make sure theres, no evictions
for the people who cant pay
rent
there should be a moratorium.
We should continue with payment
protection plan and absolutely
give direct payments.
I mean theres a lot of things
that have to be done
by the way I havent touted
three trillion nor a trillion. So
dont put words in my mouth.
What I touted for is we need to
take care of hard working.
Americans and small businesses
that are unemployed or closing
and payroll tax cut does not do
that because those people dont
get helped by it.
Brian, I think its a minor
point, considering what we have
its one element
we will see.
We will talk about that next.
Transcript generated on 2020-08-07.