VIRTUAL FUNDRAISERS.
MELISSA: THANK YOU FOR THAT,
HERE NOW TO DISCUSS IS STEVE
FORBES, FORBES MEDIA CHAIRMAN.
SOME QUICK FACT CHECKING ON WHAT
JOE BIDEN SAID IF YOU CARE ABOUT
NUMBERS OR DATA OR ACCURACY, HE
TALKED ABOUT THE K SHAPED
BETWEEN RICH AND POOR GETTING
WORSE UNDER PRESIDENT TRUMP AND
THE EXACT OPPOSITE IS TRUE.
WE KNOW FOR THE LOWEST WAGE
EARNERS, THEIR WAGES WERE
GROWING AT TWICE THE RATE OF
THEIR BOSSES AND THAT UNDER THE
OBAMA BIDEN ADMINISTRATION A
DIVIDE BETWEEN RICH AND POOR
EXPANDED ALMOST THE WHOLE ENTIRE
TIME INTO THE LAST YEAR END THE
MEDIAN INCOME FELL AND THEY HAD
THE SLOWEST WORSE RECOVERY ON
RECORD EVER FOR HOW LONG THE
FEDERAL RESERVE HAS BEEN KEEPING
THOSE STATS.
WHAT DO YOU THINK?
DOES HE NOT HAVE DATA AVAILABLE
TO HIM?
STEVE FORBES.
>> HE IS GRASPING BECAUSE UNDER
HIM HE TALKED ABOUT SHEDDING
TEARS ABOUT MANUFACTURING,
MANUFACTURING JOBS WE KNOW ARE
SLAUGHTERED UNDER THE BIDEN
OBAMA YEAR AND STARTED TO COME
BACK UNDER PRESIDENT TRUMP AND
SHOW SIGNS OF LIFE AGAIN.
YOU LOOK AT PURCHASING MANAGERS
AND OTHERS, THEY’RE MORE
OPTIMISTIC THAN PEOPLE THOUGHT
POSSIBLE A FEW MONTHS AGO.
IN THAT JOBS REPORT IS EVEN
BETTER THAN SOME OF THOSE
NUMBERS.
THE NUMBER OF PEOPLE UNEMPLOYED
WENT DOWN 2.8 MILLION,
2.8 MILLION.
IF YOU LOOK AT THE HOUSEHOLD
SURVEY WHICH DOES A BETTER MAJOR
OF SMALL BUSINESSES, THE NUMBER
OF JOBS WHEN A OVER 3 MILLION
PRE-THIS IS A POSITIVE REPORT.
THE OTHER THING TO KEEP IN MIND
IS AVERAGE EARNINGS ARE MOVING
UP AGAIN WHICH IS A NICE
SURPRISE AND THE NUMBER OF HOURS
WORKED IS STARTING TO MOVE UP
AGAIN.
IN THAT SENSE IT IS POSITIVE,
MOVING IN THE RIGHT DIRECTION
AND FASTER THAN THE GLOOMY
EXPERTS THOUGHT LAST MARCH OR
APRIL.
MELISSA: YOU MENTIONED THE
HOUSEHOLD SURVEY, I’M GLAD YOU
DID BECAUSE IF YOU LOOK AT THE
NET NUMBER OF JOBS IN THERE AND
YOU BREAK IT DOWN BY RACE, JOE
BIDEN ALSO SAID THAT THIS
RECOVERY HAS BEEN PRACTICALLY
HARD HE SAID BLACK, BROWN AND
LATINO PEOPLE, I DON’T KNOW WHAT
THAT MEANS EXACTLY BUT IF YOU
LOOK AT THE NUMBERS, CHARLES
PAYNE POINTED THIS OUT AS SOON
AS THEY CAME OUT OVER 1 MILLION
NET JOBS CREATED FOR HISPANICS
IN THE 3 MILLION YOU WERE
TALKING ABOUT ALMOST 400,000 FOR
BLACK AMERICANS, THIS IS NET
NUMBERS.
THOSE ARE TERRIFIC NUMBERS
ESPECIALLY IN 8% OF THE WHOLE
OR% COMPARED TO THE REST OF THE
POPULATION, A LOT OF PEOPLE OF
COLOR GOING BACK TO WORK
CONTRARY OF WHAT JOE BIDEN SAID.
>> THAT IS RIGHT AND THAT SADLY
WHAT THE FAR LEFT ARE ACTUALLY
WORRIED ABOUT.
THIS THING IS STARTING TO BE A
BROAD-BASED RECOVERY.
ONE OF THE THINGS THAT BIDEN
DOES NOT MENTION HIS PRESIDENT
TRUMP DESIRE TO HAVE A PAYROLL
TAX HOLIDAY WHICH IS ESPECIALLY
BENEFICIAL TO A WORKING PEOPLE,
HE PUT OUT AN EXECUTIVE ORDER
AND ALWAYS GOT A PUT OUT ANOTHER
ONE TO MAKE SURE EMPLOYERS DON’T
WITHHOLD THAT MONEY AND WHY DO
WE HAVE TO DO IT BY EXECUTIVE
ORDER BECAUSE CONGRESS WOULD NOT
PASS IT, TRIBUNE TO THE PEOPLE
AND LOVERS BY THE PEOPLE WILL
NOT GO FOR A BIG TECH CUT FOR
WORKING AMERICANS AND EMPLOYERS
MAKE IT EASIER FOR EMPLOYERS TO
HIRE PEOPLE, LOOK AT THEIR
ACTIONS, YOU SAW IN A SALON A
FEW DAYS AGO.
MELISSA: YEAH, THE REPORTERS AT
THE PRESS CONFERENCE DID NOT ASK
JOE BIDEN ANY POLICY
QUESTIONS --
>> IT WAS ALMOST AS IF BIDEN HAD
WRITTEN THE QUESTIONS HIMSELF.
LIKE A SOVIET UNION --
[LAUGHTER]
MELISSA: WHAT DO YOU THINK ABOUT
HIS SOUL THEY ASKED HIM ABOUT
PRESIDENT TRUMP.
BUT SEPARATE FROM THAT, HE DID
REVEAL A COUPLE OF DAYS AGO WHAT
HE THOUGHT THE RIGHT MEDICINE
FOR THE ECONOMY WAS AND HE SAID
THAT WHEN WE HAD THE GREAT
RECESSION UNDER OBAMA BIDEN
INSTEAD OF IT FALLING INTO THE
GREAT DEPRESSION THAT THEY
UNLEASED THE LARGEST SPENDING
PACKAGE OF ITS KIND AND THEY
SAVE THE ECONOMY.
I DON’T KNOW IF THEY KNOW IT WAS
A SLOWEST AND WORSE RECOVERY ON
RECORD BUT DO YOU THINK THAT HIS
POLICY PRESCRIPTION OF
UNLEASHING MORE SPENDING THAN
HAS EVER BEEN SEEN IN THIS
COUNTRY FOR THIS TYPE OF THING,
IS THAT THE POLICY PRESCRIPTION?
>> NO, THEY ARE SPENDING ON
REGULATORY BENCH WHEN THEY TOOK
OFFICE AND IT HURT THE RECOVERY.
THAT IS WHY AS YOU SAY, USUALLY
AFTER A SHARP DOWNTURN YOU GET A
SHARP UPTURN AND THE QUESTION
BECOMES CAN YOU SUSTAIN IT AND
WHERE ARE THEY GETTING THE
RESOURCES FOR ALL OF THE
SPENDING, THE GOVERNMENT DOES
NOT CREATE RESOURCES, PEOPLE IN
THE PRIVATE SECTOR, WORKING
CREATE RESOURCES.
SO YOU TAKE THOSE RESOURCES AWAY
AND YOU WANT JOE BIDEN IN CHARGE
OF THOSE RESOURCES OR
ENTREPRENEURS AND CONSUMERS IN
CHARGE OF THOSE RESOURCES.
YOU KNOW WHAT’S GOING TO HAPPEN,
IT’S GOING TO BE POLITICS, HUGE
WASTE AND SO YOU LOOK AT WHAT
NEW YORK CITY HAS DONE TO THE
RESTAURANT INDUSTRY AND YOU WANT
THAT MENTALITY IN WASHINGTON.
WE DO NOT NEED IT.
WHERE DID THOSE RESOURCES COME
WHERE DID THOSE RESOURCES COME
FROM, THEY COME FROM ME AND ME
AND EVERYONE ELSE AND I TRUST
THE AMERICAN PEOPLE MORE THAN I
DO WASHINGTON POLITICIANS.
MELISSA: YOU ARE ABSOLUTELY
RIGHT, HE PROMISED TO RAISE
TAXES HEARTILY AND THAT IS
EXACTLY WHERE THE INCOME WOULD
COME FROM THAT HE IS TALKING
