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tv   WSJ at Large With Gerry Baker  FOX Business  August 14, 2022 9:30am-10:00am EDT

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congressman jason smith. plus former defense department chief of staff kasha patel paid my special guest sunday 10:00 a.m. eastern live on fox news. right foxbusiness start smart every weekday from 6:00 a.m. -- 9:00 a.m. eastern for mornings with maria but we hope you'll start your every weekday with us on foxbusiness. that will do for us right now. have a great rest of the weekend everybody. thanks so much for watching i'll see you again next time. ♪ ♪ ♪ ♪ ♪ >> hello i'm james from it in for jury bakery on the wall street journal at large print epic road line after four president trump gascon's home was raided for its what we learn from the attorney general. also look out democrat tax-and-spend bill will massively expand the irs. according to job descriptions taken from their website, ready
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to use deadly force against you. migrant texas governor abbott heats up. also, awoken us run amok at our schools. critics say that's what's causing our teacher shortage bill talk all about it with our power panel that is coming up. but first, thursday at the justice department attorney general merrick garland made a brief statement lauding himself and his colleagues we took no questions from the assembled media provided no explanation for monday's search and former president donald trump's home. >> let me address recent unfounded attacks on the professionalism of the fbi and justice department agents and prosecutors. i will not stand by silently when their integrity is unfairly attacked. i am honored to work alongside them. this is all i can say right now. james: we can see a president's constitutional authority of the handling of classified information is very broadest
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u.s. supreme court ruled in 1988. at present is not bound by the executive orders of his predecessors, he is free to give is operating this may evolve to another argument whether mr. trump is honoring political custom. this is a matter of law specifically unprecedented warrant sought and executed by the biden justice department which presumably claim the affirming judgment agents were likely to find evidence of a crime at the trump residence. merging details on the adding questions over whether it was appropriate and necessary. ag garland has suggested it was frequency search warrant was authorized by a federal court upon the required finding of probable cause. i personally approve the decision to seek a search warrant in this matter. james: the wall street journal report fbi agents were welcomed to mar-a-lago back in june to discuss documents in a basement storage room parts of it is later the fbi sent a note asking for a stronger lock on the room. trump staff appeared to have complied. on june 22 of the trump organization received a subpoena
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for surveillance footage from cameras at mar-a-lago. as far as we can tell that request was also honored. this is not cause for obtaining it on precedented warrant to search the home of a former president? and then descending unannounced with numerous agents? all americans are waiting to get a look at the government's latest claims against donald trump. but the good news is, we do not wait to hear from the woman many people called the world's greatest political columnists kim strassel from the wall street journal. also here i would say the greatest former democratic mayor of miami beach, thank you both for joining us. kim, i went to that constitutional issue there because, as we know the president could have declassified documents. i could say truck, while in office could have declassified documents. it is not necessarily need to be a big published order. it can be oral. it can be in various forms. that is why i set the table as
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we think about what are we looking at? are there potential violations? how should we treat the justice department case so far as we have been able to gather from it? >> yes he does have very broad authority. talk about documents. one of the reasons the department of justice is always careful and has guidelines when engages with always the gravity of the supposing crime has to be big enough to justify or outweigh the potential that if you take such an act, you are going to be seen as engaging in a partisan law enforcement politics. for me, james, that is something like i don't know espionage. or serious fraud or may be murder. we are talk about documents here. potentially, as you know, perhaps documents the present declassified himself.
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or maybe documents that are even that important. i still do not understand why merrick garland of the department of justice chose to plant their flag on this ground. we don't know a lot what is your reaction to what we seen so far? >> or's odyssey some type of report regarding potential nuclear classified information but we do not know if that is true or false. but i think for me i'm what is the bigger picture here? what is the effect politically i was a former mayor of miami beach in the state of florida which is really important going forward. i can tie this one person is probably very happy about this. that will be governor desantis. even though he's showing this is terrible, this is outrageous on the former president. it reminds the country possibly the riskiness of donald trump as a republican candidate in the future. why he was not reelected for a second term. i think that helps. james: before he go there you assume just like everybody else he has the presumption of
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innocence. even all of the recent history and we can talk about the collusion effort including falsified information by the fbi to go after trump associates, do you think the justice department the fbi it deserves the benefit of the doubt there really was something that justify this? >> i think when you look at the severity of what they are potentially saying could be there. i have a lot of faith and confidence in the fbi and the u.s. justice department and the attorney general. think about or what they find the fact that was stored down there. i don't think president trump was on that looking at the boxes and going through all the information himself. do not believe that. i do believe what it does is it reminds the country again of the riskiness of possibly of this person being the republican nominee for president. i think it fires at both the bases. james: kim, i would say some people get reminded of what seems to be a double standard. talk about sandy berger
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destroyed some of them, a misdemeanor. everyone knows that hillary clinton story. what to make of it so far as we look at the context in the fbi's history with trump? >> yes, i think there are couple of issues. one is the double standard that you mention. certain politicians seems to get a pass when they are accused of this. there's also the proportionality aspect of it. which you just touched on. i don't understand i don't understand why the department of justice has gone after this especially after the fact there so many other things they appear to be investigating donald trump four. spent will talk more about that in a moment. but first, we've got to take a quick break. the democrats new tax and spend a bill set to beef up the irs
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♪insurance!♪ only pay for what you need. ♪liberty liberty. liberty. liberty.♪ ♪ ♪. james: irs basket 80 billy nobis and house democrats and their new tax and spending bill beefing up the agency with 87000 more agents. a new job posting on the irs website is raising major concerns she requires them to carry a firearm and be willing to use deadly force if necessary. the question is who would they be coming after with the ability to use deadly force? >> coming after entrepreneurs where they're coming after him small business owners for their coming after middle-class hard-working there's no question about that you layer on top of that what you just mentioned. the criminal division with the power enforcement of a gun essentially. james: that linus since been
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deleted from the jobless and but not before base democrats are prioritizing irs expansion over funding the police as america faces a major crop shortage but let's bring our panel again former mayor philip levine. you are also an entrepreneur. does this give you some pause here? and are you thinking this is america's greatest law enforcement need right now? >> i do not think it's a great law enforcement need. obviously we need more police to all of our cities right now but we are seeing it. i'm about fully funding the police it's very, very important. i do believe also are paying their fair taxes the irs is saying they are having a challenge all across the country maybe the numbers to heartbeats it's very good things in that bill. it's a little thing about distraction act is we need to recall that. and something capped at $35 a month and being lowered in price
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corporate minimum tax nothing wrong with that we have not individuals as well. if everyone pays their taxes, maybe we'll have more money for police. maybe we'll have more money for various things maybe that's a key to the success here. >> i'm not clear how much the irs is really going to be squeezed out of people, kim, is this basically a tax hike on the middle class without calling it that? the government, the irs, the administration, house democrats everyone thing we don't plan to go at after people with 400k of income. but they rejected attempts to put that language in the bill. >> yes, look, james, they tried for several years as part of the president to "build back better" agenda to go after small businesses and pass-throughs for instance. it's also part of the conversation even as they were finalizing this bill. this is a fallback. if you cannot outright raise the
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rates of some of these sub groups of entrepreneurs and folks out there, instead you're going to use the irs as a cudgel to go after them and squeeze it out of them by other means. they say they want to get the money from higher income americans. but if you look at the irs stats and estimates of the joint committee on taxation's, that is never where the irs gets their money. never from higher income people. those folks have armies of accountants and lawyers who make getting that done very, very hard. most of the money comes from people earning less than $200,000. those are the folks the small business owners, the middle class people that are going to get targeted by this additional 87000 people. james: mr. mayor just to close it out, they had an opportunity in the senate and the house to put it in law this money will not be used to go after people under $40000 of income. democrats rejected that, why will they not put that in the
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law if they really do not want to go after the middle class? >> i think and i agree with what kim said. wealthy people have teams of lawyers and accountants of the irs needs to have the same power on their side to be able to get the proper amount of money from this people that have those armies behind them. but to put into law, james@sexting if you make $40000 and under, no problem the irs. spend this to the new agents you have as it exists at the irs. >> showed the agents go far and above and those that go under. james: the irs loses a lot isn't this the idea they want to beat settlements out of people who don't have all the lawyers to fight back? >> i think it's the opposite very think they need the fire power to be able to go after very wealthy people and entrepreneurs like myself. you need to pay your taxes. spend okay we'll see whether merrick wants more irs firepower. in the meantime the feud between a texas governor new york city mayor is heating up as another round of migrant buses landed in
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the big apple. what mayor adams said in governor abbott's response. that is next. >> i kinda felt cleat easter, go ahead mayor, make make my day. >> i know he thanks he's about cleat eastwood but he is not. he is an anti- american governor ♪ my relationship with my credit cards wasn't good. i got into debt in college and, no matter how much i paid, it followed me everywhere. between the high interest, the fees... i felt trapped. debt, debt, debt. so i broke up with my credit card debt and consolidated it into a low-rate personal loan from sofi. i finally feel like a grown-up. break up with bad credit card debt. get a personal loan with no fees, low fixed rates, and borrow up to $100k. go to to view your rate. sofi. get your money right. ♪
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the border bus spoke to new york eric adams and abbott making news this week of buses arrive in the port authority of new york. mayor adams threatens action of or what he is calling a political stunt and un-american. from texas, governor abbott pushed back accusing democrats of hypocrisy for complaining about a few busloads of migrants
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will texas faces an ongoing crisis with around 4000 people crossing illegally into the state each day. >> this is just not who we are as americans. i believe the way he is behaving by not coordinating the transportation is just un-american for. >> assist rank hypocrisy. new york governor by the newark mayor, not once once they have to do with the reality of it, they are suddenly cannot handle it. they are now getting a taste of what we are having to deal with. it's been it's not clear the next busload of migrants are becoming northbound from texas were but they are expected to keep arriving as a political duel blue states ramps up. now, kim i am thinking here it has been a very trendy among politicians on the left to talk about sanctuary cities and a virtue about how welcoming they are. it seems that maybe they are not so enthusiastic when they actually have to do the work of helping to integrate migrants into our society.
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>> how is it un-american to deliver to new york immigrants parenthesis city by the way or most immigrants landed throughout the history of our country and ellis island, et cetera. look, this is as you say if you have been down to texas and i was there earlier this year, they are absolutely getting crushed under this. it is not just extend to the border crossings. obviously to resources, to education, to the drug problem that has come with it. i think they are trying to -- they've tried everything else where they asked for help it hasn't worked. this is their attempt to make more people aware of the problem down there. james: mr. mayor, you are not running a sanctuary city. you did not think that was the way to go. it seems to me we have a problem of chaos at the border that the administration will not address, will not fix. are you waiting for the president to work with congress?
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what is the solution here? >> the solution strong related borders but what's interesting to me as a mayor adams, who i support, has the same promise governor abbott. they cannot handle what is going on here think what governor abbott is doing out of frustration with the rest of these governors and mayors on the southern border states, they are showing these elected leaders, that we have got a problem. as opposed to trying to get publicity and fights. white don't eat mayors like mayor adams engage these governors? go to the border, understand the problem and work together in washington to help fix the problem. we all own this problem. james: is there any chance, kim this gets resolved in washington? there is some kind of a solution? or does this chaos continued to get these fights between mayors and governors? >> i think this actually goes back more than a decade. this is one of barack obama's campaign promises. but unfortunately never put any political capitol into it. it is simply languished in
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washington since then. dylan was going to get done is have a president who actually says at the stated intention to push it across the finish line. that does not seem to be the current president and so it's not happening anytime soon. spend okay guys will take a quick break. we come back as kids prepare to head back to the class at many schools are having trouble finding people to staff those classrooms. our teachers fin (fisher investments) in this market, you'll find fisher investments is different than other money managers. (other money manager) different how? aren't we all just looking for the hottest stocks? (fisher investments) nope. we use diversified strategies to position our client's portfolios for their long-term goals. (other money manager) but you still sell investments that generate high commissions for you, right? (fisher investments) no, we don't sell commission products. we're a fiduciary, obligated to act in our client's best interest.
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♪ ♪ schools are in the country hitting a panic button is entered new academic year with nearly 40000 teacher vacancies nationwide. what is causing a sudden shortage? the federation of teachers reporting three out of four educators are saying they would not recommend people go into their profession. here's the union president randi weingarten paid. >> this year is the worst i've ever seen. the politics and politicians have really polluted what goes on teachers right now. and okay mr. mayor want to think of politics i think of teachers unions very much. specifically i wonder, do you think what is happening here is a lot of teachers have had enough of a political agenda, being urged, required to teach that america is an oppressive place, that is a fundamentally racist. do you think that has made educators not want to go back to education? >> think it's a major
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contributor. i think unfortunately today, we are teaching arch our teachers the way we teach our beliefs. they are terrified of being sued there being terrified god for bid being shot and they are being terrified of being fired. it's almost like the police and the teachers are in the same position. savannah terrified of being fired question requires it easy to fire a teacher? because i think it's easy to happen. the new laws in the state of florida there's pros and cons, parents are staying there standing up and saying we do not want you to teach our children about gender. we want you to teach him about american history and be truthful but we also do not want you to teach about sexuality at a certain age. teachers, unless they start wearing body cams are concerned they could be sued or they could be fired from their job if they go astray from those new laws that have been passed. that is why think the issue is. jackjames: kim when you make abt the teacher shortage coming across the country? questions to clarify little bit we do not necessarily have a shortage. it's not as if there are no teachers out there, okay?
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there's little bit of a pipeline problem as weingarten was referring to. fewer people in many states are choosing to go get a certificate to be a teacher. there teachers out there, they are just choosing not to work. and that is an issue for this a number of things anything go into that. part of it as we did spend too long paying people not to work and some people actually grew a little too comfortable with th that. some people, given outplacement while inflation there demanding more pay than what school district's are able to pay. but i think there is a truth to this, james. it's not just politicians but it's also the teachers unions, teachers are really sick of this highly toxic environment in which they are forced to choose sides. this is really been pushed on them by progressive politicians but they are no longer doing the abc's or teaching math. they are being asked to delve into questions of gender, critical race theory, a lot of
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folks just want to go into a job and feel fulfilled. and they turned out a brighter kid. that is not what a lot of teachers are being asked to do anymore. james: we have to leave it there. thanks guys appreciated. that is it for us this week for gerry will be back next week with more in-depth interviews right here on the wall street journal at large. thank yo ♪ ♪ ♪ barron's roundtable sponsored by global x. ♪ ♪ ♪ welcome to barron's roundtable we get behind the headlines ever pray for the week ahead. i am jack hough in for jack otter. coming up a massive new climate bill include acts perks for existing nuclear power. why is an american buildin


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