Dagen McDowell slams White House for being 'stupid and blind' to Biden's economic truth

BACK WHICH IS WHAT ACTUALLY HAPPENED IN THE ECONOMY. JACKIE: THANK YOU SO MUCH. BRIAN: LET'S START WITH CHICAGO, VERY INTERESTING BACKDROP FOR THIS ECONOMIC SPEECH. WHAT DO YOU MAKE OF THAT? >> THIS IS A FORESHADOWING OF WHAT IS TO COME IF PRESIDENT BIDEN IMPLEMENTS HIS POLICIES. WE'VE SEEN THE AFRICAN-AMERICAN COMMUNITY, AND BIDEN TALKS ABOUT BIDENOMICS, HE BELIEVES IN MORE GOVERNMENT CONTROL. AND TO CREATE NEW PRODUCTS,

START THAT AND CREATE MORE JOBS, ECONOMIC GROWTH, FOR THE FEDERAL COFFERS. TAYLOR: CORPORATE BANKRUPTCIES ARE RISING, THE HIGHEST WE'VE SEEN SINCE MARCH 2020. GO BACK AND WE ARE NEAR THE HIGHEST, ALMOST THERE SINCE 2008. WHAT IS THE CHANCE YOU CALL THIS BIDENOMICS BUT WHEN WE GO TO THE POLLS NEXT FALL WE SHOULD BE IN A RECESSION AND STARTING TO SEE THE ECONOMY TURNOVER A LITTLE BIT?

>> HE BRAGS ABOUT THE AN EMPLOYMENT RATE, HE AND THE CRONIES AND HIS ADMINISTRATION. YOU SEE THE JOBLESS CLAIMS NOW ABOVE 250,000 A WEEK, THE HIGHEST THEY HAVE BEEN SINCE OCTOBER 2021. YOU ALSO SEE WE WERE TALKING ABOUT THIS ON THE SHOW. THESE ARE NOTICES OF IMPENDING MASS LAYOFFS. IN 2008, FORD ANNOUNCING A BIG LAYOFF IN THE WALL STREET JOURNAL. THE CORPORATE BANKRUPTCIES ARE PART OF

THE INTEREST RATE INCREASES FROM THE FEDERAL RESERVE. YOU HAVE INFLATION HAMMERING PEOPLE AND COMPANIES ON ONE HAND AND THE INDUSTRY INCREASES TO FIGHT THE INFLATION AT THE FEDERAL RESERVE. IT'S A VICE GRIP. THE FED MIGHT HAVE PAUSED BUT YOU HAVE ADJUSTABLE-RATE MORTGAGES, INTEREST RATE INCREASES AND THE NEW HOME LOAN, CREDIT CARD DEBT, CAR LOAN AND ON THE CORPORATE SIDE THAT'S WHAT'S HAPPENING TO CORPORATIONS OR EVEN

MORE IMPACT DOWN THE ROAD IS HAVING TO ROLL OVER DEBT, YOU WILL FEEL THE SQUEEZE. THIS ADDS UP TO RECESSION MAY BE LATE THIS YEAR OR EARLY NEXT YEAR. TAYLOR: I'M THINKING TO MYSELF WHAT ARE THEY THINKING WHEN THEY PLAN THIS EVENT? HE'S TOUTING HIS ECONOMIC RECORD, YOUR CREATED RECORD HIGH INFLATION, HURT THE AMERICAN CONSUMER AND PITCHING MORE SPENDING WHICH GOT US IN THIS WHOLE IN

THE FIRST PLACE. >> THE PROBLEMS OF THE SITUATION PRESIDENT BIDEN IS SAYING LET'S DO MORE, REAL WAGES ARE DOWN. LOOK AT PRESIDENT BIDEN'S PAUL NUMBERS AT 40%, THE BIGGEST CONCERN IS THE ECONOMY. 9 YEARS IN POLITICS, THE THINGS THEY LIKE ABOUT YOU, NOT THE THINGS THEY DON'T LIKE ABOUT YOU. YOU CAN TALK ABOUT THIS UNTIL YOU'RE BLUE IN THE FACE BUT YOU CAN'T PITCH PEOPLE'S REALITY

BY TELLING THEM IT IS SOMETHING DIFFERENT. TAYLOR: IS HE SPEAKING TO PEOPLE WHO GOT FREEBIES, YOU'RE GIVING ME MORE, THAT'S GREAT? DAGEN: I THINK THEY BELIEVE THAT THEY CAN BRAZENLY LIVE TO THE AMERICAN PEOPLE AND SINCE AFGHANISTAN, THEY HAVE SPOKEN TO EVERYONE AS IF WE ARE STUPID AND DON'T UNDERSTAND HOW INFLATION IS CREATED. YOU HEARD SHALONDA YOUNG BRAGG ABOUT THEIR ACCOMPLISHMENTS AND LEGISLATIVE AGENDA, THE FACT

THEY WOULD COIN THE TERM BIDENOMICS AND ATTACH THE NAME OF A PRESIDENT WHO IS SO DEEPLY UNLIKABLE AND PROFOUNDLY DISLIKED AND TRY TO COME UP WITH A TERM TO DESCRIBE A POLICY THAT IS EVEN MORE DISLIKED THAN HIM, TO THINK THAT TWO LOSERS MAKE A WINNER IS HOW STUPID AND BLIND THEY ARE TO THE TRUTH. TAYLOR: I TALKED ABOUT A PEW RESEARCH POLL CONDUCTED A WEEK

AGO, A LOT OF DEMOCRATS ARE VOTING ON INFLATION. THEY ARE VOTING ON WHAT WAS A? CRIME RATES, OTHER ISSUES, GUN VIOLENCE, YOU NAME IT, ABORTION, NOT NECESSARILY THE INFLATION STORY. BRIAN: OTHER TERMS AVAILABLE FOR BIDENOMICS WERE NOT TV FRIENDLY. THAT IS WHY THEY GO WITH BIDENOMICS. I SET YOU UP FOR THAT BUT HERE IS WHAT IS ABSENT IN ALL OF THIS. BIDENOMICS IS ABOUT SPENDING, TAXATION

AND REGULATION. ONE THING IT IS NOT ABOUT HIS WEALTH. THAT IS WHAT WE ARE MISSING. IF YOU ARE TALKING ABOUT HELPING PEOPLE ON THE BOTTOM, GOT HAVE A GROWING ECONOMY. >> LOWER TAXES, LESS REGULATION, STIMULATED GROWTH AND INNOVATION WE TALKED ABOUT AT THE START OF THE SEGMENT. THIS IS ABOUT FREE ENTERPRISE, REAL CAPITALISM THAT PRESIDENT BIDEN IS GETTING WRONG AND FREE ENTERPRISE FOR A WILDLAND MASSIVE

SPENDING BUT THAT RUNS OUT REAL QUICK AND YOU SEE THAT RIGHT NOW. TAYLOR: THE DECLINE OF THE AMERICAN CITIES, YOU MENTIONED IT AT THE TOP OF THE SHOW, PEOPLE LEAVING BLUE CITIES IN DROVES, BLACK AMERICANS HEADING DOWN SOUTH. HOW DOES THAT SHAPE THE WAY YOU HAVE CONVERSATIONS TONIGHT? >> MORE TIME AND LESS OPPORTUNITY, THEY ARE GOING TO REPUBLICAN LET OPPORTUNITY WHERE THERE IS MORE SAFETY AND

SECURITY. WE HAVE A SPECIAL TONIGHT. DAGEN: IT IS CALLED VISION FOR AMERICA'S FUTURE. WE LOOK AT OUR FOUNDING PRINCIPLES AND GUARANTEED FREEDOMS THAT MAKE THIS COUNTRY SPECIAL AND LOOK AHEAD. WE WILL FIX THE COUNTRY AND AN HOUR. DAN CRENSHAW IS GOING TO LEAD US AND WE CAN'T WAIT TO TALK TO HIM. DAGEN: REALLY QUICKLY, WHAT IS FRIGHTENING IS THIS ADMINISTRATION ADMIRES CHINA. THEY SEE THEIR OWN

VERSION OF CHINA IN THE UNITED STATES. JACKIE: THAT IS SCARY. BRIAN: TUNE INTO A SPECIAL EDITION OF THE BOTTOM LINE AT