1 00:00:00,080 --> 00:00:07,920 Speaker 1: De Mark Simone Show on SEVENR. Well, Lizpeak, the brilliant columns, 2 00:00:07,960 --> 00:00:11,080 Speaker 1: your reader at the Foxnews dot com, the Hill dot com. 3 00:00:11,119 --> 00:00:13,000 Speaker 1: You see her all over television, and make sure you 4 00:00:13,000 --> 00:00:16,480 Speaker 1: go to a website. It's great news and analysis every day. 5 00:00:16,480 --> 00:00:19,880 Speaker 1: It's lizpeak dot com. And sign up for the It'll 6 00:00:19,880 --> 00:00:22,480 Speaker 1: come to your free every day. To your email lizpeak 7 00:00:23,120 --> 00:00:24,880 Speaker 1: dot com, Lizpeak. How you doing. 8 00:00:26,040 --> 00:00:27,920 Speaker 2: I'm terrific. Thank you for having me. 9 00:00:27,880 --> 00:00:31,040 Speaker 1: On Mark Hey, great to have you. The FED decision 10 00:00:31,120 --> 00:00:35,239 Speaker 1: later today. They'll do nothing right, no change. 11 00:00:35,000 --> 00:00:39,000 Speaker 2: Probably do nothing. And you know, I've been thinking about 12 00:00:39,000 --> 00:00:42,320 Speaker 2: this a lot, of course everyone has. So what is 13 00:00:42,360 --> 00:00:45,199 Speaker 2: the biggest issue right now? What? You know, you just 14 00:00:45,280 --> 00:00:50,520 Speaker 2: had Congress come together in a bipartisan fashion to pass 15 00:00:50,560 --> 00:00:54,520 Speaker 2: a housing bill. Congress almost never does anything in a 16 00:00:54,520 --> 00:00:58,080 Speaker 2: bipartisan fashion, and as Steve Forbes said to me yesterday 17 00:00:58,120 --> 00:01:01,160 Speaker 2: on set, you know, it's a problem if it's bipartisan. 18 00:01:01,240 --> 00:01:03,560 Speaker 2: And I kind of agree with him. I mean, I 19 00:01:03,600 --> 00:01:06,319 Speaker 2: think this is a little bit of a bone headed bill. 20 00:01:06,760 --> 00:01:10,200 Speaker 2: Some of it's good, some of the releasing and removing 21 00:01:10,360 --> 00:01:13,240 Speaker 2: of permitting and so forth is very important. But what's 22 00:01:13,240 --> 00:01:17,480 Speaker 2: the biggest issue it's affordability. What's that all about. It's 23 00:01:17,560 --> 00:01:20,640 Speaker 2: mortgage rates. Mortgage rates are too high. The Fed needs 24 00:01:20,640 --> 00:01:24,480 Speaker 2: to lower rates. And Mark just ask yourself what impact 25 00:01:24,720 --> 00:01:28,920 Speaker 2: does raising or lowering the FED rate have on oil prices? 26 00:01:29,120 --> 00:01:34,120 Speaker 2: The answer is zero. So oil prices are high obviously 27 00:01:34,200 --> 00:01:36,959 Speaker 2: because of the war. They've gone up a fair amount 28 00:01:37,000 --> 00:01:40,200 Speaker 2: thirty percent or more. And yes, that's going to feed 29 00:01:40,240 --> 00:01:45,680 Speaker 2: into all kinds of products, petrochemicals, plastics, fertilizers, et cetera. 30 00:01:46,240 --> 00:01:48,920 Speaker 2: Does it have anything to do with interest rates that 31 00:01:48,960 --> 00:01:51,960 Speaker 2: the Feder setting, No, it has none. So you know, 32 00:01:52,200 --> 00:01:56,440 Speaker 2: usually the Canesiine approach is the raise interest rates to 33 00:01:56,520 --> 00:02:00,680 Speaker 2: damp and demand. No one's going to drive less or 34 00:02:00,760 --> 00:02:04,400 Speaker 2: consume less plastics because the FED lowers interest rates. That 35 00:02:04,520 --> 00:02:07,480 Speaker 2: is a fact. So you know, I think the two 36 00:02:08,040 --> 00:02:12,880 Speaker 2: issues are totally separate. I think the Fed should acknowledge that. 37 00:02:13,040 --> 00:02:16,200 Speaker 2: I hope they do, and they set the stage for 38 00:02:16,240 --> 00:02:18,720 Speaker 2: lower interest rates as the year goes on, because we 39 00:02:18,800 --> 00:02:23,000 Speaker 2: do have a pretty sluggish employment market right now. There 40 00:02:23,080 --> 00:02:25,680 Speaker 2: is their dual mandate. As you well know, they're supposed 41 00:02:25,720 --> 00:02:30,880 Speaker 2: to be watching the jobs market and inflation. And you know, 42 00:02:30,919 --> 00:02:33,919 Speaker 2: what we really need to do is to get Kevin 43 00:02:33,960 --> 00:02:36,280 Speaker 2: worsh in there as head of the FED. It's not 44 00:02:36,320 --> 00:02:38,200 Speaker 2: a guarantee that he's going to lead the FED and 45 00:02:38,280 --> 00:02:40,920 Speaker 2: lowering rates, but it's sure a pretty good bet that 46 00:02:41,000 --> 00:02:43,800 Speaker 2: Jay Powell isn't going to do that. And we have 47 00:02:43,919 --> 00:02:48,640 Speaker 2: this absurd to me situation where Janine Piro, who I 48 00:02:48,760 --> 00:02:52,919 Speaker 2: like and admire very much, is hanging on to what 49 00:02:52,960 --> 00:02:58,959 Speaker 2: I think is a completely flimsy and inconsequential pursuit of J. 50 00:02:59,240 --> 00:03:06,360 Speaker 2: Powell is supposedly having mismanaged or possibly even crookedly managed 51 00:03:06,639 --> 00:03:09,960 Speaker 2: the building of the FED headquarters. For heaven's sakes, get 52 00:03:10,000 --> 00:03:12,000 Speaker 2: rid of this, get rid of it, get rid of 53 00:03:12,000 --> 00:03:16,000 Speaker 2: Tom Tillis's objection to getting the Kevin worst nomination through, 54 00:03:16,800 --> 00:03:19,519 Speaker 2: and let's start over with a new, better, more efficient, 55 00:03:19,600 --> 00:03:21,720 Speaker 2: and more up to date Federal Reserve, which is what 56 00:03:21,840 --> 00:03:27,840 Speaker 2: has to happen. Well, J Powell, long Rune, Yeah, apologies. 57 00:03:27,400 --> 00:03:29,800 Speaker 1: J Powell. Building a new FED building for what should 58 00:03:29,800 --> 00:03:32,800 Speaker 1: have cost six hundred million ended up costing three billions 59 00:03:32,800 --> 00:03:36,880 Speaker 1: of definite definite mismanagement there. But you're right, Yeah, court 60 00:03:36,920 --> 00:03:37,320 Speaker 1: case is. 61 00:03:37,240 --> 00:03:39,760 Speaker 2: Going to go a criminal. No, he's not a criminal. 62 00:03:39,800 --> 00:03:43,080 Speaker 2: I mean I think he's an ineffectual FED chair and 63 00:03:43,440 --> 00:03:48,560 Speaker 2: obviously a very ineffectual overseer of a construction project. But 64 00:03:48,600 --> 00:03:52,720 Speaker 2: if every construction manager in Washington, DC who oversaw a 65 00:03:52,800 --> 00:03:57,120 Speaker 2: cost overrun went to jail, you know, the streets would 66 00:03:57,120 --> 00:03:58,680 Speaker 2: be a lot lighter. Let's just say that. 67 00:03:59,200 --> 00:04:01,720 Speaker 1: Yeah, but you know, you can't manage the construction of 68 00:04:01,720 --> 00:04:04,520 Speaker 1: a building if you're that unaware, if you're that bumbling, 69 00:04:04,600 --> 00:04:07,040 Speaker 1: why should you manage the American economy? 70 00:04:07,520 --> 00:04:09,360 Speaker 2: Yeah? Okay, so let's get rid of him. And the 71 00:04:09,360 --> 00:04:10,920 Speaker 2: only way we're going to get rid of him is 72 00:04:10,960 --> 00:04:14,040 Speaker 2: by replacing him. And we can't replace him now because 73 00:04:14,040 --> 00:04:18,559 Speaker 2: we have, you know, a Republican supposedly Republican senator who's 74 00:04:18,560 --> 00:04:22,239 Speaker 2: saying he won't further the nomination unless they drop these charges. 75 00:04:22,279 --> 00:04:24,520 Speaker 2: So this is sort of easy in my head. We 76 00:04:24,560 --> 00:04:26,560 Speaker 2: want Jay Powell out, get rid of this. 77 00:04:27,040 --> 00:04:29,120 Speaker 1: Yeah, when would we get a new FED chairman? As 78 00:04:29,160 --> 00:04:33,040 Speaker 1: it may that federman? And yes, we get a new 79 00:04:33,080 --> 00:04:36,760 Speaker 1: FED chairman. J Powell can stay on the FED board, correct. 80 00:04:36,560 --> 00:04:39,039 Speaker 2: He can for I think it's two and a half 81 00:04:39,080 --> 00:04:42,920 Speaker 2: more years after that. Oh okay, well, I mean the 82 00:04:43,080 --> 00:04:45,120 Speaker 2: question is will he do that. I'm not sure that 83 00:04:45,200 --> 00:04:47,760 Speaker 2: he will. It is not very I mean this is 84 00:04:47,800 --> 00:04:49,960 Speaker 2: true in corporate world too. It's not very much fun 85 00:04:50,360 --> 00:04:53,440 Speaker 2: to see the top role and then hang around to 86 00:04:53,480 --> 00:04:56,760 Speaker 2: sort of see what happens next. That, generally speaking, is 87 00:04:56,760 --> 00:04:58,719 Speaker 2: not a recipe for success. 88 00:04:59,000 --> 00:05:03,920 Speaker 1: Yeah, the Save Act, it makes perfect sense to everybody 89 00:05:03,920 --> 00:05:06,440 Speaker 1: in America. You got to show your driver's license, your 90 00:05:06,440 --> 00:05:08,719 Speaker 1: photo ID to vote. You got to do that to 91 00:05:08,880 --> 00:05:11,359 Speaker 1: enter any building in Manhattan. You got to show that 92 00:05:11,400 --> 00:05:16,280 Speaker 1: to buy prescriptions for a million things. So what do 93 00:05:16,320 --> 00:05:17,600 Speaker 1: you think will it ever you have to do it. 94 00:05:17,560 --> 00:05:20,720 Speaker 2: To shovel snow under mayor Mom, Donnie? I have two 95 00:05:21,360 --> 00:05:23,440 Speaker 2: means of identification mark no. 96 00:05:23,480 --> 00:05:23,680 Speaker 1: One. 97 00:05:23,920 --> 00:05:27,799 Speaker 2: I also think very few people are challenging. Certainly nobody 98 00:05:27,839 --> 00:05:30,279 Speaker 2: on the right is challenging the need for voter ID. 99 00:05:30,720 --> 00:05:33,000 Speaker 2: The problem now is they sort of gunked up this 100 00:05:33,160 --> 00:05:37,039 Speaker 2: bill with issues that they knew that Democrats were going 101 00:05:37,080 --> 00:05:41,000 Speaker 2: to have a hard time voting for, like transgender you know, 102 00:05:41,160 --> 00:05:43,920 Speaker 2: letting boys play in girls' sports and all these things. 103 00:05:44,160 --> 00:05:47,520 Speaker 2: I agree with everything in the bill, but my view 104 00:05:48,480 --> 00:05:50,720 Speaker 2: is that they should have I think they should jump 105 00:05:50,800 --> 00:05:53,680 Speaker 2: the whole thing and have a one issue bill on 106 00:05:53,760 --> 00:05:57,280 Speaker 2: the floor. The one issue is voter ID make Democrats 107 00:05:57,360 --> 00:06:02,960 Speaker 2: vote against something that eighty plus percent of the country applauds. 108 00:06:03,480 --> 00:06:05,679 Speaker 2: And I really think that is the way to pass 109 00:06:05,720 --> 00:06:08,719 Speaker 2: this And frankly, the Republicans in Congress need a few 110 00:06:08,760 --> 00:06:11,479 Speaker 2: wins right now. They need to actually pass some things 111 00:06:11,760 --> 00:06:14,719 Speaker 2: to have the President sign it. And let's have voter 112 00:06:14,880 --> 00:06:17,040 Speaker 2: ID and if you want to complicate it a little 113 00:06:17,080 --> 00:06:20,640 Speaker 2: bit by having the registration a proof of citizenship, I 114 00:06:20,680 --> 00:06:23,360 Speaker 2: applaud that as well. I know Democrats have all kinds 115 00:06:23,400 --> 00:06:26,200 Speaker 2: of objections to that. Dick Blumenthal just came out and 116 00:06:26,240 --> 00:06:29,200 Speaker 2: said he didn't know where his birth certificate was, and 117 00:06:29,240 --> 00:06:31,039 Speaker 2: I tweeted back that if he doesn't know where his 118 00:06:31,080 --> 00:06:34,159 Speaker 2: passport is, then he's really got a cognitive problem. But 119 00:06:34,680 --> 00:06:37,839 Speaker 2: you know, I think there we could have this bill simpler, 120 00:06:38,720 --> 00:06:42,080 Speaker 2: better and again make it clear to the American public 121 00:06:42,120 --> 00:06:44,080 Speaker 2: what's in it. Now you've got all this other stuff, 122 00:06:44,120 --> 00:06:45,600 Speaker 2: and I think that was a huge mistake. 123 00:06:46,040 --> 00:06:48,720 Speaker 1: Yeah, you know, a while back, I wasn't sure where 124 00:06:48,720 --> 00:06:51,000 Speaker 1: my birth certificate was and I went online and there's 125 00:06:51,040 --> 00:06:53,719 Speaker 1: about ten thousand sites that you can go to that 126 00:06:53,760 --> 00:06:55,479 Speaker 1: will get you over you get a copy, get a 127 00:06:55,520 --> 00:07:00,440 Speaker 1: replacement birth certificate in two weeks. It's easy to do so, Hey, 128 00:07:00,440 --> 00:07:03,640 Speaker 1: this Joe Kent, this counter terrorism whatever he is, who 129 00:07:04,520 --> 00:07:08,040 Speaker 1: quit and protest? How long before we see him as 130 00:07:08,040 --> 00:07:10,000 Speaker 1: a host on MSNBC or CNN. 131 00:07:10,240 --> 00:07:15,600 Speaker 2: Ah, probably that could happen, although he is I think 132 00:07:15,760 --> 00:07:18,200 Speaker 2: emerging as a bit of a wing nut. And what 133 00:07:18,240 --> 00:07:20,520 Speaker 2: I mean by that is he's really on the far 134 00:07:20,640 --> 00:07:30,520 Speaker 2: reaches of this sort of Israeli conspiracy plus anti Semitism, 135 00:07:30,640 --> 00:07:34,560 Speaker 2: right in league with people like Tucker Carlson, Megan Kelly 136 00:07:34,560 --> 00:07:37,880 Speaker 2: and so forth who think this whole war is about Israel. 137 00:07:38,680 --> 00:07:41,640 Speaker 2: And I have to say, Mark, of all the presidents 138 00:07:41,680 --> 00:07:45,640 Speaker 2: we've had in recent times, or even political leaders, the 139 00:07:45,760 --> 00:07:49,240 Speaker 2: idea that Donald Trump is being led by the nose 140 00:07:49,640 --> 00:07:54,760 Speaker 2: by a foreign ally Benjamin Netanyahu, is so ludicrous to me. 141 00:07:54,920 --> 00:07:59,400 Speaker 2: I don't know anybody who is more self determined, let 142 00:07:59,480 --> 00:08:04,040 Speaker 2: us say, than Donald Trump, right, I mean, and completely 143 00:08:04,120 --> 00:08:06,240 Speaker 2: does what he wants to do when he wants to 144 00:08:06,240 --> 00:08:10,040 Speaker 2: do it, et cetera. Joe Kent, yes, is now a 145 00:08:10,160 --> 00:08:12,880 Speaker 2: darling of the left because he's come out critical of 146 00:08:12,920 --> 00:08:17,080 Speaker 2: the war. But you know, look at what he said 147 00:08:17,160 --> 00:08:20,560 Speaker 2: in interviews just two years ago about Iran being a 148 00:08:20,600 --> 00:08:24,560 Speaker 2: major threat to this country. It's really almost impossible for 149 00:08:24,600 --> 00:08:27,080 Speaker 2: me to believe. By the way, a couple of years 150 00:08:27,120 --> 00:08:29,560 Speaker 2: ago he was talking about maybe running for office. I 151 00:08:29,680 --> 00:08:32,439 Speaker 2: have to think some of this is maybe in preparation 152 00:08:32,640 --> 00:08:35,720 Speaker 2: for some attempt to run for office. I don't know, obviously, 153 00:08:35,840 --> 00:08:40,920 Speaker 2: I don't know, but I think it's incredibly phony baloney. 154 00:08:41,080 --> 00:08:43,920 Speaker 2: And you know that's the kind of heroes the left 155 00:08:43,960 --> 00:08:44,640 Speaker 2: have right now. 156 00:08:45,440 --> 00:08:49,080 Speaker 1: Yeah, very interesting. Well, everybody read Liz Peak's columns, watch 157 00:08:49,080 --> 00:08:51,480 Speaker 1: her on TV, and go to her website and make 158 00:08:51,480 --> 00:08:54,720 Speaker 1: sure you sign up get the daily news briefings every 159 00:08:54,720 --> 00:08:57,959 Speaker 1: it's very good stuff. You go to lizpeak dot com, 160 00:08:58,040 --> 00:09:01,920 Speaker 1: lizpeak dot com, This Peak. Thanks for being with us. 161 00:09:02,320 --> 00:09:04,240 Speaker 2: Thank you for having me. Mark, take care. 162 00:09:04,080 --> 00:09:07,280 Speaker 1: All right, talk to you soon. Hey, don't forget Buck 163 00:09:07,280 --> 00:09:09,360 Speaker 1: and Clay Noon Today, boy. They do a great show 164 00:09:09,360 --> 00:09:11,960 Speaker 1: every day from noon to three. Then right after that 165 00:09:12,000 --> 00:09:14,319 Speaker 1: three o'clock you got the most listened to radio show 166 00:09:14,480 --> 00:09:18,880 Speaker 1: in America, Sean Hannity. You got Jesse Kelly at six, 167 00:09:18,920 --> 00:09:22,040 Speaker 1: and the best news show on wor Well, we've got 168 00:09:22,080 --> 00:09:25,840 Speaker 1: Curtis in the morning. But also it's It's Jimmy Fail, 169 00:09:25,880 --> 00:09:29,160 Speaker 1: a very funny show every night nine o'clock on seven 170 00:09:29,160 --> 00:09:30,559 Speaker 1: to ten wor