This show proudly sponsored by Real American Freestyle Wrestling. The votes are still coming in, but we overperformed in places we needed to, and we lost less in places we needed to.
So I think it's a testament to the strength of the momentum of our campaign and what we built. The deck was stacked against us, especially in the deep red south, and we've narrowed the margin. And for me, that is a celebration worth having.
Okay, you could have that celebration, but she did lose by nine points. Afton Bain on CNN talking about that she did get closer. Yes, she did not lose by 20, but she's one of the most left-wing candidates you could draw up. And the Republican Matt Van Epps is a dream candidate. Got a military background, special operations, went to West Point, successful in business, endorsed by President Trump.
But yet, there's an alarming, you know, Republicans should learn from this. You know, the fact that it was more of a struggle and you had to spend that much money, and the Democrats saw an opening, I think, is a warning sign for the midterms. But what does Lydia Moynihan think? New York Post financial correspondent, host of N. NY Next, a podcast providing indispensable reporting on people, places, and policies shaping New York.
Lydia, welcome. I'm so glad to be here with you. I know, and New York, you know, sometimes you do New York, it's really New York is a national story, 90% of the time, especially when it comes to finance.
Well, and yeah, and now when it comes to Mum Dani, I kind of feel like the city is going to be a bellwether for many of the other elections that we're seeing in the country. And it's interesting, even last night, the candidate they ran in Tennessee was more in the vein of Mum Dani, where she wanted to. Defund the police and had fantasized about police stations burning down. And it's interesting to see. Doesn't like country music.
And that. And that. You know, it really comes down to country music. But hey, actually, country music typically has a lot of more conservative values.
So it's not just a genre. It also, I think, speaks to the sort of values of the South as well.
So what do you think that Republicans should take from this? If anything, what do you think they should learn from this?
Well, that they won by nine, not 20. Or some people say that's fine. You know, Carl Robes was just on. He said, that's not a big deal. It's still a victory.
And so that's certainly encouraging. But I think this is a good wake-up call for Republicans because this is a very deep red state. They should be winning by the kind of margins that Trump won by. And I think. People get very complacent in those districts and they think, oh, you know, these are just Republican voters.
We can just rely on them. But Republicans are typically low propensity voters. And what's interesting is the Republican sort of coalition has been realigned.
Now we're seeing more working class people become Republicans voting for Republicans. Those are lower propensity voters.
So Republicans need to make sure that they really get those folks to turn out and vote. And they need to figure out how to get people to turn out and vote when Trump isn't on the ballot, right? He campaigns like hell. He gets people to turn out. He reaches them, uses the kind of messaging that they want to hear.
And he works really hard. He's doing a bazillion rallies a day when he's running for office. Right. And I think he's got to handle it like he's running for office starting in January. He really does.
He's got to pick his spots, I know. But he's proven he could take the Oval Office anywhere. I mean, wherever he is, that's where the game is.
So he doesn't need to be in 1600 Pennsylvania Avenue. Mar-a-Lago obviously had the delegation there this weekend for hours talking. about Ukraine and Russia peace.
So, Lydia, from the financial perspective, when people say you have to talk about affordability. The Democrats' way of talking about affordability is raising taxes and making things free. And but the name, the affordability is resonating. What if you're a Republican strategist or you're a politician that wants to be successful, you have a year? Yep.
How do you make things more affordable? And what does that mean to you? Yeah, well, Trump said the word affordability is a scam. It is funny because it feels like a word that a political consultant would have come up with, and yet people evidently are really resonating with that word. But the bottom line is it is about the economics and the economic messaging.
And A lot of people are stage one thinkers, as Thomas Woolp put. They just heard, they hear the word free and they think, oh, great, my life is gonna be better. But the reality is those policies, obviously, socialist policies don't lead to life improving. Republican policies do. And there was an interesting report last night that In Republican states, gas prices are far lower than Democratic states.
So that's a great messaging issue, right? We can make gas prices cheaper. Highlight those facts because Republican policies lead to more affordability. They lead to more supply, which of course brings cost down.
So I think it's just a matter of saying, look, we can point to the fact that our policies work and just hitting that again and again. The president's handling this, he's frustrated because he sees most of the stuff he's doing is for the economy and he's got low ratings right now in the economy. But the most fixable area, I think, are his ratings on the economy. especially when the beautiful big beautiful bill kicks in. But the President, remember during the pandemic, I think one of his weaknesses was he was trying to will the virus away.
He's like, don't worry about it, get back to work, let's open up the schools. And people say, well, I'm not sure you should do that.
Next thing you know, Mike Pence took over. The same thing, he's trying to will the economy away. Here's what he said: Cut 41. There's this fake narrative that the Democrats talk about: affordability. They just say the word, it doesn't mean anything to anybody.
You just say it. Affordability. I inherited the worst inflation in history. There was no affordability. Nobody could afford any of that.
The word affordability is a conjob. by the Democrats.
So Is there a risk, Lydia, do you think of the present if people who live paycheck to paycheck are finding it harder? Uh to to get everything on their list when they go grocery shopping. Is there a list of sounding detached? Yeah, I don't think that denying people's reality is ever a smart political strategy. I think people do feel, I mean, you look at consumer sentiment, people aren't happy with the economics.
So I think the reality is you should acknowledge that people are feeling in that way because you're not going to talk them out of their feelings. And then talk about how your policies actually have made life more affordable. And there are things you can point to, again, like gas prices, and say, this is what we've done so far. I know it still feels like you're being pinched. I know it still feels like relieving paycheck to paycheck.
Here's what we've accomplished, and here's what our policies will continue to accomplish. How do you feel about the Trump dollars for kids born? They're getting $1,000. And then you have the Dell, Michael Dell, come in and say, We're going to give every kid $250.
So they've got to be able to access it when they're 18, but make them feel a part of the economy. Make them feel maybe incentivize parents to have more kids. Yeah. Do you think this is good? Financial sense?
I wish I had a Trump account. Yes. Look, I actually think it's a really clever and new idea. To teach people financial literacy. And again, you're not just handing out a check for $250 to everyone, you're kind of teaching them the value of compounded interest, of investing, of putting money.
Aside. And so I think this is going to give people a stake in the game. And I think there has been this alarming sentiment, especially among young people who feel disenfranchised, that socialism is the answer.
Well, clearly, you're not going to have a free market in socialism that has these kinds of returns. And so I think giving people a stake in the stock market is key, because that's been another attack against Trump, you know, is people say, sure, the stock market is going up, but That's only for the rich. Only the rich people have an interest in the stock market.
Well, if you give everyone an interest in the stock market, They're going to pay attention to that and they're going to see that as a positive sign for their own economic well being. You know, what's so interesting is that we had their the deputy Treasury Secretary on on Fox and Friends today. And They are now having a conference and they're trying to get pushback. Don't use the word capitalism, it's evidently not a great buzzword, but economic freedom might be a better line to use. But they want to start selling it.
And these are some of the things that emerge from that. They want to give people a sense they're part of the economy. They want to try to give people some financial literacy because we learn almost nothing in school. When people have a stake in the system, they say they don't want to bring down the system. This is my piece of the American dream.
They'll say, that's my thousand dollars, and now I've got 250. My sense is that Trump knows other rich people that are saying to themselves, I want to find a way to give. And I think with some of those people they come to his dinners, they might want to be a part of it because now we know the figure of six billion dollars can get another two fifty in there.
Next thing you know, you have a generation growing up where they feel as though they're building something. Exactly. And I think pe I mean it it's it's Tragic for this generation that they followed this narrative of go to college. They ended up taking out a lot of debt, and they feel in this position where they can't have the American dream, where they can't ever pay off the debt, where they can't get a house. And so, I think the idea that you're working towards something, and if you continue to work hard and to do the right things, that you will have this promise of having that kind of cash where you can make a down payment on the home.
I think that could be truly transformative. And something's got to give because, again, you look, an overwhelming number of young people at this point are sort of lured in by socialism. And so, I think you do need to make some sort of dramatic change to sell people on the free market. Every day, America's first responders stand ready: firefighters, law enforcement, paramedics, doctors, dispatchers, and people who put themselves on the line for public safety. But keeping them connected in moments of crisis has not been easy.
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Listen and follow now at FoxnewsPodcasts.com or wherever you listen to podcasts. Yeah, I think so because we just thought it was assumed that people would understand our economic system. But now you have a generation growing up that says, you know what, it's just not fair. I wouldn't mind free buses. I wouldn't mind to raise taxes on rich people.
I wouldn't mind my rent being frozen. But you can't play that out to see the ripple effects of that. But that's how this guy won. Mandami won. Right.
No, and I think to your point, financial literacy isn't just learning, you know, oh, this is the NASDAQ, this is what equity is, it's learning economics and what the end result is of these policies. That's hopefully a big part of the financial literacy, that when you make everything free, Actually, it doesn't work out because people don't have an interest in the system. You can't make buses just free. That means the people paying the taxes are going to leave, right?
So hopefully, there's an element of literacy that's taught as people are getting these accounts. And I think that's something, you know, Trump's obviously working to sort of transform the education system. I think that could be a key thing that's added as well. Get rid of the critical race theory and add in some economics. All right.
So Lydia Moynihan here, your latest article is about, well, one of your latest is former speaker Nancy Pelosi, Stock Trades, have launched a multi-million dollar company.
So we know this.
Now she's more open to limiting trading among lawmakers now that she's leaving. She was questioned about this on 60 Minutes, I think, 10 years ago, and she was offended by Scott. It wasn't Scott Pelly, it was Steve Croft. of going to a press conference and going through, what have you discovered? Yeah, it's always easy to try and pull the ladder up when you're on the way out.
I'm a little skeptical. I know there's now another push where it seems like maybe this legislation could pass. At the end of the day, Congress is so rarely incentivized to actually legislate themselves and to diminish their own power.
So I'm skeptical it's going to pass. But let's see. You know, maybe she can get it done in her final few months here in Congress. What do you see as Pelosi has made a ton of money? What have you discovered?
Well, it is funny, too. And when she's asked about it, suddenly she becomes the biggest advocate for the free market. You know, a few years ago during COVID, when it was revealed that. She's made millions. She's basically said, Oh, it's the free market.
It's a great thing.
So, I'd love to hear some more messaging about why the free market is good from the Democrats. We don't, but the problem with Pelosi in particular is that it's not just that she's making money from stock trades. Of course, I do need to note she always says it's her husband. But she's making money from the companies that she is in charge of regulating, essentially.
So, for example, when the CHIPS Act came out, she'd already bought NVIDIA, right?
So, she has access to understand what kind of legislation is going to be coming down the pike. And how she can benefit from that. She sold a lot of her big tech stocks right before the DOJ announced a lawsuit against Google.
So clearly, she has a lot of insight as former speaker. As to what's happening in DC and what the implications of those policies will be on these companies, and we see she's making those strategic trades before that kind of knowledge is apparent to the rest of the public. I mean, the president's for the most part, I remember George W. Bush put all his stuff into a trust. He had no idea where my investments are.
That's not going to be up to me. Trump's a little different. He says, I'm not involved with my company, but he has his son's doing things. Was he able to, could his son have picked up the phone and said, hey, dad, what's going on with Saudi Arabia? Are we going to be doing an investment here?
I'm not sure. But I also know that they were very frustrated the first time because Don, in particular, was in charge of international deals. And they basically said to him, ethics-wise, don't do any.
So he said, What am I going to do? I think now they're pushing the envelope. One distinction that I would make is. I think a l The frustration that a lot of Americans have is the people who go into Congress with no money and leave super rich. I think Donald Trump's a little different.
He was already a billionaire. Yeah. And he's still rich. He lost money the first term. He lost money the first term.
So I think that feels a little icky to me as people who go into public service Sort of with the intent, it would seem, to make money.
So, just lastly, before I let you go, I want you to back to your life at the New York Post, which is glorious and glamorous. Oh, I've never heard a newspaper described as glamorous, but I would have been in the world. I hear it's a wild newsroom you guys have. We'll not take it. You've got to come visit.
I've never really been in there. 10th floor. Yes, 10th floor? Yeah. Well, my past worked there.
It will not. Fox, I know this because you can't do it. Because you can't get through here. Fox, yes, and Fox has a really great cafeteria, and we're all so jealous because we don't get access to it. Really?
Yeah, you get these great salads for like. $8? But you know so many people, you can't throw somebody's name around. That's true. What you want with Jesse?
Well, maybe I'll name drop you next time. Right, I think it gets a lot of fun. Brian said I could get a salad. I'll be quick. I won't cause any trouble.
But with Montami coming into office now, I think every day is going to be newsworthy. My hope is he's going to realize a lot of things he's saying don't make financial sense. He's not going to have the money to do anything if he implies this. And at one point, he's going to have to step back and realize how the financial sector fuels everything else he wants to do from what you have picked up. Is he have does he have the ability or willingness to understand a lot of his policies will not fly in this country?
I I can't prognosticate on his uh sort of inner workings, but it is. Noteworthy, after he met with Trump, there's been a couple posts about how he actually wants to deregulate small business. That's one thing he's begun talking a bit about on social media. I would like to see more of that. You know, Hope Springs.
Hopefully, once he gets in there and kind of sees how the world works, maybe he'll change his tune. And it's been funny as well. He's coming to. Criticism because you know he wants everything to be free, and then he's been posting all these videos asking people for money because he, of course, needs money to continue to. Lastly, do you see on this Venezuela thing the same type of distraction as a Russia hoax, the Epstein files, when they're talking about double-hitting a racing boat full of drugs?
I've just been shocked. It's wall-to-wall coverage. I mean, you would think this is Watergate. It's gotten. Unending attention.
And I think it was kind of upsetting to see just. The media just leaped on this Washington Post report. There were so many questions.
Now, the New York Times has essentially debunked it. But I think it kind of feels like selective outrage because. When Obama or Biden drone strikes We're talking American citizens, civilians. There were weddings that got thrown. There were horrible things that happened.
it didn't get any attention in the media. You know John Kirby go out there and say, oh, we're learning from our mistakes. And people were like, okay, that sounds great. Let's move on.
So it is just complete selective outrage that that was not a problem, but now Drone striking drug bows is. Lydia Moynihan, thanks so much. I couldn't agree more.
