Fox Business host Charles Payne slammed Democrats and the incoming Biden administration for “hijacking” the coronavirus crisis in order to push their ideological agenda.
The Making Money host called out the “despicable” tactics being used by Democrats as he weighed in on coronavirus aid during an appearance on Fox & Friends Tuesday, noting also how America is “seeing the consequences” of unfair trade deals with China.
Payne called out the “payoff” apparent in comments made by President-elect Joe Biden’s nominee for Treasury Secretary, Janet Yellen, who called for “big” action on the COVID-19 pandemic.
“Economists don’t always agree, but I think there is a consensus now: Without further action, we risk a longer, more painful recession now — and long-term scarring of the economy later,” Yellen said at her Senate confirmation hearing Tuesday.
(Source: Fox News)
“Over the next few months, we are going to need more aid to distribute the vaccine; to reopen schools; to help states keep firefighters and teachers on the job,” Yellen told Congress, adding later that “with interest rates at historic lows, the smartest thing we can do is act big. In the long run, I believe the benefits will far outweigh the costs, especially if we care about helping people who have been struggling for a very long time.”
Payne slammed the comments for “using our first responders as a cover” for the real agenda, which is to “reward blue states” which have exhibited “reckless spending, over-promising, horrible mismanagement of their budgets.”
“This is sort of a payoff, if you will, under the guise of helping teachers or firefighters. I hate when they use that kind of language, it’s despicable and completely dishonest,” Payne said.
“To your point, I don’t know that we need $415 billion to reopen schools. There may be some school systems out there that need additional help, you know, for safety precautions but it does not add up to 400 billion. Particularly when this also comes with a new rule on class sizes. So, we will make the classes smaller, ostensibly to help the kids, but that also means more teachers, more teachers unions, more money,” Payne pointed out.
“They’re hijacking a crisis, a visible, obvious crisis and they’re using it to push through their own agenda, ideological agenda, and that’s not right. That’s not what we need as a country right now,” the Fox Business host continued.
He called out the added items that have been “crammed” into the latest economic stimulus package as “not only disingenuous,” but also completely unnecessary.
Co-host Ainsley Earhardt asked Payne about reports that China was the only major world economy to record gains during the pandemic, even as nations around the world suffered under the strain.
“I don’t trust China’s data, but they probably did better than any other world country because, guess what? America shut completely down. Europe shut completely down,” Payne responded.
“It was already bad enough going into the COVID crisis that we relied on China for so much, it’s been so stupid for so many years to have everything that we need come from China!” Payne exclaimed as he tore into America’s reliance on the communist nation’s goods.
“How crazy is it that we create drugs in this country, we create the most life-saving innovations in this country and then we offshore it to China because they have the materials to make it cheaper or the people or the subsidies?” he continued. “So, yeah, China’s economy did better than the rest of the world but we were reminded of something. We should have greater self-reliance. We should do things here.”
“If the numbers are real, what a racket,” co-host Will Cain noted.
“Export a virus that causes the entire world to shut down thus increasing your ability to ship exports of needed supplies for everyone to combat the virus. That’s an amazing racket. One would almost call that mafia-like,” he added.
Payne noted that some economist are predicting that China will surpass America economically by 2028
“Here is the irony: They are still considered an emerging-growth country. Ironically, through the World Trade Organization, they get special benefits and considerations,” Payne said.
“Here’s the irony of it all. We were sucked into thinking that they would be fair players in a game of real honest free trade,” he added. “But it wasn’t. It has never been free or fair trade. And we are seeing the consequences of it.”
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