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Bill Hagerty: 'Infrastructure bill will be devastating to America' - YouTube
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meeting at 11 A.M today to continue work
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on that bipartisan infrastructure bill
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this coming as Democrats push for a
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separate three and a half trillion
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dollar spending Bill my next guest voted
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against the infrastructure proposal
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earlier this week Tennessee Republican
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senator Bill Haggerty joins us now
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Senator thanks for joining us um every
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time I look up there's a I know these
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old Christmas tree or Christmas ornament
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thing that happens down there as these
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bills approach the finish line and
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everyone tries to sneak things in but it
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seems like it's gone from bad to worse
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in just the last 24 hours what do you
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think it's like Groundhog's Day Charles
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I mean they keep saying they've got a
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deal I've been hearing this for weeks
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you get right to the finish line and
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then they don't have one again I do
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think they're close but this has been
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extraordinarily frustrating and it's
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extraordinarily damaging for the economy
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what they're talking about
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uh one of the principal issues seems to
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be how green they can make this deal
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even at the expense of patching roads uh
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I mean it's pretty transparent it's
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pretty obvious do you think your
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colleagues will go well just at some
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point through attrition say okay
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well I don't know what Chuck Schumer's
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ultimate goal is but they've been pretty
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clear they're going to push through this
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3.5 trillion dollar completely partisan
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package it's a tax and spending spree
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and as you say it's the green New Deal
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repackaged and they're going to try to
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put it alongside this so-called
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bipartisan package which you know really
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is just a shield for them and it's
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actually a ploy to say that they've got
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bipartisanship when indeed what they're
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really shoving through is everything
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that people worked hard to negotiate out
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of the bipartisan deal it's not good
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faith it's not compromise and I don't
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see much bipartisanship in this at all
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yeah you uh you you talk about the fits
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and starts and how this has been going
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on for weeks now uh not long ago
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President Biden actually took a Victory
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lap on the bipartisan nature of this
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only to almost immediately say it had to
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coincide with the three and a half
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trillion dollars he's kind of walked
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that back but Nancy Pelosi has not uh
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and and so is this really a bipartisan
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deal is there still being held hostage
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by this to your point this three and a
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half trillion dollar bill I think Nancy
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Pelosi has been very clear she said
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she's not going to even look at the
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so-called bipartisan Bill until she's
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got the 3.5 trillion dollar package
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right in front of her again I've been a
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business person all my life Charles you
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know how you you spend more time
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sometimes negotiating out of a deal you
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know you focus on what isn't in the deal
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maybe sometimes more important than what
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is in it and here we have all of the
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things that were negotiated out the
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green New Deal raising death taxes
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crippling taxes on corporations you know
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killing the fossil fuel industry that's
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what we're going to see in the 3.5
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trillion dollar package it's going to be
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devastating to America
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let's talk about inflation for a moment
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yesterday uh consumer sentiment came in
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significantly below what Wall Street
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anticipated because the inflation rate
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was at a 13-year High
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Democrats consent continuously say that
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this three and a half trillion dollars
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will actually drive inflation down uh
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it's an argument that turns economics
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101 on its head but it isn't it is
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something that putting out there to the
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American public what do you say well I
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think that if you look at the inflation
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that's already embedded in the economy
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Charles just go to the gas pump here in
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Tennessee gasoline prices are up 60 or
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70 percent since Biden took office that
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everything every good that we buy has to
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be transported that's inflationary
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you'll get home prices here in Nashville
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they're up 15 20 percent that means
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rents are up all of this is speeding
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inflation and it's not temporary then
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you talk about the March so-called
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coveted relief package that was 1.9
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trillion you add to this the 1.2
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trillion dollar bipartisan package the
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3.5 trillion that Nancy Pelosi is
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talking about not doing until she gets
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out all you know all put together we're
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looking at perhaps three to four times
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the size of our normal GDP when this all
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gets scored dumped into our economy in
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one year that is inherently inflationary
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I've got a minute to go I know the
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there's a lot of talk about trying to
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maybe extend eviction moratoriums and
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I'm also hearing just some some talk
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also maybe even extending the federal
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unemployment benefits because in the
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rise of the Delta variant are you
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hearing that at all I I've heard about
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it but I'll tell you what I'm hearing
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from employers Charles we've got far
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more job openings here in Tennessee and
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then we have people that are unemployed
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we need to get people back to work and
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what the federal government is doing is
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disincentivizing work our employers are
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competing against the federal government
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it's devastating for the economy it's
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hard on people too people need the the
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pride of work and I think it's really
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unfortunate when you've got the federal
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government cutting the other direction
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