About this transcript: This is a full AI-generated transcript of SHOCK WARNING: Vance says America could elect a SOCIALIST PRESIDENT from Fox Business, published July 17, 2026. The transcript contains 1,198 words with timestamps and was generated using Whisper AI.
"Vice President J.D. Vance is shedding some light on the rise of socialism across America, saying decades of failed economic policies are to blame and Republicans must fix it. With him 100% and I've been saying that, you know, how we got here is just as important as why we're actually here and why..."
[00:00:00] Speaker 1: Vice President J.D. Vance is shedding some light on the rise of socialism across America, saying decades of failed economic policies are to blame and Republicans must fix it. With him 100% and I've been saying that, you know, how we got here is just as important as why we're actually here and why people are voting for this because the wealth gap and the divide feels too great for a good segment of people in this country, which is where some of the popularity comes from. And so analyzing sort of the policies that got us here and how we can do better would be positive. What I worry about, Marcus, is that potentially this conversation is coming a little too late when they're winning elections and people are angry instead of heading it off
[00:00:44] Speaker 2: before it happens. I respect the fact and I'm really happy that the vice president has finally publicly acknowledged that there's a problem and it needs to be dealt with. But if the Republican party wants to have any success in the fall, it better again find an economic savant that understands how to explain how math works and how socialism doesn't work. I think we've pointed to history books. We've talked about New York City. We've talked about all the crazy things that are out there. And it's not slowing the momentum down. And nobody's providing the math lesson on how it works. He did say some things that troubled me, which is 40 years of bipartisan mistakes. It's like the wide open door for a socialist to say, yep, we told you so. And that's why it's different. You gave us the window. Thank you for the soundbite. Well, that's a really interesting
[00:01:29] Speaker 1: point because I think about how this will work going forward and what people like Mamdani or AOC sees on or Bernie Sanders. It's this idea of affordability and things are not working for you and people identify with that. And they're given two choices, right? The choices are binary. So when you're given a choice in that way, it's like my system is failing me. That's how they feel. Mm-hmm. Even though this other system, the math of it may not be great. They're so sick of this system that they're willing to vote for that system, Taylor. Maybe. But as I argued on this program
[00:02:06] Speaker 3: before, and maybe my friend who's lives in the great state of Florida can tell me if he thinks I'm wrong. My husband's family is from Florida. I grew up in a very red city in a big, big blue state. These people will fight to the death before they let a socialist, because socialists come to this country because it goes against every bone in our body. This country was founded, and I don't want to take it for granted, but this country was founded on freedom. Freedom is like in our, it's running through your veins because as an American, that's just who I am. And so I don't want to take it for granted, but I don't see a world where Gary, a socialist or our freedom loving people in Florida would allow this to happen. I think that, I don't want to go, I feel like there would, like there'd be a civil war before this happened, because I don't think these freedom lovers would allow socialists to come in and say, we're doing socialism in this country. But maybe I'm wrong and I'm too optimistic.
[00:03:12] Speaker 4: Well, it always depends who's running the show and what are they conveying and is getting out there. Look, in Florida, they're lowering taxes on property while other states are looking to raise, and that's meaningful. We are attracting so many businesses and capital and people to the state where others are losing. That's just a fact of life. But use the word bipartisan over the last so-and-so years. My biggest issue is not with the Democrats at this juncture. It really is with a lot of the Republicans. They're running $2 trillion deficits. They're taking positions in companies. The one thing that really stood out in the last couple of weeks for me was somebody saying to gas station owners, lower your prices or else. No, I know. I'm sorry. That sounds like it's coming from- Socialists. The wrong side. So you've got to take care of your own before you start blasting the other. That's the way I look at this. And by the way, I have a laundry list of other things out there. But let me just say, on the optimistic side, hard work, sweat, toil, ingenuity, smarts. Capitalism, upward mobility. You really can't stop people wanting to do better for themselves and their family. We have the greatest technological advancements, medical breakthroughs in history, and it's only going to get better. That's the type of talk we need out there. And unfortunately, we have a little bit too little of that. Plus, don't get me started on the, how do I call this, the lots of trades going on in Washington, D.C. by both parties on information they already have that we've been indicted for and go to jail. People see that.
[00:05:04] Speaker 1: They get angry about it. And it's interesting because right now we're talking about the rise in socialism in this country. And you have some people saying, well, the Democrats are going to implode. They've got no shot in the midterms because of this. This is hurting them more than it's helping them. That may or may not be true. But then you look at the Republicans, Dagan, and we've pointed out some crazy things they've done as well. I don't think it's quite as bad. But I hear Gary's point on
[00:05:27] Speaker 5: that issue. Well, Vice President J.D. Vance took the opportunity recently on a podcast to dump on Milton Friedman and Margaret Thatcher. And to quote Steve Moore, based on a lot of the things he said, quote, this is anti-free market, big government gobbledygook. Here's just one lazy, fair economic truism that J.D. should have learned from Milton Friedman. Nobody spends somebody else's money as carefully as he spends his own. But that being said, the MOU and the ceasefire fell apart. That was J.D. Vance's baby. He went, he's, some positioning on Israel is ick. Nausea. Yeah. He and Kim Strassel in the journal today has a piece called President Vance goes AWOL. And there's a lot of business to get done in a very tight legislative calendar. The House, 20 legislative days before the midterms. The Senate has just 30. We've got a reconciliation bill, federal appropriations and annual defense policy legislation, Iran's supplemental funding bill, FISA permit, permitting, online safety, aviation reform, farm and highway bills. And the Republicans were equally awaiting their Tuesday meeting with Vice President J.D. Vance, hoping he'd break Congress's gridlock. They instead were notified of a scheduling conflict as Air Force Two winged to Texas. And then Wednesday was spent watching J.D. Vance on the Joe Rogan experience. So his message on socialism falls on some intentionally deaf ears at the moment, sadly.