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Speaker Johnson Joins Fox Business
Speaker Johnson Joins Fox Business
Speaker Mike Johnson
39.9K views • 524 likes • 136 comments
3 weeks ago • 11:06 min
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Transcript
[00:00]
deal. Joining us now, House Speaker Mike
[00:02]
Johnson. Mr. Speaker, it's great to see
[00:04]
you.
[00:04]
>> Good to see you.
[00:05]
>> So, you know, uh, Mr. Shia obviously
[00:07]
left Washington, so we've got this
[00:09]
two-month trade extension uh, right now.
[00:12]
And then obviously, you know, a
[00:13]
commitment to soybean purchases that was
[00:15]
made as well. What do you think that
[00:16]
President Trump uh, and the American
[00:18]
people really got from this visit uh,
[00:20]
that we don't know about yet? What was
[00:22]
most important to you in all of this?
[00:24]
>> Well, I I think the relationship is
[00:26]
important. I think Marco Rubio said it
[00:27]
very well. We have an obligation to
[00:29]
engage in diplomacy with China.
[00:31]
Obviously, we're the two largest
[00:32]
economies in the world. They're a big
[00:34]
trading partner, but we also uh have to
[00:36]
be very vigilant against Chinese
[00:38]
threats, right? They steal intellectual
[00:40]
property. They they've tried to, you
[00:42]
know, there's been malign influence in
[00:43]
certain areas. They try to influence the
[00:45]
American people. Uh and of course, you
[00:47]
know, they have a big military as well.
[00:48]
So, um I I think the diplomacy is
[00:50]
important. I think the relationship's
[00:52]
important. President Trump is right to
[00:53]
emphasize that. Uh but it's uh we're
[00:55]
wary about it and we've got to continue
[00:57]
in that with in that vein I think.
[00:59]
>> What about the issue of Taiwan
[01:00]
specifically? It really wasn't mentioned
[01:02]
at all. Uh at the same time, you know,
[01:05]
Xiinping wants the US to pull back
[01:08]
support for Taiwan. Uh obviously, as the
[01:10]
speaker, you've made it very clear
[01:12]
already. You have said uh no reduction
[01:14]
in US support for Taiwan for arm sales.
[01:17]
We know that there's a 14 billion
[01:18]
package that's sitting there right now.
[01:20]
Um that package in particular, it's been
[01:22]
held up for months.
[01:24]
Do you think that the president is using
[01:26]
this as a negotiating tool uh to with
[01:29]
trade with the Chinese by holding back
[01:32]
on at least signing what is already on
[01:34]
his desk right now?
[01:35]
>> Well, I wouldn't read too much into
[01:37]
that. That's related to the Iran
[01:38]
conflict and the need for that the
[01:40]
missiles packages, everything that's
[01:42]
involved and going on in the Middle
[01:43]
East. Uh, I think what you can read into
[01:45]
President Trump's resolve is that what
[01:47]
he's actually done, if you look over his
[01:49]
two terms, he will have completed, I
[01:51]
think, $40 billion in arm sales to
[01:53]
Taiwan, which is about twice what
[01:55]
President Obama did. So, I don't think
[01:57]
anybody can question the US resolve. We
[01:59]
understand that Taiwan is a very
[02:01]
important partner, friend, and ally of
[02:02]
ours, and we need them to be stable and
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independent. Uh, I think that's very
[02:06]
important for national security
[02:08]
purposes, the economy, and everything
[02:09]
else. So uh I I think you can continue
[02:12]
and and expect to see that uh continue
[02:14]
in the future.
[02:14]
>> All right. So if the support for Taiwan
[02:16]
at least the the stance continues from
[02:18]
the United States. Okay. That's very
[02:19]
important. We got to talk about AI.
[02:21]
Okay. So you've already said that there
[02:22]
should be no AI moratorum. You've made
[02:25]
that very clear. Uh you say that slowing
[02:28]
development on AI would give China the
[02:30]
lead. We've heard that from many
[02:32]
executives. Uh but you say in particular
[02:34]
that the industry and you've emphasized
[02:36]
this repeatedly that basically the
[02:38]
industry should bear the responsibility
[02:41]
um rather than having Congress and
[02:43]
lawmakers many of whom don't understand
[02:45]
the true depth of AI and the risks of AI
[02:48]
uh leading on AI safety. You're going to
[02:50]
be meeting with the president uh and
[02:51]
some of the big AI uh executives. What
[02:54]
do you want them to agree to? What is
[02:58]
most important to you?
[02:59]
>> Well, let me put it simply. Th this
[03:01]
meeting tomorrow has been a long time
[03:02]
coming in my view. I've talked to the
[03:04]
president about it several times. He's
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the only one that has the the gravitas
[03:07]
to be able to pull them all together.
[03:09]
The leaders of all the different AI
[03:11]
platforms all have different ideas and
[03:13]
prescriptions on on what the supposed
[03:15]
guard rail should be. Now, your point
[03:17]
that you started with here is the right
[03:19]
one. They have a corporate
[03:20]
responsibility as every corporation does
[03:22]
to to create safe products, right? Um,
[03:25]
and there's product liabilities laws
[03:27]
that apply and and a labyrinth of
[03:28]
federal regulations on all this stuff
[03:30]
already. We do not need a moratorium. We
[03:32]
do not need to jump in and hyperreulate
[03:34]
this because we'll lose the race to
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China. The innovation is important to
[03:37]
continue, but we have to strike the
[03:38]
right balance. That's what the
[03:39]
conversation is going to be about.
[03:40]
>> You've said that these companies can
[03:42]
self essentially self-regulate
[03:44]
themselves, but that is not the national
[03:46]
conversation that we have going on right
[03:47]
now. I mean, if if an AI company knows
[03:49]
that its model is a risk to humanity,
[03:52]
and that has been a real concern here, a
[03:54]
national security risk, should they be
[03:56]
legally required to disclose that to the
[04:00]
federal government? Should this be put
[04:01]
into law, and should the DOJ be the one
[04:04]
that's going to oversee this in your
[04:05]
opinion?
[04:06]
>> Well, I I think there may be a role for
[04:07]
the DOJ if things go ary. But what we
[04:10]
need before we get to that stage is
[04:12]
transparency and um and and we need some
[04:14]
oversight. And I think that's what's
[04:16]
involved instead of instead of just
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smothering this with red tape, which is
[04:20]
always the government's reflex and I
[04:22]
think would be wrong and frankly
[04:23]
dangerous to national security if we did
[04:24]
it here. Um, we want to continue the
[04:26]
innovation. We want to keep America's
[04:28]
lead over China and all of our other
[04:29]
competitors, but we want to make sure
[04:31]
that it's being done in a safe way. So,
[04:32]
a little oversight, a little
[04:33]
transparency, I think would go a long
[04:35]
way here.
[04:35]
>> Do you think that there's any regulation
[04:36]
that Congress should pass on AI this
[04:39]
year? You do have the lame deck session.
[04:41]
>> We do. We we began looking at this
[04:43]
February 2024. before I became speaker
[04:44]
on October 23rd uh 23 and I put together
[04:48]
a bipartisan coalition a task force to
[04:50]
look at this. They produced a 270page
[04:52]
report on ideas but uh some of that is
[04:55]
obsolete already. It was published
[04:57]
months ago. You know the frontier labs
[04:58]
are the ones that know the most about
[05:00]
this and so we've got to have them
[05:01]
involved in the conversation about what
[05:03]
those supposed guard rails look like. I
[05:06]
I'm going to resist the the siren song
[05:08]
that Bernie Sanders call to, you know,
[05:10]
impose strict limits and moratoriums. I
[05:12]
think that's the wrong approach. So
[05:13]
again, a balance is what we're after. I
[05:15]
think the conversation tomorrow will
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help us along that way.
[05:17]
>> No, the senators had 20 years in prison.
[05:19]
So there's a there's some very extreme
[05:20]
ideas being floated around, but look,
[05:22]
the American people are listening to
[05:23]
this obviously. Um I mean, do you think
[05:26]
that this with regards to China, I mean,
[05:29]
I've had several tech executives and
[05:31]
lawmakers, to be clear, say that the
[05:33]
information against data centers, that
[05:35]
push back against data centers, that is
[05:37]
coming from China. They believe that. Um
[05:40]
the Democrats are seizing on this
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though. They're making this their
[05:43]
messaging. They've been very clear
[05:44]
they're going to take this into the
[05:46]
midterms. How do you how do you fight
[05:47]
that?
[05:47]
>> This is what Democrats do every election
[05:49]
cycle. They find something to, you know,
[05:50]
glob on to and say that this is doom and
[05:52]
gloom and everyone will die if we don't
[05:54]
win. Don't buy it. It is a Chinese scop.
[05:57]
I really believe that. It's not a
[05:58]
conspiracy theory. I think they're
[05:59]
pushing those ideas. But the the
[06:01]
community concerns are important and I
[06:03]
think our candidates on the campaign
[06:04]
trail have made a very good case for
[06:06]
this and the incumbents in Congress to
[06:08]
say the Republicans to say you have to
[06:10]
regard community influence. Trust is
[06:12]
earned. It's not automatic. So, the
[06:14]
companies that go in to build AI
[06:15]
infrastructure need to meet with the
[06:17]
community and make sure that you have
[06:19]
rate payer protection pledges in place
[06:21]
and all of that. We passed the the bill
[06:23]
through the House a couple weeks ago,
[06:24]
the rateayer protection act, which
[06:26]
codifies President Trump's u provision
[06:28]
that says if somebody's going to go in
[06:30]
and build one of these uh this
[06:32]
infrastructure, then they need to ensure
[06:33]
the local community they'll be good
[06:34]
corporate partners. Your rates won't go
[06:36]
up. We won't uh use uh the water
[06:38]
resources that they can cycle that
[06:40]
inside. There's a lot of precautions
[06:42]
that can be made and where it's done
[06:43]
well, they partner with the local
[06:45]
community. It's a win-winwin because it
[06:47]
provides a lot of jobs, a lot of uh new
[06:49]
investment, and that's what these local
[06:50]
communities need.
[06:51]
>> Well, let's talk about about the
[06:53]
midterms obviously and the messaging and
[06:55]
the economy. Looks, you know, September
[06:57]
consumer sentiment, it did fall, but our
[06:59]
Fox News polling shows that when people
[07:01]
are asked like, "What is a big problem
[07:02]
for your family?" They talk about the
[07:04]
basics, kitchen table issues. They talk
[07:06]
about gasoline. They talk about
[07:08]
healthcare. They talk about even diesel
[07:10]
prices has, you know, become one of the
[07:12]
leading issues here. You know, the big
[07:14]
question here is where's the disconnect?
[07:17]
Because you and the party and the
[07:19]
president have done so many things that
[07:20]
have been that have been growth of
[07:23]
policies that have pushed up the US
[07:25]
economy with the markets. That's not
[07:27]
getting through to the elector. Why is
[07:29]
that?
[07:29]
>> Well, I tell you what, the midterms is
[07:30]
going to come down to a handful of
[07:32]
seats. It really is about 22 seats are
[07:34]
the swing districts. We know which ones
[07:35]
are red, which ones are blue, and that's
[07:37]
the battle. So, in those districts,
[07:38]
where I'll be traveling for the next 6
[07:40]
weeks, uh uh and have been all year, the
[07:42]
last two years, the whole cycle, uh we
[07:44]
have better candidates. They have a
[07:45]
great message. They're talking about
[07:46]
what we've actually done. We gave the
[07:47]
largest middle and working families tax
[07:50]
cut in in the history of the United
[07:51]
States. 4.1 trillion in tax cuts. We cut
[07:54]
$1.6 trillion in wasteful spending going
[07:57]
going after the fraud. Uh we have done
[07:59]
so much for the small business owners to
[08:01]
allow immediate expensive capital
[08:02]
expenditures and that's added more jobs.
[08:04]
1 million private sector jobs that have
[08:06]
been added. Wages are going up.
[08:07]
Inflation is coming down. Remember under
[08:09]
Biden Harris it got to a a 40-year high
[08:12]
9.1%. You don't just flip a switch after
[08:14]
an election and and turn it back down to
[08:16]
zero. We're gradually on that case. The
[08:19]
the costs are too high. But we've got to
[08:21]
continue what we're doing because that
[08:22]
is what is making the economy better and
[08:24]
stronger.
[08:24]
>> Okay. So, let's talk about what
[08:26]
specifically could get cheaper for
[08:27]
American families between now and
[08:29]
November or right after the midterms.
[08:31]
That's one thing. The other thing is
[08:32]
that, you know, the president floated
[08:33]
this idea of a $5,000 dividend check uh
[08:36]
if the Republicans maintain both the
[08:38]
House and the Senate. You know, he needs
[08:39]
that base to get out there and vote.
[08:40]
Understood. But how do you pay for that
[08:43]
if that came to your desk uh after the
[08:46]
election? And we're talking like that's
[08:48]
like a trillion dollars. How is that
[08:49]
supposed to get paid for without without
[08:51]
raising inflation? Well, the president
[08:53]
just like we are are laser focused on
[08:55]
bringing down the cost of living and we
[08:57]
always have been and we've been working
[08:58]
on that ever since we got going and in
[09:01]
our innovative legislation we've made
[09:03]
some landmark strides in that. The
[09:04]
reason that costs are too high right now
[09:06]
is directly related to the straight of
[09:08]
Hamuz and the unresolved conflict in
[09:09]
Iran. I do believe we're coming to a new
[09:11]
phase of that soon. And when we do that,
[09:13]
gas prices, as the president has said
[09:15]
rightfully, will come down dramatically
[09:17]
and as will the cost of goods because
[09:19]
you've got the transport costs that are
[09:20]
added to get those goods to the market.
[09:22]
So that is the big wild card. Once that
[09:25]
happens, this economy is going to take
[09:26]
off like a rocket. Remember Scott Besson
[09:28]
said in the end of 2025, he said 2025 is
[09:31]
like setting the table in the economy.
[09:32]
The feast and the banquet's going to be
[09:34]
in 2026. The first quarter, we are
[09:36]
beginning to take off like a rocket and
[09:37]
then the Iran conflict started. this
[09:39]
about growth. Uh, you know, Reuters is
[09:41]
reporting that Republican groups have
[09:43]
been putting money to at least 39 House
[09:44]
races where these are races where they
[09:47]
weren't spending money before. What is,
[09:49]
if that's based on their polling, what
[09:51]
is your internal polling telling you
[09:52]
right now?
[09:53]
>> I'm telling you that we can win the
[09:54]
midterms and I'm very bullish about
[09:55]
that. I believe we're going to defy the
[09:57]
historic trend. Remember, it's only
[09:58]
happened twice in 90 years that a
[10:00]
sitting president has picked up seats
[10:01]
for his party. But this election is is
[10:03]
unlike any other. This is not our
[10:05]
father's Democratic party. They're going
[10:06]
full Marxist, socialist, communist on
[10:08]
the other side. And that helps us in
[10:09]
this race. We have better candidates. We
[10:11]
have a fundraising advantage for the
[10:13]
first time in many, many years. And uh
[10:15]
and we're making that case. And so in
[10:17]
the 22 districts that I believe are
[10:19]
going to decide this, remember that
[10:21]
President Trump won 21 of those 22
[10:24]
districts just two years ago, we have a
[10:26]
lot of tailwinds that the media is not
[10:28]
giving us cover for. Remember, the
[10:29]
mainstream media is trying to advance
[10:31]
the false narrative of the Democrats,
[10:32]
but we're running our race. our our
[10:34]
candidates are uh right there every day
[10:36]
and they're talking to their
[10:37]
constituents and common sense. This is a
[10:39]
contrast election between common sense
[10:41]
and crazy. Common sense is on our side.
[10:43]
>> You could you give me a number. How many
[10:45]
seats are you going to have November
[10:46]
before?
[10:46]
>> I'm I'm not going to prognosticate, but
[10:47]
I'm telling you we will keep and grow
[10:49]
the House majority. And I've had the
[10:50]
smallest one in US history. So any
[10:52]
improvement is great.
[10:53]
>> And no, and I'll tell you what, you've
[10:55]
done an amazing job of keeping your
[10:56]
party together. So I mean it it really
[10:58]
has been incredible. Thank you so much
[11:00]
for being here.
[11:00]
>> Glad to be here. Thanks.
[11:01]
>> All right. Great to see you. House
[11:02]
Speaker Mike J.
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