Fox Business hosts downplay economic consequences of war with Iran, argue Democrats are more dangerous
Published
Citation From the January 6, 2020, edition of Fox Business' Varney & Co.
STUART VARNEY (HOST): Just a few years ago, the killing of Iran's top general by an American drone would surely have brought on $100 a barrel oil, a huge stock market selloff, and probably a full-scale recession. Well, that general, Soleimani, was killed just three days ago, but the financial impact has been, shall we say, muted.
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VARNEY: It's not Iran that threatens our prosperity. I see a far greater risk coming from the Democrats. You will see $100 a barrel oil if the greens shut down America's frackers. You will see a recession if the left vastly raises taxes. And you'll see a huge market selloff if we get a Green New Deal forced down our throats.
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CHARLES PAYNE (FOX BUSINESS HOST): I would disagree, at $100 a barrel if a Democrat got in, particularly Bernie. How about $200 a barrel? I mean, really, if they really went as heavy-handed as they said they would, you know -- even Joe Biden said he would eliminate those jobs --
VARNEY: That's the threat. Iran's not the threat. Look, it is a threat of some sort, I got that, but the big threat comes from internally, the Democrats. That's my point.
PAYNE: Internally. Internally.