'Political Massacre': Hemmer Stunned by Democrats' Massive Midterm Victories

Voters delivering a loud message to Washington. Democrats have flipped both chambers of Congress, something that's only happened in three other midterms since World War II, picking up wins in GOP strongholds like Kansas, South Carolina, and Texas. Vox voter polls show 89% cited the cost of living as crucial or a major factor in how they voted. But now, what is the Democrats' plan to bring down the cost of living? Go back two years in Biden's economy. It was also unaffordable. We must unrig this economic system that only benefits the top 1%. We must pass universal health care. I will fight to abolish ICE. Medicare free now. We will pass Medicare for all, once and for all. Our greatness is the fight for equal pay, for equal work, and full freedom of our bodies. Meanwhile, President Trump says he's willing to work with Democrats. I think I can work with everything. A lot of people say, what about immigration? They're really not in control because they can send over 50 different great bills that they're all excited about, and I send them back with a nice stamp veto. But I can work with them on a lot of things. I mean, we can work with them on immigration, I think. Immigration's a big deal. I've always felt we should be able to work on immigration. Let's start in Michigan, where Connor Hanson has the latest on Abdul Sayyed's victory. Connor? Hi Marcus, well this was a hard-fought, high-profile race here in Michigan, pitting an establishment Republican against a far-left Democrat. Abdul El-Sayed will be the first Muslim senator in U.S. history. He's heading to Washington soon, but last night watched those results come in right here in downtown Detroit. And early this morning declared victory. Still keeping that defiant tone, El-Sayed focused his campaign on Medicare for All. Taking money out of politics, ending the war with Iran, and he regularly criticized the funding of Israel. He has been a frequent critic of President Trump and will join a far-left contingent in a new Democrat majority determined to check the president's power. Take a listen to him last night. My name is Abdurrahman Mohamed El-Sayed, and I am so proud and honored to stand here as your senator-elect from the great state of Michigan. So, Mike, enjoy your retirement. J.D., Habibi, Donald, look, I know you struggled with my name. So after J.D. swears me in January, you can just go on and call me Senator. Al Sayed's ally, Congresswoman Alexandria Ocasio-Cortez, helped fund his campaign and claimed if Abdul Al Sayed can win in Michigan, anyone can win anywhere. This race was thrown into chaos a few days ago after Al Sayed's moderate primary challenger, Haley Stevens, made that last-minute decision to endorse Mike Rogers instead of him. Al Sayed also faced a bruising barrage of ads associating him with terror sympathizers and criticizing his relationship with controversial streamer. In the governor's race here in Michigan, Democrats Secretary of State Jocelyn Benson defeated Republican Congressman John James. Back to you. Connor, thank you. Bill, you covered a lot of ground last night. And the voters in America told us exactly what they want to see happen. And now the time is to get to work. What is your message to the Democrats right now? I guess you have to ask the question, what does it all mean? I think in the initial reaction, I called it last night, I called it. Um, what was it? Uh, political, um, something like a massacre, a political massacre. Um, just to draft off a couple of things coming out of Connor's piece there. If you read AOC's memo that came out yesterday before any votes were announced, uh, there's some very critical things in there that, that she, I mean, she's leaning toward and she talked about the Syed race. She's talked about a, a house race in Montana as well, but also flipped. Now, the western part of the state, Congressional District 1, I don't think a lot of people saw it coming either. But in her memo, this is a business show. We should talk about it, right? I mean, she basically said she's going after rich people. And that's how she's going to even the playing field. And she mentioned billionaires, I think, at least twice in her memo. And I think it's pretty obvious what her strategy is. What do Democrats do? I'd say, here's what I think. The voters who switched sides yesterday. Are still there. They are up for grabs in two years. And I'm going to tell you, we're going to hold on to this sheet for two years. And these are Latinos who shifted 20 points. These are suburban voters who shifted 20 points. These are independents who shifted anywhere between 11 and maybe a few more. Like in South Carolina, they shifted 11 points. Anytime you get a race like that, there's two or three points, and independents are breaking the other way by double digits. You're cooked. And we saw a lot of that. A lot of the analysts warned us, if you get to that margin, all these close races are going to go bing, bing, bing, bing, bing. And when the New York Times came out with this polling a few days ago on the Senate races, I think a lot of people did a double take and said, really, is that what's going to happen? And, you know, credit to them, but their polling nailed it. Suburbans moved 20, 18 to 29 year olds moved 35 points toward the blue team. And didn't we see this the last time, too? We sure did. The last two times. We certainly did. It's based on results. Yeah. I'm telling you, these people are still up for grabs. And I don't know what Democrats are going to do in Congress. But I was watching Hakeem Jeffries before the sun came up today. So we're going to make America more affordable, gas, groceries, health care and housing. He didn't say how. And James Talarico is on with Dana and me and the nine o'clock hour this morning. And the first question, what can you work with? What will you work with the president on? He talked about immigration. And the president mentioned that last night during our interview on Fox at 12:30 in the evening. He also mentioned immigration. I don't know what sort of immigration deal is there. Um, I. Is that dreamers? Is that amnesty? It's ICE-related. What does that look like? It's ICE-related. No, we learned in the Fox News voter poll, and Bill, you know this, the impact of immigrants. Sixty percent polled, they believe that immigrants do more to help the country, while 40 percent feel that they hurt. That was a 20 percent shift. If you look at Texas, all of those counties along the Texas-Mexico border flipped blue. They also didn't like the illegal immigration. When we talk about immigration, we need to make that distinction. Maybe it's bumping up the legal immigration that we have in this country and trying to find the funds to be able to properly vet people and bring them in. Because I was surprised by that in Texas. There were a lot of people complaining as a border state, yet it still went blue. One in ten Republicans went Tallarico. He won two-thirds of the moderates. And six in ten Hispanic voters went for James Tallarico. Yeah, on the economic front here, I think immigration is important for the, Though they're illegal and they're here already, that impacted labor costs. I think there's a building costs, housing costs, restaurant costs. Keep going. And there's fear in that community of ICE coming in, even, you know, and it's impacting all of these more manual labor jobs and industries, which is driving up costs for everything else. So I think. Economically, that would make sense to find some common ground there. Keep secure borders like, look, I'm not going to be the one that says open up the borders, legal immigration. I mean, we saw the fentanyl crisis get squashed down because of closing the border. So I'm all for that. Bill, you mentioned that these voters are up for grabs, and what it proved to me last night is that the up-for-grabs voters are making decisions based on how it's affecting them financially. I'd agree with that. And if it gets repaired, then they're probably going to stick with the Democrats. If it doesn't get repaired, they're going to probably flop back. And I think really what we learned through this whole process is that money ultimately matters more to people. Yeah, and just watching you guys over the past couple of weeks, there are big numbers in the background that you're seeing. That are positive, but I don't think America sees it. And they're not paying attention to it. I'll give you a really good comparison. In late 1988, when George Bush was trying to succeed Ronald Reagan, check that. It was 1992 when he was trying to win a second term. And the big numbers that business reporters would be on, like Wall Street Journal's reporting on, it was turning around. But people didn't feel it. And Clinton came into office, and by mid-1993, the economy was booming here. here. The phrase I was looking for was political manslaughter, because at 12.30 at night, you know, we spend a lot of time studying these House races, and you really get to know these candidates. You try to understand the geography and try to figure out, like, who lives there and what they're thinking about. Around 12.30 last night, you know, we just bumped through the map here, and, you know, we had so many toss-up seats, and just, it was eight to one breaking for Democrats, and I've never seen it that way. It was probably the biggest surprise of the night, I thought. You look, Lou, at all of the tax on billionaires and wealthy and how all this is going to get funded. And so you start to understand how is that going to affect the market and how is that going to affect my choice of what to invest in? And so we look at a company like SpaceX or Tesla where Elon poured, I think, Cheryl, you said earlier, $146 million into Texas alone. Just into Paxton. He put the money into a super PAC and then that went to Texas PAC, which is Ken Paxton's arm, and totally spent $366 million on Texas. And so when you think about that and then you look at the company that's based in Texas, the one that he just funded through, how do you look at SpaceX and Tesla? And let's take a look. I mean, look, scared money doesn't make money. And if you look at the reaction of SpaceX stocks and Tesla this morning, they're paired their losses. They were almost down double these levels at the open. Investors coming in here, obviously a little bit nervous about litigation and then antitrust blocking a merger that everyone anticipates, including myself. We'll happen eventually here, but let's not forget, Elon Musk is a trillionaire. So he spends 400 some odd million. He's still got hundreds of millions left where he can be strategic. I think the biggest issue for billionaires and the wealth tax is if we start seeing. It gets real support for a national wealth tax, right? Gavin Newsom was against... Well, Prop 40 failed. Prop 40 failed, but I think that was a trial balloon, right? It was, but it does tell you something even in a blue state like California that they're willing to go along with these policies and they're ultra, ultra liberal local leaders, but they didn't want to push it that far. I believe it was Stuart Varney talking this morning about how Prop 40 failed and it was Ro Khanna that wants to reintroduce it federally. And so If they can try all these things, President Trump speaking now at the White House, we're going to go ahead and break to that right on over 100 years. It's never worked. So he's leaked and was always a mess. And we fixed it. We made it great. That was not a speech. I was just talking about the reflecting pool and then a couple of other comments. I mean, our speeches were really the speeches made at the 30 rallies. And those speeches were that was tremendous love. It was it was pretty amazing. I can't tell you that. They may tell you, but I can't tell you that. No, no, no, not even a little bit. I think it would destroy the Democrat Party if they did that. Impeachment for no reason. What, for having a successful country? Our country is more successful now than at any time in its history. Watch the beam go up. You've got to slide back, fellas. I'm sorry. Back, back, back, back, back. Not sure it was the greatest choice of the background for the interview with everything else happening. I don't know, Bill, if you have any color on that. Well, I tell you guys, big picture, when you campaign on no new wars, and you've got a new war, however you define it, you're going to have problems. And when you've got issues that stem from that conflict, like gas and diesel and fuel, all the way down to food. And I would say, you know, he's appealed to these rural voters for 11 years and he lost the plot with them. And there's a reason for that, because you stop paying attention to them. And I'm sure the ballroom probably. Served as more of a distraction for most Americans than anything else. And I'm sure the same thing for the statues and the monuments in D.C. We had Joe Concha on Fox and Friends first this morning, and he said that that ballroom that we just saw President Trump standing in, the Democrats are going to use that ballroom project to go after President Trump. That's going to be their basis for impeachment. And that's also going to be their basis to go after all of the private donors. They gave the money to the ballroom. All the private donors. That's a conscious of that. They're going to use that whole, all that transaction with the donations to go after them. So we'll see. We'll see what they do. One observation, right? Show me how you celebrate and show me how you lose and it shows me everything. Remember that El Sayed clip to start this off. Arrogant, pompous, I'm coming for you. The president striking a much more conciliatory tone, even tweeting out in advance, right? Hey, like, I'm ready to work. I think that's the right approach. And where he needs to, to your point, he said no more wars. He's got to come and tack and look to be a compromiser versus just adamant what his own agenda is. So I think you're seeing that in his tone there. It was interesting. Till he vetoes him. That's right. We have a lot to cover today. Coming up, AI was on the ballot, but with candidates campaigning on pause. Now what? We'll tell you next. Make sure to like and subscribe to the latest news on Fox Business on YouTube, and you can catch full shows streaming now on Fox One.