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Special Report

All-Star Panel: Energy policy takes center stage in Friday's Lightning Round

This is a rush transcript from "Special Report," July 4, 2014. This copy may not be in its final form and may be updated.

(BEGIN VIDEO CLIP)

PRESIDENT BARACK OBAMA: Right now we don't have a cap on the amount of carbon pollution.
So we said we're going to cap it. Oil companies, not wild about it. Coal companies, not crazy about it.

REP. STEVE WOMACK, R-ARK.: America's greatness has always been rooted in our creative minds and entrepreneurial spirit, our ability to make things, make the most of our resources, to control our economic destiny. That's why you see Republicans working so hard to capitalize on American's energy renaissance.

(END VIDEO CLIP)

SHANNON BREAM, GUEST ANCHOR: We're back with our panel. We're going to start off talking about energy policy and what it does for races in the fall. Charles, when you think of folks like Senator Mary Landrieu and others in a tough spot.

CHARLES KRAUTHAMMER, SYNDICATED COLUMNIST: When the president speaks like that, it hurts all of them. When he says we have to put a cap on the carbon pollution, what he means is the use of fossil fuels, which he himself has admitted will raise energy rates, utility rates, and kill jobs. If Republicans can make that simple case it will greatly enhance their changes in November.

BREAM: What say you, Juan?

JUAN WILLIAMS, THE HILL COLUMNIST: It's energizing the Democratic base overwhelmingly and it gets big money from some of the top Democratic donors.

BREAM: It sure does. All right, now today we are also going to look at some of the Fourth of July traditions of our panelists, and I love kicking off with what Steve Hayes has going on for the Fourth of July. Steve?

STEVE HAYES, THE WEEKLY STANDARD SENIOR WRITER: Every year we take our family to the Shadyside, Maryland, Fourth of July parade. It's a town of 5,000 people on the Chesapeake Bay. My family lived there for a few years. And the parade is basically just a collection of whoever wants to join the parades. We have at hairdresser, the handyman, the Corvette club.

BREAM: You got Uncle Sam on a tractor.

HAYES: Uncle Sam on a tractor pulling some kind of a boat. And last year we had a guy who is just trying to sell his jeep so he put a "for sale"
sign in his jeep and put it in the parade.

BREAM: Entrepreneurial.

HAYES: So Shadyside, Maryland, is the place to be on Fourth of July.

BREAM: That looks like a lot of fun. Juan, what about you?

WILLIAMS: We go down to the mall here in Washington, D.C. And it's typically packed. But I got to tell you, even when my mom was alive, we would take her down there and, boy, I tell you, it's awe-inspiring at times. The crowd, just like 1,000 friends gathered for that celebration.

BREAM: It is, and the music is amazing and the fireworks, I've never seen anything like that. Just when you think you've got the finale, you got 20 more behind you. It is a beautiful thing. Charles, what about you?

KRAUTHAMMER: At dusk, we hand out to our guests laminated copies of the Declaration of the Independence which we read line by line sequentially.

BREAM: Original?

KRAUTHAMMER: Well, you know those long s's that look like f's that get pronounced like f's often. And we read the last paragraph in unison about our lives, our properties, our sacred honor, our fortunes, our sacred honor. And then we eat ourselves under the table.

BREAM: Love it. What time should we be there? Right after the show.
We're going to the parade and then we're going to the fireworks.

KRAUTHAMMER: I've got a jeep I got to sell, too.

(LAUGHTER)

BREAM: So he's going to be in the parade.

So now we have a little bit of time to talk about your winners and losers.
Steve, who do you have this week?

HAYES: My loser I think is pretty obviously. It's Nouri al-Maliki who is a leader without followers, a man without a country, and who is just at the beginning of what is going to be hell in Iraq in the coming months. My winner is Billy Hurley, who is a PGA tour golfer who shot a seven under 63 today at the Greenbrier Classic. That alone is enough to qualify him as the winner of the week. The reason he's the winner this week, the fact that he show that on the Fourth of July, is he's also a U.S. Naval Academy graduate who served on active duty as a surface warfare officer from 2004 to 2009 and didn't golf from 2006 to 2009. Now he is on the PGA tour. He's the club house leader at the Greenbrier classic on the fourth of July.

BREAM: Hats off to him, excellent. All right, Juan.

WILLIAMS: It's hard to beat that guy. Anyway, the losers I think are on the Supreme Court, Shannon. Justices Kagan, Sotomayor, and Ginsberg who yesterday wrote a scathing dissent because they felt that the conservative majority, the men, as they put it, had deceived them earlier in the week when they lost on the Hobby Lobby case, so the ladies are in a fury, and by their own admission the losers of the week.

And the winner, I think is the June job numbers and the economy. Wall Street is just booming. Jobs are adding. It looks like our economy has finally revived.

KRAUTHAMMER: Winner is religious liberty. The Hobby Lobby decision, the government can give away all the stuff it wants, but it can't enforce people to be engaged in giving away stuff which they have religious objections to.

The loser of the week is sovereignty. The Russians are impinging on the sovereignty of Ukraine, ISIS on the sovereignty of all the borders of the Middle East, and Central America are impinging on the sovereignty of the United States by ignoring the border, and everything that's is being done in Washington is a magnate encouraging that.

(CROSSTALK)

BREAM: We have to leave it there.

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