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Transcripts for FOXNEWS Americas Newsroom With Bill Hemmer Dana Perino 20210816 14:25:00

yes, gas prices 67%, housing costs 53%. that makes the case for you there, david. every government that has tried to spend their way out of inflation has run into the exact opposite problem. the extremes are places like venezuela, etc., are we heading towards 100%, 200% inflation? not probably in a year or so but we could be seeing double digit inflation in 2022. anybody that was alive in the late 70s remembers how disastrous. there was a phrase called stagflation. we create disincentives to work and to create new businesses, that means we have a stagflation economy. higher inflation, lower growth and that s where we re headed. bill: do you think the moderate dems will hold the line at 3.5 trillion? are we putting all of our money and cash on joe manchin s backbone? i don t know. i m not willing to put my retirement funds there. that s one of the things that

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