others like ronald reagan that had a lousy first 100 days. george bush sr. comes to mind. keep that in mind. the 100-day thing is a barometer and we ve used it since f.d.r. i would say outperformed. certainly the last administration. neil: don t get me started on millard fillmore. thanks very much. good seeing you. we re beginning to get sort of the broad blueprints of a tax cut. the treasury secretary, steve mnuchin sifts his hands today. i m not sure art lapper would like what he heard. i could be very wrong. stick around. and everything we ship has something in common. whether it s expedited overnight. .or shipped around the globe, .it s handled by od employees who know that delivering freight.
degan, that s the trouble here. in we delay tax cuts you have to keep in mind, whatever you say about health care, the tax cuts are a broad agreement. going to play monday morning quarterback here. that is something that donald trump presumably wanted early on. let s go with the tax cuts. let s go with giving a big bang and boom for this economy right away. but he was told this would be the way to go about doing it. we re going to hear from the president soon. how do you think it plays out? i would guess and i m guessing that president trump says you get a bill through pronto, right now in terms of cutting people s taxes and making it retroactive back to january 1. it s something that believe heard from the likes of art lapper. don t worry about raising revenue like the border adjustment tax that s in the
adviser to president trump and president reagan. gentlemen, great to have you here with us today. art, let me start with you. your thoughts on what we re hearing from the fed chairman. they speak carefully. it s clear that the tone has changed a bit there. yeah, what i would like to do is translate what jerome powell hats been saying for a while now. he says if you eliminate the items in the cpi that rose in prices, the index is falling. what they have done is taken all the high rising things and saying they re transitory and everything will come back. i don t think that is true. i think we have an inflation problem, although it doesn t show up in the macronumbers of gold, rest rates or the foreign exchanges. we have a serious problem. jerry baker, you hear it. it s anecdotal.
higher. individuals know this. they see it every day. the money has been pouring out of the treasury. checks to everybody. the first package was $2 trillion. the two that the president wants to have would push the near to nearly $6 trillion while the economy is heating up. senator schumer says that bill, the whole thing would be transformative for the united states. coming together on what will be the most profound change to help the middle class in america in generations. its scope is almost rooseveltian. it has it expanding medicare, child care. a lot of money for climate change. art lapper, former economic