it comes after months of media suppressing the coverage about his existence. claiming it had not been authenticated. bill. bill: american leadership is on the line over the worn ukraine. is president biden up to the moment or is the leading from behind. lawmakers, both sides of the aisle, say he s not taking the action quickly enough against putin. plus, the federal reserve raising interest rates to get a handle on inflation paired can it do it this year or could the actions backfire? why some economists are sounding the alarm about the r word and that means recession. the friday money team takes on. speak of the money supply s surgeon. it continues to surge. the fed has not done a thing paired we are in for a big problem.
joint task force will focus more on the e.u. rather than increasing domestic production in the u.s. back to you, trace. trace: we re live in brussels. thank you. dana: little more about this from the friday money team. steve moore and austan goolsbee. the president delivered some pretty significant news but steve, he didn t deliver it as if his heart was in it. this is important news for the united states. let s push forward and be happy about it. are you happy about this move? well, i can t quite figure out the energy strategy of this administration. one day they re against fossil fuels. now they want to increase the production. i am absolutely thrilled by this decision finally by nato and the president that we should increase our natural gas output and we should build the infrastrk tour here, dana. not just about drilling it. we have 300 years worth of natural gas. more than any other country. we need to have lng terminals
in my opinion what weather the people we promised we would help like those who served alongside us, especially interpreters and others, should be allowed to get their paperwork done. bill: ugly in august and not resolved yet. despite historic inflation president biden is pointing to new numbers that show unemployment claims falling to their lowest level in five decades. americans are back at work in a record setting pace and americans have more money in their pockets. they have $100 more in their pockets than last year after accounting for inflation. there is the i word. friday money team. steve more worked for donald trump. austan goolsbee worked for barack obama. welcome back to the party here. here is the question. fox business poll on inflation has it caused you financial hardship over the past six months? clearly 2/3 are saying yes, austan. let s slap the lipstick on this pig. how do you see it, sir?
concerned with this legislation, the price tag and the cost of it especially with ongoing inflation and he hasn t shown that he is in any rush to vote by christmas. sinema doesn t seem to be feeling the pressure, either. i would never promise something to the american people that i can t deliver. i think it is not responsible for elected leaders to do that. so we re now 21 days away from christmas. this has not helped them get this through by that holiday. dana: trying to make that case today when the president speaks in the next hour. thanks so much, aishah. bill: the dust is settling from the disappointing november jobs report. we expected half a million at the low end. we came in at 210,000. unemployment dropped 4.2%. friday money team. gentlemen, let s have a crack at this. steve, what s happening? it was a bit of a disappointing report.
you guys picked the right day. friday money team. on wednesday i believe this was in new hampshire president biden said this about the bill. president biden: it s fully paid for. fully, fully paid for. it does not increase the deficit one single cent. bill: that was wednesday. then we got the score thursday night and different deal. ben sasse says this bill is a mess. it will grow the deficit and lead to a million more annual i.r.s. audits. steve, you first. look, this is the worst. i ve been in washington for 35 years and by a long shot the worst bill i ve ever seen in terms of its economic impact. you just did that review of what s happening at the ports. it will make the supply problem even worse. this is a $4 trillion social