inflation rose steadily after biden took office. some say his agenda does not reflect economic reality. biden is blaming saudi opec when all he has to do is unleash projection, a novel thought. biden says inflation is coming down but his spending keeps going up. the president thinks he can spend and spend money that fuels inflation and there is no cost to it. it is like running the drain at the same time you have the bathtub on. it is not going to work. what s really scary is president biden thinks this is all great. i don t know what country he is living in but it is not mine. dana: peter doocy is traveling with the president in california. it s early there. what does president biden think is bringing costs down. you were with him all day yesterday. he is arguing this bill he signed almost exactly two months ago, august 16th, has been bringing prices down since. president biden: overall inflation was 2% over the last three months. that s down from 11% over the prio
longer exist today. what an amazing group of people there. larry kudlow, stuart varney and charles payne, maria bartiromo, dana: a lot of stars, great things. when you guys were covering the great recession i was hiding under my desk at the white house. also trying to figure out what was going on an trying to explain it to everyone. congratulations to fox business. we re thrilled for you. 15 years goes by quickly. you have done a great job. also this on the money team. ask the question not is inflation to high. the answer to that is yes. are policymakers doing everything they can in this white house to help bring that down? i think you have to find the answer is yes? dana: jared bernstein defending the biden administration s handling of runaway inflation. steve moore and austan goolsbee.
give people a little breathing room at the pump. i think that s a fair call. dana: austan, do you think that s fair? well look, jared bernstein is a friend of mine and i won t jump on jared day. that s not today. dana: is it fair? that s a fair question. it is a fair question. the fact that inflation is every where a fen nom on, if you look in germany the inflation rate is 10%. u.k. it s almost 9%. higher than in the u.s. strongly suggests it is not something that the u.s. did. it s a worldwide phenomena. nowhere is that more true on energy and gasoline prices. i think it s a fair criticism of the administration that they are not doing everything that they could do because they could get rid of the trump tariffs and they could increase the amount of immigration. what is happening is we have a growth in the labor force
shortage. we don t have enough workers. and that s driving up prices throughout the service sector. so i would like to see them do more on those fronts. dana: steve, that s interesting because we might all be able to agree on some immigration reforms are necessary but until the border is secure, those conversations are going to be very slow to get started. i think one of the things austan and i would agree on we need more immigrant workers to come in the country legally, legally. we need their hard work and their brains. but on the energy thing this is the thing that probably frustrates me the most. we did have energy independence the day that donald trump left office. we didn t talk a lot about opec when trump was president because we were the number one producer of oil and gas. this administration has come in with a radical climate change agenda which he even admits he wants to take our oil and gas production down to 0 in the next 12 years. that s the leading factor for why the p
on the fundraising side of things. big tech. are you having problems in the area. google the last four days of every month does 0 deliverability on our emails from 90 percent to 0. it is suppression. we re preparing a lawsuit voter suppression and turn out the vote efforts. we should not have big tech be able to put their thumb on the scale on a utility preventing people from getting their emails reminding them to go vote. dana: we ll see what google has to say as well. thank you. the economic pain of inflation extending far and wide. is the biden administration fixing the problem or making it worse? the friday money panel look good today. we ll see you in a moment. but as a veteran, you already have a solution. it s your powerful va home loan benefit. it lets you borrow up to a full 100% of your home s value, not just 80%.