a u.s. senate bid in that state. and a democratic house candidate i can cans off her general election bid with a shot at nancy pelosi. i will vote against nancy pelosi for speaker, support term limits for party leaders. and i won t take a dime of corporate pac money. i m cathy manning. jillian: that s north carolina cathy manning in first tv ad. running against congressman ted bud in a republican leaning district. jilliaainsley. ainsley: thank you, jillian. the government collected $1.4 trillion in income taxes. the government ran a 683 billion-dollar deficit in that same time period. lou raising taxes help if the government can t control its spending? we definitely have a spinding problem. here to discuss is fox news contributor liz pete. thanks for joining us. it s my pleasure. ainsley: we collected 1.4 trillion. never enough. ainsley: we are spending too
retiring. working people not here before the numbers they were before the financial crisis. this is a helpful. we have room to run. steve: exit question a grade card for the president regarding his economic policies after 500 days, charles? i would say an a minus. only thing give him a negative on is signing that 1.3 billion-dollar. steve: that was gigantic, liz? a minus. my only concern is we need to see resolution on trade discussions. cutting taxes and regulations isn a, so just stop messing with trade. in fact, you could almost sort of take the rest of the term off and i think the economy would run pretty well. steve: all right. good enough. great discussion. thanks a lot. > lady and gentlemen. jillian has the news. jillian: good monday morning to you, steve and to you at home as well. teaching parents and children in gaza.
steve: the president s top economic guy larry kudlow says the united states is in prosperity boon economic gains unemployment rate drops to 1year low of 8.3%. here is insight host of making money on the fox business network charles payne screen left. formrywhere wall street financial analyst and foxnews.com cricketer liz pete centers square and assistant editor for the wall street journal s editorial page. in fact, he actually has one in front of him. yes. steve: fox news contributor. available for purchase. es freeman. where would you like to start? there seems to be a lot of good news out there, liz, and people seem to be happier. no question. consumer confidence, business confidence. all those measures of happiness if you will with the economy has gone through the roof really beginning the day that president trump was elected. that s the amazing thing.
wall street. the white house is finding that out very clearly this evening. the president was right all along we set a new all-time record only it was the biggest point drop in the history of the stock market. wasn t really a market crash. it was more like a market drunken veering into a ditch and the ditch was icy and it couldn t get out and it had to call a tow truck. brian: now i remember why i didn t watch that show. how we all should be worried about that. here is not what they re telling you former wall street analyst fox news contributor liz pete. liz, are you worried? i m not particularly worried. look, almost every year you have a sell-off between 5 and 15% at least once. what we re seeing is a change in the economy. the fed has backed off after almost a decade of propping up the economy and stocks with very low interest rate. adding trillions to the fed balance sheet. now the economy is actually doing it on its own. in fact, we should be celebrating the things that the
think i actually think that bit coin may have been an issue because all of a sudden millennials who astonishingly think that bit coin is much more attract tia investment than stocks or bonds and saw things could go down and boy did it get whacked. there is a little nervousness out there perhaps because of apple and bit coin. i think basically the economic fund mentales. ainsley: that s wall street. how does it effect main street? main street is going to be pretty happy, right? the worst news for democrats is that the market and the stock market is really not that important to mainstream america. what is important is rising wages. the tipping in the economy and the news right now that we see is very good for middle america. i think, frankly, republicans should be happy we are seeing this now and not six months from now. ainsley: okay. thank you, liz. we ll see. ainsley: first this country made the national anthem gender neutral and now