are paying diesel. the president wants to suspend that through september. he needs congressional approval to get it done, however. members of both parties are a bit skeptical. dana: jason chaffetz echoed concerns of republicans who say it won t address the real issue. it s a pure gimmick and does not solve the problem at all. it really doesn t. we have a supply problem and the president has no plan other than to go to the saudis, cut some gas tax, tap into the strategic petroleum reserve, all of which are bad ideas. produce the energy at home and they can solve the problem. that s not what he is doing. bill: what is he doing? peter doocy joins us from the north lawn leading the coverage today. good morning. even if this gas tax holiday gets passed by congress, it is unclear this morning exactly how much help people are going to get. markets don t respond to gimmicks. the administration it is an unserious solution to a serious problem and they are just not takin
would let them. call off the war against the american energy industry. bill: not going to happen, larry. not going to happen with this team. you think? you think? i keep waiting for them look, we all know the fed is tightening and they are going to keep on tightening. this is just really the beginning of that story. we re either in the front end of a recession or we re in a recession, okay? the outlook for the economy is not good. we know that, too. the stock market is telling you again i think this morning. the point i m making is why not some pro-growth measures, okay? as i say, go back to the successful trump tax cuts or if they have a better idea. lower marginal tax rates on individuals and small businesses. give consumers a break. deregulate. government controls and all this regulation stuff, modern day socialism is not working.
market value. why the markets are up in the first place? they re optimistic that this president will goose the economy. on this day we scored a 51st record close for the dow. more than any other full year in history. you get the idea. fair stuff and balanced stuff, the regulation stuff, the stuff that wall street likes, even as i pointed on the personal behavior and the outbursts, it did not. not the way to win friends if the white house. the only way to cover the white house, even if it means never getting an interview with this president and even if it means never asking for one in the first place. good night. you nervous?
past and done events with them. so so. i am a libertarian radical on this regulation stuff, to put it nicely. no. but i think, look, i think most americans, their relationship with the epa comes more from fuel standards that may make their cars less efficient and their fuel more expensive or things like the coal regulations that make it tougher to get a job in the area. their relationship with the epa is not the same as a college-educated ivy league kid who is panicky about climate change. the question with climate change is not the adherence to whether it s true or not but what the government can actually do to change any of it. the paris accords and things like that, most americans are like, i m not seeing that work real well. david, what do you think? i think first putting ebell on the transition transition team is a symbolic action. it is an attempt to deliver for trump s voters. i am reminded of how ronald reagan appointed james watt as secretary of the interior
jared, what do you make of both right now in the short term but also this is a longer term trend of corporate profits going up and becoming a larger share of gdp and wages stagnant and go down? where does that trend come from and how do we reverse it? first of all, that s not a particularly new story. it has a lot to do exactly. it has a lot to do with the inequality of income or wealth or wages that s been an important and disturbing factor in the economy for a few decades. what we re seeing here is an economy that once again is bifurcated. what growth achieved and the economy is growing since the second half of 2009. i think all that regulation stuff from peter is just a bunch of hand waving and absolutely no evidence that there s anything to that at all. i d like to address this. wait a second. let me finish. however, the growth has clearly been doing an end run around middle or low income people.