Transcripts for FOXNEWS FOX and Friends Saturday 20210213 11:54:15 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
percent perre eyear. so one-fourth that rate. so there s real pressure on the supply of labor which is a key input to economic growth. basically, and this is something our viewers are very much into it, the immigration program under the trump administration is based purely on anti-immigration, on xenophobia, on myths of what immigrants do and not sound economics. in fact, i m just putting up a graphic here. the labor department estimates the over 70 population will vise to 31.8 million by 2020. that s a 38% increase from the 2010 number. what we need is young, vibrant workers who pay into the system. we don t have younger workers paying into things like social security and other things, that really creates a problem. yeah, and i think another piece of that is that as we become more productive, and it s true that productivity has slowed down, but it s still
relatively small, it s within the zone of really sound economics, the inflation problem is wages. wages over the last generation have gone down in real terms. we need to see higher wages and then 2% inflation on the price side is no problem whatsoever. brenda: okay, todd. looking ahead with all the borrowing the government is doing. where do you see inflation going? even if you don t say it s very bad right now, you see it going up? well, oh, yeah, we ll have inflation eventually, brenda. the probably five years from now, after the current administration leaves office, but we could be looking at rates of 7 to 10% realistically. right now, though, steve is right. it s all about your wages. there is a perception that there is inflation that s out there, but it s not. it is payments, only because you re not earning enough money. eventually it will happen, but right now toby, health care premiums, tuition, food. steve makes a great point the fact that wages have been
spiral. let it level out. housing market, completely flatten. let it crack. and let the entrepreneurs go in and rebuild. clayton: the obama administration did not look at sound economics when they picked these companies? guest: i do not have faith in their ability in the business arena. they pick very bad companies to invest. with our money. clayton: thank you for joining us. clayton: the latest of the deadly tornadoes. these are pictures right here, henryville, indiana. and scary moments in court after a man starts to have a seizure and a former main marine jumped in to save him. is one s s lawnsmiths.
what we do know is that newt gingrich has been working on a new strategy with his staff, and that is a strategy that we re expecting. sources tell cnn to be more of a positive strategy. this may make you think that s quite a 180. as recently as last night, you heard him hammering on mitt romney, trying to tie him to the big banks, comparing him to president obama, perhaps one of the biggest insults here on the campaign trail for republicans. but sources tell cnn that newt gingrich has been meeting with his staff. what has he been doing? because we know he didn t have a lot on his public schedule today. that s what he s been up do. he will continue to meet with staff tomorrow and flesh out this new strategy going forward and a sign that he s going to come out tonight and continue to say that he s in this for the long haul, this strategy, a source tells cnn, is to move forward and continue to accumulate delegates all the way to the convention. so we are expecting newt gingric