is tied directly to the infrastructure bill and it undermines the whole process. they really should be working with us on an infrastructure package that would pass overwhelmingly but instead they just have an insatiable appetite to raise taxes and spend more money. it would cause jobs and affect middle class families. it would put green new deal mandates that would raise energy prices higher. we have a 40% increase in gas at the pump. they re begging opec to produce more oil while they shut down the spigots in the united states. it makes absolutely no sense. it s one reason why families across america are revolting against the president s radical agenda. chris: let s talk specifically about the infrastructure bill which, again, passed with 19 senate republicans supporting it and let s talk about what that bill would do for your state. the infrastructure in louisiana gets a grade of d plus and the bipartisan bill would mean almost $6 billion for to repair
the gasoline market and address any illegal conduct. i m not going to make any other predictions at this point in thyme. we ll take additional steps as needed. as spokesperson for the energy department says all tools are on the table including releasing oil from the strategic reserve. but no action has been taken yet. martha? martha: thanks, edward. joining me now, larry kudlow, former white house economic adviser. great to have you here. the white house asked opec to open the spigots to lowter gas prices. here s jennifer granholm, the energy secretary. this is one of her ideas for what to do about this huge jump in prices. watch. all tools are on the table in terms of trying to deal with this price surge. does that include releasing oil from the strategic petroleum reserve, for example? it s a tool that is under consideration. how is this going? actually, that was denied
and turn the spigots on because of the green new deal threat and the opposition. everybody in the administration is talking about a threat if we don t stop fossil fuels what would you do? you d horde your cash. bad times are coming. they are to blame for this. the jump in gasoline would have been far less if we put the extra two million barrels on the market and we would have to go hat and hand to the saudis. the saudis won t help us. they feel they have been mistreated by the biden administration. the saudis ain t perfect but they ve been a good ally. and instead of allowing russia to complete their pipeline martha: nord stream 2 yeah. why don t they let us pipeline here? drill, drill, drill keeps the united states out of trouble. i don t understand it. martha: you can imagine the people in the areas where the fracking leases were stopped going we can help you out.
winning streak. it s been a good year so far. the best first ninth months of the year going back to 1997. the s&p 500 still up 15%. there s concern that consumer prices are rising too quickly. that did continue into september and over the summer. oil prices are at three year highs. home prices saw the biggest jump in history and food prices are surging at the fastest pace in 11 years. jay powell again reiterating today that prices should come down. we have an expectation that high inflation will abate because we think the factors that are causing it are temporary and tied to the pandemic and reopening of the economy. if prices don t come down and job growth stalls like we saw over the summer, the federal reserve will be in a difficult position. do they raise interest rates and pull back on stimulus or do they keep the spigots turned on to help employment recover. that s another reason that wall
the highest for inflation since 1983. he saw jay powell saying, what does transitory mean if not a few months and in his view, transitory says there is no long-lasting effect on the economy. does that mean they are going to keep the spigots turned on, probably given this gdp number that we just got. i told you about how apple and google and some of these big selection silicon valley tech giants are returning to the office, what does this mean for other companies there and for the economy if we are taking longer to reopen? also i looked at the labor constraints from mcdonald s and the ceo there is saying he can t find people to fill the jobs. business is booming, but the states that have cut off at $300. john: transitory, oxford