those are all great ideas, thank you so much, check out this additional barron's.com, don't forget to follow us on twitter at barron's online. get your shot, be healthy and will see you next week on "barron's ♪ ♪. larry: hello everyone and welcome back to "kudlow", i am larry kudlow, great to be with you. here's a question a lot of people are asking these days, if the economy is booming, why do we need all the new government spending plans and president biden's first 100 days, the democrats got a 51 vote reconciliation victory for

$1.9 trillion, some did show up in the march consumer spending numbers but now they want 2.3 trillion so-called jobs plan and a 1.8 trillion family plan, will just call that another 4 trillion in change in mr. biden continues to tell everyone when he came into office he inherited the house on fire, that's the reason many folks are scratching their heads, they don't get it because the economy has been in a v-shaped recovery since last summer. for just about the past year, he will be here later in the show, we kept arguing we are in the government that the pandemic crippled, the economic crash in the first half of 2020 was coming to it. sure enough, real gdp jumped in extraordinarily 33.4% in last year's third quarter. then it jumped another 4.3% in the fourth quarter and now reported this week 6.4% growth for the first quarter. for those who may be interested that is not a house on fire, those are big booming numbers and is not over yet.

despite occasional spikes in covid cases and localities, those problems have been trending downward for a long time, the economy has been reopening for many months. with president trump's operation warp speed vaccination miracle, even blue state governors in new york and california reopening businesses and restaurants and sports games and movies and so forth, further increasing the economic growth outlook. today we have a 3.6 report, big jump in real consumer spending and enormous 21% gain in personal income for you on the income number, no question the january stimulus checks hit in march, it's a temporary surge but had an impact. meanwhile most of the income gain apparently has been saved as a personal savings account jumped nearly 300 billion in march and the savings rate, this is incredible, 27.6%, that is pretty awesome. i'll add to this report, as a

cautionary word the personal consumer price deflator, that's what the fed uses is at 4.3% over the past three months. i'm not jumping the gun on inflation just yet. just saying these are the facts. additionally today the chicago pmi report, the manufacturing index jumped again, it's up six percentage points in march and 13 percentage points since february across the door under board production, backlog, employment all surging, vaccines proliferating people going outside mask free and dining in or outside, consumers are getting more and more optimistic, there almost happy campers again which is a very american thing, feelings matter, the michigan consumer sentiment was revised up again in the workforce is also making wages and salaries gaining 2.7% in the

first quarter over a year ago, it's not about number. again did someone say house on fire, i don't see it, all these reports are before the next 4 trillion in spending and then $4 trillion tax hike, which you know i believe is pure lunacy so is knocking out fossil fuel energy. raising taxes to him three times on businesses, death taxes, by the way the obamacare investment tax of 3.8% may well be added to the income tax that were just learning about, that could mean a 33 -- that could mean a 43.4% top tax rate from the original 37 and that would equal the top gains tax. i've said this before and i'll say it again, this is economics, supply-side economics but price. , it is market economics.

assaulting investment in capital formation is the same as reading war on blue-collar middle-class families and their wages and income. mr. biden they called class warfare and say wealthy people and companies don't pay their fair share which they do, by the way. but the real story here is left-wing rhetoric obscures the fact that a healthy business requires additional capital investment from folks with wealth or families or friends. and they want a good after-tax return for their risk so lower business taxes such as the trump ears raised wages,/unemployment and attracted massive capital and new business formation. higher taxes on wages and capital from team biden is going to cost the job, is going to shrink wages, that's a big problem. people on the left think redistribution will be a more equitable society that produces

growth, will find that they get neither, and periods of stagnation which is the risk, inequality widens, growth never materializes, that is the biden plan, we've seen this movie before, if you talk about massive social spending which eliminates employment incentives, my view amongst all the happy talk from the biden group, if they get their policy program codified into legislation, they will be constructing huge roadblocks and barriers to the future prosperity air that we should be looking at. if it ain't broke, don't fix it. if you keep low taxes at minimal regulation and energy independence, this boom will last five or six years or more, it's happened before. i want to be optimistic but geewhiz, i want to hold your breath, i want to hold my

breath, i want all of you to look at this carefully, i'm gonna say it again, there is no need for all of the government intervention and government expansion, if it ain't broke don't fix it. that is my worry. now let's hear from an expert to further illuminate and expand on some of the rough perspective problems, pat toomey from pennsylvania the senate banking finance and budget committee. thank you, i appreciate it. i'm just try to figure out, there's an economic boom and no house on fire, what is the marketing pitch that team biden is going to use. because his house on fire thing is been discredited on a daily basis. so what is their marketing pitch and their logic going to be.

>> there gonna hope that the individual policies free stuff appeal to a lot of people. and i hate to say this but this is never been about getting the economy moving again, joe biden inherited a booming economy, let's be clear, that is obvious in the data, that's just the fact that my opinion. what i'm worried about a lot, i think many of these programs are designed to make the middle class dependent on government. just think about free checks in the mail periodically, free childcare, free pre-k, free eldercare, paid leave, maybe more checks in the mail, unemployed people get paid more not to work then they can make working. this is dangerous and a big change in the traditional social contract in america. we have long supported having

the federal government provide a safety net so when people fall in if they have trouble because they're unable to provide for themselves for some period of time, we had a safety net that would be there. this is a dramatic transportation in that model to one in which the entire country will be permanently dependent upon government if president biden gets his way. i think that is very, very dangerous. gerry: do you think, this is just your personal of valuation, you're a veteran senator and you know pennsylvania which is an important swing state, do you think this is what america wants, another 4 trillion in spending and taxing, do you think that's what the country wants. >> i really don't, the country wants to get back to the booming economy. , it is not like a wild theory that you would i cooked up in a back room somewhere, we actually ran the experiment, we did supply side tax reform and rollback regulation and we had the best economy of my lifetime. in record low unemployment for

african-americans, hispanic americans, three to half% unemployment for everyone and more job openings than there were people looking for work, as you know very well wages were rising for everyone but they were rising fastest for the lowest income workers. i've asked my democratic colleagues, help me understand what's wrong with that. i think that would be really good to get back to and i think most pennsylvanians think accelerating wage growth and more job openings than people looking for work, that is fine, that is good that's where they like to get to. gerry: the congressional budget office at c.b.o. which is not a real supply-side organization. so they did a good study that the burden of corporate taxes, 70% of that burden falls on the

middle class, 70%, obviously if you raise those taxes, you're gonna damage the middle-class, is not about $400,000, it's about the dynamic effects of jacking up businesses and investors because capital gains as a second tax on business. in trump that the other way, 70% of the middle class would benefit from the lower corporate tax, his bet paid off, why doesn't mr. biden want to look at that, nobody in his team, i've had some on their friends of mine there smart people but they had blinders on. >> i think blinders are related to the politics of their circumstances. the left wing of the democratic party is in control of the democratic party. they're not interested in this, they don't like corporations, and the processor gonna hurt workers. as you pointed out when we

lowered taxes on business, which we did which i'm thrilled that we did, what immediately happened with accelerating wages for the workers of those companies. that's a fact. i really think that we ought to be trying to get back to the great economy that we had. by the way the joint committee on taxation, again not a conservative, is nonpartisan, not supply ciders but their analysis of president biden capital gain increased, if he gets what he is asking for, that height of capital gains tax rate will result in less tax revenue for the government then the government collects today, as you know people will just choose not to sell assets, they will differ the sale, they will invest less, there will be less capital gains to tax. why in the world would it make sense to increase attacks in a way that damages the economy and result in much revenue for the

government. gerry: the tax foundation of $130 billion. you know senator toomey, the way the democratic party is today which is a heck of a lot different than what it was ten or 20 or 30 or 40 years ago, their marketing, their selling pitch is going to be class warfare, tax the rich, tax corporation. i think the details are not important to them. i think the growth impact is not important to them. this is an ideology. one last thing, i just want to say that 2017 tax cut would never have passed without your efforts in your right smack in the middle that thing and you are to be congratulated. you are great. how is this going to play out, i am reading stuff the hill newspaper today did a piece that vice president kamala harris is

meeting with senator democrats in the senate, they are all giving her their wish list, they are beginning to crack, the legislation, they acknowledge nothing is going to come of the bipartisan talk, that is one issue, the second issue, are they going to need one more reconciliation bill, tumor reconciliation bills or one lump package, i know it's early but how do you see these player. >> is very hard to say, the democrats challenge, it's a serious challenge, they have to hold every single democratic senator in almost every single democratic house. this is an exercise for them, how can they package liberal progressive wish list into legislation that doesn't lose a single democrat in the senate and by the way joe manchin for

one has said he is not interested in doing something on a bipartisan approach and you probably think that spending is a bit too much. i don't know how they're going to get there but they gotta find a way to corral their guys if they insist in working with republicans we have a very significant ever structure bill but it's actually infrastructure it is roads and bridges important waterways, it's not going to be loaded what with liberal programs. if they want to go down that road, they can, it seems as though. larry: i just want some thoughts here, i think the gop needs to really press ahead with the view, if you tax investment capital information you're

taxing the middle class and damaging their wages. the republican party has to talk about job creation or the loss of job creation, right now, ibd a tip pool which is a darn good pole, the country like the higher cap gains and they like the higher corporate tax. but i think if you counter that with the job losses and the shrinkage in wages that makes it a different ballgame. >> that's a great point if all you say shouldn't these corporations pay their fair share and they're not doing that today, then you get sympathy for higher tax. people need to understand the majority that comes out of the paychecks of workers ultimately, that is not a great idea. larry: senator pat toomey from pennsylvania, always great to visit. coming up on "kudlow" former white house chief economist, former chief economist of the national economic council and he was a special assistant to the

president. his name is joe, he's going to explain what a v-shaped recovery is already in place, it has been in place for about a year and why it may be at risk, stay with "kudlow". we're coming right back on the we're coming right back on the other side of the [ crowd cheering ] [ engine revving ] [ race light countdown ] ♪♪ ♪♪ when you save money with allstate you feel like you're winning. safe drivers save 40% saving is easy when you're in good hands. allstate. click or call for a quote today.

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larry: the economic data continues to show that the u.s. economy is on fire. not the house on fire, the u.s. economy is on fire, it is booming and for many months we've been pointing out the v-shaped recovery is firmly in place. now we have v-shaped recovery, the first one is gdp, that looks like mv timmy number two services consumption, personal services consumption that is a nice looking v, business investment on plant equipment, residential, look at that, the u.s. economy is on t the up andp any warnings about the future i want to say editorially when i was talking about the v-shaped recovery, starting spring or summer, the national political press pounded me into the

ground, they made the same pitch, v-shaped recovery, constantly prepping the president and the president loved it, the media hated it, the democrats hated it but it turned out to be true, also a distinguished wall street economist had the same story, amidst all the gloom and doom. the uc the specialists assistant to the president, he was a chief economist of the national economic council which had a distinguished directive, you can see joe has no scars on her face and a black and blue spot now joe, with all the self-congratulation i just indulged in, how are we doing, i know tax-and-spend is out there and will create tremendous. for future growth, the next couple of quarters, v-shaped recovery, we did not per earnings on the board but i

think we'll see phenomenal on that winter outlook for the next six or 89 months. >> we called it a supervene and the president said it wasgh i shaped, straight up. the economy looks very good as you said numerous times, this quarter can be up 10%, modestly 10% foror the year, if we are tt type of number, i'm closer to 7% for the year. if we do get a growth rate up in emerging market economy, that would tell me that all the consumer spending in the capital expenditure is being pulled into 21 perhaps anticipation of much higher tax rates and much regulatory overhang, right now as you say consumer spending is strong, investment spending is strong, there is not much of anc inventory cycle in gdp's shows and it's going to be a real boom

to manufacturing side of the economy, all the factors that we highlighted last spring an early summer, they gathered through last year end continued this year end a lotll t of stimulus y which doesn't need to be spent and is it spent that could cause dislocation later this year as i worries me onit the consumer side and the tax rate we will have a drawdown on the consumer side in gdp could be under 3%. larry: job growth is going to slow and so forth and so on. with the optimism which you had and continued, it seems like most people are optimistic but the political people are pessimistic, you heard mr. biden before congress or some tiny part of congress with theirus masks. he said he inherited a house on fire and he said unless we pass his so-called infrastructure

which is maybe portrayed again and spending another 4 trillion in taxes, the green new deal and so forth, unless we get that true, the economy won't grow, how do you respond to that. >> a lot of the money the 9.1 trillion package that was passed, the economy was celebrating into the first quarter because of operation warp speed in the vaccine. it had really nothing to do with what effectively hasn't come down the pipe, you might assume crowding out the private sector with the government borrowing. larry: one last point, i know inflation on the train, by the way have aborted that train yet but i do want to point out, faxts or fax in the e report today, the deflator over three months is up more than 4% at an annual rate over the past three months, i know you don't

see it in services and you don't see it in wages, i appreciate that you wrote really interesting stuff, i don't see a collapsing dollar which would be another signal, are you sensitive to the threat of inflation? 4% thehe last three months is nt going to go away or intensify? >> i am not, in addition there's very little credit and lending and secondly in place and expectation under 3%, you really need inflation and credit and pulls and expectations to shift. hasn't happened yet and i don't expect it to. great stuff, i appreciate it. up next president biden has a whole lot of spending he wants to do, a lot is social plan by bernie sanders and aoc, are there any options to this and any alternatives were gonna have when it comes to autism, finding the right words can be tough.

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larry: this is larry: this is not an idle question, the first 100 days who exactly is in charge. as a biden kamala harris or bernie sanders and aoc, i think it's an important question and worth diving into, let's ask our next guest, american conservative union match lack, liz peek fox news contributor, i'm not sure i'm going to forgive mercedes schlapp for dodging the show i'm going to have to talk to her about the whole story. ouch, let us turn to the matter at hand, ton and cheek to be sure, with the big lots b goingn joe biden wasn't always like this, is this bernie sanders and aoc or is mr. biden legitimately gone to the left, reading a number of central planning and shall we say socialist. >> are you talking to me? larry: yes.

>> i spent a lot of time speaking about this although some i'm not a joe biden intimate to say the least. if you look at his appointment to the trajectory, this is obama's third term and i think barack obama looms large over this whole administration and he didn't run as a socialist but he clearly is one. i agreed to bernie sanders aoc agenda and i think the head coach to the whole thing is barack obama and i think the other night, even the little things joe biden could've done during his speech, how aboutti give the great scientist that worked for the government and followed donald trump's lead a lot of credit for the vaccine, as i call them the trauma vaccine and operation warp speed. how about reaching out to red america, not just blue america's president bumping everybody's president and same equity get everything that i want and i'll work with red america and their electing politicians to come up with compromise on infrastructure. i heard none of that.

larry: he's clearly changed his attitude even from the campaign. biden always wanted higher taxes, but not this high, he always wanted a little more spending he was always a union guy, he was a law and order guy during the clinton years, midnight, basketball, rememberem all that stuff clinton was criticized from the left, joe biden back to very forcefully. bernie sanders and aoc, and be a metaphorical here, no respect to senator sanders or house member aoc. i'm just saying policy swings to the left, is not t the deal, tht is it. >> i think we have to look back to the primary campaign and remember that bernie sanders basically held up joe biden saying if you embrace by

policies, my people will vote for you, that is basically what happened, if you look at the minimum wage to $15, the green new deal, expanding the welfare state, taxing the wealthy, free college, i went back and looked at bernie sanders platform, it is basically exactly the stuff that joe biden is doing, the reason is the young voters were very much in the bernie sanders camp and trump hispanic voters, democrats feel they need those voters in 2022 and they will not show up unless bernie sanders and aoc tells them to. that is a fact and that's what's driving this administration. it is very, very damaging to the country. larry: the left-wing viruses catching, janet yellen has caused the left-wing virus, and many ways is going toor be worse than covid in r the long run and other people that surprise me. we know a lot of these people,

they're not necessarily new faces, there are some new faces but not all of them. i want to pose another conundrum to you. there is a story writing in the hill newspaper, liz peek writes for the hill so she's not completely absolved from this question. but the hill is running a story that says vicet president kamaa harris is meeting with senior senate democrats in developing a wish list of ideas and proposals and programs and they're going to form a legislative workout and put it on paper and senate sources and senate member sources who are speaking anonymously to the hill are saying the idea bipartisanship should not be taken seriously. i want to know what you're hearing and is this the way it's going to be, is it going to gm the left-wing through? >> first of all i write for the

hill so i'm notot absolved eithr liz, i think bipartisanship, i ask every republican i talked te chip roy, john corning, i asked every republican i t talked to every day, when the last time they got a call from joe biden or senior member of the white house team i had one conversation, that means what's really going on is a biden here's a administration or harris biden, however, you'd like to call it is handing out goodies to everybody in their own party, think about this, you sat around the table, president trump wasn't always so popular with all republicans because two washington republicans he was heterodox on a lot of questions like trade and taking on china from a national security and economic securitymi standpoint, think about immigration, building a wall, he really change the party in a lot of ways it is america first agenda and joe biden is dancing to the tune and liz says of aoc in the

most extreme voices in his party. i'd like to see joe biden on one or two things, once again. larry: he's not bill clinton he did not triangulate, that's what bill clinton did he's a very smart politician a very moderate as a democrat. i'm going to give you the last word, this is not a trick question in all honesty. suppose we could get a so-called bipartisan bill, i'm not sure what that means, i'm not sure that the good thing, what is your quick take on this? >> i think joe biden wants to bt democrat and both as often as i can, the real question how many of the big atrocious bills are going to get thrownse reconciliation because that's all they got, i don't see the

republicans coming to the table, i should say they have tried to, joe biden is basically refuse to negotiate on anything, it's his way or the highway, i don't see much happening on a bipartisan basis. larry: that's a very elegant way of dodging the entire question and i appreciate that, i am proud of you something i probably would've done in my former job. will continue this on the radio tomorrow matt shop it's always a pleasure, you better warn mercedes, we got to see you two together. thank you for coming on, joe biden claims he's fulfilling a patriotic duty by wearing his mask, that comment from the fully vaccinated president is what incentive is he giving for those who yet to be vaccinated. we'll go through it all with doctor marty makary when coupled ♪ why do you build me up ♪ ♪ (build me up) ♪ ♪ buttercup, baby ♪ ♪ just to let me down ♪ ♪ (let me down) ♪ ♪ and mess me around ♪ ♪ and then worst of all ♪ ♪ (worst of all) ♪ ♪ you never call, baby ♪ ♪ when you... ♪ ♪ say you will... ♪ carl. what have you done?

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♪♪ >> you and i took our masks off >> you and i took our masks off because look at the distance, but if we were sitting there talking to one another, i would

have my mask on and you might have a mask even though we've been vaccinated. it is a small precaution that has a profound impact. it is a patriotic responsibility for god sake. larry: oh heck, geewhiz, present abiding calling it our patriotic duty to wear a mask but the cdc guidance same vaccinated people can be mask free when they are together indoors. i don't want to get into his patriotic and who's not. i think there is an issue of science and incentive. let's bring in doctor marty makary, professor of surgery and health policy john hopkins university and fox news medical contributor. welcome back, first ofrs all, wy are they sitting 60 yards apart, that doesn't make -- look at that shot, why are they sitting closer, they are both vaccinated apparently, mr. craig is vaccinated, the president is vaccinated, the cdc says you

don't have to do 6 feet, there talking 3 feet, what is this all about, i find it kind of silly. >> is sending the wrong message, i think right now there's a completely distorted perception of risk out there and we need t our public officials to really set the record straight, the cdc is not doing a good job, even the guidance that they were seen in far more precautions being taken and precaution is not the right word were not using the right lexicon when we talk about being conservative in safety ant precaution, there is an alternative. i think with people watching young student in a track and field meet and they pass out wearing a mask, you don't have to be the educated in science to know that that does not look right. larry: you had a weird show in the house of representatives for the 100 a state of the union or whatever it's called. and you had all those people,

you can bet on it all those people, only a handful of both sides of the aisle were vaccinated. i'm going to assume that, we know vice president harris is vaccinated in the speaker of the house pelosi was vaccinated and the president was vaccinated. by the way they were standing up together i don't even know if it was 3 feet, that was one point, the acting going on on the floor awas silly, people were slouchd around, republicans had to mask all the way down around her chin. what i'm getting a third of the country, i look at polls, 30% more don't want to get the vaccination, i think that's dumb, that's just me personally i'm respecting people but the wrong, get the vaccination, both vaccinations mr. biden said wearing a mask his patriotic, what is the intent incentive what you gain? >> the harm that icy that is feeding the narrative absolute elimination, we don't have that

with any other infectious disease out there. at what point are we no longer in a public emergency in the pastor administration you're a part of declared a state of emergency in march of last year. where are we no longer in the state of emergency, sanad francisco had 24 cases yesterday, 24 new cases are they in a state of emergency, we were serious about hesitancy, create walking clinics to get rid of barriers,rr reward people with liberated life once you beenhi vaccinated which is what were seen, stop talking about boosters there's no evidence that we need them and stop shaving people who choose not to get it. larry: one thing that occurs, why don't we in the state of emergency, i totally agree with your point. how about w this one, bureaucrac central planning health officials and their bosses in

the white house want to control everything. the houses on fire f he says, en though the economy is booming. if you're a patriot, you have to wear a mask, even though the vaccinations are working and you don't have to wear a mask. i look at this is central planning, semi-socialist, healts bureaucrat and the president, they want to control everything. >> i can't speak to the politics but i tell you it certainly has an impact, some folks have suggested that there's some political motive to make it look like were in a state of emergency, for in a state of emergency in san francisco where we had 24 new cases yesterday most asymptomatic, working to be in a perpetual state of emergency forever, the flu season and the mildly season we have had in recent history which was five years ago, 2015, 2016 flu season, guess how many daily cases we had a day, 400,000,

were at 51000 right now with covid and will probably hit 30000 on sunday, we've lost all of our perception of relative risk. larry: dr. makary, if you leave the state of emergency and you endin it and certain health officials they won't be able to go on three or four talkshows every sunday and some people in the executive branch lose their reason for spending all this money and taxing investment to finance. i know you don't want to do politics and i pushing you towards politics that the tug and pull of the "kudlow" show. but i'm looking at it, government people are self interested that's all i'm saying. >> you are seeing politicians start to respond heidi bill de blasio in new york and also full

100% reopening by midsummer, he's responding to public demand, people are getting angry and americans have a right to be frustrated because this vaccine isn't supposed to work to make you bulletproof against death and hospitalization. yet we are seeing people outside wear masks and distance, i think it's eventually a self-inflicted political wound. larry: great stuff, i appreciate it very much. up next general motors announces a 1 billion-dollar investment in mexico for electric vehicle production. is that what present abiding net when he says climate change means jobs? we have brian benbrook coming up when "kudlow" returns. please stay with us. when it comes to autism, finding the right words can be tough. finding understanding doesn't have to be.

together, we can create a kinder, more inclusive world for the millions of people on the autism spectrum. go to autismspeaks.org

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♪ >> for me, when i think climate change, i think jobs. >> when i think climate change i think jobs. larry: president biden kind of eating his words a day later, general motors announces a 1 billion-dollar investment in mexico for electric vehicle production, the uaw are blasting the move saying, i will quote at

a time when gm is asking for significant a investment by the u.s. government and subsidizing electric vehicles, this is a slap in the face for not only the uaw members and theirax families but also for u.s. taxpayers in the american workforce. i agree with the uaw. that's a rare moment in history. will bring in brian brenberg professor business at fox news contributor. brian, biden so-called infrastructure package allocates a cool $174 billion, then he talks about investing in america and american workers, the uaw guy is inferring gm should lose all their subsidies for electric vehicles because are going out of the country, to mexico. >> these kinds of contradictions or apparent contradictions are going to keep popping up in a

world where you make america a very hard place to do business especially around the green newe deal, joe biden is going to eat his words in the gm deal and is going to eat his words a lot if he continues to pursue the policies and stays in his head, he's been in his head around these millions of jobs and put himself in the shoes of businesses to do the investing. when he does that he will realize his policies don't make sense. larry: he wouldn't know businesses, shoes or any of that stuff. i want to exonerate, you're right, the supply-side barriers and obstacles in their get a wreck the economy. but gm is going to mexico because it's cheaper and that wasn't the point of all of this. $174 billion should make things cheaper, i don't't like subsidis and i don't like picking winners and losers but if you're gonna do it and i know mary, she's a smart woman, you cannot do that.

the labor guy has that right. >> this is the folly of making a hard to do business and subsidize business. if you play the game is always going to end up like this andy keep ending upp like this. larry: i agree but it is a slap in the face. thank you very much, i appreciate it. final thoughts coming up on this past year has felt like a long, long norwegian winter. but eventually, with spring comes rebirth. everything begins anew. and many of us realize a fundamental human need to connect with other like-minded people. welcome back to the world. viking. exploring the world in comfort... once again.

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caregiver: sorry about that... no, no. i've been staying at my dad's place because of everything. grandpa: where are we going? caregiver: he's good. yeah, i know, we keep missing each other. i've been working out of my dad's house. doing some reading. i should be working out more. i just feel like i'm drowning. narrator: navigating these times can be tough, but while you care for your loved one, you also need to care for yourself. go to aarp.org/caregiving for free mental health and self-help tips. larry: the first hundred days, biden moving far far to the left, that is too easy. after serving in the white house for three years, to me the first

100 days, i am here with a wonderful job at fox business and fox news for which i am most grateful and i am still standing. i will continue to be a supply-side watchdog and we want america to ♪ ♪. gerry: good evening tonight president biden is on tour trying to sell america on his portraying in dollars but the plan as he and his democratic colleagues seek to expand the role of government in the u.s. economy. today he pledged $80 billion to fix the rail system, is this a spending binge really the right way to give the u.s. on track, joining us tonight, as were women that fan died, stephen moore, adam guillette, charlie hurt and tom homan. also tonight the president is taking a victory lap for something he