larry: so inflation is not quite dead. u.s. should not copy the china economic model, communist china, and christopher wray has to go. i'm sorry about that one, but it's true. and, by the way, liz macdonald has to stay. elizabeth: hope so. larry, thanks so much. appreciate it. okay, we're digging into fbi director wray getting a grilling on fbi controversies, political bias, going easy on biden family corruption. this stuck out, lawmakers claim

as it's doing all that, it's gone overboard on surveillance of regular americans. and breaking news, how did facebook get the private tax data for tenses of millions of americans in we've got congressman mike johnson, greg steube, dusty johnson and bye on-- byron york and economic adviser stephen mere. why economists or the white house cannot take a victory lap on that 3% inflation report for june, price increases are still bouncing off a much higher base historically. plus, why the energy secretary for great britain blasted john kerry in a meeting saying kerry's demand to get rid of fossil fuels overnight is, quote, idiotic. also a new china threat to the u.s. power grid? and rampant crime after defund police has state lawic orers -- lawmakers switching parties. i'm liz macdonald, "the evening ed it" starts right now. ♪

♪ elizabeth: >> see, the american people that we represent are losing count of the scandals that are mounting. the fbi's been involved, it's being used as a political tool by the biden administration. they've seen counterterrorism resources used against school parents, the homes of political opponents being raided, conservative states being targeted over election integrityty laws and pro-life citizens characterized as violent violent extremists. elizabeth: here now the congressman who said all that to fbi director wray at today's hearing, we welcome back congressman mike johnson from house judiciary. you could see the f with bi director not buying into what you were saying. from what you heard, is the fbi fixing its problems, congressman and and how bad are they? the media democrats are downplaying what lawmakers like you said, saying there are no problems. >> well, that's absurd. i mean, the director is not only addressing the problems, they

won't even acknowledge them. he had a bad day on capitol hill, liz. we were asking very direct questions. i quoted to him from the 155-page court opinion that came from a federal court in my home state of louisiana on july 4th, appropriately, that said that -- this is the words of the court, not mike johnson, the judge said looking at all the evidence -- the fbi's directly involved in what may be the most massive violation of first amendment rights in united states history. director wray just seemed unempressed by that. he didn't d impressed by that. elizabeth: congressman, to what you're saying, the fbi's involved in surveillance of americans. that's what came out of the hearing, cent sr. sorship. but at the same time, it's been accused of letting probes into the biden family slide, stonewalling for hunter and joe biden including on bribery carjacks, corruption. -- corruption. fbi suspicious -- informants talking about bribery, 17

audiotapes about that. do you see the juxtaposition will there? >> yell -- well, yes, and the people do as well, and and that's why they've lost faith in the fbi. there was a poll that came out just last week that said only 37% of americans now have faith in the federal bureau of investigation. this is not a game. if the people lose their faith in our system of justice itself and the most powerful law enforcement agency we have in this country, then we've lost an important foundational underpinning of maintaining a republic. toy -- can i told director wray this ought to be the first thing he thinks about in the morning and the last he thinks about before he goes to bed at night, that the people have lost their faith in his leadership. we don't have a problem with the 38,000fbi employees, we have a problem with the leadership of this agency. something's got to change. elizabeth: breaking news coming in, irs whistleblower gary shapley and another whistleblower will testify at an oversight hearing on july 19th. let's listen to what happened

today. watch this. >> i'm sitting here with my father. i make certain that between the man sitting next to me and every person he knows and my ability to forever if hold a grudge that you will regret not following my direction. i am sitting here waiting for the call with my father. sounds like a headachedown, doesn't it, director -- shakedown, doesn't it, director? >> i'm not going to comment on that. >> you, you seem deeply uncurious about it, don't you? almost suspiciously uncurious. are you protecting the bidens? >> absolutely not. >> how many ill illegal fisa queries have occurred under your leadership of the fbi? >> well, there are reports that have come out with different numbers about compliance incidents -- >> more than a million? illegal ones? because that's what the inspector general -- the inspector general said that in the 3.4 million of these queries, more than a million

were in error. >> did joe biden take payments from burisma or any other foreign companies as vice president, president or private citizen biden? >> as you may know, there is an ongoing investigation being led by the u.s. attorney in delaware, mr. weiss. elizabeth: there is an ongoing investigation. u.s. attorney david weiss did admit to that in a letter. what do you think of all that, what happened? >> well, listen, it was evasion, it was obfuscation, and all that does is add to the frustration of the american people. i heard from constituents all day after that hearing, they are beyond concerned about all this. they're frustrated. they don't think there's any accountability. we're limited in the scope of what we can do in the house. of course, we only have the majority in one house of congress right now, a slim majority at that. but what we can do is bring the truth to bear, lay it out for the american people to be the able to make their decisions when they go to the election and the ballot box in this next cycle, because elections have consequences. the executive department, the

president of the united states is the one that appoints these leaders x that's the problem. we can't remove them from office. we don't really have that authority. we do have the power of the purse, and you heard a lot of that today. the fbi wants a billion dollar new headquarters. they don't deserve that if they can't respect the constitutional rights of the people they're supposed to serve. elizabeth: and fbi director wray already testified in april on an i.g. finding that the number of fisa surveillance searches on americans tripled to if -- 3.4 million. they've come down dramatically since. let's get your reaction to a reporter confronting national security adviser jake sullivan about the charges against gal luft. we're not going to get to the sound, but the gal luft story, he's now on the run. he's claiming he told the fbi and the doj in brussels, bell with judgement, in march 2019 about biden family corruption, but there's a cover-up of that. do you buy what he's saying?

there's no proof, but do you think it should be investigated? >> well, of course it should, it's just one more scandal, one more piece of evidence put onto this large pile. of course i think he's a credible witness, and we're supposed to protect whistleblowers in this system. obviously, this crypts a big deterrence. they don't want others to come forward, and they're going to make an example out of this guy. that's what it looks like to us. and the burden is on them to show that's not true. he's on the run because they're after him, and i think that's right. elizabeth: congressman johnson, thanks for joining us. >> thank you. elizabeth: back with us now from house ways and means, he's congressman greg steube. congressman, it's good to have you back on. what is -- what was your reaction to the fbi director's testimony today? >> well, he's trying to deflect, he's trying to not answer the questions directly that members like mr. johnson who you just had on asked him directly. we have clear evidence of politicization of the department of justice from everything from the j-6 investigations to

investigating private citizens, to the trump-russia collusion hoax that went on for years. over a million individuals have been illegally surveilled through the fisa process, and that was something that mr. gates was asking -- mr. gaits was asking in the clip that you showed right beforehand. you have case after case and evidence after evidence of this fbi weaponizing the enforcement arm of our government for political purposes. >> so we also have this, what you just talked about. we've got basically surveil saloons, of americans -- surveillance of americans, right? that's what you're talking about. the fbi being accused of being politicized and letting the biden family corruption probes be stonewalled and slide. that's also -- whistle blowers alleging that at the doj. can you square the two? >> yeah. you had the irs that was working with the doj and the fbi in the hunter biden investigation, so the whistle blow orer that you mentioned, that individual is

working with the fbi and doj for prosecution on irs-related crimes, and hunter biden was one of those individuals. he was removed from being the team lead, the chief of that, because he started asking questions. they weren't following normal protocol, they weren't doing warrants and searches that the investigative team felt they needed to do, there was evidence that led to the big guy, and they wanted to do questioning, subpoenas and warrants, they weren't allowed to do that. they were completely deflecting and delaying -- one with of the things that really impressed me was that there were felonies that the department of justice and the fbi delayed the irs investigation for years. these are crimes that happened in 2014, specifically so that the statute of limitations would toll, and they wouldn't be -- the government wouldn't be able to charge hunter biden with these crimes. elizabeth: we're going to stay on this story. we have to move on to this, fbi director wray also testified today that the fbi is assisting into the probe, in the probe into who left cocaine at the

white house. the secret service reportedly is going to brief with house oversight tomorrow about this. the probe is in its ninth day. how is it that they don't know who left it there? >> they know exactly who left it there. they don't want to tell the american people who left it there. when trump was president, i had the opportunity opportunity to visit the white house many times, and you go through several different searches, several different opportunities where bomb-sniffing dogs, k-9s, magna tommer thes, you know, exactly when people are going in and out of the white house, exactly where people are and in different rooms of the white house. you can't tell me they don't know where that came from. just hiding it from the american people. elizabeth: let's watch this. you're going to see sound from cnn, watch jake sullivan here too. >> i can tell you, if someone would have asked me about this with any trump family member, i would have to gone to donald trump and said people are saying this is a family member, what do

you say, president trump in he would have said, absolutely not, and my answer would have been i have zero reason to believe this is anyone connected to the president or his family. she didn't say that. and that, to me, was very telling. >> the president does not acknowledge the girl. this is a story that is sad and disturbing on so many levels. >> this is all reinvolving around a 4-year-old who has knowledge of who her paternal grandfather is. >> it is so incongruent to what -- who we've been toll joe biden is forever. >> yesterday the u.s. attorney from the southern district -- [inaudible] for violating -- [inaudible] for a company could cefs, china energy. the president's son and brother work -- [inaudible] what's the white house's take? >> i've not seen that and can't comment on it. elizabeth: we've got a lot of critics saying this is a biden white house that's in trouble.

we have talked to fbi, former fbi agents, they're astounding at what they're -- astounded at what they're seeing happen at the d.c. headquarters. they can't believe what's going on, congressman, i because they do the law and order work catching the bad guys. they don't want to be involved in politics. neither does the irs. they just want to do the right thing, do their jobs and go home. they're just really outraged from the people we've talked to about what's happening with the politicization of the fbi and the d work j. doj. >> yeah, all those rank and file officers from the fbi, secret service, you're right, they want to do their job, enforce the law, they don't want to see politicization. unfortunately, the politicization starts all the way at the president and works its way down where they have used the law enforcement arm of the department of justice and the fbi as the enforcement arm of the democratic party to be the weaponny ifization and pretty politicization -- politicization in those agencies. the american people aren't going to stand for it, and we're going to continue to investigate this and bring the information before

the american people. elizabeth: congressman steube, thanks for joining us. good to see you. >> yeah, good to see you. elizabeth: we've got the washington examiner's byron york on the fact that facebook somehow got private tax day -- data on millions of americans. the group of senators now saying voters are sitting up and taking notice of that. more on the fbi director getting grilled on the fbi going overboard doing government surveillance including not just, you know, a lot of americans accused of doing that too. it's also catholic churches. we're going to dig into that next on "the evening edit." >> what's the difference between a traditional catholic and a radical traditional catholic? >> i'm not an expert on the catholic orders. >> well, your fbi wrote a memo about radical traditional catholics, i just wonder if you could define it for us.

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with a qualifying gig bundle. we moved out of the city so our little sophie could appreciate nature. but then he got us t-mobile home internet. i was just trying to improve our signal, so some of the trees had to go. i might've taken it a step too far. (chainsaw revs) (tree crashes) (chainsaw continues) (daughter screams) let's pretend for a second that you didn't let down your entire family. what would that reality look like? well i guess i would've gotten us xfinity... and we'd have a better view. do you need mulch? what, we have a ton of mulch. elizabeth: look who's back with us from the washington examiner, byron york. byron, let's first have you listen to the sound of fbi director wray trying to explain why the fbi strayed from its law and order mission, you know, just catching the bad guys to doing surveillance on catholic are churches and social media general sorship. >> let me just read from page 4, provide new opportunities to

mitigate extremist threat through outreach to traditional catholic parishes and the development of sources with the placement and access to report on places of worship. that's pretty fancy language for they're trying to put informants in the parish, in the church. why would they even think about doing this? you know what the motivation was in. >> well, again, i think that's what our internal review will find, and i'd rather wait for the -- >> i don't need an internal review, i can read the document. >> the court has found that in -- and elvis chan testified under oath for you, he said 50%, he had a 50 president success rate in having alleged election disinformation taken down or censored. that wasn't just foreign adversaries, sir, that was american citizens. how do you answer for that? >> first off, i'm not sure that's a correct characterization. the fbi's not in the business of moderating content or causing any social media company to suppress or censor -- >> that is not what the court has found. elizabeth: byen ron, what do you

make of all this? >> well, like almost everything else today, director wray didn't really answer that question. i mean, what we've obviously seen in the past many years at the fbi is that there are large numbers of rank and file agents out in the field who are catching kidnappers and stopping bank robbers and doing all the traditional crime-fighting things that the fbi does very well. but there has grown up a highly politicized elite at the top of the fbi in washington. we saw that in the 2016 campaign when the fbi had both major party presidential candidates under investigation. we've seen it since then in the whole trump-russia experience, and we've seen it in some of the other instances that republicans mentioned at the hearing today. and wray talked about the heroism of a lot of rank and file agents, but he never explained why the top of the fbi

has become so politicized. elizabeth: and straying from its law and order mission, you know? just catching the bad guys. >> yep. elizabeth: you know, federal judge terry dowdy found that that was going on with the fbi, helping to even do, you know, censorship on social media. then we find house judiciary report fbi doing, helping to moderate content on behalf of ukraine? and now we've got this, and also this involves facebook too, what the fbi's been doing too, the back doors into facebook. democrat senators warned three large tax preparation firms sent extraordinarily sensitive information on tens of millions of taxpayers to facebook parent company meta over the course of at least two years. we're talking -- these are the senators who are asking the ftc for an investigation into this. they're basically sending income tax data, facebook is getting that data. you know, the dependents the taxpayers have, things like their deductions and more.

this is a huge breach of privacy. >> it's a huge story. i think about 8 million taxpayers filled out do it yourself tack returns with the h&r block web site. a few million morety it with a couple of other companies, and we've now found that their information was actually shared with google and facebook. which did with it what they always do, they turned it into ads. but this is confidential, private taxpayer information. if a tax preparer, if your accountant did that, he could face criminal charges. if anybody at the irs did that, they could face criminal charges. there are very, very tight protections around individual taxpayer data, and the idea of millions of returns, the information from those returns just being sent to facebook is just incredible. >> well, this feelses almost, practically criminal.

why do does the fbi stop this? you know what it feels like, byron? the american people are so good, they're kindhearted, right? it's sort of like we're normalizing really bad behavior and pushing a lot of things on the american people that they don't deserve. and the american people, they take a lot, right? they get abused a lot by the high taxes, by inflation, by crime, and then there's this. final word. >> well, first of all, some of the tax stuff may, indeed, be criminal. and will be, actually, charged. we don't actually know. but the, there's been a lot of talk among republicans about how to reform the fbi. not just change the personnel, but changing parts of its mission. maybe moving it out, headquarters out of washington, d.c. altogether, some way to make the fbi a less politicized organization. but this is absolutely dangerous for our democracy, to have the law enforcement, top law

enforcement agent involved in so many political activities. elizabeth: byron york, thank you so much for joining us. we'll have you back on again soon. >> thank you, liz. elizabeth: new details about rampant crime after defund the police in cities that has now gotten state lawmakers switching parties. plus, why the energy secretary for great britain blasted john kerry in a meeting saying kerry's demand for a rapid shift from fossil fuels is, quote, idiotic. plus, we've got a new chinese threat to the u.s. power grid coming up on "the evening edit." ♪ ♪

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elizabeth: okay, this story is triggering concern. texas now warns china is targeting u.s. energy. grady trimble has the story live in austin, texas. grady. >> reporter: hey, liz. governor greg abbott is warning that china has a keen interest in buying up energy infrastructure like power plants

not just here in texas, but all over the country. in a fox news op-ed, governor abbott says texas or hears china knocking at our door. he adds china targets strategic sectors such as energy development, petroleum refining and power generation. state-owned power china, he says, is active in 50 ongoing projects across more than a dozen latin american nations, and experts tell us china is already here in the united states. >> we have seen china invest many a number of power plants across the u.s. the extent to which it's doing so really pales in comparison to what we're seeing in latin america and other parts of the global south. so these are things that the u.s. will have to keep an eye on and judge and review very carefully looking ahead. >> reporter: so that is certainly a long-term concern. a more immediate concern here in texas is whether the state's

power grid will be able to withstand high demand as a result of the extreme heat we're experiencing. it's 105 degrees in austin right now. because of that heat and the influx of people who have moved to texas recently, the grid operator projects electricity use could hit all-time highs this week and keep breaking that record repeatedly throughout the summer. but ercot tells us the grid will hold up. state lawmakers have been working to strengthen the grid to protect it from extreme weather both in the summer and the winter, but farce the -- as far as the china threat goes, above greg abbott says that president biden needs to do more to protect the grid from those kinds of threats. elizabeth: got it. wow, what a story. grady trimble, thank you for your terrific journalism. let's get reaction from corningman dusty johnson back -- congressman dusty johnson back with us. always a pleasure having you on, sir. what did you make of that, china potentially going to buy power

plants and more? >> oh, this does not surprise me at all. we are seeing china do this kind of thing across the entire globe, and the china committee that i'm a member of we talk all the time about china gaining coercive economic power over countries. as your reporter mentioned, particularly in the global south, but they're doing more and more of it in america too. elizabeth: what's the white house going to do to stop it? >> i think the white house continues to be more than a little naive. i mean, i think they want to build a strong relationship with china. and to be clear, liz, i don't want a shooting war or a cold war with china, but we cannot afford to be naive. the other day president biden said xi jinping has ambitions, but those don't extend to territorial gains. somebody needs to show him a map of hong kong and taiwan. we have got to view china as the serious threat they are. elizabeth: yeah. so we've got that threat but then, congressman, you've got the british energy secretary blasting john kerry in meetings. the bbc is report proking this,

calling it, quote, idiotic that kerry wants to immediately switch away from fossil fuels overnight, saying there's got to be a transition. you don't want to impoverish people, that people, telling them they can't drive, they can no longer heat their homes. this is the toyota model, they're saying you've got to have hybrid cars, a steppingstone of electric and gas cars. so the focus is on the white house, it's not on china, you know, buying up power plants, but it's on this botched strategy. >> we at some point have to live in the real world. we can't go to all wind power overnight. the grid is not going to handle it, and you're going to have a day when the wind doesn't blow but you need electricity. we're setting ourselves up for failure. the same is true on the transportation fleet. you know, we've got this white house that wants electric vehicles, well, the cobalt, the magnesium, the lithium that goes in those batteries, we get more than 70% of those critical minerals from china.

i would say this, if we have a white house that continues to push for evs without also pushing to unlock american mining, they are going to make us more dependent on china. elizabeth: you know, taxpayers understand the need to sop pollution. this is -- to stop pollution. this is a white house that's been botching it, botching the messaging in how it's handling things. let's watch, you're going to hear john kerry appear to imply it's a problem that, the fact that pension funds and 401(k)s have a fiduciary duty to protect retirees and savers when he wants what he wants in his climate agenda. you're going to also see vice president harris in action here too. watch this. >> this issue of transportation is fundamentally about just making sure that people have the ability to get where they need to go. it's that basic. >> what's preventing those trillions of dollars from trickling into the solutions right now? >> people to manage -- that manage very significant amounts

of money have a fiduciary responsibility, an obligation not to lose the money, but to produce returns on that investment. pension funds, many of them, is are very careful about those investments. so you either capture those emissions or you don't create them in the first place, and the discussion with these people who manage huge sums of money was we want to help, we want to deploy the funding, but you've got to help us create the structure for which which we can do that. elizabeth: congressman, your take? >> of course we want a cleaner future. but at some point we've got to manage for more than one outcome. and every time i hear john kerry talk, it is clear to me me that he is single mindedly focused just on car bonn. we also need to a make sure that we've got affordable, safe and rehighball energy for people. affordable energy creates prosperity, we for the better not kill the golden goose, that's for sure.

elizabeth: got it. congressman johnson, a pleasure having you on. >> thanks much. elizabeth: see you soon. okay, economists are warning the white house cannot, it cannot take a victory lap on that 3% inflation report for june today. today -- people are forgetting today's price increases are still bouncing off a much-historically-higher base. inflation is up 16% cumulatively under biden. it's one of the worst performances since the carter era. also new details about rampant crime after defund the police in u.s. cities. state lawmakers are switching parties coming up on "the evening edit.." ♪ ♪ i was told my small business wouldn't qualify for an erc tax refund. you should get a second opinion from innovation refunds at no upfront cost. sometimes you need a second opinion. [coughs] good to go. yeah, i think i'll get a second opinion.

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elizabeth: gop lawmakers are really pushing back hard on the biden white house that still wants your retirement 401(k)

money for its social agenda, and house republicans are saying at a hearing today this will hurt your retirement savings. hillary vaughn has been breaking the story, she's live on capitol hill with more. hillary. >> reporter: hi, liz. well, house republicans don't want investment groups, people that handle investing retirements, to worry about how green an investment is before investing in it. they only want them to worry about how much green ab investment -- an investment can make someone saving for and investing for their retirement. so house republicans are trying to weed out esg from public markets. the chairman of the house financial services committee, patrick mchenry, today say they want to stop third parties from influencing public markets, how money is invested by inserting their political biases into people's retirement portfolios by limiting them to what is only climate-friendly. >> rather than focusing on sound financial regulation, the sec has turned its attention towards

non-material environmental, social and political issues. the everyday investors who rely on financial returns for their retirement savings bear the brunt of these consequences. >> reporter: democrats on the committee are not distancing themselves though from esg or acknowledging that people should have of the right to opt out of their retirement being restricted to climate-friendly investments instead. the top democrat on the committee, maxine waters, saying this gop effort against esg is an attack on minorities and the lgbtq community. >> this house-wide effort is meant to divide americans by ripping freedoms, rights and opportunities away from women, people of color and members of the lgbtq community. the republican effort to dismantle esg is integral to their agenda to gut diversity and inclusion across the board. >> reporter: and, liz, we tried to ask congresswoman waters today if she really meant

that people who are anti-esg are attacking minorities and attacking the lgbtq community, and she told us we're not asking the right question. liz in. elizabeth: okay. hillary vaughn, you always do though. we love your stories. thanks for bringing that to us. it's good to see you, hillary. now with us from the fraternal order of police national vice president, joe grimaldi. joe, they're talking about this esg social agenda. they want our retirement money for that. what's the bigger social agenda than taxpayers hit with mayhem in u.s. cities and crime? even in d.c. the chair of the city council in d.c. says you literally can get away with murder in d.c. homicides are up 17% since last year. violent crime is up double digits. what do you think? >> yeah. and now they want to to pass tougher on crime laws. but my question to the d.c. council is where the hell are you been while d.c. has been burning? i mean, crime is through the roof there. murders are up 19%, carjackings are up 92%, robberies are up

49%. but you know what is down, the staffing at the d.c. police department by over 500 police officers. so maybe that council or anybody else who has any of these woke radical ideas, maybe stop listening to that group and instead let's listen to the subject matter experts on crime, the cops, and maybe we can actually restore a once-great city. elizabeth: yeah. and look at fbi data. if d.c. defunded the police by something like $16 million. we have the democrats pushing this flawed third way report that relies on newspaper clippings about crime, that tries to say crime is high also in republican-led states, ignoring the fact that democrat-run cities in those states are causing crime to spike because of liberal policies. just look at louisiana. let's get your take on this, democrat georgia state legislator from atlanta, georgia, she's representative misha maynor, she's going to be on our show tomorrow, she shocked democrats.

she switched to the republican party after democrats turned on her for wanting to get tougher on crime, get rid of bad prosecutors and bad schools. take a listen. >> i thought it was okay for me to not agree with those things that the democrat -- as a democrat. but they told me, you know what? those are values we just don't have. so if it's not your values to support kids and schools where only 3% can read, i don't have the same values as you. i also see crime at skyrocketing rates. we do not have time to defund the police. elizabeth: your take, joe? >> you know, bravo the her for standing up for what's right for her mustn't. but, liz, should -- for her community. should public safety be a partisan issue? should we make it a partisan issue, the safety of our children in our communities? of course not. it's an act of lunacy at this point that any democrat is still supporting revolving door criminal justice policies after we've seen the horrific results

over the last three years. i mean, anybody who still supports these policies, you have to say that they're complicit in the destruction of our country. i mean, it's just that simple. elizabeth: got it. joe, we'll have you back soon, okay? it's good to have you on. >> thank you. elizabeth: coming up, former economic adviser to president trump stephen moore on why economists warn this white house cannot take a victory lap on that 3% inflation report for june and why the president's bidenomics is misleading voters. let's check in first with our buddies dagen and brian brenberg with, he's sitting in for sean on the next hour for "the bottom line." brian: hey, liz. we're going to take you through the latestest on the christopher wray hearing, congressman andy biggs -- dagen: and also douglas murray and jon levine. and also coming up you just saw her speak out, representative misha maynor from georgia. she is on this show in about an hour, and you will hear it

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elizabeth: well, let's welcome back to the show former adviser to president trump, he's stephen moore. steve, or it's good to see you. you know, the white house can't take a victory lap on that 3%

inflation report for june. prices have gone up 16% cumulatively since biden took office. only carter had a worse with inflation record. today's price increases, people forget today's price increases are still bouncing off a much higher base that keeps on going up. >> liz, well put. you took the words right out of my mouth. you're exactly right. we're seeing about now a 16% increases in prices since biden came into office. let's not forget the average inflation rate under trump was about 2%. the average inflation rate now after two and a half years of biden is closer to 6, 7%. so those are enormous increases. one other quick thing, you know, there's another alternative survey that's done by the cleveland federal reserve board that looks at the average price for the median household in terms of the things that they buy, and and that rate of increase is closer to about 6. liz, the reason for that is the essentials that people have to buy -- food, medicine, rent, gae

than the price of, say, computers and swimming pools. elizabeth: so is, you know, the san francisco fed researchers, chicago fed researchers said they're blaming a big chunk of inflation on massive trillion dollar pending under this white house -- spending under this white house, $6 trillion. four presidents -- trump, obama, george w., clinton -- you know, steve, in their first term they never had a 4% inflation rate or higher in any month. that's like 16 years of inflation under 4%. biden has, like, 26, 27 months of inflation running hot at around 4% or higher. so he's blaming supply chain problems and the war in ukraine. can he? >> well, those certainly contribute to it, but we didn't complain about supply chain problems when trump was president. we didn't have, you know, all these price increases in oil as a result of the ukraine war. and, by the way, i think if trump were still president,

there never would have been an invasion is of the ukraine. so the main point though is we still have a lot of work to do here to get inflation down so families aren't falling bewith mind. remember -- behind. remember, and i've said this so many times but it's worth repeating, the average family has lost about $4,000 in real income since biden came into office. now, that corresponding number, do you know what that number is, liz? when trump was president? +6,000. so that's a big difference. and that's because inflation was low and wages were rising a lot faster than inflation under trump. elizabeth: you know, we just showed "the washington post," steve, is reporting that more americans, it's up like 40% one study says, are having to buy groceries on installment meaning an installment plan where they may have to a pay fees and interest rates on that. you know, 26 months straight americans have seen -- you reported on this, you've written about it -- real wages after inflation down 5%. the winston group is pointing out voters see the white house strategy to get biden reelected

as cherry picking and minuting americans on the data -- manipulating. they're talking west wing aides like anita dunn, mike done lin -- mike donilon sending out memos. biden has been there since 197 -- 1974. on forbes on fox back in 2006, i talked about trickle down government. mitt romney picked that up in 2012. >> yeah, i remember that. elizabeth: americans don't like trickle down government. they don't like to see the out of control spending by this white house or any congress. it doesn't care about inflation hitting americans hard because of all this government spending, and the polls show 7 out of 10 say america is on the wrong track under this biden white house. >> so let me say something quickly about -- i love that term, trickle down government and, by the way, it doesn't even trickle down. if you look at the latest jobs report and over the last six months, vivek ramaswamy and i have a piece that we've just written on this, it shows that

you know who has had the biggest increase in new hires? elizabeth: who? >> government. [laughter] elizabeth: that's right. >> government! so we're growing the government, but we're not growing the private sector. not manufacturing, not wholesale, not business is services, government -- elizabeth: steve moore, thank you. we'll have youing back on. >> okay, take care. elizabeth: more on the fbi director in the hot seat today, congressman darrell issa joins us next on "the evening edit." ♪ ♪ what do we always say, son? liberty mutual customizes your car insurance... so you only pay for what you need. that's my boy. now you get out there, and you make us proud, huh? ♪ bye, uncle limu. ♪ stay off the freeways! only pay for what you need.

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elizabeth: well, look who's here from house judiciary, congressman darrell issa. you were at the hearing today with fbi director christopher wray. what was your take on the hearing? >> well, apparently the longer you're director, the less you know because he didn't know how many of his confidential informants and/or employees were there on january 6th, he hadn't read the judge's order barring him from further squelching america's free speech and denouncing him for orwellian behavior. the list went on and on of what he didn't know and would get back to us. as a matter of fact, get back to us seemed to be the best answer of the day. and so is i've encouraged the chairman to invite him back in september because with we know that those answers won't have come, but at least he'll know the questions. elizabeth: get back to us, i

mean, that sounds like, well, the paycheck is in the mail. just gotta wait for it. we've got the breaking news that came in, irs whistle blow or gary shapley and another whistleblower scheduled to testify july 19th for house oversight. what would you ask them? americans see that these whistleblowers are getting retaliated against, they could lose their paychecks for blowing the whistle on do to j and fbi officials interfering, stonewalling biden family corruption probes, probes into biden family -- allegations of bribery, but no accountability, zero repercussions for fbi agents falsifying fisa wiretap applications to spy on the trump campaign, using a fake steele dossier, the hillary clinton campaign and dnc helped fund, fbi going after surveil surveillance on catholic churches, school board parents. what do you think? >> well, speaker mccarthy has challenged all of us including james comer and, of course, jim jordan to document people, in other words, put them on the

record under oath and then, in fact, to deal with the ambiguity between two statements that are different. it's one of the reasons that the speaker has now said that a impeachment inquiry is at least not off the table when you have two sworn statements and one of them must be lying and one of them is, in fact, a cabinet officer. so that's something9 that the speaker takes very seriously, we all should and do, and that's where we're going if this doesn't change including that hearing. elizabeth: congressman issa, thanks for joining us. >> thank you. elizabeth: we'll have you back on again soon. send your e-mails to e mac viewers@fox.com. we've got margo cleveland with us tomorrow, jeff van drew. it's good to have you watching the show, now it's time for dagen and sean is. brian, rather, it's brian with. sorry about that. [laughter] dagen: thanks. elizabeth: sure. ♪ ♪