david: and fox on top of a dash for cash now that the mid if night deadline has passed for campaign second quarter fund raising, we wait to see how they all did. they have until the 15th to report the totals so far. so far here are the numbers we have to go on for the gop side polls, ask they still show donald trump way ahead of the pack. once those fund raising numbers are in, how important will they

be, and could they make or break some campaigns? let's ask gop fundraiser noel -- thanks for being here, appreciate it. you know, some people are paying their own bills, or at least a lot of them, like vivek ramaswamy. of course, he's got a couple hundred million of his own spend to on that, not everybody has that personal cash, but with could we see the race diminishing as a result of these figures? >> absolutely, david. hanks for having me on. -- thanks for having me on. you cannot get your message out if you don't have money. so it's very is, very important to the watch these fund raising polls. and the other thing i will tell you is i am more interested in how much these candidates are raising, even more so than the general polls on how they're doing because if you raise more money than min, you have power to advertise, get messages out and saturate with your message so that you can attract new

voters and new people that want to join your campaign. so i really, really pay attention to how much they're raising. and it's important also to know, dave, who the money comes from. because if you want to the look at fund raising totals and you break 'em down and you notice someone like donald trump has raised $10 million but he's done so by small donations of maybe $10, $20 the, $100, that speaks volumes compared to let's just say desantis when he made his announcement raising $8 million, 5 of it coming from big billionaire donor ken griffith. david: noelle, i'm happy to say we're joined by mr. doug schoen who we were having technical difficulties. our a charlie gasparino is hearing from some democratic fundraisers saying for an

elected president going for his second term the, president biden right now is having a lot of trouble. i mean, historically speaking, getting money. he's still getting money, but it's not as much as their team would like. is that true, and if so, why? >> well, the reason why he may be having some troubles is because his poll numbers are rather disappointing even among democrats. that being said, having worked, as you know, for bill clinton, presidents can raise money. it's going to the take more time and more effort. i get the fund raising requests, literally he's doing 5-7 events a week. he and vice president harris. he'll get the money, it's just more of a slog for him given his tepid numbers and levels of support that are not as high as any democrat would want. david: i want to talk about top contenders which are clearly biden and trump. and nicole, president trump now

has two indictments against him. he's probably going to have more before the election, he may even have a conviction before the election, but it doesn't seem on the cramping his fund raising style, does it? the money keeps pouring in. why do you think that is? >> gosh, it almost helps him, that's the ironic part of this whole story, is the indictments and all the legalities coming his way, it almost helps him. and to you notice, he was kind of flat when ron desantis' was talking about running. and then all of a sudden came the indictment in new york city, and his polls went through the roof, his fund raising went through the roof. they feel like in a weird way that that he is a victim of all these indictments, that people are out to get him, and that is his narrative and that is his message to his base and to to the other people. he is saying this is not the right thing, what they're doing to me. please help me.

can i get your support? financially help me. i'm doing this for you. i'm sacrificing myself for you politically to help you. and so this is resonating with a lot of people that are willing to write a check where it -- whether it be $5 or $1 million to help donald trump defend, they think, america and the future of america, so it's healthy. david: doug, president biden has his own legal problems, particularly issues with his son. there are questions about whether he was involved in some way, whether he's misspoke in the past about his involvement with his son's businesses, even suggestions he may have taken a bribe. we'll hold off and see what happens with the evidence of there, but it's the not -- there is not the same reaction from fundraisers towards his legal problems, is there? >> no, and at point, david, the problems he has are confined to hunter biden. now, i know allegations you've

summarized, hay probably -- they probably don't enhance any enthusiasm on the democratic side. but until and unless there is credible evidence tying him to the allegations against hunter biden, i don't think it'll have a demonstrable or serious effect on the campaign. david: yeah. well, i want to stay with you if i can, doug, because the question of his policies, in 2020 we did not have biden's policies in effect. so now we have, we've seen a lot of disaffection from voters concerning his economic policies, and then there's questions about his age and whether he's up to the task. are those pulling down his fund raising numbers as well? >> oh, i think so. i think the impact of inflation, the cost of living, interest rates undeniably are hurting his fund raising. i think there is concern, of

course, about potential legal problems. but i like to say biden is the democrats' last best hope. he's running either even or slightly ahead of trump and desantis. so democrats are unifying around him, they're just, david, as as you and nicole were saying, not the level of enthusiasm at least yet politically or financially for the incumbent. david: and finally are, nicole, i'm just wondering why the president -- excuse me, noelle, forgive me, why the former president doesn't have more of a focus on economic issues, that he was -- he had a pretty good record up until the pandemic. and the money people are really interested in how he's, in his economic policies, whether he's going to continue what he started back in 2017 is. is he going to focus more on economic issues coming up in the next, leading into the election itself? >> yeah, i think that he's definitely going to focus on

economic issues because we, as consumers, are very concerned about, you know, pensions, about rea timers, about the stock market -- retirements, about the stock market and everything going on around it, inflation when you go into the stores. so, absolutely, he's going to to start focusing on the economy ask what's happening before us because it's an issue that we deal with as consumers every day. david: yeah. it's the economy, stupid, as they used to say. [laughter] doug, thank you so much and, nicole, great to see you. noelle. forgive me, noelle, good to the see you both. meanwhile, new details on the hunter biden probe. the doj just responding to house republicans. alexandria hoff is at white house with the latest on this. >> reporter: well, david, according to irs whistleblower gary shapley, the investigation into hunter biden was influenced by politicses. he claims u.s. attorney david weiss had complained about his control being limited. as house republicans were

waiting on information on the hunter biden plea deal to be turned over congress, yesterday house judiciary chair jim jordan received a response from weiss who writes he is not at liberty to provide the material sought on hunter biden. quote, first, the department of justice did not retaliate against an irs criminal supervisory special agent and whistleblower as well as his entire investigative team for making protective disclosures to congress. second, weiss says that he stands by a previous letter where he said he had ultimate prosecutorial authority consistent with federal law adding this, quote, as the u.s. attorney for the district of delaware, my charging authority is geographically limited to my home district. common departmental practice is to contact the united states attorney's office for the district many question and determine whether it wants to partner on the case. weiss appearing there to push back on these whistleblower claims going on to agree with what attorney general merrick garland testified back in march.

listen. >> if he needs to do, bring a case many another jurisdiction, he will have my full authority to do that. would be permitted to continue his investigation and to make a decision to prosecute any way many which he wanted to and in any district in which he wanted to. >> reporter: and i do want to the add yesterday an attorney for hunter biden sent a letter, a lengthy one, to the house ways and means chair saying that house republicans are attacking his client as a way to get to the president. david? david: alexandria, thank you very much for that. so president biden vowing to keep student loan bailouts coming despite supreme court ruling. how would 2024 republican presidential candidate francis suarez handle this crazies? he joins me -- this crisis? he joins me live from miami right after a break. ♪ all night on the beach i'll the break of dawn. ♪ welcome to miami ♪ the hottest deals of the seaso. so your summer is full of fun and savings.

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david: so with the supreme court block president biden's student loan bailout, he's pushing yet another plan. reaction now from 2024 the republican presidential candidate and miami mayor francis suarez. good to see you, mayor. first of all, did the court get it right? >> they absolutely got it right and, first, i want to just say in advance hope fourth of july. david: thank you. >> to the all your watchers. of course they got it right, you know? this was a tremendous overreach by the president trying to cancel, you know, hundreds of billions of dollars of student loans for people, you know, often times who are doctors and lawyers and accountants that it's the being subsidized by those who didn't have an opportunity to go to college. i don't see why everyone who can't go to college, didn't accumulate debt has to subsidize the debt of everyone else. it just made no sense, and i think the supreme court definitely got it right in checking executive authority in this case. david: now, a question of whether government has any blame in creating the crisis to begin

with. tuition has gone up two and a half times inflation over the last 40 years, a lot of people say it's because of the government funding that's going to education. that's causing campuses to think they can raise the tuition as much as hay want. is that part of the problem, and also the question of where the -- whether the department of ed should continue to be handling the student loan. it used to be banks that dealt with the issue, then it was given over to the department of ed. was that the right decision? >> you know, i think, i think you're right, i think general inflation has been a big part of the problem. it's obviously increased costs across board for everyday americans. what i've done as major and i think -- mayor and i think is exciting is i've created with the private sector two to scholarships that allow people who have pell grants in my city to go to college for free. one of them is for first in family, if you're first in your family to go to college, you go to college for free. i raised the funding to help make that happen. the other one is if you want a s.t.e.m. degree, we know that

the economy of the future, high paying jobs, where our country has to position itself to be prosperous and successful is in s.t.e.m. education. that's where we're losing with third graders and with young children. and i raised the private sec editor money so that every pell grant recipient in my city could go to school for free. i think when you're a leader, you have a responsibility to think outside box, to convene people to come up with creative ideas not just to take the lazy route which is clearly political and an attempt to just try to get votes. david: but, mayor, it's gone up much more than inflation. it's not -- inflation is not the cause of problem of tuition, it's going up two and a half times more than inflation itself, and the question is whether student loans is part of the problem, that now the department of ed is handling rather than the banks. should that portfolio be moved from the department of education back to the private sector? >> absolutely. i mean -- [laughter] there's rarely ever a time when the private if sector is less efficient at managing capital

and managing these kinds of massive, you know, programs than the government. in all my experience, there's never been a time when government has done it better. i think you're absolutely right, we need to get the cost of borrowing down as much as possible. it takes, you know, decades to pay off these debts, and, of course, as you said, the more debt that's freely available and as we saw in the sort of easy credit era that we just came out of, the more inflation that you have as well. david: now, mayor, i have to ask you about a miami herald story the that's been, they've been working on for a while many which they claim has been turned into a federal investigation concerning $170,000 that you received from a developer, a guy named rish ca kapur. what can you tell us about this story? >> i can tell you very clearly that, first of all, as mayor you have the ability to work in the private sector. it's perfectly legal. "the miami herald" and everyone

acknowledges it and that i've never used my public position to benefit a private party. it's never happened in my 13 years of work as a mayor and a councilman, and it will never happen. and so, you know, it's the interesting that as i decided to run for president of the united states, all these stories started being generated, the miami herald has generated a tremendous a amount of resources to try to damage my reputation, and they're obviously a very liberal institution. extremely liberal editorial board, columnist, etc. and, you know, the fact that there's a republican hispanic presidential candidate offends all of their principles. i'm their worst case scenario. david: but is there a federal investigation now looking into all? all this? >> you know, i -- you'd have to ask the federal government that. you know, from my -- that. david: so you haven't -- forgive me for interrupting, but you haven't heard from federal investigators? they haven't interviewed you get about all?

>> i have not been interviewed. i will cooperate, and i have said very, very clearly from the get go that i'll cooperate with any investigators. i have nothing to hide and been very transparent and will continue to be transparent in this matter until it's satisfactorily resolved in my favor. david now, a lot of people particularly looking at donald trump and donald trump himself have said this, they think our whole legal system ising -- is being used in a political fashion like it never has before. there are certain examples that seem to bear that out. are you saying that you're, that this investigation, if it's ongoing, against you is one of them? >> look, i can tell you that i've done nothing wrong,9 and the miami herald has distort thed the facts tremendously and has gone and shopped around this case to a variety of different investigative sources including the fact that it was, it's being looked at by the commission on ethics, and there hasn't even been a complaint issued to the commission on ethics. this is something that the

commission on ethics is doing, obviously, because the "the miami herald" is trying to make this into a bigger issue than what it is. david: all right. mayor suarez, stay safe on the election trail. good to have you and have a wonderful independence day. appreciate you being here. >> it's good to be with you. can't wait to be in cedar rapids. david: thanks very much. lots of eyes are on presidential race, but the senate race is heating up as well. meet the navy seal hoping to win a crucial street in minnesota, but first, thousands of delays and canceled flights already have travelers fuming and then comes a tweet by by the faa that that really has them going. you want to stay around for that next. >> that's a pretty poor choice of things to do. they should be helping us, not making fun of us. all you need is a phone and a finger. just go to vroom.com, scroll through thousands of cars. then, tap to buy. that's it. no sales speak, no wasted time. go to vroom.com and pick your favorite.

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>> it's disappointing to me to hear the faa is tweeting jokes about unruly passengers or whatever the deal was. everybody's frustrated because there's no, i mean, nobody would help us last night either. i mean, they were, like, our luggage is lost too. >> it is kind of a wheel of fortune. >> that's pretty poor choice of things to do. they should be helping us, not making fun of us. david: i should say so. fliers slamming the faa for this tweet attempting to joke about unruly passengers. they say bad timing when flights all over the can country are being delayed or cancels on a busy week. so was this tone deaf? travel expert francesca page joins me now, by the way, we reached out for comment from the faa, they didn't respond to the us. but making fun of passenger woes under these circumstances, i mean, that's not a really smart move, is it? >> no, definitely not in this

particular juncture. you've got to keep in mind aside from the bad weather, the airports are seeing critical short staffing, so going into the summer, the faa allowed the airlines to drop some service coverage to the tri-area in return for not losing their gates. it's impacting traffic on high passenger travel days coupledded bad weather was bound to create severe delays. however, probably not most tactful move on the part of the faa to joke about passenger etiquette amongst all these delays and cancellations. it really only puts them on the losing side publicly speaking. david: by the way, there's also issues with 5g, not all the planes, particularly foreign planes coming here, have that capacity, and integrating them into with our system with air traffic controllers was very difficult. but staffing, above all issues, it's still that problem of staffing that's kind of left

over from the pandemic, right? >> yeah, absolutely. staffing is a huge -- [no audio] david: all right. looks like we lost francesca there. let's move on. all right. is she still there? okay. all right. we will be right back and talking about more about what's happening with democrats on defense. in some key senate races across the country including montana, a retired navy seal looking to take on democrat jon tester in take on democrat jon tester in the state. . oh my goodness... wow, look at all those! you get hungry for more and then you're just like, “wow, i'm learning about my family.” yeah, yep. which one, what'd you find? lorraine banks, look, county of macomb, michigan? look at grandma... hey grandma! unbelievable. everybody deserves to know who they are and where they came from. ohhh...cool. this whole journey has been such a huge gift

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david: a lot of eyes on the 2024 presidential race, but the senate races are height up too particularly in states that voted are republican in 2020 the but have democrat senators. fox power rankings show democrat senator jon tester of montana is paying defense, and my next guest is the person who wants to beat him. tim she i think is ceo of bridger aerospace and hopes to be the republican senate nominee in montana. by the way, we did reach out to senator tester, he's welcome here anytime. we did not hear back from him. tim, we were hoping to get a video, but you're on the phone with us. first of all, you're a former navy seal. i understand your wife is a former marine. how does all of that military background shape up and affect

your perspective on how to work on things and change them? >> thanks for having me. listen, you know, our participation in congress, both houses from combat veterans is at an all-time low, and combat veterans have a unique perspective on service to this country especially after our nation's longest war. we know how to get things done. it's not democrats or republicans, we're all americans. is so i think it's time for a new generation of americans to pick up the mantel of leadership and help get this country back on the right track. david: by the way, my son -- oh, there you are, you just pond up, your visual. we can see you now. my son just finished 20 years in the marine corps, he left as a master sergeant. he, a terrible situation, a couple of his friends have committed suicide since they came back are from war. how would you address that growing problem among our

veteran corps? >> what we're experiencing today in our military is it's becoming a family business, you know? a very small portion of our population are serving, and montana's unique. we're the second highest participation rate per capita for veterans in our state, so a lot of montanans are veterans, and a lot of times they come home and they don't have a lot of commonality with even people they went to school is. so they can be isolated as we're becoming more and more spread out over the country and connecting ding can tally, you can't go home and talk to your friends because a lot of times your friends didn't serve. they're feeling isolated, alone, and it's up to us as a country to make sure that not only are we reintegrating them, but we're hiring them. you're hiring them because they're smart people who know how to get things done, and our team is an all-veterans team at aerospace. we're lucky of them. david: you know who knows that? fred smith, the founder of fedex. he's also a former marine, actually got a silver star as a

former, when he was a marine, and he says if there's a free marine out there, tell 'em to contact fedex because i'll find work for them. how would you define your mission if you're elected senator? >> listen, the mission is to deliver a conservative majority back to the u.s. senate. we need americans in the senate who understand servant leadership and want to use common sense solutions to get things done, you know? you look at -- let's take veteran suicide piece you talked about earlier. in new york right now we have a progressive government that's putting vending machines on the streets of new york city where, you know, a homeless drug addict can walk up and get whatever they need to help them with their addiction whether it's needles, whatever it is. free, to in prescription, no payment, nothing. mean while, if you're a veteran suffering from ptsd or other issues, i'm very familiar with that, the v.a. was my sole source of health care, if you have to the drive to a facility in montana, sometimes that's two, three, four, five hours

away, you have to wait in line to get what you need after serving our country oversees -- overseas. that doesn't sound like common sense to me. david: no, it certainly doesn't. so that's dealing with the social side. let me ask you about the economic side. the president claims he just rolled out his bidenomics plan, we're going to be talking more about that in the next segment. what do you think about what's happened to the economy now, and why are hearn manies so -- americans so dissatisfied with it? >> listen, inflation is not fun for anybody and, again, a state like montana where some people drive two hours to work every day, diesel, fertilizer, farm equipment, when costs run away like that, 14 percent inflation, commodity prices don't follow that index. so you've got an incredible impact on the state's economy and not in a good way. and when when you're looking at our deficit, it's completely out of control. i didn't know anything about business when i started my company as a veteran getting

out, all i knew is there better be more coming in than there is going out, and that's a brittle simple -- pretty simple rule of business. we can't run our businesses like that, our families like that, we can't be running our country like that. we've got to get our spending and debt under control. we need to start running our country like we'd run a business. david: you know, i once asked rick perry, the former energy secretary and before that governor of the state of texas, why texas was doing so well economically. he said it's not rocket science. you make it e cheaper and easier for businesses to do business, and you'll get more business. it's that simple. i sense that you have that kind of common sense approach. >> that's exactly right. and one of the biggest pieces in that i applaud rick perry about is american energy. you know, energy security is national security, and we are blessed with amazing energy resources in this country. and right now, you know, the cleanest form of energy moan to man is american fossil fuels. our industry that extracts fuel from the ground does so with a

level of safety and cleanliness not found anywhere else in the world, so it's a great job creator, and us buying oil from despots around world when we could be producing it right here doesn't make any sense. we need to reinvest in american energy security and become energy independent again. david: the senate has a lot to do with how we defend ourselves from threats overseas as well, much more so than the house does. what do you see as the biggest foreign threat to the united states right now? >> well, really we have two that i think are pretty equivalent. number one is, of course, china. they have made it very clear that they want us to have a very changed landscape around the world as far as a multi-polar world where they have more power than we do and they can dictate terms to us navigation of the seas which has been a defining characteristic for the free world. they're literally building islands in the middle of the pacific to take away freedom of navigation from not just the united states, but the entire western world that depends on our navy to provide that. and second, of course, is our

southern border. that is a foreign policy threat, 100. we have fentanyl pouring across that border, made in china, by the way, killing tens of thousands of americans every year, and that is a national security threat because it's eroding our rural materials, it's tearing apart our cities, and the democrats want to put criminals over cops. they've made that very clear from the summer of 2020 the through covid, criminals over cops, open border policies are eroding our country. david: tim, finally, i want the talk about senator tester who you hope to unseat. you focus in your campaign literature about the fact that he's been there a long time, 25 years. i'm wondering if you think that is too long and whether there should be term limits and whether you would put yourself under a term limit. >> as a matter of fact, i've already signed the term limit pledge. i've only been declared for four days now, but i believe strongly in term limits. you know, listen, business as usual, obviously, is not working. americans' confidence in government are at an all-time low, and that means we need a

change. we need a change in government, you know? a building full of 80-year-old guys arguing every day isn't working too well anymore, so we need a younger generation of leaders who want to take a common sense approach. and i've committed to term limits, i think that's the right answer. take the military, for example. you normally don't have a man or woman in command of units more than two years, maybe three, maybe four for a major command, and that's because rotating leadership is good for an organization, and it'd be good for the country. i believe in term limits and i've committed to that. david: tim sheehy, first of all, thank you percent service and the service of your wife as well and have a wonderful independence day. thank you for joining us. >> thanks for your time and go to the tim for senate.com to learn more. david: i was waiting for that. good do see you. >> over a year ago the white house vowed to go after missing covid money but over a billionyr dollars is still missing.

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>> when you consider what the economic circumstances were at the time that we launched this program and the fact that we had to bypass what we normally in a normal situation would have liked to have put in mace in fraud prevention but could not given the one week time frame we had to get this program up and running, the fact that we have only a 1% fraud rate, i view this report as vindication. david: well, that 1% rate equals $200 billion in covid fraud according to a new watchdog report that mr. faulkender very much disagreed with. fox business' hillary vaughn is in washington with the latest on the report. hillary. >> reporter: david, this is $200 billion in taxpayer cash that these fraudsters got away with. that's about $1,000 for every taxpayer in the u.s. that these scammers were able to get by filing fraudulent applications with the small business administration for covid relief money. the office of the inspector

general releasing their findings into the sba's pandemic assistance loan program. the numbers are not pretty. the sba paid out $1.2 trillion in economic assistance. at least $200 billion of that, the inspector general says, was paid to scammers. the task force working to get the money back has been able to reclaim about $31 billion in stolen money. they've also cracked down on criminals, over 800 arrests, more than 500 convictions so far. but the sba is issuing their rebuttal to the inspector general's investigation saying they are flagging potential fraud and treating it like it is real fraud saying this: we are concerned that the white paper's approach contains serious flaws that significantly overestimate fraud and unintentional hi mislead the public the believe that the work we did together had no significant impact in protecting against fraud. one scheme that was detailed in this report, the inspector general calls it the romance scam where fraudsters targeted people looking for companionship

online, they manipulated those e people to give their personal information, then the scammers used that info to apply for pandemic relief. the total amount this network of thieves was able to get away with, $10 million, a big chunk of that from more than 250 ppp loans that they fraudulently received. david? david: all right. hillary, thank you very much. and i just want to be clear, mry total amount of fraud was much, much less than the $200 billion, so there is pushback to that report. i wanted to make that clear. meanwhile, president joe biden feeling good about economy right now. what about everyday americans? that's next. >> inflation which a year ago was 10%, the it's now 4%, so so it's still elevated but it's coming down. >> well, i just notice it a lot with food, that it's amazing how much more expensive it is.

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>> we can't afford anything, housing, food. i mean, i'm from florida, so moving to prices, you know, the way they fluctuate, it's insane. >> economy is doing much better than most people perceive. when you look at the strong job numbers that we continue to have and the lower unemployment rate -- >> well, i am concerned about inflation. i feel like prices have really gone up a lot lately. >> it always does seem to swing back and forth with things being high and then it corrects itself. so that's what my hope is. david: of course, hope is not a strategy. mixed feelings from everyday americans on the economy, but right now the white house says a lot of things are going the president's way. we see gdp improving, a better than expected number. a key inflation gauge declining to its lowest level since april

2021. it's still high, still above wage increases, etc., but stocks, look at them. they are on a tear so far this year. so why aren't americans feeling joy? let's get a read from economist steve moore and geltrude and company founder dan geltrude. gentlemen, good to see you, thanks for being here steve, week this chicago of all places where a lot of businesses and people are moving out as a result of high taxes, crime, all sorts of things, the president rolled out his bidenomics speech. what did you make of it? >> well, look, david, all of those people you all just interviewed on the street have it right. it is a good jobs market right now, no question about it, and inflation has come down. and that's a good thing too. but it's also true that the price of food, the price of gas, the price of airline tickets, transportation, cars are up. and so you've got this problem, david, where 22 of the last 24 months people's wages have

fallen behind the price of goods and services. and that's why more and more americans are feeling financially stressed out. and you see that, by way, in the credit card debt numbers that keep escalating month after month because people have to borrow more and more money just to maintain their living standard. so i would give this economy at best a c -and maybe a d because, of course, it's all being financed by debt. david: by the way, can we keep that up on screen for a send while i talk to dan about it. what you're looking -- the blue line shows the wage increases over the past couple of years since the president's been in office. >> right. david: the yellow line shows the actual, that is once you take inflation into account, people are losing money. people feel like they're spending more for the same amount of stuff that they were buying two years ago during the last administration. so the president says, hey, look, everything's doing great. it's like he's selling, you

know, cheap hamburgers and calling them t the-bone steaks. , the-bone steaks. >> when you look at the latest ap poll on how joe biden is doing with the economy, he's only got a 34% approval rate which means two-thirds of the people out there are not feeling it, david. and they shouldn't because that graph that you just had up on the screen tells the story. people are not getting, concentrating on all these numbers. that's for the economists to work on. what people feel is as follows: what's in my bank account? so, yes, i may be making more money, but i have to go to my credit card in order to cover my expenses. and personal debt in u.s. history has never been higher e. and that's pain that people are feeling, and that's why we see these numbers. david: but, steve, just about six months ago everybody seemed to say we were going into a

recession. clearly, the gdp numbers don't show that, they were much better than expected. 2 as opposed to the 1.4% that was expected. could it be that things are looking even brighter as we get closer to the election? >> well, look, for the last, you know, year and a half or so the economy's grown by a little over 1% even with those new numbers. so those are pretty dismal numbers. look, i believe if the trump policies were still in place, we'd be growing at 3 or 4%. remember, all of this economic malaise is coming at a time when we should be in a boom. don't forget, david, we came out of covid. covid was over when biden came into office. one of the things that really annoyed me about what he said in his speech was, oh, the economy was wreckage when he came in. no, it wasn't. the last six months of the trump administration had created a boom coming out of covid. david: in fact, dan, the economy was growing 6% in january of 2021 is when biden took over,

and we had 1.4% inflation. >> yes, exactly. david: so the average worker was getting much more than what they're getting now. >> there's no question about that. and that's why people are feeling the pain. and, listen, keep in mind what the federal government is doing right now through the fed. they're still going to go back to to the increasing interest rates. why? it's because they're trying to tamp down the growth. and and what's that about? listen, it doesn't make sense. what we really need to focus on is not trying to manufacture an outcome through government interference. what we really should be doing is let the american economy grow as it will. free it. take the handcuffs off and then let's see how we do compared to what biden economics are doing -- david: well, let's bring in the center for economic policy and research co-director.

mark, you've heard what your colleagues are saying about the perception that americans have that the economy's not doing well. you heard or president on wednesday saying that it is doing well. how does he make his case when he's dealing with this perception by americans? >> well, thanks for having me, and i want to say just on point of agreement, i agree with what your guests said about the fed. the fed should not have raised interest rates, and they shouldn't be raising it further. ing and then the, you know, if we have a recession, that's what's going to cause it, but it's not bind. if you want to -- biden. if you want to look at these responses that people give at polls, they ask, you ask people how they're doing personally financially, they say very good, and they say the economy's terrible because that's what they're getting from the media versus their actual experience. you can see the "wall street journal," a conservative news outlet, had a headline story in may saying that workers are

happier than they've been in decades. that was headline in may, okay? job satisfaction was at a 36-year high. why is that? because a lot of people can leave their job if it's bad, okay? and that's because, you know, the unemployment rate has been 3.4-3.7% since march 2022. you can't -- you got to go back to world war ii to get unemployment rates like that. so that's really, one really huge for people. you and i don't worry about unemployment, but millions of people do. and then you have, you know, the bargaining power they get from that. and, you know, by the way, or on wages, you know, you have to look -- you can't just take one year and look at the average. you've got to look at the median, you've got to look at the bottom sectors of the labor force because the average is pulled up by -- david: yeah, but, mark, the point is, is people's perception is reality. i mean, people know -- >> people's perception -- david: hold on a second, hold on a second. people know how they spent a

couple of years ago, and they can't get the same amount of stuff now. >> yeah. well, that isn't really true. i mean, look at the -- [laughter] david: you're telling them not to believe their own eyes and pocketbook? that that won't work. >> i'm sorry -- david: hold on a second. steve the, go ahead -- [inaudible conversations] david: okay, hold on a second, mark. go ahead, steve. >> under trump in four years we had a $6,500 increase in real median income. it was a boom with. and middle class people benefited the most. so far under biden the average family has lost about $4,000 in purchasing power. so they're not better off, they're much worse off, and and they were much better off under trump's policies. >> yeah. averages -- david: go ahead. >> yeah. look at the median wage. it's risen since the pandemic. wages at the bottom, the ninth percentile, the tenth perfect seven tile has risen 9% adjusted for inflation. you're not disputing these numbers --

david: well, he is disputing them. he was shaking his head no during what you were pointing out. gentlemen, i'm sorry, we've literally run out of time. we thank you all for joining us. and an even bigger thank you to everyone at home for watching. stick with fox for the very latest breaking news. "fox news live with alicia acuna and griff jenkins starts right now. like which mower makes the cut. the mulch that finishes the look. and picking a color that pops. you got this. we got you. [music playing] subject 1: cancer is a long journey. it's overwhelming, but you just have to put your mind to it and fight.

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alicia: millions of americans will take to the sky this week it would travel numbers predicted to reach record levels. recent flight distractions are raising concerns about the airline industry ability to cope with the surge. welcome to fox news live i am alicia acuna. griff: great to be with you. and it packed your patients tens of thousands of flights were either canceled or delayed throughout this week. airline officials say they have taken measures to prepare for