write notes lawyers and lobbyists. >> steve moore you also suggest federal spending limit.ut at some point are we in so deep a small federal spending limit? >> spending limitations work when they're put in place. in other countries and in states pretty think it would work. but right we've got ourselves in a pretty deep jet ditch. but don't you think maybe we should stop digging?ea that is my warning in this book. please stop digging the ditch deeper. this year alone joe biden has beene' bragging about we only he a trillion dollar deficit this year. when you and i got started could you ever have imagined to trillion dollar question number that's heralded in some kind of improvement? >> by the wage and homey zeros are there, peter? nine? >> know there's 1212 zeros. >> thank you, glad to learn that. >> se problem though isn't it? i can't comment you can't people watch the show can't tell that its rate 10,000,100,000,000,000. the numbers are so large. we are immune to these numbers eraren't we? if i had told you the government wasted $200,000 on the program he would say that's

without further ado here is steve moore. [applause] >> hello, everybody. it is a privilege to be here for this unveiling of this great new book. my first thoughts about this, what is it about omaha, nebraska that creates so many amazing business lines. you talk about warren buffett, joe ricketts, and david sokol hailing from nebraska. tell us what the secret is about that area of the country. this is such a well-timed book given the kind of economic massacre going on in this country, the fact that we've gotten so many of these policies that are supposed to be advancing the american dream but are achieving the opposite. we are depleting the american dream, people's economic prospects by the growth of big government policies, almost as if president biden has done the opposite of what you suggest in this book and what is really so exciting to me about this book is it is not just a recitation of all the problems we have. we all know we have problems, people on both sides of pennsylvania avenue. this morning the united states senate passed another $200 billion

. >> before i introduce you to our colleague steve moore, ist wanto remind you all you have pens and papers on your chairs, which you can use for questions for the q&a portion of the program tonight. i also want to help set the stage by sharing polling that's commissioned on the american dream. that really is fundamentally what the book is about. we worked with our friend scott to find that 58% of americans say they feel very proud to be an american. 56% would rather live in a system we call opportunities to succeed and some end up successful, which is the definition of amerri bowltoxy. ameritocracy. there's concerning findings as well. those get at the thrust to the american dream, which is also a theme of this book. only 37% agree that america is the stronga force for good in te world. only 24% are very confident that we have as a nation the ability to fix the problems that we face. and fully 42% believe mesh's best days have come and gone. we're looking forward to exploring these types of issues more fully tonight and in the future as we continue to place america in perspective. i

do not do this it wasn't just steve moore, andy puzder, steve moore they did it anyway.beth: did it any way. >> wasn't happening t was transitory. and it wasn't their fault. now they're trying to make up things, they will not fix it. elizabeth: gobbledygook. close it out with gobbledygook again. an did i, steve moore, like to be in studios. it is finance with you. bring the red carpet next time. just kidding. look at saudi arabia, look at this one. saudi arabia going after the white house how weak and tenuous its position attacking opec production cuts. outrageous too thage of the attack on cops in connecticut. story california hit by crime. california gubernatorial up. she is nex but on she is nex but on "the evening edit" .t the thingst a lifetime like happiness, love and confidence... you can't buy those. but you can invest in them. we believe that your investments should work harder for the future you imagine. and that's where our strategic investing approach can help. t. rowe price. invest with confidence. ♪ for over 100 years, lincoln's been exploring new ways to d

elizabeth: final word, steve moore?> gas prices, gas prices are so indicative about how people vote. we're now headed back to four to five, in some cases $6 a gallon of gas. that is killer -- i wouldn't want to be a democrat running for those numbers. elizabeth: feel bad for american families out there. congressman bishop, steve moore, thanks for joining us. >> thank you, liz. elizabeth: we're staying on this coverage, democrats want a new army of irs tags agents to go after taxpayers. irs workers caught stealing taxpayer pandemic relief money to buy luxury cars, trips to vegas, jewelry and more. public safety high on the midterm ballot, democrat are the citing objective flawed study that goes after gop-run states on crime. former federal prosecutor cully stimson joins us next on "the evening edit". ♪. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/h

>> a round of applause for steve moore. [applause] >> well, it's my pleasure to be here and my thanks to freedomworks for hosting and hosting the conversation that ensure will be very lightly and enlightened because the book itself certainly is as someone has had the pleasure of reading it, i can say it's moving and it includes so many helpful arguments but with a sense of i think moral clarity that's missing from a lot of our conversations right now. i'll introduce our speakers and then we will dive right in. our speakers/authors i should say. david sokol as you all as a chairman and ceo of teton capital, , founded three compans in his career to date taken three companies public and is chairman and ceo of mid-american energy holdings company whose sole that come to berkshire hathaway company 2000 or he continues with berkshire hathaway until he retired in march 2011. when left in order to manage the family business investment. he is a member of the executive committee of the board of directors of the horatio alger associat

so further ado, here is steve moore moore. well, hello everybody, it is a real privilege to be here for this unveiling of this great new book. and, you know, my first thoughts about this is what what is it about omaha that creates many amazing businesses? i mean, you talk about warren, of course, and and joe ricketts, of course. david sokol, all hailing from nebraska and been incredibly successful businessmen. so maybe you can tell us what the secret is, david, about that area of the country. this is such a really well-timed book given the kind of economic massacre that's going on in this country over the last 18 months and. the fact that we've gotten so many of these policies that are supposed to be advancing the american but are achieving just the opposite. we're actually depleting the american dream. we're depleting people's economic prospects by the growth, big government policies and it's almost as if joe biden has done exactly the opposite out of what you suggest in this book and what what's really so exciting to me abou

. >> host: joining us now on booktv is steve moore. his most recent book is "govzilla: how the relentless growth of government is devouring our economy and our freedom." mr. moore, has government ever not grown? >> guest: good to be with you. love c-span. thanks for having me. the book really goes through the whole history from the founding of a country and there's lots of graphs and charts ind this that show we've had a relentless growth of government but there have been periods, a good question actually, have there been periods where government has retrenched? the answer is yes. for example,, for the first 50 o 100 years of our country there really wasn't much growth of government. the federal government basically provided the postal service, it built the roads andnd provide te national defense and had a court system but we didn't have all the social programs. there was the education department or energy department back then. and then of course -- i think you were tot its earnings thins it happen in the united states. one was the ado

steve. let's give a round of applause to stephen moore. [applause] it's my pleasure to be here and my thanks to freedom works for hosting me inn the conversation that i'm i'm sure will be like wind and lightning because the book certainly has. if somebody's had the pleasure of reading it i can say it's moving and it includes so many helpful arguments with a sense of moral clarity that's missing from a lot of our conversations right now. i will introduce our speakers labeled a friend. our speaker/authors. david sokol in the chairman of -- capitol and he's taken three companies public and is chairman and ceo of mid-american energy holding company. he sold the company to berkshire hathaway in 2000. he continued with berkshire hathaway tiber trier -- retired in march of 2011. he's a member of the executive committee of the board of directors of the horatio alger association of distinguished americans. over his 40th career he is chaired five corporate boards and over a dozen charitable or community boards.s. welcome david. thank you so much. [a

let's not forget it. >> steve moore? >> you, know you mentioned tonight on the tv show that i had worked in late 1987 at the office of management and budget, under jim miller, a great reignite. i never thought a lot of it. we try to privatized amtrak. wouldn't that be a great thing? 50 billion dollars more to amtrak to privatize it. that's difficult. an example of the kind of things reagan wanted to do. what better transportation we would have today fully privatized amtrak. i'm very proud of that, that i worked for reagan, you know? i think that it's -- i tell my kids, you worked for ronald reagan, that is so cool. his stature keeps going up. you know something? over time, reagan stature keeps going up. the last thing i will say, i went out to south dakota three weeks ago. rapid city, saw mount rush more. there is room for one more. there is room. wouldn't be amazing if ronald reagan was on that? [applause] >> judy shelton, last word? >> i think he proved you really can change the world. you can change the destiny of the

steve moore isn't focused now. steve how do we get any of that back?just the biden stamp on our lives that that taints it forever? because you can't retire right now, that's for sure. i hear it's great to be with you. you know, i looked at that. i was just looking at that facts. poll you're just citing and it finds. i guess i was sort of surprised that 35% of americans still approve of the way that biden is handling the economy because i can't think of anything that's going right with the economy. you've got record high. gasoline prices. you have inflation and it's 40 year high. you have our national debt that's been increased by $4 trillion in 21 months. friend of mine just texted me this morning harris that in california they're paying close to $7 a gallon for gas. i mean, i could go on and on. and so this new study that we just did that you're just citing finds that the average family and these are mostly seniors or people getting close to retirement. they have lost in this is essentially we're talking about here. harris is their lifetime savings al

g>> joining us now is steve moore the most recent book. so has government ever not grown. >> good to be with you. take you for having me. it goes from the history from the bombing of the country and we have had that relentless growth but it is a good question in periods where government has retrenched in the answer is f yes. w so for the first 5100 years there wasn't much growth of government. we provided the postal service and provided national defense but not with all the social programs or the energy department. and then of course there were two or three things with the big increase of government one was the adoption of the income tax. and the constitution prohibited and income tax i believe it's a 16th amendment but don't quote me on that. and that enabled income tax. so yes they did and then of course you have the new deal were government got involved in new social programs that never really existed before. and any of the great society programs expanding the size and scope of government that there were periods where government fell ba

elizabeth: welcome to the show, economist steve moore. like whirlpool, good to see you. whirlpool, p&g, 2/3 of s&p 500, they increasingly warn inflation is eating alive consumer spending power. consumers power the u.s. economy. it is like americans need a detox from bad d.c. policies and their mess -- messaging. this democrats were honest they should run on this, tell the truth about what their policies create. what do you think, steve? >> oh, look, i couldn't agree more with you. you know the problem with this inflation is that it lingers. we've now had as you know, liz, seven to eight straight months of 8% plus inflation. it knit alleviating. we may see a minor, minor improvement in the inflation rate in numbers that come out in november, but it is systemic right now and the biden administration doesn't really have any solution to this and it also eats into real profits of companies, one of the reasons the stock market over the last year has been so negative. elizabeth: democrats have been in a cage fight with the truth about inflation.

let me start with you, steve moore, steve forbes, rather.n the money printing machines are going on, inflation is through the roof, not a peep. >> if they're concerned about bettering the people of the world they would support the british prime minister and chancellor exchequer, cutting taxes getting growth so people have more production, more prosperity, higher salaries. instead they go into the opposite direction, more austerity. when the u.n. says it is for the people of the world watch out. clutch what is ever left of your wallet. charles: i think that is indirect war on reaganomics. the power, elites, world economic forum, u.n., all of them are so afraid someone is putting reaganomics into place during a time of crisis, where we could be a year or two in the uk they are really afraid. >> because a loss of power. >> right. >> they want the power, even if people are in poverty they would rather have people in poverty, they have the power than the opposite. charles: u.n. real quick, i want to let the audience know what they're suggesting a

was a graduate of george washington university for but first i want to introduce our colleague steve moore her senior economist at freedom works.ts steve communicates our vision for growth economic agenda conducts a plenty of original economic analysis as well. you've probably seen him on tv. you probably read his columns. so that further ado here is steve moore. [applause] maxwell hello everybody. it is a real privilege to be here for this unveiling of this great new book. my first thoughts about this, what is it about omaha, nebraska that creates so many amazing businessar minds. you talk about war and a buffet of course and joe ricketts and of course and one hailing from nebraska been incredibly successful businessman. maybe controls with the secret is, david about that area of the country. this is such a really well-timed book given the economic massacre that's going on in this country over the last 18 months. the fact we have gotten so many of these policies that are supposed to be advancing the american dream but are achieving just the opposite. we are actually depleting the american

here is the founder of the committee to unleash prosperity, steve moore and former white house chief of staff reince priebus. steve, you and your group did an analysis about how if we stuck with the trump energy policies it would be $100 billion added to our gdp? >> that's right, sean. when i use to talk to donald trump about energy policy back in 2016 when he was first running for president, he always talked about we are going to make america energy independent. we are going to be selling the stuff and not buying it. at that time everybody in the media and the democrats laughed saying that would never happen. it did happen and what a difference 20 months makes. now because of biden's war on american energy, oil, gas and coal which we have more of than any other country, it is really pathetic that we have a president that has to go prostrate in front of the saudis and asked them to increase oil production when they did just the opposite. the bottom line from our study, we could be producing 3 million more barrels a day. that would be $100 billion a year. we wouldn't need to worry abou

that's an extraordinary leadership position, steve moore. extraordinary. to exceed in i remember in 82 that there is so much pressure to exceed the giant jackson crease and think god that it was canceled. congress wanted to cancel the tax cuts. that would have been disastrous. it couldn't have been hard for reagan to ascend. that they did pass a tax cut, but it was thankfully much smaller. and then do what they did in 86 was a really incredible accomplishment. you know raegan comes, in the tax rate is 57%, go down to 28%. you know u.s. talk about. this 15 and 28. how great would not be the go back to that. >> i was talking to the milton friedman of the time and i thought it was gonna walk into the seed and die who was so excited. because he said, i did this column for newsweek and i think it was in the early 70s just to start an argument on the flat tax he said, reagan's rates are only three points higher than i was trying to start. and the moon listen ecstasy. and they're just emphasize what you just. that the started the whole thing with the economic mir

joining me now freedom works senior economics, economic contributor steve moore. ght have heard hillary and you know the notion that republicans are going to make things worse. what do you say? what do you say because everyone knows inflation is a problem. recession looms large, what would be the alternative though? what would the gop change? >> well look, as someone who worked for trump i simply say the inflation rate during the entire trump presidency averaged about 2%, charles. and when trump left office in january of 2021 the inflation rate was 1 1/2%. now it is 8. what, 8.2, 8.3%. it is hard to blame that on republicans when democrats control every lever of power in washington, the house, the senate, the white house. the blame-shifting i don't think works very well. i think it is pretty clear to most americans with at least a seventh grade education when you borrow and spend four trillion dollars as the democrats have, by the way, yes, republicans voted for some of that spending too, you will have sure sunrises in the east, sets in the west, you will have infl

joining us to discuss this economist, steve moore.e would be somebody not in the camp we are already in a recession. by most traditional definitions, couples with three quarters of negative gdp and you are in a recession, which we had. anyway, i digress. there are serious warnings out there nonetheless. >> there are. what i heard goes to economists jamie timon and larry summers, what you think we are living in right now? come on, the last nine months the economy contracted but it does not just the loss of gdp. the average family has lost $4,000 in purchasing power last year. you see $10 trillion of losses in the stock market this year. employers having the hardest time getting people back to work. i could go on with these litany of problems. you have gas prices, sandra, heading back to $4.50, $5 a gallon. we are in a recession right now. maybe a year from now, come on, it is here. >> sandra: you can't blame these restaurants either. they don't want to sit down and see that the prices went up. and the customer say, hey, what are you do

additionally choose a culture of george washington university professor want to introduce colleagues steve mooregress that isfreedom works. steve communicates our vision for progrowth economic agenda and conducts original analysis well. you've probably seen him on tv and read columns so without further ado, here is steve moore. [applause] >> hello, it is a privilege to be here for this unveiling of this great new book. my first thoughts about this book, what is it about omaha, nebraska that creates so many amazing business mind click to talk about warren buffett and rick attend david -- all from nebraska incredibly successful so maybe you could tell us the secret about that area of the country. this is a well-timed book given the economic massacre going on in theic last 18 months in fact that we have so many policies that are supposed to be advancing the american dream but achieving the opposite. depleting the american dream and economic prospects for the growth of big government policies, almost as if joe biden has done the o opposite of what you suggest in the book. what is exciting to me abou

steve moore and robert waltz, thank you. >> why a crime at a level it hasn't been in 20 years?woke d.a.s who don't believe in putting people in jail. >> dana: republicans looking to turn the mid-terms into a referendum especially on public safety and democrats try to erase their ties to the defund the police movement. we'll ask lawrence jones. a deadly attack on the las vegas strip. who people killed in a mass stabbing spree. that's next. no, he's seizing the moment with merrill. moving his money into his investment account in real time and that's... how you collect coins. your money never stops working for you with merrill, a bank of america company. and i'm going to tell you about exciting medicare advantage plans that can provide broad coverage and still may save you money on monthly premiums and prescription drugs. with original medicare you are covered for hospital stays and doctor office visits but you have to meet a deductible for each, and then you're still responsible for 20% of the cost. next, let's look at a medicare supplement plan. as you can see, they cover the sa

my brother, steve moore similarly we've been in about every insurrection you can imagine here in washington. she's been married to steve all these years and deserves a hand for just that alone. [laughter] i'm sorry. judy shelton, great monetary expert and great friend of ours. both reagan and trump people and many in between the steadfast person of great principle. i want to begin with what steve forbes mentioned on our show a few moments ago which is important, the relationship between economic strength and home national security military strength abroad. sometimes it's characterized as weakness at home and weakness abroad but i think it's more properly characterized as strength at home as strength abroad. one leads to the other. to some extent, is perhaps less understood or underrated as a factor but you mentioned on our show as you always do, i want you talk about that because america is on defenses in the 1970s may be long before that but certainly in the 70s we forget the strength of soviet communism and forget the fact that not only did they have eastern europe and so forth but they i

steve moore, how long would it, take american energy companies to get up and running now?wouldr i would argue if i gave them a temporary reprieve, they're going to be very hesitant toliof invest the hundreds of millions of dollars to get get these things up and running because they're going to be like, all right, whaou going tt are you go shut it down again? when will you give in to the the the the radical climate cult in your own party? but if we really wanted to ratchet up production, how long would it take in this country? and by the way, i'll add onedd other thing, steve .nedd if the keystone xl pipeline was finished we finished, we'd be getting daily. nine hundred thousand barrelngs of oil from canada every day. . it ain't going to happen under this president , even if he made a declaration tomorroaw. gd okay, i changed my min, d. i don't think the energybelieve companies will believe him. is i mean, the one promise there is one promise that that joe biden actually kept. do you remember in that veryr in famous debate with with trump, biden said, i want to close down t

. >> joining us now on book tv is steve moore his most recent book a relentless growth of governmentmpowering our economy and our

steve moore, what are you focusing on on this report?ow many workers in the economy are getting jobs and i estimate by way of 5 million workers short of where we should be if we have participation rate of covid and the other thing we talk about month after month is what is going to have and we've been 8.5% maria and 5% wage growth and that continues month after month and workers are getting poorer. maria: yeah, becky, what do you see? we had surveys this morning and majority of americans say this economy is going in the wrong direction and they're going in the wrong direction and inflation of your thoughts. >> i agree with stephanie's opening with the soft opening and that's not necessarily bad for employers where we've been and retail high with warehouse transportation to signal what's ahead for holiday season, maria. maria: in terms of growth and that's the most important part of the r year for retail. right now and more on the market. >> the job market is strong and however we did see a signal in the last jolts report when you looked

steve moore, thanks for joining us tonight. >> yep.: jpmorgan's jamie dimon joins top economists mohammed el-erian and larry summers warning about a completely avoidable recession next year. house gop threatened to call in fbi director christopher wray if the gop wins back congress over delays in the hunter biden case. there are new wrinkles there. former deputy assistant attorney general tom dupree on "the evening edit" next. ♪ but asthma has taken enough. so i go triple... with trelegy. with 3 medicines in 1 inhaler,... it's the only once-daily treatment for adults that takes triple action against asthma symptoms. trelegy helps make breathing easier,... improves lung function,... and lasts for 24 hours. go triple... go trelegy. because asthma has taken enough. trelegy won't replace a rescue inhaler... for sudden breathing problems. trelegy contains a medicine that increases risk of hospitalizations and death from asthma problems when used alone. when this medicine is used with an inhaled corticosteroid,... like in trelegy,... there i

to steve moore on what he makes of this, former senior adviser to president trump. very smart man. erception becomes reality, and you're a great student of history. i'm reminded of george bush sr. in 1992 saying we're through the worst of it. ironically, he was proven right after the fact, but most americans didn't share that view and kicked his hinemy out -- hiney out of to value office. it's a different type of situation now, but could the administration be right to say we're getting through this? if it's falling on deaf ear9 nou make of it? >> well, neil, it's so interesting you would bring up that 1992 presidential election between clinton and george 46789w. bush because, remember, it was 30 years ago -- do you remember this, neilsome. neil: i do. >> it's the economy, stupid. and so, look, i think we are getting some good news. i love looking at your screen and seeing all that green. it's very good news for investors. the gdp report was a nice reprieve over the last, you know, prior six months. incidentally, if you look at the whole nine-month period from january 1st to where we

just a couple minutes of comments before i turn it over to my colleague steve moore who will be running the show tonight and that is in 1994 i was president of my university of college republicans and it was more than a dream, the son of the reagan revolution that dick armey would soon be the majority leader, phil gramm's canonic expertise along with leader armey's for a narrow window in my american political history would be a descendent in this town and while we have to be careful as historians not to dwell on the past, we can as we are in the brink of a red wave, i mean that philosophically, this year, that isn't merely about party registration, one party being in charge instead of another, it is about ideas that define us as a people, namely freedom flourishing, and this town and this government spending less money. it is a great privilege to have dick armey, dick armey, senator phil gramm who was thinking of running for a different office, he was in louisiana and i said this was before there was a red wave in louisiana, could you adopt this as our third senator, he said yes, keep d

historian said just a couple of minutes of comets before he turned over to my friend and colleague steve moore who really will be running the show tonight. and that is a 1994 i was president of my universities college republicans. it was more than a dream as a son of the reagan revolution, that dick armey would soon be the majority leader, that phil grams economic expertise along with leader army, police for a narrow window in american political history would be ascendant in this town. and while we have to be careful as the story is not to dwell in the past, we can as we are on the brink of a red wave, and a mean that philosophically not as a partisan this year, know that that isn't merely about party registration, one party being in charge instead of another. it is about the ideas that define us as a people, namely freedom, floor sheeting. and this town and this government is spending a hell of a lot less money than it does. so it is a great, great privilege to have dick armey, snore phil graham, one of my political mentors were ar couple of years later he was thinking about running for diffe

long as capital advisors ceo leo kelli, washington examiner tea and a low, freedom works economist steve mooredy, thank you so much for being here. it's not politically oriented the president says but he did ask opec to hold back on the production cuts until after the midterm elections, your thoughts. >> will get a release enough to counter seven days of opec petroleum cuts hardly what i would call solution to the problem, we continue to put the band-aids on massive open wounds and try to politicize it. this is a serious issue we need serious solutions this is not it. >> i just wonder how dangerous this is were at the lowest levels in terms of oil in the petroleum reserve since 1984 i thought the oil was supposed to be for crisis. >> were at the lowest level and when you listen to biden talk about energy, he keeps saying over and over again and doing everything that i can to reduce gas prices, that is a life. his first act of president was to kill the keystone pipeline, the infrastructure that you need is just not there right now. in the new look at what's happened with permitting, that is dow

by first introducing our colleague steve moore senior economist at freedom works. he communicates our vision for progrowthri agenda has original analysis. you have probably seen him onre tv or read his columns. [applause] hello everybody it's a privilege to be here for this unveiling of this great new book. my first thoughts what is this about, high nebraska with so many business minds talk about warren buffett and those healing from nebraska to be incredibly successful businessman to tell us a secret about that area of the country. this is such a well-timed book given the economic massacre going on in the country the last 18 months the fact we have so many of these policies that are supposed to be advancing the american dream achieving the opposite we are depleting the american dream and people's economic prospects and it's almost as if joe biden has done exactly the opposite of what you suggested and what is so exciting to me about this book is notn just recitation of all the problems that we have we have in the political class on both sides of pennsylvania avenu

herehere with reaction, former trump economist steve moore alon farmeg with former trump ae steve miller and former white house chief ofnd staff reince priebus. steve moore, we'll start with the economy heritage. foundation, a very credible organization. they estimate abouheri foundatth hundred dollars per household. and biden's inflation tax. how bad is the news today? >> horrible news.out sn and i waoos even surprised abouh how bad the the numbers were. this is nonumbw the ninth strait month that we've had plus eight percent inflation plus, by the way, another one of the biden's lies, the one that you just played earlier, sean was ai in when he said, i'm not going to tax people who make less than four hundred thousandan dollars short. inflation is a tax $4,000.. it's a tax on every single american in the country. y siand it is not transitory. it's not temporary. it' it's not going away. and the proximate cause of thiss is the four point $1 trillion of spending, borrowingll and printing money by bideion o he said this was going to causee a recovery. it hasn't done that. heand i tell you

clearly their fault they were warned we knew this was going to happen it wasn't just art laffer steve moorending this, these are obama clinic economists they have driven us into a hole don't want to take any blame. maria: i want to ask how it feels you are right predictions are preert dire from larry summers among here's but what is your take on irs now, announcing that its raising standard deduction, by 7% income thresholds tax rates take effect, because of inflation. >> obviously, you like to see people paying less in taxes, if thresholds are higher going to reduce if your income hasn't increased going to reduce taxes also will help fuel inflation will help fuel demand because people will be paying less in taxes have more money to spend, and so you are going to end up with same kind of problem as if government were spending government will take in less but people have that to spend i like that better than government spending but still going to fuel inflation. maria: how do you assess the backdrop right now you've got a new op-ed on fox news.com gop victory agenda with rein in radical poli

here's farmers trump economist steve moore along with steve miller and former white house chief of staff france previous. heritage foundation, credible organization, the estimate $7200 per household on the inflation tax. how about snooze today? >> it's horrible. i was surprised at how about the numbers were. this is the ninth straight month that we've had 8% inflation are more. another one of biden's lies, the one that you just played earlier shone, when he set a american tax people to make less than $4,000. sean, inflection is a tax! it's a tax on every single american in the country! it's not transitory, it's not temporary, it's not going away. the cause of this is the $4.1 trillion of spending, borrowing, and printing money by bud. he said it would cause a recovery but it hasn't done that. when i go to the grocery store or to the gas pump, people come up to me to get angry, they say, steve, what he see inflation's only 8%? people feel it's worse than that because the essentials that you have to buy are more than a percent higher. energy costs are up 20%. we saw a three month reduction

steve moore and former adviser to president trump. let's begin with you. what do you make of that. get what the transportation secretary is saying and evs are certainly attractive vehicles down the road, i get it. i don't think ready for prime time here and these incidents over the last couple of weeks over the utility problems in california and power outages in california and we've got to rereassess this. what do you think? >> i think you're both right. on the one hand there's a lotted more work to be done to get electric vehicles to get ready for prime time and at the same time this is the way of the future. this is something that we have to focus on and that's energy dependence and if the power goes out, it's going to be hard to pump gas because those gas stations are not just mechanical. it's electrical pumps that pump gas out of the tankers and bring it up to the nossle and if the -- nosle and if the u.s. and reaching out from places like putin's russia and iran and the past four weeks seen a brutal crackdown on human rights and we'd have a lot more options on the table and ev

steve moore, former economic adviser, trigonometry author and many other key insights.you can't force people to do something that even they can calculate on the back of a napkin doesn't add up. what do you think of this? >> i listened to that report and can't tell you how frustrated i am because a good tax system has a broad tax base and low tax rates and what has happened under biden is moving in the opposite direction, they want to raise the rates and create these loopholes in the tax system. mi in favor of people weatherize in their house? sure. good idea but i don't know why the taxpayer should have to pay for that in the form of drained revenue to the federal government so i don't like this stuff. weatherization is fine but all these credits and loopholes and special-interest privileges in the tax code make it a mess and makes it more complicated. i am a steve forbes guy, why not have a flat tax, get rid of this stuff. neil: that is something he champions all the time. that's the direction we move but it gets more complicated but let me ask you this about this envi

steve moore and austan goolsbee.stein on but sometimes i just want to scream because you can't get a word in edge wise and we don't have enough time or for you, either. take you through this quickly. i want to play call for number one. what he said the white house was doing in terms of white house actions on this issue. watch. >> the president released oil from the strategic reserve. that contributed to almost 100 days of gas declines. i mentioned our work on the supply side. inflation reduction act, lowering medical care costs and prescription drug costs, lowering the costs of clean energy. all of these are moving in the right direction. they take time to factor into these price indices. >> dana: steve. >> first i want to say, sandra, i was on fox business news the second day that network started. so it brings back good memories. biden came in spent, borrowed and printed $4 trillion. if you flood the zone with dollars and debt you'll have inflation. there is no plan right now to reduce all that excess spending that

steve moore was talking about today. do you feel wealthy or do you not?ay have shrunk to about one -- in other words, if you had $1 hundred thousand in your 401k it is down $34,000, more than 25% in less than one year. you have to think that lack of wealth impact has an effect on people and the decisions they make. >> dana: decisions who they vote for. a red hot senate race in wisconsin that could shape the balance of power on capitol hill. ron johnson facing off against democrat mandela barnes. senator jo johnson will join us live next. not just 80% like some typical loans. that extra cash can make a huge difference in these times of skyrocketing prices. here's more good news: home values have skyrocketed too. that means even more cash! take out an average of $60,000 to pay down your high-rate credit card debt, consolidate your second mortgage, personal loans, and car loans, and lower your payments by $600 every month. best of all, there are absolutely no upfront out-of-pocket costs with this loan. and even if you have credit concerns, give us a call. th

withoutho further ado it's alson equally great privilege to have steve moore back to the heritage foundation to welcome our distinguished fellow and i'll turn the program over to him. [applause] [inaudible] [laughter] thank you kevin for that kind introduction and i'm loving this new era at heritage. fantastic. his leadership has been amazing. we are going to have some fun today tonight and book him two c-span audienceie as well. dick armey is a legend. he's one of a few people who cut -- came to this town to make government smaller and not bigger. [applause] so we have, i just got this note from newt gingrich who as you all know the speaker of the house and the one with dick armey who engineered the republic revolutionn in 1984. i'd love to read this comment. it's really sweet. dick armey was invaluable as a creative dynamic energetic member when we are inn the minority and was a key part of the contract for america majority and extraordinary force for good ideas and a leader who helped reelect the house gop minority for the first time in 68 years of help develop the only for balanced budge

. >> host: steve moore, his most recent book is called "govzilla: how the relentless growth of government is devouring our economy and ourr freedom." thanks for being on booktv. >> guest: good to be with you again. >> if you are enjoying booktv then sign up for our newsletter using the qr code on the screen to receive a schedule of upcoming programs, author discussions, book festivals and more. booktv every sunday on c-span2 or anytime online at booktv.org. television for serious readers. >> welcome. i want to thank you for joining us today. i am cliff may, fdd founder and president and we are pleased to have you here today joining us this event, cohosted with the center for new american security. to mark the release of michael gordon excellent new book "degrade & destroy." because michael has had exceptional access to top u.s. officials and military commanders and because of his extraordinary firsthand reporting from battlefields he's produced a must read book on this historic conflict. we were very proud to have michael with us in-house at fdd while he was working on the book and we und

lead heing to 40-year highs inflation joining the conversation all morning leo kelly tiana lowe, steve moore your reaction everything is more expensive borrowing costs more sxef with fed raising interest rates numbers at 40-year highs the biden administration wants to raise taxes andrea mitchell okay with that. >> i take it personally i helped write the tax cut a fell on santa clarita prior to covid the best economy ever, what is fund-raising when i hear biden people say as said the other day economy was in a free-fall you will when biden came into office. that is a lie, the second half of 2020 maria, the economy grew by 20% we were booming, as buddy larry kudlow likes to say biden came into an economy that was high growth low inflation economy, he turned it into a low growth high inflation economy, so, yes, we should make those tax cuts permanent one of the elements of that plan, was to get rid of the state and local tax deduction, was basically a tax give away tos minister billionaires in california, new york, why why bring that back we got to get back to trump policies, same on energy by

steve moore, thank you for joining us today. good to see you. thank you so much for joining us. neil will be back and you can catch and you'll live weekdays, 1:00 p.m. eastern time, "the five" is next. ♪ ♪ >> judge jeanine: hello, everyone i'm judge jeanine pirro jessica tarlov, jesse watters, dana perino, greg gutfeld and it is 5:00 in new york city and this is "the five." ♪ ♪ we are 29 days before the midterms and democrats are in a full-blown panic when it comes to voters concerns over their top issues, inflation in the economy. it is typically not a good sign where moderate congresswoman thinks what her what reporting needs is a complete overhaul and break away from biden's deeply unpopular presidency. >> we need a new generation of. we need new blood period across the democratic party and the white house. i think the country has been saying that. but if the sitting president of the united states decides to run, we will support it. >> judge jeanine: no wonder dems itching to tom biden. the poles have biden under the water by 15 points on average in battleground states. the l

and this is what you can come to expect from an administration as steve moore pointed out just last weekw with no business experience. the average biden appointee has zero years of business experience. what are they trying to do? they're trying to boost people into a union, especially in non-right to work states. and flood democratic coffers with additional funds at the expense of all americans. maria: what does that mean in terms of jobs overall? you're putting people in a bad position at the end of the day. >> right. when this was put into place in california, you have 70,000 truck drivers who are independent contractors. they were given the choice between working or quitting their jobs. and essentially that's the perception, that's tim image being gi -- the image being givn to almost every american, who is a freelancer and who is an independent contractor. i mentioned truck drivers in california were overnight put out of business. if we apply that nationwide, that's 350,000 truck drivers who are forced to choose between taking on full employment status and losing their jobs. full empl

so you combine those forces together, a new study, steve moore just came out with a study saying averageirement loss is 25% over the past year-and-a-half since biden took office. 25% loss. that is $2.1 trillion. what do you say to the retirees or folks close to it? >> well you will have to cut back on spending, aren't you? that will help push us into recession. this is very much a hot political issue in my mind. we have midterms oning up on november 8th. so it behooves holder of these 401(k)s to vote in a manner that would help facilitate a bottom for the equity market, a bottom for the economy and a recovery by their retirement plans. i don't have to add who you should be voting for on november 8th, if you want to get out of the hole you're in right now as quickly as possible. david: michelle, investors can vote with the money. a lot of 401(k) holders are maybe not as sophisticated as you folks are but what should they do with their 401(k)s? sit back and wait for the storm to pass? should they get actively involved in moving some of their funds away from stocks? >> i think a lot will de

our friday monday team steve moore, austan goolsbee.nd of the week. austan, you are in poll position. how good are we or how weak are we? you're on. >> well, the gdp number was quite good. it was better than expected. it showed we were not in recession no matter what steve has been saying. i do think there are some dangers for sure, though, and any administration should be a little careful with getting out and bragging too much about one number. the feds raising interest rates at a rapid clip. while there were strengths there were also parts of the economy that depend on the interest rate like housing, like business investment, like consumer durable spending. those things showed weakness. so the chance of recession is definitely there. >> bill: all right. i think he is pretty fair, steve. show them. proverb at domestic investment down. spending on structures corporate wise down 15%. spending on homes down 26%. not what you want to see. steve, how good or bad are we? >> if the democrats want to take ownership of this economy they can hav

steve moore, thanks very much. we'll see you again soon, stephen. >> thanks, stuart. msnbc host claims republicans are falsely attacking president biden for price hikes. he -- lauren: ali. stuart: calling it the great inflation myth? really? lauren: yes. he explains. i will steal from joe concha, this is republicans bumper sticker, inflation is a problem. he is calling that a myth. >> joining me now to discuss this great inflation myth that i just talked about, what is at stake in next month's midterms is the veteran congresswoman brenda lawrence. i do not want to belittle anybody's experience with inflation. we're all feeling it. it has been transformed into something that republicans in particular running for congress are blaming joe biden and democrats for specifically when in fact there is no economic evidence or mathematical evidence or any kind of evidence that is actually true. >> it is absolutely not true. >> of course she said more. look, republicans are the single issue party. that is inflation. i don't know if that is true or not but i think they're accepti