steve moore, doug holtz-eakin.hy biden's illegal student loan cancellations will cost $1.4 trillion and jack up the inflation rate and markets absolutely crashing today, down over 500 points on the dow. we will report on that and dig into it but first up, our own madison alworth is live at columbia of the with the latest. good evening, madison, what have you got for us? >> reporter: good evening, larry. we have quite a bit going on. as you can see behind me protesters are lining the streets outside of columbia is because the campus we reported from yesterday over here to my left that is now closed down. that is after students took over one of the large halls there, going in and taking control there. i want to bring you some of that video from last night. so after midnight protesters broke into hamilton hall. that is where the dean and other administrators have offices. those students occupying the building within minutes after breaking glass and forming a human shield. columbia, it took them nearly 12 hours after t

let's go back to american action, whatever, doug holtz-eakin's, doug holtz's eakin -- >> american actionorum. larry: american action forum. joe biden's final rule costs are $1.37 trillion, $1.37 trillion. barack obama's, much more frugal, $303.1 billion. that's still a big number until biden came along. donald trump, 30.1 billion. all right? trump 30 billion. obama 300 billion, and biden 1.4 trillion. what does that tell you? that is disregard for free-market capitalism, that is emphasis on what newt calls big government socialism, top down, regulatory state, jamming stuff down our thoses that we don't want. that is all that is. you know what? that is why his economic polls are so terrible. people know all about this. they want to buy gasoline-powered car. they want to buy, buy an ev, fine, buy an ev, don't tell me i have to in the next five years. don't tell me you will spend trillions of dollars subsidizing student loan cancellations? really? people are, falkander, this great thought just occurred to me, people are smart, not stupid. the trouble with the bidens is, they think the avera

larry: john, regulatory stuff, let's just talk for a minute about that, doug holtz-eakin has put outs on regulations. president biden's final rule costs are expected to be 1.4 trillion, 1.4 trillion, in biden's. obama was a paltry 303 billion, bad enough. donald trump, 30 billion, pretty good. what do you make of that? >> exactly what you're saying about how well the american people did under donald trump is related to those numbers. when you add on these giant interesting aer regulatory burdn on the private sector you crush the ability of businesses to grow, crush businesses to hire people, crush ability of people to start new businesses. that is what happened under obama when it was just 1/5 of what biden has done. biden this is just the track record so far. imagine what he will do when he is a lame duck president if he gets reelected, it will be four times what he has right now. just this week they put on some regulations that the american action forum said they have never seen a week like this. they put on tailpipe emissions that cost something like $850 billion. they put in new

joining me now, american action forum president doug last holtz-eakin. -- [laughter] >> i don't know -- [inaudible] with winston churchill. [laughter] charles: the white house is trying to win another war though. before we get into the stuff on the drawing board because the american action forum does amazing work with its regulatory blitz, i just, you know, from inauguration day to april 19th we saw the staggering rules and stuff. and before we get to that, i want to ask you just your thoughts on what we're seeing, you know? you've got these tax proposals out there, you've got some other things. well, you know, what? met me -- i teased this, i might as well go with this for the audience because you put a lot of work into it. the 851 final rules, $1.4 trillion, let's call it, 267 million hours of pape paerwork. so at the end of the day, does the american public at least get a t-shirt for surviving this blitz? it just seems nuts. >> it is literally overwhelming to me. i've never if seen anything like this, you know, in one week they put out the same burden