maria: it is reality you said it with a smile, we like that art laffer joining us this morning, thankreak. >> thanks, maria. maria: not guilty igor danchenko acquitted on four counts making false statements to the fbi, the cof truth social blew open the study years ago going to tell his reaction to the not guilty verdict don't miss it you are watching "mornings with maria" live on fox business. . eloro resources is rapidly advancing its world class silver tin project in southern bolivia with a current 80,000 metre drill campaign. eloro is well financed and primed for a giant discovery. eloro resources with my hectic life you'd think retirement would be the last thing on my mind. hey mom, can i go play video games? sure, after homework. thankfully, voya provides comprehensive solutions and shows me how to get the most out of my workplace benefits. what's the wifi password again? here you go. cool. thanks. no problem. voya helps me feel like i've got it all under control. because i do. oh she is good. voya. well planned. well invested. well protected. millions have made the switch from

art laffer returns to the program by popular acclaim.ight, art, does this mean we're headed into a recession in the first quarter of next year? >> i love your american built show too and watch it frequently and love it. stu: quite frequently, what's wrong with you? you've got to be addicted to the thing. >> that's past my bedtime, i have to record it, stuart, and i can play it in the morning and as a morning show, it's not quite the same as the evening but i watch it a lot. stu: okay. >> but goldman sax is make ago forecast -- goldman sachs is make ago forecast and if inflation persists the rates will go higher and higher and higher and there's only one piece of really good news for inflation and that's not goldman sachs' forecast, that's the election prospects that are coming along, but the fed head is not going to change, cabinet is not going to change, we have all the bills passed with all the delayed spending sitting there. i don't see anything that tells me that inflation is over and that we're ready to have a dip in inflation and c

called then some prominent economists to have a conversation about that plan and so we brought in art laffernd steve forbes and i think jack kemp was there and they were huddled on the couch in the office and we're sitting across then dick armies first statement was gentleman, there has not been as much brainpower on that couch since i slept there alone. [laughter] >> now we will hear from dick army. one of the greatest majority leaders in the house of representatives. [applause] >> i just want to make two points. and that this is the most unique institution of representative democracy in the history of the world. and i was so privileged to be a part of it. i learned to love the institution and learn to love the people who love the institution. and those with whom approval i coveredro it was senator burke in west virginia. but i love senator byrd the way he loved the institution and in wanted him to remember me someone who did honor to the institution. i like to believe that i succeeded. when i came there the institution was run by regular order. the democrats are evil. we knew that. but a t

about right now speaking of the annual valid i discussion club in moscow, let's listen to what mr. laffer off has to say. you ation with a throne from iran values should have said to a comprehensive answer was given the security council of the un by representatives of iran and the russian federation. i think it's probably just probably got more about on the glove. i didn't stop one . you don't really watch the theater until you come back. that was the federal law to put it on for the building that more. 1 but it's pretty documents. i mcculla me, me, you could show cold, cold peace emerge. now do you see the prospects have a so called cold, please? now, for which you are considering the information from that we have a receipt, you know, with one year information from the label sources that dirty bomb explosion can be planned in your crane with the input from when you think of some problems as the fusions or all that information was responded by our minister of defense it to counterparts from the united states, kentucky, france, and turkey and britain. and when we have that can contact us b

they work incredibly hard what are things you laffer by covering this hosting this program over the last >> i think, for 20 years now most shows that i work on all do a version of tapping the country on the shoulder hey what about him her get a load of this take away this season last season to tell the truth the degree to which every industry we feature is desperate to hire. and i don't say it lightly i don't want to overstate it i don't think i can overstate it i have never seen workforce like this before never seen it impacting the most essentially industries like it is right now. i am not telling anything you don't know but before pandemic, there were four million fewer on jobs than right now. maria: that is right. >> now we have four million fewer people in the workforce than we did two years ago, so very weird mirror image, and it is kind of casting a very frightening reflection. >> what skills training do they have mike? we've talked a lot arguing about merit of a college education, many of the workers you are talking about have been trained, specifically for those skills. >> yeah

our fault clearly their fault they were warned we knew this was going to happen it wasn't just art lafferve forbes finding 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

it is now down 13.5% turning now to discuss is nancy tengler of laffer tengler and ivan feinseth of tigressod morning, frank >> ivan, don't say good morning. don't worry about it >> great to be on with nancy and talk about the two important companies. >> you are under stating that. i'll ask the same question nancy, you first is this a buying opportunity or should investors be concerned about the growth of the companies long term? >> frank, you now, that is the question i've been thinking about it much of the night and anticipating my wake-up call this morning. i think this if you went back to 2008 and 2009, i just have to remember two purchases. one was starbucks and the other was disney if you bought either company then disney at $18 and starbucks at $4.50, it felt like a dumb thing to do. you would be up in line with the market about 450% for starbucks, i'm sorry for disney, and $2,000 for starbucks. it is a long htime horizon i think amazon's problems are usual. consumer growth is cyclical problem with the recession i think the question is the cloud. we heard weakness from microsoft and

until we brought in art laffer and i think it was steve forbes. i think jack kemp was there or someone. the three of them are huddled on this couch. we are kind of sitting across from them and dick's firstsa statement as gentlemen, he said there's not been this much brainpower on that couch i slept there alone. [laughter] that's classic. now were going to hear from dick armey one of the greatest majority leaders in the history of the house of representatives, dick armey. it. [applause] [cheering] >> thank you all. i just really want to makebo two points. the first is about the house of representatives. i came to know and understand that this is the most unique institution in the cause of liberty and representative democracy in the history of the world. and i was so privileged to be a part of it. i learned to love it, the institution i learned to love the people who love the institution. one of the people who recurs in my book and one of the few people with whom i served whose approval i coveted facet of the bird from westng virginia. but i love se

joining me laffer-tengler ceo, cio, nancy tengler in studio! great to see you.o far, right? for me we didn't get, we got some big warnings but we didn't get a bunch of warnings. i always wonder if we don't get those maybe companies are not doing as bad as we think? >> i think you're right, charles. if you look who reported what they told us about guidance, it has been pretty positive. it is just like, last quarter we had the same thing. so companies did better than expected. that is almost every quarter. charles: right. >> this environment it is super important. i'm quite pleased what i have seen. j&j's earnings were good. goldman's guidance and earnings was good. those are in our 12 best idea portfolio. i was keenly interested in that. charles: i can imagine. what is interesting to me, everyone is saying so far it's early that the consumer is okay. so far, they haven't run out of money. goldman says they still have 20% of their excess cash. i still don't know what the hell that is. savings is savings. there is no extra savings. nevertheless 20% left. they have

joining the conversation all morning long is columnist and fox news contributor, liz peek and lafferangler invest cio, nancy tengler. liz, yesterday, joe biden said the economy is strong as hell. i don't know what he was talking about while he was eating ice cream yesterday. he continues to mid-lead. your reaction? >> it is really tragic to me. i think what we've seen under president biden is just a string of lies about the economy, about inflation, and yay, he is complete -- and maria, he completely torched his credibility with the american people. that poll you showed about 33% wanting to vote for him, i'm actually surprised it's that high. if you look at almost every demographic segment he is underwater with everybody, old, rich, poor, young, west coast, south. you look at the various segments of the country, nobody supports this be president because they know he's not credible. he doesn't have the right policies. and he continues to not tell the truth to the american people. that's a pretty bad combination. maria: i mean, that's what gets me, the constant misleading of the americ

really prominent economists to have a conversation with dick about that plan and so we brought in art laffer and i think it was steve forbes, and to think like jack kemp was a period the three of them were huddled on this couch and armies office and kind of sitting across from them and take armies for statement, he said gentlemen, said, there has not been as much a brainpower on that couch since i slept there alone. [laughing] classic dick armey. now we're going to hear from dick armey, the great, maybe one of the greatest majority leaders in history of the house of representatives, dick armey. [applause] >> thank you. thank you all. i just really want to make two points. the first is about the house of representatives. i came to know and understand that this is the most unique institution in the cause of liberty and representative democracy in history of the world, and i was so privileged to be part of it. i learned to love it, the institution. i learned to love the people who loved the institution. one ofid the people whose president recurs in my book and one of the few people with whom i

nancy tengler ceo of laffer-tengler and paul hickey.e to a bottom, right? >> i do, charles, i do believe inflation peaked in june. there is a great chart produced by strategas, there is inflation looks since 1951. -- during the rise and fall period. we 16 months below 2% inflation to above 9% and now it looks like we started a trajectory down. it is not a straight, it is not a straight slope. we'll see some increases but generally speaking i think that the data is in favor of inflation slowing and then institutions are just so pessimistic, they have allocated to equities at a level lower than they were in 2008. so those are two things that give me hope among some pretty decent earnings. charles: okay. i want to bring paul in because he has three positives he says nobody is talking about. paul, walk us through those. >> yes. so in the short-term earnings season is coming up. analyst sentiment in the earnings season, pace of negative revisions over the past month. only been three quarters going back to 2009 where we see a higher pace of n

economists to to you know to to have a conversation with -- about that plan and and so we brought in our laffer. and i think it was steve forbes. and i think like jack kemp was there or someone answered the three of them are huddled on this couch in army's office, and we're kind of sitting across from him and a -- army's first statement as he said gentlemen. said there is not been as much brain power on that couch since i slept there alone. all right. here from -- army the great one of the greatest majority leaders in the history of the house of representatives -- army. thank you. thank you all. i just really want to make two points. the first is about the house of representatives. i came to know and understand that. this is the most unique institution in the cause of liberty and representative democracy in the history of the world. and i was so privileged. to be part of it. i learned to loveth the institution. i learned to love the people who loved the institution one of the people. whose president recurs in my book and one of the few people with whom i served whose approval i coveted. was sen

and as art laffer made this really interesting comment, he says without data, any theory be true, rightithout data, any theory be true. so what did we find when we went back and looked at our 18 data sets? well, we found that they were all up here. every one of them were up there. resources were growing faster than population was growing. so if you do find something in that red zone, it's probably something being controlled by the government. the supply and or the demand is being controlled by government and it's becoming maybe less, less abundant. but everything else seems to have this this increasing abundance. see, now we recognize that past performance does not guarantee future results, but past performance is pretty good and we got this stack of data that says, look, we should be pretty confident, confident in the future that when you population and freedom, you can expect this kind of flourishing of of abundance. now alexandria said is it okay to have children and when you answer question with absolute absolutely there's never been a time on the planet we don't want her to yell we