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>>195364Imagine if we had had Biden for 4 more years, we'd be paying 7, 8 dollars a gallon for gasoline.
How about the fact that Trump truly is the blue-collar president.
You look at what's happening with manufacturing, construction, virtually all-time highs in terms of job creation, in terms of output by our construction and manufacturing industry, great news for middle-class workers.
How about the fact that if you look at people's 401(k) plans, and as you know, we've got something like 120 million American families that have 401(k) plans and other retirement plans.
Those are up, just since Trump came into office for a second term, up $25,000 in value.
By the way, they fell - those plans fell in value under Joe Biden.
How about this one, that they revised upward the GDP, both for the previous quarter and this quarter.
We're running at 3 and a half to 4 percent.
Those are blockbuster numbers.
Those are numbers that almost no other country can report on.
So overall, I'm going to rate this a B+ economy.
Yes, inflation is a problem, but all these other things that nobody's talking about are so universally positive.
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Mark Levin: Let's talk about inflation, the problem.
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Steve Moore: Yeah.
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Mark Levin: It's a lot lower than it was just 2 or 3 years ago, isn't it?
Steve Moore: Yes.
Yeah, now this is a really important point.
If you take the average inflation rate per year under Biden, it was 5%.
The average inflation rate since Trump has taken office is 3%.
Now it's running at about 3.4%, but I'm here to tell you, as soon as we bring that oil price down, you're going to see prices fall rather dramatically.
So that's a big difference.
5% inflation under Biden, 3% inflation under Trump, and yet the Democrats are saying, "put us back in power, we're going to lower the inflation rate."
Now, maybe another point about this, because it's very important, and we chatted about this previously, but it's more important now than ever.
Where is inflation worst?
Which states have the highest energy prices, gas prices, electricity prices, housing prices?
9 of the 10 states that are most expensive to live in.
Ready for this, Mark?
9 of the 10 states with the highest cost of living are blue states.
California, New York, New Jersey, my home state of Illinois, Connecticut, Massachusetts.
Now, wait a minute, we're gonna put these people in power and they're gonna lower your prices?
I don't think so.
They can't do it in their own states.
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Mark Levin: They never tell us how they're gonna lower prices, and I don't think they can, Steve Moore, because they're the ones who kept driving prices up.
And as a matter of policy, they should be thrilled with the price of a gallon of gasoline, because as you point out, they wanted it at 7 or 8 dollars a gallon, and if they get back in office, does anybody actually think they're gonna tolerate us as the number one producer of oil in the world at this record level?
No, they're not gonna tolerate that.
They're gonna clamp it all right down, and I wanna pursue that with you when we come back.
We'll be right back....
...Welcome back, America.
Steve Moore, I'm trying to figure out exactly how the Democrats are gonna lower the price of anything.
When you look at these Democrat states you're talking about, 9 out of 10, the prices are higher than anywhere else.
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