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401(k). the cover on "the new york post" says it all. if you talk about traditional ways of saving money in the average workplace because usually there is a matching fund with 401(k). on average, the average american lost -- over the last 1.5 years because of what is happening with the market. everywhere you look. it is a huge percentage of people savings. the more you have, the more he lost. >> steve: the average 401(k) down 30 -- 25% in one year which literally makes it at 301k. if you had $300,000 in a 401(k), you have lost on average by "the new york post," $75,000. keep in mind, things ha...

Of the prompter and it's going to feel like things are great. i want to ask you about this prematureness of it. remember, transient last year? everyone in the white house said it was transient. first it was a high class problem and then a high class problem and then russia. this is the mistake they're making. >> yeah, we would be -- we have a new study for unleash prosperity that finds that if we would just continue with the trump policies, we would have three million more barrel as day. if we produced three million more barrels a day, that would be $300 million a day the united states would b...

Economy, maybe the job has been done for them. maybe they don't need to tighten interest rates. we'll get a 75 basis point hike. for people that don't follow the fed, it means that interest rates on everything. if you want to buy a car or a house, it will go up if they raise rates. should they stop? >> i think the fed was way behind the curve. i think i said this on your show six months ago, the fed should have been rating rates before we got inflation so out of control. remember, nine months ago, everybody said inflation was transitory. it wasn't transitory. it was and high class problem. we ...

U.k. at 9%. so this is a global inflation issue that has been affected by things like the aggression in ukraine that were hard to predict. >> sandra: this is america and we have shown historically -- we are able to tackle inflation when we take the right steps. and let me just ask you something, gene. how can we be assured this is a white house that's going to take this supply chain crisis, this inflation crisis seriously when the president's own chief of staff ron klain in october referenced the supply chain crisis as a high class problem. does the white house see it as a problem for everyday...

Game. pin it on greedy corporations for hiking prices too much. that just doesn't add up. to show voters he's on top of the problem, mr. biden needs to do more than blame someone else for high prices. but what he was asked the other day if he shoulders any of the blame, he said no, my policies have helped, not hurt. >> the problem, john, the issue of inflation, the damage is done. so, the issue, if you look at the data and when inflation started to go up, it was after the 1.9 trillion american rescue plan passed in february of last year. that's when inflation took off. show almost immediately ...