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are paying diesel. the president wants to suspend that through september. he needs congressional approval to get it done, however. members of both parties are a bit skeptical. >> dana: jason chaffetz echoed concerns of republicans who say it won't address the real issue. >> it's a pure gimmick and does not solve the problem at all. it really doesn't. we have a supply problem and the president has no plan other than to go to the saudis, cut some gas tax, tap into the strategic petroleum reserve, all of which are bad ideas. produce the energy at home and they can solve the problem. ...

Would let them. call off the war against the american energy industry. >> bill: not going to happen, larry. not going to happen with this team. >> you think? you think? i keep waiting for them -- look, we all know the fed is tightening and they are going to keep on tightening. this is just really the beginning of that story. we're either in the front end of a recession or we're in a recession, okay? the outlook for the economy is not good. we know that, too. the stock market is telling you again i think this morning. the point i'm making is why not some pro-growth measures, okay? as i say, go ...

Market value. >> why the markets are up in the first place? they're optimistic that this president will goose the economy. >> on this day we scored a 51st record close for the dow. more than any other full year in history. you get the idea. fair stuff and balanced stuff, the regulation stuff, the stuff that wall street likes, even as i pointed on the personal behavior and the outbursts, it did not. not the way to win friends if the white house. the only way to cover the white house, even if it means never getting an interview with this president and even if it means never asking for one in the...

Past and done events with them. so -- >> so. >> i am a libertarian radical on this regulation stuff, to put it nicely. no. but i think, look, i think most americans, their relationship with the epa comes more from fuel standards that may make their cars less efficient and their fuel more expensive or things like the coal regulations that make it tougher to get a job in the area. their relationship with the epa is not the same as a college-educated ivy league kid who is panicky about climate change. the question with climate change is not the adherence to whether it's true or not but what the g...

>> jared, what do you make of both right now in the short term but also this is a longer term trend of corporate profits going up and becoming a larger share of gdp and wages stagnant and go down? where does that trend come from and how do we reverse it? >> first of all, that's not a particularly new story. it has a lot to do -- >> exactly. >> it has a lot to do with the inequality of income or wealth or wages that's been an important and disturbing factor in the economy for a few decades. what we're seeing here is an economy that once again is bifurcated. what growth achieved and the economy ...