Latest / The Ben Ferguson Podcast / "IT'S THE ECONOMY STUPID!" Biden team now warns you that prices will soar but its not their fault so,...DEAL WITH IT!

Transcript

"IT'S THE ECONOMY STUPID!" Biden team now warns you that prices will soar but its not their fault so,...DEAL WITH IT! · The Ben Ferguson Podcast

• 0:00
  Speaker 1: If you've noticed that prices are soaring right now, it
• 0:04
  Speaker 1: means you're awake and you actually are like dealing with
• 0:07
  Speaker 1: reality in this country now. If you're the Biden administration,
• 0:10
  Speaker 1: you're acting like this isn't happening. We're calling it Biden
• 0:14
  Speaker 1: inflation because the reason why we're dealing with extreme inflation
• 0:17
  Speaker 1: right now is directly because of the policies of the
• 0:20
  Speaker 1: Biden administration. How bad is it? Just take a look
• 0:24
  Speaker 1: at rent in this country right now. Rent is soaring
• 0:28
  Speaker 1: across America. It is a twenty percent jump in one year. Now.
• 0:36
  Speaker 1: The very first thing that jumped with inflation and the
• 0:39
  Speaker 1: prices that start to rise because of Joe Biden, and
• 0:42
  Speaker 1: I'm going to come back to rent in a moment,
• 0:44
  Speaker 1: was Gasoline. Now. A quick reminder, if you're listening to
• 0:47
  Speaker 1: this podcast, please make sure you hit the subscriber auto
• 0:50
  Speaker 1: download button and tell your friends about this podcast, share
• 0:54
  Speaker 1: this on social media, and if you would write us
• 0:56
  Speaker 1: a five star review to help us as Democrats have
• 0:59
  Speaker 1: been attacking our podcasts recently with battery views. Now, Gasoline
• 1:03
  Speaker 1: was the very first signal that we had a new
• 1:06
  Speaker 1: policy and a new president. They came in immediately shut
• 1:09
  Speaker 1: down drilling, shut down the Keystone Pipeline, and made sure
• 1:12
  Speaker 1: that Russia got really rich really quick. They made sure
• 1:14
  Speaker 1: that Saudi Arabia and Iran, in Iraq and all these
• 1:18
  Speaker 1: other Middle Eastern countries and OPEC, we're gonna make a
• 1:20
  Speaker 1: ton of money because they decided to go back to
• 1:23
  Speaker 1: the woke policy of green and alternative energy, the same
• 1:28
  Speaker 1: policy we had for eight years when we had skyrocket
• 1:31
  Speaker 1: and gas prices, which is one of the main reasons
• 1:34
  Speaker 1: why Donald Trump was elected after Obama's because people were
• 1:37
  Speaker 1: sick and tired of paying three four five dollars a
• 1:39
  Speaker 1: gallon gas depending on where you live around the country.
• 1:43
  Speaker 1: And as soon as Joe Biden got elected first, we
• 1:46
  Speaker 1: immediately saw instantly gas prices going up and then heating
• 1:50
  Speaker 1: prices going up. Now, the heating prices didn't go up
• 1:54
  Speaker 1: as fast as the gas prices, but now they're exactly
• 1:57
  Speaker 1: where we are with gas insane. Now we have rent
• 2:01
  Speaker 1: that has totally gone berserk. It's called runaway inflation, and
• 2:07
  Speaker 1: this runaway inflation is driving rents skyword across all of
• 2:12
  Speaker 1: Joe Biden's America, delivering an average of a twenty average. Okay,
• 2:16
  Speaker 1: that means that fifty percent are above the number that
• 2:19
  Speaker 1: I'm about to give you, which is an average of
• 2:21
  Speaker 1: a twenty percent increase in the US biggest fifty cities
• 2:25
  Speaker 1: over the past twelve months. A new study shows, now,
• 2:28
  Speaker 1: why are rent price going out Because the cost of
• 2:30
  Speaker 1: labor and maintenance and everything else have gone through the roof,
• 2:35
  Speaker 1: and so we are saying that people are having to
• 2:37
  Speaker 1: end labor costs are going through the roof, so people
• 2:40
  Speaker 1: are having to raise the price of rent. You've got
• 2:44
  Speaker 1: an average, meaning fifty percent of the US biggest fifty
• 2:47
  Speaker 1: cities have an increase in rent prices of more than
• 2:50
  Speaker 1: twenty percent. That is unsustainable. This is a tax on
• 2:53
  Speaker 1: your paycheck. It goes back to what I said five
• 2:56
  Speaker 1: months ago. If you made fifty thousand last year, you're
• 3:00
  Speaker 1: making forty five thousand this year in spending power. Basically
• 3:04
  Speaker 1: because of the price of inflation, the price of goods
• 3:06
  Speaker 1: and services going up. You're making five grand less this
• 3:10
  Speaker 1: year than you were last year, even if you have
• 3:11
  Speaker 1: the same salary, because your buying power has disappeared. Well,
• 3:16
  Speaker 1: think about your rent going up twenty percent. It's two
• 3:20
  Speaker 1: hundred dollars a month for every thousand dollars that you're
• 3:23
  Speaker 1: spending in rent, and in half of the places it's
• 3:26
  Speaker 1: more than a twenty percent increase now. At the same time,
• 3:30
  Speaker 1: the US Census Bureau statistics show that rental vacancy rates
• 3:34
  Speaker 1: during the fourth quarter of twenty twenty one actually fell
• 3:38
  Speaker 1: five point six percent because people are trying to grab houses,
• 3:42
  Speaker 1: but the housing prices have gone to the roof now.
• 3:45
  Speaker 1: To put that in perspective, that's the lowest since nineteen
• 3:47
  Speaker 1: eighty four, and the world's largest economy. The rent spike
• 3:52
  Speaker 1: has stung wallets nowhere more than in an area in
• 3:57
  Speaker 1: Florida called Miami, the Mi Miami Metro area, where the
• 4:02
  Speaker 1: medium rent surged to an eye watering two thousand, eight
• 4:06
  Speaker 1: hundred and fifty dollars. That's the median rent. That is
• 4:13
  Speaker 1: a forty nine point eight percent surge than the previous year.
• 4:18
  Speaker 1: You run an apartment last year, you're paying fifty percent
• 4:21
  Speaker 1: more for it this year. This is unsustainable other cities
• 4:24
  Speaker 1: across Florida right because people have been leaving these woke states,
• 4:28
  Speaker 1: getting to freedom states like Florida, leaving California, leaving New
• 4:33
  Speaker 1: York and New Jersey and Connecticut and all these other
• 4:35
  Speaker 1: woke places Tampa, Orlando, Jacksonville, and the Sun Belt destinations
• 4:42
  Speaker 1: of San Diego, Las Vegas, Austin, and Memphis all saw
• 4:48
  Speaker 1: spikes of more than twenty five percent during the time period.
• 4:53
  Speaker 1: So even Memphis, Tennessee, is up twenty five percent during
• 4:57
  Speaker 1: the time period of the last twelve months rent. That's
• 5:00
  Speaker 1: how much it's gone up. Now you look at poorer cities,
• 5:03
  Speaker 1: Look at Vegas. Okay, look at even Orlando, Jacksonville, Memphis.
• 5:09
  Speaker 1: When you have a twenty five percent rent increase, think
• 5:12
  Speaker 1: about what that does to poor people. How is that sustainable?
• 5:18
  Speaker 1: The warnings, by the way, are now coming, and the
• 5:21
  Speaker 1: warnings are that we are teetering on the edge of
• 5:23
  Speaker 1: disaster because you're about to make people homeless, not because
• 5:26
  Speaker 1: they can't afford to rent a place in general, not
• 5:29
  Speaker 1: because they don't have a job, but because they can't
• 5:31
  Speaker 1: afford the rent as the rent is going up, because
• 5:34
  Speaker 1: their pay is not keeping up. You may have a job,
• 5:38
  Speaker 1: you may have a job where you're making decent money,
• 5:41
  Speaker 1: but if your rent's going up twenty five percent, you're
• 5:43
  Speaker 1: gonna have to move. So you're either going to have
• 5:46
  Speaker 1: to go to a higher crime, higher poverty area, or
• 5:50
  Speaker 1: even a smaller place if you can find it, but
• 5:54
  Speaker 1: it's unsustainable. Rent prices going up twenty five percent. If
• 6:01
  Speaker 1: you're a Democrat, you should really be upset about this,
• 6:04
  Speaker 1: because the Democratic Party says they're gonna make life easier
• 6:07
  Speaker 1: for you. Was your rent twenty five percent up in
• 6:10
  Speaker 1: the last year during any year of Trump's presidency. The
• 6:13
  Speaker 1: answer is no, why. Because he understood the economy and
• 6:17
  Speaker 1: he understood how it works. He understood that inflation is bad.
• 6:20
  Speaker 1: He understood that the number one way that you can
• 6:23
  Speaker 1: help people, the number one way that you can help
• 6:27
  Speaker 1: people is by making sure that you have no inflation
• 6:32
  Speaker 1: and by also making sure that you have affordable gas prices.
• 6:38
  Speaker 1: Let's go back to gas real quick, and what we
• 6:40
  Speaker 1: were talking about just a moment ago, with natural gas,
• 6:43
  Speaker 1: heating oil, petroleum products in general. When you start taking
• 6:50
  Speaker 1: an extra dollar a gallon out of people's paychecks, out
• 6:53
  Speaker 1: of their pocket when they go to fill up, that
• 6:56
  Speaker 1: is one of the worst things you can do for
• 6:58
  Speaker 1: a family living paycheck to paycheck. It's one of the
• 7:01
  Speaker 1: hardest things for people to figure out how to compensate
• 7:04
  Speaker 1: for it, how to deal with it. And then you
• 7:08
  Speaker 1: do that, and then you raise the rent twenty percent
• 7:10
  Speaker 1: or twenty five percent or fifty percent, like you are
• 7:12
  Speaker 1: in Miami. You can't afford to survive. You can't even
• 7:15
  Speaker 1: survive at this point, forget living. It's we're now in
• 7:17
  Speaker 1: full blown survival mode. And this is exactly what's happened
• 7:20
  Speaker 1: because of Biden inflation. Boston, by the way, has now
• 7:25
  Speaker 1: nearly overtaken San Francisco as a nation's most expensive rental market,
• 7:30
  Speaker 1: with a twenty seven percent increase in costs with properties
• 7:35
  Speaker 1: with two bedrooms. Yeah, the Biden administration has failed to
• 7:40
  Speaker 1: tackle high and rising inflation and now has pushed consumers
• 7:44
  Speaker 1: to a point where they're breaking, especially the poorest. Let's
• 7:47
  Speaker 1: look at New York City. Even in New York City,
• 7:50
  Speaker 1: as people ran away from that city because of all
• 7:52
  Speaker 1: their COVID measures, rent price of increased twenty two point
• 7:56
  Speaker 1: eight percent year over year. Los Angeles saw a bit more,
• 8:00
  Speaker 1: they cool down because of high crime and high poverty,
• 8:03
  Speaker 1: and people leaving so fast from LA because of their lockdowns.
• 8:07
  Speaker 1: But even in LA, fourteen percent increase year over year
• 8:10
  Speaker 1: in rent prices. All as prices for gasoline, use, cars,
• 8:17
  Speaker 1: food and other goods are continuing to skyrocket. We're not
• 8:20
  Speaker 1: talking about a little like three percent increases, two percent increases,
• 8:23
  Speaker 1: five percent increases your paycheck, And there's a very good
• 8:27
  Speaker 1: chance if you made fifty grand last year, your buying
• 8:29
  Speaker 1: power this year will be under forty thousand with these
• 8:32
  Speaker 1: inflationary increases. Across the fifty largest US metro areas, medium
• 8:39
  Speaker 1: rent rose in astonishing nineteen point three percent from December
• 8:43
  Speaker 1: twenty twenty December twenty twenty one. So if you take
• 8:47
  Speaker 1: out the top fifty cities and you go to these
• 8:50
  Speaker 1: you know media, you go to these other cities, you're
• 8:52
  Speaker 1: still looking at nineteen point three percent increase. So you
• 8:57
  Speaker 1: add rising rents and high inflation are moving hand in
• 9:01
  Speaker 1: hand to become more of the nation's top economic disaster.
• 9:03
  Speaker 1: It's not even a problem anymore. It's a disaster. The
• 9:07
  Speaker 1: Labor Department data, which covers existing rents as well as
• 9:10
  Speaker 1: new listings, showed much smaller increases, they said, but they said,
• 9:14
  Speaker 1: well they are picking up. Rental costs rose zero point
• 9:17
  Speaker 1: five percent in January from December, the Department said last week.
• 9:20
  Speaker 1: That was the biggest single increase in twenty years and
• 9:23
  Speaker 1: will likely accelerate even as the Biden administrations trying to downplay,
• 9:26
  Speaker 1: So in just one month your rent costs again. You
• 9:30
  Speaker 1: rent an apartment in December compared to January, you're paying
• 9:33
  Speaker 1: a half a percentage point more for rent to fifty
• 9:37
  Speaker 1: dollars increase on a thousand dollars apartment was a thousand
• 9:41
  Speaker 1: last one thousand and fifty next month of the eleven hundred,
• 9:47
  Speaker 1: biggest single increase in twenty years, and they admitted the
• 9:52
  Speaker 1: Labor Department admit it will likely accelerate throughout the year.
• 9:55
  Speaker 1: Quote without a lot of rental vacancy that landlords are
• 9:57
  Speaker 1: accustomed to having. That gives them some pricing power because
• 10:01
  Speaker 1: they're not sitting on empty units that they need to fill.
• 10:04
  Speaker 1: But you also have a problem with people that are
• 10:06
  Speaker 1: just not able to afford houses right now because too
• 10:08
  Speaker 1: much of their money is going to basic needs and necessities,
• 10:11
  Speaker 1: including putting gas in their cards. One expert said. Now
• 10:15
  Speaker 1: economists are worried about the impact of rent increases on
• 10:19
  Speaker 1: inflation because the big jumps and new leases feed into
• 10:24
  Speaker 1: the US Consumer Price Index, which is used to measure inflation.
• 10:30
  Speaker 1: Inflation right now is the point that I think most
• 10:32
  Speaker 1: people can't even comprehend it. Inflation jumps seven point five
• 10:37
  Speaker 1: percent in January from a year earlier. That's the biggest
• 10:39
  Speaker 1: increase in forty years, forty years, four decades now. If
• 10:46
  Speaker 1: you think they're going to figure out how to make
• 10:47
  Speaker 1: things better, they're not. Let me go back to what
• 10:52
  Speaker 1: was said by Kamala Harris. She has come out the
• 10:56
  Speaker 1: same people that shut down the Keystone Pipeline, the same
• 10:58
  Speaker 1: people that got rid of our energy independence. What is
• 11:01
  Speaker 1: allowed for prices to skyrocket, the same exact people that
• 11:06
  Speaker 1: made it possible for Russia to make more money than
• 11:09
  Speaker 1: ever before off of oil and gas, and those in
• 11:11
  Speaker 1: the Middle East that our enemies are now warning Americans
• 11:16
  Speaker 1: of higher energy costs if Russia invades Ukraine. Vice President
• 11:22
  Speaker 1: Kamala Harris acknowledged Americans will face higher energy costs in
• 11:26
  Speaker 1: the event of Russian President Vatamir Putin sending troops in Ukraine,
• 11:30
  Speaker 1: citing the punishing sanctions that we need to have to
• 11:34
  Speaker 1: prepare for it when it happens. A sentence that she
• 11:38
  Speaker 1: said in response to a basic question also barely made
• 11:41
  Speaker 1: any sense at all. I'm going to read you her
• 11:44
  Speaker 1: response to a question before I play it, because otherwise
• 11:46
  Speaker 1: you're going to be totally lost. She was asked about
• 11:50
  Speaker 1: what Americans can expect, and people in America are becoming
• 11:53
  Speaker 1: angry over energy prices. And this is her actual response,
• 11:57
  Speaker 1: and then I'll play it for you, she said. And again,
• 12:00
  Speaker 1: try to decipher what she's saying here, because it's very
• 12:03
  Speaker 1: hard to do. Quote. When America stands for her principles
• 12:08
  Speaker 1: and all of the things that we hold dear, it
• 12:10
  Speaker 1: requires some times for us to put ourselves out there
• 12:15
  Speaker 1: in a way that maybe we will incur some costs.
• 12:20
  Speaker 1: I'm sorry, what so, therefore, you're gonna not have energy independence.
• 12:26
  Speaker 1: You're not going to open up the Keystone pipeline to
• 12:28
  Speaker 1: protect America. You're just going to say, incur the costs.
• 12:32
  Speaker 1: That's your response to rising inflation and what's happening in
• 12:35
  Speaker 1: Russian Ukraine. Listen as a reporter asked a question, and
• 12:39
  Speaker 1: this is a response from your vice president. Can you
• 12:42
  Speaker 1: explain to Americans what exactly will they face if this happened. Sure,
• 12:45
  Speaker 1: as the President talks about in his speech, we are
• 12:49
  Speaker 1: aware that again, when America stands for her principles and
• 12:54
  Speaker 1: all of the things that we hold dear, it requires
• 12:58
  Speaker 1: sometimes for us to ourselves out there in a way
• 13:02
  Speaker 1: that maybe we will incurse some cost, and in this situation,
• 13:06
  Speaker 1: that may relate to energy costs, for example, but we
• 13:09
  Speaker 1: are taking very specific and appropriate, I believe, steps to
• 13:14
  Speaker 1: mitigate what that cost might be if it happens. If
• 13:19
  Speaker 1: it happens, mitigate the costs. All right, So could you
• 13:22
  Speaker 1: become more energy and dependent? Could you say at this point, hey,
• 13:24
  Speaker 1: we need to reopen up the Keystone pipeline and we
• 13:27
  Speaker 1: need to fight and lower the prices to make sure
• 13:29
  Speaker 1: that Russia, while they're invading, isn't have a bunch of
• 13:31
  Speaker 1: money to do it with. Could that be part of it?
• 13:35
  Speaker 1: I mean, we just sent the vice president to stop
• 13:38
  Speaker 1: a war because apparently the president doesn't know how to
• 13:41
  Speaker 1: do that on his own. And the vice President is
• 13:44
  Speaker 1: at Munich in the security conference, and she's there and
• 13:46
  Speaker 1: she's going to try to stop a war, and she said,
• 13:49
  Speaker 1: the war in Ukraine may drive up energy costs. Here.
• 13:52
  Speaker 1: We have no plan to change or alter or anything
• 13:54
  Speaker 1: we're doing in America. You're just going to have to
• 13:56
  Speaker 1: deal with it. America. When America stands for her prints,
• 14:00
  Speaker 1: suppose and all the things that we hold dear, it
• 14:05
  Speaker 1: requires sometimes trust to put ourselves out there in a
• 14:09
  Speaker 1: way that maybe we will incurage some cost and in
• 14:12
  Speaker 1: this situation that may relate to energy costs. That may
• 14:16
  Speaker 1: relate to energy costs. All right, so let's back up
• 14:19
  Speaker 1: just for a second here and be clear. She is
• 14:22
  Speaker 1: admitting that the policy that we're having right now is
• 14:24
  Speaker 1: going to hurt Americans, and we have a way to
• 14:27
  Speaker 1: fix it or fight back, but we're deliberately not doing it,
• 14:30
  Speaker 1: and we're going to impose a significant fine on Americans
• 14:37
  Speaker 1: so that Russia can make more money because we refuse
• 14:40
  Speaker 1: to do the responsible thing, which is to be energy
• 14:42
  Speaker 1: independent right now when we actually need the price of
• 14:44
  Speaker 1: all to go down, not just because of inflation in
• 14:46
  Speaker 1: this country, but also to hurt Russia. Russia is able
• 14:51
  Speaker 1: to do what they're doing right now because they're making
• 14:53
  Speaker 1: record dollars off of their gas. Remember we allowed him
• 14:56
  Speaker 1: to have a pipeline going to Europe and while when
• 14:59
  Speaker 1: we shut down our pipeline. Now, that's the same woman
• 15:03
  Speaker 1: that wants you to believe that we're gonna have, you know,
• 15:06
  Speaker 1: imposed significant and unprecedented sanctions on Russia, which I don't believe,
• 15:12
  Speaker 1: and you are going to pay for it. We're not
• 15:14
  Speaker 1: going to change our policy to make the Russians pay no, no, no, no, no,
• 15:18
  Speaker 1: You're gonna pay for Russia's actions in Ukraine. You as Americans,
• 15:23
  Speaker 1: are gonna pay for this. Now. To be clear, I
• 15:26
  Speaker 1: understand America making sacrifices, and sometimes we spend money to
• 15:30
  Speaker 1: protect ourselves in the world, right in an act of war,
• 15:34
  Speaker 1: if we have to buy airplanes and missiles and AMMO
• 15:37
  Speaker 1: and guns and train to military and build up and
• 15:39
  Speaker 1: all those things. After nine to eleven, I understand incurring
• 15:42
  Speaker 1: that expense. We're not going to war with anybody. Russia's
• 15:47
  Speaker 1: going to war with Ukraine, and we're going to be
• 15:49
  Speaker 1: punished financially because we refuse to do the responsible thing
• 15:54
  Speaker 1: and become energy independent. They refused to admit they've made
• 15:57
  Speaker 1: a mistake. It would be easy for this admitrustration to
• 16:00
  Speaker 1: come out, and it would be easy for this administration
• 16:03
  Speaker 1: to say, we've got to change things right. We have to,
• 16:06
  Speaker 1: We've got to do things differently here. We're gonna we're
• 16:09
  Speaker 1: gonna make sure that we don't allow them to make
• 16:12
  Speaker 1: a lot of money off of us because of our
• 16:16
  Speaker 1: policy decisions. We could do that. We could have that conversation,
• 16:22
  Speaker 1: you know, even Politico and the and the woke people
• 16:24
  Speaker 1: on ABC this week they were having a conversation about Biden,
• 16:28
  Speaker 1: and they are now having to admit what I've been
• 16:30
  Speaker 1: telling you and what the American people are feeling like.
• 16:33
  Speaker 1: They're having to admit that when Biden said inflation was temporary,
• 16:37
  Speaker 1: it's not, and it's only gotten worse since he said it.
• 16:39
  Speaker 1: As you know, Democrats, a lot of them have been
• 16:41
  Speaker 1: frustrated with, you know, President Biden going out there and
• 16:44
  Speaker 1: saying inflation is quote transitory, like it's just temporary, it's
• 16:47
  Speaker 1: going to go away, and it's been months now, it's
• 16:49
  Speaker 1: only gotten worse. You know, there was an interview, you know,
• 16:52
  Speaker 1: just a few days ago where he attacked Lester Holt,
• 16:54
  Speaker 1: calling him a wise guy. If we're just asking questions
• 16:57
  Speaker 1: that American voters, whether they be Democrats, independence or publicans,
• 17:00
  Speaker 1: are asking, is what are you going to do about inflation?
• 17:03
  Speaker 1: And so he does have to do things for frontliners
• 17:05
  Speaker 1: who are up in twenty twenty two and who are
• 17:07
  Speaker 1: saying we need to tout our accomplishments like infrastructure, what
• 17:10
  Speaker 1: we've done so far with the pandemic. But he's really
• 17:13
  Speaker 1: got to be careful not to sound tone deaf like
• 17:15
  Speaker 1: he has for the past several months when it comes
• 17:17
  Speaker 1: to this inflation issue. But you know the music, I
• 17:20
  Speaker 1: love this tone debt. He is absolutely tone debt. I
• 17:24
  Speaker 1: don't think he cares, or maybe he doesn't even know.
• 17:28
  Speaker 1: You want to compare it to Donald Trump. Representative Jason Smith,
• 17:31
  Speaker 1: but it this way when he was asked about inflation.
• 17:34
  Speaker 1: Right now, Democrats have been focused on their partisan agenda
• 17:38
  Speaker 1: while the check engine light of the Biden economy has
• 17:40
  Speaker 1: been on and flashing bright. Inflation rose faster and Joe
• 17:45
  Speaker 1: Biden's first year in office than President Trump's entire first term.
• 17:50
  Speaker 1: Democrats first denied inflation existed. You denied today and said
• 17:55
  Speaker 1: that it's only temporary in some cases, and then dismissed
• 17:58
  Speaker 1: it as transitor. Even members of this committee like you,
• 18:02
  Speaker 1: mister Chairman, said panicking over inflation was uninformed and mistided.
• 18:08
  Speaker 1: Economist warned for months of the impact that reckless government
• 18:12
  Speaker 1: spending would have on inflation. What did Democrats do they
• 18:15
  Speaker 1: spend two trillion dollars in the President's bell out bill.
• 18:19
  Speaker 1: He's right, it's a member of Congress saying this, but
• 18:23
  Speaker 1: this is the present. It's like, oh, it's gonna be fine.
• 18:25
  Speaker 1: And I think it's because he doesn't care. I really
• 18:28
  Speaker 1: do you know. Senator Warren, by the way, is trying
• 18:31
  Speaker 1: to do a Jedi mind trek on you right now.
• 18:33
  Speaker 1: She actually said that this is not the policy fault
• 18:37
  Speaker 1: of the Biden administration, even though everybody now is clearly
• 18:40
  Speaker 1: admitting that it is. She actually slammed companies for raising
• 18:44
  Speaker 1: prices and saying, well, we shouldn't let them quote hide
• 18:46
  Speaker 1: behind inflation, acting like inflation isn't real. Now, either she's
• 18:51
  Speaker 1: willfully ignorant or totally incompetent, or flat out stupid, or
• 18:57
  Speaker 1: she's just a liar. Because Democrats somehow believe that they
• 19:00
  Speaker 1: can always turn the hard working people that create things
• 19:04
  Speaker 1: and create companies and the bad guys. Every time they
• 19:06
  Speaker 1: need to dunk on somebody to get out of jail,
• 19:09
  Speaker 1: they're like, well, let's just blame big business or big
• 19:11
  Speaker 1: tech or big industry or whatever it is, right, let's
• 19:15
  Speaker 1: just blame them all. And I guess this is what
• 19:18
  Speaker 1: they're going to run on. Well, this is really the
• 19:20
  Speaker 1: problem of the private sector because they're hiding behind a
• 19:24
  Speaker 1: little bit of inflation. How much is it. It's more
• 19:26
  Speaker 1: inflation than we've seen in the last forty years. I
• 19:29
  Speaker 1: turned forty this year. In my entire lifetime, we've never
• 19:33
  Speaker 1: seen inflation like we've seen it right now, seven point
• 19:36
  Speaker 1: five percent inflation the last year alone. And what did
• 19:39
  Speaker 1: Senator Warren say, Well, it's really the companies that are
• 19:42
  Speaker 1: raising the prices. We shouldn't let them hide behind inflation,
• 19:46
  Speaker 1: which is just not true. Now, you might think inflation
• 19:51
  Speaker 1: would also be bad for companies, after all, an increase
• 19:54
  Speaker 1: in the cost of doing business would likely eat into
• 19:57
  Speaker 1: a company's bottom line, but this is not happening. In fact,
• 20:01
  Speaker 1: the CEOs of some of the biggest companies have been
• 20:05
  Speaker 1: bragging to their investors that inflation has created a terrific
• 20:09
  Speaker 1: opportunity for them to boost profits. Take the grocery chain Kroger.
• 20:16
  Speaker 1: Kroger has seen its business boom during the pandemic, with
• 20:20
  Speaker 1: its stock price rising nearly forty percent over the past year.
• 20:24
  Speaker 1: By the way, you want to know why, and this
• 20:26
  Speaker 1: is the part that really irks me. Kroger's profits have
• 20:31
  Speaker 1: gone up and their stock has quote boom because people
• 20:35
  Speaker 1: can't afford to go out and drive around and eat out.
• 20:38
  Speaker 1: People are going the grocery store and they're having to
• 20:41
  Speaker 1: pay premium for the food they're getting and the prices
• 20:43
  Speaker 1: of meat and all these things have gone up, and
• 20:45
  Speaker 1: so they've been able to make more money because they
• 20:47
  Speaker 1: have more people shopping now than they had before, Fewer
• 20:49
  Speaker 1: people going out, which means you're eating home more, which
• 20:52
  Speaker 1: means you need more food at home to cook. It's
• 20:54
  Speaker 1: not hard to figure this out. But no, no no, no,
• 20:56
  Speaker 1: its Witheth Warren wants you to hate Kroger. Kroger CEO
• 21:00
  Speaker 1: recently told investors that, quote a little bit of inflation
• 21:04
  Speaker 1: is always good in our business end quote. It is
• 21:09
  Speaker 1: because when the price of goods go up and people
• 21:11
  Speaker 1: stop going out to eat, they buy more food at
• 21:13
  Speaker 1: the grocery store to cook at home. If you've ever
• 21:17
  Speaker 1: taken any lesson in economics and Elizabeth Warren, I have
• 21:20
  Speaker 1: a feeling, is not this dumb? She would know that.
• 21:23
  Speaker 1: That is why he's saying inflation is good for our business.
• 21:27
  Speaker 1: Kroger's business, any grocery stores business is going to be
• 21:30
  Speaker 1: better when inflation is going up because that means that
• 21:33
  Speaker 1: people are staying home more, they're doing more things from home.
• 21:37
  Speaker 1: So any business that makes money from people staying home
• 21:41
  Speaker 1: during inflation, that it's going to increase their profits because
• 21:45
  Speaker 1: they have more customers buying more stuff because they're not
• 21:49
  Speaker 1: going out. So, doctor Bouchet, would you agree that it's
• 21:52
  Speaker 1: easier for companies like Kroger to raise prices in an
• 21:56
  Speaker 1: inflationary environment because consumers are general really aware that prices
• 22:01
  Speaker 1: are going up, and that lets companies hide behind inflation
• 22:06
  Speaker 1: to expand their profits. This is the this is your expert.
• 22:10
  Speaker 1: This is the woman that's supposed to be fighting inflation
• 22:12
  Speaker 1: who doesn't understand how inflation is good for a grocery
• 22:16
  Speaker 1: store because it changes the buying patterns of Americans the
• 22:20
  Speaker 1: way that I just described it. Now, She's also not
• 22:23
  Speaker 1: stopping there. She's going after Elon Musk, saying, what's you know?
• 22:27
  Speaker 1: Elon Musk is Tesla CEO. He didn't pay any taxes.
• 22:31
  Speaker 1: Not true, by the way, Elon Musk has a multi
• 22:34
  Speaker 1: billion dollar anticipated tax bill for twenty twenty one. But
• 22:40
  Speaker 1: she's angry because she's claiming he paid zero taxes. Take
• 22:44
  Speaker 1: a listen to part of this conversation from Fox on
• 22:47
  Speaker 1: this issue. War rages on between the white man and
• 22:49
  Speaker 1: the Native American. Elon Musk now firing back a Cherokee
• 22:53
  Speaker 1: princess Elizabeth Warren over her calls to seize his wompum.
• 22:57
  Speaker 1: It started Monday when the Massachusetts Democrat tweeted, quote, let's
• 23:03
  Speaker 1: change the rim tax code so the Person of the
• 23:06
  Speaker 1: Year will actually pay taxes and stop stop freeloading off
• 23:10
  Speaker 1: everyone else. Yesterday Musk replied, please don't call the manager
• 23:15
  Speaker 1: on me. Senator Karen adding if you opened your eyes
• 23:19
  Speaker 1: for two seconds, you would realize I will pay more
• 23:21
  Speaker 1: taxes than any American in history this year. So is
• 23:26
  Speaker 1: taking more of Elon Musk's money and putting it in
• 23:29
  Speaker 1: the hands of government Bureaucrat's the answer to America's problems.
• 23:32
  Speaker 1: The answer is, of course, if you're a Democrat. Yes.
• 23:35
  Speaker 1: But when Tesla's CEO fires back at Elizabeth Warren who
• 23:39
  Speaker 1: claimed that he paid zero taxes in two thousand and eighteen,
• 23:41
  Speaker 1: and he says, no, no no, no, I'm gonna pay more
• 23:43
  Speaker 1: taxes than any of the American in history, she said.
• 23:46
  Speaker 1: Warren said on Sunday, Elon Musk in two thousan eighteen,
• 23:49
  Speaker 1: we've actually seen your tax returns. Do you know how
• 23:51
  Speaker 1: much he paid in taxes one of the richest people
• 23:53
  Speaker 1: in the world. Zero, she goes, Musk paid no federal
• 23:56
  Speaker 1: income tax in two thousand and eighteen, Musk reportedly lives
• 23:59
  Speaker 1: off loans he takes from Tessela's shares that he owns
• 24:02
  Speaker 1: through stock options. Must responded to a Twitter post that
• 24:07
  Speaker 1: quoted part of Warren's claim, but admitted the reference to
• 24:10
  Speaker 1: twenty eighteen. You know how much Eli Munths paid in
• 24:12
  Speaker 1: taxes one of the richest people in the world. Zero
• 24:15
  Speaker 1: is what she wrote. We'll visit i RS next time
• 24:18
  Speaker 1: I'm in DC. Just say hi, since I paid the
• 24:20
  Speaker 1: most taxes ever in history for an individual last year.
• 24:22
  Speaker 1: Must replied, maybe I can have a cookie or something.
• 24:26
  Speaker 1: But Senator Warren's got to keep pushing this narrative out
• 24:29
  Speaker 1: there that it's all the problem of the rich people.
• 24:33
  Speaker 1: That's the problem. For twenty twenty one, must said he
• 24:36
  Speaker 1: anticipated spending more in taxes than some countries make in
• 24:40
  Speaker 1: a year. He will pay over eleven billion dollars eleven
• 24:46
  Speaker 1: billion dollars, Bloomberg News is reporting, and he could face
• 24:52
  Speaker 1: a bill of more than ten billion if he exercises
• 24:56
  Speaker 1: stock options as well this year. Bloomberg News or that
• 25:00
  Speaker 1: the sum could be the largest individual payment to the
• 25:03
  Speaker 1: IRS and history of the IRS. Oh, but Elizabeth Warren
• 25:08
  Speaker 1: wants you to believe the Elon must an evil rich
• 25:10
  Speaker 1: person and it's his fault in Kroger's fault that the
• 25:13
  Speaker 1: prices of goods are going up. Can't be their fault. No, no, no, no, no,
• 25:17
  Speaker 1: can't be Nasdac, by the way, recently publish a report
• 25:22
  Speaker 1: that listed countries with a projected lowest gross domestic product
• 25:25
  Speaker 1: in twenty twenty one. Guess what he's going to pay
• 25:30
  Speaker 1: more in taxes than the GDP in South Sudan, Somalia, Mozambique.
• 25:39
  Speaker 1: Mozambique's projected GDP as thirteen point nine six billion in
• 25:45
  Speaker 1: twenty twenty one. Musk said, stop projecting, He wrote in response,
• 25:51
  Speaker 1: linking to a twenty nineteen opinion piece from political consultant
• 25:54
  Speaker 1: Bradley Blackman, which classifies Warren as a fraud following her
• 25:58
  Speaker 1: claims of Native American history. Just reminding her of how
• 26:02
  Speaker 1: full of crap she actually is. Now, I go back
• 26:06
  Speaker 1: to the point I was saying a moment ago about
• 26:08
  Speaker 1: Biden inflation. This is a disaster. One of the best
• 26:12
  Speaker 1: headlines was this Biden inflation. Consumer prices surged seven percent
• 26:18
  Speaker 1: worse since nineteen eighty two. US inflation out of control
• 26:24
  Speaker 1: of the highest level in nearly forty years in December,
• 26:26
  Speaker 1: underscoring the high and rising inflation that has been the
• 26:29
  Speaker 1: hallmark of the first year of Joe Biden's presidency. The
• 26:33
  Speaker 1: hallmark folks like, this is everything, This is where we
• 26:37
  Speaker 1: are in inflation, it's everything. You can try to screw
• 26:42
  Speaker 1: with us right now. Biden's economic advisor even was so stupid.
• 26:47
  Speaker 1: She at a forum two days ago said this about inflation,
• 26:52
  Speaker 1: think more about that. But we know that we need
• 26:55
  Speaker 1: to get inflation under control. There was no question about it.
• 26:58
  Speaker 1: I think that the number one way the president needs
• 27:01
  Speaker 1: to be focused on, and we all need to be
• 27:03
  Speaker 1: focused on, is getting this pandemic under control. Because this
• 27:06
  Speaker 1: is all driven by the pandemic. Oh, yes, gotta be
• 27:09
  Speaker 1: the pandemic. Can't be lack of energy independence, No, no no,
• 27:12
  Speaker 1: let's blame it all on COVID. It's amazing how we
• 27:14
  Speaker 1: just got full circle. Right, So it's not. And then,
• 27:17
  Speaker 1: and here's my question to the left, So is it
• 27:19
  Speaker 1: Elizabeth Warren slamming companies for raising prices? Is it corporate
• 27:22
  Speaker 1: America and greed? Because Biden's economic advisor just contradicted her
• 27:27
  Speaker 1: saying no, no, this is all driven by the pandemic.
• 27:29
  Speaker 1: And remember you can always go back right and just
• 27:33
  Speaker 1: blame everything on COVID. Now, did COVID shut down the
• 27:36
  Speaker 1: Keystone pipeline, No it didn't. COVID did not shut down
• 27:43
  Speaker 1: the Keystone pipeline. Did COVID stop the drilling off shore?
• 27:46
  Speaker 1: No it didn't the least thing of off shore drilling.
• 27:49
  Speaker 1: No it didn't. So COVID didn't do that. Here's my
• 27:53
  Speaker 1: other question. Why is inflation not what it is in
• 27:56
  Speaker 1: other countries compared to America right now? If everybody dealt
• 27:59
  Speaker 1: with a pandemic. You know, Democrats have no idea how
• 28:05
  Speaker 1: to answer these questions. I'll give you an example. Democrat
• 28:10
  Speaker 1: Representative Clark was asked about inflation and her response was,
• 28:15
  Speaker 1: and this is a real response, is not Saturday Night Live.
• 28:18
  Speaker 1: She decided to talk about a woman getting her home
• 28:21
  Speaker 1: weatherized through the American Rescue Plan. So you paid for
• 28:26
  Speaker 1: some woman's home to get winter weatherized, winterise right sealed up.
• 28:31
  Speaker 1: You paid for that listend. So so back to the
• 28:34
  Speaker 1: initial question, do your constituents feel that any progress is
• 28:38
  Speaker 1: being made to address these really significant issues like rising inflation.
• 28:45
  Speaker 1: Let me tell you about a woman that I met
• 28:47
  Speaker 1: just a few days ago named Susan who, through the
• 28:50
  Speaker 1: American Rescue Plan had her house weatherized and this was
• 28:55
  Speaker 1: critical to her reducing her energy costs. She is all,
• 29:00
  Speaker 1: I mean, right there, any decent reporter would jump in
• 29:04
  Speaker 1: and go, I'm sorry, I'm not gonna let this like.
• 29:07
  Speaker 1: There's millions of Americans that are watching right now, and
• 29:10
  Speaker 1: you're gonna tell me that the American Rescue Act helped
• 29:13
  Speaker 1: a woman get her home weatherizes through the American Rescue
• 29:17
  Speaker 1: Plan and so her heating costs her down. So don't
• 29:19
  Speaker 1: worry about inflation. That's your response. That's the story you're
• 29:24
  Speaker 1: gonna say, is a member of Congress, as a Democrat
• 29:27
  Speaker 1: Representative Clark, who is supposed to be looking at for
• 29:30
  Speaker 1: the people, This is the best answer you've got right now.
• 29:33
  Speaker 1: Be saving fifty dollars each and every month because of
• 29:38
  Speaker 1: this weatherization. By the way, all right, let's just take
• 29:41
  Speaker 1: her number at face value. This woman she's talking about
• 29:44
  Speaker 1: who was able to weatherize her house for the American
• 29:46
  Speaker 1: Rescue Plan is same fifty dollars a month on her
• 29:48
  Speaker 1: costs for heating and AC and everything else. If her
• 29:53
  Speaker 1: rent went up twenty percent average, maybe even thirty percent,
• 29:57
  Speaker 1: depending where she lives. Or forty percent, depending on where
• 29:59
  Speaker 1: she lives. Does the fifty dollars fix the problem? Because
• 30:03
  Speaker 1: that's what you're implying, is that you guys have figured
• 30:05
  Speaker 1: this out through weatherization of homes. If she goes to
• 30:08
  Speaker 1: the grocery store and she can't afford groceries, does it
• 30:11
  Speaker 1: matter if she saved fifty dollars at home on weatherizing
• 30:15
  Speaker 1: your house? This is your answer. This is how out
• 30:18
  Speaker 1: of touch the Biden team and all the congress and
• 30:21
  Speaker 1: centers are around them. Well, there's a woman that weatherized
• 30:23
  Speaker 1: your house and say fifty dollars a month, So that
• 30:25
  Speaker 1: should fix all your problems. That is exactly the work
• 30:29
  Speaker 1: that we're doing. Let's put the American family and the
• 30:32
  Speaker 1: challenges they're facing front and center. That is the challenge
• 30:39
  Speaker 1: that we're tackling. Okay, I'm glad to know that this
• 30:43
  Speaker 1: is what I can expect from you. Weatherize your house, folks,
• 30:47
  Speaker 1: and that's it. Just weatherize your house. This is why
• 30:54
  Speaker 1: these elections coming up are going to be so important.
• 30:58
  Speaker 1: This is why all make sure you download or podcasts
• 31:01
  Speaker 1: or hit that auto download subscribe button so you can
• 31:04
  Speaker 1: listen to show each and every day. Please share this
• 31:06
  Speaker 1: episode on social media so more people can hear it
• 31:10
  Speaker 1: and expose the Biden administration for what they actually are.
• 31:12
  Speaker 1: And I'll see it back here tomorrow