Latest / The Ben Ferguson Podcast / BIDENFLATION SOARS and it seams JOE, could care less! To make matters worse now wages are going DOWN, AND food prices are sky rocketing!!

Transcript

BIDENFLATION SOARS and it seams JOE, could care less! To make matters worse now wages are going DOWN, AND food prices are sky rocketing!! · The Ben Ferguson Podcast

0:00
Speaker 1: Bidenflation. It is real, it's documented, and it's getting extremely
0:06
Speaker 1: painful for every American, no matter if you're rich or poor, conservative, liberal,
0:12
Speaker 1: or don't even know what you are. How bad is it.
0:16
Speaker 1: The cost of driving, which is pretty much essential in America,
0:20
Speaker 1: is accelerating faster than any sports car. Not just because
0:23
Speaker 1: gas prices are now up sixty percent from last year.
0:29
Speaker 1: And why is it up sixty percent? Because you had
0:31
Speaker 1: a present that swore if he came in, he would
0:34
Speaker 1: undo every single thing that Donald Trump did to give
0:36
Speaker 1: us energy independence. And that is exactly what Joe Biden did.
0:41
Speaker 1: The price of new cars and trucks have jumped a
0:44
Speaker 1: seasonally adjusted one point four percent in October and another
0:49
Speaker 1: one point two percent in November. That's incredible. That means
0:53
Speaker 1: you're talking about thirteen percent jump year over year if
0:57
Speaker 1: we keep up with these numbers. Data from the Department
1:01
Speaker 1: of Labors Consumer Price Index showed that on Friday, we
1:06
Speaker 1: are headed in the wrong direction like we've never seen before.
1:09
Speaker 1: Compare with a year ago, prices are up for just
1:11
Speaker 1: new cars eleven point one percent. That's the fastest annual
1:15
Speaker 1: pace of inflation for vehicles since nineteen seventy five. If
1:20
Speaker 1: you buy a fifty brand new automobile a year later,
1:23
Speaker 1: that car is going to cost you fifty five thousand
1:26
Speaker 1: dollars and change. Yes, that's where we now are in
1:31
Speaker 1: this country. That's not the only place that you're seeing
1:34
Speaker 1: a massive hike For a lot of Americans. New cars
1:37
Speaker 1: are not an option for many people that have low wages.
1:41
Speaker 1: You buy use cars. That's where you save money, not anymore.
1:47
Speaker 1: Use car prices are up way more than new car prices.
1:52
Speaker 1: How much more is it you ready for this number?
1:57
Speaker 1: Thirty one percent year over year. So now if you
2:02
Speaker 1: buy a car, whether it's newer use, you're paying a
2:06
Speaker 1: significant amount of money for it compared to use a
2:09
Speaker 1: year ago, and you also are having to pay for
2:12
Speaker 1: the gas that goes in it. It's terrible. In fact,
2:18
Speaker 1: there has not been a double digit increase in vehicle
2:21
Speaker 1: inflation since the nineteen seventies. The consumer Price index rose
2:27
Speaker 1: six point six point eight percent in November, the highest
2:29
Speaker 1: rate of inflation in nearly four decades. The cost of
2:33
Speaker 1: goods apart from food and energy rose nine point four
2:38
Speaker 1: percent on an annual basis. The price of durable goods
2:43
Speaker 1: those I expected to last three years or longer skyrocketed
2:49
Speaker 1: fourteen point nine percent. That's the fastest pace on record
2:54
Speaker 1: since nineteen fifty seven when they started keeping that index.
3:00
Speaker 1: Even the monthly gains are extraordinary. Prior to this year,
3:03
Speaker 1: vehicle prices had never risen by more than one percent
3:09
Speaker 1: for two consecutive months. Let me just say that again.
3:12
Speaker 1: Prior to this year, vehicle prices newer use had never
3:16
Speaker 1: risen by more than one percent for two consecutive months
3:19
Speaker 1: since the early nineteen eighties. That's when we were dealing
3:23
Speaker 1: with inflation under Jimmy Carter and the aftermath of his presidency,
3:26
Speaker 1: before Ronald Reagan try to get things under control. In fact,
3:31
Speaker 1: they only rose by more than one percent in a
3:34
Speaker 1: single month since two thousand and nine, when they saw
3:38
Speaker 1: a price jump after the Cash for Clunkers program kicked
3:43
Speaker 1: off and it took a bunch of used cars out
3:46
Speaker 1: of circulation. It was stupid. There weren't enough used cars,
3:50
Speaker 1: which meant the price of used cars went up. Thank you,
3:53
Speaker 1: Barack Obama's cash for clunker's stupid program, which by the way,
3:58
Speaker 1: had no impact on our economy the way they claimed
4:03
Speaker 1: it was supposed to, and it had no impact on
4:06
Speaker 1: green and alternative fuel right that they claimed it was
4:10
Speaker 1: going to do you turn in these cars. They thought
4:13
Speaker 1: you're going to buy green cars. Didn't happen. Use car
4:16
Speaker 1: prices are accelerating even more. As I mentioned, the price
4:19
Speaker 1: index for use cars and trucks jumped two point six
4:23
Speaker 1: percent in November alone. Think about it. You went shopping
4:25
Speaker 1: for a car January one, and then you went shopping
4:28
Speaker 1: for a car January thirtieth, and the price that car
4:31
Speaker 1: went up two point six percent, bringing the annual increase
4:36
Speaker 1: to thirty one point four percent this year. Apart from
4:40
Speaker 1: this summer, when inflation pushed prices up forty five percent
4:44
Speaker 1: year over year, This the highest gain since nineteen seventy five.
4:49
Speaker 1: Use car prices have now been showing year over year
4:53
Speaker 1: increases of more than twenty percent for seven months in
4:58
Speaker 1: a row, the longest running bout of use car inflation
5:00
Speaker 1: ever recorded, all because of Joe Biden. When used car
5:05
Speaker 1: prices jumped last spring, Federal Reserved Chairman Poal and Biden
5:10
Speaker 1: we're quick to claim the price increases with increases would
5:14
Speaker 1: be short lived or even reverse in the months ahead,
5:17
Speaker 1: and when used car prices dipped in August, the Federal
5:21
Speaker 1: Reserved chairman Poal was quick to declare victory, saying, quote,
5:24
Speaker 1: used car prices, for example, appear to have stabilized. Indeed,
5:28
Speaker 1: some price indicators are beginning to fall. If that continues,
5:32
Speaker 1: as many analysts predict, the used car prices will soon
5:34
Speaker 1: be pulled. We'll be pulling it measured inflation down, as
5:38
Speaker 1: they did for much of the past decade. Pale set
5:40
Speaker 1: in the speech in August at the Kansas City FEDS
5:43
Speaker 1: Annual Monetary Policy Conference in Jackson Hole. Has it turned
5:48
Speaker 1: out it was the opposite? Yes, it was short lived,
5:53
Speaker 1: and yes it's gotten worse since then. Now again, the
5:59
Speaker 1: question is who do you blame for this? Now there's
6:02
Speaker 1: some people say, Ben, why do you have to blame
6:04
Speaker 1: it on anybody? It's a fair question. Why do you
6:06
Speaker 1: have to blame it on anybody? Because there are people
6:10
Speaker 1: that are making decisions, and there are people that are
6:12
Speaker 1: doing things, and there are people that are doing these things,
6:15
Speaker 1: and it's affecting your life. So it is a real
6:19
Speaker 1: conversation that we should all have a conversation about. It's
6:23
Speaker 1: a real conversation that is affecting everyone's life. Is it
6:26
Speaker 1: said earlier? It doesn't matter if you're conservative and it
6:29
Speaker 1: doesn't matter if you're liberal, it doesn't matter, if you're independent,
6:31
Speaker 1: doesn't matter if you vot or if you don't vote. Okay,
6:36
Speaker 1: it doesn't matter. I want to make that clear. It
6:40
Speaker 1: doesn't matter. This is bad for everyone, and someone needs
6:49
Speaker 1: to figure it out now. The facts are also very clear,
6:56
Speaker 1: and the facts are this right now in this country.
7:02
Speaker 1: This is exactly what we knew was going to happen
7:06
Speaker 1: with the policies that were announced by the Biden administration.
7:10
Speaker 1: The Biden administration made it clear we were not going
7:12
Speaker 1: to be manufacturing in this country like we did before.
7:16
Speaker 1: They made it clear that what we did with the
7:18
Speaker 1: Keystone Pipeline would never happen again, and they shut it down.
7:23
Speaker 1: They said, we are not going to be energy independent,
7:28
Speaker 1: and now we know what happens when you do that.
7:32
Speaker 1: We knew beforehand, but now you're living it. We knew
7:35
Speaker 1: what was going to happen when you shut down an
7:37
Speaker 1: entire economy, and now you have to beg people and
7:40
Speaker 1: pay insane amounts of money to get people to come
7:43
Speaker 1: back to work. We know now that people are saying
7:47
Speaker 1: they can't even fire employees they want to because they
7:49
Speaker 1: can't find people to replace them and when we just
7:51
Speaker 1: go up. This is exactly what happens. This is what
7:55
Speaker 1: happens when the government is who you're having to compete
7:58
Speaker 1: with when you're hiring somebody. Because the government's been paying
8:01
Speaker 1: people so much money to stay home and to do nothing.
8:06
Speaker 1: It's a problem. As they say, the chickens have come
8:11
Speaker 1: home to roost. This great social experiment has taken one
8:17
Speaker 1: year to show just how bad it can get. And
8:20
Speaker 1: the worst part is we're just getting started under this administration.
8:25
Speaker 1: They've got another three years to screw things up. You
8:29
Speaker 1: look at what this present has done and the policies
8:33
Speaker 1: that he has enacted. Name one of them that has
8:35
Speaker 1: moved us in the right direction, whether it's foreign policy
8:40
Speaker 1: disasters that are happening all over the country or what
8:44
Speaker 1: we're witnessing right now domestically. Even the media is not
8:50
Speaker 1: defending Joe Biden anymore when it comes to inflation, because
8:54
Speaker 1: they realize they'll look like complete and utter idiots if
8:58
Speaker 1: they try to tell you or how to convince you
9:00
Speaker 1: that things are actually moving in the right direction when
9:04
Speaker 1: clearly they are not. Give you an example of how
9:08
Speaker 1: the media is being forced to cover this. ABC News
9:12
Speaker 1: has been forced to debunk Biden on Biden inflation, saying
9:17
Speaker 1: well this and their own words, most economists do see
9:21
Speaker 1: these prices as more than a bump in the road.
9:23
Speaker 1: They expect inflation to persist through next spring. And remember,
9:27
Speaker 1: these supply chain issues are global caused by the pandemic.
9:30
Speaker 1: But there are also, as you point to, labor shortages,
9:33
Speaker 1: issues of people, many Americans, waiting to return to work
9:37
Speaker 1: until they see wages rise more significantly. Having saved up
9:41
Speaker 1: two trillion dollars throughout the course of the pandemic by
9:44
Speaker 1: not dining out, by not traveling, Expectations are now that
9:48
Speaker 1: the Federal Reserve will have to step in and hike
9:51
Speaker 1: interest rates next year in order to cool things off. David,
9:54
Speaker 1: all right, hike injistrates. You know what that'll do for
9:57
Speaker 1: the housing market, right, It's not going to be a
10:00
Speaker 1: good thing for the housing market. And let's talk about
10:02
Speaker 1: food costs, real quick food costs not where you want
10:05
Speaker 1: to be. Food is more expensive than it has been
10:08
Speaker 1: in decades. But hey, it's fine because we're the media, right,
10:14
Speaker 1: we're going to cover for the president. We're going to
10:16
Speaker 1: tell you things really aren't that bad, No they are.
10:20
Speaker 1: ABC News actually started by saying this on their nightly
10:25
Speaker 1: newscasts over the weekend. Yes, they had to say the
10:30
Speaker 1: truth because otherwise people would say, you're a bunch of idiots.
10:34
Speaker 1: In the meantime, we're going to turn to the other
10:35
Speaker 1: major news this Friday night on the economy and the
10:37
Speaker 1: prices you're paying. You don't need us to tell you
10:40
Speaker 1: what you're seeing already. The new report out tonight showing
10:43
Speaker 1: inflation is now near a forty year high in this country.
10:47
Speaker 1: Consumer prices up point eight percent last month alone. Year
10:50
Speaker 1: to year prices up now six point eight percent. Americans
10:54
Speaker 1: are paying more for gas, food, clothing, and cars. Tonight,
10:58
Speaker 1: President Biden acknowledging it is squeezing many families across this country.
11:02
Speaker 1: He pointed to the pandemic, the supply issues not just
11:06
Speaker 1: in the US but around the world. But we know
11:08
Speaker 1: there are many moving parts on this businesses looking for workers.
11:11
Speaker 1: So when does this start to ease up? And what
11:14
Speaker 1: will it take? What will it take takes a present
11:18
Speaker 1: understanding that you got to change policies. I wish they'd
11:22
Speaker 1: just be honest and say that, I mean, why not
11:26
Speaker 1: just tell the truth. They even had on a professor's
11:30
Speaker 1: department of economics at Harvard University. Jason Furman, PhD on
11:36
Speaker 1: ABC News that try to break it down for Americans
11:39
Speaker 1: and tell you what you already know tonight. Americans crushed
11:43
Speaker 1: under the highest inflation levels in nearly four decades. The
11:47
Speaker 1: price of almost everything is going up, and it's going
11:52
Speaker 1: up very quickly. Consumer prices last month surging nearly seven
11:56
Speaker 1: percent compared to one year ago, the fastest pace nineteen
12:00
Speaker 1: eighty two. People are spending a lot more than they
12:04
Speaker 1: were before, and as people buy more, that's driving up prices.
12:08
Speaker 1: President Biden today flaming supply chain issues and assuring the
12:12
Speaker 1: rising prices are temporary. It's a real bump in the road.
12:16
Speaker 1: It does affect families. It's not gone down quickly enough,
12:20
Speaker 1: but I think it will. The biggest inflation explosion in
12:23
Speaker 1: a generation coming is Unemployment falls to near pre pandemic
12:27
Speaker 1: levels and job openings outnumber those looking for work. But
12:31
Speaker 1: the soaring costs are unavoidable. What you used to get
12:35
Speaker 1: no problem, Now you have to say, Okay, maybe i'll
12:37
Speaker 1: get it next month. Grocery prices up nearly six and
12:40
Speaker 1: a half percent, meats, poultry, fish, and eggs up nearly
12:43
Speaker 1: thirteen percent, with beef rising more than twenty percent, how's
12:48
Speaker 1: it up nearly four percent, gas prices jumping to their
12:51
Speaker 1: highest level in seven years, and use cars and trucks
12:55
Speaker 1: climbing more than thirty percent from last year. Now you
13:01
Speaker 1: hear this from ABC News and they ask the question, now,
13:04
Speaker 1: what right? This is what you get when you have
13:07
Speaker 1: a present that really doesn't care about you. This is
13:11
Speaker 1: what you get when you have a present that doesn't
13:13
Speaker 1: care about you, when a president doesn't care. These are
13:19
Speaker 1: the headlines you get. And there are ways to stop this.
13:22
Speaker 1: By the way, you don't do arbitrary things like lockdowns
13:26
Speaker 1: at the border with Canada for truck drivers. You don't
13:29
Speaker 1: do things like mismanagement at ports and allow for ports
13:32
Speaker 1: to not be working twenty four seven. In California, you
13:37
Speaker 1: do more than do some bs move. They try to
13:41
Speaker 1: do just right before things given to give you a
13:43
Speaker 1: good headline where they say we're going to release some
13:46
Speaker 1: oil from our strategic oil reserves, which had no impact.
13:51
Speaker 1: In fact, it made gas prices go up because it
13:53
Speaker 1: was such a little amount of oil that you were
13:55
Speaker 1: putting in the market. When you shut down pipelines and
13:59
Speaker 1: you'll out for Russia and you allow for a rand,
14:02
Speaker 1: and you allow for Iraq and others to get rich,
14:05
Speaker 1: and you allow dictators and tyrants to get rich off
14:08
Speaker 1: oil prices going back up while they suffocate your economy.
14:13
Speaker 1: This is what you get. Former Obama and Clinton economist
14:17
Speaker 1: Larry Summers had this to say about inflation on The
14:21
Speaker 1: Wall Street Week on Bloomberg, I think we're going to
14:27
Speaker 1: entrench inflation way above two percent preps in the four
14:32
Speaker 1: percent or even higher range, unless something happens to break
14:38
Speaker 1: the current mood, to break the current trend. What's going
14:45
Speaker 1: to break it? Is the question everybody needs to be
14:47
Speaker 1: asking right now. We have a present that doesn't seem
14:50
Speaker 1: to be going to break anything. When you have ABC
14:54
Speaker 1: News starting off their newscast by saying it this way tonight,
14:57
Speaker 1: Americans crushed under the highest inflam Asian levels in nearly
15:01
Speaker 1: four decades, crushed. ABC News just set Americans crushed. CNBC
15:09
Speaker 1: talking about this and saying the president has to be
15:13
Speaker 1: blamed for this. They're being honest about it. Why is
15:15
Speaker 1: the rest of the media not saying this is Joe
15:17
Speaker 1: Biden's fault. Yeah, and it's a political number and an
15:21
Speaker 1: economic and market number of Becky, But amid growing worries
15:24
Speaker 1: on the economy and COVID. What we show is at
15:26
Speaker 1: President Biden's approval rating in both areas taking another hit,
15:30
Speaker 1: while Americans preference for congressional control swinging sharply towards Republicans.
15:35
Speaker 1: Bidens approval rating in the CNBC All American Economic Service
15:39
Speaker 1: stabilizing at a very low level of forty one percent
15:42
Speaker 1: on the same levels form President Trump. That compares to
15:45
Speaker 1: fifty percent who disapproved, But his approval rating on handling
15:48
Speaker 1: the coronavirus dropped to forty six percent to forty eight
15:50
Speaker 1: percent disapproving. That measure is now underwater for the first
15:54
Speaker 1: time for the President. His economic approval rating sinking more
15:58
Speaker 1: deeply underwater, with thirty seven percent approving combat to fifty
16:02
Speaker 1: six percent who disapproved. That is also worse than the
16:04
Speaker 1: last survey. The polling data for Democrats in Congress even worse.
16:08
Speaker 1: Republicans now sport and historic ten point advantage on congressional preference.
16:14
Speaker 1: Forty four percent want Republicans to run Congress and thirty
16:17
Speaker 1: four percent prefer Democrats. That's up from a two point
16:20
Speaker 1: Republican advantage in October. In the past twenty years, CNBC
16:24
Speaker 1: and NBC have never registered a double digit GOP advantage
16:28
Speaker 1: on congressional preference. Democrats lost ground in critical areas that
16:33
Speaker 1: help with Biden in office. Residents in urban ring counties,
16:37
Speaker 1: those who who favorite Biden in twenty twenty now prefer
16:41
Speaker 1: Republican control of Congress. The Republican advantage in outer suburban
16:45
Speaker 1: counties doubled from the twenty twenty vote. You can see
16:48
Speaker 1: that they're on the right side of your screen. Now,
16:50
Speaker 1: our Republican and Democratic posters tell us. With an off
16:53
Speaker 1: year election usually leading to losses for the incumbent party,
16:57
Speaker 1: the question here is not whether Democrat losses will be
17:00
Speaker 1: bad in November, it's whether they will be historically bad.
17:05
Speaker 1: Now C and B say C actually was honest, because
17:09
Speaker 1: they're dealing with highly intellectual individuals that are willing to
17:13
Speaker 1: have an honest conversation and are going to turn the
17:16
Speaker 1: channel if they think you're stupid and don't realize what's
17:19
Speaker 1: actually happening. Other channels should be doing the exact same thing,
17:23
Speaker 1: and they're not. And the reason why they're not, I
17:26
Speaker 1: think is pretty clear. They're doing whatever they can to
17:30
Speaker 1: help protect Joe Biden. Now I go back to this,
17:33
Speaker 1: if Biden really carried about you wouldn't he be doing
17:36
Speaker 1: something different because they're not doing anything different. They're not
17:40
Speaker 1: fixing any of these problems, and you would think the media, yes,
17:46
Speaker 1: I'm glad that they're actually just saying it's bad. But
17:49
Speaker 1: how are they not connecting the dots when it comes
17:52
Speaker 1: to the issue of responsibility. How do they not talk
17:55
Speaker 1: about the Keystone pipeline and other pipelines that have cut down?
17:58
Speaker 1: How do they not bring up that the energy policy
18:02
Speaker 1: this administration has been this big of a disaster. How
18:07
Speaker 1: does the media not bring up that the energy policies
18:10
Speaker 1: of Joe Biden this present have been a total disaster.
18:16
Speaker 1: If you want to be intellectually honest with the American people,
18:19
Speaker 1: then the media should at least connect the dots for
18:21
Speaker 1: the American people, because the American people are clearly connecting
18:25
Speaker 1: those dots on their own. Look at the numbers from
18:28
Speaker 1: CNBC that I just played a moment ago. They're telling
18:32
Speaker 1: you that the Democrats right now are in serious trouble
18:35
Speaker 1: for the midterms because people are in fact blaming them,
18:39
Speaker 1: and they are being smart about it. They're not being stupid.
18:43
Speaker 1: They're not idiots, right, They get it. They understand it.
18:48
Speaker 1: They realize and they see what's going on. They comprehend
18:52
Speaker 1: the problems that we're having, the issues that we are having.
18:58
Speaker 1: That's part of this. That's coversation that people don't seem
19:01
Speaker 1: to understand. You look at the energy prices under Joe
19:06
Speaker 1: Biden and you have to ask yourself a question, does
19:08
Speaker 1: he even give a crap about the American people? I
19:11
Speaker 1: would actually argue I don't think he does, because tyrants
19:18
Speaker 1: don't care about what happens to people at the bottom
19:22
Speaker 1: when their policies or failures. They don't have compassion for
19:28
Speaker 1: people when they're suffering, when they're trying to force you
19:30
Speaker 1: into submission for a policy that they are trying to
19:33
Speaker 1: mandate on you. And the policy that they're trying to
19:36
Speaker 1: mandate on you is a very clear policy, folks. They
19:41
Speaker 1: want you to drive less, they want you to fly less,
19:45
Speaker 1: they want you to have smaller cars, and they want
19:49
Speaker 1: you to be forced into green alternative energy or riding
19:52
Speaker 1: a bike. Joe Biden still flies on a massive airplane.
19:56
Speaker 1: Joe Biden still has a motorcade. Joe Biden still has
20:00
Speaker 1: scuzzling sports cars that he loves, and that's because he's
20:03
Speaker 1: a tyrant, and this is what tyrants do. Tyrants never
20:06
Speaker 1: go hungry. Tyrants never have to worry about what the
20:10
Speaker 1: cost of goods and services are because they don't really
20:14
Speaker 1: pay their own bills. Look at Joe Biden, Look at
20:18
Speaker 1: his age. Joe Biden doesn't have to worry about what
20:21
Speaker 1: the world looks like when he leaves office or literally
20:24
Speaker 1: leaves this earth, because he's already lived ninety plus percent
20:28
Speaker 1: of his life. Joe Biden doesn't. It doesn't right now
20:33
Speaker 1: he can dictate to you and he doesn't have to
20:35
Speaker 1: deal with the consequences for his policies, for his actions.
20:40
Speaker 1: You remember he was a vice president Knight States America
20:43
Speaker 1: for eight years when a guy by the name of
20:45
Speaker 1: Barack Obama was stopping all offshore drilling. Remember that was
20:49
Speaker 1: stopping the Keystone Pipeline, was doing everything he could to
20:53
Speaker 1: artificially inflate the price of gasoline so that you would
20:57
Speaker 1: buy electric cars. This is a I that wasted your
21:00
Speaker 1: money putting it in green alternative energy like Celendra that
21:04
Speaker 1: went bankrupt, and it was all their friends that got paid.
21:06
Speaker 1: When they had these big companies that they built, the
21:09
Speaker 1: government invests in them. They went bankrupt, but all of
21:11
Speaker 1: them walked away with millions and millions and millions of dollars.
21:16
Speaker 1: I don't even believe that Barack Obama was a true
21:19
Speaker 1: believer in global warming or a true believer in the
21:23
Speaker 1: policies he was in acting. What I do believe is
21:25
Speaker 1: that he was a true believer in hooking up his
21:27
Speaker 1: friends politically and making them rich off of the tax
21:31
Speaker 1: dollars that he guaranteed in companies like Celendra. The difference
21:36
Speaker 1: with Joe Biden now is and I don't look. I
21:38
Speaker 1: don't think Joe Biden stupid. I actually think he believes
21:42
Speaker 1: that his job as a president is to dictate to
21:45
Speaker 1: you what you do and how you do it, and
21:47
Speaker 1: if you can or cannot afford something, if he can
21:50
Speaker 1: manipulate the price where it's impossible for you to grab
21:53
Speaker 1: it or it's painful for you to grab it, then
21:58
Speaker 1: that for him, he actually believes a good thing. I
22:01
Speaker 1: don't think he's just an idiot that doesn't know what
22:02
Speaker 1: he's doing. I think he knows exactly what he's doing
22:04
Speaker 1: right now. I think he's actually more of a socialist,
22:09
Speaker 1: more of a tyrant than Barack Obama ever was. Because
22:12
Speaker 1: I also think Barack Obama had one thing that Joe
22:16
Speaker 1: Biden doesn't have anymore. Barack Obama actually gave a crap
22:20
Speaker 1: of people liked him or not. You know, real tyrants
22:23
Speaker 1: don't care if you like them. They just want you
22:26
Speaker 1: to submit to them. And I think for so long
22:29
Speaker 1: Joe Biden felt like he was the idiot in the
22:31
Speaker 1: back of the room, the dumb kid in Congress, the
22:34
Speaker 1: guy who could never get elected. Look at his son.
22:38
Speaker 1: The apple didn't fall far from the tree, to be
22:40
Speaker 1: honest with you, and I think Joe Biden, now this
22:42
Speaker 1: is almost like payback. You guys didn't listen to me
22:44
Speaker 1: for all these years. Now you're gonna get my policies.
22:47
Speaker 1: And if it hurts, I don't care. This is hurting democrats.
22:50
Speaker 1: I don't even think he cares about democrats. I actually
22:53
Speaker 1: don't believe that he even is worried that much about
22:55
Speaker 1: losing in the mid terms. And the reason why I
22:59
Speaker 1: say that is because if he did care, he would
23:01
Speaker 1: do something different. Look at what happened, and this was
23:05
Speaker 1: nothing but a pr move. And I don't believe that
23:07
Speaker 1: this was Joe Biden. Okay, I don't believe that Joe
23:12
Speaker 1: Biden was actually pushing for the policy to release from
23:16
Speaker 1: our strategic oil reserves. I don't right before the holidays,
23:21
Speaker 1: I do believe that there was people around him that said, Joe,
23:25
Speaker 1: you got to do this. We need a good headline
23:26
Speaker 1: in here. You are not, you know, lying sounds like
23:31
Speaker 1: the White House right now, flat outline to the American people.
23:34
Speaker 1: Listen to Jensaki being asked about prices. They're not moving
23:38
Speaker 1: in the right direction. But she says, I'll jedimind trick
23:40
Speaker 1: you because I think the media will still cover for me. Well,
23:42
Speaker 1: we've seen costs increase in some areas, and we've seen
23:46
Speaker 1: a good direction that move in a good direction in
23:49
Speaker 1: some areas as well. Where where have they moved in
23:52
Speaker 1: a good direction? Like the whole media room should have
23:54
Speaker 1: erupted right then and said, whoa, where where prices move
23:57
Speaker 1: in the right direction because we can't find a category
24:00
Speaker 1: that's the truth. But she gets away with us because
24:03
Speaker 1: the media is like, all right, well, we got to
24:04
Speaker 1: prop him up. Does the administration does the president acknowledge
24:08
Speaker 1: that inflation is more entrenched and not transitory? Well, Chris
24:12
Speaker 1: and I would say that I can't speak obviously for
24:15
Speaker 1: Jerom Powell, but I think part of the point here
24:17
Speaker 1: is that doesn't really matter what you call it. Doesn't
24:21
Speaker 1: really matter what you call it. For most Americans, it
24:25
Speaker 1: absolutely matters what you call it. I mean, are you
24:31
Speaker 1: kidding me? It doesn't matter what you call it. You know,
24:36
Speaker 1: Fox News was at least honest about it and the
24:40
Speaker 1: way that they did the story. They summed up the
24:44
Speaker 1: reality of the situation in one minute when they broke
24:47
Speaker 1: the news about price increases from one year ago being
24:50
Speaker 1: up thirty three percent with energy, fifty eight percent with gas,
24:54
Speaker 1: and six plus percent with food alone. And they did
24:58
Speaker 1: it in one minute. Meanwhile, the media's like, god, crap,
25:01
Speaker 1: we can't tell this story is just too honest. First,
25:03
Speaker 1: have you seen the shocking inflation numbers that came out
25:06
Speaker 1: this morning. This is not what anybody was hoping for.
25:09
Speaker 1: But these numbers keep creeping higher as the country plunges
25:11
Speaker 1: into territory that we really haven't been in in thirty
25:14
Speaker 1: nine years, with some prices popping as much as fifty
25:18
Speaker 1: eight percent. That takes a bite out of your wallet
25:20
Speaker 1: since last year. So this is obviously a major concern
25:24
Speaker 1: for US voters and for families across the nation. As
25:27
Speaker 1: these very real concerns including crime and labor shortages as well,
25:31
Speaker 1: are prompting some really surprising shifts in party loyalty as
25:36
Speaker 1: we look ahead to the midterms. Take a look at
25:39
Speaker 1: this poll, which is understandably getting quite a bit of
25:42
Speaker 1: attention for people who watch politics and the voting groups
25:45
Speaker 1: very closely. According to the new numbers from the Wall
25:47
Speaker 1: Street Journal, Hispanic voters are now evenly split in their
25:53
Speaker 1: allegiances between Democrats and Republicans. That's a significant move given
25:58
Speaker 1: that President Biden President Trump with Hispanic voters by thirty
26:03
Speaker 1: points in twenty twenties. I mean, those numbers everyone in
26:10
Speaker 1: the media should be talking about now. They're mentioning it,
26:14
Speaker 1: but they're not connecting the dot to Joe Biden. They're
26:17
Speaker 1: not Biden even saying at the Summit for Democracy at
26:24
Speaker 1: the White House, Well, I mean, you want to blame me.
26:27
Speaker 1: It's not going to increase inflation, will diminish inflation. It
26:30
Speaker 1: has a negative impact on inflation. It doesn't raise inflation.
26:34
Speaker 1: But that's hard for people to think about right now
26:37
Speaker 1: because inflation is up and there's a direct correlation. In
26:40
Speaker 1: most people's mind a wise inflation, will government spending money. Well,
26:44
Speaker 1: that's not the reason for the inflation. The reason for
26:46
Speaker 1: inflation is that we have a supply chain problem that
26:50
Speaker 1: is really severe and it is causing a significant increase
26:53
Speaker 1: in prices. So that's it. Just supply chain has nothing
26:57
Speaker 1: to do with gas prices, as then do your policies,
27:01
Speaker 1: has nothing to do with anything else. Nope, Nope, It's
27:04
Speaker 1: just that simple. So I'm gonna I'm gonna down I'm
27:07
Speaker 1: gonna downplay this. That's what I'm gonna do. My name
27:11
Speaker 1: is Joe Biden. I'm just gonna kind of downplay this because, Hey,
27:14
Speaker 1: there's a silver lining in all this, right. I know
27:17
Speaker 1: that the price of used cars is skyrocketed fifty percent,
27:20
Speaker 1: sixty percent, whatever it is, right, But the good news
27:23
Speaker 1: is not everybody's looking for a use automobile. There's your
27:26
Speaker 1: silver lining. The downside is prices have gone up because
27:30
Speaker 1: of supply chain concerns. We've worked as hard on the
27:33
Speaker 1: supply chain concerns. I think you're gonna see, You've already
27:36
Speaker 1: begun to see, and you're gonna see over the next
27:38
Speaker 1: couple of months, oil prices, gap prices of gas pump
27:41
Speaker 1: come down. You know, the biggest one of a third
27:45
Speaker 1: of the increase inflation is used automobiles, So I mean
27:51
Speaker 1: it is a real problem. But the point is that
27:54
Speaker 1: has to do with supply chain as well, but it
27:56
Speaker 1: also has to do with the fact that not everybody's
27:58
Speaker 1: looking for a use automobile, but those who are, they're
28:00
Speaker 1: paying higher prices because there's fewer of them because of
28:03
Speaker 1: the COVID and what was sold out in the life.
28:05
Speaker 1: So I think it really is it's a real bump
28:09
Speaker 1: in the road. It does affects families. When you walk
28:12
Speaker 1: in the grocery store and you're paying more for whatever
28:16
Speaker 1: you're purchasing, it matters. It matters to people when you're
28:20
Speaker 1: paying more for gas. Although in some states we've got
28:23
Speaker 1: the price down below three bucks a gallon. But the
28:25
Speaker 1: point is it's not gone down quickly enough. But I
28:29
Speaker 1: think it will. I think it will. Well, that's encouraging,
28:33
Speaker 1: mister President. I think it will. I am not going
28:36
Speaker 1: to change any of our policies and make things be
28:38
Speaker 1: in the right direction. Nah, I just think it's probably
28:41
Speaker 1: gonna work out. What if it doesn't, Oh, I will,
28:43
Speaker 1: I think it will. Tyrants don't care about the little people,
28:47
Speaker 1: and they don't care about you suffering, and that's what
28:51
Speaker 1: you just heard from this president. Well, I mean not
28:53
Speaker 1: everybody's looking for a used car. In other words, just
28:55
Speaker 1: hold on the one you got a little bit longer,
28:56
Speaker 1: and eventually it'll work its way. You know, it work
28:59
Speaker 1: its way out. It'll be fine. Eventually, it'll all fix itself. Now,
29:04
Speaker 1: let me also say something else real quickly, I think
29:06
Speaker 1: is really important. We've been every all the audio I've
29:08
Speaker 1: played for you tonight, we'll be in our podcast tomorrow.
29:11
Speaker 1: So if you want to kind of put all this
29:14
Speaker 1: audio together and let your family and friends know about it,
29:18
Speaker 1: you can share a podcast with them, all right. We
29:20
Speaker 1: try to put all of our audio clips that we
29:22
Speaker 1: put together, and my staff does an amazing job of
29:25
Speaker 1: watching the news and getting all of these clips together
29:28
Speaker 1: for you so you can hear how the media's governing this.
29:31
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29:34
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29:38
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29:48
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29:51
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29:55
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30:00
Speaker 1: family and your friends.