1 00:00:00,440 --> 00:00:06,319 Speaker 1: Bidenflation. It is real, it's documented, and it's getting extremely 2 00:00:06,559 --> 00:00:12,680 Speaker 1: painful for every American, no matter if you're rich or poor, conservative, liberal, 3 00:00:12,760 --> 00:00:15,640 Speaker 1: or don't even know what you are. How bad is it. 4 00:00:16,079 --> 00:00:19,640 Speaker 1: The cost of driving, which is pretty much essential in America, 5 00:00:20,360 --> 00:00:23,880 Speaker 1: is accelerating faster than any sports car. Not just because 6 00:00:23,960 --> 00:00:28,440 Speaker 1: gas prices are now up sixty percent from last year. 7 00:00:29,040 --> 00:00:31,200 Speaker 1: And why is it up sixty percent? Because you had 8 00:00:31,200 --> 00:00:34,440 Speaker 1: a present that swore if he came in, he would 9 00:00:34,479 --> 00:00:36,879 Speaker 1: undo every single thing that Donald Trump did to give 10 00:00:36,920 --> 00:00:40,600 Speaker 1: us energy independence. And that is exactly what Joe Biden did. 11 00:00:41,360 --> 00:00:44,360 Speaker 1: The price of new cars and trucks have jumped a 12 00:00:44,560 --> 00:00:49,080 Speaker 1: seasonally adjusted one point four percent in October and another 13 00:00:49,159 --> 00:00:53,800 Speaker 1: one point two percent in November. That's incredible. That means 14 00:00:53,840 --> 00:00:57,360 Speaker 1: you're talking about thirteen percent jump year over year if 15 00:00:57,400 --> 00:01:00,960 Speaker 1: we keep up with these numbers. Data from the Department 16 00:01:01,000 --> 00:01:06,000 Speaker 1: of Labors Consumer Price Index showed that on Friday, we 17 00:01:06,040 --> 00:01:08,440 Speaker 1: are headed in the wrong direction like we've never seen before. 18 00:01:09,440 --> 00:01:11,480 Speaker 1: Compare with a year ago, prices are up for just 19 00:01:11,560 --> 00:01:15,840 Speaker 1: new cars eleven point one percent. That's the fastest annual 20 00:01:15,880 --> 00:01:19,959 Speaker 1: pace of inflation for vehicles since nineteen seventy five. If 21 00:01:20,000 --> 00:01:23,160 Speaker 1: you buy a fifty brand new automobile a year later, 22 00:01:23,280 --> 00:01:26,479 Speaker 1: that car is going to cost you fifty five thousand 23 00:01:26,680 --> 00:01:31,440 Speaker 1: dollars and change. Yes, that's where we now are in 24 00:01:31,480 --> 00:01:34,759 Speaker 1: this country. That's not the only place that you're seeing 25 00:01:34,760 --> 00:01:37,880 Speaker 1: a massive hike For a lot of Americans. New cars 26 00:01:37,880 --> 00:01:41,280 Speaker 1: are not an option for many people that have low wages. 27 00:01:41,400 --> 00:01:47,280 Speaker 1: You buy use cars. That's where you save money, not anymore. 28 00:01:47,760 --> 00:01:51,000 Speaker 1: Use car prices are up way more than new car prices. 29 00:01:52,080 --> 00:01:55,559 Speaker 1: How much more is it you ready for this number? 30 00:01:57,360 --> 00:02:02,320 Speaker 1: Thirty one percent year over year. So now if you 31 00:02:02,360 --> 00:02:06,640 Speaker 1: buy a car, whether it's newer use, you're paying a 32 00:02:06,760 --> 00:02:09,079 Speaker 1: significant amount of money for it compared to use a 33 00:02:09,160 --> 00:02:12,120 Speaker 1: year ago, and you also are having to pay for 34 00:02:12,160 --> 00:02:18,360 Speaker 1: the gas that goes in it. It's terrible. In fact, 35 00:02:18,520 --> 00:02:21,400 Speaker 1: there has not been a double digit increase in vehicle 36 00:02:21,400 --> 00:02:27,040 Speaker 1: inflation since the nineteen seventies. The consumer Price index rose 37 00:02:27,160 --> 00:02:29,600 Speaker 1: six point six point eight percent in November, the highest 38 00:02:29,680 --> 00:02:33,560 Speaker 1: rate of inflation in nearly four decades. The cost of 39 00:02:33,840 --> 00:02:38,080 Speaker 1: goods apart from food and energy rose nine point four 40 00:02:38,200 --> 00:02:43,640 Speaker 1: percent on an annual basis. The price of durable goods 41 00:02:43,680 --> 00:02:49,799 Speaker 1: those I expected to last three years or longer skyrocketed 42 00:02:49,840 --> 00:02:53,760 Speaker 1: fourteen point nine percent. That's the fastest pace on record 43 00:02:54,240 --> 00:02:59,240 Speaker 1: since nineteen fifty seven when they started keeping that index. 44 00:03:00,280 --> 00:03:03,799 Speaker 1: Even the monthly gains are extraordinary. Prior to this year, 45 00:03:03,919 --> 00:03:07,960 Speaker 1: vehicle prices had never risen by more than one percent 46 00:03:09,000 --> 00:03:12,400 Speaker 1: for two consecutive months. Let me just say that again. 47 00:03:12,760 --> 00:03:15,959 Speaker 1: Prior to this year, vehicle prices newer use had never 48 00:03:16,080 --> 00:03:19,720 Speaker 1: risen by more than one percent for two consecutive months 49 00:03:19,720 --> 00:03:23,239 Speaker 1: since the early nineteen eighties. That's when we were dealing 50 00:03:23,280 --> 00:03:26,920 Speaker 1: with inflation under Jimmy Carter and the aftermath of his presidency, 51 00:03:26,960 --> 00:03:31,680 Speaker 1: before Ronald Reagan try to get things under control. In fact, 52 00:03:31,720 --> 00:03:34,280 Speaker 1: they only rose by more than one percent in a 53 00:03:34,320 --> 00:03:38,040 Speaker 1: single month since two thousand and nine, when they saw 54 00:03:38,120 --> 00:03:42,960 Speaker 1: a price jump after the Cash for Clunkers program kicked 55 00:03:43,000 --> 00:03:45,720 Speaker 1: off and it took a bunch of used cars out 56 00:03:46,120 --> 00:03:50,400 Speaker 1: of circulation. It was stupid. There weren't enough used cars, 57 00:03:50,440 --> 00:03:53,760 Speaker 1: which meant the price of used cars went up. Thank you, 58 00:03:53,920 --> 00:03:58,480 Speaker 1: Barack Obama's cash for clunker's stupid program, which by the way, 59 00:03:58,560 --> 00:04:03,360 Speaker 1: had no impact on our economy the way they claimed 60 00:04:03,360 --> 00:04:06,400 Speaker 1: it was supposed to, and it had no impact on 61 00:04:06,640 --> 00:04:10,880 Speaker 1: green and alternative fuel right that they claimed it was 62 00:04:10,920 --> 00:04:13,040 Speaker 1: going to do you turn in these cars. They thought 63 00:04:13,040 --> 00:04:16,640 Speaker 1: you're going to buy green cars. Didn't happen. Use car 64 00:04:16,720 --> 00:04:19,760 Speaker 1: prices are accelerating even more. As I mentioned, the price 65 00:04:19,800 --> 00:04:23,000 Speaker 1: index for use cars and trucks jumped two point six 66 00:04:23,040 --> 00:04:25,919 Speaker 1: percent in November alone. Think about it. You went shopping 67 00:04:25,960 --> 00:04:28,840 Speaker 1: for a car January one, and then you went shopping 68 00:04:28,839 --> 00:04:31,520 Speaker 1: for a car January thirtieth, and the price that car 69 00:04:31,560 --> 00:04:36,200 Speaker 1: went up two point six percent, bringing the annual increase 70 00:04:36,240 --> 00:04:40,640 Speaker 1: to thirty one point four percent this year. Apart from 71 00:04:40,640 --> 00:04:44,159 Speaker 1: this summer, when inflation pushed prices up forty five percent 72 00:04:44,240 --> 00:04:48,039 Speaker 1: year over year, This the highest gain since nineteen seventy five. 73 00:04:49,720 --> 00:04:53,240 Speaker 1: Use car prices have now been showing year over year 74 00:04:53,279 --> 00:04:57,960 Speaker 1: increases of more than twenty percent for seven months in 75 00:04:58,000 --> 00:05:00,640 Speaker 1: a row, the longest running bout of use car inflation 76 00:05:00,920 --> 00:05:05,800 Speaker 1: ever recorded, all because of Joe Biden. When used car 77 00:05:05,920 --> 00:05:09,520 Speaker 1: prices jumped last spring, Federal Reserved Chairman Poal and Biden 78 00:05:10,960 --> 00:05:14,120 Speaker 1: we're quick to claim the price increases with increases would 79 00:05:14,120 --> 00:05:17,640 Speaker 1: be short lived or even reverse in the months ahead, 80 00:05:17,680 --> 00:05:21,200 Speaker 1: and when used car prices dipped in August, the Federal 81 00:05:21,240 --> 00:05:24,320 Speaker 1: Reserved chairman Poal was quick to declare victory, saying, quote, 82 00:05:24,400 --> 00:05:28,320 Speaker 1: used car prices, for example, appear to have stabilized. Indeed, 83 00:05:28,360 --> 00:05:32,080 Speaker 1: some price indicators are beginning to fall. If that continues, 84 00:05:32,120 --> 00:05:34,760 Speaker 1: as many analysts predict, the used car prices will soon 85 00:05:34,839 --> 00:05:38,280 Speaker 1: be pulled. We'll be pulling it measured inflation down, as 86 00:05:38,279 --> 00:05:40,760 Speaker 1: they did for much of the past decade. Pale set 87 00:05:40,760 --> 00:05:43,719 Speaker 1: in the speech in August at the Kansas City FEDS 88 00:05:43,760 --> 00:05:48,320 Speaker 1: Annual Monetary Policy Conference in Jackson Hole. Has it turned 89 00:05:48,320 --> 00:05:52,960 Speaker 1: out it was the opposite? Yes, it was short lived, 90 00:05:53,839 --> 00:05:59,479 Speaker 1: and yes it's gotten worse since then. Now again, the 91 00:05:59,560 --> 00:06:02,920 Speaker 1: question is who do you blame for this? Now there's 92 00:06:02,960 --> 00:06:04,480 Speaker 1: some people say, Ben, why do you have to blame 93 00:06:04,520 --> 00:06:06,719 Speaker 1: it on anybody? It's a fair question. Why do you 94 00:06:06,720 --> 00:06:10,240 Speaker 1: have to blame it on anybody? Because there are people 95 00:06:10,279 --> 00:06:12,880 Speaker 1: that are making decisions, and there are people that are 96 00:06:12,880 --> 00:06:15,560 Speaker 1: doing things, and there are people that are doing these things, 97 00:06:15,560 --> 00:06:19,360 Speaker 1: and it's affecting your life. So it is a real 98 00:06:19,400 --> 00:06:23,080 Speaker 1: conversation that we should all have a conversation about. It's 99 00:06:23,080 --> 00:06:26,599 Speaker 1: a real conversation that is affecting everyone's life. Is it 100 00:06:26,640 --> 00:06:29,560 Speaker 1: said earlier? It doesn't matter if you're conservative and it 101 00:06:29,600 --> 00:06:31,840 Speaker 1: doesn't matter if you're liberal, it doesn't matter, if you're independent, 102 00:06:31,880 --> 00:06:36,880 Speaker 1: doesn't matter if you vot or if you don't vote. Okay, 103 00:06:36,920 --> 00:06:40,160 Speaker 1: it doesn't matter. I want to make that clear. It 104 00:06:40,200 --> 00:06:49,560 Speaker 1: doesn't matter. This is bad for everyone, and someone needs 105 00:06:49,560 --> 00:06:55,279 Speaker 1: to figure it out now. The facts are also very clear, 106 00:06:56,800 --> 00:07:02,479 Speaker 1: and the facts are this right now in this country. 107 00:07:02,680 --> 00:07:05,159 Speaker 1: This is exactly what we knew was going to happen 108 00:07:06,080 --> 00:07:09,720 Speaker 1: with the policies that were announced by the Biden administration. 109 00:07:10,280 --> 00:07:12,640 Speaker 1: The Biden administration made it clear we were not going 110 00:07:12,680 --> 00:07:15,800 Speaker 1: to be manufacturing in this country like we did before. 111 00:07:16,600 --> 00:07:18,640 Speaker 1: They made it clear that what we did with the 112 00:07:18,720 --> 00:07:23,040 Speaker 1: Keystone Pipeline would never happen again, and they shut it down. 113 00:07:23,560 --> 00:07:27,400 Speaker 1: They said, we are not going to be energy independent, 114 00:07:28,360 --> 00:07:31,320 Speaker 1: and now we know what happens when you do that. 115 00:07:32,240 --> 00:07:35,920 Speaker 1: We knew beforehand, but now you're living it. We knew 116 00:07:35,960 --> 00:07:37,600 Speaker 1: what was going to happen when you shut down an 117 00:07:37,720 --> 00:07:40,800 Speaker 1: entire economy, and now you have to beg people and 118 00:07:40,840 --> 00:07:43,000 Speaker 1: pay insane amounts of money to get people to come 119 00:07:43,040 --> 00:07:46,960 Speaker 1: back to work. We know now that people are saying 120 00:07:47,000 --> 00:07:49,080 Speaker 1: they can't even fire employees they want to because they 121 00:07:49,120 --> 00:07:51,640 Speaker 1: can't find people to replace them and when we just 122 00:07:51,720 --> 00:07:55,600 Speaker 1: go up. This is exactly what happens. This is what 123 00:07:55,720 --> 00:07:58,560 Speaker 1: happens when the government is who you're having to compete 124 00:07:58,560 --> 00:08:01,520 Speaker 1: with when you're hiring somebody. Because the government's been paying 125 00:08:01,560 --> 00:08:05,880 Speaker 1: people so much money to stay home and to do nothing. 126 00:08:06,200 --> 00:08:11,600 Speaker 1: It's a problem. As they say, the chickens have come 127 00:08:11,640 --> 00:08:17,440 Speaker 1: home to roost. This great social experiment has taken one 128 00:08:17,520 --> 00:08:20,520 Speaker 1: year to show just how bad it can get. And 129 00:08:20,560 --> 00:08:24,880 Speaker 1: the worst part is we're just getting started under this administration. 130 00:08:25,200 --> 00:08:29,720 Speaker 1: They've got another three years to screw things up. You 131 00:08:29,840 --> 00:08:33,120 Speaker 1: look at what this present has done and the policies 132 00:08:33,160 --> 00:08:35,800 Speaker 1: that he has enacted. Name one of them that has 133 00:08:35,800 --> 00:08:40,200 Speaker 1: moved us in the right direction, whether it's foreign policy 134 00:08:40,240 --> 00:08:44,000 Speaker 1: disasters that are happening all over the country or what 135 00:08:44,040 --> 00:08:50,400 Speaker 1: we're witnessing right now domestically. Even the media is not 136 00:08:50,559 --> 00:08:54,480 Speaker 1: defending Joe Biden anymore when it comes to inflation, because 137 00:08:54,520 --> 00:08:58,520 Speaker 1: they realize they'll look like complete and utter idiots if 138 00:08:58,559 --> 00:09:00,760 Speaker 1: they try to tell you or how to convince you 139 00:09:00,840 --> 00:09:04,240 Speaker 1: that things are actually moving in the right direction when 140 00:09:04,320 --> 00:09:08,640 Speaker 1: clearly they are not. Give you an example of how 141 00:09:08,640 --> 00:09:12,880 Speaker 1: the media is being forced to cover this. ABC News 142 00:09:12,960 --> 00:09:16,920 Speaker 1: has been forced to debunk Biden on Biden inflation, saying 143 00:09:17,520 --> 00:09:20,960 Speaker 1: well this and their own words, most economists do see 144 00:09:21,000 --> 00:09:23,080 Speaker 1: these prices as more than a bump in the road. 145 00:09:23,160 --> 00:09:26,880 Speaker 1: They expect inflation to persist through next spring. And remember, 146 00:09:27,160 --> 00:09:30,480 Speaker 1: these supply chain issues are global caused by the pandemic. 147 00:09:30,559 --> 00:09:33,720 Speaker 1: But there are also, as you point to, labor shortages, 148 00:09:33,840 --> 00:09:37,400 Speaker 1: issues of people, many Americans, waiting to return to work 149 00:09:37,600 --> 00:09:41,559 Speaker 1: until they see wages rise more significantly. Having saved up 150 00:09:41,600 --> 00:09:44,920 Speaker 1: two trillion dollars throughout the course of the pandemic by 151 00:09:44,960 --> 00:09:48,400 Speaker 1: not dining out, by not traveling, Expectations are now that 152 00:09:48,440 --> 00:09:51,280 Speaker 1: the Federal Reserve will have to step in and hike 153 00:09:51,320 --> 00:09:54,600 Speaker 1: interest rates next year in order to cool things off. David, 154 00:09:54,720 --> 00:09:57,599 Speaker 1: all right, hike injistrates. You know what that'll do for 155 00:09:57,640 --> 00:10:00,360 Speaker 1: the housing market, right, It's not going to be a 156 00:10:00,440 --> 00:10:02,640 Speaker 1: good thing for the housing market. And let's talk about 157 00:10:02,679 --> 00:10:05,839 Speaker 1: food costs, real quick food costs not where you want 158 00:10:05,880 --> 00:10:08,280 Speaker 1: to be. Food is more expensive than it has been 159 00:10:08,360 --> 00:10:14,160 Speaker 1: in decades. But hey, it's fine because we're the media, right, 160 00:10:14,200 --> 00:10:15,920 Speaker 1: we're going to cover for the president. We're going to 161 00:10:16,000 --> 00:10:19,120 Speaker 1: tell you things really aren't that bad, No they are. 162 00:10:20,080 --> 00:10:25,520 Speaker 1: ABC News actually started by saying this on their nightly 163 00:10:25,600 --> 00:10:30,080 Speaker 1: newscasts over the weekend. Yes, they had to say the 164 00:10:30,120 --> 00:10:34,119 Speaker 1: truth because otherwise people would say, you're a bunch of idiots. 165 00:10:34,360 --> 00:10:35,760 Speaker 1: In the meantime, we're going to turn to the other 166 00:10:35,800 --> 00:10:37,920 Speaker 1: major news this Friday night on the economy and the 167 00:10:37,960 --> 00:10:40,560 Speaker 1: prices you're paying. You don't need us to tell you 168 00:10:40,600 --> 00:10:43,800 Speaker 1: what you're seeing already. The new report out tonight showing 169 00:10:43,840 --> 00:10:47,120 Speaker 1: inflation is now near a forty year high in this country. 170 00:10:47,480 --> 00:10:50,920 Speaker 1: Consumer prices up point eight percent last month alone. Year 171 00:10:50,960 --> 00:10:54,880 Speaker 1: to year prices up now six point eight percent. Americans 172 00:10:54,880 --> 00:10:58,640 Speaker 1: are paying more for gas, food, clothing, and cars. Tonight, 173 00:10:58,679 --> 00:11:02,880 Speaker 1: President Biden acknowledging it is squeezing many families across this country. 174 00:11:02,880 --> 00:11:06,000 Speaker 1: He pointed to the pandemic, the supply issues not just 175 00:11:06,120 --> 00:11:08,400 Speaker 1: in the US but around the world. But we know 176 00:11:08,440 --> 00:11:11,880 Speaker 1: there are many moving parts on this businesses looking for workers. 177 00:11:11,920 --> 00:11:14,200 Speaker 1: So when does this start to ease up? And what 178 00:11:14,320 --> 00:11:18,640 Speaker 1: will it take? What will it take takes a present 179 00:11:18,720 --> 00:11:22,080 Speaker 1: understanding that you got to change policies. I wish they'd 180 00:11:22,080 --> 00:11:26,280 Speaker 1: just be honest and say that, I mean, why not 181 00:11:26,360 --> 00:11:30,360 Speaker 1: just tell the truth. They even had on a professor's 182 00:11:30,360 --> 00:11:36,240 Speaker 1: department of economics at Harvard University. Jason Furman, PhD on 183 00:11:36,360 --> 00:11:39,560 Speaker 1: ABC News that try to break it down for Americans 184 00:11:39,600 --> 00:11:43,400 Speaker 1: and tell you what you already know tonight. Americans crushed 185 00:11:43,480 --> 00:11:47,000 Speaker 1: under the highest inflation levels in nearly four decades. The 186 00:11:47,120 --> 00:11:52,040 Speaker 1: price of almost everything is going up, and it's going 187 00:11:52,240 --> 00:11:56,679 Speaker 1: up very quickly. Consumer prices last month surging nearly seven 188 00:11:56,760 --> 00:12:00,720 Speaker 1: percent compared to one year ago, the fastest pace nineteen 189 00:12:00,840 --> 00:12:04,120 Speaker 1: eighty two. People are spending a lot more than they 190 00:12:04,160 --> 00:12:08,280 Speaker 1: were before, and as people buy more, that's driving up prices. 191 00:12:08,679 --> 00:12:12,720 Speaker 1: President Biden today flaming supply chain issues and assuring the 192 00:12:12,880 --> 00:12:16,320 Speaker 1: rising prices are temporary. It's a real bump in the road. 193 00:12:16,760 --> 00:12:20,200 Speaker 1: It does affect families. It's not gone down quickly enough, 194 00:12:20,840 --> 00:12:23,760 Speaker 1: but I think it will. The biggest inflation explosion in 195 00:12:23,800 --> 00:12:27,719 Speaker 1: a generation coming is Unemployment falls to near pre pandemic 196 00:12:27,840 --> 00:12:31,560 Speaker 1: levels and job openings outnumber those looking for work. But 197 00:12:31,679 --> 00:12:34,800 Speaker 1: the soaring costs are unavoidable. What you used to get 198 00:12:35,080 --> 00:12:37,319 Speaker 1: no problem, Now you have to say, Okay, maybe i'll 199 00:12:37,320 --> 00:12:40,440 Speaker 1: get it next month. Grocery prices up nearly six and 200 00:12:40,480 --> 00:12:43,760 Speaker 1: a half percent, meats, poultry, fish, and eggs up nearly 201 00:12:43,880 --> 00:12:48,679 Speaker 1: thirteen percent, with beef rising more than twenty percent, how's 202 00:12:48,720 --> 00:12:51,800 Speaker 1: it up nearly four percent, gas prices jumping to their 203 00:12:51,880 --> 00:12:55,320 Speaker 1: highest level in seven years, and use cars and trucks 204 00:12:55,440 --> 00:13:01,200 Speaker 1: climbing more than thirty percent from last year. Now you 205 00:13:01,320 --> 00:13:04,760 Speaker 1: hear this from ABC News and they ask the question, now, 206 00:13:04,800 --> 00:13:07,400 Speaker 1: what right? This is what you get when you have 207 00:13:07,440 --> 00:13:11,120 Speaker 1: a present that really doesn't care about you. This is 208 00:13:11,160 --> 00:13:13,599 Speaker 1: what you get when you have a present that doesn't 209 00:13:13,640 --> 00:13:19,920 Speaker 1: care about you, when a president doesn't care. These are 210 00:13:19,920 --> 00:13:22,400 Speaker 1: the headlines you get. And there are ways to stop this. 211 00:13:22,559 --> 00:13:26,360 Speaker 1: By the way, you don't do arbitrary things like lockdowns 212 00:13:26,400 --> 00:13:29,040 Speaker 1: at the border with Canada for truck drivers. You don't 213 00:13:29,080 --> 00:13:32,680 Speaker 1: do things like mismanagement at ports and allow for ports 214 00:13:32,679 --> 00:13:37,200 Speaker 1: to not be working twenty four seven. In California, you 215 00:13:37,360 --> 00:13:41,040 Speaker 1: do more than do some bs move. They try to 216 00:13:41,080 --> 00:13:43,640 Speaker 1: do just right before things given to give you a 217 00:13:43,679 --> 00:13:46,440 Speaker 1: good headline where they say we're going to release some 218 00:13:46,559 --> 00:13:51,080 Speaker 1: oil from our strategic oil reserves, which had no impact. 219 00:13:51,120 --> 00:13:53,280 Speaker 1: In fact, it made gas prices go up because it 220 00:13:53,320 --> 00:13:55,760 Speaker 1: was such a little amount of oil that you were 221 00:13:55,760 --> 00:13:59,520 Speaker 1: putting in the market. When you shut down pipelines and 222 00:13:59,520 --> 00:14:02,080 Speaker 1: you'll out for Russia and you allow for a rand, 223 00:14:02,120 --> 00:14:04,360 Speaker 1: and you allow for Iraq and others to get rich, 224 00:14:05,840 --> 00:14:08,680 Speaker 1: and you allow dictators and tyrants to get rich off 225 00:14:08,760 --> 00:14:13,160 Speaker 1: oil prices going back up while they suffocate your economy. 226 00:14:13,240 --> 00:14:17,560 Speaker 1: This is what you get. Former Obama and Clinton economist 227 00:14:17,640 --> 00:14:21,360 Speaker 1: Larry Summers had this to say about inflation on The 228 00:14:21,360 --> 00:14:26,520 Speaker 1: Wall Street Week on Bloomberg, I think we're going to 229 00:14:27,080 --> 00:14:32,000 Speaker 1: entrench inflation way above two percent preps in the four 230 00:14:32,040 --> 00:14:38,000 Speaker 1: percent or even higher range, unless something happens to break 231 00:14:38,520 --> 00:14:45,000 Speaker 1: the current mood, to break the current trend. What's going 232 00:14:45,040 --> 00:14:47,760 Speaker 1: to break it? Is the question everybody needs to be 233 00:14:47,920 --> 00:14:50,840 Speaker 1: asking right now. We have a present that doesn't seem 234 00:14:50,880 --> 00:14:54,200 Speaker 1: to be going to break anything. When you have ABC 235 00:14:54,360 --> 00:14:57,560 Speaker 1: News starting off their newscast by saying it this way tonight, 236 00:14:57,680 --> 00:15:01,240 Speaker 1: Americans crushed under the highest inflam Asian levels in nearly 237 00:15:01,360 --> 00:15:09,160 Speaker 1: four decades, crushed. ABC News just set Americans crushed. CNBC 238 00:15:09,920 --> 00:15:13,040 Speaker 1: talking about this and saying the president has to be 239 00:15:13,080 --> 00:15:15,480 Speaker 1: blamed for this. They're being honest about it. Why is 240 00:15:15,480 --> 00:15:17,760 Speaker 1: the rest of the media not saying this is Joe 241 00:15:17,760 --> 00:15:21,320 Speaker 1: Biden's fault. Yeah, and it's a political number and an 242 00:15:21,320 --> 00:15:24,040 Speaker 1: economic and market number of Becky, But amid growing worries 243 00:15:24,040 --> 00:15:26,920 Speaker 1: on the economy and COVID. What we show is at 244 00:15:26,920 --> 00:15:30,640 Speaker 1: President Biden's approval rating in both areas taking another hit, 245 00:15:30,680 --> 00:15:35,920 Speaker 1: while Americans preference for congressional control swinging sharply towards Republicans. 246 00:15:35,920 --> 00:15:39,360 Speaker 1: Bidens approval rating in the CNBC All American Economic Service 247 00:15:39,400 --> 00:15:42,160 Speaker 1: stabilizing at a very low level of forty one percent 248 00:15:42,320 --> 00:15:44,960 Speaker 1: on the same levels form President Trump. That compares to 249 00:15:45,000 --> 00:15:48,320 Speaker 1: fifty percent who disapproved, But his approval rating on handling 250 00:15:48,320 --> 00:15:50,960 Speaker 1: the coronavirus dropped to forty six percent to forty eight 251 00:15:50,960 --> 00:15:54,880 Speaker 1: percent disapproving. That measure is now underwater for the first 252 00:15:54,920 --> 00:15:58,440 Speaker 1: time for the President. His economic approval rating sinking more 253 00:15:58,520 --> 00:16:02,000 Speaker 1: deeply underwater, with thirty seven percent approving combat to fifty 254 00:16:02,040 --> 00:16:04,680 Speaker 1: six percent who disapproved. That is also worse than the 255 00:16:04,720 --> 00:16:08,440 Speaker 1: last survey. The polling data for Democrats in Congress even worse. 256 00:16:08,480 --> 00:16:14,240 Speaker 1: Republicans now sport and historic ten point advantage on congressional preference. 257 00:16:14,600 --> 00:16:17,480 Speaker 1: Forty four percent want Republicans to run Congress and thirty 258 00:16:17,520 --> 00:16:20,400 Speaker 1: four percent prefer Democrats. That's up from a two point 259 00:16:20,400 --> 00:16:24,440 Speaker 1: Republican advantage in October. In the past twenty years, CNBC 260 00:16:24,520 --> 00:16:28,960 Speaker 1: and NBC have never registered a double digit GOP advantage 261 00:16:28,960 --> 00:16:33,600 Speaker 1: on congressional preference. Democrats lost ground in critical areas that 262 00:16:33,680 --> 00:16:37,479 Speaker 1: help with Biden in office. Residents in urban ring counties, 263 00:16:37,840 --> 00:16:41,080 Speaker 1: those who who favorite Biden in twenty twenty now prefer 264 00:16:41,160 --> 00:16:45,280 Speaker 1: Republican control of Congress. The Republican advantage in outer suburban 265 00:16:45,360 --> 00:16:48,520 Speaker 1: counties doubled from the twenty twenty vote. You can see 266 00:16:48,560 --> 00:16:50,520 Speaker 1: that they're on the right side of your screen. Now, 267 00:16:50,560 --> 00:16:53,800 Speaker 1: our Republican and Democratic posters tell us. With an off 268 00:16:53,920 --> 00:16:57,160 Speaker 1: year election usually leading to losses for the incumbent party, 269 00:16:57,800 --> 00:17:00,240 Speaker 1: the question here is not whether Democrat losses will be 270 00:17:00,240 --> 00:17:03,640 Speaker 1: bad in November, it's whether they will be historically bad. 271 00:17:05,320 --> 00:17:09,480 Speaker 1: Now C and B say C actually was honest, because 272 00:17:09,520 --> 00:17:13,560 Speaker 1: they're dealing with highly intellectual individuals that are willing to 273 00:17:13,600 --> 00:17:16,600 Speaker 1: have an honest conversation and are going to turn the 274 00:17:16,680 --> 00:17:19,040 Speaker 1: channel if they think you're stupid and don't realize what's 275 00:17:19,080 --> 00:17:23,440 Speaker 1: actually happening. Other channels should be doing the exact same thing, 276 00:17:23,760 --> 00:17:26,600 Speaker 1: and they're not. And the reason why they're not, I 277 00:17:26,600 --> 00:17:30,200 Speaker 1: think is pretty clear. They're doing whatever they can to 278 00:17:30,240 --> 00:17:32,480 Speaker 1: help protect Joe Biden. Now I go back to this, 279 00:17:33,040 --> 00:17:36,800 Speaker 1: if Biden really carried about you wouldn't he be doing 280 00:17:36,840 --> 00:17:40,720 Speaker 1: something different because they're not doing anything different. They're not 281 00:17:40,880 --> 00:17:46,600 Speaker 1: fixing any of these problems, and you would think the media, yes, 282 00:17:46,840 --> 00:17:49,760 Speaker 1: I'm glad that they're actually just saying it's bad. But 283 00:17:49,880 --> 00:17:52,120 Speaker 1: how are they not connecting the dots when it comes 284 00:17:52,119 --> 00:17:55,200 Speaker 1: to the issue of responsibility. How do they not talk 285 00:17:55,280 --> 00:17:58,240 Speaker 1: about the Keystone pipeline and other pipelines that have cut down? 286 00:17:58,960 --> 00:18:02,040 Speaker 1: How do they not bring up that the energy policy 287 00:18:02,119 --> 00:18:07,080 Speaker 1: this administration has been this big of a disaster. How 288 00:18:07,080 --> 00:18:10,359 Speaker 1: does the media not bring up that the energy policies 289 00:18:10,400 --> 00:18:14,760 Speaker 1: of Joe Biden this present have been a total disaster. 290 00:18:16,520 --> 00:18:19,320 Speaker 1: If you want to be intellectually honest with the American people, 291 00:18:19,359 --> 00:18:21,800 Speaker 1: then the media should at least connect the dots for 292 00:18:21,840 --> 00:18:25,520 Speaker 1: the American people, because the American people are clearly connecting 293 00:18:25,520 --> 00:18:28,680 Speaker 1: those dots on their own. Look at the numbers from 294 00:18:28,720 --> 00:18:32,199 Speaker 1: CNBC that I just played a moment ago. They're telling 295 00:18:32,200 --> 00:18:35,359 Speaker 1: you that the Democrats right now are in serious trouble 296 00:18:35,400 --> 00:18:38,879 Speaker 1: for the midterms because people are in fact blaming them, 297 00:18:39,160 --> 00:18:43,880 Speaker 1: and they are being smart about it. They're not being stupid. 298 00:18:43,960 --> 00:18:47,200 Speaker 1: They're not idiots, right, They get it. They understand it. 299 00:18:48,600 --> 00:18:52,560 Speaker 1: They realize and they see what's going on. They comprehend 300 00:18:52,600 --> 00:18:56,800 Speaker 1: the problems that we're having, the issues that we are having. 301 00:18:58,400 --> 00:19:01,679 Speaker 1: That's part of this. That's coversation that people don't seem 302 00:19:01,680 --> 00:19:06,280 Speaker 1: to understand. You look at the energy prices under Joe 303 00:19:06,280 --> 00:19:08,760 Speaker 1: Biden and you have to ask yourself a question, does 304 00:19:08,840 --> 00:19:11,800 Speaker 1: he even give a crap about the American people? I 305 00:19:11,800 --> 00:19:18,120 Speaker 1: would actually argue I don't think he does, because tyrants 306 00:19:18,240 --> 00:19:22,760 Speaker 1: don't care about what happens to people at the bottom 307 00:19:22,800 --> 00:19:28,160 Speaker 1: when their policies or failures. They don't have compassion for 308 00:19:28,200 --> 00:19:30,840 Speaker 1: people when they're suffering, when they're trying to force you 309 00:19:30,880 --> 00:19:33,560 Speaker 1: into submission for a policy that they are trying to 310 00:19:33,600 --> 00:19:36,600 Speaker 1: mandate on you. And the policy that they're trying to 311 00:19:36,640 --> 00:19:41,040 Speaker 1: mandate on you is a very clear policy, folks. They 312 00:19:41,080 --> 00:19:44,200 Speaker 1: want you to drive less, they want you to fly less, 313 00:19:45,119 --> 00:19:49,480 Speaker 1: they want you to have smaller cars, and they want 314 00:19:49,480 --> 00:19:52,240 Speaker 1: you to be forced into green alternative energy or riding 315 00:19:52,240 --> 00:19:56,320 Speaker 1: a bike. Joe Biden still flies on a massive airplane. 316 00:19:56,760 --> 00:20:00,000 Speaker 1: Joe Biden still has a motorcade. Joe Biden still has 317 00:20:00,040 --> 00:20:03,040 Speaker 1: scuzzling sports cars that he loves, and that's because he's 318 00:20:03,040 --> 00:20:06,880 Speaker 1: a tyrant, and this is what tyrants do. Tyrants never 319 00:20:06,960 --> 00:20:10,480 Speaker 1: go hungry. Tyrants never have to worry about what the 320 00:20:10,600 --> 00:20:13,960 Speaker 1: cost of goods and services are because they don't really 321 00:20:14,000 --> 00:20:18,119 Speaker 1: pay their own bills. Look at Joe Biden, Look at 322 00:20:18,160 --> 00:20:21,359 Speaker 1: his age. Joe Biden doesn't have to worry about what 323 00:20:21,400 --> 00:20:24,119 Speaker 1: the world looks like when he leaves office or literally 324 00:20:24,200 --> 00:20:28,560 Speaker 1: leaves this earth, because he's already lived ninety plus percent 325 00:20:28,600 --> 00:20:33,000 Speaker 1: of his life. Joe Biden doesn't. It doesn't right now 326 00:20:33,000 --> 00:20:35,000 Speaker 1: he can dictate to you and he doesn't have to 327 00:20:35,040 --> 00:20:39,000 Speaker 1: deal with the consequences for his policies, for his actions. 328 00:20:40,440 --> 00:20:43,200 Speaker 1: You remember he was a vice president Knight States America 329 00:20:43,240 --> 00:20:45,679 Speaker 1: for eight years when a guy by the name of 330 00:20:45,680 --> 00:20:49,439 Speaker 1: Barack Obama was stopping all offshore drilling. Remember that was 331 00:20:49,480 --> 00:20:53,520 Speaker 1: stopping the Keystone Pipeline, was doing everything he could to 332 00:20:53,640 --> 00:20:57,120 Speaker 1: artificially inflate the price of gasoline so that you would 333 00:20:57,160 --> 00:21:00,800 Speaker 1: buy electric cars. This is a I that wasted your 334 00:21:00,800 --> 00:21:03,879 Speaker 1: money putting it in green alternative energy like Celendra that 335 00:21:04,000 --> 00:21:06,600 Speaker 1: went bankrupt, and it was all their friends that got paid. 336 00:21:06,680 --> 00:21:09,280 Speaker 1: When they had these big companies that they built, the 337 00:21:09,400 --> 00:21:11,840 Speaker 1: government invests in them. They went bankrupt, but all of 338 00:21:11,840 --> 00:21:15,399 Speaker 1: them walked away with millions and millions and millions of dollars. 339 00:21:16,920 --> 00:21:19,000 Speaker 1: I don't even believe that Barack Obama was a true 340 00:21:19,000 --> 00:21:23,440 Speaker 1: believer in global warming or a true believer in the 341 00:21:23,480 --> 00:21:25,760 Speaker 1: policies he was in acting. What I do believe is 342 00:21:25,800 --> 00:21:27,480 Speaker 1: that he was a true believer in hooking up his 343 00:21:27,600 --> 00:21:31,199 Speaker 1: friends politically and making them rich off of the tax 344 00:21:31,720 --> 00:21:36,840 Speaker 1: dollars that he guaranteed in companies like Celendra. The difference 345 00:21:36,840 --> 00:21:38,960 Speaker 1: with Joe Biden now is and I don't look. I 346 00:21:38,960 --> 00:21:41,960 Speaker 1: don't think Joe Biden stupid. I actually think he believes 347 00:21:42,600 --> 00:21:45,760 Speaker 1: that his job as a president is to dictate to 348 00:21:45,800 --> 00:21:47,879 Speaker 1: you what you do and how you do it, and 349 00:21:47,960 --> 00:21:50,640 Speaker 1: if you can or cannot afford something, if he can 350 00:21:50,680 --> 00:21:53,639 Speaker 1: manipulate the price where it's impossible for you to grab 351 00:21:53,680 --> 00:21:58,320 Speaker 1: it or it's painful for you to grab it, then 352 00:21:58,400 --> 00:22:01,159 Speaker 1: that for him, he actually believes a good thing. I 353 00:22:01,160 --> 00:22:02,919 Speaker 1: don't think he's just an idiot that doesn't know what 354 00:22:02,960 --> 00:22:04,880 Speaker 1: he's doing. I think he knows exactly what he's doing 355 00:22:04,960 --> 00:22:08,919 Speaker 1: right now. I think he's actually more of a socialist, 356 00:22:09,080 --> 00:22:12,639 Speaker 1: more of a tyrant than Barack Obama ever was. Because 357 00:22:12,640 --> 00:22:16,320 Speaker 1: I also think Barack Obama had one thing that Joe 358 00:22:16,359 --> 00:22:20,320 Speaker 1: Biden doesn't have anymore. Barack Obama actually gave a crap 359 00:22:20,320 --> 00:22:23,760 Speaker 1: of people liked him or not. You know, real tyrants 360 00:22:23,760 --> 00:22:26,480 Speaker 1: don't care if you like them. They just want you 361 00:22:26,520 --> 00:22:29,600 Speaker 1: to submit to them. And I think for so long 362 00:22:29,720 --> 00:22:31,639 Speaker 1: Joe Biden felt like he was the idiot in the 363 00:22:31,640 --> 00:22:34,320 Speaker 1: back of the room, the dumb kid in Congress, the 364 00:22:34,359 --> 00:22:37,720 Speaker 1: guy who could never get elected. Look at his son. 365 00:22:38,200 --> 00:22:40,119 Speaker 1: The apple didn't fall far from the tree, to be 366 00:22:40,160 --> 00:22:42,719 Speaker 1: honest with you, and I think Joe Biden, now this 367 00:22:42,800 --> 00:22:44,840 Speaker 1: is almost like payback. You guys didn't listen to me 368 00:22:44,880 --> 00:22:47,159 Speaker 1: for all these years. Now you're gonna get my policies. 369 00:22:47,400 --> 00:22:50,879 Speaker 1: And if it hurts, I don't care. This is hurting democrats. 370 00:22:50,920 --> 00:22:53,639 Speaker 1: I don't even think he cares about democrats. I actually 371 00:22:53,640 --> 00:22:55,840 Speaker 1: don't believe that he even is worried that much about 372 00:22:55,880 --> 00:22:59,040 Speaker 1: losing in the mid terms. And the reason why I 373 00:22:59,080 --> 00:23:01,720 Speaker 1: say that is because if he did care, he would 374 00:23:01,760 --> 00:23:05,800 Speaker 1: do something different. Look at what happened, and this was 375 00:23:05,880 --> 00:23:07,639 Speaker 1: nothing but a pr move. And I don't believe that 376 00:23:07,640 --> 00:23:12,600 Speaker 1: this was Joe Biden. Okay, I don't believe that Joe 377 00:23:12,600 --> 00:23:16,760 Speaker 1: Biden was actually pushing for the policy to release from 378 00:23:16,800 --> 00:23:21,560 Speaker 1: our strategic oil reserves. I don't right before the holidays, 379 00:23:21,680 --> 00:23:24,640 Speaker 1: I do believe that there was people around him that said, Joe, 380 00:23:25,040 --> 00:23:26,800 Speaker 1: you got to do this. We need a good headline 381 00:23:26,800 --> 00:23:30,920 Speaker 1: in here. You are not, you know, lying sounds like 382 00:23:31,080 --> 00:23:34,080 Speaker 1: the White House right now, flat outline to the American people. 383 00:23:34,520 --> 00:23:38,080 Speaker 1: Listen to Jensaki being asked about prices. They're not moving 384 00:23:38,080 --> 00:23:40,400 Speaker 1: in the right direction. But she says, I'll jedimind trick 385 00:23:40,440 --> 00:23:42,880 Speaker 1: you because I think the media will still cover for me. Well, 386 00:23:42,920 --> 00:23:45,960 Speaker 1: we've seen costs increase in some areas, and we've seen 387 00:23:46,720 --> 00:23:49,280 Speaker 1: a good direction that move in a good direction in 388 00:23:49,359 --> 00:23:52,359 Speaker 1: some areas as well. Where where have they moved in 389 00:23:52,359 --> 00:23:54,399 Speaker 1: a good direction? Like the whole media room should have 390 00:23:54,480 --> 00:23:57,679 Speaker 1: erupted right then and said, whoa, where where prices move 391 00:23:57,720 --> 00:23:59,840 Speaker 1: in the right direction because we can't find a category 392 00:24:00,119 --> 00:24:03,560 Speaker 1: that's the truth. But she gets away with us because 393 00:24:03,600 --> 00:24:04,879 Speaker 1: the media is like, all right, well, we got to 394 00:24:04,920 --> 00:24:08,639 Speaker 1: prop him up. Does the administration does the president acknowledge 395 00:24:08,680 --> 00:24:12,200 Speaker 1: that inflation is more entrenched and not transitory? Well, Chris 396 00:24:12,280 --> 00:24:14,879 Speaker 1: and I would say that I can't speak obviously for 397 00:24:15,080 --> 00:24:17,720 Speaker 1: Jerom Powell, but I think part of the point here 398 00:24:17,760 --> 00:24:21,760 Speaker 1: is that doesn't really matter what you call it. Doesn't 399 00:24:21,760 --> 00:24:25,320 Speaker 1: really matter what you call it. For most Americans, it 400 00:24:25,400 --> 00:24:31,280 Speaker 1: absolutely matters what you call it. I mean, are you 401 00:24:31,359 --> 00:24:36,840 Speaker 1: kidding me? It doesn't matter what you call it. You know, 402 00:24:36,960 --> 00:24:40,959 Speaker 1: Fox News was at least honest about it and the 403 00:24:40,960 --> 00:24:44,000 Speaker 1: way that they did the story. They summed up the 404 00:24:44,080 --> 00:24:47,320 Speaker 1: reality of the situation in one minute when they broke 405 00:24:47,359 --> 00:24:50,720 Speaker 1: the news about price increases from one year ago being 406 00:24:50,760 --> 00:24:54,679 Speaker 1: up thirty three percent with energy, fifty eight percent with gas, 407 00:24:54,760 --> 00:24:58,879 Speaker 1: and six plus percent with food alone. And they did 408 00:24:58,920 --> 00:25:01,160 Speaker 1: it in one minute. Meanwhile, the media's like, god, crap, 409 00:25:01,200 --> 00:25:03,760 Speaker 1: we can't tell this story is just too honest. First, 410 00:25:03,800 --> 00:25:06,120 Speaker 1: have you seen the shocking inflation numbers that came out 411 00:25:06,119 --> 00:25:08,880 Speaker 1: this morning. This is not what anybody was hoping for. 412 00:25:09,000 --> 00:25:11,520 Speaker 1: But these numbers keep creeping higher as the country plunges 413 00:25:11,560 --> 00:25:14,480 Speaker 1: into territory that we really haven't been in in thirty 414 00:25:14,560 --> 00:25:18,080 Speaker 1: nine years, with some prices popping as much as fifty 415 00:25:18,280 --> 00:25:20,840 Speaker 1: eight percent. That takes a bite out of your wallet 416 00:25:20,880 --> 00:25:23,920 Speaker 1: since last year. So this is obviously a major concern 417 00:25:24,040 --> 00:25:27,280 Speaker 1: for US voters and for families across the nation. As 418 00:25:27,320 --> 00:25:31,720 Speaker 1: these very real concerns including crime and labor shortages as well, 419 00:25:31,920 --> 00:25:36,480 Speaker 1: are prompting some really surprising shifts in party loyalty as 420 00:25:36,520 --> 00:25:39,000 Speaker 1: we look ahead to the midterms. Take a look at 421 00:25:39,000 --> 00:25:41,960 Speaker 1: this poll, which is understandably getting quite a bit of 422 00:25:42,000 --> 00:25:45,520 Speaker 1: attention for people who watch politics and the voting groups 423 00:25:45,720 --> 00:25:47,800 Speaker 1: very closely. According to the new numbers from the Wall 424 00:25:47,840 --> 00:25:53,360 Speaker 1: Street Journal, Hispanic voters are now evenly split in their 425 00:25:53,400 --> 00:25:58,440 Speaker 1: allegiances between Democrats and Republicans. That's a significant move given 426 00:25:58,480 --> 00:26:03,440 Speaker 1: that President Biden President Trump with Hispanic voters by thirty 427 00:26:03,600 --> 00:26:10,199 Speaker 1: points in twenty twenties. I mean, those numbers everyone in 428 00:26:10,240 --> 00:26:14,320 Speaker 1: the media should be talking about now. They're mentioning it, 429 00:26:14,359 --> 00:26:17,800 Speaker 1: but they're not connecting the dot to Joe Biden. They're 430 00:26:17,840 --> 00:26:24,200 Speaker 1: not Biden even saying at the Summit for Democracy at 431 00:26:24,200 --> 00:26:26,960 Speaker 1: the White House, Well, I mean, you want to blame me. 432 00:26:27,359 --> 00:26:30,159 Speaker 1: It's not going to increase inflation, will diminish inflation. It 433 00:26:30,200 --> 00:26:33,720 Speaker 1: has a negative impact on inflation. It doesn't raise inflation. 434 00:26:34,240 --> 00:26:36,960 Speaker 1: But that's hard for people to think about right now 435 00:26:37,359 --> 00:26:40,119 Speaker 1: because inflation is up and there's a direct correlation. In 436 00:26:40,240 --> 00:26:44,080 Speaker 1: most people's mind a wise inflation, will government spending money. Well, 437 00:26:44,080 --> 00:26:46,800 Speaker 1: that's not the reason for the inflation. The reason for 438 00:26:46,880 --> 00:26:50,240 Speaker 1: inflation is that we have a supply chain problem that 439 00:26:50,400 --> 00:26:53,639 Speaker 1: is really severe and it is causing a significant increase 440 00:26:53,680 --> 00:26:57,679 Speaker 1: in prices. So that's it. Just supply chain has nothing 441 00:26:57,680 --> 00:27:00,880 Speaker 1: to do with gas prices, as then do your policies, 442 00:27:01,200 --> 00:27:04,080 Speaker 1: has nothing to do with anything else. Nope, Nope, It's 443 00:27:04,119 --> 00:27:07,080 Speaker 1: just that simple. So I'm gonna I'm gonna down I'm 444 00:27:07,119 --> 00:27:10,960 Speaker 1: gonna downplay this. That's what I'm gonna do. My name 445 00:27:11,119 --> 00:27:14,880 Speaker 1: is Joe Biden. I'm just gonna kind of downplay this because, Hey, 446 00:27:14,920 --> 00:27:17,720 Speaker 1: there's a silver lining in all this, right. I know 447 00:27:17,760 --> 00:27:20,760 Speaker 1: that the price of used cars is skyrocketed fifty percent, 448 00:27:20,880 --> 00:27:23,760 Speaker 1: sixty percent, whatever it is, right, But the good news 449 00:27:23,880 --> 00:27:26,520 Speaker 1: is not everybody's looking for a use automobile. There's your 450 00:27:26,560 --> 00:27:30,080 Speaker 1: silver lining. The downside is prices have gone up because 451 00:27:30,080 --> 00:27:33,240 Speaker 1: of supply chain concerns. We've worked as hard on the 452 00:27:33,280 --> 00:27:36,679 Speaker 1: supply chain concerns. I think you're gonna see, You've already 453 00:27:36,680 --> 00:27:38,560 Speaker 1: begun to see, and you're gonna see over the next 454 00:27:38,840 --> 00:27:41,680 Speaker 1: couple of months, oil prices, gap prices of gas pump 455 00:27:41,720 --> 00:27:45,600 Speaker 1: come down. You know, the biggest one of a third 456 00:27:45,640 --> 00:27:50,880 Speaker 1: of the increase inflation is used automobiles, So I mean 457 00:27:51,040 --> 00:27:54,119 Speaker 1: it is a real problem. But the point is that 458 00:27:54,160 --> 00:27:56,200 Speaker 1: has to do with supply chain as well, but it 459 00:27:56,240 --> 00:27:58,600 Speaker 1: also has to do with the fact that not everybody's 460 00:27:58,600 --> 00:28:00,720 Speaker 1: looking for a use automobile, but those who are, they're 461 00:28:00,760 --> 00:28:03,399 Speaker 1: paying higher prices because there's fewer of them because of 462 00:28:03,359 --> 00:28:05,359 Speaker 1: the COVID and what was sold out in the life. 463 00:28:05,640 --> 00:28:09,560 Speaker 1: So I think it really is it's a real bump 464 00:28:09,600 --> 00:28:12,840 Speaker 1: in the road. It does affects families. When you walk 465 00:28:12,880 --> 00:28:15,959 Speaker 1: in the grocery store and you're paying more for whatever 466 00:28:16,040 --> 00:28:20,240 Speaker 1: you're purchasing, it matters. It matters to people when you're 467 00:28:20,280 --> 00:28:23,480 Speaker 1: paying more for gas. Although in some states we've got 468 00:28:23,520 --> 00:28:25,600 Speaker 1: the price down below three bucks a gallon. But the 469 00:28:25,680 --> 00:28:29,560 Speaker 1: point is it's not gone down quickly enough. But I 470 00:28:29,600 --> 00:28:33,240 Speaker 1: think it will. I think it will. Well, that's encouraging, 471 00:28:33,240 --> 00:28:36,199 Speaker 1: mister President. I think it will. I am not going 472 00:28:36,240 --> 00:28:38,000 Speaker 1: to change any of our policies and make things be 473 00:28:38,040 --> 00:28:41,120 Speaker 1: in the right direction. Nah, I just think it's probably 474 00:28:41,120 --> 00:28:43,120 Speaker 1: gonna work out. What if it doesn't, Oh, I will, 475 00:28:43,480 --> 00:28:47,800 Speaker 1: I think it will. Tyrants don't care about the little people, 476 00:28:47,920 --> 00:28:51,320 Speaker 1: and they don't care about you suffering, and that's what 477 00:28:51,400 --> 00:28:53,120 Speaker 1: you just heard from this president. Well, I mean not 478 00:28:53,120 --> 00:28:55,200 Speaker 1: everybody's looking for a used car. In other words, just 479 00:28:55,280 --> 00:28:56,920 Speaker 1: hold on the one you got a little bit longer, 480 00:28:56,920 --> 00:28:59,240 Speaker 1: and eventually it'll work its way. You know, it work 481 00:28:59,280 --> 00:29:04,240 Speaker 1: its way out. It'll be fine. Eventually, it'll all fix itself. Now, 482 00:29:04,320 --> 00:29:06,080 Speaker 1: let me also say something else real quickly, I think 483 00:29:06,160 --> 00:29:08,800 Speaker 1: is really important. We've been every all the audio I've 484 00:29:08,800 --> 00:29:11,800 Speaker 1: played for you tonight, we'll be in our podcast tomorrow. 485 00:29:11,880 --> 00:29:14,920 Speaker 1: So if you want to kind of put all this 486 00:29:14,960 --> 00:29:17,800 Speaker 1: audio together and let your family and friends know about it, 487 00:29:18,320 --> 00:29:20,160 Speaker 1: you can share a podcast with them, all right. We 488 00:29:20,280 --> 00:29:22,320 Speaker 1: try to put all of our audio clips that we 489 00:29:22,400 --> 00:29:25,800 Speaker 1: put together, and my staff does an amazing job of 490 00:29:25,920 --> 00:29:28,240 Speaker 1: watching the news and getting all of these clips together 491 00:29:28,280 --> 00:29:30,320 Speaker 1: for you so you can hear how the media's governing this. 492 00:29:31,200 --> 00:29:34,720 Speaker 1: Grab our podcasts. It's free. We do our podcasts each 493 00:29:34,760 --> 00:29:38,680 Speaker 1: and every day, so you can grab it Ben Ferguson 494 00:29:38,680 --> 00:29:45,120 Speaker 1: Podcasting on Apple iTunes, you can get it on Spotify, Spreeker, Amazon, 495 00:29:45,840 --> 00:29:48,600 Speaker 1: you can get on Google Play. Wherever you get your podcasts. 496 00:29:48,640 --> 00:29:51,720 Speaker 1: It's free. Make sure you download it and listen to 497 00:29:51,760 --> 00:29:55,840 Speaker 1: it each and every day. It's the Ben Ferguson Podcasts 498 00:29:55,920 --> 00:29:58,240 Speaker 1: grab it and tomorrow's again. We'll have this audio in 499 00:29:58,280 --> 00:30:00,360 Speaker 1: there for you so you can share it with your 500 00:30:00,400 --> 00:30:01,800 Speaker 1: family and your friends.