SCHEDULE THEY HAD 10 MORE
MINUTES IN THE ROOM BUT THEY
DIDN’T WANT TO TAKE MY QUESTION
ON INFLATION.
SEAN: STEVE FORBES, WHEN JOE
BIDEN TOOK OFFICE THE CONSUMER
PRICE INDEX WAS 1.4%.
JOE BIDEN SAYS THIS IS HIS TOP
PRIORITY TO REDUCE INFLATION. IT SOUNDS LIKE HIS SOLUTIONS MAY
IT SOUNDS LIKE HIS SOLUTIONS MAY
BE THE WRONG SOLUTIONS.
>> CLEARLY HIS POLICIES ARE
FAILING.
THEY ARE DOING EVERYTHING THEY
CAN TO THROTTLE PRODUCTION.
THEY ARE GOING AFTER THE GIG
ECONOMY WHICH WILL LUGE LIVE
RAISE COSTS.
YOU HAVE THE SEC AND OTHER
AGENCIES APPLYING NEW
REGULATIONS THROTTLING THE
NECESSITY.
YOU HAVE A TAX INCREASE COMING
NEXT YEAR.
AND A FEDERAL RESERVE THAT
BELIEVES THE WAY TO CONTROL
INFLATION IS TO MAKE PEOPLE POOR
AND DOWNSIZING THE ECONOMY,
THROWING US INTO A RECESSION.
SEAN: PRESIDENT BIDEN TALKED
ABOUT HOW HE HAS MADE PROGRESS
THE LAST FEW MONTHS.
WHAT I THINK HE WAS REFERRING TO
IS GAS PRICES HAVE GONE DOWN.
HE HAS RELEASED GAS FROM THE
STRATEGIC RESERVE.
PRICES CAME DOWN IN SEPTEMBER
BUT THEY ARE BACK UP IN OCTOBER.
>> WHEN PRICES GO UP IT’S
SOMEBODY ELSE’S FAULT, WHEN THEY
GO DOWN IT’S HIS GENIUS.
NOW IT’S BACK TO SOMEBODY ELSE’S
FAULT.
THE ONLY WAY THEY KNOW HOW TO
CONTROL INFLATION IS WHEN YOU
THROTTLE AN ECONOMY PRICES COME
DOWN BECAUSE PEOPLE WIFE LESS.
WE SEE EUROPE IN A RECESSION.
YOU SEE CHINA AND JAPAN HAVING
PROBLEMS.
OIL PRICES COME DOWN BECAUSE YOU
ARE BUYING LESS OF IT.
SEAN: PRESIDENT BIDEN WAS IN
CALIFORNIA YESTERDAY SPEAKING ON
THE ADMINISTRATION’S PLAN TOLL
LOWER OIL PRICES.
LISTEN TO WHAT HE THINKS WILL
HAPPEN IF REPUBLICANS WIN.
>> WE HAVE AN ELECTION IN A
MONTH.
VOTERS HAVE TO DECIDE.
DEMOCRATS ARE WORKING TO BRING
DOWN THE COST OF THINGS YOU TALK
ABOUT ON AROUND THE KITCHEN
TABLE.
IF REPUBLICANS WIN, INFLATION
WILL GET WORSE.
>> THIS ADMINISTRATION, YOU
SHOULD TAKE THE OPPOSITE OF WHAT
THEY SAY.
WHETHER IT’S FIGHTING INFLATION
OR DOING SOMETHING AGAINST THE
BAD ELEMENTS IN THE WORLD.
THEY SAY THEY SHALL DOING
EVERYTHING THEY CAN TO BRING
DOWN OIL AND GAS PRICES.
REPUBLICANS, HOW ARE THEY GOING
TO RAISE INFLATION?
HE DIDN’T QUITE SAY IT’S NOT
QUITE THAT SIMPLE BUT
REPUBLICANS WILL STOP HIM FROM
CREATING CONDITIONS FOR MORE
INFLATION AND RECESSION.
SEAN: THEY CAN CUT THE SPENDING
TO ADDRESS THIS INFLATION-DRIVEN
WHITE HOUSE AND DEMOCRATIC
CONGRESS.
THE PRESIDENT IS SAYING HE’S
FIGHTING FOR WORKING PEOPLE.
HOURLY WAGE WORKERS HAVE LEFT
THE DEMOCRAT PARTY IN DROVE AND
COME TO THE REPUBLICAN PARTY.
THEY HAVE BEEN REPLACED BY
CORPORATE AMERICA, WALL STREET,
BIG TECH, BUT THE AVERAGE MEN
AND WOMEN OF THIS COUNTRY
REALIZE THE ECONOMIC POLICIES
HAVE BEEN DESTROYING THEIR
ECONOMIC LIVES.
>> WHEN JOE BIDEN SAYS I’M HERE
TO HELP YOU, CLUTCH WHATEVER IS
LEFT OF YOUR WALLET.
AGAIN, HE’S DOING EVERYTHING HE
CAN TO MAKE SURE THE LABOR
MARKETS TIGHTEN UP.
YOU SAW ONE MILLION FEWER
OPENING IN THE JOBS REPORT AND
THE FEDERAL RESERVE CONTINUED TO
RAISE INTEREST RATES WHICH IS
DAMAGING THE ECONOMY.
DON’T LOOK AT WHAT THEY SAY,
LOOK AT WHAT THEY DO.
ONE OF THE THINGS THEY ARE GOING
TO DO IS NOT FUNDS THOSE 80,000
NEW IRS AGENTS WHO WILL BE
HARASSING MIDDLE CLASS AND SMALL
BUSINESSES.
THEY WILL BE SPARED THAT.
THAT WILL BE A GOOD START.
SEAN: THAT MONEY HAS ALREADY
GONE OUT THE DOOR SO THEY WILL
HAVE TO HAVE LEGISLATION TO PULL
THAT BACK.
>> THEY HAVE TO HAVE MONEY FOR THE NEW FISCAL YEAR.
THE NEW FISCAL YEAR.
>> RETAIL SALES REMAIN STAGNANT
IN NOVEMBER.
WHAT DOES THAT MEAN TOO YOU?
>> PEOPLE WILL HAVE TO BUY LESS.
GROCERY SALES LOOK GREAT UP 10
TO 11 PERCENT.
BUT PEOPLE ARE SPENDING MORE AND
GETTING LESS.
IT WAS A DISAPPOINTING REPORT,
AND YOU WILL SEE MORE
DISAPPOINTING REPORTS IN THE
FUTURE.
NOT JUST IN TERMS OF BUYING
FISCAL GOODS.
YOU WILL SEE HIS STARTING IN
SERVICES.
PEOPLE ARE RUNNING OUT MUCH
SPENDING POWER BECAUSE THE
ECONOMY IS SLOWING DOWN.