PLANS TO BRING DOWN COSTS ON
ORDINARY FAMILIES.
>> Harris: WE’VE GONE FROM THE
PRESIDENT IN A VERY FRIENDLY
ROOM.
I TOLD YOU THE AFL-CIO WOULD BE
VERY FRIENDLY.
THESE ARE UNION WORKERS AND HE
JUST TOUTED THAT HE IS THE MOST
PRO UNION PRESIDENT IN AMERICAN
HISTORY.
SO THAT IS A LOVE FEST.
WHAT WE WERE WATCHING FOR WAS
WHETHER OR NOT THE PRESIDENT
WAS GOING TO TALK ABOUT DETAILS
TODAY.
THE MONEY THAT THE MARKETS ARE
BLEEDING.
THIS IS GOING TO AFFECT
EVERYBODY AND IF YOU ARE
LOOKING FOR A JOB AND PEOPLE
DECIDE THEY DON’T WANT TO HIRE
PEOPLE BECAUSE THEY DON’T KNOW
WHERE THE ECONOMY IS GOING
YOU’LL BE IN A STICKY WICKET.
YOU WILL NEED CASH FLOW.
THE PRICES AREN’T COMING DOWN.
THIS IS SOMETHING THAT HE HAS TO TALK ABOUT BUT AS YOU SAW,
TO TALK ABOUT BUT AS YOU SAW,
HE TO TOGGLED OUT OF THAT.
WE’LL KICK BACK IN WITH OUR
TEAM WATCHING IT.
I HAVE SOMEBODY FACT CHECKING
IN.
WE APPRECIATE HER SO MUCH
JACQUI DEANGELIS.
YOUR NOTES ARE FULL.
YOU CAME DOWN WITH BLANK PIECES
OF PAPER.
WHERE DO WE START?
>> LET’S START WITH THE STOP OF
THE SPEECH WHERE HE BASHED WALL
STREET AND BILLIONAIRES.
HE SAID THE MIDDLE CLASS IS HIS
FOCUS AND HE IS ON THE STAGE
SPEAKING TO THE UNION, RIGHT.
THE UNIONS ARE THE MIDDLE
CLASS, HARRIS.
HE LIES WHEN HE SAYS PEOPLE IN
THIS COUNTRY HAVE LESS DEBT AND
MORE SAVINGS NOW.
THEY’RE SUFFERING FROM 8.6%
INFLATION.
REAL WAGES ARE ACTUALLY DOWN
.6%.
PEOPLE ARE LOSING MONEY BECAUSE
INFLATION IS EATING INTO WHAT
THEY ARE MAKING IF THEY CHOOSE
TO GO TO WORK.
THE ONE THING HE HAS ON HIS
SIDE IS THE JOB MARKET RIGHT
NOW BUT REMEMBER, THERE IS 11.4
MILLION OPENINGS.
SOME PEOPLE ARE CHOOSING NOT TO
GO TO WORK BECAUSE THEY FEEL
THEY DON’T GET PAID ENOUGH TO
BE ABLE TO COVER THEIR EXPENSES
AND IF THEY WAIT LONG ENOUGH
MAYBE MORE STIMULUS CHECKS WILL
COME.
>> Harris: SO THEY WILL DRAW
UNEMPLOYMENT AND DRAW ON THE
MONEY THEY CAN FOR AS LONG AS
THEY CAN TO FIGURE OUT WHEN IT
IS BETTER TO GET BACK IN THE
MARKET WHEN THEIR WAGES DON’T
GET ET EN UP BY THE COST OF
MILK AND BABY FORMULA IF YOU
CAN FIND IT.
THERE IS A SHORTAGE OF TAMPONS
TODAY.
NO, THIS IS TRUE.
AND I WAS READING ABOUT THIS
WITH MY TEENS.
ANYTHING THAT IS IN A CATEGORY
WHERE IT HAS TO BE MASS
PRODUCED AND MAKE ITS WAY
THROUGH THAT SUPPLY CHAIN ON A
TRUCK WITH THE PRICE OF DIESEL
OVER $10 A GALLON NOW IS
AFFECTED.
THINGS ARE SLOWING DOWN NOT
BECAUSE WE AREN’T MAKING THEM
BUT BECAUSE WE’RE NOT DRIVING
THEM.
>> ABSOLUTELY.
THE SUPPLY CHAIN IS A HUGE PART
OF THE PROBLEM AND GAS PRICES.
WE’VE DISCUSSED WHAT INFLATION
IS, RIGHT?
TOO MUCH MONEY CHASING TOO FEW
GOODS.
WE AREN’T PRODUCING ENOUGH IN
THIS COUNTRY, INCLUDING PUMPING
OIL AND REFINING GASOLINE.
>> Harris: ANOTHER FACT CHECK
AND I WANT TO GET TO THE PART
WHERE HE SAID HAVE YOU SEEN THE ECONOMY BEFORE I WAS PRESIDENT.
ECONOMY BEFORE I WAS PRESIDENT.
>> YOU ASKED ME WHILE HE WAS
SPEAKING ABOUT THE DEFICIT.
THE PROJECTIONS -- HE IS FAR
OFF THE MARK OF WHERE HE SHOULD
BE RIGHT NOW AND THAT IS
BECAUSE OF THE AMERICAN RESCUE
PLAN AND THE INFRASTRUCTURE
PLAN.
ALL THE SPENDING HE IS DONE HE
IS TOUTING ON THE OTHER SIDE OF
IT.
>> Harris: I WANT TO MAKE SURE
I UNDERSTAND THE SLIGHT OF HAND.
WHAT HE IS SAYING IS TRUE, HE
HAS BROUGHT IT DOWN BY X AMOUNT
BUT NEEDED TO BRING IT DOWN SO
MUCH MORE.
>> IT IS A DISTORTION OF THE
FACTS SO HE COULD MAKE THE
PICTURE LOOK THE WAY HE WANTS
TO.
I WILL BORROW THE WORDS OF BRET
BAIER.
EVERY TIME I GET HIM ON THE
PODIUM AND SPEAK HE IS
DISCONNECTED FROM REALITY.
HE SAYS HE WANTS TO HELP THE
MIDDLE CLASS.
THE MIDDLE CLASS IS SUFFERING
RIGHT NOW.
>> Harris: AS YOU POINTED OUT
HE IS TALKING TO THEM THERE AND
THEY ARE STANDING UP AND
CHEERING.
ARE THEY EVEN REALIZING HOW
MUCH WORSE HIS POLICIES ARE
MAKING THEIR LIVES RIGHT NOW?
THEY ARE BELIEVING WHAT HE IS
SAYING.
>> I’M NOT SURE THEY ARE.
IF ANYBODY CHECKS THEIR 401K
AND A LOT OF UNION WORKERS HAVE
THEM.
LOOK AT THE CARNAGE IN THE
STOCK MARKET YEAR-TO-DATE SINCE
JANUARY.
>> Harris: ON YOUR NETWORK
YESTERDAY MANY OF THE GUESTS
WERE SAYING IF YOU WANTED TO
RETIRE IN THE NEXT 10 YEARS YOU
HAVE TO START TO THINK ABOUT
CASH AND REALLY WHAT YOU ARE
DOING.
AND MOST OF US ARE JUST TRYING
TO GO TO THE STORE.
>> WE’RE TRYING TO GET BY
DAY-TO-DAY.
>> Harris: WE’RE COMING OUT OF
THE PANDEMIC.
IT IS A LOT.
>> THE DISTORTION OF THE FACTS
ABOUT THE PANDEMIC.
HE DUMPED ON PRESIDENT TRUMP
THAT ALL THESE JOBS WERE LOST
AND PEOPLE WERE DYING UNDER
COVID.
THERE WERE MORE COVID DEATHS
UNDER HIS WATCH.
>> Harris: IN THE FIRST SIX
MONTHS OF HIS WATCH.
>> THE ECONOMY WAS SHUT DOWN
AND WE HAD A PANDEMIC ON OUR
HANDS.
HE GOT LUCKY IN THE AFTERMATH
BECAUSE THE VIRUS MUTATED AND
BECOMING MANAGEABLE.
THAT’S LUCK NOT ANYTHING HE DID.
>> Harris: JACKIE DEANGELIS
BREAKING IT DOWN.
>> IT IS HARD TO WATCH
SOMETIMES.
>> Harris: WE NEED TO SEE HOW