SAYS WHEN WE GO TO CONNECTICUT
LATER THIS MORNING FOR HIS BUILD
BACK BETTER AGENDA.
>> Bill: WE BRING IN OUR MORNING
TEAM EARLY.
GENTLEMAN, WELCOME.
JASON, YOU STARTED A PRAIRIE
FIRE YESTERDAY.
WHAT WERE YOU THINK INGING?
>> WELL, WHAT I THINK IS GOING
ON IN THE ECONOMY.
KEEP TWO THINGS IN YOUR HEAD AT
ONCE.
ONE IS INFLATION IS REAL.
INFLATION IS CREATING A PROBLEM
FOR FAMILIES.
WE SHOULD DO SOMETHING ABOUT IT.
NUMBER 2, THE REASON WE HAVE
THIS INFLATION IS ACTUALLY
A GOOD REASON.
THE UNEMPLOYMENT RATE HAS COME
DOWN.
THE FAMILY HAS MONEY AND PEOPLE
ARE BUYING MORE THINGS THAN EVER
BEFORE.
THE PROBLEM IS NOT THAT OUR
PORTS STOPPED WORKING.
IT’S THAT PEOPLE ARE BUYING SO
MUCH STUFF AND SO MUCH IS TRYING
TO COME THROUGH THE PORTS WE
HAVE RECORD VOLUME.
THAT HAS A GOOD AND BAD SIDE.
>> Bill: SAW IT COMING AND DID
LITTLE ABOUT IT.
WHY DID THE CHIEF OF STAFF
REPEAT THAT?
>> HAVE THE CHIEF OF STAFF ON TO
ASK HIM THAT QUESTION.
>> [OVERLAPPING TALKING].
>> THE REASON WE ARE HAVING THIS
PROBLEM IS THAT PEOPLE ARE
BUYING A LOT.
I WAS WHEN THE WHITE HOUSE 12
YEARS AGO WHEN WE SUFFERED
A SLOW RECOVERY.
WE DIDN’T HAVE THOSE PROBLEMS THEN.
INFLATION WAS FALLING IN 2009.
BUT WE HAD A HIGH UNEMPLOYMENT
RATE.
THE U.S. ECONOMY IS IN BETTER
SHAPE THAN ALMOST ANY ECONOMY IN
THE WORLD.
BUT YES THE U.S. ECONOMY HAS AN
INFLATION.
>> Bill: HERE’S ONE STATEMENT.
STRUGGLING TO PAY FOOD, FUEL AND
HOUSING BECAUSE OF RISING PRICES
IS NOT A HIGH-CLASS PROBLEM.
BIDEN IS MAKING EVERYONE WORSE
OFF.
THEIR STRATEGY IS TO GASLIGHT
AMERICANS.
YOU SAID THIS WAS YOUR SOCIAL
JUDGMENT.
WHAT YOU ARE EXPLAINING NOW IS
YOUR ECONOMIC THINKING BEHIND
IT.
MY GUESS WOULD BE IF YOU WERE
PAYING $2 A GALLON FOR GAS A
YEAR AGO AND NOW IT’S OVER $4,
THAT’S NOT A HIGH-CLASS PROBLEM
FOR ANYONE.
MIDDLE-CLASS AMERICA IS PAYING
FOR THAT.
>> AMERICANS ARE TRAVELING MORE
THAN THEY WERE A YEAR AGO.
THAT’S A GOOD THING.
AMERICANS ARE SPENDING MORE IN
RESTAURANTS AND ON SPORTING
GOODS AND ON NIGHTS OUT AND ON
TRAVEL.
THAT’S ALL A REALLY GOOD THING?
>> THAT’S WHAT IS MOST
IMPORTANT.
THAT IS HAPPENING BECAUSE EVERY
PERSON IN THIS COUNTRY GOT A
A $2000 CHECK EARLIER THIS YEAR.
THAT WAS DUE TO A COMBINATION OF
THE FIRST LEGISLATION SIGNED BY
PRESIDENT TRUMP AND THE SECOND
LEGISLATION WAS BIGGER SIGNED BY
PRESIDENT BIDEN.
THAT’S HAD A POSITIVE SIDE AND
A NEGATIVE SIDE.
>> Bill: WE WATCHED THIS PLAY
OUT.
WE LOST STEVE.
WE WILL BRING HIM BACK.
THIS IS COVID CABLE AFTERALL.
SOMETIMES IT WORKS AND A LOT OF
TIMES IT DIDN’T.
YOU SAID WITH THE OVERALL
ECONOMY IT’S NOT AN OFF THE
SHELF PLAYBOOK.
YOU SAID THEY ARE TRYING TO
FIGURE IT OUT AS THEY GO.
I DON’T THINK YOU ARE WRONG
ABOUT THAT.
WITH JOBS BEING WEAK OVER THE
PAST TWO MONTHS.
WITH INFLATION, WITH WAGES
COMING OUT OF THE PANDEMIC, HOW
WOULD ANYONE KNOW WHAT THE STATE
OF THE ECONOMY IS BELOW THE
SURFACE?
>> IT’S A VERY UNCERTAIN TIME IN
THE ECONOMY.
NONE OF UNITED STATES HAVE EVER
BEEN THROUGH COMING OUT OF
A A
A GLOBAL PANDEMIC.
I TAKE IN A WIDE RANGE OF DATA.
THE LAST 2 MONTHS HAVE NOT BEEN
AS GOOD AS THE MONTHS BEFORE
THAT.
WE ARE CONTINUING TO MAKE
PROGRESS, BUT NOT AS FAST AS THE
PROGRESS WE WERE MAKING BEFORE.
>> Bill: GO AHEAD.
YOU ARE STANDING BY THIS
HIGH-CLASS PROBLEM THING?
YOU HAVE NOT BACKED AWAY FROM
THAT?
>> THERE IS A GOOD SIDE TO WHAT
IS GOING ON.
PEOPLE ARE SPENDING MORE THAN
BEFORE AND THERE IS A BAD SIDE.
WHENEVER EVERYONE SPENDS MORE,
THAT DRIVES PRICES UP.
>> Bill: WE WILL JOIN THE DEBATE
AGAIN WHEN STEVE MOORE JOINS US.
WE WILL HAVE TO WAIT ANOTHER
TIME.
JASON THANKS FOR COMING IN
TODAY.
YOU GOT A LOT OF ATTENTION.
MAYBE IT WASN’T YOU BUT RON.
WE INVITE RON TO JOIN US EVERY
WEEK ON "AMERICA’S NEWSROOM" AND
I HOPE SOME POINT HE TAKES US