PRESIDENT BIDEN BECAUSE OF THE
BLOWS BIDEN AND THE WHITE HOUSE
HAVE LANDED ON ALL AMERICANS.
A NEW FOX NEWS POLL SHOWS THAT
ONLY 40% OF VOTERS SAY THEY
APPROVE OF THE JOB THAT HE’S
DOING.
THEY DISAPPROVE OF HIS HANDLING
ON JUST ABOUT EVERYTHING,
INFLATION MOST OF ALL.
THE SAME POLL FINDS THAT 84% OF
AMERICANS SAY THAT BIDEN ECONOMY
IN FAIR OR POOR CONDITION
COMPARED TO 17% WHO THINK IT’S
EXCELLENT OR GOOD.
THAT IS THE LOWEST NUMBER IN
NEARLY A DECADE.
52% BELIEVE IT’S ONLY GOING TO
GET WORSE NEXT YEAR.
JOINING THE CONVERSATION ALL
MORNING LONG, FOUNDING PARTNER
OF MACRO TRENDS ADVISORS,
VISITING RESEARCH FELLOW AT THE
UNIVERSITY OF SAN DIEGO SCHOOL
OF BUSINESS, CO-HOST OF THE NOPO
PODCAST, MITCH ROSCHELLE AND
FORMER SENIOR ADVISOR CHESS CHAN
WHITON.
WHAT DO YOU MAKE OF THIS POLL?
NOT SURPRISING BECAUSE AMERICANS
-- I WOULD CURSE BUT IT’S 6:03
IN THE MORNING.
>>
[LAUGHTER]
>> DAGEN, IT’S TERRIBLE NEWS
FOR THE PRESIDENT AND HE’S
ACTUALLY IN THE WORST CONDITION
IN THE PART OF THE POLL THAT’S
MOST IMPORTANT FOR MIDTERM
ELECTIONS AND FOR THE REELECT,
HE’S AT 68% DISAPPROVAL.
I DIDN’T KNOW YOU COULD GET THAT
HIGH DISAPPROVAL RATING ON THE
ECONOMY BUT THAT’S WHERE HE IS.
EVERYTHING ACROSS THE BOARD,
CRIME, BORDER, UKRAINE, RUSSIA,
ET CETERA, HE’S UNDER WATER.
THE WHITE HOUSE TALKING POINTS,
TRYING TO BLAME INFLATION NOT
WHERE THE BLAME TRULY LIES WHICH
IS ON THE DRUNKEN SAILOR
SPENDING WASHINGTON AND MONEY
PRINTING BY THE FEDERAL RESERVE
AND TRYING TO BLAME ALL THE
PROBLEMS ON VLADIMIR PUTIN NOT
GOOD FOR THE PRESIDENT.
PRESIDENTS OFTEN GET A LITTLE
BIT OF A BUMP FROM FOREIGN
TRAVEL.
HE JUST CAME BACK FROM THE
MIDDLE EAST, HE WENT HAT IN HAND
TO SAUDI ARABIA AND CAME BACK
WITH NOTHING.
NADA.
BUPKUS AND LIED ABOUT IT, SAYING
HE GOT THEM A AGREE TO MORE OIL
AND HE DIDN’T AND RAISED THE
HUMAN RIGHTS ISSUE, HE EVERY DAY
SEEMS TO BE A BAD DAY FOR JOE
BIDEN.
DAGEN: WHAT DO YOU MAKE OF THE
POLLS, CHRISTIAN NOTED 68%
DISAPPROVE OF HIS HANDLING ON
THE ECONOMY, 73% ON INFLATION.
AND SO THE GAME OF BLAME THAT
THIS ADMINISTRATION HAS BEEN
TRYING TO PLAY ISN’T WORKING
BECAUSE PEOPLE KNOW WHY WE HAVE
RUN-AWAY INFLATION, IT’S BECAUSE
OF BIDEN’S SPENDING AGENDA WHICH
WE’LL GET TO AS THE SHOW MOVES
ON.
BERNIE SANDERS IS VERY UPSET,
VERY ANGRY THAT THEY CAN’T SPEND
MORE MONEY ON THEIR CLIMATE
AGENDA BUT ALSO I POINT TO THE
FEDERAL RESERVE AND THE RECKLESS
MONETARY POLICY WHICH BIDEN ALSO
OWNS BECAUSE HE REAPPOINTED JAY
POWELL AS THE CHIEF OF THE FED
AND EVEN POLITICALLY HE COULD
HAVE USED THAT, SAID I’M GETTING
RID OF JAY POWELL, I’M
APPOINTING MY OWN INDIVIDUAL TO
RUN THE FED, HE DIDN’T DO THAT.
WHAT DO YOU MAKE OF THE POLLS.
>> I JUST GOT BACK DRIVING FROM
FLORIDA TO NEW YORK, THERE’S NO
BETTER WAY TO GET A FEEL FOR HOW
AMERICANS FEEL THAN TO STOP AT
GAS STATIONS UP AND DOWN THE
EAST COAST WHEN I’M BUYING BEEF
JERKY, I’M TALKING TO FOLKS.
AND EVERYBODY’S UPSET ABOUT
INFLATION, EVEN THOUGH THE PRICE
OF FUEL HAS COME DOWN, THEY’RE
UPSET ABOUT INFLATION.
IT’S INSIDIOUS.
BUT THE PROBLEM IS, PUTIN’S NOT
IN THE NEWS CYCLE ANYMORE.
THE WAR IN UKRAINE IS NOT IN THE
NEWS CYCLE.
WHAT IS, IT’S INFLATION.
IT DOESN’T SEEM LIKE ANYBODY IS
DOING ANYTHING ABOUT IT.
I THINK THAT’S THE BIGGEST
REASON.
IT’S BECAUSE IT’S RUN-AWAY, IT’S
OUT-OF-CONTROL AND DOESN’T SEEM
LIKE THERE’S A PLAN THAT
EVERYDAY AMERICANS CAN
UNDERSTAND.
DAGEN: I WOULD NOTE WHAT KEVIN
HASSETT TOLD MARCH YA WHEN YARR
WAS ON -- MARIA WHEN HE WAS ON
THE SHOW LAST WEEK, THE FORMER
COUNCIL OF ECONOMIC ADVISORS.
INFLATION FOR EVERYDAY ITEMS
OVER THE LAST TWO MONTHS,
NECESSITIES, THINGS PEOPLE NEED
TO BUY, IT’S RUNNING AT AN
ANNUALIZED RATE OF 32%.
HASSETT SAID A, QUOTE, VERY
TREACHEROUS TIME IN THE AMERICAN
ECONOMY AND HE THINKS THE
FEDERAL RESERVE WILL HAVE TO
HIKE BETWEEN MEETINGS.
THAT’S WHAT ALL AMERICANS ARE
FACING.
>> RIGHT.
AND PEOPLE REALIZE THIS.
PEOPLE WHO DON’T REALLY SPEND
THEIR DAY THINKING ABOUT GDP OR
WHETHER WE HAVE TOO MANY DOLLARS
CHASING TOO FEW GOODS OR WHETHER
AGGREGATE SUPPLY IS GOING TO
SHIFT LEFT OR RIGHT, THEY GO TO
THE GROCERY STORE N GO TO THE
GAGES AND THEY UNDERSTAND THAT A
-- GAS STATION AND THEY
UNDERSTAND THEIR BUYING POWER IS
BEING ERODED.
MOST PEOPLE THINK WE’RE GOING IN
THE WRONG DIRECTION.
I THINK WE ARE TOO.
JOE BIDEN BROUGHT THE PRICE OF
OIL DOWN BELOW $100 A BARREL
THROUGH INSTIGATING A RECESSION.
IT’S AGAIN, NOTHING REALLY
BRIGHT OUT THERE FOR THE
DEMOCRATS OR BIDEN IN THIS NEWS.
DAGEN: AMERICAN WORKERS
SUFFERING THE LARGEST DECLINE,
LARGEST REDUCTION IN REAL WAGES
SINCE THE 1970s.
SO JIMMY CARTER’S EXPECTING A
RING-A DING-DING BECAUSE KNOWS