>> DOES PRESIDENT BIDEN TAKE ANY
RESPONSIBILITY FOR HIS POLICIES
POTENTIALLY CONTRIBUTING TO
INFLATION?
>> WHEN YOU TALK ABOUT THE GAS
PRICES RIGHT NOW, THIS IS,
INDEED, PUTIN’S GAS HIKE.
MARIA: NOW, IT ACTUALLY ISN’T.
THE WHITE HOUSE DODGING
QUESTIONS ON INFLATION AS
PRESIDENT BIDEN’S ECONOMIC
CRISIS HITS ANOTHER MILESTONE,
AVERAGE PRICE OF FUEL JUMPING 5
CENTS OVERNIGHT.
A NEW RECORD.
LARA, THIS IS EATING INTO
PEOPLE’S INCOME AND THAT’S WHY
THEY ARE FEELING POOR TODAY?
>> YEAH, IT’S NOT SURPRISING TO
HEAR FROM THE PRESS SECRETARY.
I GUESS SHE’S JUST REITERATING
WHAT SHE’S BEEN TOLD TO SAY.
IT’S TOO BAD WE DON’T HAVE THE
DISINFORMATION TSAR AVAILABLE
BECAUSE IT’S GARBAGE AND
NONSENSE.
PEOPLE CLEARLY UNDERSTAND THAT
SOMETHING IS GOING ON IN AMERICA
THAT ISN’T WORKING FOR THEM.
THEY CAN’T AFFORD THEIR GAS,
THEY CAN’T AFFORD THEIR
GROCERIES, THEY CAN’T FIND BABY
FORMULA AND, YOU KNOW, AT A
CERTAIN POINT PEOPLE ARE GETTING
FRUSTRATED, THEY ARE GETTING FED
UP AND I THINK WE ARE GOING TO
SEE A BIG SHIFT COME NOVEMBER AS
A DIRECT RESULT OF -- OF THESE
EXACT POLICIES OF THE EXACT
RATIONALE THAT GOT INTO THIS
PLACE AND YOU CAN TRACE IT
DIRECTLY BACK TO JOE BIDEN AND
HIS FIRST DECISION AS PRESIDENT
OF THE UNITED STATES WHICH WAS
KILLING THE KEYSTONE XL
PIPELINE, CHANGING OUR ENERGY
POLICY, NO LONGER MAKING AMERICA
ENERGY INDEPENDENT, IT HAS
CAUSED DISASTER JUST DOWNHILL
FROM THERE.
MARIA: I WOULD GO ONE STEP
BEYOND AND I WILL SAY IT’S NOT
JUST JOE BIDEN, IT’S THE
DEMOCRATS.
>> ABSOLUTELY.
MARIA: THE DEMOCRATS PUSHING A
PLAN VALUED AT $5 TRILLION,
SEAN.
THEY TOLD IT WAS 3.9 TRILLION
WHICH WAS MISINFORMATION BECAUSE
THERE WERE GIMMICKS IN THERE.
I WOULD POINT OUT THAT, YES, WE
HAVE A CPI, CONSUMER PRICE INDEX
RIGHT NOW RUNNING AT 8.3% BUT
ALL OF THE STUFF THAT WE ARE
BUYING IS MUCH MORE EXPENSIVE
THAN 8.3%.
YOU HAVE EGGS UP 18%, MEAT UP
17%, FRESH FISH UP 14%, I MEAN,
THE THINGS THAT WE ARE ACTUALLY
BUYING ARE MUCH MORE THAN 8%.
>> IF YOU SHOP FOR 8 KIDS LIKE I
DO AND A WIFE YOU SEE -- YOU
REALLY SEE THE EXPENSE AT THE
GROCERY STORE SKYROCKET.
MARIA: I CAN IMAGINE.
>> I THINK MEMBERS OF CONGRESS
ARE GREAT BELLWETHERS AND YOU
TALK TO THEM AND THEY TALK TO A
LOT OF PEOPLE, THAT’S THEIR JOB
TO GO TO FAIRS, PARADES AND TOWN
HALLS.
ALL OF THEM ARE LIKE, LISTEN,
THE NUMBER ONE ISSUE IS GAS
PRICES, NUMBER 2, PRICES IN THE
GROCERY STORE.
THAT’S WHAT EVERYONE IS TALKING
ABOUT AND, AGAIN, TO YOUR POINT
MARIA, THE SPENDING SIDE, BUILD
BACK BETTER, THEY ARE STILL
PUSHING IT BUT 1.9 TRILLION IN
COVID RELIEF ON TOP OF THE COVID
RELIEF THE REPUBLICANS WITH
PRESIDENT TRUMP HAD PASSED JUST
A COUPLE OF MONTHS BEFORE AND
THEN INFRASTRUCTURE
1.2 TRILLION.
WE HAVE NEVER SEEN ANYTHING LIKE
THIS BEFORE.
IT’S UNBELIEVABLE.
MARIA: IT REALLY IS, BY THE TIME
THEY SIGNED AN INFRASTRUCTURE
INFLATION WAS AT 6%.
>> YEAH.
>> AND IT KEPT GOING UP AND UP.
BUT THERE’S -- THERE’S NO PIVOT,
RIGHT?
>> NO.
MARIA: THERE’S NO
ACKNOWLEDGMENT.
OKAY, MAYBE THE SPEND ASKING
PART OF IT.
LET ME PIVOT TO THE MIDDLE.
JAMES: THERE’S NO PIVOT.
THE PRESIDENT WROTE AN OP-ED
THIS WEEK ON HOW TO FIGHT
INFLATION AND READERS WERE
DISAPPOINTED IN, THEY WERE
HOPING THIS WAS THE MOMENT HE
WAS GOING TO STOP STEPPING ON
THE SUPPLY SIDE OF THE ECONOMY
AND STOP BLAMING PRODUCERS,
WHETHER IT’S MEAT OR OIL AND
START THINKING ABOUT WAYS TO
ENCOURAGE PRODUCTS, CREATION OF
GOODS AND SERVICES.
IF YOU GO BACK TO 1.9 TRILLION
IN MARCH OF 2021, A NUMBER OF
FORMER OBAMA OFFICIALS WARNING
HIM SAYING THIS IS GOING TO BE
AN INFLATION FEEDER.
WE DON’T NEED THIS.
YOU KNOW, THE HUGE AMOUNT OF
MONEY HAS BEEN PUSHED INTO THE
SYSTEM AND HE AND JANET YELLEN
AND THE TEAM IGNORED IT AND WE
ARE PAYING THE PRICE NOW.
MARIA: YEAH, YOU’RE RIGHT.
AND I THINK THAT LONGER TERM
PEOPLE ARE WONDERING WHERE THIS
IS GOING.
OKAY, SO NOW WE HAVE THIS
INFLATION PROBLEM, ARE LAYOFFS
NEXT BECAUSE WE WILL GET INTO A
STORY COMING UP IN THE SHOW
ABOUT TECHNOLOGY COMPANIES ARE
NOW LAYING OFF AT THE SPACE THAT
WE SAW IN 2020?
>> I DON’T THINK WE ARE DOOMED.
IF JOE BIDEN DOES WHAT WE HAVE