DESPITE THE GDP SHRINKING TWO
CONSECUTIVE QUARTERS PROMPT AND
CONCERNS THE US IS IN THE MIDST
OF A RECESSION.
JOINING ME LIVE TO WEIGH IN ON
ALL OF THIS.
THE PRESIDENT AND COO OF THE
JOB CREATORS NETWORK, THANK YOU
FOR JOINING US.
LET’S PULL UP THIS BILLBOARD,
THE JOB CREATORS NETWORK JUST
PUT OUT IN TIMES SQUARE SHOWING
THE PRESIDENT, YOU CAN SEE IT IS WRITTEN ON THEIR, READ MY
IS WRITTEN ON THEIR, READ MY
LIPS, NO NEW RECESSION.
IT’S THE ECONOMY, STUPID.
WHY THE BILLBOARD?
>> THANKS FOR HAVING ME.
WHY THE BILLBOARD?
SHEER FRUSTRATION LISTENING TO
THE BIDEN ADMINISTRATION FROM
PRESIDENT BIDEN TO HIS ADVISORS
TAKING TWO WEEKS TO SPIN THE
AMERICAN PUBLIC, PUTTING THEM
ON SPIN CYCLE AND TRYING TO
CONVINCE THAN WHAT THEY ARE
FEELING DAY IN AND DAY OUT
EVERY DAY AMERICANS, SMALL
BUSINESS OWNERS DOESN’T REALLY
EXIST, ISN’T REAL.
WHAT THEY ARE FEELING IS THE
PINCH, THE PAIN AT THE PUMP, AT
THE GROCERY STORES, THE PAIN OF
THEIR ELECTRIC BILLS, NOW WE
SEE THE PAIN OF THE ECONOMY,
TWO QUARTERS OF ECONOMIC
DECLINE WHICH FOR THE PAST 40
YEARS ECONOMISTS HAVE SAID THAT
IS THE TRADITIONAL DEFINITION
OF A RECESSION.
AISHAH: YOU ARE TALKING ABOUT
EVERYTHING RISING IN PRICE,
PULL UP THE LATEST NOTABLE
PRICE HIKES ACCORDING TO
CONSUMER PRICE INDEX FROM JUNE.
MIGHT NOT BE A RECESSION AT
1600 PENNSYLVANIA BUT IT IS A
RECESSION FOR MANY AMERICANS.
EVERYTHING IS UP, GASOLINE, AIRFARES ARE UP, HEARING A LOT
AIRFARES ARE UP, HEARING A LOT
OF COMPLAINTS ABOUT THAT.
WHAT IS YOUR ADVICE TO THE
AVERAGE AMERICAN THAT SPEND SO
MUCH OF THEIR INCOME SOMETIMES
25% ON BILLS?
>> THAT THE HARDEST PART.
THAT IS WHERE BIDEN AND THE
REST OF THE ADMINISTRATION
SEEMS OUT OF TOUCH, SO
FRUSTRATING FOR THE AVERAGE
AMERICAN.
EGGS UP 33%, NATURAL GAS 65%.
THESE NUMBERS ARE ASTRONOMICAL.
LOOK AT THE WHOLESALE PRICE,
THESE ARE UP 11%, THERE IS NO
SIGN OF SLOWING DOWN, LOOK AT
THE DATA THE CAME OUT FRIDAY.
THE BIGGEST ADVICE CONSUMERS
AND AMERICANS HAVE IS CASH IS
KEY AND WE HAVE TO CONSERVE
CASH AS MUCH AS POSSIBLE WHICH
MEANS MAKING HARD DECISIONS,
MIGHT NOT TAKE THAT SUMMER TRIP
ANYMORE OR GOING OUT AS MUCH TO
RESTAURANTS, YOU MIGHT HAVE TO
DO THIS AT HOME.
>> WE HAVE THE MANCHIN SCHUMER
DEAL, WANT TO TAX WEALTHY
AMERICANS TO BRING THE DEFICIT
DOWN BUT IN A RECESSION, WHAT
ARE EMPLOYERS TELLING YOU?
ARE YOU FORECASTING JOB CUTS?
>> ABSOLUTELY, NO DOUBT ABOUT
IT.
WE SAW THE DATA COME FOR THE
PAST FEW MONTHS IN OUR INTERNAL
POLLS THAT SHOW SMALL BUSINESS
OWNERS, 2 THIRDS OF NEW JOB
GROWTH COMES FROM SMALL
BUSINESS OWNERS AND NOT FEELING
THE GREAT ECONOMY THAT
PRESIDENT BIDEN IS TALKING
ABOUT, FEELING THE PAIN IN THE
HURT AND IT IS THE NUMBER ONE
THING THEY COMPLAIN ABOUT, THEY
DON’T BELIEVE THIS
ADMINISTRATION UNDERSTAND THEIR
PAIN AND IS DOING ENOUGH TO
ADDRESS IT.
ESPECIALLY FOR SMALL BUSINESS
OWNERS THIS IS MUCH WORSE THAN
IT IS FOR LARGE BUSINESSES,
THEY DON’T HAVE THE ADVANTAGE
OF BINDING POWER.