1/12/23: Inflation Drops Big, Pressure on Santos to Resign
The David Pakman Show
David Pakman
4.6 • 2.8K Ratings
🗓️ 12 January 2023
⏱️ 62 minutes
🧾️ Download transcript
Summary
-- On the Show:
-- Steve Almond, author of the New York Times bestsellers "Candyfreak" and "Against Football," and whose new novel is "All the Secrets of the World," joins David to discuss his recent viral appearance on Fox News with Laura Ingraham to discuss the cardiac arrest incident of Damar Hamlin. Get the latest book by Steve: https://amzn.to/3ZwDyRV
-- Inflation declines to 6.5 year-over-year in the latest report as President Joe Biden's approval continues to climb
-- Alabama Attorney General Steve Marshall says that women in Alabama can be prosecuted for taking the abortion pill
-- Republican officials start to demand that lying Republican Congressman George Santos resign from Congress
-- Lying Republican Congressman George Santos appears to also have lied about his COVID diagnosis
-- Lying Republican Congressman George Santos has already been hit with three ethics complaints
-- MAGA brains appear to break over the recent news regarding Joe Biden and classified documents
-- Yet another Republican has been found guilty of voter fraud, this time a former New York official
-- The Eggman calls in to remind David that despite being from Argentina, he's a "New York white guy"
-- On the Bonus Show: Why US flights were grounded by FAA system outage, Biden administration will select first 10 drugs for price negotiation, House Republicans introduce bill to return federal employees to the office, much more...
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Transcript
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| 0:00.0 | Well, my friends, inflation is down significantly and Joe Biden's approval rating continues to climb |
| 0:23.6 | in a horrible turn of events for the right, which wants to continue to tell the lie that democratic |
| 0:30.3 | presidents are terrible for the economy. Now, you all know that I don't actually play these games |
| 0:36.3 | when it comes to the economy. You all know that when we talk like this, it's sort of tongue-in-cheek |
| 0:41.1 | because the reality is that on many of these issues, presidents have very little influence one |
| 0:45.8 | way or the other. I don't play the gas prices game. I will jokingly say, how did Joe Biden get gas |
| 0:51.3 | prices to be down $1.70 per gallon as they are. But of course, I don't really give him credit for |
| 0:56.7 | that. The same way that I don't blame him for the fact that gas prices went up. But for the right |
| 1:01.7 | wingers that see the world in this way, we should be aware of what is going on. And as I'm an |
| 1:09.1 | idiot when it comes to this stuff, but I predicted we would get down into the sixes in the first part |
| 1:14.9 | of 2023. And inflation would probably be down into the four fives by the middle or third quarter |
| 1:21.7 | of 2023. And we continue to go in that direction. We learned this morning CNBC report consumer |
| 1:28.8 | prices fell 0.1% in December in line with expectations, excluding food and energy core CPI rose 0.3% |
| 1:38.6 | on an annual basis headline CPI meaning top line inflation is now up 6.5% while core inflation |
| 1:47.5 | is up 5.7%. The biggest reason for the easing in inflation came from a sharp drop in gasoline |
| 1:55.0 | prices, which are now lower on a year over your basis. I want to tell everybody again because |
| 2:00.9 | people are so confused and they write to me things that make no sense when we talk about 6.5% |
| 2:08.8 | what we're talking about is over the last year. So we just got the December numbers. So when |
| 2:14.9 | we now say year over year, we're talking about price increase from December 2021 to December 2022 |
| 2:23.5 | every month you shift by one month. What is the 12 month period we're talking about? So in December |
| 2:31.8 | when we got the November number, we were talking about inflation from November 21 to November 22. |
| 2:40.8 | It's now January. We've now added the December 22 inflation data and removed the November 21. So |
... |
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