12/13/22: Inflation Down, "Marshall Law" Texts Leak
The David Pakman Show
David Pakman
4.6 • 2.8K Ratings
🗓️ 13 December 2022
⏱️ 62 minutes
🧾️ Download transcript
Summary
-- On the Show:
-- Joe Walsh, former Republican Congressman from Illinois and host of the podcast "White Flag with Joe Walsh," joins David to discuss the 2024 election, and Republican primary, and much more
-- The latest inflation numbers come in lower than expected, sending stocks soaring, and raising questions about whether the worst is over
-- Right-wing meteorologist Joe Bastardi goes on a completely delusional rant about climate change during an appearance on Fox News' Tucker Carlson show
-- A stunning leak of text messages expose Republicans around the January 6 Trump riots, including Congressman Ralph Norman who was calling for Trump to invoke "Marshall law"
-- A soaking wet Donald Trump is interviewed by his own lawyer, Christina Bobb, on OAN, and the interview is a disaster
-- A stunning new poll shows that nearly two-thirds of Republicans want someone other than Donald Trump to be their 2024 nominee
-- Failed Arizona Republican Gubernatorial candidate Kari Lake is interviewed by former Trump propagandist Steven Bannon, and it's utterly absurd
-- RNC Chair Ronna McDaniel doesn't like being asked about the 2022 torpedo that was Donald Trump
-- Voicemail caller thinks that David is bad for America, and Trump's Twitter followers prove Biden is bad
-- On the Bonus Show: Trump, Kanye, and Nick Fuentes pushing antisemitism to forefront of GOP, NASA's Artemis I returns from the moon, FTX founder Sam Bankman-Fried arrested, much more...
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Transcript
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| 0:00.0 | Well, my friends, inflation has come in and it has come in low. |
| 0:19.8 | And if we want to participate in this ridiculous game, wherein we say, well, if inflation |
| 0:29.1 | going up was Joe Biden's fault, then inflation coming down must be credited to Joe Biden. |
| 0:36.1 | Now you and I and many of the people that are in our audience kind of prefer to operate |
| 0:42.1 | more in the real world, where we don't play these political games with gas prices and |
| 0:47.4 | with inflation. |
| 0:48.9 | So let's not play them. |
| 0:50.1 | Let's just look at the data and understand that inflation is a global phenomenon. |
| 0:54.7 | And we're going to look at global numbers and we're going to punch the microphone as I |
| 0:57.6 | often do when I get excited. |
| 0:59.7 | And we'll hopefully have an understanding of the fact that this is something that shouldn't |
| 1:03.0 | really surprise us because it's been the most likely trajectory for a while. |
| 1:08.5 | Although in general, we are not particularly good as humans at making economic predictions. |
| 1:14.0 | It did seem as though inflation peaked some months ago and it would be lower by the end |
| 1:18.5 | of the year and indeed it is. |
| 1:20.0 | So let's start with the data CNBC reporting consumer prices rose less than expected in |
| 1:26.7 | November up 7.1% from a year ago. |
| 1:31.3 | The consumer price index rose just 0.1% from the previous month increased 7.1% from a |
| 1:37.5 | year ago compared with respective estimates of 0.3 and 7.3%. |
| 1:44.8 | Core CPI, the consumer price index rose 0.2% on the month and 6% on an annual basis compared |
| 1:51.9 | with respective estimates of 0.3% and 6.1% stocks soared. |
| 1:57.9 | The Dow is as of right now up about 400 points. |
... |
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