7/11/24: Trump panics about Project 2025, inflation comes in negative

The David Pakman Show

David Pakman

News, Politics

4.8 • 6.2K Ratings

🗓️ 11 July 2024

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

-- On the Show: -- Inflation comes in negative for June 2024, which MAGA claims to want -- As corporate media focuses on Joe Biden's debate performance, the economy continues to perform stunningly well -- The newest conspiracy spiral, this time pushed on MSNBC, is that former President Barack Obama is orchestrating the removal of President Joe Biden -- An uncontroversial comment from Democratic Senator Richard Blumenthal is spun as anti-Biden -- Democratic Congresswoman Alexandria Ocasio-Cortez files articles of impeachment against Supreme Court justices Clarence Thomas and Samuel Alito -- Donald Trump's most likely VP selections all hate him and have attacked him previously -- A panicked Donald Trump again insists he doesn't know a thing about Project 2025 as the country slowly wakes up to the horrors of the proposal -- Dangerous extremist Michael Davis, the architect of the Article III Project, admits what will happen if Donald Trump becomes President again -- Failed former President Donald Trump makes a stunning admission about his VP selection -- An audibly terrified voicemail caller says that Biden is dying politically and simply cannot win in November -- On the Bonus Show: Milwaukee restaurants worry the RNC won't really help them, children's sugar consumption halved since tax announcement, Ozempic's popularity leading to shortages for diabetics, much more... 🪟 3 Day Blinds: Buy one get one 50% OFF at https://3dayblinds.com/pakman 🛌 Helix Sleep: Get up to 30% OFF + 2 free pillows at https://helixsleep.com/pakman ⚠️ Try Ground News and get 40% OFF the Vantage plan at https://ground.news/pakman 🧦 Strideline: Use code PAKMAN for 20% off at https://strideline.com 💻 Get Private Internet Access for 83% OFF + 4 months free at https://www.piavpn.com/David -- Become a Member: https://www.davidpakman.com/membership -- Become a Patron: https://www.patreon.com/davidpakmanshow -- TDPS Subreddit: http://www.reddit.com/r/thedavidpakmanshow -- Pakman Discord: https://www.davidpakman.com/discord -- David on Facebook: http://www.facebook.com/davidpakmanshow -- Leave a Voicemail: (219)-2DAVIDP Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome everybody. Let's start with the economy today. There is a perspective that
0:11.8	Joe Biden's debate performance is not going to impact the election in November,
0:16.0	but that the state of the economy is, and we have some extraordinary news.
0:21.0	For the first time since 2020 monthly inflation has actually
0:27.8	declined. I will explain to you what this
0:35.0	morning this means.
0:38.0	I will explain to you why the Maga Wright thinks that this morning because it's July we got our June inflation numbers.
0:42.0	Inflation falls 0.1% in June from prior month
0:47.4	helping the case for lower rates we're talking about the federal funds rate the
0:52.4	article explains the monthly
0:54.3	inflation rate dipped in June for the first time in more than four years providing
0:58.8	cover for the Fed to start lowering rates later this year.
1:02.9	The Consumer Price Index, which is a broad measure of goods and services across the U.S. economy,
1:08.0	declined 0.1 percent from May, putting the 12-month rate around 3% around its lowest level in more than three years.
1:18.6	The all-item index rate fell from 3.3% in May when it was flat. If we go and read a little bit lower into the
1:26.0	article, you see that the month over month percent change has been positive dating back
1:31.8	four years. A couple of months it's been zero
1:35.0	zero, down, down 0,
1:36.0	but this is the first actual decline, down 0.1%
1:41.0	in June of 2024. Gas prices also declined in June. Electricity prices
1:51.0	declined in June. Rent had its smallest monthly increase of just 0.2% since
1:58.6	August of 20-20 mine, 2021. Now here's the interesting and important thing here magga people have
	...

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