4.9 • 720 Ratings
🗓️ 1 June 2024
⏱️ 13 minutes
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| 0:00.0 | We may have solved the puzzle that has been perplexing the Biden campaign all year. |
| 0:05.5 | I'm Scott Ott with Bill Whittle and Stephen Green. |
| 0:07.4 | This episode of Right Angle is brought to you by the members at bill whittle.com. |
| 0:11.6 | And gentlemen, there's a new study out by some economists that may answer the question of |
| 0:18.6 | how is it possible that the economy is going so well and inflation |
| 0:23.3 | is coming down and yet people don't seem to realize it while the Biden administration |
| 0:27.8 | touts their economic record you find people in key areas of the country that he'll rely on |
| 0:33.2 | to win the election this fall they don't see it that way. |
| 0:37.8 | The study actually showed that in metro areas with more Republicans and independence, |
| 0:45.4 | there actually was higher inflation in 2022. |
| 0:49.8 | This is when the research was compiled, than places where Democrats live. In other words, the people that |
| 0:56.4 | are kind of on the fence or in the middle or Republicans who are thinking, hey, am I going to go |
| 1:01.9 | and vote for Trump or not, are being influenced by higher inflation rates. The Biden administration |
| 1:07.6 | is saying, wait a minute, inflation is down. What the research is showing is |
| 1:12.2 | not where I live. And there are a couple of reasons for this, Steve. And I'll enumerate a couple of |
| 1:19.4 | and you tell me what you think of these ideas. First of all, there's a phenomenon with inflation. |
| 1:26.3 | Inflation is largely a mental condition if a lot of people |
| 1:29.4 | believe that there is inflation then they tend to take actions consistent with inflation or if they |
| 1:34.9 | believe inflation is escalating they tend to do that that workers who are afraid they won't have |
| 1:39.1 | enough money to spend will demand higher wages uh companies that are selling stuff when they see that inflation train coming down the track, they will jack up their prices in preparation for it. |
| 1:50.0 | And so there's a mental aspect that becomes kind of a self-fulfilling prophecy. |
| 1:54.0 | But in seven swing states, they did a survey in seven swing states, and they found that people said that inflation was going the wrong direction, Steve, but from February 23 to February 24, inflation in those states decreased on average from 6% to 3.2%. How much of this do you think is a perception issue that |
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