Economist: ‘Americans already feeling inflation’, passing of 3.5T Biden bill will only make inflation worse
John Solomon Reports
John Solomon
4.7 • 6.3K Ratings
🗓️ 4 October 2021
⏱️ 32 minutes
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Summary
Steve Moore, economist, discusses the effects that inflation is playing into the economy currently, saying ‘Americans are really feeling pinched and squeezed by this inflation’, on one hand ‘our GDP is strong’ but that when you have inflation at 6% this counteracts the 4% ‘wage gains’ the Biden Administration is flaunting, which means that ‘paychecks are actually shrinking’.
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Transcript
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| 0:00.0 | Hi America and welcome to the John Solomon reports podcast. |
| 0:11.1 | This is Sophie Mann sitting in for John Solomon today but don't worry you'll still get to |
| 0:14.8 | hear his voice later in the show. |
| 0:17.4 | We've got a great show today. |
| 0:18.4 | We'll be talking with Washington's third, third district congressional candidate Joe Kent. |
| 0:24.2 | I spoke with him a little bit earlier. |
| 0:26.2 | He's going to be going over a lot of what's happening around the country that he's been |
| 0:29.3 | seeing. |
| 0:30.3 | He just got that very sacred endorsement by former president Donald J. Trump. |
| 0:34.6 | He was excited about that. |
| 0:36.0 | And you know, as a combat veteran, he is fully prepared to talk about Afghanistan. |
| 0:40.4 | What went on there, what we heard from the generals last week and everything that continues |
| 0:44.2 | to come from the fallout. |
| 0:45.8 | A little bit later, John, we'll be talking to economist Steve Moore, who we know well |
| 0:51.4 | on this program and around the site. |
| 0:54.4 | They'll be talking everything about the U.S. economy. |
| 0:57.3 | And you know, we got new consumer price index numbers in last week. |
| 1:00.7 | They're not looking good folks. |
| 1:02.3 | But I mean, you of course already know that. |
| 1:04.3 | So Steve is going to be talking to us a little bit about that. |
| 1:07.0 | He's always fun and exciting to hear from one note just before we get the show really kicked |
| 1:12.5 | off today is that while today's show is great tomorrow, everyone tomorrow. |
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