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The Ben Shapiro Show

Ep. 1256 - Bidinflation

The Ben Shapiro Show

The Daily Wire

News Commentary, News

4.4152.4K Ratings

🗓️ 13 May 2021

⏱️ 49 minutes

🧾️ Download transcript

Summary

President Biden’s policies blow up prices; panic buying hits the Southeast as the gas runs out; and Liz Cheney’s firefight with the GOP is everything the media could hope for. Check out Ben's brand new weekly series, Debunked. Leftist theories debunked in 15 minutes or less. Only on The Daily Wire: https://utm.io/uc9er  Learn more about your ad choices. Visit podcastchoices.com/adchoices Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

President Biden's policies blow up prices, panic buying hits the southeast as the gas runs out,

0:05.1

and Liz Cheney's firefight with the GOP is everything the media could hope for. I'm Ben Shapiro. This is the Ben Shapiro show.

0:15.4

This show is sponsored by ExpressVPN. It's time to stand up to big tech protect your data at ExpressVPN.com.

0:21.4

Slash, Ben, we'll get to all the news in just one moment first. You've heard it said, there are only two sure things in life, death and taxes. Well, there is a third sure thing, and that is you are paying too much money if you are getting your cell phone coverage from Verizon, AT&T or T-Mobile. Instead, switch on over to Pure Talk USA. Switching to Pure Talk will save you money. In fact, Pure Talk saves the average family for over $800 a year. Here is the best part. You don't have to sacrifice coverage because it's on the exact same network as one of those big providers. Friends, switching is super easy. You can keep your phone, keep your number, or you can get huge discounts on the latest iPhones and Android. Right now, you can get unlimited talk, text, and six gigs of data for just 30 bucks a month. And if you go over on data, they're not going to

0:57.1

charge you for it. Just one of the... and Android. Right now, you can get unlimited talk, text, and six gigs of data for just

0:54.2

$30 a month. And if you go over on data, they're not going to charge you for it. Just one of the many reasons they've been named, the top wireless provider by Consumer Affairs. From your cell phone, dial pound 250, say, Ben Shapiro, you will save 50% off your very first month that is pound 250, say Ben Shapiro, and when you go to one of the big cell phone coverage providers they will just not really be very clear about what it is that you are buying they give you these kind of opaque answers as to what it is you get not so at pure talk USA you get a limited talk tech six gives of data for 30 bucks a month and again if you go over on that data they're not going to charge you for it so you got nothing to lose from your cell phone dial pound 250 and say Ben Shapiro to get started, you'll save 50% off your first month and hundreds more down the road. All righty. So, the federal government is now admitting that inflation has set in according to CNBC.com, inflation in April accelerated at its fastest paced in more than 12 years. As the U.S. economic recovery kicked into gear and energy

1:44.4

prices jumped higher, the Labor Department reported on Wednesday. The Consumer Price Index,

1:48.4

which measures a basket of goods, as well as energy and housing costs, rose 4.2% from a year

1:54.2

earlier. A Dow Jones survey had expected a 3.6% increase, this is actually even higher. The month-to-month

1:59.0

gain was 0.8% against the expected

2:02.1

0.2% excluding volatile food and energy prices. Core CPI increased 3% from the same period in 2020

2:08.4

and 0.9% on a monthly basis. So all you have to do to get to that slightly less alarming number

2:13.5

is exclude the two biggest costs that people generally take on, food and energy.

2:18.3

The respective estimates were now 2.3% and 0.3%.

2:22.9

The increase in the annual headline CPI rate was the fastest since September of 2008,

2:27.6

while the monthly gain in core inflation was the largest since 1981.

2:31.6

Okay, so this is the largest core inflation that we've had, month over month, in 40 years.

2:36.7

And we're supposed to be like, okay with this, apparently. Energy prices overall jumped 25% from

2:40.5

a year earlier, including a 49.6%'s increase for gasoline and 37.3% for fuel oil. That came,

2:46.6

even though most energy categories saw decline in April, prices at the pump, which fell 1.4% in April,

2:51.3

have resumed their climb in May with the national average eclipsing $3 a gallon. And remember,

2:55.4

this was all before the colonial pipeline shutdown. Okay, so that massive increase in energy costs

...

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