Hour 1 - Bidenomics Is a Disaster
The Clay Travis and Buck Sexton Show
iHeartPodcasts
4.5 • 11.4K Ratings
🗓️ 14 September 2023
⏱️ 37 minutes
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| 0:00.0 | Welcome to today's edition of the Clay Travis and Buck Sexton Show Podcast. |
| 0:04.8 | It's Thursday, everybody. Welcome to Clay and Buck. We got a lot to talk to you about today |
| 0:10.3 | on the program, looking forward to it. First off, Nancy Pelosi, changing history or changing the rules. |
| 0:20.2 | Which one is, I guess it actually could be both, because it looks like she changed the rules, |
| 0:23.3 | and she's trying to change history. About impeachments, we shall discuss that in a little bit, |
| 0:29.0 | is Hamila ready for running the country? Pelosi was also asked about that. We've got a Trump |
| 0:40.1 | Megan Kelly interview with some interesting exchanges, specifically on COVID and vaccines, |
| 0:49.2 | which I think we will have some time for sure to dive into here. And we've also got some |
| 0:55.2 | of the latest on where the polls stand, where the races stand. But I actually want to take a |
| 1:00.0 | step back for a second, because you're often hearing, and Clay and I both read an editorial in |
| 1:07.1 | the Wall Street Journal today about this. You'll hear about Bidenomics. And essentially the argument |
| 1:13.7 | that is being made is, since we aren't in a horrific recession with mass layoffs and a stock market |
| 1:24.0 | down 30% or more or something, since it isn't pure economic devastation out there, Biden has somehow |
| 1:31.6 | done a good job. That's a very charitable reading to put it mildly of what's actually going on. |
| 1:39.0 | So what this piece looks at is based on census data. Again, this is from the Wall Street Journal. |
| 1:45.8 | Let me give this quote to everybody. Biden is trying to avoid the real story, which is that the |
| 1:51.2 | census bureau says median household income adjusted for inflation fell last year by $1,750 to |
| 1:59.9 | $74,580. It is down $3,670 from 2019. And households in the fourth income quintile, making between |
| 2:12.7 | $94 and $153,000 lost $4600 in 2022 and $6700 since 2019 when you're looking at real household |
| 2:28.4 | income. People are on an annualized basis, thousands of dollars poorer than they were before Biden |
| 2:36.0 | was in charge. A huge part of this play clearly is inflation, which is chewing away at the |
| 2:43.2 | wages of people who live on wages. It's different than people who own a lot of assets that can function |
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