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The Brian Lehrer Show

Inflation and Pessimistic Americans

The Brian Lehrer Show

WNYC

Politics, News, News Commentary, Wnyc, Radio, Npr, Arts, New, Lerer, Media, Bryan, Nyc, Daily News, York, Public

4.61.5K Ratings

🗓️ 28 November 2023

⏱️ 11 minutes

🧾️ Download transcript

Summary

Inflation is easing, but Americans are still pessimistic about the economy. Catherine Rampell, opinion columnist at The Washington Post, political/economic commentator at CNN, special correspondent at PBS NewsHour and a contributor to Marketplace, shares inflation numbers, and some analysis about the disconnect between the economy and how people feel about it.

Transcript

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0:00.0

It's the Brian Larra Show on WNYC. Good morning everyone and we begin with some good news today.

0:17.0

In fact, more good economic news from over Thanksgiving weekend adding to the spate of positive economic indicators lately.

0:25.0

This includes prices on some major items going down, not just going up more slowly,

0:30.4

after all the concerns about inflation, after all the actual inflation of the last few years.

0:36.0

From what I've read, things actually getting cheaper now include everybody's favorite indicator, gasoline.

0:42.0

Also airplane tickets, gasoline.

0:42.6

Also airplane tickets, electronics,

0:45.2

including cell phones, televisions, computers,

0:48.0

also sheets and towels, get ready for those white sales,

0:51.5

and also the cost of a typical Thanksgiving dinner actually down

0:55.7

from last year. Also Black Friday and Thanksgiving weekend sales, this is the new good news,

1:01.6

are reported to have hit record levels online

1:04.8

although the mob scenes at big box stores on black Friday morning seem to maybe be

1:09.2

kind of a comic relic of the past at this point with so much shopping of all kinds apparently shifting

1:14.6

more permanently online even post- Pandemic.

1:17.3

Overall the Wall Street Journal reports Black Friday spending was strong but despite all these positive economic indicators, polls show

1:25.7

Americans still very sour on the state of the economy and that has political

1:30.8

implications for 2024.

1:33.0

So Catherine Rampel joins us to discuss.

1:35.7

She is an opinion columnist at the Washington Post.

1:39.3

Politics and Economics Commentator at CNN,

1:42.2

special correspondent for the PBS News Hour, and a

...

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