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Hello and welcome to the Byron York Show, the No-Chit Chat podcast. We like to get

right into it and what we're going to get into today is you probably already know this. Joe

Biden's beyond tone deaf inflation party. Why would you have an inflation party? First of all,

before we explain exactly what this is. Tuesday was a really bad day for the American economy

and thus for Americans. You know, there have been hopes that inflation might be abating and with

all these hopes, there was this idea that the Commerce Department report, the Bureau of Labor

Statistics report that was going to come out, would show inflation going down. What instead,

the report showed, is that prices remain persistently high and something known as core inflation

actually rose in August. So just to tell you the story, I'll read from the Wall Street Journal,

quote, the consumer price index rose 8.3% in August from the same month of the year ago, down from 8.5%

in July and from 9.1% in June, which was the highest inflation rate in four decades. Okay, so that's

good, right? Gone from 9.1 to 8.5 to 8.3. But continuing with the Wall Street Journal, so-called

core CPI, which excludes energy and food prices. Obviously, energy and food prices kind of volatile,

core CPI excludes energy and food prices, increased 6.3% in August from a year earlier up

markedly from the 5.9% rate in both June and July. A signal that broad price pressures strengthened.

Investors and policymakers follow core inflation closely as a reflection of broad underlying

inflation and as a predictor of future inflation. Okay, so this is not good news. This is bad news

on the inflation front and everybody was hoping for good news on the inflation front and Democrats,

...