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The John Batchelor Show

#Markets: It was inflation that... Liz Peek The Hill. Fox News and Fox Business

The John Batchelor Show

John Batchelor

Books, News, Society & Culture, Arts

4.52.8K Ratings

🗓️ 7 November 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

#Markets:  It was inflation that... Liz Peek The Hill. Fox News and Fox Business

undated Bank of England

Transcript

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0:00.0

this is cbs i on the world here's john bachelor i welcome elizabeth pique a columnist the hill

0:10.3

comrade fox news commenting on elizabeth pique these last two three years liz has written column after

0:18.2

column for the hill and for fox news reprinted often in the New York Sun,

0:23.6

pointing to the excessive spending of the last year of the Trump administration, the first,

0:30.6

second and third year of the Biden administration, the excessive spending being the driver for the inflation that bedeviled the American citizens,

0:40.9

especially the citizens who have paycheck to paycheck, were watching the prices in the grocery

0:46.4

store spike.

0:47.9

Liz, congratulations, because my version of what you did was remind everybody what the problem was and I'd have to say one of the many things that Ms. Harris's campaign did not answer, not even an adequate answer, was that spending.

1:06.0

And maybe because there was no response, maybe because she didn't want to

1:11.5

acknowledge the fact that she was unsupp that she did not support the theory

1:16.3

that spending was driving inflation please restate it now the day after the

1:21.2

election what is it that caused the inflation the 9% spike in 22 and the

1:27.1

continued worries about it coming back good

1:29.3

good day to you Liz good day well yeah everyone is looking at the most recent

1:34.6

inflation numbers and all these big labor settlements that are coming through

1:38.2

Boeing for example just guaranteed their workers raises of 36% over four years

1:44.1

which is almost 10% a year.

1:46.0

And that's just a mighty wage hike, which will have to be passed along to consumers.

1:51.0

And of course, it's not alone.

1:53.0

We've seen big wage agreements in various other, the dock workers.

1:58.0

We're going to see one in January.

2:00.0

Other unions, too, have demanded that they

...

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