MARXIST DEMS DESTROYING THE ECONOMY
The Great America Show
Fawcett Strategies
4.7 • 1.8K Ratings
🗓️ 28 June 2024
⏱️ 25 minutes
🧾️ Download transcript
Summary
Economist John Lonski says the economy is slowing down. There’s very little growth in retail sales and that’s a warning sign. 200,000 new jobs a month may become a thing of the past with companies deciding to cut payrolls because sales aren’t growing fast enough. With larger layoffs, there’s less consumer spending and we end up in a recession. Lonski says high inflation and high interest rates have caught up with the American consumer. Personal income growth has slowed to 1%, prices are higher and there’s no improvement in their living standards. Unfortunately for Joe Biden, the economic situation gets worse as Election Day approaches. No matter who the Dems put in as their candidate, Americans are tired of “wokeism” they don’t like crime and they don’t like being told what to think.
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Transcript
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| 0:33.6 | Hello everybody and welcome to the Great America Show. Great to have you with us. Some |
| 0:38.3 | economists are saying now we're on track for a recession, but the mainstream media tells |
| 0:43.9 | us this thing is booming. Who to believe? Well, to get a sense of what is going on, we asked |
| 0:50.4 | top economists John Lonsky to join us today to break it all down. |
| 0:55.0 | And now here is John Lonsky and John, great to have you with us again. |
| 0:59.7 | Let's start with what looks to be a troubled economy. |
| 1:04.6 | We're looking at what appears to be a slowdown in so many sectors. |
| 1:09.5 | We're looking at yields that are stubborn and persistent. |
| 1:15.9 | Give us a sense of where you think this economy is right now. |
| 1:20.3 | The economy is slowing down, and I'm not the only one without perception. I was shocked to look at |
| 1:26.8 | what the consensus is forecasting |
| 1:29.9 | for the upcoming retail sales report. |
| 1:32.3 | I think it's a little bit low. |
| 1:33.9 | But reality is, in a year-over-year basis, retail sales are not growing much faster than |
| 1:40.9 | 3%. |
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