#MrMarket: Bidenomics generated inflation that the Federal Reserve cannot solve aloe. Veronique de Rugy, Mercatus Center, George Mason University
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 22 September 2023
⏱️ 9 minutes
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Summary
#MrMarket: Bidenomics generated inflation that the Federal Reserve cannot solve aloe. Veronique de Rugy, Mercatus Center, George Mason University
https://www.creators.com/read/veronique-de-rugy/09/23/are-ordinary-americans-buying-bidenomics
1940 Canada
Transcript
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| 0:00.0 | This is CBS, I Am the World, I'm John Batchettor. |
| 0:08.3 | Bydonomics, the President advancing bydonomics as a campaign strategy, and it's working |
| 0:14.7 | very well to understand the President's ambitions to be reelected. |
| 0:19.6 | However, the facts are difficult to explain. |
| 0:24.2 | For example, I learned from Verneak to Reggie of the Mercatus Center, writing a Creator |
| 0:28.6 | Syndicate, that the median household income inflation adjusted in the United States has declined |
| 0:37.3 | from $20.21, $76,330 to $20.22, $74,580. |
| 0:46.1 | That doesn't sound positive. |
| 0:48.0 | How did we get this reduction while enjoying bydonomics and the government being very lavish |
| 0:53.6 | and it's spending? |
| 0:54.6 | It was lavish with Mr. Trump, it's lavish with Mr. Biden. |
| 0:57.6 | Verneak, a very good evening to you. |
| 0:59.4 | We're going backwards. |
| 1:00.8 | Why? |
| 1:01.8 | How did this happen? |
| 1:02.8 | Because, after all, we've been growing, the GDP is positive. |
| 1:05.8 | Good evening to you. |
| 1:06.8 | Good evening, John. |
| 1:08.3 | Well, we're growing, but we're not growing as much as we were growing a few months ago, |
| 1:14.5 | a few, you know, a year or two ago. |
| 1:18.7 | But more importantly, I think inflation is really taking a toll. |
| 1:23.9 | It could be also that some of the, some of the, a lot of the COVID relief has been spent. |
... |
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