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The Randi Rhodes Show

Randi Rhodes Show 1-2-24

The Randi Rhodes Show

Randi Rhodes

Business, Government

4.8772 Ratings

🗓️ 2 January 2024

⏱️ 75 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

Mary how does the big man?

0:04.1

Man, man.

0:04.8

We believe that all men are created equal.

0:09.1

To the magnificent mosaic that is American.

0:11.6

From radio beacon to radio beacon.

0:14.7

I have a dream.

0:17.0

Change has come to America.

0:18.8

Believe it.

0:19.3

Help is on the way.

0:20.4

Knock knock. Who's there? It's a pigment of your imagination.

0:24.1

Randy Road Show. Turn up your mind. Well, I think on New Year's Day, a good place to start is let's look at what folks were saying last New Year's at the beginning of this year you had most financial outlets and

0:39.5

many economists assuring us that a recession was inevitable and that the

0:45.3

unemployment rate would have to rise many points in order to get inflation down

0:49.4

go back a year and a half and the price of gas was north of five dollars a gallon

0:54.8

today as i sit and talk to you on new year's eve day there is no recession

1:00.0

uh unemployment has been below four percent for 22 months in a row price of gas this

1:05.6

morning was three dollars and eleven cents on average across the nation and below three

1:09.6

dollars a gallon in 28 states.

1:11.9

Now this combination of lowering inflation and inflation is on a solid glide path back to its pre-pandemic rate.

1:19.9

This combination of tight labor markets and easing prices has led to real wage gains.

1:25.7

On a yearly basis, wages for mid-level workers have been beating prices for nine months in a row.

1:31.3

That's a trend, Mike, not a blip. Now, you reasonably ask, why isn't that reaching more Americans?

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