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The Erick Erickson Show

S10 EP189: Hour 2 - Inflation Deflates Democrats

The Erick Erickson Show

Erick Erickson

News Commentary, News

4.5876 Ratings

🗓️ 9 November 2021

⏱️ 38 minutes

🧾️ Download transcript

Summary

As inflation rises democrat hopes deflate, Remington like others leaves for a friendlier state to do business in and progressives double down blaming voters for their woes.

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Transcript

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1:00.9

podcast. Indeed.com slash show. Terms and conditions apply. Well, here it comes from the New York Times.

1:47.0

This is the actual headline. If turkey wasn't on the Thanksgiving table, would you miss it? Maybe not if you prepare these vegetarian sides. There will be a turkey on my Thanksgiving table. Thank you very much. I guess I need to send up my turkey brine recipe as the recipe this week. I've been bad about that. I apologize. I've got to get my recipes out. In any of it. Welcome. It's Eric Erickson here. The phone number, if you want to be on the program, 877-9-7-9-7-Ey-7-9-7-3-4-25. I'm going to get into the wokes of education here in a bit. But first,

1:53.3

we've actually got to get into some big news of the day, including inflation. The number is terrible. It's up over 8%. It is the worst we've had on record ties, actually, for the worst we've

2:00.4

had on record. And the Democrats

2:02.0

are doing everything they possibly can to convince folks that it is a good thing. It's,

2:07.8

it's, it's, it's kind of interesting now to see them run through the, the whole propaganda

2:13.7

scenario. But let me set the stage for you just by playing to put it in perspective,

2:18.0

the audio from CNBC. Well, the news is that 30-year tips are at the lowest yield, negative now

2:24.0

at 54 minus 50 more base points ever want to pay attention to that. For October read on the

2:30.7

producer price index, the month-over-month change is up six tenths of one percent,

2:37.0

exactly as expected. And for some context, the post-COVID high watermark here is up 1.2, and that was in January of this year.

2:46.0

If we strip out the all-important food and energy, it's up four tenth of one percent Joe that's one-tenth lighter than expectations both of these are higher than

2:55.1

the rearview mirror look this is double our two tens from last look and if we

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