Hello, welcome. It is Eric Erikson here. Happy to have you with me. The phone number is 877-97-9-3-7-4-25. Delighted that you are with me.

Well, I got to spend a little more time on some of the economic news out there in this hour. There's a lot of other stuff I wanted to get to.

But I think that's most important to do that. The Biden administration, I played you the clip

earlier. The Biden administration would have you believe there was zero percent inflation growth

in the last month in July. And while it is technically true, inflation did not go up further,

it still went up 8.5% year over year.

That's pretty big.

It is important, again, I think, to put this in perspective for you.

Overall, the consumer price index is up 8.5% since last year.

Gas is up 44%, fuel oil up 75.6%, meat, poultry, and fish, up 9.3%, milk up 15.6%,

eggs up 38%. Baby food is up 15%.

You can't even find baby formula right now.

Coffee of 20.3%.

Public transportation costs up 19%.

Airfares up 27.7%.

Real average hourly earnings down 3%.

In fact, every month since

Joe Biden's stimulus plan passed at the beginning of 2021 after he took office real

average hourly earnings have declined every month this is the economy in which we are in.

And now there's something else happening.

This is from Bloomberg.

I mentioned it a while back.

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