S11 EP164: Hour 1 - The Worst Day for Stocks and Biden
The Erick Erickson Show
Erick Erickson
4.5 • 874 Ratings
🗓️ 14 September 2022
⏱️ 37 minutes
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Transcript
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| 0:00.0 | Welcome to the Eric Erickson Show podcast, Our One. |
| 0:12.3 | Hello and welcome. It is Eric Erickson here across the nation. The phone number |
| 0:16.8 | 877-973-7-4-25. If you want to be on the program well the stock market |
| 0:25.8 | recovering a little bit probably not enough to offset yesterday's losses I'm |
| 0:34.0 | gonna restart where I was from yesterday because it because it really actually is important to reiterate this. |
| 0:41.7 | Events do change things. |
| 0:44.3 | And for all of the wind of the Democrats' backs narratives we've had, it looks like it's an economic hurricane that's blowing their ships and probably going to sink them. |
| 0:56.0 | Yesterday was not good for a variety of reasons. You had the worst stock market dip crash, if you will, since July of |
| 1:06.4 | 2020. He's down over 1,200,300 points. |
| 1:11.6 | And there was a wild event at the White House where they celebrated the Inflation Reduction Act. |
| 1:20.6 | And literally both CNN and Fox News had split screens where you saw Joe Biden and the Democrats celebrating the |
| 1:29.0 | inflation reduction act while the markets were crashing. Here's Peter Ducey on |
| 1:34.6 | Fox News this morning. The inflation report being bad in the morning did not stop |
| 1:39.2 | the party about inflation in the afternoon. Today offers proof that the sole of America is vibrant, |
| 1:47.0 | the future of America is bright, |
| 1:49.0 | and the promise of America is real. |
| 1:52.0 | It is real, it is real. |
| 1:55.0 | Well, this is real. |
| 1:57.0 | Prices are 8.3% higher than this time last year, |
| 2:00.0 | and that includes essentials like groceries up 13.5% since August 2021. |
| 2:06.8 | And energy bills up 15.8% since August 2021. |
| 2:11.7 | The stock market did not react well with the Dow shaving off 1,276 points in a day. I mean, the split screen was amazing. In fact, |
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