S11 EP183: Hour 1 - Inflation is Bad. Democrats Did This.
The Erick Erickson Show
Erick Erickson
4.5 • 874 Ratings
🗓️ 13 October 2022
⏱️ 41 minutes
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Transcript
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| 0:00.0 | Welcome to the Eric Erickson Show podcast, Our One. |
| 0:13.5 | Welcome. It is Eric Erickson here. The Eric Erickson Show across the nation. The phone number is 877-97-9-7-3-7-4-25. Alert, alert, alert, alert. |
| 0:26.4 | Herschel Walker joins me at the top of the next hour. That's right. The candidate from Georgia |
| 0:31.4 | will be with me. He debates Raphael Warnock tomorrow night in Savannah. He joins me. |
| 0:36.4 | For those of you listening in delay, it's the second |
| 0:39.1 | hour. For those of you listening live, 106 p.m. Eastern Time. Walker will join me. Now, the big story |
| 0:47.9 | of the day is not even in Georgia. Thank goodness. It's not Georgia. The amount of hate I get from |
| 0:52.1 | people say, all you do is talk about Georgia. It's kind of the center of the political universe right now. I kind of have to. |
| 0:57.8 | The big story of the day is the economy and it's bad. I'm just going to play you a series of audio bits here. |
| 1:07.5 | Just so you kind of see, this is what happened around 8.30 this morning. First, we go to |
| 1:13.2 | Christine Romans. This is CNN. You know, and that is the big question. The Fed has been raising |
| 1:18.4 | interest rates now for months, and these numbers are still near 40-year highs. And when you dig |
| 1:24.1 | inside these numbers, and this is what everyone's really paying close attention to this morning, Biana, when you strip out food and energy, that core inflation, annual core inflation, 6.6%. That is the highest since 1982. So that is a fresh 40-year high for core inflation. And month-over-month core inflation, 0.6%. That matches what we saw in August. |
| 1:46.1 | Overall inflation, you can see on a line chart how it's off the worst levels that we've seen |
| 1:52.4 | earlier this year, maybe showing signs of turning or peaking, and that's what everybody wants |
| 1:57.7 | to know, but what you are feeling year over year, gasoline prices up more than 18% from last year, food prices still up 11% and shelter. |
| 2:07.6 | You know, shelter prices have been rising, and this is the part of the economy that you can't quickly change. |
| 2:12.6 | You can go to different store brands, or you can shop differently and switch out your cuts of meat, right? |
| 2:18.3 | If you're a shopper for your grocery bill, much more difficult when you're talking about your housing costs. |
| 2:22.3 | Now, these rising prices have been so punishing for so long. |
| 2:26.3 | The cost of living adjustment for social security recipients last year, next year we just found out, will be 8.7%. |
| 2:33.3 | So the 70 million people who receive a social |
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