'So Goes Housing, So Goes the Economy,' Rep. Ralph Norman Says

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🗓️ 11 August 2022

⏱️ 20 minutes

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Summary

For many Americans, buying a home is one of their greatest financial goals. And, according to Rep. Ralph Norman, R-S.C., the health of the economy is tied directly to Americans' ability to purchase real estate. “So goes housing, so goes the economy,” Norman says. “The reason that is, you have over 130 trades [involved in the real estate market] from the architect that draws the plans… to the sheetrock hanger, to the plumber, to the electrician, and the list goes on and on.” When the real estate begins to stabilize, the economy will improve over all, he says. “We know the path that we're on is not sustainable,” the congressman says, adding that it will “take all hands on deck to turn it around.” Norman joins “The Daily Signal Podcast” to discuss the future of America’s economy and real estate market. He also explains how America can strategically end its dependence on China. Also on today’s show, we cover these stories: The consumer price index rose 8.5% since last July. Former President Donald Trump invokes his Fifth Amendment rights during a deposition with New York Attorney General Latisha James' office. The Justice Department charges an Iranian operative for plotting to assassinate former national security adviser John Bolton. Enjoy the show! Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Daily Signal podcast for Thursday, August 11th.
0:09.8	I'm Samantha Rank.
0:11.0	And I'm Doug Blair.
0:12.3	The health of the economy is largely dependent upon American's ability to purchase real estate,
0:17.1	according to South Carolina Congressman Ralph Norman.
0:19.5	In fact, Norman goes so far as to say, so goes housing, so goes the economy.
0:24.1	Our colleague Virginia Allen recently sat down with Representative Norman at the conservative
0:28.0	political action conference in Texas to discuss America's economic future, and why the housing
0:32.9	market plays such a large role in the nation's financial success.
0:36.1	They also discuss the controversy over Hunter Biden and how America can strategically
0:39.9	decrease dependence on China.
0:42.0	But before we get to Virginia's conversation with Congressman Ralph Norman, let's hit today's
0:47.0	top news.
0:59.4	Americans looking for relief from high inflation are going to have to wait.
1:03.1	The Consumer Price Index rose 8.5% from last July, marking another month of near-record
1:09.1	high inflation.
1:10.1	While from June to July, there was no change in the price index, June sought the highest
1:15.0	price increases of President Biden's term so far.
1:18.2	Here's President Biden via WPRI.
1:21.1	Before I begin today, I want to say a word about the news that came out today relative
1:27.6	to the economy.
1:28.6	Actually, I just want to say a number, zero.
	...

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