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Heritage Explains

The Fed and Biden Focus On Everything but Fixing Inflation

Heritage Explains

Heritage Podcast Network

Education

4.7847 Ratings

🗓️ 19 September 2022

⏱️ 16 minutes

🧾️ Download transcript

Summary

We all know American families are being crushed by four-decade high inflation, but the elites remain preoccupied with the likes of diversity hiring and student debt transfers from elites to every day taxpayers. It seems like every time we turn on the TV, we hear the Biden Administration and voices at the Federal Reserve talking about everything but fixing inflation. So what do we do about it? On this episode of Heritage Explains we talk about how to counter the DC elite narrative, and the steps we should be taking to fix this inflation problem once and for all. 


Show Notes:


"Media Elite Play Identity Politics While Americans Suffer From Fed’s Monetary Moves" - https://www.heritage.org/markets-and-finance/commentary/media-elite-play-identity-politics-while-americans-suffer-feds


Related Heritage Explains Episodes:


Heritage Explains: The Real Story Behind Inflation - https://www.heritage.org/budget-and-spending/heritage-explains/the-real-story-behind-inflation


Heritage Explains: Stagflation - https://www.heritage.org/budget-and-spending/heritage-explains/stagflation




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Transcript

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0:00.0

From the Heritage Foundation, I'm Tim Desher, and this is Heritage Explains.

0:31.3

I've seen fire and I've seen rain.

0:38.3

I've seen sunny days that thought they never ran. Exactly four weeks ago today, I signed the Inflation Reduction Act in the law.

0:44.3

A single most important legislation passed in the Congress to combat inflation

0:49.3

and one of the most significant laws in our nation's history in my view.

0:55.0

We're going to lower prescription drug costs, lower health insurance costs, lower energy costs

1:01.5

for millions of families.

1:04.0

Today offers proof that the soul of America is vibrant, the future of America is bright, and the promise of America

1:12.6

is real.

1:13.6

It is real, it is real.

1:16.6

Together, we'll champion investments that lift all American working families, provide

1:23.6

for the future for our kids.

1:25.6

I know it's been a hard few years in this country.

1:28.6

The challenge we face are among the most difficult in history. But I have to tell you, as I stand here today, and a lot of you know me well, I am more optimistic than I've ever been in my entire life about America's future.

1:45.0

We just have to remember who we are.

1:48.0

We are the United States of America.

1:51.0

There is nothing, nothing, nothing we've ever set our mind to,

1:55.0

nothing that we've not been able to accomplish,

1:58.0

nothing beyond our capacity.

2:00.0

So if I've been walking my mind to hear to accomplish. Nothing beyond our capacity.

2:12.6

That's audio taken from the celebration of the Inflation Reduction Act at the White House. At the ceremony, they talked about how great things are and will be in America because of their work.

2:24.6

But as Biden, the Democrats, and James Taylor took a victory lap celebrating their work.

...

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