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Welcome to the commentary magazine daily podcast.

Today is Friday, July 29, 2022. I'm John Poppaw. It's the editor of commentary magazine with me as always executive editor eight greenwald hi eight.

I jump associate editor and author of the rise of the new Puritans. No, Rossman. I know. Hi John.

Christine Rosen is out and joining us in her stead is Washington commentary columnist founding editor of the free beacon, AEI scholar and author of the right.

The hundred year war for American conservatism Matthew cotton. Eddie hi math. Hello John. So even I are the only people here who don't have books out that you should buy so we're very we hate you just to just to make that clear we hate both what are you doing here podcasting you got to hit the day at start don't start don't start don't start when when's your next book coming out that is the question that all writers just love.

It takes a long time for books to form they have to marinate you have to research you have to really contemplate the big questions of existence. So you have plenty of time. Oh, thank you so much.

You know who you know who seems apparently to have all the time in the world will obviously win a second term and possibly be being named president for life.

Not that his life will necessarily be that long is is is Joseph Robin at Biden Jr.

So Lee as a result of the fact that this bill emerged from the brains of Joe mansion and Chuck Schumer the bill that both spends hundreds of billions of dollars of government resources on climate change and also somehow will mysteriously reduce inflation and the deficit.

Because this thing came out two days ago. Biden's back is not only back he's better than ever he's not only better than ever.

But his entire presidency has now taken just an unbelievably positive term.

Somehow some way Joe Biden is back in the game rights a political this morning in a piece called Biden enters the always be closing phase of his first term suddenly overnight real progress has been teed up for the White House can the president deliver.

After enduring a brilliant dominated by economic angst legislative setbacks and sinking approval rings the president is suddenly on the verge of a turnaround that the White House believes could salvage his summer and alter the trajectory of his presidency.

Wow.

What also happened yesterday.

But I remember was yesterday the day that what anybody have remember what happened yesterday hard to remember GDP number GDP number twos consecutive quarters of negative economic growth.

What happened on on Wednesday aside from this announcement anybody remember that the fed raised interest rates by 75 basis points.

Second highest indicator today from the Bureau of economic analysis incomes rose in June by 0.6%.

Spending Group by 1.1%.

So...

you're spending more about things cost more money.

...