Posted on Sep 15, 2022
Larry Kudlow: This inflation scourge has given average working folks a 3.4% wage cut over the...
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Democrat economist Larry Summers warned President Biden and his administration both last year and this year about over-spending on inflation..
Economist Larry Kudlow was in the Reagan and Trump administrations. He is not someone that reads from a script. Kudlow also warned Biden of the same peril. Now it is too late and the inflation damage is here.
This is a transcript of his show that is on at 14:00 mountain time every weekday on Sirius XM channel 113.
It doesn't take an International Business Marketing graduate like me to figure this out.
Anybody who took basic finance and basic economics at the community college level knows this is what normally happens with reckless spending.
This was all preventable. You can't blame President Putin and the invasion of Ukraine.
It was really funny to see president Biden and his top Leadership ( Chuck Schumer and Nancy Pelosi) celebrating the inflation reduction act while the Dow Jones industrial average is dropping over 1300 points on a separate screen while they were celebrating. Self- aggrandizement of stupidity just makes it a forgettable stupid moment in history.
Musician James Taylor playing a song about suicide and heroin drug abuse didn't make things any better..
Maybe he just should have stuck with playing America the Beautiful.
8% inflation means that your money is worth half as much in 9 years. The goal is to keep it under 2%. When president trump left office 19 months ago, inflation was at 1.2%. Even at 2% inflation, your money would be worth half its value in 36 years.
You can't blame president Putin for this overall inflation Since President Biden took office. Most of this inflation was self-inflicted by all the spending.
The Biden Inflation Reduction Show was a failure. How much more damage can he do in the next 2 years?
The Cavalry is coming in November and I forsee Gridlock in Congress until 2024.
Economist Larry Kudlow was in the Reagan and Trump administrations. He is not someone that reads from a script. Kudlow also warned Biden of the same peril. Now it is too late and the inflation damage is here.
This is a transcript of his show that is on at 14:00 mountain time every weekday on Sirius XM channel 113.
It doesn't take an International Business Marketing graduate like me to figure this out.
Anybody who took basic finance and basic economics at the community college level knows this is what normally happens with reckless spending.
This was all preventable. You can't blame President Putin and the invasion of Ukraine.
It was really funny to see president Biden and his top Leadership ( Chuck Schumer and Nancy Pelosi) celebrating the inflation reduction act while the Dow Jones industrial average is dropping over 1300 points on a separate screen while they were celebrating. Self- aggrandizement of stupidity just makes it a forgettable stupid moment in history.
Musician James Taylor playing a song about suicide and heroin drug abuse didn't make things any better..
Maybe he just should have stuck with playing America the Beautiful.
8% inflation means that your money is worth half as much in 9 years. The goal is to keep it under 2%. When president trump left office 19 months ago, inflation was at 1.2%. Even at 2% inflation, your money would be worth half its value in 36 years.
You can't blame president Putin for this overall inflation Since President Biden took office. Most of this inflation was self-inflicted by all the spending.
The Biden Inflation Reduction Show was a failure. How much more damage can he do in the next 2 years?
The Cavalry is coming in November and I forsee Gridlock in Congress until 2024.
Larry Kudlow: This inflation scourge has given average working folks a 3.4% wage cut over the...
Posted from foxbusiness.com
Economy
Future
American History
Fox News Channel
Economics
Edited 2 y ago
Posted 2 y ago
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Joe takes office in Jan 2021 -
2021 average inflation rate is 4.7%
2022 average inflation rate so far is 8.3%
Its not a coincidence that all the left talks about is "not Trump" its the only platform they have that has a dwindling number of supporters. Their Trumpism hysteria is not normal political opposition - it is evidence of a mass psychological malady and horrible outcomes of their political agenda. As the left try to bludgeon Trump supporters into submission they fail to realize that Trump’s ability to endure their scorn, threats and bullying is one of his greatest points of appeal to those who voted for him in 2016. They are only pouring gasoline onto the fire and making him a stronger candidate. This is all due to Joe not being able to run a campaign based on his policies.
2021 average inflation rate is 4.7%
2022 average inflation rate so far is 8.3%
Its not a coincidence that all the left talks about is "not Trump" its the only platform they have that has a dwindling number of supporters. Their Trumpism hysteria is not normal political opposition - it is evidence of a mass psychological malady and horrible outcomes of their political agenda. As the left try to bludgeon Trump supporters into submission they fail to realize that Trump’s ability to endure their scorn, threats and bullying is one of his greatest points of appeal to those who voted for him in 2016. They are only pouring gasoline onto the fire and making him a stronger candidate. This is all due to Joe not being able to run a campaign based on his policies.
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SPC David S.
You mean the pandemic that Biden was going to end by leaving the border wide open and sending infected migrants to major cites across the US or the war he started by plagiarizing Obama's foreign policy. The same one used when Russia invaded in 2014 and saying things like "minor incursion".
https://newrepublic.com/article/165053/biden-quits-covid-fight
https://www.defensenews.com/congress/2022/01/13/amid-border-crisis-pentagon-nominee-criticizes-obama-response-to-russias-ukraine-invasion/
https://newrepublic.com/article/165053/biden-quits-covid-fight
https://www.defensenews.com/congress/2022/01/13/amid-border-crisis-pentagon-nominee-criticizes-obama-response-to-russias-ukraine-invasion/
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LTC (Join to see)
SPC David S. it's funny that a tennis star who can't come into the US to play a tournament isn't allowed in but if you came as an illegal to the southern border he could sneak in and then go to the tournament. How foxtrot up is that?
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LTC (Join to see)
SPC David S. I forgot to add the tennis star was unvaccinated and he couldn't come into the USA But if he came in as an illegal alien, it would be a different story.
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SPC David S.
LTC (Join to see) - they would have gotten a cell phone, a bus ticket and more than likely a hotel room and tickets to the game.
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And Sleepy Joe is dancing a victory dance over his great "inflation reduction" act
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