rightly so about inflation. but there s nothing to suggest a recession is in the works. i believe there is a path through this that entails a soft landing with the economy essentially stabilizing. laura: well, how is that soft landing feeling to you guys out there tonight? how does that woman still have a job when so many americans are now at a risk of losing their jobs? we know why. she became the first woman in the 232 year history of the u.s. department of treasury to hold that position. laura: come on, being a first was more important to biden. instead of being the best. now we are all suffering for the incompetence. the dow is 746 points lower than it was on inauguration day for biden. that means all the gains that we made under trump were totally wiped out. that s before you account for inflation and by the way, things are about to get uglier. walmart announced it would only hire 40,000 retail staff for the holiday shopping period. 40,000 sounds a lot until he rea
i know people are very upset and rightly so about inflation. but there s nothing to suggest that inflation is it? it s recession is in the works. i believe there is a path through this that entails a soft landing with the economy essentially stabilizing. well, how s that sock landing feeling to you guys out there tonight? how does that woman still have a job when so many americans are now at a risk of losing their jobs? well, we know why she became the first woman in the two hundred and thirty two year history of the u.s. department of treasury to hold that position. oh, come on . being a first was always more important to biden than someone actually being the best. and now we re all suffering for all the incompetence. now, the dow is seven hundred and forty six points lower than it was on inauguration day for biden. so that means all the gains that we made under trump, we re totally wiped out. and that s before you account for inflation. and by the way, things are about
remember when we were told that sanctions on russian oil are going to rob putin of all the funds he needed to wage this war? we are enforcing the most significant package of economic sanctions in history, and it s causing significant damage to russia s economy. it has caused russian economy 5%, frankly, crater of course, the opposite is true. foolish energy policies in the west cause energy prices to spike, spending more money and sending more money, of course, into putin s coffers. now, russia is getting a big assist at the same time from president gee and john kerry s friends at the ccp. while india is also keeping the russian energy markets humming. meanwhile, russia simply turns around and uses its nord stream pipeline as a leverage point. the french are suggesting that there should be a turn down in heating so that they re capping the amount of heating that energy is being used over
the next few weeks. other plans in france include delaying heat for public buildings this winter. and now europe is facing its own recession and that s going to drag down the global economy into a very cold winter. and as for the actual progress of the war itself, the entire thing kind of is starting to remind me of iraq. lots of happy talk, no reality checks, ukraine is taking back territory from russia. is this a sign that the war is shifting? do you think this is indeed a turning point in the war for ukraine? i mean, if this isn t what would be was it? it s a very good sign. i m normally fairly guarded and cautious about this, but the tide clearly has turned over and over. we re told the same message that we heard about afghanistan, which is a little bit more money from the united states . in this case, vladimir putin will crack.
we re going to stay with them as long as they need our help. you re already north of 15 billion dollars in terms of those commitments. how far do you go ? as long as it takes iron clad commitment? yes, as long as it takes it could be many years because putin just announced he s calling up three hundred thousand reservists to send to ukraine three hundred thousand did our crack military leadership of austin and milley anticipate any of this? even tom friedman, the elites favorite global thinker, he s sounding the alarm, saying, how does this war end with a stable result? we still don t know. the eu is divided on how to deal with the war, especially where the populous backlash is emerge when people get totally stressed this winter, some european leaders will begin to ask, is there a way out through negotiations ? well, it s a little bit late, don t you think, for the establishment. and now tell us that the whole ukraine saga may not have