part and let s not forget a big reason we are seeing this inflation is because of this ticket was amount of spending out of washington, cheapens the buying power of people s pocketed people understand that. democrats and president biden talking about how we want to lower the price of child care. everybody wants to lower the price of childcare. the problem is can you do it? when they go to the gas pump and the grocery store and they see that buying hamburger for their family is $7 a pound or package of bacon $7 a pound that they will somehow do something, that is not, they just want more money. price controls worked so well, this happened yesterday, the press secretary comes out and this news keeps rolling in,
seeing this inflation is because of this ridiculous amount of spending out of washington that all of which cheapens the value of your buying power of the money that people have in their pockets. people understand that. that s why democrats and joe biden in that speech today was talking about this. talking about how we want to lowter price of child care. everybody wants to lower the price of child care. of course, we would all love that. the problem is can you do it? what are your plans? when they go to the gas pump and the store and see that buying hamburger for their family is $7 a pound or a package of bacon is $7 a pound, the idea that they re going to do something to lower the price laura: it s ridiculous. they just want more money. laura: price controls? that worked out so well the last jason, this happened yesterday. so the white house press secretary comes out and it s all this bad economic news that rolls in. she tries to spin it by saying
difference between people paying more for that burrito versus paying more for big mac. the passion and the devotees are very different. i don t think so. haveow ever eaten a big mac? i have. you know a lot of mcdonald s customers who would pay more up to 50% more for that big mac to support those higher it s not charity neil. this is the thing. people pay more money because they have a better experience in a restaurant, whether it s mcdonald s or chipotle. i understand that. chipotle they have this great experience. chipotle people will happily pay more for something and it works out for arch, is very different than saying mcdonald s or the neighborhood diner is going to pay more for that help. right? i think they will. i think that the price elasticity at mcdonald s is something you understatement, and people would rather have be buying hamburger from somebody that their tax dollars