yet there is more manufacturing. there is more exporting. so right, it s complicated, it s too wants. in my child s across america. i m a parallel of the nuance. i m hearing messaging about inflation being high and the blame being put on joe biden democrats. as good as economically what about americans, as you said. it was bad before covid it s worse now when they say any trouble for something different. this economy isn t working for me. what are they voted for? because joe ministration is adjusting social security above or 8% next year to adjust for inflation. we don t insulin cost being kept. when you re paying out of pocket is kept. what do they think they re voting for on the other side? no one has an answer. i spoke to conserve economist this weekend was quoted new york times saying, and his republican, the sister is nothing the republicans could do that is different. in fact, the one example of conserve governmental world to decided be in a bit about tackling the economy was
we just didn t go up. if not before interest rate snugly appear rates did not go up? you re grocery bills going up. yet you may be earning more yet, the stock market is struggling but will eventuality of a lot. yet there is more manufacturing. there is more exporting. so right, it s complicated, it s too wants. in my child s across america. i m a parallel of the nuance. i m hearing messaging about inflation being high and the blame being put on joe biden democrats. as good as economically what about americans, as you said. it was bad before covid it s worse now when they say any trouble for something different. this economy isn t working for me. what are they voted for? because joe ministration is adjusting social security above or 8% next year to adjust for inflation. we don t insulin cost being kept. when you re paying out of pocket is kept.
which means a simple thing. we re making a lot of money in america. guess what, we are exporting products we ve made rather than jobs. the economy isn t that simple. five days till americans get their say i know the economy is on many many americans minds. yes, inflation is still high, but here s the thing. resorts like, we are also spending more and we re saving less. let s break this down. who better to do it then my partner, my dearest friend here, fellow msnbc host ali. my brother. i know you get as frustrated as i do every day watching, it s a great economy, it s a terrible economy, it s not looking to me. it s a complicated economy. and i want to talk about when parts of inflation. because months ago i got lit up by fox news when i said, one of the dirty little secrets about inflation is that much of the country can t afford it. we are choosing to pay these higher prices. we have two economies before covid.
and the chaos that we saw which followed the budget from september and yields rising borrowing rates and yields rising borrowing rates and the pound plummeting, that seems to have levelled off so i suppose you could point it out and say, well, the basis of the economy isn t as unstable as it was and maybe this time last month, that being said, there still coming into winter with an energy crisis going up and huge black holes in the public finances which need to be filled on november the 17th byjeremy hunt and inflation going up and if you re in a tracker mortgage you re looking at 0.75% rise in the base rate, then thatis 0.75% rise in the base rate, then that is hundreds of pounds extra that is hundreds of pounds extra that you re going to have to find if you want your mortgage. the good news as far as ordinary people are concerned is it is pretty thin on
thank you so much tom sater. unbelievable. coming up, the economy isn t the only challenge that democrats are facing with the midterms just six weeks away now. will crime concerns help republicans win back congress? plus, she could be the next mayor of l.a. and she s also a recent crime victim herself. but now w she s facing a lot of scrutiny after guns from her home were stolen. are there legitimate questions or something more dubious going on? we ll ask next. contestants ready? go! only pay for what you ed. jingle: liberty. liberty. liberty. liberty.