majority so now might north carolina lawmakers have a chance to rethink their stance on all of this. the question is, will they take it? that is the show for tonight. now it s time for the last word with ali velshi in for lawrence. they didn t take their last opportunity to rethink a bill they had a veto proof majority. on i loved your conversation with phillip atiba goff about minneapolis. an interesting point, if you re worried about police forces that are bad in america, minneapolis doesn t top the top 50. doesn t crack the top 50. but he said if you go three consent decrees at a time, which is kind of roughly the average these days, there are very few under the trump administration at all because the trump administration simply didn t believe in that sort of thing. it s gonna take us decades or millennia to figure this out. he was right in saying it s better than not having them, but it s a slow process. i believe the technical term is drop in a bucket, but that doe
opportunity to rethink a bill they had a veto proof majority. on y to another conversation with phillip atiba goff about minneapolis. an interesting point, if you worried about police forces that are bad in america, minneapolis doesn t top the top 50. doesn t crack the top 50. but he said if you go three consecutive degrees at a, time which is kind of roughly the average these days, there are very few under the trump administration at all because the trump administration simply didn t believe in that sort of thing. it s gonna take us decades or millennia to figure this out. he was right in saying it s better than not having them, but it s a slow process. and blew the technical term is drop in a bucket, but that doesn t mean it s not worth talking about. one of the things that make minneapolis interesting though is that the fundamental problem on that police force was the union chief, and that is the case in many american police forces. the police chief, the george floyd,
europe. we ve got remarkably low unemployment. we ve got wages continuing to increase. where are we right now in this economy? i think what you just described is an important place to start which is this virtuous cycle of a tight labor market generating employment, employment generating wage growth, and that helping to spur, to fuel consumer spending. i noticed you mentioned retail sales from this week. that came in well ahead of expectations. and look, consumer spending in this country is close to 70% of gdp. and europe it s more like 55%. so with the american consumer has a strong labor market behind her, that virtuous cycle, that flywheel of gdp, is going to deliver. you mention inflation, which has, of course, been elevated. it actually is growing considerably less quickly here than in europe at this point, but probably more importantly it is down about five points from its peak, so it s slow down a great deal here.
we ve got inflation at least in this part of the world coming down a little bit. it s still persistently high in some places, including in europe. there does seem to be technical recession in some parts of europe. we ve got remarkably low unemployment. we ve got wages continuing to increase. where are we right now in this economy? i think what you just described is an important place to start which is this virtuous cycle of a tight labor market generating employment, employment generating wage growth, and that helping to spur, to fuel consumer spending. i noticed you mentioned retail sales from this week. that came in well ahead of expectations. and look, consumer spending in this country is close to 70% of gdp. and europe it s more like 55%. so with the american consumer