Transcripts for FOXNEWS The Journal Editorial Report 20220115 20:00:30 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
band-aids, jawboning meat producers, shipping producers it never works. the inflation they create is real. they are now going to have to deal the political consequences. david: very close to double-digit inflation. that eventually is passed on to retailers which is passed on consumers meeting all of our prices are going higher. but the white house is in denial but listen to the what the president said the day the numbers came out on wednesday per the president put a statement saying we are making progress and slowing the rate of price increases. kind of scary when you see denial like that. is not even true. if you strip out some of the more volatile prices in those numbers like for food and energy that actually did increase month on month. he did not even get that right. but look, dan gave the important word, denial. what is really scary as we
issues the december release stack out to me transportation services and shelter were up more than 4%. your shelter are not stuck in the port of l.a. somewhere trying to get to you. i think there s more coming kevin hassett another economist a guy who worked for president trump so other side of the aisle said he s worried were going to see double-digit inflation in 2022. if we had that going into the november elections i think biden has a huge problem on his hands. dan, kyle just alluded to it. but empty shelves the worst of both worlds not only higher prices but fewer goods. of course, it can be blamed on omicron, some can be blamed on the supply chain crisis. but it all falls on biden s watch. it does, david. the one thing we should quickly also point out is their policies last year included significant distortions of the labor market.