Continuing to keep its partners connected and engaged, Ooredoo recently held an end-of-year team-building event at Muscat s Al Bustan Palace, a Ritz-Carlton Hotel. During the. | December 12, 2021
now because inflation is outpacing those wage gains. so i just believe that this bill of more borrowing, more spending, more taxes and the trillions of dollars on top of the 3 trillion we ve already spent this year will make the inflation problem worse and that s a killer especially for the lower income people. dana: let me ask you then about the other issue, austan, put this to you. the issue not just inflation but gas prices. yesterday the dcc tried to help the democrats and put out the chart so widely mocked. basically it says gas prices dropped two cents. the washington post columnist said no one would argue that things are going perfectly for president biden and at least politically things have rarely been worse. safe to say having his allies gwynn up defenses as shoddy as this won t help much. what else could they be doing
it was a little odd. one of the surveys, maybe austan can sort that out. i would say a couple of things. first of all, i do think the vaccine mandate, bill, is having a negative effect on employment. there isn t any question about it especially in the healthcare industry where a lot of nurses and doctors and order lease in hospitals have been laid off because of the vaccine mandate. we should back off that. if i were advising joe biden i would say don t go forward with that. it will hurt the labor market. the other issue is what you were just talking about, bill. i think the jobs market very healthy right now. what is the point of having, austan, another $4 trillion of spending at this point? i think it is completely unnecessary and bill, i think those massive tax increases in the bill will hound the economy in 2022 and 2023.
posed to taiwan and investments with initiatives across the world. every aspect of our life and in the security front china is acting more aggressively in making investments. bill: only three years ago that number was considerably lower. it was at 21%. i wonder what the administration of donald trump did to draw the attention to beijing? he went right after the terrorists as soon as he went into office in january of 2017. donald trump, his administration deserves a lot of credit for the challenge that we have to focus on in our country is china. that was a marked shift from previous administrations. there was also hemming and hawing china could be brought in. trump administration made it clear this was a pacing threat and to the biden administration s credit they re following. the question is what are we going to do about it? do we have a clear plan? that s what s happening this weekend and the secretary of defense austan coming to this
it s time to retire the word transitory when talking about inflation. that s a concession, steve. how long have i been saying that on this show, right? i hate to say i told you so. that is behind the curve on that and they ve finally acknowledged inflation is here to stay. i don t see an anti-inflation policy coming out of either the fed or this administration. and you don t have to be a ph.d. economist like austan to understand if you are going to spend and borrow and print more money, that is going to make inflation worse. so i m really worried about what happens in 2022 and 2023 as we see all of these trillions of dollars flushed into the economy at the same time we re raising tax on our businesses. i m very nervous about the future. right now the job market is good. i can t say that for the next six months to a year from now. dana: we ll see what happens. the president will speak at