Here the economy is on the brink. Now our economy is what are the envy of the world president bite and during his at 2024 stated, the union said under his policies, the American Economy is literally the and what was the cost of everything items consumed by american up by 18 percent. Since the day he took office for the Economic Data support president by this claim, im so i know he was it on this edition a story. Were going to discuss the factors which are contributing to this rise. And if it is fair to put the blame on present 5, lets get started. The President Joe Biden has 2 obstacles. This standing in his way of re election. His failure at the border and the crippling installation caused by his self termed body nomics agenda. Thats by nomics. Now Central Banks around the world are lowering borrowing cost as a global inflation eases for most emerging economies. Yup. With most americans paying more for everything they consume on a daily basis. An Interest Rates at a 23 year high. A co
President joe biden has to obstacles standing in his way of re election. His failure at the border and the crippling inflation caused by his self termed body nomics agenda thats by nomics. Now Central Banks around the world are lowering borrowing cost as a global inflation eases for most emerging economies. Yup. With most americans paying more for everything they consume on a daily basis and Interest Rates at a 23 year high. A con was baffled as to why the American Economy is not even in a recession. Now inflation, its still at 1. 4 percent the month bite and took office and then sky rocketed 9 point one percent of june of 2022 all before falling to 3 percent a year later. But it has been stuck near the still elevated rate since the president s critics have also done this phenomenon by the inflation. Now, record Interest Rates sitting at about 5 percent. The economy has come to a standstill. Inflation is still too high, a further progress in bringing it down. It is not assured and the
I think there is a tremendous ignorance as confusion by many by many people in the leadership responsibility in austria. And, uh, its uh, they have not only missed all the on history they, they are not aware of the austrian, because obligations. Its really about a week of vacation to fulfill um this uh, new tonnage policy. Its uh, the toothbrush neutrality states has its totally different from switzerland. So uh, not knowing how to act and not knowing how to, to conduct uh as a neutral for his c. Uh, i think uh, in the long run it would be to the detriment of the country because a lot of privileges are connected to acting as a neutral country. This means being voted to international organizations. And i wanted the, um, uh, what would be the, the item is outcome of all that. A thank you so much for speaking to us today is always good to have on the account tonight. So for my Austrian Foreign minister, on the head of the Gold Key Center at some features back state university. Thank you.
Lets discuss to joining us now. Our political commentator and radio host, garland nixon and tax attorney and chairman of the americans for, for our taxation. Steve hayes, thank you so much for joining the welcome to the show today. I wanna start with you, steve, on this one because inflation continues to be a big problem in the us. Do you think its fair to blame all of it . Im president biden. A lot of it, not all of it i, i heard the congress somewhat accountable as well. Because even though there is been removed by Many Republican members and not very many, but the freedom cox is primarily to reduce spending, there really hasnt been any appetite to bring spending down. And then you see that things are being passed through congress to continuation yes, its less than the president would have liked, but its still there. But i think you have to look at this great increase in spending federal spending in the debt as a large reason. And youve got people paying on an average 12000. 00 a yea
And of course, the legendary roots crew. Questlove 486. Steve and now, here he is, jimmy fallon [ cheers and applause ] jimmy hey thank you very much welcome oh, hot crowd hot crowd tonight i feel it ooh, a dangerous crowd. Welcome welcome, everybody. Welcome to the tonight show. This is it. Youre here. You made it. Thank you very much, everybody. Welcome. Were gonna have a big show, a a fun show for you tonight. Heres what people are talking about. Hillary clinton got a huge boost for her campaign yesterday when president obama released a video message endorsing her for president. He said he reached the decision entirely on his own, but the video was filmed in hillarys basement and began with Obama Holding up that days newspaper. [ laughter and applause ] just read whats on the paper the video of obama endorsing hillary already has thousands of views online. 17 if you dont count hillary. [ laughter and applause ] obama actually endorsed hillary just hours after he met with Bernie Sand