are for america. they are for favorite constituencies of this administration and not for the average american. sandra: we will get robert responding to that. because federal reserve raised interest rates to tackle inflation under this administration, you know have got a significant drop in new home sales, for example. they have come down by almost 200,000 over the past two years under this presidency. meanwhile, average home prices are up. the average home $416,000 in this country. sales of new and existing homes and existing home sales are down 85% pure and why is it that this administration thinks that embracing this term bidenomics is going to help them as this president is running for election here? is that to me? robert wolf, yes, sir. great. i think i must have heard a different speech. i thought he said we have more
down 12, straight months. americans are not buying it. in a university poll shows americans are split on biden s handling of jobs and employment 33% of handling transportation and energy infrastructure and even lower 34% approve of his handling of inflation. the white house insists, look, they need to continue explaining bideneconomics to people, and they will come around. speak with the polls don t tell the whole story. they don t tell the whole story. and we understand that. we will continue to have those conversations with the american public. now, critics point out inflation is too high and since iran took office, hourly wages down 3%. a conservative group americans for prosperity launched a new campaign called bideneconomics has broken. president biden is trying to convince americans s economic agenda is working. he has even named it the
these are just the facts, headline inflation 1.4. pushing what is not the case for the american people living through. what is your reaction to what you heard? i think one of the reason bidenomics is not popular it is not for everyone but his favorite constituencies. in support of the jones act one of the worst piece of legislation pieces we have ever seen here at the jones act make sure it stays high for every american consumer. great for union guys. it cripples the response in the event of a natural disaster and great for the union guys but hey what happened in puerto rico? nothing. this is a policy that says okay come i don t have something for everyone. i want to make sure you know are good. he is not for you. so these are not policies that
ability to join a union if you are not already in a union. [applause] sandra: all right, you have been listening to president biden there, once again, touting his economic policies. he says they are working to grow the country, grow the economy, bring down inflation. he says wages are pacing inflation. the panel doug and robert wolf. thank you for joining us as mentioned. we will listen to what he had to say and obviously bring in the facts here. we with gdp growth under this president is up 2% in the latest quarter 2023. it was up 6.3% when he took office. that growth has come down. when you are talking about wage growth, real wages meaning accounting for inflation that has gone up under this president, real wage growth is down, down 3%. $11.39 an hour and 2021.
office. like before like when covid-19 started. people couldn t get no jobs. it is really, really high and people can afford that. a lot of inflation and stuff. i think things will go up also so. you can come here world the money is. they say we are better. we are not. sandra: rubber come why it does the administration keep denying people feel this way and it is a reality for them? john: they had a great poll today, sandra that 74% of the people think their personal economics situation will be the same and/or better here that poll also had incredibly high marks with respect to infrastructure prescription drug pricing so there is a lot of things going on but yes, inflation is still here. it has come down as the prior speaker, i think, brian said 12