governors for relocating those migrants to sanctuary areas. the president is accusing republicans of using those asylum seekers as political props. florida governor ron desantis is responding now by calling the president a hypocrite. biden would fly people in the middle of the night, dump them all across this country. there was no warning on any of this. the minute even a small fraction of what those border towns deal with every day is brought to their front door, they all of a sudden go their virtual signaling is a fraud. bill: the white house is talking about taking legal action. california governor gavin newsom takes it a step further and considering he is asking the department of justice to consider kidnapping charges. got it all covered. we action from tom cotton. let s start at the white house with alexandria hoff. good morning, alex. this morning a meeting is reportedly taking place for possible litigation against governors will be discussed. the white house
People would vote for it. They have lost the common touch. And this. President obama said america would accept 1200 refugees. No, prepare to go to war. Is satire now the effective opposition to President Trump . Well ask erstwhile american ruby wax. Hello. Have the baby boomers robbed the millennials of their future . Probably not, but research out this morning did suggest something extraordinary is happening in terms of intergenerational incomes. The Resolution Foundation says that typical Pensioner Incomes after Housing Costs are now higher than those of people of working age. I cant overstate how unusual that is in the old days we tended to think the aged were poor. But a lot has happened in the last few decades. For one, the old have carried on working. A fifth of pensioner households have a wage earner in them. And of course they are enjoying the fruits of the heyday of the old final Salary Pension Schemes add the way the Housing Market has worked in their favour. And politicians
rate. the big story yesterday, bill, about the settlement between the rail workers and rail companies and the workers are getting 24% pay raise. i was thinking i m having deja vu. that s what happened in the 1970s when you had the double digit inflation and the unions were getting these huge pay raises but they weren t keeping up with inflation. so you are right, the people are getting poorer. the only reason those income numbers from the census bureau reported weren t worse is there is so much government money going into people s pockets. if you took out all the government welfare payments and all that people would have lost a lot more income. bill: fair points there. this is the number that stuns me. 30-year mortgage rate right now 6%. a year ago it was less than 3%. that goes back to the whole point about people every month now, robert, they re paying more for their home to live in. the white house is still blaming putin. this from just yesterday.
Joshua Ronen is a professor of accounting at New York University Stern School of Business and co-editor of the "Journal of Law, Finance, and Accounting."
percent. you know, this is long after a you and i talked and i said we re probably in a recession already. and to put that in perspectiveha ,i looked back all the way to a the second world war in 94% of the time. if you had a decline in gdp that largeth, you were about to have a recession or already in recession. 94% of the time.f and so we ve got a number that s so bad that ninety four percent of the time it signaled that we re in a recession or about to enter one andab it s just not responsible i thinky for jay who i like very much. i had lunch with him when i was the chairman of the council of economic advisors. but i think on thisfor one he s incorrect or being poorly served by the staff. the fact iss that biden has donc and wean go into the details any enormous amount of damage toco the economy and it s showing not only in the inflation numbers but in the income numbers and the output numbers. now people aren t even buying our cars anymore because they don t have the moneyg j. the