economy more, you re spreading out the money, that increases demand. we already have supply chain problems. what happens? more inflation. the formula is quite simple. stimulus and spending is giving us moreen nation. we just more inflation. we just have to look over the past year. the proof is there, all the consumers know it and they see it. edward: so, laura, the white house is not signaling any shift in policies like the regulations they added on the energy industry, increasing royalties for drilling on federal lands. the fix to supply chains will take a lot of time, so when does the president take a step back and say, okay, look, we needed to do something differently? well, i think that if you look at the global, worldwide pandemic crisis, you re seeing this happen in countries across the globe. this is not unique to america or american policies, and i will say this: you know, when you look at what dan s saying, it s
edward: fox on top of america s money under siege, inflation at a 40-year high, consumer confidence at a 10-year low. fox s claudia cowan is talking to shoppers who are feeling the pain. claudia? reporter: edward, consumers are seeing high higher prices and in some cases lower inventory at market like this one in mar run county just marin county just north of san francisco. inflation soared to a new 40-year high. the labor department says consumer prices jumped 7.5% last month compared to january of 2021. the steep year-over-year increase since february of 1982. fueled by shortages of supplies and workers, low interest rates, robust consumer spending and more spending out of washington, d.c. on covid relief and that big infrastructure bill,
what happens if they do go into the ukraine? we do nothing, which may be the case, and then how china reacts related to taiwan. so, there s all kinds of geopolitical fallout of this, which doesn t spell good news for the stock market at all. and related back to the fuel issues, that s going to cause more inflation and what s the fed going to do? raise rates. that s a bad thing for the stock market. edward: yeah, and slowing down the economy making borrowing more money and your credit card and interest rates more expensive. brandon, inflation is a tax on people, included in gas prices. what happens between the u.s., russia and ukraine, is there any lesson that taxpayers need to see the uncertainty removed around the world? yeah, you can t control things in a geopolitical sense like covid, but you can have
upcoming midterms heating up as the white house deals with russia to inflation to the border and with early primary voting beginning in texas this week, there are signs latino voters could be moving towards republicans. alicia acuna has more. hi, edward. mcallen, texas is located in u.s. congressional district 15, an open seat and for the first time many analysts say it how leans republican. 90% of the population in hidalgo county is latino. after president biden s win the left leaning pac did a study because donald trump did better than expected. they found in hidalgo county 50,000 latinos voted in 2020 that didn t vote in 2016, and those who voted republican. and the rnc opened community centers all over the country in
bit more in their pocket more money in their pocket, it isn t stretching so favre so far. these policies that the biden administration are pushing would make problems worse. the budget model said build back better drives up inflation even further. it s bad possible .1%. that s edward: i want to ask you about this, month over month inflation numbers are going down, but that s not the case in the last report we got with. month over month inflation leveled off, staying the same. the message has been now don t look at one month. so they re hoping this just settles down, it seems, when the supply chain unclogs, right? i think certainly that s true. i think they also know that the fed is going to act, so those are short-term pressures, but american families care about long-term pressures because childcare costs are going up and not going away, prescription drug costs need to be gotten under control, and the reason it