been recovery from 2008. the prior recovery from the recession, it took so much longer to bring back those jobs and, yet inflation didn t take these levels, didn t come close. so, this is sort of the we ve seen a massive, really vast job recovery, but inflations through the. roof the fed is trying to strike that balance, you can argue that it hasn t. with the numbers we bear that out. but the alternative, and yes, 2008 was a different different economic situation compared to 2020 and today. but you can argue, going the other way and not having that easy money policy in place could ve led to a much faster recovery. ben winck, thank you. coming up next, senator say they ve reached a deal on gun safety. in what could be the biggest
many americans are calling on it? absolutely, first of all thank you for having a, important distinction to make between inflation we re seeing right now and the recession is that we re still pretty firmly an economic recovery. you look at american spending habits, how many jobs were created in may, that s just not the kind of economic numbers, economic data if we were in economic recession. if you are economy was shrinking, if you see it plummet massive layoffs of jobs and johns turns negative asthma and that s what we saw throughout the pandemic. we re at a very different spot now, but americans are really doing the pain of inflation, and that s what s driving the pessimism to record level. so, whether this turns into a recession or not is really the big debate going on. i think we re gonna have to look and see how the federal
feds, the trillion dollars into the banking system over the past decade has gotten us to where we are now, what s the argument there? yeah, so that argument put simply, with all that money added to the economy, more money to go around to workers that is spent buy those workers, and as spotting increases, so it is demand. and that s the problem we have right now, there s so much demand and not a lot of supply. it s not a breakdown about why we had inflation at such high levels, but obviously hindsight is 2020, and you can argue that yes, because of the past decade of policies relatively easy money policy, that set the stage for the inflation that we have today. the fed sort of has a trade-off to make, there s two goals are to promote a healthy labor market and then to also keep pricing increases in check. to keep inflation at healthy levels. the recovery we ve seen from the coronavirus pandemic, it s
next. job recovery, not job growth. their only gaining in jobs we lost from the pandemic. i would also remind the rise in actual it s further down than what inflation is. a net pay cut people are seeing when they go back to these jobs. the way you will get things done isn t by calling republicans bull connor or fighting with sinema and manchin. harris: the new york post reporting president biden has spent 101 days of his presidency at his home in delaware. 28% of his first year in office either at his private home in delaware or the nice beach house. it s raising big red flags with transparency advocates who point out he is not required to