disapprove and i know that you re a finance guy, but what about that assessment as the 2024 campaign start to get rolling? mitch: certainly they are going to blame whoever is in the white house whenever there s inflation or something bad goes on with the economy. the question on the campaign trail is whether it s trump or desantis or rfk, jr., doesn t matter, they will have to answer the question, what would i do differently and if your answer is pointing fingers at the previous administration or pointing fingers at the fed that s not an answer, that s juries shifting the blame. i think the real the electorate is going to be paying close attention to what candidates say. mike: mitch roschelle, grateful if your time. you bet, good to see you, mike. mike: thank you. polls have now closed in turkey s runoff election between president erdogan and challenger after neither candidate reached 50% threshold in first round earlier this month as erdogan
mike: is it a case of inflation pushes prices up and even if inflation eases, they don t necessarily come back down? mitch: no. you re correct and the old adage is inflation cures inflation and comes a point where consumers just can t take it anymore and stop buying but little things are happening and if we stick with the theme on memorial day, the hot dog is getting smaller, so normally a 14-ounce hot dog is now an 11-ounce hot dog. so sometimes consumers don t feel it and but the reality is i think we don t have that capitulation factor yet where the consumer has given up and said we can t take it anymore because we saw in the last month there was a meaningful acceleration in spending. mike: okay, to the fox poll. condition of the economy. 18% say excellent or good, more
than 80%, an overwhelming number say fair or poor. is that inflation fatigue? mitch:ing the, i would like to know who the 18% are. i would like to meet one of them. okay, but the other 80 plus percent that is inflation fatigue and it s weighing on all of us but it hasn t stopped the consumer and the reason is the job market is still strong and if you go back to the last time we had inflation in this country, 40 years ago we had a weak job market and inflation. here we still have the strong job market so people are getting paychecks and they are continuing to pay more if the hot dog, more for the ketchup. it s going to be a while and i think the fed when they meet june it s something that doesn t go away. mike: president biden on the economy, 33% approve, 65%
With the Republican presidential primaries looming, Mitch Roschelle said Ron DeSantis was in with a chance if Donald Trump is convicted of campaign violations. but Dan Lazare said the Florida governor had no chance against Trump.