investments playing out, the 5000 investments in 4500 communities across this country, we are starting to see some results. the conference posted its highest consumer confidence reading since january of 2022. sentiment have hosted at the highest reading sets 2021. more work to do there. we think as these trends continue the favorable trends continue and biden onyx continues to take hold, these measures will improve. shannon: is a lot to break down there for the sake of the president took office inflation was at 1.4%. it has skyrocketed to nine. yes, positive or moving in the right direction paid for most people it is still 3% is well above where we were when he got started. prices are still up for all kinds ofs. wages have been outpaced by inflation 27 out of 38 months. that feat through whatever savings they had during the pandemic. here s reality for some folks.
tamika devine, former campaign advisor and surrogate. jason, your opening thoughts. the problem that the biden administration has is that there are some hard facts that it is going up against right now. when biden took office, the economy was growing at more than 6%. now it is growing at less than 2%. when biden took office inflation was 1.4%. it has reached a four-decade highs under president biden. now it has come down somewhat but for things like food and gas and housing, it is still up around 5%. that s a problem. particularly since wages have not grown as fast as inflation. so after considering inflation, americans have had a pay cut under biden. that s the dilemma he has 15 months out from his re-election bid. harris: a pay cut, tamika. it is easy to argue what feels like a tax hike when everything
in their pocket, more projects being built in their area, more work getting don t, inflation is going down, gas prices are going down, all of that takes a little bit of time, biden came in a horrible period, he came passed historic legislation and in the next two years you are going to see all of that take effect and that s going to be great news for president running for reelection. mike: okay. so speaking of pocketbook. money in your pocket versus last year, 12% say they have more money in their pocket, 31% less. 57% the same. so garrett, how do you read those numbers? i think it s just bad news for the president when you ve talking about people, you know, having less money in their pocket, less money in their savings, still being hurt by inflation when the president took office inflation still at 6%, it s been up to 9% during the time of presidency. he s under water handling the economy by under 50%. he s under, you know, negative 50 and approval in handling the economy. so he has
keenness sooner. a negotiation is about saving space, but keenness sooner. a negotiation is about saving space, but i - keenness sooner. a negotiation is about saving space, but i think . about saving space, but i think they ve about saving space, but i think they ve come up with this clever wheeze they ve come up with this clever wheeze. they can get round this fact that they wheeze. they can get round this fact that they said they won t budge. the key concern that they said they won t budge. the key concern from the government is they dont key concern from the government is they don t look like they re soft on inflation they don t look like they re soft on inflation. rishi sunak came to office inflation. rishi sunak came to office on inflation. rishi sunak came to office on the back of this trust with office on the back of this trust with her office on the back of this trust with her plans for on crop measures with her plans for on crop measures liz truss.
crease almost immediately after president biden took office. when the president entered office inflation was 1.4% and now the start of the war in ukraine, 7.5%, how do you explain that piece of the pie? todd: literally speaking of thanksgiving. it is everybody s thanksgiving. rhetorical your. you knew this was coming, they blame russia for every problem they don t have an answer for, they caused it, not russia. on indirect tangential way, some things happening in ukraine are impanthingis proos, rest of the inflation problem you caused. prices were rising well before russia invaded ukraine. the administration doesn t say how russia invasion of ukraine impacted prices. fox news reached out and explain