are for america. they are for favorite constituencies of this administration and not for the average american. sandra: we will get robert responding to that. because federal reserve raised interest rates to tackle inflation under this administration, you know have got a significant drop in new home sales, for example. they have come down by almost 200,000 over the past two years under this presidency. meanwhile, average home prices are up. the average home $416,000 in this country. sales of new and existing homes and existing home sales are down 85% pure and why is it that this administration thinks that embracing this term bidenomics is going to help them as this president is running for election here? is that to me? robert wolf, yes, sir. great. i think i must have heard a different speech. i thought he said we have more
sandra: i think that is the point. that is the point. sandra: just like the eb push, touting these turbines. who makes those, robert, china? a majority of them? a different speech, it sandra but he said colorado. sandra: that is right. but is not colorado colorado, didn t you hear? colorado is making the turbines and the panels. sandra: very small percentage of them. i don t know the numbers but [laughs] sandra commit inflation has to be made in america. sandra: that inflation reduction act, how was that going? douglas, how is that coming? what is going down 12, straight months. sandra: inflation is not down. down, down. speeches and the fences of bidenomics are examples not evidence of good policies.
bideneconomics has made it unaffordable for americans. now this is president biden s six visit to philadelphia so far this year. that is more than anywhere else he has visited other than his home and we a and a big city, swing state for the 2024 election, john, sandra. john: we look forward with the president has to say. the shipyard in philadelphia, brian, thank you, sandra. sandra: the panel, robert wolf, the speech is expected to be underway in a short time from now. robert we know the president will step up to the podium and he is going to yet again told the people things are great, yet we still keep hearing this from workers on the ground. this is workers in philly on bidenomics. everything is so high and expensive right now. let s get the hell out of
predecessor. folks, it is not an accident. it is my economic plan in action. it is bidenomics. since i took office, we have attracted over a half a trillion dollars, and a half trillion dollars. of private investment in america in clean energy. that is attractive to engage in these issues. instead of a sporting job, it used to be find the cheapest market in the world, send the job overseas, and bring the product back. not on my watch. [applause] we are creating jobs in america and boring american products. [applause] but the leadership and democratic congress with reduction act and few republicans did supported. the largest investment to combat climate ever, ever anywhere in the world. over $368 billion. we know the urgency.
robert, robert, can i ask a question? it goes and ebbs and flows and you know that. sandra: go ahead, douglas. the best majority of jobs in the sector but why does the president not care about them? there was nothing for them. what do you mean? the service sector is 80% of our economy and it is where wages yeah, there is nothing and bidenomics for that. you listen to the speech. he said nothing. nothing. this speech today is on okay. sandra: it is a fair point. i disagree. these projects are actually coming to fruition faster than years past peer that is why 35,000 of them. what is happening in kentucky? look at these red states that are actually all of a sudden vibrant in manufacturing. those are different things.