not ones to write home about. 11.3% is the jump in wholesale prices from a year ago and came in lot steamier than economists predicted coming off the you know what it feels like when you buy things. consumer prices are up substantially. fastest pace we ve seen since 1981 back in reagan years. you have to go to art laffer to find that out. white house points out wages are up. here is the deal. wages aren t rising at the pace of inflation. you look at a pay cut of 3.6%. if you crunch the numbers inflation is costing the average american household $500 a month. setting on fire every single month because you aren t getting anything for that $500. bill: questions now including this how did we get here? many economists blame out of control government spending along the way. democrats are passed more than $3 trillion in new spending under president biden and they aren t taking their foot off the gas as they look to revamp build back better. let s go to mark meredith live f
whenever, march of 2021. you don t want to do that. what you really want to do, if you want to restore some confidence and stabilize the economy. how about a spending freeze and congress does nothing on the spending side, zero. the semi conductor thing needs to be looked at carefully. a $300 billion bill point number one. point two. semi conductor prices, which were high coming out of the pandemic, they are coming down. they are coming down in the private investment sector, private investment. there is over 200 billion dollars that has been invested in the chip sector. we don t need government money, okay? it s just a bunch of corporal welfare and industrial policy. intel, which ain t the company it used to be, is building a plant in germany. so i don t want the u.s.