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thirty thousand dollars. and so not only do youe havtoeo spend that extra four hundredyor sixty dollars a month, butwn your your wealth is down by that much as well. and finally, with the fed hiking rates, then home pricesec are going to takes are ge a big, probably drop 20 or 30% over the next 12 months. and so that all of the assets that typical americans own areis headed south right now. and it s because of these terrible policies. h to now, in today s speech to the nea, the president continued his inflation blamee e game. kevin , watch. in addition, to inheriting fai a failed mega republican economy, we also confrontedd marepublic a globalc and putin s war in ukraine and that s driven the globalal in inflation we see today. that s why it s soflatio import. that we passed the inflation pas reduction act. kevin , this is so bad.ere ds i mean, i don t know who s t writing this, but where does the buck stop exactly you know,w, the buck stops, really stops, really with the folks,
ignore? sure. sure. and thank goodness you ve been way out in front helping people understand the correct understand the correct economics. what we sa economics. and what we saw was that inflation was spinning out of control. exceloinning outn eating and tht was going to run way ahead ofern any wage increases and people were going to be worse off. and so if you look the numbers r right now, which i suspected were going to happen, but but now we know the typical american family, the average american family ha fams to speno four hundred and sixty dollars more this month in orderh in toy the same stuff they bought last year at this time. and ifr wagep your wage didn tp by more than five thousand dollars this year, then you rear worse off. got and so gdp s got to decline. if people can t buy the samebous amount of stuff they bought last year. what and that s what we re seeing i . the data. been a we ve got two negative quarters. that s always been a recession of the past. the thir rec
the struggling middle, the law abiding, the people who want to do the right thing, who have collective spirit. they hurt those people. why would you forgive the college debt of someone who spent six years majoring in oppression studies at long beach state? you would only do that if you re engaging in the ugliest kind of partisan politics rewards my voters. it s because of paying people to watch joy read . it s like subsidizing an npr pledge drive the message. they do not care about you at all and they re no longer pretending to be . vance is very well educated and still very sensible running for senate in ohio. he joins us tonight. activists events. i know that you are very concerned about student loan debt. any person looks at the numbers. is is this the way to address it? i know it s certainly not booker. i mean, you hit the nail on the head that this is effectively a bailout for a super corrupt educational system. the harvard endowment has sixty dollars billion. the yale endowment h