hear about those problems every single day and i bet i m in more homes and farmers markets and events than most members of congress because i want to know what s than ormention. rich: following up on inflation, tax cuts during the trump administration and stimulus plans and a lot of money went to the system to deal with covid and the democrats, a trillion dollars. was that a bridge too far, too much money in the system and led to inflation that we re seeing today. so, you know, this is complicated. if it was complicated we wouldn t all be talking. you also have to remember unemployment is the lowest level in decades. people are back to work and by the way, we ve had administrations, republican and democrats for decades since eisenhower that needed to fix the roads and bridges and finally fixing roads and bridges and getting people back to work and shipped jobs overseas. under many republican administrations finally bringing the supply chain back
worst, hopes for the best. and mika will tell you, always thinks that the next recession is just around the corner and i keep seeing signs that suggest we might be moving that way. but all i see is is one strong jobs number after another. and now unemployment numbers at pre-pandemic lows. what is fuelling because it is not i know politics on right may say, oh, this stimulus plan was too big. we ve all seen stimulus plans, they didn t get that much bang for their buck. in fuelling this economy. something else is going on. the u.s. economy way too large to be that impacted by a stimulus plan. what is going on? i think there is a supply and demand issue, which with we re coming out pandemic and i don t think we ve ever experienced anything like this. -n terms of what that did to the supply chain and how it changed
- it s still helping me. i still notice a difference. prevagen. healthier brain. better life. did you guys see this? jeff bezos and the white house have been back and forth on twitter after president biden blamed corporations for inflation and bezos blamed biden s stimulus plans. and now bezos will buy twitter from elon musk just to ban biden. the feud you didn t know about. let s bring in cnbc s julianna tatelbaum as always live from london. we have plenty to get to on twitter. first, let s start with yesterday s choppy trading session on wall street. u.s. stocks finished mostly lower yesterday extending the market s recent sell-off. how are traders reacting as we wait on retail reports due out today? yeah, it was another volatile
ant the white house have been going back and forth on twitter after president biden blamed corporations for inflation and bezos blamed biden s stimulus plans. now he s going to buy twitter from elon musk. and a feud with jeff bezos that started with this tweet from president biden which he wrote that the wealthiest corporations should pay their fair share to bring down inflation. that prompted bezos to weigh in writing the president is conflating two separate issues and misleading the american people, the white house took issue with that assessment with a spokesperson saying it doesn t require a huge leap to figure out why bezos would take issue with the president s comments. joining us now, columnist and editor for the new york times and co-anchor of squawk box,
might curb spending growth, but that s been frankly an abysmal failure. every single time it has come up in congress since then, it has been raised. 78 times, in past 50 years. under both republican and democratic presidents and mostly in bipartisan fashion. the u.s. currently has nearly $29 trillion in debt, trillion, and according to u.s. treasury roughly $8 trillion of that is from the trump era, including principally his tax cuts and the early covid stimulus plans. that s what congress is faced with paying for right now. not any of the new proposals from the biden administration, and yet republicans are trying to justify their no votes by saying they don t want to fuel the democrats future big spending plans. senate minority leader mitch mcconnell taking a different tone, you might note on this debt ceiling vote than he did when republicans were in power. speaker pelosi and her far