believe the rhodes scholarship went to him. it is an irresponsible move to deplete our reserves. it s a self-inflicted economic blow to the nation. we are not experiencing an emergency beyond our control, biden did it to us. so all their spending, the needless $1.9 trillion in covid relief last year passed, by the way, with zero republican support, the damaging covid protocols, the controls the put in place that continue to keep our economy all bollix up, and the refusal all of it puts an economic strain on families. not so veiled swipe at the white house use of putin price hikes to explain away high energy costs, joe manchin exploded today in a written statement saying it is a disservice to the american people to act as if inflation is a new phenomenon. hard-earned wages and financial savings are disappearing faster every month if prices continue
deeply troubling to the white house, the u.s. inflation rate is nowhere close to a record with nearly 15% inflation in the early 1980s along with soaring unemployment. today a low unemployment rate of 3.6% and a strong demand for workers offers optimism about the prospect for a stronger economy ahead. laura: optimism? what is he reading? he forgets his basic economics, he never learned it. when stuff gets expensive, as it is, consumers pull back, as they are, and businesses start laying off. it s inevitable. indeed, over the weekend larry summers veered back toward the r word. when we had inflation above , essentially always since world war ii, that s been followed by a recession. laura: in fact, to avoid inflation, he said the fed would have to be extraordinarily skillful and lucky and that they have a very, very difficult job ahead of them.
away. president biden: we also know that as our economy has come roaring back, we see some price increases. some folks have raised worries that this could be a sign of persistent inflation, but that s not our view. our experts believe in the data shows that most of the price increases we ve seen were expected and expected to be temporary. laura: temporary buried and then they told their minions in the press the claim inflation was all just a bunch of conservative spin. the talking points on the right and especially among the trump right that there s this biden inflation situation happening in the country. right wing parties scaremongering about inflation and wages going up too high. laura: the angle protected the inflation bomb over a year ago. that s what they were talking about, i guess. and indeed it s really, really bad and even the left was finally forced to drop its inflation denial, reporters are still trying to leave biden wiggle room.
every single person on his economic team should be fired. in fact, anyone who advised the president that inflation was transitory should resign or be terminated. this means treasury secretary janet yellen, bye-bye, granholm, never should have been there in the first boys, mayor pete of transportation, he can bike away. almost all of his economic advisors should go to should start with ryan. and on what basis should jerome powell be nominated fed chair by the way? s failure to respond quicker to obvious inflation concerns should mean he steps aside. the list of these staff failures is really long, take up a whole hour, but there has to be accountability. we don t want to hear anything more about the first woman this, the first that, we need the best and the brightest. whatever your skin color, whatever your background, not the first and the dimmest. the last time we saw such
ukraine while doing every thing that we can to protect consumers here at home. laura: jake tapper wasn t believing that, you could see his face. this is a total lie. once they plan to sanction russian oil, they needed to immediately open up more federal land for drilling, issuing more drilling permits, green light keystone, et cetera. generally they needed to flood the market with american oil and gas. that would have not only help consumers here and tamped down inflation, it would have driven the price of oil down globally, and that would have hurt putin, but no, no, couldn t do that. they would have offended the brainiacs. just pray that someday you ll be able to afford an electric vehicle, people, and it will be okay. short of that, our secretary transportation is pretty much out of ideas. there s no quick or magic fix. this owes a lot of politics around gas prices. we are focused on what s actually going to bring the relief. so the president authorized the release of the reserv