so bad, he will do what it takes to get it under control even if it means more economic pain. have got to get inflation behind us and wish there were a painless way to do that. there isn t. david: working americans are spending a month out of their annual salary to keep up with soaring prices. is inflation and its causes killing our economy? let s ask our panel, dan heninger, kim strawser land mary anastasia o grady. biden is downplaying inflation, powell saying it is essentially willing to risk recession to cure it. who is right? let s focus on that remark by president biden that inflation last month rose inch. a new turn for the economic lexicon, inflation coming up and inch. the biden white house and the federal reserve are operating in alternative universes when it comes to inflation. the white house has become a wholly politicized subject. the federal reserve, it is about economic reality. the white house is avoiding the underlying economics of inflation, trying to
trillion and the key to usurping congress s authority in allocating so much money is his use of the emergency declaration because of the pandemic. doesn t that undermine his legal rationale for this spending? the pandemic is over but the infection of government emergency powers is not over and that is what the united states has to somehow find a way to put those powers back in the bottle about the are being used in an emergency and quite clearly, any president, executives like to have power and president biden thinks as long as he has this sort of overarching claim that we are in some kind of emergency, he can wave his arms and forgive this level of debt which would normally have to go through congress to do. so that is a really big institutional problem, if we
charges, why aren t they brought? you never return to that subject but the reason is this is ridiculous. this isn t human trafficking, this isn t kidnapping but within the context of what is becoming one of the broadest investigations of republican groups and individuals, under the january 6th investigation in the department of justice you have a lot of groups being subpoenaed, members of congress who had their phone records seized. this is creating a great deal of unease, the extent to which the justice department is targeting political rivals. january 6th is worthy of investigation, but how this is beginning to metastasize so broadly is beginning to raise concerns with some of us. david: we should say, it is the migrants that brought the lawsuit, migrants being helped
creating transfer payments from the federal government into the pockets of americans. basically a bribe, an alternative to work. there is nothing in there for the private sector and we could be facing a long period of stagflation with no growth oriented policies. david: we only have 20 seconds but transforming the economy from one that is directed by the private sector to one directed by the government, directing industrial policy right now, there s a bigger transformation from what 50% of the american people want? it requires different leadership in the white house because it is not something president biden does. david: when we come back, with midterm elections 6 weeks away polls continue to show a tight race for control of congress so which issues will determine the
unwise. it is not about whether the plan is the right or wrong policy response to existing conditions at the southern border of united states. instead, this case presents strict legal question regarding whether the proposed plan for funding border barrier construction exceeds the executive branch s lawful authority. does it do that? yes. i agree with the judge. and that s an example of good tight legal analysis. the judge s opinion playing out, this is not about the broader question of do we have an issue with immigration, is a wall the right solution. he s focusing on something very specific which is how should it be funded, what can the president do. and is the president usurping congress funding powers. and that s what he s saying that the president is doing, by trying to use these funds in a way that congress did not intend for them to be used. of course, the president always believes that he ll win in the courts. he certainly believes he ll