managed to sort this out. bureaucratic red tape in this country and supply systems and trade is not working out. this is toxic for the white house. we re going to be talking, willie, later to senator debbie stabanow, who passed a bill and we ll be asking her a lot of questions. we could have seen this coming. the fda, we had the surgeon general yesterday, and they sound flat-footed about this. let s remember that that abbott plant closed in february. this wasn t just a couple of weeks in the making. correct. it closed in february, and there were warning signs, actually, last fall that it was probably going to close based on all the problems they were having there. so this is not something katty is right, it jumped into the headlines a few weeks ago, but government officials should have seen this coming a long time ago. for the biden administration, respectfully, to say, you know,
roe v. wade decision was because it does energize a lot of democratic voters, has galvanized democratic officials. this person texted back and said, it s the economy, stupid, forever and ever, amen. that s the democratic view. i ll tell you what, if you re a republican, i can t imagine that you ever are taken off from inflation, crime, and the southern border. the crisis that continues at the southern border, that democrats never want to talk about, but that has been going on now since donald trump has been president. it continues and keeps getting worse down there. willie, we also have another problem with inflation, and that, of course, is what has been happening in china, what s been happening in asia, what has been happening with the supply chain. we have joe biden in asia today.
in the polls. what happened? where d you get the 30 points? fox news poll. where did you get it from? are you not down 30 points? hell no. remind me of that tuesday. we may win tuesday, but we re not down 30 points. with us now, the author of those reports, pennsylvania and the georgia races, political reporter for nbc news, mark. you know, some people may be spectacle of the number, then going to georgia and talking to the trump-endorsed candidate that s getting pounded. these pennsylvania republicans reading your story and hearing other things out of pennsylvania, they re sounding a lot like georgia republicans did in 2020. right. after trump cost them not only those two senate seats but also cost them the majority in the senate. it seems that republicans do not forget. they haven t forgotten in
inflation. but this is a western phenomenon. it is happening in europe, too, and it is certainly happening in the uk, as well. it is what is hurting the government s fortunes. boris johnson seems to have survived his arnold palmers. remember, joe, this is london and britain and people drink a lot, so it probably wasn t arnold palmers they were drinking. he seems to have survived the scandal. harder for him is the cost of living. what was it that dominated the french election? the cost of living. that, unfortunately, in the short term isn t going to be fixed in europe because of the war in ukraine which is driving up not just energy prices but particularly when we come to the fall is going to drive up food prices, as well, when the grain supplies we should be getting out of ukraine don t materialize. so this is a western-wide phenomenon. though i saw the alarming headline in the new york times yesterday, that economists think the u.s. is heading into a full-blown recession. i hope dav
report, because of soft sales. target, best buy, walmart, all those kind of companies. who are the winners out there? not surprisingly, they re the energy companies. the big energy companies are up anywhere from 50% to 80%. again, because of rising energy prices. okay. steve, let s finally talk about whether it is time to jump back into the market or not. of course, you give no advice, but we ve seen again, during the pandemic, a lot of people have jumped into the market for the first time. these sort of civilian day traders have jumped in when it goes down, trying to buy it low. you re saying, based on everything that you re hearing from the street, stocks may still be expensive. yes, they ve dropped, but they re still at historic highs. yeah. so this chart, joe, measures stocks against their earnings. it gives you a sense of how expensive or how inexpensive