Lets get the read from patrice from the independent womens forum and democratic strategist, laura fink. Lets start with you, patrice. Right now in the election were held told, the economy and inflation would be number 1. President bidens handling is under water significantly, particularly with independents. Those in swing states, those will be the voters deciding the next election. That said, at the start of 2020, i dont think anybody would have anticipated a pandemic disrupting the entire nash and giving a lift up to President Biden. Its early. At this point, the economy is a huge factor. Laura, some of the numbers that are trending along with President Biden, 19 said their personal 19 points increase in those that say their personal situation has gotten more negative. We see that across the board. I think thats right. Charles, i agree with patrice. I think think is going to be a huge issue in the 2024 campaign. I think back to where Ronald Reagan was in 1983, where president obamas in 2011. And they had similar sour economic ratings. I think the economy is kind of like when you make moves to change the economy to improve it, its like when you go on a diet and exercise plan. You work hard in the beginning, but you dont necessarily see results. I think what youll see is jobs from the chips act, jobs from the infrastructure bill, those will be becoming online. Right away youll see Prescription Drugs Prices go down, which is certainly going to help voters moods. I think youll see the independents get a little bit happier. This is one of those things where it takes time to see those investments. Your seeing Interest Rates come down. Youre starting to see inflation come down and hopefully youll see the Interest Rates come down as well. Charles picking up on that theme, President Biden started off with steroids. We didnt have to build into this. The trillions that were poured into this economy made for some phenomenalnominal economic data. But adjusted for inflation is where the problem is. Laura just brought up inflation. Heres the rub. All of that money is fading away. All of that money will be gone and all that will be left are high Interest Rate payments, three sources of Consumer Debt above a trillion dollars. Auto loans, Student Loans and credit card loans. Delinquency rates are beginning to sky rocketed. Theyre all figures that weve been triking to give a hole some picture to where house hole finances are. The Student Loan Payments will be coming online soon and many households that have not accounted for that in their budget. The excess savings that was built up during the pandemic because people kept their jobs thankfully and they didnt sneed the extra stimulus checks that President Biden was adamant about sending out. As a result, bidenomics beginning with the American Rescue plan, inflation took off. Globally inflation was remaining low. So, you know, the fact that inflation is starting to moderate is a good thing. That doesnt mean that prices have come back down to when President Biden took office. Americans recognize that. They know how much more theyre paying now and connecting the dots between bidenomics, the American Rescue plan and all of these big Ticket Spending Bills and the inflation that were seeing today. Charles laura, republicans will pick up on the rebounding Gasoline Prices. Considering what happened with the Strategic Petroleum reserve and a mild winter last year. It was pretty fortunate for everybody. The numbers are starting to tick up rapidly. Well, if he expects gas prices to save them, they should probably come up with something else. I think one of the challenges is that republicans have put nothing on offer except tax cuts for the wealthy as their solution to all of the challenges that we are discussing. All of the frustrations that americans are feeling right now. So what one person may see as a rejection of bidenomics actually when you look at the alternative and you see absolutely nothing coming out of that debate this past week and you see charles let me jump in for a second, laura. Gasoline prices, the correlation between sky rocketing Gasoline Prices and president ial elections is undeniable. If theres a legitimate argument about the fact that theres been a war against drilling in this country. Consequently, now all of this oil has been taken out of the strategic reserve, which we pray we dont need soon, how will president explain that to people that need it day to day . 61 of americans say theyre living paycheck to paycheck. I think thats a challenge. The economy does need to improve. Joe biden is working on that. That said, the challenges that americans are face Rudy Guliani Real and part of it is empathizing with that. Ill bring up the Prescription Drugs. They may be paying more in gas prices wu youre seeing seniors and other americans paying less for the Prescription Drugs that they require. When they look at what the republicans have to offer, theyre voting no against Infrastructure Bills and no against green factories in the south and in ohio. We havent even begin to talk about the issues outside the economy. Although the issue of the economy is central, we have seen voters talk about vote on other things like access to reproductive rights charles thats because this segment was about the economy. Thats why we didnt talk about the other things. Real quick, patrice. Final word. Yeah, i think House Republicans have been putting forward measures and ideas particularly when it comes to reigning in federal spending. When it comes to ensuring that were not spending more now and leveraging the futures of our americans and debt. So you know, this idea that you spend more to make more is what got us in this high inflation to begin with. We need to cut back on the reckless spending in washington. Thats what a lot of americans want to see. By the way, the Inflation Reduction Act was never about reducing inflation for regular folks. Charles lets leave it there. Thanks very much. Appreciate it. All right folks, when you thought it might be safe to go back in the Grocery Store, lets say youll need a bigger wallet. A key read showing pricing ticking higher in july, which could lead the Federal Reserve to push rates higher. Were going to get into the Market Impact later in the show. First, i want to go to steve moore and what that could mean for the economy. Steve . Hey, hi, charles. Were not out of the woods on inflation. Thats the basic finding of these new reports. Now, yeah, this time last summer, charles, inflation was 9. 2 . Now its somewhere between i say about 3. 5 . I got to say this, charles. When you look at those essentials, grocery prices, rents, mortgages, utility bills, those are running way ahead of 3. 5 . Thats why people get so angry when people like you and i say theres only 3. 5 inflation. A lot of people feel like the inflation theyre feeling themselves is closer to 10 . Charles without a doubt. The Federal Reserve likes to look at core inflation, which came in last week. A little bit higher. 4. 2 , that means the Federal Reserve will keep the pedal to the metal, right . Yeah, look, lets look at what has happened to mortgage rates. So as you know, when trump left office, we were at 2. 9 . Now 7. 1 , the national average. So we were looking at these calculations in terms of what that means for buying a new home. The median home is a little less than 1 2 a Million Dollars now. Lets use 500,000 as our example. Youre going to have to pay over a third of your mortgage just because of those higher Interest Rates somewhere between 250 and 300,000 more because of the 30 years of higher rates. Another way to put it, a year ago, you might have been able to afford a 500,000 house. Now you can only buy a 300,000 because of the higher mortgage rates. Thats not calculated in to these Inflation Numbers that you just cited. Charles i think the phenomenon is how fast Interest Rates went up and mortgage rates. We had inflation spurred up to a 40year high and that gives back to the notion that free mow solves nothing. In the end, its made it worse. Yeah, i mean, look, i was just listening to your previous conversation. This idea that the 6 trillion of spending that biden did was stimulating, well, what it really stimulated is more growth of government and more debt. You nailed it when you said, yeah, we spent all the money but now that money is put in to the economy. Now were left with paying the bills. Thats why the economy right now is pretty decent. Its growing at 2. 5 . Some of the indicators are faster than that now. When you look at those numbers about how indebted not just the federal government, yes, Massive National debt but look at the numbers on how many people cant pay their Credit Card Debt these days. Almost half of americans cant keep up with their Credit Card Debt. Theyre going that means a lot will have to default that will cause problems in the banking industry. Im not trying to be a debby downer here. Im saying the spending has been done. Now we have to pay the bills. Charles of course, the Student Bills come back online as well. Were going to see an avalanche of delinquencies across the board. Something we should brace for. Thanks, steve. By the way, charles, the bidens will want us, the taxpayers to pay for that student loan debt. Charles its nuts. The most fortunate people in the world are people with a college education. Thanks. Appreciate it. When it comes to 2024 right now, forget about watching the polls. Follow the money. What has you feeling stressed out . 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When i say increased interest, a lot of that is coming from the donor class as well. We know the donor class has been hooked to Governor Ron Desantis as a means of getting a nontrump candidates. However, as Governor Desantis continues to be stagnant in the polls, that can change. Former Vice President mike pence and nikki haley had really good nights. Charles nike pence, i read one headline, rediscover mike pence. 250,000. Nickki haley is the most compelling. 46 would consider her predebate, 29 . What kind of fundraising has she pulled off . Yeah, we have seen nikki haleys fundraising certainly improve since the debate. They have seen a bump in fundraising and a bump in Website Traffic and also just in general interest on the internet. So thats something that is good for nikki haley. She was struggling i think to gain traction for some time on the National Stage. Weve seen her team really out the her efforts on the ground in iowa and new hampshire. Shes very good in these smaller more intimate gatherings with voters. The debate in milwaukee last month really gave her an opportunity to step back on to the National Stage and all of those candidates had that opportunity. Were seeing that post debate bump for her. In terms of what this means going forward, sometimes the post debate bumps are sugar highs. They go away. Shes very much hoping as someone who has much experience returning for Public Office in the past to keep that going. Julia, we talk about the gop donors. Large donors that often, for instance, look like they sear accessory in on Governor Desantis. What about the smaller donors particularly as a proxy for voters . Look, i think former President Trump definitely has a grip on the smaller donors. Weve seen the smaller donors continue to be excited about the former president. He has a very strong grassroots base. We have seen that demonstrated ever since the day after the milwaukee debate that he was not at, we saw his mug shot be released from the Fulton County jail. Normally that would be not good for a politician. Weve seen what mug shots have done to past politicians. Its not good. However, for former President Trump, hes raised millions of dollars off of that. Sh