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pence. the white house council said pence did not have any authority to throw out the results. trump s pressure on pence, and i quote, directly contributed to the violent insurrection. let s take a look at this photo. it s obtained by abc news, showing pence and his family inside hiding, as the building was being ransacked by rioters. pence s daughter on the left side of the photo, his wife on the right, pulling the curtains closed for extra safety. and pence had good reasons to be hiding. some of the rioters brought gallows to the capitol while calling for pence to be hanged. hang mike pence. hang mike pence. hang mike pence. hang mike pence. pence s former chief of staff will not testify in person. but clips from his video deposition are expected to be played. tonight, in a short, telling wolf blitzer, who he believes is ultimately responsible for the january 6th violence. well, to be clear, do you blame those surrounding the president for giving him bad advice? ....
Expensive, it appears our fellow americans still plan to shop for the holidays. the economy still shows a lot of strength and that i strs gre. we are seeing some of the things d some of the inflationary stuff come down like used cars, rentals which is a big part of the cpi number. pmi number came down under 50%.i thernge is promising news out there and you are seeing that in terms of less chance of a arecession and the bond market doing better where yields are coming down. what happens when yieldsso w coe down? we saw a rally in equities because they are going into equities last week. we saw a nice pop in that market because the yields came down in the fixed income product.st mike:me thank you for youring part of thanksgiving with us, happy thanksgiving tppy o you and your family t.he happy things given to you aos well.ep ....
Without price and stability, without inflation under control, we cannot have a normal economy. and that s what he is trying to do. you saw last night. i asked summers about the possibility of a recession. listen to what he said and we will talk. okay. we are likely to have a recession. i think we have overheat ed the economy and gotten bad luck. when the pund lum swings too far one way, it will tend to swing back the other way. we ll have arecession in the net two years. he says we shouldn t avoid recession because that can make things worse. number one, recessions are normal. they happen, we survive them, we get through them. what summers is saying when he says we shouldn t try to avoid it is if we let inflation stay high, that s worse, right? that s bad for everybody. ....
Credited morning in america with republican austerity policies, because why not. joining me now political editor at the hufgtfington post. thank you for being here. it is pointed out federal spending dropped since 2011 to less than 20% of the economy from 24%. does this reduce the spending have anything to do with the recovery we re seeing right now? it has nothing to do with the connections he is making. in fact i think he is putting in a latentry for absolutely the weirdest argument on the year on the economy. look spending is very much a measure that moves along with the business cycle. as the economy improves as it is coming out of arecession ....
But do you ever hear about accusations about speculation or price collusion when prices are coming down? as they have been across the nation. so, that s one issue that we have to remember. heather: in may gasoline prices fell 17 cent as gallon. oil tumbled $14 a barrel. do you expect that trend to continue? guest: i think so. the world economy is in a downward spiral. people are not using as much gas, and also, this is more of the shale that is available and we are finding much more, scoffing a lot moralityive more sources with fracking so that is important so our energy costs lower and part of that demand driven that we just don t have the machine. we are in arecession. ....