and plus or minus 0. just a lot of headlines. a the lot of headlines. we ll find oit in two years. we know we made it through the most unusual crisis added to other crisises and a spike anyoneand inflation. that is the power of the u.s. economy. one benefit to consumers of higher interest rates, one of the few, is higher savings rates. but if we can pull this up, we brought up this chart on frichlt i want to get your take on it. we re not. like there is the fed funds rate, the line going up. and there is the savings rate. why just feels like main street is losing out again. the money goes into balance sheet structure. there has been record upflows, you know, record for the near term flows and people move their money into place that s it can earn higher rates. the bank balance sheets have lots of transaction accounts. they re going to be zero no matter what the rate is. that s because the nature of a checking account is you get, you
now let s say there are 160 that are saying nobody else but mccarthy. that s what i think the four or five have to look at. i mean, majority of the conference supports kevin mccarthy. he came up with a great plan with the commitment to america to help secure our southern border, fix the inflation, look at all the crisises we have going on in this country and i believe we have a road map to fix those. the american people gave us the gavel on january 8th because they re begging for leadership. they re giving the republicans gavel. let s lead. congressman, i appreciate your time. thank you. and as we were speaking, i just want everyone to know that matt gaetz was actually involved in a conversation on the house floor. as we re watching the tea leaves and every single conversation, i ll bring that one to everyone s attention. of course, congressman gaetz just nominated trump to be speaker. we continue our breaking news coverage, we re now learning president biden is watching the chaos
to the party in power. sure enough, that signals| their doom down the line. so, there is no way back for the conservatives? there s no way back. the devaluation in 1967| when he was chancellor led to a series of crisises. nine years later, he had to go to the imf for a loan, - which was the most humiliating experience at the time, - and sure enough, the pact with unions did not hold, i it collapsed, and two years i later, margaret thatcher won. same with jimmy carter. famous american malaise speech ofjuly 79, when he seemed - to blame the - economic difficulties on the american lack of spirit and community values and so forth. - the country came back - and showed him where the fork lay, and that was i when reagan came, with absolutely- unending glory for him. ifear, therefore, for- the current people in power. they can count their days
so there is no way back for the conservatives? no way back. callaghan s devaluation in 1967 led to a series of crisises. - nine years later, he had to go to the imf for a loan, - which was the most humiliating experience at the time, - and sure enough, the pact with unions did not hold, i it collapsed, and two years i later, margaret thatcher won. same with jimmy carter. famous american malaise speech ofjuly 79, when he seemed - to blame the economic- difficulties on the american lack of spirit and community values and so forth. - the country came back - and showed him where the fork laid, and that was when reagan came, with absolutely - unending glory for him. i fear therefore for- the current people in power. they can count their days to i their final descent from power. ironically, they think of themselves as the inheritors
to go through with that, arguing it s going to drive up gas prices, the cost of energy at home. do you think americans would accept paying more at the pump in exchange for punishing putin? i think in this case, they certainly will, and i think it s incumbent upon not just the president but other leaders in congress to explain to the american people why they have to make this sacrifice. look, all you have to do, alex is turn on cable television, look at your phones, facebook, a social media platform to understand the humanitarian crisises that ukrainians are facing over there. even though we are a divided country politically, i think we are united in many ways in the human spirit about wanting to help our fellow people who live in a democracy, so i think it is important for our leaders in this country, elected leaders, especially the president to explain why we may have to have higher gas prices. i think president biden has already started to do that a little bit. but i think in this