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30% of gas inflation is because of the ukraine war. we can debate that, but about a dollar 50. i think that president biden and their team should give a holiday on federal tax, which is $0.18 and ask every state to follow, 10 to $0.20. sandra: hard stop, might be a temporary solution. econ 101, you waive that and increase demand and prices only go higher. to biden on the economy last night on jimmy kimmel and your reaction. we have the fastest growing economy in the world, the world, the world. we have 8.6 million new jobs since i got in office. unemployment rate is down to 3.6%. we have reduced deficit last year by $320 billion, this year going to reduce it by $1.7 trillion. inflation is the vain of our existence. ....
American people to act as if inflation is a new phenomenon. the federal reserve and the administration failed to act fast enough instead of acting boldly our elected leaders in the federal reserve continued to respond with half measures and rhetorical failures searching for where to lay the blame. and biden rival ron desantis is arguing that any econ 101 student could see biden policies contributed here. you are printing trillions and trillions of dollars, the idea that you can just do that in fin night tum without there being any consequences was completely fool hearty. peter: today president biden doesn t is have any public events on the schedule and he still has not been challenged buy historically high inflation number. peter: when the president started of talking about blaming the putin price hike a bird pooped on him. at what point did he realize that that had happened. peter: hopefully before he puts that jacket on again think ....
Right? president biden: inflation is up. it s up, and coming from a family the fact is that if we are able to do the things i m talking about here, it will bring down the cost for average families, bring down the cost for average families. in my build back better legislation, we can do that. there s a lot we can do to give families extra breathing room. we can do this. laura: absurd on its face. biden s plan to borrow or print and then spend more money, money that we don t have, will only stoke more inflation. now, this is all very obvious, it s kind of econ 101, which i think his top advisors apparently just slept through. we have historically strong economic growth. in january we see that real wages, after adjusting for inflation, were up. there is some light in this report under the hood. i expect inflation to come down significantly in 2022. ....
The control of the west could be frozen, so russia and china have an incentive to create essentially a parallel economy separate from ours so that they won t be under our control. which frankly undermines our influence very directly. to be one last question: econ 101, everyone who looks at the united states realizes the rest of the world will stop buying u.s. debt, the united states would grind to a halt and no longer be a rich country, it would be instantaneous. does any of our reaction to the russian invasion of ukraine make it more likely that other countries will buying u.s. debt? certainly. there is a real threat that they could stop buying our debt, so we are undermining really our most valuable asset that way. we are living on borrowed time economically, and we are getting into an economic war that we may not leave unscathed. tucker: i think every american, most are horrified by this invasion, is it needs ask ....
It. glenn greenwald is an independent journalist and his work is on sub stack and he is an expert on detecting deception and explain what it means, we are grateful to have him joining us now. glenn, thanks for coming on. i guess the first and most obvious question is, this is kind of a blockbuster story. i have no idea what it means or where it goes, but it is clearly a case where the u.s. government has been lying and amounting a disinformation campaign, if you will, to cover up what it is doing and no one in the press corps seems interested in finding out what is at the bottom of this. why is that? right, so first of all, like you, i have heard the russian and chinese accusations for weeks that the united states is partnering with ukraine to have biolabs right on the other side of the russian border and never talked about it because there was never any evidence for it. i don t take the words of the russians were chinese. tucker: exactly. that was when vic toria nuland went befo ....