americans face soaring prices and empty shelves. inflation jumping 7% in december from a year ago. this is the fastest pace since 1982. consumers pay more for everything from gasoline, two groceries, you name it. those rising costs reduce real wages by 2.4% 2021. the average american worker took a pay cut. let s bring on our pen with wall street columnist dan henninger and kim straw soul. editorial board member kyle peterson. good to see you all. dan, first to you. even some democrats are now admitting inflation is getting worse and it s not going to get better this year. we have james fuhrman who in the in the obama administration saying expect the economy to experience elevated inflation this year. possibly even higher than in 2021. what does that tell you? the dems are saying it s going to be higher. it tells me a serious economists like chase and berman, realizes the economic reality that is in front of all of our faces. that reality is, david, the biden administration
war zone. foreign nationals dressed in camouflage are scaling barriers and sprinting into the country. biden s open border and the suction of sanctuary cities have created a conveyor belt of illegals from central and south america. new york city already reeling from a homeless crisis that they are responsible for are unable to absorb the thousands of illegals arriving by bus and plane. all the money for affordable housing was stolen by crooks who run nonprofits so the mayor decided to build a tent city in a working class neighborhood. the residents weren t thrilled. i m concerned with my safety. it s all single. and i m hearing it s going to be mostly male. so, that worries me. why not house them elsewhere? they take our money and they do whatever they want with it. by right, they don t belong here, they re illegals. jesse: because of the spotlight put on this tent city thanks to you it s now being moved. where is it going? it is going to randles island in aoc s distr
See a variant and merge that spreads just as quickly as omicron but is more deadly? it is a possibility. the virus to mutate in a way is higher and higher. it s far more likely will see a variant mutate make most mutations are downward mutations over 99%. i do believe we are going to continue to see the virus mutate in the animal kingdom. that animal reservoir spit out new variant in perpetuity. maybe every couple of years or every viral season. but remember there s a host of over dozen viruses that cause the common cold that circulate season to season. it s not something we change our lifestyle around me on standard precautions. david: dr. marty makary i was a pleasure to see your doctor thank you for being here. thanks. we come back businesses breathing a sigh of relief as the supreme court blocks the biden administration vaccine mandate for private employers.
Specifically such as the unemployment insurance bonus that they gave people. they would argue it is necessary. the fact is between the bonuses, the stimulus spending, a lot of people dropped out of the labor market. and now the story of the moment is so many companies such as shipping are finding difficulty getting people to come back to work. yes, it has something to do with that. the fact is they did distort the experiencing right now and really it is difficult to see them digging out from under this report before the november s election bid. 11 to 12 million unfilled jobs in this country. that is why employers are going nuts trying to find workers to do the work. again, we ll be right back. when we come back covid confusion. criticism growing over the mixed messaging coming from the biden administration. as a public policy really following science? dr. marty makary helps us to
Economic reality that is in front of all of our faces. that reality is, david, the biden administration last year basically made tried to make a deal with the inflation devil. and that deal was this. they put through trillions of dollars in stimulus spending last year above and beyond what was already being spent by the federal government. their argument was that because of pandemic, the spending was necessary. the fact is, they injected a lot of money into the economy. and when you do that, most economists understand you are running the risk of as an inflationary spike. that spike is here now. the most serious economic way to counteract something like that is by raising interest rates. but this federal reserve under jerome powell has refused to do that. and now the biden administration has to do with the inflation that we are experiencing right now. unlike all administrations they try to talk it down with