at the highest levels of inflation in 40 years and prices are soaring, especially at the gas pump which just set another record high this morning at $4.40 a gallon. the markets already reacting. yesterday the dow tumbled for the fourth straight day as investors began to sour on the u.s. economic outlook. some on wall street warning of a recession because of inflation possibly as soon as next year, mika. that s one reason why president biden addressed it in a major white house speech, calling inflation his top domestic priority and trying to shift blame for rising prices by attacking republicans and what he calls their ultra maga agenda. he also blasted their policy ideas as extreme and said they would make inflation worse, not better. really ask yourself how well are we going to sleep at night knowing that every five years maga republicans, if they re still republicans as i said, this is not your father s republican party. if we re going to have to vote on whether you w
know, obviously it s been terrible because of all the people that have died, it s also been very difficult financially for a lot of people. the economy took a huge hit from it, so the idea that you would just be toying around with the economy and toying around with raising the debt limit to score political points is is pretty outrageous. john, president biden is calling republicans he says they re hypocritical and dangerous for not helping to raise the debt ceiling. this could pass with just democratic votes if the filibuster wasn t in the way. is this another problem that could have been avoided? i see you shaking your finger at me. that s the key point. that s the whole deal. you know, mitch mcconnell is here saying, look, democrats control the white house and both houses of congress, and joe biden voted against the debt ceiling in 2006. but there s a world of difference between voting against the debt ceiling, which by the way is not a stand of
obviously it s been terrible because of all the people that have died, it s also been very difficult financially for a lot of people. and the economy took a huge hit from it. so the idea that you would just be toying around with the economy and toying around with raising the debt limit to score political points is pretty outrageous. john, president biden is calling republicans, he says they re hypocritical and dangerous for not helping to raise the debt ceiling. this could pass with just democratic votes if the filibuster wasn t in the ways. is this another problem that could have been avoided? i see you shaking your finger at it. that s the key point, the whole deal. mitch mcconnell is here saying look, democrats control the white house and both houses of congress. joe biden voted against the debt ceiling in 2006. but there is a world of difference against voting against the debt ceiling which
significant legislation, and why democrats have a tough decision to make, nicole, is they should assume today that no major biden democratic initiative will pass during his term without eliminating the filibuster, no voting rights, no climate legislation, no immigration legislation, no gun legislation, nothing. they should go on that assumption and then they have to make a decision. during these two years, where we control everything, do we limit the filibuster to deliver on our promises, or do we accept the senate tradition and recognize that we re going to be providing voters with half a loaf in two years? i mean, traditions feel like an ill match for a moment when republicans, i mean, the lieutenant governor in georgia has acknowledged that the voter suppression law there is predicated on a lie, and it seems like a tradition like the filibuster wasn t made for this moment where republicans are legislating based on a lie that they know is a lie.