not ones to write home about. 11.3% is the jump in wholesale prices from a year ago and came in lot steamier than economists predicted coming off the you know what it feels like when you buy things. consumer prices are up substantially. fastest pace we ve seen since 1981 back in reagan years. you have to go to art laffer to find that out. white house points out wages are up. here is the deal. wages aren t rising at the pace of inflation. you look at a pay cut of 3.6%. if you crunch the numbers inflation is costing the average american household $500 a month. setting on fire every single month because you aren t getting anything for that $500. bill: questions now including this how did we get here? many economists blame out of control government spending along the way. democrats are passed more than $3 trillion in new spending under president biden and they aren t taking their foot off the gas as they look to revamp build back better. let s go to mark meredith live f
United auto workers for the first time in history are striking against the bigthree u. S. Automakers all at once. Economist forecast strike if it continues could end up costing the National Economy 5 billion by months end. This at a time when 70 of americans polled they feel the economy right now is getting worse. This is a quote, real time test, bidens economic agenda says New York Times called for higher wages for the middle class, apologetic pro union stand, Push For Electric Vehicles centered in michigan, a state he must win in 2024 to remain in the oval office. Davin mc bowl, now with ed lawrence, i believe there you are, north lawn of the white house. Jillian, yeah, so far President Joe Biden sitting on the sidelines, he told the American People that the Auto Companies need to pony up. Record corporate profits which they have should be shared by Record Contracts for the uaw. And just as we are building an economy for the future we need labor agreements for the future. Its my hope
Than anything else but looking to push joe out is what this is all about. martha: that s what is so interesting in the dynamic in the past month or so i would say. pritzker, the governor of illinois, says biden has said he is running for reelection and i support that. newsom says we have to have his back so they are being polite in the way they are approaching all of this but a piece in the journal this morning. joe biden s presidency is sinking. the weekly column by dan henninger. very interesting read which i highly recommend. he says there will be a primary challenge as there was in 1980 for jimmy carter. that s a reality according to the article this morning. president biden needs to face it. let me be very, very clear here on fox news and people can clip it and send it across the internet. joe biden is not running in 2024. he may not make it all the way. martha: he says he wants to run against trump again.
he doesn t know where he is. he is not runnain. they are figuring out a way to pin all this stuff on him. he is dead man walking and doesn t realize it. and you know what? i think the republicans have a bright future. send newsom out and let s have the florida versus california battle. maybe that s what america needs in 2024. martha: interesting. always good to see you. dave rubin now a resident of florida. bill: you have to wonder how many hours of tape the rnc has of downtown san francisco. officials charge an illegal immigrant with rape in the case of a 10-year-old girl from ohio who was taken to indiana to get an abortion. immigration authorities say this man is a guatemalan national here in violation of the law. mike tobin on the story in chicago with more today. a 27-year-old guatemalan national charged with rape of a