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let s talk to steve more about this. steve, the problem is inflation is at decades high. recession around the corner. it s a heck of a one-two punch. you better believe it. the good news is that the inflation rate has come down a little bit the last two or three months, charles. that s good news. we went from almost 9% inflation this past summer to now we re down to about 7.1%. as you just said, that is still the highest inflation rate we ve had in 35, 40 years. so americans are feeling the punch. their wages and salaries have only gone up by 5 or 6%. that s one of the reasons that you reported that credit card debt is going up. people are trying to maintain their standard of living but paychecks are not keeping pace. i m nervous. i think inflation will come down in 2023 from the high rates of 2022. but i also think that the economy shows real signs of slowing down. i pray we don t crash into a recession. but we sure could. charles: steve, that s what i m concerned ....
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Gives you a certain advantage. you could make a credible case. would you join the frey? what would make you decide one way or the other? first i have to see whether my application to be the ceo of twitter comes through. if that s doesn t come through, all options are on the table. people are talking about it. i get it. we re having conversation. my focus is on. charles: that was chris sununu telling neil cavuto about his plans for 2024. this with some new fox poll showing a lot of voters are not liking forward to a biden trump rematch. let s go to sarah westwood. both parties have similar but unique problems here. right? with respect to the republican party, whether president trump runs or not, former president trump, there s still trumpianism in the room. the only one seems like that they can carry that mantel or ....
Washington. that is a good idea since we ve gone to extremes. you know, it s not over until it s over. i think the difference of whether or not the grinch is coming for 2023 or larry s silver lining will be in is whether or not we have credit problems. that s the background, if people massively defaulting, that s where we ll see it. merry christmas. charles: merry christmas to you. thanks thou both very much. thank you. charles: 2022 already in the rear view mirror. voters have 2024 on the minds. new fox polls show americans might want new blood in the white house. how much can you take to your families over the holidays. mom and dad, go hide. ....
The legal aspect of it. how you handicapping the supreme court? i don t know if i have much first, hello and hi, charles. nice to see you. hope you had arrestful holiday. i don t know if i have anything to add beyond what inez pointed out and the constitutional scholars are pointing out in terms of what it is that biden is or isn t able to do here. to echo inez s point, this is an opportunity to have a hard conversation about what we think about how we treat the most important national asset that we have in this country, which is human capital and how we value higher education. i concur with what republican fox has pointed out from north carolina that the fee of higher education is going unaddressed. and so i think we have to take a big step back and say what is it ....