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economy is his top priority inflation a rare white house meeting by the host and the chairman of the federal reserve, our colleague peter doocy pressed the white house yesterday. does president bush take any responsibility for his policy potentially contributing to inflation when we talk about the gas prices right now? this is indeed gas, right? and as you mentioned, cauli gas is setting another record today. a gallon of gas now costs four dollars. sixty seven cents, that s over 50 percent from a year ago. the white house says student loan forgiveness won t make inflation worse. the impact on inflation in the near term is likely to be is likely to be quite small. but again, because the president hasn t made a decision and we re not talking about a specific plan, i won t speculate specifically ,but i think most of the analysis suggests that the near-term impact would be pretty small things which critics say otherwise quote even partial debt cancelation would be costly, ....
So here we go again. higher taxes will reduce inflation really actually higher tax rates will reduce economic growth incentives and will lead to supply side inflation increases . so there s no inflation reset for mr. biden today. it s vladimir putin s fault. we re going fossil free instead of increasing oil and gas production, we re going to keep on federal spending and borrowing and debt creation and none of this is going to hurt the economy or working folks one bit. he s right about that for dollars. sixty seven cents per gallon of gas every morning we wake up and it s a new record high and it s only going to continue to get worse if we re going to hit five dollars a gallon at some point. absolutely guaranteed. but what s so befuddling to me is how do we respond to this ? what s the answer? student debt forgiveness. i mean, on every single level that is the worst idea ....