America reports. I thought he was fabulous. I felt i was at my back church. There was call and response and we love that. This is the best joe biden. Feisty joe. Had a pulse, he had frasers left hook. He was filled with focus and enthusiasm. His command of the issues, his forcefulness. We were so excited to see him, his welcome was overwhelming. Four more years, four more years, four more years. Sandra ok. Democrats and the far left media taking a victory lap over President Bidens state of the Union Address, but as the president leaves the white house moments from now, kicking off his 20state bidenomics blitz. Todays job report is renewing fears that inflation will remain stubbornly high as americans head to the ballot box this fall. Hello, welcome, im sandra smith in new york. Great to have you here today. Aishah good to be with you, happy friday to you. Aishah hasnie in for john roberts. America reports. Yes, the u. S. Economy adding 275,000 jobs and Unemployment Rate slightly tickin
every week i go out for groceries and another dollar. i work a minimum wage job and, i mean, just buying food takes over a third of my income. i don t think the administration gets what the average person has to deal with. we live paycheck to paycheck. dana: inflation is on the minds of americans not to mention rampant crime and energy crisis. they are on the back burner for president biding heading to california today to talk up his infrastructure agenda. gillian turn for the white house. the president is in the golden state to raise money from democratic political doaners and tout his infrastructure bill. californians want to talk about crime and gas prices going into the mid-terms according to polling. president biden touched down last night in santa monica and greeted by the city s democratic mayor. white house is accusing congressional republicans putting medicare and social security on the chopping block cuts they insist would push most families over a cliff.
knew he lost the 2020 election and that their scheme to overturn the results was illegal. and yet, they attempted it anyway. president trump rejected the advice of his campaign experts on election night. and instead, followed the chorus recommended by apparently inebriated rudy giuliani. to just claim he won. and insist that the vote counting stop. to falsely claim everything was fraudulent. and there are an lies the true nature of these hearings. to truly hold trump and his fellow coup plotters accountable. the committee has already uncovered evidence that trump may have committed serious federal crimes. but it s up to the justice department to bring criminal charges. as neil cocktail argues in the opinion page of the new york times today, attorney general merrick garland could bring a charge of conspiracy to defraud the united states even if trump truly believed in what he was saying. and it wasn t just democracy at stake, but lives as well. vice president mike pence fa
and how that s going to affect the economy going forward and inflation. yeah i want to ask you, economist. i m sure you saw these remarks economist mohamed larry and he thinks a pause would be a mistake, and here s his reasoning for this, in part , he says, i think the fed is going to have to decide between two policy mistakes, hit the brakes too hard and risk a recession or tap the brakes and a stop, go pattern and risk having inflation well into 2023 . he fears the result of a pause now will be stagflation. what do you think of that risk? i think that s a lower risk than mohammed does. and i m a great friend of muhammad ali aaron and think very highly of him. but on this point, i disagree because i do think the tightening that s already in the pipeline is going to be enough to also make it no longer conflict between financial stability and inflation. that what we re talking about is already a tighter credit market that will stem inflation. i think what the feds concerned about is the
say. basically that you know, at some point in time there is a star. how that breaks the camel s back when it comes to this tightening, and i think we re starting to see that in broader credit market conditions in the fragilities that we ve seen globally more recently, so interesting. diana and most or all indicators of recent and i guess we needed to find recent these days because things have changed so much in the last two weeks, but most indicators have suggested that the economy is still strong, meaning the fed may still have work to do when it comes to kind of tempting, tamping down inflation, though we did see home prices fall for the first time in a decade with new data out from february. what do you think this data point is telling us? well, i think it s one indicator of how unaffordable housing is at the moment, and i think that s important. there s still very scarce supply, though, so i do worry about how much housing prices can fall to be more affordable without doing any da