Page 3 - Class Problem News Today

>> john: another fox news alert to kick off "america reports" for this thursday. biden administration cancelling a massive oil and gas lease sale in alaska and the gulf of mexico. scrapping the potential to give drivers desperately needed relief at the pump. hi, im john roberts in washington. gillian, good to see you again. >> gillian: great to be with you, im gillian turner in for sandra smith. so, americas economic woes are continuing to mount. one red flag economists are pointing to...

Environment, compared to the fear and dread and loathing of 2008 and 2009. there isnt much of that out there. its a high class problem, but then again, the fed has taken rates up a whole five points since march of 2022, and that is whiplashing. that is a tremendous rate of change and a lot of banks got caught behind the ball in this case, and youre seeing people having to fess up. that by itself is creating some sort of parallel tightening to what the fed is doing. is the fed going to consider t...

Thats going to take an awful lot, but tell us more about this. >> this is, you know, every year an annual reminder that the climate crisis actually is a class problem. top 1% of the worlds economy, the folks at top 1% consume way more than the bottom 50%. excuse me. tickle in my throat. shes calling out the hypocrisy of people who come there in private jets and talk about a new, different, cleaner planet but really do nothing in terms of policy or in terms of real capitalist movements from priva...

The guy that leaked this thing to politico that says it is not looking too good for democrats, we peaked early, he should be brought outside and shot because thats off message. you have to stay on message. remember donald trump was like it will be a red wave. you have to go in to keep the troops motivated, so i understand what shes saying. piers, you and i dont agree on much, especially with weapons, but a man should never look an ice cream -- >> never. it is like talking about christmas before ...

Had nothing to do with. remember, the market rallied in august off the summer, and gas prices came down off summer highs. once people get back in session in september, demand is up for gasoline. theyre going back to work and watching tv and paying attention. and gas prices go up, mortgage rates skyrocket. people start focusing on failures of the democrats, and thats when things got bad. the elites have never paid any attention to inflation, and whos the guy, chief of staff, ron klain, he gave it...

401(k). the cover on "the new york post" says it all. if you talk about traditional ways of saving money in the average workplace because usually there is a matching fund with 401(k). on average, the average american lost -- over the last 1.5 years because of what is happening with the market. everywhere you look. it is a huge percentage of people savings. the more you have, the more he lost. >> steve: the average 401(k) down 30 -- 25% in one year which literally makes it at 301k. if you had $30...

Of the prompter and its going to feel like things are great. i want to ask you about this prematureness of it. remember, transient last year? everyone in the white house said it was transient. first it was a high class problem and then a high class problem and then russia. this is the mistake theyre making. >> yeah, we would be -- we have a new study for unleash prosperity that finds that if we would just continue with the trump policies, we would have three million more barrel as day. if we pro...

Economy, maybe the job has been done for them. maybe they dont need to tighten interest rates. well get a 75 basis point hike. for people that dont follow the fed, it means that interest rates on everything. if you want to buy a car or a house, it will go up if they raise rates. should they stop? >> i think the fed was way behind the curve. i think i said this on your show six months ago, the fed should have been rating rates before we got inflation so out of control. remember, nine months ago, ...

U.k. at 9%. so this is a global inflation issue that has been affected by things like the aggression in ukraine that were hard to predict. >> sandra: this is america and we have shown historically -- we are able to tackle inflation when we take the right steps. and let me just ask you something, gene. how can we be assured this is a white house thats going to take this supply chain crisis, this inflation crisis seriously when the presidents own chief of staff ron klain in october referenced the ...

Game. pin it on greedy corporations for hiking prices too much. that just doesnt add up. to show voters hes on top of the problem, mr. biden needs to do more than blame someone else for high prices. but what he was asked the other day if he shoulders any of the blame, he said no, my policies have helped, not hurt. >> the problem, john, the issue of inflation, the damage is done. so, the issue, if you look at the data and when inflation started to go up, it was after the 1.9 trillion american res...