norms. president biden s chief of staff enthusiastically retweeted an economic who said high class problems. isn t that a bit dismissive? nobody suggesting unchecked inflation on the way, no serious economist. what is the granholm plan to increase oil production in america? [laughter] oh, that is hilarious. would that i have the magic wand on this. i think i was wrong then about the path that inflation would take. sandra: miranda divine, almost funny if it was not so scary. we are living through a time of many crisis this administration is facing, and i don t think a lot of the american people even know who the people are in charge of helping this country avoid a recession, potentially a deep recession.
falling. we are in a financial crisis like it or not. ainsley: this is very scary. larry summers, the form everywhere treasury secretary, he said that he predicts recession within the next two years. i think we have that soundbite. listen to this, stuart. when inflation is as high as it is right now, unemployment is as low as it is right now. it s almost always been followed within two years by inflation. by recession. i think the optimists were wrong a year ago in saying we would have no inflation. and i think they are wrong now if anyone is highly confident that we are going to avoid recession. steve: and recession is defined as two quarters of back-to-back negative growth. remember it was just a year ago when inflation was starting to take off and they said it s transitory and ron klain the chief of staff said high class problems. these are not high class problems. these are across the board
the ceos is going to think about that. brian: how long do they have. i m not sure how long it takes. they can essentially do whatever they want. if they wait too long as he says in the letter he may pull the bid. ainsley: that is something you will be talking about on fox business. all day. what s interesting here, too, is the fact that he is worth about $300 billion. a lot of his money is tied up in tesla. he will have to take some of that and put it towards the twitter purchase. so people are also watching shares of tesla today which were trading lower before i came on as a result of that too. he is spreading it around. pete: elon musk problems. high class problems. ainsley: you have a special on fox nation tell us about tnchts the special is called bone dry and started streaming on tuesday. and essentially what we did is we went into the field and we are looking at not only inflation but the problems that we see in the oil industry. right? you are all struggling with h
new world deal they are not accepting new information that clearly shows it s causing real problems and this is exactly how parties get themselves out of power in monumental ways. i mean, i think we are looking at a potential massive wave like we have not seen since watergate because they are so wedded to their ideology, and think about how the white house addresses every concern. the first thing they say is they insist it s not going on, whether it s illegal immigration or gas prices or crime. sandra: high class problems, right? yes, and insist it s not happening and don t come around and say we are doing something wrong, we are going to fix this. and nothing kills elections more worse than that. sandra: charlie good to have you here, buddy. sorry for freezing up. sandra: we did not touch on a
yeah, absolutely. it s worse than that. not only has the administration not really addressed the concerns of voters, they ve been dismissive about it. they have mocked him. jen psaki from the white house briefing room, the tragedy of the tread mill that won t get here by christmas. ron klain retweeting something saying these are high class problems to have. that is not how voters are feeling about gas prices, you know, food prices, things that they re seeing daily. the administration has not only not put forward a plan but they ve done worse than that by dismissing the concerns of the american people. charles: tom, neil spoke with the former virginia governor saying the outcome of the race could hinge on the african american turnout. take a quick listen. anyone that is coming to virginia, campaigning for the