Problem Isnt Inflation News Today

Spending ever. >> todd: brian brenberg will break down the numbers. to be clear, presidential budgets go nowhere. this just shows how this white house thinks. how much of a disaster would this budget be if it became reality for the economy in general issue but for inflation? >> brian: the big problem, ton of responding, in terms of spend nothing 2019, spending blowout, problem is tax increases. ive been saying for weeks now, problem isnt inflation, this economy is slowing down. we have on the ta...

Weve got summer coming up and ive got a line of employees who go, i dont know what im going to do with my kids this summer because i cant afford summer school. what do i do? do i try to take the vacation time? vacation time, we no longer have two or three weeks. now we have one week. theyre right when they sit in front of me and say i cant even afford my daily life anymore and as a business owner, i cant help them! and that is the hardest place for any c.e.o. to be knowing that they are right an...

Nearly as much and, you know, college tuitions are up and people 25% of peoples homes are underwater. that is going to affect behavior. its just denial. >> and peoples houses are underwater and rent is going up. gary b, i know you go to safeway and you tell us when you go there, you can really shop well. youre a conscious, cost conscious shopper. >> just today, brenda, nancy and i took advantage of bogo, buy one, get one free. so yes, people do substitute, toby! if, you know, a hamburger is expe...

Because people forget, natural gas prices are down. eating out is like at .1%. so all these things balance out and people, if they took a look at their budget, yes, gasoline, everybody knows has gone up but other things have gone down. thats why overall inflation is 2.7%. >> ok, this is the only time ive ever heard you believe the government figures. >> well, its either that, brenda, or our i start to believe in the black helicopter conspiracy stuff. >> all right. so amelia, go for it. >> this i...

A very old battle. >> sure. >> we beat -- and everybody -- the inflation hawks think its 1979. i got to say that disco is dead. inflation is not a serious concern. we should be focusing on other things. >> well, i got to go to somebody who is an expert on this, jonas, what do you think about inflation? >> first of all, that lmfao guy is popular. i dont know if thats true. i will say that pad thing that he keeps looking at is something that the price doesnt go up every year. youre going to buy on...

Back to "bulls & bears." >> inflation is tame? >> they say that inflation in your consumer index is nothing. im looking at these prices here that human beings cant substitute that have to buy and, you know, childcare 3%. your checking account is up 9% costwise. college up 5% and then lo and behold, bacon and cheese are up 8%. you cant substitute that out? >> no, you cant. and steak and hamburger. >> absolutely. but my point is that we have real cost increases at the same time that wages havent g...