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All In With Chris Hayes

was during a recession. by 1986 the economy was roaring and he beat bob dole. now joe biden took over the american economy as president. one of the weirdest most intense crises we overhead scene. it's something the world hadn't seen in 100 years. but he has turned it around. today he was in chicago to take credit for what he called bidenomics. >> folks, let me say this clearly as i can. the trickle down approach failed the middle class. a failed america. [applause] guess what? bidenomics is working. the economy was really during the pandemic, and today the u.s. has the highest economic growth rate, leading the world economies since the pandemic. the highest in the world. [applause] >> biden might say, that's true folks, literally, no joke. by all accounts the biden ministration to the american economy, he was two months into office democrats pass the 1.9 trillion trillion dollar rescue

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Hannity

americans living paycheck to paycheck and the average american owes more than $54,000. how do you pay that back? here is host of making money on fox business. charles. good to see you. [applause] >> bidenomics. >> yes. what part of the economy is working? i can list the part not working. >> what's really reaving up, repo man. they cannot hire enough. that's the fastest growing industry in the country. >> better not buy a corvette. >> i heard about. >> when i get it it better not get repoed. >> i think you'll be okay. you know the political term chicken every pot? someone in the biden administration says how about we give 40 million to every pot. the $1.9 trillion we pumped into the economy we can live off that

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Hannity

to paycheck, and the average american now owes over $54,000. how do you pay that back? here with is the host of making money on fox business, charles payne. mr. biden nomics. >> yeah. what part of the economy is working because i can list the part that's not working. i'll tell you what'st wo really rubbing up. >> the repo man. >> they can't they can't hire enough. they reallannot hirey can't. >> they can not hire enough. that's the fastest growing industry in this country. you here's the thing. you better not be buying a corvette. i've been waiting. a i heard about that. you have six. and when i get it, it bettert noitt ripped out. yeah. no, i got a feeling you'll be okay. just a gut feeling. a gurepo>> i think you'lt feelil >> you know, the old political term. a chicken in every pot. yeah. terso? so in a biden administration, i said, how about if we get, ad, 40 million chickens thatt we every pot, you know, like the $1.9 trillion that we pumped down to the economy, wetm

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America Reports

with 100 bucks, you come out with two bags. under president biden, you come out with 200 bucks and come out with one. auto loans, $100 a month extra interest rates, and mortgage, 450 a month, it's nuts. >> sandra: the latest growth numbers and say wait, what happened, what happened to the -- >> you are going to have growth. 1.9 trillion, of course you have growth but it's temporary, it's a second. you get less. people are getting less, even though the numbers look good. you know, you understand the economy better than anyone, you know there's a difference between the headline number, the nominal number, and the real number. you know what the real number is for wages? down 26 months in a row real wages, we live in the real world. that's why it's numbers when it comes to the economy so severely underwater. you can tout nominal growth, because you put so much in the

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America Reports

the scotus decision as well in a second, i know you are fired up about that. but first, to the bidenomics. what is charles payne saying when you hear that. they are owning that. we asked gerry baker at the wall street journal -- >> president obama had to own obamacare, and dark brandon, escape it, turn it on its head. >> sandra: own it. >> here's the thing. $1.9 trillion out there that we did not need as an economy, and because we did not need it, yeah, looks great for your gdp number, and tout that. >> sandra: that's up. >> of course it's up. listen, he should have did 10 trillion, he could have had the greatest gdp in presidential history. but purchasing power crumbled. and you normally go to the store

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PoliticsNation

asked for. even though he raised the ceiling three times. ron desantis, and nikki haley blamed trump and democrats vote for rising debt levels. senator tim scott, the only 2024 gop candidate who could actually vote on the deal, voted no. what happens if any of these people become president, congresswoman? >> the nerve of maga extremism like desantis and nikki haley and tim scott. they refused to even put on the table restoring some of the 1.9 trillion dollar tax cuts that were unpaid for, that blew a hole in our deficit on their watch, under donald trump. tax cuts that went to some of the wealthiest most fortunate americans, and almost none of that that went to the middle class. if you're going to come to a bar part is in agreement, taking responsibility for your own contribution to the deficit

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Velshi

chooses other processes to, really in good faith, negotiate. because it is valid. you and i will disagree on whether we should have spending cuts, versus tax increases, but that is, as you say, the business of government. that is how it supposed to go. should we just be done with this debt ceiling nonsense, for once, and for all? but >> i would say our focus on spending should be during the appropriations process, the disagreement should have some reforms to use the 12 appropriations bills, so we can compromise on that right there. what if we have an encounter, ali, but as this debt ceiling that allows us to be introspective, we flocked 32 trillion dollar debt ceiling is very big, and the president's budget proposed a 1.9 trillion dollar average increase in deficit spending on average for ten years for 19 trillion total, and we were on the pathway for a 200% gdp ratio which is way too high. it is unsustainable.

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Velshi

we talk to dr. kasich about this a few minutes ago. everybody i talk, to every republican and most democrats i talked to will say, in this is a bipartisan view, the budget and appropriations process which was designed for this, the appropriations process, which was named the united states constitution, as a responsibility of congress, is broken. it would be much better to never, again, have this conversation as part of a debt ceiling increase, but to always have it part of a budgetary process. which just doesn't, working, congress anymore. i'm >> one of the best things we could do to try and keep this back to normal is not to have a party when it has got one party control. my colleagues on the other side of the aisle did for two years, when we got the house, the senate, in the white house, not to shove do everything they want. there is something to be said for trying to find some common ground, and all they passed a 1.9 trillion dollar american rescue plan, i asked them how they were going to pay for it, it wasn't a good answer. at 1.5 trillion dollar

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Your World With Neil Cavuto

initial claims data, you have 3/4s of u.s. states with rising ranks of individuals collecting unemployment benefits, this is no longer data that can be shrugged off and ignored. u.s. households are hurting right now. that was the message that we got this week not just with footlocker and burlington but walmart and target saying they're seeing great gains but only foods and essentials. >> charles: if you're selling groceries, you're doing okay. other than that, it's wishy washy. what bothers me, these are policy makers. the same policy makers that didn't think that inflation was a big deal. they kept rates too low too long. that was part of it. 1.9 trillion from president biden was totally unnecessary. now we're grappling with this run-away inflation. so go from run-away inflation to a deep recession, that is the ultimate one-two punch and the

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Whos Talking to Chris Wallace

and i will say, the fed's trying to keep up with this administration's policies. joe biden inherited low inflation rates. but you can start targeting the increased inflation from when he passed his $1.9 trillion package after the pandemic was over. but they by golly wanted to spend it, and on a partisan basis they did. they continue to pursue policies which pump dollars into the economy. they're in tough shape. we need the administration to help them. that's another reason why we need to have a negotiation in which we lower spending. >> joe biden also inherited a large debt thanks to the trump administration -- >> you voted for his bills. >> not the 2017 tax bill, i did not vote for -- wait one minuteness now, my friend. wait one minute. >> i love the two of you together, getting a little handsy here. >> you're blaming everything on politics here, but let's be clear about what brian inherited. he inherited a large debt, he inherited a 2017 tax bill -- >> he added to the debt. >> the trump administration also

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