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strohmier. we talked to a farmer who says this could snowball into a food shortage. there is all kinds of shipping delays, it s a big snowball effect happening at this point. ashley: griff jenkins live in washington with more, good morning. griff: inflation was 1.4%, yet in his first interview with a reporter since february, president biden tells the ap we re in a stronger position than any nation in the world to overcome inflation. if it is my fault, why is inflation higher in other countries in the world. we are higher than germany, france, israel, and saudi arabia. he does admit the country is in a funk, which he blames on the pandemic. people are really, really down, consequence of the covid crisis, this after biden blamed oil companies for $5 gas threatening them with emergency powers. at least one company is firing back writing, exxon mobil has been developing more than any other country and globally invested more than we ve earned over the last five years. ....
president biden said his policies are not to blame. i think our policies help not hurt. think about what they say the vast majority of the of the economists think this is going to be a really tough problem to solve but it is not because of spending. we brought down the deficit by. spring and kevin he s former chairman of the council of economic advisers under president trump and distinguished visiting fellow at the hoover institution. so kevin, welcome. the scout but was this is going to be the peak of inflation, how do you see it? yes, you and i ve talked about this before. one of the things i like to do is look at the more recent numbers instead of the change over the whole last year. because at the beginning of the year inflation was not so bad. the average, last three months of consumer price inflation and then annualize it right now is going up at 10% at an annual rate which is about what you and i i promised on your show a few months ago was going to hit. if ....
This story and it has to be a very frustrating to the american people, not even people that necessarily voted for donald trump or voted against joe biden, this is not something we re talking about and analyzing more. the good news, if you re looking for transparency and truth, it is guaranteed republicans will take back the house in 2022 november and there will be hearings on this and finally be attention given to it. until then, it is basically a blackout. carley: there was have video that went viral, it was 92 the news and showed children in texas attending a drag show and it received a lot of criticism, except on msnbc, chris hayes defended it. listen to this. the idea introducing your child to any deviation from ....
Taxes on millions of americans. how effective is that going to be? i don t think very effective this is a plan floored at sender scott put on his own volition is not backed by the gop. many are backing away from it saying that s not the intent. another thing in that rick scott that s their five years present biden saying in five years social security and medicare are on the chopping block. i don t think voters are going to believe that this is a republican party that cannot defend obamacare could not end obamacare, come on. the speech by biden red as the beginning of the 2022 november campaign for him because he knows he s got a big inflation problem. the april number was twice as high as core inflation as the march number. a lot of the decline over fault was gas prices that ease the little bit last month but now ....