Page 27 - Average Americans News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Predicament that i don't think that they can get out of. they're certainly not going to get it out by throwing stones at senator manchin that made his demands clear for months now. >> jackie: we're in a situation where americans have felt the pinch of prices rising. in the previous segment, we expected 5% on grocery inflation. we haven't considered spending more money yet. >> no. i think inflation is not transitory. the fed has run away from that language. they still have a monetary policy that is, you know, expansive right now. the tapers is going very slow. the american people are seeing it ...

Get ready for more price spikes. food will rise 5% in the coming year. how will americans deal with that? 5% on top of what we've seen already so far. my friends call me up and say my credit card bills are going up. i have to cut somewhere. i can't figure this out. >> things are getting out of control. initially it was just the pandemic disrupted categories. lumber, used cars. now it's widespread. it's affecting americans pocket books at the pumps where prices are up nearly 60%, at the grocery stores. in just about every aspect of their daily lives. >> what are we expecting to see increased at...

Laura had good points but i don't think americans are clamoring, for example, for free universal pre-k, west virginia did it without federal help as joe manchin repeatededly points out. most americans, more than 50% disapprove of joe biden's handling of the economy. part of that is how much money trillions of dollars he's put in to the economy since he started -- since he took off in january. adding billions more will make inflation worse, send things spiralling worse than they are. americans do vote with their pocketbook, don't they, jackie? >> jackie: they do. i can see laura shaking her hea...

>> thanks very much. >> coming up, new price spikes in the new year. you can bet on it. so how can americans deal with it? we're on that next.

And that will be a negative that the american consumer, the average american will feel long lasting effects from, not just a short term sugar high from stimulus. >> i would like to see the nobel peace prize winners out there that say this. i'm going with the americans that are filling their gas up at the pumps. they're feeling the pinch. the truth is people don't like the reckless socialist spending. from the very beginning, joe biden and his cronies have load about build back better. they said it would cost american zero dollars and about hard infrastructure. none of that has turned out to be...