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mixed with soaring gas prices, inflation. >> i have noticed in the store, i think sometimes, this seems like a pretty expensive jar of tomato sauce. >> and some shortages spurred by the worst traffic jam. all those ships parked offshore with goods from overseas. >> people are buying stuff. people want stuff. people haven't bought stuff for so long, they want it. they want stuff. and all this pent up demand is what's creating this supply chain back up. >> but the stock market hit new highs. most of the jobs lost had been recovered. sure, some folks don't want to go back to the office. >> i think people are afraid. you know what, i'm safer at home than i am going anywhere. >> i think we're all still on edge. that's why i've been drinking so much whisky. that's the reason. >> but for all that -- >> even after a an economy for rising prices, the typical american family has more money in their pockets than they did
only going to get worse. >> still, tensions ran high as people tried to get back to normal. on airplanes, absurd fights broke ought as some passengers raged at restrictions. >> if you're going to punch out a flight attendant, i feel like flight attendants have every right to open the emergency doors and toss you out. >> the pandemic economy was mixed, with soaring gas prices, inflation -- >> i have noticed in the store, i think, sometimes i'm like, this seems like a pretty expensive jar of tomato sauce. >> and some shortages spurred by the worst traffic jam, all those ships parked offshore with goods from overseas. >> people are buying stuff. people want stuff. people haven't bought stuff for so long, they want it. they want stuff. and all this pent-up demand is what's creating this supply chain backup. >> but the stock market hit new
so i'm actually happy the cbo came out with a score that demonstrated that the full cost over ten years is a little oh $5 trillion. -- over $5 trillion. and if they estimated that, you know the costs are much higher than that. maria: and we already have significant inflation. let's take a look at food prices in america ahead of the holiday, the christmas holiday. you're talking about milk, eggs, fresh fruit, bacon, coffee, not to mention gasoline up 60% year-over-year. would this plan stoke inflation even further? >> it absolutely would because we would be putting far more money into our economy than is needed. right now we have an issue where there is too many dollars out there, not enough people actually working to produce the goods and services for the people who are buying stuff. so if joe biden had his way, and let's all hope he does not, but if he had his way, our inflation would be much worse. the purchasing power for working families, for seniors on fixed incomes would be destroyed even more than it already has. but what else is new?
so i'm actually happy the cbo came out with a score that demonstrated that the full cost over ten years is a little oh $5 trillion. -- over $5 trillion. and if they estimated that, you know the costs are much higher than that. maria: and we already have significant inflation. let's take a look at food prices in america ahead of the holiday, the christmas holiday. you're talking about milk, eggs, fresh fruit, bacon, coffee, not to mention gasoline up 60% year-over-year. would this plan stoke inflation even further? >> it absolutely would because we would be putting far more money into our economy than is needed. right now we have an issue where there is too many dollars out there, not enough people actually working to produce the goods and services for the people who are buying stuff. so if joe biden had his way, and let's all hope he does not, but if he had his way, our inflation would be much worse. the purchasing power for working families, for seniors on fixed incomes would be destroyed even more than it already has. but what else is new?
and then restarting and it turns out this is not a seamless process. when you restart an economy, it turns out a bunch of people working places have quit jobs. a bunch of factories closed down and a bunch have covid restrictions. there is a lot of jerkiness in this opening but also what is happening is frankly, it is the flip side of a good news story. there is a lot of demand. people have cash. they're buying stuff. and that fuels inflation. people are being paid more. you know, one of the great drivers of inflation now appears to be wage inflation but donald says they're paying 10% more for their people across the country. that's good news. on the other hand, they are passing some of the costs onto the consumers. it's a mixed bag but one of the things inflation is often seen as a test of presidential leadership and even though in someways the federal reserve has more to do with it, so biden just needs to show that he's thinking about it long and hard
frankly, you know, it is the flip side of a good news story. there is a lot of demand. people have cash, they are buying stuff and that fuels inflation. people are being paid more. you know, one of the great drivers of inflation right now appears to be wage inflation. mcdonald's says that they are paying 10% more for their people across the country. that's good news. on the other hand, they are raising -- they are passing some of those costs onto the consumers. so it's a mixed bag but, you know, one of the things -- inflation is often seen as a test of presidential leadership and even though in some ways the federal reserve has more to do with it. so biden just needs to show that he is thinking about it long and hard. and let me -- let me point to one thing, in particular. it's not just gas prices. it's energy prices. if people start feeling like heating their homes, going to the gas station, all those things are going to cost more. that -- you know, you don't want to go back to the '70s when you
charges. from studying new zealand this would cost the average american $15,000 per person per year. a new study shows just getting part of the way will cost every american $6,000 a year and possibly twice as much. there are really costs. people are not willing to pay that. again, we should spend some money because it's a real problem. but we should spend it smartly. that money is spend on inovation rather than buying stuff that is not effective. >> sandra: almost every climate has been branded the last chance. setting artificial deadlines don't work. you say we were told for a half century that time has run out. that fear mongering is not helping the cause. final thoughts? >> well, fundamentally, it's something that a lot of people like to say. remember back in the first
welcome back to "dateline." i'm natalie morales. a family rift, sexual abuse allegations, money issues, big insurance payouts, even an affair. this story had all the makings of a hollywood script. but it was all too real for those who loved and lost marc despain. his parents wanted the truth, and so did investigators. here's keith morrison with the conclusion of "the root of all evil." >> jack and tana despain heard how their son's widow was living with a new boyfriend on her arm, with life insurance money in her pocket. and they fumed. >> she's buying stuff and buying clothes and going to restaurants, and it's very hard for us to take. >> detective brooks was determined to see the case through. just like marc's parents,chestr
experience. people get it that's why 71% of the country think we are on the wrong track. lawrence: that was jim jordan setting up the problem. as you guys know the problem has always been from the biden administration standpoint, they say demand is so up, so that's why we have a problem with inflation. this is why you can't -- we have a supply chain crisis, because people are buying stuff so much it's not that we have screwed this up, that's why we can't get stuff on the food shelves. hillary clinton, this is what she had to say on msnbc on tuesday, watch. >> you know, democracy is messy. you know, a lot of people got, oh, i think, kind of frustrated looking at the messy process of legislation. and they didn't really appreciate that within a year, the biden administration has passed two major pieces of legislation through both the house and the senate by any measure, those are extraordinary accomplishments. but, because of the way we are
clogged. the ports are moving more stuff than ever before. the trouble is that because people are buying stuff because they can't consume services or they're afraid to consume services, that's why we're having these supply chain issues. so if we can get the pandemic but what i was going to ask is you wrote about the cowards and gops going on with the lies. cornell belcher said elections will be in peril in the next two elections. >> if you're not terrified or worried america three or four years from now will be noting like the country we grew up in, you're not paying attention. they're not all evil, crazy people but there is a lot of weak people that go with the crazy people because it's the path of least resistance.