Doesnt Help Inflation News Today : Breaking News, Live Updates & Top Stories | Vimarsana

President obama and john alvin, of course our senior political analyst. van, you hear president biden today. in the interview with lester holt, you know, obviously a little bit testy on the question of temporary, right? he and others across the administration had been calling this inflation temporary, starting last winner and all the way through the summer, right and here we are. so, you know, he makes the case inflation will taper off. not mentioning that would come with interest rates going up of course. but two months ago he said it's the peak of the crisis. so is is he making it hard for a...

Back better plan. his solution to try to breathe new life into the spending bill. which would all in pump nearly $2 trillion into the economy. but what president biden sees as an inflation antidote others see as an inflation acceleratant. here is democratic senator joe manchin. >> this is not a time to be throwing fuel on the 5:30. we have an inflation -- we have inflation. and we have basically an economy that's on fire. you don't throw more fuel on the fire that's already on fire causing the problems that we have. >> okay, biden wants to spend more and manchin, a required vote for any such s...

Inflation. >> according to nobel laureates, 14 contacted me and a number of corporate leaders it ought to be able to start to taper off through this year. in the meantime i'm going to do everything in my power to deal with the big points that are impacting most people in their homes. >> look, the reality of it is inflation is affecting most people. not most people. it's affecting all people. i mean when you look at the prices in the united states, food prices up 7% from a year ago. 7% for basic food. used cars 41%, gas 40%. and you've got now complicating matters on some of these fronts those ...

The fed has the biggest inflation fighting tools. and the fed is going to do what it does. i don't think he lost credibility. i think he was more optimistic than the facts warranted. and that's not surprising with joe biden. >> here is the thing show, john, right, you've got employment numbers surging. and they make a big deal of that in the white house and they should. but if you have employment coming in with double the job growth that even the most optimistic exists expected you would think people would feel better about the economy than they do. 18% of americans say they have confidence in...

Doing enough. >> are you satisfied with the administration's handling of inflation right now? >> no, until -- until it comes down to something that's, you know, more sustainable and that families across the country can actually deal with, no. >> are you comfortable that the administration is doing enough in this way? >> i'm going to keep pushing them to do more. >> so there is one reason why there is a pushback here is the poll numbers showing that joe biden not just overall approval number is slumping but also voters disapproving his handling of the economy. at 62% disapproval, up 8 points fr...