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Transcripts For FOXNEWS The Faulkner Focus 20240707



everyday americans. listen. i didn t change my mind. i never changed at all. this is fighting inflation. we ve closed loopholes and didn t raise taex. it doesn t raise taxes. it is an investment. i won t be responsible for inflaming the inflation rate. it is a red, white and blue deal. his colleagues in the senate disagree. pat toomey said manchin got duped. he got taken to the cleaners. the same gimmick he said he was opposed to. they claim the revenue over a 10-year window from the tax increase and price controls and then the expenditure they knowledge they pretend it will only be three years. these numbers are very dubious. the new york post editorial board call it joe manchin s anti-made in america bill. sinema was absent from the recent round of talks. silence is stressing out democrats who desperately need her vote. we got art laffer, economic advise hor to former president reagan in focus today but first edward lawrence joins us from the white house. ....

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Transcripts For FOXNEWS The Faulkner Focus 20240707



i m harris faulkner and you are in the faulkner focus . the producer price index up 11.3% over last year. now adding to fears of a recession compounding trouble for americans after yesterday s consumer prices index hit a four-decade high. notice the number on the left for wholesale prices, the goods being made for us, is cooking hotter than the inflation that we re faced with. now how long do you think it will take for them to pass that along to the consumer? will they even have a choice? former trump economic advisor explains it this way. i would like to walk through how you should think about inflation so people understand why. if you start the car at zero and accelerate 10 miles per hour per month after six months you go 60 miles per hour and after 12 months 120 miles per hour. what s my velocity right now is what you care about. we re hiding how big the increase in prices are that are affecting ordinary americans by a very large amount. inflation is startlingly h ....

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