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Transcripts For MSNBC Morning Joe 20240707



katty kay said earlier, has 2% inflation over 10% inflation, an energy crisis, the possibility of blackouts, 1970-style blackouts coming this winter, and strikes looming on the horizon. things are dark, indeed, for whomever replaces liz truss. she was sort of the ultimate simplistic free marketeer. she felt whatever the circumstances, the tax cuts the solution. of course that s what the markets reacted to. so in a way the ultimate free marketeer was defeated by the free markets. you can t afford this, the timing is offer. the british political system and british people won t accept this in a time of growth. she couldn t defeat the markets. so, whoever comes after her is going to have to first and foremost adhere to james carville s saying, if i died and came back and were recree itted, it would be as the bond markets. but, you know, if you judge britain as a balance sheet, as an economy, as a society, it s actually it looks fine. these are all unforced errors. the ....

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Transcripts for MSNBC Morning Joe 20240604 13:00:00

Ultimately not ultimately, with rapid world-record-breaking speed led to her undoing. i remember when bill clinton was putting his budget together in 1993. he was given the unmistaken news that he had to take care of the debt, he had to take care of the deaf sit or else the markets would tank, the economy would tank, and then president clinton told aides around him, angrily said to aides around him something to the effect of, are you telling me that my presidency is going to be defined by bond traders? well, liz truss found out early, ed, that, in fact, the markets did matter. her economic plan was met with a disastrous reaction from the markets. the pound tanked. all this in a country that as ....

Bill Clinton , Speed Led , Liz Truss , Bond Traders ,