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The exchange for the premium enhancement for obamacare it won't last three years. it will last forever. it's an entitlement expansion. over and over again the famed economist said it not about a tax increase it is about fueling inflation nor the chip bill and this idea a combined more than $700 billion in spending. you were making the federal reserves job dd they are so much harder. could lead to real financial, economic calamity and armageddon if the democrats don't stop spending. >> dagen this bill will fuel more inflation, it won't fight inflation no matter what joe manchin says. it is goin...

Mcconnell did but they proceeded on the -- i would invite those bill sponsors of that semi conductor bill to join me today calling on every single house republican to vote no. we should not be greasing the skids this week for the democrats to spend $250 billion so they can spend another $500 billion next week. that's only going to add to the record high inflation joe biden has already created and now that we are in a recession, the tax increases are only going to kill your jobs. this is a terrible deal and we have to stop it. >> reading through this proposed spending bill from schumer and manc...

Across the country feel like they are in recession, that becomes self-perpetuating, what do we do? we pull back, stop spending, slow down our spending, that can cause a recession. >> todd: could we minimize inflation pain if the white house specifically one janet yellen had not pooh-poohed the fact that we are in an inflationary period and referred to it as transitory, if they suspected we were in inflation, could we have avoided the problem we're in? >> no doubt and david summers, i think, would agree with that. we have had 5% inflation every month or higher since last may. secretary janet ye...

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Inflation at some points are -- you know, will happen. but what will we do as a nation to drive down the level of pain that people are feeling in this country when they can't afford their food, they can't afford gas? you have to go to work but you can't afford gas. the fed can be a lender, too. they can jump in here. they can do more than just increase rates. they can actually jump in here and do something so more has to be done. >> and she's doing -- i agree with everything you just said. my daughter is expecting. the whole baby formula thing, they knew or should have known. the fed raising i...