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Out. >> yeah. >> but how does president biden, if you were advising -- how would he respond to that argument? >> when joe biden became president of the unemployment rate was 10%. one in ten americans and have a job -- unemployment rate was the lowest it has been in 50 years. our economy was growing while other western economies are not growing. so, we are creating jobs. we are growing. manufacturing is coming back. you heard him a lot talk about saying electric vehicles -- in the united states. we don't have to import them the batteries from china, we are making batteries in the united states....

You are, how would he respond to that argument? >> when joe biden became president, the unemployment rate was 10%. one in ten americans did have a job. today, the unemployment rate is the lowest it's been in 50 years. our economy is growing while other western economies are not growing. so, we're getting jobs, we're going. manufacturing is coming back. you heard a lot of talk tonight about electric vehicles. where's trying to make the united states. we don't have to import the batteries from china. we're making the batteries in the united states, all over the country. so, i think, i think amer...

Interest rates are now expected in the city to rise by next august to 5.5%, more than twice their current level. andy verity, bbc news. earlier the bbc�*s head of statistics gave us more analysis on the detail of the announcements. what you had it during the time of austerity after the financial crisis was a government that was determined to spend less and it was about getting the deficit down, being responsible with public finances, and at that time at the bank of england was doing the opposite with monetary policy and interest rates, keeping them as low as possible to support the economy, ...

Vaccines. that was the president's program. and we got kids back into school which everybody felt was the right thing to do. so huge victory there. then we passed a bipartisan infrastructure plan that the president was very involved in forging with the senate and the house. unfortunately we only had 13 people vote for it in the house of representatives on the republican side of the aisle. >> that's a yes? >> that's a yes. >> a yes to biden? >> i'll get to the yes. >> okay. >> passed the chips bill. very, very important. the make it in america bill. a bill that's going to make us more competiti...

Inflation. this is something that nobel laureates in economics have stressed would help fight inflation for the long term. if we can bring down some of these costs, if we can reduce the deficit, by having the wealthy pay their fair share, and on that score, i know you were mentioning senator mcconnell, i think it is very telling that you have every democrat in agreement, that in order to fight inflation, we need to bring these costs down, we also need to make sure that the wealthy are helping us bring the deficit down, but senator mcconnell, he is so in dentured to big pharma and protecting mu...