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and has to be affirmed. i must say to you that the state of the union is not good these people somehow politics into power and make the government work. we re privileged to witness a significant achievement in the cause of peace. what was once a distant foreign policy to issue has become a domestic issue there is no delays in the spirit of this country. we can turn of this country around and we can turn our economy around. and the time to do it is now . just a few moments now, president nixon will be appearing before the people perhaps as last time as president of the united states. hail to the chief good evening, i shall resign the presidency affected tomorrow. turning over the direction of the government to vice president ford i know that the leadership of america will be in good hands. in those first few days and weeks when gerald ford ascended the presidency you can say if you were casting someone to play the road to heal a nation, gerald ford woul ....
nearly 1300 points. you can see it right here in the corner as you celebrated quite a contrast. scathing inflation report and the labor department revealing consumer price index rose 8.3 fears in august from a month ago. americans didn t need those numbers to know how bad things really are. food prices have seen their highest increase more than 40 years and cost of eggs, milk, and other basic staples are all going through the roof. it appears democrats are out of touch with americans. here s nancy pelosi yesterday asking for a round of applause. mr. president, thank you for unifying and inspiring a vision of a stronger, fairer, writer and future. your leadership made this glory yous day possible. that s an applause line. emily: cringe, there appears to be a downer that attended the party and here s the media reaction. harris: you re listening to president biden at the white house and celebrating the passage of inflation reduction act and fighting big pharma for de ....
8.6%. americans, you, we, are feeling this nearly everywhere, nearly everything is more expensive, including the cost of gas which remains at historic highs. the biden administration taking new steps to lower those gas prices. this morning presidentiesident calling on energy companies to do more. also this morning, the january 6th committee is teasing ahead to its next hearing, tomorrow, they released a portion of a taped deposition with a former white house lawyer. now the committee is saying that thursday s hearing will focus on president trump s effort to pressure then vice president mike pence to block the certification of the election. we will have much more on that, in just a moment. let s begin this morning with cnn white house correspondent arlette saenz. arlette, president biden is making strong demands from oil companies, this morning, as he tries to do something about the soaring gas prices. reporter: yeah, president biden is trying to ramp up the press ....
gerald ford is a conservative republican trying to figure out how do you deal with economic problems without strong government? he puts together this program which relies on voluntary action by americans. there was no program basically the president was saying buy less. the wind buttons were part of the propaganda also pamphlets and posters i object to distracting people s attention away from the principal goals the principle methods of coping with inflation are you suggesting that buttons and flags are trivial yes abc news presents live coverage of the state of union message to congress. the president of the united states. when he goes to give state of the union address, he is under tremendous pressure, i remember being there and it was powerful clearly. a lot hangs on this, this the ....
Past bad policies, wage and price setting, those aspects of what led to the crisis in the 70s won t happen now. can we be so sure? we can t be so sure of anything. there is no playbook. we thought this was transitory inflation, and it isn t. we have never had this many cross currents that play in the economy in certainly in my lifetime, back with inflation now, the wind buttons and the gerald ford days, that in the 70s, you had 12% inflation that went up to 14%. we don t have that yet. we also don t have very high unemployment, which is a key component of stagflation, the unemployment situation is very good in this country. the fed would like to have a little more to relieve the pressure on the economy for how high it is. that s such an interesting and important point that i think is very hard for many people to understand. you keep hearing the biden administration touting this low unemployment, which in a normal economy is a great thing. however, if you want to get a handle on t ....