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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 th...

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 unifyi...

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 p...

>> 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...

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 sit...