RUSH TRANSCRIPT Elizabeth okay ░░░░░░░░ White House angry with ░░░░░░░░ polls The president doesn ░░░░░░░░ like these voter polls ░░░░░░░░ Americans are upset that ░░░░░░░░ re getting hit hard ░░░░░░░░ inflation Edward Lawrence has ░░░░░░░░ from the White House ░░░░░░░░ this new Fox News ░░░░░░░░ shows that many Americans ░░░░░░░░ struggling to make ends ░░░░░░░░ In fact 57 of ░░░░░░░░ say that they have ░░░░░░░░ money many in their ░░░░░░░░ now than they did ░░░░░░░░ year ago Now only ░░░░░░░░ say they have more ░░░░░░░░ The latest Fox News ░░░░░░░░ shows the lowest approval ░░░░░░░░ on the economy and ░░░░░░░░ only 36 and 31 ░░░░░░░░ of that respectively President ░░░░░░░░ polling better on Ukraine ░░░░░░░░ still under 50 All ░░░░░░░░ this translates into the ░░░░░░░░ getting a 44 overall ░░░░░░░░ approval rating And so ░░░░░░░░ truth is the left ░░░░░░░░ they seem to be ░░░░░░░░ on a blueprint on ░░░░░░░░ to ruin America You ░░░░░░░░ print and spend trillions ░░░░░░░░ dollars leading to the ░░░░░░░░ inflation we ve seen ░░░░░░░░ 40 years Reporter everyone ░░░░░░░░ the president to his ░░░░░░░░ to people working here ░░░░░░░░ the White House promoting ░░░░░░░░ same line on the ░░░░░░░░ the unemployment rate is ░░░░░░░░ lowest level in 50 ░░░░░░░░ and workers are making ░░░░░░░░ Now both are true ░░░░░░░░ ignoring the fact that ░░░░░░░░ erased all the wage ░░░░░░░░ and actually cost families ░░░░░░░░ 3 000 and 4 ░░░░░░░░ a year for the ░░░░░░░░ quality of life as ░░░░░░░░ year So I asked ░░░░░░░░ are voters just not ░░░░░░░░ the right message or ░░░░░░░░ there something wrong with ░░░░░░░░ president s policies So ░░░░░░░░ first of all no ░░░░░░░░ s nothing wrong with ░░░░░░░░ president s policy But ░░░░░░░░ goes into a little ░░░░░░░░ of Covid origins question ░░░░░░░░ I ve gotten a ░░░░░░░░ times and that clearly ░░░░░░░░ colleague has gotten a ░░░░░░░░ times as well We ░░░░░░░░ just come out what ░░░░░░░░ American people have had ░░░░░░░░ deal with for the ░░░░░░░░ almost three years now ░░░░░░░░ you think about it ░░░░░░░░ right Reporter and in ░░░░░░░░ latest polls from Fox ░░░░░░░░ Americans are not buying ░░░░░░░░ the president s selling ░░░░░░░░ the economy Back to ░░░░░░░░ Liz Elizabeth they re ░░░░░░░░ blaming the pandemic three ░░░░░░░░ later Edward Lawrence thank ░░░░░░░░ so much Joining us ░░░░░░░░ U S treasury official ░░░░░░░░ fall ender We wanted ░░░░░░░░ back on Watch the ░░░░░░░░ trying to blame the ░░░░░░░░ for why polls show ░░░░░░░░ say they are worse ░░░░░░░░ under him and you ░░░░░░░░ see him again laying ░░░░░░░░ blaming how the polls ░░░░░░░░ done after the White ░░░░░░░░ kept claiming inflation is ░░░░░░░░ Watch this Four in ░░░░░░░░ Americans say they re ░░░░░░░░ off than when you ░░░░░░░░ elected Only 16 said ░░░░░░░░ were better off So ░░░░░░░░ is that Why aren ░░░░░░░░ Americans feeling this You ░░░░░░░░ the I mean you ░░░░░░░░ for the news If ░░░░░░░░ turn on the television ░░░░░░░░ go god that makes ░░░░░░░░ feel good Look at ░░░░░░░░ polls CBS poll 64 ░░░░░░░░ Americans think the economy ░░░░░░░░ in bad shape An ░░░░░░░░ poll 71 think the ░░░░░░░░ s on the wrong ░░░░░░░░ Why the disconnect Because ░░░░░░░░ polls don t matter ░░░░░░░░ You ve got to ░░░░░░░░ what 40 50 calls ░░░░░░░░ a cell phone to ░░░░░░░░ someone to answer a ░░░░░░░░ Inflation rate month to ░░░░░░░░ is just up just ░░░░░░░░ inch hardly at all ░░░░░░░░ in prices are likely ░░░░░░░░ have only transitory effects ░░░░░░░░ inflation Transitory Transitory Transitory ░░░░░░░░ Really looked at this ░░░░░░░░ s inflation 3 6 ░░░░░░░░ 12 months trailing you ░░░░░░░░ inflation s running too ░░░░░░░░ So for starters people ░░░░░░░░ seeing their wage increases ░░░░░░░░ wage increases eaten up ░░░░░░░░ inflation Elizabeth so what ░░░░░░░░ you think of all ░░░░░░░░ Michael Well you just ░░░░░░░░ it from Chairman Powell ░░░░░░░░ there If you look ░░░░░░░░ price increases net of ░░░░░░░░ the American people are ░░░░░░░░ off by 3 6 ░░░░░░░░ If so yes wages ░░░░░░░░ gone up but nowhere ░░░░░░░░ to keep up with ░░░░░░░░ inflation that has arisen ░░░░░░░░ the administration s policies ░░░░░░░░ senator Scott in your ░░░░░░░░ clip really nailed it ░░░░░░░░ you impose this amount ░░░░░░░░ spending when you run ░░░░░░░░ kinds of massive deficits ░░░░░░░░ the economy you are ░░░░░░░░ to see this kind ░░░░░░░░ inflation So those who ░░░░░░░░ at the outset that ░░░░░░░░ was transitory kind of ░░░░░░░░ their econ 101 lessons ░░░░░░░░ when you throw this ░░░░░░░░ of money into an ░░░░░░░░ and yet you don ░░░░░░░░ have supply side incentives ░░░░░░░░ actually go meet all ░░░░░░░░ additional demand you re ░░░░░░░░ to get inflation And ░░░░░░░░ it s unfortunate that ░░░░░░░░ re not yet seeing ░░░░░░░░ realization by the Biden ░░░░░░░░ that we need to ░░░░░░░░ course and get back ░░░░░░░░ sound economic policies that ░░░░░░░░ our budget in order ░░░░░░░░ more than half of ░░░░░░░░ don t want him ░░░░░░░░ run again He s ░░░░░░░░ on the economy More ░░░░░░░░ your point more Federal ░░░░░░░░ officials are warning inflation ░░░░░░░░ now getting entrenched It ░░░░░░░░ sticky That it s ░░░░░░░░ supply problem Energy supply ░░░░░░░░ the White House is ░░░░░░░░ the U S to ░░░░░░░░ to green energy amid ░░░░░░░░ supply problems Trillions in ░░░░░░░░ spending and an economy ░░░░░░░░ lockdowns A record job ░░░░░░░░ 2 3 for every ░░░░░░░░ So it s a ░░░░░░░░ problem What do you ░░░░░░░░ of the White House ░░░░░░░░ secretary trying to blame ░░░░░░░░ problems on the pandemic ░░░░░░░░ if you go back ░░░░░░░░ the when the inflation ░░░░░░░░ place we were a ░░░░░░░░ 8 months into recovery ░░░░░░░░ the Biden Administration came ░░░░░░░░ office and we were ░░░░░░░░ looking at 1 6 ░░░░░░░░ at that time When ░░░░░░░░ the inflation take off ░░░░░░░░ started occurring not just ░░░░░░░░ long after the passage ░░░░░░░░ the American rescue plan ░░░░░░░░ was because there were ░░░░░░░░ of dollars of extra ░░░░░░░░ spending thrown into an ░░░░░░░░ that was already in ░░░░░░░░ And so like typical ░░░░░░░░ re looking for a ░░░░░░░░ because it can t ░░░░░░░░ be their policies Instead ░░░░░░░░ s got to be ░░░░░░░░ else that they can ░░░░░░░░ Elizabeth got it Michael ░░░░░░░░ so much for joining ░░░░░░░░