Reid: Your Money Isn’t Going as Far as It Used to ‘Biden-Inflation’

‘The labor department said it is at the highest level in 30 years’

EXCERPT:

REID: "Okay, unless you’ve been living under a rock your money isn’t going as far as it used to, with higher prices on gas, food and your energy bills. That would be the inflation. And today the Labor Department announced it's at the highest level in 30 years, which actually should not be super-surprising in a wake of a historic pandemic in which family’s financial resources were essentially holed up, pent up, waiting for a chance to be spent. And with the uptick in demand to buy and ongoing challenges for people to get back to work in key industries, the country is facing a drastic supply chain issue with demand for goods overwhelming our production and shipping capabilities. Here is how economist Jeffrey Sachs explained it earlier today."

Video files
Full
Compact
Audio files
Full
Compact
Similar stories
Ramesh Ponnuru: Biden Admin. Has Consistently Played the Politics of the Economy Badly
Outgoing Sen. McCaskill Farewell Address: ‘I’d Be Lying If I Didn’t Say I Was Worried About This Place’
Earnest Admits that Libya Collapse Scared Obama to Act Against Enemies
William Haseltine: Delta Has the Propensity To Go Through Some of the Surgical Masks
CNN Correspondent: ‘We Are in for Quite a Few Years of the Fed Tightening as It Tries to Get Inflation Under Control’