Former Trump economic adviser Kevin Hassett warned that inflation is 'out of control' Tuesday on 'The Ingraham Angle' and can toss the country into a recession, if it's not already in one.
So what's going on is that the Biden inflation, it's not the Putin inflation, it's the Biden inflation, and we can talk about why, has produced such a high inflation rate that wages just can't keep up. And so what's happening is that prices are going up faster than your income. So therefore, your real income is going down. National income is what GDP is. When national income declines two quarters in a row, that's a recession.
The fact is that inflation is really out of control. I heard when you were playing that clip that they said we're nowhere near 15%, which is the all-time high. OK, well, actually, if you take this month's inflation number and annualize it, just pretend it's this month for the rest of the year, then you get 14% inflation. And so the 8.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Former President Donald Trump to visit Delaware County ahead of May primaryFormer President Donald Trump to visit central Ohio ahead of May primary
Leer más »
Former Trump lawyer, amid clash with Jan. 6 committee, pushing to decertify 2020 electionFormer Trump lawyer, amid clash with Jan. 6 committee, pushing to decertify 2020 election.
Leer más »
Former SLCPD detective sentenced for role in US Capitol riotNO JAIL TIME. Former SLCPD detective, Michael Hardin, has received a sentence for his role in the Jan. 6 riot at the U.S. Capitol.
Leer más »
See Former Child Star Soleil Moon Frye Now at 45 — Best LifeSoleil Moon Frye became one of the most famous kids in America playing Punky Brewster. Here's what she's doing now at 45.
Leer más »
Former Ethereum Developer Virgil Griffith to Be Sentenced in New York Court TomorrowFormer Ethereum developer Virgil Griffith faces up to 6 1/2 years in prison for his 2019 trip to Pyongyang, during which prosecutors say he helped North Koreans leverage crypto to evade international sanctions. cheyenneligon reports
Leer más »