"The way that people feel right now about gasoline prices and mortgage rates, they are pissed off, and they have every right to be upset. And it's that quote from the CEO of Hines yesterday, Kraft Hines, Consumers are literally running out of money.' But who's ignoring that? asked co-host Brian Bromberg."
"When we talk about, Hey, the stock market and the A.I. spend,' we sound like a bunch of Democrats 'cause that is what the Democrats did when inflation was soaring, McDowell said. And, it's not at 9%-plus, but it's a problem for everyday Americans, and they're upset by it. What, did revolving credit go up last month, $10 billion, it was the biggest jump in more than two years? People are strapped, and you can't ignore it."
"You have, in effect, two economies going on. People are really feeling they are not getting ahead. Forbes continued: They do not see much improvement in terms of cost of living in a good sense. And that's one reason why, again, another subject, the administration should go for a new reconciliation bill with tax cuts and tax rates so that people see their paychecks going up, even if their wage likely is not going up."
"Go for a big tax cut instead of the skinny bill they're having out there now. Nice stuff in that bill, but let's get to really revving that economy up so that everyone feels things are starting to get better. With all due respectTrump has done more in a year on so many fronts then any of his predecessors, Bromberg said. But, what have you done for me?' I get that."
Gasoline prices and mortgage rates are driving anger among everyday Americans, with consumers described as literally running out of money. Stock market and AI spending are framed as distractions that sound like Democratic messaging during inflation. Credit and financial strain are cited as evidence that people are strapped. Two separate economies are described: one with market activity and another where people do not feel improvement in cost of living. A new reconciliation bill is urged, combining tax cuts and lower tax rates to raise take-home pay even if wages do not rise. The argument emphasizes that expectations for lowering living costs remain unmet.
Read at www.mediaite.com
Unable to calculate read time
Collection
[
|
...
]