Inflation is at a record high. Joe Biden holds an event at the White House celebrating the hilariously misnamed Inflation Reduction Act. The Dow Jones Industrial Average drops 1,200 points after inflation stats come in red hot. And Democratic Senate candidates are struggling. Today's show is sponsored by ExpressVPN. Get ExpressVPN for free, no credit card required, on your first purchase. Use the promo code SHAPIRO for 1 month for FREE when you upgrade your plan to PureTalk. You'll get 1 month free of most major credit cards, insurance, and other major forms of financial products. They make the switch from your current provider incredibly easy, and it's not going to take you more than 10 minutes. Just go to PeerTalk.co/Shapiro and enter code Shapiro to get 1 Month for FREE. That's $1.00 off your first month, and you get 1 year of PureTalk for free. Plus, you get access to all of the features mentioned in the show, like unlimited web browsing, unlimited epsiode access, and a 20% discount when you sign up for a complimentary credit card! Subscribe to my new podcast, The Ben Shapiro Show on Audible, wherever you get your ebooks, and get 20% off the first month for a year of Audible Prime membership! Subscribe and get 10% off for the entire year, plus an ad-free version of the show coming soon! You get 15% off my entire Audible and Audible courses, plus I'm giving you access to the Audible membership trial, and I'll get an ad discount, plus a free copy of my new book called Audible Pro, The Best Fiend Pro, for a total of $99.99 a year and a complimentary copy of the book I'm working with Audible. I'll be giving you a chance to review the book called The Best of the entire service. and get an extra $5,000 in the course of the course and get $5 and get a discount on the book, plus they get an additional $5 other places get a VIP membership offer, and they get a 5-piece of the ad discount when they get the choice of my ad discount and a discount of $4/month gets you decide to win $5 or a VIP discount, they also get my VIP membership only gets you a discount, and the other place gets $5/place gets the best deal.
00:01:38.000inflation. Instead, they came in at 8.3 percent. The consumer price index had increased 8.3 percent over year over year. According to the Wall Street Journal, consumer prices overall rose more slowly in August from a year earlier, but increased sharply from the prior month after excluding volatile food and energy prices, showing inflation pressers remain strong and stubborn.
00:01:57.000The Labor Department on Tuesday reported its consumer price index rose 8.3 percent in August from the same month a year ago.
00:02:02.000That is down from 8.5 percent in July and 9.1 percent in June, which is the highest inflation rate in four decades.
00:02:08.000The CPI measures what consumers pay for goods and services.
00:02:11.000But again, All that means is that we are still wildly inflated over last year.
00:02:15.000It does not mean that inflation is actually really reducing.
00:02:18.000It just means that it's increasing at a slower rate.
00:02:21.000So-called core CPI, which excludes energy and food prices, increased 6.3% in August from a year earlier, upmarkedly from the 5.9% rate in both June and July, a signal that broad price pressures actually strengthened.
00:02:33.000And so the only force that was militating against an even worse inflation number is the fact that gas prices have come down.
00:02:38.000Gas prices have come down because people are spending less on gas.
00:02:43.000And so what that means is that all of the other forces that are boosting that number, the things that you really spend a lot of money on things like your rent.
00:02:49.000things like your food. These things are incredibly expensive. On a monthly basis, the core CPI rose 0.6% in August. That is double July's pace. That's actually an increase in the inflation rate over July from core CPI. Investors and policymakers follow core inflation closely as a reflection of broad underlying inflation and as a predictor of future inflation. Jamie Cox, managing partner for Harris Financial Group said in a statement, these data are hot and are a reflection of feed through of higher energy prices from earlier this year.
00:03:18.000stocks tumbled, bond yields jumped after the report showed the price pressures are proving to be more persistent than investors anticipated.
00:03:24.000The stock market is saying This means that earnings are likely to drop and this means that prices are likely to drop and they're starting to move toward bonds because again, if the inflation rate is really hot, that means the interest rates are about to increase.
00:03:37.000The Dow Jones Industrial Average dropped nearly 1300 points or 3.9% on Tuesday.
00:03:39.000point or 3.9 percent on Tuesday. The S&P 500 fell 4.3 percent while the Nasdaq composite slid 5.2 percent. The yield on the benchmark 10-year U.S.
00:03:48.000Treasury note settled at 3.422%, according to TradeWeb.
00:03:51.000That is up from 3.297% just before the inflation data were released.
00:03:55.000Inflation has recently shown signs of easing for some goods and services, mainly gas.
00:03:59.000But the problem is, prices for most goods and services remain much higher than one year earlier.
00:04:04.000On a monthly basis, prices rose more for items tracked by the CPI in August than in July, which is an escalating rate of inflation.
00:04:10.000On pretty much everything except for gasoline.
00:04:13.000Food prices continued to climb sharply this past month.
00:04:15.000It rose 0.8% in August from July, as did those for new vehicles.
00:04:19.000Prices also rose last month for medical care, education, electricity, and natural gas.
00:04:23.000One key channel of inflation is rising housing costs.
00:04:28.000These costs account for nearly one-third of the overall CPI.
00:04:31.000Once housing costs start to rise, that momentum tends to persist.
00:04:33.000And a lot of that, of course, is increase in rent, because as those interest rates increase and as mortgage rates increase, people are not buying homes, which means they still need a place to live.
00:04:41.000And the place that they are choosing to live is in rental apartments, for example.
00:04:45.000This is generating extraordinary pressure on American households.
00:04:49.000The inflation debate seemed to have sort of waned over the course of the last couple of months as the media dramatically tried to refocus on things like climate change and Trump.
00:04:56.000And you can see it reflected in the polls as Republicans started to decline in the generic congressional ballot and Democrats began to increase in the generic congressional ballot.
00:05:04.000Well, inflation is now top of the ticket again.
00:05:06.000And it's going to get worse for Democrats before the election, not better, especially considering the way that the Biden administration has chosen to actually fend off allegations that they have postured inflation.
00:05:15.000They're not saying, well, you know what, guys, we are going to get this under control.
00:05:18.000And the way we're going to get this under control is we are going to push for an increase in the interest rates.
00:05:21.000We're going to become more fiscally responsible.
00:05:22.000We're going to stop blowing money into the economy.
00:05:24.000We're going to stop wasting all of your taxpayer dollars on random nonsense.
00:05:28.000Instead, they've basically gone out there and they've started telling everybody that it's all in their mind.
00:05:32.000That if you are paying 13% more for food this year than you were last year, which is pretty much what you're paying, if you are doing, if that's what you're feeling, you are feeling wrong.
00:05:57.000That is all imaginary because Joe Biden tells you so.
00:06:01.000According to the Wall Street Journal, inflation infighting is happening now within households because food prices are up.
00:06:07.000The consumer price index was up 8.3% year over year in August, according to the Labor Department, and various couples have been making sacrifices to cope.
00:06:14.000They're changing how they shop, specifically because of all of this, and this is causing household fights.
00:06:19.000Again, these are real, when you talk about kitchen table issues, there's no thing, like literally, there's nothing that is more kitchen table issue than how much your food costs.
00:06:29.000Electricity and some heating costs are rising as well right now.
00:06:32.000According to the Wall Street Journal, U.S.
00:06:34.000consumers are getting a reprieve from high gas prices, but a jump in electricity and natural gas costs are increasing their energy bills as winter approaches.
00:06:40.000Gas prices have dropped about 26 percent since June, helping to bring the U.S.
00:06:43.000Consumer Price Index for energy in August down 5 percent from July, a second consecutive monthly decline, according to the Labor Department data.
00:06:49.000Other energy costs are rising, offsetting relief at the pump.
00:06:52.000The index for electricity in August climbed 15.8% year over year.
00:06:57.000That is the biggest such 12 month increase since 1981.
00:06:59.000So basically all the savings that you are seeing on gas are now being eaten up by your electric and heating bill, which is a serious problem for most Americans.
00:07:10.000Also worth noting, one of the ways Joe Biden sought to lower the gas price at the pump is that he released Hundreds of millions of barrels of oil from the Strategic Petroleum Reserve, putting it at its lowest level in decades.
00:07:20.000Well, now he is seeking to buy back a bunch of oil to restock the Strategic Petroleum Reserve.
00:07:27.000Meanwhile, in terms of overall income, according to the Wall Street Journal, Americans as a whole have experienced two years in a row of flat or declining household income, according to new government data, reflecting the pandemic's lingering economic pain as inflation is also taking the largest bite out of pocketbooks in four decades.
00:07:42.000In its annual assessment of the nation's financial well-being, the Census Bureau said median household income of about $70,800 in 2021 was not statistically different in a real way from an inflation-adjusted 2020 estimate of about $71,200.
00:07:50.000statistically different in a real way from inflation adjusted 2020 estimate of about $71,200. That should have been a minor decline. Lack of any real growth for 2021 follows a decrease in incomes recorded in 2020.
00:08:02.000And this year, too, wages are being outpaced by inflation.
00:08:13.000They're going to have to ramp up the interest rates to dramatic rates in order to cramp the incipient inflation bubble that is now eating up pretty much everybody's wage increases.
00:08:25.000By the way, banks are seeing people withdraw money specifically because they need the money.
00:08:36.000Basically, the money pushed a bunch of money.
00:08:38.000Basically, the government pushed a bunch of money, a bunch of cash into people's pockets, and now people are withdrawing it at extraordinary rates in order to pay off these inflationary bills.
00:08:46.000Deposits fell to $19.563 trillion as of June 30th.
00:08:50.000That is down from $19.932 trillion in March, according to the Federal Deposit Insurance Corporation.
00:08:56.000The outflow in the quarter is not a problem for banks.
00:08:58.000They're sitting on more deposits than they want.
00:09:00.000But it does show that people are beginning to withdraw extraordinary amounts of money from the banks right now.
00:09:06.000And as the government attempts to rein in the amount of inflation, when people are withdrawing a lot of money from the bank and they're spending it, that is not going to rein in the inflation.
00:09:15.000That means probably more spending, which means presumably higher prices.
00:09:18.000We now have a price-wage spiral, for example.
00:09:21.000The federal deficit, by the way, widened to $220 billion in August as well.
00:09:26.000According to the Wall Street Journal, the federal government ran a deficit of $220 billion in August, a shortfall that widened compared with the year before as spending grew faster than revenue collection last month.
00:09:35.000The government spent $523 billion last month alone, which is unbelievable.
00:09:39.000The amounts of money that we spend in this country are just insane.
00:09:42.000An $84 billion increase that largely reflected calendar differences in how payments were distributed in August 2021.
00:09:48.000Government revenues were $304 billion, a $35 billion increase.
00:09:51.000So we spent $220 billion more than we took in last month.
00:09:57.000But don't worry, Joe Biden is fiscally responsible, guys.
00:09:59.000Which, of course, is why the stock market suffered the worst day that it has since literally the middle of the pandemic in June of 2020.
00:10:04.000Now, serious economists, people who are not spending their days with their heads directly up Joe Biden's rectum, serious economists are looking at this and they are saying, okay, this is a serious Now institutionalized problem with the American economy and this is not going to end without significant pain.
00:10:21.000Larry Summers, the former Treasury Secretary and National Economic Council Director, who of course worked under Bill Clinton and was warning about inflation from the very beginning.
00:10:30.000He is out there saying that the United States still has a serious inflation problem.
00:10:33.000He said core inflation is higher this month than for the quarter, higher this quarter than last quarter, higher this half of the year than the previous one, and higher last year than the previous one.
00:10:41.000He also said that median inflation rose to its highest ever reading.
00:10:45.000Indeed, median inflation rose from 6.3% in July 2022 to 6.7% in August of 2022.
00:10:50.000So the simple fact is, Summers said that the odds of inflation falling to 2%, which is what the Federal Reserve typically targets, without unemployment spiking above 4.5% is highly He says that you're going to have to raise the interest rates above 4% generally.
00:11:08.000I've been saying this for a while, that the total interest rates set by the Federal Reserve are going to have to be more like 5% or 6% to get inflation anywhere near under control.
00:11:17.000So again, this is this is Joe Biden's fault.
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00:13:56.000So Corinne Jean-Pierre, the extraordinarily untalented White House press secretary, she yesterday was saying, she said, you know, we're seeing moderation in prices.
00:14:02.000Don't you see the good news here, guys?
00:14:18.000And real wages are going up again for the second month in a row, giving hard families, hardworking families, just a little bit of breathing room that you hear the president say.
00:14:32.000Sure, the prices continue to spike, but feel that breathing room.
00:14:35.000So then she was asked, you know, you did pass the Inflation Reduction Act, and it seems like inflation is not being reduced.
00:14:41.000Not only did you pass the Inflation Reduction Act, yesterday, the White House held a big celebratory event for the Inflation Reduction Act, which led to some extraordinary contrast between Joe Biden speaking on screen about the Inflation Reduction Act, and then in the bottom of the screen, the stock market numbers, the ticker going down 1200 points.
00:14:57.000It was really, really not a very good screen cap for the Biden administration.
00:15:01.000So Corinne Jean-Pierre was asked about the Inflation Reduction Act, and she's like, well, you know, sure, it doesn't reduce inflation right now, but it will in the future.
00:15:14.000What exactly would the Inflation Reduction Act do to reduce inflation in the short term?
00:15:20.000So, when you look at the lowering costs in particular for Americans, I think that's important when you think about how inflation has increased costs for Americans.
00:15:36.000If you think about the $100 Saving about $100 per year on premiums with ACA.
00:15:42.000When you think about lowering costs for our seniors, capping that at $2,000 a year instead of thousands and thousands of dollars a month.
00:15:51.000That lowering of cost as we deal with a time that is difficult for many Americans.
00:16:01.000You feeling secure with these people in charge?
00:16:02.000Okay, so all of this was in the midst of a day in which Joe Biden was celebrating with his friends in the Democratic Party about passing a $1 trillion green energy boondoggle that is going to be a SOP to a bunch of Solyndra-like companies.
00:16:16.000And the level of out of touchness of this White House really is quite amazing.
00:16:20.000You have to understand that most of the people who staff places in Washington, D.C., these are not people, you know, the higher level staffers, the people who write these bills.
00:16:27.000These are not people who are deeply worried about the price of groceries because they don't exist in that world.
00:16:31.000The journalistic establishment does not exist in the world where the price of groceries is like a major obstacle to their way of life.
00:16:37.000They're not living the lives of blue collar workers in Ohio, for example.
00:16:42.000The difference is I know blue collar workers in Ohio and nobody in journalism or apparently in the Democratic administration has ever met anybody who's a blue collar worker in Ohio.
00:16:50.000So their way of celebrating the Inflation Reduction Act is they they took out of storage James Taylor.
00:16:56.000James, you remember, like, the kind of folk rock singer from the 1960s?
00:17:00.000So they dredged him up from a crypt somewhere, and they brought him forth to sing Fire and Rain, which, by the way, is a depressing song about suicide.
00:17:14.000Ironically, the year when another massive spending president who believed himself to be a world-changing figure had to withdraw from a presidential race because he was so wildly unpopular and was leading the American economy into a roadside ditch.
00:17:26.000So, I guess there is some sort of appropriateness to James Taylor.
00:17:31.000He literally came out and sang Fire and Rain at the Inflation Reduction Act celebration ceremony.
00:18:01.000I mean, listen, I guess at this point I should just be pleased that Joe Biden didn't call forth Megan Thee Stallion and Cardi B to rap about their vaginas in celebration of the Inflation Reduction Act in pursuit of equity or something.
00:18:12.000I mean, I guess at least I should be happy about that, right?
00:18:15.000I mean, at least it's James Taylor whose music is actually listenable.
00:18:28.000So Joe Biden, first of all, even if you like the Inflation Reduction Act, which is the most misnamed act in human history, they're literally celebrating the Inflation Reduction Act as inflation stats come in at 8.3% and food comes in at 13%.
00:18:55.000The naming of this act, though, the Inflation Reduction Act, which is what if we pour $1 trillion into the economy in the middle of an inflationary spiral to stop inflation, and then we'll celebrate it on the White House lawn as the stock market plunges 1,200 points thanks to our inflationary pursuits.
00:19:59.000Oh, we will find that out in 2022, will we not?
00:20:02.000leadership. Americans are seeing what it looks like to have a president and a Congress that's focused on delivering results to make their lives better.
00:20:13.000Oh, we will find that out in 2022, will we not? Whether Americans really, really like what you guys have been doing. Joe Biden is an amazing leader.
00:20:22.000And meanwhile, Joe Biden's walking into walls over here.
00:20:23.000Like, Joe, Joe, not that, not that way, not that way.
00:20:26.000You got Joe Biden and the Easter Bunny pulling him away.
00:20:29.000Schumer then, of course, as a unifying figure, he says, MAGA Republicans divide us, but Joe Biden brings us back together.
00:20:35.000This obnoxious nonsense about how anyone who opposes your agenda is an extremist, who is a threat to domestic security, is really scary.
00:20:44.000Remember, they have not defined MAGA Republicans.
00:20:46.000This is a celebration for the passage of a fully partisan act.
00:20:49.000There was not one Senate vote by the Republicans, including people like Mitt Romney and Susan Collins, in favor of this so-called Inflation Reduction Act.
00:21:15.000That's the difference between the two parties in a nutshell.
00:21:19.000While MAGA Republicans are fixated on their extremist agenda like a national abortion ban, Democrats are focused on creating jobs, lowering costs, and bringing the country together.
00:21:33.000This is such unbelievable gaslighting.
00:21:37.000I mean, what Chuck Schumer says right there is such unreal gaslighting.
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00:22:53.000So, understand, he just claimed that if you did not support this Garbage Inflation Reduction Act, you're Mitt Romney, you're Susan Collins, you didn't support it.
00:23:16.000Oh, is that all the things that they're doing?
00:23:18.000Okay, so Nancy Pelosi was also brought out of mothballs here.
00:23:22.000Our leadership class, just as a general observation, and this is true across the board, when your entire leadership class in a country is geriatric, this demonstrates a complete lack of forward progress in a country.
00:23:45.000And when it's Nancy Pelosi, who is in excess of 80, and when it is Joe Biden, who's 80, and when it is Chuck Schumer, who is, I believe, 71, on one side of the aisle, and then on the other side of the aisle, your leading presidential candidate is also approaching 80, right?
00:24:02.000Donald Trump is also approaching 80 at this point.
00:24:05.000And Mitch McConnell is similarly an elderly person.
00:24:12.000Like, this does not speak of an American political system that is thriving here.
00:24:18.000Anyway, Nancy Pelosi has brought forth dentures a-clacking to explain that the Inflation Reduction Act is bringing down the cost of kitchen table items.
00:24:24.000There's great irony to the fact that no one can afford to put anything on their kitchen table at the moment that she is discussing how she's bringing down costs.
00:24:30.000And then she has to beg people for applause, which is always great.
00:24:32.000You remember when Jeb Bush had to ask people to applaud and it became a meme?
00:24:35.000So now Nancy Pelosi's doing the same thing.
00:24:38.000Inflation Reduction Act, so beautifully named for all that it does.
00:24:43.000As the name suggests, this landmark law is cutting costs and inflation fighting and driving down costs for kitchen table items for America's working families.
00:24:54.000Mr. President, thank you for unifying and inspiring a vision of a stronger, fairer, safer future for all, for our children.
00:25:07.000Your extraordinary leadership has made this glorious day possible.
00:25:34.000That's the Equality Act, which is really just about enforcing LGBTQ agenda items.
00:25:39.000Or it's the Voting Rights Act, which is really just about changing voting procedure to make it easier to vote illegally.
00:25:44.000Whenever a party names an act, you can assume that the name of the act is not actually what is in the act.
00:25:50.000The only difference is that what the media do is the media routinely call things by what the Democrats wish them to be called.
00:25:56.000And if Republicans have an act, then the Democrats just make up a name for the act, and then the entire media call it by what the Democrats want it to be called.
00:26:02.000It's always what the Democrats want it to be called.
00:26:03.000If it's the Inflation Reduction Act, we don't call it the Green Boondoggle Act of 2022, which is what it is.
00:26:09.000We call it the Inflation Reduction Act.
00:26:11.000If Florida passes a law saying that you should not teach sexual orientation and gender identity to five-year-olds, then the media immediately start calling it the Don't Say Gay Bill, right?
00:26:19.000And this is what they do, because the Democrats are calling it that, which demonstrates, again, the complete merger between the Democratic Party and the media.
00:26:24.000Okay, so finally, we get to Triumphal Joe Biden.
00:26:27.000Triumphal Joe Biden is one of the worst forms of—he's wearing his aviators.
00:26:32.000This is how you know that he's triumphant.
00:26:33.000When Joe Biden wears it, we have been reliably informed that when Joe Biden wears aviators, it's not because he is suffering from astigmatism.
00:26:40.000It is because he actually is triumphant.
00:26:44.000So triumphant Joe Biden trying to, I don't know, bluster his way through eating mashed potatoes here, talking about how it wasn't easy to pass, but we did it.
00:26:56.000I do love that it wasn't easy to pass.
00:27:22.000In fact, I think it's fair to say we've achieved more bipartisan agreement in these nearly two years in my presidency than anyone thought was even remotely possible when I entered office.
00:28:10.000And then the gaslighting continues, right?
00:28:12.000So this was the part that was really funny.
00:28:13.000If you actually watched this speech on, for example, Fox News, you would see underneath the stock ticker.
00:28:19.000And it was very awkward because as he was talking about how the American people were winning and how fiscally responsible he was, you could just see the stock ticker going.
00:28:29.000So here is Joe Biden talking about how the American people won.
00:28:32.000Weird because they don't feel like they won here.
00:28:35.000Exactly four weeks ago today, I signed the Inflation Reduction Act into law.
00:28:41.000A single most important legislation passed in the Congress to combat inflation, and one of the most significant laws in our nation's history, in my view.
00:28:49.000I said it then, and I'll keep saying it.
00:28:52.000With this law, the American people won, and special interests lost.
00:29:16.000I don't know what losing feels like to you, but typically when the government tries to give me billions of dollars to waste on inefficient green energy projects, that doesn't feel so much like losing to me.
00:29:30.000And then he continues, he said, when Joe Biden pretends that he is fiscally responsible, Joe Biden pretending that he is fiscally responsible is like OJ Simpson saying that he is excellent with women.
00:29:44.000No, you're spending more money than any president in human history, more than any person in human history has ever spent on anything you're spending.
00:29:52.000And then you're declaring that you are fiscally responsible.
00:30:12.000He's just lying to your face and then hoping that because you hate Donald Trump and Orange Man bad that you're going to pretend that he's not the president and he's not presiding over an inflationary spiral we haven't seen since before I was born.
00:30:55.000He's saying that he keeps saying this lie, which is that he's reducing the deficit.
00:30:59.000Again, if I spend $200 on my credit card bill this month and I spend $100 on my credit card bill last month, that's not reducing my total debt.
00:31:07.000If you call that reducing deficit because I spent less this month than I did last month, that is so unbelievably dishonest to claim that now you're fiscally responsible because you're spending a little bit less in the red than you were last month.
00:31:19.000You're not on a pathway to zero, my friend.
00:31:20.000He's not even pretending he's on a pathway to zero here.
00:31:42.000For all the criticism I got and the help you gave me, for gas prices bringing they're down more than a dollar and thirty cents a gallon leaning in since the start of the summer we're making progress i do enjoy when he leans into the microphone you know what you know what love that move from the president of the united states By the way, just going to note here that the U.S.
00:32:09.000national debt is now up to $31 trillion.
00:32:13.000$31 trillion, and that's not counting all of the unfunded liabilities that we have.
00:32:19.000And also when he says he brought down gas prices, again, I would just like to point out that gas prices right now Are on average in the United States, something like, I'm looking at the AAA number right now, about $3.70 when he took office, a little over $2.
00:32:36.000So yeah, he's been doing an amazing job, guys.
00:32:39.000And then, of course, we end with Joe Biden in his aviator glasses rambling incoherently as they bring him back to the break room and plop him down on that gurney and wheel him away.
00:33:26.000And by the way, I hope that you're looking forward to more price spikes considering that the White House is currently trying to figure out how to ship freight around the country because the railroad unions are taking advantage of this administration.
00:33:37.000According to the Wall Street Journal, the White House is assessing how other transportation providers could fill potential gaps in the nation's freight network as labor unions and railroads continue contract talks to avert a potential labor stoppage this week.
00:33:47.000Senior administration officials are communicating with ocean shipping, trucking, and air freight companies, among others, to determine how to keep goods moving.
00:34:20.000White House Press Secretary Karine Jean-Pierre said, we've made crystal clear to the interested parties, the harm that American families, businesses and communities would experience if they were not to reach a resolution.
00:34:28.000So basically, they're now going to the labor unions and like, guys, we need you to come to the table.
00:34:32.000Otherwise, Republicans are going to win.
00:34:35.000Labor Secretary Marty Walsh is planning to meet with Union and Rail Company representatives on Wednesday in Washington, D.C.
00:34:42.000Several railroads have already halted transports of hazardous materials and said they would place embargoes on non-hazardous cargo as well.
00:34:47.000Norfolk Southern Corporation said in a bulletin to customers it plans to close all gates to intermodal traffic on Wednesday at noon local time.
00:34:54.000Such shipments, where railroads carry shipping containers and truck trailers, are often used by large retailers and consumer products companies.
00:35:00.000The railroad said they're limiting shipments to avoid stranding hazardous or sensitive materials in case of a strike.
00:35:05.000So again, just excellent, well done stuff here from the Biden administration, which has fomented the greatest hopes of all of the unions everywhere.
00:35:14.000When the gaslighting is so strong that Stephanie Ruhle over at MSNBC is like, guys, you're gaslighting us?
00:37:01.000By the way, Captain Climate Change over here, who just spent a trillion dollars on fighting climate change, gassed up Air Force One and went to Delaware to get ready for this.
00:37:26.000According to Bloomberg, the White House didn't publicly announce the trip until just before he left because what happened is they didn't plan it.
00:37:33.000They didn't know they were going to Delaware.
00:37:38.000And they're like, OK, gas up that jet and let's go.
00:37:40.000Asked before boarding his plane why he was traveling to his home state on short notice, the president answered, to vote.
00:37:45.000He did not answer when asked why he hadn't simply requested and returned an absentee ballot.
00:37:49.000Delaware also offered in-person early voting on Saturday, when Biden was in Delaware.
00:37:54.000So either the man has short-term memory loss, or he's just trying to get out of town.
00:37:59.000Instead, Biden employed two motorcades, local police protection, and the Boeing 757 version of Air Force One to vote in an election with no high-profile races on the ballot.
00:38:06.000I'm gonna go with he just wanted to leave town, okay?
00:38:08.000I really don't think that he was like, I need to vote for the dog catcher in Wilmington.
00:38:25.000Which, frankly, I think may be the proper response in single-party states like Delaware and New York.
00:38:31.000So there is Captain Climate Change, who is blowing the carbon emissions out the back of that jet like nobody's business, doing more to fly back to Wilmington, Delaware, in order to vote in a useless primary in Delaware, spending more on carbon emissions than the entire continent of Africa does in a day, probably.
00:38:47.000Meanwhile, in the Senate, you can see Democratic Senate candidates running headlong away from Joe Biden.
00:38:52.000And as I've been saying for literally months, when the focus is on Joe Biden, Democrats are in serious, serious trouble.
00:38:58.000So Mark Kelly, who is running a Senate race right now against Blake Masters, in most of the polls, he's up somewhere between five and seven points.
00:39:04.000But if people realize that Mark Kelly actually just votes with Joe Biden all the time, it's not great for Mark Kelly.
00:39:08.000So Mark Kelly was asked a pretty simple question.
00:40:45.000A lot of this is based on the idea that John Fetterman is authentic.
00:40:48.000Now, Dr. Oz is not going to be considered authentic by the Pennsylvania population.
00:40:52.000It's just not possible to overcome the kind of numbers he has there.
00:40:55.000And right now what the polls show is that Pennsylvanians think that Dr. Oz says what he really believes.
00:41:01.000Only 29% of Pennsylvanians believe that.
00:41:03.00071% say that he's just saying what he thinks voters want to hear, Dr. Oz.
00:41:08.000Now, first of all, this is always a dumb question because the answer is if you're a politician, almost always you're saying what voters want to hear.
00:41:30.000According to the UK Daily Mail, a watchdog group is filing a complaint asking the Senate Ethics Committee to investigate why Pennsylvania Democrat John Fetterman did not disclose eight real estate assets on his most recent personal finance disclosure.
00:41:42.000The total value of the properties he left off his disclosure form was $108,000.
00:41:46.000All eight of the properties were in Braddock, Pennsylvania, Fetterman's hometown where he served as mayor.
00:41:51.000His name is listed as owner on all of them on the Allegheny County website.
00:41:55.000Most of the properties appear to be empty lots worth between $10,000 and $20,000 that surround Fetterman's home.
00:42:00.000One was a building structure worth over $40,000.
00:42:02.000But Fetterman did not list a single real estate asset on his most recent July 29th disclosure.