'The Big Money Show' co-hosts Brian Brenberg, Taylor Riggs and Jackie DeAngelis torch Biden's economic optimism as Americans still feel inflation 'pain' across the board.
'The Bottom Line' co-host Sean Duffy discovers Ron Klain stepping down amid Biden's classified documents discovery, cryptocurrency bouncing back and a WaPo writer claiming sleepovers are filled with threats.
"They're still feeling pain at the pump and for a lot of other things, for goods and services as well," DeAngelis said. "So for [Biden] to say, 'Everything is great,' and to take one headline and put it out there without context and say he's doing such a great job and pat himself on the back, the American people aren't stupid and they don't want to be lied to.", for December 2022 will be released on Friday.
"The core part - so take out food, take out energy - that's still rising," Riggs said. "And that's the problem, because that's why you have to raise rates so quickly to tackle that, because everything else might be coming down, like energy, etc., given how volatile it is – but some of those underlying issues are still very persistent."
Brenberg reminded viewers that inflation can have a compounding effect, so "you're paying more this year than last year," and "last year you were paying way more than the year before."
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