Inflation

With the interest rate hike set to be announced today, Politico reports that the Federal Reserve has waged a war on inflation, but it could lead straight to a recession:  “Fed Chair Jerome Powell has pledged to do whatever it takes to curb inflation, a point that he will punctuate on Wednesday when the central […]

WBT afternoon host Brett Winterble joins Good Morning BT with Bo Thompson & Beth Troutman with reaction to President Joe Biden's comments made during a 60 Minutes interview regarding the highest inflation rate in the United States in 40 years.

Mark Pellin from Headline USA discusses President Joe Biden’s raid on the Strategic Petroleum Reserve. Its the largest drawdown of America’s oil reserve in history and is expected to drain the resources to a 40-year low just ahead of the midterm elections. Biden’s SPR raids are slated to end next month and industry experts have […]

While gas prices are falling slightly, inflation is still at an all-time high. The consumer price index has reported an 8.3% increase, leaving many Americans struggling to afford necessities. The DOJ continues its probe into former President Donald Trump. They have recently subpoenaed 30 more people who have had ties to the former President. Vice President […]

Analysis from the Joint Committee on Taxation finds the manufacturing sector will bear a massive and disproportionate share of the new tax burden imposed by Democrats’ newly-passed Inflation Reduction Act. And Democrats believe the best way to reclaim the mantle of The Party of the Working Class is to hire 87,000 IRS agents, obviously.

After touting 0% inflation for July, Democrats rammed through the so-called “Inflation Reduction Act.” Just as they redefined terms like “recession” and “raid,” perhaps this is a similar phenomena. It’s inflation that doesn’t identify as inflation. Hence, it’s transflation.

In this hour, a longtime Al-Qaeda leader has been killed via U.S. drone strike. More on inflation. Also, Speaker Pelosi visits Taiwan amid warning from China.

President Joe Biden delivered prepared remarks touting the Senate’s proposed Inflation Reduction Act of 2022. He also said the economy doesn’t sound like it’s in a recession to him, before quickly exiting the room while ignoring reporters’ questions.

Answer: When Democrats need an economic win. We’ve long understood that a recession is two consecutive quarters of economic contraction – which we have. But with Democrat electoral prospects dim, the White House is trying to convince Americans they’re not in a recession.

In this hour, Joe Manchin caves on energy and heath care bill. People need to stop worshiping Donald Trump. Plus, America is officially in a recession.