Joe Kernen and Rick Santelli unloaded on Democrats, and particularly focused serial fearmonger Sen. Elizabeth Warren, after the most recent financial numbers confirmed continued power, with inflation remaining underneath management and GDP delivering actual progress regardless of the nonstop hysteria over tariffs.
Kernen didn’t maintain again:
“The left and folks that don’t just like the president and don’t need issues to work. And, you realize, Senator Elizabeth Warren will come on and say, “Inflation’s uncontrolled, and the financial system is getting killed by what’s occurring—by these tariffs.” This—3%, with the market at new highs—and, actually, we haven’t seen inflation, you realize, return as much as 3%. Possibly it would this week. Possibly we’ll see it. However none of these items—none of those horrible issues—have occurred, but they nonetheless discuss like they’re occurring. It’s superb.”
Rick Santelli piled on:
“Nicely, the necessary—there’s an necessary lesson there: don’t choose a congressman to be your cash supervisor. That’s what I might say. However, ultimately, Congress has its personal causes to level out sure issues. And the Democrats, in fact, as you identified, actually don’t need to see the present administration have some success. However there’s little question that that is some success. We’re seeing extra horsepower. We’re seeing higher equities. Inflation— inflation actually hasn’t modified a lot within the final 12 months or so.”
HOLY CRAP 🚨: CNBC is at the moment MOCKING the CRAP out of Democrats and Elizabeth Warren after the most recent inflation and powerful GDP report.
“The left, the individuals who don’t just like the president, don’t need issues to work. Senator Elizabeth Warren will come on and say, ‘Inflation is… pic.twitter.com/7BOMxrjFb4
— Dr Charlie Ward (@DrcharlieWardQ) August 17, 2026
As The Gateway Pundit beforehand reported, July inflation numbers dropped below professional’s predictions.
U.S. shopper costs rose 3.4 p.c in July year-over-year, down from June’s 3.5 p.c annual fee, as gasoline and grocery prices moderated, the Bureau of Labor Statistics reported Wednesday.
Core inflation, which excludes unstable meals and vitality costs, rose 0.2 p.c for the month and a couple of.5 p.c over the 12 months. Bloomberg News reported that the annual core determine matched the slowest tempo since March 2021 and that vitality, gasoline and grocery costs all fell on the month.
The report arrives because the Federal Reserve considers whether or not to lift rates of interest. The central financial institution has held charges regular all 12 months at the same time as inflation has run above its 2 p.c goal, in accordance with the New York Occasions. The Fed will obtain yet another inflation studying earlier than its subsequent assembly in mid-September.
NPR Information reported that the smaller annual enhance makes it much less seemingly the Fed will really feel the necessity to elevate charges in September. Monetary markets put the chances of the Federal Open Market Committee holding charges regular at that assembly at 55.9 p.c as of Wednesday morning, in accordance with the CME FedWatch device, The Hill reported.
It may be recalled that inflation rapidly surged and hit 9.1% in June 2022 underneath the Biden regime (the best in about 40 years).
Listed below are the month-to-month/annual year-over-year charges Joe Biden’s first two years in workplace.
2021: 1.4%, 1.7%, 2.6%, 4.2%, 5.0%, 5.4%, 5.4%, 5.3%, 5.4%, 6.2%, 6.8%, 7.0% (annual common ~4.7%).
2022: 7.5%, 7.9%, 8.5%, 8.3%, 8.6%, 9.1%, 8.5%, 8.3%, 8.2%, 7.7%, 7.1%, 6.5% (annual common 8.0%).
The inflation fee was 8.3% presently throughout Biden’s autopen presidency.
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