Gasparino: Wall Street Democrats Have No Confidence in Biden

CLAY: It’s unfair, at this point, to even compare Joe Biden to Jimmy Carter because Jimmy Carter was far more competent. And on Fox Business Network when the 8.3% inflation numbers for April came out, Charlie Gasparino said this is a belief out there that Biden is just totally incompetent. Listen to this.

GASPARINO: One of the problems that we have right now obviously is inflation, obviously with the markets and the economy, obviously it’s rising interest rates, and that will slow down the economy. But the other part of the equation here is a lack of confidence in the guy running the country. And it’s becoming increasingly obvious from…

Listen, I’m not gonna mention names. I talk to bank CEOs all the time. These are people that voted for him. They believe he’s incompetent and they believe the people around him are incompetent and they don’t believe they’re getting anything done. This is really bad on the economy and we’re at a very treacherous time in the economy. You know, this can go south fast.

CLAY: It was supposed to be “transitory,” Buck, and now it feels like it is never going to end.

BUCK: This is not a surprise, right? I mean, they mandated… As much as they do the whole “unexpectedly” as we’ve been talking about, economists say unexpectedly, they mandated the shutdown of whole economic sectors. They spent trillions of dollars and sent people checks to stay at home, all of which did nothing to stop covid or limit deaths from covid in any statistically meaningful way.

And now we have inflation, and the people in charge are surprised by this, like Joe Biden his advisers. Wait a second. You mean you can’t just spend trillions and trillions and trillions of dollars while artificially reducing productivity in the economy, the underlying actual value that our currency is tied to, and we get inflation? This is supposed to be a surprise? It’s like idiots rule over us, Clay, honestly.

CLAY: Yeah. And I thought it was interesting Gasparino there is pointing out that many of these executives voted for Biden, and they’re throwing up their hands like, “What in the world did we do?”