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One on One with Barry: Rising prices, the economy, and Biden's misguided push for gun control |
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In the News: Rep. Loudermilk, Georgia Republicans respond to President Biden's gun laws speech
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11Alive:
President Joe Biden spoke to the nation Thursday night about gun violence, imploring Congress to take action following several mass shootings in the U.S.
“Just doing something, as the President espoused this evening, is not the answer to the massive outbreak of violence we are experiencing across the country. The laws that he suggested that Congress pass will not curb the violence we are experiencing. Laws are only effective when people respect and obey them.
“Those that carry out these violent acts are already violating numerous state and federal laws; and the idea that suddenly they would abide by new laws is ridiculous and irresponsible. If laws banning the sale or possession of certain items were effective, we wouldn’t have an opioid epidemic in this country today.
“This President and the Democrat leadership in Congress are partly responsible for the outbreak of crime in this country, due to their war on law enforcement, attempts to defund the police, and putting into place some district attorneys that are sympathetic to criminals instead of victims.
“The most effective things we can do is to focus on advanced security measures for our schools, support mental health intervention, and give law enforcement the tools and training they needs to combat crime.” - Congressman Barry Loudermilk
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In the News: US economy sees solid job growth in May as payrolls jump by 390,000
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Fox Business:
The U.S. economy continued to see healthy job growth in May, indicating the labor market is still strong despite growing fears of a recession amid sky-high inflation and an increasingly aggressive Federal Reserve.
Employers added 390,000 jobs in May, the Labor Department said in its monthly payroll report released Friday, beating the 328,000 jobs forecast by Refinitiv economists. The unemployment rate, meanwhile, held steady at 3.6%, the lowest level since February 2020.
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In the News: Yellen Admits Inflation Error
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Wall Street Journal:
The Biden administration assembled a leftist dream team of tax hikers to help raise the cost of working and investing. Now some team members are quitting the government to return to academia. While it’s too early for taxpayers to cheer, hopes are rising that the U.S. can avoid new burdens on productive enterprise. If there’s a silver lining in President Joe Biden’s inflation debacle, it’s that his economic team has lost a significant measure of credibility as it tries to push destructive policies through Congress.
No team member has suffered greater reputational damage than Treasury Secretary Janet Yellen, formerly a celebrated pillar of the credentialed economic establishment. CNN’s Kevin Liptak and Paul LeBlanc report:
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