Speaking to reporters outside the White House, Peter Navarro was asked about President Trump's attacks on former President Biden after the stock market slumped.
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00:00Okay, two questions, and then I really, I really got to get, get in.
00:04Yes, ma'am.
00:13There's, there's two things, there's two things going on here. It's, it's, it's, we inherited a tremendously bad set of economic policies from Joe Biden.
00:26The, the fruit of that poison Biden tree is a series of bills, spending bills, which have drawn, drawn our debt far over a fiscal cliff.
00:42And we're trying to bring that back with the tax bill and the, and the, and the reorientation of spending that may occur.
00:51So we're stuck with that. But if you look at the Biden inflation problem, it certainly hasn't been fully cured, but we make it very strong headway.
01:00For example, the, the bond market, the key metric there is the yield, say on the 10 year, that's been coming down.
01:07We've cut gasoline prices down significantly. You got a price of a barrel of oil down around in the low sixties.
01:15Biden averaged around 75, you know, the difference between 75 and 60 for the American household is like $1,000 a year in spending power.
01:26Um, and so, um, he didn't leave us with a very good hand right now. We see things improving. Uh, we see our policies being put into action and we see very good.
01:40That's it.
01:40Yeah, going home is at all.
01:41So, um,
01:43That's some sort ofuting our laundry için de ber maximize agua can bend.
01:44You suppose this range of therows are.
01:44So pretty much in the middle of the building you get.
01:45Making стороны of the data that might be about $3,000 and price.
01:48Which, of course, there's many different places that're going to have your life questions.
01:50Do you want any time to give an app right away?
01:51You're going to ask that?
01:53I want to give an app right now?
01:54Yeah, I want to give an update.
01:56Our flight, what people say will be worth $1,000 a $2,000 a year or $000 or $ haben.
01:59Well?
01:59A $12 we good, $1,000 a call.
02:01I would call it $ applications $�s a half.
02:03you trust $1 more tax.