Gutfeld: Inflation is killing the American Dream

Greg Gutfled, host of Gutfeld!, recently discussed the state of the economy and the problems impacting cities and lives across the U.S. The comedian focused on the inflation crisis which has seen everyday items such as eggs become a luxury which many can’t afford, seemingly overnight.

Inflation is killing the American Dream

Gutfeld pointed out that one survey claims, “8 million Americans earning more than $100k annually are living paycheck-to-paycheck.” The show host continued by saying that $100k a year income used to be the threshold for living the American dream. The ever-rising inflation is a truly frightening problem which needs to be dealt with swiftly.

Statistics from the U.S. Bureau of Labor Statistics show that by the end of last year, inflation for food reached an eye-watering 10.4% meanwhile energy prices saw a 7.3% overall price increase.

The most important problem in the U.S.

Gutfeld brought up a Gallup poll which found that Americans believe that the government and its poor leadership is the top problem facing the United States right now whilst inflation came in at second place.

Greg went on to point out the similarity of taxes and inflation – both reduce your spending ability. The Fox News show host explained that the difference is that, “people don’t see inflation until it’s too late.” Now with inflation out of control, the likelihood of a recession is ever-increasing.

‘Gutfeld!’ guest offers a solution

Larry Kudlow who appeared as a guest on the show claimed that the inflation situation could have been avoided and offered numerous potential solutions. Larry suggested that producing more goods would alleviate higher prices caused by limited supply. Kudlow also proposed the implementation of lower tax rates as a way to control inflation.

Greg Gutfeld clearly believes that the Biden Administration is at least partly to blame for the current state of the economy. Gutfeld claimed that while the economy spirals into a recession, Biden could not seem to care as he addresses other insignificant issues and boasts of pointless actions such as the implementation of electric vehicle tax credits.

What do you make of Gutfeld’s latest comments? Let us know your thoughts in the comments section below.