Breaking Points with Krystal and Saagar Stories of Week 6/19: Recession Coming, Uvalde Coverup, Ukraine War Sanctions, Fed Policy, & More!
Jun 24, 2022
This week highlights the looming recession and its impact on the everyday worker. A serious dive into the Uvalde police response reveals troubling cover-up allegations. The hosts critique Western sanctions on Russia, questioning their effectiveness amidst rising gas prices. They also reflect on the challenge of conveying complex economic narratives on live television. Lastly, an upcoming live event in Atlanta promises to reconnect with audiences post-pandemic, emphasizing the need for both economic transformation and accountability in law enforcement!
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Recession and Inflation Predictions
- Treasury Secretary Yellen states that a recession isn't inevitable, but her language suggests a high likelihood.
- She acknowledges that inflation will likely remain high through the year, necessitating continued Fed action and potentially escalating measures.
Biden's Inflation Claim
- Biden claims the US is well-positioned to overcome inflation, citing a strong job market and low unemployment.
- However, his reliance on post-World War II comparisons overlooks the economic chaos and high inflation of that era, which nearly cost Truman his presidency.
Uvalde Police Cover-Up
- The Uvalde police hired a private law firm to fight the release of body cam footage and other records related to the shooting.
- They claim the files could be embarrassing and cause emotional distress, prompting a cover-up at all levels.