Rep. Maxwell Alejandro Frost on the May jobs report: ‘The numbers don’t lie — things are great’

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>>> IT IS JOB REPORT FRIDAY, WHICH MEANS IT IS TIME FOR US TO CHECK IN ON FOXBUSINESS. >> THE NUMBER IS OUT. WE WANT TO GET THE DETAILS ON THIS NUMBER. >> THIS IS SOMETHING, MARIA. 272,000. >> SHE WAS RIGHT! >> 272,000. EVERYBODY, THE ESTIMATE WAS 185,000. AND, BY THE WAY, THAT WAS EVEN THE TOP OF THE RANGE FROM ECONOMISTS. THE RANGE WAS 122 258, AND WE CAME IN AT 272. THE UNEMPLOYMENT RATE HIT 4%. THE ESTIMATE WAS 3.9%. SO, THIS IS SOMETHING ELSE. >> ONCE AGAIN, ANOTHER INCREDIBLE JOBS REPORT, WHICH, OF COURSE, MEANS ONCE AGAIN MARIA TRY TO FIND SOMETHING WRONG. >> YOU KNOW WHAT NUMBER I DON'T LIKE, CHARLES? THIS WAGES. THE WAGES AVERAGE HOURLY EARNINGS OF 4.1%, THAT IS TO INFLATION, CHARLES. JUST A COUPLE OF DAYS BEFORE WE GET THE CPI ON WEDNESDAY. >> HERE'S THE THING. EVEN THAT NUMBER IS PRETTY GOOD. THE WAGE GAINS ARE ACTUALLY OUTPACING THE LATEST INFLATION DATA. NOT ONLY THAT, FOLKS AGE 25 TO 54 IS THE HIGHEST IT HAS BEEN IN MORE THAN TWO DECADES, AND, OF COURSE, TODAY'S JOB NUMBERS AS YOU HEARD FROM OUR FRIENDS OVER ON FOXBUSINESS EXCEEDED EVERYBODY'S EXPECTATIONS. THE ECONOMY UNDER JOE BIDEN, IN MACROECONOMIC TERMS, IS LITERALLY THE BEST ECONOMY I'VE EVER SEEN IN MY LIFETIME. WHY IS IT NOT SEEMING TO REGISTER WITH VOTERS? JOIN ME AT THE TABLE TALK ABOUT THAT, AMONG OTHER THINGS, CONGRESSWOMAN MAXWELL FROST, DEMOCRAT FROM FLORIDA WHO SERVES ON THE 2025 CAMPAIGN NATIONAL ADVISORY BOARD. WHAT IS YOUR TAKE? >> THE NUMBERS DON'T LIE. THINGS ARE GREAT. THE PRESIDENT IS REALLY LANDING THIS, ESPECIALLY POST-PANDEMIC. I THINK THE FOLKS WHO ARE NOT FEELING IT, WHICH IS VERY VALID, FOLKS ARE THINKING ABOUT THE HIGH PRICES OF THINGS. AND THAT REALLY DOESN'T HAVE TO DO WITH THE PRESIDENT AS MUCH OF THAT HAS TO DO WITH CORPORATE GREED AND THESE MONOPOLIES WE HAVE SEEN, AND THE PRESIDENT UNDERSTANDS THAT. THAT IS WHY HE WAS DOING SOME STUFF ON JUNK FEES, THAT IS WHY THE FTC IS ONE OF THE MOST AGGRESSIVE WE HAVE SEEN. THEY ARE DOING GOOD, ANTITRUST WORK. PRESIDENT TRUMP BELIEVED THAT GIVING HANDOUTS TO BILLIONAIRES WAS THE WAY TO HELP WORKING FAMILIES, AND PRESIDENT BIDEN KNOWS THAT THAT IS NOT IT. RESOURCES TO WORKING FAMILIES IS WHAT IS GOING TO HELP US. >> ONE OF THINGS THAT I THINK IS GOING TO HELP US ZOOM IN ON THE JOBS, LET'S SHOW THE TRUMP VERSUS BIDEN JOBS, WHICH IS REALLY REMARKABLE. JOBS CREATED PER YEAR SINCE 2017, TRUMP VERSUS BIDEN, 2.1 MILLION IN THE FIRST YEAR, LOSES 9.27 IN 2020, OF COURSE, THE PANDEMIC. JOE BIDEN COMES BACK, GAINS A HUGE NUMBER OF JOBS, 7.25. AND AFTER THAT, A VERY, VERY STRONG GROWTH. YOU SEE THAT HUGE, HUGE DIFFERENCE BETWEEN THE TWO. BUT EVEN IF YOU JUST SAY OKAY, FINE, TAKE OUT THE PANDEMIC, TAKE OUT 2020, TAKE OUT 2020 ONE. THAT WAS THE PANDEMIC IN THE RECOVERY. YOU STILL HAVE THE JOE BIDEN FRENZY OUTPACING DONALD TRUMP IN JOB CREATION. ON THE POINT OF COST, IT SEEMS TO ME THAT PART OF THE ISSUE IS HOUSING COST, WHICH IS OUR HUGE ISSUE FOR FALSE, IS NOT BEING DRIVEN BY THE PRESIDENT POLICY, THEY ARE DRIVEN BY THE LOCAL POLICY AND THE FED. PEOPLE FEEL THAT, MAYBE THEY THINK BIDEN IS RESPONSIBLE BUT IT IS NOT COMING FROM HIM. >> EXACTLY. THIS IS PART OF THE REASON THE PRESIDENT HAS BEEN FOCUSING A LOT ON JUNK FEES, THINKING HOW ARE WE GOING TO HELP RENTERS, HOW ARE WE GOING TO HELP PEOPLE BUY AND ACCUMULATE WEALTH? THE FEES FOR RENTERS ACT WHICH WORKS ON BANNING JUNK FEES. THE JUMPY IS SOMETHING YOUR LANDLORD HAS TO PROVIDE FOR YOU THAT THEY ARE CHARGING EXTRA FOR YOU. I JUST MOVED INTO A PLACE RECENTLY. >> YOU ARE HAVING A HARD TIME RECENTLY. YOU ARE HAVING A HARD TIME FINDING A PLACE TO RENT. >> CREDIT SCORES, WHICH MY BILL ALSO WORKS AT. >> HOW ARE YOUR CREDIT SCORES? >> NOT GOOD. DURING THE CAMPAIGN I WAS RUNNING UP CREDIT CARD DEBT, HAVING A HARD TIME PAYING IT BACK BECAUSE I COULD NOT MAKE THAT MONEY, BECAUSE I WAS ALSO RUNNING FOR CONGRESS. AND THIS IS AN ISSUE THAT SO MANY AMERICANS FACE. THE FACT OF THE MATTER IS DURING COVID, DURING THE TRUMP POLICIES, THE MARKETPLACE AND OUR POWER AS CONSUMERS IN THE MARKETPLACE WENT DOWN BY A LOT. SO PRESIDENT BIDEN IS WORKING AT AXING THAT WRONG, BUT CORPORATE GREED IS REALLY WHAT IS DRIVING US RIGHT NOW. >> ONE OF THE THINGS WE ARE SEEING IN YOUR STATE PARTICULARLY ON HIGH COST? I AM JUST CURIOUS HOW MUCH THIS IS AFFECTING FOLKS IN YOUR DISTRICT. INSURANCE, HOMEOWNERS INSURANCE PARTICULARLY IN THE STATE OF FLORIDA. THERE IS A BUNCH OF DIFFERENT REASONS FOR IT, CLIMATE BEING PART OF IT. WHAT ARE YOU HEARING FROM PEOPLE IN FLORIDA ABOUT THAT? DO YOU HEAR FOLKS TALK ABOUT IT? >> THIS IS ONE OF THE TOP ISSUES I TALK ABOUT, ACTUALLY JUST HAD A ROUNDTABLE WITH FOLKS. AND A LOT OF PEOPLE HAVE A CARICATURE OF WHO THIS IMPACT, BUT IT IMPACTS EVERYONE UNDER THE SUN. I HAD SENIORS CITIZENS ON A FIXED INCOME SAYING I THINK I'M GOING TO HAVE TO MOVE OUT OF MY HOUSE. THEY HAVE PAID OFF THEIR MORTGAGE, SO THEY DON'T HAVE VARIABLE COSTS ANYMORE. THEY HAVE PROPERTY TAXES AND THE INSURANCE, SO IF THAT KEEPS GOING UP IT IS PRICING PEOPLE OUT. IT IS ALSO WORKING FAMILIES AND ALSO YOUNG PEOPLE WHO ARE TRYING TO BUILD WEALTH, THEY CANNOT EVEN DO IT RIGHT NOW IN THE STATE OF FOUR. AND THE GOVERNOR IS NOT DOING ANYTHING ABOUT IT. IN FACT, HE HAD A SPECIAL SESSION, AND MANY PEOPLE, INCLUDING MYSELF, BELIEVE THAT THE BUILDING HAS ACTUALLY MADE IT WORSE. FOR HIM IT IS NOT ABOUT CORPORATE GREED OR WE SHOULD NOT BE REGULATING THE REINSURANCE MARKET, FOR HIM HE SAYS WE ARE IN THE PROBLEM BECAUSE OF PEOPLE WHO ABUSE THE SYSTEM. LESS THAN 1% OF PEOPLE. >> IT'S VERY INTERESTING, BASICALLY THE INSURANCE INDUSTRY DOWN THERE SAYS IT IS NOT REALLY CLIMATE, IT IS NOT STORMS, IT IS FRAUDSTERS WHO ARE ABUSING US. AND THEY CALL THAT SPECIAL SESSION, I HAVE SEEN OTHER EXPERTS SAY THAT IS NOT GOING TO GET IT DONE. >> IT'S NOT. WE NEED REGULATION, WE NEED TO LOOK AT THE ACTUAL PROBLEM. BUT WHEN YOU ELECT SOMEONE LIKE RON DESANTIS WHO DOES THE BIDDING OF CORPORATIONS AND BILLIONAIRES, OF COURSE HE IS NOT GOING TO PASS ANYTHING TO REGULATE AND ACTUALLY HELP WORKING FAMILIES. THIS IS A HUGE FAILURE OF REPUBLICAN LEADERSHIP IN THE STATE OF FLORIDA, AND THAT IS WHAT IS HAPPENING WHEN YOU ELECT SOMEONE LIKE RON DESANTIS. >> YOU REPRESENT A DISTRICT AND A STATE THAT IS VERY EXPOSED TO CLIMATE RISK, OBVIOUSLY. THE NATIONAL WEATHER SERVICE PUT OUT THIS MORNING BASICALLY SAYING THE ATLANTIC IS THE HOTTEST IT HAS EVER BEEN, WE ARE LOOKING AT POSSIBLY PROJECTING A RECORD NUMBER OF MAIN STORMS COMING OVER THE SUMMER AND INTO THE FALL HURRICANE SEASON. I AM CURIOUS HOW MUCH THAT NEWS, I KNOW I FOLLOWED THIS STUFF, IN A PLACE LIKE FLORIDA IN YOUR DISTRICT, IS THAT SETTING IN A PEOPLE? ARE PEOPLE LOOKING TOWARDS THE SUMMER? >> IT IS SETTING IN. I HAVE FOLKS WHO ARE CONSERVATIVES REACH OUT TO ME AND SAID YOU KNOW WHAT? BEFORE A FEW YEARS AGO I DIDN'T REALLY CARE MUCH ABOUT THE CLIMATE CHANGE ISSUE. BUT NOW IT IS IMPACTING MY DAY TODAY, OR IT IS IMPACTING MY BUSINESS. THE WATER SURROUNDING FLORIDA IS THE TEMPERATURE OF A HOT TUB. HOT WATER FUELS THESE STORMS AND MAKES THEM LAST LONGER AND CREATE MORE DESTRUCTION. IN FACT, TWO YEARS AGO WE HAD HURRICANE IRMA. I WAS OUT KNOCKING DOORS A FEW MONTHS AGO IN A COMMUNITY CALLED OR LAVISTA IN CENTRAL FLORIDA. A LOT OF THESE FOLKS ARE STILL LIVING IN SHEDS BEHIND THEIR HOUSE BECAUSE THE FLOODING WAS SO MUCH THAT IT COMPLETELY RUINED THEIR HOUSE. STILL, AND THE INSURANCE COMPANIES ARE DENYING A LOT OF THEIR CLAIMS. SAYING IT WASN'T THE WIND, IT WAS THE FLOODING. THIS IS THE ISSUE WE HAVE IN THE STATE AFFORDED.
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Channel: MSNBC
Views: 11,694
Rating: undefined out of 5
Keywords: Chris Hayes
Id: 72p944tLQSk
Channel Id: undefined
Length: 8min 17sec (497 seconds)
Published: Sat Jun 08 2024
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