Charles Payne: Stop painting a picture of even prosperity for everyone

Hey, folks, You know what? I want to go back to that Mary Daly speech last night because there were so many things, right? Because in addition to the headlines at the San Francisco Fed president made on rates in a labor market, she also had comments about her hometown. Mary Daley told the audience that when she travels, the most common question that she gets asked is, is San Francisco in a doomed loop? Is the world over? She acknowledges that the city has plenty of challenges, such as expensive housing, but she does that. That the powerhouse economy has far too much going for it for a doomsday scenario to happen. Well, newsflash, it's always a doomsday for many. It's already a doomsday for many people in her city and her state. I mean, yes, sure, of course we know there's mind boggling wealth in San Francisco, but it only underscores the inequality effect. Using the genie index, California ranks only behind New York, Connecticut and Massachusetts when it comes to the huge golf folks between the haves and the have nots. Now daily spoke to the Commonwealth Club of embarrassed them and the individual membership there is $135. Not bad, right? But here's the kicker. If you want to be in the leadership circle, well, it's going to cost you a whole lot more than that. And I know that's the way life is, right? But I do think it's time to stop painting this brilliant picture of even prosperity and gains for all. It's time to stop thinking that if rich folks are doing well, everyone's doing well. And it's really time to get voting members at the FOMC to go to fresh places, get fresh ideas. Here's here's one for you. How about next time go to a shoe repair shop in the Bronx, hear from people that may not just nod their head in agreement when you say everything is swelled because guess what? Everything ain't swell.