Charles Payne: Economists are laughing at America for not knowing how great they have it

It's not a new news story. In fact, I think it was around like in, in, in nineteen, 2019. But there was an article in the New York Post about vegans and fake meat being linked to heart disease, early death. And, and so, you know, kind of it's sort of a, a cautionary tale. The article included was these ingredients and, and the fake meat versus ingredients in your typical dog food. Just take a real close look. Obviously very, very similar stuff. So you have to ask yourself, whatever happened to Beyond Me? Remember Beyond Me, it was a $30 stock. It went to 200. It was going to revolutionize everything. Well, it's about 6 bucks a share. But there's a moral to the story as well. I want to bring a Fox Business reporter, Kelly O'brady, along with Big Money Show Co host Taylor Riggs. Now, ladies, I think the moral of the stories don't mess with Mother Nature. That's just me. I don't use any of that stuff. I don't know. I don't know where the milk out of a coconut, I mean of soy and all this, the almonds. Where the hell did the almond get milk? Listen, I'm straight old school stuff, but this is crazy. So you you both have seen this. Did you cheat? Do you know which one? Do you know that? Which one is no freedom out to us? Oh my God. First of all, I can't even pronounce 90% of these words. Yeah, well, that, that's the first red flag. All I know is that they sound scary. They sound like things that you use like if you want to get rid of pests and like, you know, but I will say that the dog food was the one that, and, and a young lady in our, our, our meeting, she picked up on it. It had sweet potato in it. So I guess for flavor, the key for the one in the the one or the impossible meat had beet juice extract for color. So it made it look like beef. I mean, what do you make of this stuff? Are we moving too fast in this? I thought you were dogging me because I'm a vegetarian. And so, but you know, I think it's interesting when you have to now say you're closer more to like plants than you are to fake. And I think you can be a vegetarian and eat closer to the source, eat closer to the earth, rather than eating the fake stuff. I don't know. I think that all of these ingredients are pretty bad. I think you can see it in the stock as well. I think they've had a, a really hard time getting this through to the customer. I think the customer is starting to push back on a the high prices, but BI think they're starting to really rethink is this healthy or not? Maybe I should just eat the real thing if I'm getting all those ingredients. Well, I mean, you look at something where it has this long list of ingredients and like you say something that you can't pronounce and you go back to where we are from how we used to, to hunt for our food, forage for our berries and whatnot. And our bodies just like aren't made to work that way. And I will say for my dog, OK, I will not have food that has that type of stuff. I agree. Even even most pet pet owners that I know are like, Hey, you know, I would never, I wouldn't feed that to a dog. All right, so I want to ask you there's a a Pew Research poll out says the percentage who say policies in their country would blink if more elected officials were and and so they have get worse or improved. Now improve 50% they say women if women if more women were elected officials, only 8% say things will get worse. You buying that? I do because we've talked a lot about the history of investing and the way corporations perform when you have women on the board and they've actually proven to make better sort of long term decisions, maybe more stable present company excluded of course. But when you sort of bring in these diverse thoughts and and and more of a diverse thinking, I think that's really what gets me. Women think of a little bit maybe more longer term are able to juggle multiple things at once, right. Yeah. I would also argue it's not just about, you know, the demographic and whatnot. I mean, I was really surprised, Charles, on there that I think it was 34 percent. 34% said worse were religion. Religion. And you know, you have to think about it though. I don't want someone in power that thinks and looks exactly the same way I do because that's not the makeup of our society. You need to have more people. I would argue I want more people with diverse experiences, though. I don't want somebody who's been in government. To your point though, from poor backgrounds, 46% say have improved, 15%. So I think that includes a lot of people and I think we do. There's too many elites, the cronyism that goes on in government, the, the, you know, it's just crazy. But I do, I'm, I'm really kind of sad, to be honest with you. Where religion is. I, you know, I think a lot of us aren't paying attention there. I want to talk about something today. We have the Michigan sentiment number out and it's, it's really interesting because for me, I want to, I want to get your opinion on it. I want to talk to the audience about this for a second. If we can guys, the, the Michigan sentiment number is it was, it was a big shocker, right? Not on the inflation side, but on the other side. It came in for the third month in a row, it declined. And and then this is his thing. People said it was because inflation is having a deleterious impact is really harming the folks really a lot. There you have it three months in a row it's come down. And what was really intriguing about it that the the nuance of it was really amazing that voters in the future expectations Republicans actually went up. Now, I don't know if they think Trump will be in office, but I want to bring you Kelly and Taylor back in on this because what's really pissing me off the last this whole year is financial reporting that keeps laughing at people. And I'll start you on this, Kelly, that they literally laugh at people. They dissed them for not knowing how great they have it. Oh, there was a survey and people thought that the growth was down and they're sitting up there like papa's ass is right, just dissing the American public. People know they don't have it great. Well, that's why their ratings are dropping too, because people don't feel that way. And you know, you look at how much inflation has gone up and you look at real wages, right? So what you're, you're taking home, adjusted for inflation, it's down 2.2% since President Biden took office. And people feel that they can't buy as much as they used to. The current conditions, a part of that consumer sentiment survey that you showed drop down to near the lows that we haven't seen since March of 2022. That is when inflation was at 9%. People still feel that. So even though you can say that inflation is slowing, that's the difference between disinflation, the rate of price increases is just slowing versus deflation, which is flat out and it piles on. It doesn't go, it piles on even sometimes, I hate to say on our network, we'll show that, that one inflation chart that shows it up 9% then at 3.3% and it suggests that inflation is coming down. No, we need to show the one where it piles on and piles on and piles on. Like people are feeling that 20% since in four years, by the way, the current conditions, every, every political group is down, including Democrats a lot, a whole, whole lot. I think this may speak a lot to what we're seeing in that some of these political polls as well. You know, I mean, people know though. But it's time to stop laughing at people and telling them they're too dumb to know just how good or bad they have it because most people don't have it. So well, hey, have you owned a lot of stocks? Have you got money in the bank? You're doing pretty good. Otherwise, it's been a struggle.