you go oh my gosh i m 61 years old and down $7,000. we faced the exact same emotions in march of 2020 when the quarantine comes on and all the uncertainty around the pandemic and economic impact of the quarantine and the market dove. what happened by the end of 20? it completely recovered. if you jumped out based on checking your 401k every morning and jumped out at the bottom you missed out on the uptick. it is on sale. when i was a kid there was a company called k-mart with blue light specials and stuff was on sale. that s what happens when the market is down. dana: i used to love to go to k-mart with my dad and he would buy me whoppers. we ll talk again soon. dave ramsey.
louise story, thank you for putting this in context, appreciate it. joining us us ezra klein from the washington post and bloomberg policy analyst. ezra, thanks for your time tonight, appreciate you being here. in terms of what louise was talking about here, obviously the importance of the downgrade and the legitimacy of the downgrade is a subject for debate and some very angry comments already from government officials both in congress and in the executive branch, but now that the downgrade has happened, what do you think happens next? what do you think is the practical effect? i think it s hard to say but we need to remember this is coming two days after the market dove by 500 points and almost every investor ran into treasuries. so treasuries have been reaffirmed as the single safest investment in the world. given there s no other options on the table i m not expecting a