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To do. reporter: well, i don t think anybody knows for certain when the inflation problem is going to be over. i think what the white house will settle for at the moment is a directional change in the right direction and that is happening right now. we do see inflation slowing down, it s not conclusive, it doesn t mean the problem is over, as jerome powell indicated, but having gas prices go down, having overall inflation go down, even if for a temporary period is welcome news to the administration and i think on the point that catherine raised a minute ago about jay powell trying to convince markets, if you look at the several hundred points the dow is down this morning, he has convinced them at least for the moment that he is going to take the punchbowl away, slow the economy down and markets are taking that into account. look, john, the economy and what the president is doing to improve it was a big part of his first big real political speech of the midterms last night. he took ....
But i could get started, bret. first of all, the idea that this bill that according to the wharton school at the university of pennsylvania believes will cost $4.6 trillion over 10 years, if it were to become law. the one that the house passed. the idea that that s going to make inflation go down, i don t think anybody actually believes that look, across pennsylvania, what i m hearing from people that contact my office and that i meet with, is they are really worried about this massive overspending. it s like it never ends. now, i understand why during the peak of the pandemic and economic collapse that was caused by governments shutting down our economy, you know, we had to take dramatic steps. that ended up being $3 trillion of spending above and beyond the usual spending. then president biden comes in with the economy already recovering, spends another 2 trillion, then there is the $1 trillion plus for the infrastructure bill, now they want who knows how many trillions. bret, this a ....