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party. the turninemism of the repg pois that speech he gave a few weeks ago. really, really, really, reallyi, made it a referendum on the republicans and extremism and semite fascism. and i think that is starting tof pay off. ss now seeing progress, perhaps rewardee for some of the legislation that s been passed and some of the thingsn d he s been doing just latelyiden who look at what the administration has accomplished, whether it s a bipartisan infrastructure deal , whether it se the inflation reduction act, whether it s the christian in all of these things are about the economy. there sd scienc beating so fr their little heads are going toh fly right off. the ec the economy is in dire straits. here straits the truth. diode we ve got the dow dropping below thirty thousand below its june lows. the dow and s&p are now both below their june lows. nasdaq certainly alreadyy there. there, down 22% and about 30%. of the nasdaq year to date. there s a fear here that ....
Ignore? sure. sure. and thank goodness you ve been way out in front helping people understand the correct understand the correct economics. what we sa economics. and what we saw was that inflation was spinning out of control. exceloinning outn eating and tht was going to run way ahead ofern any wage increases and people were going to be worse off. and so if you look the numbers r right now, which i suspected were going to happen, but but now we know the typical american family, the average american family ha fams to speno four hundred and sixty dollars more this month in orderh in toy the same stuff they bought last year at this time. and ifr wagep your wage didn tp by more than five thousand dollars this year, then you rear worse off. got and so gdp s got to decline. if people can t buy the samebous amount of stuff they bought last year. what and that s what we re seeing i . the data. been a we ve got two negative quarters. that s always been a recession of the past. the thir rec ....