Anna Helhoski

And the mass layoffs at the Food and Drug Administration's Food Division also prompted the food safety chief, Jim Jones, to resign in protest.

And the mass layoffs at the Food and Drug Administration's Food Division also prompted the food safety chief, Jim Jones, to resign in protest.

So that leads to recalls. And when a recall happens, then you've got bare shelves.

So that leads to recalls. And when a recall happens, then you've got bare shelves.

So that leads to recalls. And when a recall happens, then you've got bare shelves.

There has, Sean. And that's why an article that I read last week in Politico grabbed my attention. The author argues that people's negative feelings about the economy were actually spot on. and that the government's stats on unemployment, wages, and growth were wrong.

There has, Sean. And that's why an article that I read last week in Politico grabbed my attention. The author argues that people's negative feelings about the economy were actually spot on. and that the government's stats on unemployment, wages, and growth were wrong.

There has, Sean. And that's why an article that I read last week in Politico grabbed my attention. The author argues that people's negative feelings about the economy were actually spot on. and that the government's stats on unemployment, wages, and growth were wrong.

So for today's episode, I spoke with that very author, Eugene Ludwig, chair of the Ludwig Institute for Shared Economic Prosperity, who also served as the U.S. Comptroller of the Currency during the Clinton administration. Eugene Ludwig, welcome to Smart Money.

So for today's episode, I spoke with that very author, Eugene Ludwig, chair of the Ludwig Institute for Shared Economic Prosperity, who also served as the U.S. Comptroller of the Currency during the Clinton administration. Eugene Ludwig, welcome to Smart Money.

So for today's episode, I spoke with that very author, Eugene Ludwig, chair of the Ludwig Institute for Shared Economic Prosperity, who also served as the U.S. Comptroller of the Currency during the Clinton administration. Eugene Ludwig, welcome to Smart Money.

In your article for Politico, you say that you're skeptical that the government's measurements of things like unemployment and wage growth are capturing the realities of the economy. So before we get into what your team of researchers found, I'm curious what led you to dig into the divide between what stats show and what the economic, for lack of a better word, vibe seemed to be.

In your article for Politico, you say that you're skeptical that the government's measurements of things like unemployment and wage growth are capturing the realities of the economy. So before we get into what your team of researchers found, I'm curious what led you to dig into the divide between what stats show and what the economic, for lack of a better word, vibe seemed to be.

In your article for Politico, you say that you're skeptical that the government's measurements of things like unemployment and wage growth are capturing the realities of the economy. So before we get into what your team of researchers found, I'm curious what led you to dig into the divide between what stats show and what the economic, for lack of a better word, vibe seemed to be.

So all that led you to assemble a team of researchers who found that for some 20 years, voter perception was, quote, more reflective of reality than the incumbent statistics. That's quite a statement to make. Can you explain what your team found was accurate and inaccurate in the data?

So all that led you to assemble a team of researchers who found that for some 20 years, voter perception was, quote, more reflective of reality than the incumbent statistics. That's quite a statement to make. Can you explain what your team found was accurate and inaccurate in the data?

So all that led you to assemble a team of researchers who found that for some 20 years, voter perception was, quote, more reflective of reality than the incumbent statistics. That's quite a statement to make. Can you explain what your team found was accurate and inaccurate in the data?

So you wrote in your piece that, quote, those living in more modest circumstances have endured at least 20 years of setbacks. And the last four years did not turn things around enough for the lower 60 percent of American income earners, end quote.

So you wrote in your piece that, quote, those living in more modest circumstances have endured at least 20 years of setbacks. And the last four years did not turn things around enough for the lower 60 percent of American income earners, end quote.

So you wrote in your piece that, quote, those living in more modest circumstances have endured at least 20 years of setbacks. And the last four years did not turn things around enough for the lower 60 percent of American income earners, end quote.