Bill Kristol

I mean, the Fed has these complicated reasons why they don't calculate certain things.

They prefer to look at more stable things and all this.

But you can make a case that in a way the public is a little ahead of the economists now in

seeing that inflation is going back up and it's not going to, certainly it's not going to come down soon.

It doesn't seem like with everything that's happening in the straight and with $2 trillion deficits and the Fed's not going to raise rates, I don't think, to reduce inflation.

Trump's going to pressure them to cut rates some more.

So I kind of agree that that number is terrible for Trump, but it's a little hard to see why it gets better.

Yeah.

And it's there's no reason for it except Trump's foolish policies.

I mean, that is to say, if one thing, if you have a pandemic, Trump, in a way, didn't pay as much for price.

JPL is very annoyed about this, too.

And, you know, that for his mismanagement of the pandemic.

But I do think voters there thought, who know, that's such a nightmare that no one who knows how to handle it well.

And Trump's.

popping off a little more than he should but he's probably not handling it that much worse than other countries and you know so you get a little bit of a and if there's a huge you know russia's invasion of ukraine actually in europe politicians who were in power then didn't pay as much of a price for a rough six nine months of gas prices and stuff this is totally caused by trump there's no exogenous reason why this should be happening right i mean this you know

And, you know, if I could – because we mentioned the 5,000 soldiers in Germany, this is relevant to this.

And trust reposing, I'm a hawk.

I've always argued for the defense, but we took defense down too much in the 90s.

It needs to go back up, go up a little faster than it was going up.

Trump's proposing a $1.5 trillion defense budget, which is, I don't know, a 40% increase, some insane increase.