Dave Smith

The whole idea of lowering rates rate is that you lower the price of borrowing money.

So more people will borrow money.

And there are a lot of, you know, if you could just think about a business, right?

Like this is a mathematical equation.

You might have a new business venture that is profitable if you can borrow a million bucks at 3% interest, but it's not profitable if you have to borrow a million bucks at 9% interest, right?

Like this just makes a difference to the bottom line.

And so if you bring rates down, there are some people who will borrow who otherwise wouldn't have borrowed.

But are you telling me that the problem in the U.S.

economy is we don't have enough debt?

Does anyone with a straight face make that argument?

The problem is we just don't have quite enough debt.

We're almost there.

I know what you're thinking.

We have more debt than every other debtor nation in the history of the world combined, but we just need a little bit more debt because that's what this is encouraging.

Just borrow more.

Put more on the credit card.

Like you said, it's like essentially all Donald Trump is left with is gimmicks.

That's all of this.

um lowering interest rates is a gimmick switching from a 30-year to a 50-year mortgage is a gimmick oh this whole tariff regime is a gimmick none of this is really these are all like little band-aids to try to stop a little bit of bleeding from one little area when your economy has been stabbed 70 times with a machete this is not going to solve any of the problems

Yeah.