Ed Elson

It's a really good point.

That's a really good point.

I mean, just to run with this analogy between the State of the Union Address and an earnings report,

I think that's exactly right.

There's a level of spin here and cherry-picking, which was actually quite deft.

And I think you actually have to give credit to whoever wrote that speech for navigating all of these issues pretty well.

But...

To your point, he's asking America to believe that everything is going really great for Americans and that gas prices are coming down and that food prices and grocery bills are coming down.

He's asking everyone to believe that when that is simply not true.

And consumer sentiment...

among Americans right now is absolutely tanking.

Most Americans, two-thirds of Americans, agree that he has completely bungled these tariffs.

I think most Americans are realizing what tariffs are doing to consumer prices, what they are doing to their grocery bills.

That is, they're making their grocery bills go up because, as we've discussed, the tariffs are being passed through onto the consumer, and so it's consumers

that are paying the cost of the tariffs.

We're also seeing that a lot of Americans are saying, we just don't agree with and we don't approve of how he is handling the economy.

And yet he's asking in this State of the Union for us to just say,

things are going well.

Look at this number over here.

Look at this number over here.