Garrison Davis

But parts of it are still being built.

I'm sure those Doge guys are on it.

I'm sure they'll get this thing up and running in no time.

I'm sure they'll vibe code their way to a perfectly functioning portal.

It's going to be so good.

And again, I kind of emphasize how much catastrophe this is.

The government has said in court that their portal is set up for two-thirds of the money, right?

There's still another third that they're like, yeah, I don't know.

We're working on it.

Who knows when it's going to happen?

So there's just, again, like a third of the $166 billion that they don't even plan to refund.

Amazing.

Now, this is not even the messiest part of this, right?

There's a very good piece in the conversation from Peter R. Crabb, who's a professor of finance and economics at Northwestern Nazarene University, and also Alison Graham Larson, who's an assistant professor of criminal justice at the same university.

And they point out that it's not actually as simple as, okay, you have a item on your balance sheet that is the tariff payments, right?

for these companies because, for example, you know, okay, so if you were doing like FedEx, for example, they use, right?

FedEx has like a number, right?

Because they just, they pass the cost directly onto the consumers.

However, Costco didn't do that.

Costco shifted the cost around internally.