Jeff Snyder
๐ค SpeakerAppearances Over Time
Podcast Appearances
How do you address it now?
How do you address it now is we've got to get the labor market back working again, which means the economy needs to hit some kind of equilibrium coming off of that three years ago, four years ago, where it was artificially stimulated in all the worst ways.
Now it has to clear out all the bad stuff, including the stuff we're going to talk about here with fraud.
I mean...
Fraud and government waste was a huge part of stimulating the economy, which is the worst way to try to create a sustainable economic growth pattern.
You don't create growth from waste and fraud and inefficiency and unproductivity.
So we got to clean all that stuff out and let the economy start growing.
It's like the same reason why you cut back all your weeds in your garden, you know, all the bad growth.
You got to get rid of that.
That's what recession is for.
Which never happened.
They used the SPR and it didn't actually get oil prices to go down.
And so again, that's all just it's the messaging.
We need to do something to appear to be doing something.
What I'm arguing for is that from the president and political perspective is that what they should do is be honest.
They should just be honest and say, look, we're not going to get prices to go back.
That's not how economics works.
So that's that's that's we're not even going to we're not even going to try.
That's not our goal here.
No, that's what I'm saying.