Tim Miller

you know, they used to go out to dinner once a week and I was like, it's getting tight, you know, or I have to go and I'm going to dinner.

I'm like, I'm not going to get the wine tonight because I know it costs too much.

Right.

And it's not that long ago.

I mean, people, you know, now it's five years ago, but people remember like a sense that they could do this or that without worrying, you know, about the family budget.

And like that did change.

Like it was, you know, we're about to get to a JVL compliment here in a second, but JVL underestimated when he was talking about,

you know, the reaction to the Biden economy in 2024.

So how well, you know, employment was still up, you know, like there are all these other indicators.

It wasn't as bad as a great recession.

But the poll numbers were like, yeah, it wasn't as bad as a great recession in macro.

But in every individual's life, like something there was something had changed that was annoying that made them have to tighten their belt in a various way.

And everybody can see that.

And people don't like that.

Well, I feel like they're getting punished.

Like I have the same job or the same... I have the same kind of aspirations for what I wanted to do and I can't do it anymore because the cost went up and then Trump ran against that economy and now he's exacerbated that, right?

And it's not as if...

It's even stayed the same.

It's gotten a little worse.

Now it hasn't hit hyperinflation.