Hey guys, Ready or not, 2024 is here and we here at Breaking Points are already thinking

of ways we can up our game for this critical election.

We rely on our premium subs to expand coverage, upgrade the studio, add staff, give you guys

the best independent coverage that is possible.

If you like what we're all about, it just means the absolute world to have your support.

But enough with that, let's get to the show.

I welcome back to counterpoints and we promise we are working on intro music so you just

have to stop kind of humming something to yourself when you see that logo.

We're going to talk most of this show about midterms, midterm fallout, leadership elections

in Congress that are shaken up by the midterm fallout.

But first two pieces of news breaking last night and this morning first, the new inflation

report shows the numbers cooling, 7.7% annualized.

Nobody's going to celebrate 7.7% inflation year over year but compared to 8% plus, that's

the trajectory that you want to go.

How do you think, and we're going to talk to Sirota for a weekend segment, Sirota flagged

this Morgan Stanley report that said that the way that voters responded to inflation

in this midterm suggests that there might actually be more policy room for fiscal policy

that actually wait, maybe full employment is something that people like more than they

dislike inflation.

They were basically warning their clients, look out, there could be some more fiscal

headroom here for policy makers in Washington.

So don't get your hopes up too much on a grand bargain that cuts Medicaid, Medicare, Social

...