Hey there. It's JVL. On the secret show with Sarah Longwell today, we talked about the weird disconnect between the vibes about the economy and the actual real state of the economy.

Here's the economy. Here's the show. So did you like it?

So did you like it?

So I saw the headline, it's the economy stupid, I want to say to stupid people.

I want to tell the stupid people that it's the economy stupid.

Okay, and I said, how angry do I want to get a

Jamiel today and I decided not that angry it was not that kind of day and so I

skipped it but I would love for you to tell me about it now but I did but I still clocked it it still like went into I I don't even need to read it I know what you said but so we did a focus group last night where I asked a lot of two time

Trump voters about how they were feeling about the state of things to try to get at this

like disconnect. So you tell me about your triad and then I'm going to tell you about the folks group.

Okay, so we got our inflation numbers this week and inflation continues to decline.

It's been declining since May of 2022. We are now at for the second

month in a row the lowest rate in a year, no I'm sorry the lowest rate in two years.

We are getting very close to the inflation rate of 2020 and 2019, back when the economy was so great.

The Dow Industrial average is right around 35,000. People love

seeing their 401k is doing well. This is 7,000 points higher than it was on election day in 2020 and in fact

higher than it was through much of Donald Trump's presidency. The unemployment rate, still incredibly low.

Unemployment is great. In fact, unemployment is lower than it was through much of Donald Trump's presidency.

Essentially, things are great. Let me let me read to you a little little bit from from Eric Levitz at New York magazine.

Thanks to the abundance of unemployment opportunities,

lower income workers have recovered roughly 25% of the increase in wage inequality that accrued during Ronald Reagan's election

from I'm sorry accrued between Reagan's election Joe Biden's a gallon of gas costs roughly

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