Where do we really stand with what President Trump inherited as you see the economic battlefield in front of us?

It feels like less a battlefield than a minefield, frankly, what President Trump has inherited.

I mean, it is difficult, Steve, to, I think, to get across to people just how bad the economy is because what the economy actually looks like

today and what people's lived experiences is just simply not matching up with what the data say.

There's just too many problems, again, with the data.

Going back to what we were just talking about, right?

There are things wrong with the data themselves.

And this, I think, is why President Trump won such a

renowned, such a great victory in November, right? Where you had him winning the popular vote,

every swing state, a huge electoral majority. It's because the media was not successful in telling

people, don't believe you your lying eyes and don't believe

your empty wallets, everything's fine. So we are staring down the barrel of more inflation,

courtesy of the Fed's interest rate cuts last year and relatively loose monetary policy.

Let's not forget the monthly, if we look at the monthly inflation reports, the annual

inflation rate that comes in every month,

that has gotten worse each month since the Fed started cutting interest rates. So clearly we have

more inflation coming down the pike that the president will have to deal with. We have all of

the messes internationally that the president is already dealing with, especially in places

like the Ukraine.

We have a banking crisis, which still really hasn't gone away. The Fed just papered over it with

things like emergency lending programs, but that is still very real. We have a commercial

real estate sector that is an absolute turmoil. The housing market is a disaster. We just got

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