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00:00Greg, let me ask you to respond to what David Kaye has been saying.
00:04Not a great picture painted by David Kaye of his assessment of the first 100 days.
00:10What do you make of it?
00:11Yeah, I'm not surprised to see some pushback from the left or from media as well as from the university crowd.
00:18I mean, those are institutions that have been really crowded with progressive left philosophy.
00:26And so, you know, the rest of the country is looking at or much of the country is looking at the great success at the border.
00:32The deportations are pulling around 70.
00:37The economy, of course, will take some time.
00:39I don't really give President Trump credit for the lower inflation numbers because he's only been in office for three months.
00:45Typically, economic policy takes 10 or 12 months to really flow through to the economic outcomes.
00:52But it's looking at his first term, whereas economic outcomes were phenomenal.
00:55I'm quite confident that the combination of fixing what's wrong with free and unfair trade, making it free, making it fair, combined with tax reform and deregulation, which works so well in his first term, you'll see some fantastic economic outcomes.
01:13I think that the trend right now is to worry about tariffs as inflationary.
01:18Well, a few things.
01:19One is, if they were so inflationary, why do the other countries that we trade with use tariffs?
01:24I don't see a rampant inflation problem in Germany or in China.
01:28In fact, China is suffering from deflation.