David Pakman (6:59)
You know, this is the end of the interview. There's five seconds left. The. So much of this makes sense to me, and what I mean by that is Riley was a swing voter, and it doesn't sound like her vote for Trump was a super strong vote in the sense that she was kind of back and forth, forth that I don't understand, given that the candidates were so different. But I'm not getting the impression that this is a sort of MAGA nut job. She made a decision based, I guess, on the issue that was most important to her, which she says are these issues of, of fertility and reproductive rights. What I don't understand is, if that's your issue, how on earth was it a question whether you would vote for Harris or Trump? Now, I know that Trump nominally said, I'm going to be the best on fertilization, which had this ick factor that can barely be put into words. Trump said that. But any relatively informed individual would know that on that issue, Trump's not the guy for you. The Republican Party of 2024, now 2025, these are not the people for you. And, and I've talked before about how prior to my, my daughter's birth, we had had some unexplained infertility that fortunately in our situation, never led to any of the IVF or IUI or any of these things. But had it, there would be no question in my mind who is going to protect our ability to just decide what's best medically without the involvement of someone like Trump or someone equally creepy. There would be no doubt in my mind that if I was concerned about maintaining access to those sorts of things, Trump's the wrong guy. So for me, the most stunning part of this is the informational gap where she knows what's most important to her. She's not a MAGA nut. She has now reacted to what she acknowledges was the wrong decision as far as voting. But how? How? As someone who Riley seems to have been paying attention, how do you go into the voting booth saying, given that this is my most important issue, I'm not totally clear on who I should be voting for? That's something that I don't have the answer to here. But if Democrats don't figure it out, they may never win again. And so we need to figure out what that answer is. Totally empathetic with Riley's situation and she's welcome anytime on this show and I would love to ask her these questions. They are going postmodern on us renaming inflation, temporary price movements, higher prices, but not inflation adjustments to the market. We are now going to see those who attack the left's post modernism where everything can be called whatever you want to call it and nothing has any fixed meaning. They are now going to participate in the very postmodernism that they claim to attack. I'll give you the first example. We're going to have some others later. Howard Lutnick went on Fox News yesterday and said, no, no, no, we aren't starting to see inflation. Inflation. We will see a period of higher prices, which you and I understand is inflation. Take a listen to this and there is a lot to discuss here. Well, as the president said last night, there's going to be a short period of time where there'll be some higher prices on certain products. It's not inflation. That's nonsense. It's certain products. A short period of time. Products, some of them will cost more for a period of time. Well, that's what we call inflation. Now let me add an additional wrinkle to this. During the end of the Trump presidency, early in the Biden era, as inflation started coming down, still positive, right? Positive inflation, but lower rate. The MAGA people said we will never consider this issue dealt with until the raw and absolute price level goes back down. And as I've explained to you, that very rarely happens in growing Western liberal democratic economies in order to see true price reduction. We are talking about deflation. And deflation is relatively rare when the economy is humming along, you tend to see price deflation if and only if the economy is in a decline, in a recession, in a depression. And their standard was that until you see absolute prices go back down below for a while it was co. Pre. Covid level pricing, which we're not going to see in this country unless we have a recession, the lower likes of which, I mean, it would have to be worse than 2008 for sure. But now all of A sudden Howard is saying, well, prices will go up on some stuff for a while, but that's certainly not inflation, I assure you. Unless these people set off a recession or depression the likes of which we've not seen in decades, we are not going to see absolute price levels go down. But now they have a new definition. It's no longer called inflation. Now, I want to tell you one other way in which they are sort of dancing around the fact that the price level is starting to go up. We're starting to prepare potentially tomorrow for a negative jobs report. I'll talk about that later. The other thing they've come up with is inflation is when prices go up due to the value of money itself. And just because eggs are expensive, that doesn't mean it's inflation. Now you might, your head might be spinning right now and you're saying, David, what the hell are you talking about? Let me explain it in a different way. Some of these people, in order to claim we are not about to see inflation go up, they are saying if the, if the actual price of stuff goes up because of, for example, the cost of inputs, right? If eggs go up in price because chickens are dying because of bird flu, that's not inflation, that's a price change. Inflation would be if things go up in price because of the devalued dollar from printing money or what. And we're not doing that, as you of course understand. That's ridiculous and laughable. Inflation is in inflation. When you look at the consumer price index, there are any number of reasons that the consumer price index might go up. It doesn't distinguish between, oh, the cost of inputs, what got more expensive versus we change in the value of the dollar. That's completely new. And so I want you to think back to when these people spent years telling us, guys, you can't redefine whatever you want. You can't redefine, woman, you can't redefine inflation. You can't redefine peace. You postmodern people that say anything can have any definition. You're wrong about that. And now all of a sudden the very same people are coming in and they're going, no, no, no, no. When stuff gets more expensive, it's not inflation. It's only inflation when it's based on currency devaluation. No, no, no, no, no. We call these price movements. No, this has nothing to. These aren't job losses. These are strategic realignments. Thanks to Doge, we are going to see the anti post modernists who say everything has a fixed and unchanging, singular definition. Come in and say, everything has a new meaning. At this point in time, we can't let them do it. We have to be prepared and understand that this is what they plan to do. Remember that you can get signed copies of my first and for now, only nonfiction book, the Echo Machine. Signed copies available exclusively from Brookline booksmith at David pakman.com/booksmith Quick break back after this, I want to introduce you to an amazing tool that has helped a huge number of people reach their health goals. It is called Lumen, and it's the world's first handheld metabolic coach. It's a device that measures your metabolism through your breath, and on the app it'll tell you are you burning fat or carbs? And give you tailored guidance to improve nutrition, workouts, even stress management. Your metabolism is like the engine of your body, how you turn food into fuel. Fuel and because your metabolism is at the center of everything your body does, optimal metabolic health can translate to many benefits, including easier weight management and improved energy levels and fitness results. It's a long list. Lumen gives you recommendations to improve metabolic health based on the context of your breath measurement, whether that's first thing in the morning, before and after meals or workouts. And you can get 20% off your lumen by going to lumen.me/pacman. That's L U M E N.me/pacman for 20% off. The link is in the podcast Notes Big companies with poor security get hacked every day and your personal information is being sold on the dark web so criminals can target you. Not something I have to worry about as much since I have Aura, our sponsor, Aura vigilantly scans the dark web to see if any of your personal information has been leaked, like login credentials or addresses Social Security number. Aura also will alert you in real time if any criminals use that information fraudulently, for example to try to open a credit card and to keep you from getting hacked in the first place. Aura offers additional safety features like advanced anti malware and and password management for every device you have. And your subscription comes with $5 million in identity theft insurance just in case. Aura even provides parental controls to let kids explore the Internet safely, with tools to filter harmful sites, manage apps, and limit screen time. Go to aura.com/pacman to try it for two weeks, totally free. With the free trial, it takes only seconds to see if if your personal data has already been compromised. Protect yourself and your family. Now that's a you are a.com/pacman to try Aura Free for two weeks. The link is in the podcast notes. The David Pakman show is of course an audience supported program. Get the full David Pakman show experience, no commercials and you get the show hours before we make it publicly available by signing up@join pacman.com we're talking just a few bucks a month that directly goes to support our show. But we do offer a discount, not means tested, available to anybody with the coupon code. It will end soon. That's all one word, all lowercase, no spaces. It will end soon which you can use to discount any membership@join pacman.com the United States has had 49 consecutive months of job creation and yesterday the rumors were that when the February numbers came in, we might see job losses for the first time in four years. And Larry Kudlow, Fox News host, former Trump economic adviser, on hearing about this, started to brace and say we may be going through a period of bad news here. Let's take a look at the video, then we'll talk about the jobs numbers and what we are to expect going forward.