Purchasing power has gone up. So real wages – that’s W divided by P for our technical people of the audience – have gone up by about $1,200 this year. So the way to think about it is that we’ve dug a $3,000 hole because of Biden policies, and we’ve gained $1,200 on the way out already, which should give you a great deal of hope for the future that the wage increases that we’re seeing will continue.

And even if inflation stays positive, make it so that people feel way better when they go to the grocery store and to buy a car… It’s just astonishing to me that the cost problem is somehow being blamed on us.

Now, think about it, especially with the Obamacare thing. So Obamacare is 100% Democratic policy. It’s always been 100% Democratic policy. What they did is they expanded the subsidies during COVID, and then all those subsidies basically went right into the pockets of insurance companies. And Obamacare insurance policies have doubled in price relative to normal policies. And so the fastest inflation in the economy is these big government subsidies thrown at Obamacare insurance.

Think about it, it’s like if you give lots of student loans, then the tuition goes up. It’s that effect. Now they’re blaming President Trump for Obamacare as well. They should have fixed Obamacare in the first place. President Trump had a plan in the big, beautiful bill to give people some subsidies, but the Democrats didn’t like it because the subsidies weren’t going to campaign contributors, the insurance companies.