Part 2/10:
One recurring theme in their discussions is the significant impact of the new presidential administration, particularly with President Trump’s policies. Larry emphasizes that the critical issue facing the U.S. economy is the burgeoning budget deficit that has ballooned, especially since the onset of the COVID-19 pandemic. Trump’s administration initially took decisive action to mitigate economic fallout; however, the introduction of what Larry and Kathy refer to as the “inflation reduction act” ultimately added to this existing pressure.