thank you very much. >>> i want to bring in deneen borelli. p on the california story. it's a microcosm what the nation is going through. it is a serious predictment. government spending in regard to the stimmie checks, without regard to balanced budget, it has had a negative impact. some say this goes specifically to the socialist themes of modern monetary theory but it should be a cautionary tale, right? >> you would think it would be a cautionary tale but democrats think spending more money is the answer. look, biden's build back broke is real. americans are suffering the consequences. we have record high inflation because of government stimulus. even former treasury secretary, democrat, larry summers, he was critical of biden's economic plan, critical of the stimulus. all of that was ignored. so democrats don't care about their consequences and how americans are being harmed. charles: so, some cities don't have this problem, deneen, because they never had home prices go up in the first place. in fact home price have been going down for a wh