james tobin. one important thing you need to know ahead of next week, that is next.did it, you did it♪ pursue a better you with centrum. ♪ it's a small win toward taking charge of your health. ♪ so, this year, you can say... ♪you did it!♪ at harbor freight, we design and test our own tools and sell them directly to you. no middleman. just quality tools you can trust at prices you'll love. whatever you do, do it for less at harbor freight. ♪ (auctioneer) let's start the bidding at 5 million dollars. thank you, sir. (man) these people of privilege... hoarding the financial advantages for far too long. (auctioneer) 7.5 at the back. (man) look at them — unaware that robinhood gold members now enjoy the vip treatment — a 3% ira match on retirement contributions. (auctioneer) 11 million sir. (man) once they discover their privileges are no longer exclusive... their fragile reality will plunge into disarray. ♪ ok guys, instead of getting weathertech, i saved a few bucks and got some cheap, foreign made floor mats. but they really stink, so put these on. ♪ really, gary? mom,

and a lack of insurance joining me now national association of home voters and ceo and president james tobine. tell us about the rebuild what are you expecting. >> a long haul for those people would been displaced and lost their homes. it's very, located process to rebuild after a wildfire much different than building a new subdivision and certainly different than recovering from a hurricane or tornado, complete losses of structure. the pace of this, we have to contain the fire, were not even there yet but you're talking large debris fields of toxic debris has to be cleared fully away and then you have to deal with the individual insurance policies for each individual policy that can take 6 - 8 months and then hire a builder and build a home at the pace of california construction you're looking at six months at best but probably 18 months to two years before you will fully rebuild. we are talking years, not months when it comes to recovery of those homes in california. maria: how long will it take to undo some of the policies that have been locked in. nationwide green energy regulation have

i was at yale when james tobin was there. he was janet yellen's phd advisor. i thought we had put all this on the scrapheap of history, but it's back. if it's not working any better this time, i would argue probably worse, i would think we were confronted with that choice -- maybe we will get into my view of what you want to call it, bidenomics, bidenflation, bidenitis, like a cute disease, when i'm in a particularly bad mood i call it bidenism. i think on the others, we see from trump 1.0, it is not a strict adherence to reagan's principles, but it's a pretty good 21st century adaptation, and it really worked for everybody. i will bring it back to number three, but igniting the private sector and the kind of balance across all income distributions and per capita labor and growth that we had, i thought was phenomenal. that's number one. number two, i think, as an economic historian and someone who has been in markets for 40 years, i actually think i'm starting to look like it now, but i think we are also at a unique moment geopolitically, and i could see in th