we are back with carl weinberg and we are also back with jonathan golub.t the chart, and this is something i hear over and over again is that even if donald trump wins, there will be checks and balances. and it will be easy as it goes but i disagree. foreign policy won't be the same. investment will be the same. you can't tell me that such different presidents will have the same impact. carl: i agree. we will have a different profile. there will be a higher gdp to debt ratio. what it all depends on congress because -- well, congress has been disciplined in recent years. they could maybe recapture some money abroadn tax and bring it back into the revenues to finance expansion. that is how we could get a more inflationary policy. francine: i also made another chart and this surprised me. again, 1975. the percentage of the people under the poverty rate. different administrations back to 1975. how do you explain to me the popularity of donald trump given that actually the poverty rate has gone down? carl: you are giving me a big job to explain the popularity o