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dismiss commissions and panels and so on and so forth, but i have to say, the two leaders of this, lael brainard and jake sullivan, are probably as high as it comes in the administration >> absolutely. you could say this is an effort to distract or simply provide better headlines out there on topics they want to have headlines on at the white house. the irony here is the attacks from republicans against bidenomics are the government itself is causing the problem, it's government regulation that's causing the problem and then the democratic approach here to solve that is to use government to solve the problem, so what we're seeing is all of these different federal agencies in their own ways being tasked with tracking supply chains in their areas, whether it's defense or agriculture or commerce, generally, and being able to then do things to break up some of these bottlenecks the democrat approach is to use government to attack some of the bottlenecks. the republican approach is to get government out of the way. that's classic democratic versus republican thinking of the economy. we'll see that on

tom: my theme for next year is our cumulative 2024 stealing the concept from lael brainard. 24 months were 36 months out of these tech leaders. you are conservative, income equities dividend growth. >> many of them do have dividends and some have competitive dividends. also they have the ability to raise or start dividends which some started to do. stocks go up in price to increase the value so we do like tech and some of those companies even that pay a small dividend. lisa: how much is that bullish view predicated on rate cuts next year? margie: i think the fed is kind of irrelevant in what's going on in the economy. the economy moves slowly and inflation has come down. the fed had very little to do with it so i think we will be trading treasuries 4.5 to 5% and the economy will do what it does. lisa: given the fact you think it's the economy, how important are things like nvidia earnings to give you a sense of how much more promise there is baked into some of the names? margie: it's a hugely symbolic name. there's some emotion and passion particularly around earnings tonight. it's ha

tom: economist of the year lael brainard silent to the white house.edit to the idea of cumulative. it's not year-over-year. it's not month over month it's a cumulative study. the latest number i saw from the beginning of the pandemic up 17 or 18%. jonathan: that's the number that matters. no two ways about it. do you think we need to talk how we talk about inflation in this country on programs like this when you sit here saying month over month it is this, inflation is slowing. . what on earth are you talking about. >> we have always talked to both audiences. our answer is we have to have a responsibility to do both. as you say claims coming out extremely important. the adjustment second-quarter gdp. 5%, an uptick is the model right now. then we have to look at the real world as well. jonathan: a lot of economists have been saying yes but i don't think people should be telling people how they should feel. when people stare down again saying we should feel better about this economy this is how you should feel about things and then you go through number