Discussion on Economic Accountability (Part 3)

This podcast into actual play in your life and you can use her to help to tee up the right moves for you. And then at some point she'll refer you to a HOPE financial coach. Okay, but back to this. So GDP is not your bank account. It's. It's not a booming economy unless you own stock. Right. But it is not the same thing as a financially secure household either. Right. It means the nation is doing well, I guess, but not your household. It might be the opposite in your household. So that's why my argument is not simply about making more money, is about building wealth. Right? So let's make another transition here. America has seen voters punishment just punishing economic pain in their checkbooks. And we've seen this before. History has given us a warning and a lesson. So here's the history of economic accountability. In short. Inflation, recession and the political consequences. 1970s inflation and energy shocks undermined confidence in economic leadership across administrations. They kicked out President Jimmy Carter during an energy shock. He's a good man, very decent human being. But he lost economic confidence by the majority of Americans at that time. And it was also around things going on in the Middle East. By the way, the 1980s high inflation and economic frustration helped shape the election again, avoiding. You know, we didn't deal with our problems, right. We didn't address things head on and deal with a problem that had a beginning, a middle and an end. 1992 recession era anxiety. This is when I founded Operation Hope. By the way, May 5, 1992 is when I founded Operation Hope. After the Rodney King riots, the phrase it's the economy stupid came into popular use and it underscored the political force of household conditions. I remember when the President of the United States, George H.W. bush, a really nice guy, actually. I really liked him as a person. I knew him and liked his son and him. But when he sort of couldn't.