1 00:00:00,520 --> 00:00:03,000 Speaker 1: The New York Federal Reserve is estimating that the fourth 2 00:00:03,040 --> 00:00:05,560 Speaker 1: quarter GDP is going to grow at nearly a four 3 00:00:05,680 --> 00:00:12,119 Speaker 1: percent rate. This is the Fed in New York investor 4 00:00:12,160 --> 00:00:15,040 Speaker 1: optimism the highest and almost twenty years. So, I mean, 5 00:00:15,080 --> 00:00:18,280 Speaker 1: the numbers just keep going. Oh. I wanted to report 6 00:00:18,320 --> 00:00:22,279 Speaker 1: this because this is a really important point. CNBC does 7 00:00:22,320 --> 00:00:25,639 Speaker 1: this All American they call it All American Economic Survey, 8 00:00:26,640 --> 00:00:29,280 Speaker 1: and what they found that was over half of the 9 00:00:29,320 --> 00:00:32,160 Speaker 1: people who responded to the survey think that the economy 10 00:00:32,240 --> 00:00:36,519 Speaker 1: is good or excellent and think that the economy is 11 00:00:36,560 --> 00:00:40,879 Speaker 1: going to improve in I think that's a relatively low number. 12 00:00:40,920 --> 00:00:43,120 Speaker 1: Maybe people have been so crushed by the last eight 13 00:00:43,159 --> 00:00:44,880 Speaker 1: years they don't want to believe it's going to get 14 00:00:44,880 --> 00:00:47,880 Speaker 1: better than it is, or maybe they don't like Trump, 15 00:00:47,960 --> 00:00:51,400 Speaker 1: or whatever the situation might be. But once this tax 16 00:00:51,520 --> 00:00:56,560 Speaker 1: cut passed today kicks in, you're gonna see real economic growth. 17 00:00:56,880 --> 00:01:00,639 Speaker 1: And this psychological component that I mentioned is so important. 18 00:01:00,640 --> 00:01:04,280 Speaker 1: That's what the CNBC Economic poll found. Over half of 19 00:01:04,319 --> 00:01:07,600 Speaker 1: all respondents think the economy is good or excellent. That's 20 00:01:07,760 --> 00:01:11,160 Speaker 1: in large part because they now have confidence, they now 21 00:01:11,200 --> 00:01:14,200 Speaker 1: have optimism, They now believe that there is a president 22 00:01:14,240 --> 00:01:18,600 Speaker 1: there who is championing them, and who is there to 23 00:01:18,680 --> 00:01:22,200 Speaker 1: deliver a strong economy, which is what he ran on. 24 00:01:22,400 --> 00:01:24,839 Speaker 1: The guy's delivering it, And of course the press doesn't 25 00:01:24,880 --> 00:01:25,840 Speaker 1: want to report any of this