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Candidates who they see as easier to beat come the general election. as we laid out. that's a dangerous game by ultimately promoting individuals who could, in a general election, be in charge of not only having votes in the u.s. senate butresults. >> that's also, as you point out in illinois, been the case with the governor. it's dangerous, because you never know what is going to happen when the voters vote. there's enough anger and frustration in this country and inflation and other headwinds, there are so many cross currents, you don't know who will end up being elected. it could be the case...

We still have the war in ukraine, that is impacting fuel prices and food prices. and then we have a red hot labor market. people are going back to work, they have money to spend, but companies are also having to pay workers more. so that adds to costs. on concerns by senator warren obviously have some sticking point. but this is an inflation equation that just has so much different variables. interest rates are one part of it. >> as my co-anchor and chief business correspondent christine would say, there are a lot of cross currents happening at one time. i also want to ask you about this, jpmo...

Past bad policies, wage and price setting, those aspects of what led to the crisis in the '70s won't happen now. can we be so sure? >> we can't be so sure of anything. there is no playbook. we thought this was transitory inflation, and it isn't. we have never had this many cross currents that play in the economy in certainly in my lifetime, back with inflation now, the wind buttons and the gerald ford days, that in the '70s, you had 12% inflation that went up to 14%. we don't have that yet. we also don't have very high unemployment, which is a key component of stagflation, the unemployment sit...

Credit card debt, the balances will get more expensive. add to your savings, pay down the debt. third, your house, probably your biggest asset, it's worth more today, home prices rose almost 15% in april, if you are thinking about moving or downsizing it is a seller's market. and to your portfolio, stay invested, stock markets go up and down, you cannot time the market. don't a wait for a bear market to log into your 401(k), either. it's always a good time to make sure your portfolio is balanced correctly, it should be stocks, bonds, stable assets adjusted for your age and risk tolerance. case...

>> mr. president, i wanted to ask you about the economy. during your trip to asia you promoted the investments by samsung and hyundai. but back home in the united states, americans are dealing with record high inflation, the fed raised interest rates to try to address those issues, and they are also enormously high gas prices. given the cross currents of the economy, the war in ukraine, the china lockdowns we have seen, should americans be repaired for a recession? in your view is a recession in the united states i hible? >> no. >> why not? >> look, you are talking about the significant progre...