1 00:00:00,160 --> 00:00:03,320 Speaker 1: Pete buddhaj Edge stepped onto the set at CNBC to 2 00:00:03,360 --> 00:00:06,320 Speaker 1: talk about the economy and he hit a buzzsaw known 3 00:00:06,360 --> 00:00:09,240 Speaker 1: as Joe Kernin and it was a really fire exchange. 4 00:00:09,240 --> 00:00:15,520 Speaker 1: We're going to show you the highlights of it. But first, 5 00:00:16,000 --> 00:00:19,440 Speaker 1: before that interview took place, we got the news that 6 00:00:19,480 --> 00:00:23,520 Speaker 1: the inflation numbers came in and as expected, they ticked 7 00:00:23,600 --> 00:00:26,000 Speaker 1: up a bit. But there's more to the story than 8 00:00:26,120 --> 00:00:29,200 Speaker 1: just that. Let's first show you how Fox Business reported it. 9 00:00:29,200 --> 00:00:32,400 Speaker 2: Expecting this report to look like March consumer Price index 10 00:00:32,840 --> 00:00:34,600 Speaker 2: month of a month, we got a jump of nine 11 00:00:34,640 --> 00:00:37,640 Speaker 2: tenths of a percent. That was the expectation going into 12 00:00:37,640 --> 00:00:41,000 Speaker 2: this report for March year over year headline number three 13 00:00:41,120 --> 00:00:45,360 Speaker 2: point three percent. Again, that was the expectation. Core month 14 00:00:45,400 --> 00:00:48,400 Speaker 2: over month two tenths of a percent. We were looking 15 00:00:48,479 --> 00:00:52,199 Speaker 2: for three tenths of a percent. So actually the core 16 00:00:52,280 --> 00:00:54,280 Speaker 2: month over month coming in just a little bit better 17 00:00:54,320 --> 00:00:55,320 Speaker 2: than expected. 18 00:00:56,200 --> 00:00:59,160 Speaker 1: Let me explain what that means, all y'all. First of all, 19 00:00:59,400 --> 00:01:02,040 Speaker 1: when inflation to go up by point nine percent month 20 00:01:02,080 --> 00:01:04,520 Speaker 1: over month, and that is a tick up, which is 21 00:01:04,560 --> 00:01:07,160 Speaker 1: in the wrong direction, but it was expected. Why was 22 00:01:07,200 --> 00:01:11,960 Speaker 1: it expected, Well, because of energy costs. I mean, that's 23 00:01:11,959 --> 00:01:15,480 Speaker 1: what happens when you engage in a military action against 24 00:01:15,520 --> 00:01:18,200 Speaker 1: one of the leading oil reserves in the nation that 25 00:01:18,319 --> 00:01:20,840 Speaker 1: ends up clogging up the Strait of Hormuz. That's why 26 00:01:20,880 --> 00:01:23,520 Speaker 1: it was expected. We sort of knew that going in 27 00:01:23,680 --> 00:01:26,120 Speaker 1: it will correct itself when the military action is over, 28 00:01:26,160 --> 00:01:29,399 Speaker 1: and actually could correct in a big way. But here's 29 00:01:29,440 --> 00:01:33,319 Speaker 1: why the core inflation number was actually down or not 30 00:01:33,920 --> 00:01:38,759 Speaker 1: up as much as expected. Core inflation takes out food 31 00:01:38,880 --> 00:01:42,440 Speaker 1: and energy costs. So if you take out energy costs 32 00:01:42,480 --> 00:01:45,120 Speaker 1: and then food costs, which is directly related to energy costs, 33 00:01:45,200 --> 00:01:48,800 Speaker 1: actually inflation got better, all right. So it's a mixed bag, 34 00:01:49,120 --> 00:01:51,880 Speaker 1: but honestly much better than it could have been. So 35 00:01:52,480 --> 00:01:56,080 Speaker 1: what was the analysis? While Nancy Pelosi that financial genius, 36 00:01:56,760 --> 00:01:59,080 Speaker 1: she doesn't actually know much about the economy when it 37 00:01:59,080 --> 00:02:03,200 Speaker 1: doesn't involve inside training on stocks that she's buying. But 38 00:02:03,600 --> 00:02:05,600 Speaker 1: here's what she said. She tweeted out the New York 39 00:02:05,640 --> 00:02:08,920 Speaker 1: Times headline, a record jump in US gasoline prices is 40 00:02:08,960 --> 00:02:12,360 Speaker 1: squeezing consumers, and then she says gas prices are rising 41 00:02:12,480 --> 00:02:16,440 Speaker 1: faster than ever, inflation is surging, and America's working families 42 00:02:16,440 --> 00:02:18,960 Speaker 1: are bearing the cost of the president's reckless war, but 43 00:02:19,000 --> 00:02:23,840 Speaker 1: Donald Trump and Republicans just don't care. I feel like 44 00:02:24,080 --> 00:02:27,760 Speaker 1: I must inform you that though gas prices are high, 45 00:02:28,040 --> 00:02:31,280 Speaker 1: and yes there was an increase in inflation, but again 46 00:02:31,520 --> 00:02:35,040 Speaker 1: not as bad as expected. We are nowhere near the 47 00:02:35,160 --> 00:02:39,280 Speaker 1: disaster that was the middle of the Biden administration when 48 00:02:39,360 --> 00:02:42,800 Speaker 1: Nancy Pelosi and her pals were saying, oh, there's no inflation, 49 00:02:42,960 --> 00:02:45,600 Speaker 1: or if there is, it's just transitory. It's not really, 50 00:02:45,800 --> 00:02:50,560 Speaker 1: everything's fine, don't worry about it. That was basically exactly 51 00:02:50,639 --> 00:02:55,000 Speaker 1: four years ago today. But this is a nightmare, and 52 00:02:55,080 --> 00:02:58,160 Speaker 1: Nancy is not the only one. Chuck Schumer also pointed 53 00:02:58,200 --> 00:03:02,560 Speaker 1: it out, but he made a slight error in retweeting 54 00:03:02,639 --> 00:03:09,280 Speaker 1: this post. See Heather Long, a economist and analyst for 55 00:03:09,400 --> 00:03:12,560 Speaker 1: the Economy, tweeted out the latest numbers on inflation, and 56 00:03:12,639 --> 00:03:17,239 Speaker 1: Chuck Schumer, I guess, without looking, said skyrocketing inflation, the 57 00:03:17,320 --> 00:03:20,760 Speaker 1: highest in years, all because of Donald Trump's unnecessary, you planned, 58 00:03:20,800 --> 00:03:24,440 Speaker 1: reckless war of choice. Every war is a war of choice. 59 00:03:24,760 --> 00:03:27,720 Speaker 1: It's another reason we must end this war now. Americans 60 00:03:27,760 --> 00:03:30,440 Speaker 1: are paying the price for Trump's idiocy every day. I 61 00:03:30,600 --> 00:03:32,200 Speaker 1: just point out something really fast because I know a 62 00:03:32,200 --> 00:03:34,040 Speaker 1: lot of you are probably on the fence with the 63 00:03:34,160 --> 00:03:36,600 Speaker 1: military action in Iran and everything. You're not sure what 64 00:03:36,640 --> 00:03:38,760 Speaker 1: to believe, and you're not sure who's that as this 65 00:03:38,840 --> 00:03:41,680 Speaker 1: influencer said this, and that influencer. But my heart knows 66 00:03:41,720 --> 00:03:43,200 Speaker 1: that Iran is the bad guy, and if we have 67 00:03:43,240 --> 00:03:47,080 Speaker 1: an opportunity to actually fix the problem and neutralize that threat, 68 00:03:47,120 --> 00:03:49,480 Speaker 1: that's a good thing. But these people that I respect 69 00:03:49,480 --> 00:03:52,680 Speaker 1: over here suddenly think it's terrible. I know you're confused, 70 00:03:53,120 --> 00:03:56,400 Speaker 1: all right. Heck, sometimes I get confused by the news 71 00:03:56,440 --> 00:03:59,000 Speaker 1: of the day. It's always best to go back to 72 00:03:59,040 --> 00:04:03,240 Speaker 1: your core principles and think through what you've always believed 73 00:04:03,280 --> 00:04:05,520 Speaker 1: and why you've always believed it. And then if you're 74 00:04:05,560 --> 00:04:10,240 Speaker 1: still confused, look at the people that you know you 75 00:04:10,400 --> 00:04:13,680 Speaker 1: disagree with, look at the people who are always wrong 76 00:04:13,920 --> 00:04:17,760 Speaker 1: about everything, and find out where they stand. Chuck Schumer 77 00:04:18,279 --> 00:04:22,840 Speaker 1: demands that this war be stopped. Now, what does that 78 00:04:22,880 --> 00:04:26,839 Speaker 1: tell you? It tells me that if in fact President 79 00:04:26,839 --> 00:04:31,560 Speaker 1: Trump can successfully execute with his team Rubio and Vance 80 00:04:31,640 --> 00:04:34,719 Speaker 1: and Hegseth and the whole team, if they can successfully 81 00:04:34,839 --> 00:04:38,359 Speaker 1: execute this military mission in the Middle East that is 82 00:04:38,400 --> 00:04:41,520 Speaker 1: only five weeks old, and they can actually come out 83 00:04:41,520 --> 00:04:45,400 Speaker 1: on the other side of it successfully. That's bad for Chuck. 84 00:04:46,920 --> 00:04:50,359 Speaker 1: Hopefully that'll crystallize your position on this. But back to 85 00:04:50,440 --> 00:04:53,720 Speaker 1: Chuck Schumer's tweet, it's another reason we must have those 86 00:04:53,720 --> 00:04:56,120 Speaker 1: word today. Americans are paying the price for Trump's ideac 87 00:04:56,279 --> 00:04:59,400 Speaker 1: every day. And he tweeted this chart that he says 88 00:04:59,440 --> 00:05:02,360 Speaker 1: show sky rocketing inflation. And he's right, it does show 89 00:05:02,360 --> 00:05:06,960 Speaker 1: skyrocketing inflation. Here's the problem. The skyrocketing inflation that actually 90 00:05:07,000 --> 00:05:08,320 Speaker 1: was announced today. 91 00:05:08,839 --> 00:05:14,799 Speaker 3: Is all the way over here, in this little, last, 92 00:05:14,960 --> 00:05:19,040 Speaker 3: little half a centimeter, all the way to the right 93 00:05:19,120 --> 00:05:22,599 Speaker 3: of your screen, where the red line darts up three 94 00:05:22,640 --> 00:05:25,080 Speaker 3: point three percent, which is a point nine percent increase, 95 00:05:25,120 --> 00:05:26,599 Speaker 3: almost one full percentage point. 96 00:05:27,640 --> 00:05:33,599 Speaker 1: The problem with Chuck Schumer tweeting out this chart to 97 00:05:33,760 --> 00:05:38,440 Speaker 1: show how inflation is skyrocketing under Trump is not that little, 98 00:05:38,839 --> 00:05:42,920 Speaker 1: you know, kind of witty, little pinky sort of nub 99 00:05:43,040 --> 00:05:46,560 Speaker 1: at the end. No, no, no, it's this giant mountain, 100 00:05:47,279 --> 00:05:53,200 Speaker 1: this mount everest of inflation right there where your eye 101 00:05:53,320 --> 00:05:56,960 Speaker 1: goes in the middle of the chart. That ain't Trump, 102 00:05:57,640 --> 00:06:01,240 Speaker 1: that's the middle of the Biden President. And see, in fact, 103 00:06:01,520 --> 00:06:05,119 Speaker 1: this entire mountain starts right at the beginning of twenty 104 00:06:05,160 --> 00:06:07,760 Speaker 1: twenty one. What happened in January of twenty twenty one. 105 00:06:08,040 --> 00:06:12,040 Speaker 1: Oh yeah, Joe Biden was sworn into office. And then 106 00:06:12,080 --> 00:06:16,240 Speaker 1: it just climbs and climbs and climbs and climbs and climbs, 107 00:06:16,279 --> 00:06:18,920 Speaker 1: and then all these starts to come down when Donald 108 00:06:18,960 --> 00:06:24,120 Speaker 1: Trump is running for president. So, Chuck, you might want 109 00:06:24,120 --> 00:06:26,839 Speaker 1: to look at the actual data that you're about to 110 00:06:26,839 --> 00:06:31,159 Speaker 1: tweet out before you scream about highest inflation ever, because 111 00:06:31,160 --> 00:06:36,640 Speaker 1: it ain't pal not even clothes. That's absolutely remarkable. What 112 00:06:36,760 --> 00:06:40,360 Speaker 1: a great cell phone. Meanwhile, they're not the only idiots 113 00:06:40,440 --> 00:06:46,000 Speaker 1: out there. Gavin Newsom's office said, while America suffers, Chevron profits, 114 00:06:47,440 --> 00:06:50,000 Speaker 1: tweeting out this little paragraph from Reuter's. Chevron said on 115 00:06:50,040 --> 00:06:53,400 Speaker 1: Thursday it expected first quarter upstream earnings to rise between 116 00:06:53,400 --> 00:06:55,920 Speaker 1: one point six billion and two point two billion from 117 00:06:56,000 --> 00:06:58,600 Speaker 1: the previous quarter, fueled by higher oil prices due to 118 00:06:58,600 --> 00:07:01,560 Speaker 1: the IRN war, though so an impact from hedging could 119 00:07:01,640 --> 00:07:04,839 Speaker 1: weigh on results. Now that's really damning, isn't it. Look 120 00:07:04,839 --> 00:07:08,040 Speaker 1: at that all these high oil prices, all these high 121 00:07:08,080 --> 00:07:11,840 Speaker 1: gas prices, and Gavin Newsom is outraged by it. Outraged, 122 00:07:11,880 --> 00:07:14,400 Speaker 1: I tell you, Thank God for X and their community 123 00:07:14,440 --> 00:07:17,320 Speaker 1: notes because it's a good one. The state of California 124 00:07:17,360 --> 00:07:20,520 Speaker 1: collects more in taxes per gallon of gasoline than refineries 125 00:07:20,880 --> 00:07:24,960 Speaker 1: such as Chevron, Shell or Valero collecting profit per gallon. 126 00:07:25,360 --> 00:07:29,520 Speaker 1: In other words, Chevron might be showing a bit of 127 00:07:29,600 --> 00:07:31,920 Speaker 1: a profit here because of the higher oil prices, but 128 00:07:32,000 --> 00:07:35,040 Speaker 1: ain't nothing compared to how much money Gaviy Newsom's making 129 00:07:35,120 --> 00:07:37,920 Speaker 1: for the state of California because of his high gas 130 00:07:38,120 --> 00:07:43,040 Speaker 1: taxes at Chevron only dreams that they had the markup 131 00:07:43,640 --> 00:07:47,640 Speaker 1: on oil and gas the Gavin Newsome demands on his 132 00:07:47,760 --> 00:07:53,640 Speaker 1: taxes per gallon. You see, the tax in California on 133 00:07:53,680 --> 00:07:56,000 Speaker 1: a gallon of gas isn't a flat you know, two 134 00:07:56,080 --> 00:07:59,280 Speaker 1: dollars per out No no, no, no, no no, it's scales. So 135 00:07:59,360 --> 00:08:02,280 Speaker 1: as the price of as goes up, they make more taxes. 136 00:08:03,000 --> 00:08:08,280 Speaker 1: Gavin profits more than anyone else or his party. Amazing. Meanwhile, 137 00:08:08,360 --> 00:08:10,440 Speaker 1: that brings us to Pete Buodha Judge with Joe Kernan, 138 00:08:10,520 --> 00:08:13,280 Speaker 1: as promised on CNBC, I'm just gonna let you watch 139 00:08:13,320 --> 00:08:15,520 Speaker 1: this play out because pee Boot digit I'm always told 140 00:08:15,520 --> 00:08:17,760 Speaker 1: pee boota judge. You know he's great, And I'll admit it. 141 00:08:17,760 --> 00:08:19,360 Speaker 1: He's got a bit of a superpower here. He is 142 00:08:19,360 --> 00:08:22,080 Speaker 1: willing to go in and engage in an interview, and 143 00:08:22,120 --> 00:08:24,600 Speaker 1: he pushes back, and he's click on his feet, and 144 00:08:24,680 --> 00:08:27,920 Speaker 1: he's got sharp answers, and he's a good communicator. The 145 00:08:28,040 --> 00:08:31,160 Speaker 1: problem is most of the people that interview him and 146 00:08:31,200 --> 00:08:35,120 Speaker 1: engage with him, they're just so dazzled by him and 147 00:08:35,320 --> 00:08:38,080 Speaker 1: they can't actually push back, and they don't actually listen 148 00:08:38,160 --> 00:08:42,199 Speaker 1: to the words he says. Joe Kernan not so much. 149 00:08:43,040 --> 00:08:44,000 Speaker 1: And Joe was ready. 150 00:08:44,960 --> 00:08:47,319 Speaker 4: I understand that. Now. Look, I'm saying, this is somebody 151 00:08:47,320 --> 00:08:49,920 Speaker 4: who knows what it's like to be sent to war 152 00:08:50,520 --> 00:08:53,000 Speaker 4: by a US president. And when a president sends you 153 00:08:53,040 --> 00:08:54,960 Speaker 4: to war, when you and your buddies are on that 154 00:08:55,080 --> 00:08:58,360 Speaker 4: great tail plane going into a war zone, you do 155 00:08:58,520 --> 00:09:01,479 Speaker 4: it with some level of confidence, some level of assurance 156 00:09:01,880 --> 00:09:05,000 Speaker 4: that your chain of command in the United States it 157 00:09:05,040 --> 00:09:07,040 Speaker 4: wouldn't sound like this now that we're there. 158 00:09:07,080 --> 00:09:09,560 Speaker 5: Do you hope this has a successful outcome? There were 159 00:09:09,600 --> 00:09:12,920 Speaker 5: forty thousand Iranians that were slaughtered by the same regime, 160 00:09:13,120 --> 00:09:17,000 Speaker 5: and the second years of killing Americans stirring trouble all 161 00:09:17,040 --> 00:09:17,800 Speaker 5: around the world. 162 00:09:17,920 --> 00:09:20,760 Speaker 4: How do you feel about that? Regime being left intact 163 00:09:20,880 --> 00:09:23,240 Speaker 4: by this president. That's going to be the case, and 164 00:09:23,280 --> 00:09:26,680 Speaker 4: I don't know what might happen. Is an argument? Is 165 00:09:26,679 --> 00:09:27,200 Speaker 4: that an argument? 166 00:09:27,240 --> 00:09:29,440 Speaker 5: So you don't want this to work and it was 167 00:09:29,520 --> 00:09:30,280 Speaker 5: just a bad move. 168 00:09:30,320 --> 00:09:31,560 Speaker 1: You want us to pull out now. 169 00:09:32,520 --> 00:09:34,880 Speaker 4: Look, there's no obvious way out now. But I want 170 00:09:34,920 --> 00:09:37,160 Speaker 4: to make sure that this ends in a way that, 171 00:09:37,360 --> 00:09:40,120 Speaker 4: first of all, our economy can recover that that we're 172 00:09:40,120 --> 00:09:42,280 Speaker 4: not paying so much for gas. I mean right now, 173 00:09:42,600 --> 00:09:46,120 Speaker 4: oils one hundred bucks jet fuels two hundred bucks, gases 174 00:09:46,160 --> 00:09:49,440 Speaker 4: over four bucks, diesels average a three eighty. Under Biden 175 00:09:49,480 --> 00:09:54,520 Speaker 4: for four years, and when we left, inflation was lower 176 00:09:55,360 --> 00:09:55,760 Speaker 4: than it is. 177 00:09:55,800 --> 00:09:58,560 Speaker 5: To thank you, you accounted for twenty one pricing. 178 00:09:58,720 --> 00:10:05,880 Speaker 4: This president took in the inflation his president's two on air. 179 00:10:06,000 --> 00:10:08,320 Speaker 4: You saw the numbers just come out. It's more than 180 00:10:08,400 --> 00:10:09,319 Speaker 4: three percent. You're on air. 181 00:10:09,440 --> 00:10:12,520 Speaker 5: Okay, there's act it is. 182 00:10:13,400 --> 00:10:14,559 Speaker 1: The math is direct. 183 00:10:15,960 --> 00:10:19,800 Speaker 4: Looks months from two seven to three percent. It's higher 184 00:10:19,800 --> 00:10:23,000 Speaker 4: than when he got about nine percent. His central campaign 185 00:10:23,000 --> 00:10:25,080 Speaker 4: promise was he was going to take inflation and drive 186 00:10:25,120 --> 00:10:28,800 Speaker 4: it down, and instead he I thought that in the 187 00:10:29,400 --> 00:10:31,920 Speaker 4: three when he got here, and now it's more. It 188 00:10:31,960 --> 00:10:33,320 Speaker 4: could not be simpler than that. 189 00:10:33,360 --> 00:10:35,200 Speaker 5: It's around three and we're involved in a war. 190 00:10:35,320 --> 00:10:37,280 Speaker 4: He said on day one it would go down. He 191 00:10:37,400 --> 00:10:40,160 Speaker 4: came in on day one, and now it's up. It's 192 00:10:40,200 --> 00:10:41,959 Speaker 4: up to three percent. It was twenty one and a 193 00:10:42,000 --> 00:10:45,160 Speaker 4: half percent. It would go down four years. 194 00:10:45,360 --> 00:10:46,520 Speaker 1: Over four years, it. 195 00:10:46,440 --> 00:10:47,559 Speaker 4: Was twenty one and a half percent. 196 00:10:48,040 --> 00:10:51,200 Speaker 5: When you own, democrats own the affordability. 197 00:10:50,640 --> 00:10:53,760 Speaker 4: Listen to the period. Why did the president fail? 198 00:10:54,120 --> 00:10:56,360 Speaker 5: You don't think democrats the affordability crisis? 199 00:10:56,400 --> 00:10:58,520 Speaker 4: Why did the president fail to keep his promise to 200 00:10:58,600 --> 00:10:59,240 Speaker 4: lower prices? 201 00:10:59,320 --> 00:11:03,040 Speaker 6: In your opinion, I'm laughing because this is this piece 202 00:11:03,080 --> 00:11:05,640 Speaker 6: of it is basic. The president did say that he 203 00:11:05,800 --> 00:11:08,480 Speaker 6: was he wanted to be in office to bring inflation down, 204 00:11:08,640 --> 00:11:11,160 Speaker 6: and he has not brought inflation down, that's all. 205 00:11:11,280 --> 00:11:13,640 Speaker 4: He drove it up. He not only failed, he drove 206 00:11:13,679 --> 00:11:15,160 Speaker 4: it up. Mister sacred, Hey, let's talk. 207 00:11:16,280 --> 00:11:18,360 Speaker 5: Have had a minimal, A minimal. 208 00:11:18,600 --> 00:11:21,200 Speaker 4: You tell a family where I lived, one thousand dollars 209 00:11:21,240 --> 00:11:23,920 Speaker 4: per household is minimal from the twenty one. 210 00:11:23,720 --> 00:11:25,400 Speaker 1: By the way, just a couple of things here and 211 00:11:25,400 --> 00:11:29,680 Speaker 1: I'll let it finish, because again, Buddha Judge always gets 212 00:11:29,720 --> 00:11:33,240 Speaker 1: great credit and great kudos for what you're seeing him 213 00:11:33,240 --> 00:11:37,079 Speaker 1: do right here right, Very rarely does he get any pushback, 214 00:11:37,120 --> 00:11:38,959 Speaker 1: and of course you saw the assists from other people 215 00:11:39,000 --> 00:11:41,120 Speaker 1: on the table, so it ends up being a three 216 00:11:41,160 --> 00:11:43,600 Speaker 1: on one. But let's just be clear here, all of 217 00:11:43,640 --> 00:11:48,760 Speaker 1: the anger and vitriol and outrage was never directed toward 218 00:11:48,800 --> 00:11:52,880 Speaker 1: the last presidency that drove inflation sky high, as Curtain 219 00:11:53,000 --> 00:11:54,600 Speaker 1: just pointed out, twenty one percent over the course of 220 00:11:54,600 --> 00:11:59,040 Speaker 1: four years. His anger is not the prices have not 221 00:11:59,080 --> 00:12:01,360 Speaker 1: gone down faster, and by the way, prices on a 222 00:12:01,400 --> 00:12:05,680 Speaker 1: lot of things have gone down, but not everything. His 223 00:12:05,920 --> 00:12:08,800 Speaker 1: anger or the point he's trying to make is well, 224 00:12:09,000 --> 00:12:11,720 Speaker 1: ha ha. Trump said it would go down and it hasn't. 225 00:12:11,840 --> 00:12:16,240 Speaker 1: So there you go, which is not actually a policy 226 00:12:16,360 --> 00:12:19,320 Speaker 1: or position that would help the American people or do 227 00:12:19,400 --> 00:12:22,960 Speaker 1: anything to bring prices down in and of themselves. It's 228 00:12:23,200 --> 00:12:27,920 Speaker 1: just some kind of weak need Trump own, right. And 229 00:12:28,000 --> 00:12:31,120 Speaker 1: so it's funny buddhaj Edge. When he first came on 230 00:12:31,160 --> 00:12:33,559 Speaker 1: the scene in twenty twenty and was running for the nomination, 231 00:12:34,040 --> 00:12:37,240 Speaker 1: he had this sort of weird, nerdy charm about him 232 00:12:37,280 --> 00:12:39,760 Speaker 1: for many people, not for me, but for many people, 233 00:12:39,880 --> 00:12:42,960 Speaker 1: where they looked at him and they saw that you know, 234 00:12:43,920 --> 00:12:48,000 Speaker 1: really nice gay cousin or nephew that always comes to 235 00:12:48,040 --> 00:12:50,960 Speaker 1: the family reunions and he's always so charming and nice 236 00:12:50,960 --> 00:12:52,840 Speaker 1: and he's got his act together and he's got a 237 00:12:52,880 --> 00:12:56,640 Speaker 1: good job and ah johs. I just I'm always nice 238 00:12:56,679 --> 00:12:58,720 Speaker 1: to have him around. It makes me feel good about 239 00:12:58,720 --> 00:13:04,640 Speaker 1: myself to have a nice, inoffensive gay nephew or gay cousin, right, 240 00:13:04,679 --> 00:13:06,680 Speaker 1: and that's just great, good for you and good for 241 00:13:06,800 --> 00:13:08,880 Speaker 1: me for being okay with you. It was one of 242 00:13:08,920 --> 00:13:12,319 Speaker 1: those things right where everyone feels good about it. It's like, oh, 243 00:13:12,360 --> 00:13:15,199 Speaker 1: I love gay people. I'll vote for Pete boodhajetge right, 244 00:13:15,679 --> 00:13:18,280 Speaker 1: and it's like, yeah, okay, how do you feel about 245 00:13:18,320 --> 00:13:20,840 Speaker 1: the drag queens marching and fishnets down the street of 246 00:13:20,880 --> 00:13:23,120 Speaker 1: your city on Gay Pride Day in front of children? 247 00:13:23,440 --> 00:13:27,040 Speaker 1: Oh that's different, that's very different. 248 00:13:27,160 --> 00:13:27,319 Speaker 4: Right. 249 00:13:27,440 --> 00:13:30,360 Speaker 1: So here he was like the gateway drug, right, and 250 00:13:30,400 --> 00:13:32,760 Speaker 1: it was fine. Everybody saw him and it was like, oh, 251 00:13:32,800 --> 00:13:34,720 Speaker 1: is't that nice? He seems like a nice guy. I 252 00:13:34,840 --> 00:13:38,760 Speaker 1: like him. He makes me feel good right now. Based 253 00:13:38,800 --> 00:13:43,120 Speaker 1: on this performance here, he is pushing through that persona 254 00:13:43,600 --> 00:13:47,480 Speaker 1: and he is now becoming the smart ass, the smart 255 00:13:47,480 --> 00:13:52,560 Speaker 1: ass know it all when the family dinner, you know, Thanksgiving, 256 00:13:52,600 --> 00:13:55,080 Speaker 1: where yes, there's your gay nephew, you know, and everybody's 257 00:13:55,160 --> 00:13:56,800 Speaker 1: nice and it's fine. He's like, oh, what's going on 258 00:13:56,840 --> 00:13:58,440 Speaker 1: in college? Oh good, feel you got a job now? 259 00:13:58,480 --> 00:14:00,800 Speaker 1: All that's wonderful. But then the end of the night, 260 00:14:01,120 --> 00:14:04,720 Speaker 1: everyone's had a lot of wine, you start debating about something, 261 00:14:05,360 --> 00:14:10,720 Speaker 1: and that really nice gay nephew suddenly becomes a smarmy, 262 00:14:11,080 --> 00:14:15,840 Speaker 1: smart ass, know it all, who acts a little more, 263 00:14:16,400 --> 00:14:22,280 Speaker 1: you know, superior than he should given his age, given 264 00:14:22,320 --> 00:14:25,640 Speaker 1: his experience, and given the basic respect that he should 265 00:14:25,640 --> 00:14:29,560 Speaker 1: be showing you as his uncle. Right, that's this bootpoota judge. 266 00:14:29,880 --> 00:14:31,720 Speaker 1: This is not the Buddha jedge that is going to 267 00:14:31,760 --> 00:14:35,200 Speaker 1: do well in politics when you go from the nice, 268 00:14:35,240 --> 00:14:39,040 Speaker 1: friendly gay nephew to the smart ass, get out of 269 00:14:39,080 --> 00:14:42,000 Speaker 1: my face gay nephew. All right, So to watch him finish. 270 00:14:42,040 --> 00:14:44,840 Speaker 1: And by the way, just so you know, he's not 271 00:14:44,920 --> 00:14:49,240 Speaker 1: presenting any positive alternative. All he's doing is Trump said this, 272 00:14:49,680 --> 00:14:52,920 Speaker 1: and now he didn't. So there you go, ha ha ha. 273 00:14:54,520 --> 00:14:57,640 Speaker 1: Trump is owned and he needs to remember that he's 274 00:14:57,680 --> 00:15:00,760 Speaker 1: not running against Donald Trump. If he's runn for president, 275 00:15:01,120 --> 00:15:02,240 Speaker 1: No he's not, is he one? 276 00:15:02,280 --> 00:15:04,720 Speaker 5: And a half percent increase that you're the Democrats. 277 00:15:04,840 --> 00:15:06,400 Speaker 4: We can we can argue all day about just how 278 00:15:06,400 --> 00:15:08,200 Speaker 4: bad COVID was and how bad it got and what 279 00:15:08,240 --> 00:15:11,880 Speaker 4: it took from that, but you call it where I live, 280 00:15:12,000 --> 00:15:14,080 Speaker 4: one thousand bucks per household isn't minimal. 281 00:15:14,160 --> 00:15:17,320 Speaker 5: Now you've found now Democrats found religion on inflation after 282 00:15:17,520 --> 00:15:19,720 Speaker 5: presiding over the worst inflation in forty years. 283 00:15:19,800 --> 00:15:23,360 Speaker 4: Now you found it's twenty twenty six. They're in charge. 284 00:15:23,440 --> 00:15:24,640 Speaker 4: That you guys are in charge. 285 00:15:24,800 --> 00:15:25,280 Speaker 5: I'm aware. 286 00:15:25,320 --> 00:15:27,960 Speaker 4: Are you going to do differently? What are you going 287 00:15:28,000 --> 00:15:30,080 Speaker 4: to do differently to make the prices actually go down? 288 00:15:30,160 --> 00:15:30,600 Speaker 4: Like your promise? 289 00:15:30,680 --> 00:15:32,960 Speaker 5: Your number one, we got to get through this war. 290 00:15:33,120 --> 00:15:34,560 Speaker 4: And you've heard people going to get through this war. 291 00:15:34,600 --> 00:15:36,520 Speaker 4: We didn't have to be fighting this war. What would 292 00:15:36,520 --> 00:15:38,560 Speaker 4: we do? That's a matter of opinion. You can't say that. 293 00:15:38,600 --> 00:15:40,480 Speaker 4: It's a matter of opinion that I share with most 294 00:15:40,560 --> 00:15:42,800 Speaker 4: Americans and a large number of Republicans and a whole 295 00:15:42,800 --> 00:15:44,640 Speaker 4: bunch of mag of people who bought into this president 296 00:15:44,640 --> 00:15:45,760 Speaker 4: because actually believe. 297 00:15:45,520 --> 00:15:48,520 Speaker 1: That Republican approval for the war. 298 00:15:48,960 --> 00:15:51,040 Speaker 4: You don't start with the approval you have within your 299 00:15:51,080 --> 00:15:54,520 Speaker 4: own party. But the point is the maga collrats an't 300 00:15:54,520 --> 00:15:58,920 Speaker 4: going to approve. I'm talking about Americans. Americans disapprove. 301 00:15:59,520 --> 00:16:01,200 Speaker 1: Do you say, oh, what he did? Right? He tried 302 00:16:01,200 --> 00:16:03,440 Speaker 1: to make this smarmy little point about you know, even 303 00:16:03,480 --> 00:16:05,680 Speaker 1: Mega is divided over this, and Joe Crennan says, no, 304 00:16:05,720 --> 00:16:08,440 Speaker 1: it's not you get ninety plus percent, and he says, 305 00:16:08,760 --> 00:16:10,840 Speaker 1: you don't start with your Republicans. I'm talking about American 306 00:16:10,880 --> 00:16:13,880 Speaker 1: It's like, no, dude, you just said Mega, So don't 307 00:16:13,920 --> 00:16:15,720 Speaker 1: like try to make that shot. And then as soon 308 00:16:15,760 --> 00:16:20,040 Speaker 1: as you're challenged on it, you know, with facts, you 309 00:16:20,120 --> 00:16:22,320 Speaker 1: then dodge and jump and say that's not what I 310 00:16:22,360 --> 00:16:26,680 Speaker 1: was saying. No, that's literally what you were saying. But again, 311 00:16:26,960 --> 00:16:32,920 Speaker 1: he's really nicely packaged. Now bearded or technically mustachioed. What 312 00:16:33,120 --> 00:16:36,040 Speaker 1: is going on there? So he's like trimmed down the 313 00:16:36,080 --> 00:16:38,840 Speaker 1: beard and just has stubble, but he's sticking with the stash, 314 00:16:38,880 --> 00:16:42,280 Speaker 1: and he's a man in search of a look and identity, 315 00:16:42,360 --> 00:16:45,600 Speaker 1: and I think he's got something going on that makes 316 00:16:45,680 --> 00:16:49,320 Speaker 1: him not entirely comfortable in his own skin. But he's 317 00:16:49,440 --> 00:16:54,600 Speaker 1: really just a neatly packaged, well well financed and polished 318 00:16:55,320 --> 00:16:58,320 Speaker 1: bundle of talking points. And as soon as you challenge 319 00:16:58,360 --> 00:17:00,560 Speaker 1: one of the talking points, to try to just dig 320 00:17:00,600 --> 00:17:04,119 Speaker 1: a little deeper than just two sentences that he's memorized 321 00:17:04,280 --> 00:17:06,520 Speaker 1: in front of his bathroom mirror before he got to 322 00:17:06,560 --> 00:17:09,840 Speaker 1: the set. He has to move along and bring up 323 00:17:09,880 --> 00:17:13,800 Speaker 1: something else. It's like he's got ADHD or something. It's like, oh, okay, 324 00:17:13,800 --> 00:17:15,560 Speaker 1: you want to talk about that, Well, let's talk about 325 00:17:15,600 --> 00:17:17,960 Speaker 1: his MEGA support, because I don't think MEGA is divided 326 00:17:18,119 --> 00:17:20,600 Speaker 1: in fact postop. But I wasn't saying that, let's talk 327 00:17:20,640 --> 00:17:23,040 Speaker 1: about this, and now he moves on. You can see 328 00:17:23,080 --> 00:17:24,680 Speaker 1: what he does, right. I just want to make sure 329 00:17:24,720 --> 00:17:26,840 Speaker 1: you see it the way I see it, because the 330 00:17:26,880 --> 00:17:30,480 Speaker 1: guy's a fraud, an obnoxious, smart ass fraud. 331 00:17:30,280 --> 00:17:32,879 Speaker 4: Of the president and their right to do so. 332 00:17:32,920 --> 00:17:35,360 Speaker 5: He's got the same approval rating other presidents have had 333 00:17:35,400 --> 00:17:37,480 Speaker 5: at this point in the term for a little bit above. 334 00:17:38,640 --> 00:17:41,880 Speaker 4: Right now is unpopular for very good reasons. 335 00:17:41,640 --> 00:17:44,040 Speaker 5: One of which is no more than Obama was or 336 00:17:44,080 --> 00:17:46,480 Speaker 5: Biden was at the same term, at the same point 337 00:17:46,480 --> 00:17:47,280 Speaker 5: of his presidency. 338 00:17:47,359 --> 00:17:49,760 Speaker 4: That depends on which poles you're looking at, but by 339 00:17:49,840 --> 00:17:52,480 Speaker 4: and large, no, I'm sorry, but like I've been out 340 00:17:52,520 --> 00:17:54,880 Speaker 4: on the trail I was in Marjorie Taylor Green's district. 341 00:17:55,040 --> 00:17:59,600 Speaker 4: Marjorie Taylor Green, this is a Trump plus thirty eight district, 342 00:18:00,240 --> 00:18:02,520 Speaker 4: was i've we have five hundred people. 343 00:18:02,600 --> 00:18:04,320 Speaker 5: You will get a chance to prove that in November 344 00:18:04,359 --> 00:18:04,720 Speaker 5: this year. 345 00:18:05,000 --> 00:18:07,960 Speaker 4: We had a chance to prove last week show. I 346 00:18:08,080 --> 00:18:10,760 Speaker 4: understand that, yeah, because people are Presidents. 347 00:18:10,280 --> 00:18:14,119 Speaker 5: Make difficult decisions, obviously, Yeah, but. 348 00:18:14,280 --> 00:18:16,960 Speaker 4: Usually they make difficult decisions to try to make other 349 00:18:17,000 --> 00:18:20,359 Speaker 4: people better off. This president's made decisions to make himself 350 00:18:20,440 --> 00:18:22,520 Speaker 4: better off. That's definitely happened. If you're the kind of 351 00:18:22,520 --> 00:18:24,600 Speaker 4: person who can pay a million bucks for the entry 352 00:18:24,680 --> 00:18:27,800 Speaker 4: fee of mar Lago, then you're doing great. But everybody 353 00:18:27,840 --> 00:18:28,840 Speaker 4: else is hurting right. 354 00:18:28,760 --> 00:18:31,200 Speaker 1: Now, You see what I mean to just bounce from 355 00:18:31,200 --> 00:18:33,480 Speaker 1: talking point to talking point to talking point, and it's 356 00:18:33,520 --> 00:18:35,440 Speaker 1: just it's maddening when you look at it, and when 357 00:18:35,480 --> 00:18:37,280 Speaker 1: you know the truth and you know the facts, and 358 00:18:37,320 --> 00:18:39,320 Speaker 1: if you're like me, you're shouting back at the television, 359 00:18:39,320 --> 00:18:41,199 Speaker 1: which I do. But thankfully I have this show so 360 00:18:41,280 --> 00:18:42,959 Speaker 1: I can just shout back at the television and you 361 00:18:42,960 --> 00:18:47,240 Speaker 1: can hear it. Right. And by the way, I was 362 00:18:47,280 --> 00:18:50,879 Speaker 1: in Marjorie Taylor Greens District. This is a Republican plus 363 00:18:50,920 --> 00:18:54,080 Speaker 1: thirty eight district and I got five hundred people, five 364 00:18:54,200 --> 00:18:57,760 Speaker 1: hundred people. Dude, you know your average congressional district is 365 00:18:57,800 --> 00:19:00,760 Speaker 1: what about four hundred and forty thousand. I think I 366 00:19:00,760 --> 00:19:03,240 Speaker 1: think that's how it breaks down each congressional district. In 367 00:19:03,240 --> 00:19:05,600 Speaker 1: fact check me on that. But I believe the population 368 00:19:06,160 --> 00:19:09,520 Speaker 1: of the average congressional district is four hundred and thirty 369 00:19:09,560 --> 00:19:12,960 Speaker 1: some odd thousand people. So even in a Republican plus 370 00:19:13,000 --> 00:19:17,240 Speaker 1: thirty eight district, you should be able to get five hundred, 371 00:19:17,680 --> 00:19:21,760 Speaker 1: five hundred diehard losers with blue hair and nose rings 372 00:19:22,080 --> 00:19:25,880 Speaker 1: who will come out and say, I love Pete, he's great. Really, 373 00:19:25,920 --> 00:19:27,360 Speaker 1: why what has he done well? 374 00:19:27,359 --> 00:19:27,439 Speaker 4: He? 375 00:19:30,119 --> 00:19:37,360 Speaker 1: I love Pete, He's great? Yeay is Oh? By the way, 376 00:19:37,359 --> 00:19:40,960 Speaker 1: one other thing, as we're making our political points about inflation, 377 00:19:41,359 --> 00:19:43,679 Speaker 1: as Democrats like to do what Pete Buddha Jet just 378 00:19:43,720 --> 00:19:46,000 Speaker 1: did and said that Trump is a disaster for inflation 379 00:19:46,119 --> 00:19:48,399 Speaker 1: and affordability and everything. And we go back and we 380 00:19:48,440 --> 00:19:50,800 Speaker 1: look at Chuck Schumer's chart with the mountain and we 381 00:19:50,920 --> 00:19:53,600 Speaker 1: rightfully say, dude, you have no standing to talk about 382 00:19:53,600 --> 00:19:56,520 Speaker 1: inflation because of look at what happened under Biden. We'll 383 00:19:56,600 --> 00:19:59,320 Speaker 1: watch this. This is a new one. I hadn't heard 384 00:19:59,320 --> 00:20:01,399 Speaker 1: this one last night, Abby Phillips CNN. 385 00:20:01,560 --> 00:20:04,639 Speaker 2: Inflation that occurred under Biden was in part naturally occurring 386 00:20:04,720 --> 00:20:07,240 Speaker 2: to the supply chain bottlenecks and because the COVID wance 387 00:20:07,280 --> 00:20:11,720 Speaker 2: in the lifetime time pandemic occurred. And yes it occurred. Yeah, okay, 388 00:20:11,880 --> 00:20:13,800 Speaker 2: well because of supply chain bottlenecks. 389 00:20:13,800 --> 00:20:16,440 Speaker 4: That's what I'm talking about. There was of the president's. 390 00:20:17,000 --> 00:20:23,320 Speaker 1: Real fast, naturally occurring inflation because of supply chain bottlenecks, 391 00:20:23,359 --> 00:20:28,080 Speaker 1: which listen, that's not naturally occurring, number one, But she 392 00:20:28,200 --> 00:20:32,199 Speaker 1: is right, there were supply chain bottlenecks. And those supply 393 00:20:32,320 --> 00:20:35,280 Speaker 1: chain bottlenecks. I don't know if you remember, but we 394 00:20:35,320 --> 00:20:38,600 Speaker 1: had we had cargo ships sitting outside of our major 395 00:20:38,680 --> 00:20:43,600 Speaker 1: ports in Long Beach, San Pedro, in Los Angeles, in Florida, 396 00:20:43,680 --> 00:20:45,920 Speaker 1: New York, various places mostly on the West Coast, coming 397 00:20:45,920 --> 00:20:49,800 Speaker 1: from China where ships couldn't get in. The supply chain 398 00:20:49,840 --> 00:20:52,239 Speaker 1: was stifled. They were trying to offload all of their 399 00:20:52,280 --> 00:20:55,400 Speaker 1: cargo so we couldn't and that that did increase contribute 400 00:20:55,400 --> 00:20:58,159 Speaker 1: to inflation. And she's right about that, that's not naturally occurring. 401 00:20:58,160 --> 00:21:02,920 Speaker 1: Though guess who was the second Acio Transportation, who oversaw 402 00:21:04,080 --> 00:21:08,199 Speaker 1: our our ports and all of those bottle deecks for 403 00:21:08,280 --> 00:21:11,160 Speaker 1: our supply chain and the railways and everything else that 404 00:21:11,960 --> 00:21:17,000 Speaker 1: is part of the Secretary Transportation's perview. Pete Boodha, judge, 405 00:21:19,320 --> 00:21:23,280 Speaker 1: Pete Bodha judge. But yeah, it was naturally occurring inflation. 406 00:21:23,800 --> 00:21:25,879 Speaker 7: I know all of human history started in January of 407 00:21:25,920 --> 00:21:27,679 Speaker 7: this year, but I could take you back four years 408 00:21:27,800 --> 00:21:31,720 Speaker 7: when input prices for agriculture, from fuel to materials to. 409 00:21:31,720 --> 00:21:33,359 Speaker 1: You name it went through the roof. 410 00:21:33,359 --> 00:21:34,760 Speaker 7: I know you know a little something about it because 411 00:21:34,760 --> 00:21:36,600 Speaker 7: you worked under Joe Biden when it all happened. So 412 00:21:36,720 --> 00:21:39,480 Speaker 7: these farmers, they're in a ten month period here with Trump, 413 00:21:39,480 --> 00:21:41,359 Speaker 7: but they just came out of a four month period 414 00:21:41,640 --> 00:21:45,720 Speaker 7: where they were dying under the inflationary and affordability crisis 415 00:21:45,720 --> 00:21:48,800 Speaker 7: caused by Democrats. They support this president, they like what 416 00:21:48,840 --> 00:21:50,000 Speaker 7: he did today, and they're going to give him a 417 00:21:50,000 --> 00:21:50,960 Speaker 7: little latitude to get out of it. 418 00:21:51,040 --> 00:21:53,520 Speaker 4: I don't think that's accurate when you hear from farm dearers, 419 00:21:53,640 --> 00:21:56,920 Speaker 4: you don't think. I'm sorry. 420 00:21:59,000 --> 00:22:00,960 Speaker 7: If you look at the FED survey, people are happy 421 00:22:01,000 --> 00:22:03,320 Speaker 7: and excited about the job market and a labor market 422 00:22:03,359 --> 00:22:04,520 Speaker 7: in the United States. 423 00:22:04,520 --> 00:22:05,280 Speaker 1: That's a good thing. 424 00:22:05,320 --> 00:22:07,119 Speaker 7: And if you talk to Scott Bessett, he'll tell you 425 00:22:07,119 --> 00:22:08,680 Speaker 7: that they think in twenty twenty six we're going to 426 00:22:08,720 --> 00:22:11,040 Speaker 7: see a boom in jobs and growth in this country 427 00:22:11,440 --> 00:22:13,680 Speaker 7: thanks to some of the structural changes they made this year. 428 00:22:13,720 --> 00:22:17,000 Speaker 7: So they're expressing optimism and exuding optimism and that's what 429 00:22:17,000 --> 00:22:18,160 Speaker 7: they got to do going into an election. 430 00:22:18,280 --> 00:22:21,880 Speaker 1: Yep, that's some classic Scott Jennings pushing back on all 431 00:22:21,920 --> 00:22:24,920 Speaker 1: of the notions about inflation and where the economy is 432 00:22:25,040 --> 00:22:28,680 Speaker 1: right now. And that's Scott Jennings. He's pretty good. In fact, 433 00:22:28,720 --> 00:22:32,359 Speaker 1: he's so good you could probably check out Larrycruse dot 434 00:22:32,400 --> 00:22:34,680 Speaker 1: com and go on a cruise with me and Scott 435 00:22:34,760 --> 00:22:37,720 Speaker 1: Jennings and a couple of other of our friends this November. 436 00:22:38,040 --> 00:22:43,399 Speaker 1: Larrycrus dot com