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Speaker 1: Welcome to the program. No ictocrats allowed, because we've got

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Speaker 1: a country to say, so let's get her teed up.

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Speaker 1: Lost with that subdego triple eight nine seven one seven

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Speaker 1: two four to three triple eight ninety seven one sage.

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Speaker 1: I am Larry Elder. We are Salem News Channel. President

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Speaker 1: Trump gives a fiery speech last night about the economy,

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Speaker 1: about the so called affordability crisis, and about the first

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Speaker 1: ten months of Trump two point zero. Fannie Lewis's boyfriend

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Speaker 1: slashed investigator build for one hundred and sixty hours a

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Speaker 1: week at two hundred and fifty dollars per hour. That

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Speaker 1: works out to two million dollars a year and twenty

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Speaker 1: two hours per day. I guess he doesn't require sleep.

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Speaker 1: Kamala Harris says the Biden administration was right not to

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Speaker 1: push for the release of the Jeffrey Epstein files. By

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Speaker 1: the way, reportedly she may run for president in twenty

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Speaker 1: twenty eight, and she says the Democrats have a problem

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Speaker 1: with authenticity. Elan Omore says Ice is lying about not

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Speaker 1: pulling over her son. The House Judiciary Committee holds hearings

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Speaker 1: on why the Southern Poverty Law Center, on which the

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Speaker 1: Biden administration heavily relied listed Turning Point USA and focused

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Speaker 1: on the family on its hate map. Nancy Pelosi's stock

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Speaker 1: market record makes Warren Buffett look Mediocrekennice Owens clashes with

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Speaker 1: Pierce Morgan over her speculation about Charlie Kirk's assassination. Another

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Speaker 1: George Soros back DA released an illegal alien with the

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Speaker 1: long history of encounters with the police, only to go

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Speaker 1: on and commit a homicide. Democrats in Congress hid historically

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Speaker 1: low approval ratings. Brown University suspect still at large, Law

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Speaker 1: enforcement is not pursuing a new person of interest, and

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Speaker 1: authorities are probing a possible connection between the mass shooting

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Speaker 1: at Brown University and the murder of the MIT professor

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Speaker 1: just forty miles away. All of this and more. Triple

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Speaker 1: eight nine seven one sage triple eight nine seven one

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Speaker 1: seven two four three is the number regarding the president's

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Speaker 1: speech last night. Four people on the left who have

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Speaker 1: been speculating about his decline and middle capacity that he

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Speaker 1: no longer appears to have the same energy and vibrancy

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Speaker 1: that he did before. I give you last night's speech.

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Speaker 1: It was fiery, it was aggressive, and he clearly was

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Speaker 1: annoyed by the lack of appreciation by the mainscreen media

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Speaker 1: for his accomplishments in the first ten months. Again, however

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Speaker 1: you slice it, borders secured in thirty days or so,

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Speaker 1: when we are told for four years that they are

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Speaker 1: about as secure as they can be given the lack

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Speaker 1: of so called comprehensive immigration reform. Now no one's even

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Speaker 1: talking about the border anymore. It was the second biggest

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Speaker 1: issue in the election in twenty twenty four, and because

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Speaker 1: it's now secured, the media couldn't care less. They move

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Speaker 1: on to other things. Whether it's the Maryland Man, whether

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Speaker 1: it's Epstein files, whether it's the Venezuelan boat strikes. They

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Speaker 1: always seem to find something to ignore the number one

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Speaker 1: thing most of people are concerned about, which is the economy.

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Speaker 1: And on that level, by virtually any measure, things are

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Speaker 1: better than they were ten months ago. President Trump said

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Speaker 1: prices are down. They're not down. They're up around two

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Speaker 1: point seven percent. That's still below three percent and below

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Speaker 1: what he inherited, and well below the nine percent that

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Speaker 1: hit the peak during the Biden administration. And again, the

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Speaker 1: Biden administration averaged five percent inflation each four years, which

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Speaker 1: is over twenty percent inflation during that four year period

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Speaker 1: of time. Are you kidding me? Gas prices were up

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Speaker 1: fifty percent from when Biden took office and now in

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Speaker 1: many states few states are under two dollars a gallon,

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Speaker 1: nationwide under three dollars a gallon? Are you kidding me?

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Speaker 1: Are you kidding me? Stock market record highs recently and again,

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Speaker 1: sixty percent of Americans have money in the stock market,

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Speaker 1: either through their four oh one k's or through investment

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Speaker 1: portfolios directly, so this benefits everybody. And then no credit

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Speaker 1: whatsoever for negotiating the release of the hostages in Gaza

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Speaker 1: and their remains, No credit at all for US, no

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Speaker 1: longer being on the hook financially for the Russia Ukraine war. Nothing.

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Speaker 1: So Trump is understandably miffed. The Media Research Center talked about,

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Speaker 1: for example, the coverage of ABCNBCCBS over the shutdown. Overwhelmingly

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Speaker 1: the three major nightly news programs blame Republicans, even though

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Speaker 1: it was a Democrat to shut it down, and talked

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Speaker 1: about things like the Republican healthcare crisis, which is what

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Speaker 1: Hakeem Jeffreys now calls it. They all call it that.

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Speaker 1: They all speak from the same sheet. Elon must once said,

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Speaker 1: isn't it interesting how the legacy media all say the

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Speaker 1: same thing at the same time, with the same phrases

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Speaker 1: number thirty one.

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Speaker 2: It doesn't seem weird that the legacy media all says

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Speaker 2: the same thing. They all say the same thing at

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Speaker 2: the same time, using the same phrases. They don't even

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Speaker 2: bother picking up thesaurus right. So, like right before the

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Speaker 2: debate between Biden and Shop as a Trump shop, everyone

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Speaker 2: was saying, who says shop is attached?

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Speaker 3: But exactly?

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Speaker 2: You know, it's like, it's not a common phrase.

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Speaker 4: It's definitely not common to be repeated on air with

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Speaker 4: multiple people simultaneously.

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Speaker 3: That's weird.

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Speaker 2: Yes, that's coordinated.

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Speaker 1: Now we're going to go over some parts of the

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Speaker 1: speech Trump gave last night. He was about twenty minutes long.

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Speaker 1: I thought it was going to go much longer. That's

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Speaker 1: one of the shortest speeches he's ever given, isn't it.

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Speaker 1: And he gave it from the White House Diplomatic reception room.

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Speaker 1: For people who are on the left concerned about the economy,

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Speaker 1: who are listening to the show. Again, I appreciate your patronage,

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Speaker 1: including our friend Mark. However, you feel about the economy.

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Speaker 1: Trump exaggerated said inflation was gone. It's not gone. Not

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Speaker 1: all prices are down. Gas prices are down, egg prices

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Speaker 1: are down, other places are up. But again, overall people's

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Speaker 1: income is exceeding inflation. So they're better off now than

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Speaker 1: they were ten months ago. However you feel about that though,

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Speaker 1: What is the left wing prescription to address this? Oh,

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Speaker 1: raise taxes on rich people. How many times have we

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Speaker 1: done this? John Kennedy, when he talked about his tax cut,

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Speaker 1: talked about more money in the pockets of the American

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Speaker 1: people to create more jobs, new salaries. The Laugher curved.

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Speaker 1: Lower taxes, people have a greater incentive to work. Wealthy

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Speaker 1: people have a greater incentive not to hide their money,

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Speaker 1: to put it back into investments and purchases and donations

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Speaker 1: for charity. What is your formula? Freeze rent on two

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Speaker 1: million people, as what Zoran mom Dami wants to do

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Speaker 1: when he becomes a mayor if he pulls it off,

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Speaker 1: free bus fare, raise taxes on wealthy neighborhoods with white people,

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Speaker 1: says mom Dami. What is your formula? Pursue climate change?

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Speaker 1: We talked about this yesterday. These nations in Europe that

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Speaker 1: have been doing this, Their economies have suffered, their prices

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Speaker 1: for energy have suffered, Ford losing money on every single

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Speaker 1: ev and now they're cutting back general motors, same thing.

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Speaker 1: What is your answer that climate change is an existential threat?

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Speaker 1: And even Biden admitted that the so called Inflation Reduction

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Speaker 1: Act was more about climate change than anything else. Is

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Speaker 1: that your formula? I know you just like this man.

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Speaker 1: What is your formula? Race taxes on rich people, deny

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Speaker 1: new oil drilling permit, which is what Biden did, which

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Speaker 1: is in part would cause the prices to go up

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Speaker 1: so much. What is your idea? How are you going

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Speaker 1: to address the affordability crisis that you seem to be

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Speaker 1: complaining about. Now we come back, I want to play

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Speaker 1: you in exchange. I had with a left wing guy

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Speaker 1: named Tavis Smiley. Tavis Smiley for a long time had

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Speaker 1: a show on NPR and PBS hated Ronald Ray. This

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Speaker 1: is during the Reagan era, this is during the Obama era.

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Speaker 1: Rather hated Reagan, that Reagan tortured like people. And I

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Speaker 1: told him the recession that Reagan dealt with was more

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Speaker 1: severe than the so called Great Recession that Obama dealt

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Speaker 1: with inflation was higher, unemployment was higher, interest rates were

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Speaker 1: much higher. And Reagan did the opposite of what Obama did.

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Speaker 1: Reagan cut taxes, slowed down, the rate of domestic spending,

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Speaker 1: continued deregulation, and the economy took off. We head quarters

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Speaker 1: where we were doing five percent six percent, And Obama

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Speaker 1: did the opposite, raised taxes, substantial regulations, and for the

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Speaker 1: first time in the history of this country, I think

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Speaker 1: since at least in nineteen forty, there was a year

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Speaker 1: during a recovery where not a single year during his

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Speaker 1: administration did we hit three percent GDP. And so I

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Speaker 1: ask him, and I ask you, what is your formula?

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Speaker 1: You don't like the economy, You're unhappy with it. Therefore,

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Speaker 1: put in some Democrats, put in Kamala Harris and Tim Walls.

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Speaker 1: Are you kidding me? Tax spend, regulate, no doge cutting,

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Speaker 1: no tax cutting. And he's reducing regulations substantially. I know

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Speaker 1: you can't see the regulations being reduced, but it changes

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Speaker 1: the behavior, puts more money in the pockets of the

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Speaker 1: American people. What is your answer? Triple eight nine seven,

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Speaker 1: one seven two four three. I'm Larry Elder Angel Tree

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Speaker 1: Christmas campaign with our friends at the non profit Prison Fellowship.

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Speaker 1: There are literally thousands of children all over America who

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Speaker 1: have a mom or dad in prison, meaning they will

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Speaker 1: not see their parent on Christmas. That's why Angel Tree

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Speaker 1: is so important. You can put smiles on the faces

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Speaker 1: of children who, through no fault of their own, are

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Speaker 1: often struggling at a time of year which is meant

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Speaker 1: to be full of joy. There's an Angel Tree banner

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Speaker 1: up at Yelder dot com and you can make a donation.

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Speaker 1: It only takes thirty dollars to bless A child will

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Speaker 1: receive a special present, a gospel message, and a personal

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Speaker 1: note from his or her incarcerated parent. Again, the cost

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Speaker 1: to help bless one child with Angel Tree is only

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Speaker 1: thirty dollars. That's less than a large pizza and some cola.

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Speaker 1: Or if you're feeling generous, one hundred and fifty dollars

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Speaker 1: will bless five children of prisoners with an extra special Christmas.

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Speaker 1: Please go to my website Larryelder dot com to make

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Speaker 1: a generous gift online or phone our special donation number

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Speaker 1: eight eight eight two O six twenty eight fifty five.

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Speaker 1: That's eight eight eight two O six two eight five

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Speaker 1: five to show the love of Christ through your donation

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Speaker 1: to Angel Tree listens Triple eight ninety seven one seven

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Speaker 1: two four to three Triple eight ninety seven one sage

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Speaker 1: Larry Elder Saldom News Channel. Well, with your help, I

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Speaker 1: will be blessing over seven hundred kids who, through no

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Speaker 1: fault of their own, won't be with their mom or

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Speaker 1: dad this Christmas because one or both parents are in prison.

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Speaker 1: As of last evening, there are still more kids waiting.

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Speaker 1: Christmas is only seven days away, but there's still time

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Speaker 1: for you to join us by going to my website

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Speaker 1: Larryelder dot com and clicking on the angel Tree banner.

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Speaker 1: If you wonder how your gift of only thirty dollars

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Speaker 1: can change a child's life, just listen to this Angel

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Speaker 1: Tree volunteer Renee.

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Speaker 5: While I was there in prison, I had to spend

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Speaker 5: three years apart from my child for my sentence, and

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Speaker 5: during that time, of course, she began to grow, and

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Speaker 5: Christmas time came along. I signed up for Angeltree and

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Speaker 5: once she was able to start receiving gifts, you know,

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Speaker 5: Angeltree would show up like I was right there with

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Speaker 5: her for Christmas and it kept us connected.

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Speaker 6: So that was how I got started with Angeltree.

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Speaker 1: Trust me, if you join my other listeners and making

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Speaker 1: a gift today, it'll bless you as much as a

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Speaker 1: boy or girl waiting to hear he or she will

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Speaker 1: be getting a present, a Bible and a personalized note

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Speaker 1: from his or her incarcerated parents on Christmas morning. My

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Speaker 1: Angel Tree number eight eight eight two O six twenty

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Speaker 1: eight fifty five. That's eight eight eight two O six

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Speaker 1: twenty eight fifty five. Let's all band together to help

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Speaker 1: bless these wonderful boys and girls on Christmas morning this week.

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Speaker 1: Thank you for joining me if we pull our resources

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Speaker 1: to be the hands and feet of Jesus through Prison

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Speaker 1: Fellowship's Angel Tree program. Eight eight eight two O six

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Speaker 1: twenty eight fifty five. That's eight eight eight two O

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Speaker 1: six twenty eight fifty five. Or go to my website

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Speaker 1: Larryelder dot com and click on the Angel Tree banner

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Speaker 1: at the very top. So again, the recession that Ronald

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Speaker 1: Reagan had to deal with in the early eighties was

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Speaker 1: far more severe than recession that Barack Obama dealt with

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Speaker 1: that the media has called the Great Recession. Normally, things

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Speaker 1: people are concerned about, things like inflation. Inflation with much

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Speaker 1: higher during that Reagan period. Unemployment hier during the Reagan period,

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Speaker 1: interest rates substantially higher. But nobody calls that the Great Recession.

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Speaker 1: I'll tell you why, because Reagan dealt with it entirely

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Speaker 1: differently than the way Obama did. Reagan cut taxes, slowed

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Speaker 1: down the rate of domestic spending, and continued deregulation. Here's

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Speaker 1: the exchange I had with Tavis Smiley thirty eight. Here's

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Speaker 1: what I find puzzling Tavis about your analysis. I know

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Speaker 1: you're not a fan of Ronald Reagan. You once said

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Speaker 1: that Ronald Reagan quote tortured blacks end of quote. Ronald

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Speaker 1: Reagan did not have a specific black job's agenda. What

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Speaker 1: he did was cut taxes very deeply. He slowed down

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Speaker 1: the rate of government spending, and he continued and accelerated

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Speaker 1: deregulation policies that had been started by Jimmy Carter. The

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Speaker 1: black adult unemployment rate fell faster than the white adult

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Speaker 1: unemployment rate. The black teen age unemployment rate fell far

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Speaker 1: faster than did the white teenage unemployment rate. Black businesses

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Speaker 1: were created at a rate faster, the revenues grew at

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Speaker 1: a rate faster. All because Ronald Reagan dramatically cut taxes,

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Speaker 1: dramatically reduced the rate of government of domestic spending, and

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Speaker 1: he deregulated. This president is doing the opposite. He has

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Speaker 1: spent money, he is taxed, he's threatening to increase taxes

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Speaker 1: even more. He's imposed billions of dollars in regulations. And

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Speaker 1: fast forward two and a half years later, we got

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Speaker 1: nine point one percent unemployment. And during the Reagan era

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Speaker 1: of Tavis, unemployment in fact was even higher than the

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Speaker 1: highest during this Great recession. So I don't understand why

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Speaker 1: it is that you don't say the agenda ought to

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Speaker 1: be what Ronald Reagan did.

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Speaker 7: The short answer is this, you're awfully good at this.

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Speaker 7: That's why you've been doing it for seventeen years. Nice

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Speaker 7: try with respect, But Ronald Reagan decimated this country. I

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Speaker 7: don't know what America you were living in.

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Speaker 1: Respectfully descerated.

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Speaker 7: He decimated America and economically in every one way.

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Speaker 1: Give me one way, economic, give me one way. The

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Speaker 1: one thing that the one thing that Ronald.

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Speaker 7: Reagan did for people of color was to support the

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Speaker 7: earned income tax credit. But every other stat you cited

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Speaker 7: is we don't have time on ra to go. Number

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Speaker 7: for number. But every every stat you cited visa the

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Speaker 7: people of color does not measure up when you talk

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Speaker 7: to the people of color who had to live through

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Speaker 7: the hell of those eight years of Ronald Rae.

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Speaker 1: What do you mean talk to the people. I've just

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Speaker 1: given you labor stats. Since the stats, these are facts.

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Speaker 1: Employment fell faster, I get in the black community than

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Speaker 1: in the white community. It fell faster for teens, it

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Speaker 1: fell faster for adults, it fell faster for Hispanics. Not true,

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Speaker 1: And you're telling me when you talk to people, they

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Speaker 1: don't like Reagan. So therefore the stats go out of

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Speaker 1: the window.

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Speaker 7: Your numbers are not true. When I get back to

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Speaker 7: my office later to Dare tomorrow, I'll send you some

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Speaker 7: more numbers.

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Speaker 3: You know this.

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Speaker 7: Numbers don't lie.

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Speaker 3: But people do.

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Speaker 7: The numbers are very clear.

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Speaker 1: Liar, No, I'm saying numbers don't.

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Speaker 3: People do.

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Speaker 1: Take it out.

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Speaker 7: I'm saying, the people who provided you those numbers put

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Speaker 7: a spin hold those numbers.

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Speaker 1: By the way, the laughter you heard in the background

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Speaker 1: was Cornell West. I was debating Cornell West and Tavis

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Speaker 1: Smiley at the same time. So therefore, of course it

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Speaker 1: was a fair fight. Let me give you example of

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Speaker 1: white people will leave. This an affordability crisis. And again

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Speaker 1: I'm not saying prices have gone down. They haven't. On average,

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Speaker 1: they've cot. They're at two point seven percent inflation year

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Speaker 1: to year, which is lower than what he inherited, and

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Speaker 1: much lower, of course, than what we experienced during the

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Speaker 1: Biden years. Inflation has not gone away normally. What the

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Speaker 1: FED wants is a two percent inflation. I think the

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Speaker 1: ideal rate for inflation should be zero. When I studied

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Speaker 1: economics in college, the professor said that it should be zero.

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Speaker 1: Two percent is still bad in my opinion, but that

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Speaker 1: seems to be the level that the FED and most

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Speaker 1: economists seem to find acceptable. Will it get there, absolutely,

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Speaker 1: it'll get there. When Biden took over, you know what,

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Speaker 1: it was one point four percent. I know, I speak quickly.

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Speaker 1: I'll do that again, one point four percent when Biden

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Speaker 1: took over, and the man took it to nine percent.

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Speaker 1: And now all of a sudden, this is an affordability crisis.

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Speaker 1: These people are just too much. Let me give an

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Speaker 1: example of what I'm talking about, ABC, NBCCBS. Maybe CBS

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Speaker 1: will change a little bit now that it's been purchased

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Speaker 1: by a conservative but so far I haven't seen any

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Speaker 1: changes in the nightly news anyway during the shutdown. Again,

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Speaker 1: the Democrats are the ones that kept voting against the

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Speaker 1: clean CR, even the New York Times called it a

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Speaker 1: clean CR. A study of the nightly news ABC, CBS,

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Speaker 1: NBC during that period of time by Media Research Center,

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Speaker 1: eighty seven percent of the coverage quote heavily favored Democrats

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Speaker 1: over Republicans. The study found that only twelve of sixty

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Speaker 1: seven reports mentioned that Senate Democrats refused to vote for

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Speaker 1: a clean continuing resolution. Only twelve the sixty seven reports

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Speaker 1: even mentioned that all three networks, as the Media Research Center,

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Speaker 1: were vague about how the shutdown even occurred. They never

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Speaker 1: said that the Democrats refused to vote for the clean CR.

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Speaker 1: So Republicans got blamed. And this is the same kind

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Speaker 1: of coverage receiving scene right now. All of a sudden,

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Speaker 1: the border crisis is no more, so, let's not talk

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Speaker 1: about that anymore. Inflation lower than what President Trump inherited,

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Speaker 1: Let's not talk about it anymore. Gas price is substantially lord,

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Speaker 1: let's not talk about that anymore. Stock market all time high, well,

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Speaker 1: only rich people have money in the stock market. This

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Speaker 1: is why this man gave such a fiery speech because

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Speaker 1: he's ticked off and I don't blame him. And no

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Speaker 1: credit whatsoever again for us no longer being on the

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Speaker 1: hook financially for the rush of the Ukraine. Or isn't

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Speaker 1: that a big big deal? Isn't it a big big

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Speaker 1: deal that the hostages and Gaza and the remains have

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Speaker 1: been released. Isn't that a big big deal? Isn't it

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Speaker 1: a big deal that the stock market and the economy

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Speaker 1: four to three Larry Elder, Salem News Channel. If Democrats

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Speaker 1: take control of Congress next year, they won't just block

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Speaker 1: President Trump's agenda. They'll work every day to undo it.

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Speaker 1: They'll try to pack the courus, raise taxes, gut border security,

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Speaker 1: and push through every far left policy imaginable. Hakeem Jeffreys

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Speaker 1: the President Trump's victories. To stop them, voters must believe

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Speaker 1: Republicans are delivering a better deal for their wallets. That's

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Speaker 1: why Americans for a Balanced Budget is calling on Congress

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Speaker 1: to reverse a massive health care tax hike set to

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Speaker 1: hammer millions of hard working Americans with higher costs. Congress

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Speaker 1: must extend critical healthcare tax credits that keep premiums affordable

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Speaker 1: for working families who buy their own coverage. With open

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Speaker 1: enrollment underway, many are already facing sticker shock. Monthly premiums

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Speaker 1: are set to double for most. But there's still time

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Speaker 1: to act. But Congress must move now. If they don't,

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Speaker 1: they'll hand Democrats a political gift, one they'll use to

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Speaker 1: take back power, block the Trump Agenda, and impose their

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Speaker 1: woke progressive ideas on America. Republicans one in twenty twenty

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Speaker 1: four by standing with working Americans. If they turn their

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Speaker 1: backs now, they risk their majorities and the Trump agenda itself.

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Speaker 1: Visit Stop healthcost Hikes dot com. That stop healthcosts hikes

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Speaker 1: dot Com, and tell Congress extend the healthcare tax credits

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Speaker 1: before it's too late. Portion of the lario the show

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Speaker 1: are brought to you in part by Americans for a

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Speaker 1: Balanced Budget. Dana is in Santa Clarita, California. Dana, you're

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Speaker 1: in the Lario the show. Thank you so much for calling.

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Speaker 8: Thank you, Mary Clary.

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Speaker 1: Merry Christmas to you too.

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Speaker 8: Thank you. I follow Maria Romo Mornings with Maria, and

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Speaker 8: she's been talking about what's going to happen in the

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Speaker 8: first of the year ever since the Big beautiful Bill

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Speaker 8: passed to And that's why the dimmerent Crafts are yapping

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Speaker 8: about affordability right now. As soon as January, February March

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Speaker 8: comes and people see there's way more money in their

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Speaker 8: wallet their pocketbook and less money being taken out of

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Speaker 8: their taxes, this talking point is going to go away.

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Speaker 8: The other thing I'd like to say is I'd like

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Speaker 8: to quit calling this the Affordable Care Act. Anything that

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Speaker 8: has to be subsidized at the point that it has

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Speaker 8: to be, it's not affordable. And why are we sub

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Speaker 8: I think couples insurance with up making six hundred thousand

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Speaker 8: dollars a year, I would think that they would be

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Speaker 8: able to do for their own bills.

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Speaker 1: Dana, it's about as well named as the inflation Reduction act. Yeah, yeah,

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Speaker 1: And even a Biden later on admitted that most of

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Speaker 1: the money I went towards combating so called climate change.

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Speaker 1: But you're right. That's why later on the show, we're

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Speaker 1: going to talk to an investment guru. I've told young people,

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Speaker 1: please get into the stock market. Invest in America. We

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Speaker 1: have ai revolution coming. It's going to make things a

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Speaker 1: lot more efficient, going to make people a lot more productive,

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Speaker 1: self driving cars, going to give people a lot more

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Speaker 1: spare time, robotics, things that are happening in the economy,

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Speaker 1: in the world are truly truly exciting. And if you're

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Speaker 1: a young person and you're not in the stock market,

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Speaker 1: you're missing out. You're not investing in the country. That

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Speaker 1: means you don't believe in yourself. And I told you

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Speaker 1: about the time I met all these young marines at

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Speaker 1: Camp Pendleton here in California. There was a ceremony put

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Speaker 1: on by Dana Robaker from my father who was posthumously

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Speaker 1: receiving a Congressional gold medal as a Monfret point marine.

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Speaker 1: Something around a table having a meal with these marines,

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Speaker 1: and I said, how many of you have money in

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Speaker 1: the stock market. There were twelve of them. None did,

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Speaker 1: I said, you kidding me, and they're all in their

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Speaker 1: early twenties. I said, you should take ten percent of

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Speaker 1: your paycheck and put it in the stock market. Every

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Speaker 1: paycheck you have. You can easily engineer your life so

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Speaker 1: that you can survive with a ten percent reduction in

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Speaker 1: your income and put that money in the stock market.

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Speaker 1: And then you get my age. You're going to have

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Speaker 1: a substantial seven figure portfolio. And when you do call me,

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Speaker 1: I'll be one hundred and forty years old. But you

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Speaker 1: call me and you say, mister Eller, you were right.

435
00:25:41,080 --> 00:25:43,520
Speaker 1: I even gave them a list of stocks I would

436
00:25:43,520 --> 00:25:45,880
Speaker 1: recommend that they purchase. Now, I'm not sure how many

437
00:25:45,920 --> 00:25:47,440
Speaker 1: of them did it, and I never followed it up,

438
00:25:47,760 --> 00:25:49,919
Speaker 1: but I said, probably one of you will listen to me,

439
00:25:50,000 --> 00:25:53,320
Speaker 1: maybe two. The rest of you won't, and that's because

440
00:25:53,359 --> 00:25:57,040
Speaker 1: you don't understand the economic engine known as the United

441
00:25:57,119 --> 00:26:00,600
Speaker 1: States of America and something called compound interest, and be

442
00:26:00,680 --> 00:26:04,000
Speaker 1: sure to reinvest your diffidends SoSE your money will make

443
00:26:04,080 --> 00:26:06,879
Speaker 1: money on the money. We'll find out how many of

444
00:26:06,880 --> 00:26:10,800
Speaker 1: them did it. So I'm saying all this because Dana

445
00:26:10,880 --> 00:26:14,920
Speaker 1: is right. The economy right now is poised to take

446
00:26:15,000 --> 00:26:17,959
Speaker 1: off much of the things in the so called big

447
00:26:18,000 --> 00:26:20,240
Speaker 1: Beautiful Bill don't kick off, don't kick in until the

448
00:26:20,280 --> 00:26:24,439
Speaker 1: beginning of the year, and no tax on tips, no

449
00:26:24,560 --> 00:26:28,320
Speaker 1: tax on overtime, tax breaks for people on Social Security,

450
00:26:28,960 --> 00:26:33,119
Speaker 1: being able to expense investments for businesses. Are you kidding me?

451
00:26:34,080 --> 00:26:37,680
Speaker 1: This is going to be stupendous and the borders being

452
00:26:37,680 --> 00:26:40,320
Speaker 1: secured will also have a big economic boom as well.

453
00:26:41,040 --> 00:26:48,440
Speaker 1: All of this means, get ready, I'm Lario.

454
00:26:51,560 --> 00:26:55,240
Speaker 9: We are now seeing reverse migration as migrants go back home,

455
00:26:55,680 --> 00:26:59,440
Speaker 9: leaving more housing and more jobs for Americans. In the

456
00:26:59,520 --> 00:27:03,720
Speaker 9: year before my election, all net creation of jobs was

457
00:27:03,840 --> 00:27:08,560
Speaker 9: going to foreign migrants. Since I took office, one hundred

458
00:27:08,640 --> 00:27:13,680
Speaker 9: percent of all net job creation has gone to American

459
00:27:14,080 --> 00:27:16,960
Speaker 9: born citizens, one hundred percent.

460
00:27:17,760 --> 00:27:19,960
Speaker 3: In the end, government either.

461
00:27:19,800 --> 00:27:24,439
Speaker 9: Serves the productive, patriotic, hardworking American citizen, or it serves

462
00:27:24,480 --> 00:27:28,320
Speaker 9: those who break the laws, cheat the system, and seek

463
00:27:28,359 --> 00:27:31,560
Speaker 9: power and profit at the expense of our nation.

464
00:27:33,600 --> 00:27:36,840
Speaker 1: Triple late nine seven one sage triple eight nine seven

465
00:27:36,920 --> 00:27:39,119
Speaker 1: one seven two four to three. I am Larry Elder.

466
00:27:39,400 --> 00:27:41,919
Speaker 1: We are a saleing news channel and we're come to

467
00:27:41,920 --> 00:27:44,120
Speaker 1: you from the Relief Factor Studio. Do not forget your

468
00:27:44,119 --> 00:27:47,359
Speaker 1: relief factor eight hundred four relief eight hundred four relief

469
00:27:47,359 --> 00:27:53,760
Speaker 1: reliefactor dot com. That's relief factor dot com. See, Democrats

470
00:27:53,760 --> 00:27:57,320
Speaker 1: are in a very very awkward position. They really wish

471
00:27:57,359 --> 00:27:59,399
Speaker 1: they could fast forward what's going on right now to

472
00:27:59,440 --> 00:28:01,920
Speaker 1: the day before or the midterms, so they could say

473
00:28:01,960 --> 00:28:05,520
Speaker 1: that Donald Trump took a sledgehammer to the economy, messed

474
00:28:05,560 --> 00:28:08,280
Speaker 1: everything up, so now you need Democrats in charge to

475
00:28:08,280 --> 00:28:11,560
Speaker 1: stop his agender for the next two years. The bad

476
00:28:11,640 --> 00:28:14,560
Speaker 1: news is that all this stuff is going to kick in.

477
00:28:15,920 --> 00:28:20,080
Speaker 1: And I'm old enough to remember Reagan comes in and

478
00:28:20,119 --> 00:28:23,960
Speaker 1: he cuts taxes, cuts regulations, slows down the rate of

479
00:28:23,960 --> 00:28:27,280
Speaker 1: government spending, as I explained to mister Smiley, But it

480
00:28:27,280 --> 00:28:32,040
Speaker 1: took a while. There was doom, there was gloom. You

481
00:28:32,080 --> 00:28:38,320
Speaker 1: know what Reagan did, He stayed the course. And that's

482
00:28:38,320 --> 00:28:42,960
Speaker 1: exactly what Trump it's going to do. Stay the course.

483
00:28:43,200 --> 00:28:47,920
Speaker 1: How can it not get better? If Milt Freedman is right,

484
00:28:48,240 --> 00:28:50,360
Speaker 1: there are four ways of spending money for the most

485
00:28:50,360 --> 00:28:53,720
Speaker 1: efficient to the least efficient, least deficient. The least deficient

486
00:28:53,760 --> 00:28:58,040
Speaker 1: is somebody else's money on somebody else, and Trump is

487
00:28:58,080 --> 00:29:02,920
Speaker 1: doing something about that. Those did not meet its grand deals. Predictions,

488
00:29:03,600 --> 00:29:05,880
Speaker 1: but it still cut a substantial amount of spending from

489
00:29:05,880 --> 00:29:09,360
Speaker 1: the federal government, and the number of people employed by

490
00:29:09,360 --> 00:29:13,200
Speaker 1: the federal government has not been this low and ten years.

491
00:29:13,960 --> 00:29:18,640
Speaker 1: How can that not have a benefit? How can putting

492
00:29:18,640 --> 00:29:20,360
Speaker 1: more money in the pockets of the American people with

493
00:29:20,400 --> 00:29:24,920
Speaker 1: no tax on tips, no tax on Social Security, tax

494
00:29:24,920 --> 00:29:27,920
Speaker 1: breaks for people on Social Security. How can that not

495
00:29:28,000 --> 00:29:31,720
Speaker 1: be beneficial? How could it not be beneficial to extend

496
00:29:31,760 --> 00:29:36,760
Speaker 1: the Trump tax cuts. How could it not be beneficial

497
00:29:37,640 --> 00:29:42,240
Speaker 1: to expense right away capital investments if you're running a business.

498
00:29:44,760 --> 00:29:48,920
Speaker 1: How can it not be beneficial to stop illegal aliens from

499
00:29:48,920 --> 00:29:53,080
Speaker 1: coming into the country A large percentage of them getting

500
00:29:53,520 --> 00:29:59,760
Speaker 1: benefits that taxpayers paid for, including health care, the emergency room,

501
00:30:00,440 --> 00:30:04,240
Speaker 1: education K through twelve if they bring children. Because by law,

502
00:30:04,320 --> 00:30:09,040
Speaker 1: schools cannot ask about your immigration status and cannot forbid

503
00:30:09,080 --> 00:30:11,840
Speaker 1: you to enroll because of your immigration status. All this

504
00:30:12,160 --> 00:30:15,640
Speaker 1: is expensive, and most illegal aliens have little or no education,

505
00:30:16,480 --> 00:30:19,600
Speaker 1: which means they compete against people in America who have

506
00:30:19,680 --> 00:30:22,440
Speaker 1: high schooled or less. How can this not be beneficial?

507
00:30:23,800 --> 00:30:27,560
Speaker 1: It will be getting rid of the mandates for evs.

508
00:30:28,280 --> 00:30:33,760
Speaker 1: Ford General Motor lost money for every EV they sold.

509
00:30:34,120 --> 00:30:37,840
Speaker 1: The ev manufacture that's doing well making money is Tesla.

510
00:30:40,360 --> 00:30:44,120
Speaker 1: How can this not be beneficial? How can it not

511
00:30:44,160 --> 00:30:48,040
Speaker 1: be beneficial for countries that impose tariffs on our goods

512
00:30:48,160 --> 00:30:50,760
Speaker 1: to lower those terrorists for fear that we're going to retaliate.

513
00:30:51,880 --> 00:30:55,680
Speaker 1: How can it not be beneficial for countries with industries

514
00:30:55,720 --> 00:30:57,680
Speaker 1: to put them in America to avoid the terriffs. How

515
00:30:57,680 --> 00:31:01,400
Speaker 1: can that not be beneficial? It's going to be. And

516
00:31:01,480 --> 00:31:06,800
Speaker 1: Democrats better hope that this economy does not take off

517
00:31:06,840 --> 00:31:10,600
Speaker 1: like a rocket ship as I suggested. Will we may

518
00:31:10,600 --> 00:31:13,120
Speaker 1: be having quarters where there's five percent GDP growth, six

519
00:31:13,160 --> 00:31:17,200
Speaker 1: percent gat growth, as what's happened during the Reagan administration.

520
00:31:18,120 --> 00:31:21,080
Speaker 1: So if you're on the left and you hate Donald Trump,

521
00:31:21,280 --> 00:31:24,880
Speaker 1: you're literally in the position of hoping the economy does poorly,

522
00:31:25,280 --> 00:31:29,760
Speaker 1: hoping your fellow Americans do not prosper, hoping people don't

523
00:31:29,760 --> 00:31:32,920
Speaker 1: get ahead, because after all, Donald Trump is a fashion

524
00:31:32,960 --> 00:31:34,720
Speaker 1: and a Nazi and a Hitler and a tyrant, and

525
00:31:34,760 --> 00:31:36,400
Speaker 1: therefore you don't want him to have two more years.

526
00:31:36,920 --> 00:31:38,800
Speaker 1: What a remarkable position to be in if you're a

527
00:31:38,880 --> 00:31:42,120
Speaker 1: Democrat number thirty two.

528
00:31:45,520 --> 00:31:48,280
Speaker 9: And after just one year we have achieved more than

529
00:31:48,320 --> 00:31:51,800
Speaker 9: anyone could have imagined. Starting on day one, I took

530
00:31:52,040 --> 00:31:55,360
Speaker 9: immediate action to stop the invasion of our southern border.

531
00:31:55,880 --> 00:31:59,000
Speaker 9: For the past seven months, zero illegal aliens have been

532
00:31:59,040 --> 00:32:04,280
Speaker 9: allowed into our country, which everyone said was absolutely impossible.

533
00:32:05,000 --> 00:32:07,640
Speaker 9: Do you remember when Joe Biden said that he needed

534
00:32:07,680 --> 00:32:11,640
Speaker 9: Congress to pass legislation to help close the border. He

535
00:32:11,800 --> 00:32:15,560
Speaker 9: was always blaming Congress and everyone else. As it turned out,

536
00:32:16,040 --> 00:32:18,080
Speaker 9: we didn't need legislation.

537
00:32:17,720 --> 00:32:19,440
Speaker 3: We just needed a new president.

538
00:32:20,240 --> 00:32:23,200
Speaker 9: We inherited the worst border anywhere in the world, and

539
00:32:23,240 --> 00:32:26,600
Speaker 9: we quickly turned it into the strongest border in the

540
00:32:26,640 --> 00:32:27,680
Speaker 9: history of our country.

541
00:32:27,840 --> 00:32:30,880
Speaker 3: In other words, in a few short months, we.

542
00:32:30,760 --> 00:32:36,200
Speaker 9: Went from worst to best with deporting criminals restoring safety

543
00:32:36,240 --> 00:32:39,960
Speaker 9: to our most dangerous cities. Just take a look at Washington,

544
00:32:40,080 --> 00:32:44,640
Speaker 9: d C. It's at levels of safety that we've never

545
00:32:44,680 --> 00:32:45,480
Speaker 9: seen before.

546
00:32:47,000 --> 00:32:51,800
Speaker 1: And again, where's the love for that? Trump controversially deployed

547
00:32:51,920 --> 00:32:56,000
Speaker 1: National Guard to Washington, DC, and within a short period

548
00:32:56,040 --> 00:33:00,280
Speaker 1: of time, even by the admission of the DC mayor,

549
00:33:00,280 --> 00:33:04,960
Speaker 1: who's a Democrat and not a Trump fan, comminicides declined dramatically,

550
00:33:05,400 --> 00:33:09,960
Speaker 1: carjackings decline dramatically, and it didn't take long. Is anybody

551
00:33:09,960 --> 00:33:13,600
Speaker 1: talking about crime now in DC? Anybody talking about that.

552
00:33:15,480 --> 00:33:21,160
Speaker 1: Mom's the word. Let's talk about Kilmar Abragio Garcia. All

553
00:33:21,200 --> 00:33:23,680
Speaker 1: of a sudden, the Democrats have a new hero, and

554
00:33:23,720 --> 00:33:31,480
Speaker 1: the hero are Venezuelan narco traffickers on boats. By the way,

555
00:33:31,520 --> 00:33:37,920
Speaker 1: Kamala Harris, having a friendly interview on the Jimmy Kimmel Show,

556
00:33:38,920 --> 00:33:43,520
Speaker 1: was asked about the Epstein files, and she said, well,

557
00:33:43,720 --> 00:33:48,960
Speaker 1: we were absolutely right not to pressure the DOJ into

558
00:33:49,000 --> 00:33:52,360
Speaker 1: releasing the Epstein files because we believe in independent DOJ.

559
00:33:53,560 --> 00:33:55,440
Speaker 1: I mean the same independent DJ that engaged in the

560
00:33:55,520 --> 00:34:01,960
Speaker 1: lawfair against Donald Trump. None of these cases, not the

561
00:34:02,000 --> 00:34:05,960
Speaker 1: Document's case, not the January sixth, so called insurrection case,

562
00:34:06,400 --> 00:34:09,319
Speaker 1: not the Fondie Lewis case, none of these things have

563
00:34:09,440 --> 00:34:12,640
Speaker 1: borne any fruit. But hey, we kept our hands off

564
00:34:12,640 --> 00:34:17,319
Speaker 1: the DOJ. Never mind all the revelations showing that the

565
00:34:17,920 --> 00:34:22,320
Speaker 1: Biden administration all of a sudden ignored the intel agents.

566
00:34:22,400 --> 00:34:24,560
Speaker 1: FBI agents had said, there's no real evidence that they're

567
00:34:24,600 --> 00:34:28,040
Speaker 1: Russians are trying to get Trump elected, But hey, we

568
00:34:28,120 --> 00:34:32,239
Speaker 1: kept our hands off. Relief Factor loves hearing from pain

569
00:34:32,280 --> 00:34:34,560
Speaker 1: free customers and hopes we can help you.

570
00:34:34,680 --> 00:34:34,960
Speaker 10: Next.

571
00:34:35,520 --> 00:34:39,400
Speaker 1: Here's what Bill says, I've been crawling under sinks and

572
00:34:39,440 --> 00:34:42,759
Speaker 1: working long hours for decades. My back and knees took

573
00:34:42,800 --> 00:34:45,640
Speaker 1: the punishment. I thought pain was just part of the trade,

574
00:34:46,120 --> 00:34:49,040
Speaker 1: but Relief Factors surprised me. Within weeks, I was working

575
00:34:49,040 --> 00:34:51,480
Speaker 1: without wincing. I could get down on the floor and

576
00:34:51,520 --> 00:34:55,000
Speaker 1: get back up again without thinking twice. End of quote.

577
00:34:55,520 --> 00:34:57,360
Speaker 1: Bill knows a thing or two about hard work. He

578
00:34:57,400 --> 00:34:59,759
Speaker 1: knows pipes, he knows tools, he knows long days in

579
00:34:59,800 --> 00:35:02,080
Speaker 1: the job. What he didn't know is how good life

580
00:35:02,120 --> 00:35:05,279
Speaker 1: feels when pain stops tagging along. Relief Factor didn't just

581
00:35:05,400 --> 00:35:10,080
Speaker 1: change Bill's trade, it changed his tomorrow. I've told you

582
00:35:10,120 --> 00:35:12,400
Speaker 1: about Kirk having difficulty going up and down the stairs

583
00:35:12,440 --> 00:35:15,040
Speaker 1: in the morning. After two weeks of Relief Factor, he

584
00:35:15,080 --> 00:35:17,959
Speaker 1: calls and says, this is working. Relief Factors one hundred

585
00:35:17,960 --> 00:35:21,319
Speaker 1: percent drug free targets the information that causes pain, so

586
00:35:21,360 --> 00:35:24,360
Speaker 1: you can move better, feel better, enjoyed life again. Relief

587
00:35:24,400 --> 00:35:28,360
Speaker 1: Factor dot com, Reliefactor dot com eight hundred four relief

588
00:35:28,600 --> 00:35:30,600
Speaker 1: eight hundred the number four relief.

589
00:35:31,840 --> 00:35:41,880
Speaker 11: Ah time, Hey, Larry, Yeah, it's amazing they can charge

590
00:35:41,960 --> 00:35:47,080
Speaker 11: President Trump with a war crime when they all took

591
00:35:47,080 --> 00:35:54,400
Speaker 11: an oath to protect us from enemies. Both foreign and domestic.

592
00:35:55,960 --> 00:35:59,799
Speaker 11: And if they can't clearly see he's set in all

593
00:35:59,840 --> 00:36:04,640
Speaker 11: the are our enemies willing to kill our kids for

594
00:36:04,719 --> 00:36:08,200
Speaker 11: a dollar, then they're weak and they need to quit

595
00:36:08,280 --> 00:36:12,680
Speaker 11: their jobs and go to church and pray, and need

596
00:36:12,680 --> 00:36:19,759
Speaker 11: to get out of office and abdicate the rights that

597
00:36:20,760 --> 00:36:24,160
Speaker 11: when they put up their right hand and said they

598
00:36:24,200 --> 00:36:28,200
Speaker 11: will protect us, we need to abdicate that right because

599
00:36:28,200 --> 00:36:31,799
Speaker 11: they're they're proven themselves they will not protect us.

600
00:36:33,080 --> 00:36:36,239
Speaker 1: Triple eight nine seventy one Sage Triple eight nine seven

601
00:36:36,320 --> 00:36:39,680
Speaker 1: one seven two four to three Larry Elder Salem News Channel.

602
00:36:40,800 --> 00:36:44,520
Speaker 1: Candice owned clash with Perece Morgan over her speculation about

603
00:36:44,600 --> 00:36:49,239
Speaker 1: the assassination of Charlie Kirk. The House Judiciary Committee held

604
00:36:49,239 --> 00:36:52,560
Speaker 1: hearings on why the Southern Poverty Law Center listed Turning

605
00:36:52,600 --> 00:36:55,879
Speaker 1: Point USA and focus on the family on its hate map.

606
00:36:57,520 --> 00:37:01,600
Speaker 1: Fannie Lewis's boyfriend, Slashing death de Gator build for one

607
00:37:01,680 --> 00:37:04,680
Speaker 1: hundred and sixty hours a week. That works out to

608
00:37:04,719 --> 00:37:07,399
Speaker 1: twenty two hours a day, and he build at two

609
00:37:07,480 --> 00:37:10,080
Speaker 1: hundred and fifty bucks an hour, so that's two million

610
00:37:10,160 --> 00:37:12,960
Speaker 1: dollars over the course of the year. And when cross

611
00:37:13,000 --> 00:37:17,560
Speaker 1: examined about this Fannie Lewis played the race card and

612
00:37:17,640 --> 00:37:20,920
Speaker 1: more on Trump's fiery speech last night about the economy

613
00:37:21,160 --> 00:37:24,919
Speaker 1: affordability in its first ten months. Marty is in Denver. Marty,

614
00:37:24,960 --> 00:37:26,440
Speaker 1: you're on the LARRYO to show, thank you so much

615
00:37:26,440 --> 00:37:26,840
Speaker 1: for calling.

616
00:37:28,680 --> 00:37:30,960
Speaker 12: Larry's so going to be with you calling in as

617
00:37:31,000 --> 00:37:33,960
Speaker 12: a three time Trump voter. So I preface with that

618
00:37:34,320 --> 00:37:37,960
Speaker 12: is that last night not going to cut not good enough.

619
00:37:38,239 --> 00:37:41,239
Speaker 12: The nice gift of the soldiers, that's wonderful. Okay, that'll

620
00:37:41,280 --> 00:37:43,319
Speaker 12: stretch them a little bit. But there's other groups that

621
00:37:43,360 --> 00:37:46,560
Speaker 12: are in need. I heard discounts, the seniors on their

622
00:37:46,640 --> 00:37:50,960
Speaker 12: drugs and those that are life dependent on prescription drugs.

623
00:37:51,120 --> 00:37:53,120
Speaker 12: We've got to get to the bulk, the seventy five

624
00:37:53,160 --> 00:37:56,080
Speaker 12: percent that make this country go, Larry, that are suffocating

625
00:37:56,120 --> 00:38:00,160
Speaker 12: in inflation. They've been betrayed on the arrests, the relief pie.

626
00:38:00,680 --> 00:38:02,879
Speaker 12: We're not getting any meat on these bones. And I'm

627
00:38:02,920 --> 00:38:04,880
Speaker 12: saying that there is a lot on the line for

628
00:38:05,000 --> 00:38:07,759
Speaker 12: President Trump out of the gate in twenty twenty six.

629
00:38:08,680 --> 00:38:11,720
Speaker 12: The time is ticking very close to the next election

630
00:38:11,880 --> 00:38:14,160
Speaker 12: season and the stakes are all on the table. Larry,

631
00:38:14,200 --> 00:38:18,440
Speaker 12: if he doesn't win majority in House and Senate. You know,

632
00:38:18,480 --> 00:38:21,480
Speaker 12: he's impeached and now we're worried about will he finishes term,

633
00:38:21,560 --> 00:38:23,839
Speaker 12: whether the justification is there or not. You know, that's

634
00:38:23,880 --> 00:38:26,600
Speaker 12: what they're doing. They're coming for blood. So Larry, where

635
00:38:26,600 --> 00:38:28,880
Speaker 12: does that blue collar guy, where does he get reliefed?

636
00:38:28,920 --> 00:38:31,440
Speaker 12: Coming soon? Because the lower eggs that's not going to

637
00:38:31,480 --> 00:38:32,520
Speaker 12: cut it.

638
00:38:32,320 --> 00:38:36,440
Speaker 1: We Marty, I don't disagree with anything you said. The

639
00:38:36,480 --> 00:38:39,919
Speaker 1: original sin is I will lower prices on day one.

640
00:38:39,960 --> 00:38:42,640
Speaker 1: Who can do that? Who can do that? It's about

641
00:38:42,960 --> 00:38:46,279
Speaker 1: managing expectations. And as people have said before, America is

642
00:38:46,320 --> 00:38:49,239
Speaker 1: a big aircraft. It doesn't turn on a dime like

643
00:38:49,280 --> 00:38:51,680
Speaker 1: a jet ski. But it's going to come. It's going

644
00:38:51,719 --> 00:38:54,479
Speaker 1: to come well in time for the midterms. I'm Larry Older,

645
00:39:01,480 --> 00:39:12,400
Speaker 1: so let's get her teed up. SUBDG triple ate nine

646
00:39:12,440 --> 00:39:15,160
Speaker 1: seven one s A G E triple eate nine seven

647
00:39:15,239 --> 00:39:18,319
Speaker 1: one seven two four to three. Larry Elder, Salem News Channel,

648
00:39:18,360 --> 00:39:21,320
Speaker 1: So what did you think you saw President's Trump's speech

649
00:39:21,400 --> 00:39:25,759
Speaker 1: last night? Twenty minutes very fiery, defended his record, talked

650
00:39:25,760 --> 00:39:30,759
Speaker 1: about the future, talked about the first ten months, and

651
00:39:30,840 --> 00:39:34,239
Speaker 1: says we're poised for a economy that's going to take

652
00:39:34,280 --> 00:39:38,440
Speaker 1: off like nobody's business. Now. I know he's prone to puffery,

653
00:39:39,239 --> 00:39:42,959
Speaker 1: prone to exaggerate. He said prices were down, They're not down.

654
00:39:43,760 --> 00:39:48,000
Speaker 1: Inflation is gone, it's not gone. But he's absolutely right

655
00:39:49,120 --> 00:39:53,080
Speaker 1: about the future of this economy. Over the next several months,

656
00:39:53,120 --> 00:39:56,000
Speaker 1: well before the midterms, it's going to kick in. So

657
00:39:56,040 --> 00:39:57,920
Speaker 1: if the issue is still affordability, and by the way,

658
00:39:57,920 --> 00:40:01,439
Speaker 1: once this happens, believe me, BC, ABC, CBS will stop

659
00:40:01,440 --> 00:40:05,760
Speaker 1: talking about affordability and they'll find something else to talk about.

660
00:40:06,160 --> 00:40:12,040
Speaker 1: That's how they roll. Kamala Harris is making noises about

661
00:40:12,120 --> 00:40:16,120
Speaker 1: running in twenty twenty eight, and here's her analysis of

662
00:40:16,160 --> 00:40:21,320
Speaker 1: why Democrats are at a record low in Congress eighteen

663
00:40:21,360 --> 00:40:25,240
Speaker 1: percent approval rating. The Republicans have nothing to write about

664
00:40:25,560 --> 00:40:28,320
Speaker 1: thirty five percent, but it's much better than eighteen percent.

665
00:40:28,760 --> 00:40:32,920
Speaker 1: Here's Kamala Harris's analysis of why it is that Democrats

666
00:40:32,960 --> 00:40:35,000
Speaker 1: are so unpopular number twenty five.

667
00:40:36,080 --> 00:40:39,080
Speaker 13: I think, I think that they are in many there

668
00:40:39,120 --> 00:40:43,840
Speaker 13: in some ways, we are very much stuck in the past,

669
00:40:45,640 --> 00:40:48,600
Speaker 13: and so we're not speaking in a way that sounds

670
00:40:48,760 --> 00:40:53,840
Speaker 13: authentic or relatable or just relevant. There is a lot

671
00:40:53,920 --> 00:40:59,000
Speaker 13: that we need to do that is about recognizing we

672
00:40:59,040 --> 00:41:01,480
Speaker 13: give a lot of lips is to listening to the people,

673
00:41:02,840 --> 00:41:05,560
Speaker 13: But are we really listening to the people.

674
00:41:07,440 --> 00:41:13,960
Speaker 1: What does that even mean? Are we listening to the people?

675
00:41:14,840 --> 00:41:19,000
Speaker 1: What does that even mean? We give lip service, but

676
00:41:19,560 --> 00:41:24,759
Speaker 1: we're not being authentic. I'm not looking for a fishing buddy.

677
00:41:25,000 --> 00:41:29,239
Speaker 1: I'm not looking for somebody to go bowling with. I'm

678
00:41:29,239 --> 00:41:33,359
Speaker 1: looking for somebody that understands the best economy is one

679
00:41:33,400 --> 00:41:35,840
Speaker 1: where you leave more money in the pockets of the

680
00:41:35,880 --> 00:41:39,960
Speaker 1: American people, where you get the regulators off the backs

681
00:41:40,000 --> 00:41:43,520
Speaker 1: of the American people and get out of the way.

682
00:41:43,719 --> 00:41:49,120
Speaker 1: That's what I want. I have my own friends. In

683
00:41:49,120 --> 00:41:50,960
Speaker 1: some ways, we're not listening to the people. What are you

684
00:41:50,960 --> 00:41:57,840
Speaker 1: really talking about? It's not complicated. Democrats have a track record.

685
00:41:59,000 --> 00:42:04,759
Speaker 1: As I mentioned last hour, the recovery that Obama oversaw

686
00:42:05,160 --> 00:42:08,120
Speaker 1: was the first time there was a recovery since nineteen

687
00:42:08,239 --> 00:42:11,000
Speaker 1: forty where we didn't have at least one year with

688
00:42:11,080 --> 00:42:14,440
Speaker 1: three percent GDP. Because he did the opposite of what

689
00:42:14,520 --> 00:42:19,600
Speaker 1: Reagan did. Reagan cut taxes, Obama raised him and of

690
00:42:19,640 --> 00:42:23,480
Speaker 1: course foisted this brand new entitlement program known as Obamacare

691
00:42:23,600 --> 00:42:26,680
Speaker 1: down the throats of the American people. I told you then,

692
00:42:26,760 --> 00:42:29,520
Speaker 1: and I wrote then, I said, this is a taking time, Bob.

693
00:42:30,719 --> 00:42:33,080
Speaker 1: They frontloadered the things so it doesn't look as expensive

694
00:42:33,080 --> 00:42:35,920
Speaker 1: as it is. But when these somebodies run out, and

695
00:42:35,960 --> 00:42:39,120
Speaker 1: based on the way they plan this, they will and

696
00:42:39,239 --> 00:42:42,160
Speaker 1: a certain number of people will now be addicted to Obamacare.

697
00:42:42,480 --> 00:42:45,319
Speaker 1: They'll yell and scream if it's taken away, and then

698
00:42:45,360 --> 00:42:47,319
Speaker 1: the pressure will be on to finish the job, which

699
00:42:47,360 --> 00:42:54,280
Speaker 1: is single pair, which is exactly what they want. Here's

700
00:42:54,320 --> 00:42:56,840
Speaker 1: a New York Congressman named La Looda talking about this

701
00:42:56,920 --> 00:42:57,640
Speaker 1: number twenty.

702
00:42:57,480 --> 00:43:02,600
Speaker 14: Three friends and colleagues did so this morning.

703
00:43:02,880 --> 00:43:05,560
Speaker 15: So it doesn't sound like the extension of the Obamacare

704
00:43:05,560 --> 00:43:09,320
Speaker 15: subsidies that vote is going to happen before the subsidies

705
00:43:09,360 --> 00:43:12,279
Speaker 15: expire at the very end of the month. Do you

706
00:43:12,360 --> 00:43:16,560
Speaker 15: think that Congress has failed the American people. We have

707
00:43:16,640 --> 00:43:19,280
Speaker 15: been covering this issue for months and months and months.

708
00:43:19,280 --> 00:43:23,080
Speaker 15: This deadline was not a secret, and now Christmas is

709
00:43:23,120 --> 00:43:25,800
Speaker 15: coming and members of Congress are going to go home

710
00:43:26,400 --> 00:43:28,560
Speaker 15: and a lot of Americans, twenty four million, are going

711
00:43:28,600 --> 00:43:30,440
Speaker 15: to lose these subsidies, and many of them are not

712
00:43:30,440 --> 00:43:31,840
Speaker 15: going to be able to afford health insurance.

713
00:43:33,560 --> 00:43:35,600
Speaker 14: Yeah, A police chief with whom I used to work,

714
00:43:35,719 --> 00:43:38,120
Speaker 14: used to say, if it's predictable, it's preventable.

715
00:43:38,680 --> 00:43:40,839
Speaker 10: This issue was absolutely predictable.

716
00:43:40,880 --> 00:43:43,880
Speaker 14: The expery of these tax credits were in fact predictable

717
00:43:43,920 --> 00:43:46,840
Speaker 14: by all four and thirty five members of Congress. But

718
00:43:47,080 --> 00:43:49,520
Speaker 14: when three years ago when Democrats passed them, they were

719
00:43:49,560 --> 00:43:52,240
Speaker 14: called temporary and pandemic related.

720
00:43:52,239 --> 00:43:53,839
Speaker 10: They are always meant to be just that.

721
00:43:54,200 --> 00:43:58,759
Speaker 14: However, a lot of Americans, innocent people acting reasonably tendatives

722
00:43:58,800 --> 00:43:59,719
Speaker 14: start to rely on.

723
00:43:59,719 --> 00:44:04,200
Speaker 10: Them, but they tend to mask the underlying issues with Obamacare.

724
00:44:04,239 --> 00:44:07,840
Speaker 14: And if you go back fifteen years ago when Obamacare

725
00:44:07,960 --> 00:44:12,880
Speaker 14: was passed, now you have premiums rising sixty percent faster

726
00:44:13,000 --> 00:44:17,440
Speaker 14: than inflation. One in three families claims are denied, all

727
00:44:17,520 --> 00:44:21,239
Speaker 14: while insurance companies are making a gazillion dollars off of

728
00:44:21,280 --> 00:44:25,759
Speaker 14: the backs of taxpayers. There are some inherent flaws in Obamacare,

729
00:44:25,800 --> 00:44:28,719
Speaker 14: and I think it's up to both parties to address

730
00:44:28,800 --> 00:44:31,399
Speaker 14: those flaws. Like I said, Republicans are going to vote

731
00:44:31,400 --> 00:44:34,040
Speaker 14: in a Republican built tonight that tends to address some

732
00:44:34,080 --> 00:44:36,680
Speaker 14: of the longer term issues, but Congress also needs to

733
00:44:36,680 --> 00:44:39,480
Speaker 14: attack the shorter term issues that relate to the expiry

734
00:44:39,560 --> 00:44:40,480
Speaker 14: of these tax credits.

735
00:44:40,520 --> 00:44:44,560
Speaker 15: You told my colleagues Mani Raju that Speaker Johnson needs

736
00:44:44,600 --> 00:44:45,320
Speaker 15: to do better.

737
00:44:45,800 --> 00:44:46,360
Speaker 12: Do you think.

738
00:44:51,239 --> 00:44:57,680
Speaker 1: The bottom line is healthcare is a commodity like anything else,

739
00:44:58,280 --> 00:45:03,960
Speaker 1: and more competition. The cheaper the prices, the better the quality,

740
00:45:04,239 --> 00:45:08,960
Speaker 1: the greater the innovation, the greater the accessibility. Democrats start

741
00:45:08,960 --> 00:45:12,719
Speaker 1: from a premise that health care is a right, which

742
00:45:12,760 --> 00:45:15,440
Speaker 1: means a right that should be paid for by other people.

743
00:45:18,680 --> 00:45:23,480
Speaker 1: I mentioned this yesterday. Years ago, the head of the

744
00:45:23,480 --> 00:45:27,759
Speaker 1: Canadian Medical Association, which is equivalent of our American Medical Association,

745
00:45:28,920 --> 00:45:32,040
Speaker 1: said that our system in Canada, which is single payer,

746
00:45:32,520 --> 00:45:37,440
Speaker 1: is imploding. That's the verbs she used, not Larry Elder, imploding.

747
00:45:38,560 --> 00:45:43,960
Speaker 1: And the answer she said is more competition. The Democrats

748
00:45:44,000 --> 00:45:49,200
Speaker 1: believe the solution is the opposite, less competition, more government involvement.

749
00:45:50,880 --> 00:45:54,960
Speaker 1: How many times did Obama say before he became president

750
00:45:55,000 --> 00:45:57,760
Speaker 1: and during his presidency, if I were starting from scratch,

751
00:45:57,920 --> 00:45:59,960
Speaker 1: which is how he phrased it, I would have seen

752
00:46:00,600 --> 00:46:07,799
Speaker 1: which is what they have up north. But Democrats do

753
00:46:07,920 --> 00:46:12,120
Speaker 1: not see the world that way. They see the world

754
00:46:12,200 --> 00:46:19,440
Speaker 1: very differently, which is why they need to be defeated.

755
00:46:22,840 --> 00:46:31,120
Speaker 1: Trump talked about the corruption, politicians ripping off taxpayers. Listen

756
00:46:31,160 --> 00:46:32,960
Speaker 1: to this about Minnesota Number seven.

757
00:46:36,520 --> 00:46:39,319
Speaker 16: So Molly community in Minnesota has been in the news

758
00:46:39,360 --> 00:46:42,720
Speaker 16: recently because of a massive federal fraud case and heated

759
00:46:42,760 --> 00:46:44,760
Speaker 16: political rhetoric from President Trump.

760
00:46:45,480 --> 00:46:48,879
Speaker 17: Joanah Kaplan of CBS News Minnesota has an exclusive look

761
00:46:49,000 --> 00:46:54,000
Speaker 17: now at how fraudster spent hundreds of millions in taxpayer dollars.

762
00:46:55,960 --> 00:46:59,440
Speaker 18: A honeymoon in the Maldives, a fleet of luxury cars.

763
00:47:00,040 --> 00:47:02,600
Speaker 18: Here's a box with more than two hundred seventy thousand

764
00:47:02,640 --> 00:47:06,000
Speaker 18: dollars in cash. This was all evidence from a Neutrova

765
00:47:06,080 --> 00:47:10,239
Speaker 18: files obtained exclusively by CBS News showing how a group

766
00:47:10,280 --> 00:47:15,840
Speaker 18: of convicted Minnesota fraudsters spent taxpayer dollars. One text message reads,

767
00:47:16,080 --> 00:47:18,640
Speaker 18: you are going to be the richest twenty five year old.

768
00:47:19,080 --> 00:47:22,440
Speaker 19: We're not even at the end of the beginning of

769
00:47:22,480 --> 00:47:25,560
Speaker 19: our pursuit of the stolen money and of the people

770
00:47:25,560 --> 00:47:26,200
Speaker 19: who stole it.

771
00:47:26,520 --> 00:47:30,040
Speaker 18: US Attorney Daniel Rosen leads the office digging into the

772
00:47:30,080 --> 00:47:32,960
Speaker 18: wave of COVID era fraud that hit Minnesota.

773
00:47:33,120 --> 00:47:34,240
Speaker 1: So how much money.

774
00:47:34,000 --> 00:47:37,320
Speaker 18: Are we talking about stolen from the American taxpayer?

775
00:47:38,600 --> 00:47:40,719
Speaker 19: I can say with great comfort, Well, and excessive a

776
00:47:40,760 --> 00:47:41,480
Speaker 19: billion dollars.

777
00:47:41,800 --> 00:47:45,160
Speaker 18: In the past three years, eighty seven defendants have been charged,

778
00:47:45,400 --> 00:47:48,960
Speaker 18: sixty one convicted. The majority of them are Somali American

779
00:47:49,560 --> 00:47:54,080
Speaker 18: Minnesota has the nation's largest Somali population. The perpetrators are

780
00:47:54,120 --> 00:47:57,640
Speaker 18: accused of ripping off state run programs intended to feed

781
00:47:57,719 --> 00:48:01,520
Speaker 18: low income kids, house the disabled, and provide services to

782
00:48:01,560 --> 00:48:02,640
Speaker 18: autistic children.

783
00:48:02,880 --> 00:48:04,440
Speaker 3: This was a get rich scheme.

784
00:48:04,719 --> 00:48:07,920
Speaker 18: Andy Lueger was the US attorney who first examined this fraud.

785
00:48:08,080 --> 00:48:09,239
Speaker 18: He left in January.

786
00:48:09,440 --> 00:48:12,440
Speaker 4: One of the things we discovered is that a number

787
00:48:12,480 --> 00:48:16,640
Speaker 4: of the people involved were buying investment property resort property

788
00:48:16,760 --> 00:48:17,480
Speaker 4: in Kenya.

789
00:48:17,920 --> 00:48:21,239
Speaker 18: Wire transfers reviewed by CBS News also show more than

790
00:48:21,280 --> 00:48:24,919
Speaker 18: one million dollars went to Chinese banks. The Trump administration

791
00:48:25,040 --> 00:48:28,040
Speaker 18: has said it's investigating whether any of the money fell

792
00:48:28,040 --> 00:48:31,239
Speaker 18: into the hands of terror groups like Al Shabab and Somalia,

793
00:48:31,560 --> 00:48:34,640
Speaker 18: but both Luger and Rosen agree the evidence so far

794
00:48:34,760 --> 00:48:38,359
Speaker 18: shows the criminals were only interested in getting rich. So

795
00:48:38,400 --> 00:48:43,120
Speaker 18: there's no evidence that any of these convicted or those

796
00:48:43,160 --> 00:48:46,239
Speaker 18: who are charged, sent a check and directly gave it

797
00:48:46,280 --> 00:48:46,920
Speaker 18: to al Shabab.

798
00:48:47,280 --> 00:48:49,600
Speaker 19: I think that's a fair characterization.

799
00:48:49,920 --> 00:48:54,880
Speaker 18: These are federally funded programs. They happen in every US state.

800
00:48:55,680 --> 00:49:00,560
Speaker 18: What happened here in Minnesota that allowed this fraud to

801
00:49:00,680 --> 00:49:02,839
Speaker 18: materialize to metastasize.

802
00:49:03,120 --> 00:49:05,560
Speaker 19: It appears that the people at the highest levels of

803
00:49:05,640 --> 00:49:08,319
Speaker 19: responsibility in the government of the state of Minnesota looked

804
00:49:08,360 --> 00:49:08,919
Speaker 19: the other way.

805
00:49:11,600 --> 00:49:15,080
Speaker 18: A spokeswoman for Minnesota Governor Tim Watson I tells us

806
00:49:15,120 --> 00:49:18,319
Speaker 18: that fighting the fraud it's his quote top priority and

807
00:49:18,520 --> 00:49:22,000
Speaker 18: thought of something that happens in states red and blue. Tomorrow,

808
00:49:22,080 --> 00:49:24,880
Speaker 18: the governor plans to name a new statewide fraud ZAR.

809
00:49:25,760 --> 00:49:28,799
Speaker 1: Prisident Trump talked about fraud and corruption last night. We're

810
00:49:28,800 --> 00:49:30,560
Speaker 1: gonna have that for you when we come back and

811
00:49:30,600 --> 00:49:33,239
Speaker 1: your calls. Triple eight nine seventy one seven two four

812
00:49:33,239 --> 00:49:43,960
Speaker 1: to three, I'm Larry Elder, do not leave town trip

813
00:49:44,040 --> 00:49:47,040
Speaker 1: late nine seventy one Sage Triple eight ninety seventy one

814
00:49:47,120 --> 00:49:49,120
Speaker 1: seven two four to three, Larry elders sail the news

815
00:49:49,200 --> 00:49:51,759
Speaker 1: channel will with your help, I will be blessing. Over

816
00:49:51,880 --> 00:49:54,120
Speaker 1: seven hundred kids who throw no fault of their own

817
00:49:54,520 --> 00:49:56,960
Speaker 1: won't be with their mom or dad this Christmas because

818
00:49:57,000 --> 00:50:01,840
Speaker 1: one or both parents are in prison. As of last evening,

819
00:50:01,840 --> 00:50:04,960
Speaker 1: there are still more kids waiting. Christmas is just seven

820
00:50:05,040 --> 00:50:07,319
Speaker 1: days away, but there's still time for you to join

821
00:50:07,400 --> 00:50:10,440
Speaker 1: us by going to my website Larryelder dot com clicking

822
00:50:10,520 --> 00:50:12,960
Speaker 1: on the angel Tree banner. If you wonder how your

823
00:50:13,040 --> 00:50:16,000
Speaker 1: gift of only thirty dollars can change a child's life,

824
00:50:16,440 --> 00:50:18,920
Speaker 1: just listen to this Angel Tree volunteer Renee.

825
00:50:19,280 --> 00:50:21,279
Speaker 5: While I was there in prison, I had to spend

826
00:50:21,360 --> 00:50:24,080
Speaker 5: three years apart from my child for my sentence, and

827
00:50:24,160 --> 00:50:26,239
Speaker 5: during that time, of course, she began to grow, and

828
00:50:26,680 --> 00:50:30,239
Speaker 5: Christmas time came along. I signed up for Angeltree and

829
00:50:30,680 --> 00:50:34,520
Speaker 5: once she was able to start receiving gifts, you know,

830
00:50:34,600 --> 00:50:37,120
Speaker 5: Angeltree would show up like I was right there with

831
00:50:37,160 --> 00:50:39,120
Speaker 5: her for Christmas and it kept us connected.

832
00:50:39,200 --> 00:50:41,720
Speaker 6: So that was how I got started with Angeltree.

833
00:50:42,280 --> 00:50:45,080
Speaker 1: Now, trust me, if you join my other listeners and

834
00:50:45,200 --> 00:50:48,680
Speaker 1: making a gift today, you'll will bless a boy or

835
00:50:48,760 --> 00:50:51,759
Speaker 1: girl waiting to hear They'll be getting a present, a

836
00:50:51,800 --> 00:50:55,560
Speaker 1: Bible and a personalized note from his or her incarcerated

837
00:50:55,600 --> 00:50:59,359
Speaker 1: parent on Christmas morning. My Angel Tree phone number eight

838
00:50:59,480 --> 00:51:02,160
Speaker 1: eight eight two six twenty eight fifty five. That's eight

839
00:51:02,280 --> 00:51:05,319
Speaker 1: eight eight two o six twenty eight fifty five. Let's

840
00:51:05,360 --> 00:51:08,080
Speaker 1: all band together to help bless these wonderful boys and

841
00:51:08,120 --> 00:51:11,600
Speaker 1: girls on Christmas Morning next week. Thank you for joining

842
00:51:11,680 --> 00:51:14,320
Speaker 1: me as we pull our resources to be the hands

843
00:51:14,320 --> 00:51:17,719
Speaker 1: and feet of Jesus through Prison Fellowship's Angel Try program.

844
00:51:18,000 --> 00:51:21,000
Speaker 1: Triple eight two six twenty eight fifty five, Triple eight

845
00:51:21,040 --> 00:51:24,000
Speaker 1: two O six twenty eight fifty five, Lariola dot Com

846
00:51:24,080 --> 00:51:27,359
Speaker 1: Angel Tree banner at the very top, number thirty three.

847
00:51:28,000 --> 00:51:32,640
Speaker 9: In the end, government either serves the productive, patriotic, hard

848
00:51:32,680 --> 00:51:35,760
Speaker 9: work and American citizen, or it serves those who break

849
00:51:35,800 --> 00:51:39,560
Speaker 9: the laws, cheat the system, and seek power and profit

850
00:51:39,600 --> 00:51:43,960
Speaker 9: at the expense of our nation. Look at Minnesota, where

851
00:51:44,040 --> 00:51:47,200
Speaker 9: some millions have taken over the economics of the state

852
00:51:47,560 --> 00:51:51,400
Speaker 9: and have stolen billions and billions of dollars from Minnesota

853
00:51:51,440 --> 00:51:54,520
Speaker 9: and indeed from the United States of America. And we're

854
00:51:54,520 --> 00:51:56,840
Speaker 9: going to put an end to it. For so long

855
00:51:56,960 --> 00:52:00,960
Speaker 9: as before my election, the vast majority of good and

856
00:52:01,040 --> 00:52:05,560
Speaker 9: decent Americans were forced to watch as corrupt politician plundered

857
00:52:05,560 --> 00:52:09,880
Speaker 9: the halls of power, exploited our taxpayers, and pillaged every

858
00:52:09,920 --> 00:52:12,440
Speaker 9: system that makes civilized society function.

859
00:52:13,040 --> 00:52:14,080
Speaker 3: But not anymore.

860
00:52:15,239 --> 00:52:18,880
Speaker 1: He also talked about reverse migration number nineteen.

861
00:52:19,400 --> 00:52:22,120
Speaker 9: A major factor in driving up housing costs was the

862
00:52:22,200 --> 00:52:24,160
Speaker 9: colossal border invasion.

863
00:52:24,920 --> 00:52:28,759
Speaker 3: We have never been invaded. This is the worst.

864
00:52:28,239 --> 00:52:32,000
Speaker 9: Thing that Frankly, in my opinion, the worst thing that

865
00:52:32,040 --> 00:52:35,400
Speaker 9: the Biden administration did to our country is the invasion

866
00:52:36,120 --> 00:52:39,680
Speaker 9: at the border. The last administration and their allies in

867
00:52:39,800 --> 00:52:43,359
Speaker 9: Congress brought in millions and millions of migrants and gave

868
00:52:43,400 --> 00:52:48,000
Speaker 9: them taxpayer funded housing while your rent and housing costs chirocketed,

869
00:52:48,440 --> 00:52:51,399
Speaker 9: over sixty percent of growth in the rental market came

870
00:52:51,440 --> 00:52:55,239
Speaker 9: from foreign migrants. At the same time, illegal aliens all

871
00:52:55,320 --> 00:52:59,319
Speaker 9: American jobs and flooded emergency rooms, getting free health care

872
00:52:59,360 --> 00:53:03,560
Speaker 9: and education paid for by you, the American taxpayer. They

873
00:53:03,600 --> 00:53:07,279
Speaker 9: also increased the cost of law enforcement by numbers so

874
00:53:07,480 --> 00:53:10,839
Speaker 9: high that they are not even to be mentioned. For

875
00:53:10,880 --> 00:53:13,400
Speaker 9: the first time in fifty years, we are now seeing

876
00:53:13,480 --> 00:53:17,720
Speaker 9: reverse migration as migrants go back home, leaving more housing

877
00:53:17,800 --> 00:53:19,680
Speaker 9: and more jobs for Americans.

878
00:53:20,200 --> 00:53:22,000
Speaker 3: In the year before my election.

879
00:53:22,239 --> 00:53:26,799
Speaker 9: All net creation of jobs was going to foreign migrants.

880
00:53:27,120 --> 00:53:31,440
Speaker 9: Since I took office, one hundred percent of all net

881
00:53:31,680 --> 00:53:36,400
Speaker 9: job creation has gone to American born citizens.

882
00:53:36,520 --> 00:53:37,880
Speaker 3: One hundred percent.

883
00:53:39,840 --> 00:53:44,840
Speaker 1: Now I know half the country can't stand this man.

884
00:53:46,120 --> 00:53:49,080
Speaker 1: Our good friend Mark, who will very likely chime in today,

885
00:53:49,360 --> 00:53:56,240
Speaker 1: can't stand this man. I have a question. For years,

886
00:53:56,400 --> 00:54:01,319
Speaker 1: we saw them cover up Biden's obvious middle decline. Jake

887
00:54:01,360 --> 00:54:04,600
Speaker 1: Tapper recently says the reason of reporting on Trump's middle

888
00:54:04,640 --> 00:54:07,879
Speaker 1: status is because he dropped the ball on Biden doesn't

889
00:54:07,880 --> 00:54:09,200
Speaker 1: want the same thing that happens. And now we're going

890
00:54:09,239 --> 00:54:13,120
Speaker 1: to talk about Trump's middle status. Did he sound tired?

891
00:54:14,080 --> 00:54:18,719
Speaker 1: Did he sound exhausted? Did he sound cognitively impaired?

892
00:54:20,160 --> 00:54:25,160
Speaker 9: Number twenty Along with the just pasted one big beautiful

893
00:54:25,200 --> 00:54:29,479
Speaker 9: bill tonight, I am also proud to announce that more

894
00:54:29,520 --> 00:54:33,279
Speaker 9: than one thousand, four hundred fifty thousand Think of this,

895
00:54:33,719 --> 00:54:38,800
Speaker 9: one million, four hundred and fifty thousand military service members

896
00:54:38,880 --> 00:54:44,080
Speaker 9: will receive a special we call Warrior dividend before Christmas.

897
00:54:44,080 --> 00:54:46,240
Speaker 3: So Warrior Dividend in.

898
00:54:46,160 --> 00:54:50,480
Speaker 9: Honor of our nations founding in seventeen seventy six, we

899
00:54:50,560 --> 00:54:55,000
Speaker 9: are sending every soldier one thousand, seven hundred and seventy

900
00:54:55,080 --> 00:54:56,560
Speaker 9: six dollars.

901
00:54:57,160 --> 00:55:01,000
Speaker 3: Think of that, and the checks are already on the way.

902
00:55:01,400 --> 00:55:05,239
Speaker 9: Nobody understood that one until about thirty minutes ago.

903
00:55:05,840 --> 00:55:07,520
Speaker 3: We made a lot more money.

904
00:55:07,200 --> 00:55:11,840
Speaker 1: Than and of course you talked about the tax refund

905
00:55:12,560 --> 00:55:16,279
Speaker 1: and of course, anytime you cut taxes, the left will

906
00:55:16,280 --> 00:55:19,680
Speaker 1: say automatically that you are tax cuts for the rich.

907
00:55:20,560 --> 00:55:22,040
Speaker 1: Number twenty one.

908
00:55:22,200 --> 00:55:25,160
Speaker 9: Next year, you will also see the results of the

909
00:55:25,280 --> 00:55:30,160
Speaker 9: largest tax cut that's in American history, that were really

910
00:55:30,200 --> 00:55:34,439
Speaker 9: accomplished through our great, big, beautiful bill, perhaps the most

911
00:55:34,440 --> 00:55:39,760
Speaker 9: sweeping legislation ever passed in Congress. We wrapped twelve different

912
00:55:39,800 --> 00:55:43,920
Speaker 9: bills up into one beautiful bill that includes no tax

913
00:55:43,960 --> 00:55:47,359
Speaker 9: on tips, no tax on overtime, and no tax on

914
00:55:47,480 --> 00:55:52,600
Speaker 9: Social Security for our great seniors. Under these cuts, many

915
00:55:52,640 --> 00:55:57,440
Speaker 9: families will be saving between eleven thousand and twenty thousand

916
00:55:57,520 --> 00:56:00,719
Speaker 9: dollars a year, and next spring is rejected to be

917
00:56:00,840 --> 00:56:03,800
Speaker 9: the largest tax refund season of all time.

918
00:56:05,239 --> 00:56:07,440
Speaker 1: David is in Memphis. David, you're in the lari of

919
00:56:07,480 --> 00:56:08,640
Speaker 1: the show. Thank you so much for calling.

920
00:56:09,920 --> 00:56:13,239
Speaker 20: Yeah, I just wanted to find out that I want

921
00:56:13,280 --> 00:56:16,160
Speaker 20: you to define a single payer system.

922
00:56:16,239 --> 00:56:20,040
Speaker 1: What that is single payer system is government pays for

923
00:56:20,080 --> 00:56:22,360
Speaker 1: your health care. Of course they tax people for it,

924
00:56:22,360 --> 00:56:23,399
Speaker 1: but government pays for it.

925
00:56:24,480 --> 00:56:27,520
Speaker 11: I see, Yeah, thank you sir, Yeah, no problem.

926
00:56:27,920 --> 00:56:30,120
Speaker 1: And that's exactly what Obama says he wanted. If I

927
00:56:30,120 --> 00:56:32,080
Speaker 1: could start all over again, I would have single payer.

928
00:56:32,800 --> 00:56:36,040
Speaker 1: Now nothing is free, so taxpayers pay a lot more

929
00:56:36,080 --> 00:56:38,480
Speaker 1: for single payer. But it means you walk into a

930
00:56:38,760 --> 00:56:43,640
Speaker 1: clinic and you get whatever health care you need, pay

931
00:56:43,760 --> 00:56:48,160
Speaker 1: for by the government, meaning fellow taxpayers. That's why they

932
00:56:48,200 --> 00:56:51,680
Speaker 1: have long lines in Canada. That's why a lot of

933
00:56:51,680 --> 00:56:54,239
Speaker 1: Canadians come to America for their healthcare because they don't

934
00:56:54,280 --> 00:56:59,520
Speaker 1: want to wait. Now, this mantra that tax cuts are

935
00:56:59,560 --> 00:57:04,520
Speaker 1: just for the is what Democrats routinely say. I want

936
00:57:04,520 --> 00:57:06,920
Speaker 1: to remind you of an exchange between orn Hat, Senator

937
00:57:06,960 --> 00:57:11,320
Speaker 1: from Utah, and Shared Brown, Senator from Ohio. And orn Hatch,

938
00:57:11,640 --> 00:57:14,640
Speaker 1: who'd been in the Senate a long time and had

939
00:57:14,640 --> 00:57:18,480
Speaker 1: worked with Democrats for a lot of things, had had

940
00:57:18,480 --> 00:57:22,160
Speaker 1: it with this mantra that you only care about the rich.

941
00:57:24,120 --> 00:57:28,360
Speaker 1: I told you that my mom lifelong Democrat, dad lifelong Republican.

942
00:57:28,560 --> 00:57:31,880
Speaker 1: They had many, many classes over issues. But never did

943
00:57:31,920 --> 00:57:33,840
Speaker 1: I hear my mother say that my dad only cared

944
00:57:33,880 --> 00:57:37,280
Speaker 1: about the rich. Never did I hear my mom say

945
00:57:37,320 --> 00:57:41,440
Speaker 1: that you only care about those with money. But this

946
00:57:41,480 --> 00:57:44,959
Speaker 1: is what Democrats do. The big beautiful bill tax cuts

947
00:57:45,040 --> 00:57:48,720
Speaker 1: benefit everybody who pays taxes. Rich paid disapportionately more tax

948
00:57:48,800 --> 00:57:51,560
Speaker 1: so they would get a disapportionately bigger benefit. But everybody

949
00:57:51,600 --> 00:57:55,560
Speaker 1: who pays taxes gets a break. Triple eight nine to

950
00:57:55,600 --> 00:58:10,600
Speaker 1: seventy one Sage, I'm Larialed triple late nine seven one

951
00:58:10,800 --> 00:58:13,720
Speaker 1: Skge triple late ninety seven one seven two four to three.

952
00:58:13,680 --> 00:58:17,360
Speaker 1: I am Larry Elder Salem the News channel. Regarding this

953
00:58:17,440 --> 00:58:22,520
Speaker 1: business about Republicans only care about the rich, There was

954
00:58:22,520 --> 00:58:25,760
Speaker 1: an article in the New York Times about the billionaires

955
00:58:25,800 --> 00:58:30,880
Speaker 1: who are in the Trump administration. Do you know that

956
00:58:31,080 --> 00:58:35,760
Speaker 1: more billionaires supported Kamala Harrison Trump. More billionaires gave more

957
00:58:35,800 --> 00:58:41,680
Speaker 1: money to Kamala Harris than Trump. The average Republican household

958
00:58:41,800 --> 00:58:46,200
Speaker 1: is less wealthy than the average Democrat household. So Orange Hatch,

959
00:58:46,200 --> 00:58:51,600
Speaker 1: Senator from Utah, a longtime senator, was squaring off with

960
00:58:51,800 --> 00:58:57,080
Speaker 1: Shared Brown, Senator from Ohio, and Hatch had had it

961
00:58:57,120 --> 00:59:00,360
Speaker 1: with this standard BS rhetoric that you guys own only

962
00:59:00,640 --> 00:59:04,520
Speaker 1: care about the rich. Let's hear it, Center Brown.

963
00:59:04,560 --> 00:59:05,680
Speaker 20: I'd like to Center Brown.

964
00:59:05,720 --> 00:59:07,880
Speaker 21: Thanks, chairman. A dozen years ago, when you did the

965
00:59:07,920 --> 00:59:14,200
Speaker 21: tax holiday here, all the corporations had all this money,

966
00:59:14,280 --> 00:59:16,120
Speaker 21: and of course they were going to be eager to

967
00:59:16,120 --> 00:59:18,440
Speaker 21: give it out to work. Well, actually they didn't give

968
00:59:18,480 --> 00:59:21,400
Speaker 21: it out to workers. They did stock buybacks, they did

969
00:59:21,480 --> 00:59:23,760
Speaker 21: executive compensation, they paid out in gividence.

970
00:59:24,080 --> 00:59:25,520
Speaker 3: Then somebody cited Britain.

971
00:59:25,600 --> 00:59:26,560
Speaker 1: Great Britain has.

972
00:59:26,400 --> 00:59:30,360
Speaker 21: Done a series of tax cuts and their wages were

973
00:59:30,360 --> 00:59:30,840
Speaker 21: flat two.

974
00:59:31,000 --> 00:59:33,040
Speaker 3: So this is really wishful thinking.

975
00:59:33,040 --> 00:59:34,960
Speaker 21: But I do know that the tv ads that are

976
00:59:34,960 --> 00:59:37,960
Speaker 21: going to be run against the five most important senators

977
00:59:37,960 --> 00:59:40,720
Speaker 21: on this committee, the tv ads at the independent groups

978
00:59:40,720 --> 00:59:45,040
Speaker 21: will run will of course say Senator mccaskell and Senator

979
00:59:45,160 --> 00:59:49,640
Speaker 21: Casey and Senator Stabno and Senator Nelson are voting against

980
00:59:49,760 --> 00:59:53,200
Speaker 21: a four thousand dollars raise that this tax cut is

981
00:59:53,240 --> 00:59:54,320
Speaker 21: going to bestow on them.

982
00:59:54,600 --> 00:59:55,560
Speaker 3: We know it's coming.

983
00:59:55,760 --> 00:59:59,520
Speaker 21: We know you'll have way more money to promote that

984
00:59:59,680 --> 00:59:59,960
Speaker 21: than we.

985
01:00:00,000 --> 01:00:01,120
Speaker 3: You will have to defend it.

986
01:00:01,480 --> 01:00:04,000
Speaker 21: But that's why the widening amendments so important. And I

987
01:00:04,600 --> 01:00:07,520
Speaker 21: just think it would be nice just tonight before we

988
01:00:07,600 --> 01:00:09,920
Speaker 21: go home, to just acknowledge, well, this tax cut really

989
01:00:09,960 --> 01:00:12,040
Speaker 21: is not for the middle classes, for the rich. And

990
01:00:12,120 --> 01:00:14,080
Speaker 21: that whole thing about higher wages, well, it's a good

991
01:00:14,120 --> 01:00:17,160
Speaker 21: selling point, but we know companies don't just give away

992
01:00:17,280 --> 01:00:20,240
Speaker 21: higher wages. They just don't give away higher wages just

993
01:00:20,280 --> 01:00:20,640
Speaker 21: because they.

994
01:00:20,600 --> 01:00:21,160
Speaker 3: Have more money.

995
01:00:21,240 --> 01:00:23,120
Speaker 21: Corporations are sitting on a lot of money now, They're

996
01:00:23,120 --> 01:00:24,160
Speaker 21: sitting on a lot of profits.

997
01:00:24,200 --> 01:00:25,880
Speaker 3: Now. I don't see wages going up.

998
01:00:25,920 --> 01:00:29,160
Speaker 21: So just spare us the spars, the bank shot, spare

999
01:00:29,240 --> 01:00:33,240
Speaker 21: us the sarcasm and the satire, and let's spare it that.

1000
01:00:33,280 --> 01:00:36,200
Speaker 20: I'm going to just say to you that I come

1001
01:00:36,240 --> 01:00:41,320
Speaker 20: from the poor people, and I've been here working my

1002
01:00:41,400 --> 01:00:45,560
Speaker 20: host thanking career for people who don't have a chance.

1003
01:00:46,480 --> 01:00:49,440
Speaker 20: And I really resent anybody saying that I'm just doing

1004
01:00:49,480 --> 01:00:52,320
Speaker 20: this for the rich. Give me a break. I think

1005
01:00:52,360 --> 01:00:54,840
Speaker 20: you guys overplay that all the time, and it gets old,

1006
01:00:55,600 --> 01:00:59,120
Speaker 20: and frankly, yata quit, mister chaman. The public is just

1007
01:00:59,160 --> 01:01:02,840
Speaker 20: I'm not through, okay. I get kind of sick and

1008
01:01:02,880 --> 01:01:06,480
Speaker 20: tired of it. I'm true, it's a nice political play.

1009
01:01:06,560 --> 01:01:09,320
Speaker 21: Well, mister chair True, all due respect, I get sick

1010
01:01:09,320 --> 01:01:15,320
Speaker 21: and tired of the richest getting richer. We do attack

1011
01:01:15,840 --> 01:01:19,959
Speaker 21: or middle class and over and over again.

1012
01:01:20,280 --> 01:01:22,560
Speaker 22: How many times do we do this before.

1013
01:01:22,240 --> 01:01:22,760
Speaker 3: We learned this?

1014
01:01:24,080 --> 01:01:27,800
Speaker 20: Listen, I've honored you by allowing you to spout off here,

1015
01:01:28,760 --> 01:01:31,680
Speaker 20: and what you said was not right. That's all I'm saying.

1016
01:01:32,080 --> 01:01:35,040
Speaker 20: I come from the lower middle class. Originally we didn't

1017
01:01:35,040 --> 01:01:38,840
Speaker 20: have anything, So don't spew that stuff on me.

1018
01:01:39,760 --> 01:01:41,240
Speaker 1: I get a little tired of that crap.

1019
01:01:42,200 --> 01:01:45,280
Speaker 20: And let me just say something. If you didn't, if

1020
01:01:45,280 --> 01:01:47,480
Speaker 20: we've worked together, we could pull this country out of

1021
01:01:47,520 --> 01:01:50,840
Speaker 20: every every message in and we could do a lot

1022
01:01:50,880 --> 01:01:53,960
Speaker 20: of the things that you're talking about too. And I

1023
01:01:54,000 --> 01:01:56,280
Speaker 20: think I've got a reputation of having worked together.

1024
01:01:56,760 --> 01:01:57,720
Speaker 3: Let's start with chip.

1025
01:02:02,000 --> 01:02:07,959
Speaker 1: Can you imagine any Democrat saying what Jack Kennedy said

1026
01:02:08,680 --> 01:02:10,440
Speaker 1: when he was touting his tax cut plan that went

1027
01:02:10,480 --> 01:02:14,600
Speaker 1: into effect after he was assassinated. The more money left

1028
01:02:14,640 --> 01:02:17,680
Speaker 1: into the pockets of people, the more they'll be able

1029
01:02:17,720 --> 01:02:24,520
Speaker 1: to spend, to save, or to invest, and eventually more

1030
01:02:24,560 --> 01:02:28,480
Speaker 1: money comes into the government. Can you imagine he sounds

1031
01:02:28,560 --> 01:02:31,840
Speaker 1: like Ronald Reagan. He sounds like a supply sier. Gona

1032
01:02:31,840 --> 01:02:41,160
Speaker 1: remind you of what Kennedy said. So again, for all

1033
01:02:41,200 --> 01:02:45,040
Speaker 1: of you out there who doubt what's gonna happen down

1034
01:02:45,080 --> 01:02:48,280
Speaker 1: the road, I'm telling you it's gonna be an economic

1035
01:02:48,360 --> 01:02:50,480
Speaker 1: boond the likes of which we have never seen, are

1036
01:02:50,520 --> 01:02:55,400
Speaker 1: never seen in a long time, leaving more money in

1037
01:02:55,400 --> 01:02:58,160
Speaker 1: the pockets of the American people, shrinking the size of

1038
01:02:58,200 --> 01:03:04,480
Speaker 1: government engaging in deregulation, figuring out something to do with

1039
01:03:04,520 --> 01:03:10,800
Speaker 1: that epic disaster known as Obamacare. That's, by the way,

1040
01:03:10,840 --> 01:03:13,920
Speaker 1: it's the biggest challenge because you have health the country

1041
01:03:13,960 --> 01:03:16,680
Speaker 1: believe in healthcare is a right, and nobody likes to

1042
01:03:16,720 --> 01:03:21,440
Speaker 1: watch people suffer, people who have health care, who are

1043
01:03:21,480 --> 01:03:28,040
Speaker 1: getting benefits from Obamacare taking things away from people. There's

1044
01:03:28,040 --> 01:03:30,240
Speaker 1: got to be a way of doing it over time,

1045
01:03:30,840 --> 01:03:33,560
Speaker 1: to get government out of the business of health care.

1046
01:03:34,880 --> 01:03:46,960
Speaker 1: It's a commodity like anything else. I'm Larry Elder Triple

1047
01:03:47,000 --> 01:03:49,600
Speaker 1: eight nine seven to one, s Age Triple eight nine

1048
01:03:49,640 --> 01:03:51,960
Speaker 1: seven one seven two four to three. I Am Larry Elder,

1049
01:03:52,440 --> 01:03:55,040
Speaker 1: Salem News Channel and the Larry Old Show, brought to

1050
01:03:55,080 --> 01:03:57,520
Speaker 1: you from the Relief Factor Studios. Don't forget your Relief

1051
01:03:57,520 --> 01:04:00,640
Speaker 1: Factor eight hundred for Relief eight hundred, the number relief

1052
01:04:00,680 --> 01:04:08,280
Speaker 1: Orliefactor dot com. That's Reliefactor dot Com number thirty nine.

1053
01:04:09,040 --> 01:04:12,600
Speaker 23: The worst deficit comes from a recession, and if we

1054
01:04:12,680 --> 01:04:15,600
Speaker 23: can take the proper action in the proper time, this

1055
01:04:15,760 --> 01:04:18,240
Speaker 23: can be the most important step we could take to

1056
01:04:18,280 --> 01:04:22,600
Speaker 23: prevent another recession. That is the right kind of a

1057
01:04:22,680 --> 01:04:26,200
Speaker 23: tax cut both for your family budget and the national

1058
01:04:26,240 --> 01:04:32,000
Speaker 23: budget resulting from a permanent basic reform and reduction in

1059
01:04:32,080 --> 01:04:37,640
Speaker 23: our rate structure, a creative tax cut creating more jobs, income,

1060
01:04:38,120 --> 01:04:41,800
Speaker 23: and eventually more revenue. And the right time for that

1061
01:04:41,960 --> 01:04:44,920
Speaker 23: kind of bill it now appears in the absence of

1062
01:04:44,920 --> 01:04:48,280
Speaker 23: an economic crisis today, and if the job is to

1063
01:04:48,320 --> 01:04:52,960
Speaker 23: be done in a responsible way, is January nineteen sixty three.

1064
01:04:53,720 --> 01:04:56,080
Speaker 23: Such a bill will be presented to the Congress for

1065
01:04:56,160 --> 01:04:59,919
Speaker 23: action next year. It will include and across the board,

1066
01:05:00,640 --> 01:05:04,920
Speaker 23: top to bottom cut in both corporate and personal income taxes.

1067
01:05:05,760 --> 01:05:09,720
Speaker 23: It will include long needed tax reforms that logic and

1068
01:05:09,840 --> 01:05:13,560
Speaker 23: equity demand, and it will date that cut in taxes

1069
01:05:13,960 --> 01:05:17,439
Speaker 23: to take effect as of the start of next year

1070
01:05:17,720 --> 01:05:21,960
Speaker 23: January nineteen sixty three. The billions of dollars this bill

1071
01:05:22,040 --> 01:05:24,840
Speaker 23: will placed in the hands of the consumer and our

1072
01:05:24,880 --> 01:05:29,480
Speaker 23: businessmen will have both immediate and permanent benefits to our economy.

1073
01:05:30,360 --> 01:05:34,560
Speaker 23: Every dollar released from taxation that is span or invested

1074
01:05:34,600 --> 01:05:37,480
Speaker 23: will help create a new job and a new salary,

1075
01:05:38,000 --> 01:05:40,960
Speaker 23: and these new jobs and new salaries can create other

1076
01:05:41,080 --> 01:05:45,160
Speaker 23: jobs and other salaries, and more customers and more growth

1077
01:05:45,600 --> 01:05:50,280
Speaker 23: for an expanding American economy. Instead of being permanently saddled

1078
01:05:50,720 --> 01:05:55,560
Speaker 23: with excess planned capacity, and the budgetary deficits that is

1079
01:05:55,600 --> 01:06:01,000
Speaker 23: created by this means our goal must be forward and

1080
01:06:01,120 --> 01:06:04,680
Speaker 23: full employment, and the budgetary surfaces that that kind of

1081
01:06:04,720 --> 01:06:06,480
Speaker 23: employment in capacity can produce.

1082
01:06:07,600 --> 01:06:11,320
Speaker 1: Today they'd call him a rich guy who really cares

1083
01:06:11,360 --> 01:06:17,040
Speaker 1: about the fellow rich. A tax cut creates more jobs,

1084
01:06:17,680 --> 01:06:21,280
Speaker 1: more income, eventually more revenue of the government. Say it

1085
01:06:21,320 --> 01:06:24,760
Speaker 1: ain't so. And then when Senator Obama was running for president,

1086
01:06:25,720 --> 01:06:29,560
Speaker 1: he promised to raise the capital gains tax. Historically, when

1087
01:06:29,560 --> 01:06:32,560
Speaker 1: you do that, you collect less revenue. When you lower it,

1088
01:06:32,640 --> 01:06:35,400
Speaker 1: you collect more revenue. And this is what Charlie Gibson,

1089
01:06:35,920 --> 01:06:40,520
Speaker 1: an ABC reporter, told the senator during their debate number forty.

1090
01:06:40,760 --> 01:06:43,160
Speaker 17: All right, you have, however, said you would favor an

1091
01:06:43,240 --> 01:06:45,919
Speaker 17: increase in the capital gains tax. As a matter of fact,

1092
01:06:45,920 --> 01:06:48,400
Speaker 17: you said on CNBC, and I quote, I certainly would

1093
01:06:48,440 --> 01:06:51,360
Speaker 17: not go above what existed under Bill Clinton, which was

1094
01:06:51,400 --> 01:06:53,960
Speaker 17: twenty eight percent. It's now fifteen percent. That's almost a

1095
01:06:53,960 --> 01:06:55,800
Speaker 17: doubling if you went to twenty eight percent. But actually

1096
01:06:55,800 --> 01:06:59,080
Speaker 17: Bill Clinton in nineteen ninety seven signed legislation that dropped

1097
01:06:59,120 --> 01:07:02,240
Speaker 17: the capital gains tax to twenty percent. And George Bush

1098
01:07:02,280 --> 01:07:04,600
Speaker 17: has taken it down to fifteen percent, and in each

1099
01:07:04,720 --> 01:07:09,040
Speaker 17: instance when the rate dropped, revenues from the tax increased,

1100
01:07:09,640 --> 01:07:13,440
Speaker 17: the government took in more money. And in the nineteen eighties,

1101
01:07:14,000 --> 01:07:16,560
Speaker 17: when the tax was increased to twenty eight percent, the

1102
01:07:16,560 --> 01:07:20,120
Speaker 17: revenues went down. So why raise it at all, especially

1103
01:07:20,160 --> 01:07:22,040
Speaker 17: given the fact that one hundred million people in this

1104
01:07:22,080 --> 01:07:24,320
Speaker 17: country own stock and would be affected.

1105
01:07:24,440 --> 01:07:26,439
Speaker 16: Well, Charlie, what I've said is that I would look

1106
01:07:26,520 --> 01:07:30,320
Speaker 16: at raising the capital gains tax for purposes of fairness.

1107
01:07:30,360 --> 01:07:32,200
Speaker 16: But what I also want to make sure is that

1108
01:07:32,280 --> 01:07:36,000
Speaker 16: our tax system is fair and that we are able

1109
01:07:36,040 --> 01:07:39,040
Speaker 16: to finance healthcare for Americans who currently don't have it,

1110
01:07:39,360 --> 01:07:41,800
Speaker 16: and that we're able to invest in our infrastructure and

1111
01:07:41,840 --> 01:07:43,000
Speaker 16: invest in our schools.

1112
01:07:43,200 --> 01:07:46,040
Speaker 17: That is irresponsible, but history shows that when you drop

1113
01:07:46,080 --> 01:07:47,880
Speaker 17: the capital gains tax, the revenues go up.

1114
01:07:47,960 --> 01:07:53,160
Speaker 16: Well, that might happen or it might not. It depends

1115
01:07:53,200 --> 01:07:56,000
Speaker 16: on what's happening on Wall Street and how business is

1116
01:07:56,040 --> 01:07:56,439
Speaker 16: going on.

1117
01:07:56,600 --> 01:07:59,240
Speaker 1: Did that make any sense at all to you? Was

1118
01:07:59,280 --> 01:08:03,120
Speaker 1: a matter of fairness. We need to fund healthcare, we

1119
01:08:03,160 --> 01:08:06,080
Speaker 1: need to fund things, So I'm going to raise the

1120
01:08:06,120 --> 01:08:08,720
Speaker 1: capital gains even though historically when that happens to get

1121
01:08:08,800 --> 01:08:12,200
Speaker 1: less money. Well, as a matter of fairness, we need

1122
01:08:12,240 --> 01:08:19,840
Speaker 1: money for health care. And listen to Senator Joe Biden

1123
01:08:19,960 --> 01:08:24,600
Speaker 1: admit that it is a bogus talking point. The Republicans

1124
01:08:24,680 --> 01:08:27,400
Speaker 1: want to do away with Medicare number forty one.

1125
01:08:28,080 --> 01:08:32,639
Speaker 24: Social securities automatically the public all through the thirties and forties,

1126
01:08:32,680 --> 01:08:37,760
Speaker 24: because during the thirties and forties the Republicans opposed it.

1127
01:08:37,760 --> 01:08:40,320
Speaker 24: It was easy to make the public believe when you'd

1128
01:08:40,320 --> 01:08:43,720
Speaker 24: stand there in nineteen seventy five and say, you know,

1129
01:08:43,880 --> 01:08:47,400
Speaker 24: if you elect that Republican, you're going to lose your

1130
01:08:47,479 --> 01:08:53,080
Speaker 24: social security, And some Democrats said that, and some of

1131
01:08:53,120 --> 01:08:56,000
Speaker 24: the Republicans they pointed to wereas committed to social security

1132
01:08:56,439 --> 01:09:01,479
Speaker 24: as any Democrat was. But because the Republican Party historically

1133
01:09:01,560 --> 01:09:04,280
Speaker 24: had been against those security it was an easy hit.

1134
01:09:04,600 --> 01:09:06,799
Speaker 3: It was a cheap shot, and it had.

1135
01:09:06,680 --> 01:09:07,880
Speaker 25: Some residents out there.

1136
01:09:08,560 --> 01:09:11,400
Speaker 24: Just like when I first got in politics, even though

1137
01:09:11,439 --> 01:09:14,000
Speaker 24: I come from this background and ran on a law

1138
01:09:14,000 --> 01:09:17,360
Speaker 24: and order platform. I remember the liberals used to say

1139
01:09:17,680 --> 01:09:21,400
Speaker 24: Biden is quote an iconoclast. That was when my newspaper

1140
01:09:21,400 --> 01:09:25,040
Speaker 24: called me an iconoclast, because how can he really be

1141
01:09:25,120 --> 01:09:27,960
Speaker 24: a progressive and want to lock these people up. I'm

1142
01:09:28,000 --> 01:09:31,080
Speaker 24: sure my friend from California gets hit with that all

1143
01:09:31,080 --> 01:09:33,680
Speaker 24: of how can you be a progressive and be so

1144
01:09:33,760 --> 01:09:43,479
Speaker 24: tough on crime? Well, I wasn't wedded to the notion.

1145
01:09:44,000 --> 01:09:46,280
Speaker 24: Every time Richard Nixon, when I was running in nineteen

1146
01:09:46,320 --> 01:09:50,400
Speaker 24: seventy two, would say law and order, the Democratic mantor

1147
01:09:50,439 --> 01:09:54,439
Speaker 24: in the response was law and order with justice whatever

1148
01:09:54,479 --> 01:10:03,280
Speaker 24: that meant, and I'd say, lock the SOB's up. Well,

1149
01:10:04,280 --> 01:10:07,960
Speaker 24: just as it is no longer legitimate to say the

1150
01:10:08,000 --> 01:10:12,520
Speaker 24: Republican Party is against, as a matter of course, social security,

1151
01:10:13,800 --> 01:10:16,840
Speaker 24: the Republicans are finding out it's no longer legitimate to

1152
01:10:16,880 --> 01:10:20,320
Speaker 24: say that Democrats are soft on crime, because guess what?

1153
01:10:20,320 --> 01:10:23,360
Speaker 24: What has every major crime bill that's gotten this far

1154
01:10:23,479 --> 01:10:26,479
Speaker 24: been a Democratic crime bill?

1155
01:10:28,600 --> 01:10:33,519
Speaker 2: A democratic crid built, that's the secret democratic crime bill.

1156
01:10:34,760 --> 01:10:36,480
Speaker 22: A democratic president.

1157
01:10:36,560 --> 01:10:41,120
Speaker 24: Wants one hundred thousand cops, a democratic president wants to

1158
01:10:41,120 --> 01:10:44,040
Speaker 24: build a one hundred and twenty five thousand new prison cells.

1159
01:10:44,520 --> 01:10:49,040
Speaker 3: That's the secret. Boy, is that bothers?

1160
01:10:49,400 --> 01:10:51,960
Speaker 1: Yes, you can see he has been whispering a long time.

1161
01:10:52,120 --> 01:10:54,559
Speaker 1: But the point of that clip is that he is

1162
01:10:54,600 --> 01:10:59,200
Speaker 1: admitting that even though Republicans no longer uphosed social security,

1163
01:10:59,240 --> 01:11:01,439
Speaker 1: no longer a pull medicare as it did at the

1164
01:11:01,520 --> 01:11:06,120
Speaker 1: very beginning. Democrats still accuse him of doing it, even

1165
01:11:06,160 --> 01:11:08,559
Speaker 1: though it's no longer the case, said Joe Biden candidly

1166
01:11:08,600 --> 01:11:15,599
Speaker 1: at that time when he was in the Senate. Now,

1167
01:11:15,680 --> 01:11:20,000
Speaker 1: Relief Factor loves hearing from pain free customers and hopes

1168
01:11:20,040 --> 01:11:23,280
Speaker 1: we can help you. Next, Bill writes, quote, I've been

1169
01:11:23,400 --> 01:11:27,280
Speaker 1: crawling under sinks and working long hours for decades. My

1170
01:11:27,400 --> 01:11:30,080
Speaker 1: back and knees took the punishment. I thought pain was

1171
01:11:30,120 --> 01:11:32,760
Speaker 1: just part of the trade, but Relief Factor surprised me.

1172
01:11:33,160 --> 01:11:36,160
Speaker 1: Within weeks, I was working without wincing. I could get

1173
01:11:36,200 --> 01:11:38,120
Speaker 1: down on the floor and get back up again without

1174
01:11:38,160 --> 01:11:42,920
Speaker 1: thinking twice. End of quote. Bill knows hard work, knows pipes,

1175
01:11:42,960 --> 01:11:45,920
Speaker 1: tools and long days on the job. But he didn't

1176
01:11:45,960 --> 01:11:48,639
Speaker 1: know is how good life feels when pain stops tagging along.

1177
01:11:49,000 --> 01:11:53,320
Speaker 1: Relief Factor didn't change Bill's trade, it changed his tomorrow.

1178
01:11:54,040 --> 01:11:58,679
Speaker 1: And I've told you about my golfing buddy, Tom golfs

1179
01:11:58,680 --> 01:12:01,360
Speaker 1: almost every day he said he could not pull off

1180
01:12:01,720 --> 01:12:04,639
Speaker 1: it weren't for Relief Factor. Relief Factor it's one hundred

1181
01:12:04,640 --> 01:12:08,000
Speaker 1: percent drug free and targets the information that causes pain,

1182
01:12:08,080 --> 01:12:11,200
Speaker 1: so you can move better, feel better and enjoy life again.

1183
01:12:12,000 --> 01:12:15,559
Speaker 1: Relief Factor dot Com. Relief Factor dot Com eight hundred

1184
01:12:15,600 --> 01:12:25,120
Speaker 1: four Relief eight hundred the number four relief No See

1185
01:12:26,320 --> 01:12:29,519
Speaker 1: Triple eight nine seven one sage Triple eight nine seven

1186
01:12:29,600 --> 01:12:32,000
Speaker 1: one seven two four to three. I am Larry Ilders,

1187
01:12:32,000 --> 01:12:35,000
Speaker 1: Salem New Channel. Next hour, We're going to talk to

1188
01:12:35,120 --> 01:12:39,839
Speaker 1: a celebrated investment advisor. I've told you for years, get

1189
01:12:40,280 --> 01:12:44,080
Speaker 1: in the economy, buy equities, get into the stock market.

1190
01:12:44,280 --> 01:12:46,439
Speaker 1: The younger you are, the better you are because you

1191
01:12:46,479 --> 01:12:49,240
Speaker 1: have a longer horizon. And I want you to call

1192
01:12:49,400 --> 01:12:51,439
Speaker 1: Triple eight nine seven one seven two four three with

1193
01:12:51,479 --> 01:12:55,360
Speaker 1: any questions you have about investing. This is economy that,

1194
01:12:55,960 --> 01:12:57,800
Speaker 1: in my opinion, is POI to take off. We'll find

1195
01:12:57,840 --> 01:13:00,960
Speaker 1: out whether or not the expert degrees AI is going

1196
01:13:01,000 --> 01:13:05,760
Speaker 1: to kick in. It already has making things more efficient, cheaper, robotics,

1197
01:13:06,400 --> 01:13:09,080
Speaker 1: this is very exciting, self driving cars. All of these

1198
01:13:09,160 --> 01:13:12,640
Speaker 1: kinds of things are labor saving devices that will make

1199
01:13:12,640 --> 01:13:16,000
Speaker 1: people more productive, give people more opportunities, and generate even

1200
01:13:16,040 --> 01:13:19,720
Speaker 1: more wealth. Get into the economy. The younger you are,

1201
01:13:19,840 --> 01:13:21,960
Speaker 1: the better. So we're gonna take calls a Triple eight

1202
01:13:22,040 --> 01:13:24,400
Speaker 1: nine seven one seven two four to three line up,

1203
01:13:24,560 --> 01:13:28,240
Speaker 1: get your questions in. Tucker is in Reading, Pennsylvania. Tucker,

1204
01:13:28,280 --> 01:13:29,960
Speaker 1: you're in the Lario to show thank you for calling.

1205
01:13:31,960 --> 01:13:35,200
Speaker 26: Trump said the military bonuses are gonna come from tariff money.

1206
01:13:35,200 --> 01:13:38,680
Speaker 12: But he lied he's only just shifting money from military

1207
01:13:38,760 --> 01:13:41,200
Speaker 12: housing subsidy money that was already your mark.

1208
01:13:41,560 --> 01:13:43,920
Speaker 1: How do you, Tucker, how do you know he's lying

1209
01:13:45,360 --> 01:13:47,920
Speaker 1: because his lips move? How do I because his lips move.

1210
01:13:51,320 --> 01:13:53,400
Speaker 1: Kirk is in Buena Park. Kirk in the Lario to

1211
01:13:53,439 --> 01:13:56,120
Speaker 1: show thank you for calling, a.

1212
01:13:56,439 --> 01:13:58,200
Speaker 23: Thank you for having me on as you're older.

1213
01:13:58,600 --> 01:14:02,160
Speaker 27: Yeah, I'm calling because I'm exhausted with people that are saying.

1214
01:14:01,880 --> 01:14:05,440
Speaker 28: When when is all this all the economy, you know, turnaround?

1215
01:14:05,800 --> 01:14:07,200
Speaker 27: They're like kids on a trip.

1216
01:14:07,240 --> 01:14:08,040
Speaker 26: Are we there yet?

1217
01:14:08,080 --> 01:14:11,800
Speaker 27: Are we there yet? From my understanding, when this was announced,

1218
01:14:11,800 --> 01:14:14,360
Speaker 27: he said it's not going to take effect until the

1219
01:14:14,400 --> 01:14:18,680
Speaker 27: first of next year, meaning twenty six. And they've got it,

1220
01:14:18,800 --> 01:14:20,639
Speaker 27: you know, not it's not a.

1221
01:14:20,880 --> 01:14:24,560
Speaker 12: You know order from my Amazon World with same day delivery.

1222
01:14:25,000 --> 01:14:29,559
Speaker 1: And and Kirk, how many years we told that inflation

1223
01:14:29,800 --> 01:14:33,680
Speaker 1: was tranditory during the Biden administration. Just be patient, it's trandatory.

1224
01:14:34,160 --> 01:14:37,479
Speaker 1: But now Trump was to come in Vuilla, Magic wand

1225
01:14:37,720 --> 01:14:39,840
Speaker 1: and everything's going to turn on a dime. Thank you

1226
01:14:39,920 --> 01:14:42,479
Speaker 1: very much for the call. I appreciate it. Steve is

1227
01:14:42,479 --> 01:14:44,639
Speaker 1: in Atlanta, Steve and the Lario to show.

1228
01:14:46,600 --> 01:14:48,160
Speaker 25: Hey, they say, McAll.

1229
01:14:49,479 --> 01:14:49,719
Speaker 3: Hey.

1230
01:14:49,960 --> 01:14:54,840
Speaker 25: So you know you played a clip of Kamalie Harris

1231
01:14:55,200 --> 01:15:00,360
Speaker 25: and she said we did this, that these are that

1232
01:15:00,400 --> 01:15:04,000
Speaker 25: I don't like, and we did this, and that you

1233
01:15:04,040 --> 01:15:07,439
Speaker 25: would never in a million years hear Trump say the

1234
01:15:07,520 --> 01:15:10,479
Speaker 25: Republicans did this, or that he would say those people

1235
01:15:10,520 --> 01:15:14,400
Speaker 25: did that. He would never say we. She's accepting blame.

1236
01:15:15,080 --> 01:15:19,080
Speaker 25: She's a part of the cabal that did the things.

1237
01:15:19,160 --> 01:15:21,280
Speaker 25: I'm not even sure she's part of the cabal because

1238
01:15:21,280 --> 01:15:23,759
Speaker 25: I think she's too stupid to be a part of

1239
01:15:24,080 --> 01:15:26,920
Speaker 25: a cabal. But what do you think about the fact

1240
01:15:26,960 --> 01:15:30,000
Speaker 25: that she said we as opposed today, Well, at least.

1241
01:15:29,880 --> 01:15:32,760
Speaker 1: She was admitting that she was culpable, and she said

1242
01:15:32,880 --> 01:15:36,080
Speaker 1: every decision made, a decision that Biden made, she was

1243
01:15:36,160 --> 01:15:38,679
Speaker 1: right by a side. So two thirty the American people

1244
01:15:38,680 --> 01:15:40,920
Speaker 1: felt that were on the wrong track, which means that

1245
01:15:41,080 --> 01:15:43,840
Speaker 1: they were based on decisions that she and Biden collectively made.

1246
01:15:44,520 --> 01:15:55,920
Speaker 1: Coming up invest in America. I'm Larry Older but let's

1247
01:15:55,960 --> 01:16:07,080
Speaker 1: get her teat up sud go Triple eight nine seven

1248
01:16:07,160 --> 01:16:10,280
Speaker 1: one s a ge Triple eight nine seven one seven

1249
01:16:10,320 --> 01:16:12,960
Speaker 1: two four to three. I am Larry Elder. We are

1250
01:16:13,040 --> 01:16:16,680
Speaker 1: Salem News Channel as mentioned last hour. Please call in

1251
01:16:16,760 --> 01:16:18,880
Speaker 1: Triple eight nine seven one seven two four to three

1252
01:16:18,880 --> 01:16:22,600
Speaker 1: with any kinds of question you have about investing. I

1253
01:16:22,600 --> 01:16:26,519
Speaker 1: think this is a marvelous, marvelous economy. It's only going

1254
01:16:26,600 --> 01:16:28,479
Speaker 1: to get better based on the thing that President Trump

1255
01:16:28,560 --> 01:16:32,479
Speaker 1: is doing. We'll find out if my guest degrees. He

1256
01:16:32,520 --> 01:16:36,120
Speaker 1: and I did an investment summit together. The theme was American.

1257
01:16:37,120 --> 01:16:40,160
Speaker 1: You can go to Larryldercan dot com to watch the

1258
01:16:40,600 --> 01:16:45,280
Speaker 1: seminar we did Larry Eldercan dot com. He is quite

1259
01:16:45,640 --> 01:16:47,640
Speaker 1: the renaissance man, which I think, frankly makes him a

1260
01:16:47,680 --> 01:16:54,439
Speaker 1: good investor. He composes and performs music, rides horses. Is

1261
01:16:54,479 --> 01:17:01,559
Speaker 1: a combat marksman, martial arts, auto racing, bodybuilding, former US

1262
01:17:01,720 --> 01:17:08,040
Speaker 1: Army paratrooper, A self described radical for capitalism. A bunch

1263
01:17:08,080 --> 01:17:12,559
Speaker 1: of books, including Billion Dollar Greed, Green Profit from the

1264
01:17:12,600 --> 01:17:16,640
Speaker 1: Eco Revolution, and The Wealth Shield, How to Invest and

1265
01:17:16,680 --> 01:17:19,879
Speaker 1: Protect your money from another stock market crash, financial crisis,

1266
01:17:20,000 --> 01:17:24,400
Speaker 1: or a global collapse. He's the editor and investment director

1267
01:17:24,760 --> 01:17:28,679
Speaker 1: of Investing Edge. Please welcome to the program, Jim Woods.

1268
01:17:31,320 --> 01:17:35,479
Speaker 22: Thank you, Larry a very very nice introduction. I appreciate it.

1269
01:17:35,600 --> 01:17:37,919
Speaker 1: And those are just some of the highlights.

1270
01:17:38,680 --> 01:17:42,080
Speaker 22: Jim, I would ask you to continue, but there's no need.

1271
01:17:42,479 --> 01:17:45,040
Speaker 1: Jim. Some years ago, my father, who is a montfred

1272
01:17:45,040 --> 01:17:49,600
Speaker 1: Point Marine, the first black Marines, Dana Robacher, congressman from California,

1273
01:17:49,680 --> 01:17:51,840
Speaker 1: ranged for him to have a ceremony to receive his

1274
01:17:51,880 --> 01:17:55,320
Speaker 1: Congressional Gold medal they had gotten posthumously. So they had

1275
01:17:55,320 --> 01:17:57,160
Speaker 1: this ceremony, by the way, you can watch it on YouTube,

1276
01:17:57,520 --> 01:18:00,320
Speaker 1: and all these beautiful young Marines and their dress lose

1277
01:18:00,360 --> 01:18:03,679
Speaker 1: were there putting on this ceremony. So we all had dinner,

1278
01:18:03,960 --> 01:18:07,000
Speaker 1: maybe twelve of them. I said, how many of you

1279
01:18:07,080 --> 01:18:10,479
Speaker 1: have money in the stock market? Nobody did, I said,

1280
01:18:10,520 --> 01:18:14,960
Speaker 1: you kidding me? Nobody did. I said, you obviously believe

1281
01:18:14,960 --> 01:18:17,559
Speaker 1: in the country, otherwise you wouldn't have volunteered, and yet

1282
01:18:17,600 --> 01:18:20,080
Speaker 1: you don't have money in the stock market. I said,

1283
01:18:20,080 --> 01:18:22,960
Speaker 1: take at least ten percent of every salary and put

1284
01:18:22,960 --> 01:18:24,760
Speaker 1: it in the stock market. I'll even give you a

1285
01:18:24,800 --> 01:18:26,840
Speaker 1: list of stocks to invest in. I gave them ten stocks,

1286
01:18:27,120 --> 01:18:29,719
Speaker 1: just growth stocks which pay dividends, told them to reinvest

1287
01:18:29,760 --> 01:18:32,960
Speaker 1: the dividends. I'm not sure how many did, but isn't

1288
01:18:32,960 --> 01:18:36,000
Speaker 1: that the case. Wouldn't you recommend that every young person

1289
01:18:36,560 --> 01:18:40,000
Speaker 1: get involved in America through the stock market.

1290
01:18:41,640 --> 01:18:44,920
Speaker 22: I mean, Larry, that's exactly what I say to the

1291
01:18:44,960 --> 01:18:47,360
Speaker 22: students that I lecture to at I do some guests

1292
01:18:47,439 --> 01:18:52,440
Speaker 22: lecturing at CBU Local College here and at Chapman University,

1293
01:18:52,920 --> 01:18:54,960
Speaker 22: and the first thing I do is I asked them

1294
01:18:55,000 --> 01:18:57,839
Speaker 22: how many people here have money in the markets?

1295
01:18:58,479 --> 01:18:58,719
Speaker 1: Now?

1296
01:18:58,880 --> 01:19:02,879
Speaker 22: These can be class is of the senior in college

1297
01:19:02,960 --> 01:19:08,160
Speaker 22: economics classes, and sometimes it's even MBA classes, and I'm

1298
01:19:08,200 --> 01:19:12,760
Speaker 22: amazed at the small percentage of people that actually raise

1299
01:19:12,800 --> 01:19:14,320
Speaker 22: their hand and say they have money in the market.

1300
01:19:14,680 --> 01:19:16,760
Speaker 22: Some of them have money in crypto now and they're

1301
01:19:16,760 --> 01:19:19,559
Speaker 22: playing that game. And that's fine, it's a way to

1302
01:19:19,600 --> 01:19:23,679
Speaker 22: get involved in it. But if you are not investing

1303
01:19:23,680 --> 01:19:28,000
Speaker 22: in the market, you are missing out on the greatest

1304
01:19:28,120 --> 01:19:32,639
Speaker 22: wealth creation tool that's ever been devised. Better than real estate,

1305
01:19:32,720 --> 01:19:36,120
Speaker 22: better than even having your own business, better than becoming

1306
01:19:36,160 --> 01:19:40,000
Speaker 22: an attorney or a doctor. There's nothing that replaces the

1307
01:19:40,080 --> 01:19:43,960
Speaker 22: stock markets returns. I mean, let's just look at it.

1308
01:19:44,040 --> 01:19:49,120
Speaker 22: Since two thousand and nine the begin right after the

1309
01:19:49,160 --> 01:19:52,120
Speaker 22: Great Financial Crisis. The S and P five hundred has

1310
01:19:52,120 --> 01:19:55,040
Speaker 22: a total return of nine hundred and thirty percent. Since then,

1311
01:19:56,200 --> 01:19:58,000
Speaker 22: where else are you going to get that return?

1312
01:20:00,680 --> 01:20:04,040
Speaker 1: President Trump gave a speech last night. Obviously it was

1313
01:20:04,080 --> 01:20:07,600
Speaker 1: focused on the economy and on affordability. How did he

1314
01:20:07,680 --> 01:20:10,680
Speaker 1: do and how would you grade his first ten months?

1315
01:20:12,439 --> 01:20:15,040
Speaker 22: I was I thought he was from just from a

1316
01:20:15,080 --> 01:20:17,760
Speaker 22: pure delivery standpoint. He was very a little bit and

1317
01:20:17,800 --> 01:20:20,840
Speaker 22: even more aggressive than he normally is, which is always

1318
01:20:20,880 --> 01:20:24,519
Speaker 22: pretty aggressive. Some people, I'm sure, didn't like that. I

1319
01:20:24,560 --> 01:20:27,600
Speaker 22: didn't mind it because I concentrated on the substance of

1320
01:20:27,720 --> 01:20:32,800
Speaker 22: what the man was saying. I am all for deregulation,

1321
01:20:34,080 --> 01:20:38,320
Speaker 22: lower taxes. The one big beautiful Bill had a lot

1322
01:20:38,400 --> 01:20:42,679
Speaker 22: of both of those, and that is when, in my opinion,

1323
01:20:42,760 --> 01:20:45,720
Speaker 22: is going to be a very good grower of the

1324
01:20:45,800 --> 01:20:50,320
Speaker 22: economy and bullish for the stock market. Now, the one

1325
01:20:50,320 --> 01:20:52,920
Speaker 22: thing that he is intent on doing that I am

1326
01:20:53,000 --> 01:20:55,960
Speaker 22: not a big huge fan of is the tariffs. I

1327
01:20:55,960 --> 01:20:58,400
Speaker 22: know you and I have talked about that before. We're

1328
01:20:58,439 --> 01:21:01,080
Speaker 22: both come from the school of of you know, of

1329
01:21:01,160 --> 01:21:05,400
Speaker 22: Adam Smith and the free market economists that tell us

1330
01:21:05,400 --> 01:21:08,840
Speaker 22: that you'ren't even even having any trayoffs at all, even

1331
01:21:08,880 --> 01:21:12,520
Speaker 22: if they're just even if they're not reciprocal, not just unilateral,

1332
01:21:12,600 --> 01:21:14,479
Speaker 22: is not a good idea. It's back to our benefit

1333
01:21:14,520 --> 01:21:17,160
Speaker 22: if we don't have terriffs, and I actually think that's true.

1334
01:21:18,240 --> 01:21:21,720
Speaker 22: But so far, at least, we haven't seen a big

1335
01:21:21,800 --> 01:21:25,760
Speaker 22: huge rise in inflation due to tariff. So h now

1336
01:21:25,760 --> 01:21:28,360
Speaker 22: that may change in the months ahead. We'll see if

1337
01:21:28,400 --> 01:21:30,559
Speaker 22: that happens. I'll be watching it on a on a

1338
01:21:30,600 --> 01:21:34,040
Speaker 22: regular basis. But just this morning we got CPI report

1339
01:21:34,080 --> 01:21:37,800
Speaker 22: from last month that was cooler than expected, and that

1340
01:21:38,040 --> 01:21:41,360
Speaker 22: is a bullish thing because that'll allow the Federal Reserve

1341
01:21:41,439 --> 01:21:46,280
Speaker 22: to continue cutting rates next year and beyond. And President

1342
01:21:46,280 --> 01:21:48,880
Speaker 22: Trump even in his speech last night, was talking about

1343
01:21:48,920 --> 01:21:51,960
Speaker 22: the FED, the FED and how he's planning on putting

1344
01:21:52,560 --> 01:21:55,479
Speaker 22: a new person in there that is much more dubbish

1345
01:21:55,560 --> 01:21:58,400
Speaker 22: as we call it in the in the business, which

1346
01:21:58,439 --> 01:22:02,040
Speaker 22: means they're more likely to to cut interest rates. So

1347
01:22:02,120 --> 01:22:05,160
Speaker 22: there's a lot of confluence of positives, and most of

1348
01:22:05,200 --> 01:22:08,360
Speaker 22: it is actually independent of what the government is doing.

1349
01:22:08,720 --> 01:22:11,479
Speaker 22: I mean, you could have a compliant government that's more

1350
01:22:12,680 --> 01:22:15,679
Speaker 22: that's more friendly to business like this government is versus

1351
01:22:15,760 --> 01:22:19,519
Speaker 22: the last government. But in the end, it's all about

1352
01:22:19,600 --> 01:22:23,400
Speaker 22: human action. We all make choices, we all have scarcity,

1353
01:22:23,439 --> 01:22:26,719
Speaker 22: we all have to deal with buying and selling things,

1354
01:22:26,800 --> 01:22:29,040
Speaker 22: and companies have to grow their bottom line. How do

1355
01:22:29,080 --> 01:22:31,599
Speaker 22: they do that. They build a better mouse trap, they

1356
01:22:31,600 --> 01:22:35,759
Speaker 22: get better financing, they make things that are more efficient.

1357
01:22:36,160 --> 01:22:39,760
Speaker 22: That's the whole promise of the AI situation. So, I

1358
01:22:39,800 --> 01:22:45,160
Speaker 22: mean there's a lot of positives ahead. I mean people think, oh,

1359
01:22:45,240 --> 01:22:48,559
Speaker 22: with the economies. But from a market perspective, the SMP's

1360
01:22:48,640 --> 01:22:51,280
Speaker 22: up seventeen percent on a total return basis year to date,

1361
01:22:51,720 --> 01:22:53,600
Speaker 22: and that's just the S and P five hundred. The

1362
01:22:53,600 --> 01:22:56,719
Speaker 22: stocks that we have in our portfolio are up forty

1363
01:22:57,080 --> 01:23:00,720
Speaker 22: forty five, one hundred and forty five percent. So you know,

1364
01:23:01,600 --> 01:23:03,200
Speaker 22: if you're looking the way I see it too, is

1365
01:23:03,240 --> 01:23:08,160
Speaker 22: if you're looking for the government to cure your affordability issues,

1366
01:23:08,760 --> 01:23:11,840
Speaker 22: you're basically waiting for GOODO. Okay, it's not going to happen.

1367
01:23:11,920 --> 01:23:14,800
Speaker 22: You need to take your own action by investing, by

1368
01:23:14,960 --> 01:23:18,760
Speaker 22: learning skills that the market will pay for, and by

1369
01:23:19,240 --> 01:23:21,799
Speaker 22: you know, not waiting for someone to fix your problems.

1370
01:23:22,680 --> 01:23:24,880
Speaker 22: This is this is America. We can fix our own

1371
01:23:24,920 --> 01:23:28,200
Speaker 22: problems and if we're given the freedom, like we are

1372
01:23:28,240 --> 01:23:31,840
Speaker 22: giving more and more freedom now, it's not it's the

1373
01:23:31,840 --> 01:23:33,120
Speaker 22: problem is very solvable.

1374
01:23:33,880 --> 01:23:36,879
Speaker 1: My guest is Jim Woods. He's editor and investment director

1375
01:23:36,920 --> 01:23:39,080
Speaker 1: of Investing Edge. If you want to see our seminar,

1376
01:23:39,439 --> 01:23:43,400
Speaker 1: go to Larryeldercan dot com. That's Larryeldercan dot com. I

1377
01:23:43,400 --> 01:23:46,120
Speaker 1: should mention that there's an independent form of firm that

1378
01:23:46,240 --> 01:23:52,320
Speaker 1: ranks investment advisors. His rank is number one financial blogger

1379
01:23:52,360 --> 01:23:55,960
Speaker 1: in the world out of more than six thousand competing analysts,

1380
01:23:56,439 --> 01:23:59,360
Speaker 1: and have been ranked top twelve globally for more than

1381
01:23:59,400 --> 01:24:03,000
Speaker 1: a decade, so that's a pretty impressive record. Jim, are

1382
01:24:03,040 --> 01:24:06,040
Speaker 1: we in a quote unquote affordability crisis?

1383
01:24:07,080 --> 01:24:09,240
Speaker 22: I mean, I don't think so unless you're at the

1384
01:24:09,360 --> 01:24:14,840
Speaker 22: very bottom quintile of income earners, and then you're always

1385
01:24:15,160 --> 01:24:18,400
Speaker 22: in an affordability crisis, and badly. I mean, if if

1386
01:24:18,439 --> 01:24:21,320
Speaker 22: you can't make more than minimum wage or or you're

1387
01:24:21,479 --> 01:24:24,280
Speaker 22: living on substandard wage, you know you're always going to

1388
01:24:24,280 --> 01:24:28,559
Speaker 22: have a struggle finding dealing with life. But if you

1389
01:24:28,600 --> 01:24:30,680
Speaker 22: look at the there's really there's been a lot of

1390
01:24:30,680 --> 01:24:35,760
Speaker 22: polls recently where it shows that people that have money

1391
01:24:35,800 --> 01:24:40,000
Speaker 22: in the stock market are far less worried about daily

1392
01:24:40,080 --> 01:24:43,600
Speaker 22: costs of living. Why because they know their money is

1393
01:24:43,680 --> 01:24:46,479
Speaker 22: growing at a rate that is going to more than

1394
01:24:46,520 --> 01:24:50,720
Speaker 22: makeup for the rate for the higher costs that they

1395
01:24:50,760 --> 01:24:53,440
Speaker 22: have to pay out of pocket. Now, I'm not discounting

1396
01:24:53,520 --> 01:24:56,040
Speaker 22: the fact that eggs are higher in price, although they

1397
01:24:56,080 --> 01:24:58,920
Speaker 22: come back down, and that we had these eight percent

1398
01:24:58,960 --> 01:25:01,599
Speaker 22: inflation during the BUI. In years now we have two

1399
01:25:01,600 --> 01:25:04,720
Speaker 22: point seven percent inflation, so things are improving, but we

1400
01:25:04,760 --> 01:25:07,120
Speaker 22: still have a little bit of inflation. So it's not

1401
01:25:07,160 --> 01:25:09,760
Speaker 22: like I'm saying, I'm not just counting the fact that

1402
01:25:09,840 --> 01:25:12,040
Speaker 22: people have to pay more. I mean, I'm paying more

1403
01:25:12,080 --> 01:25:14,920
Speaker 22: for meat, I'm paying more for coffee, I'm paying more

1404
01:25:15,000 --> 01:25:18,320
Speaker 22: for wine, I'm paying more for Swiss watches, all the

1405
01:25:18,360 --> 01:25:20,760
Speaker 22: things I love in life, Larry, I'm paying more for.

1406
01:25:21,040 --> 01:25:25,520
Speaker 22: But guess what, my stock market portfolio is also a huge.

1407
01:25:26,120 --> 01:25:29,639
Speaker 1: What is your reaction when President Trump touts the stock

1408
01:25:29,680 --> 01:25:33,639
Speaker 1: market that Al Jones the S and P going up Nasdaq,

1409
01:25:34,160 --> 01:25:36,400
Speaker 1: and then the retort is, well, only rich people have

1410
01:25:36,439 --> 01:25:38,519
Speaker 1: money in the stock market. You have about forty five

1411
01:25:38,520 --> 01:25:39,439
Speaker 1: seconds to respond to that.

1412
01:25:40,200 --> 01:25:43,400
Speaker 22: Yeah, Well, first of all, that's inaccurate because most people

1413
01:25:43,479 --> 01:25:47,040
Speaker 22: that have a job and that are in the marketplace

1414
01:25:47,320 --> 01:25:49,840
Speaker 22: have four to oh one K money or some kind

1415
01:25:49,840 --> 01:25:53,040
Speaker 22: of IRA. So we all are participating in the markets.

1416
01:25:53,240 --> 01:25:55,040
Speaker 22: I mean even if you unless you're at the very

1417
01:25:55,080 --> 01:25:58,400
Speaker 22: bottom rung as I said, So that's not true in

1418
01:25:58,439 --> 01:26:01,960
Speaker 22: the first place. And secondly, the stock markets growth benefits

1419
01:26:02,040 --> 01:26:04,439
Speaker 22: the entire economy. I don't care if you don't have

1420
01:26:04,479 --> 01:26:07,920
Speaker 22: any stocks. If Walmart's doing well on their bottom line

1421
01:26:07,960 --> 01:26:11,080
Speaker 22: and their stocks going up, you're gonna benefit because you

1422
01:26:11,120 --> 01:26:14,200
Speaker 22: get to get you get the benefit of that kind

1423
01:26:14,200 --> 01:26:19,439
Speaker 22: of corporate growth dividend. And so it's all about everyone

1424
01:26:19,560 --> 01:26:22,120
Speaker 22: doing well. And it's just a class warfare thing when.

1425
01:26:21,960 --> 01:26:24,000
Speaker 1: People say that, I'm talking to the number one financial

1426
01:26:24,040 --> 01:26:26,080
Speaker 1: blogger in the world, Jim Wood. We're taking your calls

1427
01:26:26,080 --> 01:26:28,080
Speaker 1: at triple eight nine seven one seven two four to three,

1428
01:26:28,120 --> 01:26:29,800
Speaker 1: Triple eight ninete one stage.

1429
01:26:32,160 --> 01:26:35,760
Speaker 9: Of the largest tax cuts in American history that were

1430
01:26:36,040 --> 01:26:40,400
Speaker 9: really accomplished through our great, big, beautiful Bill, perhaps the

1431
01:26:40,479 --> 01:26:45,439
Speaker 9: most sweeping legislation ever passed in Congress. We wrapped twelve

1432
01:26:45,600 --> 01:26:49,720
Speaker 9: different bills up into one beautiful bill that includes no

1433
01:26:49,840 --> 01:26:53,320
Speaker 9: tax on tips, no tax on overtime, and no tax

1434
01:26:53,439 --> 01:26:58,400
Speaker 9: on Social Security for our great seniors. Under these cuts,

1435
01:26:58,520 --> 01:27:03,000
Speaker 9: many families will be saying between eleven thousand and twenty

1436
01:27:03,120 --> 01:27:06,800
Speaker 9: thousand dollars a year, and next spring is projected to

1437
01:27:06,840 --> 01:27:10,120
Speaker 9: be the largest tax refund season of all times.

1438
01:27:11,439 --> 01:27:14,599
Speaker 1: Triple eight nine seven one sage Triple eight nine seven

1439
01:27:14,640 --> 01:27:18,120
Speaker 1: one seven two four to three Larry Elder, Salem News Channel. Now,

1440
01:27:18,160 --> 01:27:20,479
Speaker 1: with your help, I will be blessing over seven hundred

1441
01:27:20,560 --> 01:27:23,000
Speaker 1: kids who, through no fault of their own, won't be

1442
01:27:23,040 --> 01:27:25,559
Speaker 1: with their mom or dad this Christmas because one or

1443
01:27:25,560 --> 01:27:29,439
Speaker 1: both parents are in prison. As of laught evening, there

1444
01:27:29,439 --> 01:27:33,000
Speaker 1: are still more kids waiting. Christmas is only seven days away,

1445
01:27:33,280 --> 01:27:34,960
Speaker 1: but there's still time for you to join us by

1446
01:27:34,960 --> 01:27:37,759
Speaker 1: going to Larryelder dot com and clicking on the angel

1447
01:27:37,760 --> 01:27:40,479
Speaker 1: Tree banner. If you wonder how your gift of only

1448
01:27:40,520 --> 01:27:43,720
Speaker 1: thirty dollars can change a child's life, just listen to

1449
01:27:43,760 --> 01:27:45,760
Speaker 1: Angel Tree volunteer Renee.

1450
01:27:45,880 --> 01:27:47,920
Speaker 5: While I was there in prison, I had to spend

1451
01:27:47,920 --> 01:27:50,680
Speaker 5: three years apart from my child for my sentence, and

1452
01:27:50,760 --> 01:27:52,800
Speaker 5: during that time, of course, she began to grow, and

1453
01:27:53,240 --> 01:27:56,519
Speaker 5: Christmas time came along. I signed up for angel Tree,

1454
01:27:56,680 --> 01:28:01,120
Speaker 5: and once she was able to start receiving gifts. You know,

1455
01:28:01,200 --> 01:28:03,519
Speaker 5: angel Tree would show up like I was right there

1456
01:28:03,560 --> 01:28:05,719
Speaker 5: with her for Christmas and it kept us connected.

1457
01:28:05,800 --> 01:28:08,240
Speaker 6: So that was how I got started with angel Tree.

1458
01:28:08,920 --> 01:28:12,040
Speaker 1: Trust me, if you join my other listeners and making

1459
01:28:12,120 --> 01:28:15,000
Speaker 1: a gift today, it will bless you as much as

1460
01:28:15,040 --> 01:28:17,120
Speaker 1: a boy or girl waiting to hear he or she

1461
01:28:17,160 --> 01:28:20,160
Speaker 1: will be getting a present, a Bible and a personalized

1462
01:28:20,200 --> 01:28:23,479
Speaker 1: note from his or her incarcerated parent on Christmas morning.

1463
01:28:24,160 --> 01:28:26,840
Speaker 1: My Angel Tree number eight eight eight two O six

1464
01:28:26,960 --> 01:28:29,600
Speaker 1: twenty eight fifty five. That's eight eight eight two O

1465
01:28:29,760 --> 01:28:34,479
Speaker 1: six twenty eight fifty five. Let's all ban together to

1466
01:28:34,560 --> 01:28:37,679
Speaker 1: help bless these wonderful boys and girls on Christmas morning

1467
01:28:38,000 --> 01:28:40,920
Speaker 1: next week. Thanks for joining me as we pull our

1468
01:28:40,960 --> 01:28:43,720
Speaker 1: resources to be the hands and feet of Jesus through

1469
01:28:43,760 --> 01:28:47,840
Speaker 1: Prison Fellowship's Angel Tree program. Eight eight eight two O

1470
01:28:48,040 --> 01:28:50,920
Speaker 1: six twenty eight fifty five. That's eight eight eight two

1471
01:28:50,920 --> 01:28:53,520
Speaker 1: O six twenty eight fifty five. Or go to Larryelder

1472
01:28:53,600 --> 01:28:55,280
Speaker 1: dot com and you'll see the Angel Tree banner at

1473
01:28:55,320 --> 01:28:59,400
Speaker 1: the very top. Again. My guest is Jim Wood's editor

1474
01:28:59,560 --> 01:29:02,920
Speaker 1: and investment director of Investing Edge. You can watch our

1475
01:29:03,000 --> 01:29:07,080
Speaker 1: seminar called Investing Summit The theme was American go to

1476
01:29:07,160 --> 01:29:13,080
Speaker 1: Larryeldercan dot com. That's Larryeldercan dot com. Paul is in Lamarada, California. Paul,

1477
01:29:13,120 --> 01:29:16,280
Speaker 1: you're on with Jim Woods and Larry.

1478
01:29:16,560 --> 01:29:18,760
Speaker 12: Hey, Larry, Hey, I'm glad.

1479
01:29:18,800 --> 01:29:21,639
Speaker 28: I'm happy to be on your show. Hey, Larry, Look,

1480
01:29:22,160 --> 01:29:23,519
Speaker 28: I'm a Trump supporter, just so you know.

1481
01:29:23,560 --> 01:29:26,120
Speaker 11: Okay, However, I'm like.

1482
01:29:26,080 --> 01:29:28,920
Speaker 28: I have an experience with all this. Okay, you ran

1483
01:29:28,960 --> 01:29:32,240
Speaker 28: on crypto and and and you know a lot of

1484
01:29:32,240 --> 01:29:36,120
Speaker 28: the stock big hedge funt people are manipulating the crypto

1485
01:29:36,160 --> 01:29:40,000
Speaker 28: market right now, your guests. Your guest is talking about

1486
01:29:40,080 --> 01:29:41,680
Speaker 28: you know, this is the best time to invest. The

1487
01:29:41,720 --> 01:29:44,519
Speaker 28: middle class cannot the SP five hundred. It's a good

1488
01:29:44,560 --> 01:29:47,240
Speaker 28: investment if you could buy a thousands of stocks. Okay,

1489
01:29:47,280 --> 01:29:51,680
Speaker 28: the middle class cannot buy that much. What a the

1490
01:29:51,720 --> 01:29:52,840
Speaker 28: SP five hundred close today?

1491
01:29:53,720 --> 01:29:57,360
Speaker 1: I think, Paul. Surely, Paul, surely you've heard of mutual funds.

1492
01:29:57,360 --> 01:30:00,560
Speaker 1: That's what they're for. But but I but let me,

1493
01:30:00,680 --> 01:30:02,040
Speaker 1: let me let me have Jim, let me have Jim

1494
01:30:02,040 --> 01:30:02,919
Speaker 1: answered the question.

1495
01:30:02,720 --> 01:30:07,400
Speaker 22: Though, Yeah, do you have one hundred dollars?

1496
01:30:07,960 --> 01:30:09,280
Speaker 12: I have hundred dollars?

1497
01:30:09,280 --> 01:30:12,439
Speaker 22: Two best yet, Well, then how come you're not invested

1498
01:30:12,439 --> 01:30:16,240
Speaker 22: in Wait, no, you don't have to wait thirty years.

1499
01:30:15,640 --> 01:30:16,160
Speaker 29: On the return.

1500
01:30:16,920 --> 01:30:18,599
Speaker 12: Okay, Well, if you're if.

1501
01:30:18,439 --> 01:30:22,640
Speaker 22: You're a if you're a subscriber to my newsletter, you

1502
01:30:22,640 --> 01:30:25,519
Speaker 22: would have several positions up one hundred and forty five percent,

1503
01:30:26,040 --> 01:30:30,000
Speaker 22: forty percent, forty five percent your portfolio, your growth portfolio

1504
01:30:30,000 --> 01:30:32,679
Speaker 22: would be up about forty percent year to date. Now

1505
01:30:33,400 --> 01:30:35,559
Speaker 22: you don't have to buy every one of those stocks.

1506
01:30:36,080 --> 01:30:40,840
Speaker 22: You can buy a basic NASDAQ one hundred fund through

1507
01:30:41,200 --> 01:30:44,920
Speaker 22: an exchange traded fund. You go to Robinhood, you open

1508
01:30:45,000 --> 01:30:47,280
Speaker 22: up an account with one hundred dollars, You put that

1509
01:30:47,400 --> 01:30:49,680
Speaker 22: money in, and then you keep putting a little bit

1510
01:30:49,760 --> 01:30:53,439
Speaker 22: money of money in as you can afford it, and

1511
01:30:53,479 --> 01:30:56,120
Speaker 22: before you know it, you have money. Now, if you're

1512
01:30:56,439 --> 01:30:59,880
Speaker 22: someone who's not in a position at all to earn

1513
01:31:00,120 --> 01:31:04,000
Speaker 22: enough money to put money in the market, then the

1514
01:31:04,040 --> 01:31:07,920
Speaker 22: best her best revenge is to get more skills and

1515
01:31:08,040 --> 01:31:11,080
Speaker 22: to work harder, start your own business, do something to

1516
01:31:11,240 --> 01:31:14,679
Speaker 22: right your ship. Because if you're waiting for President Trump

1517
01:31:14,720 --> 01:31:17,320
Speaker 22: to do it, or if you're waiting for President Vance

1518
01:31:17,400 --> 01:31:19,920
Speaker 22: to do it, or if you're waiting for anybody in

1519
01:31:19,960 --> 01:31:23,840
Speaker 22: the White House to fix your problems you're in trouble, or.

1520
01:31:23,760 --> 01:31:26,320
Speaker 1: I would also add this to Jim, to organize your life.

1521
01:31:26,400 --> 01:31:31,639
Speaker 1: I remember reading that parents who homeschool their kids don't

1522
01:31:31,680 --> 01:31:34,360
Speaker 1: have any more money than those who don't. They just

1523
01:31:34,520 --> 01:31:38,760
Speaker 1: live lower, have refused to take vacations, kept their car

1524
01:31:38,880 --> 01:31:41,320
Speaker 1: two or three years longer, adjusted their life that they

1525
01:31:41,360 --> 01:31:44,400
Speaker 1: could afford to stay home so they could homeschool their kids.

1526
01:31:44,439 --> 01:31:45,920
Speaker 1: These are choices that we can make.

1527
01:31:47,160 --> 01:31:51,360
Speaker 22: Exactly, Larry. I mean, look, everybody wants everything right now.

1528
01:31:52,000 --> 01:31:54,880
Speaker 22: Kids get out of college right now. They want to

1529
01:31:54,880 --> 01:31:59,040
Speaker 22: be the CEO, okay, but they don't have any job experience.

1530
01:31:59,680 --> 01:31:59,840
Speaker 24: Now.

1531
01:32:00,560 --> 01:32:02,680
Speaker 22: I know when you and I were growing up, we

1532
01:32:02,680 --> 01:32:04,920
Speaker 22: were like, Okay, I need to get an education. I

1533
01:32:04,920 --> 01:32:06,760
Speaker 22: need to go to graduate school. I need to learn

1534
01:32:06,800 --> 01:32:09,080
Speaker 22: a skill that somebody is willing to compensate me for,

1535
01:32:09,520 --> 01:32:12,960
Speaker 22: and that is how I'm going to become successful. So

1536
01:32:13,000 --> 01:32:16,400
Speaker 22: that's what we did. We didn't just sit around saying, oh,

1537
01:32:16,640 --> 01:32:19,600
Speaker 22: you know, we need some subsidies for our healthcare. No,

1538
01:32:20,800 --> 01:32:23,240
Speaker 22: go out and make our own subsidies. Now, I know

1539
01:32:23,320 --> 01:32:26,440
Speaker 22: that that's easier said than done, and I'm not discounting

1540
01:32:26,439 --> 01:32:30,000
Speaker 22: the difficulty in life, but we all face these difficulties

1541
01:32:30,000 --> 01:32:34,720
Speaker 22: in life, and they're very surmountable if you have the

1542
01:32:34,760 --> 01:32:36,920
Speaker 22: grit to do it. I mean, look at your father.

1543
01:32:37,720 --> 01:32:39,400
Speaker 22: I mean, your father is a perfect example of a

1544
01:32:39,439 --> 01:32:43,880
Speaker 22: man like with a will of stone and did all

1545
01:32:43,920 --> 01:32:46,719
Speaker 22: the right things in life. And look what he looked.

1546
01:32:46,800 --> 01:32:47,960
Speaker 22: Look how his life turned out.

1547
01:32:49,080 --> 01:32:51,400
Speaker 1: Ronald, is it Kenoga Park? Ronald? You're on with Jim

1548
01:32:51,439 --> 01:32:53,120
Speaker 1: Woods and Larry.

1549
01:32:53,960 --> 01:32:57,120
Speaker 30: Hello, mister Woods. Larry's good to hear you you too.

1550
01:32:57,680 --> 01:33:00,960
Speaker 30: The question I had was, I don't see just the

1551
01:33:01,160 --> 01:33:06,559
Speaker 30: economy really being able to produce jobs on any massive skill.

1552
01:33:07,360 --> 01:33:09,360
Speaker 30: Every time you read the Wall Street Jail there you

1553
01:33:09,439 --> 01:33:15,240
Speaker 30: hear of major IT companies laying off people being able to.

1554
01:33:15,200 --> 01:33:16,680
Speaker 29: Do more with less.

1555
01:33:17,120 --> 01:33:21,080
Speaker 1: Any comment on that, it's it's a great question. And

1556
01:33:21,520 --> 01:33:24,679
Speaker 1: essentially what he's saying is I think unemployment got to

1557
01:33:24,720 --> 01:33:28,679
Speaker 1: four point six or four point seven recently. Is AI

1558
01:33:28,800 --> 01:33:31,280
Speaker 1: going to destroy jobs in the future or in the

1559
01:33:31,320 --> 01:33:33,679
Speaker 1: short term, will to destroy some jobs in the long term,

1560
01:33:33,880 --> 01:33:35,559
Speaker 1: will to make more job than it destroys?

1561
01:33:37,520 --> 01:33:39,600
Speaker 22: I think, I mean, it's a very good question, and

1562
01:33:39,720 --> 01:33:44,120
Speaker 22: I the labor market is the one area of the

1563
01:33:44,160 --> 01:33:49,120
Speaker 22: economy that has not kicked in into high gear as

1564
01:33:49,120 --> 01:33:51,800
Speaker 22: it were There's a lot of reasons for that. I mean,

1565
01:33:51,840 --> 01:33:55,000
Speaker 22: part of it is after the pandemic there was a

1566
01:33:55,040 --> 01:33:59,479
Speaker 22: lot of job growth, and that's cool down now companies

1567
01:33:59,520 --> 01:34:02,080
Speaker 22: going to staff up to get ready for the rebound.

1568
01:34:02,160 --> 01:34:04,679
Speaker 22: They did that and now they're seeing Now we're seeing

1569
01:34:04,680 --> 01:34:07,960
Speaker 22: that you know, maybe we over hired a little bit

1570
01:34:08,040 --> 01:34:11,760
Speaker 22: during that time period, so there has been job contraction.

1571
01:34:12,840 --> 01:34:17,960
Speaker 22: It's a real thing, and the AI situation, a lot

1572
01:34:18,000 --> 01:34:21,280
Speaker 22: of people are worried about it in an existential threat

1573
01:34:21,320 --> 01:34:23,920
Speaker 22: to humanity, that kind of thing. I don't think that

1574
01:34:24,040 --> 01:34:28,240
Speaker 22: is accurate. I think that's overblown and hyperbole. But in

1575
01:34:28,280 --> 01:34:33,960
Speaker 22: the short run, just like every other major change in

1576
01:34:34,000 --> 01:34:38,200
Speaker 22: the economy or disruptive technology, you are always going to

1577
01:34:38,280 --> 01:34:41,920
Speaker 22: have some people that win and some people that lose.

1578
01:34:42,240 --> 01:34:46,320
Speaker 22: And it's very difficult to do anything about that because

1579
01:34:46,320 --> 01:34:49,200
Speaker 22: that's the way the world is now. The only your

1580
01:34:49,240 --> 01:34:51,760
Speaker 22: only revenge is to keep up with different skills and that,

1581
01:34:51,840 --> 01:34:53,400
Speaker 22: like I said, that's easier said than done.

1582
01:34:53,400 --> 01:34:56,479
Speaker 1: As well. To view the investment summit, Jim and I

1583
01:34:56,520 --> 01:35:01,000
Speaker 1: did go to Larryeldercan dot com. Larryeldercant, We'll come back.

1584
01:35:01,000 --> 01:35:02,479
Speaker 1: I want to ask you, where would we be if

1585
01:35:02,520 --> 01:35:04,719
Speaker 1: Kamala Harris had won the presidency.

1586
01:35:05,800 --> 01:35:07,640
Speaker 23: People walking about.

1587
01:35:09,600 --> 01:35:12,680
Speaker 3: We'll be balling in love.

1588
01:35:12,160 --> 01:35:14,679
Speaker 1: Triple eight nine seven one s A G E Triple

1589
01:35:14,720 --> 01:35:16,680
Speaker 1: eight nine seven one seven two fourth three. He is

1590
01:35:16,720 --> 01:35:21,280
Speaker 1: the editor and investment director of Investing Edge. Our seminar

1591
01:35:21,360 --> 01:35:24,920
Speaker 1: can be viewed on Larry eldercan dot com. That's Larry

1592
01:35:24,960 --> 01:35:30,920
Speaker 1: Eldercant Calm. The theme was American triple eight nine seven

1593
01:35:31,000 --> 01:35:34,360
Speaker 1: one s A G E. Is the number? Dan is

1594
01:35:34,400 --> 01:35:37,160
Speaker 1: in Omaha, Nebraska. Dan, you're on with Jim Woods and

1595
01:35:37,240 --> 01:35:39,240
Speaker 1: Larry Hi.

1596
01:35:39,400 --> 01:35:41,280
Speaker 12: Jim Hi, Larry Dan, how are.

1597
01:35:41,200 --> 01:35:44,240
Speaker 27: You going back to the great great great Hey, going

1598
01:35:44,320 --> 01:35:47,400
Speaker 27: back to the part where you said tariffs, we shouldn't

1599
01:35:47,479 --> 01:35:51,200
Speaker 27: charge him. It seems like it works out really good

1600
01:35:51,200 --> 01:35:56,000
Speaker 27: for all these other countries to charge us for tariffs.

1601
01:35:56,040 --> 01:35:57,439
Speaker 1: Correct, Jim, what about that?

1602
01:35:58,560 --> 01:35:59,320
Speaker 3: Yeah? I did.

1603
01:35:59,479 --> 01:36:02,479
Speaker 22: I don't think that that's true for one. And the

1604
01:36:02,479 --> 01:36:04,240
Speaker 22: way I see it is, if the country wants to

1605
01:36:04,240 --> 01:36:08,920
Speaker 22: punish their own citizens doing tariffs on their own citizens,

1606
01:36:09,560 --> 01:36:12,840
Speaker 22: that's their prerogative. But I would not rather not be

1607
01:36:12,920 --> 01:36:17,439
Speaker 22: punished here for my own economic choices. Think of it

1608
01:36:17,520 --> 01:36:21,920
Speaker 22: like that. I mean, when any government, not just President Trump,

1609
01:36:21,920 --> 01:36:25,519
Speaker 22: but anyone who imposes tariffs. It's historically been the case

1610
01:36:26,760 --> 01:36:30,120
Speaker 22: is tariffs are attacks on individuals or at tax on

1611
01:36:30,200 --> 01:36:33,960
Speaker 22: the importers. So we're not bringing in money from other countries.

1612
01:36:34,280 --> 01:36:38,679
Speaker 22: The tariffs are paid by American producers for the privilege

1613
01:36:38,680 --> 01:36:42,240
Speaker 22: of bringing things into the country. So I think it's

1614
01:36:42,320 --> 01:36:45,000
Speaker 22: a violation of rights to have to put to be

1615
01:36:45,080 --> 01:36:48,960
Speaker 22: punished for that purpose. So that's why I'm opposed to it. Now,

1616
01:36:49,360 --> 01:36:52,960
Speaker 22: whether the economic situation is going to be harmed in

1617
01:36:53,000 --> 01:36:56,800
Speaker 22: a great extent, that's what that remains to be seen.

1618
01:36:57,280 --> 01:37:00,200
Speaker 22: I don't think history is in favor of tariffs, but

1619
01:37:00,360 --> 01:37:04,759
Speaker 22: also histories is in favor of deregulation and taxes spurring

1620
01:37:04,760 --> 01:37:07,880
Speaker 22: the economy. So perhaps that will, you know, balance things out.

1621
01:37:07,920 --> 01:37:09,000
Speaker 22: I'm hoping that's the case.

1622
01:37:09,479 --> 01:37:11,280
Speaker 1: Mark is in Granada Hills and Mark, you're on with

1623
01:37:11,320 --> 01:37:12,240
Speaker 1: Jim Woods and Larry.

1624
01:37:13,960 --> 01:37:14,280
Speaker 31: Hello.

1625
01:37:14,560 --> 01:37:14,920
Speaker 10: Hey.

1626
01:37:15,280 --> 01:37:19,840
Speaker 31: Earlier in the show, Larry, you said that inflation should

1627
01:37:20,160 --> 01:37:24,160
Speaker 31: be there should be no inflation, it should be zero,

1628
01:37:24,400 --> 01:37:27,719
Speaker 31: and yeah, it should be zero. And then I've heard

1629
01:37:27,800 --> 01:37:31,960
Speaker 31: from you know, over last in administrations are five that

1630
01:37:32,400 --> 01:37:33,799
Speaker 31: it should be two and a half percent.

1631
01:37:33,960 --> 01:37:37,080
Speaker 1: So what's the story, Jim, you take that one you know,

1632
01:37:37,080 --> 01:37:39,360
Speaker 1: when I studied economics one O one, I always heard

1633
01:37:39,360 --> 01:37:42,840
Speaker 1: the ideal inflation was zero points zero zero. But we

1634
01:37:43,000 --> 01:37:44,760
Speaker 1: have we have now gotten used to the idea that

1635
01:37:44,800 --> 01:37:45,719
Speaker 1: it should be two percent.

1636
01:37:45,840 --> 01:37:48,679
Speaker 22: What is your take, Yeah, yeah, I mean the FEDS

1637
01:37:48,800 --> 01:37:52,880
Speaker 22: target inflation rate is two percent, so it's actually a

1638
01:37:52,880 --> 01:37:56,360
Speaker 22: matter of official central bank policy that they want to

1639
01:37:56,400 --> 01:38:01,120
Speaker 22: see inflation surge. Now, ideal these zero percent would be best.

1640
01:38:01,160 --> 01:38:05,559
Speaker 22: Now a contraction, though, a deflationary environment would not be

1641
01:38:05,680 --> 01:38:09,559
Speaker 22: good because that means there's no growth. So the mod

1642
01:38:09,680 --> 01:38:14,519
Speaker 22: in modern economics, which has a lot of problems, but

1643
01:38:14,600 --> 01:38:16,880
Speaker 22: the theory at least is that you are going to

1644
01:38:16,960 --> 01:38:19,880
Speaker 22: grow the economy, you have to inflate the economy is

1645
01:38:19,920 --> 01:38:24,360
Speaker 22: a little bit in order for economic growth to continue.

1646
01:38:24,400 --> 01:38:26,000
Speaker 22: So it's a trade off. You're going to pay more

1647
01:38:26,000 --> 01:38:28,360
Speaker 22: on prices, but the growth is going to be higher. Now,

1648
01:38:28,479 --> 01:38:31,000
Speaker 22: if we have two percent inflation, four or five six

1649
01:38:31,040 --> 01:38:35,240
Speaker 22: percent economic growth, that's a dream scenario right there. I

1650
01:38:35,240 --> 01:38:35,840
Speaker 22: can live with that.

1651
01:38:37,000 --> 01:38:39,160
Speaker 1: Victor is in Princeton, New Jersey. Victory. You're home with

1652
01:38:39,200 --> 01:38:40,120
Speaker 1: Jim Woods and Larry.

1653
01:38:41,520 --> 01:38:44,080
Speaker 26: Thank you Larry for taking m calls. Lcome to your guests.

1654
01:38:44,360 --> 01:38:48,519
Speaker 26: Quick question, right, quick mentioned something about the labor about

1655
01:38:48,520 --> 01:38:53,680
Speaker 26: the labor force growing. Don't I think going to be

1656
01:38:53,960 --> 01:38:58,360
Speaker 26: in trouble with the labor force growing? Don't you think

1657
01:38:58,360 --> 01:39:01,559
Speaker 26: the twelve or fifteen million illegal migrants to come in

1658
01:39:01,560 --> 01:39:07,040
Speaker 26: that we're paying on such lower scale that our labor

1659
01:39:07,400 --> 01:39:09,360
Speaker 26: labor force is not going to be able to grow

1660
01:39:09,400 --> 01:39:13,599
Speaker 26: until we get a large amount of those people out

1661
01:39:14,560 --> 01:39:16,839
Speaker 26: so our labor force can grow in other areas.

1662
01:39:17,360 --> 01:39:19,320
Speaker 1: Jim, what's your take on that? As you know, over

1663
01:39:19,360 --> 01:39:22,280
Speaker 1: the last four years, Trump put the number at twenty million.

1664
01:39:22,640 --> 01:39:24,640
Speaker 1: That's the highest number I've heard anybody put it at.

1665
01:39:24,680 --> 01:39:27,439
Speaker 1: Most people say twelve to fifteen million illegal aliens came

1666
01:39:27,479 --> 01:39:30,720
Speaker 1: in the four years under under Biden. But isn't that

1667
01:39:30,760 --> 01:39:33,760
Speaker 1: a net drain on our economy?

1668
01:39:34,640 --> 01:39:37,360
Speaker 22: Well, I'm going to go back to my free market

1669
01:39:37,439 --> 01:39:41,760
Speaker 22: roots here, Larry and argue in favor of immigration being

1670
01:39:41,760 --> 01:39:45,799
Speaker 22: a net positive for you if it's legal. If it's legal,

1671
01:39:45,920 --> 01:39:49,760
Speaker 22: I mean even now, I'm not for this, but even

1672
01:39:49,800 --> 01:39:53,519
Speaker 22: if it is illegal, you are still paying for a service.

1673
01:39:53,840 --> 01:39:58,160
Speaker 22: An employer, an agriculture company is still paying money to

1674
01:39:58,320 --> 01:40:01,320
Speaker 22: people to harvest their to get those crops to the

1675
01:40:01,360 --> 01:40:04,360
Speaker 22: market so that you and I can buy tomatoes. So

1676
01:40:05,040 --> 01:40:07,439
Speaker 22: there's there's a positive element to that. It is a

1677
01:40:07,479 --> 01:40:08,799
Speaker 22: positive from that respect.

1678
01:40:08,920 --> 01:40:13,080
Speaker 1: Now, but Milton Freeman and you and I are both doublets.

1679
01:40:13,080 --> 01:40:15,960
Speaker 1: And Milton Freeman he said, you can't have open borders

1680
01:40:16,000 --> 01:40:18,680
Speaker 1: and a welfare state. We have a welfare.

1681
01:40:18,280 --> 01:40:22,200
Speaker 22: State, And yeah, that's exactly right there. The welfare state

1682
01:40:22,280 --> 01:40:25,639
Speaker 22: is the problem. It's always the welfare state that's the problem.

1683
01:40:25,800 --> 01:40:30,080
Speaker 22: It's just like just like all big government booms and

1684
01:40:30,080 --> 01:40:34,640
Speaker 22: busts is always created by government. Yeah, we get rid

1685
01:40:34,680 --> 01:40:38,719
Speaker 22: of the welfare state. I'm all for open borders again.

1686
01:40:38,720 --> 01:40:40,920
Speaker 1: If you want to watch our investment summit, go to

1687
01:40:41,000 --> 01:40:44,680
Speaker 1: Larryeldercan dot com the Larryeldercan dot com. The theme is

1688
01:40:45,040 --> 01:40:50,040
Speaker 1: American Now. Cole comes swiftly to Ukraine, and for elderly

1689
01:40:50,120 --> 01:40:53,080
Speaker 1: Jews like Olga, it can be deadly. Olga is seventy

1690
01:40:53,160 --> 01:40:55,280
Speaker 1: nine years old. She lives in a small village where

1691
01:40:55,280 --> 01:40:58,479
Speaker 1: there's no indoor plumbing, no bathroom, no reliable access to heating.

1692
01:40:58,880 --> 01:41:01,599
Speaker 1: Each day she must pump water from a well, even

1693
01:41:01,640 --> 01:41:04,320
Speaker 1: in sub zero temperatures to lose the rest To use

1694
01:41:04,360 --> 01:41:06,640
Speaker 1: the restrooms, you must walk through the bitter cold to

1695
01:41:06,720 --> 01:41:10,800
Speaker 1: reach an outhouse. Her meager pension is not enough to

1696
01:41:10,800 --> 01:41:14,559
Speaker 1: cover food, medicine, and heat. Poverty threatens to consume her life.

1697
01:41:14,640 --> 01:41:18,639
Speaker 1: But when all seemed lost, Olga received a nourishing food box,

1698
01:41:19,040 --> 01:41:22,240
Speaker 1: emergency of lighting, and a warm blanket. The aid is

1699
01:41:22,280 --> 01:41:25,200
Speaker 1: a life saving gift for someone like Olga. The visit

1700
01:41:25,240 --> 01:41:28,559
Speaker 1: from Fellowship staff lifted her spirits and reminded her she

1701
01:41:29,120 --> 01:41:33,120
Speaker 1: is not forgotten. Today, thousands of elderly Jews across Ukraine

1702
01:41:33,240 --> 01:41:36,599
Speaker 1: and the former Soviet Union faced similar struggles. Their homes

1703
01:41:36,640 --> 01:41:39,960
Speaker 1: are fragile against the cold, their resources are scarce, and

1704
01:41:40,000 --> 01:41:42,439
Speaker 1: their health is fragile. For them, winter is not just

1705
01:41:42,479 --> 01:41:48,160
Speaker 1: a season. URGENTIFCJ dot org. URGENTIFCJ dot org.

1706
01:41:58,439 --> 01:42:02,160
Speaker 9: We are now seeing reverse migration as migrants go back home,

1707
01:42:02,560 --> 01:42:06,360
Speaker 9: leaving more housing and more jobs for Americans. In the

1708
01:42:06,439 --> 01:42:10,600
Speaker 9: year before my election, all net creation of jobs was

1709
01:42:10,720 --> 01:42:15,439
Speaker 9: going to foreign migrants. Since I took office, one hundred

1710
01:42:15,520 --> 01:42:20,560
Speaker 9: percent of all net job creation has gone to American

1711
01:42:20,960 --> 01:42:23,839
Speaker 9: born citizens one hundred percent.

1712
01:42:24,640 --> 01:42:26,840
Speaker 3: In the end, government either.

1713
01:42:26,680 --> 01:42:31,320
Speaker 9: Serves the productive, patriotic, hardworking American citizen, or it serves

1714
01:42:31,360 --> 01:42:35,200
Speaker 9: those who break the laws, cheat the system, and seek

1715
01:42:35,240 --> 01:42:38,720
Speaker 9: power and profit at the expense of our nation.

1716
01:42:40,160 --> 01:42:43,360
Speaker 1: Triple eight nine seven one Sage Triple eight nine seven

1717
01:42:43,439 --> 01:42:46,040
Speaker 1: one seven two four to three. Larry Older Staleum News Channel.

1718
01:42:46,400 --> 01:42:48,280
Speaker 1: We're coming to you from the Belief Factor Studio. Don't

1719
01:42:48,280 --> 01:42:51,160
Speaker 1: forget your Relief Factor eight hundred four, Relief eight hundred

1720
01:42:51,160 --> 01:42:54,200
Speaker 1: four relief or Reliefactor dot com. That's relieffactor dot com.

1721
01:42:54,560 --> 01:42:56,640
Speaker 1: To watch the seminar, Jim Woods and I did go

1722
01:42:56,680 --> 01:43:01,920
Speaker 1: to my website Larry Eldercan Larry Eldercan dot com. He

1723
01:43:02,120 --> 01:43:05,760
Speaker 1: is the editor and investment director of Investing Edge. Jim.

1724
01:43:05,800 --> 01:43:08,240
Speaker 1: When you and I were talking, you were telling me

1725
01:43:08,280 --> 01:43:11,760
Speaker 1: about some stocks in particular, some by name. One of

1726
01:43:11,760 --> 01:43:14,479
Speaker 1: them was Pall and Teer. And since you told me

1727
01:43:14,479 --> 01:43:15,640
Speaker 1: about that, I've been looking at it.

1728
01:43:15,640 --> 01:43:20,320
Speaker 22: It's gone crazy, up one hundred and forty five percent

1729
01:43:20,400 --> 01:43:21,559
Speaker 22: since the beginning of the year.

1730
01:43:21,640 --> 01:43:21,960
Speaker 10: Larry.

1731
01:43:22,080 --> 01:43:26,760
Speaker 22: That's uh, that's it's basically the best performing stock at

1732
01:43:26,800 --> 01:43:29,240
Speaker 22: the S and P five hundred this year, one of

1733
01:43:29,280 --> 01:43:33,120
Speaker 22: the best performers. And I'm very bullish on this company

1734
01:43:33,160 --> 01:43:36,639
Speaker 22: because it's got a confluence of positives. I mean, talk

1735
01:43:36,680 --> 01:43:41,160
Speaker 22: about an American, American, American company.

1736
01:43:41,840 --> 01:43:42,200
Speaker 3: Uh.

1737
01:43:42,240 --> 01:43:45,639
Speaker 22: The CEO is on abashedly pro American. I mean almost

1738
01:43:45,640 --> 01:43:51,160
Speaker 22: to a to a you know, exuberant level as it were. Mean,

1739
01:43:51,400 --> 01:43:56,360
Speaker 22: he's four actually doing some military operations just to show

1740
01:43:56,400 --> 01:43:58,320
Speaker 22: the rest of the world that you know that we

1741
01:43:58,400 --> 01:44:00,360
Speaker 22: mean business and that we're we've got the strength.

1742
01:44:00,600 --> 01:44:04,000
Speaker 1: Would this Pollenteer do? What kind of stock is it?

1743
01:44:04,000 --> 01:44:08,200
Speaker 22: It's a software stock. Some call it a cybersecurity stock,

1744
01:44:08,280 --> 01:44:13,960
Speaker 22: but it's much more than that. It's an information tool.

1745
01:44:14,520 --> 01:44:18,200
Speaker 22: The software is used by all kinds of different entities,

1746
01:44:18,200 --> 01:44:23,400
Speaker 22: including governments. Now they won't admit this, but the software

1747
01:44:23,680 --> 01:44:26,759
Speaker 22: that was used, the big data software that was used

1748
01:44:27,080 --> 01:44:30,040
Speaker 22: to pinpoint where Osama bin Laden was so that we

1749
01:44:30,400 --> 01:44:33,240
Speaker 22: could send Seal Team six there and get him, was

1750
01:44:33,720 --> 01:44:36,519
Speaker 22: Palenteer software. They won't admit that, but I know that

1751
01:44:36,600 --> 01:44:37,160
Speaker 22: for a fact.

1752
01:44:37,200 --> 01:44:43,000
Speaker 1: So Joel is in Lakeville, Minnesota. Joel, you're on with

1753
01:44:43,160 --> 01:44:44,560
Speaker 1: Jim Woods and Larry.

1754
01:44:45,720 --> 01:44:49,040
Speaker 4: Hey guys, Larry, great show, and I wish he had

1755
01:44:49,080 --> 01:44:51,400
Speaker 4: won the California governor But at any rate.

1756
01:44:52,920 --> 01:44:53,320
Speaker 22: Me too.

1757
01:44:56,040 --> 01:45:00,680
Speaker 4: Comment we're in an environment where it's very difficult for

1758
01:45:00,840 --> 01:45:04,519
Speaker 4: just the normal American. I didn't get ahead, and like

1759
01:45:04,560 --> 01:45:06,400
Speaker 4: the other guy was saying, I know you can piece

1760
01:45:06,439 --> 01:45:08,720
Speaker 4: by piece buy things like the SMP, but just the

1761
01:45:08,880 --> 01:45:11,680
Speaker 4: for example, the average working hours to buy the S

1762
01:45:11,720 --> 01:45:14,040
Speaker 4: and P five hundred, let's say in the eighties and nineties,

1763
01:45:14,120 --> 01:45:16,639
Speaker 4: was around twenty to thirty hours to buy one share,

1764
01:45:16,920 --> 01:45:19,400
Speaker 4: and now it's about ten times the amount of working

1765
01:45:19,439 --> 01:45:22,599
Speaker 4: hours to get that one same S and P five hundred.

1766
01:45:22,640 --> 01:45:24,400
Speaker 4: So what does that What does that mean? What does

1767
01:45:24,439 --> 01:45:26,480
Speaker 4: that tell us everything's so overvalued?

1768
01:45:26,880 --> 01:45:30,000
Speaker 1: Or Jim, can you colm it?

1769
01:45:30,320 --> 01:45:33,160
Speaker 22: Yeah, that's that. That's a that's a very interesting point.

1770
01:45:33,320 --> 01:45:37,960
Speaker 22: I've heard that before and I believe it's accurate. Well,

1771
01:45:38,479 --> 01:45:42,080
Speaker 22: it's interesting because I mentioned earlier, since two thousand and nine,

1772
01:45:42,120 --> 01:45:46,720
Speaker 22: since they you know, the Great Recession rebound, the S

1773
01:45:46,760 --> 01:45:49,000
Speaker 22: and P has been up about nine almost ten, ten

1774
01:45:49,040 --> 01:45:52,360
Speaker 22: times nine and thirty percent so and part of the

1775
01:45:52,400 --> 01:45:57,720
Speaker 22: reason is not just because the market is doing so

1776
01:45:57,800 --> 01:46:00,240
Speaker 22: well and corporate profits were a one one of the

1777
01:46:00,280 --> 01:46:05,160
Speaker 22: reasons was because of the government invention, intervention in the economy,

1778
01:46:05,680 --> 01:46:09,640
Speaker 22: all the stimulus packages that we had, the QE, the

1779
01:46:09,840 --> 01:46:14,960
Speaker 22: near zero percent interest rates, all of these different bailouts

1780
01:46:15,000 --> 01:46:20,360
Speaker 22: and fixes that we've gone through over the years, and

1781
01:46:20,640 --> 01:46:23,439
Speaker 22: of course since the seventies going off the gold standard,

1782
01:46:24,040 --> 01:46:26,920
Speaker 22: the dollar has been debased. It's been defiled, as I say,

1783
01:46:28,320 --> 01:46:32,840
Speaker 22: and you have a market that's nominally much higher, but

1784
01:46:33,760 --> 01:46:36,639
Speaker 22: when you look at it in real dollar terms, it's

1785
01:46:36,680 --> 01:46:40,760
Speaker 22: not as great as it could be. Now, we can't

1786
01:46:40,800 --> 01:46:44,880
Speaker 22: do anything about that here. Maybe on a policy level

1787
01:46:44,880 --> 01:46:49,040
Speaker 22: we can try to influence that. But the only revenge

1788
01:46:49,080 --> 01:46:51,679
Speaker 22: we have, and the only way to kind of take

1789
01:46:52,360 --> 01:46:56,720
Speaker 22: ourselves into the mix and take our own reigns to

1790
01:46:56,800 --> 01:47:00,280
Speaker 22: this issue, is to invest. That's the only that's the

1791
01:47:00,320 --> 01:47:02,599
Speaker 22: only solution as I see it. If somebody could tell

1792
01:47:02,640 --> 01:47:04,880
Speaker 22: me a better solution, I would I would go for it.

1793
01:47:05,439 --> 01:47:07,439
Speaker 22: I don't see a better solution to put your money

1794
01:47:07,439 --> 01:47:07,720
Speaker 22: to work.

1795
01:47:07,840 --> 01:47:11,920
Speaker 1: James is in Tennessee. James, you with Jim Woods and Larry.

1796
01:47:13,360 --> 01:47:13,559
Speaker 3: Hey.

1797
01:47:13,640 --> 01:47:18,679
Speaker 29: Yes, gentlemen, for the first part of this country, tariffs

1798
01:47:18,720 --> 01:47:22,200
Speaker 29: is basically with the income that kept things going. And

1799
01:47:22,240 --> 01:47:24,400
Speaker 29: then we had the income tax with around the tentage

1800
01:47:24,439 --> 01:47:27,559
Speaker 29: or so, and now there's no good way to go.

1801
01:47:28,520 --> 01:47:29,679
Speaker 29: Could you explain that place?

1802
01:47:29,840 --> 01:47:32,360
Speaker 1: Yeah, you're absolutely right, Jim, as you know. As you know,

1803
01:47:32,479 --> 01:47:36,840
Speaker 1: tariffs were the number one source of income until the

1804
01:47:36,840 --> 01:47:39,760
Speaker 1: Constitution was amended for the income tax. Even then, in

1805
01:47:39,920 --> 01:47:42,960
Speaker 1: nineteen thirteen, about fifty percent of the nation's income came

1806
01:47:42,960 --> 01:47:43,559
Speaker 1: from tariff's.

1807
01:47:44,880 --> 01:47:49,599
Speaker 22: Yeah, that's that's totally historically accurate. But what isn't mentioned

1808
01:47:49,680 --> 01:47:55,519
Speaker 22: during those those discussions is that government was way smaller,

1809
01:47:56,400 --> 01:48:01,040
Speaker 22: and we didn't have a huge FDR run welfare state.

1810
01:48:01,040 --> 01:48:03,200
Speaker 22: We didn't have all these government programs, we didn't have

1811
01:48:03,240 --> 01:48:06,000
Speaker 22: all these government agencies, we didn't have this big, huge

1812
01:48:06,000 --> 01:48:10,080
Speaker 22: defense budget. So it was relatively easy to get the

1813
01:48:10,120 --> 01:48:14,240
Speaker 22: revenue we need based with teriffs, based on the fact

1814
01:48:14,280 --> 01:48:16,559
Speaker 22: that the government was so small in terms of you know,

1815
01:48:16,640 --> 01:48:19,160
Speaker 22: consumption of GDP. So if we could go back to

1816
01:48:19,240 --> 01:48:22,120
Speaker 22: those days, I'd be all for tariffs. We get rid

1817
01:48:22,120 --> 01:48:24,880
Speaker 22: of the income tax, I'll be all. Sign sign me up.

1818
01:48:25,080 --> 01:48:26,840
Speaker 1: You know, some years ago I was on Fox and

1819
01:48:26,880 --> 01:48:28,280
Speaker 1: Friends in the morning and I said, you know, in

1820
01:48:28,360 --> 01:48:31,839
Speaker 1: nineteen hundred, at all three levels, federal, state, local government

1821
01:48:31,840 --> 01:48:33,800
Speaker 1: took around nine percent from the American people. Today it

1822
01:48:33,800 --> 01:48:37,000
Speaker 1: takes around thirty two percent and even almost fifty percent

1823
01:48:37,040 --> 01:48:39,439
Speaker 1: if you add value to so called mandates. I get

1824
01:48:39,479 --> 01:48:42,280
Speaker 1: a phone call Gym from one of these fact check organizations.

1825
01:48:42,880 --> 01:48:44,680
Speaker 1: This morning. You were on TV and you said that

1826
01:48:44,720 --> 01:48:46,680
Speaker 1: in nineteen hundred, government only took nine percent of the

1827
01:48:46,720 --> 01:48:49,680
Speaker 1: American people at a federal, state and local Do you

1828
01:48:49,680 --> 01:48:51,400
Speaker 1: have any source for that? I said, no, I just

1829
01:48:51,439 --> 01:48:52,800
Speaker 1: pulled it out of my butt. Of course I have

1830
01:48:52,840 --> 01:48:55,320
Speaker 1: a source. I gave him a source. And the point

1831
01:48:55,360 --> 01:48:58,679
Speaker 1: is they were stunned that at one time we could

1832
01:48:58,800 --> 01:49:01,400
Speaker 1: run the government. We're in the country with only about

1833
01:49:01,520 --> 01:49:04,400
Speaker 1: nine percent taken from the American people. They were actually shocked.

1834
01:49:05,840 --> 01:49:07,920
Speaker 22: Yeah, if there was a if that was a return

1835
01:49:08,000 --> 01:49:10,280
Speaker 22: to that to that state. Now, I'm not saying that

1836
01:49:10,320 --> 01:49:12,600
Speaker 22: there will be, and I'm not planning for that, but

1837
01:49:12,800 --> 01:49:16,599
Speaker 22: let's just say, hypothetically, in a Larry Elder Jim Woods world,

1838
01:49:16,760 --> 01:49:20,559
Speaker 22: if we could go back to nine percent of government

1839
01:49:20,680 --> 01:49:25,160
Speaker 22: consumption of our good GDP, this country would be. It

1840
01:49:25,200 --> 01:49:28,560
Speaker 22: wouldn't even be like you wouldn't even recognize it. It

1841
01:49:28,600 --> 01:49:33,479
Speaker 22: would be like the most beautifully utopia that would ever be.

1842
01:49:33,720 --> 01:49:36,600
Speaker 22: I mean, talk about AI being a labor saver. That

1843
01:49:36,960 --> 01:49:37,519
Speaker 22: would really be.

1844
01:49:38,040 --> 01:49:39,240
Speaker 1: We come back, Jim. I want to talk to you

1845
01:49:39,240 --> 01:49:41,400
Speaker 1: about the fact that fifty percent of Americans under the

1846
01:49:41,439 --> 01:49:44,080
Speaker 1: age of forty want a Democrat socialist to be president.

1847
01:49:44,800 --> 01:49:47,320
Speaker 1: Bill Wrights. I've been crawling under sinks and working long

1848
01:49:47,320 --> 01:49:49,880
Speaker 1: hours for decades. My back and knees. Took the punishment,

1849
01:49:50,120 --> 01:49:52,240
Speaker 1: thought pain was just part of the trade, but Relief

1850
01:49:52,280 --> 01:49:55,280
Speaker 1: Factor surprised me. Within weeks, I was working without winting.

1851
01:49:55,280 --> 01:49:56,639
Speaker 1: I could get down on the floor and get back

1852
01:49:56,680 --> 01:49:59,519
Speaker 1: up again without thinking twice. Bill knows hard work, you

1853
01:49:59,520 --> 01:50:01,800
Speaker 1: know with pipe, he knows tools, he knows long days

1854
01:50:01,800 --> 01:50:03,679
Speaker 1: on the job. But he didn't know is how good

1855
01:50:03,720 --> 01:50:06,760
Speaker 1: life feels when pain stops tagging along. Relief Factor didn't

1856
01:50:06,840 --> 01:50:10,560
Speaker 1: change Bill's trade, it changed his tomorrow. I've told you

1857
01:50:10,600 --> 01:50:12,800
Speaker 1: about Kurt going up and down the stairs. Able to

1858
01:50:12,840 --> 01:50:15,479
Speaker 1: do it now after he finally followed my advice start

1859
01:50:15,520 --> 01:50:18,799
Speaker 1: taking Relief Factor. Relief Factors one hundred percent drug free.

1860
01:50:18,960 --> 01:50:21,559
Speaker 1: It targets the information that causes pain so you can

1861
01:50:21,640 --> 01:50:25,120
Speaker 1: move better, feel better, and actually enjoy life again. Try

1862
01:50:25,120 --> 01:50:27,800
Speaker 1: the three week quick Start just nineteen dollars and ninety

1863
01:50:27,800 --> 01:50:31,479
Speaker 1: five cents. Reliefactor dot Com, Relief Factor dot Com eight

1864
01:50:31,600 --> 01:50:35,360
Speaker 1: hundred four Relief eight hundred to number four Relief Larry

1865
01:50:35,400 --> 01:50:50,160
Speaker 1: will Be Right Back Stay two triple eight ninety seven one,

1866
01:50:50,360 --> 01:50:53,200
Speaker 1: Sage Triple eight nine seventy one seven two four to

1867
01:50:53,200 --> 01:50:56,479
Speaker 1: three Larry Elders selling News Channel. My last few minutes

1868
01:50:56,520 --> 01:50:58,720
Speaker 1: with my guests Jim Woods. He and I did an

1869
01:50:58,760 --> 01:51:02,400
Speaker 1: investing summit together. The theme was American to watch It.

1870
01:51:02,439 --> 01:51:05,880
Speaker 1: Go to Larry Eldercan dot com. He is the editor

1871
01:51:05,920 --> 01:51:10,200
Speaker 1: and investment director of Investing Edge, Crypto and Commodities Trader, Bullseye,

1872
01:51:10,200 --> 01:51:14,840
Speaker 1: Stock Trader, Tactical Trader, and The Deep wood E Letter. Jim,

1873
01:51:15,280 --> 01:51:17,960
Speaker 1: I just saw Paul fifty percent of Americans under the

1874
01:51:17,960 --> 01:51:20,720
Speaker 1: age of forty want a Democrat socialist for president. In

1875
01:51:20,720 --> 01:51:24,240
Speaker 1: twenty twenty eight, seventy percent of Democrats under the age

1876
01:51:24,240 --> 01:51:26,160
Speaker 1: of forty two. What's that all about?

1877
01:51:28,439 --> 01:51:28,680
Speaker 3: You know?

1878
01:51:28,720 --> 01:51:35,680
Speaker 22: The false allure, the sirens song, as it were, of

1879
01:51:35,760 --> 01:51:39,960
Speaker 22: socialism never ceases to rear its head every few years,

1880
01:51:41,200 --> 01:51:45,559
Speaker 22: and it's in a utopian type of idea that has

1881
01:51:45,640 --> 01:51:48,320
Speaker 22: been proven time and time again to be one of

1882
01:51:48,400 --> 01:51:53,439
Speaker 22: the most destructive forces in the history of humanity. And

1883
01:51:53,640 --> 01:51:56,840
Speaker 22: I think as far when people get further and further

1884
01:51:56,920 --> 01:52:00,160
Speaker 22: away from the real horrors of it, they tend to

1885
01:52:00,920 --> 01:52:03,800
Speaker 22: forget about it. And we don't teach history like we

1886
01:52:03,920 --> 01:52:06,000
Speaker 22: used to in school. Like when you and I were

1887
01:52:06,000 --> 01:52:08,720
Speaker 22: in school, we learned about that firsthand. We learned we

1888
01:52:08,840 --> 01:52:14,000
Speaker 22: had we battled a socialist power in Russia and the

1889
01:52:14,040 --> 01:52:18,400
Speaker 22: Soviet Union. So we know what this thing is. And

1890
01:52:18,800 --> 01:52:22,639
Speaker 22: every by any metric, a socialist country, like a real

1891
01:52:22,680 --> 01:52:26,120
Speaker 22: socialist country, not just like a European style socialism, which

1892
01:52:26,160 --> 01:52:30,160
Speaker 22: is a mix of capitalism and whatnot and has smaller population.

1893
01:52:30,880 --> 01:52:35,040
Speaker 22: But all these countries are just from a hell, from

1894
01:52:35,040 --> 01:52:39,760
Speaker 22: a growth a wealth standpoint, are just not there. And

1895
01:52:39,800 --> 01:52:42,000
Speaker 22: the worst part about it is is there's no freedom.

1896
01:52:42,280 --> 01:52:43,599
Speaker 22: You know, there's little freedom.

1897
01:52:44,000 --> 01:52:44,080
Speaker 6: Now.

1898
01:52:44,160 --> 01:52:46,840
Speaker 22: People will argue, you know, in favor of like, oh

1899
01:52:46,920 --> 01:52:49,640
Speaker 22: well they have socialist socialized health care. That's good, we

1900
01:52:49,680 --> 01:52:51,479
Speaker 22: have free health care. We have free that. But as

1901
01:52:51,520 --> 01:52:54,760
Speaker 22: we both know from Milton Friedman, there is no such

1902
01:52:54,840 --> 01:52:58,559
Speaker 22: thing as a free lunch. Everybody pays, and it's just

1903
01:52:58,600 --> 01:52:59,799
Speaker 22: a matter of who pays.

1904
01:53:00,920 --> 01:53:03,920
Speaker 1: We have about forty five seconds left. I just saw

1905
01:53:04,040 --> 01:53:09,839
Speaker 1: a hypothetical race between JD. Vance and AOC is literally

1906
01:53:09,960 --> 01:53:13,960
Speaker 1: within the margin of error literally if the Democrats nominate

1907
01:53:14,040 --> 01:53:16,960
Speaker 1: somebody like AOC right now, anyway, the polls show she

1908
01:53:17,000 --> 01:53:19,320
Speaker 1: has a fifty to fifty shot of winning against JD. Vans.

1909
01:53:22,280 --> 01:53:27,240
Speaker 22: Yeah, it's a it's a it's a remarkable commentary on

1910
01:53:27,560 --> 01:53:31,240
Speaker 22: you know, the split nature of our country, and we

1911
01:53:31,360 --> 01:53:32,880
Speaker 22: just have to keep on doing what we're doing and

1912
01:53:33,040 --> 01:53:37,320
Speaker 22: educating people and the proper proper economics, proper proper ideas.

1913
01:53:38,160 --> 01:53:38,720
Speaker 22: All we can do.

1914
01:53:38,840 --> 01:53:41,280
Speaker 1: The investing summit that Jim Woods and I did together

1915
01:53:41,439 --> 01:53:46,160
Speaker 1: Larry Eldercan dot com, Larryoldercan dot com. The theme is American,

1916
01:53:46,240 --> 01:53:49,160
Speaker 1: so just go to Larryeldercan dot com and check it out. Jim,

1917
01:53:49,200 --> 01:53:50,920
Speaker 1: thank you so much for taking the time. I appreciate it.

1918
01:53:51,800 --> 01:53:54,519
Speaker 22: Yeah, my pleasure. Thank you anytime. Larry, I appreciate you.

1919
01:53:54,560 --> 01:53:55,640
Speaker 22: I'm a huge found as you know.

1920
01:53:55,720 --> 01:53:56,920
Speaker 1: And have a Merry Christmas.

1921
01:53:57,600 --> 01:53:58,839
Speaker 22: Yeah you too. Merry Christmas.

1922
01:53:58,800 --> 01:54:01,839
Speaker 1: You've got it all right, everybody, Let's do this again tomorrow.

1923
01:54:02,040 --> 01:54:05,120
Speaker 1: You know where to find me. God bless.

1924
01:54:07,000 --> 01:54:07,800
Speaker 3: What can I say?

1925
01:54:08,680 --> 01:54:15,360
Speaker 1: Mambaw mich has been dropping all across America.

1926
01:54:15,640 --> 01:54:16,120
Speaker 3: That's enough.

1927
01:54:16,160 --> 01:54:18,520
Speaker 1: Put down the mic, the Larry Elder.

1928
01:54:18,240 --> 01:54:22,919
Speaker 3: Show people

1929
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Speaker 10: When this Amien will be down Stree