1 00:00:05,200 --> 00:00:10,320 Speaker 1: Live from vall Hartbeyers and the Crossroads of America. 2 00:00:10,560 --> 00:00:12,039 Speaker 2: It's Tony Katz today. 3 00:00:12,720 --> 00:00:17,360 Speaker 3: The appropriations process was envisioned to be an exercising good stewardship. 4 00:00:17,800 --> 00:00:21,400 Speaker 3: They wanted the members of Congress to have open, transparent, 5 00:00:21,480 --> 00:00:24,680 Speaker 3: bipartisan line by line debate so that we could spend 6 00:00:24,680 --> 00:00:29,400 Speaker 3: the people's money wisely. And that's precisely what Republicans are 7 00:00:29,480 --> 00:00:32,600 Speaker 3: so eager to return to and what we have achieved. 8 00:00:32,640 --> 00:00:34,879 Speaker 3: We are pushing that boulder uphill, as I've said, and 9 00:00:34,920 --> 00:00:38,160 Speaker 3: for the first time since twenty nineteen, both chambers, House 10 00:00:38,200 --> 00:00:41,520 Speaker 3: and Senate have made real progress towards that stewardship goal. 11 00:00:42,280 --> 00:00:44,000 Speaker 3: But we just need a little more time to finish it. 12 00:00:44,440 --> 00:00:47,599 Speaker 3: That's the only thing the House pass or does. It's 13 00:00:47,640 --> 00:00:51,879 Speaker 3: a clean, short term, non partisan continuance of funding so 14 00:00:51,920 --> 00:00:53,360 Speaker 3: that that process can work out. 15 00:00:53,760 --> 00:00:57,320 Speaker 4: So that right there is Speaker Mike Johnson talking about 16 00:00:57,320 --> 00:00:59,560 Speaker 4: the shutdown, day fourteen. 17 00:00:59,440 --> 00:01:01,240 Speaker 2: And we're all still here. 18 00:01:02,360 --> 00:01:04,240 Speaker 4: And while I've been saying for the past two weeks 19 00:01:04,280 --> 00:01:08,479 Speaker 4: nobody cares, you're about to find out that some people 20 00:01:08,520 --> 00:01:12,560 Speaker 4: are gonna start caring, or maybe better said, it's gonna 21 00:01:12,560 --> 00:01:16,640 Speaker 4: get a whole lot louder people talking about this shutdown. 22 00:01:16,680 --> 00:01:19,399 Speaker 4: Tony Katz Tony Kats today. Always a pleasure, guys, so 23 00:01:19,520 --> 00:01:21,319 Speaker 4: great to be here. Find everything I do at Tony 24 00:01:21,360 --> 00:01:25,160 Speaker 4: kats dot com and subscribe. I'd appreciate it if you would. 25 00:01:25,240 --> 00:01:27,280 Speaker 4: It's free. You can be a supporter, but it's free. 26 00:01:27,319 --> 00:01:29,760 Speaker 4: Go to Tony kats dot com and subscribe. Right now, 27 00:01:30,800 --> 00:01:33,280 Speaker 4: people are going to start not getting paid, and now 28 00:01:33,319 --> 00:01:34,000 Speaker 4: you're gonna hear. 29 00:01:33,959 --> 00:01:36,600 Speaker 2: My gosh, look at what Republicans are doing not paying people. 30 00:01:37,080 --> 00:01:40,880 Speaker 4: This, of course, was the plan of the Democratic Party, 31 00:01:41,520 --> 00:01:45,360 Speaker 4: exact the pain to try and get well, what really 32 00:01:45,920 --> 00:01:46,559 Speaker 4: is the question? 33 00:01:46,920 --> 00:01:48,200 Speaker 2: What is the concession? 34 00:01:49,000 --> 00:01:52,240 Speaker 4: Because if it's the expansion of the Obamacare subsidies that 35 00:01:52,360 --> 00:01:55,400 Speaker 4: Democrats agreed to when they. 36 00:01:55,440 --> 00:01:57,360 Speaker 2: Voted for the Inflation Reduction. 37 00:01:57,080 --> 00:02:00,920 Speaker 4: Act, knowing you with sunset in December of twenty twenty 38 00:02:00,960 --> 00:02:03,000 Speaker 4: five at the end of the year twenty twenty five, 39 00:02:04,480 --> 00:02:07,160 Speaker 4: the expansion part is something Trump's gonna do and take 40 00:02:07,200 --> 00:02:10,760 Speaker 4: credit for. And I can accept the argument of no, 41 00:02:10,919 --> 00:02:13,560 Speaker 4: you don't want that. I understand that argument all too well. 42 00:02:13,720 --> 00:02:16,040 Speaker 4: But Trump's gonna do it and take credit for it, 43 00:02:16,200 --> 00:02:18,200 Speaker 4: and populas are gonna be like, oh, this is great 44 00:02:18,720 --> 00:02:23,200 Speaker 4: because they're populists and Marjorie Taylors Green and Josh Holly 45 00:02:23,240 --> 00:02:24,320 Speaker 4: are out of their minds. 46 00:02:24,880 --> 00:02:30,000 Speaker 2: Out of their minds is the only way to say it. 47 00:02:31,200 --> 00:02:34,760 Speaker 4: So here's a speaker, Johnson getting into a conversation about 48 00:02:35,000 --> 00:02:38,920 Speaker 4: proper stewardship. But that's not the conversation that is going 49 00:02:38,960 --> 00:02:42,720 Speaker 4: to move people when we discuss, oh, you're being in transient. No, 50 00:02:43,280 --> 00:02:46,560 Speaker 4: what's going to move people is declaring exactly what's happening. 51 00:02:47,120 --> 00:02:49,960 Speaker 2: Chuck Schumer is the problem. And here's why. 52 00:02:50,720 --> 00:02:52,799 Speaker 3: Now you've all heard Chuck Schumer demand that Republicans have 53 00:02:52,840 --> 00:02:56,639 Speaker 3: to come to the negotiating table well before. This is 54 00:02:56,680 --> 00:02:58,760 Speaker 3: an important answer to some of the questions that you 55 00:02:58,880 --> 00:03:00,720 Speaker 3: anticipate your last later because it comes up in. 56 00:03:00,720 --> 00:03:01,440 Speaker 2: Every press conference. 57 00:03:01,560 --> 00:03:02,600 Speaker 3: Why I want you to negotiate. 58 00:03:02,720 --> 00:03:03,520 Speaker 5: Here's the point. 59 00:03:04,040 --> 00:03:07,360 Speaker 3: We were already doing that before the Democrats recklessly shut 60 00:03:07,400 --> 00:03:10,320 Speaker 3: down the government for their own political purposes. Republicans and 61 00:03:10,360 --> 00:03:15,720 Speaker 3: Democrats were already engaged and responsibill open bipartisan processes to 62 00:03:15,840 --> 00:03:19,640 Speaker 3: find answers to these problems. And what Chuck Schumer means 63 00:03:19,639 --> 00:03:22,400 Speaker 3: when he says that he wants us to negotiate is 64 00:03:22,440 --> 00:03:24,560 Speaker 3: that he is demanded and he said it publicly. I 65 00:03:24,560 --> 00:03:26,680 Speaker 3: can't believe he says the quiet part's out loud sometimes. 66 00:03:26,680 --> 00:03:29,919 Speaker 3: But he wants a backroom deal. He wants a backroom 67 00:03:29,960 --> 00:03:33,320 Speaker 3: deal that the American people will never see. He literally 68 00:03:33,400 --> 00:03:36,240 Speaker 3: has said, we need the top four leaders to go into. 69 00:03:36,040 --> 00:03:37,600 Speaker 2: A room and work this out. 70 00:03:37,880 --> 00:03:39,680 Speaker 3: Why does Chuck Schumer say that, because that's how he's 71 00:03:39,680 --> 00:03:43,280 Speaker 3: operated for decades. He's been in Congress since nineteen eighty. 72 00:03:43,400 --> 00:03:44,920 Speaker 3: I was nine years old in the third grade when 73 00:03:44,960 --> 00:03:48,520 Speaker 3: Chuck Schummer got here. Okay, he is the broken status quo. 74 00:03:48,680 --> 00:03:51,600 Speaker 3: We are trying to break the status quo so government 75 00:03:51,640 --> 00:03:54,520 Speaker 3: works better for the people. And Chuck Schumer is resistant 76 00:03:54,560 --> 00:03:57,280 Speaker 3: to that because he can't even imagine the way the 77 00:03:57,280 --> 00:03:58,360 Speaker 3: founders intended. 78 00:03:58,000 --> 00:04:00,240 Speaker 2: For this to work. He doesn't want this open. 79 00:04:00,080 --> 00:04:04,440 Speaker 3: And everybody involved, all members, bottom up process. He wants 80 00:04:04,480 --> 00:04:06,560 Speaker 3: four people to go in a backroom and just make 81 00:04:06,600 --> 00:04:08,800 Speaker 3: this deal and hoist it down upon everybody else. 82 00:04:09,040 --> 00:04:10,320 Speaker 2: I'm not participating in that. 83 00:04:11,080 --> 00:04:17,080 Speaker 4: This is I think an effective approach from Speaker Johnson. 84 00:04:17,120 --> 00:04:20,080 Speaker 2: Twofold. First things, First, do you know how old Chuck 85 00:04:20,120 --> 00:04:20,760 Speaker 2: Schumer is. 86 00:04:21,480 --> 00:04:25,880 Speaker 4: I was in the third grade when he got to 87 00:04:26,279 --> 00:04:31,680 Speaker 4: the Senate. That's that's a statement and a half that 88 00:04:32,480 --> 00:04:35,560 Speaker 4: there is no comeback for that, there's no pushback on that. 89 00:04:36,680 --> 00:04:41,960 Speaker 4: But then you engage the he's too old conversation by 90 00:04:42,000 --> 00:04:43,520 Speaker 4: discussing the backroom. 91 00:04:44,440 --> 00:04:46,040 Speaker 2: Now, I would love it if it was. 92 00:04:46,000 --> 00:04:50,080 Speaker 4: A cigar field backroom, cigar smoke filled backroom, but it's 93 00:04:50,200 --> 00:04:51,120 Speaker 4: Chuck Schumer. 94 00:04:50,760 --> 00:04:52,920 Speaker 2: And he doesn't have that kind of you know, decency 95 00:04:52,920 --> 00:04:54,159 Speaker 2: about him to smoke a cigar. 96 00:04:54,480 --> 00:04:57,159 Speaker 4: So all you're gonna have is the raw cheeseburger backroom. 97 00:04:57,279 --> 00:05:00,600 Speaker 4: And nobody wants to be in the raw cheeseburger backroom. 98 00:05:00,880 --> 00:05:03,360 Speaker 4: I'm telling the raw cheeseburger back room is like the 99 00:05:03,360 --> 00:05:07,000 Speaker 4: opposite of the champagne room, because while there's no sex 100 00:05:07,040 --> 00:05:10,680 Speaker 4: in the champagne room, in the raw cheeseburger backroom, guaranteed 101 00:05:10,720 --> 00:05:14,719 Speaker 4: you're getting screwed. I'm not apologizing for that. Tell my 102 00:05:14,839 --> 00:05:20,120 Speaker 4: stations right now. Set it meant it. It was comedic, 103 00:05:20,560 --> 00:05:23,279 Speaker 4: and it was and it was pointed. It had all 104 00:05:23,279 --> 00:05:26,960 Speaker 4: the elements. You just you write that down, Marconi. Here 105 00:05:27,040 --> 00:05:33,240 Speaker 4: I come. It's a really good approach from Mike Johnson. 106 00:05:33,839 --> 00:05:35,840 Speaker 4: And I like that it's got some punch. I like 107 00:05:35,960 --> 00:05:38,160 Speaker 4: that it's got some bite, and I like that it 108 00:05:38,839 --> 00:05:41,520 Speaker 4: does add on to the idea of we're not doing 109 00:05:41,560 --> 00:05:46,000 Speaker 4: that stuff anymore. Those are the days of yesteryear of 110 00:05:46,200 --> 00:05:50,359 Speaker 4: backwards Democrats. We're not doing that now. You could argue 111 00:05:50,400 --> 00:05:51,840 Speaker 4: a little bit that this kind of plays in the 112 00:05:51,880 --> 00:05:54,640 Speaker 4: weeds of how these things are done. But we're talking 113 00:05:54,680 --> 00:05:59,600 Speaker 4: about how you are now putting the onus back on Schumer, 114 00:05:59,640 --> 00:06:03,680 Speaker 4: back of the Democratic Party, fighting back, and this is 115 00:06:03,800 --> 00:06:05,719 Speaker 4: something that's worthwhile. 116 00:06:06,160 --> 00:06:07,640 Speaker 2: I like seeing it take place. 117 00:06:08,279 --> 00:06:11,000 Speaker 4: He then hands the microphone to Virginia Fox, who is 118 00:06:11,040 --> 00:06:15,440 Speaker 4: She's delightful. She is delightful and if you don't know 119 00:06:15,560 --> 00:06:19,480 Speaker 4: Virginia Fox, that woman can punch. 120 00:06:19,960 --> 00:06:23,200 Speaker 6: I've listened to the arguments the Democrats have been making 121 00:06:23,680 --> 00:06:27,400 Speaker 6: since they shut down the government, and I cannot help 122 00:06:27,680 --> 00:06:32,880 Speaker 6: shake my head in utter disgust every time they continue 123 00:06:32,920 --> 00:06:37,200 Speaker 6: to lie like a rug. They're trying desperately to change 124 00:06:37,240 --> 00:06:42,799 Speaker 6: the conversation and defleedg because they know they're in the wrong, 125 00:06:43,320 --> 00:06:47,640 Speaker 6: and they've dug themselves into a deep, deep poll. We've 126 00:06:47,680 --> 00:06:53,080 Speaker 6: now entered day fourteen of their government shut down, and 127 00:06:53,120 --> 00:06:56,919 Speaker 6: as the days go on, more Americans are feeling the pain. 128 00:06:58,360 --> 00:06:59,400 Speaker 2: No mistake about it. 129 00:06:59,520 --> 00:07:05,000 Speaker 6: This is real pain being inflicted upon real people. Today, 130 00:07:05,120 --> 00:07:09,360 Speaker 6: four hundred thousand federal workers will receive partial paychecks. 131 00:07:10,160 --> 00:07:11,880 Speaker 2: The speaker called attention. 132 00:07:11,640 --> 00:07:14,960 Speaker 6: To this last week. This will be the last paycheck 133 00:07:15,000 --> 00:07:18,960 Speaker 6: that these federal workers receive until Democrats grow a spine 134 00:07:19,200 --> 00:07:23,640 Speaker 6: and reopen the federal government. Meanwhile, you have Chuck Schumer 135 00:07:23,760 --> 00:07:28,440 Speaker 6: in the Senate who said, in a recent interview, quote 136 00:07:28,880 --> 00:07:33,360 Speaker 6: every day gets better for us end quote. His statement 137 00:07:33,600 --> 00:07:37,960 Speaker 6: is as callous as it is tone deaf, and it 138 00:07:38,040 --> 00:07:42,880 Speaker 6: reveals to everyone how the Democrats continue to use hardworking 139 00:07:42,920 --> 00:07:48,640 Speaker 6: Americans as pawns in their own grotesque political gain. I'll 140 00:07:48,640 --> 00:07:53,160 Speaker 6: close with a quick observation. As the Speaker said previously, 141 00:07:53,880 --> 00:07:57,680 Speaker 6: there's a real split screen here in Washington that the 142 00:07:57,720 --> 00:08:01,960 Speaker 6: American people are watching while Republicans are the ones who 143 00:08:02,000 --> 00:08:06,840 Speaker 6: have voted and are continuing to vote to reopen the government. 144 00:08:07,680 --> 00:08:13,160 Speaker 6: Democrats have treated their own shutdown as one big attention 145 00:08:13,400 --> 00:08:21,480 Speaker 6: getting activity. They've taken shutdown selfies, posted weird videos of 146 00:08:21,600 --> 00:08:27,520 Speaker 6: themselves doing everything except working, and they even hosted a 147 00:08:27,640 --> 00:08:34,439 Speaker 6: live stream that failed to gain any traction whatsoever. How embarrassing. 148 00:08:35,640 --> 00:08:40,560 Speaker 6: These are not serious people. They continue to play a 149 00:08:40,720 --> 00:08:46,240 Speaker 6: dangerous game with the livelihoods of Americans and contrary to 150 00:08:46,280 --> 00:08:51,880 Speaker 6: what Democrats believe, every day of this shutdown does not 151 00:08:52,120 --> 00:08:56,200 Speaker 6: get any better for the American people. That's a stone 152 00:08:56,559 --> 00:08:59,600 Speaker 6: cold fact, Thank you, mister speaker. 153 00:09:00,360 --> 00:09:06,240 Speaker 4: Stone cold gotta got a love it. But in the end, well, well, 154 00:09:06,280 --> 00:09:08,880 Speaker 4: I like the talk, and I like the direction, I 155 00:09:08,960 --> 00:09:12,720 Speaker 4: like the focus, and I like the the unwillingness to 156 00:09:12,720 --> 00:09:16,520 Speaker 4: to play the game with with these people. The the 157 00:09:16,520 --> 00:09:19,400 Speaker 4: the shutdown is the fault of the Democrats. And one 158 00:09:19,440 --> 00:09:23,040 Speaker 4: of the things that you're seeing Democrats do is say, well, 159 00:09:23,360 --> 00:09:26,720 Speaker 4: you can just you know, go out there and uh 160 00:09:26,840 --> 00:09:30,559 Speaker 4: and you know, you can get rid of the filibuster 161 00:09:30,840 --> 00:09:32,360 Speaker 4: right and and now, and then you. 162 00:09:32,280 --> 00:09:34,640 Speaker 2: Can vote for it. So why why, why why don't you? 163 00:09:35,800 --> 00:09:39,160 Speaker 4: It's I think this is a question of politics, which 164 00:09:39,200 --> 00:09:43,320 Speaker 4: is to say, well, you're saying that you don't want 165 00:09:43,320 --> 00:09:48,480 Speaker 4: to be participatory in government at all. That's your argument here. 166 00:09:48,520 --> 00:09:51,920 Speaker 4: You don't want to be participatory at all. You think 167 00:09:51,960 --> 00:09:55,120 Speaker 4: that this obfuscation is good and valuable and what people 168 00:09:55,200 --> 00:09:58,120 Speaker 4: voted for. And it very much seems that the left 169 00:09:58,200 --> 00:10:02,360 Speaker 4: is on board with this idea. It doesn't matter running 170 00:10:02,400 --> 00:10:11,760 Speaker 4: the country, doesn't matter, stopping Trump, stopping Republicans, obfuscating, attacking destroying, dehumanizing, denigrating. 171 00:10:12,080 --> 00:10:14,400 Speaker 2: Those are the only things that matter. 172 00:10:15,760 --> 00:10:20,200 Speaker 4: Nothing having to do at all with things that would 173 00:10:20,200 --> 00:10:22,840 Speaker 4: actually provide value, create value. 174 00:10:23,440 --> 00:10:28,040 Speaker 2: Nothing having to do with actually doing your job matters. 175 00:10:29,040 --> 00:10:34,840 Speaker 4: That's what we're seeing, that's where we're at. And you know, 176 00:10:34,880 --> 00:10:40,719 Speaker 4: going back to Speaker Johnson, let's remember where Chuck Schumer was, 177 00:10:40,760 --> 00:10:43,920 Speaker 4: as he reminds us Let's remember where Chuck Schumer is 178 00:10:44,160 --> 00:10:46,480 Speaker 4: on these continuing resolutions throughout history. 179 00:10:47,240 --> 00:10:49,679 Speaker 3: Yesterday I read you an exerpt from President Obama's speech 180 00:10:49,760 --> 00:10:52,839 Speaker 3: during the twenty thirteen shutdown when he advocated for a 181 00:10:52,920 --> 00:10:56,240 Speaker 3: clean sea or to reopen the government and resume negotiations. 182 00:10:56,640 --> 00:10:59,960 Speaker 3: It sounded very familiar. Democrats cheered him on back then, 183 00:11:00,080 --> 00:11:05,240 Speaker 3: including Chuck Schumer. He himself said some Republicans' refusal to 184 00:11:05,280 --> 00:11:09,079 Speaker 3: support a clean cr back then was quote the politics 185 00:11:09,120 --> 00:11:13,800 Speaker 3: of idiocy. Take him at his work. So yesterday he decided, 186 00:11:13,840 --> 00:11:17,120 Speaker 3: we decided. We decided to do a little count of 187 00:11:17,160 --> 00:11:20,200 Speaker 3: the number of times that Chuck Schumer has supported continuing 188 00:11:20,280 --> 00:11:23,640 Speaker 3: resolutions just since he became the leader of the Democrats 189 00:11:23,720 --> 00:11:26,960 Speaker 3: and a Senate in twenty seventeen. That number came out 190 00:11:26,960 --> 00:11:31,320 Speaker 3: to twenty nine out of thirty continued resolutions. How many 191 00:11:31,320 --> 00:11:35,480 Speaker 3: times he wholeheartedly, enthusiastically supported crs enacted in the law. 192 00:11:36,040 --> 00:11:40,600 Speaker 3: That's a ninety seven percent support rate. What's changed, Well, 193 00:11:40,960 --> 00:11:43,400 Speaker 3: this time his job is on the line, and we've 194 00:11:43,440 --> 00:11:46,400 Speaker 3: explained this very clearly because everybody can see the obvious 195 00:11:46,400 --> 00:11:49,360 Speaker 3: political motivation here behind his decision to shut the government 196 00:11:49,360 --> 00:11:52,800 Speaker 3: down right now. He helped us a shutdown in March 197 00:11:53,440 --> 00:11:56,880 Speaker 3: by doing the right thing and supporting virtually the identically 198 00:11:57,000 --> 00:12:01,880 Speaker 3: same continuing r they were offering it, and his radical 199 00:12:01,920 --> 00:12:04,040 Speaker 3: base went crazy, and they haven't forgiven him for it. 200 00:12:04,559 --> 00:12:06,560 Speaker 3: That's why Chuck Schumer is opposed to it today. 201 00:12:06,760 --> 00:12:07,480 Speaker 2: That's what changed. 202 00:12:08,160 --> 00:12:12,640 Speaker 3: It's very obvious this government shutdown is plainly and simply 203 00:12:12,679 --> 00:12:16,000 Speaker 3: an exercise in image rehabilitation. This is an attempt at 204 00:12:16,080 --> 00:12:22,520 Speaker 3: image rehabilitation for Chuck Schumer so selfishly completely about himself. 205 00:12:22,520 --> 00:12:24,480 Speaker 3: He is shutting the government down to hurt other people. 206 00:12:25,080 --> 00:12:27,040 Speaker 3: He needs to show a fight against President Trump so 207 00:12:27,120 --> 00:12:30,520 Speaker 3: he can keep his base happy through the next election cycle. 208 00:12:30,640 --> 00:12:32,880 Speaker 3: How do we know that, Well, his record shows the 209 00:12:32,880 --> 00:12:34,000 Speaker 3: obvious truth about it. 210 00:12:34,559 --> 00:12:35,520 Speaker 2: Again, look at the numbers. 211 00:12:35,559 --> 00:12:38,040 Speaker 3: Chuck Schumer supported CRS to help avert a government shut 212 00:12:38,080 --> 00:12:40,520 Speaker 3: down twenty nine out of thirty times as leader of 213 00:12:40,600 --> 00:12:44,800 Speaker 3: his party, and he emphatically supported every single cr enacted 214 00:12:44,840 --> 00:12:49,480 Speaker 3: at the law since twenty seventeen except for one. Of course, 215 00:12:49,559 --> 00:12:51,400 Speaker 3: you won't have to do much research to figure out 216 00:12:51,559 --> 00:12:54,600 Speaker 3: who was in the White House during that time. If 217 00:12:54,600 --> 00:12:56,400 Speaker 3: you said Donald Trump, you'd be right. And it doesn't 218 00:12:56,520 --> 00:12:58,800 Speaker 3: take a genius to see that's exactly the same reason 219 00:12:58,800 --> 00:12:59,719 Speaker 3: why he's doing this. 220 00:13:00,200 --> 00:13:02,200 Speaker 2: This is causing these antics today. 221 00:13:03,080 --> 00:13:07,520 Speaker 4: So we clearly say that what we were just discussing 222 00:13:07,520 --> 00:13:13,120 Speaker 4: about why Democrats engage in this is absolutely accurate. Anything 223 00:13:13,440 --> 00:13:18,600 Speaker 4: for the obfuscation, anything to denigrate, anything to destroy the 224 00:13:18,640 --> 00:13:24,560 Speaker 4: political opponent, anything that is anti Trump is good. How 225 00:13:24,640 --> 00:13:29,240 Speaker 4: many more ways must they show you this? I don't 226 00:13:29,240 --> 00:13:31,720 Speaker 4: even know if it's possible to show you this in 227 00:13:31,800 --> 00:13:32,680 Speaker 4: any more ways. 228 00:13:33,040 --> 00:13:34,240 Speaker 2: I'd be stunned. If it is. 229 00:13:35,720 --> 00:13:40,120 Speaker 4: They're telling you that they don't care. They're telling you 230 00:13:40,720 --> 00:13:47,839 Speaker 4: that the workings of the government is completely and totally inconsequential, meaningless, 231 00:13:49,360 --> 00:13:55,640 Speaker 4: letting you know. They want to hurt, they want pain, 232 00:13:56,559 --> 00:13:57,880 Speaker 4: they want destruction. 233 00:13:58,880 --> 00:14:00,800 Speaker 2: That to them is victory. 234 00:14:01,559 --> 00:14:05,360 Speaker 4: Utilizing Chuck Schumer's own words against him, showing what kind 235 00:14:05,360 --> 00:14:06,400 Speaker 4: off feckless leader. 236 00:14:06,480 --> 00:14:08,600 Speaker 2: He is showing that you. 237 00:14:08,520 --> 00:14:10,360 Speaker 4: Know, just like we're talking about with this town hall 238 00:14:10,400 --> 00:14:12,680 Speaker 4: they're going to do on CNN announcing that on Friday 239 00:14:13,040 --> 00:14:15,760 Speaker 4: you knew that the shutdown was going to extend five 240 00:14:15,800 --> 00:14:16,360 Speaker 4: more days. 241 00:14:16,400 --> 00:14:17,320 Speaker 2: Well, of course you did. 242 00:14:17,760 --> 00:14:22,720 Speaker 4: You want it, you want the pain. So now that 243 00:14:22,800 --> 00:14:27,640 Speaker 4: we know that, what is our plan? So let me 244 00:14:27,720 --> 00:14:33,360 Speaker 4: give three things here. First, absolute support to the idea 245 00:14:33,800 --> 00:14:37,280 Speaker 4: of the House not returning until the Senators vote for 246 00:14:38,240 --> 00:14:44,280 Speaker 4: on this continuing resolution. Number two, an absolute willingness to 247 00:14:44,600 --> 00:14:47,520 Speaker 4: call if your senator is a Democrat saying what are 248 00:14:47,520 --> 00:14:51,480 Speaker 4: you doing? Go vote for this continuing resolution? Then go 249 00:14:51,560 --> 00:14:53,240 Speaker 4: fight for what it is that you want. You might 250 00:14:53,280 --> 00:14:57,360 Speaker 4: get it, you might not, but people are suffering because 251 00:14:57,360 --> 00:15:01,440 Speaker 4: of your power play. That's being a proactive voter is 252 00:15:01,520 --> 00:15:06,240 Speaker 4: extremely important. Number Three, remembering this is who they are. 253 00:15:06,600 --> 00:15:09,120 Speaker 4: And if you think this ends when Trump is out 254 00:15:09,160 --> 00:15:14,360 Speaker 4: of office, with all due respect, that's nuts. This doesn't end. 255 00:15:15,160 --> 00:15:19,760 Speaker 4: This is who they are. This is the new status quo. 256 00:15:20,880 --> 00:15:24,520 Speaker 4: Doesn't matter what they said yesterday. The hardcore left is progressive. 257 00:15:24,760 --> 00:15:27,760 Speaker 4: It doesn't matter yesterday what they said today right, what 258 00:15:27,800 --> 00:15:30,040 Speaker 4: they said yesterday will have no bearing on what they 259 00:15:30,040 --> 00:15:32,160 Speaker 4: say today, and what they say today will have no 260 00:15:32,200 --> 00:15:36,200 Speaker 4: bearing on what they say or do tomorrow, anything for 261 00:15:36,280 --> 00:15:39,240 Speaker 4: what they perceive as the victory of the moment. The 262 00:15:39,320 --> 00:15:42,840 Speaker 4: midterms are twenty twenty sixth, and none of these people 263 00:15:42,840 --> 00:15:46,160 Speaker 4: can have power. You going out to vote, you, bringing 264 00:15:46,200 --> 00:15:48,480 Speaker 4: people out to vote, you, convincing people to vote, you, 265 00:15:48,600 --> 00:15:51,000 Speaker 4: persuading people to vote, and continuing. 266 00:15:50,520 --> 00:15:50,960 Speaker 2: To do so. 267 00:15:51,880 --> 00:15:55,480 Speaker 4: Now you say to me, Tony, it seems like the 268 00:15:55,520 --> 00:15:59,080 Speaker 4: basic stuff. Yes, the problem is we're not always great 269 00:15:59,080 --> 00:16:02,120 Speaker 4: at executing on the bay stuff. We've got the right argument, 270 00:16:02,160 --> 00:16:05,040 Speaker 4: but we don't execute on the basic stuff. We need 271 00:16:05,080 --> 00:16:09,400 Speaker 4: to do that. These people can't have power. Let's make 272 00:16:09,440 --> 00:16:13,120 Speaker 4: sure they don't have it. That's the lesson here. I'm 273 00:16:13,160 --> 00:16:16,240 Speaker 4: Tony Katz. This is Tony Katz today. I've mean discussing 274 00:16:17,040 --> 00:16:22,120 Speaker 4: the level of people upset with hostages being returned and 275 00:16:22,520 --> 00:16:25,640 Speaker 4: a potential peace deal, which I agree. 276 00:16:25,840 --> 00:16:28,480 Speaker 2: I don't know how you're gonna make it all work. 277 00:16:28,840 --> 00:16:32,560 Speaker 4: I don't know you have how you have peace with terrorists, 278 00:16:32,880 --> 00:16:35,760 Speaker 4: which is to say you don't, and it would be 279 00:16:35,800 --> 00:16:39,880 Speaker 4: irrational to think otherwise. Tony Katz, Tony Katz today, great 280 00:16:40,160 --> 00:16:43,280 Speaker 4: to be with you, But there's President Trump in Egypt 281 00:16:43,360 --> 00:16:46,320 Speaker 4: and all these world leaders are there and everybody's signing 282 00:16:46,360 --> 00:16:48,000 Speaker 4: and they're gonna be part of this deal, and they're 283 00:16:48,000 --> 00:16:51,720 Speaker 4: gonna put money into uh Gaza and they're gonna they're 284 00:16:51,720 --> 00:16:54,320 Speaker 4: gonna build it now, rebuild it, as Trump said, build it. 285 00:16:55,120 --> 00:16:57,400 Speaker 2: And I know there was the the Steve. 286 00:16:57,160 --> 00:17:01,360 Speaker 4: Bannon conversation of this is a really bad loss for 287 00:17:01,400 --> 00:17:05,080 Speaker 4: Benjamin Ett Yahoo because now it's a two state solution. 288 00:17:05,200 --> 00:17:06,400 Speaker 2: You can't do anything about it. 289 00:17:06,600 --> 00:17:10,160 Speaker 4: And people are like, dude, you're being just silly here, 290 00:17:10,280 --> 00:17:14,000 Speaker 4: except Gorka and a bunch of other people, and man's like, nope, 291 00:17:14,000 --> 00:17:17,240 Speaker 4: it is what it is. The fundamental flaw always with 292 00:17:17,280 --> 00:17:21,160 Speaker 4: a two state solution is that you cannot engage with terrorists, right. 293 00:17:21,240 --> 00:17:24,280 Speaker 4: They don't want peace at all. They want to destroy you. 294 00:17:24,600 --> 00:17:26,600 Speaker 4: So this idea of a two state solution is a 295 00:17:26,720 --> 00:17:31,760 Speaker 4: leftist fantasy as opposed to anything that is reality. 296 00:17:31,840 --> 00:17:35,200 Speaker 2: If you are going to rebuild. 297 00:17:34,640 --> 00:17:40,480 Speaker 4: Gaza utilizing all this international money, you could, I guess 298 00:17:40,480 --> 00:17:42,720 Speaker 4: if you squint and look at it the right way, 299 00:17:42,840 --> 00:17:45,560 Speaker 4: think of it as a two state solution. The point 300 00:17:45,720 --> 00:17:48,480 Speaker 4: is we haven't figured out whether or not Gaza will 301 00:17:48,560 --> 00:17:50,480 Speaker 4: end up being the Strip will be a state of 302 00:17:50,520 --> 00:17:53,399 Speaker 4: any kind because of what it seems to be is 303 00:17:53,400 --> 00:17:58,280 Speaker 4: an international enclave filled with a lot of foreign dollars, 304 00:17:59,320 --> 00:18:05,880 Speaker 4: all on the idea of building financial opportunities. And oh, 305 00:18:05,960 --> 00:18:09,640 Speaker 4: by the way, some Palestinians live here, and their value 306 00:18:09,760 --> 00:18:12,240 Speaker 4: their their they're the value of their lives. That the 307 00:18:12,240 --> 00:18:14,960 Speaker 4: the enjoyment of their lives is going to increase exponentially 308 00:18:15,400 --> 00:18:17,840 Speaker 4: because we've got so much investment going on. We're not 309 00:18:17,880 --> 00:18:20,840 Speaker 4: gonna let Hamas do Anythingboy, out of your mind. We're 310 00:18:20,880 --> 00:18:24,040 Speaker 4: gonna crush these people. You think the Israelis did anything, 311 00:18:24,119 --> 00:18:28,000 Speaker 4: watch what we do to Hamas. This is a very 312 00:18:28,320 --> 00:18:32,440 Speaker 4: very bad move for Iran. One could argue a very 313 00:18:32,440 --> 00:18:36,440 Speaker 4: interesting move for capitalism, but the idea that it's a 314 00:18:36,480 --> 00:18:38,439 Speaker 4: bad move for Netan Yahoo. I thought that was a 315 00:18:39,200 --> 00:18:43,000 Speaker 4: I thought that was a weird take from Steve Bannon. 316 00:18:43,040 --> 00:18:45,399 Speaker 4: But it's also one of those takes where you have 317 00:18:45,480 --> 00:18:48,480 Speaker 4: these people who hate net Yahoo and really hate Israel, 318 00:18:48,520 --> 00:18:52,720 Speaker 4: and so everything has to be filtered through this tunnel 319 00:18:53,080 --> 00:18:57,040 Speaker 4: by which they connect with their base, which goes to 320 00:18:57,080 --> 00:18:59,000 Speaker 4: all these people who are upset that a peace deal 321 00:18:59,000 --> 00:19:03,400 Speaker 4: has even happened. CNN wrote a headline hostages are said 322 00:19:03,440 --> 00:19:06,480 Speaker 4: to be released Monday, with hundreds of Palestinian prisoners also 323 00:19:06,560 --> 00:19:08,879 Speaker 4: do to be freed. As Trump departs for the Middle East, 324 00:19:09,560 --> 00:19:12,480 Speaker 4: and there's a guys writing, why are Israelis hostages? But 325 00:19:12,520 --> 00:19:17,159 Speaker 4: Palstadians are prisoners because the Israelis were taken hostage and 326 00:19:17,200 --> 00:19:19,080 Speaker 4: the prisoners are Palestinians who tried. 327 00:19:18,960 --> 00:19:21,920 Speaker 2: To kill Israelis. It's proper reporting. 328 00:19:22,000 --> 00:19:24,960 Speaker 4: That's the part that freaks out from CNN that they're 329 00:19:25,040 --> 00:19:29,560 Speaker 4: unhappy with them. They're unhappy with peace. You know it, 330 00:19:29,640 --> 00:19:33,000 Speaker 4: you see it, and you know what, peace was never 331 00:19:33,040 --> 00:19:36,720 Speaker 4: the goal, never once. Keep it here on Tony Cats 332 00:19:36,720 --> 00:19:45,280 Speaker 4: this Tony Cats today. Find everything at tonycats dot com. 333 00:19:45,400 --> 00:19:47,840 Speaker 4: So I have got the dow down, but I've got 334 00:19:47,880 --> 00:19:50,480 Speaker 4: gold up, but I've got oil down, but I've got 335 00:19:50,520 --> 00:19:53,840 Speaker 4: silver up. And I have got people making AI chips 336 00:19:53,880 --> 00:19:57,200 Speaker 4: because without AI it doesn't seem we have an economy. 337 00:19:57,720 --> 00:20:00,879 Speaker 4: And with that, I've decided to drink all of the 338 00:20:00,880 --> 00:20:04,359 Speaker 4: bourbon Tony Katz Tony Kats today. Good to be with you, 339 00:20:04,520 --> 00:20:08,160 Speaker 4: laughing in the background as doctor Matt Well, economist at 340 00:20:08,160 --> 00:20:12,560 Speaker 4: the University of Indianapolis. I caught him while he's in 341 00:20:12,640 --> 00:20:14,159 Speaker 4: between two different spots. 342 00:20:14,200 --> 00:20:15,880 Speaker 2: But I appreciate you taking the time, sir. 343 00:20:16,359 --> 00:20:19,280 Speaker 4: I'm trying to do this math where the market is 344 00:20:19,359 --> 00:20:22,359 Speaker 4: down even though it was up big yesterday, but gold 345 00:20:22,480 --> 00:20:25,160 Speaker 4: is up and oil prices are down. Walk me through 346 00:20:25,280 --> 00:20:29,160 Speaker 4: what it is that you think we are seeing right now. 347 00:20:30,520 --> 00:20:33,520 Speaker 5: It's pretty actually pretty easy to explain. Gold is a 348 00:20:33,560 --> 00:20:36,520 Speaker 5: safe haven. This is where people go whenever they are 349 00:20:36,600 --> 00:20:39,520 Speaker 5: nervous about the economy, and there's a lot of nervousness 350 00:20:39,520 --> 00:20:44,119 Speaker 5: to be done right now. China just increase their tariff retaliation, 351 00:20:44,240 --> 00:20:47,040 Speaker 5: so you know, Trump's going to retaliate even more. And 352 00:20:47,119 --> 00:20:50,000 Speaker 5: the government's still shut down, so that's causing a problem 353 00:20:50,359 --> 00:20:52,560 Speaker 5: the tariffs. You know, I know people can't get mad 354 00:20:52,560 --> 00:20:54,919 Speaker 5: at me for talking about this, but the tariffs are 355 00:20:55,119 --> 00:20:58,080 Speaker 5: causing a lot of these problems because the tariffs are 356 00:20:58,080 --> 00:21:01,960 Speaker 5: causing a weaker dollar, and gold is not the reserve 357 00:21:02,000 --> 00:21:04,199 Speaker 5: currency in the world, but it's catching up to the 358 00:21:04,240 --> 00:21:08,120 Speaker 5: reserve currency, which is the dollar, because people are saying, oh, 359 00:21:08,240 --> 00:21:10,600 Speaker 5: the dollars getting weaker, the dollars not as strong, where 360 00:21:10,600 --> 00:21:13,720 Speaker 5: do I go? So they're going into gold and this 361 00:21:13,880 --> 00:21:17,399 Speaker 5: is not a good thing. It's mostly paraff related and 362 00:21:17,400 --> 00:21:19,840 Speaker 5: there's some shutdown. Let's not free it. There's some shutdown 363 00:21:19,920 --> 00:21:23,040 Speaker 5: ramifications going on here as well, and so all of 364 00:21:23,080 --> 00:21:25,399 Speaker 5: this bad news says, where do I go to protect 365 00:21:25,440 --> 00:21:27,639 Speaker 5: myself and be safe? The answer is gold? 366 00:21:29,160 --> 00:21:31,919 Speaker 4: So what is it that we are being safe from 367 00:21:31,960 --> 00:21:36,840 Speaker 4: in this gold investment? And for full disclosure, I may 368 00:21:36,880 --> 00:21:39,240 Speaker 4: have some gold, but I don't wrap any gold companies. 369 00:21:39,280 --> 00:21:42,080 Speaker 4: I don't have any gold connection. I've never asked doctor Willard, 370 00:21:42,359 --> 00:21:44,879 Speaker 4: and if he does, I'm just taking a look. 371 00:21:44,760 --> 00:21:45,920 Speaker 2: At where these numbers are going. 372 00:21:45,920 --> 00:21:48,600 Speaker 4: We're at over forty one hundred dollars an ounce on gold, 373 00:21:48,760 --> 00:21:51,160 Speaker 4: a record highs wherever fifty dollars an ounce on silver. 374 00:21:51,400 --> 00:21:53,919 Speaker 2: We're in those highs there as well. That's why the 375 00:21:54,000 --> 00:21:54,800 Speaker 2: question gets asked. 376 00:21:54,840 --> 00:21:57,600 Speaker 4: There is no gold group that I work with or 377 00:21:57,640 --> 00:21:59,480 Speaker 4: anything else that I'm pushing anybody to. 378 00:21:59,560 --> 00:22:02,919 Speaker 2: I want to be clear about that. You go with 379 00:22:03,240 --> 00:22:05,720 Speaker 2: your your thoughts there well. 380 00:22:05,720 --> 00:22:08,760 Speaker 5: And A'll fully disclose I do not have gold stocks either, 381 00:22:08,800 --> 00:22:12,119 Speaker 5: and I've never in my life invested in gold because 382 00:22:12,520 --> 00:22:14,840 Speaker 5: I am always an optimist. I know it doesn't sound 383 00:22:14,880 --> 00:22:16,679 Speaker 5: like it on the phone all the time or on 384 00:22:16,960 --> 00:22:19,000 Speaker 5: the calls that we make, but I am an optimist 385 00:22:19,000 --> 00:22:20,760 Speaker 5: that the economy is going to grow long term, So 386 00:22:20,800 --> 00:22:22,880 Speaker 5: I want to be in the economy. Gold is where 387 00:22:22,920 --> 00:22:25,840 Speaker 5: people go when they're afraid that the economy is going south. 388 00:22:26,359 --> 00:22:29,199 Speaker 5: Over the centuries, and I'm talking centuries, Tony, you know, 389 00:22:29,200 --> 00:22:33,200 Speaker 5: we're talking thousands of years. Gold has always held its value. 390 00:22:33,200 --> 00:22:36,639 Speaker 5: It's gone up consistently over time. It is the place 391 00:22:36,680 --> 00:22:40,240 Speaker 5: that you go to park your money until things get normal. 392 00:22:40,520 --> 00:22:42,800 Speaker 5: And things aren't normal. You know you mentioned the price 393 00:22:42,840 --> 00:22:46,800 Speaker 5: of oil dropping. Well, oil drops for two reasons. One, 394 00:22:47,119 --> 00:22:50,719 Speaker 5: there's a huge supply, which has already happened under Trump. 395 00:22:50,960 --> 00:22:53,840 Speaker 5: But also there's a smaller demand. And that's where we 396 00:22:53,880 --> 00:22:58,719 Speaker 5: see the IMF. The IMF today and yesterday started releasing 397 00:22:58,840 --> 00:23:04,200 Speaker 5: data saying global recession. Global recession means less demand for oil, 398 00:23:04,400 --> 00:23:07,520 Speaker 5: which means prices drop. So oils drop. Prices are dropping 399 00:23:07,520 --> 00:23:11,760 Speaker 5: because of weak demand. We see China retaliating terrorfs are 400 00:23:11,760 --> 00:23:14,880 Speaker 5: slowing down the economy, the government's still shut down. Crypto 401 00:23:15,040 --> 00:23:18,560 Speaker 5: Crypto started falling. Why because crypto is not like gold, 402 00:23:18,600 --> 00:23:19,080 Speaker 5: It's not a. 403 00:23:19,040 --> 00:23:24,000 Speaker 4: Safe Wait a second, Crypto didn't start falling. Crypto crapped 404 00:23:24,200 --> 00:23:28,800 Speaker 4: the bed. There's a there's a difference between those two 405 00:23:28,920 --> 00:23:33,240 Speaker 4: things right there. That was very rough what took place 406 00:23:33,920 --> 00:23:37,359 Speaker 4: late last week, and that the reason for that is 407 00:23:37,400 --> 00:23:39,920 Speaker 4: people were going into gold, or did people go into 408 00:23:39,920 --> 00:23:41,320 Speaker 4: gold because that happened. 409 00:23:42,359 --> 00:23:44,520 Speaker 5: No, it's not that they went into gold. They went 410 00:23:44,560 --> 00:23:47,359 Speaker 5: away from crypto because crypto is not a safe haven. 411 00:23:48,200 --> 00:23:50,639 Speaker 5: People and the crypto industry were trying to convince all 412 00:23:50,640 --> 00:23:52,600 Speaker 5: of us that it's the next goal, is the next 413 00:23:52,640 --> 00:23:56,119 Speaker 5: safe haven. It's the opposite. Crypto is a thing that 414 00:23:56,160 --> 00:23:58,880 Speaker 5: goes up when we're in boom times, and when we're 415 00:23:58,880 --> 00:24:00,960 Speaker 5: in bad times, you have to run away from it 416 00:24:01,000 --> 00:24:04,160 Speaker 5: because there's nothing behind it. There's no income, there's no assets. 417 00:24:04,359 --> 00:24:08,000 Speaker 5: It's pure speculations. So guess what, when the economy's tanking, 418 00:24:08,680 --> 00:24:10,600 Speaker 5: people are going to run away from it because it's 419 00:24:10,600 --> 00:24:13,760 Speaker 5: pure speculation. And that's what you saw happening. It's an 420 00:24:13,760 --> 00:24:16,840 Speaker 5: indicator of bad things. And so when people dumped it 421 00:24:16,920 --> 00:24:18,560 Speaker 5: and you know, to you to hear a phrase when 422 00:24:18,560 --> 00:24:21,600 Speaker 5: they crafted this last week, that's just not a good 423 00:24:21,640 --> 00:24:23,600 Speaker 5: sign of things coming in the future. 424 00:24:24,080 --> 00:24:28,120 Speaker 4: Talking to doctor Matt Will, economists at the University of Indianapolis, 425 00:24:28,520 --> 00:24:31,000 Speaker 4: let's dig in a little bit to what we're seeing 426 00:24:31,080 --> 00:24:35,960 Speaker 4: in the market and specifically these AI investments. The story 427 00:24:36,040 --> 00:24:45,760 Speaker 4: today was about chips, specifically that you're seeing an order 428 00:24:45,880 --> 00:24:49,640 Speaker 4: of AMD chips and then a number of like fifty 429 00:24:49,800 --> 00:24:51,640 Speaker 4: thousand that Oracle is. 430 00:24:51,600 --> 00:24:54,199 Speaker 2: Going to be releasing out into the world. 431 00:24:54,600 --> 00:24:58,800 Speaker 4: So you've got Nvidia making chips, You've got AMD making chips. 432 00:24:59,000 --> 00:25:00,480 Speaker 2: It makes one wonder why. 433 00:25:00,280 --> 00:25:04,080 Speaker 4: The United States has any investment into Intel whatsoever. If 434 00:25:04,080 --> 00:25:06,280 Speaker 4: they can't keep up and make these deals, let them 435 00:25:06,320 --> 00:25:08,440 Speaker 4: go out of business. There's no such thing as too 436 00:25:08,440 --> 00:25:12,199 Speaker 4: big to fail. But that's the argument I'm making, or 437 00:25:12,240 --> 00:25:15,000 Speaker 4: the point I'm trying to make, is that this is 438 00:25:15,080 --> 00:25:19,920 Speaker 4: again all about AI. Is this market that we're seeing 439 00:25:19,960 --> 00:25:23,639 Speaker 4: a healthy market? Or if one AI company goes bust, 440 00:25:23,680 --> 00:25:25,560 Speaker 4: does everything else go bust along with it? 441 00:25:26,640 --> 00:25:28,919 Speaker 5: Okay, First of all, I don't think any AI company, 442 00:25:29,080 --> 00:25:31,199 Speaker 5: not any I don't think the AI industry is going 443 00:25:31,240 --> 00:25:34,040 Speaker 5: to go bust. I think it's legit. It's here to stay, 444 00:25:34,080 --> 00:25:36,159 Speaker 5: and it's going to get bigger and bigger and bigger. 445 00:25:36,200 --> 00:25:38,439 Speaker 5: So people should not worry that AI is a bubble. 446 00:25:38,600 --> 00:25:42,520 Speaker 5: It is not a bubble. It's actually producing profits. As 447 00:25:42,520 --> 00:25:47,280 Speaker 5: far as AI driving the economy, yes, we've talked about 448 00:25:47,280 --> 00:25:49,840 Speaker 5: it on your show two years ago. The mag seven 449 00:25:49,840 --> 00:25:52,119 Speaker 5: accounts for the entire gain of the s and P 450 00:25:52,240 --> 00:25:55,320 Speaker 5: five hundred last year. That grew a little bit, but 451 00:25:55,359 --> 00:25:58,280 Speaker 5: you're talking basically the top twenty thirty companies, and the 452 00:25:58,359 --> 00:26:02,719 Speaker 5: SMP drove the entire hire gain in the market. Yes, 453 00:26:02,840 --> 00:26:06,680 Speaker 5: it is an AI driven economy. And you know, I 454 00:26:06,800 --> 00:26:09,359 Speaker 5: like Trump in many areas, but I gotta tell you 455 00:26:09,440 --> 00:26:10,879 Speaker 5: he needs to go and kiss the butt of the 456 00:26:10,920 --> 00:26:14,240 Speaker 5: AI industry because his terrorists would be taking this entire 457 00:26:14,280 --> 00:26:17,720 Speaker 5: economy if it weren't for AI. AI is saving his butt, 458 00:26:17,760 --> 00:26:19,000 Speaker 5: and it's saving all of us. 459 00:26:21,040 --> 00:26:24,199 Speaker 4: It's saving all of us bothers me. I see that 460 00:26:24,400 --> 00:26:28,399 Speaker 4: as a massive problem. Is it that no other industry 461 00:26:28,480 --> 00:26:31,840 Speaker 4: is getting the investment because AI is sucking. 462 00:26:31,560 --> 00:26:33,920 Speaker 2: All the dollars out of the room? Or do all 463 00:26:33,920 --> 00:26:35,560 Speaker 2: the other businesses just suck? 464 00:26:37,160 --> 00:26:40,000 Speaker 5: I'm gonna go with the second one if I can have. 465 00:26:40,080 --> 00:26:42,560 Speaker 5: That's good suck for to Tony. 466 00:26:43,119 --> 00:26:47,399 Speaker 2: That is not a good sign, sir. That's a real problem. 467 00:26:47,960 --> 00:26:51,760 Speaker 5: It is a real problem. But but okay again, no, 468 00:26:51,880 --> 00:26:53,880 Speaker 5: I'm going to take that back. It's not a real problem. 469 00:26:53,920 --> 00:26:56,639 Speaker 5: And you shouldn't be nervous about AI. Were we nervous 470 00:26:56,760 --> 00:26:59,320 Speaker 5: when the internet came into existence? Back when Al Gore 471 00:26:59,320 --> 00:27:02,600 Speaker 5: invented it in the eighties. Of course we weren't. We 472 00:27:02,680 --> 00:27:06,359 Speaker 5: knew we were nervous. But isn't it great? It created 473 00:27:06,440 --> 00:27:09,280 Speaker 5: incredible wealth for this world. You know, when the internal 474 00:27:09,280 --> 00:27:11,919 Speaker 5: combustion engine came around in the beginning of the nineteenth 475 00:27:11,960 --> 00:27:14,560 Speaker 5: century or the twentieth century, we're we nervous about that, 476 00:27:14,680 --> 00:27:17,159 Speaker 5: Yes we were, but guess what, the horse and buggy 477 00:27:17,160 --> 00:27:21,399 Speaker 5: industry it's gone. Thank goodness. The internal combustion and engine 478 00:27:21,440 --> 00:27:26,080 Speaker 5: has created tremendous wealth in planes, automobiles, trains, you named 479 00:27:26,160 --> 00:27:29,800 Speaker 5: across the board. No, don't be worried about it. This 480 00:27:30,000 --> 00:27:32,280 Speaker 5: AI is not a bad thing. It's a good thing. 481 00:27:32,320 --> 00:27:34,800 Speaker 5: And we could spend hours, I could give you examples. 482 00:27:34,800 --> 00:27:37,040 Speaker 5: I met with people this week who are using AI 483 00:27:37,119 --> 00:27:40,720 Speaker 5: to incredible benefit. So I think you should not be 484 00:27:40,760 --> 00:27:43,080 Speaker 5: worried about AI driving the economy. It's legit. 485 00:27:44,520 --> 00:27:49,760 Speaker 4: Talking to doctor Matt Well, economist at the University of Indianapolis, 486 00:27:50,119 --> 00:27:54,760 Speaker 4: we're seeing oil prices go down in the sites that 487 00:27:55,080 --> 00:27:57,600 Speaker 4: I look at. I see the West Texas crewed which 488 00:27:57,600 --> 00:28:00,480 Speaker 4: comes out of the ground. That's a fit fifty eight 489 00:28:00,560 --> 00:28:03,760 Speaker 4: dollars a barrel, right, maybe so a little bit over 490 00:28:04,160 --> 00:28:08,639 Speaker 4: and we're seeing Brent's crude that's coming in just over 491 00:28:08,840 --> 00:28:12,680 Speaker 4: sixty two dollars a barrel in both those cases. That's 492 00:28:12,800 --> 00:28:15,399 Speaker 4: lower than it has been we really have been in 493 00:28:15,440 --> 00:28:18,840 Speaker 4: the sixties, and we settle around that mid sixties area 494 00:28:19,000 --> 00:28:21,840 Speaker 4: sixty three dollars a barrel for the West Texas crude, 495 00:28:21,840 --> 00:28:25,320 Speaker 4: sixty six sixty seven, sixty eight dollars a barrel on 496 00:28:25,359 --> 00:28:26,359 Speaker 4: the Brent's crude. 497 00:28:26,480 --> 00:28:28,240 Speaker 2: This is coming down a bit. 498 00:28:28,440 --> 00:28:32,479 Speaker 4: Is this a usage conversation or something else going on? 499 00:28:33,840 --> 00:28:38,040 Speaker 5: It's both the IEA, the International Energy Agency, they have 500 00:28:38,280 --> 00:28:44,480 Speaker 5: forecasted substantial increases in surpluses globally. OPEK is increasing their production. 501 00:28:45,800 --> 00:28:49,520 Speaker 5: Trump created peace in the Middle East. This is this 502 00:28:49,600 --> 00:28:52,560 Speaker 5: is the opposite of the Gulf War. He created peace 503 00:28:52,640 --> 00:28:54,520 Speaker 5: in the Middle East two and their right mind would 504 00:28:54,520 --> 00:28:57,000 Speaker 5: have thought that would have happened. And guess what That's 505 00:28:57,040 --> 00:29:00,200 Speaker 5: going to increase the flow of oil oil production. Ran 506 00:29:00,320 --> 00:29:02,200 Speaker 5: is probably going to get away with producing more oil. 507 00:29:02,440 --> 00:29:04,360 Speaker 5: And then we have weak demand, like we've been talking 508 00:29:04,400 --> 00:29:07,560 Speaker 5: about the tariffs, the wars that he that Trump is 509 00:29:07,600 --> 00:29:11,760 Speaker 5: initiating on the economic front. These combinations are increasing supply 510 00:29:11,880 --> 00:29:15,600 Speaker 5: and decreasing demand. That's exactly what you're seeing it's basically 511 00:29:15,680 --> 00:29:16,920 Speaker 5: a geopolitical game. 512 00:29:17,720 --> 00:29:20,160 Speaker 4: But we also see, as you mentioned tariffs, which is 513 00:29:20,200 --> 00:29:23,520 Speaker 4: the only thing we haven't gotten into. You had China 514 00:29:23,720 --> 00:29:27,320 Speaker 4: titan controls on rare earth minerals. You had Trump say, well, 515 00:29:27,320 --> 00:29:28,640 Speaker 4: if you're going to do that, what in the world 516 00:29:28,640 --> 00:29:31,520 Speaker 4: are we meeting for in Seoul. Then you had an 517 00:29:31,560 --> 00:29:33,800 Speaker 4: increase in tariffs by one hundred percent. 518 00:29:34,080 --> 00:29:35,240 Speaker 2: Then you had China. 519 00:29:35,040 --> 00:29:37,280 Speaker 4: Say who in the world are you and engage some 520 00:29:37,440 --> 00:29:40,480 Speaker 4: other maneuvers, which led Trump to say, hey, she just 521 00:29:40,560 --> 00:29:42,960 Speaker 4: made a mistake. Jijenfing just made a little boo boo, 522 00:29:42,960 --> 00:29:45,960 Speaker 4: a little error. It'll all be fine, It'll it'll be good. 523 00:29:46,040 --> 00:29:51,280 Speaker 4: And yet here we are with rising tariffs. You keep 524 00:29:51,440 --> 00:29:55,840 Speaker 4: arguing that the tariffs are a mistake. I am not 525 00:29:55,920 --> 00:29:59,120 Speaker 4: a fan of the tariffs, but we look at the 526 00:29:59,160 --> 00:30:02,040 Speaker 4: tariffs different when we're talking about China than when we're 527 00:30:02,080 --> 00:30:03,760 Speaker 4: talking about the rest of the world. 528 00:30:04,520 --> 00:30:07,200 Speaker 2: So break it down into its two component parts. 529 00:30:07,760 --> 00:30:10,440 Speaker 4: Should we be tariffing in China and as a one 530 00:30:10,520 --> 00:30:13,040 Speaker 4: hundred percent tariff in addition to what we already got, 531 00:30:13,200 --> 00:30:14,080 Speaker 4: is that the answer? 532 00:30:15,360 --> 00:30:17,280 Speaker 5: Okay, I'm going to go back to what you've been 533 00:30:17,280 --> 00:30:21,640 Speaker 5: saying for years tactic versus policy right, And I think 534 00:30:21,720 --> 00:30:25,360 Speaker 5: that Trump is extremely inconsistent in how he's applying tariffs 535 00:30:25,360 --> 00:30:27,960 Speaker 5: to China. At the beginning, he told us it was 536 00:30:27,960 --> 00:30:30,440 Speaker 5: all about Fentanel, it was all about South China Sea, 537 00:30:30,480 --> 00:30:33,320 Speaker 5: it was all about national security. And then it's like, oh, 538 00:30:33,360 --> 00:30:35,120 Speaker 5: we can make a deal with China, they can be 539 00:30:35,200 --> 00:30:39,280 Speaker 5: our friend. Well, which is it? I personally believe from 540 00:30:39,320 --> 00:30:42,240 Speaker 5: an economic standpoint they're terrible, But I think from a 541 00:30:42,280 --> 00:30:45,920 Speaker 5: geopolitical standpoint they're good for China, And I think we 542 00:30:46,000 --> 00:30:48,200 Speaker 5: need to stick with the Let's get China out of 543 00:30:48,240 --> 00:30:50,760 Speaker 5: the rare earth business, Let's get out of us being 544 00:30:50,800 --> 00:30:55,000 Speaker 5: dependent on China for drones. Let's change our approach to China. 545 00:30:55,120 --> 00:30:58,240 Speaker 5: They are the enemy. Why can't Why does Trump? Sometimes 546 00:30:58,280 --> 00:31:00,880 Speaker 5: they're his friend and sometimes there's his enemy. I think 547 00:31:00,960 --> 00:31:04,040 Speaker 5: Paris to use as a weapon against China is appropriate. 548 00:31:04,160 --> 00:31:07,000 Speaker 5: It's bad. It will hurt us. You and I will suffer, 549 00:31:07,520 --> 00:31:09,440 Speaker 5: But guess what happens in a war? People suffer? 550 00:31:10,920 --> 00:31:15,720 Speaker 4: How long does the suffering go on? Meaning is there 551 00:31:15,760 --> 00:31:18,280 Speaker 4: a change in policy that a Scott Bests in the 552 00:31:18,280 --> 00:31:21,600 Speaker 4: Treasury Secretary or Kevin hasse to the White House Economic 553 00:31:21,680 --> 00:31:24,480 Speaker 4: council that someone could bring to the table that Trump 554 00:31:24,480 --> 00:31:28,120 Speaker 4: would engage or is this the new reality and it's 555 00:31:28,160 --> 00:31:30,160 Speaker 4: the new reality for at least three more years. 556 00:31:31,240 --> 00:31:33,240 Speaker 5: Okay, it can end, but I don't know if we 557 00:31:33,280 --> 00:31:35,480 Speaker 5: have the political will to do it. Of all the 558 00:31:35,520 --> 00:31:37,680 Speaker 5: people in history who have a political will to do it, 559 00:31:37,720 --> 00:31:40,680 Speaker 5: Trump probably does. And here it is, we actually have 560 00:31:40,800 --> 00:31:43,480 Speaker 5: the ability to produce rare earth minerals in this country, 561 00:31:43,680 --> 00:31:46,120 Speaker 5: but we haven't done so. We haven't mined them and 562 00:31:46,200 --> 00:31:50,080 Speaker 5: produced them because China has been subsidizing this industry. They've 563 00:31:50,120 --> 00:31:53,080 Speaker 5: been undercutting the prices and making it unaffordable for us 564 00:31:53,120 --> 00:31:56,000 Speaker 5: to buy our and produce our own rare earth minerals. 565 00:31:56,760 --> 00:32:01,680 Speaker 5: Why because of environmental restrictions. The environmental restrictions in this 566 00:32:01,760 --> 00:32:05,120 Speaker 5: country have prevented us from dominating the world in this industry. 567 00:32:05,600 --> 00:32:09,040 Speaker 5: Trump needs to get on this issue, jump on it immediately, 568 00:32:09,280 --> 00:32:12,160 Speaker 5: and say get rid of the EPA relative to rearers minerals, 569 00:32:12,160 --> 00:32:14,560 Speaker 5: we're going to be the world producer. I think he 570 00:32:14,640 --> 00:32:16,280 Speaker 5: can do it. He has a political will, but he 571 00:32:16,320 --> 00:32:18,520 Speaker 5: needs to focus on it and stop trying to cut 572 00:32:18,560 --> 00:32:19,320 Speaker 5: a deal with China. 573 00:32:19,640 --> 00:32:24,480 Speaker 4: That's a lee Zelden conversation for sure who runs the EPA, 574 00:32:24,600 --> 00:32:28,920 Speaker 4: Doctor Mattwill, economists at the University of Indianapolis. Dr Matt 575 00:32:29,040 --> 00:32:31,720 Speaker 4: Will on the Twitter X follow him there. I appreciate 576 00:32:31,760 --> 00:32:35,640 Speaker 4: you taking the time to be with us. Find everything 577 00:32:35,720 --> 00:32:39,320 Speaker 4: I do over at Tony katz dot com. Subscribe, download, 578 00:32:39,360 --> 00:32:40,880 Speaker 4: do all the things, get that done. 579 00:32:40,760 --> 00:32:44,760 Speaker 2: Immediately, keep it here. This is Tony Katz today in Indiana. 580 00:32:45,040 --> 00:32:49,720 Speaker 4: There's a big conversation about redistricting and Republicans here are 581 00:32:49,840 --> 00:32:51,520 Speaker 4: not one hundred percent sure if they want to do it, 582 00:32:51,560 --> 00:32:55,680 Speaker 4: and Republicans here are wrong. Tony Katz, Tony Kats Today, 583 00:32:55,760 --> 00:32:58,280 Speaker 4: Great to be with you. There are some Republicans who 584 00:32:58,240 --> 00:32:59,840 Speaker 4: have come out and said, we're not going to redistrict. 585 00:33:00,120 --> 00:33:03,920 Speaker 4: We have seven Republican districts out of nine possible. 586 00:33:04,200 --> 00:33:04,720 Speaker 2: We're good. 587 00:33:04,760 --> 00:33:06,760 Speaker 4: We're not going to do this because of pressure from 588 00:33:06,760 --> 00:33:07,360 Speaker 4: the White House. 589 00:33:07,560 --> 00:33:07,760 Speaker 2: JD. 590 00:33:07,880 --> 00:33:11,240 Speaker 4: Vans, vice President, has been in Indiana twice to discuss 591 00:33:11,520 --> 00:33:14,400 Speaker 4: this subject. And of course the left is all about 592 00:33:14,440 --> 00:33:17,000 Speaker 4: you're trying to steal elections. The left can scream all 593 00:33:17,040 --> 00:33:20,960 Speaker 4: they want and don't care. Redistricting is a conversation because 594 00:33:21,000 --> 00:33:23,560 Speaker 4: Texas decided to do something for the state of Texas 595 00:33:23,680 --> 00:33:25,640 Speaker 4: and the people who don't like it in Texas can 596 00:33:25,720 --> 00:33:30,320 Speaker 4: vote out their state legislators. California responded by saying, we 597 00:33:30,360 --> 00:33:33,240 Speaker 4: don't like what you do, Texas, so we're now going 598 00:33:33,280 --> 00:33:36,960 Speaker 4: to change our congressional districts because of what you did. 599 00:33:37,560 --> 00:33:39,680 Speaker 2: So they're engaged in an act of retribution. 600 00:33:40,440 --> 00:33:45,880 Speaker 4: And now Barack Obama has come out to say, redistrict California. 601 00:33:45,640 --> 00:33:49,360 Speaker 1: California, the whole nation is counting on you. Democracy is 602 00:33:49,400 --> 00:33:52,560 Speaker 1: on the ballot November fourth. Republicans want to steal enough 603 00:33:52,600 --> 00:33:55,400 Speaker 1: seats in Congress to rig the next election and wield 604 00:33:55,560 --> 00:33:56,680 Speaker 1: unchecked power. 605 00:33:56,520 --> 00:33:57,400 Speaker 5: For two more years. 606 00:33:58,280 --> 00:34:01,960 Speaker 1: With Prop fifty, you can stops in their tracks. Prop 607 00:34:02,000 --> 00:34:05,160 Speaker 1: fifty puts our elections back on a level playing field, 608 00:34:05,440 --> 00:34:08,960 Speaker 1: preserves independent redistricting over the long term, and lets the 609 00:34:09,000 --> 00:34:13,279 Speaker 1: people decide. Return your ballot today. Oh yes, on fifty two. 610 00:34:15,120 --> 00:34:18,719 Speaker 4: And this is why Indiana needs to redistrict. What is 611 00:34:18,719 --> 00:34:22,239 Speaker 4: he talking about? Preserves independent redistricting? You mean those those 612 00:34:22,560 --> 00:34:25,080 Speaker 4: kind of groups that decide whether or not you can 613 00:34:25,160 --> 00:34:25,800 Speaker 4: change the district. 614 00:34:25,880 --> 00:34:27,960 Speaker 2: Their job is to draw the districts. 615 00:34:28,000 --> 00:34:32,120 Speaker 4: No, the left already redistricted to their benefit and then 616 00:34:32,120 --> 00:34:36,520 Speaker 4: put these groups in place to keep their advantage. 617 00:34:36,800 --> 00:34:38,239 Speaker 2: The left is saying. 618 00:34:38,000 --> 00:34:39,960 Speaker 4: It's okay when we do it, how dare you do 619 00:34:39,960 --> 00:34:41,920 Speaker 4: it when you're on the political right. And the answer 620 00:34:42,000 --> 00:34:45,840 Speaker 4: is Indiana should redistrict now. And the Republicans in the 621 00:34:45,840 --> 00:34:49,680 Speaker 4: state of Indiana who don't understand this are wrong. Listen 622 00:34:49,800 --> 00:34:53,640 Speaker 4: to me, you are wrong redistrict now. Look what California 623 00:34:53,719 --> 00:34:57,759 Speaker 4: is doing. Other democratic states that have any Republican in 624 00:34:57,800 --> 00:35:00,440 Speaker 4: the House are going to do this. And you say, 625 00:35:00,480 --> 00:35:02,560 Speaker 4: to me, Tony, this is pretty ugly stuff. First, this 626 00:35:02,680 --> 00:35:07,920 Speaker 4: is a political process. It's all ugly stuff. Another general assembly. 627 00:35:08,360 --> 00:35:11,360 Speaker 4: Let's say, if you were to have more Democrats it 628 00:35:11,400 --> 00:35:14,600 Speaker 4: was a Democrat led general assembly picture Picker state, they 629 00:35:14,600 --> 00:35:17,200 Speaker 4: could redistrict too, because you can redistrict. 630 00:35:16,880 --> 00:35:17,880 Speaker 2: Anytime you want. 631 00:35:19,360 --> 00:35:22,719 Speaker 4: But it's about winning elections, those elections having consequences and 632 00:35:22,800 --> 00:35:23,719 Speaker 4: making changes. 633 00:35:24,200 --> 00:35:28,400 Speaker 2: Not because I started this fight. Texas did something. 634 00:35:29,120 --> 00:35:34,800 Speaker 4: Texas engaged in a legal political process where Texans can decide, 635 00:35:34,960 --> 00:35:39,720 Speaker 4: and California decided, let's go change our districts to screw 636 00:35:39,800 --> 00:35:43,760 Speaker 4: them over and to go on the attack. So now 637 00:35:44,120 --> 00:35:46,919 Speaker 4: that people are a Republican know they're under attack, what's 638 00:35:46,960 --> 00:35:50,840 Speaker 4: their plan take it? I'm sorry, I thought this was 639 00:35:50,920 --> 00:35:53,200 Speaker 4: the era of fighting back, because if you're just going 640 00:35:53,239 --> 00:35:56,719 Speaker 4: to sit back and take it, Bill Crystal, Okay, you'd 641 00:35:56,719 --> 00:35:59,440 Speaker 4: be like Bill Crystal, we need to redistrict. 642 00:35:59,560 --> 00:36:02,680 Speaker 2: Now. Find everything at Tony kats dot com your state 643 00:36:02,719 --> 00:36:04,640 Speaker 2: tube tomorrow. Everyone, take care,