1 00:00:00,040 --> 00:00:04,360 Speaker 1: High food prices disproportionately hurting working class people. One in 2 00:00:04,440 --> 00:00:08,520 Speaker 1: three say that they can't afford the groceries. Nearly fifty 3 00:00:08,560 --> 00:00:12,559 Speaker 1: percent say groceries are harder to afford. Yeah, so the 4 00:00:12,640 --> 00:00:16,239 Speaker 1: food inflation still up ground Beef still up twelve point 5 00:00:16,280 --> 00:00:19,600 Speaker 1: eight percent, eggs are up ten point nine percent, coffee 6 00:00:19,640 --> 00:00:23,280 Speaker 1: still up twenty point nine percent. So grocery prices are 7 00:00:23,360 --> 00:00:26,759 Speaker 1: thirty percent higher than they were just five years ago. 8 00:00:27,320 --> 00:00:32,400 Speaker 2: Okay, and this is why Trump finds himself. I think 9 00:00:32,520 --> 00:00:35,599 Speaker 2: we kind of accept now there's enough polls, including by 10 00:00:35,600 --> 00:00:37,559 Speaker 2: people who support him. You put him together, he's in 11 00:00:37,600 --> 00:00:41,280 Speaker 2: the low forties and it's trending downward. And that is 12 00:00:41,320 --> 00:00:43,360 Speaker 2: because he has not not only has he not done 13 00:00:43,400 --> 00:00:47,120 Speaker 2: anything to address he's making it worse by the tariffs 14 00:00:47,400 --> 00:00:50,280 Speaker 2: and now these interest rate cuts, basically strong arming the 15 00:00:50,320 --> 00:00:54,800 Speaker 2: Fed into cutting interest rates. He's making the signature issue worse, 16 00:00:54,840 --> 00:00:56,880 Speaker 2: which is the affordability of living. 17 00:00:57,720 --> 00:01:00,000 Speaker 1: Yeah. I mean, this is a real concern for the midterms, 18 00:01:00,200 --> 00:01:02,800 Speaker 1: right because this is one of the major issues that 19 00:01:03,120 --> 00:01:06,640 Speaker 1: the Republicans and Trump ran on in twenty four. This 20 00:01:06,720 --> 00:01:12,440 Speaker 1: could really influence the twenty six midterms because there is 21 00:01:12,480 --> 00:01:14,320 Speaker 1: it's not going to be immigration. It's not going to 22 00:01:14,360 --> 00:01:17,720 Speaker 1: be crime. It's going to be because you can't afford 23 00:01:17,760 --> 00:01:20,160 Speaker 1: to eat and you got to eat. Yeah. 24 00:01:20,160 --> 00:01:22,600 Speaker 2: I had a long conversation it's been a week or 25 00:01:22,640 --> 00:01:26,360 Speaker 2: so ago with somebody in the financial industry, and we 26 00:01:26,360 --> 00:01:30,160 Speaker 2: were talking about what are governments doing in the behavior 27 00:01:30,200 --> 00:01:34,880 Speaker 2: they're incentivizing, and so basically they sell to you, oh, 28 00:01:34,920 --> 00:01:36,560 Speaker 2: we're going to cut rates, and look at how this 29 00:01:36,640 --> 00:01:39,959 Speaker 2: is going to help you buy a home. Well, okay, 30 00:01:40,200 --> 00:01:45,400 Speaker 2: maybe a little, maybe some, but okay, what percentage of 31 00:01:45,440 --> 00:01:48,600 Speaker 2: the population is currently in the market to buy a home. 32 00:01:49,000 --> 00:01:51,600 Speaker 2: You can cut your rate from six and a half 33 00:01:51,640 --> 00:01:54,480 Speaker 2: to six point two five, you're still three and a 34 00:01:54,520 --> 00:01:57,040 Speaker 2: half points higher than where I'm at. It doesn't help 35 00:01:57,120 --> 00:02:00,000 Speaker 2: me one bit. Yeah, there are some people who looking 36 00:02:00,120 --> 00:02:02,280 Speaker 2: to get into the market that this will help, But 37 00:02:02,440 --> 00:02:05,320 Speaker 2: as with everything else this government does, be it Biden 38 00:02:05,480 --> 00:02:08,480 Speaker 2: or Trump or any of these other people, the businesses, 39 00:02:08,560 --> 00:02:11,799 Speaker 2: the big business, the people with access to mass capital 40 00:02:12,440 --> 00:02:15,680 Speaker 2: are going to be the beneficiaries. That's who's going to 41 00:02:15,680 --> 00:02:19,760 Speaker 2: be able to borrow substantial amounts of money on the cheap, 42 00:02:20,320 --> 00:02:24,040 Speaker 2: which then it encourages reckless behavior because they've got the 43 00:02:24,240 --> 00:02:26,840 Speaker 2: society's got to make money. Well, if they're gutting the 44 00:02:26,919 --> 00:02:28,799 Speaker 2: value of money, which means if you put your thing 45 00:02:28,840 --> 00:02:31,079 Speaker 2: in like a CD or a money market account, you're 46 00:02:31,080 --> 00:02:33,880 Speaker 2: not getting any interest out of that now. So now 47 00:02:33,880 --> 00:02:38,239 Speaker 2: you've got to do something more reckless like and looks. 48 00:02:38,280 --> 00:02:41,800 Speaker 2: Consult your trained financial advisor, but put it in the 49 00:02:41,840 --> 00:02:45,120 Speaker 2: stock market, which sometimes it pays off, sometimes it doesn't. 50 00:02:45,720 --> 00:02:47,960 Speaker 2: But you're taking people who want to do things the 51 00:02:48,040 --> 00:02:51,079 Speaker 2: right way. I want to make money, I want to 52 00:02:51,080 --> 00:02:52,840 Speaker 2: save money. I want to put it in something secure. 53 00:02:52,840 --> 00:02:54,320 Speaker 2: I want to put in something that's going to grow 54 00:02:54,400 --> 00:02:57,040 Speaker 2: over time. I don't want to have a risk with 55 00:02:57,120 --> 00:03:00,760 Speaker 2: my finances. Older people certainly fall into this cat and 56 00:03:00,760 --> 00:03:03,800 Speaker 2: they're going, eh, eh, no home for you here. Either 57 00:03:03,840 --> 00:03:06,959 Speaker 2: you play by these rules because your money's worth nothing, 58 00:03:07,560 --> 00:03:10,560 Speaker 2: or don't play at all. And that is that is 59 00:03:10,600 --> 00:03:13,079 Speaker 2: the Trump economy right now. I'm sorry, people gonna be 60 00:03:13,080 --> 00:03:15,359 Speaker 2: mad because I'm saying something negative about Trump, but this 61 00:03:15,400 --> 00:03:18,440 Speaker 2: is why his approval ratings are where they're at. People 62 00:03:18,520 --> 00:03:21,320 Speaker 2: see that their life is not getting more affordable. People 63 00:03:21,440 --> 00:03:24,480 Speaker 2: see that living is not getting easier. Trump promised to 64 00:03:24,480 --> 00:03:26,960 Speaker 2: fix these things, and a time and again is doing 65 00:03:26,960 --> 00:03:29,239 Speaker 2: things that are doing the exact opposite. 66 00:03:30,160 --> 00:03:33,200 Speaker 1: So we're told over and over again that we have 67 00:03:33,240 --> 00:03:35,960 Speaker 1: a strong GDP and the stock market is performing and 68 00:03:36,000 --> 00:03:39,080 Speaker 1: there's low unemployment. But the thing is the wage growth 69 00:03:39,080 --> 00:03:44,200 Speaker 1: has slowed, and if you can't afford your groceries, you 70 00:03:44,720 --> 00:03:46,240 Speaker 1: really have to look at that. It's not going to 71 00:03:46,280 --> 00:03:49,440 Speaker 1: be it's the economy. It's going to be it's the groceries. Now, 72 00:03:49,440 --> 00:03:53,000 Speaker 1: coming out of the Trump administration, you've got the Press 73 00:03:53,040 --> 00:03:58,400 Speaker 1: secretary who is blaming Biden for inherited inflation, and she's 74 00:03:58,440 --> 00:04:01,120 Speaker 1: pointing out, well, you know the price so eggs have dropped, 75 00:04:02,120 --> 00:04:06,640 Speaker 1: But wasn't the egg price increase due to the disease? 76 00:04:07,760 --> 00:04:10,640 Speaker 2: Yeah, I remember there was a huge outbreak of bird flu, 77 00:04:11,680 --> 00:04:14,840 Speaker 2: which is why, yes, there was a there was a 78 00:04:14,880 --> 00:04:17,520 Speaker 2: spike because that was last year, wasn't it. And remember 79 00:04:17,520 --> 00:04:19,480 Speaker 2: Biden was trying to say this is not my fault, 80 00:04:19,520 --> 00:04:22,000 Speaker 2: which for once, maybe it really was his fault. But 81 00:04:22,360 --> 00:04:26,479 Speaker 2: my point in all of this is so many people 82 00:04:26,600 --> 00:04:29,080 Speaker 2: are invested to well, if we just win this election, 83 00:04:29,400 --> 00:04:31,760 Speaker 2: or we just win that election. If you take the 84 00:04:31,800 --> 00:04:35,320 Speaker 2: amount of money you said the past five years, that 85 00:04:35,400 --> 00:04:41,400 Speaker 2: was your stat right, food prices have increased thirty percent. 86 00:04:41,160 --> 00:04:43,600 Speaker 1: Grocery price is thirty percent higher than five years old. 87 00:04:43,640 --> 00:04:46,479 Speaker 2: Okay, so that we're including twenty twenty in this then right. 88 00:04:46,560 --> 00:04:49,200 Speaker 2: So okay, So if you take the amount of money 89 00:04:49,240 --> 00:04:53,560 Speaker 2: printed by Trump and the Republicans in twenty twenty and 90 00:04:53,600 --> 00:04:55,800 Speaker 2: the amount of money they've now agreed to print in 91 00:04:55,839 --> 00:04:59,159 Speaker 2: the big bull crap Bill, and you add those together 92 00:04:59,200 --> 00:05:01,719 Speaker 2: and you compare them to the amount of money Biden 93 00:05:01,800 --> 00:05:05,120 Speaker 2: printed in his four years in office, Trump has printed 94 00:05:05,120 --> 00:05:07,640 Speaker 2: more money. So, unless you're just going to say money 95 00:05:07,680 --> 00:05:13,039 Speaker 2: printed during Republican administrations doesn't count, which I think any 96 00:05:13,080 --> 00:05:16,120 Speaker 2: economist is going to tell you, debt is debt, whether 97 00:05:16,120 --> 00:05:20,400 Speaker 2: it's done by Republicans or Democrats, then Republicans have contributed 98 00:05:20,400 --> 00:05:24,360 Speaker 2: more to higher food prices, and Republicans bribed the States 99 00:05:24,600 --> 00:05:28,120 Speaker 2: to shut down the country, which caused the supply chain issues. 100 00:05:28,240 --> 00:05:30,159 Speaker 2: Now we all know Biden would have done it too. 101 00:05:30,839 --> 00:05:32,840 Speaker 2: I'm not sitting here saying, oh, if only Biden had 102 00:05:32,880 --> 00:05:34,760 Speaker 2: been president, this wouldn't have happened. Of course it would 103 00:05:34,760 --> 00:05:37,880 Speaker 2: have happened. But until we start having an honest assessment 104 00:05:37,880 --> 00:05:41,159 Speaker 2: of who our politicians are and what they've actually done, 105 00:05:41,400 --> 00:05:45,039 Speaker 2: screw their press conferences. Screw their rallies, screw their TV interviews, 106 00:05:45,080 --> 00:05:47,040 Speaker 2: screw it they put on social media, look at their 107 00:05:47,080 --> 00:05:52,839 Speaker 2: actual voting record. Both of these sides have played a 108 00:05:52,920 --> 00:05:56,120 Speaker 2: part in you being where you are today, and yet 109 00:05:56,120 --> 00:05:58,600 Speaker 2: some people either can't or won't get that through their head, 110 00:05:58,600 --> 00:06:00,600 Speaker 2: and they keep cheer leading for one inside or another 111 00:06:00,640 --> 00:06:02,800 Speaker 2: to win because somehow their life's going to get better.