1 00:00:05,200 --> 00:00:10,800 Speaker 1: Line from ball Hartbeiner and the Crossroads of America. It's 2 00:00:10,880 --> 00:00:16,079 Speaker 1: Tony Kats today. Operation Southern Spear seems to be in 3 00:00:16,239 --> 00:00:22,120 Speaker 1: full effect, as it was announced that three more Narco 4 00:00:22,239 --> 00:00:27,000 Speaker 1: terrorists were killed in strikes by the US military. Tony Katz, 5 00:00:27,400 --> 00:00:29,960 Speaker 1: Tony Katz today, good to be with you. This was 6 00:00:30,000 --> 00:00:33,320 Speaker 1: an announcement from the Secretary of War Pete haig Set 7 00:00:33,320 --> 00:00:37,440 Speaker 1: they're calling him Secretary of THEE now that Operation Southern 8 00:00:37,479 --> 00:00:41,519 Speaker 1: Spear will be a military and surveillance operation in the 9 00:00:41,600 --> 00:00:45,560 Speaker 1: southcomb Aoar. That's area of responsibility. You already saw the 10 00:00:45,680 --> 00:00:49,360 Speaker 1: USS s Gerald Ford moved into the Caribbean to lead this. 11 00:00:49,520 --> 00:00:52,600 Speaker 1: That is the largest aircraft carrier that we have in 12 00:00:52,640 --> 00:00:58,000 Speaker 1: the fleet. I have no issue with the movement of 13 00:00:58,120 --> 00:01:02,720 Speaker 1: the United States Navy a force that it is right. 14 00:01:03,440 --> 00:01:06,559 Speaker 1: As a major. Mike Lyons, retired the United States Army 15 00:01:06,920 --> 00:01:10,720 Speaker 1: described it a Trump's doctrine of visible leverage, which is 16 00:01:10,760 --> 00:01:13,039 Speaker 1: to say, hey, we really do have the big stick, 17 00:01:13,160 --> 00:01:16,679 Speaker 1: and hey, we will totally use the big stick, so 18 00:01:16,920 --> 00:01:20,560 Speaker 1: maybe you should calm down. We absolutely have a problem 19 00:01:20,920 --> 00:01:24,360 Speaker 1: with Venezuela and other countries sending drugs into the United States, 20 00:01:24,400 --> 00:01:26,640 Speaker 1: and it has to be dealt with, and no, I 21 00:01:26,680 --> 00:01:28,880 Speaker 1: have no issue with it being dealt with this way. 22 00:01:29,040 --> 00:01:31,480 Speaker 1: My argument has been and I believe this is the 23 00:01:31,480 --> 00:01:34,480 Speaker 1: congressional argument, and I believe it has a lot of accuracy, 24 00:01:35,440 --> 00:01:39,000 Speaker 1: that you can't engage a war action without Congress's approval. 25 00:01:39,319 --> 00:01:44,479 Speaker 1: And that's clearly what this is. It is what it is, 26 00:01:45,319 --> 00:01:51,080 Speaker 1: and it is a war action. You're calling these drug 27 00:01:51,160 --> 00:01:55,360 Speaker 1: runners narco terrorists. You're making a claim about the government 28 00:01:55,560 --> 00:01:59,160 Speaker 1: and its leadership, no matter how false or how unworthy 29 00:01:59,440 --> 00:02:03,960 Speaker 1: or how fraud judgulent they are. So therefore one must 30 00:02:04,000 --> 00:02:09,080 Speaker 1: state the words, which is we're with Venezuela. One must 31 00:02:09,120 --> 00:02:13,640 Speaker 1: get some level of authorization. The president could defend the nation. Fact, 32 00:02:14,720 --> 00:02:21,400 Speaker 1: the president engaging in a military operation against an enemy 33 00:02:21,520 --> 00:02:25,079 Speaker 1: that he has now declared on an ongoing basis might 34 00:02:25,120 --> 00:02:29,639 Speaker 1: need some congressional approval. That's all. That's all. And if 35 00:02:29,680 --> 00:02:32,000 Speaker 1: you want to put Democrats on the record being opposed 36 00:02:32,280 --> 00:02:36,480 Speaker 1: to stopping these narcotics from entering the United States, then 37 00:02:36,480 --> 00:02:40,320 Speaker 1: go right ahead. I'm all in for that. Put him 38 00:02:40,320 --> 00:02:43,120 Speaker 1: on the record. But you're gonna have to get him 39 00:02:43,160 --> 00:02:45,400 Speaker 1: on the record, because I think that these members of 40 00:02:45,400 --> 00:02:48,520 Speaker 1: Congress have a point what's going on with the reduction 41 00:02:48,600 --> 00:02:51,560 Speaker 1: in tariffs. Doctor Matt Will, economist up next to discuss it. 42 00:02:51,800 --> 00:02:55,520 Speaker 1: This is Tony Katz today. So President Trump decides that 43 00:02:55,720 --> 00:02:58,720 Speaker 1: tariffs on beef and coffee are all of a sudden 44 00:02:58,800 --> 00:03:03,400 Speaker 1: no good. These are a serious, serious issue, these tariffs, 45 00:03:03,440 --> 00:03:05,480 Speaker 1: and they have to be gotten rid of in order 46 00:03:05,520 --> 00:03:10,520 Speaker 1: to lower prices. Yet I have been told reliably by 47 00:03:10,639 --> 00:03:14,359 Speaker 1: all the people of Magaville that tariffs are great. It's 48 00:03:14,400 --> 00:03:17,920 Speaker 1: what's going to make America safe. And you don't understand, Tony, 49 00:03:17,960 --> 00:03:21,920 Speaker 1: and Steve Bannon referred to me as a stock Republican. Oh, Steve, 50 00:03:22,680 --> 00:03:26,800 Speaker 1: you're pretty Tony Katz. Tony Katz today, Good to be 51 00:03:26,880 --> 00:03:31,040 Speaker 1: with you. If the tariffs work so beautifully, why cut 52 00:03:31,520 --> 00:03:36,320 Speaker 1: any tariffs at all, especially on things like beef or 53 00:03:36,440 --> 00:03:42,760 Speaker 1: coffee or bananas in coco. Doctor Mattwell joins us economist 54 00:03:42,760 --> 00:03:47,120 Speaker 1: at the University of Indianapolis. And this all starts with 55 00:03:47,200 --> 00:03:50,560 Speaker 1: a story I saw at Breitbart dot com and it 56 00:03:50,600 --> 00:03:52,920 Speaker 1: was a FED study. If this is what the headline says, 57 00:03:53,240 --> 00:03:56,640 Speaker 1: FED meaning the Federal Reserve. FED study vindicates Trump policy. 58 00:03:57,040 --> 00:04:01,400 Speaker 1: One hundred and fifty years of evidence showed Griff's lower inflation. 59 00:04:02,360 --> 00:04:05,080 Speaker 1: And they go through this idea that they studied from 60 00:04:05,320 --> 00:04:07,920 Speaker 1: eighteen seventy to twenty twenty, and they took a look 61 00:04:07,920 --> 00:04:10,280 Speaker 1: at tariffs the United States, the United Kingdom, in France. 62 00:04:10,280 --> 00:04:13,160 Speaker 1: They took a macro view at this and what they 63 00:04:13,200 --> 00:04:18,000 Speaker 1: came to realize is that when you engage tariffs in 64 00:04:18,120 --> 00:04:23,520 Speaker 1: putting a price increase on things from other countries, that 65 00:04:23,600 --> 00:04:26,440 Speaker 1: what happens is that inflation doesn't go out of control. 66 00:04:26,560 --> 00:04:28,799 Speaker 1: And we certainly have seen the United States that inflation 67 00:04:28,960 --> 00:04:31,640 Speaker 1: did not rise. It's been kind of interesting. It's still 68 00:04:31,720 --> 00:04:34,120 Speaker 1: higher than where the FED wants it to be. But 69 00:04:34,200 --> 00:04:36,599 Speaker 1: I sent this story to you, doctor Will, and I said, 70 00:04:36,720 --> 00:04:39,599 Speaker 1: break this down for me. What in the world are 71 00:04:39,640 --> 00:04:42,880 Speaker 1: we seeing here? So before we get into Trump's changes 72 00:04:43,240 --> 00:04:47,800 Speaker 1: on tariffs, wood and iron included, along with coffee, tea, beef, bananas, 73 00:04:47,880 --> 00:04:51,560 Speaker 1: and tropical fruit, just to name some, walk me through this. 74 00:04:51,800 --> 00:04:55,080 Speaker 1: You read this story over at Brightbart. What was the 75 00:04:55,120 --> 00:04:59,760 Speaker 1: story saying and does it have credibility? 76 00:05:00,240 --> 00:05:02,240 Speaker 2: Well, let me start off by saying, I downloaded the 77 00:05:02,240 --> 00:05:05,080 Speaker 2: twenty five page report, I went through it in great detail, 78 00:05:05,520 --> 00:05:07,480 Speaker 2: and what I can tell you is that the bright 79 00:05:07,640 --> 00:05:11,880 Speaker 2: Bart headline is misleading the research report. By the way, 80 00:05:11,880 --> 00:05:14,880 Speaker 2: it's just a working paper. That means that it's not 81 00:05:14,920 --> 00:05:17,760 Speaker 2: even in its final version. There's still some flaws in 82 00:05:17,800 --> 00:05:20,000 Speaker 2: it that need to be fixed, and it came up 83 00:05:20,040 --> 00:05:23,840 Speaker 2: with some conclusions. By the way, I agree completely with 84 00:05:23,880 --> 00:05:27,520 Speaker 2: its conclusions, just not the clickbait that's attached to it. 85 00:05:27,920 --> 00:05:30,719 Speaker 2: There was some good about tariffs, and there is a 86 00:05:30,760 --> 00:05:34,000 Speaker 2: lot of bad about tariffs in this report, and there's 87 00:05:34,080 --> 00:05:36,280 Speaker 2: nothing in it that I would disagree with. In fact, 88 00:05:36,320 --> 00:05:38,600 Speaker 2: one hundred percent of what it says. You and I 89 00:05:38,640 --> 00:05:41,160 Speaker 2: have been saying since February. So let's just start off 90 00:05:41,160 --> 00:05:43,840 Speaker 2: by saying the headline is misleading, and when you get 91 00:05:43,880 --> 00:05:47,479 Speaker 2: into the details, there's really no surprises. So let's start 92 00:05:47,480 --> 00:05:48,080 Speaker 2: with the good news. 93 00:05:48,200 --> 00:05:51,200 Speaker 1: No, no, yeah, let's start with what is it that 94 00:05:51,240 --> 00:05:52,240 Speaker 1: you agree with? 95 00:05:53,400 --> 00:05:55,880 Speaker 2: Well, I agree with all of it, but it's only 96 00:05:55,920 --> 00:05:59,040 Speaker 2: one piece of positive and three parts negative. For Trump. 97 00:05:59,760 --> 00:06:02,400 Speaker 2: The positive that this is what's true in the headline. 98 00:06:02,400 --> 00:06:06,440 Speaker 2: The CPI doesn't increase for three months following a tariff, 99 00:06:07,760 --> 00:06:11,360 Speaker 2: No big deal. The CPI is only a partial measurement 100 00:06:11,400 --> 00:06:14,640 Speaker 2: of consumer prices. It's not even the total inflation picture. 101 00:06:15,320 --> 00:06:20,360 Speaker 2: All these other things. PCEE PPI ism. They cherry picked 102 00:06:20,600 --> 00:06:25,080 Speaker 2: one little inflation indicator and only for a narrow time frame, 103 00:06:25,480 --> 00:06:29,640 Speaker 2: which was three months. Terrifts are attacks. Taxes do not 104 00:06:29,800 --> 00:06:34,320 Speaker 2: immediately cause inflation. What they do is they cause the 105 00:06:34,360 --> 00:06:37,080 Speaker 2: price of goods to go up, but other goods don't 106 00:06:37,080 --> 00:06:40,640 Speaker 2: get purchased. If you're buying more bananas or more coffee, 107 00:06:40,920 --> 00:06:45,200 Speaker 2: you're buying less of something else. So the CPI has 108 00:06:45,279 --> 00:06:47,960 Speaker 2: not changed in the three months following a tariff. But 109 00:06:48,040 --> 00:06:52,080 Speaker 2: you and I have seen Toyota's profits, GM private profits, 110 00:06:52,400 --> 00:06:58,039 Speaker 2: Intels profits, you know, John Deere's profits. All these companies 111 00:06:58,080 --> 00:07:03,280 Speaker 2: are eating the tariffs. This does accurately say the CPI 112 00:07:03,360 --> 00:07:04,960 Speaker 2: doesn't go up for three months, But they didn't look 113 00:07:05,000 --> 00:07:07,120 Speaker 2: for four months or five months or six months down 114 00:07:07,160 --> 00:07:10,520 Speaker 2: the road, and they only looked at one small, narrow indicator. 115 00:07:11,520 --> 00:07:14,680 Speaker 2: And they're correct on that one small narrow indicator. But 116 00:07:14,840 --> 00:07:19,400 Speaker 2: here's here's the revelation. They point out the reason and 117 00:07:19,480 --> 00:07:22,200 Speaker 2: these are problems that are buried and Breitbart did not 118 00:07:22,280 --> 00:07:25,480 Speaker 2: report about this, and the report it has it in there, 119 00:07:25,480 --> 00:07:27,920 Speaker 2: you just have to read it. Why is inflation down 120 00:07:27,920 --> 00:07:31,600 Speaker 2: for consumers because demand is down Because when you have 121 00:07:31,680 --> 00:07:35,040 Speaker 2: a tariff, it says in this research report that people 122 00:07:35,080 --> 00:07:37,680 Speaker 2: have less money to spend, so they buy less of 123 00:07:37,720 --> 00:07:42,280 Speaker 2: other things. So there's a decrease in consumer demand. That's 124 00:07:42,320 --> 00:07:45,360 Speaker 2: what happens in socialist countries. That's why they have no 125 00:07:45,520 --> 00:07:49,520 Speaker 2: consumer goods. So they say, yeah, inflation's down. That's because 126 00:07:49,560 --> 00:07:51,200 Speaker 2: people have no money to buy anything. 127 00:07:52,400 --> 00:07:55,679 Speaker 1: The whole thing. They say, oh, whoa, whoa. Let's stop 128 00:07:55,800 --> 00:07:59,120 Speaker 1: for a second. Talking to doctor Mattwell, economist at the 129 00:07:59,200 --> 00:08:05,360 Speaker 1: University of Indianapolis. People are buying everything everywhere all the time. 130 00:08:05,960 --> 00:08:10,560 Speaker 1: What do you mean they have no money to buy anything. 131 00:08:10,880 --> 00:08:15,040 Speaker 2: I'm exaggerating to the degree they have less money. So 132 00:08:15,360 --> 00:08:19,480 Speaker 2: let me be more precise and academic. The inflation CPI 133 00:08:19,720 --> 00:08:24,040 Speaker 2: is down because demand is down for other products. Because 134 00:08:24,040 --> 00:08:28,160 Speaker 2: when people spend more money on a tariffed product, they 135 00:08:28,200 --> 00:08:32,959 Speaker 2: have less money to spend on another product. Therefore they decrease. 136 00:08:33,040 --> 00:08:37,800 Speaker 2: There's a decrease in consumer demand for other goods. That's 137 00:08:37,800 --> 00:08:41,559 Speaker 2: what I mean. So you're spending more on your bananas, 138 00:08:41,600 --> 00:08:44,920 Speaker 2: so you have less money to buy a watch, and 139 00:08:45,000 --> 00:08:48,920 Speaker 2: so as a result, there causes a decrease in demand. 140 00:08:49,000 --> 00:08:51,600 Speaker 2: And that's what this report found. There's just a drop 141 00:08:51,640 --> 00:08:57,800 Speaker 2: in demand, which causes short term, short term consumer lack 142 00:08:57,840 --> 00:09:01,640 Speaker 2: of inflation. That's what I'm I'm sorry, Tony if I 143 00:09:01,720 --> 00:09:03,440 Speaker 2: exaggerated with hyperbole. 144 00:09:03,640 --> 00:09:05,760 Speaker 1: Yeah, because I want to make sure everybody's on the 145 00:09:05,800 --> 00:09:09,080 Speaker 1: same page with what it is that we see so 146 00:09:09,240 --> 00:09:13,760 Speaker 1: on this report. The report isn't utilizing a totality of sources. 147 00:09:13,760 --> 00:09:17,280 Speaker 1: It's just using one index to come up with its conclusion. 148 00:09:17,840 --> 00:09:21,120 Speaker 1: And this is only a working paper. This hasn't been 149 00:09:21,480 --> 00:09:24,400 Speaker 1: Is a question not being peer reviewed or is it 150 00:09:24,440 --> 00:09:28,600 Speaker 1: a question of even if it was. It's utilizing one 151 00:09:28,640 --> 00:09:32,280 Speaker 1: bit of analysis, to which okay, But it isn't giving 152 00:09:32,360 --> 00:09:33,400 Speaker 1: a total story. 153 00:09:34,480 --> 00:09:36,960 Speaker 2: No, that is correct. By the way, I agree with 154 00:09:37,000 --> 00:09:40,360 Speaker 2: its conclusions. It's only a working paper. It needs some improvements. 155 00:09:40,360 --> 00:09:42,400 Speaker 2: If I were to give the author some advice, I 156 00:09:42,400 --> 00:09:46,000 Speaker 2: could tell you where the nerdy statistics would be. But no, 157 00:09:46,240 --> 00:09:49,640 Speaker 2: I agree with the conclusions and the narrow definition of inflation. 158 00:09:49,920 --> 00:09:52,959 Speaker 2: But that's not the headline. The headline that is not 159 00:09:53,080 --> 00:09:57,160 Speaker 2: reported by Breitbart is that it found two other major 160 00:09:57,280 --> 00:10:00,360 Speaker 2: problems with tariffs that are not in the head line. 161 00:10:00,440 --> 00:10:04,800 Speaker 2: One is that the tariffs reduce economic activity, that tariffs 162 00:10:04,920 --> 00:10:08,480 Speaker 2: cause a drop in the economic production of a country, 163 00:10:09,080 --> 00:10:11,520 Speaker 2: and we have seen that you and I have talked 164 00:10:11,559 --> 00:10:14,480 Speaker 2: about it. The PMI is down eight months in a row, 165 00:10:14,720 --> 00:10:17,680 Speaker 2: eight months in a row since the terroriffts began, We've 166 00:10:17,720 --> 00:10:21,400 Speaker 2: seen a contracting of the manufacturing in the United States. 167 00:10:21,960 --> 00:10:24,520 Speaker 2: That should be the headline of this research report. I 168 00:10:24,600 --> 00:10:27,960 Speaker 2: agree with its conclusion, it just isn't reported in the 169 00:10:28,000 --> 00:10:31,720 Speaker 2: headline by Breitbart or its own report in the summary 170 00:10:31,720 --> 00:10:35,360 Speaker 2: at the top. The second thing, the third thing, is 171 00:10:35,400 --> 00:10:41,280 Speaker 2: that tariff's cause unemployment. This report says tariffs cause unemployment. Surprise, 172 00:10:41,960 --> 00:10:45,960 Speaker 2: look at the headlines. There are reports everywhere about people 173 00:10:46,000 --> 00:10:49,600 Speaker 2: losing jobs. It saves the job in that one company 174 00:10:49,600 --> 00:10:53,360 Speaker 2: that's protected by a tariff, but the overall economy suffers. 175 00:10:53,920 --> 00:10:57,040 Speaker 2: So this report, again I don't disagree with the conclusions, 176 00:10:57,760 --> 00:11:03,080 Speaker 2: but the headline misreport what's actually in this research data. 177 00:11:03,280 --> 00:11:06,200 Speaker 1: Talking to you, doctor Matt Will, economist at the University 178 00:11:06,240 --> 00:11:11,280 Speaker 1: of Indianapolis. Now let's engage a larger conversation. This cutting 179 00:11:11,360 --> 00:11:15,640 Speaker 1: of these tariffs come after the election of Mamdanie in 180 00:11:15,679 --> 00:11:19,560 Speaker 1: New York. A couple other Democrats and Republicans feeling, in 181 00:11:19,600 --> 00:11:24,240 Speaker 1: a very very quick bit of reflection that you know 182 00:11:24,280 --> 00:11:29,360 Speaker 1: what it's about. Affordability. We understand the affordability argument. We're 183 00:11:29,400 --> 00:11:31,679 Speaker 1: the people making it affordable on drug prices, let's say, 184 00:11:31,720 --> 00:11:34,040 Speaker 1: even though I don't necessarily like the methodology, and we 185 00:11:34,480 --> 00:11:36,880 Speaker 1: are going to make things more affordable here, there, and everywhere. 186 00:11:37,000 --> 00:11:40,160 Speaker 1: And President Trump getting that message and saying, okay, we'll 187 00:11:40,200 --> 00:11:42,880 Speaker 1: reduce the tariffs on things that I have been railing about, 188 00:11:42,880 --> 00:11:46,200 Speaker 1: specifically beef, and he's been going after those who are 189 00:11:46,280 --> 00:11:48,920 Speaker 1: cattle ranchers, which I don't think is the best approach. 190 00:11:49,080 --> 00:11:51,920 Speaker 1: And we're going to get rid of the tariffs on beef, 191 00:11:51,920 --> 00:11:55,480 Speaker 1: and therefore beef will be less expensive from other countries. 192 00:11:55,559 --> 00:11:58,880 Speaker 1: See problem solved. I'm doing a great job because I 193 00:11:58,960 --> 00:12:01,440 Speaker 1: understand things are called too much right now and they 194 00:12:01,440 --> 00:12:04,600 Speaker 1: will get better over time, an argument he's finally starting 195 00:12:04,640 --> 00:12:10,240 Speaker 1: to make. But isn't this the correct Maybe I'll say 196 00:12:10,240 --> 00:12:14,360 Speaker 1: it differently. Doesn't this prove us correct that tariff's indeed 197 00:12:14,600 --> 00:12:17,560 Speaker 1: raise the prices? Or is this part of some other 198 00:12:17,640 --> 00:12:21,840 Speaker 1: strategy that economists might understand but layman might not be 199 00:12:21,920 --> 00:12:22,320 Speaker 1: aware of. 200 00:12:23,559 --> 00:12:26,439 Speaker 2: Oh, it's possible to be both, and I'll tell you both, 201 00:12:27,160 --> 00:12:29,480 Speaker 2: because first of all, it is in recognition that tariffs 202 00:12:29,520 --> 00:12:33,480 Speaker 2: are bad. But Also, it's a different strategy because recall 203 00:12:33,640 --> 00:12:36,360 Speaker 2: that what he's trying to do with beef is Argentina. 204 00:12:37,000 --> 00:12:39,720 Speaker 2: He needs to help out the president of Argentina, who 205 00:12:39,920 --> 00:12:41,480 Speaker 2: I'm a big fan of and I believe you're a 206 00:12:41,520 --> 00:12:44,560 Speaker 2: big fan of, yes, And what he did recently is 207 00:12:44,600 --> 00:12:49,000 Speaker 2: he quadrupled the import quota of beef from Argentina to 208 00:12:49,080 --> 00:12:52,520 Speaker 2: eighty thousand metric tons. So part of this is to 209 00:12:52,600 --> 00:12:57,079 Speaker 2: give Argentina tariff relief. That's what the President is doing. 210 00:12:57,160 --> 00:13:00,720 Speaker 2: So both of your points are correct. There's another, which 211 00:13:00,760 --> 00:13:04,880 Speaker 2: is Argentine Argentinian beef, and the other is to actually 212 00:13:04,920 --> 00:13:07,480 Speaker 2: admit that the tariffs are a bad idea. And so 213 00:13:07,720 --> 00:13:10,280 Speaker 2: let's spin it in a way that makes it look like, oh, 214 00:13:10,360 --> 00:13:12,880 Speaker 2: it was good, but now we've served its purpose, let's 215 00:13:12,920 --> 00:13:13,520 Speaker 2: get rid of it. 216 00:13:15,120 --> 00:13:21,360 Speaker 1: So the when we talked about Argentina and the credit swaps, 217 00:13:21,400 --> 00:13:25,439 Speaker 1: so here's how it went down. Guys, we gave Argentina 218 00:13:25,520 --> 00:13:29,920 Speaker 1: twenty billion dollars US dollars cash green box. You've seen pictures. 219 00:13:30,320 --> 00:13:34,320 Speaker 1: We took twenty billion dollars of our Argentinian pesos, which 220 00:13:34,320 --> 00:13:37,400 Speaker 1: you've never seen and really aren't worth much. And that 221 00:13:37,520 --> 00:13:40,360 Speaker 1: is called a credit swap, and it's not usually done 222 00:13:40,480 --> 00:13:44,280 Speaker 1: with nations that aren't first world nations like ourselves. It 223 00:13:44,360 --> 00:13:46,520 Speaker 1: was to give them a lifeline. And one of the 224 00:13:46,720 --> 00:13:49,640 Speaker 1: problematic parts of this doctor will was that they could 225 00:13:49,760 --> 00:13:53,040 Speaker 1: use that twenty billion dollars and go buy Chinese products 226 00:13:53,040 --> 00:13:55,359 Speaker 1: and other products, and so we're helping out other economies 227 00:13:55,520 --> 00:13:58,200 Speaker 1: and we're left holding the bag of this twenty billion. 228 00:13:58,559 --> 00:14:02,440 Speaker 1: Secretary of the Treasury Scott last week was saying we 229 00:14:02,559 --> 00:14:06,080 Speaker 1: made a profit on the credit swaps. I was trying 230 00:14:06,080 --> 00:14:08,280 Speaker 1: to figure out what he meant by profit. I understand 231 00:14:08,280 --> 00:14:11,600 Speaker 1: the definition of profit, but where and how and how 232 00:14:11,600 --> 00:14:13,440 Speaker 1: do we see it? How did it manifest? Can you 233 00:14:13,480 --> 00:14:14,000 Speaker 1: explain it? 234 00:14:16,559 --> 00:14:19,680 Speaker 2: That's very interesting, And I apologize for not having the 235 00:14:19,840 --> 00:14:23,160 Speaker 2: Argentinian to the US dollar conversion in front of me, 236 00:14:23,600 --> 00:14:26,840 Speaker 2: But what he is saying is that we bought paesos 237 00:14:26,920 --> 00:14:30,760 Speaker 2: and then under some short timeframe, we sold the pasos 238 00:14:30,800 --> 00:14:33,880 Speaker 2: back and we got more dollars in exchange. I don't 239 00:14:33,920 --> 00:14:35,760 Speaker 2: know that that's true, and I also don't know that 240 00:14:35,760 --> 00:14:39,920 Speaker 2: that's false. I don't have the Argentinian paso data in 241 00:14:39,960 --> 00:14:41,440 Speaker 2: front of me. I could look it up and get 242 00:14:41,480 --> 00:14:44,640 Speaker 2: it back to you, but that's what he's claiming. I 243 00:14:44,680 --> 00:14:47,360 Speaker 2: don't know that it's true or that it's false. But 244 00:14:48,040 --> 00:14:50,680 Speaker 2: the thing is with the beef, let's not leave this topic. 245 00:14:50,920 --> 00:14:53,560 Speaker 2: Is this is a great thing. This is in fact 246 00:14:53,600 --> 00:14:56,280 Speaker 2: you and I discussed this on the air previously, that 247 00:14:56,360 --> 00:14:58,840 Speaker 2: the way to help out Argentina is to remove all 248 00:14:58,840 --> 00:15:01,640 Speaker 2: the terriff so that they can buy stuff. I mean, 249 00:15:01,640 --> 00:15:04,080 Speaker 2: so that we can buy their stuff. If we buy 250 00:15:04,440 --> 00:15:07,160 Speaker 2: Argentinian beef, they get us dollars, then we don't have 251 00:15:07,240 --> 00:15:10,960 Speaker 2: to do the currency swamp. Let them sell us stuff. 252 00:15:11,200 --> 00:15:13,640 Speaker 2: That's how everyone should get the dollars. It shouldn't be 253 00:15:13,680 --> 00:15:16,040 Speaker 2: done through this government imposed currency swamp. 254 00:15:16,840 --> 00:15:21,160 Speaker 1: Talking to doctor Matt Will, economist at the University of Indianapolis. 255 00:15:21,160 --> 00:15:24,040 Speaker 1: So now let's get back to the reduction of these tariffs, 256 00:15:24,120 --> 00:15:26,960 Speaker 1: these tariffs on coffee and a whole bunch of things. 257 00:15:27,000 --> 00:15:29,960 Speaker 1: Now there's a real tariff that I'm looking at, as 258 00:15:30,640 --> 00:15:32,640 Speaker 1: in President Trump wants to do a one hundred percent 259 00:15:32,640 --> 00:15:35,680 Speaker 1: tariff on Nicaragua, which is going to damage the cigar 260 00:15:35,720 --> 00:15:40,520 Speaker 1: industry in ways that I cannot explain or comprehend. But 261 00:15:40,640 --> 00:15:45,600 Speaker 1: the removal of these tariffs on these everyday items, at 262 00:15:45,640 --> 00:15:49,800 Speaker 1: what moment does it get felt and maybe more to 263 00:15:49,840 --> 00:15:55,280 Speaker 1: the point, will it will Americans notice a price difference 264 00:15:56,200 --> 00:15:59,880 Speaker 1: in products? And does the removal of an Argentinian TA 265 00:16:00,000 --> 00:16:03,320 Speaker 1: tariff on beef then lower the cost of American beef? 266 00:16:06,160 --> 00:16:08,080 Speaker 2: Wow? Okay, which one do you want to deal with? First? 267 00:16:08,200 --> 00:16:11,680 Speaker 1: Let's start with the last one one, because you talked 268 00:16:11,680 --> 00:16:16,760 Speaker 1: about beef specifically, So American cattle ranchers do they now say, Hey, 269 00:16:16,800 --> 00:16:19,400 Speaker 1: the tariff has been lowered on Argentinian beef, so we're 270 00:16:19,440 --> 00:16:23,440 Speaker 1: going to lower our price so we're better competitive because 271 00:16:23,480 --> 00:16:25,920 Speaker 1: we have to keep our stuff selling instead of the 272 00:16:26,000 --> 00:16:26,840 Speaker 1: Argentinian stuff. 273 00:16:28,080 --> 00:16:30,560 Speaker 2: Possibly, and I mean that possibly. I'm not trying to 274 00:16:30,640 --> 00:16:34,640 Speaker 2: avoid your question because what it creates a competition. Tariffs 275 00:16:34,640 --> 00:16:38,520 Speaker 2: create an artificially high price, so that means Argentinian beef 276 00:16:38,560 --> 00:16:41,880 Speaker 2: would cost more. Therefore US producers can charge more as 277 00:16:41,880 --> 00:16:45,320 Speaker 2: well because the competition is more expensive. You remove the tariff, 278 00:16:45,520 --> 00:16:48,960 Speaker 2: there's competition and everybody will have to compete on quality 279 00:16:49,200 --> 00:16:54,040 Speaker 2: and price. So yes, US consumers will benefit. Now I'm 280 00:16:54,040 --> 00:16:57,320 Speaker 2: okay if a US rancher has to cut their prices, 281 00:16:57,360 --> 00:16:59,600 Speaker 2: because I'm the consumer and I want to pay less 282 00:16:59,600 --> 00:17:03,360 Speaker 2: for my I don't want to be in subsidizing the 283 00:17:03,640 --> 00:17:06,920 Speaker 2: cattle industry by my government imposing a tariff or a 284 00:17:07,040 --> 00:17:10,920 Speaker 2: tax or any other protective measure. So, you know, maybe 285 00:17:10,920 --> 00:17:13,760 Speaker 2: people won't like me for saying it, but I'm fine 286 00:17:13,880 --> 00:17:17,439 Speaker 2: if us producers have to compete with other producers on 287 00:17:17,520 --> 00:17:20,199 Speaker 2: a level playing field, and if that causes price to 288 00:17:20,240 --> 00:17:21,600 Speaker 2: go down, good. 289 00:17:23,359 --> 00:17:27,640 Speaker 1: So now back to the other part of it. Will 290 00:17:27,720 --> 00:17:32,560 Speaker 1: we see in all of these products the prices going 291 00:17:32,680 --> 00:17:35,880 Speaker 1: down now that the tariff has been removed. 292 00:17:37,920 --> 00:17:41,719 Speaker 2: It hasn't been removed. The tariffs on Brazilian coffee were 293 00:17:41,840 --> 00:17:46,280 Speaker 2: rolled back, they weren't reduced or eliminated. There's still an 294 00:17:46,280 --> 00:17:49,080 Speaker 2: additional there's still at least a ten up to a 295 00:17:49,160 --> 00:17:53,000 Speaker 2: forty percent tariff. It was fifty. This is simply being reduced. 296 00:17:53,000 --> 00:17:57,119 Speaker 2: That's purely window dressing. It has not been eliminated. So 297 00:17:57,320 --> 00:17:58,960 Speaker 2: I don't think you're going to see a reduction in 298 00:17:59,080 --> 00:18:02,480 Speaker 2: cost because it simply provides a little bit of relief, 299 00:18:02,600 --> 00:18:06,800 Speaker 2: not a lot, and the wholesalers, the importers will have 300 00:18:06,840 --> 00:18:08,960 Speaker 2: to decide how much of that cost to pass along. 301 00:18:09,320 --> 00:18:13,120 Speaker 2: We have not changed our scenario. This is strictly window dressing. 302 00:18:13,720 --> 00:18:16,320 Speaker 2: You go from fifty percent down a little bit, it's 303 00:18:16,320 --> 00:18:17,879 Speaker 2: not that big of a change. 304 00:18:19,800 --> 00:18:23,639 Speaker 1: If you're advising President Trump, and I would still argue 305 00:18:23,840 --> 00:18:28,200 Speaker 1: that most people feel better with him engaged in economic 306 00:18:28,240 --> 00:18:33,280 Speaker 1: realities than Joe Biden or Kamala Harris. What is the 307 00:18:33,359 --> 00:18:37,920 Speaker 1: advice to winning this even if we want to think 308 00:18:37,960 --> 00:18:40,960 Speaker 1: it's accurate, or even if you think it's inaccurate, let's 309 00:18:41,000 --> 00:18:43,000 Speaker 1: just use it. What do we think of him and 310 00:18:43,200 --> 00:18:46,959 Speaker 1: the advice should give to how to win this affordability conversation? 311 00:18:48,280 --> 00:18:51,120 Speaker 2: I would say that President Trump is doing a fantastic 312 00:18:51,240 --> 00:18:55,200 Speaker 2: job in so many areas such as deregulation, business friendly environment, 313 00:18:55,600 --> 00:18:59,040 Speaker 2: getting people to invest in the United States. Across the 314 00:18:59,040 --> 00:19:02,720 Speaker 2: board is he's are working. He has one headwind that 315 00:19:02,760 --> 00:19:05,840 Speaker 2: continues to be the terrriff situation, and the consumers are 316 00:19:05,880 --> 00:19:09,119 Speaker 2: starting to feel it. Like we started our conversation, the 317 00:19:09,200 --> 00:19:12,680 Speaker 2: research report said, short term there's not consumer inflation, but 318 00:19:12,800 --> 00:19:16,639 Speaker 2: longer term there probably is, and we see it. He's 319 00:19:16,720 --> 00:19:20,120 Speaker 2: harming the consumer at this point with the consumer based tariffs, 320 00:19:20,440 --> 00:19:23,040 Speaker 2: and I think if he would simply eliminate it all 321 00:19:23,080 --> 00:19:27,160 Speaker 2: his other incredibly good policies would actually cause the economy 322 00:19:27,160 --> 00:19:28,919 Speaker 2: to grow even more than we've seen at the three 323 00:19:29,000 --> 00:19:30,760 Speaker 2: point eight percent from last quarter. 324 00:19:31,560 --> 00:19:35,359 Speaker 1: Doctor Matt Will, economists at the University of Indianapolis. I 325 00:19:35,359 --> 00:19:37,960 Speaker 1: appreciate you taking the time to it. More is coming 326 00:19:38,080 --> 00:19:39,920 Speaker 1: up to keep it here. I'm Tony Katz, and this 327 00:19:40,000 --> 00:19:46,439 Speaker 1: is Tony Katz today, just to follow up on the 328 00:19:46,480 --> 00:19:51,000 Speaker 1: conversation of power, because there are people who are very 329 00:19:51,080 --> 00:19:54,439 Speaker 1: much afraid of power, very much afraid to use their power, 330 00:19:55,080 --> 00:19:59,280 Speaker 1: as we are seeing in my state, Indiana, where the 331 00:19:59,359 --> 00:20:02,240 Speaker 1: conversation it has been about redistricting. Of course Texas did this, 332 00:20:02,880 --> 00:20:06,280 Speaker 1: and then California is now doing it in response. It's retribution. 333 00:20:06,400 --> 00:20:10,320 Speaker 1: Maryland's doing it. North Carolina did it. Well, this subject 334 00:20:10,320 --> 00:20:14,200 Speaker 1: has come to Indiana and state Republicans in Indiana are like, nah, 335 00:20:14,480 --> 00:20:17,280 Speaker 1: now we're not we don't think that's right. And there's 336 00:20:17,280 --> 00:20:20,480 Speaker 1: this weird argument going around about how it's not fair 337 00:20:20,520 --> 00:20:24,439 Speaker 1: and it's rigging things. It's ays if people forgot that 338 00:20:24,560 --> 00:20:28,240 Speaker 1: politics is about power. And I'm really not interested like 339 00:20:28,400 --> 00:20:31,280 Speaker 1: you are. Neither one of us is interested in children 340 00:20:31,560 --> 00:20:33,480 Speaker 1: actually being able to have a say at the grown 341 00:20:33,520 --> 00:20:36,800 Speaker 1: up stable Tony Katz, Tony Katz today, great to be 342 00:20:36,880 --> 00:20:39,879 Speaker 1: with you. I'm not saying that people can disagree with 343 00:20:39,960 --> 00:20:43,679 Speaker 1: us you might disagree with me. That's fine. We engage 344 00:20:43,760 --> 00:20:46,280 Speaker 1: the conversation honestly, and one of us is gonna win 345 00:20:46,320 --> 00:20:48,280 Speaker 1: and one else is gonna lose. I have won battles, 346 00:20:48,280 --> 00:20:52,920 Speaker 1: I have lost battles. That's life in the NBA, right 347 00:20:53,600 --> 00:20:57,760 Speaker 1: you you you lose? I think it's the line is 348 00:20:57,760 --> 00:20:59,920 Speaker 1: from the West wing. You know what I do. I lose. 349 00:21:00,080 --> 00:21:02,080 Speaker 1: I have a drink. I'm back out of the next day. 350 00:21:02,160 --> 00:21:05,600 Speaker 1: That's that's right. Some people don't have a drink. But however, 351 00:21:06,600 --> 00:21:08,600 Speaker 1: you have to understand that when you put yourself out there, 352 00:21:08,640 --> 00:21:11,399 Speaker 1: you put these ideas out there. Sometimes you're Victoria, sometimes 353 00:21:11,440 --> 00:21:15,000 Speaker 1: you're not. That's okay. I think redistricting should happen. I 354 00:21:15,040 --> 00:21:20,000 Speaker 1: have made this argument repeatedly. Redistricting should happen, and it 355 00:21:20,040 --> 00:21:22,760 Speaker 1: starts with the understanding that, of course, this is about power. 356 00:21:23,240 --> 00:21:26,160 Speaker 1: Oh this is just a terrible power graph from the Republicans. 357 00:21:26,160 --> 00:21:29,679 Speaker 1: Would everyone grow up? If Democrats had power in my state? 358 00:21:29,920 --> 00:21:32,480 Speaker 1: Can you imagine what they do? I don't have to imagine, 359 00:21:32,520 --> 00:21:35,320 Speaker 1: because I see what happens in Illinois. I see what 360 00:21:35,480 --> 00:21:39,280 Speaker 1: happens in other states, and so do you. We don't 361 00:21:39,359 --> 00:21:44,520 Speaker 1: have to imagine. This is the candidate for SENNA in Maine, 362 00:21:44,720 --> 00:21:47,879 Speaker 1: Graham Platner. This Democrat, he's the one who's got the Nazi. 363 00:21:47,960 --> 00:21:51,240 Speaker 1: Nazi tattoos. I almost said Nazi, like don't I don't know, 364 00:21:51,359 --> 00:21:53,760 Speaker 1: I had an accent from Wisconsin or something, or would 365 00:21:53,760 --> 00:21:56,760 Speaker 1: that be North Dakota. Don't. I'll leave that to others. 366 00:21:56,640 --> 00:22:00,320 Speaker 1: Has he's got the Nazi tattoo that would disqualify anybody 367 00:22:00,359 --> 00:22:04,119 Speaker 1: else but him. He didn't know the tattoo he was getting. Okay, 368 00:22:04,160 --> 00:22:07,880 Speaker 1: sure whatever. This is the guy who dances shirtless sign 369 00:22:09,680 --> 00:22:13,480 Speaker 1: in Virginia. They voted to elect an attorney general who 370 00:22:13,560 --> 00:22:17,320 Speaker 1: fantasized about killing children. I don't know. Compared to that, 371 00:22:17,400 --> 00:22:23,159 Speaker 1: maybe the Nazi tattoo is just timid. Anyway, he understands power. 372 00:22:23,960 --> 00:22:24,959 Speaker 1: Listen to his speech. 373 00:22:26,040 --> 00:22:29,120 Speaker 3: I'm going to start treating the Supreme Court like the 374 00:22:29,160 --> 00:22:33,119 Speaker 3: political action wing that it has become a conservative It 375 00:22:33,160 --> 00:22:35,600 Speaker 3: is not functioning as it as a constitutional life. And 376 00:22:37,040 --> 00:22:44,880 Speaker 3: it's very frustrating for me that there are I think 377 00:22:44,920 --> 00:22:49,240 Speaker 3: there are Democrats in the Senate that either do not 378 00:22:49,480 --> 00:22:52,760 Speaker 3: understand or don't want to understand the power they actually have. 379 00:22:54,720 --> 00:23:00,280 Speaker 3: And there is in the Senate to retake a sound 380 00:23:00,320 --> 00:23:04,760 Speaker 3: to get the majority figures dress. We need to use 381 00:23:04,880 --> 00:23:09,080 Speaker 3: every single lever of power that we have to deal 382 00:23:09,119 --> 00:23:11,640 Speaker 3: with the Supreme Court. And I think that a lot 383 00:23:11,640 --> 00:23:16,560 Speaker 3: of us in the ethics overcyitement sha well, I'm a 384 00:23:16,600 --> 00:23:21,080 Speaker 3: supporter of sacking the court. I'm also a supporter of 385 00:23:21,160 --> 00:23:26,159 Speaker 3: I mean, the Senate can write its own rules, the 386 00:23:26,200 --> 00:23:29,440 Speaker 3: Senate can come up with its own ethics oversight requirements. 387 00:23:29,440 --> 00:23:33,000 Speaker 3: It just shoots his notch. This is important, and I 388 00:23:33,119 --> 00:23:36,199 Speaker 3: firmly believe if we held Supreme Court justices to the 389 00:23:36,280 --> 00:23:39,679 Speaker 3: same standard that we hold other federal judges, there's a 390 00:23:39,720 --> 00:23:42,560 Speaker 3: compelling case for the impeachment and removal of at least 391 00:23:42,560 --> 00:23:43,600 Speaker 3: two cities. 392 00:23:46,720 --> 00:23:49,040 Speaker 1: We need to use our power. We need to pack 393 00:23:49,080 --> 00:23:53,080 Speaker 1: the court, and we need to impeach to justices. I'm 394 00:23:53,119 --> 00:23:57,960 Speaker 1: going to bet beyond bet that that is Clarence Thomas 395 00:23:58,240 --> 00:24:01,160 Speaker 1: and Brett Kavanaugh. That would be my guess. I think 396 00:24:01,160 --> 00:24:04,199 Speaker 1: those would be the more lightning rod choices for the 397 00:24:04,200 --> 00:24:07,359 Speaker 1: political left. None of that matters. What matters is the 398 00:24:07,440 --> 00:24:11,439 Speaker 1: overarching power. Look what we should do, Look what we 399 00:24:11,480 --> 00:24:15,679 Speaker 1: need to do. He's running on it. He's running in 400 00:24:15,720 --> 00:24:19,240 Speaker 1: the Democratic Party on the idea of vote for me, 401 00:24:19,440 --> 00:24:22,600 Speaker 1: and we will use the power because we don't like 402 00:24:22,720 --> 00:24:26,399 Speaker 1: how the court rules. Not that will appoint this person, 403 00:24:26,400 --> 00:24:29,879 Speaker 1: will appoint that person, will fundamentally change the court to 404 00:24:29,920 --> 00:24:33,680 Speaker 1: do our bidding. Do you think it's because they're right. 405 00:24:33,760 --> 00:24:35,440 Speaker 1: Do you think it's because they're decent. Do you think 406 00:24:35,440 --> 00:24:38,760 Speaker 1: it's because they're good. No, it's because if you have power, 407 00:24:39,160 --> 00:24:42,560 Speaker 1: you can make decisions. And their decision is not based 408 00:24:42,560 --> 00:24:45,040 Speaker 1: on what's best for America. Their decision is based on 409 00:24:45,080 --> 00:24:49,040 Speaker 1: what's best for them. As we have noted, and I 410 00:24:49,080 --> 00:24:51,479 Speaker 1: am not saying anything that you have not said a 411 00:24:51,600 --> 00:24:56,639 Speaker 1: million times. If the Democrats win control of the House 412 00:24:57,119 --> 00:25:01,280 Speaker 1: and you have Speaker Hakim Jeffries, they will be sworn 413 00:25:01,320 --> 00:25:04,960 Speaker 1: in on January third, and they will impeach Donald Trump 414 00:25:05,040 --> 00:25:11,520 Speaker 1: on January third. That's happening. That's going on. This is 415 00:25:11,560 --> 00:25:16,200 Speaker 1: not a debate. When they had power, they impeached Trump twice. 416 00:25:17,359 --> 00:25:20,919 Speaker 1: When they had power, they refuse to hear the impeachment 417 00:25:21,359 --> 00:25:24,960 Speaker 1: of then Homeland Security Secretary Alejandro Majorcis. You remember that, right, 418 00:25:25,800 --> 00:25:28,919 Speaker 1: and Allejundra my Orcis did an awful job and was 419 00:25:29,160 --> 00:25:33,480 Speaker 1: indeed not giving Congress the full story. He was impeached 420 00:25:33,880 --> 00:25:36,880 Speaker 1: because you can do that to cabinet officials, and Chuck Schumer, 421 00:25:36,920 --> 00:25:39,000 Speaker 1: who was running the Senate, said, yeah, we're not gonna 422 00:25:39,000 --> 00:25:41,800 Speaker 1: hear it. Remember the Senate where the trial would take place. Yeah, 423 00:25:41,800 --> 00:25:44,240 Speaker 1: we're not gonna hear it. What you're gonna do? 424 00:25:44,280 --> 00:25:44,359 Speaker 3: What? 425 00:25:44,520 --> 00:25:46,560 Speaker 1: No, No, we're not gonna hear it. We don't care, we 426 00:25:46,600 --> 00:25:48,920 Speaker 1: don't care, We're not interested in this. This is all nonsense. 427 00:25:49,000 --> 00:25:55,040 Speaker 1: We're not gonna hear it. Power. Power is real, and 428 00:25:55,160 --> 00:25:59,320 Speaker 1: it is important, and yes, it must be utilized. Now, 429 00:25:59,440 --> 00:26:04,959 Speaker 1: sometimes when you have the power, you engage restraint, because 430 00:26:05,000 --> 00:26:10,480 Speaker 1: that's actually the better move. But how many more times 431 00:26:10,520 --> 00:26:13,760 Speaker 1: and how many more ways do you need to hear 432 00:26:13,920 --> 00:26:17,679 Speaker 1: and do you need to see what it is that 433 00:26:17,720 --> 00:26:20,800 Speaker 1: the left is more than willing to do when they 434 00:26:20,840 --> 00:26:26,040 Speaker 1: have it. How possibly could one not react to it? 435 00:26:27,200 --> 00:26:31,880 Speaker 1: How possibly could one not engage in the utilization of it? 436 00:26:32,920 --> 00:26:36,000 Speaker 1: And how in the world does anybody say no, no, no, 437 00:26:36,840 --> 00:26:41,240 Speaker 1: that's not the right thing to do. I've said it before, 438 00:26:41,240 --> 00:26:44,200 Speaker 1: and I'll happily say it again to any Republican or 439 00:26:44,240 --> 00:26:48,720 Speaker 1: conservative or listening and sound of my voice. If you 440 00:26:48,800 --> 00:26:53,280 Speaker 1: did everything the Democrats wanted, it still wouldn't be enough. 441 00:26:53,880 --> 00:26:59,160 Speaker 1: They still hate you. They'll never vote for you. If 442 00:26:59,200 --> 00:27:03,080 Speaker 1: you voted the next five pick the pieces of legislation 443 00:27:03,640 --> 00:27:07,480 Speaker 1: in favor of the leftists most wild policy, if you 444 00:27:07,600 --> 00:27:12,160 Speaker 1: ran for reelection, they would call you hitler. We don't 445 00:27:12,200 --> 00:27:15,080 Speaker 1: have to question what it is, we know it to 446 00:27:15,119 --> 00:27:19,800 Speaker 1: be true. We only have to ask what is the plan. 447 00:27:21,720 --> 00:27:27,720 Speaker 1: And I am stunned and amazed and orageously disappointed by 448 00:27:27,760 --> 00:27:32,879 Speaker 1: the people who push this idea that, well, that's not 449 00:27:32,920 --> 00:27:34,520 Speaker 1: what we do. No, no, that's what they did. That's not 450 00:27:34,560 --> 00:27:37,480 Speaker 1: what we do. Oh all right, well, tony, aren't you 451 00:27:37,520 --> 00:27:40,800 Speaker 1: opposed to removing the philibuster. Yes, well they'll remove the 452 00:27:40,800 --> 00:27:44,280 Speaker 1: philibuster absolutely, So aren't you going against your own No? No, no, no, 453 00:27:45,119 --> 00:27:48,159 Speaker 1: I said, Sometimes the right thing to do is hold 454 00:27:49,400 --> 00:27:52,359 Speaker 1: it is not the moment to remove the filibuster, and 455 00:27:52,440 --> 00:27:56,159 Speaker 1: I would rather nobody did. But if you're going to 456 00:27:56,200 --> 00:28:00,000 Speaker 1: remove the filibuster, remove the sixty vote threshold in THEE, 457 00:28:01,000 --> 00:28:04,960 Speaker 1: then you better have the legislation lined up ready to go, 458 00:28:05,280 --> 00:28:08,680 Speaker 1: and have the Senators all on the same page, the 459 00:28:09,160 --> 00:28:13,840 Speaker 1: legislation from the House already done, so you can go 460 00:28:14,040 --> 00:28:18,879 Speaker 1: bam bam bam and just knock it through. Get a 461 00:28:18,920 --> 00:28:22,160 Speaker 1: courier service, to be running stuff to the President's desk 462 00:28:22,240 --> 00:28:27,640 Speaker 1: for signature. No pumping circumstance, just sign on a whole 463 00:28:27,640 --> 00:28:33,320 Speaker 1: host of subjects. The problem is we don't have that yet. 464 00:28:34,359 --> 00:28:37,600 Speaker 1: You remove the filibuster. Well, now you set the precedent, 465 00:28:38,040 --> 00:28:40,920 Speaker 1: and once that's done, if you lose the Senate in 466 00:28:40,960 --> 00:28:44,480 Speaker 1: twenty twenty six, which is always possible, you have shown 467 00:28:44,520 --> 00:28:47,560 Speaker 1: the Democrats that you can get rid of it. They'll say, well, 468 00:28:47,560 --> 00:28:49,720 Speaker 1: we got rid of the filibuster, and wait till you 469 00:28:49,760 --> 00:28:52,440 Speaker 1: see what they do, because they are far better at 470 00:28:52,480 --> 00:28:56,840 Speaker 1: being on task than Republicans. No one's done a whipcount, 471 00:28:57,320 --> 00:29:00,479 Speaker 1: a whipcount. No one has said, okay, okay, here are 472 00:29:00,480 --> 00:29:03,080 Speaker 1: the five things we would get past if if we 473 00:29:03,120 --> 00:29:05,880 Speaker 1: got rid of the filibuster. Where's everybody voting on this? 474 00:29:06,680 --> 00:29:09,120 Speaker 1: No one's counted the votes. No one is engaged in 475 00:29:09,120 --> 00:29:12,720 Speaker 1: the acts of persuasion. No one has insured that the 476 00:29:12,800 --> 00:29:16,120 Speaker 1: naysayers will be quiet. No one has gone about engaging 477 00:29:16,200 --> 00:29:19,400 Speaker 1: the talking points against the naysayers. Nobody has coordinated with 478 00:29:19,440 --> 00:29:21,840 Speaker 1: the House and has setate to ensure their versions would 479 00:29:21,840 --> 00:29:24,120 Speaker 1: line up perfectly so there is no delay, and it 480 00:29:24,160 --> 00:29:28,240 Speaker 1: goes directly to the president's desk, no one. If you 481 00:29:28,480 --> 00:29:32,560 Speaker 1: want to remove the filibuster, I will disagree. But if 482 00:29:32,560 --> 00:29:35,480 Speaker 1: you want to remove it without having a plan, that's 483 00:29:35,760 --> 00:29:41,400 Speaker 1: just reckless crap. And I say no, redistrating is not reckless. 484 00:29:41,760 --> 00:29:47,840 Speaker 1: Redistricting makes perfect sense. But the utilization of power always 485 00:29:47,880 --> 00:29:51,320 Speaker 1: makes sense. It's just a question of utilizing it in 486 00:29:51,360 --> 00:29:56,200 Speaker 1: a way that gets you the most advantage. Look what 487 00:29:56,280 --> 00:29:59,320 Speaker 1: Democrats are saying, Look what they're campaigning on, Look what 488 00:29:59,320 --> 00:30:05,680 Speaker 1: they're willing to do. And Republicans are somehow afraid that 489 00:30:05,760 --> 00:30:09,120 Speaker 1: if they vote to redistrict, ooh, it's gonna turn out 490 00:30:09,160 --> 00:30:13,680 Speaker 1: Democrats and energize them in twenty twenty six. Well, what 491 00:30:13,680 --> 00:30:16,120 Speaker 1: else are you doing? This is the only subject you're 492 00:30:16,160 --> 00:30:18,520 Speaker 1: not doing another thing where you're telling a story to 493 00:30:18,560 --> 00:30:20,840 Speaker 1: get people interested in you. I don't know if you 494 00:30:20,920 --> 00:30:23,080 Speaker 1: lowered a tax. Have you gotten rid of property taxes? 495 00:30:23,120 --> 00:30:25,560 Speaker 1: In state after state after state after state? What have 496 00:30:25,560 --> 00:30:27,600 Speaker 1: you done about the gasoline tax? What have you done 497 00:30:27,600 --> 00:30:29,840 Speaker 1: to better the roads where you live? I'm not just 498 00:30:29,880 --> 00:30:31,840 Speaker 1: talking about where I live, guys, I'm talking about exactly 499 00:30:31,880 --> 00:30:34,000 Speaker 1: where you live. There are a million things you could 500 00:30:34,000 --> 00:30:37,000 Speaker 1: be doing to encourage voters to say, my gosh, they're 501 00:30:37,000 --> 00:30:39,560 Speaker 1: doing good work. They're doing better work than the things 502 00:30:39,600 --> 00:30:42,840 Speaker 1: I don't like, and therefore I'll vote for them. It's 503 00:30:42,960 --> 00:30:45,640 Speaker 1: all about this, It's all about well, if we redistrict, 504 00:30:45,800 --> 00:30:48,960 Speaker 1: it's going to energize the Democrats. What kind of childlike 505 00:30:49,120 --> 00:30:52,320 Speaker 1: pablem is this? And the answer is, you bet your 506 00:30:52,360 --> 00:31:00,200 Speaker 1: butt it's childlike pablm. It is nonsensical, irrational, garbage, garbage. 507 00:31:01,080 --> 00:31:04,800 Speaker 1: It's silly. Think of all the people you can energize. 508 00:31:04,960 --> 00:31:06,600 Speaker 1: Think of all the people you can energize with all 509 00:31:06,600 --> 00:31:09,360 Speaker 1: the other things I discussed, Why is it only one subject. 510 00:31:10,760 --> 00:31:14,120 Speaker 1: They're afraid of the power, and I think in to 511 00:31:14,360 --> 00:31:17,040 Speaker 1: be in any elected position, you cannot be afraid of 512 00:31:17,080 --> 00:31:20,200 Speaker 1: the power. You are elected to utilize it. You utilize 513 00:31:20,200 --> 00:31:26,240 Speaker 1: it wisely, utilize it smartly, but utilize it. And the 514 00:31:26,520 --> 00:31:29,920 Speaker 1: overarching part of this conversation is we all understand the 515 00:31:29,960 --> 00:31:33,760 Speaker 1: politics's power, right. I'm not interested in children here having 516 00:31:33,800 --> 00:31:37,560 Speaker 1: parts of this conversation screaming it's a power grab. Grow up, 517 00:31:38,360 --> 00:31:41,600 Speaker 1: ridiculous losers, grow up. Of course it's a power grab. 518 00:31:41,920 --> 00:31:45,120 Speaker 1: Of course, it's about the power. I have got. Graham 519 00:31:45,200 --> 00:31:49,320 Speaker 1: Platner Democrat and Maine with the Nazi tattoo explaining it, 520 00:31:50,320 --> 00:31:51,640 Speaker 1: and now you say to me, do you really want 521 00:31:51,680 --> 00:31:53,440 Speaker 1: to be like him? I'm I'm not putting on any 522 00:31:53,520 --> 00:31:57,720 Speaker 1: Nazi tattoos, nor am I dancing around shirtless. But I 523 00:31:57,760 --> 00:32:01,880 Speaker 1: am absolutely fully engaged in not being embarrassed or ashamed 524 00:32:02,200 --> 00:32:05,560 Speaker 1: of winning elections and then having that have a purpose. 525 00:32:07,240 --> 00:32:11,400 Speaker 1: Politics is power, and I would like for everybody to 526 00:32:11,520 --> 00:32:14,720 Speaker 1: just grow the hell up and understand this, accept this, 527 00:32:15,200 --> 00:32:19,320 Speaker 1: and stop smouthing off about how it's wrong. It's not wrong. 528 00:32:19,720 --> 00:32:25,000 Speaker 1: It is Democrats have shown us this for years. Republicans 529 00:32:25,040 --> 00:32:27,960 Speaker 1: still haven't gotten the message. Dear Lord, I don't know 530 00:32:28,000 --> 00:32:31,120 Speaker 1: how they stood together to face down the shutdown from Schumer. 531 00:32:31,160 --> 00:32:33,760 Speaker 1: I really don't know how they did it. I thought 532 00:32:33,760 --> 00:32:36,800 Speaker 1: that was maybe, like, okay, maybe everyone's gotten the message 533 00:32:36,880 --> 00:32:38,959 Speaker 1: on how you deal with this and how you actually 534 00:32:38,960 --> 00:32:42,600 Speaker 1: show you're in charge. Nope, we still have a lot 535 00:32:42,640 --> 00:32:46,680 Speaker 1: of work ahead of us. Guys, that's okay, we can 536 00:32:46,680 --> 00:32:49,960 Speaker 1: get this done. I'm Tony Katz. This is Tony Katz today. 537 00:32:50,160 --> 00:32:54,840 Speaker 4: I would tell you if evangelical churches do not follow 538 00:32:54,880 --> 00:32:58,080 Speaker 4: the lead of what the Catholic bishops are doing right now, 539 00:32:58,640 --> 00:33:02,239 Speaker 4: they will look back on this time period with the 540 00:33:02,280 --> 00:33:05,880 Speaker 4: same shame that they look back on the civil rights 541 00:33:05,920 --> 00:33:10,960 Speaker 4: era when too many preached about the status quo and 542 00:33:11,200 --> 00:33:16,080 Speaker 4: and and try to justify segregation and try to justify 543 00:33:16,440 --> 00:33:22,200 Speaker 4: the de humanizing of black people. It's their choice and 544 00:33:22,240 --> 00:33:23,120 Speaker 4: it's time they move. 545 00:33:23,360 --> 00:33:27,400 Speaker 1: I would tell you new network, same old insanity. Tony Kats, 546 00:33:27,480 --> 00:33:30,880 Speaker 1: Tony Kats Today, Good to be with You. MSNBC has 547 00:33:31,000 --> 00:33:35,240 Speaker 1: now made the change and now they're called ms now Now. 548 00:33:36,080 --> 00:33:38,280 Speaker 1: There was a really interesting article in one of the 549 00:33:38,400 --> 00:33:42,600 Speaker 1: radio trades, entertainment trades that I read that they don't 550 00:33:42,640 --> 00:33:47,320 Speaker 1: even own msnow dot com. True story, Tony Katz, Tony 551 00:33:47,400 --> 00:33:51,120 Speaker 1: Kats Today, Great to be with You, they own msnownews 552 00:33:51,480 --> 00:33:53,560 Speaker 1: dot com. And so it was a conversation of you, 553 00:33:53,600 --> 00:33:55,240 Speaker 1: if you're going to brand to something new, maybe you 554 00:33:55,240 --> 00:33:59,000 Speaker 1: should have all the assets. You know, I own Tony 555 00:33:59,040 --> 00:34:02,320 Speaker 1: kats dot com and all the places that I own it. 556 00:34:02,360 --> 00:34:04,520 Speaker 1: But like with Etrink, Smoke, the Cigar and Bourbon Show, 557 00:34:04,600 --> 00:34:07,040 Speaker 1: some other people had some names like that. We came 558 00:34:07,080 --> 00:34:10,279 Speaker 1: to it later, so we made little variations here and there. 559 00:34:10,320 --> 00:34:13,080 Speaker 1: It's okay, but when you are the size and the 560 00:34:13,160 --> 00:34:20,000 Speaker 1: scope of of NB MSNBC, you you didn't look before 561 00:34:20,000 --> 00:34:22,279 Speaker 1: you left. You just left and then assumed everything would 562 00:34:22,480 --> 00:34:26,160 Speaker 1: would work out for you. But it's not like anything 563 00:34:26,280 --> 00:34:30,279 Speaker 1: is going to change. The evangelical churches should look back 564 00:34:30,320 --> 00:34:34,960 Speaker 1: in shame regarding immigration crackdowns that illegal immigrants are being removed. 565 00:34:35,000 --> 00:34:39,080 Speaker 1: That's no Why why would. 566 00:34:38,760 --> 00:34:44,640 Speaker 5: They the idea that you are a church and that 567 00:34:44,680 --> 00:34:48,759 Speaker 5: you are followers of name the religion or or name 568 00:34:48,840 --> 00:34:51,960 Speaker 5: the the offshoot of the religion, Uh, followers of the Lord. 569 00:34:52,040 --> 00:34:55,960 Speaker 1: We'll just do it overarching. You may believe that all 570 00:34:56,000 --> 00:34:59,759 Speaker 1: people should be treated humanely, but that does not s 571 00:35:00,560 --> 00:35:04,040 Speaker 1: or in any way excuse or push aside the law 572 00:35:04,040 --> 00:35:07,959 Speaker 1: of the land, the laws that we govern ourselves with. 573 00:35:09,360 --> 00:35:13,759 Speaker 1: That's a maddening proposition. So no, I would go the 574 00:35:13,800 --> 00:35:17,400 Speaker 1: other way. Any church that is not in favor of 575 00:35:17,440 --> 00:35:19,680 Speaker 1: the removal of people who broke the law to be 576 00:35:19,760 --> 00:35:22,520 Speaker 1: in this country, well, I would say that that's a 577 00:35:22,600 --> 00:35:24,360 Speaker 1: church that needs a good hard look in the mirror 578 00:35:24,360 --> 00:35:28,120 Speaker 1: and probably needs some Jesus tony Jesus would never I 579 00:35:28,200 --> 00:35:35,279 Speaker 1: don't claim any biblical expertise, but I would say that 580 00:35:35,440 --> 00:35:38,080 Speaker 1: if you believe that we should be a nation of 581 00:35:38,120 --> 00:35:42,319 Speaker 1: no laws and a nation of wide open illegal immigration, 582 00:35:43,560 --> 00:35:46,600 Speaker 1: you're saying we don't want to exist for long because 583 00:35:46,640 --> 00:35:50,960 Speaker 1: you won't, and your church won't last for long. It won't. 584 00:35:51,880 --> 00:35:55,480 Speaker 1: It's okay to have rules, and my guess is that 585 00:35:55,520 --> 00:35:58,120 Speaker 1: the Lord is good with it. But tell me if 586 00:35:58,160 --> 00:36:01,240 Speaker 1: you disagree. You can email me Tony tonycots dot com. 587 00:36:01,239 --> 00:36:03,880 Speaker 1: Find everything I do at Tonycotts dot com. Tomorrow, everyone, 588 00:36:04,120 --> 00:36:04,440 Speaker 1: take care,