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Speaker 1: Line from the Heartland and the Crossroads of America. It's

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Speaker 1: Tony Katz today. Bring on more of the Epstein files.

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Speaker 1: It's all I want. It's all I can ask for

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Speaker 1: more and more and more and.

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Speaker 2: More now, just because somebody is listed in these files

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Speaker 2: connected to Jeffrey Epstein, the quote unquote financier, the guy

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Speaker 2: who was engaged in providing underage sex to people seemingly

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Speaker 2: across America, who was allowed to kill himself.

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Speaker 3: Win, Queen, nudge, nudge. I think I'm the only person

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Speaker 3: who holds Bill Barr responsible for this. You let this

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Speaker 3: guy be in jail, You didn't have guards on him,

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Speaker 3: you didn't have him watched.

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Speaker 2: The camera wasn't working. One guy's look at this way.

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Speaker 2: One guy falls asleep. Next thing you know, he kills himself.

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Speaker 2: And hey, we've got nothing with the video shows it.

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Speaker 2: With the video shows nothing. You let this happen. And

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Speaker 2: we wanted answers, and then Trump was like, why is

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Speaker 2: anybody paying attention to this? Oh, a massive misread. And

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Speaker 2: we said we want answers, and people, uh, some people

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Speaker 2: on the political rights said, but Trump said, we shouldn't

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Speaker 2: pay attention to this, and it's.

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Speaker 3: The wrong subject.

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Speaker 2: And we said, don't you tell us of how to

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Speaker 2: be supportive of President Trump. We want answers because he

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Speaker 2: works for us and not this other way around craziness.

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Speaker 2: Tony Katz, that's me, by the way, Tony Katay, good

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Speaker 2: to be with you. Eight three to three got Tony

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Speaker 2: eight three three four six eight eight six six. We're

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Speaker 2: not gonna get told how to be loyalist. We're not loyalists.

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Speaker 2: We voted for Trump because Trump could do the things

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Speaker 2: that we wanted done. Wanted a secure border, Boom, voted

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Speaker 2: for Trump, got a secure border, wanted to drain the

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Speaker 2: swamp and get rid of the madness. And the fraud

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Speaker 2: was abuse Boom. We got doged. We at least got started,

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Speaker 2: and then for some reason we stopped, which I think

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Speaker 2: is a really bad idea. We need to get back

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Speaker 2: to that immediately, if not sooner, because you think that

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Speaker 2: we've got fraud just in Minnesota when it comes to

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Speaker 2: daycare centers, Oh, the.

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Speaker 3: Fraud is everywhere.

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Speaker 2: Could you imagine what we could do with all of

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Speaker 2: the money we're spending on the fraud and abuse. How

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Speaker 2: about just giving it back to the people. How about

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Speaker 2: reducing the size and scope of government But if you

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Speaker 2: want to do something with it, how about ensuring that

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Speaker 2: we have enough nurses and doctors going forward, and not

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Speaker 2: nurses and doctors who are being indoctrinated into this absolute

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Speaker 2: nonsense of medicine that's based on well, if I don't

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Speaker 2: like your religion and your political stance, I'll let you die.

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Speaker 3: How about a medicine where we don't say, well, you

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Speaker 3: check off this box in that's box on the diversity scale,

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Speaker 3: so we don't care about your grades. It's okay if

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Speaker 3: you go treat grandma and she dies quick. You don't

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Speaker 3: think that's happening. We all know it's happening. People not

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Speaker 3: able to be up to snuff.

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Speaker 2: Of all races and all creeds and everywhere else being

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Speaker 2: pushed through the system and we get substandard medical care.

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Speaker 3: Bad, bad, bad idea.

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Speaker 2: But when it came to the Epstein files, hey, Trump says,

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Speaker 2: we should be paying attention to this. We shouldn't be

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Speaker 2: paying attention to this. Now you're wrong, We're right. We

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Speaker 2: want all the files everywhere. Now, it did lead to

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Speaker 2: a question, if you release all the files, are you

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Speaker 2: going to release redacted information? Are you going to really

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Speaker 2: tell victims they have to be outed.

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Speaker 3: I didn't want that, and I was willing to accept

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Speaker 3: the fact that there would be some redactions that would

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Speaker 3: take time to get all that done. And with that said,

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Speaker 3: still said, dear lord, I want these things released. Well

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Speaker 3: now you've got a huge, huge dump of documents, millions

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Speaker 3: of documents, and what the document show is people are

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Speaker 3: still going through them as a whole host of things.

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Speaker 2: And connections with people in sports and people in a

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Speaker 2: celebrity culture, an entertainment. The question before us is were

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Speaker 2: these people involved on the island. Were these people involved

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Speaker 2: in their homes having Jeffrey Epstein or Julaine Maxwell or

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Speaker 2: anybody else bringing them young children to abuse? That is

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Speaker 2: the only question.

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Speaker 3: The people who want to scream Trump as a pedophile,

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Speaker 3: they're just pathetic fools. You're so desperate to be political,

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Speaker 3: you can't actually take into account that children were abused

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Speaker 3: and we should find the people who abuse them and

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Speaker 3: throw them in jail.

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Speaker 2: Screaming Trump is a pedophile is as dumb of an

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Speaker 2: argument as there is out there. It's as absolutely stupid

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Speaker 2: and brain dead as Billie eilis screaming blank ice, which

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Speaker 2: she's saying as she's accepting a Grammy yesterday.

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Speaker 3: We're living on stolen land, blank Ice. You child people

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Speaker 3: get killed and you don't care because you can pay

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Speaker 3: for the security.

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Speaker 2: Don't you know you're part of the problem. You're not

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Speaker 2: above it all. You're not kind, You're not decent. Billy Eilish,

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Speaker 2: you're not a good person. Who told you you're a

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Speaker 2: good person. Your brother, he's not a good person either.

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Speaker 3: You don't think people should be protected in their home

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Speaker 3: from ilegal immigrants, and you think law enforcement is somehow

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Speaker 3: wrong for doing the job. That's all in the books

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Speaker 3: voted for by Democrats. Dear God, Billy, do you ever

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Speaker 3: actually think before you speak? You think you're good. You

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Speaker 3: should stop thinking you're good. You should stop thinking this

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Speaker 3: because you're not. You're not.

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Speaker 2: It doesn't matter what your fans say. The facts are.

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Speaker 2: What you believe is everybody else.

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Speaker 3: Should suffer while you have guns keeping people away. Disgusting stuff.

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Speaker 3: Disgusting stuff is thinking that anybody associated with abusing children

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Speaker 3: should be able to get away with it. So yes,

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Speaker 3: I want the Epstein files. I want them all. I

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Speaker 3: want every single file everywhere I can get my hands

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Speaker 3: on a file, and I want the information released which

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Speaker 3: brings us to Senator John Kennedy. Senator Kennedy, who is

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Speaker 3: out there speaking with CNN on this exact subject.

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Speaker 4: Kennedy, another important story I want to get to the

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Speaker 4: Justice Department finally releasing its tranch of files related to

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Speaker 4: Jeffrey Epstein. They did so on Friday. The Deputy Attorney General,

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Speaker 4: Todd Blast says, the Department of Justice is not considering

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Speaker 4: bringing any additional charges related to Epstein.

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Speaker 3: Is that acceptable to you?

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Speaker 5: Well, I don't know yet. They haven't released all the documents.

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Speaker 5: That's my understanding.

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Speaker 4: They released three million additional pages, but there are reports

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Speaker 4: that are another three million are still being held.

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Speaker 5: Here are the two things that I'm fairly certain of.

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Speaker 5: Number One, this issue is not going to go away

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Speaker 5: until the Justice Department releases every single document, every single picture,

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Speaker 5: every single email.

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Speaker 6: And you want them to do that. I want them

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Speaker 6: to do that.

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Speaker 5: I've said that from day one. Number Two, there are

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Speaker 5: some of my colleagues who have boldly stood on the

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Speaker 5: floor of their respective bodies and said, we know who

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Speaker 5: needs to be prosecuted. We have the names.

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Speaker 6: Now.

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Speaker 5: There are only two possible reasons for them saying that. One,

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Speaker 5: maybe they're on real strong drugs or number two, they know.

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Speaker 5: If they know, and they're making those kind of allegations,

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Speaker 5: then by god, they ought to give us the names,

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Speaker 5: and they ought to be prepared for the litigation that

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Speaker 5: follows that they're wrong.

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Speaker 2: Now I agree that we can't be playing this game

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Speaker 2: of not getting the information.

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Speaker 3: I want it all. I want every last bit of

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Speaker 3: the information. If we can't see our way clear to

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Speaker 3: not being political about this but saying who's abusing children?

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Speaker 3: If we can't do that on both sides of the aisle,

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Speaker 3: you have only begun to understand exactly how far gone

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Speaker 3: we are as a society and why I have made

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Speaker 3: the argument here repeatedly the only way out is.

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Speaker 2: Through COVID came and we couldn't agree on how we

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Speaker 2: were going to address COVID. We said, let's just everybody

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Speaker 2: fall back to their fiefdom and attack each other politically.

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Speaker 3: It was ridiculous. Children get abused and we say, how can.

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Speaker 2: We hit the other side with this, as opposed to

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Speaker 2: let's find the abusers. Do you want to protect an

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Speaker 2: abuser because they're in your party? The founders warned about party.

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Speaker 3: John Adams and Thomas Jefferson were concerned about parties and

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Speaker 3: really you can get into this to the federalist papers

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Speaker 3: and the idea of factions and how issue maatic this is.

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Speaker 2: But I think that to a large degree, we fall

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Speaker 2: into groups of people who agree on certain things, and

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Speaker 2: then that's how we operate. We're not a larger group

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Speaker 2: of people that opposes the abuse of children. That is

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Speaker 2: what we're saying here.

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Speaker 3: These people who are attacking ICE were not part of

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Speaker 3: a larger group of people that says we are a

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Speaker 3: nation of laws and people who broke the law should

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Speaker 3: be held to account. Well, those people are saying no,

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Speaker 3: they shouldn't be held to account.

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Speaker 2: And if ICE changed all their tactics to where all

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Speaker 2: they did was layout cotton candy is a way to

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Speaker 2: trap people, they'd be like, oh my gosh, they're trying

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Speaker 2: to give all these illegal immigrants.

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Speaker 3: Bad teeth and diabetes. They would never think that anything

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Speaker 3: was okay. They are too far gone. We're too far

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Speaker 3: gone on finding child abusers.

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Speaker 7: I don't I don't know what I'm supposed to do

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Speaker 7: with that information. I don't know how any of us

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Speaker 7: are supposed to process that information. How far gone are

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Speaker 7: we as a society so absolutely dependent on our political

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Speaker 7: systems that we won't recognize. Democrat or Republican, conservative or liberal, moderate, independent,

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Speaker 7: doesn't matter. Somebody who is sexually abusing a thirteen year

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Speaker 7: old needs to go to jail. But no, seemingly we're

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Speaker 7: not there. Back to Senator Kennedy.

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Speaker 5: But this has gone on long enough. The American people

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Speaker 5: don't trust government. That's the fault to both sides. And

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Speaker 5: if I were they, I would release every single document

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Speaker 5: and picture.

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Speaker 3: We'll see if that protect the victims.

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Speaker 4: But do it, yeah, and redact the pictures of the

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Speaker 4: nude girls and women.

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Speaker 6: Well, I don't even know if I would do that.

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Speaker 5: I would redact their faces, would I would protect their privacy?

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Speaker 3: I haven't researched it.

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Speaker 5: But any any simple excuse that people can find not

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Speaker 5: to believe the Justice Department, they're going they're going to

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Speaker 5: believe it.

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Speaker 2: It's a very interesting position he just put out there,

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Speaker 2: which is normally, maybe redact all those things. But when

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Speaker 2: nobody believes, when nobody trusts the the the institutions, you

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Speaker 2: have to release as much as you can to try

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Speaker 2: and rebuild the trust.

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Speaker 3: So no, don't redact. That is something else. That is

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Speaker 3: something else for him to say.

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Speaker 2: It's a harsh statement, but you get an idea of

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Speaker 2: where it's coming from. I have not yet because I

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Speaker 2: was away for the weekend. I was at a conference,

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Speaker 2: and so I haven't yet gone through everything that is

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Speaker 2: in these In this latest batch, there's stuff that involves

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Speaker 2: in the NFL and I think the Tish family, which

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Speaker 2: is connected to the New York Giant. There have been

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Speaker 2: some people who are in academia.

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Speaker 3: Who have now resigned because of connections.

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Speaker 2: There was a thing about Daniel Stern, the former NBA commissioner,

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Speaker 2: and orgies.

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Speaker 3: You think I can make this up? You think there's

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Speaker 3: any part of.

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Speaker 2: Me that, in my normal course of being would say

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Speaker 2: Daniel Stern an orgy in the same sentence. And I

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Speaker 2: wasn't talking about the guy from Home alone, which I also.

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Speaker 3: Would not do. It's hard to make a joke about

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Speaker 3: these things. One should not do that. I want to

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Speaker 3: know who abuse children.

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Speaker 2: I want them in jail. That's what we should all know.

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Speaker 2: That's what we should all want. People want to be political, Well,

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Speaker 2: you're talking about this because you don't want to talk

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Speaker 2: about the other thing. Wait, I thought I was talking

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Speaker 2: about the other thing because I didn't want to talk

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Speaker 2: about this. I will go through more of it. I'll

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Speaker 2: have more of it this week. The subject is not

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Speaker 2: going away. Release more of the files. I'm Tony Katz.

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Speaker 2: This is Tony Katz today. So Iran a saber rattlings.

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Speaker 2: If you do this, We're gonna do that. We're ready

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Speaker 2: for war. We'll take you on. I have no idea

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Speaker 2: how things are going to move and maneuver.

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Speaker 3: As it relates to our positioning more and more into

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Speaker 3: the Middle East.

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Speaker 2: Tony Katz, Tony Katz today. Good to be here, Good

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Speaker 2: to be with you find everything at Tony Katz dot com.

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Speaker 2: Now as we I want to just take care of

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Speaker 2: something really quick where we had ourselves a little bit

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Speaker 2: of an audio issue that is now fixed. Apologize for that.

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Speaker 2: You have the USSA Abraham.

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Speaker 3: Lincoln moving in, you have these other warships that are

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Speaker 3: moving in, and there's a question as to whether or not.

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Speaker 2: There's a level of action that can take place, and

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Speaker 2: a question of course being what is that action. The

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Speaker 2: Iranian people are still fighting, they're still trying to engage

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Speaker 2: their freedom.

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Speaker 3: They have had they have dealt with killings. Over forty

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Speaker 3: thousand was the last number. That was the last number.

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Speaker 2: And then you have Trump saying that if Iran doesn't

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Speaker 2: agree to a nuclear deal, will find out whether US

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Speaker 2: attack would spark a regional war. So what nuclear deal

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Speaker 2: is President Trump referring to here?

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Speaker 3: This is from just today saying.

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Speaker 2: That if Iran does not make a deal regarding its

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Speaker 2: nuclear program, that we'll find out about an attack. It

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Speaker 2: was the Ayatola on Sunday saying that any US attack

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Speaker 2: would spark a regional war with whom? With whom in

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Speaker 2: the region. Will this regional war be? Who is it

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Speaker 2: that's going to attack the US? Or basically in the

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Speaker 2: way say I should say that we're we're having a

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Speaker 2: conversation about regional war.

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Speaker 3: So Iran saying if the US does X, then Iran

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Speaker 3: is attacking Israel.

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Speaker 2: That what they mean by regional war. Does he expect

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Speaker 2: somebody else to get involved in a regional war? Does

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Speaker 2: he expect the Jordanians to fight on his side? The Syrians?

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Speaker 2: None of that's going to happen. No one it was

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Speaker 2: signed the Abraham Accords or as a beneficiary of the

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Speaker 2: Abraham Accords is going to a gauge and attack.

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Speaker 3: So what is he actually referring to?

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Speaker 2: I agree that it is one hundred percent bluster, nothing more,

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Speaker 2: nothing less. Now, does Iran still have as they have

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Speaker 2: utilized a lot of mobile carriers for their missiles, Can

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Speaker 2: they still launch missiles that Israel or other nations?

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Speaker 3: Absolutely?

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Speaker 2: Does Iran have still terrorists on the payroll that they

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Speaker 2: can put into operations, cells that they can activate. I

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Speaker 2: would argue absolutely. But everything here regarding the Ayatola is bluster.

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Speaker 2: The question that I'm asking is what possible deal is

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Speaker 2: made regarding their nuclear capabilities. There is no deal that

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Speaker 2: can be made or should be made that allows the

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Speaker 2: Iatola to remain, or that part or those hardliners to remain.

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Speaker 3: We've discussed before.

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Speaker 2: The one thing you have to do is you have

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Speaker 2: to crack the IRGC, that Revolutionary Guard core. You have

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Speaker 2: to crack them because they're the ones engaged in the

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Speaker 2: crackdown of the people. Even if the Iyatola were to

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Speaker 2: engage himself some level of exile to Moscow or wherever else,

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Speaker 2: and there was reports over the weekend that he had

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Speaker 2: gone to Moscow, doesn't seem to necessarily be the case.

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Speaker 3: I think he's still right where he's at. You have

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Speaker 3: to crack the IRGC. You have to take away their money,

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Speaker 3: you have to take away their power in order for

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Speaker 3: the people to be able to complete the job and

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Speaker 3: actually be free people, living their own lives and choosing

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Speaker 3: their own government. I may not agree with that government, but.

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Speaker 2: At least it'll be theirs, as opposed to this one

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Speaker 2: which has been forced upon them.

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Speaker 3: But I'm not interested in making a deal.

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Speaker 2: Or regarding their nuclear capabilities that keeps the Iatola and

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Speaker 2: the Mols in power.

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Speaker 3: I don't want that for the people Overran.

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Speaker 2: I'm in favor of supporting the people as they rise

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Speaker 2: up against the Isatola and the Malas until they simply

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Speaker 2: run for their lives, and then let the people have

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Speaker 2: a Ran. Let's call it Persian, make Persia great.

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Speaker 3: Again, or make a Ran Persia again, however you want

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Speaker 3: to describe it. I want anything it keeps the Isatola

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Speaker 3: that continue to watch it. Meanwhile, are Republican's ready to

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Speaker 3: fight keep it here. I do not have long COVID.

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Speaker 3: What is wrong with everybody? It's a cold, not everything

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Speaker 3: is the end of times, Good.

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Speaker 2: Lord, Tony Kats. Tony Kats. Today I was in Florida

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Speaker 2: for our conference. I came back with the colds because

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Speaker 2: it was zero degrees the first two days were really nice.

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Speaker 2: The sun came out, there was beach stuff and all

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Speaker 2: the jazz, and then Saturday came and the winds were

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Speaker 2: blowing and it was cold, and I think that's what gave.

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Speaker 3: Me the cold. And so the chat room says that I.

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Speaker 2: Have long COVID. Would you guys just stop it. This

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Speaker 2: is long COVID is real. Not everything is you know what.

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Speaker 2: I think you're just messing with me. I appreciate it

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Speaker 2: one bit.

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Speaker 3: I don't appreciate that Republicans aren't interested in winning. This

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Speaker 3: story is about a state race in Texas.

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Speaker 2: Now, Texas is going to be having a whole bunch

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Speaker 2: of interesting races, including a Senate race where the ladies

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Speaker 2: of the view don't care which Democrat wins as long

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Speaker 2: as the Democrat wins.

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Speaker 8: So you guys, you and Jasmine, you're in it. And

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Speaker 8: I think regardless of who wins this particular race, Texas

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Speaker 8: will be better for Yeah.

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Speaker 2: You're telling me that if a white man beats a

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Speaker 2: black woman, you're not going to be screaming racism and

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Speaker 2: sexism will be I for one, am shocked, shocked and

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Speaker 2: devastated to.

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Speaker 3: Learn such a thing.

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Speaker 2: But the story is the story of a Texas Senate

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Speaker 2: seat that has flipped. This is a state Senate special

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Speaker 2: election which happened on Saturday.

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Speaker 3: Now, I do not know who allowed at all a

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Speaker 3: special election on a Saturday. I don't know.

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Speaker 2: I don't know why you would do such a thing,

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Speaker 2: but it is very clear that Republicans had no interest

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Speaker 2: in showing up. Now, all politics are local, and it

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Speaker 2: could have to do with what people thought of the

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Speaker 2: Republican challenger. This was a vacant seat in Senate District nine,

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Speaker 2: could have a lot to do with it. But it's

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Speaker 2: the first time a Republican has lost the seat since

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Speaker 2: nineteen ninety two, which is a very very very long time.

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Speaker 2: Republicans didn't fight for the seat. Republicans didn't push the seat,

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Speaker 2: and it wasn't just a victory. It was an overperform

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Speaker 2: in a district where Trump won by seventeen points in

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Speaker 2: twenty twenty four. You had Republicans get involved in the race,

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Speaker 2: including Governor Greg Abbott. This Democrat overperformed by twenty points.

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Speaker 2: Democrats have caused, of course, are crowing and saying this

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Speaker 2: is just a repear dudiation of everything Republican, and we're

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Speaker 2: going to destroy them in the midterms and all the rest.

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Speaker 3: Now, I have.

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Speaker 2: A theory about the midterms and certainly about winning, and

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Speaker 2: I see an absolute map to doing so. This was

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Speaker 2: gonna be part of the event I was doing in January.

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Speaker 2: Trump one year later. The storms we had to delay.

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Speaker 2: We postponed to February twenty eighth. So it's Trump one

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Speaker 2: year and one month later. You can get your tickets

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Speaker 2: right now. Tickets at dot Tonicats dot com. Tickets at

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Speaker 2: dot Tonycats dot com.

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Speaker 3: The bourbon, the food, the laughs, the music, it's gonna

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00:23:33,320 --> 00:23:36,080
Speaker 3: be incredible. Put on your red tie. Join me tickets

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Speaker 3: dot Tonycats dot com. Trump one year and one month later.

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Speaker 2: It's going to be a spectacular, spectacular night downtown Indianapolis,

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Speaker 2: February twenty eighth.

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Speaker 3: I hope to see you there.

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Speaker 2: But what does show is that no winning can happen

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Speaker 2: if Republicans don't take every race seriously. And once discussing

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Speaker 2: some local races where I live, the then head of

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Speaker 2: the Republican Party told me that you can't run every race,

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Speaker 2: to which I said, you absolutely can, and they were like,

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Speaker 2: you can't spend money like that, and I said, you're

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Speaker 2: not qualified. I've said that subsequently as well. If you

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Speaker 2: are the head of a party and you're not running

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Speaker 2: in every race to win that race, regardless of whether

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Speaker 2: you've got all the money or no money, you haven't

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Speaker 2: looked for candidates, search for candidates, vetted candidates, endorsed candidates,

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Speaker 2: train candidates, and put candidates up in every single election.

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Speaker 3: You can't win. You know who does that?

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Speaker 2: Democrats, And they see in places they should in success

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Speaker 2: now as a group of people who are less believers

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Speaker 2: in individuality, they're better at the organizing. So Republicans just

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Speaker 2: have to practice it more. I thought we were there.

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Speaker 2: I thought we figured it out. You think that the

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Speaker 2: groundcover that's going to be provided by Trump's air support

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Speaker 2: will be enough?

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Speaker 3: Man, I really mixed my metaphors. I didn't. I Trump

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Speaker 3: can't save all of you. I'm talking about you. Candidates.

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Speaker 2: You're gonna have to actually run, and state directors and

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Speaker 2: county directors are gonna actually have to run and knock

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Speaker 2: on doors and put out the yard signed and get aggressive. Now,

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Speaker 2: just one race and just one special election does not

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Speaker 2: mean that everything else is bound for failure.

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Speaker 3: But Republicans should be aware.

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Speaker 2: That they lost the mayor's race in Miami too, and

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Speaker 2: you lost not only the mayor's race, I'm sorry, the

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Speaker 2: governor's race.

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Speaker 3: In Virginia.

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Speaker 2: You lost the ag race to a guy who said

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Speaker 2: he wanted to kill the Republican leader of the House

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Speaker 2: of Virginia and that guy's.

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Speaker 3: Kids you lost.

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Speaker 2: You better have some focus, And this story is indeed

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Speaker 2: about focus, because when you take a look at the polling.

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Speaker 2: For example, a story out of the New York Post

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Speaker 2: regarding some Fox polling, Democrats' top Republicans on the generic

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Speaker 2: congressional ballot by six points fifty two to forty six.

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Speaker 2: That's a very large margin. A generic ballot means it

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Speaker 2: doesn't matter who it is. When it matters who it is,

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Speaker 2: personalities come into play and it can change those numbers.

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Speaker 2: But it is yet another example over Republicans are absolutely

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Speaker 2: falling behind, and they should feel like they're falling behind.

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Speaker 2: Then there's the idea of the favorable unfavorable. The favorable

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Speaker 2: unfavorables tell a unique.

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Speaker 3: Story where if you take a look at the Republican Party,

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Speaker 3: the favorables forty percent, the unfavorable is fifty three percent.

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Speaker 3: This according to real clear polling.

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Speaker 2: If I look at the Democratic Party, the favorable is

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Speaker 2: thirty five percent and the unfavorable is fifty six percent.

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Speaker 2: It is not that people are enjoying the Democratic Party

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Speaker 2: and saying, you know what, this is all just.

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Speaker 3: Super great, not in the slightest.

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Speaker 2: It is saying that even if people view their party unfavorably,

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Speaker 2: and more Democrats view their party unfavorably, then Republicans review

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Speaker 2: their party unfavorably or review Republicans at all unfavorably. In

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Speaker 2: the head dead matchups, Republicans are losing because all politics

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Speaker 2: are local and you have to go run every race.

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Speaker 2: So maybe this is that kind of psychology moment where

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Speaker 2: Republicans realize that they're going to get destroyed.

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Speaker 3: In a mid term election. I'm hoping that's the case.

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Speaker 3: I am hoping that is indeed the case.

440
00:28:08,680 --> 00:28:13,679
Speaker 2: There will be some people who will believe that, well, Tony,

441
00:28:14,240 --> 00:28:16,640
Speaker 2: those are just specific races and local races.

442
00:28:16,720 --> 00:28:18,879
Speaker 3: A midterm has a more national story.

443
00:28:19,000 --> 00:28:22,359
Speaker 2: And we're winning on the border, and we're winning in

444
00:28:22,440 --> 00:28:23,520
Speaker 2: terms of law enforcement.

445
00:28:23,640 --> 00:28:25,600
Speaker 3: So are we winning in terms of ice?

446
00:28:25,960 --> 00:28:29,639
Speaker 2: I argue we should, and the people screaming that I

447
00:28:29,720 --> 00:28:32,879
Speaker 2: should stop, no, no, no, I should triple down, and

448
00:28:32,920 --> 00:28:37,320
Speaker 2: the people out there engaged in violence against ICE agents

449
00:28:37,440 --> 00:28:40,360
Speaker 2: should all be arrested, and people like Billie Eilish should

450
00:28:40,400 --> 00:28:42,680
Speaker 2: have to learn how wrong she is. I'm going to

451
00:28:42,760 --> 00:28:46,080
Speaker 2: get to the Grammys, don't worry, and all of those

452
00:28:46,480 --> 00:28:51,120
Speaker 2: absolute foolhardy lemmings at the Grammys applauding and applauding, don lemon.

453
00:28:51,440 --> 00:28:57,280
Speaker 2: They have to lose. They have to lose. And I

454
00:28:57,320 --> 00:29:02,040
Speaker 2: think Americans do know this. If Republicans do not continue

455
00:29:02,440 --> 00:29:06,280
Speaker 2: to engage in the removal of illegal immigrants, even if

456
00:29:06,320 --> 00:29:10,120
Speaker 2: it's a change of tactics, which tactics change all the time,

457
00:29:10,160 --> 00:29:15,880
Speaker 2: go right ahead. If you stop, that's a definite loss.

458
00:29:16,160 --> 00:29:20,200
Speaker 2: If you somehow acquiesce to these violent people engaged in

459
00:29:20,240 --> 00:29:24,760
Speaker 2: the attacks in Minneapols in other places, you're going to lose.

460
00:29:25,840 --> 00:29:31,920
Speaker 2: You're going to lose huge. People want those who are

461
00:29:31,920 --> 00:29:33,200
Speaker 2: willing to fight.

462
00:29:34,400 --> 00:29:36,920
Speaker 3: And I've seen a lot of people say, man, what's

463
00:29:36,960 --> 00:29:40,240
Speaker 3: happening in Minneapolis is really destroying a Republican's chances.

464
00:29:40,360 --> 00:29:44,520
Speaker 2: Know how they handle it could very well destroy their chances.

465
00:29:46,400 --> 00:29:50,080
Speaker 2: But are Republicans getting the message that if they're not

466
00:29:50,200 --> 00:29:55,920
Speaker 2: willing to fight, they're just gonna get destroyed. Do they

467
00:29:56,000 --> 00:29:57,920
Speaker 2: understand that they can't rely.

468
00:29:59,600 --> 00:30:04,000
Speaker 3: On tr You can't do it. You can't rely on

469
00:30:04,040 --> 00:30:04,920
Speaker 3: the coattails.

470
00:30:05,360 --> 00:30:07,400
Speaker 2: I think Trump would argue that he did not endorse

471
00:30:07,440 --> 00:30:11,040
Speaker 2: in that race, and see what happened. I don't know,

472
00:30:12,560 --> 00:30:17,040
Speaker 2: can't tell you why he did or why he didn't.

473
00:30:18,880 --> 00:30:21,680
Speaker 2: What I can tell you is it is obvious to

474
00:30:21,800 --> 00:30:28,840
Speaker 2: me that Republicans don't seem to be prepared, ready to

475
00:30:29,120 --> 00:30:34,720
Speaker 2: fight and win the way they need to. That stinks.

476
00:30:36,680 --> 00:30:42,440
Speaker 2: That stinks. Can it be turned around? Absolutely?

477
00:30:42,480 --> 00:30:43,440
Speaker 3: It can be turned around.

478
00:30:44,400 --> 00:30:47,680
Speaker 2: You guys certainly have some top lining messaging that can occur.

479
00:30:48,280 --> 00:30:53,520
Speaker 2: Are we seeing a lower inflation future? Well, maybe you've

480
00:30:53,560 --> 00:30:56,800
Speaker 2: got Kevin Walsh who may be taking over the FED

481
00:30:57,080 --> 00:31:04,280
Speaker 2: for Jerome Powell, and his plan would involve buying down

482
00:31:04,320 --> 00:31:07,560
Speaker 2: the balance sheet which would help reduce inflation. Maybe that's

483
00:31:07,600 --> 00:31:10,040
Speaker 2: why we saw gold and solar prices drop over the

484
00:31:10,040 --> 00:31:14,120
Speaker 2: weekend so dramatically. They're still very high, but maybe with

485
00:31:14,200 --> 00:31:18,160
Speaker 2: a new FED chairsh is the last name, Warsh, that's

486
00:31:18,200 --> 00:31:24,120
Speaker 2: the nominee, you will have lower inflation. That will help

487
00:31:25,080 --> 00:31:27,440
Speaker 2: Prices of gas coming down as they have continue to

488
00:31:27,480 --> 00:31:29,320
Speaker 2: come down, price of beef coming down.

489
00:31:29,440 --> 00:31:31,280
Speaker 3: That will help you can afford.

490
00:31:30,960 --> 00:31:32,880
Speaker 2: To take your family out to dinner, you feel you've

491
00:31:32,880 --> 00:31:35,760
Speaker 2: got some extra cash in your pocket. Those are the

492
00:31:35,760 --> 00:31:39,840
Speaker 2: things that are going to matter. Staying tough on law

493
00:31:39,920 --> 00:31:44,479
Speaker 2: enforcement and staying tough on those who think they can

494
00:31:44,600 --> 00:31:48,520
Speaker 2: utilize violence to protect illegal immigrants over American citizens.

495
00:31:48,800 --> 00:31:50,040
Speaker 3: That's going to help.

496
00:31:51,840 --> 00:31:57,080
Speaker 2: The border protection has helped Americans voted for this. Don't

497
00:31:57,160 --> 00:32:01,080
Speaker 2: buy in to the mainstream media spin. Don't buy into

498
00:32:01,120 --> 00:32:07,000
Speaker 2: the trolls out there on social media. Reality shows us

499
00:32:07,000 --> 00:32:09,200
Speaker 2: that this is what America voted for. It's what they wanted,

500
00:32:09,200 --> 00:32:14,560
Speaker 2: and they like what they see on the border. I

501
00:32:14,600 --> 00:32:17,680
Speaker 2: don't think the answer is nope, nope, nope, nope, nope,

502
00:32:19,200 --> 00:32:23,680
Speaker 2: don't don't do anything Dismantleiza. That is not what people

503
00:32:23,680 --> 00:32:26,680
Speaker 2: are saying. That's what the left is saying, which is

504
00:32:26,720 --> 00:32:28,720
Speaker 2: how you have to have a conversation that the left

505
00:32:28,760 --> 00:32:31,720
Speaker 2: favors the illegal immigrant over the citizen, and they favor

506
00:32:31,800 --> 00:32:36,160
Speaker 2: damage and destruction over peace and security. I don't know

507
00:32:36,200 --> 00:32:38,720
Speaker 2: if the Republicans are smart enough to actually message that.

508
00:32:40,120 --> 00:32:41,560
Speaker 2: What I do know is that there is a path,

509
00:32:41,600 --> 00:32:42,440
Speaker 2: and I'll be explaining it.

510
00:32:42,480 --> 00:32:46,520
Speaker 3: February twenty eighth tickets to Tonycats dot Com. They better

511
00:32:46,560 --> 00:32:49,240
Speaker 3: take these losses seriously. Because it matters.

512
00:32:49,680 --> 00:32:52,160
Speaker 2: Keep it here. This is Tony kats Today. No, I'm

513
00:32:52,160 --> 00:32:56,600
Speaker 2: not trying to engage a humble brad my point. Oh,

514
00:32:56,720 --> 00:32:59,960
Speaker 2: Tony Katz, Tony Katz today. So someone in the chat

515
00:33:00,080 --> 00:33:01,760
Speaker 2: was their live streaming, said they went to high school

516
00:33:01,760 --> 00:33:05,320
Speaker 2: with me, and I said, okay, I want proof of this,

517
00:33:05,560 --> 00:33:08,040
Speaker 2: but I want it known. I don't remember everything. And

518
00:33:08,120 --> 00:33:10,640
Speaker 2: someone's like, oh, that's you just being obnoxious, a humble brag.

519
00:33:10,760 --> 00:33:12,680
Speaker 2: They remember you, but you don't remember them. I didn't

520
00:33:12,680 --> 00:33:15,240
Speaker 2: say I wouldn't remember them. I'm saying there are things

521
00:33:15,280 --> 00:33:16,760
Speaker 2: that happened that friends that might have told me about.

522
00:33:16,760 --> 00:33:20,080
Speaker 2: I'm like, I don't remember that happening. That's the point.

523
00:33:20,560 --> 00:33:22,920
Speaker 2: There's some people are better at the memory than I am.

524
00:33:24,160 --> 00:33:26,000
Speaker 2: But nope, nope, immediately too.

525
00:33:26,040 --> 00:33:28,320
Speaker 3: Ah, you're just terrible. Oh it's just awful.

526
00:33:30,000 --> 00:33:33,160
Speaker 2: I thought this was just only in the world of

527
00:33:33,200 --> 00:33:34,520
Speaker 2: social media. Is this everywhere?

528
00:33:34,520 --> 00:33:38,800
Speaker 3: Now? Is this everything everywhere all the time?

529
00:33:39,360 --> 00:33:42,560
Speaker 2: No matter what you say, everybody is ripping it apart

530
00:33:42,600 --> 00:33:44,600
Speaker 2: and tearing it apart, and oh you mean this, and

531
00:33:44,640 --> 00:33:46,560
Speaker 2: no you mean that, Oh you're attacking this, and oh

532
00:33:46,600 --> 00:33:49,280
Speaker 2: you're just saying good lord.

533
00:33:50,440 --> 00:33:51,120
Speaker 6: People are.

534
00:33:53,520 --> 00:34:05,400
Speaker 3: So absolutely angry, so incredibly incredibly good Lord. Meanwhile, I

535
00:34:05,520 --> 00:34:10,640
Speaker 3: was discussing ice, and I will have some more about it.

536
00:34:12,440 --> 00:34:15,200
Speaker 3: I wasn't kidding when I said I should not stop.

537
00:34:16,040 --> 00:34:20,799
Speaker 3: The worst thing in the world that Trump could do

538
00:34:21,680 --> 00:34:27,920
Speaker 3: is not continue the arrests. The worst thing in the

539
00:34:27,960 --> 00:34:35,400
Speaker 3: world Republicans could do is stop the arrests. They should,

540
00:34:35,560 --> 00:34:41,200
Speaker 3: They should never ever give up the ship on that Now.

541
00:34:41,440 --> 00:34:45,640
Speaker 3: Robert F. Kennedy Junior is scheduled to speak today some

542
00:34:45,719 --> 00:34:50,480
Speaker 3: new mental health initiatives, both he and doctor Oz making

543
00:34:50,480 --> 00:34:51,359
Speaker 3: those announcements.

544
00:34:51,400 --> 00:34:53,719
Speaker 2: I am going to bring those to you. I do

545
00:34:53,840 --> 00:34:58,280
Speaker 2: want to to here. I know President Trump was speaking today.

546
00:34:58,360 --> 00:35:01,720
Speaker 2: I'll get to some of that common terry as well.

547
00:35:02,000 --> 00:35:08,799
Speaker 2: And then the Grammys. These aren't good people and you

548
00:35:08,880 --> 00:35:12,200
Speaker 2: don't have to look to them as there's some kind

549
00:35:12,200 --> 00:35:15,759
Speaker 2: of moral arbiter of anything. And that includes Billie.

550
00:35:15,480 --> 00:35:20,279
Speaker 3: Eilish, that includes all of them who really don't care

551
00:35:20,320 --> 00:35:26,200
Speaker 3: about the citizen. They don't care about the citizen at all.

552
00:35:27,960 --> 00:35:31,640
Speaker 2: They care about some weird, twisted ideology and figure they've

553
00:35:31,680 --> 00:35:37,000
Speaker 2: got enough money that they'll be spared. This Unamerican zealotry

554
00:35:37,080 --> 00:35:39,600
Speaker 2: from our celebrity class has got to end. I'll have

555
00:35:39,640 --> 00:35:40,520
Speaker 2: that story coming up.

556
00:35:40,880 --> 00:35:42,760
Speaker 3: Keep it here. This is Tony got today.

557
00:35:48,880 --> 00:35:53,520
Speaker 1: Line from vall hartbind and the Crossroads of America.

558
00:35:54,239 --> 00:35:55,680
Speaker 3: It's Tony Katz today.

559
00:35:58,000 --> 00:36:01,759
Speaker 9: The mentor is hard that that has been the case

560
00:36:01,800 --> 00:36:04,719
Speaker 9: throughout our history, and frankly, we still need to fight

561
00:36:04,800 --> 00:36:05,440
Speaker 9: that battle.

562
00:36:05,840 --> 00:36:08,440
Speaker 3: But as you know, we have the Kenny.

563
00:36:08,160 --> 00:36:13,000
Speaker 9: Forum have also taken on the Alignment for Progress. And

564
00:36:13,080 --> 00:36:16,239
Speaker 9: in the Alignment for Progress, we're not only advocating for

565
00:36:16,360 --> 00:36:21,600
Speaker 9: more access, meaning payers reimburse for care, but we're also

566
00:36:21,719 --> 00:36:25,799
Speaker 9: advocating for outcomes. God forbid, we would ever want to

567
00:36:25,840 --> 00:36:29,480
Speaker 9: pay for something that actually has better outcomes.

568
00:36:29,880 --> 00:36:32,040
Speaker 3: And so the idea is the alignment.

569
00:36:32,160 --> 00:36:36,239
Speaker 9: We have to align the reimbursement to pay for the

570
00:36:36,360 --> 00:36:39,560
Speaker 9: treatments that actually show the greatest results.

571
00:36:39,880 --> 00:36:43,960
Speaker 2: So that is a former Representative Patrick Kennedy, Democrat Rhode

572
00:36:43,960 --> 00:36:48,120
Speaker 2: Islands engaged in a conversation that you could actually go

573
00:36:48,200 --> 00:36:50,560
Speaker 2: along with. If we want to talk about healthcare, we

574
00:36:50,600 --> 00:36:52,320
Speaker 2: want to talk about specifically mental health.

575
00:36:52,760 --> 00:36:55,000
Speaker 3: Why don't we do the things that work doing in there?

576
00:36:55,000 --> 00:36:56,560
Speaker 3: Owner if we can get a benefit, if we can

577
00:36:56,560 --> 00:36:59,080
Speaker 3: see a reality that if we do X, we get

578
00:36:59,120 --> 00:37:01,520
Speaker 3: the outcome of why why wouldn't we.

579
00:37:01,600 --> 00:37:06,320
Speaker 2: Be invested in those exact things. Tony Katz, Tony Katz today.

580
00:37:06,400 --> 00:37:08,880
Speaker 2: Good to be here, Good to be with you. Find

581
00:37:08,920 --> 00:37:12,520
Speaker 2: everything over at Tony Katz dot com. So Sexutionary of

582
00:37:12,520 --> 00:37:15,760
Speaker 2: Health and Human Services, and you've got approach.

583
00:37:16,360 --> 00:37:16,960
Speaker 3: But Robert F.

584
00:37:17,040 --> 00:37:21,360
Speaker 2: Kennedy Junior, you've got doctor Oz who runs Medicare Medicaid.

585
00:37:22,120 --> 00:37:25,600
Speaker 2: They're going to be speaking about mental health and mental

586
00:37:25,640 --> 00:37:28,399
Speaker 2: health outcomes and where we need to be putting our

587
00:37:28,440 --> 00:37:31,279
Speaker 2: time and attention. Did I say hello, Tony Katz, Tony

588
00:37:31,320 --> 00:37:32,239
Speaker 2: kats today, that's me.

589
00:37:32,360 --> 00:37:34,520
Speaker 3: That's the name of the show. I appreciate you being here.

590
00:37:35,680 --> 00:37:39,520
Speaker 2: I have argued on more than one occasion that MAHA

591
00:37:40,040 --> 00:37:44,279
Speaker 2: Make America Healthy Again is an absolute winner. It has

592
00:37:44,360 --> 00:37:50,279
Speaker 2: proven massively successful with mothers, massively successful with families.

593
00:37:50,680 --> 00:38:00,280
Speaker 3: It has shown itself to be incredibly, incredibly successful. Idea

594
00:38:00,320 --> 00:38:02,080
Speaker 3: of we're gonna get the food dies out, We're gonna

595
00:38:02,080 --> 00:38:04,280
Speaker 3: get the food editives out. We're gonna honestly.

596
00:38:03,920 --> 00:38:08,440
Speaker 2: Address this ridiculous food pyramid and say eat real food,

597
00:38:10,040 --> 00:38:15,600
Speaker 2: eat nutrient rich, nutrient dense foods. Steak is good, and

598
00:38:15,680 --> 00:38:18,319
Speaker 2: let's stop being angry with saturated fats. For the love

599
00:38:18,320 --> 00:38:19,920
Speaker 2: of the Lord fantastic.

600
00:38:20,280 --> 00:38:21,320
Speaker 3: These are winners.

601
00:38:23,080 --> 00:38:27,120
Speaker 2: And as much as I have concerns about Robert F.

602
00:38:27,200 --> 00:38:32,400
Speaker 2: Kennedy's politics, which I still do, I won't deny things

603
00:38:32,440 --> 00:38:38,040
Speaker 2: that are successful be a radical thing to do. Rather,

604
00:38:38,560 --> 00:38:41,760
Speaker 2: I want to know how we can build upon these things.

605
00:38:42,160 --> 00:38:45,440
Speaker 2: I believe Republicans need to be running on these things

606
00:38:45,480 --> 00:38:49,160
Speaker 2: and continuing them down the road that Democrats are okay

607
00:38:49,200 --> 00:38:52,760
Speaker 2: with the same old, same old that destroy your children,

608
00:38:53,040 --> 00:38:56,239
Speaker 2: that lead them to worse health outcomes, that lead them

609
00:38:56,280 --> 00:39:02,280
Speaker 2: to worse lives, lives of pain and misery and mental misery.

610
00:39:02,440 --> 00:39:04,200
Speaker 3: Maybe we can look at this stuff differently.

611
00:39:05,600 --> 00:39:07,720
Speaker 2: And so now they're going to have a conversation about

612
00:39:07,760 --> 00:39:11,120
Speaker 2: mental health and addiction. Certainly there are a lot of

613
00:39:11,120 --> 00:39:13,440
Speaker 2: people out there who deal with the addiction issue. I

614
00:39:13,480 --> 00:39:19,319
Speaker 2: can tell you that that I never had to depression,

615
00:39:19,520 --> 00:39:20,400
Speaker 2: being suicidal.

616
00:39:20,440 --> 00:39:26,279
Speaker 3: I went through that in my twenties. Not fun, but

617
00:39:26,440 --> 00:39:27,880
Speaker 3: you can come out the other side.

618
00:39:27,920 --> 00:39:30,920
Speaker 2: Life does get better. I am here to say the

619
00:39:30,960 --> 00:39:35,640
Speaker 2: words life does get better. Depression is real. Dealing with

620
00:39:35,719 --> 00:39:36,520
Speaker 2: it was awful.

621
00:39:37,040 --> 00:39:43,640
Speaker 3: I spent a fair amount of my twenties suicidal, miserable, miserable, miserable.

622
00:39:43,640 --> 00:39:45,759
Speaker 3: I was discussing with somebody over the weekend. That there

623
00:39:45,800 --> 00:39:49,160
Speaker 3: are months I'd have to go.

624
00:39:49,160 --> 00:39:51,520
Speaker 2: Back and actually stare at a calendar figure out the year.

625
00:39:52,400 --> 00:39:54,439
Speaker 2: But there are months in my twenties where I can't

626
00:39:54,440 --> 00:39:57,239
Speaker 2: tell you what I did every day. No no one

627
00:39:57,280 --> 00:39:59,640
Speaker 2: remembers what they did every day. I didn't have a job,

628
00:39:59,680 --> 00:40:00,880
Speaker 2: I didn't I didn't have anything.

629
00:40:00,920 --> 00:40:01,640
Speaker 3: What was I doing?

630
00:40:01,920 --> 00:40:05,040
Speaker 2: How was I spending my time? I have no idea.

631
00:40:05,080 --> 00:40:10,160
Speaker 2: I have zero levels of recollection. Not a way you

632
00:40:10,160 --> 00:40:13,360
Speaker 2: want to live. This is better by far and in

633
00:40:13,400 --> 00:40:16,960
Speaker 2: many many ways. But I never once had to deal

634
00:40:17,000 --> 00:40:18,120
Speaker 2: with an addiction.

635
00:40:17,719 --> 00:40:21,000
Speaker 3: And I and I I never had that in in

636
00:40:21,600 --> 00:40:22,600
Speaker 3: a family setting.

637
00:40:23,480 --> 00:40:27,560
Speaker 2: Unbelievably difficult stuff. Not only in the dealing with addiction

638
00:40:27,719 --> 00:40:32,359
Speaker 2: and how you help people to find.

639
00:40:32,160 --> 00:40:37,640
Speaker 3: A place for that, but also if you are a

640
00:40:37,800 --> 00:40:41,279
Speaker 3: family in and around that, how do you how do

641
00:40:41,320 --> 00:40:41,960
Speaker 3: you deal with that?

642
00:40:42,040 --> 00:40:46,040
Speaker 2: It's funny, Maybe maybe I missed it, but I feel

643
00:40:46,680 --> 00:40:53,719
Speaker 2: that we we see that often with people who deal

644
00:40:53,800 --> 00:40:58,880
Speaker 2: with those with with with Parkinson's or those with cancer,

645
00:40:58,880 --> 00:41:05,000
Speaker 2: about how the surrounding family works with that and deals

646
00:41:05,000 --> 00:41:08,080
Speaker 2: with that. But what about family and all the other things.

647
00:41:08,160 --> 00:41:11,560
Speaker 2: Certainly there's some conversations about family and addiction.

648
00:41:11,920 --> 00:41:13,920
Speaker 3: So this is what they're talking about. And Robert F.

649
00:41:14,000 --> 00:41:16,600
Speaker 3: Kennedy Jr. Is now taken to the stage. Let's hear

650
00:41:16,640 --> 00:41:16,920
Speaker 3: what he.

651
00:41:16,880 --> 00:41:20,000
Speaker 2: Has to say as he's being asked questions by the

652
00:41:20,080 --> 00:41:22,759
Speaker 2: founder and president of something called Health Spirian.

653
00:41:23,520 --> 00:41:28,200
Speaker 3: His name is Tom I think it's Katsumphus, and we'll

654
00:41:28,200 --> 00:41:28,560
Speaker 3: hear the.

655
00:41:28,520 --> 00:41:33,520
Speaker 10: Questions throughout the country, all parts of families, mothers, fathers, sisters, brothers.

656
00:41:33,960 --> 00:41:36,640
Speaker 3: It really is so extraordinarily important, and.

657
00:41:36,600 --> 00:41:38,480
Speaker 10: I know how important it is to you, and so

658
00:41:38,560 --> 00:41:40,960
Speaker 10: we're so grateful for you to spend the time with

659
00:41:41,080 --> 00:41:41,600
Speaker 10: us today.

660
00:41:41,960 --> 00:41:43,800
Speaker 6: But also I think to hear from you.

661
00:41:44,120 --> 00:41:46,799
Speaker 10: About why it's important and sort of where we're going

662
00:41:46,840 --> 00:41:50,360
Speaker 10: with the exciting new announcements that you made just recently

663
00:41:50,400 --> 00:41:53,760
Speaker 10: around the executive order and the focus that you're taking

664
00:41:54,160 --> 00:41:55,480
Speaker 10: to address these issues.

665
00:41:56,920 --> 00:41:57,920
Speaker 3: Talk to us about that.

666
00:41:58,320 --> 00:42:03,799
Speaker 11: I mean, it's just a financial issue. It can be

667
00:42:03,840 --> 00:42:06,680
Speaker 11: reduced to a raw financial issue. It caused about ninety

668
00:42:06,719 --> 00:42:10,520
Speaker 11: two billion dollars a year in direct culture, eight hundred

669
00:42:10,520 --> 00:42:14,160
Speaker 11: and ninety billion a year in indirect costs and lost

670
00:42:14,200 --> 00:42:20,080
Speaker 11: productivity and cost to our healthcare system, and then just

671
00:42:20,160 --> 00:42:23,440
Speaker 11: collateral damage and all the collateral illness is one of

672
00:42:23,440 --> 00:42:26,880
Speaker 11: the things Patrick and I were talking about backstage is

673
00:42:26,960 --> 00:42:31,440
Speaker 11: the intensity of use by drug addicts and alcoholics of

674
00:42:31,480 --> 00:42:35,960
Speaker 11: the health care system that they you know, they're in

675
00:42:36,000 --> 00:42:39,320
Speaker 11: the emergency room all the time. They're also imposing costs

676
00:42:39,360 --> 00:42:44,600
Speaker 11: on our justice system. There, imposing costs on our foster

677
00:42:44,680 --> 00:42:51,120
Speaker 11: care system. They overutilize every aspect of the government, and

678
00:42:52,400 --> 00:42:55,200
Speaker 11: you get them into treatment and all that stops and

679
00:42:55,239 --> 00:42:57,800
Speaker 11: they stop. You know, Patrick was telling me that he

680
00:42:58,480 --> 00:43:02,000
Speaker 11: went to seventeen rehabs and but he was in the

681
00:43:02,000 --> 00:43:05,319
Speaker 11: emergency room once a week with you know, everything from

682
00:43:05,400 --> 00:43:09,680
Speaker 11: kidney infections and contusions on his face from falling, and

683
00:43:09,719 --> 00:43:13,279
Speaker 11: that in fifteen years that he's been sober, he's never

684
00:43:13,320 --> 00:43:17,000
Speaker 11: been to an emergency room. And you know, I see that,

685
00:43:17,160 --> 00:43:23,880
Speaker 11: we all know that that's what happens statics there. They're

686
00:43:24,040 --> 00:43:30,840
Speaker 11: negative producers in there. Just like I said, in economic terms,

687
00:43:30,840 --> 00:43:35,319
Speaker 11: they're drags on the whole system, but also just for

688
00:43:35,400 --> 00:43:39,319
Speaker 11: the morale of our country we are in. What we're

689
00:43:39,320 --> 00:43:42,000
Speaker 11: facing now in this country is not we have the

690
00:43:42,040 --> 00:43:48,719
Speaker 11: worst health outcomes in the history of the world, the

691
00:43:48,760 --> 00:43:52,160
Speaker 11: highest chronic disease burden of any country in the world.

692
00:43:53,000 --> 00:43:55,759
Speaker 11: We pay the highest cost two to three times what

693
00:43:55,880 --> 00:44:01,320
Speaker 11: Europeans pay for healthcare, and we've lost six years Europe

694
00:44:01,320 --> 00:44:04,560
Speaker 11: in terms of our lives. And over the past two

695
00:44:04,600 --> 00:44:10,040
Speaker 11: decades we've we've got the highest inframortality rate and developed world,

696
00:44:10,120 --> 00:44:14,040
Speaker 11: the highest maternal mortality rate in the developed world. And

697
00:44:14,040 --> 00:44:16,960
Speaker 11: then are you know cancer rates. We're having an epidemic

698
00:44:16,960 --> 00:44:19,320
Speaker 11: of colorectal cancer now among children.

699
00:44:20,280 --> 00:44:22,600
Speaker 2: Now we'll get into that, but I do say when

700
00:44:22,640 --> 00:44:27,080
Speaker 2: we talk about people and addictions and issues and health issues,

701
00:44:27,880 --> 00:44:31,440
Speaker 2: I would rather be focused on what keeps people alive

702
00:44:31,640 --> 00:44:34,759
Speaker 2: and healthy as opposed to well these outcomes being better

703
00:44:34,800 --> 00:44:37,439
Speaker 2: productivity for the nation. I'm not interested in keeping people

704
00:44:37,480 --> 00:44:41,080
Speaker 2: alive because they're going to be good workers. Mentioned in

705
00:44:41,080 --> 00:44:43,200
Speaker 2: people being alive because we want people to be alive

706
00:44:43,280 --> 00:44:47,280
Speaker 2: and what creates a better life and the other things

707
00:44:47,320 --> 00:44:49,840
Speaker 2: come from that, and they just I always think that

708
00:44:50,000 --> 00:44:51,720
Speaker 2: needs us a little bit of focus.

709
00:44:51,520 --> 00:44:56,040
Speaker 11: And to fill that lonely hole in the side of them.

710
00:44:56,960 --> 00:45:00,400
Speaker 11: And so you know you're seeing record numbers. A is

711
00:45:00,440 --> 00:45:04,840
Speaker 11: now the highest cause of death overdose is in children

712
00:45:04,920 --> 00:45:09,680
Speaker 11: under in Americans under forty five years old. And we

713
00:45:10,520 --> 00:45:14,440
Speaker 11: can't fix that by treating the addiction alone. We have

714
00:45:14,560 --> 00:45:20,880
Speaker 11: to treat the the the causes of it. We have

715
00:45:20,960 --> 00:45:25,400
Speaker 11: to work on prevention, we have to intervene early, but

716
00:45:25,560 --> 00:45:30,080
Speaker 11: we have to figure out ways to reconnect, particularly our children,

717
00:45:30,120 --> 00:45:30,840
Speaker 11: with community.

718
00:45:31,239 --> 00:45:33,120
Speaker 3: Addiction is about isolation.

719
00:45:33,719 --> 00:45:38,279
Speaker 11: It's a disease of isolation. Addicts end up alone, they

720
00:45:38,280 --> 00:45:43,120
Speaker 11: burn their relationships, they lose their jobs, they end up

721
00:45:43,160 --> 00:45:46,279
Speaker 11: in rooms or jails or institutions or dead.

722
00:45:47,360 --> 00:45:50,200
Speaker 3: And the ultimate.

723
00:45:51,480 --> 00:45:52,520
Speaker 6: Solution to that.

724
00:45:52,520 --> 00:45:56,359
Speaker 11: Is reconnecting people to community. And you know, we have

725
00:45:56,440 --> 00:45:59,239
Speaker 11: to look at how do we do that. Strategy is

726
00:45:59,280 --> 00:46:02,720
Speaker 11: about how do we do that? And Patrick talked about

727
00:46:02,800 --> 00:46:07,600
Speaker 11: outcome directed strategies and that's what we need to focus on.

728
00:46:08,640 --> 00:46:11,440
Speaker 3: The fragmentation is taking occurring.

729
00:46:11,480 --> 00:46:15,040
Speaker 11: And the response to the response is, you know, there's

730
00:46:15,080 --> 00:46:19,960
Speaker 11: no coordination between all of the needs and the institutions,

731
00:46:20,000 --> 00:46:22,799
Speaker 11: and you know that could help with this problem. The

732
00:46:22,880 --> 00:46:29,399
Speaker 11: housing and law enforcement and healthcare and mental health care.

733
00:46:29,400 --> 00:46:32,960
Speaker 11: There's no coordination. And it's a fee base service system.

734
00:46:34,000 --> 00:46:37,400
Speaker 11: So people are just like the medical system. People have

735
00:46:37,480 --> 00:46:42,400
Speaker 11: an economic incentive to make sure you don't get well.

736
00:46:42,920 --> 00:46:44,440
Speaker 3: And that's not saying people.

737
00:46:44,160 --> 00:46:48,560
Speaker 11: Who work in these you know, in as caregivers don't

738
00:46:48,560 --> 00:46:49,399
Speaker 11: want you to be well.

739
00:46:49,440 --> 00:46:50,200
Speaker 3: Of course they do.

740
00:46:51,239 --> 00:46:54,759
Speaker 11: The system itself is designed to keep you sick every time.

741
00:46:54,920 --> 00:46:58,879
Speaker 2: The system itself, secret acaty is designed to keep you sick.

742
00:46:58,920 --> 00:47:01,319
Speaker 2: And there are people in that system all over the

743
00:47:01,360 --> 00:47:04,880
Speaker 2: place who feel better off if you're sick. Which is

744
00:47:04,880 --> 00:47:06,960
Speaker 2: why we need to do things that make us well,

745
00:47:07,000 --> 00:47:09,480
Speaker 2: regardless of what makes them happy. And this is the

746
00:47:09,560 --> 00:47:11,759
Speaker 2: kind of stuff that I think is a winning conversation

747
00:47:12,320 --> 00:47:16,600
Speaker 2: in America really for everybody, but politically for Republicans.

748
00:47:17,400 --> 00:47:19,880
Speaker 3: Just think that it is. This is a winner.

749
00:47:20,840 --> 00:47:22,360
Speaker 2: We'll have more of this and we're going to hear

750
00:47:22,440 --> 00:47:26,600
Speaker 2: more of what Bobby Kennedy has to say. The Secretary

751
00:47:27,200 --> 00:47:28,640
Speaker 2: of Health and Human Services, Robert F.

752
00:47:28,680 --> 00:47:29,759
Speaker 3: Kennedy Junior, keep it here.

753
00:47:29,800 --> 00:47:33,120
Speaker 11: This is Tony Kats today revolutionize sober housing. I am

754
00:47:33,160 --> 00:47:36,040
Speaker 11: a really strong believer in sober housing. I think it's

755
00:47:36,200 --> 00:47:40,400
Speaker 11: you know, we need to not just treat the attic

756
00:47:40,480 --> 00:47:43,600
Speaker 11: and then put him back back into the environment that

757
00:47:43,600 --> 00:47:46,680
Speaker 11: that was making him sick or contributing, let me put

758
00:47:46,680 --> 00:47:50,600
Speaker 11: it this way, contributing to his sick illness. We need

759
00:47:50,640 --> 00:47:51,400
Speaker 11: to give him.

760
00:47:51,200 --> 00:47:54,800
Speaker 3: Some stability or her some stability.

761
00:47:54,400 --> 00:47:58,200
Speaker 11: And from there they can get himployed and they can

762
00:47:58,239 --> 00:48:03,160
Speaker 11: develop relationships, they can develop independence and then they can

763
00:48:03,200 --> 00:48:03,600
Speaker 11: move on.

764
00:48:03,680 --> 00:48:05,759
Speaker 2: But you need that is the Secretary of Health and

765
00:48:05,800 --> 00:48:07,360
Speaker 2: Human Services, Robert F.

766
00:48:07,480 --> 00:48:14,320
Speaker 3: Kennedy, who is speaking now about mental health and addiction,

767
00:48:15,160 --> 00:48:20,640
Speaker 3: discussing new plans for dealing with these things and taking

768
00:48:20,640 --> 00:48:25,120
Speaker 3: a look specifically at where we can create better outcomes

769
00:48:25,200 --> 00:48:29,280
Speaker 3: as opposed to better management. Tony Katz, Tony Katz today,

770
00:48:30,360 --> 00:48:33,040
Speaker 3: this is all part of this is all happening right

771
00:48:33,080 --> 00:48:36,560
Speaker 3: now as we speak, and is all part of where

772
00:48:37,120 --> 00:48:40,239
Speaker 3: HHS has kind of moved into, which is not just

773
00:48:40,760 --> 00:48:43,640
Speaker 3: pushing the same old, same old, but rather taking a

774
00:48:43,680 --> 00:48:46,759
Speaker 3: look at issues, taking a look at at core competencies,

775
00:48:46,800 --> 00:48:51,360
Speaker 3: taking a look at real data, not just what others

776
00:48:51,400 --> 00:48:53,680
Speaker 3: want to believe is data, but the true data, and

777
00:48:53,760 --> 00:48:56,200
Speaker 3: saying how do we go about fixing these things and

778
00:48:56,200 --> 00:48:59,160
Speaker 3: creating better outcomes? Which is why I think he has

779
00:48:59,200 --> 00:49:02,440
Speaker 3: been so successful and why I think that MAHA Make

780
00:49:02,520 --> 00:49:05,839
Speaker 3: America Healthy Again will be so successful for the midterms.

781
00:49:06,000 --> 00:49:08,400
Speaker 3: But let's take it back, as they're talking about addiction

782
00:49:09,280 --> 00:49:11,719
Speaker 3: and the American populace.

783
00:49:11,480 --> 00:49:16,799
Speaker 11: Wise people and the profits and through nature nowhere with

784
00:49:16,920 --> 00:49:21,720
Speaker 11: such texture and grace and joy as through other human beings,

785
00:49:22,520 --> 00:49:25,320
Speaker 11: and when we cut off our relationships with other human beings.

786
00:49:25,360 --> 00:49:26,920
Speaker 3: We lose that access.

787
00:49:26,520 --> 00:49:31,359
Speaker 11: To the divine and that is a healing power. We

788
00:49:31,400 --> 00:49:35,879
Speaker 11: are in a spiritual malaise in this country, and we

789
00:49:35,960 --> 00:49:39,960
Speaker 11: need to give people access to all different ways of

790
00:49:41,000 --> 00:49:46,600
Speaker 11: reconnecting with something that is higher than themselves. And you know,

791
00:49:47,520 --> 00:49:51,320
Speaker 11: I'm reminded of Bill Wilson, who is the founder of

792
00:49:51,320 --> 00:49:55,920
Speaker 11: the twelve seent movement, had a He was in a

793
00:49:55,960 --> 00:50:01,320
Speaker 11: program before he launched AA. It was called the Oxford Group,

794
00:50:01,360 --> 00:50:04,359
Speaker 11: and the Oxford Group had age steps that are from

795
00:50:04,400 --> 00:50:09,160
Speaker 11: which the twelve Steps of AA are taken, and those

796
00:50:09,200 --> 00:50:13,640
Speaker 11: eight steps were intended to induce a spiritual awakening. And

797
00:50:14,080 --> 00:50:18,440
Speaker 11: Bill Wilson had that spiritual awaking, and his compulsion to drink,

798
00:50:18,520 --> 00:50:23,440
Speaker 11: which he'd been fighting for forty years, suddenly just went away,

799
00:50:23,920 --> 00:50:27,760
Speaker 11: just miraculously, and he could not imagine that he would ever.

800
00:50:27,680 --> 00:50:28,560
Speaker 6: Take a drink again.

801
00:50:29,719 --> 00:50:33,480
Speaker 11: And then during that six month period when he was sober,

802
00:50:33,520 --> 00:50:35,080
Speaker 11: he put together a deal.

803
00:50:36,320 --> 00:50:37,400
Speaker 6: To buy the.

804
00:50:37,120 --> 00:50:41,200
Speaker 11: Primary vendors for the Good Year and fire someome tire companies,

805
00:50:41,600 --> 00:50:43,239
Speaker 11: and it would have made the deal was going to

806
00:50:43,239 --> 00:50:45,240
Speaker 11: make him a millionaire and set them up for life.

807
00:50:45,239 --> 00:50:47,440
Speaker 11: This was the height of the Great Depression in nineteen

808
00:50:47,480 --> 00:50:51,839
Speaker 11: thirty two, and he went out to Agron to ink

809
00:50:51,920 --> 00:50:56,320
Speaker 11: the deal, and somebody else had gone in and stolen

810
00:50:56,360 --> 00:50:58,200
Speaker 11: the deal from him, and he had put all of

811
00:50:58,200 --> 00:51:02,520
Speaker 11: his finances in. That deal was crushed. He was standing

812
00:51:02,560 --> 00:51:06,120
Speaker 11: in the lobby of the Mayflower Hotel and Akron and

813
00:51:06,480 --> 00:51:09,239
Speaker 11: all of a sudden, all of that compulsion to drink

814
00:51:09,320 --> 00:51:13,000
Speaker 11: came back to him full force. And he was twenty

815
00:51:13,040 --> 00:51:16,040
Speaker 11: feet away from the lounge, and he could hear the

816
00:51:16,080 --> 00:51:18,440
Speaker 11: ice clinking in the glasses, and he could hear the

817
00:51:18,520 --> 00:51:21,359
Speaker 11: laughter of the patients, and it was screaming at him

818
00:51:21,400 --> 00:51:24,319
Speaker 11: to come in and get a drink. And on his

819
00:51:24,360 --> 00:51:28,840
Speaker 11: way to the lounge, he had the central revelation of

820
00:51:28,920 --> 00:51:33,439
Speaker 11: the twelve step programs, which is he realized the only

821
00:51:33,480 --> 00:51:35,480
Speaker 11: way that he was going to stay sober is if

822
00:51:35,520 --> 00:51:39,200
Speaker 11: he helped another alcoholic, and he went instead of going

823
00:51:39,280 --> 00:51:42,560
Speaker 11: into the lounge, he went into a phone booth and

824
00:51:42,640 --> 00:51:45,440
Speaker 11: he got the Yellow Pages and he looked up preachers,

825
00:51:46,080 --> 00:51:50,560
Speaker 11: the Salvation Army, sanitariums and hospitals looking for a hopeless

826
00:51:50,560 --> 00:51:51,960
Speaker 11: alcoholic that he could talk to.

827
00:51:55,760 --> 00:51:59,360
Speaker 3: That's a crazy story, and he eventually found Bob Smith.

828
00:51:59,400 --> 00:52:03,400
Speaker 11: Talked to Bob Smith, who had tried everything to quit drinking,

829
00:52:03,719 --> 00:52:07,879
Speaker 11: and he was able to persuade Bob Smith to meet

830
00:52:07,920 --> 00:52:09,800
Speaker 11: with him. And when Bob Smith came into the meeting,

831
00:52:09,800 --> 00:52:11,839
Speaker 11: he said, you got fifteen minutes because he ever heard

832
00:52:11,880 --> 00:52:14,160
Speaker 11: it all, he never heard it.

833
00:52:14,080 --> 00:52:15,200
Speaker 3: From another alcoholic.

834
00:52:15,880 --> 00:52:19,759
Speaker 11: And they ended up talking all night, and that was

835
00:52:19,800 --> 00:52:23,160
Speaker 11: the first twelve Step meeting, and they both decided the

836
00:52:23,200 --> 00:52:25,160
Speaker 11: next day the only way they're going to stay subber

837
00:52:25,360 --> 00:52:27,560
Speaker 11: is to find another alcoholic. So they went to the

838
00:52:27,600 --> 00:52:31,960
Speaker 11: hospital and they found a guy who was literally handcuffed

839
00:52:31,960 --> 00:52:35,400
Speaker 11: to a bed and he was a third member. And

840
00:52:37,719 --> 00:52:41,640
Speaker 11: it was this realization that the only way that the

841
00:52:41,680 --> 00:52:46,719
Speaker 11: spiritual awakening works, but it's just a daily reprieve, and

842
00:52:46,800 --> 00:52:50,239
Speaker 11: if it's not renewed every day through the service to

843
00:52:50,320 --> 00:52:53,640
Speaker 11: other people, through service to other alcoholics, so you'll lose it.

844
00:52:54,320 --> 00:52:58,400
Speaker 3: Now, not having ever gone through anything like that, is

845
00:52:58,440 --> 00:53:01,560
Speaker 3: that true? Is that true?

846
00:53:03,280 --> 00:53:07,520
Speaker 2: Because he's having a conversation about how you create purpose.

847
00:53:09,200 --> 00:53:13,440
Speaker 3: Purpose is everything. The purpose driven life is the only

848
00:53:13,480 --> 00:53:20,040
Speaker 3: way one actually has a life. That's it. If you

849
00:53:20,160 --> 00:53:25,600
Speaker 3: don't have purpose, you don't have anything. Every day you

850
00:53:25,680 --> 00:53:27,879
Speaker 3: wake up, what is your plan? What are you trying

851
00:53:27,880 --> 00:53:30,520
Speaker 3: to get accomplished? How are you trying to accomplish it?

852
00:53:31,040 --> 00:53:33,839
Speaker 3: Who are you trying to connect with? What is that?

853
00:53:34,960 --> 00:53:38,239
Speaker 2: Who are you trying to provide for? What are you

854
00:53:38,280 --> 00:53:43,319
Speaker 2: trying to make impact on? Purpose driven life? I mean,

855
00:53:43,320 --> 00:53:45,480
Speaker 2: that's what it's talking about, and that every day that

856
00:53:45,520 --> 00:53:48,200
Speaker 2: the day should have a purpose. The day doesn't have

857
00:53:48,239 --> 00:53:50,520
Speaker 2: a purpose, you might as well just drink the day

858
00:53:50,520 --> 00:53:54,560
Speaker 2: away or snort the day away and let it let.

859
00:53:54,480 --> 00:54:01,360
Speaker 3: It all fall fall away, Let it all just fall

860
00:54:01,440 --> 00:54:07,880
Speaker 3: right away. He's having this serious conversation that's really thoughtful,

861
00:54:10,520 --> 00:54:16,800
Speaker 3: introspective commentary. And yet you go to online.

862
00:54:16,360 --> 00:54:20,920
Speaker 2: Chats and what are they talking about? He sounds funny.

863
00:54:21,120 --> 00:54:25,080
Speaker 2: They can't stop themselves. You want to talk about their addiction,

864
00:54:26,360 --> 00:54:29,759
Speaker 2: addicted to the hate, addicted to the vitriol, addicted to

865
00:54:29,800 --> 00:54:35,200
Speaker 2: the anger, addicted to the attacks, wanting to rip people apart,

866
00:54:35,360 --> 00:54:41,120
Speaker 2: wanting to ridicule people, as opposed to engaging. They have

867
00:54:41,200 --> 00:54:45,000
Speaker 2: no interest. You want to talk about the addiction of

868
00:54:45,040 --> 00:54:50,319
Speaker 2: social media. Even on the live streams. They don't want

869
00:54:50,360 --> 00:54:52,800
Speaker 2: to engage in commentary. They don't want to share ideas.

870
00:54:53,840 --> 00:54:57,480
Speaker 2: How can we destroy what's the difference between Robert F.

871
00:54:57,560 --> 00:54:59,719
Speaker 2: Kenny Junr is talking about and these people in the

872
00:54:59,760 --> 00:55:06,040
Speaker 2: answer because there's none. They're addicted to the damage. They

873
00:55:06,080 --> 00:55:12,520
Speaker 2: get joy from the degradation. It's not a life.

874
00:55:14,040 --> 00:55:17,560
Speaker 3: Help me out. I want to hear more from him.

875
00:55:17,600 --> 00:55:20,440
Speaker 2: I do want to talk about the Grammys, so I'll

876
00:55:20,520 --> 00:55:21,879
Speaker 2: try and get to both.

877
00:55:22,480 --> 00:55:26,680
Speaker 3: Keep it here. I'm Tony Katz. This is Tony Katz Today.

878
00:55:27,640 --> 00:55:30,920
Speaker 3: Now we're all we're all hybrid beings.

879
00:55:30,960 --> 00:55:36,040
Speaker 11: We're half spiritual and half biological, and a lot of

880
00:55:36,040 --> 00:55:40,440
Speaker 11: times our biological being is doesn't have the best judgment.

881
00:55:41,719 --> 00:55:43,759
Speaker 3: And the challenge is how do.

882
00:55:43,719 --> 00:55:46,080
Speaker 11: You walk with one foot in the spiritual world and

883
00:55:46,160 --> 00:55:47,520
Speaker 11: one in the biological world.

884
00:55:47,560 --> 00:55:48,880
Speaker 3: That is Robert F. Kennedy Jr.

885
00:55:49,000 --> 00:55:52,760
Speaker 2: Talking more about mental health and admitted that he goes

886
00:55:52,840 --> 00:56:01,520
Speaker 2: to a meeting, assuming he means an AA meeting, every

887
00:56:01,600 --> 00:56:08,040
Speaker 2: single day every day. Tony Katz, Tony Katz Today.

888
00:56:08,080 --> 00:56:08,799
Speaker 3: Good to be with you.

889
00:56:09,239 --> 00:56:14,400
Speaker 2: Also, the lineup for the halftime show being put together

890
00:56:14,400 --> 00:56:18,319
Speaker 2: by Turning Point, Kid Rock, Brantley, Gilbert Lee Brice, and

891
00:56:18,360 --> 00:56:22,080
Speaker 2: Gabby Barrett. Now I go to produce her landing because

892
00:56:22,080 --> 00:56:23,520
Speaker 2: he knows more about these things than I do.

893
00:56:23,960 --> 00:56:26,000
Speaker 3: Outside of Kid Rock, do I know these other people?

894
00:56:27,040 --> 00:56:29,680
Speaker 3: Gabby Barrett had a big song a couple of years ago.

895
00:56:29,920 --> 00:56:31,840
Speaker 3: You don't really hear much of her, but Braanley Gilbert

896
00:56:31,880 --> 00:56:35,200
Speaker 3: and Lee Brice are pretty big. So this is a thing?

897
00:56:36,200 --> 00:56:38,399
Speaker 3: Oh yeah, like this is this a thing? You're gonna

898
00:56:38,440 --> 00:56:39,959
Speaker 3: watch more than likely?

899
00:56:40,680 --> 00:56:44,799
Speaker 2: All right, this is the All American halftime show. It's

900
00:56:44,880 --> 00:56:48,440
Speaker 2: either this or it's bad, Bunny, and you can choose

901
00:56:48,480 --> 00:56:52,200
Speaker 2: for yourself. I still haven't figured out whether I'm watching

902
00:56:52,239 --> 00:56:54,759
Speaker 2: the thing. I mean, my kid wants to watch it,

903
00:56:54,800 --> 00:56:59,120
Speaker 2: I'm gonna watch it. But Patriots Seahawks? And am I

904
00:56:59,160 --> 00:57:01,239
Speaker 2: really that big of a Am Darnold fan that I

905
00:57:01,280 --> 00:57:02,200
Speaker 2: have to watch this thing?

906
00:57:02,920 --> 00:57:03,080
Speaker 6: Now?

907
00:57:04,680 --> 00:57:07,160
Speaker 2: Would I like to see him take all the Super

908
00:57:07,160 --> 00:57:09,840
Speaker 2: Bowl and just to prove everybody wrong and see how

909
00:57:09,880 --> 00:57:12,440
Speaker 2: many more people they can fire at the Minnesota Vikings?

910
00:57:12,719 --> 00:57:19,120
Speaker 3: Yes, that that in and of itself would be all

911
00:57:19,200 --> 00:57:21,640
Speaker 3: right and worthwhile I wouldn't.

912
00:57:21,640 --> 00:57:25,520
Speaker 2: I would not mind seeing that in the slightest The

913
00:57:25,600 --> 00:57:32,080
Speaker 2: Grammys happened yesterday, and correct, you did not watch. I

914
00:57:32,360 --> 00:57:37,840
Speaker 2: understand that you did not watch, and you understand why

915
00:57:37,880 --> 00:57:43,040
Speaker 2: you didn't watch because they are not connected to you,

916
00:57:44,760 --> 00:57:51,120
Speaker 2: they are not engaged with you. They're not addressing the

917
00:57:51,200 --> 00:57:56,200
Speaker 2: situation on any level. As you would. It is a

918
00:57:56,320 --> 00:58:04,600
Speaker 2: continued lecture from these When Don Lemon was arrested for

919
00:58:05,520 --> 00:58:08,920
Speaker 2: interrupting church services via intimidation, and if you saw my

920
00:58:09,040 --> 00:58:13,720
Speaker 2: videos about this, good I'm glad Don Lemon was arrested.

921
00:58:13,800 --> 00:58:17,880
Speaker 2: Don't tell me he was a journalist. That is all ridiculous.

922
00:58:18,320 --> 00:58:23,240
Speaker 2: He wasn't a journalist when he was proactively, purposefully and

923
00:58:23,360 --> 00:58:29,560
Speaker 2: knowingly disrupting church services, and as the indictment goes, he

924
00:58:29,760 --> 00:58:34,560
Speaker 2: was proactive in keeping people from moving around. He was

925
00:58:34,640 --> 00:58:38,000
Speaker 2: blocking people's way, blocking their path, preventing them from leaving.

926
00:58:38,440 --> 00:58:41,200
Speaker 2: Then has the audacity to do this interview with the

927
00:58:41,280 --> 00:58:45,640
Speaker 2: church pastors as I'm just exercising my First Amendment rights. Absolutely,

928
00:58:45,640 --> 00:58:48,480
Speaker 2: he should have been arrested. He's a low guy. He

929
00:58:48,640 --> 00:58:51,360
Speaker 2: is not a savior. He is not a hero, he

930
00:58:51,520 --> 00:58:56,960
Speaker 2: is not valuable. He isn't And then he shows up

931
00:58:56,960 --> 00:58:59,080
Speaker 2: because remember he got arrested in La he was there

932
00:58:59,120 --> 00:59:01,520
Speaker 2: to cover the Grammy. And then he comes back and

933
00:59:01,560 --> 00:59:04,520
Speaker 2: he makes this ridiculous speech, and he shows up and

934
00:59:04,560 --> 00:59:08,160
Speaker 2: there are people the Grammys who give him a standing ovation.

935
00:59:12,320 --> 00:59:15,560
Speaker 2: It would be one thing to disagree with Trump about policy,

936
00:59:16,080 --> 00:59:21,920
Speaker 2: to disagree with Trump about how one should engage illegal immigration.

937
00:59:23,320 --> 00:59:24,320
Speaker 3: I mean, certainly, if.

938
00:59:24,240 --> 00:59:25,680
Speaker 2: You're not somebody who's we've been willing to call it

939
00:59:25,720 --> 00:59:28,200
Speaker 2: illegal immigration. There you have no leg to stand on

940
00:59:28,560 --> 00:59:31,960
Speaker 2: but the idea that you're okay with walking into churches,

941
00:59:32,160 --> 00:59:36,280
Speaker 2: walking into places of worship, disrupting the services, and keeping

942
00:59:36,320 --> 00:59:38,880
Speaker 2: people from, as we heard in one report, being able

943
00:59:38,920 --> 00:59:39,680
Speaker 2: to see their kids.

944
00:59:40,920 --> 00:59:43,040
Speaker 3: Let's see Don Lemon.

945
00:59:44,760 --> 00:59:48,240
Speaker 2: Do that in a mosque, and let's see these grammy people,

946
00:59:49,200 --> 00:59:57,640
Speaker 2: this celebrity class of pseudo intellectualism support it. They support

947
00:59:58,080 --> 01:00:02,240
Speaker 2: a legal immigration, and then they engage that support with

948
01:00:02,440 --> 01:00:08,640
Speaker 2: the pseudo intellectual commentaries, which brings us to Billie Eilish.

949
01:00:08,800 --> 01:00:11,480
Speaker 2: She's there with her. I think that's her brother who

950
01:00:11,520 --> 01:00:12,840
Speaker 2: writes the music with her.

951
01:00:13,200 --> 01:00:16,920
Speaker 3: And I'm not opposed per se or music.

952
01:00:17,000 --> 01:00:21,280
Speaker 2: Maybe songs I like songs I don't, but this is

953
01:00:21,600 --> 01:00:22,840
Speaker 2: absolute madness.

954
01:00:22,880 --> 01:00:25,160
Speaker 3: Now, I think I've got this edited well, Producer Land

955
01:00:25,160 --> 01:00:27,680
Speaker 3: and the finger on the dumb button. Let's start here

956
01:00:27,720 --> 01:00:29,400
Speaker 3: with Billie Eilish so much.

957
01:00:29,440 --> 01:00:31,000
Speaker 12: I feel so honored every time I get to be

958
01:00:31,000 --> 01:00:34,880
Speaker 12: in this room, and as grateful as I feel, I

959
01:00:34,920 --> 01:00:38,320
Speaker 12: honestly I don't feel like I need to say anything but.

960
01:00:39,800 --> 01:00:50,280
Speaker 3: That no one is illegal on stolen land. And at

961
01:00:50,320 --> 01:00:53,880
Speaker 3: that moment, how am I supposed to take anything?

962
01:00:53,880 --> 01:00:57,960
Speaker 2: Billy Eilish says, seriously, the lack of intellectual heft here,

963
01:00:58,720 --> 01:01:03,920
Speaker 2: it's a dumb comment. What does that even mean? You're

964
01:01:03,960 --> 01:01:09,320
Speaker 2: on stolen land. It's not the United States of America,

965
01:01:10,600 --> 01:01:15,000
Speaker 2: of course, it is no. We took this from Native Americans,

966
01:01:16,000 --> 01:01:17,760
Speaker 2: and they took it from other Native Americans, and they

967
01:01:17,760 --> 01:01:20,520
Speaker 2: took it from other Native Americans. It is a nonsense

968
01:01:20,720 --> 01:01:24,560
Speaker 2: argument meant to denigrate the place that has allowed you.

969
01:01:25,160 --> 01:01:30,520
Speaker 3: To make millions. It is a hatred of place and

970
01:01:30,600 --> 01:01:34,480
Speaker 3: space that is seen as some kind of a valuable

971
01:01:34,480 --> 01:01:38,080
Speaker 3: proposition where it's not mainly because the idea of stolen

972
01:01:38,160 --> 01:01:39,920
Speaker 3: land is nonsense.

973
01:01:40,880 --> 01:01:47,919
Speaker 2: It's mythology. It is not an intellectual pursuit. And on

974
01:01:48,040 --> 01:01:53,440
Speaker 2: this stolen land, Billie Eilish again returns to get a

975
01:01:53,520 --> 01:01:57,560
Speaker 2: grammy and then I was on this stolen land where

976
01:01:57,600 --> 01:02:02,520
Speaker 2: she attended an after party. It's on this stolen land

977
01:02:02,600 --> 01:02:06,600
Speaker 2: where she lives in her six million dollar mansion on

978
01:02:06,640 --> 01:02:11,200
Speaker 2: the beach, where she has armed guards to protect herself

979
01:02:12,400 --> 01:02:16,840
Speaker 2: from you trying to steal her stolen land or anything

980
01:02:16,920 --> 01:02:19,440
Speaker 2: she has been able to make for herself on this

981
01:02:19,520 --> 01:02:21,960
Speaker 2: stolen land, which is clearly ill gotten.

982
01:02:23,440 --> 01:02:29,880
Speaker 3: But she's not done being a pseudo intellectual. And listen

983
01:02:29,960 --> 01:02:34,160
Speaker 3: to all those Lennen cheering about stolen land. They don't leave.

984
01:02:34,440 --> 01:02:36,960
Speaker 2: They keep making the money here, they don't give it back.

985
01:02:37,080 --> 01:02:39,919
Speaker 2: They don't say I have a five bedroom, three point

986
01:02:39,920 --> 01:02:42,600
Speaker 2: two million dollar house, not as big as Billie Eilis says.

987
01:02:42,680 --> 01:02:45,440
Speaker 3: Here you are. I shouldn't be allowed this. It was stolen.

988
01:02:45,600 --> 01:02:48,080
Speaker 3: They don't do that. And they all went to the

989
01:02:48,120 --> 01:02:48,800
Speaker 3: after party.

990
01:02:49,800 --> 01:02:55,280
Speaker 12: And yeah, it's just really hard to know what to

991
01:02:55,320 --> 01:02:57,280
Speaker 12: say and what to do right now. And I just

992
01:02:57,680 --> 01:03:00,920
Speaker 12: I feel really hopeful in this room, and I feel

993
01:03:01,200 --> 01:03:03,720
Speaker 12: like we just need to keep fighting and speaking up

994
01:03:03,760 --> 01:03:07,280
Speaker 12: and protesting, and our voices really do matter, and the

995
01:03:07,320 --> 01:03:08,480
Speaker 12: people matter, and.

996
01:03:10,680 --> 01:03:15,000
Speaker 3: Let's say sorry. And that's why where I had the editarre,

997
01:03:15,440 --> 01:03:23,320
Speaker 3: she says f Ice, and these people, all protected by armguards,

998
01:03:23,880 --> 01:03:29,520
Speaker 3: cheer these people who support illegal immigration. Did you know

999
01:03:29,600 --> 01:03:31,440
Speaker 3: that you couldn't even enter the room.

1000
01:03:32,400 --> 01:03:35,640
Speaker 2: You could not have gotten into the Grammys if they

1001
01:03:35,640 --> 01:03:36,480
Speaker 2: didn't have a picture.

1002
01:03:36,520 --> 01:03:38,000
Speaker 6: I d.

1003
01:03:40,600 --> 01:03:47,480
Speaker 2: Yet illegal immigrants should be allowed to stay and blank Ice.

1004
01:03:48,600 --> 01:03:51,600
Speaker 2: That is Billie Eilish pushing for more people to engage

1005
01:03:51,600 --> 01:03:54,800
Speaker 2: in violence against immigrations and customs enforcement and law enforcement.

1006
01:03:56,720 --> 01:04:00,480
Speaker 2: Doesn't Billie Eilish know she's a bad person. Probably never

1007
01:04:00,520 --> 01:04:03,640
Speaker 2: heard that before. You're a bad person, Billie Eilis. You're

1008
01:04:03,680 --> 01:04:07,240
Speaker 2: not good, you're not decent. You're not educating people or

1009
01:04:07,280 --> 01:04:07,960
Speaker 2: helping people.

1010
01:04:08,240 --> 01:04:12,120
Speaker 3: You're engaged in an absolute bit of violence here and

1011
01:04:12,240 --> 01:04:15,600
Speaker 3: pushing for violence to take place against law enforcement.

1012
01:04:16,000 --> 01:04:20,000
Speaker 2: You're pushing for a legal immigration for lawbreakers. Do they

1013
01:04:20,040 --> 01:04:23,040
Speaker 2: all get to now live at your house because you're

1014
01:04:23,080 --> 01:04:25,240
Speaker 2: saying you should open.

1015
01:04:25,160 --> 01:04:29,680
Speaker 3: Up the house. Oh no, no, person's illegal, it's stolen land.

1016
01:04:29,960 --> 01:04:32,280
Speaker 3: We can't be going after these people open up your

1017
01:04:32,280 --> 01:04:35,640
Speaker 3: house and let them live there. What argument are you

1018
01:04:35,720 --> 01:04:40,880
Speaker 3: actually providing If you're not willing to do this, it

1019
01:04:40,960 --> 01:04:45,160
Speaker 3: is clear and it is obvious that your argument is foolhardy.

1020
01:04:45,280 --> 01:04:49,600
Speaker 3: Your argument is based on a childlike look at the world.

1021
01:04:50,360 --> 01:04:51,240
Speaker 3: Not only should you.

1022
01:04:51,160 --> 01:04:54,120
Speaker 2: Not be taken seriously, parents need to go to their

1023
01:04:54,200 --> 01:04:57,880
Speaker 2: children and say, you know, she's ridiculous, right, She gets

1024
01:04:57,880 --> 01:05:01,760
Speaker 2: to look at the world behind her safety and security,

1025
01:05:02,280 --> 01:05:06,240
Speaker 2: while you don't have that safety and security. She is

1026
01:05:06,400 --> 01:05:10,600
Speaker 2: the elitist, she's the snob. You don't want to know

1027
01:05:10,640 --> 01:05:12,479
Speaker 2: what a limousine liberal is there?

1028
01:05:12,520 --> 01:05:12,959
Speaker 3: It is.

1029
01:05:14,600 --> 01:05:14,760
Speaker 6: Now.

1030
01:05:14,840 --> 01:05:17,240
Speaker 2: Someone in the chat rooms said, you're yelling about a

1031
01:05:17,240 --> 01:05:17,840
Speaker 2: pop star.

1032
01:05:20,200 --> 01:05:26,640
Speaker 3: Actually I am sharing a problem, which is she has fans,

1033
01:05:28,240 --> 01:05:33,320
Speaker 3: and this fan base gets ginned up by these kinds

1034
01:05:33,320 --> 01:05:38,480
Speaker 3: of statements, these kinds of statements that aren't just Billie

1035
01:05:38,480 --> 01:05:40,440
Speaker 3: Eilish is alone.

1036
01:05:40,560 --> 01:05:44,440
Speaker 2: They are members of Congress who believe we should shut

1037
01:05:44,520 --> 01:05:49,760
Speaker 2: down the government until ICE is defunded. These are people

1038
01:05:49,960 --> 01:05:53,640
Speaker 2: who are desperate to defund the police.

1039
01:05:55,200 --> 01:05:56,800
Speaker 3: Why are we discussing it.

1040
01:05:59,040 --> 01:06:02,440
Speaker 2: Because look at the celebrity culture there and all the

1041
01:06:02,600 --> 01:06:06,160
Speaker 2: millions upon millions upon millions of people who follow them

1042
01:06:06,760 --> 01:06:11,480
Speaker 2: on Instagram and all sorts of social media where this

1043
01:06:11,560 --> 01:06:20,120
Speaker 2: kind of nonsense gets spewed. How can we not notice if.

1044
01:06:20,200 --> 01:06:25,120
Speaker 3: If Billie Eilish disagrees with me politically and wants to

1045
01:06:25,200 --> 01:06:28,040
Speaker 3: vote for Kamala Harris over Trump or any bails over Trump,

1046
01:06:28,040 --> 01:06:30,680
Speaker 3: she's more than entitled to do so, absolutely has that

1047
01:06:30,800 --> 01:06:35,560
Speaker 3: right to do so. But when you take to the Grammys.

1048
01:06:35,400 --> 01:06:38,480
Speaker 2: And instead of just saying thank you, it's we're on

1049
01:06:38,640 --> 01:06:44,880
Speaker 2: stolen land and blank Ice. Yes, I'm bothered that this

1050
01:06:45,200 --> 01:06:47,600
Speaker 2: child fool has such an.

1051
01:06:47,360 --> 01:06:51,120
Speaker 3: Incredible base of people by which she can spew this message.

1052
01:06:51,560 --> 01:06:54,760
Speaker 3: But she's an adult engaged in childlike problem and we

1053
01:06:54,800 --> 01:06:58,680
Speaker 3: should say no to it, and she should stop thinking

1054
01:06:58,720 --> 01:07:02,400
Speaker 3: that somehow she is of some kind of deep feeling

1055
01:07:02,720 --> 01:07:10,280
Speaker 3: that she is moral and pious. She is neither one.

1056
01:07:10,400 --> 01:07:14,240
Speaker 3: You're not, billy. It is not pious to say blank ice.

1057
01:07:15,760 --> 01:07:20,400
Speaker 3: It is not decent. It is not moral to tell

1058
01:07:20,440 --> 01:07:21,880
Speaker 3: people that they.

1059
01:07:21,720 --> 01:07:25,040
Speaker 2: Have to live amongst people who are here illegally, many

1060
01:07:25,240 --> 01:07:28,760
Speaker 2: not all engaged in a level of criminality, including coming

1061
01:07:28,760 --> 01:07:32,600
Speaker 2: into the country illegally while you are protected by armed

1062
01:07:32,600 --> 01:07:33,480
Speaker 2: guards and gates.

1063
01:07:34,800 --> 01:07:39,560
Speaker 3: It's obscene thing to do. Stolen land, and yet you

1064
01:07:39,640 --> 01:07:43,120
Speaker 3: make no effort to give it back. You should give

1065
01:07:43,200 --> 01:07:47,000
Speaker 3: up your home, You should live by your principles, but

1066
01:07:47,120 --> 01:07:51,320
Speaker 3: you don't. You simply say things that get applause from

1067
01:07:51,520 --> 01:07:56,080
Speaker 3: lemmings without minds and without convictions, and without ever hearing

1068
01:07:56,120 --> 01:08:02,280
Speaker 3: a second point of view. That's why it gets discussed,

1069
01:08:03,680 --> 01:08:11,040
Speaker 3: as it should get discussed. That what Billie Eilish said

1070
01:08:11,440 --> 01:08:15,440
Speaker 3: was disgusting. That was a little eminem takeoff right there.

1071
01:08:17,160 --> 01:08:17,519
Speaker 6: It was.

1072
01:08:19,000 --> 01:08:21,840
Speaker 2: She shouldn't be celebrated for it, and the people in

1073
01:08:21,880 --> 01:08:24,720
Speaker 2: that room. Ricky Gervais was right about all of them.

1074
01:08:25,840 --> 01:08:30,120
Speaker 3: They are bad people with a lot of sway over

1075
01:08:30,160 --> 01:08:34,799
Speaker 3: your kids and you as a parent.

1076
01:08:34,960 --> 01:08:38,760
Speaker 2: It's a grandparent, an aunt and uncle, friend. He needs

1077
01:08:38,840 --> 01:08:42,920
Speaker 2: be willing to without anger push back on it. Billie

1078
01:08:42,960 --> 01:08:47,080
Speaker 2: Eilish was shameful and she is not somebody that anybody

1079
01:08:47,120 --> 01:08:51,240
Speaker 2: should look up to. After that commentary, I'm Tony Katz,

1080
01:08:51,240 --> 01:08:53,920
Speaker 2: and this is Tony Katz today. Donald Trump wants to

1081
01:08:53,960 --> 01:08:58,000
Speaker 2: sue the IRS for ten million dollars. I see a

1082
01:08:58,760 --> 01:09:02,400
Speaker 2: flaw in there, Tony Katz, Tony Katz today. Now this

1083
01:09:02,479 --> 01:09:05,360
Speaker 2: is because the IRS releases tax returns.

1084
01:09:06,920 --> 01:09:07,679
Speaker 3: This happened.

1085
01:09:08,479 --> 01:09:10,679
Speaker 2: There's a guy who is right now dealing with five

1086
01:09:10,800 --> 01:09:15,400
Speaker 2: years in prison for releasing the tax returns. And I

1087
01:09:15,479 --> 01:09:17,120
Speaker 2: want to say, for the record, I don't think five

1088
01:09:17,160 --> 01:09:17,920
Speaker 2: years is enough.

1089
01:09:20,920 --> 01:09:33,280
Speaker 3: It's not. Five years is not enough. You you release,

1090
01:09:33,520 --> 01:09:36,920
Speaker 3: you leak someone's tax return, one hundred years in jail

1091
01:09:37,200 --> 01:09:39,280
Speaker 3: or worse. That's that.

1092
01:09:41,000 --> 01:09:44,400
Speaker 2: But Trump is saying, now you've done this, it's a crime.

1093
01:09:44,520 --> 01:09:49,880
Speaker 2: Ten billion dollars. I believe that Donald Trump was wronged.

1094
01:09:51,000 --> 01:09:54,680
Speaker 2: And I'm not saying that Donald Trump can't sue. Not

1095
01:09:54,760 --> 01:09:57,839
Speaker 2: when you're president of the United States. And the acting

1096
01:09:57,960 --> 01:10:00,960
Speaker 2: director was the Commissioner of the IRS works for you,

1097
01:10:01,040 --> 01:10:05,759
Speaker 2: because the acting commissioner is the Secretary of the treasure

1098
01:10:06,760 --> 01:10:11,760
Speaker 2: is Scott Bessen. So no, no, no, no, no, no,

1099
01:10:12,160 --> 01:10:12,679
Speaker 2: you can't.

1100
01:10:14,320 --> 01:10:16,559
Speaker 3: This is different than whether or not the IRS is wrong.

1101
01:10:17,080 --> 01:10:20,200
Speaker 3: The IRS is wrong, and there will come a moment

1102
01:10:20,520 --> 01:10:29,160
Speaker 3: where I believe you can sue people are leaking tax returns.

1103
01:10:29,760 --> 01:10:32,120
Speaker 3: I mean to me, this is the reason to get

1104
01:10:32,200 --> 01:10:38,439
Speaker 3: rid of the income tax. Oh, I would get rid

1105
01:10:38,479 --> 01:10:41,600
Speaker 3: of the income tax immediately.

1106
01:10:41,600 --> 01:10:48,280
Speaker 2: The federal income tax is obscene. Sixteenth Amendment gone. No

1107
01:10:48,400 --> 01:10:50,680
Speaker 2: good has come from the income tax. It uses a

1108
01:10:50,680 --> 01:10:52,200
Speaker 2: cudgel against American.

1109
01:10:51,840 --> 01:10:58,400
Speaker 3: Citizens, and as we have seen, it's utilized for political purposes,

1110
01:10:59,520 --> 01:11:04,640
Speaker 3: very very very sensitive data. I think we should I

1111
01:11:04,680 --> 01:11:07,080
Speaker 3: think we should say no. If states want to have

1112
01:11:07,120 --> 01:11:11,600
Speaker 3: an income tax, they're allowed to federal government absolutely not,

1113
01:11:11,600 --> 01:11:14,599
Speaker 3: not a chance. And I know I have people look

1114
01:11:14,600 --> 01:11:16,280
Speaker 3: at me like I'm crazy. How are we gonna fund this?

1115
01:11:16,320 --> 01:11:18,200
Speaker 3: How are we gonna fund that? Maybe we should fund

1116
01:11:18,320 --> 01:11:22,200
Speaker 3: less things. Maybe we should be article on Section eight people.

1117
01:11:23,280 --> 01:11:26,240
Speaker 2: Maybe we should get back to a whole series of

1118
01:11:26,280 --> 01:11:28,719
Speaker 2: taxes that can be utilized instead of an income tax

1119
01:11:29,120 --> 01:11:31,080
Speaker 2: where the government has no right to be a silent

1120
01:11:31,120 --> 01:11:36,200
Speaker 2: partner in my labor, and then we'll fund things properly,

1121
01:11:37,920 --> 01:11:41,000
Speaker 2: not everything you want to still give you can.

1122
01:11:40,960 --> 01:11:43,679
Speaker 3: Do private charity. I'm cool with that. That keep it here.

1123
01:11:44,000 --> 01:11:46,960
Speaker 3: This is Tony Cats today.

1124
01:11:50,960 --> 01:11:56,559
Speaker 1: Why from vall Hartbeyer and the Crossroads of America. It's

1125
01:11:56,640 --> 01:12:00,960
Speaker 1: Tony Katz today. I found it very strange that Disney

1126
01:12:01,040 --> 01:12:01,840
Speaker 1: stock was up.

1127
01:12:02,479 --> 01:12:05,040
Speaker 2: Of course, this says to everybody who said I'm gonna

1128
01:12:05,160 --> 01:12:08,120
Speaker 2: boycott Disney and I'm not gonna stream Disney. Well people

1129
01:12:08,200 --> 01:12:12,200
Speaker 2: didn't do that. The streaming is up. Their numbers are up.

1130
01:12:12,240 --> 01:12:15,240
Speaker 2: But also up is the amount of people going to

1131
01:12:15,240 --> 01:12:19,600
Speaker 2: the theme parks. They attribute the stock price rising to

1132
01:12:19,760 --> 01:12:21,280
Speaker 2: people attending the theme parks.

1133
01:12:21,280 --> 01:12:23,840
Speaker 3: Have you tried to attend a Disney theme park?

1134
01:12:24,080 --> 01:12:26,280
Speaker 2: I would, but I work in radio and we just

1135
01:12:26,280 --> 01:12:29,400
Speaker 2: don't have the money for it. Tony Kats, Tony Kats today.

1136
01:12:29,720 --> 01:12:31,720
Speaker 2: Good to be with you, EJ. And TONI joins you

1137
01:12:31,840 --> 01:12:35,679
Speaker 2: right now chief economists at Heritage. And there's a series

1138
01:12:35,680 --> 01:12:39,439
Speaker 2: of subjects to get to, including the President selecting Kevin

1139
01:12:39,479 --> 01:12:43,559
Speaker 2: worsh to lead the FED, and that's going to require

1140
01:12:43,600 --> 01:12:45,559
Speaker 2: Senate confirmation. I want to hear your thoughts on that.

1141
01:12:45,600 --> 01:12:50,559
Speaker 2: But let's talk about this economy for a moment. We

1142
01:12:50,680 --> 01:12:55,719
Speaker 2: have talked often about the economic issues all across the country.

1143
01:12:56,320 --> 01:12:58,920
Speaker 2: I'm one of the people who says this economy isn't great.

1144
01:13:00,200 --> 01:13:03,360
Speaker 2: See that tariffs didn't necessarily blow up inflation. And I'm

1145
01:13:03,400 --> 01:13:05,920
Speaker 2: still not a fan of tariffs. And the President can

1146
01:13:05,960 --> 01:13:08,799
Speaker 2: yell at me all he wants. But this is weird

1147
01:13:09,439 --> 01:13:11,680
Speaker 2: because we all know that the prices to go to

1148
01:13:11,720 --> 01:13:15,160
Speaker 2: Disney World or Disneyland have gone up. It's outrageously expensive

1149
01:13:15,200 --> 01:13:18,280
Speaker 2: to do never mind hotels, never mind the food once

1150
01:13:18,320 --> 01:13:20,799
Speaker 2: you're in a park, never mind just the actual park itself,

1151
01:13:21,400 --> 01:13:25,920
Speaker 2: and that attendance is up, and this economy is questionable.

1152
01:13:25,920 --> 01:13:28,439
Speaker 2: Those two things don't make sense to me. I was

1153
01:13:28,479 --> 01:13:32,080
Speaker 2: hoping you could square the circle. What does this move?

1154
01:13:32,240 --> 01:13:36,080
Speaker 2: This this statement about Disney, as CNBC reported, tell you

1155
01:13:36,160 --> 01:13:37,599
Speaker 2: about the economy in general.

1156
01:13:38,240 --> 01:13:39,800
Speaker 6: Oh, Tony, thanks for having me back.

1157
01:13:39,840 --> 01:13:42,360
Speaker 13: Look, this is I think another example of the kind

1158
01:13:42,439 --> 01:13:47,519
Speaker 13: of bifurcated economy that we've been dealing with ever since COVID.

1159
01:13:47,560 --> 01:13:50,400
Speaker 13: If we roll back the clock to twenty nineteen, you

1160
01:13:50,520 --> 01:13:55,320
Speaker 13: had an economy we're both lower income as well as

1161
01:13:55,360 --> 01:13:59,720
Speaker 13: middle income and upper income folks were all doing better.

1162
01:14:00,000 --> 01:14:03,200
Speaker 13: Other words, we saw income gains across the board, right,

1163
01:14:03,240 --> 01:14:07,559
Speaker 13: and everybody's income was rising faster than prices in terms

1164
01:14:07,600 --> 01:14:12,320
Speaker 13: of looking at people as a class, right, again that

1165
01:14:12,520 --> 01:14:16,240
Speaker 13: threefold distinction between lower, middle and upper income folks. But

1166
01:14:16,680 --> 01:14:21,040
Speaker 13: after COVID what happened was only the folks really in

1167
01:14:21,080 --> 01:14:26,120
Speaker 13: the upper income bracket. We're seeing their incomes actually outpace

1168
01:14:27,040 --> 01:14:30,439
Speaker 13: their income gains, I should say, outpace price increases. In

1169
01:14:30,479 --> 01:14:35,160
Speaker 13: other words, middle class families fell behind, lower income folks

1170
01:14:35,439 --> 01:14:40,439
Speaker 13: fell behind. And that really has continued almost until today.

1171
01:14:40,560 --> 01:14:44,439
Speaker 13: It has only been very very recently, just a matter

1172
01:14:44,479 --> 01:14:47,639
Speaker 13: of the last several months, that we have seen income

1173
01:14:47,720 --> 01:14:52,200
Speaker 13: gains across the board that are outpacing inflation. And so

1174
01:14:52,360 --> 01:14:55,479
Speaker 13: this idea that somehow, just because Trump came into office

1175
01:14:55,520 --> 01:14:58,600
Speaker 13: in January of twenty twenty five a year ago, that

1176
01:14:58,680 --> 01:15:03,080
Speaker 13: all of a sudden everything magic became better. No, there's

1177
01:15:03,120 --> 01:15:07,040
Speaker 13: absolutely no evidence for that. It took a while for

1178
01:15:07,200 --> 01:15:10,960
Speaker 13: Biden to really wreck the economy. He started spending with

1179
01:15:11,040 --> 01:15:14,880
Speaker 13: his multi trillion dollars spending packages literally in his first

1180
01:15:14,920 --> 01:15:18,720
Speaker 13: month in office, but inflation doesn't peak until a year

1181
01:15:18,720 --> 01:15:21,679
Speaker 13: and a half later. It's not as if making changes

1182
01:15:21,760 --> 01:15:24,599
Speaker 13: right away is immediately going to produce all of the

1183
01:15:24,640 --> 01:15:27,639
Speaker 13: effects that you want or sometimes don't want. These things

1184
01:15:27,680 --> 01:15:30,200
Speaker 13: take time. Well it's the exact same thing now with

1185
01:15:30,280 --> 01:15:33,240
Speaker 13: President Trump. It is taking time for all of the

1186
01:15:33,280 --> 01:15:38,439
Speaker 13: different policy changes to actually have their effects, to slow inflation,

1187
01:15:38,640 --> 01:15:42,680
Speaker 13: to bring certain prices down. These things do not happen overnight.

1188
01:15:43,080 --> 01:15:47,000
Speaker 13: Now again we are finally seeing I think things move

1189
01:15:47,080 --> 01:15:50,559
Speaker 13: in the right direction, but you haven't yet regained all

1190
01:15:50,560 --> 01:15:52,719
Speaker 13: the lost ground. I'll give you just one real quick

1191
01:15:52,720 --> 01:15:54,800
Speaker 13: stat that I think sums it up to me. If

1192
01:15:55,439 --> 01:15:59,720
Speaker 13: you look at what the average Americans' weekly paycheck can

1193
01:15:59,720 --> 01:16:03,320
Speaker 13: act actually buy, and you look at what happened to

1194
01:16:03,360 --> 01:16:05,840
Speaker 13: that weekly paycheck again, what it could buy, in other words,

1195
01:16:05,840 --> 01:16:09,160
Speaker 13: adjusted for inflation over the four years of Joe Biden,

1196
01:16:09,560 --> 01:16:12,479
Speaker 13: it fell about a cumulative four percent or so. And

1197
01:16:12,520 --> 01:16:15,200
Speaker 13: that's just according to the official metrics. Right if you

1198
01:16:15,240 --> 01:16:17,280
Speaker 13: look at what has it done under the first year

1199
01:16:17,439 --> 01:16:20,120
Speaker 13: under President Trump, it's gone up about one and a

1200
01:16:20,160 --> 01:16:22,800
Speaker 13: half percent. So again that tells you, I think two things.

1201
01:16:22,880 --> 01:16:25,439
Speaker 13: Number One, we were moving in the wrong direction. Now

1202
01:16:25,479 --> 01:16:28,000
Speaker 13: we're moving in the right direction. So positive change there.

1203
01:16:28,240 --> 01:16:30,880
Speaker 13: But the second thing, it tells you is that you

1204
01:16:31,120 --> 01:16:34,559
Speaker 13: have not yet regained all the lost ground from the

1205
01:16:34,640 --> 01:16:36,440
Speaker 13: previous four years, which.

1206
01:16:36,240 --> 01:16:38,840
Speaker 3: Now you have to stop. You how in the world

1207
01:16:38,880 --> 01:16:40,759
Speaker 3: do people afford Disney at that moment?

1208
01:16:41,040 --> 01:16:43,200
Speaker 2: So, I mean, I might be asking a question about

1209
01:16:43,200 --> 01:16:47,280
Speaker 2: personal responsibility and a question about where people's motives are.

1210
01:16:47,720 --> 01:16:50,400
Speaker 2: Their answer was I now finally have a couple more

1211
01:16:50,439 --> 01:16:52,400
Speaker 2: bucks in my pocket, or feel that I will have

1212
01:16:52,439 --> 01:16:55,479
Speaker 2: a couple more bucks in my pocket. Let's go spend

1213
01:16:55,840 --> 01:16:59,040
Speaker 2: the unbelievable increase in prices at Disney.

1214
01:16:59,120 --> 01:17:00,599
Speaker 3: Let's go put our mind there.

1215
01:17:01,560 --> 01:17:03,800
Speaker 13: So, Tony, this is where we just have to come

1216
01:17:03,840 --> 01:17:07,719
Speaker 13: to the well, we got to face facts. Basically, Disney

1217
01:17:07,960 --> 01:17:11,160
Speaker 13: is increasingly like I'm trying to think of another good

1218
01:17:11,160 --> 01:17:13,880
Speaker 13: example here, maybe taking a family to the ballpark to

1219
01:17:13,920 --> 01:17:16,400
Speaker 13: watch a game. When I was a kid, when you

1220
01:17:16,439 --> 01:17:19,800
Speaker 13: were a kid, you could go to the ballpark, You

1221
01:17:19,800 --> 01:17:23,040
Speaker 13: could bring your entire family, and you could afford to

1222
01:17:23,080 --> 01:17:25,680
Speaker 13: eat there and everything right, and it was relatively inexpensive.

1223
01:17:25,760 --> 01:17:28,360
Speaker 13: You could do an outing out at a baseball game.

1224
01:17:28,680 --> 01:17:32,080
Speaker 13: A family can't really do that the day unless you're

1225
01:17:32,120 --> 01:17:33,920
Speaker 13: willing to shell out a whole heck of a lot.

1226
01:17:33,960 --> 01:17:36,160
Speaker 13: More so for a lot of families that you're simply

1227
01:17:36,200 --> 01:17:39,320
Speaker 13: out of reach. My point is that things like going

1228
01:17:39,320 --> 01:17:41,600
Speaker 13: to Disney, going to a ballgame that used to be

1229
01:17:41,680 --> 01:17:45,160
Speaker 13: relatively inexpensive are today luxuries.

1230
01:17:45,600 --> 01:17:46,920
Speaker 3: And so when we look.

1231
01:17:46,760 --> 01:17:50,040
Speaker 13: At why is it certain luxury purchases like going to

1232
01:17:50,080 --> 01:17:54,320
Speaker 13: Disney are actually increasing today, again, that speaks to the

1233
01:17:54,320 --> 01:17:57,920
Speaker 13: fact that you still have a kind of bifurcated economy

1234
01:17:58,200 --> 01:18:01,559
Speaker 13: where the rich, the wealth, the high income earners over

1235
01:18:01,640 --> 01:18:05,080
Speaker 13: the last five or six years have done extraordinarily well,

1236
01:18:05,600 --> 01:18:08,519
Speaker 13: and you are still waiting for the lower income folks

1237
01:18:08,520 --> 01:18:10,360
Speaker 13: and middle class families.

1238
01:18:10,080 --> 01:18:11,000
Speaker 6: To catch up to that.

1239
01:18:11,200 --> 01:18:14,400
Speaker 13: If you look at who is actually going to Disney today,

1240
01:18:14,840 --> 01:18:18,599
Speaker 13: it is not the blue collar guy making seventy thousand

1241
01:18:18,640 --> 01:18:20,800
Speaker 13: dollars bringing his family of four.

1242
01:18:21,000 --> 01:18:23,719
Speaker 3: It's not it's people making six figures.

1243
01:18:23,720 --> 01:18:26,880
Speaker 13: Oftentimes couples who both the mom and the dad are

1244
01:18:26,920 --> 01:18:30,240
Speaker 13: each making six figures, who are taking their kids to dizil.

1245
01:18:30,439 --> 01:18:34,400
Speaker 2: So, let me know, bring this to a kind of corollary,

1246
01:18:34,560 --> 01:18:37,280
Speaker 2: maybe that's the right word. Talking to ej antony hif

1247
01:18:37,320 --> 01:18:44,360
Speaker 2: economists the idea of income gap versus wage gap, because

1248
01:18:44,400 --> 01:18:47,840
Speaker 2: we'll often hear about pay inequities, right, it's one of

1249
01:18:47,880 --> 01:18:49,639
Speaker 2: the things that the left Leff's talk about, and the.

1250
01:18:49,600 --> 01:18:51,160
Speaker 3: Wage gap between men and women.

1251
01:18:51,479 --> 01:18:53,160
Speaker 2: But there, you know, we can go back to the

1252
01:18:53,160 --> 01:18:57,080
Speaker 2: conversations of Thomas Sowell and the decisions that are made

1253
01:18:57,120 --> 01:19:00,680
Speaker 2: in families, decisions made by women also of things that

1254
01:19:00,800 --> 01:19:05,400
Speaker 2: lead to this disparity in numbers. But it's interesting that

1255
01:19:05,439 --> 01:19:08,960
Speaker 2: there is certainly a difference between wage gap and income

1256
01:19:09,040 --> 01:19:12,679
Speaker 2: gap and this idea of not the Bell.

1257
01:19:12,600 --> 01:19:15,240
Speaker 3: Curve, but what's known as the K curve.

1258
01:19:15,600 --> 01:19:19,400
Speaker 2: And the idea that you can have rich growing, poor growing,

1259
01:19:19,439 --> 01:19:23,280
Speaker 2: the middle class shrinking, and that usually leads to unrest

1260
01:19:23,600 --> 01:19:27,000
Speaker 2: and things not being very good. First, do you believe

1261
01:19:27,200 --> 01:19:31,120
Speaker 2: that this K graph conversation is one that's representative as

1262
01:19:31,120 --> 01:19:35,400
Speaker 2: you're discussing it, of where the American economy is right now,

1263
01:19:35,680 --> 01:19:38,280
Speaker 2: the difference between a wage gap and an income gap,

1264
01:19:38,640 --> 01:19:43,559
Speaker 2: and is Trump's economy on its way to settling both

1265
01:19:43,560 --> 01:19:44,439
Speaker 2: of these things down.

1266
01:19:45,520 --> 01:19:47,920
Speaker 13: Well, I would say, Tony that the problem that you're

1267
01:19:47,960 --> 01:19:51,160
Speaker 13: describing is not as bad today as it was a

1268
01:19:51,240 --> 01:19:53,439
Speaker 13: year ago, and is much less so than it was

1269
01:19:53,760 --> 01:19:58,840
Speaker 13: two or three years ago, but it still exists. It's

1270
01:19:58,880 --> 01:20:01,559
Speaker 13: not as if just because you know, prices that basically

1271
01:20:01,600 --> 01:20:05,160
Speaker 13: stopped rising at this point. The inflation rates are incredibly

1272
01:20:05,240 --> 01:20:08,200
Speaker 13: low today, much lower than the official metrics if you

1273
01:20:08,240 --> 01:20:12,320
Speaker 13: look at something like the true inflation price index. But

1274
01:20:12,560 --> 01:20:15,519
Speaker 13: at the end of the day, again, just because things

1275
01:20:15,560 --> 01:20:18,800
Speaker 13: are not getting worse for everybody does not mean that

1276
01:20:18,920 --> 01:20:22,760
Speaker 13: everything is getting better for everybody. So that's basically where

1277
01:20:22,800 --> 01:20:25,759
Speaker 13: we are at today. There is a lot of lost

1278
01:20:25,800 --> 01:20:28,360
Speaker 13: ground that we're going to need to make up before

1279
01:20:28,439 --> 01:20:33,000
Speaker 13: people are made whole as it were. And so yes,

1280
01:20:33,160 --> 01:20:38,200
Speaker 13: the kind of case shape there still exists. That bifurcated

1281
01:20:38,200 --> 01:20:41,320
Speaker 13: economy as I like to call it, still exists. Those

1282
01:20:41,479 --> 01:20:47,040
Speaker 13: differentials between wages and incomes still exist. Are they getting better? Yes,

1283
01:20:47,600 --> 01:20:49,120
Speaker 13: but it is still not great.

1284
01:20:50,120 --> 01:20:53,920
Speaker 2: Let's now move over to the future of this economy.

1285
01:20:54,479 --> 01:20:58,080
Speaker 2: It's very clear that President Trump has no love lost

1286
01:20:58,240 --> 01:21:01,120
Speaker 2: for Drome Pal Chairman of the Federals. There he has

1287
01:21:01,400 --> 01:21:04,519
Speaker 2: nominated Kevin Walsh to that position.

1288
01:21:04,560 --> 01:21:06,160
Speaker 3: He would need Senate confirmation.

1289
01:21:06,439 --> 01:21:10,839
Speaker 2: This is a process that is certainly not an easy

1290
01:21:10,880 --> 01:21:15,719
Speaker 2: one in today's world. Walsh is interesting because not only

1291
01:21:15,760 --> 01:21:19,200
Speaker 2: as he addressed the idea of bringing down rates, he

1292
01:21:19,240 --> 01:21:22,439
Speaker 2: has also addressed the idea that the Federal Reserve has

1293
01:21:22,479 --> 01:21:25,240
Speaker 2: too much on the balance sheet, and that has to

1294
01:21:25,280 --> 01:21:30,480
Speaker 2: go away in order for things to really be economically superior.

1295
01:21:30,880 --> 01:21:34,120
Speaker 2: Talk to me about what you know about Kevin Walsh,

1296
01:21:34,160 --> 01:21:38,439
Speaker 2: his theories that would lead the FED, and what kind

1297
01:21:38,439 --> 01:21:40,839
Speaker 2: of changes one could expect under his leadership.

1298
01:21:41,520 --> 01:21:44,519
Speaker 13: Well, Tony, I've actually had the pleasure to sit down

1299
01:21:44,600 --> 01:21:48,640
Speaker 13: with Kevin Walsh several times now over dinner and have

1300
01:21:48,760 --> 01:21:53,080
Speaker 13: some really in depth discussions on monetary policy, and I

1301
01:21:53,160 --> 01:21:56,680
Speaker 13: have been very, very impressed with the man. You know,

1302
01:21:56,720 --> 01:21:59,759
Speaker 13: this is a guy we forget because it happened seemingly

1303
01:21:59,800 --> 01:22:02,360
Speaker 13: so long ago. But this is a guy who during

1304
01:22:02,400 --> 01:22:05,720
Speaker 13: the global financial crisis and the mortgage meltdown. So we're

1305
01:22:05,760 --> 01:22:08,639
Speaker 13: going back to, you know, two thousand and seventy eight nine.

1306
01:22:08,720 --> 01:22:11,760
Speaker 13: Here he was the one saying to the rest of

1307
01:22:11,760 --> 01:22:13,679
Speaker 13: the people on the FED. He was there at the time.

1308
01:22:14,040 --> 01:22:16,559
Speaker 13: He was the one saying, guys, you're making a mistake here.

1309
01:22:16,600 --> 01:22:18,920
Speaker 13: This is not the policy course you should be taking.

1310
01:22:19,200 --> 01:22:22,200
Speaker 13: Instead of doing X, you should be doing why, et cetera.

1311
01:22:22,280 --> 01:22:26,400
Speaker 13: And of course history has proved him to have been correct,

1312
01:22:26,840 --> 01:22:30,120
Speaker 13: So it's not as if he's just Monday morning quarterbacking

1313
01:22:30,160 --> 01:22:33,160
Speaker 13: where he's looking back and saying, hey, back then, we

1314
01:22:33,200 --> 01:22:36,160
Speaker 13: should have done something differently. No, he was the man

1315
01:22:36,400 --> 01:22:39,400
Speaker 13: in the arena at the time saying we need to

1316
01:22:39,439 --> 01:22:42,960
Speaker 13: do something differently. So he has You know, it's not

1317
01:22:43,080 --> 01:22:45,640
Speaker 13: just a matter of Okay, look at his education, look

1318
01:22:45,680 --> 01:22:46,800
Speaker 13: at the places he's worked.

1319
01:22:46,800 --> 01:22:48,040
Speaker 3: Wow, he's got a great resume.

1320
01:22:48,280 --> 01:22:50,439
Speaker 13: No, I don't care so much about that as I

1321
01:22:50,520 --> 01:22:53,080
Speaker 13: care about his ideas and the fact that he is

1322
01:22:53,200 --> 01:22:57,000
Speaker 13: consistently correct. That to me is the most impressive thing

1323
01:22:57,400 --> 01:23:01,320
Speaker 13: on his resume. So fast forward to today and he

1324
01:23:01,479 --> 01:23:05,800
Speaker 13: has pointed out that the Fed under Jerome Pal has

1325
01:23:05,840 --> 01:23:10,639
Speaker 13: the policy mixed exactly backwards. They have interest rates too

1326
01:23:10,720 --> 01:23:14,479
Speaker 13: high and the balance sheet too big. You can reduce

1327
01:23:14,560 --> 01:23:18,479
Speaker 13: rates without causing inflation by selling off the balance sheet.

1328
01:23:18,520 --> 01:23:22,120
Speaker 13: But Jerome Pal, a Wall Street creature and a lawyer,

1329
01:23:22,160 --> 01:23:25,400
Speaker 13: not an economist, has been for a very long time

1330
01:23:25,800 --> 01:23:29,400
Speaker 13: funneling profits to Wall Street at the expense of Main

1331
01:23:29,520 --> 01:23:32,800
Speaker 13: Street by exploding the balance sheet, which is when the

1332
01:23:32,840 --> 01:23:36,760
Speaker 13: Fed engages in all of these asset purchases, flooding the

1333
01:23:36,840 --> 01:23:40,519
Speaker 13: system with liquidity. At the same time then having to

1334
01:23:40,640 --> 01:23:43,479
Speaker 13: jack up interest rates to deal with the inflation that

1335
01:23:43,600 --> 01:23:46,840
Speaker 13: is inflicting Main Street. So main Street has to deal

1336
01:23:46,840 --> 01:23:50,040
Speaker 13: with higher prices and a higher cost of borrowing via

1337
01:23:50,080 --> 01:23:53,120
Speaker 13: these high interest rates, whereas Wall Street just gets to

1338
01:23:53,200 --> 01:23:55,559
Speaker 13: rake in all of the higher asset prices and higher

1339
01:23:55,600 --> 01:23:59,120
Speaker 13: profits that has been The FED under Jerome pal and

1340
01:23:59,240 --> 01:24:04,040
Speaker 13: Kevin Walsh wants to completely reverse all of those mistakes.

1341
01:24:04,240 --> 01:24:07,759
Speaker 13: That would be such a huge win for the American

1342
01:24:07,800 --> 01:24:10,960
Speaker 13: economy and more importantly, tony for the American people.

1343
01:24:11,280 --> 01:24:14,479
Speaker 2: So we take things off the balance sheet? Describes me

1344
01:24:14,560 --> 01:24:16,479
Speaker 2: what those things are, what does it mean to remove

1345
01:24:16,520 --> 01:24:18,639
Speaker 2: it from the balance sheet, and what is the result

1346
01:24:18,880 --> 01:24:21,639
Speaker 2: that Midwest main Street feels on day one?

1347
01:24:22,800 --> 01:24:23,280
Speaker 6: Well tony.

1348
01:24:23,320 --> 01:24:26,160
Speaker 13: When we talk about the FED adding or subtracting from

1349
01:24:26,160 --> 01:24:29,679
Speaker 13: its balance sheet, that basically means the FED is going

1350
01:24:29,720 --> 01:24:32,639
Speaker 13: to be buying or selling assets. The assets in these

1351
01:24:32,680 --> 01:24:37,000
Speaker 13: cases are things like United States treasuries. Those could be bills, notes,

1352
01:24:37,080 --> 01:24:41,280
Speaker 13: or bonds, and also mortgage backed securities or mbs. And

1353
01:24:41,479 --> 01:24:45,200
Speaker 13: as the FED buys these things, it is creating money

1354
01:24:45,240 --> 01:24:49,000
Speaker 13: in the process because when the FED gives you money

1355
01:24:49,280 --> 01:24:52,280
Speaker 13: in exchange for one of these assets, right, you have

1356
01:24:52,400 --> 01:24:55,200
Speaker 13: the bond, I as the FED, buy the bond from you.

1357
01:24:55,439 --> 01:24:57,040
Speaker 13: So you give me the bond, and what do I

1358
01:24:57,080 --> 01:24:59,280
Speaker 13: give you? Well, I'm going to give you cash. Where

1359
01:24:59,320 --> 01:25:01,800
Speaker 13: did that cash from? Well, I created it as the FED.

1360
01:25:01,920 --> 01:25:04,599
Speaker 13: That's my power. I was given that power by Congress,

1361
01:25:04,640 --> 01:25:07,679
Speaker 13: the power to create and extinguish money. That is what happens.

1362
01:25:07,680 --> 01:25:10,559
Speaker 13: When the FED puts these assets on its balance sheet,

1363
01:25:10,800 --> 01:25:15,559
Speaker 13: it is injecting liquidity into financial markets. Conversely, when the

1364
01:25:15,560 --> 01:25:18,760
Speaker 13: FED sells these assets, we're reversing the process. Tony, So

1365
01:25:18,800 --> 01:25:22,479
Speaker 13: I'm giving you the bond back and you're giving me money.

1366
01:25:22,520 --> 01:25:24,400
Speaker 13: What happens to the money you just gave me as

1367
01:25:24,439 --> 01:25:28,760
Speaker 13: the FED poof, it's gone. It extinguishes the money as

1368
01:25:28,760 --> 01:25:31,760
Speaker 13: the FED gets it back. And so that is what

1369
01:25:31,840 --> 01:25:36,360
Speaker 13: Kevin wants to do. That is anti inflationary. That puts

1370
01:25:36,479 --> 01:25:41,439
Speaker 13: downward pressure on prices, not upward pressure on prices. At

1371
01:25:41,479 --> 01:25:45,840
Speaker 13: the same time, having less pressure on inflation means the

1372
01:25:45,880 --> 01:25:49,280
Speaker 13: FED can lower interest rates. So this is a real

1373
01:25:49,320 --> 01:25:52,160
Speaker 13: win for main street because you not only get the

1374
01:25:52,200 --> 01:25:56,200
Speaker 13: benefit of less inflationary pressure in the economy, but you

1375
01:25:56,439 --> 01:25:59,800
Speaker 13: also get the added benefit of lower interest rates on

1376
01:26:00,040 --> 01:26:03,200
Speaker 13: everything from your mortgages that you're trying to get, your

1377
01:26:03,200 --> 01:26:06,320
Speaker 13: credit cards that you open, your your student loans, your

1378
01:26:06,360 --> 01:26:10,000
Speaker 13: auto loans, you name it. So you're talking about not

1379
01:26:10,040 --> 01:26:12,840
Speaker 13: having to spend as much on products and services because

1380
01:26:12,880 --> 01:26:15,800
Speaker 13: of less inflationary pressure in the economy, but then also

1381
01:26:15,960 --> 01:26:18,519
Speaker 13: not having to spend as much on interest every month

1382
01:26:18,760 --> 01:26:21,760
Speaker 13: because it doesn't cost you as much to borrow. That

1383
01:26:21,920 --> 01:26:25,960
Speaker 13: is such a huge win for as you said Midwest main.

1384
01:26:25,800 --> 01:26:30,960
Speaker 2: Street talking to EJ. Antoni, chief economist at Heritage dot Org.

1385
01:26:31,000 --> 01:26:33,960
Speaker 2: Before I let you go, I've been tracking what's been

1386
01:26:34,000 --> 01:26:37,280
Speaker 2: going on with silver and gold, and silver at one

1387
01:26:37,439 --> 01:26:42,200
Speaker 2: twenty one and gold at fifty fifty six hundred, and

1388
01:26:42,320 --> 01:26:44,080
Speaker 2: it would have been climbing and climbing and then all

1389
01:26:44,080 --> 01:26:47,479
Speaker 2: of a sudden boom just getting punched in the neck

1390
01:26:47,600 --> 01:26:50,519
Speaker 2: as it did at the end of last week and

1391
01:26:50,640 --> 01:26:54,800
Speaker 2: over the weekend, and still at outrageous highs, and silver

1392
01:26:54,880 --> 01:26:57,920
Speaker 2: between seventy five and eighty five dollars an ounce, and

1393
01:26:58,040 --> 01:27:01,519
Speaker 2: gold and at forty six hundred dollars an houns. These

1394
01:27:01,560 --> 01:27:05,439
Speaker 2: things are the typical hedge against inflation. Why did gold

1395
01:27:05,479 --> 01:27:08,080
Speaker 2: and silver go up so much? Why did it just

1396
01:27:08,200 --> 01:27:11,280
Speaker 2: take a hit downward? And if you want a crystal ball,

1397
01:27:11,280 --> 01:27:13,720
Speaker 2: and I'm not going to hold you to it, where's it.

1398
01:27:13,760 --> 01:27:15,880
Speaker 6: Going, tony?

1399
01:27:15,960 --> 01:27:18,320
Speaker 13: Great great questions, and this actually has a lot to

1400
01:27:18,400 --> 01:27:20,639
Speaker 13: do with what we were just talking about Kevin Walsh.

1401
01:27:21,000 --> 01:27:24,680
Speaker 13: You know, people have been looking at what's happening in

1402
01:27:24,720 --> 01:27:27,759
Speaker 13: Congress where they just cannot get control of the spending.

1403
01:27:27,800 --> 01:27:31,760
Speaker 13: They refuse to make substantive cuts to go to the

1404
01:27:31,800 --> 01:27:35,040
Speaker 13: federal budget, and they've been watching what Jerome Powell is

1405
01:27:35,080 --> 01:27:38,600
Speaker 13: not just saying but doing at the FED and realizing

1406
01:27:38,640 --> 01:27:42,880
Speaker 13: that there is so much upward pressure on inflation in

1407
01:27:42,920 --> 01:27:46,280
Speaker 13: the future because of that deadly combination of no fiscal

1408
01:27:46,360 --> 01:27:49,320
Speaker 13: restraint in the halls of Congress and a federal Reserve

1409
01:27:49,400 --> 01:27:52,439
Speaker 13: that is more than happy to print the money to

1410
01:27:52,520 --> 01:27:56,439
Speaker 13: cover the deficits, which is what has been happening under Powell. However,

1411
01:27:56,840 --> 01:28:01,280
Speaker 13: with Kevin Walsh's announcement with his nomination, all of a sudden,

1412
01:28:01,920 --> 01:28:04,920
Speaker 13: that was water dousing the fire. Now there is not

1413
01:28:05,080 --> 01:28:08,799
Speaker 13: anywhere near as much concern that you need to heavily

1414
01:28:08,920 --> 01:28:13,720
Speaker 13: hedge against inflation because the policies that we were just

1415
01:28:13,760 --> 01:28:17,640
Speaker 13: talking about of Kevin Walsh would be much less inflationary

1416
01:28:17,920 --> 01:28:21,200
Speaker 13: at the FED than what we have seen under Jerome Powell.

1417
01:28:21,240 --> 01:28:24,960
Speaker 13: And that's even true with the Congress that refuses to

1418
01:28:25,000 --> 01:28:30,000
Speaker 13: control the spending, even with that bad component, not having

1419
01:28:30,360 --> 01:28:33,559
Speaker 13: Jerome Powell there would still be a godsend for market.

1420
01:28:33,720 --> 01:28:37,240
Speaker 13: So that kind of soothing or calming effect on those

1421
01:28:37,280 --> 01:28:42,439
Speaker 13: inflationary fears meant that the monetary premium on gold and

1422
01:28:42,520 --> 01:28:44,559
Speaker 13: silver went way, way down.

1423
01:28:45,439 --> 01:28:50,640
Speaker 2: Ejntnichief Economist Heritage dot Org. Appreciate you coming back.

1424
01:28:50,720 --> 01:28:54,040
Speaker 3: To join us. Glad it's all going well. EJ. And

1425
01:28:54,120 --> 01:28:56,720
Speaker 3: TONI thank you. More ahead. I'm Tony Katz and this

1426
01:28:56,840 --> 01:29:01,200
Speaker 3: is Tony Katz Today. It's a doney bell.

1427
01:29:06,280 --> 01:29:09,040
Speaker 14: We look to the future and not just the past.

1428
01:29:09,960 --> 01:29:14,960
Speaker 14: So I suppose this party could use a forecast. It

1429
01:29:15,160 --> 01:29:19,640
Speaker 14: is my job this February too to look to the

1430
01:29:19,720 --> 01:29:24,240
Speaker 14: skies and report back to you that there is a.

1431
01:29:24,320 --> 01:29:26,720
Speaker 3: Shadow here on my ground.

1432
01:29:27,200 --> 01:29:31,520
Speaker 14: Six more weeks of winter abound.

1433
01:29:40,520 --> 01:29:42,840
Speaker 2: If you don't love America, I don't know what to

1434
01:29:42,880 --> 01:29:47,400
Speaker 2: tell you. Grown men talking to a rodent to get

1435
01:29:47,439 --> 01:29:50,600
Speaker 2: a weather forecast, and then one hundred thousand people are like,

1436
01:29:50,680 --> 01:29:51,920
Speaker 2: let's turn this into a party.

1437
01:29:52,360 --> 01:29:53,720
Speaker 3: Or it might not have been one hundred thousand, but

1438
01:29:53,960 --> 01:29:54,519
Speaker 3: a lot of people.

1439
01:29:54,600 --> 01:29:57,840
Speaker 2: Tony Kats, Tony Kats today, good to be here, good

1440
01:29:57,840 --> 01:29:58,439
Speaker 2: to be with you.

1441
01:29:59,280 --> 01:30:02,960
Speaker 3: It's groundhof Day. There's a Groundhog's day. And they head

1442
01:30:03,000 --> 01:30:05,320
Speaker 3: over to Gobbler's Knob there and they knock on the

1443
01:30:05,360 --> 01:30:07,920
Speaker 3: door and Punk's Tony film comes out. He's like, I

1444
01:30:07,960 --> 01:30:10,360
Speaker 3: was taking a nap and they're like, too bad, we

1445
01:30:10,479 --> 01:30:13,960
Speaker 3: need you to tell us the weather. And the groundhog

1446
01:30:14,080 --> 01:30:16,400
Speaker 3: is like, was Al Roker busy? And they're like Al

1447
01:30:16,479 --> 01:30:19,759
Speaker 3: Roker is always busy? And then he gives the forecast.

1448
01:30:19,840 --> 01:30:24,519
Speaker 3: The people have a party. It's just so how can

1449
01:30:24,560 --> 01:30:26,840
Speaker 3: you not fall in love with it all?

1450
01:30:27,920 --> 01:30:34,200
Speaker 2: It's so ridiculous, it's so silly, and yet thousands and

1451
01:30:34,240 --> 01:30:36,680
Speaker 2: thousands of people show up and it's a party, and

1452
01:30:36,760 --> 01:30:38,960
Speaker 2: all the people who like are from I guess the

1453
01:30:38,960 --> 01:30:41,360
Speaker 2: city council or whatever it is. This is their moment,

1454
01:30:41,439 --> 01:30:43,240
Speaker 2: like this is the greatest thing's ever happened to them.

1455
01:30:43,400 --> 01:30:46,360
Speaker 3: And they've got the tuxes and the top hats and

1456
01:30:46,439 --> 01:30:47,160
Speaker 3: the canes.

1457
01:30:48,040 --> 01:30:52,639
Speaker 2: How do you It's just such a cool, fun part

1458
01:30:53,439 --> 01:30:59,800
Speaker 2: of Americana. Kitch, don't I don't know how you don't

1459
01:30:59,840 --> 01:31:02,240
Speaker 2: love it now. As for whether or not there's going

1460
01:31:02,280 --> 01:31:03,719
Speaker 2: to be six more weeks of winter.

1461
01:31:03,880 --> 01:31:04,639
Speaker 3: It's a rodent.

1462
01:31:05,479 --> 01:31:08,479
Speaker 2: I don't pay attention to rodents when it comes to

1463
01:31:08,520 --> 01:31:11,799
Speaker 2: the weather. All I know is it's been stupid freezing.

1464
01:31:12,160 --> 01:31:16,320
Speaker 2: I was in Florida for a conference, stupid freezing, and

1465
01:31:16,400 --> 01:31:19,439
Speaker 2: I was told there'd be some global warming once again.

1466
01:31:19,880 --> 01:31:22,640
Speaker 2: Al Gore lies, And I'll trust the.

1467
01:31:22,720 --> 01:31:25,040
Speaker 3: Rodent over al Gore any day of the week. I'm

1468
01:31:25,080 --> 01:31:30,360
Speaker 3: Tony Katz, and this is Tony Katz today.

1469
01:31:31,240 --> 01:31:34,240
Speaker 2: But what if I'm reading the whole situation about Disney wrong.

1470
01:31:34,520 --> 01:31:36,920
Speaker 2: What if that when I take a look at the

1471
01:31:36,960 --> 01:31:39,679
Speaker 2: CNBC reporting another reporting, they're telling me the more people

1472
01:31:39,680 --> 01:31:42,679
Speaker 2: are going to theme parks, but theme parks are actually flat.

1473
01:31:43,120 --> 01:31:46,120
Speaker 2: And what if I'm seeing that there's an increase in subscribers.

1474
01:31:46,120 --> 01:31:48,559
Speaker 2: But maybe that's not telling the whole story. Because when

1475
01:31:48,600 --> 01:31:50,800
Speaker 2: I saw this story about Disney, and I said, how

1476
01:31:50,880 --> 01:31:52,960
Speaker 2: is it possible if the economy's having problems and more

1477
01:31:52,960 --> 01:31:56,120
Speaker 2: people are going to Disney? And then how does any

1478
01:31:56,120 --> 01:31:59,639
Speaker 2: of this relate to Trump's economic policies? Is there actually

1479
01:31:59,640 --> 01:32:02,519
Speaker 2: some progress happening that we don't note? And then you

1480
01:32:02,560 --> 01:32:05,000
Speaker 2: take a look that he's already made his nomination to

1481
01:32:05,000 --> 01:32:11,040
Speaker 2: replace Jerome Powell with Kevin Walsh Warsh, which is a

1482
01:32:11,439 --> 01:32:15,320
Speaker 2: plan that our own doctor Matt Will has wanted to

1483
01:32:15,360 --> 01:32:18,439
Speaker 2: happen for a long time. Now Tony Katz. Tony Katz today,

1484
01:32:18,760 --> 01:32:20,799
Speaker 2: Good to be here, Good to be with you. Doctor

1485
01:32:20,840 --> 01:32:24,120
Speaker 2: Matt Will joins me right now, economist at the University

1486
01:32:24,240 --> 01:32:28,760
Speaker 2: of Indianapolis. We have talked often about Kevin Walsh as

1487
01:32:28,840 --> 01:32:31,800
Speaker 2: being a possible selection as the next FED chair and

1488
01:32:31,840 --> 01:32:34,519
Speaker 2: what you have liked about him and discussed is this

1489
01:32:34,640 --> 01:32:38,479
Speaker 2: idea of removing things from the balance sheet. Talk to

1490
01:32:38,560 --> 01:32:42,200
Speaker 2: me about the nomination and if he gets his way,

1491
01:32:42,640 --> 01:32:46,519
Speaker 2: what will be the immediate difference between a Jerome Powell

1492
01:32:46,640 --> 01:32:49,880
Speaker 2: led FED and a Kevin Walsh led FED.

1493
01:32:51,439 --> 01:32:54,559
Speaker 6: Well, first of all, the markets like the selection because

1494
01:32:54,560 --> 01:33:00,400
Speaker 6: the markets reacted positively. The commodity prices plummeted gold, silver,

1495
01:33:00,840 --> 01:33:04,320
Speaker 6: because the market believes we will now have control over inflation.

1496
01:33:04,840 --> 01:33:07,160
Speaker 6: And this is how he's going to control inflation. I

1497
01:33:07,240 --> 01:33:10,400
Speaker 6: love his formula. He's going to do two things. One,

1498
01:33:10,600 --> 01:33:13,160
Speaker 6: he's going to cut interest rates. Now that's going to

1499
01:33:13,240 --> 01:33:16,120
Speaker 6: cause inflation. People get nervous about that. But he will

1500
01:33:16,160 --> 01:33:20,280
Speaker 6: combine it with selling the assets owned on the FED

1501
01:33:20,360 --> 01:33:22,920
Speaker 6: balance sheet. He's going to sell treasury monks, he's going

1502
01:33:23,000 --> 01:33:26,040
Speaker 6: to sell mortgages, and when he does that, that will

1503
01:33:26,040 --> 01:33:30,040
Speaker 6: pull cash out of the economy. That dual approach is

1504
01:33:30,080 --> 01:33:33,240
Speaker 6: the ideal approach. That's the opposite of what Jerome Powell

1505
01:33:33,280 --> 01:33:35,760
Speaker 6: was doing. Jerome Paler said, no, no, we're going to

1506
01:33:35,840 --> 01:33:37,720
Speaker 6: hold all these mortgages. We're going to hold all these

1507
01:33:37,720 --> 01:33:40,000
Speaker 6: treasure We're going to keep all this cash floating in

1508
01:33:40,080 --> 01:33:44,040
Speaker 6: the economy. And Kevin Mars has said he's going to

1509
01:33:44,080 --> 01:33:47,320
Speaker 6: do the opposite. So the market understands this. I realize

1510
01:33:47,320 --> 01:33:50,519
Speaker 6: that's a complicated topic, but people need to understand. The

1511
01:33:50,600 --> 01:33:54,920
Speaker 6: market's happy because he is going to control inflation. That

1512
01:33:55,040 --> 01:33:58,920
Speaker 6: is the best news. Is going to be independent. There's

1513
01:33:58,960 --> 01:34:00,639
Speaker 6: a lot of people in the Senate who are nervous

1514
01:34:00,680 --> 01:34:02,719
Speaker 6: about this. They think he's not going to be independent

1515
01:34:02,760 --> 01:34:05,040
Speaker 6: because he said, yes, he wants to cut rates like Trump.

1516
01:34:05,360 --> 01:34:08,160
Speaker 6: But the people saying that are not knowledgeable. They don't

1517
01:34:08,200 --> 01:34:11,080
Speaker 6: understand he's got a too pronged approach, and the too

1518
01:34:11,120 --> 01:34:14,240
Speaker 6: pronged approach is going to be successful as controlling inflation.

1519
01:34:14,760 --> 01:34:16,880
Speaker 6: The market believes us. Why do we know the market

1520
01:34:16,920 --> 01:34:20,200
Speaker 6: believes it to silver drop and gold drop, the market

1521
01:34:20,200 --> 01:34:21,639
Speaker 6: believes he will cut inflation.

1522
01:34:22,760 --> 01:34:27,480
Speaker 2: Talking to doctor Matt Will, economist at the University of Indianapolis.

1523
01:34:27,520 --> 01:34:31,479
Speaker 2: So when we see that massive silver and gold drop down.

1524
01:34:31,920 --> 01:34:35,679
Speaker 2: It's that the wash pick brings down inflation, which tells

1525
01:34:35,760 --> 01:34:39,280
Speaker 2: us that inflation has indeed still been there. Isn't that

1526
01:34:39,439 --> 01:34:43,080
Speaker 2: kind of a proof of concept is the wrong word,

1527
01:34:43,320 --> 01:34:45,680
Speaker 2: but a proof of our arguments where people have been

1528
01:34:45,760 --> 01:34:48,439
Speaker 2: yelling at me for months the inflation's down, Why won't

1529
01:34:48,479 --> 01:34:50,839
Speaker 2: you admit it down where it was with Biden?

1530
01:34:50,960 --> 01:34:51,200
Speaker 3: Yes?

1531
01:34:51,800 --> 01:34:55,559
Speaker 2: Gone, No, So there's already the market saying that if

1532
01:34:55,560 --> 01:34:59,080
Speaker 2: you have this new guy, everything on the inflation side

1533
01:34:59,240 --> 01:35:02,120
Speaker 2: will get better. But don't those plans have to be implemented,

1534
01:35:02,160 --> 01:35:03,519
Speaker 2: and don't those plans take time?

1535
01:35:04,520 --> 01:35:06,720
Speaker 6: Yes, they do take time, and it's going to take

1536
01:35:06,720 --> 01:35:10,120
Speaker 6: some while to implement. But the market reacts to news instantly,

1537
01:35:10,240 --> 01:35:13,480
Speaker 6: So as soon as something is known, a fact occurs,

1538
01:35:13,600 --> 01:35:16,559
Speaker 6: a piece of information comes out, the market reacts. So

1539
01:35:16,840 --> 01:35:18,920
Speaker 6: the fact that he is going to be the said chair,

1540
01:35:19,439 --> 01:35:23,160
Speaker 6: the market has reacted positively. So the market reacts to news.

1541
01:35:23,400 --> 01:35:26,080
Speaker 6: So he doesn't have to do it yet, but we

1542
01:35:26,200 --> 01:35:27,599
Speaker 6: know that he's going to do it because he has

1543
01:35:27,600 --> 01:35:30,120
Speaker 6: indicated that he will, and he's been very emphatic about it,

1544
01:35:30,160 --> 01:35:33,000
Speaker 6: which is why I support him, even though I got

1545
01:35:33,000 --> 01:35:35,280
Speaker 6: to tell you, Tony, I wasn't a fan of his

1546
01:35:35,360 --> 01:35:37,880
Speaker 6: in the past, because this is the guy who invented

1547
01:35:37,960 --> 01:35:40,760
Speaker 6: Too Big to Sale, and yes, he's had a mea

1548
01:35:40,840 --> 01:35:43,320
Speaker 6: culpa on that, but he was the guy that did

1549
01:35:43,360 --> 01:35:45,200
Speaker 6: something that you and I have said we don't like.

1550
01:35:47,200 --> 01:35:49,559
Speaker 2: Let's move it off of Kevin Washing get into this

1551
01:35:49,640 --> 01:35:55,519
Speaker 2: conversation specifically about Disney. It was an interesting piece over

1552
01:35:55,520 --> 01:35:58,880
Speaker 2: there at CNBC that the Disney stock was up and

1553
01:35:58,920 --> 01:36:02,920
Speaker 2: it's being led by streaming and theme parks. And I said, now,

1554
01:36:02,960 --> 01:36:06,240
Speaker 2: wait a second, how in the world does anybody affording

1555
01:36:06,360 --> 01:36:11,519
Speaker 2: take their family to Disney. It's an outrageously expensive thing

1556
01:36:11,560 --> 01:36:11,760
Speaker 2: to do.

1557
01:36:11,880 --> 01:36:14,120
Speaker 3: Never mind the fact that I was told.

1558
01:36:13,960 --> 01:36:16,760
Speaker 2: That there were people boycotting Disney and they're streaming for

1559
01:36:16,800 --> 01:36:18,479
Speaker 2: things that they were putting on there, and how they

1560
01:36:18,720 --> 01:36:20,960
Speaker 2: ruined certain things, and I guess that didn't hold.

1561
01:36:21,040 --> 01:36:23,760
Speaker 3: Is often these things don't hold. E.

1562
01:36:23,880 --> 01:36:28,680
Speaker 2: J Antony economist things that the issue regarding Disney has

1563
01:36:28,720 --> 01:36:31,520
Speaker 2: to do with income disparities.

1564
01:36:31,720 --> 01:36:32,679
Speaker 3: That there are people.

1565
01:36:32,439 --> 01:36:34,200
Speaker 2: Who have been making more money, the idea of the

1566
01:36:34,280 --> 01:36:36,880
Speaker 2: rich are getting richer, and they're now spending their money,

1567
01:36:36,880 --> 01:36:40,120
Speaker 2: and so it's not at any level of traditional blue

1568
01:36:40,120 --> 01:36:42,760
Speaker 2: collar worker. It's mom and dad, each making more than

1569
01:36:42,760 --> 01:36:45,000
Speaker 2: one hundred thousand a year, who could afford to take

1570
01:36:45,040 --> 01:36:48,160
Speaker 2: their family to Disney. First things First, you think the

1571
01:36:48,200 --> 01:36:51,760
Speaker 2: CNBC reporting is right or wrong regarding Disney in the

1572
01:36:51,760 --> 01:36:52,360
Speaker 2: stock price?

1573
01:36:53,920 --> 01:36:56,640
Speaker 6: Okay, I first have to just fully disclose Tony that

1574
01:36:57,000 --> 01:37:00,280
Speaker 6: my student fund that my students and I manage, we

1575
01:37:00,360 --> 01:37:03,240
Speaker 6: owned Disney and we have voted to get rid of Disney.

1576
01:37:03,280 --> 01:37:05,240
Speaker 6: So we haven't sold it yet, but we have voted

1577
01:37:05,240 --> 01:37:07,720
Speaker 6: to get rid of it, and all this information is

1578
01:37:07,800 --> 01:37:10,880
Speaker 6: part of the reason we made that decision. I think

1579
01:37:10,920 --> 01:37:15,480
Speaker 6: the CNBC reporting initially is just reproducing the public relations

1580
01:37:15,520 --> 01:37:20,000
Speaker 6: release from Disney. It doesn't have a deep dive. How

1581
01:37:20,040 --> 01:37:23,000
Speaker 6: do I know that? Because the market's down five points

1582
01:37:23,000 --> 01:37:27,040
Speaker 6: on Disney. The SCOC price has plummeted. That's that's a

1583
01:37:27,080 --> 01:37:29,800
Speaker 6: five percent drop at the current price by one oh seven.

1584
01:37:30,240 --> 01:37:32,439
Speaker 6: So the market says this is not good news. And

1585
01:37:32,520 --> 01:37:37,000
Speaker 6: let me go into a deep dive on the streaming Hulu.

1586
01:37:37,080 --> 01:37:40,040
Speaker 6: They've acquired Hulu and in their press release they said, oh,

1587
01:37:40,120 --> 01:37:43,599
Speaker 6: Hulu and Disney Plus is up. Well, yeah, because Hulu

1588
01:37:43,640 --> 01:37:47,880
Speaker 6: is up. They bought subscribers. You don't grow by buying subscribers.

1589
01:37:47,880 --> 01:37:51,439
Speaker 6: When you acquire a company like Hulu. So the fact

1590
01:37:51,520 --> 01:37:54,479
Speaker 6: is Disney Plus was at one hundred and sixty one

1591
01:37:54,479 --> 01:37:59,200
Speaker 6: thousand subscribers two years ago. The forecast that they will

1592
01:37:59,240 --> 01:38:01,559
Speaker 6: be this year one hundred and twenty seven thousand, one

1593
01:38:01,640 --> 01:38:03,920
Speaker 6: hundred and twenty seven thousand is lower than one hundred

1594
01:38:03,920 --> 01:38:08,200
Speaker 6: and sixty one thousand, and ESPN plus will be down

1595
01:38:08,479 --> 01:38:11,839
Speaker 6: I mean million, I'm a million subscribers. I apologize. YESPN

1596
01:38:11,880 --> 01:38:15,479
Speaker 6: plus will be down from twenty six million to twenty

1597
01:38:15,520 --> 01:38:20,360
Speaker 6: three million. So they cannot get people to buy ESPN Plus.

1598
01:38:20,720 --> 01:38:23,559
Speaker 6: They can't get people to buy Disney Plus. Hulu is

1599
01:38:23,560 --> 01:38:26,400
Speaker 6: the only thing they have that is of any worth

1600
01:38:26,400 --> 01:38:28,519
Speaker 6: in their streaming service, but they lump it all together

1601
01:38:28,640 --> 01:38:31,080
Speaker 6: to make you think they're streaming is great when they're

1602
01:38:31,120 --> 01:38:35,839
Speaker 6: streaming stinks. So I don't think their streaming numbers are legitimate,

1603
01:38:35,840 --> 01:38:37,320
Speaker 6: and I think the market agrees with me.

1604
01:38:39,240 --> 01:38:43,080
Speaker 2: So how does how in today's world could you possibly have?

1605
01:38:43,200 --> 01:38:47,840
Speaker 2: And that's one heck of an allegation that's being made there.

1606
01:38:48,080 --> 01:38:50,640
Speaker 2: And I hear you that you're not making an allegation.

1607
01:38:51,000 --> 01:38:54,080
Speaker 2: This is your personal opinion. This personal opinion and view

1608
01:38:54,200 --> 01:38:57,479
Speaker 2: has formed you and for your students, there at the

1609
01:38:57,560 --> 01:39:01,479
Speaker 2: University of Indianapolis some ideas on where to invest and

1610
01:39:01,560 --> 01:39:05,320
Speaker 2: not invest. How does one come to the place where

1611
01:39:05,439 --> 01:39:07,439
Speaker 2: you don't trust a number because you're not the only

1612
01:39:07,479 --> 01:39:09,720
Speaker 2: person who's ever invested and said, yeah, I don't think

1613
01:39:09,760 --> 01:39:13,000
Speaker 2: that's actually what's happening, and I have reasons for it.

1614
01:39:12,600 --> 01:39:15,080
Speaker 2: Is it the idea of where they've been in the past,

1615
01:39:15,520 --> 01:39:18,679
Speaker 2: Is it the idea of other examples of over inflation

1616
01:39:18,840 --> 01:39:22,200
Speaker 2: by Disney Till you get a little more specific, Well,

1617
01:39:22,280 --> 01:39:22,679
Speaker 2: let me.

1618
01:39:22,600 --> 01:39:24,760
Speaker 6: Say that it's not my opinion. I mean, I just

1619
01:39:24,840 --> 01:39:28,679
Speaker 6: gave you actual numbers as to what their subscribers are

1620
01:39:29,120 --> 01:39:32,600
Speaker 6: and what they were. That's a fact. That's nothing disputable

1621
01:39:32,640 --> 01:39:34,639
Speaker 6: about that. It's not an opinion. And if I were

1622
01:39:34,640 --> 01:39:37,280
Speaker 6: to look at their affiliatesy, so, the fees they get

1623
01:39:37,520 --> 01:39:41,720
Speaker 6: from affiliates for their networks, that's down from it was

1624
01:39:42,120 --> 01:39:45,840
Speaker 6: about eleven point seven billion in twenty twenty three. At

1625
01:39:45,840 --> 01:39:47,000
Speaker 6: the end of this year, it's going to be eight

1626
01:39:47,040 --> 01:39:50,400
Speaker 6: point five billion. I don't care how you slice it.

1627
01:39:50,439 --> 01:39:52,920
Speaker 6: Eight point five is less than eleven point seven billion.

1628
01:39:53,280 --> 01:39:56,439
Speaker 6: That's just a fact. So the only thing they're doing

1629
01:39:56,520 --> 01:40:00,200
Speaker 6: well on their entertainment side is direct to consumer are

1630
01:40:00,200 --> 01:40:02,960
Speaker 6: making money direct to consumer. Why to just sell and

1631
01:40:03,000 --> 01:40:06,840
Speaker 6: all that Disney archive. People are buying tons of Disney products.

1632
01:40:07,400 --> 01:40:10,439
Speaker 6: But it's true their theme parks are up for the moment,

1633
01:40:10,880 --> 01:40:13,240
Speaker 6: that is true, and maybe their theme parks will continue

1634
01:40:13,280 --> 01:40:17,000
Speaker 6: to grow. But Tony, that's you know, their theme parks,

1635
01:40:17,080 --> 01:40:20,160
Speaker 6: park experiences, you know, ten and a half billion dollars

1636
01:40:20,160 --> 01:40:24,920
Speaker 6: of revenue. That's they make more money on licensing their content.

1637
01:40:24,920 --> 01:40:28,160
Speaker 6: They make thirty eight billion dollars a year licensing Disney.

1638
01:40:28,800 --> 01:40:31,680
Speaker 6: So yeah, okay, they're up ten point five billion in

1639
01:40:31,720 --> 01:40:35,439
Speaker 6: theme parks, correct, good job. Okay, that a billion dollar increase.

1640
01:40:36,000 --> 01:40:39,719
Speaker 6: That's nothing compare to their overall revenue scheme. They're heavily

1641
01:40:39,760 --> 01:40:45,280
Speaker 6: into content, they're heavily into streaming services, and those two

1642
01:40:45,320 --> 01:40:47,400
Speaker 6: areas they need some improvement.

1643
01:40:48,439 --> 01:40:52,360
Speaker 2: Talking to doctor Matt Will, economists at the University of

1644
01:40:52,479 --> 01:40:58,200
Speaker 2: Indianapolis before I let you go, my take on this

1645
01:40:58,280 --> 01:41:03,080
Speaker 2: economy has been in that these first six months of

1646
01:41:03,120 --> 01:41:08,080
Speaker 2: twenty twenty six looked very, very rough. They look like

1647
01:41:09,680 --> 01:41:13,240
Speaker 2: a kind of resetting of all. Right, here's what Trump's doing.

1648
01:41:13,479 --> 01:41:15,000
Speaker 2: You never know when a tariff is going to get

1649
01:41:15,000 --> 01:41:16,920
Speaker 2: implement You never never know when a tariff is going

1650
01:41:16,960 --> 01:41:19,480
Speaker 2: to get removed. That leads to a level of uncertainty.

1651
01:41:20,120 --> 01:41:23,679
Speaker 2: And after this this spending season, this holiday spending season

1652
01:41:23,920 --> 01:41:26,000
Speaker 2: where more was spent on luxury goods but less was

1653
01:41:26,000 --> 01:41:30,439
Speaker 2: spent overall, as at least I've looked at the numbers

1654
01:41:30,960 --> 01:41:33,400
Speaker 2: and I certainly could be wrong there, but more was

1655
01:41:33,439 --> 01:41:37,240
Speaker 2: spent on luxury goods and everyday goods. It is continuing

1656
01:41:37,280 --> 01:41:40,280
Speaker 2: this idea of not wage gap but income gap, this

1657
01:41:40,360 --> 01:41:43,880
Speaker 2: idea of the K curve instead of you know, where

1658
01:41:44,479 --> 01:41:47,200
Speaker 2: the rich are getting rich or the poor are getting

1659
01:41:48,439 --> 01:41:53,120
Speaker 2: poorer and the middle class is shrinking, although one could

1660
01:41:53,200 --> 01:41:56,280
Speaker 2: argue that all wages are going up overall, just some

1661
01:41:56,439 --> 01:42:00,360
Speaker 2: of faster than others. I have looked at these next

1662
01:42:00,360 --> 01:42:02,160
Speaker 2: six months saying this is going to be rough, and

1663
01:42:02,200 --> 01:42:04,800
Speaker 2: it's going into a midterm and Trump needs a couple

1664
01:42:04,840 --> 01:42:07,120
Speaker 2: of things to turn around to be able to show

1665
01:42:07,120 --> 01:42:10,120
Speaker 2: some success on the economy, to get back some voters

1666
01:42:10,120 --> 01:42:13,000
Speaker 2: who may have left and not be with him.

1667
01:42:12,800 --> 01:42:13,559
Speaker 3: For the midterm.

1668
01:42:14,560 --> 01:42:18,000
Speaker 2: Is the pick of wash or is there are there

1669
01:42:18,040 --> 01:42:20,680
Speaker 2: any moves that you see in the in the in

1670
01:42:20,760 --> 01:42:23,680
Speaker 2: the office, things that have already happened that are going

1671
01:42:23,760 --> 01:42:26,920
Speaker 2: to show a result that you think either work for

1672
01:42:27,040 --> 01:42:29,800
Speaker 2: the Republicans or are going to continue to trend for

1673
01:42:29,840 --> 01:42:30,560
Speaker 2: the Democrats.

1674
01:42:32,080 --> 01:42:34,680
Speaker 6: Oh man, you're you're That was a backhanded way of

1675
01:42:34,800 --> 01:42:37,680
Speaker 6: making me predict the future. But I will do it.

1676
01:42:37,920 --> 01:42:39,880
Speaker 6: I will, I will do it, and I will say this.

1677
01:42:40,720 --> 01:42:43,160
Speaker 6: I believe in the analogy that I've used all along.

1678
01:42:43,240 --> 01:42:46,360
Speaker 6: It's it's a boxing match where Trump is against Trump,

1679
01:42:47,080 --> 01:42:48,920
Speaker 6: and he makes some good moves and he makes some

1680
01:42:49,040 --> 01:42:52,280
Speaker 6: bad moves. And I think the worst decision is a

1681
01:42:52,320 --> 01:42:55,599
Speaker 6: great move, and I believe it's going to lower prices

1682
01:42:55,640 --> 01:42:58,000
Speaker 6: going into the midterms. So he's going to get lucky

1683
01:42:58,080 --> 01:43:02,080
Speaker 6: on that. If he falls back to tariffs are beautiful,

1684
01:43:02,640 --> 01:43:05,280
Speaker 6: I think that's going to hurt him because tariffs are

1685
01:43:05,280 --> 01:43:08,400
Speaker 6: not beautiful and they harm the economy. As far as

1686
01:43:08,400 --> 01:43:11,040
Speaker 6: the luxury goods, I got to tell you you've seen

1687
01:43:11,080 --> 01:43:13,240
Speaker 6: a little bit of a blip. That is true. There's

1688
01:43:13,240 --> 01:43:15,040
Speaker 6: been a little bit of a blip. But the leading

1689
01:43:15,080 --> 01:43:19,040
Speaker 6: indicator for this is LVMH moet Hennessy's. They own the

1690
01:43:19,120 --> 01:43:23,040
Speaker 6: brand names across the board in luxury goods, and their

1691
01:43:23,080 --> 01:43:26,000
Speaker 6: revenue has declined from eighty six billion to eighty four

1692
01:43:26,040 --> 01:43:28,720
Speaker 6: to eighty. They had a blip this year of up

1693
01:43:28,800 --> 01:43:32,200
Speaker 6: to eighty two, but that's a blip. They are still

1694
01:43:32,240 --> 01:43:35,360
Speaker 6: on the downward trajectory, so the luxury good market is

1695
01:43:35,360 --> 01:43:38,439
Speaker 6: still being hurt. I don't know who's going to win

1696
01:43:38,479 --> 01:43:41,479
Speaker 6: the battle in Trump versus Trump. I'm hoping that good

1697
01:43:41,479 --> 01:43:44,919
Speaker 6: Trump wins if he cannot believe the tariffs are beautiful

1698
01:43:44,920 --> 01:43:47,599
Speaker 6: and the sides to stop using them as a weapon.

1699
01:43:48,280 --> 01:43:51,439
Speaker 6: I think this could be a really good year, but

1700
01:43:51,600 --> 01:43:54,120
Speaker 6: I cannot predict what he's going to do. If you

1701
01:43:54,200 --> 01:43:55,040
Speaker 6: can let me know.

1702
01:43:55,840 --> 01:43:59,840
Speaker 2: Well, I only went with where I hear things that

1703
01:44:00,000 --> 01:44:03,439
Speaker 2: acdotally and what the numbers seem to be showing me.

1704
01:44:03,640 --> 01:44:07,200
Speaker 2: So they don't show me that things are great. Data,

1705
01:44:07,280 --> 01:44:10,280
Speaker 2: the anecdotally in the discussion with business owners don't show

1706
01:44:10,320 --> 01:44:13,639
Speaker 2: me that things are great. We talking about manufacturing numbers.

1707
01:44:13,640 --> 01:44:15,960
Speaker 2: They don't show me this level of growth that I

1708
01:44:16,040 --> 01:44:18,360
Speaker 2: think is necessary in the place is to be able

1709
01:44:18,400 --> 01:44:20,479
Speaker 2: to have a strong economy, and it does. I don't

1710
01:44:20,479 --> 01:44:23,000
Speaker 2: think it's going to take much, sir, for things to

1711
01:44:23,040 --> 01:44:26,040
Speaker 2: turn around or for people to feel good. I have said,

1712
01:44:26,200 --> 01:44:28,080
Speaker 2: gas prices have to keep coming down. You have to

1713
01:44:28,120 --> 01:44:30,760
Speaker 2: be able to afford a stake to grill in your backyard,

1714
01:44:30,760 --> 01:44:32,400
Speaker 2: and you have to be able to afford to take your.

1715
01:44:32,280 --> 01:44:33,160
Speaker 3: Family out to dinner.

1716
01:44:33,320 --> 01:44:35,920
Speaker 2: You do those three things and people start feeling good,

1717
01:44:36,120 --> 01:44:39,400
Speaker 2: and I think it'll show in an election. Was that

1718
01:44:39,560 --> 01:44:41,640
Speaker 2: was my three? What do you have your three? Or

1719
01:44:41,680 --> 01:44:43,559
Speaker 2: do you have an opinion on what I just said?

1720
01:44:44,280 --> 01:44:47,240
Speaker 6: Yes? I think you know. I gave you the positive

1721
01:44:47,320 --> 01:44:50,960
Speaker 6: upside potential for Trump. But let me explain the absolute

1722
01:44:51,000 --> 01:44:54,320
Speaker 6: downside horrendous, and that is the manufacturing. You hit the

1723
01:44:54,400 --> 01:44:58,400
Speaker 6: nail on the head. Manufacturing has been shrinking. The report

1724
01:44:58,400 --> 01:45:02,240
Speaker 6: In fact, you know, the report just came out today

1725
01:45:02,680 --> 01:45:06,680
Speaker 6: and okay, ready for this. It reversed a ten month decline.

1726
01:45:07,240 --> 01:45:09,519
Speaker 6: We now had a growth in manufacturing last month for

1727
01:45:09,560 --> 01:45:13,320
Speaker 6: the first time in ten months. That's a good thing.

1728
01:45:13,800 --> 01:45:17,400
Speaker 6: That's positive. At the same time, the prices were going

1729
01:45:17,400 --> 01:45:20,280
Speaker 6: through the roof. They went I mean, the PMI report

1730
01:45:20,320 --> 01:45:22,360
Speaker 6: came out and we had growth in manufacturing, We had

1731
01:45:22,400 --> 01:45:25,479
Speaker 6: growth in new wars. It was a great report. So

1732
01:45:25,560 --> 01:45:29,160
Speaker 6: I see some good news, but that's not a trend yet.

1733
01:45:29,320 --> 01:45:31,559
Speaker 6: It's not a trend. We had ten months of shrinking

1734
01:45:32,080 --> 01:45:36,280
Speaker 6: manufacturing because of tariffs. Haven't we turned the corner yet?

1735
01:45:36,560 --> 01:45:39,000
Speaker 6: I hope we have. But I don't know for sure.

1736
01:45:40,120 --> 01:45:42,080
Speaker 6: I know I didn't give you. I didn't give you

1737
01:45:42,720 --> 01:45:45,600
Speaker 6: maybe a concrete reply to your question.

1738
01:45:45,400 --> 01:45:48,360
Speaker 3: Tony, assume you did. You did it like some kind

1739
01:45:48,400 --> 01:45:51,679
Speaker 3: of politician. I see, I see see where this friendship

1740
01:45:51,680 --> 01:45:56,360
Speaker 3: has gone. Doctor Mattwell, Economist, University of Indianapolis. I appreciate

1741
01:45:56,400 --> 01:45:58,960
Speaker 3: you taking the time. More's coming up on Tony Katz.

1742
01:45:58,960 --> 01:46:00,240
Speaker 3: This is Tony Kats today.

1743
01:46:00,479 --> 01:46:02,000
Speaker 2: So it seems that there are a bunch of states

1744
01:46:02,000 --> 01:46:05,439
Speaker 2: that have not handled the storm well. And the look

1745
01:46:05,560 --> 01:46:12,280
Speaker 2: at Tennessee and the electric issues has been really something

1746
01:46:12,360 --> 01:46:15,680
Speaker 2: to behold. Tony Kats, Tony Kats today, Good to be

1747
01:46:15,720 --> 01:46:18,519
Speaker 2: with you. They have not been able to keep up

1748
01:46:18,520 --> 01:46:23,040
Speaker 2: with the power. You still have over one hundred thousand

1749
01:46:23,120 --> 01:46:27,600
Speaker 2: people without power. It's day seven now because of these storms.

1750
01:46:27,640 --> 01:46:32,280
Speaker 2: It has been incredible and there's been a very interesting

1751
01:46:32,320 --> 01:46:34,800
Speaker 2: conversation of Well, part of the problem here is that

1752
01:46:35,840 --> 01:46:40,960
Speaker 2: Tennessee has a lot of locally owned utilities, and maybe

1753
01:46:41,000 --> 01:46:45,160
Speaker 2: government isn't the group that should own utilities, which I got.

1754
01:46:45,000 --> 01:46:47,160
Speaker 3: To dig in a little deeper. There's a very interesting

1755
01:46:47,280 --> 01:46:52,000
Speaker 3: argument there. But then there is New York, which elected

1756
01:46:52,040 --> 01:46:56,120
Speaker 3: Mamdani and the streets weren't plowed, and the garbage is

1757
01:46:56,120 --> 01:46:59,120
Speaker 3: piling up, and everyone is very clear, this is not.

1758
01:46:59,080 --> 01:47:02,400
Speaker 2: What I wanted, This is not it, this is radical. Well, yeah,

1759
01:47:02,400 --> 01:47:05,559
Speaker 2: you voted for a communist. What do you expect. You

1760
01:47:05,680 --> 01:47:09,200
Speaker 2: voted for a guy who aligns himself politically with people

1761
01:47:09,280 --> 01:47:13,280
Speaker 2: who kill those who disagree with them. Every communist does.

1762
01:47:14,160 --> 01:47:16,439
Speaker 2: I don't care if you're the local official, I don't care.

1763
01:47:16,439 --> 01:47:18,120
Speaker 2: If you're mom Donnie. I don't care if.

1764
01:47:18,040 --> 01:47:21,639
Speaker 3: You're just some tool on social media. If you're aligned

1765
01:47:21,640 --> 01:47:24,160
Speaker 3: with the communists, you're aligned with a group of people

1766
01:47:24,280 --> 01:47:28,080
Speaker 3: who are historically are murderers, but most importantly can't get

1767
01:47:28,120 --> 01:47:31,360
Speaker 3: anything done, and if you want something done.

1768
01:47:31,080 --> 01:47:34,880
Speaker 2: They will disappear you for saying it out loud. He

1769
01:47:34,960 --> 01:47:37,200
Speaker 2: said he wouldn't surprised that Mom Donnie can't do the.

1770
01:47:37,200 --> 01:47:40,439
Speaker 3: Job, because if I now have to hear leftists and

1771
01:47:40,439 --> 01:47:43,599
Speaker 3: communists complain about Mom Donnie, I don't I don't think

1772
01:47:43,600 --> 01:47:46,080
Speaker 3: there's enough bourbon for me to drink to enjoy that moment.

1773
01:47:46,880 --> 01:47:49,880
Speaker 3: Find everything at Tony Katt's dot com tomorrow. Everyone take

1774
01:47:49,920 --> 01:47:50,080
Speaker 3: care