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Speaker 1: Four degrees four degrees outside right now, it doesn't sound

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Speaker 1: like very much.

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Speaker 2: Continuing on, Hey, let's talk about the Chicago Bears.

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Speaker 3: Can we Yeah, let's do it.

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Speaker 1: They may not be packing their bags just yet, but

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Speaker 1: Indiana's bid for the team picked up a little momentum yesterday.

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Speaker 1: The Senate passed it right, Senate passed Bill twenty seven.

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Speaker 1: The vote was, well, he was pretty solid, forty six

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Speaker 1: to two. Now the bill's going to move to the

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Speaker 1: Indiana House of Representatives.

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Speaker 2: And what this bill does is it.

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Speaker 1: Creates the Northwest Indiana Stadium Authority, which is a state

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Speaker 1: run public body. The Authority would one by land, two,

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Speaker 1: issue long term bonds up to forty years, and then

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Speaker 1: three finance and building NFL stadium and also related facilities.

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Speaker 4: So the most fascinating thing of what you just said

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Speaker 4: was the vote count. Oh yeah, forty forty sixty two.

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Speaker 4: So keep in mind, we got a super majority of

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Speaker 4: Republicans in the Senate in India Indiana, so we have

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Speaker 4: forty Republicans but only ten Democrats. But if there's one

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Speaker 4: thing in this state that Republican and Democrats lawmakers can't

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Speaker 4: agree on, and that is spending your tax dollars like

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Speaker 4: that crazy in fact, not only spending your tax dollars

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Speaker 4: but absolutely just giving it away to billionaire sports team owners.

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Speaker 3: Forty six to two. Every other vote that seems like.

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Speaker 4: Comes out of there, it's just Republicans all vote over here,

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Speaker 4: Democrats vote over here, and maybe there's a couple in

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Speaker 4: the middle that change their votes.

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Speaker 3: But not on this one. They're spending your.

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Speaker 4: Money giving away billions of dollars to a rich billionaire

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Speaker 4: sports team owner. Democrats and Republicans easily agree on that,

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Speaker 4: don't they.

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Speaker 1: So let's talk about some of the key details of

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Speaker 1: the proposal. The state would own the stadium. And by

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Speaker 1: the state, well, they mean the taxpayers.

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Speaker 4: Do you think they'll say that on the deed of

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Speaker 4: the stadium that you'll recorded it and it'll say the

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Speaker 4: tax that will say the seven million residents of Indiana.

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Speaker 1: It's gonna say Casey Daniels owns this stadium. The NFL

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Speaker 1: team would lease the stadium for at least.

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Speaker 2: Thirty five years.

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Speaker 1: The team would operate this keep revenue from the games

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Speaker 1: and events, and also handle the maintenance and improvements, and

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Speaker 1: the team could buy the stadium for remaining debt or

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Speaker 1: one dollar if bonds are paid off.

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Speaker 4: Here, here's one dollar. Here's where we stand in the world.

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Speaker 4: And this is from a sports fans perspective. Yeah, if

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Speaker 4: you don't buy your sports team, if you don't give

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Speaker 4: your sports team a free stadium, somebody else will sure.

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Speaker 3: And that's that's.

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Speaker 4: The seriousness that we've all got to come to. And

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Speaker 4: the Colts will do this in a minute. Because by

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Speaker 4: the way, just a little heads up here, you get

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Speaker 4: about twenty or twenty five years out of a modern

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Speaker 4: football stadium, and Lucas Oil Field is coming up on

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Speaker 4: about twenty years. So this is what we're going through

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Speaker 4: with the Bears right now. And it seems kind of

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Speaker 4: like this is fun and oh, that's just kind of

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Speaker 4: going through the motions because we're really not going to

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Speaker 4: get the Bears. They're gonna end up standing in Chicago,

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Speaker 4: and maybe that'll happen, but we're going to go through

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Speaker 4: this whole process again because the Colts and the Ursa

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Speaker 4: family are gonna come with their hand out to the

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Speaker 4: city of Indianapolis into the state in the next three

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Speaker 4: to five years, say and pop, buy me another stadium

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Speaker 4: because we need a new one.

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Speaker 1: So how's this going to be funded bonds will be

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Speaker 1: paid mainly through lease payments, and the lease payments could

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Speaker 1: use local tax revenue your money, like food and beverage

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Speaker 1: taxes like what we have here in Central Indiana, innkeepers taxes,

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Speaker 1: and also local excise taxes. And the bill doesn't specify

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Speaker 1: yet exact taxes or amounts. Little murky there. Don't know

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Speaker 1: the details. But let's move forward with this. So the

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Speaker 1: governance the stadium Authority would start with a three member board,

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Speaker 1: all going to be state level officials and lawmakers, say

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Speaker 1: that local representatives maybe maybe added later. Now, if you're

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Speaker 1: a sports fan, this is very titillating, it's fun to discuss.

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Speaker 1: But as a taxpayer, guess what, you're going to be

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Speaker 1: on the hook for another stadium in this state.

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Speaker 4: Yeah, and let's break downcause I saw a really good

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Speaker 4: article about this kind of break down the comparison here.

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Speaker 4: So the Bears get the State of Indiana, buys the land,

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Speaker 4: pays for the stadium. The state's going to issue some

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Speaker 4: bonds to pay for it, and then once the bonds

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Speaker 4: are paid off in about thirty five or forty years,

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Speaker 4: the Bears can buy the stadium back for one dollar

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Speaker 4: from the state. Oh, and by the way, very similar

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Speaker 4: to the sweetheart deal that the Colts got to build

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Speaker 4: Lucas Oil. The Chicago Bears will keep all revenue for

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Speaker 4: that stadium. So the state buys it, pays for the land,

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Speaker 4: pays for the infrastructure, pays for the stadium. The Chicago

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Speaker 4: Bears get to keep tickets, parking, naming rights, concessions not

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Speaker 4: only for the games that the Bears play, but any

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Speaker 4: event held at this stadium period. So this is what

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Speaker 4: the state of Illinois. If the Bear stay in Illinois,

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Speaker 4: this is what the Bears in the state are going

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Speaker 4: to do. The Bears would have to spend about two

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Speaker 4: billion dollars b with a billion with a B two

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Speaker 4: billion dollars for the stadium and for the land. The

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Speaker 4: state so far has offered about eight or nine hundred

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Speaker 4: million dollars in public infrastructure. By the way, Illinois lawmakers

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Speaker 4: have resisted giving any special property tax bakes. You know,

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Speaker 4: Indiana gave them a property tax break. You're not getting

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Speaker 4: a property tax break. Home owners don't get a property

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Speaker 4: tax break. But they're about to give the Bears a

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Speaker 4: massive property tax bak break and say for the entire

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Speaker 4: time that the stadium is owned by the state. The

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Speaker 4: Bears wouldn't have to pay one cent in property taxes.

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Speaker 4: So if you look at all of that and you

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Speaker 4: break down the comparisons, you're the Bears and you're looking

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Speaker 4: at this deal. I got one deal from from Indiana

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Speaker 4: over here, one deal from Millanoi over here. If they

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Speaker 4: go with the Indiana deal, the Bears would save approximately

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Speaker 4: one hundred million dollars a year.

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Speaker 3: Great deal for the Bear. One hundred million dollars a year.

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Speaker 4: So I think there's this thought, and I even said it,

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Speaker 4: and I still think that it's probably not likely. There's

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Speaker 4: this thought that this is never gonna happen. The Bears

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Speaker 4: are going to end up in Illinois at the end

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Speaker 4: of the day.

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Speaker 3: I don't know.

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Speaker 4: One hundred million dollars a year for thirty forty years.

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Speaker 4: It's an incredible savings for the Bear and for the Bears.

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Speaker 4: And Indiana has made an extraordinarily tempting offer. And by

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Speaker 4: the way, this is just our first offer so far.

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Speaker 4: Usually there's a negotiation that goes back and forth. It

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Speaker 4: wouldn't surprise me if the Bears come back and say,

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Speaker 4: we like what you're doing, Indiana, but but why don't

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Speaker 4: you sweeten it.

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Speaker 3: Up a little bit. What else? What else can you

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Speaker 3: do for right?

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Speaker 1: And that's gonna be the task of the Northwest Indiana

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Speaker 1: Stadium Authority to see what they end up with. The

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Speaker 1: state leaders say Indiana is negotiating seriously. Clearly, this isn't

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Speaker 1: just being used as leverage. But I go back to

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Speaker 1: property tax breaks for a football team, but.

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Speaker 3: Not for you, not for you.

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Speaker 4: They will give it to the Bears all day long.

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Speaker 4: And look, this will be very prestigious for the state

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Speaker 4: of Indiana. It'll be very prestigious for Northern Indiana if

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Speaker 4: they can secure an NFL team.

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Speaker 3: And I'm not completely naive here. I know that this.

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Speaker 4: Will generate an incredible amount of sales tax and jobs

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Speaker 4: in Northwest Indiana. But come on, I mean, we're everybody

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Speaker 4: talked about how the Chiefs just got the most incredible

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Speaker 4: sweetheart deal ever offered to move from Missouri to Kansas.

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Speaker 4: Indiana is saying.

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Speaker 3: Am old, my bear, we can maybe do a little

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Speaker 3: bit better than that.

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Speaker 1: So Governor Mike Browne, he tweeted out, Indiana is open

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Speaker 1: for business. The Chicago Bears have taken notice the Senate's

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Speaker 1: passage of SB twenty seven to establish a Northwest Indiana

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Speaker 1: Stadium Authority is the next critical step in the right

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Speaker 1: direction to bring the Chicago Bears to the Hoosier state

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Speaker 1: and to grow Indiana's economy. He's talking about how much

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Speaker 1: this is going to impact the state's economy.

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Speaker 2: But let's head to the comments, shall we.

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Speaker 4: Yeah, what are people saying about Mike Brown's social media posts?

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Speaker 1: First one, our NIPSKO utility rates have skyrocketed doubled in

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Speaker 1: some instances in Northwest Indiana. You better do something or

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Speaker 1: it's going to be bad come election time. Another comment,

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Speaker 1: would rather have my property taxes eliminated. Somebody else thought

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Speaker 1: it would be really epic if they chose Fort Wayne

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Speaker 1: instead of Northwest. And then there was somebody else who

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Speaker 1: said two losing teams, that's an awesome thing to spend

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Speaker 1: our money on.

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Speaker 3: Ouch.

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Speaker 4: Yeah, and again, I'm gonna go back to what I

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Speaker 4: said when you first started talking about this. The vote

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Speaker 4: was forty six to two. Forty six to two. There

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Speaker 4: are ten Democrats in the Senate and there are forty Republicans.

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Speaker 4: The one thing that the Democrats and Republicans can agree

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Speaker 4: on is that they love spending your money. They love

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Speaker 4: spending your money. They love massive corporate giveaways, like what

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Speaker 4: they did with the IEDC and the Leap Project. And

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Speaker 4: now they're like, yeah, we get to do that again

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Speaker 4: a couple billion dollars.

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Speaker 3: Site.

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Speaker 4: Yeah, I know, we raise taxes a billion dollars in

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Speaker 4: the last session, but let's just spend a couple billion

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Speaker 4: dollars and give the Bears a free stadium if they

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Speaker 4: come to Northwest Indiana. Love love spending your tax dollars.

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Speaker 4: They go to sleep at night on a pillow and

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Speaker 4: their dreams are just spending your tax dollars on free

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Speaker 4: giveaways for massive corporations and billionaire sports owners.

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Speaker 3: They've done it.

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Speaker 4: We did it with the Colts already in Lucas Oil Stadium.

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Speaker 4: Why not do it again for the Bears.

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Speaker 1: That's nice that they get to sleep some people or

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Speaker 1: just in survival mode now again, if you're in a

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Speaker 1: sports if you're a sports fan, this is great fodder

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Speaker 1: to think about.

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Speaker 2: But is it reality? Will it actually happen?

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Speaker 4: There are plenty of NFL teams who have stadiums that

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Speaker 4: aren't in the city for which they're named at. Both

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Speaker 4: New York teams, New England Patriots play outside of Boston,

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Speaker 4: Dallas Cowboys play in Arlington.

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Speaker 3: There are several well.

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Speaker 4: The Kansas City Chiefs are going to be moving to

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Speaker 4: a suburb of Kansas City, Kansas, so they won't be

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Speaker 4: in either Kansas City, Missouri proper or Kansas City, Kansas Proper.

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Speaker 4: The Phoenix Cardinals don't play in Phoenix. There are tons

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Speaker 4: and tons of teams out there that have stadiums in suburbs.

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Speaker 3: This wouldn't be breaking new ground for the Bears.

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Speaker 4: I know it's difficult for Bears fans to swallow this pill,

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Speaker 4: to think about the fact that their beloved Chicago Bears

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Speaker 4: may end up playing in Hammond, Indiana, but this is

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Speaker 4: a reality for tons of sports fans and other NFL teams.

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Speaker 3: Around the league.

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Speaker 2: You're listening to ninety three WYBC Good Morning. Federal agents

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Speaker 2: that were.

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Speaker 1: Involved in the fatal shooting of Alex Preddy in Minneapolis.

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Speaker 1: They have been placed on administrative leave. This is according

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Speaker 1: to the federal law enforcement officials. It's unclear where the

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Speaker 1: agents are going to be placed on leave, but they're

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Speaker 1: just going to take some paid time off.

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Speaker 4: And this is exactly what should be happening. And Casey,

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Speaker 4: you and I have talked about this for the last

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Speaker 4: couple of weeks or a week or so since this

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Speaker 4: incident in Minneapolis happened. Everybody just should take a deep

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Speaker 4: breath and let this process play out. It's amazing that

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Speaker 4: when something like this happens and we see images and

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Speaker 4: video on social media and stories on social media, everybody

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Speaker 4: all of a sudden turns into an illegal expert. Everybody's

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Speaker 4: all of a sudden is you know, the world's foremost

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Speaker 4: forensic investigative expert, and they've all got their opinions on

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Speaker 4: what should happen and what shouldn't happen. No, we did

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Speaker 4: this country follow the rule of law and we go

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Speaker 4: through a process. And yes, when there's usually a shooting

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Speaker 4: that happens like this with most law enforforcement agencies, the

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Speaker 4: people involved in it are placed on it administrative leave,

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Speaker 4: and that gives time for the investigation to take place.

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Speaker 4: They're going to interview witnesses, they're going to look at

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Speaker 4: all the evidence that's available, and eventually they'll come to

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Speaker 4: a determination if any wrongdoing was done. So putting these

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Speaker 4: officers on administrative leave is not a surprise. Probably should

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Speaker 4: be the exact thing that happens, and we need to

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Speaker 4: let the process play out before jumping to all sorts

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Speaker 4: of conclusions, and I know that that's what gets the clicks,

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Speaker 4: and I know that's what everybody want he wants to hear.

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Speaker 4: And you see these talking heads on social media and

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Speaker 4: on the news channels that are one hundred percent certain

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Speaker 4: that that man was innocent or one hundred percent certain

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Speaker 4: that this was just self defense. We have no idea.

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Speaker 4: At the end of the day, we really have just

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Speaker 4: like one percent of the likely information on this story

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Speaker 4: that has come out so far. Let the investigation play out.

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Speaker 1: Yeah, it is standard protocol usually places agents on administrative

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Speaker 1: leave while an investigation is ongoing. This does contradict what

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Speaker 1: the Border Patrol official Bavino said over the weekend. He

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Speaker 1: told reporters that the agents were still working, just relocate

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Speaker 1: to another city for safety reasons. He cited concerns about

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Speaker 1: dosing and also protecting the agent's safety.

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Speaker 2: But that's right. When things like this happen, everybody wants.

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Speaker 1: To say something right away, and more often than not,

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Speaker 1: it turns out that they're incorrect and they have to backtracks.

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Speaker 4: If that's always the case, any sort of crisis situation

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Speaker 4: or piece of breaking news that happens and it does

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Speaker 4: didn't have to do with necessarily just law enforcement.

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Speaker 3: Anything that happens.

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Speaker 4: The first reports that come out live from on the

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Speaker 4: scene are generally wrong and incorrect, and it can sometimes

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Speaker 4: take days or weeks later to get the corrected version out.

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Speaker 1: So you've got borders are Tom Homan who went to Minneapolis.

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Speaker 1: He met with their governor, Tim Walls, and they agreed

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Speaker 1: that they were going to have an ongoing dialogue. Speaking

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Speaker 1: of dialogue, Claire Breakfast Club, Molly Ringwald, the actress.

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Speaker 4: She did she finally weigh in. I mean, this event

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Speaker 4: is almost a week ago, and I've been sitting here

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Speaker 4: the whole.

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Speaker 2: Time wondering what Molly rings exactly.

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Speaker 3: What is Molly Ringwald think of what's happening.

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Speaker 2: She's an expert.

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Speaker 4: I'm not making up my mind until I hear from

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Speaker 4: Molly Ringwald about this situation.

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Speaker 1: Well, she warned that if you are a Trump supporter

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Speaker 1: and you're going to be found guilty of treason once

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Speaker 1: he leaves office.

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Speaker 5: I mean, you should not support what is going on

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Speaker 5: just because these are human.

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Speaker 2: Beings, and we are human beings.

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Speaker 5: And we cannot forget our humanity. But if you don't

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Speaker 5: care about that, if you only care about yourself, then

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Speaker 5: realize that you are going to be seen as a collaborationist. Okay,

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Speaker 5: and I don't think that anybody wants that. I don't

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Speaker 5: think that anybody wants to be on the wrong side

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Speaker 5: of history. So please please use your voice and protest.

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Speaker 5: You know, these are children, These are children who are

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Speaker 5: being taken away from their parents. These are mothers who

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Speaker 5: are being killed, These are fathers, these are these are

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Speaker 5: ICU nurses, These are people that that are good people

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Speaker 5: that now their their families have to grieve them for

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Speaker 5: doing nothing except for standing up what's right, for what's right,

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Speaker 5: for keeping uh for keeping women from being brutalized.

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Speaker 2: Okay, that's where we have to stop her.

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Speaker 1: Because not once did she mention Lincoln Riley murdered by

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Speaker 1: an illegal. Not once did she mention Kayla Hamilton murdered

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Speaker 1: by an illegal. Not once did she mention Lizabeth Medina,

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Speaker 1: another woman murdered.

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Speaker 2: By an illegal.

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Speaker 1: I mean, many people are saying, you know why she's

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Speaker 1: talking about politics because acting stopped working for her.

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Speaker 6: Yeah.

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Speaker 4: I went back through her social media feeds because she

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Speaker 4: posted this on social media, because I wanted to find

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Speaker 4: out what she said about Lincoln Riley, and then the

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Speaker 4: outrage that I'm sure she had when that story was

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Speaker 4: at the front of the national news and I you know.

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Speaker 3: She'd, oh, no, she didn't have anything.

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Speaker 2: Something was there?

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Speaker 4: Absolutely nothing said about Lake and Riley or any of

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Speaker 4: the other women that you mentioned yet making sure that

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Speaker 4: we stop the brutalization of women. Those are her words,

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Speaker 4: not my words. Stopping the brutalization of women obviously something

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Speaker 4: that she is only concerned about when it fits her

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Speaker 4: political narrative.

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Speaker 1: Correct early it was like a three minute rant. We

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Speaker 1: only played a minute of it.

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Speaker 3: Thank you for editing that. I heard more than enough.

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Speaker 1: She was talking about how her experience and her knowledge

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Speaker 1: because she lived in France for a summer.

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Speaker 4: Her experience and her knowledge, you know what, her experience

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Speaker 4: and knowledge. You peaked when she played the role in

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Speaker 4: sixteen Candles and had the famous line, I just gave

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Speaker 4: my underwear to a freshman. I think all of that

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Speaker 4: probably qualifies her to weigh in on issues of civil

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Speaker 4: unrest and immigration laws and deportation.

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Speaker 3: It makes her an expert.

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Speaker 4: In that when she was snorting sugar powder in Breakfast

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Speaker 4: club while they were there in detention. You remember that

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Speaker 4: scene that was hilarious. Smart move there, Molly.

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Speaker 1: Rain So you've got Chuck Schumer saying that enforcing immigration

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Speaker 1: laws puts our democracy at risk.

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Speaker 7: Well, we also realized that this puts our democracy at risk.

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Speaker 7: It's a force of thuggery. The federal government is supporting

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Speaker 7: a large force of thuggery. Can we really worry about

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Speaker 7: its consequences for America if we.

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Speaker 6: Don't rain them in?

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Speaker 2: Okay?

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Speaker 1: So this is the type of rhetoric that is going

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Speaker 1: to put lives of our officers at risk every day.

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Speaker 1: But Jesse Ventura, the former Minnesota governor.

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Speaker 4: Wait, so we've gone from Molly Ringwald and what she

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Speaker 4: thinks on this to former professional wrestler Jesse Ventura, now.

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Speaker 3: A former government I will give it to it.

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Speaker 4: He was the former governor of the state of Minnesota.

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Speaker 4: It's been a long time, but.

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Speaker 3: A little bit more reasonable.

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Speaker 4: But still we've really gotten down to the bottom of

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Speaker 4: the barrel of who we're asking on these quests.

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Speaker 1: Well, he's telling the people of Minnesota to secede and

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Speaker 1: become part of Canada.

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Speaker 6: How about since they just since Trump dislikes Minnesota so

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Speaker 6: bad and we're so out of control, let's join Canada.

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Speaker 6: Instead of Canada becoming the fifty first state of America

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Speaker 6: and lose their healthcare. Like they said they would never

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Speaker 6: do that because they'd lose their healthcare. I'd like to

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Speaker 6: see Minnesota, all of us become Canadians.

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Speaker 2: Okay.

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Speaker 1: So he's definitely an independent voice and it's always good

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Speaker 1: to take that into consideration.

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Speaker 2: Are we gonna do an even swap.

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Speaker 1: We'll get Alberta and they can have Minnesota like a baff.

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Speaker 4: Hey, I'll tell you, Alberta have this beautiful as a nation,

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Speaker 4: Canadian rockets. It's a national park in Canada. Baff gorgeous

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Speaker 4: piece of land.

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Speaker 3: But isn't the grass always greener?

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Speaker 4: Alberta talking about seeding from Canada, potentially creating a deal

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Speaker 4: with the United States. Jesse Ventura f loading the idea

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Speaker 4: that Minnesota should secede and go to Canada. The grass

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Speaker 4: is always greener from these situations. This is obviously especially

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Speaker 4: you know, Minnesota going to Canada not gonna happen on

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Speaker 4: any meats. We're an expansion right now. I don't know

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Speaker 4: if you notice this, but we're kind of in expansion mode.

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Speaker 4: We're not given up territory. We're taking territory like Greenland

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Speaker 4: and getting you know, sovereign land for our bases up there.

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Speaker 4: But look, Jesse Ventura was an adorable you know, you

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Speaker 4: know governor. He was fine with what he did. He's

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Speaker 4: clearly not part of the mainstream. And I don't think

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Speaker 4: anybody is realistically talking about Minnesota joining Canada.

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Speaker 1: Well, you can't always get what you want, but if

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Speaker 1: you try, sometimes you just might.

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Speaker 2: Fine, you get what you need.

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Speaker 1: Very nice, it is ninety three WIBC. Very nice, Kevin.

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Speaker 3: Will you just let today.

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Speaker 1: If you're running for secretary of State in the great

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Speaker 1: state of Indiana, what you need is money because it's

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Speaker 1: going to be one expensive race. Who would have thunk

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Speaker 1: Blithe Potter, who is a Democratic candidate for Indiana Secretary

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Speaker 1: of State, and she's calling on her primary opponent bo

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Speaker 1: Bye to return a twenty five thousand dollars campaign donation. Now,

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Speaker 1: the reason why is because this donation came from billionaire

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Speaker 1: Mark Rowan. He's a CEO of Apollo Global Management, and

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Speaker 1: Rowan has close ties to Donald Trump. Rowan was recently

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Speaker 1: appointed to Trump's Board of Peace, which is that advisory group,

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Speaker 1: and they're the ones that are tasked with reshaping the

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Speaker 1: future governance of the Gaza strip and Rowan says that

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Speaker 1: you can't claim to oppose Trump on one hand while

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Speaker 1: accepting money from Trump aligned billionaires on the other.

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Speaker 2: Well, sure you can. You can take money from whoever

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Speaker 2: you want.

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Speaker 4: Exactly how does you claim it hypocrisy and politics?

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Speaker 3: Oh I'm shocked. What are we doing here?

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Speaker 4: Look, Blipotter has no chance in the upcoming Democrat primary

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Speaker 4: for Secretary of State. I mean, it's pretty obvious that

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Speaker 4: Bobai has built a massive war chest and he's going

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Speaker 4: to at the very least win the Democrat primary, may

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Speaker 4: win the general election against the Republican. But this is

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Speaker 4: this is this is what a typical primary. This is

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Speaker 4: what a typical challenger who is so far behind the

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Speaker 4: front runner does in situations like this, find something small

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Speaker 4: and minor to talk about so that they can raise

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Speaker 4: the issue and be able to get themselves, you know,

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Speaker 4: written up in articles and discussed like this. I got

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Speaker 4: to believe that Bobai has is not concerned about this

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Speaker 4: potential challenge or this accusation on any level.

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Speaker 1: Well, she's saying that Rowan's role is pay to play politics.

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Speaker 1: But you're right, she has not raised nearly as much

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Speaker 1: money as her bonents. And you've got by raising nearly

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Speaker 1: two million dollars, which is more than the Republican incumbent

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Speaker 1: Diego Morales has, which.

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Speaker 4: By the way, Diego Morales has been raising money since

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Speaker 4: his last election. Bo Bay has really only been raising

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Speaker 4: money since he formed his committee and announced his his

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Speaker 4: bid for this about six eight months ago. So he's

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Speaker 4: he's raising more money in a dramatically shorter time period

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Speaker 4: than Diego Morales is doing. And look, this is this

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Speaker 4: is clearly bo Bie's, at least in the primary. It's

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Speaker 4: certainly his to lose. And it makes sense. He has

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Speaker 4: an incredible if you're a Democrat, he's got an incredible resume.

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Speaker 4: We know the family name instant name recognition, and birch

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Speaker 4: By and evan By were fairly well liked politicians in

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Speaker 4: this state and were able to garner fans from both

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Speaker 4: sides of the isle. I mean both were Democrats, and

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Speaker 4: Bobai is running as a Democrat, but birch By and

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Speaker 4: evan By had fans in the Republican side of the isle.

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Speaker 4: You know, back then, when they were politicians, you.

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Speaker 3: Could do that.

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Speaker 4: It does happens so much today because things are so divided.

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Speaker 4: But look at this resume for bow By. He Harvard

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Speaker 4: Law School graduate. Not bad, pretty good military service in

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Speaker 4: the United States Marine Corps. He was an infantry officer

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00:22:11,840 --> 00:22:15,320
Speaker 4: that rose to the rank of captain. He was a

444
00:22:15,400 --> 00:22:17,560
Speaker 4: judicial law clerk for the US Court of Appeals in

445
00:22:17,600 --> 00:22:20,280
Speaker 4: the Seventh Circuit. He was a practicing attorney. And now

446
00:22:20,320 --> 00:22:22,880
Speaker 4: he's running for Secretary of State in Indianapolis, and he's

447
00:22:22,920 --> 00:22:26,639
Speaker 4: able to fund raise an incredible amount of money for

448
00:22:26,680 --> 00:22:30,280
Speaker 4: a Secretary of States race. He is what the Democrats

449
00:22:30,280 --> 00:22:32,480
Speaker 4: have been hoping for in this state for a couple

450
00:22:32,520 --> 00:22:34,840
Speaker 4: of decades, or at least the last time since they

451
00:22:34,880 --> 00:22:36,359
Speaker 4: won a statewide elected office.

452
00:22:36,400 --> 00:22:37,080
Speaker 3: He's exactly.

453
00:22:37,240 --> 00:22:40,320
Speaker 4: He's young, he's youthful, he's vibrant, he's got the resume,

454
00:22:40,560 --> 00:22:43,679
Speaker 4: he's got the fundraising. I've got to believe that in

455
00:22:43,720 --> 00:22:46,840
Speaker 4: this upcoming election, the Democrats are going to put everything

456
00:22:47,000 --> 00:22:50,240
Speaker 4: they have into getting bo Bai across the line in

457
00:22:50,280 --> 00:22:51,800
Speaker 4: the general election come November.

458
00:22:52,119 --> 00:22:55,359
Speaker 1: Blith Potter, on the other hand, her resume she was

459
00:22:55,359 --> 00:22:59,200
Speaker 1: a US Army veteran small business owner, and she's positioning

460
00:22:59,240 --> 00:23:02,520
Speaker 1: herself as a rass roots, a people powered candidate, says

461
00:23:02,600 --> 00:23:07,320
Speaker 1: Indiana elections should be free from Washington d C insider influence.

462
00:23:07,359 --> 00:23:10,800
Speaker 1: When you were talking about bo Bye's resume, it kind

463
00:23:10,840 --> 00:23:14,159
Speaker 1: of reminded me of Pete Boodha Judge's resume because on

464
00:23:14,240 --> 00:23:18,560
Speaker 1: paper he was a great candidate too, but then the execution.

465
00:23:18,480 --> 00:23:21,119
Speaker 3: Not so great. Yeah, and again Bobi. The biggest problem

466
00:23:21,160 --> 00:23:21,680
Speaker 3: for bobaie.

467
00:23:21,680 --> 00:23:24,720
Speaker 4: Now keep in mind this is from a Democrat perspective,

468
00:23:24,760 --> 00:23:26,440
Speaker 4: not that I'm a Democrat, but if you're a Democrat

469
00:23:26,480 --> 00:23:28,120
Speaker 4: looking at this, the biggest problem with.

470
00:23:28,080 --> 00:23:30,080
Speaker 3: Bobi is that he's a white male. That is good.

471
00:23:30,080 --> 00:23:31,840
Speaker 4: Those are going to be the biggest two knocks on

472
00:23:31,920 --> 00:23:35,119
Speaker 4: him because everything else that he's got has just lined

473
00:23:35,160 --> 00:23:36,800
Speaker 4: up perfectly for him to win this race.

474
00:23:36,840 --> 00:23:39,800
Speaker 1: Okay, so since we're talking about the Secretary of State,

475
00:23:40,240 --> 00:23:44,320
Speaker 1: everybody has been focusing on the snowshovel pick of Indiana

476
00:23:44,400 --> 00:23:46,760
Speaker 1: Secretary of State Diego Morales.

477
00:23:46,320 --> 00:23:47,600
Speaker 3: Which recap real quick.

478
00:23:47,640 --> 00:23:49,960
Speaker 4: He was put out a pick on social media where

479
00:23:49,960 --> 00:23:51,520
Speaker 4: he was shoveling snow and it looked like he was

480
00:23:51,520 --> 00:23:54,200
Speaker 4: shoveling it when it was pretty obvious that the snow

481
00:23:54,240 --> 00:23:55,600
Speaker 4: had been cleared by a snowblower.

482
00:23:56,320 --> 00:23:59,439
Speaker 1: There's another picture that nobody has mentioned also on his

483
00:23:59,520 --> 00:24:03,400
Speaker 1: social media and again tiptoe Diego.

484
00:24:03,280 --> 00:24:06,800
Speaker 3: Always he's standing on his tiptoes. Again, I haven't seen this.

485
00:24:07,240 --> 00:24:11,879
Speaker 2: Come on, you just can't stand flat footed. He just

486
00:24:11,920 --> 00:24:12,640
Speaker 2: won't do it.

487
00:24:13,119 --> 00:24:16,639
Speaker 4: Look, I get that he's a a fellow that is

488
00:24:16,720 --> 00:24:20,640
Speaker 4: smaller in stature, and I get that I've never had

489
00:24:20,680 --> 00:24:22,320
Speaker 4: this experience as somebody who's six to two.

490
00:24:23,200 --> 00:24:24,240
Speaker 3: Not something I've lived with.

491
00:24:24,359 --> 00:24:26,159
Speaker 4: But I guess that that can be something that you

492
00:24:26,240 --> 00:24:29,440
Speaker 4: might be self conscious about. But you're a grown man

493
00:24:29,840 --> 00:24:34,400
Speaker 4: who's the Secretary of State for Indiana. At some point

494
00:24:34,600 --> 00:24:37,679
Speaker 4: you've just got to own this and quit standing on

495
00:24:37,720 --> 00:24:39,400
Speaker 4: your tiptoes in these photographs.

496
00:24:39,640 --> 00:24:43,240
Speaker 1: A lot of talk about marijuana legalization of hemp THHC

497
00:24:43,320 --> 00:24:46,000
Speaker 1: products throughout the state of Indiana. I wanted to point

498
00:24:46,000 --> 00:24:48,800
Speaker 1: this out to you as many people are calling dry

499
00:24:48,920 --> 00:24:55,640
Speaker 1: January high January. Michigan pot sales have been dropping, and

500
00:24:55,720 --> 00:24:58,840
Speaker 1: it's mostly because it's an oversaturated market.

501
00:24:58,960 --> 00:25:00,560
Speaker 2: It's highly competitive.

502
00:25:00,960 --> 00:25:05,360
Speaker 1: They've been struggling now after a period of rapid growth

503
00:25:05,440 --> 00:25:09,520
Speaker 1: and the downturn being blamed on oversupply and intense competition.

504
00:25:10,160 --> 00:25:13,720
Speaker 1: The market Michigan has more than eight hundred and fifty

505
00:25:13,800 --> 00:25:16,040
Speaker 1: different cannabis businesses.

506
00:25:16,359 --> 00:25:21,359
Speaker 4: Eight hundred and fifty different cannabis businesses. So let's say they're,

507
00:25:21,760 --> 00:25:25,920
Speaker 4: you know, have the similar number of counties that Indiana does.

508
00:25:25,960 --> 00:25:28,080
Speaker 4: You know, let's say they've got about eighty to ninety counties.

509
00:25:28,160 --> 00:25:33,840
Speaker 4: That's about ten licensed recreational pot stores per county in

510
00:25:33,880 --> 00:25:36,639
Speaker 4: the state of Michigan. Yeah, I'd say that's probably an oversupply.

511
00:25:37,280 --> 00:25:40,000
Speaker 1: A lot of the dispensaries and growers they're facing slower

512
00:25:40,040 --> 00:25:45,720
Speaker 1: sales also shrinking profits. Their marijuana sales have been trending down.

513
00:25:45,760 --> 00:25:49,879
Speaker 1: There was a peak in August of twenty four but

514
00:25:50,119 --> 00:25:53,920
Speaker 1: now they're down eleven percent statewide.

515
00:25:53,960 --> 00:25:56,080
Speaker 4: That's a lot in less than a year, and it

516
00:25:56,280 --> 00:25:58,639
Speaker 4: shouldn't be It shouldn't be a surprise. This is a

517
00:25:58,800 --> 00:26:02,680
Speaker 4: normal business cycle. You've got the government that deregulates a

518
00:26:02,720 --> 00:26:04,880
Speaker 4: specific industry, everybody gets.

519
00:26:04,640 --> 00:26:05,479
Speaker 3: Excited about it.

520
00:26:05,600 --> 00:26:08,879
Speaker 4: All of these new businesses rush into this industry to

521
00:26:08,920 --> 00:26:12,520
Speaker 4: meet the demand from the consumers. Time goes by and

522
00:26:12,560 --> 00:26:15,400
Speaker 4: all of a sudden, you've got this oversupply that we've

523
00:26:15,440 --> 00:26:17,840
Speaker 4: got right now, So you'll see some cutbacks. What you

524
00:26:17,880 --> 00:26:20,440
Speaker 4: should then expect next And we've already seen a little

525
00:26:20,440 --> 00:26:23,400
Speaker 4: bit of this in Michigan, but you should expect consolidation

526
00:26:24,080 --> 00:26:27,400
Speaker 4: in that and so large corporate entities will now likely

527
00:26:27,520 --> 00:26:29,080
Speaker 4: start to come in. They've come in a little bit,

528
00:26:29,080 --> 00:26:30,960
Speaker 4: but it'll probably come in a little bit heavier and

529
00:26:31,000 --> 00:26:34,840
Speaker 4: start buying up some of these underperforming small businesses, mom

530
00:26:34,920 --> 00:26:39,880
Speaker 4: and pop marijuana stores and consolidate them into one bigger

531
00:26:40,160 --> 00:26:42,119
Speaker 4: entity because they can cut costs on the back end.

532
00:26:42,119 --> 00:26:44,560
Speaker 1: It'll become a Shane mom and pop marijuana store. That

533
00:26:44,600 --> 00:26:48,160
Speaker 1: sounds really weird, but there is this Toronto based cannabis company,

534
00:26:48,480 --> 00:26:52,000
Speaker 1: it's called Terrace End, and they announced that they're they're

535
00:26:52,040 --> 00:26:55,400
Speaker 1: leaving Michigan. They're closing twenty of their stores and they're

536
00:26:55,440 --> 00:27:00,840
Speaker 1: shutting down four of their cultivation facilities. They said that

537
00:27:00,920 --> 00:27:05,320
Speaker 1: it's an extremely difficult market in this state. And the

538
00:27:05,440 --> 00:27:11,240
Speaker 1: geographic note is that the growth area for Michigan marijuana

539
00:27:12,000 --> 00:27:15,680
Speaker 1: is out of staters, people coming from Indiana and Wisconsin.

540
00:27:15,800 --> 00:27:17,240
Speaker 3: And you can see that if you've ever.

541
00:27:18,640 --> 00:27:21,520
Speaker 4: Driven by like the toll road in northern Indiana and

542
00:27:21,840 --> 00:27:23,320
Speaker 4: there's not as many of them as there used to be,

543
00:27:23,760 --> 00:27:26,800
Speaker 4: nothing but billboards for marijuana stores just a couple of

544
00:27:26,800 --> 00:27:29,439
Speaker 4: miles northn Michigan. And if you look, there's just tons

545
00:27:29,440 --> 00:27:32,439
Speaker 4: of them dotted all along that Indiana state line in

546
00:27:32,480 --> 00:27:33,199
Speaker 4: northern Michigan.

547
00:27:33,320 --> 00:27:36,840
Speaker 1: If you've been participating in dry January, you only got

548
00:27:36,960 --> 00:27:39,240
Speaker 1: a few more hours to hang on. But one thing

549
00:27:39,280 --> 00:27:42,480
Speaker 1: that has happened is that the Shirley Temple is back.

550
00:27:42,880 --> 00:27:47,440
Speaker 1: Plus some other nostalgic sort of beverages are bubbling up.

551
00:27:47,480 --> 00:27:51,520
Speaker 1: The classic during Shirley Temple and root beer floats are

552
00:27:51,640 --> 00:27:52,680
Speaker 1: making a comeback.

553
00:27:52,920 --> 00:27:55,040
Speaker 3: This I can get behind the experts.

554
00:27:55,119 --> 00:27:57,760
Speaker 1: They're saying that the consumers are cutting back on alcohol,

555
00:27:57,920 --> 00:28:01,760
Speaker 1: especially during Dry January, and the demand for non alcoholic

556
00:28:01,840 --> 00:28:06,520
Speaker 1: drinks and mocktails is continuing to grow. I remember drinking

557
00:28:06,560 --> 00:28:09,240
Speaker 1: the Shirley Temple when I was younger, like at family weddings,

558
00:28:09,320 --> 00:28:11,560
Speaker 1: Oh yeah, I would walk up to the bar and

559
00:28:11,760 --> 00:28:15,000
Speaker 1: order myself as Shirley Temple, thinking I was a big shot.

560
00:28:15,200 --> 00:28:16,520
Speaker 3: Oh yeah, you felt so grown up.

561
00:28:16,600 --> 00:28:16,800
Speaker 6: Yeah.

562
00:28:16,880 --> 00:28:19,800
Speaker 4: No, When we would go out to eat at restaurants

563
00:28:19,800 --> 00:28:22,280
Speaker 4: and my dad would order his cocktail and he would

564
00:28:22,359 --> 00:28:25,119
Speaker 4: let the kids order Shirley Temples, which my recollection is

565
00:28:25,200 --> 00:28:27,200
Speaker 4: because I think Shirley Temple is kind of a generic

566
00:28:27,280 --> 00:28:30,520
Speaker 4: catch all term for any sort of modut. Yeah, mocktail

567
00:28:30,600 --> 00:28:32,720
Speaker 4: or non alcoholic drink that looks like a cocktail. But

568
00:28:32,760 --> 00:28:34,200
Speaker 4: I think when I was a kid and had them,

569
00:28:34,400 --> 00:28:37,480
Speaker 4: it was essentially just seven up in grenadine. Well they said,

570
00:28:37,520 --> 00:28:38,960
Speaker 4: I remember them being red.

571
00:28:39,040 --> 00:28:42,440
Speaker 1: Traditionally made with ginger ale or lemon lime, lemon lime

572
00:28:42,480 --> 00:28:46,280
Speaker 1: soda grenadine, and of course you got the machine Marchino cherry.

573
00:28:46,880 --> 00:28:49,520
Speaker 4: This is a big industry. Look the non alcoholic beverages.

574
00:28:49,520 --> 00:28:51,360
Speaker 4: I mean, there's even a new term that's been coined

575
00:28:51,360 --> 00:28:54,720
Speaker 4: in the last few years, mocktails, which are essentially the

576
00:28:55,360 --> 00:28:58,800
Speaker 4: fixings and the mixers from cocktails, but without alcohol in them.

577
00:28:58,840 --> 00:29:01,720
Speaker 4: This has been a big trend. Nonalcoholic beer sales keep

578
00:29:01,800 --> 00:29:05,560
Speaker 4: slowly climbing. There's been actually a subset of the non

579
00:29:05,600 --> 00:29:08,360
Speaker 4: alcohol beer market. It was always like Oduels and a

580
00:29:08,400 --> 00:29:11,360
Speaker 4: couple of other larger national bands. Now you're starting to

581
00:29:11,360 --> 00:29:16,120
Speaker 4: get craft beer, non alcoholic craft beer, and IPAs that

582
00:29:16,200 --> 00:29:18,800
Speaker 4: are that are done with non alcoholic drinks. So I

583
00:29:18,800 --> 00:29:21,840
Speaker 4: think dry January. It seems like every year Dry January

584
00:29:21,920 --> 00:29:24,320
Speaker 4: gets more and more popular. I've yet to partake in

585
00:29:24,360 --> 00:29:26,560
Speaker 4: it myself. Who knows what will happen in the future,

586
00:29:26,800 --> 00:29:29,200
Speaker 4: but I think as this trend keeps growing, and we've

587
00:29:29,240 --> 00:29:32,600
Speaker 4: seen other stories related to this. Gen Z is not

588
00:29:32,760 --> 00:29:35,720
Speaker 4: consuming alcohol at nearly the level that Milennial.

589
00:29:35,800 --> 00:29:38,200
Speaker 2: They would rather have THHC infuse beverages.

590
00:29:38,440 --> 00:29:40,040
Speaker 3: There's been a massive shit.

591
00:29:39,880 --> 00:29:40,960
Speaker 2: Talked about that yesterday.

592
00:29:40,960 --> 00:29:43,320
Speaker 1: How the United Center in Chicago is now going to

593
00:29:43,360 --> 00:29:45,280
Speaker 1: be serving THC infuse.

594
00:29:45,640 --> 00:29:46,840
Speaker 3: That just blows my mind.

595
00:29:46,920 --> 00:29:48,560
Speaker 4: I mean, I remember the first time I saw a

596
00:29:48,680 --> 00:29:52,600
Speaker 4: legal marijuana dispensary and I was like, that is just insane.

597
00:29:52,640 --> 00:29:54,760
Speaker 4: After growing up in the eighties in the Say No

598
00:29:54,880 --> 00:29:57,440
Speaker 4: to Drugs campaign and how all of this is illegal,

599
00:29:57,480 --> 00:29:59,560
Speaker 4: and then just to have a dispensary where you can

600
00:29:59,600 --> 00:30:01,440
Speaker 4: walk in and buipot.

601
00:30:01,240 --> 00:30:03,120
Speaker 2: Onlie walking they can deliver it to you.

602
00:30:03,280 --> 00:30:05,640
Speaker 3: It could when we lived in Michigan, I would see

603
00:30:05,640 --> 00:30:06,680
Speaker 3: advertising all.

604
00:30:06,600 --> 00:30:09,080
Speaker 1: The cod that everything would be shut down except for

605
00:30:09,120 --> 00:30:12,960
Speaker 1: the pot stores and you could literally drive through drive

606
00:30:13,040 --> 00:30:14,560
Speaker 1: through marijuana.

607
00:30:14,200 --> 00:30:15,680
Speaker 3: Or have it delivered to you.

608
00:30:15,760 --> 00:30:18,000
Speaker 4: But it's so it's amazing that this is where we've

609
00:30:18,000 --> 00:30:20,080
Speaker 4: gotten to and now it's taken to the next level

610
00:30:20,200 --> 00:30:22,440
Speaker 4: where I can go to a Chicago Blackhawks game at

611
00:30:22,440 --> 00:30:26,479
Speaker 4: the United Center and get a THCHC infused beverage instead

612
00:30:26,520 --> 00:30:27,920
Speaker 4: of a you know, sixteen ounce beer.

613
00:30:28,120 --> 00:30:30,520
Speaker 1: There are some brands that are jumping on the Shirley

614
00:30:30,560 --> 00:30:35,080
Speaker 1: Temple flavor. Oli Pop has released a limited time Shirley

615
00:30:35,120 --> 00:30:37,320
Speaker 1: Temple and also Poppy.

616
00:30:38,000 --> 00:30:42,800
Speaker 4: Now recently I had it wasn't called non alcoholic champagne.

617
00:30:42,800 --> 00:30:44,320
Speaker 4: I don't know if this's just marketing, but I don't

618
00:30:44,360 --> 00:30:48,240
Speaker 4: think it is. It was called alcohol removed champagne.

619
00:30:48,280 --> 00:30:49,120
Speaker 2: It was pretty good.

620
00:30:49,560 --> 00:30:51,400
Speaker 3: I was surprised at how good it was.

621
00:30:51,440 --> 00:30:53,680
Speaker 4: And I think the difference is, you know, like a

622
00:30:53,720 --> 00:30:56,280
Speaker 4: non alcoholic champagne would just be grape juice that they

623
00:30:56,320 --> 00:30:58,720
Speaker 4: put some bubbles in. But I think when it's referred

624
00:30:58,720 --> 00:31:01,400
Speaker 4: to alcohol removed, I think it goes through the entire

625
00:31:02,000 --> 00:31:06,560
Speaker 4: quote unquote brewing process and aging process, and then it's

626
00:31:06,600 --> 00:31:09,160
Speaker 4: put through another process that removes the alcohol. And I

627
00:31:09,200 --> 00:31:11,680
Speaker 4: think that what the end goal of that is the

628
00:31:11,720 --> 00:31:16,480
Speaker 4: flavor is more like a traditional champagne or a traditional

629
00:31:16,520 --> 00:31:18,960
Speaker 4: wine than just kind of a grape juice sort of thing.

630
00:31:19,080 --> 00:31:28,760
Speaker 1: You're listening to ninety three WYBC. Let's talk about Trump Accounts.

631
00:31:29,000 --> 00:31:31,920
Speaker 1: It's the new government backed savings and investment program for

632
00:31:32,040 --> 00:31:37,120
Speaker 1: children created under the Trump Administration's Big Beautiful Bill. Here's

633
00:31:37,160 --> 00:31:41,480
Speaker 1: the breakdown It is a tax advantage investment account which

634
00:31:41,480 --> 00:31:44,880
Speaker 1: you set up for your kids. Children born between January first,

635
00:31:44,920 --> 00:31:48,120
Speaker 1: twenty twenty five and December thirty first of twenty twenty

636
00:31:48,160 --> 00:31:51,040
Speaker 1: eight will be eligible, and it will affect about twenty

637
00:31:51,080 --> 00:31:52,480
Speaker 1: five million children.

638
00:31:54,600 --> 00:31:57,080
Speaker 4: You know, I'm kind of torn on this, you know,

639
00:31:57,120 --> 00:31:59,480
Speaker 4: I wish they had this going on when our daughter

640
00:31:59,680 --> 00:32:02,400
Speaker 4: was this age and we qualified for it, but fortunately

641
00:32:02,400 --> 00:32:02,719
Speaker 4: we're not.

642
00:32:03,760 --> 00:32:04,960
Speaker 3: On one side of me, it's.

643
00:32:04,760 --> 00:32:07,920
Speaker 4: Like, hey, can we please just stop spending money in Washington?

644
00:32:07,960 --> 00:32:10,880
Speaker 4: Can we please just stop spending money on all these

645
00:32:10,920 --> 00:32:14,120
Speaker 4: crazy things and ideas that Washington has. And it's another

646
00:32:14,240 --> 00:32:18,040
Speaker 4: example of the federal government choosing winners and losers. And

647
00:32:18,080 --> 00:32:20,400
Speaker 4: the winners in this case are young families, and the

648
00:32:20,480 --> 00:32:23,560
Speaker 4: losers in this case are everybody else that didn't have

649
00:32:23,600 --> 00:32:26,280
Speaker 4: a kid between twenty twenty five and twenty twenty eight.

650
00:32:26,560 --> 00:32:28,800
Speaker 3: There is some good that's part of this. Look.

651
00:32:28,840 --> 00:32:32,040
Speaker 4: I think as a nation, we have been awful at

652
00:32:32,080 --> 00:32:35,440
Speaker 4: saving money. Every time you turn around, there's another report

653
00:32:35,480 --> 00:32:37,400
Speaker 4: out that says, you know, a five hundred or one

654
00:32:37,400 --> 00:32:41,160
Speaker 4: thousand dollars unexpected expense would be you know break. You know,

655
00:32:41,240 --> 00:32:43,640
Speaker 4: over fifty percent of the people in this country our

656
00:32:43,680 --> 00:32:46,520
Speaker 4: savings rate is terrible. People aren't saving enough for retirement.

657
00:32:46,560 --> 00:32:49,200
Speaker 4: So I think that an idea coming from the government

658
00:32:49,240 --> 00:32:51,960
Speaker 4: that creates a I don't want to say a forced

659
00:32:52,000 --> 00:32:54,680
Speaker 4: savings account, but at least something to give a boost

660
00:32:54,960 --> 00:32:57,239
Speaker 4: to childhood savings is great. And then I love what

661
00:32:57,280 --> 00:33:00,560
Speaker 4: we've seen after this because so many businesses have come

662
00:33:00,600 --> 00:33:02,440
Speaker 4: out and said, hey, you know you work for us,

663
00:33:02,480 --> 00:33:03,920
Speaker 4: We're going to match this, We'll match.

664
00:33:04,000 --> 00:33:06,480
Speaker 1: There's been a lot of businesses that have come out

665
00:33:06,480 --> 00:33:07,480
Speaker 1: and said they're going to match it.

666
00:33:07,560 --> 00:33:09,600
Speaker 2: You've got Intel saying they're going to match.

667
00:33:09,960 --> 00:33:12,320
Speaker 1: Bank of America is going to match one thousand dollars

668
00:33:12,480 --> 00:33:16,680
Speaker 1: government deposits and Turning Point USA so that they were

669
00:33:16,680 --> 00:33:18,960
Speaker 1: going to match, and the account is going to stay

670
00:33:19,000 --> 00:33:22,320
Speaker 1: invested until the child turns eighteen. The funds could be

671
00:33:22,440 --> 00:33:26,000
Speaker 1: used for qualified expenses and those include education, buying a home,

672
00:33:26,120 --> 00:33:29,400
Speaker 1: or starting a business. And the point of the program

673
00:33:29,520 --> 00:33:33,240
Speaker 1: is to encourage early investing and wealth building, also to

674
00:33:33,280 --> 00:33:38,680
Speaker 1: improve financial literacy. Here is Donald Trump talking about another company, Visa,

675
00:33:39,080 --> 00:33:42,960
Speaker 1: creating a brand new platform. They're not going to be matching,

676
00:33:43,520 --> 00:33:48,120
Speaker 1: but you can do cash back rewards directly into Trump accounts.

677
00:33:48,400 --> 00:33:51,560
Speaker 8: This morning, I'm also pleased to announce that Visa is

678
00:33:51,640 --> 00:33:55,560
Speaker 8: creating a brand new platform which will allow credit cardholders

679
00:33:55,560 --> 00:33:59,959
Speaker 8: to deposit their cash back rewards directly into Trump account

680
00:34:00,120 --> 00:34:02,360
Speaker 8: sets A big deal, Visa. Thank you?

681
00:34:03,160 --> 00:34:04,880
Speaker 3: Where's Visa ahead of visa?

682
00:34:05,240 --> 00:34:05,880
Speaker 2: Where's Visa?

683
00:34:06,000 --> 00:34:06,719
Speaker 6: Thank you very much?

684
00:34:06,800 --> 00:34:07,840
Speaker 3: Good stand up. Visa.

685
00:34:09,840 --> 00:34:12,400
Speaker 1: Critics worry that the higher income families they're going to

686
00:34:12,480 --> 00:34:17,160
Speaker 1: benefit more because they can contribute more money. Total contributions

687
00:34:17,200 --> 00:34:20,279
Speaker 1: are going to be capped at five thousand dollars per

688
00:34:20,360 --> 00:34:21,560
Speaker 1: year per child.

689
00:34:21,719 --> 00:34:23,960
Speaker 4: But this is again the biggest problem I have with it. Look,

690
00:34:24,000 --> 00:34:26,920
Speaker 4: if we had a balanced budget and our debt was

691
00:34:27,200 --> 00:34:30,200
Speaker 4: less than its current thirty eight and a half trillion dollars,

692
00:34:30,239 --> 00:34:32,480
Speaker 4: this might be something I could get behind and be

693
00:34:32,560 --> 00:34:33,200
Speaker 4: supportive of.

694
00:34:33,440 --> 00:34:35,120
Speaker 3: But we just don't have the money for this.

695
00:34:35,320 --> 00:34:37,799
Speaker 4: We keep spending money that we don't have the money for,

696
00:34:37,920 --> 00:34:41,000
Speaker 4: and no matter how good of a cause it looks.

697
00:34:41,000 --> 00:34:43,359
Speaker 3: We don't have the money to do it.

698
00:34:43,400 --> 00:34:45,680
Speaker 4: And again, back to what I said before, it's picking

699
00:34:45,760 --> 00:34:46,800
Speaker 4: winners and losers.

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00:34:46,800 --> 00:34:48,200
Speaker 3: Look, I feel like I've been left on.

701
00:34:48,160 --> 00:34:51,279
Speaker 4: The sideline and all this. You know, no tax on tips, Well,

702
00:34:51,320 --> 00:34:54,680
Speaker 4: I don't work on an industry that tax service industry,

703
00:34:55,120 --> 00:34:58,800
Speaker 4: No tax on overtime. Well, again, I don't qualify for overtime.

704
00:34:58,880 --> 00:35:01,200
Speaker 4: I'm exempt from overtime. We're gonna give a one thousand

705
00:35:01,280 --> 00:35:03,839
Speaker 4: dollars to every kid that was born between twenty twenty

706
00:35:03,920 --> 00:35:06,080
Speaker 4: five and twenty twenty eight. Yeah, I didn't have a

707
00:35:06,160 --> 00:35:09,360
Speaker 4: child between twenty twenty five and twenty twenty eight. Picking

708
00:35:09,640 --> 00:35:15,240
Speaker 4: winners and losers, creating carve outs with your tax dollars

709
00:35:15,280 --> 00:35:19,040
Speaker 4: for specific constituency groups. And that's the biggest problem that.

710
00:35:19,040 --> 00:35:19,759
Speaker 3: I have with all of this.

711
00:35:19,920 --> 00:35:22,719
Speaker 1: So you have the Treasury Secretary Scott Bessett. He was

712
00:35:22,800 --> 00:35:26,960
Speaker 1: on CBS Saturday morning and he said that the Trump

713
00:35:27,000 --> 00:35:32,239
Speaker 1: accounts are a rainy day fund and if you're against them,

714
00:35:32,680 --> 00:35:37,919
Speaker 1: then you're out of touch. Okay, You've also got Bank

715
00:35:37,960 --> 00:35:41,480
Speaker 1: of America, JP, Morgan Chase. They announced that they will

716
00:35:41,520 --> 00:35:43,840
Speaker 1: contribute to these accounts as well.

717
00:35:44,200 --> 00:35:46,399
Speaker 4: And the other big part of this too is now

718
00:35:46,480 --> 00:35:48,880
Speaker 4: there's going to need to be an infrastructure set up

719
00:35:48,920 --> 00:35:50,960
Speaker 4: to manage these account So you're going to.

720
00:35:50,960 --> 00:35:52,080
Speaker 2: Say now we're down to it.

721
00:35:52,120 --> 00:35:54,279
Speaker 1: That's an easy way for these companies who were all

722
00:35:54,280 --> 00:35:56,799
Speaker 1: getting involved, to divest and to.

723
00:35:56,760 --> 00:35:59,319
Speaker 4: Start making an incredible of money about of money off

724
00:35:59,360 --> 00:36:01,960
Speaker 4: of fee associated with these accounts. Whenever you've got a

725
00:36:02,040 --> 00:36:04,560
Speaker 4: mutual fund, whenever you've got an account you're buying certain

726
00:36:04,640 --> 00:36:07,120
Speaker 4: things with Vanguard or for Deelity or any of these

727
00:36:07,719 --> 00:36:11,720
Speaker 4: money management firms. There are annual fees tacked onto everything,

728
00:36:11,760 --> 00:36:14,759
Speaker 4: and my fear is that certain companies will take advantage

729
00:36:14,760 --> 00:36:17,680
Speaker 4: of that start charging absorbitive phe. It kind of reminds

730
00:36:17,719 --> 00:36:20,280
Speaker 4: me a lot about the current way that we're managing

731
00:36:20,280 --> 00:36:23,040
Speaker 4: our healthcare in this nation. We've got the insurance companies

732
00:36:23,280 --> 00:36:26,560
Speaker 4: in between us, the consumers, and our healthcare providers. The

733
00:36:26,600 --> 00:36:28,640
Speaker 4: insurance companies are sitting in the middle, and it seems

734
00:36:28,640 --> 00:36:31,319
Speaker 4: like the healthcare providers are getting squeezed. We know us

735
00:36:31,360 --> 00:36:33,759
Speaker 4: as taxpayers, we're getting squeezed, and it seems like the

736
00:36:33,800 --> 00:36:35,840
Speaker 4: insurance companies are making all the money. I fear that

737
00:36:35,880 --> 00:36:38,600
Speaker 4: we may be seeing the exact same thing getting set

738
00:36:38,640 --> 00:36:40,960
Speaker 4: up here to where the government's gonna get squeezed and

739
00:36:41,000 --> 00:36:43,160
Speaker 4: have to put money in these accounts. We know, as

740
00:36:43,200 --> 00:36:46,439
Speaker 4: taxpayers we're getting squeezed. The money management companies they're gonna

741
00:36:46,480 --> 00:36:48,200
Speaker 4: love this because they're gonna make all the money.

742
00:36:48,440 --> 00:36:50,320
Speaker 2: It will be a nice bonus for these companies.

743
00:36:50,360 --> 00:36:53,839
Speaker 1: That are contributing to it. Said the program already has

744
00:36:53,880 --> 00:36:55,480
Speaker 1: seen six hundred thousand.

745
00:36:55,239 --> 00:36:59,200
Speaker 2: Sign ups in one week. It is ninety three WYBC.

746
00:36:59,320 --> 00:37:01,840
Speaker 1: Nikki Kelly from the Indiana Capitol Chronicle is going to

747
00:37:01,920 --> 00:37:11,800
Speaker 1: join US next sh