WEBVTT - Episode 4666: Tony Katz Today Hour 3 - 08/12/26 0:00:05.160 --> 0:00:10.800 Why From ball Hartbiner and the Crossroads of America. It's 0:00:10.880 --> 0:00:14.000 Tony Katz today. The update with I Ran is that 0:00:14.040 --> 0:00:16.720 we're still a war of some kinds. I mean, that's 0:00:17.160 --> 0:00:19.000 really all there. 0:00:18.880 --> 0:00:20.160 Is to say, Tony Katz. 0:00:20.239 --> 0:00:23.480 Tony Katz today, Good to be here, Good to be 0:00:23.640 --> 0:00:28.200 with you, President Trump. He doesn't seem concerned, doesn't seem worried, 0:00:28.320 --> 0:00:32.279 doesn't seem to have a care in the world about it, 0:00:32.360 --> 0:00:35.040 and still wants to push the idea that, of course 0:00:35.960 --> 0:00:41.640 we control the Strait of Hormuz, and prices are dropping fast. 0:00:41.760 --> 0:00:42.920 The country is doing well. 0:00:43.040 --> 0:00:47.440 The Sack Park is fantastic, record We have seventy nine 0:00:47.520 --> 0:00:50.480 records so far in a short period of time. Four 0:00:50.520 --> 0:00:53.040 people are working right now in the United States and 0:00:53.120 --> 0:00:58.280 ever before, and prices are dropping fast. Iran is going fine, 0:00:58.720 --> 0:01:03.400 going just absolutely fine. We totally control the Strait of Hormos. 0:01:03.480 --> 0:01:06.920 We have control over it, nobody else, only US. Our 0:01:07.000 --> 0:01:09.880 navy is unbelievable and things are going great. 0:01:09.880 --> 0:01:10.640 For a cushy. 0:01:11.000 --> 0:01:15.520 I don't know how I'm supposed to respond to that, sir. 0:01:16.959 --> 0:01:19.040 I don't know how I supposed to respond when we're 0:01:19.040 --> 0:01:22.480 still over eighty dollars a barrel on oil, and it 0:01:22.640 --> 0:01:23.279 went up. 0:01:25.240 --> 0:01:26.560 Down a little bit from yesterday. 0:01:26.680 --> 0:01:30.000 I like that, but still above the seventy five number, 0:01:30.800 --> 0:01:33.600 which I'm supposed to believe is some kind of really 0:01:33.760 --> 0:01:38.600 important number to cost. And then you have the Wall 0:01:38.640 --> 0:01:41.640 Street Journal story about Iran and the survival economy. This 0:01:41.720 --> 0:01:45.840 goes to something we discussed yesterday. I believe in total honesty, 0:01:46.720 --> 0:01:51.000 and I believe in approaching everything with that, regardless of 0:01:51.040 --> 0:01:51.880 who gets upset. 0:01:53.880 --> 0:01:54.800 I believe that. 0:01:54.840 --> 0:01:59.080 Everything with Iran is winnable. You just have to be 0:01:59.120 --> 0:02:02.000 willing to do it. The conversation with Leland Viitddert of 0:02:02.080 --> 0:02:04.160 News Nation yesterday, it was about whether or not there's 0:02:04.200 --> 0:02:07.360 the will, and his argument was Iran has the will 0:02:07.480 --> 0:02:08.120 and we don't. 0:02:09.440 --> 0:02:11.440 I don't believe that part to be true. 0:02:13.080 --> 0:02:15.240 I understand that that's what it looks like right now, 0:02:15.280 --> 0:02:17.520 but I've spent a lot of time thinking about that 0:02:17.560 --> 0:02:21.120 and going over that conversation. Am I to believe that 0:02:21.160 --> 0:02:25.120 President Trump doesn't have the will to end the Islamic regime. 0:02:26.320 --> 0:02:29.520 I believe that it is not his first choice. His 0:02:29.560 --> 0:02:32.160 first choice is to get the win. We've talked about 0:02:32.160 --> 0:02:36.840 this a million times, a million times that for Trump, 0:02:37.440 --> 0:02:39.239 the first rule of trump Ism is Trump wins. The 0:02:39.280 --> 0:02:40.880 second rule of trump Ism is that a deal can 0:02:40.919 --> 0:02:42.519 always be made as long as it adheres to the 0:02:42.520 --> 0:02:45.520 first rule of trump Ism. That is true, and he 0:02:45.560 --> 0:02:50.040 can declare victory anytime, and he could say, Okay, they're 0:02:50.120 --> 0:02:53.760 not having a nuclear weapon and control of the Strait 0:02:53.880 --> 0:02:55.359 is done, We're done. 0:02:55.800 --> 0:02:58.000 He could do that anytime he wants. 0:02:58.160 --> 0:03:03.760 He always leaves himself that opportunity, always, always, always, always, 0:03:03.840 --> 0:03:08.160 always leaves himself that opportunity. But the question before us 0:03:08.280 --> 0:03:14.480 is if he doesn't get those things with clarity, then 0:03:15.120 --> 0:03:18.000 he's got a legacy issue. This was my argument that 0:03:18.120 --> 0:03:23.480 if you have the Iranians enriching uranium at all, one 0:03:23.560 --> 0:03:28.960 centrifuge spins legacy shattered. That's reality. That's the harsh reality. 0:03:29.000 --> 0:03:31.240 And certainly that had to be known going into all 0:03:31.280 --> 0:03:34.480 of this. And I'll say it again, I support ending 0:03:34.560 --> 0:03:38.200 the regime. I support ending these terrorists so we don't 0:03:38.200 --> 0:03:42.680 have to put up with these terrorists anymore. I absolutely 0:03:42.720 --> 0:03:47.040 support ending them. The President was okay with the idea 0:03:47.160 --> 0:03:50.520 of behavior change. I think this was a mistake, an 0:03:50.560 --> 0:03:53.240 incredible mistake on his part. You had to know that 0:03:53.360 --> 0:03:55.200 you're going to do the thing. You have to do 0:03:55.280 --> 0:03:58.920 the thing in totality. But there was the story as 0:03:58.960 --> 0:04:00.920 I was talking about from the war Wall Street Journal 0:04:01.880 --> 0:04:08.240 about the survival economy, and I said, this falls into 0:04:08.240 --> 0:04:12.200 the conversation we had yesterday. And I am not somebody 0:04:12.720 --> 0:04:16.560 who buys into this. Iran is defying US pressure by 0:04:16.560 --> 0:04:21.480 becoming a survival economy. Who in Iran is becoming the 0:04:21.520 --> 0:04:26.760 survival economy? That's the question before US. Tehran's leaders focus 0:04:26.839 --> 0:04:31.000 on subsistence in bid to outlast sanctions in a naval blockade. 0:04:31.680 --> 0:04:32.760 So the people. 0:04:32.520 --> 0:04:35.039 Aren't in on this, The people aren't down for this. 0:04:35.760 --> 0:04:40.080 The IRGC is saying that we're okay living on rice 0:04:40.160 --> 0:04:45.320 and water. We are absolutely going to outlast because you 0:04:46.080 --> 0:04:48.240 can't handle high gas prices. 0:04:48.520 --> 0:04:52.400 That's now. So we have the argument here. 0:04:52.440 --> 0:04:54.719 We have what it is and we can keep this 0:04:54.800 --> 0:04:56.599 is Iran speaking of the Ranium regime. 0:04:56.640 --> 0:04:59.000 We can keep throwing bombs and drones at. 0:04:59.080 --> 0:05:01.160 US bases and can kill a soldier here and kill 0:05:01.160 --> 0:05:04.599 a soldier there, and you guys can't take it. Well, 0:05:04.640 --> 0:05:08.360 this would tell me certainly that you don't stop the bombings. 0:05:08.720 --> 0:05:11.039 And certainly, as we've discussed, the deal has to be made. 0:05:11.320 --> 0:05:14.240 With the other nations in the Gulf, and they're going 0:05:14.320 --> 0:05:16.240 to have to be the ones who go in, or 0:05:16.279 --> 0:05:18.440 you're going to have to arm the Kurds. There are 0:05:18.520 --> 0:05:22.400 a lot of options. The question is will they be taken? 0:05:24.279 --> 0:05:32.080 But the idea that Iran is this defiant power the 0:05:32.240 --> 0:05:34.680 problem with this story. It's the same story with the 0:05:34.680 --> 0:05:38.680 people who utilize the term for forever wars. It doesn't 0:05:38.720 --> 0:05:43.000 mean anything. That's what they're doing today after what we 0:05:43.040 --> 0:05:45.440 already did to them. What if what we did to 0:05:45.480 --> 0:05:47.680 them we keep doing to them. Exactly how long does 0:05:47.720 --> 0:05:53.760 their survival economy last? How long does it last? And 0:05:53.839 --> 0:05:58.520 the answer is can't be very long. They this is 0:05:58.560 --> 0:06:04.159 an admission of their issues, rationing scarce goods, limiting access 0:06:04.160 --> 0:06:08.880 to foreign currency, slashing investment, putting the burden onto households, 0:06:09.120 --> 0:06:13.440 preserving imports, trying to keep safe a machinery of the state, 0:06:15.600 --> 0:06:19.200 rising poverty, you get dysfunction. But it allows them to 0:06:19.200 --> 0:06:22.200 stall the talks with the United States. I would look 0:06:22.240 --> 0:06:24.840 at that as opportunity, and I would look at that 0:06:24.880 --> 0:06:28.480 and say, this means that there's an opportunity for further 0:06:28.560 --> 0:06:31.880 and further unrest amongst the Iranian people to happen to 0:06:32.000 --> 0:06:36.040 allow them to further and further rise up against the regime. Now, 0:06:36.040 --> 0:06:39.560 the regime are a bunch of murderers. They've murdered sixty 0:06:39.640 --> 0:06:44.160 seventy thousand people. To be clear, they the Iranian regime, 0:06:44.200 --> 0:06:48.440 have murdered more of their citizens than Hamas fighting terrorists. 0:06:48.440 --> 0:06:51.840 Lowlifes were killed by the Israelis. Yet somehow Israel is 0:06:51.960 --> 0:06:54.080 the group guilty of genocide. 0:06:54.440 --> 0:06:55.400 Stop it right there. 0:06:55.880 --> 0:06:58.440 We could just end that whole conversation, as that conversation 0:06:58.520 --> 0:07:02.960 has well been ended. It said, it's noise, it's pablem 0:07:03.560 --> 0:07:09.520 said in a regurgitated Pavlovian response by nonsense merchants. Of 0:07:09.600 --> 0:07:13.000 course everybody knows this, and of course everybody knows that 0:07:13.040 --> 0:07:15.960 Hamas is a terrorist organization that started this fight, and 0:07:16.000 --> 0:07:20.160 that the quote unquote Palestinian people in the main supported 0:07:20.160 --> 0:07:23.600 Hamas and didn't do anything to help free those hostages. 0:07:24.000 --> 0:07:26.800 Hostages held and people knew where they were and no 0:07:26.840 --> 0:07:27.400 one did a thing. 0:07:27.400 --> 0:07:28.960 They were fine with it. They were good with it. 0:07:29.600 --> 0:07:32.520 Let's not think that we're dealing with the poor downtrodden 0:07:32.600 --> 0:07:36.120 people there. These are people abused by Hamas. These are 0:07:36.120 --> 0:07:40.400 people who abused the Israelis, these Jews and Americans and others, 0:07:40.400 --> 0:07:42.680 by the way, and they were thrilled to do it. 0:07:43.120 --> 0:07:46.520 No one wants to discuss this reality, but it is 0:07:46.560 --> 0:07:48.640 indeed a reality. 0:07:48.680 --> 0:07:49.600 It is the. 0:07:49.400 --> 0:07:55.560 Factual situation on the ground. Iran has murdered more people. 0:07:55.680 --> 0:07:59.440 No one calls them genocidal. It seems pretty genocidal to 0:07:59.480 --> 0:08:04.560 anybody who has a brain and who is thinking. If 0:08:04.560 --> 0:08:06.640 you want the people to rise up, you have to 0:08:06.720 --> 0:08:09.400 give them the skill set by which to rise up, 0:08:09.520 --> 0:08:11.880 which means you have to arm them. 0:08:11.920 --> 0:08:14.760 One way or another. Now, how do you arm the people? 0:08:14.760 --> 0:08:17.440 Well, this is the conversation about the Kurds, and how 0:08:17.440 --> 0:08:19.680 do you arm the Kurds, which is this ethnic group 0:08:19.720 --> 0:08:23.120 that comes from the region. There's a tremendous, tremendous population, 0:08:24.080 --> 0:08:27.040 and you can do that and they will do the work. 0:08:27.040 --> 0:08:30.119 They've stated through reporting that they will do the work. 0:08:30.760 --> 0:08:33.680 And if they will do the work, why aren't we 0:08:33.720 --> 0:08:34.120 doing it. 0:08:34.320 --> 0:08:35.839 Well, one of the reasons we're not doing it is 0:08:35.880 --> 0:08:40.079 because this was a plan from the Israelis, and it 0:08:40.360 --> 0:08:43.520 was jd Vance who got wind of it and. 0:08:43.520 --> 0:08:46.199 Said, now, let's let's not do this. 0:08:46.320 --> 0:08:48.440 Hey, let's leak this, let's not get this out there, 0:08:48.520 --> 0:08:52.840 let's not do this thing, and that was the end 0:08:52.920 --> 0:08:58.400 of that. A mistake, in my view, a massive mistake. 0:08:58.520 --> 0:08:59.240 In my view. 0:08:59.600 --> 0:09:01.960 Now, one could have argued that, hey, maybe this plan 0:09:02.120 --> 0:09:05.920 isn't the best plan. That's at least a conversation amongst 0:09:05.960 --> 0:09:08.640 military experts, people in the know. People have an idea. Okay, 0:09:08.800 --> 0:09:10.880 if you do this, here's the reaction to this, and 0:09:11.080 --> 0:09:13.080 here's how this group is going to respond. Here's how 0:09:13.120 --> 0:09:15.480 this other group is going to do things right. You 0:09:15.559 --> 0:09:19.280 could have all of that. But to say, hey, let 0:09:19.360 --> 0:09:22.600 me leak this so nothing happens whatsoever and eliminate the possibility, 0:09:23.360 --> 0:09:29.120 I think that's an absolutely massive mistake, a serious, serious error. 0:09:29.160 --> 0:09:31.840 But it goes along with jd Vance's view of this, 0:09:32.120 --> 0:09:34.880 and Jade Vance's view of this is not a good view. 0:09:37.160 --> 0:09:40.880 You either end the regime or we stay in this place. 0:09:41.400 --> 0:09:44.679 President Trump seems okay to stay in this place where 0:09:44.760 --> 0:09:48.160 the blockade is there. You keep saying that the Strait 0:09:48.240 --> 0:09:50.640 is in our control, but nothing shows that it's in 0:09:50.720 --> 0:09:54.400 our control, and you weight them out the siege mentality. 0:09:55.240 --> 0:09:58.080 I don't think you have a siege mentality without continued bombings. 0:09:58.120 --> 0:10:00.440 I think that's a big mistake. I think you have 0:10:00.480 --> 0:10:04.840 to make things uncomfortable for the IRGC, and the way 0:10:04.840 --> 0:10:08.440 you make things uncomfortable for the IRGC is they have 0:10:08.520 --> 0:10:11.720 to die. There's ways to do that. You could do 0:10:11.760 --> 0:10:13.640 it from the air, but I think you're gonna need people. 0:10:14.559 --> 0:10:18.839 You're going to need people on the ground. I want 0:10:18.880 --> 0:10:21.439 to hear more from the President about the pressure put 0:10:21.520 --> 0:10:25.880 on these Gulf nations. And you'll note you still haven't 0:10:25.920 --> 0:10:31.719 seen any movement from the Israelis. Absolutely nothing still on 0:10:31.760 --> 0:10:33.520 the Sidelast. The only thing you've heard from the Israelis 0:10:33.520 --> 0:10:36.400 recently is that they looked at the deal regarding a 0:10:36.440 --> 0:10:39.079 Hamas surrender and they're like, Nah, that's not going to work. 0:10:39.240 --> 0:10:42.800 We're not pulling a single troop out of Gaza until 0:10:43.040 --> 0:10:47.600 every Hamas fighter has surrendered and we have every single weapon. 0:10:48.600 --> 0:10:50.080 Well, I don't know how you're going to prove that. 0:10:50.360 --> 0:10:52.319 So there we are there. 0:10:53.120 --> 0:10:55.040 I mean, I like this idea of the border peace, 0:10:55.040 --> 0:10:56.720 although I think it's a terrible name, and I like 0:10:56.760 --> 0:11:00.120 the idea of other nations investing in Gaza therefore and 0:11:00.160 --> 0:11:00.920 some skin in the game. 0:11:01.320 --> 0:11:02.199 I like all of that. 0:11:03.480 --> 0:11:07.040 The whole rethink of the Middle East I like, but 0:11:07.120 --> 0:11:09.880 that rethink is coming from the president, and it has 0:11:09.880 --> 0:11:12.559 had levels of success. Why isn't that rethink coming from 0:11:12.559 --> 0:11:16.040 the other Middle East nations saying if Aram's gone, our 0:11:16.120 --> 0:11:18.559 life is easier, If this regime is gone, our life 0:11:18.679 --> 0:11:20.720 is better. What are we doing? What are we waiting for? 0:11:21.559 --> 0:11:24.920 They've never been this week. Let's go to work, Tony, 0:11:24.960 --> 0:11:26.760 their week. But they're still able to do this, this, this, this, 0:11:26.800 --> 0:11:29.480 and this, Yes, and imagine what happens, and they could 0:11:29.480 --> 0:11:31.760 have a nuclear weapon. So I'm glad we took out 0:11:31.800 --> 0:11:34.719 those facilities. I am Tony. They were never close to 0:11:34.760 --> 0:11:36.840 a nuclear weapon. It was all a lie. I don't 0:11:36.840 --> 0:11:39.600 believe any of that, Like I don't believe that the 0:11:39.720 --> 0:11:42.400 US was forced into this, manipulated by Israel. I don't 0:11:42.400 --> 0:11:45.600 believe in any of that either, Not for a second 0:11:45.720 --> 0:11:48.880 do I buy into any of that. The threat is 0:11:48.880 --> 0:11:51.040 the threat, and they've always shown themselves to be the threat, 0:11:51.200 --> 0:11:53.079 and they're still showing themselves to be the threat. So 0:11:53.120 --> 0:11:55.680 I don't know why anybody would think that somehow you 0:11:55.720 --> 0:11:57.760 had to be drawn into something when it was clear 0:11:58.200 --> 0:11:59.120 and obvious. 0:12:00.080 --> 0:12:01.800 But there's a reason that Israel right now is on 0:12:01.840 --> 0:12:02.319 the sidelines. 0:12:02.320 --> 0:12:04.280 There's a reason that being kept on the sidelines that 0:12:04.360 --> 0:12:06.880 much is crystal crystal, crystal clear. 0:12:08.600 --> 0:12:10.880 And I don't know why at this moment they. 0:12:10.720 --> 0:12:14.200 Aren't being unleashed to do more of what they can do, 0:12:14.240 --> 0:12:17.679 which is this precision attack, precision fighting, and maybe further 0:12:17.760 --> 0:12:20.800 crack the IRGC, which would create opportunities for us. 0:12:20.920 --> 0:12:21.760 Maybe that's coming. 0:12:23.760 --> 0:12:26.760 But the idea of Iran is able to wade us 0:12:26.800 --> 0:12:31.839 out because they are in a survival economy. 0:12:32.640 --> 0:12:36.319 That's now, when the water runs. 0:12:36.040 --> 0:12:37.640 Out, when the beans run out, you know, you know 0:12:37.679 --> 0:12:40.240 what I mean, there comes a moment where this becomes 0:12:40.280 --> 0:12:44.920 more and more untenable for the people, and they are 0:12:45.200 --> 0:12:47.560 something you have to contend with. Now, the world's going 0:12:47.640 --> 0:12:50.120 to watch these people get murdered by the Iranian regime. Well, 0:12:50.200 --> 0:12:54.680 so far they have, world's done absolutely nothing. How long 0:12:54.720 --> 0:12:55.440 does that last? 0:12:56.160 --> 0:12:56.319 Oh? 0:12:56.360 --> 0:12:59.840 Yeah, this is a high stakes game, no question, this 0:13:00.160 --> 0:13:04.360 is a serious high stakes game. If we're going to 0:13:04.440 --> 0:13:08.080 go the siege route, I don't have a choice. That's 0:13:08.120 --> 0:13:12.200 the update we go the siege route. Does Iran have 0:13:12.320 --> 0:13:14.640 the desire to wait us out? Absolutely? 0:13:14.720 --> 0:13:18.520 Right now? Do they have will? Absolutely? Do we I 0:13:18.520 --> 0:13:19.080 would hope so? 0:13:20.400 --> 0:13:23.560 And do I think that President Trump has wholly given 0:13:23.640 --> 0:13:26.760 up on this. He actually don't. Maybe you can call 0:13:26.800 --> 0:13:28.520 it naive it, maybe you can call it hope. It's 0:13:28.559 --> 0:13:32.560 just I think he's trying different tactics in all the ways. 0:13:32.559 --> 0:13:35.880 He tries different things, and if it's come to a 0:13:35.880 --> 0:13:37.760 place of weigh him out, he's gonna try it to 0:13:38.160 --> 0:13:40.240 wag him out, especially if he. 0:13:40.200 --> 0:13:42.319 Doesn't think it hurts him too bad. 0:13:43.280 --> 0:13:47.040 Just stop saying that the strait is open, we have control. 0:13:48.200 --> 0:13:51.280 If we had control, oil would be below eighty dollars 0:13:51.320 --> 0:13:56.560 a barrel. We don't yet, So get it or stop 0:13:56.600 --> 0:14:00.480 saying it. That's that is, at the very least, would 0:14:00.520 --> 0:14:03.559 make us all happy because we're tired of hearing. 0:14:03.760 --> 0:14:05.640 The nonsense about this. 0:14:06.320 --> 0:14:08.640 Keep it here. I'm Tony Kats. Find everything at tonycats 0:14:08.640 --> 0:14:10.640 dot com. This is Tony Kats today. 0:14:11.160 --> 0:14:14.560 We've got twelve and a half billion dollars a little 0:14:14.679 --> 0:14:17.120 less than a year ago, about ten months ago, and 0:14:17.160 --> 0:14:20.440 we have been working over time to deliver for the 0:14:20.440 --> 0:14:25.400 American people. So thus far we have changed out sixty 0:14:25.480 --> 0:14:30.080 percent of the copper to fiber. Once we get done 0:14:30.120 --> 0:14:33.040 switching over to fiber, where they're going to have to 0:14:33.040 --> 0:14:37.400 take our network from analog to digital. Don't laugh at us. 0:14:38.160 --> 0:14:41.280 Most companies have done this years ago. We are about 0:14:41.280 --> 0:14:42.680 to do that here at the FAA. 0:14:43.800 --> 0:14:49.520 Yeah, it's embarrassing this modernization that's only happening now at 0:14:49.600 --> 0:14:50.600 our airports. 0:14:52.040 --> 0:14:54.880 But it's like the Cobbler's kids. 0:14:54.920 --> 0:14:58.600 You know, everybody has shoes, and the cobblers kids doesn't 0:14:58.600 --> 0:15:00.520 because the Cobbler's too busy make and choose for the 0:15:00.560 --> 0:15:04.080 other people. It's kind of that, and it's kind of, 0:15:04.120 --> 0:15:08.000 you know, just a whole bunch of ignorance until now. 0:15:08.120 --> 0:15:11.480 Tony Kats. Tony Kats today, A pleasure to be here, guys. 0:15:11.520 --> 0:15:14.080 Thanks for you, Thanks to you for being here. If 0:15:14.080 --> 0:15:16.640 I could talk, i'd be a great radio host. This 0:15:16.880 --> 0:15:20.680 is the Secretary of Transportation Sean Duffy saying we're modernizing, 0:15:21.360 --> 0:15:25.480 We're getting things on track, We're working on getting things done. 0:15:25.800 --> 0:15:27.480 This is the press conference yesterday. 0:15:28.880 --> 0:15:32.120 We have installed ninety six surface awareness systems like the 0:15:32.160 --> 0:15:35.240 one we are going to deploy today here at Newark. 0:15:36.200 --> 0:15:39.960 We have deployed nine new radar systems, three hundred and 0:15:39.960 --> 0:15:44.280 sixty three analogue radios that we use between air traffic 0:15:44.320 --> 0:15:48.600 controllers and our pilots and airplanes. That's going from analog 0:15:48.720 --> 0:15:54.080 to digital. Nineteen towers have been converted to electronic flight strips. 0:15:55.040 --> 0:15:57.400 We have one hundred and fifty one new voice switch 0:15:57.480 --> 0:16:00.800 systems across America. 0:16:01.320 --> 0:16:02.920 They are making moves. 0:16:02.960 --> 0:16:06.120 I'm thrilled to see it, and I'm I'm a fan 0:16:06.160 --> 0:16:10.840 of Sean Duffies. I think he has been outrageously impressive. 0:16:11.880 --> 0:16:13.960 You go back to his first day on the job, 0:16:14.840 --> 0:16:18.000 he gets sworn in, and then that evening you have 0:16:18.080 --> 0:16:22.480 the Regional American Airlines jet hitting the helicopter outside of 0:16:22.560 --> 0:16:28.200 DC on approach into Reagan National helicopter shouldn't have been there, 0:16:28.240 --> 0:16:32.440 or a pilot error, as at least was reported, horrifying 0:16:32.480 --> 0:16:37.640 people dead, awful, awful, terrible, And there he was less 0:16:37.680 --> 0:16:40.840 than a day on the job doing this, and he 0:16:40.960 --> 0:16:45.120 has been on top of it and professional ever since. 0:16:45.880 --> 0:16:47.960 And it is not glamorous. 0:16:48.000 --> 0:16:50.760 It's not Secretary of State, Secretary of Defense, Secretary of 0:16:50.800 --> 0:16:56.480 the Treasury. It's not glamorous. It's just getting done day 0:16:56.600 --> 0:17:00.440 by day. This isn't Pete Buddha judges to Apartment of 0:17:00.480 --> 0:17:04.280 Transportation where there's talk of chuotchoo trains and look at me, 0:17:04.320 --> 0:17:07.640 I'm riding my bike to work. After the suv drops 0:17:07.680 --> 0:17:09.520 me off two blocks from the office. 0:17:09.720 --> 0:17:12.840 That happened. You saw it, and I, oh, yeah, if 0:17:12.880 --> 0:17:14.880 you didn't know that, actually that actually was a thing 0:17:16.359 --> 0:17:17.080 that happened. 0:17:18.119 --> 0:17:23.480 No work's getting done, the systems are getting upgraded. 0:17:24.119 --> 0:17:25.240 This is good. 0:17:26.160 --> 0:17:29.240 This is I can't even believe I'm saying this regarding 0:17:29.280 --> 0:17:34.600 government but efficient. I'm thrilled by what I'm seeing, and 0:17:34.640 --> 0:17:38.719 I'm thrilled to have somebody who is focused on not 0:17:38.800 --> 0:17:44.080 pretending to breastfeed, but is focused on the job. These 0:17:44.119 --> 0:17:48.360 things matter, and they are indeed unglamorous, but they do 0:17:48.480 --> 0:17:52.439 require our time. You know, I am a believer that 0:17:52.480 --> 0:17:55.919 we should end the income tax. Oh, I wholeheartedly believe 0:17:56.200 --> 0:17:59.159 that the income tax is a sin. The idea that 0:17:59.200 --> 0:18:03.400 government has any connection to my labor, has any right 0:18:03.440 --> 0:18:06.600 to my labor, is nonsense. I also argue that no 0:18:06.680 --> 0:18:09.520 good has ever come from the income tax. I feel 0:18:09.560 --> 0:18:11.760 differently on a state level, although when it comes to 0:18:11.800 --> 0:18:14.119 income taxes, I'm always the same. But states can do 0:18:14.160 --> 0:18:15.639 things that I believe the federal government should not be 0:18:15.640 --> 0:18:17.200 allowed to do. We should absolutely get rid of the 0:18:17.240 --> 0:18:19.720 income tax. That is different than whether or not I 0:18:19.760 --> 0:18:22.879 believe they can collect taxes. It's different than whether or 0:18:22.920 --> 0:18:25.639 not I believe that there is a price to pay 0:18:26.080 --> 0:18:29.760 for the liberty society and keeping these things going and 0:18:29.760 --> 0:18:33.000 flowing and working. Now we can argue that's not the 0:18:33.080 --> 0:18:37.480 role of government, that's actually the role of the airport itself. Well, 0:18:37.480 --> 0:18:41.320 we can discuss an idea of standards. We can discuss 0:18:41.400 --> 0:18:44.280 that we may not want big government, but we can 0:18:44.280 --> 0:18:46.359 at least agree in an article on section eight. We 0:18:46.400 --> 0:18:49.800 can agree on some basic skills things. And if this 0:18:49.960 --> 0:18:51.960 is going to be one of the basic things we 0:18:52.080 --> 0:18:54.760 agree on, I don't mind it being funded. What I 0:18:54.840 --> 0:18:58.040 want is professionalism. I want to focus on making sure 0:18:58.119 --> 0:19:01.080 the dollar is not misspent or mis managed, and I 0:19:01.160 --> 0:19:04.280 want results to that end. 0:19:06.240 --> 0:19:07.640 I like seeing this. 0:19:08.880 --> 0:19:13.919 Sean Duffy is getting results, and this is good. 0:19:14.800 --> 0:19:20.800 This is very, very very good. I want to see 0:19:20.800 --> 0:19:21.240 more of it. 0:19:21.640 --> 0:19:24.360 I'm not one hundred percent sure in what other capacity 0:19:24.400 --> 0:19:26.119 we're going to see it, what Department of transportation, There 0:19:26.119 --> 0:19:26.600 could be some. 0:19:26.600 --> 0:19:28.439 Things, but this is what we want to see across 0:19:28.480 --> 0:19:30.639 the board. If we're going to spend our money, we 0:19:30.680 --> 0:19:31.440 want success. 0:19:31.520 --> 0:19:35.800 We want to see rational people, professional people, doing a professional. 0:19:35.480 --> 0:19:38.720 Job and getting it done quickly and clearly. Good on 0:19:38.800 --> 0:19:43.560 Seawan Duffy. This is Tony Kats today. 0:19:45.480 --> 0:19:48.720 So the numbers come in on the consumer price index, 0:19:48.840 --> 0:19:53.600 an inflation conversation, and they're up point one point one. 0:19:54.640 --> 0:19:59.520 Huh that ain't that ain't bad at all. The annual 0:19:59.600 --> 0:20:03.720 rates three point four, Well, that's not great, but it's. 0:20:03.600 --> 0:20:05.919 Not going up. If inflation is not going up. 0:20:05.960 --> 0:20:07.760 It's going to tell the Federal Reserve don't do any 0:20:07.840 --> 0:20:10.680 rate hikes because they want to because inflation is still 0:20:10.720 --> 0:20:14.159 too high. But the measure doesn't make any sense when 0:20:14.200 --> 0:20:18.280 you get rid of food and energy, volatile energy and 0:20:18.320 --> 0:20:23.040 it goes up to point two. I don't understand what's 0:20:23.040 --> 0:20:26.040 happening here, Tony Katz, Tony Kats today, Good to be 0:20:26.080 --> 0:20:30.120 with you. Doctor Batt Will, economist at the University of Indianapolis, 0:20:30.200 --> 0:20:34.600 is here to make it all make sense. This is peculiar, right, 0:20:34.640 --> 0:20:37.920 because there's a lot of conversation about that. The Fed 0:20:38.040 --> 0:20:40.199 was going to raise rates in September. You have two 0:20:40.280 --> 0:20:42.520 Federal Reserve governors who want to do that because the 0:20:42.520 --> 0:20:45.879 inflation is still too high. Tariffs are causing that. Tarots 0:20:45.880 --> 0:20:48.760 did not create an explosion of inflation. It's just keeping 0:20:48.840 --> 0:20:52.480 it higher than we want it to. Be, but you 0:20:52.600 --> 0:20:55.000 also have this madness of oil prices because of what's 0:20:55.040 --> 0:20:58.439 going on in Iran that's having an effect. Yet somehow, 0:20:58.480 --> 0:21:02.120 if I take energy out, the measure of inflation goes up, 0:21:02.400 --> 0:21:04.800 and that doesn't make any sense at all. So let's 0:21:04.840 --> 0:21:07.399 start where we start, doctor Matt Will. What does this 0:21:07.440 --> 0:21:08.199 report say to you? 0:21:09.520 --> 0:21:11.119 Well, first of all, you got to remember that this 0:21:11.200 --> 0:21:12.960 is not the report that the FED is going to 0:21:13.040 --> 0:21:15.719 use to make decisions. But it does give Kevin Walsh 0:21:15.840 --> 0:21:18.240 cover and we spoke of that just about that just 0:21:18.320 --> 0:21:21.560 a few days ago. Kevin now has more time. This 0:21:21.600 --> 0:21:23.440 is a good enough report that it's going to give 0:21:23.480 --> 0:21:26.200 him some breathing room again to not have to make 0:21:26.240 --> 0:21:29.240 a decision to increase rates to control inflation, because this 0:21:29.560 --> 0:21:32.800 isn't the measure that they use to make their decisions. 0:21:32.840 --> 0:21:35.720 But here's the good news. So the report point one 0:21:35.800 --> 0:21:38.639 for the months, it's now a trend. Last month it 0:21:38.680 --> 0:21:41.960 was down point four down. So we now have a 0:21:42.000 --> 0:21:44.919 two month decent trend in the CPI, which is what 0:21:45.040 --> 0:21:46.840 you and I pay when we go to the grocery 0:21:46.840 --> 0:21:50.080 store core you mentioned at point two point two. That's 0:21:50.080 --> 0:21:54.639 two point four annualized. That's still too high, but the 0:21:54.680 --> 0:21:57.040 rest of the report gives him cover. In fact, when 0:21:57.080 --> 0:22:00.560 you dig down into the details, almost every category is 0:22:00.560 --> 0:22:02.920 in good shape. The only two that are not are 0:22:03.040 --> 0:22:06.880 airline tickets, which are two point two percent for the month, 0:22:07.560 --> 0:22:11.679 and healthcare, which is point six. The healthcare is persistent. 0:22:11.760 --> 0:22:15.760 We continue to see an increase in healthcare inflation. That 0:22:15.960 --> 0:22:18.280 is the big red flag in this report. If there 0:22:18.359 --> 0:22:21.679