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Speaker 1: Lie from ball Hertbiner and the Crossroads of America. It's

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Speaker 1: Tony Katz today for everything.

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Speaker 2: That is going on right now in the United States

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Speaker 2: around the globe, the lies of the New York Times

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Speaker 2: regarding Israel. How I think conservatives like Megan Kelly have

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Speaker 2: really got the wrong idea. How progressive like the Obama bros.

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Speaker 2: You do pod Save America. Oh, they don't quite understand

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Speaker 2: how bigoted their party is.

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Speaker 3: You think they're talking about something new?

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Speaker 2: Boo boo, Please, you have got Catholics under attack in

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Speaker 2: the Congo being killed by Islamis. Can we at least

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Speaker 2: admit that Islamists are indeed an issue the globe over

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Speaker 2: and that hasn't gone away even if we haven't been

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Speaker 2: talking about it. Tariffs and this economy with a GDP

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Speaker 2: going at three percent, three percent, Holy.

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Speaker 3: Cow, that is some movement right there.

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Speaker 2: And the leader of the White House Economic Council, Kevin Hassett,

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Speaker 2: says next quarter even bigger.

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Speaker 3: That's not my top story. The shooting in New York.

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Speaker 2: They're trying to go after the NFL headquarters still not

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Speaker 2: my top story. Sidney Sweetey, Yeah, we get it now.

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Speaker 2: It's no longer about Jeans, it's about the Jews. A

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Speaker 2: spell of that with nineteen.

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Speaker 3: O's if you like.

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Speaker 2: Still not my top story. My top story is the Senate.

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Speaker 2: Tony Katz, Tony Kats today eight three three four six

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Speaker 2: eight eight six six nine eight three three Got Tony,

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Speaker 2: That's how you get to be a part of the program.

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Speaker 3: Can someone explain to me.

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Speaker 2: Why the United States Senate is slow rolling confirmations? What

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Speaker 2: exactly in all the good holy hell is going on?

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Speaker 2: John Thune runs the Senate. John Thune is the Senate

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Speaker 2: majority leader. He took over for Mitch McConnell, and he

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Speaker 2: is supposed to be a guy who's all about it,

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Speaker 2: getting things done, getting things accomplished. Why in the world

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Speaker 2: do you have ambassadors and cabinet secretary level positions not

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Speaker 2: being confirmed. Two hundred and fifty five people have been

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Speaker 2: voted out of committee to be voted on by the

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Speaker 2: full Senate. One hundred and seven have been confirmed. What

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Speaker 2: about the rest? Why isn't this done? Why isn't this

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Speaker 2: moving with speed and alacrity? For what reason are we

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Speaker 2: slow rolling? I don't have an answer. My problem is

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Speaker 2: I don't think they have an answer either, because what

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Speaker 2: they're putting out there daily signal with the reporting Jacob

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Speaker 2: Adams reporting there. Republicans say it's democratic instructionism, with Schumer

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Speaker 2: throwing up procedural hurdles that have led to Democrats of

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Speaker 2: preventing confirmations being passed by unanimous consent. Okay, where is

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Speaker 2: the conversation happening from the Republicans that, Hey, these low

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Speaker 2: lifes over here are preventing us from getting people confirmed

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Speaker 2: in a speedy way. We should be putting pressure on

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Speaker 2: them to get him to stop. At least we should

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Speaker 2: publicly shame them, or maybe call Chuck Schumer a punk

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Speaker 2: loser every now and again.

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Speaker 3: Why isn't there at least I gave you a whole

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Speaker 3: bunch of options, you could pick anyone you like.

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Speaker 2: Why is there nothing? Why is there this rolling over?

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Speaker 2: And hey, take a look at my belly? The hell

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Speaker 2: is going on here? Chuck Schumer is the guy I

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Speaker 2: gotta be concerned with. I gotta be scared of the

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Speaker 2: same Chuck Schumer who wants you to know that Jim

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Speaker 2: Crow is coming back.

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Speaker 3: It's been clear.

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Speaker 4: When we fight for democracy, when we protect democracy, we

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Speaker 4: got to fight.

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Speaker 3: Fire with fire.

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Speaker 5: We're not going to stand idly by, as Maya said,

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Speaker 5: We're not going to let him.

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Speaker 3: Revert to Jim Crow.

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Speaker 6: And if you don't think they want to revert to

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Speaker 6: Jim Crow, just look what they.

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Speaker 2: Did when Chuck Schumer says Republicans are racist reverting to

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Speaker 2: Jim Crow twenty Republicans should show up at his office

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Speaker 2: and tell him to shut up. They should call him

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Speaker 2: a low life, you know what, every name in the book,

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Speaker 2: and then make fun of his sister and then walk out.

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Speaker 2: The only way you make this stop is if you

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Speaker 2: make it stop. And right now, Republicans ain't making it stop.

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Speaker 2: What exactly are you doing? Procedural hurdles from Democrats? Don't

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Speaker 2: go home, don't sleep, go vote rama, go twenty four

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Speaker 2: to seven for a week. That old man can't keep

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Speaker 2: up with you, and by the way, call him an

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Speaker 2: old man. Chuck Schumer makes Joe Biden look adept. Chuck

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Speaker 2: Schumer makes Joe Biden look like a competent leader. Chuck

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Speaker 2: Schumer makes Kamala Harris look like a class act. It

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Speaker 2: doesn't matter what you say, just keep at it. Make

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Speaker 2: this stop, because what we see from the Republican Party

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Speaker 2: is acquiesced, like.

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Speaker 4: Somehow there's a there's a plan at play.

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Speaker 2: You don't understand the plan, Tony, there's a system, and

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Speaker 2: we're gonna do this, and if we wait a little bit,

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Speaker 2: we do that and then what we'll get done over here?

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Speaker 2: Would you stop it? This is about not having a stomach.

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Speaker 2: You have got an entire press corps screaming about Jeffrey

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Speaker 2: Epstein when you know they don't give a dam about

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Speaker 2: Jeffrey Epstein. They don't care about children being sex trafficked

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Speaker 2: or sexually abused. They care about whether or not they

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Speaker 2: can hurt Trump. Where the Republicans saying that end mass

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Speaker 2: It should be a constant refrain. It should be press

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Speaker 2: conferences on Capitol Hill. You should be interrupting Democrats when

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Speaker 2: they're appearing on MSNBC to call them lying lowlife frauds

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Speaker 2: when they're engaged in activity that is worthy.

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Speaker 3: Than being called lying lowlife frauds.

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Speaker 2: They don't care about who got hurt by Jeffrey Epstein

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Speaker 2: and his sexual predilections. They don't care that children were abused.

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Speaker 2: They only care because they want Trump. They only care

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Speaker 2: for their political purposes. Tell us, tell the world, tell

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Speaker 2: the name that Democrats don't care about children based on

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Speaker 2: their actions. There's a fight in the Republican Party, although

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Speaker 2: it's not a rift.

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Speaker 3: These people are still behind President Trump.

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Speaker 2: That hasn't changed because some of us demand the release

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Speaker 2: of these things about I've seen, and some say it

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Speaker 2: doesn't matter. Why are we focusing on it? This is

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Speaker 2: all just about the Democrats. It's no big deal. Of course,

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Speaker 2: it's a big deal, and we were right all along,

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Speaker 2: and the people who said don't focus about it, including

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Speaker 2: President Trump.

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Speaker 3: We're wrong on this one. That's all.

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Speaker 2: We're not mortal enemies. I think Megan Kelly is wrong

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Speaker 2: about Israel. I don't think we're mortal enemies. I'll get

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Speaker 2: into that coming up. We have the ability to disagree

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Speaker 2: without somehow everybody.

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Speaker 3: Losing their damn mind.

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Speaker 2: We can do this, but it's very difficult when we

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Speaker 2: won't look at the Democratic Party and the media apparatus

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Speaker 2: that controls them, supports them, lives for them, and dies

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Speaker 2: for them, and say, you don't know that that Democrat

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Speaker 2: doesn't care about children. You're ridiculous. What's wrong with you?

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Speaker 2: That Democrat doesn't care about kids. I've been saying this

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Speaker 2: about a Cassio Cortes for years now. She doesn't care

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Speaker 2: about black and brown children being trafficked across the border.

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Speaker 2: She doesn't give a damn. Four years of Joe Biden,

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Speaker 2: she never showed up on the border to cry. If

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Speaker 2: you don't show up at the border to cry at

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Speaker 2: least every four and a half months, you don't care

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Speaker 2: about children. Acossio Cortez Alexandria Cassio Cortez does not care

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Speaker 2: about black and brown children being shepherded across the border

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Speaker 2: for sex trafficking or anything else. She doesn't care, not

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Speaker 2: because I say so, but because she said so. Democrats

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Speaker 2: do not care about children being sex trafficked by by

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Speaker 2: Jeffrey fsc and Jelaye and Maxwell, what Prince Andrew was

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Speaker 2: involved with, and doesn't care that anybody else within their

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Speaker 2: ranks may have been involved, which is why, of course

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Speaker 2: we want the data.

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Speaker 3: They care that it can hurt Trump.

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Speaker 2: They want political power more than they want safe children.

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Speaker 2: Say so, They're disrupting confirmation. They're putting out procedural hurdles.

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Speaker 2: My god, I'll say it to engage it rhetorically, would

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Speaker 2: you just punch somebody in the neck already?

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Speaker 3: What does it take? You're just gonna lay back and

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Speaker 3: take this.

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Speaker 2: I'm sorry, I don't know how this isn't a bigger story.

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Speaker 2: I am actually shocked that we're not getting it. The

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Speaker 2: Daily Signal has a nice write up here, and if

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Speaker 2: you take a look, it says at the end of

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Speaker 2: President Joe Biden's first eight months in all office August

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Speaker 2: twenty twenty one, one hundred and fifty of his civilian.

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Speaker 3: Nominees were confirmed seventy four percent.

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Speaker 2: So in Trump's first term, you've got one hundred and

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Speaker 2: thirty civilian nominees. Now they say that's about seventy six

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Speaker 2: percent of those reported. So you argue the same percentage

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Speaker 2: but not the same number of people. And these are

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Speaker 2: civilian nominees. But if you tell me that it's Democrat

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Speaker 2: obstructionism and you aren't focused on ending me obstructionism through

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Speaker 2: just full on embarrassment, shaming them and utilizing what exists

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Speaker 2: out there to try and get movement, I don't know

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Speaker 2: what you're doing. What are you waiting for? Slowly this

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Speaker 2: will get done? And what is this that we hear

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Speaker 2: about the idea of keeping the Senate open?

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Speaker 3: Follow me on this.

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Speaker 2: There's this, we can call it a rumor, this concept

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Speaker 2: going around that somehow to avoid Senate recess appointments to

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Speaker 2: which the President has power to do the senators and recess. Okay,

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Speaker 2: you work in this posison, You work in that position

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Speaker 2: and appointed your recess appointments done. There's this idea that

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Speaker 2: the Senate will remain open and every third day they'll

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Speaker 2: be gabbled into session for an hour. So therefore there

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Speaker 2: is no recess, so therefore no recess appointments.

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Speaker 3: What are you doing?

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Speaker 2: What is this now? I could use a little confirmation

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Speaker 2: on that. I have heard this now a couple times

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Speaker 2: and I'm like, that doesn't make any sense to me

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Speaker 2: at all. Well, neither does not confirming these nominees. Mike

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Speaker 2: Lee send here from Utah saying, at the current pace,

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Speaker 2: it'll be April twenty twenty six before we confirm the

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Speaker 2: one hundred and thirty five Trump nominees now pending in

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Speaker 2: the Senate. What are we waiting for? What possibly are

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Speaker 2: we waiting for? Democrats have power when they're in the minority, know,

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Speaker 2: crush them. The best Chuck Schumer can do to try

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Speaker 2: and rally the troops is say Republicans want Jim Crow

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Speaker 2: laws when it comes to voting, because we demand they

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Speaker 2: don't want poor people and black people to vote.

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Speaker 3: This is the best he can do.

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Speaker 2: A conversation that he cribbed from Stacy Abrams in twenty

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Speaker 2: twenty two. Yeah, I think this guy is soft. I

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Speaker 2: think he's weak. I think he's a punk. And I

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Speaker 2: am not gonna even talk about what I think about

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Speaker 2: his mother. When a guy is that much of an

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Speaker 2: obstructionist in calling you a racist, I think you could

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Speaker 2: talk about his mother when they call you a racist,

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Speaker 2: you could talk about their memh.

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Speaker 3: I think that's very, very loud. I know the memah

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Speaker 3: is the grandma. But go with me.

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Speaker 2: Take him out now. That's considered violent, and I don't

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Speaker 2: want that. Politically, take his legs out from under him. Yeah,

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Speaker 2: I'm allowed to say that, So I'll say that. Politically,

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Speaker 2: take his legs out from under him. Start throwing it

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Speaker 2: right at him, overwhelm him, don't stop. But this being

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Speaker 2: silent stuff and this delay stuff. My god, Republicans, I

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Speaker 2: thought you had learned something already. I'm Tony Katz. This

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Speaker 2: is Tony Kats today. Well, based on the midday numbers,

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Speaker 2: it's not like the the GDP is making the markets

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Speaker 2: just catch fire. That is not what we're seeing. But

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Speaker 2: three percent. That is something else, man, I'm sorry, that's

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Speaker 2: an outrageously good number, Tony Katz, Tony kats today, good

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Speaker 2: to be with you. Three percent growth because that is

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Speaker 2: fully involved in the tariffs, right, even with the tariffs

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Speaker 2: and everything else here we are, I think that today's numbers.

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Speaker 3: And certainly by the time.

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Speaker 2: You know, if you've got the podcast version of this,

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Speaker 2: we already know whether drum Powell has lowered interest rates,

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Speaker 2: which which these numbers kind of play in too, which

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Speaker 2: is to say, we're cooking with gas.

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Speaker 3: Things are happening, and.

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Speaker 2: There is something here to to grow and to capitalize.

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Speaker 3: On, and the movement of capital is the way to

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Speaker 3: make that happen. You know.

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Speaker 2: There's the argument I think originally is well, maybe the

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Speaker 2: interest rates stay up because the economy is too hot.

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Speaker 3: That's I think. I think even I have been disabused

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Speaker 3: of that idea.

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Speaker 2: No, No, there's a there's a way to make things

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Speaker 2: move with this. The question though, is why tariffs, and

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Speaker 2: we've got this that's that is very much something else.

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Speaker 2: So I'm going to have much more on that on

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Speaker 2: that subject to get to much more on the numbers.

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Speaker 2: But man, Jerome Powl is taking hit after hit after

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Speaker 2: hit on not lowering interest rates, as that decision will

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Speaker 2: will come today.

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Speaker 5: The FED will make its interest rate decision today. Nobody

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Speaker 5: expects them to cut rates today. Everybody thinks they're going

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Speaker 5: to leave them unchanged. The chief executive, Azaria, that's James fishback,

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Speaker 5: James joins me. Now, James, you say Powell is disconnected

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Speaker 5: from reality and the confidence in the FED is crumbling.

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Speaker 5: Those are strong words.

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Speaker 4: Make your case, young man.

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Speaker 3: Well, good morning, Stuart.

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Speaker 7: It turns out that Jerome Powell is simply the Anthony

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Speaker 7: Fauci of economics, so wrong, smug, and completely unaccountable. He's wrong, Stuart,

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Speaker 7: because just last month he told us it is official

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Speaker 7: projections that GDP was going to come in at one

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Speaker 7: point four percent. It came in at three percent, more

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Speaker 7: than double his expectations.

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Speaker 2: Yeah, that is that is that is wrong. That is

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Speaker 2: absolute wrong. But calling a guy the Anthony Fauci, that's

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Speaker 2: just that. I once referred to who's the guy in

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Speaker 2: the sports guy Skip Bayless, producer landing Skip Baylett. I

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Speaker 2: refer to Skip Bayless as the Jim Kramer of sports,

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Speaker 2: which I thought was a pretty pretty good dig. But

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Speaker 2: Jerome Powell is the Anthony Fauci of economics.

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Speaker 3: There's a guy who has to know the writings on

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Speaker 3: the wall.

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Speaker 2: It's every gun is out from the Wall Street Journal

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Speaker 2: with a story today about how federal Reserve governors are

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Speaker 2: starting to speak out and depending on what happens, will

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Speaker 2: speak out regarding rates. You know, if you had asked

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Speaker 2: me before the GDP of three percent, what do I

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Speaker 2: think Jerome Powell is going to do?

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Speaker 3: I think you keep trades right where they are. I do.

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Speaker 2: After the three percent GDP, I'm not one hundred percent sure.

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Speaker 3: I will tell you. I will tell you that.

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Speaker 2: It's it's certainly possible that he doesn't do anything, and

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Speaker 2: and I won't be surprised by it. But I'm telling

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Speaker 2: you the three percent number is something else here. Tariffs

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Speaker 2: included three percent, and an economy the size of ours

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Speaker 2: that is solid movement.

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Speaker 3: And while we're gonna bring.

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Speaker 2: It up a couple times today, it's worthy of bringing

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Speaker 2: up in the future. I am starting to as I

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Speaker 2: discussed yesterday, I think China is in worse shape than

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Speaker 2: we know. I think there's an economic reality as companies

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Speaker 2: have moved out and moved manufacturing specifically, it's Indian and

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Speaker 2: there's an India story to get to. I think they're

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Speaker 2: starting to see a level of unrest within the country

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Speaker 2: with a population that's like there are no jobs, there

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Speaker 2: are no future, there is no future. Why am I

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Speaker 2: even trying? I just want to paint and be silly

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Speaker 2: all day. The dream of communism is an absolute nightmare.

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Speaker 2: As we know, there's absolutely a continued crackdown on free

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Speaker 2: speech and a people who want to engage information, share information,

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Speaker 2: and that is in a constant level of tension. And

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Speaker 2: then of course there's the population bust as we know

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Speaker 2: it is coming. Based on the data, they're going to

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Speaker 2: lose hundreds of millions of citizens. They one point three

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Speaker 2: billion people. But what if that is already happening. They

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Speaker 2: built ghost cities because they wanted to give people jobs,

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Speaker 2: but now they don't have anybody in the ghost cities.

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Speaker 3: Have they gone the way of Japan?

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Speaker 2: And now they're going to engage decades long stagflation and

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Speaker 2: then well the very concepts of deflation if that should

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Speaker 2: come around. I think China's in a heap of trouble.

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Speaker 2: And now you take a look at how the US

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Speaker 2: is growing. I think it's just pressure on pressure. It's

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Speaker 2: three percent with tariffs. It's pretty and good keep it here.

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Speaker 3: It's Tony Kats Today.

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Speaker 2: So the tsunami did not do damage in the United States,

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Speaker 2: but holy cow eight point eight on the Richter This

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Speaker 2: was off the eastern coast of Russia and led to

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Speaker 2: tsunami warnings across the Hawaiian Islands, pushing people to search

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Speaker 2: for higher ground. And then these waves hit the western

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Speaker 2: coast of the United States, California all the way up

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Speaker 2: through Oregon, Washington, through British Columbia. Tony Cats, Tony Kats Today,

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Speaker 2: Good to be with you. Find everything I do over

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Speaker 2: at tonykats dot com. The live stream is there on

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Speaker 2: the YouTube, Tony Cats, Facebook, Tony Cats Radio, on the

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Speaker 2: Twitter ex Tonykats. Come be a part of it, Bring

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Speaker 2: your friends. It'll be swell. I'm serving punch and pie.

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Speaker 2: Hold on, I am out of punch and pie. Really

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Speaker 2: something else this, this quake, and at least from the

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Speaker 2: the early reports, doesn't seem to be anything that is

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Speaker 2: overly damaging. It just seems to have been a man

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Speaker 2: in the main. A lot of people lucked out, and

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Speaker 2: lucked out very very well. I had can I can

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Speaker 2: I share this story?

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Speaker 3: This is over at hot air. Do you mind? Thanks?

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Speaker 2: There is a term called mankeeping. So New York Times piece, Oh,

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Speaker 2: don't worry. I'll get to the nonsense of the New

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Speaker 2: York Times and they're Hamas support coming up. It's Hamas support.

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Speaker 2: I don't care really where you are. I mean, don't

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Speaker 2: get me wrong. I think you should be supportive of Israel.

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Speaker 2: But if somehow you're like, we shouldn't get financial aid Israel,

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Speaker 2: I'm not gonna stop being your friend over it.

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Speaker 3: I'll disagree with you.

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Speaker 2: But if you support Hamas over Israel, well then there's

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Speaker 2: a real problem with the people who support Hamas over Israel.

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Speaker 2: Those people I don't think I want them in my house.

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Speaker 2: If you support terrorists over society, Eh, you know what,

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Speaker 2: we don't have to be friends.

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Speaker 3: I'm cool, I'm down, I'm fine, it's all right.

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Speaker 2: Why women are weary of the emotional labor of man

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Speaker 2: keeping as male social circles shrink, female partners say they

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Speaker 2: have to meet more social and emotional needs. Interesting interesting,

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Speaker 2: interesting stuf. So this was a term coined as hot

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Speaker 2: air has The story coined by a postdoctoral fellow at

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Speaker 2: Stanford University, Angelicapuzio, Ferrara, and it describes work women, I

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Speaker 2: should say it describes the work women do to meet

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Speaker 2: the social and emotional needs of the men in their lives,

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Speaker 2: from supporting their partners who daily challenges and inner turmoil,

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Speaker 2: to encouraging them to meet up with their friends. This

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Speaker 2: is fascinating stuff. What is this story? Allow me just

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Speaker 2: from the baseline, Society, and I swear to you what

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Speaker 2: I'm about to describe sounds like any sitcom you've ever

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Speaker 2: watched on TV.

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Speaker 3: Society came up with a rule that is.

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Speaker 2: As ignorant as it is pathetic, and that rule is

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Speaker 2: happy wife, happy life life.

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Speaker 3: Allow me, if you are a woman.

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Speaker 2: Who ascribes to this, I believe that's the right word,

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Speaker 2: a happy wife, happy life. I want you to know

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Speaker 2: you should die alone, now, Tony, Tony, that's.

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Speaker 3: He that's a little rough. You shouldn't You shouldn't do that.

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Speaker 3: You want me to clean it up. I'll clean it up.

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Speaker 2: No one should marry you, and eventually your life will

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Speaker 2: come to an end.

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Speaker 3: Cats, Seriously, you.

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Speaker 2: Can't be saying things like it's very rough, Tony, it's

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Speaker 2: very rough stuff. You can't do that, all right, I'll

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Speaker 2: try it. I'll try it. Again, what's wrong with you?

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Speaker 2: What in the world is that happy wife, happy life?

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Speaker 2: What an awful thing to say? What a selfish, angry, demoralizing, demeaning,

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Speaker 2: vicious thing to say. May I ask why anybody would

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Speaker 2: want to spend a lifetime with you if you have

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Speaker 2: no interest in them. This concept has been built out

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Speaker 2: in sitcoms, in the World of Disney and other places culturally,

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Speaker 2: where uh the guy is like, Man, I really want

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Speaker 2: to go to the bar and see the game of

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Speaker 2: my friends. But what am I going to tell my wife?

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Speaker 2: What if she's gonna let me? First of all, let

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Speaker 2: you if you are in a relationship as a grown

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Speaker 2: up where you have you have to get your other,

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Speaker 2: your spouse's permission, you you you are not a grown

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Speaker 2: up and you are not in a worthwhile marriage. Now

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Speaker 2: there could be other things going on in your life. Hey,

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Speaker 2: I've got these commitments. No, no, no, that this is

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Speaker 2: not a time for the game. This is a time

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Speaker 2: for family. All those things are true. I've been through

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Speaker 2: every one of those things. You're not a allowed to

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Speaker 2: go to watch the game with the guys. May I

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Speaker 2: ask why you're married? Did you ever ask yourself what

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Speaker 2: was the point of marriage. If somebody could think that

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Speaker 2: that is an acceptable thing to.

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Speaker 4: Say, I have been with the same woman for thirty

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Speaker 4: three years.

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Speaker 3: I don't say I am a perfect man.

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Speaker 2: I wouldn't argue that it's a perfect marriage in that

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Speaker 2: we've had issues.

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Speaker 3: All people go through things.

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Speaker 2: I will tell you what if you ask me though

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Speaker 2: it's perfect, I will say it is the most exceptional

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Speaker 2: marriage that the world has ever seen. That's how spectacular

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Speaker 2: I feel about my relationship. In the thirty three years

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Speaker 2: that we have been together, the total amount of times

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Speaker 2: I have checked her phone.

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Speaker 3: To see her text, to see her emails, to see her.

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Speaker 2: Phone calls is zero, because I don't understand why any

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Speaker 2: rational human being would do that with somebody they've committed.

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Speaker 3: To, or really anybody else. But we hear stories.

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00:26:09,840 --> 00:26:12,480
Speaker 2: You see stories, you see people talking about it. Let

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Speaker 2: me check your phone.

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Speaker 3: What do you mean, check my phone?

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Speaker 2: Kiss off? I'll go by find somebody else. I'm not

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Speaker 2: interested in being in a relationship with somebody who wants

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Speaker 2: to check my phone, as if somehow, as a grown man,

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Speaker 2: I need to be checked up on. As a grown woman,

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00:26:30,160 --> 00:26:33,200
Speaker 2: you think you need to be checked up on. That's

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Speaker 2: weird as can be. A r that is awful. You know,

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Speaker 2: as much as I say, that is not a woman

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Speaker 2: worth marrying. If there's a guy who's like, I need

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Speaker 2: to know where you are, yet to tell me where

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Speaker 2: you are every second of the day, you have to do.

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Speaker 3: There are other guys out there, Yes, there are there

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Speaker 3: are other guys out there, But this kind of stuff

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Speaker 3: leads to.

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Speaker 2: Men not having the same relationships with other men that

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00:27:07,600 --> 00:27:11,160
Speaker 2: they used to add on to this, all the feminist

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Speaker 2: low lifes out there, Oh see that one. I'm not

427
00:27:13,240 --> 00:27:17,360
Speaker 2: apologizing for at all. I meant that every bit of that.

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Speaker 2: You can quote me on that. The last name is

429
00:27:19,640 --> 00:27:26,080
Speaker 2: spelled katz. Go get them all these feminists who said, well,

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Speaker 2: it's not okay to have men only spaces, and you

431
00:27:30,480 --> 00:27:33,320
Speaker 2: eliminated the ability to men, for men to be around

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Speaker 2: other men and speak like men do, and we do,

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Speaker 2: and we speak differently than when we're around women. I

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Speaker 2: have had to teach this to my kids. The things

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Speaker 2: you say to your buddies is different than the things

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00:27:44,920 --> 00:27:48,840
Speaker 2: you say to your mother. And if you don't understand

437
00:27:48,840 --> 00:27:51,560
Speaker 2: it at first, that's okay. You just have to do it.

438
00:27:51,800 --> 00:27:54,840
Speaker 2: You will learn to understand it. Will walk ourselves through it.

439
00:27:55,720 --> 00:27:57,679
Speaker 2: But if you take away the spaces for men to

440
00:27:57,720 --> 00:28:02,520
Speaker 2: engage with other men, engage with other men, but they

441
00:28:02,560 --> 00:28:07,240
Speaker 2: still have certain levels of need. And now, yes, it

442
00:28:07,359 --> 00:28:11,800
Speaker 2: goes to their spouse because societally, you took them away

443
00:28:12,200 --> 00:28:14,439
Speaker 2: from everybody who was a man who they could then

444
00:28:14,520 --> 00:28:17,760
Speaker 2: engage with, share ideas with, you have conversations with, to have

445
00:28:17,840 --> 00:28:22,640
Speaker 2: moments with what this doesn't happen. Of course, this happens.

446
00:28:23,480 --> 00:28:27,760
Speaker 2: Of course this happens. And the women who are in

447
00:28:27,880 --> 00:28:33,119
Speaker 2: the happier relationships, the happiest of relationships, the happiest of marriages,

448
00:28:33,320 --> 00:28:36,600
Speaker 2: are women who absolutely understand that the men in their

449
00:28:36,640 --> 00:28:38,720
Speaker 2: lives need their own time to do their own thing.

450
00:28:38,920 --> 00:28:40,960
Speaker 2: Very often the women need to as well. Now maybe

451
00:28:41,000 --> 00:28:43,400
Speaker 2: it comes to different levels of degrees different people.

452
00:28:43,280 --> 00:28:45,600
Speaker 3: But they absolutely need their own time with their own

453
00:28:45,640 --> 00:28:46,720
Speaker 3: friends to do their own thing.

454
00:28:46,760 --> 00:28:48,760
Speaker 2: And if the trust isn't there, that doesn't happen. So therefore,

455
00:28:48,800 --> 00:28:52,120
Speaker 2: if there's no trust, there is no happiness. You cannot

456
00:28:52,160 --> 00:28:55,400
Speaker 2: have happiness without trust. It doesn't exist. Why are you

457
00:28:55,480 --> 00:28:58,600
Speaker 2: unhappy with your government taxes? Okay, okay, get the taxes

458
00:28:58,640 --> 00:29:02,200
Speaker 2: to the side. You don't trust the government, that's why

459
00:29:02,280 --> 00:29:04,880
Speaker 2: there's no happiness with the government and taxes are of

460
00:29:04,880 --> 00:29:07,200
Speaker 2: course a reason. How can you trust somebody who keeps

461
00:29:07,240 --> 00:29:08,560
Speaker 2: thinking they're allowed to steal from you?

462
00:29:10,080 --> 00:29:12,720
Speaker 3: Without trust, you cannot have.

463
00:29:12,640 --> 00:29:18,000
Speaker 2: Happiness, can't be done, cannot be accomplished. And look at

464
00:29:18,000 --> 00:29:21,680
Speaker 2: all the work that the feminists and others have done

465
00:29:21,880 --> 00:29:24,560
Speaker 2: to say you can't have trust. Guys are guilty of

466
00:29:24,560 --> 00:29:26,520
Speaker 2: this as well. And then oh, you can't go out

467
00:29:26,520 --> 00:29:27,840
Speaker 2: with the guys here. You can't do this with the

468
00:29:27,840 --> 00:29:29,800
Speaker 2: guys there, toxic masculinity here.

469
00:29:30,080 --> 00:29:32,240
Speaker 3: What do you think is going to happen?

470
00:29:36,080 --> 00:29:38,479
Speaker 2: A twenty twenty one survey says fifteen percent of men

471
00:29:38,520 --> 00:29:41,080
Speaker 2: said they didn't have any close friends, up from three

472
00:29:41,120 --> 00:29:43,640
Speaker 2: percent in nineteen ninety.

473
00:29:44,240 --> 00:29:45,480
Speaker 3: The same report showed.

474
00:29:45,200 --> 00:29:47,600
Speaker 2: That in nineteen ninety, nearly half of young men said

475
00:29:47,640 --> 00:29:50,120
Speaker 2: they would reach out to friends when facing a personal issue,

476
00:29:50,640 --> 00:29:53,560
Speaker 2: and then two days two decades later, just over twenty

477
00:29:53,560 --> 00:29:58,920
Speaker 2: percent said the same. They don't have men in their lives.

478
00:29:59,000 --> 00:30:01,680
Speaker 2: And by the way, young men don't have men in

479
00:30:01,720 --> 00:30:04,440
Speaker 2: their lives who show them how to have conversations, how

480
00:30:04,480 --> 00:30:07,320
Speaker 2: to engage debate, how to bring ideas forward, to be

481
00:30:07,360 --> 00:30:09,960
Speaker 2: able to understand what criticism is, to learn, how to

482
00:30:10,040 --> 00:30:13,520
Speaker 2: accept that criticism and grow from it. They aren't taught

483
00:30:13,600 --> 00:30:16,800
Speaker 2: how to be men, and so what happens They become

484
00:30:16,800 --> 00:30:20,440
Speaker 2: more and more feminized because they're only around women. You

485
00:30:20,480 --> 00:30:22,920
Speaker 2: know who has this conversation better than anybody? Quite literally

486
00:30:23,000 --> 00:30:27,520
Speaker 2: better than anybody Black men. There are some really incredible

487
00:30:27,520 --> 00:30:30,640
Speaker 2: talks going on on social media. We should find someone

488
00:30:30,760 --> 00:30:33,640
Speaker 2: and bring them on the show. If there's no male

489
00:30:33,720 --> 00:30:36,120
Speaker 2: figure in your life, and you are a man and

490
00:30:36,120 --> 00:30:38,800
Speaker 2: you have only been raised by women, you're aunt this,

491
00:30:38,960 --> 00:30:42,760
Speaker 2: and your grandmother this, and your cousin, and if.

492
00:30:42,680 --> 00:30:45,960
Speaker 4: You only have women around you, how do you learn

493
00:30:45,960 --> 00:30:46,720
Speaker 4: tackling to men?

494
00:30:48,760 --> 00:30:49,640
Speaker 3: How does that happen?

495
00:30:50,760 --> 00:30:52,440
Speaker 2: And you could argue, well, Tony, yes, you're bringing this

496
00:30:52,520 --> 00:30:54,680
Speaker 2: up culturally about black men. What I'm saying to you

497
00:30:54,800 --> 00:30:57,120
Speaker 2: is that this story, what it says to me, is

498
00:30:57,160 --> 00:30:58,520
Speaker 2: about all men.

499
00:30:58,880 --> 00:31:00,000
Speaker 3: They don't have other men in their life.

500
00:31:00,320 --> 00:31:04,240
Speaker 2: So therefore young men don't have other men because dad

501
00:31:04,320 --> 00:31:06,239
Speaker 2: doesn't have friends over so they can speak to other

502
00:31:06,280 --> 00:31:08,360
Speaker 2: men and learn how other men talk and engage. And

503
00:31:08,400 --> 00:31:11,040
Speaker 2: men are different than women, and men also can never

504
00:31:11,080 --> 00:31:13,280
Speaker 2: be women. That's a unique thing. I bet you didn't know.

505
00:31:13,400 --> 00:31:15,400
Speaker 2: Men cannot be women and women cannot be men, and

506
00:31:15,440 --> 00:31:18,600
Speaker 2: people who say so are wrong, and they're wrong, and

507
00:31:18,640 --> 00:31:20,800
Speaker 2: they're wrong, and they should be told that they're wrong.

508
00:31:22,480 --> 00:31:23,480
Speaker 3: Interesting story.

509
00:31:24,160 --> 00:31:25,840
Speaker 2: I've got it there on the show sheet over at

510
00:31:25,840 --> 00:31:29,360
Speaker 2: Tony kats dot com from hot Air, which goes to

511
00:31:29,440 --> 00:31:33,200
Speaker 2: a real kind of detailed conversation of this. It's interesting,

512
00:31:34,240 --> 00:31:40,520
Speaker 2: it's interesting. But all of this, all of this is

513
00:31:40,640 --> 00:31:48,120
Speaker 2: what feminism brings. Feminism is trash, and so are feminists.

514
00:31:49,280 --> 00:31:51,120
Speaker 3: Quote me, I'm Tony Katz.

515
00:31:51,280 --> 00:31:59,840
Speaker 2: According to the studies, if you take the ozembic, if

516
00:31:59,840 --> 00:32:06,840
Speaker 2: you take the Goovi, it can increase testosterone levels and

517
00:32:07,040 --> 00:32:09,160
Speaker 2: help your sex life.

518
00:32:10,520 --> 00:32:18,960
Speaker 3: Yes, yes, yes, yes, oh god.

519
00:32:23,000 --> 00:32:28,440
Speaker 2: Yep, Tony Katz, Tony Katz today, how you doing excuse.

520
00:32:28,040 --> 00:32:32,800
Speaker 3: Me while I take my injection. Well, that could be.

521
00:32:33,400 --> 00:32:34,080
Speaker 3: That's a story.

522
00:32:35,440 --> 00:32:39,720
Speaker 2: It is weird at this stage of the game, the

523
00:32:40,000 --> 00:32:45,320
Speaker 2: number of things that they say, these GLP one type

524
00:32:45,400 --> 00:32:52,080
Speaker 2: drugs are helping with and certainly we're going to see

525
00:32:52,080 --> 00:32:55,720
Speaker 2: in the years ahead people who have taken these things regularly,

526
00:32:55,760 --> 00:33:00,440
Speaker 2: and these people are studied what level of side effect exists.

527
00:32:59,840 --> 00:33:02,400
Speaker 3: I won't be surprised. I don't think anybody should be

528
00:33:02,440 --> 00:33:04,360
Speaker 3: surprised if that should come.

529
00:33:04,240 --> 00:33:07,040
Speaker 2: To be, Like Hey, we learned this happens. I'm not

530
00:33:07,080 --> 00:33:12,080
Speaker 2: gonna be surprised by that. But when you take a

531
00:33:12,080 --> 00:33:14,880
Speaker 2: study of one hundred and ten men with obeseity or

532
00:33:14,920 --> 00:33:19,920
Speaker 2: type two diabetes, they're taking GLP one medications like ozepi wigov.

533
00:33:21,080 --> 00:33:24,240
Speaker 3: Is that zep bound as well or is it wunjaro.

534
00:33:24,320 --> 00:33:26,080
Speaker 2: I don't know which one is which in that one,

535
00:33:26,680 --> 00:33:29,720
Speaker 2: and they take a look at them taking these GLP

536
00:33:29,840 --> 00:33:34,959
Speaker 2: one medications but not taking testosterone. Eighteen months of treatment,

537
00:33:35,000 --> 00:33:38,320
Speaker 2: the average age of fifty four. What they saw was that,

538
00:33:38,360 --> 00:33:41,080
Speaker 2: in addition to weight loss, the proportion of men with

539
00:33:41,200 --> 00:33:44,720
Speaker 2: normal levels of both total and free testosterone rose from

540
00:33:44,760 --> 00:33:48,400
Speaker 2: fifty three percent to seventy seven percent. So is the

541
00:33:48,440 --> 00:33:52,560
Speaker 2: GLP one itself helping with that or is the weight

542
00:33:52,560 --> 00:33:59,440
Speaker 2: loss helping with that? That's so the argument is from

543
00:33:59,440 --> 00:34:02,960
Speaker 2: Saint Luisent University Hospital. Our studies, among the first, provide

544
00:34:03,000 --> 00:34:06,320
Speaker 2: compelling evidence that low testosterone can be reversed with the

545
00:34:06,440 --> 00:34:10,120
Speaker 2: use of commonly prescribed anti obesity medications.

546
00:34:13,920 --> 00:34:17,600
Speaker 3: The real story in this is all the insurance.

547
00:34:17,120 --> 00:34:18,799
Speaker 2: Companies who are like, no, no, we're not gonna We're

548
00:34:18,800 --> 00:34:20,520
Speaker 2: not gonna cover that. No, no, no, I don't care

549
00:34:20,560 --> 00:34:23,400
Speaker 2: if it's been you know, uh, prescribed by your doctor.

550
00:34:23,440 --> 00:34:25,120
Speaker 3: I don't know. It doesn't matter that they've called in

551
00:34:25,160 --> 00:34:25,600
Speaker 3: seven times.

552
00:34:25,600 --> 00:34:30,440
Speaker 2: No, we're not gonna We're not gonna cover that. That's

553
00:34:32,800 --> 00:34:36,200
Speaker 2: that's the probably the biggest thing right now. And for

554
00:34:36,280 --> 00:34:40,919
Speaker 2: all these companies, you've got people who are willing to pay.

555
00:34:41,480 --> 00:34:45,480
Speaker 2: Don't get me wrong, but there's you're gonna have to

556
00:34:45,520 --> 00:34:48,239
Speaker 2: ask yourself. We have this many people willing to pay

557
00:34:48,280 --> 00:34:51,520
Speaker 2: the top dollar, but we've got this many people willing

558
00:34:51,600 --> 00:34:52,920
Speaker 2: to pay the smaller dollar.

559
00:34:53,960 --> 00:34:55,360
Speaker 3: Maybe it makes more sense.

560
00:34:57,920 --> 00:34:59,959
Speaker 2: But also there's gonna be a real pushback on insuran

561
00:35:00,000 --> 00:35:02,680
Speaker 2: as companies. Why aren't you covering this? My doctor says,

562
00:35:02,680 --> 00:35:06,640
Speaker 2: who are you? That's gonna come. But I mean, at

563
00:35:06,640 --> 00:35:08,759
Speaker 2: this stage of the game, there doesn't seem to be

564
00:35:08,760 --> 00:35:13,319
Speaker 2: anything that these drugs aren't doing to be helpful. The

565
00:35:13,360 --> 00:35:15,000
Speaker 2: only thing they're really doing that you know, that I

566
00:35:15,040 --> 00:35:17,759
Speaker 2: know of, to harm is the bourbon industry is down.

567
00:35:19,120 --> 00:35:21,680
Speaker 2: People drink less when they're on these medications, and sony

568
00:35:21,719 --> 00:35:24,480
Speaker 2: people are on these medications. It's a drinking less and

569
00:35:24,520 --> 00:35:27,600
Speaker 2: so yes, the bourbon industry has been affected by other things,

570
00:35:27,840 --> 00:35:30,680
Speaker 2: but by this as well. If he's sure your head

571
00:35:30,719 --> 00:35:33,960
Speaker 2: over to Tony kats dot com and subscribe and like and

572
00:35:34,040 --> 00:35:35,000
Speaker 2: do all the things.

573
00:35:35,040 --> 00:35:37,400
Speaker 3: More is coming up. This is Tony Katz today.

574
00:35:47,560 --> 00:35:52,640
Speaker 1: Why from dall Hertbiner and the Crossroads of America.

575
00:35:52,960 --> 00:36:00,560
Speaker 4: It's Tony Katz today.

576
00:36:08,840 --> 00:36:14,359
Speaker 2: Trusting the New York Times is a mistake, one could argue, impossible,

577
00:36:14,440 --> 00:36:17,520
Speaker 2: Tony Katz, Tony Katz Today. I'm going to walk you

578
00:36:17,600 --> 00:36:22,600
Speaker 2: through a couple of pieces here in regards to Israel. Now,

579
00:36:22,640 --> 00:36:25,880
Speaker 2: I should be full disclosure and I am. I am

580
00:36:25,960 --> 00:36:31,120
Speaker 2: absolutely a Zionist. I apologize for absolutely nothing. Israel's right

581
00:36:31,160 --> 00:36:34,400
Speaker 2: to exist, Israel's right to defend itself, that it is

582
00:36:35,080 --> 00:36:41,880
Speaker 2: and always has been, Israel unquestionable. I have no issue

583
00:36:42,520 --> 00:36:44,879
Speaker 2: with Palestinians have a place, having a place to call

584
00:36:44,920 --> 00:36:48,960
Speaker 2: their own. I have an issue with Palestinians supporting terrorists,

585
00:36:49,040 --> 00:36:51,920
Speaker 2: quote unquote, electing terrorists and being part of the October

586
00:36:51,920 --> 00:36:55,520
Speaker 2: seventh attacks that murder twelve hundred people and set babies

587
00:36:55,560 --> 00:36:56,080
Speaker 2: on fire.

588
00:36:57,840 --> 00:36:58,920
Speaker 3: I don't forgive it.

589
00:36:59,280 --> 00:36:59,360
Speaker 8: Now.

590
00:36:59,440 --> 00:37:01,879
Speaker 2: Maybe it's not for me to forgive, but I don't

591
00:37:01,920 --> 00:37:04,960
Speaker 2: forgive it, and I don't forget it. And I understand

592
00:37:05,000 --> 00:37:08,080
Speaker 2: who is responsible, and that is Hamas and they are guilty,

593
00:37:08,320 --> 00:37:10,960
Speaker 2: and the world will be better off when every member

594
00:37:11,000 --> 00:37:14,799
Speaker 2: of Hamas is dead. Not because I want to go

595
00:37:14,880 --> 00:37:18,560
Speaker 2: on the attack. I want to be left alone. I've

596
00:37:18,560 --> 00:37:23,040
Speaker 2: often made the statement that I want to have a steak,

597
00:37:23,200 --> 00:37:25,480
Speaker 2: smoke a cigar, and have sex with my wife, and

598
00:37:25,520 --> 00:37:30,600
Speaker 2: sometimes I don't even want steak. In every way, I

599
00:37:30,719 --> 00:37:33,680
Speaker 2: just want to be left alone. Yet I've got these

600
00:37:33,760 --> 00:37:36,880
Speaker 2: Islamists who don't want to leave anybody alone, who couldn't

601
00:37:36,880 --> 00:37:40,080
Speaker 2: accept the peace deal in forty eight, who couldn't accept

602
00:37:40,120 --> 00:37:43,080
Speaker 2: losing the Six Day War, who couldn't accept losing yum

603
00:37:43,160 --> 00:37:46,160
Speaker 2: kipor war, who can't accept the fact that they are

604
00:37:46,160 --> 00:37:49,200
Speaker 2: the impediments to peace time and time and time again.

605
00:37:49,520 --> 00:37:53,359
Speaker 2: And yet somehow, in a world filled with bigots, it's

606
00:37:53,400 --> 00:37:56,080
Speaker 2: always Israel that's the problem. With all due respect, that

607
00:37:56,239 --> 00:37:58,880
Speaker 2: isn't the case. This is the lie that gets told

608
00:37:59,040 --> 00:38:02,759
Speaker 2: and repeated again and again and again. And you see

609
00:38:03,400 --> 00:38:06,319
Speaker 2: the support that Hamasque gets, which brings us to the

610
00:38:06,320 --> 00:38:10,960
Speaker 2: New York Times where I started. The New York Times

611
00:38:11,520 --> 00:38:16,960
Speaker 2: cannot be trusted. They put on the cover of the

612
00:38:17,000 --> 00:38:19,400
Speaker 2: New York Times as if it's somehow all the news

613
00:38:19,440 --> 00:38:25,080
Speaker 2: that's fit to print, they put a picture of a very,

614
00:38:25,560 --> 00:38:30,960
Speaker 2: very sickly boy. They said that this was the situation

615
00:38:31,120 --> 00:38:38,480
Speaker 2: in Gaza, starvation everywhere, the picture of this boy, and

616
00:38:38,480 --> 00:38:41,400
Speaker 2: this boy looks sick, and this boy looks emaciated, and

617
00:38:41,440 --> 00:38:42,520
Speaker 2: this boy you could see his.

618
00:38:42,560 --> 00:38:46,479
Speaker 3: Ribs through his skin, and it is.

619
00:38:48,560 --> 00:38:56,040
Speaker 2: Absolutely horrific, and they said, this is what Israel is doing.

620
00:38:57,640 --> 00:39:02,040
Speaker 3: To the people of Gaza. This photo.

621
00:39:04,680 --> 00:39:10,040
Speaker 2: Then got a correction, and The New York Times on

622
00:39:10,120 --> 00:39:14,520
Speaker 2: their social media feed wrote, we recently ran a story

623
00:39:14,560 --> 00:39:18,800
Speaker 2: about Gaza's most vulnerable civilians, including this boy, who is

624
00:39:18,840 --> 00:39:24,160
Speaker 2: about eighteen months old and suffers from severe malnutrition. They continued,

625
00:39:24,760 --> 00:39:27,480
Speaker 2: we have since learned new information, including from the hospital

626
00:39:27,480 --> 00:39:30,120
Speaker 2: that treated him and his medical records, and we have

627
00:39:30,280 --> 00:39:32,960
Speaker 2: updated our story to add context about his pre existing

628
00:39:33,000 --> 00:39:33,600
Speaker 2: health problems.

629
00:39:35,440 --> 00:39:39,600
Speaker 3: Oh so he isn't being starved.

630
00:39:40,480 --> 00:39:45,160
Speaker 2: There are a series of issues with this boy that

631
00:39:45,200 --> 00:39:46,640
Speaker 2: are leading to this moment.

632
00:39:47,760 --> 00:39:48,880
Speaker 3: Huh.

633
00:39:49,280 --> 00:39:52,560
Speaker 2: I mean, that's terrible for the boy, But but why

634
00:39:52,560 --> 00:39:54,920
Speaker 2: didn't you do this investigation before you posted the photo?

635
00:39:56,480 --> 00:39:58,120
Speaker 3: Why didn't the New York Times.

636
00:39:58,480 --> 00:40:07,279
Speaker 2: Check before they posted the photo? And maybe maybe you

637
00:40:07,320 --> 00:40:10,200
Speaker 2: could have looked at one of the photos that shows

638
00:40:10,239 --> 00:40:11,960
Speaker 2: another boy next to him.

639
00:40:12,000 --> 00:40:12,839
Speaker 3: As this boy is.

640
00:40:12,760 --> 00:40:15,080
Speaker 2: In what would obstensibly would be his mother's arms, there's

641
00:40:15,120 --> 00:40:17,920
Speaker 2: another boy there could be his brother. And that boy

642
00:40:18,520 --> 00:40:27,200
Speaker 2: looks perfectly fine, totally healthy, not emaciated, strong.

643
00:40:28,080 --> 00:40:32,960
Speaker 3: Like a young boy. How is he fed?

644
00:40:34,239 --> 00:40:39,839
Speaker 2: And yet this boy in the mother's arms totally emaciated.

645
00:40:43,000 --> 00:40:44,840
Speaker 2: Why would the New York Times.

646
00:40:45,160 --> 00:40:46,280
Speaker 3: Allow this to happen?

647
00:40:46,600 --> 00:40:49,279
Speaker 2: Well, the only reason to allow this to happen is

648
00:40:49,320 --> 00:40:53,480
Speaker 2: because you are absolutely taking the side of Hamas and

649
00:40:53,600 --> 00:40:58,200
Speaker 2: that is unacceptable, indecent, disgusting and despicable. And if you

650
00:40:58,200 --> 00:41:00,800
Speaker 2: trust the New York Times, there is there's no possible

651
00:41:00,840 --> 00:41:02,799
Speaker 2: way for you to get an honest.

652
00:41:02,440 --> 00:41:03,160
Speaker 3: Clear story.

653
00:41:03,320 --> 00:41:05,960
Speaker 2: To support the New York Times is to say, I'll

654
00:41:05,960 --> 00:41:09,840
Speaker 2: throw in with the worst of the worst, the most dangerous,

655
00:41:09,920 --> 00:41:12,600
Speaker 2: the most awful, the most manipulative.

656
00:41:12,040 --> 00:41:17,239
Speaker 3: And I'll do it with a smile. And then you'll

657
00:41:17,280 --> 00:41:18,560
Speaker 3: take the New York Times and.

658
00:41:18,520 --> 00:41:20,440
Speaker 2: You'll look at this and say, that terrible story, how

659
00:41:20,520 --> 00:41:22,600
Speaker 2: dare you write that story or read that story or

660
00:41:22,640 --> 00:41:23,960
Speaker 2: print that story, and shame on you.

661
00:41:24,160 --> 00:41:25,960
Speaker 3: And then you'll read the next story and you'll believe it. All.

662
00:41:26,120 --> 00:41:29,240
Speaker 3: That's called the gell Man effect.

663
00:41:30,040 --> 00:41:32,160
Speaker 2: You read a story, you know that it's false, it's

664
00:41:32,160 --> 00:41:34,479
Speaker 2: proven false, it's proven a lie. But the next story

665
00:41:34,520 --> 00:41:36,920
Speaker 2: you read in the same exact publication, you're like, oh, well,

666
00:41:36,960 --> 00:41:45,319
Speaker 2: that's very interesting, Like it's believable. Everything that you have

667
00:41:45,400 --> 00:41:49,200
Speaker 2: heard regarding the starvation.

668
00:41:50,600 --> 00:41:55,919
Speaker 3: In Gaza is the fault of Hamas, every last bit

669
00:41:55,960 --> 00:41:56,239
Speaker 3: of it.

670
00:41:56,600 --> 00:41:58,960
Speaker 2: I don't say to you that the Israeli military does

671
00:41:59,000 --> 00:41:59,760
Speaker 2: everything perfectly.

672
00:42:00,120 --> 00:42:01,240
Speaker 3: This is not my argument.

673
00:42:01,840 --> 00:42:07,960
Speaker 2: The IDF is far from perfect. The IDF, howeever, is

674
00:42:08,000 --> 00:42:12,000
Speaker 2: pushing out video showing how the UN is not getting

675
00:42:12,000 --> 00:42:15,279
Speaker 2: the foods people. How Hamas this terrorist organization where every

676
00:42:15,320 --> 00:42:17,960
Speaker 2: member needs to be killed. Sorry, if you got some

677
00:42:18,120 --> 00:42:20,400
Speaker 2: kind of problem with that. I don't think I'm the

678
00:42:20,480 --> 00:42:24,120
Speaker 2: show for you. But I'm pretty sure that Candice Owens

679
00:42:24,160 --> 00:42:29,120
Speaker 2: is doing something you would love to listen to. Hamas

680
00:42:29,120 --> 00:42:32,600
Speaker 2: steals the food. Hamas doesn't care if its people starve.

681
00:42:32,960 --> 00:42:37,000
Speaker 2: They don't care. And yet all this blame to Israel.

682
00:42:37,200 --> 00:42:39,720
Speaker 2: I've got Mike Huckabee, who is the US and master

683
00:42:39,800 --> 00:42:46,400
Speaker 2: to Israel, saying the UN is to blame for Gaza hunger,

684
00:42:47,440 --> 00:42:48,080
Speaker 2: not Israel.

685
00:42:48,600 --> 00:42:51,640
Speaker 9: Well, attest to the fact that there is a humanitarian

686
00:42:51,680 --> 00:42:54,399
Speaker 9: food efforts going on. You recently had Ken Isaac's from

687
00:42:54,400 --> 00:42:57,200
Speaker 9: Samaritans Personal. I watched the interview that you did with him.

688
00:42:57,239 --> 00:43:01,160
Speaker 9: It was wonderful. Ken actually went into and embedded for

689
00:43:01,239 --> 00:43:05,319
Speaker 9: three days with the Gaza Humanitarian Foundation and found that

690
00:43:05,360 --> 00:43:11,440
Speaker 9: there were people being fed. The UN unfortunately wouldn't help GHF.

691
00:43:11,800 --> 00:43:15,520
Speaker 9: They had nine hundred trucks full of food sitting on

692
00:43:15,640 --> 00:43:20,120
Speaker 9: delivered sitting in the sun, rotting. Other so called humanitarian

693
00:43:20,200 --> 00:43:23,839
Speaker 9: organizations had palets of food thousands that would have fed

694
00:43:23,880 --> 00:43:26,920
Speaker 9: people for two years. The problem has been that the

695
00:43:27,040 --> 00:43:30,280
Speaker 9: UN has been sitting on its hands rather than using

696
00:43:30,320 --> 00:43:32,040
Speaker 9: its hands to pass out the food.

697
00:43:33,520 --> 00:43:38,200
Speaker 2: That's the US ambassador to Israel explaining the situation as

698
00:43:38,239 --> 00:43:38,520
Speaker 2: it is.

699
00:43:40,520 --> 00:43:43,080
Speaker 3: But this doesn't change the minds.

700
00:43:43,320 --> 00:43:49,160
Speaker 2: Facts don't change the minds of ideologues. If you don't

701
00:43:49,239 --> 00:43:52,200
Speaker 2: know what Pod Save America is, it is a podcast

702
00:43:52,280 --> 00:43:54,680
Speaker 2: and it is a popular podcast, and it's run by

703
00:43:54,680 --> 00:43:58,720
Speaker 2: the guys who were all there with Obama, all these

704
00:43:58,920 --> 00:44:01,759
Speaker 2: Obama bros, Tommy vived Or who I think is despicable

705
00:44:01,960 --> 00:44:02,880
Speaker 2: in a host of others.

706
00:44:03,080 --> 00:44:04,760
Speaker 3: It's not that they're not allowed to have a different

707
00:44:04,800 --> 00:44:05,920
Speaker 3: opinion than me.

708
00:44:06,440 --> 00:44:10,520
Speaker 2: It's that their opinions are very often of a radical nature.

709
00:44:10,680 --> 00:44:12,920
Speaker 2: These are the people who I find view as anti

710
00:44:12,960 --> 00:44:19,879
Speaker 2: American and the subject of Israel and on Democrats, they

711
00:44:19,960 --> 00:44:21,440
Speaker 2: think that they're being intellectual.

712
00:44:21,800 --> 00:44:24,000
Speaker 8: And I don't think Democratic candidates should take money from

713
00:44:24,000 --> 00:44:27,080
Speaker 8: APEX or vote to fund to military support for Israel anymore.

714
00:44:27,120 --> 00:44:30,040
Speaker 8: Like I really don't this government, absolutely not, and that

715
00:44:30,239 --> 00:44:33,279
Speaker 8: especially includes I think the next Democratic nominee for president.

716
00:44:33,320 --> 00:44:35,080
Speaker 10: Things I want to see Democrats at least calling for

717
00:44:35,160 --> 00:44:37,439
Speaker 10: is cutting off military says into Israel. It's a rich country.

718
00:44:37,480 --> 00:44:38,680
Speaker 10: By the way, they don't need our three billion a

719
00:44:38,760 --> 00:44:40,719
Speaker 10: year and hands out right back. Obama signed a ten

720
00:44:40,760 --> 00:44:42,719
Speaker 10: year MoU for three point three billion a year. Like

721
00:44:42,760 --> 00:44:44,799
Speaker 10: so weird part of the problem here, let's correct it.

722
00:44:44,800 --> 00:44:47,480
Speaker 10: I would like to see talk about sanctioning Israeli government

723
00:44:47,480 --> 00:44:50,720
Speaker 10: officials who use genocidal rhetoric or who talk about ethnic

724
00:44:50,719 --> 00:44:53,640
Speaker 10: cleansing openly. We should support a ceasefire resolution at the UN.

725
00:44:53,680 --> 00:44:56,360
Speaker 10: We should demand that international press be allowed into the

726
00:44:56,360 --> 00:44:59,040
Speaker 10: Gaza strip to report on what's happening without an IDF minder.

727
00:44:59,080 --> 00:45:01,160
Speaker 10: It's insane. Press still can't go with the guys that

728
00:45:01,160 --> 00:45:02,839
Speaker 10: and cover what's happening. And I also think like there

729
00:45:02,840 --> 00:45:05,240
Speaker 10: has to be a total mindset change in the Democratic

730
00:45:05,239 --> 00:45:07,040
Speaker 10: Party when the war ends. We are not going back

731
00:45:07,080 --> 00:45:09,759
Speaker 10: to the pre October seventh status quo because where the

732
00:45:09,800 --> 00:45:10,239
Speaker 10: party is.

733
00:45:10,880 --> 00:45:13,480
Speaker 3: We know that's not where the party is.

734
00:45:14,320 --> 00:45:20,400
Speaker 2: We understand that the Democratic Party, Tommy, is an anti Semitic,

735
00:45:20,600 --> 00:45:24,400
Speaker 2: anti Western civilization party. You may disagree with me and

736
00:45:24,400 --> 00:45:26,520
Speaker 2: be like, my gosh, that's a level of overkill.

737
00:45:26,960 --> 00:45:27,320
Speaker 3: Noticed.

738
00:45:27,360 --> 00:45:29,840
Speaker 2: You don't have any argument for me if you aren't

739
00:45:29,880 --> 00:45:31,799
Speaker 2: interested in giving financial aid to Israel, and a lot

740
00:45:31,840 --> 00:45:33,840
Speaker 2: of people not interested in giving financial aid to Israel,

741
00:45:33,880 --> 00:45:34,080
Speaker 2: and now.

742
00:45:34,000 --> 00:45:36,040
Speaker 3: A lot of people not insitud of giving financial aid.

743
00:45:36,440 --> 00:45:42,000
Speaker 2: Okay, I don't fault you for thinking that that shouldn't happen.

744
00:45:42,880 --> 00:45:45,440
Speaker 4: That can be part of a much larger conversation.

745
00:45:47,840 --> 00:45:50,920
Speaker 2: But we're not going back to an October seventh, of

746
00:45:51,000 --> 00:45:55,600
Speaker 2: pre October se What does that even mean. The bigotry

747
00:45:55,640 --> 00:45:58,160
Speaker 2: of the left is a mainstream bigotry.

748
00:45:59,680 --> 00:46:01,480
Speaker 3: We talk about this the other day with the chicks

749
00:46:01,520 --> 00:46:01,959
Speaker 3: on the right.

750
00:46:02,160 --> 00:46:05,120
Speaker 2: When you look at candas Ow and Ja Tucker, Dave Smith,

751
00:46:05,600 --> 00:46:08,600
Speaker 2: these people get pushback from the political right. The pushback

752
00:46:08,640 --> 00:46:14,000
Speaker 2: from the left is zero. It's mainstream to the bigotry.

753
00:46:14,800 --> 00:46:16,719
Speaker 2: This is an argument about whether or not Israel can

754
00:46:16,800 --> 00:46:20,000
Speaker 2: even defend itself, and this argument wouldn't hold for any

755
00:46:20,000 --> 00:46:23,439
Speaker 2: other country, doesn't hold in any other capacity or any

756
00:46:23,480 --> 00:46:27,080
Speaker 2: other context. And their like minded fellow travelers, the New

757
00:46:27,120 --> 00:46:33,880
Speaker 2: York Times are willing to lie and manipulate and edit photos, imagery,

758
00:46:34,239 --> 00:46:39,399
Speaker 2: iconography to push this idea. So the Democratic Party isn't

759
00:46:39,440 --> 00:46:44,400
Speaker 2: going back, no kidding, boo boo, you are here.

760
00:46:44,840 --> 00:46:47,359
Speaker 3: You are right where you are in the.

761
00:46:47,520 --> 00:46:51,840
Speaker 2: Loving embrace of Rashida talib Ilhan Omar and Lewis Farakhan.

762
00:46:52,160 --> 00:46:58,960
Speaker 2: We see you, we know what you're about. But I

763
00:46:59,000 --> 00:47:04,760
Speaker 2: will tell you that I was most disappointed to see

764
00:47:04,800 --> 00:47:09,040
Speaker 2: this from Megan Kelly.

765
00:47:09,200 --> 00:47:11,200
Speaker 3: I don't like or not like Megan Kelly. I've never

766
00:47:11,280 --> 00:47:12,400
Speaker 3: met Meghan Kelly.

767
00:47:14,400 --> 00:47:18,440
Speaker 2: I go back to the first run for president by

768
00:47:18,440 --> 00:47:20,760
Speaker 2: Trump and the debate from Megan where.

769
00:47:20,560 --> 00:47:21,840
Speaker 3: Megan Kelly was the bait moderator.

770
00:47:21,880 --> 00:47:25,480
Speaker 2: I thought she was terrible, did a fine show, she

771
00:47:25,560 --> 00:47:29,120
Speaker 2: was terrible, terrible, absolutely terrible.

772
00:47:30,840 --> 00:47:31,920
Speaker 3: Then you take a look at.

773
00:47:31,760 --> 00:47:36,319
Speaker 2: What happened to her at NBC, and NBC was abusive

774
00:47:36,400 --> 00:47:39,160
Speaker 2: to Megan Kelly. And I don't think Megan Kelly got

775
00:47:39,239 --> 00:47:41,640
Speaker 2: enough support from the rest of us regarding what was

776
00:47:41,680 --> 00:47:43,840
Speaker 2: happening there. We took a look at what had happened

777
00:47:44,040 --> 00:47:44,319
Speaker 2: in that.

778
00:47:44,320 --> 00:47:46,440
Speaker 3: Debate, and she left Fox, it goes to NBC. We

779
00:47:46,520 --> 00:47:48,680
Speaker 3: were like, well, now you deserve what you get.

780
00:47:48,880 --> 00:47:51,400
Speaker 2: I don't think she deserved everything she got over at NBC,

781
00:47:52,200 --> 00:47:56,200
Speaker 2: not at all, not by any stretch of the imagination.

782
00:47:56,960 --> 00:48:00,399
Speaker 2: Now she's got the podcast and now she's she's on

783
00:48:00,520 --> 00:48:03,120
Speaker 2: I think it's serious satellite and she's building this. She

784
00:48:03,160 --> 00:48:07,279
Speaker 2: has hired Hope Hicks. That's right from Trump one, that

785
00:48:07,440 --> 00:48:16,160
Speaker 2: Hope Hicks. But she goes on Piers Morgan's show and well,

786
00:48:16,200 --> 00:48:17,239
Speaker 2: this is the conversation.

787
00:48:17,440 --> 00:48:20,440
Speaker 11: I'm always reluctant to put too much stock any images

788
00:48:20,440 --> 00:48:23,880
Speaker 11: coming out of Gaza that phrase, because they're manipulated and

789
00:48:23,880 --> 00:48:26,560
Speaker 11: their masters of propaganda, and they're fine having their own

790
00:48:26,600 --> 00:48:28,640
Speaker 11: children starve just as long as they can put them

791
00:48:28,640 --> 00:48:31,000
Speaker 11: on camera and show them off to the world. That's

792
00:48:31,160 --> 00:48:33,719
Speaker 11: humus And frankly, it's a lot of Palestinians.

793
00:48:33,760 --> 00:48:39,319
Speaker 2: So now that's absolutely correct. The people of Hamas, these despicable,

794
00:48:39,360 --> 00:48:42,080
Speaker 2: low life terrorists who should be destroyed, don't care if

795
00:48:42,120 --> 00:48:44,960
Speaker 2: their own people die. If Israelis die, they win if

796
00:48:44,960 --> 00:48:45,719
Speaker 2: their own people die.

797
00:48:45,760 --> 00:48:46,120
Speaker 3: They win.

798
00:48:46,360 --> 00:48:50,279
Speaker 2: They are sick, they are dangerous, they are awful for

799
00:48:50,400 --> 00:48:54,200
Speaker 2: all of humanity, and the rational person wants doesn't want

800
00:48:54,200 --> 00:48:55,640
Speaker 2: them to be like this. But they're going to keep

801
00:48:55,680 --> 00:48:57,360
Speaker 2: being like this, Well, then they have to lose, and we,

802
00:48:57,800 --> 00:49:01,960
Speaker 2: the rational people, have to win. Megan now makes a turn.

803
00:49:02,080 --> 00:49:05,319
Speaker 11: So I'm very skeptical of taking those images at face

804
00:49:05,400 --> 00:49:09,520
Speaker 11: value and saying it's Israel's fault. Having said that it's time,

805
00:49:09,840 --> 00:49:13,440
Speaker 11: It's time now. Israel, whether it realizes it or not,

806
00:49:14,040 --> 00:49:18,680
Speaker 11: has made itself the villain of the world in letting

807
00:49:18,680 --> 00:49:21,360
Speaker 11: this thing go on so long. They have lost support

808
00:49:21,520 --> 00:49:25,840
Speaker 11: amongst their dearest friends, and even the entire Democrat Party

809
00:49:25,880 --> 00:49:27,960
Speaker 11: here in the United States has turned against them, and

810
00:49:28,000 --> 00:49:31,200
Speaker 11: they're losing Republicans by the day here in America, which

811
00:49:31,239 --> 00:49:34,280
Speaker 11: is their most important ally. So whether the fight continues

812
00:49:34,320 --> 00:49:37,360
Speaker 11: to be just or not is almost irrelevant. As Trump

813
00:49:37,400 --> 00:49:39,560
Speaker 11: said when he was running this time last year, not

814
00:49:39,640 --> 00:49:42,520
Speaker 11: yet elected, time to wrap it up. And that's how

815
00:49:42,560 --> 00:49:45,000
Speaker 11: I feel too. And I've given Israel a long berth

816
00:49:45,120 --> 00:49:48,080
Speaker 11: I fully understand as an American who was attacked on

817
00:49:48,200 --> 00:49:51,160
Speaker 11: nine to eleven in my country, was that when you

818
00:49:51,200 --> 00:49:54,360
Speaker 11: attack the United States and you kill thousands of our citizens,

819
00:49:54,480 --> 00:49:56,400
Speaker 11: and Israel was in this position on ten to seven.

820
00:49:56,680 --> 00:49:59,160
Speaker 11: It's fine to respond, and it doesn't have to be proportionate.

821
00:49:59,160 --> 00:50:01,759
Speaker 11: Whoever said has to be proportionate. It can be overwhelming

822
00:50:01,840 --> 00:50:04,680
Speaker 11: force to teach a lesson to any enemy you mess

823
00:50:04,719 --> 00:50:08,520
Speaker 11: with us, It's going to be extremely painful, disproportionately painful

824
00:50:08,560 --> 00:50:10,880
Speaker 11: for you. I have no problem with that. But what

825
00:50:11,000 --> 00:50:14,600
Speaker 11: Israel's doing now is losing its standing with the rest

826
00:50:14,719 --> 00:50:15,400
Speaker 11: of the world.

827
00:50:17,200 --> 00:50:19,280
Speaker 2: It sounds like you do have a problem with it, Megan,

828
00:50:19,360 --> 00:50:21,680
Speaker 2: But let's start where we start. What makes you think

829
00:50:21,680 --> 00:50:24,840
Speaker 2: they had a standing before? No, no, no, they didn't

830
00:50:24,840 --> 00:50:29,960
Speaker 2: have a standing before. They were hated before. They were

831
00:50:29,960 --> 00:50:35,239
Speaker 2: hated before, and they're hated now. You're losing what the

832
00:50:35,239 --> 00:50:38,640
Speaker 2: support of Marjorie Taylor Green. Marjorie Taylor Green is wrong.

833
00:50:40,040 --> 00:50:40,239
Speaker 3: Man.

834
00:50:40,320 --> 00:50:43,840
Speaker 2: If Israel only had those space lasers, everything would be okay.

835
00:50:44,239 --> 00:50:49,040
Speaker 2: Loss of support of Thomas Massey, losing the support of

836
00:50:49,040 --> 00:50:54,279
Speaker 2: whom and for what reason? For what purpose? Because of

837
00:50:54,320 --> 00:50:58,719
Speaker 2: the lives of the New York Times discussing starvation. At

838
00:50:58,760 --> 00:51:04,600
Speaker 2: least President Trump understands that you can't let hamas you know,

839
00:51:04,680 --> 00:51:06,680
Speaker 2: through all this and then say there should be a

840
00:51:06,719 --> 00:51:09,480
Speaker 2: Palestinian homeland. You can't let Hamas win like that. You

841
00:51:09,520 --> 00:51:11,640
Speaker 2: can't give them that victory. It will tell them to

842
00:51:11,640 --> 00:51:15,720
Speaker 2: commit more acts of terrorism, which is true. Israel already

843
00:51:15,760 --> 00:51:18,320
Speaker 2: knows they don't have friends and that the friendship of

844
00:51:18,360 --> 00:51:22,120
Speaker 2: the United States is tenuous at best, not because they

845
00:51:22,120 --> 00:51:24,160
Speaker 2: don't want it to not because they want it to be,

846
00:51:24,400 --> 00:51:28,080
Speaker 2: but because progressives have moved more and more to the

847
00:51:28,160 --> 00:51:32,719
Speaker 2: Rashiitas leave Ilhan o mar Lewis Farakhan camp, like the

848
00:51:32,760 --> 00:51:39,080
Speaker 2: Obama bros. There pod Save America, wrap it up. I

849
00:51:39,080 --> 00:51:40,879
Speaker 2: don't think you get to decide that, Megan. I think

850
00:51:40,880 --> 00:51:44,839
Speaker 2: you're making a very very large mistake. I think it

851
00:51:44,880 --> 00:51:46,680
Speaker 2: is up to us, the rational people, are free and

852
00:51:46,760 --> 00:51:52,000
Speaker 2: thinking people, to be far more in favor of Israel's Endingnes.

853
00:51:52,960 --> 00:51:54,920
Speaker 2: I think you got to understand that what the world

854
00:51:54,920 --> 00:51:57,040
Speaker 2: may be saying, but you got to understand that you

855
00:51:57,080 --> 00:52:00,560
Speaker 2: can't survive of these people survive. You still have your

856
00:52:00,560 --> 00:52:04,919
Speaker 2: people being held hostage. And this because Marjorie Taylor Green

857
00:52:05,040 --> 00:52:10,319
Speaker 2: is upset. Megan, that's that is not a rational point

858
00:52:10,320 --> 00:52:15,320
Speaker 2: of view. That's not even an argument. That's you're tired

859
00:52:15,360 --> 00:52:18,880
Speaker 2: of seeing something. I think these Railers are more tired,

860
00:52:20,120 --> 00:52:22,880
Speaker 2: and I think the Israelis should decide when this is done.

861
00:52:23,200 --> 00:52:26,120
Speaker 2: And in the paraphrase of knocka Megan, they're really clear

862
00:52:26,400 --> 00:52:28,799
Speaker 2: they're not going to bend an They if they have

863
00:52:28,840 --> 00:52:33,040
Speaker 2: to go at alone, they will. But I think you're

864
00:52:33,080 --> 00:52:35,880
Speaker 2: making a very big mistake, Meghan, and I think you

865
00:52:36,040 --> 00:52:41,560
Speaker 2: have really a bad argument and a weak argument. We'll

866
00:52:41,560 --> 00:52:43,880
Speaker 2: discuss it more in the future. I'm Tony Katz.

867
00:52:44,160 --> 00:52:45,319
Speaker 3: A quick follow up.

868
00:52:49,360 --> 00:52:55,080
Speaker 2: The quick follow up is this, uh, this this post.

869
00:52:56,280 --> 00:53:01,440
Speaker 2: Who is Elijah Schaeffer on the Twitter act? Well, let

870
00:53:01,520 --> 00:53:07,160
Speaker 2: me see if I can find Elijah Shaefer there. Let's

871
00:53:07,200 --> 00:53:11,680
Speaker 2: see who is this dude the CEO of the Rift TV.

872
00:53:11,960 --> 00:53:17,239
Speaker 2: I have no idea, no idea who this dude is.

873
00:53:17,560 --> 00:53:21,839
Speaker 2: But here here just as a putting a little bit

874
00:53:21,880 --> 00:53:27,080
Speaker 2: of a final bloop on that story there about Megan

875
00:53:27,160 --> 00:53:34,600
Speaker 2: Kelly fun facts. The CEO of American Eagle is J. L. Schottenstein.

876
00:53:35,640 --> 00:53:40,040
Speaker 2: American Eagle. This is a story about Sidney Sweeney and

877
00:53:40,080 --> 00:53:41,440
Speaker 2: the whole genes. I remember she did the.

878
00:53:41,440 --> 00:53:42,439
Speaker 3: Ads for American Eagle.

879
00:53:42,520 --> 00:53:44,319
Speaker 2: She's wearing the blue jeans and people like this is

880
00:53:44,400 --> 00:53:48,480
Speaker 2: Nazi propaganda. It's like, oh, holy Heck, everyone's crazy. Liberals

881
00:53:48,480 --> 00:53:50,560
Speaker 2: don't know how to have a good time. Hot chick

882
00:53:50,680 --> 00:53:55,200
Speaker 2: in jeans, Yeah, very American apple pie American, right there,

883
00:53:55,360 --> 00:53:58,080
Speaker 2: So this guy writes fun facts. The CEO of American

884
00:53:58,120 --> 00:54:01,239
Speaker 2: Eagle is J. L. Schottenstein or Shottin, one of the

885
00:54:01,360 --> 00:54:05,480
Speaker 2: largest donors to Jewish causes. Previously, the company was founded

886
00:54:05,480 --> 00:54:09,080
Speaker 2: by Mark and Jerry Silverman. American Eagle has focused on

887
00:54:09,080 --> 00:54:13,520
Speaker 2: supporting Israeli holidays, including giving free adspace to Kabad, which

888
00:54:13,560 --> 00:54:16,600
Speaker 2: is an organization of Jews trying to get.

889
00:54:16,560 --> 00:54:19,120
Speaker 3: People to be more Jewish. I guess the best way

890
00:54:19,120 --> 00:54:21,919
Speaker 3: to put it, so you telling me.

891
00:54:23,760 --> 00:54:28,960
Speaker 2: That first it was Sidney Sweeney, the actress engaging in

892
00:54:29,120 --> 00:54:35,040
Speaker 2: Nazi propaganda for saying my family gave me great jeans

893
00:54:35,520 --> 00:54:39,560
Speaker 2: when they're talking about jeans like what she's wearing. So

894
00:54:39,640 --> 00:54:43,600
Speaker 2: first was Nazi propaganda, and next this is really all

895
00:54:43,840 --> 00:54:47,440
Speaker 2: just some kind of unique cabal put forth by the Jews.

896
00:54:47,840 --> 00:54:50,480
Speaker 3: And he spelled Jews was seventeen. O's right there.

897
00:54:52,880 --> 00:54:59,120
Speaker 2: I no matter which way you turn, these people have

898
00:54:59,200 --> 00:55:07,960
Speaker 2: got ahe we see the connection moment. My god, the

899
00:55:08,040 --> 00:55:11,440
Speaker 2: amount of people who need to I can't say that

900
00:55:11,440 --> 00:55:12,319
Speaker 2: on an air, but.

901
00:55:12,320 --> 00:55:15,080
Speaker 3: You know what they need to do and relax. There's

902
00:55:15,120 --> 00:55:17,879
Speaker 3: a lot of people. I don't know where they're gonna

903
00:55:17,880 --> 00:55:20,400
Speaker 3: find somebody, but that's their problem. I'm Tony Katz.

904
00:55:20,560 --> 00:55:22,720
Speaker 2: I think it's very fair to call a step down

905
00:55:23,920 --> 00:55:31,040
Speaker 2: when Katie Perry is seen canoodling with Justin Trudeau. Oh oh,

906
00:55:31,280 --> 00:55:36,200
Speaker 2: you weren't expecting the full cultural conversation of pop star

907
00:55:36,360 --> 00:55:42,200
Speaker 2: slash astronaut with failed politicians slash blackface lover.

908
00:55:42,640 --> 00:55:44,799
Speaker 3: No, you weren't. You weren't ready for that?

909
00:55:45,360 --> 00:55:52,080
Speaker 2: Oh gosh, who who possibly could have been ready for that?

910
00:55:52,880 --> 00:55:54,160
Speaker 3: Nobody? I tell you is.

911
00:55:57,760 --> 00:55:59,760
Speaker 2: Nobody expects the Spanish Inquisition.

912
00:56:00,040 --> 00:56:01,880
Speaker 3: It's true. It's very very true.

913
00:56:01,920 --> 00:56:05,040
Speaker 2: Tony Katz, Tony Katz Today, what's going on?

914
00:56:05,320 --> 00:56:05,880
Speaker 3: Good to be with?

915
00:56:05,960 --> 00:56:06,000
Speaker 11: You?

916
00:56:06,120 --> 00:56:09,640
Speaker 2: Find everything at Tony Katz dot com. So this is

917
00:56:09,680 --> 00:56:16,360
Speaker 2: the story, and I'm just asking ladies, guys, this is

918
00:56:16,360 --> 00:56:17,120
Speaker 2: a step down.

919
00:56:17,239 --> 00:56:17,399
Speaker 1: Right.

920
00:56:18,120 --> 00:56:23,719
Speaker 2: Katie Perry was with Orlando Bloom Legalos from Lord of

921
00:56:23,719 --> 00:56:24,200
Speaker 2: the Rings.

922
00:56:25,120 --> 00:56:26,719
Speaker 3: Guy can walk on snow.

923
00:56:27,040 --> 00:56:30,960
Speaker 2: He can hear and see everything. He loves Dwarves. There's

924
00:56:31,000 --> 00:56:36,479
Speaker 2: nothing but absolutely perfection about him. And then they break

925
00:56:36,600 --> 00:56:40,120
Speaker 2: up after years and an engagement and Laura, I don't

926
00:56:40,160 --> 00:56:42,319
Speaker 2: know how it worked, and listen, I don't know how

927
00:56:42,320 --> 00:56:44,800
Speaker 2: you dealt with Katie Perry because she's kind of nuts

928
00:56:45,160 --> 00:56:46,680
Speaker 2: but probably a lot of fun.

929
00:56:47,120 --> 00:56:49,520
Speaker 3: Am I allowed to say? No, it's not allowed to

930
00:56:49,520 --> 00:56:49,919
Speaker 3: be said.

931
00:56:51,520 --> 00:56:54,080
Speaker 2: Are we gonna pretend that the crazy hot thing doesn't

932
00:56:54,080 --> 00:56:58,000
Speaker 2: Actually it's okay, We'll leave it there. They end their

933
00:56:58,040 --> 00:57:04,360
Speaker 2: relationship and now, oh, there's a video of a dinner

934
00:57:05,960 --> 00:57:12,920
Speaker 2: where Katie Perry, who's on tour in Canada, is hanging out.

935
00:57:14,320 --> 00:57:16,920
Speaker 4: With Justin Trudeau.

936
00:57:18,600 --> 00:57:24,800
Speaker 2: And I have questions. And my first question is this

937
00:57:24,840 --> 00:57:29,640
Speaker 2: is a step down, right, This is a thousand percent

938
00:57:29,720 --> 00:57:30,400
Speaker 2: a step.

939
00:57:30,160 --> 00:57:32,160
Speaker 3: Down for her.

940
00:57:33,160 --> 00:57:40,000
Speaker 2: Justin Trudeau is the kind of guy women want. Hold

941
00:57:40,040 --> 00:57:44,920
Speaker 2: on this real, This is like the masculinity they've always

942
00:57:44,960 --> 00:57:53,960
Speaker 2: been looking for. Is Justin Trudeau? Nah, not possible. I

943
00:57:54,000 --> 00:57:59,520
Speaker 2: am saying not possible. I'm saying no way, because if

944
00:57:59,520 --> 00:58:04,040
Speaker 2: it is, well, then I have to make the statements

945
00:58:04,520 --> 00:58:07,240
Speaker 2: that there are a lot of said women out there

946
00:58:09,320 --> 00:58:13,320
Speaker 2: if this is what they're willing to settle for beta

947
00:58:13,920 --> 00:58:17,400
Speaker 2: Justin Trudeau, I don't.

948
00:58:17,920 --> 00:58:21,800
Speaker 3: I it is very possible that I just don't see him,

949
00:58:23,000 --> 00:58:24,040
Speaker 3: very very possible.

950
00:58:24,400 --> 00:58:26,480
Speaker 2: It's also possible that I'm totally right and it's a

951
00:58:26,480 --> 00:58:31,120
Speaker 2: step down because it is how could anybody look at

952
00:58:31,280 --> 00:58:35,320
Speaker 2: Justin Trudeau and be like, that's that's a man.

953
00:58:36,520 --> 00:58:37,880
Speaker 3: Looking at Justin Trudeau and.

954
00:58:37,840 --> 00:58:40,440
Speaker 2: Be like, God's masculinity is like looking at Tim Walls

955
00:58:40,440 --> 00:58:41,760
Speaker 2: and saying that's masculinity.

956
00:58:42,880 --> 00:58:45,280
Speaker 3: Same energy, all.

957
00:58:45,240 --> 00:58:48,560
Speaker 2: Right, Maybe not as much with the jazz hands as

958
00:58:48,680 --> 00:58:53,360
Speaker 2: Justin Trudeau, but still say same basic, basic ballpark.

959
00:58:54,720 --> 00:58:56,760
Speaker 3: Not the story I was going to get into. The

960
00:58:56,800 --> 00:58:57,800
Speaker 3: story I was going to get.

961
00:58:57,640 --> 00:59:06,040
Speaker 2: Into was the very, very predictable move from the leftists.

962
00:59:06,560 --> 00:59:11,760
Speaker 2: So you have the story of this guy out of Nevada.

963
00:59:12,560 --> 00:59:13,720
Speaker 3: Drives to New York.

964
00:59:14,240 --> 00:59:18,640
Speaker 2: He's known to Nevada officials for having mental health issues.

965
00:59:19,600 --> 00:59:24,560
Speaker 2: He is able to get a firearm. He gets himself

966
00:59:25,000 --> 00:59:25,800
Speaker 2: to New York.

967
00:59:26,760 --> 00:59:33,000
Speaker 3: He is carrying an AR fifteen through the streets.

968
00:59:34,640 --> 00:59:39,000
Speaker 2: He gets himself to the thirty third floor of a

969
00:59:39,040 --> 00:59:43,480
Speaker 2: building that houses the NFL, doesn't get to the right

970
00:59:43,520 --> 00:59:46,280
Speaker 2: floor of the floor that he needs to be, starts shooting.

971
00:59:46,440 --> 00:59:50,240
Speaker 2: He had already killed a cop. He kills three others.

972
00:59:50,480 --> 00:59:52,760
Speaker 2: He then takes his own life and leaves a note

973
00:59:52,800 --> 00:59:58,920
Speaker 2: that says study my brain for CTE. Supposedly football players

974
00:59:58,920 --> 01:00:00,680
Speaker 2: and the hits to the ahead.

975
01:00:03,320 --> 01:00:03,720
Speaker 11: This is.

976
01:00:05,480 --> 01:00:08,640
Speaker 2: What's happening, and it's leading to depression and mood altering

977
01:00:09,120 --> 01:00:15,400
Speaker 2: and all these things. Stories that this guy actually chased

978
01:00:15,440 --> 01:00:21,560
Speaker 2: a maid, started firing at somebody who was cleaning the building.

979
01:00:23,360 --> 01:00:25,560
Speaker 3: And people can blame it on the CT if they choose.

980
01:00:25,560 --> 01:00:27,120
Speaker 3: Who knows what the story is.

981
01:00:27,640 --> 01:00:29,680
Speaker 2: But to take things out on people who have nothing

982
01:00:29,680 --> 01:00:31,960
Speaker 2: to do with something that's maybe happening to you. You

983
01:00:31,960 --> 01:00:34,280
Speaker 2: don't know why it's happening to you, and of course

984
01:00:34,360 --> 01:00:36,720
Speaker 2: you never played pro football. But then again, this is

985
01:00:36,760 --> 01:00:43,880
Speaker 2: mental illness we could be talking about. So this happens, what,

986
01:00:44,200 --> 01:00:47,320
Speaker 2: of course, is the most predictable thing to come from this,

987
01:00:48,240 --> 01:00:52,800
Speaker 2: Correct Governor of New York, Kathy Hulkel now wants to

988
01:00:52,840 --> 01:00:57,040
Speaker 2: move to remove guns. That's what this all means. This

989
01:00:57,120 --> 01:01:02,080
Speaker 2: all means we have to do away with the Kathy

990
01:01:02,160 --> 01:01:06,640
Speaker 2: Holk calling for a nationwide ban on assault weapons making

991
01:01:06,680 --> 01:01:09,760
Speaker 2: the argument that stricter federal gun laws are necessary to

992
01:01:09,760 --> 01:01:17,200
Speaker 2: prevent future tragedies. Allow me, you already had strict gun laws,

993
01:01:18,000 --> 01:01:21,880
Speaker 2: didn't do anything. Nevada has laws. They knew a guy

994
01:01:22,000 --> 01:01:26,320
Speaker 2: was mentally ill. You know what it meant nothing? I

995
01:01:26,400 --> 01:01:30,120
Speaker 2: would argue, and I will argue this anywhere. If more

996
01:01:30,160 --> 01:01:33,760
Speaker 2: people had guns on the thirty third floor, they could

997
01:01:33,800 --> 01:01:39,680
Speaker 2: have stopped the shooting. They could have stopped the shooting.

998
01:01:41,280 --> 01:01:43,240
Speaker 2: Could they have stopped the first shot, I doubt it,

999
01:01:43,280 --> 01:01:45,600
Speaker 2: the second shot, probably not, the third shot, maybe the

1000
01:01:45,640 --> 01:01:49,480
Speaker 2: fourth shot. I'm starting to say yes, could they have

1001
01:01:49,560 --> 01:01:52,160
Speaker 2: saved lives? This is, by the way, the exact argument

1002
01:01:52,240 --> 01:01:59,160
Speaker 2: I made regarding Arizona when a Giffords, Gabrielle Gifford's was shot,

1003
01:02:00,280 --> 01:02:02,560
Speaker 2: that she survived that still, I mean, we're going back

1004
01:02:02,840 --> 01:02:08,680
Speaker 2: fifteen years that she survived. That is unbelievable. By the way,

1005
01:02:09,120 --> 01:02:12,960
Speaker 2: what strength and also what medical prowess we have that

1006
01:02:13,040 --> 01:02:16,520
Speaker 2: her life was able to be saved. But people want

1007
01:02:16,600 --> 01:02:21,760
Speaker 2: to argue, well, if we didn't allow guns, that this

1008
01:02:21,800 --> 01:02:24,520
Speaker 2: wouldn't have happened. But the guns are already there, and

1009
01:02:24,600 --> 01:02:27,560
Speaker 2: the guns are in the hands of some really, really

1010
01:02:27,600 --> 01:02:34,600
Speaker 2: bad people. And there's a whole conversation about this gunman

1011
01:02:35,080 --> 01:02:41,600
Speaker 2: and whether or not he was getting help getting specific parts.

1012
01:02:43,080 --> 01:02:45,720
Speaker 2: Was he getting help getting parts to be able to

1013
01:02:45,840 --> 01:02:48,840
Speaker 2: utilize his weapons? And so there are other people being

1014
01:02:48,880 --> 01:02:51,080
Speaker 2: spoken to, and I'm gonna let more of that investigation

1015
01:02:52,040 --> 01:02:52,640
Speaker 2: take place.

1016
01:02:54,160 --> 01:02:55,920
Speaker 3: The problem with the argument if we should get rid

1017
01:02:55,920 --> 01:02:57,120
Speaker 3: of all the guns? Is that you won't.

1018
01:02:58,080 --> 01:03:02,120
Speaker 2: Their argument is we shouldn't allow the guns. The reality

1019
01:03:02,240 --> 01:03:05,040
Speaker 2: is the guns already exists. Now what, well we should

1020
01:03:05,040 --> 01:03:06,720
Speaker 2: go get them. You're gonna go house to house and

1021
01:03:06,720 --> 01:03:09,080
Speaker 2: get the guns. Best of luck with that. And do

1022
01:03:09,160 --> 01:03:12,840
Speaker 2: you think you're gonna get the guns from the bad guys?

1023
01:03:12,880 --> 01:03:15,040
Speaker 2: Do you think they're just gonna willingly give up their guns?

1024
01:03:15,240 --> 01:03:16,720
Speaker 2: You don't think they're gonna hide things?

1025
01:03:17,240 --> 01:03:17,400
Speaker 11: Are?

1026
01:03:18,320 --> 01:03:22,680
Speaker 2: How lost are we as a society that we think

1027
01:03:22,720 --> 01:03:25,120
Speaker 2: that that's going to happen? Do you know what kind

1028
01:03:25,200 --> 01:03:29,680
Speaker 2: of child you have to be in order to believe that?

1029
01:03:31,000 --> 01:03:34,120
Speaker 2: You have to be one heck of a child in

1030
01:03:34,280 --> 01:03:39,800
Speaker 2: order to believe that possible. No, here we are, and

1031
01:03:39,840 --> 01:03:42,320
Speaker 2: the vast majority of gun owners. When I say the

1032
01:03:42,360 --> 01:03:46,200
Speaker 2: vast majority, the very obvious vast majority, are doing no harm,

1033
01:03:46,680 --> 01:03:49,240
Speaker 2: Some people are doing harm. Why would we put everybody

1034
01:03:49,240 --> 01:03:52,880
Speaker 2: else in harm's way? What if everybody knew that everybody

1035
01:03:53,000 --> 01:03:57,240
Speaker 2: was ready to go at a moment's notice. You can

1036
01:03:57,280 --> 01:04:01,880
Speaker 2: tell me from now until the end of time that

1037
01:04:03,040 --> 01:04:08,000
Speaker 2: everybody in Gaza is prepared to die so they can

1038
01:04:08,040 --> 01:04:12,080
Speaker 2: get their virgins and have their reward in heaven. But

1039
01:04:12,160 --> 01:04:15,000
Speaker 2: they all hide in tunnels and they throw rocks from

1040
01:04:15,040 --> 01:04:17,600
Speaker 2: behind cars. If you remember the early days of the Intifada,

1041
01:04:19,200 --> 01:04:22,360
Speaker 2: Why does that happen? Why do they hide when they fire?

1042
01:04:23,120 --> 01:04:26,520
Speaker 2: Why do they put themselves under schools and hospitals. If,

1043
01:04:26,600 --> 01:04:30,480
Speaker 2: of course, meeting their end means such a great reward,

1044
01:04:31,040 --> 01:04:35,600
Speaker 2: maybe they're not interested in the reward. Maybe that isn't

1045
01:04:35,720 --> 01:04:38,880
Speaker 2: what it is that they're looking for. Maybe that's all

1046
01:04:39,000 --> 01:04:42,160
Speaker 2: just a ruse. Maybe it's a giant bunch of bullcraft.

1047
01:04:43,160 --> 01:04:46,360
Speaker 2: And maybe you would find with a lot of people,

1048
01:04:46,360 --> 01:04:49,600
Speaker 2: possibly not all people, that if they thought there was

1049
01:04:49,640 --> 01:04:52,280
Speaker 2: going to be some kind of violence waiting for them,

1050
01:04:52,560 --> 01:04:54,600
Speaker 2: they would think twice before committing.

1051
01:04:54,200 --> 01:04:55,120
Speaker 3: The act of violence.

1052
01:04:56,600 --> 01:04:59,160
Speaker 2: I argue this, of course, with your synagogue, with your church,

1053
01:04:59,440 --> 01:05:00,960
Speaker 2: you have to be be armed. When you're at your

1054
01:05:01,000 --> 01:05:03,120
Speaker 2: synagogua or your church, you have to be you're a

1055
01:05:03,160 --> 01:05:06,520
Speaker 2: soft target. But let everybody know that this place of

1056
01:05:06,560 --> 01:05:10,200
Speaker 2: worship is armed, and we're gonna finish our prayer service.

1057
01:05:10,600 --> 01:05:11,200
Speaker 3: You might not.

1058
01:05:12,160 --> 01:05:16,760
Speaker 2: Don't bother us. Don't bother us. You'll find that you

1059
01:05:16,800 --> 01:05:20,080
Speaker 2: won't be bothered. Now, a crazy person will do a

1060
01:05:20,080 --> 01:05:23,760
Speaker 2: crazy thing, which of course leads us to the reality

1061
01:05:23,760 --> 01:05:25,880
Speaker 2: that there are indeed crazy people, there are people who

1062
01:05:25,920 --> 01:05:29,840
Speaker 2: are not okay, even more of a reason for us

1063
01:05:29,880 --> 01:05:31,800
Speaker 2: to be able to protect and defend ourselves and the

1064
01:05:31,840 --> 01:05:35,240
Speaker 2: ones we love against those people, whether they're mentally ill,

1065
01:05:35,360 --> 01:05:37,400
Speaker 2: whether they're part of a cult, whether they are part

1066
01:05:37,440 --> 01:05:41,800
Speaker 2: of a radicalized ideology. Radical ideology, that's what decided to

1067
01:05:41,840 --> 01:05:44,400
Speaker 2: try and kill President Trump, that's what tried to kill

1068
01:05:44,760 --> 01:05:48,480
Speaker 2: Congressman Steve's Caalise, radicalized ideology.

1069
01:05:48,960 --> 01:05:50,840
Speaker 3: I think we should be able to protect ourselves from that.

1070
01:05:51,080 --> 01:05:54,760
Speaker 3: Kathy Hulkel utilizes this as an opportunity to say guns

1071
01:05:54,800 --> 01:05:55,320
Speaker 3: are bad.

1072
01:05:57,200 --> 01:06:00,000
Speaker 2: She doesn't have the argument, she doesn't have the intellect,

1073
01:06:00,040 --> 01:06:04,520
Speaker 2: actual argument, she doesn't have a rational argument, she has nothing.

1074
01:06:06,120 --> 01:06:10,640
Speaker 3: I'm sitting in midtown right now, she stated. My office

1075
01:06:10,680 --> 01:06:11,040
Speaker 3: is just a.

1076
01:06:10,960 --> 01:06:13,600
Speaker 2: Few blocks away and walking in this morning, and you

1077
01:06:13,640 --> 01:06:16,600
Speaker 2: see the security guards down there, and everyone is just wondering,

1078
01:06:16,640 --> 01:06:19,160
Speaker 2: you know, is this a one off? Could this happen again?

1079
01:06:19,280 --> 01:06:19,760
Speaker 2: She says?

1080
01:06:19,840 --> 01:06:21,439
Speaker 3: She continued, did the Governor of New York?

1081
01:06:21,840 --> 01:06:24,680
Speaker 2: That sense of security is shattered when someone comes from

1082
01:06:24,680 --> 01:06:28,080
Speaker 2: another state carrying an assault weapon designed only for battlefields,

1083
01:06:28,120 --> 01:06:30,600
Speaker 2: but using it, intending to use at the commit of mayhem.

1084
01:06:30,640 --> 01:06:33,000
Speaker 2: And mass murder in our cities. Ar fifteens are not

1085
01:06:33,080 --> 01:06:36,800
Speaker 2: used on the battlefield. That isn't what they are. But

1086
01:06:36,920 --> 01:06:39,640
Speaker 2: the whole argument is bunk. Oh, this is the fault

1087
01:06:39,680 --> 01:06:43,760
Speaker 2: of other states for allowing people to utilize their Second

1088
01:06:43,800 --> 01:06:46,440
Speaker 2: Amendment rights. This happens. You know, you guys know, I

1089
01:06:46,480 --> 01:06:49,520
Speaker 2: live in Indiana. Illinois likes to blame Indiana all the

1090
01:06:49,560 --> 01:06:52,360
Speaker 2: time for the gun issues in Chicago, as opposed to

1091
01:06:52,360 --> 01:06:57,680
Speaker 2: the fantastic world they've created in Chicago. Laurie Lightfoot, Brandon Johnson,

1092
01:06:57,840 --> 01:07:01,480
Speaker 2: the hatred of police, the apps, coddling of criminals.

1093
01:07:01,600 --> 01:07:03,160
Speaker 4: But somehow it's Indiana's fault.

1094
01:07:03,560 --> 01:07:04,080
Speaker 3: Boo boo.

1095
01:07:04,480 --> 01:07:07,960
Speaker 2: Indiana has its own issues. Indianapolis has been a real problem.

1096
01:07:08,080 --> 01:07:11,200
Speaker 2: It's because we have progressive democratic leadership and we don't

1097
01:07:11,240 --> 01:07:13,680
Speaker 2: have anybody willing to say to people stop shooting each

1098
01:07:13,720 --> 01:07:16,720
Speaker 2: other in the streets. It isn't the way you solve problems.

1099
01:07:16,720 --> 01:07:18,600
Speaker 2: It isn't the way you settle things. It isn't what

1100
01:07:18,680 --> 01:07:21,320
Speaker 2: men do. It isn't tough. And oh, by the way,

1101
01:07:21,520 --> 01:07:23,960
Speaker 2: we're gonna prosecute you in such a way that your

1102
01:07:24,120 --> 01:07:26,200
Speaker 2: grandma is gonna go to jail.

1103
01:07:26,720 --> 01:07:28,720
Speaker 3: Don't do it. Don't do it.

1104
01:07:29,240 --> 01:07:31,080
Speaker 2: But we have a prosecutor by the name of Ryan

1105
01:07:31,120 --> 01:07:34,160
Speaker 2: Meres who won't prosecute anything. And we have a mayor

1106
01:07:34,200 --> 01:07:36,360
Speaker 2: by the name of Joe hog Set who is not

1107
01:07:36,800 --> 01:07:41,520
Speaker 2: interested in anything except when he can smile and maybe

1108
01:07:41,560 --> 01:07:44,520
Speaker 2: get a free dinner. And this is also a guy

1109
01:07:44,760 --> 01:07:48,400
Speaker 2: who had serious sexual impropriety happening in his office. Hired

1110
01:07:48,440 --> 01:07:51,160
Speaker 2: a guy named Thomas carl Cook, his deputy chief of

1111
01:07:51,200 --> 01:07:53,840
Speaker 2: staff to run his campaign for a third term, who

1112
01:07:53,920 --> 01:07:56,840
Speaker 2: was involved in inappropriate relations with women in the office,

1113
01:07:56,920 --> 01:08:00,560
Speaker 2: and investigation wasn't really done, and then a second instigation

1114
01:08:00,840 --> 01:08:03,200
Speaker 2: kind of glossed over what happened to these women and

1115
01:08:03,200 --> 01:08:04,040
Speaker 2: what these women.

1116
01:08:03,800 --> 01:08:06,200
Speaker 3: Said, Ah, it has been scandalous.

1117
01:08:07,040 --> 01:08:09,880
Speaker 2: That's right in a Midwest city. But just like all

1118
01:08:09,920 --> 01:08:14,240
Speaker 2: these capital cities, blue cities. And what do the Democrats say, Oh,

1119
01:08:14,400 --> 01:08:17,479
Speaker 2: those Republicans, they never once to look at the issue.

1120
01:08:18,080 --> 01:08:22,120
Speaker 2: The issue here is about culture, about mental illness, and

1121
01:08:22,200 --> 01:08:24,519
Speaker 2: about whether or not we should be people who protect ourselves.

1122
01:08:24,520 --> 01:08:27,080
Speaker 2: And what does the left say, all those terrible guns.

1123
01:08:28,040 --> 01:08:30,439
Speaker 2: That's why they're on serious people. They don't deserve to

1124
01:08:30,439 --> 01:08:34,599
Speaker 2: win elections. They're not good enough because they won't address

1125
01:08:34,600 --> 01:08:37,760
Speaker 2: the issue the way it is. They address only their

1126
01:08:37,880 --> 01:08:42,200
Speaker 2: radical ideology, and their radical ideology leaves you at risk

1127
01:08:42,560 --> 01:08:45,400
Speaker 2: every time. Keep it here, it's Tony Katz today.

1128
01:08:45,400 --> 01:08:48,800
Speaker 12: And people that don't like the president and don't want

1129
01:08:48,800 --> 01:08:51,479
Speaker 12: things to work, and you know, like I'll consenter, and

1130
01:08:51,479 --> 01:08:53,640
Speaker 12: Elizabeth Warre will come on and say, inflation's out of

1131
01:08:53,680 --> 01:08:57,519
Speaker 12: control and the economy is getting killed by what's happening

1132
01:08:57,560 --> 01:09:00,800
Speaker 12: by these tariffs, this three percent with the market at

1133
01:09:00,840 --> 01:09:05,360
Speaker 12: new highs, and really we haven't seen inflation go up

1134
01:09:05,400 --> 01:09:07,559
Speaker 12: to practicee for maybe it will this week, maybe we'll

1135
01:09:07,560 --> 01:09:09,760
Speaker 12: see it. But none of these things, none of these

1136
01:09:09,800 --> 01:09:13,240
Speaker 12: horrible things have happened, but they still talk like it's happening.

1137
01:09:13,479 --> 01:09:14,160
Speaker 4: It's amazing.

1138
01:09:14,640 --> 01:09:17,559
Speaker 6: Well, the important there's an important lesson there. Don't pick

1139
01:09:17,600 --> 01:09:20,479
Speaker 6: a congressman to be your money manager. At That's what

1140
01:09:20,560 --> 01:09:23,400
Speaker 6: I would say. But in the end, Congress has their

1141
01:09:23,439 --> 01:09:27,720
Speaker 6: own reasons to point out certain things. And the Democrats,

1142
01:09:27,760 --> 01:09:29,880
Speaker 6: of course, as you pointed out, really don't want to

1143
01:09:29,920 --> 01:09:32,440
Speaker 6: see the current administration have some success.

1144
01:09:32,680 --> 01:09:35,320
Speaker 4: But there's no doubt that this is some success.

1145
01:09:35,479 --> 01:09:39,240
Speaker 6: We're seeing more horse power, we're seeing better equities. Inflation,

1146
01:09:39,560 --> 01:09:43,080
Speaker 6: Inflation really hasn't changed much in the last years.

1147
01:09:43,840 --> 01:09:47,840
Speaker 2: Now you can argue that but the inflation has ticked

1148
01:09:47,920 --> 01:09:50,479
Speaker 2: up a little, but not to where it was. That

1149
01:09:50,640 --> 01:09:52,840
Speaker 2: much is true and compared to where we thought it

1150
01:09:52,840 --> 01:09:58,080
Speaker 2: would go with tariffs, agreed CNBC, Rick Santelly, nowhere near

1151
01:09:58,200 --> 01:10:00,559
Speaker 2: Tony Katz, Tony Katz today, good.

1152
01:10:00,360 --> 01:10:04,479
Speaker 3: To be with you. But GDP at three percent, man,

1153
01:10:05,479 --> 01:10:08,360
Speaker 3: oh man, oh.

1154
01:10:08,080 --> 01:10:13,960
Speaker 2: Man, that's kind of incredible. Tariffs are here. Everything would

1155
01:10:14,000 --> 01:10:20,320
Speaker 2: include tariff costing three percent, way bigger than I ever imagined,

1156
01:10:21,080 --> 01:10:26,840
Speaker 2: way bigger. I would only disagree with CNBC in that

1157
01:10:27,720 --> 01:10:29,360
Speaker 2: I want this all to work.

1158
01:10:29,800 --> 01:10:31,439
Speaker 4: I want it all to work.

1159
01:10:32,400 --> 01:10:34,240
Speaker 2: But there are still numbers that I look at to

1160
01:10:34,320 --> 01:10:36,240
Speaker 2: bother the daylights out of me, that don't seem to

1161
01:10:36,320 --> 01:10:40,760
Speaker 2: jib that don't seem to make sense. They don't specifically,

1162
01:10:41,960 --> 01:10:44,280
Speaker 2: when we take a look at some of those inflation numbers,

1163
01:10:44,439 --> 01:10:48,360
Speaker 2: when we take a look at the numbers on auto

1164
01:10:48,439 --> 01:10:51,920
Speaker 2: loans and on credit card payments, and when you dig

1165
01:10:51,960 --> 01:10:55,160
Speaker 2: into the numbers here specifically on the concepts of manufacturing,

1166
01:10:56,000 --> 01:10:58,200
Speaker 2: what are we actually sending out, what are we exporting,

1167
01:10:58,240 --> 01:11:01,280
Speaker 2: are people buying what it is that we're selling, and

1168
01:11:01,360 --> 01:11:04,400
Speaker 2: if not to any of the deals that have come

1169
01:11:04,479 --> 01:11:08,360
Speaker 2: through with the UK. Not yeah, the UK and the

1170
01:11:08,400 --> 01:11:11,160
Speaker 2: European Union. I think we have a deal with Japan.

1171
01:11:11,200 --> 01:11:12,040
Speaker 3: Now does it matter?

1172
01:11:13,600 --> 01:11:18,120
Speaker 2: Does it matter if they're not buying? These are the questions.

1173
01:11:18,160 --> 01:11:24,120
Speaker 2: So the three percent number is nuts. I still have questions.

1174
01:11:24,880 --> 01:11:28,240
Speaker 2: Happy to be proven wrong, but there are still some

1175
01:11:28,280 --> 01:11:31,799
Speaker 2: indicators worthy of discussing. Doctor Mattwell, economists at the University

1176
01:11:31,800 --> 01:11:35,320
Speaker 2: of Indianapolis. If the avatar a conversation, stick around, because

1177
01:11:35,320 --> 01:11:37,360
Speaker 2: we are going to dig in.

1178
01:11:37,880 --> 01:11:38,280
Speaker 3: Keep it here.

1179
01:11:38,360 --> 01:11:54,240
Speaker 1: It's Tony Kats Today, Live from the Heartland and the

1180
01:11:54,360 --> 01:11:58,559
Speaker 1: Crossroads of America. It's Tony Katz today.

1181
01:12:00,000 --> 01:12:06,120
Speaker 2: The third suspect has been arrested in this attack in Cincinnati.

1182
01:12:06,200 --> 01:12:08,880
Speaker 2: Tony Katz, Tony Kats Today, Good to be with you.

1183
01:12:09,120 --> 01:12:11,720
Speaker 2: I'm gonna get in deep with doctor Matt Will, economists

1184
01:12:11,720 --> 01:12:15,160
Speaker 2: at the University of Indianapolis. We spoke before anything happened

1185
01:12:15,160 --> 01:12:17,519
Speaker 2: with the federal reserve rates, whether or not things were

1186
01:12:17,800 --> 01:12:22,040
Speaker 2: lowered by Jerome Powell. But after we see that GDP

1187
01:12:22,200 --> 01:12:25,599
Speaker 2: was at three percent, which is a it's an incredible number,

1188
01:12:26,120 --> 01:12:28,760
Speaker 2: and so we break it down, gets deep. You're not

1189
01:12:28,800 --> 01:12:31,200
Speaker 2: gonna want to miss any part of that. But you

1190
01:12:31,280 --> 01:12:35,439
Speaker 2: now have another arrest with this assault on two people,

1191
01:12:35,680 --> 01:12:38,879
Speaker 2: a white man and a white woman. Woman was knocked unconscious,

1192
01:12:38,960 --> 01:12:42,000
Speaker 2: the man was savagely beaten, kicked in the face repeatedly.

1193
01:12:42,840 --> 01:12:44,320
Speaker 3: The mob attacking him was black.

1194
01:12:44,400 --> 01:12:47,000
Speaker 2: Now, the people who don't want to make this Rachel,

1195
01:12:47,000 --> 01:12:48,720
Speaker 2: you're more than welcome to I never want to make

1196
01:12:48,720 --> 01:12:50,479
Speaker 2: it Rachel. But since if it was the other way,

1197
01:12:50,520 --> 01:12:53,000
Speaker 2: it's only Rachel. And everybody's working so hard not to

1198
01:12:53,000 --> 01:12:54,760
Speaker 2: make this Rachel, as if somehow.

1199
01:12:54,400 --> 01:12:56,400
Speaker 3: We can't see what's happening. I think that's weird.

1200
01:12:56,880 --> 01:12:59,240
Speaker 4: But there is context, a story.

1201
01:12:59,280 --> 01:13:01,600
Speaker 2: This was the point of the police chief, although she

1202
01:13:01,680 --> 01:13:05,240
Speaker 2: made it outrageously poorly, that there was I guess a

1203
01:13:05,360 --> 01:13:08,120
Speaker 2: verbal back and forth between this guy, maybe this woman,

1204
01:13:08,360 --> 01:13:11,400
Speaker 2: and some of these other guys who are black.

1205
01:13:12,880 --> 01:13:14,639
Speaker 3: The person who got beat was white.

1206
01:13:15,240 --> 01:13:19,080
Speaker 2: That led to getting physical and this white guy I

1207
01:13:19,080 --> 01:13:21,080
Speaker 2: think hit. I don't know if he slapped or punched

1208
01:13:21,479 --> 01:13:24,280
Speaker 2: one of the other guys. Right, this all happened. Now,

1209
01:13:24,320 --> 01:13:28,320
Speaker 2: what led up to that hit and that initial thing?

1210
01:13:28,400 --> 01:13:31,840
Speaker 2: That's a great question. Was somebody bothered at him? Nowhere

1211
01:13:31,880 --> 01:13:34,240
Speaker 2: would there was something brewing for a while as things

1212
01:13:34,240 --> 01:13:35,400
Speaker 2: were walking with.

1213
01:13:35,200 --> 01:13:37,160
Speaker 3: What caused all that to happen.

1214
01:13:37,640 --> 01:13:39,880
Speaker 2: I don't have any problem with that being investigated at all,

1215
01:13:40,479 --> 01:13:44,559
Speaker 2: and nothing is stopping the Cincinnati police from investigating it.

1216
01:13:44,960 --> 01:13:49,320
Speaker 2: Absolutely nothing. The story here is that people want to say, well,

1217
01:13:49,360 --> 01:13:52,559
Speaker 2: you see, he started it. He started to having nine

1218
01:13:52,600 --> 01:13:54,599
Speaker 2: guys punching at him and getting kicked in the face

1219
01:13:54,640 --> 01:13:58,360
Speaker 2: four time and four times in the woman being knocked unconscious.

1220
01:13:59,120 --> 01:14:02,960
Speaker 2: Now that's the That's not what happened. However it started.

1221
01:14:03,000 --> 01:14:07,280
Speaker 2: I don't know. What you see clearly is about an

1222
01:14:07,280 --> 01:14:11,160
Speaker 2: attack and clearly is a problem. And you're seeing Cincinnati

1223
01:14:11,200 --> 01:14:13,680
Speaker 2: businesses now speaking about this and rightfully so.

1224
01:14:14,160 --> 01:14:16,120
Speaker 3: You know how many businesses in cities.

1225
01:14:15,800 --> 01:14:18,240
Speaker 2: Are just absolute cowards and they won't speak oud about

1226
01:14:18,280 --> 01:14:20,320
Speaker 2: what's going on, and they won't address what's happening with

1227
01:14:20,320 --> 01:14:22,479
Speaker 2: their city council or their mayor or everything. Got so

1228
01:14:22,560 --> 01:14:25,640
Speaker 2: many cowards out there. Cincinnati businesses are like, no, no, no,

1229
01:14:25,640 --> 01:14:27,960
Speaker 2: we're not putting up with this. We have lives to

1230
01:14:28,040 --> 01:14:31,759
Speaker 2: lead and we don't want this. Good on them, very

1231
01:14:31,840 --> 01:14:35,360
Speaker 2: good on them. What's going on with the economy. Our

1232
01:14:35,439 --> 01:14:38,240
Speaker 2: rate's going to go down and if tariffs have really

1233
01:14:38,280 --> 01:14:42,200
Speaker 2: had no effect. Doctor Matt Will, Economist, University of Indianapolis,

1234
01:14:42,280 --> 01:14:42,760
Speaker 2: is up next.

1235
01:14:42,840 --> 01:14:47,120
Speaker 3: Keep it here. This is Tony kats today GDP three percent.

1236
01:14:48,080 --> 01:14:53,400
Speaker 2: Oh dang, that's a that's a nicely moving economy right there.

1237
01:14:53,560 --> 01:14:57,800
Speaker 2: That's things happening, that's money getting spent. That should mean

1238
01:14:57,920 --> 01:15:02,120
Speaker 2: creation three percent for an like ours with the level

1239
01:15:01,840 --> 01:15:04,880
Speaker 2: of output that we have. Three percent is a nice,

1240
01:15:05,160 --> 01:15:09,880
Speaker 2: nice number. But we got to three percent with tariffs

1241
01:15:10,160 --> 01:15:14,200
Speaker 2: when the expectation from the economists was two point three percent.

1242
01:15:15,760 --> 01:15:19,280
Speaker 2: We're beating the expectations. Yet I could show you other

1243
01:15:19,360 --> 01:15:21,760
Speaker 2: spots of this economy that don't seem to drive up

1244
01:15:21,800 --> 01:15:24,840
Speaker 2: to that. When I tell you that I spend the

1245
01:15:24,920 --> 01:15:28,200
Speaker 2: time trying to understand, I spend the time digging in

1246
01:15:28,920 --> 01:15:30,000
Speaker 2: nothing makes sense.

1247
01:15:30,760 --> 01:15:31,719
Speaker 3: Trump is a genius.

1248
01:15:31,800 --> 01:15:34,800
Speaker 2: Well that could very well be it, or maybe some

1249
01:15:34,880 --> 01:15:37,720
Speaker 2: things haven't yet happened. That will then give us a

1250
01:15:37,720 --> 01:15:40,960
Speaker 2: more honest estimate of what's happening. But how do you

1251
01:15:41,080 --> 01:15:43,840
Speaker 2: argue with a three percent GDP? I mean, how do

1252
01:15:43,920 --> 01:15:47,040
Speaker 2: you do this? Tony Katz, Tony Katz today, Good to

1253
01:15:47,080 --> 01:15:49,640
Speaker 2: be with you. Doctor Matt Will joins me, economist at

1254
01:15:49,680 --> 01:15:52,320
Speaker 2: the University of Indianapolis. I know we just spoke the

1255
01:15:52,720 --> 01:15:56,240
Speaker 2: other day about some of the things that are going on,

1256
01:15:56,280 --> 01:16:02,960
Speaker 2: specifically the trade deal with the European Union, which has in.

1257
01:16:02,880 --> 01:16:05,160
Speaker 3: It some things that make you say fantastic.

1258
01:16:05,240 --> 01:16:07,240
Speaker 2: But if we're talking about the buying of energy from

1259
01:16:07,280 --> 01:16:09,519
Speaker 2: the United States, where else they can buy energy from

1260
01:16:09,600 --> 01:16:13,000
Speaker 2: when they clearly can't buy energy from the Russians. Even

1261
01:16:13,080 --> 01:16:15,200
Speaker 2: India is now getting a hit from the United States.

1262
01:16:15,240 --> 01:16:17,960
Speaker 2: I'm buying oil from the Russians. We'll get into it.

1263
01:16:18,479 --> 01:16:21,960
Speaker 2: But GDP at three percent, the estimate from the the

1264
01:16:22,000 --> 01:16:23,920
Speaker 2: Economist was two point three percent.

1265
01:16:24,600 --> 01:16:26,599
Speaker 3: Break down the numbers. What is it that you see?

1266
01:16:27,479 --> 01:16:29,840
Speaker 4: Well, let me serve first of all, start by saying

1267
01:16:30,040 --> 01:16:33,840
Speaker 4: not all GDPs are created equal sot.

1268
01:16:33,080 --> 01:16:34,880
Speaker 3: A GDP of animal farm.

1269
01:16:36,240 --> 01:16:39,200
Speaker 4: I'll talk a GDP of Trump versus GDP of Biden,

1270
01:16:40,320 --> 01:16:42,760
Speaker 4: and let me explain what I mean by that. You know, yes,

1271
01:16:42,800 --> 01:16:45,639
Speaker 4: it's a three percent increase, which is better than expected.

1272
01:16:45,680 --> 01:16:48,560
Speaker 4: So that's good news. But someone in the Biden administration

1273
01:16:48,600 --> 01:16:51,599
Speaker 4: will say, well, we had two quarters of positive three percent,

1274
01:16:51,760 --> 01:16:54,760
Speaker 4: which is true, but their three percent was driven by

1275
01:16:54,760 --> 01:16:58,479
Speaker 4: government spending. That is not the same as GDP driven

1276
01:16:58,520 --> 01:17:04,240
Speaker 4: by consumer spending and private companies and shrinking government. We

1277
01:17:04,320 --> 01:17:08,360
Speaker 4: got a three percent GDP growth and the government shrink.

1278
01:17:09,760 --> 01:17:13,600
Speaker 4: Biden's GDP was driven entirely by government. Talk to me

1279
01:17:13,640 --> 01:17:14,560
Speaker 4: about the shrink.

1280
01:17:14,880 --> 01:17:16,880
Speaker 2: Let's get into I mean, I can't believe I'm going

1281
01:17:16,960 --> 01:17:18,040
Speaker 2: to talk to you about shrinkage.

1282
01:17:18,040 --> 01:17:20,439
Speaker 3: We're going full George here, But.

1283
01:17:20,400 --> 01:17:22,559
Speaker 2: Talk to me about the shrink right, So this is

1284
01:17:22,640 --> 01:17:25,280
Speaker 2: really about Oh my gosh, doge worked. I mean, that

1285
01:17:25,360 --> 01:17:27,800
Speaker 2: is I think one way to look at this. But

1286
01:17:27,960 --> 01:17:31,080
Speaker 2: give me some specifics. Dig in if you can. What

1287
01:17:31,320 --> 01:17:36,320
Speaker 2: is it that shrink that is truly attributable to the

1288
01:17:36,360 --> 01:17:37,240
Speaker 2: Trump White House?

1289
01:17:37,600 --> 01:17:40,280
Speaker 4: Okay, The GDP is a formula. We all learned it

1290
01:17:40,280 --> 01:17:43,799
Speaker 4: back in high school. You know, consumer spending plus government

1291
01:17:43,800 --> 01:17:47,840
Speaker 4: spending plus investment plus net imports exports. So government is

1292
01:17:47,840 --> 01:17:51,800
Speaker 4: a major part of the GDP formula. Under the Biden administration,

1293
01:17:52,120 --> 01:17:55,920
Speaker 4: there was massive amounts of government spending. So we all

1294
01:17:55,920 --> 01:17:58,800
Speaker 4: know about the deficits that were created under Biden that

1295
01:17:58,920 --> 01:18:02,559
Speaker 4: resulted in the inflation we're still dealing with. So they

1296
01:18:02,800 --> 01:18:05,759
Speaker 4: increased the GDP and they bragged about it, but Wall Street,

1297
01:18:06,080 --> 01:18:09,439
Speaker 4: Main Street hated it because it wasn't driven by a

1298
01:18:09,479 --> 01:18:12,960
Speaker 4: growing private economy. We've spoken before on the show about

1299
01:18:13,000 --> 01:18:16,400
Speaker 4: the shrinking manufacturing base in the United States. That it

1300
01:18:16,439 --> 01:18:20,720
Speaker 4: was happening for three years under Biden. That's not what's

1301
01:18:20,760 --> 01:18:24,679
Speaker 4: happening now under Trump. The government has shrunk. The portion

1302
01:18:24,800 --> 01:18:28,800
Speaker 4: of the GDP attributable to government is actually negative. So

1303
01:18:28,840 --> 01:18:31,400
Speaker 4: how do you get three percent if the g part

1304
01:18:31,479 --> 01:18:35,679
Speaker 4: is negative because the consumer spart, because the investment part,

1305
01:18:35,920 --> 01:18:39,040
Speaker 4: because of the net import exports. All the parts that

1306
01:18:39,080 --> 01:18:42,160
Speaker 4: you want to grow are growing and the part you

1307
01:18:42,240 --> 01:18:44,320
Speaker 4: want to shrink is shrinking. So this is a good

1308
01:18:44,439 --> 01:18:47,240
Speaker 4: three percent, where under Biden it was a bad three percent.

1309
01:18:47,680 --> 01:18:51,360
Speaker 2: Talking to doctor Matt Will, economist at the University of Indianapolis,

1310
01:18:51,880 --> 01:18:55,280
Speaker 2: Now let's talk about manufacturing. As we have noted on

1311
01:18:55,320 --> 01:18:59,879
Speaker 2: this show, manufacturing has been down for the past four months.

1312
01:19:00,280 --> 01:19:03,040
Speaker 2: It has been one of your alarms. It has been

1313
01:19:03,080 --> 01:19:05,720
Speaker 2: something that you have been focused on, concentrating on, and

1314
01:19:05,840 --> 01:19:09,400
Speaker 2: concerned with. Did this GDP report just make all that disappear?

1315
01:19:10,240 --> 01:19:11,240
Speaker 3: No, not at all.

1316
01:19:11,320 --> 01:19:14,720
Speaker 4: That concern is very real, and I think that the

1317
01:19:14,760 --> 01:19:17,000
Speaker 4: biggest information for the week is not going to be

1318
01:19:17,040 --> 01:19:21,439
Speaker 4: this report, although this was a huge surprise. Friday Friday,

1319
01:19:21,479 --> 01:19:25,120
Speaker 4: when the ISM, the Institute for Supply Management, comes out

1320
01:19:25,120 --> 01:19:28,000
Speaker 4: with their Purchasing Manager's Index. That's the thing that says,

1321
01:19:28,560 --> 01:19:33,680
Speaker 4: is manufacturing shrinking or growing? It shrunk last month for

1322
01:19:33,760 --> 01:19:36,439
Speaker 4: the last two months. What will that look like?

1323
01:19:36,479 --> 01:19:36,639
Speaker 3: Now?

1324
01:19:36,800 --> 01:19:38,720
Speaker 4: I guess probably this next one may not be the

1325
01:19:38,760 --> 01:19:41,960
Speaker 4: best one to look at because we still have the

1326
01:19:42,000 --> 01:19:45,080
Speaker 4: tariff impact. But I'm telling you I predict, and I

1327
01:19:45,080 --> 01:19:48,280
Speaker 4: don't make many predictions, that when the tariff doest settles,

1328
01:19:48,320 --> 01:19:52,040
Speaker 4: and it is settling, I believe that the manufacturing will

1329
01:19:52,080 --> 01:19:55,639
Speaker 4: grow because what we saw also in this GDP report,

1330
01:19:55,680 --> 01:19:59,320
Speaker 4: here's at a little nerdy tidbit. The United States consumer

1331
01:19:59,439 --> 01:20:05,280
Speaker 4: significant only increase their purchase of domestic goods versus imported goods. Now,

1332
01:20:05,400 --> 01:20:07,519
Speaker 4: I'm not saying that's good or bad. I like buying

1333
01:20:07,560 --> 01:20:10,200
Speaker 4: imported goods. I want to buy the highest quality, cheapest

1334
01:20:10,200 --> 01:20:13,360
Speaker 4: good I can get. That's me and I strongly believe that.

1335
01:20:13,720 --> 01:20:18,080
Speaker 4: But the data says that US citizens bought more domestic

1336
01:20:18,120 --> 01:20:18,919
Speaker 4: made products.

1337
01:20:18,920 --> 01:20:21,320
Speaker 3: So that to hold you right there, write down a

1338
01:20:21,360 --> 01:20:22,719
Speaker 3: note so you don't lose your spot.

1339
01:20:23,439 --> 01:20:28,120
Speaker 2: You're saying that the American consumer recognize the price shifts

1340
01:20:28,160 --> 01:20:31,920
Speaker 2: because of tariffs and made spending habit shifts. That that

1341
01:20:32,320 --> 01:20:35,439
Speaker 2: wasn't a debate that actually happened.

1342
01:20:35,920 --> 01:20:38,719
Speaker 4: Yes, that's what we see in this report. We see

1343
01:20:38,800 --> 01:20:44,880
Speaker 4: more consumer spending from domestic sources versus imported sources. That

1344
01:20:45,040 --> 01:20:48,479
Speaker 4: is in this report, and that was a goal of Trump.

1345
01:20:48,520 --> 01:20:51,519
Speaker 4: Trump wanted us to buy domestic. Now I've said it,

1346
01:20:51,560 --> 01:20:54,280
Speaker 4: and I'll continue to say. We can't buy everything domestic.

1347
01:20:54,320 --> 01:20:56,920
Speaker 4: About eighty to ninety percent of everything in the world

1348
01:20:57,000 --> 01:21:00,000
Speaker 4: is on a container ship. So we would go back

1349
01:21:00,080 --> 01:21:02,519
Speaker 4: to the Stone Age if we didn't buy imports. But

1350
01:21:02,640 --> 01:21:07,200
Speaker 4: the shift, the shift grew the domestic economy GDP grew

1351
01:21:07,280 --> 01:21:10,040
Speaker 4: because we're buying more domestic. By the way, is that

1352
01:21:10,120 --> 01:21:14,639
Speaker 4: a surprise Imports cost war. If imports cost war, you're

1353
01:21:14,640 --> 01:21:17,240
Speaker 4: gonna buy less of them. That's exactly what happened here.

1354
01:21:17,320 --> 01:21:20,040
Speaker 2: What this does tie into it, I don't mean to

1355
01:21:20,200 --> 01:21:22,040
Speaker 2: kind of meander to get back to me in subjects

1356
01:21:22,080 --> 01:21:25,640
Speaker 2: talking to doctor Matt Will, economists at the University of Indianapolis.

1357
01:21:26,960 --> 01:21:32,120
Speaker 2: This gets into the idea that tariff costs are being

1358
01:21:32,160 --> 01:21:36,320
Speaker 2: absorbed and not being passed along to the consumer. Right,

1359
01:21:36,360 --> 01:21:38,519
Speaker 2: We've been hearing you at this with Toyota and with others.

1360
01:21:38,520 --> 01:21:42,759
Speaker 2: They're absorbing the tariff costs. This report says the tariff

1361
01:21:42,800 --> 01:21:46,720
Speaker 2: cost has not necessarily been absorbed by the company by

1362
01:21:46,760 --> 01:21:50,240
Speaker 2: the manufacturer. It is being passed along when people are

1363
01:21:50,280 --> 01:21:53,320
Speaker 2: seeing it and they're making a shift in their choices,

1364
01:21:53,720 --> 01:21:55,280
Speaker 2: which would make one think.

1365
01:21:55,080 --> 01:21:57,800
Speaker 4: That, you know, to how you brought this subject up.

1366
01:21:58,400 --> 01:22:03,080
Speaker 2: The tariff dust settling means people have made their decisions

1367
01:22:03,880 --> 01:22:06,600
Speaker 2: and everybody can go now from this new level of

1368
01:22:06,680 --> 01:22:09,280
Speaker 2: certitude that seems to be where this data tells us

1369
01:22:09,439 --> 01:22:10,120
Speaker 2: things are going.

1370
01:22:10,960 --> 01:22:13,799
Speaker 4: No, no, let me say, it's not all or nothing.

1371
01:22:14,600 --> 01:22:19,200
Speaker 4: There's a mixture. So they have absorbed most of the costs.

1372
01:22:19,240 --> 01:22:21,080
Speaker 4: I mean we saw it in Toyota, We saw it

1373
01:22:21,080 --> 01:22:25,160
Speaker 4: in Nissan's announcement today, a significant drop. We saw you know,

1374
01:22:25,280 --> 01:22:29,360
Speaker 4: General Motors announce that significant drop. So no, we've seen

1375
01:22:29,400 --> 01:22:35,120
Speaker 4: a huge absorbing. I mean Whirlpool. Whirlpool a massive loss

1376
01:22:35,120 --> 01:22:38,559
Speaker 4: reported yesterday. I mean, it's it's unfathomable. They cut their dividend.

1377
01:22:39,040 --> 01:22:42,799
Speaker 4: Never happens. So it is true that companies have absorbed

1378
01:22:42,800 --> 01:22:45,320
Speaker 4: the losses, but some of them have been passed along,

1379
01:22:45,760 --> 01:22:47,360
Speaker 4: some of the terrafts have been passed along. I mean,

1380
01:22:47,439 --> 01:22:50,040
Speaker 4: just look at the Amazon report that came out a

1381
01:22:50,120 --> 01:22:52,400
Speaker 4: couple of weeks ago from the Wall Street Journal. I

1382
01:22:52,400 --> 01:22:55,240
Speaker 4: mean they had prices increasing across the board, one hundred

1383
01:22:55,240 --> 01:22:57,960
Speaker 4: and thirty six percent and fifteen percent, thirty four percent.

1384
01:22:58,000 --> 01:23:01,080
Speaker 4: I'm looking at the list right now. So no, there

1385
01:23:01,120 --> 01:23:04,560
Speaker 4: have been some cost that we have absorbed as consumers.

1386
01:23:05,280 --> 01:23:09,000
Speaker 4: Most of them have been absorbed by businesses. So when you,

1387
01:23:09,400 --> 01:23:13,240
Speaker 4: when you as a consumer, have an increase in your costs,

1388
01:23:13,400 --> 01:23:16,559
Speaker 4: you will switch your behavior. And they did. They switched

1389
01:23:16,600 --> 01:23:20,519
Speaker 4: their behavior to find more domestic products. And Procter and

1390
01:23:20,600 --> 01:23:23,160
Speaker 4: Gamble has even said that, but they also issued a

1391
01:23:23,200 --> 01:23:26,920
Speaker 4: warning just this week on what looks not too good

1392
01:23:26,920 --> 01:23:28,840
Speaker 4: for the future of consumer spending.

1393
01:23:28,880 --> 01:23:32,240
Speaker 2: Talking to doctor Matt Will, economists at the University of Indianapolis.

1394
01:23:32,240 --> 01:23:34,559
Speaker 2: And this is where it gets all like you're saying

1395
01:23:34,600 --> 01:23:37,519
Speaker 2: two things at once. You're saying it's good, but it's not.

1396
01:23:37,680 --> 01:23:39,400
Speaker 3: It's bad, but it's not.

1397
01:23:40,160 --> 01:23:42,120
Speaker 2: Stick with the first part here before we get into

1398
01:23:42,160 --> 01:23:43,400
Speaker 2: the Procter and Gamble warning.

1399
01:23:44,360 --> 01:23:46,799
Speaker 3: You have people who have made these shifts.

1400
01:23:47,360 --> 01:23:52,280
Speaker 2: You have these companies that understand that the tariffs are here,

1401
01:23:52,800 --> 01:23:56,520
Speaker 2: and they understand that it's going to create new prices consumers,

1402
01:23:56,720 --> 01:23:59,920
Speaker 2: as we said, making their decisions based on it.

1403
01:24:00,640 --> 01:24:02,240
Speaker 3: But you you also.

1404
01:24:03,520 --> 01:24:09,000
Speaker 2: Say that we're the manufacturing numbers which have been down,

1405
01:24:09,520 --> 01:24:13,960
Speaker 2: aren't necessarily a serious problem. If I understood you, right,

1406
01:24:14,040 --> 01:24:16,760
Speaker 2: that's what you were you were discussing there on the

1407
01:24:16,800 --> 01:24:20,280
Speaker 2: manufacturing numbers, because when we take a look at inventories

1408
01:24:20,320 --> 01:24:23,920
Speaker 2: and investment, in quarter one, inventories were up.

1409
01:24:23,920 --> 01:24:25,680
Speaker 3: In quarter two, inventories.

1410
01:24:25,120 --> 01:24:28,720
Speaker 2: Were down, and as you note, not only inventories, but

1411
01:24:28,840 --> 01:24:29,800
Speaker 2: investment is.

1412
01:24:29,840 --> 01:24:31,639
Speaker 3: Down in the US.

1413
01:24:31,920 --> 01:24:34,839
Speaker 2: That would tell me that tariffs are having a negative

1414
01:24:34,840 --> 01:24:36,960
Speaker 2: effect on American business.

1415
01:24:37,920 --> 01:24:41,120
Speaker 4: Yes, that is correct, and that's what I observed. But

1416
01:24:41,160 --> 01:24:44,000
Speaker 4: then when I looked at the numbers, this shocked me.

1417
01:24:44,160 --> 01:24:47,440
Speaker 4: This was very fascinating to me. The decrease in investment

1418
01:24:47,840 --> 01:24:53,320
Speaker 4: was one hundred percent, a decrease in inventory investment. Because

1419
01:24:53,560 --> 01:24:56,600
Speaker 4: you can invest in inventory or you can invest in

1420
01:24:56,600 --> 01:24:59,720
Speaker 4: building a machine, they're in the same number. So the

1421
01:25:00,000 --> 01:25:03,160
Speaker 4: decrease that we saw in investments was one hundred and

1422
01:25:03,160 --> 01:25:06,800
Speaker 4: eighty nine billion. The decrease in inventories was one hundred

1423
01:25:06,800 --> 01:25:10,479
Speaker 4: and ninety billion, So one hundred percent of the drop

1424
01:25:10,520 --> 01:25:13,719
Speaker 4: in investments was due to inventory, which we talked about

1425
01:25:13,720 --> 01:25:17,920
Speaker 4: on your show. It was front running companies bought inventory

1426
01:25:17,960 --> 01:25:21,600
Speaker 4: in anticipation of the tariffs in Q one, So investments

1427
01:25:21,640 --> 01:25:23,799
Speaker 4: were through the roof one hundred and fifty five billion

1428
01:25:23,960 --> 01:25:28,439
Speaker 4: up this quarter, they're down one hundred and eighty nine billion.

1429
01:25:28,840 --> 01:25:31,760
Speaker 4: Why because they've already bought their inventory from overseas in

1430
01:25:31,800 --> 01:25:32,439
Speaker 4: the first quarter.

1431
01:25:32,520 --> 01:25:34,439
Speaker 2: So how does that play in the crystal ball world?

1432
01:25:34,479 --> 01:25:37,440
Speaker 2: What does that mean for quarter three? That means fantastic,

1433
01:25:38,000 --> 01:25:40,920
Speaker 2: This means really good. Think of the remember the bounce

1434
01:25:41,000 --> 01:25:43,439
Speaker 2: back during COVID. You know, we forced everyone into a

1435
01:25:43,520 --> 01:25:45,720
Speaker 2: recession and to stay home, and then we let them

1436
01:25:45,760 --> 01:25:46,960
Speaker 2: loose and things came back.

1437
01:25:47,400 --> 01:25:50,800
Speaker 4: Same thing. We front loaded our purchasing of inventory in

1438
01:25:50,880 --> 01:25:54,000
Speaker 4: Q one. In Q two we didn't buy any inventory.

1439
01:25:54,720 --> 01:25:58,080
Speaker 4: So Q three should be back to normal. And here's

1440
01:25:58,120 --> 01:26:00,200
Speaker 4: what's good about the normal. When I look at to

1441
01:26:00,240 --> 01:26:06,360
Speaker 4: the data, other than this anomaly of inventory switching, it's good.

1442
01:26:06,520 --> 01:26:10,839
Speaker 4: Investments were up. Investments are positive, and it's not government investing,

1443
01:26:10,920 --> 01:26:15,200
Speaker 4: it's private investing. I really see positive news in the

1444
01:26:15,240 --> 01:26:17,439
Speaker 4: third quarter. Now, I gotta tell you, I saw Kevin

1445
01:26:17,439 --> 01:26:21,439
Speaker 4: Hassett in an interview just a few moments ago. He

1446
01:26:21,520 --> 01:26:25,799
Speaker 4: actually made a prediction which I'm shocked. He said, GDP

1447
01:26:26,000 --> 01:26:29,280
Speaker 4: at least four percent growth next quarter. That's a pretty

1448
01:26:29,320 --> 01:26:31,920
Speaker 4: bold statement, but of course I think we're used to

1449
01:26:31,960 --> 01:26:33,440
Speaker 4: bold statements. From this administration.

1450
01:26:33,960 --> 01:26:37,640
Speaker 2: Talking to doctor Matt Well, economists at the University of Indianapolis.

1451
01:26:37,840 --> 01:26:41,240
Speaker 2: Kevin Howsett leads the White House Council of Economic Advisors,

1452
01:26:41,640 --> 01:26:45,960
Speaker 2: and four percent GDP in a nation like ours is

1453
01:26:46,000 --> 01:26:49,519
Speaker 2: beyond growth. Four percent might be too dang big. And

1454
01:26:49,560 --> 01:26:51,519
Speaker 2: if you get to which don't get me wrong, I'm

1455
01:26:51,520 --> 01:26:53,559
Speaker 2: not opposed to the growth. I'm just playing in economic

1456
01:26:53,640 --> 01:26:56,000
Speaker 2: reality here. This all is going to play into a

1457
01:26:56,080 --> 01:26:59,439
Speaker 2: Derme Powell conversation, which as we're talking, he hasn't made

1458
01:26:59,479 --> 01:27:02,439
Speaker 2: the decision yet on rates. I'm betting on he's holding firm.

1459
01:27:02,479 --> 01:27:05,000
Speaker 2: I'm betting on no cuts whatsoever. I'll listen to what

1460
01:27:05,040 --> 01:27:07,639
Speaker 2: your bet is. But if you get four percent, there's

1461
01:27:07,680 --> 01:27:09,280
Speaker 2: going to be a worry that the economy is going

1462
01:27:09,280 --> 01:27:12,280
Speaker 2: too fast. Inflation might return, and this is going to

1463
01:27:12,400 --> 01:27:16,280
Speaker 2: keep the rates higher, which Trump doesn't want. What is

1464
01:27:16,320 --> 01:27:19,080
Speaker 2: your take on a four percent GDP and where inflation is.

1465
01:27:19,680 --> 01:27:22,280
Speaker 4: If we have a four percent GDP growth that's not

1466
01:27:22,520 --> 01:27:27,120
Speaker 4: government based, it's private company based, then we need more

1467
01:27:27,160 --> 01:27:29,880
Speaker 4: cash in the economy. We need more cash because we

1468
01:27:29,920 --> 01:27:32,920
Speaker 4: have more stuff. So that means he needs to cut rates.

1469
01:27:33,600 --> 01:27:36,000
Speaker 4: He has to cut rates. I know you know, I've

1470
01:27:36,000 --> 01:27:39,679
Speaker 4: been an anti rate cutting guy, but now the data says,

1471
01:27:39,760 --> 01:27:42,000
Speaker 4: and I said, this is a last few times we spoke,

1472
01:27:42,800 --> 01:27:44,360
Speaker 4: data is indicating rate cuts.

1473
01:27:44,400 --> 01:27:47,439
Speaker 2: So I'm on the opposite side. Well, I'm not on

1474
01:27:47,479 --> 01:27:49,760
Speaker 2: the opposite side of it, but I see it incorrectly.

1475
01:27:49,840 --> 01:27:52,840
Speaker 2: Is what you're saying that if indeed we get to

1476
01:27:52,920 --> 01:27:55,519
Speaker 2: a level of four percent, if indeed we have the

1477
01:27:55,560 --> 01:27:58,439
Speaker 2: speed in this economy, we have to cut rates to

1478
01:27:58,520 --> 01:28:01,360
Speaker 2: ensure more cash can get into this so the products

1479
01:28:01,360 --> 01:28:04,360
Speaker 2: can be purchased or the investments can be utilized, because

1480
01:28:04,400 --> 01:28:06,880
Speaker 2: if not not cutting the rates is going to keep

1481
01:28:06,920 --> 01:28:07,679
Speaker 2: inflation high.

1482
01:28:08,280 --> 01:28:12,599
Speaker 4: Yes, no, well actually you know what. Okay, ready, are

1483
01:28:12,600 --> 01:28:15,080
Speaker 4: you sitting down? I'm always am I sitting down. I

1484
01:28:15,080 --> 01:28:17,120
Speaker 4: have a very comfy chair. Look at this setup. This

1485
01:28:17,240 --> 01:28:20,440
Speaker 4: is gold deflation.

1486
01:28:21,560 --> 01:28:25,519
Speaker 2: Well, now you have if you have so much growth

1487
01:28:25,520 --> 01:28:29,160
Speaker 2: in the economy, not government growth, because government growth is

1488
01:28:29,160 --> 01:28:33,120
Speaker 2: different than private industry growth. Government growth is another juice

1489
01:28:33,120 --> 01:28:36,320
Speaker 2: to the economy. It just causes the inflation. Private industry

1490
01:28:36,360 --> 01:28:40,080
Speaker 2: growth is legitimate stuff, and if you have more stuff,

1491
01:28:40,160 --> 01:28:44,719
Speaker 2: you need more cash. And so this report says stuff

1492
01:28:44,800 --> 01:28:48,360
Speaker 2: is growing, so we now need more cash. And I

1493
01:28:48,400 --> 01:28:50,360
Speaker 2: think that they need to cut their rates. And I

1494
01:28:50,400 --> 01:28:52,000
Speaker 2: said this before, I'm going to say it again. They

1495
01:28:52,200 --> 01:28:54,280
Speaker 2: need to cut their balance sheet at the same time.

1496
01:28:54,800 --> 01:28:57,479
Speaker 2: They've got to cut their balance sheet while they're cutting rates.

1497
01:28:57,800 --> 01:29:01,799
Speaker 2: And the perfect indication is that yield curve, the yield

1498
01:29:01,800 --> 01:29:04,679
Speaker 2: curve is telling us to do this. The yield curve,

1499
01:29:04,760 --> 01:29:07,519
Speaker 2: long term rates have been slightly increasing and short term

1500
01:29:07,560 --> 01:29:11,880
Speaker 2: rates are still high. That's an artificial increase. Jerome Powell

1501
01:29:11,880 --> 01:29:14,880
Speaker 2: is artificially keeping short term rates low when all the

1502
01:29:14,960 --> 01:29:19,320
Speaker 2: data now says cut. And I think, this is my opinion,

1503
01:29:19,360 --> 01:29:22,200
Speaker 2: I think it's personal. I think he's no longer looking

1504
01:29:22,240 --> 01:29:23,880
Speaker 2: at the data. I gave him a lot of credit

1505
01:29:23,960 --> 01:29:26,280
Speaker 2: in the last two years, but now I think it's

1506
01:29:26,320 --> 01:29:28,960
Speaker 2: become personal. And I think we're going to see Fed

1507
01:29:29,360 --> 01:29:34,000
Speaker 2: governors diverge and defect and not agree with his decisions.

1508
01:29:34,000 --> 01:29:37,200
Speaker 2: This is already happen. Oh my god, this is already happening.

1509
01:29:37,520 --> 01:29:41,080
Speaker 2: You already have the rumormill going that federal Reserve governors

1510
01:29:41,120 --> 01:29:43,120
Speaker 2: are going to come out and say this isn't right,

1511
01:29:43,200 --> 01:29:44,560
Speaker 2: this is wrong, and this is going to be the

1512
01:29:44,600 --> 01:29:48,759
Speaker 2: pressure point that might very well lead Jerome Powell to resigning.

1513
01:29:48,840 --> 01:29:51,320
Speaker 4: I think you're one thousand percent right on that part

1514
01:29:51,360 --> 01:29:51,559
Speaker 4: of it.

1515
01:29:51,800 --> 01:29:54,759
Speaker 2: But just to get back to this really quick, because

1516
01:29:55,320 --> 01:29:59,360
Speaker 2: maybe it's important that everybody understands how the economics plays.

1517
01:30:00,040 --> 01:30:03,000
Speaker 2: You're saying that without a rate cut in an advancing,

1518
01:30:03,160 --> 01:30:07,120
Speaker 2: growing economy, I should say we would see deflation. Now,

1519
01:30:07,160 --> 01:30:09,240
Speaker 2: deflation is going to be the lowering of the prices,

1520
01:30:09,280 --> 01:30:11,680
Speaker 2: the increasing a purchase power, So I don't know if

1521
01:30:11,680 --> 01:30:15,320
Speaker 2: everybody is going to be upset by deflation. Is the

1522
01:30:15,520 --> 01:30:19,240
Speaker 2: argument that this should be measured and not allowed to

1523
01:30:19,280 --> 01:30:24,360
Speaker 2: be a part of a wild gesticulation of market forces,

1524
01:30:24,560 --> 01:30:28,080
Speaker 2: that we should have government intervention to lessen that blow,

1525
01:30:28,120 --> 01:30:28,639
Speaker 2: if you will.

1526
01:30:29,240 --> 01:30:31,760
Speaker 4: Okay, well, I don't know what gesticulation means. I'm just

1527
01:30:31,800 --> 01:30:32,879
Speaker 4: a university professor.

1528
01:30:33,000 --> 01:30:33,519
Speaker 3: Yeah, but.

1529
01:30:35,120 --> 01:30:39,920
Speaker 4: No, deflation is actually bad, and we've seen this in Japan,

1530
01:30:39,920 --> 01:30:45,000
Speaker 4: and Japan had a forever depression because of deflation, not inflation,

1531
01:30:45,400 --> 01:30:48,679
Speaker 4: Because what happens in deflation. If you have some money,

1532
01:30:49,080 --> 01:30:51,360
Speaker 4: it's better to put it in your mattress under your

1533
01:30:51,360 --> 01:30:54,040
Speaker 4: bed than to invest it in building a factory. Because

1534
01:30:54,080 --> 01:30:58,680
Speaker 4: in deflation, your dollar gains value over time by just

1535
01:30:58,720 --> 01:31:03,519
Speaker 4: sitting there doing nothing, So you're competing against putting money

1536
01:31:03,960 --> 01:31:07,920
Speaker 4: under your pillow versus building a factory and growing the economy.

1537
01:31:08,200 --> 01:31:11,680
Speaker 4: Deflation is worse than inflation because it's harder to get

1538
01:31:11,720 --> 01:31:14,439
Speaker 4: out of deflation. Japan has not succeeded in.

1539
01:31:14,439 --> 01:31:19,600
Speaker 2: Doing so into a Deflation is a killer of investments.

1540
01:31:20,120 --> 01:31:23,360
Speaker 4: Yes, yes, deflation is a killer of investment.

1541
01:31:23,520 --> 01:31:28,200
Speaker 2: Stay right there, doctor Mattwell, economist at the University of Indianapolis.

1542
01:31:28,400 --> 01:31:31,320
Speaker 3: Keep it here. This is Tony Katz today.

1543
01:31:32,360 --> 01:31:36,840
Speaker 2: So let's pick up where we left off as we

1544
01:31:36,840 --> 01:31:40,640
Speaker 2: were discussing deflation. Tony Katz, Tony Kats today, Good to

1545
01:31:40,680 --> 01:31:43,760
Speaker 2: be with you talking to doctor Matt Wheale, economist at

1546
01:31:43,760 --> 01:31:48,760
Speaker 2: the University of Indianapolis, and how the moment may very

1547
01:31:48,800 --> 01:31:52,160
Speaker 2: well be here to cut rates because the cutting of

1548
01:31:52,240 --> 01:31:54,759
Speaker 2: rates it we're seeing the economy now with a GDP

1549
01:31:54,840 --> 01:31:58,160
Speaker 2: of three percent, which I agree is an unbelievable number

1550
01:31:58,200 --> 01:32:01,080
Speaker 2: for the last quarter, Doctor will Well, it is an

1551
01:32:01,280 --> 01:32:06,519
Speaker 2: absolutely amazing number. And that number, when properly digested, might

1552
01:32:06,680 --> 01:32:09,920
Speaker 2: very well be what President Trump needs to share with

1553
01:32:10,000 --> 01:32:14,000
Speaker 2: the rest of the country economists, others, others on his

1554
01:32:14,080 --> 01:32:17,200
Speaker 2: economic team to say, now we've got the data, now

1555
01:32:17,240 --> 01:32:19,880
Speaker 2: we can cut the rates, and maybe Jerome Powell, Chairman

1556
01:32:19,880 --> 01:32:22,080
Speaker 2: of the Federal Reserve is taking all the attacks on

1557
01:32:22,160 --> 01:32:24,639
Speaker 2: him personally. Of course that walk through the building where

1558
01:32:24,640 --> 01:32:26,960
Speaker 2: they're wearing the hard hats, and he's like, Trump's like,

1559
01:32:27,000 --> 01:32:30,080
Speaker 2: you see he spent three billion here, and Powell's looking

1560
01:32:30,120 --> 01:32:32,519
Speaker 2: at it like it's hieroglyphics. He doesn't know which end

1561
01:32:32,600 --> 01:32:35,040
Speaker 2: is up. He might be taking it personally not want

1562
01:32:35,040 --> 01:32:38,519
Speaker 2: to cut rates. We do have Federal Reserve governors who

1563
01:32:38,560 --> 01:32:41,080
Speaker 2: are going to apply pressure, but for a lot of

1564
01:32:41,120 --> 01:32:43,400
Speaker 2: people like myself who have said, I don't know if

1565
01:32:43,400 --> 01:32:46,240
Speaker 2: we're in a place to cut rates. Yet you're telling

1566
01:32:46,320 --> 01:32:52,160
Speaker 2: us that this data set says, okay, cut Trump wants

1567
01:32:52,439 --> 01:32:55,960
Speaker 2: one two percent to take whatever he can get. What

1568
01:32:56,160 --> 01:32:59,559
Speaker 2: is the number here that you would advise, Jerome Powell?

1569
01:32:59,600 --> 01:33:02,640
Speaker 2: Because we're speaking now before the rate cuts, what's the

1570
01:33:02,760 --> 01:33:04,479
Speaker 2: number you would suggest, Jerome Powell?

1571
01:33:04,479 --> 01:33:04,880
Speaker 3: Cut pie.

1572
01:33:05,560 --> 01:33:08,360
Speaker 4: Okay, I'm sorry, but I refuse to answer your question

1573
01:33:08,439 --> 01:33:10,639
Speaker 4: the way that you asked it. I have to answer

1574
01:33:10,680 --> 01:33:13,599
Speaker 4: it a different way. Okay, Wait, what's wrong with how

1575
01:33:13,640 --> 01:33:16,439
Speaker 4: I asked it? There's nothing wrong with the way you

1576
01:33:16,479 --> 01:33:18,479
Speaker 4: ask asked it, but I'm going to answer it a

1577
01:33:18,520 --> 01:33:22,840
Speaker 4: different way. Sure, I believe that it's a he must

1578
01:33:22,840 --> 01:33:27,960
Speaker 4: announce a combination of rate cut and shedding the balance sheet,

1579
01:33:28,160 --> 01:33:32,040
Speaker 4: getting rid of in the assets that the Federal Reserve owns,

1580
01:33:32,080 --> 01:33:35,280
Speaker 4: because that's how you need to control inflation. He's controlling

1581
01:33:35,320 --> 01:33:39,040
Speaker 4: it improperly, he's controlling it. He's got to reverse all

1582
01:33:39,040 --> 01:33:42,679
Speaker 4: this quantitative easing that occurred. It's massive. It's still over

1583
01:33:42,760 --> 01:33:46,559
Speaker 4: seven trillion dollars on the Fed's balance sheet. So they

1584
01:33:46,600 --> 01:33:49,720
Speaker 4: need to We talked about this in a previous show, dislocation.

1585
01:33:50,200 --> 01:33:54,080
Speaker 4: The Fed has to get their butt out of the markets.

1586
01:33:54,120 --> 01:33:56,719
Speaker 4: They need to step on the sidelines, which means and okay,

1587
01:33:56,920 --> 01:34:00,320
Speaker 4: I'll tell you to answer your question. Now, combination cut

1588
01:34:00,400 --> 01:34:04,760
Speaker 4: rates one percent plus and I would begin selling at

1589
01:34:04,920 --> 01:34:08,080
Speaker 4: least at least ninety billion dollars a month off the

1590
01:34:08,080 --> 01:34:08,760
Speaker 4: Fed balance chie.

1591
01:34:08,840 --> 01:34:09,760
Speaker 3: Now stop break there.

1592
01:34:10,280 --> 01:34:12,320
Speaker 2: When you talk about selling off the balance you're talking

1593
01:34:12,360 --> 01:34:13,120
Speaker 2: about selling debt.

1594
01:34:13,160 --> 01:34:13,519
Speaker 3: Correct.

1595
01:34:14,160 --> 01:34:18,320
Speaker 4: No, No, the the Federal Reserve bonds. Okay, yeah, you

1596
01:34:18,320 --> 01:34:22,080
Speaker 4: could say that, but not government bonds. It's not selling

1597
01:34:22,080 --> 01:34:25,040
Speaker 4: for the federal government. The Federal Reserve Board actually is

1598
01:34:25,080 --> 01:34:28,680
Speaker 4: an investor. They own mortgages. Is a big thing that

1599
01:34:28,720 --> 01:34:31,760
Speaker 4: they bought, so they are an investor. They buy these

1600
01:34:31,800 --> 01:34:34,799
Speaker 4: mortgages that was the quantitative easing that we remember occurred

1601
01:34:34,800 --> 01:34:37,840
Speaker 4: in two thousand and eight and nine. They bought mortgages

1602
01:34:38,040 --> 01:34:41,680
Speaker 4: which printed money and put cash into the economy. They

1603
01:34:41,720 --> 01:34:45,759
Speaker 4: need to now sell those mortgages and take the cash

1604
01:34:45,960 --> 01:34:49,120
Speaker 4: out of the economy to control inflation. That's how they

1605
01:34:49,120 --> 01:34:51,920
Speaker 4: need to control inflation. They needed not be the investor.

1606
01:34:52,400 --> 01:34:55,519
Speaker 4: They're missing up the markets by being an investor. So

1607
01:34:55,800 --> 01:35:00,799
Speaker 4: again my statement, if they sell their investments, which brings

1608
01:35:00,840 --> 01:35:03,879
Speaker 4: cash out of the economy, then they can cut rates,

1609
01:35:04,520 --> 01:35:08,040
Speaker 4: which puts cash back in the economy, and that will

1610
01:35:08,080 --> 01:35:11,960
Speaker 4: fix the yield curve. The yield curve is dislocated, it's

1611
01:35:12,040 --> 01:35:15,479
Speaker 4: messed up, it's dysfunctional, and Jerome pal can fix it.

1612
01:35:15,479 --> 01:35:17,799
Speaker 4: It's an easy fix if he just has the guts

1613
01:35:17,800 --> 01:35:18,280
Speaker 4: to do it.

1614
01:35:18,560 --> 01:35:21,519
Speaker 2: So I think that is a bit confusing, and I

1615
01:35:21,560 --> 01:35:24,120
Speaker 2: want to go back to it, no, in terms of

1616
01:35:24,479 --> 01:35:26,519
Speaker 2: what it is that the FED owns, and how does

1617
01:35:26,640 --> 01:35:31,840
Speaker 2: selling these things get cash out of the system or

1618
01:35:31,960 --> 01:35:32,759
Speaker 2: is it out of the system?

1619
01:35:32,840 --> 01:35:35,040
Speaker 3: Is it in the system? Go back, start from the

1620
01:35:35,040 --> 01:35:37,719
Speaker 3: beginning of what it is they own, why.

1621
01:35:37,560 --> 01:35:39,479
Speaker 2: You think they have to sell it, and what it's

1622
01:35:39,520 --> 01:35:41,080
Speaker 2: actually going to do to the economy.

1623
01:35:41,880 --> 01:35:44,040
Speaker 4: Let me explain what the FED does they print money?

1624
01:35:44,520 --> 01:35:48,240
Speaker 4: I mean, I'm not joking. They literally they have printing presses.

1625
01:35:48,920 --> 01:35:51,120
Speaker 4: The Treasury owns the printing presses, but the FED says

1626
01:35:51,120 --> 01:35:53,920
Speaker 4: turn them on. It's a big red building south of

1627
01:35:53,960 --> 01:35:57,839
Speaker 4: the Washington Monument in Washington, DC. They physically have printing presses.

1628
01:35:58,400 --> 01:36:01,400
Speaker 4: And the way they get cash into the economy is

1629
01:36:02,040 --> 01:36:04,280
Speaker 4: many ways, but the one that we're focusing on is

1630
01:36:04,720 --> 01:36:08,280
Speaker 4: they would buy bonds. So say Tony, you own a bond,

1631
01:36:08,600 --> 01:36:11,679
Speaker 4: a mortgage, an investment, they would buy it from you.

1632
01:36:12,479 --> 01:36:14,320
Speaker 4: They would then print the money to give to you.

1633
01:36:14,560 --> 01:36:16,280
Speaker 4: So that's how they would get cash in the economy.

1634
01:36:16,320 --> 01:36:19,520
Speaker 4: They would print cash and give it to you in exchange.

1635
01:36:19,520 --> 01:36:22,519
Speaker 4: So they now own all these investments. They're the largest

1636
01:36:22,560 --> 01:36:25,519
Speaker 4: investor in the country. Well, they need to not be

1637
01:36:25,560 --> 01:36:28,719
Speaker 4: the largest investor. They need to start selling that mortgage

1638
01:36:28,760 --> 01:36:31,960
Speaker 4: back to you, selling a bond, selling any investments they have.

1639
01:36:32,040 --> 01:36:34,200
Speaker 4: They need to sell them and then take the cash

1640
01:36:34,240 --> 01:36:36,519
Speaker 4: back and just throw it in the trash can. That

1641
01:36:36,560 --> 01:36:39,519
Speaker 4: gets cash out of the economy. That reduces inflation.

1642
01:36:39,640 --> 01:36:42,160
Speaker 2: Cash doesn't go in a trash can. What does that

1643
01:36:42,200 --> 01:36:45,400
Speaker 2: actually mean? No, it does, it does, No, it does

1644
01:36:46,040 --> 01:36:48,920
Speaker 2: they don't. It doesn't go circulating around the economy. They

1645
01:36:48,960 --> 01:36:53,519
Speaker 2: print money literally, print money electronically or physically, and they

1646
01:36:53,560 --> 01:36:54,679
Speaker 2: also destroy money.

1647
01:36:55,280 --> 01:36:57,599
Speaker 4: They do both. They're the only entity in the country

1648
01:36:57,479 --> 01:36:59,439
Speaker 4: that can. That's the problem with digital currency, which we

1649
01:36:59,439 --> 01:37:01,760
Speaker 4: won't get into, is they can print money that we

1650
01:37:01,800 --> 01:37:05,800
Speaker 4: don't want them printing. So this is exactly what they do.

1651
01:37:05,840 --> 01:37:09,559
Speaker 4: They physically are the ones the FED interest rate. That's

1652
01:37:09,600 --> 01:37:11,559
Speaker 4: just another way to get cash in the economy. If

1653
01:37:11,560 --> 01:37:14,760
Speaker 4: you're a bank and I charge you zero percent, and

1654
01:37:14,800 --> 01:37:16,560
Speaker 4: I'm the Federal Reserve Board, you're gonna say, hey, I

1655
01:37:16,680 --> 01:37:18,880
Speaker 4: like to borrow a lot of money from you. Well

1656
01:37:18,920 --> 01:37:20,560
Speaker 4: they charge four and a half percent. Now you're not

1657
01:37:20,600 --> 01:37:23,120
Speaker 4: gonna borrow as much. So guess what, there's not as

1658
01:37:23,240 --> 01:37:26,360
Speaker 4: much cash. So there's many ways they control the cash

1659
01:37:26,439 --> 01:37:30,560
Speaker 4: in the economy, and they need to sell their investments

1660
01:37:31,040 --> 01:37:34,040
Speaker 4: to pull that cash out of the economy and cut

1661
01:37:34,160 --> 01:37:37,639
Speaker 4: rates that will get them on the sidelines. We don't

1662
01:37:37,720 --> 01:37:40,800
Speaker 4: want them competing with you and me and Chase and

1663
01:37:40,840 --> 01:37:43,760
Speaker 4: Bank of America, But how are they competing with me

1664
01:37:44,080 --> 01:37:49,240
Speaker 4: if they own mortgages? Because as an investor, again not homeowner,

1665
01:37:49,280 --> 01:37:51,160
Speaker 4: don't think of yourself as a homeowner, think of yourself

1666
01:37:51,160 --> 01:37:53,599
Speaker 4: as an investor. You could buy a mortgage. You can

1667
01:37:53,640 --> 01:37:56,479
Speaker 4: buy a mortgage backed security. Can you can? You know

1668
01:37:56,520 --> 01:37:59,040
Speaker 4: banks do this is the big The biggest asset that

1669
01:37:59,080 --> 01:38:01,920
Speaker 4: banks have is OANs. They make loans. A big loan

1670
01:38:02,000 --> 01:38:03,000
Speaker 4: they make is mortgages.

1671
01:38:05,240 --> 01:38:05,800
Speaker 3: Yeah you are.

1672
01:38:06,600 --> 01:38:09,639
Speaker 2: I'm going to do this one more time because I'm

1673
01:38:09,680 --> 01:38:11,880
Speaker 2: going to get you to the place that I need

1674
01:38:11,880 --> 01:38:15,280
Speaker 2: to be. You're making the argument that what has to

1675
01:38:15,360 --> 01:38:17,760
Speaker 2: happen is the Fed has to get out of being

1676
01:38:17,760 --> 01:38:20,400
Speaker 2: in competition with me. But I don't understand how them

1677
01:38:20,400 --> 01:38:23,519
Speaker 2: owning mortgages is in competition with me. It's never mind

1678
01:38:23,560 --> 01:38:26,360
Speaker 2: the whole idea of they pull cash out when they

1679
01:38:26,400 --> 01:38:29,200
Speaker 2: go about selling the mortgage. Somebody put cash in to

1680
01:38:29,320 --> 01:38:33,880
Speaker 2: buy the mortgage. So it's not yet clear how that

1681
01:38:33,920 --> 01:38:34,960
Speaker 2: this part of it works.

1682
01:38:36,200 --> 01:38:40,639
Speaker 4: You have investments, you probably have stocks, and you have bonds, right, okay,

1683
01:38:40,880 --> 01:38:44,679
Speaker 4: the federal government, the Federal Reserve Board, they also have bonds.

1684
01:38:45,280 --> 01:38:47,639
Speaker 4: So if you're a bond investor and they're a bond investor,

1685
01:38:47,640 --> 01:38:53,599
Speaker 4: they're competing with you for bonds. And if you tony,

1686
01:38:53,760 --> 01:38:57,000
Speaker 4: you want to buy a bond. A mortgage is a

1687
01:38:57,000 --> 01:38:59,400
Speaker 4: bond by the way, it's an investment, so you, as

1688
01:38:59,400 --> 01:39:02,400
Speaker 4: an investor, you can go into that market. Well what

1689
01:39:02,479 --> 01:39:06,200
Speaker 4: if again, this is crazy, but suppose there's only one

1690
01:39:06,240 --> 01:39:09,639
Speaker 4: bond in the entire market to buy and you don't

1691
01:39:09,640 --> 01:39:12,800
Speaker 4: buy it, the Federal Reserve Board buys it. Well, then

1692
01:39:12,840 --> 01:39:15,960
Speaker 4: what do you have in your portfolio? Cash? They buy

1693
01:39:16,000 --> 01:39:18,320
Speaker 4: the bond from you. You're an investor, you're a big

1694
01:39:18,320 --> 01:39:21,720
Speaker 4: shot Wall Street investor. They give you cash. They take

1695
01:39:21,760 --> 01:39:23,280
Speaker 4: the bond out of the market and put it in

1696
01:39:23,320 --> 01:39:26,800
Speaker 4: their pocket. So now there's extra cash floating around. What

1697
01:39:26,840 --> 01:39:28,519
Speaker 4: they need to do is they need to sell that

1698
01:39:28,640 --> 01:39:32,080
Speaker 4: bond back to you and take the cash out of

1699
01:39:32,120 --> 01:39:34,400
Speaker 4: your pocket, put it in their pocket, take it out

1700
01:39:34,439 --> 01:39:36,120
Speaker 4: of the market, so it's not causing inflation.

1701
01:39:36,240 --> 01:39:38,040
Speaker 2: So the cash that I use to buy the bond

1702
01:39:38,200 --> 01:39:41,599
Speaker 2: from the Federal Reserve is going to lower the amount

1703
01:39:41,640 --> 01:39:43,360
Speaker 2: of cash that's out there circulating.

1704
01:39:43,760 --> 01:39:46,720
Speaker 3: Yes, yes, I just need a clarity on that one.

1705
01:39:46,760 --> 01:39:51,320
Speaker 2: I ain't shy that we're playing in four hundred level

1706
01:39:51,600 --> 01:39:54,439
Speaker 2: classes here with doctor Matt Will economists at the University

1707
01:39:54,479 --> 01:39:57,320
Speaker 2: of Indianapolis. Did that bother you? Was that like one

1708
01:39:57,360 --> 01:39:59,599
Speaker 2: of your students saying you're not making any sense. Why

1709
01:39:59,600 --> 01:40:00,639
Speaker 2: did I go to this school?

1710
01:40:01,439 --> 01:40:03,679
Speaker 4: Love? I actually love this because I know that I've

1711
01:40:04,000 --> 01:40:05,760
Speaker 4: got to learn to be able to explain something in

1712
01:40:05,800 --> 01:40:08,240
Speaker 4: three or four or five different ways because each person

1713
01:40:08,360 --> 01:40:10,400
Speaker 4: absorbs it differently. That's my job.

1714
01:40:10,640 --> 01:40:13,200
Speaker 2: Now let's go back to the rate cut, the one

1715
01:40:13,280 --> 01:40:17,800
Speaker 2: percent concept of the rate cut. Is there such a

1716
01:40:17,880 --> 01:40:22,480
Speaker 2: thing as cutting too much too fast? Because every conversation,

1717
01:40:22,600 --> 01:40:25,840
Speaker 2: until now I know what Trump wants, every conversation has been.

1718
01:40:26,120 --> 01:40:28,559
Speaker 3: Slowly go and slowly go and slowly go.

1719
01:40:28,840 --> 01:40:31,240
Speaker 2: And I had made the argument that if you saw

1720
01:40:31,280 --> 01:40:34,240
Speaker 2: that Joan Bow was gonna cut a quarter point, that

1721
01:40:34,320 --> 01:40:36,880
Speaker 2: would be worse for him than if he didn't cut

1722
01:40:36,880 --> 01:40:38,559
Speaker 2: at all, because people be like, what do you do

1723
01:40:38,640 --> 01:40:41,479
Speaker 2: with you playing around the edges? But one percent is

1724
01:40:41,479 --> 01:40:44,439
Speaker 2: a very very big number when we're talking about these things.

1725
01:40:44,760 --> 01:40:47,160
Speaker 2: Why do you say one percent and not let's say

1726
01:40:47,160 --> 01:40:47,719
Speaker 2: two percent?

1727
01:40:49,400 --> 01:40:52,439
Speaker 4: Maybe I exaggerated, Maybe I should say half a percent

1728
01:40:52,600 --> 01:40:55,840
Speaker 4: this month and half a percent next month. Because when

1729
01:40:55,880 --> 01:40:57,800
Speaker 4: you combine it with this what we just talked about

1730
01:40:57,800 --> 01:41:01,320
Speaker 4: the buying and selling of bonds, you could cause disruption.

1731
01:41:01,920 --> 01:41:04,320
Speaker 4: I mean, this is what China did just a couple

1732
01:41:04,400 --> 01:41:07,320
Speaker 4: months ago. They threatened to dump eight hundred billion dollars

1733
01:41:07,360 --> 01:41:10,559
Speaker 4: of US treasuries into the market, which has destroyed the

1734
01:41:10,600 --> 01:41:14,000
Speaker 4: bond market and caused rates to go through the roof.

1735
01:41:14,360 --> 01:41:16,840
Speaker 4: So you have to do it gingerly. You don't want

1736
01:41:16,840 --> 01:41:19,720
Speaker 4: to come in and be, you know, fifty percent of

1737
01:41:19,760 --> 01:41:21,559
Speaker 4: the bond market today. Hey, I would like to sell

1738
01:41:21,600 --> 01:41:23,920
Speaker 4: some bonds, and I'm fifty percent of all bonds sold

1739
01:41:23,960 --> 01:41:27,200
Speaker 4: in one day. That's a little disruptive. So you want

1740
01:41:27,200 --> 01:41:29,519
Speaker 4: to do it, you know, so you don't disrupt the markets.

1741
01:41:29,600 --> 01:41:31,719
Speaker 4: And so maybe half of a percent would be better

1742
01:41:31,720 --> 01:41:34,080
Speaker 4: this month, and half a percent next month, and start

1743
01:41:34,120 --> 01:41:36,360
Speaker 4: selling your bonds at a nice gingerly pace.

1744
01:41:36,760 --> 01:41:40,040
Speaker 2: So let's say it's a one percent cut that gets

1745
01:41:40,080 --> 01:41:45,479
Speaker 2: more people investing, more people borrowing money to make capital investments, machinery, this,

1746
01:41:45,560 --> 01:41:48,120
Speaker 2: that and the other, and that is going to help

1747
01:41:48,200 --> 01:41:50,920
Speaker 2: speed along economic growth.

1748
01:41:52,600 --> 01:41:58,280
Speaker 4: Okay, yes, if yes, If the growth that's occurring is

1749
01:41:58,400 --> 01:42:02,439
Speaker 4: private companies nice as you discussed earlier, this can't be

1750
01:42:02,560 --> 01:42:05,840
Speaker 4: government growth that defeats the purpose. Yeah, but that's an

1751
01:42:05,840 --> 01:42:08,000
Speaker 4: important thing to distinguish, because let me give you some

1752
01:42:08,040 --> 01:42:12,240
Speaker 4: more and more nerdy data. Under Biden, the federal government

1753
01:42:12,240 --> 01:42:15,080
Speaker 4: grew in the last four quarters zero percent plus four

1754
01:42:15,280 --> 01:42:19,960
Speaker 4: plus nine plus four. Under Trump, it's shrunk by four

1755
01:42:20,000 --> 01:42:23,240
Speaker 4: point seven and shrunk by three point seven. That is

1756
01:42:23,360 --> 01:42:26,880
Speaker 4: such good news to me a capitalist. I love seeing

1757
01:42:26,960 --> 01:42:31,599
Speaker 4: that the GDP is not government based. So now remember

1758
01:42:31,680 --> 01:42:33,880
Speaker 4: back to this nerdy discussion we had. You can start

1759
01:42:33,880 --> 01:42:37,080
Speaker 4: cutting those short term rates and that will start investing.

1760
01:42:37,360 --> 01:42:40,280
Speaker 4: It will encourage people to invest because, let me, you're

1761
01:42:40,280 --> 01:42:42,760
Speaker 4: an investor. Let's say you're a big shot entrepreneur, which

1762
01:42:42,800 --> 01:42:45,880
Speaker 4: you are with your radio empire here, thank you very much,

1763
01:42:46,160 --> 01:42:48,919
Speaker 4: and you make you know, eight percent on your investment.

1764
01:42:48,960 --> 01:42:51,360
Speaker 4: But you're barr and money at nine. You're not going

1765
01:42:51,439 --> 01:42:53,720
Speaker 4: to make an eight percent investment when you're borrowing money

1766
01:42:53,720 --> 01:42:56,400
Speaker 4: at nine. But if you're barring money at four or three, oh,

1767
01:42:56,479 --> 01:43:00,000
Speaker 4: you'll definitely make that investment. So we need to start

1768
01:43:00,120 --> 01:43:03,240
Speaker 4: cutting short term rates to make it cheaper for someone

1769
01:43:03,320 --> 01:43:07,679
Speaker 4: to borrow. Residential residential construction the big okay, the piece

1770
01:43:07,680 --> 01:43:11,599
Speaker 4: of bad news in this GDP report was construction down

1771
01:43:11,640 --> 01:43:14,639
Speaker 4: ten point three percent, residential down four point six percent.

1772
01:43:14,920 --> 01:43:17,519
Speaker 4: You know what, they live on short term rates. This

1773
01:43:17,640 --> 01:43:20,200
Speaker 4: is Trump's world. When you're a construction guy and you're

1774
01:43:20,200 --> 01:43:22,280
Speaker 4: putting up a building, you're getting a construction loan for

1775
01:43:22,320 --> 01:43:25,479
Speaker 4: twelve to eighteen months. Well, short term rates are high,

1776
01:43:25,560 --> 01:43:28,519
Speaker 4: right now, cut short term rates. You're going to duce construction.

1777
01:43:28,800 --> 01:43:32,040
Speaker 2: Before I let you go, doctor Matt Will, economist, University

1778
01:43:32,040 --> 01:43:36,679
Speaker 2: of Indianapolis. Let me get into Indian and the tariffs. Certainly,

1779
01:43:37,720 --> 01:43:42,160
Speaker 2: the effect of tariffs, it leads one to question whether

1780
01:43:42,200 --> 01:43:46,240
Speaker 2: economists ever understood tariffs and whether or not the absorption

1781
01:43:46,600 --> 01:43:51,120
Speaker 2: of businesses, etc. Have allowed for enough cushion to make

1782
01:43:51,400 --> 01:43:56,559
Speaker 2: the effect negligible to allow other things to occur. But

1783
01:43:56,680 --> 01:44:00,880
Speaker 2: the what we're seeing now is that President Trump is

1784
01:44:00,920 --> 01:44:03,719
Speaker 2: saying to India, you get a twenty five percent tariff

1785
01:44:03,720 --> 01:44:07,200
Speaker 2: and a penalty because you have traded with Russia specifically

1786
01:44:07,200 --> 01:44:11,320
Speaker 2: buying oil, buying energy, and we're here to strangle Russia

1787
01:44:11,600 --> 01:44:15,000
Speaker 2: on the energy side. A lah Ronald Reagan and Garbachev

1788
01:44:15,240 --> 01:44:18,880
Speaker 2: back to ending the colds war twenty five percent tariff

1789
01:44:18,920 --> 01:44:21,479
Speaker 2: on India. When you said on this show just to

1790
01:44:21,560 --> 01:44:25,160
Speaker 2: day ago that India is eating China's lunch in specific

1791
01:44:25,280 --> 01:44:30,000
Speaker 2: iPhones and other technology that Americans are buying, this doesn't

1792
01:44:30,040 --> 01:44:31,719
Speaker 2: have an effect on the American consumer.

1793
01:44:33,200 --> 01:44:34,880
Speaker 4: It does. But let me go, I take a little

1794
01:44:34,880 --> 01:44:38,000
Speaker 4: exception to the premise when you started saying the impact

1795
01:44:38,040 --> 01:44:41,080
Speaker 4: has been negligible for the tariffs. No, I can show

1796
01:44:41,080 --> 01:44:43,160
Speaker 4: you a list of companies that have lost money, that

1797
01:44:43,200 --> 01:44:46,720
Speaker 4: have cut dividends, that are laying people off. There's a

1798
01:44:46,800 --> 01:44:49,160
Speaker 4: huge impact that we've seen in the wholesale that we

1799
01:44:49,200 --> 01:44:51,400
Speaker 4: will see in the retail. So I think there is

1800
01:44:51,439 --> 01:44:57,880
Speaker 4: an impact from the terriffs. Concerning India, you know, that's

1801
01:44:58,400 --> 01:45:03,200
Speaker 4: that's Trump's next nemesis, which I don't understand. Okay, I

1802
01:45:03,280 --> 01:45:05,760
Speaker 4: understand the political angle, and I will defer to you

1803
01:45:06,000 --> 01:45:10,160
Speaker 4: on that that's not my area whatsoever. But from the

1804
01:45:10,200 --> 01:45:13,599
Speaker 4: economic side, it makes me nervous because they've done what

1805
01:45:13,640 --> 01:45:17,840
Speaker 4: we've asked. They've shifted production away from China. India is

1806
01:45:17,840 --> 01:45:20,880
Speaker 4: becoming the new China for US. So why do I

1807
01:45:20,880 --> 01:45:22,760
Speaker 4: want to start a war with them when they've done

1808
01:45:22,800 --> 01:45:26,160
Speaker 4: exactly what we asked. Apple has done exactly what we

1809
01:45:26,240 --> 01:45:27,800
Speaker 4: asked as far as manufacturing.

1810
01:45:28,000 --> 01:45:29,840
Speaker 2: I can answer the question by saying, it's not the

1811
01:45:29,880 --> 01:45:32,960
Speaker 2: objectives to start the war, it's to put it out

1812
01:45:33,000 --> 01:45:35,400
Speaker 2: there to allow for the deal to be hastened happened

1813
01:45:35,439 --> 01:45:37,720
Speaker 2: a little bit faster, which is all about putting the

1814
01:45:37,720 --> 01:45:39,000
Speaker 2: pressure on China.

1815
01:45:39,040 --> 01:45:40,759
Speaker 3: I stick with my original thesis.

1816
01:45:40,960 --> 01:45:44,200
Speaker 2: It's Japan, it's Vietnam, it's South Korea, it's India. Never

1817
01:45:44,200 --> 01:45:47,280
Speaker 2: mind the EU deal, which is certainly interesting. But once

1818
01:45:47,320 --> 01:45:50,519
Speaker 2: those four deals are made, the pressure point on China

1819
01:45:50,680 --> 01:45:54,960
Speaker 2: is now full on and full strength against these major competitors.

1820
01:45:55,000 --> 01:45:57,480
Speaker 2: And I think that's all this is. This is standard

1821
01:45:57,479 --> 01:46:00,320
Speaker 2: Trump tactic to a thing. These twists may never actually

1822
01:46:00,360 --> 01:46:03,760
Speaker 2: get fully implemented. Knowing the way Trump does things.

1823
01:46:04,040 --> 01:46:04,280
Speaker 3: Walls.

1824
01:46:04,280 --> 01:46:07,000
Speaker 2: She may call it taco, he calls its strategy. And

1825
01:46:07,120 --> 01:46:11,520
Speaker 2: right now he's winning that debate. Doctor Matt Will, economist

1826
01:46:11,560 --> 01:46:13,840
Speaker 2: at the University of Indianapolis. I appreciate you taking the

1827
01:46:13,880 --> 01:46:15,840
Speaker 2: time to be with us more to get to I'm

1828
01:46:15,880 --> 01:46:18,719
Speaker 2: Tony Katz. This is Tony Kats today. So we've reached

1829
01:46:18,760 --> 01:46:22,760
Speaker 2: the Everybody a Stupid portion of our show where Congressman

1830
01:46:22,920 --> 01:46:29,160
Speaker 2: Eric Swalwell Democrat Fang Fang California is challenging Greg Guttfeld

1831
01:46:29,320 --> 01:46:34,040
Speaker 2: of Fox to see how many bench presses he can do. Guys,

1832
01:46:34,280 --> 01:46:38,000
Speaker 2: there's no shot, there's no future. Just start drinking bourbon. Now,

1833
01:46:38,400 --> 01:46:40,000
Speaker 2: this guy's a member of Congress.

1834
01:46:40,880 --> 01:46:42,360
Speaker 3: How dumb can one be?

1835
01:46:42,880 --> 01:46:47,800
Speaker 2: Tony Katz, Tony Katz today. I guess Swawall is doing

1836
01:46:47,840 --> 01:46:49,880
Speaker 2: all these videos. So look at me, I'm bench pressing.

1837
01:46:49,880 --> 01:46:51,920
Speaker 2: Look at me, I'm doing this. Oh my gosh, look

1838
01:46:51,960 --> 01:46:53,679
Speaker 2: at the price of beef. And he thinks he's funny

1839
01:46:53,680 --> 01:46:56,599
Speaker 2: and whatever. It's nonsense. But I guess Guttfeld was talking

1840
01:46:56,600 --> 01:46:59,120
Speaker 2: about it on a show last night, and Swalwell writes,

1841
01:46:59,160 --> 01:47:02,719
Speaker 2: here's a deal for great Gutfeld and then says never

1842
01:47:02,840 --> 01:47:06,080
Speaker 2: heard of him till he spends eight minutes criticizing what

1843
01:47:06,160 --> 01:47:06,920
Speaker 2: I bench press.

1844
01:47:07,640 --> 01:47:08,360
Speaker 3: Bull crap.

1845
01:47:08,920 --> 01:47:12,000
Speaker 2: You never heard of Greg Guttfeld as a Democrat member

1846
01:47:12,000 --> 01:47:13,080
Speaker 2: of Congress.

1847
01:47:13,120 --> 01:47:16,800
Speaker 3: Never stop, just stop it.

1848
01:47:16,800 --> 01:47:19,639
Speaker 2: It's all a lie at that moment, and he says,

1849
01:47:19,760 --> 01:47:22,760
Speaker 2: here's the deal. If tough guy benches more than me

1850
01:47:22,840 --> 01:47:26,120
Speaker 2: for ten reps, I'll leave Congress. If not, he leaves

1851
01:47:26,160 --> 01:47:29,280
Speaker 2: Fox News. I'll give Greg forty eight hours to accept.

1852
01:47:29,560 --> 01:47:32,800
Speaker 2: Then I'm calling him gutlass Feld. Oh oh, that's a

1853
01:47:32,920 --> 01:47:36,760
Speaker 2: slam right there. Greg Guttfeld is sixty. Eric Swawall is

1854
01:47:36,800 --> 01:47:40,040
Speaker 2: forty four. Gottfeld is supposed to bench as much as you.

1855
01:47:40,600 --> 01:47:44,240
Speaker 2: How about this. We cut out the nonsense, this nonsense

1856
01:47:44,439 --> 01:47:47,000
Speaker 2: measuring max you want to do, Swallwell, and we focus

1857
01:47:47,080 --> 01:47:50,080
Speaker 2: on the country, like the real issues that allegedly you

1858
01:47:50,080 --> 01:47:51,160
Speaker 2: got voted into handle.

1859
01:47:51,760 --> 01:47:53,040
Speaker 3: God, this is all embarrassed.

1860
01:47:53,439 --> 01:47:56,360
Speaker 2: Find everything at Tony kats dot com Tomorrow everyone, take care.