1 00:00:00,120 --> 00:00:02,639 Speaker 1: So there's a new poll that came out from Fanny 2 00:00:02,720 --> 00:00:05,880 Speaker 1: May and it says nearly seventy percent of Americans believe 3 00:00:05,880 --> 00:00:08,520 Speaker 1: the US economy is on the wrong track. And that's 4 00:00:08,640 --> 00:00:10,520 Speaker 1: up from sixty four percent in August. 5 00:00:11,240 --> 00:00:14,520 Speaker 2: What's the number, seventy percent? Okay, so that's not I mean, 6 00:00:14,520 --> 00:00:17,600 Speaker 2: that's you got Republicans in on that. That's not a 7 00:00:17,600 --> 00:00:24,640 Speaker 2: partisan thing. And as Trump are kind of found out 8 00:00:24,640 --> 00:00:29,520 Speaker 2: in twenty twenty and Biden Kamala found out in twenty 9 00:00:29,520 --> 00:00:33,479 Speaker 2: four and many other politicians have found out throughout the 10 00:00:33,520 --> 00:00:36,200 Speaker 2: history of this country, the economy is usually the primary 11 00:00:36,240 --> 00:00:39,839 Speaker 2: factor in how people vote because it's the thing they 12 00:00:39,880 --> 00:00:43,159 Speaker 2: experience every single day. Look, you can and should be 13 00:00:43,200 --> 00:00:47,600 Speaker 2: invested in a secure border. We all have a benefit 14 00:00:47,800 --> 00:00:49,480 Speaker 2: of that. We should all cheerlead for it, we should 15 00:00:49,479 --> 00:00:52,639 Speaker 2: all do our part to help it. But the reality 16 00:00:52,800 --> 00:01:00,680 Speaker 2: is you're not likely to encounter hopefully you just illegal 17 00:01:00,680 --> 00:01:02,520 Speaker 2: immigrant in your day to day life, and obviously many 18 00:01:02,560 --> 00:01:04,640 Speaker 2: people do. It goes horrible. We've laid out those cases. 19 00:01:04,959 --> 00:01:07,160 Speaker 2: These people have no place in our society. We should 20 00:01:07,440 --> 00:01:09,520 Speaker 2: you know, catch them, get rid of them, punish them. Right, 21 00:01:10,319 --> 00:01:13,560 Speaker 2: So it's an important issue, but you don't experience that 22 00:01:13,640 --> 00:01:19,160 Speaker 2: every single day. Or the Israel Israel Hamas conflict. You 23 00:01:19,200 --> 00:01:22,520 Speaker 2: may be an ardent supporter of Israel, but you don't 24 00:01:22,600 --> 00:01:25,760 Speaker 2: you know, you don't experience that every day, or Ukraine, Russia, whatever. 25 00:01:26,200 --> 00:01:31,360 Speaker 2: The economy is something that hits you every single day, 26 00:01:31,840 --> 00:01:34,240 Speaker 2: every time you go to the store, every time you 27 00:01:34,280 --> 00:01:38,200 Speaker 2: go to work. It is always front and center. And 28 00:01:39,280 --> 00:01:41,000 Speaker 2: what Trump is doing right now and maybe in the 29 00:01:41,040 --> 00:01:44,600 Speaker 2: long terminal workout, but front and center for people, it 30 00:01:44,680 --> 00:01:45,600 Speaker 2: is not working. 31 00:01:45,800 --> 00:01:48,200 Speaker 1: Only thirty two percent of the people who are questioned 32 00:01:48,280 --> 00:01:51,520 Speaker 1: expect their finances to improve over the next year. And 33 00:01:51,560 --> 00:01:55,240 Speaker 1: they kind of they broke this survey down into different parts. 34 00:01:55,360 --> 00:01:58,919 Speaker 1: One was the overall sentiment of the economy. They also 35 00:01:59,040 --> 00:02:02,680 Speaker 1: got into the housing market, also the labor market, and 36 00:02:03,040 --> 00:02:07,120 Speaker 1: then just some overall takeaways, also renting in mortgage. There's 37 00:02:07,160 --> 00:02:09,120 Speaker 1: something else that I wanted to bring to the table 38 00:02:09,200 --> 00:02:13,400 Speaker 1: in the discussion about the economy, and that is electricity prices. 39 00:02:13,960 --> 00:02:19,240 Speaker 1: Axios put out their survey and they said they don't 40 00:02:19,280 --> 00:02:21,720 Speaker 1: have Indiana on the list, which is interesting. There are 41 00:02:21,720 --> 00:02:24,560 Speaker 1: a few states that they just skipped over. So we'll 42 00:02:24,560 --> 00:02:29,480 Speaker 1: go to our neighboring states Pennsylvania electricity prices have skyrocketed 43 00:02:29,560 --> 00:02:32,800 Speaker 1: forty five percent in the past year. When you look 44 00:02:32,880 --> 00:02:36,720 Speaker 1: at Ohio, they're an increase of forty two percent, Kentucky 45 00:02:36,760 --> 00:02:41,400 Speaker 1: twenty five percent, Illinois forty percent, Michigan twenty eight percent. 46 00:02:41,680 --> 00:02:43,800 Speaker 1: So you have to imagine that Indiana is going to 47 00:02:43,800 --> 00:02:48,000 Speaker 1: be somewhere between twenty five and forty five percent increase 48 00:02:48,120 --> 00:02:51,320 Speaker 1: in the electricity prices. And of course they attribute that 49 00:02:51,440 --> 00:02:54,720 Speaker 1: to the data centers which are causing all the prices 50 00:02:54,760 --> 00:03:00,040 Speaker 1: to skyrocket. But when you take your electricity prices and 51 00:03:00,160 --> 00:03:03,440 Speaker 1: or grocery prices and the fact. 52 00:03:03,280 --> 00:03:07,320 Speaker 3: That mortgage rates are pretty stagnant, yeah, people are. 53 00:03:07,200 --> 00:03:11,160 Speaker 1: Looking at their own, you know, bills that are coming 54 00:03:11,160 --> 00:03:16,720 Speaker 1: in and what's coming in on their paycheck. Their paycheck's unchanged, 55 00:03:16,960 --> 00:03:18,400 Speaker 1: yet the bills are increasing. 56 00:03:18,840 --> 00:03:21,480 Speaker 2: I think the biggest problem in this conversation or in 57 00:03:21,520 --> 00:03:24,360 Speaker 2: this in this well, in this conversation, but the in 58 00:03:24,400 --> 00:03:29,680 Speaker 2: this issue is our politicians are so rotten and dishonest 59 00:03:30,200 --> 00:03:33,880 Speaker 2: and have so little respect for the people because all 60 00:03:33,880 --> 00:03:36,360 Speaker 2: they really care about is getting reelected. And they have 61 00:03:36,480 --> 00:03:40,440 Speaker 2: recognized that most people will let some future generation, which 62 00:03:40,600 --> 00:03:43,720 Speaker 2: the future generation stuff is kind of here now suffer 63 00:03:43,840 --> 00:03:46,200 Speaker 2: so that they can have something. People want to believe 64 00:03:46,240 --> 00:03:48,640 Speaker 2: they can have something for nothing, or you can give 65 00:03:48,720 --> 00:03:51,640 Speaker 2: something to someone without taking it from somebody else, and 66 00:03:51,680 --> 00:03:54,600 Speaker 2: you're always taking. Whenever the government does something, they're taking 67 00:03:54,600 --> 00:03:58,080 Speaker 2: it from somebody else because either you're taking money and 68 00:03:58,160 --> 00:04:00,680 Speaker 2: paying for it. Somebody pays tax and they pay for it, 69 00:04:00,920 --> 00:04:04,200 Speaker 2: or you're printing money, which means daft deficits or future taxes. 70 00:04:04,400 --> 00:04:06,320 Speaker 2: Somebody will pay for it down the line, and now 71 00:04:06,320 --> 00:04:09,040 Speaker 2: we're all paying for it in terms of inflation. Casey, 72 00:04:09,400 --> 00:04:11,680 Speaker 2: you live in a house with a sports nut. So 73 00:04:11,760 --> 00:04:13,320 Speaker 2: I'm guessing at some point in your life you have 74 00:04:13,360 --> 00:04:17,520 Speaker 2: seen the movie Hoosiers. Correct, there is a and look, 75 00:04:17,520 --> 00:04:19,400 Speaker 2: I guess I can spoiler alert at this point. The 76 00:04:19,400 --> 00:04:21,839 Speaker 2: movie is forty years now. For a while, Gene Hackman. 77 00:04:22,000 --> 00:04:25,960 Speaker 2: It is based on loosely on the mile and State 78 00:04:26,040 --> 00:04:29,240 Speaker 2: championship team in which Bobby Plump was the real character. 79 00:04:29,360 --> 00:04:31,880 Speaker 2: The small school hits the shot, wins the championship, and 80 00:04:31,680 --> 00:04:34,040 Speaker 2: they made this movie around it, which is based very 81 00:04:34,080 --> 00:04:37,160 Speaker 2: loosely on it. There's many people who never existed or whatever. 82 00:04:37,240 --> 00:04:41,520 Speaker 2: But Gene Hackman comes in to coach this basketball team 83 00:04:41,520 --> 00:04:44,919 Speaker 2: which is based on mylein and totally none of this 84 00:04:45,000 --> 00:04:47,119 Speaker 2: ever actually happened. It's not not the way it actually 85 00:04:47,120 --> 00:04:52,920 Speaker 2: went down. He comes in and changes everything that the 86 00:04:52,960 --> 00:04:59,320 Speaker 2: team is doing, and people are outraged. And there's this 87 00:04:59,360 --> 00:05:01,800 Speaker 2: conversation he's having in the movie where he talks about 88 00:05:01,839 --> 00:05:04,800 Speaker 2: his coaching philosophy, and he basically says, what this team 89 00:05:04,839 --> 00:05:07,920 Speaker 2: is doing now is not capable of winning championships, and 90 00:05:07,960 --> 00:05:09,600 Speaker 2: in order to get this team to where they can 91 00:05:09,600 --> 00:05:11,760 Speaker 2: win a championship, and the line is, I've got to 92 00:05:11,800 --> 00:05:14,160 Speaker 2: break them down and I got to build build him 93 00:05:14,200 --> 00:05:16,320 Speaker 2: back up right. And the people are outraged, and he 94 00:05:16,360 --> 00:05:20,799 Speaker 2: does all these things, and then finally the kids start 95 00:05:20,839 --> 00:05:23,919 Speaker 2: buying into what he's doing. But he has the honest 96 00:05:24,000 --> 00:05:27,200 Speaker 2: conversation with the public about you're not gonna like this 97 00:05:27,279 --> 00:05:29,760 Speaker 2: in the beginning. It's not going to be pleasant, and 98 00:05:29,800 --> 00:05:31,320 Speaker 2: here's what we have to do to get this team 99 00:05:31,360 --> 00:05:34,360 Speaker 2: back on track. That is what we need in this country. 100 00:05:34,680 --> 00:05:38,520 Speaker 2: We need politicians, starting with the President of the United States, 101 00:05:38,960 --> 00:05:41,880 Speaker 2: to have the intestinal fortitude, the guts, and the courage 102 00:05:42,000 --> 00:05:45,719 Speaker 2: to say everything is so broken. We have broken this 103 00:05:45,839 --> 00:05:50,600 Speaker 2: country beyond repair that it cannot be salvage. It's weirdly 104 00:05:50,640 --> 00:05:52,920 Speaker 2: sort of the same thing with property taxes. You'll never 105 00:05:53,000 --> 00:05:56,359 Speaker 2: fix the property tax system in Indiana. It's too broken. 106 00:05:56,640 --> 00:05:59,720 Speaker 2: And instead of having that honest conversation, we just keep 107 00:05:59,720 --> 00:06:01,760 Speaker 2: saying if we did this, or we tinker around the 108 00:06:01,800 --> 00:06:06,560 Speaker 2: edges with that. The the the philosophies of our government, 109 00:06:06,600 --> 00:06:09,760 Speaker 2: the actions of our government have broken our economy now 110 00:06:10,640 --> 00:06:13,880 Speaker 2: to the point we're in an honest fashion it cannot 111 00:06:13,880 --> 00:06:16,039 Speaker 2: be fixed without being broken down and built back up. 112 00:06:16,080 --> 00:06:17,720 Speaker 2: And nobody's gonna do that because they don't want to 113 00:06:17,760 --> 00:06:21,000 Speaker 2: play the short term political costs, the pain people would 114 00:06:21,000 --> 00:06:23,920 Speaker 2: have to feel to get the economics of our nation 115 00:06:24,080 --> 00:06:25,040 Speaker 2: back on solid footing. 116 00:06:25,080 --> 00:06:26,839 Speaker 1: Well, some people would argue that that is in fact 117 00:06:26,880 --> 00:06:29,359 Speaker 1: what Donald Trump is doing with the tariffs. 118 00:06:28,880 --> 00:06:30,279 Speaker 2: But he's not stopping spending money. 119 00:06:30,320 --> 00:06:33,160 Speaker 3: He's breaking it down, like this is the this is 120 00:06:33,200 --> 00:06:34,480 Speaker 3: the breaking it down phase. 121 00:06:34,680 --> 00:06:37,159 Speaker 2: I would buy it if he would stop spending the 122 00:06:37,160 --> 00:06:39,560 Speaker 2: money and shrink the government. If he said, look, there's 123 00:06:39,560 --> 00:06:41,440 Speaker 2: a you know, a three or four part approach, and 124 00:06:41,520 --> 00:06:44,720 Speaker 2: tariffs are one of them. But I'm also over here 125 00:06:44,720 --> 00:06:47,080 Speaker 2: going to balance our budget. We're gonna get rid of 126 00:06:47,080 --> 00:06:49,520 Speaker 2: all the wasteful spending. We're gonna have honest conversations about 127 00:06:49,560 --> 00:06:52,120 Speaker 2: social security and Medicare and all these things that we're 128 00:06:52,120 --> 00:06:54,719 Speaker 2: gonna make the Okay, I'm on board with the tariffs, 129 00:06:54,800 --> 00:06:56,640 Speaker 2: but the tariffs, do you laid out the number was? 130 00:06:56,680 --> 00:06:58,599 Speaker 2: It was a couple billion dollars right like it was 131 00:06:58,600 --> 00:06:59,799 Speaker 2: in the billions. 132 00:06:59,360 --> 00:07:01,640 Speaker 3: That the re knew that it's turning eight thirty one. 133 00:07:01,520 --> 00:07:04,719 Speaker 2: Which is nothing. You're running trillion dollar plus annual deficits. 134 00:07:04,760 --> 00:07:07,440 Speaker 2: It's nothing. Even if you used all that money to 135 00:07:07,480 --> 00:07:09,160 Speaker 2: pay down the debt. If he came to me and said, 136 00:07:09,160 --> 00:07:10,640 Speaker 2: every penny you'll go to pay down, which he did 137 00:07:10,640 --> 00:07:12,160 Speaker 2: at one point, but of course we knew that was. 138 00:07:12,160 --> 00:07:13,320 Speaker 3: Going to last change his mine. 139 00:07:13,360 --> 00:07:15,280 Speaker 2: If every penny was going to pay down the debt 140 00:07:15,360 --> 00:07:17,120 Speaker 2: and we were going to balance our budget and we 141 00:07:17,120 --> 00:07:19,800 Speaker 2: were actually going to peel back some of our nation's 142 00:07:20,080 --> 00:07:21,960 Speaker 2: debt and we were going to get inflation under control, 143 00:07:22,280 --> 00:07:24,800 Speaker 2: I would be in on that. But the tariffs are 144 00:07:24,840 --> 00:07:28,560 Speaker 2: just going to prop up government programs. They're going to 145 00:07:28,680 --> 00:07:32,560 Speaker 2: have to potentially see some level of peel back during 146 00:07:32,600 --> 00:07:35,680 Speaker 2: the shutdown. He's not doing any of that. The economy 147 00:07:35,720 --> 00:07:38,200 Speaker 2: means an economy for rich people in which the tippy 148 00:07:38,240 --> 00:07:40,440 Speaker 2: top people are going to continue to get ahead or 149 00:07:40,440 --> 00:07:43,320 Speaker 2: continue to thrive, continue to elevate their wealth, and you 150 00:07:43,400 --> 00:07:46,080 Speaker 2: the middle class are shrinking out of the middle class. 151 00:07:46,080 --> 00:07:46,880 Speaker 3: All right, let's talk. 152 00:07:46,800 --> 00:07:49,760 Speaker 1: About the housing market outlook. Only twenty seven percent of 153 00:07:49,800 --> 00:07:52,160 Speaker 1: people say it's a good time to buy a home. 154 00:07:52,640 --> 00:07:57,280 Speaker 1: Mortgage rates remain around six percent. However, home prices are 155 00:07:57,440 --> 00:07:59,120 Speaker 1: fifty one percent. 156 00:07:58,840 --> 00:08:01,200 Speaker 3: Higher than they were five years ago. 157 00:08:01,680 --> 00:08:06,680 Speaker 1: You still have a tight inventory and competition is extremely high. 158 00:08:06,760 --> 00:08:11,160 Speaker 2: So then think about what the housing price does, which 159 00:08:11,240 --> 00:08:14,240 Speaker 2: is the housing prices higher. Interest rates are still markedly 160 00:08:14,320 --> 00:08:17,000 Speaker 2: higher than they were when they do these cuts, unless 161 00:08:17,000 --> 00:08:19,240 Speaker 2: they cut them to zero like they did during COVID. 162 00:08:20,000 --> 00:08:23,560 Speaker 2: The big business people are the ones who benefit. Okay, 163 00:08:23,600 --> 00:08:26,600 Speaker 2: you might you might save some money on your mortgage, 164 00:08:26,640 --> 00:08:29,480 Speaker 2: but if six and six two five is the difference 165 00:08:29,520 --> 00:08:31,080 Speaker 2: between you buy an OURS or not buy an OSS, 166 00:08:31,400 --> 00:08:33,839 Speaker 2: you're probably cash poorn that home to begin with from 167 00:08:33,840 --> 00:08:37,599 Speaker 2: the moment you step into it. But the housing prices 168 00:08:38,120 --> 00:08:44,600 Speaker 2: are still unaffordable for many people. But then you also have, 169 00:08:45,679 --> 00:08:48,640 Speaker 2: as a result of the rising housing prices, people can't 170 00:08:48,640 --> 00:08:53,280 Speaker 2: afford the property taxes and the insurance. And so it 171 00:08:53,360 --> 00:08:58,960 Speaker 2: is this like perfect storm vortex. And then Trump comes 172 00:08:58,960 --> 00:09:02,920 Speaker 2: out and starts talking about all this land for affordable housing, 173 00:09:03,320 --> 00:09:06,360 Speaker 2: and it's like, great, that's what my community needs. Another 174 00:09:06,440 --> 00:09:09,640 Speaker 2: high density housing development, mister Trump. Hey, I'll tell you what, 175 00:09:09,760 --> 00:09:12,080 Speaker 2: Donald Trump, why don't we put the first high density 176 00:09:12,120 --> 00:09:14,640 Speaker 2: housing development at mar A Lago. You got plenty of 177 00:09:14,720 --> 00:09:18,120 Speaker 2: land there, put it there. Bet that doesn't happen, Casey. 178 00:09:18,360 --> 00:09:21,920 Speaker 1: Renting preference is rising, and we've talked about this before. 179 00:09:22,120 --> 00:09:25,080 Speaker 1: Thirty three percent say if they were moving today, they 180 00:09:25,120 --> 00:09:26,040 Speaker 1: would choose. 181 00:09:25,760 --> 00:09:29,920 Speaker 3: To rent versus buying a house because they can't afford 182 00:09:29,920 --> 00:09:30,839 Speaker 3: the down payment on it. 183 00:09:30,880 --> 00:09:34,520 Speaker 2: But there's like renting is not a bad thing. They 184 00:09:34,600 --> 00:09:38,720 Speaker 2: always try to labeled as a negative thing. And I've 185 00:09:38,760 --> 00:09:41,440 Speaker 2: told the story before. But Pete the Planner, the financial guy, 186 00:09:41,480 --> 00:09:43,199 Speaker 2: who I think he still has a weekend show here 187 00:09:43,200 --> 00:09:46,440 Speaker 2: in WIBC. Years ago we had a conversation about this, 188 00:09:46,480 --> 00:09:48,600 Speaker 2: and I think he actually did it as a column 189 00:09:48,640 --> 00:09:51,680 Speaker 2: and on his show where he did the math. And 190 00:09:51,720 --> 00:09:54,199 Speaker 2: this was ten years ago when houses were much cheaper 191 00:09:54,200 --> 00:09:57,320 Speaker 2: than they are today, and he sort of debunked by 192 00:09:57,360 --> 00:09:59,440 Speaker 2: the time you factor in all the things you have 193 00:09:59,480 --> 00:10:03,800 Speaker 2: to do for home ownership, that it's even that great 194 00:10:03,840 --> 00:10:07,079 Speaker 2: of a deal. And for a young person, it's definitely 195 00:10:07,480 --> 00:10:09,880 Speaker 2: probably not a good deal, especially in today's economy. 196 00:10:10,000 --> 00:10:12,840 Speaker 3: They also touch on the labor market and economic trends. 197 00:10:12,880 --> 00:10:17,920 Speaker 1: So you've got the unofficial labor report that came out, 198 00:10:18,480 --> 00:10:21,880 Speaker 1: and it says pretty much that hiring and quit rates 199 00:10:21,960 --> 00:10:26,080 Speaker 1: are low, meaning people are sticking with the job even 200 00:10:26,120 --> 00:10:28,000 Speaker 1: if they don't like it, they don't want to be 201 00:10:28,080 --> 00:10:31,520 Speaker 1: there because hiring has slowed down. 202 00:10:34,520 --> 00:10:38,720 Speaker 2: Talking to somebody the other day who is in a 203 00:10:38,720 --> 00:10:44,560 Speaker 2: a desired but very targeted field in technology, and this 204 00:10:44,640 --> 00:10:48,079 Speaker 2: person has kind of had enough of their current situation. 205 00:10:48,360 --> 00:10:50,800 Speaker 2: Nothing bad, They're not in charge. They're just like, I 206 00:10:50,840 --> 00:10:53,040 Speaker 2: gotta I feel like I've got to move on right, 207 00:10:53,160 --> 00:10:55,720 Speaker 2: earned everything i can right, and this this job has 208 00:10:55,760 --> 00:10:57,080 Speaker 2: taken me as far as it's going to take me. 209 00:10:57,120 --> 00:10:59,480 Speaker 2: The employer is very happy with this person. There each 210 00:10:59,559 --> 00:11:02,840 Speaker 2: your cap salary probably yeah, they're they're fine with this person. 211 00:11:02,880 --> 00:11:04,600 Speaker 2: They just feel like, hey, it's probably time for me 212 00:11:04,640 --> 00:11:08,000 Speaker 2: to move on. And they were telling me about the 213 00:11:08,160 --> 00:11:12,360 Speaker 2: struggles that they are having now compared to three or 214 00:11:12,400 --> 00:11:17,360 Speaker 2: four years ago, when this person arguably is now more 215 00:11:17,400 --> 00:11:21,079 Speaker 2: desired because their skill set is better, theirs certifications whatever, 216 00:11:21,679 --> 00:11:24,960 Speaker 2: and it was interesting conversation to have with this person 217 00:11:25,520 --> 00:11:32,680 Speaker 2: about how tightened even the in demand markets are. And 218 00:11:32,720 --> 00:11:34,880 Speaker 2: so if you're in a market that's not in demand, yeah, 219 00:11:35,280 --> 00:11:36,520 Speaker 2: I can't imagine what it is. 220 00:11:36,600 --> 00:11:40,599 Speaker 1: Well, yeah, I mean, hiring is clearly slowing and unemployment 221 00:11:41,000 --> 00:11:44,439 Speaker 1: still low ish, right, so where are you going to go? 222 00:11:44,880 --> 00:11:46,880 Speaker 1: People are taken forever to hire a job. You just 223 00:11:47,000 --> 00:11:49,200 Speaker 1: you're going to stay and hug the one you have. 224 00:11:49,440 --> 00:11:56,520 Speaker 2: So then this comes back to Trump's manipulation of the economy, 225 00:11:56,520 --> 00:11:59,560 Speaker 2: which is exactly what they did during COVID, which they 226 00:11:59,600 --> 00:12:03,800 Speaker 2: are now acknowledging that the tear without saying and he's 227 00:12:03,800 --> 00:12:05,319 Speaker 2: never going to say it, but he's acknowledging that the 228 00:12:05,400 --> 00:12:08,360 Speaker 2: tariffs are harming the economy. So instead of manning up 229 00:12:08,400 --> 00:12:10,760 Speaker 2: to the American people and actually having to earn it 230 00:12:10,840 --> 00:12:12,960 Speaker 2: and sell it and explain why it's going to work 231 00:12:13,000 --> 00:12:16,199 Speaker 2: long term and take the blow, their response is I'm 232 00:12:16,200 --> 00:12:19,520 Speaker 2: going to strong arm the Federal Reserve into cutting interest rates, 233 00:12:19,720 --> 00:12:22,720 Speaker 2: which all that does is let mega corpse and big 234 00:12:22,760 --> 00:12:25,880 Speaker 2: business people get access to cheaper money, which means your 235 00:12:25,920 --> 00:12:31,080 Speaker 2: money becomes worthless, and then they'll artificially goose the economy 236 00:12:31,120 --> 00:12:32,959 Speaker 2: and go look, at how great the economy is when 237 00:12:33,000 --> 00:12:34,679 Speaker 2: the reality is you'll pay for it through inflation.