1
00:00:05,200 --> 00:00:10,280
Speaker 1: Lie from the Heartland and the crossroads of America.

2
00:00:10,560 --> 00:00:14,760
Speaker 2: It's Tony Katz today. Another day, another lie put forth

3
00:00:14,840 --> 00:00:18,720
Speaker 2: by the American left about immigrations and customs enforcement. This

4
00:00:18,880 --> 00:00:23,160
Speaker 2: time the lie comes from Representative Acossio Cortes.

5
00:00:23,960 --> 00:00:26,720
Speaker 3: But you, obviously greet ice should be abolished. But there

6
00:00:26,720 --> 00:00:29,400
Speaker 3: many in your party are not coined that far. Is

7
00:00:29,400 --> 00:00:30,319
Speaker 3: that a problem to you?

8
00:00:30,840 --> 00:00:36,280
Speaker 4: I think any step in the direction of reining in

9
00:00:36,479 --> 00:00:39,840
Speaker 4: and cutting the funding of an agency that is attacking

10
00:00:40,120 --> 00:00:44,120
Speaker 4: US citizens, that are kidnapping five year olds, that are

11
00:00:44,240 --> 00:00:47,040
Speaker 4: using them as bait to open doors, and that are

12
00:00:47,080 --> 00:00:53,280
Speaker 4: privately circulating that they can violate everyday americans constitutional rights

13
00:00:53,320 --> 00:00:56,240
Speaker 4: by busting into their doors. They deserve to be defunded.

14
00:00:56,520 --> 00:00:59,040
Speaker 4: I'll take and I'll take any step in that direction.

15
00:00:59,200 --> 00:01:01,080
Speaker 3: Are you f yes, except your lying.

16
00:01:02,240 --> 00:01:04,880
Speaker 2: Does the Constitution extend to people who are here illegally,

17
00:01:04,920 --> 00:01:08,399
Speaker 2: who violated the law? Don't we have an obligation under

18
00:01:08,400 --> 00:01:10,800
Speaker 2: the law to remove those people from the country. Yet

19
00:01:10,840 --> 00:01:14,000
Speaker 2: somehow they're supposed to get extra protections. And of this

20
00:01:14,120 --> 00:01:17,720
Speaker 2: five year old story, Well that's the lie. Tony kas

21
00:01:17,800 --> 00:01:19,920
Speaker 2: Tony Kax today, good to be here, Good to be

22
00:01:20,000 --> 00:01:20,280
Speaker 2: with you.

23
00:01:21,160 --> 00:01:22,319
Speaker 3: There are a lot of.

24
00:01:22,240 --> 00:01:27,320
Speaker 2: Democrats who now want to push this as the latest story.

25
00:01:27,800 --> 00:01:32,679
Speaker 2: These ICE agents are violating the law, and what they're

26
00:01:32,680 --> 00:01:37,319
Speaker 2: doing is reprehensible, and they're violating the Constitution, and we

27
00:01:37,440 --> 00:01:40,360
Speaker 2: fought the British about this. I swear to you this

28
00:01:40,520 --> 00:01:44,000
Speaker 2: was Senator Richard Blumenthal from Connecticut, a man who lied

29
00:01:44,000 --> 00:01:47,520
Speaker 2: about serving in Vietnam and his service there. I should say, listen.

30
00:01:47,600 --> 00:01:48,520
Speaker 3: Consider who you was.

31
00:01:48,560 --> 00:01:50,960
Speaker 5: You and your officer received it for a whistleblower this memo,

32
00:01:51,080 --> 00:01:53,120
Speaker 5: So tell us more about it and what the next

33
00:01:53,120 --> 00:01:58,800
Speaker 5: steps could be how using him this memo was profoundly important, Jonathan,

34
00:01:58,880 --> 00:02:03,480
Speaker 5: because America and should be really afraid that the top

35
00:02:03,720 --> 00:02:07,280
Speaker 5: officials of our United States government, and this memo was

36
00:02:07,320 --> 00:02:12,519
Speaker 5: written by Todd Lyons, the acting director of ICE. Michael

37
00:02:12,560 --> 00:02:16,480
Speaker 5: was absolutely right. We are at a very unique and

38
00:02:16,600 --> 00:02:21,239
Speaker 5: perilous moment in our democracy because ICE and the Secretary

39
00:02:21,480 --> 00:02:27,720
Speaker 5: of Homeland Security have adopted a policy that authorizes agents

40
00:02:27,800 --> 00:02:32,560
Speaker 5: to break down your door and roam through your house,

41
00:02:33,560 --> 00:02:37,040
Speaker 5: terrifying your children, arresting or detaining you even when you're

42
00:02:37,040 --> 00:02:38,200
Speaker 5: in a United States citizen.

43
00:02:38,800 --> 00:02:40,119
Speaker 3: Oh Hoo, ho ho ho.

44
00:02:40,600 --> 00:02:43,079
Speaker 2: First of all, since when has our government cared about

45
00:02:43,080 --> 00:02:45,840
Speaker 2: whether or not they terrified children. Did you care about

46
00:02:45,919 --> 00:02:50,800
Speaker 2: terrifying Elien Gonzales. No, no, no, no, no, no, no, not

47
00:02:50,960 --> 00:02:53,040
Speaker 2: at all. As a matter of fact, our government has

48
00:02:53,080 --> 00:02:57,359
Speaker 2: gone to outrageous lengths to terrify children. What was COVID

49
00:02:57,560 --> 00:02:59,720
Speaker 2: What with telling them that the planet was going to

50
00:02:59,800 --> 00:03:02,720
Speaker 2: die if your parents turned on the air conditioning and

51
00:03:02,760 --> 00:03:09,400
Speaker 2: the green scam? Terrifying children, my gosh, a lot of

52
00:03:09,440 --> 00:03:11,080
Speaker 2: people in government have gotten pretty good at that.

53
00:03:11,160 --> 00:03:12,800
Speaker 3: Now you say to me, I'm being callous.

54
00:03:13,639 --> 00:03:16,839
Speaker 2: You know, I'm making a point if you are going

55
00:03:16,919 --> 00:03:20,680
Speaker 2: to tell me that ICE has the capability, or should

56
00:03:20,680 --> 00:03:23,200
Speaker 2: have the capability, to walk into the home of a

57
00:03:23,280 --> 00:03:29,600
Speaker 2: US citizen without any forethought, without any warrant, without any inkling,

58
00:03:31,400 --> 00:03:34,040
Speaker 2: break down a door, rifle through stuff, and keep American

59
00:03:34,040 --> 00:03:37,640
Speaker 2: citizens a gunpoint, I would say to you, I think

60
00:03:37,680 --> 00:03:41,120
Speaker 2: that those ICE agents not just get fired, not just jail,

61
00:03:41,280 --> 00:03:45,680
Speaker 2: but everybody associated with ICE should suffer consequences that I

62
00:03:45,720 --> 00:03:50,720
Speaker 2: cannot say on the air, that's not what is happening.

63
00:03:52,320 --> 00:03:54,600
Speaker 2: You will get me to be shoulders shoulder with you

64
00:03:54,840 --> 00:03:58,280
Speaker 2: or anybody else if we're discussing whether or not American

65
00:03:58,320 --> 00:04:01,440
Speaker 2: citizens are having their rights violated. I don't stand for

66
00:04:01,480 --> 00:04:07,560
Speaker 2: that stuff. Now, if there is an operation going on

67
00:04:08,120 --> 00:04:10,520
Speaker 2: and police are have to and law enforcement have to

68
00:04:10,520 --> 00:04:14,720
Speaker 2: figure out who's who, I always get bothered by that stuff.

69
00:04:14,760 --> 00:04:17,839
Speaker 2: But one could argue that that is the course of business,

70
00:04:19,000 --> 00:04:20,960
Speaker 2: and I'm not saying that it's still not.

71
00:04:21,040 --> 00:04:22,719
Speaker 3: You took my time, and you know I didn't do

72
00:04:22,720 --> 00:04:23,359
Speaker 3: anything wrong.

73
00:04:24,839 --> 00:04:28,080
Speaker 2: Notice that I set up a parameter in the course

74
00:04:28,120 --> 00:04:31,960
Speaker 2: of doing the investigation, course of engaging the arrest of

75
00:04:32,360 --> 00:04:36,039
Speaker 2: somebody else was there disrupting interrupting was thought to be

76
00:04:36,120 --> 00:04:39,600
Speaker 2: connected to We do give deference to the police in

77
00:04:40,000 --> 00:04:42,520
Speaker 2: this regard all the time and all sorts of crimes.

78
00:04:43,760 --> 00:04:47,039
Speaker 2: I don't get me wrong, I'm bothered by it, but

79
00:04:47,120 --> 00:04:49,480
Speaker 2: I think even the courts and lawyds would rule against

80
00:04:49,520 --> 00:04:51,880
Speaker 2: me and the officer could assume this.

81
00:04:52,120 --> 00:04:55,039
Speaker 3: Therefore, did that figured this out and you were let go.

82
00:04:55,720 --> 00:04:58,760
Speaker 2: My biggest issue with law enforcement in case she did

83
00:04:58,800 --> 00:05:02,560
Speaker 2: not know this is supportive, But I do not like

84
00:05:02,640 --> 00:05:06,240
Speaker 2: law enforcement attitude. I don't like the ego. I don't

85
00:05:06,279 --> 00:05:08,120
Speaker 2: like the tough guy. I don't like the presentation. I

86
00:05:08,120 --> 00:05:10,240
Speaker 2: don't like the disrespect. And if you say to me, Tony,

87
00:05:10,279 --> 00:05:12,800
Speaker 2: that doesn't happen. I will show you a couple of

88
00:05:12,839 --> 00:05:14,600
Speaker 2: things that get passed around on the.

89
00:05:14,560 --> 00:05:16,320
Speaker 3: Interwebs, and it does happen.

90
00:05:16,600 --> 00:05:19,279
Speaker 2: And what I would like to see is more direct

91
00:05:19,320 --> 00:05:23,040
Speaker 2: action taken against those abusive officers, so we can see

92
00:05:23,080 --> 00:05:27,280
Speaker 2: that action is being taken, that there's a clearly a

93
00:05:28,000 --> 00:05:30,800
Speaker 2: mindset and an attitude that has to happen if you're

94
00:05:30,839 --> 00:05:34,080
Speaker 2: engaged in this business, absolutely and you're measuring a whole

95
00:05:34,080 --> 00:05:36,400
Speaker 2: bunch of factors. And also you have to engage a

96
00:05:36,480 --> 00:05:39,080
Speaker 2: training that has you trying to keep things at a cool,

97
00:05:39,080 --> 00:05:41,359
Speaker 2: calm level. That's different than whether or not you have

98
00:05:41,440 --> 00:05:44,360
Speaker 2: to do the job itself. And that's where even I

99
00:05:44,400 --> 00:05:47,960
Speaker 2: have to constantly remind myself. The job is apprehend the criminal.

100
00:05:48,960 --> 00:05:50,760
Speaker 2: And the criminal here is the person who has broken

101
00:05:50,800 --> 00:05:53,240
Speaker 2: the law, and very often they are criminals. Certainly not

102
00:05:53,360 --> 00:05:56,080
Speaker 2: every time, but very often. And when they've broken the

103
00:05:56,160 --> 00:05:57,880
Speaker 2: law to come into the country, you can make the

104
00:05:57,920 --> 00:06:00,360
Speaker 2: blank at case. I hear you, I heard you. Imediately,

105
00:06:00,360 --> 00:06:02,760
Speaker 2: I'm not saying you're wrong that they are criminals. They've

106
00:06:02,760 --> 00:06:06,960
Speaker 2: broken the law. Remember, this starts everything with immigrations and

107
00:06:07,000 --> 00:06:10,599
Speaker 2: customs enforcement starts with a basic premise from the left

108
00:06:11,640 --> 00:06:17,160
Speaker 2: entering the country illegally is not a criminal act. It

109
00:06:17,200 --> 00:06:19,479
Speaker 2: was Don Lemon who should be arrested, by the way, saying,

110
00:06:19,520 --> 00:06:21,400
Speaker 2: you know, it's not criminal, it's just a misdemeanor.

111
00:06:22,680 --> 00:06:22,880
Speaker 3: Dude.

112
00:06:22,920 --> 00:06:25,599
Speaker 2: A misdemeanor is criminal. Misdemeanor is breaking the law. He

113
00:06:25,720 --> 00:06:31,279
Speaker 2: meant to say, felony. That part doesn't matter is what

114
00:06:31,480 --> 00:06:34,840
Speaker 2: is the law? You entered illegally, you have to go.

115
00:06:35,680 --> 00:06:39,360
Speaker 2: That's a standard. And I want to make sure I'm

116
00:06:39,360 --> 00:06:44,080
Speaker 2: clear again. I want a better path for legal immigration.

117
00:06:44,760 --> 00:06:47,560
Speaker 2: I want people speaking about these things as the two

118
00:06:47,600 --> 00:06:50,360
Speaker 2: things they are. And I would push back on anybody

119
00:06:50,400 --> 00:06:53,000
Speaker 2: on the right who says we don't need legal immigration.

120
00:06:53,279 --> 00:06:57,320
Speaker 2: Absolutely we want it and we do need it, but

121
00:06:57,400 --> 00:07:00,640
Speaker 2: I think we can be selective about it. I think

122
00:07:00,720 --> 00:07:04,040
Speaker 2: we could say some countries are a no go. I

123
00:07:04,040 --> 00:07:06,440
Speaker 2: think we can say some cultures are a no go

124
00:07:07,240 --> 00:07:10,640
Speaker 2: because of past history until we create an even better

125
00:07:10,680 --> 00:07:14,200
Speaker 2: system in our vetting. And I think we could say

126
00:07:14,280 --> 00:07:17,320
Speaker 2: we have needs and we have wants, and certainly there

127
00:07:17,320 --> 00:07:19,880
Speaker 2: are people out there who are refugees, and we are

128
00:07:19,920 --> 00:07:22,640
Speaker 2: an open and welcoming and loving and giving, an unbelievably

129
00:07:22,720 --> 00:07:26,720
Speaker 2: charitable nation. That's fact. It's clear as day. But we

130
00:07:26,800 --> 00:07:29,360
Speaker 2: don't have to say yes to everything. We do not

131
00:07:29,480 --> 00:07:32,120
Speaker 2: have to engage in a suicide pact because of a

132
00:07:32,160 --> 00:07:37,720
Speaker 2: poem on the Statue of Liberty. That's not true. And

133
00:07:37,760 --> 00:07:42,920
Speaker 2: this idea that somehow you can't walk into a domicile

134
00:07:43,280 --> 00:07:45,400
Speaker 2: where an illegal immigrant is because it's a violation of

135
00:07:45,440 --> 00:07:48,600
Speaker 2: the Constitution. The Constitution is not a suicide pact, and

136
00:07:48,680 --> 00:07:54,040
Speaker 2: it does not belong to the illegal immigrant. But let's

137
00:07:54,080 --> 00:07:56,640
Speaker 2: go back to the guy who lied about his service

138
00:07:56,680 --> 00:07:58,360
Speaker 2: in Vietnam, Richard Blumenthal.

139
00:07:59,840 --> 00:08:05,040
Speaker 5: Way, that is absolutely abhorrent morally and politically and legally.

140
00:08:05,600 --> 00:08:10,560
Speaker 5: And so the question is will Americans tolerate this kind

141
00:08:10,600 --> 00:08:13,440
Speaker 5: of lawlessness at the highest level of government. Maybe it

142
00:08:13,480 --> 00:08:16,640
Speaker 5: will go before a judge at some point, but the

143
00:08:17,160 --> 00:08:20,800
Speaker 5: judge's approval of a warrant is absolutely critical when they

144
00:08:20,840 --> 00:08:24,320
Speaker 5: are entering your home without your consent. You know, we

145
00:08:24,320 --> 00:08:27,280
Speaker 5: re vaulted against the British because of this principle. The

146
00:08:27,320 --> 00:08:30,640
Speaker 5: Fourth Amendment, the right to be let alone is a

147
00:08:30,680 --> 00:08:35,520
Speaker 5: libertarian view. Joe expressed earlier in the program that his

148
00:08:35,679 --> 00:08:42,240
Speaker 5: Republican Party insisted on the fight against government overreach. Well,

149
00:08:42,720 --> 00:08:45,960
Speaker 5: this memo embodies government overreach.

150
00:08:47,679 --> 00:08:51,520
Speaker 2: The overreach of governments is something we should all be

151
00:08:51,760 --> 00:08:56,679
Speaker 2: concerned about. And I don't mind if people are keeping

152
00:08:56,720 --> 00:09:00,000
Speaker 2: an eye on eyes to ensure that citizens' rights are protected.

153
00:09:00,120 --> 00:09:05,120
Speaker 2: It but what an argument to make that The Biden

154
00:09:05,160 --> 00:09:07,839
Speaker 2: administration and other administrations in the past, but we'll talk

155
00:09:07,840 --> 00:09:11,280
Speaker 2: about Biden for the sake of this conversation, spends no

156
00:09:11,360 --> 00:09:13,760
Speaker 2: time defending the border. Lied to us about saying the

157
00:09:13,760 --> 00:09:19,160
Speaker 2: border was secure, allowed millions of people illegally into the country,

158
00:09:19,679 --> 00:09:22,040
Speaker 2: and somehow it is wrong for us to remove them.

159
00:09:22,200 --> 00:09:25,000
Speaker 3: That that is the part that is unacceptable.

160
00:09:25,440 --> 00:09:29,640
Speaker 2: Somehow our border and the laws we have about crossing

161
00:09:29,679 --> 00:09:33,800
Speaker 2: the border are inconsequential. But now every one of our

162
00:09:33,880 --> 00:09:36,800
Speaker 2: laws matters greatly in the protection of people who are

163
00:09:36,800 --> 00:09:41,920
Speaker 2: not citizens. That's the argument that Richard Blumenthal is making.

164
00:09:43,280 --> 00:09:47,439
Speaker 2: We revolted against the British because of this principle. We

165
00:09:47,480 --> 00:09:52,840
Speaker 2: revolted against the British because of taxation without representation, because

166
00:09:52,880 --> 00:09:57,520
Speaker 2: they taxed our tea and they taxed our paper. If

167
00:09:57,559 --> 00:10:01,480
Speaker 2: the Democrat Richer Blumenthal will wants to get into subjects

168
00:10:01,840 --> 00:10:06,440
Speaker 2: reasons why we should revolt, oh kitten, we've got ourselves

169
00:10:06,520 --> 00:10:10,040
Speaker 2: a story. You know, I will bet you your list

170
00:10:10,120 --> 00:10:13,200
Speaker 2: is longer than my list. My list is freaking huge.

171
00:10:14,679 --> 00:10:18,439
Speaker 2: My list is off the charts. It's like one of

172
00:10:18,520 --> 00:10:21,680
Speaker 2: those comedy scrolls, you know, you just drop it down.

173
00:10:21,760 --> 00:10:24,520
Speaker 2: It rolls down the street like a roll of toilet paper.

174
00:10:24,600 --> 00:10:26,679
Speaker 2: And I'm not talking about the stuff you get the airport.

175
00:10:26,880 --> 00:10:30,080
Speaker 2: I'm talking about the two ply extra big Sharman roll

176
00:10:30,280 --> 00:10:31,320
Speaker 2: that feels so good.

177
00:10:31,440 --> 00:10:33,280
Speaker 3: I don't need to get into it anymore than that

178
00:10:33,440 --> 00:10:36,640
Speaker 3: just rolls on down. That list is full, and I

179
00:10:36,720 --> 00:10:39,360
Speaker 3: think your list is longer than mine.

180
00:10:39,640 --> 00:10:44,040
Speaker 2: But not only are they engaged in a horrific misrepresentation here,

181
00:10:44,880 --> 00:10:49,600
Speaker 2: they engage this, this lie, this fraud. A five year

182
00:10:49,640 --> 00:10:55,760
Speaker 2: old was taken into into custody, a five year old

183
00:10:56,040 --> 00:10:59,920
Speaker 2: was arrested, a five year old was used as bait.

184
00:11:00,720 --> 00:11:04,240
Speaker 2: No part of that was true. Apartment of Homeland Security,

185
00:11:04,640 --> 00:11:10,480
Speaker 2: Trisha McLoughlin, she is the assistant secretary, deputy secretary, and

186
00:11:10,800 --> 00:11:14,160
Speaker 2: she engaged this conversation on Newsmax.

187
00:11:14,280 --> 00:11:16,760
Speaker 6: And this is a horrific smear that we're seeing the

188
00:11:16,800 --> 00:11:20,600
Speaker 6: mainstream media and politicians on the left, including Kamala Harris

189
00:11:20,840 --> 00:11:25,079
Speaker 6: take and run with the facts are actually that this

190
00:11:25,520 --> 00:11:28,079
Speaker 6: little boy was abandoned by his own father. His own

191
00:11:28,120 --> 00:11:32,120
Speaker 6: father was being approached by ICE agents when he started

192
00:11:32,480 --> 00:11:35,839
Speaker 6: ran and abandoned the child. Our law enforcement, in these

193
00:11:35,880 --> 00:11:38,920
Speaker 6: frigid temperatures, stayed with the child, tried to bring him

194
00:11:39,040 --> 00:11:42,120
Speaker 6: into custody with the mother, who actually would not take

195
00:11:42,160 --> 00:11:45,640
Speaker 6: the child into custody, which is so sad, so horrific.

196
00:11:45,840 --> 00:11:49,200
Speaker 6: Our law enforcement officers actually were taking care of the child,

197
00:11:49,280 --> 00:11:52,320
Speaker 6: brought him to McDonald. We're playing his favorite music to

198
00:11:52,360 --> 00:11:53,360
Speaker 6: really calm him down.

199
00:11:53,559 --> 00:11:54,760
Speaker 2: This is as Mark.

200
00:11:55,080 --> 00:11:59,440
Speaker 6: There's major riots forming around our law enforcement officers. That

201
00:11:59,520 --> 00:12:02,480
Speaker 6: is her horendous that the child is having to face this,

202
00:12:02,600 --> 00:12:04,840
Speaker 6: But our law enforcement officers were taking care of him

203
00:12:04,880 --> 00:12:07,880
Speaker 6: and he's now reunited with his father in a federal

204
00:12:08,320 --> 00:12:09,360
Speaker 6: processing facility.

205
00:12:11,160 --> 00:12:17,760
Speaker 2: So they lie. They always lie. Look at what Ice did.

206
00:12:17,840 --> 00:12:20,240
Speaker 2: Turns out Ice didn't do that. Look at how Ice

207
00:12:20,280 --> 00:12:24,040
Speaker 2: handle this, turns out didn't do that. The lying is

208
00:12:24,280 --> 00:12:29,480
Speaker 2: the point. While I can concede because I'm a rational person,

209
00:12:30,400 --> 00:12:32,520
Speaker 2: that we should keep an eye on all law enforcement

210
00:12:32,559 --> 00:12:35,120
Speaker 2: and make sure that they are living up to the job,

211
00:12:35,240 --> 00:12:39,720
Speaker 2: doing it right and not abusing American citizens, what the

212
00:12:39,840 --> 00:12:43,040
Speaker 2: left does is lie about everything ICE does because they

213
00:12:43,080 --> 00:12:47,000
Speaker 2: want to gin up and foment more violence against Ice.

214
00:12:47,600 --> 00:12:50,400
Speaker 2: They believe that this is a political winner. This goes

215
00:12:50,440 --> 00:12:54,160
Speaker 2: back to Ed Morrissey's conversation yesterday.

216
00:12:53,960 --> 00:12:56,319
Speaker 3: Which I think for a lot of people is very unsettling.

217
00:12:57,240 --> 00:13:01,640
Speaker 2: His argument is that people don't like chaos, and they

218
00:13:01,679 --> 00:13:05,600
Speaker 2: blame the party in charge for the chaos. But yet

219
00:13:05,640 --> 00:13:08,040
Speaker 2: if the party in charge does something about the chaos,

220
00:13:08,280 --> 00:13:11,000
Speaker 2: that is in and of itself chaos, and people will

221
00:13:11,040 --> 00:13:14,880
Speaker 2: blame the party in charge. So the left believes it

222
00:13:14,960 --> 00:13:18,400
Speaker 2: has the ability to move with impunity and create all

223
00:13:18,400 --> 00:13:22,480
Speaker 2: the chaos they can because it's good for them. That

224
00:13:22,679 --> 00:13:25,640
Speaker 2: argument to me, and it bothered me. I said it

225
00:13:25,679 --> 00:13:27,560
Speaker 2: was gonna keep me up. It didn't keep me up.

226
00:13:28,679 --> 00:13:31,920
Speaker 2: I slept okay. The argument, to me is a Hamas argument.

227
00:13:32,720 --> 00:13:35,960
Speaker 2: Hamas's argument is if we kill a Jew, it's good

228
00:13:35,960 --> 00:13:39,480
Speaker 2: for us. If a Jew kills a Palestinian, it's good

229
00:13:39,520 --> 00:13:45,680
Speaker 2: for us. Oh, it's the same argument, isn't it. Walk

230
00:13:45,720 --> 00:13:46,319
Speaker 2: yourself there?

231
00:13:46,400 --> 00:13:49,280
Speaker 3: Let's see if that keeps you up at night, Holy Crown.

232
00:13:49,520 --> 00:13:54,560
Speaker 2: I mean Edg's argument is kind of fascinating, and it's frustrating,

233
00:13:54,600 --> 00:13:58,600
Speaker 2: And that's the sign of a good argument that you're frustrated.

234
00:13:58,600 --> 00:14:02,800
Speaker 2: By it, but you can't totally deny it. I don't

235
00:14:02,840 --> 00:14:08,200
Speaker 2: believe that if the chaos is put to bed that

236
00:14:08,280 --> 00:14:11,880
Speaker 2: people don't reward that. But let's argue that they don't.

237
00:14:12,000 --> 00:14:15,040
Speaker 2: That putting an end to the chaos will be seen

238
00:14:15,080 --> 00:14:17,680
Speaker 2: as more chaos, and that will affect the party in power.

239
00:14:18,280 --> 00:14:21,840
Speaker 2: As long as the chaos ends within the confines of

240
00:14:21,840 --> 00:14:25,760
Speaker 2: the law. As long as the chaos ends, you're attacking

241
00:14:25,800 --> 00:14:28,880
Speaker 2: ICE agents, you go to jail. We utilize force to

242
00:14:28,920 --> 00:14:32,800
Speaker 2: bust up all violent rallies. People want to protest tech, yes,

243
00:14:32,840 --> 00:14:35,920
Speaker 2: they've got their First Amendment rights. You break anything, we

244
00:14:36,000 --> 00:14:40,360
Speaker 2: get into major arrests. We break it up with force.

245
00:14:41,080 --> 00:14:43,080
Speaker 2: You try to pin an ICE agent in their car,

246
00:14:43,400 --> 00:14:46,920
Speaker 2: you get arrested, you get tased. Whatever happens happens. We

247
00:14:47,000 --> 00:14:50,320
Speaker 2: simply don't take it. We have shown by the way

248
00:14:50,320 --> 00:14:54,120
Speaker 2: the data shows that when these these protests start and

249
00:14:54,200 --> 00:14:58,280
Speaker 2: these mobs start, and all these lefty mayors were like, well, no,

250
00:14:58,400 --> 00:15:00,640
Speaker 2: just let them do this and then and they'll tire

251
00:15:00,680 --> 00:15:03,720
Speaker 2: themselves out, it's not how it works. It actually increases

252
00:15:03,760 --> 00:15:06,280
Speaker 2: the amount of violence that comes. It has to be

253
00:15:06,440 --> 00:15:12,880
Speaker 2: ended before it starts. In that incubation period, the data

254
00:15:13,040 --> 00:15:17,360
Speaker 2: is there. I believe you end the chaos, so the

255
00:15:17,440 --> 00:15:24,000
Speaker 2: chaos ends, and what is chaos entering a church? Police

256
00:15:24,000 --> 00:15:27,480
Speaker 2: should have been there in thirty seconds, and every single

257
00:15:27,640 --> 00:15:30,240
Speaker 2: so called protester should have been pinned against a wall

258
00:15:30,240 --> 00:15:34,440
Speaker 2: and handcuffed right there, and then no one should have

259
00:15:34,440 --> 00:15:41,640
Speaker 2: been allowed to leave. You're blocking traffic, immediately ripped out

260
00:15:41,680 --> 00:15:43,520
Speaker 2: of your car and arrested. You try and run a

261
00:15:43,560 --> 00:15:47,240
Speaker 2: cop over, immediately ripped out of your car and arrested

262
00:15:47,400 --> 00:15:49,960
Speaker 2: if the cop isn't fearing for his life, and then

263
00:15:50,200 --> 00:15:54,280
Speaker 2: sadly opening fire because you decided to be a fool.

264
00:15:56,560 --> 00:15:57,680
Speaker 3: I don't think that we.

265
00:15:57,680 --> 00:16:00,120
Speaker 2: Should lose sight of the fact that the way the

266
00:16:00,200 --> 00:16:03,240
Speaker 2: left is presented themselves is we have the right to

267
00:16:03,320 --> 00:16:07,560
Speaker 2: be violent anytime you do anything that we don't like.

268
00:16:07,920 --> 00:16:11,440
Speaker 2: That's their argument, that the violence is acceptable because of

269
00:16:11,480 --> 00:16:14,520
Speaker 2: what somebody else does, not that they have to have

270
00:16:14,560 --> 00:16:18,640
Speaker 2: any control of how they act themselves. That's the argument

271
00:16:18,680 --> 00:16:22,400
Speaker 2: they're making with America, and that argument's a winner. I reject.

272
00:16:23,520 --> 00:16:28,600
Speaker 2: But they lie to make their argument, they misrepresent to

273
00:16:28,680 --> 00:16:32,520
Speaker 2: make their arguments, and these news outlets go with them.

274
00:16:34,120 --> 00:16:37,400
Speaker 2: They go with them by the way they're worried about

275
00:16:37,440 --> 00:16:42,400
Speaker 2: terrorizing children. Does anybody ever worry about terrorizing children? When

276
00:16:42,480 --> 00:16:46,040
Speaker 2: the IRS engages an arrest for tax evasion, you do

277
00:16:46,080 --> 00:16:47,760
Speaker 2: that right in front of the kids. Right if you

278
00:16:47,880 --> 00:16:51,760
Speaker 2: thought some white collar guy was dealing drugs, you'd go

279
00:16:51,840 --> 00:16:54,480
Speaker 2: in there with the ATF. You wouldn't care if the

280
00:16:54,520 --> 00:16:58,920
Speaker 2: teenage daughter was in the shower. You think I believe

281
00:16:58,920 --> 00:17:03,160
Speaker 2: the government cares. They tell children nothing about them has

282
00:17:03,200 --> 00:17:06,399
Speaker 2: shown me that I'm a believer in government. I'm a

283
00:17:06,400 --> 00:17:08,760
Speaker 2: believer in Article one, Section eight. I'm a liberty guy,

284
00:17:08,840 --> 00:17:11,480
Speaker 2: not a freedom guy, which means I believe in certain

285
00:17:11,520 --> 00:17:14,520
Speaker 2: guardrails that give us the maximum amount of liberty with

286
00:17:14,600 --> 00:17:17,080
Speaker 2: the least amount of infringement, but sets the rules of.

287
00:17:17,080 --> 00:17:19,280
Speaker 3: The road and allows everybody to lead a better life.

288
00:17:19,359 --> 00:17:19,679
Speaker 3: That's me.

289
00:17:20,720 --> 00:17:24,320
Speaker 2: No, I don't believe that the political left believes what

290
00:17:24,400 --> 00:17:27,600
Speaker 2: I believe, and they are lying to try and get

291
00:17:27,640 --> 00:17:30,639
Speaker 2: their way. I think we should call it reprehensible. I

292
00:17:30,640 --> 00:17:32,399
Speaker 2: think we should call it out. I think I should

293
00:17:32,400 --> 00:17:35,560
Speaker 2: continue its work and remember that election day is November third.

294
00:17:35,920 --> 00:17:37,159
Speaker 3: This is Tony Katz today.

295
00:17:37,400 --> 00:17:39,240
Speaker 2: So it seems that storm is going to be an

296
00:17:39,280 --> 00:17:42,560
Speaker 2: absolute doozy. And yes, it did force me to postpone

297
00:17:42,640 --> 00:17:45,400
Speaker 2: my event Trump one year later now will be held

298
00:17:45,480 --> 00:17:49,720
Speaker 2: on February twenty eighth. Tony Katz, Tony Katz Today, if

299
00:17:49,760 --> 00:17:53,040
Speaker 2: you have tickets and you needed to get a refund

300
00:17:53,040 --> 00:17:54,800
Speaker 2: because you can't make that day, everything should be on

301
00:17:54,840 --> 00:17:57,080
Speaker 2: the email that was sent to you from event Bright.

302
00:17:57,119 --> 00:17:59,600
Speaker 2: It stinks that we had to post phone, but I mean,

303
00:18:00,119 --> 00:18:03,919
Speaker 2: snow totals here in my beloved Indianapolis increased greatly. But

304
00:18:04,040 --> 00:18:07,320
Speaker 2: man from from Tulsa all the way through to the

305
00:18:07,359 --> 00:18:11,160
Speaker 2: east coast, this thing is just looking like a monster.

306
00:18:11,320 --> 00:18:13,320
Speaker 2: And how the cold air is coming down, the warm

307
00:18:13,359 --> 00:18:16,480
Speaker 2: air is meeting it, everything that was coming from the west,

308
00:18:16,480 --> 00:18:18,600
Speaker 2: and it's just it's all set up to be freezing

309
00:18:18,680 --> 00:18:23,320
Speaker 2: and ugly. Now the snow itself, as I'm told by meteorologists,

310
00:18:24,440 --> 00:18:28,119
Speaker 2: is gonna be powdery. It's gonna be very Hunter Biden snow.

311
00:18:28,600 --> 00:18:31,920
Speaker 2: And so what I thought that was the technical term.

312
00:18:31,960 --> 00:18:35,040
Speaker 2: I'm sorry, it's not gonna be the wet snow, which

313
00:18:35,080 --> 00:18:37,880
Speaker 2: means it's gonna blow all over the place, so it'll

314
00:18:37,880 --> 00:18:40,399
Speaker 2: be easy to get off the driveway, I guess. But

315
00:18:40,440 --> 00:18:43,080
Speaker 2: now it's gonna blow into somebody else's driveway and over

316
00:18:43,080 --> 00:18:45,040
Speaker 2: and over and over again. That's how it's gonna go

317
00:18:45,200 --> 00:18:46,960
Speaker 2: so and it's gonna be so cold in a lot

318
00:18:46,960 --> 00:18:51,879
Speaker 2: of places. That's not gonna melt. It's right, it's just

319
00:18:51,920 --> 00:18:54,399
Speaker 2: gonna blow from place to place. It's not gonna melt.

320
00:18:54,720 --> 00:18:58,880
Speaker 2: It's gonna be such a giant pain in the butt.

321
00:19:00,000 --> 00:19:02,840
Speaker 2: So is it gonna stink? Really depending on where you are.

322
00:19:03,200 --> 00:19:05,960
Speaker 2: But yeah, really we're seeing those temperatures are gonna below freezing.

323
00:19:06,040 --> 00:19:08,720
Speaker 2: So yeah, it's gonna mean, it's gonna come. It's already

324
00:19:08,800 --> 00:19:10,760
Speaker 2: hitting for some people. It's gonna be a weird, weird

325
00:19:10,800 --> 00:19:13,520
Speaker 2: few days in America. And of course New Yorkers are

326
00:19:13,560 --> 00:19:15,479
Speaker 2: gonna play in the loudest. We're gonna be like whatever,

327
00:19:16,200 --> 00:19:18,720
Speaker 2: whatever it happens to you, somehow, it's the end of

328
00:19:18,760 --> 00:19:20,639
Speaker 2: the world. It happens to everybody else. Well, that's what

329
00:19:20,680 --> 00:19:23,439
Speaker 2: you get for not living in New York. Ah, those people.

330
00:19:23,760 --> 00:19:25,920
Speaker 3: I grew up with those people. I am so much

331
00:19:25,920 --> 00:19:27,320
Speaker 3: happier now living in America.

332
00:19:28,200 --> 00:19:31,960
Speaker 2: Oh yeah, Oh, this is a much better existence for sure.

333
00:19:32,359 --> 00:19:35,760
Speaker 2: Stay warm, stay safe, check on a neighbor, do that

334
00:19:36,080 --> 00:19:39,440
Speaker 2: for sure. And February twenty eight tickets dot Sonycats dot com.

335
00:19:39,440 --> 00:19:44,600
Speaker 2: Make your tickets now keep it here at Sonycats today.

336
00:19:45,480 --> 00:19:49,439
Speaker 2: So the GDP numbers are like through the roof, They're insane,

337
00:19:49,480 --> 00:19:51,880
Speaker 2: they don't even make sense. And can a country really

338
00:19:51,960 --> 00:19:55,840
Speaker 2: grow like ours our economic output and four point four percent?

339
00:19:55,880 --> 00:19:58,840
Speaker 2: When another country says four point four percent, you can say, hey,

340
00:19:58,880 --> 00:20:01,520
Speaker 2: that's good, but they're not doing the kind of volume

341
00:20:01,560 --> 00:20:03,359
Speaker 2: when we do. So when we've got four point four

342
00:20:03,880 --> 00:20:06,520
Speaker 2: it's massive. And now you've got predictions of over five

343
00:20:06,600 --> 00:20:09,480
Speaker 2: percent that are going to be coming. And then you

344
00:20:09,560 --> 00:20:12,000
Speaker 2: see the inflation index that the FED likes to use,

345
00:20:12,040 --> 00:20:14,640
Speaker 2: and you're like, well, wait a second, does this mean

346
00:20:15,760 --> 00:20:17,400
Speaker 2: that inflation is up?

347
00:20:18,080 --> 00:20:18,880
Speaker 3: Well, maybe it.

348
00:20:18,840 --> 00:20:22,000
Speaker 2: Is because silver has now crossed one hundred dollars an

349
00:20:22,040 --> 00:20:26,359
Speaker 2: ounce and gold will be at five thousand an ounce.

350
00:20:27,760 --> 00:20:31,399
Speaker 2: What exactly is happening in our economics? Exactly where are

351
00:20:31,400 --> 00:20:33,480
Speaker 2: we at? Doctor Mattwill joined us right now? Did I

352
00:20:33,480 --> 00:20:36,040
Speaker 2: say hello, Tony Katz? Tony Katz? Today I should say

353
00:20:36,040 --> 00:20:39,480
Speaker 2: hello and name the show. I'm just very excited. Doctor

354
00:20:39,560 --> 00:20:43,159
Speaker 2: Mattwill is an economist at the University of Indianapolis. This

355
00:20:43,480 --> 00:20:47,840
Speaker 2: is out of control. The numbers are in absolute conflict,

356
00:20:47,920 --> 00:20:50,960
Speaker 2: seemingly to me with one another. But let's start with

357
00:20:51,000 --> 00:20:52,040
Speaker 2: this GDP number.

358
00:20:52,080 --> 00:20:53,639
Speaker 3: Now, I know you're in transit right now.

359
00:20:55,000 --> 00:20:57,840
Speaker 2: Did the numbers get revised up or is the GDP

360
00:20:58,240 --> 00:20:59,960
Speaker 2: was the four point four the number? Is that the

361
00:21:00,280 --> 00:21:02,920
Speaker 2: correct number for the third quarter of twenty twenty five.

362
00:21:03,920 --> 00:21:08,680
Speaker 1: There were revisions up and multiple kinds of revisions. One

363
00:21:08,720 --> 00:21:11,119
Speaker 1: revision up was the actual GDP, So that was a

364
00:21:11,160 --> 00:21:13,600
Speaker 1: revision up from the previous number. I believe it was

365
00:21:13,600 --> 00:21:16,320
Speaker 1: maybe three point eight, and then it was revised at

366
00:21:16,320 --> 00:21:18,520
Speaker 1: four point two. Now it's four point four or four

367
00:21:18,560 --> 00:21:21,520
Speaker 1: point eight. I mean, it's just going up. And the

368
00:21:21,560 --> 00:21:25,160
Speaker 1: other revision, which was more shocking, is that the Atlanta Fed,

369
00:21:25,480 --> 00:21:29,520
Speaker 1: which projects GDP, is now projecting about a five to

370
00:21:29,560 --> 00:21:35,000
Speaker 1: five point four percent GDP in the next report. Revisions

371
00:21:35,040 --> 00:21:38,280
Speaker 1: are off the charts. And your description of this size

372
00:21:38,320 --> 00:21:41,240
Speaker 1: of economy growing like that, that's that's pretty impressive. And

373
00:21:41,240 --> 00:21:44,000
Speaker 1: I could get into the why it's projected to grow

374
00:21:44,000 --> 00:21:46,000
Speaker 1: if you'd like, well.

375
00:21:45,920 --> 00:21:47,679
Speaker 3: Yeah, I absolutely want to get into it.

376
00:21:47,720 --> 00:21:50,960
Speaker 2: But before we get there, this flies in the face

377
00:21:51,000 --> 00:21:54,560
Speaker 2: of the tariff conversation, and you keep saying, no, it

378
00:21:54,600 --> 00:21:58,360
Speaker 2: actually doesn't. It's just the tariffs are limiting Trump's opportunities

379
00:21:58,359 --> 00:22:01,680
Speaker 2: to grow even more. But I thought the tariffs were

380
00:22:01,720 --> 00:22:06,440
Speaker 2: going to limit levels of creation and production. But are

381
00:22:06,480 --> 00:22:09,200
Speaker 2: we producing more or does it just feel that way

382
00:22:09,200 --> 00:22:10,480
Speaker 2: because we're paying the tariffs.

383
00:22:11,880 --> 00:22:15,120
Speaker 1: No, it's you said it at the beginning. Very well,

384
00:22:15,160 --> 00:22:18,320
Speaker 1: there's this conflicting data. And I've said it before. The

385
00:22:18,359 --> 00:22:21,880
Speaker 1: Trump is it's like Trump versus Trump. Okay, the good

386
00:22:21,920 --> 00:22:26,119
Speaker 1: parts of this. The consumer spending is through the roof. Okay,

387
00:22:26,400 --> 00:22:31,520
Speaker 1: investment in AI is through the roof. Government spending, unfortunately,

388
00:22:31,640 --> 00:22:33,560
Speaker 1: is through the roof. Those are the things that drove

389
00:22:33,600 --> 00:22:38,200
Speaker 1: the revision. And now to the teriff issue. The tariffs

390
00:22:38,240 --> 00:22:40,520
Speaker 1: cause the GDP to go up. But this is a

391
00:22:40,520 --> 00:22:43,800
Speaker 1: flaw of Canesian economics, and we've talked about it before.

392
00:22:43,800 --> 00:22:47,960
Speaker 1: It's a nerd nerd topic. Canesian economics says that when

393
00:22:48,000 --> 00:22:52,880
Speaker 1: you have net exports that increases GDP, that's just the formula.

394
00:22:52,920 --> 00:22:59,360
Speaker 1: The formula is flawed, but it decreases long term consumer goods,

395
00:22:59,680 --> 00:23:03,240
Speaker 1: harm long term manufacturing in your country. We see the manufacturing,

396
00:23:03,480 --> 00:23:06,840
Speaker 1: the manufacturing in the US continues to decline. It did

397
00:23:06,920 --> 00:23:11,160
Speaker 1: again last month. So it is Trump versus Trump. And yes,

398
00:23:11,240 --> 00:23:15,199
Speaker 1: the GDP number. Exports is an anomaly. That's causing the

399
00:23:15,240 --> 00:23:16,800
Speaker 1: number to go up. But the rest of it's good.

400
00:23:17,200 --> 00:23:19,399
Speaker 1: The rest of it's through the roof the consumer spending.

401
00:23:19,440 --> 00:23:23,520
Speaker 1: This government spending not good, investment in AI fantastic. So

402
00:23:23,560 --> 00:23:26,520
Speaker 1: those are all good things that are causing the GDP

403
00:23:26,600 --> 00:23:27,040
Speaker 1: to go up.

404
00:23:27,240 --> 00:23:30,680
Speaker 2: Talking to doctor Matt Will, economist at the University of Indianapolis,

405
00:23:30,680 --> 00:23:33,359
Speaker 2: what I have been saying is I think this is

406
00:23:33,400 --> 00:23:35,320
Speaker 2: great news for Trump. This is great news going into

407
00:23:35,400 --> 00:23:39,520
Speaker 2: a midterm, but only if gas prices continue to go down,

408
00:23:39,720 --> 00:23:42,719
Speaker 2: beef prices go down, and I can afford to take

409
00:23:42,800 --> 00:23:45,720
Speaker 2: my family out to dinner. These are the things that

410
00:23:45,800 --> 00:23:48,600
Speaker 2: Midwest main Street needs to look at or are looking at.

411
00:23:48,960 --> 00:23:50,520
Speaker 2: And these are not the things so much of the

412
00:23:50,520 --> 00:23:54,440
Speaker 2: Trump administration is connecting with. Although Besons is getting much

413
00:23:54,520 --> 00:23:57,000
Speaker 2: better at talking about here's what we've done for you,

414
00:23:57,040 --> 00:23:58,760
Speaker 2: Here's what we're doing for you. Here's what the one.

415
00:23:58,600 --> 00:23:59,879
Speaker 3: Big, beautiful bill is going to do.

416
00:24:00,119 --> 00:24:02,520
Speaker 2: Here's what you're going to be seeing going to see

417
00:24:02,920 --> 00:24:06,960
Speaker 2: coming down the pike. Here's what's going to be happening.

418
00:24:07,160 --> 00:24:09,159
Speaker 2: Although I don't know how many people get super excited

419
00:24:09,200 --> 00:24:12,000
Speaker 2: about getting their tax returned and they're just paying too

420
00:24:12,040 --> 00:24:18,000
Speaker 2: much in taxes as it is does the GDP growth

421
00:24:18,760 --> 00:24:23,360
Speaker 2: lead to Americans on Midwest Main Street seeing those three

422
00:24:23,400 --> 00:24:24,680
Speaker 2: things that I mentioned.

423
00:24:25,600 --> 00:24:29,680
Speaker 1: Not necessarily And there's two reasons for it. One is

424
00:24:29,720 --> 00:24:33,879
Speaker 1: this export anomaly, this flaw in the GDP formula is

425
00:24:33,920 --> 00:24:37,720
Speaker 1: going to snap back. These net exports will snap back

426
00:24:37,920 --> 00:24:41,000
Speaker 1: at the end of this year because it's an anomaly

427
00:24:41,080 --> 00:24:45,240
Speaker 1: because of his tariffs. And unless he keeps increasing the

428
00:24:45,280 --> 00:24:47,320
Speaker 1: tariffs I mean, which he could do, but it has

429
00:24:47,359 --> 00:24:49,560
Speaker 1: all these deals, so the tariffs are now locked in.

430
00:24:50,280 --> 00:24:52,080
Speaker 1: That means there will be a snapback and there will

431
00:24:52,119 --> 00:24:55,000
Speaker 1: be fewer exports towards the end of the year. So

432
00:24:55,119 --> 00:24:57,560
Speaker 1: that's going to hurt him come the elections. The other

433
00:24:57,600 --> 00:25:00,600
Speaker 1: thing is to answer your question directly, go to the

434
00:25:00,680 --> 00:25:06,600
Speaker 1: PCEE the inflation. The inflation was half a percent, that

435
00:25:06,840 --> 00:25:09,080
Speaker 1: is six percent for the year. If it's half a

436
00:25:09,119 --> 00:25:12,879
Speaker 1: percent for the month, this inflation is not gone. The

437
00:25:12,920 --> 00:25:15,520
Speaker 1: Democrats are running on affordability and they have an issue

438
00:25:15,560 --> 00:25:17,840
Speaker 1: to run on, even though it's not all Trump's fault,

439
00:25:18,119 --> 00:25:19,439
Speaker 1: They've got an issue to run on.

440
00:25:20,560 --> 00:25:24,480
Speaker 2: Talking to doctor Matt Well, economists at the University of Indianapolis,

441
00:25:24,840 --> 00:25:27,080
Speaker 2: and yes, it shows that this was the reporting from

442
00:25:27,160 --> 00:25:29,760
Speaker 2: CNBC that the main gage that they use at the FED,

443
00:25:30,480 --> 00:25:34,240
Speaker 2: the personal consumption expends. Just price Index showed inflation at

444
00:25:34,240 --> 00:25:36,760
Speaker 2: two point eight percent in November, but you just said

445
00:25:37,200 --> 00:25:39,280
Speaker 2: zero point five, which will give you six percent for

446
00:25:39,320 --> 00:25:39,560
Speaker 2: the year.

447
00:25:39,600 --> 00:25:41,320
Speaker 3: Where do you get that number from?

448
00:25:41,640 --> 00:25:44,320
Speaker 1: Because that was the monthly number they're looking at last

449
00:25:44,400 --> 00:25:47,679
Speaker 1: year over this year. That's a year long data. I

450
00:25:47,680 --> 00:25:49,600
Speaker 1: don't care what happened to last year. I don't care

451
00:25:49,640 --> 00:25:51,520
Speaker 1: what happened eleven or ten months ago. I want to

452
00:25:51,520 --> 00:25:54,359
Speaker 1: know the inflation in the last thirty days. And in

453
00:25:54,400 --> 00:25:58,120
Speaker 1: the last thirty days the inflation was half of one percent.

454
00:25:58,920 --> 00:26:01,320
Speaker 1: It doesn't take a genius multiply that and get six.

455
00:26:01,920 --> 00:26:04,959
Speaker 1: That scares me. Inflation is legitimate. And how do we know?

456
00:26:05,280 --> 00:26:08,280
Speaker 1: I'm not the only person thinking this because silver went

457
00:26:08,359 --> 00:26:13,560
Speaker 1: through the roof the safe haven for inflation skyrocketed as

458
00:26:13,560 --> 00:26:15,760
Speaker 1: a result of this inflation report. You know what, I

459
00:26:15,760 --> 00:26:17,760
Speaker 1: think you were right earlier when you said gold's going

460
00:26:17,840 --> 00:26:18,360
Speaker 1: higher too.

461
00:26:18,480 --> 00:26:21,160
Speaker 2: Oh, gold's going higher. There's no doubt. By the way,

462
00:26:21,800 --> 00:26:25,280
Speaker 2: I do not invest in gold nor silver. Maybe I

463
00:26:25,320 --> 00:26:27,680
Speaker 2: am part of a fund that does. Do not take

464
00:26:27,720 --> 00:26:29,600
Speaker 2: your financial advice from me. You can take it from

465
00:26:29,600 --> 00:26:31,600
Speaker 2: doctor will, but do not take it from me. I

466
00:26:31,600 --> 00:26:34,320
Speaker 2: don't want to be responsible for that. What I do

467
00:26:34,359 --> 00:26:40,240
Speaker 2: want to say is that the interesting part is that

468
00:26:40,280 --> 00:26:43,440
Speaker 2: there's wins and losses in this for Trump. There's wins

469
00:26:43,480 --> 00:26:46,200
Speaker 2: and losses in this for the Democrats. Which is weird

470
00:26:46,200 --> 00:26:49,480
Speaker 2: that the Democrats are betting against the economy as opposed

471
00:26:49,520 --> 00:26:52,480
Speaker 2: to what Republicans did in the twenty twenty four campaign,

472
00:26:52,760 --> 00:26:56,000
Speaker 2: which is noticed the economy and say things can be better.

473
00:26:56,480 --> 00:27:01,040
Speaker 2: So do you advise that the White House continues to

474
00:27:01,040 --> 00:27:02,959
Speaker 2: go down this road? That's gott best At the Treasury

475
00:27:03,000 --> 00:27:07,240
Speaker 2: Secretary continues to go down this road by saying everything's great,

476
00:27:07,240 --> 00:27:10,119
Speaker 2: look at the GDP, look at the growth, while not

477
00:27:10,119 --> 00:27:13,320
Speaker 2: noticing the harms happening on the inflation side on the

478
00:27:13,359 --> 00:27:16,879
Speaker 2: other side, or is there a move here that makes

479
00:27:16,920 --> 00:27:20,240
Speaker 2: this explode for Midwest main Street and people can afford

480
00:27:20,240 --> 00:27:21,359
Speaker 2: to take their families out to dinner.

481
00:27:21,359 --> 00:27:26,000
Speaker 1: Again, Besten is wrong. He's got to explain to the

482
00:27:26,000 --> 00:27:29,359
Speaker 1: American public what's going on here, and they're ignoring the

483
00:27:29,359 --> 00:27:32,280
Speaker 1: inflation issue. And you see the inflation issue when you

484
00:27:32,320 --> 00:27:34,680
Speaker 1: go out to dinner, when you try to buy your kids,

485
00:27:34,680 --> 00:27:37,240
Speaker 1: you know, a baseball bat when you try to do

486
00:27:37,320 --> 00:27:40,160
Speaker 1: things for your family and you can't do it. They

487
00:27:40,200 --> 00:27:42,919
Speaker 1: can't ignore it because you and I and every person

488
00:27:42,960 --> 00:27:45,520
Speaker 1: listening to this show sees it when we walk out

489
00:27:45,560 --> 00:27:47,679
Speaker 1: the door every day. And to ignore it is to

490
00:27:47,720 --> 00:27:50,520
Speaker 1: make the same crime that the Democrats made in the

491
00:27:50,560 --> 00:27:53,720
Speaker 1: last election. They try to ignore the bad news. Beston

492
00:27:53,800 --> 00:27:55,639
Speaker 1: wants to ignore the bad news because this boss is

493
00:27:55,680 --> 00:27:58,240
Speaker 1: afraid his boss cannot handle bad news.

494
00:27:59,080 --> 00:28:05,359
Speaker 2: But Trump goes to Davos and he's a saying, Hey,

495
00:28:05,760 --> 00:28:09,160
Speaker 2: we've got one hundred we've got eighteen trillion dollars worth

496
00:28:09,200 --> 00:28:13,080
Speaker 2: of investment. We're tariffing this, that and the other. We're

497
00:28:13,119 --> 00:28:15,280
Speaker 2: gonna we will put on twers because of Greenland. We

498
00:28:15,280 --> 00:28:17,160
Speaker 2: won't put on towers because of Greenland. Right, He uses

499
00:28:17,200 --> 00:28:20,159
Speaker 2: it in the tool that in that way. But he

500
00:28:20,359 --> 00:28:22,919
Speaker 2: sees the investment because of the twists that went on,

501
00:28:23,000 --> 00:28:25,800
Speaker 2: and he says, look at the success again. This is

502
00:28:25,800 --> 00:28:29,400
Speaker 2: a conversation of when does that investment show up from

503
00:28:29,400 --> 00:28:33,240
Speaker 2: Midwest main Street? And the answer cannot be it never

504
00:28:33,400 --> 00:28:37,840
Speaker 2: shows up from Midwest main Street. Somehow, some way, during

505
00:28:38,160 --> 00:28:42,520
Speaker 2: from some timeline, the money has to trickle down. So

506
00:28:42,800 --> 00:28:45,400
Speaker 2: exactly what is it that we should be looking for

507
00:28:45,760 --> 00:28:47,720
Speaker 2: or is there still a different lever that the White

508
00:28:47,720 --> 00:28:50,560
Speaker 2: House has to administer that will then get the dollars

509
00:28:50,600 --> 00:28:52,600
Speaker 2: to the rest of us.

510
00:28:53,560 --> 00:28:57,200
Speaker 1: That ship does not turn very fast. We see it

511
00:28:57,240 --> 00:29:01,280
Speaker 1: in the GDP revisions, massive investment. It's already happening. You know,

512
00:29:01,320 --> 00:29:03,600
Speaker 1: you asked the question where we'll we see it. We

513
00:29:03,640 --> 00:29:06,120
Speaker 1: see it. We see it in the GDP number, we

514
00:29:06,160 --> 00:29:09,200
Speaker 1: see it in the investment that's happening in corporations at

515
00:29:09,200 --> 00:29:12,560
Speaker 1: this moment. It's gigantic. That's why the GDP is up.

516
00:29:12,760 --> 00:29:15,560
Speaker 1: I said it again. Trump is his own worst enemy.

517
00:29:15,960 --> 00:29:18,360
Speaker 1: He's talking about the great things he's doing, but he's

518
00:29:18,400 --> 00:29:21,600
Speaker 1: missing the fact that long term there will be benefit.

519
00:29:21,680 --> 00:29:24,120
Speaker 1: But it's not here yet. You can't build an AI

520
00:29:24,200 --> 00:29:27,320
Speaker 1: data center, You can't build out your company's AI use

521
00:29:27,640 --> 00:29:30,520
Speaker 1: and expect the jobs to appear overnight. There's a lag

522
00:29:30,760 --> 00:29:32,960
Speaker 1: It may be a year or two. We're in transition.

523
00:29:33,200 --> 00:29:36,160
Speaker 1: We've talked about it before. We're transitioning like from horse

524
00:29:36,200 --> 00:29:39,640
Speaker 1: and buggies to cars. Now we're transitioning from computers to AI.

525
00:29:40,080 --> 00:29:42,080
Speaker 1: It's going to take some time, and we're not going

526
00:29:42,080 --> 00:29:45,000
Speaker 1: to see the benefit immediately. We have to be patient

527
00:29:45,640 --> 00:29:48,440
Speaker 1: and Trump doesn't want to hear that between now and

528
00:29:48,520 --> 00:29:50,360
Speaker 1: then there's going to be some pain. He doesn't want

529
00:29:50,360 --> 00:29:52,240
Speaker 1: to hear it, and everyone's afraid to tell him.

530
00:29:52,680 --> 00:29:58,000
Speaker 2: Well, I think he's hearing it, and what will I will?

531
00:29:58,280 --> 00:30:00,400
Speaker 2: I get your point. But I don't think that's actually

532
00:30:00,400 --> 00:30:03,120
Speaker 2: the real case with Trump. It's that he isn't afraid

533
00:30:03,160 --> 00:30:06,240
Speaker 2: to hear it. It's that he believes what he believes.

534
00:30:06,880 --> 00:30:09,760
Speaker 2: And I think that that there it lies the rub

535
00:30:10,160 --> 00:30:13,040
Speaker 2: in which you the economists to look at these numbers

536
00:30:13,040 --> 00:30:16,040
Speaker 2: and say, these things have issues, and he's getting his

537
00:30:16,080 --> 00:30:19,160
Speaker 2: own way, and he looks at these things and says,

538
00:30:19,240 --> 00:30:21,520
Speaker 2: this is all part of the much larger plan. If

539
00:30:21,560 --> 00:30:25,360
Speaker 2: you stick with me, we're gonna get there. Now, we

540
00:30:25,400 --> 00:30:28,520
Speaker 2: could be asking a question politically, where does the voter go?

541
00:30:28,800 --> 00:30:32,360
Speaker 2: But let's get back to where the markets go. They

542
00:30:32,480 --> 00:30:35,520
Speaker 2: must be. They understand that the AI investment is driving

543
00:30:35,600 --> 00:30:38,800
Speaker 2: all things. They clearly understand that there's still an inflation

544
00:30:39,520 --> 00:30:43,400
Speaker 2: that is there. Yet this market keeps going up and

545
00:30:43,600 --> 00:30:46,600
Speaker 2: keeps going up, and it doesn't stop, and it doesn't

546
00:30:46,640 --> 00:30:49,000
Speaker 2: rest and it doesn't quit. And even when you were

547
00:30:49,080 --> 00:30:51,280
Speaker 2: hugely down at the beginning of the week, you came

548
00:30:51,360 --> 00:30:54,360
Speaker 2: back up. Maybe you're going to be down today. You

549
00:30:54,360 --> 00:30:57,040
Speaker 2: know midday, you know the Dow was down, but the

550
00:30:57,120 --> 00:31:00,880
Speaker 2: NAZAC was up. How does the market you these things?

551
00:31:02,680 --> 00:31:06,320
Speaker 1: The market views it as a net good. The market

552
00:31:06,440 --> 00:31:08,720
Speaker 1: us its exactly how I described it to you. This

553
00:31:08,800 --> 00:31:10,160
Speaker 1: is this is the world I live in. In an

554
00:31:10,160 --> 00:31:13,200
Speaker 1: applied economics. They see the good policies, they see the

555
00:31:13,240 --> 00:31:17,240
Speaker 1: bad policies. Inflation is here, so silver goes up and

556
00:31:17,320 --> 00:31:20,280
Speaker 1: gold goes up. But the investment in AI is through

557
00:31:20,320 --> 00:31:23,400
Speaker 1: the roof, so the GDP goes up. The market's up

558
00:31:23,400 --> 00:31:26,640
Speaker 1: because it's the net good. There's good and there's bad,

559
00:31:26,680 --> 00:31:29,640
Speaker 1: but it's a net good. You know what alarms me

560
00:31:29,880 --> 00:31:32,880
Speaker 1: or shocks me. If Trump could get out of his

561
00:31:32,960 --> 00:31:36,720
Speaker 1: own way, it would be even better. The net good

562
00:31:36,720 --> 00:31:39,600
Speaker 1: would be even more than what we're seeing right now,

563
00:31:39,640 --> 00:31:41,320
Speaker 1: if he could just get out of his way. But

564
00:31:41,600 --> 00:31:42,720
Speaker 1: you cannot learn.

565
00:31:42,920 --> 00:31:45,480
Speaker 2: Just for the definition. You say, get rid of the towers.

566
00:31:45,600 --> 00:31:46,760
Speaker 2: Is that getting out of his way?

567
00:31:47,320 --> 00:31:50,520
Speaker 1: Yes, yes, the tariffs are the thing that's preventing him

568
00:31:50,840 --> 00:31:54,600
Speaker 1: from having an even better economy. But you can't deny it.

569
00:31:54,680 --> 00:31:56,840
Speaker 1: You and I cannot deny it. The net good is

570
00:31:56,920 --> 00:31:59,040
Speaker 1: right in front of our face. But he's got to

571
00:31:59,080 --> 00:32:03,800
Speaker 1: be careful. This inflation nothing. Milton Friedman said at many

572
00:32:03,800 --> 00:32:07,600
Speaker 1: times inflation is the single worst threat to the economy,

573
00:32:08,160 --> 00:32:10,600
Speaker 1: and it's there, and he's got to be careful.

574
00:32:11,160 --> 00:32:14,120
Speaker 2: And Trump's math is very clearly the tariff is allowed

575
00:32:14,120 --> 00:32:18,120
Speaker 2: for the investments and that any short term wobble will

576
00:32:18,120 --> 00:32:21,360
Speaker 2: be offset by the massive gains of investments and the

577
00:32:21,440 --> 00:32:25,960
Speaker 2: trillions into the American future. That's that's what he's saying.

578
00:32:26,040 --> 00:32:27,880
Speaker 2: That's the methodology, correct.

579
00:32:28,480 --> 00:32:30,920
Speaker 1: That's exactly what he's thinking. But it doesn't talk to

580
00:32:31,000 --> 00:32:33,840
Speaker 1: the wallet of the person on mainstream who's trying to

581
00:32:33,840 --> 00:32:37,840
Speaker 1: go out to dinner. Inflation is here, and people's wages

582
00:32:37,880 --> 00:32:40,760
Speaker 1: aren't growing, but they're not growing enough. And we're seeing

583
00:32:40,760 --> 00:32:42,880
Speaker 1: the slow down and hiring, and we're going to have

584
00:32:42,920 --> 00:32:47,200
Speaker 1: a transition in the employment base to an ai based economy,

585
00:32:47,200 --> 00:32:50,400
Speaker 1: which isn't happening overnight. He's missing it. He's missing the

586
00:32:50,440 --> 00:32:53,640
Speaker 1: impact on the average person. And guess what the average person.

587
00:32:53,480 --> 00:32:58,160
Speaker 2: Votes so and so again, he understands the impact of

588
00:32:58,200 --> 00:33:01,120
Speaker 2: the average person, but he's willing to wait it out.

589
00:33:01,040 --> 00:33:02,200
Speaker 3: Over a longer period of time.

590
00:33:02,400 --> 00:33:04,360
Speaker 2: What it's going to happen is the person who votes

591
00:33:04,440 --> 00:33:07,080
Speaker 2: isn't going to see it for a midterm and that's

592
00:33:07,160 --> 00:33:10,360
Speaker 2: where he needs some basic things to turn around in

593
00:33:10,440 --> 00:33:12,600
Speaker 2: order to get him there to see that it's coming.

594
00:33:12,960 --> 00:33:16,360
Speaker 2: It can't happen in the next six months, that's the question,

595
00:33:16,560 --> 00:33:20,160
Speaker 2: Doctor Matt Will, economists at the University of Indianapolis. I

596
00:33:20,160 --> 00:33:22,320
Speaker 2: appreciate you being with us more to get to I'm

597
00:33:22,320 --> 00:33:24,160
Speaker 2: Tony Katz. This is Tony Katz today.

598
00:33:24,920 --> 00:33:27,560
Speaker 7: It's just an effort to get people together, like minded

599
00:33:27,600 --> 00:33:29,680
Speaker 7: people at want pace in this world. I don't see

600
00:33:29,680 --> 00:33:32,680
Speaker 7: a problem with that. Biden has done it. They they

601
00:33:33,000 --> 00:33:35,200
Speaker 7: give me him a Nobel Pace Prize and they give

602
00:33:35,240 --> 00:33:38,640
Speaker 7: Biden having there to give an Obama another one. So yeah,

603
00:33:38,840 --> 00:33:41,880
Speaker 7: I just getting people together, like minded folks. I think

604
00:33:41,880 --> 00:33:42,880
Speaker 7: it's a good way to do it.

605
00:33:43,520 --> 00:33:46,360
Speaker 2: That's a representative Tim Burchett talking about the Board of

606
00:33:46,480 --> 00:33:51,000
Speaker 2: Peace with us. The Spaniards they won't be a part

607
00:33:51,040 --> 00:33:54,120
Speaker 2: of it, and Canada has been disinvited. I'm telling you

608
00:33:54,920 --> 00:33:57,800
Speaker 2: Canada is going to be a thing. I think there

609
00:33:57,840 --> 00:34:01,680
Speaker 2: was a miscalculation regarding the Taris and Canadians would respond.

610
00:34:02,560 --> 00:34:05,080
Speaker 2: I think there's now been a miscalculation by the Canadians

611
00:34:05,080 --> 00:34:08,680
Speaker 2: about what they think they can do chummy with the Chinese,

612
00:34:09,480 --> 00:34:12,719
Speaker 2: not on our border. And if that means force, so

613
00:34:12,800 --> 00:34:15,000
Speaker 2: be it. And you said to me, Tony, are you

614
00:34:15,120 --> 00:34:18,480
Speaker 2: suggesting that we go to war with Canada. No, I'm

615
00:34:18,480 --> 00:34:21,880
Speaker 2: suggesting that we run military exercises off of Newfoundland and

616
00:34:21,920 --> 00:34:25,359
Speaker 2: remind the Chinese that they can't come. They haven't been

617
00:34:25,400 --> 00:34:28,279
Speaker 2: invited to the party because we decide who comes to

618
00:34:28,280 --> 00:34:30,480
Speaker 2: the party. If the Canadians don't like it, I don't care.

619
00:34:30,680 --> 00:34:32,760
Speaker 2: You don't get to be chummy with the Chi Coms

620
00:34:32,920 --> 00:34:34,320
Speaker 2: when you're on our northern border.

621
00:34:34,560 --> 00:34:36,640
Speaker 3: That's the deal. Canada sucks to be you.

622
00:34:36,920 --> 00:34:39,080
Speaker 2: And if you say to me they're a free nation,

623
00:34:39,239 --> 00:34:41,279
Speaker 2: they could do what they want, I'll say to you,

624
00:34:41,680 --> 00:34:45,319
Speaker 2: I don't agree with you. They're a free nation, but

625
00:34:45,440 --> 00:34:47,880
Speaker 2: you can't work with our enemy on our border.

626
00:34:48,440 --> 00:34:53,000
Speaker 3: That's just not gonna fly. We can discuss it more.

627
00:34:53,239 --> 00:34:57,959
Speaker 2: But then a representative Birchett Guy a question about Iran iacy.

628
00:34:57,640 --> 00:34:59,360
Speaker 3: As president of prompts the next.

629
00:34:59,520 --> 00:35:00,879
Speaker 4: Coms that off.

630
00:35:03,200 --> 00:35:05,839
Speaker 7: I hope we shut down those evil bashrooms. Stay out.

631
00:35:05,840 --> 00:35:09,319
Speaker 7: They're killing people and we're getting reports five thousand, it's

632
00:35:09,360 --> 00:35:13,960
Speaker 7: probably it's probably twenty thousand. Folks, you just never know.

633
00:35:14,160 --> 00:35:15,200
Speaker 7: It's an evil regime.

634
00:35:15,640 --> 00:35:18,320
Speaker 2: It is an evil regime. I hope we shut the

635
00:35:18,440 --> 00:35:23,080
Speaker 2: evil bastards down, he said. The question, of course, is

636
00:35:23,239 --> 00:35:27,960
Speaker 2: how we're sending the armada. We're sending the USS Abraham Lincoln,

637
00:35:28,000 --> 00:35:32,080
Speaker 2: We're sending destroyers. The President said to the protesters. Help

638
00:35:32,200 --> 00:35:34,839
Speaker 2: is on its way. I want to know what it means,

639
00:35:35,239 --> 00:35:38,000
Speaker 2: because I want these people to be free, and I'm

640
00:35:38,160 --> 00:35:39,800
Speaker 2: totally down with helping them. I just want to know

641
00:35:39,840 --> 00:35:42,440
Speaker 2: what we mean by help. Have we discussed it. We're

642
00:35:42,480 --> 00:35:45,000
Speaker 2: talking about boots on the ground. Are we talking about

643
00:35:45,040 --> 00:35:48,040
Speaker 2: taking out more military targets and therefore putting the squeeze

644
00:35:48,080 --> 00:35:50,320
Speaker 2: on them? Are we engaging in some level of diplomacy

645
00:35:50,360 --> 00:35:53,200
Speaker 2: to push out the Iyatola and the Mullas? What does

646
00:35:53,280 --> 00:35:56,680
Speaker 2: it mean? And what does burch it mean by shutting

647
00:35:56,680 --> 00:35:59,920
Speaker 2: the evil bastards down? Find everything at Tony Kotts dot com.

648
00:36:00,200 --> 00:36:02,080
Speaker 2: Stay safe if you're in the path of the storms

649
00:36:02,360 --> 00:36:03,000
Speaker 2: Monday to one.

650
00:36:03,120 --> 00:36:03,520
Speaker 1: Take out