1 00:00:00,320 --> 00:00:03,760 Speaker 1: You're listening to KFI AM six forty on demand. 2 00:00:05,519 --> 00:00:08,360 Speaker 2: All Right, we got to do a little business talk, 3 00:00:08,520 --> 00:00:10,600 Speaker 2: because at the end of the day, the business of 4 00:00:10,640 --> 00:00:13,560 Speaker 2: America is business. We can have all kinds of debates 5 00:00:13,560 --> 00:00:17,560 Speaker 2: and discussions, but the only thing you need the government 6 00:00:17,640 --> 00:00:20,960 Speaker 2: to do, and this is for the federal government, state government, 7 00:00:21,000 --> 00:00:24,840 Speaker 2: local government. The only thing you absolutely need the government 8 00:00:24,880 --> 00:00:28,960 Speaker 2: to do is to create conditions in which you can 9 00:00:29,000 --> 00:00:35,319 Speaker 2: earn and make money. Right, under a capitalist system, you 10 00:00:35,520 --> 00:00:39,479 Speaker 2: want the government to create. Government doesn't create jobs. It can, however, 11 00:00:39,560 --> 00:00:43,839 Speaker 2: create conditions in which jobs are created. Now, the easiest 12 00:00:43,840 --> 00:00:46,040 Speaker 2: way to do that is to get out of the way. 13 00:00:46,960 --> 00:00:52,760 Speaker 2: Because in capitalism, the marketplace sets the rules. So the 14 00:00:52,800 --> 00:00:58,080 Speaker 2: easiest thing a government can do to create conditions for 15 00:00:58,160 --> 00:01:01,040 Speaker 2: you to earn and live a good life life and 16 00:01:01,120 --> 00:01:03,640 Speaker 2: raise your standard of living, which is what I want. 17 00:01:03,720 --> 00:01:05,240 Speaker 2: One of the two things I want my government to 18 00:01:05,280 --> 00:01:07,840 Speaker 2: do is to get out of the way. Deregulate, stop 19 00:01:07,840 --> 00:01:12,720 Speaker 2: getting involved, don't help me. Right, lower my tax burden 20 00:01:13,080 --> 00:01:16,160 Speaker 2: so I can invest. Lower my tax burden so my 21 00:01:16,280 --> 00:01:19,880 Speaker 2: boss can expand and hire more of us. Right, create 22 00:01:19,920 --> 00:01:23,839 Speaker 2: conditions where I can scale, or I can invent, or 23 00:01:23,920 --> 00:01:26,000 Speaker 2: I can use my skills and my time and my 24 00:01:26,080 --> 00:01:31,760 Speaker 2: labor and my ingenuity. Right, remove obstacles and let me 25 00:01:31,920 --> 00:01:35,039 Speaker 2: be and I'll take it from there. That's one of 26 00:01:35,080 --> 00:01:38,399 Speaker 2: the two only real things government needs to do for 27 00:01:38,480 --> 00:01:41,479 Speaker 2: you and for me at the end of the day. Right, 28 00:01:41,520 --> 00:01:45,200 Speaker 2: we can get caught up in the TSA rules and 29 00:01:45,280 --> 00:01:48,560 Speaker 2: the EPA and bebetabah baboo. But when it comes right 30 00:01:48,600 --> 00:01:50,840 Speaker 2: down to it day to day, what you need is 31 00:01:50,880 --> 00:01:55,040 Speaker 2: the government creating conditions constantly where you can do better 32 00:01:55,080 --> 00:01:59,520 Speaker 2: than your parents financially. Money, it's all about the benjamins. 33 00:02:00,240 --> 00:02:02,160 Speaker 2: The other thing that you need the government to do 34 00:02:02,680 --> 00:02:08,960 Speaker 2: is to ensure justice. Right, somebody breaks into you know, 35 00:02:09,080 --> 00:02:11,240 Speaker 2: the job site, You call the cops. The cops go 36 00:02:11,320 --> 00:02:15,800 Speaker 2: get them. Somebody steals something, you fire them. You have 37 00:02:15,840 --> 00:02:18,240 Speaker 2: courts of law, so the contract holds up at a court. 38 00:02:19,040 --> 00:02:22,760 Speaker 2: You have judges that aren't bribed. You have rules of 39 00:02:22,800 --> 00:02:25,920 Speaker 2: the game. You play by the rules, you win, the 40 00:02:25,960 --> 00:02:29,960 Speaker 2: guy cheats and steals, somebody calls him out and he loses. Right, 41 00:02:30,000 --> 00:02:34,079 Speaker 2: you need justice and government can provide that. And government 42 00:02:34,120 --> 00:02:36,519 Speaker 2: does it very well here in the United States, which 43 00:02:36,560 --> 00:02:38,799 Speaker 2: is why I want to keep this a first World nation. 44 00:02:39,200 --> 00:02:44,560 Speaker 2: In third world countries. It's not so a lot of 45 00:02:44,600 --> 00:02:46,480 Speaker 2: freedom but a lot of corruption. What you want here 46 00:02:46,520 --> 00:02:50,240 Speaker 2: is a lot of freedom and a lot of justice, 47 00:02:50,960 --> 00:02:54,400 Speaker 2: and we have it both and it's working really well 48 00:02:54,520 --> 00:03:00,760 Speaker 2: right now. And you know, when you give the administration 49 00:03:00,880 --> 00:03:05,000 Speaker 2: a lot of credit, immediately you get pigeonholed, people like, oh, well, 50 00:03:05,040 --> 00:03:08,480 Speaker 2: lose just as a big Trump supporter. That's why he's 51 00:03:08,480 --> 00:03:10,960 Speaker 2: saying this. He's a he's you know, just kind of 52 00:03:11,840 --> 00:03:15,360 Speaker 2: puffing him up because he likes Trump. I do like 53 00:03:15,440 --> 00:03:19,160 Speaker 2: President Trump's policies. I did vote for President Trump. I 54 00:03:19,200 --> 00:03:22,680 Speaker 2: am happy with the results, and I'm here to tell 55 00:03:22,720 --> 00:03:26,919 Speaker 2: you should be. Two job numbers came out today and 56 00:03:27,000 --> 00:03:30,160 Speaker 2: they're through the roof. We want jobs. Job creation is 57 00:03:30,200 --> 00:03:32,320 Speaker 2: a good thing. Remember the one of the two things 58 00:03:32,360 --> 00:03:34,880 Speaker 2: I said government has to do create conditions in which 59 00:03:34,920 --> 00:03:37,520 Speaker 2: you can live a good life. Jobs is the way 60 00:03:37,520 --> 00:03:43,320 Speaker 2: to doing that. More jobs created means more choices, grab 61 00:03:43,360 --> 00:03:44,480 Speaker 2: a better job if you want. 62 00:03:45,920 --> 00:03:46,040 Speaker 3: So. 63 00:03:46,480 --> 00:03:49,640 Speaker 2: The government creating conditions in which jobs are created in 64 00:03:49,720 --> 00:03:53,480 Speaker 2: many sectors is a really good thing. You don't see 65 00:03:53,480 --> 00:03:55,880 Speaker 2: that happening in other countries all the time, and you 66 00:03:55,920 --> 00:03:58,320 Speaker 2: did not see that happening in this country under the 67 00:03:58,320 --> 00:04:01,520 Speaker 2: Biden administration and certainly not under the eight years of 68 00:04:01,560 --> 00:04:06,240 Speaker 2: Obama and Trump's don't have been president for three hundred 69 00:04:06,280 --> 00:04:10,480 Speaker 2: and eighty six days, just over a year, and jobs 70 00:04:10,520 --> 00:04:14,600 Speaker 2: are booming. The numbers came out this morning. Here's how 71 00:04:14,640 --> 00:04:18,799 Speaker 2: it sounded on CNBC. Hey, rolls for January coming in twice. 72 00:04:18,920 --> 00:04:20,400 Speaker 1: Expectations had one. 73 00:04:20,440 --> 00:04:24,840 Speaker 2: Hundred and thirty thousand. That would be the juiciest, juiciest. 74 00:04:24,880 --> 00:04:27,080 Speaker 2: Here's how it sounded on Fox Business. 75 00:04:27,200 --> 00:04:30,760 Speaker 4: One hundred and thirty thousand jobs created for the month 76 00:04:30,800 --> 00:04:31,680 Speaker 4: of January. 77 00:04:31,960 --> 00:04:33,640 Speaker 1: The estimate was seventy thousand. 78 00:04:33,720 --> 00:04:34,680 Speaker 2: Wow is right, Maria? 79 00:04:34,839 --> 00:04:35,479 Speaker 5: Wow is right? 80 00:04:35,560 --> 00:04:40,159 Speaker 2: Maria. Here's how it sounded on dour CNN. This is 81 00:04:40,240 --> 00:04:44,360 Speaker 2: a hot jobs report. I mean, there's really nothing in 82 00:04:44,400 --> 00:04:47,839 Speaker 2: this not to like. Oh they were looking for something 83 00:04:47,880 --> 00:04:50,599 Speaker 2: not to like over at CNN. They couldn't find anything 84 00:04:50,640 --> 00:04:55,880 Speaker 2: not to like. Jobs are good. It's not easy to 85 00:04:55,920 --> 00:04:59,560 Speaker 2: create conditions in which jobs are created. And this president 86 00:04:59,680 --> 00:05:06,360 Speaker 2: has everything he said has worked, and now they're jobs 87 00:05:07,720 --> 00:05:10,400 Speaker 2: and people can take advantage of those job opportunities or not, 88 00:05:10,720 --> 00:05:16,440 Speaker 2: but at least they're there. And what's really great, and 89 00:05:16,640 --> 00:05:22,719 Speaker 2: I say this as a former federal employee Finally, we 90 00:05:22,760 --> 00:05:25,719 Speaker 2: are reducing the size and the scope of the federal government, 91 00:05:25,800 --> 00:05:29,200 Speaker 2: which has been in albatross. It's so expensive to have 92 00:05:29,240 --> 00:05:32,640 Speaker 2: a huge federal bureaucracy, and it is impossible to fire 93 00:05:32,680 --> 00:05:37,040 Speaker 2: federal workers even if they suck, and most of them do. 94 00:05:38,080 --> 00:05:42,039 Speaker 2: The federal government is populated with c students. Trust me 95 00:05:42,080 --> 00:05:45,240 Speaker 2: when I tell you I was there, and it's impossible 96 00:05:45,279 --> 00:05:48,280 Speaker 2: to get rid of them. They could shut up the 97 00:05:48,320 --> 00:05:50,200 Speaker 2: work drunk and you can't fire them. 98 00:05:52,080 --> 00:05:52,599 Speaker 1: It's true. 99 00:05:52,680 --> 00:05:55,960 Speaker 2: Did you know that? Because alcoholism is a disease, So 100 00:05:56,000 --> 00:05:58,040 Speaker 2: of course the management's got to offer them a treatment 101 00:05:58,080 --> 00:06:02,080 Speaker 2: plan and then they go back to work or like 102 00:06:02,120 --> 00:06:06,400 Speaker 2: whatever their problem. They've all got problems, and they're just 103 00:06:06,440 --> 00:06:09,800 Speaker 2: a dead weight on the American taxpayer, and you got 104 00:06:10,080 --> 00:06:12,240 Speaker 2: it's a bye. You gotta wait for them to retire, 105 00:06:12,600 --> 00:06:14,000 Speaker 2: and then you gotta pay him at pension. It's just 106 00:06:14,040 --> 00:06:17,880 Speaker 2: a horrible thing. Anybody that's ever gone back to Washington, 107 00:06:17,920 --> 00:06:20,039 Speaker 2: d C. To run an agency that came from the 108 00:06:20,040 --> 00:06:23,360 Speaker 2: private sector, they always have the same story. I thought 109 00:06:23,360 --> 00:06:25,279 Speaker 2: I could reduce the size of the federal government. I can. 110 00:06:25,400 --> 00:06:28,080 Speaker 2: It's impossible to fire a federal employee, even if they're 111 00:06:28,160 --> 00:06:32,560 Speaker 2: terrible and they're all terrible. Well, the good news is 112 00:06:32,800 --> 00:06:38,360 Speaker 2: every month that Trump has been president, federal employment has 113 00:06:38,400 --> 00:06:42,239 Speaker 2: gone down. He has shed federal employees every single month. 114 00:06:42,440 --> 00:06:44,680 Speaker 2: And he's only been president for thirteen months. 115 00:06:44,440 --> 00:06:45,760 Speaker 6: But his numbers were great. 116 00:06:45,760 --> 00:06:48,159 Speaker 4: When you look under the hood, when you break this down, 117 00:06:48,320 --> 00:06:50,840 Speaker 4: you see that the private sector created one hundred and 118 00:06:50,920 --> 00:06:53,880 Speaker 4: seventy two thousand jobs with the unemployment rate falling, while 119 00:06:53,920 --> 00:06:57,360 Speaker 4: the government sector lost forty two thousand jobs. That every 120 00:06:57,400 --> 00:07:00,360 Speaker 4: month under President Trump, the federal government has shed job 121 00:07:00,560 --> 00:07:01,360 Speaker 4: every month. 122 00:07:01,760 --> 00:07:03,560 Speaker 2: Do you know how glorious that is? 123 00:07:04,880 --> 00:07:05,480 Speaker 6: Every month? 124 00:07:05,520 --> 00:07:07,840 Speaker 2: And like I said, he's only been president just over 125 00:07:07,880 --> 00:07:12,880 Speaker 2: a year. He was sworn in on January twentieth, so 126 00:07:12,960 --> 00:07:15,679 Speaker 2: it hasn't even been thirteen months and he has shit 127 00:07:16,000 --> 00:07:21,360 Speaker 2: federal jobs every month. That's beautiful. We got like thirty 128 00:07:21,400 --> 00:07:27,240 Speaker 2: six more months to go. Every Republican candidate for president 129 00:07:27,400 --> 00:07:31,480 Speaker 2: in my life promised me on the campaign trail that 130 00:07:31,560 --> 00:07:34,400 Speaker 2: he was going to reduce the size of the federal government. 131 00:07:36,120 --> 00:07:39,080 Speaker 2: This is the only president that has actively done it 132 00:07:39,240 --> 00:07:42,720 Speaker 2: at all, and he's doing it so well that it's 133 00:07:42,720 --> 00:07:48,320 Speaker 2: showing up in the jobs report and he's just getting going. Okay, 134 00:07:48,520 --> 00:07:50,960 Speaker 2: So where are all these jobs. What are we gonnall? 135 00:07:51,280 --> 00:07:52,120 Speaker 2: What are we gonna be doing? 136 00:07:52,160 --> 00:07:55,400 Speaker 4: Healthcare created eighty two thousand jobs, Construction thirty three thousand, 137 00:07:55,440 --> 00:07:59,480 Speaker 4: Manufacturing added five thousand, Professional and business services up thirty 138 00:07:59,520 --> 00:08:00,000 Speaker 4: four thousand. 139 00:08:00,200 --> 00:08:03,280 Speaker 2: Oh my god, jobs everywhere, the stuff for everybody to do. 140 00:08:03,400 --> 00:08:05,120 Speaker 2: Listen to those categories. That's interesting. 141 00:08:05,120 --> 00:08:06,640 Speaker 6: Healthcare created eighty two thousand jobs. 142 00:08:06,680 --> 00:08:09,000 Speaker 2: Gnah, healthcare You know what that is. That's the people 143 00:08:09,080 --> 00:08:12,040 Speaker 2: that you see in these great, big white buildings over 144 00:08:12,360 --> 00:08:16,240 Speaker 2: in a century city. That's all these kais are employees. 145 00:08:16,280 --> 00:08:19,120 Speaker 2: Healthcare is everything, right, not just doctors and hospitals. You 146 00:08:19,200 --> 00:08:22,200 Speaker 2: go into any of these medical facilities and what do 147 00:08:22,240 --> 00:08:26,320 Speaker 2: you see? The parking lot is filled with Toyotas and 148 00:08:26,440 --> 00:08:30,160 Speaker 2: lexus and everybody's got a tesla. All these nurses working, 149 00:08:30,400 --> 00:08:33,319 Speaker 2: driving brand new cars, paying off student loans. I mean, 150 00:08:33,320 --> 00:08:37,240 Speaker 2: that's a good business to be in. These people respiratory 151 00:08:37,240 --> 00:08:40,440 Speaker 2: texts and lab techs and people drawing blood. They're all 152 00:08:40,440 --> 00:08:44,720 Speaker 2: making good money and those jobs and that sector is growing. 153 00:08:44,760 --> 00:08:47,440 Speaker 6: Construction thirty three thousand, manufacturings. 154 00:08:46,840 --> 00:08:48,240 Speaker 2: Wait wait, he's a construction. 155 00:08:48,559 --> 00:08:50,000 Speaker 6: Construction thirty three thousand. 156 00:08:50,280 --> 00:08:53,160 Speaker 3: Wait a minute, now, now, now, now, now, we were 157 00:08:53,280 --> 00:08:59,079 Speaker 3: told that If President Trump continues with this mass deportation 158 00:08:59,320 --> 00:09:02,439 Speaker 3: of illegal aliens, construction was gonna collapse. 159 00:09:02,920 --> 00:09:07,160 Speaker 2: Remember, we were told this is not good. If Trump 160 00:09:07,160 --> 00:09:10,440 Speaker 2: administration continues to send ice to all these construction sites, 161 00:09:10,520 --> 00:09:13,040 Speaker 2: oh man, we're not gonna have This is gonna be 162 00:09:13,080 --> 00:09:15,600 Speaker 2: a stall in construction. There's gonna be a housing stall 163 00:09:15,920 --> 00:09:18,920 Speaker 2: because only illegals know how to swing a hammer and 164 00:09:19,000 --> 00:09:21,360 Speaker 2: Americans don't want to do those jobs. Right. We were 165 00:09:21,360 --> 00:09:25,200 Speaker 2: told that construction was going to collapse under the Trump 166 00:09:25,240 --> 00:09:30,400 Speaker 2: administration because of immigration enforcement. That was wrong. 167 00:09:30,440 --> 00:09:33,480 Speaker 4: Construction thirty three thousand. Manufacturing added five thousand. 168 00:09:33,559 --> 00:09:37,000 Speaker 2: Wait manufacturing, wait, no, no, no, that can't be right. 169 00:09:37,080 --> 00:09:40,560 Speaker 2: We were told the Trump trade war, these tariffs, they're 170 00:09:40,600 --> 00:09:44,160 Speaker 2: no good tariffs just cause a trade war. How can 171 00:09:44,600 --> 00:09:46,840 Speaker 2: manufacturing is not gonna come back to the United States, 172 00:09:46,880 --> 00:09:49,760 Speaker 2: lou these tariffs, you're just living in a dream, member, 173 00:09:49,880 --> 00:09:51,880 Speaker 2: Smoot Hawley and all that. Y Oh, you gotta go 174 00:09:51,920 --> 00:09:55,480 Speaker 2: with free trade. Americans are not gonna manufacture anything. That's 175 00:09:55,520 --> 00:09:57,439 Speaker 2: what the Chinese are for. And these tariffs are just 176 00:09:57,480 --> 00:10:00,280 Speaker 2: gonna cause a trade war, and it's gonna sp the 177 00:10:00,280 --> 00:10:02,760 Speaker 2: price of everything, and nobody's gonna have any money. And 178 00:10:02,760 --> 00:10:06,000 Speaker 2: all the plastic crap from China in Walmart's gonna skyrocket, 179 00:10:06,000 --> 00:10:08,160 Speaker 2: and it's gonna be a tax on Americans. Is that 180 00:10:08,200 --> 00:10:13,040 Speaker 2: what you want? Turns out it wasn't true. Manufacturing and 181 00:10:13,160 --> 00:10:13,960 Speaker 2: crea three thousand. 182 00:10:14,040 --> 00:10:18,120 Speaker 4: Manufacturing added five thousand, Professional and business services up thirty 183 00:10:18,160 --> 00:10:19,079 Speaker 4: four thousand jobs. 184 00:10:19,200 --> 00:10:22,079 Speaker 2: Jobs every professional and business services. I like the sound 185 00:10:22,080 --> 00:10:27,400 Speaker 2: of that. So here we are. You got to give 186 00:10:27,400 --> 00:10:30,760 Speaker 2: credit where credit is due, whether you like it or not. 187 00:10:31,840 --> 00:10:38,120 Speaker 2: The Trump Economic agenda is amazing. It is working. Everything 188 00:10:38,240 --> 00:10:42,440 Speaker 2: he said is working. This is about as good of 189 00:10:42,480 --> 00:10:45,960 Speaker 2: condition on employments, down wages, erupt jobs everywhere. This is 190 00:10:45,960 --> 00:10:48,800 Speaker 2: about as good as it gets. So if you're not 191 00:10:48,920 --> 00:10:54,280 Speaker 2: doing well under these conditions, it's not the government, it's you. 192 00:10:54,280 --> 00:10:58,160 Speaker 1: You're listening to KFI AM six forty on demand. 193 00:10:59,520 --> 00:11:01,920 Speaker 2: Some interest numbers that came out today, I mean really 194 00:11:02,000 --> 00:11:06,240 Speaker 2: really good economic numbers. And it's being driven by this 195 00:11:06,400 --> 00:11:10,199 Speaker 2: White House, specifically this White House and its economic agenda. 196 00:11:10,480 --> 00:11:14,040 Speaker 2: The President of the United States sets the national economic agenda, 197 00:11:14,480 --> 00:11:18,600 Speaker 2: Congress is in charge of the purse strings, the Senate 198 00:11:18,640 --> 00:11:21,960 Speaker 2: doesn't do much, and the Supreme Court waits for the 199 00:11:21,960 --> 00:11:26,120 Speaker 2: Court of Appeals to hand something over Once the president 200 00:11:26,200 --> 00:11:31,040 Speaker 2: is elected, it's his job to set economic agenda, and 201 00:11:31,120 --> 00:11:35,400 Speaker 2: he has and it was critical. Every single thing that 202 00:11:35,559 --> 00:11:40,360 Speaker 2: he wanted to do he was criticized for. And here 203 00:11:40,360 --> 00:11:43,760 Speaker 2: we are a year later, and the January jobs report 204 00:11:43,800 --> 00:11:46,680 Speaker 2: is out and everybody is just shocked with how good 205 00:11:46,720 --> 00:11:50,600 Speaker 2: things are and the direction things are going, and it's 206 00:11:50,600 --> 00:11:53,720 Speaker 2: going to get better. Now. There is a diminishing level 207 00:11:53,760 --> 00:11:58,800 Speaker 2: of marginal return on prosperity. In economics, we have this 208 00:11:58,840 --> 00:12:02,920 Speaker 2: principle called the dominionishing level of marginal return. I can't 209 00:12:02,920 --> 00:12:10,920 Speaker 2: go into it now, but basically it it will. You're 210 00:12:11,360 --> 00:12:14,000 Speaker 2: you're you're only gonna get a little bit happier over time, 211 00:12:15,040 --> 00:12:18,440 Speaker 2: Like your happiness is going to begin to diminish because 212 00:12:18,679 --> 00:12:21,720 Speaker 2: it's not going to get a whole lot better than great. 213 00:12:22,200 --> 00:12:25,400 Speaker 2: Like full employment can't get much better. Four percent is 214 00:12:25,400 --> 00:12:31,280 Speaker 2: considered full employment, right, job growth and job creation in 215 00:12:31,400 --> 00:12:35,600 Speaker 2: all sectors is pretty great. Not gonna get a whole 216 00:12:35,600 --> 00:12:42,240 Speaker 2: lot better than that. And yet when polled, let's see 217 00:12:42,280 --> 00:12:47,280 Speaker 2: here seven and ten Americans, sixty eight percent of Americans 218 00:12:47,320 --> 00:12:51,200 Speaker 2: polled today still view the economy negatively and are about 219 00:12:51,400 --> 00:12:56,880 Speaker 2: and are pessimistic about the future. Yet the numbers are optimistic. 220 00:12:57,160 --> 00:12:59,640 Speaker 2: So there is a disconnect between the average American and 221 00:13:00,160 --> 00:13:05,600 Speaker 2: the reality of the opportunity in front of them. So 222 00:13:05,760 --> 00:13:08,280 Speaker 2: that's where the work is at this point. The work 223 00:13:08,480 --> 00:13:12,560 Speaker 2: isn't creating the conditions for which you can live a 224 00:13:12,720 --> 00:13:18,160 Speaker 2: great life and make money and earn and buy yourself 225 00:13:18,200 --> 00:13:21,520 Speaker 2: wonderful things and get yourself a beautiful wife and get 226 00:13:21,559 --> 00:13:25,800 Speaker 2: yourself a fast car. Like the conditions are there. The 227 00:13:25,920 --> 00:13:32,880 Speaker 2: disconnect is people's expectation that it'll happen for them. And 228 00:13:33,040 --> 00:13:35,600 Speaker 2: that's kind of a rough These do not stop drinking. 229 00:13:36,480 --> 00:13:40,680 Speaker 2: I'm not drinking kool aid. I'm drinking branch chain amino 230 00:13:40,720 --> 00:13:43,760 Speaker 2: acids mixed with water. And I don't even really know 231 00:13:43,800 --> 00:13:47,559 Speaker 2: what that is. But does somebody here turn me onto that. 232 00:13:47,600 --> 00:13:49,800 Speaker 5: It's to nursing and how much they are paid. 233 00:13:50,240 --> 00:13:52,720 Speaker 2: That's why a lot of nurses have to work two jobs. 234 00:13:52,880 --> 00:13:56,920 Speaker 2: Nurses don't work two jobs. Okay, if anybody out there 235 00:13:57,240 --> 00:14:00,840 Speaker 2: with an RN is working two jobs, there's something you're 236 00:14:00,880 --> 00:14:06,040 Speaker 2: doing wrong. It's not Kaiser, But I appreciate the call. 237 00:14:06,360 --> 00:14:09,320 Speaker 2: Lou love the show on KFI and it's at night. 238 00:14:09,440 --> 00:14:10,920 Speaker 6: Can you spice it up a little bit? 239 00:14:11,000 --> 00:14:13,760 Speaker 2: Trying to spice it up a little bit by laying 240 00:14:13,800 --> 00:14:15,960 Speaker 2: out the facts because nobody else will do it right, 241 00:14:16,160 --> 00:14:19,360 Speaker 2: nobody else, And they barely do it in the news. 242 00:14:19,400 --> 00:14:23,280 Speaker 2: I mean they can barely do it on business news, 243 00:14:23,880 --> 00:14:27,680 Speaker 2: like who watches business news except a subset of people 244 00:14:27,680 --> 00:14:32,160 Speaker 2: that are watching news, And even on the business news channels, 245 00:14:33,360 --> 00:14:35,280 Speaker 2: they're talking about it a bit, but it isn't talked 246 00:14:35,320 --> 00:14:38,840 Speaker 2: about at the level of importance that it should be. 247 00:14:39,920 --> 00:14:44,520 Speaker 2: Like unemployment numbers, wage growth and expansion of job opportunities 248 00:14:44,560 --> 00:14:49,800 Speaker 2: in various sectors. That all sounds very CNBC way more 249 00:14:49,840 --> 00:14:56,800 Speaker 2: important than Savannah Guthrie's mom. Way like to your life 250 00:14:56,960 --> 00:14:59,600 Speaker 2: and your ability to pay your bills and get ahead 251 00:14:59,600 --> 00:15:04,040 Speaker 2: of the game and get everything you want. It is 252 00:15:04,120 --> 00:15:07,200 Speaker 2: really way more important. Wage growth, really really big thing. 253 00:15:07,800 --> 00:15:11,280 Speaker 2: Job growth in categories really really big thing, because that 254 00:15:11,320 --> 00:15:15,080 Speaker 2: gives you choices here in America. You can choose to 255 00:15:15,200 --> 00:15:18,720 Speaker 2: continue to work or you can choose to do something else. 256 00:15:22,160 --> 00:15:23,560 Speaker 2: I mean, listen to these categories. 257 00:15:23,600 --> 00:15:26,760 Speaker 4: Healthcare created eighty two thousand jobs, construction thirty three thousand, 258 00:15:26,800 --> 00:15:28,400 Speaker 4: manufacturing added five thousand. 259 00:15:28,480 --> 00:15:31,640 Speaker 2: Okay, right there there you go. Healthcare is an educated profession, 260 00:15:32,240 --> 00:15:34,240 Speaker 2: so you need a degree or you need some kind 261 00:15:34,240 --> 00:15:38,560 Speaker 2: of training or you need education, right, Okay, what about 262 00:15:38,560 --> 00:15:42,080 Speaker 2: people that don't have that? Oh construction, construction requires training 263 00:15:42,160 --> 00:15:46,760 Speaker 2: and skill, but not a degree. They created jobs too. 264 00:15:47,120 --> 00:15:51,040 Speaker 2: Oh that's great. What else manufacturing? Manufacturing? Now you're sounding 265 00:15:51,040 --> 00:15:54,960 Speaker 2: like Lou Penrose. Yes, manufacturing is so important and it's 266 00:15:55,000 --> 00:15:59,720 Speaker 2: coming back. I have been talking about this and championing 267 00:16:01,120 --> 00:16:07,200 Speaker 2: American manufacturing as an economic engine since before I can remember. 268 00:16:07,240 --> 00:16:08,760 Speaker 2: I mean, you have to go back to the yearly 269 00:16:08,880 --> 00:16:11,720 Speaker 2: nineties when I was on this kick that we need 270 00:16:11,760 --> 00:16:15,000 Speaker 2: to start manufacturing things in the United States again, and 271 00:16:15,120 --> 00:16:20,560 Speaker 2: we are finally doing it after being told by Governor 272 00:16:20,600 --> 00:16:24,400 Speaker 2: Bill Clinton on the campaign trail that those factory jobs 273 00:16:24,400 --> 00:16:27,640 Speaker 2: are never coming back. But what I can do for 274 00:16:27,680 --> 00:16:30,920 Speaker 2: you is get Republicans to tax the rich to get 275 00:16:30,960 --> 00:16:36,240 Speaker 2: a government program to retrain you. That was the campaign trail, 276 00:16:36,280 --> 00:16:40,440 Speaker 2: that was the campaign promise that got Arkansas Governor Bill 277 00:16:40,440 --> 00:16:43,760 Speaker 2: Clinton elected in the nineties. Factory jobs are all closing down, 278 00:16:43,760 --> 00:16:46,640 Speaker 2: but I'm going to retrain you. And I said, why 279 00:16:46,920 --> 00:16:49,040 Speaker 2: not just keep the factories open? Why do we have 280 00:16:49,040 --> 00:16:52,360 Speaker 2: to retrain Americans to make stuff that we buy? Why 281 00:16:52,400 --> 00:16:55,040 Speaker 2: do we have to ship the jobs to China? Then 282 00:16:55,160 --> 00:16:58,520 Speaker 2: came Texas Governor George W. Bush. Oh, no, free trade 283 00:16:58,600 --> 00:17:02,160 Speaker 2: is good. No, it's good. No tariffs, no barriers, no 284 00:17:02,280 --> 00:17:06,480 Speaker 2: trade walls. Let's let the marketplace decide and the jobs 285 00:17:06,520 --> 00:17:10,239 Speaker 2: go where the labor is the cheapest. And you know 286 00:17:10,280 --> 00:17:12,040 Speaker 2: that'll bring down the cost. And that's good for the 287 00:17:12,080 --> 00:17:14,840 Speaker 2: American consumer because that brings down the cost loo And 288 00:17:14,880 --> 00:17:17,600 Speaker 2: that's what free trade is all about. No barriers, just freedom. 289 00:17:18,280 --> 00:17:21,520 Speaker 2: Read the Wall Street Journal and I said, Governor, what 290 00:17:21,600 --> 00:17:24,720 Speaker 2: about the jobs lost in the Midwest and all these factories, Well, 291 00:17:24,760 --> 00:17:29,119 Speaker 2: we'll find something for them to do. Never happened. And 292 00:17:29,200 --> 00:17:31,320 Speaker 2: we got a bunch of plastic craft from China on 293 00:17:31,359 --> 00:17:32,160 Speaker 2: the shelf. 294 00:17:33,440 --> 00:17:33,720 Speaker 5: Right. 295 00:17:33,760 --> 00:17:37,520 Speaker 2: And then came Obama. Senator Obama, Now we're gonna continue 296 00:17:37,520 --> 00:17:43,639 Speaker 2: with free trade, okay, so just do more of it, 297 00:17:43,680 --> 00:17:46,720 Speaker 2: ship more jobs overseas. And that's what we did. That 298 00:17:46,840 --> 00:17:49,840 Speaker 2: was the Obama solution to the debacle that was shipping 299 00:17:49,880 --> 00:17:52,359 Speaker 2: all the jobs to China, was opening up markets in 300 00:17:52,480 --> 00:17:58,920 Speaker 2: Vietnam and the Philippines, in Southeast Asia. It's like all 301 00:17:58,960 --> 00:18:02,080 Speaker 2: the manufacturing moved moved to China. Well, we're going to 302 00:18:02,160 --> 00:18:06,440 Speaker 2: open up plants in Pakistan. So now everything in the 303 00:18:06,520 --> 00:18:09,359 Speaker 2: Walmart if it's not made in China, it's made in Pakistan, 304 00:18:09,440 --> 00:18:12,440 Speaker 2: which is pretty much the case. Everything in Walmart is 305 00:18:12,480 --> 00:18:15,360 Speaker 2: made in China except for the linen, which is made 306 00:18:15,400 --> 00:18:19,360 Speaker 2: in Pakistan. Thanks to the Obama administrations opening up those 307 00:18:19,400 --> 00:18:22,320 Speaker 2: trade partnerships. Not sure how that helped Americans. Oh, it 308 00:18:22,400 --> 00:18:27,399 Speaker 2: brought down the price. It's crap though, right, And now 309 00:18:27,520 --> 00:18:29,960 Speaker 2: we have President Trump saying, oh, no, we're gonna bring 310 00:18:29,960 --> 00:18:33,199 Speaker 2: all those jobs back to America. And until we do that, 311 00:18:33,240 --> 00:18:36,080 Speaker 2: we're going to erect a tariff so that they either 312 00:18:36,119 --> 00:18:38,880 Speaker 2: move the jobs and manufacturing back to American and hire 313 00:18:38,920 --> 00:18:44,400 Speaker 2: Americans faster, or they pay a tariff for the luxury 314 00:18:44,440 --> 00:18:48,399 Speaker 2: of selling their crap in the United States. And he 315 00:18:48,560 --> 00:18:51,440 Speaker 2: was right, and it's worked. The prices haven't gone up. 316 00:18:51,680 --> 00:18:55,040 Speaker 2: We are quickly moving and reassuring American manufacturing to the 317 00:18:55,119 --> 00:18:57,720 Speaker 2: United States. Who just heard it in the jobs report, 318 00:18:58,080 --> 00:18:59,080 Speaker 2: manufacturing is up. 319 00:18:59,240 --> 00:19:01,200 Speaker 6: Manufacturing I did five thousand. 320 00:19:01,119 --> 00:19:04,080 Speaker 2: Yeah, five thousand jobs, not small in a month in 321 00:19:04,080 --> 00:19:08,080 Speaker 2: a country that they said would never manufacture again. And 322 00:19:08,400 --> 00:19:11,480 Speaker 2: in the short term, we're getting tariff revenue. And you 323 00:19:11,520 --> 00:19:13,600 Speaker 2: know what we're doing with the tariff revenue, We're giving 324 00:19:13,640 --> 00:19:17,280 Speaker 2: it to the farmers who can't sell their soybeans in 325 00:19:17,359 --> 00:19:20,560 Speaker 2: China because China is trying to fight hardball on the 326 00:19:20,600 --> 00:19:24,920 Speaker 2: trade war. We can subsidize soybean farmers for a lot 327 00:19:25,040 --> 00:19:29,080 Speaker 2: longer then China can afford to not sell their plastic 328 00:19:29,240 --> 00:19:33,040 Speaker 2: crap to the ninety nine cents store. So we will win. 329 00:19:33,680 --> 00:19:34,720 Speaker 2: There's no way to lose. 330 00:19:35,760 --> 00:19:39,560 Speaker 1: You're listening to KFI AM six forty on demand. 331 00:19:43,520 --> 00:19:47,000 Speaker 5: And Ladronigan and once again you're right. My mom was 332 00:19:47,320 --> 00:19:50,840 Speaker 5: an urn Forcuiser for twenty years. She had no problem 333 00:19:50,840 --> 00:19:55,639 Speaker 5: paying for a new car, house, spouse, and three kids, 334 00:19:56,160 --> 00:19:59,120 Speaker 5: all on her own if she wanted. And they get 335 00:19:59,119 --> 00:20:00,360 Speaker 5: a lot of paid time off. 336 00:20:00,440 --> 00:20:04,200 Speaker 2: By the way, that I appreciate the call. No nurses 337 00:20:04,560 --> 00:20:09,919 Speaker 2: do well and the healthcare industry is expanding, which is 338 00:20:09,920 --> 00:20:12,760 Speaker 2: good for nurses and everybody in the healthcare industry. Like 339 00:20:12,840 --> 00:20:16,159 Speaker 2: these are the conditions we want forget Trump. I know 340 00:20:16,760 --> 00:20:22,240 Speaker 2: that it is triggering for some to admit that the 341 00:20:22,320 --> 00:20:28,000 Speaker 2: policies are working. They are in fact creating conditions where 342 00:20:28,119 --> 00:20:30,960 Speaker 2: jobs are being created, which is what we want. It's 343 00:20:31,000 --> 00:20:34,560 Speaker 2: all we want are jobs, jobs and opportunity and wage growth. 344 00:20:35,960 --> 00:20:39,320 Speaker 2: And it's all happening, and it's happening faster than anybody expected, 345 00:20:41,840 --> 00:20:47,320 Speaker 2: and for some reason, the Trump hatred dilutes a lot 346 00:20:47,359 --> 00:20:51,000 Speaker 2: of people's ability to appreciate the good economic times. You 347 00:20:51,240 --> 00:20:55,720 Speaker 2: don't have to. He's not up for reelection, so it's over. 348 00:20:56,920 --> 00:21:00,000 Speaker 2: You vote for somebody else in twenty twenty eight. Vote 349 00:21:00,160 --> 00:21:03,520 Speaker 2: Kamala Harris is running, I think, and she's a leading 350 00:21:03,560 --> 00:21:08,199 Speaker 2: in the Democrat polls. So go vote for You had 351 00:21:08,200 --> 00:21:09,760 Speaker 2: a chance to vote for her, and then maybe now 352 00:21:09,800 --> 00:21:13,320 Speaker 2: she'll she'll be the candidate again. If it makes you happy, 353 00:21:13,400 --> 00:21:17,680 Speaker 2: But you cannot. Honestly, you cannot, I mean, if you 354 00:21:17,680 --> 00:21:22,600 Speaker 2: want to be intellectually honest with yourself, you cannot discount 355 00:21:22,760 --> 00:21:27,720 Speaker 2: these successes that we're having. And if you want to 356 00:21:27,800 --> 00:21:32,240 Speaker 2: just let Trump arrangement syndrome control your life, then call 357 00:21:32,320 --> 00:21:34,760 Speaker 2: me in twenty twenty eight and we'll talk then, because 358 00:21:34,840 --> 00:21:38,040 Speaker 2: until then it'd just be impossible to talk to you. 359 00:21:38,880 --> 00:21:39,120 Speaker 7: Man. 360 00:21:39,480 --> 00:21:43,920 Speaker 2: Justice is quite often wrong. You can't even get out 361 00:21:44,160 --> 00:21:46,679 Speaker 2: in jail unless you plead guilty to a crime you 362 00:21:46,720 --> 00:21:49,520 Speaker 2: didn't do, because you're offering your premarg and there let 363 00:21:49,520 --> 00:21:52,320 Speaker 2: you out. Hey appreciate the call. How do you use 364 00:21:52,359 --> 00:21:55,120 Speaker 2: the talkback mike while in a straight jacket. 365 00:21:55,160 --> 00:21:57,560 Speaker 4: Lou, You're right, no one else on mainstream will do 366 00:21:57,600 --> 00:21:59,240 Speaker 4: it except you on this station. 367 00:21:59,640 --> 00:22:01,040 Speaker 6: But uh love the show man. 368 00:22:01,160 --> 00:22:01,600 Speaker 5: Keep it up. 369 00:22:01,720 --> 00:22:05,399 Speaker 2: I appreciate the call. Somebody's got to be honest. 370 00:22:05,560 --> 00:22:08,240 Speaker 5: I was actually kind of happy you had stopped talking 371 00:22:08,880 --> 00:22:10,000 Speaker 5: so trumpy. 372 00:22:10,160 --> 00:22:13,320 Speaker 6: But I guess you're gonna, you know, lay it all out. 373 00:22:13,480 --> 00:22:15,440 Speaker 2: I am gonna lay it all out. Sorry it's too 374 00:22:15,480 --> 00:22:19,040 Speaker 2: trumpy for you. But he happens to be the person 375 00:22:19,119 --> 00:22:22,800 Speaker 2: in charge of the economic agenda, and I'm a big 376 00:22:22,840 --> 00:22:27,280 Speaker 2: fan of good economics, like I like that. At the 377 00:22:27,359 --> 00:22:30,119 Speaker 2: end of the day, that is what makes America work 378 00:22:30,560 --> 00:22:36,199 Speaker 2: is jobs and opportunity. That's all we want. Like you know, 379 00:22:36,240 --> 00:22:41,000 Speaker 2: the environment and all that stuff that's conversation. None of 380 00:22:41,040 --> 00:22:43,440 Speaker 2: it matters if you can't get to work. 381 00:22:45,760 --> 00:22:45,920 Speaker 5: Right. 382 00:22:46,000 --> 00:22:50,440 Speaker 2: And it's really great when there are more options. That's 383 00:22:50,480 --> 00:22:54,800 Speaker 2: why I'm such a huge proponent of manufacturing. That's why 384 00:22:54,840 --> 00:22:58,520 Speaker 2: I talk about it a lot. The the American economy 385 00:22:58,600 --> 00:23:01,880 Speaker 2: has always been entered raditionally. This has been a really 386 00:23:01,880 --> 00:23:03,840 Speaker 2: good thing for us, at least post World War Two. 387 00:23:04,320 --> 00:23:09,440 Speaker 2: There's three legs to a stool. There is professional services, 388 00:23:09,560 --> 00:23:11,560 Speaker 2: which by the way, was in the Jobs report, and 389 00:23:11,600 --> 00:23:17,480 Speaker 2: those have opened up two but professional services doctor, lawyer, businessman, accountant, architect, engineer. 390 00:23:18,280 --> 00:23:18,480 Speaker 5: Right. 391 00:23:18,520 --> 00:23:25,880 Speaker 2: These people have education and they are highly paid. Okay, 392 00:23:26,520 --> 00:23:32,000 Speaker 2: you got that. Then you have the service economy, right. 393 00:23:32,080 --> 00:23:35,680 Speaker 2: People that run the rides at Disneyland, people that come, 394 00:23:35,920 --> 00:23:38,320 Speaker 2: chambermaids that come and make your bed in the hotel room, 395 00:23:38,560 --> 00:23:42,040 Speaker 2: people that make the martini down at the hotel bar. Right, 396 00:23:42,080 --> 00:23:46,320 Speaker 2: people that work in the service industry. That's a leg 397 00:23:46,359 --> 00:23:50,040 Speaker 2: of the stool. We need those people. The third leg 398 00:23:50,320 --> 00:23:53,280 Speaker 2: is the leg that really drove the American economy post 399 00:23:53,280 --> 00:23:57,040 Speaker 2: World War two, and that was the manufacturing economy. That 400 00:23:57,200 --> 00:24:00,480 Speaker 2: is where we take raw materials in the United States 401 00:24:00,880 --> 00:24:06,919 Speaker 2: and turn raw materials into things for sale at the 402 00:24:07,000 --> 00:24:09,160 Speaker 2: store to each other. 403 00:24:11,960 --> 00:24:12,120 Speaker 5: Right. 404 00:24:12,200 --> 00:24:17,000 Speaker 2: And that those three legs of the stool propelled post 405 00:24:17,040 --> 00:24:22,400 Speaker 2: World War two America to a first World power so quickly, 406 00:24:22,960 --> 00:24:26,720 Speaker 2: like in under forty years, Like we didn't leave, you know, 407 00:24:27,200 --> 00:24:31,919 Speaker 2: World War two in the forties a superpower. We're just 408 00:24:32,000 --> 00:24:34,880 Speaker 2: like the only power standing. And a lot of rebuilding 409 00:24:34,880 --> 00:24:38,000 Speaker 2: had to go on in Europe and in Southeast Asia. 410 00:24:38,040 --> 00:24:41,600 Speaker 2: But it was utilizing those three legs of the stool 411 00:24:42,400 --> 00:24:45,760 Speaker 2: that really made us an economic engine and a powerhouse 412 00:24:46,119 --> 00:24:51,199 Speaker 2: that we could afford to build a superpower arsenal, and 413 00:24:51,240 --> 00:24:56,680 Speaker 2: now we're there. And for whatever reason, Republicans and Democrats 414 00:24:56,720 --> 00:24:59,720 Speaker 2: decided sometime around the late seventies and eighties, and I 415 00:24:59,800 --> 00:25:02,080 Speaker 2: know because I was there and I studied it while 416 00:25:02,080 --> 00:25:06,159 Speaker 2: I was in college, decided to ship all American manufacturing 417 00:25:06,240 --> 00:25:12,000 Speaker 2: overseas and put all the Americans out of work. And 418 00:25:12,040 --> 00:25:14,199 Speaker 2: I was like, what are you doing? Why would you 419 00:25:14,280 --> 00:25:17,679 Speaker 2: do that? We need all the things. And the argument 420 00:25:17,880 --> 00:25:22,120 Speaker 2: was it'll be cheaper, and that's good. But cheaper isn't 421 00:25:22,160 --> 00:25:25,800 Speaker 2: always good, and I would argue it's not cheaper. At 422 00:25:25,800 --> 00:25:28,879 Speaker 2: the end of the day. The social costs and the 423 00:25:28,880 --> 00:25:34,320 Speaker 2: welfare costs and the retraining costs and the healthcare costs 424 00:25:34,920 --> 00:25:40,360 Speaker 2: to unemployed factory workers was devastating to part not just towns, 425 00:25:40,400 --> 00:25:45,040 Speaker 2: sections of the country, the Midwest, the Pacific, Northwest, the 426 00:25:45,040 --> 00:25:52,840 Speaker 2: East Coast, Birmingham, Alabama, which is where iron count came from, right, 427 00:25:52,840 --> 00:25:56,800 Speaker 2: I mean, like these places were thriving and now they're devastating. 428 00:25:57,400 --> 00:26:00,720 Speaker 2: So I have been a champion of bringing American manufactoring back, 429 00:26:00,960 --> 00:26:04,439 Speaker 2: not just because American pride and made in America, not 430 00:26:04,640 --> 00:26:06,760 Speaker 2: just because of that. That all is nice, but it 431 00:26:06,800 --> 00:26:11,480 Speaker 2: all works. It employs Americans. Everything in your house, and 432 00:26:11,560 --> 00:26:14,880 Speaker 2: I mean everything in your house used to be made 433 00:26:15,280 --> 00:26:20,840 Speaker 2: in America at an American factory. Buy an American making 434 00:26:20,920 --> 00:26:25,200 Speaker 2: really good money. By the way, this was not media labor, 435 00:26:25,280 --> 00:26:28,119 Speaker 2: this was not minimum wage jobs. These were jobs with 436 00:26:28,280 --> 00:26:32,080 Speaker 2: security and growth opportunity. And by the way, they were 437 00:26:32,080 --> 00:26:35,280 Speaker 2: always hiring. You could go to college, or you could 438 00:26:35,320 --> 00:26:36,879 Speaker 2: head on over to the factory and there'd be a 439 00:26:36,920 --> 00:26:40,080 Speaker 2: sign out front the factory that said hiring today. They 440 00:26:40,119 --> 00:26:44,439 Speaker 2: were hiring and training constantly because they were expanding. Because 441 00:26:44,440 --> 00:26:47,440 Speaker 2: the country was expanding post World War two, people were 442 00:26:47,440 --> 00:26:50,960 Speaker 2: living good lives. There was prosperity. People were buying cars 443 00:26:51,000 --> 00:26:55,080 Speaker 2: and houses, so they need refrigerators and televisions and electronics 444 00:26:55,119 --> 00:27:03,040 Speaker 2: and thermostats and air conditioning units companies, so they needed 445 00:27:03,040 --> 00:27:06,000 Speaker 2: more people to make more stuff. And when you go 446 00:27:06,119 --> 00:27:10,520 Speaker 2: and buy an oven or a washing machine, or a 447 00:27:10,640 --> 00:27:14,800 Speaker 2: dryer or a refrigerator that as American made, you're paying 448 00:27:14,840 --> 00:27:19,400 Speaker 2: the salary of the guy that assembled your Westinghouse refrigerator 449 00:27:19,560 --> 00:27:24,280 Speaker 2: or your General Electric refrigerator in Ohio. And you're also 450 00:27:24,320 --> 00:27:26,560 Speaker 2: paying the salary of the guy that brought in the 451 00:27:26,560 --> 00:27:28,720 Speaker 2: aluminum and the steel and the rubber and the plastic, 452 00:27:28,760 --> 00:27:31,720 Speaker 2: and the lamps and the electronics in the back and 453 00:27:31,840 --> 00:27:37,000 Speaker 2: the compressor and the compressors were made with iron from Birmingham, 454 00:27:37,040 --> 00:27:41,200 Speaker 2: Alabama that was carted up to the factories on rail lines. 455 00:27:43,200 --> 00:27:46,720 Speaker 2: But it was all this cash circulating in the United States. 456 00:27:50,080 --> 00:27:55,439 Speaker 2: And the number is seven. When you go write a 457 00:27:55,560 --> 00:27:58,960 Speaker 2: check for a brand new refrigerator that's manufactured in the 458 00:27:59,040 --> 00:28:04,520 Speaker 2: United States, the economists tell us that money circulates seven times. 459 00:28:05,840 --> 00:28:08,040 Speaker 2: And when you think about it, that's about right. The 460 00:28:08,119 --> 00:28:12,040 Speaker 2: raw materials, the people that are in charge of logistics 461 00:28:12,040 --> 00:28:15,040 Speaker 2: of getting the raw materials to the factory, the people 462 00:28:15,080 --> 00:28:17,800 Speaker 2: that work at the factory. Then the factory guy goes 463 00:28:17,840 --> 00:28:20,240 Speaker 2: out the lunch, so the little lunch and net makes money. 464 00:28:20,640 --> 00:28:23,520 Speaker 2: And then the factory guy takes his check, his paycheck, 465 00:28:23,560 --> 00:28:25,880 Speaker 2: he goes home and he's got his wife and his kids, 466 00:28:25,880 --> 00:28:27,600 Speaker 2: and then they go out to dinner on Friday night. 467 00:28:28,119 --> 00:28:30,880 Speaker 2: I mean that money circulates in all these factory towns. 468 00:28:31,040 --> 00:28:33,680 Speaker 2: And you needed the refrigerator anyway, and it was a 469 00:28:33,760 --> 00:28:38,920 Speaker 2: high quality refrigerator made in America, like everything in your 470 00:28:38,920 --> 00:28:42,640 Speaker 2: house used to be high quality, like commercial grade, heavy 471 00:28:42,720 --> 00:28:48,080 Speaker 2: duty stuff. Now you go buy a refrigerator and they'll 472 00:28:48,080 --> 00:28:50,920 Speaker 2: tell you at the store that the compressor won't last. 473 00:28:50,960 --> 00:28:53,560 Speaker 2: You know why these can talk to a HVAC guy. 474 00:28:53,840 --> 00:28:56,200 Speaker 2: You know why these compressors don't last in any of 475 00:28:56,240 --> 00:28:59,680 Speaker 2: these refrigerators, whether it's the kitchen fridge or you got 476 00:28:59,680 --> 00:29:05,240 Speaker 2: a little dorm fridge. I've probably had five wine fridges, 477 00:29:05,360 --> 00:29:08,120 Speaker 2: and it's not because I'm fufu or I you know, 478 00:29:08,120 --> 00:29:11,600 Speaker 2: I need a wine fridge because I'm you know, that 479 00:29:11,720 --> 00:29:14,440 Speaker 2: kind of guy. There was a trash compactor in my 480 00:29:14,560 --> 00:29:17,479 Speaker 2: kitchen that smelled and I hated it, so I had 481 00:29:17,520 --> 00:29:20,360 Speaker 2: to pull it out. And nobody uses a trash compactor, 482 00:29:20,400 --> 00:29:24,200 Speaker 2: so it left an opening for a wine fridge, and 483 00:29:24,320 --> 00:29:26,720 Speaker 2: so that's what was there. I just liked the blue light. 484 00:29:27,120 --> 00:29:29,440 Speaker 2: I mean, I really don't understand what temperature the one 485 00:29:29,520 --> 00:29:31,520 Speaker 2: supposed to be anyway, but I had to fill the 486 00:29:31,640 --> 00:29:34,200 Speaker 2: space in the kitchen. I must have went through five 487 00:29:35,080 --> 00:29:38,560 Speaker 2: because the compressors are junk. And I talked to a 488 00:29:38,600 --> 00:29:40,560 Speaker 2: guy who explained it to me. He said, yeah, we 489 00:29:40,680 --> 00:29:43,760 Speaker 2: used to make compressors in the United States from American iron, 490 00:29:43,880 --> 00:29:46,880 Speaker 2: which is what a compressor's made out of, and now 491 00:29:46,960 --> 00:29:51,200 Speaker 2: we import these ridiculous. Chinese made compressors that it's not 492 00:29:51,440 --> 00:29:55,840 Speaker 2: really iron like. They use some weird alloy that's junk, 493 00:29:56,520 --> 00:29:58,840 Speaker 2: and they do it because it's lighter for shipping costs. 494 00:29:59,640 --> 00:30:01,280 Speaker 2: And you're lucky if you got to get three years 495 00:30:01,320 --> 00:30:03,880 Speaker 2: out of it. And if you do get three years 496 00:30:03,880 --> 00:30:05,680 Speaker 2: out of the compressor, it won't matter because the relay 497 00:30:05,720 --> 00:30:11,840 Speaker 2: switch will break or the insulation will rub off. Right, 498 00:30:11,880 --> 00:30:14,480 Speaker 2: it's just junk. It's designed to be thrown in the landfill. 499 00:30:15,000 --> 00:30:17,640 Speaker 2: That isn't the way we used to treat appliances in 500 00:30:17,680 --> 00:30:20,600 Speaker 2: the United States. So it's not working. It's not a 501 00:30:20,600 --> 00:30:23,840 Speaker 2: good plan. It fills the landfill, it costs you money 502 00:30:23,840 --> 00:30:25,640 Speaker 2: because you gotta buy it five times. It's not good 503 00:30:25,640 --> 00:30:28,240 Speaker 2: form Mother Earth. It's not good for your pocketbook, it's 504 00:30:28,280 --> 00:30:30,080 Speaker 2: not good for the American worker. It's not good for 505 00:30:30,120 --> 00:30:34,400 Speaker 2: your kitchen. So the solution is to bring the jobs 506 00:30:34,440 --> 00:30:37,719 Speaker 2: back to the United States and manufacture the things that 507 00:30:37,760 --> 00:30:41,160 Speaker 2: we buy in the United States. And good news, the 508 00:30:41,280 --> 00:30:46,040 Speaker 2: infrastructure is already there. Believe it or not. There's rail 509 00:30:46,080 --> 00:30:49,320 Speaker 2: lines that go right to the factory towns and right 510 00:30:49,360 --> 00:30:52,240 Speaker 2: to the raw material mills, and the rail spur goes 511 00:30:52,320 --> 00:30:54,240 Speaker 2: right up to the loading dock. It's just laying there. 512 00:30:54,360 --> 00:30:56,560 Speaker 2: Might be covered in grass, got to get a weed whacker, 513 00:30:56,640 --> 00:30:59,480 Speaker 2: but it's all already laid out. And these rail lines 514 00:30:59,520 --> 00:31:02,480 Speaker 2: go to every major city in the United States. It's 515 00:31:02,520 --> 00:31:07,160 Speaker 2: almost like they gifted us a distribution network for free. 516 00:31:07,400 --> 00:31:10,320 Speaker 2: All we gotta do is fire up the factories. You're 517 00:31:10,320 --> 00:31:15,840 Speaker 2: gonna buy a refrigerator anyway, and hire Americans and away 518 00:31:15,880 --> 00:31:16,280 Speaker 2: we go. 519 00:31:17,520 --> 00:31:20,960 Speaker 1: You're listening to KFI AM six forty on demand. 520 00:31:22,480 --> 00:31:26,400 Speaker 2: The strip club industry in Las Vegas is going away. 521 00:31:27,880 --> 00:31:32,360 Speaker 2: Can you believe it? Yeah, strip clubs are closing down 522 00:31:33,560 --> 00:31:36,440 Speaker 2: in Vegas and they're very concerned because there's a lot 523 00:31:36,520 --> 00:31:42,040 Speaker 2: of them, and they occupy large footprints, like some of 524 00:31:42,080 --> 00:31:45,760 Speaker 2: the strip clubs in Vegas off the strip are I mean, 525 00:31:45,760 --> 00:31:50,440 Speaker 2: they're large, like industrial centers with lots of parking. So 526 00:31:50,520 --> 00:31:53,520 Speaker 2: there's one real estate guy that's trying to convert all 527 00:31:53,560 --> 00:31:57,680 Speaker 2: the strip clubs, convert them into other kinds of use. 528 00:31:58,520 --> 00:32:00,960 Speaker 2: I'll tell you all about it. Also, so the Double 529 00:32:01,040 --> 00:32:04,640 Speaker 2: D Cafe and Garden Grove is still closed. You heard 530 00:32:04,680 --> 00:32:07,920 Speaker 2: about the Double Dcafe. That's the coffee shop in Garden 531 00:32:07,960 --> 00:32:12,680 Speaker 2: Grove down in Orange County where the baristas are newty 532 00:32:12,760 --> 00:32:14,240 Speaker 2: and you're not allowed to do that. You have to 533 00:32:14,280 --> 00:32:18,640 Speaker 2: actually wear clothes. But they pushed it and they got busted, 534 00:32:18,920 --> 00:32:23,520 Speaker 2: and it's still it's still closed. Somebody checked in on it. 535 00:32:23,480 --> 00:32:25,360 Speaker 7: Hey, Lou, I love the show. And something that no 536 00:32:25,400 --> 00:32:29,760 Speaker 7: one is ever talking about is the cargo ships that transport. 537 00:32:29,880 --> 00:32:32,920 Speaker 7: All of those containers from China back to the US 538 00:32:33,040 --> 00:32:37,960 Speaker 7: are equivalent to I've read articles thirty million cars of pollution. 539 00:32:38,160 --> 00:32:42,560 Speaker 7: Thirty million cars of pollution. So if everything is manufactured here, 540 00:32:42,680 --> 00:32:45,560 Speaker 7: we save all of that fuel and we save all 541 00:32:45,600 --> 00:32:46,560 Speaker 7: of that pollution. 542 00:32:46,840 --> 00:32:50,239 Speaker 2: You don't remember the container ship off the coast of 543 00:32:50,400 --> 00:32:55,360 Speaker 2: San Pedro that ruptured an oil line. I mean it's 544 00:32:55,440 --> 00:32:58,680 Speaker 2: not just the travel. There's a lot of damage that 545 00:32:58,720 --> 00:33:02,560 Speaker 2: goes on. I mean some of these Chinese cargo ships, 546 00:33:02,600 --> 00:33:06,200 Speaker 2: you know, they don't obey the proper maritime law. And 547 00:33:06,280 --> 00:33:08,720 Speaker 2: apparently this one cargo ship I guess had some anchor 548 00:33:08,840 --> 00:33:11,320 Speaker 2: dragging around. I'm sure that was good for the maritime 549 00:33:11,400 --> 00:33:19,120 Speaker 2: life and hit an oil line. Yeah. Look, international shipping 550 00:33:19,440 --> 00:33:22,520 Speaker 2: is a thing, and that's fine. Whatever they need over 551 00:33:22,560 --> 00:33:24,239 Speaker 2: there that we have here, they can buy it and 552 00:33:24,280 --> 00:33:27,280 Speaker 2: we'll ship it over. Whatever we need from there that 553 00:33:27,280 --> 00:33:28,959 Speaker 2: we need over here, We'll buy it and they can 554 00:33:29,000 --> 00:33:33,880 Speaker 2: ship it over. Why everything has to be made in 555 00:33:34,000 --> 00:33:38,640 Speaker 2: China and shipped over Why go into your kitchen and 556 00:33:38,720 --> 00:33:42,520 Speaker 2: lift up everything on your counter. It's all junk from China. 557 00:33:42,880 --> 00:33:46,600 Speaker 2: It didn't used to be. That's all I'm saying, just 558 00:33:46,680 --> 00:33:47,640 Speaker 2: the things we need. 559 00:33:48,480 --> 00:33:48,640 Speaker 3: Right. 560 00:33:48,720 --> 00:33:51,600 Speaker 2: If you want to buy a tea set from China, 561 00:33:52,120 --> 00:33:54,880 Speaker 2: go buy it. If you want to buy our Mercedes 562 00:33:54,920 --> 00:33:57,200 Speaker 2: Benz from Germany, go buy it. You want to buy 563 00:33:57,240 --> 00:33:59,960 Speaker 2: a Swiss watch, buy it. Growing up in my house 564 00:34:00,000 --> 00:34:03,640 Speaker 2: house as a kid, everything in my house was made 565 00:34:03,760 --> 00:34:07,440 Speaker 2: in the United States. The only imports were my dad's 566 00:34:07,480 --> 00:34:11,520 Speaker 2: Swiss watch and my mom's fancy leather Italian boots. Everything 567 00:34:11,520 --> 00:34:15,600 Speaker 2: else was made in the United States. Now nothing is 568 00:34:15,640 --> 00:34:18,719 Speaker 2: made in the United States. Nothing, not even the furniture. 569 00:34:20,600 --> 00:34:22,480 Speaker 2: When you were a kid, if you grew up as 570 00:34:22,520 --> 00:34:25,600 Speaker 2: I did in the eighties, all the furniture in your 571 00:34:25,640 --> 00:34:31,000 Speaker 2: house was milled in North Carolina. And the fabric that 572 00:34:31,080 --> 00:34:33,719 Speaker 2: covered the love seat and the sofa and all the 573 00:34:33,800 --> 00:34:36,720 Speaker 2: chairs that your dad sat on, that was all milled 574 00:34:36,920 --> 00:34:40,919 Speaker 2: in Johnson City, New York. And then it was put 575 00:34:40,960 --> 00:34:44,520 Speaker 2: together and sent to a showroom and your parents went 576 00:34:44,520 --> 00:34:46,960 Speaker 2: out and bought it, and it was expensive, but it 577 00:34:47,000 --> 00:34:50,759 Speaker 2: was high quality. You could stand as a kid on 578 00:34:50,880 --> 00:34:55,440 Speaker 2: the armrest of your sofa and do like a ghost, 579 00:34:55,560 --> 00:34:59,839 Speaker 2: dive backwards into the cushions, over and over and over 580 00:34:59,840 --> 00:35:04,440 Speaker 2: it again. You could jump off one chair into the sofa, 581 00:35:04,520 --> 00:35:11,799 Speaker 2: pretending you were a professional wrestler Lucha libre professional. Right, 582 00:35:11,840 --> 00:35:14,040 Speaker 2: you did that as a kid. Try doing that now 583 00:35:14,280 --> 00:35:19,920 Speaker 2: on this crap furniture from Vietnam. It'll bust apart. I 584 00:35:19,960 --> 00:35:22,480 Speaker 2: told you when they sell you a bed or a 585 00:35:22,520 --> 00:35:25,160 Speaker 2: piece of sofa, now they need to sell it to 586 00:35:25,200 --> 00:35:29,080 Speaker 2: you with a reciprocating saw because you'll need it. When 587 00:35:29,080 --> 00:35:31,200 Speaker 2: it busts. You'll have to chop it up into little 588 00:35:31,200 --> 00:35:34,160 Speaker 2: pieces so it fits in your trash can. Otherwise you'll 589 00:35:34,200 --> 00:35:36,880 Speaker 2: look like a loser waiting for bulk item pickup. But 590 00:35:36,960 --> 00:35:39,919 Speaker 2: it will go on the curb. Trust me. You ever 591 00:35:39,920 --> 00:35:43,400 Speaker 2: remember your grandparents putting furniture on the curb for bulk 592 00:35:43,440 --> 00:35:51,440 Speaker 2: item pickup day? People passed furniture along act moved out, 593 00:35:51,840 --> 00:35:54,120 Speaker 2: and your grandparents would be like, oh, we'll go give 594 00:35:54,120 --> 00:35:57,799 Speaker 2: them this sofa, right because it was it was unbelievable. 595 00:35:57,880 --> 00:36:03,040 Speaker 2: It was American made, furniture. Now it's junk. Lou Penrose 596 00:36:03,280 --> 00:36:07,240 Speaker 2: on kf I AM six forty live everywhere on the iHeartRadio. 597 00:36:06,600 --> 00:36:09,720 Speaker 1: I kf I AM six forty on demand 598 00:36:12,560 --> 00:36:12,920 Speaker 7: MHM