1 00:00:00,320 --> 00:00:08,760 Speaker 1: It's more more. Markimone on sevent ten warn hey, the 2 00:00:08,840 --> 00:00:11,880 Speaker 1: great economics Steve Moore. Of course you see him all 3 00:00:11,880 --> 00:00:14,640 Speaker 1: over television, you read his columns. Make sure you get 4 00:00:14,640 --> 00:00:18,840 Speaker 1: his book, The Trump Economic Miracle, and also you should 5 00:00:18,880 --> 00:00:22,239 Speaker 1: sign up. He runs the Committee to Unleashed Prosperity. They 6 00:00:22,239 --> 00:00:25,840 Speaker 1: put out the best daily briefing, news analysis, great stories 7 00:00:25,880 --> 00:00:28,160 Speaker 1: every day. It's free. It'll come write to your email. 8 00:00:28,840 --> 00:00:33,720 Speaker 1: Just go to Unleashed Prosperity dot com. Unleash Prosperity dot com. 9 00:00:33,760 --> 00:00:34,960 Speaker 1: Steve Moore, how are you doing. 10 00:00:36,040 --> 00:00:39,240 Speaker 2: I'm Mark doing well. Thank you very much, and thank god. 11 00:00:39,240 --> 00:00:41,880 Speaker 2: We've got a president in office who's drill, baby, drill, 12 00:00:42,440 --> 00:00:47,040 Speaker 2: So we're holding the uh underdy prices down below, you know, remembers, Oh, 13 00:00:47,080 --> 00:00:49,040 Speaker 2: it's gonna be a hundred dollars a mineral of Trump. 14 00:00:49,280 --> 00:00:51,440 Speaker 2: You know, does any action in the Middle East, And 15 00:00:52,040 --> 00:00:54,560 Speaker 2: that hasn't happened because we're producing so much oil and 16 00:00:54,600 --> 00:00:58,200 Speaker 2: gas here at home. We're no longer I just wrote 17 00:00:58,200 --> 00:01:00,840 Speaker 2: a column on this, we're no longer highly reliant on 18 00:01:01,040 --> 00:01:03,880 Speaker 2: Middle East oil because we're the number one producer in 19 00:01:03,920 --> 00:01:07,160 Speaker 2: the world. So that's in large part because of obviously 20 00:01:07,280 --> 00:01:11,120 Speaker 2: the incredible shale revolution we had in Oklahoma and Texas 21 00:01:11,160 --> 00:01:14,440 Speaker 2: and North Dakota. But also because Trump, you know, said, 22 00:01:14,600 --> 00:01:16,920 Speaker 2: you know, go out there and get it. And that's 23 00:01:16,959 --> 00:01:19,160 Speaker 2: made a big difference. And that's one of the reasons, folks, 24 00:01:19,200 --> 00:01:21,959 Speaker 2: even though great gas places are up, they're not up 25 00:01:22,040 --> 00:01:23,840 Speaker 2: nearly as much as people thought they would be. 26 00:01:24,040 --> 00:01:26,679 Speaker 1: Yeah, we get a little spike, but what about his 27 00:01:26,800 --> 00:01:30,840 Speaker 1: idea of having a gas tax holiday during the little 28 00:01:30,840 --> 00:01:32,880 Speaker 1: spike and Democrats opposing. 29 00:01:32,480 --> 00:01:37,760 Speaker 2: It, Well, that tells you a lot about you know, 30 00:01:37,920 --> 00:01:40,319 Speaker 2: they are so thirsty for tax revelues. They don't want 31 00:01:40,319 --> 00:01:44,959 Speaker 2: to cut anybody's taxes anywhere anytime. But listen, I think 32 00:01:45,040 --> 00:01:50,280 Speaker 2: that we have we are so bountiful in our oil 33 00:01:50,280 --> 00:01:53,880 Speaker 2: and gas in this country, and the technology keeps getting 34 00:01:53,880 --> 00:01:57,000 Speaker 2: better and better. You know, I'm old enough to remember, Mark, 35 00:01:57,040 --> 00:01:58,480 Speaker 2: I think I'm a little older than you. You know, 36 00:01:58,560 --> 00:02:00,720 Speaker 2: in the late seventies. I remember when I was a 37 00:02:00,760 --> 00:02:03,440 Speaker 2: young teenager and we'd have to get up every morning. 38 00:02:03,440 --> 00:02:05,720 Speaker 2: We'd have to, you know, take the station wagon, the 39 00:02:05,760 --> 00:02:07,840 Speaker 2: old station wagon, over to the gas pump and would 40 00:02:07,840 --> 00:02:10,040 Speaker 2: be fifteenth in line, you know, because there were gas 41 00:02:10,080 --> 00:02:12,840 Speaker 2: lines back then, and you know, the Saudi's and the 42 00:02:12,960 --> 00:02:15,600 Speaker 2: old PEC countries had a blade at our neck, and 43 00:02:16,040 --> 00:02:18,880 Speaker 2: thanks to Trump's drow baby drill strategy, they no longer 44 00:02:18,919 --> 00:02:22,280 Speaker 2: have that power over us. So the will's a different place, 45 00:02:22,720 --> 00:02:25,880 Speaker 2: in a safer place and a more affordable place because 46 00:02:25,919 --> 00:02:29,480 Speaker 2: of these policies. I don't understand why Biden. Biden says 47 00:02:29,560 --> 00:02:32,080 Speaker 2: zero fossil fuels, run FRUS. We're not going to present 48 00:02:32,080 --> 00:02:34,840 Speaker 2: any oil gas call or anything. How done was that? 49 00:02:34,960 --> 00:02:36,800 Speaker 2: You think you think we could? We could, you know, 50 00:02:37,400 --> 00:02:41,960 Speaker 2: find finance and power our thirty five trillion dollar economy 51 00:02:42,000 --> 00:02:44,440 Speaker 2: with windmills and switch grass, I mean stupid? 52 00:02:45,200 --> 00:02:49,320 Speaker 1: Yeah, hey, And under Trump there was a moment where 53 00:02:49,320 --> 00:02:52,720 Speaker 1: all of a sudden, we were the number one oil producer. 54 00:02:52,919 --> 00:02:56,040 Speaker 1: Yeah yeah, we were the Saudi Arabia all of a sudden, So. 55 00:02:56,160 --> 00:02:58,880 Speaker 2: Yeah, exactly. In fact, I wrote a very famous piece 56 00:02:59,360 --> 00:03:02,560 Speaker 2: in the Journal I think this is about twelve years 57 00:03:02,600 --> 00:03:04,880 Speaker 2: ago or so, and losing track of them, about twelve thirteen, 58 00:03:04,880 --> 00:03:08,720 Speaker 2: fourteen years ago, about this guy Harold Ham, who is 59 00:03:08,800 --> 00:03:12,440 Speaker 2: the was one of the inventors of modern day you know, 60 00:03:12,520 --> 00:03:16,480 Speaker 2: shale drilling, And the name of the article in the 61 00:03:16,800 --> 00:03:19,840 Speaker 2: Wall Street Journal was Saudi America and that's what we've 62 00:03:19,880 --> 00:03:22,480 Speaker 2: really turned into. And it's all because of these amazing 63 00:03:23,480 --> 00:03:26,120 Speaker 2: pioneers in the oil and gas industry. And then you know, 64 00:03:26,160 --> 00:03:29,000 Speaker 2: we should also be we should be building about fifty 65 00:03:29,120 --> 00:03:32,320 Speaker 2: nuclear plants the demand. I don't know if you saw yesterday, 66 00:03:32,360 --> 00:03:35,640 Speaker 2: but Trump got a deal with the big tech execs 67 00:03:35,800 --> 00:03:37,760 Speaker 2: that they will, you know, if they're going to use 68 00:03:37,800 --> 00:03:39,120 Speaker 2: a lot of the energy, they're going to have to 69 00:03:39,280 --> 00:03:41,440 Speaker 2: pay for it, and they're going to have to supply it, 70 00:03:41,800 --> 00:03:44,720 Speaker 2: and they want to do that. But he saw Bill 71 00:03:44,760 --> 00:03:48,360 Speaker 2: Gates Microsoft. You know, he's reopening the three Mile Island 72 00:03:48,400 --> 00:03:51,360 Speaker 2: nuclear plant. So why not use nuclear power? It's one 73 00:03:51,400 --> 00:03:53,600 Speaker 2: of the most efficient forms of energy. It doesn't emit 74 00:03:53,680 --> 00:03:56,480 Speaker 2: any greenhouse gases. I mean, why are is the left 75 00:03:56,480 --> 00:03:57,600 Speaker 2: against that? Yeah? 76 00:03:57,640 --> 00:04:01,160 Speaker 1: It's most countries use new clear but France is twenty 77 00:04:01,200 --> 00:04:02,560 Speaker 1: five percent nuclear power. 78 00:04:02,680 --> 00:04:03,080 Speaker 2: Yeah. 79 00:04:03,200 --> 00:04:07,520 Speaker 1: The only concern was those used rods coming out of it. 80 00:04:07,560 --> 00:04:09,560 Speaker 1: But there's technology now to make that safe to do. 81 00:04:09,760 --> 00:04:11,920 Speaker 2: Yeah, the technology is so much better. And also we 82 00:04:11,960 --> 00:04:14,960 Speaker 2: have what we call the micro plants, so they're not 83 00:04:15,000 --> 00:04:19,520 Speaker 2: these gigantic massive uh you know, the plants that provide 84 00:04:19,560 --> 00:04:23,560 Speaker 2: you know, the electric power for four million people. Maybe 85 00:04:23,720 --> 00:04:27,240 Speaker 2: you know, a little smaller modules that can you know, 86 00:04:27,360 --> 00:04:30,279 Speaker 2: help provide the electric power for a community with maybe 87 00:04:30,279 --> 00:04:32,839 Speaker 2: one hundred and fifty thousand people, and that that is 88 00:04:32,880 --> 00:04:36,599 Speaker 2: a much safer, it's much more efficient, and we should 89 00:04:36,640 --> 00:04:39,560 Speaker 2: be building we should be building hundreds of these smaller 90 00:04:39,640 --> 00:04:44,560 Speaker 2: nuclear plants. And again they're safe and they're they're clean burning. Yeah. 91 00:04:44,760 --> 00:04:46,880 Speaker 1: Now, the reason we need this I don't quite understand this, 92 00:04:46,960 --> 00:04:50,599 Speaker 1: but for some reason AI uses more electricity, more energy 93 00:04:51,520 --> 00:04:52,039 Speaker 1: than we have. 94 00:04:52,320 --> 00:04:55,800 Speaker 2: So yeah, yeah, we have. We just had something in 95 00:04:55,839 --> 00:04:58,240 Speaker 2: our outline this morning about that market. You may not 96 00:04:58,279 --> 00:05:00,880 Speaker 2: have received the year. We just sent it out. Yeah, 97 00:05:01,040 --> 00:05:06,000 Speaker 2: double double, the quadruple the amount of energy needs over 98 00:05:06,040 --> 00:05:09,279 Speaker 2: the next uh you know, seven years, seven or eight years, 99 00:05:09,920 --> 00:05:11,800 Speaker 2: and so we're going to need a lot more energy 100 00:05:12,080 --> 00:05:15,120 Speaker 2: to to for the data centers, for the AI, for 101 00:05:15,200 --> 00:05:20,480 Speaker 2: the robotics that new the new you know, uh generation 102 00:05:20,600 --> 00:05:22,920 Speaker 2: of technology. And you know, one of the points I 103 00:05:22,920 --> 00:05:25,400 Speaker 2: think people have to realize is it's a race right 104 00:05:25,440 --> 00:05:28,080 Speaker 2: now between the United States and China to see who 105 00:05:28,080 --> 00:05:30,240 Speaker 2: will lead the world. And that we led the world 106 00:05:30,279 --> 00:05:33,479 Speaker 2: in the Internet revolution with great companies like Google and 107 00:05:33,520 --> 00:05:37,480 Speaker 2: Amazon and Apple and Nvidia and Microsoft et cetera. We 108 00:05:37,560 --> 00:05:39,719 Speaker 2: need to make sure we do the same with the 109 00:05:40,400 --> 00:05:44,279 Speaker 2: when it comes to robotics, AI, satellite technology, all this stuff, 110 00:05:44,320 --> 00:05:45,960 Speaker 2: but it uses a lot of energy. 111 00:05:46,240 --> 00:05:49,520 Speaker 1: Yeah, hey, I read the hotline every day. The Committee 112 00:05:49,520 --> 00:05:52,080 Speaker 1: to Unleashed Prosperity puts this out. You should subscribe to it. 113 00:05:52,080 --> 00:05:54,360 Speaker 1: It comes right to your emails free. It's great stuff 114 00:05:54,600 --> 00:05:57,400 Speaker 1: and I'm reading it today and turns out who else 115 00:05:57,480 --> 00:05:59,080 Speaker 1: was reading it every day. Lou Holtz. 116 00:06:00,080 --> 00:06:03,599 Speaker 2: Yeah, I love Lou Holtz. And you know, he, of course, 117 00:06:03,760 --> 00:06:07,080 Speaker 2: was the famous Notre Dame coach who won a national 118 00:06:07,160 --> 00:06:10,119 Speaker 2: championship in nineteen eighty eight for the football, of course, 119 00:06:10,600 --> 00:06:12,520 Speaker 2: and was a hell of a guy. I mean, I 120 00:06:12,520 --> 00:06:15,200 Speaker 2: got to know him really well. He won the President 121 00:06:15,200 --> 00:06:20,160 Speaker 2: Trump gave him the Presidential Metal Freedom. He was incredibly inspirational. 122 00:06:20,240 --> 00:06:23,560 Speaker 2: He really helped so many young He turned boys into 123 00:06:23,600 --> 00:06:27,120 Speaker 2: men and was an amazing force. And I every time 124 00:06:27,160 --> 00:06:29,440 Speaker 2: I saw him, he was so inspirational, and he was 125 00:06:29,720 --> 00:06:32,440 Speaker 2: humble and had a great sense of humor. Died at 126 00:06:32,440 --> 00:06:35,400 Speaker 2: the age of eighty nine, but he really you know, 127 00:06:35,720 --> 00:06:37,640 Speaker 2: I feel very proud to have been able to call 128 00:06:37,720 --> 00:06:38,599 Speaker 2: hu Holt's up front. 129 00:06:38,760 --> 00:06:42,280 Speaker 1: Yeah, great guy. Hey, California. I love this article today 130 00:06:42,279 --> 00:06:45,560 Speaker 1: because Gavin Newsom obviously's running for president. How does he 131 00:06:45,640 --> 00:06:49,840 Speaker 1: explain completely bundling up the whole transit system of California. 132 00:06:51,200 --> 00:06:53,240 Speaker 2: Well, this has been going on. He can't really displame 133 00:06:53,279 --> 00:06:55,200 Speaker 2: it on Gavin Newsom. I mean, it's been going on 134 00:06:55,279 --> 00:06:57,440 Speaker 2: for thirty years. They keeps talking about how they're going 135 00:06:57,480 --> 00:06:59,960 Speaker 2: to build all these transit systems. And you know, anybody 136 00:07:00,040 --> 00:07:02,839 Speaker 2: east in to La knows that people in La like 137 00:07:02,920 --> 00:07:05,400 Speaker 2: to drive their car. They don't want they don't want 138 00:07:05,400 --> 00:07:07,960 Speaker 2: to go into a subway. And so they have, you know, 139 00:07:08,000 --> 00:07:10,840 Speaker 2: they've built these trains and these and then they had 140 00:07:10,840 --> 00:07:12,600 Speaker 2: the train to nowhere where they're going to build for 141 00:07:12,680 --> 00:07:16,160 Speaker 2: thirty five billion dollars a train from Los Angeles to 142 00:07:16,200 --> 00:07:18,840 Speaker 2: San Francisco, which is a good idea, except they couldn't 143 00:07:18,880 --> 00:07:21,520 Speaker 2: do it, and so instead it's costing thirty five billion. 144 00:07:21,680 --> 00:07:24,000 Speaker 2: It was going to cost one hundred and thirty billion dollars. Whoops, 145 00:07:24,000 --> 00:07:26,040 Speaker 2: we missed it a little bit, and it wasn't going 146 00:07:26,080 --> 00:07:28,560 Speaker 2: to go to Los Angeles and it wasn't going to 147 00:07:28,600 --> 00:07:31,720 Speaker 2: start at San Francisco. So but now they're trying to 148 00:07:31,720 --> 00:07:34,280 Speaker 2: build one of those people movers at the airport because 149 00:07:34,320 --> 00:07:36,400 Speaker 2: they have the Olympics coming in, they got the Super 150 00:07:36,440 --> 00:07:38,360 Speaker 2: Bowl next year to Da DA and they just can't 151 00:07:38,360 --> 00:07:41,760 Speaker 2: get the thing literally and figuratively off the ground. And 152 00:07:41,800 --> 00:07:45,640 Speaker 2: that's the incompetence of what goes on in California. By 153 00:07:45,640 --> 00:07:47,800 Speaker 2: the way, anybody's flown in, I don't know if you've 154 00:07:47,840 --> 00:07:51,160 Speaker 2: recently flown into Lax, but it is the biggest nightmare 155 00:07:51,200 --> 00:07:53,840 Speaker 2: getting in and out of that airport. Takes an hour 156 00:07:54,160 --> 00:07:56,000 Speaker 2: at least just to get out of the airport because 157 00:07:56,040 --> 00:07:58,040 Speaker 2: of all the traffic. And they tried to have the 158 00:07:58,080 --> 00:08:00,960 Speaker 2: people mover, but it hasn't It hasn't moved any people. 159 00:08:01,800 --> 00:08:03,160 Speaker 1: How a people mover? 160 00:08:03,280 --> 00:08:04,040 Speaker 2: How hard is that? 161 00:08:04,160 --> 00:08:07,640 Speaker 1: It's just like a belt right, Yeah. 162 00:08:07,360 --> 00:08:10,679 Speaker 2: I don't know. You'd have to back question why can't 163 00:08:10,680 --> 00:08:12,320 Speaker 2: they get this thing, doune because they also have the 164 00:08:12,320 --> 00:08:15,000 Speaker 2: World Cup coming I mean, so that was a lot 165 00:08:15,040 --> 00:08:17,560 Speaker 2: of this was contingent on, Okay, get this people mover 166 00:08:17,640 --> 00:08:20,280 Speaker 2: to work, and it's they you know, it's cost overruns 167 00:08:20,280 --> 00:08:22,720 Speaker 2: and I mean my guide California makes New York look 168 00:08:22,760 --> 00:08:23,760 Speaker 2: well run. 169 00:08:24,000 --> 00:08:26,880 Speaker 1: Yeah, you know, and at Las Vegas and the Belage. 170 00:08:26,960 --> 00:08:28,680 Speaker 1: If they wanted a people mover. It'd be there in 171 00:08:28,720 --> 00:08:30,680 Speaker 1: three days, it'd be installed exactly. 172 00:08:32,600 --> 00:08:35,280 Speaker 2: Well, maybe you know you have that's the difference frankly 173 00:08:35,320 --> 00:08:39,120 Speaker 2: between private sector financed in public sector financed infrastructure. It 174 00:08:39,120 --> 00:08:42,079 Speaker 2: really is. And you know the the we have an 175 00:08:42,360 --> 00:08:44,560 Speaker 2: The other point that you know, I wanted to make 176 00:08:44,600 --> 00:08:47,160 Speaker 2: you is we've got an incredible investment boom going on 177 00:08:47,240 --> 00:08:49,800 Speaker 2: right now. Two hundred billion dollars just in the last 178 00:08:49,880 --> 00:08:54,079 Speaker 2: month going into AI, robotics, satellite tech, all these new 179 00:08:54,080 --> 00:08:57,320 Speaker 2: technologies were really blowing away the rest of the world. 180 00:08:57,320 --> 00:09:00,440 Speaker 2: About eighty percent of the new investment is happening you're 181 00:09:00,520 --> 00:09:04,199 Speaker 2: in the USA. But that's an example private investment. You know, 182 00:09:05,040 --> 00:09:08,079 Speaker 2: the Gleft likes to talk about public investment, but my gosh, 183 00:09:08,160 --> 00:09:10,120 Speaker 2: they can't. A lot of these people like Gavin Newsom 184 00:09:10,200 --> 00:09:12,800 Speaker 2: couldn't and by the way, Mondamini, for that matter, couldn't 185 00:09:12,880 --> 00:09:14,199 Speaker 2: run a three car parade. 186 00:09:14,880 --> 00:09:18,439 Speaker 1: Well, Steve Moore, always great having you on. Excellent stuff. Now, 187 00:09:18,520 --> 00:09:22,959 Speaker 1: everybody subscribe the daily newsletter, the Briefing, News Analysis. You'll 188 00:09:23,000 --> 00:09:25,280 Speaker 1: love it. It's it's called the Hotline. But just go 189 00:09:25,360 --> 00:09:30,120 Speaker 1: to Unleash prosperity dot com. Unleash Prosperity dot com of course, 190 00:09:30,160 --> 00:09:34,720 Speaker 1: get Steve Moore's great book, The Trump Economic Miracle. Steve Moore, 191 00:09:34,760 --> 00:09:35,800 Speaker 1: thanks for being with us. 192 00:09:36,840 --> 00:09:38,160 Speaker 2: Okay, let's have a great weekend. 193 00:09:38,280 --> 00:09:41,200 Speaker 1: Take care, take care. Hey, don't forget Buck and Clay 194 00:09:41,240 --> 00:09:43,800 Speaker 1: Noon today. Buck's got a great new book out you 195 00:09:43,840 --> 00:09:47,240 Speaker 1: should get. It's on Amazon. Buck Sexton's latest book. And 196 00:09:47,280 --> 00:09:51,640 Speaker 1: then Sean Hannity from three to six, the most listened 197 00:09:51,640 --> 00:09:57,000 Speaker 1: to radio show in America. And don't forget the Jesse 198 00:09:57,120 --> 00:09:59,720 Speaker 1: Kelly at six. And then a great show Jimmy Fayala. 199 00:09:59,760 --> 00:10:02,160 Speaker 1: He'll be with us in the next hour. Jimmy Fayles, 200 00:10:02,559 --> 00:10:05,600 Speaker 1: What a funny show. Every night nine to midnight on 201 00:10:05,800 --> 00:10:07,479 Speaker 1: seven ten wor