1 00:00:00,640 --> 00:00:01,760 Speaker 1: Ronnie Dragon. 2 00:00:02,440 --> 00:00:06,000 Speaker 2: Y'all ain't gonna believe this bill had his back. Probably will. 3 00:00:06,600 --> 00:00:09,559 Speaker 3: My fuel gauge got stuck in the full position. Yesterday, 4 00:00:09,640 --> 00:00:14,720 Speaker 3: driving across Wyoming, I crossed the border into Colorado, and 5 00:00:14,800 --> 00:00:17,960 Speaker 3: the beautiful roads you guys have here knocked that son 6 00:00:18,000 --> 00:00:20,000 Speaker 3: of a gun loose in the first mile. 7 00:00:29,240 --> 00:00:34,599 Speaker 4: We have postcards this morning. We have fourteen, fifteen, seventeen, 8 00:00:34,640 --> 00:00:42,440 Speaker 4: and eighteen, and then one which is unnumbered, and one 9 00:00:42,560 --> 00:00:46,920 Speaker 4: which is from a listener down in Florida with a 10 00:00:47,000 --> 00:00:48,680 Speaker 4: nice picture of Auckland, New Zealand. 11 00:00:49,120 --> 00:00:50,160 Speaker 2: And we have prisoner mail. 12 00:00:50,560 --> 00:00:53,560 Speaker 5: And we did get postcards last week, but we didn't 13 00:00:53,600 --> 00:00:56,520 Speaker 5: really get them in the order that they were sent, 14 00:00:56,600 --> 00:01:01,120 Speaker 5: because the lovely person that sent them numbers in the 15 00:01:01,200 --> 00:01:04,039 Speaker 5: upper left hand corner as to I'm sure the order 16 00:01:04,080 --> 00:01:07,280 Speaker 5: that they sent them, and we got them out of order, yes, 17 00:01:07,800 --> 00:01:08,679 Speaker 5: that I. 18 00:01:08,680 --> 00:01:09,560 Speaker 2: Would ask you. 19 00:01:09,560 --> 00:01:11,640 Speaker 4: Now he mentions in one of them that he's thinking 20 00:01:11,680 --> 00:01:17,560 Speaker 4: about he's getting tired of this. Really it takes that 21 00:01:17,680 --> 00:01:20,600 Speaker 4: much effort to because clearly these are postcards that you 22 00:01:20,680 --> 00:01:22,760 Speaker 4: did not go by recently. 23 00:01:22,959 --> 00:01:24,600 Speaker 1: You've had them for a minute, You've had. 24 00:01:24,480 --> 00:01:27,919 Speaker 4: Them somewhere in a drawer, because they're kind of yellow. 25 00:01:28,680 --> 00:01:29,360 Speaker 2: They're old. 26 00:01:29,640 --> 00:01:32,320 Speaker 4: The photos on the back side. We have a picture 27 00:01:32,360 --> 00:01:37,400 Speaker 4: from Grenada something about looks like maybe the birthplace of 28 00:01:37,800 --> 00:01:42,880 Speaker 4: Johann Sebastian Buck. We've got a Hilton Hotel which looks 29 00:01:42,959 --> 00:01:45,920 Speaker 4: like my guess is it looks like a Hilton maybe 30 00:01:46,000 --> 00:01:48,920 Speaker 4: down in Nowllans. I'm not quite sure. Doesn't say I 31 00:01:49,200 --> 00:01:51,160 Speaker 4: I'm not I guess like, but I can't read what 32 00:01:51,200 --> 00:01:57,760 Speaker 4: these classes on. And we have a African dart blower. 33 00:01:59,280 --> 00:02:04,280 Speaker 4: We have a well I salked about Auckland, and and 34 00:02:04,280 --> 00:02:07,200 Speaker 4: then we have looks like a quarter horse, the quarter 35 00:02:07,280 --> 00:02:11,960 Speaker 4: horse posing in front of a very fake looking nineteen 36 00:02:12,000 --> 00:02:13,840 Speaker 4: fifties which we're gonna talk about in just a minute. 37 00:02:14,560 --> 00:02:15,000 Speaker 2: Pasture. 38 00:02:15,280 --> 00:02:18,160 Speaker 5: We did get that one that was an artist drew 39 00:02:18,400 --> 00:02:19,160 Speaker 5: a picture of. 40 00:02:19,880 --> 00:02:22,480 Speaker 4: Yes, that cool, and in fact that was still on 41 00:02:22,520 --> 00:02:24,360 Speaker 4: my desk. We may frame that one and put it 42 00:02:24,440 --> 00:02:27,359 Speaker 4: up so that when we when we retire, they put 43 00:02:27,360 --> 00:02:30,280 Speaker 4: the Kathy Walker Studio sign up here, they can put that. 44 00:02:30,360 --> 00:02:33,320 Speaker 4: They can like tape it, you know, take the clear 45 00:02:33,600 --> 00:02:35,840 Speaker 4: like packing tape and they can tape it across the 46 00:02:35,960 --> 00:02:38,720 Speaker 4: KOA door to remind people that at one time Dragging 47 00:02:38,800 --> 00:02:39,640 Speaker 4: and Michael were here. 48 00:02:40,800 --> 00:02:42,440 Speaker 1: Yeah, We're not gonna be remembered like that. 49 00:02:43,720 --> 00:02:45,799 Speaker 4: We're not gonna be remembered at all, are you kidding? 50 00:02:48,000 --> 00:02:50,440 Speaker 4: In fact, today may be my last name because I 51 00:02:50,440 --> 00:02:52,120 Speaker 4: have a meeting with Temper at noon, So you know, 52 00:02:52,200 --> 00:02:54,320 Speaker 4: it may be that, you know, maybe I should just 53 00:02:54,400 --> 00:02:55,799 Speaker 4: go ahead and say what I really want to say 54 00:02:55,800 --> 00:02:58,440 Speaker 4: today because well, you know who knows that. 55 00:02:58,520 --> 00:03:00,680 Speaker 2: You know that the meeting comes and Michael goes. 56 00:03:01,000 --> 00:03:05,519 Speaker 1: They do typically fire us later in the week, and it's. 57 00:03:05,400 --> 00:03:07,200 Speaker 4: A long weekend too, so you know them as well. 58 00:03:07,240 --> 00:03:12,040 Speaker 4: Just you know, say that holiday pay if I if 59 00:03:12,080 --> 00:03:14,320 Speaker 4: I walk in, he's got the envelope, you know, with 60 00:03:14,360 --> 00:03:15,880 Speaker 4: the with the papers and everything on. 61 00:03:16,360 --> 00:03:17,679 Speaker 2: I think the eldest around walk out. 62 00:03:17,919 --> 00:03:23,640 Speaker 4: Just let's see Dragon, Thank goodness you're back for Monday show. 63 00:03:24,280 --> 00:03:26,200 Speaker 4: This is this past Monday, Mike. 64 00:03:26,280 --> 00:03:26,920 Speaker 2: I know it was. 65 00:03:27,000 --> 00:03:31,200 Speaker 4: It was from last Monday because Mike had some testical 66 00:03:31,280 --> 00:03:35,200 Speaker 4: difficulties in the studio Saturday. Not just a double click 67 00:03:35,440 --> 00:03:39,480 Speaker 4: l L had to keep up with this postcard. 68 00:03:40,320 --> 00:03:41,920 Speaker 2: For what it's worth, something I don't know. 69 00:03:42,200 --> 00:03:44,120 Speaker 4: May have to go back to three three one zero 70 00:03:44,200 --> 00:03:48,400 Speaker 4: three may uh dB Gooder six four five seven A 71 00:03:48,560 --> 00:03:52,080 Speaker 4: ka Rick mailed on two three It looks. 72 00:03:51,840 --> 00:03:54,120 Speaker 1: Like ten days. That's not bad. 73 00:03:54,200 --> 00:03:58,200 Speaker 2: No, that's not bad. Uh, this one obviously really does. Listen. 74 00:03:58,600 --> 00:04:00,680 Speaker 2: Hope Dragon Blood knows is doing better. 75 00:04:01,400 --> 00:04:02,960 Speaker 1: Hey, I am thank you. 76 00:04:03,120 --> 00:04:06,200 Speaker 4: Might might be hard to put on a tourniquet on 77 00:04:06,320 --> 00:04:10,280 Speaker 4: that on that mike, but I'm sure you'd try it. 78 00:04:10,600 --> 00:04:13,000 Speaker 4: I would like to put a tourniquet on him, tie 79 00:04:13,160 --> 00:04:15,760 Speaker 4: just as tight as I can. Start with a neck. Oh, 80 00:04:15,840 --> 00:04:19,040 Speaker 4: just kidding, Dragon cocaine is bad for the nose, not 81 00:04:19,160 --> 00:04:20,640 Speaker 4: that that applies here. 82 00:04:21,440 --> 00:04:24,359 Speaker 2: You never know. He used to work on the third floor. True. 83 00:04:25,160 --> 00:04:28,360 Speaker 2: Uh number seventeen. I love this one. 84 00:04:29,240 --> 00:04:34,160 Speaker 4: The potty Thing pody pod as in podcasts. The potty 85 00:04:34,200 --> 00:04:37,720 Speaker 4: Thing is just like any other software updates like Windows. 86 00:04:38,400 --> 00:04:41,080 Speaker 4: Just have to adjust and do it different a different way. 87 00:04:41,480 --> 00:04:43,600 Speaker 4: I fell asleep watching flag football. 88 00:04:43,200 --> 00:04:49,280 Speaker 2: Game last night. Missed Oak Island for that Oakland. 89 00:04:48,800 --> 00:04:50,960 Speaker 1: Oak Island is a treasure hunting show. 90 00:04:51,279 --> 00:04:56,320 Speaker 4: Okay, all right, Well, sorry to hear that I skipped today, 91 00:04:56,640 --> 00:04:59,560 Speaker 4: miss me. Oh no, now I'm starting to sound like 92 00:04:59,600 --> 00:05:02,520 Speaker 4: the truck goober and that can't be good. Hope, I'm 93 00:05:02,560 --> 00:05:07,040 Speaker 4: not catching anything from the situation about to listen to 94 00:05:07,040 --> 00:05:11,240 Speaker 4: Today's potty Thing. Friday to eight on koa webpage. Is 95 00:05:11,240 --> 00:05:14,760 Speaker 4: it nine, ten eleven in that order? Goat, you know, 96 00:05:15,160 --> 00:05:16,120 Speaker 4: greatest of all time? 97 00:05:16,839 --> 00:05:17,039 Speaker 6: Uh? 98 00:05:17,040 --> 00:05:24,080 Speaker 4: Well, floor Wax did retire early? What I non sequitor? 99 00:05:24,120 --> 00:05:26,240 Speaker 4: I don't get it, but I hate to use a 100 00:05:26,240 --> 00:05:29,279 Speaker 4: big attack, you know, a Latin phrase like non sequitur. 101 00:05:29,360 --> 00:05:33,000 Speaker 1: But that that's for this audience. 102 00:05:33,160 --> 00:05:33,599 Speaker 2: That's right. 103 00:05:34,120 --> 00:05:37,640 Speaker 4: Uh, it doesn't follow, don't I don't follow that one. 104 00:05:38,160 --> 00:05:42,120 Speaker 4: I think I'm gonna uh, I'm gonna wean myself off 105 00:05:42,160 --> 00:05:47,560 Speaker 4: the postcard thing. You guys start, we started. You you're 106 00:05:47,600 --> 00:05:49,960 Speaker 4: the one that did it. Text will do for for 107 00:05:50,080 --> 00:05:53,719 Speaker 4: a tad then the other two. 108 00:05:55,520 --> 00:05:56,119 Speaker 1: Just uh. 109 00:05:56,480 --> 00:05:58,040 Speaker 2: This is from Ken of Florida. 110 00:05:58,120 --> 00:06:01,720 Speaker 4: Goober, uh so Florida, and it is Let's see where 111 00:06:01,720 --> 00:06:02,760 Speaker 4: it's postmarked. 112 00:06:04,040 --> 00:06:04,400 Speaker 2: I had it. 113 00:06:04,400 --> 00:06:06,640 Speaker 4: When they don't put the postmark, it's hard to tell 114 00:06:06,680 --> 00:06:11,400 Speaker 4: now with these stupid QR codes. And then here let's see, Oh, 115 00:06:11,440 --> 00:06:13,320 Speaker 4: there's no one from Rick, but it's not numbered Happy 116 00:06:13,360 --> 00:06:17,039 Speaker 4: Vale or something. Valentine's Day coming up. Quote you don't 117 00:06:17,040 --> 00:06:19,880 Speaker 4: have to get me anything for Valentine's Day. Close quote 118 00:06:19,920 --> 00:06:22,520 Speaker 4: is the same as quote I'm fine, you're welcome. 119 00:06:23,279 --> 00:06:25,400 Speaker 5: And by the way, if they if they say they 120 00:06:25,400 --> 00:06:27,599 Speaker 5: don't want anything, you better get something. 121 00:06:27,640 --> 00:06:31,280 Speaker 4: And by the way you're is the proper contraction you are, 122 00:06:32,160 --> 00:06:35,440 Speaker 4: so he's he's not completely illiterate, which is you know 123 00:06:35,520 --> 00:06:39,440 Speaker 4: for us, that increases the baseline of the IQ level 124 00:06:39,520 --> 00:06:43,359 Speaker 4: of the Googer listeners. We've gone from sixty five to 125 00:06:43,400 --> 00:06:46,480 Speaker 4: sixty eight. I'm just trying to get room temperature seventy 126 00:06:46,480 --> 00:06:49,760 Speaker 4: two for our IQ. Dear Michael, I was looking. I 127 00:06:49,839 --> 00:06:53,320 Speaker 4: was wondering. This is dated Tuesday two three. This is 128 00:06:53,360 --> 00:06:57,839 Speaker 4: inmate jail mail. Yes, this is in the in inmate 129 00:06:57,960 --> 00:07:02,160 Speaker 4: sixty five eight six six one. They actually print, They 130 00:07:02,200 --> 00:07:06,599 Speaker 4: have pre printed labels at this federal facility down in 131 00:07:06,640 --> 00:07:10,920 Speaker 4: North Carolina, Butler Butner, North Carolina. 132 00:07:11,160 --> 00:07:14,920 Speaker 1: I just like the tape to put the It's like surgical. 133 00:07:14,520 --> 00:07:16,480 Speaker 2: Tape or something. I know, it's really weird. 134 00:07:17,360 --> 00:07:18,280 Speaker 1: Why I let you open it? 135 00:07:18,320 --> 00:07:18,800 Speaker 2: Thank you? Well? 136 00:07:18,840 --> 00:07:22,040 Speaker 4: Well, the the the anthrax didn't spill too far, so 137 00:07:22,040 --> 00:07:22,800 Speaker 4: it's not too bad. 138 00:07:23,280 --> 00:07:24,760 Speaker 2: But they have pre printed labels. 139 00:07:25,040 --> 00:07:28,800 Speaker 4: Uh, it's got little arrows six five eight six six, Nash. 140 00:07:28,720 --> 00:07:29,320 Speaker 2: One one two. 141 00:07:29,360 --> 00:07:32,679 Speaker 4: The prisoner's name Freedom Radio forty six nine on Brother Blah. 142 00:07:32,720 --> 00:07:34,200 Speaker 4: You know that he's got his name over here. I'm 143 00:07:34,200 --> 00:07:37,800 Speaker 4: not gonna give his name out. But Christopher, if you're listening, 144 00:07:38,880 --> 00:07:40,440 Speaker 4: you're obviously in a federal facility. 145 00:07:40,480 --> 00:07:41,160 Speaker 2: We'd love to. 146 00:07:41,160 --> 00:07:44,560 Speaker 1: Know why, and he doesn't explain in the letter. 147 00:07:44,840 --> 00:07:49,320 Speaker 4: No, but apparently parole's coming up for something. I was 148 00:07:49,360 --> 00:07:51,120 Speaker 4: wondering if it would be possible for you to send 149 00:07:51,160 --> 00:07:53,800 Speaker 4: me a copy of your program schedule. I will be 150 00:07:53,880 --> 00:07:56,680 Speaker 4: moving back to the Denver area soon and look forward 151 00:07:56,720 --> 00:08:00,320 Speaker 4: to hearing your station again. Thank you very much, sincerely. 152 00:08:00,400 --> 00:08:02,560 Speaker 2: Blah blah blah. 153 00:08:02,880 --> 00:08:06,200 Speaker 4: Well, if you know it the letter, yeah, if you 154 00:08:06,320 --> 00:08:11,480 Speaker 4: know how to listen now or you're listening now, you 155 00:08:11,560 --> 00:08:13,640 Speaker 4: must know part of the schedule. 156 00:08:13,760 --> 00:08:15,360 Speaker 1: Well he said it the Freedom and you're only on 157 00:08:15,440 --> 00:08:16,720 Speaker 1: Freedom on that Saturday show. 158 00:08:16,760 --> 00:08:17,920 Speaker 2: Now that that could be true. 159 00:08:17,960 --> 00:08:21,800 Speaker 4: Yeah, yeah, that's that's very insightful of you, mister red 160 00:08:21,880 --> 00:08:25,280 Speaker 4: nose or whatever, what do you call you? Mister almost 161 00:08:25,320 --> 00:08:30,680 Speaker 4: that do do do? Do mister something? Uh bluod nose, 162 00:08:30,880 --> 00:08:33,160 Speaker 4: dragon blood nose, dragon blood nose. 163 00:08:33,200 --> 00:08:34,400 Speaker 2: Have you any more problems with that? 164 00:08:34,679 --> 00:08:35,880 Speaker 1: Yeah, it was just that one day. 165 00:08:35,920 --> 00:08:37,679 Speaker 5: I rarely get bloody noses to the beginning with, but 166 00:08:37,720 --> 00:08:39,240 Speaker 5: as soon as everybody starts peaking, because. 167 00:08:39,080 --> 00:08:41,080 Speaker 4: Normally you're able to dodge the fist when it comes 168 00:08:41,120 --> 00:08:41,680 Speaker 4: flying at you. 169 00:08:41,760 --> 00:08:43,439 Speaker 5: Right, But as soon as everybody starts pointing out the 170 00:08:43,440 --> 00:08:45,040 Speaker 5: fact that I've got a tissue in my nose, well 171 00:08:45,040 --> 00:08:49,880 Speaker 5: it's going to stay there all day. 172 00:08:49,800 --> 00:08:50,040 Speaker 2: Later. 173 00:08:50,120 --> 00:08:55,320 Speaker 4: Today we are going to we're going to do a 174 00:08:55,320 --> 00:08:57,760 Speaker 4: little history leton, not not a law school lesson. Today, 175 00:08:57,800 --> 00:09:00,680 Speaker 4: We're going to do a history lesson about the deep state. 176 00:09:01,440 --> 00:09:04,719 Speaker 4: You know, I've always preferred the administrative state. But there 177 00:09:04,880 --> 00:09:07,200 Speaker 4: was an article written by a friend of mine, in 178 00:09:07,720 --> 00:09:10,520 Speaker 4: a reporter friend of mine, so think friend of mine 179 00:09:10,520 --> 00:09:15,359 Speaker 4: in quotes there about the deep state going back to Watergate, 180 00:09:15,760 --> 00:09:19,920 Speaker 4: and it's in depth. It's it's really a deep, lengthy read. 181 00:09:20,080 --> 00:09:22,360 Speaker 4: So all of you who have ADHD, which is about 182 00:09:22,400 --> 00:09:24,760 Speaker 4: ninety nine point nine percent of the American population to date, 183 00:09:25,840 --> 00:09:29,760 Speaker 4: may not get past the first five out of probably 184 00:09:29,880 --> 00:09:32,360 Speaker 4: thirty paragraphs. But if you have the chance to do it, 185 00:09:32,400 --> 00:09:33,760 Speaker 4: you really should do it. So we're going to do 186 00:09:33,800 --> 00:09:38,520 Speaker 4: that in depth. But there was well dragging you into 187 00:09:38,559 --> 00:09:42,040 Speaker 4: that microphone on This is not really the genesis of 188 00:09:43,200 --> 00:09:46,720 Speaker 4: what I want to talk about, but it is a 189 00:09:46,760 --> 00:09:50,280 Speaker 4: somewhat good example of what I want to talk about 190 00:09:50,320 --> 00:09:56,320 Speaker 4: in terms of the media and the economy. Oh you 191 00:09:56,360 --> 00:10:00,920 Speaker 4: know what, we're so busy getting the postcards. ILD plugin. 192 00:10:03,040 --> 00:10:03,079 Speaker 7: Me. 193 00:10:04,640 --> 00:10:06,720 Speaker 5: So it's no longer a double click Michael, it's an 194 00:10:06,720 --> 00:10:07,880 Speaker 5: insert the cable Michael. 195 00:10:08,240 --> 00:10:12,760 Speaker 4: No, it's like good grief the wiring in here. Of course, 196 00:10:12,760 --> 00:10:14,680 Speaker 4: I got something to bitchal that right's top notch. What 197 00:10:14,679 --> 00:10:18,120 Speaker 4: are you talking about? That's why I have to drop 198 00:10:18,160 --> 00:10:21,560 Speaker 4: it and drag it across the floor to prevent any 199 00:10:21,600 --> 00:10:26,320 Speaker 4: static electricity from It's just anyway, gut failed from the 200 00:10:26,360 --> 00:10:27,760 Speaker 4: five yesterday. 201 00:10:28,040 --> 00:10:31,640 Speaker 6: But people do like an inch is always an inch 202 00:10:31,840 --> 00:10:35,280 Speaker 6: until you ask a guy how tall he is. OREO 203 00:10:36,120 --> 00:10:38,160 Speaker 6: pound is a pound until you ask a lady away, 204 00:10:38,240 --> 00:10:39,400 Speaker 6: which you shouldn't. 205 00:10:39,080 --> 00:10:39,679 Speaker 1: Never do that. 206 00:10:39,920 --> 00:10:42,520 Speaker 6: So the ACTUALO this thing is a great example. You know, 207 00:10:42,520 --> 00:10:45,600 Speaker 6: they admit that the crime is dropping, but then they 208 00:10:45,600 --> 00:10:49,040 Speaker 6: add that word despite so they note the numbers. 209 00:10:49,280 --> 00:10:51,400 Speaker 1: They changed the story with. 210 00:10:51,480 --> 00:10:54,040 Speaker 6: The hope that that becomes the narrative for the rest 211 00:10:54,120 --> 00:10:55,280 Speaker 6: of the discredited media. 212 00:10:55,320 --> 00:10:57,240 Speaker 1: But they got this is the great thing about social media. 213 00:10:57,240 --> 00:10:58,440 Speaker 2: We would say, lst social media is. 214 00:10:58,440 --> 00:11:02,000 Speaker 1: Bad, but that didn't last. Now, in the old days, 215 00:11:02,080 --> 00:11:04,439 Speaker 1: before X was sold. 216 00:11:04,400 --> 00:11:06,880 Speaker 6: That thing would have been it would have been a 217 00:11:06,920 --> 00:11:12,240 Speaker 6: bad signal the coconformity trigger. Like okay, this is the 218 00:11:12,320 --> 00:11:15,320 Speaker 6: story you're gonna run with. It'll help you explain explain 219 00:11:15,400 --> 00:11:16,480 Speaker 6: the number the times we. 220 00:11:16,559 --> 00:11:18,439 Speaker 1: Do with the Washington Post and everybody. 221 00:11:19,040 --> 00:11:22,640 Speaker 6: Republicans, however, they can report real numbers. When the Democrats 222 00:11:22,679 --> 00:11:24,040 Speaker 6: were in power, so they didn't have to do this. 223 00:11:24,320 --> 00:11:27,559 Speaker 6: You looked at the millions that were streaming in documented 224 00:11:27,840 --> 00:11:28,760 Speaker 6: across the border. 225 00:11:28,840 --> 00:11:30,280 Speaker 1: You saw the murder. 226 00:11:30,040 --> 00:11:32,760 Speaker 6: Rates, you saw the amount of overdoses. You didn't have 227 00:11:32,800 --> 00:11:36,160 Speaker 6: to fudget at all. So the Dems, what do they do? Then? 228 00:11:36,440 --> 00:11:38,840 Speaker 1: They just avoided those numbers. 229 00:11:39,000 --> 00:11:42,920 Speaker 6: The media avoided those numbers they wanted to, And that's true. 230 00:11:43,200 --> 00:11:47,040 Speaker 4: They avoid the numbers. So in a conversation I had 231 00:11:47,120 --> 00:11:51,240 Speaker 4: yesterday with a individual I was here at the building, 232 00:11:52,800 --> 00:11:57,360 Speaker 4: was obs listens to me and talked about you. You 233 00:11:57,440 --> 00:12:00,360 Speaker 4: always talked about how great it is, but don't you 234 00:12:00,400 --> 00:12:04,840 Speaker 4: remember how great it was like back in the eighties 235 00:12:05,000 --> 00:12:08,400 Speaker 4: or the seventies or the sixties, and even going back 236 00:12:08,400 --> 00:12:12,720 Speaker 4: to the fifties. And I thought, really, because I remember 237 00:12:13,240 --> 00:12:16,120 Speaker 4: my life, you know, going through you know, high school, 238 00:12:16,400 --> 00:12:18,280 Speaker 4: I don't remember much about the economy, but you know, 239 00:12:18,320 --> 00:12:21,360 Speaker 4: we lived a pretty good life and then college, you know, 240 00:12:21,400 --> 00:12:23,320 Speaker 4: a little bit of struggles during college you know, Tam 241 00:12:23,360 --> 00:12:25,880 Speaker 4: and I had gotten married and boom, all of a sudden, 242 00:12:25,880 --> 00:12:28,400 Speaker 4: we're having a child, which you know, we're a certain guy, 243 00:12:28,440 --> 00:12:29,760 Speaker 4: we did, but at the time we were like, oh 244 00:12:29,800 --> 00:12:32,640 Speaker 4: my gosh, we're gonna with a kid, and you know, 245 00:12:32,679 --> 00:12:34,640 Speaker 4: trying to go through law school and then trying to 246 00:12:34,679 --> 00:12:36,839 Speaker 4: work and finish law school, and then you know, your 247 00:12:36,840 --> 00:12:39,320 Speaker 4: first job, and then you get the oil bus, and 248 00:12:39,360 --> 00:12:43,640 Speaker 4: you just there are all these peaks and valleys, and 249 00:12:43,679 --> 00:12:49,240 Speaker 4: you know how big I am on perspective. So this 250 00:12:49,360 --> 00:12:52,959 Speaker 4: in this conversation, I'm told, well, because it's an older gentleman, 251 00:12:53,640 --> 00:12:57,599 Speaker 4: the fifties was the best time of all. Now, I 252 00:12:57,600 --> 00:13:00,920 Speaker 4: don't remember the fifties because well, well for most of 253 00:13:00,960 --> 00:13:04,960 Speaker 4: it I wasn't alive. But what was the best era 254 00:13:05,080 --> 00:13:08,400 Speaker 4: for the US economy? Was it the fifties? Because that's 255 00:13:08,440 --> 00:13:10,439 Speaker 4: the fable that that that's kind of the tale that 256 00:13:10,480 --> 00:13:12,559 Speaker 4: we keep telling ourselves that you know, the. 257 00:13:12,559 --> 00:13:14,600 Speaker 2: Old days were the best days. 258 00:13:15,120 --> 00:13:20,199 Speaker 4: Well, the fable goes that the economy was growing robustly, 259 00:13:20,440 --> 00:13:23,319 Speaker 4: that manufacturing was strong, there were good union jobs for 260 00:13:23,440 --> 00:13:26,800 Speaker 4: not very skilled people, and a man could buy a 261 00:13:26,840 --> 00:13:30,400 Speaker 4: house and support a family on a job. And so 262 00:13:30,559 --> 00:13:32,360 Speaker 4: we had leave it to Beaver. We had all of 263 00:13:32,400 --> 00:13:38,080 Speaker 4: those things. We had the Oh, I can't remember all 264 00:13:38,120 --> 00:13:41,000 Speaker 4: those shows from the fifties. You had Andy Griffith, you know, 265 00:13:41,200 --> 00:13:43,840 Speaker 4: you had what's what's his name? 266 00:13:43,880 --> 00:13:49,720 Speaker 2: The director? Uh, that was the kid in in the 267 00:13:49,760 --> 00:13:50,680 Speaker 2: Andy Griffith show. 268 00:13:51,880 --> 00:13:53,559 Speaker 1: Yes, the bad guy kid. 269 00:13:53,640 --> 00:13:57,640 Speaker 2: Yeah, right, yeah, that guy, that guy. You can't remember 270 00:13:57,679 --> 00:13:58,000 Speaker 2: it either. 271 00:13:58,080 --> 00:13:58,440 Speaker 1: Nope. 272 00:13:59,080 --> 00:14:05,840 Speaker 4: So Ron Ron Ron Howard Ron Hard, who, by the way, 273 00:14:05,880 --> 00:14:11,480 Speaker 4: is born in Oklahoma. Ron Hoard born in Oklahoma. So, 274 00:14:12,240 --> 00:14:16,880 Speaker 4: real gross domestic product per capita, which is also national 275 00:14:16,920 --> 00:14:20,840 Speaker 4: income per capita, in nineteen fifty five sat below nineteen 276 00:14:20,920 --> 00:14:25,800 Speaker 4: thousand dollars. Last year it approached sixty nine thousand, five 277 00:14:25,920 --> 00:14:30,120 Speaker 4: hundred dollars. Now, I calculate it calculated that in twenty 278 00:14:30,200 --> 00:14:34,600 Speaker 4: seventeen dollars trying to beat the inflation from the COVID era. 279 00:14:35,200 --> 00:14:38,680 Speaker 4: So the average American today is about three point seven 280 00:14:38,720 --> 00:14:42,280 Speaker 4: times better off now than they were in nineteen fifty five. 281 00:14:42,320 --> 00:14:46,360 Speaker 4: It's not even close now. Yes, the gross domestic product 282 00:14:46,720 --> 00:14:51,800 Speaker 4: grew faster in the nineteen fifties. Real gross domestic product 283 00:14:51,800 --> 00:14:56,040 Speaker 4: per capita grew almost thirty percent between nineteen forty nine 284 00:14:56,040 --> 00:14:59,520 Speaker 4: to nineteen fifty nine, but then between two thousand and 285 00:14:59,560 --> 00:15:02,520 Speaker 4: nine and twoenty nineteen that had slowed only eighteen point 286 00:15:02,560 --> 00:15:06,880 Speaker 4: three percent annual growth. So slowing growth is a major 287 00:15:06,920 --> 00:15:11,360 Speaker 4: economic problem today. But be that as it may. We 288 00:15:11,400 --> 00:15:16,880 Speaker 4: consume levels, we eat based on levels, not growth rates, 289 00:15:17,320 --> 00:15:19,880 Speaker 4: so we might not be getting even better off as 290 00:15:20,000 --> 00:15:20,520 Speaker 4: fast as. 291 00:15:20,440 --> 00:15:21,040 Speaker 2: We were then. 292 00:15:21,520 --> 00:15:24,400 Speaker 4: But still we are three points having almost four times 293 00:15:24,400 --> 00:15:27,320 Speaker 4: better off today than we were in the nineteen fifties. 294 00:15:28,040 --> 00:15:30,640 Speaker 2: So the jobs numbers came out and. 295 00:15:30,560 --> 00:15:32,800 Speaker 4: Everybody's extended because of where I forget what the number 296 00:15:32,840 --> 00:15:35,160 Speaker 4: one hundred and fifty hundred and eighty thousand jobs. According 297 00:15:35,200 --> 00:15:38,160 Speaker 4: to the job report just released recently in August of 298 00:15:38,240 --> 00:15:41,400 Speaker 4: twenty twenty five, there were one hundred and sixty three 299 00:15:41,480 --> 00:15:46,720 Speaker 4: million people employed in this country. In August nineteen fifty five, 300 00:15:47,640 --> 00:15:50,520 Speaker 4: instead of one hundred and sixty three million employed, there 301 00:15:50,520 --> 00:15:54,440 Speaker 4: were only sixty three million employed. So in other words, 302 00:15:54,440 --> 00:15:57,840 Speaker 4: we created one hundred billion jobs over those seven decades, 303 00:15:57,880 --> 00:16:03,920 Speaker 4: one hundred million jobs. Now, that growth occurred even as 304 00:16:04,720 --> 00:16:14,320 Speaker 4: even as manufacturing began, employment manufacturing shrank and machines started 305 00:16:14,360 --> 00:16:17,840 Speaker 4: taking over because people found better and better paying jobs, 306 00:16:17,880 --> 00:16:21,360 Speaker 4: mostly in services. We went from you know, a manufacturing 307 00:16:21,400 --> 00:16:25,520 Speaker 4: industrial base to the so called information age. So has 308 00:16:25,720 --> 00:16:29,720 Speaker 4: any evangelist reunion jobs in the nineteen fifties really thought 309 00:16:29,760 --> 00:16:32,680 Speaker 4: back about how dirty, dangerous, and my numbing it was 310 00:16:32,720 --> 00:16:36,120 Speaker 4: to work on an assembly line. Isn't being a desk drone, 311 00:16:36,160 --> 00:16:38,480 Speaker 4: a nurse, a bank employee, or any number of one 312 00:16:38,520 --> 00:16:42,320 Speaker 4: hundred mid level kind of service jobs really just kind 313 00:16:42,320 --> 00:16:44,640 Speaker 4: of a lot nicer and easier, in addition, better paid. 314 00:16:45,080 --> 00:16:49,320 Speaker 4: In twenty twenty five, the unemployment rate the fraction of 315 00:16:49,360 --> 00:16:52,920 Speaker 4: workers looking for a job stood at four percent, just 316 00:16:52,960 --> 00:16:55,680 Speaker 4: about what it was in the nineteen fifties and what 317 00:16:55,800 --> 00:17:00,720 Speaker 4: most economists considered to be a normal full employment labor market. 318 00:17:01,800 --> 00:17:06,679 Speaker 4: So the great nineteen fifties union labor market was great, 319 00:17:07,440 --> 00:17:10,480 Speaker 4: but only if you were a straight white man. 320 00:17:11,200 --> 00:17:14,439 Speaker 8: Hey, I was listening to the talk bask yesterday and 321 00:17:14,680 --> 00:17:17,320 Speaker 8: the trucker said that he goes away for long periods 322 00:17:17,320 --> 00:17:21,159 Speaker 8: of time and nobody misses him. Even his wife doesn't 323 00:17:21,160 --> 00:17:25,800 Speaker 8: miss him. I need fact check on that he has 324 00:17:25,840 --> 00:17:32,399 Speaker 8: a wife. If he could send in some documentation, that 325 00:17:32,440 --> 00:17:34,119 Speaker 8: would be great. Thanks. 326 00:17:34,440 --> 00:17:36,680 Speaker 5: Now, it's fun when the coopers make fun of us. 327 00:17:36,840 --> 00:17:38,960 Speaker 5: It's fun when if we make fun of them, Yes, 328 00:17:39,000 --> 00:17:40,920 Speaker 5: but when they start making fun of each other. 329 00:17:41,200 --> 00:17:45,000 Speaker 4: Yes, oh boy, that tells you we have attracted exactly 330 00:17:45,040 --> 00:17:46,359 Speaker 4: the kind of people we were trying to do. 331 00:17:46,520 --> 00:17:49,159 Speaker 1: I need to watch this. Where's my popcord? 332 00:17:48,640 --> 00:17:52,680 Speaker 4: So in one of the postcards there was a reference 333 00:17:52,760 --> 00:17:58,320 Speaker 4: to four backs taking early retirement, which I didn't. 334 00:17:58,680 --> 00:18:00,360 Speaker 2: I don't know what that reference was too. 335 00:18:00,560 --> 00:18:01,560 Speaker 1: You don't get the connection. 336 00:18:01,720 --> 00:18:03,639 Speaker 4: I don't do it connect. And I said, it's a 337 00:18:03,680 --> 00:18:05,800 Speaker 4: non secretary in that postcard. 338 00:18:05,880 --> 00:18:06,520 Speaker 1: That's a big word. 339 00:18:06,600 --> 00:18:08,119 Speaker 2: But yes, I know it's a big word. 340 00:18:08,240 --> 00:18:09,680 Speaker 1: But then somebody's a lawyer word. 341 00:18:09,720 --> 00:18:11,800 Speaker 4: But then somebody has to text me and tell me 342 00:18:12,119 --> 00:18:17,040 Speaker 4: who floor Wax was. Who oh huh gee, I've never 343 00:18:17,119 --> 00:18:21,120 Speaker 4: heard of Lewis and floor Wax, which I was an 344 00:18:21,640 --> 00:18:25,479 Speaker 4: ardent listener to them for years. I still have to 345 00:18:25,520 --> 00:18:30,040 Speaker 4: listen to Louis, but generally it's because I get text messages. 346 00:18:30,720 --> 00:18:33,679 Speaker 2: I'm Michael. I'm freaked out about Oh my god, the 347 00:18:33,640 --> 00:18:35,240 Speaker 2: world is going to hell of aam basket? What am 348 00:18:35,280 --> 00:18:36,800 Speaker 2: I gonna do? Oh my god? Come, I got to 349 00:18:36,840 --> 00:18:38,639 Speaker 2: have dinner at lunch of you Gotta save Me? 350 00:18:38,840 --> 00:18:41,439 Speaker 1: And one of us worked on their show for ten years. 351 00:18:42,320 --> 00:18:48,080 Speaker 4: It's very weird. I never did know floor wax. I've 352 00:18:48,080 --> 00:18:51,440 Speaker 4: known Rick for decades, so I just find it funny 353 00:18:51,440 --> 00:18:55,520 Speaker 4: how people impute certain things that really know. 354 00:18:56,480 --> 00:18:57,200 Speaker 2: And then I think. 355 00:18:57,040 --> 00:18:59,560 Speaker 4: About I thought I wrote that goodber back and said, 356 00:18:59,560 --> 00:19:03,640 Speaker 4: maybe that reference was to our joke about my having 357 00:19:03,640 --> 00:19:06,320 Speaker 4: to go to the principal's office today. But then I realized, no, 358 00:19:06,400 --> 00:19:09,119 Speaker 4: it couldn't be that, because this is a postcard that 359 00:19:09,160 --> 00:19:12,200 Speaker 4: was sent before. I missed that on air this morning. 360 00:19:12,320 --> 00:19:14,600 Speaker 2: Uh huh. So I had no clue what the still 361 00:19:14,920 --> 00:19:16,200 Speaker 2: don't know about the non sequitur. 362 00:19:17,359 --> 00:19:20,280 Speaker 4: So my last thing was basically that the nineteen fifties 363 00:19:21,119 --> 00:19:24,600 Speaker 4: labor market union members was good if you were a 364 00:19:24,640 --> 00:19:29,000 Speaker 4: straight white man, and you usually had to have connections. 365 00:19:29,760 --> 00:19:32,800 Speaker 4: The great saying of the Chicago machine when it came 366 00:19:32,840 --> 00:19:39,159 Speaker 4: to job allocations was we don't want nobody. Nobody sent women, 367 00:19:39,240 --> 00:19:43,800 Speaker 4: African Americans, other minorities. Immigrants faced bleak prospects, and one 368 00:19:43,800 --> 00:19:46,320 Speaker 4: of the great achieve achievements of the economy since the 369 00:19:46,400 --> 00:19:50,600 Speaker 4: nineteen fifties was we expanded the labor force as well 370 00:19:50,640 --> 00:19:53,439 Speaker 4: as opportunities for high paying jobs to all sorts of 371 00:19:53,440 --> 00:19:56,480 Speaker 4: people who back in the nineteen fifties were excluded. 372 00:19:57,640 --> 00:19:58,760 Speaker 2: This why I find all the. 373 00:19:58,720 --> 00:20:03,320 Speaker 4: Reference to reference to Jim Crow so offensive, or the 374 00:20:03,359 --> 00:20:06,480 Speaker 4: inability of blacks or minorities to be able to get 375 00:20:06,720 --> 00:20:10,399 Speaker 4: an ID. I mean, they have taken racism to a 376 00:20:10,400 --> 00:20:16,040 Speaker 4: whole new level. We expanded the labor force and now 377 00:20:16,240 --> 00:20:20,760 Speaker 4: we actually have a black middle class. We have black billionaires. 378 00:20:20,760 --> 00:20:25,919 Speaker 4: Oh my god, how did that ever happened? Oh, the 379 00:20:26,000 --> 00:20:31,080 Speaker 4: left has just become ridiculous. Civil rights, the emancipation, emancipation 380 00:20:31,160 --> 00:20:35,199 Speaker 4: of women, the increasing acceptance of gays, even h one 381 00:20:35,280 --> 00:20:36,879 Speaker 4: B visus, which you know, I think is abused. 382 00:20:36,880 --> 00:20:38,280 Speaker 2: Don't get me wrong. I think it's abused. 383 00:20:39,320 --> 00:20:41,760 Speaker 4: Catholics and Jews, Oh my god, we elected a Catholic 384 00:20:41,840 --> 00:20:46,160 Speaker 4: for president. Or having the joke about as the Five 385 00:20:46,280 --> 00:20:48,960 Speaker 4: joked about. You know, we all have a Jewish half 386 00:20:49,000 --> 00:20:51,160 Speaker 4: time show. We had a Latino halftime show. 387 00:20:51,200 --> 00:20:51,560 Speaker 1: Let's have a. 388 00:20:51,560 --> 00:20:55,600 Speaker 4: Jewish half time show. You could not ever even think 389 00:20:55,640 --> 00:20:59,480 Speaker 4: about that in the nineteen fifties. And all those accomplishments 390 00:20:59,520 --> 00:21:03,160 Speaker 4: are nothing to sneeze at. Yes, the unions made good 391 00:21:03,280 --> 00:21:07,000 Speaker 4: jobs for white men relative to other jobs, in part 392 00:21:07,080 --> 00:21:08,960 Speaker 4: by the exclusion. 393 00:21:08,440 --> 00:21:12,280 Speaker 2: Of other people. And what about those easy to buy houses. 394 00:21:13,200 --> 00:21:15,879 Speaker 4: The average house in the nineteen fifties now here's what 395 00:21:15,920 --> 00:21:18,320 Speaker 4: the lefties want us to go back to. The average 396 00:21:18,359 --> 00:21:21,240 Speaker 4: house in the nineteen fifties was about one thousand square feet. 397 00:21:22,240 --> 00:21:26,200 Speaker 4: The famous Levittown houses seven hundred and fifty square feet 398 00:21:26,320 --> 00:21:30,760 Speaker 4: one bathroom, the house that I initially grew up in 399 00:21:30,840 --> 00:21:34,480 Speaker 4: before my dad built another house in the Swank neighborhood. 400 00:21:34,520 --> 00:21:36,719 Speaker 4: And I put that in air quotes here because at 401 00:21:36,760 --> 00:21:38,760 Speaker 4: the time it was the Smiky neighborhood. 402 00:21:38,800 --> 00:21:39,560 Speaker 2: And I look at that. 403 00:21:39,480 --> 00:21:41,800 Speaker 4: Neighborhood that my mom still is in that house today, 404 00:21:42,119 --> 00:21:45,000 Speaker 4: and I think it's still nice. It's still you know, 405 00:21:45,359 --> 00:21:48,679 Speaker 4: middle class America and the Oklahoma Panhandle, but it's not 406 00:21:48,680 --> 00:21:53,000 Speaker 4: really the Smikey neighborhood or the house the tamer and 407 00:21:53,080 --> 00:21:55,359 Speaker 4: her family grew up in. I mean he was like, 408 00:21:55,400 --> 00:21:57,800 Speaker 4: you know, the doctor in the town. They didn't grow 409 00:21:57,840 --> 00:21:59,960 Speaker 4: up in some mansion. They grew up in a really 410 00:22:00,119 --> 00:22:05,880 Speaker 4: nice house. Today, the average house is about twenty five 411 00:22:05,960 --> 00:22:10,280 Speaker 4: hundred square feet. Now. The number of people in that 412 00:22:10,359 --> 00:22:14,159 Speaker 4: house has declined from three point four in nineteen fifty 413 00:22:14,200 --> 00:22:17,240 Speaker 4: to two point five and twenty twenty four, So people 414 00:22:17,320 --> 00:22:22,919 Speaker 4: are able to and are choosing larger and better homes now. 415 00:22:22,960 --> 00:22:29,119 Speaker 4: I know, the nineteen fifties cars among certain individuals, evoke 416 00:22:29,160 --> 00:22:32,280 Speaker 4: a lot of nostalgia, but when you really think about them, 417 00:22:32,320 --> 00:22:35,680 Speaker 4: they were awful. They were unsafe, rust buckets compared to 418 00:22:35,680 --> 00:22:39,520 Speaker 4: today's somewhat boring SUVs. I think about the Jep Grand, 419 00:22:39,920 --> 00:22:45,159 Speaker 4: the Jeep Grand Cherokee that I drive. Yeah, it's comfortable, 420 00:22:45,400 --> 00:22:47,960 Speaker 4: it's I can still go four wheel driving in it. 421 00:22:47,960 --> 00:22:50,720 Speaker 4: It gets me up all of the different roads around 422 00:22:50,720 --> 00:22:56,920 Speaker 4: the house in Wayhole, WayHome, Maico, New Mexico. But the 423 00:22:56,960 --> 00:23:00,680 Speaker 4: interior is plush. But it's just it's just an suv. 424 00:23:00,800 --> 00:23:04,440 Speaker 4: It's just a boring suv. Now the BMWM Sport that's 425 00:23:04,480 --> 00:23:10,560 Speaker 4: a different thing. But what about those, you know, the houses, 426 00:23:10,760 --> 00:23:14,639 Speaker 4: As I said, the houses today. Now everyone's griping at 427 00:23:14,720 --> 00:23:19,000 Speaker 4: us because well yesterday the offices they they have an 428 00:23:19,040 --> 00:23:22,560 Speaker 4: idea that they want to tax a spare bedroom. And 429 00:23:22,640 --> 00:23:25,160 Speaker 4: somebody mentioned in the text line, well that's not much 430 00:23:25,200 --> 00:23:26,520 Speaker 4: different than what they want to do up in the 431 00:23:26,520 --> 00:23:28,879 Speaker 4: mountain towns. If you if you own a house in 432 00:23:28,920 --> 00:23:32,000 Speaker 4: Summit County, which is you know, I've got neighbors to 433 00:23:32,040 --> 00:23:34,199 Speaker 4: have a home up in Summit County. So they go 434 00:23:34,280 --> 00:23:36,639 Speaker 4: up to Breckenridge, you know, every few weekends and they 435 00:23:36,720 --> 00:23:38,560 Speaker 4: stay up there, but the rest of the time it's vacant. Well, 436 00:23:38,560 --> 00:23:41,280 Speaker 4: they want to tax bio Summit County and other places 437 00:23:41,280 --> 00:23:44,879 Speaker 4: want to tax those people, and then they want to tax, 438 00:23:44,920 --> 00:23:47,760 Speaker 4: you know, all of the use of the houses if 439 00:23:47,800 --> 00:23:50,560 Speaker 4: you put it on an Airbnb or v RBO or something. 440 00:23:52,040 --> 00:23:55,800 Speaker 4: But there's this myth of some sort of egalitarian utopia 441 00:23:56,480 --> 00:23:59,280 Speaker 4: because gross domestic product isn't everything. 442 00:23:58,880 --> 00:23:59,680 Speaker 2: Though it is a lot. 443 00:24:00,600 --> 00:24:03,920 Speaker 4: Was healthcare keeper in the nineteen fifties, Yeah, though for 444 00:24:04,000 --> 00:24:09,040 Speaker 4: many diseases, including heart conditions, cancer treatment then consistenting pretty 445 00:24:09,119 --> 00:24:11,359 Speaker 4: much of asking are you ready to see your priest, 446 00:24:11,440 --> 00:24:14,000 Speaker 4: a minister or a rabbi so they can send you 447 00:24:14,000 --> 00:24:19,160 Speaker 4: off to the next world. Life expectancy at birth has 448 00:24:19,320 --> 00:24:25,359 Speaker 4: increased by a full decade, going from sixty five I 449 00:24:25,400 --> 00:24:28,520 Speaker 4: think sixty five point five or so to seventy five 450 00:24:28,600 --> 00:24:31,399 Speaker 4: point eight for men and seventy one point one to 451 00:24:31,400 --> 00:24:34,800 Speaker 4: eighty one point one for women. Pollution in the nineteen 452 00:24:34,840 --> 00:24:39,639 Speaker 4: fifties was atrocious, especially in those industrial l ayeras so beloved 453 00:24:39,680 --> 00:24:43,760 Speaker 4: by all the nostalgic left wing professors. The fraction of 454 00:24:43,800 --> 00:24:48,879 Speaker 4: people living in extreme poverty has plummeted, even as we 455 00:24:48,960 --> 00:24:51,159 Speaker 4: as the left cap moving the gold posts, and we 456 00:24:51,280 --> 00:24:55,520 Speaker 4: all been from nearly free technological marvels that are undreamed 457 00:24:55,560 --> 00:25:00,320 Speaker 4: of in the nineteen fifties. Most homeless people they have 458 00:25:00,400 --> 00:25:04,080 Speaker 4: cell phones. Yes, they got cell phones. Then they got 459 00:25:04,119 --> 00:25:08,919 Speaker 4: access to incredible healthcare. And our prosperity is in fact 460 00:25:09,560 --> 00:25:14,800 Speaker 4: widely shared. Now the inequality warriors, what have you believe otherwise? 461 00:25:15,440 --> 00:25:20,000 Speaker 4: But most research on income inequality doesn't account for taxes 462 00:25:20,040 --> 00:25:26,520 Speaker 4: and transfers, especially in kind transfers. Consumption inequality is much 463 00:25:26,560 --> 00:25:30,879 Speaker 4: lower than income or wealth inequality, and has expanded a 464 00:25:30,880 --> 00:25:34,760 Speaker 4: good deal less. You just can't have that many vacation homes. 465 00:25:35,080 --> 00:25:39,879 Speaker 4: Wealth inequality largely consists of high stock market values in 466 00:25:39,960 --> 00:25:43,120 Speaker 4: a low interest rate environment. Just how much social harmacy 467 00:25:43,160 --> 00:25:45,760 Speaker 4: long must huge holding of Tesla stock doing. 468 00:25:46,640 --> 00:25:47,520 Speaker 2: How's that hurting you? 469 00:25:48,480 --> 00:25:52,160 Speaker 4: Remaining invested in the company and producing cars and rockets? 470 00:25:52,160 --> 00:25:53,000 Speaker 2: And that's bad. 471 00:25:52,840 --> 00:25:58,240 Speaker 4: Somehow, So all these observers regard the nineteen fifties as 472 00:25:58,240 --> 00:26:02,000 Speaker 4: some sort of egalitarian utili because the rich faced high 473 00:26:02,080 --> 00:26:06,080 Speaker 4: statutory tax rate. Yes, the highest federal income tax rate 474 00:26:06,160 --> 00:26:08,880 Speaker 4: stood at ninety one percent for most of the decade. 475 00:26:09,840 --> 00:26:12,600 Speaker 4: But the people confronted with hot sky high tax rates. 476 00:26:13,480 --> 00:26:16,000 Speaker 4: They go talk to the lawyers pretty fast. And even 477 00:26:16,040 --> 00:26:19,520 Speaker 4: the far left economist Thomas Picketty, Emmanuel Says, and Gabriel 478 00:26:19,600 --> 00:26:22,560 Speaker 4: Zupman found that the top one percent of American holes 479 00:26:22,600 --> 00:26:26,320 Speaker 4: households paid on average forty two percent of their income 480 00:26:26,359 --> 00:26:29,840 Speaker 4: taxes the nineteen fifties, despite that ninety one percent tax rate. 481 00:26:30,000 --> 00:26:33,440 Speaker 7: That's for the January Johns report. This week they were 482 00:26:33,600 --> 00:26:37,440 Speaker 7: on the news saying they came in twice the expectation 483 00:26:37,640 --> 00:26:42,520 Speaker 7: for non farm payroll. So if the experts are always wrong, 484 00:26:42,800 --> 00:26:48,040 Speaker 7: are they still the experts. Nope, they're just propagandists. The 485 00:26:48,200 --> 00:26:52,199 Speaker 7: Trump economy is rocking, and. 486 00:26:52,280 --> 00:26:54,879 Speaker 4: They gets back to my point about what really is 487 00:26:54,920 --> 00:26:58,200 Speaker 4: the best economy the nineteen fifty sixties. No, I think 488 00:26:58,240 --> 00:27:02,000 Speaker 4: the best economy has been in twenty twenty five, and 489 00:27:02,080 --> 00:27:04,760 Speaker 4: twenty twenty four might not be far behind that. And 490 00:27:04,840 --> 00:27:06,480 Speaker 4: I think we're going to see that twenty twenty six 491 00:27:06,640 --> 00:27:08,919 Speaker 4: is going to be also. Well, let's go back to 492 00:27:08,920 --> 00:27:12,000 Speaker 4: the fifties for just a minute, because much has changed 493 00:27:12,040 --> 00:27:16,440 Speaker 4: since the nineteen fifties. Obviously, now to me, this is 494 00:27:16,480 --> 00:27:20,080 Speaker 4: a double edged sword. There was no federal food stamp 495 00:27:20,160 --> 00:27:24,320 Speaker 4: program in the nineteen fifties. So you might argue that, well, 496 00:27:24,560 --> 00:27:27,000 Speaker 4: what we've done is we've created a social safety net 497 00:27:27,560 --> 00:27:30,800 Speaker 4: that is now helping the poorest of the poor. But 498 00:27:31,000 --> 00:27:33,639 Speaker 4: is that really true when there are more than forty 499 00:27:33,680 --> 00:27:38,280 Speaker 4: one million Americans that are receiving supplemental nutrition assistants, and 500 00:27:38,359 --> 00:27:42,479 Speaker 4: can we really afford to continue to do that on 501 00:27:42,520 --> 00:27:47,639 Speaker 4: a per capita basis, on just a basic ratio. Is 502 00:27:47,840 --> 00:27:52,639 Speaker 4: as an expanding and growing economy creating more hungry people 503 00:27:53,880 --> 00:27:58,320 Speaker 4: or is this a situation where the beast feeds itself. 504 00:27:59,040 --> 00:28:02,840 Speaker 4: You create a program, people become dependent upon it, and 505 00:28:02,880 --> 00:28:06,760 Speaker 4: once they become dependent upon it, they continue to grow 506 00:28:06,800 --> 00:28:12,320 Speaker 4: that dependency. Back in the nineteen fifties, there wasn't Medicare, Medicaid, Obamacare, 507 00:28:13,000 --> 00:28:16,760 Speaker 4: social Security benefits were less generous. But we've reached the 508 00:28:16,800 --> 00:28:20,080 Speaker 4: point today where a homeless person, say in San Francisco, 509 00:28:20,640 --> 00:28:24,359 Speaker 4: can get cash payments of up to cash payments of 510 00:28:24,480 --> 00:28:26,679 Speaker 4: up to seven hundred and fourteen dollars a month just 511 00:28:26,720 --> 00:28:28,639 Speaker 4: for staying homeless. 512 00:28:29,400 --> 00:28:31,480 Speaker 2: So, while the economy. 513 00:28:31,400 --> 00:28:34,680 Speaker 4: In twenty twenty five and twenty twenty six is a 514 00:28:34,760 --> 00:28:38,440 Speaker 4: thousand times percent better than it was in the nineteen fifties, 515 00:28:38,920 --> 00:28:43,080 Speaker 4: at the same time, we have creative programs that were 516 00:28:43,880 --> 00:28:48,600 Speaker 4: horribly horribly designed that actually, if you go by I 517 00:28:48,680 --> 00:28:54,360 Speaker 4: just rewatched them a docudrama if you will. Rob Reiner 518 00:28:54,400 --> 00:28:59,360 Speaker 4: produced it back in twenty sixteen about LBJ, and the 519 00:28:59,400 --> 00:29:02,040 Speaker 4: reason I wanted to watch it was because of lbj's 520 00:29:02,080 --> 00:29:04,800 Speaker 4: speech that he gave to a Joint Session of Congress, 521 00:29:05,200 --> 00:29:07,800 Speaker 4: his first speech to the Joint Session of Congress after 522 00:29:07,800 --> 00:29:12,959 Speaker 4: the assassination of JFK. And it's a brilliant speech written 523 00:29:13,000 --> 00:29:16,960 Speaker 4: by Ted Sorenson, and the speech talks about how they're 524 00:29:17,000 --> 00:29:22,560 Speaker 4: going to continue Kennedy's vision of you know, helping the 525 00:29:22,600 --> 00:29:24,720 Speaker 4: course of the poor and doing all these you know, 526 00:29:24,800 --> 00:29:27,320 Speaker 4: the Civil Rights Act of nineteen sixty four, which Johnson 527 00:29:27,320 --> 00:29:30,040 Speaker 4: got passed, you know, over the objection to democrats, by 528 00:29:30,040 --> 00:29:37,920 Speaker 4: the way, But in hindsight, those programs have not really 529 00:29:39,120 --> 00:29:45,000 Speaker 4: solved poverty. They've expanded poverty. So, yeah, the nineteen fifties, 530 00:29:45,200 --> 00:29:49,080 Speaker 4: we didn't have those programs, so where worked because there 531 00:29:49,600 --> 00:29:52,760 Speaker 4: were hungry people back then. Why do we have so 532 00:29:52,800 --> 00:29:56,680 Speaker 4: many more now? Public schools and state universities of the 533 00:29:56,760 --> 00:30:00,200 Speaker 4: nineteen fifties, I think we're probably much better than they 534 00:30:00,200 --> 00:30:04,560 Speaker 4: are today. In the nineteen fifties, only about one in 535 00:30:04,640 --> 00:30:09,080 Speaker 4: twenty kids was born out of wedlock. By twenty twenty three, 536 00:30:09,360 --> 00:30:13,600 Speaker 4: forty percent of births were its unmarried women, and then 537 00:30:13,600 --> 00:30:17,240 Speaker 4: the overall birth rate has plummeted. So the failure to 538 00:30:17,240 --> 00:30:20,680 Speaker 4: build public infrastructure makes life unpleasant in many ways, especially 539 00:30:20,720 --> 00:30:25,280 Speaker 4: in cities beset by problems of traffic, parking, and basic liveability. So, yeah, 540 00:30:25,280 --> 00:30:27,680 Speaker 4: we've got troubles. We've got troubles in the economy. Do 541 00:30:28,000 --> 00:30:29,840 Speaker 4: you really want to go back to the nineteen fifties? 542 00:30:29,920 --> 00:30:30,360 Speaker 2: I don't. 543 00:30:31,360 --> 00:30:34,840 Speaker 4: It wasn't Greece, and I don't mean Greece is in 544 00:30:34,840 --> 00:30:39,040 Speaker 4: the country. I mean as in the movie. So what 545 00:30:39,080 --> 00:30:41,560 Speaker 4: we ought to do is just recognize that we are 546 00:30:41,640 --> 00:30:45,240 Speaker 4: where we are today. It is what it is. We 547 00:30:45,280 --> 00:30:49,080 Speaker 4: do have problems, but comparatively speaking, we're much better off 548 00:30:49,120 --> 00:30:52,000 Speaker 4: than we were in the nineteen fifties. Why can't we 549 00:30:52,080 --> 00:30:54,640 Speaker 4: have that perspective? And then why can't we have the 550 00:30:54,680 --> 00:30:57,320 Speaker 4: perspective that if the amount of people that are on 551 00:30:57,400 --> 00:31:01,400 Speaker 4: food stamps has ballooned to forty one million people, maybe 552 00:31:01,480 --> 00:31:04,640 Speaker 4: will to revisit that program and recognize that if you 553 00:31:04,720 --> 00:31:08,200 Speaker 4: go out somewhere and you feed the stray cat. The 554 00:31:08,200 --> 00:31:11,520 Speaker 4: stray cat's going to soon learn, you know. I'll give 555 00:31:11,560 --> 00:31:12,360 Speaker 4: you an example. 556 00:31:12,920 --> 00:31:13,080 Speaker 2: Now. 557 00:31:13,120 --> 00:31:16,200 Speaker 4: This woman has since deceased, But there was an old 558 00:31:16,200 --> 00:31:19,160 Speaker 4: woman that lived not far from where our home is, 559 00:31:19,240 --> 00:31:19,840 Speaker 4: New Mexico. 560 00:31:20,680 --> 00:31:24,520 Speaker 2: And she every year she would have a local. 561 00:31:26,720 --> 00:31:30,520 Speaker 4: Like I don't know, a farm store, a feed store, 562 00:31:31,040 --> 00:31:34,040 Speaker 4: bring her bags and bags of corn, and she would 563 00:31:34,040 --> 00:31:37,360 Speaker 4: feed the deer and the turkey, and she'd have she'd 564 00:31:37,360 --> 00:31:39,719 Speaker 4: have well, she'd have bear too, deer and turkey all 565 00:31:39,760 --> 00:31:42,520 Speaker 4: over the place. And I kept trying to get vinceerr milker, 566 00:31:42,520 --> 00:31:45,480 Speaker 4: don't do that, because you're making them dependent upon that, 567 00:31:45,760 --> 00:31:47,920 Speaker 4: and she freely admitted she was making it dependent upon 568 00:31:47,920 --> 00:31:52,560 Speaker 4: the food. So what happened when she died, Well, those 569 00:31:52,760 --> 00:31:55,840 Speaker 4: animals had to learn to feed themselves again. 570 00:31:57,600 --> 00:32:00,760 Speaker 2: So what are we doing? You can't You can't even 571 00:32:00,880 --> 00:32:02,080 Speaker 2: say anything. 572 00:32:02,080 --> 00:32:05,000 Speaker 4: Like what I'm saying without someone claiming, oh my gosh, 573 00:32:05,000 --> 00:32:07,880 Speaker 4: you're cold hearted, you're dispassionate, you don't care. 574 00:32:08,280 --> 00:32:08,920 Speaker 2: No I care. 575 00:32:09,320 --> 00:32:12,800 Speaker 4: I want them to survive, but not at everybody else's expense.