1
00:00:00,240 --> 00:00:05,640
Speaker 1: Scott's loan return here seven hundred WLW. Here we go

2
00:00:05,720 --> 00:00:08,600
Speaker 1: back half the week. We all good sew. Here's what

3
00:00:08,640 --> 00:00:14,680
Speaker 1: you need to know. Pharmaceuticals very expensive, especially insulin. If

4
00:00:14,720 --> 00:00:17,680
Speaker 1: you are on insulin, you know how expensive that is.

5
00:00:18,440 --> 00:00:22,079
Speaker 1: And the Federal Trade Commission a number of states and cities,

6
00:00:22,120 --> 00:00:26,479
Speaker 1: and now Hamilton County, Ohio suing three pharmacy benefit managers

7
00:00:26,480 --> 00:00:30,040
Speaker 1: at ECBs, care Mark, Express Scripts and optim Rx, as

8
00:00:30,040 --> 00:00:36,160
Speaker 1: well as Eli, Lilly, Novo, Nordisk, and another manufacture. And

9
00:00:36,440 --> 00:00:38,720
Speaker 1: those comprise about ninety six ninety seven percent of the

10
00:00:38,760 --> 00:00:41,239
Speaker 1: insulin market. And the reason they're suing them is for

11
00:00:41,360 --> 00:00:44,800
Speaker 1: allegedly fixing insulin and diabetes drug prices. So right now,

12
00:00:45,120 --> 00:00:46,559
Speaker 1: if you look at the cost it would have cost

13
00:00:46,600 --> 00:00:48,960
Speaker 1: them because about now less than are around two dollars

14
00:00:49,000 --> 00:00:52,760
Speaker 1: a vile to make that sells for literally hundreds of

15
00:00:52,880 --> 00:00:55,480
Speaker 1: times to that. We're talking one to three hundred times

16
00:00:55,840 --> 00:00:59,880
Speaker 1: what the cost is. And the suit alleges illegal price manipulation.

17
00:01:00,160 --> 00:01:03,120
Speaker 1: On this is County Commissioner Denise Treehouse. Welcome back to

18
00:01:03,120 --> 00:01:04,080
Speaker 1: the show, Denise. How are you.

19
00:01:05,319 --> 00:01:07,160
Speaker 2: I'm good, good morning, Scott.

20
00:01:06,880 --> 00:01:09,520
Speaker 1: Good Mark. You seem healthy. I'm healthy In this regard.

21
00:01:09,560 --> 00:01:11,759
Speaker 1: I am not on insulin, and I also don't think

22
00:01:11,760 --> 00:01:14,800
Speaker 1: I have anyone of my immediate family on insulin. But

23
00:01:14,880 --> 00:01:15,959
Speaker 1: I hear the horror stories.

24
00:01:17,480 --> 00:01:19,800
Speaker 2: Oh, there are many, many people that use insulin. It's

25
00:01:19,800 --> 00:01:22,759
Speaker 2: a life saving drugs. And in Hamilton County we've got

26
00:01:22,760 --> 00:01:26,280
Speaker 2: about eighty eight hundred county employees and family members that

27
00:01:26,400 --> 00:01:27,640
Speaker 2: use insulin, and that.

28
00:01:27,680 --> 00:01:33,400
Speaker 1: I believe is the highest drug category for coverage, right, yeah, yeah.

29
00:01:33,440 --> 00:01:37,760
Speaker 2: Fromenty twenty three to twenty twenty five, this diabetes medication

30
00:01:38,240 --> 00:01:41,080
Speaker 2: was the single highest cost prescription drug category for the county.

31
00:01:41,120 --> 00:01:43,880
Speaker 1: Okay, So what triggered the county to jump in this lawsuit?

32
00:01:43,920 --> 00:01:44,080
Speaker 3: Now?

33
00:01:44,120 --> 00:01:47,240
Speaker 1: Was there a particular spiking costs complaints from employees or

34
00:01:47,560 --> 00:01:50,920
Speaker 1: was it because the FTC settled with Express Scripts and said, hey,

35
00:01:50,920 --> 00:01:54,600
Speaker 1: there's an opportunity here to go after the other pharmacy

36
00:01:54,640 --> 00:01:57,280
Speaker 1: benefit managers and certainly the drug manufacturers.

37
00:01:58,080 --> 00:02:01,480
Speaker 2: Well, prosecutor pillage this to our attention, to be fair,

38
00:02:01,640 --> 00:02:04,200
Speaker 2: I didn't. This wasn't my idea, although I love the

39
00:02:04,240 --> 00:02:09,679
Speaker 2: idea because other communities, as you just said, were waging lawsuits.

40
00:02:09,720 --> 00:02:13,119
Speaker 2: They're about five hundred and fifty other entities, whether they're

41
00:02:13,160 --> 00:02:17,320
Speaker 2: state cities, health plans and so they are, you know,

42
00:02:17,400 --> 00:02:19,359
Speaker 2: weighing in on this, and we didn't want to miss

43
00:02:19,400 --> 00:02:21,840
Speaker 2: the boat. It kind of reminds me of the opioid

44
00:02:21,880 --> 00:02:26,359
Speaker 2: settlements where we were chewing and then we joined others

45
00:02:26,400 --> 00:02:29,639
Speaker 2: in that lawsuit to bring some resources down to Hamilton County.

46
00:02:29,680 --> 00:02:32,280
Speaker 1: All right, No, that makes sense. I know that the

47
00:02:32,320 --> 00:02:34,880
Speaker 1: defendants here in this is in case the companies point

48
00:02:34,919 --> 00:02:37,960
Speaker 1: out that previous insulin pricing cases have been dropped or

49
00:02:37,960 --> 00:02:40,799
Speaker 1: lost or settled for no money. What makes you think

50
00:02:40,840 --> 00:02:43,080
Speaker 1: this time is the magic charm, the magic bullet in

51
00:02:43,120 --> 00:02:45,680
Speaker 1: Hamlin County and the other areas of successful days.

52
00:02:46,760 --> 00:02:49,560
Speaker 2: Well, first of all, we're not paying anything upfront to

53
00:02:49,840 --> 00:02:53,639
Speaker 2: wage the lawsuit because we only pay if we win,

54
00:02:53,880 --> 00:02:56,839
Speaker 2: and so much like the opioid settlement, right, so we're

55
00:02:56,880 --> 00:03:01,280
Speaker 2: not no money lost to hear. But also what we

56
00:03:01,320 --> 00:03:04,000
Speaker 2: know is that, as you said, the cost of insulin

57
00:03:04,120 --> 00:03:07,760
Speaker 2: is skyrocketed, but the cost to produce insulin has gone down,

58
00:03:08,320 --> 00:03:10,880
Speaker 2: and so we are waging that they are colluding. They

59
00:03:10,960 --> 00:03:14,720
Speaker 2: are it's false price fixing, and so that's what we're

60
00:03:14,720 --> 00:03:16,560
Speaker 2: saying in the lawsuit. And I think we've got a

61
00:03:16,600 --> 00:03:19,600
Speaker 2: really good case in winning, as do five hundred and

62
00:03:19,639 --> 00:03:21,120
Speaker 2: forty nine other jurisdiction.

63
00:03:22,000 --> 00:03:24,239
Speaker 1: Yeah, in the drug manufacturer as they say that the

64
00:03:24,320 --> 00:03:26,720
Speaker 1: out of pocket costs are pretty low. Lily's been claiming listen,

65
00:03:26,760 --> 00:03:29,160
Speaker 1: it's like less than fifteen bucks a month on average.

66
00:03:29,240 --> 00:03:32,480
Speaker 1: So if the math mass there, if employees aren't paying

67
00:03:32,560 --> 00:03:35,240
Speaker 1: hundreds of per mile out of pocket, who's actually bearing

68
00:03:35,280 --> 00:03:37,920
Speaker 1: the inflated costs? That's the big question is taxpayers to

69
00:03:38,040 --> 00:03:40,240
Speaker 1: the county plan And that's why the county's evolved because

70
00:03:40,240 --> 00:03:41,160
Speaker 1: this is taxpayer money.

71
00:03:42,440 --> 00:03:46,840
Speaker 2: Well, we're paying thirteen million dollars for insulin coverage for

72
00:03:46,920 --> 00:03:49,040
Speaker 2: the county. That's a lot of money. And if we

73
00:03:49,080 --> 00:03:52,640
Speaker 2: can reduce that cost because we don't have these folks

74
00:03:52,640 --> 00:03:56,160
Speaker 2: colluding about price fixing, then we reduce the cost to

75
00:03:56,240 --> 00:03:59,400
Speaker 2: the county, and that translates the cost savings for the

76
00:03:59,400 --> 00:03:59,880
Speaker 2: tax payers.

77
00:04:00,400 --> 00:04:03,280
Speaker 1: The PBMs argue that they're actually the counterweight, that they

78
00:04:03,320 --> 00:04:06,440
Speaker 1: balance pharmaceutical the pharmaceutical monopoly with this and that they

79
00:04:06,480 --> 00:04:08,920
Speaker 1: can negotiate down prices. How would you respond to that?

80
00:04:08,960 --> 00:04:09,960
Speaker 1: Why they included in the suit?

81
00:04:09,960 --> 00:04:14,560
Speaker 2: Then well, that's that's a question for the prosecutor. I mean,

82
00:04:14,600 --> 00:04:16,599
Speaker 2: I'm not an attorney and I don't pretend to be one.

83
00:04:17,080 --> 00:04:17,719
Speaker 2: But the process.

84
00:04:17,800 --> 00:04:20,400
Speaker 1: That's why I like you, Denise, That's why we like you.

85
00:04:21,400 --> 00:04:25,640
Speaker 2: Yeah, I only say what I know. But Connie and

86
00:04:25,720 --> 00:04:29,080
Speaker 2: her team have identified the as you say, the drug

87
00:04:29,120 --> 00:04:32,360
Speaker 2: manufacturers and the benefit managers as part of this lawsuit.

88
00:04:32,400 --> 00:04:36,000
Speaker 2: I trust that, and I'm more than happy to pile

89
00:04:36,080 --> 00:04:38,760
Speaker 2: on and say, yes, this sounds like a good idea.

90
00:04:38,800 --> 00:04:40,839
Speaker 2: We need to go after these guys and say the

91
00:04:40,839 --> 00:04:41,680
Speaker 2: taxpayer some money.

92
00:04:41,800 --> 00:04:43,040
Speaker 1: That's what I'm calling you. You were right in the

93
00:04:43,080 --> 00:04:44,800
Speaker 1: coach of Cokannie's doing all the talking. You were standing

94
00:04:44,839 --> 00:04:46,600
Speaker 1: in the background. I like that. I like that. You're

95
00:04:46,600 --> 00:04:49,400
Speaker 1: get a look crowdit for standing back there and ride

96
00:04:49,400 --> 00:04:52,920
Speaker 1: the vape trail. She is Denniy's freehouse Hamlet County commissioner.

97
00:04:53,080 --> 00:04:56,960
Speaker 1: We're talking about the county now jumping on the lawsuit bandwig.

98
00:04:56,960 --> 00:04:58,760
Speaker 1: And no cost to the taxpayers either, because there's a

99
00:04:58,800 --> 00:05:01,840
Speaker 1: contingency basis. They went to the back of the proverbial

100
00:05:01,839 --> 00:05:03,520
Speaker 1: phone book and found lawyers out to think out of

101
00:05:03,520 --> 00:05:05,880
Speaker 1: phillyre somewhere and said, Okay, we're going to try this

102
00:05:05,880 --> 00:05:10,440
Speaker 1: as a class and it's Philadelphia. It's also, as I mentioned,

103
00:05:10,480 --> 00:05:12,440
Speaker 1: other states are getting involved with US as well. I

104
00:05:12,440 --> 00:05:14,960
Speaker 1: think Hamilton in the first county to do this, and

105
00:05:15,360 --> 00:05:18,279
Speaker 1: they're upset about obviously high insulin prices. You need that

106
00:05:18,360 --> 00:05:22,680
Speaker 1: to live, and the costs of production are dwarfed by

107
00:05:22,720 --> 00:05:25,680
Speaker 1: the cost it actually winds up paying by taxpayers and

108
00:05:25,760 --> 00:05:28,160
Speaker 1: those people who need that medicine to live. We're talking

109
00:05:28,160 --> 00:05:30,240
Speaker 1: one hundred two hundred three hundred percent mark up on that,

110
00:05:30,360 --> 00:05:32,440
Speaker 1: and that is the cause for the suit here too.

111
00:05:33,040 --> 00:05:34,880
Speaker 1: But part of this is how much of this is

112
00:05:35,240 --> 00:05:37,440
Speaker 1: should be at the federal government's feet though, you know,

113
00:05:37,480 --> 00:05:40,400
Speaker 1: the opia you mentioned at the onset denise about this

114
00:05:40,480 --> 00:05:42,720
Speaker 1: kind of models the opiate lawsuit. But you know, as

115
00:05:42,720 --> 00:05:44,920
Speaker 1: I recall with opiate, it's one of the big problems,

116
00:05:45,000 --> 00:05:46,479
Speaker 1: was it no one ever addressed was well, you know,

117
00:05:46,520 --> 00:05:50,120
Speaker 1: the FDA mandated, the government mandated that pain be treated

118
00:05:50,160 --> 00:05:53,040
Speaker 1: as a fifth vital sign, and so that encouraged the

119
00:05:53,120 --> 00:05:56,080
Speaker 1: over prescription of these things that later the government said,

120
00:05:56,080 --> 00:05:57,599
Speaker 1: well they're bad for you. Well, you had a hand

121
00:05:57,640 --> 00:05:59,560
Speaker 1: of that, you drove that. I think the same thing

122
00:05:59,600 --> 00:06:01,960
Speaker 1: is here. You know. The one of the big problems

123
00:06:02,080 --> 00:06:04,240
Speaker 1: is patent ever greening. I'm out of here familiar with that,

124
00:06:04,360 --> 00:06:07,400
Speaker 1: but the original patents expired a decade ago, and what

125
00:06:07,440 --> 00:06:09,760
Speaker 1: they do is they just slightly reformulated to keep the

126
00:06:09,800 --> 00:06:12,120
Speaker 1: patent alive to make more money. Is that something you

127
00:06:12,120 --> 00:06:13,400
Speaker 1: can be cleaned up by Congress?

128
00:06:15,320 --> 00:06:17,400
Speaker 2: Well, I mean I think we should be tackling this

129
00:06:17,480 --> 00:06:20,680
Speaker 2: at all levels, of course, but this one is you know,

130
00:06:20,880 --> 00:06:23,800
Speaker 2: and by the way, we hope to be part of

131
00:06:23,839 --> 00:06:27,440
Speaker 2: a multi jurisdictional litigation that's coming out of New Jersey.

132
00:06:27,520 --> 00:06:28,679
Speaker 2: So that's what this is about.

133
00:06:28,800 --> 00:06:29,440
Speaker 1: So we are.

134
00:06:29,320 --> 00:06:32,200
Speaker 2: Filing it individually. And if we don't get to be

135
00:06:32,279 --> 00:06:36,600
Speaker 2: part of the multi jurisdiction litification, that's fine, we'll pursue

136
00:06:36,600 --> 00:06:39,359
Speaker 2: it on our own. But the idea here, much like

137
00:06:39,400 --> 00:06:42,920
Speaker 2: the opioids, is to join together with others that are

138
00:06:42,920 --> 00:06:46,320
Speaker 2: doing the same thing to bring down resources to our

139
00:06:46,320 --> 00:06:49,400
Speaker 2: local community. If we don't file suit, we miss out.

140
00:06:49,760 --> 00:06:51,360
Speaker 2: And why would we do that. I mean, you know

141
00:06:51,440 --> 00:06:54,240
Speaker 2: so because so many others are in and yes, we

142
00:06:54,240 --> 00:06:56,640
Speaker 2: should tackle this at all levels, but we don't want

143
00:06:56,640 --> 00:06:59,640
Speaker 2: Hamilton County to be left out of you know, what's

144
00:06:59,680 --> 00:07:02,560
Speaker 2: happened in many other states and jurisdictions.

145
00:07:02,960 --> 00:07:05,599
Speaker 1: I always go on record, God, I always hate what

146
00:07:05,640 --> 00:07:07,520
Speaker 1: politics is doing in this country right now because it's

147
00:07:07,520 --> 00:07:11,320
Speaker 1: so mindless in bottom feeding and my side VI your side,

148
00:07:11,320 --> 00:07:13,680
Speaker 1: And I'm not alleging you doing that, but I'd go

149
00:07:13,720 --> 00:07:15,240
Speaker 1: back and go you know, this has been a problem

150
00:07:15,280 --> 00:07:17,880
Speaker 1: for a long time. Why are we waiting until now

151
00:07:17,880 --> 00:07:19,760
Speaker 1: to address it? Because this has been a problem under

152
00:07:20,200 --> 00:07:23,840
Speaker 1: Republican administrations as well as Democrats. And the lawsuit targets

153
00:07:23,840 --> 00:07:26,720
Speaker 1: PBS and manufactures. But like I said, you know, the

154
00:07:27,040 --> 00:07:29,880
Speaker 1: rebate system we can get into that is the core problem.

155
00:07:29,880 --> 00:07:32,000
Speaker 1: But like I said, you know, whether it's that or

156
00:07:32,000 --> 00:07:35,120
Speaker 1: the patent issue, patent evergreening, or the PBM scheme that

157
00:07:35,160 --> 00:07:40,360
Speaker 1: requires legislation to fix, not litigation, what's forcing Congress to

158
00:07:40,360 --> 00:07:42,560
Speaker 1: actually do their job here other than going after the

159
00:07:43,040 --> 00:07:44,960
Speaker 1: I guess the people are profiting it from which feels

160
00:07:44,960 --> 00:07:47,800
Speaker 1: good and it's very very populous, but again it doesn't

161
00:07:47,800 --> 00:07:49,960
Speaker 1: address the core issue, and that is government helped create

162
00:07:49,960 --> 00:07:50,440
Speaker 1: this whole thing.

163
00:07:51,680 --> 00:07:54,240
Speaker 2: Well, and I you know, I can't speak to why

164
00:07:54,280 --> 00:07:56,600
Speaker 2: the government at the federal level is not acting on this.

165
00:07:56,720 --> 00:07:57,920
Speaker 2: I mean I can't speak for them.

166
00:07:58,120 --> 00:08:00,040
Speaker 1: No money is why they're not acting on it.

167
00:08:00,680 --> 00:08:03,280
Speaker 2: Well, well, you know you have to ask them. And

168
00:08:03,320 --> 00:08:05,160
Speaker 2: again I'm not going to speak for other people. But

169
00:08:05,800 --> 00:08:08,960
Speaker 2: this litigation out of New Jersey is the prompt here.

170
00:08:09,240 --> 00:08:12,160
Speaker 2: That is the reason for the action. Now there's something

171
00:08:12,200 --> 00:08:15,160
Speaker 2: going on, it's got legs. We want to take advantage

172
00:08:15,200 --> 00:08:16,600
Speaker 2: of that. We want to be part of it. And

173
00:08:16,640 --> 00:08:19,679
Speaker 2: so that from my understanding, and again and prosecutor brought

174
00:08:19,680 --> 00:08:21,920
Speaker 2: this to it, But that is a prompt on by

175
00:08:22,000 --> 00:08:25,360
Speaker 2: way of timing, because there's something rolling down the tracks,

176
00:08:25,600 --> 00:08:27,840
Speaker 2: and if we don't jump on and file suit, we

177
00:08:27,920 --> 00:08:30,240
Speaker 2: miss and so we don't want to miss that. So

178
00:08:30,320 --> 00:08:31,360
Speaker 2: the opportunity is now.

179
00:08:31,600 --> 00:08:33,560
Speaker 1: Okay, if you win, though, get what you want in

180
00:08:33,559 --> 00:08:36,080
Speaker 1: your fourth lower prices. What's going to prevent these companies

181
00:08:36,080 --> 00:08:37,840
Speaker 1: from simply exiting the Ohio market.

182
00:08:39,960 --> 00:08:40,920
Speaker 2: I don't know the answer to that.

183
00:08:41,559 --> 00:08:43,240
Speaker 1: I mean, that's a third round. I don't know that

184
00:08:43,280 --> 00:08:44,840
Speaker 1: they will, but that's a third round. Like, hey, if

185
00:08:44,840 --> 00:08:47,400
Speaker 1: we can't make money off this, then we're out. We've

186
00:08:47,400 --> 00:08:50,120
Speaker 1: seen that happen elsewhere and I don't know if that

187
00:08:50,360 --> 00:08:52,640
Speaker 1: happened here or not, but that's that's pretty sobering. And

188
00:08:52,640 --> 00:08:54,520
Speaker 1: then where you get your diabetes medication.

189
00:08:54,720 --> 00:08:59,800
Speaker 2: Well, I'm not suggesting that these companies shouldn't make money.

190
00:09:00,200 --> 00:09:02,560
Speaker 2: We're saying that they shouldn't be colluding with one another

191
00:09:02,679 --> 00:09:05,360
Speaker 2: to jack up prices on taxpayers. That's what we're saying.

192
00:09:05,480 --> 00:09:07,560
Speaker 2: I mean, I am not used to be a small

193
00:09:07,559 --> 00:09:09,960
Speaker 2: business owner, as I've told you before. So you know,

194
00:09:10,040 --> 00:09:12,920
Speaker 2: businesses make money. That's fine, they've got their nets, they're

195
00:09:13,080 --> 00:09:18,280
Speaker 2: selling insulin, that's great. But to collude and falsely elevate

196
00:09:18,360 --> 00:09:21,840
Speaker 2: prices is something entirely different. And so that's what we're saying.

197
00:09:21,880 --> 00:09:24,320
Speaker 2: We're not saying they shouldn't make money, and they will

198
00:09:24,360 --> 00:09:26,839
Speaker 2: make money, but they shouldn't make as much as they

199
00:09:26,840 --> 00:09:28,400
Speaker 2: are by colluding with one another.

200
00:09:28,520 --> 00:09:31,280
Speaker 1: Gotcha, did you guys have to make going into this

201
00:09:31,360 --> 00:09:35,040
Speaker 1: to Connie share with you what the estimate of potential

202
00:09:35,080 --> 00:09:36,720
Speaker 1: recovery is here? How much money?

203
00:09:37,240 --> 00:09:37,440
Speaker 4: You know?

204
00:09:38,040 --> 00:09:38,920
Speaker 1: I asked that question.

205
00:09:39,000 --> 00:09:41,280
Speaker 2: So I just told you that we're spending about thirteen

206
00:09:41,360 --> 00:09:44,679
Speaker 2: million for this cost of account. It's a lot of money,

207
00:09:44,840 --> 00:09:47,360
Speaker 2: and so I mean, I don't know the answer to that,

208
00:09:47,480 --> 00:09:51,400
Speaker 2: but if it's a few millions, that's really meaningful in

209
00:09:51,400 --> 00:09:54,280
Speaker 2: a budget that's you know, strained and will be strained

210
00:09:54,400 --> 00:09:57,200
Speaker 2: last year, it'll be strained next year. But any money

211
00:09:57,240 --> 00:09:59,719
Speaker 2: that we can find to help with that is going

212
00:09:59,760 --> 00:10:00,920
Speaker 2: to be to our benefits.

213
00:10:00,960 --> 00:10:02,839
Speaker 1: For sure, who would get the money? Does go back

214
00:10:02,840 --> 00:10:05,560
Speaker 1: in the general fund? Does it? Does it go directly

215
00:10:05,559 --> 00:10:08,440
Speaker 1: towards prescription prices and offset with the county pays? Does

216
00:10:08,480 --> 00:10:14,800
Speaker 1: it go to to the Bengals? Where's the money going somehow?

217
00:10:14,800 --> 00:10:16,760
Speaker 1: Wait there, I think Mike Brown gets a percentage. I

218
00:10:16,760 --> 00:10:18,760
Speaker 1: don't know how this sits. Apparently in the master agreement.

219
00:10:19,920 --> 00:10:23,280
Speaker 2: Is your preoccupation with the bankers? But no, no, it'll

220
00:10:23,320 --> 00:10:25,080
Speaker 2: go into the general fund. And so then we have

221
00:10:25,160 --> 00:10:28,120
Speaker 2: to make a decision commissioners. You know, the general fund

222
00:10:28,120 --> 00:10:30,760
Speaker 2: pays for the deputies for for nine to one one

223
00:10:30,760 --> 00:10:33,040
Speaker 2: call takers. Are all the things that we've always talked about.

224
00:10:33,400 --> 00:10:36,840
Speaker 2: Or is it a benefit to those that are in

225
00:10:36,920 --> 00:10:40,440
Speaker 2: the benefits system the healthcare system of the county. And

226
00:10:40,520 --> 00:10:43,920
Speaker 2: do we offer some relief somewhere else for our employees

227
00:10:44,800 --> 00:10:46,920
Speaker 2: or do we put it more towards the general fund

228
00:10:47,040 --> 00:10:49,840
Speaker 2: for more general purposes. And that's something we'll have to

229
00:10:49,880 --> 00:10:50,680
Speaker 2: decide down the road.

230
00:10:51,600 --> 00:10:53,440
Speaker 1: If this is successful, does that open the door for

231
00:10:53,520 --> 00:10:56,199
Speaker 1: other suits for other things that might be expensive? I mean,

232
00:10:56,760 --> 00:10:59,520
Speaker 1: do you just continue this path? I'm not saying it's

233
00:10:59,520 --> 00:11:02,120
Speaker 1: a bad path, but what open mind? Hey, we got

234
00:11:02,120 --> 00:11:03,720
Speaker 1: money we're able to fix this, what's next.

235
00:11:05,120 --> 00:11:07,200
Speaker 2: Well, I think we always should be open to an

236
00:11:07,240 --> 00:11:10,160
Speaker 2: opportunity when there's a big suit going on in multi

237
00:11:10,240 --> 00:11:13,360
Speaker 2: jurisdiction litigation, I think we should always be open to

238
00:11:13,440 --> 00:11:15,760
Speaker 2: piling on it is worthy, right, if it's worthy of

239
00:11:15,760 --> 00:11:18,640
Speaker 2: our attention. Again, we're not paying any money to do

240
00:11:18,720 --> 00:11:22,000
Speaker 2: this right now. It's on a contingent basis, So that's

241
00:11:22,040 --> 00:11:24,760
Speaker 2: the good news for the taxpayers. But yeah, I don't

242
00:11:24,760 --> 00:11:27,920
Speaker 2: know why we wouldn't look for opportunities to write size

243
00:11:27,960 --> 00:11:30,480
Speaker 2: things in Hamilton County. But again, you know, I'm not

244
00:11:30,600 --> 00:11:33,560
Speaker 2: the prosecutor, and so the prosecutor's job literally is to

245
00:11:33,640 --> 00:11:36,040
Speaker 2: file these actions with the support of the Commission, and

246
00:11:36,080 --> 00:11:37,120
Speaker 2: so that's what we're doing here.

247
00:11:37,320 --> 00:11:39,480
Speaker 1: Yeah, yeah, I mean this has been a let's face it,

248
00:11:39,720 --> 00:11:41,280
Speaker 1: back to politics. This has been a talking point for

249
00:11:41,320 --> 00:11:43,200
Speaker 1: Democrats for a long long time. I mean, it used

250
00:11:43,240 --> 00:11:45,240
Speaker 1: to be the insulin cost two dollars to make. That's

251
00:11:45,280 --> 00:11:47,920
Speaker 1: been thrown around for a long long time. And now

252
00:11:48,000 --> 00:11:52,240
Speaker 1: we're there's action on this. And you know, obviously Democrats

253
00:11:52,240 --> 00:11:54,760
Speaker 1: get hammered on cost of living issues, and now that's

254
00:11:54,760 --> 00:11:56,439
Speaker 1: starting to turn the other way. But you know, I

255
00:11:56,480 --> 00:11:59,360
Speaker 1: think this is maybe a populist idea here that has

256
00:11:59,360 --> 00:12:02,520
Speaker 1: some legs, and find out exactly if you can get

257
00:12:02,559 --> 00:12:06,160
Speaker 1: some money back from these companies. I just wonder, why

258
00:12:06,200 --> 00:12:07,800
Speaker 1: don't we just address the route. As you said, that's

259
00:12:07,800 --> 00:12:09,679
Speaker 1: outside of your scope as a commissioner. I appreciate and

260
00:12:09,760 --> 00:12:12,199
Speaker 1: understand that. I think we're both frustrated with the system

261
00:12:12,240 --> 00:12:14,640
Speaker 1: the way it is right now, especially with healthcare. I

262
00:12:14,640 --> 00:12:16,600
Speaker 1: don't know if this fixes it, but it does cost

263
00:12:16,600 --> 00:12:19,240
Speaker 1: some of that money back, because you know, if you

264
00:12:19,240 --> 00:12:21,600
Speaker 1: need insulin to live and you can't afford it, that's

265
00:12:21,600 --> 00:12:23,760
Speaker 1: a huge problem. And also that thirteen million dollars that

266
00:12:23,960 --> 00:12:26,000
Speaker 1: the county pays, and these are for people who have

267
00:12:26,040 --> 00:12:28,679
Speaker 1: coverage because they work for the county. There's so many

268
00:12:28,679 --> 00:12:31,760
Speaker 1: people that don't, and that's a scary part well.

269
00:12:31,800 --> 00:12:35,160
Speaker 2: And you know, we don't want these companies taking advantage of,

270
00:12:35,320 --> 00:12:38,160
Speaker 2: you know, providing a drug that's life saving to people

271
00:12:38,160 --> 00:12:42,000
Speaker 2: in our community. I mean it's insulting, I think. And

272
00:12:42,120 --> 00:12:45,640
Speaker 2: so when you particularly when you talk about insulin, because

273
00:12:45,679 --> 00:12:48,439
Speaker 2: it's not like this is some drug that people may

274
00:12:48,520 --> 00:12:50,760
Speaker 2: or may not want to use. This is life saving.

275
00:12:50,880 --> 00:12:53,440
Speaker 2: People need the drug. And to to collude over the

276
00:12:53,480 --> 00:12:56,640
Speaker 2: prices of insulin I think is an insult. I really do.

277
00:12:57,120 --> 00:12:59,760
Speaker 2: And so we're holding the companies accountable.

278
00:12:59,800 --> 00:13:01,000
Speaker 5: I think that's what we should do.

279
00:13:01,160 --> 00:13:04,400
Speaker 2: I think that's what frankly, people expect of their elected officials.

280
00:13:04,640 --> 00:13:06,920
Speaker 2: And so you know what we're doing it the time

281
00:13:07,040 --> 00:13:10,199
Speaker 2: is right. I can't really speak to the timing otherwise,

282
00:13:10,240 --> 00:13:12,400
Speaker 2: but I know that the timing is right here to

283
00:13:12,520 --> 00:13:15,360
Speaker 2: join this suit coming out of New Jersey, and so

284
00:13:15,440 --> 00:13:16,200
Speaker 2: that's what we're doing.

285
00:13:16,960 --> 00:13:18,480
Speaker 1: Do you believe there's a collusion going on or is

286
00:13:18,520 --> 00:13:19,400
Speaker 1: that is that a fact?

287
00:13:19,440 --> 00:13:22,920
Speaker 2: Has it been proven that that is what is being alleged.

288
00:13:24,120 --> 00:13:25,840
Speaker 1: Yeah, that's a tough one to prove that they're all

289
00:13:25,880 --> 00:13:27,880
Speaker 1: in on this together than saying, hey, it costs what

290
00:13:28,000 --> 00:13:29,760
Speaker 1: a cost? And the way the system is set up

291
00:13:29,800 --> 00:13:33,079
Speaker 1: that that those who regulate the system allowed this to occur.

292
00:13:33,840 --> 00:13:35,480
Speaker 1: I think it'd be more of an indictment of the

293
00:13:35,760 --> 00:13:39,480
Speaker 1: of the politics of those again above us in Washington

294
00:13:40,440 --> 00:13:42,360
Speaker 1: versus the companies themselves. They've they've got to find a

295
00:13:42,400 --> 00:13:44,160
Speaker 1: way to make money, and it's kind of like you know,

296
00:13:44,520 --> 00:13:47,760
Speaker 1: the cries over you know, billionaires paying too few tax

297
00:13:47,800 --> 00:13:50,920
Speaker 1: as well, Okay, then fix the system, close those loopholes

298
00:13:50,920 --> 00:13:53,240
Speaker 1: that you allege are there. That's why are you beating

299
00:13:53,240 --> 00:13:55,079
Speaker 1: down on the people who are smart enough to figure

300
00:13:55,080 --> 00:13:55,400
Speaker 1: that out.

301
00:13:56,440 --> 00:13:58,600
Speaker 2: I agree, But we just talked about the cost of

302
00:13:58,920 --> 00:14:01,920
Speaker 2: producing insulin going down, and yet the cost of buying

303
00:14:02,000 --> 00:14:03,920
Speaker 2: it is going up. So there's something going on here.

304
00:14:04,400 --> 00:14:07,200
Speaker 2: I think that doesn't make sense, and so I agree

305
00:14:07,240 --> 00:14:08,120
Speaker 2: with you that you know.

306
00:14:08,400 --> 00:14:09,600
Speaker 4: These are broader issues.

307
00:14:10,160 --> 00:14:11,800
Speaker 2: We can do what we can do here in Hamilton

308
00:14:11,840 --> 00:14:14,840
Speaker 2: County to protect the taxpayers here. That's my job and

309
00:14:14,880 --> 00:14:17,480
Speaker 2: that's what we're trying to do. And you know, it's

310
00:14:17,520 --> 00:14:19,520
Speaker 2: not as if others don't see what's happening. I mean,

311
00:14:19,560 --> 00:14:22,520
Speaker 2: five hundred and fifty other jurisdictions of files too. So

312
00:14:22,600 --> 00:14:25,680
Speaker 2: this is a big movement and certainly people are paying attention.

313
00:14:25,840 --> 00:14:27,960
Speaker 1: Yeah, it's on the heels of tobacco. It's on the

314
00:14:27,960 --> 00:14:31,840
Speaker 1: heels of the opiate issue as well, and this certainly

315
00:14:31,840 --> 00:14:33,960
Speaker 1: fits into that category. Is like, the next thing is

316
00:14:33,960 --> 00:14:36,520
Speaker 1: affordable drugs Insulin for crying outline. I mean, there's other

317
00:14:36,600 --> 00:14:39,320
Speaker 1: drugs out there. I think, like you know, the EpiPen thing.

318
00:14:39,360 --> 00:14:42,680
Speaker 1: Epinephrine is another in that effects far fewer people than

319
00:14:43,400 --> 00:14:46,760
Speaker 1: than insulin. But i'd imagine if this is successful, that

320
00:14:46,840 --> 00:14:49,440
Speaker 1: might be something that would be explored. It's a life

321
00:14:49,480 --> 00:14:52,160
Speaker 1: saving medication that you need. And you know, we heard

322
00:14:52,160 --> 00:14:53,960
Speaker 1: that for a long time. It's like, well they only

323
00:14:54,040 --> 00:14:55,840
Speaker 1: last I forgot what is ninety days or six months

324
00:14:55,920 --> 00:14:58,160
Speaker 1: or something like that, and we've got to throw them

325
00:14:58,160 --> 00:14:59,440
Speaker 1: out and get a new one and it's just simply

326
00:14:59,480 --> 00:15:01,560
Speaker 1: not affordable. We don't heard those crises as much anymore.

327
00:15:01,600 --> 00:15:03,800
Speaker 1: There are some I think there was some regulation that's

328
00:15:03,800 --> 00:15:05,440
Speaker 1: been done, but you know, there are plenty of drugs

329
00:15:05,440 --> 00:15:07,160
Speaker 1: out there that you could wind up going after as

330
00:15:07,200 --> 00:15:07,720
Speaker 1: a result of this.

331
00:15:09,200 --> 00:15:13,160
Speaker 2: Well, that's right, and epiethin's are extremely expensive. So I've

332
00:15:13,160 --> 00:15:15,720
Speaker 2: got some personal experience with one of my relatives, right,

333
00:15:15,840 --> 00:15:18,360
Speaker 2: So yeah, I mean, I agree with you. And let's

334
00:15:18,360 --> 00:15:21,360
Speaker 2: not forget though that the benefit and this is a

335
00:15:21,400 --> 00:15:25,040
Speaker 2: little different from the opioid settlement money, but those dollars

336
00:15:25,160 --> 00:15:29,040
Speaker 2: that we are investing now because we were successful and

337
00:15:29,080 --> 00:15:32,880
Speaker 2: that lawsuit, are going directly into Hamilton County to save

338
00:15:33,000 --> 00:15:35,760
Speaker 2: lives and get people into treatment. I mean so, and

339
00:15:35,800 --> 00:15:38,560
Speaker 2: then it's coming through the foundation at the state level,

340
00:15:38,600 --> 00:15:41,240
Speaker 2: but there are direct payments coming to Hamilton County and

341
00:15:41,280 --> 00:15:45,760
Speaker 2: other jurisdictions in Hamilton County to the benefit of our constituents.

342
00:15:45,800 --> 00:15:49,280
Speaker 2: So this is real. The benefits are real. This is

343
00:15:49,280 --> 00:15:51,440
Speaker 2: a little different because it's going to the general fund,

344
00:15:51,560 --> 00:15:54,280
Speaker 2: but those are taxpayer dollars and so you know, I

345
00:15:54,720 --> 00:15:57,520
Speaker 2: just don't want to understate that there's a real benefit

346
00:15:57,640 --> 00:16:01,160
Speaker 2: here if we win and there's no cast involved to

347
00:16:01,240 --> 00:16:04,320
Speaker 2: do it, so you know, again, to me, it's just

348
00:16:04,360 --> 00:16:08,880
Speaker 2: a win win situation. So yeah, but the benefits can

349
00:16:08,920 --> 00:16:10,360
Speaker 2: be real and seen on the ground.

350
00:16:10,720 --> 00:16:12,640
Speaker 1: Has this fir amount in New Jersey? Have the litigators

351
00:16:12,640 --> 00:16:15,160
Speaker 1: giving you a timeline? No?

352
00:16:15,240 --> 00:16:19,160
Speaker 2: I asked that question too, and you know how attorneys are.

353
00:16:19,600 --> 00:16:23,120
Speaker 2: They were, Oh, yeah, not sure, you know we're doing

354
00:16:23,240 --> 00:16:25,880
Speaker 2: like all right, all right, I get it. So yeah, no,

355
00:16:26,320 --> 00:16:28,280
Speaker 2: I'm you know, I'm not an attorney, and I'm not

356
00:16:28,360 --> 00:16:29,520
Speaker 2: I'm not disappointed by it.

357
00:16:30,000 --> 00:16:32,240
Speaker 1: Yeah right, well, I'm Suna. There's plenty attorneys out there,

358
00:16:32,360 --> 00:16:34,480
Speaker 1: some of our good friends of mine, and then there's

359
00:16:34,480 --> 00:16:37,320
Speaker 1: people like yeah, yeah, yeah, I get it, get it. Hey, Denise,

360
00:16:37,480 --> 00:16:39,560
Speaker 1: thanks for jumping on this morning. Answer the question certainly

361
00:16:39,560 --> 00:16:41,680
Speaker 1: an interesting perspective. We're going to talk about this a

362
00:16:41,680 --> 00:16:43,400
Speaker 1: little bit behind your back, if you don't mind, we'll

363
00:16:43,400 --> 00:16:45,560
Speaker 1: get some calls and from people affected by this, and

364
00:16:45,840 --> 00:16:47,600
Speaker 1: you have a wonderful day. Thanks again for jumping on.

365
00:16:47,880 --> 00:16:49,120
Speaker 2: Hey can I ask you something?

366
00:16:49,160 --> 00:16:49,560
Speaker 1: Yes, ma'am.

367
00:16:49,680 --> 00:16:52,080
Speaker 2: Yes, So, I don't know how much time we have,

368
00:16:52,200 --> 00:16:55,440
Speaker 2: but we did do a big dedication yesterday out at

369
00:16:55,440 --> 00:16:59,080
Speaker 2: in Bonds Hill for the big building, the Mercy Building

370
00:16:59,120 --> 00:16:59,320
Speaker 2: out there.

371
00:16:59,440 --> 00:17:02,720
Speaker 1: Yes, right right right, yeah, yeah, please go ahead, yeah yeah.

372
00:17:02,760 --> 00:17:05,760
Speaker 2: So two days we named the street going up to

373
00:17:05,840 --> 00:17:09,120
Speaker 2: the building, Pat McCollum Way. This is a named after

374
00:17:09,160 --> 00:17:11,439
Speaker 2: a woman that took in many, many kids in our

375
00:17:11,440 --> 00:17:16,840
Speaker 2: community both foster care adoptive care, and was tragically killed

376
00:17:17,200 --> 00:17:19,359
Speaker 2: not so long ago, and so we named the street

377
00:17:19,440 --> 00:17:22,880
Speaker 2: after her because of the nexus with jobs and family services,

378
00:17:22,920 --> 00:17:25,440
Speaker 2: so we wanted to honor her legacy through naming the street.

379
00:17:25,600 --> 00:17:29,280
Speaker 2: But the building itself was owned by Mercy. We now

380
00:17:29,359 --> 00:17:32,679
Speaker 2: have it. It's a consolidation of county services up in

381
00:17:32,720 --> 00:17:37,359
Speaker 2: one site, so lots of efficiencies here for jff d D,

382
00:17:37,720 --> 00:17:41,680
Speaker 2: public health, addiction response, environmental services, and veteran services are

383
00:17:41,680 --> 00:17:44,240
Speaker 2: going to be up there. So it's centrally located in

384
00:17:44,280 --> 00:17:47,560
Speaker 2: the county. And I just want to say there's free parking.

385
00:17:48,000 --> 00:17:51,400
Speaker 2: There's free parking at this facility. There are a thousand

386
00:17:51,480 --> 00:17:54,360
Speaker 2: spots out there, and so you don't I always hear

387
00:17:54,400 --> 00:17:56,359
Speaker 2: about the cost of parking, how terrible it is to

388
00:17:56,359 --> 00:17:59,480
Speaker 2: come downtown. That is no longer the case, and so

389
00:17:59,600 --> 00:18:03,080
Speaker 2: we're very excited about this. It's accessible to people that

390
00:18:03,240 --> 00:18:06,960
Speaker 2: need that kind of access, particularly veterans. So we're really

391
00:18:07,040 --> 00:18:10,000
Speaker 2: excited about the opening of the building and we dedicated

392
00:18:10,040 --> 00:18:10,720
Speaker 2: it yesterday.

393
00:18:10,800 --> 00:18:12,600
Speaker 1: You know, we were texting back and forth. I completely

394
00:18:12,640 --> 00:18:15,160
Speaker 1: forgot because I'm stupid to mention. I'm glad you brought

395
00:18:15,160 --> 00:18:16,960
Speaker 1: that up because I wanted to definitely get a plug

396
00:18:16,960 --> 00:18:18,760
Speaker 1: in for that six I think sixty million dollars is

397
00:18:18,800 --> 00:18:20,960
Speaker 1: the cost. Now you also have this is the other

398
00:18:20,960 --> 00:18:22,960
Speaker 1: hard part here is this huge levey on the ballot

399
00:18:22,960 --> 00:18:25,600
Speaker 1: for children's services. But love to revisit that maybe the

400
00:18:25,640 --> 00:18:27,560
Speaker 1: later date because those two things go together. You got

401
00:18:27,560 --> 00:18:28,760
Speaker 1: the building, but now you got a fund.

402
00:18:29,880 --> 00:18:32,120
Speaker 2: Well, the other thing is that we're getting out of

403
00:18:32,240 --> 00:18:35,280
Speaker 2: a bunch of different buildings because of all those departments.

404
00:18:35,320 --> 00:18:37,760
Speaker 2: We're in different buildings all over the city and so

405
00:18:37,960 --> 00:18:40,240
Speaker 2: as we just like the alms and depky Downtown is

406
00:18:40,280 --> 00:18:42,280
Speaker 2: a good example of it that is now going to

407
00:18:42,280 --> 00:18:45,320
Speaker 2: be converted into housing, as will a property up in

408
00:18:45,359 --> 00:18:48,560
Speaker 2: Walnut Hills, and so it's really great for the communities

409
00:18:48,560 --> 00:18:50,560
Speaker 2: because we're and you see this all over the country,

410
00:18:50,720 --> 00:18:54,400
Speaker 2: we're converting office space into residential and we need residential.

411
00:18:55,040 --> 00:18:57,200
Speaker 2: So it's just really a great move for the county

412
00:18:57,240 --> 00:18:58,240
Speaker 2: and it's going to save money.

413
00:18:58,280 --> 00:18:59,680
Speaker 1: All right, I'm sure we'll talk about that a later

414
00:18:59,760 --> 00:19:01,520
Speaker 1: date with the love come up and Denise all the best.

415
00:19:01,560 --> 00:19:04,320
Speaker 1: Thanks for jumping on. I appreciate you. Yeah, sure, all right,

416
00:19:04,320 --> 00:19:05,760
Speaker 1: got right, let me get a news update in. I

417
00:19:05,800 --> 00:19:07,879
Speaker 1: want to talk if you're on the insulin. I'm just

418
00:19:08,040 --> 00:19:10,600
Speaker 1: curious because I don't have anyone in my family that is.

419
00:19:11,440 --> 00:19:13,160
Speaker 1: And that's a blessing for sure, because I know how

420
00:19:13,160 --> 00:19:15,639
Speaker 1: hard that is being diabetic. But the impact of that,

421
00:19:15,720 --> 00:19:17,359
Speaker 1: I'm your wallet. And also if you think this is

422
00:19:17,359 --> 00:19:20,040
Speaker 1: a good idea ensuing the drug companies to get the

423
00:19:20,040 --> 00:19:21,879
Speaker 1: price of insulin down, we'll talk about that, dex. I'll

424
00:19:21,880 --> 00:19:25,119
Speaker 1: give you some reasons as to why you know this,

425
00:19:25,119 --> 00:19:28,159
Speaker 1: this whole scenario exists. I mentioned the government getting involved

426
00:19:28,160 --> 00:19:31,639
Speaker 1: in regulation that can easily fix on the men easily

427
00:19:31,640 --> 00:19:33,240
Speaker 1: but fixed by Congress. I want to touch on that

428
00:19:33,280 --> 00:19:34,960
Speaker 1: in just minutes and We'll get your phone calls in

429
00:19:34,960 --> 00:19:37,320
Speaker 1: at five one, three, seven four nine, seven thousand, iHeartMedia

430
00:19:37,320 --> 00:19:40,000
Speaker 1: and seven hundred w WIT Cincinnati's on Procter and Gamble.

431
00:19:40,200 --> 00:19:41,960
Speaker 1: If you've got someone there you would like for us

432
00:19:42,040 --> 00:19:45,480
Speaker 1: to recognize on the air, just text us their name

433
00:19:45,640 --> 00:19:48,600
Speaker 1: at five one eight eight one and be listening here

434
00:19:48,640 --> 00:19:58,160
Speaker 1: on seven hundred WWT. Here we go, Sloanly on seven

435
00:19:58,240 --> 00:20:01,399
Speaker 1: hundred WLW thanks to Commission Denise three House jumping on

436
00:20:01,400 --> 00:20:07,639
Speaker 1: the show this morning talking about this lawsuit involving Prescription

437
00:20:08,320 --> 00:20:11,160
Speaker 1: Benefit MATP Pharmacy Benefit Match, I should say, and three

438
00:20:11,240 --> 00:20:16,000
Speaker 1: drug manufacturers for allegedly fixing insulin and diabetes drug prices.

439
00:20:16,000 --> 00:20:18,600
Speaker 1: That there's collusion between the three is the alegation collusion?

440
00:20:18,600 --> 00:20:21,120
Speaker 1: We got collusion because insulin costs two dollars a vile

441
00:20:21,600 --> 00:20:23,520
Speaker 1: to make. That's a manufacturing cost. A mark up on

442
00:20:23,600 --> 00:20:27,639
Speaker 1: this thing costs the county thirteen million dollars for the

443
00:20:27,680 --> 00:20:30,600
Speaker 1: eighty eight hundred employees under its healthcare coverage, by far

444
00:20:30,680 --> 00:20:36,000
Speaker 1: the highest drug category cost and outline for them. And

445
00:20:36,080 --> 00:20:38,680
Speaker 1: so this on the heels of the FDC. The Federal

446
00:20:38,680 --> 00:20:42,040
Speaker 1: Trade Commission just settled with Express Scripts requiring business practice

447
00:20:42,160 --> 00:20:44,760
Speaker 1: changes and the like, and so they said this kind

448
00:20:44,760 --> 00:20:46,639
Speaker 1: of set the pattern. They settled. They see an opening.

449
00:20:46,840 --> 00:20:49,760
Speaker 1: They also look at the opioid crisis litigation against drug

450
00:20:49,840 --> 00:20:52,239
Speaker 1: distributors and say, there's money to be regained for at

451
00:20:52,320 --> 00:20:53,800
Speaker 1: least the people here in this case, not what they

452
00:20:53,880 --> 00:20:56,919
Speaker 1: do with the money, the commissioners, who knows, but to

453
00:20:56,960 --> 00:20:59,480
Speaker 1: try and cls some of that money back. It is

454
00:20:59,520 --> 00:21:02,399
Speaker 1: a much much deeper issue. However, like anything like this,

455
00:21:02,920 --> 00:21:05,760
Speaker 1: than just going well, there are a bunch of crooks. Look,

456
00:21:06,160 --> 00:21:09,760
Speaker 1: we all pay a lot for prescription medication. Okay. I

457
00:21:09,800 --> 00:21:12,800
Speaker 1: am not a big fan of pharmacy benefit managers, even

458
00:21:12,800 --> 00:21:15,440
Speaker 1: though we have one here at iHeart and I'm lucky

459
00:21:15,440 --> 00:21:18,600
Speaker 1: to have it. Also not a you know, a fan

460
00:21:18,800 --> 00:21:21,879
Speaker 1: of people who are out to, you know, try to

461
00:21:21,880 --> 00:21:25,000
Speaker 1: make as much money as possible where you know, in

462
00:21:25,000 --> 00:21:29,160
Speaker 1: a fact where you're you're it's almost confiscatory. Listen, I'm

463
00:21:29,200 --> 00:21:31,760
Speaker 1: fine with profit, but you here are three hundred percent profit.

464
00:21:32,920 --> 00:21:34,800
Speaker 1: I hear that, and I go, okay, yeah, who wants

465
00:21:34,840 --> 00:21:37,480
Speaker 1: you know, profiteering and exploitation. I get all that, but

466
00:21:39,359 --> 00:21:42,159
Speaker 1: is this something that's being litigated that should be solved

467
00:21:42,200 --> 00:21:45,760
Speaker 1: by legislative needs? So we're litigating instead of legislating. And

468
00:21:46,000 --> 00:21:49,040
Speaker 1: again back to my central gripe here about government that

469
00:21:49,080 --> 00:21:52,199
Speaker 1: we've lost sight of because we're so polarized and entrenched in,

470
00:21:52,760 --> 00:21:56,120
Speaker 1: you know, being ultra progressive and everything that you know,

471
00:21:56,200 --> 00:21:58,520
Speaker 1: the the party or everything that ultra progressive believe it.

472
00:21:58,520 --> 00:21:59,680
Speaker 1: I have to believe so even though I think maybe

473
00:21:59,680 --> 00:22:03,159
Speaker 1: deep inside it's wrong, and I would say in the

474
00:22:03,200 --> 00:22:05,800
Speaker 1: same is true for MAGA, which you'll hear about later on.

475
00:22:05,920 --> 00:22:09,360
Speaker 1: President Trump is proposing a ten percent cap on APR

476
00:22:09,480 --> 00:22:11,400
Speaker 1: credit card rates. We'll get into that eleven oh seven

477
00:22:11,440 --> 00:22:13,280
Speaker 1: on the show, and maybe a five time a little

478
00:22:13,280 --> 00:22:16,280
Speaker 1: bit more. Here is kind of the tease. But and

479
00:22:16,640 --> 00:22:18,160
Speaker 1: you gut to step back and think of that, going, well,

480
00:22:18,240 --> 00:22:21,719
Speaker 1: what is that sound? Well, our guy, our team's champion,

481
00:22:21,760 --> 00:22:25,320
Speaker 1: so it must be right. You know. Sometimes I think

482
00:22:25,359 --> 00:22:26,680
Speaker 1: the problems we've got to step back and think for

483
00:22:26,720 --> 00:22:29,480
Speaker 1: ourselves and go, yeah, isn't this going to cause more problem?

484
00:22:29,600 --> 00:22:32,400
Speaker 1: Or in this case with insulin, okay, is that really

485
00:22:32,440 --> 00:22:36,919
Speaker 1: driving it? Are they really mustache twirling, corporate, greedy Robert

486
00:22:37,359 --> 00:22:40,400
Speaker 1: drug Robert barons that are to fleece us of every

487
00:22:40,440 --> 00:22:42,800
Speaker 1: dime just to keep us alive? I mean, it feels

488
00:22:42,800 --> 00:22:44,320
Speaker 1: that way and it makes a good theater, but there's

489
00:22:44,359 --> 00:22:46,360
Speaker 1: that reality. You know what I mentioned with the denise

490
00:22:46,400 --> 00:22:51,119
Speaker 1: the patient evergreening thing, So what happens is insulin's barrown

491
00:22:51,119 --> 00:22:54,679
Speaker 1: for a long time, so original insulin patients, that patent

492
00:22:54,800 --> 00:22:57,880
Speaker 1: expired decades ago, and so you know, you can get

493
00:22:57,880 --> 00:23:01,400
Speaker 1: a generic human insulin and it's like twenty twenty five

494
00:23:01,440 --> 00:23:05,280
Speaker 1: bucks at like place like Walmart, for example. But what

495
00:23:05,320 --> 00:23:09,600
Speaker 1: they keep doing is tweaking the formulation in order to

496
00:23:09,880 --> 00:23:12,399
Speaker 1: restart the patent. So if you make a little change

497
00:23:12,440 --> 00:23:16,000
Speaker 1: to it, it restarts the patent, and now you're on

498
00:23:16,040 --> 00:23:17,920
Speaker 1: the clock again. Now they say it's new and improved,

499
00:23:17,960 --> 00:23:21,680
Speaker 1: and I know that Lily has improved their product multiple

500
00:23:21,680 --> 00:23:24,920
Speaker 1: times since the nineties, and each tweak extends that patent protection.

501
00:23:25,520 --> 00:23:28,720
Speaker 1: But the drugs themselves are just marginally better than the

502
00:23:28,760 --> 00:23:32,000
Speaker 1: previous version, you know, things like are faster acting, or

503
00:23:32,000 --> 00:23:34,119
Speaker 1: they stabilize your blood sugar more or something like that.

504
00:23:34,160 --> 00:23:36,520
Speaker 1: So you're locked in that version. It's legal, but it

505
00:23:36,560 --> 00:23:41,720
Speaker 1: feels exploitative. The pharmacy benefit scheme through the middleman problem, right,

506
00:23:41,720 --> 00:23:43,439
Speaker 1: and this is where it gets really crazy, is the

507
00:23:43,440 --> 00:23:46,960
Speaker 1: pharmacy benefit managers. These are your care marks, your express

508
00:23:46,960 --> 00:23:51,760
Speaker 1: scripture optims. They are between manufacturers, insurance, and pharmacy. So

509
00:23:51,760 --> 00:23:55,760
Speaker 1: they negotiate these rebates that manufacturers set at a hireless price,

510
00:23:55,760 --> 00:23:58,239
Speaker 1: and that gives the PBM kind of a kickback if

511
00:23:58,240 --> 00:24:00,919
Speaker 1: you'l So, for example, if the price and insulance, like

512
00:24:00,960 --> 00:24:03,880
Speaker 1: I don't know, the tag on it, like a car,

513
00:24:03,960 --> 00:24:07,280
Speaker 1: is three hundred dollars, the pharmacy benefit manager quote unquote

514
00:24:07,280 --> 00:24:09,320
Speaker 1: negotiates one hundred and fifty dollars rebates, so it's one

515
00:24:09,400 --> 00:24:12,280
Speaker 1: hundred and fifty dollars net cost. The problem is the

516
00:24:12,320 --> 00:24:15,159
Speaker 1: benefit manager's pocket summer most of that rebate instead of

517
00:24:15,160 --> 00:24:19,280
Speaker 1: passing the savings onto patients or insurers. Now, you know,

518
00:24:19,320 --> 00:24:22,479
Speaker 1: all for making a profit, but what are we doing here.

519
00:24:22,480 --> 00:24:26,280
Speaker 1: You're artificial and fronting the cost here. So the manufacturers

520
00:24:26,280 --> 00:24:30,160
Speaker 1: have to participate because hireless prices mean higher rebates, and

521
00:24:30,200 --> 00:24:32,840
Speaker 1: you could see this whole race to the top, and

522
00:24:32,960 --> 00:24:35,080
Speaker 1: it's kind of like a perverse incentive here for drugs

523
00:24:35,119 --> 00:24:38,120
Speaker 1: that keep you alive right now, And this is another

524
00:24:38,320 --> 00:24:41,720
Speaker 1: problem that the government can solve, because government largely is

525
00:24:41,720 --> 00:24:44,080
Speaker 1: the problem here. There are three companies that are being

526
00:24:44,119 --> 00:24:46,360
Speaker 1: sued those are the three companies controlled like ninety six

527
00:24:46,440 --> 00:24:49,160
Speaker 1: ninety seven percent of the insulin market across the globe

528
00:24:49,160 --> 00:24:52,040
Speaker 1: by the way around the world. Question to be okay

529
00:24:52,040 --> 00:24:53,440
Speaker 1: with there's so much money in this, why is there

530
00:24:53,440 --> 00:24:57,080
Speaker 1: more competition? There's lots kind of be because there are

531
00:24:57,160 --> 00:25:01,560
Speaker 1: higher regulatory barriers, the clinical trials expensive because the testing

532
00:25:01,600 --> 00:25:07,320
Speaker 1: process is very, very thorough and very expensive, and that's

533
00:25:07,560 --> 00:25:09,879
Speaker 1: also driving this whole thing up as well. So in

534
00:25:09,960 --> 00:25:13,640
Speaker 1: my book, and insurance certainly covers Insulnza, patients still see

535
00:25:13,640 --> 00:25:16,240
Speaker 1: the true cost until they hit their deductibles, and there's

536
00:25:16,280 --> 00:25:20,119
Speaker 1: no normal market pressure, so all of these artificial layers

537
00:25:20,119 --> 00:25:22,320
Speaker 1: in the market are what's causing the prices to be

538
00:25:22,480 --> 00:25:25,800
Speaker 1: absolutely outrageous in people who are going without their medication

539
00:25:25,880 --> 00:25:29,359
Speaker 1: to save their lives. It's also a huge regulatory failure.

540
00:25:29,400 --> 00:25:32,760
Speaker 1: I mentioned the opioid crisis. No one mentions it's driven

541
00:25:32,800 --> 00:25:35,560
Speaker 1: was driven entirely by the FDA. It's like, why did

542
00:25:35,640 --> 00:25:37,800
Speaker 1: so many physicians start writing it? Is it because of

543
00:25:37,840 --> 00:25:40,880
Speaker 1: the evil people that are creating the drug? And they're

544
00:25:40,880 --> 00:25:43,520
Speaker 1: looking the other way somewhat because you know, there's greed

545
00:25:43,560 --> 00:25:45,879
Speaker 1: there and government is supposed to check that, not encourage it.

546
00:25:46,200 --> 00:25:48,280
Speaker 1: What happened though, was the government said, oh, yeah, you

547
00:25:48,320 --> 00:25:51,960
Speaker 1: know what, pain is a fifth vital sign, let's just okay. Well,

548
00:25:51,960 --> 00:25:53,920
Speaker 1: then if that's the case and we can't allow people

549
00:25:53,960 --> 00:25:55,680
Speaker 1: to be in pain, what the hell do you think

550
00:25:55,720 --> 00:26:00,119
Speaker 1: doctors are going to do if it's being kind of

551
00:26:00,359 --> 00:26:02,880
Speaker 1: up to some degree by the manufacturer, like the addictive

552
00:26:02,960 --> 00:26:05,240
Speaker 1: nature of it, and the government's going, yeah, let's go

553
00:26:05,280 --> 00:26:08,080
Speaker 1: all in. Isn't the FDA's job to make sure this

554
00:26:08,119 --> 00:26:10,159
Speaker 1: stuff is safe before we put in our bodies. And

555
00:26:10,240 --> 00:26:11,959
Speaker 1: it happens all the time, you know, the drug comes

556
00:26:12,000 --> 00:26:14,480
Speaker 1: out and oh, everybody take it, and then wait a minute,

557
00:26:14,480 --> 00:26:18,320
Speaker 1: I'm growing a third nipple on my forehead. Well then

558
00:26:18,359 --> 00:26:20,240
Speaker 1: they turn around and go The FDA goes, we're going

559
00:26:20,280 --> 00:26:24,520
Speaker 1: after the manufacturer. We're stopping them from gouging consumers and

560
00:26:24,600 --> 00:26:27,800
Speaker 1: creating third nipples. You guys are supposed to be the

561
00:26:27,800 --> 00:26:30,439
Speaker 1: police here. You're supposed to be responsible making sure that

562
00:26:30,480 --> 00:26:34,960
Speaker 1: didn't happen. Where's your liability in this, not us or

563
00:26:35,000 --> 00:26:39,639
Speaker 1: the government. We're here to help. So the regulatory failure,

564
00:26:39,680 --> 00:26:43,160
Speaker 1: in my opinion, the FDA approval, it's expensive, it's slow,

565
00:26:43,160 --> 00:26:46,440
Speaker 1: there's no price controls, that starts driving this whole thing.

566
00:26:46,560 --> 00:26:48,560
Speaker 1: So it's yeah, I get it, there's greed involved. We

567
00:26:48,600 --> 00:26:50,960
Speaker 1: know that business people are greedy, they want more market share.

568
00:26:51,000 --> 00:26:53,760
Speaker 1: I understand that we know that that is a foregone conclusion.

569
00:26:53,760 --> 00:26:56,720
Speaker 1: But how about it demanding our government be more referee

570
00:26:58,119 --> 00:27:00,879
Speaker 1: and less encouraging that kind of behavior. A lot of

571
00:27:00,880 --> 00:27:03,120
Speaker 1: the stuff could be cleaned up if Congress actually showed

572
00:27:03,200 --> 00:27:05,600
Speaker 1: up and did their job. I know that's that's unique,

573
00:27:05,600 --> 00:27:07,480
Speaker 1: considering they shut down for a little bit on Monday

574
00:27:07,520 --> 00:27:12,240
Speaker 1: Tuesday over whatever it is this week. Maybe you see

575
00:27:12,240 --> 00:27:14,320
Speaker 1: these people are running for Congress. Maybe i'd just say,

576
00:27:14,320 --> 00:27:16,280
Speaker 1: you know, what, are you gonna keep the government open?

577
00:27:16,320 --> 00:27:18,679
Speaker 1: Are you actually gonna do something besides campaign? Because that's

578
00:27:18,680 --> 00:27:21,000
Speaker 1: all I see. I see ads all the time. I'm

579
00:27:21,000 --> 00:27:23,399
Speaker 1: getting my phone blown up all the John Housteed's texting

580
00:27:23,440 --> 00:27:25,720
Speaker 1: me twenty four to seven about voting. Okay, great, but

581
00:27:25,760 --> 00:27:29,240
Speaker 1: what for what what are you guys doing? Are you

582
00:27:29,240 --> 00:27:32,159
Speaker 1: actually getting your asses and like doing anything legislatively or

583
00:27:32,200 --> 00:27:35,000
Speaker 1: just letting Trump signed executive orders and you're sitting back

584
00:27:35,000 --> 00:27:39,080
Speaker 1: at in the check five three, seven, four, nine, seven,

585
00:27:39,400 --> 00:27:42,080
Speaker 1: eight hundred the Big One talk back iHeartRadio app So

586
00:27:42,240 --> 00:27:44,120
Speaker 1: maybe you're on insulin. A loved one is how how

587
00:27:44,160 --> 00:27:46,440
Speaker 1: hard is it? So I said, I don't have experience

588
00:27:46,440 --> 00:27:48,760
Speaker 1: in this myself. I'm blessed. Families blessed. We don't have

589
00:27:48,800 --> 00:27:52,560
Speaker 1: people with the sugar. Have some few online friends it

590
00:27:52,640 --> 00:27:54,520
Speaker 1: might have that issue, but we don't really talk about

591
00:27:54,520 --> 00:27:57,600
Speaker 1: insulin prices. And like, I'm curious how this is impacting

592
00:27:57,600 --> 00:27:59,280
Speaker 1: you and your take on this whole lawsuit. Let's go

593
00:27:59,320 --> 00:28:00,960
Speaker 1: to Rick and Clean. You searched up this morning on

594
00:28:00,960 --> 00:28:02,680
Speaker 1: the Scot Salon show. Rick welcome, How are you brother?

595
00:28:05,480 --> 00:28:06,320
Speaker 1: Big Ricky with me?

596
00:28:07,200 --> 00:28:07,320
Speaker 5: Rick?

597
00:28:07,359 --> 00:28:07,560
Speaker 4: Quick?

598
00:28:07,600 --> 00:28:07,800
Speaker 1: Quick?

599
00:28:08,040 --> 00:28:08,200
Speaker 2: Hey?

600
00:28:08,280 --> 00:28:08,440
Speaker 6: Rick?

601
00:28:08,480 --> 00:28:09,120
Speaker 1: What's going on?

602
00:28:12,200 --> 00:28:14,560
Speaker 3: Not much? But I'm not from Cleaves?

603
00:28:14,760 --> 00:28:17,200
Speaker 1: Okay, duly noted. I'll put that on the record. Dave

604
00:28:17,200 --> 00:28:20,000
Speaker 1: put that on the official record. Rick is not from Cleaves.

605
00:28:20,040 --> 00:28:21,400
Speaker 1: But are you on insulin?

606
00:28:22,440 --> 00:28:22,680
Speaker 3: Yes?

607
00:28:22,720 --> 00:28:25,080
Speaker 1: Sir, all right, so we're one for two. That'll get

608
00:28:25,080 --> 00:28:27,760
Speaker 1: you in the Hall of Fame. What's your how how

609
00:28:27,840 --> 00:28:30,119
Speaker 1: much is it costume? Is it the point where you

610
00:28:30,119 --> 00:28:30,760
Speaker 1: can't afford it?

611
00:28:31,960 --> 00:28:35,360
Speaker 3: H No, I'm actually pretty lucky. I got a good

612
00:28:35,400 --> 00:28:41,560
Speaker 3: retirement ood, but it cost me thirty five dollars a

613
00:28:41,720 --> 00:28:47,760
Speaker 3: month and that went down about three or four years ago.

614
00:28:47,960 --> 00:28:56,040
Speaker 3: Gotcha under Biden. Now, last year, my needles that I

615
00:28:56,160 --> 00:28:58,920
Speaker 3: need to use to get the insulin out of the

616
00:28:59,040 --> 00:29:06,200
Speaker 3: pens rocketed. They went from being free for twenty years.

617
00:29:06,640 --> 00:29:09,640
Speaker 3: As soon as I'd order insulin, I'd get the box

618
00:29:09,680 --> 00:29:14,400
Speaker 3: of pens, right, and I went last year and they

619
00:29:14,840 --> 00:29:19,280
Speaker 3: for one hundred pitner needles. I'm sorry for under needles.

620
00:29:19,320 --> 00:29:23,360
Speaker 3: It was costing me, are gonna cost me eighty dollars

621
00:29:23,440 --> 00:29:27,840
Speaker 3: until I complained, and then they quickly brought it down.

622
00:29:28,280 --> 00:29:29,320
Speaker 1: No h.

623
00:29:31,760 --> 00:29:37,600
Speaker 3: Card like h R X card. They just brought it

624
00:29:37,640 --> 00:29:39,160
Speaker 3: down to like seven dollars.

625
00:29:39,200 --> 00:29:44,680
Speaker 1: And now and now it's almost like it's almost like damn,

626
00:29:44,720 --> 00:29:46,560
Speaker 1: you know, damn close to one thousand dollars just for

627
00:29:46,600 --> 00:29:47,800
Speaker 1: the just for the syringes.

628
00:29:49,400 --> 00:29:50,360
Speaker 3: Yeah, exactly.

629
00:29:51,280 --> 00:29:53,480
Speaker 1: It's it's more expense like the it's like the printer

630
00:29:53,560 --> 00:29:54,640
Speaker 1: and turner cartridge scheme.

631
00:29:55,960 --> 00:29:59,360
Speaker 3: Yeah, that that has since come down. I just I

632
00:29:59,520 --> 00:30:03,640
Speaker 3: just got needles probably a month ago, and they're like

633
00:30:03,760 --> 00:30:08,640
Speaker 3: ten bucks. But like I say, uh, I used to

634
00:30:08,640 --> 00:30:11,280
Speaker 3: get them for free as soon as I order the insulent,

635
00:30:11,360 --> 00:30:15,520
Speaker 3: that needles would come with it. Yeah, I had no charge.

636
00:30:15,680 --> 00:30:21,400
Speaker 3: And also on my oral uh By beds medicine, and

637
00:30:21,840 --> 00:30:25,320
Speaker 3: it actually went up too, so the insulin came down

638
00:30:25,760 --> 00:30:26,840
Speaker 3: and everything else.

639
00:30:28,480 --> 00:30:30,960
Speaker 1: But those companies that did do these syringes for they're

640
00:30:30,960 --> 00:30:32,760
Speaker 1: not the same ones that may make the drugs, so

641
00:30:32,880 --> 00:30:34,440
Speaker 1: as I can never really go, well, they're just you know,

642
00:30:34,440 --> 00:30:36,800
Speaker 1: they're switching profit one profit for the other. They're taking

643
00:30:36,840 --> 00:30:38,280
Speaker 1: a hit here on the insulin, but we'll charge you

644
00:30:38,360 --> 00:30:40,920
Speaker 1: more for the syringes, but it's a different company makes host.

645
00:30:41,960 --> 00:30:42,680
Speaker 3: That is true.

646
00:30:43,680 --> 00:30:46,280
Speaker 1: I wonder if that's the pharmacy benefit people though, figuring, hey,

647
00:30:46,320 --> 00:30:47,880
Speaker 1: we got to make our money up. We'll just gouge

648
00:30:47,960 --> 00:30:49,880
Speaker 1: on the on the on the uh, you know, on

649
00:30:49,920 --> 00:30:52,320
Speaker 1: the supplies to administer the drugs. It could very well

650
00:30:52,320 --> 00:30:53,920
Speaker 1: be rick thanks to the call. That's I mean, that's

651
00:30:53,960 --> 00:30:55,760
Speaker 1: something to think about. Okay, we'll cut this up. But

652
00:30:56,520 --> 00:30:58,080
Speaker 1: you know, it's like if they said, hey, you're only

653
00:30:58,080 --> 00:31:00,720
Speaker 1: allowed to sell a gun for I don't know, I

654
00:31:00,720 --> 00:31:02,920
Speaker 1: don't know why they would do this, but yeah, five

655
00:31:03,000 --> 00:31:05,680
Speaker 1: hundred dollars, okay, one hundred dollars okay, great, Well, now

656
00:31:05,680 --> 00:31:09,280
Speaker 1: the bullet's gonna cost ten times there because we got

657
00:31:09,320 --> 00:31:11,760
Speaker 1: to make up the difference. I guess if if guns

658
00:31:11,760 --> 00:31:13,520
Speaker 1: were indeed covered by your health insurance, I'm not quite

659
00:31:13,520 --> 00:31:14,880
Speaker 1: sure if there are any plans out there that got

660
00:31:14,880 --> 00:31:16,560
Speaker 1: that one. I have to look that one up. I

661
00:31:16,640 --> 00:31:19,720
Speaker 1: mean guess probably not, probably not bad bad analogy, but

662
00:31:20,120 --> 00:31:23,640
Speaker 1: you get the idea. You get the idea where we're going. Yeah,

663
00:31:23,720 --> 00:31:27,880
Speaker 1: I mentioned him complaining about, you know, complaining about the

664
00:31:27,920 --> 00:31:29,880
Speaker 1: government not doing their job. And of course today the

665
00:31:29,920 --> 00:31:33,080
Speaker 1: Senate has a test vote. I don't know any to

666
00:31:33,200 --> 00:31:35,680
Speaker 1: test vote on the partial shutdown. Maybe it's a test

667
00:31:35,760 --> 00:31:37,760
Speaker 1: boat to go. You know, we've been in competent for

668
00:31:37,840 --> 00:31:39,680
Speaker 1: so long we forgot how to do this. Well, you

669
00:31:41,920 --> 00:31:45,280
Speaker 1: had all the ads vote for me. Well wait, the

670
00:31:45,400 --> 00:31:47,240
Speaker 1: last guys said vote for me or re eluct me.

671
00:31:47,280 --> 00:31:50,560
Speaker 1: Why you haven't done anything? You guys are off half

672
00:31:50,600 --> 00:31:52,200
Speaker 1: the year and then when you're supposed to be there,

673
00:31:52,200 --> 00:31:55,600
Speaker 1: you're shutting the government down over different causes. On the

674
00:31:55,680 --> 00:31:58,320
Speaker 1: left hand the right side, what are you guys, what

675
00:31:58,320 --> 00:32:00,680
Speaker 1: are we hiring you to do? Exactly? Maybe we got

676
00:32:00,680 --> 00:32:05,680
Speaker 1: to start examining that on a lawsuit. Maybe we Denise

677
00:32:05,760 --> 00:32:08,120
Speaker 1: get together on that one. It's five three, seven, four, nine,

678
00:32:08,160 --> 00:32:10,720
Speaker 1: seven thousand, the big one talk back iHeartRadio app And

679
00:32:10,720 --> 00:32:12,880
Speaker 1: that is the problem, of course, is uh, you know,

680
00:32:12,960 --> 00:32:15,719
Speaker 1: drug prices are just they're insane for everybody in healthcare

681
00:32:15,720 --> 00:32:18,120
Speaker 1: and that Johnny, I know I talk often about that,

682
00:32:18,160 --> 00:32:20,760
Speaker 1: but that is such a core critical issue in my

683
00:32:20,800 --> 00:32:23,960
Speaker 1: opinion because it affects everybody. Like previous caller Rick there

684
00:32:24,040 --> 00:32:27,920
Speaker 1: for not from Cleaves was you know, he's retired, I'm working,

685
00:32:27,960 --> 00:32:31,040
Speaker 1: I got healthcare. Maybe you are on Obamacare or maybe

686
00:32:31,040 --> 00:32:34,320
Speaker 1: you don't have insurance right now. You know, if you

687
00:32:34,400 --> 00:32:37,400
Speaker 1: are someone who is part of this gig economy, and

688
00:32:37,440 --> 00:32:40,560
Speaker 1: it just blows me away just how steadfast around the

689
00:32:40,560 --> 00:32:42,320
Speaker 1: way we've always done things and how slow things are

690
00:32:42,360 --> 00:32:46,760
Speaker 1: to change, despite younger people coming into power seemingly more

691
00:32:46,760 --> 00:32:49,719
Speaker 1: and more every year, how much stays the same in

692
00:32:49,760 --> 00:32:52,520
Speaker 1: that regard is that, you know, we have this untapped

693
00:32:52,520 --> 00:32:55,080
Speaker 1: potential in America when it comes to healthcare. And you've

694
00:32:55,080 --> 00:32:57,040
Speaker 1: heard me drawn on and on about this, but a

695
00:32:57,120 --> 00:33:00,720
Speaker 1: great example is the gig economy. You know, so many

696
00:33:00,760 --> 00:33:02,840
Speaker 1: people are working side hustles and the side hustle became

697
00:33:02,920 --> 00:33:05,320
Speaker 1: main hustles and the side hustles have side hustles, and

698
00:33:05,360 --> 00:33:08,600
Speaker 1: it's it's it's kind of frightening in a way, how

699
00:33:08,680 --> 00:33:11,320
Speaker 1: quickly it's all changed from Hey, I have an employer.

700
00:33:11,400 --> 00:33:13,520
Speaker 1: I got my healthcare too, all right. I can go

701
00:33:13,560 --> 00:33:15,640
Speaker 1: out and door dash, or I can go out and

702
00:33:16,400 --> 00:33:18,040
Speaker 1: whatever it is I'm doing on the side to make

703
00:33:18,040 --> 00:33:20,800
Speaker 1: a little extra cash because I need it. Or how

704
00:33:20,840 --> 00:33:23,720
Speaker 1: many people cobble together a bunch of those kind of

705
00:33:23,760 --> 00:33:26,520
Speaker 1: things because they have severe ADHD like me and go, hey,

706
00:33:26,520 --> 00:33:27,800
Speaker 1: you know what, I'm just not married to one job.

707
00:33:27,800 --> 00:33:30,040
Speaker 1: I got do a bunch of different things. It'd be

708
00:33:30,080 --> 00:33:31,479
Speaker 1: great if you could take your health care with you.

709
00:33:31,520 --> 00:33:33,360
Speaker 1: It'd be great if you didn't have to rely on

710
00:33:33,360 --> 00:33:37,560
Speaker 1: an employer for that, or you know, a bloated government

711
00:33:37,640 --> 00:33:40,840
Speaker 1: where I have to have subsidies because it's not affordable.

712
00:33:40,840 --> 00:33:44,200
Speaker 1: The affordable character is anything, but it's extremely expensive. It's

713
00:33:44,240 --> 00:33:46,800
Speaker 1: just like you're getting a subsidy. You're getting a coupon

714
00:33:46,880 --> 00:33:50,320
Speaker 1: paid five paid before by the American taxpayer to get

715
00:33:50,360 --> 00:33:54,560
Speaker 1: that healthcare doesn't really address the issue. You know, we

716
00:33:54,600 --> 00:33:56,520
Speaker 1: gave you the medicine, but we have the cure and

717
00:33:56,560 --> 00:34:00,400
Speaker 1: we refuse to use the cure. That's really what's driving

718
00:34:00,440 --> 00:34:02,400
Speaker 1: this whole thing. We're going to time out in coming

719
00:34:02,480 --> 00:34:05,880
Speaker 1: up next on the show on seven hundred WLW and

720
00:34:05,960 --> 00:34:08,759
Speaker 1: interesting A lighter case here by the way out of

721
00:34:08,800 --> 00:34:13,880
Speaker 1: a Newark, Ohio. And it involves a man who, speaking

722
00:34:13,960 --> 00:34:17,799
Speaker 1: of government intervention, simply wants to enjoy his life and

723
00:34:18,160 --> 00:34:21,200
Speaker 1: make his own bourbon. You know there's a law against

724
00:34:21,200 --> 00:34:24,120
Speaker 1: that that he might go to federal prison. I really

725
00:34:24,160 --> 00:34:26,320
Speaker 1: visit the story a few times. I like just keeping

726
00:34:26,360 --> 00:34:28,239
Speaker 1: on top of these to revisit these stories like this,

727
00:34:28,320 --> 00:34:29,759
Speaker 1: and I will in just a second of Bob Alt

728
00:34:29,800 --> 00:34:33,239
Speaker 1: from Buckeye Institute in Columbus. But you know, it's on

729
00:34:33,280 --> 00:34:36,080
Speaker 1: the heels of the whole CBD beverage band, Like why

730
00:34:36,080 --> 00:34:37,680
Speaker 1: are we doing that? So many people enjoy it, they

731
00:34:37,800 --> 00:34:40,040
Speaker 1: like it. It seems to be a better alternative to

732
00:34:40,080 --> 00:34:42,000
Speaker 1: alcohol for a lot of people. It's the fastest growing

733
00:34:42,000 --> 00:34:44,880
Speaker 1: segment as far as beverages go, and craft beer is

734
00:34:44,880 --> 00:34:48,640
Speaker 1: fading and THHG and fuse beverages are exploding. And yet

735
00:34:48,640 --> 00:34:51,399
Speaker 1: the federal government and the state government don't want any

736
00:34:51,400 --> 00:34:53,719
Speaker 1: part of it because well, it's a vice and we

737
00:34:53,760 --> 00:34:59,400
Speaker 1: can't have that. And no, Ohio, that's problematic. But the

738
00:34:59,440 --> 00:35:02,000
Speaker 1: idea that like, Okay, I can make my own beer.

739
00:35:02,000 --> 00:35:04,279
Speaker 1: I could make my own my grandfather, you grandpa used

740
00:35:04,280 --> 00:35:08,600
Speaker 1: to make dandelion wine. Uh, And as I recall it

741
00:35:08,640 --> 00:35:10,279
Speaker 1: was awful and I didn't live because I was a

742
00:35:10,320 --> 00:35:12,799
Speaker 1: little kid then, but I remember my dad going, it's

743
00:35:12,840 --> 00:35:16,040
Speaker 1: just as awful. It's an acquired taste from the home country,

744
00:35:16,040 --> 00:35:19,279
Speaker 1: from Italy, the Paizon making his dandelion wine or whatever

745
00:35:19,280 --> 00:35:22,040
Speaker 1: it was. You can do that. You can't make your

746
00:35:22,080 --> 00:35:27,440
Speaker 1: on Burt, Why why not? It gets back to you

747
00:35:27,440 --> 00:35:29,120
Speaker 1: don't big government doing what they do, and that has

748
00:35:29,200 --> 00:35:31,080
Speaker 1: overshadow everything we do. If you just opened it up,

749
00:35:31,160 --> 00:35:33,479
Speaker 1: let it roll, I think we'd be much better off. Really,

750
00:35:33,520 --> 00:35:35,160
Speaker 1: that is a central theme here on The Scots Loan

751
00:35:35,200 --> 00:35:36,760
Speaker 1: Show and the Home of the Red seven hundred WW.

752
00:35:36,920 --> 00:35:38,839
Speaker 7: Since then you want to be Americ?

753
00:35:40,520 --> 00:35:43,919
Speaker 1: Good morning, Scott Floon Show on seven hundred wallswts question,

754
00:35:44,040 --> 00:35:47,600
Speaker 1: will you be willing to go to prison for your hobby?

755
00:35:47,719 --> 00:35:50,560
Speaker 1: Guy's name is James Reem, and mister Reem lives in Newark, Ohio,

756
00:35:51,200 --> 00:35:53,160
Speaker 1: dress up the road from us and he wants to

757
00:35:53,280 --> 00:35:56,800
Speaker 1: distill small qualities of alcohol. He likes bourbon, he likes rye,

758
00:35:57,040 --> 00:36:02,479
Speaker 1: he likes whiskey, and uh yes, fascination with brewing. Owns

759
00:36:02,480 --> 00:36:04,279
Speaker 1: a Burrow Mini Broad micro burw as a matter of fact,

760
00:36:04,280 --> 00:36:06,600
Speaker 1: and I wants to make some alcohol own home for

761
00:36:06,719 --> 00:36:10,040
Speaker 1: his personal consumption. If he decides he's going to do that,

762
00:36:10,520 --> 00:36:15,680
Speaker 1: he is subject to felony conviction ten thousand dollars in fines.

763
00:36:16,120 --> 00:36:19,560
Speaker 1: We're talking about five years in prison, longer than a

764
00:36:19,800 --> 00:36:22,879
Speaker 1: murderer might get simply because he is making his own

765
00:36:22,960 --> 00:36:25,600
Speaker 1: distilling his own alcohol in his own home for his

766
00:36:25,640 --> 00:36:27,840
Speaker 1: own use, not giving it away, certainly, not selling it,

767
00:36:27,840 --> 00:36:31,600
Speaker 1: but of his own use. That is a crime in America,

768
00:36:32,680 --> 00:36:35,240
Speaker 1: and I think that is a crime overall. Robert Alt

769
00:36:35,520 --> 00:36:38,759
Speaker 1: is President and chief executive officer of the Buckeye Institute

770
00:36:38,760 --> 00:36:41,920
Speaker 1: in Columbus. Let's talk about John Reems case here. He

771
00:36:41,920 --> 00:36:46,839
Speaker 1: lives in Newark, Ohio, retired engineer, I think, and he

772
00:36:46,880 --> 00:36:48,960
Speaker 1: owns a micro brewer. And his wife said, hey, you

773
00:36:49,000 --> 00:36:51,319
Speaker 1: know what, here, here you go. Here's a home brewing kid.

774
00:36:51,320 --> 00:36:53,399
Speaker 1: He does that making money. It's great. It's called trek brewing,

775
00:36:53,440 --> 00:36:56,080
Speaker 1: by the way, and now wants to get into home distilling.

776
00:36:56,320 --> 00:36:57,440
Speaker 1: Why is that illegal?

777
00:36:58,920 --> 00:37:01,000
Speaker 4: That's a darn good question. And the answer is, there's

778
00:37:01,040 --> 00:37:03,160
Speaker 4: a there is a law on the book. This is

779
00:37:03,200 --> 00:37:06,640
Speaker 4: a federal law. This isn't the state law which prohibits

780
00:37:06,640 --> 00:37:11,040
Speaker 4: you from distilling any alcohol. For for consumption in your

781
00:37:11,080 --> 00:37:13,640
Speaker 4: own home, even if you don't sell it, even if

782
00:37:13,640 --> 00:37:16,560
Speaker 4: you're just doing it as a hobby. So you can.

783
00:37:16,600 --> 00:37:18,040
Speaker 1: You can make beer in your own home.

784
00:37:18,080 --> 00:37:20,960
Speaker 4: That's perfectly legal. You commit find in your own home.

785
00:37:21,360 --> 00:37:23,359
Speaker 4: I don't necessarily advise it. I don't know if I've

786
00:37:23,360 --> 00:37:25,719
Speaker 4: ever had good homemade one, but you can do it.

787
00:37:26,000 --> 00:37:28,720
Speaker 4: But if you make any amount of whiskey, it's a felony.

788
00:37:28,760 --> 00:37:32,000
Speaker 4: And not only you listed off these penalties on the

789
00:37:32,040 --> 00:37:35,960
Speaker 4: website for the enforcement agency, they they make clear not

790
00:37:36,000 --> 00:37:38,200
Speaker 4: only can you get fined, not only can you get

791
00:37:38,239 --> 00:37:41,759
Speaker 4: imprisonment imprisonment, but they'll go after your house. They'll go

792
00:37:41,840 --> 00:37:44,400
Speaker 4: after wherever it is that you were engaging in this

793
00:37:44,600 --> 00:37:48,239
Speaker 4: unlawful conduct and potentially try and seize that as well.

794
00:37:48,560 --> 00:37:53,240
Speaker 4: The penalties here are absolutely draconian. But the real issue

795
00:37:53,280 --> 00:37:56,160
Speaker 4: here is how is it that the federal government has

796
00:37:56,200 --> 00:37:59,600
Speaker 4: the authority to go ahead and regulate what you do

797
00:37:59,719 --> 00:38:02,040
Speaker 4: in your your own home as a hobby. If they

798
00:38:02,040 --> 00:38:05,480
Speaker 4: can regulate this, there's literally nothing that the federal government

799
00:38:05,600 --> 00:38:06,360
Speaker 4: can't regulate.

800
00:38:06,800 --> 00:38:08,920
Speaker 1: It's a victim of crime. Now, if you sell it

801
00:38:08,960 --> 00:38:11,400
Speaker 1: distributed to get maybe there's something there. But if you

802
00:38:11,600 --> 00:38:15,520
Speaker 1: make something, whether it's alcohol, whether it's bread, whether it's

803
00:38:15,560 --> 00:38:20,319
Speaker 1: a pie, then the only person you're gonna harm is

804
00:38:20,320 --> 00:38:23,279
Speaker 1: yourself if you get it wrong. Does this law let's

805
00:38:23,280 --> 00:38:25,239
Speaker 1: go back in history, is this Does this stem from

806
00:38:25,239 --> 00:38:28,520
Speaker 1: prohibition when people were literally poisoning others but with things

807
00:38:28,560 --> 00:38:29,759
Speaker 1: like best of gin.

808
00:38:31,120 --> 00:38:36,279
Speaker 4: This actually the law I believe actually predates prohibition. But

809
00:38:36,400 --> 00:38:40,560
Speaker 4: you know, if we're concerned about regulating the production of

810
00:38:40,600 --> 00:38:44,479
Speaker 4: alcohol for public safety, you know who's actually really good

811
00:38:44,520 --> 00:38:47,040
Speaker 4: at do it at handling these sorts of regulations are

812
00:38:47,080 --> 00:38:49,719
Speaker 4: the states, and in fact the Constitution of the under

813
00:38:49,719 --> 00:38:52,920
Speaker 4: the twenty first Amendment, the states have you know, special

814
00:38:53,000 --> 00:38:56,600
Speaker 4: authority to regulate in this space. Uh. And if you

815
00:38:56,640 --> 00:38:59,280
Speaker 4: take a look, I mean Ohio regulates in this space.

816
00:38:59,480 --> 00:39:01,840
Speaker 4: But I'll Hio actually doesn't have any.

817
00:39:01,680 --> 00:39:03,600
Speaker 1: Prohibition on home distilling.

818
00:39:04,000 --> 00:39:06,880
Speaker 4: There are some states that do in addition to the

819
00:39:06,880 --> 00:39:10,080
Speaker 4: federal government, but Ohio doesn't. And so there's really just

820
00:39:10,239 --> 00:39:11,759
Speaker 4: no purpose for this law.

821
00:39:14,120 --> 00:39:16,279
Speaker 1: You know, maybe there was a time where people get

822
00:39:16,280 --> 00:39:18,640
Speaker 1: sick in poison and maybe that stems from this, but

823
00:39:18,800 --> 00:39:21,240
Speaker 1: now it just reaks it protection. Because we have science,

824
00:39:21,280 --> 00:39:23,160
Speaker 1: you know, you could learn how to do anything really

825
00:39:23,200 --> 00:39:25,319
Speaker 1: in the comfort of your own home, if you're going

826
00:39:25,320 --> 00:39:27,239
Speaker 1: to use it for your own consumption, or if you're

827
00:39:27,280 --> 00:39:29,600
Speaker 1: you know, if you're a neighbor like, hey, I'd like

828
00:39:29,640 --> 00:39:32,240
Speaker 1: to try some of your whiskey. As long as money's

829
00:39:32,280 --> 00:39:36,080
Speaker 1: not changing hands, there's no violation. But if he wanted

830
00:39:36,120 --> 00:39:37,600
Speaker 1: to do this, would he then have to go through

831
00:39:37,600 --> 00:39:40,359
Speaker 1: the process of getting a federal license? And what does

832
00:39:40,400 --> 00:39:40,840
Speaker 1: that look like?

833
00:39:42,040 --> 00:39:44,520
Speaker 4: So he would have to get a federal license, he's

834
00:39:44,640 --> 00:39:49,120
Speaker 4: actually lawfully prohibited under the statute. It is not permissible

835
00:39:49,160 --> 00:39:52,560
Speaker 4: to distill in your own home, and the statue is

836
00:39:52,560 --> 00:39:55,719
Speaker 4: written in a very bizarre fashion. If you happen to

837
00:39:55,719 --> 00:39:58,560
Speaker 4: have a large piece of property and potentially had a

838
00:39:58,600 --> 00:40:01,360
Speaker 4: shanty way out in the woods, perhaps that would be lawful.

839
00:40:01,400 --> 00:40:03,600
Speaker 4: But if you're trying to do so where most people

840
00:40:03,640 --> 00:40:06,279
Speaker 4: are going to actually try and engage in this, if

841
00:40:06,320 --> 00:40:08,399
Speaker 4: they're doing as a hobby, you know, in your own home,

842
00:40:08,480 --> 00:40:11,799
Speaker 4: say in your basement or in your garage, that you

843
00:40:11,840 --> 00:40:13,880
Speaker 4: can't get a permit to do that. And if you

844
00:40:14,120 --> 00:40:18,359
Speaker 4: if you engage in distilling without a permit, that will

845
00:40:18,440 --> 00:40:21,720
Speaker 4: rack you up felony felony charges.

846
00:40:23,280 --> 00:40:23,799
Speaker 1: I go to this.

847
00:40:24,239 --> 00:40:26,239
Speaker 4: The big question here is, you know you take a look,

848
00:40:26,360 --> 00:40:29,440
Speaker 4: and you would ask the question, how is it that Congress.

849
00:40:28,960 --> 00:40:30,400
Speaker 1: Has the authority to regulate this?

850
00:40:30,520 --> 00:40:34,600
Speaker 4: To begin with, Congress only has limited and enumerated powers

851
00:40:34,600 --> 00:40:37,520
Speaker 4: on the Constitution. They can't just regulate anything willy nilly.

852
00:40:38,040 --> 00:40:41,239
Speaker 4: And so the big claim that they make here is

853
00:40:41,280 --> 00:40:46,560
Speaker 4: that they're regulating interstate commerce. But this is a situation

854
00:40:46,840 --> 00:40:50,000
Speaker 4: in which they're regulating something which is neither commerce nor

855
00:40:50,120 --> 00:40:53,560
Speaker 4: interstate I mean, literally, what's happening in the confines of

856
00:40:53,600 --> 00:40:56,600
Speaker 4: your own home. If they can regulate this, they could

857
00:40:56,640 --> 00:41:00,720
Speaker 4: regulate bread baking, they could regulate your having a home garden.

858
00:41:01,200 --> 00:41:04,960
Speaker 4: It really doesn't matter how local, how non commercial it is.

859
00:41:05,360 --> 00:41:08,040
Speaker 4: It would be within the ambit of congressional regulation. And

860
00:41:08,080 --> 00:41:12,640
Speaker 4: that's just not what the Constitution says. Yeah, not at all.

861
00:41:12,840 --> 00:41:16,840
Speaker 1: And if you're selling it different stories, there's no commerce

862
00:41:16,880 --> 00:41:19,719
Speaker 1: going on here. So you said interstate commerce, but there's

863
00:41:19,760 --> 00:41:21,799
Speaker 1: no commercial enterprise. Doesn't it fail that?

864
00:41:21,880 --> 00:41:26,480
Speaker 4: Tesk absolutely? And to the extent, and the interesting thing

865
00:41:26,520 --> 00:41:29,120
Speaker 4: here is to the extent that there are some court

866
00:41:29,200 --> 00:41:32,720
Speaker 4: decisions that have had more expansive interpretations of what that means.

867
00:41:33,080 --> 00:41:35,799
Speaker 4: Congress still has to be regulating the interstate market. It

868
00:41:35,840 --> 00:41:39,080
Speaker 4: has to be necessary and proper to regulate the non

869
00:41:39,080 --> 00:41:43,640
Speaker 4: commercial market. In this particular case, the home distilling prohibition,

870
00:41:44,200 --> 00:41:48,080
Speaker 4: it's not regulating an interstate market. This really is getting

871
00:41:48,120 --> 00:41:49,719
Speaker 4: to non commercial activity.

872
00:41:50,800 --> 00:41:55,279
Speaker 1: Okay. The argument from the government on this one basically

873
00:41:55,560 --> 00:41:59,280
Speaker 1: is it's the reason why this is prohibited. It's uniquely dangerous.

874
00:41:59,360 --> 00:42:03,000
Speaker 1: Unlike home bread baking or vegetable gardening or whatever it

875
00:42:03,040 --> 00:42:05,879
Speaker 1: might be. No, no one's die. People may die if

876
00:42:05,880 --> 00:42:08,520
Speaker 1: you don't do this right. It probably could say the

877
00:42:08,520 --> 00:42:10,440
Speaker 1: same thing about beer or wine. I suppose it may

878
00:42:10,440 --> 00:42:12,719
Speaker 1: not taste good and it's why, But someone can get

879
00:42:12,760 --> 00:42:16,240
Speaker 1: sick and die from a poorly made homemade whiskey. However,

880
00:42:16,480 --> 00:42:18,799
Speaker 1: I would say, if you grow vegetables and you have

881
00:42:18,800 --> 00:42:20,520
Speaker 1: a surplus of vegetables, a lot of people like to

882
00:42:20,640 --> 00:42:22,680
Speaker 1: can My mom used to do that, make your own

883
00:42:22,680 --> 00:42:25,280
Speaker 1: pickles and put up tomatoes and stuff like that as well.

884
00:42:25,760 --> 00:42:29,960
Speaker 1: I'm sure it's very rare. But what about food born botulism?

885
00:42:30,040 --> 00:42:32,960
Speaker 1: What about food borne illnesses from poor canning techniques? If

886
00:42:32,960 --> 00:42:35,600
Speaker 1: I gave my neighbor a can of I don't know,

887
00:42:35,640 --> 00:42:37,919
Speaker 1: pickled beets or something like that, and it turns out

888
00:42:37,920 --> 00:42:39,879
Speaker 1: that I didn't do it right, they got sick and died,

889
00:42:40,680 --> 00:42:42,600
Speaker 1: how much? How is that any more dangerous than we're

890
00:42:42,600 --> 00:42:43,239
Speaker 1: talking about here.

891
00:42:44,320 --> 00:42:48,120
Speaker 4: Well, and here's the other thing. Ultimately, that doesn't give

892
00:42:48,160 --> 00:42:51,120
Speaker 4: the federal government anymore authority. The fact that they may

893
00:42:51,160 --> 00:42:54,320
Speaker 4: come up with, you know, and they really haven't pressed

894
00:42:54,360 --> 00:42:57,439
Speaker 4: too hard on the health rational But even if they do,

895
00:42:57,800 --> 00:43:02,640
Speaker 4: there isn't a general protection health clause in the US Constitution.

896
00:43:03,560 --> 00:43:08,200
Speaker 4: They're protecting health and welfare. That is traditionally a set

897
00:43:08,200 --> 00:43:12,000
Speaker 4: of powers which belongs to the states. And so if

898
00:43:12,000 --> 00:43:14,640
Speaker 4: we're concerned about that, the states have the ability, they

899
00:43:14,680 --> 00:43:17,880
Speaker 4: have the authority, and they do regulate actively in that space.

900
00:43:18,280 --> 00:43:20,400
Speaker 4: And so if that's our concern, there are other governmental

901
00:43:20,560 --> 00:43:23,160
Speaker 4: eneities that can do that. The fact that the federal

902
00:43:23,160 --> 00:43:26,839
Speaker 4: government might be able to point to some justification that

903
00:43:27,000 --> 00:43:29,239
Speaker 4: doesn't create a fount of new power for them.

904
00:43:30,480 --> 00:43:33,440
Speaker 1: He is a Robert Oll President CEO of the Buckeye Institute.

905
00:43:33,520 --> 00:43:36,920
Speaker 1: Interesting story about your hobbies. Guy named James Reem and

906
00:43:37,000 --> 00:43:41,640
Speaker 1: New York, New not New York, Newark, Ohio. He wants

907
00:43:41,760 --> 00:43:44,600
Speaker 1: to sell small quantities alcohols on home, make his own whiskey,

908
00:43:44,640 --> 00:43:48,080
Speaker 1: basically for his own personal consumption, not for distribution, not

909
00:43:48,160 --> 00:43:51,080
Speaker 1: for given away just because he's into it. That's his hobby.

910
00:43:51,440 --> 00:43:53,520
Speaker 1: If he does that, though, he's looking at five years

911
00:43:53,520 --> 00:43:56,239
Speaker 1: in prison. He's looking at a felony conviction and up

912
00:43:56,239 --> 00:43:58,680
Speaker 1: to ten thousand dollars in fines just for creating alcohol

913
00:43:58,760 --> 00:44:01,160
Speaker 1: for his own use. We allow home brewing with a

914
00:44:01,280 --> 00:44:02,960
Speaker 1: home wine making and a whole bunch of other things

915
00:44:02,960 --> 00:44:05,640
Speaker 1: you can do in your house. Why is alcohol so

916
00:44:05,840 --> 00:44:09,200
Speaker 1: dangerous that you need a federal exxemption and a license

917
00:44:09,239 --> 00:44:11,760
Speaker 1: in order to do it? That is the argument before

918
00:44:11,800 --> 00:44:15,120
Speaker 1: the court, and the Buckeye Institute is leaning into that

919
00:44:15,120 --> 00:44:17,359
Speaker 1: as a friend of the Court and a friend of

920
00:44:17,560 --> 00:44:20,400
Speaker 1: mister Reem, and he's on the show this morning to

921
00:44:20,400 --> 00:44:23,760
Speaker 1: discuss here on seven hundred WLW. You know you mentioned

922
00:44:23,760 --> 00:44:27,400
Speaker 1: earlier about Article one and the authority to criminalize home distilling.

923
00:44:28,040 --> 00:44:30,160
Speaker 1: If you go back to prohibition, the federal government needed

924
00:44:30,200 --> 00:44:34,560
Speaker 1: the eighteenth Amendment to ban alcohol production and consumption. Does

925
00:44:34,680 --> 00:44:38,640
Speaker 1: that show that Congress lacks the authority to criminalize home distilling?

926
00:44:41,080 --> 00:44:45,640
Speaker 4: I think this goes to, yes, the limitations on government power,

927
00:44:45,719 --> 00:44:49,360
Speaker 4: the fact that you couldn't just simply have Congress go

928
00:44:49,400 --> 00:44:52,319
Speaker 4: ahead and restrict it across the board, you needed a

929
00:44:52,360 --> 00:44:57,640
Speaker 4: constitutional amendment to actually get to a flat prohibition broadly

930
00:44:57,719 --> 00:45:01,839
Speaker 4: on this if you take a look in this particular case.

931
00:45:01,880 --> 00:45:04,160
Speaker 4: I mean, the other argument they meant that they make

932
00:45:04,280 --> 00:45:06,640
Speaker 4: in this case is that it's somehow necessary to the

933
00:45:06,719 --> 00:45:11,080
Speaker 4: taxing power. But it's it's interesting in this case, producing

934
00:45:11,200 --> 00:45:15,319
Speaker 4: alcohol is potentially subject to an excise tax, but the

935
00:45:15,400 --> 00:45:19,400
Speaker 4: prohibition actually prevents the federal government from collecting any tax.

936
00:45:19,680 --> 00:45:22,560
Speaker 4: As we've said in this case. Uh, and we actually

937
00:45:22,840 --> 00:45:25,160
Speaker 4: not just a friend of the court, we directly represent

938
00:45:25,239 --> 00:45:30,040
Speaker 4: mister Reim in this particular case. Mister Reim would be

939
00:45:30,080 --> 00:45:33,600
Speaker 4: willing to pay a tax on producing the alcohol, uh,

940
00:45:33,680 --> 00:45:36,840
Speaker 4: if they would just let him actually produce the alcohol

941
00:45:37,280 --> 00:45:41,239
Speaker 4: for his own consumption. So the interly, the oddly, the

942
00:45:41,239 --> 00:45:44,440
Speaker 4: federal government is preventing itself from getting the tax revenue.

943
00:45:46,120 --> 00:45:48,400
Speaker 1: I mean, what would cost for a like I'd imagine

944
00:45:48,400 --> 00:45:50,200
Speaker 1: it's a lot of mind. It's like a federal firearms

945
00:45:50,239 --> 00:45:52,759
Speaker 1: later to distribute firearms or something like that. It's it's

946
00:45:52,960 --> 00:45:58,040
Speaker 1: exceptionally expensive to do that. Yeah, I I I look

947
00:45:58,080 --> 00:45:59,600
Speaker 1: at this and it's like the same thing. And this

948
00:45:59,640 --> 00:46:01,640
Speaker 1: guy's willing to do it to pay the tax, and

949
00:46:01,640 --> 00:46:04,879
Speaker 1: they still won't let them. There's no, there's no, that's unreasonable.

950
00:46:04,920 --> 00:46:06,560
Speaker 1: I guess that's a great exist I think that's a

951
00:46:06,680 --> 00:46:08,319
Speaker 1: helpful illustration for your cake Stone.

952
00:46:08,360 --> 00:46:08,400
Speaker 5: You.

953
00:46:09,480 --> 00:46:12,880
Speaker 4: Oh absolutely, uh. Well, and you know, we we just

954
00:46:12,960 --> 00:46:16,160
Speaker 4: had oral arguments down there in Cincinnati last week before

955
00:46:16,160 --> 00:46:18,680
Speaker 4: the Sixth Circuit Quarter Appeals and I'll tell you it

956
00:46:18,719 --> 00:46:21,440
Speaker 4: was I felt like it was it was a bad

957
00:46:21,560 --> 00:46:25,520
Speaker 4: day to be the federal government's attorney. The the the

958
00:46:25,520 --> 00:46:28,640
Speaker 4: the government actually had tried to just argue a very

959
00:46:28,760 --> 00:46:31,920
Speaker 4: narrow set of issues in the briefs. The court asked

960
00:46:32,040 --> 00:46:36,720
Speaker 4: the government to be ready to discuss the constitutional arguments

961
00:46:36,719 --> 00:46:42,120
Speaker 4: beyond the narrow standing arguments. Uh, and the government essentially

962
00:46:42,200 --> 00:46:45,680
Speaker 4: refused to do so, so the the court. The court

963
00:46:45,880 --> 00:46:48,839
Speaker 4: was none too please. There was some test the exchanges,

964
00:46:49,239 --> 00:46:53,120
Speaker 4: and the court actually went ahead and sent an additional

965
00:46:53,239 --> 00:46:57,880
Speaker 4: order to the government to provide additional briefing responding to

966
00:46:58,080 --> 00:47:01,760
Speaker 4: the Back Eye Institute and mister Eam's constitutional clients.

967
00:47:02,160 --> 00:47:04,480
Speaker 1: I'm not an attorney. I'm a simple layperson with a

968
00:47:04,520 --> 00:47:06,680
Speaker 1: simple mind. But I would read that is they don't

969
00:47:06,680 --> 00:47:08,719
Speaker 1: even have an argument as to why this is the law.

970
00:47:09,080 --> 00:47:09,960
Speaker 1: That's what it sounds like.

971
00:47:10,880 --> 00:47:13,520
Speaker 4: Well, you know, we'll we'll, we'll, we'll see what We'll

972
00:47:13,520 --> 00:47:16,480
Speaker 4: see what they come up with. But suffice it to

973
00:47:16,520 --> 00:47:20,439
Speaker 4: say it was, it was. It was a better day

974
00:47:20,480 --> 00:47:23,400
Speaker 4: to be representing mister Reeve. I'll leave it at that.

975
00:47:24,239 --> 00:47:26,399
Speaker 1: Well, I guess the question would be is if their

976
00:47:26,480 --> 00:47:28,680
Speaker 1: job is to enforce the law and fight for the

977
00:47:28,719 --> 00:47:30,480
Speaker 1: law in this case and they can't even come with

978
00:47:30,480 --> 00:47:32,560
Speaker 1: a reason why making your own alcohol for your own

979
00:47:32,600 --> 00:47:36,520
Speaker 1: consumption and your home is illegal, is that indicator that

980
00:47:36,560 --> 00:47:37,799
Speaker 1: the state should just give up?

981
00:47:39,560 --> 00:47:39,799
Speaker 3: Well?

982
00:47:39,880 --> 00:47:43,399
Speaker 4: Yeah, again, as someone who's arguing on behalf of mister Reem,

983
00:47:43,600 --> 00:47:47,719
Speaker 4: I will say, I don't think that the government should

984
00:47:47,760 --> 00:47:49,960
Speaker 4: be regulating in this space. I don't think they've been

985
00:47:49,960 --> 00:47:53,920
Speaker 4: able to articulate a good reason. You've actually articulated stronger

986
00:47:53,960 --> 00:47:56,560
Speaker 4: reasons for why it is that they might be able

987
00:47:56,600 --> 00:48:00,560
Speaker 4: to regulate in this space I think than the government has.

988
00:48:00,360 --> 00:48:03,160
Speaker 1: That's frightening. Either I'm in the wrong place or the

989
00:48:03,200 --> 00:48:07,279
Speaker 1: government's really stupid. Anyway, Bob altis here, President, Robert Hall, president,

990
00:48:07,360 --> 00:48:10,560
Speaker 1: chief executive for the Buckeye Institute. So what's next here?

991
00:48:10,600 --> 00:48:13,120
Speaker 1: Before the sixth Circuit? It sounds to me like and

992
00:48:13,239 --> 00:48:14,759
Speaker 1: you never can read the tea leaves when it comes

993
00:48:14,800 --> 00:48:16,920
Speaker 1: to a court and a judge obviously, or judges obviously,

994
00:48:17,160 --> 00:48:19,200
Speaker 1: but it sounds like they're they're going to side with you.

995
00:48:19,320 --> 00:48:21,320
Speaker 1: What happens if that's the case, and moving forward?

996
00:48:22,320 --> 00:48:26,919
Speaker 4: Well, right now, the government actually has a brief due

997
00:48:27,040 --> 00:48:32,240
Speaker 4: next month. The court has given us a very short

998
00:48:32,440 --> 00:48:35,960
Speaker 4: one week time to respond to that brief. If the

999
00:48:36,000 --> 00:48:38,160
Speaker 4: Sixth Circuit were to rule in our favor, as we

1000
00:48:38,200 --> 00:48:44,200
Speaker 4: hope that it does, presumably at that point the government

1001
00:48:44,320 --> 00:48:46,759
Speaker 4: might appeal the case to the US Supreme Court. So

1002
00:48:46,800 --> 00:48:50,040
Speaker 4: we will see. But I have a feeling that whoever

1003
00:48:50,120 --> 00:48:53,280
Speaker 4: loses this case, it's it's likely to keep on going

1004
00:48:53,719 --> 00:48:55,719
Speaker 4: up through the courts, and the next stop would be

1005
00:48:55,719 --> 00:48:56,480
Speaker 4: the Supreme Court.

1006
00:48:56,840 --> 00:48:59,400
Speaker 1: You recall, there's an argument, in all your years as

1007
00:48:59,400 --> 00:49:02,239
Speaker 1: an attorney and studying the law, Robert, that there's been

1008
00:49:02,280 --> 00:49:05,080
Speaker 1: an instance where the government has no solid reason as

1009
00:49:05,080 --> 00:49:07,480
Speaker 1: to watch something is banned or is the law, and

1010
00:49:07,560 --> 00:49:10,120
Speaker 1: yet they continue to fight for keeping the status quoe.

1011
00:49:10,120 --> 00:49:12,120
Speaker 1: Why is that if they represent the people and it's

1012
00:49:12,120 --> 00:49:14,520
Speaker 1: in the people's best interest, Going, yeah, I mean, maybe

1013
00:49:14,560 --> 00:49:16,520
Speaker 1: there's a time in America where we needed that, but

1014
00:49:16,560 --> 00:49:19,000
Speaker 1: clearly that time has passed, especially when you look at

1015
00:49:19,040 --> 00:49:23,759
Speaker 1: the deregulation of things like marijuana for example, and guess what,

1016
00:49:23,880 --> 00:49:25,759
Speaker 1: you know, gay marriage, whatever it might be. You know,

1017
00:49:25,760 --> 00:49:28,360
Speaker 1: the earth is still spinning and we're just fine despite

1018
00:49:28,440 --> 00:49:30,760
Speaker 1: all of these horrible things going to destroy the fabric

1019
00:49:30,800 --> 00:49:34,200
Speaker 1: of our country and our makeup, and yet we continue

1020
00:49:34,239 --> 00:49:38,399
Speaker 1: to march on forward. Alcohol home distilling of alcohol seems

1021
00:49:38,440 --> 00:49:41,399
Speaker 1: to fit into that category as well. So if they

1022
00:49:41,480 --> 00:49:43,080
Speaker 1: represent the people and they are fighting for the people,

1023
00:49:43,120 --> 00:49:46,720
Speaker 1: because that's the state the people versus in this particular case,

1024
00:49:47,239 --> 00:49:48,480
Speaker 1: why they continue to fight.

1025
00:49:48,320 --> 00:49:52,440
Speaker 4: For this, you know, that is an excellent question, and

1026
00:49:52,800 --> 00:49:56,959
Speaker 4: it's one that you know, at times, I do think

1027
00:49:57,040 --> 00:49:58,799
Speaker 4: sometimes the government just you know.

1028
00:49:58,800 --> 00:49:59,840
Speaker 1: There there is this.

1029
00:50:01,800 --> 00:50:05,880
Speaker 4: There is a practice within the Justice Department to defend

1030
00:50:06,040 --> 00:50:08,480
Speaker 4: any statute that's on the book so long as there's

1031
00:50:08,920 --> 00:50:14,840
Speaker 4: any conceivable legal justification for doing so, you know, and

1032
00:50:15,160 --> 00:50:18,279
Speaker 4: and I this is this is the policy, regardless of

1033
00:50:18,280 --> 00:50:21,520
Speaker 4: who the administration is. But this is one of those

1034
00:50:21,520 --> 00:50:23,680
Speaker 4: cases of that I think really makes you scratch your

1035
00:50:23,719 --> 00:50:27,360
Speaker 4: head as to why is it that we're spending government

1036
00:50:27,400 --> 00:50:30,839
Speaker 4: resources to defend a statute that really doesn't serve any

1037
00:50:30,880 --> 00:50:34,040
Speaker 4: good purpose and for which the government really, you know,

1038
00:50:34,200 --> 00:50:37,160
Speaker 4: lacks the authority to have regulated here to begin with.

1039
00:50:38,280 --> 00:50:40,640
Speaker 4: If you start distributing this stuff and selling it, we

1040
00:50:40,719 --> 00:50:42,680
Speaker 4: know that, you know there will be federal agents. It'll

1041
00:50:42,680 --> 00:50:43,680
Speaker 4: be breathing down and re acting.

1042
00:50:43,719 --> 00:50:47,239
Speaker 1: You're facing rightly, so stiff finds penalties, jail time if

1043
00:50:47,239 --> 00:50:50,200
Speaker 1: you're selling and distributing your alcohol. We have a law

1044
00:50:50,200 --> 00:50:52,360
Speaker 1: in Ohio that says I can grow up to twelve

1045
00:50:52,400 --> 00:50:54,759
Speaker 1: pot plants and do with it what I believe. And

1046
00:50:54,840 --> 00:50:58,840
Speaker 1: yet somehow home distilling is is something worth fighting for.

1047
00:50:58,920 --> 00:51:02,040
Speaker 1: It makes this argument makes no sense whatsoever, which tells

1048
00:51:02,080 --> 00:51:04,600
Speaker 1: me this argument will continue to go on for years

1049
00:51:04,600 --> 00:51:04,959
Speaker 1: to come.

1050
00:51:07,880 --> 00:51:11,080
Speaker 4: Unfortunately, sometimes it seems like the things that are the

1051
00:51:11,120 --> 00:51:13,960
Speaker 4: most common sensical those are the things that are the

1052
00:51:14,160 --> 00:51:17,240
Speaker 4: hardest to actually succeed on in government.

1053
00:51:17,320 --> 00:51:20,040
Speaker 1: This is what we're fighting for. Robert All, President CEO

1054
00:51:20,120 --> 00:51:23,960
Speaker 1: of the Buckeye Institute, representing James reim out of Newark, Ohio.

1055
00:51:24,000 --> 00:51:26,800
Speaker 1: And I'm definitely on team Alt and Tim Reen. Thanks

1056
00:51:26,800 --> 00:51:29,840
Speaker 1: again for the time, Robert, thanks for having me the

1057
00:51:29,920 --> 00:51:32,960
Speaker 1: latest on the Nancy Guthrie disappearance. I found a clue yesterday.

1058
00:51:32,960 --> 00:51:35,200
Speaker 1: I will say how much closer they are to maybe

1059
00:51:35,239 --> 00:51:37,919
Speaker 1: catching the caps in the subject or the subjects. I guess,

1060
00:51:37,920 --> 00:51:40,560
Speaker 1: as the case may be, and your full forecast just ahead.

1061
00:51:40,560 --> 00:51:47,560
Speaker 1: Scott Sloan returns after noon seven hundred WLW Sloany, seven

1062
00:51:47,640 --> 00:51:50,319
Speaker 1: hundred wl W Cotton throw it back half the week.

1063
00:51:50,360 --> 00:51:54,760
Speaker 1: We're good, were good, were good, and in studio as usual,

1064
00:51:54,920 --> 00:51:59,360
Speaker 1: Shavor Cremani's here are a resident physician and health and

1065
00:51:59,400 --> 00:52:02,239
Speaker 1: fitness and food expert at dine Wall. Doc Sanjay, good morning,

1066
00:52:02,280 --> 00:52:04,080
Speaker 1: how are you brother? I'm doing well? Slowey, how are you?

1067
00:52:04,160 --> 00:52:07,080
Speaker 1: I'm doing well. Valentine's Day? You have a fiance? What

1068
00:52:07,120 --> 00:52:08,359
Speaker 1: are you doing? What's the deal?

1069
00:52:08,719 --> 00:52:10,600
Speaker 8: We're actually going to keep it low key, so we're

1070
00:52:10,640 --> 00:52:13,400
Speaker 8: actually having some people over close friends and we're just

1071
00:52:13,400 --> 00:52:15,600
Speaker 8: gonna have a dinner at home and all the mess

1072
00:52:15,640 --> 00:52:18,759
Speaker 8: of restaurants, but uh, it's the mess just being because

1073
00:52:18,760 --> 00:52:21,200
Speaker 8: it's hard to get a reservation, so just keep it

1074
00:52:21,320 --> 00:52:21,640
Speaker 8: at home.

1075
00:52:22,239 --> 00:52:24,640
Speaker 1: Are you a chocolate dip strawberry gar or not?

1076
00:52:25,400 --> 00:52:28,200
Speaker 8: I do like them, yes, just on those days though.

1077
00:52:28,239 --> 00:52:30,040
Speaker 8: And yeah, Matt and Parrett with a champagne.

1078
00:52:30,080 --> 00:52:32,600
Speaker 1: Okay, got you? Because Dorothy Lane market up and Mason

1079
00:52:32,640 --> 00:52:35,800
Speaker 1: dropped off. I'm not a big strawberry chocolate kindic. I

1080
00:52:35,840 --> 00:52:38,520
Speaker 1: like strawberries like chocolate for some reason. It's not my jam.

1081
00:52:38,520 --> 00:52:41,839
Speaker 1: But I watched women and some men davorro the They

1082
00:52:41,880 --> 00:52:44,120
Speaker 1: have chocolate cover strawberries there that are as big as

1083
00:52:44,120 --> 00:52:46,600
Speaker 1: an onion. I mean, they're ridiculous. I don't know what

1084
00:52:46,680 --> 00:52:50,399
Speaker 1: kind of superhuman chocolate strawberries they brought in. All the food.

1085
00:52:50,800 --> 00:52:52,600
Speaker 1: This is the this is the opposite.

1086
00:52:54,200 --> 00:52:54,359
Speaker 2: Luck.

1087
00:52:54,400 --> 00:52:56,520
Speaker 1: I think in the back I had their their bougie

1088
00:52:56,520 --> 00:52:58,360
Speaker 1: orange juices fresh squeze, the best orang juice you have

1089
00:52:58,440 --> 00:53:01,480
Speaker 1: ever in your life. But they dropped off kish this morning.

1090
00:53:01,560 --> 00:53:06,160
Speaker 1: Some uncured bacon. Oh no, nitrates are night nitrotes night nitrogens.

1091
00:53:06,800 --> 00:53:09,040
Speaker 1: Uh and it's delicious. So I ate all that and stuff. Well,

1092
00:53:09,040 --> 00:53:12,160
Speaker 1: thanks for saving me. No, you can smell my burp

1093
00:53:12,360 --> 00:53:12,680
Speaker 1: later on.

1094
00:53:13,239 --> 00:53:13,560
Speaker 6: Uh no.

1095
00:53:13,680 --> 00:53:15,600
Speaker 1: So thanks again to a door lit the Dorothy Lane Market.

1096
00:53:15,719 --> 00:53:17,719
Speaker 1: So if you're like sounding, maybe cook at home or something.

1097
00:53:17,719 --> 00:53:19,239
Speaker 1: You can go there and get some stuff pre made,

1098
00:53:19,239 --> 00:53:21,600
Speaker 1: which is fantastic, or get your ingredients it's all fresh,

1099
00:53:21,600 --> 00:53:23,680
Speaker 1: and cook something nice and special. You're giving me good

1100
00:53:23,680 --> 00:53:25,200
Speaker 1: ideas because I know you love there.

1101
00:53:25,360 --> 00:53:27,839
Speaker 8: You haven't hather pecan pile yet, not yet I'm saving

1102
00:53:27,880 --> 00:53:30,200
Speaker 8: it for a special day, and that might be the Saturday.

1103
00:53:30,360 --> 00:53:32,200
Speaker 1: I'll do it. Yeah, I'm telling you it's the best

1104
00:53:32,200 --> 00:53:33,920
Speaker 1: in the world, thanks to our friends at the Dorothy

1105
00:53:33,960 --> 00:53:36,200
Speaker 1: Lane Market. All right, h we'll talk this morning. I'm

1106
00:53:36,200 --> 00:53:38,160
Speaker 1: gonna throw a curveball at as I usually do, because

1107
00:53:38,200 --> 00:53:39,520
Speaker 1: I know you like to prep for the segment. But

1108
00:53:39,560 --> 00:53:40,960
Speaker 1: you're the smartest guy in the room. You should know

1109
00:53:41,000 --> 00:53:44,880
Speaker 1: the answer to this stuff. Doctor's physicians, especially eedy doctors

1110
00:53:44,880 --> 00:53:47,560
Speaker 1: like yourself. Your physicians will go, oh, doctor Google, because

1111
00:53:47,600 --> 00:53:49,400
Speaker 1: you know my daughter does that. I think I have

1112
00:53:50,200 --> 00:53:52,960
Speaker 1: I think I think I've got ebola, Like you don't

1113
00:53:53,000 --> 00:53:56,799
Speaker 1: have a bolo. It's what it says. So now it's

1114
00:53:56,800 --> 00:53:59,680
Speaker 1: a chat. It's chat ebt or clawed or whatever it is.

1115
00:54:00,000 --> 00:54:03,000
Speaker 1: Here's an interesting story though. So this woman goes to

1116
00:54:03,440 --> 00:54:05,920
Speaker 1: present to the EAD and the nurse says, well, you

1117
00:54:06,000 --> 00:54:09,000
Speaker 1: got gout. Okay. She goes home, she's like, I don't

1118
00:54:09,000 --> 00:54:10,520
Speaker 1: know if that. She takes a picture of it, puts

1119
00:54:10,520 --> 00:54:12,480
Speaker 1: it in an AI client and it comes back and

1120
00:54:12,520 --> 00:54:15,239
Speaker 1: it diagnosed her correctly with something far more serious than gout.

1121
00:54:15,320 --> 00:54:18,560
Speaker 1: So it was a misdiagnosis. So now you're confirming the

1122
00:54:18,560 --> 00:54:20,680
Speaker 1: biases of the people before going see I don't trust doctors.

1123
00:54:20,719 --> 00:54:22,560
Speaker 1: I'll just do it. I'll just google it, I'll just

1124
00:54:22,560 --> 00:54:24,880
Speaker 1: put it into AI. How do you respond to a doctor.

1125
00:54:24,680 --> 00:54:28,120
Speaker 8: That it's tough. I mean, you know, we're still human

1126
00:54:28,640 --> 00:54:31,160
Speaker 8: as physicians, and we have to be humble about that.

1127
00:54:31,320 --> 00:54:31,520
Speaker 1: Now.

1128
00:54:31,920 --> 00:54:34,359
Speaker 8: Will our computer is better than we are right now

1129
00:54:34,600 --> 00:54:37,400
Speaker 8: in certain things, for sure, but they will also be

1130
00:54:37,440 --> 00:54:39,280
Speaker 8: wrong a lot of the times too, and we can't

1131
00:54:39,320 --> 00:54:41,480
Speaker 8: have that. They don't have the same interaction that we

1132
00:54:41,600 --> 00:54:44,319
Speaker 8: can with a patient. And so I understand it for

1133
00:54:44,400 --> 00:54:50,000
Speaker 8: people that are already mistrustful of doctors or healthcare in general. Sure,

1134
00:54:50,040 --> 00:54:52,480
Speaker 8: like you might see this one story and say, there

1135
00:54:52,520 --> 00:54:55,760
Speaker 8: it is, I can't trust it. But overall, by and large,

1136
00:54:56,400 --> 00:54:58,560
Speaker 8: we still encourage you to see someone.

1137
00:54:58,440 --> 00:54:59,080
Speaker 1: In real life.

1138
00:54:59,120 --> 00:55:02,480
Speaker 8: I understand the you know, the appeal one you don't

1139
00:55:02,520 --> 00:55:04,760
Speaker 8: have to pay a copay to log on to chat GPT,

1140
00:55:05,960 --> 00:55:08,400
Speaker 8: and too, you don't have to divulge anything to another

1141
00:55:08,480 --> 00:55:11,560
Speaker 8: human and so yeah, I get it. But at the

1142
00:55:11,600 --> 00:55:16,160
Speaker 8: same time, be careful of completely relying on AI to

1143
00:55:16,160 --> 00:55:17,000
Speaker 8: to be your physician.

1144
00:55:17,040 --> 00:55:19,719
Speaker 1: If you suspect something I can you could probably do

1145
00:55:19,800 --> 00:55:21,359
Speaker 1: it and get a second dig but you still need

1146
00:55:21,400 --> 00:55:25,000
Speaker 1: to see someone because you know it's it's certainly imperfect.

1147
00:55:25,040 --> 00:55:27,040
Speaker 1: At this point, I wouldn't put all my trust in AI.

1148
00:55:27,239 --> 00:55:29,480
Speaker 8: No, and it's it's tough with the whole doctor Google

1149
00:55:29,520 --> 00:55:31,960
Speaker 8: thing that that took a lot of change for myself

1150
00:55:32,040 --> 00:55:35,239
Speaker 8: to you know, increase my humility to say, all right,

1151
00:55:35,280 --> 00:55:37,640
Speaker 8: there is thing. There are things that a patient may

1152
00:55:37,640 --> 00:55:40,440
Speaker 8: bring to me that I know nothing about or that

1153
00:55:40,480 --> 00:55:44,319
Speaker 8: I haven't thought about, and it's blending that with my expertise.

1154
00:55:44,400 --> 00:55:46,480
Speaker 8: That that's how I've been able to navigate it and

1155
00:55:46,560 --> 00:55:48,839
Speaker 8: just say, you know, there's I know a lot of things,

1156
00:55:48,880 --> 00:55:51,360
Speaker 8: but I don't know everything, and you know, the Internet

1157
00:55:51,360 --> 00:55:54,080
Speaker 8: can help me with certain things. I mean, there's more

1158
00:55:54,120 --> 00:55:56,880
Speaker 8: and more to learn every day as a physician, and

1159
00:55:56,960 --> 00:56:00,000
Speaker 8: so if I just say I know more than everybody else,

1160
00:56:00,320 --> 00:56:03,439
Speaker 8: I'm going to be in trouble. And so just having

1161
00:56:03,440 --> 00:56:05,560
Speaker 8: a little bit of humility is the way I navigate it.

1162
00:56:05,600 --> 00:56:08,560
Speaker 8: And I encourage patients to read up on their illnesses

1163
00:56:08,640 --> 00:56:11,680
Speaker 8: or what they might have its just to eventually have

1164
00:56:11,760 --> 00:56:14,960
Speaker 8: a conversation as opposed to me telling them exactly what's

1165
00:56:15,000 --> 00:56:17,000
Speaker 8: wrong and them telling me what's wrong.

1166
00:56:17,120 --> 00:56:20,920
Speaker 1: Instead, let's talk about it. Yeah, okay, Yeah, it's a

1167
00:56:20,920 --> 00:56:23,520
Speaker 1: concern too, because any other element of that too would

1168
00:56:23,520 --> 00:56:25,480
Speaker 1: be I would I'd run from a place where I

1169
00:56:25,520 --> 00:56:27,120
Speaker 1: went to and go, yeah, I don't know what this is,

1170
00:56:27,160 --> 00:56:29,200
Speaker 1: and you look at it and go, holy crap, I

1171
00:56:29,280 --> 00:56:32,200
Speaker 1: gotta google that. I like, I'm probably gonna go see

1172
00:56:32,200 --> 00:56:35,200
Speaker 1: another doctor and I get to get a picture of

1173
00:56:35,200 --> 00:56:35,920
Speaker 1: me with this hold on.

1174
00:56:36,200 --> 00:56:36,400
Speaker 6: You know.

1175
00:56:37,440 --> 00:56:40,000
Speaker 8: I think that's going to evolve too, I think, you know,

1176
00:56:40,160 --> 00:56:43,120
Speaker 8: I remember fifteen years ago, I had a patient who

1177
00:56:43,160 --> 00:56:44,920
Speaker 8: had a sore throat and the light was off in

1178
00:56:44,960 --> 00:56:47,120
Speaker 8: the room or the you know, the tomoscope, so I

1179
00:56:47,120 --> 00:56:49,120
Speaker 8: couldn't look in their throat, and I took out my

1180
00:56:49,200 --> 00:56:50,839
Speaker 8: phone and I was like, I'm just going to show

1181
00:56:50,840 --> 00:56:53,880
Speaker 8: this flashlight back there. And the patient's like, you're going

1182
00:56:53,920 --> 00:56:56,680
Speaker 8: to use your phone to look at my throat. I'm like, yeah,

1183
00:56:56,680 --> 00:56:59,719
Speaker 8: it's got a flashlight, and like today, that's how I

1184
00:56:59,760 --> 00:57:01,120
Speaker 8: do it most of the time, because that light is

1185
00:57:01,160 --> 00:57:02,880
Speaker 8: more powerful than anything on the wall, and a patient

1186
00:57:02,880 --> 00:57:05,719
Speaker 8: doesn't blink twice, you know. And so I think the

1187
00:57:05,760 --> 00:57:08,759
Speaker 8: same thing's going to happen with patients understanding that, like

1188
00:57:08,840 --> 00:57:11,240
Speaker 8: we're we still have to fill in some blanks, especially

1189
00:57:11,239 --> 00:57:13,920
Speaker 8: as an emergency position where I have to I'm expected

1190
00:57:13,960 --> 00:57:16,560
Speaker 8: to understand and diagnose everything.

1191
00:57:17,040 --> 00:57:18,040
Speaker 1: It's hard to do alone.

1192
00:57:18,200 --> 00:57:20,480
Speaker 8: Yeah, And the more that I can lean into my

1193
00:57:20,520 --> 00:57:22,760
Speaker 8: own humility and the patient can understand it, the better

1194
00:57:22,800 --> 00:57:23,080
Speaker 8: I think.

1195
00:57:23,120 --> 00:57:24,760
Speaker 1: For truth, I don't know everything. I think that's good,

1196
00:57:24,880 --> 00:57:27,200
Speaker 1: all right. I want to pivot to this thing because

1197
00:57:27,360 --> 00:57:29,160
Speaker 1: I've seen it around before, and I don't know how

1198
00:57:29,200 --> 00:57:31,080
Speaker 1: many people are doing this or not, but the cold

1199
00:57:31,120 --> 00:57:34,680
Speaker 1: plunges in cryo thing right now, where people are freezing,

1200
00:57:34,680 --> 00:57:37,680
Speaker 1: the freezing themselves. It's like the hot cold new trend,

1201
00:57:37,840 --> 00:57:40,320
Speaker 1: if you will. And I've done it before. I've done

1202
00:57:40,320 --> 00:57:42,680
Speaker 1: the ice bath before after you know when when they

1203
00:57:42,720 --> 00:57:45,200
Speaker 1: used to do more physical workouts and stuff like that,

1204
00:57:45,320 --> 00:57:49,240
Speaker 1: and after that first five to ten seconds as a man,

1205
00:57:51,680 --> 00:57:53,760
Speaker 1: it's very you don't look forward to it, but after

1206
00:57:53,840 --> 00:57:56,440
Speaker 1: five ten seconds it does have therapeutic effects. I know

1207
00:57:56,440 --> 00:57:58,320
Speaker 1: this is a very small segment of the population that

1208
00:57:58,320 --> 00:58:00,760
Speaker 1: it's even interested in doing this, but it's one of

1209
00:58:00,800 --> 00:58:02,560
Speaker 1: those new grottes of people go, well, it's an ice bath.

1210
00:58:02,600 --> 00:58:04,840
Speaker 1: I mean, you know, you could get a tub or

1211
00:58:04,920 --> 00:58:06,880
Speaker 1: you get something on Amazon for like fifty bucks where

1212
00:58:06,880 --> 00:58:08,520
Speaker 1: you fill it with ice water and you jump in it,

1213
00:58:08,800 --> 00:58:10,760
Speaker 1: and I've done them after like a boxing workout before,

1214
00:58:10,760 --> 00:58:13,400
Speaker 1: and it feels really really good. But it's not for

1215
00:58:13,440 --> 00:58:15,680
Speaker 1: everybody for sure. Why Why is this thing taken off now?

1216
00:58:15,680 --> 00:58:18,760
Speaker 1: And it's it also claims to heal and cure a

1217
00:58:18,800 --> 00:58:21,040
Speaker 1: lot of things, a lot of things outside of muscle

1218
00:58:21,080 --> 00:58:21,360
Speaker 1: sort of.

1219
00:58:21,480 --> 00:58:23,600
Speaker 8: Yeah, and then you said the magic word. There is

1220
00:58:23,640 --> 00:58:27,040
Speaker 8: claims and there is not a ton of evidence on

1221
00:58:27,080 --> 00:58:29,520
Speaker 8: this stuff. Now I'm not saying it's not beneficial, but

1222
00:58:29,640 --> 00:58:32,920
Speaker 8: at the same time, there's there's mixed evidence and there's evidence,

1223
00:58:32,960 --> 00:58:35,240
Speaker 8: but it doesn't show a huge benefit in a lot

1224
00:58:35,280 --> 00:58:38,040
Speaker 8: of cases. So, yeah, you've nailed it as far as

1225
00:58:38,080 --> 00:58:40,720
Speaker 8: what it is. You know, this is submerging yourself or

1226
00:58:40,840 --> 00:58:45,680
Speaker 8: cold water immersion, so submerging your body in colder water.

1227
00:58:46,400 --> 00:58:48,560
Speaker 8: You know, some people go to extremes. If you've seen

1228
00:58:48,880 --> 00:58:51,160
Speaker 8: a lot of influencers, you know, it's just all ice

1229
00:58:51,200 --> 00:58:53,000
Speaker 8: in there and then they just submerge themselves.

1230
00:58:53,080 --> 00:58:55,320
Speaker 1: The Swedes, yeah exactly.

1231
00:58:55,320 --> 00:58:57,000
Speaker 8: But they're doing something right up there because they're like

1232
00:58:57,000 --> 00:59:01,040
Speaker 8: the happiest nations out there. You know that the happiest

1233
00:59:01,120 --> 00:59:03,240
Speaker 8: or the Scandinavians, and that's where it's cold and dark

1234
00:59:03,280 --> 00:59:04,920
Speaker 8: all the time, although.

1235
00:59:04,720 --> 00:59:06,720
Speaker 1: I think it's the threat of if you don't you

1236
00:59:06,720 --> 00:59:09,320
Speaker 1: don't quit be depressing, I'm gonna throw an ice water. Yeah, exactly,

1237
00:59:09,480 --> 00:59:10,040
Speaker 1: they forced it.

1238
00:59:10,040 --> 00:59:12,200
Speaker 8: It's not really happy to assign you you will be happy,

1239
00:59:12,280 --> 00:59:13,160
Speaker 8: whether you like it or not.

1240
00:59:13,200 --> 00:59:15,960
Speaker 1: It's all in act. They're visible. They're cutting themselves and

1241
00:59:16,040 --> 00:59:17,240
Speaker 1: drinking themselves silly.

1242
00:59:17,520 --> 00:59:20,600
Speaker 8: Yeah, so the you know, the the optimal temperature for

1243
00:59:20,680 --> 00:59:22,840
Speaker 8: a bath is fifty to fifty nine degrees, So we're

1244
00:59:22,880 --> 00:59:26,520
Speaker 8: not talking thirty two degrees, not forties. It's fifty to

1245
00:59:26,560 --> 00:59:29,200
Speaker 8: fifty nine, so kind of pretty cold, but not to

1246
00:59:29,280 --> 00:59:31,120
Speaker 8: a point where you're like you think you're gonna die.

1247
00:59:31,560 --> 00:59:33,320
Speaker 8: There's certainly not where you want to get to. But

1248
00:59:33,440 --> 00:59:35,720
Speaker 8: there are benefits and you've mentioned them already, which is

1249
00:59:35,760 --> 00:59:39,080
Speaker 8: the physical ones. You know, your body kind of after

1250
00:59:39,400 --> 00:59:43,280
Speaker 8: a workout of some sort and just recovery, and it's

1251
00:59:43,320 --> 00:59:47,080
Speaker 8: not to help due to decrease inflammation, but also you know,

1252
00:59:47,160 --> 00:59:49,320
Speaker 8: kind of numbing your body a little bit by making

1253
00:59:49,360 --> 00:59:52,360
Speaker 8: it cool. That being said, you don't really want to

1254
00:59:52,400 --> 00:59:53,880
Speaker 8: do this for more than ten minutes at a time

1255
00:59:53,920 --> 00:59:56,880
Speaker 8: because that's when that's when the second round of dangers come.

1256
00:59:56,920 --> 00:59:59,640
Speaker 8: Because there are dangers in the early phase of a

1257
00:59:59,680 --> 01:00:01,280
Speaker 8: cold lunge and then later on too.

1258
01:00:01,800 --> 01:00:03,920
Speaker 1: Hypothermia is right, Yeah.

1259
01:00:03,680 --> 01:00:06,880
Speaker 8: The hypothermy of the frost bite, more circulation, the whole

1260
01:00:06,880 --> 01:00:10,720
Speaker 8: bit that can happen with either you know, really cold

1261
01:00:10,720 --> 01:00:14,360
Speaker 8: temperatures are really prolonged times underneath and again it could

1262
01:00:14,400 --> 01:00:16,120
Speaker 8: be more than just ten minutes that can actually do

1263
01:00:16,160 --> 01:00:16,640
Speaker 8: some damage.

1264
01:00:16,680 --> 01:00:18,640
Speaker 1: Okay, so on the cold thing, but the other side,

1265
01:00:18,680 --> 01:00:20,240
Speaker 1: the hot So how come you can sit in a

1266
01:00:20,320 --> 01:00:22,520
Speaker 1: hot tub for like two hours drinking.

1267
01:00:22,440 --> 01:00:24,360
Speaker 8: Yeah, so hot, you know, it's not going to burn

1268
01:00:24,360 --> 01:00:27,919
Speaker 8: your skin necessarily unless you've done something whatever degrees. Yeah,

1269
01:00:28,000 --> 01:00:30,360
Speaker 8: and and what that will do? You know, the main

1270
01:00:30,480 --> 01:00:33,680
Speaker 8: risks at hotter temperatures or you know, all your blood

1271
01:00:33,720 --> 01:00:35,040
Speaker 8: is going to your skin, so it's not going to

1272
01:00:35,080 --> 01:00:37,120
Speaker 8: your head, and then you can feel lightheaded and pass

1273
01:00:37,160 --> 01:00:39,960
Speaker 8: out right, and you could also become dehydrated because you're

1274
01:00:39,960 --> 01:00:42,640
Speaker 8: losing a lot of extra sweat that way. So those

1275
01:00:42,640 --> 01:00:44,720
Speaker 8: are the two Those are the main risks of hot

1276
01:00:44,760 --> 01:00:47,640
Speaker 8: but it's not as dangerous as cold. And so what

1277
01:00:47,720 --> 01:00:50,480
Speaker 8: happens with cold You initially get in you've you've referred

1278
01:00:50,520 --> 01:00:53,600
Speaker 8: to it men and women alike. On the initial hit,

1279
01:00:54,240 --> 01:00:57,160
Speaker 8: which is a burst and heart rate and blood pressure,

1280
01:00:57,200 --> 01:00:59,360
Speaker 8: so both of those will go up because of the

1281
01:00:59,360 --> 01:01:01,560
Speaker 8: stress to the your body's like what is going on

1282
01:01:01,840 --> 01:01:04,080
Speaker 8: and it freaks out and your heart rate and blood

1283
01:01:04,080 --> 01:01:07,280
Speaker 8: pressure go up, which aren't necessarily bad things, but they

1284
01:01:07,320 --> 01:01:10,800
Speaker 8: can be bad things for patients with heart disease, any

1285
01:01:10,840 --> 01:01:14,360
Speaker 8: any type of heart disease, high blood pressure, history of stroke,

1286
01:01:14,840 --> 01:01:17,160
Speaker 8: a lot of things that can kind of go haywire

1287
01:01:17,240 --> 01:01:19,760
Speaker 8: in the very first few seconds of doing a cold plunge.

1288
01:01:19,800 --> 01:01:22,640
Speaker 1: Okay, what are the therapeutic benefits of that cold bath

1289
01:01:22,760 --> 01:01:26,320
Speaker 1: or cold plunges that were in that? I mean, is

1290
01:01:26,520 --> 01:01:29,800
Speaker 1: it more of a placebo effect? It does it? What

1291
01:01:29,840 --> 01:01:31,960
Speaker 1: does it do to your muscles? I guess to alleviate

1292
01:01:32,000 --> 01:01:33,960
Speaker 1: the pain or the joint pain, whatever you have. Is

1293
01:01:33,960 --> 01:01:36,200
Speaker 1: it just throwing your mind off, going hey, now it's cold,

1294
01:01:36,200 --> 01:01:37,520
Speaker 1: you got to worry about this as opposed to the

1295
01:01:37,560 --> 01:01:39,600
Speaker 1: chronic pain. There's probably something to that.

1296
01:01:40,560 --> 01:01:44,439
Speaker 8: It's also yeah, it's physical decreased inflammation, and so they've

1297
01:01:44,440 --> 01:01:47,120
Speaker 8: done some research with markers, but it's hard to reproduce

1298
01:01:47,160 --> 01:01:50,080
Speaker 8: a lot of the studies, so it's not very conclusive

1299
01:01:50,120 --> 01:01:53,280
Speaker 8: as far as the evidence, But overall it looks to

1300
01:01:53,280 --> 01:01:56,160
Speaker 8: be helpful. That being said, a lot of a lot

1301
01:01:56,200 --> 01:01:58,400
Speaker 8: of the things, a lot of the benefits are to

1302
01:01:58,400 --> 01:02:01,760
Speaker 8: do with mental resilience and how it's affecting your mind. So,

1303
01:02:02,200 --> 01:02:04,880
Speaker 8: you know, starting off the day with a cold plunge,

1304
01:02:04,920 --> 01:02:07,200
Speaker 8: or what I prefer to do, which is the easy,

1305
01:02:07,240 --> 01:02:10,480
Speaker 8: accessible and cheap thing, is have my warm shower and

1306
01:02:10,520 --> 01:02:13,480
Speaker 8: then turn the dial to complete cold. For the final

1307
01:02:13,640 --> 01:02:17,160
Speaker 8: thirty to sixty seconds, I'll just take five deep breaths

1308
01:02:17,160 --> 01:02:19,640
Speaker 8: in and out, so ten total breaths under the cold,

1309
01:02:19,800 --> 01:02:22,120
Speaker 8: and then it just starts my day. And what they've

1310
01:02:22,160 --> 01:02:25,080
Speaker 8: actually have found is that that will actually increase your

1311
01:02:25,120 --> 01:02:28,960
Speaker 8: mental clarity. It helps you overall deal with things through

1312
01:02:29,000 --> 01:02:30,680
Speaker 8: the rest of the day, and it actually gives you

1313
01:02:30,840 --> 01:02:34,280
Speaker 8: a boost. Your neurotransmitters go up, your brain functions a

1314
01:02:34,320 --> 01:02:36,200
Speaker 8: little bit better, and it really wakes you up.

1315
01:02:36,400 --> 01:02:38,120
Speaker 1: Some people are doing the cryo therapy, which is the

1316
01:02:38,120 --> 01:02:39,880
Speaker 1: extreme of that too, that's really really.

1317
01:02:39,640 --> 01:02:42,880
Speaker 8: Cold, really really cold, and that's where you know, is

1318
01:02:43,680 --> 01:02:44,920
Speaker 8: the juice worth the squeeze?

1319
01:02:44,960 --> 01:02:46,880
Speaker 1: And then what are the risks of that too? Cost

1320
01:02:46,960 --> 01:02:48,200
Speaker 1: for that matter, it's not cheap.

1321
01:02:48,080 --> 01:02:50,560
Speaker 8: No, it's not cheap. Every you know, every session does

1322
01:02:50,600 --> 01:02:53,440
Speaker 8: cost money. There are some benefits there, but again the

1323
01:02:53,840 --> 01:02:56,880
Speaker 8: shower version is cheap and free, and that's why I

1324
01:02:56,920 --> 01:02:59,080
Speaker 8: prefer to do it. And it's you know, you don't

1325
01:02:59,080 --> 01:03:00,360
Speaker 8: get as cold temperature, just.

1326
01:03:00,280 --> 01:03:02,000
Speaker 1: Take a cold shower, is what you're saying. It's the

1327
01:03:02,200 --> 01:03:03,320
Speaker 1: same thing essentially.

1328
01:03:03,320 --> 01:03:05,840
Speaker 8: So there was a study done a couple of years

1329
01:03:05,880 --> 01:03:10,240
Speaker 8: ago in the Netherlands where they took people and they said, okay,

1330
01:03:10,320 --> 01:03:12,880
Speaker 8: we're gonna have a control group that's take a normal shower,

1331
01:03:12,960 --> 01:03:16,880
Speaker 8: and then people take finish off their warm shower with

1332
01:03:17,040 --> 01:03:20,200
Speaker 8: a cold shower thirty seconds, sixty seconds, ninety seconds, so

1333
01:03:20,240 --> 01:03:22,400
Speaker 8: not a ten of time under the cold after their

1334
01:03:22,440 --> 01:03:25,040
Speaker 8: initial warm shower. And what they found was that there

1335
01:03:25,040 --> 01:03:27,920
Speaker 8: were less sick days taken for the people that did

1336
01:03:27,920 --> 01:03:29,960
Speaker 8: a cold shower. So if you did a cold shower

1337
01:03:30,000 --> 01:03:33,800
Speaker 8: after your hot one, you reported less, you called into

1338
01:03:34,040 --> 01:03:39,320
Speaker 8: work sick less often, which makes you think, what, oh,

1339
01:03:39,400 --> 01:03:40,560
Speaker 8: you're helping the immune.

1340
01:03:40,280 --> 01:03:42,560
Speaker 1: System, which is the that's one of the claims right

1341
01:03:42,920 --> 01:03:43,120
Speaker 1: to make.

1342
01:03:43,240 --> 01:03:48,520
Speaker 8: Ok Yeah, However, everyone reported the same incidents of being sick,

1343
01:03:48,880 --> 01:03:51,680
Speaker 8: and so every whether you took a warm shower only

1344
01:03:51,800 --> 01:03:55,160
Speaker 8: or followed up with cold, you got sick just as often. However,

1345
01:03:55,200 --> 01:03:59,040
Speaker 8: you called into work less often if you were doing

1346
01:03:59,040 --> 01:04:02,920
Speaker 8: the cold plunge call off of work. So the question is,

1347
01:04:02,920 --> 01:04:05,000
Speaker 8: well why, and then what they think is.

1348
01:04:05,360 --> 01:04:07,000
Speaker 1: Go, yeah, I want to hear your answer.

1349
01:04:07,160 --> 01:04:10,840
Speaker 8: So they're thinking it builds up your mental resilience. Okay,

1350
01:04:10,920 --> 01:04:13,800
Speaker 8: I'm sick. I can deal with this. And that's what

1351
01:04:13,840 --> 01:04:15,600
Speaker 8: I kind of like about the cold thing. I start

1352
01:04:15,640 --> 01:04:17,560
Speaker 8: off the day being like, man, I just I just

1353
01:04:17,600 --> 01:04:20,840
Speaker 8: took that on. I was cold, and I stuck with

1354
01:04:20,880 --> 01:04:23,000
Speaker 8: it for one extra breath, and I thought I could.

1355
01:04:23,560 --> 01:04:25,640
Speaker 8: I'm a I'm a beast. I can start the day.

1356
01:04:25,720 --> 01:04:28,720
Speaker 8: I can take on anything. And and they think that's

1357
01:04:28,800 --> 01:04:31,920
Speaker 8: part of it. Yeah, you have fortitude, like, okay, it's

1358
01:04:32,040 --> 01:04:33,800
Speaker 8: it's the sniffles. Of course, I'm going to be safe

1359
01:04:33,840 --> 01:04:36,400
Speaker 8: around my colleagues and everything. And you wash my hands.

1360
01:04:36,400 --> 01:04:39,920
Speaker 8: But I think I can work today. I got it

1361
01:04:39,960 --> 01:04:40,240
Speaker 8: at all.

1362
01:04:40,600 --> 01:04:42,880
Speaker 1: Yeah, you spend a long more time, the more time

1363
01:04:42,880 --> 01:04:44,959
Speaker 1: in the shower, less exposure to germs and other people.

1364
01:04:45,040 --> 01:04:47,760
Speaker 1: Yet you just wash it in the shower all day.

1365
01:04:47,800 --> 01:04:48,760
Speaker 1: You're not going to get sick.

1366
01:04:49,040 --> 01:04:50,920
Speaker 8: Well, why don't you bring your shower with you? I

1367
01:04:50,960 --> 01:04:53,320
Speaker 8: expect you to expected to see a.

1368
01:04:53,280 --> 01:04:57,320
Speaker 1: Tug and just carrying around that shower cloud following me

1369
01:04:57,360 --> 01:05:01,439
Speaker 1: around side. Shave A Kramatis series are Resident Physician and

1370
01:05:01,560 --> 01:05:04,800
Speaker 1: also Health and Fitness. We're talking about the new trend

1371
01:05:04,800 --> 01:05:07,440
Speaker 1: and well maybe not new trend, but the cold bath thing,

1372
01:05:07,520 --> 01:05:10,360
Speaker 1: and and also cryo therapy, and it claims it to

1373
01:05:10,400 --> 01:05:12,919
Speaker 1: boosts your immune system, which doesn't look like it's true. Also,

1374
01:05:12,960 --> 01:05:15,240
Speaker 1: weight loss is one too. I mean, it's kind of

1375
01:05:15,240 --> 01:05:18,280
Speaker 1: like drinking cold cold water, drinking ice water stimulate your

1376
01:05:18,480 --> 01:05:20,920
Speaker 1: your but how much like a couple calories? It can't be.

1377
01:05:21,040 --> 01:05:23,320
Speaker 1: There's no prolonged you're pretty close to, right, a couple

1378
01:05:23,360 --> 01:05:23,800
Speaker 1: of calories.

1379
01:05:23,880 --> 01:05:27,240
Speaker 8: Yeah, So the thought is it activates your brown fat,

1380
01:05:27,840 --> 01:05:30,800
Speaker 8: which we all have, and if that brown fat is activated,

1381
01:05:30,840 --> 01:05:34,600
Speaker 8: it melts away. So the thought is with prolonged exposure,

1382
01:05:34,760 --> 01:05:36,800
Speaker 8: that will burn away more.

1383
01:05:36,600 --> 01:05:37,720
Speaker 1: Because it's activated.

1384
01:05:38,080 --> 01:05:40,120
Speaker 8: Really, what it amounts to is like one hundred to

1385
01:05:40,160 --> 01:05:44,000
Speaker 8: two hundred calories probably, but not a ton. And you know,

1386
01:05:44,040 --> 01:05:46,440
Speaker 8: there's other things we could be doing, and in fact,

1387
01:05:46,480 --> 01:05:48,880
Speaker 8: like taking a walk that could do the exact same right,

1388
01:05:49,880 --> 01:05:50,640
Speaker 8: with less danger.

1389
01:05:51,560 --> 01:05:53,360
Speaker 1: Yeah, but you're actually gonna walk as supposed if I

1390
01:05:53,440 --> 01:05:54,400
Speaker 1: just take a cold bath.

1391
01:05:55,800 --> 01:05:57,920
Speaker 8: We love a good hack, you know, and we as

1392
01:05:57,920 --> 01:05:59,840
Speaker 8: a society love a good hack, but at the end

1393
01:05:59,840 --> 01:06:00,840
Speaker 8: of the day, it's the basics.

1394
01:06:01,120 --> 01:06:03,080
Speaker 1: Just take a shower, eat a pizza at the same time.

1395
01:06:03,080 --> 01:06:05,240
Speaker 1: But like cancels. Have you ever tried it? Cancels it out? No,

1396
01:06:05,320 --> 01:06:10,640
Speaker 1: but they're encouraged have beer shower, but pizza shower. Different story. Also,

1397
01:06:10,680 --> 01:06:13,480
Speaker 1: I would imagine the anti aging thing is probably a

1398
01:06:13,520 --> 01:06:17,120
Speaker 1: little overdone that people tend to use cold showers. Is

1399
01:06:17,120 --> 01:06:18,840
Speaker 1: that more of the fact that like, well, if you're

1400
01:06:18,880 --> 01:06:20,640
Speaker 1: doing this in the first place, you're probably living a

1401
01:06:20,640 --> 01:06:21,720
Speaker 1: fairly healthy lifestyle.

1402
01:06:21,920 --> 01:06:24,479
Speaker 8: Yeah, I mean we talk about confounders all the time.

1403
01:06:24,840 --> 01:06:27,040
Speaker 8: You know, the people are cold showering are probably doing

1404
01:06:27,080 --> 01:06:29,480
Speaker 8: other things to make sure they stay alive. And it's

1405
01:06:29,520 --> 01:06:32,480
Speaker 8: just one more thing that being said in the in

1406
01:06:32,520 --> 01:06:38,280
Speaker 8: that Norwegians or Netherlands study, the people who did the

1407
01:06:38,280 --> 01:06:40,800
Speaker 8: cold plunge or did a cold shower after their warm

1408
01:06:40,840 --> 01:06:45,880
Speaker 8: shower and exercise regularly, they had fifty percent less sick

1409
01:06:45,960 --> 01:06:49,360
Speaker 8: days called in And so, you know, as opposed to

1410
01:06:49,560 --> 01:06:52,160
Speaker 8: just exercise or just cold plunge, this is actually the

1411
01:06:52,200 --> 01:06:54,120
Speaker 8: group with the most So the more things you can

1412
01:06:54,160 --> 01:06:57,400
Speaker 8: do to stay healthy, uh, the better. And that seems

1413
01:06:57,440 --> 01:07:00,440
Speaker 8: like basic stuff but the evidence show what was it

1414
01:07:00,680 --> 01:07:03,480
Speaker 8: that being said? Again, you know, if you're not exercising

1415
01:07:03,640 --> 01:07:05,800
Speaker 8: this the cold plunge thing. You know, if you're not

1416
01:07:06,000 --> 01:07:08,520
Speaker 8: if you're not eating healthy, if you're not sleeping well,

1417
01:07:08,560 --> 01:07:10,640
Speaker 8: if you're not reducing your stress, the cold plunge stuff

1418
01:07:10,680 --> 01:07:14,080
Speaker 8: is like peanuts. Yeah, you really want to focus still

1419
01:07:14,680 --> 01:07:17,200
Speaker 8: on on the core stuff and then this is extra

1420
01:07:17,240 --> 01:07:19,320
Speaker 8: stuff if you have the time and ability. But again,

1421
01:07:19,760 --> 01:07:22,280
Speaker 8: just adding it to the end of your shower is

1422
01:07:22,360 --> 01:07:23,720
Speaker 8: probably the easiest way to do it.

1423
01:07:23,960 --> 01:07:27,520
Speaker 1: Yeah, why is it we would go, oh, man, a

1424
01:07:27,600 --> 01:07:29,600
Speaker 1: nice hot tup is great, but getting in cold water

1425
01:07:29,680 --> 01:07:31,120
Speaker 1: very few people want to do that. What is it

1426
01:07:31,160 --> 01:07:33,560
Speaker 1: about the way humans are built that wou'd rather be

1427
01:07:33,680 --> 01:07:35,040
Speaker 1: warm and warm water than cold water?

1428
01:07:35,080 --> 01:07:37,520
Speaker 8: Well, I think you know the thing is getting into

1429
01:07:37,520 --> 01:07:40,280
Speaker 8: cold water. It's a true shock to the system. It's

1430
01:07:40,320 --> 01:07:42,360
Speaker 8: a stress to the system where all of a sudden,

1431
01:07:42,400 --> 01:07:44,120
Speaker 8: again your heart rain and blood pressure go up, your

1432
01:07:44,120 --> 01:07:47,439
Speaker 8: flight or flight goes crazy as opposed to warm water,

1433
01:07:47,440 --> 01:07:50,920
Speaker 8: which is soothing, relaxing, and that does the same thing

1434
01:07:50,960 --> 01:07:52,800
Speaker 8: to your muscles. You know, your muscles tense up in

1435
01:07:52,840 --> 01:07:55,680
Speaker 8: the cold, whereas in heat they're just going to relax.

1436
01:07:55,720 --> 01:07:57,920
Speaker 8: And your brain's going to relax and everything's going to relax.

1437
01:07:58,080 --> 01:08:01,000
Speaker 1: Right, Yeah, it's it's more calming, I guess than tensing. Weder.

1438
01:08:01,040 --> 01:08:03,440
Speaker 1: They common intense. We love contents already. I don't know

1439
01:08:03,480 --> 01:08:04,880
Speaker 1: what we're talking about this. We just suffered for the

1440
01:08:04,920 --> 01:08:07,400
Speaker 1: last what month of subzero temperatures. You want to you

1441
01:08:07,440 --> 01:08:09,640
Speaker 1: want to cold bath? Just go outside, go start trying

1442
01:08:09,640 --> 01:08:12,200
Speaker 1: to take one deep breath, Start to start your car.

1443
01:08:12,600 --> 01:08:15,960
Speaker 1: He's a son Jay Shavcremani. He's a physician also our

1444
01:08:15,960 --> 01:08:18,360
Speaker 1: health and fitness guru on the Scott Sloan Show at

1445
01:08:18,600 --> 01:08:21,000
Speaker 1: Dinewell Dock. We'll talk next Thursday. Appreciate you, thanks so much.

1446
01:08:21,000 --> 01:08:23,840
Speaker 1: How about a news update. Let's do that and more

1447
01:08:23,840 --> 01:08:26,000
Speaker 1: to follow here afterwards. Scott's Loan Show Home the Red

1448
01:08:26,000 --> 01:08:26,920
Speaker 1: seven hundred WTW.

1449
01:08:27,040 --> 01:08:31,920
Speaker 6: Since then, all right, here I goes long back, got

1450
01:08:31,960 --> 01:08:33,240
Speaker 6: seven hundred WLW.

1451
01:08:33,400 --> 01:08:35,880
Speaker 3: We have a record at five credit card debts.

1452
01:08:36,439 --> 01:08:37,960
Speaker 1: The average household.

1453
01:08:37,520 --> 01:08:41,080
Speaker 9: In Ohio, Kentucky can carry about sixty three one hundred

1454
01:08:41,080 --> 01:08:46,120
Speaker 9: dollars per household on average stom So the President proposing

1455
01:08:46,400 --> 01:08:51,520
Speaker 9: a ten percent future three camp Now that sounds like good, populous.

1456
01:08:51,240 --> 01:08:55,120
Speaker 1: Middle finger fu to banks. But this could actually hurt

1457
01:08:55,120 --> 01:08:57,559
Speaker 1: those it intends to help by putting a cap on

1458
01:08:58,160 --> 01:09:01,639
Speaker 1: how much credit card companies can check to use their money.

1459
01:09:01,680 --> 01:09:03,320
Speaker 1: Kerriy Scheffler is here. She used to be with a

1460
01:09:03,360 --> 01:09:05,519
Speaker 1: political in the Hill. She's now a senior policy analyst

1461
01:09:05,720 --> 01:09:08,040
Speaker 1: at the Independent Women's Form. Kerry welcome, How are you.

1462
01:09:09,560 --> 01:09:09,800
Speaker 3: Here?

1463
01:09:09,960 --> 01:09:11,320
Speaker 5: I'm great, Thanks for having me.

1464
01:09:11,400 --> 01:09:15,000
Speaker 1: Yeah, so it's kind of funny. I mean, the right

1465
01:09:15,280 --> 01:09:17,800
Speaker 1: got all worked up about Mamdani in New York City

1466
01:09:17,800 --> 01:09:19,960
Speaker 1: with rent price control, that scheme in New York which

1467
01:09:19,960 --> 01:09:22,760
Speaker 1: has been tried and broken, because well then you just

1468
01:09:22,800 --> 01:09:25,880
Speaker 1: have empty buildings. And we saw what happened in the

1469
01:09:25,880 --> 01:09:28,679
Speaker 1: seventies in New York City. If you're called that or

1470
01:09:29,120 --> 01:09:31,400
Speaker 1: our student of history of that, you see what happens

1471
01:09:31,400 --> 01:09:34,000
Speaker 1: when you try. Our government tries to artificial control prices.

1472
01:09:34,720 --> 01:09:37,160
Speaker 1: And I think conservatives are right to look at that

1473
01:09:37,200 --> 01:09:39,400
Speaker 1: and go, well, that's a bad and horrible idea. Is

1474
01:09:39,439 --> 01:09:41,880
Speaker 1: it hypocritical not to call out the same here, because

1475
01:09:41,960 --> 01:09:44,439
Speaker 1: price controls are price control. Isn't it a price control?

1476
01:09:46,240 --> 01:09:50,000
Speaker 5: You're right, it is a price control. It's constraining the

1477
01:09:51,000 --> 01:09:55,120
Speaker 5: market forces and the market signals, because that's what a

1478
01:09:55,200 --> 01:09:59,599
Speaker 5: credit card interest rate is really a signal to the borrower,

1479
01:10:00,120 --> 01:10:06,600
Speaker 5: signal also to the lender about the credit worthiness or

1480
01:10:06,600 --> 01:10:10,040
Speaker 5: the credit history, and all of the components in coming

1481
01:10:10,120 --> 01:10:13,080
Speaker 5: up with a credit rate and a credit offer, and

1482
01:10:13,400 --> 01:10:16,840
Speaker 5: you're basically distorting that by putting this interest rate up.

1483
01:10:17,240 --> 01:10:20,400
Speaker 5: And look like you said, this is a I think

1484
01:10:20,400 --> 01:10:24,639
Speaker 5: it has good intentions. I think the desire to help

1485
01:10:24,680 --> 01:10:28,599
Speaker 5: people who are struggling financially the good desire. The problem,

1486
01:10:28,840 --> 01:10:31,920
Speaker 5: there's going to be a lot of unintended consequences if

1487
01:10:31,960 --> 01:10:35,000
Speaker 5: this happens federally, because we've already seen this at the

1488
01:10:35,040 --> 01:10:37,040
Speaker 5: state level, because some states have already tried this.

1489
01:10:38,560 --> 01:10:41,280
Speaker 1: Yeah, it's nothing new. I would think the biggest one

1490
01:10:41,280 --> 01:10:44,960
Speaker 1: would probably be a credit desert occurring. Right, So, if

1491
01:10:45,000 --> 01:10:47,959
Speaker 1: you're low to middle income in your first time bower,

1492
01:10:48,400 --> 01:10:50,479
Speaker 1: you could wind up losing your credit line entirely, right,

1493
01:10:50,520 --> 01:10:52,519
Speaker 1: because they don't want to take that risk because they're

1494
01:10:52,520 --> 01:10:55,080
Speaker 1: not going to get their money back because they can't

1495
01:10:55,120 --> 01:10:56,160
Speaker 1: charge an IRPR.

1496
01:10:58,160 --> 01:11:02,000
Speaker 5: You're exactly right. And we saw for example in Illinois

1497
01:11:02,320 --> 01:11:06,120
Speaker 5: where they did put an interest rate cap, and what

1498
01:11:06,320 --> 01:11:09,400
Speaker 5: ended up happening is that fewer people were able to

1499
01:11:09,439 --> 01:11:12,439
Speaker 5: get access to loans and more people who were shifted

1500
01:11:12,479 --> 01:11:16,439
Speaker 5: into the dangerous black market. And so if the intention

1501
01:11:16,560 --> 01:11:19,559
Speaker 5: is to protect people, it has the unintended consequence of

1502
01:11:19,600 --> 01:11:23,440
Speaker 5: actually putting people into more harmful types of lending products.

1503
01:11:23,720 --> 01:11:28,160
Speaker 5: So the the and and the thing is it's not

1504
01:11:28,520 --> 01:11:31,439
Speaker 5: This isn't just for the poorest families. And I say

1505
01:11:31,439 --> 01:11:34,080
Speaker 5: this as someone who was When I was a child,

1506
01:11:34,120 --> 01:11:36,160
Speaker 5: we were homeless. My brother was born in a tent.

1507
01:11:36,680 --> 01:11:39,280
Speaker 5: My dad used to have to go to pawn shops

1508
01:11:39,280 --> 01:11:41,680
Speaker 5: in order to get loans. He had to pawn his

1509
01:11:42,120 --> 01:11:45,400
Speaker 5: watch or his ring just to feed us. This isn't

1510
01:11:45,439 --> 01:11:49,080
Speaker 5: a great situation for poor people, but for anyone who's listening,

1511
01:11:49,320 --> 01:11:52,679
Speaker 5: this is also for people who have great credit scores

1512
01:11:53,120 --> 01:11:58,519
Speaker 5: and strong finances. Because if there's a study for Ohio,

1513
01:11:58,640 --> 01:12:03,000
Speaker 5: for example, super primed cardholders, those are people with credit

1514
01:12:03,040 --> 01:12:06,360
Speaker 5: scores above seven hundred and eighty, They are also going

1515
01:12:06,400 --> 01:12:13,320
Speaker 5: to experience gative consequences. It means higher fees, reduce rewards,

1516
01:12:13,560 --> 01:12:18,160
Speaker 5: higher credit standards, lower credit limits, fewer bonus points when

1517
01:12:18,160 --> 01:12:20,680
Speaker 5: you're talking about miles and things like that. So this

1518
01:12:20,800 --> 01:12:23,760
Speaker 5: affects people across the income spectrum.

1519
01:12:24,320 --> 01:12:26,599
Speaker 1: Yeah, if I get Jennifer Garner smiling, at me one

1520
01:12:26,640 --> 01:12:29,200
Speaker 1: more time about what's in my wallet and getting these

1521
01:12:29,200 --> 01:12:31,560
Speaker 1: great rewards. And I'm traveling and beautiful people around me

1522
01:12:31,600 --> 01:12:33,800
Speaker 1: in this lounge where I'm getting steak and lobster, and

1523
01:12:33,800 --> 01:12:36,240
Speaker 1: I'm flying these exotic locations, and all I have to

1524
01:12:36,240 --> 01:12:37,720
Speaker 1: do is spend more on this card and I'll get

1525
01:12:37,720 --> 01:12:40,599
Speaker 1: those points. That's going to largely dry up, isn't it.

1526
01:12:42,120 --> 01:12:46,960
Speaker 5: Exactly? And just in general, the ability to open a

1527
01:12:47,040 --> 01:12:51,719
Speaker 5: credit card in Ohio alone, there's been an estimate based

1528
01:12:51,760 --> 01:12:56,719
Speaker 5: on study that between seventy three and eighty five percent

1529
01:12:56,920 --> 01:13:00,360
Speaker 5: of people in Ohio are going to see their credit

1530
01:13:00,360 --> 01:13:05,200
Speaker 5: lines reduced. And this is again, this happened already in

1531
01:13:05,240 --> 01:13:10,520
Speaker 5: the Illinois and there was a study comparing Illinois to Missouri,

1532
01:13:11,040 --> 01:13:13,160
Speaker 5: which did not have a rate cap, and it was

1533
01:13:13,160 --> 01:13:16,920
Speaker 5: the perfect natural experiment because their neighbors and I lived

1534
01:13:16,920 --> 01:13:20,200
Speaker 5: in Missouri, my family lives in Missouri now, so Missouri

1535
01:13:20,280 --> 01:13:23,320
Speaker 5: versus Illinois. What happens in this natural experiment with the

1536
01:13:23,400 --> 01:13:27,960
Speaker 5: rate cap in Illinois, Well, it turns out that many

1537
01:13:28,040 --> 01:13:31,880
Speaker 5: people said that their financial well being declined after this

1538
01:13:32,640 --> 01:13:35,280
Speaker 5: and seventy nine and this is according to a study

1539
01:13:35,280 --> 01:13:38,120
Speaker 5: from the Federal Reserve. So this is a government federal

1540
01:13:38,160 --> 01:13:43,400
Speaker 5: government study, and seventy nine percent of people in the

1541
01:13:43,439 --> 01:13:46,200
Speaker 5: study said that they wanted the option to return to

1542
01:13:46,240 --> 01:13:49,120
Speaker 5: their previous lender after this rate caap happened in the

1543
01:13:49,160 --> 01:13:49,919
Speaker 5: state of Illinois.

1544
01:13:50,000 --> 01:13:54,160
Speaker 1: Yeah. Yeah, she's Carrie Sheffield, and we're talking about Trump's

1545
01:13:54,200 --> 01:13:57,519
Speaker 1: proposal to cap aprs for credit cards to ten percent.

1546
01:13:57,560 --> 01:13:59,679
Speaker 1: Now that's a popular study. Sounds good, right, It's like, oh, good,

1547
01:13:59,680 --> 01:14:01,799
Speaker 1: screw the those guys, they're gouging me. But the problem

1548
01:14:01,880 --> 01:14:03,880
Speaker 1: is it's going to ruin credit for a lot of

1549
01:14:03,880 --> 01:14:06,599
Speaker 1: the people it's intending to help. And if you're also

1550
01:14:07,560 --> 01:14:09,599
Speaker 1: have a good credit score and you use your credit

1551
01:14:09,680 --> 01:14:11,879
Speaker 1: card for the points as opposed to carrying a balance,

1552
01:14:12,080 --> 01:14:14,080
Speaker 1: you're gonna get hammered that way too, because those points

1553
01:14:14,120 --> 01:14:16,479
Speaker 1: are going to kind of go away. So if they

1554
01:14:16,479 --> 01:14:18,439
Speaker 1: got to cut it to ten percent, then how do

1555
01:14:18,479 --> 01:14:20,479
Speaker 1: they make money? And not that I'm worried about the

1556
01:14:20,479 --> 01:14:22,280
Speaker 1: banks not making money. They'll find a way to make

1557
01:14:22,320 --> 01:14:25,360
Speaker 1: money carry for sure, But it squeezes both then, So

1558
01:14:25,720 --> 01:14:28,679
Speaker 1: who would their core target consumer be? Because you don't

1559
01:14:28,680 --> 01:14:31,000
Speaker 1: want the people at the low end, they're going to

1560
01:14:31,040 --> 01:14:33,320
Speaker 1: get priced out with interest rates. The people at the

1561
01:14:33,400 --> 01:14:35,840
Speaker 1: upper end that are paying their credit card every month

1562
01:14:35,880 --> 01:14:38,840
Speaker 1: are basically leeches because they're not making money off of

1563
01:14:38,880 --> 01:14:41,240
Speaker 1: us technically, and they got to give us points to

1564
01:14:41,240 --> 01:14:42,200
Speaker 1: do that. Who do they want?

1565
01:14:43,960 --> 01:14:46,120
Speaker 5: Well, they're going to increase their fees. I mean even

1566
01:14:46,160 --> 01:14:49,599
Speaker 5: a lot of people with super prime high credit scores,

1567
01:14:50,720 --> 01:14:53,320
Speaker 5: a lot of credit cards they pay annual, they charge

1568
01:14:53,360 --> 01:14:56,599
Speaker 5: annual fees for example. You're going to see those fees

1569
01:14:56,720 --> 01:15:00,720
Speaker 5: go up. You're going to see the points dropped, you're

1570
01:15:01,000 --> 01:15:05,439
Speaker 5: I mean, it's the cost goes somewhere, and uh, it's

1571
01:15:05,560 --> 01:15:09,400
Speaker 5: and it's usually a combination of consumers and companies paying

1572
01:15:09,520 --> 01:15:14,040
Speaker 5: higher prices as a result of price constraints. So uh,

1573
01:15:14,120 --> 01:15:16,320
Speaker 5: that's really what it's going to happen. And when we're

1574
01:15:16,320 --> 01:15:19,640
Speaker 5: talking about inflation, this is this is one way to

1575
01:15:19,680 --> 01:15:24,679
Speaker 5: make everything more expensive rather than here's the thing. When

1576
01:15:24,680 --> 01:15:29,679
Speaker 5: you have competition, you can naturally lower uh whatever whatever

1577
01:15:29,720 --> 01:15:33,840
Speaker 5: it is, including an interest rate, through more competition. But

1578
01:15:33,920 --> 01:15:36,280
Speaker 5: this is going to have less competition in the end

1579
01:15:36,320 --> 01:15:39,200
Speaker 5: because there'll be fewer lenders who will be able to

1580
01:15:39,360 --> 01:15:43,680
Speaker 5: enter these markets. And here's the other interesting part about it.

1581
01:15:43,720 --> 01:15:48,040
Speaker 5: When people mention, you know, a credit card interest rate,

1582
01:15:48,120 --> 01:15:53,639
Speaker 5: and it sounds astronomically high. Most people, like you mentioned,

1583
01:15:53,920 --> 01:15:57,559
Speaker 5: I mean, a lot of people don't carry balances from

1584
01:15:57,640 --> 01:16:00,840
Speaker 5: months to months. And for those who do, a lot

1585
01:16:00,840 --> 01:16:04,920
Speaker 5: of people it's only for a short period. And when

1586
01:16:04,960 --> 01:16:08,759
Speaker 5: you're talking about such a high interest rate, quite often

1587
01:16:08,840 --> 01:16:11,920
Speaker 5: it's actually for a fairly small amount. And so there's

1588
01:16:11,960 --> 01:16:15,400
Speaker 5: a thought experiment that the economist Thomas Bold did. He

1589
01:16:15,479 --> 01:16:19,479
Speaker 5: gave the example of a hotel room. If you if

1590
01:16:19,479 --> 01:16:22,240
Speaker 5: you go to a hotel and it charges you one

1591
01:16:22,320 --> 01:16:25,519
Speaker 5: hundred or two hundred three hundred bucks a night, you

1592
01:16:25,640 --> 01:16:28,920
Speaker 5: annualize that that's an insane amount. So let's say two

1593
01:16:29,000 --> 01:16:33,040
Speaker 5: hundred bucks times three hundred and sixty five days. I mean,

1594
01:16:33,040 --> 01:16:37,680
Speaker 5: that's that's just it sounds like you're totally gadging someone, right,

1595
01:16:37,720 --> 01:16:40,080
Speaker 5: But this doesn't make sense because you're only using it

1596
01:16:40,160 --> 01:16:44,840
Speaker 5: for a few nights. Maybe, So annualize that that's seventy

1597
01:16:44,880 --> 01:16:48,160
Speaker 5: three thousand dollars just for using a room. And so

1598
01:16:48,520 --> 01:16:50,400
Speaker 5: if you're going to let your hair on fire because

1599
01:16:50,400 --> 01:16:55,360
Speaker 5: someone's charging me at seventy seventy three thousand dollars annualized price.

1600
01:16:55,520 --> 01:16:56,240
Speaker 4: It's insane.

1601
01:16:56,800 --> 01:16:59,800
Speaker 5: And so most people's credit cards, and same thing with

1602
01:17:00,160 --> 01:17:03,000
Speaker 5: what they call quote unquote pay day lending. Most of

1603
01:17:03,000 --> 01:17:06,240
Speaker 5: this is short term landing, and so it sounds so

1604
01:17:06,360 --> 01:17:08,720
Speaker 5: much worse than it actually is when you actually look

1605
01:17:08,760 --> 01:17:12,080
Speaker 5: at how people use credit. And so again, study after

1606
01:17:12,160 --> 01:17:16,000
Speaker 5: study shows that when you construct a credit market, people's

1607
01:17:16,040 --> 01:17:19,320
Speaker 5: financial wellbeing goes down, their choices go down. And there's

1608
01:17:19,360 --> 01:17:21,400
Speaker 5: a lot of Hyperboleave that's not based impact.

1609
01:17:21,560 --> 01:17:24,400
Speaker 1: Well, Kerrie, if this goes through and they wind up

1610
01:17:24,600 --> 01:17:28,120
Speaker 1: capping aprs at ten percent, you know you mentioned payday lenders.

1611
01:17:28,160 --> 01:17:29,640
Speaker 1: I'm glad you did. I wanted to bring that up

1612
01:17:29,680 --> 01:17:32,479
Speaker 1: because back in the day, payday lenders here in Ohio,

1613
01:17:32,520 --> 01:17:34,400
Speaker 1: ay where were getting cracked down. It's like, oh my god,

1614
01:17:34,439 --> 01:17:37,400
Speaker 1: these are ConA confiscatory and you can't do this to

1615
01:17:37,439 --> 01:17:39,080
Speaker 1: the working man, the working men, the whole thing. And

1616
01:17:39,080 --> 01:17:41,320
Speaker 1: then they tried to clean things up. But by and large,

1617
01:17:41,320 --> 01:17:44,280
Speaker 1: people who are on the lower end of the economic scale,

1618
01:17:44,360 --> 01:17:47,439
Speaker 1: right lower middle even you know, middle income people. For example, Hey,

1619
01:17:47,439 --> 01:17:50,120
Speaker 1: you know what, I'm living paycheck Most Americans live paid well,

1620
01:17:50,200 --> 01:17:51,920
Speaker 1: not most, but a lot of Americans live in paycheck

1621
01:17:51,960 --> 01:17:56,519
Speaker 1: to paycheck, especially the younger you are. And so the

1622
01:17:56,760 --> 01:17:58,920
Speaker 1: problem is this, It's like, all right, well, I got

1623
01:17:58,920 --> 01:18:01,479
Speaker 1: to get to work, transmission goes out of my truck.

1624
01:18:02,240 --> 01:18:05,040
Speaker 1: I don't have several thousand dollars laying around. I got

1625
01:18:05,040 --> 01:18:06,880
Speaker 1: to go to the payday lender. I can't use a

1626
01:18:06,880 --> 01:18:08,880
Speaker 1: credit card, maybe they're maxed out, or maybe the credit

1627
01:18:08,880 --> 01:18:10,400
Speaker 1: card option isn't there. I can't go to a bank

1628
01:18:10,439 --> 01:18:12,439
Speaker 1: and on a collateral. I don't have a choice here

1629
01:18:12,479 --> 01:18:15,280
Speaker 1: to go to a payday lender. So we're back in

1630
01:18:15,280 --> 01:18:17,200
Speaker 1: that game again. And if we've cracked down on pay

1631
01:18:17,240 --> 01:18:19,679
Speaker 1: day lending, does that mean the rise of loan sharks?

1632
01:18:19,720 --> 01:18:22,439
Speaker 1: So maybe my job someday is like I look at

1633
01:18:22,439 --> 01:18:23,640
Speaker 1: this and go, you know what, I'm just gonna go

1634
01:18:23,640 --> 01:18:25,320
Speaker 1: in the loan shark Business'm gonna put some money out

1635
01:18:25,360 --> 01:18:27,400
Speaker 1: in the street, get a couple of head crackers out there,

1636
01:18:27,560 --> 01:18:29,760
Speaker 1: and you don't pay, I break your leg. Is it

1637
01:18:29,800 --> 01:18:30,679
Speaker 1: going to be that way again?

1638
01:18:32,760 --> 01:18:37,759
Speaker 5: That's again, that's what we see people doing. When payday lending,

1639
01:18:37,840 --> 01:18:42,120
Speaker 5: it's more foral more name it's called installment lending. When

1640
01:18:42,240 --> 01:18:46,200
Speaker 5: you go after installment lending, when you go after a

1641
01:18:46,200 --> 01:18:50,439
Speaker 5: credit card interest rates through rate caps, Yes, more people

1642
01:18:50,520 --> 01:18:55,160
Speaker 5: are forced out into the so called black market, into

1643
01:18:55,160 --> 01:19:01,400
Speaker 5: scenarios that are far more exploitative and dangerous versus having

1644
01:19:01,479 --> 01:19:04,880
Speaker 5: them in a financial system that is regulated, that is

1645
01:19:04,920 --> 01:19:09,200
Speaker 5: designed to protect the consumer. This we've seen this happen,

1646
01:19:09,560 --> 01:19:11,160
Speaker 5: and this as an analogy.

1647
01:19:12,000 --> 01:19:12,759
Speaker 2: When you look.

1648
01:19:12,600 --> 01:19:16,839
Speaker 5: At you know, I for my church, I traveled to Peru.

1649
01:19:17,600 --> 01:19:22,719
Speaker 5: There is like an insane amount of transactions that happen

1650
01:19:22,800 --> 01:19:26,759
Speaker 5: outside the financial system that is reported to the government.

1651
01:19:27,200 --> 01:19:29,519
Speaker 5: And it's because, well, there's a lot of corruption there.

1652
01:19:29,920 --> 01:19:33,400
Speaker 5: But here's the thing. We're going to see an increase

1653
01:19:33,400 --> 01:19:36,040
Speaker 5: in that here in the US if the federal government

1654
01:19:36,160 --> 01:19:40,320
Speaker 5: follows some of these states and in strict credit lending,

1655
01:19:40,560 --> 01:19:43,519
Speaker 5: there's going to be even more shifting into the black market,

1656
01:19:43,560 --> 01:19:46,240
Speaker 5: which means less tax revenue because these are transactions that

1657
01:19:46,240 --> 01:19:47,599
Speaker 5: are going to be happening in the shadows.

1658
01:19:47,680 --> 01:19:50,519
Speaker 1: Yep, yep, yeah, exactly, You're going to create a bigger body.

1659
01:19:50,520 --> 01:19:54,839
Speaker 1: So anytime you prohibit or you know, artificially doctor something

1660
01:19:55,360 --> 01:19:57,720
Speaker 1: in this case it's a it's rate caaps, you're going

1661
01:19:57,720 --> 01:20:00,320
Speaker 1: to create a black market for it, which under minds

1662
01:20:00,320 --> 01:20:03,439
Speaker 1: everything because there's no transparency and it's not secure. It's

1663
01:20:03,479 --> 01:20:06,840
Speaker 1: also extremely dangerous as well. So this is the Trump

1664
01:20:07,000 --> 01:20:10,559
Speaker 1: proposal to cap interest rates on credit cards at ten

1665
01:20:10,600 --> 01:20:13,439
Speaker 1: percent of the annual fee ten percent. That's the worst

1666
01:20:13,479 --> 01:20:15,479
Speaker 1: case scenario. The best case is, oh yeah, I know,

1667
01:20:15,560 --> 01:20:18,240
Speaker 1: people are going to be able to afford to live again.

1668
01:20:18,520 --> 01:20:20,360
Speaker 1: You know, that doesn't address the core issue in that

1669
01:20:20,400 --> 01:20:23,080
Speaker 1: as affordability. For sure. This kind of plays into it,

1670
01:20:23,120 --> 01:20:27,000
Speaker 1: but it treats the user end and the diagnosis and

1671
01:20:27,040 --> 01:20:29,040
Speaker 1: not really the cause and the symptoms of this whole thing.

1672
01:20:29,640 --> 01:20:33,040
Speaker 1: How many politicians? Where's Congress on this whole thing? Is

1673
01:20:33,080 --> 01:20:35,320
Speaker 1: there bipartisan support for it? Or is it pretty much?

1674
01:20:35,600 --> 01:20:37,400
Speaker 1: Because it seems like he was when you work with

1675
01:20:38,040 --> 01:20:40,599
Speaker 1: Elizabeth Warren, I think Watson wanted to push this. Gavin

1676
01:20:40,640 --> 01:20:42,680
Speaker 1: Newsoon wanted to push things like this as well too,

1677
01:20:42,760 --> 01:20:45,960
Speaker 1: and they were criticized during the election. And now we're

1678
01:20:45,960 --> 01:20:48,639
Speaker 1: talking about proposing it. So who's forward in Washington.

1679
01:20:50,560 --> 01:20:54,799
Speaker 5: We're definitely Democrats who are supporting this, including Bernie Sanders

1680
01:20:54,960 --> 01:20:58,559
Speaker 5: in the Senate, and there are some Senate Republicans who

1681
01:20:58,640 --> 01:20:59,760
Speaker 5: are starting.

1682
01:20:59,439 --> 01:21:00,680
Speaker 2: To go for this.

1683
01:21:01,479 --> 01:21:05,440
Speaker 5: And I think again we we it's good to acknowledge

1684
01:21:05,520 --> 01:21:10,120
Speaker 5: the intention that good intentions do not equal good outcomes,

1685
01:21:10,400 --> 01:21:12,840
Speaker 5: and we're not over and over. I mean, the whole

1686
01:21:12,920 --> 01:21:18,720
Speaker 5: socialist experiment is good intentions that have disastrous outcomes. So

1687
01:21:19,000 --> 01:21:22,760
Speaker 5: we really need to look at this from you know what,

1688
01:21:22,760 --> 01:21:27,280
Speaker 5: what are the better angels of our nature to solve

1689
01:21:27,360 --> 01:21:31,160
Speaker 5: the affordability problem for families? And the Trump adminstration is

1690
01:21:31,200 --> 01:21:34,599
Speaker 5: doing amazing things forward that end, and that's those are

1691
01:21:34,600 --> 01:21:38,120
Speaker 5: the things that we need to see more in our economy.

1692
01:21:38,200 --> 01:21:42,000
Speaker 5: For example, in the regulations. Last year, President Trump put

1693
01:21:42,000 --> 01:21:44,840
Speaker 5: in an executive order that if any agency wanted to

1694
01:21:44,880 --> 01:21:49,240
Speaker 5: create one regulation, they had to ten regulations before they

1695
01:21:49,240 --> 01:21:53,240
Speaker 5: could do that. And it's it's phenomenal because it unleashes

1696
01:21:53,600 --> 01:21:58,360
Speaker 5: competition and unleashes innovation. And you know what's really interesting

1697
01:21:58,439 --> 01:22:00,680
Speaker 5: is that in the United States, for exams, we have

1698
01:22:01,840 --> 01:22:05,800
Speaker 5: such a more dynamic system economically compared to the rest

1699
01:22:05,800 --> 01:22:10,439
Speaker 5: of the world. We hit a stock market high last week.

1700
01:22:10,479 --> 01:22:19,200
Speaker 5: It's fifty thousands for a doubt. The US market capitalization

1701
01:22:19,520 --> 01:22:23,120
Speaker 5: for our companies here in the US, for our publicly

1702
01:22:23,160 --> 01:22:27,479
Speaker 5: traded companies, it's worth more than seventy trillion dollars. To

1703
01:22:27,479 --> 01:22:30,400
Speaker 5: put that in perspective, the European Union is only fifteen

1704
01:22:30,439 --> 01:22:34,320
Speaker 5: point seven trillions for the entire European Union, China is

1705
01:22:34,360 --> 01:22:38,800
Speaker 5: only eleven trillion. Japan less than seven trillions, So we

1706
01:22:38,840 --> 01:22:42,960
Speaker 5: are orders of magnitudes above any other country in the

1707
01:22:43,000 --> 01:22:46,360
Speaker 5: world when it comes to our economy and our innovation,

1708
01:22:46,479 --> 01:22:49,559
Speaker 5: and a big part of that is through what they

1709
01:22:49,560 --> 01:22:55,200
Speaker 5: call animal spirits in economics, which means competition driving down prices.

1710
01:22:55,520 --> 01:22:58,280
Speaker 5: And credit card rate caps are the opposite of that.

1711
01:22:58,439 --> 01:23:02,040
Speaker 5: So I think it's important again not to shame anybody

1712
01:23:02,080 --> 01:23:04,960
Speaker 5: for a good intention, but to just really focus on

1713
01:23:05,120 --> 01:23:07,080
Speaker 5: what is working and let's do more of that.

1714
01:23:07,720 --> 01:23:09,679
Speaker 1: Well, yeah, you know, granted, and you know the idea

1715
01:23:09,720 --> 01:23:12,519
Speaker 1: that the two sides are Trump is the greatest thing ever.

1716
01:23:12,560 --> 01:23:14,599
Speaker 1: He makes no mistakes and if it is, it's somebody

1717
01:23:14,640 --> 01:23:17,360
Speaker 1: else's fault. And the other side is he's evil. He's

1718
01:23:17,360 --> 01:23:19,880
Speaker 1: a manipulative genius at the same time the dumbest man

1719
01:23:19,920 --> 01:23:21,200
Speaker 1: ever to hold the presidency. I don't know how he

1720
01:23:21,200 --> 01:23:22,800
Speaker 1: could be a genius and dumb at the same time.

1721
01:23:22,800 --> 01:23:25,720
Speaker 1: But those are the the tired narratives that they fire

1722
01:23:25,760 --> 01:23:27,960
Speaker 1: right and the far left. The real reality is is

1723
01:23:28,560 --> 01:23:30,559
Speaker 1: I look at this policy, and you're right, there are

1724
01:23:30,600 --> 01:23:33,080
Speaker 1: policies that he's enacted and more for that matter, that

1725
01:23:33,160 --> 01:23:35,559
Speaker 1: are putting us on the right track. It's not catching

1726
01:23:35,640 --> 01:23:37,719
Speaker 1: up when you do know, the tariff thing, for example,

1727
01:23:37,720 --> 01:23:39,479
Speaker 1: that's a long slow burn. I don't know if we've

1728
01:23:39,520 --> 01:23:41,200
Speaker 1: got the patience for it. I don't know, quite honestly

1729
01:23:41,200 --> 01:23:43,760
Speaker 1: at this point how much more we should pursue it,

1730
01:23:43,800 --> 01:23:47,320
Speaker 1: because it's driving costs up as well, among other factors. Now,

1731
01:23:47,680 --> 01:23:49,400
Speaker 1: Wall Street and Main Street, as you know, are two

1732
01:23:49,439 --> 01:23:52,200
Speaker 1: different things entirely. But I'm looking at some of these policies.

1733
01:23:52,200 --> 01:23:53,680
Speaker 1: This one just doesn't make any sense to me. It

1734
01:23:53,680 --> 01:23:57,200
Speaker 1: seems counterintuitive and shooting yourself in the foot. It sounds good,

1735
01:23:57,439 --> 01:23:59,439
Speaker 1: but once you scratch the surface, it's terrible.

1736
01:24:01,680 --> 01:24:04,479
Speaker 5: Yeah, And there are so many other ways. One thing

1737
01:24:04,560 --> 01:24:08,680
Speaker 5: that we are working on at Independent Women's Voice is

1738
01:24:08,880 --> 01:24:11,120
Speaker 5: we are in the process of putting together our Commons

1739
01:24:11,160 --> 01:24:16,160
Speaker 5: drive to support the Trump's Department of Labor because last

1740
01:24:16,200 --> 01:24:20,000
Speaker 5: year President Trump issued in executive order to allow for

1741
01:24:20,280 --> 01:24:24,439
Speaker 5: one case to invest in private equity, which means private

1742
01:24:24,479 --> 01:24:28,640
Speaker 5: real estate deals, startup deals that are private deals that

1743
01:24:28,680 --> 01:24:32,439
Speaker 5: are outside the publicly trained stock market, to allow for

1744
01:24:32,600 --> 01:24:35,400
Speaker 5: one case, which means private sector workers to be able

1745
01:24:35,400 --> 01:24:38,400
Speaker 5: to access these deals. And we think it's great because

1746
01:24:38,520 --> 01:24:42,240
Speaker 5: it will, as you to your point, tear down that

1747
01:24:42,360 --> 01:24:46,160
Speaker 5: wall between Wall Street and Main Street and have more

1748
01:24:46,600 --> 01:24:50,200
Speaker 5: ownership by people in the private sector. Because currently these

1749
01:24:50,240 --> 01:24:54,240
Speaker 5: private equity deals they are accessible to public sector pensions,

1750
01:24:54,320 --> 01:24:58,360
Speaker 5: which means we well connected government workers already have access

1751
01:24:58,360 --> 01:25:02,240
Speaker 5: to these deals as well as a credited investors, which

1752
01:25:02,240 --> 01:25:05,439
Speaker 5: are high net worth individuals making above a certain threshold.

1753
01:25:06,600 --> 01:25:10,559
Speaker 5: Trump wants to bring that wall down between Wall Street

1754
01:25:10,560 --> 01:25:12,240
Speaker 5: and Main Street when it comes to private equity, and

1755
01:25:12,280 --> 01:25:16,400
Speaker 5: private equity has a long track record of a higher return.

1756
01:25:16,960 --> 01:25:21,559
Speaker 5: And when you bring in a different asset crossed into

1757
01:25:21,560 --> 01:25:23,960
Speaker 5: your four one kke, that also improves the safety of

1758
01:25:23,960 --> 01:25:26,439
Speaker 5: it because you have more diversification. And that's one of

1759
01:25:26,479 --> 01:25:28,280
Speaker 5: the first rules investing is to diversify.

1760
01:25:28,560 --> 01:25:30,840
Speaker 1: Yeah, I mean there's higher risk, but also I mean

1761
01:25:30,880 --> 01:25:33,000
Speaker 1: it's higher reward but also higher risk along that too

1762
01:25:33,000 --> 01:25:35,800
Speaker 1: when you're dealing with private equity. But the buyer has

1763
01:25:35,840 --> 01:25:37,800
Speaker 1: to beware. It's it's my money, and I choose to

1764
01:25:37,800 --> 01:25:41,240
Speaker 1: invest it no matter how conservative or risk averse I am.

1765
01:25:41,760 --> 01:25:44,280
Speaker 1: There's always an alternative that as well. That's how it works. Again.

1766
01:25:44,800 --> 01:25:47,760
Speaker 1: She is Karrie Sheffield over at Independent Women's form of this.

1767
01:25:48,040 --> 01:25:49,680
Speaker 1: Thanks again, care, I appreciate.

1768
01:25:49,240 --> 01:25:51,400
Speaker 5: It, Thanks for having me.

1769
01:25:51,479 --> 01:25:53,639
Speaker 1: God bless take care. We got a news update coming

1770
01:25:53,680 --> 01:25:56,680
Speaker 1: up in just minutes on seven hundred WLW the very

1771
01:25:56,760 --> 01:25:59,799
Speaker 1: latest on what's going on with Savannah Guthrie's mom, Nancy Guthrie.

1772
01:25:59,840 --> 01:26:03,000
Speaker 1: That a little bit more evidence. Hopefully that brings us

1773
01:26:03,000 --> 01:26:05,160
Speaker 1: thing to conclusion, and a positive one at that. We'll

1774
01:26:05,160 --> 01:26:07,519
Speaker 1: get full details coming up. Any big warm up continues

1775
01:26:07,520 --> 01:26:10,280
Speaker 1: here in Cincinnati. Added more in news five minutes away

1776
01:26:10,320 --> 01:26:11,080
Speaker 1: seven hundred.

1777
01:26:13,240 --> 01:26:13,839
Speaker 7: The bells.

1778
01:26:14,920 --> 01:26:17,920
Speaker 1: Do you hear the bells? It could only mean one thing.

1779
01:26:18,680 --> 01:26:22,920
Speaker 6: It's real estate time with Michelle Sloane, Remax time agent

1780
01:26:23,040 --> 01:26:27,439
Speaker 6: and proud proprietor of sloan sellshomes dot com. Heed her

1781
01:26:27,479 --> 01:26:33,000
Speaker 6: words or face her wrath on seven hundred wl WI.

1782
01:26:33,920 --> 01:26:34,519
Speaker 1: Good morning.

1783
01:26:34,960 --> 01:26:39,400
Speaker 7: Are we going to fight about dishes? I'm ready.

1784
01:26:39,439 --> 01:26:42,920
Speaker 1: You don't need them because we've got high speed internet,

1785
01:26:43,080 --> 01:26:44,320
Speaker 1: so you don't need a satellite dish.

1786
01:26:45,240 --> 01:26:46,880
Speaker 7: Shush. Oh my gosh.

1787
01:26:47,000 --> 01:26:49,479
Speaker 10: You would think after three hundred and seventy years of.

1788
01:26:49,520 --> 01:26:52,120
Speaker 7: Marriage, no longer than that, there wouldn't be.

1789
01:26:55,360 --> 01:26:58,200
Speaker 10: There wouldn't be anything for us to really fight about.

1790
01:26:58,920 --> 01:27:03,519
Speaker 10: But there is one issue where we just cannot not

1791
01:27:04,640 --> 01:27:11,200
Speaker 10: agree on, and it's dishes. How to dry dishes if

1792
01:27:11,240 --> 01:27:17,040
Speaker 10: they're not in the dishwasher, right, you will tend to

1793
01:27:17,360 --> 01:27:20,960
Speaker 10: wash them and put them on the right side of

1794
01:27:21,000 --> 01:27:22,639
Speaker 10: the sink to drip dry.

1795
01:27:22,800 --> 01:27:27,200
Speaker 1: Now, stand by, those aren't dishes, if you notice. When

1796
01:27:27,240 --> 01:27:34,200
Speaker 1: I do the dishes, okay, dishes, oversized pans, cutting boards,

1797
01:27:34,360 --> 01:27:37,679
Speaker 1: things like that, I will put them on the side

1798
01:27:37,720 --> 01:27:39,800
Speaker 1: to just kind of drip dry, and then eventually you

1799
01:27:39,920 --> 01:27:42,240
Speaker 1: just touel them off, get get the stains off, and

1800
01:27:42,240 --> 01:27:44,120
Speaker 1: then you just put them away. You will lay a

1801
01:27:44,160 --> 01:27:45,800
Speaker 1: towel out on the counter and then put them to

1802
01:27:45,920 --> 01:27:48,760
Speaker 1: glasses and everything down. And then what happens is you know,

1803
01:27:49,080 --> 01:27:51,240
Speaker 1: drips seat hold on. I'm giving you my side of it.

1804
01:27:51,280 --> 01:27:53,400
Speaker 1: Then I want to hear your side. Environment is you

1805
01:27:53,400 --> 01:27:55,439
Speaker 1: put then you put the glass down on the thing.

1806
01:27:55,439 --> 01:27:57,599
Speaker 1: It drips down good, and then that water sits there

1807
01:27:57,960 --> 01:28:00,719
Speaker 1: and then it makes the glass stinky because because it

1808
01:28:00,760 --> 01:28:02,559
Speaker 1: gets kind of moldy and musty, and so you got

1809
01:28:02,600 --> 01:28:03,719
Speaker 1: to clean them all over again.

1810
01:28:04,080 --> 01:28:05,439
Speaker 7: It's not there that long.

1811
01:28:05,800 --> 01:28:08,040
Speaker 1: Yeah, they are. I did so my job. I did

1812
01:28:08,080 --> 01:28:11,120
Speaker 1: dishes on Sunday because I cooked meals for you because

1813
01:28:11,120 --> 01:28:13,679
Speaker 1: you're an invalid. And the thanks I get is while

1814
01:28:13,680 --> 01:28:15,040
Speaker 1: they're on that say, if you put them in there,

1815
01:28:15,080 --> 01:28:17,360
Speaker 1: I'm not put them on a way like, oh okay, well,

1816
01:28:17,360 --> 01:28:19,040
Speaker 1: then I'm going to go in and get the fork

1817
01:28:19,080 --> 01:28:20,559
Speaker 1: that I used out of the dish one, I take

1818
01:28:20,600 --> 01:28:22,320
Speaker 1: the dishwasher out. I'm just going to get the things

1819
01:28:22,400 --> 01:28:24,599
Speaker 1: I used and put it. If you want to be roommates,

1820
01:28:24,640 --> 01:28:29,880
Speaker 1: then separating dishes. Now, some people have separate finances. We

1821
01:28:29,960 --> 01:28:33,040
Speaker 1: have separate dishes because you're a pain in the ass

1822
01:28:33,080 --> 01:28:33,360
Speaker 1: with it.

1823
01:28:33,680 --> 01:28:37,400
Speaker 10: No, no, seriously, how hard is it though, because when

1824
01:28:37,439 --> 01:28:40,880
Speaker 10: you set let's say you wastle glass, you set it

1825
01:28:40,960 --> 01:28:44,080
Speaker 10: on the side of the counter, on just the counter

1826
01:28:44,720 --> 01:28:48,760
Speaker 10: halfway leaking into the sink, and that glass is going

1827
01:28:48,800 --> 01:28:53,160
Speaker 10: to fall over and break. If it's on a dish towel,

1828
01:28:53,360 --> 01:28:55,840
Speaker 10: My god, what a dish towel is it won't fall

1829
01:28:55,920 --> 01:28:57,559
Speaker 10: over and break as easily.

1830
01:28:57,720 --> 01:29:00,400
Speaker 1: I ask you a question, now, who leaves bred dishes

1831
01:29:00,400 --> 01:29:02,080
Speaker 1: and glassware around the house? Mir or you?

1832
01:29:02,479 --> 01:29:05,839
Speaker 10: Oh, that's me. I will totally I will totally totally

1833
01:29:05,880 --> 01:29:06,160
Speaker 10: take you.

1834
01:29:06,200 --> 01:29:08,120
Speaker 1: Now, when I leave the glass with just a little

1835
01:29:08,160 --> 01:29:09,640
Speaker 1: bit of it over the edge so that so the

1836
01:29:09,680 --> 01:29:12,320
Speaker 1: air can flow and dry the glass out.

1837
01:29:11,800 --> 01:29:12,679
Speaker 7: Then just put it away.

1838
01:29:12,720 --> 01:29:14,280
Speaker 10: If it's such a big deal, well it's got to

1839
01:29:14,360 --> 01:29:18,599
Speaker 10: dry first, Oh god, okay, this is this is one

1840
01:29:18,600 --> 01:29:22,559
Speaker 10: of those things, a drip dry, and you should just

1841
01:29:22,600 --> 01:29:24,880
Speaker 10: get a sink rack like your mom had.

1842
01:29:25,400 --> 01:29:27,000
Speaker 7: See this is where it comes back.

1843
01:29:26,840 --> 01:29:29,320
Speaker 1: To what you put a towel down. Isn't that the

1844
01:29:29,360 --> 01:29:31,280
Speaker 1: same thing as a sink rack?

1845
01:29:32,240 --> 01:29:33,960
Speaker 7: Well, why can't you just put it on the towel

1846
01:29:33,960 --> 01:29:34,880
Speaker 7: that and make me happy?

1847
01:29:34,920 --> 01:29:38,599
Speaker 1: Because it stinks. It the same work all over again,

1848
01:29:38,680 --> 01:29:40,799
Speaker 1: and it's like the same day. You're just like repeating.

1849
01:29:40,840 --> 01:29:43,559
Speaker 1: Labor is like the dishrushers open, but you'll still put

1850
01:29:43,560 --> 01:29:46,120
Speaker 1: bolls and utensils in the sink and I'll pick them

1851
01:29:46,160 --> 01:29:47,400
Speaker 1: up and go, oh, dishrushers.

1852
01:29:47,600 --> 01:29:50,559
Speaker 10: Well, it's going to get there. Eventually, it'll get where

1853
01:29:50,560 --> 01:29:51,040
Speaker 10: it's going.

1854
01:29:52,240 --> 01:29:54,000
Speaker 1: Get on my next wife.

1855
01:29:54,360 --> 01:29:57,800
Speaker 10: Oh sorry, that tell us part maybe, and it may

1856
01:29:57,840 --> 01:30:00,240
Speaker 10: be sooner rather than lay.

1857
01:30:00,160 --> 01:30:08,920
Speaker 1: Each other, by the way, happy Valentine's Day at what towels? Good?

1858
01:30:09,280 --> 01:30:09,559
Speaker 7: Thank you.

1859
01:30:09,560 --> 01:30:11,479
Speaker 10: I'm gonna lay them all over the counters and then

1860
01:30:11,520 --> 01:30:14,200
Speaker 10: I'm gonna put the wet.

1861
01:30:14,040 --> 01:30:16,160
Speaker 1: This is one right exactly.

1862
01:30:16,720 --> 01:30:18,840
Speaker 10: Oh, for heaven's sakes, we do have real estates talk

1863
01:30:18,840 --> 01:30:22,040
Speaker 10: about though. I know that doing your dishes is part

1864
01:30:22,040 --> 01:30:23,880
Speaker 10: of real estate sort of kind of not really.

1865
01:30:23,960 --> 01:30:27,479
Speaker 1: But what if we just want the paper. We're just

1866
01:30:27,520 --> 01:30:28,120
Speaker 1: trying that.

1867
01:30:28,120 --> 01:30:32,479
Speaker 11: That's the possibility. That's an incredienty We'll just go chinae sold.

1868
01:30:32,520 --> 01:30:34,280
Speaker 11: But a lot of people just eat out every meal.

1869
01:30:34,320 --> 01:30:36,120
Speaker 11: We could do that, I suppose to somebody else's problem.

1870
01:30:36,120 --> 01:30:38,479
Speaker 11: I would now, Yeah, No, I like to cook, so

1871
01:30:38,920 --> 01:30:40,960
Speaker 11: you do like to and I like to eat your food.

1872
01:30:41,000 --> 01:30:46,160
Speaker 1: I know you do. And she yells at because I'm

1873
01:30:46,240 --> 01:30:49,639
Speaker 1: leaving the stuff up. Anyway, Let's get into real estate

1874
01:30:49,680 --> 01:30:52,720
Speaker 1: related stuff, including the Twenty first Century Act. I know

1875
01:30:52,760 --> 01:30:54,080
Speaker 1: you want to talk about that. What is that?

1876
01:30:54,120 --> 01:30:54,400
Speaker 7: I do?

1877
01:30:54,479 --> 01:30:56,720
Speaker 10: Yeah, So there's something new going on how to make

1878
01:30:56,800 --> 01:31:00,599
Speaker 10: housing more affordable. That's been the goal for the last

1879
01:31:00,800 --> 01:31:04,040
Speaker 10: I don't know, twenty years, right, But the House just

1880
01:31:04,160 --> 01:31:08,920
Speaker 10: passed a major bipartisan bill, the Housing for twenty first

1881
01:31:08,920 --> 01:31:13,960
Speaker 10: Century Act. It's pretty comprehensive. What it does is whether

1882
01:31:14,040 --> 01:31:16,720
Speaker 10: it happens or not again is sort of up in

1883
01:31:16,760 --> 01:31:19,800
Speaker 10: the air. It's going to streamline zoning and permitting to

1884
01:31:19,840 --> 01:31:23,200
Speaker 10: make building new homes easier because we have a shortage

1885
01:31:23,200 --> 01:31:27,280
Speaker 10: of homes. It's going to boost affordability of housing and

1886
01:31:27,360 --> 01:31:31,679
Speaker 10: financing grants, which also could help some development block grants

1887
01:31:31,800 --> 01:31:36,360
Speaker 10: things of that nature in zones that are determined to

1888
01:31:36,439 --> 01:31:39,880
Speaker 10: be ready to be developed, but there's just no money available.

1889
01:31:40,479 --> 01:31:45,000
Speaker 10: Modernizing federal affordability housing programs. That's going to be kind

1890
01:31:45,040 --> 01:31:47,920
Speaker 10: of a nice thing to have as an option for

1891
01:31:48,040 --> 01:31:53,519
Speaker 10: young buyers especially, and some protections for renters and buyers. Now,

1892
01:31:53,560 --> 01:31:56,479
Speaker 10: I'm always a little bit skeptical when the government gets

1893
01:31:56,479 --> 01:32:01,080
Speaker 10: involved in housing because it's not always been a good thing.

1894
01:32:02,320 --> 01:32:07,400
Speaker 10: I'm not sure that they're asking me my opinion, but

1895
01:32:07,520 --> 01:32:12,479
Speaker 10: it's definitely something that I'm glad that somebody's trying to

1896
01:32:12,520 --> 01:32:15,200
Speaker 10: do something. And I do think that the zoning and permitting,

1897
01:32:16,120 --> 01:32:19,639
Speaker 10: streamlining some of those actions and activities. Now you've got

1898
01:32:19,640 --> 01:32:21,760
Speaker 10: it at the federal level, but it does have to

1899
01:32:21,800 --> 01:32:23,800
Speaker 10: trickle down to the local level as well.

1900
01:32:23,920 --> 01:32:26,040
Speaker 1: So all right, so what does it mean for the consumer?

1901
01:32:26,080 --> 01:32:26,240
Speaker 2: Though?

1902
01:32:26,240 --> 01:32:29,240
Speaker 1: Okay, this is all good government stuff, but well, you know,

1903
01:32:29,240 --> 01:32:31,880
Speaker 1: speeding up permitting for example, or is reducing zoning. But

1904
01:32:31,920 --> 01:32:32,960
Speaker 1: what does that mean to the consumer?

1905
01:32:33,520 --> 01:32:37,519
Speaker 10: It means the possibility and again it's not a short

1906
01:32:37,640 --> 01:32:40,559
Speaker 10: term goal. It's the possibility that homes will become more

1907
01:32:40,600 --> 01:32:43,920
Speaker 10: of affordable because there are going to be incentives to

1908
01:32:44,080 --> 01:32:47,600
Speaker 10: build affordable housing, and that's really what it is. But

1909
01:32:47,680 --> 01:32:51,600
Speaker 10: I will say more housing supply will certainly be a

1910
01:32:51,640 --> 01:32:55,840
Speaker 10: benefit to buyers. It's going to reduce the barriers for

1911
01:32:56,000 --> 01:32:59,439
Speaker 10: a lot of builders, speeding up permitting. It's going to

1912
01:32:59,479 --> 01:33:02,000
Speaker 10: cause you know, it's going to create a lot of jobs,

1913
01:33:02,040 --> 01:33:05,280
Speaker 10: which is a good thing. But you know, in places

1914
01:33:05,320 --> 01:33:10,479
Speaker 10: in Ohio, Cincinnati, Columbus, we've had such tight inventory on

1915
01:33:10,520 --> 01:33:15,720
Speaker 10: those starter homes and having builders because everybody wants to

1916
01:33:15,760 --> 01:33:19,880
Speaker 10: make the most money, it does have to be a

1917
01:33:19,920 --> 01:33:25,000
Speaker 10: group effort to create a home for that is affordable

1918
01:33:25,120 --> 01:33:27,560
Speaker 10: for all. You know, the old Seer's home where you

1919
01:33:27,600 --> 01:33:29,679
Speaker 10: could buy a home for I don't know, ten thousand

1920
01:33:29,760 --> 01:33:32,240
Speaker 10: dollars or something like that. That's never going to happen again.

1921
01:33:32,479 --> 01:33:37,000
Speaker 10: But these federal incentives could be helpful. It still has

1922
01:33:37,040 --> 01:33:39,080
Speaker 10: to go to the next step. It has to go

1923
01:33:39,120 --> 01:33:41,320
Speaker 10: to the Senate, so we'll keep an eye on that.

1924
01:33:41,439 --> 01:33:43,920
Speaker 10: The other thing that is not in this bill, which

1925
01:33:43,960 --> 01:33:48,000
Speaker 10: we talked about at one point, is the investor restrictions,

1926
01:33:48,439 --> 01:33:52,160
Speaker 10: So it's not included to limit the number of homes

1927
01:33:52,160 --> 01:33:57,520
Speaker 10: that investors are able to purchase. So that's another interesting

1928
01:33:57,600 --> 01:34:01,679
Speaker 10: factor because you know, as I'm sting homes and selling homes.

1929
01:34:02,320 --> 01:34:05,760
Speaker 10: At least one or two offers that I receive are

1930
01:34:05,920 --> 01:34:11,720
Speaker 10: from institutional investors, whether or not they are large that

1931
01:34:11,800 --> 01:34:16,680
Speaker 10: own more than one hundred properties. Almost every time, if

1932
01:34:16,720 --> 01:34:20,880
Speaker 10: it's an affordable home, it will there will be an

1933
01:34:20,880 --> 01:34:24,840
Speaker 10: opportunity for an investor to buy that property because it's

1934
01:34:24,880 --> 01:34:27,360
Speaker 10: in that sweet spot. So that makes it more difficult

1935
01:34:27,400 --> 01:34:30,400
Speaker 10: for first time home buyers and buyers in a lower

1936
01:34:30,439 --> 01:34:34,519
Speaker 10: income bracket and affordability bracket. It makes it more difficult

1937
01:34:34,560 --> 01:34:37,040
Speaker 10: for them to get it because if a seller sees,

1938
01:34:37,080 --> 01:34:41,439
Speaker 10: here's a cash offer, here's a financed offer, Faha, they're

1939
01:34:41,479 --> 01:34:44,479
Speaker 10: both the exact same price. I can close on the

1940
01:34:44,520 --> 01:34:47,120
Speaker 10: cash offer in two weeks. It's going to take thirty

1941
01:34:47,200 --> 01:34:51,080
Speaker 10: days plus an inspection, plus maybe some more red tape

1942
01:34:51,320 --> 01:34:54,120
Speaker 10: to get through the one that needs financing. Which one

1943
01:34:54,120 --> 01:34:55,240
Speaker 10: are you going to pick?

1944
01:34:55,680 --> 01:34:55,920
Speaker 7: Now?

1945
01:34:55,960 --> 01:34:58,439
Speaker 10: Some sellers will say, I'm not going to sell to

1946
01:34:58,680 --> 01:35:03,000
Speaker 10: an institutional and that is the seller's right to decide.

1947
01:35:03,479 --> 01:35:07,240
Speaker 10: Even if the institutional investor is a higher price point,

1948
01:35:07,840 --> 01:35:11,280
Speaker 10: sellers do not have to accept that offer if they

1949
01:35:11,320 --> 01:35:13,040
Speaker 10: don't want to sell to them. Now, you have to

1950
01:35:13,040 --> 01:35:17,920
Speaker 10: be really careful about why you're choosing. You know, you

1951
01:35:17,960 --> 01:35:20,559
Speaker 10: got to be careful about fair housing. But if it

1952
01:35:20,600 --> 01:35:23,439
Speaker 10: comes down to it and you make a decision as

1953
01:35:23,439 --> 01:35:26,799
Speaker 10: a homeowner to sell to a person, a real person,

1954
01:35:26,920 --> 01:35:29,160
Speaker 10: and that's that's on you, you can totally do that.

1955
01:35:29,240 --> 01:35:31,840
Speaker 1: Okay, got it? No, that makes a lot of sense. Yeah,

1956
01:35:32,040 --> 01:35:33,800
Speaker 1: you hear the things. I guess on an answer to

1957
01:35:33,880 --> 01:35:35,400
Speaker 1: two things that I think are driving off the cost

1958
01:35:35,439 --> 01:35:38,120
Speaker 1: of housing because there's a barrier to entry with the money.

1959
01:35:38,400 --> 01:35:40,920
Speaker 1: This will reduce it to some degree because you're speeding

1960
01:35:41,000 --> 01:35:43,720
Speaker 1: up the permitting and zoning process and creating more usable land,

1961
01:35:43,720 --> 01:35:45,920
Speaker 1: which I think, quite honestly, the zoning laws have been

1962
01:35:46,000 --> 01:35:47,479
Speaker 1: jacked up for a long time in this country. There's

1963
01:35:47,479 --> 01:35:49,720
Speaker 1: no doubt about it. Cincinnati is allowing you to you know,

1964
01:35:49,760 --> 01:35:51,400
Speaker 1: and I think it's a good idea to take your

1965
01:35:51,920 --> 01:35:55,040
Speaker 1: freestanding garage, for example, and make that a livable using space.

1966
01:35:55,120 --> 01:35:57,360
Speaker 1: You can rent that out. You know, it's like a

1967
01:35:57,360 --> 01:36:00,880
Speaker 1: small house basically. But the cost of labor and the

1968
01:36:00,920 --> 01:36:02,960
Speaker 1: lack of labor is a huge factory and we always

1969
01:36:02,960 --> 01:36:04,880
Speaker 1: talk about that we need more people in the trades,

1970
01:36:04,920 --> 01:36:07,240
Speaker 1: and people are responding to that, but it's going to

1971
01:36:07,320 --> 01:36:09,200
Speaker 1: take a long time. For those numbers to catch up,

1972
01:36:09,280 --> 01:36:12,439
Speaker 1: because you know, people in their fifties are leaving the biz,

1973
01:36:12,479 --> 01:36:15,400
Speaker 1: fifties and sixties are leaving the business at greater rates

1974
01:36:15,400 --> 01:36:17,679
Speaker 1: and were replacing those bodies, and we're already behind because

1975
01:36:17,720 --> 01:36:20,639
Speaker 1: of that for the last several at least the last generation,

1976
01:36:20,720 --> 01:36:23,400
Speaker 1: if not too. The other element here is with tariffs

1977
01:36:23,400 --> 01:36:25,960
Speaker 1: and all that other stuff, the cost of materials is

1978
01:36:26,120 --> 01:36:29,559
Speaker 1: really really expensive too. So does what they're proposing with

1979
01:36:29,600 --> 01:36:31,600
Speaker 1: this twenty first Century Housing Act off set that.

1980
01:36:33,080 --> 01:36:36,320
Speaker 10: It's gonna only time will tell really if it passes.

1981
01:36:36,600 --> 01:36:38,639
Speaker 10: We're just going to have to wait and see how

1982
01:36:38,680 --> 01:36:41,560
Speaker 10: it affects it. And again, you can't build a house overnight.

1983
01:36:42,000 --> 01:36:44,960
Speaker 10: It's going to take months. And even though you are

1984
01:36:45,720 --> 01:36:48,439
Speaker 10: that red tape is going to you know, they're trying

1985
01:36:48,479 --> 01:36:50,160
Speaker 10: to cut a little bit of that out, so things

1986
01:36:50,160 --> 01:36:52,960
Speaker 10: are going to move a little bit quicker. We'll be

1987
01:36:53,040 --> 01:36:56,840
Speaker 10: able to see the results of this act potentially if

1988
01:36:56,880 --> 01:36:59,840
Speaker 10: it passes, maybe two or three years down the road.

1989
01:37:00,160 --> 01:37:03,160
Speaker 10: So it's nothing that's going to happen immediately. The other

1990
01:37:03,240 --> 01:37:06,880
Speaker 10: thing that the rising costs of owning a home, and

1991
01:37:07,520 --> 01:37:11,280
Speaker 10: this is really really difficult. It's hard for homeowners to swallow.

1992
01:37:11,320 --> 01:37:15,160
Speaker 10: But did you know that homeowner's insurance now makes up

1993
01:37:15,200 --> 01:37:20,519
Speaker 10: nearly ten percent of the average monthly housing payment ten percent.

1994
01:37:21,760 --> 01:37:23,760
Speaker 10: And so then on top of that, you know, you

1995
01:37:23,800 --> 01:37:27,320
Speaker 10: have your insurance, you have your utilities that we know

1996
01:37:27,560 --> 01:37:30,600
Speaker 10: are going up, the cost of utilities, We know that

1997
01:37:30,680 --> 01:37:36,680
Speaker 10: your taxes are increasing. Yes, so all of that actually

1998
01:37:37,200 --> 01:37:41,920
Speaker 10: lumped in. That's also part of the housing affordability and

1999
01:37:42,000 --> 01:37:47,000
Speaker 10: the lack thereof. And so these are issues that a

2000
01:37:47,000 --> 01:37:51,600
Speaker 10: lot of new homeowners are like, or young people especially,

2001
01:37:51,720 --> 01:37:54,920
Speaker 10: or like I'm out. You know, you have to you

2002
01:37:54,960 --> 01:37:57,559
Speaker 10: have to spend so much to have a home of

2003
01:37:57,600 --> 01:37:58,040
Speaker 10: your own.

2004
01:37:58,640 --> 01:37:59,559
Speaker 7: Why not just rent?

2005
01:38:00,280 --> 01:38:03,160
Speaker 10: And I don't have to be bogged down by all

2006
01:38:03,240 --> 01:38:06,880
Speaker 10: of the extras and if the investors want them again,

2007
01:38:06,920 --> 01:38:10,160
Speaker 10: we're in a bit of a vicious cycle. And just

2008
01:38:10,320 --> 01:38:13,519
Speaker 10: lowering the interest rates, which I know that something President

2009
01:38:13,560 --> 01:38:16,720
Speaker 10: Trump wants to do, and he's talking about lowering you know,

2010
01:38:16,880 --> 01:38:21,680
Speaker 10: lowering rates. Again, that's not going to solve all of

2011
01:38:21,720 --> 01:38:26,720
Speaker 10: the issues that homeowner's face, yes, and so you know,

2012
01:38:26,800 --> 01:38:29,200
Speaker 10: it's one of those things where we talk about it

2013
01:38:29,320 --> 01:38:31,960
Speaker 10: and I know for just the general public it's a

2014
01:38:32,120 --> 01:38:37,240
Speaker 10: really difficult pain point. But you know, you definitely. If

2015
01:38:37,280 --> 01:38:40,080
Speaker 10: you're buying a home, you have to be really careful

2016
01:38:40,439 --> 01:38:43,559
Speaker 10: because there are so many additional fees on top of

2017
01:38:43,600 --> 01:38:47,920
Speaker 10: the mortgage that will never go down. You know, as

2018
01:38:47,960 --> 01:38:50,880
Speaker 10: long as we've been on this earth, right, have you

2019
01:38:50,960 --> 01:38:55,840
Speaker 10: ever seen truly taxes or utilities decrease?

2020
01:38:56,120 --> 01:38:58,280
Speaker 1: Well, it makes it up in other areas. Is the problem.

2021
01:38:58,320 --> 01:39:00,160
Speaker 1: I mean, we're fighting the property text battle nowe in

2022
01:39:00,200 --> 01:39:03,160
Speaker 1: Ohio obviously, as you know, yes's funny as you guys

2023
01:39:03,160 --> 01:39:06,640
Speaker 1: you're talking about this. Somebody just DMed me and asked about, well,

2024
01:39:06,680 --> 01:39:09,320
Speaker 1: what about three D printed houses? You know, isn't that

2025
01:39:09,360 --> 01:39:12,280
Speaker 1: a cheaper alternative to this? And that is you know it,

2026
01:39:12,479 --> 01:39:14,360
Speaker 1: You don't need as much labor to do it, and

2027
01:39:14,400 --> 01:39:17,000
Speaker 1: you could put them up pretty quickly and alleviate that.

2028
01:39:17,240 --> 01:39:19,120
Speaker 1: I think there's some problems. I mean, first, as you mentioned,

2029
01:39:19,120 --> 01:39:21,960
Speaker 1: there's a lot of regulatory and code challenges there. But

2030
01:39:22,240 --> 01:39:24,040
Speaker 1: if you can wipe some of that out, that helps.

2031
01:39:24,320 --> 01:39:27,400
Speaker 1: I know, the construction industry, like any industry that's entrenched,

2032
01:39:27,680 --> 01:39:29,560
Speaker 1: doesn't really want to give up ground. So you know,

2033
01:39:29,600 --> 01:39:33,360
Speaker 1: you've got local contractors, trade unions, supply chains all built

2034
01:39:33,400 --> 01:39:35,920
Speaker 1: around the way we've always built things right and that

2035
01:39:36,080 --> 01:39:40,519
Speaker 1: is you frame and stick and also too, I think

2036
01:39:40,520 --> 01:39:42,240
Speaker 1: it's too true too in to tell I mean, you know,

2037
01:39:42,240 --> 01:39:44,479
Speaker 1: it sounds cool that you get a video from someplace

2038
01:39:44,520 --> 01:39:46,719
Speaker 1: in Germany where they're putting up a three D printed

2039
01:39:47,200 --> 01:39:48,360
Speaker 1: concrete building, and an.

2040
01:39:48,520 --> 01:39:50,760
Speaker 10: Oh, I love watching it, if you I mean, I

2041
01:39:50,800 --> 01:39:55,280
Speaker 10: love watching those be built because you know, the concrete

2042
01:39:55,320 --> 01:39:58,880
Speaker 10: is going around and they seem like very stable structures.

2043
01:40:00,479 --> 01:40:03,400
Speaker 10: It's interesting how you're going to insulate that and do

2044
01:40:03,439 --> 01:40:05,840
Speaker 10: all of those things. Again, there's a lot of there's

2045
01:40:05,840 --> 01:40:09,200
Speaker 10: a lot more questions now three D printed homes. We've

2046
01:40:09,240 --> 01:40:12,000
Speaker 10: been talking about that for probably five years or more, yep.

2047
01:40:12,479 --> 01:40:16,160
Speaker 10: And you certainly don't see anything like that in Cincinnati

2048
01:40:16,280 --> 01:40:17,200
Speaker 10: as far as I know.

2049
01:40:17,320 --> 01:40:19,519
Speaker 1: I know they're doing them in I think in Austin, Texas,

2050
01:40:19,520 --> 01:40:22,760
Speaker 1: for example. But the prize you mentioned though, it's just like,

2051
01:40:23,280 --> 01:40:26,479
Speaker 1: you know, you still need roofers, you still need glaciers

2052
01:40:26,479 --> 01:40:31,560
Speaker 1: to put windows in doors, electrical party elected, kay. And

2053
01:40:31,600 --> 01:40:33,519
Speaker 1: the other thing is, and you probably don't think of this,

2054
01:40:33,560 --> 01:40:36,800
Speaker 1: but you need specialized concrete in order concrete mixtures for

2055
01:40:36,920 --> 01:40:39,160
Speaker 1: that stuff to go in. And there's still you know,

2056
01:40:39,280 --> 01:40:41,360
Speaker 1: again it's in an infancy. We don't know twenty what

2057
01:40:41,680 --> 01:40:44,439
Speaker 1: the life of these things are twenty thirty years from now,

2058
01:40:44,479 --> 01:40:47,840
Speaker 1: because it's so new what happens over decades of these

2059
01:40:47,840 --> 01:40:50,400
Speaker 1: buildings and so is it like aluminum wiring, you know,

2060
01:40:50,439 --> 01:40:52,280
Speaker 1: you put it all in and then wait a minute,

2061
01:40:52,280 --> 01:40:54,120
Speaker 1: we got a problem. We're going to tear it all out. Well,

2062
01:40:54,160 --> 01:40:56,360
Speaker 1: you can't really do that with a building. And if

2063
01:40:56,400 --> 01:40:59,000
Speaker 1: you're a bank, you're a lender, you're looking at going

2064
01:40:59,640 --> 01:41:00,800
Speaker 1: I can invest in that.

2065
01:41:00,920 --> 01:41:03,200
Speaker 10: Yeah, I'm not going to touch that, especially with the

2066
01:41:03,200 --> 01:41:08,840
Speaker 10: freezing thal in Ohio. I think a concrete will always crack.

2067
01:41:08,960 --> 01:41:11,479
Speaker 10: That's just one of those mantras that we will say

2068
01:41:11,520 --> 01:41:13,120
Speaker 10: over and over again because people.

2069
01:41:12,920 --> 01:41:15,280
Speaker 1: Are like, there's a crack in the in the foundation.

2070
01:41:15,760 --> 01:41:17,679
Speaker 1: Yeah right right, yeah, it's just in nature. But anyway,

2071
01:41:17,680 --> 01:41:19,360
Speaker 1: I mean, I throw that out there. So my wife, no,

2072
01:41:19,439 --> 01:41:21,840
Speaker 1: it's interesting, Yeah, my wife, Michelle Stone. It's called the

2073
01:41:22,439 --> 01:41:27,519
Speaker 1: Housing for the Twenty first Century Act. Congress just passed this, the.

2074
01:41:27,479 --> 01:41:31,000
Speaker 10: House of Representatives have passed it. It's onto the Senate.

2075
01:41:31,640 --> 01:41:35,200
Speaker 10: You know, it's definitely something to keep an eye on.

2076
01:41:35,760 --> 01:41:39,040
Speaker 10: It seems to be bipartisan, meaning maybe it will pass,

2077
01:41:39,160 --> 01:41:41,280
Speaker 10: but then of course there's always somebody that says, well,

2078
01:41:41,320 --> 01:41:44,479
Speaker 10: I want something else in it that's going to benefit me,

2079
01:41:44,720 --> 01:41:46,600
Speaker 10: So we'll keep an eye on it.

2080
01:41:46,600 --> 01:41:49,479
Speaker 1: All right. So the takeaway from my perspective is to

2081
01:41:49,520 --> 01:41:52,040
Speaker 1: show you just how terrible our government, our leadership and

2082
01:41:52,080 --> 01:41:54,920
Speaker 1: congresses on both sides. We have something called the Housing

2083
01:41:54,960 --> 01:41:57,000
Speaker 1: for the Twenty first Century Act that may or may

2084
01:41:57,000 --> 01:42:00,360
Speaker 1: not pass over a quarter away through the Senate injury.

2085
01:42:00,720 --> 01:42:03,160
Speaker 1: My wife, Michelle Sloan is here from Sloan cells Holmes

2086
01:42:03,160 --> 01:42:06,480
Speaker 1: dot Com and avi ad dishwasher on the show A dishchowl.

2087
01:42:06,479 --> 01:42:08,240
Speaker 7: I'm I'm pro dishchowel.

2088
01:42:08,520 --> 01:42:10,960
Speaker 1: I'm just saying, yeah, if you use it, it's not

2089
01:42:11,040 --> 01:42:15,760
Speaker 1: a drying rack. You're a woman. You're supposed to be

2090
01:42:15,800 --> 01:42:16,519
Speaker 1: good at this stuff.

2091
01:42:16,800 --> 01:42:21,360
Speaker 10: Oh now, oh no, don't you dare.

2092
01:42:22,120 --> 01:42:24,520
Speaker 7: It's Valentine's Day, son.

2093
01:42:24,920 --> 01:42:28,840
Speaker 1: It was. Yeah, No matter how nasty and filthy are,

2094
01:42:28,840 --> 01:42:31,200
Speaker 1: I still love you more than anything. So all right,

2095
01:42:31,240 --> 01:42:32,360
Speaker 1: I'll talk to you, l I love you. I here

2096
01:42:32,439 --> 01:42:32,559
Speaker 1: to go.

2097
01:42:32,720 --> 01:42:33,080
Speaker 7: I get that.

2098
01:42:33,320 --> 01:42:37,599
Speaker 1: Uh all right, we gotta get to Willie coming up next,

2099
01:42:37,920 --> 01:42:40,560
Speaker 1: Scott Sloan Show. I may be dad, I maynad me

2100
01:42:40,600 --> 01:42:42,320
Speaker 1: back tomorrow. I don't know. We'll find out. Seven hundred

2101
01:42:42,320 --> 01:42:43,479
Speaker 1: ww Cincinnati have a going