Speaker 1: In AMers County.
Speaker 2: It's phony here on seven hundred WLW ready to rock
Speaker 2: and roll this morning. I'm not quite sure what's going
Speaker 2: on with her behind the scenes stuff. Hold on just
Speaker 2: a second, I have a guest on the show here. Momentarily,
Speaker 2: I'm just gonna do this. Oh wow, all right, So
Speaker 2: trying to get hold of Alisha reached she was going
Speaker 2: to jump in this morning and talk about the fifty
Speaker 2: million dollar property tax relief incentive. Number one issue for
Speaker 2: every man and woman, I would save to say in
Speaker 2: Hamlin County, Butler County, Warren County, pretty much in the
Speaker 2: state is the issue of property taxes. I had yesterday
Speaker 2: on the show, Bill Sites, who was a co chair
Speaker 2: of the working group the governor put together. They came
Speaker 2: up with like a twenty point plan, and a lot
Speaker 2: of it makes you kind of your eyes glaze over.
Speaker 2: It's just numbers and terms that we don't easily understand.
Speaker 2: You know, we start talking about. Bottom line is if
Speaker 2: you're lucky, maybe you saw a twenty percent increase, but
Speaker 2: some people have seen two hundred, three hundred percent increases.
Speaker 2: Now for the average person, it's an extra I don't
Speaker 2: like eleven bucks, twelve bucks a month. In some cases
Speaker 2: you're like, Okay, no big deal. If you're a senior
Speaker 2: and you're pinching pennies, a little more difficult there. But
Speaker 2: the big problem, of course, is when you start to
Speaker 2: see some folks who are getting hit literally with hundreds
Speaker 2: and hundreds of dollars more, that's a different story entirely.
Speaker 2: Alicia Reese, Hamlin County Commissioner, on the show on seven
Speaker 2: hundred WLW welcome back.
Speaker 1: How you been, Hey, great? How are you love?
Speaker 3: I'm doing what?
Speaker 2: Oh, it's good to be back. It's good to be here.
Speaker 2: Limping along. I saw the Butler County. A bunch of
Speaker 2: counties are doing stuff right. Butler County is doing a
Speaker 2: fifty million dollar property tax relief initiative. As I said,
Speaker 2: number one issue for voters right now is that. A
Speaker 2: bunch of other counties too, I know that like Franklin
Speaker 2: County and others are doing things to try and relieve
Speaker 2: some of the burden. You saw this and it was
Speaker 2: almost what a year ago, I think a year ago,
Speaker 2: next month, this coming month, when you guys said, you
Speaker 2: know what, you're finally going to get that property tax rollback.
Speaker 2: We've guaranteed when we built an new stadiums a couple
Speaker 2: of several decades ago. Now, so the end result is
Speaker 2: you look at Butler County said, well, why aren't we
Speaker 2: doing that?
Speaker 1: Well, absolutely, thron you know, I've been on this issue.
Speaker 1: You've been on this issue. I've been on this show.
Speaker 1: We've been dealing with this when I first got elected
Speaker 1: almost five years ago, and we kept saying, probably taxes,
Speaker 1: it's the number one issue. That's what we said. And
Speaker 1: so one of the things that we've tried to do,
Speaker 1: of course short term things. One was I said, hey,
Speaker 1: we're talked about affordable housing. That's great, but we've got
Speaker 1: to also make sure that the people can afford to
Speaker 1: keep the house they already have. And so I said,
Speaker 1: we're going to take some of this money to help
Speaker 1: stop gap that because we've got these new appraisals coming through.
Speaker 1: So we put six million dollars to try to help
Speaker 1: people get through and hoping that the state legislature would
Speaker 1: get this solved. Then the next thing I did, I said, well,
Speaker 1: wait a minute, I gave my state of the county
Speaker 1: and I said, hey, governor, let's free the taxes on
Speaker 1: senior citizens, particularly until the legislature gets this done. It's
Speaker 1: good to put a committee together, but I've been at
Speaker 1: the state House and I know what happens with those committees.
Speaker 1: They go back and forth, back and forth. In the meantime,
Speaker 1: your property tax is going up and you're trying to
Speaker 1: hang on to your house. And we had almost one
Speaker 1: hundred homeowners come down to the county one of the
Speaker 1: county meetings regarding this issue. I said, they need help
Speaker 1: right now, so I have them and freeze of property
Speaker 1: taxes on that. The other thing that we did was,
Speaker 1: you know, the thirty percent that was promised to voters
Speaker 1: so many years ago with the stadium deals. That was
Speaker 1: never kept. And in the four years I had been there,
Speaker 1: I was able to get it passed two of those years.
Speaker 1: And I've been on your show and certainly some of
Speaker 1: your listeners helped us to achieve that as well. But
Speaker 1: in the new Bengal deal lease, which is what I
Speaker 1: had the big problem with, we wouldn't be were we
Speaker 1: got rid of the thirty percent. You can't do thirty percent.
Speaker 1: I even asked the administrator and he said, no, there'll
Speaker 1: be no money in here for the taxpayers to get
Speaker 1: a thirty percent break. Even though that's what was promised,
Speaker 1: and that's why I didn't go with the deal. I said,
Speaker 1: the taxpayers are written out of the deal. I can't
Speaker 1: go with it. But now we're seeing a law was
Speaker 1: passed where it allows us at the local level to
Speaker 1: double the homestead. Now we would have to pay for it,
Speaker 1: you know, every county would have to pay for it.
Speaker 1: So Butler County stepped up and I talked to one
Speaker 1: of the commissioners there because I had some interest in it.
Speaker 1: They stepped up and said, Hey, we're gonna do fifty
Speaker 1: million dollars. We're going to double this homestead and we're
Speaker 1: going to do it with our own money until the
Speaker 1: state gets it together. I then introduced the motion just
Speaker 1: last week when I saw that, and I said, mister
Speaker 1: Administrator Jeffaluto, who we're putting our budget together for you know,
Speaker 1: we do one year budget, so we're putting the budget
Speaker 1: together now. He had never mentioned it at first, and
Speaker 1: so I introduced the motion in the meeting saying, I
Speaker 1: want this looked into immediately. And I can't even because
Speaker 1: each of us turn in our budgets. I can't turn
Speaker 1: in a budget. If I didn't know that we could
Speaker 1: do this because I now want to look at this right.
Speaker 1: So we would have turned in our budgets and had
Speaker 1: no idea we could do this. I said, hold on,
Speaker 1: I need to know about this and come. And then
Speaker 1: I asked him, I said, well, why did Butler County
Speaker 1: move so quick? He said, oh, yeah, by the way,
Speaker 1: you have in October. We have a deadline this month
Speaker 1: to make a decision. And so again when we looked
Speaker 1: at the budgets, we always find money for, you know,
Speaker 1: the big projects, you know, whether it's a Bengal leave
Speaker 1: or a big project. But when it comes to the people,
Speaker 1: they say, oh, we're broke. We're not able to help
Speaker 1: the homeowner. And I told him, I said, my number
Speaker 1: one thing, we can't price the people out of Hamilton
Speaker 1: County where they can't afford to live here and can't
Speaker 1: afford to hold on to their home. I had gotten
Speaker 1: a letter one time from a senior citizen. You could
Speaker 1: tell she could barely write. And she hands me shaking
Speaker 1: based on the letter, and she said she had never
Speaker 1: in her life she missed her property tax. She always
Speaker 1: pays her taxes, but she just can't do it, and
Speaker 1: she deserves to hold onto her home and that really
Speaker 1: touched me. And after that I just have been, you know,
Speaker 1: relentless on trying to get this done. Now they've issued
Speaker 1: a report from the state. You know, some of this
Speaker 1: stuff got to go to the legislature. They got to
Speaker 1: take it to the House, and they got to take
Speaker 1: to the Senate, and they got to go back and forth.
Speaker 1: But people need help immediately, and so I have put
Speaker 1: a motion forward to see if we can at least
Speaker 1: start with this budget doubling the homestead to help our seniors. Again,
Speaker 1: I would I would encourage the governor to freeze these
Speaker 1: property taxes until they can get it done, so that
Speaker 1: can put some sense of urgency on it. But if
Speaker 1: Butler County is doing it, Warren County's looking into it,
Speaker 1: I think we've got to look into it.
Speaker 2: So it's just you know, the rich suburban communities like
Speaker 2: Butler and Warcott. Green County's doing something. They said that
Speaker 2: they're going to temporar roll back a half middle of
Speaker 2: the inside millage. Montgomery County, which is Dayton, of course,
Speaker 2: said they're working on promoting property tax relief and expanding
Speaker 2: homestead which you did here in Hamlin County. Owner occupancy
Speaker 2: credit stuff like that as well. And so it's not
Speaker 2: just the wealthy quote unquote wealth of your suburbs are
Speaker 2: doing this. It's happening all of the states simply because
Speaker 2: it is so broken. Yesterday in the show, I had
Speaker 2: the code chair and former Ohio House Minority Speaker from
Speaker 2: Green Township, Bill Sites on the show. He was the
Speaker 2: co chair of the working group the governor put together
Speaker 2: to try and come up with a plan. They issued
Speaker 2: a twenty point plan to try and fix the property
Speaker 2: tax issue. One of the things came up and see
Speaker 2: if you agree with this or not, and that is
Speaker 2: the control through the county Budget Commission, which would be
Speaker 2: the Hamlet County Budget Commissioner, or your concern would be
Speaker 2: the reduction of unnecessary excessive levees basically meaning instad saying
Speaker 2: that you know, you can't if a levee fails, you
Speaker 2: can't come back right away put the levee back on
Speaker 2: the ballot. From someone who is very pro local control,
Speaker 2: county control, how does that sit with you?
Speaker 1: Well, you know, the state always what I call it
Speaker 1: trickle down taxation. They cut things at the state level
Speaker 1: and they pass it on to the local level and
Speaker 1: really don't give us the power. I'll give you an
Speaker 1: example of people dealing with their sewer bills and I
Speaker 1: wanted when I first got there, I said, well, wait
Speaker 1: a minute, let's try to put a freeze on it
Speaker 1: for senior citizens, etc. They said, no, you can't do
Speaker 1: that because the state. You got to get approval from
Speaker 1: a state, and then the state never did give us approval.
Speaker 1: They're still running around talking about they got a build,
Speaker 1: but they never put it in the budget. You know,
Speaker 1: some of this control they're talking about, it was never
Speaker 1: put in the state budget. And being at the state,
Speaker 1: if it's not at the state budget, it doesn't have
Speaker 1: a deadline. And if it doesn't have a deadline at
Speaker 1: the state, you know how they do, They study, study, study,
Speaker 1: at what they do is say go back home, and
Speaker 1: then when you go home, they you know, they cut
Speaker 1: the local government fund. I don't, we don't have money
Speaker 1: to do anything. Uh. You know, I was up in
Speaker 1: the state. I remember they kept saying, well, raise the
Speaker 1: taxes at the local level, and we're gonna cut it
Speaker 1: up at this level. And I jumped them and said,
Speaker 1: this is trickle down taxation. So again it's almost a
Speaker 1: passing of the buck. Uh. You know, because what I've
Speaker 1: seen is that the state could fix this problem immediately.
Speaker 1: And what we have right now is we have a
Speaker 1: we have you know, property tax are do and bills
Speaker 1: are due right now, and we're talking about studying and
Speaker 1: a long term approach. I think we need a long
Speaker 1: term plan, but you know, the lady that wrote me
Speaker 1: and the other people that I've interacted with, they need
Speaker 1: a right now plan. And I'm hoping that there are
Speaker 1: some things that we can do. Hopefully doubling this homestead
Speaker 1: will be Hopefully we can move forward with it. The debate, though,
Speaker 1: is does the local people pay or does the state
Speaker 1: give us the money to pay the doll.
Speaker 2: That's the problem, right this goes well, the problem is,
Speaker 2: of course, it goes back to what's Strickland. And the
Speaker 2: idea was, hey, you know what, we've got to right
Speaker 2: size the state budget. And so what we're gonna do
Speaker 2: is we're gonna cut off all the local money because
Speaker 2: we'd send our money to Columbus kind of like we
Speaker 2: do Washington and it trickles back to us. And that
Speaker 2: was the plan, all right, so we send our money, well,
Speaker 2: you know what, we're gonna do stuff at the state
Speaker 2: level we're going to cut off the local supply to
Speaker 2: counties and municipalities and alike. And that, of course, over
Speaker 2: the years, has put a lot of areas in a crunch.
Speaker 2: Property tax has a hand in that to some degree.
Speaker 2: But the thing is, okay, Well, the state is flushed
Speaker 2: with cash. Look at our well balanced budget. We've got
Speaker 2: a surplus at the state. The problem is that the
Speaker 2: money's not flo flowing back to the local communities and
Speaker 2: hasn't for some time. So in order to raise capital,
Speaker 2: you guys have to, Well, we got to raise taxes,
Speaker 2: We've got to put levies out there, and now we're
Speaker 2: going to put a cap on the lobbies. I'm not
Speaker 2: saying it's right or wrong, but it's it's the state
Speaker 2: of politics because the entities at the time, to put
Speaker 2: it together, we're trying to run for higher office. That
Speaker 2: makes you look good when you're flushed with cash at
Speaker 2: the state level, doesn't it.
Speaker 1: Well, yeah, at the state level they always say we
Speaker 1: got this rainy day. Fun I said, well, it's storming
Speaker 1: down here where I'm at at Hamilton County. Give it
Speaker 1: to us. And like you said, once you send it,
Speaker 1: it's like Washington. Once you send it to Washington. Don't.
Speaker 1: It never comes back. You know, we only get a
Speaker 1: small percentage once you send it to the state. It
Speaker 1: doesn't come back, just like a unclaimed funds, which I'm
Speaker 1: I'm pushing Sloan right now with my five one three
Speaker 1: relief bus. We're trying to help people get their money back.
Speaker 1: They want to give our money to Cleveland. We're not
Speaker 1: getting it back here. They gave six hundred million in
Speaker 1: the budget for Cleveland Browns out of our unclaim money.
Speaker 1: Focus on everybody claim our money.
Speaker 4: You know.
Speaker 2: I pushed back a little on that. Well, that's money
Speaker 2: that's been sitting around for ten years. And I would
Speaker 2: say this, like, if you're not plugged in enough to
Speaker 2: hear all the people talking about unclaimed monds funds, you
Speaker 2: go check the website. I went and checked, and I
Speaker 2: got like a check of a It took like thirty years,
Speaker 2: but I got to check for four hundred dollars. They're
Speaker 2: pretty happy and unplaying money that was owed to me.
Speaker 2: But you know, you got to get off your ass
Speaker 2: if it's your money and get it after ten years.
Speaker 2: It's public money.
Speaker 1: But let me say this though, for years people because
Speaker 1: of the scams, people were thinking Is this real? Is
Speaker 1: this a scam? Is this one of those fraud things?
Speaker 1: So you had to get over that, and then they
Speaker 1: made it kind of difficult. You know those who were
Speaker 1: in the know, who you know, were able to do it.
Speaker 1: So now we're gonna make it simple. We've got the laptops,
Speaker 1: we got the five one three relief bus. They can
Speaker 1: go to five one three relief out or find the bus.
Speaker 1: And they ain't go. I saw a lady, a senior citizen.
Speaker 1: She jumped up and said, what they had two hundred
Speaker 1: of my money?
Speaker 5: You know, where the hell are you being?
Speaker 1: She thought it was a fraud.
Speaker 4: A lot of people, you know, because you know all
Speaker 4: these things, you know, you gotta do a look now
Speaker 4: you got to be good for people like you were
Speaker 4: out there doing the business, representing people and you're telling
Speaker 4: them it's like, oh, look, well I didn't believe it's Aleisha.
Speaker 2: That's a good thing.
Speaker 1: We were.
Speaker 2: We had enough people like yours talking about getting your
Speaker 2: money back. And if you don't want it to go
Speaker 2: to Cleveland, uh, then you know, and I didn't. I
Speaker 2: didn't want my four hundred dollars going to Cleveland.
Speaker 1: Well, I'll be honest with you, I didn't know we
Speaker 1: had four billion dollars sitting up there. That a lot
Speaker 1: of money. A lot of people could be helped with it.
Speaker 1: If they were saying, we're gonna put that money toward
Speaker 1: the homestead, wouldn't it. Yeah?
Speaker 2: Yeah, Now Brown's are getting the news.
Speaker 4: Hi.
Speaker 2: And by the way, you got that deal done. You
Speaker 2: finally we got the stadium deal done and all that stuff.
Speaker 2: Stadium deal. Okay, we got the stadium deal done, and
Speaker 2: then we turn around and the Bengals are terrible? Can
Speaker 2: we get our money back?
Speaker 1: Well, I'm and I tried to tell you that you
Speaker 1: got to read the sign print of these deals and
Speaker 1: the taxpayers was written. Now now now I'm on your
Speaker 1: show and you're hollering we won our money back? Get
Speaker 1: we not winning? And at the same time, Brandma's house,
Speaker 1: she can't hold onto her house. What did we get
Speaker 1: out of the deal. We needed one of those Denver
Speaker 1: Broncos deals where they said they're putting up all private
Speaker 1: money and we could have saved at Grandma's house. And
Speaker 1: so now we're fighting again to hold the property taxes.
Speaker 1: We took out the thirty percent, so now you can't
Speaker 1: get the thirty percent rebate that you and I have
Speaker 1: been fighting for every single year at least you can
Speaker 1: get something back, and that's not happening. And now we're
Speaker 1: not winning. And now we've got a deal, and we
Speaker 1: got a lease that will end at the same time
Speaker 1: as the Reds lease. Oh my god, we got problem.
Speaker 1: Maybe I said, have come on here you and gave
Speaker 1: me a headache.
Speaker 2: Yeah, no, I got your workdof You're the one who
Speaker 2: wanted the damn job, and now you don't want the
Speaker 2: damn job.
Speaker 5: I want the dog.
Speaker 1: But I'm trying to tell the people. I'm only one vote.
Speaker 1: And even with the property taxes, last time we had
Speaker 1: to fight, it was a two to one vote. I
Speaker 1: mean we didn't we didn't get a unanimous So again, uh,
Speaker 1: we're gonna keep fighting for this. I got a motion out.
Speaker 1: I want you. We're doing that. We're getting ready to
Speaker 1: the budget. And I told the vister Ludo, Now we
Speaker 1: can't say we're broke today and then tomorrow you got
Speaker 1: an eight hundred and fifty million dollar post almost a
Speaker 1: billion dollar Bengal lease and the taxpayers are left out.
Speaker 1: So that's what we're doing. But throw on Wednesday, next Wednesday,
Speaker 1: put on your pink. Put on your pink is Breast
Speaker 1: Cancer Awareness Day. My mother passed from it. A lot
Speaker 1: of other people had cancer. I've got a cancer Caucus
Speaker 1: state of cancer. It's hitting everybody. He doesn't care about
Speaker 1: your age, your race, your social status. The rates have
Speaker 1: gone up in Hamilton County. So we've got doctors in
Speaker 1: a call to action so that we get more screenings
Speaker 1: that no co pay and all that. And we're doing
Speaker 1: it next Wednesday. I want all celebrities, all the people
Speaker 1: in Hamilton County. We're wearing pink. But it's not just
Speaker 1: breast cancer. We're gonna take on all of the cancer
Speaker 1: and look at how we could get more money, more
Speaker 1: clinical trials, and more cures.
Speaker 2: But we got to do it through early detection from
Speaker 2: non Hodgkins lymfalma and breast cancers hit friends and family members.
Speaker 2: I know it all too well. And uh, I'm glad
Speaker 2: you're raising awareness for it. And I'm gonna I'll be
Speaker 2: glad to wear pink next Wednesday. The Cancer Caucus. She
Speaker 2: is a Hamlin County commissioner, Alicia Reese, trying her best
Speaker 2: to try and get some of that money back. All right, Alicia,
Speaker 2: I gotta get going. I always love having me on.
Speaker 2: You're a spark of light in another wase dismal Hamlin County.
Speaker 2: Let me put it that way.
Speaker 1: Well, thank you. Let's keep the fight norse all right.
Speaker 2: Appreciate you, appreciate you. Have a great day. We'll chat
Speaker 2: again next time. I got to get to a news update.
Speaker 2: I always love having Lisa bring noise. I have a
Speaker 2: little buyer's remorse at that state. I've got the stadium,
Speaker 2: they'll done. Can we get some of the unclaimed fun money?
Speaker 2: Maybe buy an offensive linement or two?
Speaker 5: Huh?
Speaker 2: Can we can we?
Speaker 3: Maybe?
Speaker 2: All right now, Mike Brown's like, wait, what can we do?
Speaker 2: Can we do that? We can get players and we
Speaker 2: don't have to pay for I don't have to cut
Speaker 2: a chick. Hey wait a minutelet's fuck into that. Hey hey,
Speaker 2: he's on the side. Hey hey, oh frugalism. It's five
Speaker 2: minutes away from a news update. We'll do that and
Speaker 2: more to follow. Sloane here on this rainy and we
Speaker 2: welcome the rain on this Tuesday morning, by the way,
Speaker 2: because it's been bone dry for two damn long rain
Speaker 2: for a good solid day, good hard rain we needed here.
Speaker 2: Seven hundred w Wellwike sharing thumbs up here and Zach
Speaker 2: Tanner worried about his job. It's kind of half joking
Speaker 2: with Alicia rees On a few minutes ago talking property
Speaker 2: to actually if but say, yeah, you get the stadium deal,
Speaker 2: all done to pay car all said, and then the
Speaker 2: team just completely completely tanks because QB one goes down. Well,
Speaker 2: you know, if Joe Burrow hadn't gone to that's just cover, man.
Speaker 2: It's the fact that's structural that they're just not sound.
Speaker 2: The offensive line is terrible. They've got defense looked a
Speaker 2: lot better this week. I'll give him credit there, but
Speaker 2: I mean, let's just face it, that's not it's built
Speaker 2: around just Joe Burrow. Once that goes away, I don't
Speaker 2: know how much is that on Zach Taylor. And of
Speaker 2: course his play calling has been terrible too, so I
Speaker 2: don't know. You know, when we when Marvin Lewis got
Speaker 2: fires because people stop showing up the games, the stands
Speaker 2: looked completely full, and I would I don't know how packed.
Speaker 2: It's hard to say because a lot of was Detroit
Speaker 2: Lions fans. So if you have a good team coming
Speaker 2: in from out of market, they're gonna buy. They're gonna
Speaker 2: buy the tickets. They'll make money. So at the end
Speaker 2: of the day, that's that's what got Marvin out. I
Speaker 2: think Zach Taylor, I'd be surprised if anything happened anytime soon,
Speaker 2: because you know, he went to the super Bowl that
Speaker 2: they just going to the super Bowl. Hell, at this point,
Speaker 2: making the playoffs, we're going to the super Bowl, the playoffs.
Speaker 2: That buys you ten years for the brown for the Bengals,
Speaker 2: that buys you ten years. You're good, You've got some
Speaker 2: he's got some time. I'm not quite sure. We haven't
Speaker 2: named a quarterback yet. Oh, we got problems. We got problems.
Speaker 2: We'll see what happens. There's still be able convinced that
Speaker 2: they can still turn it around even without Joe Burrow.
Speaker 2: I don't know how you do that. I really really don't. Nonetheless, nonetheless,
Speaker 2: what else going on? Prime deals are back, I said
Speaker 2: they were. Just didn't they do a Prime Prime Day?
Speaker 2: You know Amazon Prime? Oh, I guess they're doing it
Speaker 2: again starting today tomorrow. Fourth time that they've done two
Speaker 2: member exclusive savings events in a single year. Why did
Speaker 2: they do that? Because last time one they raked in
Speaker 2: nine billion dollars in October from Prime Deals twenty twenty
Speaker 2: five nine billion dollar. Holy crap, last time it did
Speaker 2: is nine billion dollars. So yeah, I'd imagine they just
Speaker 2: continue to do this several times a year. If that's
Speaker 2: the case, so Prime days, baby, I know is when
Speaker 2: we moved into the new house, it was like a
Speaker 2: steady stream of Amazon trucks just dropping stuff off. I
Speaker 2: don't even want to know. I don't even want to
Speaker 2: look quite honestly, look at it, going how much money
Speaker 2: do we spend on it? Because you just need stuff?
Speaker 2: You need stuff? You know how things are always changing
Speaker 2: in America and for those like, oh my god, I
Speaker 2: just don't recognize America that's so supposed to be what
Speaker 2: happened yesterday becomes commonplace. What happened five, ten, fifty, teen
Speaker 2: years ago, of course, is ancient history. Nothing ever stays
Speaker 2: the same. We're always moving. And that's the challenge, of course.
Speaker 2: That's the appeal of conservatism and tradition, is that while
Speaker 2: we want things to stay the same and even still,
Speaker 2: nothing ever changed, and progressives, of course want a utopia
Speaker 2: that will never exist. And the older you get, it's
Speaker 2: supposed to feel more and more out of touch and
Speaker 2: this is really going to put it over the top.
Speaker 2: And if you thought are collective angst as a society,
Speaker 2: we've hit peak peak social And I read something the
Speaker 2: other day I think we hit peak social media. Maybe,
Speaker 2: but we're just starting. We're just starting the AI And
Speaker 2: you go, well, what do you mean. I can get
Speaker 2: on my phone and I have a chat GPT and
Speaker 2: I have claude, and I could have my dog playing
Speaker 2: piano and just tell them to take a photo, take
Speaker 2: up this image of me and make me dress me
Speaker 2: up like a a pelican that is dressed like they're
Speaker 2: in some fifth century court. And we can do that.
Speaker 2: I can make you look like a pelican wearing the
Speaker 2: outfit of a fifth century barrister. Okay, so what Well,
Speaker 2: there's a new one called Sora s O r A
Speaker 2: not Siri, not Soros, but Sora s o R and
Speaker 2: it's been topping Google's I'm sorry, it's Apple's App store
Speaker 2: charts for a few days now. The Biblimatter are the
Speaker 2: open AI folks who make chat GPTT and it's designed
Speaker 2: to be a midpoint for video. It's the social media feed.
Speaker 2: So you know social are we had peak social media? Yeah? Maybe,
Speaker 2: but we're not even beginning AI social media. What the
Speaker 2: hell is that? And this is what you need to
Speaker 2: know about. This is frightening if you are fear of change.
Speaker 2: So they make short videos kind of like TikTok, right,
Speaker 2: and it's it's in that way, but it's an interface
Speaker 2: that allows you to create videos and manufacture content literally
Speaker 2: without manufacturing the content. The AI does it. It's really
Speaker 2: really interesting and it's the only AI social media feed
Speaker 2: to launch in recent weeks. So sou all you need
Speaker 2: to do is install the app, obviously, but you use
Speaker 2: a text prompt to create any footage you can dream
Speaker 2: up with. So instead of going I'm gonna take this
Speaker 2: photo or this video and hey, can you doctor it
Speaker 2: up and make it look and then that doesn't quite
Speaker 2: right and you've got to go back and render it,
Speaker 2: this is just literally keystrokes. So you can upload images
Speaker 2: of yourselves, and you could take your likeness and voice,
Speaker 2: and you could put yourself into imaginary scenes. You can
Speaker 2: integrate fictional characters, your company logo, even dead celebrities. You
Speaker 2: can put whomever you want into these videos. And it's
Speaker 2: really really high quality. And here lies the rub. Now,
Speaker 2: keep in mind, right now, if you download and looked
Speaker 2: at it. It looked terrible, but that is because so
Speaker 2: many people are downloading on a daily basis. There's no
Speaker 2: way they can keep up with it because of bandwidth
Speaker 2: and everything else. But mark my words, what winds up
Speaker 2: happening is eventually their ecosystem can up and they're able
Speaker 2: to service all the people that want to use this.
Speaker 2: I mean, the early days of YouTube were terrible, but
Speaker 2: now YouTube is like its own network, basically the biggest
Speaker 2: network in the world's YouTube as far as content goes.
Speaker 2: So Sora, you just put keystrokes in and it'll come
Speaker 2: up with anything you want, just in time, by the way,
Speaker 2: for the next election. So what this means is more
Speaker 2: accurate and better deep fakes. I'm looking at it now.
Speaker 2: They have a and again, just a few keystrokes did
Speaker 2: this saying, hey make a guy. Take a guy at
Speaker 2: night and put him in a situation where he's stuffing
Speaker 2: drop boxes, and a few minutes later it spits out
Speaker 2: this very very realistic looking video looks like it's from
Speaker 2: a security camera of a guy wearing a mask, dressed
Speaker 2: in black, getting out of a van and taking a
Speaker 2: bunch of papers and stuffing them into a drop box
Speaker 2: in front of an election place and you look at
Speaker 2: that and you go, my god, that looks real. And
Speaker 2: what would happen is someone to see that, And of
Speaker 2: course it's spread on social and since to the naked eye,
Speaker 2: or even now experts are going, you know what, I
Speaker 2: can tell a little bit here and there, but by
Speaker 2: this time next year, I won't be able to tell
Speaker 2: unless we absolutely put it through its paces and break
Speaker 2: down each frame of the video and look at it
Speaker 2: in that fashion. But that takes time, that takes effort
Speaker 2: to be able to tell whether or not this is
Speaker 2: deep fake. By then, it's spread around the world and
Speaker 2: the image of this guy who is putting ballots into
Speaker 2: drop boxes has now been sent to grandma and grandpa
Speaker 2: and mom and dad and they believe it. So what
Speaker 2: does that mean? Well, that means now that we can
Speaker 2: be more manipulated than ever before, and not necessarily all
Speaker 2: in bad ways. There's probably some good in here too.
Speaker 2: But there's another one where they had a video of
Speaker 2: a bomb exploding city streets that was completely fabricated, and
Speaker 2: you can take that kind of thing and augment reality,
Speaker 2: and by the time anyone with any knowledge or ability
Speaker 2: is able to process a go nut was a fake.
Speaker 2: It's literally days or weeks later, and by then it's
Speaker 2: already been amplified and shared billions of times, millions of times.
Speaker 2: And now people are believing this alternate universe. And so
Speaker 2: if you thought we were divided before, and I think
Speaker 2: you know, this whole Charlie Kirk thing is evidence of that.
Speaker 2: You know, right now Conservatives Republicans are holding Charlie Kirk
Speaker 2: up like he's being nominated for sainthood at this point.
Speaker 2: And meanwhile, you know, a few months ago, how many
Speaker 2: people could really tell you who Charlie Kirk was. Now
Speaker 2: I'm not diminishing him at all, don't don't get me wrong,
Speaker 2: because he was significant in swinging the election Trump's way.
Speaker 2: There's no question about it as far as mobilizing young voters.
Speaker 2: But unless you're in that, you know that that twenty
Speaker 2: nine year old sweet spot, which most of us aren't,
Speaker 2: you probably had no idea what he did, or maybe
Speaker 2: you knew the name and kind of yeah, I've seen
Speaker 2: him before, I heard him talk and never maye listen
Speaker 2: to the podcast or whatever. And of course you know
Speaker 2: one she pass and especially in the fashion of which
Speaker 2: he died which was murdered assassinated. Your legend grows exponentially,
Speaker 2: and that's true, whether it's Charlie Kirk or it's I
Speaker 2: don't know, John F. Kennedy for that matter. The legend
Speaker 2: grows if you become a murder, which Charlie Kirk did.
Speaker 2: And so the end result here is that you wonder
Speaker 2: how many people are like Morning Lass and didn't really
Speaker 2: know who Charlie Kirk was or was about until he
Speaker 2: was he was executed, until he was assassinated, which is true,
Speaker 2: and so a lot of people followed him. You may
Speaker 2: go who and then they look at you like, how
Speaker 2: the hell do you not know who this is? Or
Speaker 2: this platform or this this app or this website or
Speaker 2: this chance whatever it is. We have all of this.
Speaker 2: It's become so fractured that people have their own realities
Speaker 2: and so, you know, there may be a news source
Speaker 2: or website and influencer whomever that I listened to or
Speaker 2: subscribe to that I would point out to you and go,
Speaker 2: what do you mean You know that is you must
Speaker 2: be the enemy. Then you have no idea what you're
Speaker 2: talking about, because there's just so many of them out there.
Speaker 2: And so we have this this, this whole separatize, separate.
Speaker 2: I guess information sources out there and whether they're credible
Speaker 2: or tur or not. This just adds to it. So
Speaker 2: you could take a lot of this information that's going
Speaker 2: to be coming out, a lot of this disinformation. And
Speaker 2: if we know about this too, I'm not even talking
Speaker 2: about you know what, all the Russians and Chinese get
Speaker 2: ahold of the stuff, what they're going to do with
Speaker 2: it and throw it back in our face, and it's
Speaker 2: just going to feed the narrative. And we're going to
Speaker 2: be fed a lot of fake news to the point
Speaker 2: where we're not going to be to tell what's real
Speaker 2: and what's fake. And we're all going to be living
Speaker 2: in these alternate spheres in universes. I don't know what
Speaker 2: that means for the future, not for elections or anything else,
Speaker 2: but you know, if there are countless echo spheres out
Speaker 2: there where you're being fed a steady diet and stuff
Speaker 2: because of the algorithms, and hey, you know what, I
Speaker 2: saw this guy stuffing ballot boxes and it's real. I
Speaker 2: tell you it's real because I was told by someone
Speaker 2: it's real, even though you know they may be using
Speaker 2: that for disinformation I don't know who to believe anymore.
Speaker 2: I can't trust the you know, the the traditional news
Speaker 2: outlets and a martlook what they've done. And now we
Speaker 2: have this whole wild wild west of information and disinformation
Speaker 2: out there. We're not going to know who to believe
Speaker 2: and up from down at this point certainly not going
Speaker 2: to be good.
Speaker 1: Now.
Speaker 2: You know, there's some other things in there that they're
Speaker 2: trying to block out. Any misuse of children or images
Speaker 2: and likenesses of children, which is gonna be a really
Speaker 2: interesting First Amendment debate. There's one where you can't use
Speaker 2: the likeness of like for example, they said, we tried
Speaker 2: to produce a video of President Trump or other world
Speaker 2: leaders to create a but we can't do it. We
Speaker 2: can't will not let us take an image of a
Speaker 2: active politician or someone like that and try to alter
Speaker 2: what they're saying. However, they did. I think this is
Speaker 2: maybe the New York Times that did this. They created
Speaker 2: a political route with attendees wearing blue and holding signs
Speaker 2: about rights and freedoms, and sore produced a video featuring
Speaker 2: the voice of President Barack Obama, so it kind of
Speaker 2: cut you could sort of look like Obama as they
Speaker 2: pan across the crowd, and it was his voice. It
Speaker 2: sounds exactly like him but talking about this, and so
Speaker 2: you can do things like that where it's like a
Speaker 2: subtle influence. I mean, the whole thing is fascinating where
Speaker 2: it's headed. But I guess from a consumption standpoint, it
Speaker 2: seems to me that if we have something like Sora,
Speaker 2: and eventually if it works, who knows, I'd imagine it
Speaker 2: would is more and more people download. It's going to
Speaker 2: take a long time, though, I think for it to
Speaker 2: get better, simply because of the demand that's out there
Speaker 2: with people like me talking about or you may download
Speaker 2: her to look at and go check this out. It's terrible.
Speaker 2: What's Sloan talking about? It's not today, it's tomorrow. Because
Speaker 2: eventually it's going to get that good. If you can
Speaker 2: create this, I guess in a laboratory at this point
Speaker 2: and say hey, here's a great example of how we
Speaker 2: can do this. Once they're able to work around all
Speaker 2: the demand for it, it'll catch up. It'll take some time,
Speaker 2: but I'll be here sooner before you know it. I
Speaker 2: just wonder, though, if like you know, you look at it.
Speaker 2: I don't know, what's your favorite show. What do you watch?
Speaker 2: Is it a comedy? Is it maybe like my webspit's
Speaker 2: a lot of time watching TikTok videos, but that's like
Speaker 2: user created content and stuff, right. I wonder what happens
Speaker 2: to regular television show, your favorite shows, talking head shows.
Speaker 2: It might be it could be a comedy, it could
Speaker 2: be romance, drama, cop shows.
Speaker 1: Whatever.
Speaker 2: Isn't this just going to be able to replicate and
Speaker 2: create shows with no actors or actresses whatsoever, just AI
Speaker 2: images and then if you found something you really really liked,
Speaker 2: I mean, you know, it could become a series and
Speaker 2: there's no actors, No one's going to go on strike.
Speaker 2: You don't have to pay anybody, you don't need all
Speaker 2: that behind the scenes. You're not shooting any video, you're
Speaker 2: not having to go out on location. You're just going, hey,
Speaker 2: make me a story about I don't know, because you
Speaker 2: know what we need. We need other New York Chicago
Speaker 2: or LA based cop show. That's what we need. You
Speaker 2: turn on network TV. It's reality shows and it's like, Okay,
Speaker 2: I've got either Chicago Ems, I've got New York Police,
Speaker 2: or I've got LA Fire. There are pretty much shows
Speaker 2: that scripted shows that are on TV, right, I can't
Speaker 2: you just do this with AI. It's like literally Hollywood
Speaker 2: is screaming for AI to take over Final We'll create show.
Speaker 2: We can create a show on Mars if we wanted to.
Speaker 2: And I wonder what the level AI with The writing
Speaker 2: is pretty damn good. AI can write, you know, write
Speaker 2: you a pretty good cover letter, a resume, interview, questions,
Speaker 2: interview answers. You can do all this stuff in augmented reality.
Speaker 2: On AI. I'm pretty sure it can write a pretty
Speaker 2: damn good script, comedy, drama or otherwise. And so now
Speaker 2: all of a sudden, that device in your hand, I
Speaker 2: is opposed to just use your creative content and TikTok videos.
Speaker 2: Now there's actual programming on there. There's decent quality AI
Speaker 2: produced content, scripted well not even I guess it would
Speaker 2: be scripted, but AI's I mean, just think about that.
Speaker 2: What would that do then? Is by the way, I've
Speaker 2: got CNN on one monitor and we've got Fox News
Speaker 2: on another monitor, and I'm looking at Bill Hemmer, for example,
Speaker 2: talking about the Chicago mayor re establishing is zones, and
Speaker 2: I went in the future, if we are all in this,
Speaker 2: I guess the silo of information and disinformation? Does that
Speaker 2: go away? Do we just have like AI generated news
Speaker 2: shows that they can come up with guests and talking
Speaker 2: heads and do shows based on fake news? And I
Speaker 2: wont as I watch a show going I don't know
Speaker 2: who this guy is, but I really really like him.
Speaker 2: These interview questions and the guests, it's absurd. And yeah,
Speaker 2: it's all done by AI. It's all scripted, it's all imaginary,
Speaker 2: and you wonder how many people will be able to
Speaker 2: tell the real from the fact. I mean that's you know, certainly,
Speaker 2: your your TV shows, your streaming shows are one thing,
Speaker 2: but you're not going to need the actors and actresses anymore.
Speaker 2: They're going to be completely AI before too long. I mean,
Speaker 2: it seems like to me that would be gone. Imagine
Speaker 2: imagine creators and content. You could create shows like that.
Speaker 2: You're not paying you're not paying the other overhead for
Speaker 2: studios or shooting or movies or you know, you're not
Speaker 2: shooting on film or digital video. There's no editing, there's
Speaker 2: no people working behind the scenes. It's just like someone
Speaker 2: with some ideas and you put it in an AI.
Speaker 2: All of a sudden, we've got programming out I mean
Speaker 2: that's kind of frightening, right because talk about you know,
Speaker 2: in institutions that are following we've already seen journalism or
Speaker 2: as the state of journalism right now. It's not very good.
Speaker 2: That's going to road this even more because you know what,
Speaker 2: the fake stuff, the AA stuff is going to be
Speaker 2: more entertaining the news now, and let's face it, a
Speaker 2: lot of the news that we consume is entertainment based
Speaker 2: Fox and CNN. It's like radio talk show with pictures.
Speaker 2: I just see AI, if this indeed is where we're
Speaker 2: headed with this thing, and if it gets really really good,
Speaker 2: I just think people are going to be instead of
Speaker 2: watching NBCCBS, Fox, CNN, whatever it might be, it'll just
Speaker 2: be whatever AI is fabricating that day, and we'll be
Speaker 2: living in a fake universe as far as our information
Speaker 2: entertainment goes. If we're not already, it's crazy to think
Speaker 2: about where this might be headed. Anyway, Now they're scared
Speaker 2: the crap body, and I think, you know, more a
Speaker 2: okay show, I'm gonna watch some strict Have AI write
Speaker 2: me some cop show only with like naughty bits in
Speaker 2: it or something like that. Okay, that's one thing, but
Speaker 2: you know now we have fake news, and we have
Speaker 2: like AI generated fake news that people go, I know
Speaker 2: it's fake, but I like it anyway. That's where we're headed.
Speaker 2: That's sobering. Af let me get a news update in
Speaker 2: when we continue the reality of politics. I mean, Kevin
Speaker 2: Burton is here, he's right over the river and coming
Speaker 2: to his political strategies with Crosstown Consulting where he's the
Speaker 2: head there. And the issue of populism is interesting. Was
Speaker 2: the Trump swept in on a way? The populism? You
Speaker 2: wonder where the Democrats are with this? A new survey
Speaker 2: came out. I'll share the numbers within the second. It's
Speaker 2: kind of sobering. And the Republicans and Trump look like
Speaker 2: they're underwater and a lot of things until you look
Speaker 2: at the numbers of Democrats are putting up and then
Speaker 2: you go, holy crap. They're literally it's like they're the
Speaker 2: Bengals of politics right now. And if you're if you're
Speaker 2: high five and thinking that's a good thing for Republicans,
Speaker 2: I don't know if it is. Because I'm a firm believer.
Speaker 2: And now about you that you know, if you have
Speaker 2: a good opposition party, it's going to make the party
Speaker 2: in power a little bit stronger, looking over their shoulder
Speaker 2: a little bit. There's no more reason to look over
Speaker 2: your shoulder. God help us what they get away with
Speaker 2: it really is a mess. But what's going to happen
Speaker 2: over the next few years relative to demographics and kind
Speaker 2: of what we're talking about here, I'll get to Kevin
Speaker 2: just add right after news update on this wet Tuesday morning,
Speaker 2: Scotslon Show continues on the Home of the Best Bengals
Speaker 2: coverage seven hundred WWT. Since snap don't want to be
Speaker 2: an American Scott clone show, this is seven hundred WLWT.
Speaker 2: The Dems are in very big trouble because said the Dems,
Speaker 2: and opposition to Trump from within the GOP starting to
Speaker 2: take shape for twenty twenty eight. We'll get into that
Speaker 2: more in just a segment with Kevin Burton from Crosstown
Speaker 2: Advisors as a political strategist and some of like only
Speaker 2: thirty five percent of respondents a new poll said they
Speaker 2: approved of Trump's management of the economy. This aren't good numbers,
Speaker 2: and that is a similar number to those who approve
Speaker 2: moved to the economy under Biden. So as far as
Speaker 2: the average voter goes the only so much of a
Speaker 2: difference between what Biden's doing or did and what Trump's
Speaker 2: doing right now. But so, okay, so how is that
Speaker 2: a fa how's that a failure for Democrats? Well, thirty
Speaker 2: five percent said Trump is doing a good job manage
Speaker 2: in the economy. Less than one in four think that
Speaker 2: the Democrats have a better plan, something like twenty four percent,
Speaker 2: So that's an eleven point swing. Kevin Burton's I mentioned
Speaker 2: Crosstown Advisors over Northern Kentucky's a political strategist. Good to
Speaker 2: have you back, Kevin Haw's life.
Speaker 5: Thanks, Scott All's good. How about yourself?
Speaker 2: Can't complain rocking and rolling. So I think this is
Speaker 2: interesting because the US government shutdown is happening under Republican control,
Speaker 2: and the Conservatives have blamed Democrats for it, and it's
Speaker 2: not sticking. And the reason maybe it's not sticking is
Speaker 2: because it's about healthcare. Now, back to that poll, the
Speaker 2: only area where DEM's score higher would be women's rights,
Speaker 2: environment and healthcare. If you think about it, you know
Speaker 2: women are doing better than men on paper, certainly, and
Speaker 2: especially younger women, so there's really no political leverage there.
Speaker 2: The environment is kind of a fickle thing always has
Speaker 2: been in America because you're not going to buy the
Speaker 2: chicken that's more eco friendly because it's a dollar fifty
Speaker 2: more than regular ass chicken. And inflation is killing you
Speaker 2: right now. So environment is a great first world problem,
Speaker 2: and when you feel like maybe you're getting third world income,
Speaker 2: you don't care about it as much anymore. So that
Speaker 2: just leaves healthcare. Is that what's going on here with
Speaker 2: the shut down?
Speaker 1: Well?
Speaker 5: Yeah, I mean healthcare is honestly the one thing that
Speaker 5: Democrats just if you look for really since people started
Speaker 5: really knowing what Obamacare was and that I've been there
Speaker 5: consistent winning issue, and you know, it's pretty easy to show,
Speaker 5: like if your premiums go up or down. So for
Speaker 5: the Democrats, that makes total sense to the wall in
Speaker 5: on this because healthcare in this country is ridiculous. I
Speaker 5: don't care who you are. That's a messageous, it's a mess.
Speaker 5: We're the world's the greatest superpower, but we can't figure
Speaker 5: out healthcare.
Speaker 3: I don't know why.
Speaker 5: So for for the Dems who miss you know, who
Speaker 5: controls the House, the Senate, the President are all Republicans,
Speaker 5: and in THEA in thirteen months from now, you can say, hey,
Speaker 5: I fought for your healthcare. I fought to keep the
Speaker 5: prices low. Because to your point, they're struggling on every
Speaker 5: other messaging. So for the Dems, it makes total sense
Speaker 5: to go all in on to protect the A.
Speaker 2: Yeah, which I mean, you think about it, it makes
Speaker 2: it healthcare affordable. Well that hell, it's not affordable. It's
Speaker 2: the problem. And you look at it empirically, Kevin, as
Speaker 2: you know, and this is outside of maybe you know,
Speaker 2: political strategy here, but the harsh realities, the fact that
Speaker 2: it's got to be subsidized for it to be affordable,
Speaker 2: which total he underminds the idea that it's affordable in
Speaker 2: the first place, maybe affordable to someone who's benefiting from it,
Speaker 2: but the overall it's it's that the prices are to
Speaker 2: control and this just adds to it.
Speaker 5: It is just a complete and total mess, you know,
Speaker 5: And it's something that what's interesting is, do you know
Speaker 5: Richard Nixon was the first person to propose universal health
Speaker 5: care in this country, So you know, and I remember
Speaker 5: when in the Trump's first term, Obama said, rename it
Speaker 5: trump Care. I don't I don't care if it keeps
Speaker 5: people and this kind of leads to the populism movement
Speaker 5: that you're seeing with even like MPG and people on
Speaker 5: the lap that you know, Israel has universal health care
Speaker 5: and we're giving them money. I mean, we have so
Speaker 5: many problems in this country that we're not taking care
Speaker 5: of our own. And it's really what Trump hit on
Speaker 5: with his American First policy and why he really won
Speaker 5: this selection, because people are tired of the status.
Speaker 2: Well, yet at the same time it feels like the
Speaker 2: status quote, doesn't it and does that now there's a
Speaker 2: long time between now in twenty twenty eight, does that
Speaker 2: populism start to backfire? I mean we're starting to see
Speaker 2: I don't know if it's cracks as much. Ted Cruz
Speaker 2: looks like he is trying going to make another run here.
Speaker 2: He is runner up in twenty sixteen, and we'll see
Speaker 2: what happens in twenty twenty eight. But it's like that's
Speaker 2: starting to call us, like, you know, the neocons are back,
Speaker 2: because it's like, hey, remember us over here, We're not
Speaker 2: as crazy and you know, we're not saying, we're not
Speaker 2: trotting out Robert Kennedy Junior saying and seeing things about
Speaker 2: Taylan Hall, and we're not shooting ourselves on the foot
Speaker 2: every other day and just doing wild buck ass wild stuff.
Speaker 2: We're like, hey, you know, we're gonna do conservative stuff,
Speaker 2: but it's not going to be the day to day
Speaker 2: swings and the craziness that we're seeing right now. I
Speaker 2: know that numbers and this is where you come in.
Speaker 2: Polling from this past month found that thirty three percent
Speaker 2: of adults age eighteen to twenty nine approved of his
Speaker 2: handling Trump's handling of deportation immigrations. Sixty seven percent disapproved.
Speaker 2: And that's interesting because you know, with the murder of
Speaker 2: Charlie Kirk, Trump won the last election because of the
Speaker 2: young vote turn ups for the young men, and you
Speaker 2: look at that and you go wow, even podcasters are
Speaker 2: now starting to maybe turn a little bit towards him
Speaker 2: in many areas. I wonder if that continues, and if so,
Speaker 2: what does.
Speaker 5: That mean, Well, if he loses that faith that he's
Speaker 5: the magnavement is just done to your point, and they
Speaker 5: really propelled why Trump won last election that the young men,
Speaker 5: the podcast I'm gonna call him the podcast bros. They
Speaker 5: came out and drove and to his credit, he saw
Speaker 5: the first avenue of go beyond everything and be you
Speaker 5: know on the podcast. But the problem is for the
Speaker 5: eighteen to twenty nine year olds, they can't afford houses.
Speaker 5: American dream is dead for them.
Speaker 3: Yeah.
Speaker 5: So when Trump first ran, he was populism, he was
Speaker 5: outside the status quo. Well he is the swamp now
Speaker 5: he is. I mean, he's been ingrained in American politics.
Speaker 5: If you're a thirty year old, thing about it your
Speaker 5: whole half of your whole adult life. Trump has been
Speaker 5: the dominating force in the Republican Party. So that's the
Speaker 5: fact that Ted Cruz is looking at and you know,
Speaker 5: to do an exploitatory committee because you're banking on if
Speaker 5: everything goes the same, he doesn't have an avenue to
Speaker 5: be president. If it gets a little bit worse, he
Speaker 5: does because like if Trump's new numbers approved, it's going
Speaker 5: to be JD. Vans or Marco Rubio because they're vice
Speaker 5: president sectary of state.
Speaker 3: You know, it's the.
Speaker 5: Passing of the tour. If their numbers not increasing, it
Speaker 5: goes down. Similar to like George Bush Dick Cheney that
Speaker 5: you had to have a normal and I'm doing are
Speaker 5: quotes around normal Republican run. You know, that's the avenue
Speaker 5: and it's all about matchups. So you know, you still
Speaker 5: have to see what the Democrats are going to do
Speaker 5: on their side, which they are so lost and disorganized.
Speaker 2: Right now, right that's the problem. Yeah, it feels like
Speaker 2: we're splitting hairs over the Republicans. Like Vance is the
Speaker 2: front runner, he's like pulling it like forty six almost
Speaker 2: fifty percent behind. In the closest one I think is
Speaker 2: vivik Is is twelve percent, so it's not even close,
Speaker 2: and then cruises even on the radar at this point.
Speaker 2: Now they could change. There's name recognition, he's in a
Speaker 2: big state like Texas. A lot of fundraising is critical.
Speaker 2: We'll see, and that's still a few years away. But yeah,
Speaker 2: there's some there's some cracks are starting to show here.
Speaker 2: And I think, you know, if you start losing the
Speaker 2: young vote because they are promised they're virsion of the
Speaker 2: American dream and they're going to be rich and plentiful,
Speaker 2: and hey, we're going to come in and we're going
Speaker 2: to fix healthcare and we're gonna do all these wonderful
Speaker 2: things and we're gonna it's gonna rain money and everyone's
Speaker 2: gonna be wealthy. And it's not happening, and it's getting
Speaker 2: worse actually, with inflation that starts to expose things. Then
Speaker 2: you add in the Epstein stuff that was a big
Speaker 2: turnout machine for him, and he's going to expose all
Speaker 2: this and he said, hey, nothing to see here. There's
Speaker 2: definitely opportunity. But the problem is this, the Democrats are
Speaker 2: so far out in the woods they can't even they
Speaker 2: can't even come up with a plan here, or at
Speaker 2: least a candidate and idea. They're grasping and shutting the
Speaker 2: government down and trying to save us money and get
Speaker 2: money back. Meanwhile, it's costing us what a trillion and
Speaker 2: a half dollars for a seven week extension for continuing resolutions.
Speaker 2: Basically means it's going to cost us an extra one
Speaker 2: and a half trillion dollars just to pump the football
Speaker 2: for seven weeks so they can pump the football again.
Speaker 2: It's insane. That's how far gone this whole thing is.
Speaker 2: They're clutching at the one thing they have, healthcare and
Speaker 2: trying to build around that. Well, they're gonna get a
Speaker 2: lot better plan than that. To your point, Bernie Sanders
Speaker 2: has come outed and introduced an oyster farmer. People are
Speaker 2: talking about socialism and oyster farmers. Now I don't know
Speaker 2: what the hell's going on all love.
Speaker 5: Well, so the grand planner guy you were talking about,
Speaker 5: and that's kind of where we were talking about the populism,
Speaker 5: he's gone up like gangbusters because the main governor was
Speaker 5: going to announce that she was going to run for Senate. Well,
Speaker 5: now it's actually a fight because he has kind.
Speaker 2: Of gone viral for lack of a better term.
Speaker 5: And his whole messages. In nineteen ninety there were one
Speaker 5: hundred billionaires. Today there are eight hundred. Are you eight
Speaker 5: times than you were in nineteen ninety? And that's a
Speaker 5: message that resonates to a lot of people. So it's
Speaker 5: gonna be very interesting to see which avenue comes back
Speaker 5: to the middle and which avenue stays for the populism movement.
Speaker 5: Because one thing that we didn't talk about for the
Speaker 5: eighteen to thirty year olds is a save act. You know,
Speaker 5: we haven't and I'm gonna say we Basically, if you're
Speaker 5: forty and under, you haven't made student en payment since COVID,
Speaker 5: what's gonna happen when those bills are due? And that's
Speaker 5: gonna hurt Trump's numbers even more so for the Dems.
Speaker 5: You know, it's so similar to twenty sixteen. You know,
Speaker 5: they just had a complete bottom out. And there's two
Speaker 5: avenues you can do. You can do what they did
Speaker 5: after the Reagan Bush era, moved to the center, you know,
Speaker 5: a Bill Clinton new type of Democrat, or you do
Speaker 5: the other which is the AOC, the Bernie Sanders, and
Speaker 5: you go far left. So we'll have to wait and
Speaker 5: see it.
Speaker 2: He is a Kevin Burton polster and political strategist with
Speaker 2: Crosstown Consulting that's right over the river in Kentucky. You're
Speaker 2: talking about what's happening with these new poles that are
Speaker 2: coming out. The DEM's in a lot of trouble right now,
Speaker 2: way underwater and a lot of area is the only
Speaker 2: one is healthcare that they're above water and that we
Speaker 2: care about, and that is what is driving the government
Speaker 2: shutdown right now because they can plan a flag and
Speaker 2: build around It's about politics, of course. It's not about
Speaker 2: trying to get insurance to people. It's not about trying
Speaker 2: to protect people. It's more of the same. We're gonna
Speaker 2: spend more money to try and win an election. And
Speaker 2: by the way, we're over thirty seven trillion dollars in debt.
Speaker 2: Now it's another trillion and a half to keep things
Speaker 2: going for seven weeks, so we can do this exercise
Speaker 2: all over again. And this is setting up, of course,
Speaker 2: what's going to happen in twenty twenty eight, which feels
Speaker 2: light years away, but it's really not. Republicans seem to
Speaker 2: have it. Sodo put jad Vance as the front runner,
Speaker 2: but that could all change because there's a anti populist
Speaker 2: movement going on. Ted Cruz is trying to bring the
Speaker 2: neo cons back to relevancy, and we'll see what happens
Speaker 2: over the next couple of years if they can actually
Speaker 2: pull that one out. But you know, you talk about
Speaker 2: left wing populism, and I think for a lot of
Speaker 2: people listening, it seems like it's, you know, that's just
Speaker 2: socialism as what it is, not not really, So what
Speaker 2: is a We know what a right wing populist is,
Speaker 2: it's Donald Trump. What's a left wing populist?
Speaker 5: Well that's a good question, And I mean, what's what
Speaker 5: happens when if if they get elected, how far do
Speaker 5: they have to come back to the middle. You know,
Speaker 5: I would argue that Biden was probably the most progressive
Speaker 5: president since LBJ, and so I would I would think
Speaker 5: that a populous president, you know, an AOC or a
Speaker 5: Bernie Sanders type, it's going to be even It's gonna
Speaker 5: be very similar to the probably FDR's Great Society, you know,
Speaker 5: the New Deal or not New Deal LBJ.
Speaker 4: You know.
Speaker 5: So I think it's stuff, Yeah, because I think they
Speaker 5: need to get back to basically kitchen cabinet issues, which frankly,
Speaker 5: they've gotten so far in the weeds. Listen, we get
Speaker 5: it that you don't like Trump. A lot of people
Speaker 5: don't like Trump, but Trump at least has a message
Speaker 5: that people knows where he stands. The Democrats have just
Speaker 5: been in such you know, disarray for people who like
Speaker 5: he's been like they're fanos, like he just has wiped
Speaker 5: them out and they have no idea how to come
Speaker 5: back to it, and how disorganized they are. You're leaving
Speaker 5: an avenue for that populism movement, very similar to twenty sixteen,
Speaker 5: when you know, you had everyone running for president and
Speaker 5: then you had this one business TV star who just
Speaker 5: had that avenue to the plurality, and it could very
Speaker 5: well happen on the left of time.
Speaker 2: I think The outlier here though, is the demographic shift
Speaker 2: in America. Of course, that line is always moving Kevin Burton,
Speaker 2: and it's always lear In the next election, we're going
Speaker 2: to be a lot greyer, We're going to be a
Speaker 2: lot more diverse. That means that the younger vote is
Speaker 2: going to have a lot more power. And what does
Speaker 2: said that mean for the GOP? What does that mean
Speaker 2: for Republicans?
Speaker 5: Well, so you know, Democrats were banking on that whole
Speaker 5: series since twenty sixteen. But don't have a good candidate,
Speaker 5: you still can lose, you know, And like the Hispanic
Speaker 5: vote is not one and the same. They have different beliefs,
Speaker 5: you know, and that's for everyone, So I get it. Yeah,
Speaker 5: So the real thing that I would really look at
Speaker 5: is for Democrats is actually kind of getting harder and
Speaker 5: harder because Pennsylvania, Michigan, Wisconsin are actually getting redder. And
Speaker 5: so for them to gain back to two seventy, they
Speaker 5: have to really see the college educated increase in Georgia, Arizona,
Speaker 5: North Carolina, and the white whale for Democrats have been
Speaker 5: for for thirty years of Texas, that's really their avenue
Speaker 5: because we've seen it in Indiana, We've seen it in Ohio.
Speaker 5: The Midwest has gone pretty far to the right, and
Speaker 5: I think you're going to see that continuation. And the
Speaker 5: three Roust Belt states that always.
Speaker 2: Decide the election interesting well, a lot going to change
Speaker 2: day to day, week to week, month to month, and
Speaker 2: certainly by the time twenty twenty eight rolls around. But
Speaker 2: it's going to be interesting the population shift and who
Speaker 2: takes advantage of that. I mean, Trump was brilliant and
Speaker 2: spotting the young, the young male vote predominantly white men,
Speaker 2: and he did really well with black men too for
Speaker 2: that matter. Wonder where that's going to be in twenty
Speaker 2: twenty eight, and you know, someone who leans to the
Speaker 2: right certainly. I just think that an opposing party and
Speaker 2: the Democrats, you have to have a better version of
Speaker 2: what they've offered now for the last two well maybe
Speaker 2: even more than two election cycles, simply because it makes
Speaker 2: the other party stronger. You know, having a weak Democratic
Speaker 2: party is not good if you have conservative views and beliefs.
Speaker 2: You have to have someone who's a strong opposition. And
Speaker 2: who knows, we may see the second coming of Bill
Speaker 2: Clinton coming along.
Speaker 5: I don't know, well, And competition is always good and anything,
Speaker 5: and you know, the Democrats have been basically the Cleveland
Speaker 5: Browns lately, and everything, everything they do is just Charlie
Speaker 5: Brown football, you know, and so until they get a
Speaker 5: unified message, and you know, and that was probably the
Speaker 5: Kammon of the biggest problem is that she didn't have competition.
Speaker 5: And competition and primaries sharpens your skills. It lets things
Speaker 5: out already, you know, to the public, so you can
Speaker 5: craft those messages that you know how to counter it.
Speaker 5: So on either side, you want a competitive primary because
Speaker 5: you want to give the American people a choice, and
Speaker 5: it sharpens your skills for the candidates.
Speaker 2: Well, it makes a country better too. I mean, look
Speaker 2: at look look at how deep Blue Hamlet County is,
Speaker 2: and look at the leadership and the lack they're off there.
Speaker 2: You look at the state of Ohio and look at
Speaker 2: how many things the voters approved in the legislators said,
Speaker 2: now we're in the majority, we're going to do what
Speaker 2: we want anyway. That's the problem. He is Kevin Burton,
Speaker 2: political strategist, Crosstown Consulting in Northern Kentucky. Thanks again, Kevin,
Speaker 2: great to check in with you.
Speaker 5: Thanks Scott.
Speaker 2: And the reason why I think you know, the certainly
Speaker 2: that they're focusing on healthcare. The one area where Democrats
Speaker 2: gore ion is and we think about twenty twenty eight.
Speaker 2: You know that thirty year old who's going to be
Speaker 2: thirty four years old in the next election, tired of
Speaker 2: waiting for healthcare to come to them as fear and
Speaker 2: fear of people become insured, and so you're going to
Speaker 2: have to That may be the huge issue for twenty
Speaker 2: twenty eight. We'll see a lot's happens sight now and
Speaker 2: then run and late. Of course. Scott flown Show continues
Speaker 2: afternoons on seven hundred WWE. Slooney back on seven hundred WLW.
Speaker 2: Just said Kevin Burton on with Crosstown Consultants. Hees a
Speaker 2: political analyst, Polster and the like. A lot of local
Speaker 2: and regional issues too as well, and the issue about
Speaker 2: populism fading. But I want to get back to the
Speaker 2: big story, of course, that everyone's talking about. That'd be
Speaker 2: the government shutdown. I don't know, you know, it's not
Speaker 2: fair to say it's the biggest story because I think
Speaker 2: property taxes affect more people in Ohio and certainly Kentucky, Indiana.
Speaker 2: We have went. Yeah, those are the pocketbookations that we
Speaker 2: all feel. But you know the big news store of course,
Speaker 2: oh the government shut down and they we're so close
Speaker 2: last night. We need more votes and what can be done?
Speaker 2: And Kevin is on and pointing out to point it
Speaker 2: out and agreeing rightly, so is the theater of this
Speaker 2: whole operation that both sides need this trauma to continue
Speaker 2: to do what they do, and that is be largely
Speaker 2: and grossly inefficient and incompetent. I'll get to that in
Speaker 2: just a second, but pointing out the you know, the
Speaker 2: infighting with Republicans and you know Trump, and we're getting
Speaker 2: people are getting burned out with the Trump stuff, and
Speaker 2: it's just a constant, steady drum beating. The guy does
Speaker 2: more than six months, and most presidents do in two terms.
Speaker 2: But there's also a burnout factor, right, there's a real
Speaker 2: exhaustion factor with us where we just tune it out
Speaker 2: and don't pay attention as much anymore, and then only
Speaker 2: when something outrageous is said or done or perceived to
Speaker 2: be done, then you know, it gets suck backed into
Speaker 2: the cycle. And so it goes for most average people
Speaker 2: who don't follow this stuff day to day, and that
Speaker 2: closely and probably even worse if you do follow this
Speaker 2: stuff closely, the fact of the matter is Democrats and
Speaker 2: a lot of trouble because they're underwater and all the
Speaker 2: important things. You know, for example, the economy. You know,
Speaker 2: you can criticize, and rightly so, the tariffs, but you know,
Speaker 2: when you're eleven points under Trump when it comes to
Speaker 2: how they would handle the economy, that's that's terrible. The
Speaker 2: only thing they're ahead on is and then I think
Speaker 2: the only critical thing they're had on is healthcare. And
Speaker 2: we know the healthcare system in America has broken, long
Speaker 2: since been broken. It doesn't work for anybody. And of
Speaker 2: course we on one side wants the government to completely
Speaker 2: and utterly take it over. And then the other side
Speaker 2: is like, well, you know, it's then you're going to
Speaker 2: socialize men. We can have socialists. And even though we
Speaker 2: you know, we have a lot of socialist policies that
Speaker 2: Republicans agree with, it's still the perception that socialized medicine's
Speaker 2: going to destroy things and you're going to take it away,
Speaker 2: You're going to steal my healthcare. Well, if you're when
Speaker 2: the dwindling numbers of Americans in healthcare works for for
Speaker 2: you and you vote, you're going to be strongly against
Speaker 2: any idea like that. But you know, as younger people
Speaker 2: get more power at the ballot box and realize the
Speaker 2: importance of showing up to elections and doing all that,
Speaker 2: then I think you're gonna see the pendulum swing. What
Speaker 2: that's going to look like in the future, I don't know.
Speaker 2: But the fact the matter remains is that the one
Speaker 2: issue that Democrats score higher on than Republicans or than
Speaker 2: Trump is I guess in this case would be healthcare,
Speaker 2: which is exactly why they're holding holding things hostage because
Speaker 2: I think they knew that Americans and not all Americans,
Speaker 2: were talking about those who are pull those are surveyed
Speaker 2: in the polls, right, Because that's what you go with,
Speaker 2: is that Americans believe that Democrats are better on healthcare. Well,
Speaker 2: if you frame this soul shutdown about trying to protect
Speaker 2: your health care, naturally they're going to side with Democrats
Speaker 2: on that not knowing the facts. So what's going on
Speaker 2: makes sense human nature and politicians from both sides of
Speaker 2: the aisle, they make their money by the rest of
Speaker 2: us being ignorant. I mean, if you look at Obamacare,
Speaker 2: for as long as it's been around, it's what twenty fourteen. Well,
Speaker 2: we know it's been a dog, it's been a little
Speaker 2: it's been a money loser. You know, the prime premiums
Speaker 2: go up, millions of people lose their health insurance despite
Speaker 2: the promises they would not, and Americans buying large look
Speaker 2: at it favorably. And that is because the subsidies keep coming.
Speaker 2: You know, under Joe Biden, he had to use COVID
Speaker 2: as a cover to fund more money, take more subsidy
Speaker 2: to prop a Blabamacare. Well that's long since gone. That's
Speaker 2: long since gone. And the reality is we're subsidies in
Speaker 2: the house. So you know, is it affordable. Yeah, but again,
Speaker 2: if you take our taxpayers from from Trey A and
Speaker 2: shuffle to Trey C in order to pay for this stuff,
Speaker 2: it's not really cheap. It's extremely expensive, and fear and
Speaker 2: fear of people are being insured as results. So I
Speaker 2: put out the subsidy difference. We'll get into this maybe
Speaker 2: next hour in this because I think it's just so critical.
Speaker 2: But the idea here that we're going to shut the
Speaker 2: government down, I'm Democrats of this. Comings Hey, the one
Speaker 2: issue that Americans are going to sile and will be healthcare.
Speaker 2: So it looks like we're trying to save Obamacare safe
Speaker 2: healthcare and keep twenty two million people from being affected
Speaker 2: by this. We're going to look like heroes, and so
Speaker 2: far people are buying it. But you know the other
Speaker 2: elements here too that we keep missing. And this whole
Speaker 2: thing is the theater of shutting government down. As I
Speaker 2: pointed out, it's going to cost us well over a
Speaker 2: trillion dollars to shut things down, to basically shut this
Speaker 2: thing down. But it's gonna cost an extra twillion and
Speaker 2: a half dollars to patch this thing over so we
Speaker 2: can kick the can down the road to what's seven
Speaker 2: more weeks? So this would extend things for seven weeks. Okay, great,
Speaker 2: you get to carry trillions of dollars, more money, more
Speaker 2: and more money, more subsidy. And what happens is this
Speaker 2: thing just prolongs the agony to continuing resolution will only
Speaker 2: go for another seven weeks. So it's costing us more money.
Speaker 2: We got to borrow more money, We've got to sink
Speaker 2: further in debt in order to extend the budget for
Speaker 2: another seven weeks. Why don't we just settle this thing now,
Speaker 2: Why don't we just get this thing done?
Speaker 1: Well?
Speaker 2: We can't do that because we have to hold people
Speaker 2: hostage any idea. And we hear stories about individuals who
Speaker 2: work for the government, federal employees who are concerned about
Speaker 2: whether their next check is coming. What about them? And
Speaker 2: there's numbers of them that have to show up to
Speaker 2: work and not get paid. At some point, you will,
Speaker 2: you'll be made whole. It always happens, and it may
Speaker 2: be a week, at maybe two and maybe a month.
Speaker 2: And unfortunately, because of the economics of life, is that
Speaker 2: a lot of people don't have that kind of money
Speaker 2: in reserve. And unlesson as well, you should have that. Yeah,
Speaker 2: I mean it's easy to say that if you're not
Speaker 2: in a good position, but most people don't. And that's
Speaker 2: the reality of So who gets hurt in this Some
Speaker 2: federal employees. But yeah, if you can tough it out
Speaker 2: for another week or so, it'll probably come to a conclusion.
Speaker 2: The fact the matter remains, as I put us before,
Speaker 2: to put this all in perspective, that only about eight
Speaker 2: percent of the federal budget is currently not funded because
Speaker 2: of the shutdown. Those are this will be the non
Speaker 2: essential departments. It's only eight percent. The other ninety two
Speaker 2: percent of government seems to be essential. And whether it's
Speaker 2: a Democrat or Republican a shutting thing down, they still
Speaker 2: agree that ninety two percent of government, ninety two percent
Speaker 2: is essential. So I'll put it back to my Republican friends,
Speaker 2: my MAGA friends, my Dozehrens. Sounds kind of phony to say, hey,
Speaker 2: we're going to shut government down and only non essential
Speaker 2: people are going to get furlized. So ninety two percent
Speaker 2: of government's essential. That kind of undermines everything you're about.
Speaker 2: And the essential parts would be defense, it'd be veterans, affairs,
Speaker 2: and health and human services, and education and labor and energy,
Speaker 2: and air traffic controllers and TRENT to the TSA and customs,
Speaker 2: and that sounds like a lot.
Speaker 4: You know.
Speaker 2: It's interesting too. I think about twenty five percent of
Speaker 2: the FAA is affected by this, which should cause just
Speaker 2: enough disruption for someone to notice we have a and
Speaker 2: on that point, you know, just enough to be uncomfortable.
Speaker 2: I just saw a story pop up on Fox News
Speaker 2: here as I was talking about this, actually right before
Speaker 2: I was talking about this, there's an airport in California, Burbank, California,
Speaker 2: where no, they had absolutely no air traffic controls on
Speaker 2: the job. I don't know how big a field Burbank is.
Speaker 2: I mean, we know Burbank because of you know TV
Speaker 2: and like Burbank, California. But I don't know how big
Speaker 2: a field that is. But it's just you know, it's again,
Speaker 2: it's just enough to scare you go, oh my god,
Speaker 2: they don't have air traffic control to show up to
Speaker 2: the airports. Oh it's Burbank, California. You know the majority
Speaker 2: of the airfields. And I'm not talking about airports like
Speaker 2: CVG and Dayton and Indianapolis and Columbus and the light
Speaker 2: and I'm talking about your fields like you Oh hey,
Speaker 2: there's you know, general aviation out there, there's somebody in there.
Speaker 2: Most of those. Most of those aren't aren't. There's no
Speaker 2: one there most of the time. It's all like remote
Speaker 2: You could trigger the lights to come out automatically, basically
Speaker 2: if you're flying a plane at night. The bigger ones
Speaker 2: with passenger assure a different story. But okay, so they
Speaker 2: don't have air traffic control. Sturt in a couple hours
Speaker 2: in Burbank. And so again it's that just enough to
Speaker 2: cause you to notice, to make a headline. Hey, you're
Speaker 2: still gonna get your student loan, you're gonna get your
Speaker 2: Social Security, you're gonna get your your subscription for where,
Speaker 2: your prescription and for whatever, and your subscription to your
Speaker 2: prescription for plavix or whatever the hell it is. It's
Speaker 2: kind of you know, I don't know. The Constitution says, hey,
Speaker 2: you know, we have to pay our congress people, our senators.
Speaker 2: They're going to make X amount. That's that's written in
Speaker 2: the concourse, that's written in the constitution. Can't change that.
Speaker 2: But you have so long ago, if you know, if
Speaker 2: you stop their healthcare benefits, their benefits, their entitlements, you
Speaker 2: wonder how many times they shut the government down. I'm
Speaker 2: just saying. I'm not saying. I'm just saying, like, of
Speaker 2: of a sudden, people in the executive people, the legislative branch,
Speaker 2: they wait to hold on, hold on, just so I
Speaker 2: can't go to the I think I was supposed to
Speaker 2: have a teeth cleaning. I got to I got my
Speaker 2: teeth cleaning. Later to say, you mean I can't I
Speaker 2: got to pay for that, my oh no, no, no, no,
Speaker 2: no no. It could be a entirely different story if
Speaker 2: they were affected by this in some degree. But you know,
Speaker 2: a lot of this is protected by the Constitution and
Speaker 2: all on all. The bottom line is this is nothing.
Speaker 2: It's a temper tantrums.
Speaker 1: What it is.
Speaker 2: We wound our outrage for our cause, not outrage at
Speaker 2: the system that encourages it. Now, if you really want
Speaker 2: to feel the pain, you know the other this is
Speaker 2: cutting off their benefits. But if you started monkeying with
Speaker 2: under a Medicare and social security, now all of a sudden,
Speaker 2: people are gonna be angry. We can't have that. We
Speaker 2: want you sort of like, oh my god, government shut down.
Speaker 2: How does it affect me? Well, we're not quite sure.
Speaker 2: You're absolutely sure. It's most Americans, most people, almost all people.
Speaker 2: It's not gonna affect you at all. Okay, So there's
Speaker 2: a national park that's closed. Well, the grass is getting
Speaker 2: pretty high around here. That's about it, you know, that's
Speaker 2: why they close the non essential what's the parks, museums.
Speaker 2: It's a good visual. The illustration is, I don't know.
Speaker 2: I show up to a place and I've got to
Speaker 2: I know, I have business with them. I look and man,
Speaker 2: there's nobody. The receptions are receptionists. There's no one in
Speaker 2: the lights are off it. But I see people in
Speaker 2: the background. It's kind of like the same thing, like
Speaker 2: the receptionist has the day off, the receptionist desk is
Speaker 2: closed and the lights are off, but everyone else behind
Speaker 2: the scenes like that's they're still doing stuff.
Speaker 3: I'd mean, like.
Speaker 2: I walk in and Ronald McDonald is laid off, he's furloughed.
Speaker 2: They're still making burgers though, oh yeah, yeah, we're still
Speaker 2: We're still making burgers. But the clown, the clown's furloughed.
Speaker 2: Oh okay, got it. Basically what this is and it's
Speaker 2: a shutdown, is simply that is that like democrats are going, Look,
Speaker 2: the only issue we got right now is healthcare. The
Speaker 2: only one that people trust us on is toing. And
Speaker 2: our plan is really to take piles of money, more
Speaker 2: money than is needed, and subsidize it from Pile A
Speaker 2: and move it over to Pile B or C. And
Speaker 2: it makes it look like like health insurance is affordable
Speaker 2: for folks. And I granted people in my family like this.
Speaker 2: If you don't have health care and you need healthcare,
Speaker 2: which we all do, you don't care where the money's
Speaker 2: coming from. You don't care that it's bankrupting a marria.
Speaker 2: You don't care about that because you need to get
Speaker 2: your kid at the doctor. You need the office, is
Speaker 2: it or maybe someone in your family sick. God forbid.
Speaker 2: We shouldn't vilify people for that. The people are on it,
Speaker 2: like we need healthcare. And we know that in America
Speaker 2: unless you work for a big, big comp I mean,
Speaker 2: I'm fortune. I work for a big company right now
Speaker 2: and they have great health insurance. But most businesses, and
Speaker 2: we're talking to the engine drives America, the economy is
Speaker 2: small business. So people who employ one hundred and ninety
Speaker 2: nine folks or less. We've seen over the decades and
Speaker 2: over the last few years, for that man, a lot
Speaker 2: of number has been dwindling. I might spell a fall
Speaker 2: like a rock, the number of small businesses that can
Speaker 2: afford healthcare insurance. And so at some point you think
Speaker 2: it's all going to tip in the balance, it's going
Speaker 2: to go the other way where we have younger voters,
Speaker 2: as we talked about Kevin, who are going to be
Speaker 2: more impactfully. You know, with each following election, older Americans
Speaker 2: have become less relevant. We age out, and we start
Speaker 2: to notice that around the time you start to get
Speaker 2: the AARP things and the mailbox are going a wait,
Speaker 2: a minute I'm thirty five, I'm forty years old, They're
Speaker 2: send me AARP stuff. Yeah, you're starting to get on
Speaker 2: the radar, man. And if you've ever turned on any
Speaker 2: on a traditional streaming or TV as we used to
Speaker 2: call it back in the day, turnt show, I don't
Speaker 2: understand any of this, I don't understand it. Or you
Speaker 2: turn on I don't know a music. I don't understand.
Speaker 2: I don't know who the music is. You're not supposed to.
Speaker 2: It's built for an entirely different generation. But the closer
Speaker 2: you get to sixty five and eventually beyond from a
Speaker 2: political standpoint, from a marketing standpoint, the less relevant we
Speaker 2: have Each day we age past the age of well
Speaker 2: up until about fifty to fifty four years old. After
Speaker 2: that we become more and more irrelevant. That's just the
Speaker 2: way it has always been that way, myself included. Now,
Speaker 2: you do have some sway politically when it comes to
Speaker 2: showing up to vote, because generally older you are, the
Speaker 2: more skin you have in the game, the more you're
Speaker 2: paying attention, and the more time you have for that
Speaker 2: matter to be out and be active and go vote.
Speaker 2: But you know, as we start to die off, as
Speaker 2: baby movers are sposal to start to die off. That
Speaker 2: means a younger generation that is going to be millennials
Speaker 2: and gen zers now are voting, and it's going to change.
Speaker 2: I think at some point in our lifetime, at least
Speaker 2: in my lifetime, we're going to see medicine become more socialized.
Speaker 2: Like eventually, it's going to have to change because no
Speaker 2: one wants it. Like right, it's a pain in the
Speaker 2: butt to use. If you're an employer, you spend a
Speaker 2: ton of money and effort. Every well Benefits season's about
Speaker 2: to kick off, and where they do. They kick the
Speaker 2: tires on the plan, going how can we save money?
Speaker 2: Should we jump from should we be blue cross and
Speaker 2: blue shiels? Should we go to university to unc? Should
Speaker 2: we go? You know, and you start looking for alternatives
Speaker 2: there simply because you're trying to keep the rates to
Speaker 2: the cost down. It costs too much money and the
Speaker 2: cost of compliance is too much. A doctor's office, you
Speaker 2: go in there and there's seven people behind the desk.
Speaker 2: One of them have anything to do with your healthcare.
Speaker 2: The rest are you know, trying to figure out medical billing,
Speaker 2: coding and things like that. The whole industry is propped
Speaker 2: up that way, kind of like taxes are, right, you
Speaker 2: can need an army of accountants. The more money you
Speaker 2: make to figure out what the hell, how the hell
Speaker 2: I'm going to pay ten and what all this means?
Speaker 2: I can't figure it out myself and then make it
Speaker 2: complicated on purpose. It's the bureaucracy, and it's the red
Speaker 2: tape that keeps some of these folks employed. So businesses
Speaker 2: don't want that. The only one people want it would
Speaker 2: be the insurance companies and government. And this is the issue.
Speaker 2: So anyway, government continues to shut down. And if you
Speaker 2: don't believe me on any of this stuff, all you
Speaker 2: have to do is look at the markets. When this
Speaker 2: thing first broke, I said, I get you. You got
Speaker 2: to look at it, and really markets haven't changed all
Speaker 2: the much. We'll have Andy Schaeffer from all Worth Financial
Speaker 2: on about eleven thirty five. We'll talk about this a
Speaker 2: little bit more, because Wall Wall Street has baked this
Speaker 2: in already, going, yeah, we shut the government down what
Speaker 2: every ten minutes on the tens and if it goes
Speaker 2: more than you know, a month, then we start to
Speaker 2: pay attention because it's going to start to affect things
Speaker 2: but we're a long way away from that right now.
Speaker 2: Just remember eight percent, all of this shutdown business, all
Speaker 2: of the theatrics, all of the theater, it's all over
Speaker 2: eight percent of the government.
Speaker 3: That's all it is.
Speaker 2: Anyway, Let's get a news update in and more to
Speaker 2: follow at eleven oh seven. On that note, Demian Brady's
Speaker 2: here from the National Taxpayers Union. Who really wins the
Speaker 2: government shutdown? We'll talk about that next on seven hundred WLWT, Cincinnati.
Speaker 3: My keyword on our website shaty. That's shack You enter.
Speaker 4: It now, american'slny backtown seven hundred Wowan.
Speaker 2: We're almost into the second full week tomorrow, the first
Speaker 2: quite the second full week of shutdown theater despite talks yesterday.
Speaker 2: Oh we're so close, are you? Dems are holding out
Speaker 2: for COVID era tax subsidies for Obamacare and the credits
Speaker 2: that are scheduled to expire at the end of this year.
Speaker 2: Do you know where that money goes if it's successful?
Speaker 2: You know who is going to benefit the most if
Speaker 2: the Democrats get their way. Damian Brady is here with
Speaker 2: the National Taxpayers Union, which is an adevacy group for
Speaker 2: national taxpayers, which is all of Us Damian, welcome back.
Speaker 5: How are you.
Speaker 6: I'm doing well?
Speaker 2: Thanks?
Speaker 3: How were you?
Speaker 2: I'm doing well, although I'm sick to see that the
Speaker 2: national debt as well well, over thirty seven trillion dollars
Speaker 2: now and in exchange for about seven weeks of funding. Uh,
Speaker 2: this is going to cost us about another trillion and
Speaker 2: a half dollars. So the fiscal malpractice continues, doesn't it.
Speaker 3: Yeah, I mean here we are.
Speaker 6: This is the twent the first government shutdown since the
Speaker 6: modern budget system was set up. You know, it's clearly busted. Uh,
Speaker 6: it's not working for taxpayers. We have politicians who aren't
Speaker 6: acting responsibility. There's a simple deal there to continue funding
Speaker 6: through most of November, and they continue to hammer out
Speaker 6: the final funding deal for the next fiscal year, which
Speaker 6: which has already started. And yeah, everything is being held
Speaker 6: up because the Democrats want to continue this program that
Speaker 6: was created on a temporary basis and it's super expensive
Speaker 6: and it should just be allowed to inspire.
Speaker 2: Yeah, but it's a making it makes health care affordable.
Speaker 2: Wait a minute, now, this is about getting money for
Speaker 2: more subsidy. So if you have to subsidize something, it
Speaker 2: doesn't make it cheaper.
Speaker 6: No, especially when it's coming out of the taxpayers pocket.
Speaker 6: And there's lots of problems with with this program. So yeah,
Speaker 6: So the subsidies are created for Obamacare, which mandated, you know,
Speaker 6: all these requirements that have to be covered in healthcare policies,
Speaker 6: and it set up these exchanges within the states. And
Speaker 6: it's not very it's not very costly. I mean, it's
Speaker 6: not very cheap. It's very expensive. It requires there's already
Speaker 6: a subsidy that was created in the original law, so
Speaker 6: that during the pandemic, while the Democrats had control of
Speaker 6: the White House, the House of Representatives, and the Senate,
Speaker 6: they created this special plus up subsidy for the Obamacare subsidies,
Speaker 6: which went well above the poverty line, made a lot
Speaker 6: more people eligible for it very expensive, and they created
Speaker 6: it on a short term basis. Before it was set
Speaker 6: to expire. They extended it again in the so called
Speaker 6: Inflation Reduction Act, and it's supposed to expire at the
Speaker 6: end of this fiscal year, at the end of this
Speaker 6: calendar year. But yeah, the Democrats want to keep the
Speaker 6: subsidy going because Obamacare is just not a very good program.
Speaker 6: It needs all these subsidies. But we shouldn't be embedding
Speaker 6: all the spending into the budget. We should let these
Speaker 6: expire and get tax players a break.
Speaker 2: Yeah, this is this conversation with Demian Brady National Textpayers,
Speaker 2: and it's not a referendum on our healthcare system. Are
Speaker 2: our healthcare system is jacked. It's it's it's horrible for everybody.
Speaker 2: That's not what we're debating. We're talking about holding the
Speaker 2: government up the costings, some of the trillion and a
Speaker 2: half dollars to kick the can for another seven weeks
Speaker 2: so we can do this all over again and shut
Speaker 2: it down over something else, but largely its healthcare, because
Speaker 2: that is the one issue that Democrats are above water
Speaker 2: on and hold like an eleven point lead over Trump
Speaker 2: on everything else, the economy, defense, you name it, outside
Speaker 2: of I think the environment, in women's rights, they're underwater on.
Speaker 2: And if it's the one thing that you can hey, well,
Speaker 2: Democrats are good on healthcare. Let's let's shine a light
Speaker 2: on that. Let's make an issue. And this doesn't solve
Speaker 2: the problem because it's not like the Republicans have a
Speaker 2: better alternative to what we're doing right now. And that's
Speaker 2: that's the rub. You know, this is all about subsy
Speaker 2: So this Obamacare subsidies so it can be affordable for
Speaker 2: the regular man and woman, which I get. You don't
Speaker 2: care if you don't have health insurance. You just want
Speaker 2: someone to pay for it. But the problem is it
Speaker 2: doesn't work. Let me use an illustration and tell me
Speaker 2: if I'm right or wrong about this daming. So let's
Speaker 2: go to colle let's talk about when we all own
Speaker 2: subsidy of college. Right, and so the government says, hey,
Speaker 2: everyone goes to college. It's going to be great. And
Speaker 2: you know, we've got these loans and these programs, and
Speaker 2: you go to school and whether or not you finish,
Speaker 2: it doesn't matter. You've still got to pay us back
Speaker 2: at some point. We're going to get our money back.
Speaker 2: We're going to subsidize college. We're going to continue to
Speaker 2: ask for more and more money to make college more affordable.
Speaker 2: And it seems like the more subsidy you give universities
Speaker 2: and colleges, the more they raise tuition. It just keeps
Speaker 2: going up and up, or at least it did anyway.
Speaker 2: Isn't that what the problem is with healthcare is we
Speaker 2: continue to subsidize it, and therefore insurers just continue to
Speaker 2: do well, we'll just we're just going to continue to
Speaker 2: take more money, make more profit. Is the same Is
Speaker 2: it the same thing?
Speaker 6: Pretty much as a vicious spiral. There's no intensives control
Speaker 6: costs because they know politicians are going to come in
Speaker 6: and and them buckets of money of taxpayer dollars, so
Speaker 6: they have no incentive to control their costs. And this
Speaker 6: is the problem, especially with these Obamacare subsidies, is that
Speaker 6: they're very complex. There's lots of improper payments. So at
Speaker 6: the beginning of the year, taxpayer estimates how much they
Speaker 6: are going to earn that year, and then the payments
Speaker 6: are set up in advance and they go directly to
Speaker 6: the healthcare insurance companies in these marketplaces, and then when
Speaker 6: you pay your taxes, then you have to reconcile it.
Speaker 6: So a lot of people's incomes turns out to be
Speaker 6: different than what they estimated, so a lot of that
Speaker 6: money has to be clawed back, and it's it's very complex.
Speaker 6: It's a big burden on the government, and it's also
Speaker 6: a very expensive refundable credit, which means if refundable credits
Speaker 6: are credits, you can get well above and beyond any
Speaker 6: tax income tax that you owe. So it's basically just
Speaker 6: a welfare program run by the Internal Revenue Service, and
Speaker 6: in this case, the benefits go the payments are going
Speaker 6: through these healthcare companies. Very costly. They want to make
Speaker 6: it permanent. It would cost about forty one billion dollars
Speaker 6: a year for the next decades to do that, and
Speaker 6: we should just let them expire with a temporary program
Speaker 6: during an emergency. You know, Democrats had any had every
Speaker 6: opportunity to make the Superman into program when they first
Speaker 6: created it or when they extended it again in the
Speaker 6: Inflation Reduction Act that they knew was expensive. So they
Speaker 6: try to kick the can down the road so that
Speaker 6: they can have this debate all over again.
Speaker 2: Yeah, he's Daman Brady with the National Taxpayers Union. And
Speaker 2: as the government continues into starting tomorrow, second week of shutdown,
Speaker 2: Democrats just want a trillion and a half dollars in
Speaker 2: exchange for a seven week band aid that's going to
Speaker 2: keep the government open for seven more weeks so they
Speaker 2: can continue to negotiate and then shut it down probably
Speaker 2: seven weeks. This is going to add another trillion and
Speaker 2: a half dollars. This is about healthcare, it's about more
Speaker 2: subsidies for Obama era healthcare insurance plans. And I get it.
Speaker 2: People they are struggling. And you know, if that's you,
Speaker 2: you don't care where the money's coming from. You just
Speaker 2: want relief. I understand that. But this is part and
Speaker 2: pressle for the problem is that it's out of control.
Speaker 2: Much like you know, subsidized college or anything for that matter,
Speaker 2: it's just going to cause someone to make a profit.
Speaker 2: And who loses are the taxpayers, the students in college
Speaker 2: when it comes to colleges, because they're in debt over
Speaker 2: their heads. In this case, it's bankrupting the federal government,
Speaker 2: which is all of us together collectively. And at the
Speaker 2: end of the day, what you're saying is the winners
Speaker 2: aren't the people. It's not the twenty two million people
Speaker 2: who need the healthcat it's insurance companies. They're going to
Speaker 2: continue to raise rates and we'll do this all over again.
Speaker 2: That's really what this is. This is taking federal tax
Speaker 2: payer money and giving it to health insurance brokers.
Speaker 6: It's also completely unfair, not just the taxpayers, but also
Speaker 6: to federal employees because a lot of them are getting
Speaker 6: furloughed to home and without pay. Some of them are
Speaker 6: still required to go into their office and work without pay.
Speaker 6: It's a hit on the economy every day by the
Speaker 6: slower economic activity. And taxpayers deserve a functioning government that
Speaker 6: we have paid for. And now there's lots of ways
Speaker 6: we can reduce to the size of government. Uh you know,
Speaker 6: but it's eventually taxpayers will have to pay back the
Speaker 6: all the federal workers for the time of the government.
Speaker 6: So we're basically paying them for nothing. They get a
Speaker 6: vacation with a lot of stress because you don't know
Speaker 6: how long this is going to last. We have to
Speaker 6: worry about mortgage and rent and food and other bills
Speaker 6: that come through. So this is completely unfair to well
Speaker 6: the Democrats' main constituency, which are federal workers.
Speaker 2: My big concern over all this though, is what about
Speaker 2: Speaker Johnson and King Jefferyes. I mean, they still get
Speaker 2: health insurance, right, They're still getting paid.
Speaker 3: Is that true?
Speaker 1: Yeah?
Speaker 2: Because thank god, thank god for that. Well, you know,
Speaker 2: I know, we can't do anyth when it comes to
Speaker 2: the pay though, Damien, But there's nothing constitutional about the
Speaker 2: healthcare benefits. What what if we somebody came in and said, hey,
Speaker 2: you know what if the government shutdown and people are
Speaker 2: that you don't get you don't get the perks, you
Speaker 2: don't get the benefit. Ina, you can get your salary,
Speaker 2: but you're we'd never have a shutdown, would we?
Speaker 1: No?
Speaker 6: Yeah, or you mandate the no work, no work, no
Speaker 6: pay is doing work and we you know, let's give
Speaker 6: taxpayers a break for that, you know. And there's also
Speaker 6: a very simple solution to this, Uh Senator Lankford and
Speaker 6: UH Jody Errington in the House that the chair of
Speaker 6: the Budget Committee have introduced a bill called the Preventing
Speaker 6: Government Shutdown ZACH, which would provide for continuing short term
Speaker 6: rolling resolutions to continue funding at the previous levels. And
Speaker 6: then Congress is mandated to stay here in Washington, d c.
Speaker 6: And hammer the stuff out until it gets done. And
Speaker 6: this way, uh, you know, taxpayers have pay for holl
Speaker 6: these services will continue to operate, Feral employees will get
Speaker 6: paid and do their job like we have this this
Speaker 6: furlough where they're going to get paid for you know,
Speaker 6: non productive days.
Speaker 2: Uh damien. The fact the matter is is or held
Speaker 2: hostage again for another week when it comes to government shutdowns,
Speaker 2: and really not because it's only eight percent of federal
Speaker 2: spending on our federal budget is being locked out right now.
Speaker 2: So it's ninety two percent of government is essential and
Speaker 2: present that to Republicans and I'll go, well, that's not
Speaker 2: so you're saying it ninety two percent of government is essential.
Speaker 2: The bottom line is only eight This only affects eight
Speaker 2: percent of the government. That's the craziest part about this,
Speaker 2: this theater that we're performing. When it comes to shutdown.
Speaker 6: Yeah right, it really should be known as as a
Speaker 6: partial shutdown because lots of activities do do continue, you know.
Speaker 6: But then you know, I just have to remember that
Speaker 6: if people are required to go to work and they're
Speaker 6: not getting paid, it it affects people in the military too.
Speaker 6: We'll see if this gets resolved by I think that
Speaker 6: October fifteenth is the next payday for members of the
Speaker 6: armed forces, So we'll see how this goes on. And
Speaker 6: you know, also air traffic controllers. The last shutdown went
Speaker 6: on for over thirty days and then towards the end,
Speaker 6: air traffic controllers we're calling in sick. You know, we're
Speaker 6: coming up on a holiday season two where people want
Speaker 6: to travel for Thanksgiving or make plans for Christmas. So
Speaker 6: hopefully we'll see a resolution near of viditor. You know,
Speaker 6: it all depends on taxpayers. Yeah, telling their Democratic senators
Speaker 6: to let's get this done. Let's get things working again
Speaker 6: and fund the government and fund that's not in bed
Speaker 6: these forty one billion dollars per year problematic subsidies into
Speaker 6: the cederal budget. Let's let's unexpire.
Speaker 3: Yeah.
Speaker 2: That's the sad part about this is despite Obamacare and
Speaker 2: we're fighting, the number of uninsured Americans is rising, despite
Speaker 2: the subsidies. That's what we're having. Healthcare is becoming more
Speaker 2: rare and rare and rare. The more we fight about
Speaker 2: this instead of coming up with a.
Speaker 6: Solution, and subsidy is not the way to do it.
Speaker 6: You need to find incentives for healthcare providers to be
Speaker 6: able to control costs.
Speaker 2: Well, that's easier said than done. One of the things
Speaker 2: starting around, of course, is waste, fraud and abuse. How
Speaker 2: much is there, where's it coming from?
Speaker 6: Well, that's another thing. The Democrats want to roll back
Speaker 6: some of the work requirements that were passed in the
Speaker 6: One Big Beautiful Bill Act for Medicare and supplemental nutrition programs.
Speaker 6: So that's that's another thing that they're fighting for as well. Uh, Yeah,
Speaker 6: a lot, a lot of waste, A lot of people
Speaker 6: could be working, a lot of people could be paying
Speaker 6: for their own insurance with that's the big subsidy from taxpayers.
Speaker 2: Yeah, it's all well and good, but it's it's hard
Speaker 2: to find a job these days. This is in the
Speaker 2: economy of five years ago. That's the other factor.
Speaker 6: Well, the unemployment rates are are still relatively low, you know.
Speaker 6: That's we also have the tax law that was just
Speaker 6: passed a lot to let people keep more of their money,
Speaker 6: creates incentive for investments. So you know, once we get
Speaker 6: things operating again, people will be able to go out
Speaker 6: and find work and you know, opportunities to experience small
Speaker 6: businesses have Uh, there's lots of opportunities with the tax.
Speaker 2: And that's that's a I mean, if you work for
Speaker 2: a big company and you have health care benefits, you know,
Speaker 2: that's solid, that's great, But we know that the engine
Speaker 2: that drives American economy are small businesses. And if you
Speaker 2: employ less than two hundred people, chances are it's very
Speaker 2: rare for you to be able to offer healthcare benefits
Speaker 2: getting exceedingly rare, so you could work you know, a
Speaker 2: couple two or three jobs and still not have healthcare coverage.
Speaker 2: That's the problem.
Speaker 6: Yeah, and we also need to get energy costs under control.
Speaker 6: We have all these years where we're incentivising everything to
Speaker 6: go electric, and now we also have the development of
Speaker 6: the alternative intelligence industry and all the rise of data centers.
Speaker 6: Now there's extreme demand for electricity. We need to have
Speaker 6: all energy options on the table. And so that's one
Speaker 6: good thing that's going on with lots of deregulation to
Speaker 6: reduce a lot of the burdens on energy companies and
Speaker 6: on small businesses.
Speaker 2: He is Demian Brady, National textpay As Union. I assume
Speaker 2: it's not going to go longer than thirty five days,
Speaker 2: which is our record for shut downs. Let's be something
Speaker 2: in the next couple of weeks, and then we'll just
Speaker 2: kick the can down the road and I'll probably we'll
Speaker 2: have the twenty second government shutdown in the modern air.
Speaker 6: Yeah, let's let's prevent that from happening. Let's pass the
Speaker 6: Prevent Government Shutdowns Act, so this way we don't have
Speaker 6: to worry about this ridiculous situation ever happening. Again, taxpayers
Speaker 6: deserve a functioning government, and you know we and we
Speaker 6: shouldn't be having a shutdown with plans that are designed
Speaker 6: to increase the federal debt. We need to be looking
Speaker 6: for ways to control the size of government, not create
Speaker 6: permanent new subsidies of a very problematic, troubled, and extensive program.
Speaker 2: Looking out for you. It's Damian Brady over at National
Speaker 2: Taxpayers Union and to you. Thanks again. I appreciate the time.
Speaker 5: Thank you, sir.
Speaker 3: Have a great day, sir.
Speaker 2: It's a Scott's Loan show on seven hundred WLW. It's
Speaker 2: pretty easy to figure out just taking these these complex
Speaker 2: things on the shutdown. What's it about. Well, it's about
Speaker 2: the one issue that Democrats are strong on healthcare. So
Speaker 2: we'll make that. We'll plant that flag and go shutting
Speaker 2: down the government to get you more health care, to
Speaker 2: save your health care, which is a huge issue. I
Speaker 2: get it. I'm not saying it's not necessary.
Speaker 4: It is.
Speaker 2: We all need it and our system is broken. That's
Speaker 2: not debatable, that's fact. What we can debate is whether
Speaker 2: or not this is a reasonable thing to do, considering
Speaker 2: it's costing US a trillion and a half dollars, a
Speaker 2: well over a trillion dollars to extend have a continuing
Speaker 2: resolutions basically says, well, we don't have a budget. We're
Speaker 2: just going to continue to discuss it in seven weeks.
Speaker 2: It's insane and these way to look at it a
Speaker 2: subsidy much like college. What happened with a college bubble? Well,
Speaker 2: everyone goes to college. Government backs all the student loans.
Speaker 2: You can take out an unsecured loan. You don't have
Speaker 2: to have anything to back up the money. You go
Speaker 2: to college. Maybe you get a four or five year degree.
Speaker 2: Maybe you do, but what about a third or more don't,
Speaker 2: And you still have to pay that money back. And
Speaker 2: we can go after future earnings. We can garnish your wages,
Speaker 2: we can go after social security, we can make your
Speaker 2: life a living hell till you make us whole. What
Speaker 2: a shakedown? Yeah yeah, you gotta go to college otherwise
Speaker 2: your life's gonna suck. Okay, I went. My life still
Speaker 2: sucks now. Now I got to pay back fifty thousand
Speaker 2: dollars one hundred thousand student loans, even though the graduate
Speaker 2: our burdened with the loans, and who benefits goes back
Speaker 2: to well, the federal government and universities is continue to
Speaker 2: raise tuition, or they did anyway, simply because they're being subsidized.
Speaker 2: And it's the same thing in healthcare. Subsidize more health care,
Speaker 2: healthcare casts go up for the rest of us. The
Speaker 2: easiest way to fix college you know here, like someone
Speaker 2: like Willie, Like when he went to college, he had
Speaker 2: a house, he had a wife, he went on vacation,
Speaker 2: he had a car, he had money, and he was
Speaker 2: able to pay for school. How the hell are you
Speaker 2: going to do that today? You can because subsidy has
Speaker 2: driven the money up. It's artificial money, and when the
Speaker 2: bell rings, you have to pay it back. Musical chairs
Speaker 2: with health care, same thing we subsidize, subsidized, subsidize. If
Speaker 2: we just said, okay, that's it, your employer can no
Speaker 2: longer provide insurance for you, you got to buy it
Speaker 2: in the free market, like you do with their house,
Speaker 2: with your car, with life insurance, all that stuff. We'd
Speaker 2: have enough plenty of money left over to be able
Speaker 2: to take care of the indigen and the people who
Speaker 2: truly need it and still save money and actually just
Speaker 2: pay for healthcare out of pocket instead of having it subsidized.
Speaker 2: But again, this is why people like me don't get elected,
Speaker 2: because you don't have to carve stuff out to get elected.
Speaker 2: You just make it fair. Saloni's seven hundred WW. Time
Speaker 2: to talk.
Speaker 7: About money, how to make it, how to keep it,
Speaker 7: and how to keep others off your stack. This is
Speaker 7: all Worth Advice with Andy Shaeffer.
Speaker 2: It is Andy Shaeffer and all with Financial Simply money
Speaker 2: showers at six o'clock on fifty five, k Se jumps
Speaker 2: in Tuesday morning for you like a little market recap.
Speaker 2: As he headed into the lunchhower, what's up, buddy, It's
Speaker 2: been a while. Good to be back with you. How's things,
Speaker 2: how's life?
Speaker 3: Yeah, everything's great. Looking forward to the week, getting into it.
Speaker 2: Good, good good. I did want to bring this up.
Speaker 2: I know the Fifth Third has acquired America. Co America
Speaker 2: is huge ten point nine billion dollars. They just I
Speaker 2: don't know if they put that on the credit card
Speaker 2: or what. I'm not quite sure, but this is the
Speaker 2: ninth largest US bank merger and expands fifth thirds. I
Speaker 2: know co America is pretty big up north across Michigan
Speaker 2: and the like to a pretty big banking outfit that
Speaker 2: they have now acquired that's going to close maybe first
Speaker 2: quarter of next year. What does that mean that those
Speaker 2: of us in Cincinnati the local economy and those who
Speaker 2: work for Fifth Third.
Speaker 8: Yeah, I think it's good. You know, co America is
Speaker 8: a big bank. They're based out of Dallas, Texas. I
Speaker 8: remember when I went to an advisor conference down there
Speaker 8: in the spring where there was a big presence of Comerica,
Speaker 8: you know, and I think this is a good deal.
Speaker 8: It was largely a stock deal worth ten point nine
Speaker 8: billion dollars. And what we're seeing is like this puts
Speaker 8: Fifth Third in the position to be the ninth largest
Speaker 8: bank and the United States. So this is a strategic move.
Speaker 8: We're starting to see the cost of a lot of
Speaker 8: compliance regulatory issues that are hitting a lot of the
Speaker 8: smaller banks that we're starting to see a lot of mergers.
Speaker 8: This really solidified Fifth Third Bank as a number two
Speaker 8: position in the core Midwest markets. So this is a
Speaker 8: big deal for not only the local economy but also nationally.
Speaker 8: And you're starting to see more trends where banks are
Speaker 8: starting to consolidate, and I think the Third saw an
Speaker 8: opportunity and took it here.
Speaker 2: When you do mergers, though, that means hey, everything's to
Speaker 2: get the memo. Everything's great, We're gonna need it's going
Speaker 2: to be wonderful for everyone, and then in a few weeks,
Speaker 2: if not months, that's when the layoffs start. How bad
Speaker 2: the cuts you think coming down.
Speaker 8: I don't think there's going to be a lot of
Speaker 8: layoffs in this situation, but you never know. You know,
Speaker 8: a lot of times these mergers take a long time
Speaker 8: to develop. I remember when Charles Schwab bought TDM Error Trade,
Speaker 8: and it took about three years before you know, all
Speaker 8: the dust settled, you know, between both of them, and
Speaker 8: you didn't even get access to really a Schwab website
Speaker 8: if you were a TDOM Error Trade investor in three
Speaker 8: years away. So this can take some time. We have
Speaker 8: to see how it kind of weave through, you know,
Speaker 8: the economy and as far as payroll and things like
Speaker 8: that are concerned. But it does kind of strike a
Speaker 8: balance between rewarding the come America's shareholders. There's a seventeen
Speaker 8: percent premium on the buy and not hurting the so
Speaker 8: there's there was a zero tangible book value dilution there,
Speaker 8: and so that's good all the way around for not
Speaker 8: only fifth third employees investors, but also uh CA America
Speaker 8: employees and investors.
Speaker 2: Yeah, six to nine months, that's when the x falls. Anyway,
Speaker 2: long story, yeah, about six to nine months, positive thoughts,
Speaker 2: throwing people out the window. You're good, You're good for
Speaker 2: a while. And I'm in a little middle of next year.
Speaker 2: Let's get the latest on the government shutdown. Oh we're
Speaker 2: so close to a deally. Oh my god. The political
Speaker 2: theater is it's maddening. And this is why. You know,
Speaker 2: someone I was talking to gonother to're wringing their hands
Speaker 2: about the government shutdown, like, do you work for the
Speaker 2: government now? Are you going to get paid?
Speaker 3: Well?
Speaker 2: Yeah, but but but I just like, look just look
Speaker 2: at Wall Street. All you need to know about this
Speaker 2: shutdown is look at Wall Street. Wall Street seems to
Speaker 2: think it's fine because you all know how to make
Speaker 2: money whether it's red or blue.
Speaker 8: Yeah, we seem to be largely brushing it off from
Speaker 8: an investor standpoint you. Last night the Senate voted fifty
Speaker 8: two to forty two against the House bill needs sixty
Speaker 8: votes to advance. So this is the fifth Senate no vote,
Speaker 8: this resolution to fund the government basically through November twenty first.
Speaker 8: And so you know, with this shutdown, you say, okay, well,
Speaker 8: you know what can potentially happen. I think One of
Speaker 8: the different things about this one is that Trump's White
Speaker 8: House of Office Management and Budget has indicated that agencies
Speaker 8: could pursue mass layoffs. I don't think it's going to
Speaker 8: get to that point. But I think most importantly the
Speaker 8: effects of this is the type of data investors will
Speaker 8: receive moving forward. You know, on Friday, we were not
Speaker 8: able to get the jobs report, which was very significant
Speaker 8: because the FED bases a lot of decisions on whether
Speaker 8: to cut rates or raise rates based on the jobs report.
Speaker 8: And if this continues on, you know, we might not
Speaker 8: get a number of other data. The September CPI will
Speaker 8: be withheld, the labor survey will be disrupted, and the
Speaker 8: FED is going to meet again at the end of October.
Speaker 8: And if they don't have a lot of this data,
Speaker 8: they're kind of operating in the dark some degree. Now,
Speaker 8: there are some other indicators that exist, but they're not
Speaker 8: really the sub any substitute for the major readings that
Speaker 8: we have. And so while it looked, you know, positive
Speaker 8: that we would see a rick cut in October, it's
Speaker 8: hard to say now. And I think right now it
Speaker 8: has more to do with momentum other indicators, and they
Speaker 8: look at the earnings report a little bit more succinctly
Speaker 8: to determine what they're going to do in October. But
Speaker 8: right now the markets are expecting a cut in October,
Speaker 8: and if we don't get this data, that becomes a
Speaker 8: little bit more cloudy.
Speaker 2: So there is then leverage on Republicans because you know,
Speaker 2: we've seen this administration come in and say, well, the
Speaker 2: numbers are wrong, we do them or fire the people
Speaker 2: in charge of the numbers. We don't know if the
Speaker 2: numbers is going to be good or bad, but that
Speaker 2: that's a foregone conclusion. If you continue to kick the
Speaker 2: can down the road, it's like it kind of helps them,
Speaker 2: but it doesn't simply because what winds up occurring is
Speaker 2: now all of a sudden, the interest rate cuts that
Speaker 2: you need it may not happen as a result of this.
Speaker 2: That'll be an interesting fight if it comes down to
Speaker 2: that in the future.
Speaker 8: Yeah, and I think they're you know, both the Democrats
Speaker 8: and Republicans are trying to position themselves in a way
Speaker 8: of being the sympathetic, sympathetic figure. You know, from a
Speaker 8: Republican standpoint, they're saying, you know, to the Democrats, you know,
Speaker 8: they're adding, you know, some additional you know, Obamacare subsidies
Speaker 8: and things like that that weren't in the build before.
Speaker 8: And the Republicans were saying, hey, alls we wanted was
Speaker 8: just to continue this on until November twenty first, where
Speaker 8: we can negotiate a little bit more. From the Democrat side,
Speaker 8: they could say, hey, the Republicans are holding this up
Speaker 8: by not negotiating with us now, and that could cause
Speaker 8: some layoffs in certain government entities, maybe some furloughs, maybe
Speaker 8: some loss of pay for the time being. And so
Speaker 8: right now, I think it's more about both parties trying
Speaker 8: to position themselves as the sympathetic figure in this debate.
Speaker 2: All right, So we did see some numbers come out
Speaker 2: ahead of the shutdown, and that is kind of a
Speaker 2: glimpse of what might be going on. What might be
Speaker 2: going on, Andy.
Speaker 8: Shafer, Well, we've received some data. We received some jobs
Speaker 8: number of the Jolt survey, which we like to call
Speaker 8: the take this job and shove it survey, which basically
Speaker 8: is the survey where if you currently have a job,
Speaker 8: it's when somebody is actually looking for another job so
Speaker 8: they feel good about the opportunity there. So there was
Speaker 8: a little bit of an increase in openings there. However,
Speaker 8: we saw the quick rate fall to one point, suggests
Speaker 8: that employers are less confident about our employees are less
Speaker 8: confident about finding work if they quit, and we've seen
Speaker 8: that bear out with a lot of the other data. Again,
Speaker 8: if you have a job right now, it's likely that
Speaker 8: you will continue to keep your job. But if you
Speaker 8: don't have a job, it's becoming harder and harder to
Speaker 8: find a job at this point.
Speaker 2: Okay, does that then indicate anything relative to the labor market.
Speaker 2: It's starting to cool off.
Speaker 8: Yeah, it is starting to cool off. So the labor
Speaker 8: market market's kind of losing some steam right now. And
Speaker 8: we are seeing the Institute for Supply Management where they
Speaker 8: have the manufacturing survey and also the services survey. Both
Speaker 8: of those are hovering around fifty, which is neutral. We
Speaker 8: were previously an expansion and so we are seeing some
Speaker 8: cooling off now. Growth overall is still it's not collapsing,
Speaker 8: it's still remaining positive, but the momentent is signally fading.
Speaker 2: It's not recession, but it feels like and if you
Speaker 2: have a job, hold on to it because despite what
Speaker 2: the unemployment rate is right now, it's difficult from what
Speaker 2: I understand, and the numbers have backed it up to
Speaker 2: get a job.
Speaker 8: Yeah, And I think a lot of that has to
Speaker 8: do with the uncertainty that's still out there. We still
Speaker 8: see the impact of tariffs. We don't really know how
Speaker 8: that's going to shake out. A lot of business leaders
Speaker 8: right now or kind of holding the cards that they
Speaker 8: have and not making any rash decisions as far as
Speaker 8: adding numbers or subtracting numbers. And it's more of a
Speaker 8: kind of a wait and see approach for business owners
Speaker 8: and leadership within the business community.
Speaker 2: All right, So relative to tariffs, I think it's a
Speaker 2: good time to maybe kick the tires on that. I
Speaker 2: know that the federal government is certainly raking a lot
Speaker 2: of money, a lot more money than I have in
Speaker 2: the past, But what does that mean to the rest
Speaker 2: of us? What does that mean if I have a small,
Speaker 2: medium sized business.
Speaker 8: Yeah, well, I think what you're seeing right now is
Speaker 8: that the costs are starting to increase. And you know,
Speaker 8: once again, I think with tariffs, there's a timeline on
Speaker 8: this long as inflation has been under control and it
Speaker 8: has been fairly sticky.
Speaker 3: We're in the high twos at this point.
Speaker 8: Again, the fedest preferred inflation measures too, but the Federal
Speaker 8: Reserve has said, hey, you know, we're not you know,
Speaker 8: targeting two percent as a be all, end all. As
Speaker 8: long as we feel like it's somewhat under control, we're.
Speaker 3: Comfortable with that. Well, it's starting to tick up a
Speaker 3: little bit.
Speaker 8: The more that these tariff conversations continue to go on,
Speaker 8: the more that the cost of goods and supply are
Speaker 8: going to be probably passed on to the consumer. We've
Speaker 8: seen that with beef prices most recently. There's a number
Speaker 8: of reasons why we've seen beef prices hit a record highs.
Speaker 8: We've seen a nationwide cattle inventory drop to its lower
Speaker 8: levels in seventy years. Part of that has to do
Speaker 8: with drought that we've had over the last few years,
Speaker 8: but a lot of that has to do with the
Speaker 8: fact that we're seeing the costs of farmers, whether it's
Speaker 8: you know, the feed that they have or overhead, and that's.
Speaker 3: Kind of continue to increase the cost onto the consumer.
Speaker 8: The We have a beef tariff on Brazil that's facing
Speaker 8: seventy six percent tariffs, and other beef producing countries are
Speaker 8: also facing terrafts like that, So you know, we're seeing
Speaker 8: it succinctly within you know, the cost of beef, and
Speaker 8: we're seeing that other places as well. You're familiar with,
Speaker 8: you know, cost of housing and development there, Scott, and
Speaker 8: so you know, I think at some point we have
Speaker 8: to start knocking down big deals with our biggest trading partners.
Speaker 3: All right on it.
Speaker 2: You know, the cost of beef. I think it was
Speaker 2: like a well above six dollars a pound, between six
Speaker 2: and seven dollars a pound de penaardy right now, which
Speaker 2: is absolutely insane. Yeah, as far as that costs, and
Speaker 2: it's killing a lot of American family well and and
Speaker 2: again I think you know, with this drought is particularly
Speaker 2: in the Midwest. You know what happens if you're a
Speaker 2: farmer and you start to see a drought on the horizon,
Speaker 2: a lot of times you're gonna you're gonna have to
Speaker 2: go ahead and harvest those cows, right otherwise it's just
Speaker 2: not going to be good beef. And so you know
Speaker 2: that inventory was depleted a few years ago because of
Speaker 2: the drought that we were having, and they're having a
Speaker 2: hard time ratcheting up, you know.
Speaker 8: Their production to meet demand. We're starting to see a
Speaker 8: higher demand for beef whether it's steaks, ground beef, whatever
Speaker 8: it is. I think there's less of you know, negative
Speaker 8: connotne to beef consumption.
Speaker 3: You're starting to see a lot.
Speaker 8: Of health experts saying that, hey, it is pretty healthy
Speaker 8: as long as you prepare it right. You didn't moderation
Speaker 8: and things like that. And furthermore, there's been a lot
Speaker 8: of illnesses with cattle from Mexico, and the Department of
Speaker 8: Agriculture in May basically said, hey, we're going to take
Speaker 8: a look at this because there's the screwworm epidemic there,
Speaker 8: which is a flesh eating parasite, and it affects that
Speaker 8: cattle that's closer to the US border where we could
Speaker 8: get additional supply and that's been cut off as well.
Speaker 3: So there's a lot of things that play here. I
Speaker 3: think this beat.
Speaker 8: These beef prices could go well and the next year
Speaker 8: as far as an elevated cost to the consumer, but
Speaker 8: hopefully we'll be able to figure it out in years
Speaker 8: to complady.
Speaker 2: And you you've learned a new semi sort of curse word.
Speaker 2: They can call people a screwworm. Now that's a new
Speaker 2: throw that around the office place. Hey, y a screwworm.
Speaker 2: I don't know if HR would like that. I'm not sure. Well, yeah,
Speaker 2: that's on the look in the mirror anyway. He's Andy
Speaker 2: Schaeffer Worth Financial. And bring this up too, because it's
Speaker 2: not like we're going to quit eating burgers in ground
Speaker 2: beef and stuff like that. And I note that too,
Speaker 2: because new studies come out said, Ohio, oh hi, we're
Speaker 2: in the top ten as far as credit card debt
Speaker 2: increase goes. We're number eight in the country. Average Ohio
Speaker 2: households owns what about nine three and fifty dollars in
Speaker 2: credit card debt.
Speaker 8: Yeah, and think about it from a family point of view.
Speaker 8: You know, not everybody has a stake every month. You
Speaker 8: know that can be costly, but most families, if you're
Speaker 8: trying to be economical, use a lot of ground beef.
Speaker 8: You can use it for cast roles, you can use
Speaker 8: it for chili, and it's way to feed a large
Speaker 8: number of people within your family. And so that's really
Speaker 8: the cost that I think is going to hurt families
Speaker 8: the most. And you're starting to see, you know, credit
Speaker 8: card debt continue to rise, You're starting to see savings dwindle.
Speaker 8: You know, most people have been trying to build up
Speaker 8: their savings quite a bit because of the uncertainty of tears. Well,
Speaker 8: as this continues to play out and costs continue to
Speaker 8: get passed on to the consumer, those savings start to
Speaker 8: become less and less and the credit card debt continues
Speaker 8: to rise. And what we've also seen, particularly in Cincinnati,
Speaker 8: is that it's becoming you know, Cincinnati is one of
Speaker 8: becoming one of the more expensive cities to live in
Speaker 8: over the last six months to a year, specifically within housing,
Speaker 8: you know, whether it's the cost of buying a house
Speaker 8: or whether it's rents.
Speaker 3: It's not easy out there right now.
Speaker 8: And hopefully we'll be able to get some relief with
Speaker 8: an interest rate cut, but again without this data and
Speaker 8: the government shutdown, it's hard to say whether we do
Speaker 8: get one or October.
Speaker 2: A lot of people are and I think the overall
Speaker 2: thing is just a general uneas still correct that the thousand.
Speaker 3: I think so, yeah.
Speaker 8: I mean most of the meetings that I have with clients,
Speaker 8: it's it's more about uncertainty. What should I do to prepare?
Speaker 8: Is this something that can continue on? Are we going
Speaker 8: to continue to see prices increase? If they're business owners,
Speaker 8: they're worried about the productivity of their of their company
Speaker 8: and the profitability of their company.
Speaker 3: I have a young couple coming in today.
Speaker 8: They're both government workers, and I know what the conversation
Speaker 8: is going to be is, how do we prepare what
Speaker 8: happens if I do get furloughed, and what should.
Speaker 3: Our next steps be.
Speaker 8: So, you know, regardless of what type of a stage
Speaker 8: of life you're in, or what kind of business you're in,
Speaker 8: or what kind of job you have, there's a lot
Speaker 8: of uneasiness with everybody right now.
Speaker 2: Yeah, no doubt about the only person who seemingly doesn't
Speaker 2: have a care in the world's Taylor Swift.
Speaker 3: Yeah. Yeah, she probably had a new album come out.
Speaker 3: I guess the other night.
Speaker 2: Well that's how out of touch you are with the
Speaker 2: common people right there. On Friday, I dropped at what midnight,
Speaker 2: and she had more downloads. I think it literally shut
Speaker 2: the internet down. People stayed up till midnight. Grown ass
Speaker 2: women stayed up till midnight to download the forty two
Speaker 2: minute album. She has got a lott. No, I did
Speaker 2: not say, because you know what, it's not a live thing.
Speaker 2: I didn't need to get up and download it. In
Speaker 2: the middle of the night. It's like, yeah, they'll still
Speaker 2: be new to you in a day or two or
Speaker 2: a week whenever you get it.
Speaker 8: Well, you think you know Taylor Swift, you know, that's
Speaker 8: not really my kind of music, But I do appreciate
Speaker 8: her and what she does and the talent has and
Speaker 8: not only that, if you remember, you know the tour
Speaker 8: that she had, the Airs tour when she came to Cincinnati,
Speaker 8: that flooded in millions and millions of dollars to our
Speaker 8: local economy.
Speaker 3: So I'm pro Taylor Swift. Oh yeah, she's.
Speaker 8: Continuing to put music and stuff out there. But you know,
Speaker 8: the the fanfare for it, you know, does help our
Speaker 8: economy quite a bit.
Speaker 2: Yeah, but you know some of the songs, it's the
Speaker 2: thing here to Go. Yeah, that's Taylor Swift. That's I
Speaker 2: don't know the name of the song, but I know
Speaker 2: the song.
Speaker 8: Yeah, I think I know them when they come on, right,
Speaker 8: but I couldn't tell you, you know, off the top
Speaker 8: of my head some the names of the songs.
Speaker 2: Yeah, yeah, seemingly Okay, So there's a one prore we
Speaker 2: found someone in there. She's just crushing it either way.
Speaker 2: Doesn't have a cat the government's why it shut down,
Speaker 2: doesn't Taylor Swift. But on my own government, he's Andy
Speaker 2: Schaeffer all Worth Financial. They have a show called Simply
Speaker 2: Money the airs weeknights at six on our sister station
Speaker 2: fifty five KRC. He pops in tuesdays little financial tune up.
Speaker 2: I just look at the markets and there in the
Speaker 2: green and it goes to show you what a joke
Speaker 2: the shutdown is.
Speaker 6: Now.
Speaker 2: In the future, let's say it's shut down for thirty
Speaker 2: forty days. Now we don't start to get some financial reports.
Speaker 2: And once it starts to impact the economy in the markets,
Speaker 2: then they these guys start paying attention. But right now
Speaker 2: it's all theater. Andy, have a great week. Appreciate you, Okay, Scott,
Speaker 2: thanks a lot time. Willie is on the way in
Speaker 2: just minutes here with the news and the make sure
Speaker 2: I'm back tomorrow nine oh six. Here on the home
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Speaker 2: now