1 00:00:10,960 --> 00:00:16,560 Speaker 1: This is America's Trucking Network with Kevin Gordon. Welcome more. 2 00:00:16,920 --> 00:00:19,800 Speaker 2: Thanks for tuning in on this Thursday morning. I get 3 00:00:19,880 --> 00:00:23,119 Speaker 2: to start off with saying that, well, yesterday, when I 4 00:00:23,120 --> 00:00:26,479 Speaker 2: got off the air, I thought that I had said 5 00:00:26,520 --> 00:00:28,960 Speaker 2: something wrong, so I went back and checked it, and 6 00:00:29,040 --> 00:00:33,199 Speaker 2: actually I was right. So I was wrong about being wrong. 7 00:00:33,760 --> 00:00:37,440 Speaker 2: Which what does that do? It actually makes me right right, 8 00:00:37,960 --> 00:00:40,839 Speaker 2: So a good thing. I didn't have to correct it 9 00:00:40,920 --> 00:00:44,360 Speaker 2: because you know that would lose you would lose faith 10 00:00:44,400 --> 00:00:47,519 Speaker 2: in me, because you know, on this program atn we're 11 00:00:47,600 --> 00:00:48,200 Speaker 2: never wrong. 12 00:00:48,560 --> 00:00:51,559 Speaker 1: So good thing. I didn't misspeak yesterday. 13 00:00:51,600 --> 00:00:53,600 Speaker 2: And I when I thought I was wrong, I was 14 00:00:53,640 --> 00:00:56,080 Speaker 2: actually wrong about being wrong, So I guess it was right. 15 00:00:56,680 --> 00:00:59,560 Speaker 2: You know, last week we talked about this government shut down, 16 00:01:00,160 --> 00:01:03,120 Speaker 2: all these scare tactic tactics that everybody were going to 17 00:01:03,160 --> 00:01:04,960 Speaker 2: be using, and one of the big things that they 18 00:01:05,000 --> 00:01:08,839 Speaker 2: brought up was, well, you know, although social Security checks 19 00:01:08,840 --> 00:01:10,480 Speaker 2: are going to be coming out, that's not going to 20 00:01:10,520 --> 00:01:14,120 Speaker 2: be affected. But whatever the annual cola that cost of 21 00:01:14,160 --> 00:01:18,000 Speaker 2: living index or cost of living allowance is adjusted, is 22 00:01:18,040 --> 00:01:21,000 Speaker 2: going to be pushed back some and it may not 23 00:01:21,200 --> 00:01:24,800 Speaker 2: get there by January. Now, mind you Okay, we're not 24 00:01:24,959 --> 00:01:28,080 Speaker 2: in the age of you know, calculators and pencils and 25 00:01:28,160 --> 00:01:31,880 Speaker 2: people having you do things manually. I made the comment 26 00:01:31,920 --> 00:01:33,759 Speaker 2: at the time that you know, you make a credit 27 00:01:33,760 --> 00:01:38,039 Speaker 2: card payment online and immediately, within seconds, the money's out 28 00:01:38,080 --> 00:01:43,360 Speaker 2: of your account. Certainly they have got some mechanism that 29 00:01:43,400 --> 00:01:47,040 Speaker 2: they can make this adjustment. And they talked about during 30 00:01:47,080 --> 00:01:52,320 Speaker 2: that particular story that normally the adjustment last year came 31 00:01:52,360 --> 00:01:55,600 Speaker 2: out on October the tenth, and that the government shut down, 32 00:01:55,880 --> 00:01:58,320 Speaker 2: it wasn't due to be released until the fifteenth of 33 00:01:58,360 --> 00:02:02,600 Speaker 2: this month, which is today, no yesterday. And so I 34 00:02:02,720 --> 00:02:05,640 Speaker 2: mentioned at the time that even if it's delayed a 35 00:02:05,640 --> 00:02:09,400 Speaker 2: few days, because most of these government shutdowns, the longest 36 00:02:09,440 --> 00:02:13,640 Speaker 2: one was during the first Trump administration with the Democrats 37 00:02:13,680 --> 00:02:16,680 Speaker 2: in charge, and that lasted for thirty five days, We're 38 00:02:16,720 --> 00:02:20,240 Speaker 2: already into what three and a half weeks, so this 39 00:02:20,280 --> 00:02:21,920 Speaker 2: should be ending pretty shortly. 40 00:02:22,240 --> 00:02:24,639 Speaker 1: But I mentioned that, you know, this is just scare tactics. 41 00:02:24,680 --> 00:02:27,520 Speaker 2: And the way the headline was written, and I've talked 42 00:02:27,520 --> 00:02:30,920 Speaker 2: about this before, is that people generally, or there's a 43 00:02:30,919 --> 00:02:33,040 Speaker 2: lot of people that all they do is they look 44 00:02:33,080 --> 00:02:35,360 Speaker 2: at the headlines on their phones. They don't dig into 45 00:02:35,400 --> 00:02:37,880 Speaker 2: the stories the way we do here on America's truck 46 00:02:37,919 --> 00:02:40,840 Speaker 2: A Network, pick apart the stories, dissect them, and come 47 00:02:40,919 --> 00:02:44,360 Speaker 2: up with the nuggets of journalism that's been committed within 48 00:02:44,440 --> 00:02:47,680 Speaker 2: the story buried however, but we've dug them out and 49 00:02:47,720 --> 00:02:50,920 Speaker 2: talked about it, and in some cases we pointed out 50 00:02:50,919 --> 00:02:54,600 Speaker 2: that sometimes the last paragraph of the story pretty much 51 00:02:54,760 --> 00:02:59,320 Speaker 2: negates everything that was said during the regular story. And 52 00:02:59,360 --> 00:03:02,919 Speaker 2: I've brought up several times that the headline doesn't even 53 00:03:02,960 --> 00:03:05,840 Speaker 2: match the story. So when we were digging into this 54 00:03:06,280 --> 00:03:10,160 Speaker 2: details last week talking about this, the headline and as 55 00:03:10,200 --> 00:03:11,720 Speaker 2: I said, most people will just be. 56 00:03:11,720 --> 00:03:12,800 Speaker 1: Looking at the headlines. 57 00:03:13,120 --> 00:03:16,720 Speaker 2: The headline said government shutdown could delay yearly Social Security 58 00:03:16,800 --> 00:03:21,600 Speaker 2: payment announcement. Now, because there's limited space on your phone 59 00:03:21,720 --> 00:03:25,760 Speaker 2: in terms of the sentences, they may have cut that off. Now, 60 00:03:26,120 --> 00:03:28,480 Speaker 2: in some instances, when you look at Google and they 61 00:03:28,680 --> 00:03:31,000 Speaker 2: kind of do an explanation of what the stories are, 62 00:03:31,400 --> 00:03:35,080 Speaker 2: sometimes the last word or two are left off. Government 63 00:03:35,120 --> 00:03:38,800 Speaker 2: shutdown could delay yearly Social Security payment. That might be 64 00:03:38,880 --> 00:03:40,960 Speaker 2: what some people just saw. So they would be going, 65 00:03:40,960 --> 00:03:42,560 Speaker 2: oh my god, you know, so security is going to 66 00:03:42,600 --> 00:03:44,920 Speaker 2: be delayed, And I said, you know, let's be calm 67 00:03:44,960 --> 00:03:45,440 Speaker 2: about this. 68 00:03:45,480 --> 00:03:48,160 Speaker 1: They've got other ways. In fact, all they have to 69 00:03:48,200 --> 00:03:48,960 Speaker 1: do is take. 70 00:03:48,800 --> 00:03:51,000 Speaker 2: The average from the beginning of the year up to 71 00:03:51,480 --> 00:03:54,680 Speaker 2: It'll be one month short. But take that average and 72 00:03:54,800 --> 00:03:58,880 Speaker 2: use that well low And be hold all the handwringing, 73 00:03:59,040 --> 00:04:01,360 Speaker 2: all the stuff that was last week that oh, this 74 00:04:01,440 --> 00:04:03,480 Speaker 2: is going to be delayed. We don't know if this 75 00:04:03,560 --> 00:04:06,080 Speaker 2: is going to get into effect by January. The effect 76 00:04:06,120 --> 00:04:08,920 Speaker 2: that the checks may not be adjusted. They'll have to 77 00:04:08,920 --> 00:04:10,240 Speaker 2: go back and adjust. 78 00:04:09,840 --> 00:04:11,920 Speaker 1: That later on. Well, no, okay. 79 00:04:12,360 --> 00:04:16,560 Speaker 2: New Social Security cola release date confirmed amid government shutdown. 80 00:04:16,839 --> 00:04:20,000 Speaker 2: The announcement of the Social Security annual inflation adjustment to 81 00:04:20,080 --> 00:04:23,479 Speaker 2: benefits has been delayed due to the government shutdown, but 82 00:04:23,839 --> 00:04:27,279 Speaker 2: the agency responsible for handling the benefits increase has set 83 00:04:27,320 --> 00:04:31,039 Speaker 2: a date for releasing the data next week. SOBI Security 84 00:04:31,080 --> 00:04:34,920 Speaker 2: benefits undergo a cost of living adjustment COLA, as it's called, 85 00:04:35,440 --> 00:04:39,400 Speaker 2: every year, which updates benefits amounts to account for inflation 86 00:04:39,600 --> 00:04:42,400 Speaker 2: over the last year. The size of the annual cola 87 00:04:42,600 --> 00:04:45,279 Speaker 2: is determined by the rise in the consumer price index 88 00:04:45,600 --> 00:04:46,560 Speaker 2: over the prior year. 89 00:04:46,800 --> 00:04:48,120 Speaker 1: And again, if they're. 90 00:04:47,920 --> 00:04:51,560 Speaker 2: Having problems with this, you already have January February, already 91 00:04:51,560 --> 00:04:56,679 Speaker 2: have through the month of September. Well, yeah, August at least, 92 00:04:56,880 --> 00:04:58,960 Speaker 2: so you got at least eight months worth of data, 93 00:04:59,200 --> 00:05:01,320 Speaker 2: or maybe a and a half months worth of data. 94 00:05:02,040 --> 00:05:02,840 Speaker 1: If you have a. 95 00:05:02,800 --> 00:05:06,120 Speaker 2: Problem with that, that's right, because this Consumer Price Index 96 00:05:06,279 --> 00:05:07,839 Speaker 2: comes out the middle of the month, so we already 97 00:05:07,880 --> 00:05:09,920 Speaker 2: had September, so she got nine months of the year. 98 00:05:10,360 --> 00:05:12,520 Speaker 2: Take the average of that, or take the number of 99 00:05:12,560 --> 00:05:15,400 Speaker 2: that and use that that tenth month is going to 100 00:05:15,440 --> 00:05:18,120 Speaker 2: make that big of a difference. Bureau of Labor Statistics 101 00:05:18,160 --> 00:05:21,360 Speaker 2: releases the CPI on a monthly basis to gauge how 102 00:05:21,440 --> 00:05:25,039 Speaker 2: much higher inflation has pushed the consumer prices. However, the 103 00:05:25,080 --> 00:05:28,560 Speaker 2: September CPI data that was supposed to be released October 104 00:05:28,600 --> 00:05:32,960 Speaker 2: the fifteenth and complete the COLA calculation was delayed by 105 00:05:33,000 --> 00:05:37,200 Speaker 2: the government shutdown. BLS announced it had recalled some of 106 00:05:37,200 --> 00:05:40,520 Speaker 2: the workers who were furloughed due to the government shutdown 107 00:05:40,560 --> 00:05:44,640 Speaker 2: to complete the CPI report and allow COLA to be released. 108 00:05:44,960 --> 00:05:48,800 Speaker 2: The BLS will now release the September CPI on Friday, 109 00:05:48,880 --> 00:05:52,440 Speaker 2: October the twenty fourth, while the Social Security Administration will 110 00:05:52,440 --> 00:05:57,120 Speaker 2: announce the twenty twenty six COLA the same day. Experts 111 00:05:57,120 --> 00:06:01,680 Speaker 2: anticipate now this is what's interesting, which really wouldn't have 112 00:06:01,760 --> 00:06:05,640 Speaker 2: changed if you would have taken the last CPI report 113 00:06:05,880 --> 00:06:08,760 Speaker 2: where inflation was somewhere between two point seven and two 114 00:06:08,800 --> 00:06:11,360 Speaker 2: point nine percent. If you were to used that number, 115 00:06:11,520 --> 00:06:14,800 Speaker 2: that's exactly where they're going to be at. Experts expect 116 00:06:14,839 --> 00:06:17,640 Speaker 2: that the twenty twenty six COLA will raise Social Security 117 00:06:18,400 --> 00:06:22,960 Speaker 2: recipient's benefits payments by more than two point five percent. 118 00:06:23,440 --> 00:06:26,919 Speaker 2: Senior Citizens League estimated last month that the COLA for 119 00:06:26,960 --> 00:06:30,000 Speaker 2: twenty twenty six will be two point seven t Let 120 00:06:30,000 --> 00:06:36,640 Speaker 2: me see. T SLC noted that the estimate in higher 121 00:06:36,680 --> 00:06:40,360 Speaker 2: than what was PROMOTE projected in the outset of the year, 122 00:06:40,760 --> 00:06:43,400 Speaker 2: when it was estimated would be two point one percent. 123 00:06:43,600 --> 00:06:46,640 Speaker 2: The group also noted that two point seven COLA would 124 00:06:46,640 --> 00:06:50,000 Speaker 2: be about average of what the historical standpoint, So if 125 00:06:50,000 --> 00:06:52,640 Speaker 2: it was two point six two point seven, some are 126 00:06:52,800 --> 00:06:55,800 Speaker 2: estimating its as high as two point nine percent. They 127 00:06:55,880 --> 00:06:59,039 Speaker 2: knew this before the September data would even come out. 128 00:06:59,279 --> 00:07:01,680 Speaker 2: And why they did all the hand ringing, why they 129 00:07:01,680 --> 00:07:07,240 Speaker 2: did all the I don't know, trying to scare people, 130 00:07:07,360 --> 00:07:10,400 Speaker 2: scare tactics put pre well, if they would put pressure 131 00:07:10,400 --> 00:07:14,160 Speaker 2: on the Democrats to end the Schumer shutdown. That would 132 00:07:14,200 --> 00:07:16,800 Speaker 2: be good, that would be good for the country, good 133 00:07:16,800 --> 00:07:21,040 Speaker 2: for us. But quite honestly, have many people notice that 134 00:07:21,080 --> 00:07:23,960 Speaker 2: the government has been shut down. I know there's been 135 00:07:23,960 --> 00:07:27,200 Speaker 2: some things in talking about certain things going out as 136 00:07:27,200 --> 00:07:32,440 Speaker 2: far as health premiums and insurance subsidies and that type 137 00:07:32,480 --> 00:07:33,520 Speaker 2: of thing, but that's. 138 00:07:33,360 --> 00:07:35,440 Speaker 1: All going to be worked out. That could be worked 139 00:07:35,480 --> 00:07:36,360 Speaker 1: out a different way. 140 00:07:36,520 --> 00:07:39,720 Speaker 2: So all these scare tactics they've been talking about, at 141 00:07:39,840 --> 00:07:43,440 Speaker 2: least they're not in office and creating headaches for us 142 00:07:43,800 --> 00:07:46,600 Speaker 2: during the government shutdown. So I just thought it was 143 00:07:46,720 --> 00:07:50,360 Speaker 2: interesting that we talked about this just last week, talked 144 00:07:50,360 --> 00:07:53,960 Speaker 2: about how that this isn't that big a deal, that 145 00:07:54,160 --> 00:07:57,400 Speaker 2: there are numbers that they can use and are available 146 00:07:57,600 --> 00:08:00,240 Speaker 2: that they could use and just implement that. And if 147 00:08:00,280 --> 00:08:04,000 Speaker 2: they're implementing it, and if their system is up to date, 148 00:08:04,400 --> 00:08:07,280 Speaker 2: it shouldn't take two and a half months to make 149 00:08:07,320 --> 00:08:12,600 Speaker 2: an adjustment on those security payments. So bottom line, once again, 150 00:08:12,960 --> 00:08:15,520 Speaker 2: America's truck A network is far ahead of the curve. 151 00:08:15,840 --> 00:08:18,400 Speaker 2: We had this information last week, talked about it not 152 00:08:18,560 --> 00:08:21,840 Speaker 2: big deal. Now all of a sudden Wednesday, actually Thursday, 153 00:08:21,880 --> 00:08:26,960 Speaker 2: well yesterday of this week, they finally get around to saying, oh, whoops, 154 00:08:27,040 --> 00:08:32,720 Speaker 2: never mind, it's just spoon fed regurgitators in the mainstream media. 155 00:08:32,840 --> 00:08:35,240 Speaker 2: They always got to glom onto something. And as I've 156 00:08:35,280 --> 00:08:38,440 Speaker 2: been saying all along, it appears as though that the 157 00:08:38,640 --> 00:08:41,920 Speaker 2: mainstream media, the spoon fed regurgitators in the mainstream media, 158 00:08:41,960 --> 00:08:44,920 Speaker 2: and certain people I think within the Federal Reserve, are 159 00:08:45,080 --> 00:08:49,320 Speaker 2: trying to manufacture a recession. And fortunately for you, me 160 00:08:49,520 --> 00:08:52,720 Speaker 2: and everybody else in this country, we are way too smart, 161 00:08:52,880 --> 00:08:56,280 Speaker 2: way too resilient to get through that or to allow 162 00:08:56,360 --> 00:08:59,240 Speaker 2: that to happen, and we will push through because we 163 00:08:59,280 --> 00:09:03,360 Speaker 2: are tough, rugged individualists. I'm Kevin Gordon, America's truck a 164 00:09:03,400 --> 00:09:13,400 Speaker 2: network seven hundred WLW. I'm Kevin Gordon, America's truck in 165 00:09:13,480 --> 00:09:18,840 Speaker 2: Networks seven hundred WLW. Well, it looks as though that 166 00:09:19,040 --> 00:09:21,840 Speaker 2: even though there's a government shut down, and even though 167 00:09:22,320 --> 00:09:26,600 Speaker 2: the government well isn't open, which means that it's not 168 00:09:26,640 --> 00:09:29,800 Speaker 2: creating headaches for you and me, there are per people 169 00:09:29,880 --> 00:09:33,200 Speaker 2: within the administration that are taking a look and have 170 00:09:33,320 --> 00:09:36,400 Speaker 2: been taking a look at projects and things since the 171 00:09:36,440 --> 00:09:39,480 Speaker 2: beginning of the year and making a termination of do 172 00:09:39,600 --> 00:09:41,800 Speaker 2: we really need to be spending money on this kind 173 00:09:41,840 --> 00:09:45,079 Speaker 2: of stuff. There was a report at the I think 174 00:09:45,160 --> 00:09:49,000 Speaker 2: last week, the Department of Energy and seven point five 175 00:09:49,360 --> 00:09:53,720 Speaker 2: billion dollars in grants. Now, seven point five billion dollars 176 00:09:53,720 --> 00:09:56,040 Speaker 2: in grants may not seem a lot in terms of 177 00:09:56,400 --> 00:10:00,840 Speaker 2: if we're talking about trillion dollar deficits. However, as I 178 00:10:00,880 --> 00:10:02,960 Speaker 2: forget who it was, they were on either the Carson 179 00:10:03,000 --> 00:10:06,600 Speaker 2: Show or one of these shows way back when, and 180 00:10:07,200 --> 00:10:09,839 Speaker 2: they were talking about the budget. They were talking about 181 00:10:09,880 --> 00:10:12,640 Speaker 2: spending and government and the federal government and so on, 182 00:10:13,120 --> 00:10:16,840 Speaker 2: and this guy says, you know, a million dollars and 183 00:10:16,880 --> 00:10:19,840 Speaker 2: back then a million dollars right, as opposed to billions 184 00:10:19,880 --> 00:10:23,400 Speaker 2: of dollars now a million dollars here and a billion dollars, 185 00:10:23,559 --> 00:10:24,440 Speaker 2: million dollars there. 186 00:10:24,800 --> 00:10:26,480 Speaker 1: Sooner or later it adds up to a little bit. 187 00:10:26,679 --> 00:10:27,920 Speaker 1: It adds up to some money. 188 00:10:27,960 --> 00:10:30,880 Speaker 2: Well, you know, when you're looking at the bloated government 189 00:10:31,280 --> 00:10:34,240 Speaker 2: and the fact that every year, and I've talked about 190 00:10:34,280 --> 00:10:38,240 Speaker 2: this before, Ran Paul Senator from Kentucky, every year around 191 00:10:38,640 --> 00:10:40,880 Speaker 2: towards the end of December comes up with what they 192 00:10:40,920 --> 00:10:45,120 Speaker 2: call the Festivus Report, where he goes down very various 193 00:10:45,120 --> 00:10:47,360 Speaker 2: items that have come to his attention or stuff that they 194 00:10:47,360 --> 00:10:50,959 Speaker 2: look at things he's picked out of the budget, waste, fraud, 195 00:10:51,000 --> 00:10:54,000 Speaker 2: and abuse, and he puts those in a report. Last 196 00:10:54,080 --> 00:10:58,520 Speaker 2: year's report was one point one trillion dollars in cuts 197 00:10:58,600 --> 00:11:02,920 Speaker 2: of wasteful spend by the federal government, the Office of Management, 198 00:11:03,000 --> 00:11:08,120 Speaker 2: Management and Budget, the Congressional Budget Office, these different agencies, 199 00:11:08,120 --> 00:11:12,679 Speaker 2: the Inspector General's Report periodically come up with these lists 200 00:11:12,120 --> 00:11:15,800 Speaker 2: of stuff that's being spent and what it's being spent on. 201 00:11:16,240 --> 00:11:19,880 Speaker 2: And it's always a punchline or as part of a 202 00:11:20,000 --> 00:11:24,080 Speaker 2: joke that people do, as opposed to saying, you know, 203 00:11:24,520 --> 00:11:26,679 Speaker 2: when somebody says, well, you know, they spent this kind 204 00:11:26,679 --> 00:11:28,800 Speaker 2: of money on this report, and isn't that just stupid? 205 00:11:28,880 --> 00:11:32,559 Speaker 2: And rather than saying, you know what, call your congressman, 206 00:11:32,640 --> 00:11:34,840 Speaker 2: call your senators, say what the hell are you guys doing? 207 00:11:35,200 --> 00:11:37,520 Speaker 1: Why is this in the budget? Why are you reaching 208 00:11:37,559 --> 00:11:38,360 Speaker 1: into my pocket? 209 00:11:38,400 --> 00:11:41,960 Speaker 2: Why are you confiscating my taxes and spending you know, 210 00:11:42,800 --> 00:11:46,640 Speaker 2: eleven million dollars on circumcisions in Zimbabwe, I mean, for 211 00:11:46,760 --> 00:11:52,720 Speaker 2: crying out loud, I mean we have veterans living on 212 00:11:52,800 --> 00:11:57,760 Speaker 2: the street, we have senior citizens that are struggling, We 213 00:11:57,920 --> 00:12:01,000 Speaker 2: have army veterans that can't get the health care. 214 00:12:00,840 --> 00:12:02,280 Speaker 1: That they properly needed. 215 00:12:02,559 --> 00:12:05,000 Speaker 2: They are the ones that fought and died for this country, 216 00:12:05,160 --> 00:12:07,880 Speaker 2: and yet we're spending billions and billions of dollars and 217 00:12:07,920 --> 00:12:12,319 Speaker 2: in some cases trillions of dollars on other social programs 218 00:12:12,520 --> 00:12:17,880 Speaker 2: that are just wasteful, that can show no actual progress 219 00:12:17,920 --> 00:12:21,400 Speaker 2: in terms of what problem they're trying to solve. And 220 00:12:21,800 --> 00:12:25,000 Speaker 2: we've talked about on this program a number of times. 221 00:12:25,040 --> 00:12:26,920 Speaker 2: I mean, you're out there on the road every day. 222 00:12:27,200 --> 00:12:30,280 Speaker 2: You see how the roads have deteriorated. I made a 223 00:12:30,320 --> 00:12:33,240 Speaker 2: mention a couple well, about. 224 00:12:32,920 --> 00:12:33,640 Speaker 1: Two years ago. 225 00:12:34,080 --> 00:12:36,360 Speaker 2: I used to go back and forth between Cincinnati and 226 00:12:36,360 --> 00:12:39,200 Speaker 2: Louisville on a fairly regular basis. Not I wouldn't say, 227 00:12:40,000 --> 00:12:42,920 Speaker 2: you know, every week, every month, and every couple of months, 228 00:12:42,960 --> 00:12:46,880 Speaker 2: i'd find myself going down to Louisville. And once you get, 229 00:12:46,960 --> 00:12:49,360 Speaker 2: you know, to a certain area, I mean, it's clear sailing, 230 00:12:49,440 --> 00:12:52,760 Speaker 2: it's really nice. But I hadn't gone down to Louisville 231 00:12:52,800 --> 00:12:55,719 Speaker 2: for about I guess it was about two years, and 232 00:12:56,280 --> 00:12:58,280 Speaker 2: I had to go down Louisville for something, and I 233 00:12:58,440 --> 00:13:01,480 Speaker 2: was absolutely shocked. I thought it was I thought it 234 00:13:01,520 --> 00:13:05,520 Speaker 2: was in a Connostoga wagon going through the wagon wheel 235 00:13:05,640 --> 00:13:09,160 Speaker 2: ruts trying to avoid the potholes, and some of those 236 00:13:09,200 --> 00:13:14,400 Speaker 2: things were like, you know, teeth chattering potholes, and I 237 00:13:14,440 --> 00:13:17,280 Speaker 2: can you know when you see that and you know 238 00:13:17,360 --> 00:13:20,680 Speaker 2: how much money goes into the Department of Transportation, goes 239 00:13:20,720 --> 00:13:23,840 Speaker 2: into the Federal Highway Trust Fund, and then you realize 240 00:13:23,880 --> 00:13:26,320 Speaker 2: that thirty three percent of that money is wasted on 241 00:13:26,320 --> 00:13:26,960 Speaker 2: another project. 242 00:13:27,080 --> 00:13:29,920 Speaker 1: We pointed out one the other day of where you know. 243 00:13:30,120 --> 00:13:34,640 Speaker 2: The FMCSA, the salaries and wages of the FMCSA comes. 244 00:13:34,320 --> 00:13:35,280 Speaker 1: Out of that budget. 245 00:13:35,520 --> 00:13:38,040 Speaker 2: Department of Energy comes out of the regular taxes that 246 00:13:38,080 --> 00:13:40,880 Speaker 2: are paid, the Department of Education comes out of the 247 00:13:40,880 --> 00:13:44,280 Speaker 2: regular taxes that are paid. But the FMCSA that comes 248 00:13:44,280 --> 00:13:46,640 Speaker 2: out of the Federal Highway Trust Fund. The money that 249 00:13:46,679 --> 00:13:50,200 Speaker 2: we pay as a result of our gasoline tax, diesel taxes, 250 00:13:50,400 --> 00:13:54,640 Speaker 2: excise taxes on your tractors, your trailers, the you know 251 00:13:55,080 --> 00:13:58,160 Speaker 2: semis going down the street on your tires and so on. 252 00:13:58,400 --> 00:14:01,880 Speaker 2: So all these excise taxes we've been told goes into 253 00:14:01,920 --> 00:14:04,440 Speaker 2: the Highway Trust Fund that are supposed to repair our 254 00:14:04,480 --> 00:14:07,319 Speaker 2: bridges and roads, that that money is going to be 255 00:14:07,360 --> 00:14:10,319 Speaker 2: funded by that. No, they pull money out to fund 256 00:14:10,320 --> 00:14:14,840 Speaker 2: the North What was it Northeast Corridor, that train that 257 00:14:15,000 --> 00:14:18,959 Speaker 2: runs from basically Washington, d C. And New York up 258 00:14:18,960 --> 00:14:22,040 Speaker 2: into Connecticut, New Hampshire and Delaware and so on, so 259 00:14:22,080 --> 00:14:25,240 Speaker 2: that people can commute on the train, take a forty 260 00:14:25,320 --> 00:14:28,120 Speaker 2: five fifty minute ride to get out of the city. 261 00:14:28,280 --> 00:14:32,720 Speaker 2: But we're subsidizing that. Why are we subsidizing something that 262 00:14:32,840 --> 00:14:35,880 Speaker 2: is not the highway, something that is not bridges and 263 00:14:35,960 --> 00:14:38,360 Speaker 2: roads and stuff like that. Why are we subsidizing that? 264 00:14:38,680 --> 00:14:41,880 Speaker 2: Why are we subsidizing hiking and biking trails that comes 265 00:14:41,920 --> 00:14:43,120 Speaker 2: out of the Highway Trust Fund. 266 00:14:43,440 --> 00:14:45,280 Speaker 1: Not opposed to hiking and biking. 267 00:14:45,000 --> 00:14:47,400 Speaker 2: Trails, But by god, if they can tax us for 268 00:14:47,480 --> 00:14:51,040 Speaker 2: our tires, tax us for our gasoline, taxes for our diesel, 269 00:14:51,360 --> 00:14:53,200 Speaker 2: can't they put some sort of a tax on the 270 00:14:53,200 --> 00:14:56,680 Speaker 2: bike helmets, the bike gloves, the bicycles themselves, the tires 271 00:14:56,800 --> 00:14:59,080 Speaker 2: on the bicycles, and put a little bit of money 272 00:14:59,080 --> 00:15:02,360 Speaker 2: aside to build these hiking trails, biking trails and so on. 273 00:15:02,560 --> 00:15:05,720 Speaker 2: Look at all the equipment that goes into the hiking boots, 274 00:15:05,720 --> 00:15:08,840 Speaker 2: the socks, there's certain shorts, there's walking sticks, all this 275 00:15:08,960 --> 00:15:10,480 Speaker 2: kind of stuff that's done. 276 00:15:10,600 --> 00:15:11,480 Speaker 1: They could tax that. 277 00:15:11,560 --> 00:15:14,040 Speaker 2: They could put a small price on that and then 278 00:15:14,120 --> 00:15:15,119 Speaker 2: fund these things. 279 00:15:14,880 --> 00:15:17,480 Speaker 1: Instead of us. Because again when. 280 00:15:17,320 --> 00:15:20,000 Speaker 2: They're told, you know, when you're going through these highways 281 00:15:20,080 --> 00:15:23,200 Speaker 2: and you come upon a toll, they are told they 282 00:15:23,200 --> 00:15:26,160 Speaker 2: are tolling that road because they didn't have the money 283 00:15:26,200 --> 00:15:28,640 Speaker 2: in order to fix that road or to build that road. 284 00:15:28,800 --> 00:15:31,680 Speaker 2: And they're saying, well, it's a user fee, you use it, 285 00:15:31,880 --> 00:15:34,920 Speaker 2: you pay for it. Well, if you're using the biking trail, 286 00:15:34,960 --> 00:15:37,520 Speaker 2: and you're using the hiking trail, or you're using the 287 00:15:37,600 --> 00:15:41,320 Speaker 2: train going up to Connecticut, that's the same train that 288 00:15:41,400 --> 00:15:43,480 Speaker 2: Joe Biden bragged about using every. 289 00:15:43,360 --> 00:15:45,440 Speaker 1: Day so he could go home to his family. Applaud 290 00:15:45,520 --> 00:15:47,440 Speaker 1: him for that being home for his kids. 291 00:15:48,480 --> 00:15:50,560 Speaker 2: That's probably one of the nicest things I can say 292 00:15:50,560 --> 00:15:53,240 Speaker 2: about it, and the only nice thing. But again, we're 293 00:15:53,280 --> 00:15:57,680 Speaker 2: subsidizing those trips for those commuters going to and from work. 294 00:15:58,560 --> 00:16:02,600 Speaker 2: Who's subsidizing aren't who's subsidizing our gas and oil? 295 00:16:03,600 --> 00:16:05,760 Speaker 1: It's not anybody else. We're paying for that. 296 00:16:06,200 --> 00:16:07,960 Speaker 2: And then to have this money pulled out of the 297 00:16:08,000 --> 00:16:12,360 Speaker 2: Federal Highway Trust Fund is ridiculous. Again, it's they tell 298 00:16:12,440 --> 00:16:14,920 Speaker 2: us the tolls are a user fee, all right, Well, 299 00:16:14,960 --> 00:16:17,160 Speaker 2: then put a user fee on the hiking trails and 300 00:16:17,200 --> 00:16:20,360 Speaker 2: biking trails. Don't put that, don't take that out of 301 00:16:20,400 --> 00:16:23,000 Speaker 2: the Highway Trust Fund, and quit whining to us the 302 00:16:23,040 --> 00:16:25,400 Speaker 2: fact that you don't have enough money to repair these 303 00:16:25,440 --> 00:16:28,680 Speaker 2: resident Oh, by the way, let's not forget that when 304 00:16:28,720 --> 00:16:31,920 Speaker 2: the highway system went into place in the first place, 305 00:16:32,080 --> 00:16:36,640 Speaker 2: back in nineteen fifty six during the during the Eisenhower administration, 306 00:16:37,160 --> 00:16:40,800 Speaker 2: after he saw during World War Two what the autobahn 307 00:16:40,880 --> 00:16:43,560 Speaker 2: did in Germany from the troops being able to be 308 00:16:43,640 --> 00:16:45,640 Speaker 2: moved from one end of the country to the other, 309 00:16:45,960 --> 00:16:48,480 Speaker 2: and recognize that in the United States, if you're going 310 00:16:48,480 --> 00:16:50,360 Speaker 2: from one end of the country to the other, it 311 00:16:50,360 --> 00:16:52,400 Speaker 2: would take you two and a half to three weeks, 312 00:16:52,720 --> 00:16:55,360 Speaker 2: two and a half to three weeks from going from 313 00:16:55,680 --> 00:16:58,240 Speaker 2: the east coast to the West coast, or vice versa. 314 00:16:58,840 --> 00:17:02,040 Speaker 2: He recognized what a that was, especially going into the 315 00:17:02,040 --> 00:17:05,400 Speaker 2: Cold War, said we're going to develop the Federal Highway 316 00:17:05,600 --> 00:17:09,000 Speaker 2: Fund or the Federal Highway System, and it was put 317 00:17:09,119 --> 00:17:14,800 Speaker 2: as the National Defense System and Highway Fund, and so 318 00:17:15,280 --> 00:17:18,320 Speaker 2: this was part of the federal government. The federal government 319 00:17:18,320 --> 00:17:22,439 Speaker 2: at that time paid ninety percent of the cost of 320 00:17:22,720 --> 00:17:26,959 Speaker 2: the Federal Highway interstate highway system and if they recognized 321 00:17:27,000 --> 00:17:30,360 Speaker 2: that that was a national security issue, why isn't part 322 00:17:30,400 --> 00:17:32,520 Speaker 2: of the money coming out of the Defense Fund to 323 00:17:32,640 --> 00:17:36,800 Speaker 2: repair repair bridge and bridges and roads. Why isn't that 324 00:17:36,840 --> 00:17:41,080 Speaker 2: still part of the federal the Defense Fund. We've got 325 00:17:41,080 --> 00:17:43,600 Speaker 2: the Highway Trust Fund which can do that as well. 326 00:17:43,800 --> 00:17:47,120 Speaker 2: But again, the government at the time recognized the importance 327 00:17:47,160 --> 00:17:49,600 Speaker 2: of this not only for troop movement, but then also 328 00:17:49,640 --> 00:17:53,000 Speaker 2: as a side benefit, a benefit to the consumers out there, 329 00:17:53,119 --> 00:17:55,000 Speaker 2: so that they could travel from one end of the 330 00:17:55,040 --> 00:17:56,880 Speaker 2: country to the other in a short period of time 331 00:17:56,960 --> 00:17:59,320 Speaker 2: and enjoy more of leisure life in terms of their 332 00:17:59,359 --> 00:18:02,320 Speaker 2: family vacationations and stuff. And how much that opened up 333 00:18:02,359 --> 00:18:04,399 Speaker 2: in terms of being able to spend time with their 334 00:18:04,440 --> 00:18:06,600 Speaker 2: family going to different places. I mean, if you live 335 00:18:06,640 --> 00:18:08,119 Speaker 2: in Michigan and you can go all the way to 336 00:18:08,160 --> 00:18:10,320 Speaker 2: Florida in a couple of days as opposed to a 337 00:18:10,359 --> 00:18:13,560 Speaker 2: four or five day trip down there, at benefited us 338 00:18:13,560 --> 00:18:15,840 Speaker 2: in terms of our leisure time. So the fact that 339 00:18:16,200 --> 00:18:19,040 Speaker 2: they recognized this at the time should be something that 340 00:18:19,080 --> 00:18:23,199 Speaker 2: they recognize today. So again, all this stuff, as far 341 00:18:23,280 --> 00:18:27,360 Speaker 2: as these projects and this money being spent, is unbelievable. 342 00:18:27,400 --> 00:18:28,720 Speaker 1: And we'll get back to what I was. 343 00:18:28,720 --> 00:18:31,119 Speaker 2: Going to talk about in the first place, this seven 344 00:18:31,160 --> 00:18:34,640 Speaker 2: point five billion dollars in grants that have been pulled back. 345 00:18:34,840 --> 00:18:38,760 Speaker 2: I'm Kevin Gordon, america'struck a Network, seven hundred WLW. 346 00:18:46,200 --> 00:18:48,520 Speaker 3: Here's your trucking forecast for the Try State and the 347 00:18:48,520 --> 00:18:50,520 Speaker 3: rest of the country and the Try State. Over Night, 348 00:18:50,520 --> 00:18:53,440 Speaker 3: partly cloudy, the low down to forty eight Sunday, Thursday 349 00:18:53,560 --> 00:18:56,360 Speaker 3: high of sixty nine mostly Sunday. Friday high of seventy 350 00:18:56,359 --> 00:18:59,960 Speaker 3: one Saturday, mostly sunny with a slight chance of afternooner 351 00:19:00,080 --> 00:19:02,639 Speaker 3: and warmer Ahia eight two. Rain moves in overnight and 352 00:19:02,680 --> 00:19:06,000 Speaker 3: continues into Sunday. Nationally, heavy snow will be seen uper 353 00:19:06,000 --> 00:19:08,439 Speaker 3: parts of the Northern Rockies Thursday, while there is a 354 00:19:08,600 --> 00:19:11,240 Speaker 3: chance of showers and storms upper parts of the Northern Plains, 355 00:19:11,280 --> 00:19:14,240 Speaker 3: of the Southern Plains and Upper Great Lakes region Wednesday 356 00:19:14,280 --> 00:19:15,000 Speaker 3: and Thursday. 357 00:19:18,760 --> 00:19:20,680 Speaker 1: Seven hundred WLW. 358 00:19:20,800 --> 00:19:27,400 Speaker 2: I this is America's Hello, seven hundred w LW's Americans 359 00:19:27,440 --> 00:19:28,159 Speaker 2: Tracking Network. 360 00:19:28,200 --> 00:19:29,040 Speaker 1: I'm Gavin Gordon. 361 00:19:29,880 --> 00:19:33,920 Speaker 2: By the way, programming no Thursday night football game Bengals 362 00:19:33,920 --> 00:19:36,760 Speaker 2: are on. They're playing Pittsburgh Steelers, so we will be 363 00:19:36,840 --> 00:19:39,919 Speaker 2: preempted tomorrow. So there will be no Friday show. By 364 00:19:39,920 --> 00:19:41,800 Speaker 2: the way, if you miss any of our programs, make 365 00:19:41,840 --> 00:19:44,480 Speaker 2: sure you hit up that iHeartRadio app of course, brought 366 00:19:44,480 --> 00:19:46,680 Speaker 2: to you by our friends at Rush Truck Centers. 367 00:19:46,880 --> 00:19:48,719 Speaker 1: I was talking about this particular story. 368 00:19:49,000 --> 00:19:52,320 Speaker 2: Department of Energy ends seven point five billion dollars in 369 00:19:52,359 --> 00:19:56,640 Speaker 2: grants for Biden approved projects. Department of Energy terminated seven 370 00:19:56,680 --> 00:19:59,520 Speaker 2: point five billion dollars in grants for two hundred and 371 00:19:59,520 --> 00:20:03,720 Speaker 2: twenty three projects approved by the Biden administration. Imagine how 372 00:20:03,720 --> 00:20:06,800 Speaker 2: many roads and bridges or something that that could fund, 373 00:20:07,280 --> 00:20:10,479 Speaker 2: or benefits for veterans who are out on the street, 374 00:20:11,160 --> 00:20:14,520 Speaker 2: housing for homeless veterans, and so on. Seven point five 375 00:20:14,560 --> 00:20:17,359 Speaker 2: billion dollars has not jump change. On day one, the 376 00:20:17,480 --> 00:20:21,080 Speaker 2: Energy Department began a critical task of reviewing billions of 377 00:20:21,119 --> 00:20:24,600 Speaker 2: dollars of financial awards. This, according to Chris Wright, the 378 00:20:25,240 --> 00:20:28,440 Speaker 2: Energy Secretary looked at critical task of reviewing billions of 379 00:20:28,480 --> 00:20:33,320 Speaker 2: dollars of financial awards many rushed through the final months 380 00:20:33,320 --> 00:20:38,600 Speaker 2: of the Biden administration with inadequate documentation by any reasonable 381 00:20:38,640 --> 00:20:44,360 Speaker 2: business standard. President Trump promised to protect taxpayer dollars, expand 382 00:20:44,359 --> 00:20:50,000 Speaker 2: America's supply of affordable, reliable, and secure energy today's cancelations 383 00:20:50,040 --> 00:20:55,720 Speaker 2: deliver on that commitment. Rest assured the Energy Department will 384 00:20:55,760 --> 00:20:58,000 Speaker 2: continue reviewing awards. 385 00:20:57,640 --> 00:21:01,199 Speaker 1: To ensure that every dollar works for the American people. 386 00:21:01,800 --> 00:21:06,040 Speaker 2: Wright's office stated that twenty six percent of the projects 387 00:21:06,440 --> 00:21:11,000 Speaker 2: worth more than three point one billion dollars were awarded 388 00:21:11,040 --> 00:21:17,120 Speaker 2: between election day and inauguration day. I'm sorry, my friends 389 00:21:17,320 --> 00:21:20,560 Speaker 2: that once the election was determined and we knew who 390 00:21:20,600 --> 00:21:23,199 Speaker 2: the new president was going to be, there should have 391 00:21:23,240 --> 00:21:26,399 Speaker 2: been damn little that was shoved through in terms of 392 00:21:26,440 --> 00:21:32,000 Speaker 2: additional spending or grants issued between election day and inauguration day. 393 00:21:32,240 --> 00:21:36,879 Speaker 2: To me that and follow the money is probably a 394 00:21:36,920 --> 00:21:39,040 Speaker 2: bunch of payoffs to a bunch of cronies. 395 00:21:39,520 --> 00:21:42,160 Speaker 1: The total of three hundred and twenty one financial. 396 00:21:41,720 --> 00:21:47,040 Speaker 2: Awards were approved under the Advanced Research Projects Agency Energy, 397 00:21:48,000 --> 00:21:54,160 Speaker 2: the offices of Clean Energy Demonstrations, Energy Efficiency and Renewable Energy, 398 00:21:54,520 --> 00:22:00,320 Speaker 2: Fossil Energy, grid Deployment, Manufacturing, and Energy supply Grants. I mean, 399 00:22:00,680 --> 00:22:04,080 Speaker 2: there is so much redundancy in the federal government that 400 00:22:04,200 --> 00:22:07,480 Speaker 2: every little department has to have their little section of 401 00:22:07,520 --> 00:22:10,240 Speaker 2: the pie. And the more that they can grow these things, 402 00:22:10,359 --> 00:22:13,760 Speaker 2: the more power that they get for themselves. And this 403 00:22:13,840 --> 00:22:15,880 Speaker 2: is some of the things that need to be looked at. 404 00:22:16,040 --> 00:22:20,000 Speaker 2: And as I mentioned before, Rand Paul Festivus Report every 405 00:22:20,080 --> 00:22:22,240 Speaker 2: year is put out. Last year they came up with 406 00:22:22,320 --> 00:22:26,520 Speaker 2: one point one trillion dollars in just those deductions alone, 407 00:22:26,760 --> 00:22:28,080 Speaker 2: or those eliminations from. 408 00:22:27,960 --> 00:22:28,840 Speaker 1: The federal budget. 409 00:22:29,119 --> 00:22:32,399 Speaker 2: That would prove to be amazing Office of Management and 410 00:22:32,440 --> 00:22:37,320 Speaker 2: Budget Inspector General's report they go through every year in 411 00:22:37,440 --> 00:22:40,840 Speaker 2: issue reports of waste, fraud and abuse. And again to 412 00:22:40,920 --> 00:22:43,840 Speaker 2: reemphasize what I said in the previous segment, rather than 413 00:22:43,840 --> 00:22:46,919 Speaker 2: that being a punchline, rather than that being a ha 414 00:22:47,040 --> 00:22:51,240 Speaker 2: ha moment as opposed to an aha moment where people say, 415 00:22:51,280 --> 00:22:54,639 Speaker 2: you know what I need to We need to put 416 00:22:54,680 --> 00:23:00,440 Speaker 2: our you know, harass our federal agencies to eliminate this. 417 00:23:00,440 --> 00:23:03,440 Speaker 1: Crap that's coming out of our pockets. 418 00:23:03,800 --> 00:23:06,000 Speaker 2: But anyway, going back to this particular story, I don't 419 00:23:06,000 --> 00:23:08,800 Speaker 2: want to get off on a tangent again. The governors 420 00:23:08,800 --> 00:23:14,480 Speaker 2: of Washington and California amazing, amazing, amazing, surprise, surprise, surprise 421 00:23:14,880 --> 00:23:17,439 Speaker 2: that a lot of these energy grants went to the 422 00:23:17,600 --> 00:23:21,480 Speaker 2: liberal state of Washington and oh, by the way, California, 423 00:23:21,520 --> 00:23:25,760 Speaker 2: which is you know how liberal they are. Washington Governor 424 00:23:25,840 --> 00:23:29,840 Speaker 2: Bob Ferguson blasted the Trump administration for stopping one point 425 00:23:29,880 --> 00:23:34,080 Speaker 2: one billion dollars for seven Department of Energy grants. The 426 00:23:34,160 --> 00:23:38,439 Speaker 2: previously authorized federal awards included one billion dollars for the 427 00:23:38,440 --> 00:23:43,919 Speaker 2: Pacific Northwest Hydrogen Hub, as well as sixty eight million 428 00:23:43,920 --> 00:23:47,600 Speaker 2: dollars for two pack Car Inc. Projects linked to the 429 00:23:47,640 --> 00:23:52,080 Speaker 2: Super Truck three program. Now, the super Truck three is 430 00:23:52,119 --> 00:23:55,960 Speaker 2: an electric vehicle, and as we've seen, electric vehals are 431 00:23:55,960 --> 00:23:59,160 Speaker 2: not ready for Electric vehicles are not ready for prime time. 432 00:23:59,400 --> 00:24:02,560 Speaker 2: The infant structure isn't there, the number of charging stations 433 00:24:02,600 --> 00:24:06,280 Speaker 2: aren't there. And when you take in take into consideration 434 00:24:06,920 --> 00:24:11,720 Speaker 2: the weight of these vehicles, the fact that electric tractor 435 00:24:11,920 --> 00:24:17,280 Speaker 2: trailers are the cabs themselves weigh a third more than 436 00:24:17,359 --> 00:24:22,760 Speaker 2: what the normal cab weighs. So if you're hauling freight, 437 00:24:23,280 --> 00:24:27,000 Speaker 2: you can only you would be hauling one third less freight. 438 00:24:27,440 --> 00:24:30,280 Speaker 2: So for every one of these trucks electric trucks that 439 00:24:30,320 --> 00:24:34,320 Speaker 2: you'd buy, you need one point three trucks in order 440 00:24:34,359 --> 00:24:37,600 Speaker 2: to carry the same weight, not to mention the fact 441 00:24:37,640 --> 00:24:41,719 Speaker 2: that the normal tractor costs between one hundred and eighty 442 00:24:41,880 --> 00:24:45,960 Speaker 2: and two hundred and thirty two twenty thousand dollars. The 443 00:24:46,000 --> 00:24:50,520 Speaker 2: cost of an electric Class eight truck is four hundred 444 00:24:50,600 --> 00:24:54,919 Speaker 2: and twenty five thousand dollars, almost twice the cost of 445 00:24:54,960 --> 00:24:59,160 Speaker 2: a regular truck. And when you look into okay, all right, 446 00:24:59,320 --> 00:25:02,840 Speaker 2: if you buy the nonsense that an electric vehicle is 447 00:25:02,880 --> 00:25:07,399 Speaker 2: a lot cleaner than a regular vehicle, well you got 448 00:25:07,440 --> 00:25:09,760 Speaker 2: to take into consideration to wear and tear on the roads. 449 00:25:09,760 --> 00:25:13,080 Speaker 2: You're talking about more weight and breaking down the roads 450 00:25:13,080 --> 00:25:17,119 Speaker 2: a little lot more so, the construction equipment, everything necessary 451 00:25:17,280 --> 00:25:20,600 Speaker 2: in order to repair that road is going to be 452 00:25:20,600 --> 00:25:24,400 Speaker 2: a carbon footprint. The fact that you're charging these stations 453 00:25:24,400 --> 00:25:28,040 Speaker 2: and what are you charging these stations with electricity? And 454 00:25:28,119 --> 00:25:31,159 Speaker 2: where are you getting that electricity? You're going you're not 455 00:25:31,200 --> 00:25:33,479 Speaker 2: going to do it by solar panels. You're not going 456 00:25:33,520 --> 00:25:36,040 Speaker 2: to be doing by windmills because they have proven to 457 00:25:36,080 --> 00:25:39,439 Speaker 2: be very inefficient and not reliable. So you're going to 458 00:25:39,440 --> 00:25:41,440 Speaker 2: be burning more coal. You're gonna have to be producing 459 00:25:41,480 --> 00:25:45,919 Speaker 2: more electricity. So where is the offset that they're talking about. Again, 460 00:25:46,800 --> 00:25:49,200 Speaker 2: it's not ready for prime time, and to cancel these 461 00:25:49,200 --> 00:25:52,840 Speaker 2: contracts is not in my opinion. Now, when it comes 462 00:25:52,840 --> 00:25:55,560 Speaker 2: to hydrogen, I have seen a lot of things having 463 00:25:55,560 --> 00:25:58,080 Speaker 2: to do with hydrogen. It appears as though that that 464 00:25:58,280 --> 00:26:00,720 Speaker 2: might be something that could be done in the future. 465 00:26:01,119 --> 00:26:04,600 Speaker 2: But again, when I see all of these different projects 466 00:26:04,640 --> 00:26:07,240 Speaker 2: going out there, you would think that if you're developing 467 00:26:07,280 --> 00:26:09,679 Speaker 2: something new, that there would be some sort of like 468 00:26:09,800 --> 00:26:13,120 Speaker 2: a what do you want a clearinghouse, if you will, 469 00:26:14,119 --> 00:26:17,120 Speaker 2: in terms of well if somebody else, if somebody's over 470 00:26:17,119 --> 00:26:20,479 Speaker 2: here doing this experiment, you don't want to subsidize and 471 00:26:20,520 --> 00:26:23,200 Speaker 2: fund somebody over here doing the same experiment. 472 00:26:23,880 --> 00:26:26,560 Speaker 1: You want to have some cross negotiation there. 473 00:26:26,800 --> 00:26:29,440 Speaker 2: But one of the things that we learned as you 474 00:26:29,520 --> 00:26:32,879 Speaker 2: pull back the curtain on the pandemic and what was 475 00:26:32,920 --> 00:26:35,560 Speaker 2: done as far as some of these vaccines are concerned, 476 00:26:35,840 --> 00:26:41,120 Speaker 2: and some of the scientific technology way back when Fauci 477 00:26:41,480 --> 00:26:45,239 Speaker 2: had it put through that some of these patents that 478 00:26:45,280 --> 00:26:49,879 Speaker 2: are done are then the property of that person or 479 00:26:50,359 --> 00:26:54,800 Speaker 2: that institution like a college or a university that develops 480 00:26:54,880 --> 00:26:57,800 Speaker 2: that item, and then they get the royalties from that. 481 00:26:58,359 --> 00:27:04,080 Speaker 2: So US as the tax subsidize this research, the research 482 00:27:04,240 --> 00:27:07,400 Speaker 2: is developed, and then they get the royalties from that 483 00:27:07,400 --> 00:27:10,399 Speaker 2: that doesn't pass through to US to reimburse US for 484 00:27:10,480 --> 00:27:15,560 Speaker 2: the grant. And so instead of collaboration, people are tight knit, 485 00:27:15,880 --> 00:27:18,560 Speaker 2: we're not going to share our information with somebody else, 486 00:27:18,600 --> 00:27:21,000 Speaker 2: because if they get to the finish line before us, 487 00:27:21,200 --> 00:27:23,359 Speaker 2: we're not going to get our share of the pie. 488 00:27:23,480 --> 00:27:25,920 Speaker 2: And so the same thing I think is probably done 489 00:27:25,960 --> 00:27:30,639 Speaker 2: with these hydrogen experiments and stuff that's being done. And again, 490 00:27:31,200 --> 00:27:33,199 Speaker 2: it might be the wave of the future, and it 491 00:27:33,240 --> 00:27:36,760 Speaker 2: may be something that is very cost productive in the future. 492 00:27:37,400 --> 00:27:40,600 Speaker 2: But again, unless there is some sort of a clearinghouse 493 00:27:40,720 --> 00:27:44,000 Speaker 2: or some sort of an overseeing of this to make 494 00:27:44,040 --> 00:27:47,080 Speaker 2: sure that it has done efficiently efficiently, I'm not so 495 00:27:47,200 --> 00:27:51,040 Speaker 2: sure about it. And of course Gavin Newsom is whining 496 00:27:51,119 --> 00:27:54,159 Speaker 2: about technical centers in California that they're not getting their 497 00:27:54,200 --> 00:27:56,960 Speaker 2: share of the pie termination of one point two billion 498 00:27:57,000 --> 00:28:00,040 Speaker 2: dollars from the Department of Energy State Hydrogen Fund. And 499 00:28:00,160 --> 00:28:02,920 Speaker 2: let's not forget the billions and billions and hundreds of 500 00:28:02,960 --> 00:28:05,879 Speaker 2: billions of dollars that they've wasted on this high speed 501 00:28:06,000 --> 00:28:08,560 Speaker 2: rail system out there where they haven't even laid a 502 00:28:08,680 --> 00:28:12,720 Speaker 2: track yet and they're what five times over budget. Anyway, 503 00:28:12,960 --> 00:28:15,840 Speaker 2: the efficiencies in California, I'm not so sure that money 504 00:28:15,840 --> 00:28:19,720 Speaker 2: pouring into California for any kind of research grant is 505 00:28:19,760 --> 00:28:22,200 Speaker 2: going to get us anything that what we need. 506 00:28:23,000 --> 00:28:24,240 Speaker 1: I'm Kevin coming up. 507 00:28:24,280 --> 00:28:26,040 Speaker 2: We've got to talk a little bit about We've got 508 00:28:26,080 --> 00:28:27,320 Speaker 2: to get to oil and gas prices. 509 00:28:27,320 --> 00:28:29,119 Speaker 1: I haven't talked about that in a number of days. 510 00:28:29,280 --> 00:28:37,280 Speaker 2: I'm Kevin Gordon, America's Trucking Network, seven hundred WLW. This 511 00:28:37,800 --> 00:28:41,200 Speaker 2: is America's struck in Network, seven one hundred WLW. I'm 512 00:28:41,280 --> 00:28:43,120 Speaker 2: and Kevin Gordon. Let's take a look at oil and 513 00:28:43,160 --> 00:28:46,200 Speaker 2: gas prices. We have not talked about this much over 514 00:28:46,200 --> 00:28:48,240 Speaker 2: the last week or so. There's just been too much 515 00:28:48,280 --> 00:28:51,600 Speaker 2: news and too much other things going on. So before 516 00:28:51,640 --> 00:28:55,920 Speaker 2: we get to the Fed minutes and talk about inflation 517 00:28:56,120 --> 00:28:59,560 Speaker 2: and so on, let's look at oil and gas prices currently. 518 00:28:59,600 --> 00:29:03,440 Speaker 2: West this intermediate crued is it fifty eight dollars and 519 00:29:03,520 --> 00:29:06,640 Speaker 2: forty cents a barrel? That is down thirty cents thirty 520 00:29:06,720 --> 00:29:09,600 Speaker 2: cents from yesterday, or a half a percentage point. Brent 521 00:29:09,680 --> 00:29:12,200 Speaker 2: krude currently is at sixty two dollars and two cents 522 00:29:12,200 --> 00:29:15,160 Speaker 2: of barrel. That is down thirty seven cents or point 523 00:29:15,200 --> 00:29:19,880 Speaker 2: five nine, a little over half a percentage point just 524 00:29:19,920 --> 00:29:23,440 Speaker 2: since January the twenty, is when Trump took office. West 525 00:29:23,440 --> 00:29:28,000 Speaker 2: Texas intermediate creued is down eighteen dollars and forty nine cents. 526 00:29:28,080 --> 00:29:35,600 Speaker 2: That's a twenty four percent decrease. Twenty four percent decrease. 527 00:29:36,280 --> 00:29:40,520 Speaker 2: That doesn't lower energy prices. I don't know what will 528 00:29:41,480 --> 00:29:44,320 Speaker 2: Brent krude. Currently is it, as I said, sixty two 529 00:29:44,320 --> 00:29:47,120 Speaker 2: dollars and two cents. Just since January it is down 530 00:29:47,520 --> 00:29:50,680 Speaker 2: seventeen dollars in eighty eight cents a barrel, or twenty 531 00:29:51,040 --> 00:29:56,920 Speaker 2: two percentage points. Gasoline is starting to fall finally come down, 532 00:29:57,400 --> 00:29:59,800 Speaker 2: not as much as I would like to have had 533 00:30:00,120 --> 00:30:02,920 Speaker 2: to see it come down. I think gas prices should 534 00:30:02,920 --> 00:30:05,840 Speaker 2: actually right now be about ten to fifteen percent less 535 00:30:05,840 --> 00:30:08,480 Speaker 2: than what they are. The current national average right now 536 00:30:08,560 --> 00:30:11,360 Speaker 2: is at three dollars and seven cents a gallon. Now 537 00:30:11,680 --> 00:30:15,600 Speaker 2: that is offset by the fact that in California, their 538 00:30:15,720 --> 00:30:19,400 Speaker 2: gasoline average price in the state of California is four 539 00:30:20,000 --> 00:30:24,280 Speaker 2: dollars and sixty five cents a gallon. That is a 540 00:30:24,360 --> 00:30:29,240 Speaker 2: dollar fifty nine higher than the national average because of 541 00:30:29,480 --> 00:30:33,520 Speaker 2: all their regulations, all of their additives, all of their 542 00:30:33,560 --> 00:30:37,840 Speaker 2: special gas blends there, and all the taxes that they 543 00:30:37,880 --> 00:30:40,960 Speaker 2: put on gasoline out there, which I don't know why 544 00:30:41,000 --> 00:30:44,200 Speaker 2: the people in California tolerate that. You've got a high 545 00:30:44,360 --> 00:30:47,440 Speaker 2: in California four dollars and sixty five cents a gallon 546 00:30:47,680 --> 00:30:50,520 Speaker 2: to a low of two dollars and fifty eight cents 547 00:30:50,520 --> 00:30:54,840 Speaker 2: a gallon in Oklahoma. National average is three dollars and 548 00:30:55,440 --> 00:30:59,440 Speaker 2: seven cents of gallon. Back in twenty twenty, when we 549 00:30:59,480 --> 00:31:02,680 Speaker 2: are energy independent for the first time since nineteen forty nine, 550 00:31:03,000 --> 00:31:06,000 Speaker 2: gasoline was down around two dollars and twenty four cents 551 00:31:06,000 --> 00:31:09,160 Speaker 2: a gallon. We are thirty seven percent higher than that 552 00:31:09,280 --> 00:31:12,360 Speaker 2: number if you shave off and fifteen percent off of 553 00:31:12,400 --> 00:31:16,200 Speaker 2: the gasoline prices, and they are coming down. We got 554 00:31:16,200 --> 00:31:18,520 Speaker 2: the summer blends that we're in there during the summer, 555 00:31:18,560 --> 00:31:20,400 Speaker 2: and now that summer is over and into the fall, 556 00:31:20,680 --> 00:31:23,280 Speaker 2: those summer blends and that additives that go in there 557 00:31:23,440 --> 00:31:26,600 Speaker 2: reduce the cost of gasoline, and we start should start 558 00:31:26,680 --> 00:31:28,840 Speaker 2: seeing that at the pump. What we do have is 559 00:31:28,840 --> 00:31:31,160 Speaker 2: a little bit of maintenance that goes on this time 560 00:31:31,240 --> 00:31:33,440 Speaker 2: of the year at the end of the driving season 561 00:31:33,480 --> 00:31:36,360 Speaker 2: because the demand for gasoline is not that much, and 562 00:31:36,400 --> 00:31:39,720 Speaker 2: so they start doing their maintenance on these refineries. But 563 00:31:39,880 --> 00:31:43,520 Speaker 2: when you take into consideration that refineries in this country, 564 00:31:43,600 --> 00:31:45,760 Speaker 2: which is something that needs to be done and needs 565 00:31:45,760 --> 00:31:50,200 Speaker 2: to be done very soon, because we have not built 566 00:31:50,320 --> 00:31:53,760 Speaker 2: a new refinery in this country, a new refinery in 567 00:31:53,840 --> 00:31:54,960 Speaker 2: over fifty years. 568 00:31:55,240 --> 00:31:56,040 Speaker 1: Every one of the. 569 00:31:55,920 --> 00:31:59,080 Speaker 2: Refiners we've had refinery shut down because when they go 570 00:31:59,160 --> 00:32:01,240 Speaker 2: in to do maintenance, sort to do expansion, or to 571 00:32:01,320 --> 00:32:05,239 Speaker 2: do additions to that, then it's almost like they've been 572 00:32:05,280 --> 00:32:08,000 Speaker 2: told that they have to revamp everything and bring that 573 00:32:08,160 --> 00:32:11,160 Speaker 2: up to what the current standards would be. And so 574 00:32:11,520 --> 00:32:13,920 Speaker 2: in order to do that, it's not cost efficient to 575 00:32:13,960 --> 00:32:16,360 Speaker 2: do that. That's why a lot of this refining has 576 00:32:16,360 --> 00:32:19,640 Speaker 2: been done overseas and then import it into the United States, 577 00:32:19,720 --> 00:32:22,800 Speaker 2: which again is not a very cost effective way of 578 00:32:23,000 --> 00:32:27,080 Speaker 2: doing gasoline. And it's been this situation where for as 579 00:32:27,120 --> 00:32:30,160 Speaker 2: long as I can remember, they've been talking about ending 580 00:32:30,200 --> 00:32:33,120 Speaker 2: the internal combustion engine. We've been talking about, oh, we 581 00:32:33,160 --> 00:32:36,040 Speaker 2: need to clean the environment, we need to lower the 582 00:32:36,200 --> 00:32:38,760 Speaker 2: we need to increase the mileage standards and all this. 583 00:32:39,520 --> 00:32:42,240 Speaker 2: And yet because there's been such a pressure on trying 584 00:32:42,280 --> 00:32:46,600 Speaker 2: to kill the oil industry, they're saying, well, shoot, I mean, 585 00:32:46,840 --> 00:32:49,280 Speaker 2: we're not going to invest more money into this country. 586 00:32:49,320 --> 00:32:51,560 Speaker 1: We're not going to invest more money into refineries. 587 00:32:51,840 --> 00:32:54,640 Speaker 2: If in a five, six, seven, eight year period of time, 588 00:32:54,760 --> 00:32:55,800 Speaker 2: they're going to be shut down. 589 00:32:55,880 --> 00:32:57,120 Speaker 1: They have been pushed out. 590 00:32:56,920 --> 00:32:59,640 Speaker 2: Of the market in California, and now all of a 591 00:32:59,680 --> 00:33:03,600 Speaker 2: sudden in California, looking at their prices going up dramatically 592 00:33:04,080 --> 00:33:06,320 Speaker 2: all of a sudden, Gavin knew him as saying, well, 593 00:33:06,360 --> 00:33:08,440 Speaker 2: you know what, maybe we should reopen way, maybe we 594 00:33:08,480 --> 00:33:12,480 Speaker 2: should open refineries here. Well, if that's the case, Gavin, 595 00:33:12,520 --> 00:33:14,640 Speaker 2: why did you close them in the first place or 596 00:33:14,760 --> 00:33:18,720 Speaker 2: chase them out of the state. So our energy policy 597 00:33:18,760 --> 00:33:21,560 Speaker 2: in terms of oil refining and that needs to have 598 00:33:21,600 --> 00:33:24,440 Speaker 2: a strong look at it. And again with our oil 599 00:33:24,480 --> 00:33:27,280 Speaker 2: prices and gas prices being as high as they, well, 600 00:33:27,320 --> 00:33:30,200 Speaker 2: the oil price is coming down, the gasoline needs to 601 00:33:30,240 --> 00:33:33,800 Speaker 2: follow that. The fact that again we're thirty seven percent 602 00:33:33,880 --> 00:33:36,800 Speaker 2: higher than we were back in twenty twenty, again when 603 00:33:36,840 --> 00:33:39,360 Speaker 2: we were energy independent for the first time since nineteen 604 00:33:39,440 --> 00:33:41,800 Speaker 2: forty nine. We need to get back to the point 605 00:33:41,840 --> 00:33:45,240 Speaker 2: of where we are energy dominant to keep these prices down. 606 00:33:45,360 --> 00:33:49,120 Speaker 2: And the policies of the Trump administration have been pushing 607 00:33:49,440 --> 00:33:52,360 Speaker 2: and because we have a good relationship and he has 608 00:33:52,400 --> 00:33:55,120 Speaker 2: a good relationship with some of the members of OPEC, 609 00:33:55,280 --> 00:33:57,520 Speaker 2: as you saw the other day when he went to 610 00:33:57,640 --> 00:34:03,560 Speaker 2: Egypt after addressing the Israeli kannesse It. When the hostages 611 00:34:03,560 --> 00:34:07,160 Speaker 2: were returned, he then flew to Egypt to this conference 612 00:34:07,240 --> 00:34:10,879 Speaker 2: with the different Arab groups to in order to make 613 00:34:10,920 --> 00:34:14,880 Speaker 2: sure that they put forth a piece plan themselves. And 614 00:34:14,960 --> 00:34:18,279 Speaker 2: so with the benefits that he has there and with 615 00:34:18,440 --> 00:34:21,600 Speaker 2: the warm relationship that he has with the folks there, 616 00:34:22,000 --> 00:34:26,240 Speaker 2: Opek has been behaving themselves and keeping the energy production 617 00:34:26,440 --> 00:34:30,239 Speaker 2: up and their volumes that they're doing have increased, which 618 00:34:30,800 --> 00:34:34,680 Speaker 2: some are estimating that by next year we are going 619 00:34:34,719 --> 00:34:37,520 Speaker 2: to actually have an oil glut, which is one of 620 00:34:37,520 --> 00:34:40,120 Speaker 2: the reasons when you have a lot of supply and 621 00:34:40,239 --> 00:34:43,160 Speaker 2: demand stays the same, and if your supply goes up, 622 00:34:43,440 --> 00:34:46,680 Speaker 2: that actual cost goes down because the demand remains the same. 623 00:34:46,960 --> 00:34:49,520 Speaker 2: And that's one of the reasons why oil prices are 624 00:34:49,560 --> 00:34:51,840 Speaker 2: as low as they are, and they're trying to contain 625 00:34:51,920 --> 00:34:57,040 Speaker 2: their or maintain their dominance. Oil prices dipped on Wednesday, 626 00:34:57,120 --> 00:34:59,919 Speaker 2: holding near a five month low for the second day, 627 00:35:00,280 --> 00:35:04,920 Speaker 2: pressured by escalating US China trade tensions and the International 628 00:35:05,040 --> 00:35:08,840 Speaker 2: Energy Agency's prediction of supply surplus. In twenty twenty six, 629 00:35:09,280 --> 00:35:14,600 Speaker 2: Bank of America said Brent prices could dip below fifty 630 00:35:14,840 --> 00:35:19,919 Speaker 2: dollars a barrel if US China trade tensions intensify, while 631 00:35:20,000 --> 00:35:25,160 Speaker 2: OPEC plus production ramps up again. The Saudis and OPEC 632 00:35:25,239 --> 00:35:29,600 Speaker 2: Plus because as a favor, to let's face it, Trump 633 00:35:29,640 --> 00:35:34,879 Speaker 2: administration in Israel took out Iran's nuclear capabilities. They were 634 00:35:35,000 --> 00:35:37,960 Speaker 2: the bully of the Mid East and everybody was in 635 00:35:38,000 --> 00:35:42,000 Speaker 2: fear of them, and so they were doing certain things 636 00:35:42,000 --> 00:35:46,440 Speaker 2: that were kind of more I guess favorable to Iran. 637 00:35:46,960 --> 00:35:49,279 Speaker 2: Now that they don't have to worry about that, they 638 00:35:49,320 --> 00:35:53,440 Speaker 2: are relieved that this potential of an adversary there with 639 00:35:53,680 --> 00:35:56,680 Speaker 2: a nuke they don't have to worry about. So of 640 00:35:56,719 --> 00:35:59,640 Speaker 2: course they're going to be ramping up their production in 641 00:35:59,800 --> 00:36:02,760 Speaker 2: order to help the economy of the United States. On Tuesday, 642 00:36:02,840 --> 00:36:06,759 Speaker 2: the IEA said the global oil market could face a 643 00:36:06,880 --> 00:36:11,080 Speaker 2: surplus next year of up to four million barrels per day, 644 00:36:11,640 --> 00:36:15,120 Speaker 2: wider than the previous forecast, as OPEC Plus and others 645 00:36:15,400 --> 00:36:19,759 Speaker 2: raise output in demand remains sluggish. The trade dispute between 646 00:36:19,800 --> 00:36:23,520 Speaker 2: the world's two largest oil consumers has reignited over the 647 00:36:23,600 --> 00:36:27,240 Speaker 2: last week, with US and China imposing additional port fees 648 00:36:27,320 --> 00:36:31,040 Speaker 2: on ships carrying cargo between them. The tip for tat 649 00:36:31,160 --> 00:36:36,960 Speaker 2: moves could disrupt oil freight flows. US Traasury Secretary Scott 650 00:36:37,000 --> 00:36:40,520 Speaker 2: Besson on Wednesday insisted that Washington did not want to 651 00:36:40,680 --> 00:36:44,400 Speaker 2: escalate the trade conflict, stressing that President Donald Trump is 652 00:36:44,440 --> 00:36:48,759 Speaker 2: ready to meet with Chinese President Jizing Ping North in 653 00:36:48,880 --> 00:36:52,040 Speaker 2: South Korea later this month. That was an on again, 654 00:36:52,160 --> 00:36:54,399 Speaker 2: off again thing. Oh, we're not going to meet. Yes, 655 00:36:54,440 --> 00:36:56,600 Speaker 2: we are going to meet. The fact that they are 656 00:36:56,640 --> 00:36:59,480 Speaker 2: going to meet is a good sign. Last week, China 657 00:36:59,480 --> 00:37:03,200 Speaker 2: announced that would increase rare earth export controls and Trump 658 00:37:03,239 --> 00:37:07,879 Speaker 2: threatened to raise tariffs. Deflationary pressure persisted in China, with 659 00:37:07,960 --> 00:37:12,359 Speaker 2: both consumer and producer prices falling in September as a 660 00:37:12,440 --> 00:37:17,880 Speaker 2: prolonged property market slump and trade tensions also weighed on 661 00:37:17,920 --> 00:37:21,320 Speaker 2: their economy, and the US investors are becoming more convinced 662 00:37:21,320 --> 00:37:23,640 Speaker 2: that the Federal Reserve are going to be freeing up 663 00:37:23,719 --> 00:37:24,360 Speaker 2: interest rates. 664 00:37:24,800 --> 00:37:27,720 Speaker 1: China's economy being such. 665 00:37:27,560 --> 00:37:29,400 Speaker 2: A closed society over there, and we don't get a 666 00:37:29,400 --> 00:37:32,120 Speaker 2: whole lot of news, but the people that are close 667 00:37:32,200 --> 00:37:35,680 Speaker 2: to that and watching that their economy is not as 668 00:37:35,719 --> 00:37:39,359 Speaker 2: strong as they would like to project to the world, 669 00:37:39,520 --> 00:37:43,480 Speaker 2: and the fact that putting sanctions on Russia and China 670 00:37:43,520 --> 00:37:47,160 Speaker 2: being the largest purchaser of Russian oil. With that not 671 00:37:47,239 --> 00:37:50,279 Speaker 2: being available, they are suffering. In the past, they've been 672 00:37:50,320 --> 00:37:53,560 Speaker 2: trying to stockpile oil, which in my opinion, what they're 673 00:37:53,560 --> 00:37:56,359 Speaker 2: trying to do is stockpile oil so that they can 674 00:37:56,440 --> 00:38:00,800 Speaker 2: go on some sort of a nation building if you will, 675 00:38:00,920 --> 00:38:03,560 Speaker 2: or put pressure on some of the other countries to 676 00:38:04,120 --> 00:38:07,919 Speaker 2: Taiwan to take them over. So keeping them in check 677 00:38:08,040 --> 00:38:11,799 Speaker 2: and their economy not being as strong is and recognize 678 00:38:11,800 --> 00:38:14,480 Speaker 2: that and keep putting pressure on them will make the 679 00:38:14,520 --> 00:38:18,360 Speaker 2: world a heck of a lot safer. So again, China 680 00:38:18,480 --> 00:38:21,640 Speaker 2: is not nearly as strong economically as everybody would like 681 00:38:21,719 --> 00:38:23,839 Speaker 2: to think, and some of the pressure that's being put 682 00:38:23,880 --> 00:38:28,120 Speaker 2: on by the Trump administration is having a drastic effect 683 00:38:28,160 --> 00:38:31,320 Speaker 2: on them. Even though they are vague at and again, 684 00:38:31,600 --> 00:38:34,280 Speaker 2: they're always looking for a way of you know, because 685 00:38:34,320 --> 00:38:37,719 Speaker 2: the Oriental mind, they have to save face. So you're 686 00:38:37,760 --> 00:38:41,200 Speaker 2: constantly in a battle back and forth. But then when 687 00:38:41,280 --> 00:38:43,640 Speaker 2: you've got the upper hand, you've got to figure out 688 00:38:43,680 --> 00:38:47,120 Speaker 2: a way that they can save face and make it 689 00:38:47,120 --> 00:38:49,759 Speaker 2: seem as though that they decided that they were going 690 00:38:49,840 --> 00:38:50,560 Speaker 2: to do certain things. 691 00:38:50,640 --> 00:38:51,920 Speaker 1: It's kind of complicated, but. 692 00:38:53,480 --> 00:38:57,800 Speaker 2: I have more confidence in Steve Bessen and Donald Trump. 693 00:38:57,840 --> 00:38:59,760 Speaker 1: Than I do Jijingping well, folks. 694 00:39:00,040 --> 00:39:02,399 Speaker 2: As a fresh stay tuned for ATI radio Top the Hour, 695 00:39:02,680 --> 00:39:07,719 Speaker 2: I'm Kevin Gordon. America struck a network seven hundred WLW