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Speaker 1: In every profession, there's always the bad apples. I truly

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Speaker 1: believe that most police officers and police agencies really want

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Speaker 1: to do best. However, there's always a couple of people

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Speaker 1: out there who are willing to be manipulated or do

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Speaker 1: evil things. I'm glad that DC police chief is resigning

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Speaker 1: now that there's an investigation into the manipulation of statistics

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Speaker 1: in DC. Not a surprise, the very sad.

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Speaker 2: What there's been a manipulation of crime stats by a

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Speaker 2: co op, particularly the chief, and in the District of Columbia.

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Speaker 2: Dragon you got I've gotta I gotta take a break

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Speaker 2: and catch my breath.

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Speaker 3: I'm just as shocked as you are. I need to

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Speaker 3: sit down. I am sitting down. I've been sitting down

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Speaker 3: for two hours now. I'm not making fun of you, Alexi,

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Speaker 3: but it is, isn't it.

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Speaker 4: Again?

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Speaker 2: This is a new audience, so you need to know

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Speaker 2: how what a strong I used to represent cops when

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Speaker 2: I was practicing law. I represented cops in federal court

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Speaker 2: and everything, and my theory was always this, good cops

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Speaker 2: want to get rid of the bag cops because the

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Speaker 2: bag cops will make it more difficult for them to

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Speaker 2: do their job. And if you don't believe me, go

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Speaker 2: watch go watch the movies. They're always going after the

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Speaker 2: bag cops. Let's go to the Caribbean for a little bit.

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Speaker 2: Let's go to the crip. You want to go to

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Speaker 2: the crib? Where do you want to go? Saint Thomas.

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Speaker 2: Let's go to Saint Thomas. Traditionally they're known as drug runners.

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Speaker 2: Now we're calling them narco terrorists, and I think that

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Speaker 2: kind of makes sense given their role in Venezuela's truly

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Speaker 2: hostile policy toward the United States in conjunction with China's

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Speaker 2: hostile policy towards the United States.

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Speaker 4: You know, you gotta love China.

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Speaker 2: So China knows that we're the largest consumer economy on

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Speaker 2: the face of the planet. And until China figures out

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Speaker 2: a way to start selling all of their cheap crap

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Speaker 2: to Martians, you know, on Mars or Vesuvians on Venus

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Speaker 2: or wherever, Venetians or whatever Venus, China will start selling

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Speaker 2: them their cheap crap too. But right now we're the

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Speaker 2: place to sell cheap China crap. At the same time

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Speaker 2: that China's trying to sell us cheap crap, they're also

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Speaker 2: selling the Venezuelans all the precursors to make all of

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Speaker 2: the fentanyl and the math and everything.

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Speaker 4: Else so that they can kill the people.

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Speaker 2: Of course, I guess the people that are killing are

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Speaker 2: not necessarily always the ones that are buying the cheap

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Speaker 2: China crap.

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Speaker 4: So you know, China's got the best of both worlds.

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Speaker 2: Kill the ones that can't buy our crap, and then

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Speaker 2: the ones that can buy our crap, make sure they

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Speaker 2: stay alive and make sure they still have jobs so

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Speaker 2: they buy our crab. It's a win win for China.

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Speaker 2: And it's so wain Tomen from Maduro because he's the

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Speaker 2: middleman and who always makes the money.

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Speaker 4: The mintal man's making all the money right here.

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Speaker 2: So the death, though it's inflicted by the illegal drugs,

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Speaker 2: they don't give a hoot about that, not whatsoever. But

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Speaker 2: what I find fascinating speaking a language and hate speech

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Speaker 2: and all of that, and his attempts to spend those

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Speaker 2: drug traffickers as saintly victims of the oppression of the Americans.

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Speaker 2: Senator Adam Shifty Shift shift Shift. We got that one

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Speaker 2: out pretty safely, didn't I he wants to use a

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Speaker 2: different term, and the first time I heard him say.

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Speaker 4: This, I laughed out loud.

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Speaker 2: He's now referring to the thevictims of our missile attacks

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Speaker 2: on the speed boat as ship wrecked survivors.

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Speaker 4: He tweeted that or posted on x this.

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Speaker 2: The killing of ship wrecked survivors at sea is a

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Speaker 2: text book violation of the laws of war. If Hegeseth,

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Speaker 2: the Secretary War is so proud of the killing of

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Speaker 2: these survivors, the Pentagon should release the full video, just

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Speaker 2: like they have with other boat strikes. The American people

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Speaker 2: deserve the full You know, whatever ship wrecked survivors at sea?

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Speaker 2: Is that boat a shipwreck?

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Speaker 4: Now?

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Speaker 2: If I told you that there was on somewhere in

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Speaker 2: the Atlantic there was a shipwreck, what would you think that?

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Speaker 2: I think, you know, A great example is the Titanic.

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Speaker 2: It was a shipwreck, the ship wrecked. To think about it,

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Speaker 2: it's a compound. It's a compound noun shipwreck, the ship wrecked.

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Speaker 2: It ran into an iceberg and it fell apart and

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Speaker 2: it sank. Now, if the Titanic had been attacked by missiles,

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Speaker 2: if we had missiles then or cannon fodder. Let's just say,

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Speaker 2: attacked by you.

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Speaker 4: Know, pirates.

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Speaker 2: Somalian pirates had attacked the Titanic, we might refer later on,

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Speaker 2: like decades later, after it had sunk and it was

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Speaker 2: at the bottom of the Atlantic, we might have referred

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Speaker 2: to the town that shipwreck at the bottom of the ocean.

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Speaker 2: But was it a shipwreck? No, I don't think that

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Speaker 2: it was. But this is the extent to which we

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Speaker 2: will go to bastardize the language in order to fit

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Speaker 2: the narrative. Tolsey Gabbert doesn't really want to deal with that. Well,

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Speaker 2: she's just not going to have any of it. She's

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Speaker 2: not going to put up with the idea of that

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Speaker 2: shipwrecked Gragan, can I get a microphone over there by chance?

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Speaker 4: Thank you?

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Speaker 5: Based on what you know, do you believe these boat

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Speaker 5: strikes are legal?

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Speaker 1: No?

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Speaker 4: I don't.

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Speaker 6: They're unlawful, they're unconstitutional, and killing two people who are

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Speaker 6: shipwrecked at sea is also morally repugnant. I agree with

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Speaker 6: Tom we should do everything lawfully that we can to

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Speaker 6: stop the scourge of drugs coming into this country. But

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Speaker 6: this is not at all lawful or constitutional.

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Speaker 4: And frankly, if.

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Speaker 6: The Pentagon and our Defense secretary is so proud of

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Speaker 6: what they're doing, let the American people see that video.

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Speaker 6: Let the American people see two people standing on a

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Speaker 6: capsized boat, or sitting on a capsized.

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Speaker 2: Capsized Yes, it was just rolling along as a hurricane

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Speaker 2: came along and it capsized the boat. Always pay attention

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Speaker 2: to the language, ere regardless of what you might be

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Speaker 2: trying to convey.

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Speaker 4: Michael. Technically, they are a shipwreck. They ran straight into

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Speaker 4: a missile.

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Speaker 2: Yep, lowsy navigation. Imagine those guys getting on those boats.

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Speaker 2: I guess if you get paid enough where you've got

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Speaker 2: a gun pointed at your head, you'll get on the boat,

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Speaker 2: won't you. You know, the MSNBC is now ms now

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Speaker 2: and if you find the backcrap, crazy lunacy, and the malice, it's.

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Speaker 4: Truly malice too. Of the kooks that are on ms NOW.

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Speaker 2: If you find that alarming, wait until they are deplatformed,

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Speaker 2: or they get fired or their show gets canceled and

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Speaker 2: they have nothing to lose by just letting it all out.

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Speaker 2: Think about Keith Oberman. Keith, I'm crazy, And you know,

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Speaker 2: I was in New York for a couple of weeks

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Speaker 2: ago and I kept thinking, I wonder if I run

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Speaker 2: into Keith won, if Keith will still treat me with

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Speaker 2: the respect like he used to. Has he gone really crazy?

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Speaker 4: I don't know. Another nutjob. Joy Reid.

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Speaker 2: A rant that she did recently about the Founding Fathers,

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Speaker 2: she's a former MSNBC host, has.

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Speaker 4: Resurfaced on social media this week.

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Speaker 2: She's accusing the Founding Fathers of genocide against Indigenous people.

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Speaker 2: She claimed that the Founding Fathers had a sense of

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Speaker 2: entitlement and that they appeared to side with King George

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Speaker 2: the Third over the American Revolution. Wait a minute, she

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Speaker 2: claims that they had a sense of entitlement and they

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Speaker 2: sided with King George. Yes, they did everything they could

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Speaker 2: to get King George to pay attention to what was

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Speaker 2: going on in the colonies, and then they finally had

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Speaker 2: enough and then they declared win him. Of course of

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Speaker 2: human events, but siding with the enemy is reflexive with

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Speaker 2: these Marxists. Here's what Reed thinks of our country and

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Speaker 2: those who built it out of wilderness. So that you know, no,

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Speaker 2: I'm not going to read it. I want you to

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Speaker 2: hear I can can I get a mike? I want

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Speaker 2: you to hear what she.

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Speaker 5: Says, so you know this nation was founded by killers

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Speaker 5: who slaughtered ninety percent of the Indigenous people, leeches who

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Speaker 5: glombed off of the indigenous who taught them how to

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Speaker 5: survive in the wilderness, and then murdered them as their

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Speaker 5: things and then took all their land. And you want

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Speaker 5: to talk about entitlement, They felt entitled to own other

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Speaker 5: people and they didn't even want to pay taxes on it,

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Speaker 5: so they decided to have a whole war with Britain.

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Speaker 2: So I wow, the reverence for Indigenous people is pretty

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Speaker 2: rich coming from a second generation African colonists who is

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Speaker 2: sputteringly hostile to Caucasians who built this country, many of

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Speaker 2: whom have ancestors who lived here going back for centuries. Yeah,

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Speaker 2: I call her a newcomer. Yeah, but what about this

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Speaker 2: claim about ninety percent.

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Speaker 4: Let's do this.

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Speaker 2: Let's think a break now, and when we get back,

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Speaker 2: let's think about her claim about the founding fathers killed

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Speaker 2: ninety percent of the Indigenous population when they arrived.

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Speaker 4: True or false.

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Speaker 3: Believe me about the shipwreck because I saw collusion in

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Speaker 3: plain sight.

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Speaker 4: Collusion in plain sight, Joy Reid and.

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Speaker 5: Was founded by killers who slaughtered ninety percent of the

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Speaker 5: Indigenous people, Leeches who glombed off of the indigenous, who

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Speaker 5: taught them how to survive in the wilderness, and then

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Speaker 5: murdered them as their things, and then took all their land.

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Speaker 5: And you want to talk about entitlement, They felt entitled

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Speaker 5: to own other people and they didn't even want to

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Speaker 5: pay taxes on it. So they decided to have a

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Speaker 5: whole war with Britain.

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Speaker 4: So I.

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Speaker 2: Want you to I know, what she says is crazy

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Speaker 2: and it's false, and I'll give you some stats in

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Speaker 2: just a minute. I want you to think about her audience.

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Speaker 2: When I think about my audience, I think about a

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Speaker 2: gaggle of goobers that are well informed, logical, rational, sometimes emotional.

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Speaker 2: That's okay. You need a nice balance between emotional. You know,

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Speaker 2: you got to have your emotional abilities and your intellectual abilities,

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Speaker 2: and you reason and deal with logic and you you

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Speaker 2: really try to understand both sides of the issue. And

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Speaker 2: you know that most of the time, I'm right. The

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Speaker 2: thing about her audience, they're truly those drive by consumers

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Speaker 2: of news. They're just lapping this up.

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Speaker 4: They're like my.

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Speaker 2: Limburger's when they go over there's a big bowl of

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Speaker 2: water on your drum, they just sounk it all up.

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Speaker 2: Or dinner time, they just eat it up.

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Speaker 4: Well.

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Speaker 7: For example, we had that the talkback earlier about Trump's

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Speaker 7: birthday now going to be a national holiday or whatever.

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Speaker 7: Oh yeah, So I would like to think that most

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Speaker 7: of our listeners, these goobers, may have seen that and

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Speaker 7: went that's interesting. Let me dive further into that to

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Speaker 7: find out.

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Speaker 4: If that's true or not right right.

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Speaker 7: But whereas her listeners, her viewers take.

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Speaker 4: It a face value, probably not so much.

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Speaker 2: They just take it at face value, So that claim misapplies,

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Speaker 2: but is actually a very well documented approximately ninety percent

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Speaker 2: population decline of indigenous people across the North American continent.

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Speaker 2: There was did you know that dragon a popular an

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Speaker 2: almost ninety percent population decline in indigenous people across the

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Speaker 2: North American North America.

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Speaker 4: But do you know when fourteen ninety two to about

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Speaker 4: sixteen hundred, Yes.

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Speaker 2: Why because of Eurasian diseases like smallpox. And of course

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Speaker 2: there was some violence, you can't deny. There's always violence

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Speaker 2: when you have clashes of civilizations. But this so called

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Speaker 2: great dying that predates the US founding in seventeen eighty

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Speaker 2: nine when we signed the Constitution or seventeen seventy sixty.

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Speaker 2: The way it predates all of that, and that affected

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Speaker 2: the entire hemisphere that great dying, not just what is

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Speaker 2: now the United States, where pre fourteen ninety two estimates

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Speaker 2: range from somewhere between two and seven million. US specific

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Speaker 2: estimates showed Native American populations in seventeen eighty nine around

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Speaker 2: seventy six thousand, increasing during our expansion to one hundred

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Speaker 2: and twenty nine thousand by mid eighteen twenty five. So

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Speaker 2: while we were doing our territorial expansion, there was at least,

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Speaker 2: according to some census counts, an increase from seventy six

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Speaker 2: thousand to one hundred and twenty nine thousand. Now, obviously

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Speaker 2: those censuses are incomplete, and they may have excluded many

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Speaker 2: untaxed tribes by the early eighteen hundreds. By say, eighteen twenty,

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Speaker 2: no reliable data anywhere indicates a ninety percent drop during

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Speaker 2: the period, say between seventeen eight.

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Speaker 4: Eighty nine and eighteen twenty or eighteen sixty.

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Speaker 2: Declines from violence were significant later post eighteen thirties because

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Speaker 2: of things like the Trail of Tears that did kill thousands,

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Speaker 2: but warfare accounted for about forty five thousand deaths between

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Speaker 2: seventeen eighty nine and eighteen twenty. Disease was the most

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Speaker 2: dominant factor in ongoing declines through the eighteen hundreds, alongside displacement.

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Speaker 2: Displacement but not settlers directly killing ninety percent in that

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Speaker 2: specified period. Early US census example, around eighteen twenty omitted

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Speaker 2: most navies, So that complicates the counts, But there is

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Speaker 2: no evidence that supports the claim's time frame or the

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Speaker 2: mechanism that we killed approximately ninety percent. She's conflating one

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Speaker 2: period of time with another period of time. But we

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Speaker 2: shouldn't be surprised by that whatsoever, now should we? Of course,

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Speaker 2: we shouldn't be. In other news, I stopped this morning.

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Speaker 2: We got a diet coke I ordered my I've kind

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Speaker 2: of changed my habit a little bit because of the

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Speaker 2: time change. For me, no longer I have to go

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Speaker 2: to the McDonald's and get my dollar coke, which is

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Speaker 2: now a diet coke, which is now McDonald's a dollar

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Speaker 2: thirty nine Even I can do that math. That's a

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Speaker 2: thirty nine percent increase in the cost. So what used

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Speaker 2: to be a dollar for the same with math now

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Speaker 2: is thirty nine percent higher, third higher, more than a

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Speaker 2: third higher. Instead, I go over to the Sonny, there's

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Speaker 2: a sonic over here off Tamarack, and I can just

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Speaker 2: pull off the interstate, grab that diet coke, come back

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Speaker 2: around here on Monico, and just pulled right in the

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Speaker 2: pokingons e. Easy peasy. I've been doing that for I

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Speaker 2: don't know how long now, well as long as i've

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Speaker 2: been on radio, seventeen eighteen years, coming up in my

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Speaker 2: twenty years. But what was a dollar is now dollar

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Speaker 2: thirty nine at McDonald's. And what is or was about

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Speaker 2: a dollar ninety nine or two dollars at the Saunnic

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Speaker 2: with tax and tip, is now a little over three

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Speaker 2: dollars again a thirty percent increase. It's not inflation. It's

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Speaker 2: a tax on autopilot. It's corporate America realizing you're gonna

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Speaker 2: keep paying this because you stop thinking about it a long,

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Speaker 2: long time ago, and you got into the habit, just

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Speaker 2: like I'm in the habit. You might even say I'm

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Speaker 2: addicted to diet coke. I might freely admit that, but

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Speaker 2: I don't buy into the greedy corporations are responsible for

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Speaker 2: inflation narrative. But I do believe that they don't drop

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Speaker 2: prices when the inputs fall. Business is too good. So

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Speaker 2: the Biden inflation that nine ten, fifteen twenty percent inflation

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Speaker 2: established a new baseline, and we just kept buying, and

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Speaker 2: we keep buying. Now some places are starting to recognize there.

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Speaker 2: There was a couple of stories on the street yesterday about, uh,

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Speaker 2: Chili's is now competing with McDonald's. McDonald's has recognized that, oh,

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Speaker 2: we're starting to lose a lot of our lower income

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Speaker 2: customers and we're gaining some hiring income customers. Now they

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Speaker 2: want to keep everybody. So McDonald's is going to come

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Speaker 2: back with the value meal Chili's of all places. I

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Speaker 2: went to Chili's for the first time and I don't know,

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Speaker 2: months and months and months, what a few days ago,

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Speaker 2: I forget it. Tamerline went on one day, maybe last

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Speaker 2: week sometime, and I was shocked at, oh, this is

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Speaker 2: about the same price as if you went to McDonald's

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Speaker 2: and got, you know, a quarter pounder with cheese, fries

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Speaker 2: and a diet go Because Chili's has decided they're going

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Speaker 2: to try to steal some of that market share over there.

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Speaker 4: But back to my point.

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Speaker 2: About I don't buy into the greedy corporations or response

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Speaker 2: for inflation. They're they're simply, Hey, business is pretty good

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Speaker 2: right now, and we're going to adjust a little bit

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Speaker 2: here and there, but we're not just going to drop

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Speaker 2: back because our inputs have not dropped off, and until

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Speaker 2: the inputs drop off, they're not.

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Speaker 4: Going to lower prices. And I think they're right.

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Speaker 2: We have responded to price signals the same way we

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Speaker 2: respond to a Carl arm in the parking lot. We're

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Speaker 2: annoyed by it, but we're numb to it. And inflation

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Speaker 2: at McDonald's or Sonic is annoying. Inflation in college is insanity.

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Speaker 2: And I was thinking about this because we're going I

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Speaker 2: won't be here Friday, because we're going to our grandson's graduation.

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Speaker 2: He's graduating a semester early, and I'm really proud of him.

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Speaker 2: He's getting a degree in hydrology. He's going to be

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Speaker 2: an engineer of some sort, which I can't believe. They

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Speaker 2: got to talk him out of that, but he ended

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Speaker 2: up being some sort of water engineer. I just don't

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Speaker 2: want to use the word engineer in his name in

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Speaker 2: the same sentence, because engineer's crazy.

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Speaker 4: We all know that. So while the inflation.

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Speaker 2: At McDonald's or Sonic, or Starbucks or Chili's or anywhere

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Speaker 2: else is annoying. Inflation at college is insane, and yet

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Speaker 2: parents will drive across town to save you know, ten

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Speaker 2: centsony for a gallon of gas, and then they'll send

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Speaker 2: their kids to Boston University for eighty thousand a year,

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Speaker 2: because that's just what you do after high school. We

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Speaker 2: treat colleges like a brand that we've been loyal to

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Speaker 2: since nineteen eighty three, not like a product with a

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Speaker 2: price tag that has gone absolutely off the rails. The

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Speaker 2: price signal from college tuition to screaming.

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Speaker 4: Stop paying this.

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Speaker 2: I think about what my kids paid for my grandson

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Speaker 2: education and.

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Speaker 4: I think, well, wait a minute.

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Speaker 2: And then they think, but we've always paid this, and

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Speaker 2: I think, but I didn't pay that. I think about

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Speaker 2: what my law school tuition was per hour. I'm embarrassed

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Speaker 2: to tell you what was per hour. Thing You'll think

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Speaker 2: I got my You'll think I got my law degree

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Speaker 2: at Walmart. It was so damn cheap. It was. It

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00:21:08,600 --> 00:21:13,119
Speaker 2: was a prize rollback. No, not really true, not really true.

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Speaker 2: My grandson's thinking about going to graduate school, and quite frankly,

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Speaker 2: I hope that he does. But if he gets a scholarship,

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Speaker 2: which I think that he will. He got some scholarships

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Speaker 2: for his undergraduate Those are heavily subsidized budget analysis, intelligence,

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Speaker 2: maybe law school and NBA afterward, I don't know paid for,

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Speaker 2: you know, with my tax dollars. His rational response to

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Speaker 2: stupid pricing for getting his graduate degree and a job

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Speaker 2: market for his peers that for his peers anyway looks tough.

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Speaker 4: Doesn't look tough for him.

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Speaker 2: But something like ten percent of twenty to twenty four

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Speaker 2: year old graduates heals are unemployed right now. Ten of

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Speaker 2: twenty to twenty four year old graduates. He fits right

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Speaker 2: in that category or unemployed now he could based on

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Speaker 2: his particular degree because it's very specialized. He could ran

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Speaker 2: a job, and he wants to get that graduate degree.

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Speaker 2: I think one because he loves school, and I think

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Speaker 2: two because he wants to boost up his income when

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Speaker 2: he finally does actually goog get one of those real jobs.

356
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Speaker 2: Things other than the military look good too, trade school,

357
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Speaker 2: building a renovation business. I like building up mom and

358
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Speaker 2: pop plumbing companies. When you know sixty five year olds retire,

359
00:22:44,000 --> 00:22:47,160
Speaker 2: the real wealth of the next generation is not going

360
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Speaker 2: to be in apps. It's going to be in construction,

361
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Speaker 2: skilled labor, home renovation, small small business roll ups. I

362
00:22:56,400 --> 00:23:00,600
Speaker 2: don't think it's in writing Python, so ai I can

363
00:23:00,800 --> 00:23:07,840
Speaker 2: automate Python. Here's the old rule, young people replace old people.

364
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Speaker 4: The new rule, no one.

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Speaker 2: Has enough savings to leave, so they're not gonna leave.

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00:23:14,960 --> 00:23:20,919
Speaker 2: Of Americans can't cover a four hundred dollars emergency. So

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Speaker 2: guess what they're not doing when they reach age sixty five.

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Speaker 2: They're not retiring. They're going to stay in jobs for

369
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Speaker 2: half their salary, stay in the workforce forever. They're gonna

370
00:23:30,040 --> 00:23:32,119
Speaker 2: balk out new grats who took on I don't know,

371
00:23:32,200 --> 00:23:34,280
Speaker 2: two hundred and fifty thousand dollars worth of debt for

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Speaker 2: careers that don't exist. Here's the point of this. It's

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Speaker 2: about price signals. The price signal for higher education is like.

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Speaker 4: A siren going off.

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Speaker 2: It's loud stop sending kids into white collared traffic jams

376
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Speaker 2: with the loan that's going to drag them down forever.

377
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Speaker 2: They average first time home buyer, you know how old

378
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Speaker 2: they are. Tara and I were probably let me think eighteen.

379
00:24:07,000 --> 00:24:09,760
Speaker 2: I bet we were twenty two, twenty one, or twenty

380
00:24:09,840 --> 00:24:13,359
Speaker 2: years old when we bought our first home. The average

381
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Speaker 2: first time home buyer right now, forty that student debt,

382
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Speaker 2: car loans, credit cards, maybe too much Starbucks, and maybe

383
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Speaker 2: too much diet coach at the McDonald's. I don't know

384
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Speaker 2: I can afford it, but I'm not sure they can.

385
00:24:29,640 --> 00:24:36,800
Speaker 2: The workforce is evolving at lightning speed. I knew someone

386
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Speaker 2: who had an interview at DOGE last year. They really

387
00:24:40,480 --> 00:24:43,680
Speaker 2: wanted to move to Washington, and I think they would

388
00:24:43,720 --> 00:24:47,920
Speaker 2: have paused going to and I would have recommended, yes,

389
00:24:48,119 --> 00:24:50,800
Speaker 2: pause going to law school. They were planning to go

390
00:24:50,800 --> 00:24:53,040
Speaker 2: to law school. Pause going to law school and go

391
00:24:53,160 --> 00:24:57,400
Speaker 2: work for DOGE because that experience would have been incredible

392
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Speaker 2: on a resume, and once you graduated, that would have

393
00:25:00,720 --> 00:25:06,879
Speaker 2: helped you out. That person was twenty eight years old.

394
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Speaker 2: He had just sold a company for millions of dollars.

395
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Speaker 2: He wanted to know if I knew how to code. No,

396
00:25:17,640 --> 00:25:22,280
Speaker 2: I don't, I don't interview. Yeah, that discussion. That conversation

397
00:25:22,440 --> 00:25:28,240
Speaker 2: lasted two seconds. He doesn't reject my knowledge, he doesn't

398
00:25:28,280 --> 00:25:34,280
Speaker 2: reject my work ethic. The market could reject his skill set.

399
00:25:35,040 --> 00:25:38,879
Speaker 2: It's tired. That's not pain. It's a again, it's a

400
00:25:39,080 --> 00:25:43,520
Speaker 2: price signal. And I think at the core, artificial intelligence

401
00:25:44,119 --> 00:25:48,919
Speaker 2: isn't eliminating opportunity. I think it's eliminating the fantasy that

402
00:25:49,119 --> 00:25:53,560
Speaker 2: opportunity is evenly distributed the way colleges brochures pretend that

403
00:25:53,680 --> 00:25:58,160
Speaker 2: it is. Think about Michael Dell. Michael and Susan Dale

404
00:25:58,320 --> 00:26:02,000
Speaker 2: just gave six point some billion dollars to the not

405
00:26:02,160 --> 00:26:08,199
Speaker 2: directly to the Trump childhood accounts, but to something on

406
00:26:08,240 --> 00:26:11,840
Speaker 2: the periphery of those that will help fund those accounts

407
00:26:11,880 --> 00:26:14,800
Speaker 2: where the Trump accounts can't be funded by taxpayer dollars.

408
00:26:14,880 --> 00:26:18,760
Speaker 2: Six point one billion dollars. I know there's a tax

409
00:26:18,760 --> 00:26:26,640
Speaker 2: advantage to that, but Michael Dell built computers in his dormitory.

410
00:26:27,440 --> 00:26:30,159
Speaker 2: Even Bill Gates and Mark Zuckerberg, as much as I mean,

411
00:26:30,160 --> 00:26:33,200
Speaker 2: I like their politics, you've got to admit you've got

412
00:26:33,240 --> 00:26:35,920
Speaker 2: to respect the fact that they dropped out of college

413
00:26:37,000 --> 00:26:43,640
Speaker 2: and built those empires. The next generation doesn't need us

414
00:26:43,720 --> 00:26:48,040
Speaker 2: to tell them to follow their passion. They need us

415
00:26:48,119 --> 00:26:53,840
Speaker 2: to teach them to follow the price signals. Because here's

416
00:26:53,880 --> 00:26:59,760
Speaker 2: the real inflation problem. Inflation isn't the enemy denial of

417
00:26:59,800 --> 00:27:04,080
Speaker 2: the the price signals is prices are telling us, in

418
00:27:04,119 --> 00:27:07,280
Speaker 2: the case of higher education, to stop buying eighty thousand

419
00:27:07,280 --> 00:27:11,040
Speaker 2: dollars degrees and going into debt for that. The only

420
00:27:11,080 --> 00:27:13,919
Speaker 2: thing missing is the courage to change behavior. Because of

421
00:27:13,960 --> 00:27:17,119
Speaker 2: the price signal. Most people would rather just bitch and

422
00:27:17,160 --> 00:27:19,840
Speaker 2: moan about, you know, three dollars and fifty one cent

423
00:27:20,080 --> 00:27:23,760
Speaker 2: coffee or a dollar thirty nine diet coke or a

424
00:27:23,800 --> 00:27:26,719
Speaker 2: three dollars nineteen cent diet coke from the Sonic whatever,

425
00:27:27,000 --> 00:27:29,160
Speaker 2: and then go buy it anyway. That's that's what I do.

426
00:27:29,440 --> 00:27:33,760
Speaker 2: But then I can do it because the price signal

427
00:27:33,840 --> 00:27:37,880
Speaker 2: to me doesn't affect of course, everything.

428
00:27:37,560 --> 00:27:38,880
Speaker 4: Affects to your bottom line.

429
00:27:39,040 --> 00:27:41,680
Speaker 2: You spend three dollars and nineteen cents on a diet coke,

430
00:27:41,920 --> 00:27:44,320
Speaker 2: that's three dollars nineteen centence. You don't have to spend

431
00:27:44,359 --> 00:27:49,560
Speaker 2: on well, I don't know something else, but I've got

432
00:27:49,600 --> 00:27:53,960
Speaker 2: a wide enough berth that that price signal is meaningless

433
00:27:53,960 --> 00:27:57,680
Speaker 2: to me. But if I were that kid that talked

434
00:27:57,680 --> 00:28:02,160
Speaker 2: to me about Doge or Loss school, the price signaled

435
00:28:02,280 --> 00:28:06,040
Speaker 2: to him, he never heard it, He never heard it

436
00:28:06,080 --> 00:28:11,280
Speaker 2: at all. And my argument to him was an opportunity,

437
00:28:12,240 --> 00:28:14,400
Speaker 2: Like if I had had the opportunity, now, of course

438
00:28:14,400 --> 00:28:17,879
Speaker 2: I wouldn't have been the undersecretary. And if Doge has

439
00:28:17,960 --> 00:28:20,719
Speaker 2: existed when I was thinking about going to law school,

440
00:28:21,640 --> 00:28:23,719
Speaker 2: I would not have been the under secretary of DOGE.

441
00:28:25,080 --> 00:28:27,719
Speaker 2: But if I had had an opportunity like that prior

442
00:28:27,760 --> 00:28:30,200
Speaker 2: to law school, even though law school at that time

443
00:28:30,320 --> 00:28:34,000
Speaker 2: was cheap, I might have taken that opportunity because post

444
00:28:34,080 --> 00:28:38,320
Speaker 2: law school, post law degree, that would have increased the

445
00:28:38,400 --> 00:28:41,520
Speaker 2: value of that degree. I look at what they're paying

446
00:28:41,560 --> 00:28:45,200
Speaker 2: now for law school tuition or undergraduate or graduate tuition,

447
00:28:46,000 --> 00:28:51,760
Speaker 2: and I'm thinking, go get the experience, Go follow that passion,

448
00:28:52,440 --> 00:28:55,560
Speaker 2: because for example, he really was fascinated by the work

449
00:28:55,600 --> 00:28:59,640
Speaker 2: that Doge was doing. Young conservative, pretty good at economics,

450
00:28:59,720 --> 00:29:03,920
Speaker 2: kind of understood, you know, the opportunity and the lost

451
00:29:04,000 --> 00:29:07,000
Speaker 2: opportunity cost of delaying law school and getting that. You

452
00:29:07,000 --> 00:29:09,760
Speaker 2: know that juris doctorate for maybe a year or two,

453
00:29:12,000 --> 00:29:19,600
Speaker 2: but pricing out that experience probably invaluable. Where are you

454
00:29:19,640 --> 00:29:23,280
Speaker 2: and I missing price signals. I'm one of those that,

455
00:29:23,760 --> 00:29:27,040
Speaker 2: out of habit I usually go to Sam's or sometimes

456
00:29:27,160 --> 00:29:30,120
Speaker 2: King Supers because and I don't really care one of

457
00:29:30,200 --> 00:29:34,040
Speaker 2: whichever's closest. But I don't stop at the convenience store

458
00:29:34,160 --> 00:29:36,600
Speaker 2: to fill up the car with gas because I just

459
00:29:36,680 --> 00:29:40,480
Speaker 2: know intuitively that the price signal from the gas station

460
00:29:40,640 --> 00:29:44,200
Speaker 2: is going to be high, and so I'll calculate, well, okay,

461
00:29:44,240 --> 00:29:46,600
Speaker 2: I'm not going to just drive the five miles to

462
00:29:46,640 --> 00:29:48,920
Speaker 2: go to Sam's right now to fill up with gas,

463
00:29:49,000 --> 00:29:52,880
Speaker 2: because I'm just wasting that. I'll wait until I'm naturally

464
00:29:52,920 --> 00:29:56,000
Speaker 2: going there to or from work or something, because the

465
00:29:56,160 --> 00:30:00,640
Speaker 2: price signal says to me, okay, that ten or fifteen

466
00:30:00,640 --> 00:30:03,160
Speaker 2: cents that you're going to save per gallon times a

467
00:30:03,160 --> 00:30:06,640
Speaker 2: fifteen gallon tank or a twenty gallon tank. What's that

468
00:30:06,880 --> 00:30:08,760
Speaker 2: five cents going to save you or that ten cents

469
00:30:08,800 --> 00:30:12,600
Speaker 2: going to save you? Price signals. We've got to learn

470
00:30:12,680 --> 00:30:17,240
Speaker 2: start paying attention to price signals. And I think college

471
00:30:17,320 --> 00:30:20,840
Speaker 2: tuition is one of those price signals that too many

472
00:30:20,920 --> 00:30:21,920
Speaker 2: parents are ignoring.

473
00:30:22,840 --> 00:30:23,760
Speaker 4: Why do I bring all.

474
00:30:23,680 --> 00:30:25,800
Speaker 2: Of this up again, I say, because I'm going to

475
00:30:25,840 --> 00:30:30,160
Speaker 2: my grandson's graduation this Friday, and I'll be gone Friday

476
00:30:30,160 --> 00:30:36,120
Speaker 2: and Saturday for the graduation. I'm glad he got his

477
00:30:36,200 --> 00:30:41,440
Speaker 2: degree in the subject matter that he did, because the

478
00:30:41,520 --> 00:30:46,200
Speaker 2: job opportunities are enormous for him. But if you're going

479
00:30:46,360 --> 00:30:49,360
Speaker 2: just to get an undergraduate degree in liberal arts, and

480
00:30:49,440 --> 00:30:51,480
Speaker 2: you're going to do it, and I don't know transgender

481
00:30:51,880 --> 00:30:56,080
Speaker 2: minority women's studies or something. You got to pay attention

482
00:30:56,120 --> 00:31:01,840
Speaker 2: to the price signals because Americans, we're just two economic

483
00:31:01,920 --> 00:31:02,400
Speaker 2: illiterate