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Speaker 1: The Mark Belling Podcast is presented by you Line for

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Speaker 1: quality shipping and industrial supplies. You Line has everything in stock.

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Speaker 1: Visit you line dot com. The Markbelling Podcast is a

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Speaker 1: production of iHeartRadio Podcasts.

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Speaker 2: One of the things that I talk about a lot

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Speaker 2: is how when we do things, we never think about

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Speaker 2: the long term ramifications of them, and when we get

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Speaker 2: to a certain point, there's never enough introspection of why

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Speaker 2: we got there. This all serves the left well, because,

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Speaker 2: as I point out, the left has always proven wrong

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Speaker 2: about things, but when they are proven wrong, they never

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Speaker 2: admit it. They just move on to the next thing

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Speaker 2: and go on and be wrong about that. One of

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Speaker 2: the things that we're in the process of being wrong

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Speaker 2: about is the move towards socialism and Marxism here in

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Speaker 2: the United States. This is an argument that obviously had

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Speaker 2: been won in America. Socialism became very popular in the

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Speaker 2: forties and the fifties, and the anti communist movement knocked

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Speaker 2: it down. It hit its nator its bottom point late

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Speaker 2: eighties early nineties, when the Soviet Union fell, the Eastern

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Speaker 2: Bloc fell, and virtually all Americans left, and rights celebrated

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Speaker 2: the return of freedom and the return of capitalism and

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Speaker 2: the proof once and for all that socialism and Marxism

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Speaker 2: is a disaster. Well it's back now. The Democratic Party

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Speaker 2: is becoming a Marxist party, Mamdani and AOC. That is

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Speaker 2: what the Democratic Party is. The remainder of the Democrats

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Speaker 2: showed no sign at all of resisting or trying to

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Speaker 2: knock down this oppressive, noxious part of their party. But

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Speaker 2: the bigger question, and the one that I want to

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Speaker 2: explore today on the podcast, is this. Why is it

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Speaker 2: back now? Part of the why is simple, you have

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Speaker 2: people in their twenties, thirties and early forties who've never

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Speaker 2: been told the truth about this because they were educated

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Speaker 2: by leftist teachers who never gave up on socialism and Marxism.

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Speaker 2: I get that part of it, but it doesn't answer

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Speaker 2: the second part. Okay, fine, they're people that were telling

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Speaker 2: this is the way to go. They're lefty educators that

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Speaker 2: tell you all sorts of idiotic things, but they don't

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Speaker 2: take hold. Why suddenly is this taking hold when it

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Speaker 2: hadn't taken hold for decades. I found an interesting piece

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Speaker 2: that I think puts this all together. I'll tease it

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Speaker 2: for a moment before I share some information with you

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Speaker 2: and then go back to it. Here's the tease. There's

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Speaker 2: an old saying about you need to have skin the game.

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Speaker 2: In other words, you need to have something at stake.

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Speaker 2: An example of that is the companies that go to

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Speaker 2: employee stock ownership plans and the business itself as employee owned. Well,

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Speaker 2: when the employees actually own the company, the thinking goes

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Speaker 2: they have a vested interest in being more tied into

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Speaker 2: the success of the company, as opposed to somebody who's

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Speaker 2: just going to work there for three months and go

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Speaker 2: somewhere else. Hold that thought, because I think one of

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Speaker 2: the growing trends in America tends to explain the embrace,

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Speaker 2: particularly in the big leftist cities, and that's where this

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Speaker 2: is all coming from. I don't see like democrats right

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Speaker 2: and left in rural Wisconsin saying that they're socialists and Marxist.

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Speaker 2: The big cities around the New York and all of that,

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Speaker 2: those are the ones that are going for this. There's

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Speaker 2: something going on in those cities. Sure that. In just

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Speaker 2: a moment here. When it comes to shipping packaging, industrial supplies,

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Speaker 2: and equipment, many suppliers offer endless isles a product you

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Speaker 2: line knows what you can't do with endlessiles a product,

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Speaker 2: test the quality of each product and sure everything is

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Speaker 2: in stock and ready to ship the same day, and

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Speaker 2: have a team available twenty four to seven to answer

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Speaker 2: your product questions. You Line only carries supplies and equipment

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Speaker 2: they have tested, pride and often used in their own

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Speaker 2: business experience the you Line difference today Visit you line

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Speaker 2: dot com. The most perceptive Conservative in recent years was

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Speaker 2: Charlie Kirk. His loss is immense for a lot of reasons,

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Speaker 2: including his ability to understand and figure things out. There's

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Speaker 2: some people that are drawing attention to something that he

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Speaker 2: said a few months ago and tie it into this

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Speaker 2: context to the political debate about so called affordability. Now

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Speaker 2: we'll get to that at a moment. What you've noticed, though,

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Speaker 2: take Momdanni in New York. He the issue that he

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Speaker 2: used to sell Marxism in his campaign for New York

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Speaker 2: was affordability. Everything's too expensive. Now, I can argue, of course,

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Speaker 2: all the reasons why Marxism doesn't make things less expensive.

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Speaker 2: That it's what it instead does is it creates massive

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Speaker 2: product supplies, creates ultimately to terlitarianism. It ultimately fails terribly,

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Speaker 2: and the Marxists need to have a keep their grip

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Speaker 2: on control, so they start taking away everybody's rights. It

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Speaker 2: happens everywhere there's Marxism. But the bigger thing to look

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Speaker 2: at is why the affordability thing they've been able to

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Speaker 2: tie into Marxism. Let's start with this. The affordability problem

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Speaker 2: exploded during the Biden and it was the Democrats that

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Speaker 2: refused to be bothered by all the inflation that was

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Speaker 2: going on that are suddenly now complaining about the inflation.

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Speaker 2: There will be the permanent legacy of Biden. Well, prices

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Speaker 2: for you don't want prices to go down, that's deflation.

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Speaker 2: Deflation only occurs in a depression. What we have to

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Speaker 2: do is stop them from going any higher, which Trump

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Speaker 2: has been rather successful at doing. Nonetheless, this affordability issue

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Speaker 2: is there, and it's real, and it's especially real in

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Speaker 2: the big cities. Big cities have always been more expensive

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Speaker 2: to live in, obviously than the middle of nowhere, but

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Speaker 2: it's really bad there. Now. Some people are asking why

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Speaker 2: didn't they have this concern about affordability when we actually

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Speaker 2: had inflation. Well I have a theory about that too.

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Speaker 2: The left piece know we were having inflation when we

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Speaker 2: were having it. It wasn't like MSNBC was saying, inflation

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Speaker 2: is exploded. You may have noticed, and many people did,

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Speaker 2: that the price of butter was going up and the

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Speaker 2: price of everything else was going up, but it was

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Speaker 2: never particularly highlighted. And so many people on the left

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Speaker 2: are incapable of actually observing anything on their own. It's

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Speaker 2: only when they're told of something that they start reacting

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Speaker 2: to it. It's an entire class of society, about half

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Speaker 2: this country, that only does what it's told and only

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Speaker 2: thinks what it's told to think about anyway, that's where

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Speaker 2: the affordability came from. But let me go back to

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Speaker 2: where I want to take this. Why are people open

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Speaker 2: to the notion that Marxism is the answer to affordability.

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Speaker 2: That's where Charlie Kirk made a comment, and it's been resurrected,

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Speaker 2: and it's not being talked about in some conservative circles

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Speaker 2: as being prophetic before I read the comment. Let's back

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Speaker 2: into this. George W. Bush President. One of the things

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Speaker 2: that he tried to achieve that I think failed was

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Speaker 2: he kept talking about having an ownership society. Bush had

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Speaker 2: a number of ideas that sounded pretty good that didn't

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Speaker 2: work out. One of his ideas was to bring democracy

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Speaker 2: to the Middle East. Democracy didn't work in the Middle East.

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Speaker 2: I didn't know that at the time, but it's clear

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Speaker 2: that it doesn't. Bush kept pushing this opportunity society. He

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Speaker 2: pushed very hard for home ownership. He pushed very hard

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Speaker 2: for entrepreneurialism where people would own their own business. Again,

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Speaker 2: go back to the skin in the game argument. If

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Speaker 2: you own something and it goes up in value, you've

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Speaker 2: created your own economic security plan. For instance, if housing

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Speaker 2: costs are exploding, but you own housing, it's not a

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Speaker 2: bad thing for you. If you own a rental property

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Speaker 2: where the rents go from eighteen hundred dollars a month

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Speaker 2: to twenty seven hundred dollars a month, and you own

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Speaker 2: that property, well, that increase is making is keeping up

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Speaker 2: with all of your costs that are going up for

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Speaker 2: everything else. If you own a home that you buy

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Speaker 2: for two hundred and fifty thousand dollars and fifteen years

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Speaker 2: later it's worth six hundred and seventy five thousand dollars,

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Speaker 2: that home is less affordable than somebody else, but you

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Speaker 2: own the thing that went up in value. Growth in

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Speaker 2: an economy only benefits from people who are actually participating

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Speaker 2: in the economy, and participating in the economy goes beyond

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Speaker 2: simply I'm gonna go buy something, you have to have

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Speaker 2: a stake in it. And the comment that Charlie Kirk

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Speaker 2: made dealt with how in the big cities in the

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Speaker 2: United States, so many people, including very affluent people, we're

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Speaker 2: all renting. You see this trend in every big city

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Speaker 2: that we have. You see it in Milwaukee. The housing

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Speaker 2: boom in downtown Milwaukee is almost entirely rental. That housing boom,

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Speaker 2: by the way, as I'll mention in a moment here,

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Speaker 2: I think, has finally ended. I can't say that I'm

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Speaker 2: right about this because I've thought that the housing market

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Speaker 2: in downtown Milwaukee was overbuilt for fifteen years. It finally is,

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Speaker 2: but it certainly wasn't when I started saying it. But

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Speaker 2: it's almost all rental, and it's everywhere in the United States.

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Speaker 2: You find these cities that are going to hell, Seattle, Portland,

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Speaker 2: San Francisco, New York. Almost everybody in New York rents. Oh,

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Speaker 2: there are some people who in some of the boroughs

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Speaker 2: own a small home. And then there are the rich

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Speaker 2: people that own there in their co ops on Madison

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Speaker 2: Avenue and all of that stuff. But the overwhelming majority rent,

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Speaker 2: and in many cases rent and pay a fortune. When

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Speaker 2: you read and pay a fortune, affordability crushes you. When

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Speaker 2: things become more expensive and you don't own anything, your

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Speaker 2: entire economic life is you paying for other stuff. Secondly,

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Speaker 2: you don't have any skin in the game. There's a

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Speaker 2: piece on Fox News that appeared a few days ago,

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Speaker 2: written by Taylor Penley that deals with the Charlie Kirk comment,

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Speaker 2: and I want to share it here. Resurface warnings from

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Speaker 2: the Late Turning Point USA founder Charlie Kirk about the

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Speaker 2: dangers of young Americans embracing socialism are drawing new attention

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Speaker 2: after New York City mayor elect Zoron Mamdani, a self

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Speaker 2: described Democratic socialists, met with President Donald Trump and the

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Speaker 2: White House quote and here's the Charlie quote, how do

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Speaker 2: we get more young people under the age of thirty

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Speaker 2: five to have equity in the system. Not the democrat

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Speaker 2: version of equity where they want to have redistribution, but

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Speaker 2: actually are they paying a mortgage, do they own stuff?

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Speaker 2: Or are they permanent renters. This is July eleventh, not

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Speaker 2: long before he was killed. Charlie Kirk said this, if

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Speaker 2: you don't own anything, what skin do you have in

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Speaker 2: the game. You're completely at the mercy of everybody else.

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Speaker 2: All those apartment buildings in New York that these people

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Speaker 2: are being priced out of, that they're reading and know

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Speaker 2: Mondani coming in, I'm gonna do rent control, trying to

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Speaker 2: make it free. Well, somebody owns all those buildings. You

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Speaker 2: had an entire generation, the millennials, that just turn their

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Speaker 2: noses up at the notion of owning anything. They were

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Speaker 2: late to home ownership, they were late to starting a family.

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Speaker 2: Some were entrepreneurial, but most were not. They were the

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Speaker 2: ones that had got all these college degrees at which

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Speaker 2: they were trained in nothing. They ended up going into

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Speaker 2: the gig economy, driving uber, doing door dash, doing all

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Speaker 2: of these part time things because they couldn't find an

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Speaker 2: actual job. The notion that they would start and own

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Speaker 2: their own company non existed to them. I wonder, I

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Speaker 2: honestly don't know. I wonder what percentage of new businesses

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Speaker 2: started in America in the last twenty years from college graduates.

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Speaker 2: When I see who started business, it's like people opening

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Speaker 2: an HVAC company. People in the skilled trades, young people. Okay,

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Speaker 2: I worked in this for six years. Now I'm going

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Speaker 2: to start my own business. Those are the people who

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Speaker 2: have the plutancial for long term prosperity. Now. The thing

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Speaker 2: with regard to rent, and why I think it becomes

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Speaker 2: such a strong talking point for the Marxists, is that

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Speaker 2: in many instances these people are rather well off, but

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Speaker 2: everything's going out the door in rent. When I see

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Speaker 2: some of the rents in downtown Milwaukee, it blows my mind.

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Speaker 2: People paying three four five thousand dollars a month, And

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Speaker 2: I think about the value of a home that you

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Speaker 2: could get. If that was your mortgage payment, it would

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Speaker 2: be through the rough. You'd have an extremely nice home,

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Speaker 2: the long term potential of it increasing in value, helping

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Speaker 2: you to be set for life. But instead you're paying

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Speaker 2: pretty much everything you have to live in this nice

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Speaker 2: place that you're renting, and now here you are, you're

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Speaker 2: forty five years old. You have nothing to show for

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Speaker 2: the income that you have. Your rent keeps going up,

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Speaker 2: the cost of everything else is going up. Of course,

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Speaker 2: capitalism isn't working for you because you're not right now.

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Speaker 2: Part of capitalism you don't need anything now. The exception

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Speaker 2: to this is the people who beat the system. There

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Speaker 2: are some people who rent and then set aside their

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Speaker 2: money for them. This doesn't apply if you rent instead

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Speaker 2: of owning and take all of the savings. You're not

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Speaker 2: paying homeowners insurance, you're not a mortgae in all of this.

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Speaker 2: And when you'd get a mortgage a ton of it

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Speaker 2: as interest, you're not paying any of that. If you're

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Speaker 2: setting that aside for your own nest egg and you

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Speaker 2: got all this money in the bag, or you invested

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Speaker 2: in stocks or whatever, you're still going to be fine

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Speaker 2: because you own something else. Putting money in your four

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Speaker 2: oh one K that's in the stock market, that's owning something.

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Speaker 2: You're owning these businesses and hopefully that the companies whose

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Speaker 2: socks have been going up in price. But the people

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Speaker 2: that are living and saving nothing, which is a lot

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Speaker 2: of these lefties who live in the big cities, they're

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Speaker 2: not participating in that either. The stock market, other than

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Speaker 2: two or three hiccups, is then nothing but go up

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Speaker 2: since nineteen eighty one. But how about all the people

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Speaker 2: that didn't participate in that, and all despite the fact

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Speaker 2: that they had a rather high income because they were

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Speaker 2: spending it all I think they're are the ones that

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Speaker 2: are most open to the Marxist ideas, and take a

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Speaker 2: look at these bigs. It's all renting. Back to the

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Speaker 2: Peace on Fox News, quoting Charlie Kirk, a permanent renting

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Speaker 2: class in this country is the prerequisite, is the leading

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Speaker 2: ingredient for radical politics that nobody wants to see. That's

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Speaker 2: Charlie Kirk. He's right about this. If you went into

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Speaker 2: New York and took a look at the voting percentages

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Speaker 2: of renters in the mayoral race, I guarantee you that

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Speaker 2: it was higher than the overall total vote. The percentage

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Speaker 2: from Mamdani guarantee you continuing, we need to reinvigorate the

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Speaker 2: ownership economy, and then all of a sudden, when you

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Speaker 2: own stuff, you're less likely to burn down Wendy's and

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Speaker 2: vote for candidates like Zora Mandami Mamdani, he's right about

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Speaker 2: that too. If you own a home in Kenosha, you're

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Speaker 2: probably less likely during the riots at Gonocehan to burn

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Speaker 2: Kenosha down than if a you didn't even live in

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Speaker 2: the city, or b you're just a cannon somewhere. Again,

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Speaker 2: you don't have any skin in the game in the

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Speaker 2: area that I live in Florida, it's tons of tons

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Speaker 2: of condos, and a lot of the condo owners rent

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Speaker 2: out their condos because it's been just the license to

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Speaker 2: print money because the underlying value of the condos until

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Speaker 2: recently had been going up. Everybody wants to live in

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Speaker 2: South Florida, so they're able to charge huge rent so

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Speaker 2: they're making way more than their mortgage payments and all

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Speaker 2: the properties that they've bought and so on they bought in.

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Speaker 2: One of the big controversies though, is over whether or

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Speaker 2: not the buildings should allow the airbnbs and the other

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Speaker 2: short term rentals. Many of the buildings do not do it,

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Speaker 2: can write in the bylaws they don't allow the owners

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Speaker 2: to do short term rentals. Others do it because in

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Speaker 2: the very short term you can make a killing. I

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Speaker 2: take a look at what some people pay to spend

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Speaker 2: a weekend and fluid in an airbnb in it's as

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Speaker 2: much as like hotel rooms, but it's not in the

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Speaker 2: long term interest of everybody else who lives in the building.

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Speaker 2: It's the same as a neighborhood. How you like to

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Speaker 2: live next to somebody who airbnb their house out three

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Speaker 2: hundred and sixty five days a year, stating the obvious.

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Speaker 2: Somebody that's on a six day short term rental doesn't

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Speaker 2: give a crap about the condition of the place they're standing.

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Speaker 2: They beat it all up. What do they care. We're

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Speaker 2: becoming an airbnb society where nobody has laid their teeth

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Speaker 2: into anything. Paul's now in the rental locker business, this

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Speaker 2: storage business. Obviously, some people need to pay for storage.

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Speaker 2: Where's the money in the storage? Owning the ownit, not

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Speaker 2: reading it. It's the same for almost anything. So the

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Speaker 2: point that Charlie Kirk was making in this warning that

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Speaker 2: seems to be prophetic. If you want to have people

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Speaker 2: embrace capitalism and oppose self destructive policies like Marxism, which

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Speaker 2: leads to anarchy, they have to own stuff. And let's

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Speaker 2: go to the anarchy. By the way. The street takeovers

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Speaker 2: that we saw in Milwaukee this past summer, and that

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Speaker 2: occur all the time in Seattle and Portland, there were

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Speaker 2: several in New York City over the weekend. Fifty sixty

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Speaker 2: seventy cars come into a street that people have to

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Speaker 2: heighten their homes to terrify, and the police departments have

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Speaker 2: no ability to knock it down because they don't have

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Speaker 2: the fire power or the weaponry to deal with two

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Speaker 2: hundred people who have guns going crazy. Who's the most

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Speaker 2: bothered by this? Somebody who owns a home in that

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Speaker 2: block of New York. If you're a renter, okay, fine,

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Speaker 2: this is going I lay. If you're a renter, do

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Speaker 2: you care if people are burning your city down? Get

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Speaker 2: the flexibility. I you are on the place. You've got

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Speaker 2: what skin in the game now. I think what happened

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Speaker 2: with the millennials is as a group, and again we're generalizing.

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Speaker 2: There's always exceptions, but what happened with the millennials as

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Speaker 2: a group, their path into adulthood was delayed. I contend

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Speaker 2: by baby boomer parents. Many of them were living at

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Speaker 2: home when they were twenty seven years old. They call

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Speaker 2: mom and dad if they're pulled over by a cop.

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Speaker 2: I see some signs that there's a greater interest in

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Speaker 2: home ownership and property ownership and ownership of anything by

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Speaker 2: the gen zs. Not all of them, but for a

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Speaker 2: lot of these millennials. They didn't want to be tied down.

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Speaker 2: They didn't want responsibility. Well, that's the downside of owning something.

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Speaker 2: You have to be responsible for it. You don't want

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Speaker 2: to let it go to hell. But over the long term,

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Speaker 2: if you don't own anything, unless you're setting aside and

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Speaker 2: saving money, elsewise, you're crushed in an economy in which

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Speaker 2: things become more expensive. So you then bite onto policies

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Speaker 2: that will never ever work because you're looking for a

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Speaker 2: short term fix out of the mess that you're in.

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Speaker 2: What happens, of course, when you impose Marxism, which makes

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Speaker 2: includes price controls and make things free, is nobody has

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Speaker 2: an incentive to produce anything because there's price controls on them.

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Speaker 2: You can't make enough money by making that thing. This

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Speaker 2: seems to be what's going on with beef in America

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Speaker 2: so far as I can tell, and there isn't enough

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Speaker 2: of anything. And you up with the potato lines in Moscow.

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Speaker 2: I always bring up the potato lines in Moscow because

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Speaker 2: everybody saw those pictures of the potatoes. You'd see these

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Speaker 2: Russian women standing in line for seven hours to get

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Speaker 2: one potato, beaten down by the weather, haggard and as

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Speaker 2: ugly looking as you can be. Then we saw all

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Speaker 2: these Russian women who came to the United States when

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Speaker 2: they were in the twenties, after the Berlin after, you know,

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Speaker 2: the Soviet Union fell. They're all beautiful. So what we

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Speaker 2: learned is Russian women when they're young are rather beautiful.

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Speaker 2: But all the ones by the time there were fifty

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Speaker 2: when living under communism, looked like they were one hundred

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Speaker 2: and fifty years old. That's what shortages. It's what a

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Speaker 2: totally an economy that is always in a malaise due

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Speaker 2: to people. It doesn't work, Which brings me now to

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Speaker 2: where do you think we're going? You should know you

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Speaker 2: photo copied my material. You didn't do anything I was

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Speaker 2: Some of this has been stockpiled. It brings us to

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Speaker 2: South America. South America is thirty five years ahead of

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Speaker 2: us in the United States. What do I mean by that?

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Speaker 2: Thirty five years ago most of South America embraced Marxism

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Speaker 2: and socialism, and broadly speaking fifteen to thirty five years.

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Speaker 2: But Venezuela, Cuba, of course, started in the Caribbean, a

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Speaker 2: couple of the countries in Central America, Nicaragua back in

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Speaker 2: the eighties. Then the revolution in Venezuela. Brazil's now a mess.

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Speaker 2: Chile's gone back and forth. They embraced socialism and it's

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Speaker 2: been a disaster. The first country to turn was Argentina.

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Speaker 2: In its presidential election two years ago. Argentina elected a

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Speaker 2: conservative government. The president is named Mili m I l Ei.

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Speaker 2: Controversial guy also has I'm guessing his hairpiece because it

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Speaker 2: just it looks pretty goofy. He however, won reelection. His

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Speaker 2: government got a ratification of approval from the Argentine voters.

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Speaker 2: There is now it's a big story again in the

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Speaker 2: Wall Street Journal Chile. The conservative political party made significant

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Speaker 2: advances in the most recent election, and the story deals

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Speaker 2: about the right word turn in South America. So as

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Speaker 2: North America, certainly Canada and now fearfully the United States

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Speaker 2: turns to the left toward Marxism, South America is going

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Speaker 2: in the other direction. Well, we know why it's been

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Speaker 2: a disaster down there. And the pattern in all of

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Speaker 2: these South American nations that went marxisty is after coming

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Speaker 2: into the front door, being democratically elected, they then strip

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Speaker 2: away democratic rights. There are no elections. You have what

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Speaker 2: you have in Venezuela, in which it's government via gunpoint.

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Speaker 2: People try to escape bety have gotten out. The rest

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Speaker 2: of the people are living in abject poverty. The drug

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Speaker 2: dealers are the only force in the economy that's producing anything,

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Speaker 2: so they have an extraordinary amount of power. All of

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Speaker 2: that happens. See socialism, Marxism does it work. So once

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Speaker 2: they're in place, they can't allow you to have elections

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Speaker 2: because nobody's going to vote to keep it because everything

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Speaker 2: has gone to hell. The closest we came prior to

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Speaker 2: this point was the Carter years in America. Carter wasn't

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Speaker 2: a socialist, but the Democrats in the nineteen seventies were very,

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Speaker 2: very liberal, and they wrecked the economy. Everything was bad.

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Speaker 2: You had high inflation, high unemployment, and high interest rates,

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Speaker 2: and people felt as though their country was going to hell.

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Speaker 2: And Reagan was elected to undo all of that. We

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Speaker 2: never got to the point that South America is at now.

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Speaker 2: The danger we're facing now is Jimmy Carter was a liberal,

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Speaker 2: was incompetent. These Marxists that are coming around now are radicals.

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Speaker 2: They're true believers. Carter would have said I'm not a Marxist.

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Speaker 2: They would have considered it a slur. Until very recently,

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Speaker 2: Democrats kept denying that they were socialists, but now they

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Speaker 2: openly brag of it and admit it. And as I say,

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Speaker 2: all of this is going on at a time in

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Speaker 2: which the percentage of Americans who are homeowners is lower

402
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Speaker 2: than ever, And one of the reasons it's lower than

403
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Speaker 2: ever is that the values of homes has gone up

404
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Speaker 2: over the years. Housing prices are very high, rental housing

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Speaker 2: prices are extremely high. So the people who owned all

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Speaker 2: of these things that got way more expensive, they benefited

407
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Speaker 2: because their thing is worth way more. But those that

408
00:26:52,840 --> 00:26:57,879
Speaker 2: were crowded out are hurt the most. Trump came up

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Speaker 2: with this idea, and I don't think it's a good one,

410
00:26:59,600 --> 00:27:01,440
Speaker 2: but I under stan where he's coming from. The idea

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Speaker 2: of the fifty year mortgage. No, I don't think it's

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00:27:03,720 --> 00:27:05,720
Speaker 2: a good idea because I just think having that much debt,

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Speaker 2: But I know why he's thinking of this. He's trying

414
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Speaker 2: to come up with a way to make housing affordable.

415
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Speaker 2: If you lower somebody's payment by stretching it over fifty years,

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Speaker 2: they're likely to buy. I know that the following points

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Speaker 2: sound stupid some of you out there, Oh, your points

418
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Speaker 2: sound stupid because this isn't really skin in the game,

419
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Speaker 2: But it works for me. I think one of the

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Speaker 2: reasons I won't say the only but I do think

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Speaker 2: the biggest the biggest reason that the Packers were able

422
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Speaker 2: to survive in Green Bay. There's nothing like this. There's

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Speaker 2: no other city of the size of green Bay that

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Speaker 2: has a pro football team, or for that matter, a

425
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Speaker 2: baseball or basketball team. Some of the lesser sports is

426
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Speaker 2: a couple like that. Green Bay is what one hundred

427
00:27:56,920 --> 00:28:06,399
Speaker 2: and ten thousand. How the pack survive by having the

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00:28:06,480 --> 00:28:09,919
Speaker 2: team being owned. There are people who don't live in

429
00:28:09,920 --> 00:28:12,359
Speaker 2: Wisconsin to think the city of green Bay owns the team.

430
00:28:12,720 --> 00:28:15,399
Speaker 2: The team is owned by shareholders. Now it's an unusual

431
00:28:15,400 --> 00:28:17,480
Speaker 2: shareholder set up. As I said, the point's a little

432
00:28:17,520 --> 00:28:20,919
Speaker 2: stupid because the skin that a Packer shareholder has in

433
00:28:20,960 --> 00:28:25,000
Speaker 2: the game isn't real because if the Packers were ever sold,

434
00:28:25,040 --> 00:28:28,000
Speaker 2: you don't get anything and you can't even trade your stock.

435
00:28:30,040 --> 00:28:35,520
Speaker 2: But when you did put the money in, that skin

436
00:28:35,640 --> 00:28:39,760
Speaker 2: went into the game. There is the concept of pride

437
00:28:39,760 --> 00:28:45,800
Speaker 2: of ownership. The Packers would have left long ago if

438
00:28:45,800 --> 00:28:48,320
Speaker 2: they hadn't come up with this financially viable model. That

439
00:28:48,440 --> 00:28:52,200
Speaker 2: it is a financially viable model. Get the people who

440
00:28:52,360 --> 00:28:55,240
Speaker 2: like your team to keep putting in enough money that

441
00:28:55,320 --> 00:28:59,240
Speaker 2: you've got a going business. You don't need a billionaire

442
00:28:59,280 --> 00:29:01,560
Speaker 2: owner because you tens of millions of dollars that were

443
00:29:01,560 --> 00:29:08,560
Speaker 2: invested in by these shareholders all over the years. The

444
00:29:08,600 --> 00:29:11,440
Speaker 2: people who own the stock of the packers. Again, it's

445
00:29:11,520 --> 00:29:15,800
Speaker 2: limited skin in the game. It's not like say, if

446
00:29:15,880 --> 00:29:18,400
Speaker 2: I own a few shares of Microsoft, I actually own

447
00:29:18,480 --> 00:29:20,800
Speaker 2: something that I can sell, and where Microsoft goes up

448
00:29:20,800 --> 00:29:22,720
Speaker 2: in value, I can show a profit. It's not as

449
00:29:22,760 --> 00:29:26,720
Speaker 2: good as that. But by and large, when you have

450
00:29:26,760 --> 00:29:30,200
Speaker 2: a vested interest in doing well when the country does well,

451
00:29:32,640 --> 00:29:35,040
Speaker 2: you're and I think this is stating the obvious, you're

452
00:29:35,160 --> 00:29:40,040
Speaker 2: likely to be vested in capitalism and freedom than somebody

453
00:29:40,040 --> 00:29:42,760
Speaker 2: who has nothing to show up for their life. You've

454
00:29:42,760 --> 00:29:45,800
Speaker 2: got all of these highly educated people with these semi

455
00:29:45,880 --> 00:29:49,360
Speaker 2: worthless college degrees, feeling as though they're all under employed.

456
00:29:49,360 --> 00:29:51,040
Speaker 2: But they all want to live the good life, and

457
00:29:51,760 --> 00:29:55,000
Speaker 2: they tend to live in the big cities, the worst

458
00:29:55,000 --> 00:30:00,360
Speaker 2: place that they should live. It's really extended. It's even

459
00:30:00,440 --> 00:30:12,400
Speaker 2: those big cities, particularly cities like New York. One of

460
00:30:12,400 --> 00:30:15,720
Speaker 2: the things that hasn't worked is to tell the lefties

461
00:30:15,720 --> 00:30:18,040
Speaker 2: that are embracing Marxism, look around at all the other

462
00:30:18,080 --> 00:30:19,760
Speaker 2: places that have gone Marxist. Do you want to live

463
00:30:19,800 --> 00:30:22,600
Speaker 2: like that. It so far has not worked. I do

464
00:30:22,680 --> 00:30:27,800
Speaker 2: believe that it can work in national elections where many

465
00:30:27,800 --> 00:30:31,160
Speaker 2: people don't live in those cities. Telling somebody in New

466
00:30:31,200 --> 00:30:33,240
Speaker 2: York do you want it to be like Seattle didn't

467
00:30:33,240 --> 00:30:39,640
Speaker 2: work on them, But I think that that certainly works

468
00:30:39,640 --> 00:30:42,000
Speaker 2: on somebody sitting there in Germantown that they don't want

469
00:30:42,120 --> 00:30:46,800
Speaker 2: their country to be like Seattle in New York. So

470
00:30:46,840 --> 00:30:49,600
Speaker 2: the Democrats will face a problem if they run a

471
00:30:49,640 --> 00:30:54,200
Speaker 2: Marxist candidate for president, and their next candidate for president

472
00:30:54,240 --> 00:30:56,720
Speaker 2: may well be a Marxist, because that's where all the

473
00:30:56,760 --> 00:31:00,960
Speaker 2: momentum in the party is, and that will do really,

474
00:31:01,000 --> 00:31:02,880
Speaker 2: really well, But only in all of the places that

475
00:31:02,960 --> 00:31:14,160
Speaker 2: already everybody votes for the Democrats. Anyway. The Charlie Kirk argument, though,

476
00:31:15,600 --> 00:31:19,040
Speaker 2: again so prophetic, and he saw this coming again. His

477
00:31:19,120 --> 00:31:21,560
Speaker 2: comment was only a few months ago before them ninety one,

478
00:31:21,640 --> 00:31:26,800
Speaker 2: but he tied the embrace of Marxism to be end.

479
00:31:26,840 --> 00:31:29,080
Speaker 2: You know, one of Charlie had all these messages, one

480
00:31:29,080 --> 00:31:31,680
Speaker 2: of them go to church, another one young people get

481
00:31:31,720 --> 00:31:34,520
Speaker 2: married early in life, have children, And he kept saying

482
00:31:34,520 --> 00:31:36,080
Speaker 2: by a home, by a home, by a home, by

483
00:31:36,080 --> 00:31:38,600
Speaker 2: a home. This is a guy who what didn't graduate

484
00:31:38,600 --> 00:31:42,240
Speaker 2: from college. He thought college was semi worthless given what

485
00:31:42,280 --> 00:31:45,640
Speaker 2: it was that they were teaching. His message was resonating

486
00:31:45,680 --> 00:31:49,000
Speaker 2: with the younger people who listened to him, but it

487
00:31:49,040 --> 00:31:52,200
Speaker 2: was also largely into reaction to many of the mistakes

488
00:31:52,200 --> 00:32:00,000
Speaker 2: that those in the millennial generation made. It's certainly possible,

489
00:32:00,040 --> 00:32:01,880
Speaker 2: well that you could buy, you know, start a business.

490
00:32:01,920 --> 00:32:04,640
Speaker 2: You can go under you lose all your money. You

491
00:32:04,680 --> 00:32:06,640
Speaker 2: could also buy a home in the wrong neighborhood or

492
00:32:06,640 --> 00:32:08,680
Speaker 2: buy at the wrong time at the peak of a market,

493
00:32:08,680 --> 00:32:12,440
Speaker 2: and lose a fair amount of money. But over the

494
00:32:12,480 --> 00:32:16,440
Speaker 2: long haul, I would say ninety eight percent of the

495
00:32:16,440 --> 00:32:20,280
Speaker 2: people in America who bought a home made money in

496
00:32:20,360 --> 00:32:22,440
Speaker 2: the deal over the long haul. I don't mean one

497
00:32:22,440 --> 00:32:24,280
Speaker 2: to two years over the long haul, because now for

498
00:32:24,360 --> 00:32:27,080
Speaker 2: the long haul, well, look at houses where when when

499
00:32:27,160 --> 00:32:30,880
Speaker 2: I was a kid, I remember, I think I know what.

500
00:32:31,960 --> 00:32:35,040
Speaker 2: We moved from the shack across the river to the

501
00:32:35,440 --> 00:32:40,400
Speaker 2: suburbs of Kokana when it's not like closer to the

502
00:32:40,440 --> 00:32:43,760
Speaker 2: inner city. All those cities up there just have expanded

503
00:32:43,760 --> 00:32:48,040
Speaker 2: and expanded and expanded and expanded. It's like a ranch.

504
00:32:50,560 --> 00:32:54,800
Speaker 2: It was very, very hard to lose money. So why

505
00:32:54,800 --> 00:32:56,720
Speaker 2: do you think so many millennials didn't do it? As

506
00:32:56,800 --> 00:32:58,560
Speaker 2: I say, I just think that many of them wanted

507
00:32:58,600 --> 00:33:00,720
Speaker 2: to keep They didn't want to do they we wanted

508
00:33:00,720 --> 00:33:03,440
Speaker 2: to stay home. They wanted to have their freedom. They're

509
00:33:03,600 --> 00:33:07,400
Speaker 2: moving to adulthood was just way different than the generations

510
00:33:07,440 --> 00:33:11,320
Speaker 2: earlier than them. My generations move into adulthood was the

511
00:33:11,360 --> 00:33:14,600
Speaker 2: age of eighteen, and everybody got out of the house.

512
00:33:15,680 --> 00:33:17,600
Speaker 2: And the generation a little bit earlier than of those

513
00:33:17,640 --> 00:33:19,440
Speaker 2: that didn't go to college were all sent to Vietnam.

514
00:33:19,480 --> 00:33:23,560
Speaker 2: You were an adult right away. And the World War

515
00:33:23,640 --> 00:33:25,680
Speaker 2: two generation the same thing. They all came back and

516
00:33:25,720 --> 00:33:28,720
Speaker 2: they want to own a house. The people in the

517
00:33:28,760 --> 00:33:30,720
Speaker 2: World War two generation didn't own a house. There was

518
00:33:30,760 --> 00:33:31,880
Speaker 2: a term for them. Do you know what it was?

519
00:33:33,800 --> 00:33:40,320
Speaker 2: Loser bums. That's bums. I mean when I was a kid,

520
00:33:40,320 --> 00:33:43,120
Speaker 2: there were hardly any homes that were rental. They were all,

521
00:33:43,560 --> 00:33:45,760
Speaker 2: even the shacky ones, they were owned by the people

522
00:33:45,760 --> 00:33:50,680
Speaker 2: who lived in them. And again skin in the game,

523
00:33:51,200 --> 00:33:53,560
Speaker 2: suppose you want a little dumpy you know, I won't

524
00:33:53,560 --> 00:33:55,880
Speaker 2: even use the term very modest home in one of

525
00:33:55,920 --> 00:34:00,200
Speaker 2: our more affordable suburbs around here. You do not want

526
00:34:00,000 --> 00:34:02,120
Speaker 2: I have riots in your street. You don't want to

527
00:34:02,120 --> 00:34:03,520
Speaker 2: have murders. You don't want to have problems. You have

528
00:34:03,560 --> 00:34:06,000
Speaker 2: skin of the game. You live here and you own

529
00:34:06,040 --> 00:34:12,239
Speaker 2: your house. When you own nothing, when you have no

530
00:34:12,360 --> 00:34:14,400
Speaker 2: teeth at all in the United States of America, you

531
00:34:14,400 --> 00:34:16,400
Speaker 2: don't even have money in an IRA, that's lessen that.

532
00:34:16,400 --> 00:34:24,560
Speaker 2: When you own nothing, you're an open target for people

533
00:34:24,600 --> 00:34:27,120
Speaker 2: who push greed. Look at all these other people. They're

534
00:34:27,120 --> 00:34:29,959
Speaker 2: making all this money and you're not. Well, it's true,

535
00:34:30,080 --> 00:34:31,920
Speaker 2: they are making all this money and you're not. All

536
00:34:31,960 --> 00:34:34,520
Speaker 2: your money is going to the rent you're paying for

537
00:34:34,600 --> 00:34:36,600
Speaker 2: the place that you can't afford to live in because

538
00:34:36,640 --> 00:34:38,200
Speaker 2: you want to be in New Yorker. You want to

539
00:34:38,200 --> 00:34:40,640
Speaker 2: be here, or you want to be in this high

540
00:34:40,680 --> 00:34:45,920
Speaker 2: falutant place. The answer isn't to embrace Marxism. The answer

541
00:34:45,920 --> 00:34:47,560
Speaker 2: perhaps is that you would all of the other people

542
00:34:47,560 --> 00:34:51,040
Speaker 2: who are actually making money are doing. But when you're

543
00:34:51,080 --> 00:34:54,840
Speaker 2: forty four now you feel you're so far behind the

544
00:34:54,880 --> 00:34:57,160
Speaker 2: eight ball you can't ever catch up. So some Marxist

545
00:34:57,200 --> 00:35:00,320
Speaker 2: comes around in sells you a bill of goods, and

546
00:35:00,360 --> 00:35:02,160
Speaker 2: you're gonna fall for it, the same way that people

547
00:35:02,200 --> 00:35:06,719
Speaker 2: that Cuba fell for Castro the same way that the

548
00:35:06,800 --> 00:35:10,759
Speaker 2: Russians fell for lenin the same way that the nicer

549
00:35:10,840 --> 00:35:14,040
Speaker 2: Rogmans fell for Ortega. And I better stop these examples

550
00:35:14,080 --> 00:35:19,520
Speaker 2: because they'll run out of communists too. Uh well, that's

551
00:35:19,880 --> 00:35:27,879
Speaker 2: that's my point. That's my point. Belling's rule. The more

552
00:35:27,960 --> 00:35:31,279
Speaker 2: screwed up the city is, the more radical the mayor is.

553
00:35:31,880 --> 00:35:34,440
Speaker 2: I mean, it just holds. New York right now is

554
00:35:34,520 --> 00:35:37,239
Speaker 2: not as bad off as Chicago, but it will be,

555
00:35:38,239 --> 00:35:40,759
Speaker 2: that'll be, and that'll be the question is Brandon is

556
00:35:40,840 --> 00:35:43,560
Speaker 2: Johnson the mayor of Chicago, more radical than I'm Nadi?

557
00:35:44,320 --> 00:35:46,000
Speaker 2: They'll make a battle to the left and you'll be

558
00:35:46,040 --> 00:35:47,719
Speaker 2: able to measure it in the murder rate. And how

559
00:35:47,800 --> 00:35:50,200
Speaker 2: much the business is falling apart and business is leaving

560
00:35:50,320 --> 00:35:54,120
Speaker 2: end the economic decay. Times Square returning to what it

561
00:35:54,200 --> 00:35:57,200
Speaker 2: was in nineteen seventy nine, is opposed to the family friendly,

562
00:35:57,320 --> 00:36:02,239
Speaker 2: tourist mecca that it is now. And then ultimately the

563
00:36:02,239 --> 00:36:07,919
Speaker 2: Potato Line. You remember those pictures of the Russian women

564
00:36:08,480 --> 00:36:12,440
Speaker 2: standing in the Potato line and bad, everything's fallen, and

565
00:36:12,480 --> 00:36:15,399
Speaker 2: they none of them met anybody, but boy, it ended

566
00:36:15,440 --> 00:36:17,880
Speaker 2: the whole politics of envy because they couldn't be jealous

567
00:36:17,880 --> 00:36:20,000
Speaker 2: of the rich because nobody was just the only people

568
00:36:20,040 --> 00:36:24,000
Speaker 2: that were rich were the people that ran the country. Oh,

569
00:36:24,120 --> 00:36:27,800
Speaker 2: they have a great ability to make themselves rich. So

570
00:36:27,920 --> 00:36:31,680
Speaker 2: you get these billionaires, third generation foreign billionaires like Mamdani

571
00:36:31,719 --> 00:36:34,440
Speaker 2: that weren't raised in this country that come from and

572
00:36:34,560 --> 00:36:38,719
Speaker 2: hate America. Oh, they'll take care of themselves, and they'll

573
00:36:38,760 --> 00:36:41,920
Speaker 2: handle government jobs and government contracts, and all of the

574
00:36:41,960 --> 00:36:43,480
Speaker 2: stuff that's going to be free is going to be

575
00:36:43,520 --> 00:36:46,160
Speaker 2: provided by people that areround the doal of the government.

576
00:36:47,920 --> 00:36:52,360
Speaker 2: That part all works. You're listening to the Mark Belling podcast.

577
00:36:56,400 --> 00:37:00,600
Speaker 2: Now here's the next part of this. One of the

578
00:37:00,640 --> 00:37:04,280
Speaker 2: big problems that we face in this country are people

579
00:37:04,280 --> 00:37:08,560
Speaker 2: who are stupid but think they're smart. I mean, that's

580
00:37:08,600 --> 00:37:12,280
Speaker 2: just generally a problem in life. I've said this many times.

581
00:37:12,520 --> 00:37:15,440
Speaker 2: Idiots generally are not dangerous. There's not much harm they

582
00:37:15,440 --> 00:37:18,000
Speaker 2: can do because most idiots know they're idiots. If you're

583
00:37:18,000 --> 00:37:20,680
Speaker 2: somebody who's not very smart, that you're very very cautious

584
00:37:20,680 --> 00:37:22,720
Speaker 2: and you try very hard not to make a mistake

585
00:37:23,040 --> 00:37:26,360
Speaker 2: and you ask for help all the time. It's the

586
00:37:26,400 --> 00:37:29,120
Speaker 2: people who think they know something but don't are very,

587
00:37:29,200 --> 00:37:34,000
Speaker 2: very dangerous. Jason Riley Collum of the Wall Street Journal.

588
00:37:34,760 --> 00:37:36,759
Speaker 2: We all know about the great inflation that's gone on

589
00:37:36,760 --> 00:37:42,240
Speaker 2: at the big universities. This one is about Harvard twenty

590
00:37:42,280 --> 00:37:44,359
Speaker 2: four to twenty five. In other words, the academic year

591
00:37:44,400 --> 00:37:54,720
Speaker 2: that ended this past May, the percentage of a's courses,

592
00:37:55,080 --> 00:38:00,360
Speaker 2: the percentage of grades in courses at Harvard that were a's,

593
00:38:01,520 --> 00:38:06,239
Speaker 2: sixty sixty percent of the grades and all of the

594
00:38:06,360 --> 00:38:11,440
Speaker 2: courses were a's. Well, it's no wonder they all think

595
00:38:11,480 --> 00:38:13,839
Speaker 2: they're smart, and no wonder they all graduate and they find,

596
00:38:13,840 --> 00:38:15,879
Speaker 2: in their shock, they can't find a job. They out

597
00:38:15,920 --> 00:38:20,120
Speaker 2: only are at Harvard. They're getting all a's. The column

598
00:38:20,160 --> 00:38:24,640
Speaker 2: actually tracks how fast this number has gone through the moon.

599
00:38:26,920 --> 00:38:28,880
Speaker 2: Let me read his column. It's well written, he writes.

600
00:38:29,080 --> 00:38:31,480
Speaker 2: You can always tell a Harvard man, the old saying goes,

601
00:38:31,840 --> 00:38:35,480
Speaker 2: but you can't tell him much. That includes, apparently, that

602
00:38:35,560 --> 00:38:37,840
Speaker 2: he may not be as smart as his grades suggest.

603
00:38:38,280 --> 00:38:41,640
Speaker 2: A recent internal Harvard report found that more than sixty

604
00:38:41,680 --> 00:38:44,799
Speaker 2: percent of grades given to undergraduates in the twenty four

605
00:38:44,800 --> 00:38:48,600
Speaker 2: to twenty five academic year were a's. Up from and

606
00:38:48,640 --> 00:38:51,360
Speaker 2: then they go to two decades ago. This just blows

607
00:38:51,360 --> 00:38:54,200
Speaker 2: your way. Two decades ago would be let's see no.

608
00:38:55,360 --> 00:38:58,000
Speaker 2: Two thousand and five. We're not even talking the seventies.

609
00:38:58,000 --> 00:39:01,640
Speaker 2: Of the eighties, it was twenty four percent, then twenty

610
00:39:01,719 --> 00:39:05,279
Speaker 2: years ago twenty four percent. But one in four of

611
00:39:05,320 --> 00:39:08,320
Speaker 2: the grades at Harvard were a's. Now it's three and five.

612
00:39:10,600 --> 00:39:13,560
Speaker 2: That's not gradual. That's an incredible spike, to the point

613
00:39:13,560 --> 00:39:19,440
Speaker 2: that I think it makes the grades meaningless. I have

614
00:39:19,480 --> 00:39:21,399
Speaker 2: a theorist the weather handing out all of these a's,

615
00:39:21,400 --> 00:39:25,240
Speaker 2: but we'll get to that in a moment. The median

616
00:39:25,320 --> 00:39:28,239
Speaker 2: grade point of graduation, which was three point twenty nine

617
00:39:28,280 --> 00:39:30,759
Speaker 2: and three point eight five, is now three point eight three.

618
00:39:31,280 --> 00:39:34,080
Speaker 2: That's the median. I remember when four point zero was

619
00:39:34,120 --> 00:39:37,480
Speaker 2: considered to be perfect. The median is now three point

620
00:39:37,480 --> 00:39:40,680
Speaker 2: eight three. That means that there's a whole lot that

621
00:39:40,719 --> 00:39:43,640
Speaker 2: are in this tight little range above three point eight three.

622
00:39:43,760 --> 00:39:50,840
Speaker 2: But the old Gurris and Kila line from with have

623
00:39:50,880 --> 00:39:53,080
Speaker 2: a prairie home companion that I quote all the time,

624
00:39:53,840 --> 00:39:59,760
Speaker 2: Lake Wobegon, where all of the children are above average.

625
00:40:00,080 --> 00:40:04,280
Speaker 2: It's possible that these outcomes stem from Harvard admitting smarter

626
00:40:04,360 --> 00:40:07,359
Speaker 2: and more diligent applicants. That's what some of the people

627
00:40:07,360 --> 00:40:09,319
Speaker 2: who have found all this say, well, Harvard's got really

628
00:40:09,360 --> 00:40:11,920
Speaker 2: really smart people. They're doing a work. How could we

629
00:40:12,040 --> 00:40:14,399
Speaker 2: help it? If everybody in the class is doing a work.

630
00:40:14,640 --> 00:40:18,200
Speaker 2: I can't give this kid a C just because I

631
00:40:18,280 --> 00:40:20,040
Speaker 2: have to give out a certain amount of c's. If

632
00:40:20,040 --> 00:40:21,839
Speaker 2: they all mastered the work, I have to give them

633
00:40:21,880 --> 00:40:25,200
Speaker 2: the a's. That's the argument that's always been made. My

634
00:40:25,360 --> 00:40:28,240
Speaker 2: retort to that is, maybe the course is too simple

635
00:40:28,840 --> 00:40:33,759
Speaker 2: if everybody's mastering it. Secondly, what's the point of the

636
00:40:33,800 --> 00:40:37,960
Speaker 2: A from the student who did excellent work if everybody

637
00:40:38,000 --> 00:40:44,120
Speaker 2: gets the A? Now, I believe one of the things

638
00:40:44,120 --> 00:40:47,160
Speaker 2: that drives this grotesque grade inflation. There's a lot of things.

639
00:40:47,480 --> 00:40:50,840
Speaker 2: You know, student evaluations have become very very important. The

640
00:40:50,880 --> 00:40:53,279
Speaker 2: students are likely to rank highly a professor who gave

641
00:40:53,280 --> 00:40:54,960
Speaker 2: an A than a professor who flunked them out of

642
00:40:55,000 --> 00:40:58,120
Speaker 2: a course. You also have the whole which college you're

643
00:40:58,120 --> 00:41:01,000
Speaker 2: going to go to. It's a very competitive thing. Harvard's

644
00:41:01,000 --> 00:41:02,719
Speaker 2: hard to get into, but if you know that if

645
00:41:02,760 --> 00:41:04,279
Speaker 2: you do make it in, you're gonna get a bunch

646
00:41:04,360 --> 00:41:06,759
Speaker 2: of a's, it may make you likelier to go there

647
00:41:06,800 --> 00:41:09,760
Speaker 2: than a college that the a's aren't given out like candy,

648
00:41:09,840 --> 00:41:11,680
Speaker 2: So they all feel the same pressure to hand out

649
00:41:11,680 --> 00:41:14,279
Speaker 2: the a's, And then there's the whole sense of liberalism

650
00:41:14,320 --> 00:41:18,239
Speaker 2: and entitlement in which people have the sense that they

651
00:41:18,320 --> 00:41:21,719
Speaker 2: deserve the AA or I'm a woman, I'm this, I'm that.

652
00:41:21,920 --> 00:41:23,520
Speaker 2: Why are you not giving me an A when this

653
00:41:23,600 --> 00:41:30,239
Speaker 2: white person over here got it. But this adds to

654
00:41:30,280 --> 00:41:34,759
Speaker 2: the issue that we were talking about earlier about all

655
00:41:34,760 --> 00:41:37,120
Speaker 2: of the people who feel this sense of going nowhere,

656
00:41:37,160 --> 00:41:39,000
Speaker 2: even though they have these degrees and they're living in

657
00:41:39,000 --> 00:41:41,480
Speaker 2: the big cities and so on. There are a whole

658
00:41:41,520 --> 00:41:43,839
Speaker 2: lot of people who think that they did extraordinarily well

659
00:41:43,880 --> 00:41:45,880
Speaker 2: in college and their elite, when in fact they just

660
00:41:45,920 --> 00:41:52,600
Speaker 2: did the same as everybody else that was in there. Now,

661
00:41:52,680 --> 00:41:59,279
Speaker 2: the one thing that's still hard is getting in. And

662
00:41:59,320 --> 00:42:00,799
Speaker 2: one of the things that makes it hard, and it

663
00:42:00,840 --> 00:42:02,560
Speaker 2: gets into a discussion that we had earlier in the

664
00:42:02,560 --> 00:42:06,799
Speaker 2: week with regard to the H one B visas. You've

665
00:42:06,800 --> 00:42:08,799
Speaker 2: got a lot of foreign students who come in and

666
00:42:10,760 --> 00:42:14,840
Speaker 2: often highly educated, it's easier to get in. That part

667
00:42:14,880 --> 00:42:17,680
Speaker 2: is still difficult. Harvard has not raised it's student bodied

668
00:42:17,719 --> 00:42:19,919
Speaker 2: two hundred and seventy five thousand. It's still a tough

669
00:42:19,960 --> 00:42:23,000
Speaker 2: institution to get into. And so is Stanford, and so

670
00:42:23,120 --> 00:42:26,959
Speaker 2: is Yale, and so is MIT. But once they're in there,

671
00:42:29,520 --> 00:42:36,040
Speaker 2: the a's are handed out, and the end result of

672
00:42:36,080 --> 00:42:41,000
Speaker 2: this is a sense of arrogance from the people that graduate,

673
00:42:41,760 --> 00:42:43,719
Speaker 2: in which they assume that life is going to be

674
00:42:43,800 --> 00:42:48,160
Speaker 2: easier for them than it turns out to be. Little

675
00:42:48,160 --> 00:42:51,200
Speaker 2: did they know that they're entering a job market where

676
00:42:51,200 --> 00:42:58,440
Speaker 2: everybody else in the field also has all of these a's.

677
00:43:01,080 --> 00:43:03,359
Speaker 2: I'm going to change the subject about as radically as

678
00:43:03,400 --> 00:43:06,680
Speaker 2: you could change a subject. Well, I mean, I can

679
00:43:06,719 --> 00:43:08,040
Speaker 2: go to a break, but we don't have a break

680
00:43:08,080 --> 00:43:09,640
Speaker 2: to take, so I'm just gonna change the subject. Do

681
00:43:09,640 --> 00:43:12,720
Speaker 2: you want me to change the subject. This is something

682
00:43:12,760 --> 00:43:19,960
Speaker 2: that surprises me. It was like three years ago that

683
00:43:20,000 --> 00:43:23,359
Speaker 2: they announced that they're gonna make a movie about thunder

684
00:43:23,400 --> 00:43:26,520
Speaker 2: and lightning. I mean, I admit when I heard that,

685
00:43:26,600 --> 00:43:28,960
Speaker 2: I just assumed it wouldn't be very good. Didn't you

686
00:43:29,000 --> 00:43:32,000
Speaker 2: assume that it wouldn't be very good? Yeah, I mean

687
00:43:32,040 --> 00:43:34,239
Speaker 2: I just thought it wouldn't be very good. First of all,

688
00:43:34,280 --> 00:43:36,359
Speaker 2: they make a zillion movies, and somebody said they'm gonna

689
00:43:36,360 --> 00:43:37,880
Speaker 2: make a movie. You don't know if it's like a

690
00:43:37,880 --> 00:43:40,600
Speaker 2: movie that's being done by an actual big movie studio

691
00:43:40,719 --> 00:43:43,680
Speaker 2: or is this like something that somebody's gonna post on YouTube.

692
00:43:43,719 --> 00:43:45,560
Speaker 2: It isn't gonna be it's done for a film class.

693
00:43:45,600 --> 00:43:52,680
Speaker 2: I don't know. Paul says, I should call them Lightning

694
00:43:52,680 --> 00:43:55,040
Speaker 2: and Thunder people. By the way, mix up who is

695
00:43:55,080 --> 00:43:58,080
Speaker 2: who you have straight? Who is who was Claire Thunder

696
00:43:58,160 --> 00:44:04,360
Speaker 2: or was she Lightning? That you don't that part you

697
00:44:04,400 --> 00:44:10,600
Speaker 2: don't know. Lightning and Thunder was a Neil Diamond tribute band.

698
00:44:10,600 --> 00:44:12,680
Speaker 2: It was a husband and wife a couple, Mike and

699
00:44:12,719 --> 00:44:18,080
Speaker 2: Claire Sordino, who became like huge celebrities in Milwaukee. Like

700
00:44:18,560 --> 00:44:21,040
Speaker 2: I talked about this a lot when I started doing

701
00:44:21,040 --> 00:44:22,680
Speaker 2: my show and I got to be really really famous,

702
00:44:22,680 --> 00:44:25,160
Speaker 2: and I mentioned the Milwaukee has hardly any celebrities. There

703
00:44:25,200 --> 00:44:27,600
Speaker 2: was like me, There was Bou Black, a couple of

704
00:44:27,600 --> 00:44:30,000
Speaker 2: people on TV. And the thing about all of our

705
00:44:30,040 --> 00:44:33,200
Speaker 2: celebrities is that we were known anywhere else. There were

706
00:44:33,239 --> 00:44:36,160
Speaker 2: a few people that were from Milwaukee, like say l Jiaux,

707
00:44:36,160 --> 00:44:38,279
Speaker 2: who were world famous who they went on because in

708
00:44:38,320 --> 00:44:40,839
Speaker 2: their field, But by and large, our famous people were

709
00:44:40,880 --> 00:44:45,799
Speaker 2: famous only in Milwaukee, and Lightning and Thunder were two

710
00:44:45,840 --> 00:44:50,080
Speaker 2: of them. So anyway, they were this Neil Diamond private

711
00:44:50,160 --> 00:44:52,120
Speaker 2: band and they just got really really hot at the

712
00:44:52,160 --> 00:44:56,040
Speaker 2: local clubs and they play Summerfest. And to this day,

713
00:44:56,120 --> 00:44:58,520
Speaker 2: I don't remember if I've ever talked to Claire. It

714
00:44:58,560 --> 00:45:00,640
Speaker 2: was zillions of years ago. But I did talk to

715
00:45:00,680 --> 00:45:05,439
Speaker 2: Mike and it was during one of the many health

716
00:45:05,480 --> 00:45:08,319
Speaker 2: struggles that they both had. I mean, the reason this

717
00:45:08,400 --> 00:45:11,440
Speaker 2: makes for a movie is it's hard to find two

718
00:45:11,520 --> 00:45:14,160
Speaker 2: people that had more bad things happened to them and

719
00:45:14,800 --> 00:45:17,520
Speaker 2: their life just became a what soap opera isn't even

720
00:45:17,560 --> 00:45:20,319
Speaker 2: the right word. It was a matter of dealing with adversity.

721
00:45:21,480 --> 00:45:24,240
Speaker 2: She lost her leg, there was a bad automobile accident.

722
00:45:24,320 --> 00:45:30,760
Speaker 2: Then he got cancer, and it's, I guess, the stuff

723
00:45:30,760 --> 00:45:32,760
Speaker 2: that movies are made of. And they got a couple

724
00:45:32,800 --> 00:45:35,080
Speaker 2: of I don't know. They always say a list. I

725
00:45:35,080 --> 00:45:36,680
Speaker 2: don't know if these are a list stars, but they're

726
00:45:36,680 --> 00:45:39,279
Speaker 2: close Hugh Jackman and Kate Hudson. Would you say, you

727
00:45:39,320 --> 00:45:41,480
Speaker 2: say that's a list or is that like a list?

728
00:45:41,800 --> 00:45:44,040
Speaker 2: I mean, when I think of a list, who's like

729
00:45:44,080 --> 00:45:46,280
Speaker 2: the biggest star of the world right now, who's really big,

730
00:45:47,560 --> 00:45:50,400
Speaker 2: like Brad Brad pitt is is he's now, He's is

731
00:45:50,400 --> 00:45:53,440
Speaker 2: he over the hill, Brad Pitt, he because he would be.

732
00:45:53,480 --> 00:45:55,799
Speaker 2: He would have been a list forever and ever. Yet,

733
00:45:56,040 --> 00:45:59,919
Speaker 2: So in other words, this isn't being done by nobody's Kate,

734
00:46:00,320 --> 00:46:02,800
Speaker 2: Kate Hudson's are pretty yeah, Kate, Tom Cruise would be.

735
00:46:03,000 --> 00:46:05,000
Speaker 2: Do you think Hugh Jackman's at the Tom Cruise level?

736
00:46:05,320 --> 00:46:08,839
Speaker 2: You think he is? Okay? Well, they made this movie

737
00:46:08,880 --> 00:46:12,000
Speaker 2: in because they're a Neil Diamond tribute banded Mike kind

738
00:46:12,000 --> 00:46:17,960
Speaker 2: of look like Neil Diamond, and she's in the band

739
00:46:17,960 --> 00:46:19,759
Speaker 2: and she's the partner, and they did Neil Diamond stuff

740
00:46:19,760 --> 00:46:21,399
Speaker 2: and they did other stuff and they made a movie

741
00:46:21,440 --> 00:46:24,239
Speaker 2: about them, and they got these two borderline A List

742
00:46:24,320 --> 00:46:27,920
Speaker 2: celebrities to do the movie. It has not been released, However,

743
00:46:28,040 --> 00:46:31,359
Speaker 2: the reviewers have seen it and the reviews that are

744
00:46:31,400 --> 00:46:34,960
Speaker 2: coming in are very very good. There's these aggregate services.

745
00:46:35,000 --> 00:46:37,160
Speaker 2: I think Rotten Tomatoes is one of them, and so on,

746
00:46:37,400 --> 00:46:39,399
Speaker 2: and like I said, the general public has not seen

747
00:46:39,440 --> 00:46:42,000
Speaker 2: it yet, but when the reviewers that have seen it

748
00:46:42,080 --> 00:46:45,400
Speaker 2: so far are giving it very, very very high marks.

749
00:46:47,560 --> 00:46:55,839
Speaker 2: The The movie is having its American premiere next week

750
00:46:55,880 --> 00:47:00,520
Speaker 2: in Milwaukee at the Oriental Theater. We are it's very

751
00:47:00,600 --> 00:47:02,919
Speaker 2: very amusing. Are they gonna put it? And now there

752
00:47:03,000 --> 00:47:05,560
Speaker 2: is actually a red carpet at the Oriental Theater, but

753
00:47:05,600 --> 00:47:07,719
Speaker 2: it's not a red carpet, if you know what I mean.

754
00:47:08,080 --> 00:47:10,040
Speaker 2: Are they gonna have like a red carpet and block

755
00:47:10,040 --> 00:47:12,160
Speaker 2: off the streets and they're gonna be people winding around

756
00:47:12,200 --> 00:47:14,759
Speaker 2: in tux sedes. We have glitterati like, are they gonna

757
00:47:14,760 --> 00:47:16,600
Speaker 2: bring Joan Rivers back from the dead and have her

758
00:47:16,640 --> 00:47:19,440
Speaker 2: stand at the thing and so on. One of the

759
00:47:19,440 --> 00:47:21,520
Speaker 2: reasons I suspect now is I just think that you

760
00:47:21,680 --> 00:47:24,920
Speaker 2: just can't move the Oriental Theater upscale. Secondly, Kate Hudson's

761
00:47:24,920 --> 00:47:30,480
Speaker 2: not coming, but Hugh jack But is, and the director

762
00:47:30,480 --> 00:47:35,560
Speaker 2: of the film, Morgan Brewer is excuse me, Craig Brewer

763
00:47:35,640 --> 00:47:38,360
Speaker 2: is also going to be here, and that will be

764
00:47:38,440 --> 00:47:40,960
Speaker 2: the American premiere. They actually had one, and I think

765
00:47:40,960 --> 00:47:43,480
Speaker 2: in London that they all went to about a week

766
00:47:43,520 --> 00:47:46,719
Speaker 2: and a half ago. The movie itself is released nationwide,

767
00:47:46,719 --> 00:47:50,080
Speaker 2: and this is important on Christmas Day. The Christmas Day

768
00:47:50,160 --> 00:47:52,359
Speaker 2: movies the studios released, these are the ones they think

769
00:47:52,360 --> 00:47:54,759
Speaker 2: are gonna be huge because that period between Christmas and

770
00:47:54,800 --> 00:47:57,680
Speaker 2: New Year's is the busiest week of the year. For movies.

771
00:47:57,719 --> 00:47:59,680
Speaker 2: The other big time to release a movie is early

772
00:47:59,719 --> 00:48:02,399
Speaker 2: on the summer, like the summer Blockbuster. Kids are out

773
00:48:02,400 --> 00:48:05,200
Speaker 2: of school and so on. But that period around Christmas,

774
00:48:05,280 --> 00:48:07,080
Speaker 2: the movies that are released then are the ones that

775
00:48:07,640 --> 00:48:10,200
Speaker 2: really really huge. And this isn't a straight to Netflix

776
00:48:10,200 --> 00:48:12,480
Speaker 2: thing or anything like that. This will be in theaters

777
00:48:12,520 --> 00:48:17,600
Speaker 2: and I obviously haven't seen it, although I am going

778
00:48:17,640 --> 00:48:23,319
Speaker 2: to the I am going to this premiere, the premier event. Yeah,

779
00:48:23,360 --> 00:48:25,440
Speaker 2: it's well, everybody's coming on to this and it's all

780
00:48:25,440 --> 00:48:27,080
Speaker 2: part of the you know, to get publicity and they

781
00:48:27,080 --> 00:48:29,400
Speaker 2: want obviously they want everybody in Milwaukee to go. It's

782
00:48:29,440 --> 00:48:31,319
Speaker 2: a good way of jump starting then will be so

783
00:48:31,480 --> 00:48:34,000
Speaker 2: you know, Hugh j Ackman's going to Cops and this,

784
00:48:34,160 --> 00:48:37,440
Speaker 2: that and the other things. So they're having the premiere and.

785
00:48:38,960 --> 00:48:39,399
Speaker 1: It just.

786
00:48:41,239 --> 00:48:44,000
Speaker 2: I've talked about this a lot. When something happens in

787
00:48:44,040 --> 00:48:47,880
Speaker 2: Milwaukee that makes national lose, it's always a tad weird

788
00:48:47,960 --> 00:48:52,920
Speaker 2: isn't the right word, but unusual. A husband and wife

789
00:48:52,920 --> 00:48:56,799
Speaker 2: that do a Neil Diamond tribute act. That's not the

790
00:48:56,880 --> 00:48:59,839
Speaker 2: normal type of celebrity, but it's exactly what you would

791
00:48:59,840 --> 00:49:01,600
Speaker 2: think that would come out of Milwaukee and it kind

792
00:49:01,600 --> 00:49:03,960
Speaker 2: of becomes embraced by the community in the same way

793
00:49:04,000 --> 00:49:07,080
Speaker 2: Bob Yuker was the biggest sports celebrity that we ever had. Well,

794
00:49:07,120 --> 00:49:09,279
Speaker 2: he wasn't any good as a player. He became a

795
00:49:09,320 --> 00:49:11,680
Speaker 2: guy that was funny. It was like a Milwaukee kind

796
00:49:11,680 --> 00:49:15,880
Speaker 2: of thing. And yeah, I like I said, I don't

797
00:49:15,920 --> 00:49:17,399
Speaker 2: know if the movie is going to be any good,

798
00:49:17,400 --> 00:49:19,600
Speaker 2: but the reviewers say that it will be. The thing

799
00:49:19,600 --> 00:49:23,320
Speaker 2: I think that's tricky is, you know, almost all movies

800
00:49:23,400 --> 00:49:26,160
Speaker 2: like this, you see the rise to the top, which

801
00:49:26,200 --> 00:49:28,360
Speaker 2: is the good thing, and then you see all the

802
00:49:28,440 --> 00:49:31,400
Speaker 2: rock and vh one used to do documentaries about rock bands.

803
00:49:31,520 --> 00:49:34,040
Speaker 2: It was all the same thing, the rise to fame,

804
00:49:34,920 --> 00:49:39,840
Speaker 2: then the collapse and tragedy and then the resurrection. No,

805
00:49:40,080 --> 00:49:44,040
Speaker 2: I don't know how they make this the happy ending thing. Claire,

806
00:49:44,040 --> 00:49:47,440
Speaker 2: it's still alive and still performs, but shenew she had

807
00:49:47,480 --> 00:49:51,360
Speaker 2: obviously health issues, and yeah, she lost her leg and

808
00:49:52,120 --> 00:49:57,040
Speaker 2: Mike passed away. And how you tell the story without

809
00:49:57,360 --> 00:50:00,640
Speaker 2: the tragic part overwhelming the good part. But obviously they

810
00:50:02,000 --> 00:50:05,359
Speaker 2: they must know what they're doing. So the movie's got

811
00:50:05,360 --> 00:50:08,560
Speaker 2: a Christmas relief. It has its American premiere, and that

812
00:50:08,719 --> 00:50:11,759
Speaker 2: just means that's when you know, I don't know how

813
00:50:11,760 --> 00:50:13,640
Speaker 2: many seats the general public are going to be able

814
00:50:13,640 --> 00:50:16,400
Speaker 2: to get to for that, but they release the things

815
00:50:16,400 --> 00:50:18,239
Speaker 2: in dribs and drabs in the upper premiere, all in

816
00:50:18,280 --> 00:50:21,400
Speaker 2: an attempt to build publicity and so on. So hopefully

817
00:50:21,400 --> 00:50:26,160
Speaker 2: it'll be as good as the advanced notices would indicate.

818
00:50:26,239 --> 00:50:29,160
Speaker 2: I want to cover this story briefly. There's been a

819
00:50:29,160 --> 00:50:33,920
Speaker 2: lot of coverage of the collapse of the Neutral project.

820
00:50:35,760 --> 00:50:38,000
Speaker 2: Neutral is this company from Madison that said it was

821
00:50:38,040 --> 00:50:40,800
Speaker 2: going to build several high rises on Water Street in Milwaukee.

822
00:50:40,920 --> 00:50:45,000
Speaker 2: The first one has become a hole in the ground

823
00:50:45,000 --> 00:50:48,880
Speaker 2: that has become an embarrassment for the city. The developers

824
00:50:48,920 --> 00:50:51,560
Speaker 2: from Madison, the lead developers twenty seven years old. The

825
00:50:51,600 --> 00:50:54,720
Speaker 2: company's name is Neutral. He evidently ran out of money

826
00:50:55,719 --> 00:50:58,359
Speaker 2: and they had already started construction. They dug the hole

827
00:50:58,400 --> 00:51:00,120
Speaker 2: in the ground and there's a crane that costs a

828
00:51:00,160 --> 00:51:04,280
Speaker 2: lot of money. The contractor was CG. Schmidt. They stopped

829
00:51:04,280 --> 00:51:06,240
Speaker 2: doing work because they said they wanted to be paid.

830
00:51:06,800 --> 00:51:09,719
Speaker 2: Neutral didn't say much of anything. Now the cranes been

831
00:51:09,760 --> 00:51:14,200
Speaker 2: taken away and the project has failed. There are now indications,

832
00:51:14,200 --> 00:51:17,640
Speaker 2: according to the business journal that Neutral is facing problems

833
00:51:17,640 --> 00:51:20,400
Speaker 2: with a couple of its other projects. Well, let me

834
00:51:20,560 --> 00:51:25,919
Speaker 2: comment on this. First of all, even in a boom time,

835
00:51:26,120 --> 00:51:29,960
Speaker 2: this project didn't make any sense. I said when it

836
00:51:30,040 --> 00:51:33,000
Speaker 2: was announced that I thought that there was zero you'll

837
00:51:33,040 --> 00:51:36,480
Speaker 2: call me saying this zero chance of it happening, zero zero.

838
00:51:37,560 --> 00:51:39,759
Speaker 2: I talked to a developer that I didn't identify, and he

839
00:51:39,800 --> 00:51:43,360
Speaker 2: said that this proposal makes sense in Dubai, but nowhere

840
00:51:43,360 --> 00:51:46,759
Speaker 2: in the United States, and certainly not in Milwaukee. They

841
00:51:46,760 --> 00:51:48,799
Speaker 2: were going to do multiple high rises and take that

842
00:51:49,000 --> 00:51:51,239
Speaker 2: entire area near the market center for the performing arts

843
00:51:51,280 --> 00:51:53,920
Speaker 2: and turn it into this massive housing zone. And they

844
00:51:53,920 --> 00:51:55,680
Speaker 2: weren't going to be small units, they were going to

845
00:51:55,719 --> 00:51:58,640
Speaker 2: be high rises. In the first one, the Edison project

846
00:51:58,719 --> 00:52:00,920
Speaker 2: was the Edison was the first one to go up,

847
00:52:00,920 --> 00:52:03,319
Speaker 2: and it never got off the ground. All they have

848
00:52:03,520 --> 00:52:06,360
Speaker 2: is the whole the part of it is the City

849
00:52:06,400 --> 00:52:09,960
Speaker 2: of Milwaukee and Mayor Chevy and lafay at Crump, they

850
00:52:09,960 --> 00:52:12,920
Speaker 2: head of DCD. These are people who've never spent a

851
00:52:13,000 --> 00:52:14,920
Speaker 2: day in their life in the private sector, and they

852
00:52:14,960 --> 00:52:18,480
Speaker 2: never knew that this project was not doable, and that

853
00:52:18,719 --> 00:52:22,040
Speaker 2: they didn't realize that the developers didn't pass the smell test.

854
00:52:22,560 --> 00:52:25,600
Speaker 2: Some guys in their twenties do become superstar developers. There

855
00:52:25,600 --> 00:52:28,120
Speaker 2: are the Donald Trumps in the world, but these guys weren't.

856
00:52:28,160 --> 00:52:31,320
Speaker 2: But secondly, and this is my key, the biggest reason

857
00:52:31,360 --> 00:52:35,120
Speaker 2: this thing has stalled is because we have finally overbuilt

858
00:52:35,120 --> 00:52:39,359
Speaker 2: the downtown Milwaukee housing market. Now. I don't think they ever,

859
00:52:39,480 --> 00:52:41,920
Speaker 2: even the best of times, could have done five buildings,

860
00:52:41,920 --> 00:52:45,120
Speaker 2: but maybe the first one would have happened. Here's what's happening.

861
00:52:47,000 --> 00:52:51,000
Speaker 2: We have several high rises recently completed that are nowhere

862
00:52:51,080 --> 00:52:56,520
Speaker 2: near filled. The Couteur, which was delayed forever, finally built

863
00:52:56,520 --> 00:53:02,040
Speaker 2: and then opened now over a year ago, remains with

864
00:53:02,280 --> 00:53:05,280
Speaker 2: massive vacancies. If you go on their website, it lists

865
00:53:05,320 --> 00:53:07,760
Speaker 2: all of the apartments that are still available for rent.

866
00:53:08,160 --> 00:53:09,560
Speaker 2: It's a zillion of them now. A lot of them

867
00:53:09,560 --> 00:53:13,120
Speaker 2: with the good views toward the lake are gone, but

868
00:53:13,160 --> 00:53:16,560
Speaker 2: the vacancy rate is high. There's a facility on Van

869
00:53:16,600 --> 00:53:20,200
Speaker 2: Buren Street that's opened called Nova. It's got lots of

870
00:53:20,320 --> 00:53:25,040
Speaker 2: units available. Whether or not there's an economic component to

871
00:53:25,040 --> 00:53:28,799
Speaker 2: this or not, I don't know. I just think, like

872
00:53:28,920 --> 00:53:31,880
Speaker 2: anything else, you finally reach the point of critical mass.

873
00:53:32,640 --> 00:53:35,040
Speaker 2: We have all these housing units that over the last

874
00:53:35,040 --> 00:53:38,040
Speaker 2: thirty years have developed in the Third Ward of Milwaukee,

875
00:53:38,239 --> 00:53:40,480
Speaker 2: all the high rises that went up and downtown on

876
00:53:40,520 --> 00:53:43,839
Speaker 2: the Lower east Side, and because they were all successful

877
00:53:43,880 --> 00:53:46,680
Speaker 2: and all did well, more and more developers did them

878
00:53:46,800 --> 00:53:49,239
Speaker 2: until you run out of people to live in all

879
00:53:49,280 --> 00:53:52,480
Speaker 2: of these places. And the fact that you've got two

880
00:53:52,560 --> 00:53:56,240
Speaker 2: buildings that are nowhere near least I suspect what happened

881
00:53:56,280 --> 00:54:01,040
Speaker 2: is that developers of Neutral could not get financing from banks, lenders,

882
00:54:01,120 --> 00:54:03,640
Speaker 2: or investors to bank rule this because they saw the

883
00:54:03,640 --> 00:54:08,440
Speaker 2: two projects that are already finished appear not to be

884
00:54:08,480 --> 00:54:13,359
Speaker 2: going very well. What I think has happened is, at

885
00:54:13,440 --> 00:54:18,400
Speaker 2: least for the immediate period, the downtown Milwaukee housing boom

886
00:54:18,680 --> 00:54:21,239
Speaker 2: has finally. I'm not going to say there's any it's

887
00:54:21,360 --> 00:54:23,719
Speaker 2: just there's no more people to come in and rent

888
00:54:23,760 --> 00:54:26,560
Speaker 2: these places. If you keep building new units, it isn't

889
00:54:26,680 --> 00:54:28,640
Speaker 2: You can't fill up simply with somebody who lives in

890
00:54:28,680 --> 00:54:31,680
Speaker 2: one Downtown Milwaukee apartment to move to another, because you

891
00:54:31,760 --> 00:54:34,080
Speaker 2: need to need new people to justify all of the

892
00:54:34,120 --> 00:54:36,080
Speaker 2: new construction that you're doing with them. And I think

893
00:54:36,120 --> 00:54:42,040
Speaker 2: it finally maxed out from the perspective of Milwaukee. That's

894
00:54:42,080 --> 00:54:44,359
Speaker 2: the end of any kind of residential growth because there's

895
00:54:44,400 --> 00:54:46,920
Speaker 2: not any other part of the city that's had residential

896
00:54:46,920 --> 00:54:49,840
Speaker 2: growth at all. The only thing that's propped up the

897
00:54:49,880 --> 00:54:55,280
Speaker 2: south side has been illegal immigrants moving in the northwest side,

898
00:54:55,280 --> 00:54:57,800
Speaker 2: and portions of the inner city have become ghost towns.

899
00:54:58,560 --> 00:55:00,279
Speaker 2: But there's been this trend that you've seen in a

900
00:55:00,280 --> 00:55:02,640
Speaker 2: lot of places in the United States that started with

901
00:55:02,680 --> 00:55:06,000
Speaker 2: the millennials they have and then empty nester baby boomers

902
00:55:06,480 --> 00:55:09,600
Speaker 2: people living in downtowns. What's happened in some of those

903
00:55:09,600 --> 00:55:13,120
Speaker 2: cities is the cities have gone to hell San Francisco, Seattle,

904
00:55:13,280 --> 00:55:16,080
Speaker 2: Los Angeles, and people are moving out. We haven't had

905
00:55:16,120 --> 00:55:18,360
Speaker 2: the same component of going to hell in Milwaukee. I

906
00:55:18,360 --> 00:55:21,200
Speaker 2: think that this is more a case of it just

907
00:55:21,360 --> 00:55:27,320
Speaker 2: finally got overbuilt. I will be surprised if any major

908
00:55:27,440 --> 00:55:31,680
Speaker 2: new project that's primarily residential and I said major, I

909
00:55:31,719 --> 00:55:38,080
Speaker 2: don't mean fifteen twenty units major happens in the next

910
00:55:38,280 --> 00:55:41,720
Speaker 2: several years. So I think that this project here neutral

911
00:55:41,800 --> 00:55:43,799
Speaker 2: is the canary in the coalman A Milwaukee says it's

912
00:55:43,800 --> 00:55:45,839
Speaker 2: looking for a new developer. I don't know they're going

913
00:55:45,840 --> 00:55:47,239
Speaker 2: to find a developer I don't know anything's going to

914
00:55:47,280 --> 00:55:49,759
Speaker 2: happen there for quite some time. The first thing that

915
00:55:50,120 --> 00:55:52,759
Speaker 2: they can try to sue this developer, but you can't

916
00:55:52,760 --> 00:55:55,640
Speaker 2: get blood out of a turna van. If this company

917
00:55:55,719 --> 00:55:57,520
Speaker 2: was simply a guy who was in over his head

918
00:55:57,520 --> 00:55:59,680
Speaker 2: who eat a couple of projects in Madison, things were

919
00:55:59,719 --> 00:56:02,960
Speaker 2: going well, so we know things. He can create the

920
00:56:02,960 --> 00:56:06,440
Speaker 2: World Trade Center of Milwaukee here and did it after

921
00:56:06,719 --> 00:56:11,799
Speaker 2: all the money was there to be to be made.

922
00:56:13,160 --> 00:56:15,840
Speaker 2: Little story to cover here. There's a piece in the

923
00:56:15,880 --> 00:56:19,839
Speaker 2: Wall Street Journal on the takeover of CBS News by

924
00:56:19,840 --> 00:56:21,960
Speaker 2: Barry Weiss. For those of you who haven't been following

925
00:56:21,960 --> 00:56:24,960
Speaker 2: this closely, Barry Weiss was a reporter for the Wall

926
00:56:24,960 --> 00:56:28,240
Speaker 2: Street Journal in the New York Times. Left of center,

927
00:56:28,520 --> 00:56:32,080
Speaker 2: but she believed strongly in freedom of expression. And when

928
00:56:32,080 --> 00:56:33,719
Speaker 2: she was at the New York Times, she was the

929
00:56:33,760 --> 00:56:36,719
Speaker 2: op ed editor. She was the person in charge of

930
00:56:36,760 --> 00:56:40,160
Speaker 2: getting putting in columns that weren't written by columns for

931
00:56:40,200 --> 00:56:43,320
Speaker 2: the paper. And she printed it, and she greenlight greenlit

932
00:56:43,400 --> 00:56:46,680
Speaker 2: a column by senator from Arkansas might have been Cotton

933
00:56:47,440 --> 00:56:49,759
Speaker 2: that there was just an eternal objection to and there

934
00:56:49,800 --> 00:56:52,759
Speaker 2: was a huge falling out and the staff of The

935
00:56:52,760 --> 00:56:55,759
Speaker 2: New York Time. Couldn't Times, couldn't stand that any conservative

936
00:56:55,800 --> 00:56:59,040
Speaker 2: voice was in that paper at all. Since being forced

937
00:56:59,040 --> 00:57:00,880
Speaker 2: out of The New York Times, Berry Weiss is not

938
00:57:00,960 --> 00:57:04,800
Speaker 2: a podcast and other things in which she's drawn attention

939
00:57:04,920 --> 00:57:08,040
Speaker 2: to leftist media bias. She's becoming one of the queens

940
00:57:08,080 --> 00:57:13,880
Speaker 2: of the anti woke movement. CBS News was bought by Paramount.

941
00:57:14,120 --> 00:57:16,280
Speaker 2: Paramount was taken over by David Ellison, the son of

942
00:57:16,320 --> 00:57:20,160
Speaker 2: Larry Ellison of Oracle. David Ellison is not a leftist,

943
00:57:20,480 --> 00:57:22,960
Speaker 2: and he realizes that the only way to make CBS

944
00:57:22,960 --> 00:57:25,120
Speaker 2: News or any of these networks viable is to get

945
00:57:25,200 --> 00:57:29,120
Speaker 2: rid of the leftist bias. CBS News has some things

946
00:57:29,200 --> 00:57:31,360
Speaker 2: going for it, sixty Minutes and a few other brands

947
00:57:31,400 --> 00:57:34,240
Speaker 2: that have some value, but it and all of the

948
00:57:34,280 --> 00:57:38,200
Speaker 2: other networks have been killing themselves by being so overtly biased.

949
00:57:38,560 --> 00:57:41,000
Speaker 2: So Berry Weiss was brought in with a mission of

950
00:57:41,040 --> 00:57:45,400
Speaker 2: fixing this. Now I've said, I think it's very hard

951
00:57:45,440 --> 00:57:49,200
Speaker 2: to fix the mainstream media. The problem with the mainstream

952
00:57:49,200 --> 00:57:51,800
Speaker 2: media is the people who work in the mainstream media.

953
00:57:51,880 --> 00:57:54,400
Speaker 2: To simply tell them not to be biased, it's as

954
00:57:54,440 --> 00:57:56,600
Speaker 2: hard as telling somebody who eats too much. To stop

955
00:57:56,600 --> 00:58:00,200
Speaker 2: eating too much. It's like telling somebody hooked unfeded all

956
00:58:00,200 --> 00:58:02,480
Speaker 2: to stop using fentanyl. Should I come up with more examples?

957
00:58:02,560 --> 00:58:05,520
Speaker 2: Or as the point already clear? Well, she's in there,

958
00:58:06,120 --> 00:58:09,680
Speaker 2: and according to the story on the Wall Street Journal,

959
00:58:10,760 --> 00:58:14,000
Speaker 2: she told her colleagues that quote, I want to blow

960
00:58:14,280 --> 00:58:18,480
Speaker 2: this place up. Now, this will be interesting to watch.

961
00:58:18,560 --> 00:58:22,320
Speaker 2: Can you take something as leftist as CBS News and

962
00:58:22,440 --> 00:58:27,880
Speaker 2: remake it into a viable, fair and balanced news organization? Now?

963
00:58:27,920 --> 00:58:30,840
Speaker 2: If they can, I think they'll be successful. Whether or

964
00:58:30,840 --> 00:58:32,640
Speaker 2: not she can succeed in doing it or not is

965
00:58:32,640 --> 00:58:35,280
Speaker 2: another question. Let me quote from the Wall Street Journal

966
00:58:35,320 --> 00:58:38,680
Speaker 2: piece for a sense of Barry Weiss's approach to leading

967
00:58:38,680 --> 00:58:40,920
Speaker 2: CBS News in her first weeks on the job. Consider

968
00:58:40,960 --> 00:58:42,960
Speaker 2: a phrase the new editor in chief has used at

969
00:58:43,000 --> 00:58:45,720
Speaker 2: are as a rallying cry in meetings with colleagues. I

970
00:58:45,760 --> 00:58:48,640
Speaker 2: want to blow this place up. Wis the former New

971
00:58:48,720 --> 00:58:51,440
Speaker 2: York Times. I want to correct that, I want to

972
00:58:51,480 --> 00:58:54,160
Speaker 2: blow this up. She didn't say place blow this up?

973
00:58:54,480 --> 00:58:57,800
Speaker 2: Weis The former New York Times columnst turned anti woke crusader,

974
00:58:57,840 --> 00:59:01,800
Speaker 2: is working to overhaul the organization's evening news program. Counter

975
00:59:01,920 --> 00:59:04,400
Speaker 2: what she sees as a left leading bias in legacy

976
00:59:04,440 --> 00:59:08,400
Speaker 2: media and make the newsroom operate more efficients efficiently. She

977
00:59:08,440 --> 00:59:10,840
Speaker 2: has been given a mandate for change by David Ellison,

978
00:59:10,880 --> 00:59:14,320
Speaker 2: the new owner of CBS parent company, Paramount, which bought

979
00:59:14,360 --> 00:59:17,000
Speaker 2: her news and opinion platform, The Free Press for one

980
00:59:17,080 --> 00:59:20,360
Speaker 2: hundred and fifty million dollars. At the time of her appointment.

981
00:59:20,400 --> 00:59:23,600
Speaker 2: Ellison said he capped Weis to bring CBS news to

982
00:59:23,760 --> 00:59:28,640
Speaker 2: brings to CBS quote news that reflects reality and journalism

983
00:59:28,680 --> 00:59:32,880
Speaker 2: that doesn't seek to demonize but seeks to understand. Weiss

984
00:59:32,960 --> 00:59:36,120
Speaker 2: is operating with eInsight, with Ellison's full backing. Now the

985
00:59:36,160 --> 00:59:37,840
Speaker 2: story goes on and I do 'tenough time to dive

986
00:59:37,880 --> 00:59:41,880
Speaker 2: into it in more depth than that. As I said,

987
00:59:41,960 --> 00:59:47,360
Speaker 2: I'm skeptical that this can work. However, what there are

988
00:59:47,480 --> 00:59:51,800
Speaker 2: here are deep pockets. The owner of Paramount, David Ellison,

989
00:59:52,240 --> 00:59:54,680
Speaker 2: his dad Larry Ellison, just fell from two to three,

990
00:59:54,840 --> 00:59:58,280
Speaker 2: is the third richest person in the world. Barry Weiss

991
00:59:58,280 --> 01:00:01,160
Speaker 2: herself sold her company, Free Press for one hundred and

992
01:00:01,200 --> 01:00:04,880
Speaker 2: fifty million. So you have people who have very very

993
01:00:04,960 --> 01:00:09,840
Speaker 2: deep pockets here to ride out whatever internal objection that

994
01:00:09,880 --> 01:00:13,280
Speaker 2: there is and to be in this for the long haul.

995
01:00:18,400 --> 01:00:23,720
Speaker 2: If they are successful in turning CBS News into a

996
01:00:23,880 --> 01:00:29,919
Speaker 2: credible news organization, I think that they will then make

997
01:00:31,280 --> 01:00:35,960
Speaker 2: large amounts of money. But that if the challenge of

998
01:00:36,000 --> 01:00:40,480
Speaker 2: taking a huge leftist news see with Fox News when

999
01:00:40,480 --> 01:00:42,720
Speaker 2: they put it on the air, it was easier to

1000
01:00:42,720 --> 01:00:47,280
Speaker 2: do because anybody who wasn't a died in the ideo

1001
01:00:47,800 --> 01:00:52,160
Speaker 2: ideological liberal was hired by Fox, but they got all

1002
01:00:52,200 --> 01:00:55,840
Speaker 2: of them. Secondly, Fox didn't take the on EIR News

1003
01:00:55,880 --> 01:00:58,680
Speaker 2: product and try to do much with it. It simply

1004
01:00:58,680 --> 01:01:00,440
Speaker 2: put on all these talk shows that were hosted by

1005
01:01:00,480 --> 01:01:03,040
Speaker 2: conservatives that were out at night, and they tried, like

1006
01:01:03,080 --> 01:01:05,560
Speaker 2: the Dickens, especially when Roger Rayles was there, to keep

1007
01:01:05,600 --> 01:01:08,240
Speaker 2: the bias out of the news programs. But to do

1008
01:01:08,320 --> 01:01:11,840
Speaker 2: it with the other large news organizations in a field

1009
01:01:11,880 --> 01:01:13,880
Speaker 2: in which ninety percent of the people who go into

1010
01:01:13,920 --> 01:01:17,440
Speaker 2: it are leftists is a really hard thing to do.

1011
01:01:19,360 --> 01:01:21,480
Speaker 2: It's like taking a public school and trying to make

1012
01:01:21,520 --> 01:01:26,400
Speaker 2: it not liberal. You're constantly fighting all of the leftist

1013
01:01:26,480 --> 01:01:30,720
Speaker 2: teachers who want to teach leftism in the classroom. Which

1014
01:01:30,760 --> 01:01:33,480
Speaker 2: she has going for her at CBS is this Her

1015
01:01:33,520 --> 01:01:36,840
Speaker 2: owner is on her side, Her owner hand picked her

1016
01:01:37,400 --> 01:01:40,480
Speaker 2: she's got a lot of money herself. And the people

1017
01:01:40,480 --> 01:01:42,600
Speaker 2: who work at CBS are in a field in which

1018
01:01:42,640 --> 01:01:46,640
Speaker 2: the jobs are being slashed right and left. So if

1019
01:01:46,680 --> 01:01:48,680
Speaker 2: they want to keep their jobs, they don't have the

1020
01:01:48,720 --> 01:01:54,800
Speaker 2: ability to be as arrogant as people who had a

1021
01:01:54,840 --> 01:02:02,640
Speaker 2: greater amount of job security. This is the Mark Belling podcast.

1022
01:02:03,840 --> 01:02:06,360
Speaker 2: This is the Mark Belling Podcast. We're releasing the podcast

1023
01:02:06,400 --> 01:02:08,960
Speaker 2: on Friday, and we're rolling into the teel end of

1024
01:02:09,000 --> 01:02:11,640
Speaker 2: the Thanksgiving weekend. I always contend that the worst day

1025
01:02:11,640 --> 01:02:14,760
Speaker 2: of the year is this coming Sunday. Now, if you

1026
01:02:14,800 --> 01:02:17,400
Speaker 2: don't have to travel, you're not doing anything. What do

1027
01:02:17,440 --> 01:02:20,160
Speaker 2: you care? But it was conceint it's a perfect storm.

1028
01:02:20,600 --> 01:02:23,440
Speaker 2: First of all, the airports and everything else are clogged

1029
01:02:23,440 --> 01:02:26,280
Speaker 2: because people and the Thanksgiving weekend not on the Monday,

1030
01:02:26,280 --> 01:02:28,920
Speaker 2: but they all come home on the Sunday. The airports

1031
01:02:29,240 --> 01:02:32,000
Speaker 2: are always a mess. It's filled with people because it's

1032
01:02:32,000 --> 01:02:34,720
Speaker 2: the end of November. The weather is often crappy, which

1033
01:02:34,760 --> 01:02:37,960
Speaker 2: creates delays everywhere, and for people who want to drive

1034
01:02:38,040 --> 01:02:40,560
Speaker 2: in Wisconsin, it's the end of deer hunting. See, you've

1035
01:02:40,560 --> 01:02:42,160
Speaker 2: got all of these people that are coming back on

1036
01:02:42,200 --> 01:02:43,840
Speaker 2: the roads, coming back from deer hunting, and you have

1037
01:02:43,840 --> 01:02:49,920
Speaker 2: people that are traveling in Hopefully we'll get through all

1038
01:02:49,960 --> 01:02:52,320
Speaker 2: of it. I'm way back when I had to go

1039
01:02:52,360 --> 01:02:54,400
Speaker 2: to Washington, d C. For a meeting. This is in

1040
01:02:54,440 --> 01:02:58,160
Speaker 2: the nineties, and the meeting was starting the Sunday night

1041
01:02:58,200 --> 01:03:00,160
Speaker 2: of the end of Thanksgiving weekend. It's a Monday on

1042
01:03:00,200 --> 01:03:03,800
Speaker 2: Tuesday meeting. And I remember that we were flying out

1043
01:03:03,840 --> 01:03:05,440
Speaker 2: of Milwaukee with this is mid This is how far

1044
01:03:05,560 --> 01:03:07,480
Speaker 2: back it was. Midwest Express or it might have been

1045
01:03:07,520 --> 01:03:09,800
Speaker 2: Midwest Airlines then was still around. So we had a

1046
01:03:09,800 --> 01:03:12,160
Speaker 2: NonStop to New York and we landed in New York.

1047
01:03:12,160 --> 01:03:14,920
Speaker 2: It was at it was at National I don't think that.

1048
01:03:15,000 --> 01:03:17,000
Speaker 2: I don't think the name had been changed yet to Reagan.

1049
01:03:17,040 --> 01:03:20,040
Speaker 2: That's how far back it was. And we landed and

1050
01:03:20,200 --> 01:03:23,680
Speaker 2: it was a driving rainstorm at Washington, and this is

1051
01:03:23,720 --> 01:03:26,440
Speaker 2: you know, people going back to Washington, and any Sunday

1052
01:03:26,520 --> 01:03:28,560
Speaker 2: night is huge because they're all coming back for government

1053
01:03:28,560 --> 01:03:31,040
Speaker 2: on Monday and so on. We got to the airport

1054
01:03:31,120 --> 01:03:33,480
Speaker 2: and it was just wall the wall people. Everybody's like,

1055
01:03:33,480 --> 01:03:36,680
Speaker 2: we're in winter clothes and all this stuff. And this

1056
01:03:36,720 --> 01:03:39,200
Speaker 2: is before there's uber and you step outside and you

1057
01:03:39,240 --> 01:03:41,680
Speaker 2: need a ride and it was just pouring down rain.

1058
01:03:41,800 --> 01:03:45,680
Speaker 2: And the other stories that I have where we used

1059
01:03:45,680 --> 01:03:47,240
Speaker 2: to some friends of mine and I used to have

1060
01:03:47,320 --> 01:03:51,000
Speaker 2: like a get together every Thanksgiving weekend. You come back

1061
01:03:51,040 --> 01:03:53,680
Speaker 2: on Sunday and fighting the traffic of all of the

1062
01:03:53,720 --> 01:03:57,040
Speaker 2: deer hunters. The I don't know if they've changed this yet,

1063
01:03:57,080 --> 01:03:59,880
Speaker 2: but the stretch of the interstate between Toma and Man

1064
01:04:00,360 --> 01:04:03,160
Speaker 2: that's for both. It's ninety and ninety four together. So

1065
01:04:03,280 --> 01:04:05,880
Speaker 2: not only do you have two interstates that are combined together,

1066
01:04:05,960 --> 01:04:08,080
Speaker 2: you've got all these people that are sort of coming

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Speaker 2: from the north and heading back towards southeastern Wisconsin and

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Speaker 2: toward Chicago. Ede free would just stop. And it's happened

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Speaker 2: for years and years and years. So if you're not

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Speaker 2: traveling on Sunday, you're probably better off. That's it for

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Speaker 2: this week's podcast. We'll be back with another one on Monday.

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Speaker 1: The Mark Belling Podcast is a production of iHeartRadio Podcasts,

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Speaker 1: Production and engineering by Paul crown Forest. The Mark Belling

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Speaker 1: Podcast is presented by you Line for quality shipping and

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Speaker 1: industrial supplies. You Line has everything in stock. Visit you

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Speaker 1: line dot com. Listen to all of Mark's podcasts, always

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Speaker 1: available on the iHeartRadio, app, Apple podcasts, or wherever you

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Speaker 1: listen to your favorite podcasts s,