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Speaker 1: Do you want to be an American idio.

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Speaker 2: We got pulled back on seven hundred wlw welcome to it.

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Speaker 2: We'll jump right in with stuff because there's stuff. You know,

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Speaker 2: we got stuff. Trump administration has decided to ease the

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Speaker 2: fuel economy standards known as a cafe standards for vehicles,

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Speaker 2: so roll back. Under Biden they required a two percent

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Speaker 2: annual efficiency and improvement, so two percent annually they'd have

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Speaker 2: to make better better fiel ecmomies, I guess the new

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Speaker 2: proposal cuts us back to a half a percent, and

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Speaker 2: they're also rolling back the telpipe emission standards. So the

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Speaker 2: question is what does this mean overall for the car

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Speaker 2: industry Because cars we've hit American and consumers said we're

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Speaker 2: not paying more for cars. We have had a breaking

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Speaker 2: point in the costing new automobiles. What does that do

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Speaker 2: for us? Brian Moody is the executive Adam Kelly Bluebook

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Speaker 2: and Auto Trader.

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Speaker 3: Welcome Brian hy Ben.

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Speaker 4: Yeah, thanks, you're right. That does change things a little bit,

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Speaker 4: but I think it could be for the good, even

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Speaker 4: though temporarily the headlines are going to be bad.

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Speaker 2: Yeah, I think in the long term it seems good.

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Speaker 2: You know, we have this quest to try and lower

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Speaker 2: efficiency set you know, increase efficiency and how many more

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Speaker 2: miles you would drive per gallon tank. And we know

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Speaker 2: there's environmental impact there, and that's all well and good,

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Speaker 2: but it feels like the screws have really been put

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Speaker 2: to the auto industry itself and saying, Okay, there's a

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Speaker 2: reasonable bound here, but we'ren't in the point of absurdity,

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Speaker 2: aren't we?

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Speaker 5: Right?

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Speaker 4: I agree, it turns out the government is a terrible automaker,

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Speaker 4: and not just ours, but as across the world. If

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Speaker 4: you look in Europe, for example, it was government that

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Speaker 4: incentivized diesel to the point where that became the dominant

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Speaker 4: fuel type across Europle. It turns out that's not good

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Speaker 4: for you. So when government is in the position of

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Speaker 4: building consumer products, that's not great. And when it comes

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Speaker 4: to regulation, I don't think people understand that. They understand

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Speaker 4: that the better shoe economy is good on one sense,

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Speaker 4: so I think we all understand that. But what people

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Speaker 4: don't understand is the regulation which leads to needs compliance,

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Speaker 4: which costs money, which adds complexity, which adds weight, takes

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Speaker 4: away certain things from consumers such as reliability, low cost,

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Speaker 4: and the lightweight of the car, which could be a

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Speaker 4: safety feature. I guess, for lack of a.

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Speaker 2: Better word, yeah, understand those masks. But the fact of

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Speaker 2: the matter is we, as American consumers, have an insatiable

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Speaker 2: demand for trucks and SUVs that's at odds with these

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Speaker 2: outdated standards or two aggressive standards I guess under the

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Speaker 2: by administration.

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Speaker 4: Yes, And here's the thing about trucks and SUVs. You

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Speaker 4: could argue, well, are people buying those because they need

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Speaker 4: it or because it's what they want? I don't really know.

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Speaker 4: Consumer choice always benefits the consumer. But here's a great

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Speaker 4: example of how trucks can become more efficient while also

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Speaker 4: serving the consumer's need. For example, there's a Ford pickup

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Speaker 4: right now called the Ford Maverick. It's a small pickup truck.

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Speaker 4: Well that hasn't been around for very long. Of course,

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Speaker 4: the name goes way back to the seventies, but the

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Speaker 4: actual vehicle that we have now, the Ford Maverick small pickup,

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Speaker 4: has only been around for a few years. When they

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Speaker 4: first introduced that, they couldn't make enough of those to

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Speaker 4: keep up with demand. So that shows that consumers want

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Speaker 4: something that makes sense. It's up to automakers to meet

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Speaker 4: them where they are and give them the range, the price,

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Speaker 4: the value and reliability they expect.

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Speaker 2: I thought I had rare or heard that they Maverick.

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Speaker 2: The Ford Maverick is just basically what it's replacing, the

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Speaker 2: Ford Escape.

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Speaker 6: Yeah.

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Speaker 4: I mean, the Ford Escape is a small SUV and

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Speaker 4: we may end up seeing hybrid or plug in hybrid

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Speaker 4: versions of that in the near future. The thing with

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Speaker 4: the Maverick that was so I guess telling is that

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Speaker 4: it doesn't have a big V eight, It isn't oversized,

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Speaker 4: it doesn't cost sixty thousand dollars, it doesn't even cost

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Speaker 4: fifty thousand dollars. It's low price. It has some nice features,

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Speaker 4: but it arguably has much less capability than say a

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Speaker 4: Ford F two fifty, which is probably a special thing

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Speaker 4: that some people do need. But the Maverick is a

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Speaker 4: great example, and I bet you you'll see others when

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Speaker 4: it comes to hybrids and electric cars, more right sized

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Speaker 4: solutions for what Americans want today.

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Speaker 2: Yeah, I mean, you've seen the small pig and I

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Speaker 2: guess I don't know what you categorize, but the small

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Speaker 2: pickup truck you geep has a model It's like every

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Speaker 2: manufacturer's rolling out a small pickup truck because they pick

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Speaker 2: up truck aesthetic.

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Speaker 4: Right, Like there's a Hyundai Santa Cruz. You know what

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Speaker 4: these cars all remind me of. It's almost like everything

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Speaker 4: that's everything that's new, or everything that's old is new again.

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Speaker 4: These small pickups like the Hyundai Santa Cruz and the

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Speaker 4: Fort Maverick and some of the ones that you mentioned,

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Speaker 4: what they kind of remind me of a a Chevy

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Speaker 4: al Camino. It's small car based, right, not the Jeep,

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Speaker 4: but the other ones are car based, fuel economy, and

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Speaker 4: it occasionally helps you do some utility tasks that you

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Speaker 4: might need or might not need. But meanwhile, you can

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Speaker 4: drive it around every day comfortably.

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Speaker 2: It can't be long before bring the station wagon back.

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Speaker 2: You think that's gonna happen.

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Speaker 4: I'm hoping because here's what I have noticed, and I'm

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Speaker 4: this is only anecdotal. My own kids, who recently became

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Speaker 4: driving age, have said nobody wants those big SUVs because

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Speaker 4: it's too hard to judge where you are and when

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Speaker 4: you're learning how to drive. They both kids said they

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Speaker 4: prefer a small sedan or a hatchback. Well, SUVs replaced

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Speaker 4: all those cars. So what's going to happen when these

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Speaker 4: younger people move into the place where they're like, I

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Speaker 4: don't want SUVs. They don't want SUV's because why we

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Speaker 4: didn't want station wagons. That's what my mom drives.

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Speaker 2: Yeah, yeah, yeah, And eventually we'll come back like trucker

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Speaker 2: hats and fanny packs.

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Speaker 3: He's Brian Moody.

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Speaker 2: He's the executive editor of Auto Trader and Kelly Bluebook,

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Speaker 2: talking about Trump's and the Trump administrations cut on cafe standards,

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Speaker 2: which environmentals are mashing their teeth over. But I think

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Speaker 2: it's a good business simply because it's so hard for

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Speaker 2: Detroit or all automaticers of American automakers, for manner doesn't

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Speaker 2: have to be Detroit to try and keep up with

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Speaker 2: that kind of stuff, And it totally does not mesh

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Speaker 2: with what consumers demand, which are more trucks and SUVs

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Speaker 2: and even smaller pickup trucks and SUVs for that matter too.

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Speaker 3: We also have to talk about evs.

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Speaker 2: I was blown away when I traveled this summer to

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Speaker 2: Australia the number of Chinese evs that are on the

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Speaker 2: market as Uber's there, and I thought the fit and

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Speaker 2: finish looked pretty good in most cases. Sometimes maybe not

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Speaker 2: so much. But how much a threat is that to

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Speaker 2: our market here?

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Speaker 4: It's a big threat. That's how economic weapons work. I mean,

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Speaker 4: they use their advantage to drive the price down, and

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Speaker 4: they have working conditions and things in other parts of

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Speaker 4: the world we wouldn't have here, But in other parts

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Speaker 4: of the world they don't go by those same rules.

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Speaker 4: Undercut the price of what's there and introduce it to

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Speaker 4: a market, and then you can drive the other people

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Speaker 4: out of business. That's called an economic weapon. The idea

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Speaker 4: that people would want these cars is not surprising because

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Speaker 4: they're good, but there has to be some kind of

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Speaker 4: protection all over the world, not just in the US,

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Speaker 4: to make sure that it's living up to the standards

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Speaker 4: that we all hold amongst ourselves in terms of where

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Speaker 4: are the materials come from, how is it built, and

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Speaker 4: who's building it well.

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Speaker 2: As we relax cafe standards for internal combusting engines. It

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Speaker 2: looks like to me, and again it's a brief sample.

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Speaker 2: You tell me, Brian, the global market continues to prioritize

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Speaker 2: electrifications that kind of put us at a disadvantage in

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Speaker 2: the next I don't know, within the next ten.

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Speaker 4: Years, maybe, But here's the thing. More realistic goals would

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Speaker 4: be helpful. No one's going No one's arguing that, you know, oh,

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Speaker 4: electric cars are going to go away. That's not true.

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Speaker 4: I think if most people, the average American, if they

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Speaker 4: were to drive an electric car, they would like it.

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Speaker 3: Now.

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Speaker 4: That means there's other things that have to be solved, though.

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Speaker 4: What about the price? What about this durability? What about

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Speaker 4: the resale value? What about where I charge it up?

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Speaker 4: It's perfect for people to have their own home, because

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Speaker 4: that's about eighty percent of people that have electric cars

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Speaker 4: charge them up at home. What about everybody else? It's

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Speaker 4: not the car that's necessarily the issue. It's a lot

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Speaker 4: of other things that go into it.

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Speaker 2: Yeah, if I live in a metro city like Cincinnati

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Speaker 2: and I don't have a garage, I don't have access

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Speaker 2: to that. How do I charge my electric vehicle? I

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Speaker 2: need a traditional internal combustion engine at least, So we

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Speaker 2: solve that. But again, the market will decide.

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Speaker 4: That, right, the market should always decide these things. One

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Speaker 4: thing that's a misnomer that I've heard often with electric

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Speaker 4: cars is there's an argument that presumes that people who

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Speaker 4: live in apartments or in mixed use housing. Let's say

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Speaker 4: they don't want electric cars because they're too expensive, and

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Speaker 4: the reason I think in an apartment is because that's

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Speaker 4: what they can afford. That's not true. There's many, many

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Speaker 4: people in many cities across the country that choose to

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Speaker 4: live in apartments, townhouses, or condos because that's what suits

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Speaker 4: their lifestyle best. Not everyone wants to mow yard on

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Speaker 4: a Saturday. Not everybody wants that. They just want come home.

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Speaker 4: I have a place to go. It's all taken care of.

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Speaker 4: And that's the thing that we need to solve next

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Speaker 4: for how do you charge those things up? Also, there's

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Speaker 4: just a mechanism of how long it takes to charge.

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Speaker 4: If you need ten gas pumps, you probably need thirty

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Speaker 4: charging stations based on the duration of time it takes

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Speaker 4: to quote fill up your tank with an electric car.

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Speaker 3: Yeah, it makes sense.

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Speaker 2: I mean, if you drive several hundred miles, for example,

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Speaker 2: you road trip it, you're going to have to plan

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Speaker 2: out how long and where you stop. It's going to

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Speaker 2: take more time to get from point A to point

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Speaker 2: B driving a electric you can do much more on

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Speaker 2: a hybrid, which seems to also have fallen off the savors,

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Speaker 2: And I mean my son has a hybrid, he's had

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Speaker 2: one for years.

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Speaker 3: He loves it.

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Speaker 2: He's gotting like ninety nine miles of the gallon and

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Speaker 2: when it's not charged, the internal combustion engine kicks in.

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Speaker 2: It seems like a fair trade. Why did that follow

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Speaker 2: a favor.

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Speaker 4: Well, because I think a lot of it is marketing.

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Speaker 4: I think a lot of it is headline grabbing. But

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Speaker 4: I think twenty twenty six will be the year of

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Speaker 4: the hybrid. I really do think that people have kind

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Speaker 4: of come to terms with the taxpayer funded incentive for

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Speaker 4: EVS is gone. So the cars at current state are

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Speaker 4: relatively expensive, about fifty eight thousand dollars on average. Hybrids

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Speaker 4: are much more affordable, and you have brands like Toyota

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Speaker 4: that are moving to almost all hybrids. All of their

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Speaker 4: cars either can be had as hybrids or in some

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Speaker 4: cases like the Sienna and the Camera and the Crown,

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Speaker 4: that's the only way it comes. So we're moving to

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Speaker 4: a point when you look at Twita like as a

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Speaker 4: leader in this area, right, they're moving to a point

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Speaker 4: where it's not a choice about getting a hybrid, it's

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Speaker 4: just going to come that way. And the way they

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Speaker 4: operate is normal for the most part, they've changed. Listen,

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Speaker 4: anybody out there who's thought, oh, I was going to

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Speaker 4: get a hybrid fifteen years ago, but they're terrible to drive,

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Speaker 4: You've got to drive one. Today, they're much much better.

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Speaker 2: Yeah, technology improves, I mean in mevs. I drove up

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Speaker 2: Tesla a few years ago and it was an incredible experience.

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Speaker 2: You know, you're driving a computer, self driving computer for

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Speaker 2: that matter. That technology is only going to get better.

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Speaker 2: But I still think we I think hybrid bridge is

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Speaker 2: a gap for a long time to comes. Brian Moody

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Speaker 2: over Kelly Bluebook and Auto Trader talking about Trump relaxing

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Speaker 2: the cafe standards, which is great for manufacturers. It's also

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Speaker 2: great for consumers as well. Are we going to see

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Speaker 2: prices level off, if not drop because of this?

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Speaker 3: We may.

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Speaker 4: But here's the thing about any kind of those predictions.

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Speaker 4: The cycle where automakers plan and develop and research vehicles

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Speaker 4: is much longer than a year or two. It's more

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Speaker 4: like six to eight years. So the few economy standards

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Speaker 4: that we have now, yeah, there's a few things they

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Speaker 4: can do in the short term, but planning long term planning,

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Speaker 4: and this is probably a point where what President Trump

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Speaker 4: has done might be a disadvantage because the back and

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Speaker 4: forth can be hard on the automaker being able to

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Speaker 4: plan out their product portfolio long term. So it would

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Speaker 4: be better to have a middle ground and just say, hey,

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Speaker 4: we all agree, let's just keep it this way for

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Speaker 4: the next twelve years. That would be better than up

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Speaker 4: and down in the short term.

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Speaker 2: I guess get more granular here, Brian. What's the actual

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Speaker 2: production cost difference between meeting the old two percent standard

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Speaker 2: versus the half a percent standard per vehicle?

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Speaker 3: How much does that shave off a car? Any idea.

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Speaker 4: I don't know how much it shaves off a car

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Speaker 4: in terms of production, but I know that it does

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Speaker 4: reduce the cost of building cars in terms of compliance.

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Speaker 4: For example, I spoke to this is. This is some

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Speaker 4: time ago. I spoke to an executive at the company Renault,

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Speaker 4: which is a French company, and one of the reasons

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Speaker 4: they stopped making one of their cars with a certain

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Speaker 4: powertrain I think it was a D power you know, subcompact.

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Speaker 4: They said, we can't make money on this car because

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Speaker 4: thirty percent of the cost is compliant. So anytime you

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Speaker 4: hear an additional piece of equipment being added or standards

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Speaker 4: being changed. There's a cost for compliance, there's a cost

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Speaker 4: for testing in addition to the actual production of the

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Speaker 4: car let alone, whether or not you decrease driveability or reliability.

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Speaker 2: Okay, that's what we'll set that aside. That's an interesting

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Speaker 2: perspective from them too. But the other element here too is, okay,

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Speaker 2: we don't have the EV incentives anymore, so, you know,

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Speaker 2: on no more ballouts for EV and relaxed standards. What

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Speaker 2: happens with market share relative to EV since not hybrids

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Speaker 2: but just electric vehicles over the next let's say, five

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Speaker 2: to eight years.

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Speaker 4: I think they're going to level off at a certain

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Speaker 4: there's there's going to be a point where it's going

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Speaker 4: to feel comfortable as part of the market, maybe ten percent,

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Speaker 4: let's say. However, I think that the elimination of the rebates,

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Speaker 4: the taxpayer funded incentives for electric I think that's going

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Speaker 4: to be good for electric cars in the long run.

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Speaker 2: What about the some costs that all automakers have gotten

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Speaker 2: into with evs, and now that we're backing off of that,

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Speaker 2: what happens with that?

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Speaker 4: That's hard. They're going to have to make some adjustments

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Speaker 4: and we already see companies like Volvo, for example, maybe

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Speaker 4: walking it back a little bit, and rather than saying, hey,

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Speaker 4: we're going to force an ideological solution onto the consumers,

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Speaker 4: they have recently said we're going to let consumer demand

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Speaker 4: dictate what we do, so full electric by a certain time. Okay, maybe,

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Speaker 4: but they're not going to artificially set those times. They're

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Speaker 4: going to let, like you had said before, let the

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Speaker 4: markets aside. That's always going to work out best for

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Speaker 4: the company and for the consumer, because what do we pick.

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Speaker 4: We all picked the thing that we like best that

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Speaker 4: we can afford.

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Speaker 2: Okay, But then, logically speaking, three years from now, let's

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Speaker 2: say a Democrat gets elected. Does this all get wiped

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Speaker 2: out and we start over again? And how do you

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Speaker 2: plan that far ahead, if at all. If you're an

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Speaker 2: autom manufacturer or a hell a car dealer.

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Speaker 4: That's a risk. I mean, that's definitely a risk. And

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Speaker 4: some could argue that's a weak point in the system,

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Speaker 4: that it's too prone to partisan back and forth. It

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Speaker 4: would be better to have a middle ground that just says, hey,

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Speaker 4: here's a good number for a fuel economy. Let's all agree.

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Speaker 4: Let's have like a cross party committee that can just

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Speaker 4: agree that this is a number and not politicize it.

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Speaker 4: Because most cars today, like the average car, you can

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Speaker 4: get a car that's gackling only not a hybrid that

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Speaker 4: can get forty miles per gallon on the highway.

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Speaker 7: That was unheard of twenty years ago, right because of well,

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Speaker 7: how much of that is innovation and how much of

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Speaker 7: that is government in that Hey, as soon as gas

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Speaker 7: prices go up, people start selling their evs and big

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Speaker 7: cars and get more fuel efficient things.

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Speaker 2: We have another oil prices. Everyone wants an EV or

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Speaker 2: something that's going to get more miles to down. The

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Speaker 2: minute it starts to go back down, we go back,

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Speaker 2: whipsaw back to the other things. And that's again that's

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Speaker 2: a consumer demand in the thickleness that we have there.

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Speaker 4: But I think it's valid, right, But consumers don't want

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Speaker 4: a twelve mile per gallant car and a generation of

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Speaker 4: go or less that was not an unusual thing. Today.

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Speaker 4: People expect their car to get reasonable fuel economy, add

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Speaker 4: hybrid to it, and like you said, I personally drove

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Speaker 4: a plug in hybrid for three months. This won't happen

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Speaker 4: to be a Volvo. I'm got seventy five to eighty

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Speaker 4: miles per gallon plugging it in every day. So I

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Speaker 4: know that's possible, and I think what happens is the

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Speaker 4: fuel economy adds convenience. You now have cars, especially hybrids,

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Speaker 4: with a driving range of five or six hundred miles.

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Speaker 4: That is a lifestyle changer. When I hear people with

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Speaker 4: electric cars or who are electric car proponents say, well,

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Speaker 4: on a long trip, it only takes an extra forty

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Speaker 4: five minutes to charge up. That's true, it does only

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Speaker 4: take an extra forty five minutes to charge up. But

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Speaker 4: that sounds like someone who doesn't have toddlers.

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Speaker 2: Yeah, right, exactly, and we'll leave it at that again.

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Speaker 2: Brian Moody Kelly Bluebook and the Auto Trader, he's the

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Speaker 2: executive editor there. So I think this is a great thing,

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Speaker 2: quite honestly, is getting a little bit more common sense

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Speaker 2: back in. Manufacturers will thus still be incentive for them

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Speaker 2: to reduce an increase fuel efficiency in the future. It's

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Speaker 2: not like simply it's going to go well twelve miles

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Speaker 2: a gal, and we won't stand for that anymore. It's

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Speaker 2: all about consumer demand, not what the government wants. And

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Speaker 2: this one makes sense to me, Brian.

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Speaker 3: All the best. Thanks for jumping on this morning. Thank

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Speaker 3: you appreciate. We've got some weather.

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Speaker 2: Moving in y'all over the next well all the way

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Speaker 2: through the weekend almost to Friday as well. We'll full

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Speaker 2: update their traffic just ahead someday, guys. I love the

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Speaker 2: new cafe standards under President Trump. Something I do not

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Speaker 2: like what he's doing with farms. We'll get into that

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Speaker 2: just ahead here Sloaney seven hundred WLW Scott slowing back

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Speaker 2: on seven hundred WLWT. Enjoyable day off yesterday.

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Speaker 3: Good.

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Speaker 4: So.

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Speaker 2: I was just talking to Brian Moody from Kelly Bluebook

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Speaker 2: about lower mission standards helping the auto industry, and I

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Speaker 2: think that's a smart move, quite honestly, because you know,

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Speaker 2: you get these environmentalist policies in place that simply ignore

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Speaker 2: consumer demand sentiment, and the fact of the matter is

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Speaker 2: we are going to be relying upon fossil fuels for

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Speaker 2: the rest of our lives and probably at least another

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Speaker 2: couple generations beyond. Doesn't mean we shouldn't take the environment seriously,

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Speaker 2: but it always struck me as silly as to hold

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Speaker 2: us to these high demanding standards when the rest of

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Speaker 2: the world, developing nations and in particular, our frenemies in China,

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Speaker 2: Indian elsewhere are allowed to pollute the environment with impunity.

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Speaker 2: It doesn't mean you know that we can't do better,

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Speaker 2: but it seems rather silly since you can't hold them

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Speaker 2: to the same high standards you're putting yourself under. And

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Speaker 2: new hamsterring American industry and progress and everything else. And

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Speaker 2: so one may also ask how real is that threat?

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Speaker 2: To some degree, you know, there's a lot of younger people,

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Speaker 2: especially environm mental types, I think the world is going

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Speaker 2: to end next Tuesday. We heard that same cry when

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Speaker 2: it came to the hole in the ozone layer. Hell

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Speaker 2: songs are written about it, right and now we're learning, hey,

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Speaker 2: it fixed itself. I'm not suggesting that that's entirely possible

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Speaker 2: with this climate emergency that we're in. At the same time,

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Speaker 2: I look at it reasonably and go, Okay, there's only

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Speaker 2: so much we can do right now. You're not going

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Speaker 2: to be able to overdo it overnight. The result is

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Speaker 2: is it really making all that much an impact to

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Speaker 2: begin with? When you look at the amount of energy

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Speaker 2: and environmental harm producing batteries at the rate we're doing

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Speaker 2: right now. So I think that's all going to be

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Speaker 2: factored in as well. So yeah, I agree with easing

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Speaker 2: up on a car manufacturers for sure. I think that's

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Speaker 2: a good idea. Something I'm not too happy with, though,

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Speaker 2: is what's happening when it comes to more bailouts. You know, Socialism,

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Speaker 2: I guess is in the eye of the beholding party,

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Speaker 2: because if you're a Republican and a Democrat does it,

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Speaker 2: it's socialism. When a Republican does it, it's something else.

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Speaker 2: It's kind of like that old adage of difference. But

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Speaker 2: what's the difference between a terrorist and a patriot depending

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Speaker 2: on who is doing the terrorizing. So for farm bills

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Speaker 2: in Terwmers, in case you haven't heard this, we're about

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Speaker 2: to give eleven billion dollars to our farmers and probably

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Speaker 2: a number of them listening at anyone stretched to my

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Speaker 2: show right now. And it's not a me against farmers thing. Obviously,

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Speaker 2: I like to eat. Look at me. I get what

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Speaker 2: farmers do. It's an incredibly hard life. I have family

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Speaker 2: members at are farmers. I totally understand that. But I

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Speaker 2: think you probably agree with me. Going eleven billion dollars

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Speaker 2: in ball up money to farmers, does that make a

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Speaker 2: lot of sense, simply because this is because of terrorifts. Now,

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Speaker 2: at the beginning of this thing, when Trump said I'm

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Speaker 2: going to do tariff's most beautiful world word in the dictionary,

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Speaker 2: I'm like, well, I got some questions about that, but

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Speaker 2: you know what, let's see how it plays out. Let's

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Speaker 2: give the brother a chance. Let's see how we do.

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Speaker 2: And so far, now almost a year into this, not quite.

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Speaker 2: It doesn't look really good. I'll be honest with you.

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Speaker 2: And at what point you go, yeah, it's not to

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Speaker 2: what we thought it would. The problem there is, though,

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Speaker 2: I don't know, for the President is never going to go, yeah,

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Speaker 2: you know what, I.

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Speaker 3: Got this one wrong.

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Speaker 2: It's just simply not in his vocabulary or any politician

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Speaker 2: for that matter. We'll just pivot to something else. And now,

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Speaker 2: as he focuses less than international diplomacy and more on

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Speaker 2: America First, he's going to kick off that campaign, the

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Speaker 2: year long campaign to make America first. This comes back

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Speaker 2: into play, I think, and simply put right now, the

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Speaker 2: tariffs have created the very problem they want to solve.

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Speaker 2: You raise costs for farmers, the input costs for farmers,

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Speaker 2: and you're talking equipment, we're talking fertilizer. Talking all that

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Speaker 2: and more at the same time, we close the export

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Speaker 2: markets because of the tariffs. Now the second time around.

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Speaker 2: They spent twenty eight billion last time around billing off

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Speaker 2: farmers during the first term. I know, the eleven billion

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Speaker 2: dollar barret of farmers.

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Speaker 3: What is that?

434
00:21:53,800 --> 00:21:55,840
Speaker 2: If the tariffs worked, will we be doing this? And

435
00:21:55,880 --> 00:21:58,880
Speaker 2: the answer, of course is well, yeah, exactly right, it's

436
00:21:58,920 --> 00:22:03,040
Speaker 2: not working. That's we gotta bill out farmers. Now, we

437
00:22:03,080 --> 00:22:06,000
Speaker 2: do have collected so far about two hundred billion dollars

438
00:22:06,080 --> 00:22:08,760
Speaker 2: in tariffs, and that is high cotton right there. We

439
00:22:08,840 --> 00:22:11,119
Speaker 2: have never collected that much money ever in tariff. So

440
00:22:11,160 --> 00:22:15,200
Speaker 2: that's eleven of the two hundred billion dollars. If you're

441
00:22:15,240 --> 00:22:20,680
Speaker 2: in manufacturing, if you're in construction, where's your check? Is

442
00:22:20,720 --> 00:22:23,600
Speaker 2: this not unlike when we talked about, you know, bailing

443
00:22:23,640 --> 00:22:26,119
Speaker 2: out while subsidizing college student loans and go, well, you

444
00:22:26,200 --> 00:22:28,040
Speaker 2: know it's COVID and the kid you can't afford to

445
00:22:28,080 --> 00:22:29,480
Speaker 2: pay these loans. Well, we're just going to pay your

446
00:22:29,520 --> 00:22:33,000
Speaker 2: loans for you. And all right, when someone goes, hey, listen,

447
00:22:33,040 --> 00:22:35,439
Speaker 2: I don't I'd never went to college, my kids, I

448
00:22:35,440 --> 00:22:37,679
Speaker 2: don't have kids. Why am I paying for a rich

449
00:22:37,760 --> 00:22:40,480
Speaker 2: kid to go to college. And it was Elizabeth Warren

450
00:22:40,520 --> 00:22:42,800
Speaker 2: that laughed at the guy. But that's a true statement,

451
00:22:43,680 --> 00:22:46,160
Speaker 2: Like I'm not part of that. I have a try.

452
00:22:46,160 --> 00:22:47,840
Speaker 2: I got to pay taxes in my truck. I got

453
00:22:47,840 --> 00:22:50,560
Speaker 2: all these costs I have to pay for as a

454
00:22:50,600 --> 00:22:53,679
Speaker 2: small business person or a contractor. In this case, where's

455
00:22:53,680 --> 00:22:56,520
Speaker 2: my money? And that was true with Elizabeth Warren. It's

456
00:22:56,520 --> 00:22:58,320
Speaker 2: true under Donald Trump right now. If you are at

457
00:22:58,320 --> 00:23:03,200
Speaker 2: another sector besides farming, where the hell's your check? If

458
00:23:03,200 --> 00:23:07,440
Speaker 2: you're building stuff, creating stuff, manufacturing stuff, there should be

459
00:23:07,520 --> 00:23:09,120
Speaker 2: money for you too, right. But isn't that the problem

460
00:23:09,160 --> 00:23:12,199
Speaker 2: why we're collecting this money in tariffs to give it

461
00:23:12,280 --> 00:23:16,440
Speaker 2: back to political favorites, in this case farmers who will

462
00:23:16,440 --> 00:23:18,439
Speaker 2: support President Trump in the future. And it's just like

463
00:23:18,760 --> 00:23:20,600
Speaker 2: I thought we were getting rid of this kind of behavior,

464
00:23:20,640 --> 00:23:22,960
Speaker 2: and it's that certainly it's not socialism, but in line

465
00:23:23,000 --> 00:23:26,000
Speaker 2: with the ten billion in taxpayer money we're buying companies,

466
00:23:26,440 --> 00:23:29,959
Speaker 2: that's certainly of socialism. You know, I'm buying up ownershares.

467
00:23:30,320 --> 00:23:33,600
Speaker 2: Whether it's critical to national security or not. I can

468
00:23:33,680 --> 00:23:35,480
Speaker 2: kind of give side out of that and going, Okay,

469
00:23:35,520 --> 00:23:38,640
Speaker 2: we spend ten billion dollars in taxpayer money to buy

470
00:23:38,680 --> 00:23:43,520
Speaker 2: parts of companies or certainly vested interests, if not majority

471
00:23:43,560 --> 00:23:46,800
Speaker 2: interest in companies, and we'll have a say in how

472
00:23:46,800 --> 00:23:49,639
Speaker 2: they run. Isn't that literally the definition of socialism that

473
00:23:49,680 --> 00:23:53,080
Speaker 2: government controls the means of production that would be us

474
00:23:53,320 --> 00:23:57,159
Speaker 2: In this case, we're back to baillouts again. So we

475
00:23:57,240 --> 00:24:00,600
Speaker 2: as consumers, then we pay higher prices because of tariffs

476
00:24:00,640 --> 00:24:04,600
Speaker 2: on imported goods. Then our tax bunny funds billions and

477
00:24:04,640 --> 00:24:07,320
Speaker 2: ballots to compensate those harmed by the same tariffs, and

478
00:24:07,359 --> 00:24:10,879
Speaker 2: so we're essentially being farmers to absorb the costs of

479
00:24:11,000 --> 00:24:13,600
Speaker 2: the tariffs that they voted for in the first place.

480
00:24:13,600 --> 00:24:15,360
Speaker 2: Does this make any sense? It doesn't make any sense

481
00:24:15,359 --> 00:24:21,360
Speaker 2: to me. The ideological hypocrisy here. If you go back

482
00:24:21,359 --> 00:24:23,080
Speaker 2: in time, and I remember in when was that we'd

483
00:24:23,119 --> 00:24:28,680
Speaker 2: been an oes nine ten when we had the auto

484
00:24:28,720 --> 00:24:31,639
Speaker 2: bailout because of yeah, it would have been two thousand

485
00:24:31,640 --> 00:24:33,880
Speaker 2: and eight, two thousand and nine because of the housing

486
00:24:34,040 --> 00:24:38,399
Speaker 2: market collapse. So we had to ballot auditustries saying hey, listen,

487
00:24:38,440 --> 00:24:40,120
Speaker 2: you know what, we got to do this because they're

488
00:24:40,119 --> 00:24:42,520
Speaker 2: too big to fail, and a lot of conservatives at

489
00:24:42,520 --> 00:24:45,000
Speaker 2: the time who love this guy are just our signment

490
00:24:45,080 --> 00:24:49,400
Speaker 2: on this kind of stuff called that government overreach. Okay, well,

491
00:24:49,400 --> 00:24:51,240
Speaker 2: if that was going to reach with the auto bailout,

492
00:24:51,359 --> 00:24:56,919
Speaker 2: then how are we why are we supporting agricultural bailouts?

493
00:24:57,640 --> 00:25:01,080
Speaker 2: And again, it's a government created crisis, like college debt

494
00:25:01,119 --> 00:25:04,520
Speaker 2: or anything else, or the healthcare system. It's it's absolutely

495
00:25:04,520 --> 00:25:09,679
Speaker 2: created by them, which I don't understand at all. And

496
00:25:09,760 --> 00:25:13,160
Speaker 2: so you mean, you look at manufacturing for example, they're suffering.

497
00:25:14,640 --> 00:25:18,000
Speaker 2: Manufacturer's contribution to the GDP went from nine point eight

498
00:25:18,000 --> 00:25:20,400
Speaker 2: percent last year to nine point four which zo point

499
00:25:20,400 --> 00:25:23,320
Speaker 2: four percent is a lot in that sector, and we

500
00:25:23,400 --> 00:25:27,320
Speaker 2: see manufacturing decline, declined, decline. Seventy percent of firms in

501
00:25:27,359 --> 00:25:31,399
Speaker 2: the manufacturing sector report negative tariff impacts. About two percent

502
00:25:31,480 --> 00:25:34,560
Speaker 2: see benefits because it raises costs for raw matials, media.

503
00:25:34,600 --> 00:25:37,680
Speaker 2: It's just like farmers, and it's going to stifle competitiveness too.

504
00:25:39,080 --> 00:25:41,439
Speaker 2: We saw this, you know, back to the farming. This

505
00:25:41,480 --> 00:25:43,080
Speaker 2: has been a problem for a long time. When it

506
00:25:43,080 --> 00:25:44,800
Speaker 2: comes to the farm bill. I think we did the

507
00:25:44,880 --> 00:25:47,119
Speaker 2: twenty eighteen farm bill and we just extended that one

508
00:25:47,160 --> 00:25:50,400
Speaker 2: because it goes every five years. But the idea here

509
00:25:50,480 --> 00:25:53,439
Speaker 2: is you know, the idea it's it seeks to remedy

510
00:25:53,480 --> 00:25:55,600
Speaker 2: is to support the little farmers. Well, it doesn't because

511
00:25:55,760 --> 00:25:58,120
Speaker 2: they widen the loopholes to make the mega farms exploit

512
00:25:58,119 --> 00:26:01,080
Speaker 2: the commodity and crop insurance subsidies through they can even

513
00:26:01,119 --> 00:26:03,119
Speaker 2: have like extended family members who never even worked on

514
00:26:03,200 --> 00:26:05,080
Speaker 2: the farm. Why not getting some of these credits, I guess.

515
00:26:05,119 --> 00:26:08,160
Speaker 2: And tried to eliminate a thirty year old rule preventing

516
00:26:08,200 --> 00:26:10,560
Speaker 2: big companies from receiving unlimited commodity payments.

517
00:26:10,600 --> 00:26:11,320
Speaker 3: That didn't work out.

518
00:26:11,920 --> 00:26:15,600
Speaker 2: And we talked about not funding SNAP during the shutdown,

519
00:26:16,080 --> 00:26:18,280
Speaker 2: and you know, there's two parts of the farm bill,

520
00:26:18,359 --> 00:26:20,280
Speaker 2: seventy six percent of the funding from that and when

521
00:26:20,280 --> 00:26:23,000
Speaker 2: the nutrition programs. But the one that people don't complain

522
00:26:23,000 --> 00:26:26,640
Speaker 2: about is a commodity and crop insurance that benefited the

523
00:26:26,720 --> 00:26:29,680
Speaker 2: largest operators out there consumed about seventy five about the

524
00:26:29,680 --> 00:26:32,440
Speaker 2: same amount of the farm program a portion about seventeen

525
00:26:32,480 --> 00:26:35,000
Speaker 2: billion dollars and twenty eighteen dollars, which is a hell

526
00:26:35,040 --> 00:26:36,520
Speaker 2: of a lot of money. And so when you do

527
00:26:36,560 --> 00:26:39,280
Speaker 2: this kind of stuff, it drives consolidation. It allows the

528
00:26:39,320 --> 00:26:42,760
Speaker 2: big fish to eat the literal little fish. We call

529
00:26:42,800 --> 00:26:45,200
Speaker 2: it capitalism, but it really isn't because the government is

530
00:26:45,200 --> 00:26:49,600
Speaker 2: picking winners and losers here, and so we see small

531
00:26:49,640 --> 00:26:51,879
Speaker 2: family farms get gobbled up. As that's where we're at

532
00:26:51,960 --> 00:26:55,440
Speaker 2: right now. If you're into such you know, John Mellencamp

533
00:26:55,520 --> 00:26:58,520
Speaker 2: kind of things, I suppose, But the idea here is

534
00:26:58,560 --> 00:27:02,040
Speaker 2: that you know, they also had the crop insurance program.

535
00:27:02,080 --> 00:27:04,080
Speaker 2: It doesn't really address the needs of starting you know,

536
00:27:04,320 --> 00:27:06,200
Speaker 2: there's other farmers out there, people are just farming for

537
00:27:06,240 --> 00:27:09,800
Speaker 2: the first time, or organic farms, small scale operations alike,

538
00:27:09,840 --> 00:27:12,119
Speaker 2: and it's just from what I understand, doesn't do anything

539
00:27:12,119 --> 00:27:15,040
Speaker 2: to address any of that stuff. So I you know,

540
00:27:15,280 --> 00:27:17,720
Speaker 2: you're going to have one side again if the difference

541
00:27:17,720 --> 00:27:22,240
Speaker 2: between a terrorist and a patriot or someone who sees,

542
00:27:22,400 --> 00:27:25,000
Speaker 2: you know, any government interaction of socialism, whether that's true

543
00:27:25,080 --> 00:27:27,880
Speaker 2: or not. But this looks like a lot like certainly

544
00:27:27,880 --> 00:27:30,840
Speaker 2: with the bigger companies out there that we're buying parts

545
00:27:30,880 --> 00:27:33,720
Speaker 2: of that's literally the definition of socialism. But this one

546
00:27:33,760 --> 00:27:36,320
Speaker 2: is like, it's more bailout. So you know, if the

547
00:27:36,440 --> 00:27:39,000
Speaker 2: if the administration is even admitting, hey, these these tariffs

548
00:27:39,000 --> 00:27:40,720
Speaker 2: aren't working like we thought, so now we've got to

549
00:27:40,720 --> 00:27:43,720
Speaker 2: bail out farmers. So they'll continue to support our administration

550
00:27:43,880 --> 00:27:47,200
Speaker 2: and our clause. That's all well and good, but one

551
00:27:47,320 --> 00:27:50,040
Speaker 2: just like the college bailout, may wonder, well, I'm not

552
00:27:50,080 --> 00:27:54,439
Speaker 2: a farmer, which is most of us. No disrespect to farmers,

553
00:27:54,480 --> 00:27:56,320
Speaker 2: because we all like to eat and drink, and everything

554
00:27:56,359 --> 00:27:58,880
Speaker 2: we get is from you know, basically, consumables come from

555
00:27:58,920 --> 00:28:01,760
Speaker 2: farms in some way, shape or form. From the corn

556
00:28:01,840 --> 00:28:03,360
Speaker 2: we eat to the pop we drink. It's all got

557
00:28:03,359 --> 00:28:05,199
Speaker 2: corn and it so he means and everything else, and

558
00:28:05,280 --> 00:28:07,000
Speaker 2: we close the markets off to the rest of the world.

559
00:28:07,040 --> 00:28:10,240
Speaker 2: So now we have to take money and give it

560
00:28:10,280 --> 00:28:12,960
Speaker 2: to them to bail them out. And so what industry's

561
00:28:13,000 --> 00:28:15,199
Speaker 2: dext if we got two hundred billion to hand out.

562
00:28:15,359 --> 00:28:18,080
Speaker 2: It seems like this is just another level of government

563
00:28:18,119 --> 00:28:19,480
Speaker 2: that I thought we're trying to get rid of. That

564
00:28:19,560 --> 00:28:22,119
Speaker 2: government doesn't solve all problems, it creates more problems. Well,

565
00:28:22,400 --> 00:28:25,040
Speaker 2: the twenty eighteen farm Bill in this latest ballout is

566
00:28:25,080 --> 00:28:28,840
Speaker 2: indicative of that being one hundred percent correct. I'm willing

567
00:28:28,880 --> 00:28:31,760
Speaker 2: to give tariffs a try, and certainly it sounded good

568
00:28:31,760 --> 00:28:34,240
Speaker 2: at the beginning. I had some doubts and skepticism, healthy

569
00:28:34,240 --> 00:28:35,960
Speaker 2: skepticism of that, but I want to see. You know

570
00:28:36,080 --> 00:28:39,160
Speaker 2: the plan either orks it doesn't work so far. You know,

571
00:28:39,200 --> 00:28:41,520
Speaker 2: eleven months in this almost a full year quarter of

572
00:28:41,560 --> 00:28:45,320
Speaker 2: the term, it really is not looking like what it's

573
00:28:45,320 --> 00:28:50,480
Speaker 2: supposed to do at this point. So yeah, we'll see

574
00:28:50,480 --> 00:28:52,800
Speaker 2: what happens. But I don't think that the administration is

575
00:28:52,800 --> 00:28:54,960
Speaker 2: going to change their tune anytime soon. I'll just continue

576
00:28:55,000 --> 00:28:55,600
Speaker 2: to do that now.

577
00:28:55,680 --> 00:28:55,880
Speaker 5: You know.

578
00:28:55,960 --> 00:28:58,440
Speaker 2: Again, the measuring stick here is I always look at

579
00:28:58,520 --> 00:29:01,120
Speaker 2: the other side, whether it's a when a Democrat does something,

580
00:29:01,160 --> 00:29:03,120
Speaker 2: I look at the reaction to Republicans and vice versa

581
00:29:03,160 --> 00:29:06,800
Speaker 2: in this case and go, Okay, when Democrats are doing

582
00:29:06,800 --> 00:29:08,760
Speaker 2: this kind of stuff, did Republicans call them out? And

583
00:29:08,800 --> 00:29:12,520
Speaker 2: it would be absolutely yes. And when you do, when

584
00:29:12,560 --> 00:29:15,120
Speaker 2: you could, when you do what the guy you're against

585
00:29:15,520 --> 00:29:18,760
Speaker 2: is doing in different ways but largely the same. And

586
00:29:18,880 --> 00:29:21,440
Speaker 2: these ballots, I think you got to call their bs

587
00:29:21,520 --> 00:29:24,160
Speaker 2: on it, which is what I'm doing today, calling out

588
00:29:24,360 --> 00:29:28,040
Speaker 2: that BS. We got weather in news, and I know

589
00:29:28,080 --> 00:29:29,640
Speaker 2: we've got some weather. I don't think it's going to

590
00:29:29,680 --> 00:29:32,800
Speaker 2: be that bad quite honestly. You know, we're gonna get

591
00:29:32,800 --> 00:29:34,720
Speaker 2: little wet snow and mixing. And we'll get the full

592
00:29:34,760 --> 00:29:36,960
Speaker 2: details here in just a second, but people already flipping

593
00:29:36,960 --> 00:29:39,240
Speaker 2: out because we just had that early winter storm not

594
00:29:39,280 --> 00:29:41,280
Speaker 2: too long ago, and it's nice to seeing it come

595
00:29:41,280 --> 00:29:41,880
Speaker 2: back from the weekend.

596
00:29:41,960 --> 00:29:42,880
Speaker 3: The snow is all malted.

597
00:29:42,920 --> 00:29:45,560
Speaker 2: That's what I love about our town, the fact that

598
00:29:45,560 --> 00:29:48,040
Speaker 2: the snow comes, it really doesn't stick around all that.

599
00:29:48,080 --> 00:29:52,360
Speaker 2: It's not really a persistent snow, not at all. So

600
00:29:53,000 --> 00:29:54,680
Speaker 2: we'll have that to factor in as we at the

601
00:29:54,720 --> 00:29:57,160
Speaker 2: end of weekend. Actually is looking all right cooler. I'm

602
00:29:57,160 --> 00:29:59,640
Speaker 2: cold obviously, but looks like we're going to dry out

603
00:29:59,640 --> 00:30:01,720
Speaker 2: over the weeks. Anyway, coming up on the show on

604
00:30:01,760 --> 00:30:04,479
Speaker 2: seven hundred WW she is the president of the Hamlin

605
00:30:04,520 --> 00:30:07,240
Speaker 2: County Commissioner and that would be Denise Treehouse. Back on

606
00:30:07,360 --> 00:30:10,680
Speaker 2: last week, I had Commissioner Alisha reeson and she lobbed

607
00:30:10,720 --> 00:30:14,000
Speaker 2: as she does. She brings the noise, all right, she's

608
00:30:14,040 --> 00:30:16,920
Speaker 2: on its fire. Well, Denise three House heard some of

609
00:30:17,040 --> 00:30:20,280
Speaker 2: Alicia Reese's comments and conversations. One of the big ones,

610
00:30:20,320 --> 00:30:22,960
Speaker 2: of course, was that we're swimming in cash, that the

611
00:30:23,000 --> 00:30:26,360
Speaker 2: county has all sorts of money. We are, we got

612
00:30:26,520 --> 00:30:28,920
Speaker 2: roller I think Realisia said we rolling in money, We

613
00:30:29,080 --> 00:30:32,840
Speaker 2: rolling in money. I think Commissioner dree House is going

614
00:30:32,920 --> 00:30:35,000
Speaker 2: to go I don't know where she's getting that from.

615
00:30:35,440 --> 00:30:37,880
Speaker 2: Here are the facts. So, as you know, Hamlin County

616
00:30:37,880 --> 00:30:40,640
Speaker 2: Commissioners just approved a four and a half percent property

617
00:30:40,640 --> 00:30:43,200
Speaker 2: tax rebate for twenty twenty six. That is the low

618
00:30:43,320 --> 00:30:45,720
Speaker 2: because we're promised what thirty percent back in the nineties

619
00:30:45,760 --> 00:30:49,719
Speaker 2: when we're building stadiums for a while, got thirty percent.

620
00:30:49,920 --> 00:30:52,440
Speaker 2: Now that thirty percent is long gone. She says, we

621
00:30:52,480 --> 00:30:54,680
Speaker 2: just simply don't have the money to be able to

622
00:30:54,720 --> 00:30:58,560
Speaker 2: do that. That's not it's not feasible. But four and

623
00:30:58,600 --> 00:31:01,200
Speaker 2: a half percent is the lawst number we've ever seen.

624
00:31:02,800 --> 00:31:04,840
Speaker 2: She's going to come on and talk about other ways

625
00:31:04,840 --> 00:31:08,120
Speaker 2: to get that money back to taxpayers and make you whole.

626
00:31:08,200 --> 00:31:12,160
Speaker 2: At the same time, today approving the buildout for pay

627
00:31:12,200 --> 00:31:16,000
Speaker 2: Course Stadium, and one may ask, okay, well, why didn't

628
00:31:16,000 --> 00:31:17,640
Speaker 2: we simply go back to the Bengals and go this

629
00:31:17,720 --> 00:31:20,080
Speaker 2: is what was promised on your behalf. How do we

630
00:31:20,120 --> 00:31:22,560
Speaker 2: make the taxpayers the proper owners whole?

631
00:31:22,720 --> 00:31:24,480
Speaker 3: Good question. Denise's three House.

632
00:31:24,520 --> 00:31:26,000
Speaker 2: Next on The Scott Sloan Show and the home of

633
00:31:26,000 --> 00:31:31,400
Speaker 2: the best Bengals coverage seven hundred WW Cincinnati Manican, My.

634
00:31:31,560 --> 00:31:33,880
Speaker 3: Scott's Flown back on seven hundred W heals it.

635
00:31:33,960 --> 00:31:36,120
Speaker 2: And so we heard the news that last week, how

636
00:31:36,120 --> 00:31:38,840
Speaker 2: many kind of commissioners four and a half percent property

637
00:31:38,920 --> 00:31:42,040
Speaker 2: tax rebate for next year. Of course, we all remember

638
00:31:42,080 --> 00:31:44,440
Speaker 2: the thirty percent promise when voters approved the half cent

639
00:31:44,520 --> 00:31:46,800
Speaker 2: sales tax increased back in the mid nineties to fund

640
00:31:46,800 --> 00:31:50,600
Speaker 2: the stadiums downtown. Was also finding out that that's the

641
00:31:50,640 --> 00:31:53,120
Speaker 2: lowest number we've had as far as a rebate goes. Now,

642
00:31:53,200 --> 00:31:56,080
Speaker 2: the vote two to one. Commissioner Alisia Reese was dissenting

643
00:31:57,040 --> 00:32:02,360
Speaker 2: supporting it. Of course we're count we're our commissioner's Denise Treehouse,

644
00:32:02,400 --> 00:32:04,960
Speaker 2: the Hamlet County Commissioned President, who joins us now on

645
00:32:05,000 --> 00:32:07,000
Speaker 2: the show to talk about it on seven hundred WW

646
00:32:07,120 --> 00:32:08,560
Speaker 2: Welcome back Denise Hau's life.

647
00:32:09,200 --> 00:32:10,840
Speaker 6: Yeah, doing well, Scott, how are you?

648
00:32:11,120 --> 00:32:12,120
Speaker 3: I'm good. I'm good.

649
00:32:12,160 --> 00:32:14,560
Speaker 2: I know you've got sexy budget meetings to get to

650
00:32:14,640 --> 00:32:17,440
Speaker 2: and everything else because you're a numbers chick. So God

651
00:32:17,440 --> 00:32:20,720
Speaker 2: bless you, God speed. You're better than I'm at that stuff.

652
00:32:21,640 --> 00:32:26,720
Speaker 2: So let's look at and you know, your contemporary, Lisha

653
00:32:26,760 --> 00:32:28,320
Speaker 2: Reese was on the show last week, and I know

654
00:32:28,360 --> 00:32:29,720
Speaker 2: you had some things you wanted to get off your

655
00:32:29,800 --> 00:32:33,120
Speaker 2: chest relative to that conversation without playing all the highlights

656
00:32:33,160 --> 00:32:36,160
Speaker 2: of that. But you know, you've been in county government

657
00:32:36,240 --> 00:32:38,920
Speaker 2: and been around long enough to remember the ninety six

658
00:32:39,080 --> 00:32:41,520
Speaker 2: stadium campaign, and looking back, do you think voters were

659
00:32:41,560 --> 00:32:44,360
Speaker 2: given an honest picture of what that thirty percent property

660
00:32:44,360 --> 00:32:46,520
Speaker 2: taxtorybit it actually mean? Or was there some bait and

661
00:32:46,520 --> 00:32:49,520
Speaker 2: switch happening, Because I think if you surveyed, most taxpayers

662
00:32:49,520 --> 00:32:51,920
Speaker 2: who were around then feel that there was a bait

663
00:32:51,920 --> 00:32:53,040
Speaker 2: and switch and it was intentional.

664
00:32:53,200 --> 00:32:55,800
Speaker 6: Was your thoughts, Well, I'll tell you what I did

665
00:32:55,840 --> 00:32:58,360
Speaker 6: want to come on just to correct some things. I mean,

666
00:32:58,400 --> 00:33:01,160
Speaker 6: we can all have differences of opinion about what happened

667
00:33:01,160 --> 00:33:03,800
Speaker 6: and why it happened, but the fact of the facts,

668
00:33:03,800 --> 00:33:06,640
Speaker 6: and so I didn't want to have your listeners come

669
00:33:06,680 --> 00:33:09,400
Speaker 6: away with the wrong impression on what has happened in

670
00:33:09,440 --> 00:33:13,160
Speaker 6: the past. And so, as you say, starting out, when

671
00:33:13,200 --> 00:33:16,320
Speaker 6: this thing was offered to the tax payers, there was

672
00:33:16,320 --> 00:33:18,760
Speaker 6: a sales tax and then the rebate, and for the

673
00:33:18,800 --> 00:33:22,920
Speaker 6: first fourteen years they did a thirty percent they I mean,

674
00:33:23,000 --> 00:33:26,440
Speaker 6: they promised it and they did it. But what happened

675
00:33:26,600 --> 00:33:30,400
Speaker 6: was the sales tax that was collected. It didn't keep

676
00:33:30,480 --> 00:33:33,880
Speaker 6: up the revenue did not keep up with making sure

677
00:33:33,920 --> 00:33:35,880
Speaker 6: that we meet the obligations of the fund, with the

678
00:33:35,920 --> 00:33:38,400
Speaker 6: debt service and the pilot and all the things, maintenance

679
00:33:38,440 --> 00:33:41,160
Speaker 6: of the stadiums, all the things, and the PPR, and

680
00:33:41,240 --> 00:33:44,920
Speaker 6: so back in twenty eleven you saw a significant dip

681
00:33:44,960 --> 00:33:47,840
Speaker 6: from thirty down to seven point eight. And so this

682
00:33:47,920 --> 00:33:49,960
Speaker 6: ebb and flow has been going on for a while,

683
00:33:50,240 --> 00:33:53,840
Speaker 6: depending on what can be afforded through this fund, right,

684
00:33:54,160 --> 00:33:57,640
Speaker 6: and so a number of years ago, probably three four

685
00:33:57,720 --> 00:34:01,719
Speaker 6: years ago, the administrator offered a formula that said we

686
00:34:01,760 --> 00:34:04,520
Speaker 6: need to keep about eighty five percent in the reserve. Okay,

687
00:34:04,560 --> 00:34:08,280
Speaker 6: that's responsible, that's what's been advised by our consultants. That's great.

688
00:34:08,880 --> 00:34:10,959
Speaker 6: So let's create a formula where we keep the eighty

689
00:34:10,960 --> 00:34:13,920
Speaker 6: five percent and then do the rebate according to that.

690
00:34:14,320 --> 00:34:17,040
Speaker 6: And so that's something that would have offered us the

691
00:34:17,080 --> 00:34:19,760
Speaker 6: ability to give a rebate. Wouldn't have been the thirty

692
00:34:19,800 --> 00:34:22,319
Speaker 6: but it would have been a starting point. And then

693
00:34:22,360 --> 00:34:24,759
Speaker 6: each year try to go up a little bit for

694
00:34:25,000 --> 00:34:28,400
Speaker 6: the property tax owners or the property tax payers. And

695
00:34:28,680 --> 00:34:30,840
Speaker 6: we haven't stuck to the formula, and so when you

696
00:34:30,920 --> 00:34:34,719
Speaker 6: do the thirty percent, it flows up the formula, and

697
00:34:34,760 --> 00:34:36,680
Speaker 6: you can't afford to do that year after year.

698
00:34:38,120 --> 00:34:38,439
Speaker 1: I guess.

699
00:34:38,480 --> 00:34:40,000
Speaker 2: And the other way of looking at this too then

700
00:34:40,040 --> 00:34:43,400
Speaker 2: would be, Okay, well, we have money for the homeless,

701
00:34:43,400 --> 00:34:46,120
Speaker 2: We're going to give deputies a five percent increase. There's

702
00:34:46,200 --> 00:34:48,359
Speaker 2: other things in the budget against not just the one thing,

703
00:34:48,400 --> 00:34:51,120
Speaker 2: but I guess the taxpa mask Okay, I understand all that.

704
00:34:51,120 --> 00:34:53,799
Speaker 2: Then why isn't this a bigger priority or based on

705
00:34:53,880 --> 00:34:56,600
Speaker 2: the Matthew just described, it's impossible.

706
00:34:57,680 --> 00:35:01,360
Speaker 6: Well, no, I think the priority is providing relief for

707
00:35:01,719 --> 00:35:04,920
Speaker 6: property owners, and we are doing that. This isn't the

708
00:35:04,960 --> 00:35:07,200
Speaker 6: only game in town when it comes to how to

709
00:35:07,200 --> 00:35:10,440
Speaker 6: provide property tax relief, and so let's not forget about

710
00:35:10,440 --> 00:35:12,960
Speaker 6: what's going on in the legislature. I did sit on

711
00:35:13,000 --> 00:35:16,120
Speaker 6: Governor DeWine's pass force with bill sits trying to come

712
00:35:16,200 --> 00:35:18,880
Speaker 6: up with some ideas to provide relief. We had twenty

713
00:35:18,960 --> 00:35:22,480
Speaker 6: suggestions for the legislature and some for ourselves, and so

714
00:35:22,600 --> 00:35:25,160
Speaker 6: we are starting to implement some of that. Not the

715
00:35:25,280 --> 00:35:27,479
Speaker 6: lease of which it is House Bill three thirty five,

716
00:35:27,680 --> 00:35:31,600
Speaker 6: which says that our revenue, the county's revenue, will be

717
00:35:31,760 --> 00:35:34,600
Speaker 6: held our inside millage will be held to the rate

718
00:35:34,640 --> 00:35:38,160
Speaker 6: of inflation. That is a reduction in revenue for the

719
00:35:38,200 --> 00:35:41,439
Speaker 6: county and relief to the taxpayers, and so you will

720
00:35:41,480 --> 00:35:43,759
Speaker 6: not see the spikes that we have seen in the

721
00:35:43,800 --> 00:35:47,120
Speaker 6: past for property tax bills because we're going to be

722
00:35:47,160 --> 00:35:49,399
Speaker 6: held to the rate of inflation. We're taking a hit

723
00:35:49,480 --> 00:35:52,160
Speaker 6: on that. It's probably about fifteen million a year, but

724
00:35:52,280 --> 00:35:54,320
Speaker 6: we're willing to do that as part of the solution.

725
00:35:54,840 --> 00:35:57,560
Speaker 6: So it's not as if the county is not working

726
00:35:57,600 --> 00:36:00,600
Speaker 6: on property tax relief. We're giving some relief by the

727
00:36:00,600 --> 00:36:03,440
Speaker 6: way through the PTR. It's just is not as much

728
00:36:03,719 --> 00:36:06,400
Speaker 6: as the thirty percent. So there are other ways to

729
00:36:06,440 --> 00:36:08,520
Speaker 6: provide this release outside the PPR.

730
00:36:09,040 --> 00:36:11,799
Speaker 2: So it would be a messaging kind of thing. Is

731
00:36:11,800 --> 00:36:13,440
Speaker 2: that what you're saying is you're going to get the

732
00:36:13,440 --> 00:36:15,120
Speaker 2: money back, it just won't be in the thirty percent

733
00:36:15,160 --> 00:36:16,520
Speaker 2: property tax rebate.

734
00:36:17,520 --> 00:36:19,719
Speaker 6: Well, we're always trying to look at for the tax

735
00:36:19,760 --> 00:36:23,640
Speaker 6: players and do as little increase as possible. But as

736
00:36:23,680 --> 00:36:26,759
Speaker 6: I said, we've got partners in this fight here right

737
00:36:26,800 --> 00:36:29,160
Speaker 6: in the state. I wish the state were doing more candidly,

738
00:36:30,000 --> 00:36:32,120
Speaker 6: but we are doing our part. And we didn't have

739
00:36:32,160 --> 00:36:35,160
Speaker 6: to support House build three thirty five, but we did

740
00:36:35,160 --> 00:36:36,920
Speaker 6: that knowing that we were going to take a cut

741
00:36:37,680 --> 00:36:39,640
Speaker 6: because we thought it was an important thing to do

742
00:36:39,760 --> 00:36:42,000
Speaker 6: by way of the county to provide some relief to

743
00:36:42,040 --> 00:36:45,440
Speaker 6: people that are struggling. And let me say one other thing,

744
00:36:45,480 --> 00:36:48,799
Speaker 6: because I heard it said that the tax players got

745
00:36:48,840 --> 00:36:54,400
Speaker 6: written out of the Stadi Impact Seal, the opposite is true.

746
00:36:54,560 --> 00:36:59,359
Speaker 6: The financial plan actually ensured that the PTR remains in

747
00:36:59,400 --> 00:37:02,400
Speaker 6: the formula in the equation. It's a matter of degree,

748
00:37:02,400 --> 00:37:05,280
Speaker 6: and that's always what we fight about. But we literally

749
00:37:05,360 --> 00:37:08,960
Speaker 6: wrote it into the least negotiations with the bangles in

750
00:37:09,000 --> 00:37:11,960
Speaker 6: the financial stack, and so we didn't write it out.

751
00:37:12,040 --> 00:37:14,920
Speaker 6: We literally wrote it in to the financial stack.

752
00:37:15,320 --> 00:37:18,000
Speaker 2: Could the thirty percent rebate have been part of the

753
00:37:18,239 --> 00:37:20,640
Speaker 2: new stadium deal the two hundred and eleven millions, which,

754
00:37:20,760 --> 00:37:22,440
Speaker 2: by the way, I think you're voting on today.

755
00:37:23,320 --> 00:37:25,120
Speaker 6: Well, it is part of it. As I said, it's

756
00:37:25,120 --> 00:37:27,400
Speaker 6: just a matter of degree. The PTR is in there.

757
00:37:27,680 --> 00:37:31,200
Speaker 6: It's just the thirty percent abbs and flows given the

758
00:37:31,280 --> 00:37:34,080
Speaker 6: amount of revenue that's coming into that fun Okay.

759
00:37:34,200 --> 00:37:37,000
Speaker 2: So what would then have find in subsequent years to

760
00:37:37,040 --> 00:37:39,440
Speaker 2: ease three house? What can people expect as far as.

761
00:37:39,280 --> 00:37:42,360
Speaker 6: A rebakers, Well, what I would like to do is

762
00:37:42,400 --> 00:37:44,960
Speaker 6: again go back to this formula and say we are

763
00:37:45,000 --> 00:37:47,080
Speaker 6: going to do as much as we can and hopefully

764
00:37:47,280 --> 00:37:50,319
Speaker 6: increase it year after year, so people always see that

765
00:37:50,400 --> 00:37:53,080
Speaker 6: kind of increase. The other thing it does is structure

766
00:37:53,200 --> 00:37:55,959
Speaker 6: something where it's more predictable and so that you should

767
00:37:56,000 --> 00:37:57,279
Speaker 6: see the chart. I don't know if you've seen the

768
00:37:57,360 --> 00:38:00,000
Speaker 6: chart where it goes up and down and up and down,

769
00:38:00,040 --> 00:38:03,680
Speaker 6: and they're dramatic shifts, and so, I you know, I'm

770
00:38:03,719 --> 00:38:06,000
Speaker 6: a tax player. I would rather see something that is

771
00:38:06,320 --> 00:38:08,640
Speaker 6: something I can count on and that I can budget for.

772
00:38:09,040 --> 00:38:13,200
Speaker 6: And we're talking about maybe the delta between the four

773
00:38:13,239 --> 00:38:15,680
Speaker 6: point five that was voted this year in the thirty

774
00:38:16,000 --> 00:38:19,240
Speaker 6: is about seventy bucks. So we're not talking about hundreds

775
00:38:19,280 --> 00:38:21,960
Speaker 6: of dollars. I know, seventy dollars is just a significant

776
00:38:21,960 --> 00:38:24,880
Speaker 6: amount of money, but when it comes to your household budget,

777
00:38:25,480 --> 00:38:26,600
Speaker 6: that's what we're talking about.

778
00:38:26,719 --> 00:38:29,080
Speaker 2: Well, but if you're a senior fixed income people on

779
00:38:29,120 --> 00:38:30,840
Speaker 2: the margins, we are plenty of those people that are

780
00:38:30,880 --> 00:38:33,160
Speaker 2: afraid they can't pay their property taxes because what the

781
00:38:33,200 --> 00:38:36,319
Speaker 2: state's doing, and of course the reassessments and like you

782
00:38:36,360 --> 00:38:39,600
Speaker 2: had this in there as well, and you know, eventually

783
00:38:39,680 --> 00:38:41,080
Speaker 2: it's going to be a breaking point. I know, it's

784
00:38:41,120 --> 00:38:43,920
Speaker 2: just seventy dollars. There's some people that seventy dollars there's

785
00:38:43,920 --> 00:38:44,640
Speaker 2: a lot of money though.

786
00:38:45,160 --> 00:38:48,239
Speaker 6: Yeah, I agreed, and so we're trying to provide that

787
00:38:48,320 --> 00:38:50,640
Speaker 6: relief another way. As I said, the PTR is not

788
00:38:50,760 --> 00:38:53,480
Speaker 6: the only way to get this done, and so we're

789
00:38:53,520 --> 00:38:57,439
Speaker 6: providing the release through these other mechanisms. And by the way,

790
00:38:57,440 --> 00:39:02,359
Speaker 6: they're longer term, right untill three thirty five, is ongoing.

791
00:39:02,520 --> 00:39:05,839
Speaker 6: It's not something that's decided year after year. It's going

792
00:39:05,920 --> 00:39:07,880
Speaker 6: to be lost, and so we will be held to

793
00:39:07,920 --> 00:39:10,919
Speaker 6: the rate of inflation, and so that release will be

794
00:39:11,400 --> 00:39:14,080
Speaker 6: ongoing and so we won't have this debate every year.

795
00:39:14,320 --> 00:39:15,400
Speaker 6: That will stay in place.

796
00:39:16,520 --> 00:39:19,839
Speaker 2: Commissioner Denise Treehouse, President the Commission, and talking about the

797
00:39:19,920 --> 00:39:22,759
Speaker 2: meeting today, the vote today two hundred and eleven for

798
00:39:23,000 --> 00:39:25,640
Speaker 2: pay Corps. We also had word that it's only a

799
00:39:25,640 --> 00:39:27,879
Speaker 2: four and a half percent property tax rebate for next

800
00:39:27,960 --> 00:39:30,920
Speaker 2: year instead of the thirty percent promise, and we approve

801
00:39:31,000 --> 00:39:34,880
Speaker 2: the ninety six stadium front buildout. So the truth is

802
00:39:34,880 --> 00:39:36,719
Speaker 2: then going to be somewhere between four and a half

803
00:39:36,760 --> 00:39:42,279
Speaker 2: and thirty percent. With all these ways of finance are

804
00:39:42,280 --> 00:39:44,480
Speaker 2: getting that money back to taxpayers? Denise, Are we ever

805
00:39:44,520 --> 00:39:46,359
Speaker 2: going to get close to thirty Because while the four

806
00:39:46,400 --> 00:39:48,720
Speaker 2: and a half percent right now, especially with the new deal,

807
00:39:49,239 --> 00:39:52,000
Speaker 2: is bad timing on the part Forer, I think for

808
00:39:52,080 --> 00:39:53,920
Speaker 2: a lot of homeowners and taxpayers, do you.

809
00:39:53,920 --> 00:39:57,160
Speaker 6: Agree, Well, you know, Scott, I have voted for thirty

810
00:39:57,320 --> 00:40:00,840
Speaker 6: in the past, so when we could have I voted

811
00:40:00,840 --> 00:40:03,840
Speaker 6: for it, and when I thought it was necessary for

812
00:40:04,000 --> 00:40:07,919
Speaker 6: the tax players, I did it. The fact of the matter, though,

813
00:40:08,080 --> 00:40:10,399
Speaker 6: is that you can't sustain that. You can do it,

814
00:40:10,760 --> 00:40:13,720
Speaker 6: but you can't keep doing it because then you bankrupt

815
00:40:13,760 --> 00:40:16,000
Speaker 6: the fund. So if we were to do a thirty

816
00:40:16,000 --> 00:40:19,359
Speaker 6: percent this year the vote we just took, we would

817
00:40:19,400 --> 00:40:23,879
Speaker 6: have reduced the fund dramatically, and so that hurts the fund.

818
00:40:23,880 --> 00:40:25,760
Speaker 6: By the way we're supposed to keep eighty five percent,

819
00:40:25,840 --> 00:40:28,080
Speaker 6: we would have been way way down. The other piece

820
00:40:28,120 --> 00:40:30,520
Speaker 6: of that, though, is that it impacts next year, and

821
00:40:30,560 --> 00:40:32,920
Speaker 6: so if you do the thirty percent this year, then

822
00:40:32,960 --> 00:40:35,080
Speaker 6: you're in trouble next year. And that's what's happened. We

823
00:40:35,120 --> 00:40:37,000
Speaker 6: did thirty percent last year, and I didn't vote for

824
00:40:37,040 --> 00:40:39,719
Speaker 6: that because I didn't think it was responsible, and so

825
00:40:39,800 --> 00:40:41,480
Speaker 6: now we're in a position this year, well, we can't

826
00:40:41,520 --> 00:40:44,160
Speaker 6: do it again, so you know, year after year it

827
00:40:44,239 --> 00:40:46,360
Speaker 6: all plays upun This is why I'm in favor of

828
00:40:46,440 --> 00:40:49,439
Speaker 6: this formula. So we don't have this dynamic where we've

829
00:40:49,480 --> 00:40:51,040
Speaker 6: got thirty percent and then we got to go to

830
00:40:51,040 --> 00:40:53,040
Speaker 6: four point five. I mean, yeah, do I wish it

831
00:40:53,080 --> 00:40:55,960
Speaker 6: was higher? Yes, I do, but you know, we're looking

832
00:40:56,040 --> 00:40:58,600
Speaker 6: at the finances as fund and not bankrupting the fund.

833
00:40:59,440 --> 00:41:02,040
Speaker 6: So it is what it is. And I also was

834
00:41:02,480 --> 00:41:06,280
Speaker 6: listening and heard that this idea that the tack players

835
00:41:06,320 --> 00:41:09,560
Speaker 6: didn't get anything through the new lease with the Bengals,

836
00:41:09,600 --> 00:41:12,440
Speaker 6: and nothing could be further from the truth. Where we

837
00:41:12,520 --> 00:41:14,720
Speaker 6: got the Bengals to pay one hundred and twenty million

838
00:41:14,800 --> 00:41:18,800
Speaker 6: dollars into our asset, which is that stadium, we capped

839
00:41:18,840 --> 00:41:20,960
Speaker 6: our cost to three hundred and fifty million, which has

840
00:41:21,000 --> 00:41:23,520
Speaker 6: never happened, and we got a long term deal with

841
00:41:23,600 --> 00:41:27,520
Speaker 6: the Bengals, and we got used of that stadium like

842
00:41:27,719 --> 00:41:29,759
Speaker 6: in a way that we never do, right. And so

843
00:41:29,840 --> 00:41:32,640
Speaker 6: then we get to have high school football games between

844
00:41:32,640 --> 00:41:34,680
Speaker 6: Elder and ex played at the stadium. So let's not

845
00:41:34,760 --> 00:41:39,000
Speaker 6: forget about the community benefits that came through that lease.

846
00:41:39,320 --> 00:41:43,120
Speaker 6: In addition to the financial benefits that we got as accounting.

847
00:41:42,800 --> 00:41:43,480
Speaker 3: Well we need to have.

848
00:41:43,800 --> 00:41:45,800
Speaker 2: I mean, that's all nice for Saint exe and Elder,

849
00:41:45,840 --> 00:41:49,160
Speaker 2: but why aren't we using the stadium more? I thought

850
00:41:49,200 --> 00:41:51,879
Speaker 2: initially when this happened, that we'd see a lot more

851
00:41:51,920 --> 00:41:56,359
Speaker 2: activity outside the occasional Taylor Swift show, a lot more

852
00:41:56,360 --> 00:41:58,239
Speaker 2: of what we're talking about with football. Why does it

853
00:41:58,280 --> 00:42:00,759
Speaker 2: take well, twenty eight years in this thing and now

854
00:42:00,760 --> 00:42:03,000
Speaker 2: we're going, hey, we need to utilize the stadium more

855
00:42:03,000 --> 00:42:04,840
Speaker 2: for high school athletics. Why haven't we been doing that

856
00:42:04,880 --> 00:42:05,200
Speaker 2: all along?

857
00:42:05,960 --> 00:42:08,319
Speaker 6: Because we didn't have control of the city, because the

858
00:42:08,400 --> 00:42:11,680
Speaker 6: county didn't have control. And so through this new lease,

859
00:42:12,000 --> 00:42:15,400
Speaker 6: we now have access to that stadium as we should.

860
00:42:15,440 --> 00:42:18,000
Speaker 6: It belongs to the tax players, and so we had

861
00:42:18,040 --> 00:42:20,799
Speaker 6: seen the first model of how that's going to play

862
00:42:20,800 --> 00:42:22,840
Speaker 6: out in the years to come, where we do have

863
00:42:22,880 --> 00:42:24,960
Speaker 6: more concerts, we have more events, we have more high

864
00:42:25,000 --> 00:42:27,600
Speaker 6: school football games. That was the whole point of the

865
00:42:27,640 --> 00:42:31,080
Speaker 6: community benefits agreement, and so the Bengals signed off on that,

866
00:42:31,239 --> 00:42:33,920
Speaker 6: and so this was our first foray into that. I

867
00:42:33,920 --> 00:42:35,800
Speaker 6: thought it was a good model. It was beautiful nights,

868
00:42:35,880 --> 00:42:38,400
Speaker 6: even though it was a little rainy, but yet and

869
00:42:38,440 --> 00:42:40,560
Speaker 6: look to that in the future. That's exactly what we're

870
00:42:40,560 --> 00:42:42,800
Speaker 6: trying to accomplish.

871
00:42:42,880 --> 00:42:44,799
Speaker 2: Yeah, but one may look at that and go wow,

872
00:42:44,840 --> 00:42:48,120
Speaker 2: that is to not see the availability because that was

873
00:42:48,160 --> 00:42:50,279
Speaker 2: something else was promised people. It's like, hey, yeah, you

874
00:42:50,320 --> 00:42:52,440
Speaker 2: know the stadium that we're partners in this single bit

875
00:42:52,520 --> 00:42:54,480
Speaker 2: to use the stadium. We haven't been able to And

876
00:42:54,520 --> 00:42:56,400
Speaker 2: I think that's just another And I brought that up

877
00:42:56,400 --> 00:42:59,440
Speaker 2: to Denise because between that and the thirty percent, I

878
00:42:59,440 --> 00:43:03,200
Speaker 2: think there's a huge disconnect between elected officials like yourself,

879
00:43:03,280 --> 00:43:05,840
Speaker 2: certainly the Bengals in the front office, and what the

880
00:43:05,840 --> 00:43:08,960
Speaker 2: community wants and they you know, I think everyone's looking

881
00:43:09,040 --> 00:43:11,319
Speaker 2: at all of these deals and going Okay, I think

882
00:43:11,320 --> 00:43:13,760
Speaker 2: we're just going to get screwed again because the pattern

883
00:43:13,880 --> 00:43:15,920
Speaker 2: is there. How do you how do you change that

884
00:43:16,040 --> 00:43:18,560
Speaker 2: over the next ten, fifteen, twenty years.

885
00:43:18,840 --> 00:43:21,279
Speaker 6: Well, I wasn't there when this promise was made, by

886
00:43:21,320 --> 00:43:23,640
Speaker 6: the way, for this thirty percent, that happened many years ago,

887
00:43:23,960 --> 00:43:26,399
Speaker 6: and it wasn't a responsible promise. I mean, they had

888
00:43:26,440 --> 00:43:30,040
Speaker 6: no idea. By the way, the reason where I'm having

889
00:43:30,080 --> 00:43:33,319
Speaker 6: this conversation is because the revenue is a flat right,

890
00:43:33,640 --> 00:43:36,520
Speaker 6: if the sales tax revenue was higher, we'd be doing

891
00:43:36,520 --> 00:43:38,600
Speaker 6: all we'd be doing the thirty percent. We could afford it,

892
00:43:38,600 --> 00:43:41,000
Speaker 6: we'd do it. I supported. That would be great. That's

893
00:43:41,040 --> 00:43:44,360
Speaker 6: just not the reality. And so to promise this so

894
00:43:44,480 --> 00:43:48,440
Speaker 6: many years ago, for twenty five years, it's not responsible.

895
00:43:48,480 --> 00:43:49,319
Speaker 1: You shouldn't do that.

896
00:43:49,360 --> 00:43:52,200
Speaker 6: You can't budget like that because you don't know what

897
00:43:52,320 --> 00:43:54,520
Speaker 6: the economic reality is going to be. You don't want

898
00:43:54,560 --> 00:43:56,719
Speaker 6: know what the economy is going to be. So I

899
00:43:56,880 --> 00:43:59,919
Speaker 6: try not to make unrealistic promises to people. I try

900
00:43:59,920 --> 00:44:02,319
Speaker 6: to honor what I had said I could do and

901
00:44:02,520 --> 00:44:05,200
Speaker 6: try to do as much as possible. Whether it's thirty

902
00:44:05,200 --> 00:44:07,560
Speaker 6: percent or something less than that, we're trying to do

903
00:44:07,600 --> 00:44:09,960
Speaker 6: as much as possible. And I know something else that

904
00:44:10,080 --> 00:44:13,520
Speaker 6: was raised in your conversation was MFD, which is another

905
00:44:13,600 --> 00:44:17,319
Speaker 6: challenge for us because we're under the federal on you know,

906
00:44:17,360 --> 00:44:20,440
Speaker 6: it's a mandate from the federal government, the Consent Decree,

907
00:44:20,480 --> 00:44:22,920
Speaker 6: but it's not funded. It's an unfunded mandate, and so

908
00:44:22,960 --> 00:44:25,200
Speaker 6: we're under that. We've got a very old system, over

909
00:44:25,200 --> 00:44:26,960
Speaker 6: one hundred years old, you know, with the pipes in

910
00:44:27,000 --> 00:44:29,520
Speaker 6: the ground, and so we're trying to hold those rates

911
00:44:29,680 --> 00:44:33,399
Speaker 6: as tight as possible, knowing that our counterparts in other

912
00:44:33,480 --> 00:44:37,239
Speaker 6: counties are raised and rates higher than what's been suggested

913
00:44:37,280 --> 00:44:39,879
Speaker 6: for us. So Franklin County is up eight percent next year,

914
00:44:40,080 --> 00:44:43,320
Speaker 6: Akron's going up five percent, Tyahoga is going up fourteen

915
00:44:43,920 --> 00:44:46,080
Speaker 6: or four point two percent. So it's not like we're

916
00:44:46,120 --> 00:44:49,359
Speaker 6: alone in this. But what we're trying to do is say,

917
00:44:49,400 --> 00:44:51,640
Speaker 6: how can we keep these rates as low as possible

918
00:44:51,800 --> 00:44:55,160
Speaker 6: and again make it predictable. And so next year you're

919
00:44:55,200 --> 00:44:57,000
Speaker 6: going to see because we got rid of the bulk

920
00:44:57,040 --> 00:44:58,840
Speaker 6: discount and I know it's kind of in the weeds,

921
00:44:58,840 --> 00:45:01,399
Speaker 6: but anyway, we got to the ball discount. So next

922
00:45:01,480 --> 00:45:05,840
Speaker 6: year people will not see residents will not see higher

923
00:45:06,000 --> 00:45:08,520
Speaker 6: MSc rate and so that's good news, and you don't

924
00:45:08,560 --> 00:45:10,360
Speaker 6: hear anybody talking about that, but they we're about to

925
00:45:10,360 --> 00:45:13,400
Speaker 6: pass that budget too. In years after that, we're hoping

926
00:45:13,440 --> 00:45:16,399
Speaker 6: to have a fairly low predictable rate so that people

927
00:45:16,480 --> 00:45:19,520
Speaker 6: don't see spikes in those bills either. So you know,

928
00:45:19,600 --> 00:45:22,439
Speaker 6: it's not only this one issue. We're trying to play

929
00:45:22,480 --> 00:45:25,400
Speaker 6: this out across the board and provide as much relief

930
00:45:25,440 --> 00:45:28,080
Speaker 6: as we can, knowing that we're under some of these

931
00:45:28,120 --> 00:45:30,319
Speaker 6: mandates and we have to respond to those.

932
00:45:31,000 --> 00:45:34,919
Speaker 2: Commissioner Denise's Threehouse. Last week, Alicia Reese, Commissioner ree said

933
00:45:34,920 --> 00:45:36,960
Speaker 2: that the county's rolling in money. She told me, we're

934
00:45:37,040 --> 00:45:38,840
Speaker 2: rolling them out. We got money all over the place

935
00:45:38,840 --> 00:45:41,479
Speaker 2: with the banks and stadium revenues. You're saying we can't

936
00:45:41,480 --> 00:45:44,919
Speaker 2: fund a full rebate and thirty percent is it can't

937
00:45:44,920 --> 00:45:46,040
Speaker 2: be done, It's impossible.

938
00:45:47,440 --> 00:45:50,040
Speaker 3: Are we really rolling in money?

939
00:45:50,480 --> 00:45:53,279
Speaker 6: No, we are not rolling in money. I mean, we

940
00:45:53,360 --> 00:45:55,319
Speaker 6: have our budget here, and we have a budget here

941
00:45:55,360 --> 00:45:58,000
Speaker 6: in tonight as a matter of fact, and the revenues

942
00:45:58,000 --> 00:46:02,319
Speaker 6: are relatively flack. We're doing what we can. But no,

943
00:46:02,600 --> 00:46:05,320
Speaker 6: I mean it is it's very tight. Ask the sheriff,

944
00:46:05,440 --> 00:46:08,640
Speaker 6: ask the prosecutor, ask the judges. The budget is very

945
00:46:08,719 --> 00:46:12,319
Speaker 6: tight this year. I don't know what that refers to,

946
00:46:12,480 --> 00:46:14,080
Speaker 6: but it is certainly not reality.

947
00:46:15,000 --> 00:46:17,360
Speaker 3: So not rolling in money. Maybe a little bit of money.

948
00:46:20,040 --> 00:46:20,879
Speaker 1: I thought.

949
00:46:21,000 --> 00:46:23,000
Speaker 6: I'm wondering what we're talking about now.

950
00:46:23,080 --> 00:46:26,520
Speaker 2: I don't know, I don't know what that The reality

951
00:46:26,640 --> 00:46:29,040
Speaker 2: is this? What give me a reasonable number? What can

952
00:46:29,080 --> 00:46:31,160
Speaker 2: you expect you? What can you tell taxpayers now? In

953
00:46:31,200 --> 00:46:34,840
Speaker 2: handling count It's it can't be four and a half percent.

954
00:46:35,239 --> 00:46:37,800
Speaker 2: You're saying it can't be thirty percent. What's the target?

955
00:46:39,560 --> 00:46:42,359
Speaker 6: The target is keeping eighty five percent in the fun

956
00:46:42,880 --> 00:46:45,239
Speaker 6: and making sure we meet our dead ol. We got

957
00:46:45,239 --> 00:46:48,319
Speaker 6: dead obligations. We have obligations through a pilot payment, we

958
00:46:48,360 --> 00:46:52,360
Speaker 6: have construction, we have all these obligations. So meet the obligations,

959
00:46:52,400 --> 00:46:56,440
Speaker 6: and then we have built into that formula this PCR.

960
00:46:56,800 --> 00:46:59,880
Speaker 6: So we will have a PPR every year and knowing

961
00:47:00,239 --> 00:47:03,040
Speaker 6: it depends on the sales tax revenue and what's coming in,

962
00:47:03,320 --> 00:47:05,640
Speaker 6: and that will define what we can do by way

963
00:47:05,640 --> 00:47:07,840
Speaker 6: of the relief. We can't spend money we don't have.

964
00:47:08,920 --> 00:47:10,840
Speaker 3: Is it? Is it closer to thirty percent or closer

965
00:47:10,840 --> 00:47:11,799
Speaker 3: to four and a half.

966
00:47:13,440 --> 00:47:14,759
Speaker 6: For one next next time?

967
00:47:14,960 --> 00:47:15,760
Speaker 3: Yeah, next next.

968
00:47:15,560 --> 00:47:17,239
Speaker 2: Cycle, and then it's going to be changed. But you

969
00:47:17,280 --> 00:47:18,759
Speaker 2: said you want to get to a steady number, and

970
00:47:18,800 --> 00:47:21,160
Speaker 2: the number would everyone will be happy with would be

971
00:47:21,160 --> 00:47:23,080
Speaker 2: what I guess the question or you just.

972
00:47:23,000 --> 00:47:25,879
Speaker 6: Simply don't know, Well how would I know? I mean

973
00:47:25,960 --> 00:47:27,640
Speaker 6: I don't know what is going to come in by

974
00:47:27,640 --> 00:47:28,480
Speaker 6: way to sales tax.

975
00:47:28,560 --> 00:47:31,759
Speaker 2: Well, I mean you have targets obviously otherwise we've been

976
00:47:31,760 --> 00:47:33,360
Speaker 2: doing this, so there's got to be a number in

977
00:47:33,360 --> 00:47:33,759
Speaker 2: your mind.

978
00:47:33,840 --> 00:47:37,120
Speaker 6: Yeah, well sure, and what I'm hoping for is an

979
00:47:37,200 --> 00:47:40,399
Speaker 6: increase every year. So as we look at the four

980
00:47:40,440 --> 00:47:42,520
Speaker 6: point five, we go up next year, and then we

981
00:47:42,560 --> 00:47:44,080
Speaker 6: go up the year after that and go after the

982
00:47:44,160 --> 00:47:48,080
Speaker 6: year after that. So it's predictable and we're doing and

983
00:47:47,640 --> 00:47:51,280
Speaker 6: I and I anticipate, and boy, I hate the prediction

984
00:47:51,680 --> 00:47:53,560
Speaker 6: because you know, we just came out of a pandemic

985
00:47:53,600 --> 00:47:55,480
Speaker 6: not too long ago and not get an effect here

986
00:47:55,560 --> 00:47:58,280
Speaker 6: right you. It's very hard and we had a recession

987
00:47:58,560 --> 00:48:00,920
Speaker 6: and that's where you saw another dep so it's really

988
00:48:00,960 --> 00:48:04,360
Speaker 6: hard for me to predict. But the model is set

989
00:48:04,480 --> 00:48:07,120
Speaker 6: so that we start out low and we continue to

990
00:48:07,120 --> 00:48:10,320
Speaker 6: grow year up to year. So that is certainly my hope.

991
00:48:11,040 --> 00:48:13,400
Speaker 6: But to make a prediction gets a little dicey.

992
00:48:13,640 --> 00:48:17,720
Speaker 2: Yeah, fair enough. We'll just say twenty five eight percent.

993
00:48:17,719 --> 00:48:18,040
Speaker 3: How's that?

994
00:48:19,560 --> 00:48:21,120
Speaker 6: Say what you'd like, and we'll try to hit.

995
00:48:21,000 --> 00:48:23,640
Speaker 2: That mark because I got to have we record. Everything's recorded.

996
00:48:23,680 --> 00:48:25,920
Speaker 2: I want to bring this back later and then you know,

997
00:48:26,200 --> 00:48:27,239
Speaker 2: rub your nose in it today.

998
00:48:27,280 --> 00:48:33,040
Speaker 3: That's like, please, Willie will do that? I would do it.

999
00:48:33,080 --> 00:48:33,480
Speaker 3: I would not.

1000
00:48:34,360 --> 00:48:36,359
Speaker 6: No, No, the EMBc. Let's get back to MSc because

1001
00:48:36,400 --> 00:48:38,440
Speaker 6: that's another one that I hear quite a bit about

1002
00:48:39,080 --> 00:48:42,000
Speaker 6: and so that rate we're trying to do a predictable

1003
00:48:42,040 --> 00:48:44,439
Speaker 6: rate across the board for the next ten years. We're

1004
00:48:44,440 --> 00:48:47,040
Speaker 6: trying to hit four point five, which is a pretty

1005
00:48:47,040 --> 00:48:49,520
Speaker 6: modest increase. Before I got to the Commission, by the way,

1006
00:48:49,560 --> 00:48:52,520
Speaker 6: those rates were quite a bit higher year after year.

1007
00:48:52,760 --> 00:48:54,920
Speaker 6: And when I got there, we were able to hold

1008
00:48:54,960 --> 00:48:58,160
Speaker 6: that flat for a number of years because we had

1009
00:48:58,160 --> 00:49:00,600
Speaker 6: a reserve, and so we spent on some of that

1010
00:49:00,719 --> 00:49:04,359
Speaker 6: reserved keep for us rate flat. But now we're back

1011
00:49:04,480 --> 00:49:07,440
Speaker 6: to a reserve that's reasonable that we need to increase

1012
00:49:07,480 --> 00:49:10,759
Speaker 6: the rate modestly year a few years. So that is

1013
00:49:10,840 --> 00:49:13,520
Speaker 6: what I'm shooting for. Right If well, I can do

1014
00:49:13,840 --> 00:49:17,480
Speaker 6: a four point five increase for MSc for the next

1015
00:49:17,520 --> 00:49:20,520
Speaker 6: ten years, I think that's what people are asking me

1016
00:49:20,600 --> 00:49:23,000
Speaker 6: to do. Give us something predictable, make it as low

1017
00:49:23,040 --> 00:49:25,560
Speaker 6: as you possibly can, and that's what we're going to do.

1018
00:49:25,800 --> 00:49:28,040
Speaker 6: And so that's what that's what I'm trying to do

1019
00:49:28,080 --> 00:49:30,279
Speaker 6: with the MFT, not to be confused with the four

1020
00:49:30,320 --> 00:49:32,880
Speaker 6: point five with the PCR. And now I'm just realizing

1021
00:49:33,600 --> 00:49:38,400
Speaker 6: that those numbers are the same. So I and the

1022
00:49:38,480 --> 00:49:39,920
Speaker 6: increase this year for ms.

1023
00:49:40,120 --> 00:49:42,719
Speaker 2: I guess I guess resident, I've got to get going.

1024
00:49:42,760 --> 00:49:44,560
Speaker 2: We could probably talk about this for a long time,

1025
00:49:44,560 --> 00:49:46,120
Speaker 2: but you got to go. You got votes, you got

1026
00:49:46,160 --> 00:49:48,560
Speaker 2: work to do. To d Street Hoouse, Hamlet County Commission President,

1027
00:49:48,600 --> 00:49:51,000
Speaker 2: setting the record straight from hers perspective, I always enjoy

1028
00:49:51,040 --> 00:49:53,720
Speaker 2: having you back, and thanks for taking time out to explain.

1029
00:49:54,520 --> 00:49:56,680
Speaker 2: Thanks that all the best to you, and we've got

1030
00:49:56,680 --> 00:49:59,839
Speaker 2: a news update happening now here on seven hundred WLW

1031
00:50:02,480 --> 00:50:05,040
Speaker 2: Tuesday morning, Scottslonde rolls on with you here seven hundred

1032
00:50:05,200 --> 00:50:12,960
Speaker 2: wl It's a tough one to as a consumer. I

1033
00:50:13,000 --> 00:50:15,239
Speaker 2: don't think I care at all about it. I'll be

1034
00:50:15,280 --> 00:50:17,160
Speaker 2: honest with you, but I'm gonna talk about anyway because

1035
00:50:17,360 --> 00:50:21,839
Speaker 2: it's just fascinating. Every time we have some sort of

1036
00:50:22,040 --> 00:50:26,560
Speaker 2: change agent occur, we have the same predictable reaction and

1037
00:50:26,640 --> 00:50:28,120
Speaker 2: I get it. You know you're trying to protect your

1038
00:50:28,160 --> 00:50:31,239
Speaker 2: own territory. I'm gonna ask Andy Schaffer about this later.

1039
00:50:31,239 --> 00:50:33,880
Speaker 2: Till down on eleven thirty five from all Worth Financial

1040
00:50:34,040 --> 00:50:36,400
Speaker 2: to talk about the markets, investments, and just like a

1041
00:50:36,480 --> 00:50:41,240
Speaker 2: weekly money tune up as always, so Warner Brothers comes

1042
00:50:41,280 --> 00:50:43,000
Speaker 2: along and said, Hey, you know what, we're gonna sell

1043
00:50:43,000 --> 00:50:45,040
Speaker 2: our studio and our streaming service, and we're going to

1044
00:50:45,080 --> 00:50:48,600
Speaker 2: sell it to Netflix for almost eighty three billion dollars.

1045
00:50:48,600 --> 00:50:50,759
Speaker 2: With the B and all the cable networks we own,

1046
00:50:50,800 --> 00:50:53,600
Speaker 2: we're gonna spend that in a new publicly traded company.

1047
00:50:53,640 --> 00:50:58,319
Speaker 2: Sound good? So Paramount who owns pretty much everything else, right,

1048
00:50:58,440 --> 00:51:01,759
Speaker 2: CBS and just you go down the list. It's incredible. Uh,

1049
00:51:01,800 --> 00:51:03,480
Speaker 2: And that consolidation has been going for a long time,

1050
00:51:03,520 --> 00:51:05,040
Speaker 2: all of a sudden, now it's a problem because it

1051
00:51:05,080 --> 00:51:11,759
Speaker 2: involves Hollywood. Okay, So Paramount skuy Dance says, you know what,

1052
00:51:11,800 --> 00:51:15,560
Speaker 2: we're going to do better shareholders. They go to the

1053
00:51:15,640 --> 00:51:18,319
Speaker 2: existing shareholders instead of the Netflix deal. They said, well,

1054
00:51:18,360 --> 00:51:20,920
Speaker 2: if you go with us instead of Netflix, will give

1055
00:51:20,920 --> 00:51:24,839
Speaker 2: you two dollars twenty five cents more per share, which

1056
00:51:24,920 --> 00:51:28,000
Speaker 2: is like almost one hundred and ten billion dollar offer

1057
00:51:28,120 --> 00:51:32,760
Speaker 2: for the entire company. And so now you've got Warner's

1058
00:51:32,840 --> 00:51:36,000
Speaker 2: board saying it. You know that, some of the shareholders saying, well,

1059
00:51:36,040 --> 00:51:39,400
Speaker 2: you're unfavoring you're favoring Netflix unfairly, And it's just this

1060
00:51:39,480 --> 00:51:42,080
Speaker 2: back and forth. It's fascinating. Now, if you own you know,

1061
00:51:42,120 --> 00:51:44,239
Speaker 2: a decent number of those shares, you're probably pretty happy

1062
00:51:44,280 --> 00:51:46,600
Speaker 2: because you're going to get paid. And ultimately that's how

1063
00:51:46,600 --> 00:51:50,040
Speaker 2: it works. You know, we own shares of companies, me

1064
00:51:50,160 --> 00:51:52,520
Speaker 2: and you and your four one K, your roth Ira,

1065
00:51:52,719 --> 00:51:56,439
Speaker 2: your investments, if you have a pension. It's all tied

1066
00:51:56,480 --> 00:51:59,360
Speaker 2: up in that. We know how the markets work. And

1067
00:51:59,440 --> 00:52:01,680
Speaker 2: on top of that, Aunt also they're also backed by

1068
00:52:01,800 --> 00:52:04,920
Speaker 2: Jared Kushner, Trump's son in law. He's got an investment

1069
00:52:04,920 --> 00:52:06,879
Speaker 2: firm that's backing the paramount deal. So gee, I wonder

1070
00:52:06,920 --> 00:52:09,160
Speaker 2: which one's going to get done. But nonetheless, it's just

1071
00:52:09,239 --> 00:52:13,560
Speaker 2: interesting to see the reaction from from Warner people, or

1072
00:52:13,760 --> 00:52:15,480
Speaker 2: not even Warner people get that in a second. So

1073
00:52:16,239 --> 00:52:23,320
Speaker 2: the reality is, like any any business, any sector, any company, certainly,

1074
00:52:23,320 --> 00:52:26,040
Speaker 2: streaming is affecting the entertainment business in a big way.

1075
00:52:26,080 --> 00:52:29,040
Speaker 2: It's affecting my business TV and in this case film

1076
00:52:29,080 --> 00:52:33,080
Speaker 2: the film is your Warner Brothers. Theaters for a long

1077
00:52:33,120 --> 00:52:38,600
Speaker 2: time had their exclusive window on new releases, and yeah,

1078
00:52:38,600 --> 00:52:40,440
Speaker 2: and I obviously took a hit during the pandemic in

1079
00:52:40,480 --> 00:52:43,760
Speaker 2: that and they still haven't fully rebounded though, because studios

1080
00:52:43,800 --> 00:52:45,720
Speaker 2: are right now they're trying to figure out which films

1081
00:52:46,239 --> 00:52:49,640
Speaker 2: justify a theatrical release versus going straight to streaming. We've

1082
00:52:49,640 --> 00:52:53,960
Speaker 2: seen Netflix throw we Are one this week that Will

1083
00:52:54,040 --> 00:52:56,520
Speaker 2: Gans was talking about that literally is going to be

1084
00:52:56,520 --> 00:52:58,719
Speaker 2: in theaters for a week before it went on the Netflix.

1085
00:52:58,760 --> 00:53:00,680
Speaker 2: Because while they want to get an AFORE nomination and

1086
00:53:00,719 --> 00:53:03,040
Speaker 2: gets some more eyeballs, that's how it works. You're just

1087
00:53:03,040 --> 00:53:05,360
Speaker 2: looking that as a loss leader, basically going yeah, we

1088
00:53:05,400 --> 00:53:08,040
Speaker 2: just want we want the advertising from being an Oscar

1089
00:53:08,120 --> 00:53:10,600
Speaker 2: nominated film. You can only do that if you're up

1090
00:53:10,600 --> 00:53:13,960
Speaker 2: for about a week or so, and that obviously with

1091
00:53:14,040 --> 00:53:16,560
Speaker 2: Netflix and Paramount and this, that's going to change. That's

1092
00:53:16,600 --> 00:53:19,200
Speaker 2: going to change the whole awards thing, right, So if

1093
00:53:19,200 --> 00:53:22,879
Speaker 2: you're an Oscar fan, I don't know too many of those,

1094
00:53:22,920 --> 00:53:25,160
Speaker 2: but if you're an Oscar fan, that's probably going to

1095
00:53:25,280 --> 00:53:28,440
Speaker 2: change how that works too. In addition to streaming, cutting in,

1096
00:53:28,480 --> 00:53:31,439
Speaker 2: production costs keep going up and the revenue models are

1097
00:53:31,800 --> 00:53:34,520
Speaker 2: it's a big question mark. You're talking about three hundred

1098
00:53:34,560 --> 00:53:38,759
Speaker 2: million for a blockbuster to just make in market and

1099
00:53:38,800 --> 00:53:41,080
Speaker 2: you need a huge global audience just to break even.

1100
00:53:41,719 --> 00:53:44,560
Speaker 2: But if you're a mid budget film, which has been

1101
00:53:44,600 --> 00:53:48,400
Speaker 2: the majority of the films out there, they've disappeared because

1102
00:53:48,880 --> 00:53:50,800
Speaker 2: we're not quite sure should we do streaming. Should we

1103
00:53:50,880 --> 00:53:53,560
Speaker 2: do theatrically you're not seeing that anymore. And now we

1104
00:53:53,640 --> 00:53:55,560
Speaker 2: got the Writers Guild and like that are pushing back

1105
00:53:55,600 --> 00:53:58,239
Speaker 2: because of AI, and it's a whole. It's kind of

1106
00:53:58,239 --> 00:54:02,120
Speaker 2: a mess. By and large are audiences, whether it's eyes

1107
00:54:02,280 --> 00:54:06,480
Speaker 2: or ears. Our habits have shifted. We're more selective about

1108
00:54:06,480 --> 00:54:08,959
Speaker 2: what we'll see in theaters versus seeing streaming at home.

1109
00:54:09,960 --> 00:54:12,000
Speaker 2: My wife and I wanted to see the Jeremy Ellen

1110
00:54:12,040 --> 00:54:15,400
Speaker 2: White Springsteen movie that was up in theaters briefly because

1111
00:54:15,400 --> 00:54:17,680
Speaker 2: it wasn't that mass appeal kind of thing, which I get,

1112
00:54:18,640 --> 00:54:20,560
Speaker 2: and we'll like, ah, we should go, and then you know,

1113
00:54:20,600 --> 00:54:22,480
Speaker 2: a week or two later, it's not there anymore because

1114
00:54:22,640 --> 00:54:24,440
Speaker 2: we're like, Okay, no big loss. We'll just wait for

1115
00:54:24,520 --> 00:54:27,120
Speaker 2: to come out and watch it on our big screen TV.

1116
00:54:30,360 --> 00:54:33,320
Speaker 2: So technology, like anything in the world, whether it's automotive,

1117
00:54:33,480 --> 00:54:38,120
Speaker 2: whether it's medical, there's opportunities, threats, and predictably, the old

1118
00:54:38,200 --> 00:54:42,000
Speaker 2: Hollywood machine starts ratcheting it up the defense Jane Fonda,

1119
00:54:42,320 --> 00:54:46,080
Speaker 2: of all people, she's still alive. Jane Fonda sent a

1120
00:54:46,160 --> 00:54:50,279
Speaker 2: letter to the trade news publications saying that the end

1121
00:54:50,280 --> 00:54:53,040
Speaker 2: of Warner Brothers is a standalone company is an alarming

1122
00:54:53,160 --> 00:54:56,800
Speaker 2: escalation and a consolidation crisis that threatens the entire entertainment

1123
00:54:56,880 --> 00:55:01,200
Speaker 2: interesty itself, the public deserves, and potentially the First Amendment itself.

1124
00:55:01,200 --> 00:55:02,560
Speaker 2: I'm not quite sure if this is a one a

1125
00:55:02,719 --> 00:55:05,400
Speaker 2: issue and how that would be, but that the public

1126
00:55:05,480 --> 00:55:11,240
Speaker 2: somehow deserves an outdated business model. There's a trade organization

1127
00:55:11,360 --> 00:55:14,600
Speaker 2: called Cinema United that represents about three thirty thousand movie

1128
00:55:14,640 --> 00:55:16,840
Speaker 2: screens in the United States. Are a big one, and

1129
00:55:17,640 --> 00:55:22,880
Speaker 2: they said the acquisition of Netflix is an unprecedented threat

1130
00:55:23,160 --> 00:55:26,560
Speaker 2: and vowed to fight it because theaters will close, communities

1131
00:55:26,600 --> 00:55:29,680
Speaker 2: will suffer, jobs will be lost, and you're only getting

1132
00:55:29,680 --> 00:55:32,160
Speaker 2: Netflix only give token releases in theaters. And imagine the

1133
00:55:32,200 --> 00:55:38,280
Speaker 2: paramounts can do the same thing, and what happens to us. Well,

1134
00:55:39,120 --> 00:55:42,640
Speaker 2: you know, it's interesting that the cinemas, and you know,

1135
00:55:42,719 --> 00:55:47,040
Speaker 2: history is always a great indicator of future behavior. That

1136
00:55:47,120 --> 00:55:51,800
Speaker 2: if you go back to the turn of the previous century,

1137
00:55:52,040 --> 00:55:54,000
Speaker 2: film was really coming to it. I mean, the golden

1138
00:55:54,040 --> 00:55:56,600
Speaker 2: age of cinema, right, the Warner Brothers literally came on.

1139
00:55:57,000 --> 00:56:00,840
Speaker 2: Silent movies became talkies and the big you know, nineteen twenties,

1140
00:56:00,920 --> 00:56:03,960
Speaker 2: nineteen thirties, great depression. That was the one place you

1141
00:56:04,000 --> 00:56:05,240
Speaker 2: could go for some relief.

1142
00:56:05,520 --> 00:56:06,320
Speaker 6: And they.

1143
00:56:07,920 --> 00:56:11,200
Speaker 2: Did that for wow, one hundred years. Okay, great, awesome,

1144
00:56:11,200 --> 00:56:14,280
Speaker 2: they got that model. All on comes streaming lumps really

1145
00:56:14,400 --> 00:56:17,920
Speaker 2: cheap TVs. I's facing you get a big screen TV

1146
00:56:18,120 --> 00:56:21,239
Speaker 2: now for dirt cheap, like one hundred inch TV. You

1147
00:56:21,239 --> 00:56:24,520
Speaker 2: can get one for I don't know, like over just

1148
00:56:24,560 --> 00:56:29,239
Speaker 2: over thousand dollars. So yeah, the speakers of sounds is

1149
00:56:29,280 --> 00:56:31,640
Speaker 2: we got the soundbars. Now, it sounds good, sounds immersive,

1150
00:56:31,680 --> 00:56:34,080
Speaker 2: and it's like you're not for want for that whole

1151
00:56:34,080 --> 00:56:36,800
Speaker 2: cinematic experience in your own home. But the idea is

1152
00:56:36,920 --> 00:56:39,280
Speaker 2: somehow we're going to close these theaters. It's funny because

1153
00:56:39,320 --> 00:56:44,600
Speaker 2: if you go back even to the early nineteen hundreds,

1154
00:56:45,520 --> 00:56:49,560
Speaker 2: the same theater operators, maybe their ancestors had no problem

1155
00:56:49,680 --> 00:56:52,960
Speaker 2: putting vaudevillians in local stages and screens.

1156
00:56:53,560 --> 00:56:54,640
Speaker 3: I mean that's how we consider.

1157
00:56:54,680 --> 00:56:57,920
Speaker 2: Before film, people would go to a theater to watch vaudeville,

1158
00:56:58,200 --> 00:57:00,960
Speaker 2: which would be a basically a variety show. You'd have comics,

1159
00:57:01,000 --> 00:57:03,640
Speaker 2: you'd have singers, you'd have impressions, you have all these things,

1160
00:57:04,640 --> 00:57:07,400
Speaker 2: and once movies came along, it was more streamline it

1161
00:57:07,480 --> 00:57:11,439
Speaker 2: was cheaper instead of having to hire all that talent

1162
00:57:11,600 --> 00:57:15,359
Speaker 2: to simply put it on celluloid. And you're like, well,

1163
00:57:15,480 --> 00:57:17,560
Speaker 2: I'm sorry, that's the way what happened in the same

1164
00:57:17,600 --> 00:57:24,480
Speaker 2: movie industry that really that crushed stage is now being

1165
00:57:24,520 --> 00:57:27,880
Speaker 2: crushed by streaming. And it's the same argument that we've

1166
00:57:27,920 --> 00:57:30,040
Speaker 2: got to protect us. I'm sure there were Vaudevillians and

1167
00:57:30,320 --> 00:57:33,240
Speaker 2: the Vaudeville Union and the Theater Union and the stage hands,

1168
00:57:33,280 --> 00:57:35,960
Speaker 2: and they're all, you're not going to stop consumer demand.

1169
00:57:35,960 --> 00:57:37,600
Speaker 2: It's just simply not going to happen. Same for the

1170
00:57:37,600 --> 00:57:41,240
Speaker 2: Writers Guild. They're calling for the government to step and

1171
00:57:41,320 --> 00:57:45,560
Speaker 2: then block any merger whatsoever because I represent about twelve

1172
00:57:45,560 --> 00:57:50,400
Speaker 2: thousand screenwriters and saying that the streaming companies in one

1173
00:57:50,400 --> 00:57:51,720
Speaker 2: of the streaming it was going to swallow one of

1174
00:57:51,760 --> 00:57:55,480
Speaker 2: its biggest competitors. Is what anti trust lawsuits are designed

1175
00:57:55,480 --> 00:57:57,600
Speaker 2: to prevent. Well, I think the concern is they're going

1176
00:57:57,680 --> 00:57:59,520
Speaker 2: to come in and go you know what, twelve thousand

1177
00:57:59,520 --> 00:58:01,960
Speaker 2: writings obs are going to maybe not all go away,

1178
00:58:02,040 --> 00:58:03,959
Speaker 2: but we're going to lean into AI. And I would

1179
00:58:03,960 --> 00:58:06,480
Speaker 2: think too that I've said this before, there's a real

1180
00:58:06,520 --> 00:58:09,240
Speaker 2: that for actors and actresses. Isn't going to be just

1181
00:58:09,480 --> 00:58:12,800
Speaker 2: much easier to create a plot, have AI write a

1182
00:58:12,840 --> 00:58:17,120
Speaker 2: story or come up and kind of mesh out a

1183
00:58:17,480 --> 00:58:20,400
Speaker 2: screenplay or something like that AI assisted, and have AI

1184
00:58:20,520 --> 00:58:23,440
Speaker 2: do all the acting and production. And I mean, we're

1185
00:58:23,440 --> 00:58:25,920
Speaker 2: there now where you look at some of the shorts

1186
00:58:25,960 --> 00:58:29,640
Speaker 2: on social media, we're there now. It's not going to

1187
00:58:29,680 --> 00:58:32,880
Speaker 2: be that much before we have animated movies, which you

1188
00:58:32,920 --> 00:58:35,320
Speaker 2: still need hard writers for I suppose, but you know,

1189
00:58:35,400 --> 00:58:37,880
Speaker 2: by and large, it's the industry itself is going to

1190
00:58:37,960 --> 00:58:41,440
Speaker 2: shrink immeasurably because of artificial intelligence.

1191
00:58:41,560 --> 00:58:42,720
Speaker 3: It's almost going to have to happen.

1192
00:58:42,720 --> 00:58:44,240
Speaker 2: A lot of the future shows that you will see

1193
00:58:44,280 --> 00:58:47,040
Speaker 2: will be entire AI created, I would think. I mean,

1194
00:58:47,080 --> 00:58:49,280
Speaker 2: there's got to be some human guidance in there and concepts,

1195
00:58:49,280 --> 00:58:52,360
Speaker 2: I suppose, but you know, by and large, that's what

1196
00:58:52,360 --> 00:58:54,320
Speaker 2: we're looking at. They're not going to be real actors.

1197
00:58:54,360 --> 00:58:57,000
Speaker 2: They're just going to be faxing on. How you patent

1198
00:58:57,080 --> 00:59:01,120
Speaker 2: those and put copyright restrictions and stuff. Will be an

1199
00:59:01,160 --> 00:59:03,400
Speaker 2: interesting battle for sure, But any had to say because

1200
00:59:03,400 --> 00:59:05,160
Speaker 2: people are going to be displaced, But is it really

1201
00:59:05,200 --> 00:59:07,600
Speaker 2: any different than what happened with vaudeville back in the day,

1202
00:59:07,640 --> 00:59:10,560
Speaker 2: as I said, because a lot of vaudevillians were replaced,

1203
00:59:10,600 --> 00:59:12,880
Speaker 2: a lot of those went to the voices, went to radio,

1204
00:59:13,000 --> 00:59:14,640
Speaker 2: and then a lot of the radistars went to TV,

1205
00:59:14,760 --> 00:59:16,400
Speaker 2: and TV went to streaming. And it's part of this

1206
00:59:16,440 --> 00:59:19,800
Speaker 2: whole evolution because of consumer demand, that's all. And the

1207
00:59:19,800 --> 00:59:23,480
Speaker 2: teamster is upset too because they should reject this deal,

1208
00:59:23,520 --> 00:59:26,080
Speaker 2: because the Teamsters represent a bunch of folks as well. So, yeah,

1209
00:59:26,120 --> 00:59:29,439
Speaker 2: you're about protectionism and you're about, you know, trying to

1210
00:59:29,520 --> 00:59:31,680
Speaker 2: save your own industry in particular. I get that that's

1211
00:59:31,680 --> 00:59:33,960
Speaker 2: nothing new, and it's not a shot at them saying

1212
00:59:34,000 --> 00:59:36,680
Speaker 2: they're foolish. No, you probably do the same thing if

1213
00:59:36,720 --> 00:59:39,680
Speaker 2: your industry where in jeopardy to collapse. But let's face it,

1214
00:59:39,680 --> 00:59:42,280
Speaker 2: it is up the consumer. The consumer always decides in America.

1215
00:59:43,560 --> 00:59:46,600
Speaker 2: The CEO CO chief executive at Netflix said, right now,

1216
00:59:46,960 --> 00:59:48,920
Speaker 2: you should count on everything that is planned going on

1217
00:59:48,960 --> 00:59:51,320
Speaker 2: in the theater through Warner Brothers. Continue to go to theaters.

1218
00:59:51,320 --> 00:59:53,960
Speaker 2: You should continue to go to theaters. The keyword, and that,

1219
00:59:54,040 --> 00:59:56,480
Speaker 2: by the way, is right now. So right now you

1220
00:59:56,480 --> 01:00:01,160
Speaker 2: should count. It's like when companies merge, you know, we're

1221
01:00:01,160 --> 01:00:03,240
Speaker 2: taking over Kroger takes over a company.

1222
01:00:03,360 --> 01:00:05,400
Speaker 3: Let's say we just had that happen here locally.

1223
01:00:05,680 --> 01:00:07,240
Speaker 2: We're going to take over this company and look at

1224
01:00:07,240 --> 01:00:10,880
Speaker 2: it and go, all right, I do this particular job.

1225
01:00:11,200 --> 01:00:13,840
Speaker 2: There's somebody in this company does a particular job. Which

1226
01:00:13,920 --> 01:00:15,200
Speaker 2: one are they going to keep because they ain't going

1227
01:00:15,240 --> 01:00:16,919
Speaker 2: to keep both of us, So you better be damn

1228
01:00:16,920 --> 01:00:18,480
Speaker 2: sure you're great at what you do if you want

1229
01:00:18,480 --> 01:00:21,160
Speaker 2: to stay on. And that's just the nature of consolidation.

1230
01:00:21,280 --> 01:00:24,440
Speaker 2: See that happened many many times in my industry even

1231
01:00:25,440 --> 01:00:27,880
Speaker 2: but you know the idea that right now, yeah, right now,

1232
01:00:27,920 --> 01:00:32,560
Speaker 2: as of today. Now, by January first, maybe a different story.

1233
01:00:32,560 --> 01:00:34,160
Speaker 2: And that typically how these things work out, as they

1234
01:00:34,240 --> 01:00:36,480
Speaker 2: send assurances to people going, yeah, listen, your job's not

1235
01:00:36,520 --> 01:00:39,440
Speaker 2: in jeopardy right now. Everything is fine right now, so

1236
01:00:39,720 --> 01:00:42,040
Speaker 2: just you know, just keep on doing your best right now.

1237
01:00:42,800 --> 01:00:45,400
Speaker 2: And everyone happens once they figure it all out and

1238
01:00:45,560 --> 01:00:48,360
Speaker 2: the analysts come in and kick the tires and see

1239
01:00:48,760 --> 01:00:51,280
Speaker 2: how we can shave Because when companies take over the country,

1240
01:00:51,320 --> 01:00:52,800
Speaker 2: the company is the first thing they do is issue

1241
01:00:52,800 --> 01:00:55,240
Speaker 2: a letter going everything's fine, like no one's loosening their job.

1242
01:00:55,280 --> 01:00:57,680
Speaker 2: Don't worry about it, and then after a little period

1243
01:00:57,720 --> 01:01:00,400
Speaker 2: of time, what happens is that's when the acts starts

1244
01:01:00,400 --> 01:01:04,000
Speaker 2: to fall. Always does, because you've got enough pay for

1245
01:01:04,240 --> 01:01:06,520
Speaker 2: all of the money you spent about the company in

1246
01:01:06,560 --> 01:01:11,160
Speaker 2: the first place. And largely what happens is, you know,

1247
01:01:11,240 --> 01:01:13,160
Speaker 2: we consolidated. We start looking around, going, all right, he

1248
01:01:13,200 --> 01:01:15,360
Speaker 2: can go, these guys, this department can go. We've got

1249
01:01:15,400 --> 01:01:18,200
Speaker 2: a lot of overlap here, and we've got a consolidation

1250
01:01:18,280 --> 01:01:20,479
Speaker 2: means we're gonna save money. So no, never buy the Hey,

1251
01:01:20,920 --> 01:01:23,760
Speaker 2: your job is fine right now because tomorrow is not

1252
01:01:23,920 --> 01:01:26,640
Speaker 2: right now. And that's just how it works, that's true anything.

1253
01:01:26,640 --> 01:01:29,480
Speaker 2: But we're seeing an unfold before our very eyes with Hollywood. Now,

1254
01:01:29,680 --> 01:01:32,520
Speaker 2: I don't know, is a consumer like you you're gonna

1255
01:01:32,520 --> 01:01:35,240
Speaker 2: lose sleep over what's going on? Probably not you look

1256
01:01:35,280 --> 01:01:39,680
Speaker 2: at it going. I don't know Paramount, Netflix, Warner Brothers.

1257
01:01:39,960 --> 01:01:42,200
Speaker 2: I watch these shows. I have no idea who the

1258
01:01:42,200 --> 01:01:45,520
Speaker 2: helse produced. I have no idea that we don't. And

1259
01:01:46,200 --> 01:01:48,640
Speaker 2: the thing is today we're dumb and ignorant of this,

1260
01:01:48,760 --> 01:01:51,120
Speaker 2: and largely so because there's just so much content out

1261
01:01:51,120 --> 01:01:52,880
Speaker 2: there to jews froom, you don't care where it's coming

1262
01:01:52,880 --> 01:01:55,760
Speaker 2: from and who's producing it. All you know is that

1263
01:01:55,800 --> 01:01:59,640
Speaker 2: there's more stuff to consume with your eyes and ears

1264
01:02:00,160 --> 01:02:03,800
Speaker 2: than ever before in the history of all mankind. So

1265
01:02:03,960 --> 01:02:05,800
Speaker 2: it's the new Golden Age for sure. But at the

1266
01:02:05,840 --> 01:02:09,000
Speaker 2: same time, you look, I can't watch or listen anymore.

1267
01:02:10,440 --> 01:02:13,000
Speaker 2: There's only so many hours in the day. There's only

1268
01:02:13,040 --> 01:02:15,960
Speaker 2: so many hours in the day. But you know, fighting

1269
01:02:16,040 --> 01:02:18,840
Speaker 2: for Jane Fonda. We need to save Warner Brothers. Why

1270
01:02:18,920 --> 01:02:22,720
Speaker 2: because well, it's a it's an important company. It's the

1271
01:02:22,720 --> 01:02:25,480
Speaker 2: odds of consumers. The consumers decide what is important and

1272
01:02:25,520 --> 01:02:27,480
Speaker 2: what is not, and so it goes. Anyway, news on

1273
01:02:27,520 --> 01:02:30,160
Speaker 2: the way in just minutes. You may know the name

1274
01:02:30,240 --> 01:02:34,800
Speaker 2: Rosemary Oglesby Henry. She's a candidate Republican candidate for Congress.

1275
01:02:34,680 --> 01:02:37,040
Speaker 2: That she's also happens to be the lady attached to

1276
01:02:37,160 --> 01:02:43,320
Speaker 2: a horrific story, quaite, honestly, of someone who said she

1277
01:02:43,440 --> 01:02:45,760
Speaker 2: produced a gun and all these all these accusations it

1278
01:02:45,800 --> 01:02:47,960
Speaker 2: turned out to be not true. You wonder how that

1279
01:02:48,000 --> 01:02:50,840
Speaker 2: may have hurt her campaign. I'm saying, yeah, she threatened

1280
01:02:50,840 --> 01:02:52,600
Speaker 2: me with a gun, and then she was the one arrested.

1281
01:02:52,640 --> 01:02:55,080
Speaker 2: And it turns out later on guess what the person

1282
01:02:55,120 --> 01:02:58,400
Speaker 2: making the accusations also running for office, made the whole

1283
01:02:58,440 --> 01:03:00,800
Speaker 2: thing up. It's an interesting story and we'll get into

1284
01:03:00,800 --> 01:03:02,440
Speaker 2: it next with her on The Scott Sloane Show, Home

1285
01:03:02,480 --> 01:03:04,320
Speaker 2: of the Best Bengals coverage seven hundred WW.

1286
01:03:04,440 --> 01:03:08,600
Speaker 8: Since you want to be an American, Hi, Scott's loan

1287
01:03:08,680 --> 01:03:10,360
Speaker 8: here on seven hundred WLW.

1288
01:03:10,440 --> 01:03:11,800
Speaker 3: You may know the name already.

1289
01:03:11,880 --> 01:03:16,840
Speaker 2: Rosemary Oglesby Henry is the founder of nonprofit Rosemary's Babies.

1290
01:03:17,120 --> 01:03:20,480
Speaker 2: She's also the Republican candidate for Congress in Ohio in

1291
01:03:20,520 --> 01:03:22,360
Speaker 2: the first district, so she is going to be running

1292
01:03:22,360 --> 01:03:24,680
Speaker 2: against Grange Lensman. And the reason you may know the

1293
01:03:24,720 --> 01:03:28,080
Speaker 2: name is because she got jammed up in an abusive relationship.

1294
01:03:28,080 --> 01:03:30,640
Speaker 2: And normally you don't hear the stuff with politics and

1295
01:03:30,680 --> 01:03:33,520
Speaker 2: candidates in life, but I think it offers a really interesting,

1296
01:03:33,600 --> 01:03:34,440
Speaker 2: unique perspective.

1297
01:03:35,280 --> 01:03:37,760
Speaker 3: And she joins the show. Now, Rosemary, welcome, how are you?

1298
01:03:38,640 --> 01:03:39,040
Speaker 1: I'm good?

1299
01:03:39,280 --> 01:03:40,440
Speaker 5: Thank you so much for having me.

1300
01:03:40,480 --> 01:03:41,280
Speaker 1: I'm excited to be on.

1301
01:03:41,400 --> 01:03:43,520
Speaker 3: Yeah, yeah, yeah. What made you decide to run?

1302
01:03:45,200 --> 01:03:45,320
Speaker 6: So?

1303
01:03:45,600 --> 01:03:48,160
Speaker 5: I just I just felt like we needed a change

1304
01:03:48,400 --> 01:03:51,800
Speaker 5: and we needed to flip that seat to someone that

1305
01:03:52,000 --> 01:03:57,680
Speaker 5: could bring some new opportunities to Southwest Ohio that just

1306
01:03:57,760 --> 01:04:04,560
Speaker 5: aren't happening right now, especially this administration. Like what so Well,

1307
01:04:04,760 --> 01:04:09,520
Speaker 5: my focus definitely is to ensure that we're bringing that

1308
01:04:09,560 --> 01:04:14,160
Speaker 5: we're training people in manufacturing, We're focusing on the urban

1309
01:04:14,240 --> 01:04:18,440
Speaker 5: core and making sure that small businesses are going and

1310
01:04:18,560 --> 01:04:23,040
Speaker 5: sustaining in southwest Ohio. I think the current incumbent just

1311
01:04:23,320 --> 01:04:27,760
Speaker 5: isn't doing a very good job of focusing and focusing

1312
01:04:27,840 --> 01:04:32,440
Speaker 5: on our area, especially now that we've especially now that

1313
01:04:32,480 --> 01:04:35,680
Speaker 5: they've added Clinton County. I just think the needs of

1314
01:04:35,760 --> 01:04:39,920
Speaker 5: what of Warren and Clinton just won't be heard underneath

1315
01:04:39,920 --> 01:04:40,840
Speaker 5: system comments.

1316
01:04:41,440 --> 01:04:44,800
Speaker 2: Relative to manufacturing, tariff's helping or hurting getting that message out.

1317
01:04:46,720 --> 01:04:49,720
Speaker 5: I think that it just depends on which side that

1318
01:04:49,760 --> 01:04:52,920
Speaker 5: you're on. Of course, the administration is supporting the tariffs

1319
01:04:53,400 --> 01:04:56,520
Speaker 5: are helping, but for some formers, they're they're starting to

1320
01:04:56,560 --> 01:04:59,400
Speaker 5: fill as the burn of that, and so we definitely

1321
01:04:59,560 --> 01:05:04,040
Speaker 5: need to make sure that some of those dollars are

1322
01:05:04,040 --> 01:05:07,600
Speaker 5: going back, that the industries wren't being hurt, that we're

1323
01:05:07,840 --> 01:05:11,760
Speaker 5: we're emphasizing for those small swarming communities in those communities,

1324
01:05:12,160 --> 01:05:16,280
Speaker 5: for the state and people to support those individuals in

1325
01:05:16,280 --> 01:05:18,600
Speaker 5: that area to buy the buy home take care of

1326
01:05:18,600 --> 01:05:19,280
Speaker 5: Ohio first.

1327
01:05:19,480 --> 01:05:22,520
Speaker 2: Yeah, yeah, as somebody's listening to this going, oh yeah,

1328
01:05:22,640 --> 01:05:24,960
Speaker 2: Rosemary Oglesby Henry, I know that name.

1329
01:05:27,120 --> 01:05:27,320
Speaker 4: You know.

1330
01:05:27,360 --> 01:05:30,400
Speaker 2: Most candidates kind of kind of go through a life

1331
01:05:30,440 --> 01:05:32,800
Speaker 2: with a little less stress. You, on the o otherland,

1332
01:05:32,840 --> 01:05:35,880
Speaker 2: had a lot of stress recently. And it's an interesting

1333
01:05:35,920 --> 01:05:39,360
Speaker 2: story that I think you can honestly pivot and use

1334
01:05:39,440 --> 01:05:42,040
Speaker 2: to your advantage. And it all starts with a guy

1335
01:05:42,080 --> 01:05:44,120
Speaker 2: named Kevin Farmer. So if you don't know the entire

1336
01:05:44,200 --> 01:05:47,640
Speaker 2: story here, you were arrested in early November charge with

1337
01:05:47,640 --> 01:05:50,720
Speaker 2: aggravated menacing, accused of pointing a gun at him. He's

1338
01:05:50,800 --> 01:05:53,160
Speaker 2: running for a city councilor running for congress. Kevin Farmer.

1339
01:05:53,240 --> 01:05:57,200
Speaker 2: Turns out he's making false charges against you, charged with burglary,

1340
01:05:57,680 --> 01:06:00,880
Speaker 2: violating a protection order you had against him after trespassing

1341
01:06:01,200 --> 01:06:04,960
Speaker 2: in your home and Halloween, you're out, the charges have

1342
01:06:05,000 --> 01:06:06,960
Speaker 2: been dropped. He's I believe, still in jail on a

1343
01:06:07,000 --> 01:06:10,840
Speaker 2: seventy thousand dollars bond. Voters here that and are like, wait, wait,

1344
01:06:10,880 --> 01:06:13,240
Speaker 2: you got as you know how voters are they here?

1345
01:06:13,280 --> 01:06:15,080
Speaker 2: You got arrested and that's the end of the story.

1346
01:06:16,000 --> 01:06:18,080
Speaker 3: I guess. Give us some background what's the deal with

1347
01:06:18,160 --> 01:06:19,360
Speaker 3: Kevin Farmer? How did you meet?

1348
01:06:19,400 --> 01:06:21,560
Speaker 2: You say he's a friend or was a friend anyway,

1349
01:06:21,560 --> 01:06:23,120
Speaker 2: and what was the nature of your friendship.

1350
01:06:23,960 --> 01:06:28,240
Speaker 5: Yeah, so mental health is real. Health is real, and

1351
01:06:28,320 --> 01:06:30,120
Speaker 5: you never know what's going to be the stick that

1352
01:06:30,160 --> 01:06:34,000
Speaker 5: broke that camel's back. And we all have people that

1353
01:06:34,080 --> 01:06:36,160
Speaker 5: we might be around that might be struggling with these

1354
01:06:36,160 --> 01:06:38,439
Speaker 5: issues and we don't know. It could be the person

1355
01:06:38,560 --> 01:06:41,040
Speaker 5: working next to you, or it could be someone in

1356
01:06:41,080 --> 01:06:45,600
Speaker 5: your family, your child is struggling with those issues. Of course,

1357
01:06:45,640 --> 01:06:49,000
Speaker 5: I had a professional relationship with Kevin Farmer and known

1358
01:06:49,080 --> 01:06:53,600
Speaker 5: him for several years and to have this turned on

1359
01:06:53,760 --> 01:06:59,440
Speaker 5: me and the charges be faught that that was an assault,

1360
01:06:59,520 --> 01:07:02,480
Speaker 5: But the the biggest was, oh my god, now I'm

1361
01:07:02,480 --> 01:07:05,480
Speaker 5: stuck in the system that I've always trusted to help

1362
01:07:05,480 --> 01:07:07,960
Speaker 5: me build the American dream and followed, so how do

1363
01:07:08,040 --> 01:07:10,760
Speaker 5: I get out of it? And as you know, while

1364
01:07:10,760 --> 01:07:13,440
Speaker 5: the charges were fast, the city dropped it said they

1365
01:07:13,480 --> 01:07:15,760
Speaker 5: should have never filed them in the first place. The

1366
01:07:15,840 --> 01:07:19,480
Speaker 5: apology is never as grand as assault. And so what

1367
01:07:19,520 --> 01:07:23,360
Speaker 5: do you do from that is you emphasize the need

1368
01:07:23,760 --> 01:07:27,320
Speaker 5: for you know, the boys in blue and the courts

1369
01:07:27,360 --> 01:07:30,680
Speaker 5: and everybody to just review these actions before they take

1370
01:07:30,720 --> 01:07:34,440
Speaker 5: these steps. But more than that, for a trauma informed media,

1371
01:07:34,520 --> 01:07:37,560
Speaker 5: you know my kids, my families and everything. Before you

1372
01:07:37,960 --> 01:07:41,840
Speaker 5: run with this propaganda and basically became a person's name,

1373
01:07:41,920 --> 01:07:44,360
Speaker 5: you need to make sure that you're clarifying the facts

1374
01:07:44,800 --> 01:07:46,520
Speaker 5: and that the facts are what they are. And so

1375
01:07:46,680 --> 01:07:50,480
Speaker 5: it was a very traumatic incident, but you learn from it,

1376
01:07:50,560 --> 01:07:53,480
Speaker 5: you move past it, and for somebody like me that

1377
01:07:53,720 --> 01:07:56,840
Speaker 5: is resiliently driven, you get the word out there to

1378
01:07:56,920 --> 01:07:59,840
Speaker 5: let your voters know I was Surean's parent, I said,

1379
01:08:00,200 --> 01:08:03,160
Speaker 5: and my authority and why I was doing it. I

1380
01:08:03,200 --> 01:08:05,439
Speaker 5: was still serving people and running my race, And those

1381
01:08:05,480 --> 01:08:07,320
Speaker 5: are the type of people that you need fighting for

1382
01:08:07,400 --> 01:08:10,240
Speaker 5: Southwest Ohio, not somebody who's going to book and fold.

1383
01:08:11,240 --> 01:08:11,439
Speaker 1: Yeah.

1384
01:08:11,640 --> 01:08:13,320
Speaker 2: I get that too. You hear the charges, most people

1385
01:08:13,320 --> 01:08:14,680
Speaker 2: already made their mind up. We go, oh, yeah, that's

1386
01:08:14,720 --> 01:08:16,960
Speaker 2: that lady got arrested, and that's certainly not true because

1387
01:08:17,000 --> 01:08:19,840
Speaker 2: you're the victim in this case as opposed to the perpetrator,

1388
01:08:19,840 --> 01:08:22,840
Speaker 2: and the truth came out and the legal system worked. Unfortunately,

1389
01:08:22,880 --> 01:08:24,760
Speaker 2: it's hard to get your reputation back in this day

1390
01:08:24,760 --> 01:08:27,040
Speaker 2: and age because there's so much information out there and

1391
01:08:27,360 --> 01:08:30,000
Speaker 2: you know, first impressions mean so much. How hard is

1392
01:08:30,040 --> 01:08:32,320
Speaker 2: that going to be to overcome that? And on the

1393
01:08:32,360 --> 01:08:33,800
Speaker 2: trail and with the election.

1394
01:08:33,600 --> 01:08:37,680
Speaker 5: Come out, you know, I think people love a good

1395
01:08:37,680 --> 01:08:40,120
Speaker 5: comeback story. You know, this is America. We love a

1396
01:08:40,360 --> 01:08:42,960
Speaker 5: wet we love a good rocky story. And as I'm

1397
01:08:42,960 --> 01:08:44,880
Speaker 5: out on the on the trail, you know, I'm thinking

1398
01:08:44,880 --> 01:08:47,720
Speaker 5: of that thing, you know, And there are a lot

1399
01:08:47,800 --> 01:08:50,519
Speaker 5: of people that know me. I've been a long time

1400
01:08:50,640 --> 01:08:55,160
Speaker 5: figure in Cincinnati, Ohio and around Ohio, and so it

1401
01:08:55,200 --> 01:08:58,400
Speaker 5: was kind of unbelievable in the first place. And so

1402
01:08:58,720 --> 01:09:00,760
Speaker 5: I just get back in front of people again. I

1403
01:09:00,800 --> 01:09:04,360
Speaker 5: show people who I am. I spend firm and who

1404
01:09:04,400 --> 01:09:07,920
Speaker 5: I am and definitely believe that if I do what

1405
01:09:08,000 --> 01:09:09,800
Speaker 5: I say I'm going to do, which I always say,

1406
01:09:10,320 --> 01:09:13,200
Speaker 5: that the voters will change their minds. You know, I'm

1407
01:09:13,240 --> 01:09:15,840
Speaker 5: a regular person. You know, never expected this to.

1408
01:09:15,760 --> 01:09:16,280
Speaker 1: Happen to me.

1409
01:09:16,640 --> 01:09:19,639
Speaker 5: But I'm a regular person that life happens. And again,

1410
01:09:19,680 --> 01:09:22,599
Speaker 5: when these challenges happen, you want to see how people

1411
01:09:22,680 --> 01:09:26,160
Speaker 5: rise above it. In a very polarized environment where there

1412
01:09:26,160 --> 01:09:30,400
Speaker 5: are so many lawsuits and frivolous attacks coming against people daily,

1413
01:09:30,560 --> 01:09:31,879
Speaker 5: especially public figures.

1414
01:09:32,200 --> 01:09:33,800
Speaker 1: We're seeing more and more of this, and.

1415
01:09:33,720 --> 01:09:37,879
Speaker 5: Some of them buckle and vote Rosemary for US Congress,

1416
01:09:37,880 --> 01:09:41,800
Speaker 5: and first District doesn't vote. She moves forward resiliently and

1417
01:09:41,840 --> 01:09:46,280
Speaker 5: she challenges these these hits, you know, and she fights back.

1418
01:09:46,320 --> 01:09:48,320
Speaker 5: And that's, like I said, the type of leaders we

1419
01:09:48,320 --> 01:09:52,160
Speaker 5: need fighting for our communities, our urban core, our formers,

1420
01:09:52,200 --> 01:09:56,599
Speaker 5: and you know, for affordability and just changes for southwest Ohio.

1421
01:09:56,840 --> 01:09:59,479
Speaker 5: And I just think that we haven't seen enough of

1422
01:09:59,479 --> 01:10:01,040
Speaker 5: that in the last few years.

1423
01:10:01,080 --> 01:10:01,960
Speaker 1: About fighting back.

1424
01:10:02,360 --> 01:10:05,799
Speaker 2: Rosemary oglesby Henry on the show, first District congressional candidate

1425
01:10:05,880 --> 01:10:09,719
Speaker 2: and talking about her unique story in politics here. Uh,

1426
01:10:09,800 --> 01:10:12,120
Speaker 2: you know, final point on this too. So why would

1427
01:10:12,160 --> 01:10:15,679
Speaker 2: Kevin Farmer, a friend of yours business call associate, why

1428
01:10:15,720 --> 01:10:17,880
Speaker 2: would he final these false charges against her? You know,

1429
01:10:17,880 --> 01:10:19,599
Speaker 2: he said you had a gun, police let and search

1430
01:10:19,640 --> 01:10:21,479
Speaker 2: and said, well, she doesn't have a gun here, She

1431
01:10:21,479 --> 01:10:23,280
Speaker 2: couldn't have done that. And then they learned the truth

1432
01:10:23,320 --> 01:10:24,960
Speaker 2: and it was Uh, he was the one making the

1433
01:10:24,960 --> 01:10:26,920
Speaker 2: story of violating restraining order everything else.

1434
01:10:27,040 --> 01:10:29,160
Speaker 3: Why Why would he do that? Did it have to

1435
01:10:29,160 --> 01:10:30,000
Speaker 3: do with this campaign?

1436
01:10:31,880 --> 01:10:36,720
Speaker 5: Yes, I unfortunately his campaign wasn't going I guess as

1437
01:10:36,800 --> 01:10:40,640
Speaker 5: well as he wanted. I've heard everything from jealousy to

1438
01:10:41,200 --> 01:10:45,559
Speaker 5: you know again, mental health to using the political machine.

1439
01:10:45,680 --> 01:10:48,479
Speaker 5: This guy was a gorilla marketer and he used non

1440
01:10:48,560 --> 01:10:53,120
Speaker 5: traditional ways to get people, you know, into elections and

1441
01:10:53,280 --> 01:10:56,280
Speaker 5: office public offices. I just never thought that that would

1442
01:10:56,280 --> 01:10:59,360
Speaker 5: be turned on me. Again, my children and my family,

1443
01:10:59,479 --> 01:11:03,000
Speaker 5: my kids, we're here, you know, my family was here watching.

1444
01:11:02,760 --> 01:11:04,679
Speaker 1: The drug off.

1445
01:11:05,280 --> 01:11:08,120
Speaker 5: And you know that's very hurtful too, because again you

1446
01:11:08,200 --> 01:11:10,960
Speaker 5: tell your kids, you know, to stand for justice, to

1447
01:11:11,040 --> 01:11:15,880
Speaker 5: be honest, individuals trustworthy. Like you said, there was no gun,

1448
01:11:16,040 --> 01:11:19,439
Speaker 5: there was no story, there was no argument, helping a

1449
01:11:19,520 --> 01:11:23,559
Speaker 5: friend and the just in a professional partner. You know

1450
01:11:23,720 --> 01:11:27,320
Speaker 5: that things just kind of turned left and again that morning.

1451
01:11:27,640 --> 01:11:29,600
Speaker 5: Never would have thought that my face will be on

1452
01:11:29,600 --> 01:11:32,360
Speaker 5: a mudshot. But we see what Trump deal with his

1453
01:11:32,479 --> 01:11:35,840
Speaker 5: mud shot. He turned it and he thought the entire

1454
01:11:35,920 --> 01:11:38,360
Speaker 5: time he was running his race. And that is a

1455
01:11:38,439 --> 01:11:41,320
Speaker 5: huge example for me to use that he didn't he

1456
01:11:41,360 --> 01:11:44,080
Speaker 5: didn't turn back, and he walked straight into it and

1457
01:11:44,200 --> 01:11:45,680
Speaker 5: answered those questions directly for.

1458
01:11:45,800 --> 01:11:48,160
Speaker 2: Anyone that want no good deed goes on a posh

1459
01:11:48,240 --> 01:11:52,559
Speaker 2: right exactly, that's a tough lesson learned right there.

1460
01:11:52,800 --> 01:11:55,760
Speaker 3: So well, I think it is behind you.

1461
01:11:55,840 --> 01:11:57,080
Speaker 2: Of course you're gonna have to answer that a lot

1462
01:11:57,120 --> 01:11:59,000
Speaker 2: on the on the campaign trail for sure, because.

1463
01:11:58,760 --> 01:12:00,400
Speaker 3: People go, well, what what was the story with this

1464
01:12:00,439 --> 01:12:02,400
Speaker 3: whole thing? Hopefully you can put that back.

1465
01:12:02,400 --> 01:12:04,400
Speaker 2: And I think it's a unique story too, Yours is

1466
01:12:04,400 --> 01:12:06,479
Speaker 2: is you know you literally we're the victim of crime.

1467
01:12:06,560 --> 01:12:07,799
Speaker 3: That's unique for Cape.

1468
01:12:08,840 --> 01:12:13,599
Speaker 5: Yeah, yeah, it really is. And you know, while while

1469
01:12:13,640 --> 01:12:16,000
Speaker 5: I'm sitting in the background, I have some very strong

1470
01:12:16,080 --> 01:12:21,400
Speaker 5: leaders from the community and just higher level leaders in

1471
01:12:21,479 --> 01:12:23,439
Speaker 5: the government that just kind of called me and reached

1472
01:12:23,439 --> 01:12:25,599
Speaker 5: out and was like, hey, you know, this is how

1473
01:12:25,640 --> 01:12:26,160
Speaker 5: you fight this.

1474
01:12:26,280 --> 01:12:27,400
Speaker 1: I'm sorry you're going.

1475
01:12:27,160 --> 01:12:30,680
Speaker 5: Through this again. I've run Rosemary's Babies for more than

1476
01:12:30,680 --> 01:12:33,400
Speaker 5: a decade, but I've also been a community leader for

1477
01:12:33,439 --> 01:12:36,760
Speaker 5: almost two decades in Ohio, you know, so I've had

1478
01:12:36,800 --> 01:12:39,519
Speaker 5: positions where I sat on policy and things like that

1479
01:12:39,600 --> 01:12:42,920
Speaker 5: for not only Ohio but across the nation in California,

1480
01:12:42,960 --> 01:12:45,360
Speaker 5: et cetera. So a lot of these great people reached

1481
01:12:45,400 --> 01:12:48,599
Speaker 5: out and it just so happens it happened twenty days

1482
01:12:48,680 --> 01:12:52,280
Speaker 5: after my campaign announced, Right, But you know, barriers don't

1483
01:12:52,320 --> 01:12:55,960
Speaker 5: break me. We turn those and the opportunities and you know.

1484
01:12:56,160 --> 01:12:59,240
Speaker 5: On December nineteenth, I'm hosting an event with the Temptations.

1485
01:12:59,360 --> 01:13:01,240
Speaker 5: I'm hoping po will come out and give me an

1486
01:13:01,240 --> 01:13:04,200
Speaker 5: opportunity to be able to speak to what happened, but

1487
01:13:04,240 --> 01:13:07,240
Speaker 5: more than that, celebrate with me, learn about me. And

1488
01:13:08,479 --> 01:13:11,360
Speaker 5: I'm excited to have that. On December nineteenth, a Christmas

1489
01:13:11,360 --> 01:13:15,920
Speaker 5: concert with the Sensations review at bat Tom Smiths Brewery,

1490
01:13:16,240 --> 01:13:20,080
Speaker 5: host about Fernando and Jacqueline Cruz, who are small business

1491
01:13:20,080 --> 01:13:26,200
Speaker 5: owners in Madisonville. They have this really unique beer brewery

1492
01:13:26,720 --> 01:13:30,120
Speaker 5: and they stood behind me through all of these things

1493
01:13:30,120 --> 01:13:32,120
Speaker 5: and as they know, that's not her and you need

1494
01:13:32,160 --> 01:13:34,160
Speaker 5: people like that, you do, you know that know you,

1495
01:13:34,320 --> 01:13:37,720
Speaker 5: that will speak for your integrity and I really appreciate that.

1496
01:13:37,960 --> 01:13:40,280
Speaker 2: Well, you know on that point, Rosemary is you know

1497
01:13:40,320 --> 01:13:43,080
Speaker 2: you're not your candidate in early September, I believe, and

1498
01:13:43,120 --> 01:13:45,599
Speaker 2: then twenty days later, two weeks later, I'm reading these

1499
01:13:45,600 --> 01:13:47,759
Speaker 2: stories about you, going wow, that's gonna be the shortest

1500
01:13:47,760 --> 01:13:50,240
Speaker 2: campaign ever. And it turns out not to be true.

1501
01:13:50,320 --> 01:13:52,639
Speaker 2: You know, and I pay attention to stuff. Most voters

1502
01:13:52,680 --> 01:13:54,559
Speaker 2: don't have time to do this. It's not on them,

1503
01:13:54,560 --> 01:13:56,280
Speaker 2: it's not you know, people are stupid. It's just they

1504
01:13:56,680 --> 01:13:58,200
Speaker 2: they hear one thing and they move on. There's so

1505
01:13:58,280 --> 01:14:00,920
Speaker 2: much out there is. But the thing is this damaged

1506
01:14:00,960 --> 01:14:03,040
Speaker 2: in any way, shape or form. So far you're fundraising,

1507
01:14:03,040 --> 01:14:05,639
Speaker 2: maybe volunteer recruitment, things like.

1508
01:14:05,600 --> 01:14:12,679
Speaker 5: That, the well, not necessarily it's done. It's done some damage.

1509
01:14:12,720 --> 01:14:14,720
Speaker 5: You know. Of course your team starts and they're like,

1510
01:14:14,760 --> 01:14:18,000
Speaker 5: what's going on? And so it does have some turnaround.

1511
01:14:18,479 --> 01:14:23,040
Speaker 5: But you know, again, I'm a person that's resilient. You know,

1512
01:14:23,120 --> 01:14:25,960
Speaker 5: I came from the urban corep I built my nonprofit

1513
01:14:26,400 --> 01:14:29,599
Speaker 5: from nothing. You know, you want to talk about building

1514
01:14:29,600 --> 01:14:32,040
Speaker 5: yourself up from the bootstrap. I mean I didn't even

1515
01:14:32,080 --> 01:14:34,000
Speaker 5: have boots at one point in my life. I started

1516
01:14:34,040 --> 01:14:37,080
Speaker 5: my life as a teen mom who built this, you know,

1517
01:14:37,200 --> 01:14:40,360
Speaker 5: million dollar non profit organization to be able to support

1518
01:14:40,400 --> 01:14:44,360
Speaker 5: teen parents. We're still the only organization doing that work.

1519
01:14:45,000 --> 01:14:46,960
Speaker 5: And you know, there were a lot of people when

1520
01:14:47,000 --> 01:14:49,720
Speaker 5: I first started saying, hey, you don't want to name

1521
01:14:49,760 --> 01:14:52,880
Speaker 5: your organization Rosemary's Babies. Hey, they're never going to support

1522
01:14:52,920 --> 01:14:56,320
Speaker 5: teenage pregnancy. You know, just all of these things, there's

1523
01:14:56,439 --> 01:14:59,360
Speaker 5: never been a barrier that hasn't been put in my way.

1524
01:14:59,520 --> 01:15:02,800
Speaker 5: This is a new obstacle, but an opportunity for me

1525
01:15:03,439 --> 01:15:07,559
Speaker 5: to turn it around. Look at systems where we are

1526
01:15:07,640 --> 01:15:12,880
Speaker 5: toddling criminals at the frundians and pretending consequences don't matter

1527
01:15:12,920 --> 01:15:16,280
Speaker 5: on the back end. And again, I didn't hide, I

1528
01:15:16,320 --> 01:15:19,360
Speaker 5: didn't quit, I didn't pourt singers. I faced the head on,

1529
01:15:19,680 --> 01:15:23,320
Speaker 5: I told the truth and I kept serving. And that's

1530
01:15:23,320 --> 01:15:26,760
Speaker 5: serving my nonprofit. That's serving a community and going out

1531
01:15:26,760 --> 01:15:28,400
Speaker 5: here at getting in front of this saying I'm going

1532
01:15:28,439 --> 01:15:30,479
Speaker 5: to serve Southwest Ohio, just the.

1533
01:15:30,439 --> 01:15:33,240
Speaker 2: Same Holloway House I belive right off Writing Road. And

1534
01:15:33,800 --> 01:15:36,599
Speaker 2: how many young people teenagers you.

1535
01:15:36,560 --> 01:15:40,920
Speaker 5: Serve so yearlyague So it's a resource center as well

1536
01:15:40,920 --> 01:15:44,000
Speaker 5: as a transitional housing. It's the only one Ohio, Kentucky,

1537
01:15:44,040 --> 01:15:47,080
Speaker 5: and Indiana that is serving young parents under the age

1538
01:15:47,120 --> 01:15:50,280
Speaker 5: at eighteen. We can serve up to seven moms and

1539
01:15:50,360 --> 01:15:53,479
Speaker 5: a baby that are fourteen people total on site. But

1540
01:15:53,720 --> 01:15:58,840
Speaker 5: yearly Rosemary's Babies Organization serves over two hundred plus teen

1541
01:15:58,920 --> 01:16:01,839
Speaker 5: moms and dads between the ages and nine and nineteen.

1542
01:16:02,280 --> 01:16:04,839
Speaker 5: And since we still open our doors in twenty sixteen,

1543
01:16:05,560 --> 01:16:09,160
Speaker 5: we've served over three thousand young parents. And again that's

1544
01:16:09,240 --> 01:16:12,559
Speaker 5: why I wanted to run too, you know, I.

1545
01:16:12,640 --> 01:16:15,080
Speaker 1: Tell teen parents, you can change your trajectory.

1546
01:16:15,400 --> 01:16:18,080
Speaker 5: We just have to from the point that they choose

1547
01:16:18,120 --> 01:16:21,920
Speaker 5: to parents, remind them that this is an obstacle, but

1548
01:16:22,000 --> 01:16:24,640
Speaker 5: it's an opportunity for you not to be dependent on

1549
01:16:24,680 --> 01:16:27,559
Speaker 5: the government system, for you to get an education, for

1550
01:16:27,680 --> 01:16:31,519
Speaker 5: you to ensure that your kids have educational success along

1551
01:16:31,560 --> 01:16:35,080
Speaker 5: with you. Because I'm all for educational options, I'm all

1552
01:16:35,120 --> 01:16:40,240
Speaker 5: for trades, I'm all for ensuring that these kids understand investments.

1553
01:16:40,439 --> 01:16:43,840
Speaker 5: So we're doing all of the things that this administration

1554
01:16:44,360 --> 01:16:46,599
Speaker 5: has now put out here, and I was like, wow,

1555
01:16:46,760 --> 01:16:49,160
Speaker 5: I'm doing that. I've been doing that for the last decade,

1556
01:16:49,520 --> 01:16:53,479
Speaker 5: you know, teaching kids about stock and teaching kids, you know,

1557
01:16:53,600 --> 01:16:56,400
Speaker 5: especially these young people when they get jobs, to get

1558
01:16:56,439 --> 01:16:59,280
Speaker 5: the health insurance through their employer, and what it means

1559
01:16:59,280 --> 01:17:00,480
Speaker 5: to get life insurance.

1560
01:17:01,080 --> 01:17:01,280
Speaker 1: You know.

1561
01:17:01,520 --> 01:17:04,400
Speaker 5: I was a postal worker when I at nineteen, I

1562
01:17:04,400 --> 01:17:06,120
Speaker 5: started working at the post office. I was there for

1563
01:17:06,160 --> 01:17:09,920
Speaker 5: seventeen years, so understand that whole life. And when I

1564
01:17:09,920 --> 01:17:12,800
Speaker 5: went in at nineteen, I was like thrift savings five

1565
01:17:12,840 --> 01:17:22,439
Speaker 5: oh one. See, you know, yeah, like you weren't thinking

1566
01:17:22,439 --> 01:17:25,160
Speaker 5: about that stuff at nineteen, but here I am.

1567
01:17:25,240 --> 01:17:26,519
Speaker 1: Much older, much more.

1568
01:17:26,640 --> 01:17:29,599
Speaker 5: But sure, and I'm like, wow, what if I would

1569
01:17:29,600 --> 01:17:32,759
Speaker 5: have done that at nineteen. So that's why Trump accounts

1570
01:17:32,800 --> 01:17:36,800
Speaker 5: are so vital and educating those kids while they've given them,

1571
01:17:37,439 --> 01:17:39,920
Speaker 5: while they'll set them up for the parents to watch.

1572
01:17:40,160 --> 01:17:42,960
Speaker 5: We definitely need our school systems to understand help our

1573
01:17:43,040 --> 01:17:48,240
Speaker 5: kids understand understand what money means and how those can

1574
01:17:48,320 --> 01:17:51,320
Speaker 5: secure over time and grow. So we need to implement

1575
01:17:51,360 --> 01:17:54,479
Speaker 5: those types of things in school systems too, along with

1576
01:17:55,040 --> 01:17:58,559
Speaker 5: you know the constitution and you know the Charlie Kirk

1577
01:17:58,760 --> 01:18:03,360
Speaker 5: feel and legislation that just recently is going through the

1578
01:18:03,439 --> 01:18:06,639
Speaker 5: state to be approved and everything like that. So along

1579
01:18:06,680 --> 01:18:09,160
Speaker 5: with that, we need to do more money education as

1580
01:18:09,200 --> 01:18:14,080
Speaker 5: well as education in our school system about set in

1581
01:18:14,200 --> 01:18:19,439
Speaker 5: order to feed the jobs in our economy and through

1582
01:18:19,479 --> 01:18:21,920
Speaker 5: manufacturing it and all of those.

1583
01:18:21,720 --> 01:18:22,519
Speaker 1: Things we need.

1584
01:18:22,800 --> 01:18:25,040
Speaker 5: We need these pipelines, you know, we need to do

1585
01:18:25,080 --> 01:18:25,559
Speaker 5: them earlier.

1586
01:18:25,720 --> 01:18:28,240
Speaker 2: Rusmy real quick as a small business person, myself a

1587
01:18:28,240 --> 01:18:30,519
Speaker 2: small business person, and you hit on a bunch of

1588
01:18:30,560 --> 01:18:34,920
Speaker 2: touchdowns area, mental health, team health, the small business element

1589
01:18:34,960 --> 01:18:37,360
Speaker 2: of this thing too. Healthcare is such a big component.

1590
01:18:37,400 --> 01:18:40,639
Speaker 2: There's so many small businesses don't can't afford health care

1591
01:18:40,680 --> 01:18:43,320
Speaker 2: for their employees. You know, the bulk of Americans get

1592
01:18:43,360 --> 01:18:46,680
Speaker 2: their healthcare from where they work. But you know, I've

1593
01:18:46,720 --> 01:18:49,040
Speaker 2: said for a long time, especially with the gig economy

1594
01:18:49,040 --> 01:18:51,240
Speaker 2: the way it is, if you could free healthcare from

1595
01:18:51,280 --> 01:18:55,320
Speaker 2: your workplace, my god, the economy would go gangbusters. Bringing

1596
01:18:55,360 --> 01:18:57,839
Speaker 2: a unique perspective to d C. What would you differently

1597
01:18:57,840 --> 01:18:59,759
Speaker 2: with healthcare plan the Republicans are offering.

1598
01:19:00,840 --> 01:19:04,200
Speaker 5: Yeah, I mean, ultimately we do need to be able

1599
01:19:04,240 --> 01:19:08,240
Speaker 5: to have that open market. Of course, I looked at them.

1600
01:19:08,439 --> 01:19:11,360
Speaker 5: I'm a nonprofit that started from the bootstraps at a

1601
01:19:11,360 --> 01:19:15,000
Speaker 5: small distance on her two and actually worked a part

1602
01:19:15,040 --> 01:19:17,960
Speaker 5: time job while I was starting my nonprofit so I

1603
01:19:17,960 --> 01:19:20,519
Speaker 5: could keep my health insurance, you know, because I had

1604
01:19:20,600 --> 01:19:23,880
Speaker 5: kids in a family, and so my perspective is very

1605
01:19:23,880 --> 01:19:26,320
Speaker 5: different and it needs to be affordable, while at the

1606
01:19:26,320 --> 01:19:30,439
Speaker 5: same time government can't hold up that weight, like what's

1607
01:19:30,479 --> 01:19:33,480
Speaker 5: happening with the Affordable Care Act for what people call Obamacare.

1608
01:19:34,400 --> 01:19:35,800
Speaker 1: We can't continue to fuel that.

1609
01:19:36,320 --> 01:19:39,080
Speaker 5: And you know, I do like the idea of giving

1610
01:19:39,360 --> 01:19:41,639
Speaker 5: a rebate that's the citizens for them to be able

1611
01:19:41,680 --> 01:19:45,439
Speaker 5: to go into the marketplace to get affordable health care

1612
01:19:45,880 --> 01:19:48,120
Speaker 5: or to buy into their health care or gets tax

1613
01:19:48,240 --> 01:19:50,800
Speaker 5: rebates if you get it through your employer. So I

1614
01:19:50,800 --> 01:19:53,479
Speaker 5: think that it has to be a mixed model. It

1615
01:19:53,520 --> 01:19:56,960
Speaker 5: can't just be one model because it's such a huge problem.

1616
01:19:57,200 --> 01:20:00,720
Speaker 5: While it's the same time, you know, our health is

1617
01:20:00,760 --> 01:20:04,120
Speaker 5: vitally important as well, especially for those areas that can't

1618
01:20:04,120 --> 01:20:07,800
Speaker 5: get to hospitals or they don't have hospitals in those areas.

1619
01:20:08,120 --> 01:20:11,040
Speaker 5: You know, our clinics are vitally important because I'm all

1620
01:20:11,080 --> 01:20:14,720
Speaker 5: about safety net organizations. Are our clinics able to help

1621
01:20:14,760 --> 01:20:17,160
Speaker 5: and can people do people understands that they can utilize

1622
01:20:17,200 --> 01:20:20,800
Speaker 5: those clinics and urgent cares instead of going to hospitals

1623
01:20:20,800 --> 01:20:23,320
Speaker 5: in order to reduce costs. One of the things that

1624
01:20:23,520 --> 01:20:27,240
Speaker 5: we always did it within our organization, we educated young moms,

1625
01:20:27,520 --> 01:20:31,440
Speaker 5: don't take your baby to emergency every time there's an issue.

1626
01:20:31,640 --> 01:20:36,320
Speaker 5: Their sellhealth. There's your primary care doctor for educating people

1627
01:20:36,800 --> 01:20:40,640
Speaker 5: at the lowest level, helping them read through their policies

1628
01:20:40,680 --> 01:20:44,320
Speaker 5: and understand what's all entailed with that. Because a lot

1629
01:20:44,320 --> 01:20:48,640
Speaker 5: of these policies are offering and sent us for workforce development,

1630
01:20:49,000 --> 01:20:52,000
Speaker 5: I just felt like an HMO policy that they're offering

1631
01:20:52,200 --> 01:20:56,640
Speaker 5: workforce help and things such as that, and transportation to

1632
01:20:56,800 --> 01:21:00,479
Speaker 5: hospital and medical visits and gift cards if you go

1633
01:21:00,680 --> 01:21:04,640
Speaker 5: to your preventative care appointments and things such as that,

1634
01:21:04,720 --> 01:21:07,880
Speaker 5: and so there's so many things that are build seeing,

1635
01:21:08,160 --> 01:21:10,479
Speaker 5: but a lot of people don't understand and know that.

1636
01:21:10,960 --> 01:21:16,040
Speaker 5: And as a safety that person that navigating the nonprofit

1637
01:21:16,160 --> 01:21:19,679
Speaker 5: and social service sector, we need to educate people. And

1638
01:21:19,960 --> 01:21:22,639
Speaker 5: it's not necessarily my job to do it, but as

1639
01:21:22,640 --> 01:21:26,799
Speaker 5: a government official, to listen to our constituents and ensure

1640
01:21:26,840 --> 01:21:30,280
Speaker 5: that they have the resources and tools necessary to be

1641
01:21:30,320 --> 01:21:31,880
Speaker 5: able to navigate their own lives.

1642
01:21:32,160 --> 01:21:34,080
Speaker 3: That's what's now. Government is gotcha.

1643
01:21:34,400 --> 01:21:38,480
Speaker 2: She is Rosemary Oglesby Henry, founder CEO Rosemary's Babies, Republican

1644
01:21:38,520 --> 01:21:41,799
Speaker 2: candidate for Congress, the first district running against at Greg's Lanceman.

1645
01:21:42,000 --> 01:21:44,360
Speaker 2: You know, Rosemary, thanks for taking time out. I appreciate it.

1646
01:21:44,400 --> 01:21:47,120
Speaker 2: I love your story, I love your your wealth of experience.

1647
01:21:47,120 --> 01:21:50,479
Speaker 2: Most of all, love your resilience, resiliency. Good luck in

1648
01:21:50,520 --> 01:21:52,240
Speaker 2: this campaign. I'm sure we'll talk again in the future.

1649
01:21:52,920 --> 01:21:55,240
Speaker 5: Yes, thank you so much. Let's turn a Rosemary d

1650
01:21:55,320 --> 01:21:57,960
Speaker 5: And don't forget December nineteenth, the Sensations Review. You can

1651
01:21:57,960 --> 01:21:58,879
Speaker 5: find it on the website.

1652
01:21:58,920 --> 01:22:00,840
Speaker 1: Appreciate it's a dot com.

1653
01:22:00,920 --> 01:22:03,639
Speaker 3: Yes, ma'am, good luck, Thank you all right, see you later.

1654
01:22:03,640 --> 01:22:05,040
Speaker 2: We got to get a time out ever like her

1655
01:22:05,080 --> 01:22:07,519
Speaker 2: a lot. We'll get a news update in and more

1656
01:22:07,520 --> 01:22:11,240
Speaker 2: to follow. Scott's Loland Show seven hundred W Time to talk.

1657
01:22:11,000 --> 01:22:13,280
Speaker 3: About money, how to make it, how.

1658
01:22:13,160 --> 01:22:16,639
Speaker 4: To keep it, and how to keep others off your stack.

1659
01:22:20,560 --> 01:22:24,120
Speaker 3: This is all Worth Advice with Andy Shaeffer. Tuesday morning,

1660
01:22:24,200 --> 01:22:25,160
Speaker 3: we check on your money.

1661
01:22:25,200 --> 01:22:28,920
Speaker 2: Money never sleeps, and our buddy Andy Shaeffer from All

1662
01:22:29,000 --> 01:22:31,479
Speaker 2: War Financial jumps on the show to discuss all this

1663
01:22:31,600 --> 01:22:31,880
Speaker 2: and more.

1664
01:22:31,920 --> 01:22:35,080
Speaker 3: On seven hundred w W. Drew, how are you, good morning, Scott?

1665
01:22:35,080 --> 01:22:36,720
Speaker 3: How are you today? I'm doing well. I'm doing well.

1666
01:22:36,760 --> 01:22:38,920
Speaker 2: Can you make sense of this whole paramount thing? I

1667
01:22:38,920 --> 01:22:42,439
Speaker 2: think you know, it's you know, typically we talk about

1668
01:22:42,520 --> 01:22:44,280
Speaker 2: numbers and we'll talk. We'll get into of course, you

1669
01:22:44,320 --> 01:22:45,880
Speaker 2: know what the Fed's going to do, and that's kind

1670
01:22:45,880 --> 01:22:48,800
Speaker 2: of back room for a lot of people. But interesting,

1671
01:22:49,520 --> 01:22:52,320
Speaker 2: what's happening here in the in the shift, that's happening

1672
01:22:52,360 --> 01:22:55,280
Speaker 2: in Hollywood h so many it's intro I was pointing

1673
01:22:55,320 --> 01:22:57,799
Speaker 2: us out earlier, is how many you know the unions

1674
01:22:57,840 --> 01:23:00,400
Speaker 2: we at the team stairs, be it the screen writer Guild,

1675
01:23:00,439 --> 01:23:03,280
Speaker 2: everyone fighting against it, saying it's going to destroy theaters.

1676
01:23:03,800 --> 01:23:07,599
Speaker 2: But what drives American business is consumer demand, whether it's

1677
01:23:07,640 --> 01:23:11,559
Speaker 2: cars or movies. It's all about us deciding what we want.

1678
01:23:12,479 --> 01:23:14,760
Speaker 8: Yeah, this is very fascinating to me, and I think

1679
01:23:15,360 --> 01:23:17,800
Speaker 8: I'd like to lead with the money that's involved first,

1680
01:23:17,800 --> 01:23:20,200
Speaker 8: and then we can get into the political landscape and

1681
01:23:20,240 --> 01:23:23,000
Speaker 8: what that means and as far as Washington is concerned.

1682
01:23:23,040 --> 01:23:28,559
Speaker 8: But essentially Netflix was approved to buy Warner Brothers. It

1683
01:23:28,640 --> 01:23:34,160
Speaker 8: was a seventy or seventy two billion dollar purchase and essentially,

1684
01:23:34,600 --> 01:23:38,000
Speaker 8: you know, Warner Brothers agreed to that, the managers did there.

1685
01:23:38,160 --> 01:23:41,559
Speaker 8: And you know, when you look at Netflix, that's the

1686
01:23:41,600 --> 01:23:46,920
Speaker 8: company behind HBO, CNN, the Fame Movie O Studio, and

1687
01:23:47,280 --> 01:23:49,600
Speaker 8: so Warner Brothers is very attractive. You know, they have

1688
01:23:49,800 --> 01:23:53,439
Speaker 8: the Harry Potter franchise along with some other things. And

1689
01:23:53,479 --> 01:23:56,080
Speaker 8: so we call that kind of a friendly takeover. And

1690
01:23:56,080 --> 01:23:59,200
Speaker 8: what that means is that the border directors for both

1691
01:23:59,280 --> 01:24:01,599
Speaker 8: Netflix and World Brothers kind of agreed to the deal

1692
01:24:02,520 --> 01:24:04,880
Speaker 8: and everything seemed honckey dory, and then all of a sudden,

1693
01:24:04,920 --> 01:24:07,160
Speaker 8: paramount comes in and they say, okay, well we're going

1694
01:24:07,200 --> 01:24:11,360
Speaker 8: to offer seventy four point four billion over top of them,

1695
01:24:11,479 --> 01:24:13,960
Speaker 8: and a bigger portion of that is going to be

1696
01:24:13,960 --> 01:24:16,479
Speaker 8: a cash buy out. And this is what's considered a

1697
01:24:16,520 --> 01:24:20,360
Speaker 8: hostile takeover. Netflix did not agree to this, and people say, well,

1698
01:24:20,400 --> 01:24:24,559
Speaker 8: what does the hospital takeover mean? Well, essentially, hostile takeover

1699
01:24:24,960 --> 01:24:30,040
Speaker 8: is where corporation, the acquiring corporation it takes, attempts to

1700
01:24:30,040 --> 01:24:32,680
Speaker 8: take over the other corporation with the agreement of the

1701
01:24:32,720 --> 01:24:36,559
Speaker 8: target corporation's board of directors. Essentially, what they do is

1702
01:24:36,600 --> 01:24:39,920
Speaker 8: they offer the shareholders for their shares what's known as

1703
01:24:39,960 --> 01:24:42,280
Speaker 8: a tender offer, and if you have enough shares that

1704
01:24:42,320 --> 01:24:48,000
Speaker 8: are purchased, basically that acquiring company, you know, replaces the

1705
01:24:48,000 --> 01:24:50,840
Speaker 8: current board directors with their own. And you know, it's

1706
01:24:50,880 --> 01:24:54,240
Speaker 8: it's not looked upon favorably from the acquiring firm's point

1707
01:24:54,240 --> 01:24:57,160
Speaker 8: of view. There's usually a lot of static intention, but

1708
01:24:57,200 --> 01:24:59,680
Speaker 8: it is a way to acquire a company. And you know,

1709
01:24:59,720 --> 01:25:02,360
Speaker 8: I think it's very interesting what's going on right now

1710
01:25:02,360 --> 01:25:03,960
Speaker 8: as far as those two corporations.

1711
01:25:03,960 --> 01:25:06,479
Speaker 3: Won't after war Warner Brothers, Yeah, it is. It's theater

1712
01:25:06,560 --> 01:25:07,800
Speaker 3: in and of itself too, is that?

1713
01:25:08,000 --> 01:25:09,639
Speaker 2: Uh, Michel like, well, we're not going to do this, fine,

1714
01:25:09,640 --> 01:25:11,519
Speaker 2: We'll just go right to your shareholders and we'll cut

1715
01:25:11,560 --> 01:25:12,000
Speaker 2: your throats.

1716
01:25:12,280 --> 01:25:14,800
Speaker 8: That's okay, Yeah, yeah, I mean I kind of enjoy

1717
01:25:14,840 --> 01:25:15,559
Speaker 8: a hostele taker.

1718
01:25:16,760 --> 01:25:20,200
Speaker 2: But but and that is important parcel do to They

1719
01:25:20,280 --> 01:25:22,160
Speaker 2: just want old Hollywood. You know, we can't get rid

1720
01:25:22,160 --> 01:25:24,160
Speaker 2: of Warner I think Jane Fonda wrote a letter right

1721
01:25:24,200 --> 01:25:27,800
Speaker 2: about how this is just devastating and Warner Brothers. It's like, yeah,

1722
01:25:28,320 --> 01:25:30,840
Speaker 2: that doesn't mean anything to people anymore. It's not this

1723
01:25:30,880 --> 01:25:32,519
Speaker 2: isn't the nineteen thirties and forties.

1724
01:25:32,960 --> 01:25:35,439
Speaker 8: No, And I think there's some nostalgia that's wrapped up

1725
01:25:35,479 --> 01:25:38,040
Speaker 8: into that. You know, we grew up with Warner Brothers,

1726
01:25:38,120 --> 01:25:41,559
Speaker 8: su and so you know, there's even a little old

1727
01:25:41,600 --> 01:25:45,120
Speaker 8: studio that's down there by Central Parkway that I passed

1728
01:25:45,120 --> 01:25:45,760
Speaker 8: by and I look at it.

1729
01:25:45,840 --> 01:25:47,080
Speaker 3: I was like, oh, that's kind of neat. Yeah.

1730
01:25:47,120 --> 01:25:49,320
Speaker 8: But at the end of the day, it's about commerce.

1731
01:25:49,680 --> 01:25:53,439
Speaker 8: It's about the shareholders. When you have a large public traded,

1732
01:25:53,960 --> 01:25:57,160
Speaker 8: publicly traded company, their main focus is on.

1733
01:25:57,120 --> 01:25:58,160
Speaker 3: Rewarding the shareholders.

1734
01:25:58,160 --> 01:26:00,360
Speaker 8: And if you are a shareholder of Warner Brothers, both

1735
01:26:00,400 --> 01:26:04,080
Speaker 8: of these deals could potentially be attractive, and the one

1736
01:26:04,080 --> 01:26:06,240
Speaker 8: that Paramount is offering right now is a little bit

1737
01:26:06,240 --> 01:26:09,160
Speaker 8: more attractive now. You know that the board of directors

1738
01:26:09,160 --> 01:26:11,920
Speaker 8: for Netflix aren't happy about it, and the board of

1739
01:26:11,920 --> 01:26:14,280
Speaker 8: directors for Warner Brothers thought it was all wrapped up.

1740
01:26:14,320 --> 01:26:17,519
Speaker 8: But this is legal, and it's something that happens every

1741
01:26:17,520 --> 01:26:19,080
Speaker 8: once in a while. You just don't see it with

1742
01:26:19,200 --> 01:26:21,839
Speaker 8: big name type of companies that are in the mainstream

1743
01:26:21,960 --> 01:26:22,360
Speaker 8: very often.

1744
01:26:22,479 --> 01:26:24,920
Speaker 2: And we're not going to theaters like we once used to,

1745
01:26:25,000 --> 01:26:28,200
Speaker 2: and that is because of the advent of affordable, cheap,

1746
01:26:28,280 --> 01:26:30,960
Speaker 2: big screen TVs and surround sound systems, and it's just

1747
01:26:31,320 --> 01:26:33,000
Speaker 2: you look at it going there's a few things I

1748
01:26:33,040 --> 01:26:35,000
Speaker 2: might go to the theater for, but you know, another

1749
01:26:35,280 --> 01:26:38,080
Speaker 2: I don't know what, another tire George Clooney movie. I'm

1750
01:26:38,400 --> 01:26:40,360
Speaker 2: I'm not going to do that, and people just like, okay,

1751
01:26:40,479 --> 01:26:42,559
Speaker 2: wait till it comes on streaming. And that's how we're

1752
01:26:42,560 --> 01:26:45,120
Speaker 2: consuming content these days. I mean, our industry here and

1753
01:26:45,200 --> 01:26:47,800
Speaker 2: radio is going through that. Everyone TV, everyone's going through

1754
01:26:47,800 --> 01:26:49,920
Speaker 2: that right now. I find a quaint though, when they

1755
01:26:49,920 --> 01:26:52,360
Speaker 2: talk about the historic with the Warner Brothers company and

1756
01:26:52,360 --> 01:26:54,800
Speaker 2: what it means to America and all the theaters that

1757
01:26:54,800 --> 01:26:56,680
Speaker 2: are going to go out of business because of this

1758
01:26:57,080 --> 01:27:00,000
Speaker 2: takeover and it's just it's going to just decimate small time.

1759
01:27:00,479 --> 01:27:02,639
Speaker 2: I don't know how many small towns have theaters anymore,

1760
01:27:03,280 --> 01:27:05,400
Speaker 2: probably because people aren't going to them. And the other

1761
01:27:05,560 --> 01:27:07,679
Speaker 2: thing is, it's kind of funny because if you go back,

1762
01:27:07,760 --> 01:27:10,720
Speaker 2: I don't know, one hundred plus years, when you had

1763
01:27:10,760 --> 01:27:13,600
Speaker 2: the Tycoons and the Warner Brothers and the MGMs of

1764
01:27:13,640 --> 01:27:17,560
Speaker 2: the world essentially running entertainment in America, they didn't.

1765
01:27:17,280 --> 01:27:18,960
Speaker 3: Seem to go, hey, you know what, what.

1766
01:27:18,960 --> 01:27:22,080
Speaker 2: About all these poor vaudeville theaters and vaude billions that

1767
01:27:22,200 --> 01:27:26,000
Speaker 2: keep acting? What about their jobs? And it's kind of

1768
01:27:26,000 --> 01:27:28,720
Speaker 2: funny how you complain. You know, you take them and go, oh,

1769
01:27:28,720 --> 01:27:30,800
Speaker 2: that's technology, man, film, it's technology.

1770
01:27:30,920 --> 01:27:32,759
Speaker 3: It's Charlie Chaplin. He's not going away.

1771
01:27:33,080 --> 01:27:35,280
Speaker 2: And you fast forward to today and it's like, guess what,

1772
01:27:35,400 --> 01:27:37,599
Speaker 2: Charlie Chaplin's going away. But I got on my phone,

1773
01:27:37,640 --> 01:27:40,040
Speaker 2: I got out of my home theater. And we just

1774
01:27:40,080 --> 01:27:43,240
Speaker 2: simply don't care that small theaters and theater chains are

1775
01:27:43,240 --> 01:27:45,040
Speaker 2: going to go under because it's not how we are

1776
01:27:45,080 --> 01:27:46,280
Speaker 2: consuming content anymore.

1777
01:27:46,479 --> 01:27:48,160
Speaker 8: No, you make a lot of good points, and theaters

1778
01:27:48,160 --> 01:27:50,719
Speaker 8: have been going by the wayside for years. Warner Brothers

1779
01:27:50,720 --> 01:27:52,360
Speaker 8: doesn't have anything to do with it. And a lot

1780
01:27:52,360 --> 01:27:54,360
Speaker 8: of times in small towns, you know, look at the

1781
01:27:54,360 --> 01:27:56,760
Speaker 8: theater and Oakley, that's more of an event center than

1782
01:27:56,800 --> 01:27:59,679
Speaker 8: anything else. Right, You have weddings there, you have parties

1783
01:27:59,680 --> 01:28:01,680
Speaker 8: and things like that. You know, there's a theater out

1784
01:28:01,720 --> 01:28:04,080
Speaker 8: here on the east side of town that and Amelia

1785
01:28:04,120 --> 01:28:06,200
Speaker 8: were close to where I live, and you know, that

1786
01:28:06,320 --> 01:28:08,960
Speaker 8: shut down a handful of months ago, and finally it

1787
01:28:09,080 --> 01:28:11,400
Speaker 8: was reopened and you might see two cars in there,

1788
01:28:11,479 --> 01:28:14,599
Speaker 8: you know, in an evening. So you know, when you

1789
01:28:14,600 --> 01:28:17,439
Speaker 8: have the ability to buy a nice, big, cheap TV

1790
01:28:17,640 --> 01:28:19,640
Speaker 8: and sit in the comfort of your home and have

1791
01:28:19,720 --> 01:28:23,280
Speaker 8: the refrigerator nearby and make your own popcorn, not only

1792
01:28:23,320 --> 01:28:25,360
Speaker 8: is it a better experience, but it's more affordable for

1793
01:28:25,439 --> 01:28:28,760
Speaker 8: most people. And so, you know, Warner Brothers, you know

1794
01:28:29,000 --> 01:28:31,280
Speaker 8: they're not going to be able to stop the transition

1795
01:28:31,400 --> 01:28:34,880
Speaker 8: from people enjoying movies from their home more than going

1796
01:28:34,920 --> 01:28:35,360
Speaker 8: to the theater.

1797
01:28:35,439 --> 01:28:38,040
Speaker 2: At this point, Okay, well, let's pivot to what's going on.

1798
01:28:38,280 --> 01:28:40,719
Speaker 2: I saw this and this is the odds in America.

1799
01:28:40,760 --> 01:28:43,400
Speaker 2: Two things. A lot of households are nearing the end

1800
01:28:43,439 --> 01:28:45,360
Speaker 2: of the year saying well, I'm a little nervous about

1801
01:28:45,360 --> 01:28:48,880
Speaker 2: the economy, but we keep spending. We mentioned credit card

1802
01:28:48,880 --> 01:28:50,800
Speaker 2: debt being at an all time high, but people are

1803
01:28:50,920 --> 01:28:52,640
Speaker 2: throwing caution the winter, going hell, I got to live

1804
01:28:52,680 --> 01:28:54,479
Speaker 2: for today. I'm going to have a good Christmas. At

1805
01:28:54,479 --> 01:28:57,760
Speaker 2: the same time as people look at their finances, there

1806
01:28:57,760 --> 01:29:01,080
Speaker 2: are one thousand new millionaires made a minute in the

1807
01:29:01,200 --> 01:29:04,280
Speaker 2: United States of America, and that's largely because of the

1808
01:29:04,360 --> 01:29:07,280
Speaker 2: stock market rating, as it has been about a thousand

1809
01:29:07,400 --> 01:29:10,559
Speaker 2: new millionaires a minute in the United States versus going

1810
01:29:11,120 --> 01:29:13,439
Speaker 2: I I'm just gonna max up my credit cards in

1811
01:29:13,560 --> 01:29:16,920
Speaker 2: order to afford Christmas. Explain the disconnect there to.

1812
01:29:16,880 --> 01:29:20,000
Speaker 8: Me, Well, a lot of times these millionaires have money

1813
01:29:20,040 --> 01:29:22,120
Speaker 8: that's wrapped up in four to one k's four or

1814
01:29:22,160 --> 01:29:24,559
Speaker 8: three bs other types of retirement plans. And you know,

1815
01:29:24,600 --> 01:29:27,320
Speaker 8: I managed three hundred and fifty households approximately, And I

1816
01:29:27,400 --> 01:29:30,800
Speaker 8: see new millionaires with the clients that I work with

1817
01:29:30,840 --> 01:29:33,000
Speaker 8: almost every week, and it's always a fun meeting, and

1818
01:29:33,080 --> 01:29:34,920
Speaker 8: and you know, I tell them it's like, Hey, you.

1819
01:29:34,920 --> 01:29:36,000
Speaker 3: Met a milestone here.

1820
01:29:36,040 --> 01:29:38,080
Speaker 8: And you know, because the market's been so good over

1821
01:29:38,120 --> 01:29:40,120
Speaker 8: the last three years, if you've been patient and had

1822
01:29:40,160 --> 01:29:44,759
Speaker 8: poise and invested smartly, and stayed the course. Then certainly

1823
01:29:44,760 --> 01:29:47,240
Speaker 8: your accounts have benefited from that. I think as far

1824
01:29:47,240 --> 01:29:49,680
Speaker 8: as the consumer goes, the consumer is still spending. We

1825
01:29:49,760 --> 01:29:53,360
Speaker 8: are seeing credit card levels continue to increase. We are

1826
01:29:53,400 --> 01:29:57,479
Speaker 8: also seeing savings rates start to decrease. However, it hasn't

1827
01:29:57,479 --> 01:30:00,280
Speaker 8: gotten to the place where it's super alarming. The enemy

1828
01:30:00,360 --> 01:30:03,840
Speaker 8: still is in decent, a decent place right now. You know,

1829
01:30:04,320 --> 01:30:07,240
Speaker 8: we are slowing from a growth standpoint. It's likely that

1830
01:30:07,280 --> 01:30:10,719
Speaker 8: we will see growth this year somewhere between one percent

1831
01:30:10,760 --> 01:30:12,760
Speaker 8: and one and a half percent. But I do suspect

1832
01:30:13,040 --> 01:30:15,599
Speaker 8: that when we start to get into rate cuts next

1833
01:30:15,640 --> 01:30:18,120
Speaker 8: year will likely be a little bit more positive. We

1834
01:30:18,160 --> 01:30:20,639
Speaker 8: don't have the threat of a government shut down immediately. Now,

1835
01:30:20,640 --> 01:30:23,080
Speaker 8: we'll we'll see what happens, you know, early you know,

1836
01:30:23,160 --> 01:30:26,800
Speaker 8: late winter, early spring. But it does look like it

1837
01:30:27,160 --> 01:30:30,000
Speaker 8: things seem fairly positive moving forward.

1838
01:30:30,120 --> 01:30:32,719
Speaker 2: Okay, let's talk about the Fed. They got the meeting

1839
01:30:32,760 --> 01:30:34,759
Speaker 2: this week, We got the interest rate cut that's locked

1840
01:30:34,760 --> 01:30:35,240
Speaker 2: in right now.

1841
01:30:35,320 --> 01:30:38,040
Speaker 8: Quarter point yeah, yeah, I think at this point the

1842
01:30:38,040 --> 01:30:40,960
Speaker 8: market's already kind of baked that in. We expect a

1843
01:30:41,040 --> 01:30:44,760
Speaker 8: quarter point tomorrow is actually the meeting. We'll get the

1844
01:30:44,800 --> 01:30:47,600
Speaker 8: results at two o'clock. It's always fascinating to me to

1845
01:30:47,800 --> 01:30:50,880
Speaker 8: listen to FED Chairman Palett two thirty when he has

1846
01:30:50,920 --> 01:30:53,479
Speaker 8: his press conference. You know, usually I try to set

1847
01:30:53,479 --> 01:30:55,720
Speaker 8: a little bit of time out of my schedule to

1848
01:30:55,840 --> 01:30:58,080
Speaker 8: watch it and listen to the questions that are that

1849
01:30:58,160 --> 01:31:02,439
Speaker 8: are being presented to And it's fascinating because every time

1850
01:31:02,520 --> 01:31:06,000
Speaker 8: FED Chairman Powell has an answer, you know, investors are

1851
01:31:06,000 --> 01:31:08,360
Speaker 8: looking for guidance. What does he mean by the answer

1852
01:31:08,360 --> 01:31:10,519
Speaker 8: that he's giving. What does that say moving forward as

1853
01:31:10,560 --> 01:31:13,240
Speaker 8: far as the pace of interest rate cuts next year?

1854
01:31:13,280 --> 01:31:16,600
Speaker 8: And you can watch the market in real time respond

1855
01:31:16,840 --> 01:31:19,880
Speaker 8: to his comments at during that press conference, and you know,

1856
01:31:19,920 --> 01:31:22,120
Speaker 8: there's a lot of uncertainty there, but I think it'll

1857
01:31:22,120 --> 01:31:24,920
Speaker 8: probably be a pretty tame press conference tomorrow. We do

1858
01:31:25,040 --> 01:31:27,000
Speaker 8: expect a quarter percent cut, and I think at this

1859
01:31:27,120 --> 01:31:30,519
Speaker 8: point it's likely we see two more quarter percent cuts

1860
01:31:30,520 --> 01:31:33,120
Speaker 8: next year. But things are pretty calm, they don't have

1861
01:31:33,200 --> 01:31:35,120
Speaker 8: to move too quickly, and I think the FED feels

1862
01:31:35,120 --> 01:31:36,280
Speaker 8: like they're in a pretty good place right now.

1863
01:31:36,320 --> 01:31:38,719
Speaker 2: All right, defense target for inflation is about two percent.

1864
01:31:38,760 --> 01:31:41,720
Speaker 2: We're well above that right now, and therefore, this is

1865
01:31:41,720 --> 01:31:44,400
Speaker 2: why we're going to see this cascade of rate cuts.

1866
01:31:44,800 --> 01:31:46,439
Speaker 3: Yeah, well, you know, we are a.

1867
01:31:46,439 --> 01:31:48,879
Speaker 8: Little bit above that, but we are seeing the signs

1868
01:31:49,040 --> 01:31:53,320
Speaker 8: of the inflation cooling. We also haven't seen the impact

1869
01:31:53,479 --> 01:31:57,080
Speaker 8: of the inflation heating up due to the tariffs like

1870
01:31:57,120 --> 01:31:59,840
Speaker 8: we expected. Furthermore, we're starting to see some cracks in

1871
01:31:59,880 --> 01:32:02,799
Speaker 8: the labor market. You know, it's likely that we see

1872
01:32:03,520 --> 01:32:06,080
Speaker 8: an increase in unemployment next year to tick up a

1873
01:32:06,120 --> 01:32:08,680
Speaker 8: little bit. And I think that the FED wants to

1874
01:32:08,680 --> 01:32:10,600
Speaker 8: make sure that they get out in front of the

1875
01:32:10,680 --> 01:32:14,519
Speaker 8: labor market and unemployment more than they're worried about interest

1876
01:32:14,560 --> 01:32:16,080
Speaker 8: rates at this point. And so when they start to

1877
01:32:16,120 --> 01:32:19,519
Speaker 8: cut rates, that encouragees spending. It also gives businesses more

1878
01:32:19,560 --> 01:32:22,080
Speaker 8: flexibility to be able to hire, and so I think

1879
01:32:22,120 --> 01:32:23,320
Speaker 8: that's what the Fed is focused on.

1880
01:32:23,439 --> 01:32:23,599
Speaker 1: Yeah.

1881
01:32:23,640 --> 01:32:26,400
Speaker 2: Andy Schaeffer from Alworth on the show this morning Weekly

1882
01:32:26,439 --> 01:32:29,000
Speaker 2: tune up here with the money. This one jumped at me.

1883
01:32:29,439 --> 01:32:34,360
Speaker 2: The manufacturing index. So you look at the line that

1884
01:32:34,439 --> 01:32:37,679
Speaker 2: separates expansion from contraction, So you want to be above

1885
01:32:37,680 --> 01:32:40,400
Speaker 2: the line, obviously, and so for the ninth consecutive month

1886
01:32:40,840 --> 01:32:43,160
Speaker 2: and hitting, by the way, a new four month low.

1887
01:32:43,320 --> 01:32:45,200
Speaker 2: It went from forty eight points having a forty eight

1888
01:32:45,200 --> 01:32:47,120
Speaker 2: point two it doesn't sound like a lot, but it is.

1889
01:32:47,720 --> 01:32:49,120
Speaker 3: Yeah, it is significant.

1890
01:32:49,160 --> 01:32:52,560
Speaker 8: And so this is a data that's acquired by the

1891
01:32:52,640 --> 01:32:55,680
Speaker 8: Institute for Supply Management, and what they basically do is

1892
01:32:56,280 --> 01:32:58,960
Speaker 8: survey supply managers of major industries.

1893
01:32:59,000 --> 01:33:01,439
Speaker 3: And it's very so simple how this works.

1894
01:33:01,560 --> 01:33:04,599
Speaker 8: Essentially, the supply manager either scores one hundred if they

1895
01:33:04,640 --> 01:33:07,639
Speaker 8: feel that they're an expansionary phase, they scored a fifty

1896
01:33:07,680 --> 01:33:10,120
Speaker 8: if they think there's been no change, or they scored

1897
01:33:10,160 --> 01:33:12,519
Speaker 8: a zero. And so, if we get a number that's

1898
01:33:12,920 --> 01:33:16,040
Speaker 8: above fifty, that suggests expansion. If we get a number

1899
01:33:16,040 --> 01:33:20,840
Speaker 8: that's below fifty, that suggests contraction. And so the manufacturing

1900
01:33:20,840 --> 01:33:24,280
Speaker 8: index was below the fifty line. It's from forty eight

1901
01:33:24,280 --> 01:33:26,280
Speaker 8: point seven to forty eight point two. Well, you know

1902
01:33:26,320 --> 01:33:31,080
Speaker 8: that's not ideal. However, manufacturing is not the major component

1903
01:33:31,200 --> 01:33:35,040
Speaker 8: of our economy anymore. Back in the early nineteen hundreds,

1904
01:33:35,080 --> 01:33:38,360
Speaker 8: manufacturing amounted to about seventy percent of our economy, and

1905
01:33:38,439 --> 01:33:41,760
Speaker 8: at that time services only amounted to about thirty percent

1906
01:33:41,800 --> 01:33:44,080
Speaker 8: of our economy. Well, that has been reversed at this point.

1907
01:33:44,320 --> 01:33:46,799
Speaker 8: Services now is now about seventy percent of our economy

1908
01:33:46,800 --> 01:33:49,679
Speaker 8: and manufacturing is only thirty. And we saw the ISM

1909
01:33:49,840 --> 01:33:53,679
Speaker 8: Services Index improved to fifty two point four from fifty

1910
01:33:53,720 --> 01:33:55,680
Speaker 8: two point four to fifty two point six, and so

1911
01:33:56,120 --> 01:33:58,799
Speaker 8: that's the more important measure, and I think that really

1912
01:33:58,840 --> 01:34:02,240
Speaker 8: affirms that that, you know, most of the supply managers

1913
01:34:02,280 --> 01:34:05,240
Speaker 8: in the services industry feel pretty good about where things

1914
01:34:05,280 --> 01:34:06,000
Speaker 8: are moving forward.

1915
01:34:06,040 --> 01:34:08,080
Speaker 2: Okay, so what do we see about payroll numbers? And

1916
01:34:08,080 --> 01:34:09,080
Speaker 2: that's actual jobs.

1917
01:34:09,439 --> 01:34:13,320
Speaker 8: Yeah, payroll numbers unexpectedly fell by thirty two thousand and November.

1918
01:34:14,400 --> 01:34:17,280
Speaker 8: That's a sign that hiring is getting even more selective.

1919
01:34:18,360 --> 01:34:20,960
Speaker 8: You know, job has claims dropped to twenty seven thousand

1920
01:34:21,320 --> 01:34:23,760
Speaker 8: from twenty seven thousand to one hundred and ninety one

1921
01:34:23,760 --> 01:34:27,920
Speaker 8: thousand in the holiday shortened week of over Thanksgiving, but

1922
01:34:28,000 --> 01:34:30,519
Speaker 8: it was kind of distorted by Thanksgiving. So I think

1923
01:34:30,560 --> 01:34:33,840
Speaker 8: what this tells us is is not only our employers

1924
01:34:33,920 --> 01:34:36,760
Speaker 8: kind of freezing their hiring. If you have a job,

1925
01:34:36,800 --> 01:34:39,240
Speaker 8: you probably will keep your job. If you don't, it's

1926
01:34:39,280 --> 01:34:41,280
Speaker 8: getting more difficult to find a job.

1927
01:34:41,760 --> 01:34:42,880
Speaker 3: Okay, that makes sense.

1928
01:34:43,520 --> 01:34:45,720
Speaker 2: So, you know, we have a slow growth economy, we

1929
01:34:45,800 --> 01:34:48,160
Speaker 2: have soft manufacturing, labor's starting to cool off.

1930
01:34:48,840 --> 01:34:51,439
Speaker 3: What are we looking here for quarter four which we're on.

1931
01:34:52,000 --> 01:34:54,360
Speaker 8: Yeah, I think you know, quarter four, we're probably looking

1932
01:34:54,400 --> 01:34:57,120
Speaker 8: at a modest one to one point five percent growth.

1933
01:34:57,160 --> 01:34:59,160
Speaker 8: I do think we'll see a rebound in quarter one

1934
01:34:59,280 --> 01:35:02,599
Speaker 8: next year. The shutdown effects have faded, and I think that,

1935
01:35:03,280 --> 01:35:06,559
Speaker 8: you know, we might see a little bit of you know,

1936
01:35:06,880 --> 01:35:09,519
Speaker 8: a little bit more activity from higher than normal tax

1937
01:35:09,560 --> 01:35:12,400
Speaker 8: refunds due to a lot of the new refunds that

1938
01:35:12,400 --> 01:35:15,880
Speaker 8: have been implemented, you know. Moving forward this week, there's

1939
01:35:15,920 --> 01:35:18,360
Speaker 8: a number of things obviously, you know, I'm looking forward

1940
01:35:18,360 --> 01:35:20,639
Speaker 8: to hearing what FED Chairman Powell has to say tomorrow.

1941
01:35:21,720 --> 01:35:24,639
Speaker 8: We have the monthly US federal budget that's coming out

1942
01:35:24,680 --> 01:35:27,479
Speaker 8: tomorrow as well initial jobless claims on Thursday.

1943
01:35:28,400 --> 01:35:30,120
Speaker 3: We get inventories on Friday, and.

1944
01:35:30,080 --> 01:35:32,360
Speaker 8: We always, you know, as always, we'll get a number

1945
01:35:32,400 --> 01:35:35,479
Speaker 8: of FED speakers that like to tell us what they think, which.

1946
01:35:35,360 --> 01:35:38,120
Speaker 2: Is which is pretty much a steady drumbeat right there too.

1947
01:35:38,760 --> 01:35:40,680
Speaker 2: He's from mixing earnings in there, and we got a

1948
01:35:40,680 --> 01:35:42,760
Speaker 2: week ahead here. He is Andy Schaeffer at all Worth

1949
01:35:42,800 --> 01:35:45,400
Speaker 2: Financial this morning on the Scott's Loan Show on seven

1950
01:35:45,520 --> 01:35:48,160
Speaker 2: hundred w WELW check it in every Tuesday morning. Their

1951
01:35:48,160 --> 01:35:51,760
Speaker 2: show Simply Money, airs weeknights at six on fifty five

1952
01:35:51,880 --> 01:35:54,920
Speaker 2: k our scene of course available always on the podcast,

1953
01:35:55,400 --> 01:35:56,200
Speaker 2: always informative.

1954
01:35:56,200 --> 01:35:58,559
Speaker 3: Thanks again, brother, appreciate you. We'll talk next week, all right,

1955
01:35:58,560 --> 01:36:00,160
Speaker 3: SONI talking about you. Be well.

1956
01:36:00,000 --> 01:36:01,920
Speaker 2: We've got news on the way in just minutes here

1957
01:36:01,920 --> 01:36:04,559
Speaker 2: on the Big one, seven hundred WW Bill Cunningham taking

1958
01:36:04,560 --> 01:36:07,559
Speaker 2: over at twelve oh six. Today we've got a little

1959
01:36:07,560 --> 01:36:09,479
Speaker 2: Bengals talk to get to. I'm sure there'll be a

1960
01:36:09,520 --> 01:36:11,439
Speaker 2: lot of that today as well. Enjoyed a three day

1961
01:36:11,479 --> 01:36:14,760
Speaker 2: weekend up in Buffalo. Saw a lot of folks. Cincinnati

1962
01:36:14,800 --> 01:36:17,559
Speaker 2: represented pretty well out there in Western New York. Nice

1963
01:36:17,600 --> 01:36:18,200
Speaker 2: snowy game.

1964
01:36:18,240 --> 01:36:18,760
Speaker 3: I love that.

1965
01:36:18,920 --> 01:36:21,599
Speaker 2: Had my car hearts on and screwing for my bills.

1966
01:36:21,640 --> 01:36:23,760
Speaker 2: So it was one of my tim two teams won,

1967
01:36:23,840 --> 01:36:27,040
Speaker 2: which is typically they both lose at the same time.

1968
01:36:27,080 --> 01:36:29,320
Speaker 2: I'm not quite sure, but hopefully had a good time.

1969
01:36:29,320 --> 01:36:31,280
Speaker 2: If you drove up at least the weather driving there

1970
01:36:31,280 --> 01:36:34,320
Speaker 2: and back, If you did the Friday Monday like I did,

1971
01:36:35,120 --> 01:36:36,960
Speaker 2: it was pleasant. So the snow hit just at the

1972
01:36:37,000 --> 01:36:39,720
Speaker 2: right time. It's pretty and people say you freezing to death. Now,

1973
01:36:39,720 --> 01:36:42,320
Speaker 2: it was actually as close as the seats are together.

1974
01:36:42,320 --> 01:36:43,680
Speaker 2: It's an I think you got a pay corps. You've

1975
01:36:43,680 --> 01:36:45,920
Speaker 2: spread out a little bit more there. It's like they

1976
01:36:45,920 --> 01:36:47,880
Speaker 2: build a new stadium next to it, and it looks

1977
01:36:47,920 --> 01:36:49,639
Speaker 2: like a high school stadium next to.

1978
01:36:49,600 --> 01:36:51,519
Speaker 3: The new one they're building. That's how small it is.

1979
01:36:51,560 --> 01:36:53,160
Speaker 2: And so you're kind of cramped in there anyway, and

1980
01:36:53,640 --> 01:36:54,960
Speaker 2: snow is really not affecting you.

1981
01:36:54,960 --> 01:36:55,559
Speaker 3: All that much.

1982
01:36:55,640 --> 01:36:59,559
Speaker 2: Nonetheless, but moving forward here with news in just minutes.

1983
01:36:59,800 --> 01:37:01,960
Speaker 2: It's a Scotts Loan show back tomorrow nine oh six

1984
01:37:02,000 --> 01:37:05,080
Speaker 2: on the home of the best Bengals coverage, seven hundred WLW,

1985
01:37:05,160 --> 01:37:05,720
Speaker 2: Cincinnati