WEBVTT - America's Truckin Network -- 10/14/25

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<v Speaker 1>This is America's Trucking Network with Kevin Gordon.

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<v Speaker 2>Welcome aboard, Thanks for tuning in as we begin our

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<v Speaker 2>week here on America's truck and Network. What an absolutely

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<v Speaker 2>amazing weekend in the Middle East. You know, I had

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<v Speaker 2>my doubts as to whether or not Hamas was going

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<v Speaker 2>to actually live up to its principles in terms of

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<v Speaker 2>the ceasefire and an actual release of the hostages, based

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<v Speaker 2>on what has happened in the past. There's always been

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<v Speaker 2>this point of going right up to the line and

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<v Speaker 2>then backing off right at the last minute. Now what

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<v Speaker 2>is happened yesterday What we saw were all of the

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<v Speaker 2>twenty remaining living hostages returned to Israel. One of the

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<v Speaker 2>particular hostages, manned by the name of Evan Atan Orr,

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<v Speaker 2>was released from isolation. He been kept underground for seven

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<v Speaker 2>hundred and seven hundred and thirty eight days. I believe

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<v Speaker 2>his walking out of there, he has lost about thirty

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<v Speaker 2>to forty percent.

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<v Speaker 3>Of his body weight.

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<v Speaker 2>You see these stories about the Holocaust and these Jewish.

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<v Speaker 3>Prisoners in Germany.

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<v Speaker 2>They're emaciated bodies, and this is what this guy looked

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<v Speaker 2>like coming out of there. I haven't seen yet the

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<v Speaker 2>pictures of the others. But I imagine being and supposedly

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<v Speaker 2>we are being told that there have been over sixty

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<v Speaker 2>seven thousand or sixty seven hundred one was the number.

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<v Speaker 3>Let me look at this up real quick.

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<v Speaker 2>That there were sixties yeah, sixty seven thousand people in

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<v Speaker 2>Gaza killed by the Israelis, And every time they put

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<v Speaker 2>that up there, it's always said according to the Gaza

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<v Speaker 2>Health Ministry, which is controlled by Hamas, which is a

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<v Speaker 2>propaganda arm, and that we don't really have any accurate

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<v Speaker 2>counts of that.

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<v Speaker 3>Now. I'm sorry.

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<v Speaker 2>I hate to be skeptical on people claiming how many

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<v Speaker 2>people were killed, but you would think the way they

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<v Speaker 2>want to work the propaganda is that if there were

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<v Speaker 2>one hundred and fifty people killed at one time, that

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<v Speaker 2>they would have laid the bodies out and shown everybody

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<v Speaker 2>what happened.

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<v Speaker 3>We haven't seen that.

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<v Speaker 2>We keep hearing reports that, oh, two hundred were killed,

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<v Speaker 2>three hundred were killed. Now it's up to sixty seven thousand.

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<v Speaker 3>Where's the proof.

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<v Speaker 2>There is no independent verification of that, and the spoon

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<v Speaker 2>fed regurgitators in the mainstream media keep talking about that.

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<v Speaker 2>Now the hostage is being released. Twenty remaining living hostages.

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<v Speaker 2>Now Hamas said that they had the bodies of twenty

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<v Speaker 2>eight others that were dead. Guess what, Israel has come out.

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<v Speaker 2>They came out, they went in to get the bodies.

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<v Speaker 2>They came back with only four. The ministry says, we

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<v Speaker 2>just don't know where those other twenty four are. And

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<v Speaker 2>yet Israel as part of this will do anything for peace. Now,

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<v Speaker 2>I want to back up here to the nineteen nineties.

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<v Speaker 2>There was a proposal from the Palestinians that they wanted

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<v Speaker 2>their homeland, that they wanted all this area turned over

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<v Speaker 2>to them. Mind you, this was areas that had been

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<v Speaker 2>taken from Jordan in a time of war, taken from

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<v Speaker 2>Syria in a time of war, and taken from Egypt

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<v Speaker 2>in a time of war as a buffer zone for

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<v Speaker 2>the Israelis in order for them to protect themselves from

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<v Speaker 2>these countries that constantly wanted to attack them. But Palestine,

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<v Speaker 2>the Palestinian authority at the time, wanted that territory as

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<v Speaker 2>part of their group Gaza gol On Heights, West Bank.

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<v Speaker 2>Israel gave them ninety eight percent of that territory and

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<v Speaker 2>a peace offering. They reached out their hand and the

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<v Speaker 2>Palestinians slapped it away. They wanted one hundred percent percent

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<v Speaker 2>or nothing. And I remember at the time I went

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<v Speaker 2>to a function where they were talking about what.

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<v Speaker 3>Was going on in the Middle East.

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<v Speaker 2>And I went and it was put on by, of

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<v Speaker 2>all things, Xavier University, and it was supposedly this It

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<v Speaker 2>was billed as what is going on in the Middle

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<v Speaker 2>East at this time and what peace offerings are there.

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<v Speaker 2>The only people representing there were some academics and a

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<v Speaker 2>bunch of people who supported Palestine. And I'm in this

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<v Speaker 2>room and I'm like an idiot. I raised my hand

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<v Speaker 2>up after they were talking about all this, and I said,

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<v Speaker 2>all I'm hearing about is what's going on as far

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<v Speaker 2>as the Palestinians are concerned. You would think that if

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<v Speaker 2>you're going to hold a seminar in a symposium, that

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<v Speaker 2>you would at least have some of the Israelis up there.

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<v Speaker 2>And you could have heard a pin drop. I was thinking,

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<v Speaker 2>I'm not going to get out of here, but I went.

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<v Speaker 2>I had a conversation with the lady afterwards and she

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<v Speaker 2>was telling me that, well, what you don't understand is

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<v Speaker 2>the way the Palestine Indians negotiate, no matter what you

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<v Speaker 2>offer them, their first response is no, And I said, well,

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<v Speaker 2>I'll tell you what we're supposed to understand you, but

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<v Speaker 2>you don't understand us. When you tell us no, no

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<v Speaker 2>means no and we walk away, where's the understanding on

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<v Speaker 2>the other part. So this is the kind of things

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<v Speaker 2>that I have seen as far as all this stuff

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<v Speaker 2>being experienced over.

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<v Speaker 3>The last well for the last decades.

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<v Speaker 2>Finally there was this peace agreement supposedly with Hamas, and

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<v Speaker 2>yet even with them saying that they are going to

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<v Speaker 2>release all twenty eight of the hostages that are dead,

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<v Speaker 2>they've only released four.

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<v Speaker 3>I'll get this, not only do we get does the

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<v Speaker 3>world get?

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<v Speaker 2>Does Israel get twenty eight hostage or twenty twenty twenty

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<v Speaker 2>living hostages and four dead bodies? Twenty four? What did

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<v Speaker 2>Israel give up? They are releasing? Get this, seventeen hundred

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<v Speaker 2>Palestinians who were convicted of terror over the last several years.

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<v Speaker 2>Those are being released Israel because they want peace. They

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<v Speaker 2>will give up seventeen hundred prisoners to get twenty four.

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<v Speaker 3>That's how much.

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<v Speaker 2>They value lives of Israeli's citizens that they will give

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<v Speaker 2>up every spec of land that they can possibly give up.

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<v Speaker 2>Ninety eight percent back in the nineties of what the

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<v Speaker 2>Palestinians wanted, and even seventeen hundred hostages prisoners. Actually, I

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<v Speaker 2>guarantee you they're not being returned to Hamas, over to

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<v Speaker 2>Gaza and emaciated bodies.

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<v Speaker 3>This is what Israel is up against there.

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<v Speaker 2>One percent of the territory over there, of all the

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<v Speaker 2>entire Arab nations, one percent of the territory there is

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<v Speaker 2>held by Israel. And that's not enough for some of

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<v Speaker 2>these knuckleheads over there. They want Israel obliterated from the map,

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<v Speaker 2>and hopefully with Hamas being decimated, they will not be

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<v Speaker 2>able to rebuild and they'll be peace in the Middle East.

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<v Speaker 2>I get this, okay, over the weekend. Imagine any other

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<v Speaker 2>president being able to do this. Sunday afternoon, Donald Trump

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<v Speaker 2>hops on a plane, flies all the way over to

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<v Speaker 2>the Middle East, gives the speech. Before you know, he

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<v Speaker 2>wants to be there for the signing and to the

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<v Speaker 2>return of these hostages. He was invited by Benjamin Etnahu,

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<v Speaker 2>Prime Minister of Israel. He delivered a speech to the

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<v Speaker 2>Israeli Kanesset, which is their congress, and then flies over

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<v Speaker 2>to Egypt for this peace summit of the Arab nations,

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<v Speaker 2>one other president has that kind of stamina that can

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<v Speaker 2>go fly what halfway around the world, what about an

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<v Speaker 2>eight hour time difference, and yet be able to function

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<v Speaker 2>at a high level and just keep going and then

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<v Speaker 2>go from Israel over to Egypt for another peace summit

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<v Speaker 2>and to coordinate what's going on there. It is just

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<v Speaker 2>absolutely amazing the stamina this man has. The fact that

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<v Speaker 2>nobody wants to give him credit for that, and yet well,

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<v Speaker 2>as we saw on Friday, the Nobel Peace Committee gives

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<v Speaker 2>doesn't even recognize his efforts. It's just absolutely unbelievable. But

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<v Speaker 2>the fact that the Israelis have actually acquired this and

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<v Speaker 2>attained this hopefully, hopefully that this peace will break out there,

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<v Speaker 2>and that the other because a lot of this didn't

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<v Speaker 2>come about on its own, because not only did Israel

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<v Speaker 2>have to put the pressure on Hamas by decimating their

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<v Speaker 2>people or decimating the leadership, but the other Arab countries

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<v Speaker 2>around Arab of Saudi Arabia, Egypt, all the other countries

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<v Speaker 2>said look, we're tired of this crap and we're getting

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<v Speaker 2>to the point where we just aren't going to support

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<v Speaker 2>you anymore. And you guys have got to come to

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<v Speaker 2>the table and do some o an agreement, and if

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<v Speaker 2>this works and we have peace in the Middle East,

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<v Speaker 2>this will be one of the biggest steps in all

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<v Speaker 2>of history, not just recent history, but all of all history.

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<v Speaker 2>We are truly living in some unprecedented times. I'm Kevin Gordon,

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<v Speaker 2>America's Trucking Network seven hundred WLW.

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<v Speaker 1>I need this is the breathing record on America's Trucking

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<v Speaker 1>Network on seven hundred WLW.

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<v Speaker 4>Denny Hamlin scored a devotional victory Sunday and claimed a

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<v Speaker 4>significant career milestone with his dramatic victory in the South

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<v Speaker 4>Point four hundred at Las Vegas Motor Speedway. Hamlin passed

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<v Speaker 4>two cars in the final ten laps and ultimately took

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<v Speaker 4>the lead from his Joe Gibbs Racing teammate Chase Brisco,

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<v Speaker 4>then held off Kyle Larson at the end to claim

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<v Speaker 4>his series' best sixth win of the season, the sixtieth

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<v Speaker 4>of his career, and the victory also secures Hamlin as

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<v Speaker 4>part of the Championship four headed to Phoenix November two,

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<v Speaker 4>looking for his first title shot since twenty twenty one.

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<v Speaker 5>All the factors I just can't imagine there's a win

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<v Speaker 5>and bigger for me than this one, just with all

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<v Speaker 5>you know, with the family, with the significance of it,

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<v Speaker 5>you know, you know, now being back on top.

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<v Speaker 3>For most wins in the season, punching the ticket to

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<v Speaker 3>the four.

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<v Speaker 5>It's all of it all, you know, the fashion in

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<v Speaker 5>which the last ten lasts played out.

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<v Speaker 3>All the above is why I think this means the most.

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<v Speaker 4>An NTT IndyCar Teams test took place Bundy at the

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<v Speaker 4>Indianapolis Motor Speedway road Course. Among the drivers taking part

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<v Speaker 4>included Mick Schumacher for Ray Hall, Letterman Lantic Good Racing

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<v Speaker 4>also taking part, whereas A J Fort Racing, Andretti Global,

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<v Speaker 4>dale Coin Racing and Ed Carpenter Racing teams we need.

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<v Speaker 1>This is the raething repard on America's drugging network on

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<v Speaker 1>seven hundred WLW.

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<v Speaker 4>Say Dennis and ATN you ever wonder how far an

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<v Speaker 4>EV can take you on one charge?

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<v Speaker 2>Well, most people drive about forty miles a day, which

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<v Speaker 2>is seven.

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<v Speaker 3>One hundred WLW, thanks for listening.

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<v Speaker 2>In addition, here's another wrinkle that now kind of interesting

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<v Speaker 2>to look at with the hostages being released yesterday on

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<v Speaker 2>October the thirteenth. Mind you, this was on the same day,

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<v Speaker 2>and as Phil Flynn pointed out in his Energy report,

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<v Speaker 2>and I didn't nobody else had mentioned this that I

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<v Speaker 2>was aware of, that this happened for people of the

0:11:24.240 --> 0:11:27.200
<v Speaker 2>Catholic faith. If you are familiar with our Lady of

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<v Speaker 2>Fatima and the miracles that you performed there and appearing

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<v Speaker 2>before these Portuguese young women or the girl and the boys,

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<v Speaker 2>was it, I think nineteen seventeen that there were these

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<v Speaker 2>doubts as to whether these apparitions actually happened. And on

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<v Speaker 2>October the thirteenth, this miracle of the Sun, the dancing Sun.

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<v Speaker 2>October the thirteenth, twenty nineteen seventeen marked the marian At

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<v Speaker 2>apparition and Fatima, the day on which thousands of people

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<v Speaker 2>more than seventy thousand bore witness to the miracle of

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<v Speaker 2>the Dancing Sun, a miracle that shattered the prevalent belief

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<v Speaker 2>at the time that God was no longer relevant.

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<v Speaker 3>Now, what happened on that day is that there had

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<v Speaker 3>been rain all during the day, and then when the

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<v Speaker 3>blessed virgins appeared to these children, the sky started clearing

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<v Speaker 3>and there was this cloudy, thin veil over the sun.

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<v Speaker 3>So what people could actually look at the sun without

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<v Speaker 3>you know, having the sun's effect in their eyes, and

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<v Speaker 3>it appeared as though the Sun started moving around, and

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<v Speaker 3>at one point act it looked like it was heading

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<v Speaker 3>towards the Earth and then backed off.

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<v Speaker 2>These seventy thousand people at the time. Now, mind you,

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<v Speaker 2>during nineteen seventeen, this was part during World War One.

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<v Speaker 2>We also had, you know, the movement in Russia where

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<v Speaker 2>the Communists were taking over, and all these philosophers the time,

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<v Speaker 2>we're saying that God is dead, God.

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<v Speaker 3>Is no longer relevant.

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<v Speaker 2>Well, because of this miracle of the dancing Sun, a

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<v Speaker 2>lot of people believed, and atheism was knocked on its butt.

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<v Speaker 3>And there's been all.

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<v Speaker 2>Kinds of explanations, and the scientists are always trying to

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<v Speaker 2>explain how this happened. Well, maybe this was a kind

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<v Speaker 2>of a group hysteria type of thing that all. Well,

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<v Speaker 2>maybe because of the atmosphere, with the way the clouds moved,

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<v Speaker 2>it appeared as though the Sun was moving and all

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<v Speaker 2>this sort of stuff. And yet the skeptics, really it's

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<v Speaker 2>always this theory of what might have happened, not what

0:13:36.320 --> 0:13:40.280
<v Speaker 2>actually happened. And it's amazing that the hostages released on

0:13:40.360 --> 0:13:42.240
<v Speaker 2>that day just a little side note there. I just

0:13:42.240 --> 0:13:44.760
<v Speaker 2>thought i'd bring that up, and thanks to Phil Flynn

0:13:45.559 --> 0:13:48.240
<v Speaker 2>from Price Futures Group, who we've had on the program

0:13:48.280 --> 0:13:51.720
<v Speaker 2>a number of times pointing that out. And I thought

0:13:51.720 --> 0:13:55.280
<v Speaker 2>that was kind of interesting for well, at least for

0:13:55.600 --> 0:13:58.800
<v Speaker 2>the purpose of people or Catholics around the world and

0:13:58.920 --> 0:14:02.920
<v Speaker 2>type of thing. Anyway, We've got some economic data on Friday,

0:14:03.320 --> 0:14:09.760
<v Speaker 2>and again it amazes me how much people will go

0:14:09.840 --> 0:14:13.600
<v Speaker 2>through these these hoops in order to.

0:14:14.640 --> 0:14:20.760
<v Speaker 3>Doubt or pour cold water on good news. And now

0:14:20.920 --> 0:14:22.760
<v Speaker 3>let's get let's just get into the numbers.

0:14:22.760 --> 0:14:22.960
<v Speaker 2>Here.

0:14:24.400 --> 0:14:26.640
<v Speaker 3>I saw this story. This was from Friday.

0:14:27.440 --> 0:14:30.760
<v Speaker 2>The headline US economy growing at the fastest pace in

0:14:30.840 --> 0:14:33.400
<v Speaker 2>nearly two years, and the White House has declared it

0:14:33.600 --> 0:14:38.760
<v Speaker 2>explosive growth. More than ever these days, gauging the health

0:14:38.800 --> 0:14:45.520
<v Speaker 2>of the economy, get this, These are the authors of

0:14:45.640 --> 0:14:48.440
<v Speaker 2>these stories that just boggles my mind.

0:14:48.480 --> 0:14:51.600
<v Speaker 3>You know, you just can't produce a story, you have

0:14:51.680 --> 0:14:55.760
<v Speaker 3>to throw something in there that is just totally ridiculous.

0:14:55.800 --> 0:14:57.680
<v Speaker 3>But here it is.

0:14:58.280 --> 0:15:00.720
<v Speaker 2>More than ever these days, gauging the health of the

0:15:00.760 --> 0:15:04.680
<v Speaker 2>economy is almost like trying to gauge the health of

0:15:05.040 --> 0:15:06.640
<v Speaker 2>Schrodinger's cat.

0:15:07.680 --> 0:15:11.080
<v Speaker 3>Like, what the hell is he talking.

0:15:10.680 --> 0:15:15.200
<v Speaker 2>About so being the curious person I am. I dug

0:15:15.240 --> 0:15:16.920
<v Speaker 2>into that and I said, well, I got to figure

0:15:16.920 --> 0:15:17.760
<v Speaker 2>out what this is.

0:15:18.440 --> 0:15:20.280
<v Speaker 3>All right? Are you ready for this?

0:15:21.680 --> 0:15:27.080
<v Speaker 2>Schrodinger's Cat is a thought experiment that illustrates the concept

0:15:27.240 --> 0:15:33.800
<v Speaker 2>of quantum super position in simple terms. Schrodinger said, now

0:15:33.840 --> 0:15:39.200
<v Speaker 2>get this if you like people that have way too

0:15:39.320 --> 0:15:42.120
<v Speaker 2>much time on their hands, all right, said that if

0:15:42.160 --> 0:15:46.240
<v Speaker 2>you place a cat and something that could kill a cat,

0:15:46.280 --> 0:15:49.600
<v Speaker 2>like a radioactive adam, in a box and seal it,

0:15:50.360 --> 0:15:53.280
<v Speaker 2>you would not know if that cat were dead or

0:15:53.360 --> 0:15:57.280
<v Speaker 2>alive until you open the box, So that until the

0:15:57.320 --> 0:16:01.760
<v Speaker 2>box is open, the cat is both dead and alive.

0:16:02.400 --> 0:16:08.680
<v Speaker 2>This is serious thought from somebody that writes an economic story.

0:16:09.080 --> 0:16:12.640
<v Speaker 2>I mean, first of all, who would run an experiment

0:16:12.760 --> 0:16:13.080
<v Speaker 2>like that?

0:16:13.200 --> 0:16:15.920
<v Speaker 3>And where would Peter be as far as that is concerned.

0:16:16.200 --> 0:16:19.720
<v Speaker 2>And the fact that you're trying to prove a theory

0:16:20.080 --> 0:16:24.880
<v Speaker 2>of two things happening at once by explaining it that way,

0:16:24.960 --> 0:16:28.600
<v Speaker 2>that the cat could actually be alive and dead at

0:16:28.640 --> 0:16:33.000
<v Speaker 2>the same time. This is what passes for, you know,

0:16:33.840 --> 0:16:35.160
<v Speaker 2>brilliant economic thought.

0:16:35.200 --> 0:16:36.000
<v Speaker 3>At this point.

0:16:36.520 --> 0:16:39.280
<v Speaker 2>Depending upon who you talk to, it is both on

0:16:39.360 --> 0:16:45.400
<v Speaker 2>the upswing and trending downward, showing promise that also headed

0:16:45.720 --> 0:16:49.360
<v Speaker 2>for a collapse. So they're saying, at the same time,

0:16:49.640 --> 0:16:53.560
<v Speaker 2>the economy is booming, but certain underlying things means that.

0:16:53.560 --> 0:16:54.880
<v Speaker 3>It's headed towards a collapse.

0:16:55.080 --> 0:16:57.880
<v Speaker 2>Okay, take for example the fact that after months of

0:16:57.920 --> 0:17:02.200
<v Speaker 2>dismal job numbers and recessions, the recent White House press

0:17:02.240 --> 0:17:06.639
<v Speaker 2>release touted the US Bureau of Economic Analysis revision of

0:17:06.680 --> 0:17:10.960
<v Speaker 2>the second quarter GDP numbers as explosive growth for the economy,

0:17:11.040 --> 0:17:15.560
<v Speaker 2>along with positive reactions from various financial experts now key

0:17:15.640 --> 0:17:21.639
<v Speaker 2>phrase here, along with positive reactions from various financial experts.

0:17:21.840 --> 0:17:26.320
<v Speaker 2>The revision in question showed that GDP increased to three

0:17:26.440 --> 0:17:30.320
<v Speaker 2>point eight percent in April through June of this year,

0:17:30.560 --> 0:17:34.480
<v Speaker 2>previously reported at well, the original number was around two

0:17:34.520 --> 0:17:37.919
<v Speaker 2>point eight that was revived in the revised in the

0:17:38.000 --> 0:17:43.040
<v Speaker 2>second revision or the first revision actually at three point

0:17:43.040 --> 0:17:47.440
<v Speaker 2>three and now has been revised upwards to three point eight. Now,

0:17:47.440 --> 0:17:50.320
<v Speaker 2>you may recall last week was talking about all these

0:17:50.359 --> 0:17:51.440
<v Speaker 2>different you know.

0:17:51.640 --> 0:17:53.240
<v Speaker 3>As they yanked the curtain back.

0:17:53.320 --> 0:17:56.760
<v Speaker 2>Now that the government has closed and we start looking

0:17:56.800 --> 0:18:01.240
<v Speaker 2>at how these Bureau of Labor Statistics sent this Bureau

0:18:01.840 --> 0:18:06.600
<v Speaker 2>Commerce Department develops all these studies and these surveys and

0:18:06.640 --> 0:18:11.119
<v Speaker 2>whatever as to the strength of the economy, the unemployment numbers,

0:18:11.160 --> 0:18:14.880
<v Speaker 2>the initial jobless claims that all these things are done

0:18:14.920 --> 0:18:20.320
<v Speaker 2>by receiving surveys from people in the industry, and there

0:18:20.400 --> 0:18:22.320
<v Speaker 2>is I mean, there is a date at which these

0:18:22.359 --> 0:18:24.960
<v Speaker 2>things are supposed to be turned in, but they it

0:18:25.040 --> 0:18:29.080
<v Speaker 2>isn't mandatory. So they do their first estimate based on

0:18:29.160 --> 0:18:31.919
<v Speaker 2>the numbers they have. Then the following month, when they

0:18:31.920 --> 0:18:34.520
<v Speaker 2>get more data than they up that or lower that,

0:18:34.560 --> 0:18:38.240
<v Speaker 2>depending upon what information they get, and then the final revision.

0:18:38.280 --> 0:18:42.359
<v Speaker 2>Before the revision, before the first report of the next quarter,

0:18:42.560 --> 0:18:46.440
<v Speaker 2>they come up with their final estimate. So three point

0:18:46.480 --> 0:18:50.480
<v Speaker 2>eight percent is the GDP for the second quarter. And

0:18:50.480 --> 0:18:52.639
<v Speaker 2>I remember what I've been saying since the beginning of

0:18:52.640 --> 0:18:56.280
<v Speaker 2>the year that in my opinion, by the end of

0:18:56.280 --> 0:19:00.560
<v Speaker 2>this year, we will be seeing economic growth between four

0:19:00.560 --> 0:19:04.000
<v Speaker 2>and a half to five percent, I would say, And

0:19:04.320 --> 0:19:07.720
<v Speaker 2>all these other people at the time, mind you, were

0:19:07.760 --> 0:19:09.840
<v Speaker 2>saying that they were expecting by the end of the

0:19:09.920 --> 0:19:16.000
<v Speaker 2>year our economic growth would be around one point eight percent. Now,

0:19:16.400 --> 0:19:19.879
<v Speaker 2>with the current number at three point eight percent and

0:19:20.000 --> 0:19:24.240
<v Speaker 2>my prediction four point five to five percent, I would

0:19:24.240 --> 0:19:26.080
<v Speaker 2>say that three point eight is a hell of a

0:19:26.160 --> 0:19:29.080
<v Speaker 2>lot closer to that number than the one point eight

0:19:29.160 --> 0:19:33.600
<v Speaker 2>that they predicted. Once again, listen to America's struck A Network.

0:19:33.720 --> 0:19:36.080
<v Speaker 2>You'll be so far ahead of the curve they won't

0:19:36.080 --> 0:19:40.840
<v Speaker 2>even see your tail lights. Now, let's go. The GDP

0:19:41.000 --> 0:19:44.040
<v Speaker 2>growth was driven by slowing of imports and greater increase

0:19:44.080 --> 0:19:49.480
<v Speaker 2>in consumer spending led by transportation, financial and insurance services.

0:19:49.800 --> 0:19:52.919
<v Speaker 2>As such, the White House Press release crow that is

0:19:53.000 --> 0:19:55.679
<v Speaker 2>part of the American's economic resurgent, Well, what else are

0:19:55.680 --> 0:19:56.439
<v Speaker 2>you going to call it?

0:19:57.160 --> 0:19:57.480
<v Speaker 3>Now?

0:19:57.520 --> 0:19:59.640
<v Speaker 2>In his story and I just really want to get

0:19:59.640 --> 0:20:02.119
<v Speaker 2>into the and we'll get into this coming up. What's

0:20:02.200 --> 0:20:05.520
<v Speaker 2>really going on in the economy. I'm Kevin Gordon, America's

0:20:05.520 --> 0:20:09.600
<v Speaker 2>struck At Network seven hundred WLW.

0:20:09.400 --> 0:20:17.159
<v Speaker 6>News Traffic and Weather News Radio seven hundred WLW Cincinnati.

0:20:16.720 --> 0:20:19.840
<v Speaker 7>Good A site being too small make a comeback? Well,

0:20:19.840 --> 0:20:22.960
<v Speaker 7>the twelve to thirty re parts, I'm Ley mawin breaking Now,

0:20:23.720 --> 0:20:27.440
<v Speaker 7>that's what MSA Design states. They're proposing an expansion of

0:20:27.480 --> 0:20:30.640
<v Speaker 7>the Heritage Bank Center site for the new arena. Currently,

0:20:30.640 --> 0:20:33.520
<v Speaker 7>four sites are being considered for Cincinnati's next stadium, and

0:20:33.600 --> 0:20:36.480
<v Speaker 7>the expected price tag is somewhere around eight hundred million

0:20:36.520 --> 0:20:39.640
<v Speaker 7>dollars seventy percent of public funding is expected to help

0:20:39.680 --> 0:20:42.760
<v Speaker 7>push it forward. Some tweaks to nearby roads, the flood

0:20:42.800 --> 0:20:45.160
<v Speaker 7>walls and public lands will give the space six point

0:20:45.200 --> 0:20:47.920
<v Speaker 7>thirty four acres instead of the current four point one

0:20:47.920 --> 0:20:51.679
<v Speaker 7>acre lot. Even if FSA sports ideas aren't used for

0:20:51.720 --> 0:20:55.120
<v Speaker 7>the news the new arena, even their confident, will generate

0:20:55.200 --> 0:20:58.160
<v Speaker 7>ideas for what replaces it in the future. The other

0:20:58.240 --> 0:21:01.240
<v Speaker 7>three sites are the current site of the w CET studios,

0:21:01.240 --> 0:21:04.320
<v Speaker 7>plus the Town Center garage, a parking lot north of

0:21:04.359 --> 0:21:07.280
<v Speaker 7>the Hard Rock Casino, and reclaim land west of the

0:21:07.359 --> 0:21:10.040
<v Speaker 7>Convention Center that will be reclaimed after the Brent Spends

0:21:10.119 --> 0:21:11.440
<v Speaker 7>Bridge project concludes.

0:21:12.000 --> 0:21:15.159
<v Speaker 6>Now the latest forecast from the Train Heating and Cooling

0:21:15.200 --> 0:21:19.240
<v Speaker 6>Weather Center on news Radio seven hundred wl jplication.

0:21:18.840 --> 0:21:21.920
<v Speaker 8>Setting for day break on Tuesday, mostly clear. I've got

0:21:21.920 --> 0:21:25.480
<v Speaker 8>a morning low of fifty degrees. Now for our Tuesday

0:21:25.480 --> 0:21:30.240
<v Speaker 8>at sunshine mild, My highest seventy six at night stays

0:21:30.320 --> 0:21:33.840
<v Speaker 8>clear and drops to fifty two From your severe weather station,

0:21:34.280 --> 0:21:39.040
<v Speaker 8>I'm nine first Warning Chief Meteorologist Steve Rawley, News Radio

0:21:39.160 --> 0:21:42.240
<v Speaker 8>seven hundred WLW.

0:21:41.359 --> 0:21:44.440
<v Speaker 7>Clear in fifty six and for your Bengals fans coming

0:21:44.480 --> 0:21:46.800
<v Speaker 7>out to pay Course Stadium. It's going to be a

0:21:46.920 --> 0:21:50.320
<v Speaker 7>nice Thursday, seventy one degrees as a high, forty eight low,

0:21:50.600 --> 0:21:52.919
<v Speaker 7>and about fifty two degrees when we kick off at

0:21:52.920 --> 0:21:56.400
<v Speaker 7>eight fifteen. That game day forecast built by American Home Tech.

0:21:56.680 --> 0:21:59.120
<v Speaker 7>Your roofs first line of defense starts with American home

0:21:59.160 --> 0:22:03.639
<v Speaker 7>Tech dot Com. Our next update is that one. I'mley Moowen.

0:22:03.760 --> 0:22:19.840
<v Speaker 7>News Radio seven hundred WLW, Cincinnati has a party and.

0:22:13.680 --> 0:22:15.960
<v Speaker 9>Here's your trucking forecast for the Try State and the

0:22:16.040 --> 0:22:18.200
<v Speaker 9>rest of the country. In the Try State, over night,

0:22:18.200 --> 0:22:21.360
<v Speaker 9>clear skies, the low down to fifty Sunday, Tuesday high

0:22:21.400 --> 0:22:24.560
<v Speaker 9>of seventy seven. Wednesday, more sunshine, a high of seventy two,

0:22:24.560 --> 0:22:27.880
<v Speaker 9>and another sunny day Thursday, the high year seventy. Nationally

0:22:27.920 --> 0:22:30.720
<v Speaker 9>along the Atlantic Coast, flooding that's been seen as expected

0:22:30.760 --> 0:22:34.320
<v Speaker 9>to tape off overnight and into Tuesday. Meanwhile, a storm

0:22:34.400 --> 0:22:37.679
<v Speaker 9>system is bringing heavy rain and snow out west, especially

0:22:38.040 --> 0:22:39.000
<v Speaker 9>in California.

0:22:41.560 --> 0:22:45.719
<v Speaker 2>Seven hundred WLW. I'm Kevin Gordon. This is America's Trucking Network.

0:22:45.840 --> 0:22:48.960
<v Speaker 2>America's struck A network supports a mission of race across America.

0:22:49.160 --> 0:22:51.880
<v Speaker 3>You can hear us every truck and Tuesday.

0:22:51.520 --> 0:22:54.800
<v Speaker 2>At five am and ten am Eastern on Race Across

0:22:54.840 --> 0:22:59.560
<v Speaker 2>America Radio, available on the iHeartRadio app. Search the word Reace.

0:23:00.080 --> 0:23:05.720
<v Speaker 2>That's wr eats for Reese Across America Radio. And thank

0:23:05.760 --> 0:23:08.360
<v Speaker 2>you to all our truckers for supporting the mission of

0:23:08.880 --> 0:23:11.480
<v Speaker 2>Across America. And which reminds me too that if you

0:23:11.520 --> 0:23:14.160
<v Speaker 2>miss any of our shows, any of our segments, make

0:23:14.160 --> 0:23:17.120
<v Speaker 2>sure you hit up that iHeartRadio app brought to brought

0:23:17.160 --> 0:23:19.240
<v Speaker 2>to you by your friends at Rush Truck Centers. We

0:23:19.320 --> 0:23:24.520
<v Speaker 2>certainly appreciate that. Okay, getting back to this wonderful, grand

0:23:24.560 --> 0:23:29.600
<v Speaker 2>and glorious particular story, US economy growing at the fastest

0:23:29.640 --> 0:23:32.080
<v Speaker 2>pace in nearly two years, and a White House has

0:23:32.160 --> 0:23:37.119
<v Speaker 2>declared explosive growth. Well, you know, if you have economic

0:23:37.160 --> 0:23:40.239
<v Speaker 2>growth in the ones and twos and it goes up

0:23:40.240 --> 0:23:43.359
<v Speaker 2>to three point eight, I would call that kind of explosive,

0:23:44.040 --> 0:23:47.440
<v Speaker 2>But not if you're a spoonfever regurgitator from the mainstream media.

0:23:47.520 --> 0:23:52.520
<v Speaker 2>All right, so go through this. The economy has grown. Now,

0:23:52.960 --> 0:23:56.160
<v Speaker 2>back when the first cord was announced and the economy

0:23:56.240 --> 0:23:59.440
<v Speaker 2>had grown at eight, well, actually lost a negative point

0:23:59.520 --> 0:24:04.119
<v Speaker 2>six percent. Everybody was going see the economic policies of this.

0:24:04.760 --> 0:24:07.360
<v Speaker 2>The Trump administration is a failure in all this sort

0:24:07.400 --> 0:24:07.800
<v Speaker 2>of stuff.

0:24:08.200 --> 0:24:10.200
<v Speaker 3>Yet everybody except.

0:24:09.920 --> 0:24:13.120
<v Speaker 2>America's struck A network mentioned then pointed out what the

0:24:13.200 --> 0:24:16.080
<v Speaker 2>other what the people were explaining was that the reason

0:24:16.200 --> 0:24:20.439
<v Speaker 2>for that is that ahead of the April second Independence

0:24:20.520 --> 0:24:25.040
<v Speaker 2>Day declared by President Trump, before the tariff started going

0:24:25.040 --> 0:24:28.720
<v Speaker 2>into effect Liberation Day, I'm sorry, Liberation Day, not Independence

0:24:29.200 --> 0:24:33.520
<v Speaker 2>Liberation Day. That on April the second, everybody a lot

0:24:33.520 --> 0:24:36.600
<v Speaker 2>of people were front loading, bringing in all kinds of

0:24:36.640 --> 0:24:41.080
<v Speaker 2>imports ahead of the tariff increase. And the way the

0:24:41.080 --> 0:24:45.280
<v Speaker 2>GDP is calculated is that imports are subtracted from that,

0:24:45.960 --> 0:24:48.680
<v Speaker 2>and that the amount of imports that were subtracted from

0:24:48.680 --> 0:24:53.280
<v Speaker 2>that were so great that that pulled that number down below.

0:24:53.080 --> 0:24:55.879
<v Speaker 3>Negative growth added back.

0:24:56.040 --> 0:24:59.720
<v Speaker 2>If you had taken that part out, the economy would

0:24:59.720 --> 0:25:03.960
<v Speaker 2>have own around two point five to two point eight percent,

0:25:04.359 --> 0:25:07.199
<v Speaker 2>is what it would have done now with that inventory

0:25:07.320 --> 0:25:10.560
<v Speaker 2>having been purchased in the first quarter that was available,

0:25:10.600 --> 0:25:12.720
<v Speaker 2>so a lot of imports didn't have to be done

0:25:12.800 --> 0:25:16.240
<v Speaker 2>in the second quarter, and the inventory that was accumulated

0:25:16.640 --> 0:25:19.960
<v Speaker 2>was all burned off and part of what was purchased,

0:25:20.040 --> 0:25:23.000
<v Speaker 2>and why you have this economy or in the second quarter,

0:25:23.240 --> 0:25:26.280
<v Speaker 2>the GDP number now at three point eight percent. So

0:25:26.359 --> 0:25:30.520
<v Speaker 2>if you average the two of those together negative point

0:25:30.560 --> 0:25:34.199
<v Speaker 2>six and a positive three point eight, you're in the

0:25:34.640 --> 0:25:36.840
<v Speaker 2>three point four percent three point.

0:25:38.160 --> 0:25:39.600
<v Speaker 3>Basically in the three point.

0:25:39.359 --> 0:25:43.879
<v Speaker 2>Two percent, which averaged over the two month is about

0:25:43.920 --> 0:25:48.119
<v Speaker 2>one point six one point eight percent. So again with

0:25:48.240 --> 0:25:53.159
<v Speaker 2>these economic experts so far talking about this now in

0:25:53.240 --> 0:25:57.240
<v Speaker 2>his story, as I finished the previous segment, what's.

0:25:57.080 --> 0:25:58.760
<v Speaker 3>Really going on in the economy.

0:25:59.240 --> 0:26:02.320
<v Speaker 2>Part of the problem been finding consensus on how the

0:26:02.359 --> 0:26:05.920
<v Speaker 2>economy is really doing. Is that the traditional indicators of

0:26:05.960 --> 0:26:11.600
<v Speaker 2>a healthy economy tell a conflicting story. GDP and consumer spending,

0:26:11.680 --> 0:26:17.600
<v Speaker 2>for example, are up yeah, okay, while at the same time,

0:26:17.800 --> 0:26:22.480
<v Speaker 2>employment estimates for September show that the US continues to bleed.

0:26:22.320 --> 0:26:25.800
<v Speaker 3>Jobs, really bleed jobs.

0:26:25.840 --> 0:26:32.359
<v Speaker 2>How you have an economy where by the lessons of

0:26:32.400 --> 0:26:37.280
<v Speaker 2>the pandemic, companies decided that okay, when we had to

0:26:37.680 --> 0:26:42.320
<v Speaker 2>release and terminate all of our employees during the pandemic,

0:26:43.119 --> 0:26:48.119
<v Speaker 2>when we set about reopening, those employees were no longer available.

0:26:48.520 --> 0:26:52.119
<v Speaker 2>Some of the employees that decided that, well, because of

0:26:52.240 --> 0:26:56.040
<v Speaker 2>all the freebies being handed out and the extensions of

0:26:56.960 --> 0:27:02.359
<v Speaker 2>some of these unemployment numbers, and also the Recovery Act.

0:27:02.520 --> 0:27:07.800
<v Speaker 2>These checks that were going out to people, stimulus checks

0:27:07.800 --> 0:27:10.280
<v Speaker 2>that were going out at the time, people were looking

0:27:10.320 --> 0:27:13.119
<v Speaker 2>at what they were making versus what they were getting

0:27:13.160 --> 0:27:17.040
<v Speaker 2>on unemployment, and these stimulus checks for not working.

0:27:17.600 --> 0:27:19.720
<v Speaker 3>Said I can't afford to go back to work.

0:27:20.480 --> 0:27:24.360
<v Speaker 2>And then you have people that were unavailable because when

0:27:24.400 --> 0:27:27.360
<v Speaker 2>they were laid off or their jobs were terminated during

0:27:27.400 --> 0:27:31.760
<v Speaker 2>the plandemic. When they got back and business opened up,

0:27:31.960 --> 0:27:35.560
<v Speaker 2>they went to other positions. So these companies realized that,

0:27:35.760 --> 0:27:38.239
<v Speaker 2>you know, when we had the downturn, when we had

0:27:38.640 --> 0:27:41.960
<v Speaker 2>to eliminate the employees. Part of the problem we saw

0:27:42.040 --> 0:27:46.280
<v Speaker 2>in the recovery after the plandemic was that you didn't

0:27:46.480 --> 0:27:48.960
<v Speaker 2>there weren't a lot of qualified people out there to

0:27:49.080 --> 0:27:55.880
<v Speaker 2>fill these positions. I remember vividly going into certain stores,

0:27:56.160 --> 0:28:00.000
<v Speaker 2>any amount of help you could get the sales clerk

0:28:00.119 --> 0:28:03.200
<v Speaker 2>weren't around. You go into restaurants and they had where

0:28:03.240 --> 0:28:06.720
<v Speaker 2>they would normally have three or four servers, they only

0:28:06.760 --> 0:28:10.560
<v Speaker 2>had one or two and they were covering the whole area.

0:28:11.040 --> 0:28:11.960
<v Speaker 3>Service was slow.

0:28:12.400 --> 0:28:16.080
<v Speaker 2>The kitchen was slow because they had inexperienced people in

0:28:16.119 --> 0:28:20.080
<v Speaker 2>the kitchen and so the recovery was rough, and so

0:28:20.320 --> 0:28:22.879
<v Speaker 2>businesses realizing that, they said, we're not going to go

0:28:22.960 --> 0:28:25.919
<v Speaker 2>through that again. We think things are going to turn around.

0:28:26.000 --> 0:28:28.719
<v Speaker 2>We're optimistic that things are going to turn around. So

0:28:29.000 --> 0:28:31.840
<v Speaker 2>we're not going to be hiring a bunch of people,

0:28:32.400 --> 0:28:34.840
<v Speaker 2>and we're not going to be firing any people.

0:28:35.320 --> 0:28:37.160
<v Speaker 3>So what we are is in kind.

0:28:36.960 --> 0:28:42.560
<v Speaker 2>Of a stagnation type of situation. When he says in

0:28:42.680 --> 0:28:47.080
<v Speaker 2>here that continues to bleed jobs, well, if we're bleeding jobs,

0:28:47.280 --> 0:28:50.800
<v Speaker 2>if people are getting laid off, then the unemployment rate

0:28:50.840 --> 0:28:54.720
<v Speaker 2>would go up. The unemployment rate had been at four

0:28:54.760 --> 0:28:59.720
<v Speaker 2>point two percent under the Biden administration, dip down to

0:28:59.840 --> 0:29:02.360
<v Speaker 2>four four point one in the first quarter, and then

0:29:02.480 --> 0:29:05.600
<v Speaker 2>is back up to four point two, almost about four

0:29:05.640 --> 0:29:10.520
<v Speaker 2>point three, and they're claiming that this is the highest

0:29:10.560 --> 0:29:15.560
<v Speaker 2>in over four years. Well, it is where it has been.

0:29:16.120 --> 0:29:19.000
<v Speaker 2>It is not going up, it's not going down. So

0:29:19.240 --> 0:29:24.160
<v Speaker 2>where this abysmal job market is basically right now, what

0:29:24.280 --> 0:29:29.360
<v Speaker 2>the situation is is that for every job opening, there

0:29:29.480 --> 0:29:34.560
<v Speaker 2>is zero point nine eight percent people available for those jobs.

0:29:34.800 --> 0:29:36.760
<v Speaker 2>So there are more jobs than there are people to

0:29:36.800 --> 0:29:40.040
<v Speaker 2>fill those jobs. So I'm not sure where he's coming

0:29:40.120 --> 0:29:43.320
<v Speaker 2>up with this idea. ADP data in a lieu of

0:29:43.320 --> 0:29:47.800
<v Speaker 2>the US the usual US Bureau of Labor statistics, which

0:29:47.880 --> 0:29:51.800
<v Speaker 2>are unavailable during the government shutdown, suggests that private sector

0:29:51.960 --> 0:29:56.280
<v Speaker 2>lost thirty two thousand jobs last month. Now, that is

0:29:56.360 --> 0:29:59.480
<v Speaker 2>private sector numbers, and as we've seen in the past

0:29:59.520 --> 0:30:03.120
<v Speaker 2>and as a been explained in the past, ADP, their

0:30:03.240 --> 0:30:07.680
<v Speaker 2>numbers are part of the numbers that are collected, but

0:30:07.800 --> 0:30:12.160
<v Speaker 2>they are a smaller part and generally aren't as reliable

0:30:12.440 --> 0:30:16.080
<v Speaker 2>as the other job creation numbers that come about. So

0:30:16.960 --> 0:30:20.760
<v Speaker 2>bake banking on that is not really an excellent thing

0:30:20.840 --> 0:30:25.520
<v Speaker 2>to do. That's following the month's dismal BLS report, which

0:30:25.600 --> 0:30:29.000
<v Speaker 2>was from the previous month that showed that the economy

0:30:29.000 --> 0:30:33.120
<v Speaker 2>had only added twenty two thousand jobs. Again, when you're

0:30:33.160 --> 0:30:36.920
<v Speaker 2>talking about businesses that are holding on to their employees

0:30:37.520 --> 0:30:41.040
<v Speaker 2>because they don't want to lose those employees when things

0:30:41.080 --> 0:30:45.520
<v Speaker 2>turn around and the economy booms, and I'll keep saying this,

0:30:46.320 --> 0:30:49.960
<v Speaker 2>the thing that's holding back our economy is high interest rates.

0:30:50.560 --> 0:30:54.040
<v Speaker 2>You keep hearing story after story of where people they're

0:30:54.240 --> 0:30:56.520
<v Speaker 2>wanting to jump in and buy a new car, they're

0:30:56.560 --> 0:31:02.040
<v Speaker 2>wanting to buy those durable goods companies want to expand.

0:31:02.080 --> 0:31:05.080
<v Speaker 2>They want to buy new machinery. They want to add

0:31:05.120 --> 0:31:08.800
<v Speaker 2>on to their buildings so they can manufacture or wholesale

0:31:08.840 --> 0:31:12.800
<v Speaker 2>more stuff. Retailers are wanting to expand, but they can't

0:31:12.840 --> 0:31:14.520
<v Speaker 2>expand because it's going to take money.

0:31:14.560 --> 0:31:15.840
<v Speaker 3>They're going to have to borrow money.

0:31:16.120 --> 0:31:19.520
<v Speaker 2>Kids, young people are sitting on the sidelines, wanting to

0:31:19.600 --> 0:31:22.640
<v Speaker 2>jump into the housing market, but because interest rates are

0:31:22.640 --> 0:31:25.680
<v Speaker 2>so high, they're sitting on the sidelines. Some people that

0:31:25.760 --> 0:31:28.719
<v Speaker 2>have houses are looking at what their current mortgage is

0:31:28.920 --> 0:31:31.160
<v Speaker 2>and they don't want to take on a mortgage that's

0:31:31.320 --> 0:31:34.719
<v Speaker 2>twice what their current mortgage is, so they're staying put.

0:31:34.920 --> 0:31:37.600
<v Speaker 2>So you've got fewer houses on the market because these

0:31:37.680 --> 0:31:41.000
<v Speaker 2>people aren't moving, and so you have these things being

0:31:41.040 --> 0:31:43.880
<v Speaker 2>held back. And when you look at our interest rates

0:31:44.320 --> 0:31:50.240
<v Speaker 2>compared to the other countries of European Union, Canada, other countries, Japan,

0:31:50.880 --> 0:31:54.480
<v Speaker 2>our interest rates are much higher than theirs. So if

0:31:54.480 --> 0:31:57.040
<v Speaker 2>you want the economy, and every time we read and

0:31:57.080 --> 0:32:01.760
<v Speaker 2>every time Reuter's does the story on how oil prices are,

0:32:02.400 --> 0:32:04.440
<v Speaker 2>they will reference interest rates.

0:32:04.760 --> 0:32:07.480
<v Speaker 3>When the Fed is going to move lower.

0:32:07.160 --> 0:32:12.280
<v Speaker 2>Interest rates stimulates the economy, increases governments, or increases consumer

0:32:12.360 --> 0:32:17.600
<v Speaker 2>spending and adds to more consumption of gasoline. Big surprise there,

0:32:17.760 --> 0:32:20.360
<v Speaker 2>But of course at the Federal Reserve, Lion Jerry Powell

0:32:20.400 --> 0:32:23.680
<v Speaker 2>and the boy boys just don't quite understand that. Coming up,

0:32:23.680 --> 0:32:25.760
<v Speaker 2>we'll finish this up, this particular story and move on

0:32:26.120 --> 0:32:29.320
<v Speaker 2>to some other mischief. I'm Kevin Gordon. America'struck a network

0:32:29.400 --> 0:32:34.720
<v Speaker 2>seven hundred WLW proggressive commercial insurance pretext truck owners with

0:32:34.800 --> 0:32:39.680
<v Speaker 2>specialized coverages for heavy trucks WLW. I'm Kevin Gordon, finishing

0:32:39.760 --> 0:32:42.480
<v Speaker 2>up this particular story. He goes through this, He says,

0:32:42.520 --> 0:32:46.280
<v Speaker 2>one explanation of this story, US economy growing at fastest

0:32:46.320 --> 0:32:48.920
<v Speaker 2>paced in nearly two years. The White House has declared

0:32:48.960 --> 0:32:51.560
<v Speaker 2>at explosive growth. And then later on the story says,

0:32:51.560 --> 0:32:54.680
<v Speaker 2>what's really going on in the economy, because you've got

0:32:54.720 --> 0:32:58.880
<v Speaker 2>the tale of two cities basically that certain economic numbers

0:32:58.960 --> 0:33:02.080
<v Speaker 2>are pointing to one and others are pointing in others.

0:33:02.120 --> 0:33:05.840
<v Speaker 2>And the only other dismal, the only dismal part of

0:33:05.880 --> 0:33:10.520
<v Speaker 2>the economy that he's talking about is jobs and job creation. Well, again,

0:33:10.680 --> 0:33:13.800
<v Speaker 2>if companies are not hiring and they're not firing, that's

0:33:13.840 --> 0:33:16.480
<v Speaker 2>a good thing because if people aren't getting laid off,

0:33:16.520 --> 0:33:19.400
<v Speaker 2>the unemployment rate isn't going up. He says in here,

0:33:19.600 --> 0:33:23.000
<v Speaker 2>one explanation for the mixed economics signals is that the

0:33:23.080 --> 0:33:27.560
<v Speaker 2>rising consumer spending is only being driven by a small

0:33:27.760 --> 0:33:32.480
<v Speaker 2>percentage of the highest income earners. I'm going to throw

0:33:32.520 --> 0:33:34.800
<v Speaker 2>a little question out there for everybody, and of course

0:33:34.840 --> 0:33:38.120
<v Speaker 2>you can't respond, but be certainly interested to see this.

0:33:38.240 --> 0:33:41.280
<v Speaker 2>If we could a little show of hands, what do

0:33:41.280 --> 0:33:46.400
<v Speaker 2>you consider somebody that is wealthy? How much of an

0:33:46.480 --> 0:33:50.000
<v Speaker 2>income do you think that is considered wealthy. Let me

0:33:50.040 --> 0:33:51.680
<v Speaker 2>just throw that out there and let that simmer for

0:33:51.720 --> 0:33:55.080
<v Speaker 2>a moment. They're talking about that. The data showed that

0:33:55.160 --> 0:33:59.120
<v Speaker 2>the bottom eighty percent of people that are not they're basically,

0:33:59.240 --> 0:34:02.400
<v Speaker 2>you know, spending with they're normally spending. But the high

0:34:02.480 --> 0:34:05.280
<v Speaker 2>income earners are the people that are doing most of

0:34:05.320 --> 0:34:08.120
<v Speaker 2>the consumer spending, which when I read that led me,

0:34:08.200 --> 0:34:11.399
<v Speaker 2>I mean just before I even read any further, led

0:34:11.440 --> 0:34:14.120
<v Speaker 2>me to believe that, or led me to think about, well,

0:34:14.280 --> 0:34:19.440
<v Speaker 2>the stuff that we're seeing people buying groceries, clothing, retail

0:34:19.640 --> 0:34:22.319
<v Speaker 2>and so on, I you know, people going out to

0:34:22.360 --> 0:34:27.720
<v Speaker 2>dinner and so on. Anecdotally, I keep talking about how

0:34:28.000 --> 0:34:32.120
<v Speaker 2>you know, Our station is located away across the street

0:34:32.160 --> 0:34:36.080
<v Speaker 2>from a major mall, and almost every time you look

0:34:36.120 --> 0:34:39.000
<v Speaker 2>over there, it's almost like every day it's Christmas.

0:34:39.040 --> 0:34:42.240
<v Speaker 3>The Christmas season. That mall is packed.

0:34:42.719 --> 0:34:45.360
<v Speaker 2>When I drive around in northern Kentucky and look at

0:34:45.400 --> 0:34:48.880
<v Speaker 2>the different malls or the different shopping centers on Saturdays

0:34:48.880 --> 0:34:54.160
<v Speaker 2>and Sundays, they're packed, Restaurants are packed. And where you

0:34:54.200 --> 0:34:59.080
<v Speaker 2>know where this consumer spending isn't happening. I'm not sure

0:34:59.360 --> 0:35:02.960
<v Speaker 2>that I read they're into this. The data shows that

0:35:03.880 --> 0:35:08.640
<v Speaker 2>anyone making under one hundred and seventy five thousand dollars

0:35:08.680 --> 0:35:12.800
<v Speaker 2>a year, they're just getting by or they're just spending

0:35:12.840 --> 0:35:17.080
<v Speaker 2>on what they're spending. So according to what these people

0:35:17.160 --> 0:35:20.920
<v Speaker 2>are considering, So when you hear when you hear the

0:35:21.000 --> 0:35:26.160
<v Speaker 2>people talk about that the tax breaks in this blah

0:35:26.200 --> 0:35:30.080
<v Speaker 2>blah blah blah blah is only done for the richest

0:35:30.120 --> 0:35:33.719
<v Speaker 2>people in this country one hundred and seventy eight one

0:35:33.760 --> 0:35:36.920
<v Speaker 2>hundred and seventy five thousand dollars a year. When you

0:35:37.000 --> 0:35:45.680
<v Speaker 2>take into consideration possibly two teachers or two people from

0:35:45.760 --> 0:35:51.480
<v Speaker 2>a family, the husband wife working. That is about where

0:35:51.880 --> 0:35:53.200
<v Speaker 2>people's incomes are.

0:35:54.560 --> 0:35:55.719
<v Speaker 3>And to say.

0:35:55.440 --> 0:35:59.960
<v Speaker 2>That that is considered wealthy and that that is where

0:36:00.000 --> 0:36:05.239
<v Speaker 2>where the tax breaks are going to the wealthiest among us. Well,

0:36:05.320 --> 0:36:08.719
<v Speaker 2>I would say that if you know to me that

0:36:08.880 --> 0:36:13.120
<v Speaker 2>in my opinion, that is in about what would classify

0:36:13.200 --> 0:36:16.719
<v Speaker 2>as in these days of middle class. And the fact that,

0:36:16.760 --> 0:36:21.720
<v Speaker 2>I mean, you cannot compare if people are not working

0:36:22.000 --> 0:36:25.799
<v Speaker 2>and refuse to work and are on welfare or on

0:36:26.560 --> 0:36:28.320
<v Speaker 2>And you know, one of the other things that people

0:36:28.320 --> 0:36:33.080
<v Speaker 2>aren't talking about enough is the fact that after the pandemic,

0:36:34.000 --> 0:36:38.440
<v Speaker 2>how many people have claimed that they have health related

0:36:38.640 --> 0:36:46.640
<v Speaker 2>issues as relates as a consequence of getting COVID and

0:36:46.719 --> 0:36:49.319
<v Speaker 2>that they you know, they just cannot seem to get

0:36:49.360 --> 0:36:53.640
<v Speaker 2>it together enough to work, or some of the people that.

0:36:53.560 --> 0:36:57.320
<v Speaker 3>Have gotten the JAB that are.

0:36:57.320 --> 0:37:02.320
<v Speaker 2>Having health issues and can't work, the amount of supplemental income,

0:37:02.400 --> 0:37:06.960
<v Speaker 2>the people that are claiming disability nobody. I'm gonna have

0:37:06.960 --> 0:37:09.239
<v Speaker 2>to do a little digging on this, but the numbers

0:37:09.320 --> 0:37:12.760
<v Speaker 2>and right after the pandemic, up to the first couple

0:37:12.760 --> 0:37:16.960
<v Speaker 2>of well year year and a half, those numbers were astronomical.

0:37:17.080 --> 0:37:19.239
<v Speaker 2>Now I don't know if those numbers have fallen off

0:37:19.520 --> 0:37:21.879
<v Speaker 2>or meet more people have jumped on there. But when

0:37:21.920 --> 0:37:25.400
<v Speaker 2>you look at our labor participation rate and how it

0:37:25.440 --> 0:37:28.240
<v Speaker 2>has come down. It has come down as a result

0:37:28.320 --> 0:37:32.120
<v Speaker 2>of a lot of people claiming disability as a result

0:37:32.160 --> 0:37:33.600
<v Speaker 2>of the pandemic.

0:37:34.200 --> 0:37:37.360
<v Speaker 3>So the fact that that end.

0:37:37.200 --> 0:37:42.640
<v Speaker 2>Of the of the spectrum, if they're getting governments subsistence

0:37:43.840 --> 0:37:46.920
<v Speaker 2>and you've got them consuming, and then you've got the middle,

0:37:47.239 --> 0:37:50.799
<v Speaker 2>you've got what they consider poor consuming, and.

0:37:50.760 --> 0:37:52.479
<v Speaker 3>Then you have the upper with the rich.

0:37:52.560 --> 0:37:55.120
<v Speaker 2>You know, anything over one hundred and seventy five thousand dollars,

0:37:55.960 --> 0:37:58.160
<v Speaker 2>that's where the bulk of the spending is coming from.

0:37:59.040 --> 0:38:01.360
<v Speaker 2>And when you go to the grocery store, I just

0:38:02.040 --> 0:38:04.200
<v Speaker 2>I'm sorry, I don't see it.

0:38:05.840 --> 0:38:06.160
<v Speaker 3>Again.

0:38:06.640 --> 0:38:08.759
<v Speaker 2>Going back to I want to mention the fact that

0:38:08.840 --> 0:38:12.880
<v Speaker 2>over the weekend, my wife was up in northern Ohio,

0:38:13.120 --> 0:38:17.680
<v Speaker 2>northwestern Ohio. Her son was out of town or our

0:38:17.719 --> 0:38:21.839
<v Speaker 2>son was out of town for the weekend, and so

0:38:22.280 --> 0:38:26.560
<v Speaker 2>she was up there house sitting and with their daughter

0:38:27.560 --> 0:38:31.799
<v Speaker 2>and driving up there. The amount of traffic that I

0:38:31.880 --> 0:38:34.680
<v Speaker 2>saw to go pick her up and driving back, the

0:38:34.760 --> 0:38:37.480
<v Speaker 2>number of trucks on the road. She was telling me

0:38:37.560 --> 0:38:39.800
<v Speaker 2>that over the weekend or on Saturday, that went to

0:38:39.840 --> 0:38:43.680
<v Speaker 2>the mall up there, and she said it was it

0:38:43.760 --> 0:38:46.960
<v Speaker 2>was busy, so we're talking. You know, I only have

0:38:47.120 --> 0:38:51.040
<v Speaker 2>my experience, my anecdotal evidence from what I see here

0:38:51.040 --> 0:38:54.520
<v Speaker 2>in the Greater since Northern Kentucky area. But when you

0:38:54.560 --> 0:38:58.919
<v Speaker 2>look at the business activity in northwest Ohio, that's yes,

0:38:59.000 --> 0:39:03.839
<v Speaker 2>it's still anecdotal evidence. But I don't see people slowing down.

0:39:04.080 --> 0:39:09.040
<v Speaker 2>When we have these reports about retail sales unexpectedly being higher.

0:39:10.120 --> 0:39:14.359
<v Speaker 2>That isn't all done by the rich and super rich.

0:39:14.880 --> 0:39:17.799
<v Speaker 2>That's got to be done by somebody. And for the

0:39:17.840 --> 0:39:19.960
<v Speaker 2>fact that him pointing this out that oh well, this

0:39:20.120 --> 0:39:22.759
<v Speaker 2>is just the people that are doing the most of

0:39:22.760 --> 0:39:24.879
<v Speaker 2>the spending are the wealthiest among us.

0:39:24.960 --> 0:39:25.799
<v Speaker 3>I'm not buying it.

0:39:26.360 --> 0:39:29.000
<v Speaker 2>Then I keep hearing about inflation, you know, people keep

0:39:29.000 --> 0:39:33.000
<v Speaker 2>talking about inflating. I've heard more conversations about people talking

0:39:33.000 --> 0:39:37.040
<v Speaker 2>about how high prices grocery prices and so on, and

0:39:37.120 --> 0:39:40.080
<v Speaker 2>the question I have and every time this has come up,

0:39:40.120 --> 0:39:42.160
<v Speaker 2>I've asked them, how do they shop?

0:39:43.000 --> 0:39:44.600
<v Speaker 3>But I just go in and I buy stuff.

0:39:45.440 --> 0:39:48.520
<v Speaker 2>Do you not pay attention to the sales the stuff

0:39:48.560 --> 0:39:51.279
<v Speaker 2>that's on sale in particular week. Now, when I want it,

0:39:51.320 --> 0:39:54.839
<v Speaker 2>I just go on and I get it. And when

0:39:54.960 --> 0:39:58.720
<v Speaker 2>you do that, yeah, you're going to notice a high

0:39:59.080 --> 0:40:02.319
<v Speaker 2>value of stuff, because if you look at some of

0:40:02.360 --> 0:40:04.799
<v Speaker 2>these things at the grocery shelves the way that I

0:40:04.880 --> 0:40:08.440
<v Speaker 2>look at them, they are up one week, then they

0:40:08.440 --> 0:40:11.239
<v Speaker 2>go on sale the following week, and it seems like

0:40:11.360 --> 0:40:14.640
<v Speaker 2>every couple of weeks those items go on sale. And

0:40:15.239 --> 0:40:18.160
<v Speaker 2>if you are going and you're buying what you're going

0:40:18.239 --> 0:40:21.200
<v Speaker 2>to buy during when the prices are high, yeah, it's

0:40:21.200 --> 0:40:24.200
<v Speaker 2>going to appear that way. But I've heard more talk

0:40:24.239 --> 0:40:29.399
<v Speaker 2>about inflation and more talk about people struggling as far

0:40:29.440 --> 0:40:33.560
<v Speaker 2>as seeing high prices than I did back in twenty

0:40:33.640 --> 0:40:37.719
<v Speaker 2>twenty two, when we had inflation in the month of

0:40:37.800 --> 0:40:41.200
<v Speaker 2>June at nine point two percent. Let's do a little

0:40:41.200 --> 0:40:44.719
<v Speaker 2>bit of a history lesson here. For twenty twenty one,

0:40:44.760 --> 0:40:50.080
<v Speaker 2>in the first year of the Biden presidency, annual inflation

0:40:50.360 --> 0:40:54.799
<v Speaker 2>was at seven percent. Annual inflation in twenty twenty two

0:40:55.280 --> 0:40:59.759
<v Speaker 2>six point five percent, twenty twenty three three point four.

0:41:00.320 --> 0:41:02.600
<v Speaker 2>For the entire month of twenty twenty four, or the

0:41:02.880 --> 0:41:05.600
<v Speaker 2>entire year of twenty twenty four was down at two

0:41:05.640 --> 0:41:11.120
<v Speaker 2>point nine percent. And I saw a story yesterday, actually

0:41:11.239 --> 0:41:16.560
<v Speaker 2>yesterday that said, well, inflation is on the rise. Inflation

0:41:17.000 --> 0:41:21.520
<v Speaker 2>is higher than it was last year. Yeah, the inflation

0:41:21.760 --> 0:41:26.400
<v Speaker 2>last year was at two point nine percent, and with

0:41:27.040 --> 0:41:30.040
<v Speaker 2>what October November three more months of the year, well,

0:41:30.080 --> 0:41:32.640
<v Speaker 2>actually basically two and a half more months of the year,

0:41:33.440 --> 0:41:38.600
<v Speaker 2>it is projected that inflation will be two point nine

0:41:39.080 --> 0:41:43.480
<v Speaker 2>two percent. So, yeah, two point nine last year and

0:41:43.520 --> 0:41:47.000
<v Speaker 2>then two point nine two now, Yeah, that inflation is

0:41:47.080 --> 0:41:50.640
<v Speaker 2>really going out of control. Nobody was talking about inflation

0:41:50.760 --> 0:41:53.080
<v Speaker 2>in twenty twenty one, and now all of a sudden

0:41:53.160 --> 0:41:56.920
<v Speaker 2>people want to talk about inflation. And yet when you

0:41:56.960 --> 0:41:59.160
<v Speaker 2>look at the numbers, when you delve into the numbers

0:41:59.200 --> 0:42:02.319
<v Speaker 2>and you see where and what is going up, what's

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<v Speaker 2>going down, what the experts are telling us is not

0:42:08.719 --> 0:42:11.600
<v Speaker 2>what the facts are. Well, folks, that does it frus.

0:42:11.600 --> 0:42:13.480
<v Speaker 2>Stay tuned for Red Eye Radio Top of the Hour.

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<v Speaker 2>I'm Kevin Gordon, america'struck in Network seven hundred WLW.

0:42:18.960 --> 0:42:26.719
<v Speaker 6>News Traffic and Weather News Radio seven hundred WLW Cincinnati.

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<v Speaker 7>Into the fourteenth day of the government shutdown and no

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<v Speaker 7>relief in sight. Well the top of the Hour report,

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<v Speaker 7>I'm Lee Mawan breaking now