1
00:00:00,200 --> 00:00:01,680
Speaker 1: Doing to being a mad.

2
00:00:03,000 --> 00:00:06,680
Speaker 2: Harry Harry Harry is I don't mean style also I

3
00:00:06,720 --> 00:00:11,600
Speaker 2: mean Harry driving this morning. The roadways seven hundred w W.

4
00:00:11,760 --> 00:00:15,200
Speaker 2: Scott's Loan show, first significant snowfall of the season two

5
00:00:15,280 --> 00:00:19,160
Speaker 2: to four plus depending where you are early on this morning.

6
00:00:19,239 --> 00:00:22,040
Speaker 2: The early early hours are extremely difficult. I heard poor

7
00:00:22,120 --> 00:00:24,400
Speaker 2: Chuck Ingram and traffic getting in about three and a

8
00:00:24,400 --> 00:00:27,600
Speaker 2: half hours late this morning. Left at three o'clock, didn't

9
00:00:27,600 --> 00:00:31,120
Speaker 2: get it until just after six sometime. And same for

10
00:00:31,200 --> 00:00:33,640
Speaker 2: Brian Combs and a bunch of other folks. Right, I

11
00:00:33,640 --> 00:00:35,520
Speaker 2: got here about six thirty, so I left the left

12
00:00:35,640 --> 00:00:39,920
Speaker 2: my place at until after six o'clock, and it was

13
00:00:40,920 --> 00:00:42,760
Speaker 2: thirty five in this ice eventy one by the way,

14
00:00:43,400 --> 00:00:47,440
Speaker 2: maybe thirty five miles an hour some spots and after that,

15
00:00:47,479 --> 00:00:49,440
Speaker 2: but those coming in now, I you're driving right now.

16
00:00:49,520 --> 00:00:51,360
Speaker 3: Roads O doubts certainly did a great job.

17
00:00:52,159 --> 00:00:54,520
Speaker 2: The other question would be the counties, but also the

18
00:00:54,520 --> 00:00:57,200
Speaker 2: city of Cincinnati last January. We know snow removal of

19
00:00:57,200 --> 00:00:59,600
Speaker 2: the city was a complete train wreck, was a disaster.

20
00:01:00,040 --> 00:01:04,240
Speaker 2: We had equipment breakdown, shortages, roads left untreated, communication problems

21
00:01:04,280 --> 00:01:07,960
Speaker 2: this time, lots of changes with snowplows, equipped with state

22
00:01:08,000 --> 00:01:10,400
Speaker 2: of the art technology to track routes and a new

23
00:01:10,440 --> 00:01:14,319
Speaker 2: real time snowplow tracker website that apparently is not working

24
00:01:14,360 --> 00:01:16,240
Speaker 2: as it should on that And he's out on the

25
00:01:16,240 --> 00:01:18,959
Speaker 2: street right now. That is a council member. Seth Walsh

26
00:01:19,040 --> 00:01:21,840
Speaker 2: on the show campaigned on the issue of snowplows and

27
00:01:21,880 --> 00:01:24,800
Speaker 2: snow removal, so he is our official snow guy for

28
00:01:24,880 --> 00:01:25,840
Speaker 2: the City of Cincinnati.

29
00:01:25,880 --> 00:01:27,559
Speaker 3: Seth, welcome back. Where are you right now?

30
00:01:29,840 --> 00:01:32,920
Speaker 4: We've just exited the UC area checking out around you

31
00:01:32,920 --> 00:01:36,720
Speaker 4: see health that was a hard spot last year when

32
00:01:36,720 --> 00:01:38,880
Speaker 4: the big snowstorm came in. We could literally couldn't gage

33
00:01:38,959 --> 00:01:42,440
Speaker 4: cancer patients to U see help. But it's looking great

34
00:01:42,480 --> 00:01:42,840
Speaker 4: right now.

35
00:01:42,920 --> 00:01:43,800
Speaker 3: You're actually out there.

36
00:01:43,840 --> 00:01:46,559
Speaker 2: Someone's driving you around, Buddy's driving you around, just because

37
00:01:46,560 --> 00:01:48,000
Speaker 2: you want a lay of the land. You want to

38
00:01:48,040 --> 00:01:51,200
Speaker 2: see what's working and what's not. Give me on a

39
00:01:51,200 --> 00:01:53,120
Speaker 2: scale of one to ten, how impressed are you with

40
00:01:53,200 --> 00:01:55,360
Speaker 2: the snow removal this morning with the City of Cincinnati.

41
00:01:57,040 --> 00:01:59,920
Speaker 4: Yeah, I'm gonna go seven or eight. This is prior

42
00:02:00,000 --> 00:02:02,840
Speaker 4: already the priority streets have really they're looking really good

43
00:02:02,920 --> 00:02:04,800
Speaker 4: from what I'm seeing right now, and I think that's

44
00:02:04,840 --> 00:02:08,760
Speaker 4: an incredible testament to the hard work of GPS overnight,

45
00:02:08,880 --> 00:02:10,760
Speaker 4: the strategy they put in place of last year and

46
00:02:10,840 --> 00:02:12,400
Speaker 4: make sure we didn't have to mess up from last

47
00:02:12,440 --> 00:02:15,920
Speaker 4: from the last year. And you know, frankly, Priority one

48
00:02:15,919 --> 00:02:18,919
Speaker 4: streets are looking good. I think that we're going to

49
00:02:18,960 --> 00:02:20,120
Speaker 4: see over the rest of the day, we're going to

50
00:02:20,160 --> 00:02:22,280
Speaker 4: get the rest of the side streets taken care of,

51
00:02:22,280 --> 00:02:23,840
Speaker 4: and you know, we'll move that up to a ten

52
00:02:23,880 --> 00:02:24,560
Speaker 4: when we get there.

53
00:02:25,040 --> 00:02:26,440
Speaker 3: Yeah, and on that too.

54
00:02:26,520 --> 00:02:28,960
Speaker 2: Last year, there were literally city managers said, hey, listen,

55
00:02:29,000 --> 00:02:31,480
Speaker 2: there's going to be maybe it was some bridges and

56
00:02:31,560 --> 00:02:34,240
Speaker 2: roads said that listen, there's some streets that aren't going

57
00:02:34,280 --> 00:02:36,240
Speaker 2: to get clowed. It's just a matter of fact. Is

58
00:02:36,240 --> 00:02:38,720
Speaker 2: that has that changed since this time last year?

59
00:02:40,560 --> 00:02:43,440
Speaker 4: That's my understanding. Yes, you know, we found last year

60
00:02:43,520 --> 00:02:46,440
Speaker 4: after the snow emergency that there were six hundred streets

61
00:02:46,520 --> 00:02:49,480
Speaker 4: we didn't even know that we hadn't touched. And so

62
00:02:49,560 --> 00:02:52,880
Speaker 4: we have literally redrawn the maps. We've put in place

63
00:02:52,919 --> 00:02:55,840
Speaker 4: a new system that makes so much sense. You know,

64
00:02:55,840 --> 00:02:58,800
Speaker 4: it's a GPS based system where you can actually real

65
00:02:58,840 --> 00:03:01,880
Speaker 4: time track streets are being plowed, what streets have not

66
00:03:01,919 --> 00:03:03,760
Speaker 4: been touched, and then we're making sure, we're hitting all

67
00:03:03,800 --> 00:03:06,600
Speaker 4: of them. And even though the Cloud Tracker is kind

68
00:03:06,600 --> 00:03:08,400
Speaker 4: of hit or miss right now, that's mostly because they

69
00:03:08,440 --> 00:03:11,320
Speaker 4: have too money people coming to watch it. It's working.

70
00:03:11,600 --> 00:03:12,840
Speaker 4: It seems to be working really well.

71
00:03:13,280 --> 00:03:15,600
Speaker 2: Yeah, on that, we're getting some calls. We had difficulty

72
00:03:15,680 --> 00:03:18,080
Speaker 2: trying to log on and see in real time what

73
00:03:18,200 --> 00:03:20,400
Speaker 2: roads have been plowed, and we had calls many a

74
00:03:20,400 --> 00:03:23,160
Speaker 2: lot of people expressing frustration with that, and it's a

75
00:03:23,200 --> 00:03:26,359
Speaker 2: bandwidth issue. I understand that, but is heavily this was

76
00:03:26,400 --> 00:03:28,359
Speaker 2: that with all the problems last years, heavily this this

77
00:03:28,440 --> 00:03:32,760
Speaker 2: solution was advertised. Shouldn't shouldn't that have been an issue

78
00:03:32,800 --> 00:03:34,680
Speaker 2: that was foreseen that a lot of people are getting

79
00:03:34,720 --> 00:03:36,600
Speaker 2: get on to see what the roads look like.

80
00:03:38,840 --> 00:03:40,880
Speaker 4: I would say that the issue that we did not

81
00:03:40,960 --> 00:03:43,720
Speaker 4: foresee was how successful our marketing campaign would be at

82
00:03:43,720 --> 00:03:47,440
Speaker 4: getting people to trust this and use it. Because we

83
00:03:47,560 --> 00:03:50,080
Speaker 4: definitely expected a lot of usage, we did not expect

84
00:03:50,080 --> 00:03:52,160
Speaker 4: nearly as much as we're getting today. And I think

85
00:03:52,160 --> 00:03:54,040
Speaker 4: that's I think that's fantastic, and we're going to get

86
00:03:54,040 --> 00:03:56,400
Speaker 4: it fixed for the next time. That's why you stress

87
00:03:56,480 --> 00:04:00,160
Speaker 4: test these experiences, and we're found out that it's you know,

88
00:04:00,200 --> 00:04:01,960
Speaker 4: it is working hit or miss. I've had the same

89
00:04:01,960 --> 00:04:04,680
Speaker 4: problems that you're talking about there, but the miss is

90
00:04:04,720 --> 00:04:06,320
Speaker 4: the problem, and so we're going to we're going to

91
00:04:06,360 --> 00:04:08,000
Speaker 4: increase that bandwidth. We're going to make it better for

92
00:04:08,080 --> 00:04:11,080
Speaker 4: the next time. Unfortunately that is the problem. But frankly,

93
00:04:11,240 --> 00:04:13,040
Speaker 4: I'd rather take a problem. We have too many people

94
00:04:13,080 --> 00:04:15,560
Speaker 4: watching a successful system than last year, where it was

95
00:04:15,600 --> 00:04:17,880
Speaker 4: literally making up data and making us think that it

96
00:04:17,960 --> 00:04:20,360
Speaker 4: hit streets that it had we hadn't come close to touching.

97
00:04:21,520 --> 00:04:23,640
Speaker 2: Yeah, but I guess you'll push it back if if

98
00:04:23,640 --> 00:04:26,359
Speaker 2: you stress test something, it shows you it's working. Apparently

99
00:04:26,400 --> 00:04:28,040
Speaker 2: the stress test wasn't stressful enough.

100
00:04:29,640 --> 00:04:32,359
Speaker 4: Well, I mean, yesterday I was watching it. It was

101
00:04:32,360 --> 00:04:34,760
Speaker 4: really it was actually really fun to watch. As we

102
00:04:34,760 --> 00:04:37,800
Speaker 4: were showing what streets were getting pre treated. We were

103
00:04:37,839 --> 00:04:39,920
Speaker 4: getting a lot of comments from people that they've never

104
00:04:39,960 --> 00:04:43,279
Speaker 4: seen so many so many poles out there pre treating roads.

105
00:04:44,279 --> 00:04:46,679
Speaker 4: But then today the snow hits a lot more people

106
00:04:46,720 --> 00:04:49,359
Speaker 4: watched it. So what we expected to stress us to

107
00:04:49,400 --> 00:04:51,039
Speaker 4: have in terms of how many people would watch it,

108
00:04:51,560 --> 00:04:54,479
Speaker 4: we've we've passed. Then today finds out that a lot

109
00:04:54,520 --> 00:04:56,640
Speaker 4: more people are watching it. Again, that's a good problem.

110
00:04:56,680 --> 00:04:56,920
Speaker 5: To have.

111
00:04:57,520 --> 00:04:59,160
Speaker 4: Yes, we got to do better at it. We're going

112
00:04:59,200 --> 00:05:01,760
Speaker 4: to do better at it. But the problem is too

113
00:05:01,760 --> 00:05:05,040
Speaker 4: many people ultimately are watching it that we didn't anticipate.

114
00:05:05,520 --> 00:05:07,640
Speaker 4: And I think we will fix that. And that's an

115
00:05:07,680 --> 00:05:10,200
Speaker 4: easy problem to fix, as opposed to again last year,

116
00:05:10,200 --> 00:05:12,880
Speaker 4: where we literally just didn't pow six hundred streets. That's

117
00:05:12,880 --> 00:05:15,440
Speaker 4: a big problem. This is a little Okay, let's fix

118
00:05:15,480 --> 00:05:16,720
Speaker 4: that internal it problem.

119
00:05:16,800 --> 00:05:19,320
Speaker 2: Yeah, I'm not going to be labor the snow tracker

120
00:05:19,400 --> 00:05:22,159
Speaker 2: app or the website anyway being down from time to

121
00:05:22,200 --> 00:05:24,240
Speaker 2: time and getting you know, slow to load and things

122
00:05:24,240 --> 00:05:25,760
Speaker 2: because so many people are watching it. I don't think

123
00:05:25,800 --> 00:05:28,359
Speaker 2: that's a pot It's a step in the right direction

124
00:05:28,440 --> 00:05:30,040
Speaker 2: the sense that you know, last year it was six

125
00:05:30,160 --> 00:05:33,000
Speaker 2: hundred roads if you're simply were left untreated and not

126
00:05:33,160 --> 00:05:36,120
Speaker 2: enough equipment, not enough manpower, not enough everything. And the

127
00:05:36,160 --> 00:05:39,880
Speaker 2: communication was terrible, the communication as much. You know, if

128
00:05:39,920 --> 00:05:42,239
Speaker 2: we get it right for the next no Store, I'm fine.

129
00:05:42,680 --> 00:05:44,919
Speaker 2: If we don't, there's probably more problems there than not.

130
00:05:45,120 --> 00:05:46,600
Speaker 2: But the fact of the matter is the roads are

131
00:05:46,600 --> 00:05:48,240
Speaker 2: getting treated and plowed. That's the big thing.

132
00:05:50,360 --> 00:05:50,640
Speaker 5: Yeah.

133
00:05:50,680 --> 00:05:53,520
Speaker 4: Absolutely, And to your point about communication, I mean here

134
00:05:53,600 --> 00:05:56,719
Speaker 4: in forty five minutes, the director of DPS is going

135
00:05:56,800 --> 00:05:59,039
Speaker 4: to be coming to city Council to talk about, you know,

136
00:05:59,080 --> 00:06:01,520
Speaker 4: all the work we've done the last year. Anyway, so

137
00:06:01,520 --> 00:06:04,400
Speaker 4: we're actually we're getting what. We're not waiting a month

138
00:06:04,520 --> 00:06:06,720
Speaker 4: to have a conversation about what the reaction is. We're

139
00:06:06,720 --> 00:06:09,120
Speaker 4: actually going to get real time. Here's what happened, here's

140
00:06:09,160 --> 00:06:11,119
Speaker 4: how it's put out, Here's where we need to do better.

141
00:06:11,600 --> 00:06:13,200
Speaker 4: This is the first time that I think we've had

142
00:06:13,200 --> 00:06:17,880
Speaker 4: a pretty successful reaction to the snow emergency in many,

143
00:06:17,920 --> 00:06:20,240
Speaker 4: many years. And so yeah, there's a little some little

144
00:06:20,279 --> 00:06:22,440
Speaker 4: things that are fonts in the cracks, but on the whole,

145
00:06:22,440 --> 00:06:24,200
Speaker 4: it's looking good. And I think the fact that we're

146
00:06:24,200 --> 00:06:27,080
Speaker 4: open to the feedback and criticism is really critical as well,

147
00:06:27,120 --> 00:06:30,880
Speaker 4: because for too long, you know, the answer was just well,

148
00:06:31,040 --> 00:06:33,120
Speaker 4: when you're not every sheet can get plotted, and that's

149
00:06:33,160 --> 00:06:35,680
Speaker 4: just not an acceptable answer. And this year we're not

150
00:06:35,760 --> 00:06:38,120
Speaker 4: accepting that as an answer. And I'm happy about that

151
00:06:38,720 --> 00:06:39,040
Speaker 4: as well.

152
00:06:39,080 --> 00:06:39,520
Speaker 3: You should be.

153
00:06:39,560 --> 00:06:41,760
Speaker 2: I mean that this was the feather in your cap

154
00:06:41,800 --> 00:06:44,360
Speaker 2: to get this done. There is going to be some

155
00:06:44,560 --> 00:06:46,440
Speaker 2: rough patches as you roll this thing out, and I

156
00:06:46,440 --> 00:06:48,720
Speaker 2: think most people understand it and appreciate it, but it's

157
00:06:48,760 --> 00:06:51,440
Speaker 2: moving in the right direction. And the last year, council

158
00:06:51,440 --> 00:06:55,200
Speaker 2: Member Seth Walsh, what was happening behind the scenes relative

159
00:06:55,240 --> 00:06:58,760
Speaker 2: to personnel changes, disciplinary actions, the failures addressed last year?

160
00:06:58,800 --> 00:07:02,440
Speaker 2: What what you to the last three hundred plus days.

161
00:07:04,000 --> 00:07:07,359
Speaker 4: Well, since the snow emergency, I mean you saw some

162
00:07:07,440 --> 00:07:09,920
Speaker 4: of the reporting that came out right afterwards. You know,

163
00:07:10,040 --> 00:07:12,400
Speaker 4: immediately we were trying to figure out what was happening,

164
00:07:12,720 --> 00:07:14,840
Speaker 4: why did we have such a terrible reaction to the

165
00:07:14,880 --> 00:07:18,240
Speaker 4: snow emergency? And lifted up the hood and we I

166
00:07:18,240 --> 00:07:21,760
Speaker 4: mean we found a multitude of problems, and so they

167
00:07:21,840 --> 00:07:25,960
Speaker 4: moved Assistant city Manager Kathy Bailey over DPS and she

168
00:07:26,000 --> 00:07:29,600
Speaker 4: really dug in on figuring out what happened, what support

169
00:07:29,600 --> 00:07:31,640
Speaker 4: needed to be better put in place, what systems need

170
00:07:31,680 --> 00:07:34,520
Speaker 4: to be fixed. They found over forty four different areas

171
00:07:34,760 --> 00:07:38,240
Speaker 4: and let me stress areas not like issues. So each

172
00:07:38,320 --> 00:07:40,440
Speaker 4: area had its own issues that needed to get fixed

173
00:07:40,960 --> 00:07:43,320
Speaker 4: within it that they spent the last three hundred plus

174
00:07:43,400 --> 00:07:46,680
Speaker 4: days fixing. The DPS director at the time retired. We

175
00:07:46,720 --> 00:07:49,280
Speaker 4: brought in Mark Riley, who has been fantastic. I mean

176
00:07:49,280 --> 00:07:52,280
Speaker 4: he was texting me this morning, giving me real time

177
00:07:52,320 --> 00:07:55,200
Speaker 4: updates of what was going on on the streets, really

178
00:07:55,240 --> 00:07:57,880
Speaker 4: making sure that we had this figured out. You know,

179
00:07:57,880 --> 00:07:59,640
Speaker 4: they found out within the first couple of days of

180
00:07:59,640 --> 00:08:02,000
Speaker 4: the emerge to see that we didn't touch six hundred streets,

181
00:08:02,000 --> 00:08:04,400
Speaker 4: and they've spent the last year really going through that

182
00:08:04,440 --> 00:08:06,720
Speaker 4: and redesigning all these snow routes. They've brought in all

183
00:08:06,720 --> 00:08:09,880
Speaker 4: this new technology, but also they haven't We haven't solved

184
00:08:09,880 --> 00:08:11,840
Speaker 4: all four to four of these issues yet because those

185
00:08:11,840 --> 00:08:14,040
Speaker 4: are some massive issues that we're solving. So we've solved

186
00:08:14,040 --> 00:08:17,200
Speaker 4: the immediate problems and then like today, we find you know,

187
00:08:17,200 --> 00:08:18,840
Speaker 4: we got sixty percent of the way there on the

188
00:08:18,880 --> 00:08:21,000
Speaker 4: snowplow tracker. We didn't expect as many people to be

189
00:08:21,080 --> 00:08:22,960
Speaker 4: watching it as possible, so we got to do better

190
00:08:22,960 --> 00:08:24,360
Speaker 4: and we're going to fix that for the next time.

191
00:08:24,440 --> 00:08:26,280
Speaker 4: And there's other issues we're going to continue to work on.

192
00:08:26,800 --> 00:08:28,960
Speaker 4: But the real big stuff is, you know, we have

193
00:08:29,000 --> 00:08:31,960
Speaker 4: a plan to actually pile the streets. And again you're

194
00:08:31,960 --> 00:08:34,439
Speaker 4: from Buffalo off from Michigan. Most of this comes down

195
00:08:34,440 --> 00:08:36,559
Speaker 4: and you pre treat it and then you plow it.

196
00:08:36,960 --> 00:08:39,800
Speaker 4: And we literally we're sending our crews out to Denver, saying,

197
00:08:39,800 --> 00:08:41,280
Speaker 4: how do you take care of your streets? You guys

198
00:08:41,360 --> 00:08:43,600
Speaker 4: want to handle this, and then we're taking their businesses.

199
00:08:43,760 --> 00:08:45,679
Speaker 4: We don't need to reinvent the wheel, and I think

200
00:08:45,720 --> 00:08:46,440
Speaker 4: you see that today.

201
00:08:46,679 --> 00:08:48,640
Speaker 2: Yeah, yeah, you look at the areas that get a

202
00:08:48,640 --> 00:08:50,440
Speaker 2: lot of snow and go, okay, we don't need to

203
00:08:50,480 --> 00:08:53,920
Speaker 2: replicate that, but we need to learn best practices to

204
00:08:54,080 --> 00:08:56,000
Speaker 2: handle things here in Cincinnati. Seth makes a lot of

205
00:08:56,040 --> 00:08:57,360
Speaker 2: It makes a lot of sense. Did you add more

206
00:08:57,400 --> 00:08:58,640
Speaker 2: plod drivers this year?

207
00:09:01,000 --> 00:09:01,200
Speaker 5: Yeah?

208
00:09:01,240 --> 00:09:03,800
Speaker 4: So we actually, you know, it sounds crazy, but we

209
00:09:03,840 --> 00:09:07,040
Speaker 4: actually created a system where everybody is now that would

210
00:09:07,120 --> 00:09:09,439
Speaker 4: drive a plow is actually trained to drive a plow

211
00:09:09,559 --> 00:09:12,200
Speaker 4: instead of last time where we were literally putting people

212
00:09:12,240 --> 00:09:14,120
Speaker 4: behind the wheel for the first time ever. I've actually

213
00:09:14,160 --> 00:09:17,120
Speaker 4: just seen two snowplows in the last like thirty seconds,

214
00:09:17,280 --> 00:09:21,000
Speaker 4: which is a great sign here. So you know, last

215
00:09:21,000 --> 00:09:23,360
Speaker 4: time part of the problem. If you if you can imagine,

216
00:09:23,360 --> 00:09:25,880
Speaker 4: we were literally putting people behind the wheel for the

217
00:09:25,920 --> 00:09:28,800
Speaker 4: first time, giving them a binder with map quest like

218
00:09:28,880 --> 00:09:31,360
Speaker 4: directions to say, hey, here's where you got to drive.

219
00:09:31,840 --> 00:09:33,920
Speaker 4: They were driving in the middle of a blizzard at

220
00:09:34,000 --> 00:09:36,720
Speaker 4: night with like flashlights in their mouths to figure out

221
00:09:36,720 --> 00:09:38,720
Speaker 4: where they had to go. I mean, that's just chaotic

222
00:09:38,760 --> 00:09:40,280
Speaker 4: and that's a mess, and that's the reason we saw

223
00:09:40,320 --> 00:09:43,640
Speaker 4: the disaster we saw. Now these everybody who's driving a

224
00:09:43,679 --> 00:09:45,600
Speaker 4: snowplow today that you see out there has actually gone

225
00:09:45,679 --> 00:09:48,600
Speaker 4: through simulations. They've been trained on how to drive. We've

226
00:09:48,600 --> 00:09:50,880
Speaker 4: brought people in who had the appropriate trainings. We've been

227
00:09:50,920 --> 00:09:53,079
Speaker 4: sentivized people to get trained on how to do it.

228
00:09:53,280 --> 00:09:54,840
Speaker 4: And they're out there and they're doing a great job.

229
00:09:54,920 --> 00:09:56,880
Speaker 4: And I think that day is going to continue to

230
00:09:56,880 --> 00:10:00,000
Speaker 4: show over the months and years ahead, have some really

231
00:10:00,080 --> 00:10:01,440
Speaker 4: positive returns for the city.

232
00:10:01,520 --> 00:10:04,120
Speaker 2: Yeah, and it's investing in that critical infrastructure. You know,

233
00:10:04,160 --> 00:10:05,719
Speaker 2: you can talk about all those bells and whistles and

234
00:10:05,800 --> 00:10:08,280
Speaker 2: nice stuff, but if the roads aren't plowed and the

235
00:10:08,360 --> 00:10:10,760
Speaker 2: roads aren't full of potholes, that's another issue that was

236
00:10:10,760 --> 00:10:13,959
Speaker 2: addressed to in the last year, then you're gonna have

237
00:10:14,040 --> 00:10:16,280
Speaker 2: very unhappy residents. So it's good to hear that this

238
00:10:16,360 --> 00:10:18,640
Speaker 2: has now become a big priority with you and the

239
00:10:18,640 --> 00:10:19,320
Speaker 2: rest of council.

240
00:10:19,400 --> 00:10:19,679
Speaker 3: Seth.

241
00:10:20,080 --> 00:10:21,600
Speaker 2: I think a tip of the hat. If the roads

242
00:10:21,600 --> 00:10:23,640
Speaker 2: are is good and you're you're driving around right now, well,

243
00:10:23,640 --> 00:10:25,840
Speaker 2: somebody's driving you around, So I'm gonna make it like

244
00:10:25,840 --> 00:10:27,840
Speaker 2: you're on the phone, by the way, I would if

245
00:10:27,880 --> 00:10:29,560
Speaker 2: I were that person, I'd be demanding you buy them

246
00:10:29,600 --> 00:10:33,960
Speaker 2: breakfast if you haven't already. And also the other thing

247
00:10:34,000 --> 00:10:38,439
Speaker 2: too is breakfast. It is the most important meal of

248
00:10:38,480 --> 00:10:41,080
Speaker 2: the day. Also, that the twelve hour ships are new,

249
00:10:41,200 --> 00:10:43,840
Speaker 2: is that correct?

250
00:10:43,880 --> 00:10:45,960
Speaker 3: Say that again, the twelve hour ships?

251
00:10:46,960 --> 00:10:47,200
Speaker 4: Yeah?

252
00:10:47,400 --> 00:10:50,000
Speaker 2: I think was it twenty four hour coverage? And you know,

253
00:10:50,040 --> 00:10:52,440
Speaker 2: there was a huge burnout issue because I remember, you know,

254
00:10:52,880 --> 00:10:54,480
Speaker 2: news would be talking to people who are driving a

255
00:10:54,480 --> 00:10:57,160
Speaker 2: truck for twenty four straight hours being snowblind. And now

256
00:10:57,400 --> 00:10:59,480
Speaker 2: you've kind of even changed the way that the ships

257
00:10:59,480 --> 00:11:02,720
Speaker 2: are scheduled, right, Yeah.

258
00:11:02,520 --> 00:11:04,480
Speaker 4: I mean, so we got we put them on twelve

259
00:11:04,480 --> 00:11:07,000
Speaker 4: hour shifts. There's a select crew that's on twelve hour

260
00:11:07,040 --> 00:11:09,559
Speaker 4: shifts when the weather starts to change. But in emergencies

261
00:11:09,600 --> 00:11:11,760
Speaker 4: like this, we put people on the twelve hour shifts.

262
00:11:12,240 --> 00:11:14,199
Speaker 4: And you know, emergency I think is a very loose

263
00:11:14,200 --> 00:11:16,839
Speaker 4: word for what we're dealing with today. But yeah, they're

264
00:11:16,880 --> 00:11:19,760
Speaker 4: on twelve hour shifts. They're hard work, and they were

265
00:11:19,800 --> 00:11:23,240
Speaker 4: out all night again yesterday they were pre treating watching

266
00:11:23,240 --> 00:11:25,679
Speaker 4: that on the snowploud tracker cool and I think that's

267
00:11:25,760 --> 00:11:27,880
Speaker 4: really important that you can see your roads got appreciated

268
00:11:27,920 --> 00:11:29,720
Speaker 4: and then today you can see hopefully you know, as

269
00:11:29,720 --> 00:11:33,040
Speaker 4: the day progressage of ALC your roads goot plowed and

270
00:11:33,080 --> 00:11:35,800
Speaker 4: them they're they're hard workers. And none of this problem

271
00:11:35,840 --> 00:11:38,680
Speaker 4: has ever been the drivers. The problem has been the

272
00:11:38,679 --> 00:11:40,640
Speaker 4: system we set up has failed them. And I think

273
00:11:40,640 --> 00:11:42,840
Speaker 4: for the first time they're they're set up for success

274
00:11:42,840 --> 00:11:43,439
Speaker 4: and we're seeing that.

275
00:11:44,040 --> 00:11:46,520
Speaker 2: We know Seth Walsh that the tracker only activates during

276
00:11:46,520 --> 00:11:48,960
Speaker 2: full winter response operations. What you call that like for

277
00:11:49,000 --> 00:11:52,600
Speaker 2: example the snow just remindfully, what's the threshold for that?

278
00:11:52,640 --> 00:11:53,680
Speaker 3: Who makes the call.

279
00:11:53,679 --> 00:11:57,560
Speaker 2: And we didn't have one during the dusting is I

280
00:11:57,559 --> 00:12:00,000
Speaker 2: think we had a conversation about that as well. We'll

281
00:12:00,320 --> 00:12:02,960
Speaker 2: change eventually to where any snow event where the roads

282
00:12:03,000 --> 00:12:05,320
Speaker 2: are treated, will least snow where they're doing their job.

283
00:12:07,679 --> 00:12:09,679
Speaker 4: Oh well, I don't want to talk too far out

284
00:12:09,720 --> 00:12:11,280
Speaker 4: of school on this one, but I think that that

285
00:12:11,400 --> 00:12:13,599
Speaker 4: was a little bit of some bureaucratic speak when we

286
00:12:13,880 --> 00:12:16,000
Speaker 4: gave that answer. I think this is again part of

287
00:12:16,040 --> 00:12:19,000
Speaker 4: how we were learning and growing. So last time when

288
00:12:19,000 --> 00:12:21,440
Speaker 4: we had the dusting, the reason that the snowplow tractor

289
00:12:21,520 --> 00:12:24,480
Speaker 4: wasn't working. Is there weren't snowplows out there? And shortly

290
00:12:24,480 --> 00:12:26,240
Speaker 4: before you and I had our last call about this,

291
00:12:26,840 --> 00:12:28,400
Speaker 4: one of the things I challenged them on was, hey,

292
00:12:28,720 --> 00:12:31,000
Speaker 4: we're pre treating streets like show people, We're pre treating

293
00:12:31,000 --> 00:12:32,880
Speaker 4: streets so you don't have to have a snowplow out there.

294
00:12:33,120 --> 00:12:35,600
Speaker 4: And you see this time again, you can track the

295
00:12:35,600 --> 00:12:37,720
Speaker 4: pre treating in your streets on there. They reacted quickly,

296
00:12:37,800 --> 00:12:40,959
Speaker 4: they made the adaptions, they moved forward. So I think

297
00:12:41,000 --> 00:12:43,600
Speaker 4: the appropriate answer how you track snowplows is if there's

298
00:12:43,600 --> 00:12:46,000
Speaker 4: a snowplow snowpower out there, you should be able to

299
00:12:46,040 --> 00:12:48,480
Speaker 4: track it. And if that is pre treating your street,

300
00:12:48,480 --> 00:12:50,280
Speaker 4: if that is power your street, we want to be

301
00:12:50,280 --> 00:12:52,880
Speaker 4: able to track the snowpower. If you can't track it

302
00:12:52,960 --> 00:12:55,200
Speaker 4: outside of the situation like today where there's too many

303
00:12:55,240 --> 00:12:57,560
Speaker 4: people watching it, you can't track it, it's because there's

304
00:12:57,559 --> 00:12:59,640
Speaker 4: no snowplow out there. And then you can ask us

305
00:12:59,679 --> 00:13:01,480
Speaker 4: why is it not snowplowt there. We'll probably say it's

306
00:13:01,480 --> 00:13:03,320
Speaker 4: because it's a sunny day and there's not no reason

307
00:13:03,360 --> 00:13:05,679
Speaker 4: for one. That's the hope, at least.

308
00:13:05,480 --> 00:13:06,880
Speaker 3: Yeah, well right exactly.

309
00:13:06,880 --> 00:13:08,240
Speaker 2: I mean, if there's a threat, as we know, you

310
00:13:08,280 --> 00:13:10,400
Speaker 2: know Cincinnati's, we freak out the minute there's even the

311
00:13:10,440 --> 00:13:13,360
Speaker 2: forecast of snow. We start driving with our hazards on.

312
00:13:13,480 --> 00:13:15,880
Speaker 2: We pump our brakes. Some people drive sixty miles over

313
00:13:15,920 --> 00:13:18,800
Speaker 2: the speed limits and people thirty miles under the speed limit.

314
00:13:19,040 --> 00:13:21,920
Speaker 2: It's chaos out there before the first flake even flies.

315
00:13:22,280 --> 00:13:24,600
Speaker 2: I think having that system in place, when that's part

316
00:13:24,640 --> 00:13:26,199
Speaker 2: of it's like, hey, the roads are treated. There's a

317
00:13:26,200 --> 00:13:28,520
Speaker 2: little bit of comfort there knowing that you guys are on.

318
00:13:28,760 --> 00:13:30,640
Speaker 2: I think it's a good ad for the competence of

319
00:13:30,640 --> 00:13:31,040
Speaker 2: the city.

320
00:13:32,800 --> 00:13:34,920
Speaker 4: I agree, and I think it's going to be critical

321
00:13:35,000 --> 00:13:37,360
Speaker 4: as schools have to make decisions about whether they're gonn

322
00:13:37,360 --> 00:13:38,920
Speaker 4: to be open or closed. You know, they have to

323
00:13:38,920 --> 00:13:40,280
Speaker 4: build trust the city is going to be able to

324
00:13:40,280 --> 00:13:43,280
Speaker 4: do their job and get the streets plowed, and the

325
00:13:43,800 --> 00:13:47,960
Speaker 4: part of city government is rebuilding that trust. What happened

326
00:13:48,040 --> 00:13:51,120
Speaker 4: last year was big in the sense of is ten inches,

327
00:13:51,120 --> 00:13:53,200
Speaker 4: but it's been an issue that's been building a building

328
00:13:53,240 --> 00:13:55,880
Speaker 4: building for years, and so hopefully this allows not only

329
00:13:55,960 --> 00:13:57,640
Speaker 4: have streets clear, but to be able to get schools

330
00:13:57,640 --> 00:14:00,840
Speaker 4: open appropriately build trust that we were ready for, and

331
00:14:00,920 --> 00:14:02,440
Speaker 4: it just kind of ripples out from there so that

332
00:14:02,600 --> 00:14:05,199
Speaker 4: you know, jobs aren't interrupted and people can continue their

333
00:14:05,240 --> 00:14:07,959
Speaker 4: lives even though snow's coming down. They get enjoy the

334
00:14:07,960 --> 00:14:10,120
Speaker 4: beauty of watching the snow as opposed to worry about

335
00:14:10,160 --> 00:14:10,640
Speaker 4: driving in it.

336
00:14:10,800 --> 00:14:11,240
Speaker 3: Yeah.

337
00:14:11,320 --> 00:14:13,520
Speaker 2: The other element of this too, you kind of touched

338
00:14:13,559 --> 00:14:15,920
Speaker 2: down a little bit is the prioritization of streets. Obviously,

339
00:14:15,960 --> 00:14:18,120
Speaker 2: the arteries, the ones that get you to the hospitals

340
00:14:18,120 --> 00:14:20,800
Speaker 2: for example, campuses, things like that, those have to be

341
00:14:20,800 --> 00:14:24,280
Speaker 2: cleared for emergency runs and the like. Side streets get deprioritized.

342
00:14:24,520 --> 00:14:26,600
Speaker 2: But what is a reasonable wait for people listening this

343
00:14:26,640 --> 00:14:29,400
Speaker 2: morning seth wallsh relative to their street being cloud.

344
00:14:31,480 --> 00:14:31,680
Speaker 5: Yeah.

345
00:14:31,720 --> 00:14:33,640
Speaker 4: I think the biggest way I'd say it is, you know,

346
00:14:33,680 --> 00:14:35,440
Speaker 4: right off the bat, we've got to clear the arteries,

347
00:14:35,480 --> 00:14:38,680
Speaker 4: and to your point, you know, cancer not cancer hospitals

348
00:14:38,680 --> 00:14:40,200
Speaker 4: are really important because people need to be able to

349
00:14:40,200 --> 00:14:43,760
Speaker 4: get to and fro there from there. From there, we

350
00:14:43,840 --> 00:14:46,560
Speaker 4: kind of spread out to you know, the streets that

351
00:14:46,600 --> 00:14:48,800
Speaker 4: most people are traveling on. You probably know what they

352
00:14:48,800 --> 00:14:51,280
Speaker 4: are because you're probably driving on them. And then once

353
00:14:51,360 --> 00:14:54,200
Speaker 4: the snow really kind of stops, it allows us to

354
00:14:54,240 --> 00:14:58,160
Speaker 4: start tackling and triage in the side streets, but immediately

355
00:14:58,160 --> 00:14:59,840
Speaker 4: when the snow's coming down, we're trying to get those

356
00:15:00,080 --> 00:15:03,160
Speaker 4: the main arteries, the main emergency roads, the main roads

357
00:15:03,200 --> 00:15:05,400
Speaker 4: people are going to be driving on as clear as possible.

358
00:15:05,440 --> 00:15:07,080
Speaker 4: We just keep hitting them and then I'm when the

359
00:15:07,080 --> 00:15:08,880
Speaker 4: show's over, we're gonna go out there. We're gonna hit

360
00:15:08,920 --> 00:15:10,840
Speaker 4: the side streets and get those clear because that's a

361
00:15:10,880 --> 00:15:12,720
Speaker 4: lot easier to just hit it once or twice and

362
00:15:12,720 --> 00:15:13,800
Speaker 4: then it's completely solved.

363
00:15:13,880 --> 00:15:15,680
Speaker 2: Yeah, and I love the you know, the when the

364
00:15:15,680 --> 00:15:17,640
Speaker 2: apps up and fully working should be for the next

365
00:15:17,680 --> 00:15:20,640
Speaker 2: cycle here, then you're gonna be there's gonna be accountability.

366
00:15:20,640 --> 00:15:22,560
Speaker 2: You can see that where the roads are, when they've

367
00:15:22,560 --> 00:15:24,640
Speaker 2: been treated, when they've been plowed, where they've been salted

368
00:15:24,680 --> 00:15:28,200
Speaker 2: and plowed. There's a whole bunch of metrics on the page.

369
00:15:28,520 --> 00:15:31,320
Speaker 2: And that's a step in the right direction for sure.

370
00:15:31,320 --> 00:15:33,440
Speaker 2: I know, a little glitchy this morning with that website

371
00:15:33,440 --> 00:15:35,880
Speaker 2: not working at times, a little slow to load, but

372
00:15:36,400 --> 00:15:38,120
Speaker 2: you're confident you're going to get this taken care of

373
00:15:38,200 --> 00:15:38,880
Speaker 2: for the next round.

374
00:15:40,640 --> 00:15:44,040
Speaker 4: I'm I'm very confident and I'm I'm optimistic that going forward,

375
00:15:44,120 --> 00:15:45,760
Speaker 4: it will not be a thing in Cincinnati where you

376
00:15:45,800 --> 00:15:48,640
Speaker 4: say my street never gets plowed. If your street doesn't

377
00:15:48,640 --> 00:15:50,760
Speaker 4: get plowed, it should be for other reasons, like it's

378
00:15:50,760 --> 00:15:53,160
Speaker 4: a private street, not because it's subsidious and Snati street

379
00:15:53,160 --> 00:15:55,040
Speaker 4: and we just don't plow it. And I think that'd

380
00:15:55,040 --> 00:15:58,160
Speaker 4: be a huge change that hopefully you don't even realize happened.

381
00:15:59,360 --> 00:16:01,080
Speaker 2: He says, well, well, she's in the thick of it

382
00:16:01,160 --> 00:16:03,640
Speaker 2: right now, checking out the roads, make sure the plow

383
00:16:03,760 --> 00:16:05,480
Speaker 2: crews are doing what they're doing, making sure of things

384
00:16:05,480 --> 00:16:08,720
Speaker 2: working right. It sounds certainly well, not perfect, light years

385
00:16:08,760 --> 00:16:11,360
Speaker 2: away from where we were, well almost a year ago

386
00:16:11,440 --> 00:16:14,360
Speaker 2: in January went that ten inch storm and literally six

387
00:16:14,480 --> 00:16:17,240
Speaker 2: hundred streets not plowed. That is an unmitigated disaster. Far

388
00:16:17,320 --> 00:16:19,840
Speaker 2: sight better today for sure, Buddy. Appreciate you checking in

389
00:16:19,880 --> 00:16:24,040
Speaker 2: this morning, Seth as always. Thanks again, Thanks scott Council

390
00:16:24,040 --> 00:16:26,160
Speaker 2: member Seth Wilson in the Scotsland Show on seven hundred

391
00:16:26,240 --> 00:16:26,560
Speaker 2: w Dow.

392
00:16:26,680 --> 00:16:26,880
Speaker 5: There you go.

393
00:16:26,920 --> 00:16:28,800
Speaker 2: Hopefully your commutes okay, And looks like a lot of

394
00:16:28,840 --> 00:16:31,880
Speaker 2: the roads got cleared in the last couple hours anyway

395
00:16:32,160 --> 00:16:33,680
Speaker 2: for those straggling the work.

396
00:16:33,680 --> 00:16:35,840
Speaker 3: Maybe a little bit late this morning. That's good. That's good.

397
00:16:35,880 --> 00:16:38,720
Speaker 2: So yeah, not perfect by any stretch of the imagination,

398
00:16:38,840 --> 00:16:40,720
Speaker 2: but far sight better than it was. At least the

399
00:16:40,800 --> 00:16:43,200
Speaker 2: needle is moving in the right direction slowly with news.

400
00:16:43,240 --> 00:16:45,440
Speaker 2: We'll get a full traffic and weather update seconds away

401
00:16:45,480 --> 00:16:52,560
Speaker 2: here on seven hundred wlws hi Scott's here seven hundred

402
00:16:52,560 --> 00:16:54,320
Speaker 2: w Hope you get to where you're going. If you

403
00:16:54,320 --> 00:16:55,600
Speaker 2: had to get where you're going, If you didn't have

404
00:16:55,640 --> 00:17:00,720
Speaker 2: to get anywhere, then good for you. What you doing

405
00:17:00,800 --> 00:17:04,199
Speaker 2: A bad day yesterday? Well, one good, one bad, the

406
00:17:04,280 --> 00:17:06,480
Speaker 2: really bad. I was watching, for some reason, watching that

407
00:17:06,520 --> 00:17:09,199
Speaker 2: stupid Monday night game last night, the Patriots and the Giants,

408
00:17:09,200 --> 00:17:13,400
Speaker 2: and watched the kicker, young Ouku, do something I've never

409
00:17:13,440 --> 00:17:16,439
Speaker 2: seen before in all my years of watching football. If

410
00:17:16,440 --> 00:17:18,160
Speaker 2: you haven't seen the clip yet, it is worth it.

411
00:17:19,160 --> 00:17:21,600
Speaker 2: Not only did he miss the football in the field

412
00:17:21,640 --> 00:17:26,719
Speaker 2: goal attempt, his he kicked the he kicked the ground

413
00:17:27,600 --> 00:17:30,040
Speaker 2: in front of the ball like he didn't make contact

414
00:17:30,040 --> 00:17:30,440
Speaker 2: with the ball.

415
00:17:30,480 --> 00:17:34,119
Speaker 3: His foot struck a good I don't know.

416
00:17:34,160 --> 00:17:36,920
Speaker 2: I had to be probably a foot behind the football

417
00:17:37,960 --> 00:17:40,040
Speaker 2: like drove his tone into the groud like Joe Burrow,

418
00:17:42,080 --> 00:17:44,119
Speaker 2: to the point where Jackson got the quarterback said, some

419
00:17:44,480 --> 00:17:46,920
Speaker 2: caught on the sideline saying some very unsavory words coming

420
00:17:46,960 --> 00:17:50,399
Speaker 2: out of his mouth. But I've never seen that before

421
00:17:50,400 --> 00:17:52,680
Speaker 2: in my life. And I brought it up to Tom

422
00:17:52,720 --> 00:17:54,760
Speaker 2: Brenneman and we were passing the hall. He said, nope,

423
00:17:55,119 --> 00:17:57,080
Speaker 2: I've covered a lot of football. I've watched a lot

424
00:17:57,080 --> 00:18:00,439
Speaker 2: of football. I've never seen that happen on any level.

425
00:18:01,080 --> 00:18:04,639
Speaker 2: That was incredible. And Joe Burrow got tackled at turf

426
00:18:04,640 --> 00:18:07,960
Speaker 2: toe surgery. He actually did it to himself. I don't

427
00:18:07,960 --> 00:18:10,680
Speaker 2: think he's injured or hurt. Then they tried to fake

428
00:18:10,720 --> 00:18:12,359
Speaker 2: it and pass it and they got sacked and it

429
00:18:12,440 --> 00:18:15,960
Speaker 2: was just a It's the Giants. New York teams are terrible,

430
00:18:16,160 --> 00:18:18,600
Speaker 2: just terrible. The other good news story, I guess if

431
00:18:18,600 --> 00:18:21,240
Speaker 2: you're Lane Kiffin, you got paid new head coach at LSU.

432
00:18:21,359 --> 00:18:23,680
Speaker 2: But those interesting, these other videos of this or he's

433
00:18:23,680 --> 00:18:26,920
Speaker 2: getting on the private plane to fly to Baton rouge Ole,

434
00:18:26,960 --> 00:18:29,199
Speaker 2: Miss fans are out on the tarmac booing him, like

435
00:18:29,280 --> 00:18:30,800
Speaker 2: throwing stuff at him, and he said yeah. At the

436
00:18:30,800 --> 00:18:33,359
Speaker 2: press conference. On the way to the airport, people are

437
00:18:33,359 --> 00:18:35,280
Speaker 2: trying to run him off the road. They were so

438
00:18:35,359 --> 00:18:39,600
Speaker 2: mad at him leaving before the Bowl Bull games.

439
00:18:40,480 --> 00:18:41,359
Speaker 3: You know, I'm sorry.

440
00:18:41,680 --> 00:18:43,760
Speaker 2: Number one is if you were gonna get a pay,

441
00:18:43,840 --> 00:18:46,240
Speaker 2: if you're gonna make thirteen million dollars, you do this,

442
00:18:46,400 --> 00:18:47,320
Speaker 2: I would do the same thing.

443
00:18:47,480 --> 00:18:49,840
Speaker 3: Presumably you do the same thing. Yeah, I'll tank some heat.

444
00:18:49,880 --> 00:18:50,360
Speaker 3: I don't care.

445
00:18:50,960 --> 00:18:53,400
Speaker 2: The other element is that's outside of Lane Kiffin's control,

446
00:18:53,760 --> 00:18:55,679
Speaker 2: Like you're mad at him for doing what.

447
00:18:57,160 --> 00:18:57,720
Speaker 3: Well, you left.

448
00:18:57,800 --> 00:19:00,480
Speaker 2: You quit in the middle of the you quit. That's

449
00:19:00,520 --> 00:19:03,800
Speaker 2: how works in college football. It doesn't work that way

450
00:19:03,800 --> 00:19:05,320
Speaker 2: in the NFL. They have a rule that says, well,

451
00:19:05,359 --> 00:19:09,200
Speaker 2: you can't leave during the season for another job. College

452
00:19:09,240 --> 00:19:11,919
Speaker 2: football could certainly do that and fix that problem, but

453
00:19:12,000 --> 00:19:13,879
Speaker 2: they choose not to. Part of that has to do

454
00:19:13,960 --> 00:19:16,960
Speaker 2: with recruiting because unlike the NFL, where there's a draft,

455
00:19:17,000 --> 00:19:20,000
Speaker 2: you know you're when you're not coaching and coming up

456
00:19:20,000 --> 00:19:23,320
Speaker 2: with game plans, you're out recruiting. So it's a twenty

457
00:19:23,320 --> 00:19:25,480
Speaker 2: four to seven job. It's a three hundred and sixty

458
00:19:25,480 --> 00:19:27,000
Speaker 2: five day a year job. There's just no good time

459
00:19:27,040 --> 00:19:30,440
Speaker 2: to leave when when when's a good time? Right after

460
00:19:30,520 --> 00:19:32,840
Speaker 2: you start? So college footle go change it and say, hey, listen,

461
00:19:32,840 --> 00:19:34,680
Speaker 2: there's a window. I don't know if it's a month

462
00:19:34,760 --> 00:19:38,400
Speaker 2: or however long it is. After the last bowl game

463
00:19:38,520 --> 00:19:43,040
Speaker 2: and before they start of the season, you can apply

464
00:19:43,160 --> 00:19:45,639
Speaker 2: and get a job or someone can hire you away.

465
00:19:47,359 --> 00:19:50,000
Speaker 2: But that's in Thailand. College swoop. That's not Lane Givens

466
00:19:50,000 --> 00:19:52,080
Speaker 2: fault man. I think that's some weak sauce. If you're

467
00:19:52,240 --> 00:19:54,160
Speaker 2: trying to run them off, allegedly run them off the road,

468
00:19:54,400 --> 00:19:56,960
Speaker 2: or you're you're mad at him, why gotta leave it

469
00:19:57,040 --> 00:19:59,400
Speaker 2: s and app again. I realized what happened with Tony

470
00:19:59,400 --> 00:20:02,240
Speaker 2: Pike and Brian Kelly when Brian Kelly left. But them's

471
00:20:02,280 --> 00:20:05,159
Speaker 2: the rules. If college footballans to fix it, they should.

472
00:20:05,720 --> 00:20:07,600
Speaker 2: If they don't, it's on them. That's where the anger

473
00:20:07,600 --> 00:20:13,280
Speaker 2: should lie. Anyway, this is a very interesting week, and

474
00:20:13,359 --> 00:20:17,520
Speaker 2: I in my lifetime, I don't think I've seen something

475
00:20:17,560 --> 00:20:20,280
Speaker 2: that has changed the game in such a short period

476
00:20:20,320 --> 00:20:23,199
Speaker 2: of time as AI this week. This week marks the

477
00:20:23,359 --> 00:20:28,040
Speaker 2: three year anniversary since the launch of Chat GPT. It

478
00:20:28,080 --> 00:20:32,040
Speaker 2: feels like artificial intelligence, whether it's Chat, GPT or Claude.

479
00:20:32,040 --> 00:20:34,560
Speaker 2: I use Claude, there's other products out there. It feels

480
00:20:34,600 --> 00:20:36,240
Speaker 2: like it's been around for about ten years. Doesn't that

481
00:20:36,760 --> 00:20:39,280
Speaker 2: it's hard to believe they rolled it out three years ago,

482
00:20:40,840 --> 00:20:46,200
Speaker 2: November twenty twenty two, and simply because within months millions

483
00:20:46,200 --> 00:20:50,160
Speaker 2: of hundreds of millions of people were online using AI assistance.

484
00:20:50,200 --> 00:20:52,399
Speaker 2: You could write, you could code, you could analyze, you

485
00:20:52,440 --> 00:20:55,440
Speaker 2: can reason, you can research, and it feels it feels

486
00:20:55,480 --> 00:20:56,040
Speaker 2: like cheating.

487
00:20:56,960 --> 00:20:57,840
Speaker 3: You know, future.

488
00:20:57,560 --> 00:21:00,000
Speaker 2: Generations will look at us and go, well, that technology,

489
00:21:00,040 --> 00:21:02,960
Speaker 2: who is really bad? But it's so much better now.

490
00:21:04,760 --> 00:21:06,679
Speaker 2: How it's going to improve? We don't know. It's going

491
00:21:06,760 --> 00:21:09,720
Speaker 2: to get wiser, smarter, faster, and more intuitive, there's no

492
00:21:09,760 --> 00:21:12,960
Speaker 2: doubt about it. But future generationals kind of laugh at us,

493
00:21:13,000 --> 00:21:16,880
Speaker 2: like it just feels like it's magic, Like you're cheating. Well,

494
00:21:16,880 --> 00:21:20,240
Speaker 2: that's kind of cheating. I know people who do coding.

495
00:21:20,280 --> 00:21:22,760
Speaker 2: I know people who do research and can generate just

496
00:21:23,240 --> 00:21:25,520
Speaker 2: tons of good data in a very very short period

497
00:21:25,520 --> 00:21:28,240
Speaker 2: of time, literally in seconds or minutes, as the case

498
00:21:28,280 --> 00:21:32,080
Speaker 2: may be. And now your whole industry that's built around

499
00:21:32,119 --> 00:21:36,879
Speaker 2: these language models, and it's affected pretty much all of us.

500
00:21:36,960 --> 00:21:39,120
Speaker 2: You're not using AI and yours you kind of are.

501
00:21:39,600 --> 00:21:44,080
Speaker 2: Programmers use coding assistance for drafting and editing. Designers use

502
00:21:44,119 --> 00:21:49,040
Speaker 2: image generation, there's chatbots, research analysis, thirty to I think

503
00:21:49,119 --> 00:21:51,280
Speaker 2: the upwards like four out of ten white collar workers

504
00:21:51,320 --> 00:21:54,719
Speaker 2: now use it regularly use generative AD and it affects

505
00:21:54,880 --> 00:21:57,840
Speaker 2: ninety percent of all jobs right now, and that's only

506
00:21:57,920 --> 00:21:59,440
Speaker 2: going to get up to one hundred at some point.

507
00:22:00,440 --> 00:22:03,840
Speaker 2: But it's also a disruptor too, because the image generators

508
00:22:05,200 --> 00:22:08,800
Speaker 2: have basically democratized visual creation is what's going on. So

509
00:22:09,000 --> 00:22:11,120
Speaker 2: you know, we're going to see all these lines blurred

510
00:22:11,480 --> 00:22:14,080
Speaker 2: if they're not already. About artistic ownership and copyright, we're

511
00:22:14,119 --> 00:22:16,320
Speaker 2: having fights over that right now. We have AI generated

512
00:22:16,440 --> 00:22:19,080
Speaker 2: art in music and video. There's songs that are charting

513
00:22:19,080 --> 00:22:22,840
Speaker 2: that are completely AI made. There's voices that are completely

514
00:22:22,880 --> 00:22:26,159
Speaker 2: a AI. You never know it. So there's a lot

515
00:22:26,200 --> 00:22:28,800
Speaker 2: of controversy as well. I think the point is coming

516
00:22:29,240 --> 00:22:31,719
Speaker 2: certainly within our lifetimes where most of the stuff that

517
00:22:31,760 --> 00:22:33,840
Speaker 2: you as far as content goes, is going to be

518
00:22:33,880 --> 00:22:35,760
Speaker 2: created by AI because you know, you don't have to

519
00:22:35,760 --> 00:22:38,359
Speaker 2: worry about actors going on strike, you don't have to

520
00:22:38,359 --> 00:22:41,800
Speaker 2: worry about production costs and filming on location and things

521
00:22:41,840 --> 00:22:44,520
Speaker 2: like that. AI can dream all that stuff up and

522
00:22:44,560 --> 00:22:46,359
Speaker 2: do such a good job because it's only going to

523
00:22:46,359 --> 00:22:48,639
Speaker 2: get better of tricking the eye into seeing what you

524
00:22:48,680 --> 00:22:52,840
Speaker 2: say we see you know, people falling for stuff all

525
00:22:52,880 --> 00:22:55,160
Speaker 2: the time. And I think the other challenge, the big

526
00:22:55,240 --> 00:22:57,080
Speaker 2: challenge of this one, at least from my end of it,

527
00:22:57,119 --> 00:22:59,760
Speaker 2: when it comes to content, is with deep fakes and

528
00:22:59,800 --> 00:23:03,520
Speaker 2: a I generated content. I keep getting this ad pop

529
00:23:03,600 --> 00:23:05,440
Speaker 2: up on social I'm sure you've seen it as well,

530
00:23:05,440 --> 00:23:08,240
Speaker 2: where it's a it's kind of like a it's allegedly

531
00:23:08,280 --> 00:23:10,600
Speaker 2: it's a robot dog. I think they have a robot cat,

532
00:23:10,640 --> 00:23:14,720
Speaker 2: but it's a robot dog and it looks extremely realistic,

533
00:23:14,840 --> 00:23:18,760
Speaker 2: like yeah, even veterinarians are fooled by this, and you

534
00:23:18,760 --> 00:23:20,760
Speaker 2: think it's a real dog and you look at them,

535
00:23:20,840 --> 00:23:23,760
Speaker 2: Oh that's and you know, like I'm watching, going, okay,

536
00:23:23,800 --> 00:23:27,639
Speaker 2: that's AI. It's clearly AI. It's fake and there's no

537
00:23:27,680 --> 00:23:30,840
Speaker 2: way the robot looks exactly like that. It's just it's impossible.

538
00:23:32,040 --> 00:23:34,680
Speaker 2: But you wonder how many people are fooled going, oh,

539
00:23:34,800 --> 00:23:37,240
Speaker 2: it's a dog that looks exactly like and you open

540
00:23:37,280 --> 00:23:40,760
Speaker 2: the box. It's nothing like that. It's not that lifelike. Yeah,

541
00:23:40,760 --> 00:23:43,000
Speaker 2: it's an AI image, is what that is? And say,

542
00:23:43,080 --> 00:23:45,200
Speaker 2: it's what we can tell now. And I think in

543
00:23:45,240 --> 00:23:47,439
Speaker 2: the next few years, and it's getting harder and harder

544
00:23:47,480 --> 00:23:50,800
Speaker 2: to discern with the naked eye what's real and what's fake.

545
00:23:51,600 --> 00:23:53,320
Speaker 2: So there's gonna be a lot of challenges with that

546
00:23:53,440 --> 00:23:56,359
Speaker 2: coming up, and the challenges to anyone who's in the

547
00:23:56,480 --> 00:24:01,200
Speaker 2: entertainment field for that matter, because you know, future entertainers

548
00:24:01,240 --> 00:24:03,639
Speaker 2: are gonna be AI based, it's gonna be AI generated

549
00:24:04,040 --> 00:24:06,639
Speaker 2: if they be such a thing. And you know, it's

550
00:24:06,680 --> 00:24:08,320
Speaker 2: all integrated right now. It's hard to believe all this

551
00:24:08,359 --> 00:24:10,320
Speaker 2: has just happened in the last three years. I think

552
00:24:10,320 --> 00:24:13,600
Speaker 2: to me that is the amazing part. Three years since

553
00:24:13,720 --> 00:24:16,600
Speaker 2: Chad GBT was launched. It feels like it's it's about

554
00:24:16,680 --> 00:24:19,000
Speaker 2: ten because in the past it was yeah, okay, search

555
00:24:19,040 --> 00:24:20,760
Speaker 2: engines and bots and things like that.

556
00:24:20,880 --> 00:24:23,280
Speaker 3: Yeah, yeah, you know we had Google.

557
00:24:23,320 --> 00:24:26,080
Speaker 2: Well Google's become commonplace, but before that, there were other

558
00:24:26,680 --> 00:24:30,000
Speaker 2: search engines out there that we would use, or social

559
00:24:30,040 --> 00:24:34,600
Speaker 2: media platforms right that are now extinct for that matter.

560
00:24:35,640 --> 00:24:38,440
Speaker 3: But the chatbots that that's that's going to be.

561
00:24:40,119 --> 00:24:42,000
Speaker 2: Interesting to see how it develops over the next wee

562
00:24:42,440 --> 00:24:44,960
Speaker 2: probably two weeks is going to feel like two years

563
00:24:45,000 --> 00:24:47,720
Speaker 2: at this point. Anyway, it's slowly here on seven hundred

564
00:24:47,720 --> 00:24:51,080
Speaker 2: WW and got Steve Gooden coming up he's an interesting

565
00:24:51,080 --> 00:24:53,600
Speaker 2: perspective on this. Steve, of course, you know he ran

566
00:24:53,680 --> 00:24:59,080
Speaker 2: for council, but also his background. He's an attorney constitutionals,

567
00:24:59,080 --> 00:25:01,480
Speaker 2: a very sharp all one of the sharpest attorneys I

568
00:25:01,480 --> 00:25:04,199
Speaker 2: think in the in the state for that matter, but

569
00:25:04,359 --> 00:25:07,600
Speaker 2: also a former judge advocate general for the United States Army.

570
00:25:08,320 --> 00:25:10,920
Speaker 2: And we talk to him, especially pick his sup a

571
00:25:10,960 --> 00:25:14,320
Speaker 2: legal mind about Venezuela and the attacks. And now we

572
00:25:14,400 --> 00:25:16,800
Speaker 2: have somewhat of a constitutional crisis. You know, you love

573
00:25:16,880 --> 00:25:20,760
Speaker 2: him or hate him. The thing about the Trump administration

574
00:25:21,080 --> 00:25:25,600
Speaker 2: is it is a very interesting test of our legal system.

575
00:25:26,840 --> 00:25:29,320
Speaker 2: Now if you don't like it, you're complaining that he's

576
00:25:29,320 --> 00:25:32,320
Speaker 2: shrinding the Constitution, and this is awful for the country.

577
00:25:32,320 --> 00:25:34,720
Speaker 2: And every day it's something new and how you pervert

578
00:25:34,760 --> 00:25:38,120
Speaker 2: the Constitution of twisted your needs and meets. But as

579
00:25:38,119 --> 00:25:41,880
Speaker 2: we saw with January sixth, which you know, my mind

580
00:25:41,880 --> 00:25:46,240
Speaker 2: dissuaded him from getting my vote, I wasn't going to

581
00:25:46,320 --> 00:25:49,320
Speaker 2: do after that. You know, I understand it's a constitutal test.

582
00:25:49,359 --> 00:25:50,520
Speaker 2: I look at that way and go, okay, all of

583
00:25:50,560 --> 00:25:54,520
Speaker 2: these are probing to see how far we can take

584
00:25:54,520 --> 00:25:56,520
Speaker 2: the Constitution. I think from a legal standpo he's an

585
00:25:56,600 --> 00:26:00,240
Speaker 2: armchair fan of the law. Myself certainly know a turn,

586
00:26:00,960 --> 00:26:02,760
Speaker 2: but I watch this and go, yeah. The other side

587
00:26:02,760 --> 00:26:06,960
Speaker 2: of this fact is like the Constitution is living, breathing document,

588
00:26:07,040 --> 00:26:09,439
Speaker 2: and what happens is people test the Constitution all the

589
00:26:09,440 --> 00:26:11,920
Speaker 2: time and that is interpreted by the Supreme Court of

590
00:26:11,920 --> 00:26:14,199
Speaker 2: the United States to find out what the parameters law are.

591
00:26:14,240 --> 00:26:15,119
Speaker 3: And it's always changing.

592
00:26:15,359 --> 00:26:20,040
Speaker 2: It's it's always becoming something else, simply because there's so

593
00:26:20,080 --> 00:26:22,240
Speaker 2: many things that happen on a daily basis that the

594
00:26:22,280 --> 00:26:25,320
Speaker 2: framers didn't foresee. It's it's amazing to see how this

595
00:26:25,400 --> 00:26:28,080
Speaker 2: document is supple, that is holds a test of time

596
00:26:28,080 --> 00:26:28,840
Speaker 2: for twohndred and fifties.

597
00:26:28,840 --> 00:26:29,840
Speaker 3: So really it's really cool.

598
00:26:31,240 --> 00:26:33,719
Speaker 2: But this one, I think even pushes the limits of

599
00:26:33,760 --> 00:26:37,160
Speaker 2: the Constitution itself in a sense, because Navy pilots ordered

600
00:26:37,160 --> 00:26:39,960
Speaker 2: to attack that another suspected drug runner off the coast

601
00:26:40,000 --> 00:26:43,960
Speaker 2: of Venezuela back in what September, and survivors afterward were

602
00:26:44,000 --> 00:26:48,919
Speaker 2: spot in the water, according to reports from multiple outlets. Now,

603
00:26:49,000 --> 00:26:51,960
Speaker 2: the Secretary Offense Pete's Headswith ordered a second attack to

604
00:26:52,040 --> 00:26:55,000
Speaker 2: kill everybody that was clinging to the wreckage. Now, he

605
00:26:55,040 --> 00:26:57,760
Speaker 2: said that report is inaccurate. The White House says it

606
00:26:57,800 --> 00:27:02,200
Speaker 2: was actually Admiral Frank Bradley and not to Secretary of

607
00:27:02,200 --> 00:27:05,000
Speaker 2: Defense that ordered that. President Trump says he didn't order it.

608
00:27:07,840 --> 00:27:11,639
Speaker 2: So yeah, it's it's gonna be a lot of finger

609
00:27:11,640 --> 00:27:14,320
Speaker 2: pointing here, and eventually what happens is probably Frank Bradley

610
00:27:14,359 --> 00:27:16,560
Speaker 2: is the one who falls on the sharp stick as

611
00:27:16,600 --> 00:27:19,320
Speaker 2: often as the case. But White House yesterday defending the

612
00:27:19,400 --> 00:27:22,320
Speaker 2: legality of that attack. Congress said we're going to investigate this,

613
00:27:22,400 --> 00:27:25,679
Speaker 2: and it's bipartisan. It's not just Democrats too, like Jeffers,

614
00:27:25,720 --> 00:27:27,399
Speaker 2: it's many others as well, saying, well, we've got to

615
00:27:27,400 --> 00:27:30,160
Speaker 2: look at this because it's pretty clear with the laws

616
00:27:30,160 --> 00:27:33,119
Speaker 2: of Engagement, laws of war, rules of war. You know,

617
00:27:33,240 --> 00:27:37,320
Speaker 2: killing in already a questionable enemy combatant, but killing someone

618
00:27:37,400 --> 00:27:40,560
Speaker 2: who is no longer a threat is against our rules.

619
00:27:41,680 --> 00:27:44,200
Speaker 2: And it states that the DoD has been pretty clear

620
00:27:44,240 --> 00:27:46,879
Speaker 2: on this for various reasons. Anyway, we'll get into what

621
00:27:46,880 --> 00:27:48,880
Speaker 2: all this means with Steve Gooden covered at ten oh

622
00:27:48,920 --> 00:27:50,760
Speaker 2: seven this morning here on the Scotts Loan Show on

623
00:27:50,800 --> 00:27:54,199
Speaker 2: seven hundred WWT. Good news is the weather looks like

624
00:27:54,240 --> 00:27:56,840
Speaker 2: it's over right now. These storms have moved out left

625
00:27:56,880 --> 00:27:59,280
Speaker 2: a good several inches of snow depending where our roads

626
00:27:59,280 --> 00:28:01,920
Speaker 2: are getting cleared. Just at congress Member or congress Member

627
00:28:02,280 --> 00:28:06,359
Speaker 2: Console member Seth Walsh on the show because he was like, literally,

628
00:28:06,400 --> 00:28:08,840
Speaker 2: he's the guy getting all the street stuff fixed. That

629
00:28:08,960 --> 00:28:12,840
Speaker 2: was his rallying cry for his reelection. And I know

630
00:28:12,920 --> 00:28:15,280
Speaker 2: the app the storm tracker, and I want to say

631
00:28:15,280 --> 00:28:19,000
Speaker 2: app it's on appets just a website. The plowtracker was

632
00:28:19,040 --> 00:28:21,159
Speaker 2: down periodically. He said, well, you know what, we had

633
00:28:21,160 --> 00:28:23,720
Speaker 2: some twenty more people on that looking at than we anticipated,

634
00:28:23,920 --> 00:28:26,000
Speaker 2: even during the stress test. So we'll get that right

635
00:28:26,040 --> 00:28:29,159
Speaker 2: for the next time we get significant snowfall in Cincinnati.

636
00:28:29,200 --> 00:28:31,639
Speaker 2: But he's driving around and roads look pretty clear. In

637
00:28:31,640 --> 00:28:32,960
Speaker 2: a lot of heirs, I will say Odat did a

638
00:28:33,000 --> 00:28:33,560
Speaker 2: great job too.

639
00:28:33,640 --> 00:28:34,199
Speaker 3: This morning.

640
00:28:34,520 --> 00:28:37,480
Speaker 2: When I rolled in very early, this would have been

641
00:28:37,600 --> 00:28:40,800
Speaker 2: six o'clock, six thirty, I got into the station roads,

642
00:28:41,000 --> 00:28:43,160
Speaker 2: I was like thirty thirty five maybe forty miles an

643
00:28:43,160 --> 00:28:46,600
Speaker 2: hour in places driving seventy five south. I know those

644
00:28:46,680 --> 00:28:48,880
Speaker 2: driving northbound where just it was like three hour delay

645
00:28:48,880 --> 00:28:51,480
Speaker 2: in some cases took forever for folks to get in.

646
00:28:51,560 --> 00:28:54,640
Speaker 2: But I'll buy and large in this case, we are

647
00:28:55,000 --> 00:28:57,960
Speaker 2: fairly clear roads right now, So cruiser out there, whether

648
00:28:58,000 --> 00:29:01,280
Speaker 2: it's the state, the county, or the city. And they

649
00:29:01,280 --> 00:29:03,080
Speaker 2: got us caught up at this point too, so it's

650
00:29:03,080 --> 00:29:05,040
Speaker 2: all good anyway. I'm gonna get a quick time out

651
00:29:05,080 --> 00:29:07,160
Speaker 2: in more to follow Scott's loan on this snowy Tuesday.

652
00:29:07,160 --> 00:29:08,720
Speaker 3: Here I got you covered seven hundred.

653
00:29:08,480 --> 00:29:16,000
Speaker 2: WW news update and it's away here on seven hundred

654
00:29:16,040 --> 00:29:21,640
Speaker 2: WW Scott's Loan show. Here is a This is an

655
00:29:21,640 --> 00:29:23,440
Speaker 2: old weird trick for you. I just saw this win

656
00:29:23,760 --> 00:29:26,880
Speaker 2: I didn't. I'm really if there's a thing to it.

657
00:29:26,880 --> 00:29:31,440
Speaker 2: It's called dark showering. Apparently, if you take a shower, well,

658
00:29:31,480 --> 00:29:34,040
Speaker 2: the lights are off for the lighting dim rather than bright,

659
00:29:34,080 --> 00:29:37,160
Speaker 2: and you're, you know, getting all the the undercarriage clean

660
00:29:38,000 --> 00:29:41,440
Speaker 2: because you don't want the rust, get the simonies on there.

661
00:29:42,680 --> 00:29:46,320
Speaker 2: It's not only the hygiene you're doing, but apparently by

662
00:29:46,360 --> 00:29:48,600
Speaker 2: dimming you're turning off the lights. You create you're creating

663
00:29:48,600 --> 00:29:52,000
Speaker 2: what they call a sensory cocoon that signals the body

664
00:29:52,000 --> 00:29:54,000
Speaker 2: to unwine. And this, of course is important if you

665
00:29:54,080 --> 00:29:56,880
Speaker 2: shower at night. Now, are you a morning shower? Are

666
00:29:56,920 --> 00:29:59,160
Speaker 2: you an evening shower? Are you a I don't know,

667
00:29:59,280 --> 00:30:01,800
Speaker 2: two times a day shower. But if you shower in

668
00:30:01,840 --> 00:30:05,040
Speaker 2: the evenings before bed, which I'm a fan of because

669
00:30:05,080 --> 00:30:06,840
Speaker 2: I like to be clean before I slid in the bed,

670
00:30:08,640 --> 00:30:11,680
Speaker 2: it helps you down regulate your body's stress response. So

671
00:30:12,000 --> 00:30:14,920
Speaker 2: and it also supports natural circadian transition from day to

672
00:30:15,000 --> 00:30:17,440
Speaker 2: night and night to day. And it's kind of a

673
00:30:17,440 --> 00:30:20,200
Speaker 2: threshold moment, they said, So you're not only just getting clean,

674
00:30:20,680 --> 00:30:22,560
Speaker 2: but the warmth of the shower and the soap and

675
00:30:22,600 --> 00:30:25,760
Speaker 2: the smells and everything in the dark is leading you

676
00:30:25,840 --> 00:30:32,520
Speaker 2: to sleepy time. So stress goes down, you're kind of unwinding.

677
00:30:32,560 --> 00:30:35,120
Speaker 2: It's the signal to your body to chill out, get

678
00:30:35,160 --> 00:30:38,560
Speaker 2: ready for bed, improves your sleep, gets your mood right,

679
00:30:39,360 --> 00:30:45,040
Speaker 2: your mindfulness. And there's I guess, I don't know I'm

680
00:30:45,120 --> 00:30:47,080
Speaker 2: rating this, and it says in a time where most

681
00:30:47,080 --> 00:30:50,640
Speaker 2: people barely have space for rest, let alone intimacy, dark

682
00:30:50,680 --> 00:30:53,400
Speaker 2: showering has the power to rewaken sensuality. The low light,

683
00:30:53,440 --> 00:30:56,400
Speaker 2: warm water, and heightened sensor awareness creates a soft atmospheric mood.

684
00:30:56,440 --> 00:30:57,320
Speaker 3: I don't know what that means.

685
00:30:58,120 --> 00:30:59,960
Speaker 2: Intimacy, But you're by yourself, I mean, if you're in

686
00:31:00,080 --> 00:31:02,320
Speaker 2: the shower someone else then I'm good for you, but

687
00:31:03,400 --> 00:31:08,000
Speaker 2: you're clean and dirty at the same time. So apparently

688
00:31:08,040 --> 00:31:10,440
Speaker 2: this is a new thing. Maybe not a new thing.

689
00:31:10,440 --> 00:31:12,680
Speaker 2: It's been around turning the lights off for your shower,

690
00:31:12,720 --> 00:31:14,920
Speaker 2: but I don't know. You get that certain age too,

691
00:31:14,920 --> 00:31:16,200
Speaker 2: it's like, oh, that's all well and good. They start

692
00:31:16,200 --> 00:31:19,120
Speaker 2: worrying about, well, you know, I trip over the shower

693
00:31:19,160 --> 00:31:20,840
Speaker 2: into the curb of the shower, or I got to

694
00:31:20,880 --> 00:31:24,040
Speaker 2: try and grab a towel. And on the other side

695
00:31:24,080 --> 00:31:27,120
Speaker 2: as well, you know what, I hate myself image is

696
00:31:27,160 --> 00:31:29,120
Speaker 2: so bad. This is good because I don't want to

697
00:31:29,160 --> 00:31:32,240
Speaker 2: see myself naked. I can't stand it dark showering.

698
00:31:32,240 --> 00:31:32,680
Speaker 3: There you go.

699
00:31:32,720 --> 00:31:34,600
Speaker 2: We'll get a news update in we'll get a little

700
00:31:34,600 --> 00:31:36,560
Speaker 2: bit more serious after ten oh seven was Steve Good,

701
00:31:36,600 --> 00:31:39,960
Speaker 2: an attorney and former judge Advocate General for the US Army,

702
00:31:40,040 --> 00:31:42,600
Speaker 2: and what is going on on Veszuela, specifically with not

703
00:31:42,720 --> 00:31:45,680
Speaker 2: just a strike against an alleged drug smuggler in a boat,

704
00:31:45,720 --> 00:31:51,400
Speaker 2: but killing those who were already in the water. So

705
00:31:52,200 --> 00:31:54,000
Speaker 2: you know there's an issue there whether or not that's

706
00:31:54,040 --> 00:31:56,360
Speaker 2: a war crime. The words war crimes are being thrown

707
00:31:56,360 --> 00:31:59,040
Speaker 2: around right now relative to the Pentagon. We'll get to

708
00:31:59,120 --> 00:32:01,440
Speaker 2: that with Steve and kick the tires on it. Just

709
00:32:01,480 --> 00:32:03,400
Speaker 2: ahead on the Scott's Loan Show, Home of the Best

710
00:32:03,440 --> 00:32:10,040
Speaker 2: Bengals coverage seven hundred WWT Cincinnati. All right, snow behind us.

711
00:32:10,080 --> 00:32:12,760
Speaker 3: We move forward, always moving forward.

712
00:32:12,960 --> 00:32:16,640
Speaker 2: Constitutional crisis burning at the Pentagon after Navy pilot's ordered

713
00:32:16,600 --> 00:32:19,040
Speaker 2: to attack a suspected drug runner off the coast of

714
00:32:19,080 --> 00:32:22,480
Speaker 2: Venezuela in September. Afterwards survivor's spot in the water, and

715
00:32:22,520 --> 00:32:27,440
Speaker 2: according to reports, Secretary of Defense Headseth ordered a second

716
00:32:27,480 --> 00:32:31,320
Speaker 2: attack to quote kill everybody claning the wreckage. She said,

717
00:32:31,520 --> 00:32:34,920
Speaker 2: that's inaccurate. The White House now says Admiral Frank Bradley

718
00:32:35,240 --> 00:32:39,080
Speaker 2: and not Hegsith directed the strikes. President Trump says he

719
00:32:39,120 --> 00:32:41,360
Speaker 2: didn't order it, said the first one was effective, we

720
00:32:41,400 --> 00:32:44,360
Speaker 2: didn't do the second one. White House defended the legality

721
00:32:44,400 --> 00:32:48,080
Speaker 2: of it all. But now Congress, in a bipartisan fashion,

722
00:32:48,200 --> 00:32:51,400
Speaker 2: believe it or not, wants to investigate, and some members

723
00:32:51,440 --> 00:32:54,120
Speaker 2: are warning, if substantiated, this could violate the laws of war.

724
00:32:54,120 --> 00:32:59,560
Speaker 2: We're talking about significant constitutional violations and war crimes. No

725
00:32:59,560 --> 00:33:02,000
Speaker 2: one better suited to talk about this in Cincinnati than

726
00:33:02,200 --> 00:33:05,120
Speaker 2: Attorney Steve Good and of course he was also an

727
00:33:05,240 --> 00:33:09,520
Speaker 2: Army judge advocate general, so understands the process here, Steve, welcome, high.

728
00:33:09,360 --> 00:33:13,280
Speaker 5: Ben great snowed in but good.

729
00:33:13,280 --> 00:33:16,800
Speaker 2: Otherwise, well, it's good. Now we can work from home.

730
00:33:16,840 --> 00:33:18,400
Speaker 2: When we used to go mad I got to leave

731
00:33:18,480 --> 00:33:20,520
Speaker 2: five hours early to get into war. Some people here

732
00:33:20,520 --> 00:33:24,080
Speaker 2: were three hour through our commute when normally takes him

733
00:33:24,120 --> 00:33:27,040
Speaker 2: about twenty minutes. So yeah, if you left earlier this morning,

734
00:33:27,040 --> 00:33:28,800
Speaker 2: we had the worst of it, that's for sure. So yeah,

735
00:33:28,800 --> 00:33:32,520
Speaker 2: if you go work from home, get or done, big boy?

736
00:33:32,640 --> 00:33:35,840
Speaker 3: So what do you at first? Blush? This is not good.

737
00:33:37,080 --> 00:33:39,920
Speaker 2: The core argument here, the core legal argument we'll get

738
00:33:39,960 --> 00:33:42,400
Speaker 2: to in a second, but from a perspective of someone

739
00:33:42,480 --> 00:33:44,840
Speaker 2: who served as an attorney the fact attorney in the

740
00:33:44,920 --> 00:33:46,800
Speaker 2: United States Military of the Army as a judge at

741
00:33:46,920 --> 00:33:51,080
Speaker 2: the general this is if this is true, is this

742
00:33:51,160 --> 00:33:51,480
Speaker 2: a wark?

743
00:33:51,560 --> 00:33:51,720
Speaker 5: Right?

744
00:33:53,680 --> 00:33:56,239
Speaker 6: You know, it's really hard to say. And I'll tell

745
00:33:56,280 --> 00:33:58,400
Speaker 6: you it's funny. I used to teach the law of

746
00:33:58,440 --> 00:34:00,640
Speaker 6: war and the rules of engagement and all the stuff

747
00:34:00,680 --> 00:34:02,640
Speaker 6: down at Fort Bragg. And you know this was a

748
00:34:02,640 --> 00:34:05,640
Speaker 6: Seal Team six operation actually done out of Fort Brag,

749
00:34:06,760 --> 00:34:09,239
Speaker 6: So I know that world a bit. I spent about

750
00:34:09,239 --> 00:34:13,560
Speaker 6: thirteen months there during the Iraq War. And I can

751
00:34:13,600 --> 00:34:18,080
Speaker 6: tell you that it's more complicated than it might seem.

752
00:34:18,239 --> 00:34:21,000
Speaker 6: I mean, there's really multiple parts of the what we

753
00:34:21,080 --> 00:34:23,319
Speaker 6: call the American law of war. We have our own

754
00:34:23,440 --> 00:34:27,160
Speaker 6: rules of engagement, but we're also signatories to the Geneva Convention,

755
00:34:27,200 --> 00:34:29,880
Speaker 6: which deals with how we treat prisoners of war and

756
00:34:30,280 --> 00:34:33,680
Speaker 6: injured soldiers on the other side. And really what's happened

757
00:34:33,719 --> 00:34:36,359
Speaker 6: here is the Trump folks have made an argument that

758
00:34:36,360 --> 00:34:40,720
Speaker 6: we're in an armed conflict with Venezuela, which is where

759
00:34:40,760 --> 00:34:44,000
Speaker 6: most of these boats are originating from, because of their

760
00:34:44,080 --> 00:34:48,880
Speaker 6: role in the cocaine trade. They have designated Maduro, their president,

761
00:34:49,600 --> 00:34:52,080
Speaker 6: as a terrorist, what they're calling a narco terrorist. Now,

762
00:34:52,080 --> 00:34:53,759
Speaker 6: this is kind of a term that's sort of new,

763
00:34:53,800 --> 00:34:56,800
Speaker 6: it's sort of made up. This concept has been kicking

764
00:34:56,840 --> 00:34:59,360
Speaker 6: around since the Reagan administration. That this is really the

765
00:34:59,400 --> 00:35:03,160
Speaker 6: first time that the America, that the United States and

766
00:35:03,200 --> 00:35:04,960
Speaker 6: a lot of people are paying attention to this. That

767
00:35:05,040 --> 00:35:10,080
Speaker 6: the United States basically said the regime in Venezuela is illegitimate.

768
00:35:10,239 --> 00:35:13,560
Speaker 6: They are part of the problem. They are pumping fatanyl

769
00:35:13,600 --> 00:35:15,880
Speaker 6: and cocaine and other drugs into the United States.

770
00:35:15,960 --> 00:35:17,399
Speaker 5: And we consider this to be.

771
00:35:17,560 --> 00:35:20,319
Speaker 6: An armed you know, an armed conflict, which is the

772
00:35:20,320 --> 00:35:21,960
Speaker 6: first thing you have to have in order for the

773
00:35:22,000 --> 00:35:25,799
Speaker 6: rules of engagement to take place or to be applicable.

774
00:35:26,040 --> 00:35:29,680
Speaker 6: And then second, we're considering these folks on these boats

775
00:35:29,760 --> 00:35:33,239
Speaker 6: to be armed combatants. Now, whether any of that all

776
00:35:33,320 --> 00:35:36,879
Speaker 6: turns out to be true is really what I think

777
00:35:36,920 --> 00:35:38,399
Speaker 6: these hearings are going to flesh out.

778
00:35:38,440 --> 00:35:41,800
Speaker 5: You know, at this point, we don't have anything in any.

779
00:35:41,600 --> 00:35:47,160
Speaker 6: Facts that I have heard that seriously robut the administration's

780
00:35:47,280 --> 00:35:49,719
Speaker 6: claim that these folks were drug runners. So if you

781
00:35:49,800 --> 00:35:52,960
Speaker 6: accept the argument that the government of Venezuela and the

782
00:35:52,960 --> 00:35:56,719
Speaker 6: people behind this are in quote unquote narco terrorists, that

783
00:35:56,800 --> 00:35:59,520
Speaker 6: we're in conflict with them because they're bringing these dangerous

784
00:35:59,560 --> 00:36:02,640
Speaker 6: drugs to go with fentanyl into the United States. Uh,

785
00:36:02,719 --> 00:36:05,640
Speaker 6: then then there is some justification of the laws of

786
00:36:05,680 --> 00:36:09,600
Speaker 6: war to engage. Now this very specific issue about what

787
00:36:09,640 --> 00:36:12,200
Speaker 6: they call it double tap strike, which is heads up

788
00:36:12,320 --> 00:36:14,480
Speaker 6: or the admiral or whoever it was, going back and

789
00:36:14,520 --> 00:36:17,799
Speaker 6: shooting the prisoner or not the prisoner shooting the two survivors.

790
00:36:18,960 --> 00:36:20,200
Speaker 5: That's not uncommon.

791
00:36:20,640 --> 00:36:23,680
Speaker 6: Uh. The double tap thing is something that occurred in

792
00:36:23,719 --> 00:36:26,120
Speaker 6: the Rack over and over again that occurred, and uh,

793
00:36:26,719 --> 00:36:29,800
Speaker 6: the idf uses it in some of their battles and

794
00:36:30,800 --> 00:36:34,319
Speaker 6: palest on and so forth. So it's not an uncommon thing.

795
00:36:35,320 --> 00:36:38,839
Speaker 6: The theory being that that the the injured person, if

796
00:36:38,840 --> 00:36:41,560
Speaker 6: he truly is a combatant, is still sort of in

797
00:36:41,600 --> 00:36:45,120
Speaker 6: the fight, could call for backup, could cause problems. Now,

798
00:36:45,239 --> 00:36:47,359
Speaker 6: it is distasteful, it is tough, and there's a lot

799
00:36:47,400 --> 00:36:50,440
Speaker 6: of conflict in military law circles about whether it's appropriate,

800
00:36:50,520 --> 00:36:52,759
Speaker 6: whether you have some sort of obligation to go try

801
00:36:52,760 --> 00:36:55,719
Speaker 6: to rescue that person even though they're they're down. So

802
00:36:56,239 --> 00:36:58,680
Speaker 6: all of this, in my mind, is going to hinge

803
00:36:58,840 --> 00:37:05,439
Speaker 6: on the administrations. The accuracy really of the administration sort

804
00:37:05,480 --> 00:37:10,440
Speaker 6: of designation of Venezuela and its government as being actually

805
00:37:10,800 --> 00:37:13,239
Speaker 6: in combat with us because of the drug thing. That

806
00:37:13,400 --> 00:37:16,640
Speaker 6: is a kind of a new frontier legally speaking. But

807
00:37:16,680 --> 00:37:19,120
Speaker 6: if that holds water, then then it's sort of a

808
00:37:19,120 --> 00:37:21,920
Speaker 6: fair game for us to engage these folks as they come.

809
00:37:21,760 --> 00:37:22,440
Speaker 5: Back and forth.

810
00:37:23,440 --> 00:37:26,080
Speaker 6: And I've really not heard any evidence to the contrary

811
00:37:26,160 --> 00:37:28,719
Speaker 6: that that isn't true. And if you look, the other

812
00:37:28,760 --> 00:37:30,600
Speaker 6: thing that's really fascinating to me that I think is

813
00:37:30,600 --> 00:37:33,239
Speaker 6: getting lost in all this is we are having a

814
00:37:33,480 --> 00:37:35,480
Speaker 6: slow but discernible build.

815
00:37:35,280 --> 00:37:36,600
Speaker 5: Up around Venezuela.

816
00:37:36,760 --> 00:37:38,879
Speaker 6: And if you read in the New York Times, which

817
00:37:38,960 --> 00:37:41,160
Speaker 6: is sometimes are ead with a huge grain of salt,

818
00:37:41,640 --> 00:37:44,000
Speaker 6: you know, they've been writing for weeks that there are

819
00:37:44,040 --> 00:37:46,440
Speaker 6: sources in the administration saying that there is a movement

820
00:37:46,480 --> 00:37:51,279
Speaker 6: toward total regime change, you know, in Venezuela. On the part,

821
00:37:51,400 --> 00:37:53,279
Speaker 6: you know that there are people in the Trump administration,

822
00:37:53,320 --> 00:37:55,840
Speaker 6: including Mark Arrubio, who really just want to overthrow the

823
00:37:55,840 --> 00:37:59,000
Speaker 6: government of Venezuela under the theory that it will bust

824
00:37:59,080 --> 00:38:01,719
Speaker 6: up out of the narco terrorism, in that Venezuela is

825
00:38:01,760 --> 00:38:06,080
Speaker 6: actually propping up Cuba, the cognist Cuban regime. So there

826
00:38:06,120 --> 00:38:09,600
Speaker 6: may be a much larger long term play here on

827
00:38:09,680 --> 00:38:13,360
Speaker 6: the part of the Trump administration in terms of actually

828
00:38:13,440 --> 00:38:18,600
Speaker 6: changing the entire administration in Venezuela. So really, at this

829
00:38:18,600 --> 00:38:20,480
Speaker 6: point we've got it. There are more facts that we

830
00:38:20,600 --> 00:38:22,680
Speaker 6: really need to know before we can talk about it

831
00:38:23,080 --> 00:38:26,200
Speaker 6: with any kind of you know, any kind of certainty.

832
00:38:26,280 --> 00:38:28,600
Speaker 6: But those are the sorts of things we should be

833
00:38:28,600 --> 00:38:29,040
Speaker 6: looking for.

834
00:38:29,200 --> 00:38:31,720
Speaker 2: Well, initially, Steve Gunn, I can't help but think, Okay,

835
00:38:31,760 --> 00:38:35,840
Speaker 2: maybe this is a signal to Mexico and China is

836
00:38:35,920 --> 00:38:39,880
Speaker 2: under givenment in Mexico and other nations because if you

837
00:38:39,960 --> 00:38:44,800
Speaker 2: go after Venezuela, they are literally the I mean they really,

838
00:38:45,400 --> 00:38:47,400
Speaker 2: if you believe the government reports leading up to this,

839
00:38:47,680 --> 00:38:50,240
Speaker 2: they're not a big player when it comes to narco trafficking.

840
00:38:50,280 --> 00:38:54,440
Speaker 2: It's a very small percentage. You know, certainly when you

841
00:38:54,440 --> 00:38:56,160
Speaker 2: look at south of the border, you think Mexico and

842
00:38:56,480 --> 00:39:00,280
Speaker 2: drug cartels and other countries like that, but certainly not Venezuela.

843
00:39:00,400 --> 00:39:02,279
Speaker 2: And even the government reporting up to this point and

844
00:39:02,320 --> 00:39:04,120
Speaker 2: said now they're not really not on the radar for this,

845
00:39:04,440 --> 00:39:07,520
Speaker 2: but you're making a case of what this is. And

846
00:39:07,640 --> 00:39:09,839
Speaker 2: I wonder if that's a signal for other nations going off,

847
00:39:09,880 --> 00:39:12,319
Speaker 2: they're going to go after Venezuela. It may be the

848
00:39:12,320 --> 00:39:14,880
Speaker 2: bigger players next, So that even I think is going

849
00:39:14,880 --> 00:39:18,440
Speaker 2: to get called a question by either Congress or the

850
00:39:18,480 --> 00:39:19,520
Speaker 2: Supreme Court eventually.

851
00:39:21,080 --> 00:39:23,000
Speaker 6: I think you're right, and I think if we're looking

852
00:39:23,040 --> 00:39:26,000
Speaker 6: at this not just that, if we step back from

853
00:39:26,040 --> 00:39:28,200
Speaker 6: whatever happened with these boats and look at the bigger

854
00:39:28,239 --> 00:39:31,319
Speaker 6: picture here, I mean, it looks to me like of

855
00:39:31,360 --> 00:39:35,600
Speaker 6: all the kind of narco terrorists, drug trafficking nations in

856
00:39:35,640 --> 00:39:38,320
Speaker 6: South and Central America. They've picked the weakest one and

857
00:39:38,360 --> 00:39:41,640
Speaker 6: the weakest government, which is Venezuela. We know that most

858
00:39:41,640 --> 00:39:43,920
Speaker 6: of the FEDNOYL is coming up through Mexico, but we

859
00:39:44,000 --> 00:39:47,560
Speaker 6: also know because of all kinds of geopolitical reasons, we're

860
00:39:47,560 --> 00:39:48,920
Speaker 6: not going to invade Mexico.

861
00:39:49,040 --> 00:39:49,600
Speaker 5: We can't.

862
00:39:49,960 --> 00:39:54,239
Speaker 6: We know that's really the problem. And but Venezuela is

863
00:39:54,239 --> 00:39:57,719
Speaker 6: probably these of those countries from how it's always been

864
00:39:57,760 --> 00:39:59,759
Speaker 6: explained to me is they're very much involved in the

865
00:39:59,760 --> 00:40:02,080
Speaker 6: coke king trade, but a lot of it goes to

866
00:40:02,160 --> 00:40:06,160
Speaker 6: Europe from Venezuela for whatever reason. I mean, you know,

867
00:40:06,400 --> 00:40:08,680
Speaker 6: you have the US is kind of a secondary market

868
00:40:08,800 --> 00:40:11,600
Speaker 6: for their drugs. So it's clearly meant to send a

869
00:40:11,680 --> 00:40:14,600
Speaker 6: signal to and destabilize and send a signal to the

870
00:40:14,600 --> 00:40:18,560
Speaker 6: whole mass, the whole region, you know, by going after

871
00:40:18,680 --> 00:40:21,080
Speaker 6: these boats in these very simininess, very small way. But

872
00:40:21,120 --> 00:40:24,640
Speaker 6: also it looks like very slowly amassing troops and ships

873
00:40:24,640 --> 00:40:26,719
Speaker 6: in that region. And the other thing I think kind

874
00:40:26,719 --> 00:40:29,880
Speaker 6: of tone throw it into the mix is just this week,

875
00:40:31,160 --> 00:40:34,319
Speaker 6: Trump pardoned the president of Honduras, who was in a

876
00:40:34,440 --> 00:40:38,520
Speaker 6: US federal prison for cocaine traps. Yeah, so they and

877
00:40:38,880 --> 00:40:42,239
Speaker 6: if you read all these together, it looks to me

878
00:40:42,600 --> 00:40:46,080
Speaker 6: like the Trump administration is telling these folks down, you know,

879
00:40:46,160 --> 00:40:48,560
Speaker 6: the presidents, the generals and the folks who are really

880
00:40:48,920 --> 00:40:51,319
Speaker 6: kind of looking the other way or actually participating in

881
00:40:51,360 --> 00:40:53,600
Speaker 6: the dirugt trade in these countries, like, hey, I'm going

882
00:40:53,680 --> 00:40:56,000
Speaker 6: to be picking winners and losers here in a big way.

883
00:40:57,000 --> 00:40:58,279
Speaker 6: And if you want to cut a deal with me,

884
00:40:58,360 --> 00:40:59,960
Speaker 6: you ought to be cutting a deal with me right now.

885
00:41:00,040 --> 00:41:02,719
Speaker 6: And absolutely going after Venezuela, which is sort of the

886
00:41:02,719 --> 00:41:06,640
Speaker 6: weak link. It has to be about sending a message

887
00:41:06,920 --> 00:41:08,359
Speaker 6: to Mexico particularly.

888
00:41:08,520 --> 00:41:11,680
Speaker 2: Yeah, and I get the political gamesmanship that's going on here,

889
00:41:11,719 --> 00:41:14,080
Speaker 2: Steve Goodin. But the other hand is, you know these

890
00:41:14,080 --> 00:41:17,160
Speaker 2: are real kills. The one now when the question is

891
00:41:17,200 --> 00:41:20,719
Speaker 2: the second strike, I'm looking at a court order. Well,

892
00:41:20,719 --> 00:41:22,640
Speaker 2: it's from the US Court of Appeals about nine years

893
00:41:22,640 --> 00:41:25,080
Speaker 2: ago that says if a soldier, and this is in

894
00:41:25,200 --> 00:41:28,440
Speaker 2: your guys, is to be the army intentionally kills a pow,

895
00:41:28,640 --> 00:41:31,360
Speaker 2: he commits murder. We don't kill POW's in the Navy.

896
00:41:31,680 --> 00:41:36,520
Speaker 2: According to the Commander's Book of Naval Operations, enemy combatants

897
00:41:36,560 --> 00:41:39,680
Speaker 2: or combatants or civilians defenseless because of a shipwreck also

898
00:41:39,719 --> 00:41:43,520
Speaker 2: fall into that category. So I guess the observation here

899
00:41:43,560 --> 00:41:46,480
Speaker 2: would be if you've already destroyed the ship and whatever

900
00:41:46,520 --> 00:41:49,560
Speaker 2: that ship is carrying, yeah, I guess you don't have

901
00:41:49,640 --> 00:41:51,880
Speaker 2: to rescue the prisoners in that case or the people

902
00:41:51,880 --> 00:41:54,520
Speaker 2: who are still alive from that. But going and killing

903
00:41:54,560 --> 00:42:00,239
Speaker 2: them that is that's a different type of me. It's

904
00:42:00,280 --> 00:42:02,719
Speaker 2: an execution, is what it is. Does that not fall

905
00:42:02,719 --> 00:42:04,080
Speaker 2: into the category of work rhymes in?

906
00:42:06,080 --> 00:42:06,279
Speaker 4: Yeah?

907
00:42:06,320 --> 00:42:08,359
Speaker 6: You know that That is the one piece of this

908
00:42:08,440 --> 00:42:11,839
Speaker 6: where I think there will be some real investigation. I mean,

909
00:42:12,280 --> 00:42:14,360
Speaker 6: that's again what they call the double tap. You have

910
00:42:14,480 --> 00:42:16,239
Speaker 6: the you have the strike, you have the destructure, and

911
00:42:16,239 --> 00:42:19,200
Speaker 6: then you come back and and hit it a second time.

912
00:42:19,680 --> 00:42:23,200
Speaker 6: Uh and and you're right like particularly you know under

913
00:42:23,400 --> 00:42:26,520
Speaker 6: under the navy rags. You know, a shipwrecked person is

914
00:42:26,560 --> 00:42:28,279
Speaker 6: somebody that I guess you would in theory have an

915
00:42:28,320 --> 00:42:30,399
Speaker 6: obligation to go back and help. But then the other

916
00:42:30,480 --> 00:42:33,080
Speaker 6: question is going to be who gave the order, When

917
00:42:33,160 --> 00:42:35,640
Speaker 6: was the order given, what was the context of the order.

918
00:42:36,000 --> 00:42:38,040
Speaker 6: There's been a lot of talk, I guess by like

919
00:42:38,120 --> 00:42:40,839
Speaker 6: Senator Mark Kelly and others about this idea that some

920
00:42:40,880 --> 00:42:44,359
Speaker 6: of the individual troops involved could have could face court

921
00:42:44,440 --> 00:42:47,959
Speaker 6: martial because they had an obligation to resist an illegal order.

922
00:42:48,040 --> 00:42:49,840
Speaker 6: But in this case, I don't know that you know

923
00:42:49,920 --> 00:42:53,440
Speaker 6: in the moment that it would be so obvious to

924
00:42:53,480 --> 00:42:56,600
Speaker 6: the officer that this is illegal. I mean, these these

925
00:42:56,600 --> 00:42:59,800
Speaker 6: individuals who were in the water were not POW's and

926
00:43:00,040 --> 00:43:02,360
Speaker 6: I view, they were not subject to the genemic convention.

927
00:43:02,480 --> 00:43:04,920
Speaker 6: They were not in our custody. You know, this was

928
00:43:04,960 --> 00:43:07,120
Speaker 6: still kind of an active or what they may now

929
00:43:07,160 --> 00:43:11,000
Speaker 6: call a kinetic operation. So there is going to be

930
00:43:11,080 --> 00:43:14,239
Speaker 6: some inquiry into that about who gave the order. There's

931
00:43:14,239 --> 00:43:17,160
Speaker 6: been conflicting reports. Some say it was heg Seth, the

932
00:43:17,280 --> 00:43:20,480
Speaker 6: others say it's this admiral. There were some indication, but

933
00:43:20,719 --> 00:43:22,720
Speaker 6: did it come from the president? All of that seems

934
00:43:22,760 --> 00:43:24,839
Speaker 6: kind of unlikely that he would have been engaged in this.

935
00:43:24,880 --> 00:43:26,880
Speaker 5: Kind of a granular level.

936
00:43:26,920 --> 00:43:30,400
Speaker 6: But yes, that is the one part of these operations

937
00:43:30,400 --> 00:43:31,919
Speaker 6: where I think there is going to be some look.

938
00:43:32,280 --> 00:43:34,960
Speaker 6: But I also, you know, the flip side of this is,

939
00:43:35,200 --> 00:43:37,560
Speaker 6: I mean from a political standpoint, and if this plays

940
00:43:37,560 --> 00:43:40,239
Speaker 6: out in the congressional hearing, it will become a political matter.

941
00:43:40,320 --> 00:43:43,360
Speaker 6: It's already become a political matter. I don't want to

942
00:43:43,400 --> 00:43:46,760
Speaker 6: sound colder callous, but perhaps I am being colder callous

943
00:43:46,760 --> 00:43:50,520
Speaker 6: in this is the countless lives that we have lost

944
00:43:50,560 --> 00:43:53,680
Speaker 6: in this country to fetanyl and to drug addiction and

945
00:43:53,719 --> 00:43:56,440
Speaker 6: to other things that these folks have profited on. And indeed,

946
00:43:56,640 --> 00:44:00,319
Speaker 6: these folks were running drugs back and forth here. My

947
00:44:00,440 --> 00:44:02,759
Speaker 6: gut is that the American people just aren't going to

948
00:44:02,840 --> 00:44:05,200
Speaker 6: care about these two guys really running drugs.

949
00:44:06,080 --> 00:44:08,400
Speaker 2: But that's really the crux of this, right Steve is like,

950
00:44:08,520 --> 00:44:10,520
Speaker 2: I'm with you on that one. If you're bringing drugs

951
00:44:10,560 --> 00:44:12,680
Speaker 2: and narcotics in this country, you deserve to get what's

952
00:44:12,680 --> 00:44:15,520
Speaker 2: coming into a long time coming. But how are we

953
00:44:15,600 --> 00:44:19,080
Speaker 2: sure that these are actually drug runners? That's the big question.

954
00:44:19,160 --> 00:44:22,360
Speaker 2: And in any military operation, what kind of oversight is

955
00:44:22,360 --> 00:44:24,600
Speaker 2: there to make sure that these are actually who they

956
00:44:24,600 --> 00:44:25,080
Speaker 2: say they are?

957
00:44:26,680 --> 00:44:28,520
Speaker 6: Well, and again that that's where a lot of the

958
00:44:28,560 --> 00:44:32,480
Speaker 6: court martials end up falling apart in this area, because

959
00:44:32,600 --> 00:44:34,600
Speaker 6: I mean, I mean, this is no different in my mind.

960
00:44:34,960 --> 00:44:37,040
Speaker 6: For I mean, if you accept, I guess the idea

961
00:44:37,080 --> 00:44:40,759
Speaker 6: that we were lawfully engaged with a and you know,

962
00:44:40,800 --> 00:44:43,560
Speaker 6: in a in a in an armed conflict with these folks,

963
00:44:43,600 --> 00:44:47,160
Speaker 6: which I think is the first big threshold question. You know,

964
00:44:47,200 --> 00:44:48,960
Speaker 6: these are the kinds of questions that came up all

965
00:44:49,000 --> 00:44:51,000
Speaker 6: the time in Iraq court martials, which is, you know,

966
00:44:51,239 --> 00:44:53,200
Speaker 6: was that person was the person who was shot?

967
00:44:53,920 --> 00:44:54,840
Speaker 5: Really? Uh?

968
00:44:54,960 --> 00:44:58,120
Speaker 6: You know, really a terrorist really attacking troops? You know,

969
00:44:58,120 --> 00:44:59,960
Speaker 6: were they really planning a roadside bomb?

970
00:45:00,640 --> 00:45:00,839
Speaker 1: Uh?

971
00:45:00,880 --> 00:45:02,839
Speaker 5: You know, these kinds of things really do.

972
00:45:03,000 --> 00:45:05,960
Speaker 6: Hinge upon the intelligence and then a court martial setting

973
00:45:06,000 --> 00:45:07,919
Speaker 6: if we're going if it does go that way, which

974
00:45:07,920 --> 00:45:10,319
Speaker 6: it thinks unlikely, but if it does, you know, you

975
00:45:10,440 --> 00:45:12,880
Speaker 6: really do have a jury of your peers and a

976
00:45:12,880 --> 00:45:15,880
Speaker 6: court marcial. And I've tried a few court martials, I've

977
00:45:15,920 --> 00:45:17,480
Speaker 6: seen the down of Fort Bragg. I mean, they you

978
00:45:17,960 --> 00:45:21,239
Speaker 6: tend to you end up with a panel I call

979
00:45:21,280 --> 00:45:24,560
Speaker 6: a jury there of soldiers or sailors who are.

980
00:45:24,520 --> 00:45:26,640
Speaker 5: Your rank or higher. Uh.

981
00:45:26,719 --> 00:45:29,080
Speaker 6: And and these are folks that tend to give you

982
00:45:29,160 --> 00:45:32,160
Speaker 6: the benefit of the doubt on situations like this, particularly

983
00:45:32,239 --> 00:45:34,840
Speaker 6: if you were relying on intelligence. So it really is

984
00:45:34,880 --> 00:45:36,840
Speaker 6: going to boil down to a question of intelligence and

985
00:45:36,880 --> 00:45:39,600
Speaker 6: who you want when. And look, if they're just out

986
00:45:39,600 --> 00:45:42,279
Speaker 6: there randomly blowing boats up, I mean, I agree that's bad.

987
00:45:42,480 --> 00:45:44,560
Speaker 6: And I agree that people look to the United States

988
00:45:44,560 --> 00:45:46,680
Speaker 6: to have a higher standard, and we probably you know,

989
00:45:46,719 --> 00:45:50,520
Speaker 6: and we should. But if there was credible intel there

990
00:45:50,719 --> 00:45:53,239
Speaker 6: and uh and and this this whole you know, the

991
00:45:53,280 --> 00:45:56,240
Speaker 6: public buys into and the Senate buys into the idea

992
00:45:56,280 --> 00:45:59,920
Speaker 6: that we really are rightfully in conflict with these countries

993
00:46:00,040 --> 00:46:04,359
Speaker 6: that are whose governments allow and encourage and sometimes you've

994
00:46:04,520 --> 00:46:08,080
Speaker 6: promit from these drugs coming in. Then it's ultimately going

995
00:46:08,160 --> 00:46:10,279
Speaker 6: to turn on a political question, and all these things

996
00:46:10,280 --> 00:46:13,960
Speaker 6: about the Uniform Code to Military Justice and the Genevan Convention,

997
00:46:14,040 --> 00:46:15,680
Speaker 6: a lot of that's going to fall by the wayside

998
00:46:15,680 --> 00:46:16,240
Speaker 6: of my opinion.

999
00:46:16,400 --> 00:46:18,200
Speaker 2: Yeah, I think it's going to be a difficult legal

1000
00:46:18,280 --> 00:46:21,160
Speaker 2: arm because you go, well, the reason why we're this

1001
00:46:21,239 --> 00:46:24,080
Speaker 2: is an act of war, right, because we've now taken

1002
00:46:24,160 --> 00:46:27,919
Speaker 2: Narco terrorists and projected them as essentially a standing army

1003
00:46:28,000 --> 00:46:30,760
Speaker 2: or war crimes, and so therefore we have military justification

1004
00:46:30,800 --> 00:46:33,760
Speaker 2: of attack. But if this is the report is true

1005
00:46:33,800 --> 00:46:38,080
Speaker 2: that you killed people who were essentially survivors of a

1006
00:46:38,120 --> 00:46:40,959
Speaker 2: shipwrecker in this case, an attack, and you killed them,

1007
00:46:41,360 --> 00:46:44,640
Speaker 2: the defense can't then be well, you know, the rules

1008
00:46:44,680 --> 00:46:46,960
Speaker 2: of war don't apply in this case. Because you essentially

1009
00:46:47,000 --> 00:46:49,960
Speaker 2: said they did earlier. That's a tough argument. The other

1010
00:46:50,000 --> 00:46:52,399
Speaker 2: element here too, and this is the political element. Steve

1011
00:46:52,440 --> 00:46:55,120
Speaker 2: goodin the Senate voted forty nine to fifty one against

1012
00:46:55,120 --> 00:46:58,120
Speaker 2: blocking unilateral authority for the president for these strikes. So

1013
00:46:58,680 --> 00:47:02,840
Speaker 2: the Congress's value to certain war powers contribute to this.

1014
00:47:04,320 --> 00:47:05,880
Speaker 5: Well, you know that's been going on forever.

1015
00:47:05,960 --> 00:47:07,800
Speaker 6: I mean, yeah, you know, the War Powers Act in

1016
00:47:07,880 --> 00:47:10,600
Speaker 6: nineteen seventy three was meant to sort of him in Nixon,

1017
00:47:10,760 --> 00:47:14,440
Speaker 6: you know, after the Cambodian bombings, and and really you know,

1018
00:47:14,520 --> 00:47:18,200
Speaker 6: it's on the books, but Congress has really never enforced it.

1019
00:47:18,239 --> 00:47:21,840
Speaker 6: And just the hard reality is, you know, we have

1020
00:47:21,880 --> 00:47:24,120
Speaker 6: a really declared war since World War Two, but yet

1021
00:47:24,160 --> 00:47:26,200
Speaker 6: we've been in Korea, we've been in Vietnam, we've been

1022
00:47:26,200 --> 00:47:28,680
Speaker 6: in Afghanistan, we're in Iraq, and you know, tens of

1023
00:47:28,719 --> 00:47:31,319
Speaker 6: thousands of casualties and you know, we you know, we've

1024
00:47:31,360 --> 00:47:34,440
Speaker 6: cost hundreds of thousands of casualties on the other side,

1025
00:47:34,480 --> 00:47:36,399
Speaker 6: you know, all without a declaration of war.

1026
00:47:37,800 --> 00:47:40,080
Speaker 5: But you know the reality is that.

1027
00:47:40,280 --> 00:47:43,759
Speaker 6: In today's world and its tied together as the whole

1028
00:47:43,760 --> 00:47:47,360
Speaker 6: world is, we have to have you know, our executive

1029
00:47:47,360 --> 00:47:50,040
Speaker 6: branch in our military has to have some autonomy to

1030
00:47:50,120 --> 00:47:55,280
Speaker 6: make these smaller, you know, these not through war it acts,

1031
00:47:55,320 --> 00:47:58,560
Speaker 6: but to engage in these kinds of operations or else

1032
00:47:58,600 --> 00:47:58,960
Speaker 6: we're going.

1033
00:47:58,960 --> 00:47:59,200
Speaker 5: To be.

1034
00:48:01,000 --> 00:48:03,719
Speaker 6: Sometimes they work out horribly and sometimes you know, they

1035
00:48:03,760 --> 00:48:06,560
Speaker 6: get ahead of the public and the public ultimately pushes back,

1036
00:48:06,600 --> 00:48:08,799
Speaker 6: which is what Frank ultimately occurred.

1037
00:48:08,480 --> 00:48:11,200
Speaker 5: In Vietnam and Iraq and other places.

1038
00:48:11,280 --> 00:48:15,279
Speaker 6: But you have to you know, these things ultimately do

1039
00:48:15,400 --> 00:48:16,640
Speaker 6: become political in a way.

1040
00:48:16,800 --> 00:48:19,239
Speaker 5: But in the in the short term, you know, you're right.

1041
00:48:19,320 --> 00:48:21,919
Speaker 6: I mean, the Senate is never really, not even since

1042
00:48:22,000 --> 00:48:25,399
Speaker 6: seventy three, really raining the president in a big way

1043
00:48:25,400 --> 00:48:25,839
Speaker 6: on these things.

1044
00:48:25,960 --> 00:48:26,560
Speaker 5: Is they're afraid to.

1045
00:48:26,840 --> 00:48:30,760
Speaker 2: Yeah, and we see presidencies. Was Biden and trumpet extension

1046
00:48:30,800 --> 00:48:34,200
Speaker 2: of that, an acceleration of that, and it's everything's done

1047
00:48:34,200 --> 00:48:37,279
Speaker 2: by executive order. Congresson do anything. You can't even get

1048
00:48:37,280 --> 00:48:40,200
Speaker 2: a budget together for crying out loud. And finally here too.

1049
00:48:40,200 --> 00:48:42,000
Speaker 2: You know, for those who think it's a Trump it's

1050
00:48:42,080 --> 00:48:44,640
Speaker 2: like this is as old as the president's up. I mean,

1051
00:48:44,920 --> 00:48:47,880
Speaker 2: if you think of you know, Clinton and Aristete and Haiti,

1052
00:48:48,160 --> 00:48:50,719
Speaker 2: you had Noriega and Panama, you had Bush, you had

1053
00:48:50,719 --> 00:48:54,640
Speaker 2: Obama with strikes. All these constitutional questions and war powers

1054
00:48:54,640 --> 00:48:57,719
Speaker 2: came in. This is just the latest incarnation of that

1055
00:48:57,840 --> 00:49:00,279
Speaker 2: under President Trump'll see how it plays out. Steve Good,

1056
00:49:00,600 --> 00:49:02,879
Speaker 2: attorney at law, former judge edicat General in the United

1057
00:49:02,880 --> 00:49:06,760
Speaker 2: States Army. Thanks again, Budd, appreciate the inside good stuff anytime.

1058
00:49:07,200 --> 00:49:07,319
Speaker 5: Star.

1059
00:49:07,600 --> 00:49:09,600
Speaker 2: Well, let's get a news update in and more to

1060
00:49:09,600 --> 00:49:11,200
Speaker 2: follow here. Get you caught up on the roads and

1061
00:49:11,239 --> 00:49:13,640
Speaker 2: roach are looking really good right now. Snow is about

1062
00:49:13,719 --> 00:49:15,600
Speaker 2: out of here too. One's the next round coming. We'll

1063
00:49:15,719 --> 00:49:22,279
Speaker 2: let you know next On seven hundred WW. Worlds look

1064
00:49:22,360 --> 00:49:24,680
Speaker 2: good as good as they can be at this point too,

1065
00:49:24,680 --> 00:49:27,880
Speaker 2: but getting better by the second and onward upward. Let's know,

1066
00:49:27,960 --> 00:49:29,879
Speaker 2: you should just get past the melting point this time

1067
00:49:29,920 --> 00:49:32,759
Speaker 2: tomorrow and just kind of a chance, you know, some

1068
00:49:32,800 --> 00:49:35,759
Speaker 2: flurries here and there for the duration anyway, so the

1069
00:49:35,800 --> 00:49:38,520
Speaker 2: worst is definitely behind us here slowly on seven hundred WW.

1070
00:49:38,600 --> 00:49:40,680
Speaker 2: Thanks for checking out the show on air. Online it's

1071
00:49:40,719 --> 00:49:43,680
Speaker 2: seven hundred WW dot com and of course you can

1072
00:49:43,760 --> 00:49:46,680
Speaker 2: take us wherever you go with the free iHeartRadio app.

1073
00:49:46,680 --> 00:49:49,160
Speaker 2: We portable that way and catch the podcast over the show.

1074
00:49:49,320 --> 00:49:51,400
Speaker 2: We Got You, We Got You. I was talking a

1075
00:49:51,440 --> 00:49:55,080
Speaker 2: little bit about this yesterday and I've now seen in

1076
00:49:55,120 --> 00:49:56,919
Speaker 2: the interim and maybe just because I was just talking

1077
00:49:56,920 --> 00:50:00,920
Speaker 2: about now two different stories that talked about out the

1078
00:50:00,960 --> 00:50:04,680
Speaker 2: insolvency of Social Security just kind of to recap and

1079
00:50:04,719 --> 00:50:07,640
Speaker 2: my thoughts on this is we've known this was coming

1080
00:50:07,680 --> 00:50:11,840
Speaker 2: for forty years, but for the first time candidates for

1081
00:50:12,000 --> 00:50:14,800
Speaker 2: Senate in next year's midterms, because that's all I tell you,

1082
00:50:14,880 --> 00:50:17,960
Speaker 2: the midterms, a midterm. I know, I wouldn't say the

1083
00:50:18,000 --> 00:50:22,000
Speaker 2: least political person here at the station, but because it

1084
00:50:22,000 --> 00:50:24,680
Speaker 2: does impact us, for sure, it's important, but it's not

1085
00:50:24,760 --> 00:50:28,200
Speaker 2: the center of my life. I'm oyl Leary to people

1086
00:50:28,200 --> 00:50:31,200
Speaker 2: who everything is that's about, like following this primary or

1087
00:50:31,200 --> 00:50:33,800
Speaker 2: that's primary. It's a selection in Tennessee today for example,

1088
00:50:33,840 --> 00:50:37,240
Speaker 2: Like Okay, well it's interesting, but not like the country

1089
00:50:37,239 --> 00:50:38,160
Speaker 2: hangs the balance here.

1090
00:50:38,200 --> 00:50:39,560
Speaker 3: You might think it does, but it doesn't.

1091
00:50:40,000 --> 00:50:43,560
Speaker 2: Candidates in next year's midterms, though, are going to have

1092
00:50:43,560 --> 00:50:45,799
Speaker 2: to address the issue of insolvency when it comes to

1093
00:50:45,840 --> 00:50:48,839
Speaker 2: Social Security so eleven months from because this is going

1094
00:50:48,880 --> 00:50:52,000
Speaker 2: to come due on their watch, essentially proving again there's

1095
00:50:52,000 --> 00:50:55,160
Speaker 2: no free launch, right. So the Social Security and Retirement

1096
00:50:55,200 --> 00:50:57,959
Speaker 2: Fund as we know it'll be depleted in twenty thirty three,

1097
00:50:58,800 --> 00:51:01,279
Speaker 2: and if that indeed happened, and again that's a big

1098
00:51:01,320 --> 00:51:03,480
Speaker 2: if to because Congress can just take more money from

1099
00:51:03,480 --> 00:51:05,880
Speaker 2: somewhere else and patch it. But that's still a lot

1100
00:51:05,920 --> 00:51:09,880
Speaker 2: of money. It's a what one percent, roughly one percent

1101
00:51:09,920 --> 00:51:13,400
Speaker 2: of our GDP, so you know, it seems like a

1102
00:51:13,400 --> 00:51:15,000
Speaker 2: lot of money. But they could find a way to

1103
00:51:15,000 --> 00:51:16,960
Speaker 2: fix at least quite a band aid. And they've done

1104
00:51:16,960 --> 00:51:19,520
Speaker 2: this with the budget, you know, continuing resolutions. That's all

1105
00:51:19,560 --> 00:51:22,080
Speaker 2: it is, is kicking the can down the road. But again,

1106
00:51:22,120 --> 00:51:23,839
Speaker 2: it just adds more and more to that debt bomb,

1107
00:51:23,840 --> 00:51:26,080
Speaker 2: which is a much bigger issue that's on the horizon,

1108
00:51:26,120 --> 00:51:29,600
Speaker 2: and this will just accelerate that process. When we can

1109
00:51:29,600 --> 00:51:31,279
Speaker 2: no longer service the debt on our loans and then

1110
00:51:31,280 --> 00:51:33,520
Speaker 2: we're in real trouble. That's pretty much turn the lights

1111
00:51:33,520 --> 00:51:37,359
Speaker 2: out if that indeed happens. Well to the Social Security though,

1112
00:51:37,920 --> 00:51:39,920
Speaker 2: as we all get older and get closer to it,

1113
00:51:40,040 --> 00:51:42,719
Speaker 2: we don't want people touching our benefits because we quote

1114
00:51:42,760 --> 00:51:46,160
Speaker 2: unquote earned it. This is my money, it's not your money,

1115
00:51:46,200 --> 00:51:49,440
Speaker 2: it's not my money. What happened was they spent your

1116
00:51:49,440 --> 00:51:52,640
Speaker 2: money out of the other things. They put a patch

1117
00:51:52,680 --> 00:51:54,920
Speaker 2: in forty years ago to deal with this issue, and

1118
00:51:54,920 --> 00:51:56,480
Speaker 2: that was, you know, throwing some more money in the

1119
00:51:56,480 --> 00:51:58,320
Speaker 2: trust fund, but that's going to be depleted again in

1120
00:51:58,360 --> 00:52:02,680
Speaker 2: twenty thirty three. The reality is the average beneficiary is

1121
00:52:02,680 --> 00:52:04,600
Speaker 2: about two thousand dollars a month. You'll see that down

1122
00:52:04,640 --> 00:52:08,120
Speaker 2: to about fifteen hundred dollars a month if indeed this

1123
00:52:08,520 --> 00:52:12,839
Speaker 2: goes on. Because we have the Baby Boom generation, which

1124
00:52:12,880 --> 00:52:15,799
Speaker 2: is at peak retirement. Youngest are now well almost they

1125
00:52:15,800 --> 00:52:17,759
Speaker 2: were at though sixty one, oldest is seven almost eighty

1126
00:52:17,800 --> 00:52:21,480
Speaker 2: years old, and we're not reproducing the population at the

1127
00:52:21,480 --> 00:52:24,320
Speaker 2: same right, so we have fewer workers to support more people.

1128
00:52:24,360 --> 00:52:26,480
Speaker 2: That model, and I saw that in my lifetime, which

1129
00:52:26,520 --> 00:52:28,360
Speaker 2: is why I'm a big proponent about on. But to

1130
00:52:28,360 --> 00:52:31,200
Speaker 2: say relative to private investment, as I saw my dad

1131
00:52:31,200 --> 00:52:33,400
Speaker 2: go through this. My dad was worked in steel mills,

1132
00:52:34,640 --> 00:52:37,719
Speaker 2: and your kid, you kind of know what's going to

1133
00:52:37,719 --> 00:52:40,480
Speaker 2: but you really don't know what's going on. When he

1134
00:52:40,560 --> 00:52:45,359
Speaker 2: was in his forties, maybe late thirties, early forties, the

1135
00:52:45,360 --> 00:52:47,719
Speaker 2: pension and steel completely went away. He was left little

1136
00:52:47,800 --> 00:52:49,520
Speaker 2: with pennies on the dollar left hold in the bag.

1137
00:52:49,560 --> 00:52:51,520
Speaker 2: And this is before they kicked in, Hey, listen, we're

1138
00:52:51,520 --> 00:52:53,600
Speaker 2: going to have to have insurance on pensions that didn't

1139
00:52:53,640 --> 00:52:56,000
Speaker 2: exist in his era. He watched his dad and his

1140
00:52:56,040 --> 00:52:58,600
Speaker 2: grandfather work for thirty years and get a gold watch.

1141
00:52:58,680 --> 00:53:00,719
Speaker 2: He was expecting the same, and they change the rules

1142
00:53:00,760 --> 00:53:02,759
Speaker 2: on them and a whole generation of people. I saw

1143
00:53:02,800 --> 00:53:04,680
Speaker 2: that and what it did to him could never really

1144
00:53:04,719 --> 00:53:09,319
Speaker 2: recover and it made me steadfastly and that before when

1145
00:53:09,320 --> 00:53:10,880
Speaker 2: it come to find this, going wow, you've got to

1146
00:53:10,880 --> 00:53:15,000
Speaker 2: really take care of yourself. You've got to make sure

1147
00:53:15,040 --> 00:53:17,200
Speaker 2: you set some money aside as difficult as it might be,

1148
00:53:17,239 --> 00:53:18,960
Speaker 2: you're gonna have to make some tough, tough choices in

1149
00:53:19,040 --> 00:53:21,560
Speaker 2: order to save a little bit of money at some point,

1150
00:53:21,600 --> 00:53:23,440
Speaker 2: because it's going to be totally dependent on that they

1151
00:53:23,480 --> 00:53:26,879
Speaker 2: can't take away from you. And so now we look

1152
00:53:26,920 --> 00:53:29,520
Speaker 2: ahead to this twenty twenty three or twenty thirty three,

1153
00:53:29,640 --> 00:53:32,799
Speaker 2: rather three hundred and fifty billion dollars shortfall in this thing.

1154
00:53:33,000 --> 00:53:38,200
Speaker 2: And now it's just that accelerated because also as part

1155
00:53:38,239 --> 00:53:42,640
Speaker 2: of the One Beautiful Bill, one big Beautiful Bill, we

1156
00:53:42,680 --> 00:53:45,400
Speaker 2: know that seniors got a break when it came to pensions,

1157
00:53:45,440 --> 00:53:50,120
Speaker 2: jobs and taxes on what they pay. That helped accelerate

1158
00:53:50,160 --> 00:53:53,080
Speaker 2: it by I think another year and a half. So

1159
00:53:53,120 --> 00:53:55,800
Speaker 2: when it reduced income rates paid by seniors, that decrease

1160
00:53:55,840 --> 00:53:58,319
Speaker 2: the revenue flow into the trust fund, and insolvency got

1161
00:53:58,320 --> 00:54:00,799
Speaker 2: moved up to now twenty thirty three, so it got

1162
00:54:00,840 --> 00:54:03,719
Speaker 2: a little bit worse in that regard as well. And

1163
00:54:03,760 --> 00:54:06,200
Speaker 2: I've always said, I think the future test of patriots

1164
00:54:06,239 --> 00:54:09,319
Speaker 2: and it may be me it maybe you, is not

1165
00:54:09,440 --> 00:54:13,319
Speaker 2: going to be you know, studying the constitution and rallying

1166
00:54:13,360 --> 00:54:16,040
Speaker 2: around amendments, first amendments, second Amendment, whatever it might be.

1167
00:54:16,080 --> 00:54:17,680
Speaker 2: It's going to be, hey, we're going to have to

1168
00:54:17,719 --> 00:54:20,320
Speaker 2: get less benefits and pay more money in order to

1169
00:54:20,400 --> 00:54:21,840
Speaker 2: right size this thing. And it looks like that that

1170
00:54:21,960 --> 00:54:24,240
Speaker 2: is coming to fruition here in the next eleven years

1171
00:54:24,239 --> 00:54:27,480
Speaker 2: for sure. But all along and the way to fix

1172
00:54:27,480 --> 00:54:30,480
Speaker 2: the thing in this guy, of course destroyed by progressives

1173
00:54:31,120 --> 00:54:33,520
Speaker 2: because you want a safety blanket there. The government's job

1174
00:54:33,560 --> 00:54:35,600
Speaker 2: is to protect you. But what do they actually do.

1175
00:54:35,640 --> 00:54:39,560
Speaker 2: They don't really do they good job in countries like Chile,

1176
00:54:39,680 --> 00:54:42,680
Speaker 2: I know, Mexico, Australia, I was just there. Britain does

1177
00:54:42,680 --> 00:54:45,920
Speaker 2: this and they've made a transition from social security to

1178
00:54:46,440 --> 00:54:50,080
Speaker 2: individual retirement compliants, and it seems to be working there.

1179
00:54:51,040 --> 00:54:53,920
Speaker 2: The way to do this is just to let people

1180
00:54:53,960 --> 00:54:56,800
Speaker 2: keep their own money. I get what happened when FDR

1181
00:54:56,840 --> 00:54:59,360
Speaker 2: initiated social security back in the day because of the

1182
00:54:59,360 --> 00:55:02,560
Speaker 2: Great Depression. But the thing we live our lives to

1183
00:55:02,600 --> 00:55:04,920
Speaker 2: say what we did in the nineteen thirties and nineteen twenties,

1184
00:55:05,000 --> 00:55:08,319
Speaker 2: nineteen thirties, and the whole depression was accelerated by the

1185
00:55:08,320 --> 00:55:11,360
Speaker 2: way we you know, piece of people. Basically it was

1186
00:55:11,719 --> 00:55:15,640
Speaker 2: had right. People were buying on we're buying stock with

1187
00:55:15,760 --> 00:55:18,759
Speaker 2: the expectation I'll go up forever. But they were doing

1188
00:55:18,760 --> 00:55:21,000
Speaker 2: it on credit, and when they called the credit, no

1189
00:55:21,040 --> 00:55:23,560
Speaker 2: one had it. Everyone was underwater, kind of like what

1190
00:55:23,640 --> 00:55:25,319
Speaker 2: happened with the housing market in two thousand and eight.

1191
00:55:25,360 --> 00:55:28,000
Speaker 2: To a large degree. Today though we know at least

1192
00:55:28,000 --> 00:55:30,560
Speaker 2: we think we know a lot better than that. And

1193
00:55:30,600 --> 00:55:32,239
Speaker 2: the thing is everyone wants to guarantee It's like social

1194
00:55:32,239 --> 00:55:33,960
Speaker 2: security is guaranteed. Well, what if the markets go down.

1195
00:55:34,200 --> 00:55:36,839
Speaker 2: The markets may go down, but they do go back up.

1196
00:55:38,440 --> 00:55:40,120
Speaker 2: You may lose in the short term, but the long

1197
00:55:40,200 --> 00:55:42,239
Speaker 2: term you'll gain. It's always been that case because we're

1198
00:55:42,239 --> 00:55:45,600
Speaker 2: investing in future development and building and companies, et cetera,

1199
00:55:45,640 --> 00:55:48,280
Speaker 2: et cetera. That's part of how this whole thing works.

1200
00:55:48,320 --> 00:55:50,120
Speaker 2: And I understand there's so many people in this country

1201
00:55:50,160 --> 00:55:52,640
Speaker 2: that are risk averse that no, no, I want my

1202
00:55:52,680 --> 00:55:53,399
Speaker 2: guaranteed money.

1203
00:55:53,440 --> 00:55:53,799
Speaker 3: We just don't.

1204
00:55:53,800 --> 00:55:56,279
Speaker 2: We don't do pensions anymore, and those are largely going

1205
00:55:56,320 --> 00:55:59,920
Speaker 2: away for that reason, seems to me. And you know,

1206
00:56:00,080 --> 00:56:03,000
Speaker 2: when you look at the private accounts, the rate return

1207
00:56:03,080 --> 00:56:07,080
Speaker 2: on it is much higher than Social Security. You know,

1208
00:56:07,200 --> 00:56:09,520
Speaker 2: and if people start opting out I mentioned younger people

1209
00:56:09,520 --> 00:56:12,600
Speaker 2: would that would be the death of Social Security for sure,

1210
00:56:13,840 --> 00:56:15,680
Speaker 2: because you know, you pay to administer the tax and

1211
00:56:15,719 --> 00:56:18,160
Speaker 2: bureaucracy and the Social Security administration and all that, when

1212
00:56:18,280 --> 00:56:20,759
Speaker 2: you could just invest in, pay a fund manager and

1213
00:56:20,800 --> 00:56:23,000
Speaker 2: get money back on it and still be ahead of

1214
00:56:23,000 --> 00:56:26,480
Speaker 2: the game. You're talking what twelve I think twelve point

1215
00:56:26,560 --> 00:56:29,880
Speaker 2: four percent taxes what we pay for Social Security. And

1216
00:56:30,040 --> 00:56:31,399
Speaker 2: you know, if you're paying into this and been paying

1217
00:56:31,520 --> 00:56:33,400
Speaker 2: enter did it for a long time, and there's a

1218
00:56:33,480 --> 00:56:36,840
Speaker 2: threat you may not get that money back. That's a

1219
00:56:36,840 --> 00:56:40,239
Speaker 2: different thing entirely. And the old adage about well I

1220
00:56:40,320 --> 00:56:42,480
Speaker 2: paid into if that's my money, No, they've they've done

1221
00:56:42,480 --> 00:56:45,319
Speaker 2: other things. It's not sustaining itself anymore because we're paying

1222
00:56:45,320 --> 00:56:47,520
Speaker 2: out so many benefits to people are retired right now

1223
00:56:47,760 --> 00:56:50,680
Speaker 2: that the future generations are retirees are in jeopardy. Now again,

1224
00:56:50,960 --> 00:56:52,359
Speaker 2: do I think this is going to happen? And most

1225
00:56:52,360 --> 00:56:54,239
Speaker 2: experts will tell you no, they're going to fix this thing,

1226
00:56:54,239 --> 00:56:56,520
Speaker 2: They're going to patch it. But again it's with more

1227
00:56:56,560 --> 00:56:58,839
Speaker 2: bowered money as opposed to actually fixing the root cause

1228
00:56:58,840 --> 00:57:01,080
Speaker 2: of this thing. If you just get away with Social

1229
00:57:01,080 --> 00:57:05,080
Speaker 2: Security and we're left to your own devices to invest,

1230
00:57:05,360 --> 00:57:07,560
Speaker 2: how many people would And I think that's the scary part.

1231
00:57:07,640 --> 00:57:10,880
Speaker 2: You know, we know that Americans were really bad at investing.

1232
00:57:11,960 --> 00:57:14,799
Speaker 2: Now there are many people will tell you, well, it's

1233
00:57:14,800 --> 00:57:18,200
Speaker 2: because you you know, buy avocado toast and get tattoos.

1234
00:57:19,160 --> 00:57:23,360
Speaker 2: That's not necessarily true. Certainly, today's generation is faced with

1235
00:57:23,440 --> 00:57:25,760
Speaker 2: an earnings crisis. We haven't had to face that. My

1236
00:57:25,880 --> 00:57:28,920
Speaker 2: generation has seen it to some degree. But you know,

1237
00:57:29,000 --> 00:57:32,200
Speaker 2: younger generations are really getting squeezed. Gen Zers for example,

1238
00:57:33,040 --> 00:57:37,400
Speaker 2: you know, aren't buying Christmas and spending money Christmas as

1239
00:57:37,400 --> 00:57:39,720
Speaker 2: they have generations past, because it's so tight on money,

1240
00:57:39,760 --> 00:57:42,480
Speaker 2: with student loans and the cost of everything, inflation going

1241
00:57:42,520 --> 00:57:44,480
Speaker 2: up as they're just they're out of that line of

1242
00:57:44,480 --> 00:57:47,240
Speaker 2: work buying houses and all that stuff. So we're depending

1243
00:57:47,240 --> 00:57:49,600
Speaker 2: on them to buy stuff and work in order to

1244
00:57:49,600 --> 00:57:51,720
Speaker 2: fund our lifestyle and that's just simply not happening at

1245
00:57:51,720 --> 00:57:54,360
Speaker 2: this point. So I feel for younger generations for sure,

1246
00:57:54,400 --> 00:57:58,520
Speaker 2: because it's not lifestyle chases the choices they're making that

1247
00:57:58,560 --> 00:58:02,000
Speaker 2: are causing them to out largely be poor. But it's

1248
00:58:02,000 --> 00:58:04,080
Speaker 2: because of economic forces, for sure, and something we got

1249
00:58:04,120 --> 00:58:06,600
Speaker 2: to figure out in this country. If we don't, it's

1250
00:58:06,640 --> 00:58:08,960
Speaker 2: at our own peril because if you're older, you to

1251
00:58:09,040 --> 00:58:10,560
Speaker 2: bet on younger people to keep you afloat.

1252
00:58:10,840 --> 00:58:12,320
Speaker 3: That's how the system works.

1253
00:58:12,320 --> 00:58:14,880
Speaker 2: Called a Ponzi scheme if you will, but that's how

1254
00:58:14,880 --> 00:58:18,040
Speaker 2: the system goes. It seems to me like I would

1255
00:58:18,040 --> 00:58:20,080
Speaker 2: think that if we did this, younger people would not

1256
00:58:20,160 --> 00:58:24,080
Speaker 2: save money at all for retirement. But maybe at some

1257
00:58:24,120 --> 00:58:25,960
Speaker 2: point you do make money, get money back, and you

1258
00:58:26,040 --> 00:58:26,840
Speaker 2: do something with that.

1259
00:58:26,880 --> 00:58:27,320
Speaker 3: It's on you.

1260
00:58:27,360 --> 00:58:29,400
Speaker 2: And then what happens when you have all these people

1261
00:58:29,400 --> 00:58:33,000
Speaker 2: who aren't participating in the system with then Now we

1262
00:58:33,040 --> 00:58:35,160
Speaker 2: do have course plenty of good charities out there. I

1263
00:58:35,200 --> 00:58:37,720
Speaker 2: think people would be more charitable, and we have churches

1264
00:58:37,760 --> 00:58:39,720
Speaker 2: and other institutions out there in a safety net to

1265
00:58:39,760 --> 00:58:41,560
Speaker 2: some degree, but it's not run by the government.

1266
00:58:41,600 --> 00:58:43,120
Speaker 3: I think that's what bothers a lot of people.

1267
00:58:43,720 --> 00:58:46,840
Speaker 2: It just seems like, you know, I'm pretty much leave

1268
00:58:46,880 --> 00:58:49,240
Speaker 2: government out of my life kind of guy. If I'm

1269
00:58:49,280 --> 00:58:52,160
Speaker 2: an old school conservative maybe, but more libertarian going well,

1270
00:58:52,360 --> 00:58:53,800
Speaker 2: you know, again, there's a lot of things you got

1271
00:58:53,800 --> 00:58:56,360
Speaker 2: to do as an adult to prepare yourself for the future,

1272
00:58:56,400 --> 00:58:59,000
Speaker 2: whether it's health or education.

1273
00:58:58,720 --> 00:58:59,400
Speaker 3: Whatever it might be.

1274
00:59:00,040 --> 00:59:02,120
Speaker 2: You know, when you hit that period of adulthood, there's

1275
00:59:02,160 --> 00:59:03,600
Speaker 2: a lot of adult things you have to do. One

1276
00:59:03,600 --> 00:59:05,640
Speaker 2: of those is making sure you've got trying as best

1277
00:59:05,640 --> 00:59:07,640
Speaker 2: you can to set money ahead, not only for a

1278
00:59:07,720 --> 00:59:11,320
Speaker 2: rainy day, but for retirement. And I'm not you know,

1279
00:59:12,880 --> 00:59:15,120
Speaker 2: telling you you suck as a person because you're not

1280
00:59:15,200 --> 00:59:17,880
Speaker 2: doing that. As I said, I fully understand the economic

1281
00:59:17,920 --> 00:59:20,240
Speaker 2: realities out there, especially for younger people. It's difficult for

1282
00:59:20,280 --> 00:59:22,800
Speaker 2: you to save any money, let alone for retirement. It's

1283
00:59:22,800 --> 00:59:24,720
Speaker 2: such and you know, let's face it, in your twenties.

1284
00:59:24,720 --> 00:59:26,240
Speaker 2: I mean, I was the first I'm part of that

1285
00:59:26,880 --> 00:59:29,800
Speaker 2: Gen X or crowd that came along post pension, as

1286
00:59:29,800 --> 00:59:32,880
Speaker 2: I mentioned with my dad and first generation too, and

1287
00:59:32,920 --> 00:59:34,600
Speaker 2: we're starting to see those of us who are older

1288
00:59:34,600 --> 00:59:38,520
Speaker 2: gen xers start to retire. Now we're seeing them. We're

1289
00:59:38,560 --> 00:59:41,960
Speaker 2: seeing them retire solely based on four own case. I mean,

1290
00:59:42,000 --> 00:59:44,560
Speaker 2: pensions are some people get pensions, for sure, if that's

1291
00:59:44,560 --> 00:59:47,080
Speaker 2: you gay, good job, But largely it's in the public sector.

1292
00:59:47,280 --> 00:59:50,240
Speaker 2: Private sector's done away with that, and there's plenty. I

1293
00:59:50,280 --> 00:59:51,880
Speaker 2: don't know what the stats are because it's too early

1294
00:59:51,920 --> 00:59:54,680
Speaker 2: to tell how well we've saved as that generation's a

1295
00:59:54,800 --> 00:59:58,280
Speaker 2: cohort towards retirement ourselves, because we're the first generation to

1296
00:59:58,400 --> 01:00:04,040
Speaker 2: have to fund it on our own entirely. That said,

1297
01:00:04,280 --> 01:00:06,800
Speaker 2: I you know, it seemed all these years there's enough

1298
01:00:06,840 --> 01:00:08,680
Speaker 2: people in that group to look at it and get

1299
01:00:08,680 --> 01:00:11,320
Speaker 2: a good sample. I would think of how prepared you

1300
01:00:11,360 --> 01:00:14,720
Speaker 2: are to no longer work now Some people admittedly I'm

1301
01:00:14,680 --> 01:00:15,840
Speaker 2: going to wind up work on the rest of my

1302
01:00:15,880 --> 01:00:18,240
Speaker 2: life is what they will tell you. And you know,

1303
01:00:18,280 --> 01:00:20,400
Speaker 2: there's plenty of peple who enjoy their job, their career path,

1304
01:00:20,480 --> 01:00:23,400
Speaker 2: whatever their business, and want to work until they fall over.

1305
01:00:23,640 --> 01:00:25,200
Speaker 2: And good for you if that's what you want to do.

1306
01:00:26,360 --> 01:00:28,600
Speaker 2: But I think there's the majority of people just want

1307
01:00:28,640 --> 01:00:30,880
Speaker 2: to would love to stop working at some point and

1308
01:00:30,920 --> 01:00:32,480
Speaker 2: call quits the pull up stakes and said that said

1309
01:00:32,480 --> 01:00:34,560
Speaker 2: I'm tired of working. I want to relax now, or

1310
01:00:34,600 --> 01:00:36,920
Speaker 2: it just simply physically can't do it anymore. And for

1311
01:00:36,960 --> 01:00:38,600
Speaker 2: those people who do that and have to work, that's

1312
01:00:38,600 --> 01:00:41,640
Speaker 2: really sad. But we've known it for a long time.

1313
01:00:41,640 --> 01:00:43,760
Speaker 2: It's kind of companed upon you to say, for retirement,

1314
01:00:44,120 --> 01:00:47,080
Speaker 2: looking at social security is more of a benefit and go, hey,

1315
01:00:47,280 --> 01:00:49,040
Speaker 2: you know, if I get it, it's gravy on top

1316
01:00:49,080 --> 01:00:52,840
Speaker 2: of what I've already invested and saved. But so many

1317
01:00:52,880 --> 01:00:55,040
Speaker 2: people look at that as the primary source of social

1318
01:00:55,040 --> 01:00:57,720
Speaker 2: Security is retirement, and that's that was never designed for that.

1319
01:00:57,960 --> 01:01:00,840
Speaker 2: It was to make sure basically that the very the

1320
01:01:00,920 --> 01:01:03,800
Speaker 2: very basics of life. And this is even FDR said,

1321
01:01:03,840 --> 01:01:07,000
Speaker 2: this isn't about you know, you go on vacation and

1322
01:01:07,000 --> 01:01:09,720
Speaker 2: buying a new car every couple of years and you're

1323
01:01:09,760 --> 01:01:11,200
Speaker 2: not going to get that much money back. It's just

1324
01:01:11,200 --> 01:01:13,280
Speaker 2: simply out of the cards. But it's enough to maybe

1325
01:01:13,320 --> 01:01:16,640
Speaker 2: buy medicine or food or the very basic necessities of life,

1326
01:01:16,640 --> 01:01:18,560
Speaker 2: but you've got to cover the rest yourself. So it

1327
01:01:18,640 --> 01:01:20,480
Speaker 2: was never designed for this. Hey you know, I can

1328
01:01:20,560 --> 01:01:23,440
Speaker 2: retire in two thousand dollars a month, and you know

1329
01:01:23,640 --> 01:01:25,520
Speaker 2: my house, maybe my house if I have one, is

1330
01:01:25,560 --> 01:01:28,120
Speaker 2: paid for. But you're able to afford everything else in

1331
01:01:28,160 --> 01:01:30,040
Speaker 2: life and to be tight. But I can get it

1332
01:01:30,080 --> 01:01:32,840
Speaker 2: was that designed for that? It was about it's mainly supplemental,

1333
01:01:32,840 --> 01:01:35,360
Speaker 2: and I think that's something else in the entitlement crowd

1334
01:01:35,360 --> 01:01:38,600
Speaker 2: we got wrong. So and an als I look at

1335
01:01:38,640 --> 01:01:40,320
Speaker 2: this guy. I just I don't know if this is

1336
01:01:40,360 --> 01:01:45,520
Speaker 2: solvent anymore in a sense that that Social Security needs.

1337
01:01:45,360 --> 01:01:46,800
Speaker 3: To die that death. How would you do that? I

1338
01:01:46,800 --> 01:01:47,080
Speaker 3: don't know.

1339
01:01:47,120 --> 01:01:50,400
Speaker 2: I've heard plans about facing it out over ten years

1340
01:01:50,440 --> 01:01:54,440
Speaker 2: basically and or cutting having a cut off. Perhaps that

1341
01:01:54,480 --> 01:01:55,880
Speaker 2: And I think that's the other thing is how the

1342
01:01:55,920 --> 01:01:57,920
Speaker 2: hell do you get out of this? That's a difficult.

1343
01:01:58,000 --> 01:02:00,200
Speaker 2: Park One quick calling this before I get it news

1344
01:02:00,240 --> 01:02:01,760
Speaker 2: updating here on seven hundred w A do able to

1345
01:02:01,760 --> 01:02:03,560
Speaker 2: make a Mike and Clairmont County on it on seven

1346
01:02:03,640 --> 01:02:05,400
Speaker 2: hundred w W Scott Slunsho, what's up, Mike?

1347
01:02:07,120 --> 01:02:11,600
Speaker 7: You were equating solo security to steel workers pension fund.

1348
01:02:11,640 --> 01:02:14,919
Speaker 7: The dibbers is those security is mandated. You can't opt out,

1349
01:02:15,040 --> 01:02:17,320
Speaker 7: never could you can't. You're you're you'd.

1350
01:02:17,160 --> 01:02:18,600
Speaker 3: Have to that's what I'm saying. You'd have to you'd

1351
01:02:18,600 --> 01:02:20,640
Speaker 3: have to phase it, you'd have to phase it out.

1352
01:02:22,120 --> 01:02:24,200
Speaker 8: Well, I'm saying though, but you know, that's why it

1353
01:02:24,320 --> 01:02:27,880
Speaker 8: is entitled, and we did pay it in and we

1354
01:02:28,040 --> 01:02:29,920
Speaker 8: are entitled to get it back down. If I put

1355
01:02:29,960 --> 01:02:32,360
Speaker 8: money in the bank on an interest rate.

1356
01:02:32,360 --> 01:02:35,280
Speaker 7: They have to pay it back. And that's basically what

1357
01:02:35,360 --> 01:02:36,520
Speaker 7: you did in close security.

1358
01:02:36,560 --> 01:02:37,280
Speaker 8: You paid it in.

1359
01:02:37,200 --> 01:02:41,080
Speaker 7: With the promise of getting it back yep, when you retirement.

1360
01:02:41,160 --> 01:02:43,840
Speaker 2: Yeah, it's but a big one. It's a promise, not

1361
01:02:43,880 --> 01:02:45,919
Speaker 2: a contract. I'm saying, is if there's no money left

1362
01:02:45,960 --> 01:02:47,560
Speaker 2: because we have it was all built on the fact

1363
01:02:47,600 --> 01:02:50,400
Speaker 2: we had more workers and retirees. Now we have more

1364
01:02:50,400 --> 01:02:52,880
Speaker 2: retires than workers. It's not the same. And that's essentially

1365
01:02:52,880 --> 01:02:55,200
Speaker 2: what happened with my you know, with pensions in America,

1366
01:02:55,240 --> 01:02:58,120
Speaker 2: my dad's pension for Gentlin Steel is you know, American

1367
01:02:58,160 --> 01:03:00,360
Speaker 2: steel got off short and left and there were enough

1368
01:03:00,360 --> 01:03:02,880
Speaker 2: workers to support the retirees. And that happened in the auto

1369
01:03:02,920 --> 01:03:05,360
Speaker 2: industry for that matter as well. So it's you know,

1370
01:03:05,480 --> 01:03:07,800
Speaker 2: whether it's whether it's fair or not, is that that's

1371
01:03:07,800 --> 01:03:10,240
Speaker 2: that's debatable, but that's the reality of it. There's just

1372
01:03:10,240 --> 01:03:12,320
Speaker 2: not enough money left and where's that going to come from?

1373
01:03:12,440 --> 01:03:14,120
Speaker 2: Is the big question. And they've got to address this

1374
01:03:14,200 --> 01:03:16,440
Speaker 2: in the next eleven years for sure. Got to get

1375
01:03:16,440 --> 01:03:18,840
Speaker 2: a news update in more to follow. None of you

1376
01:03:18,840 --> 01:03:22,080
Speaker 2: saw this. If you're headed downtown the Convention Center Hotel

1377
01:03:22,120 --> 01:03:24,720
Speaker 2: as a go because they're going to add a tax

1378
01:03:25,240 --> 01:03:28,000
Speaker 2: every time you buy a meal or a drink in

1379
01:03:28,080 --> 01:03:31,040
Speaker 2: areas of downtown Cincinnati. Joe Runemil from three c DC

1380
01:03:31,120 --> 01:03:32,600
Speaker 2: will lay it out of force. Next on the Scots

1381
01:03:32,600 --> 01:03:34,800
Speaker 2: Fland Show seven hundred WWD Cincinnati.

1382
01:03:35,000 --> 01:03:37,560
Speaker 3: You want to be in a man.

1383
01:03:38,320 --> 01:03:40,600
Speaker 2: He's got a clone on this. Snow is Tuesday morning,

1384
01:03:40,640 --> 01:03:44,200
Speaker 2: seven hundred w WELW. Snow is behind us now, of course,

1385
01:03:44,200 --> 01:03:45,800
Speaker 2: so we can talk about some other things, and that

1386
01:03:45,840 --> 01:03:48,800
Speaker 2: includes starting in March twenty twenty six, if you go

1387
01:03:48,880 --> 01:03:51,919
Speaker 2: downtown to eat at a restaurer on Relisa a certain

1388
01:03:51,920 --> 01:03:53,480
Speaker 2: area and some restaurants and bars are going to add

1389
01:03:53,480 --> 01:03:56,120
Speaker 2: a one percent fee on all their sales. That's going

1390
01:03:56,160 --> 01:03:59,360
Speaker 2: to help finance the five hundred million dollar plus seven

1391
01:03:59,480 --> 01:04:02,080
Speaker 2: hundred room Marriott Convention Center Hotel. It's going to go

1392
01:04:02,160 --> 01:04:05,120
Speaker 2: in right and Brenton right next to the newly redundant

1393
01:04:05,200 --> 01:04:07,120
Speaker 2: Duke Energy Convention Center on that from.

1394
01:04:07,000 --> 01:04:07,800
Speaker 3: Three c DC.

1395
01:04:08,360 --> 01:04:10,160
Speaker 2: He's the guy that put it all together. That's Joe

1396
01:04:10,240 --> 01:04:12,360
Speaker 2: Rude Milli. It's all his idea. Joe welcome.

1397
01:04:12,400 --> 01:04:12,919
Speaker 3: How you been.

1398
01:04:12,840 --> 01:04:15,720
Speaker 9: Buddy, it's been great. Thanks for having me on.

1399
01:04:15,800 --> 01:04:18,200
Speaker 2: Yeah, good job on this one. Everyone wants to pay more.

1400
01:04:20,760 --> 01:04:23,760
Speaker 2: It's it's interesting because you hear that, you go, man

1401
01:04:24,040 --> 01:04:26,360
Speaker 2: another tax. You know, if you live in Hamlin County,

1402
01:04:26,360 --> 01:04:28,920
Speaker 2: you're hit by the uh. You know you're supposed to

1403
01:04:28,920 --> 01:04:31,320
Speaker 2: get that property tax rebate of Atalisia Reeson talking about

1404
01:04:31,320 --> 01:04:33,320
Speaker 2: how well that's not going to come back to anytime soon.

1405
01:04:34,040 --> 01:04:36,040
Speaker 2: We're seeing more and more taxes and then there's another

1406
01:04:36,080 --> 01:04:36,680
Speaker 2: one percent.

1407
01:04:37,240 --> 01:04:39,720
Speaker 3: Uh. There's going to be a tough sell to bargain restaurants,

1408
01:04:39,760 --> 01:04:40,240
Speaker 3: or wasn't it.

1409
01:04:41,880 --> 01:04:42,400
Speaker 9: Yeah, it was.

1410
01:04:42,480 --> 01:04:46,000
Speaker 1: I mean, look, the bargain restaurants didn't want to add

1411
01:04:46,000 --> 01:04:48,000
Speaker 1: an extra fee, and I won't point out it's a fee,

1412
01:04:48,040 --> 01:04:49,920
Speaker 1: not a tax, first of all.

1413
01:04:49,720 --> 01:04:51,240
Speaker 9: And it's a usage fee.

1414
01:04:51,280 --> 01:04:53,320
Speaker 1: So it's people who are at these restaurants in the

1415
01:04:53,320 --> 01:04:56,439
Speaker 1: Fountain district that really are going to be the ones

1416
01:04:56,520 --> 01:04:59,160
Speaker 1: that benefit the most from this new hotel and all

1417
01:04:59,160 --> 01:05:02,360
Speaker 1: the people that were going to be bringing downtown with

1418
01:05:02,440 --> 01:05:05,760
Speaker 1: the construction of the hotel, with the new Convention Center

1419
01:05:05,800 --> 01:05:08,120
Speaker 1: and the modernization there, as well as the Elm Street

1420
01:05:08,120 --> 01:05:11,080
Speaker 1: players that we that we just opened up with the

1421
01:05:11,200 --> 01:05:14,440
Speaker 1: brand new UC Health ice rink. So I think it's

1422
01:05:14,440 --> 01:05:17,680
Speaker 1: a credit to the businesses for them stepping up. And

1423
01:05:17,760 --> 01:05:21,040
Speaker 1: I think they saw essentially without their participation, this hotel

1424
01:05:21,040 --> 01:05:23,680
Speaker 1: couldn't be built, and so I want to credit them

1425
01:05:23,720 --> 01:05:27,000
Speaker 1: and thank them honestly for stepping up. And as I mentioned,

1426
01:05:27,040 --> 01:05:28,640
Speaker 1: they didn't want to add an extra fee, but it's

1427
01:05:28,680 --> 01:05:30,000
Speaker 1: necessary for the community.

1428
01:05:30,040 --> 01:05:31,640
Speaker 9: And ultimately, I think.

1429
01:05:31,520 --> 01:05:33,960
Speaker 1: They saw the importance of this project for our downtown

1430
01:05:33,960 --> 01:05:34,640
Speaker 1: in the whole region.

1431
01:05:34,680 --> 01:05:37,920
Speaker 3: How do you picture this to them?

1432
01:05:38,000 --> 01:05:41,640
Speaker 1: Essentially just that you know, we're making this generational investment

1433
01:05:41,640 --> 01:05:44,440
Speaker 1: in our convention district and everybody else has come to

1434
01:05:44,480 --> 01:05:47,200
Speaker 1: the table. You have money from the city, the county,

1435
01:05:47,240 --> 01:05:50,360
Speaker 1: the state, three CDC visits, since the support, everybody is

1436
01:05:50,360 --> 01:05:53,120
Speaker 1: at the table. The hotel operators have added a one

1437
01:05:53,160 --> 01:05:56,440
Speaker 1: percent feed to the transit occupancy tack that's been in

1438
01:05:56,480 --> 01:05:59,320
Speaker 1: place for a year. And so essentially we went to

1439
01:05:59,320 --> 01:06:01,680
Speaker 1: the restaurant tour and said, look, we understand you don't

1440
01:06:01,680 --> 01:06:05,040
Speaker 1: want to add this fee, but without your participation in this,

1441
01:06:05,760 --> 01:06:08,880
Speaker 1: we can't build this hotel. It's a complicated financing stack,

1442
01:06:09,520 --> 01:06:11,440
Speaker 1: a lot of different sources. As I mentioned, there's a

1443
01:06:11,440 --> 01:06:14,600
Speaker 1: ton of parties that are involved. But without this piece,

1444
01:06:14,880 --> 01:06:18,440
Speaker 1: we can't close that gap. And so they said, we understand.

1445
01:06:18,640 --> 01:06:21,480
Speaker 1: We love our community. It's an exciting time for Cincinnati.

1446
01:06:21,560 --> 01:06:24,880
Speaker 1: This is us making a collective investment in the community.

1447
01:06:25,080 --> 01:06:28,360
Speaker 2: Yeah, I know that Jose sales are of course, you know,

1448
01:06:28,400 --> 01:06:30,600
Speaker 2: one of our best chefs in Cincinnati opened his new

1449
01:06:30,640 --> 01:06:33,760
Speaker 2: restaurant in that air, specifically because of the proximity of

1450
01:06:33,760 --> 01:06:36,520
Speaker 2: the convention Center and the hotel. But if you're a

1451
01:06:36,560 --> 01:06:39,600
Speaker 2: business it's already operating this area before the convention hotel

1452
01:06:39,680 --> 01:06:42,880
Speaker 2: was planned. Was there pushback more from them than from

1453
01:06:42,920 --> 01:06:43,880
Speaker 2: the newcomers.

1454
01:06:44,680 --> 01:06:46,280
Speaker 1: Well, I think there are a lot of questions and

1455
01:06:46,560 --> 01:06:49,919
Speaker 1: trying to understand what this was. I think whether it's

1456
01:06:50,120 --> 01:06:54,240
Speaker 1: a long standing business or one that's opening new. Obviously,

1457
01:06:54,360 --> 01:06:56,920
Speaker 1: these past you know, eighteen months while we've been under

1458
01:06:57,040 --> 01:06:59,280
Speaker 1: construction on the convention Center have been difficult.

1459
01:06:59,840 --> 01:07:02,520
Speaker 9: I think we all collectively.

1460
01:07:01,960 --> 01:07:05,280
Speaker 1: Agree that when this new, modernized convention center opens, when

1461
01:07:05,280 --> 01:07:08,560
Speaker 1: the hotel is added, it is going to be massively

1462
01:07:08,600 --> 01:07:11,560
Speaker 1: impactful for all of those whether they've been operating a

1463
01:07:11,560 --> 01:07:13,440
Speaker 1: long time or they're brand new. And so I think

1464
01:07:13,760 --> 01:07:16,880
Speaker 1: they recognize the foot traffic and the activity that this

1465
01:07:16,960 --> 01:07:20,360
Speaker 1: investment is going to make in the area. And so

1466
01:07:20,520 --> 01:07:23,360
Speaker 1: when it came down to it, ultimately, you know, this

1467
01:07:23,520 --> 01:07:26,560
Speaker 1: is one penny per dollar spence, right, and so if

1468
01:07:26,640 --> 01:07:28,960
Speaker 1: you go down and you're eating at a restaurant or

1469
01:07:28,960 --> 01:07:31,080
Speaker 1: getting a drink at a bar in the Fountain District

1470
01:07:31,320 --> 01:07:33,240
Speaker 1: and your tab is twenty five dollars, you're going to

1471
01:07:33,240 --> 01:07:36,200
Speaker 1: add another quarter to that. If it's fifty dollars, fifty cents, right,

1472
01:07:36,320 --> 01:07:38,440
Speaker 1: If it's one hundred bucks, it's a dollar. And so

1473
01:07:39,080 --> 01:07:42,040
Speaker 1: I think ultimately they recognized that while they didn't want

1474
01:07:42,040 --> 01:07:44,840
Speaker 1: to add another fee, it was necessary, and so they

1475
01:07:44,880 --> 01:07:47,120
Speaker 1: wanted to be good community partners and they really stepped

1476
01:07:47,160 --> 01:07:49,440
Speaker 1: us to the plate just like all these other organizations have,

1477
01:07:49,880 --> 01:07:53,240
Speaker 1: and they understood really the bigger picture of what we're trying.

1478
01:07:52,960 --> 01:07:54,560
Speaker 3: To ACCOLI here sure makes sense.

1479
01:07:54,640 --> 01:07:58,000
Speaker 2: Joe Rudimiller from three CDC on talking about the one

1480
01:07:58,040 --> 01:08:01,400
Speaker 2: percent restaurant in bar Tech. It's going to hit businesses

1481
01:08:01,520 --> 01:08:05,520
Speaker 2: around the new Convention Center and hotel and on that.

1482
01:08:06,160 --> 01:08:09,400
Speaker 2: There's no formal list yet of the bars and wrestlers participating.

1483
01:08:09,680 --> 01:08:11,439
Speaker 2: Is that going to come out before council? The reason

1484
01:08:11,440 --> 01:08:13,800
Speaker 2: I ask that is to don't voters or consumers in

1485
01:08:13,840 --> 01:08:16,840
Speaker 2: this met need to know exactly how it's like it's

1486
01:08:16,880 --> 01:08:19,000
Speaker 2: hits only one percent? I mean, you probably shouldn't go

1487
01:08:19,600 --> 01:08:21,840
Speaker 2: out eating if you can afford extra dollar one hundred.

1488
01:08:21,880 --> 01:08:24,400
Speaker 2: But on that point, don't don't we deserve to know

1489
01:08:24,439 --> 01:08:25,639
Speaker 2: which businesses are in and out?

1490
01:08:26,600 --> 01:08:26,840
Speaker 4: Yeah?

1491
01:08:26,840 --> 01:08:29,000
Speaker 1: Sure, I mean right now this is going through kind

1492
01:08:29,000 --> 01:08:31,680
Speaker 1: of the legislative process and it's not actually going to

1493
01:08:31,720 --> 01:08:35,280
Speaker 1: be formally launched until March first of next year, so

1494
01:08:35,560 --> 01:08:38,960
Speaker 1: we're still finalizing that list. It will be shared at

1495
01:08:39,000 --> 01:08:42,840
Speaker 1: some point, not in an advance of council essentially at

1496
01:08:42,880 --> 01:08:45,400
Speaker 1: this point kind of getting into the weeds. The property

1497
01:08:45,439 --> 01:08:48,120
Speaker 1: owners have to opt in, and that's who's listed on

1498
01:08:48,200 --> 01:08:52,120
Speaker 1: the city council legislation. So that would be like this,

1499
01:08:52,320 --> 01:08:54,479
Speaker 1: the three CDC owns the building, so we've opted in.

1500
01:08:54,520 --> 01:08:57,240
Speaker 1: There's six property owners, and then the businesses within there

1501
01:08:57,280 --> 01:09:00,439
Speaker 1: also have to opt in. So that list will eventually

1502
01:09:00,520 --> 01:09:04,240
Speaker 1: be shared. But yeah, we we believe that. Again it's

1503
01:09:04,280 --> 01:09:07,360
Speaker 1: it's one penny per dollar spent. I would point out

1504
01:09:07,400 --> 01:09:10,599
Speaker 1: again it is not attacked as a service a service fee,

1505
01:09:10,880 --> 01:09:14,000
Speaker 1: and also that you know this is this is only

1506
01:09:14,040 --> 01:09:16,120
Speaker 1: going to be paid by people who are going out

1507
01:09:16,160 --> 01:09:19,120
Speaker 1: and dining in the bars and restaurants that they are

1508
01:09:19,160 --> 01:09:22,840
Speaker 1: coming out in this uh specific geographic area just a

1509
01:09:22,840 --> 01:09:25,240
Speaker 1: few blocks kind of around the convention center there. We

1510
01:09:25,280 --> 01:09:29,200
Speaker 1: think those businesses stand to benefit mode from the additional traffic.

1511
01:09:29,880 --> 01:09:32,920
Speaker 1: And and also it's not attacked that everybody in Hamilton

1512
01:09:32,960 --> 01:09:35,439
Speaker 1: County is going to pay. It's just folks who if

1513
01:09:35,439 --> 01:09:38,760
Speaker 1: they're coming down, they will pay that service fee when

1514
01:09:38,760 --> 01:09:41,960
Speaker 1: they're when they're enjoying it here in the Lovely Fat It's.

1515
01:09:41,800 --> 01:09:44,599
Speaker 2: Similar to initially when we did the street car years ago,

1516
01:09:44,640 --> 01:09:46,240
Speaker 2: and it was like we're just going to do a

1517
01:09:46,320 --> 01:09:48,880
Speaker 2: tax along the track. And the businesses that came from

1518
01:09:48,880 --> 01:09:51,280
Speaker 2: being that close in that proximity to the tracks, are

1519
01:09:51,320 --> 01:09:54,120
Speaker 2: they uh of the triale is that.

1520
01:09:53,880 --> 01:09:54,760
Speaker 3: They're the ones that going to pay.

1521
01:09:54,760 --> 01:09:56,519
Speaker 2: And now that got shot down and that seems like

1522
01:09:56,560 --> 01:09:58,120
Speaker 2: more of a fair thing, like what you're doing here.

1523
01:09:58,240 --> 01:10:00,679
Speaker 2: The businesses are going to directly benefit from the hotel

1524
01:10:00,720 --> 01:10:03,880
Speaker 2: and convention center pay that, but again that does go

1525
01:10:03,960 --> 01:10:06,639
Speaker 2: back to consumers on that and you said the fee

1526
01:10:06,640 --> 01:10:09,880
Speaker 2: doesn't start till March of next year. Construction begins this month.

1527
01:10:10,840 --> 01:10:14,160
Speaker 2: What happens if businesses eventually, I mean some go because

1528
01:10:14,200 --> 01:10:16,240
Speaker 2: it's voluntary. Can't force people to pay. This's what they

1529
01:10:16,280 --> 01:10:18,839
Speaker 2: change your mind or closed or just it doesn't generate

1530
01:10:18,840 --> 01:10:19,759
Speaker 2: the expected revenue.

1531
01:10:19,800 --> 01:10:20,320
Speaker 3: What happens in.

1532
01:10:21,200 --> 01:10:25,759
Speaker 1: Sure, So One, it's based on the expected generated revenue

1533
01:10:25,760 --> 01:10:29,120
Speaker 1: that we are able to get additional bond financing. So

1534
01:10:29,120 --> 01:10:31,000
Speaker 1: that's why it's important to have it set up right

1535
01:10:31,040 --> 01:10:33,080
Speaker 1: now before the fee is actually being collected.

1536
01:10:33,120 --> 01:10:35,360
Speaker 9: We have projections on what we think this will generate.

1537
01:10:36,040 --> 01:10:40,120
Speaker 1: Also, as new businesses open, they will be asked to participate.

1538
01:10:40,479 --> 01:10:43,080
Speaker 1: Once the business ops in, they are no longer allowed

1539
01:10:43,120 --> 01:10:43,639
Speaker 1: to opt out.

1540
01:10:43,760 --> 01:10:45,040
Speaker 9: So once you're in, you're in.

1541
01:10:45,800 --> 01:10:49,160
Speaker 1: We do intend to add future businesses within the Fountain

1542
01:10:49,160 --> 01:10:53,040
Speaker 1: District to this NCAA or the Fountain District Community Authority

1543
01:10:53,439 --> 01:10:56,519
Speaker 1: as we move forward, So we're confident at the revenue

1544
01:10:56,520 --> 01:10:59,200
Speaker 1: that will be ultimately generated collectively will be enough to

1545
01:10:59,280 --> 01:11:02,439
Speaker 1: help pay down the debt to build the hotel. Gotcha,

1546
01:11:02,439 --> 01:11:04,760
Speaker 1: And I would also point out that this is not

1547
01:11:04,840 --> 01:11:07,599
Speaker 1: the only new community authority in the area. There's one

1548
01:11:07,600 --> 01:11:10,120
Speaker 1: of the banks and the businesses down there. People may

1549
01:11:10,120 --> 01:11:11,880
Speaker 1: not even realize that when you go down and eat

1550
01:11:12,200 --> 01:11:14,080
Speaker 1: or drink at the banks, you're also paying a one

1551
01:11:14,120 --> 01:11:16,640
Speaker 1: percent fee. Now they use that money from marketing. It

1552
01:11:16,680 --> 01:11:20,040
Speaker 1: primarily goes to their Dora district and buying the cops

1553
01:11:20,080 --> 01:11:22,479
Speaker 1: and putting together the materials for that. And there's also

1554
01:11:22,520 --> 01:11:25,840
Speaker 1: one out in Liberty Center where they use that NCAA

1555
01:11:25,960 --> 01:11:30,120
Speaker 1: fee for infrastructure around that development. So there are other NCAAs.

1556
01:11:30,160 --> 01:11:32,320
Speaker 1: I'm not sure that people even realize. Again, if you're

1557
01:11:32,320 --> 01:11:34,439
Speaker 1: going down to the banks that you're paying this speed.

1558
01:11:34,840 --> 01:11:37,080
Speaker 2: Yeah, yeah, it gets baked and you'll see it on

1559
01:11:37,160 --> 01:11:39,519
Speaker 2: your ticket. But again it's a dollar for every hundred

1560
01:11:40,160 --> 01:11:43,400
Speaker 2: fifty cents for every fifty, so yeah, it makes sense.

1561
01:11:43,960 --> 01:11:46,000
Speaker 2: The other element here too is, let's face it, I

1562
01:11:46,040 --> 01:11:49,080
Speaker 2: think Jeff Cramerting council member, said this that this is

1563
01:11:49,120 --> 01:11:51,719
Speaker 2: going to hit largely out of town convention of visitors

1564
01:11:51,760 --> 01:11:54,280
Speaker 2: at some point here too. Doesn't mean that folks like

1565
01:11:54,320 --> 01:11:55,800
Speaker 2: me and you won't go there. Of course we will,

1566
01:11:55,800 --> 01:11:58,360
Speaker 2: but this is targeted towards those out of talents because

1567
01:11:58,360 --> 01:12:01,160
Speaker 2: we'd rather get their money than that ours and out

1568
01:12:01,160 --> 01:12:03,040
Speaker 2: of tiers. We love taking our money, so it's a

1569
01:12:03,040 --> 01:12:05,400
Speaker 2: good thing for everybody. What percentage of customers is a

1570
01:12:05,439 --> 01:12:07,439
Speaker 2: projection there are going to be out of town convention

1571
01:12:07,479 --> 01:12:12,000
Speaker 2: attendees versus residents of Cincinnati, Hamblin County, Warren Kamder, Butler County,

1572
01:12:12,040 --> 01:12:12,719
Speaker 2: Northern Kentucky.

1573
01:12:13,439 --> 01:12:15,680
Speaker 1: Yeah, we don't have any projections on the breakdown of

1574
01:12:16,120 --> 01:12:18,559
Speaker 1: intown versus out of town. We do expect that the

1575
01:12:18,600 --> 01:12:21,080
Speaker 1: majority of this will be put people who are coming

1576
01:12:21,120 --> 01:12:23,280
Speaker 1: from out of town who are visiting conventions, who are

1577
01:12:23,280 --> 01:12:26,479
Speaker 1: staying in the hotels in this area and frequenting the

1578
01:12:26,479 --> 01:12:30,040
Speaker 1: bars and restaurants. So there isn't a specific breakdown, but

1579
01:12:30,360 --> 01:12:31,960
Speaker 1: I think that's a great point that counts. I mean,

1580
01:12:31,960 --> 01:12:34,879
Speaker 1: cramering makes and I think that's something that we expect

1581
01:12:35,080 --> 01:12:37,240
Speaker 1: is that this will primarily be paid by people who

1582
01:12:37,280 --> 01:12:40,000
Speaker 1: are from out of town coming to enjoy these great

1583
01:12:40,000 --> 01:12:43,400
Speaker 1: new amenities. And I think one of the things that

1584
01:12:43,439 --> 01:12:46,080
Speaker 1: really sets us apart is when we finish these projects

1585
01:12:46,120 --> 01:12:49,679
Speaker 1: and we have this modernized convention center, this brand new hotel,

1586
01:12:49,720 --> 01:12:52,760
Speaker 1: ELM Street plaza, we're really unique in Cincinnati and that

1587
01:12:52,800 --> 01:12:55,080
Speaker 1: you can walk out our convention center and you have

1588
01:12:55,280 --> 01:13:01,679
Speaker 1: this incredible collection of high quality restaurants and bars right

1589
01:13:01,680 --> 01:13:03,880
Speaker 1: in the area that is walkable. You don't have to

1590
01:13:03,880 --> 01:13:06,679
Speaker 1: hop in your car to drive. A lot of convention

1591
01:13:06,800 --> 01:13:10,320
Speaker 1: centers sit off in a distance it's difficult to navigate.

1592
01:13:10,560 --> 01:13:13,280
Speaker 1: This is all right down, very walkable. You can walk

1593
01:13:13,320 --> 01:13:15,240
Speaker 1: a few steps the Fountain Square and all the great

1594
01:13:15,280 --> 01:13:15,920
Speaker 1: programming there.

1595
01:13:15,920 --> 01:13:17,080
Speaker 9: You can go up to over the Run, and you

1596
01:13:17,120 --> 01:13:18,040
Speaker 9: can go down to the Bank.

1597
01:13:18,160 --> 01:13:21,920
Speaker 1: So we really think that this whole collective investment sets

1598
01:13:21,960 --> 01:13:24,760
Speaker 1: us apart from a lot of our competitors because of

1599
01:13:24,800 --> 01:13:27,120
Speaker 1: the proximity of all of these great assets that we

1600
01:13:27,200 --> 01:13:30,160
Speaker 1: have downtown. And so this is just one more step

1601
01:13:30,240 --> 01:13:32,000
Speaker 1: forward in getting us to that point.

1602
01:13:32,080 --> 01:13:34,880
Speaker 2: Okay, very good, Joe Rudymiller from three CDC. On the

1603
01:13:34,920 --> 01:13:37,559
Speaker 2: one percent tax around the convention center, bars and restaurants

1604
01:13:37,560 --> 01:13:40,640
Speaker 2: will pay that. It's a thirty year commitment unless the

1605
01:13:40,680 --> 01:13:44,839
Speaker 2: construction deck gets paid off early. Totally voluntary for the businesses,

1606
01:13:44,840 --> 01:13:47,240
Speaker 2: by the way, which is the big question. And it's

1607
01:13:47,240 --> 01:13:49,519
Speaker 2: all part of what's called the New Community Authority. That's

1608
01:13:49,560 --> 01:13:51,679
Speaker 2: a state financing tool that louts of sport to collect

1609
01:13:51,760 --> 01:13:54,880
Speaker 2: charges for area public improvements around that convention Center District.

1610
01:13:54,960 --> 01:13:56,720
Speaker 2: You said early on, Joe that this could not be

1611
01:13:56,720 --> 01:14:00,519
Speaker 2: built without that one percent fee. But one million of

1612
01:14:00,560 --> 01:14:02,679
Speaker 2: the what five hundred and thirty six million dollar plus

1613
01:14:02,720 --> 01:14:05,280
Speaker 2: financing deal, that's like two one thousandths of a percent.

1614
01:14:06,280 --> 01:14:08,599
Speaker 2: One way look at that and go, that seems to

1615
01:14:08,680 --> 01:14:11,519
Speaker 2: just be like not even you know, whipped cream or

1616
01:14:11,520 --> 01:14:14,160
Speaker 2: a cherry on top that that feels like maybe a

1617
01:14:14,240 --> 01:14:17,200
Speaker 2: quarter teaspoon of sprinkles at that point. Is that you

1618
01:14:17,240 --> 01:14:19,640
Speaker 2: hear that and go, why is the million dollar a

1619
01:14:19,720 --> 01:14:22,040
Speaker 2: year so critical the entire project hinches on it?

1620
01:14:23,080 --> 01:14:26,760
Speaker 1: Yeah, so it gets pledged towards the overall bond financing,

1621
01:14:26,840 --> 01:14:29,400
Speaker 1: and so it allows us to unlock more money because

1622
01:14:29,439 --> 01:14:32,280
Speaker 1: we say we can back those bonds with this million

1623
01:14:32,320 --> 01:14:35,519
Speaker 1: dollars that we're collecting. So if not just a million dollars,

1624
01:14:35,520 --> 01:14:38,640
Speaker 1: it's that it opens up access to additional capital that

1625
01:14:38,680 --> 01:14:42,439
Speaker 1: we can get through that bond finding dancing and allows

1626
01:14:42,520 --> 01:14:45,599
Speaker 1: us to essentially get more money upfront for the project

1627
01:14:45,680 --> 01:14:48,240
Speaker 1: and make the construction happen. And then this is one

1628
01:14:48,280 --> 01:14:50,320
Speaker 1: way that the people who are buying those bonds can

1629
01:14:50,479 --> 01:14:53,200
Speaker 1: understand this money is pledged to that there is this

1630
01:14:53,280 --> 01:14:56,120
Speaker 1: revenue stream coming in. So that they can ensure that

1631
01:14:56,240 --> 01:14:57,920
Speaker 1: the money will get paid back.

1632
01:14:58,000 --> 01:15:00,280
Speaker 2: Yeah, okay, gotcha, And I guess I look at it. Okay,

1633
01:15:00,280 --> 01:15:02,280
Speaker 2: you got that money. You've got one hundred and twenty

1634
01:15:02,320 --> 01:15:04,799
Speaker 2: million from the Port Authority from bonds that you're talking about,

1635
01:15:05,600 --> 01:15:08,479
Speaker 2: fifty million dollars from the city, another roughly fifty million

1636
01:15:08,520 --> 01:15:11,000
Speaker 2: dollars from the state and Investment fund. There another thirty

1637
01:15:11,000 --> 01:15:13,639
Speaker 2: seven million in state tax credits. A lot of public

1638
01:15:13,680 --> 01:15:15,760
Speaker 2: money going back in. And then you know, at the

1639
01:15:15,840 --> 01:15:18,120
Speaker 2: end of it, we're still asking private businesses to contribute

1640
01:15:18,160 --> 01:15:18,920
Speaker 2: even more on top of that.

1641
01:15:20,600 --> 01:15:23,320
Speaker 1: Yeah, I mean we're asking everybody to contribute, right, you

1642
01:15:23,400 --> 01:15:25,960
Speaker 1: mentioned all those sources. In addition, the developer is going

1643
01:15:25,960 --> 01:15:28,120
Speaker 1: to bring equity and also take out a loan. I

1644
01:15:28,160 --> 01:15:30,960
Speaker 1: mentioned already that the hotel operators increase their trains and

1645
01:15:31,040 --> 01:15:34,840
Speaker 1: occupancy tax by one percent. So everybody has really come

1646
01:15:34,840 --> 01:15:37,479
Speaker 1: to the table here. This is a collective investment in

1647
01:15:37,520 --> 01:15:40,439
Speaker 1: the community for the community and buy the community. So

1648
01:15:40,560 --> 01:15:44,160
Speaker 1: everybody is pitching in. Everybody is giving what they can

1649
01:15:44,280 --> 01:15:46,799
Speaker 1: to this. And so again I would applaud the restaurant

1650
01:15:46,840 --> 01:15:50,640
Speaker 1: tours for stepping up to the plate and saying, you know,

1651
01:15:50,760 --> 01:15:53,000
Speaker 1: we don't want to add another feed, but we understand

1652
01:15:53,080 --> 01:15:55,400
Speaker 1: that this is necessary and we need to do this

1653
01:15:55,520 --> 01:15:57,880
Speaker 1: in order to continue to move forward as a community.

1654
01:15:58,280 --> 01:16:00,040
Speaker 2: It seems like we're going to see more of the

1655
01:16:00,080 --> 01:16:02,280
Speaker 2: community authorities you mentioned the Banks and Liberty Center and

1656
01:16:02,320 --> 01:16:04,599
Speaker 2: now the Convention Center District that it feels like that

1657
01:16:04,600 --> 01:16:07,160
Speaker 2: that is going to be how these projects are done

1658
01:16:07,560 --> 01:16:08,280
Speaker 2: all over the state.

1659
01:16:09,840 --> 01:16:12,800
Speaker 1: I think as possible. There are other community authorities in

1660
01:16:13,120 --> 01:16:16,719
Speaker 1: different jurisdictions, so there's now only three here in southwest Ohio.

1661
01:16:17,680 --> 01:16:20,400
Speaker 1: It is a, you know, a somewhat unique financing tool

1662
01:16:20,439 --> 01:16:23,200
Speaker 1: that I think a lot of people probably didn't know

1663
01:16:23,280 --> 01:16:25,719
Speaker 1: about or weren't aware of. I'm not sure how much

1664
01:16:25,760 --> 01:16:29,519
Speaker 1: we will see these continue to just spring up. I

1665
01:16:29,520 --> 01:16:32,280
Speaker 1: think they're kind of unique on a case by case basis,

1666
01:16:32,360 --> 01:16:36,040
Speaker 1: so it's not something that we're seeing necessarily as a trend.

1667
01:16:36,120 --> 01:16:38,519
Speaker 1: We just know that in this instance, we kick the

1668
01:16:38,560 --> 01:16:41,120
Speaker 1: tires on any way we can finance this hotel and

1669
01:16:41,200 --> 01:16:44,240
Speaker 1: looked at a lot of different avenues and this and

1670
01:16:44,320 --> 01:16:46,799
Speaker 1: this is kind of the last piece, hopefully to the puzzle.

1671
01:16:47,040 --> 01:16:48,680
Speaker 2: Do you feel comfortable with the number of bars and

1672
01:16:48,720 --> 01:16:49,800
Speaker 2: restaurants you have sign up already?

1673
01:16:49,840 --> 01:16:50,599
Speaker 3: You're going to need more.

1674
01:16:52,120 --> 01:16:53,880
Speaker 1: Yeah, I mean we feel comfortable with the amount that

1675
01:16:53,920 --> 01:16:56,000
Speaker 1: we have to start. As I mentioned, I think we'll

1676
01:16:56,040 --> 01:16:59,720
Speaker 1: continue to work on businesses that are either not participating

1677
01:16:59,840 --> 01:17:02,600
Speaker 1: or open new to make sure that they understand the

1678
01:17:02,640 --> 01:17:05,880
Speaker 1: importance of participating in this. So we feel good about

1679
01:17:05,880 --> 01:17:07,960
Speaker 1: where we're at now, but expect to add more and

1680
01:17:08,040 --> 01:17:11,240
Speaker 1: so hopefully we can pay down that debt sooner and

1681
01:17:11,760 --> 01:17:14,599
Speaker 1: this would ultimately then you know, go away.

1682
01:17:14,760 --> 01:17:15,240
Speaker 3: Have you done?

1683
01:17:15,760 --> 01:17:18,160
Speaker 2: What's a public reaction? I mean, is there any pushback

1684
01:17:18,200 --> 01:17:20,920
Speaker 2: that you've heard so far? Any polling your community meetings

1685
01:17:20,960 --> 01:17:22,840
Speaker 2: to discuss this. I mean, again, it's just one percent,

1686
01:17:22,960 --> 01:17:25,479
Speaker 2: is very small slice of the pie, but enough crumbs

1687
01:17:25,479 --> 01:17:25,880
Speaker 2: make a loaf.

1688
01:17:25,960 --> 01:17:27,519
Speaker 3: Are you earn aning negative ursus?

1689
01:17:28,920 --> 01:17:29,120
Speaker 5: Yeah?

1690
01:17:29,120 --> 01:17:31,120
Speaker 1: I mean I think if you look at you know,

1691
01:17:31,200 --> 01:17:34,800
Speaker 1: social media, which is always a bastion of really high

1692
01:17:34,880 --> 01:17:39,160
Speaker 1: quality engagement and conversation, I think it's been mixed. I

1693
01:17:39,160 --> 01:17:41,240
Speaker 1: think a lot of people do understand it. And we

1694
01:17:41,320 --> 01:17:43,439
Speaker 1: saw a lot of social media comments yesterday say and

1695
01:17:43,760 --> 01:17:45,599
Speaker 1: you know this is this is a one percent fee

1696
01:17:45,600 --> 01:17:47,400
Speaker 1: on one hundred dollars tab. I'm going to pay one

1697
01:17:47,439 --> 01:17:49,040
Speaker 1: dollar And I think a lot of people get it.

1698
01:17:49,080 --> 01:17:51,360
Speaker 1: I think if you just look at a headline, maybe

1699
01:17:51,400 --> 01:17:54,040
Speaker 1: you get frustrated. I think people that actually dive in

1700
01:17:54,080 --> 01:17:57,040
Speaker 1: and read the article, which we obviously need more people

1701
01:17:57,080 --> 01:18:00,200
Speaker 1: to do that understand the bigger picture and understand what

1702
01:18:00,200 --> 01:18:02,880
Speaker 1: we're trying to do here and why this is necessary.

1703
01:18:02,520 --> 01:18:05,080
Speaker 3: Right right, Yeah, I get it.

1704
01:18:05,120 --> 01:18:07,800
Speaker 2: We need that hotel down there, and I suppose there

1705
01:18:07,800 --> 01:18:10,320
Speaker 2: are other options if if business has felt like somehow

1706
01:18:10,320 --> 01:18:13,120
Speaker 2: this is going to give them a disadvantage in that,

1707
01:18:13,560 --> 01:18:15,479
Speaker 2: you know, I can get a stake at this restaurant.

1708
01:18:15,520 --> 01:18:17,479
Speaker 2: It's going to cost me twenty dollars more because it's

1709
01:18:17,520 --> 01:18:18,360
Speaker 2: near the convention center.

1710
01:18:18,400 --> 01:18:19,240
Speaker 3: No one's going to go for that.

1711
01:18:19,360 --> 01:18:22,040
Speaker 2: But you know, a dollar on a couple hundred dollars tab,

1712
01:18:22,120 --> 01:18:24,439
Speaker 2: you're not not or one hundred dollar tab, you're probably

1713
01:18:24,439 --> 01:18:25,160
Speaker 2: not going to notice it.

1714
01:18:26,640 --> 01:18:29,519
Speaker 1: Yeah, I mean, I think that's our thinking is it's

1715
01:18:29,520 --> 01:18:32,599
Speaker 1: spread out, it's depending on every dollar spent, and it's

1716
01:18:32,640 --> 01:18:36,200
Speaker 1: again it's a usage fee, So people who are using it,

1717
01:18:36,360 --> 01:18:40,800
Speaker 1: they will pay that. Those who don't, you know, they

1718
01:18:41,000 --> 01:18:43,600
Speaker 1: they won't have to pay that. I think that we

1719
01:18:43,720 --> 01:18:47,720
Speaker 1: believe that there is such high quality restaurant, tours and

1720
01:18:47,800 --> 01:18:50,960
Speaker 1: bars in that area that people are not going to

1721
01:18:51,040 --> 01:18:53,840
Speaker 1: be dissuaded from coming down to visit them because of

1722
01:18:53,840 --> 01:18:56,320
Speaker 1: this one penny per dollar that they're that they're paying

1723
01:18:56,360 --> 01:18:59,280
Speaker 1: into this bigger picture to help build this hotel.

1724
01:18:59,360 --> 01:19:01,400
Speaker 3: Yeah, it's going to be higher end restaurants and bars,

1725
01:19:01,479 --> 01:19:02,800
Speaker 3: right like Aaron Off Center on that.

1726
01:19:02,920 --> 01:19:05,720
Speaker 1: Yeah that yeah, I mean, you know, I think the

1727
01:19:05,760 --> 01:19:08,280
Speaker 1: other thing that's really cool about the Fountain District is

1728
01:19:08,600 --> 01:19:11,240
Speaker 1: if you go to entertainment districts across the country, what

1729
01:19:11,280 --> 01:19:13,800
Speaker 1: you see as a lot of chain restaurants, and when

1730
01:19:13,800 --> 01:19:16,479
Speaker 1: you're in the Fountain District, you recognize these are these

1731
01:19:16,479 --> 01:19:19,960
Speaker 1: are primarily almost all of them are locally owned businesses.

1732
01:19:20,000 --> 01:19:22,960
Speaker 1: These are cra Cincinnati entrepreneurs. These are people who are

1733
01:19:22,960 --> 01:19:26,160
Speaker 1: committed to the community, who love being here, and who

1734
01:19:26,200 --> 01:19:28,280
Speaker 1: put out I think, some of the best food in

1735
01:19:28,320 --> 01:19:32,160
Speaker 1: the country. And so I think there is this incredible

1736
01:19:32,200 --> 01:19:35,479
Speaker 1: collection of these locally owned businesses in the Fountain District

1737
01:19:35,800 --> 01:19:38,360
Speaker 1: and again I'm grateful to them that they've come on

1738
01:19:38,479 --> 01:19:42,120
Speaker 1: board for the most part, nearly all of them, and

1739
01:19:42,280 --> 01:19:44,879
Speaker 1: are willing to participate in this and make this investment

1740
01:19:44,880 --> 01:19:45,439
Speaker 1: in our community.

1741
01:19:45,479 --> 01:19:48,960
Speaker 2: Now you're eating at Salazar's or Rubies or Media, you're

1742
01:19:49,000 --> 01:19:51,080
Speaker 2: not going to notice that dollar on one hundred, that's

1743
01:19:51,160 --> 01:19:54,599
Speaker 2: for sure. He's Joe Rudimiller at three c DC. And

1744
01:19:54,880 --> 01:19:57,479
Speaker 2: the good news is whether you like this or doesn't

1745
01:19:57,479 --> 01:19:59,240
Speaker 2: matter to you. The twenty one host Store hotel is

1746
01:19:59,240 --> 01:20:01,280
Speaker 2: going to open up and twenty twenty eight to fifth

1747
01:20:01,280 --> 01:20:04,400
Speaker 2: in Plumb and bring a whole lot of new bodies downtown.

1748
01:20:04,439 --> 01:20:06,120
Speaker 3: We've got to get back in the convention business. It's

1749
01:20:06,160 --> 01:20:06,719
Speaker 3: been too long.

1750
01:20:08,000 --> 01:20:10,400
Speaker 1: Yeah, totally. I think we're really excited. I don't know

1751
01:20:10,439 --> 01:20:12,240
Speaker 1: if you've been down to the new Elm Street plaza.

1752
01:20:12,520 --> 01:20:14,040
Speaker 3: Yeah, it's beautiful, it's gorgeous.

1753
01:20:14,120 --> 01:20:17,840
Speaker 9: Yeah, it's been great. I think it's succeeded our expectations.

1754
01:20:17,840 --> 01:20:20,320
Speaker 1: The ice rinks there, and in the summer it's going

1755
01:20:20,360 --> 01:20:22,400
Speaker 1: to be a beautiful green space that can be used

1756
01:20:22,600 --> 01:20:26,280
Speaker 1: by both the community, convention visitors, residents and everyone. So

1757
01:20:26,640 --> 01:20:28,840
Speaker 1: I think we're really on a great track here. We're

1758
01:20:28,840 --> 01:20:31,200
Speaker 1: excited about that opening. The Convention Center is going to

1759
01:20:31,240 --> 01:20:33,720
Speaker 1: be finished on time and on budget. We're turning that

1760
01:20:33,800 --> 01:20:37,000
Speaker 1: over January first, and we'll open the building with RedFest

1761
01:20:37,160 --> 01:20:41,320
Speaker 1: on January sixteenth. So we're really excited about the trajectory

1762
01:20:41,360 --> 01:20:43,839
Speaker 1: that we're on and where we're headed as a community.

1763
01:20:43,880 --> 01:20:47,080
Speaker 1: This is I believe, a generational investment in the southwest

1764
01:20:47,120 --> 01:20:48,680
Speaker 1: corner of our downtown that I think is going to

1765
01:20:48,680 --> 01:20:49,760
Speaker 1: have ripple effects.

1766
01:20:49,439 --> 01:20:50,160
Speaker 9: For the whole region.

1767
01:20:50,640 --> 01:20:53,680
Speaker 1: We're going to be able to attract bigger events, bigger conventions,

1768
01:20:54,200 --> 01:20:56,160
Speaker 1: and everybody is going to reap the benefits of that,

1769
01:20:56,200 --> 01:20:58,840
Speaker 1: whether you're a small business in the Fountain district or

1770
01:20:58,880 --> 01:21:02,479
Speaker 1: in the surrounding area. I think everybody ultimately is going

1771
01:21:02,520 --> 01:21:05,560
Speaker 1: to be uplifted by this investment that everybody is collectively

1772
01:21:05,560 --> 01:21:06,519
Speaker 1: making it in the community.

1773
01:21:06,600 --> 01:21:10,880
Speaker 3: Will we do an arena next? Is that priority that.

1774
01:21:11,120 --> 01:21:12,599
Speaker 9: Is not on our radar currently.

1775
01:21:12,640 --> 01:21:14,719
Speaker 1: I know there's a lot of conversation about the arena,

1776
01:21:15,600 --> 01:21:18,679
Speaker 1: and so it's something that that continues to be out

1777
01:21:18,720 --> 01:21:22,160
Speaker 1: there and be discussed. We have not been formally engaged

1778
01:21:22,200 --> 01:21:26,160
Speaker 1: on that yet, so we're hearing those conversations and right

1779
01:21:26,200 --> 01:21:28,800
Speaker 1: now our focus is really on getting this hotel built,

1780
01:21:28,880 --> 01:21:31,120
Speaker 1: finishing up the convention center, and then we also have

1781
01:21:31,200 --> 01:21:33,679
Speaker 1: some great things going on in northern over the Rhine

1782
01:21:34,120 --> 01:21:36,240
Speaker 1: with the new find the Community Center that we're building

1783
01:21:36,280 --> 01:21:38,959
Speaker 1: and renovating the old OTR Rec Center and the Crossroad

1784
01:21:38,960 --> 01:21:41,120
Speaker 1: Health Center. So we have a lot on our plate

1785
01:21:41,160 --> 01:21:42,640
Speaker 1: that we're working on. I know that there are a

1786
01:21:42,720 --> 01:21:45,599
Speaker 1: lot of great minds thinking about how to move forward

1787
01:21:45,640 --> 01:21:45,880
Speaker 1: on that.

1788
01:21:45,840 --> 01:21:47,400
Speaker 2: Arena as well as should be. And then you get

1789
01:21:47,400 --> 01:21:49,680
Speaker 2: three c DC you Joe Rudemeller. Of course, you know,

1790
01:21:50,040 --> 01:21:52,599
Speaker 2: you start slapping head, cracking heads, make this thing happen.

1791
01:21:52,640 --> 01:21:55,280
Speaker 2: Let's get this done exactly. Let's go, let's let's off

1792
01:21:55,439 --> 01:21:59,880
Speaker 2: and go here, Joe Rudemeller. Three got your maade out

1793
01:21:59,880 --> 01:22:01,720
Speaker 2: to be a mobster or something like that. All right,

1794
01:22:01,760 --> 01:22:03,840
Speaker 2: tough guy, We got to get going. Thanks again, buddy.

1795
01:22:03,840 --> 01:22:04,479
Speaker 2: I appreciate you.

1796
01:22:05,280 --> 01:22:06,519
Speaker 9: Thanks well, I appreciate you hiting me on.

1797
01:22:06,600 --> 01:22:09,120
Speaker 2: Yes, sir, take care. We gotta get a news update in. Yeah,

1798
01:22:09,479 --> 01:22:10,240
Speaker 2: you're gonna get people.

1799
01:22:10,400 --> 01:22:10,559
Speaker 8: Now.

1800
01:22:10,560 --> 01:22:12,559
Speaker 3: There are another tax and then he said it wasn't

1801
01:22:12,560 --> 01:22:14,280
Speaker 3: a tip of fee. It's a tax. Let's call it

1802
01:22:14,280 --> 01:22:14,680
Speaker 3: what it is.

1803
01:22:14,720 --> 01:22:17,280
Speaker 2: But you know, if you're feeling that at that level

1804
01:22:17,320 --> 01:22:19,920
Speaker 2: of restaurant, you probably shouldn't be eating there. And the

1805
01:22:19,920 --> 01:22:22,080
Speaker 2: restaurants are good with it. I'm sure their clientele will

1806
01:22:22,080 --> 01:22:23,479
Speaker 2: be good with it. And a lot out of towners

1807
01:22:23,479 --> 01:22:25,560
Speaker 2: are gonna pay for our sins as it should be.

1808
01:22:25,600 --> 01:22:28,120
Speaker 2: That's the American way. After all, sloany seven hundred ww.

1809
01:22:28,920 --> 01:22:32,240
Speaker 1: Time to talk about money, how to make it, how

1810
01:22:32,280 --> 01:22:35,759
Speaker 1: did keep it, and how to keep others off your stack.

1811
01:22:39,439 --> 01:22:41,960
Speaker 3: This is all worth advice with Andy Shaeffer.

1812
01:22:42,360 --> 01:22:45,040
Speaker 2: Money never sleeps, but Andy Shaeffer he likes to get

1813
01:22:45,040 --> 01:22:46,759
Speaker 2: a good nine hours, nine ten hours.

1814
01:22:46,800 --> 01:22:48,160
Speaker 3: Andy, how you doing, brother.

1815
01:22:48,160 --> 01:22:48,559
Speaker 10: I'm good.

1816
01:22:48,560 --> 01:22:50,160
Speaker 3: I got nine hours last tear? Did you get your

1817
01:22:50,240 --> 01:22:54,000
Speaker 3: nine hours? Yeah? Hey, Money's gonna stay awake. I don't

1818
01:22:54,000 --> 01:22:56,560
Speaker 3: need to stay awake. You guys, you got to watch.

1819
01:22:57,160 --> 01:23:00,120
Speaker 2: All right, So let's jump into this holiday season. And

1820
01:23:00,120 --> 01:23:02,599
Speaker 2: then we saw some of the post government shutdown data

1821
01:23:02,600 --> 01:23:04,760
Speaker 2: coming into outdated obviously a little bit there too, but

1822
01:23:05,400 --> 01:23:07,720
Speaker 2: starting to understand a little bit more with each passing day,

1823
01:23:07,760 --> 01:23:10,639
Speaker 2: the positioning and the impact on the Federal Reserve certainly

1824
01:23:10,680 --> 01:23:11,519
Speaker 2: laid out for us.

1825
01:23:11,800 --> 01:23:13,960
Speaker 10: Yeah, and I think it is important to understand that

1826
01:23:14,000 --> 01:23:16,040
Speaker 10: it does have an impact on the economy and the

1827
01:23:16,080 --> 01:23:18,160
Speaker 10: Federal Reserve for them to be able to make smart

1828
01:23:18,200 --> 01:23:21,400
Speaker 10: decisions moving into December. And so we did get some

1829
01:23:21,479 --> 01:23:24,960
Speaker 10: delayed September retail sales numbers and it showed spending was

1830
01:23:25,040 --> 01:23:27,200
Speaker 10: up point two percent, but we had a point six

1831
01:23:27,240 --> 01:23:30,640
Speaker 10: percent gain back in August now, you know, if you

1832
01:23:30,720 --> 01:23:34,519
Speaker 10: take out auto sales and gas, that was really pretty flat.

1833
01:23:34,920 --> 01:23:37,920
Speaker 10: But the softists came after a strong summer, and it

1834
01:23:37,960 --> 01:23:40,519
Speaker 10: appears to me like it's more of a reversion than

1835
01:23:40,520 --> 01:23:44,120
Speaker 10: a collapse. And so that data is starting to soften

1836
01:23:44,160 --> 01:23:47,120
Speaker 10: a little bit now. The producer price index that showed

1837
01:23:47,120 --> 01:23:50,120
Speaker 10: an increase of about point three percent, that kind of

1838
01:23:50,160 --> 01:23:53,280
Speaker 10: matched what economists were already feeling like the numbers would

1839
01:23:53,320 --> 01:23:57,120
Speaker 10: come in at. And so I think that those costs

1840
01:23:57,120 --> 01:24:00,759
Speaker 10: have been contained enough for the Fed keep the December

1841
01:24:00,800 --> 01:24:01,679
Speaker 10: rate cut on the table.

1842
01:24:02,880 --> 01:24:05,479
Speaker 2: All right, So yet another rate coming up, rate cut

1843
01:24:05,560 --> 01:24:07,800
Speaker 2: coming up this month? When is that exactly what?

1844
01:24:09,080 --> 01:24:11,400
Speaker 10: It's early December? I can't remember the exact day, Maybe

1845
01:24:11,400 --> 01:24:12,320
Speaker 10: the twelfth.

1846
01:24:12,080 --> 01:24:14,479
Speaker 2: Okay, so another morethly week or so week and a half,

1847
01:24:15,200 --> 01:24:16,920
Speaker 2: all right, So we looked at all as at the

1848
01:24:17,000 --> 01:24:20,400
Speaker 2: jobless claims felled, the consumer confidence slip though, so it's

1849
01:24:20,439 --> 01:24:22,040
Speaker 2: like conflicting information here.

1850
01:24:22,320 --> 01:24:24,320
Speaker 10: Yeah, and sometimes that can be good, you know. So

1851
01:24:24,479 --> 01:24:26,840
Speaker 10: we did see the jobless claims fall to about two

1852
01:24:26,960 --> 01:24:29,559
Speaker 10: hundred and sixteen thousand, that was the lowest since April.

1853
01:24:29,600 --> 01:24:31,400
Speaker 10: And so you know that tells you on the surface,

1854
01:24:31,840 --> 01:24:33,320
Speaker 10: all right, Well, you know, and a lot of people

1855
01:24:33,360 --> 01:24:35,280
Speaker 10: weren't really losing their job, and this is kind of

1856
01:24:35,280 --> 01:24:36,880
Speaker 10: more of the same of what we've been talking about.

1857
01:24:36,920 --> 01:24:40,400
Speaker 10: But what we've seen or continuing claims continue to move higher.

1858
01:24:40,479 --> 01:24:44,560
Speaker 10: So if you're out of work and you've been collecting unemployment,

1859
01:24:45,720 --> 01:24:48,320
Speaker 10: you know, that's still continuing on and that's kind of

1860
01:24:48,320 --> 01:24:50,120
Speaker 10: been at the top of the recent range. And so

1861
01:24:50,680 --> 01:24:55,040
Speaker 10: there's a stable labor market right now that's losing some momentum.

1862
01:24:55,120 --> 01:24:57,839
Speaker 10: Consumer confidence, you know, we always watch that very closely.

1863
01:24:57,880 --> 01:25:00,160
Speaker 10: It's slipped to eighty eight point seven in November. That's

1864
01:25:00,160 --> 01:25:05,559
Speaker 10: its weakest reading since April. Households basically cited inflation, tariffs,

1865
01:25:05,600 --> 01:25:09,000
Speaker 10: and politics as concerns. And so I think, you know,

1866
01:25:09,120 --> 01:25:11,320
Speaker 10: in a nutshell, what we're what we're talking about to

1867
01:25:11,360 --> 01:25:15,000
Speaker 10: summarize is that I think the economy is steadying, but

1868
01:25:15,600 --> 01:25:19,240
Speaker 10: the momentum is starting to moderate to some degree. Growth

1869
01:25:19,280 --> 01:25:22,200
Speaker 10: is still intact, but the edges are softening enough to

1870
01:25:22,240 --> 01:25:25,200
Speaker 10: reinforce the FED shift towards easing this month.

1871
01:25:25,160 --> 01:25:28,800
Speaker 2: Right which is a cut because let's face it, those

1872
01:25:28,920 --> 01:25:33,040
Speaker 2: lower income end credit use is rising, discretionary spending is fading.

1873
01:25:33,120 --> 01:25:35,320
Speaker 2: That's reflecting about the consumer conference numbers.

1874
01:25:35,640 --> 01:25:37,800
Speaker 10: Yeah, and that's right. And one of the interesting things

1875
01:25:37,800 --> 01:25:40,759
Speaker 10: that we're going to get fairly soon is the Fed's

1876
01:25:40,840 --> 01:25:43,160
Speaker 10: Beige Book and you might hear that terminology, and it's

1877
01:25:43,240 --> 01:25:46,000
Speaker 10: very interesting to me. And essentially what the Beige book is,

1878
01:25:46,000 --> 01:25:50,240
Speaker 10: it's it's what we consider antidotal evidence of economic activity

1879
01:25:50,439 --> 01:25:53,040
Speaker 10: across the FED twelve district. Now, the closest one to

1880
01:25:53,160 --> 01:25:56,360
Speaker 10: us is up in Cleveland. Cincinnati actually has a Cleveland

1881
01:25:56,360 --> 01:25:59,759
Speaker 10: branch here downtown, so that's pretty neat. But the Fed's

1882
01:25:59,800 --> 01:26:04,000
Speaker 10: base book is more of a qualitative analysis versus quantitative,

1883
01:26:04,040 --> 01:26:07,360
Speaker 10: and what that means is that it's it's more an

1884
01:26:07,439 --> 01:26:10,880
Speaker 10: understanding of concepts and experience. As you know, they do

1885
01:26:10,960 --> 01:26:14,439
Speaker 10: interviews and observations and the FED twelve districts get together

1886
01:26:14,479 --> 01:26:17,240
Speaker 10: and discuss it. So it's more about you know, momentum,

1887
01:26:17,240 --> 01:26:20,000
Speaker 10: emotion and things like that. But it is very important

1888
01:26:20,000 --> 01:26:22,360
Speaker 10: to the FED in order for them to make a

1889
01:26:22,360 --> 01:26:24,920
Speaker 10: good decision about where we are as far as labor

1890
01:26:24,920 --> 01:26:27,360
Speaker 10: market is concerned. And you know, right now, what we're

1891
01:26:27,360 --> 01:26:30,200
Speaker 10: getting back from these districts is that we're we're seeing

1892
01:26:30,240 --> 01:26:32,679
Speaker 10: a little bit weaker hiring and in some cooler wage growth.

1893
01:26:32,760 --> 01:26:38,160
Speaker 10: So you know, again, sometimes news that's not super bad

1894
01:26:38,200 --> 01:26:40,960
Speaker 10: but kind of cooling can help us and help the

1895
01:26:41,000 --> 01:26:44,120
Speaker 10: FED be a little bit more confidence in cutting rates

1896
01:26:44,920 --> 01:26:47,320
Speaker 10: moving forward, which will you know, we'll obviously help our

1897
01:26:47,400 --> 01:26:47,880
Speaker 10: labor market.

1898
01:26:48,000 --> 01:26:48,200
Speaker 6: Yeah.

1899
01:26:48,200 --> 01:26:49,800
Speaker 2: The FED seems they have a lot of meetings that

1900
01:26:49,960 --> 01:26:51,240
Speaker 2: big on meetings, aren't they.

1901
01:26:51,400 --> 01:26:54,200
Speaker 3: Yeah, they like to meet they like me, they like Catholics.

1902
01:26:54,160 --> 01:26:58,439
Speaker 10: Yeah, yeah, yeah, And I think, well then they also

1903
01:26:58,520 --> 01:27:00,280
Speaker 10: like to talk about their meetings. And the thing about

1904
01:27:00,320 --> 01:27:02,840
Speaker 10: it is is I think there's some politics at play.

1905
01:27:02,920 --> 01:27:06,639
Speaker 10: You know, obviously the FED is an independent organization outside

1906
01:27:06,640 --> 01:27:09,519
Speaker 10: of politics, but you have two separate factions within the FED.

1907
01:27:09,560 --> 01:27:12,280
Speaker 10: You have some that want to make sure that inflation

1908
01:27:12,400 --> 01:27:14,639
Speaker 10: gets very under control to try to reach their two

1909
01:27:14,680 --> 01:27:17,760
Speaker 10: percent target. You know, we're somewhere around three percent at

1910
01:27:17,800 --> 01:27:19,800
Speaker 10: this point. And then you have others that say, hey,

1911
01:27:19,840 --> 01:27:22,439
Speaker 10: the momentum is going in the right direction as far

1912
01:27:22,479 --> 01:27:24,599
Speaker 10: as inflation, we're not seeing it heat up, and they

1913
01:27:24,640 --> 01:27:28,320
Speaker 10: want to, you know, start cutting rates and start piling

1914
01:27:28,360 --> 01:27:31,120
Speaker 10: momentum into our economy. And so you have these two

1915
01:27:31,120 --> 01:27:33,519
Speaker 10: different factions that are kind of, you know, always at

1916
01:27:33,520 --> 01:27:35,639
Speaker 10: each other's throats, and they get up and they stop

1917
01:27:35,680 --> 01:27:37,599
Speaker 10: about it and they talk about why their opinion is,

1918
01:27:37,640 --> 01:27:40,200
Speaker 10: you know, super important, and how smart they are, and

1919
01:27:40,280 --> 01:27:41,800
Speaker 10: so we get a lot of them every week.

1920
01:27:41,880 --> 01:27:43,559
Speaker 9: We actually have one coming up tomorrow.

1921
01:27:43,960 --> 01:27:46,000
Speaker 3: Okay, another meeting. You gotta love the meetings.

1922
01:27:47,479 --> 01:27:50,240
Speaker 2: Speaking the consumer confidence end and spending because we're in

1923
01:27:50,280 --> 01:27:52,240
Speaker 2: the holiday season right now. We just had Black Friday,

1924
01:27:52,280 --> 01:27:53,799
Speaker 2: so we're in the thick of it as we speak.

1925
01:27:54,400 --> 01:27:56,880
Speaker 2: I saw some interesting, sobering numbers for that matter. Younger

1926
01:27:56,920 --> 01:28:00,600
Speaker 2: consumers cutting back on holiday spending, you know, Gen Millennials,

1927
01:28:01,040 --> 01:28:05,240
Speaker 2: Gen Axors, gen Zers not so much. But baby boomers,

1928
01:28:05,280 --> 01:28:07,880
Speaker 2: the older I guess over thirty crowd is spending money.

1929
01:28:07,880 --> 01:28:11,080
Speaker 2: But the college educated twenty some things, the kind of

1930
01:28:11,080 --> 01:28:14,160
Speaker 2: shoppers who traditionally have had the most spending power are

1931
01:28:14,200 --> 01:28:16,840
Speaker 2: taking a hit this year because I'm guessing student loan

1932
01:28:16,880 --> 01:28:20,000
Speaker 2: costs rising, restaurants, meals, groceries, all that stuff.

1933
01:28:20,439 --> 01:28:22,320
Speaker 10: Yeah, and I think some of it has to do

1934
01:28:22,800 --> 01:28:27,320
Speaker 10: with just general demographics and your upbringing and Christmas experiences

1935
01:28:27,320 --> 01:28:29,200
Speaker 10: and things like that. But another thing is going back

1936
01:28:29,240 --> 01:28:31,320
Speaker 10: to the labor market. You know, when we're talking about

1937
01:28:32,120 --> 01:28:35,000
Speaker 10: the labor force and the participation rate and things like that,

1938
01:28:35,760 --> 01:28:38,760
Speaker 10: for millennials and Gen Zers, it's still hard to find

1939
01:28:38,800 --> 01:28:41,479
Speaker 10: a job, it's still hard to find an entry level position,

1940
01:28:41,520 --> 01:28:43,400
Speaker 10: it's still hard to get your foot in the door.

1941
01:28:43,520 --> 01:28:46,519
Speaker 10: So there's a lot of uncertainty there. And I think,

1942
01:28:46,640 --> 01:28:50,160
Speaker 10: you know, with that demographic, who have surprisingly been shown

1943
01:28:50,240 --> 01:28:54,200
Speaker 10: to be pretty decent savers and fairly responsible with their finances,

1944
01:28:54,640 --> 01:28:56,840
Speaker 10: a lot of them are hesitant to start spending money

1945
01:28:56,880 --> 01:29:00,640
Speaker 10: when they're uncertainty within the labor market can be a

1946
01:29:00,720 --> 01:29:03,439
Speaker 10: challenge for them. And so it doesn't necessarily mean that

1947
01:29:03,479 --> 01:29:06,040
Speaker 10: they don't have the ability to earn a wage or

1948
01:29:06,439 --> 01:29:08,439
Speaker 10: that they don't have any savings. I think it's more

1949
01:29:08,439 --> 01:29:12,559
Speaker 10: of a cautious approach and one that I admire with

1950
01:29:12,600 --> 01:29:15,120
Speaker 10: that that demographic. And I think, you know, you know,

1951
01:29:15,160 --> 01:29:17,120
Speaker 10: and Christmases that I see with my clients. You know,

1952
01:29:17,120 --> 01:29:18,919
Speaker 10: I have clients that are in their sixties and seventies

1953
01:29:18,960 --> 01:29:21,040
Speaker 10: and they're spending all conds of money on Christmas. Well,

1954
01:29:21,080 --> 01:29:23,160
Speaker 10: their kids aren't really that much, you know, they might

1955
01:29:23,200 --> 01:29:26,280
Speaker 10: be the kids might be getting you know, full Christmases,

1956
01:29:26,360 --> 01:29:27,960
Speaker 10: and then the kids in turn, you know, get their

1957
01:29:28,000 --> 01:29:30,519
Speaker 10: parents so shovel and so that might be the extent

1958
01:29:30,560 --> 01:29:30,800
Speaker 10: of it.

1959
01:29:31,120 --> 01:29:33,960
Speaker 2: Yeah, yeah, I mean you kind of remember being younger

1960
01:29:34,040 --> 01:29:35,599
Speaker 2: than in twenties and you didn't have that much money

1961
01:29:35,600 --> 01:29:38,760
Speaker 2: to begin with, but especially our this generation. Uh and

1962
01:29:38,760 --> 01:29:40,320
Speaker 2: another element of this thing too, And I know if

1963
01:29:40,360 --> 01:29:43,720
Speaker 2: you saw this a new you know because credit card

1964
01:29:43,800 --> 01:29:46,160
Speaker 2: dat is is it an all time high? I don't know

1965
01:29:46,200 --> 01:29:46,800
Speaker 2: if it's Is it.

1966
01:29:46,760 --> 01:29:47,439
Speaker 3: All time now?

1967
01:29:47,479 --> 01:29:48,040
Speaker 5: And did I read that?

1968
01:29:48,400 --> 01:29:50,040
Speaker 2: I mean it's up there, it's it, It's not all

1969
01:29:50,040 --> 01:29:53,559
Speaker 2: the time, it's near there read out something called deferred Interesting.

1970
01:29:53,640 --> 01:29:54,160
Speaker 3: Familiar with this?

1971
01:29:54,560 --> 01:29:54,720
Speaker 5: No?

1972
01:29:55,000 --> 01:29:59,320
Speaker 2: Okay, so they're they're and this is kind of scary too.

1973
01:29:59,400 --> 01:30:02,320
Speaker 2: So the deal is is it's different interest. So typically

1974
01:30:02,320 --> 01:30:04,760
Speaker 2: what happens is you buy a big purchase and you

1975
01:30:04,800 --> 01:30:07,400
Speaker 2: do it on a sort of credit card. The retailer

1976
01:30:07,560 --> 01:30:09,680
Speaker 2: is going to charge no interest if you pay off

1977
01:30:09,720 --> 01:30:12,200
Speaker 2: the balance with the set timeframe. And of course what

1978
01:30:12,280 --> 01:30:14,839
Speaker 2: winds up happening they're banking on is at some point

1979
01:30:15,439 --> 01:30:17,280
Speaker 2: you can't make the payment or you can't pay the

1980
01:30:17,400 --> 01:30:20,519
Speaker 2: entire sum, the promotional clock runs out, and now you're

1981
01:30:20,520 --> 01:30:22,519
Speaker 2: on the hook for like a thirty percent APR.

1982
01:30:23,080 --> 01:30:26,080
Speaker 10: Yeah, yeah, that's and that's more of you know, when

1983
01:30:26,080 --> 01:30:28,679
Speaker 10: you have these these lenders that are kind of sharking

1984
01:30:28,680 --> 01:30:31,640
Speaker 10: with these big interest rates and these layaway programs and

1985
01:30:31,680 --> 01:30:34,080
Speaker 10: things like that. There has to be something in it

1986
01:30:34,120 --> 01:30:37,000
Speaker 10: for the organization that's offering the zero percent interest, and

1987
01:30:37,040 --> 01:30:39,160
Speaker 10: they have a team of actuaries that are running the

1988
01:30:39,200 --> 01:30:42,280
Speaker 10: numbers and say, hey, the probability if somebody needs or

1989
01:30:42,320 --> 01:30:45,120
Speaker 10: is looking for that zero percent interest they always have

1990
01:30:45,160 --> 01:30:46,639
Speaker 10: in the back of their mind, well, I'll be able

1991
01:30:46,640 --> 01:30:48,519
Speaker 10: to pay it off. You know by the time that

1992
01:30:48,560 --> 01:30:50,880
Speaker 10: interest kicks in. Well, most of the time that never

1993
01:30:50,960 --> 01:30:53,439
Speaker 10: really happens. And that's been my experience with a lot

1994
01:30:53,439 --> 01:30:55,639
Speaker 10: of people where they say, you know, we were talking

1995
01:30:55,680 --> 01:30:59,240
Speaker 10: not too long ago about a fifty year mortgage, right,

1996
01:30:59,320 --> 01:31:03,040
Speaker 10: and so if you don't have the ability to afford

1997
01:31:03,200 --> 01:31:05,840
Speaker 10: that particular good, yes it might be an entry for

1998
01:31:05,920 --> 01:31:09,160
Speaker 10: you to have that particular product, but maybe you can't

1999
01:31:09,160 --> 01:31:11,720
Speaker 10: really afford it. And in a lot of times, you know,

2000
01:31:11,920 --> 01:31:14,240
Speaker 10: those rates will start to kick in, and those companies

2001
01:31:14,240 --> 01:31:16,240
Speaker 10: are backing on it because they're in the business of

2002
01:31:16,280 --> 01:31:19,759
Speaker 10: making money and rewarding their shareholders, not in providing favors

2003
01:31:19,800 --> 01:31:22,120
Speaker 10: for the consumer. So I would be very careful if

2004
01:31:22,120 --> 01:31:24,880
Speaker 10: you try to get in some type of agreement with that.

2005
01:31:25,520 --> 01:31:27,560
Speaker 10: That's new to me, but it doesn't surprise it. It

2006
01:31:27,560 --> 01:31:28,240
Speaker 10: doesn't surprise me.

2007
01:31:28,240 --> 01:31:29,840
Speaker 2: Now always looking for a new vehicle to try and

2008
01:31:30,400 --> 01:31:32,800
Speaker 2: buy stuff that they can't afford. Right, it's the America way,

2009
01:31:33,040 --> 01:31:35,160
Speaker 2: but even American, I mean, we have a we have

2010
01:31:35,200 --> 01:31:38,639
Speaker 2: a breaking point too. I noticed similarly that American car buyer,

2011
01:31:39,080 --> 01:31:40,920
Speaker 2: we're starting to draw the line on what we're going

2012
01:31:40,960 --> 01:31:43,760
Speaker 2: to pay for a new car. We've seen prime car

2013
01:31:43,840 --> 01:31:47,000
Speaker 2: prices since COVID certainly go through the roof literally, and

2014
01:31:47,320 --> 01:31:49,720
Speaker 2: now Americans are like, Okay, it's starting to cool off

2015
01:31:49,720 --> 01:31:53,240
Speaker 2: a little bit. And it's a signal to the Big

2016
01:31:53,280 --> 01:31:56,720
Speaker 2: three and of course global companies to start figuring out

2017
01:31:56,720 --> 01:31:57,920
Speaker 2: ways to get that cost down.

2018
01:31:58,280 --> 01:31:58,479
Speaker 9: Yeah.

2019
01:31:58,520 --> 01:32:00,320
Speaker 10: And I think people are starting to realize is that

2020
01:32:00,400 --> 01:32:04,200
Speaker 10: the expensive items like cars is starting to become astronomical

2021
01:32:04,200 --> 01:32:06,320
Speaker 10: and maybe not even affordable. I had a call with

2022
01:32:06,360 --> 01:32:09,040
Speaker 10: one of my clients yesterday. She's in her late seventies

2023
01:32:09,080 --> 01:32:12,120
Speaker 10: and she's a widow, and she's had a Toyota Corolla

2024
01:32:12,200 --> 01:32:14,000
Speaker 10: for the last eight years and it only had eighty

2025
01:32:14,040 --> 01:32:16,439
Speaker 10: thousand miles on it. Well, she wanted to give that

2026
01:32:16,600 --> 01:32:19,840
Speaker 10: to her granddaughter. Their family had a hard time finding

2027
01:32:19,880 --> 01:32:22,880
Speaker 10: a car that was affordable for a teenager and so

2028
01:32:22,920 --> 01:32:24,519
Speaker 10: she said, you know, I think I'll go ahead and

2029
01:32:24,520 --> 01:32:26,519
Speaker 10: give her this car, and I'll go out and look

2030
01:32:26,560 --> 01:32:28,240
Speaker 10: for a new one for me, because I haven't had

2031
01:32:28,280 --> 01:32:30,080
Speaker 10: a new one in the bells and whistles, you know,

2032
01:32:30,200 --> 01:32:32,439
Speaker 10: might be nice. Well, you know, I had a conversation

2033
01:32:32,520 --> 01:32:35,000
Speaker 10: with her yesterday. She said, Andy, most cars are thirty

2034
01:32:35,000 --> 01:32:37,160
Speaker 10: thousand dollars or more. She's like, I'm not sure I'm

2035
01:32:37,160 --> 01:32:38,920
Speaker 10: prepared to be able to spend that kind of money

2036
01:32:39,400 --> 01:32:41,360
Speaker 10: on a new car. Now she can afford it. But

2037
01:32:41,800 --> 01:32:46,400
Speaker 10: I think the lesson here is that consumers, particularly mature consumers,

2038
01:32:46,760 --> 01:32:49,160
Speaker 10: are being a little bit more discreet and a little

2039
01:32:49,160 --> 01:32:51,559
Speaker 10: bit more frugal with their money and being smarter about

2040
01:32:51,600 --> 01:32:53,320
Speaker 10: what they spend their money on. And I see that

2041
01:32:53,400 --> 01:32:56,400
Speaker 10: a trend firsthand every day when I meet with my client.

2042
01:32:56,479 --> 01:32:57,760
Speaker 10: So I think there's a lot of legs to that.

2043
01:32:57,960 --> 01:33:00,880
Speaker 2: Yeah, okay, And that's again the consumers thing, because some

2044
01:33:00,960 --> 01:33:03,120
Speaker 2: consumer confidence taking a little bit of a hit, But

2045
01:33:03,200 --> 01:33:04,600
Speaker 2: in the end it's all balancing out. A lot of

2046
01:33:04,640 --> 01:33:07,559
Speaker 2: this of course, seeing even more chirp this week about

2047
01:33:08,000 --> 01:33:11,960
Speaker 2: artificial intelligence spending spree, and it's all over inflated, and

2048
01:33:12,760 --> 01:33:16,800
Speaker 2: but it's balancing out tariffs and sense that some are

2049
01:33:16,880 --> 01:33:21,000
Speaker 2: revising their growth predictions experts like yourself predicting upward trend

2050
01:33:21,000 --> 01:33:23,080
Speaker 2: as opposed to a negative one with the tariffs. So

2051
01:33:23,320 --> 01:33:24,759
Speaker 2: how much of that is driven by the AI?

2052
01:33:25,880 --> 01:33:27,439
Speaker 10: A lot of a lot of it. And I think

2053
01:33:27,479 --> 01:33:29,760
Speaker 10: you know, as we've discussed in the past, you know

2054
01:33:30,040 --> 01:33:32,599
Speaker 10: AR is here to stay. It's a revolution. I believe

2055
01:33:32,600 --> 01:33:34,280
Speaker 10: in it. I use it in my job. I think

2056
01:33:34,280 --> 01:33:37,840
Speaker 10: if you work for an organization that is not implementing it,

2057
01:33:37,920 --> 01:33:39,920
Speaker 10: you're going to get left in the dust. It's a

2058
01:33:39,960 --> 01:33:43,360
Speaker 10: part of everyday life. Most everybody uses it in some capacity.

2059
01:33:43,400 --> 01:33:45,400
Speaker 10: You might not even realize it. You know, when you're

2060
01:33:45,439 --> 01:33:47,720
Speaker 10: typing any email, when it finishes your sentence, that is

2061
01:33:47,760 --> 01:33:50,080
Speaker 10: a form of AI. And it's only going to start

2062
01:33:50,120 --> 01:33:52,280
Speaker 10: to get more and more profound, and it's going to

2063
01:33:52,360 --> 01:33:54,799
Speaker 10: be start to be more and more of our daily lives.

2064
01:33:55,000 --> 01:33:57,280
Speaker 10: And with any business, when you start a business, or

2065
01:33:57,439 --> 01:33:59,680
Speaker 10: if you get into some type of industry, a lot

2066
01:33:59,680 --> 01:34:01,400
Speaker 10: of time it can take a couple of years before

2067
01:34:01,400 --> 01:34:05,120
Speaker 10: you actually become profitable. So it's more about the guidance

2068
01:34:05,160 --> 01:34:07,439
Speaker 10: that we get from these companies and the outlook that

2069
01:34:07,479 --> 01:34:09,600
Speaker 10: we have for these companies. And not only you know,

2070
01:34:09,640 --> 01:34:13,280
Speaker 10: with a certain product, but with an entire revolution of

2071
01:34:13,320 --> 01:34:16,240
Speaker 10: a way that we go about life. I think most

2072
01:34:16,280 --> 01:34:19,040
Speaker 10: investors are smart to understand that, yes, the price is

2073
01:34:19,080 --> 01:34:22,599
Speaker 10: a little bit inflated. The value might not be there today,

2074
01:34:22,800 --> 01:34:26,280
Speaker 10: but future growth suggests that this is still a good

2075
01:34:26,320 --> 01:34:30,200
Speaker 10: investment because they will eventually start to have significant earnings

2076
01:34:30,320 --> 01:34:32,120
Speaker 10: on top of what they already have today. And so

2077
01:34:32,400 --> 01:34:34,960
Speaker 10: I'm still pro AI. I think you should have it

2078
01:34:35,000 --> 01:34:37,519
Speaker 10: as a part of your portfolio. A lot of times

2079
01:34:37,560 --> 01:34:39,200
Speaker 10: you do and don't even know it. Within your four

2080
01:34:39,240 --> 01:34:41,559
Speaker 10: to one K. It's probably a part of mutual funds.

2081
01:34:41,600 --> 01:34:44,160
Speaker 10: And that's why your accounts have really done so well

2082
01:34:44,160 --> 01:34:46,160
Speaker 10: over the last three years. A lot of it has

2083
01:34:46,200 --> 01:34:47,720
Speaker 10: to do with AI and technology.

2084
01:34:47,800 --> 01:34:48,120
Speaker 3: You know what.

2085
01:34:48,120 --> 01:34:51,400
Speaker 2: This week is the third anniversary of the rollout of

2086
01:34:51,479 --> 01:34:52,920
Speaker 2: chad GPT three years.

2087
01:34:52,960 --> 01:34:55,639
Speaker 3: Only been three years, it feels like it's been longer.

2088
01:34:56,160 --> 01:34:56,400
Speaker 5: It does.

2089
01:34:56,800 --> 01:34:58,880
Speaker 3: It feels like it's been around for ten yeares it does.

2090
01:34:59,000 --> 01:34:59,800
Speaker 3: That's incredible.

2091
01:35:00,040 --> 01:35:02,479
Speaker 10: It is incredible and and and we use that in

2092
01:35:02,520 --> 01:35:05,519
Speaker 10: our daily business. Most people do. My wife does uses

2093
01:35:05,560 --> 01:35:08,559
Speaker 10: it for work, and it helps you draw emails and

2094
01:35:08,680 --> 01:35:10,400
Speaker 10: it gives you a lot of good information. And now

2095
01:35:10,400 --> 01:35:12,800
Speaker 10: when you get on Google, you know, a lot of

2096
01:35:12,840 --> 01:35:15,439
Speaker 10: the information that you're searching comes up first with an

2097
01:35:15,479 --> 01:35:18,760
Speaker 10: AI summary, pulling from a number of different sites to

2098
01:35:18,800 --> 01:35:21,680
Speaker 10: try to summarize in a succinct way the information that

2099
01:35:21,720 --> 01:35:23,960
Speaker 10: you're looking for. So I see it even if I'm

2100
01:35:24,000 --> 01:35:26,880
Speaker 10: just searching something in Google about something that I watched

2101
01:35:26,920 --> 01:35:28,479
Speaker 10: on National Geographic Channel, And.

2102
01:35:28,439 --> 01:35:31,559
Speaker 3: So it's more intelligence is the thing that's right.

2103
01:35:31,360 --> 01:35:33,240
Speaker 10: And I'm and I'm fine with that. You know, we

2104
01:35:33,560 --> 01:35:35,719
Speaker 10: want to keep advancing, we want to become more efficient.

2105
01:35:36,040 --> 01:35:39,880
Speaker 10: We've had other industrial revolutions and technology revolutions where people

2106
01:35:39,920 --> 01:35:43,240
Speaker 10: felt that jobs were going to be lost and and

2107
01:35:43,320 --> 01:35:45,680
Speaker 10: maybe some more. But at the end of the day,

2108
01:35:45,680 --> 01:35:47,719
Speaker 10: it's going to create more opportunity. It's going to create

2109
01:35:47,760 --> 01:35:50,519
Speaker 10: more jobs and different industries for everybody throughout the United

2110
01:35:50,560 --> 01:35:51,519
Speaker 10: States and the rest of the world.

2111
01:35:51,560 --> 01:35:53,479
Speaker 2: All right, real quick, what do you got week ahead here?

2112
01:35:53,520 --> 01:35:54,599
Speaker 2: What indicators you're looking at?

2113
01:35:55,000 --> 01:35:57,800
Speaker 10: Yeah, there's a few, you know, for the most part

2114
01:35:57,840 --> 01:36:00,920
Speaker 10: where we're going to get some back data. The PCE

2115
01:36:01,160 --> 01:36:03,120
Speaker 10: is going to come out Friday. That's the FEDS Preferred

2116
01:36:03,160 --> 01:36:06,759
Speaker 10: Inflation measure, you know, So that's going to be interesting

2117
01:36:06,760 --> 01:36:08,439
Speaker 10: to see what we get from there. We're also going

2118
01:36:08,479 --> 01:36:12,560
Speaker 10: to get job as claims, payroll reports, the ism, manufacturing

2119
01:36:12,600 --> 01:36:16,160
Speaker 10: and service surveys. Those are always interesting, interesting because you know,

2120
01:36:16,200 --> 01:36:19,240
Speaker 10: those are reflections of supply managers and how they feel

2121
01:36:19,240 --> 01:36:21,800
Speaker 10: about their inventories and whether they feel it's you know,

2122
01:36:21,960 --> 01:36:24,479
Speaker 10: gaining momentum or losing momentum. And so those are the

2123
01:36:24,560 --> 01:36:27,240
Speaker 10: things that I'm looking at this week, and so we'll

2124
01:36:27,240 --> 01:36:29,280
Speaker 10: see how it goes, but I do expect that at

2125
01:36:29,280 --> 01:36:31,280
Speaker 10: this point we will probably see a rate cut in

2126
01:36:31,280 --> 01:36:32,120
Speaker 10: the next couple of weeks.

2127
01:36:32,200 --> 01:36:34,840
Speaker 2: Okay, Andy Schaeffer, Allworth Financial Simply Money is the show

2128
01:36:34,840 --> 01:36:36,840
Speaker 2: at airs at six o'clock tonight on fifty five. Care

2129
01:36:36,920 --> 01:36:40,040
Speaker 2: soe you appreciate Andrew, Okay, Seeliers, take care. I'll see

2130
01:36:40,040 --> 01:36:41,599
Speaker 2: you next week and Willie is on the way right

2131
01:36:41,600 --> 01:36:43,439
Speaker 2: after news update here on the home of the best

2132
01:36:43,479 --> 01:36:45,679
Speaker 2: Bengals coverage seven hundred ww since net