1 00:00:01,880 --> 00:00:06,160 Speaker 1: Broadcasting live from the Abraham Lincoln Radio Studio, the George 2 00:00:06,200 --> 00:00:10,760 Speaker 1: Washington Broadcast Center, Jack Armstrong and Joe Getty arm Strong 3 00:00:10,800 --> 00:00:17,239 Speaker 1: and Jetty and he Armstrong and Yetty. 4 00:00:23,800 --> 00:00:27,480 Speaker 2: Moments after President Trump announced his tariffs against Canada, Mexico, 5 00:00:27,560 --> 00:00:31,120 Speaker 2: and China, we saw quite a tumble on the Stock Exchange, 6 00:00:31,120 --> 00:00:34,080 Speaker 2: the now closing down more than six hundred, almost six 7 00:00:34,159 --> 00:00:36,879 Speaker 2: hundred and fifty points as economist sound the alarm that 8 00:00:36,960 --> 00:00:39,479 Speaker 2: these tariffs are going to be passed on to the 9 00:00:39,520 --> 00:00:42,520 Speaker 2: American consumer with the prices of cars, electronics, and shoes 10 00:00:42,560 --> 00:00:44,040 Speaker 2: expected to go up. 11 00:00:44,240 --> 00:00:48,120 Speaker 3: Okay, So midnight last night the twenty five percent tariffs 12 00:00:48,159 --> 00:00:50,280 Speaker 3: on Mexico and Canada took took effect, and then the 13 00:00:50,800 --> 00:00:52,960 Speaker 3: extra tariffs on China, which again, as we kept saying, 14 00:00:53,080 --> 00:00:56,400 Speaker 3: keep saying, is a different topic, a different a different war. 15 00:00:56,840 --> 00:00:58,800 Speaker 3: But first of all, I just went to the vending 16 00:00:58,840 --> 00:01:00,800 Speaker 3: machine to get an avocado like I do every day 17 00:01:00,880 --> 00:01:03,000 Speaker 3: on the show forty seven like an apple. 18 00:01:03,120 --> 00:01:05,600 Speaker 1: Yeah, forty seven dollars for an avocado. 19 00:01:05,720 --> 00:01:08,399 Speaker 3: Because of the terrified last night, I want to, as 20 00:01:08,440 --> 00:01:12,800 Speaker 3: a free speech guy, ban all media outlets from ever 21 00:01:12,959 --> 00:01:16,880 Speaker 3: using the stock market going up or down in an 22 00:01:16,880 --> 00:01:20,840 Speaker 3: hour or a day as evidence of anything. I just 23 00:01:21,080 --> 00:01:23,839 Speaker 3: that's just a ridiculous way to look at anything. Really 24 00:01:24,319 --> 00:01:27,480 Speaker 3: is someone has already your four oh one k's have 25 00:01:27,600 --> 00:01:30,880 Speaker 3: taken a hit because of the or already Americans are 26 00:01:30,920 --> 00:01:34,120 Speaker 3: rejoicing because the stock market has gone. You can't draw 27 00:01:34,240 --> 00:01:37,360 Speaker 3: any conclusions in one day or one hour or one 28 00:01:37,400 --> 00:01:39,080 Speaker 3: afternoon of stock market reactions. 29 00:01:39,080 --> 00:01:39,720 Speaker 1: You just can't. 30 00:01:40,920 --> 00:01:44,319 Speaker 4: The great original sin of that was when Trump was 31 00:01:44,319 --> 00:01:47,240 Speaker 4: first elected and the Trump stock plunge or whatever they 32 00:01:47,240 --> 00:01:49,880 Speaker 4: called it, and had it completely turned around by noon 33 00:01:49,960 --> 00:01:52,680 Speaker 4: the next day. But it's funny they were very busy 34 00:01:52,720 --> 00:01:55,960 Speaker 4: that second day and couldn't report that turnaround. Now, having 35 00:01:56,080 --> 00:01:58,600 Speaker 4: said that, I will tell you this. I think it's important. 36 00:01:58,880 --> 00:02:02,520 Speaker 4: It's an important amble the discussion that will follow. While 37 00:02:02,560 --> 00:02:05,240 Speaker 4: you talk, I'll munch on my forty seven dollars avocado. 38 00:02:05,760 --> 00:02:09,200 Speaker 4: Savor that thing, man, say every bite, roll it around 39 00:02:09,200 --> 00:02:09,799 Speaker 4: in your mush. 40 00:02:10,120 --> 00:02:11,080 Speaker 1: All right, here's the deal. 41 00:02:12,880 --> 00:02:18,920 Speaker 4: We neither cheerlead every single thing Trump does, nor do 42 00:02:19,040 --> 00:02:23,960 Speaker 4: we hammer him for everything he does. Like most of 43 00:02:24,000 --> 00:02:26,560 Speaker 4: the media these days, which are very very tribal, we 44 00:02:26,680 --> 00:02:28,800 Speaker 4: just try to figure out what's actually going on and 45 00:02:28,840 --> 00:02:31,080 Speaker 4: form an idea of how things are going to work 46 00:02:31,120 --> 00:02:33,800 Speaker 4: and affect you in your lives. If you are not 47 00:02:34,160 --> 00:02:37,040 Speaker 4: into that, if you would rather have the aforementioned constant 48 00:02:37,120 --> 00:02:41,760 Speaker 4: bashing or praising, we wish you well certainly in your 49 00:02:41,760 --> 00:02:46,720 Speaker 4: future endeavors. Anyway, Having said that, I want more than 50 00:02:46,800 --> 00:02:50,040 Speaker 4: anything for the economy to be good, of course, for 51 00:02:50,240 --> 00:02:53,760 Speaker 4: my retirement savings to hold up, for inflation to be 52 00:02:53,880 --> 00:02:57,000 Speaker 4: under control, for the housing market to become more normal. 53 00:02:57,040 --> 00:02:57,640 Speaker 1: And the rest of it. 54 00:02:59,440 --> 00:03:04,880 Speaker 4: But I am I'm worried about this tariff thing, especially 55 00:03:04,919 --> 00:03:06,360 Speaker 4: if it lasts for a while. 56 00:03:07,760 --> 00:03:10,200 Speaker 1: It doesn't make sense to me on a lot of levels. 57 00:03:10,720 --> 00:03:15,440 Speaker 4: And as Jack said, the China thing, China engages in 58 00:03:15,520 --> 00:03:21,200 Speaker 4: communist finance, dumping of goods across the globe to try 59 00:03:21,240 --> 00:03:24,880 Speaker 4: to drive global competition unfairly out of business, and then 60 00:03:24,919 --> 00:03:27,840 Speaker 4: they will stand astride the globe as the manufacturing colossus, 61 00:03:27,840 --> 00:03:29,840 Speaker 4: and we will all have to kiss their asses. I 62 00:03:29,919 --> 00:03:32,639 Speaker 4: despise China and the Communist Party. I despise what they're doing. 63 00:03:32,760 --> 00:03:35,240 Speaker 4: There should be stiff tariffs against them. We should uncouple 64 00:03:35,280 --> 00:03:38,400 Speaker 4: from them as quickly as we can. China's over there. 65 00:03:40,000 --> 00:03:46,680 Speaker 4: The Canada Mexico thing, the justification for the high tariffs 66 00:03:46,680 --> 00:03:49,600 Speaker 4: against two of our biggest trading partners and neighbors. Is 67 00:03:49,640 --> 00:03:53,400 Speaker 4: that we have a national emergency. Fentanyl killing six figures 68 00:03:53,440 --> 00:03:57,760 Speaker 4: worth of Americans. That's a pretty good emergency. And immigration, 69 00:03:59,520 --> 00:04:02,520 Speaker 4: millions of people flowing in, sucking up services, many of 70 00:04:02,560 --> 00:04:04,680 Speaker 4: them criminals, lawlessness in general. 71 00:04:04,880 --> 00:04:05,840 Speaker 1: All right, I'll give you that. 72 00:04:06,480 --> 00:04:10,040 Speaker 4: The problem, though, is that the percentage of fentanyl and 73 00:04:10,080 --> 00:04:12,200 Speaker 4: I had these numbers a week ago, but the percentage 74 00:04:12,240 --> 00:04:14,840 Speaker 4: of fentanyl that comes in over the Canadian border is 75 00:04:15,080 --> 00:04:22,120 Speaker 4: practically none of it. And likewise, the illegal immigrants the 76 00:04:22,160 --> 00:04:26,560 Speaker 4: Canadian border is just a tiny, tiny fraction of you know, 77 00:04:26,640 --> 00:04:31,719 Speaker 4: the problem. And the amount of American manufacturing that's flowed 78 00:04:31,760 --> 00:04:35,200 Speaker 4: to Canada after the two big trade deals, the Clinton 79 00:04:35,240 --> 00:04:37,360 Speaker 4: Deal and then when it was updated and Trump negotiated 80 00:04:37,440 --> 00:04:40,440 Speaker 4: blah blah blah. The amount of American manufacturing that's flown 81 00:04:40,440 --> 00:04:44,960 Speaker 4: into Mexico is fairly significant, but to Canada it's practically none. 82 00:04:45,839 --> 00:04:47,440 Speaker 1: So okay. 83 00:04:47,520 --> 00:04:50,600 Speaker 4: So you've got that, and then you've got the fact 84 00:04:50,640 --> 00:04:53,599 Speaker 4: that this will inevitably, and Trump has recently admitted, this 85 00:04:53,800 --> 00:04:57,599 Speaker 4: cause pain in the pocketbook for Americans. It will raise 86 00:04:57,680 --> 00:05:02,000 Speaker 4: prices on a surprising array of things, especially because the 87 00:05:02,000 --> 00:05:05,279 Speaker 4: manufacturers that are still here need steal and aluminum, for instance, 88 00:05:05,560 --> 00:05:09,000 Speaker 4: or a lumber. We're about to start a remodel project, 89 00:05:09,040 --> 00:05:12,400 Speaker 4: and I just see that price taggling up, up, up. 90 00:05:12,440 --> 00:05:15,680 Speaker 4: As you know, Canadian imports get twenty five percent more expensive. 91 00:05:15,960 --> 00:05:19,279 Speaker 4: Maybe I just I think this is a huge gamble 92 00:05:19,880 --> 00:05:22,839 Speaker 4: on one of the two issues that got Trump elected. 93 00:05:23,080 --> 00:05:25,039 Speaker 1: The border doing great, fantastic. 94 00:05:25,200 --> 00:05:27,080 Speaker 4: I mean, they're hiccups, but of course there are going 95 00:05:27,120 --> 00:05:31,320 Speaker 4: to be hiccups and the economy, specifically inflation. And if 96 00:05:31,320 --> 00:05:34,240 Speaker 4: this screws up the economy and inflation, and the good, 97 00:05:34,320 --> 00:05:37,159 Speaker 4: solid working class people of America who've really been struggling 98 00:05:37,160 --> 00:05:40,159 Speaker 4: because globalism has left them behind, if they get hammered 99 00:05:40,200 --> 00:05:42,640 Speaker 4: again by this, it's going to be really really bad 100 00:05:42,680 --> 00:05:43,400 Speaker 4: for Republicans. 101 00:05:44,240 --> 00:05:47,799 Speaker 3: So the President of Mexico, whose name sounds like she's 102 00:05:47,839 --> 00:05:51,479 Speaker 3: the president of the prime Minister of Israel, as opposed 103 00:05:51,480 --> 00:05:54,200 Speaker 3: to the Prime Minister of Great Britain, whose name sounds 104 00:05:54,240 --> 00:05:58,200 Speaker 3: like he's the Prime Minister of Germany, they all. 105 00:05:58,040 --> 00:05:59,680 Speaker 4: Got to get same, Like he's the bad guy in 106 00:05:59,720 --> 00:06:02,360 Speaker 4: a non movie Kirs Starmer. I want everybody to get 107 00:06:02,480 --> 00:06:05,480 Speaker 4: names that sounds like the country they're from just so here. 108 00:06:05,720 --> 00:06:09,840 Speaker 1: For me, it's not at all bigoted. That's fine. Well 109 00:06:09,880 --> 00:06:11,000 Speaker 1: it's been going min and Baum. 110 00:06:11,080 --> 00:06:14,320 Speaker 4: Your new last name is Gomez to make Jack more comfortable. 111 00:06:14,440 --> 00:06:15,960 Speaker 1: Yes, once I. 112 00:06:16,000 --> 00:06:18,400 Speaker 3: Have spent most of my life you can count on 113 00:06:18,400 --> 00:06:19,600 Speaker 3: people's names sounded like. 114 00:06:19,520 --> 00:06:22,400 Speaker 4: The country they're from, folks. This is the ugly American 115 00:06:22,520 --> 00:06:24,120 Speaker 4: that people speak of right here. 116 00:06:26,960 --> 00:06:29,480 Speaker 3: But the president of Mexico has said that there will 117 00:06:29,520 --> 00:06:34,520 Speaker 3: be retaliation from Mexico to these twenty five percent tariffs 118 00:06:34,560 --> 00:06:36,120 Speaker 3: taking effect today. 119 00:06:36,960 --> 00:06:38,600 Speaker 1: I don't know what Justin trud is doing. 120 00:06:38,880 --> 00:06:40,799 Speaker 3: He's probably as soon as he gets out of ballet class, 121 00:06:40,800 --> 00:06:42,760 Speaker 3: he'll probably take a look at how they're going to 122 00:06:42,839 --> 00:06:43,160 Speaker 3: handle it. 123 00:06:43,520 --> 00:06:45,479 Speaker 4: Well, he's getting his hair frosted today, so it's going 124 00:06:45,560 --> 00:06:49,159 Speaker 4: to be at least new until he respond. On the 125 00:06:49,200 --> 00:06:53,960 Speaker 4: other hand, on the other hand, and this bothers me too, 126 00:06:55,520 --> 00:07:01,200 Speaker 4: I love Trump mocking Justin Trudeau. Obviously we're not against 127 00:07:01,200 --> 00:07:06,320 Speaker 4: that around here, but he's gone so hardcore at Canada 128 00:07:06,880 --> 00:07:11,560 Speaker 4: and mocking Canada itself and then the tariffs and very 129 00:07:11,840 --> 00:07:13,520 Speaker 4: you know, declaring it a state and all. 130 00:07:14,080 --> 00:07:16,360 Speaker 1: He is really fired up. 131 00:07:17,480 --> 00:07:24,600 Speaker 4: Canadian patriotism and really really hurt the conservative guy Poliev, 132 00:07:24,960 --> 00:07:28,520 Speaker 4: who was looking so good going into the federal elections 133 00:07:28,520 --> 00:07:30,520 Speaker 4: which are coming up soon. Who knows how the way 134 00:07:30,520 --> 00:07:33,040 Speaker 4: they run elections in Canada, nobody can keep track, but 135 00:07:35,360 --> 00:07:38,240 Speaker 4: one poll show that fourign ten Americans see Polliev and 136 00:07:38,280 --> 00:07:43,320 Speaker 4: Trump is alike in that hurting him. As Canadians increasingly 137 00:07:43,360 --> 00:07:46,960 Speaker 4: associated Poliev to Trump's negative rhetoric aimed at Canada, he 138 00:07:47,080 --> 00:07:51,400 Speaker 4: is undermining. Trump is undermining a switch to sanity and 139 00:07:52,440 --> 00:07:57,320 Speaker 4: toughness in Canada because Canadians are so pissed off about 140 00:07:57,360 --> 00:08:04,960 Speaker 4: what Trump is saying. Interesting, yeah, yeah, might be a miscalculation, 141 00:08:05,080 --> 00:08:05,520 Speaker 4: who knows. 142 00:08:06,000 --> 00:08:07,480 Speaker 1: I found this very interesting. 143 00:08:07,720 --> 00:08:10,000 Speaker 3: You'd hate to see old black face Trudeau's party do 144 00:08:10,080 --> 00:08:10,920 Speaker 3: good just because of that. 145 00:08:12,160 --> 00:08:15,040 Speaker 4: Oh yeah, oh that would be galling. I mean, it's 146 00:08:15,080 --> 00:08:17,480 Speaker 4: their election, they could do whatever they want. But man, 147 00:08:17,560 --> 00:08:20,760 Speaker 4: I was excited about Pauliev having a chance to come in. 148 00:08:21,200 --> 00:08:25,880 Speaker 4: Remember he's the apple munching hard ass. It was you know, 149 00:08:26,040 --> 00:08:28,520 Speaker 4: John with that reporter and one of our favorite clips 150 00:08:28,520 --> 00:08:30,120 Speaker 4: of last year. It's just terrific. 151 00:08:30,920 --> 00:08:31,320 Speaker 1: All right. 152 00:08:31,400 --> 00:08:34,240 Speaker 4: So here's I found this very very interesting. Of course 153 00:08:34,559 --> 00:08:39,440 Speaker 4: I'm a geek. How will the tariffs, if they last, 154 00:08:39,640 --> 00:08:43,880 Speaker 4: actually affect prices in the country, don't want to rush 155 00:08:43,920 --> 00:08:44,240 Speaker 4: through it. 156 00:08:44,559 --> 00:08:46,040 Speaker 1: Why don't we take a break. 157 00:08:46,200 --> 00:08:50,000 Speaker 4: I promise you'll find this interesting too, if you don't 158 00:08:50,320 --> 00:08:52,000 Speaker 4: write a strongly. 159 00:08:51,480 --> 00:08:52,920 Speaker 1: Worded email to us. 160 00:08:53,800 --> 00:08:59,120 Speaker 3: Hey, Jades, looks you like the popes on his way out. 161 00:09:00,080 --> 00:09:04,120 Speaker 4: If they had betting, Like what's the big betting market 162 00:09:04,200 --> 00:09:08,920 Speaker 4: that everybody talks about these days? It's not predicted, it's 163 00:09:09,160 --> 00:09:12,120 Speaker 4: the other one that's like offshore bet on whether the 164 00:09:12,160 --> 00:09:15,160 Speaker 4: pope's gonna die. That seems to say, if you could, 165 00:09:15,520 --> 00:09:19,400 Speaker 4: I don't think that would be a bad wager. Now, 166 00:09:19,400 --> 00:09:21,680 Speaker 4: he's a very old man. He's been fighting ammonia. They're 167 00:09:21,679 --> 00:09:22,640 Speaker 4: helping him breathe. 168 00:09:22,880 --> 00:09:27,960 Speaker 3: Respiratory crisis is yesterday and using a tube proxygen. You know, 169 00:09:28,160 --> 00:09:30,720 Speaker 3: if you got an old relative that age, and you'd 170 00:09:30,800 --> 00:09:32,240 Speaker 3: think I might want to get close. 171 00:09:32,800 --> 00:09:34,880 Speaker 1: Yeah, you're not gonna say, I'll go see him in October. 172 00:09:35,040 --> 00:09:36,439 Speaker 3: So then we're going to go through the whole thing 173 00:09:36,480 --> 00:09:38,360 Speaker 3: with the white smoke and picking a new pope. 174 00:09:38,400 --> 00:09:41,959 Speaker 4: And I'm about as interested in that as I am 175 00:09:42,080 --> 00:09:42,760 Speaker 4: in the oscars. 176 00:09:44,440 --> 00:09:46,880 Speaker 3: Joe's me when it's over, Joe's gonna explain tariffs and 177 00:09:46,920 --> 00:09:48,120 Speaker 3: all that coming up next day. 178 00:09:48,120 --> 00:09:50,880 Speaker 1: Here Barmstrong. 179 00:09:52,040 --> 00:09:54,800 Speaker 5: Tariffs can bring good paying jobs back here to the 180 00:09:54,920 --> 00:09:58,760 Speaker 5: United States of America. They protect critical industries here at home, 181 00:09:59,040 --> 00:10:01,480 Speaker 5: and President Trump is serious when he says he wants 182 00:10:01,480 --> 00:10:04,960 Speaker 5: to make America the manufacturing superpower of the world, and 183 00:10:05,000 --> 00:10:07,000 Speaker 5: we have the ability to do it. We have the 184 00:10:07,040 --> 00:10:10,600 Speaker 5: best resources and the best people, but unfortunately we've been 185 00:10:10,679 --> 00:10:13,120 Speaker 5: ruled by a political class that has sold us out 186 00:10:13,320 --> 00:10:14,320 Speaker 5: for far too long. 187 00:10:14,720 --> 00:10:19,240 Speaker 3: That's the White House press person or spokesperson. On Hannity 188 00:10:19,360 --> 00:10:22,040 Speaker 3: last night with the best spin on the tariffs, Mary 189 00:10:22,120 --> 00:10:25,040 Speaker 3: Catherine Ham, who you regularly see on Fox and has 190 00:10:25,080 --> 00:10:27,840 Speaker 3: pretty Trump friendly, said if it were me and I'd 191 00:10:27,840 --> 00:10:30,520 Speaker 3: inherited a soft economy at best and promise people to 192 00:10:30,559 --> 00:10:33,240 Speaker 3: address their cost of living issues, I wouldn't. 193 00:10:32,840 --> 00:10:35,160 Speaker 1: Do the one giant obvious thing. 194 00:10:35,320 --> 00:10:37,400 Speaker 3: That would risk price hikes and also make it easy 195 00:10:37,440 --> 00:10:38,720 Speaker 3: to pin any outcome on me. 196 00:10:39,480 --> 00:10:39,840 Speaker 1: That's fry. 197 00:10:39,880 --> 00:10:43,280 Speaker 4: I agree with Mary Catherine completely Someone on the right, 198 00:10:43,880 --> 00:10:47,040 Speaker 4: Caroline Levitt in what she said was fifty percent right 199 00:10:47,080 --> 00:10:48,840 Speaker 4: and fifty percent completely wrong. 200 00:10:49,280 --> 00:10:51,480 Speaker 1: But she's there as an advocate and a litigator. 201 00:10:51,520 --> 00:10:55,680 Speaker 4: I get it, but it was way way sunshiny. Just 202 00:10:55,679 --> 00:11:02,400 Speaker 4: to answer her very quickly, there isn't time to seriously 203 00:11:02,720 --> 00:11:05,320 Speaker 4: revive some of the American manufacturing. 204 00:11:05,360 --> 00:11:07,600 Speaker 1: I wish it were more doable in a lot of ways. 205 00:11:07,640 --> 00:11:10,959 Speaker 4: I don't hate the idea, but you just Trump has 206 00:11:10,960 --> 00:11:13,360 Speaker 4: three and a half years left. Unless it's like a 207 00:11:13,480 --> 00:11:17,960 Speaker 4: JD vance gets selected and Congress goes along with this stuff. 208 00:11:19,559 --> 00:11:22,280 Speaker 4: You know, revitalizing American manufacturing is going to take a 209 00:11:22,320 --> 00:11:24,960 Speaker 4: long time, and the idea that will be the manufacturing 210 00:11:25,040 --> 00:11:28,520 Speaker 4: leader of the world, that is completely impossible. Our wages 211 00:11:28,559 --> 00:11:32,160 Speaker 4: are too high, It'll never happen. Can we grow it 212 00:11:32,200 --> 00:11:34,719 Speaker 4: and improve it and step back from globalism? 213 00:11:34,800 --> 00:11:35,680 Speaker 1: Some yes? 214 00:11:35,880 --> 00:11:38,320 Speaker 4: Some Having said that, I thought this is really interesting 215 00:11:38,320 --> 00:11:42,720 Speaker 4: worth getting into. So President Trump is imposing your tariffs 216 00:11:42,800 --> 00:11:45,640 Speaker 4: on a range of products and countries. How much will 217 00:11:45,679 --> 00:11:49,840 Speaker 4: you pay more? What will that do to inflation? The 218 00:11:49,880 --> 00:11:53,640 Speaker 4: answer is not simple, and it's surprisingly hard to answer. 219 00:11:53,720 --> 00:11:56,120 Speaker 4: For example, a ten percent tariff on shoes from China 220 00:11:56,240 --> 00:11:59,559 Speaker 4: would raise their sticker price four percent. Probably wine or 221 00:11:59,600 --> 00:12:01,839 Speaker 4: all of midtly a ten percent tariff would raise it 222 00:12:01,840 --> 00:12:02,680 Speaker 4: about ten percent. 223 00:12:03,320 --> 00:12:06,000 Speaker 1: Why the difference? Tariffs aren't the only factor at work. 224 00:12:06,040 --> 00:12:08,120 Speaker 4: And I'm going to be quoting the Wall Street Journal 225 00:12:08,120 --> 00:12:11,280 Speaker 4: in Moody's that did a big analysis of this currency 226 00:12:11,360 --> 00:12:14,760 Speaker 4: changes the availability of alternatives, and the pricing strategies of 227 00:12:14,800 --> 00:12:17,760 Speaker 4: producers and importers all play a part. All of this 228 00:12:17,880 --> 00:12:20,200 Speaker 4: effects the pass through, which is how much of the 229 00:12:20,240 --> 00:12:25,920 Speaker 4: tariff we pay as consumers. So for this analysis they 230 00:12:25,960 --> 00:12:30,200 Speaker 4: did the twenty five percent on imports from Canada and Mexico, 231 00:12:30,280 --> 00:12:33,480 Speaker 4: ten percent on others, plus the extra tariff on China. 232 00:12:33,679 --> 00:12:36,160 Speaker 1: That's a lot. 233 00:12:36,960 --> 00:12:39,960 Speaker 4: I don't even remember he's piled another ten percent on it. 234 00:12:40,040 --> 00:12:45,600 Speaker 4: But the knockoff effects are sometimes not intuitive. For instance, 235 00:12:45,920 --> 00:12:48,760 Speaker 4: here's an easy one to understand. Moody's analysis suggests a 236 00:12:48,800 --> 00:12:51,800 Speaker 4: ten percent tariff on a tablecloth from India would only 237 00:12:51,880 --> 00:12:55,480 Speaker 4: raise the final price two percent, because you can get 238 00:12:55,480 --> 00:13:00,199 Speaker 4: a tablecloth anywhere. They're more or less the same, manufactured anywhere. 239 00:13:00,240 --> 00:13:03,560 Speaker 4: Nobody cares, particularly where they come from, so they've got 240 00:13:03,640 --> 00:13:07,480 Speaker 4: practically no room to raise prices. The same would probably 241 00:13:07,520 --> 00:13:10,360 Speaker 4: be true of clothes, spare parts and accessories for cars. 242 00:13:10,240 --> 00:13:11,880 Speaker 1: And some common cosmetics. 243 00:13:12,600 --> 00:13:15,520 Speaker 4: Moving on, higher prices on Italian wine don't drive down 244 00:13:15,520 --> 00:13:17,800 Speaker 4: consumption much. If my favorite bottle of wine goes up 245 00:13:17,800 --> 00:13:19,280 Speaker 4: ten percent, I'm gonna buy it anyway. 246 00:13:19,800 --> 00:13:21,199 Speaker 1: Sellers are more. 247 00:13:21,160 --> 00:13:27,080 Speaker 6: Likely, especially as the second third ones, All sellers are 248 00:13:27,160 --> 00:13:29,559 Speaker 6: much more likely to pass through the full ten percent tariff, 249 00:13:29,679 --> 00:13:31,840 Speaker 6: betting they won't lose many consumers as a result. 250 00:13:32,720 --> 00:13:34,640 Speaker 1: So Italian wine. 251 00:13:34,480 --> 00:13:36,400 Speaker 4: Is a niche product accounting for a small share of 252 00:13:36,480 --> 00:13:38,960 Speaker 4: US total wine consumption, so the total impact on wine 253 00:13:38,960 --> 00:13:42,160 Speaker 4: prices is like a third of a percent. But this 254 00:13:42,280 --> 00:13:45,160 Speaker 4: example illustrates how tariff's on one product can raise prices 255 00:13:45,160 --> 00:13:48,839 Speaker 4: throughout that group. A California wine maker would probably nudge 256 00:13:48,880 --> 00:13:52,360 Speaker 4: up her price as well, earning fatter profits. As long 257 00:13:52,400 --> 00:13:55,400 Speaker 4: as her new higher price is lower than the tariff alternative, 258 00:13:55,679 --> 00:13:58,360 Speaker 4: she might pick up some market share and might. 259 00:13:58,200 --> 00:14:01,720 Speaker 1: As well try it. Wow. The wine wholesaler also plays 260 00:14:01,720 --> 00:14:02,040 Speaker 1: a role. 261 00:14:02,080 --> 00:14:04,560 Speaker 4: Faced with a higher import bill for Italian wine thanks 262 00:14:04,559 --> 00:14:07,280 Speaker 4: to new tariffs, the wholesaler might decide to raise prices 263 00:14:07,280 --> 00:14:09,679 Speaker 4: for alternative wines in his warehouse to compensate for the 264 00:14:09,720 --> 00:14:12,280 Speaker 4: lost profit on the Italian stuff. Of course, you might 265 00:14:12,280 --> 00:14:14,520 Speaker 4: decide to do the opposite and swallow the lost profit 266 00:14:14,559 --> 00:14:17,319 Speaker 4: on the tariff, hoping to grab market share from competitors 267 00:14:17,320 --> 00:14:20,880 Speaker 4: who instead pass on the price increase to consumers. But 268 00:14:20,960 --> 00:14:22,480 Speaker 4: you're not sure who's going to do what until they 269 00:14:22,560 --> 00:14:26,560 Speaker 4: do it. Tariffs are most keenly felt when imported or 270 00:14:26,600 --> 00:14:30,280 Speaker 4: domestic alternatives are unavailable or the affected product commands a 271 00:14:30,280 --> 00:14:33,080 Speaker 4: significant premium. Even if tariffs raise the price of the 272 00:14:33,160 --> 00:14:36,680 Speaker 4: latest iPhone, Apple fans will probably still buy it. Video 273 00:14:36,720 --> 00:14:39,680 Speaker 4: Game consoles in their software fall into with similar category. 274 00:14:39,920 --> 00:14:43,480 Speaker 4: Video gaming is dominated by handful of players, mainly Nintendo, Sony, 275 00:14:43,520 --> 00:14:46,360 Speaker 4: and Microsoft. Many of the physical game consoles are made 276 00:14:46,400 --> 00:14:49,320 Speaker 4: in China, and gamers won't just swap in another machine 277 00:14:49,320 --> 00:14:52,560 Speaker 4: to keep playing. That gives producers and importers real power 278 00:14:52,560 --> 00:14:54,840 Speaker 4: to jack up prices for consumers to offset the pain 279 00:14:54,920 --> 00:14:58,000 Speaker 4: of tariffs. The Moody's analysis suggests that nearly all of 280 00:14:58,040 --> 00:15:00,480 Speaker 4: the ten percent additional tariff on game come consols from 281 00:15:00,560 --> 00:15:03,480 Speaker 4: China would be passed through to consumers, raising the price 282 00:15:03,560 --> 00:15:05,600 Speaker 4: of a five hundred dollars machine to five hundred and 283 00:15:05,640 --> 00:15:09,160 Speaker 4: forty eight dollars. Oh man, I'm not sure we have 284 00:15:09,200 --> 00:15:11,400 Speaker 4: time to talk about cars, but Mexico is the top 285 00:15:11,520 --> 00:15:14,360 Speaker 4: foreign supplier of passenger cars and sport utility vehicles in 286 00:15:14,400 --> 00:15:17,560 Speaker 4: the US twenty three percent of imports last year. Tariff's 287 00:15:17,560 --> 00:15:20,240 Speaker 4: on Mexican made cars would likely mean not just higher 288 00:15:20,280 --> 00:15:22,880 Speaker 4: prices for vehicles shipped across the border. But on all 289 00:15:23,000 --> 00:15:25,560 Speaker 4: cars is other manufacturers and dealers see a chance to 290 00:15:25,560 --> 00:15:29,400 Speaker 4: eke out more profit while gaining market share. Then you've 291 00:15:29,400 --> 00:15:31,840 Speaker 4: also got and a lot of folks that brought this up. 292 00:15:31,840 --> 00:15:34,560 Speaker 4: It's super interesting when you learn about it. But a 293 00:15:34,760 --> 00:15:38,520 Speaker 4: part that ends up in your car in America might 294 00:15:38,920 --> 00:15:43,400 Speaker 4: across the US Canadian border three four, five times before 295 00:15:43,440 --> 00:15:46,000 Speaker 4: you fire up the engine and drive off the lot. 296 00:15:46,320 --> 00:15:50,840 Speaker 4: Really as a simple part becomes part of a mechanism 297 00:15:51,360 --> 00:15:54,080 Speaker 4: that's assembled in the US that's then put into a 298 00:15:54,120 --> 00:15:57,480 Speaker 4: much more complicated mechanism that's built in Canada than put 299 00:15:57,640 --> 00:15:59,720 Speaker 4: back in the car to be assembled in the US 300 00:15:59,840 --> 00:16:00,920 Speaker 4: or maybe Mexicans. 301 00:16:00,960 --> 00:16:03,960 Speaker 3: So a piece that goes into a carburetor crosses from 302 00:16:03,960 --> 00:16:06,360 Speaker 3: Mexico and the United States, they put it into the carburetor, 303 00:16:06,440 --> 00:16:09,560 Speaker 3: send the carburetor to Canada maybe where they're assembling the engine. 304 00:16:09,680 --> 00:16:13,040 Speaker 3: The engine comes back across the border into the United States. Yeah, 305 00:16:13,080 --> 00:16:14,800 Speaker 3: exactly interesting. 306 00:16:14,880 --> 00:16:17,960 Speaker 4: Yeah, and if there are tariffs every time that happens, 307 00:16:17,960 --> 00:16:20,760 Speaker 4: it could be insanely complicated and expensive. And the other 308 00:16:20,800 --> 00:16:22,480 Speaker 4: thing we really don't have time to get into, but 309 00:16:22,480 --> 00:16:24,680 Speaker 4: it's simple enough to understand is all of these other 310 00:16:24,760 --> 00:16:29,520 Speaker 4: countries are imposing retaliatory tariffs which are really going to 311 00:16:29,600 --> 00:16:33,560 Speaker 4: hurt American exports, which we're supposedly trying to beef up here, 312 00:16:33,720 --> 00:16:35,640 Speaker 4: and it might work in long term. Again, I'm not 313 00:16:35,680 --> 00:16:39,640 Speaker 4: an anti Trump knee jerk guy. I'm just highly skeptical 314 00:16:39,680 --> 00:16:42,000 Speaker 4: of how well this is going to work. And farmers 315 00:16:42,040 --> 00:16:44,480 Speaker 4: are going to take it in the pants because commodity 316 00:16:44,520 --> 00:16:48,080 Speaker 4: prices are going to drop as retaliatory tariffs hurt American 317 00:16:48,240 --> 00:16:53,520 Speaker 4: farm exports. So this is an enormous gamble by Republicans 318 00:16:53,520 --> 00:16:56,720 Speaker 4: in the Trump administration, and I just I don't see 319 00:16:56,760 --> 00:16:57,640 Speaker 4: it working out well. 320 00:16:57,720 --> 00:16:58,520 Speaker 1: I hope I'm wrong. 321 00:16:59,440 --> 00:17:01,880 Speaker 3: I realize every car has the fine now, and I'm 322 00:17:02,000 --> 00:17:04,080 Speaker 3: not wanting to argue with you about carbretors, just trying 323 00:17:04,080 --> 00:17:05,560 Speaker 3: to make a point about how that would work. 324 00:17:05,720 --> 00:17:13,800 Speaker 1: Okay, we got about restraint way stick here, Armstrong and Getty. 325 00:17:15,080 --> 00:17:18,920 Speaker 7: Sixty four days till the government's real ID requirement takes effect, 326 00:17:18,960 --> 00:17:22,520 Speaker 7: and flat Latia Say says it has the flexibility. 327 00:17:22,000 --> 00:17:23,600 Speaker 1: To phase in enforcement. 328 00:17:23,920 --> 00:17:26,800 Speaker 7: It is strongly urging anyone planning to fly to have 329 00:17:26,880 --> 00:17:30,440 Speaker 7: a real ID or passport by May seventh. To get 330 00:17:30,480 --> 00:17:32,919 Speaker 7: a real ID, you'll need to provide an ID or 331 00:17:32,960 --> 00:17:38,119 Speaker 7: documentation that includes full legal name, DOB, social Security number, 332 00:17:38,400 --> 00:17:41,920 Speaker 7: lawful status, and two proofs of address, which could include 333 00:17:41,960 --> 00:17:44,399 Speaker 7: a payroll, stub, rent or mortgage payment. 334 00:17:44,960 --> 00:17:46,600 Speaker 1: Real IDs have a star. 335 00:17:46,480 --> 00:17:48,960 Speaker 7: In the car it's upper corner, while California has a 336 00:17:49,000 --> 00:17:49,800 Speaker 7: bear and a star. 337 00:17:50,040 --> 00:17:52,639 Speaker 3: What percentage of people have done this so far? Gotten 338 00:17:52,680 --> 00:17:58,080 Speaker 3: their real id's what's funny about this? And remember that 339 00:17:58,160 --> 00:18:01,240 Speaker 3: this was passed in the wake of nine eleven to 340 00:18:01,320 --> 00:18:05,720 Speaker 3: make sure couldn't get on planes forgotten. It's just it's 341 00:18:05,760 --> 00:18:07,679 Speaker 3: like my trying to open the bank account for my 342 00:18:07,680 --> 00:18:09,560 Speaker 3: son a couple of weeks ago. No, because of the 343 00:18:09,600 --> 00:18:12,119 Speaker 3: Patriot Act, because of nine to eleven, you need to 344 00:18:12,160 --> 00:18:14,080 Speaker 3: have his birth certificate to open. 345 00:18:13,920 --> 00:18:18,600 Speaker 1: Your son's checking account and saving's account. Are you kidding me? Anyway? 346 00:18:18,640 --> 00:18:20,560 Speaker 1: Back to you? Oh, unbelievable. 347 00:18:20,600 --> 00:18:24,480 Speaker 4: Well, I think I have one, but I've lost track. 348 00:18:24,560 --> 00:18:25,040 Speaker 1: I don't know. 349 00:18:25,760 --> 00:18:28,000 Speaker 4: It's ground on so long and they've there's been so 350 00:18:28,040 --> 00:18:33,199 Speaker 4: many postponements and announcements that they retract you. 351 00:18:33,600 --> 00:18:36,719 Speaker 1: When when did you last renew your driver's license? I 352 00:18:36,720 --> 00:18:38,159 Speaker 1: have no idea. I have to look, I have to 353 00:18:38,240 --> 00:18:41,560 Speaker 1: reach it out my pocket. At who's at the time exactly. 354 00:18:42,520 --> 00:18:44,600 Speaker 3: All I know is like I bought a ticket the 355 00:18:44,680 --> 00:18:47,399 Speaker 3: other day for my son's birthday. We're doing something, but 356 00:18:48,440 --> 00:18:50,880 Speaker 3: Southwest Ala he says, remember to get your real ID by. 357 00:18:50,920 --> 00:18:53,120 Speaker 3: And they've been warning me this for years. And every 358 00:18:53,119 --> 00:18:56,080 Speaker 3: time I look at that, I think I can picture 359 00:18:56,119 --> 00:18:58,920 Speaker 3: who and you know, Gladys could play the harp. I 360 00:18:58,920 --> 00:19:01,000 Speaker 3: can picture what's gonna happen in the future, and I 361 00:19:01,480 --> 00:19:03,360 Speaker 3: do it every time I see the warning on Southwest 362 00:19:03,359 --> 00:19:06,199 Speaker 3: Airlines make sure you have your real ID by, whatever 363 00:19:06,240 --> 00:19:08,080 Speaker 3: data is. I think I'm going to go to the 364 00:19:08,080 --> 00:19:10,520 Speaker 3: airport for some big trip. I'm going to get there 365 00:19:10,600 --> 00:19:12,960 Speaker 3: and they're going to say we don't take driver's licenses anymore. 366 00:19:13,040 --> 00:19:15,280 Speaker 3: We've been warning you for three years and you never. 367 00:19:15,160 --> 00:19:18,879 Speaker 1: Did any of me. I know it's going to happen. Yeah, 368 00:19:19,560 --> 00:19:23,560 Speaker 1: I know it's going to happen. Man, Oh, well, what 369 00:19:23,560 --> 00:19:24,720 Speaker 1: are you going to do? Well? 370 00:19:24,800 --> 00:19:27,920 Speaker 4: You know Sama bin Laden in the events of twenty 371 00:19:28,440 --> 00:19:29,200 Speaker 4: four years ago. 372 00:19:29,880 --> 00:19:30,880 Speaker 1: So this is interesting. 373 00:19:31,440 --> 00:19:35,480 Speaker 4: Dovetailing off of our conversation last segment about tariffs and inflation, 374 00:19:35,640 --> 00:19:38,360 Speaker 4: economic risk and that sort of thing. The one thing 375 00:19:38,720 --> 00:19:41,160 Speaker 4: and I underemphasize this, and I shouldn't have The one 376 00:19:41,200 --> 00:19:44,399 Speaker 4: thing that the business really wants and by extension of 377 00:19:44,400 --> 00:19:47,280 Speaker 4: the stock market, is some level of certainty so they 378 00:19:47,280 --> 00:19:50,840 Speaker 4: can do planning and investment and there. It's hard to 379 00:19:50,880 --> 00:19:54,879 Speaker 4: picture more uncertainty than is going on right now unless 380 00:19:54,920 --> 00:19:56,679 Speaker 4: you know China, tax Taiwan or whatever. 381 00:19:56,720 --> 00:19:57,800 Speaker 1: I mean. There's always more. 382 00:19:58,359 --> 00:20:02,679 Speaker 4: But the markets as of when we're speaking now, if 383 00:20:02,720 --> 00:20:07,560 Speaker 4: you're listening in the future via podcast, are down about 384 00:20:07,560 --> 00:20:10,360 Speaker 4: a percent and a half, all of them. The nasdac's 385 00:20:10,400 --> 00:20:13,600 Speaker 4: into correction territory. Of course, it was overheated, and we 386 00:20:13,640 --> 00:20:17,440 Speaker 4: don't leap to conclusions based on even a day's worth 387 00:20:17,440 --> 00:20:19,480 Speaker 4: of the stock market, but it's they're. 388 00:20:19,359 --> 00:20:20,840 Speaker 1: Rattled, no doubt. 389 00:20:21,480 --> 00:20:23,400 Speaker 4: Although as I look at the chart of the day 390 00:20:23,600 --> 00:20:29,320 Speaker 4: so far, it looks like for now the market has 391 00:20:30,040 --> 00:20:34,000 Speaker 4: and this is my favorite expression in the stock market, Michael, 392 00:20:34,040 --> 00:20:36,840 Speaker 4: do you remember what it is? Come on now, I've 393 00:20:36,880 --> 00:20:39,880 Speaker 4: been teaching you this for years, so it's my favorite. No, 394 00:20:40,320 --> 00:20:43,600 Speaker 4: that's a good one though, By the dip, by the dip, No, 395 00:20:43,680 --> 00:20:46,560 Speaker 4: my favorite expression is the markets appeared to have found 396 00:20:46,560 --> 00:20:47,560 Speaker 4: a firm bottom. 397 00:20:47,680 --> 00:20:50,240 Speaker 1: Oh wow, we all like that. Yeah, so they bounce 398 00:20:50,320 --> 00:20:51,960 Speaker 1: back a little bit from their lows. But who knows. 399 00:20:51,960 --> 00:20:54,879 Speaker 4: It's early in the trading day, and anyway, markets and 400 00:20:54,920 --> 00:20:58,200 Speaker 4: businesses are very rattled. I think this is an enormous 401 00:20:58,200 --> 00:21:00,840 Speaker 4: gamble by Trump, and I'm not sure he's gonna win 402 00:21:00,960 --> 00:21:02,720 Speaker 4: at it, but we'll all find out together. 403 00:21:03,320 --> 00:21:07,360 Speaker 3: So normally I wouldn't bring up on the air an 404 00:21:07,400 --> 00:21:10,879 Speaker 3: eighty year old singing star spouse dying because I think 405 00:21:11,200 --> 00:21:13,440 Speaker 3: you don't care, or you don't know who they are 406 00:21:13,600 --> 00:21:16,520 Speaker 3: or whatever. But for whatever reason, Dolly Parton seems to 407 00:21:16,640 --> 00:21:20,080 Speaker 3: span generations and even young people are aware of Dolly 408 00:21:20,119 --> 00:21:22,480 Speaker 3: Parton for a variety of reasons of reality shows or 409 00:21:22,560 --> 00:21:24,440 Speaker 3: I don't know what it is, but everybody seems to 410 00:21:24,480 --> 00:21:29,120 Speaker 3: know who Dolly Parton is. And she's so utterly uncontroversial 411 00:21:29,680 --> 00:21:30,280 Speaker 3: and loved. 412 00:21:30,680 --> 00:21:32,560 Speaker 1: Yeah, her husband died. 413 00:21:33,840 --> 00:21:35,959 Speaker 3: Yesterday and she wrote a movie piece about it on 414 00:21:36,000 --> 00:21:39,439 Speaker 3: her Instagram, But I didn't nobody knew much about her husband. 415 00:21:39,680 --> 00:21:41,479 Speaker 1: Many people wondered if she actually had husband. 416 00:21:41,600 --> 00:21:43,280 Speaker 3: When I was a kid, I mean, this is going 417 00:21:43,320 --> 00:21:45,320 Speaker 3: way back to the seventies and eighties, she would go 418 00:21:45,320 --> 00:21:46,399 Speaker 3: on Johnny Carson. 419 00:21:46,200 --> 00:21:48,600 Speaker 1: And talk about, you know, my husband Carl. 420 00:21:48,840 --> 00:21:52,639 Speaker 3: And just you know, make jokes about husband Carl, And 421 00:21:53,359 --> 00:21:56,480 Speaker 3: there was some belief that she always brought up having 422 00:21:56,520 --> 00:21:58,880 Speaker 3: a husband just so guys would leave her alone because 423 00:21:58,920 --> 00:22:02,959 Speaker 3: she was so freaking hot. And you know, you never 424 00:22:03,000 --> 00:22:05,080 Speaker 3: saw him or anything like that. But no, she had 425 00:22:05,119 --> 00:22:08,440 Speaker 3: a husband, Carl, for sixty years. They met when at 426 00:22:08,440 --> 00:22:11,879 Speaker 3: the Wishy Washy Laundromat in Tennessee when she was eighteen. 427 00:22:13,160 --> 00:22:15,879 Speaker 3: She thought he was handsome. He thought she was the 428 00:22:15,880 --> 00:22:18,480 Speaker 3: hottest thing he'd ever seen. And he's first saw her, 429 00:22:18,520 --> 00:22:20,360 Speaker 3: he thought, I'm gonna make her my wife. And they 430 00:22:20,359 --> 00:22:22,200 Speaker 3: started talking and they went out, and two years later 431 00:22:22,200 --> 00:22:24,320 Speaker 3: they were married. And they were together for sixty years. 432 00:22:24,680 --> 00:22:27,480 Speaker 3: And he did his name for an old timey laundromat too, Yeah, 433 00:22:27,680 --> 00:22:33,080 Speaker 3: Wishy Washy, that's fantastic. And he did an interview ten 434 00:22:33,160 --> 00:22:35,840 Speaker 3: years ago when they'd been married for fifty years with 435 00:22:36,040 --> 00:22:38,680 Speaker 3: Entertainment Magazine where he said, my first thought when I 436 00:22:38,720 --> 00:22:41,040 Speaker 3: saw her was I'm going to marry that girl. And 437 00:22:41,080 --> 00:22:43,000 Speaker 3: that was the day my life began. I wouldn't trade 438 00:22:43,040 --> 00:22:45,080 Speaker 3: the last fifty years for nothing on earth. And she 439 00:22:45,119 --> 00:22:47,240 Speaker 3: says the same thing about him. One of those absolutely 440 00:22:47,280 --> 00:22:49,600 Speaker 3: amazing love stories of being together all that time. Never 441 00:22:49,640 --> 00:22:53,000 Speaker 3: had kids in the sixty years, and you know, it's 442 00:22:53,000 --> 00:22:55,359 Speaker 3: not easy, as you've all, as we've all witnessed the 443 00:22:55,400 --> 00:22:59,760 Speaker 3: whole show business marriage, and she's a sex symbol and 444 00:23:00,080 --> 00:23:02,440 Speaker 3: all those things don't often go well, but it did 445 00:23:02,440 --> 00:23:07,120 Speaker 3: for them. Interesting nugget the song Joelene, which also spans many, 446 00:23:07,160 --> 00:23:10,600 Speaker 3: many generations. She wrote about a bank teller who kept 447 00:23:10,640 --> 00:23:13,040 Speaker 3: hitting on her husband and she thought he was going 448 00:23:13,040 --> 00:23:15,440 Speaker 3: to the bank and awful lot lately, and this hot 449 00:23:15,480 --> 00:23:17,720 Speaker 3: bank teller, cue bank teller was hitting on him a lot, 450 00:23:17,960 --> 00:23:21,040 Speaker 3: and she wrote the Joelene based on those feelings she had. 451 00:23:21,400 --> 00:23:25,240 Speaker 1: Oh wow, yeah, wow, there's nothing more to it than that. Yeah. 452 00:23:25,280 --> 00:23:28,680 Speaker 4: She's also a bit of a magnate too. She successfully 453 00:23:28,720 --> 00:23:31,440 Speaker 4: translated her brand to the Dollywood franchise and that thing. 454 00:23:31,520 --> 00:23:36,040 Speaker 3: Yeah, and one of those just amazingly positive people that 455 00:23:36,359 --> 00:23:39,520 Speaker 3: just have the uh, I'm gonna do it and overcome 456 00:23:39,600 --> 00:23:42,800 Speaker 3: anything sort of attitude, which leads me to another thing 457 00:23:42,840 --> 00:23:45,120 Speaker 3: that I came across last night. I don't know how 458 00:23:45,119 --> 00:23:48,120 Speaker 3: many of you are familiar with Saint Teresa of Avla, 459 00:23:48,240 --> 00:23:51,479 Speaker 3: one of your Catholic saints, which maybe the Pope will 460 00:23:51,520 --> 00:23:54,359 Speaker 3: be visiting soon based on his current health. But oh, 461 00:23:54,400 --> 00:23:58,360 Speaker 3: in person, you mean, yeah, I like a shrine. No, Yeah, 462 00:23:58,400 --> 00:24:00,800 Speaker 3: I'm assuming too much here. Saint Teresa Vila lived in 463 00:24:00,840 --> 00:24:03,480 Speaker 3: the fifteen hundreds, so she has been dead for she 464 00:24:03,800 --> 00:24:04,920 Speaker 3: passed for quite some time. 465 00:24:05,280 --> 00:24:06,879 Speaker 1: Uh, sometimes you will be missed. 466 00:24:07,000 --> 00:24:09,840 Speaker 3: Yeah, And one of my favorite prayers of all time, 467 00:24:09,920 --> 00:24:12,080 Speaker 3: whether it's a prayer of a philosophy is hers that 468 00:24:12,200 --> 00:24:16,920 Speaker 3: is fairly well known. Don't ever be frightened, don't ever 469 00:24:16,960 --> 00:24:20,760 Speaker 3: be disturbed. Everything is changing. Basically, it's the idea that 470 00:24:20,880 --> 00:24:24,120 Speaker 3: you know, things are good now, things are bad now, whatever. 471 00:24:24,440 --> 00:24:27,919 Speaker 3: Things are constantly changing, so you know, just make your 472 00:24:27,960 --> 00:24:28,399 Speaker 3: way through it. 473 00:24:28,960 --> 00:24:31,520 Speaker 4: So if there's a bear charging after me like it's 474 00:24:31,520 --> 00:24:33,840 Speaker 4: the Revenant, I'm not supposed to be frightened or disturbed 475 00:24:33,880 --> 00:24:37,200 Speaker 4: because there was no bear chasing me a minute ago. 476 00:24:37,280 --> 00:24:39,200 Speaker 4: Now there is. And that's the sort of change Saint 477 00:24:39,280 --> 00:24:40,720 Speaker 4: Teresa told us to expect. 478 00:24:40,960 --> 00:24:43,359 Speaker 1: Exactly. I'll pray as hard as I can. I'm not 479 00:24:43,400 --> 00:24:44,440 Speaker 1: sure that one's going to take. 480 00:24:44,520 --> 00:24:48,960 Speaker 3: You're a nitpicker on philosophies, that is for certain, anyway. 481 00:24:49,160 --> 00:24:53,760 Speaker 3: You anyway, she wrote an autobiography, and I just came 482 00:24:53,760 --> 00:24:57,320 Speaker 3: across this information yesterday, which I thought was really interesting. 483 00:24:57,320 --> 00:25:00,199 Speaker 3: She wrote autobiography, went back in the fifteen hundreds and 484 00:25:01,800 --> 00:25:08,560 Speaker 3: talking about her addiction to novels about knights and chivalry 485 00:25:09,119 --> 00:25:11,800 Speaker 3: and how much time she was was reading them and 486 00:25:11,840 --> 00:25:14,399 Speaker 3: she just couldn't stop, and she knew it was getting 487 00:25:14,400 --> 00:25:16,080 Speaker 3: in the way of her devotion to God. 488 00:25:16,600 --> 00:25:18,680 Speaker 1: And I just thought, what an interesting thing. 489 00:25:20,320 --> 00:25:23,840 Speaker 4: So if you're all remark movies of the fifteen yeah, yeah, exactly. 490 00:25:24,160 --> 00:25:26,399 Speaker 3: And if you're a don Quixote fan, which was written 491 00:25:26,440 --> 00:25:30,399 Speaker 3: in roughly sixteen fifteen, he was a contemporary of Shakespeare. 492 00:25:30,520 --> 00:25:34,320 Speaker 3: So don Quixote is basically about a character who's kind 493 00:25:34,359 --> 00:25:37,639 Speaker 3: of mentally ill, but he in the hot books than 494 00:25:37,680 --> 00:25:40,679 Speaker 3: the fifteen hundreds were in Spain, were all about knights 495 00:25:40,680 --> 00:25:43,520 Speaker 3: and chivalry, and they were just like the paperback book 496 00:25:43,560 --> 00:25:47,640 Speaker 3: that everybody loved so much, and don Quixote got obsessed 497 00:25:47,680 --> 00:25:49,439 Speaker 3: with him and wanted to be one of those characters. Well, 498 00:25:49,440 --> 00:25:51,760 Speaker 3: apparently she was reading those books and became obsessed with 499 00:25:51,760 --> 00:25:54,280 Speaker 3: them herself and couldn't stop reading in this just like 500 00:25:54,280 --> 00:25:57,640 Speaker 3: I wasted another day reading you know, Knight's books. When 501 00:25:57,640 --> 00:25:59,679 Speaker 3: am I gonna get my act together and start devoting 502 00:25:59,680 --> 00:26:01,240 Speaker 3: my life to God like I claim I am? 503 00:26:01,280 --> 00:26:04,040 Speaker 1: And I just thought that is fascinating. Oh, yeah, on 504 00:26:04,080 --> 00:26:04,840 Speaker 1: a couple of levels. 505 00:26:04,880 --> 00:26:07,880 Speaker 4: Number one, what a charming revelation about somebody who lived 506 00:26:07,920 --> 00:26:12,240 Speaker 4: many centuries ago. And secondly, you know, to the great 507 00:26:12,560 --> 00:26:16,120 Speaker 4: guiding conservative viewpoint, human nature doesn't change. 508 00:26:16,359 --> 00:26:18,600 Speaker 1: You're not going to reform humanity. You've got to. 509 00:26:18,600 --> 00:26:23,000 Speaker 4: Accept humanity and design systems with incentives and disincentives and 510 00:26:23,040 --> 00:26:25,680 Speaker 4: equal justice for all and blah blah blah, because we're 511 00:26:25,720 --> 00:26:29,000 Speaker 4: not all going to turn into saints when our progressive 512 00:26:29,080 --> 00:26:33,399 Speaker 4: overlords have taught us well enough. But it's funny I 513 00:26:33,480 --> 00:26:37,040 Speaker 4: use the term saints. She's literally saint and couldn't stop 514 00:26:37,080 --> 00:26:38,119 Speaker 4: reading the damn books. 515 00:26:39,520 --> 00:26:42,480 Speaker 1: Wow. Wow, that is something. 516 00:26:42,280 --> 00:26:45,000 Speaker 3: Something, It's just part of being a human being, battling 517 00:26:45,040 --> 00:26:49,240 Speaker 3: the wasting time on you know, whether you're binge watching 518 00:26:49,240 --> 00:26:51,600 Speaker 3: a Netflix show or you know, whatever it is you're doing. 519 00:26:51,960 --> 00:26:54,639 Speaker 3: It's just so easy to do in something. I know, 520 00:26:54,720 --> 00:26:56,240 Speaker 3: I try to fight every single day. 521 00:26:57,320 --> 00:27:00,880 Speaker 4: Yeah, yeah, I think every but he on the show 522 00:27:00,920 --> 00:27:02,520 Speaker 4: and in the audience is thinking. 523 00:27:02,240 --> 00:27:05,360 Speaker 1: Now, ah, I sitting a little close to home. What's mine? Yeah? 524 00:27:05,359 --> 00:27:08,159 Speaker 3: About whatever it is, and we all I think, no, 525 00:27:08,520 --> 00:27:10,280 Speaker 3: when we've crossed the line. I mean, they're not wrong 526 00:27:10,320 --> 00:27:11,440 Speaker 3: with watching a Netflix series. 527 00:27:11,560 --> 00:27:12,080 Speaker 1: Nothing wrong with. 528 00:27:12,040 --> 00:27:16,320 Speaker 3: Reading, you know, a meaningless book or whatever. But we 529 00:27:16,359 --> 00:27:19,399 Speaker 3: all know when who've crossed the line into this has 530 00:27:19,640 --> 00:27:21,480 Speaker 3: taking up way too much of my time, and it's 531 00:27:21,520 --> 00:27:24,240 Speaker 3: just easy and feels good, and there are other things 532 00:27:24,240 --> 00:27:24,920 Speaker 3: I should be doing. 533 00:27:25,280 --> 00:27:28,600 Speaker 4: Sure, sure, absolutely, Yeah, have you ever cracked open? Well? 534 00:27:28,640 --> 00:27:29,760 Speaker 1: I supposed don kyotes. 535 00:27:30,359 --> 00:27:32,320 Speaker 4: Well it's kind of a comment on those books in 536 00:27:32,359 --> 00:27:35,320 Speaker 4: a way, but have you Are there any translations available 537 00:27:35,320 --> 00:27:37,240 Speaker 4: of old timey chivalry novels? 538 00:27:37,280 --> 00:27:39,400 Speaker 1: I would imagine there are, but I've never read one. 539 00:27:39,400 --> 00:27:41,080 Speaker 3: But I think you know that would have basically been 540 00:27:41,119 --> 00:27:43,439 Speaker 3: the soap operas of the day, right, A hairline and 541 00:27:43,480 --> 00:27:47,399 Speaker 3: a night and a rescuer and save her from her whatever, 542 00:27:47,480 --> 00:27:49,200 Speaker 3: you know, the kind of stuff people have always liked. 543 00:27:49,680 --> 00:27:52,719 Speaker 4: Prying off his armor than verious subtle hints at what 544 00:27:52,880 --> 00:27:54,400 Speaker 4: was to come, you know, Wow. 545 00:27:54,240 --> 00:27:56,119 Speaker 1: You turned it into fifty shades of gray somehow. 546 00:27:56,680 --> 00:27:59,320 Speaker 4: Well, No, this, surely there was love making. I mean, 547 00:28:00,840 --> 00:28:04,000 Speaker 4: if he's going off to fight the Mongol Hordes or 548 00:28:04,000 --> 00:28:09,080 Speaker 4: the Muslims or Huguenots or whatever for his fair lady's hand, 549 00:28:09,280 --> 00:28:11,520 Speaker 4: sure he gets that hand. He's not gonna settle for 550 00:28:11,560 --> 00:28:12,960 Speaker 4: the hand, if you know what I'm saying. 551 00:28:13,080 --> 00:28:15,800 Speaker 3: Yeah, And remember when I read Don Quixote. We were 552 00:28:15,840 --> 00:28:17,399 Speaker 3: doing this show. We've been doing this show for so 553 00:28:17,480 --> 00:28:19,840 Speaker 3: many years. But I read don Quixote, I was amazed 554 00:28:19,840 --> 00:28:22,600 Speaker 3: by the number of flatulence jokes in it. It's just 555 00:28:22,720 --> 00:28:26,040 Speaker 3: like never ending flatulence jokes in one of the great 556 00:28:26,080 --> 00:28:26,640 Speaker 3: novels of. 557 00:28:26,560 --> 00:28:30,639 Speaker 4: All time, and yet you remain a flatulence choke extremist. 558 00:28:30,920 --> 00:28:38,479 Speaker 3: Yeah, I don't find it funny, well childish. Some polling 559 00:28:38,520 --> 00:28:41,760 Speaker 3: came out. If you're wondering what other people's attitudes is 560 00:28:42,640 --> 00:28:45,680 Speaker 3: are about supporting Russia versus Ukraine or that whole thing, 561 00:28:45,680 --> 00:28:49,160 Speaker 3: there's some polling that came out yesterday, including worldwide polling, 562 00:28:50,000 --> 00:28:53,360 Speaker 3: and uh, well, you tell me what you think of it. 563 00:28:53,400 --> 00:28:55,080 Speaker 1: Among all the things on the way stay with us, 564 00:28:58,480 --> 00:28:58,920 Speaker 1: it was some. 565 00:28:59,000 --> 00:29:02,560 Speaker 3: Business news I saw after two decades Skype is shutting down. 566 00:29:04,080 --> 00:29:05,120 Speaker 1: Employees knew it was time. 567 00:29:05,160 --> 00:29:10,200 Speaker 3: When the farewell meet it was held over Zoom. Wow, 568 00:29:10,320 --> 00:29:13,120 Speaker 3: Skype was a really big deal. I think that was 569 00:29:13,160 --> 00:29:15,479 Speaker 3: one of the things I wish I had invested in, Like, 570 00:29:15,600 --> 00:29:17,720 Speaker 3: how did you not invest in Skype? Obviously this is 571 00:29:17,760 --> 00:29:20,720 Speaker 3: gonna be the biggest thing ever. Now it's gone, easy come, 572 00:29:20,760 --> 00:29:22,360 Speaker 3: easy go. Man in the world attack. 573 00:29:22,880 --> 00:29:25,840 Speaker 4: So, as I mentioned earlier, dozens and dozens of emails 574 00:29:25,880 --> 00:29:28,080 Speaker 4: about the Ukraine thing, the flap in the Oval office, 575 00:29:28,120 --> 00:29:30,360 Speaker 4: all sorts of different opinions, She's going to hit a couple. 576 00:29:31,080 --> 00:29:32,760 Speaker 1: Uh have you said thank you? 577 00:29:32,840 --> 00:29:34,720 Speaker 4: I like JD Vance, but he came off as an 578 00:29:34,760 --> 00:29:37,400 Speaker 4: insincere leg humper during that Zelensky meeting. 579 00:29:38,720 --> 00:29:41,200 Speaker 1: Uh, thanks for what JD. 580 00:29:41,320 --> 00:29:43,920 Speaker 4: The Budapest memorandum when they gave you their nukes in 581 00:29:43,960 --> 00:29:47,080 Speaker 4: exchange for the promise of protection. Since Clinton signed the agreement, 582 00:29:47,120 --> 00:29:50,680 Speaker 4: the Russians have attacked and taken gobbles of Ukraine over 583 00:29:50,720 --> 00:29:51,240 Speaker 4: and over again. 584 00:29:51,360 --> 00:29:52,760 Speaker 1: So he's supposed to thank him for that. 585 00:29:52,960 --> 00:29:55,560 Speaker 4: He has every justification of punch every US president since 586 00:29:55,560 --> 00:29:58,280 Speaker 4: Clinton in the face. We welshed on the deal. I 587 00:29:58,320 --> 00:30:01,000 Speaker 4: apologize to the Welsh people for that, and he goes 588 00:30:01,040 --> 00:30:01,840 Speaker 4: on on that thing. 589 00:30:02,120 --> 00:30:02,960 Speaker 1: Then we got. 590 00:30:04,720 --> 00:30:07,720 Speaker 4: Just my two cents President's Trump's position was clearly known 591 00:30:07,760 --> 00:30:10,240 Speaker 4: and telegraphed to all parties, including Ukraine prior to the meeting. 592 00:30:10,280 --> 00:30:12,120 Speaker 4: Of Zelensky didn't want to sign that he shouldn't have 593 00:30:12,120 --> 00:30:14,880 Speaker 4: come to the meeting too. Zelensky was argumentative through the 594 00:30:14,920 --> 00:30:17,600 Speaker 4: meeting and constantly brought up to the security guarantees and lectured 595 00:30:17,600 --> 00:30:20,520 Speaker 4: Trump through the first part of the meeting. I'm summarizing 596 00:30:20,600 --> 00:30:24,960 Speaker 4: Michael's note here in rewatching it. I can't believe Trump 597 00:30:25,080 --> 00:30:26,960 Speaker 4: kept his calm as long as he did. 598 00:30:27,280 --> 00:30:27,680 Speaker 1: Wow. 599 00:30:28,880 --> 00:30:32,640 Speaker 4: And finally, however one feels about the righteousness of crane struggle, 600 00:30:32,640 --> 00:30:35,320 Speaker 4: theres one undeniable fact. They can't do it without the 601 00:30:35,440 --> 00:30:37,800 Speaker 4: US and he should have known that. 602 00:30:39,400 --> 00:30:44,120 Speaker 3: And yesterday Lindsey Graham doubled down on calling for Zelensky 603 00:30:44,240 --> 00:30:48,959 Speaker 3: to resign. No one has a voice in Ukraine. They 604 00:30:48,960 --> 00:30:51,640 Speaker 3: need to have an election, and he needs to either 605 00:30:51,680 --> 00:30:54,800 Speaker 3: needs to resign or some sendo over somebody we can 606 00:30:54,840 --> 00:30:55,400 Speaker 3: do business with. 607 00:30:57,520 --> 00:30:59,680 Speaker 4: A lot of the holies. A dictator he hasn't a 608 00:30:59,720 --> 00:31:03,160 Speaker 4: held election is ignorance. And well, I'll just say, you're 609 00:31:03,160 --> 00:31:07,000 Speaker 4: ill informed. Why would I cast dispersions because of Ukrainian 610 00:31:07,080 --> 00:31:09,600 Speaker 4: law and the constitution. That can't during martial law, during 611 00:31:09,720 --> 00:31:13,080 Speaker 4: a fight for their lives in wartime. Having said that 612 00:31:13,080 --> 00:31:16,760 Speaker 4: that second parts, that might be right. Somebody that we 613 00:31:16,760 --> 00:31:19,080 Speaker 4: can do business with and be productive with. It could 614 00:31:19,120 --> 00:31:21,200 Speaker 4: be that that just that relationship won't work. 615 00:31:21,320 --> 00:31:24,680 Speaker 3: So Waltz yesterday tweeted out or Set in an interview 616 00:31:24,760 --> 00:31:26,120 Speaker 3: I guess, and this is a transcript. 617 00:31:26,120 --> 00:31:28,720 Speaker 1: He's the National Security Advisor? Is that right? What he is? 618 00:31:28,800 --> 00:31:31,600 Speaker 3: Anyway, we had a beautiful setting in the East Room, 619 00:31:31,640 --> 00:31:33,959 Speaker 3: ready for both leaders to sign that would have bound 620 00:31:34,040 --> 00:31:37,920 Speaker 3: the US and Ukraine together economically for a generation. It 621 00:31:37,960 --> 00:31:41,040 Speaker 3: involved critical minerals investment, and commitments from the UK and 622 00:31:41,080 --> 00:31:43,800 Speaker 3: France to put boots on the ground to help keep 623 00:31:43,800 --> 00:31:45,680 Speaker 3: the deal in place. This could have been a step 624 00:31:45,720 --> 00:31:51,440 Speaker 3: toward ending the warrant, stopping the destruction, and Zelensky decided 625 00:31:51,480 --> 00:31:55,920 Speaker 3: to get into an argument. His argument, Zelensky's side of 626 00:31:55,960 --> 00:31:59,280 Speaker 3: it is I've signed other things. We've Ukraine has signed 627 00:31:59,280 --> 00:32:02,360 Speaker 3: other things in the Astins twenty fourteen, and Putin's violated 628 00:32:02,400 --> 00:32:02,880 Speaker 3: all of them. 629 00:32:03,480 --> 00:32:07,240 Speaker 1: Right, And he's right. There's a question of time, place, 630 00:32:07,280 --> 00:32:11,800 Speaker 1: and manner. Though. You can be right and still screw up. Yeah, 631 00:32:12,160 --> 00:32:13,240 Speaker 1: I think you know those. 632 00:32:13,560 --> 00:32:16,760 Speaker 4: Anybody who sees this as just black and white, I'm sorry, 633 00:32:17,520 --> 00:32:20,360 Speaker 4: I don't agree with you. That part about Putin is 634 00:32:20,360 --> 00:32:23,280 Speaker 4: one hundred percent right. And if you think he handled 635 00:32:23,320 --> 00:32:26,440 Speaker 4: it terribly and was offensive and belligerent and in a 636 00:32:26,440 --> 00:32:28,640 Speaker 4: way that you just can't accept in the Oval office 637 00:32:28,720 --> 00:32:30,080 Speaker 4: on camera, you're right too. 638 00:32:30,400 --> 00:32:35,040 Speaker 3: I think maybe, like Trump, Britain and France were attempting 639 00:32:35,120 --> 00:32:39,760 Speaker 3: to slip something into Ukraine that Putin would hate if like, 640 00:32:39,800 --> 00:32:43,280 Speaker 3: if you announced it belligerently, but you know your bad 641 00:32:43,360 --> 00:32:46,600 Speaker 3: mouthed Zelensky. You bad mouthed Zelensky, you praise Putin, you 642 00:32:46,640 --> 00:32:48,640 Speaker 3: praise Putin. And then he gets up one day and says, 643 00:32:48,640 --> 00:32:53,920 Speaker 3: wait a second, there are thirty thousand French and British 644 00:32:53,920 --> 00:32:55,960 Speaker 3: troops there, and the United States has got a mining 645 00:32:56,000 --> 00:32:59,120 Speaker 3: operation with a whole bunch of Americans and equipment there. 646 00:32:59,240 --> 00:33:01,960 Speaker 1: How did that lifting your operations? How did I let 647 00:33:01,960 --> 00:33:03,360 Speaker 1: this happen? Yeah? 648 00:33:03,440 --> 00:33:06,360 Speaker 4: Well, and the thought has crossed my mind that as 649 00:33:06,400 --> 00:33:10,040 Speaker 4: Trump and I've been skeptical of Trump's efforts to play 650 00:33:10,080 --> 00:33:13,720 Speaker 4: Putin or flatter Putin or whatever, because Putin's an alligator. 651 00:33:13,720 --> 00:33:14,920 Speaker 1: You can't flatter an alligator. 652 00:33:15,120 --> 00:33:17,920 Speaker 4: On the other hand, if Trump was thinking, I'm going 653 00:33:18,000 --> 00:33:20,720 Speaker 4: to soft pedal lists and get it under Putin, I'm 654 00:33:20,720 --> 00:33:22,760 Speaker 4: going to soft pedal list, I'm gonna act all friendly, 655 00:33:22,840 --> 00:33:25,720 Speaker 4: so he lets down his guard I'm gonna soft pedal list, 656 00:33:26,000 --> 00:33:29,320 Speaker 4: and Zelenski comes in the Oval office and says, we're not. 657 00:33:29,400 --> 00:33:32,920 Speaker 1: Soft pedaling it. No way we're gonna say Putin will 658 00:33:32,920 --> 00:33:33,200 Speaker 1: hold this. 659 00:33:34,000 --> 00:33:36,280 Speaker 4: The one thing we can't do is soft pedal of 660 00:33:36,360 --> 00:33:38,200 Speaker 4: Putin whether. 661 00:33:37,920 --> 00:33:41,640 Speaker 1: Trump was right or wrong. That would piss you off. Yeah. 662 00:33:41,800 --> 00:33:46,800 Speaker 3: So, latest polling you go of CBS Russia Ukraine conflict. 663 00:33:46,800 --> 00:33:51,880 Speaker 3: Who do you support Ukraine, Russia or neither Russia four percent? 664 00:33:52,560 --> 00:33:57,200 Speaker 3: Neither forty four percent. It's kind of interesting, but Ukraine 665 00:33:57,320 --> 00:34:01,720 Speaker 3: is the majority in plurality fifty two percent for Ukraine. 666 00:34:02,280 --> 00:34:04,760 Speaker 1: Right. That's where we are in the United States right now. 667 00:34:05,440 --> 00:34:08,000 Speaker 4: US approaches to that in mind when you see thirty 668 00:34:08,080 --> 00:34:10,600 Speaker 4: seven percent of social media says up with Russia. 669 00:34:11,320 --> 00:34:14,680 Speaker 3: Right, says something about social media, Yes, four percent of 670 00:34:14,719 --> 00:34:17,160 Speaker 3: people's flat out say they're for Russia. Forty four percent 671 00:34:17,239 --> 00:34:21,359 Speaker 3: do say neither. US approach to foreign policy, US should 672 00:34:21,360 --> 00:34:24,680 Speaker 3: have a leading role, US should work equally with allies. 673 00:34:24,840 --> 00:34:27,239 Speaker 3: US shouldn't get involved in the rest of the world. 674 00:34:27,600 --> 00:34:29,400 Speaker 3: Shouldn't get involved in the rest of the world is 675 00:34:29,440 --> 00:34:32,879 Speaker 3: only seventeen percent. But US should have a leading role 676 00:34:33,040 --> 00:34:36,400 Speaker 3: is only sixteen percent. Wow, US should work equally with 677 00:34:36,480 --> 00:34:37,880 Speaker 3: allies as two thirds. 678 00:34:37,600 --> 00:34:42,040 Speaker 4: Of Americans, that would require our allies being our equals. 679 00:34:42,840 --> 00:34:46,239 Speaker 3: I think we all overestimate the power of our allies, 680 00:34:46,760 --> 00:34:49,040 Speaker 3: and we've kind of allowed that to happen over the years. 681 00:34:49,120 --> 00:34:52,359 Speaker 3: We are the UN, we are NATO, we are the 682 00:34:52,440 --> 00:34:56,560 Speaker 3: who we are, everything we support fund are really the 683 00:34:56,600 --> 00:34:57,640 Speaker 3: backbone of everything. 684 00:34:58,480 --> 00:35:01,560 Speaker 4: I think if we fully realize the weakness of some 685 00:35:01,680 --> 00:35:04,320 Speaker 4: of our allies, it would be terrifying or sickening. 686 00:35:05,280 --> 00:35:05,520 Speaker 1: Right. 687 00:35:05,719 --> 00:35:07,960 Speaker 3: What Trump's trying to do, and he tried to do 688 00:35:08,000 --> 00:35:09,560 Speaker 3: it in the first term, is you know, kind of 689 00:35:10,400 --> 00:35:13,480 Speaker 3: let everybody know about this. Hey, ain't they ain't what 690 00:35:13,520 --> 00:35:15,120 Speaker 3: they claim they are or they ain't putting their money 691 00:35:15,160 --> 00:35:17,359 Speaker 3: where their mouth is, right man? This is it gonna 692 00:35:17,360 --> 00:35:19,279 Speaker 3: be interesting to follow over the next weeks, months, and 693 00:35:19,360 --> 00:35:21,440 Speaker 3: years if you miss a segment at the podcast Armstrong 694 00:35:21,480 --> 00:35:22,280 Speaker 3: and Getty on demand 695 00:35:24,280 --> 00:35:25,480 Speaker 4: Armstrong and Getty