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Speaker 1: You're listening to the Buck Sexton Joe podcast, make sure

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Speaker 1: you subscribe to the podcast on the iHeart Radio app

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Speaker 1: or wherever you get your podcasts. Team. Welcome to the

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Speaker 1: Freedom Hut, the Thursday, September twenty ninth edition of the program.

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Speaker 1: We have the initial after damage assessment here from the

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Speaker 1: hurricane that has hit Florida. It has continuing to make

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Speaker 1: its way now up to the southeastern coastal a portion

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Speaker 1: of the United States, heading for Georgia and South Carolina.

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Speaker 1: I'll tell you about the latest what we know about

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Speaker 1: this very devastating storm, plus Joe Biden trying to clean

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Speaker 1: up after a messy press conference yesterday for him politically

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Speaker 1: where he asked for a deceased congresswoman as if she

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Speaker 1: was in the room. People are wondering is he really

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Speaker 1: going to be able to run for a second term.

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Speaker 1: I'll give you my assessment of that and how Kamala

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Speaker 1: Harris very much plays into all of this, and then

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Speaker 1: the midterm election some critical races, including here in New

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Speaker 1: York the governor's race. We'll discuss that coming up here

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Speaker 1: I'm wearing the slippers right now. So here is Governor

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Speaker 1: de Santist just laying out for everybody. What has happened

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Speaker 1: here in Florida. He described it as a five hundred

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Speaker 1: years flood event. I mean something of biblical proportions. Listen

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Speaker 1: right now, if you look in central Florida, you're looking

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Speaker 1: at potential major flooding and Orange and Seminole Counties, Saint

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Speaker 1: John's River all the way up potentially into northeast Florida

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Speaker 1: and Jacksonville. The amount of water that's been rising and

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Speaker 1: will likely continue to rise today even as the storm

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Speaker 1: is passing, is basically a five hundred year flood of that.

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Speaker 1: But people should just understand this. This storm is having

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Speaker 1: broad impacts across the state, and some of the flooding

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Speaker 1: you're going to see in areas hundreds of miles from

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Speaker 1: where this made landfall are going to set records. So

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Speaker 1: this is as devastating as we were told it would be. Now.

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Speaker 1: The preparations were were widespread and very involve thousands and

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Speaker 1: thousands of National Guard linemen for power lines, airlift capability.

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Speaker 1: They lined all this up in advance. But when you

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Speaker 1: have something of this nature, something that is this devastating

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Speaker 1: in its destructive force, both a wall of water similar

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Speaker 1: to a tsunami, and also winds, sustained winds that are

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Speaker 1: like a tornado. At that speed, you're going to have devastation,

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Speaker 1: and that is unfortunately what the state of Florida is

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Speaker 1: going through right now. DeSantis spoke later on in the

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Speaker 1: later on the afternoon today about the efforts to get

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Speaker 1: power back online, people to safety for anybody who is

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Speaker 1: still and there are many people who are still in

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Speaker 1: dangerous flooded areas. A lot of buildings completely destroyed. This

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Speaker 1: is a horrific hurricane. This is really just shy of

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Speaker 1: I think they'll eventually decide that this was a Level

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Speaker 1: five when it hit right in the Fort Myers area

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Speaker 1: of southwest Florida. Of the islands here, the Island Chain

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Speaker 1: Barrier Islands that are just outside of Fort Myers a

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Speaker 1: Santa bell Captiva, they were essentially washed. All structures seem

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Speaker 1: to have been largely washed away and including bridge, the

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Speaker 1: bridge that that's there to get to them. So there's

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Speaker 1: going to be access problems for some of these areas,

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Speaker 1: for even four emergency personnel to be able to get

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Speaker 1: to them. This is a terrible situation for the state

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Speaker 1: of Florida. There are very substantial resources though, that are

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Speaker 1: being deployed right now to get Florida back on its feet,

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Speaker 1: save lives first, and for us get Florida back on

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Speaker 1: its feet as quickly as possible. So we will continue

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Speaker 1: to be watching this to see where they're where the

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Speaker 1: relief efforts are able to have the most immediate impact.

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Speaker 1: See if there are any parts. I mean, I know

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Speaker 1: Orlando in that area is dealing with tremendous flooding right

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Speaker 1: now too. This is a reminder of everybody one of

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Speaker 1: just how Mother Nature is. It can be very cruel.

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Speaker 1: And even the state of Florida, which is the place

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Speaker 1: most prepared in general for hurricanes, has a population that

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Speaker 1: knows that they hit, knows they can hit with with

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Speaker 1: real ferocity. The destructive force of this hurricane is something

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Speaker 1: that's almost impossible to fully prepare. Really is impossible to

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Speaker 1: fully prepare for. So there's going to be continued efforts

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Speaker 1: here to make sure that there's an absolute mitigation of

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Speaker 1: loss of life, get people back their power, and then

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Speaker 1: their rebuilding process. Says the insurance claims process. This is

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Speaker 1: going to be something that goes on for a long time.

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Speaker 1: It's a moment where you realize how much political leadership

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Speaker 1: does matter. Governor of santists, this is early on He

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Speaker 1: is very organized. They were very prepared for this, and

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Speaker 1: you know that because of the timeline. Even before it

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Speaker 1: was clear Florida was going to get hit at all,

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Speaker 1: they started preparing based on the meteorologists and storm chaser

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Speaker 1: storm trackers who believe that this was going to be

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Speaker 1: possibly a major hurricane for Florida. So de Santists has

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Speaker 1: been very good at communication and about the preparations. I

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Speaker 1: spoke to someone from the founder of the Cajun Navy

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Speaker 1: earlier today. They're getting out there trying to save people,

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Speaker 1: also getting food and resources to everybody. It's an all

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Speaker 1: hands on deck situation in the state of Florida. It

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Speaker 1: should be taken with the utmost seriousness by all of

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Speaker 1: our leadership and by those in media on those who

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Speaker 1: are trying to get the word out about what's going on,

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Speaker 1: trying to raise money for donations for relief efforts. There are,

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Speaker 1: of course Democrats who find this as an opportunity to

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Speaker 1: immediately score political points. MSNBC, for example, had Joy Read

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Speaker 1: go on air to talk about immediately what are the

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Speaker 1: things this is about? Climate Desantist is evil, they will say,

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Speaker 1: even though so far he's done everything that anybody could

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Speaker 1: ever asked the governor of Florida to do. There's no

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Speaker 1: reason to believe he has not done everything in preparation

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Speaker 1: for this that he could that he could do. Also,

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Speaker 1: it's about climate change and even talking about migrants. Here's

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Speaker 1: Joy Sorry, Joy Behar weighed owned this put that aside.

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Speaker 1: We also have Joy read at MSNBC weighing in on

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Speaker 1: this play thirteen. There is a lot that has changed

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Speaker 1: about the Earth that has made these things worse. Right,

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Speaker 1: I mean, these things are thriving because the water is

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Speaker 1: getting warmer, and I think when people we stopped calling

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Speaker 1: it global warming for political reason, and that's what it is. Right.

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Speaker 1: Our earth is getting warmer, and there is just no doubt,

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Speaker 1: I think left that it is feeding these beasts. Where

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Speaker 1: it comes out as in the intensity of the people say, well,

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Speaker 1: they've been hurricanes for millennium. Well that's true, but we

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Speaker 1: sometimes get these ones that are so much more damaging

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Speaker 1: and so much more intense. And it's good that we

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Speaker 1: talk about these things in the moment because lots of

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Speaker 1: times over the years when I brought it up, people

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Speaker 1: have said, oh, now's not the time to talk about

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Speaker 1: Now's the time to talk about it. Because the only

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Speaker 1: time people are paying attention to how damaging these things are.

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Speaker 1: He's just straight up admitting that this is a moment

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Speaker 1: to leverage a political narrative, this moment of devastation for Florida,

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Speaker 1: and everything they're saying is just not true. It's just

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Speaker 1: not true that there are more damaging hurricanes now than

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Speaker 1: there ever were in the past. In fact, the last

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Speaker 1: time that the category five that hit I believe it

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Speaker 1: was over Labor Day in the nineteen thirties hit Florida.

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Speaker 1: I mean, you go back and you see that the

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Speaker 1: past twenty years there have been less serious hurricanes hitting

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Speaker 1: Florida than the twenty years. I think it's actually thirty

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Speaker 1: years and thirty years if you break it up. So

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Speaker 1: it's just not true what they're saying about all the

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Speaker 1: storms are more damaging because of climate change. And anyone

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Speaker 1: who's honest says, you can't say that a one degree

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Speaker 1: rise celsius and global temperature results in a much more

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Speaker 1: damaging storm. This is crazy. I mean, this is a

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Speaker 1: this is absurd, and yet they say it. But at

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Speaker 1: least they're focused on in this sound bite, they're focused

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Speaker 1: on climate change, specifically, Governor Desantists another. They're going to

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Speaker 1: throw everything that Cana de Santists, even if by the

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Speaker 1: numbers and an honest assessment, De Santists handles us. And

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Speaker 1: we don't know yet right this is still underway. We

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Speaker 1: can't know about it. We can say that there's been

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Speaker 1: a lot of preparation. We can say that so far

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Speaker 1: it seems to be very well handled. I have as

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Speaker 1: much confidence in Governor Desantists in this situation as honestly

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Speaker 1: any politician in the country. I think he's the best,

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Speaker 1: is what I'm saying. I think if you if I

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Speaker 1: had to pick one person from American political life right

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Speaker 1: now to be in charge of the relief effort and

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Speaker 1: the rebuilding effort in Florida, it would be RHN de Santis. Now,

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Speaker 1: we'll see how this plays out in the weeks ahead.

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Speaker 1: I believe though that that is going to that my

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Speaker 1: assessment will be bolstered by events. And I'm hopeful because

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Speaker 1: that would mean that that they're doing a good job

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Speaker 1: and that people are okay and their homes rebuilt. Joy

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Speaker 1: behar over at the view the dumbest political talk show

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Speaker 1: in existence. She just wants you to you know, she's

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Speaker 1: connecting Descantists climate denier bad, hurricane bad descantists, she's crazy.

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Speaker 1: This is the quote from Governor DeSantis about climate change. Quote,

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Speaker 1: I am not in the cues of the church of

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Speaker 1: the global warming leftists. This is what he thinks about

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Speaker 1: climate change. And now his shade is getting hit with

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Speaker 1: one of the worst hurricanes. It's connecting those two things.

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Speaker 1: They're just shameless, but it's there's a shamelessness and also

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Speaker 1: just an obvious stupidity. And when you're talking about the View,

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Speaker 1: those two things collide like meteors in outer space. Shamelessness

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Speaker 1: and unbelievable aggressive stupidity. That's what you have over at

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Speaker 1: the View. And we have more on the Biden cleanup

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Speaker 1: effort after yesterday's asking for the deceased member of Congress

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Speaker 1: in the room and how this factors into perceptions over

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Speaker 1: whether Biden can actually run for president a second for

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Speaker 1: Some of my close friends are done for you clients.

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Speaker 1: I think my parents are going to become done for

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Speaker 1: you clients here soon. So done for you Buck dot Com.

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Speaker 1: Begin your real estate investment journey with experts who know

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Speaker 1: what they're doing. So just to remind everybody this was

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Speaker 1: a flashbacked. Yesterday Biden asked for a deceased member of Congress,

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Speaker 1: Jackie Willorski, who died at his tragic died in a

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Speaker 1: car accident in August. And then later on the same day,

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Speaker 1: the White House Press Secretary Karine Jean Pierre says, well,

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Speaker 1: she was top of mind for Biden. Play that club.

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Speaker 1: What happened in the Hunter event today, the President appeared

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Speaker 1: to look around the room for an audience member, a

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Speaker 1: member of Congress who passed away last month. He seemed

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Speaker 1: to indicate she might be in the room. So the

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Speaker 1: President was, as you all know, you guys were watching

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Speaker 1: today's event, a very important event on food and security.

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Speaker 1: The President was naming the congressional champions on this issue

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Speaker 1: and was acknowledging her incredible work he had. He had

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Speaker 1: already planned to welcome the congresswoman's family to the White

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Speaker 1: House on Friday. There will be a bill signing in

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Speaker 1: her honor this coming Friday. So of course she was

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Speaker 1: on his mind. She was of top of mind. Okay,

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Speaker 1: So she says, there, Karen Jean Pierre, White House Press secretor,

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Speaker 1: she was top of mind. If she's top of mind.

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Speaker 1: How could he not remember that she died? Now we

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Speaker 1: all know the answer that question is, Joe Biden is

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Speaker 1: not mentally all there. He did. You're a rating and

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Speaker 1: this happens, and there's no part of me that feels

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Speaker 1: good about having this discussion because we're all going there

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Speaker 1: in one way or another. I mean, if we're lucky

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Speaker 1: enough to get older, if we're not lucky enough to

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Speaker 1: see eighty, which is what Joe Biden, that's how all

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Speaker 1: Joe Biden curtly is. We're going to start to get

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Speaker 1: things get fog here, your energy level goes down. This

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Speaker 1: is just reality of aging, right, the same way that

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Speaker 1: people get gray hair, people start to have cognitive decline

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Speaker 1: as they get older. Joe Biden, Look, if he were

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Speaker 1: just writing his memoirs spending time with the grandkids, this

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Speaker 1: wouldn't be an issue. He's the President of the United

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Speaker 1: States though, so of course it's an issue. And that's

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Speaker 1: why Karen Jean Pierre is willing to really insult the

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Speaker 1: intelligence of the White House Press corps there and tell

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Speaker 1: them all, oh, well, you know, she was top of mind,

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Speaker 1: so that's what Wait what but if she stopped of mind,

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Speaker 1: that doesn't make any sense, doesn't make any sense. But

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Speaker 1: she doesn't care anything other than an admission, anything other

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Speaker 1: than an admission that he is he's too old and

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Speaker 1: basically he's insinility. Because at that point they're they're gonna run.

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Speaker 1: Think about what the next the next presidential campaign for

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Speaker 1: Biden looks like, vote for Biden. He's not that scenile

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Speaker 1: yet that seems to be what the Democrats slogan is

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Speaker 1: going to be. And the reason though that I believe

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Speaker 1: that this will come up and why I still think

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Speaker 1: they are planning to run Joe Biden again. I know

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Speaker 1: people say that's I think they don't care. I think

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Speaker 1: they're just gonna They're gonna say, yep, it's gonna be Biden.

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Speaker 1: Is because if they had a vice president who was

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Speaker 1: a viable presidential contender who got more than one percent

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Speaker 1: of the Democrat vote. Mind you, Democrats didn't want Kamala Harris.

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Speaker 1: Here's here, she is just something, you know, given a

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Speaker 1: speech somewhere and one's really paying attention. But notice she's

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Speaker 1: off at the at the DMZ in North Korea. And

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Speaker 1: I'm sorry, I just I just pulled the Kamala in

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Speaker 1: South Korea and she confuses. But see I caught it.

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Speaker 1: Confuses North and South Korea just keeps going. So the

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Speaker 1: United States Shair is a very important relationship, which is

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Speaker 1: an alliance, but the Republic of North Korea, and it

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Speaker 1: is an alliance that is strong and enduring alliance with

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Speaker 1: North Korea. North Koreas are great friends. Man, North Korea

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Speaker 1: is awesome. You know. You know, North Korea gave us

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Speaker 1: that amazing song Gangham style some years ago. I remember

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Speaker 1: North Korea. Oh you mean South Korea? Remember Gangham style

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Speaker 1: that was very catchy. Well, it was at one point,

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Speaker 1: I think the most watch YouTube, you know, the most

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Speaker 1: watch YouTube video in history for a while. And yeah,

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Speaker 1: he was sort of doing the sort of the shimmy.

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Speaker 1: I can't do the dance very well, but Gangham style

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Speaker 1: was very catchy. But that was from South Korea, the

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Speaker 1: democratic and capitalistic exemplar to the world of what happens

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Speaker 1: when you have those principles of a capitalist democracy or

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Speaker 1: representative government, instead of North Korea, which is a old

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Speaker 1: school Stalinist dictatorship. So but notice she said it and

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Speaker 1: didn't even catch it, because you know, Kamala, what does

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Speaker 1: she really know about the rest of the world very little.

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Speaker 1: If they thought they could make her president, they would

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Speaker 1: push Joe Biden aside. And maybe this will change, Maybe

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Speaker 1: there'll be a whole surge all of a sudden, will

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Speaker 1: be even more vanity fair covers. Kamala is amazing, the

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Speaker 1: most brilliant, perfect, wonderful person in history. I don't think

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Speaker 1: that they I don't think they think they could pull

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Speaker 1: it off, though. And then you have the obvious Gavin

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Speaker 1: Newsom stepping in running against Kamala. You're going to have

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Speaker 1: the first female minority vice president pushed aside in her

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Speaker 1: own party by some smarmy white guy from California, Gavin Newsom. Really,

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Speaker 1: Democrats are gonna allow that to have. I mean maybe,

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Speaker 1: but wow, that's going to be quite a moment in politics.

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Speaker 1: They are shameless, though, so it's really hard to get

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Speaker 1: ahead of Democrats on these things and know where they're

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Speaker 1: going to go because the shamelessness is extreme. So let's

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Speaker 1: do whatever, whatever works, whatever point in time, that will

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Speaker 1: be the plan. And then one thing here on the economy.

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Speaker 1: Stanley Drunken Miller is a big hedge fund guy, a

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Speaker 1: big deal in the hedge fund world, and he's out

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Speaker 1: there telling everybody, Look, we're going to have a recession

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Speaker 1: in twenty three or I'm going to be completely be fuddled.

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Speaker 1: I will be stunned if we don't have a recession

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Speaker 1: in twenty three. Don't know the timing, but certainly by

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Speaker 1: the end of twenty three, I will not be surprised

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Speaker 1: if it's not larger than the so called average garden variety.

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Speaker 1: And I don't rule out not my forecast, but I

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Speaker 1: don't rule out something really bad. Why because if you

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Speaker 1: look at the liquidity situation that has driven this, we're

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Speaker 1: going to go from all this Q to QT. We're

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Speaker 1: following an asset bubble. The liquidity situation, as in monetary policy,

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Speaker 1: the Fed and central banks, as in the government, brought

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Speaker 1: us to this point. Now, that's all true, and this

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Speaker 1: is a guy who is personally incredibly wealthy from understanding

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Speaker 1: those factors, but everything else aside. This guy knows where

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Speaker 1: the markets are going, which is why he's a billionaire.

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Speaker 1: And it's also why other people entrusted him with billions

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Speaker 1: and billions of their dollars to invest over many years.

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Speaker 1: So kind of knows he's talking about, knows a lot

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Speaker 1: more than some of the Biden advisors out there, and

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Speaker 1: in fact, we could go to Larry Summers, the former

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Speaker 1: Treasury secretary under Barack Obama, if you recall, who was

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Speaker 1: also president of Harvard, who's out there. He's straight up

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Speaker 1: saying it. Look, the inflation situation really got kicked off here,

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Speaker 1: the problem of inflation with the two trillion dollars of

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Speaker 1: Biden spending at the beginning of twenty twenty one. We

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Speaker 1: basically had inflation under control for forty years, despite the

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Speaker 1: fact that the price of oil fluctuated, despite the fact

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Speaker 1: that there were all kinds of supply shocks. We lost

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Speaker 1: the thread along with many other countries about a year

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Speaker 1: and a half ago, with massively expansionary policies. Relative to

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Speaker 1: the size of the GDP gap, the fiscal stimulus was

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Speaker 1: five times as large as it had been during the

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Speaker 1: financial crisis. Yeah, they spent too much money, and now

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Speaker 1: the bill is coming due, and now there's gonna be

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Speaker 1: a lot of pain. And the people in charge, like

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Speaker 1: Joe Biden, the fact that they just passed this Inflation

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Speaker 1: Reduction Act and doing a whole victory lapse over this.

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Speaker 1: It's not a reducing Inflation's gonna make inflation worse. If

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Speaker 1: the wonder, are these people morons? Are they just destructive? Well,

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Speaker 1: it's a combination of both. People. Run into the country

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Speaker 1: right now, do not do not do a good job.

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Speaker 1: That's a simple way of putting it. And I'll just

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Speaker 1: remind you that they just looked at the first six

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Speaker 1: months of the year and we were a negative GDP.

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Speaker 1: They've really now dug into the numbers more negative GDP.

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Speaker 1: We are in a recession, the Biden recession. That is reality.

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Speaker 1: They just don't want it to set in before the election.

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Speaker 1: They figure they'll just go with something else. Oh, the

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Speaker 1: January sixth and threats to our democracy starting in twenty

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Speaker 1: twenty three. Thanks for rolling with me team, talk to

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Speaker 1: you more tomorrow, Shields Hie