1 00:00:00,240 --> 00:00:03,080 Speaker 1: So it was a disaster. That's the only way you 2 00:00:03,080 --> 00:00:06,400 Speaker 1: can put it. The jobs report was a disaster and 3 00:00:06,480 --> 00:00:08,639 Speaker 1: it needs to be covered by the media, and they're 4 00:00:08,680 --> 00:00:13,400 Speaker 1: not doing their job. Shocker, Joe Biden misses his goal 5 00:00:13,480 --> 00:00:17,040 Speaker 1: of two million jobs created in his first hundred days. 6 00:00:17,079 --> 00:00:19,959 Speaker 1: Remember that was part of the big plan to save 7 00:00:20,000 --> 00:00:23,560 Speaker 1: America from the disaster that was left by Donald Trump. 8 00:00:24,520 --> 00:00:28,560 Speaker 1: That's how the media also reported it. The White House 9 00:00:28,840 --> 00:00:32,720 Speaker 1: prepared to celebrate a job gained milestone of two million 10 00:00:32,760 --> 00:00:35,440 Speaker 1: on Friday under Joe Biden during his first hundred days, 11 00:00:35,440 --> 00:00:41,320 Speaker 1: but those plans were shattered by what those in the 12 00:00:41,360 --> 00:00:48,159 Speaker 1: business called a devastating jobs report for April. It was 13 00:00:48,280 --> 00:00:52,440 Speaker 1: so bad that when the job report numbers came out, 14 00:00:54,680 --> 00:00:59,680 Speaker 1: CNBC actually paused on live TV to double check the 15 00:00:59,720 --> 00:01:04,560 Speaker 1: number because they couldn't believe they were that bad. Now, 16 00:01:04,600 --> 00:01:10,440 Speaker 1: this all came out and the White House staffers, this 17 00:01:10,520 --> 00:01:14,600 Speaker 1: is coming from punch Bowl News reported that these senior 18 00:01:14,640 --> 00:01:19,360 Speaker 1: White House staffers were watching the job's estimates of creating 19 00:01:19,400 --> 00:01:24,160 Speaker 1: seven hundred thousand jobs. Eager to promote the record number 20 00:01:24,200 --> 00:01:26,480 Speaker 1: of jobs created during Biden's first hundred days. They were 21 00:01:26,520 --> 00:01:28,959 Speaker 1: ready to go. This was part of the you know, 22 00:01:29,120 --> 00:01:32,039 Speaker 1: propaganda of this White House. Look how great we are, 23 00:01:32,080 --> 00:01:34,320 Speaker 1: Look what we've done, Look how much better we are 24 00:01:34,360 --> 00:01:38,400 Speaker 1: than the other guy. If the US economy add seven 25 00:01:38,480 --> 00:01:40,800 Speaker 1: hundred thousand jobs in the latest report, that will be 26 00:01:40,840 --> 00:01:44,080 Speaker 1: two hundred million, or excuse me, two million new jobs 27 00:01:44,760 --> 00:01:47,240 Speaker 1: in the first hundred days of the new administration, the 28 00:01:47,280 --> 00:01:50,640 Speaker 1: report read, Joe Biden would be the first president to 29 00:01:50,680 --> 00:01:55,280 Speaker 1: reach two million jobs in that time period. Obviously, that number, 30 00:01:55,360 --> 00:01:57,320 Speaker 1: many would argue, is easy to get to because you 31 00:01:57,400 --> 00:02:01,160 Speaker 1: had a pandemic that put people out of work, and 32 00:02:01,280 --> 00:02:03,400 Speaker 1: with us getting the pandemic a little bit more under 33 00:02:03,440 --> 00:02:08,400 Speaker 1: control than the numbers should in fact be skyrocketing. That's 34 00:02:08,400 --> 00:02:12,000 Speaker 1: why they were prepping for two million jobs to be 35 00:02:12,080 --> 00:02:15,799 Speaker 1: made in the first hundred days, because it was supposed 36 00:02:15,840 --> 00:02:20,520 Speaker 1: to be that easy. You don't know how easy the 37 00:02:20,560 --> 00:02:23,000 Speaker 1: White House thought it was going to be. To promote this, 38 00:02:23,160 --> 00:02:27,560 Speaker 1: the White House had already scheduled an eleven thirty am 39 00:02:27,600 --> 00:02:30,480 Speaker 1: event for the present to delivery marks on the job's 40 00:02:30,560 --> 00:02:33,120 Speaker 1: report before leaving Washington, DC for the weekend. At his 41 00:02:33,200 --> 00:02:38,080 Speaker 1: home in Delaware. He was going to celebrate the gigantic 42 00:02:38,240 --> 00:02:45,280 Speaker 1: milestone by his administration. Biden and Vice President Harris were 43 00:02:45,320 --> 00:02:49,440 Speaker 1: also scheduled for an economic briefing and a meeting with 44 00:02:49,520 --> 00:02:56,720 Speaker 1: his job's cabinet Friday afternoon to grandstand. Press Secretary Jensaki 45 00:02:56,919 --> 00:03:02,079 Speaker 1: was scheduled to do a press briefing, and she decided, well, 46 00:03:02,200 --> 00:03:04,720 Speaker 1: let's just make sure we really own this thing. So 47 00:03:04,800 --> 00:03:07,720 Speaker 1: she was going to bring in the Treasury Secretary Jennet Yellen, 48 00:03:08,720 --> 00:03:13,480 Speaker 1: presumably to trumpet the great economic news. The only problem 49 00:03:13,560 --> 00:03:18,040 Speaker 1: is it didn't happen. The job's number reports showed that 50 00:03:18,200 --> 00:03:22,280 Speaker 1: unemployment actually went up, not down. Yeah, they went the 51 00:03:22,360 --> 00:03:24,960 Speaker 1: opposite direction of what they were expecting. It didn't even 52 00:03:25,000 --> 00:03:29,600 Speaker 1: say stagnant. It actually got worse, and the unemployment rate 53 00:03:29,600 --> 00:03:33,840 Speaker 1: actually ticked up to six point one percent. Instead of 54 00:03:34,040 --> 00:03:36,960 Speaker 1: seven hundred thousand jobs being added, only two hundred and 55 00:03:36,960 --> 00:03:41,040 Speaker 1: sixty six thousand jobs were created in April. Here's the 56 00:03:41,080 --> 00:03:46,400 Speaker 1: other kick in the pants. Previous job gains were also 57 00:03:47,640 --> 00:03:53,520 Speaker 1: revised downward, which made things even worse. Now. The day 58 00:03:53,560 --> 00:03:56,040 Speaker 1: before all this came out, and this is bad news 59 00:03:56,040 --> 00:03:57,640 Speaker 1: for this country. I want to make that clear. This 60 00:03:57,680 --> 00:04:02,360 Speaker 1: is bigger than Joe Biden, is bigger than Kamala Harris. 61 00:04:03,560 --> 00:04:06,600 Speaker 1: But on Thursday, Joe Biden boasted of his record in 62 00:04:06,680 --> 00:04:12,320 Speaker 1: creating jobs with anticipation of those future gains. Quote, one 63 00:04:12,320 --> 00:04:15,040 Speaker 1: of the things that I'm proud of is in the 64 00:04:15,080 --> 00:04:17,480 Speaker 1: first hundred days that I became president, we have created 65 00:04:17,520 --> 00:04:21,719 Speaker 1: more jobs in that period of time than any administration history, 66 00:04:21,920 --> 00:04:25,680 Speaker 1: proudly said an event in Louisiana the day before White 67 00:04:25,680 --> 00:04:29,320 Speaker 1: House Chief's Staff suggested Friday. The jobs reportedly bolstered the 68 00:04:29,360 --> 00:04:32,960 Speaker 1: notion that there was too much spending and the coronavirus 69 00:04:32,960 --> 00:04:39,599 Speaker 1: release package after we retweeted analysis from others talking about 70 00:04:39,640 --> 00:04:44,560 Speaker 1: this exact issue. This is why we were right to 71 00:04:44,839 --> 00:04:48,760 Speaker 1: be skeptical about the number crunchers who said the relief 72 00:04:48,800 --> 00:04:52,440 Speaker 1: bill was way too much spending. That is now how 73 00:04:52,440 --> 00:04:55,760 Speaker 1: the White House Chiefs Staff wanted to flip this thing. See, 74 00:04:55,760 --> 00:04:59,000 Speaker 1: we did spend enough money. You're welcome. You should think 75 00:04:59,080 --> 00:05:02,239 Speaker 1: us because we spent so much money. Clearly we needed 76 00:05:02,279 --> 00:05:06,560 Speaker 1: to spend the money. That's what they're saying. That's how 77 00:05:06,560 --> 00:05:10,320 Speaker 1: they're going to spend this. In fact, they're now saying 78 00:05:10,360 --> 00:05:13,040 Speaker 1: we need to spend even more money. That's how they're 79 00:05:13,080 --> 00:05:16,480 Speaker 1: going to spend this. That's right. The week jobs report 80 00:05:16,520 --> 00:05:20,920 Speaker 1: has now spurred fresh arguments over the big FED spending, 81 00:05:20,960 --> 00:05:25,120 Speaker 1: saying we need more of it. Joe Biden, right, or 82 00:05:25,160 --> 00:05:27,040 Speaker 1: you got a crisis. Now, you got the numbers that 83 00:05:27,080 --> 00:05:29,560 Speaker 1: weren't even close to what they thought. You got the 84 00:05:29,600 --> 00:05:32,720 Speaker 1: other numbers that revised downward, you got unemployment that ticked 85 00:05:32,760 --> 00:05:37,080 Speaker 1: up to six point one percent, and President Joe Biden 86 00:05:37,160 --> 00:05:41,200 Speaker 1: is now insisting on a idea we need to spend 87 00:05:41,200 --> 00:05:46,000 Speaker 1: more money. That's right. He insists on an unexpected slowdown 88 00:05:46,040 --> 00:05:48,680 Speaker 1: and companies hiring, is they say, clear proof that the 89 00:05:48,760 --> 00:05:56,600 Speaker 1: US needs a multi trillion dollar federal boost. He's pushing, Yeah, 90 00:05:56,720 --> 00:05:58,880 Speaker 1: we need to spend more money to get us out 91 00:05:59,400 --> 00:06:04,960 Speaker 1: of a sagnant job market. That's how they're spinning this. Now, 92 00:06:05,040 --> 00:06:07,960 Speaker 1: let's talk about the reality of why all of what 93 00:06:08,000 --> 00:06:12,880 Speaker 1: I just mentioned is actually happening. The reason why it's 94 00:06:12,920 --> 00:06:19,880 Speaker 1: all happening is very simple. We have de incentivize people 95 00:06:19,920 --> 00:06:28,520 Speaker 1: to go to work. You can make more money. Say 96 00:06:28,560 --> 00:06:33,200 Speaker 1: it again, you can make more money. Many Americans can 97 00:06:33,240 --> 00:06:38,919 Speaker 1: make more money now sitting at home and doing nothing 98 00:06:38,960 --> 00:06:42,720 Speaker 1: but waiting on government aid then they make if they 99 00:06:42,800 --> 00:06:46,200 Speaker 1: go to work. If you want to know why the 100 00:06:46,279 --> 00:06:50,840 Speaker 1: job market became so stagnant, why the job market became 101 00:06:50,920 --> 00:06:58,040 Speaker 1: so stagnant. You have millions of Americans through at a 102 00:06:58,160 --> 00:07:02,640 Speaker 1: party and they're insane, and a tea that have said, 103 00:07:02,800 --> 00:07:07,200 Speaker 1: stay home, will send you money, Stay home and will 104 00:07:07,279 --> 00:07:12,680 Speaker 1: give you cash, Stay home and will take care of you. 105 00:07:14,040 --> 00:07:17,920 Speaker 1: This is how you get people dependent on you the government. 106 00:07:18,160 --> 00:07:23,440 Speaker 1: This is how you implement socialism. This is how it's done. 107 00:07:24,200 --> 00:07:28,960 Speaker 1: It's pretty easy. And there are people that are refusing 108 00:07:29,040 --> 00:07:33,360 Speaker 1: to go to work. You cannot find people to work 109 00:07:33,400 --> 00:07:39,000 Speaker 1: for you right now. It is embarrassing. You literally cannot 110 00:07:39,160 --> 00:07:45,920 Speaker 1: find people to actually work for you right now. There 111 00:07:45,920 --> 00:07:49,480 Speaker 1: are restaurants that are begging for people to come work 112 00:07:49,520 --> 00:07:54,440 Speaker 1: for them. There are chain restaurants that are putting up 113 00:07:54,560 --> 00:07:58,960 Speaker 1: signs on the front of their buildings and saying on 114 00:07:59,000 --> 00:08:03,240 Speaker 1: those signs, we are sorry that your service is going 115 00:08:03,280 --> 00:08:06,520 Speaker 1: to be subpar, but we can't find anybody to come 116 00:08:06,560 --> 00:08:10,880 Speaker 1: to work because they're all sitting at home getting government money. 117 00:08:10,920 --> 00:08:15,360 Speaker 1: If Joe Biden wants to fix this economy, then it 118 00:08:15,400 --> 00:08:17,840 Speaker 1: needs to cut off the free money, which is what 119 00:08:17,880 --> 00:08:22,320 Speaker 1: they call it, and it's not free, okay. They need 120 00:08:22,360 --> 00:08:25,920 Speaker 1: to cut off the cash. That's what they do need 121 00:08:25,960 --> 00:08:29,360 Speaker 1: to do. They need to cut off the cash that 122 00:08:29,600 --> 00:08:36,320 Speaker 1: is incentivizing people to actually stay home. That is what 123 00:08:36,480 --> 00:08:43,720 Speaker 1: needs to happen. This number is going to keep going up. 124 00:08:47,280 --> 00:08:54,320 Speaker 1: It's going to keep going up until they de incentivize 125 00:08:54,920 --> 00:08:58,600 Speaker 1: people from being stupid. And you have a bunch of 126 00:08:58,800 --> 00:09:04,800 Speaker 1: stupid people in Washington, DC right now, a bunch of 127 00:09:04,920 --> 00:09:10,000 Speaker 1: incompetent idiots that don't understand the reason why people aren't 128 00:09:10,040 --> 00:09:12,880 Speaker 1: going back to work is actually because of them. You 129 00:09:12,960 --> 00:09:15,920 Speaker 1: are paying people more to sit at home than you 130 00:09:16,000 --> 00:09:18,520 Speaker 1: actually do when they go to work. What did you 131 00:09:18,600 --> 00:09:21,400 Speaker 1: think was going to happen? You want to know how 132 00:09:21,400 --> 00:09:25,200 Speaker 1: to fix this problem. It's not by spending trillions of dollars, 133 00:09:25,200 --> 00:09:27,000 Speaker 1: which is how the White House is now spending this. 134 00:09:27,520 --> 00:09:29,880 Speaker 1: The White House is actually now saying, well, because we 135 00:09:29,920 --> 00:09:32,880 Speaker 1: had a bad jobs report, this is proof a that 136 00:09:32,960 --> 00:09:37,360 Speaker 1: the stimulus package was worth it. Right, Imagine how bad 137 00:09:37,400 --> 00:09:39,880 Speaker 1: it would have been if we didn't spend trillions of dollars. Now, 138 00:09:39,920 --> 00:09:46,160 Speaker 1: let's not forget in the coronavirus stimulus package, less than 139 00:09:46,280 --> 00:09:49,000 Speaker 1: nine cents of every dollar went to anything to deal 140 00:09:49,040 --> 00:09:53,360 Speaker 1: with COVID, so ninety one cents of every dollar went 141 00:09:53,400 --> 00:09:58,240 Speaker 1: to other crap. And now they're using bad job numbers 142 00:09:59,200 --> 00:10:01,640 Speaker 1: to justify they're spending spree, and now they're saying we 143 00:10:01,640 --> 00:10:05,360 Speaker 1: need to spend trillions more. You wouldn't know how you 144 00:10:05,400 --> 00:10:10,760 Speaker 1: actually fix this problem. It's a very very simple answer. 145 00:10:11,520 --> 00:10:15,559 Speaker 1: You stop paying people to not work. Businesses across America 146 00:10:15,559 --> 00:10:19,040 Speaker 1: are having a hard time fighting work finding workers. I 147 00:10:19,080 --> 00:10:24,080 Speaker 1: should say, because people are being paid. You're competing with 148 00:10:24,120 --> 00:10:27,240 Speaker 1: a wage from the United States government, which shouldn't be there. 149 00:10:28,120 --> 00:10:33,400 Speaker 1: Brian Bremberg was on Fox Business this week. Brian is 150 00:10:33,440 --> 00:10:37,960 Speaker 1: a guy that was reacting. He's King College business professor, 151 00:10:38,679 --> 00:10:46,920 Speaker 1: reacting to Montana refusing extra federal jobless payments. That's right. Instead, 152 00:10:47,080 --> 00:10:49,880 Speaker 1: Montana is offering one thousand, two hundred dollars back to 153 00:10:49,920 --> 00:10:53,320 Speaker 1: work bonuses to get people back to work so he'll 154 00:10:53,360 --> 00:10:57,920 Speaker 1: stop being a drain on the system. Take a listen, Well, 155 00:10:58,160 --> 00:11:00,320 Speaker 1: you just got to stop paying him not to work. 156 00:11:00,400 --> 00:11:02,600 Speaker 1: That's what Montana is finding. I mean, they've got twenty 157 00:11:02,600 --> 00:11:06,400 Speaker 1: five thousand unemployed people. They've got fourteen thousand open jobs. Stewart. 158 00:11:06,640 --> 00:11:08,800 Speaker 1: If you have open jobs, a question is why aren't 159 00:11:08,800 --> 00:11:11,600 Speaker 1: people taken. I mean one of the reasons is because 160 00:11:11,800 --> 00:11:15,360 Speaker 1: we're paying people extra not to work. And it's not 161 00:11:15,400 --> 00:11:19,360 Speaker 1: just Montana it's across the country. I mean business after business. 162 00:11:19,400 --> 00:11:23,480 Speaker 1: Forty percent of businesses, Stewart say the hardest thing they're 163 00:11:23,520 --> 00:11:27,240 Speaker 1: dealing with right now is finding people to take open jobs. 164 00:11:27,880 --> 00:11:30,800 Speaker 1: In the restaurant industry, one and four restaurants are saying, 165 00:11:31,040 --> 00:11:33,600 Speaker 1: my biggest problem is I can't recruit anyone to work, 166 00:11:33,679 --> 00:11:36,800 Speaker 1: so stop paying people to not work. You can solve 167 00:11:36,800 --> 00:11:41,560 Speaker 1: that problem really quickly, but the end result is high wages. 168 00:11:42,200 --> 00:11:47,320 Speaker 1: I'm not going to argue against that, are you No. 169 00:11:47,440 --> 00:11:49,800 Speaker 1: I mean this is businesses do have to bid up 170 00:11:49,800 --> 00:11:52,280 Speaker 1: their wages to get workers, but they shouldn't be bidding 171 00:11:52,360 --> 00:11:56,760 Speaker 1: against the federal government who's handing out expanded unemployment benefits. 172 00:11:56,840 --> 00:12:00,360 Speaker 1: That's not fair. Businesses should have to compete against each other, 173 00:12:00,840 --> 00:12:03,120 Speaker 1: not the government. The problem is we're in this situation 174 00:12:03,240 --> 00:12:06,320 Speaker 1: right now where businesses feel like they're competing against the 175 00:12:06,400 --> 00:12:10,000 Speaker 1: federal government, a federal government who talks about being pro 176 00:12:10,080 --> 00:12:14,280 Speaker 1: worker and pro business, and yet it's directly competing with 177 00:12:14,320 --> 00:12:17,839 Speaker 1: those businesses who need those workers. Stewart, this is not 178 00:12:17,960 --> 00:12:22,360 Speaker 1: really even economics, it's just common sense. I love how 179 00:12:22,360 --> 00:12:24,319 Speaker 1: he puts up. By the way, this isn't even economics, 180 00:12:24,320 --> 00:12:28,560 Speaker 1: this is common sense. And he's right. The US government 181 00:12:28,640 --> 00:12:32,520 Speaker 1: should not be in competition with the private sector for 182 00:12:32,559 --> 00:12:35,000 Speaker 1: who's going to pay you more When it comes to 183 00:12:35,080 --> 00:12:38,320 Speaker 1: you sitting at home, He's like, this is this is 184 00:12:38,400 --> 00:12:42,760 Speaker 1: this is very simple. Okay, this is not hard. This 185 00:12:42,840 --> 00:12:52,400 Speaker 1: is extremely simple. That's that's all. It is extremely simple. 186 00:12:54,320 --> 00:12:58,079 Speaker 1: This is math. You pay somebody to stay home, what 187 00:12:58,120 --> 00:13:02,320 Speaker 1: are they gonna do? They're gonna stay home, right, You 188 00:13:02,440 --> 00:13:06,560 Speaker 1: pay somebody to not work and they make more money 189 00:13:06,600 --> 00:13:08,959 Speaker 1: than if they went to work. They're not going to 190 00:13:08,960 --> 00:13:13,160 Speaker 1: get up and go to that job. This is extremely simple. 191 00:13:13,520 --> 00:13:21,120 Speaker 1: The math is simple. It makes sense. But part of 192 00:13:21,120 --> 00:13:24,280 Speaker 1: this is the Democratic Party. I want to also make 193 00:13:24,320 --> 00:13:28,439 Speaker 1: that very clear. Part of this is the Democratic Party plan. 194 00:13:29,080 --> 00:13:33,040 Speaker 1: You need a certain number of people totally and utterly 195 00:13:33,160 --> 00:13:38,960 Speaker 1: dependent on you. You need people that cannot survive without you. 196 00:13:39,679 --> 00:13:42,280 Speaker 1: Why do you think the government's doing what they're doing 197 00:13:42,360 --> 00:13:46,880 Speaker 1: right now? This is why they're doing it this way 198 00:13:47,000 --> 00:13:51,120 Speaker 1: on purpose. We give you money, you stay at home. 199 00:13:51,480 --> 00:13:56,400 Speaker 1: We give you money, and you support us. Right, you 200 00:13:56,520 --> 00:14:00,320 Speaker 1: support what we tell you you have to do. You 201 00:14:00,480 --> 00:14:03,600 Speaker 1: support us as we explain to you what you need 202 00:14:03,640 --> 00:14:08,640 Speaker 1: to do. We'll tell you how to live your life. 203 00:14:09,080 --> 00:14:10,920 Speaker 1: And if you listen to us while we tell you 204 00:14:10,960 --> 00:14:14,200 Speaker 1: how to live your life, then we will give you 205 00:14:14,720 --> 00:14:18,520 Speaker 1: more money. Vote for us and we'll give you more money. 206 00:14:20,320 --> 00:14:22,760 Speaker 1: I've been saying this for a while now. This goes 207 00:14:22,840 --> 00:14:27,920 Speaker 1: back to one simple issue. You remember the lady who 208 00:14:27,920 --> 00:14:34,120 Speaker 1: became famous when Barack Obama was up for reelection when 209 00:14:34,160 --> 00:14:38,640 Speaker 1: she said vote you know, Romney sucks bad. And the 210 00:14:38,720 --> 00:14:45,520 Speaker 1: reason why is because Romney. Remember Mitt Romney was not 211 00:14:45,560 --> 00:14:49,160 Speaker 1: going to give you a free cell phone. Remember that 212 00:14:49,840 --> 00:14:57,560 Speaker 1: Mitt Romney was not going to give you a cell phone. Yeah, 213 00:14:57,800 --> 00:15:02,840 Speaker 1: Mitt Romney wouldn't get of your three minutes. And she said, 214 00:15:02,960 --> 00:15:05,680 Speaker 1: if I vote for Obama, he's gonna do more, He's 215 00:15:05,680 --> 00:15:09,320 Speaker 1: gonna give me more. I'm gonna get Obama phone and 216 00:15:09,400 --> 00:15:12,960 Speaker 1: I'm gonna get more. Why do you think he Why 217 00:15:12,960 --> 00:15:18,120 Speaker 1: do you think he said it that way? This is why. 218 00:15:18,160 --> 00:15:23,360 Speaker 1: This is exactly why they said it this way. It's 219 00:15:23,680 --> 00:15:28,600 Speaker 1: very it makes sense, right, this is not this is 220 00:15:28,640 --> 00:15:32,400 Speaker 1: not hard to figure out, and they realize, Wow, the 221 00:15:32,600 --> 00:15:36,000 Speaker 1: more stuff you give people, the more likely they're to 222 00:15:36,080 --> 00:15:39,760 Speaker 1: vote for you. And then if they become dependent on 223 00:15:39,800 --> 00:15:44,960 Speaker 1: you for their livelihood, for their check, they may never leave. 224 00:15:46,280 --> 00:15:49,080 Speaker 1: And if you're just taking money from other hard working Americans, 225 00:15:49,720 --> 00:15:52,520 Speaker 1: and you're making it while doing it, making the people 226 00:15:52,560 --> 00:15:55,800 Speaker 1: that don't like you weaker in the process. Then this 227 00:15:55,880 --> 00:15:58,680 Speaker 1: is a brilliant political strategy. I would also argue it's 228 00:15:58,680 --> 00:16:07,120 Speaker 1: an American but it's brilliant. It is absolutely brilliant. But 229 00:16:07,200 --> 00:16:10,040 Speaker 1: if you really want to stop this, if you really 230 00:16:10,080 --> 00:16:13,120 Speaker 1: want to fix the labor's shortage, solution it is to 231 00:16:13,200 --> 00:16:16,440 Speaker 1: stop paying people to not work. That's how simple this 232 00:16:16,640 --> 00:16:22,640 Speaker 1: actually is. There was an article back in twenty twenty 233 00:16:22,640 --> 00:16:28,480 Speaker 1: by Reason magazine, Reason dot Com Congress is paying people. 234 00:16:28,520 --> 00:16:32,680 Speaker 1: This is back in sept August September issue twenty twenty. 235 00:16:33,080 --> 00:16:36,000 Speaker 1: Quote how are the headline? Congress is paying people a 236 00:16:36,040 --> 00:16:39,000 Speaker 1: lot of money to not work. Though the unemployment insurance 237 00:16:39,040 --> 00:16:44,040 Speaker 1: benefit boost ease the immediate pain of shuddering much of 238 00:16:44,040 --> 00:16:47,680 Speaker 1: the economy, it made it harder to get things moving again. 239 00:16:47,840 --> 00:16:51,800 Speaker 1: This was back in August of last year. Perhaps as simple, 240 00:16:51,800 --> 00:16:54,120 Speaker 1: it's the most important lesson in economics is this In 241 00:16:54,240 --> 00:16:58,520 Speaker 1: sentims matter. If your tax and activity, you make it 242 00:16:58,600 --> 00:17:02,680 Speaker 1: more expensive and get less of it. If you subsidize 243 00:17:02,680 --> 00:17:04,919 Speaker 1: an activity, you make it more lucrative and get more 244 00:17:05,000 --> 00:17:09,119 Speaker 1: of it. It stands to reason then, that if you 245 00:17:09,280 --> 00:17:12,399 Speaker 1: respond to a pandemic by offering people more money to 246 00:17:12,440 --> 00:17:16,840 Speaker 1: stay unemployed than their former employers can afford to pay them, 247 00:17:17,240 --> 00:17:20,920 Speaker 1: you'll make it less likely that people return to those jobs, 248 00:17:21,400 --> 00:17:25,760 Speaker 1: causing long run disruptions of the labor force and worsening 249 00:17:25,800 --> 00:17:29,040 Speaker 1: COVID nineteen's impact on the economy. This was written in 250 00:17:29,119 --> 00:17:34,399 Speaker 1: August of twenty twenty. Roughly speaking, that's what's happening with 251 00:17:34,520 --> 00:17:38,679 Speaker 1: the cares at two point two trillion relief package passed 252 00:17:38,680 --> 00:17:41,960 Speaker 1: in March. It's part of the congressional response of coronavirus. 253 00:17:43,040 --> 00:17:46,800 Speaker 1: Among those, the largest benefits was a four month federal 254 00:17:46,840 --> 00:17:49,800 Speaker 1: boost to unemployment insurance benefits, adding six hundred a week 255 00:17:50,200 --> 00:17:53,120 Speaker 1: on top of whatever amount state programs already paid out. 256 00:17:53,640 --> 00:17:56,560 Speaker 1: In a typical state, where unemployed benefits often pay around 257 00:17:56,840 --> 00:17:59,680 Speaker 1: three hundred a week, that meant furloughed and unemployed workers 258 00:18:00,080 --> 00:18:05,960 Speaker 1: could collect nine hundred a week, more than a thousand 259 00:18:06,040 --> 00:18:10,760 Speaker 1: dollars a week if you live in California, and they 260 00:18:10,800 --> 00:18:15,440 Speaker 1: wonder why people aren't going back to work. The US 261 00:18:15,560 --> 00:18:19,760 Speaker 1: hiring boom quote crashed into a wall in April, with 262 00:18:19,920 --> 00:18:22,760 Speaker 1: employers adding just two hundred and sixty six thousand jobs. 263 00:18:22,840 --> 00:18:27,160 Speaker 1: That's not a good number, sharply missing wall streets expectations. 264 00:18:27,160 --> 00:18:31,000 Speaker 1: Amit a growing shortage of available workers. People assume that 265 00:18:31,240 --> 00:18:34,240 Speaker 1: right with so many people desperate to hire people right now, 266 00:18:34,680 --> 00:18:38,240 Speaker 1: that you would have a massive amount of job growth. 267 00:18:38,480 --> 00:18:41,240 Speaker 1: That's why the Biden administration was planning on a big 268 00:18:41,280 --> 00:18:45,119 Speaker 1: celebration of two million jobs created in the first hundred 269 00:18:45,160 --> 00:18:48,600 Speaker 1: days in office by Joe Biden. We know this is 270 00:18:48,600 --> 00:18:51,920 Speaker 1: the case. The Biden administration, of course, will never admit 271 00:18:51,960 --> 00:18:54,159 Speaker 1: it now. And this all goes back to the fact 272 00:18:54,520 --> 00:18:57,320 Speaker 1: that Americans are getting more money for not working they 273 00:18:57,320 --> 00:19:00,800 Speaker 1: would if they accepted a new job. There is currently 274 00:19:00,840 --> 00:19:03,520 Speaker 1: no incentive to go back to work because the Biden 275 00:19:03,520 --> 00:19:07,240 Speaker 1: administration refuses to fix the problem which they could fix. 276 00:19:08,640 --> 00:19:11,920 Speaker 1: Senate Minority Leader Mitch McConnell had a comment on this today. 277 00:19:12,080 --> 00:19:17,440 Speaker 1: Take a listen. We've been so generous with our plus 278 00:19:17,560 --> 00:19:21,320 Speaker 1: ups to unemployment insurance and the checks that we've been 279 00:19:21,359 --> 00:19:24,800 Speaker 1: sending everybody that a great many can tuck INDs and 280 00:19:24,920 --> 00:19:27,720 Speaker 1: Americans look at the situation and find their better off 281 00:19:29,359 --> 00:19:32,760 Speaker 1: financially to stay home rather then go back to work. 282 00:19:33,200 --> 00:19:37,919 Speaker 1: So we have inflationary issues, and we have difficulty in 283 00:19:38,000 --> 00:19:40,520 Speaker 1: getting people to do the work to meet the new demand. 284 00:19:41,400 --> 00:19:45,080 Speaker 1: He's right. Even the White House trying to change this 285 00:19:45,280 --> 00:19:47,879 Speaker 1: spin it the right way, Joe Biden saying, oh, well, 286 00:19:47,920 --> 00:19:50,080 Speaker 1: we're still a way ahead of where I thought we 287 00:19:50,080 --> 00:19:54,119 Speaker 1: were going to be. I want to put today's jobs 288 00:19:54,160 --> 00:20:01,280 Speaker 1: report in perspective, and look, we came to offer. We 289 00:20:01,359 --> 00:20:04,240 Speaker 1: knew we were facing a once in a century pandemic 290 00:20:04,920 --> 00:20:08,240 Speaker 1: and a once in a generation economic crisis. And we 291 00:20:08,320 --> 00:20:11,480 Speaker 1: knew this wouldn't be a sprint, it'd be a marathon. 292 00:20:12,240 --> 00:20:15,560 Speaker 1: Quite frankly, we're moving more rapidly than I thought we would. 293 00:20:16,160 --> 00:20:19,800 Speaker 1: This morning we learned that our economy created two hundred 294 00:20:19,840 --> 00:20:23,000 Speaker 1: and sixty six thousand jobs in April. Hadn't been adjusted 295 00:20:23,040 --> 00:20:25,600 Speaker 1: again yet, but that's what it says two sixty six. 296 00:20:26,520 --> 00:20:30,840 Speaker 1: And listening to commentators today as I was getting dressed, 297 00:20:31,200 --> 00:20:35,480 Speaker 1: you might think that we should be disappointed. But when 298 00:20:35,520 --> 00:20:38,240 Speaker 1: we passed the American rescue plan, but I love this. 299 00:20:38,359 --> 00:20:41,679 Speaker 1: I love that, he laughed. You guys were planning victory laps. 300 00:20:42,280 --> 00:20:44,840 Speaker 1: Your team was waiting for the numbers to come out 301 00:20:44,880 --> 00:20:47,520 Speaker 1: and for the numbers to be good, and you guys 302 00:20:47,560 --> 00:20:51,760 Speaker 1: were going to do a massive press announcement, a massive 303 00:20:51,760 --> 00:20:55,000 Speaker 1: amount of press saying, look, how amazing things are, Look 304 00:20:55,000 --> 00:20:58,320 Speaker 1: how great things are. That's what you guys were planning 305 00:20:58,320 --> 00:21:01,440 Speaker 1: on doing. So don't act like we're the only ones 306 00:21:01,480 --> 00:21:06,080 Speaker 1: that are disappointed here. You guys basically now like, oh crap, 307 00:21:06,200 --> 00:21:08,119 Speaker 1: what do we do? And you're trying to figure out 308 00:21:08,160 --> 00:21:12,320 Speaker 1: how to spin it that. That's the whole party here. 309 00:21:12,560 --> 00:21:14,040 Speaker 1: And I love how you're like, well, what I was 310 00:21:14,080 --> 00:21:17,840 Speaker 1: getting dressed? Ha ha ha. They were they disappointed ha ha. 311 00:21:18,960 --> 00:21:23,280 Speaker 1: And listening to commentators today as I was getting dressed, 312 00:21:23,640 --> 00:21:27,920 Speaker 1: you might think that we should be disappointed. But when 313 00:21:27,960 --> 00:21:31,000 Speaker 1: we passed the American Rescue Plan, I want to remind 314 00:21:31,000 --> 00:21:33,800 Speaker 1: anybody was designed to help us over the course of 315 00:21:33,840 --> 00:21:39,240 Speaker 1: a year, not sixty days a year. We never thought 316 00:21:39,359 --> 00:21:42,320 Speaker 1: that after the first fifty or sixty days everything would 317 00:21:42,359 --> 00:21:45,960 Speaker 1: be fine. Today, there's more evidence that our economy is 318 00:21:45,960 --> 00:21:48,960 Speaker 1: moving in the right direction, but it's clearly we have 319 00:21:49,000 --> 00:21:52,040 Speaker 1: a long way to go. All told, our economy has 320 00:21:52,080 --> 00:21:55,480 Speaker 1: added more than one million, five hundred thousand new jobs 321 00:21:55,480 --> 00:21:58,679 Speaker 1: since I took office. That's the most number of jobs 322 00:21:58,680 --> 00:22:01,000 Speaker 1: created in the first three months of any precedency in 323 00:22:01,000 --> 00:22:05,440 Speaker 1: our history. Well, there, you go it's all better now, right, 324 00:22:06,359 --> 00:22:09,200 Speaker 1: that fixes everything. We've created all these jobs. Now, have 325 00:22:09,320 --> 00:22:13,879 Speaker 1: they actually created jobs or is it the fact that 326 00:22:13,920 --> 00:22:16,280 Speaker 1: you had a bunch of people that lost their jobs 327 00:22:16,320 --> 00:22:18,439 Speaker 1: due to COVID. We're starting to get back to normal 328 00:22:18,800 --> 00:22:23,000 Speaker 1: and now it's going in the right direction. That is 329 00:22:23,000 --> 00:22:26,439 Speaker 1: the question that everybody should be asking. You have a 330 00:22:26,480 --> 00:22:32,320 Speaker 1: massive shortage of people, right. We have people begging for 331 00:22:32,560 --> 00:22:39,320 Speaker 1: people to be employed, begging saying please come to work, please, 332 00:22:39,600 --> 00:22:44,359 Speaker 1: please come to work, please, please come to work. And 333 00:22:44,440 --> 00:22:48,080 Speaker 1: what are they doing? They're not showing up? But would 334 00:22:48,080 --> 00:22:49,640 Speaker 1: you show up for work if you know you could 335 00:22:49,720 --> 00:22:52,920 Speaker 1: make more money staying at home. Look, I own businesses 336 00:22:52,920 --> 00:22:56,879 Speaker 1: and small businesses. Just to be very clear, we have 337 00:22:56,960 --> 00:22:59,800 Speaker 1: had people that have come in and quit. We've had 338 00:22:59,800 --> 00:23:02,680 Speaker 1: people come and ask us to fire them. We've asked 339 00:23:02,680 --> 00:23:05,240 Speaker 1: people to lay them off because like, hey man, I 340 00:23:05,320 --> 00:23:07,280 Speaker 1: got I got fan members and friends that they're making 341 00:23:07,320 --> 00:23:10,000 Speaker 1: more moneys at home. Could you guys like lay me off? 342 00:23:10,000 --> 00:23:12,360 Speaker 1: We're like, no, we're not gonna lay you off. Well, 343 00:23:12,359 --> 00:23:14,520 Speaker 1: I mean, could you, like, you know, like give me 344 00:23:14,560 --> 00:23:16,520 Speaker 1: a separations or something so we can just like kind 345 00:23:16,520 --> 00:23:23,320 Speaker 1: of move on. No, we're not going to do that. 346 00:23:24,400 --> 00:23:26,960 Speaker 1: We had people after the pandemic that we asked to 347 00:23:27,040 --> 00:23:31,719 Speaker 1: come back. Right after the initial shutdowns of everything, when 348 00:23:31,760 --> 00:23:35,240 Speaker 1: our businesses were forced to shut down because the government 349 00:23:35,359 --> 00:23:38,280 Speaker 1: forced us to, we called them and said we have 350 00:23:38,400 --> 00:23:40,720 Speaker 1: your job back. And there were people that said, no, 351 00:23:41,280 --> 00:23:44,560 Speaker 1: I'm gonna take the free money right this money for 352 00:23:44,760 --> 00:23:49,040 Speaker 1: not working, and I'll call you maybe down the road 353 00:23:49,160 --> 00:23:51,720 Speaker 1: if I want to work again when the money runs out. 354 00:23:53,359 --> 00:23:59,280 Speaker 1: They took their vacations, and the money kept rolling, and 355 00:23:59,359 --> 00:24:03,840 Speaker 1: the money kept rolling, and the money kept rolling, and 356 00:24:03,960 --> 00:24:06,840 Speaker 1: the money kept rolling, and then it got to a 357 00:24:06,840 --> 00:24:10,639 Speaker 1: point where you're like, well, shoot, this may never end. 358 00:24:10,680 --> 00:24:14,240 Speaker 1: This might be the best decision I've ever made. This 359 00:24:14,320 --> 00:24:18,199 Speaker 1: might be the best thing I've ever done. This is 360 00:24:19,000 --> 00:24:23,280 Speaker 1: starting to look pretty good. I'm kind of liking this 361 00:24:23,440 --> 00:24:28,199 Speaker 1: right life right now looks pretty awesome. And then when 362 00:24:28,280 --> 00:24:31,760 Speaker 1: you get busted and this is all this is hitting 363 00:24:31,760 --> 00:24:35,639 Speaker 1: the fan, as they say, now, look at what's happening. Well, 364 00:24:35,680 --> 00:24:38,720 Speaker 1: you know, we're actually I had a schedule. You got 365 00:24:38,720 --> 00:24:42,040 Speaker 1: to understand, we're actually doing better than we thought we 366 00:24:42,040 --> 00:24:46,240 Speaker 1: were going to be doing. Right now, you add all 367 00:24:46,280 --> 00:24:49,720 Speaker 1: that up, and they were talking about over a thousand 368 00:24:49,800 --> 00:24:52,720 Speaker 1: dollars for people making minimum wage that they were getting 369 00:24:52,720 --> 00:24:56,040 Speaker 1: their hands on free money over a thousand. That means 370 00:24:56,080 --> 00:24:59,080 Speaker 1: over four thousand a month for not going to work. 371 00:25:02,160 --> 00:25:07,520 Speaker 1: Why would you why would you disappear? Right? Why would 372 00:25:07,520 --> 00:25:11,919 Speaker 1: you leave your job because the government's incentivizing you to 373 00:25:12,040 --> 00:25:18,960 Speaker 1: do it? And don't think that they're just dumb. That's 374 00:25:19,000 --> 00:25:22,879 Speaker 1: the point I want you to understand. Okay, don't don't 375 00:25:23,000 --> 00:25:25,800 Speaker 1: let them off the hook. I believe this is being 376 00:25:25,840 --> 00:25:31,920 Speaker 1: done on purpose. I really do. I believe that this 377 00:25:32,000 --> 00:25:38,760 Speaker 1: is being done completely on purpose. You have people that 378 00:25:38,840 --> 00:25:42,200 Speaker 1: become dependent on you, You have people that can't live 379 00:25:42,240 --> 00:25:45,760 Speaker 1: their lives without you. Those people will vote for you. 380 00:25:46,440 --> 00:25:48,800 Speaker 1: Those people will vote for you in the midterms. When 381 00:25:48,840 --> 00:25:52,000 Speaker 1: the money stops running, right, when it stops running into 382 00:25:52,000 --> 00:25:54,320 Speaker 1: your bank account, when it starts running out, then they'll 383 00:25:54,359 --> 00:25:57,280 Speaker 1: blame the Republican Party because the Republican Party actually is 384 00:25:57,320 --> 00:25:59,320 Speaker 1: the one that said, being an adult, go back to work. 385 00:26:00,119 --> 00:26:02,320 Speaker 1: We're the people that want to keep sending you the money, right, 386 00:26:02,320 --> 00:26:05,920 Speaker 1: We're the ones that wanted to keep sending you the cash. 387 00:26:06,000 --> 00:26:08,680 Speaker 1: We're the ones that wanted to make you make sure 388 00:26:08,680 --> 00:26:11,439 Speaker 1: you had more money in your you know, we're the 389 00:26:11,440 --> 00:26:13,320 Speaker 1: ones that wanted to give you free money in your 390 00:26:13,320 --> 00:26:15,800 Speaker 1: bank account. They wanted you to have to earn your paycheck. 391 00:26:16,480 --> 00:26:18,800 Speaker 1: That is the difference between the half and the have nots. 392 00:26:18,880 --> 00:26:21,840 Speaker 1: Right now, you have a Democratic party that says we 393 00:26:21,880 --> 00:26:23,760 Speaker 1: want to take care of you, just vote for us, 394 00:26:24,000 --> 00:26:26,239 Speaker 1: and you have Republican Party says being an adult and 395 00:26:26,280 --> 00:26:28,879 Speaker 1: go and go, actually take care of yourself. There is 396 00:26:28,920 --> 00:26:35,359 Speaker 1: a big difference. Okay, there is a huge difference in 397 00:26:35,400 --> 00:26:44,320 Speaker 1: those scenarios. A huge difference in those two scenarios. All right. Lastly, 398 00:26:44,440 --> 00:26:46,720 Speaker 1: please make sure you share this podcast with your family 399 00:26:46,720 --> 00:26:49,800 Speaker 1: and friends. As you know, we've been silenced by Facebook 400 00:26:50,800 --> 00:26:53,280 Speaker 1: and we need your help making this show grow. So 401 00:26:53,359 --> 00:26:56,119 Speaker 1: please share this with your family and friends, let other 402 00:26:56,160 --> 00:26:58,760 Speaker 1: people know about this podcast. We'll see you back here tomorrow.