Speaker 1: Broadcasting live from the Abraham Lincoln Radio Studio, the George
Speaker 1: Washington Broadcast Center.
Speaker 2: Jack Armstrong and Joe Getty, I'm Strong and Getty and
Speaker 2: now he Armstrong and Getty.
Speaker 3: The President eager to get the bill across the finish
Speaker 3: line as we see prices rising amid the trade war.
Speaker 3: He launched at Walmart, the nation's largest retailer, the cost
Speaker 3: of some toys way up. A baby born doll that
Speaker 3: cost thirty four ninety seven in March now costs forty
Speaker 3: nine ninety seven, up roughly forty three percent last month.
Speaker 3: An etches sketch cost fourteen ninety seven. Now it's twenty
Speaker 3: four to ninety nine, a nearly sixty seven percent increase.
Speaker 4: Wow, the humble let's just sketch twenty five bones.
Speaker 2: That's wrong.
Speaker 4: Wow, that's not a minor increase in price. Well, in
Speaker 4: that baby born a you might as well have a
Speaker 4: real baby at that price to that Wow, the humble
Speaker 4: edge of sketch doubling in price. Yeah, frustrating its artistic
Speaker 4: so Elon Musk blaming the calling the bill an abomination.
Speaker 5: We will get into that more later, because that's one
Speaker 5: of the lead stories today, and the fact that it's
Speaker 5: the lead story is kind of its own story. But
Speaker 5: in addition to the big giant bill going through economically,
Speaker 5: we got this tariff situation. I mean, I'd like to
Speaker 5: know how many more prices there at the Walmart have
Speaker 5: gone up that much.
Speaker 4: That's a lot, right, right, Yeah, that's shocking.
Speaker 2: I'm sorry. I can't get off the.
Speaker 4: Edge of sketches is an example. I mean, at this point,
Speaker 4: you can use a free app type for ten seconds
Speaker 4: and generate a professional quality illustration of Joe Biden surfing
Speaker 4: on the back of a dolphin smoking a bong in mallow.
Speaker 5: And I want to do the sketch the stairstep stairsteps, stairstep,
Speaker 5: stairsteps stairstep exactly painstakingly.
Speaker 4: If you jostle it at all and it ruins all
Speaker 4: your work. Yes, that instead of the uh chat GPT
Speaker 4: or what have you.
Speaker 2: Uh So, it's funny. I had a thought as we.
Speaker 4: Were getting the material together for this segment, I'm picturing
Speaker 4: myself back in college and no need for gladys. This
Speaker 4: didn't actually happen taking some you know, high level political
Speaker 4: science class where they said, all right, we're gonna describe
Speaker 4: this scenario for you. You have two superpowers, one well established,
Speaker 4: one rising. They are mortal enemies in sworn to dominate
Speaker 4: each other, and yet they have a huge and life
Speaker 4: sustaining trade relationship. Hostilities begin now keeping in mind each
Speaker 4: country's best interests. How do you think lovedon? I would
Speaker 4: I would think.
Speaker 6: Wait, wait, how did they get? But why would they
Speaker 6: have that rip? Who's whose ideal was this? This is undenable,
Speaker 6: there's no sill to this. I'd throw out my hands.
Speaker 6: And yet here we are.
Speaker 4: It's time to look in the China Cabinet Trade Edition, China.
Speaker 2: That's right, that makes me laugh every time.
Speaker 4: Not very cleverly named a look in the China Cabinet.
Speaker 4: As we consider number of stories about China again all
Speaker 4: Trade Edition. First of all, Gavey knew someome of cal
Speaker 4: Unicornia and Karen Bass and others are about to engage
Speaker 4: in a closed door meeting with Chinese trade officials as
Speaker 4: part of GAVI's attempt to establish California as some sort
Speaker 4: of quasi nation. I suppose then have happy, joy joy
Speaker 4: meetings with various Chinese corporations and trade officials, and that
Speaker 4: sort of thing. Worth noting that, in a public warning,
Speaker 4: a couple of years ago, during the horrific Biden years,
Speaker 4: the Office of the Director of National Intelligence said that
Speaker 4: state and local officials are at risk of being manipulated
Speaker 4: to support China Chinese government's agenda, particularly through trade and investment.
Speaker 2: Quote.
Speaker 4: Financial incentives may be used to hook US state and
Speaker 4: local leaders given their focus on local economic issues, the
Speaker 4: bulletin said, but Gavey will be hobnobbing with the Chinese communists. Nonetheless,
Speaker 4: moving along, here's the headline for you. You may have
Speaker 4: heard that Trump, you know, hit China with the tariffs
Speaker 4: and various tip tat retaliation took place. And one thing,
Speaker 4: Sijin Ping and his new guy is new negotiator who
Speaker 4: will talk about in a second if we have time.
Speaker 4: He's a hard ass. He is interestingly Jack his name
Speaker 4: is he? So you got he and she in charge
Speaker 4: of China at this point. Slightly confused. I don't like
Speaker 4: the pronouns heterosexual couple anyway. Anyway, he's a hard ass
Speaker 4: and he is advice jan paying. Look, they need the
Speaker 4: pressure of the rare earth materials for their magnets for
Speaker 4: all sorts of technologies.
Speaker 2: We just won't give them any rare stuff.
Speaker 4: And or a couple of months ago they said they would,
Speaker 4: but they're slow walking it badly. So the headline is
Speaker 4: automakers race to find workaround to China's stranglehold on rare
Speaker 4: earth magnets. Listen to this now, major manufacturers, fearful they
Speaker 4: will have to shut down assembly lines both on electric
Speaker 4: and conventional vehicles, are considering moving some parts production to China.
Speaker 4: They're fearful they might have to shut down the production vehicles,
Speaker 4: or mister President, move their production of certain parts to
Speaker 4: China to avoid complete factory shutdowns. Automakers end up shifting
Speaker 4: production to China, it would amount to a remarkable outcome
Speaker 4: for a trade boar initiated by President Trump. That's what's
Speaker 4: going to say, remarkable outcome. That's not exactly what the
Speaker 4: plan was. A couple of the rare earth metals included
Speaker 4: in the consideration Jack include disprosy. I was so excited
Speaker 4: about pronouncing that, right, disprosium and urbium.
Speaker 5: Urbium is a metal. You know we ought to play
Speaker 5: rare earth mineral or made up? Yeah, no kidding, I
Speaker 5: think I bought you this ring.
Speaker 2: It's made of turbium, very rare, and the band dysprosium.
Speaker 2: Oh moving along.
Speaker 4: China's new trade negotiator is a hard ass.
Speaker 2: This is he, he to she.
Speaker 4: The previous guy was a US educated realist who is like,
Speaker 4: all right, we both need to make money.
Speaker 2: Let's stay cool now.
Speaker 4: This guy is a deaded communist, dedicated communist, and a
Speaker 4: loyalist to shij and Ping. He a firm believer in
Speaker 4: state control just like his boss. She has a clear
Speaker 4: mandate of not catering to America. Last month's Geneva deal,
Speaker 4: which China saw as a win, showed she the value
Speaker 4: of sticking to his guns, according to people who consult
Speaker 4: with senior Chinese officials, so they have decided to get
Speaker 4: tougher and strategically. She feels empower to harden his position
Speaker 4: from the first term of Trump because the arsenal of
Speaker 4: trade tools China's built under his leadership include export controls
Speaker 4: of critical materials used to make this the rarest stuff
Speaker 4: we were talking about, and some other stuff but that
Speaker 4: are necessary to make chips, cars and the F thirty
Speaker 4: five jets. So it gives China the ability to cause
Speaker 4: real pain for the US. And finally, anybody who's done
Speaker 4: business with China's familiar with the idea of industrial espionage.
Speaker 4: The self driving truck startup that siphon trade secrets to
Speaker 4: Chinese companies. It's a company called Too Simple, Tu Simple,
Speaker 4: and I want you to maybe have a uh TikTok
Speaker 4: in the back of your mind or the idea of, well,
Speaker 4: it's a Chinese company, but it's not, you know, it's
Speaker 4: not a state run enterprise. A week after one of
Speaker 4: America's largest self driving truck companies promised the US government
Speaker 4: it would stop sharing sensitive technology with Chinese partners, Too
Speaker 4: Simple transferred a trove.
Speaker 2: Of data to a Beijing owned firm. Why were there
Speaker 2: a lot of deep Why were we sharing it in
Speaker 2: the first place?
Speaker 4: Let me get to that they want a lot of details,
Speaker 4: said Jooling Han, us based Too Simple Holdings employee to
Speaker 4: a colleague. Leading Chinese commercial truck manufacturer Photon, sought the
Speaker 4: data from Too Simples many test drives around Texas very
Speaker 4: time consuming, expensive, technologically challenging test drives of self driving
Speaker 4: trucks all over Texas. Too Simple was the leader in
Speaker 4: the global race to develop self driving trucks that could
Speaker 4: solve chronic drive shortages, make freight hauling cheaper, bolster military operations.
Speaker 4: Founded by two Chinese entrepreneurs with money from a Chinese
Speaker 4: business mogul. The San Diego based company set a record
Speaker 4: when it structs traveled eighty miles in Arizona without a
Speaker 4: human driver, and the minute the Chinese based firm said hey,
Speaker 4: we need all your data, they send it all. That
Speaker 4: is emblematic of what I'm always ranting about that Chinese nationals,
Speaker 4: whether now or in the future, will be on the
Speaker 4: hook for Shesion Ping's orders, all of them, every single one.
Speaker 4: So what do I want to round up every Chinese
Speaker 4: American or Chinese student in the car? No, of course not.
Speaker 4: It's a impractical and be unnecessary. But the awareness that
Speaker 4: that possibility is not only like extant that it.
Speaker 2: Exists, but it looms large.
Speaker 4: If you've got a a company started by two Chinese
Speaker 4: citizens I think uh founded by two Chinese entrepreneurs with
Speaker 4: money from a Chinese business mogul based in San Diego,
Speaker 4: it's a troubling look inside the China cabinet.
Speaker 5: If we end up losing to China or being surpassed
Speaker 5: by China number of ways. The way we allowed that
Speaker 5: to happen is one of the biggest stories in history.
Speaker 5: It's like Athens and Sparta stuff. I mean it's just huge.
Speaker 4: Yeah, it's the Trojan Horse, but over the course of
Speaker 4: decades and an enormously complex operation. But the Chinese never
Speaker 4: underestimate your enemy.
Speaker 2: You know.
Speaker 4: Not only did Sung two say that, but many generals
Speaker 4: have throughout history, military theoreticians, they understand American people a
Speaker 4: are super business horps it. If there's money to be made,
Speaker 4: we're interested. And secondly, we're friendly and open hearted, and
Speaker 4: we think everybody else is too until they've stabbed us twice.
Speaker 4: They could stab us once and we think, well, maybe
Speaker 4: that was a mistake because we're so naive about other
Speaker 4: cultures around the world. So you combine that, you know,
Speaker 4: business friendliness with just an open heartedness, and we're incredibly
Speaker 4: easy to deceive as a people.
Speaker 5: That's a nice little feature you put together there. I
Speaker 5: got a handful of things that don't fit into any feature.
Speaker 5: I just think they're interesting. Something somebody heard in a
Speaker 5: government meeting yesterday that I found funny new movie that's out,
Speaker 5: a biopic that I'm kind of interested in. A bunch
Speaker 5: of other stuff on the way mine more details coming
Speaker 5: out on that Ukrainian strike in Russia. Freaking fascinating, lots
Speaker 5: of stuff on the way, stay here.
Speaker 7: Colorado Rockies became the third fastest team to reach fifty
Speaker 7: losses in an MLB history, making them the worst team
Speaker 7: in the last one hundred and twenty five years. In response,
Speaker 7: the team has announced that at future games they're changing
Speaker 7: take me out to the ballgame to take me out
Speaker 7: behind the shed and kill me.
Speaker 4: Wow, it's a little dark kind of joke of that. Hey,
Speaker 4: they'll turn it around. You're gonna bring some boys up
Speaker 4: from Triple A.
Speaker 2: It'll be fine.
Speaker 5: Remember, originally the Colorado need to gold yeller on them. Yes,
Speaker 5: Originally when the Colorado Rocky started playing, it was the
Speaker 5: air is so thin and home runs unfair advantage, blah
Speaker 5: blah blah. Now they're the worst team in one hundred
Speaker 5: and twenty five years.
Speaker 2: So yeah, whoops.
Speaker 5: A number of things for you just came across this.
Speaker 5: The Army has met its recruitment goal four months early.
Speaker 5: That's a different vibe that we apparently have in the
Speaker 5: country going right now than was happening under oh Man Biden.
Speaker 5: Different story. This is from a government meeting. I'll be
Speaker 5: very vague. I don't want to get anybody in trouble
Speaker 5: who told me yesterday at this government meeting they were at.
Speaker 5: It was an all day meeting. At the start of
Speaker 5: one of the meetings, a woman raised her hand and
Speaker 5: tearfully asked that the speaker stop saying you guys because
Speaker 5: it was gender hurtful. So now the speaker says, y'all, wow,
Speaker 5: I know it's hard to believe that actually exists.
Speaker 2: Please then not use gendered language to advress everyone. Again.
Speaker 2: That's the you people are crazy morons.
Speaker 4: Meme of like a decade ago, or certainly five years ago.
Speaker 2: When did the NBA Finals start? Michael? Is that tonight?
Speaker 2: I believe so. Yeah, Pacers and City.
Speaker 6: Yeah.
Speaker 2: And I think the Thunder just gonna win the whole thing. Yeah.
Speaker 5: I don't know what the ratings are going to be
Speaker 5: like either, anyway, Uh, just gonna mention this. The Knicks
Speaker 5: had the best run, the New York Kniggs had the
Speaker 5: best run they'd had in a quarter of a century,
Speaker 5: and they fired the code because they didn't make it further.
Speaker 5: I have been with my favorite teams on the wrong
Speaker 5: end of this many times. You have the best season
Speaker 5: you've ever had, but don't make it all the way
Speaker 5: to your fiery coach, and then it's another quarter century.
Speaker 2: Before you ever get close again. I don't understand that. Yeah,
Speaker 2: we would have gone all the way if it weren't
Speaker 2: for that.
Speaker 4: More on, let's switch everything out because we're automatically going
Speaker 4: to be as good next year.
Speaker 2: Yeah. Anyway, that's a funny thing that happens in sports.
Speaker 5: Speaking of sports, a biopick coming out about one of
Speaker 5: the more fascinating people in all of history of sports,
Speaker 5: Raiders coach, then popular announcer than video game mogul. As
Speaker 5: my son is super into playing Madden right now, John Madden.
Speaker 5: Have you seen the pictures of Nicholas Cage as John Madden?
Speaker 2: I have not let me test Cage. Let me text
Speaker 2: that to everybody right now.
Speaker 4: Yeah, Nicholas Cage is going to play John Madden in
Speaker 4: the bio pick And in this picture right here, he
Speaker 4: looks exactly like young John Madden, who used to stroll
Speaker 4: the line with his shaggy hair the sidelines as the
Speaker 4: coach of the Oakland Raiders.
Speaker 2: So looks pretty good to me.
Speaker 4: I'd like to see a biopic of Nicholas Cage, who
Speaker 4: will like make any movie that will write him a check,
Speaker 4: no matter how ridiculous and is an extremely gifted actor.
Speaker 4: Oh yeah, I mean he's had some great role goes
Speaker 4: back and forth between super amazing art and then just
Speaker 4: crap for a bacheic Maybe that's how he funds.
Speaker 2: The art, right sure. And then for some reason yesterday
Speaker 2: I came across this.
Speaker 5: I know this was a story like six months ago,
Speaker 5: the whole you can stop a baby from crying by
Speaker 5: throwing a slice of cheese on their head? Have you
Speaker 5: ever actually watched in these videos?
Speaker 2: Not that I recall, pretty entertaining. It's lots sounds like it.
Speaker 5: It's lots and lots of babies crying, and then you
Speaker 5: throw a slice of that, you know, not really cheese,
Speaker 5: American cheese on their head, and.
Speaker 4: You're not throwing it at the baby. You're just tossing
Speaker 4: it their head. Pretty close to throwing it at the baby.
Speaker 4: I don't yeah it throwing it at the baby. You
Speaker 4: throw the cheese I'm not comfortable slaps on their head
Speaker 4: and then they stop crying, which is not surprising in
Speaker 4: that if you know, if you've had a crying baby
Speaker 4: and you say.
Speaker 2: Hey, now what's going on? Who's who's in a good mood?
Speaker 2: You know, you can.
Speaker 5: You can just you just interrupt their flow or what
Speaker 5: they're thinking about. Often they stopped crying, but so will
Speaker 5: slice the cheese apparently, But it's pretty funny.
Speaker 8: Yes, yes, Katie, I don't know about the baby one,
Speaker 8: but I have seen the trend where people are doing
Speaker 8: this with their cats.
Speaker 2: Oh really, hey, so I'm behind your toddlers of body training.
Speaker 2: Isn't going well? Hit them in the head with a ham?
Speaker 2: I mean, what the hell? This is child abuse.
Speaker 4: I won't sit around chuckling about this so dary product
Speaker 4: involved child abuse?
Speaker 5: What do you do with the slice of cheese and
Speaker 5: the cat? I mean, what what? What reaction are you
Speaker 5: trying to get?
Speaker 2: Exact same thing as the baby?
Speaker 5: They just kind of lean back and you know, did
Speaker 5: you to figure out why.
Speaker 2: You just toss a piece of cheese on my head?
Speaker 2: Cheese my face?
Speaker 4: It is definitely an interrupter if you will, yeah, yeah, yeah, yeah,
Speaker 4: yeah yeah, it gets your.
Speaker 2: Where was I before this cheese was thrown on my head? Ah? Yes,
Speaker 2: the crying more news of the day. Ah what Elon
Speaker 2: Musk said, ooh drama.
Speaker 5: I feel a little complicit in this, although I still
Speaker 5: think it was an interesting story. So There is a
Speaker 5: been a couple of profiles on the daughter of the
Speaker 5: weird flamethrower psychopath terrorist uh Boulder suspect's daughter dreamed of
Speaker 5: studying medicine.
Speaker 2: Now she faces deportation.
Speaker 5: US day to day has As somebody pointed out, I'm
Speaker 5: glad you USA Today found the real victim. They've done
Speaker 5: zero profiles and any of the people burned in the attack.
Speaker 2: Right, Yeah, USA Today is shameless. Yeah.
Speaker 5: It is interesting though that it seems his daughter is
Speaker 5: an American loving successful What a great country where a
Speaker 5: woman can be a doctor person and her dad is
Speaker 5: a nut job?
Speaker 2: Is lomiest scumbag? Yes?
Speaker 4: Correct, coming up next segment. And I don't think I'm
Speaker 4: over selling this. I've figured it all out. I don't
Speaker 4: think I'm over selling this. I've figured it all out.
Speaker 4: We're talking the national debt and deficit and what the
Speaker 4: future is going to be. Just because I've figured it
Speaker 4: out doesn't mean you're gonna like it.
Speaker 2: Stay with us.
Speaker 5: My son hits me with that every once in a while.
Speaker 5: You know that I've figured out the meaning of life.
Speaker 4: Okay, finally, Yes, So this's got a lot of attention. Yesterday,
Speaker 4: Peter Doocey in the White House press room.
Speaker 5: This gets to the whole auto pen. Who was running
Speaker 5: the country. Did Joe Biden know what he was doing?
Speaker 2: Story?
Speaker 8: Look at these last minute pardons, the big ones, Biden siblings,
Speaker 8: Fauci January sixth Committee. Most of the big ones had
Speaker 8: the same, very neat signature. We would expect that probably
Speaker 8: to be the auto pen. There is one that looks different,
Speaker 8: It looks authentic. Is this White House of the opinion
Speaker 8: that the only pardon that would count is one of
Speaker 8: the presidents signed himself.
Speaker 2: Very interesting.
Speaker 1: The President is making a good point when he discusses
Speaker 1: the usage of the autopen. Who was running the country
Speaker 1: for the past four years. Perhaps those documents were signed
Speaker 1: with the autopen. Something that this I believe the Department
Speaker 1: of Justice is looking into. As you saw Ed Martin
Speaker 1: made an announcement at the Department of Justice this morning
Speaker 1: to launch an investigation because the American people deserve answers.
Speaker 5: So we have James Colmer, he's head of the committee.
Speaker 5: I'll just sum up for him so he can move on.
Speaker 4: He says they're going to bring some White House staffers
Speaker 4: in front of Congress and do some grilling and we'll see.
Speaker 4: But it is kind of interesting that in that flurry
Speaker 4: of last minute pardons there's a bunch that appear to
Speaker 4: be the auto pen. It's hard to argue that Biden
Speaker 4: wasn't behind those, since it was his own family and everything.
Speaker 4: But then there's one extra with a different signature. Did
Speaker 4: somebody slide that in? And you know the most of
Speaker 4: the most of these or was that the only one
Speaker 4: the Mummy was aware of?
Speaker 2: True? True? Yeah?
Speaker 4: Yeah, and yeah, and the whole the whole move there
Speaker 4: in the last week to take drug offenders and move
Speaker 4: their life sentence to probation or whatever. Was that super
Speaker 4: progressive staff members that were into that, or was that
Speaker 4: a big Joe Biden caused his whole life? And I
Speaker 4: remember at the time it.
Speaker 2: Seemed kind of weird. Yeah.
Speaker 4: I still predicted very little will come of this because
Speaker 4: it's going to be impossible to nail down anything significant.
Speaker 4: But yeah, there was the Pollit Buro, as Tapper and
Speaker 4: Thompson called them in the book, were running the White
Speaker 4: House to a large extent. I just I'm not sure
Speaker 4: there's any goal at the end of this rainbow.
Speaker 5: Which is disappointing. But then there's one story I forget
Speaker 5: what the policy was. But when Mike Johnson became Speaker
Speaker 5: of the House, he met finally got to meet with
Speaker 5: Joe Biden, and he said, why did you sign the
Speaker 5: whatever it was, because that, you know, hurts this and
Speaker 5: hurts that and everything like that.
Speaker 2: And Joe Biden said, I didn't sign that. I'm still
Speaker 2: studying that. And Johnson said, no, you signed it.
Speaker 5: So either the old senile man forgot he signed it,
Speaker 5: which is perfectly believable. I mean, he talked about a
Speaker 5: woman being dead, then two minutes later asked to talk
Speaker 5: to her, so you know.
Speaker 2: He told the same story twice back to.
Speaker 5: Back, right, So he could forget signing a bill, or
Speaker 5: somebody signed it for him and he didn't know.
Speaker 2: Which is also possible.
Speaker 4: Yeah, at the time, I took it to be a
Speaker 4: senility story, but it absolutely could be, you know the latter. Yeah,
Speaker 4: I'm not saying don't investigate it because it's an interesting question.
Speaker 2: I heard somebody say the other day. Not somebody. It
Speaker 2: wasn't like the guideline at the grocery store.
Speaker 4: It was a learned commentator saying, you know, the only
Speaker 4: thing that the constitution says the president actually has to
Speaker 4: sign is a bill, but I don't know there are
Speaker 4: probably statutes surrounding that. That's just something I heard coming up.
Speaker 4: I've figured it all out. Stay with wow.
Speaker 5: Yeah, you know I would go ahead and be late
Speaker 5: for work to hear it all has been figured out.
Speaker 4: Yeah. I'm still waiting for the Joe Getty Cold Warrior jingle,
Speaker 4: which I've requested because I have some more China news reasons.
Speaker 4: Well yeah, yeah, reasons to be extremely suspicious of China
Speaker 4: and it's various entities.
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Speaker 4: simply Safe. So I was talking about this trucking company
Speaker 4: that was sending all of its data to China a
Speaker 4: week after it swore to the US government that it
Speaker 4: wouldn't because the the state of the ability to monitor
Speaker 4: that sort of thing and crack down on it is
Speaker 4: very tenuous, very wishy washy, honestly, because we're still emerging
Speaker 4: from the haze of that China just wants to engage
Speaker 4: in trade and be our friends. Period of stupidity. But
Speaker 4: so anyway, I scrolled down too far. So this is
Speaker 4: too simple. A leader in the global race to develop
Speaker 4: self driving trucks, they sent a bunch of data to Beijing.
Speaker 2: Blah blah blah.
Speaker 4: Within a year and a half of this coming, Delight
Speaker 4: Too Simple voluntarily just shut down its US operations, auctioned
Speaker 4: off its truck, delisted from the Nasdaq, Its leaders moved
Speaker 4: hundreds of millions of dollars raised from US investors from
Speaker 4: the company's accounts to China, according to legal documents, and
Speaker 4: started new business ventures.
Speaker 5: Wow, well, it's clear what happened there. The whole thing
Speaker 5: was a ruse, the entire thing.
Speaker 4: Yeah, yeah, I would agree, or at least it was
Speaker 4: using the United States for our assets and our freedom.
Speaker 2: And the moment.
Speaker 4: We said no, you're going way too far and sharing,
Speaker 4: you know, confidential data with the Chinese communists, they said,
Speaker 4: all right, we're out, We're taking our money, goodbye. So
Speaker 4: just know what you're dealing with when you're dealing with
Speaker 4: the Chinese.
Speaker 2: Was I supposed to have something?
Speaker 4: Oh, I don't know. We could break now. I thought,
Speaker 4: that's on talking on, Yeah, why not? After one more
Speaker 4: quick mention, the phrase welcome in is driving people crazy?
Speaker 5: What highly controversial? Welcome in? Does somebody say that to you?
Speaker 5: When do people say that to you?
Speaker 2: Oh? All the time they do, Oh yeah.
Speaker 4: Welcome in, welcome homes or a restaurant all of the
Speaker 4: above stores, and it's driving people great facilities. Yes, why
Speaker 4: do people say welcome in all of a sudden Why
Speaker 4: not just welcome? Why?
Speaker 5: I don't ever interact with people, so I'm the wrong person.
Speaker 5: But also that gets to the whole we've got to
Speaker 5: I saved this for today because I wanted to talk
Speaker 5: about it when you were here.
Speaker 2: The whole.
Speaker 5: Is there a crisis with men, adult men and friends
Speaker 5: in America? Aw, some people just claim there is. I
Speaker 5: don't know if there is or not, But we'll talk
Speaker 5: about that later. So coming up the solution to the
Speaker 5: national debt problem. You're going to hate it.
Speaker 4: Stay with us, Armstrong he Yetti.
Speaker 3: Just days after leaving the Trump administration, Elon Musk ripping
Speaker 3: into the bill at the heart of President Trump's agenda.
Speaker 3: I'm sorry, but I just can't stand it anymore, Musk
Speaker 3: posted on x this massive, outrageous, pork filled congressional spending
Speaker 3: bill is a disgusting abomination. It comes just hours after
Speaker 3: Trump declared the bill a big winner, but Musk now
Speaker 3: insisting the bill will massively increase the already gigantic budget
Speaker 3: deficit to two point five trillion dollars and burden American
Speaker 3: citizens with crushingly unsustainable debt.
Speaker 5: The rest of that tweet was Elon saying everybody who
Speaker 5: voted for it should be ashamed of themselves.
Speaker 2: Right.
Speaker 4: One more voice, this is Senator John Thune of Sandy,
Speaker 4: of South Dakota rather thirty three.
Speaker 9: Michael, will this lead to higher deficits? The answer to
Speaker 9: that is no, They're going to get growth in the economy.
Speaker 9: And when the economy again is grow on expanding, you
Speaker 9: get more government revenue. Add to that the almost a
Speaker 9: couple of trillion dollars in cuts that are in the bill,
Speaker 9: and you have the most significant reduction in spending and
Speaker 9: biggest amount of savings in history.
Speaker 4: Okay, so we're going did you want to throw in
Speaker 4: one comment before we plunge ahead?
Speaker 5: The saving The savings are always on the back end
Speaker 5: and don't happen the the Yeah.
Speaker 2: Yeah, yeah, absolutely true. So through the use of two.
Speaker 4: Emails, we will set up the problem. Then I will
Speaker 4: hit you with the obvious solution that is not only
Speaker 4: going to happen, it's happening now. Cannibalism, that's part of it.
Speaker 4: So JT writes, both sides live about taxes and spending.
Speaker 4: They lie to us, probably to themselves. The so called
Speaker 4: Big Beautiful Bill will make the Trump tax cuts permanent
Speaker 4: until they aren't, and they will stimulate the economy more
Speaker 4: than letting them expire. But our economic debt problem won't
Speaker 4: be solved by keeping the tax rates as they are
Speaker 4: right now. Tax cuts won't pay for themselves completely.
Speaker 2: They never do.
Speaker 4: Alternatively, tax rate increases never bring down the deficit or
Speaker 4: the debt. The government just spends more, etc. Blah blah blah.
Speaker 2: So that's the problem.
Speaker 4: Obviously, nobody's willing to do anything about it politically. This
Speaker 4: is a brilliant, elegant solution to the debt problem.
Speaker 2: It is also horrifying.
Speaker 4: This is from frequent correspondent Pawlow, who's compiled a couple
Speaker 4: of different sources, and I am completely convinced if this
Speaker 4: is in any way wrong, Please tell us why. Mail
Speaker 4: bag at Armstrong e getty dot com. A theory about
Speaker 4: Trump's economic strategy, and it's not just Trump's by the way,
Speaker 4: to intro Intrapolo's flow, They're going to let inflation fix
Speaker 4: the debt.
Speaker 2: It's not a new idea.
Speaker 4: Fixing it in a sensible way is probably politically impossible anyway,
Speaker 4: ladies and gentlemen. We have an enormous debt, and it
Speaker 4: is practically politically impossible to raise taxes enough or cut
Speaker 4: spending enough to retire that debt and those deficits. So
Speaker 4: what if we could enact a gigantic hidden tax that
Speaker 4: people didn't realize they were being taxed.
Speaker 2: That's inflation.
Speaker 4: If you've been listening to the show, we explained it
Speaker 4: many times how inflation is a hidden tax. You accumulate
Speaker 4: a certain amount of debt, you print enough money and
Speaker 4: put it out into circulation.
Speaker 2: That million dollars of debt you owed.
Speaker 4: A few years later, a million dollars feels like half
Speaker 4: a million dollars. You know how inflation work. If it's prices,
Speaker 4: it's in reverse. But it's almost like you look back
Speaker 4: at the rent you paid in nineteen ninety four and
Speaker 4: you're thinking, wow, that's quaint. Well what if that was
Speaker 4: a debt, you'd think, wow, that's quaint.
Speaker 2: I can pay that off.
Speaker 4: Right. So, getting back to Powello's email, Trump wants to
Speaker 4: goose the booming economy. He'll do it and let fiscal
Speaker 4: policy resolve the situation later, or at least that's how
Speaker 4: we'll rationalize it, and again the Democrats are fully on board.
Speaker 2: My god, look at the inflation during the Biden years.
Speaker 4: All it takes is a fed that keeps interest rates low,
Speaker 4: come hell or high water, and inflation be damned. The
Speaker 4: inflation that follows effectively lowers the debt and effectively taxes
Speaker 4: everybody at an equal, hard to predict and probably very
Speaker 4: high rate. That's probably a doable plan, just takes a
Speaker 4: handful of people to pull it off. Anything that requires
Speaker 4: Congress will probably never happen. It's called fiscal dominance. And
Speaker 4: I've got a couple of articles that we could get
Speaker 4: a little more into detail, slash into the weeds, but
Speaker 4: you've got the broad outlines of it. We pay off
Speaker 4: the debt through fueling inflation.
Speaker 2: Well, just from.
Speaker 5: A tax standpoint, if you treat it as a tax,
Speaker 5: at least it gets spread among everybody, and it's not
Speaker 5: the very very narrow tax base that is so incredibly
Speaker 5: unfair and.
Speaker 2: Keeps us from ever dealing with anything.
Speaker 5: But that doesn't work in this case, because we just
Speaker 5: can't keep spending more than we take in and hiding
Speaker 5: it in Inflation is not a good idea.
Speaker 4: Oh no, it's a horrifying idea. Yeah, it is, what's
Speaker 4: going to happen. Yeah, Nick G. Lispie is a guy
Speaker 4: who runs reason on their libertarians. He's a hardcore libertarian.
Speaker 4: Oh he's wears the other jacket. It's the libertarian look.
Speaker 4: He was, really, you want to be ready.
Speaker 5: He was responding to Senator Tom Cotton who tweeted out
Speaker 5: today our tax cuts were set up America for economic growth,
Speaker 5: and he said, simply, Nick Gllspie said, simply not true.
Speaker 5: The best thing you could do is reduce spending. That's
Speaker 5: the one thing the government could actually control with spending.
Speaker 5: And Republicans like Democrats, never cut spending yet. That's the way.
Speaker 4: It's just like if you want a diet, you can
Speaker 4: work out really really hard, but you gotta stop eating
Speaker 4: cake and ice cream. You gotta stop taking in all
Speaker 4: the glories if you really want to get it under control.
Speaker 4: Sure you don't grow on the economy, that's all great,
Speaker 4: But we gotta stop spending so much.
Speaker 2: You just have to.
Speaker 4: It's the only way you're actually going to ever get there.
Speaker 4: But we won't, or we haven't yet. Well, I think
Speaker 4: our two grimly realistic correspondents absolutely nailed it. Americans won't
Speaker 4: consent to taxes high enough to take care of the problem.
Speaker 2: Congress wouldn't even try to pass it anyway.
Speaker 4: It's politically untenable, and as we've seen illustrated all too
Speaker 4: vividly in the recent Republican effort to do anything about Medicaid. Yeah,
Speaker 4: which if you're not familiar with it, it's gone from
Speaker 4: a very small program that was supposed to help the
Speaker 4: most beleaguered and poor among us to now a program
Speaker 4: for millions and millions of able bodied working people who
Speaker 4: just don't feel like working, and they're on the government
Speaker 4: doll even raining that in slightly. The Democrats mobilized a
Speaker 4: massive and fairly effective they're trying to render blind people
Speaker 4: homeless and kick poverty stricken babies, and it worked enough
Speaker 4: that Republicans backed off. They thought, there's no win in
Speaker 4: this fight. Screw it, We'll just keep Medicaid as it is.
Speaker 5: Yeah, the Republicans I see on any of the talk shows,
Speaker 5: they don't do a good job of selling it as Hey,
Speaker 5: we got a bunch of lazy bums on Medicaid that
Speaker 5: shouldn't be getting it. They must think that politically that
Speaker 5: doesn't work, you know.
Speaker 2: I read a piece by Carl Rove.
Speaker 4: And I know a lot of people in the kind
Speaker 4: of the newer Conservatism don't like Carl Rove at all.
Speaker 4: And you know, he's got a flaw. He's got flaws
Speaker 4: like all of us. But he was arguing and he
Speaker 4: fleshed it out. I might be able to find it.
Speaker 4: But he said, look, we've just got to pitch the
Speaker 4: idea that there are freeloaders ripping off the system. Just
Speaker 4: use the word freeloaders and point out how the freeloaders
Speaker 4: are taking benefits from the blind people and the poor
Speaker 4: people and the.
Speaker 2: Babies, which is true.
Speaker 4: And I read it and I thought, that's brilliantly obviously,
Speaker 4: simply effective. But either the Republicans are gutless cowards, which
Speaker 4: is certainly possible, or they have perceived that no, that
Speaker 4: just it doesn't work, it's too easy to frighten people,
Speaker 4: or we're.
Speaker 2: Not even going to try.
Speaker 5: Or is it that along with those freeloaders have been
Speaker 5: voting republic in the last couple of cycles, they're now
Speaker 5: Trump voters, They're now Republican voters. The freeloaders, Hello, we
Speaker 5: can't be calling out the freeloaders.
Speaker 4: Right, your rust belt, your Appalachia whatever, where the plant
Speaker 4: is closed and everybody's on disability now and getting government checks. Yeah,
Speaker 4: it's the hillbilly elogy crowd. Honestly, JD tell us about it. Yeah,
Speaker 4: that's really frustrating. Yeah, I'm sorry to bring you bad tidings.
Speaker 4: But now that I see it, I see the problem
Speaker 4: in the solution, it makes perfect sense. It's a puzzle
Speaker 4: piece that fits.
Speaker 5: The latest number from the CBO just came out on
Speaker 5: the disgusting abomination and says the bill could add two
Speaker 5: point four trillion dollars to the national debt over the
Speaker 5: next decade. The CBO, of course, it's if it's your
Speaker 5: opponent's bill, you claim it's accurate. If it's your bill,
Speaker 5: you claim they never get it right, and then it
Speaker 5: flips when they the other.
Speaker 2: Side has power.
Speaker 4: Of course, keep in mind, is you pointed out quite
Speaker 4: aptly not long ago. The spending is immediate, The savings
Speaker 4: and the cuts are a few years down the road,
Speaker 4: and they never end up happening. No, so the CBO
Speaker 4: is underestimated. I would guess the adding to the debt.
Speaker 5: Yeah, and Mike Johnson can make accurate arguments about cutting
Speaker 5: spending mathematically, but if the spending is down the road
Speaker 5: when there will be a different administration in different Congress,
Speaker 5: and then they do away with it at the time,
Speaker 5: doesn't make any difference.
Speaker 2: And that has happened over and over and over again.
Speaker 4: Yeah, honey, if we buy this vote, I will give
Speaker 4: up drinking and golf in twenty twenty seven.
Speaker 2: My argument for us being right is just look at
Speaker 2: a graph of US debt.
Speaker 5: It only goes one direction, no matter who's president, no
Speaker 5: matter who has control of all three branches, it just
Speaker 5: goes one way.
Speaker 2: Oh no, that's just a technicality. I don't see your
Speaker 2: point at all. Oh my god, it's frustrating. Yeah, so
Speaker 2: democracy doesn't work anymore. We tried. We gave it a
Speaker 2: good try.
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