Speaker 1: Broadcasting live from the Abraham Lincoln Radio Studio, the George
Speaker 1: Washington Broadcast Center, Jack Armstrong Show, Caddy Armstrong and Jettie
Speaker 1: and now he.
Speaker 2: Arms live from Studio c Please any are we were
Speaker 2: going to broadcast live from Cuba today but we couldn't
Speaker 2: get a plane.
Speaker 1: Get fashion now plod deep within the bowels of.
Speaker 2: The Armstrong and Getty Communications compound, and today we are
Speaker 2: toiling under the title of the show Amazon Ceo delivers
Speaker 2: Truth Bombs Overnight or Cuba Libre, You dirty cobbies. You're
Speaker 2: gonna free up Cuba next here we go. So yeah,
Speaker 2: So I remember right after Venezuela and then there was
Speaker 2: talk of as gonna be first, it's gonna be Iran,
Speaker 2: then it's gonna be Cuba.
Speaker 1: Kind of when we were all thinking Iran.
Speaker 2: Would take like a week or something, I guess and uh,
Speaker 2: but that didn't work out that way. So do we
Speaker 2: still have really enough space in our enough bandwidth as
Speaker 2: they say, to to regime change yet another country while
Speaker 2: we're still kind of kind of locked down on Iran
Speaker 2: right now? I think we've put a pin in Cuba
Speaker 2: and we're gonna circle back when we have more bandwidth
Speaker 2: that's a good idea. So we announced the charged Raul
Speaker 2: Castro who used to run the place, and then are
Speaker 2: we gonna snatch him in the middle of the night
Speaker 2: like we did. There's really there's done a lot of
Speaker 2: point in that he's not actually the leader anymore.
Speaker 1: So no, that's unlikely to happen. I just it's funny.
Speaker 2: I've heard this reported, and I've read a number of
Speaker 2: accounts to quite a few of them, and they all
Speaker 2: say the same thing, designed to increase the pressure on Cuba,
Speaker 2: but they never explained how exactly charging an ancient, you know,
Speaker 2: senile revolutionary with crimes is going to increase any pressure
Speaker 2: on anybody.
Speaker 1: I don't get it. That's really flying under the radar though.
Speaker 2: The whole Cuba situation, whenever I see it brought up,
Speaker 2: it's always like they're in about as bad as shape
Speaker 2: as they have ever been in their country's history, right
Speaker 2: in terms of ain't got no gas and all that
Speaker 2: sort of stuff. Yeah, yeah, if they were leaning hard
Speaker 2: on Venezuela you may have heard there's a bit of
Speaker 2: a change there and Iran as well, and they're occupied,
Speaker 2: as we were discussing, So yeah, tough times for the
Speaker 2: Cuban comedies. And that's just heartbreaking, isn't it. Well, it
Speaker 2: sucks for the people. It ain't their fault, yeah, but
Speaker 2: I think it's it's you know, they've got to go
Speaker 2: through this to get that regime out of there.
Speaker 1: But I tell you what, it's going to be a challenge.
Speaker 2: There is no meaningful opposition to the Communist Party in Cuba.
Speaker 2: They have an excellent police state. It's not a very
Speaker 2: big place, as you may know. It's an island, and
Speaker 2: cubas an island bak news as it turns out, And
Speaker 2: there's no Cuban Delsi. As folks within the administration have
Speaker 2: been talking about Delsi what's her face? Who took over
Speaker 2: for Fathead in Venezuela and is now evidently cow toowing
Speaker 2: the Trump until he leaves office. Then she'll just go
Speaker 2: back to being the female menduo who knows.
Speaker 1: Yeah, so I got that whole issue.
Speaker 2: Jeez. At the same time that we're all worried about
Speaker 2: uh abola, that's really tough.
Speaker 1: But I keep I keep seeing all these stories.
Speaker 2: Gotta be careful talking about this because people's mood about
Speaker 2: the economy is bad.
Speaker 1: My my mood about the economy is bad, and the
Speaker 1: price of gas. I hate the price of gas.
Speaker 2: I filled up my diesel truck again, and it was
Speaker 2: practically two hundred and fifty bucks.
Speaker 1: Two hundred and fifty bucks to fill up my truck,
Speaker 1: which is absolutely amazing.
Speaker 2: If I if I had to drive that all the
Speaker 2: time and fill it up, you know, four times a
Speaker 2: month or more, geez, that'd be a noticeable difference. Any who.
Speaker 1: Even with all that.
Speaker 2: Said, Oh and there's a new Fox poll out today,
Speaker 2: seventy one percent of people disapprove. This is the disapproved
Speaker 2: number because off of the approval number was low, but
Speaker 2: the disapproval number wasn't this high because people were kind
Speaker 2: of in the I don't approve, but I don't know
Speaker 2: where I am on this. Now, seventy one percent of
Speaker 2: people disapprove of Trump's handling of the economy. That's that's
Speaker 2: a high number, like record high number. Still, God, your
Speaker 2: endless stories about Memorial Day weekend and how difficult it's
Speaker 2: gonna be for people to travel and they were doing
Speaker 2: they're just doing it. And this this family is traveling
Speaker 2: and it was ninety some miles okay each way. It's
Speaker 2: get four to five gallons of gas. It's a dollar
Speaker 2: higher than that last year. So total last year, the
Speaker 2: gas price alone is gonna be a ten spot more
Speaker 2: for the weekend. Come on, now, let's let's not be ridiculous,
Speaker 2: all right, people, Yeah, yeah, I know. Nobody should be
Speaker 2: altering their life over ten dollars.
Speaker 1: I don't think you are. Given the economy.
Speaker 2: Ten dollars is like a venti coffee at Starbucks. And
Speaker 2: there's a line at Starbucks every morning.
Speaker 1: I see it.
Speaker 2: So come on now, tell your kids you're suspending the
Speaker 2: allowance program. But they'll be paid back and full at
Speaker 2: some point as soon as legislation has passed. It's like
Speaker 2: the government shut down. Well, they'll be fine. My point
Speaker 2: was that while the mood is bad and everything is
Speaker 2: way too expensive, Uh, the media is catastrophizing this at
Speaker 2: just at a ridiculous level and around stupid stuff.
Speaker 1: It reminds me of I was just reading again.
Speaker 2: About why kids aren't having kids and young people aren't
Speaker 2: having kids, they're not coupling, they're not having sex, and
Speaker 2: every article always mentions that, uh, what's the official term
Speaker 2: you here?
Speaker 1: Used?
Speaker 2: Climate anxiety is a big part of it. Well, who
Speaker 2: caused this climate anxiety? You cranks. As we were trying
Speaker 2: to tell you, look all these everything you're pitching that
Speaker 2: the poor, little terrified children is wildly overstated. It's designed
Speaker 2: by activists to turn them into little revolutionaries. And now
Speaker 2: the very people are pitching that crap because it's click
Speaker 2: bait and fear mongering are now saying, yeah, look at
Speaker 2: all the damage that did.
Speaker 1: I'll be damned.
Speaker 2: I don't know that our spending matches the polling showing
Speaker 2: how worried we are about the economy. It just they
Speaker 2: don't seem to match up. So are people worried on
Speaker 2: other people's behalf? Like, I'm gonna keep traveling and eating out,
Speaker 2: but I know it's really bad for other people.
Speaker 1: Is it one of those things? I don't. I'm not
Speaker 1: exactly sure. What's similar to that. Nobody knows.
Speaker 2: Wall Street Journal had a long article, but this last week,
Speaker 2: nobody is exactly sure. Why with the war going on
Speaker 2: and seventy five percent of people saying the country's going
Speaker 2: the wrong direction, why we set a record in the
Speaker 2: stock market every single day?
Speaker 1: So this is all a bit of a mystery.
Speaker 2: But people are still eating out and traveling and all
Speaker 2: that sort of stuff. At a pretty high level, even
Speaker 2: though the numbers are so bad.
Speaker 1: Yeah.
Speaker 2: Yeah, getting back to the fertility thing, because it's all related.
Speaker 2: I was reading a really long and interesting think piece
Speaker 2: from a scientist about the low birth rates around the world,
Speaker 2: and we'll talk about it later, but it struck me
Speaker 2: in reading it, and I'm like, the only person I've
Speaker 2: heard talking about this.
Speaker 1: What came up over and over again.
Speaker 2: And it relates to your questions about people's perception of
Speaker 2: the economy, is that people take in their inputs of
Speaker 2: the world. Their perceptions of the world are formed in
Speaker 2: a way that they've never been formed in human history,
Speaker 2: just in the last twenty years or so, post smart own,
Speaker 2: post never ending information input to humans. You ask somebody
Speaker 2: even twenty five years ago their perception of the economy,
Speaker 2: it's going to be based on their paycheck, their expenses,
Speaker 2: their vacations, how much they can save.
Speaker 1: It's going to be almost.
Speaker 2: All personal, plus a little around the edges, talking to
Speaker 2: friends and neighbors and co workers. Now people's perception of
Speaker 2: reality is almost entirely what would you call a third
Speaker 2: hand or electronic or cosmic, and virtually none of it's personal.
Speaker 2: So you get all these results of I'm not a racist,
Speaker 2: and nobody I know is a racist. But I believe
Speaker 2: eighty percent of Americans are racist. You get that over
Speaker 2: and over again. My personal economy is fine. My friends
Speaker 2: seem to be doing fine, but boy, I hear it's
Speaker 2: just s out there. So yes, my perception of the
Speaker 2: economy is it's terrible. I will grant you now, with
Speaker 2: the affordability stuff going on, it is stressful, but nobody
Speaker 2: else talks about that. Maybe I'm a mad I'm convinced
Speaker 2: that's like everything that explains vertually everything people wonder about
Speaker 2: in the year twenty twenty six. Yeah, psychologically, our perceptions
Speaker 2: are in our external noun set of internal.
Speaker 3: Yeah, you're right.
Speaker 2: Not very many years ago, it had to be an
Speaker 2: internal perspective, that's all you had. Yeah it picture life, Yeah,
Speaker 2: picture an upside down pyramid. Well, I guess it would
Speaker 2: be no, a regular pyramid, the bottom of which would
Speaker 2: be personal experience. Then people very very close to you,
Speaker 2: and at the very top you'd have that little part
Speaker 2: that would say, you know, media and now it's inverted.
Speaker 1: Yeah it's yeah.
Speaker 2: So you remind me to write that analysis. It'll put
Speaker 2: me on the map. Yeah, you get your opinion and
Speaker 2: externally as opposed internally. Now it's really interesting. So I
Speaker 2: noticed this the other day and I found it very
Speaker 2: very troubling. I am, and I know most of you
Speaker 2: are not on Twitter. Very few people are actual on Twitter,
Speaker 2: and us in the media talk about it all the
Speaker 2: time because all the media people are on Twitter, but
Speaker 2: we're all on Twitter AnyWho, the same would be true.
Speaker 2: I assume for Facebook, Yahoo or.
Speaker 1: Yah who Facebook? What was the other thing as the intergra.
Speaker 2: Oh, Instagram, a lot of the other stuff that y'all
Speaker 2: are on. So on the Twitter feed, I have never
Speaker 2: in the decades we've been on Twitter, I've always just
Speaker 2: gone there and like searched out individuals, opinions, people that
Speaker 2: I know and respect and stuff like that.
Speaker 1: I never just kind of randomly scrolled. Never did. For
Speaker 1: whatever reason, I started doing that a couple of weeks ago.
Speaker 1: I open up my Twitter and then I just scroll
Speaker 1: the stuff the algorithm feeds me. Yes.
Speaker 2: In other words, the algorithm didn't mean anything to me
Speaker 2: in the past because I wasn't scrolling it. So who cares.
Speaker 2: You can do whatever you ought with the algorithm. I'm
Speaker 2: seeking out specific things. New York Times Ian Bremmer, whatever
Speaker 2: I'm looking for. But I started scrolling the algorithm and
Speaker 2: I noticed it making me.
Speaker 1: I noticed this last night. It making me like paranoid and.
Speaker 2: Crazy because it's so much more catastrophizing than when I
Speaker 2: seek out specific information. It's just one after the other
Speaker 2: of people I've never heard of, and some of my
Speaker 2: don't even urial people that might be Risian bots. But
Speaker 2: it's one after another of this bad thing happened, and
Speaker 2: look how woke this person is. Just it just it
Speaker 2: started to make me think, oh my god, I can't
Speaker 2: believe my kids are going onto this world. And if
Speaker 2: most people are doing that, probably with Instagram or something else.
Speaker 2: No wonder people feel that way. Yeah, to that point. See,
Speaker 2: I do the in the algorithm thing more than you do,
Speaker 2: and I'll tell you why. I I feel like I
Speaker 2: am trying to litigate a case to America, and that's
Speaker 2: a good resource for evidence and you know, insights and
Speaker 2: that sort of perspectives. I've got some great stuff in
Speaker 2: front of me right now, but I liken it to
Speaker 2: an investigator who looks into crimes against children, it will
Speaker 2: gnaw away at your soul and turn you very dark
Speaker 2: and angry. And negative. If you let it, you have
Speaker 2: to be aware of what it is doing to you.
Speaker 2: And I mean, god, what two? I mean, the real
Speaker 2: advent of social media in my life is barely, you know,
Speaker 2: ten years old, and I had fifty years of life
Speaker 2: experience to give me a little perspective as I waded
Speaker 2: into that unholy pool. But younger people without that experience,
Speaker 2: who don't think, wow, okay, wait, I can feel myself
Speaker 2: changing emotionally.
Speaker 1: What's happening here? Right?
Speaker 4: Yeah?
Speaker 1: I mean it's just so corrosive. Yeah, it's weird. I'd
Speaker 1: never really done that. It was weird.
Speaker 2: It started to turn me paranoid and dark and like
Speaker 2: really concerned.
Speaker 1: I thought, No, no.
Speaker 2: You're looking at the scroll of who are these people?
Speaker 2: You're reading a whole bunch of them. Don't even know
Speaker 2: what the hell they are. Okay, that great thing I
Speaker 2: mentioned that I gleaned from the Twitter machine, I refuse
Speaker 2: to call it x elon. You don't get to take
Speaker 2: a letter of the alphabet and make your company that letter.
Speaker 2: That's a good hit, Yeah, bastard. I could absolutely prove
Speaker 2: the case that the left is far more bubbled than
Speaker 2: the right.
Speaker 1: I mean, it's not even close. Yeah.
Speaker 2: And that's not to indict the left, but if your
Speaker 2: lefty friends don't seem to have a clue about how
Speaker 2: the world really works.
Speaker 1: I think we can explain it. You know, I think
Speaker 1: we actually used up all our time.
Speaker 2: We can't start to show officially. Let's start to show
Speaker 2: officially when we come back, just because the clip is
Speaker 2: worth talking about.
Speaker 1: Oh my god, we're going to FCC jail. I'm not tough.
Speaker 1: I'm not gonna make it in FCC jail.
Speaker 2: I'm hoping we'll get a pardon. Well, it would be
Speaker 2: right back with a great opening.
Speaker 1: Clip right after this.
Speaker 2: So I think, for the first time in the show's history,
Speaker 2: the first segment, we did not start the show officially.
Speaker 2: Joe's worried about going to f CC prison. Not tough enough.
Speaker 2: You're cute and cuddley. They'll be loving you from dawn
Speaker 2: till dusk. Oh wait, I'm looking at the pamphlet. They
Speaker 2: have pickleball.
Speaker 1: Wait a minute, and and otomy let's start the show officially.
Speaker 1: I'm Jack Armstrong. He's Joe Getty on this.
Speaker 2: It is Thursday, made the twenty first, the year twenty
Speaker 2: twenty six.
Speaker 1: Armstrong in getting and we approve of this program. All right,
Speaker 1: here we go that officially according to FCC rules or
Speaker 1: like that mark.
Speaker 4: The way you make a billion dollars or one hundred
Speaker 4: million dollars or ten million dollars or anything is you
Speaker 4: create a service that people love, and if millions of
Speaker 4: people choose your service, you're gonna end up with a
Speaker 4: billion dollars, right and you can, you know, just try
Speaker 4: it with a chicken franchise.
Speaker 3: Do you think that your chicken has to be good?
Speaker 1: But yeah.
Speaker 2: Jeff Bezos of Amazon did a long interview with CNBC
Speaker 2: yesterday and dropped some fantastic truth bombs out there that
Speaker 2: we'll play portions of, pushing back on AOC and others
Speaker 2: ridiculous claim that you can't become a billionaire and basically saying, look,
Speaker 2: it's simple.
Speaker 1: You open a say you open a Hamburger stand.
Speaker 2: He just goes through the very simple nature of how
Speaker 2: you could become a billionaire quite easily. Well, you'd have
Speaker 2: to be very successful, but the math is easy to understand.
Speaker 1: Of without anybody doing anything illegal or that.
Speaker 2: And he also made the point that if we were
Speaker 2: as inefficient as New York City packages would, it would
Speaker 2: cost one hundred dollars to lover every package and you'd
Speaker 2: get it next week. He was talking particularly about Mundani's
Speaker 2: in New York City. So it's really good stuff. I'm
Speaker 2: trying to come up with a quick acronym for the
Speaker 2: politics of envy for stupid people, because that's what AOC
Speaker 2: is trafficking in. She just packages up envy in ridiculous
Speaker 2: and I use that term with the original meaning it
Speaker 2: should be ridiculus old. She packaged that, and Jeff Bezos
Speaker 2: returned that package and said, sorry, it doesn't fit. Wow
Speaker 2: from the department of trying way too hard. She packages
Speaker 2: envy with stupid slogans that a moment thought would explode,
Speaker 2: but people are not capable of a moment's thought. Lap
Speaker 2: it up like the sweet mother's milk of you. Sound there,
Speaker 2: I go, now I'm doing you. Sound like Robespierre as
Speaker 2: he's being led to the guillotine, saying, but you all
Speaker 2: don't understand that this is a stupid argument off with
Speaker 2: his head, right, yeah, yeah, an angry mob cannot be reasoned.
Speaker 1: With no God dang it.
Speaker 2: Anyways, that's some good stuff from Jeff Bezos, and a
Speaker 2: bunch of other news including it. Several pieces out today
Speaker 2: about who's really running a rand. This is brand new information,
Speaker 2: super interesting. Brigadier old General, Come on, Vahiti, he's the
Speaker 2: guy we got to convince or bomb or something.
Speaker 1: Oh Fahiti hate him so much.
Speaker 2: Plus how the comed dictatorship in Cuba works and why
Speaker 2: the bluest the progressives are so much more bubbled than
Speaker 2: conservative It's all pretty damned interesting.
Speaker 1: I hope you can stay tuned.
Speaker 2: Yeah, a lot of good stuff today. If he missus
Speaker 2: segment gets the podcast Armstrong and Getty on.
Speaker 1: Demand Armstrong and Getty.
Speaker 2: I mean, this is a stupid comment about Jeff Bezos,
Speaker 2: who I think is still the world's second richest man.
Speaker 3: Uh.
Speaker 2: He came up with the Amazon idea, which lost money
Speaker 2: for jeez, what a decade and a half. I remember
Speaker 2: that used to be a joke. Amazon, which still hasn't
Speaker 2: turned a profit, announced today that you know, it started
Speaker 2: as a place to buy used books AnyWho, and then
Speaker 2: it changed everyone's lives and took over the world.
Speaker 1: Jeffrey, that's the guy.
Speaker 2: Then hebody's the Washington Post and starts dating a woman
Speaker 2: who carves herself up to look like the joker anyway,
Speaker 2: though those are all extraneous things, and he's letting his
Speaker 2: hair kind of grow back as a bald man, which
Speaker 2: seems to be coming back in style. The whole I'm
Speaker 2: bald on top of got hair on sides things seems
Speaker 2: to be.
Speaker 1: Making a comeback. So I got to keep that in mind.
Speaker 1: Do I want to make that choice? At some point?
Speaker 1: Are we going to get to the truth bombs? I
Speaker 1: suppose so. Jeff Bezos did a long interview with cn
Speaker 1: on a very big boat. You left that out very
Speaker 1: large boat.
Speaker 2: Yes, Jeff Bezos on CNBC yesterday asking questions from Andrew
Speaker 2: Ross Sorkin, and they got into the whole billionaire thing.
Speaker 1: Now we played the clip a week or so ago.
Speaker 2: I mean, I got a lot of traction on the well,
Speaker 2: on the right end the left for different reasons. AOC
Speaker 2: explaining how you can't become a billionaire in the United States.
Speaker 2: Nobody can become a billionaire without cheating. And I mentioned
Speaker 2: the other day Robert Reich, of all people, AOC's a dunce.
Speaker 2: But Robert Reich was a major economic advisor for Bill Clinton,
Speaker 2: for Barack Obama, for Democrats. Professor at Berkeley gave their
Speaker 2: commencement address the other day. He put out a statement
Speaker 2: the other day there are five ways to become a
Speaker 2: billionaire profiting from a monopoly, insider trading, political payoffs, fraud,
Speaker 2: and inheritance. Don't believe the myth. So basically, there's no
Speaker 2: way to become a billionaire. Well, he's a Marxist or
Speaker 2: a fool. Jeff Bezos pushing back on that yesterday.
Speaker 5: AOC recently said in a podcast and mister curious how
Speaker 5: you think about this? Says there's a certain level of
Speaker 5: wealth and accumulation that is unearned. She says, you can't
Speaker 5: earn a billion dollars.
Speaker 3: You just can't earn that.
Speaker 5: She says, you can get market power, you can break rules,
Speaker 5: you can abuse labor laws, you can pay people less
Speaker 5: than what they're worth, but you can't earn that. Yeah,
Speaker 5: by the way, you are an extraordinary amount of money.
Speaker 3: You employ large employer. It's not one of them in
Speaker 3: the whole country. When you read that, what do you think.
Speaker 4: Well, it's not cracked on its face. Let let let's
Speaker 4: give you. Let me give you a simple example. Let's
Speaker 4: say you start a burger.
Speaker 3: Joint and you have ten.
Speaker 4: Employees, and you make a little bit of money until
Speaker 4: you have this is this one one outlet and by
Speaker 4: the way, these are the most delicious burgers in the world.
Speaker 4: People love your burgers, Andrew. And so then you open
Speaker 4: a second outlet, and now you're making a little bit
Speaker 4: more money, and you have twenty employees, and you open
Speaker 4: a third outlet. By the time you've opened a thousand outlets,
Speaker 4: you are a billionaire.
Speaker 3: And by the way, this is a real life story.
Speaker 3: It happens all the time. It's in and out burger,
Speaker 3: it's you know, raising canes chicken.
Speaker 4: At what point did that money all of a sudden
Speaker 4: become unethical or it didn't. There was one outlet, and
Speaker 4: then there were two, and then there were three. What
Speaker 4: you're doing the way you make a billion dollars or
Speaker 4: one hundred million dollars or ten million dollars or anything,
Speaker 4: is you create a service that people love, and if
Speaker 4: millions of people choose your service, you're going to end
Speaker 4: up with a billion dollars. And you can, you know,
Speaker 4: just try it with a chicken franchise.
Speaker 3: Do you think that your chicken has to be good?
Speaker 2: But how can a person need to even be told that,
Speaker 2: I don't know, we just need to accept that that's true,
Speaker 2: because they're dunces who are easily captured by the politics
Speaker 2: of envy.
Speaker 1: I think I don't know. I was about to say,
Speaker 1: I think AOC believes it.
Speaker 2: Why did they do that interview next to an industrial
Speaker 2: air conditioner?
Speaker 1: But they didn't. Yeah, I don't know.
Speaker 2: They didn't want to hear one of the many Amazon
Speaker 2: giant Amazon warehouses and oh okay, yeah, kind.
Speaker 1: Of trying to make the point.
Speaker 2: Oh well, well, Bezos makes the point earlier, and maybe
Speaker 2: we'll play that clip because he said a lot of
Speaker 2: interesting stuff that I wish, you know, he should be
Speaker 2: on a debate stage with AOC.
Speaker 1: Would be so good for the country. Oh yeah, I agreed.
Speaker 2: I think she's a dunce and doesn't actually understand a
Speaker 2: lot of things. How Robert Wright gets to go around
Speaker 2: saying that as a guy who's definitely not a dunce, Well,
Speaker 2: there are two possibilities, and one of them is one
Speaker 2: hundred percent true.
Speaker 1: I guarantee it.
Speaker 2: He is either one of many intellectuals who's blinded by
Speaker 2: these ideology and humans ability to blind themselves to further
Speaker 2: their ideological goals has astounded me since I was.
Speaker 1: A little kid.
Speaker 2: It's either that or he's just a dedicated Marxist and
Speaker 2: he knows. Look, there are some arguments in favor of capitalism,
Speaker 2: but I can't concede them. I've got to keep my
Speaker 2: ideological purity. So I'm going to pretend that, for instance,
Speaker 2: this horse crap that I'm about to say is true.
Speaker 1: Those are the only two possibilities.
Speaker 2: But Bezos, at another point, and in your interview, talks
Speaker 2: about I can do more to help society by starting
Speaker 2: the successful business than I could ever do.
Speaker 1: This is your point.
Speaker 2: You're always making than I could ever do by donating
Speaker 2: money to any charity or anything like that, which I
Speaker 2: know for a lot of people that just is a
Speaker 2: head slapping How the f could that be true?
Speaker 1: Why they don't get the whole.
Speaker 2: If I start a successful business that employs one hundred people.
Speaker 1: One hundred people have talents.
Speaker 2: The families, one hundred families are living their lives for decades,
Speaker 2: owning a house, a car, sending their.
Speaker 1: Kids to school, blah blah blah blah blah, all because
Speaker 1: of this business I started.
Speaker 2: There's no charity I could donate where I could help
Speaker 2: that many people.
Speaker 1: And in the case of you know, really big companies.
Speaker 2: You're helping thousands and thousands and thousands of people every dime.
Speaker 2: They'll need cradle to grave. Imagine how vast a charity
Speaker 2: would need to be. Or you can just hire people
Speaker 2: and give them full time jobs with decent paying benefits.
Speaker 1: Period. Yeah.
Speaker 2: The illiteracy of many Americans about economics. And I don't
Speaker 2: mean like the fancy stuff which is god and make
Speaker 2: you want to throw yourself off a bridge. I'm just
Speaker 2: talking about basic economics, how business works, how economies work.
Speaker 2: It's really quite a amazing and discouraging. Yeah, I think
Speaker 2: we might be I thought these arguments had been had
Speaker 2: in one and we could move on, But as we're
Speaker 2: all learning, we need to rehab these arguments like every
Speaker 2: twenty years. Apparently, like Ronald Reagan said, we really are
Speaker 2: at a place where we need.
Speaker 1: To have some big debates on stage with.
Speaker 2: I don't know who you choose to have about like
Speaker 2: basic economic stuff like this, Can you become a billionaire
Speaker 2: without being a crook or a monopoly or insider trading?
Speaker 2: Clearly yes, but half the country, maybe more, God help us,
Speaker 2: believes you can't. So let's work this out. Yeah, they
Speaker 2: have that sort of rebril debate.
Speaker 1: I think it was.
Speaker 2: The University of Toronto has them now and again we've
Speaker 2: referenced them through the years, but not enough people see him,
Speaker 2: not enough people.
Speaker 1: Are aware of them.
Speaker 2: If hereside Whoop's ass, it generally gets distributed to folks
Speaker 2: who tend to agree, and they see it and hear
Speaker 2: about it, but nobody else does.
Speaker 1: Once again, because of the algorithms. Envy is such a thing.
Speaker 2: And then you got the human nature part of it.
Speaker 2: Elon was talking about this the.
Speaker 1: Other day, that that concept of.
Speaker 2: You could be perfectly fine with your house. You take
Speaker 2: your house and put it in a neighborhood where it's
Speaker 2: like the nicest house in the neighborhood, and you're perfectly fine.
Speaker 2: You take that same house, put it in a neighborhood
Speaker 2: where all the other houses are nicer than yours, and
Speaker 2: you're all of a sudden unhappy. It's just a terrible
Speaker 2: aspect of human nature. I experienced that myself. I talked
Speaker 2: about it on the air. I wasn't proud of it,
Speaker 2: but I was shocked by it and honest enough to
Speaker 2: be honest about it, like, what the hell's the matter
Speaker 2: with you? It's just part of being a human. But
Speaker 2: we've you know, it's one of those urges that you
Speaker 2: just you've got to, you know, climb above your caveman's
Speaker 2: self and try to be a little more evolved and
Speaker 2: not let it drive your entire worldview.
Speaker 1: For goodness sakes, you know, I'm always looking for the
Speaker 1: evolutionary reason. Is it just?
Speaker 2: Is it so that we will continue to strive. But
Speaker 2: somehow I got mixed up with the emotion of envy,
Speaker 2: which is not a helpful emotion.
Speaker 1: Right, I think?
Speaker 2: You know, there I am with my caveman wife and
Speaker 2: my little caveman kids, cute little devils, and you know,
Speaker 2: every other caveman dad is bringing home half an antelope
Speaker 2: and me I got barely a quarter of an antelope.
Speaker 2: There should be discontent, I guess I don't know. Well,
Speaker 2: we are affluent enough these days that we have our
Speaker 2: pets are dogs that we love. Word from our friends
Speaker 2: at rough Greens. You know, when they're puppies, they've got
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Speaker 1: Roughgreens. They make any dog food better. Back to the
Speaker 1: caveman thing.
Speaker 2: Nobody can get an antelope that can't happen. It was
Speaker 2: either handed to them by a crook.
Speaker 1: Or something right.
Speaker 2: Yeah, nobody can get a master don honestly exactly.
Speaker 1: He's here's how people get those attitudes.
Speaker 2: And we'll get back to the Jeff Bezos interview because
Speaker 2: I think it's terrific. This is a study by a
Speaker 2: lab of politics in political science looking at specifically campaign
Speaker 2: finance donations among various fields of professional fields, and the
Speaker 2: most republican fields run from.
Speaker 1: Thirty three percent of.
Speaker 2: Them donate to Democrats down to just ten percent of them.
Speaker 2: But most of them, there are only a few that
Speaker 2: are that little, like oil workers and miners ten to
Speaker 2: eleven percent, they're extremely republican fields. But auctioneer, bank officer,
Speaker 2: plant manager, nurseryman, landscape contractor, insurance agent, truck driver, farmer, anesthesiologist,
Speaker 2: dairy farmer, all those things are about thirty percent I
Speaker 2: donate to democrats. Thirty percent of that field goes against
Speaker 2: the grain. Maybe it's more like twenty percent when you
Speaker 2: get down to ranchers and mechanical contracts. But the really
Speaker 2: the bulk of them, it's about two thirds one third, okay. Now,
Speaker 2: among the most democratic fields, those are the most republican fields.
Speaker 2: Among the most democratic fields, which range from union organizer
Speaker 2: to arts administration administrator, professor of this that and the other, epidemiologists,
Speaker 2: psychotherapists to conservationists, yoga instructor, social worker, TV producer, screenwriter,
Speaker 2: professor of law, film director, all those things. They ranged
Speaker 2: from ninety one to ninety nine percent Democrat.
Speaker 1: So, just to summarize it, in the most.
Speaker 2: Republican fields, on average, a third of the people kicking
Speaker 2: around are Democrats. You'll hear their point of view, you'll
Speaker 2: get to know them, you'll like them, You'll think, well,
Speaker 2: their politics are wacky, but he's a good guy, she's
Speaker 2: a good gal.
Speaker 1: Blah blah blah.
Speaker 2: In the most democratic fields it is ninety Well, the
Speaker 2: average is ninety five percent Democrat. So you self select
Speaker 2: where you live to be around people that think like you.
Speaker 2: Then you go to work with people that think like you,
Speaker 2: and you never encounter anybody who who you could say, well,
Speaker 2: they have different politics, but they seem to be nice.
Speaker 1: They don't seem like they're hitler or anything.
Speaker 2: Right, They're not a correct caricature of you know, evil
Speaker 2: like I get from social media, for instance. And the
Speaker 2: case has been made many times that conservatives are subjected
Speaker 2: to more progressive points of view via the media and
Speaker 2: popular culture, and you know, in academia it's unavoidable, so
Speaker 2: you get used to it. It's fine. You consider those arguments.
Speaker 2: You don't like them, you walk away from them. Folks
Speaker 2: in blue bubbles never hear a conservative express conservative ideas,
Speaker 2: or virtually never. It's why their ideas are so wacky,
Speaker 2: or see one in the wild right exactly. So all
Speaker 2: they can picture is this cartoonish fangs dripping with blood,
Speaker 2: Trump worshiping.
Speaker 1: Lunatic speaking of speaking of fangs dripping with blood. Uh.
Speaker 1: They think they've nailed down who's running Iran.
Speaker 2: Okay, we got a couple of publications talking about that today.
Speaker 1: We'll get into that an hour or two. Among other things.
Speaker 2: We got mail bag on the way. I hope you
Speaker 2: can stay here. We never mentioned this the other day.
Speaker 2: We should read some of it. The Washington Post editorial
Speaker 2: board last week pushed back hard on Kamala Harris, saying
Speaker 2: Democrats should not pack the Supreme Court. That would be
Speaker 2: devastating to our country, and explained why maybe we'll do
Speaker 2: that later. It's pretty interesting. Good, good, Yeah, I love
Speaker 2: that idea. Here's your freedom loving quote of the day,
Speaker 2: just sent along by alert listener Patrick to our topic
Speaker 2: of only a couple of months ago. Charlie Munger, who's
Speaker 2: a good down to earth author. I've read some of
Speaker 2: this stuff. He said, the world is not driven by
Speaker 2: greed driven by envy. No, I think it's probably driven
Speaker 2: by both. Depends who you're talking about. That's going to
Speaker 2: go off on a tangent, but we don't really have time.
Speaker 2: Mailbag woo, yeah, yeah yah. Got this note for oh
Speaker 2: drop his note mail bag at Armstrong and Getty dot com.
Speaker 2: Got this note from Adam Thanks for bringing up the
Speaker 2: IRS settlement story in the slush fund on today's show yesterday.
Speaker 2: I count on you guys giving it to me straight.
Speaker 2: And I was disturbed by yet another move by Trump
Speaker 2: that feels gross, to say the least. Maybe our opinion's
Speaker 2: part ways here, but he seems more and more interested
Speaker 2: in benefiting a smaller portion of the country.
Speaker 1: Doesn't sit well with me. And I think he.
Speaker 2: Owes more to a larger group of people, and including
Speaker 2: the folks who voted for him.
Speaker 1: Yeah, I would agree.
Speaker 2: Well, you know, I realized this sounds unbearably sincere in
Speaker 2: the cynical age, but we're for the United States of
Speaker 2: America and sanity around here, not for Trump per se,
Speaker 2: except when he's right, not for a party when they suck.
Speaker 2: We'll call him out if you like it. Great thank
Speaker 2: you for listening. If you don't go bye, good luck, La,
Speaker 2: And he says, as we were finishing the segment, I
Speaker 2: was thinking myself the recent leadership the d White House.
Speaker 2: In the White House, Oh yeah, several going back, several
Speaker 2: unacceptable commitment to serve the citizens of the country. Is
Speaker 2: there a chance it's saving what the forefathers fought so
Speaker 2: hard to achieve? Then Joe said, it's been a great
Speaker 2: two hundred and fifty years. That's a wrap hard.
Speaker 1: To disagree with. You finish the week.
Speaker 2: Strong, boys, he urges us. All right, Adam, we'll do
Speaker 2: our best.
Speaker 3: Love that.
Speaker 1: Finish the week strong.
Speaker 2: Ah.
Speaker 1: That goes against her motto, though, start slow and taper off.
Speaker 1: It's true that'd be a new leaf, Adam.
Speaker 2: But we'll try a number of folks weighing in on
Speaker 2: Eric Schmidt, the former CEO of Google's commencement speech, and
Speaker 2: how all the youngsters were booing him every time he
Speaker 2: brought up AI now number one. I think they're probably
Speaker 2: hitting the marguerite is pretty hard there at the University Arizona.
Speaker 2: But who knows, Kevin writes, some morning guys, the tone
Speaker 2: deafness of mister Schmidt was striking but not surprising. What
Speaker 2: was equally striking was the response of the grads of
Speaker 2: this generation. I would wager that there was not a
Speaker 2: single one of them without a smartphone and at least
Speaker 2: one AI chat app installed, and ninety nine percent probably
Speaker 2: had chatbot helping write their papers during the cap and
Speaker 2: gown they were wearing. Yes, I received a text from
Speaker 2: a good old friend who is a law school teacher
Speaker 2: and said, are you kidding me? Most, if not all,
Speaker 2: of my students use AI every day to get the
Speaker 2: work done.
Speaker 1: So doesn't mean you don't boot wood and bullet, I
Speaker 1: use Chat. I use AI ten times a day. I
Speaker 1: would still boo.
Speaker 2: A speech where they talk about the future of AI
Speaker 2: is coming boo right right, It's it's a mixed bag
Speaker 2: of course.
Speaker 1: Yeah.
Speaker 2: And then this from frequent correspondent Pallo, the visceral reaction
Speaker 2: many people have AI reminds me of telling a toddler
Speaker 2: they need an unpleasant medical procedure. The fear of the crying,
Speaker 2: the resistance are entirely real, and they matter, but it
Speaker 2: shouldn't stop. The procedure should signal to the parents that
Speaker 2: the fear deserves to be acknowledged or addressed. You touched
Speaker 2: on that one. You played Eric Schmid's graduation speech. The
Speaker 2: problem is the parents building AI don't seem to be
Speaker 2: listening to the room. We must absolutely govern how AIS deployed,
Speaker 2: but I don't think AI development canner should be slowed.
Speaker 1: Humans are built to learn. It's our greatest strength. It's
Speaker 1: what we do.
Speaker 2: The danger has never been the acquisition of knowledge, but
Speaker 2: the risk of failing to develop the wisdom to guide
Speaker 2: its use. That's some good writing there. The difference this
Speaker 2: time is that the stakes are higher than ever. Responding
Speaker 2: the challenges brought by AI feels as daunting. Is storming
Speaker 2: the beaches at Normandy overwhelming, terrifying, far bigger than any
Speaker 2: one of us. We don't know what's going to happen,
Speaker 2: but we go anyway because we have to.
Speaker 1: What's the alternative? That's a very grown up thing to say.
Speaker 2: Somebody ought to get into the ear of all your
Speaker 2: tech giants and there's only like eight of them control
Speaker 2: in the whole AI world right now, and say.
Speaker 1: People are scared to death of this.
Speaker 2: You can't keep presenting it like it's obviously good for them,
Speaker 2: because they don't feel that way. Your toddler doesn't want
Speaker 2: a shot, no matter how much good it does them
Speaker 2: to get back to that metaphor. Ah, there's another really
Speaker 2: good one here from Jerry and Fairbanks, but we don't
Speaker 2: have time. Yeah, we'll get to that later. It's good
Speaker 2: about this about AI as well. Yeah, And if you
Speaker 2: have any thoughts on it, you can text us of course,
Speaker 2: the text line four one, five, two nine five KFTC.
Speaker 2: We got a lot on the way, good stuff of
Speaker 2: all different stripes and varieties. And if you miss any
Speaker 2: of it, get our podcast Armstrong and Getty on demand.
Speaker 1: See you in moments
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