1 00:00:02,480 --> 00:00:05,960 Speaker 1: Institutional trust. Let's talk about what's happening in the world 2 00:00:06,040 --> 00:00:09,639 Speaker 1: in our medical institutions. Senator Ron Johnson is here. Carol 3 00:00:09,720 --> 00:00:12,559 Speaker 1: Roth joins us, why is Trump about to declare in 4 00:00:12,840 --> 00:00:22,480 Speaker 1: economic emergency? All that and more coming up, But I'm right, 5 00:00:25,880 --> 00:00:29,920 Speaker 1: so before we get into our medical institutions specifically, I 6 00:00:29,960 --> 00:00:36,200 Speaker 1: just wanted to talk to you again about institutional trust, institutions, nations, 7 00:00:36,360 --> 00:00:41,640 Speaker 1: how nations remain, because I see something happening globally right now, 8 00:00:41,720 --> 00:00:45,720 Speaker 1: in many, many, many places, honestly, many places considered to 9 00:00:45,760 --> 00:00:49,199 Speaker 1: be Western civilization. I see this happening. It's happening here 10 00:00:49,240 --> 00:00:53,640 Speaker 1: in the United States of America, Canada, UK, of course, France, Germany. 11 00:00:53,960 --> 00:00:58,320 Speaker 1: I see this happening. A very very common thing throughout 12 00:00:58,360 --> 00:01:01,680 Speaker 1: history is happening. And this is how it oftentimes goes. 13 00:01:02,360 --> 00:01:06,480 Speaker 1: A country will be established somehow somewhat, and then the 14 00:01:06,560 --> 00:01:12,600 Speaker 1: country will begin to flourish and grow. People will be happy, prosperous, 15 00:01:13,680 --> 00:01:19,040 Speaker 1: and over time the institutions on which a nation is built. Remember, 16 00:01:19,160 --> 00:01:22,040 Speaker 1: nations are built on their institutions. They are the pillars 17 00:01:22,040 --> 00:01:25,440 Speaker 1: that hold your nation up. Your government, your education, your religion, 18 00:01:25,520 --> 00:01:29,880 Speaker 1: your entertainment, your various things. Those are institutional things that 19 00:01:29,959 --> 00:01:35,920 Speaker 1: create a country. Over time, the institutions will become corrupted 20 00:01:36,680 --> 00:01:40,880 Speaker 1: as the people check out, get too comfortable, lazy, whatever 21 00:01:40,880 --> 00:01:43,640 Speaker 1: word you want to put on it. The institutions will 22 00:01:43,680 --> 00:01:48,520 Speaker 1: be infiltrated and conquered by evil, corrupt people. And once 23 00:01:48,560 --> 00:01:54,400 Speaker 1: the institutions become corrupted by evil people, the institutions will 24 00:01:54,440 --> 00:01:57,880 Speaker 1: begin to serve themselves instead of the nation. You know 25 00:01:57,960 --> 00:02:02,080 Speaker 1: that the education institution of a country, it actually should 26 00:02:02,080 --> 00:02:05,240 Speaker 1: never be to serve the education. It should be to 27 00:02:05,240 --> 00:02:08,600 Speaker 1: serve the country. That should be the ultimate goal. The government. 28 00:02:09,720 --> 00:02:13,280 Speaker 1: People inside the government shouldn't exist to serve the government, 29 00:02:13,960 --> 00:02:17,040 Speaker 1: to better the government, enrich the government, span the government. 30 00:02:17,400 --> 00:02:21,880 Speaker 1: The government should exist to well help the country, serve 31 00:02:21,919 --> 00:02:25,520 Speaker 1: the country. But once it's conquered by evil, selfish people, 32 00:02:25,840 --> 00:02:31,800 Speaker 1: that changes. The institution focuses inward, focuses on itself, and 33 00:02:31,880 --> 00:02:36,320 Speaker 1: after that corruption happens, the institution will do terrible things. 34 00:02:37,120 --> 00:02:42,000 Speaker 1: It will lie. Evil act after evil act will happen, 35 00:02:42,760 --> 00:02:47,120 Speaker 1: and the people themselves will know it. No no matter 36 00:02:47,160 --> 00:02:49,520 Speaker 1: what age you're in. Today we all have cell phones, right, 37 00:02:49,520 --> 00:02:51,320 Speaker 1: you can read about it. But no matter what age 38 00:02:51,320 --> 00:02:53,800 Speaker 1: you're in, the people will begin to pick up on 39 00:02:53,919 --> 00:02:58,440 Speaker 1: the fact that this institution is turning evil, selfish, and 40 00:02:58,480 --> 00:03:02,280 Speaker 1: then something disastrous happened. The people will begin to separate 41 00:03:02,320 --> 00:03:06,480 Speaker 1: from the institution. They will begin to view the institution 42 00:03:06,720 --> 00:03:11,920 Speaker 1: as the enemy instead of a necessary pillar holding up society. 43 00:03:12,320 --> 00:03:16,840 Speaker 1: And once you get to that point, the end of 44 00:03:16,840 --> 00:03:20,200 Speaker 1: that country is in sight. I'm not saying it's happening tomorrow, 45 00:03:20,520 --> 00:03:25,200 Speaker 1: but you have to have trust between the people in 46 00:03:25,240 --> 00:03:28,919 Speaker 1: their institutions where the country will end. You cannot have 47 00:03:29,080 --> 00:03:31,919 Speaker 1: this separation and continue to exist as a country. It 48 00:03:31,960 --> 00:03:35,320 Speaker 1: doesn't work. And I see it happening globally right now. 49 00:03:35,360 --> 00:03:39,880 Speaker 1: I know you see it. Two institutions have already broken 50 00:03:39,920 --> 00:03:43,480 Speaker 1: the trust. Time after time, issue after issue, they've broken 51 00:03:43,520 --> 00:03:47,520 Speaker 1: the trust. And they're all virtually all of them except 52 00:03:47,560 --> 00:03:49,200 Speaker 1: for here in America, which we'll get to in a moment, 53 00:03:49,400 --> 00:03:53,520 Speaker 1: but virtually all institutions now are doing what they always do. 54 00:03:53,680 --> 00:03:56,080 Speaker 1: And it blows me away because the lesson of history 55 00:03:56,120 --> 00:03:59,960 Speaker 1: is quite clear. The institutions, instead of trying to earn 56 00:04:00,080 --> 00:04:03,520 Speaker 1: earn back the trust of the people, open up the books, 57 00:04:03,520 --> 00:04:07,760 Speaker 1: hold people accountable. Instead, they double down, triple down on 58 00:04:07,880 --> 00:04:11,480 Speaker 1: all the evil, selfish things, thus bringing about the end 59 00:04:11,520 --> 00:04:14,640 Speaker 1: of the country much faster than it would have happened otherwise. 60 00:04:15,440 --> 00:04:17,960 Speaker 1: Here in the United States of America, our institutions are 61 00:04:18,000 --> 00:04:23,360 Speaker 1: evil and corrupt as well. Evil, corrupt, dishonest. We don't 62 00:04:23,400 --> 00:04:26,200 Speaker 1: have to look very far back in history to see 63 00:04:26,200 --> 00:04:29,240 Speaker 1: an example of just how evil, corrupt, and dishonest our 64 00:04:29,279 --> 00:04:32,200 Speaker 1: institutions are. Remember COVID. 65 00:04:33,960 --> 00:04:37,799 Speaker 2: You really should, in an indoor setting, a congregoates setting, 66 00:04:37,880 --> 00:04:41,479 Speaker 2: be wearing masks. It's just the appropriate thing to do 67 00:04:41,600 --> 00:04:45,040 Speaker 2: to defend, to protect yourself and your family. 68 00:04:45,160 --> 00:04:49,200 Speaker 3: Our data from the CDCs today suggests you know that 69 00:04:49,800 --> 00:04:53,160 Speaker 3: vaccinated people do not carry the virus, don't get sick. 70 00:04:53,360 --> 00:04:56,520 Speaker 4: Bibermectin is something more often used to deworm horses. 71 00:04:56,760 --> 00:05:00,679 Speaker 5: If we really do our part stay at home distance, 72 00:05:00,880 --> 00:05:04,560 Speaker 5: then we can flatten our curve even below those projections. 73 00:05:04,880 --> 00:05:06,680 Speaker 6: But it really depends on all of us. 74 00:05:06,960 --> 00:05:10,480 Speaker 3: I'm making the personal sacrifices not to infect my parents 75 00:05:10,520 --> 00:05:13,600 Speaker 3: and my pregnant daughter. I worry about that because then 76 00:05:13,640 --> 00:05:17,040 Speaker 3: it gives people the option to say, well, bars and 77 00:05:17,080 --> 00:05:20,760 Speaker 3: restaurants are open, then I can have twenty people over 78 00:05:20,880 --> 00:05:23,839 Speaker 3: for Thanksgiving, and so I don't like it to be 79 00:05:23,920 --> 00:05:26,919 Speaker 3: any number. I like it to keep it to your 80 00:05:26,920 --> 00:05:27,919 Speaker 3: immediate household. 81 00:05:30,920 --> 00:05:33,320 Speaker 1: Obviously, we could just play a montage that lasted the 82 00:05:33,320 --> 00:05:35,600 Speaker 1: whole show. Those were all lies. Every one of those 83 00:05:35,600 --> 00:05:37,360 Speaker 1: people was lying, and they knew they were lying, every 84 00:05:37,360 --> 00:05:41,000 Speaker 1: one of them lying evil and as they told, lie 85 00:05:41,040 --> 00:05:43,719 Speaker 1: after lie after lie. While your life was being destroyed, 86 00:05:44,000 --> 00:05:45,880 Speaker 1: while you had to say goodbye to your dying mother 87 00:05:45,960 --> 00:05:48,920 Speaker 1: on zoom, you couldn't have a funeral, while your child 88 00:05:48,960 --> 00:05:53,400 Speaker 1: lost their ability to read. That trust began to shatter 89 00:05:53,800 --> 00:05:57,159 Speaker 1: between our medical institution and this country. And then, of 90 00:05:57,200 --> 00:06:00,000 Speaker 1: course the vaccine, which of course is not a vaccine 91 00:06:00,040 --> 00:06:06,320 Speaker 1: at all, it's a therapeutic of some kind created by 92 00:06:06,520 --> 00:06:11,440 Speaker 1: and through Operation Warp Speed. Operation Warp Speed was terrible, 93 00:06:11,480 --> 00:06:13,719 Speaker 1: one of the most evil things this country has ever done. 94 00:06:14,120 --> 00:06:17,960 Speaker 1: That poisonous shot harmed numerous people who are still out 95 00:06:18,000 --> 00:06:20,560 Speaker 1: there searching for justice. Maybe that's you watching right now. 96 00:06:21,240 --> 00:06:24,600 Speaker 1: And up until recently even Trump was still touting. 97 00:06:24,200 --> 00:06:30,480 Speaker 7: It despite COVID, which was very unfortunate situation for the 98 00:06:30,520 --> 00:06:32,520 Speaker 7: whole world. We did a great job with it. Never 99 00:06:32,560 --> 00:06:36,320 Speaker 7: got the credit for the job we did Operation Warp Speed. 100 00:06:36,320 --> 00:06:39,000 Speaker 7: People say, is that one of the greatest achievements ever 101 00:06:39,960 --> 00:06:42,960 Speaker 7: in politics or in the military because it was almost 102 00:06:43,000 --> 00:06:49,880 Speaker 7: a military procedure. But everybody, including Putin, said that operation 103 00:06:50,000 --> 00:06:52,960 Speaker 7: Warp Speed, what you did with that, nobody can believe it. 104 00:06:53,960 --> 00:06:55,760 Speaker 7: And we did a great job. 105 00:06:57,680 --> 00:06:59,520 Speaker 1: It wasn't great, it was horrible. What was evil? It 106 00:06:59,560 --> 00:07:05,080 Speaker 1: was wrong. Now Donald Trump has to own that has 107 00:07:06,160 --> 00:07:09,560 Speaker 1: not really ever done so up until recently. So what 108 00:07:09,680 --> 00:07:12,880 Speaker 1: happened with Trump and Warp Speed, then I'm not excusing him, 109 00:07:12,880 --> 00:07:16,080 Speaker 1: So don't think that I am. What happened though, Donald 110 00:07:16,120 --> 00:07:19,160 Speaker 1: Trump was lied to by all the people around him. 111 00:07:19,560 --> 00:07:21,559 Speaker 1: Everyone's going to die. You're going to have fifty million 112 00:07:21,560 --> 00:07:23,320 Speaker 1: people dead. Everyone's going to die. Do you want to 113 00:07:23,360 --> 00:07:25,520 Speaker 1: be the president when fifty million people die? They're all 114 00:07:25,520 --> 00:07:28,280 Speaker 1: going to die a lot of death, mass death, mister president. 115 00:07:28,320 --> 00:07:30,400 Speaker 1: We need a vaccine now, we could get one ready 116 00:07:30,400 --> 00:07:33,960 Speaker 1: to go. We need this done now, fast track this thing. 117 00:07:34,040 --> 00:07:37,360 Speaker 1: Gigantic fat hand out to pharmaceutical companies who didn't have 118 00:07:37,400 --> 00:07:39,200 Speaker 1: to jump through any more hoops to make sure it 119 00:07:39,320 --> 00:07:42,200 Speaker 1: was safe, and out it goes. And now we have 120 00:07:42,320 --> 00:07:45,280 Speaker 1: pregnancies being terminated by the million. We won't even go 121 00:07:45,360 --> 00:07:48,559 Speaker 1: into that little number. Donald Trump was lied to, bought 122 00:07:48,560 --> 00:07:53,800 Speaker 1: into the lies, pushed it, and people die. But Donald 123 00:07:53,800 --> 00:07:57,800 Speaker 1: Trump has really, really solid people around him now that 124 00:07:57,960 --> 00:08:02,040 Speaker 1: to his credit, he has brought into the administration doctor J. 125 00:08:02,280 --> 00:08:06,360 Speaker 1: Martin McCarey, several others, smart people who know the truth 126 00:08:06,400 --> 00:08:09,800 Speaker 1: about this stuff. And Donald Trump is now hearing the truth. 127 00:08:09,840 --> 00:08:12,680 Speaker 1: And he put out this statement quote, it is very 128 00:08:12,680 --> 00:08:15,840 Speaker 1: important that the drug companies justify the success of their 129 00:08:15,920 --> 00:08:19,280 Speaker 1: various COVID drugs. Many people think they are a miracle 130 00:08:19,280 --> 00:08:23,120 Speaker 1: that saved millions of lives. Others disagree with the CDC 131 00:08:23,240 --> 00:08:26,239 Speaker 1: being ripped apart over this question. I want the answer, 132 00:08:26,320 --> 00:08:29,200 Speaker 1: and I want it now. They show me great numbers 133 00:08:29,200 --> 00:08:31,600 Speaker 1: and results, but don't seem to be showing them to 134 00:08:31,680 --> 00:08:34,480 Speaker 1: many others. I want them to show them now to 135 00:08:34,559 --> 00:08:37,840 Speaker 1: the CDC and the public and clear up this mess 136 00:08:38,160 --> 00:08:42,560 Speaker 1: one way or the other. I hope Operation Warp Speed 137 00:08:42,720 --> 00:08:45,400 Speaker 1: was as brilliant as many say it was. If not, 138 00:08:46,200 --> 00:08:50,679 Speaker 1: we all want to know about it and why now. 139 00:08:52,040 --> 00:08:55,280 Speaker 1: I know if you are somebody still angry about all 140 00:08:55,320 --> 00:08:58,199 Speaker 1: that that that seems like a small thing, and it is, 141 00:08:59,240 --> 00:09:04,200 Speaker 1: but it's also not. That is a huge first step. 142 00:09:04,880 --> 00:09:08,520 Speaker 1: And I will say this, that's more than is happening 143 00:09:08,679 --> 00:09:13,880 Speaker 1: in any other Western country to earn back the trust 144 00:09:14,280 --> 00:09:18,800 Speaker 1: of the people in their institutions. You can say it's small, Okay, 145 00:09:18,800 --> 00:09:22,439 Speaker 1: it's small. No one's doing that. In Canada they're all 146 00:09:22,440 --> 00:09:25,920 Speaker 1: doubling down, tripling down. No one's doing that in Germany, 147 00:09:25,960 --> 00:09:28,560 Speaker 1: in France and the UK. It's not happening anywhere else 148 00:09:28,600 --> 00:09:34,560 Speaker 1: in the Western world. It is slowly happening here. Bad 149 00:09:34,640 --> 00:09:38,479 Speaker 1: people are being removed from the government. The Trump administration 150 00:09:39,200 --> 00:09:43,400 Speaker 1: acknowledging when mistakes are made and fixing those mistakes, like 151 00:09:43,440 --> 00:09:46,840 Speaker 1: this Susan Monterez. Trump had someone else in mind to 152 00:09:46,880 --> 00:09:50,199 Speaker 1: head up CDC. Of course, Big Pharma didn't like him 153 00:09:50,200 --> 00:09:52,520 Speaker 1: because they are a bunch of evil, poisonous scump eggs, 154 00:09:52,880 --> 00:09:55,600 Speaker 1: so they own a bunch of United States Senators, including 155 00:09:55,640 --> 00:10:00,160 Speaker 1: Republicans like Builcasidy of Louisiana. They torpedoed his nomination and 156 00:10:00,360 --> 00:10:05,040 Speaker 1: trumpet with this Susan Monterez girl for some reason, because 157 00:10:05,080 --> 00:10:06,760 Speaker 1: there were red flags all over the place. 158 00:10:09,240 --> 00:10:11,760 Speaker 8: What can we do to ensure that at Steady State, 159 00:10:11,840 --> 00:10:14,720 Speaker 8: not just in response to a pandemic, but at Steady State, 160 00:10:14,880 --> 00:10:19,079 Speaker 8: that we have an open and inclusive and a fully 161 00:10:19,200 --> 00:10:24,200 Speaker 8: benefiting clinical trial network so that we can ensure that 162 00:10:24,280 --> 00:10:27,920 Speaker 8: it's equitable, that it's accessible, that it isn't just skewed 163 00:10:27,960 --> 00:10:31,360 Speaker 8: towards a demographic or geographic or a patient population, but 164 00:10:31,400 --> 00:10:34,560 Speaker 8: we actually have an inclusive clinical trial network. 165 00:10:36,640 --> 00:10:39,520 Speaker 1: You heard all the buzzwords, she's a dirty communist who 166 00:10:39,520 --> 00:10:41,040 Speaker 1: never should have been there. Well now she's gone, and 167 00:10:41,040 --> 00:10:44,960 Speaker 1: that's a good thing. Keep in mind where we were. 168 00:10:45,240 --> 00:10:48,560 Speaker 1: I just mentioned we have doctor Jay and others involved 169 00:10:48,600 --> 00:10:52,280 Speaker 1: now with the national health institutions of this country. Keep 170 00:10:52,280 --> 00:10:55,000 Speaker 1: in mind where we were. Remember when they tried to 171 00:10:55,040 --> 00:10:59,360 Speaker 1: create a new pandemic scare out of this monkey pox thing, 172 00:10:59,720 --> 00:11:02,040 Speaker 1: and they brought in this muddy buddy on TV to 173 00:11:02,080 --> 00:11:05,960 Speaker 1: tell you about it. The confusion exists, the misperceptions. 174 00:11:06,040 --> 00:11:07,160 Speaker 6: Yeah, so I think you know this. 175 00:11:07,160 --> 00:11:10,959 Speaker 5: This virus transmits through very close skin to skin physical contact, 176 00:11:11,120 --> 00:11:14,280 Speaker 5: often in the setting of sexual exposure, but there are 177 00:11:14,320 --> 00:11:17,920 Speaker 5: other mechanisms for its transmission, including if you touch objects 178 00:11:17,920 --> 00:11:21,520 Speaker 5: at individuals who've had monkey pocks touch, or if if 179 00:11:21,600 --> 00:11:25,400 Speaker 5: you have prolonged exposure to respiratory droplets. With that said, 180 00:11:25,559 --> 00:11:28,600 Speaker 5: signaling to people who are in the gay, bisexual, other 181 00:11:28,640 --> 00:11:31,280 Speaker 5: men who have sex with men communities, and also transgender 182 00:11:31,320 --> 00:11:33,800 Speaker 5: people who have sex with men, that it's really important 183 00:11:33,840 --> 00:11:36,080 Speaker 5: to have awareness that that's circulating in the community. Is 184 00:11:36,120 --> 00:11:38,760 Speaker 5: really a critical part of the messaging while not generating, 185 00:11:39,679 --> 00:11:43,160 Speaker 5: you know, inordinate concern and really focusing on the infection 186 00:11:43,320 --> 00:11:46,080 Speaker 5: as linked to an identity. So it's just an infection. 187 00:11:46,160 --> 00:11:47,959 Speaker 5: It's not linked to an identity. It just happens to 188 00:11:48,000 --> 00:11:48,840 Speaker 5: be in the social network. 189 00:11:50,080 --> 00:11:52,200 Speaker 1: No, it's linked to one identity. It's a gay it's 190 00:11:52,200 --> 00:11:54,719 Speaker 1: a gay disease that only affects people who engage in 191 00:11:54,760 --> 00:11:57,440 Speaker 1: gay activity or the dogs they couple with. Yeah, you 192 00:11:57,480 --> 00:12:00,920 Speaker 1: forgot about that story, right, Those were the people who 193 00:12:01,000 --> 00:12:07,120 Speaker 1: were in charge of America's health institutions. Of course, that 194 00:12:07,240 --> 00:12:10,800 Speaker 1: dude resigned because we're getting rid of a lot of 195 00:12:10,800 --> 00:12:14,200 Speaker 1: the bad people in the CDC. Now he's the shining 196 00:12:14,280 --> 00:12:17,320 Speaker 1: star on all the morning shows trashing the Trump administration. 197 00:12:18,640 --> 00:12:21,320 Speaker 4: We're seeing the tip of the iceberg. So right now, 198 00:12:21,320 --> 00:12:26,160 Speaker 4: I think probably the most prominent demonstration of that is 199 00:12:26,600 --> 00:12:31,120 Speaker 4: what Secretary Kennedy did with changing the childhood's schedule for 200 00:12:31,200 --> 00:12:35,080 Speaker 4: COVID nineteen, in that we were directed that only children 201 00:12:35,120 --> 00:12:38,240 Speaker 4: with underlying conditions would be the ones that should qualify 202 00:12:38,280 --> 00:12:41,160 Speaker 4: for vaccination. That's not what the data shows. I mean, 203 00:12:41,200 --> 00:12:42,360 Speaker 4: from my vantage point. 204 00:12:42,200 --> 00:12:44,720 Speaker 5: As a doctor who's taken the hippocratic oath, I only 205 00:12:44,760 --> 00:12:48,040 Speaker 5: see harm cooming. I may be wrong, but based on 206 00:12:48,080 --> 00:12:50,040 Speaker 5: what I'm seeing, based on what I've heard with the 207 00:12:50,080 --> 00:12:54,080 Speaker 5: new members of the Advisory Committee for Immunization Practices or ACIP, 208 00:12:54,600 --> 00:12:57,760 Speaker 5: they're really moving in an ideologic direction where they want 209 00:12:57,800 --> 00:13:00,439 Speaker 5: to see the undoing of vaccination. Do you want to 210 00:13:00,480 --> 00:13:03,640 Speaker 5: see the undoing of mRNA vaccination? They have a very 211 00:13:03,679 --> 00:13:06,880 Speaker 5: specific target on COVID, but I do fear that they 212 00:13:06,880 --> 00:13:09,280 Speaker 5: have other things that they are going to be working on. 213 00:13:09,640 --> 00:13:13,000 Speaker 5: Hepatitis B vaccine is on the agenda for the meeting 214 00:13:13,400 --> 00:13:16,120 Speaker 5: in September. I predict that what they're going to do 215 00:13:16,240 --> 00:13:18,480 Speaker 5: is try to change the birth dose of hepatitis B 216 00:13:18,640 --> 00:13:21,240 Speaker 5: vaccine so that kids don't get it when they're born. 217 00:13:23,520 --> 00:13:28,040 Speaker 1: Yeah, kids shouldn't be getting that when they're born. These 218 00:13:28,040 --> 00:13:30,800 Speaker 1: were the people who were in charge of the institutions. 219 00:13:31,440 --> 00:13:37,240 Speaker 1: They're being removed. Now. Be grateful that at least some 220 00:13:37,480 --> 00:13:42,160 Speaker 1: of our institutions are attempting to bring that trust back 221 00:13:42,400 --> 00:13:45,839 Speaker 1: to create that bond again. Is it enough? No, it's 222 00:13:45,880 --> 00:13:49,280 Speaker 1: not enough yet, It's more than we've had. All that 223 00:13:49,320 --> 00:13:53,679 Speaker 1: may have made you uncomfortable, but I am right. One 224 00:13:53,720 --> 00:13:57,160 Speaker 1: of the very few positives that came from COVID was 225 00:13:57,400 --> 00:14:02,640 Speaker 1: I got to discover Chalk, wonderful natural herbal supplements, the 226 00:14:02,640 --> 00:14:05,720 Speaker 1: best I've ever had in my entire life. I discovered 227 00:14:05,800 --> 00:14:09,080 Speaker 1: Chalk because while everyone else was panicking and running for 228 00:14:09,120 --> 00:14:11,760 Speaker 1: the hills, Chok was telling people to go outside, get 229 00:14:11,800 --> 00:14:14,640 Speaker 1: some exercise, take the stupid mask off your freaking face. 230 00:14:15,400 --> 00:14:18,840 Speaker 1: The most hardcore anti communist company I've ever dealt with 231 00:14:18,880 --> 00:14:22,880 Speaker 1: in my entire life. I take a male vitality stack 232 00:14:22,920 --> 00:14:26,200 Speaker 1: from Chalk every single day. Keeps me full of pep, 233 00:14:26,560 --> 00:14:31,360 Speaker 1: keeps me feeling good every single day. They have female 234 00:14:31,440 --> 00:14:34,880 Speaker 1: vitality stacks. They have a great all natural pre workout, 235 00:14:35,160 --> 00:14:40,200 Speaker 1: they have whatever you need, Chalk dot Com, slash Jesse TV. 236 00:14:41,400 --> 00:14:52,360 Speaker 1: We'll be back, all right, Let's talk again about the 237 00:14:52,400 --> 00:14:59,240 Speaker 1: world of make believe. Why are American Democrats so nuts? 238 00:15:00,960 --> 00:15:03,520 Speaker 1: Why are they so frantic all the time, so angry 239 00:15:03,600 --> 00:15:06,480 Speaker 1: all the time, so violent all the time, because they 240 00:15:06,520 --> 00:15:08,480 Speaker 1: live in a world of make believe that has been 241 00:15:08,520 --> 00:15:12,280 Speaker 1: created for them by the American media. They never seek 242 00:15:12,320 --> 00:15:15,520 Speaker 1: out alternate forms of media. They're not sitting here watching 243 00:15:15,600 --> 00:15:21,680 Speaker 1: I'm right they watch ABC, NBCCBSCNN, and they think, even 244 00:15:21,720 --> 00:15:25,160 Speaker 1: if they know it's biased, even if they're getting biased information, 245 00:15:25,680 --> 00:15:30,040 Speaker 1: they think they're getting some kernel of truth. But this 246 00:15:30,120 --> 00:15:32,760 Speaker 1: is the problem. They're not getting any kernel of truth. 247 00:15:32,880 --> 00:15:36,080 Speaker 1: It's kernelless. I don't think that's an actual word, but 248 00:15:36,120 --> 00:15:39,520 Speaker 1: you understand exactly what I mean. There's no truth. They 249 00:15:39,560 --> 00:15:42,360 Speaker 1: live in a world of make believe. For instance, you 250 00:15:42,480 --> 00:15:47,960 Speaker 1: probably remember CBS sixty minutes sitting down with Kamala Harris 251 00:15:48,200 --> 00:15:50,800 Speaker 1: when she's behind. She was pulling behind at the time, 252 00:15:51,480 --> 00:15:54,480 Speaker 1: and they sat down with her trying to fluff her up, 253 00:15:54,520 --> 00:15:57,160 Speaker 1: if you will, trying to pretty her up, make her 254 00:15:57,200 --> 00:16:01,520 Speaker 1: look better, smarter to the American public. Courtesy of May's Moore, 255 00:16:01,600 --> 00:16:05,920 Speaker 1: here's a little montage of what she actually said versus 256 00:16:05,920 --> 00:16:06,680 Speaker 1: what they showed. 257 00:16:07,760 --> 00:16:10,600 Speaker 6: But it seems that Prime Minister net and Yah who 258 00:16:10,720 --> 00:16:12,400 Speaker 6: is not listening. 259 00:16:12,520 --> 00:16:17,640 Speaker 9: Well, Bill, the work that we have done has resulted 260 00:16:18,000 --> 00:16:23,400 Speaker 9: in a number of movements in that region by Israel 261 00:16:23,520 --> 00:16:29,160 Speaker 9: that were very much prompted by or a result of 262 00:16:29,680 --> 00:16:33,320 Speaker 9: many things, including our advocacy for what needs to happen 263 00:16:33,360 --> 00:16:33,840 Speaker 9: in the region. 264 00:16:33,880 --> 00:16:36,640 Speaker 6: But it seems that Prime Minister net and Yah, who 265 00:16:36,760 --> 00:16:37,960 Speaker 6: is not listening. 266 00:16:38,280 --> 00:16:41,880 Speaker 9: We're not going to stop pursuing what is necessary for 267 00:16:41,920 --> 00:16:44,160 Speaker 9: the United States to be clear about where we stand 268 00:16:44,200 --> 00:16:48,960 Speaker 9: on the need for this war to end. 269 00:16:49,840 --> 00:16:55,520 Speaker 1: Now, let me be clear, that's not editing, that's not bias. 270 00:16:56,560 --> 00:17:01,760 Speaker 1: That's lying. That's lying to make Kamala Harris look good. 271 00:17:02,640 --> 00:17:07,160 Speaker 1: That's lying so Kamala Harris can win an election. Donald 272 00:17:07,200 --> 00:17:11,840 Speaker 1: Trump famously sued them, and they famously settled sixteen million 273 00:17:11,880 --> 00:17:14,080 Speaker 1: dollars later. They just wrote a check for sixteen million 274 00:17:14,119 --> 00:17:17,520 Speaker 1: dollars because they knew they lied, And I'm sure Discovery 275 00:17:17,680 --> 00:17:21,679 Speaker 1: would have been pretty spicy behind the scenes. Now, one 276 00:17:21,720 --> 00:17:24,120 Speaker 1: of the most revealing parts of that was what came 277 00:17:24,200 --> 00:17:27,720 Speaker 1: after the reaction that came after Member Scott Pelly. Now 278 00:17:27,800 --> 00:17:30,440 Speaker 1: keep in mind, I just showed you the video. They lied, 279 00:17:30,960 --> 00:17:34,200 Speaker 1: They outright lied, Remember what Scott Pelley said about it. 280 00:17:36,040 --> 00:17:41,399 Speaker 10: But in this moment, this moment, this morning, our sacred 281 00:17:41,560 --> 00:17:49,800 Speaker 10: rule of law is underattack. Journalism is underattack, universities are 282 00:17:50,000 --> 00:17:58,120 Speaker 10: under attack, Freedom of speech is underattack, and insidious fear. 283 00:18:00,760 --> 00:18:01,920 Speaker 1: Is reaching. 284 00:18:03,520 --> 00:18:10,160 Speaker 10: Through our schools, our businesses, our homes, and into our 285 00:18:10,200 --> 00:18:11,080 Speaker 10: private thoughts. 286 00:18:13,520 --> 00:18:18,000 Speaker 1: The fear to speak in America. 287 00:18:18,920 --> 00:18:25,960 Speaker 10: Diversity is now described as illegal. Equity is to be shunned. 288 00:18:28,640 --> 00:18:34,240 Speaker 1: Journalism is under attack, that's what he thinks. Journalism is 289 00:18:35,359 --> 00:18:40,360 Speaker 1: life on behalf of Democrats. To him, that's journalism. If 290 00:18:40,400 --> 00:18:43,479 Speaker 1: I can't lie to help Democrats, how can I do 291 00:18:43,560 --> 00:18:46,080 Speaker 1: my job? And they just did the same thing to 292 00:18:46,160 --> 00:18:50,720 Speaker 1: Christy Knowles when on the news CBS. Credit to her 293 00:18:50,760 --> 00:18:53,479 Speaker 1: for putting this out there. This is what she said 294 00:18:53,880 --> 00:18:55,280 Speaker 1: versus what they show. 295 00:18:56,080 --> 00:18:58,040 Speaker 11: And the one thing that we will continue to do 296 00:18:58,560 --> 00:19:00,840 Speaker 11: is to make sure that he doesn't want in the 297 00:19:00,920 --> 00:19:05,480 Speaker 11: United States of America. This individual was a known human smuggler, 298 00:19:05,600 --> 00:19:08,560 Speaker 11: a MS thirteen gang member, an individual who was a 299 00:19:08,600 --> 00:19:12,879 Speaker 11: wife beater, and someone who was so perverted that he 300 00:19:13,000 --> 00:19:16,760 Speaker 11: solicited nude photos from miners and even his fellow human 301 00:19:16,800 --> 00:19:19,080 Speaker 11: traffickers told him to knock it off. He was so 302 00:19:19,560 --> 00:19:21,240 Speaker 11: sick in what he was doing and how he was 303 00:19:21,280 --> 00:19:24,240 Speaker 11: treating small children. So he needs to never be in 304 00:19:24,280 --> 00:19:27,240 Speaker 11: the United States of America, and our administration is making 305 00:19:27,280 --> 00:19:28,960 Speaker 11: sure we're doing all that we can to bring him 306 00:19:29,000 --> 00:19:29,600 Speaker 11: to justice. 307 00:19:33,119 --> 00:19:38,960 Speaker 1: That's not bias, that's not editing, that's lie. And that 308 00:19:39,160 --> 00:19:42,760 Speaker 1: is why the liberal and pagy in your life, whether 309 00:19:42,800 --> 00:19:45,959 Speaker 1: it's your mom or your daughter, your coworker, or your husband, 310 00:19:46,080 --> 00:19:49,520 Speaker 1: or your son or your neighbor. That is why they 311 00:19:49,520 --> 00:19:52,919 Speaker 1: believe all the way, a bunch of things that have 312 00:19:53,200 --> 00:19:57,399 Speaker 1: no basis in reality whatsoever, Because what goes into your 313 00:19:57,440 --> 00:20:01,360 Speaker 1: eyes and ears matters a lot. They are in a bubble, 314 00:20:01,680 --> 00:20:05,960 Speaker 1: a world of make believe that it's constantly being maintained 315 00:20:06,240 --> 00:20:10,600 Speaker 1: by the evil communists who run America's media. Now that's 316 00:20:10,640 --> 00:20:14,240 Speaker 1: the bad news. The good news is the American right 317 00:20:14,440 --> 00:20:17,600 Speaker 1: is waking up to this fact and exposing this fact. 318 00:20:17,600 --> 00:20:20,640 Speaker 1: The Trump administration is actually really good about this. They're 319 00:20:20,680 --> 00:20:25,119 Speaker 1: starting to film these things themselves and then broadcasting the 320 00:20:25,160 --> 00:20:29,320 Speaker 1: full interview while openly attacking the media. No more being 321 00:20:29,359 --> 00:20:33,320 Speaker 1: the low TGP and whining about hypocrisy. No no, no, no 322 00:20:33,320 --> 00:20:37,000 Speaker 1: no no. Call them filthy liars to their faces and 323 00:20:37,119 --> 00:20:41,399 Speaker 1: expose them to the world. Maybe, just maybe, your liberal 324 00:20:41,480 --> 00:20:44,040 Speaker 1: aunt Peggy can break out of that prison one day. 325 00:20:44,520 --> 00:20:51,399 Speaker 1: Fingers crossed for her. All right, now, Congress is back 326 00:20:51,440 --> 00:20:55,879 Speaker 1: in session. We'll talk to Senator Ron Johnson next about 327 00:20:55,920 --> 00:20:59,040 Speaker 1: the big spending bill, which I'm sure is coming for 328 00:20:59,119 --> 00:21:03,680 Speaker 1: your wallet. Before we talk to him, let me save 329 00:21:03,720 --> 00:21:05,639 Speaker 1: you some money, because Congress is about to spend all 330 00:21:05,640 --> 00:21:09,520 Speaker 1: the years. Let's let's get you a Pure Talk phone plan. 331 00:21:10,600 --> 00:21:13,400 Speaker 1: You don't need a Verizon phone plan. You don't need 332 00:21:13,400 --> 00:21:16,359 Speaker 1: an AT and T phone plan. You don't need T Mobile. 333 00:21:16,840 --> 00:21:20,280 Speaker 1: You're paying too much money, way too much money, not 334 00:21:20,359 --> 00:21:23,679 Speaker 1: a little, way too much money. I had the best 335 00:21:23,680 --> 00:21:27,720 Speaker 1: case of sticker shock ever when I switched our family 336 00:21:27,920 --> 00:21:33,120 Speaker 1: from T Mobile to Pure Talk. Half. We now pay 337 00:21:33,400 --> 00:21:36,639 Speaker 1: half of what we were paying. And remember, you're not 338 00:21:36,720 --> 00:21:40,520 Speaker 1: sacrificing anything. Keep your phone, keep your phone number, or 339 00:21:40,560 --> 00:21:42,159 Speaker 1: get a new one. They have new ones they'll sell you, 340 00:21:42,880 --> 00:21:45,959 Speaker 1: but you'll pay so much less, save some money, and 341 00:21:46,000 --> 00:21:48,760 Speaker 1: you'll stop sending your money to a company who hates you. 342 00:21:49,800 --> 00:22:03,640 Speaker 1: Pure Talk dot com slash Jesse TV. We'll be back. Well, 343 00:22:03,680 --> 00:22:05,520 Speaker 1: I do have some bad news. Well good news and 344 00:22:05,560 --> 00:22:08,200 Speaker 1: bad news. The good news is Senator Ron Johnson is here. 345 00:22:08,240 --> 00:22:10,600 Speaker 1: But the bad news is Congress is back in session. 346 00:22:10,680 --> 00:22:12,480 Speaker 1: So I'm sure we're about to get screwed in one 347 00:22:12,520 --> 00:22:16,080 Speaker 1: way or another. So joining me now, Senator Ron Johnson 348 00:22:16,119 --> 00:22:19,000 Speaker 1: from the great state of Wisconsin. Okay, Senator, before we 349 00:22:19,040 --> 00:22:21,480 Speaker 1: get into the spending, which I have no doubt is coming, 350 00:22:21,520 --> 00:22:23,520 Speaker 1: and we'll be told that we have to pass into 351 00:22:23,560 --> 00:22:25,880 Speaker 1: the world will come to an end. What's happening at 352 00:22:25,880 --> 00:22:29,280 Speaker 1: the CDC, because it looks like good things from my perspective. 353 00:22:29,760 --> 00:22:32,520 Speaker 6: Well, Jesse, I would tend to agree with you. 354 00:22:32,720 --> 00:22:36,239 Speaker 12: I don't have knowledge of all the inner workings, but 355 00:22:36,560 --> 00:22:40,000 Speaker 12: from my standpoint, I think federal health agencies were corrupted. 356 00:22:40,720 --> 00:22:43,880 Speaker 12: I think it's been obvious, certainly since COVID, that the 357 00:22:43,880 --> 00:22:47,640 Speaker 12: federal health agencies were captured by big pharma other interests. 358 00:22:47,760 --> 00:22:49,640 Speaker 12: They weren't serving the interest of the American public. They 359 00:22:49,640 --> 00:22:52,359 Speaker 12: were lying to us. I mean, there's a long list 360 00:22:52,359 --> 00:22:55,359 Speaker 12: of lies told during COVID. The injection was going to 361 00:22:55,400 --> 00:22:57,840 Speaker 12: stay in our arm, you know. Again, things we weren't 362 00:22:57,880 --> 00:23:02,680 Speaker 12: told about, the bio distribution of the of the injection 363 00:23:02,840 --> 00:23:06,679 Speaker 12: it's an injection, the covering up of the micratitis signal 364 00:23:06,720 --> 00:23:09,159 Speaker 12: that we know now we have documents of that. I 365 00:23:09,200 --> 00:23:12,280 Speaker 12: think there's gonna be more information coming out of other 366 00:23:12,359 --> 00:23:16,560 Speaker 12: signals that they also hid. So again, these agencies have 367 00:23:17,680 --> 00:23:20,680 Speaker 12: lost the trust in the American public because they haven't 368 00:23:20,720 --> 00:23:24,560 Speaker 12: been trustworthy. And these are the individuals that push the mandates. 369 00:23:25,320 --> 00:23:29,200 Speaker 12: They're the people that covered things up, lied to the 370 00:23:29,280 --> 00:23:32,320 Speaker 12: American public. And from my standpoint, I'm happy to see 371 00:23:32,359 --> 00:23:32,639 Speaker 12: him go. 372 00:23:34,800 --> 00:23:38,880 Speaker 1: Senator. It's kind of a general question, but I think 373 00:23:38,960 --> 00:23:42,880 Speaker 1: the trust between people and their institutions is just everything 374 00:23:42,920 --> 00:23:45,199 Speaker 1: for a country, and then a country will end if 375 00:23:45,240 --> 00:23:49,200 Speaker 1: that trust is broken. Do the people who run these institutions, 376 00:23:49,200 --> 00:23:52,520 Speaker 1: all of them health, I mean, FBI, media, whatever, do 377 00:23:52,640 --> 00:23:55,080 Speaker 1: they realize that? Does that go into any of their 378 00:23:55,080 --> 00:23:57,520 Speaker 1: heads as they tell lie after lie and then cover 379 00:23:57,640 --> 00:23:59,360 Speaker 1: up the lie that they just told and then cover 380 00:23:59,480 --> 00:24:01,840 Speaker 1: up for the cover Do any of these people care 381 00:24:02,400 --> 00:24:04,920 Speaker 1: that that trust is necessary or the country will end? 382 00:24:06,440 --> 00:24:08,520 Speaker 6: What I've found again, I'm not of this world. 383 00:24:08,840 --> 00:24:12,119 Speaker 12: I'm an accountant from Oshcrash, Wisconsin, came here and never 384 00:24:12,200 --> 00:24:14,320 Speaker 12: ran for office. All of a sudden here in Washington, 385 00:24:14,359 --> 00:24:18,040 Speaker 12: d C. And this is a bubble. It's a very thick, 386 00:24:18,119 --> 00:24:20,560 Speaker 12: well insulated bubble. And I think that's the part of 387 00:24:20,600 --> 00:24:23,400 Speaker 12: the problem, is you have all this government concentrated right 388 00:24:23,440 --> 00:24:28,119 Speaker 12: here in this alternate universe. A better idea would literally 389 00:24:28,119 --> 00:24:30,600 Speaker 12: to be to send off these agencies into different states 390 00:24:31,040 --> 00:24:34,000 Speaker 12: so that the people that first of all serve those 391 00:24:34,000 --> 00:24:37,800 Speaker 12: agencies come from different places, not just within the Beltway here. 392 00:24:38,359 --> 00:24:39,600 Speaker 6: But I think that's a big problem. 393 00:24:39,760 --> 00:24:42,000 Speaker 12: I've often said that we just don't have enough people 394 00:24:42,160 --> 00:24:44,960 Speaker 12: in Washington, c not in the administration, not in congresstant 395 00:24:44,960 --> 00:24:48,800 Speaker 12: and congressional staff, they have any experience in which means 396 00:24:48,880 --> 00:24:51,359 Speaker 12: very little knowledge of and maybe worse sympathy for the 397 00:24:51,400 --> 00:24:52,080 Speaker 12: private sector. 398 00:24:52,640 --> 00:24:54,440 Speaker 6: That they don't have a clue how hard. 399 00:24:54,240 --> 00:24:56,679 Speaker 12: It is to run a business and how all the 400 00:24:56,800 --> 00:24:59,960 Speaker 12: rules of regulation, the taxes that they impose on businesses 401 00:25:00,200 --> 00:25:02,439 Speaker 12: just making that much more difficult. So it's just a 402 00:25:02,440 --> 00:25:06,280 Speaker 12: matter of a simply again no experience in, very little 403 00:25:06,359 --> 00:25:10,199 Speaker 12: knowledge of, and maybe worse, no sympathy for. And then 404 00:25:10,240 --> 00:25:13,359 Speaker 12: throw on top of that and we'll talk about this 405 00:25:13,400 --> 00:25:17,200 Speaker 12: with spending. They've never even been part of a functioning 406 00:25:17,400 --> 00:25:20,760 Speaker 12: organization where you have a mission statement. We had a 407 00:25:20,880 --> 00:25:23,359 Speaker 12: vision statement where we set annual goals, where the people 408 00:25:23,359 --> 00:25:26,040 Speaker 12: that are part of the organization understand their role they 409 00:25:26,040 --> 00:25:29,160 Speaker 12: play to accomplish those goals. And again here we are. 410 00:25:29,560 --> 00:25:32,800 Speaker 12: We don't appropriate these accounts, not in you know, any 411 00:25:32,920 --> 00:25:33,320 Speaker 12: kind of. 412 00:25:35,280 --> 00:25:36,040 Speaker 6: Rational way. 413 00:25:36,080 --> 00:25:38,639 Speaker 12: It's you know, these two thousand plus page on we 414 00:25:38,680 --> 00:25:41,200 Speaker 12: of spending bills that nobody has a chance to read. 415 00:25:41,280 --> 00:25:43,840 Speaker 12: Somebody writes them somewhere, they slip all kinds of crap 416 00:25:43,880 --> 00:25:48,040 Speaker 12: in there, and that's been accepted here like like, that's 417 00:25:48,040 --> 00:25:52,040 Speaker 12: how the government operates. It's a seven trillion, seven trillion 418 00:25:52,119 --> 00:25:57,080 Speaker 12: dollars a year entity, seven trillion dollars, seven thousand billion dollars, 419 00:25:57,640 --> 00:26:00,040 Speaker 12: and and we don't have our act together where we 420 00:26:00,040 --> 00:26:02,679 Speaker 12: actually appropriate. And again, all we're trying to appropriate is 421 00:26:02,680 --> 00:26:05,159 Speaker 12: about a quarter of it. Seventy five per cent of 422 00:26:05,240 --> 00:26:08,600 Speaker 12: is an automatic pilot, and they set it up that 423 00:26:08,680 --> 00:26:10,919 Speaker 12: way so they don't don't have to appropriate it. So 424 00:26:10,960 --> 00:26:13,680 Speaker 12: the government just continues to grow. And as government grows, 425 00:26:13,680 --> 00:26:15,720 Speaker 12: our freedom's received. So now I'm not a fan of 426 00:26:15,760 --> 00:26:16,520 Speaker 12: this place at. 427 00:26:16,440 --> 00:26:20,000 Speaker 1: All, Senator Okay, I mean you brought it up. We 428 00:26:20,080 --> 00:26:24,000 Speaker 1: might as well get into this horrible subject. A spending 429 00:26:24,000 --> 00:26:27,359 Speaker 1: bill is coming of some kind. What is coming? Is 430 00:26:27,359 --> 00:26:30,280 Speaker 1: it multiple bills? Is it an omnibus bill? Is it? 431 00:26:30,640 --> 00:26:32,679 Speaker 1: What is coming? And how bad is it going to be? 432 00:26:33,720 --> 00:26:36,760 Speaker 12: Probably the best case scenario just be a continuing resolution. Again, 433 00:26:37,400 --> 00:26:39,919 Speaker 12: it's an awful way to run government. But if you 434 00:26:39,960 --> 00:26:42,119 Speaker 12: have to do a deal with Democrats, they're going to 435 00:26:42,160 --> 00:26:45,520 Speaker 12: demand more spending and we can't afford it. Jessey, I 436 00:26:45,560 --> 00:26:48,400 Speaker 12: know you know that. Since January first this year, I've 437 00:26:48,440 --> 00:26:51,719 Speaker 12: been arguing that we must return to a pre pandemic 438 00:26:52,119 --> 00:26:56,239 Speaker 12: level of spending. We're not even close. I laid out 439 00:26:56,280 --> 00:26:58,760 Speaker 12: options somewhe between five point five and six point five 440 00:26:58,800 --> 00:26:59,640 Speaker 12: trillion dollars. 441 00:27:00,080 --> 00:27:01,840 Speaker 6: We're still spending well over seven trillion. 442 00:27:02,359 --> 00:27:02,520 Speaker 1: You know. 443 00:27:02,560 --> 00:27:04,880 Speaker 12: The one big beautiful bill knocked that down a little bit, 444 00:27:04,920 --> 00:27:07,919 Speaker 12: but not by much, not not anywhere near enough. And 445 00:27:07,960 --> 00:27:11,640 Speaker 12: so probably the best situation is just continued spending at 446 00:27:11,840 --> 00:27:15,159 Speaker 12: this year's level, don't increase it. Do that for a 447 00:27:15,240 --> 00:27:17,760 Speaker 12: year after year after year. It's probably the best case 448 00:27:17,760 --> 00:27:26,320 Speaker 12: scenario until literally we have the public demanding fiscal conservatism. Now, 449 00:27:26,480 --> 00:27:28,880 Speaker 12: President Trump, you remember, in his address to Congress, said 450 00:27:28,880 --> 00:27:31,720 Speaker 12: he wanted to do something in the near term that 451 00:27:31,840 --> 00:27:36,280 Speaker 12: hasn't been done in twenty four years, balance the federal budget. Well, listen, 452 00:27:36,720 --> 00:27:39,480 Speaker 12: no president in my lifetime has honored his promises more 453 00:27:39,520 --> 00:27:42,159 Speaker 12: than President Trump has. I want to hold him to 454 00:27:42,200 --> 00:27:44,040 Speaker 12: his word. Now, I'll do everything I can to help 455 00:27:44,119 --> 00:27:48,160 Speaker 12: him with that line by line review, program by program 456 00:27:48,160 --> 00:27:49,280 Speaker 12: review of the federal budget. 457 00:27:49,560 --> 00:27:52,920 Speaker 6: You know, nothing should be out the table, but that's 458 00:27:52,960 --> 00:27:53,679 Speaker 6: what it's gonna take. 459 00:27:53,720 --> 00:27:57,639 Speaker 12: It's gonna take like forensic accounting, an analysis and information 460 00:27:58,400 --> 00:28:00,520 Speaker 12: and the public has to be behind us, because that's 461 00:28:00,520 --> 00:28:02,560 Speaker 12: a big problem Jesse when you don't have the public 462 00:28:02,600 --> 00:28:06,200 Speaker 12: demanding it. But what public wants is they want their benefits, right, 463 00:28:06,600 --> 00:28:09,520 Speaker 12: they want their benefits. You can cut somebody else benefit, 464 00:28:09,560 --> 00:28:12,240 Speaker 12: but don't don't cut my benefit. And by the way, 465 00:28:12,320 --> 00:28:15,320 Speaker 12: tax somebody else for my benefit as well. So that's 466 00:28:15,480 --> 00:28:18,840 Speaker 12: that's the game. The American public is basically paying or 467 00:28:18,880 --> 00:28:22,200 Speaker 12: playing tax somebody else to provide me my benefit. No, 468 00:28:22,280 --> 00:28:25,320 Speaker 12: by the way, increase my benefit. That's that's the state 469 00:28:25,320 --> 00:28:26,080 Speaker 12: of play in America. 470 00:28:26,200 --> 00:28:26,400 Speaker 1: Day. 471 00:28:27,040 --> 00:28:30,600 Speaker 12: Yeah, yeah, driving driving, driving to the airport today, I 472 00:28:30,680 --> 00:28:34,200 Speaker 12: was listened to Wisconsin Talk Radio. Three and a half 473 00:28:34,440 --> 00:28:39,400 Speaker 12: million riders of the Milwaukee transit system don't pay the 474 00:28:39,440 --> 00:28:44,440 Speaker 12: bus fair. That's like eight million bus fairs going unpaid annually. 475 00:28:46,880 --> 00:28:48,880 Speaker 6: That is the level of lock. 476 00:28:48,720 --> 00:28:52,560 Speaker 12: Of respect for law, the lawlessness that. 477 00:28:51,600 --> 00:28:53,760 Speaker 6: That we're we're living in today here in America. It's 478 00:28:53,800 --> 00:28:54,680 Speaker 6: not a pretty. 479 00:28:54,360 --> 00:29:00,640 Speaker 1: Sight speaking of lawlessness. Look, I'll you don't want to 480 00:29:00,640 --> 00:29:03,320 Speaker 1: single her out, even though I can't stand her. Ilhan 481 00:29:03,400 --> 00:29:06,040 Speaker 1: Omar's big story out there today that she makes one 482 00:29:06,080 --> 00:29:08,040 Speaker 1: hundred and seventy four thousand dollars a year. Her net 483 00:29:08,080 --> 00:29:11,000 Speaker 1: worth is thirty million dollars. We hear about the stock 484 00:29:11,080 --> 00:29:14,000 Speaker 1: trading all the time, where members of Congress somehow beat 485 00:29:14,000 --> 00:29:17,280 Speaker 1: Warren Buffett every single year in the stock market. It's 486 00:29:17,360 --> 00:29:20,560 Speaker 1: such naked corruption that seems like it should be such 487 00:29:20,600 --> 00:29:23,480 Speaker 1: an easy thing to solve. What is happening back there? 488 00:29:24,400 --> 00:29:26,720 Speaker 12: Well, again, I don't know the specifics of her situation, 489 00:29:26,840 --> 00:29:30,960 Speaker 12: but it sounds like she was funneling campaign contributions to 490 00:29:31,000 --> 00:29:34,160 Speaker 12: her now husband when he was not her husband. And 491 00:29:34,200 --> 00:29:36,920 Speaker 12: they build up a little nestig there. And again I 492 00:29:36,920 --> 00:29:39,080 Speaker 12: don't know how else they they've built their wealth, but yeah, 493 00:29:39,120 --> 00:29:42,640 Speaker 12: I mean something like her it goes from nothing to 494 00:29:42,920 --> 00:29:46,040 Speaker 12: six to thirty million dollars in wealth. Again, that's it's 495 00:29:46,080 --> 00:29:48,840 Speaker 12: a weird account. It's a weird fancier disclosure. They have 496 00:29:48,920 --> 00:29:51,440 Speaker 12: these ranges from one to five million, five to twenty 497 00:29:51,440 --> 00:29:55,400 Speaker 12: five million, so you can really overexaggerate what member of 498 00:29:55,440 --> 00:29:59,480 Speaker 12: Congress is worth. But apparently her minimum is six million dollars, 499 00:30:00,000 --> 00:30:02,080 Speaker 12: and I think that ought to be investigator. Remember when 500 00:30:02,320 --> 00:30:05,080 Speaker 12: this came before Homeland Security and we had Amendment Rix 501 00:30:05,120 --> 00:30:08,200 Speaker 12: got at a great amendment. Well, why don't we investigate 502 00:30:08,320 --> 00:30:11,240 Speaker 12: how Nancy Pelosi got all our wealth? To do the 503 00:30:11,240 --> 00:30:13,680 Speaker 12: same thing with elon Omar or anybody else who just 504 00:30:13,720 --> 00:30:17,000 Speaker 12: has this outsized wealth that they didn't come into Congress with, 505 00:30:17,080 --> 00:30:18,720 Speaker 12: but all of a sudden, after serving a few years, 506 00:30:18,720 --> 00:30:20,760 Speaker 12: all of a sudden, they're worth millions that ought to 507 00:30:20,800 --> 00:30:23,920 Speaker 12: be investigated and, if necessary, prosecuted. 508 00:30:24,920 --> 00:30:27,320 Speaker 6: We have laws on the books to prevent this kind 509 00:30:27,320 --> 00:30:27,720 Speaker 6: of fraud. 510 00:30:30,320 --> 00:30:32,560 Speaker 1: Senator, back to what we were talking about before, you 511 00:30:32,640 --> 00:30:37,520 Speaker 1: mentioned three quarters of the spending is automatic. Is there 512 00:30:37,960 --> 00:30:40,239 Speaker 1: any way to undo that or is all of it 513 00:30:40,360 --> 00:30:43,360 Speaker 1: these third rail of politics stuff where the second you 514 00:30:43,440 --> 00:30:45,360 Speaker 1: bring it up, someone's going to say, you're trying to 515 00:30:45,400 --> 00:30:48,440 Speaker 1: take away Grandma's Social Security and you lose your next election. 516 00:30:48,720 --> 00:30:51,440 Speaker 1: Can we do anything about this spence? 517 00:30:52,360 --> 00:30:54,560 Speaker 12: The thing I continue to point out is if you 518 00:30:54,640 --> 00:30:57,640 Speaker 12: leave social Security and Medicare off the table, even Medicaid, 519 00:30:58,080 --> 00:31:01,560 Speaker 12: we've got a trillion dollars of other mandatory spending. 520 00:31:01,600 --> 00:31:03,120 Speaker 6: It should be discrationinary spending. 521 00:31:03,600 --> 00:31:05,440 Speaker 12: But again, what Congress has done, because they want to 522 00:31:05,520 --> 00:31:09,200 Speaker 12: keep spending more money, is they just deediously transfer what 523 00:31:09,280 --> 00:31:14,840 Speaker 12: should be discrationinary spending appropriated to other mandatory so it 524 00:31:15,040 --> 00:31:17,800 Speaker 12: just becomes mandatory. And again it's out of sight, out 525 00:31:17,800 --> 00:31:20,280 Speaker 12: of control, so that fast game they've been playing. 526 00:31:21,680 --> 00:31:23,600 Speaker 6: But that's why I keep pointing. 527 00:31:23,360 --> 00:31:26,880 Speaker 12: Out there's close to four hundred billion dollars that we're 528 00:31:26,920 --> 00:31:31,480 Speaker 12: spending this year that if you take twenty nineteen expenditures 529 00:31:32,200 --> 00:31:35,960 Speaker 12: plus them up by inflation population, we're spending four hundred 530 00:31:36,000 --> 00:31:38,760 Speaker 12: billion dollars more than that inflated figure from twenty nineteen, 531 00:31:38,800 --> 00:31:40,680 Speaker 12: and that excludes socis, Kitty and Medicare. 532 00:31:44,200 --> 00:31:52,120 Speaker 1: Senator, thank you so much. I appreciate you. It always 533 00:31:52,160 --> 00:31:54,240 Speaker 1: kind of bums me out when we talk about spending 534 00:31:55,560 --> 00:31:57,440 Speaker 1: because it kind of seems I hate to even use 535 00:31:57,480 --> 00:32:03,080 Speaker 1: this word hopeless, doesn't it. It's the same conversation every time. 536 00:32:03,520 --> 00:32:06,200 Speaker 1: Well we can, we won't. No, no one's gonna cut 537 00:32:06,240 --> 00:32:12,640 Speaker 1: anything continuing resolution until we're all bankrupt. Let's doctor Carol 538 00:32:12,680 --> 00:32:13,680 Speaker 1: Roth next. 539 00:32:22,200 --> 00:32:27,280 Speaker 6: Remain to declare national housingsency. Oh wow, is there a 540 00:32:27,320 --> 00:32:27,920 Speaker 6: timeline for that? 541 00:32:31,240 --> 00:32:33,800 Speaker 1: See, that's exactly why I don't do radio remotes. You 542 00:32:33,840 --> 00:32:36,840 Speaker 1: know where you go broadcast from the local auto dealership 543 00:32:36,920 --> 00:32:39,520 Speaker 1: or something like that. Do you here, I'll terrible that 544 00:32:39,520 --> 00:32:41,800 Speaker 1: that audio is go to a studio so I don't 545 00:32:41,840 --> 00:32:44,120 Speaker 1: have to hear everybody in the background. Anyway, What what's 546 00:32:44,160 --> 00:32:46,800 Speaker 1: going on with the housing emergency. This stuff joining me now. 547 00:32:46,920 --> 00:32:50,760 Speaker 1: Carol Roth two times New York Times best selling author, 548 00:32:51,320 --> 00:32:54,840 Speaker 1: former investment banker Carol Okay, First of all, do we 549 00:32:54,920 --> 00:33:00,120 Speaker 1: have a housing emergency? What is it? If we do well? Well? 550 00:33:00,160 --> 00:33:04,680 Speaker 13: It depends on your definition of emergency, Jesse. And obviously 551 00:33:04,720 --> 00:33:07,400 Speaker 13: we've had a lot of national emergencies that have been 552 00:33:07,440 --> 00:33:12,120 Speaker 13: declared which aren't emergencies. So in our non emergency emergencies, 553 00:33:12,160 --> 00:33:15,240 Speaker 13: I would say housing probably ranks near the top, because 554 00:33:15,280 --> 00:33:20,840 Speaker 13: there is at least an affordability crisis, and we certainly 555 00:33:21,600 --> 00:33:24,280 Speaker 13: could use some more housing. So I think it's a 556 00:33:24,320 --> 00:33:28,240 Speaker 13: good thing to focus on in terms of what it 557 00:33:28,400 --> 00:33:31,800 Speaker 13: is that the government can do at the federal level 558 00:33:32,200 --> 00:33:36,200 Speaker 13: to make housing more affordable, you know, that's sort of 559 00:33:36,400 --> 00:33:39,200 Speaker 13: a big question. I mean, some of the things are tangential. 560 00:33:40,200 --> 00:33:44,280 Speaker 13: They could make colleges more affordable by getting the government 561 00:33:44,440 --> 00:33:48,080 Speaker 13: out of college funding, which would then not burden young 562 00:33:48,120 --> 00:33:50,320 Speaker 13: people with debt and give them more money to be 563 00:33:50,320 --> 00:33:54,120 Speaker 13: able to compete in the market. They could try to 564 00:33:54,200 --> 00:33:57,840 Speaker 13: do things to clear out some of the red tape 565 00:33:58,040 --> 00:34:01,640 Speaker 13: and any of the regulatory co at the national level. 566 00:34:02,240 --> 00:34:07,400 Speaker 13: They could make more mortgages assumable. Right now, about eighty 567 00:34:07,440 --> 00:34:11,160 Speaker 13: percent of mortgages are not assumable, and that would make 568 00:34:11,239 --> 00:34:16,680 Speaker 13: it certainly, you know, more less expensive, as I should say, 569 00:34:16,680 --> 00:34:19,080 Speaker 13: to get into the market and create more movement in 570 00:34:19,160 --> 00:34:22,920 Speaker 13: terms of the supply side for people who you know, 571 00:34:23,000 --> 00:34:25,279 Speaker 13: are worried about being stuck and not being able to 572 00:34:25,320 --> 00:34:29,520 Speaker 13: get a better mortgage if they move properties. But you know, 573 00:34:29,600 --> 00:34:31,920 Speaker 13: some of the issues really are at the federal and 574 00:34:32,000 --> 00:34:36,759 Speaker 13: local level. I mean, property taxes and insurance tend to 575 00:34:36,960 --> 00:34:41,480 Speaker 13: outweigh the cost of mortgages and many locales, and so 576 00:34:41,800 --> 00:34:44,120 Speaker 13: even if you can afford getting into the house, you 577 00:34:44,160 --> 00:34:46,880 Speaker 13: may not be able to afford the carrying cost. So 578 00:34:47,040 --> 00:34:49,480 Speaker 13: certainly a lot of work to be done here, whether 579 00:34:49,520 --> 00:34:52,000 Speaker 13: you want to call it an emergency or just a 580 00:34:52,160 --> 00:34:54,040 Speaker 13: very important thing to focus. 581 00:34:53,680 --> 00:34:59,120 Speaker 1: On, all right, Carol, So walk me through this. These 582 00:34:59,160 --> 00:35:02,600 Speaker 1: presidents all declare things to be emergencies so they can 583 00:35:02,640 --> 00:35:06,120 Speaker 1: assume powers they wouldn't otherwise. Have not a big fan 584 00:35:06,400 --> 00:35:09,239 Speaker 1: but we'll set that aside for the moment. What does 585 00:35:09,320 --> 00:35:13,040 Speaker 1: declaring a housing emergency give them the authority to do 586 00:35:13,120 --> 00:35:15,480 Speaker 1: that they don't already have the authority to do. 587 00:35:16,960 --> 00:35:19,319 Speaker 13: I think that's an excellent question. You know, I'm not 588 00:35:19,400 --> 00:35:23,520 Speaker 13: a lawyer, and I don't play one on TV. This administration, 589 00:35:23,680 --> 00:35:27,760 Speaker 13: as with other administrations, don't seem to be burdened by 590 00:35:27,760 --> 00:35:30,600 Speaker 13: what it is that they can or cannot do legally. 591 00:35:31,120 --> 00:35:33,279 Speaker 13: So I think that, you know, they're going to try 592 00:35:33,320 --> 00:35:36,520 Speaker 13: their hand in any of those things that I talked about, 593 00:35:36,560 --> 00:35:40,840 Speaker 13: and probably some of those they have the constitutional authority 594 00:35:40,880 --> 00:35:43,640 Speaker 13: to do, and some of them, you know, somebody may 595 00:35:43,680 --> 00:35:47,000 Speaker 13: push back on. But I do think that, you know, 596 00:35:47,320 --> 00:35:52,400 Speaker 13: working with Congress to try to create a scenario where 597 00:35:52,400 --> 00:35:56,359 Speaker 13: we have more housing, where it's more affordable, without the 598 00:35:56,400 --> 00:36:00,160 Speaker 13: government getting you know, entrenched in building housing or something 599 00:36:00,239 --> 00:36:05,280 Speaker 13: ridiculous like that. But things that remove the barriers certainly 600 00:36:05,360 --> 00:36:08,360 Speaker 13: make sense here. And you know, I'm sure some of 601 00:36:08,400 --> 00:36:11,960 Speaker 13: the ideas will be really great and others will probably 602 00:36:12,000 --> 00:36:13,520 Speaker 13: be pulling our hair out. 603 00:36:14,680 --> 00:36:17,880 Speaker 1: Okay, please God, don't let the government start building houses, 604 00:36:18,080 --> 00:36:22,320 Speaker 1: Carol A. A lot has been made about people, especially 605 00:36:22,360 --> 00:36:24,480 Speaker 1: young people, not being able to afford a house now 606 00:36:24,640 --> 00:36:26,719 Speaker 1: the way we used to be able to when we 607 00:36:26,719 --> 00:36:30,359 Speaker 1: were younger, and I understand all that. How much do 608 00:36:30,680 --> 00:36:35,040 Speaker 1: these large corporations like Blackrock buying up residential homes in 609 00:36:35,200 --> 00:36:37,800 Speaker 1: mass How much does that come into play and is 610 00:36:37,840 --> 00:36:40,120 Speaker 1: there something we can or should do about that? 611 00:36:41,640 --> 00:36:43,600 Speaker 13: So you know, in my book, you will own nothing. 612 00:36:43,640 --> 00:36:46,359 Speaker 13: This is something that I floated. We did not have 613 00:36:46,560 --> 00:36:51,800 Speaker 13: institutional ownership in the housing market. You're twelve or thirteen 614 00:36:51,880 --> 00:36:55,560 Speaker 13: years ago, and now it has become a very big 615 00:36:55,640 --> 00:36:59,839 Speaker 13: part of new housing purchases, something between twenty or twenty 616 00:36:59,840 --> 00:37:03,799 Speaker 13: five of new housing purchases. It doesn't mean that these 617 00:37:03,840 --> 00:37:07,120 Speaker 13: institutions own twenty to twenty five percent of the full 618 00:37:07,200 --> 00:37:11,680 Speaker 13: market because obviously, you know, you get you don't have 619 00:37:11,760 --> 00:37:14,600 Speaker 13: turnover of every house every year, and of that twenty 620 00:37:14,600 --> 00:37:17,040 Speaker 13: and twenty five percent, some of them may be corporate 621 00:37:17,239 --> 00:37:20,360 Speaker 13: entities that are smaller mom and pops. One thing I 622 00:37:20,400 --> 00:37:22,360 Speaker 13: do want to set the record straight on which I 623 00:37:22,360 --> 00:37:25,080 Speaker 13: think is really important as we talk about this, because 624 00:37:25,080 --> 00:37:29,200 Speaker 13: we don't want to have corporations you're coming in and renting. 625 00:37:29,239 --> 00:37:32,120 Speaker 13: You back the American dream. And I think that it 626 00:37:32,160 --> 00:37:34,560 Speaker 13: doesn't fall as much on the government as it falls 627 00:37:34,600 --> 00:37:37,800 Speaker 13: on individuals to not sell your house to big corporation. 628 00:37:38,440 --> 00:37:41,839 Speaker 13: But we have to learn the difference between black Rock 629 00:37:41,920 --> 00:37:47,160 Speaker 13: and Blackstone. So Blackstone is a private equity firm that 630 00:37:47,280 --> 00:37:51,240 Speaker 13: makes direct investments in companies those that is the firm 631 00:37:51,280 --> 00:37:55,239 Speaker 13: that goes in and buys up housing. Okay, black Rock 632 00:37:55,520 --> 00:37:58,520 Speaker 13: is an asset manager. They have lots of assets under 633 00:37:58,560 --> 00:38:01,319 Speaker 13: management because you go and you buy one of their 634 00:38:01,320 --> 00:38:04,760 Speaker 13: investing one of their ETFs, and then that's counted under 635 00:38:05,040 --> 00:38:08,600 Speaker 13: you know, their assets under management. But they may have, 636 00:38:09,000 --> 00:38:13,200 Speaker 13: through your investment and their ETF structure, some indirect ownership 637 00:38:13,239 --> 00:38:16,760 Speaker 13: in some of these companies that go out and purchase 638 00:38:17,040 --> 00:38:19,440 Speaker 13: houses and rent them back to people, but they are 639 00:38:19,480 --> 00:38:22,080 Speaker 13: not doing the direct buying. And I think a lot 640 00:38:22,120 --> 00:38:25,319 Speaker 13: of people get confused between the two because they sound 641 00:38:25,360 --> 00:38:27,520 Speaker 13: the same. They used to be related at one point 642 00:38:27,560 --> 00:38:30,319 Speaker 13: in time. But Blackstone is the one that's buying up 643 00:38:30,360 --> 00:38:34,160 Speaker 13: the houses, and Blackrock has all of your assets under management. 644 00:38:34,200 --> 00:38:37,839 Speaker 13: So we'll continue to hammer this home, and if nothing else, 645 00:38:37,880 --> 00:38:38,720 Speaker 13: you learn that today. 646 00:38:40,560 --> 00:38:43,919 Speaker 1: Blackstone also makes those wonderful flat top grills. I'm sure 647 00:38:43,920 --> 00:38:46,560 Speaker 1: it's a totally separate company that I'm making up right now, 648 00:38:46,680 --> 00:38:49,040 Speaker 1: but I have one of these Blackstones, and it's the 649 00:38:49,080 --> 00:38:51,440 Speaker 1: best thing to make breakfast on Carol. You can you 650 00:38:51,480 --> 00:38:54,919 Speaker 1: can put eggs and bacon and pancakes all of one thing. 651 00:38:56,440 --> 00:38:58,160 Speaker 6: Yeah, that's good stuff. 652 00:38:58,239 --> 00:39:03,319 Speaker 13: Yeah, Yeah, good up. Yeah, that's that's let's not let's 653 00:39:03,360 --> 00:39:05,960 Speaker 13: not solely their name. That is the good Blackstone. 654 00:39:06,160 --> 00:39:08,080 Speaker 6: They are not going out in their house. 655 00:39:08,120 --> 00:39:11,360 Speaker 13: They are making your home more delicious, which is different 656 00:39:11,520 --> 00:39:14,120 Speaker 13: than the private equity fun Blackstone. So just just so 657 00:39:14,160 --> 00:39:14,840 Speaker 13: that we don't get. 658 00:39:14,760 --> 00:39:17,640 Speaker 1: So true, yeah, so true. It even makes it easy 659 00:39:17,680 --> 00:39:19,880 Speaker 1: to toast the burger buttons because you put it anyway, 660 00:39:19,920 --> 00:39:22,440 Speaker 1: Let's stay focused. Scott Pissen said there may be a 661 00:39:22,520 --> 00:39:23,160 Speaker 1: rape cut here. 662 00:39:23,160 --> 00:39:27,759 Speaker 14: He was I believe that we're getting the signals from 663 00:39:27,840 --> 00:39:30,920 Speaker 14: Chair Powell from Market Pricing that we are going to 664 00:39:30,960 --> 00:39:34,480 Speaker 14: get a rake cut in September. I think we've seen 665 00:39:34,640 --> 00:39:40,760 Speaker 14: from Governor Waller he believes that could be a series 666 00:39:40,800 --> 00:39:43,759 Speaker 14: of rape cuts. We've seen that from Governor Bowman. That 667 00:39:43,920 --> 00:39:47,040 Speaker 14: looks like they are adopting a more and more dubbish 668 00:39:47,200 --> 00:39:52,160 Speaker 14: tone here. So it looks like we could start moving 669 00:39:52,840 --> 00:39:57,440 Speaker 14: We are in a highly restrictive monetary posture right now. 670 00:39:57,680 --> 00:39:59,840 Speaker 14: It looks like we could start moving away from that. 671 00:40:01,719 --> 00:40:05,320 Speaker 1: Okay, so I'm assuming that means they think inflation's under control. 672 00:40:06,920 --> 00:40:08,960 Speaker 13: Well, first of all, I think that sitting at that diner, 673 00:40:09,040 --> 00:40:11,480 Speaker 13: he was wishing that he had breakfast on a blackstone, 674 00:40:11,520 --> 00:40:13,399 Speaker 13: but he didn't, and so now we have to talk 675 00:40:13,400 --> 00:40:18,880 Speaker 13: about Ray cuts instead. So you know, inflation is not 676 00:40:19,080 --> 00:40:22,840 Speaker 13: under control. You know, based on the most recent data, 677 00:40:22,880 --> 00:40:25,919 Speaker 13: if we accept that data as correct, which we all 678 00:40:25,960 --> 00:40:30,600 Speaker 13: know is under counting inflation, it's still fifty percent higher 679 00:40:30,640 --> 00:40:33,920 Speaker 13: than their target of two percent, and two percent is 680 00:40:33,920 --> 00:40:37,279 Speaker 13: still eating up your money every year. So I don't 681 00:40:37,320 --> 00:40:39,960 Speaker 13: know that they feel like that it's that inflation is 682 00:40:40,040 --> 00:40:43,160 Speaker 13: under control. I think that the reality of the situation 683 00:40:43,440 --> 00:40:47,640 Speaker 13: is that FED policy is probably not going to influence 684 00:40:48,360 --> 00:40:51,920 Speaker 13: inflation at these late levels. Inflation will be influenced by 685 00:40:51,920 --> 00:40:55,200 Speaker 13: a whole host of other things, including the crazy deficits 686 00:40:55,239 --> 00:40:57,520 Speaker 13: that we continue to run in our national debt, but 687 00:40:57,680 --> 00:41:02,400 Speaker 13: not necessarily by a twenty five point policy cut. The 688 00:41:02,520 --> 00:41:05,719 Speaker 13: crazy thing, Jesse, is that you're hearing, oh, we're going 689 00:41:05,760 --> 00:41:06,520 Speaker 13: to get cuts. 690 00:41:06,760 --> 00:41:07,319 Speaker 6: You heard it. 691 00:41:07,280 --> 00:41:11,719 Speaker 13: From Powell basically, and Jackson Hole said that's what he 692 00:41:11,760 --> 00:41:14,520 Speaker 13: was thinking was going to happen. You're hearing it from Bessett, 693 00:41:14,560 --> 00:41:17,120 Speaker 13: you're hearing it from some of these FED governors. But 694 00:41:17,440 --> 00:41:19,799 Speaker 13: if you look at what the market is doing as 695 00:41:19,880 --> 00:41:24,080 Speaker 13: we're having this conversation, the rates that yields on the 696 00:41:24,160 --> 00:41:26,759 Speaker 13: long term treasuries the ten year, in the thirty year, 697 00:41:27,120 --> 00:41:29,759 Speaker 13: what are they doing in response to a potential rate cut. 698 00:41:29,840 --> 00:41:32,680 Speaker 13: They are going in the opposite direction. So that does 699 00:41:32,800 --> 00:41:36,799 Speaker 13: mean that the market believes that they're going to be 700 00:41:37,080 --> 00:41:41,239 Speaker 13: inflationary pressures and other things coming down the pike. Otherwise 701 00:41:41,280 --> 00:41:44,279 Speaker 13: you would see it moving in lockstep with what the 702 00:41:44,360 --> 00:41:47,000 Speaker 13: expected outcome is going to have. So while the Fed 703 00:41:47,040 --> 00:41:51,200 Speaker 13: can influence short term rates, those longer term rates which 704 00:41:51,239 --> 00:41:54,520 Speaker 13: impact longer term financing for the US government, that is 705 00:41:54,520 --> 00:41:56,879 Speaker 13: set by the market, and the Mark is saying, yeah, 706 00:41:56,920 --> 00:41:59,000 Speaker 13: we don't believe so. And by the way, Gold saying 707 00:41:59,040 --> 00:42:07,160 Speaker 13: the same thing too. On the tear again today. 708 00:42:05,400 --> 00:42:07,280 Speaker 1: All right, Carol, before I let you go real quick, 709 00:42:07,719 --> 00:42:10,200 Speaker 1: are tariffs helping pay down the national debt? I keep 710 00:42:10,280 --> 00:42:11,040 Speaker 1: seeing this claim. 711 00:42:12,960 --> 00:42:17,480 Speaker 13: Well, insomuch as that a tariff is a tax, and 712 00:42:17,560 --> 00:42:22,040 Speaker 13: that they have collected more in taxes from US taxpayers, 713 00:42:22,440 --> 00:42:27,480 Speaker 13: from corporations, you know, they can put that money towards 714 00:42:27,800 --> 00:42:30,759 Speaker 13: reducing the deficit. It's certainly not paying down the debt 715 00:42:30,800 --> 00:42:33,399 Speaker 13: because we still are running a massive, you know, close 716 00:42:33,440 --> 00:42:36,879 Speaker 13: to two trillion dollar deficits. So until that deficit goes 717 00:42:36,920 --> 00:42:40,600 Speaker 13: to zero, we're still racking up additional dollars of debt. 718 00:42:40,760 --> 00:42:43,839 Speaker 13: That's the only way that we finance our deficits. So 719 00:42:44,480 --> 00:42:48,560 Speaker 13: the challenge comes that because this money is primarily coming 720 00:42:48,640 --> 00:42:53,399 Speaker 13: out of consumers and businesses pockets, that eventually that's less 721 00:42:53,440 --> 00:42:55,759 Speaker 13: money for the consumers to be able to spend on 722 00:42:55,880 --> 00:43:00,600 Speaker 13: other things in the economy. Same thing with corporation. It 723 00:43:00,640 --> 00:43:03,040 Speaker 13: creates an impact on the taxes that they're going to 724 00:43:03,080 --> 00:43:06,239 Speaker 13: pay elsewhere. So the question is, you know, do we 725 00:43:06,320 --> 00:43:09,000 Speaker 13: get any sort of a bump or over you know, 726 00:43:09,120 --> 00:43:10,800 Speaker 13: when we look at this over a period a year 727 00:43:11,000 --> 00:43:12,719 Speaker 13: or a year and a half, you know, does it 728 00:43:12,760 --> 00:43:15,640 Speaker 13: actually create a drag on the amount of revenue that 729 00:43:15,680 --> 00:43:19,120 Speaker 13: they're otherwise able to collect and net will either come 730 00:43:19,120 --> 00:43:22,320 Speaker 13: out in the same position or a worse position, because 731 00:43:22,360 --> 00:43:26,640 Speaker 13: it's just taxes moving from one pocket to another pocket, 732 00:43:26,920 --> 00:43:30,200 Speaker 13: not really creating a new source of growth which is 733 00:43:30,280 --> 00:43:35,680 Speaker 13: driving you know, incremental revenue so to speak. 734 00:43:36,800 --> 00:43:42,240 Speaker 1: Thank you, Carol, come back. We have light in the mood. Next. 735 00:43:50,960 --> 00:43:53,719 Speaker 1: All right, it's time to lighten the mood, and we 736 00:43:53,840 --> 00:43:56,680 Speaker 1: have a couple of congressional retirements that lighten my mood. 737 00:43:57,160 --> 00:43:59,000 Speaker 1: Jerry Nadler has been a piece of crap for a 738 00:43:59,080 --> 00:44:02,120 Speaker 1: very long time in the House of Representatives. But he's 739 00:44:02,160 --> 00:44:04,520 Speaker 1: been more than a piece of crap. He's a piece 740 00:44:04,520 --> 00:44:07,239 Speaker 1: of crap who announced his retirement, but he's more than 741 00:44:07,239 --> 00:44:10,279 Speaker 1: that too. He's a piece of crap who announces his 742 00:44:10,400 --> 00:44:13,680 Speaker 1: retirement while also carrying crap around in his pants. 743 00:44:14,920 --> 00:44:21,799 Speaker 2: This subject not part of this package of preserving our democracy. Glad, 744 00:44:21,840 --> 00:44:22,480 Speaker 2: I'm pleased to you. 745 00:44:25,360 --> 00:44:26,719 Speaker 1: We may or may not have had it. The sound 746 00:44:26,760 --> 00:44:29,319 Speaker 1: effects still one of the funniest things I've ever seen 747 00:44:29,360 --> 00:44:32,880 Speaker 1: in my life that couldn't possibly happen to a nicer guy. Also, 748 00:44:33,239 --> 00:44:37,759 Speaker 1: Jony Ernst, Republican Senator completely useless of Iowa, announced she 749 00:44:37,840 --> 00:44:41,000 Speaker 1: also won't be seeking re election. She has done the 750 00:44:41,040 --> 00:44:44,760 Speaker 1: best she can to rebrand herself as some America First warrior. 751 00:44:45,000 --> 00:44:47,960 Speaker 1: But let us not forget that Joni Ernst was by 752 00:44:48,040 --> 00:44:51,359 Speaker 1: far the loudest voice in the United States Senate trying 753 00:44:51,360 --> 00:44:55,520 Speaker 1: to torpedo Donald Trump's Secretary of Defense nominee Pete Hegseeth 754 00:44:55,800 --> 00:44:58,800 Speaker 1: before he even got rolling. I know she's done everything 755 00:44:58,880 --> 00:45:02,480 Speaker 1: possible to bend over backwards, to lie about that fact 756 00:45:02,560 --> 00:45:05,680 Speaker 1: now and to act as if she's on our side. 757 00:45:06,080 --> 00:45:09,919 Speaker 1: But one more useless senator gone. Let's hope Iowa gets 758 00:45:09,960 --> 00:45:12,480 Speaker 1: its stuff together and gives us a decent one. The 759 00:45:12,520 --> 00:45:16,279 Speaker 1: next time my mood is lightened, I'll see them all