WEBVTT - Is It A Bit Of A Urinating Contest?

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<v Speaker 1>Broadcasting live from the Abraham Lincoln Radio Studio, the George

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<v Speaker 1>Washington Broadcast Center. Jack Armstrong and Joe Kaddy Armstrong and

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<v Speaker 1>Jackie and Pee Arms get it.

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<v Speaker 2>As he wrote in my favorite newsletter this morning, maybe

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<v Speaker 2>it was all a dreams.

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<v Speaker 1>Oh it's only that's funny. Live from Studio C Season.

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<v Speaker 2>You're a dimly lit room deep it from the bowels

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<v Speaker 2>of the Armstrong and Getty Communications Compound.

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<v Speaker 1>Hey y'all today Thursday? Is that right? Yeah?

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<v Speaker 2>Thursday, little Friday. We're under the tuteler of our general manager.

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<v Speaker 2>The pause, Yeah, the pause that refreshes. And since we

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<v Speaker 2>since we got up this morning, Europe has announced their

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<v Speaker 2>ninety day pause. So everybody's pausing except for with China,

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<v Speaker 2>which is what I think a lot of it has

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<v Speaker 2>been saying for a cottle. While the China thing I get.

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<v Speaker 2>Let's let's let's figure out how we're gonna decouple from China.

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<v Speaker 2>They're an s sworn enemy of this country.

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<v Speaker 3>Indeed, and we're intertwined with them in a way that

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<v Speaker 3>is utterly unsustainable.

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<v Speaker 1>So is Donald J. Behaving purely strategically.

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<v Speaker 3>With the China tariffs or is it a bit of

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<v Speaker 3>a urinating contest between him and Hijion Ping or half

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<v Speaker 3>and half hard to say.

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<v Speaker 1>I don't know.

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<v Speaker 2>Yeah, I watched The News Nation for the first time

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<v Speaker 2>this morning, first time I've tuned that in, even though

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<v Speaker 2>our boss Bill has been telling me for a very

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<v Speaker 2>long time, you should check out News Nation. Way it's

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<v Speaker 2>way closer to what your show is than anything else.

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<v Speaker 2>And I would say, is right. I noticed no obvious

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<v Speaker 2>how do we make this story worse for Trump? Or

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<v Speaker 2>how do we make this story better for Trump? Which

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<v Speaker 2>you do get from Fox or MSNBC, But so I

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<v Speaker 2>didn't notice that on News Nation. But anyway, I have

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<v Speaker 2>to add them.

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<v Speaker 1>To my rotation.

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<v Speaker 2>Yeah, yeah, I got a lot of really good interesting

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<v Speaker 2>information out of it. But great, I do think it's

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<v Speaker 2>interesting the the Trump Hateen world. For weeks now, it

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<v Speaker 2>has been how he's just so stubborn and ideological, and

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<v Speaker 2>he's been saying the same thing from the eighties, and

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<v Speaker 2>he would he will not accept reality and blah blah

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<v Speaker 2>blah blah blah. And then when he you know, uh,

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<v Speaker 2>gets to a point of like this is just doing

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<v Speaker 2>too much damage. I got to pull the plug. Then

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<v Speaker 2>it's he said he'd do this and now he's backing off. Well,

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<v Speaker 2>you just were criticizing him for being unwilling to back off,

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<v Speaker 2>and now you're criticizing for backing off. And I just

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<v Speaker 2>I don't quite understand. Now you couldn't you pass Trump

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<v Speaker 2>no matter what happens. What's there to understand? Well, you could, obviously,

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<v Speaker 2>you could make the comment that it was somewhat predictable

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<v Speaker 2>that the markets would go crazy, and since that was true,

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<v Speaker 2>you wouldn't You didn't need to do this in the

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<v Speaker 2>first place.

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<v Speaker 1>But that being said, I don't understand the it's one

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<v Speaker 1>or the other. You know you can't. It is kind

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<v Speaker 1>of funny.

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<v Speaker 3>It's the proverbial kicking your dog when he finally comes

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<v Speaker 3>to you. Right, Well, Jack, speaking of the whole tariffs

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<v Speaker 3>and the upheaval and the paws and the rest of it,

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<v Speaker 3>and this is exciting. Folks are going to be canceling appointments,

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<v Speaker 3>keeping their kids home from school during the show. Today,

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<v Speaker 3>we're going to explain the bond marketing to you. I

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<v Speaker 3>might be in the bath day with us. That might

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<v Speaker 3>be when I take my bathroom break the bond Everything

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<v Speaker 3>turns on the bond market.

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<v Speaker 1>That's quite possibly true, And in fact, if you won't

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<v Speaker 1>know it. You'll be adding in the bathroom.

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<v Speaker 2>I've made it this far in my life without knowing

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<v Speaker 2>anything about it, so if I can make it till

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<v Speaker 2>dead without knowing anything about it, then I'll be all right.

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<v Speaker 2>It's not like you're living under a bridge. Well, obviously,

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<v Speaker 2>I was thinking about the last however many days it's been,

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<v Speaker 2>and partially and I didn't ask my financial guy. He

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<v Speaker 2>sent me an email. I imagine he sent everybody emails

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<v Speaker 2>because everybody was freaking out there for a couple of days.

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<v Speaker 2>But I didn't change a dollar of my life based

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<v Speaker 2>on anything in the last week.

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<v Speaker 1>So no, really, no harm, no foul. I don't know.

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<v Speaker 3>I was kind of kicking myself because I didn't have

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<v Speaker 3>any real money in my little playing around investment account

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<v Speaker 3>because this was the classic dip to buy.

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<v Speaker 2>Yeah, but you didn't know it was going to come

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<v Speaker 2>back late. They could have been no, but I knew

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<v Speaker 2>it would come back eventually. He yeah, but he could

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<v Speaker 2>have held strong for nine months or who knew. Yeah,

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<v Speaker 2>That's why I think it's important to have, hey, just

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<v Speaker 2>you know, a play around. If this bet doesn't turn

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<v Speaker 2>out and for two years you got no money and

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<v Speaker 2>that's fine.

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<v Speaker 1>So well that one of the problems with this that.

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<v Speaker 3>Would have bet my my net worth on it, I

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<v Speaker 3>hear said, I wouldn't bet my house payment on it.

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<v Speaker 3>One of the problems with this whole thing is just,

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<v Speaker 3>you know, one guy, and this has been discussed a lot,

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<v Speaker 3>one guy having the ability to do this either direction.

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<v Speaker 3>And so, according to the Wall Street Journal, he tapped

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<v Speaker 3>out his post, his truth social post in the Oval

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<v Speaker 3>office at the desk with the Treasury Secretary sitting there

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<v Speaker 3>and the Commerce Secretary sitting there. Now, unfortunately this came

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<v Speaker 3>out like five minutes after we said goodbye, everybody, see

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<v Speaker 3>you tomorrow. I wish it would have happen while we

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<v Speaker 3>were on the air, because the markets reacted instantly, and

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<v Speaker 3>it was the biggest rise in the Nasdaq as a

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<v Speaker 3>percentage since the dot com bust, which is what late

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<v Speaker 3>nineties I mean that is that is amazing year two

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<v Speaker 3>thousand whatever it was. Yeah, we've had some you know,

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<v Speaker 3>pretty major ups and downs nine to eleven, the financial crash,

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<v Speaker 3>lots of different things and that amount of time.

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<v Speaker 1>So it was a big deal. I wish it would

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<v Speaker 1>have happened while we were on the air. But so

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<v Speaker 1>he taps out his little truth social it says, that's it.

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<v Speaker 1>People are getting the yips.

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<v Speaker 2>I'm gonna pause nine days stock market skyrocks. Obviously if

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<v Speaker 2>you had had that information that I'm I don't think

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<v Speaker 2>this is true, skinny neck?

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<v Speaker 1>What's his almost used a bad word? Go ahead, do it,

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<v Speaker 1>Adam Schiff.

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<v Speaker 2>Adam Schiff, I can't believe he's my US Senator Adam Schiff.

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<v Speaker 2>Show he wants in an immediate investigation for insider trading.

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<v Speaker 2>I don't think that's what Trump was up to, but it.

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<v Speaker 1>Sure would be easy.

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<v Speaker 2>It sure would have been easy to tell anybody, Hey, tomorrow, tomorrow,

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<v Speaker 2>tomorrow morning, about ten, I'm gonna pull the plug on

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<v Speaker 2>this thing.

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<v Speaker 1>So I mean, Chris, call.

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<v Speaker 3>Him up and say bye and hang up by the nip. Yeah,

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<v Speaker 3>no too much, No, don't blow the horn, just say by.

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<v Speaker 1>A much more spy moves, don't be shut by.

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<v Speaker 2>The shot, shoot a confetti cannon out to the top

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<v Speaker 2>of the White House and say I don't know what

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<v Speaker 2>that was.

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<v Speaker 1>Oh no, sh not subtle laugh.

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<v Speaker 2>But you gotta admit, with one guy making that decision

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<v Speaker 2>to make the stock market go up the most in

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<v Speaker 2>thirty years, I mean that a ton of money could

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<v Speaker 2>have been made if you knew at all what was

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<v Speaker 2>going gonna happen.

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<v Speaker 1>Sorry, I am so sorry. I got to take this call. Hello.

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<v Speaker 3>Uh huh really, uh huh okay, thanks by That was

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<v Speaker 3>Nancy Pelosi. She said she's been doing this for fifty years.

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<v Speaker 2>I think they all do it all the time, but man,

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<v Speaker 2>not on this grand scale. I mean, this was the

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<v Speaker 2>all time five hundred pound gorilla of this sort of thing.

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<v Speaker 2>If anybody has tipped off, and I don't think they were,

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<v Speaker 2>but uh yeah, it's uh, it's it's something they are

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<v Speaker 2>our secrety. Keep to yourself, you know, a whole bunch

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<v Speaker 2>of rich guys with a lot of stock. By the way,

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<v Speaker 2>I ain't saying nothing, ain't something, just uh just a

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<v Speaker 2>little hint, uh Wednesday morning. I ain't say any else.

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<v Speaker 1>No horn, no horn, shit the horns of it.

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<v Speaker 3>So if you're a fan of power and influence and

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<v Speaker 3>who's got what sway in any White house, I think

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<v Speaker 3>it's it's super interesting that Scott has sent the Treasury

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<v Speaker 3>guy is clearly the voice that Trump is listening to

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<v Speaker 3>through the tumult less than a couple of other folks.

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<v Speaker 3>He is kind of the voice of let's not do

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<v Speaker 3>too much damage, common sense down to earth, and he's

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<v Speaker 3>willing to speak truth to Trump and then spin the

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<v Speaker 3>hell out of it on the South of Honor wherever

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<v Speaker 3>you're speaking yesterday. But he definitely has huge influence. And

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<v Speaker 3>I feel the need to point out because you will

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<v Speaker 3>never ever hear this pointed out in mainstream media.

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<v Speaker 1>He happens to be a gay fella.

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<v Speaker 3>You know, we Conservatives and Republicans with our hatred and

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<v Speaker 3>abuse of anybody who's gay. No, no, we just liked

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<v Speaker 3>the most competent person for the job in the job.

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<v Speaker 1>Perry, the Secretary of the Treasury, lays down with other men.

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<v Speaker 3>Oh, there's no need to put too fine a point

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<v Speaker 3>on it. We all know what that expression means.

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<v Speaker 1>Good lord, all right, No, I didn't know that. And

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<v Speaker 1>who cares? Who cares? Uh? Yeah?

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<v Speaker 2>Mark Halpern and his newsletter today, say said one the

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<v Speaker 2>powerbroker in that whole thing was Scott Bessen. Yeah, the

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<v Speaker 2>Treasury secretary. So let's start the show officially. I'm Jack Armstrong.

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<v Speaker 2>He's Joe Getty on this. It is Thursday, April tenth.

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<v Speaker 2>Hear twenty twenty five for Armstrong. You getting and we

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<v Speaker 2>approve of this program.

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<v Speaker 3>Uh yeah, boy, the Master's kicks off today. Here we go,

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<v Speaker 3>let's begin the show officially according to the FCC rules

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<v Speaker 3>and REGs at Mark.

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<v Speaker 4>Well, I thought that people were jumping a little bit

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<v Speaker 4>out of line. They were getting yippie, you know, they

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<v Speaker 4>were getting a little bit yippy, a little bit afraid,

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<v Speaker 4>unlike these champions, because we have a big job to do.

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<v Speaker 1>No other president would have done to what I did.

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<v Speaker 4>No other president I know the president, they wouldn't have

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<v Speaker 4>done it, and it had to be done.

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<v Speaker 1>Except perhaps the late great Abrahamlets.

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<v Speaker 2>As usual, it was hilarious that his people came out

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<v Speaker 2>and said this was the plan all along. Then Trump

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<v Speaker 2>comes out and says, now, I'm watching TV last night

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<v Speaker 2>and I think the bond market was going crazy.

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<v Speaker 1>So I pulled the plug. Were getting yip? Why did you?

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<v Speaker 2>Why did you make me go out and say it

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<v Speaker 2>was the plan all along? Or they thought that's what

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<v Speaker 2>they should do. One of the great risks is speaking

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<v Speaker 2>for Trump. From the first moment of term number one

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<v Speaker 2>till today, I thought the plan was oh never mind.

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<v Speaker 1>Maybe it was all a dream.

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<v Speaker 2>We were talking of yesterday about how it could he

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<v Speaker 2>could pull the plug at any moment, and then we'll

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<v Speaker 2>look back, you know, on it in six months and thinks, oh, yeah,

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<v Speaker 2>I remember that happened.

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<v Speaker 1>It might end that whole tariff thing might be like that. Yeah.

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<v Speaker 3>Although the China, again, as we've been saying from the

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<v Speaker 3>very beginfference story, China is an entirely different subject.

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<v Speaker 2>I would say an on News Nation this morning that

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<v Speaker 2>I was watching, they did a feature on this new

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<v Speaker 2>nuclear weapon we've got. That's more about our ability to

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<v Speaker 2>deliver it, but it's mostly about keeping up with China specifically,

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<v Speaker 2>and also Russia in their aggressive increasing the strength of

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<v Speaker 2>their nuclear arsenal.

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<v Speaker 1>So they're calling it a new nuclear arms race.

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<v Speaker 2>Oh boy, now that's some serious stuff. We got Katie's

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<v Speaker 2>headlines on the way and more news of the day.

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<v Speaker 2>I hope you can stick around. Text line is four

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<v Speaker 2>one five two nine five Kftcarrong a new image out

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<v Speaker 2>of what our closest monkey an sister looked like, and

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<v Speaker 2>it's very human.

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<v Speaker 1>I'll talk about that letter to love evolution stuff.

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<v Speaker 2>Also speaking of images, based on our One More Thing

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<v Speaker 2>podcast yesterday, Katie sent me you must have How did

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<v Speaker 2>you get him to me so fast?

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<v Speaker 1>Like within an hour? Amazon.

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<v Speaker 2>I got in the mail some chicken leg socks and

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<v Speaker 2>I took pictures of him on my life les and

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<v Speaker 2>posted it at Twitter. This is an attempt to drive

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<v Speaker 2>up our Twitter numbers or drive them down. Maybe more

0:12:04.520 --> 0:12:07.760
<v Speaker 2>people left. Yeah, then we are serious. Yes, and somebody

0:12:07.800 --> 0:12:10.520
<v Speaker 2>said you have rickets, dude, get some vitamins.

0:12:11.200 --> 0:12:15.040
<v Speaker 1>Wow. Yeah, mix in an orange or two. Huh. Anyway,

0:12:15.080 --> 0:12:17.760
<v Speaker 1>more on that later. Let's figure out who's reporting what.

0:12:17.840 --> 0:12:20.600
<v Speaker 1>It's the lead story with Katie Green Katie Well.

0:12:20.679 --> 0:12:24.679
<v Speaker 5>Starting with CNN, Inflation drops to two point four percent,

0:12:25.160 --> 0:12:27.679
<v Speaker 5>lower than expectations.

0:12:26.880 --> 0:12:31.000
<v Speaker 1>Of two point five percent. There you go, good inflation news.

0:12:31.080 --> 0:12:34.840
<v Speaker 1>The day after the stark market has a giant rise. Huh,

0:12:34.920 --> 0:12:37.400
<v Speaker 1>we're back. Everything's coming up, Trump, I'm back.

0:12:37.520 --> 0:12:44.200
<v Speaker 5>Maybe from Fox News, Doge reveals bizarre findings of unemployment

0:12:44.400 --> 0:12:45.679
<v Speaker 5>insurance claims.

0:12:46.400 --> 0:12:51.560
<v Speaker 1>Quote this is crazy. I'm sure. Oh, I have no doubt.

0:12:51.960 --> 0:12:56.800
<v Speaker 3>Any system that involves government payouts is got billions and

0:12:56.800 --> 0:13:00.760
<v Speaker 3>billions and billions of dollars. With the old WAA Waste

0:13:00.760 --> 0:13:02.800
<v Speaker 3>Fraud and Abuse Guarantee.

0:13:02.720 --> 0:13:06.760
<v Speaker 5>Nine point seven thousand people with birth rates are birth

0:13:06.880 --> 0:13:09.439
<v Speaker 5>dates over fifteen years.

0:13:09.040 --> 0:13:13.160
<v Speaker 1>In the future. That's sixty nine million dollars. Wow.

0:13:14.280 --> 0:13:19.520
<v Speaker 5>From the AP freed Israeli hostages, thank Trump for efforts

0:13:19.559 --> 0:13:21.960
<v Speaker 5>to get the Hamas hostages released.

0:13:23.280 --> 0:13:26.240
<v Speaker 2>Oh I got it, well, Russia, I got a little tidbit.

0:13:26.280 --> 0:13:29.080
<v Speaker 2>Maybe after your headlines we have time on eight three

0:13:29.080 --> 0:13:33.480
<v Speaker 2>dimensional chess theory around Doge stay tune.

0:13:35.360 --> 0:13:39.600
<v Speaker 5>From the Daily Mail update after brave female fencer took

0:13:39.600 --> 0:13:43.400
<v Speaker 5>me and refused to fight against transgender rival, she has

0:13:43.559 --> 0:13:45.360
<v Speaker 5>left her team completely.

0:13:48.520 --> 0:13:50.160
<v Speaker 3>I want to know that woman's name. I want to

0:13:50.200 --> 0:13:51.960
<v Speaker 3>know it like I know Riley Gaines. I think she

0:13:52.000 --> 0:13:54.520
<v Speaker 3>should be hailed as the hero that she is.

0:13:56.480 --> 0:14:01.200
<v Speaker 5>From CNBC The Rise of AI generated prof By twenty

0:14:01.280 --> 0:14:05.640
<v Speaker 5>twenty eight, globally, one in four job candidates will be fake.

0:14:07.160 --> 0:14:08.319
<v Speaker 1>What's the benefit of that.

0:14:08.920 --> 0:14:11.120
<v Speaker 5>They're just saying that these job seekers are using AI

0:14:11.200 --> 0:14:14.720
<v Speaker 5>tools to make fake identities, fake IDs, make resumes and

0:14:14.920 --> 0:14:15.880
<v Speaker 5>lying about.

0:14:15.559 --> 0:14:18.160
<v Speaker 2>Their You can't actually come in work, though, So what's

0:14:18.440 --> 0:14:19.680
<v Speaker 2>what are you foltimate goal?

0:14:20.000 --> 0:14:22.280
<v Speaker 5>They're doing this for remote hiring jobs.

0:14:22.720 --> 0:14:26.160
<v Speaker 3>Oh yeah, a lot of engineering tech jobs are remote hiring,

0:14:26.200 --> 0:14:28.600
<v Speaker 3>and these guys have figured out I can hold three

0:14:28.800 --> 0:14:32.080
<v Speaker 3>jobs and do the minimum work for each of them

0:14:32.160 --> 0:14:33.400
<v Speaker 3>and get a triple salary.

0:14:33.840 --> 0:14:35.520
<v Speaker 1>I wish I was smart enough to do it. I'd

0:14:35.520 --> 0:14:39.480
<v Speaker 1>do it today. Rarely hold one job from the La Times.

0:14:40.120 --> 0:14:45.280
<v Speaker 5>Wife of Weezer bassist is shot by LAPD during a

0:14:45.360 --> 0:14:48.640
<v Speaker 5>hit and run manhunt and accused of attempted murder.

0:14:48.720 --> 0:14:50.720
<v Speaker 1>I watched this yesterday's nut.

0:14:51.000 --> 0:14:56.440
<v Speaker 3>What a crazy story. Oh yeah, I need to know more.

0:14:56.480 --> 0:14:58.520
<v Speaker 3>I'm flabbergasted. There's a lots around them.

0:14:58.760 --> 0:15:02.000
<v Speaker 5>The LAPD was in per suit of a totally unrelated

0:15:02.040 --> 0:15:04.840
<v Speaker 5>incident for a hit and run, and they drove by

0:15:04.880 --> 0:15:07.880
<v Speaker 5>the house and the wife of the Weezer bassist was

0:15:07.920 --> 0:15:10.640
<v Speaker 5>out there waving a handgun at the cops, and so

0:15:10.800 --> 0:15:13.480
<v Speaker 5>they had to handle her and they ended up shooting

0:15:13.520 --> 0:15:15.280
<v Speaker 5>her on the shoulder. And now she's being charged with

0:15:15.320 --> 0:15:16.160
<v Speaker 5>the tempted murder.

0:15:17.440 --> 0:15:17.720
<v Speaker 1>Wow.

0:15:18.080 --> 0:15:20.440
<v Speaker 2>She she would not put down the gun, then pointed

0:15:20.440 --> 0:15:24.360
<v Speaker 2>at the cops. They shot her, and then amazingly she's alive.

0:15:24.600 --> 0:15:27.880
<v Speaker 1>And that's a.

0:15:27.840 --> 0:15:30.240
<v Speaker 2>Little what are they What are you trying to do

0:15:30.280 --> 0:15:32.640
<v Speaker 2>when when someone's pointing a gun at you, I would

0:15:32.640 --> 0:15:34.840
<v Speaker 2>think your goal is to take them out, take them out.

0:15:34.840 --> 0:15:36.720
<v Speaker 2>And there was a bunch of cops there. She's like,

0:15:37.040 --> 0:15:38.360
<v Speaker 2>I'm wounded, but I'm fine.

0:15:38.720 --> 0:15:42.400
<v Speaker 3>Yeah, often, yeah, the result is quit an impressive number

0:15:42.440 --> 0:15:45.400
<v Speaker 3>of bullet woes. Yeah, I expect more from the wife

0:15:45.480 --> 0:15:46.720
<v Speaker 3>of the bassist of Weezer.

0:15:48.920 --> 0:15:53.600
<v Speaker 5>From the New York Post, Australian surgeon fined ten thousand

0:15:53.600 --> 0:15:58.240
<v Speaker 5>dollars for sharing a picture of a coma patients swastika

0:15:58.280 --> 0:16:00.200
<v Speaker 5>tattooed Pennis.

0:16:00.200 --> 0:16:02.960
<v Speaker 2>Oh wow, I can see how it'd be hard to

0:16:02.960 --> 0:16:04.280
<v Speaker 2>not share that with the buddies.

0:16:04.600 --> 0:16:07.120
<v Speaker 3>Speaking of stories with a lot going on, look at this,

0:16:07.440 --> 0:16:08.040
<v Speaker 3>how would.

0:16:07.840 --> 0:16:12.360
<v Speaker 1>You not share that? Nazi Germany? From The Free Beacon.

0:16:13.040 --> 0:16:17.960
<v Speaker 5>Members of Congress agree Jerry Nadler is the capital's worst

0:16:18.040 --> 0:16:18.880
<v Speaker 5>smelling man.

0:16:19.120 --> 0:16:23.600
<v Speaker 1>What, Yes, I have that story? Really a story? Yes,

0:16:23.680 --> 0:16:27.880
<v Speaker 1>an aggressive scent, it's a real story. Yes. Yeah.

0:16:28.160 --> 0:16:31.600
<v Speaker 3>He is the big old weavil of a fat progressive

0:16:31.600 --> 0:16:35.440
<v Speaker 3>who's known first fill in his drawers, Jack, disgusting me this.

0:16:36.680 --> 0:16:41.240
<v Speaker 5>And finally, the Babylon Bee analysts clarify that Trump is

0:16:41.440 --> 0:16:44.360
<v Speaker 5>only responsible for the stock market.

0:16:44.160 --> 0:16:45.000
<v Speaker 1>When it goes down.

0:16:45.400 --> 0:16:49.480
<v Speaker 5>Yeah, exactly, And Joe just de side note that that

0:16:49.520 --> 0:16:51.800
<v Speaker 5>defencer's name is Stephanie Turner.

0:16:52.320 --> 0:16:55.880
<v Speaker 3>Stephanie Turner, God bless you dear for your courage.

0:16:56.760 --> 0:17:04.680
<v Speaker 2>Yeah, the you remember Lucy, one of the oldest skeletons

0:17:04.720 --> 0:17:07.399
<v Speaker 2>of like a human that have ever. They've got a

0:17:07.440 --> 0:17:10.120
<v Speaker 2>new computer mock up of what it looked.

0:17:09.880 --> 0:17:11.920
<v Speaker 1>Like, and it is. It's pretty interesting to see you.

0:17:11.960 --> 0:17:14.320
<v Speaker 1>I'll talk about that later. Love that story. Did did

0:17:14.440 --> 0:17:15.880
<v Speaker 1>Lucy go with Nathan? Pronouns?

0:17:17.160 --> 0:17:19.959
<v Speaker 2>Well, since I don't know, I'm not going to assign

0:17:20.040 --> 0:17:21.720
<v Speaker 2>a gender, don't misgender.

0:17:21.760 --> 0:17:23.040
<v Speaker 1>The monkey guard strong, and.

0:17:24.320 --> 0:17:27.480
<v Speaker 6>The President announces he's putting a ninety day pause on

0:17:27.560 --> 0:17:30.440
<v Speaker 6>most of his terrafs after Wall Street lost nearly six

0:17:30.520 --> 0:17:33.639
<v Speaker 6>trillion dollars in one week. There is one exception. He

0:17:33.760 --> 0:17:37.600
<v Speaker 6>is upping the ante on China. Is there any strategy here?

0:17:38.160 --> 0:17:40.560
<v Speaker 6>Is this any way to run a global economy?

0:17:40.960 --> 0:17:41.160
<v Speaker 1>Well?

0:17:41.200 --> 0:17:45.040
<v Speaker 4>I thought that people were jumping a little bit out

0:17:45.080 --> 0:17:47.840
<v Speaker 4>of line. They were getting yippie, you know, they were

0:17:47.880 --> 0:17:50.960
<v Speaker 4>getting a little bit yippy, a little bit afraid, unlike

0:17:51.000 --> 0:17:53.960
<v Speaker 4>these champions, because we have a big job to do.

0:17:54.080 --> 0:17:56.119
<v Speaker 4>No other president would have done what I did. No

0:17:56.160 --> 0:17:58.400
<v Speaker 4>other president I know the presidents, they wouldn't.

0:17:58.040 --> 0:18:01.760
<v Speaker 1>Have done it. And it had to be done. Did

0:18:01.800 --> 0:18:03.920
<v Speaker 1>it have to be done? I don't know. You could

0:18:03.960 --> 0:18:06.080
<v Speaker 1>have slept through this whole thing. I'm not sure it would.

0:18:05.840 --> 0:18:10.280
<v Speaker 2>Have changed your life any at this point if you

0:18:10.320 --> 0:18:14.400
<v Speaker 2>had ignored it. Rich Lowry of National Review tweeted out yesterday,

0:18:14.440 --> 0:18:17.120
<v Speaker 2>you know, the easier way to enter into trade negotiations

0:18:17.160 --> 0:18:19.680
<v Speaker 2>with our major allies and tariff China would have been

0:18:19.680 --> 0:18:23.280
<v Speaker 2>to enter into trade negotiations with our major allies in

0:18:23.320 --> 0:18:28.439
<v Speaker 2>tariff China. Maybe he feels he got some leverage out

0:18:28.480 --> 0:18:29.000
<v Speaker 2>of this or not.

0:18:29.119 --> 0:18:31.440
<v Speaker 1>I don't know. Others will decide that.

0:18:31.720 --> 0:18:35.240
<v Speaker 3>Well, And the probably unanswerable question continues, although I suppose

0:18:35.280 --> 0:18:37.439
<v Speaker 3>the books will come out to the extent that you

0:18:37.440 --> 0:18:40.080
<v Speaker 3>trust them someday. But the question continues to be does

0:18:40.119 --> 0:18:45.679
<v Speaker 3>Trump have a strategy? Is this a coherent set of

0:18:46.000 --> 0:18:50.040
<v Speaker 3>maneuvers or is he just going moment to moment trust

0:18:50.040 --> 0:18:52.240
<v Speaker 3>in his guts and then reverses.

0:18:51.880 --> 0:18:53.600
<v Speaker 1>Field willingly that one.

0:18:54.440 --> 0:18:57.520
<v Speaker 2>Oh okay, I think, But I mean it's worked for

0:18:57.600 --> 0:19:00.879
<v Speaker 2>him his whole life, So I can understand why. You know,

0:19:01.000 --> 0:19:04.359
<v Speaker 2>if you're a successful financial person and her headed number

0:19:04.359 --> 0:19:07.480
<v Speaker 2>one TV show, you're a billionaire and you elected president

0:19:08.040 --> 0:19:12.040
<v Speaker 2>twice nearly three times, Yeah, I can see how you

0:19:12.119 --> 0:19:12.680
<v Speaker 2>trust your gun.

0:19:13.400 --> 0:19:14.280
<v Speaker 1>Yeah I would too.

0:19:14.320 --> 0:19:17.040
<v Speaker 3>It's not completely you know, out of left field. On

0:19:17.080 --> 0:19:19.399
<v Speaker 3>the other hand, pride goeth before the fall and almost

0:19:19.600 --> 0:19:25.800
<v Speaker 3>has so anyway, So is it all's well that ends well?

0:19:25.840 --> 0:19:26.440
<v Speaker 3>Is it no harm?

0:19:26.520 --> 0:19:29.120
<v Speaker 1>No foul? Is it? Where are we? Has there been

0:19:29.160 --> 0:19:29.560
<v Speaker 1>no harm?

0:19:29.640 --> 0:19:31.480
<v Speaker 3>That's the question a lot of people are asking in

0:19:31.560 --> 0:19:36.320
<v Speaker 3>terms of our allies, the world's perception of the United

0:19:36.359 --> 0:19:40.280
<v Speaker 3>States as the safest, best place to put their money always,

0:19:40.760 --> 0:19:41.800
<v Speaker 3>has that been hurt?

0:19:41.880 --> 0:19:44.600
<v Speaker 2>Tom Friedman says yes in The New York Times. Course

0:19:44.600 --> 0:19:48.080
<v Speaker 2>he does. But he says that our allies in Europe

0:19:48.080 --> 0:19:50.280
<v Speaker 2>will never trust us again, and they'll see China as

0:19:50.280 --> 0:19:53.040
<v Speaker 2>a more steady, predictable partner.

0:19:54.560 --> 0:19:58.240
<v Speaker 3>Okay, I you know, so many years ago I read

0:19:58.240 --> 0:20:00.159
<v Speaker 3>so many things from Tom Friedman of the that I

0:20:00.200 --> 0:20:02.679
<v Speaker 3>thought were fantastic. Honestly, I don't want his opinion on

0:20:02.760 --> 0:20:05.520
<v Speaker 3>anything other than what's the best Chinese food?

0:20:05.560 --> 0:20:07.520
<v Speaker 1>Close to Times Square? At this point, I.

0:20:10.040 --> 0:20:13.720
<v Speaker 2>Think, I mean, in terms of the world splitting between

0:20:13.760 --> 0:20:17.760
<v Speaker 2>US and China, which is what's happening. I still think

0:20:17.800 --> 0:20:19.680
<v Speaker 2>people are going to go with the United States because

0:20:19.760 --> 0:20:22.480
<v Speaker 2>China is They're all They want to take you over.

0:20:22.640 --> 0:20:24.080
<v Speaker 1>They don't want to be your business partner.

0:20:24.600 --> 0:20:28.000
<v Speaker 3>Yes, they have a way of making you truly regret

0:20:28.080 --> 0:20:30.000
<v Speaker 3>your partnerships through the years.

0:20:30.520 --> 0:20:31.960
<v Speaker 1>So a glimpse behind the scenes.

0:20:31.960 --> 0:20:33.879
<v Speaker 3>I was dealing with a bit of a domestic crisis

0:20:33.920 --> 0:20:35.919
<v Speaker 3>during the commercial break, and so we didn't really get.

0:20:35.760 --> 0:20:36.560
<v Speaker 1>A chance to chat.

0:20:37.240 --> 0:20:41.159
<v Speaker 3>Playing the Charlie Gasparino stuff seems apropos right now, How

0:20:41.160 --> 0:20:41.879
<v Speaker 3>do you feel about that?

0:20:42.520 --> 0:20:42.720
<v Speaker 1>Yeah?

0:20:42.720 --> 0:20:45.840
<v Speaker 3>He was on Fox News just after the pause was announced.

0:20:45.960 --> 0:20:46.680
<v Speaker 1>Moments later.

0:20:47.359 --> 0:20:51.320
<v Speaker 3>Yeah, the aforementioned Scott Bessen to and others came out

0:20:51.320 --> 0:20:54.240
<v Speaker 3>and said this was the plan all along. This president

0:20:54.359 --> 0:20:57.080
<v Speaker 3>negotiates like no other. And then Trump came out and

0:20:57.080 --> 0:20:58.879
<v Speaker 3>he said, yeah, I saw people freaking out, so we

0:20:58.960 --> 0:21:02.480
<v Speaker 3>changed our minds. Of course, people are like, thanks for that,

0:21:05.200 --> 0:21:08.520
<v Speaker 3>but it happens. I found this instructive. Perhaps you will too.

0:21:08.560 --> 0:21:10.760
<v Speaker 3>Let's start with clip sixty Michael and just go from there.

0:21:10.840 --> 0:21:12.600
<v Speaker 3>Charlie Gasprino yesterday.

0:21:12.480 --> 0:21:14.920
<v Speaker 7>I want to tell you right now that Donald Trump

0:21:15.080 --> 0:21:18.359
<v Speaker 7>out smarted the world. Trust me, I'm an American. I

0:21:18.400 --> 0:21:21.760
<v Speaker 7>support my president. But that's not really what happened here

0:21:21.760 --> 0:21:24.080
<v Speaker 7>from what I understand, and I know I'll get pushed back,

0:21:24.160 --> 0:21:27.240
<v Speaker 7>but here's what it is. First off, we should point

0:21:27.280 --> 0:21:28.919
<v Speaker 7>out that one of the good things about this is

0:21:28.920 --> 0:21:31.960
<v Speaker 7>that Scott Bessen is finally in the White House. He's

0:21:32.000 --> 0:21:34.720
<v Speaker 7>finally leading this. I mean, up until a couple of

0:21:34.760 --> 0:21:38.440
<v Speaker 7>days ago, it was Lutnick, it was Peter Navarro, the Commerce.

0:21:38.160 --> 0:21:40.679
<v Speaker 1>Secretary, the trade advisor, very much hawks.

0:21:40.800 --> 0:21:43.760
<v Speaker 7>Now it's Scott Besson, who believes in cutting deals as

0:21:43.800 --> 0:21:47.240
<v Speaker 7>opposed to you know, not, you know, just putting these

0:21:47.320 --> 0:21:50.160
<v Speaker 7>tariffs out there. And let's be amercantilistic economy.

0:21:50.040 --> 0:21:52.320
<v Speaker 1>All right, to see this set to the substance.

0:21:53.440 --> 0:21:56.760
<v Speaker 7>But number two, let's recall what happened overnight. And from

0:21:56.760 --> 0:21:58.879
<v Speaker 7>what I understand, and I'm getting this from people that

0:21:58.920 --> 0:22:02.280
<v Speaker 7>are talking to the house, what happened in the bond

0:22:02.320 --> 0:22:05.560
<v Speaker 7>market overnight, the spike in yields on the thirty year

0:22:05.960 --> 0:22:09.040
<v Speaker 7>and the ten year bond, which showed that people were

0:22:09.160 --> 0:22:13.200
<v Speaker 7>dumping our bonds. And who are those people dumping our bonds? Japan,

0:22:13.600 --> 0:22:17.600
<v Speaker 7>the biggest holder of bonds, was selling bonds. That's what

0:22:17.600 --> 0:22:21.280
<v Speaker 7>I'm getting from some very big money managers. China maybe

0:22:21.280 --> 0:22:23.800
<v Speaker 7>to some extent, but it was largely Japan and others.

0:22:24.280 --> 0:22:27.560
<v Speaker 7>If you have a mass sale of bonds, that means

0:22:27.720 --> 0:22:30.960
<v Speaker 7>people are losing confidence in the US economy on the

0:22:31.000 --> 0:22:34.240
<v Speaker 7>ability to do deals with US. And from what I understand,

0:22:35.280 --> 0:22:39.480
<v Speaker 7>this is what forced the hand of this ninety day reprieve.

0:22:40.000 --> 0:22:43.159
<v Speaker 2>And apparently apparently Trump didn't think that was going to happen,

0:22:44.480 --> 0:22:45.840
<v Speaker 2>or not as much as it was happening.

0:22:45.960 --> 0:22:46.320
<v Speaker 1>Yeah.

0:22:46.680 --> 0:22:49.119
<v Speaker 3>In other words, since we spend way more than we

0:22:49.240 --> 0:22:52.480
<v Speaker 3>take in, and it's good to have cash flow, even

0:22:52.600 --> 0:22:55.120
<v Speaker 3>if you're being smarter than we've been as a country.

0:22:56.000 --> 0:22:57.879
<v Speaker 3>It's nice to be able to say, hey, would you

0:22:58.000 --> 0:23:00.919
<v Speaker 3>like some of our bonds to invest your money?

0:23:01.040 --> 0:23:02.679
<v Speaker 1>We'll pay you three and a half percent.

0:23:03.400 --> 0:23:06.679
<v Speaker 3>And at some point, like overnight, they start saying, we

0:23:06.720 --> 0:23:09.320
<v Speaker 3>don't want your stinking bonds at three and a half percent,

0:23:09.800 --> 0:23:10.800
<v Speaker 3>Well would you take him at.

0:23:10.760 --> 0:23:12.600
<v Speaker 1>Four and a half, How about five and a half.

0:23:12.640 --> 0:23:15.840
<v Speaker 3>And all of a sudden, our borrowing costs are skyrocketing.

0:23:16.000 --> 0:23:17.879
<v Speaker 3>And I don't know if you're familiar with this, we

0:23:18.000 --> 0:23:22.119
<v Speaker 3>run hillacious debts in this country. We overspend like coke

0:23:22.320 --> 0:23:26.199
<v Speaker 3>binged and binging sailors. Anyway, So that's part of the panic.

0:23:27.200 --> 0:23:29.920
<v Speaker 3>A little more from mister Gasparino, you know, are.

0:23:29.840 --> 0:23:32.239
<v Speaker 7>People coming to the table. Yeah, but if you know,

0:23:32.320 --> 0:23:34.320
<v Speaker 7>if you read me between the lines or not, even

0:23:34.520 --> 0:23:38.240
<v Speaker 7>what Scott Bessen said, we have no deals, right, there's

0:23:38.320 --> 0:23:42.120
<v Speaker 7>nobody that is really there saying this is what we're

0:23:42.119 --> 0:23:45.199
<v Speaker 7>going to do, and they paused it anyway, So my

0:23:45.359 --> 0:23:48.000
<v Speaker 7>thing that said, well, i'll give you this, there is

0:23:48.040 --> 0:23:49.680
<v Speaker 7>some art of the deal here, and by the way,

0:23:49.760 --> 0:23:52.000
<v Speaker 7>brilliant move by putting China in the corner.

0:23:52.280 --> 0:23:53.840
<v Speaker 1>But that's a whole separate.

0:23:53.480 --> 0:23:56.040
<v Speaker 7>Thing because remember that's a very difficult negotiation.

0:23:56.520 --> 0:23:58.320
<v Speaker 1>Everybody else is a lot easier.

0:23:58.520 --> 0:24:00.720
<v Speaker 7>They really wanted to, they do want to deal with us,

0:24:00.960 --> 0:24:04.840
<v Speaker 7>whether they want to be forced into really bad trade

0:24:04.840 --> 0:24:07.240
<v Speaker 7>deals on their end as a whole other negotiating story.

0:24:07.359 --> 0:24:09.960
<v Speaker 2>Yeah, we haven't mentioned that. Along with the pause of

0:24:10.000 --> 0:24:12.560
<v Speaker 2>everyone else. He upped the tear off some China to

0:24:12.600 --> 0:24:15.600
<v Speaker 2>what now one hundred and twenty percent, So what it is?

0:24:15.640 --> 0:24:17.439
<v Speaker 1>It might be more. In the last ten minutes.

0:24:17.480 --> 0:24:21.080
<v Speaker 3>Everybody's ratcheting it up, and so everybody Trump and Chesion pick.

0:24:21.160 --> 0:24:22.280
<v Speaker 1>Both of those things happen.

0:24:23.080 --> 0:24:26.360
<v Speaker 3>But Jack, how would you describe the bond market now

0:24:26.359 --> 0:24:27.840
<v Speaker 3>it underpins the economy?

0:24:28.000 --> 0:24:31.040
<v Speaker 1>I wouldn't. Would you say it's the plumbing of the economy,

0:24:31.080 --> 0:24:32.040
<v Speaker 1>That's what I would say.

0:24:33.200 --> 0:24:36.000
<v Speaker 7>But make no mistake about it, you cannot divorce this

0:24:36.119 --> 0:24:39.520
<v Speaker 7>decision right here from what happened last night, which was

0:24:39.760 --> 0:24:42.760
<v Speaker 7>you know I and people focus on the stock market

0:24:42.800 --> 0:24:45.160
<v Speaker 7>all the time. It's the bond market and the sort

0:24:45.160 --> 0:24:48.880
<v Speaker 7>of lending markets that's the plumbing of the economy. And

0:24:49.280 --> 0:24:53.080
<v Speaker 7>those markets were imploding last night. And that's why we

0:24:53.160 --> 0:24:57.840
<v Speaker 7>have a ninety day freeze. Let's see if those markets improve.

0:24:57.880 --> 0:24:59.800
<v Speaker 7>I've someone told me we had a decent treasury wash

0:25:00.000 --> 0:25:03.320
<v Speaker 7>oction today. But if you can't sell your treasures, guys,

0:25:03.920 --> 0:25:06.399
<v Speaker 7>and people are unloading your treasures, like Japan, which is

0:25:06.440 --> 0:25:09.440
<v Speaker 7>I believe the largest foreign holder after China.

0:25:09.640 --> 0:25:11.240
<v Speaker 1>Just to be clear, there was an option that.

0:25:11.280 --> 0:25:14.800
<v Speaker 2>Just so, the bond market is the plumbing of the economy,

0:25:14.840 --> 0:25:17.080
<v Speaker 2>and it was imploding. And I can tell you, if

0:25:17.080 --> 0:25:19.320
<v Speaker 2>you're plumbing implodes, you're going to have to call into

0:25:19.400 --> 0:25:20.720
<v Speaker 2>work and say I'm not going to be.

0:25:20.720 --> 0:25:24.080
<v Speaker 3>There today, call service master. Yeah it's terrible. It's oh,

0:25:24.119 --> 0:25:28.800
<v Speaker 3>it's so gross. So Charlie Gasparino there, I have no

0:25:29.080 --> 0:25:33.280
<v Speaker 3>reason to doubt his explanation. I have come across no

0:25:33.600 --> 0:25:35.680
<v Speaker 3>serious contradiction to his exploits.

0:25:35.840 --> 0:25:40.560
<v Speaker 2>I think it's fascinating that there was some metric that

0:25:41.359 --> 0:25:44.879
<v Speaker 2>was enough to make Trump say, now this isn't working

0:25:45.119 --> 0:25:45.720
<v Speaker 2>or going to work.

0:25:46.440 --> 0:25:48.080
<v Speaker 1>Yeah, And I don't know if he.

0:25:50.320 --> 0:25:53.320
<v Speaker 2>So, He famously, as everybody has been talking about for

0:25:53.560 --> 0:25:57.000
<v Speaker 2>a week now, has been saying this since you know,

0:25:57.119 --> 0:26:01.200
<v Speaker 2>the eighties on Oprah Winfrey Show, that we're getting ripped

0:26:01.200 --> 0:26:04.080
<v Speaker 2>off and kneed teriff, Yeah, and you got so. Does

0:26:04.119 --> 0:26:09.240
<v Speaker 2>he still believe that? Does he believe that his that's

0:26:09.280 --> 0:26:12.399
<v Speaker 2>still true, but his cure for it doesn't work for.

0:26:12.280 --> 0:26:14.159
<v Speaker 1>Whatever reason, I want, I wonder where he is on

0:26:14.200 --> 0:26:14.479
<v Speaker 1>all that.

0:26:15.600 --> 0:26:17.640
<v Speaker 3>Yeah, I mean, and this is the sort of thing

0:26:17.680 --> 0:26:20.520
<v Speaker 3>that might freak out new listeners who think every radio

0:26:20.520 --> 0:26:22.920
<v Speaker 3>show ought to be one hundred percent pro Trump or

0:26:22.920 --> 0:26:25.800
<v Speaker 3>one hundred percent anti Trump. We calls him as we

0:26:25.840 --> 0:26:30.800
<v Speaker 3>see them. But I think a Trump is very adaptable.

0:26:31.280 --> 0:26:33.480
<v Speaker 3>He is more than willing to say that didn't work,

0:26:33.480 --> 0:26:36.119
<v Speaker 3>We're going to try this. He does not cling to

0:26:36.480 --> 0:26:39.760
<v Speaker 3>ideas that do not serve him. You know, he's a

0:26:39.800 --> 0:26:43.200
<v Speaker 3>little parapatetic and mercurial for my taste. And I think

0:26:43.240 --> 0:26:45.800
<v Speaker 3>some of the stuff he's pulling may damage our standing

0:26:45.800 --> 0:26:48.600
<v Speaker 3>in the world over the long term. Having said that

0:26:48.680 --> 0:26:51.719
<v Speaker 3>critical stuff, I think trade wise, this could end up

0:26:51.720 --> 0:26:56.800
<v Speaker 3>in a very very good place with reasonable trade barriers,

0:26:57.359 --> 0:27:00.600
<v Speaker 3>if any, with our friends and allies and non enemies

0:27:01.080 --> 0:27:04.320
<v Speaker 3>in a way that was way way overdoing happening. On

0:27:04.359 --> 0:27:06.240
<v Speaker 3>the other hand, he never counts when he talks about

0:27:06.240 --> 0:27:08.560
<v Speaker 3>trade surpluses and deficits.

0:27:08.000 --> 0:27:09.639
<v Speaker 1>And he never counts services.

0:27:10.560 --> 0:27:14.199
<v Speaker 3>And I understand the allure of manufacturing and making our

0:27:14.200 --> 0:27:16.760
<v Speaker 3>own stuff and being self reliant on critical industries, but

0:27:17.080 --> 0:27:21.679
<v Speaker 3>I mean we export. We have an enormous trade imbalance

0:27:21.720 --> 0:27:28.480
<v Speaker 3>in our favor, a surplus for services, banking, entertainments, financial advice,

0:27:28.560 --> 0:27:33.800
<v Speaker 3>to the thousand different things. So to the three dimensional

0:27:33.920 --> 0:27:37.720
<v Speaker 3>chess teck, I'm sorry the obvious tech. Yes, three dimensional chests.

0:27:37.880 --> 0:27:41.840
<v Speaker 2>So I remember asking Bill O'Reilly this question back when

0:27:41.840 --> 0:27:45.080
<v Speaker 2>Bill O'Reilly was the number one show cable show in

0:27:45.119 --> 0:27:50.600
<v Speaker 2>America ten years ago, twenty fifteen, when Trump was running

0:27:51.800 --> 0:27:54.919
<v Speaker 2>is this three dimensional chess? Or is he just winging it?

0:27:54.960 --> 0:27:59.120
<v Speaker 2>And I remember Bill O'Reilly saying it's not three dimensional chess.

0:28:00.040 --> 0:28:03.240
<v Speaker 2>I think that is generally the case with Trump. But

0:28:03.320 --> 0:28:07.040
<v Speaker 2>I do wonder about this one. Maybe around Doge more

0:28:07.080 --> 0:28:09.640
<v Speaker 2>than the tariffs, because he's been talking about the tariffs thing,

0:28:09.840 --> 0:28:12.840
<v Speaker 2>you know, for for forty years, as we mentioned, But

0:28:12.920 --> 0:28:16.440
<v Speaker 2>maybe around the Doge thing getting so much attention. What

0:28:16.560 --> 0:28:20.800
<v Speaker 2>was everybody saying leading up to the election, including us.

0:28:21.400 --> 0:28:25.399
<v Speaker 2>The number one political story of twenty twenty five is

0:28:25.440 --> 0:28:27.560
<v Speaker 2>going to be the Trump tax cuts. That's going to

0:28:27.640 --> 0:28:31.840
<v Speaker 2>be all everybody's talking about. And nobody's talking about it,

0:28:31.920 --> 0:28:34.160
<v Speaker 2>and they're working on it behind the scenes. And there's

0:28:34.160 --> 0:28:36.080
<v Speaker 2>a bill last night that didn't happen, but they're working

0:28:36.119 --> 0:28:38.240
<v Speaker 2>on it constantly behind the scenes, and.

0:28:38.160 --> 0:28:39.520
<v Speaker 1>Nobody's talking about it.

0:28:39.920 --> 0:28:43.040
<v Speaker 2>And I mean, Trump is you know, a TV producer,

0:28:43.080 --> 0:28:47.200
<v Speaker 2>guy who understands the media and how they flock towards stories.

0:28:47.440 --> 0:28:49.480
<v Speaker 2>And I just wonder if some of this stuff might

0:28:49.520 --> 0:28:52.360
<v Speaker 2>be I'm going to get the biggest that tax cut redone,

0:28:53.160 --> 0:28:55.280
<v Speaker 2>and that is going to set the economy in place

0:28:55.320 --> 0:28:56.920
<v Speaker 2>the way I want it the rest of my term.

0:28:57.600 --> 0:29:01.479
<v Speaker 2>And that is the whole enchilada, and nobody's talking about it.

0:29:01.920 --> 0:29:05.000
<v Speaker 3>I do enjoy a good enchilada. Perhaps that is the case.

0:29:05.040 --> 0:29:07.760
<v Speaker 3>We'll we'll all find out together from our friends that

0:29:07.880 --> 0:29:11.760
<v Speaker 3>simply save home security. It's a chaotic, scary world, and

0:29:11.760 --> 0:29:14.360
<v Speaker 3>we're not talking about trade negotiations. Too many junkies, too

0:29:14.360 --> 0:29:17.240
<v Speaker 3>many scumbags on the streets, too many policies.

0:29:16.720 --> 0:29:18.280
<v Speaker 1>That have made crime too easy.

0:29:18.440 --> 0:29:21.840
<v Speaker 3>But with simply save millions of Americans enjoy greater security

0:29:21.840 --> 0:29:24.320
<v Speaker 3>and peace of mind every time they arm their system.

0:29:24.440 --> 0:29:28.360
<v Speaker 2>I love the outdoor out hm, I love the active

0:29:29.000 --> 0:29:30.480
<v Speaker 2>m mmm.

0:29:32.160 --> 0:29:34.720
<v Speaker 3>I'll get to get the spoon from mister Armstrong's tongue

0:29:34.880 --> 0:29:35.320
<v Speaker 3>right out.

0:29:35.400 --> 0:29:37.840
<v Speaker 2>They got this thing with cameras in your yard and

0:29:37.880 --> 0:29:39.880
<v Speaker 2>around the house, and there you can catch skip it.

0:29:39.960 --> 0:29:40.600
<v Speaker 1>Yeah, I'll skip it.

0:29:40.640 --> 0:29:43.040
<v Speaker 2>They can catch bad people before they break into your home,

0:29:43.080 --> 0:29:46.200
<v Speaker 2>which is really really cool. They use AI and also

0:29:46.280 --> 0:29:47.640
<v Speaker 2>professional monitoring agents.

0:29:47.680 --> 0:29:48.880
<v Speaker 1>It's about a dollar a day.

0:29:48.720 --> 0:29:50.640
<v Speaker 2>With no long term contract, which is a main Wait

0:29:50.680 --> 0:29:53.320
<v Speaker 2>a minute, something that advanced and unpronounceable.

0:29:53.400 --> 0:29:56.000
<v Speaker 1>Is just a dollar a day. That's way less than

0:29:56.000 --> 0:29:57.440
<v Speaker 1>my old crappy system.

0:29:57.520 --> 0:30:00.480
<v Speaker 3>That's right, friends, no long term contracts or canceling fees,

0:30:00.520 --> 0:30:03.440
<v Speaker 3>sixty day satisfaction guaranteeing. Right now, if you visit simply

0:30:03.520 --> 0:30:06.240
<v Speaker 3>simply safe dot com slash armstrong, you can get fifty

0:30:06.240 --> 0:30:08.800
<v Speaker 3>percent off a new system with a professional monitoring plan

0:30:08.840 --> 0:30:11.479
<v Speaker 3>and get your first month free. That's simply safe dot

0:30:11.520 --> 0:30:14.680
<v Speaker 3>com slash Armstrong. There's no safe like simply safe.

0:30:14.760 --> 0:30:16.280
<v Speaker 2>And then one more thing before we take a break,

0:30:16.280 --> 0:30:18.920
<v Speaker 2>because you got mail bag coming up, is this wasn't

0:30:18.920 --> 0:30:24.400
<v Speaker 2>on purpose, but ended up being. You know, everybody's talking

0:30:24.400 --> 0:30:27.760
<v Speaker 2>about the end of the all those other tariffs without

0:30:28.040 --> 0:30:31.280
<v Speaker 2>much focus on the fact that he just exploded Chinese

0:30:31.640 --> 0:30:33.920
<v Speaker 2>tariffs on China to one hundred and twenty percent from

0:30:34.040 --> 0:30:37.080
<v Speaker 2>what were they before forty five. And I mean, if

0:30:37.120 --> 0:30:39.760
<v Speaker 2>he had only done that, that would have been such

0:30:39.760 --> 0:30:41.640
<v Speaker 2>a giant headline. It never been to be talking about it,

0:30:41.640 --> 0:30:42.800
<v Speaker 2>and a lot of people would be saying it was

0:30:42.800 --> 0:30:43.600
<v Speaker 2>a horrible mistake.

0:30:43.760 --> 0:30:46.720
<v Speaker 1>And now it's just kind of like not even a story. Yeah,

0:30:46.720 --> 0:30:47.160
<v Speaker 1>you're right.

0:30:47.240 --> 0:30:48.840
<v Speaker 2>I don't think that was on purpose, but that is

0:30:49.040 --> 0:30:52.400
<v Speaker 2>the ultimate end result. I think, what was that movie?

0:30:52.480 --> 0:30:55.280
<v Speaker 2>Everything all at once, all the time. That's the news

0:30:55.280 --> 0:30:57.160
<v Speaker 2>flow right now. Yeah, what do you focus on?

0:30:57.280 --> 0:30:59.720
<v Speaker 3>If you're a Democrat, they're miserable, their heads are in

0:30:59.720 --> 0:31:00.160
<v Speaker 3>their hand.

0:31:00.520 --> 0:31:03.600
<v Speaker 1>I don't know what to yell about. Uh mailbag on

0:31:03.600 --> 0:31:06.400
<v Speaker 1>the white bunch of other stuff. Stay here.

0:31:08.080 --> 0:31:10.120
<v Speaker 2>I had to get up backtra early to take my

0:31:10.280 --> 0:31:12.960
<v Speaker 2>dire Wolf pumps for a walk around the block.

0:31:14.160 --> 0:31:15.040
<v Speaker 1>Before I went to work.

0:31:16.160 --> 0:31:18.200
<v Speaker 3>Yeah, if they get to Nancy, they'll really tear up

0:31:18.200 --> 0:31:20.760
<v Speaker 3>the furniture being I eat your fish saw tall at

0:31:20.800 --> 0:31:24.640
<v Speaker 3>the soldier at the shoulder. Yeah, exactly, enormous. Here's your

0:31:24.680 --> 0:31:26.800
<v Speaker 3>freedom loving quote of the day. Love this one from

0:31:26.880 --> 0:31:30.520
<v Speaker 3>PJ O'Rourke. Jeff sent it along. It's terrific. It's just

0:31:30.600 --> 0:31:34.120
<v Speaker 3>quoting it the other day. An entitlement is what people

0:31:34.160 --> 0:31:36.880
<v Speaker 3>on welfare get, and how free are they. It's not

0:31:36.920 --> 0:31:40.160
<v Speaker 3>an endlessly expanding list of rights. The right to education,

0:31:40.280 --> 0:31:42.800
<v Speaker 3>the right to healthcare, the right to food and housing.

0:31:43.080 --> 0:31:45.880
<v Speaker 1>That's not freedom, that's dependency. Those aren't rights.

0:31:45.880 --> 0:31:49.200
<v Speaker 3>Those are the rations of slavery, hay into barn for

0:31:49.360 --> 0:31:52.480
<v Speaker 3>human cattle. There's only one basic human right, the right

0:31:52.520 --> 0:31:54.640
<v Speaker 3>to do as you damn well please, and with it

0:31:54.640 --> 0:31:57.320
<v Speaker 3>comes the only basic human duty, the duty to take

0:31:57.360 --> 0:31:58.320
<v Speaker 3>the consequences.

0:31:59.240 --> 0:32:01.280
<v Speaker 1>I couldn't love that more. That's pretty good.

0:32:01.520 --> 0:32:03.480
<v Speaker 3>If I had a manifesto, that would be in the

0:32:03.560 --> 0:32:08.360
<v Speaker 3>lead mailbag prob us a note mail bag at Armstrong

0:32:08.400 --> 0:32:15.280
<v Speaker 3>and getty dot com weirdly dental related mailbag today this

0:32:16.160 --> 0:32:18.320
<v Speaker 3>later today, two pm Eastern, I'll be listening to the

0:32:18.360 --> 0:32:20.280
<v Speaker 3>A and G podcast, as I have for many years,

0:32:20.320 --> 0:32:22.400
<v Speaker 3>but this time I'll be listening to it while undergoing

0:32:22.520 --> 0:32:26.400
<v Speaker 3>oral surgery. I mean a couple holes drilled to replace

0:32:26.400 --> 0:32:28.800
<v Speaker 3>an implant, et cetera. Why am I reading you this

0:32:29.080 --> 0:32:32.480
<v Speaker 3>because of the sign off, Michael, can you lower the music?

0:32:33.440 --> 0:32:36.200
<v Speaker 3>There's a hole in my mouth where my teeth once. Well,

0:32:36.600 --> 0:32:40.800
<v Speaker 3>somebody's my again, Monney anyway, owen too that it's Kevin.

0:32:42.280 --> 0:32:46.520
<v Speaker 3>That's really funny. And then this Mike from Surf City.

0:32:47.320 --> 0:32:49.400
<v Speaker 3>But the tennis today with my fifteen year old son.

0:32:49.520 --> 0:32:51.520
<v Speaker 3>He's been going to this place most of his life,

0:32:51.520 --> 0:32:54.200
<v Speaker 3>and we've always known there's this wackado roaming the halls.

0:32:54.520 --> 0:32:57.200
<v Speaker 3>Usually he's just loud and opinion that he'd opinionated, but

0:32:57.320 --> 0:33:00.240
<v Speaker 3>day he went full feral. Now he already had his

0:33:00.280 --> 0:33:02.000
<v Speaker 3>hands in my kid's mouth, so I've always let his

0:33:02.120 --> 0:33:04.680
<v Speaker 3>loud anti trump rant slide. But today he launched into

0:33:04.680 --> 0:33:07.240
<v Speaker 3>a tirade about the China tariffs and now everything comes

0:33:07.280 --> 0:33:09.520
<v Speaker 3>from China. I held my tongue for about half an hour,

0:33:09.560 --> 0:33:11.960
<v Speaker 3>but the mixt of dennist off his tension and one

0:33:12.000 --> 0:33:14.200
<v Speaker 3>lie after another finally pushed me to respond with a

0:33:14.200 --> 0:33:18.040
<v Speaker 3>little common sense. Anyway, so this guy gets all agitated

0:33:18.080 --> 0:33:21.560
<v Speaker 3>and starts yelling he's got no facts. He's just like

0:33:21.560 --> 0:33:23.800
<v Speaker 3>a homeless methadic coming at me on the street, just

0:33:23.800 --> 0:33:27.320
<v Speaker 3>pure intensity and zero logic and I'm gonna skip ahead

0:33:27.360 --> 0:33:30.800
<v Speaker 3>a little bit, but somewhere in the middle of his madness,

0:33:30.880 --> 0:33:33.880
<v Speaker 3>I somehow had him supporting slavery and child labor, all

0:33:33.920 --> 0:33:36.680
<v Speaker 3>while complaining that the minimum wage is too high in California.

0:33:36.880 --> 0:33:39.360
<v Speaker 3>Poor guy's never had so many truths at once. My

0:33:39.440 --> 0:33:41.520
<v Speaker 3>son looked at me afterwards and said, Dad, he was

0:33:41.560 --> 0:33:43.680
<v Speaker 3>gaslighting you. He didn't have a single good point. All

0:33:43.720 --> 0:33:46.280
<v Speaker 3>he could do is yell. Fifteen years old and already

0:33:46.320 --> 0:33:49.560
<v Speaker 3>smarter than half the country or more, says Mike from Serfs.

0:33:49.840 --> 0:33:50.080
<v Speaker 4>Yeah.

0:33:50.160 --> 0:33:52.960
<v Speaker 2>I for when I'm in those situations, I try to

0:33:53.040 --> 0:33:56.480
<v Speaker 2>get to a yeah. I don't talk about politics very quickly,

0:33:56.960 --> 0:33:58.440
<v Speaker 2>just yeah, I'm not listening to.

0:33:59.280 --> 0:34:01.200
<v Speaker 1>Even if I with you, I don't want to talk

0:34:01.200 --> 0:34:01.640
<v Speaker 1>about this.

0:34:02.120 --> 0:34:04.880
<v Speaker 3>Why you're working on my kid's teeth, that's great if

0:34:04.880 --> 0:34:07.680
<v Speaker 3>it persists. I am on the phone that day with

0:34:07.800 --> 0:34:10.440
<v Speaker 3>the dentist saying, you get rid of this person, or

0:34:10.480 --> 0:34:12.640
<v Speaker 3>we will go. We are gone, and we'll tell everybody

0:34:12.640 --> 0:34:17.600
<v Speaker 3>why we're gone. That has to end. Like day before yesterday,

0:34:18.200 --> 0:34:21.680
<v Speaker 3>Reagan put it. Let's see Burbank Luke with an excellent

0:34:21.680 --> 0:34:23.880
<v Speaker 3>point here. Larry Summers said, of the tariffs, this is

0:34:23.920 --> 0:34:26.799
<v Speaker 3>the first US bout of US financial stability caused by

0:34:26.800 --> 0:34:29.640
<v Speaker 3>the US government. What a statement, I guess the housing

0:34:29.680 --> 0:34:33.200
<v Speaker 3>bubble and subsequent recession of twenty oh eight slipped his mind. Excellent,

0:34:33.239 --> 0:34:36.400
<v Speaker 3>that was caused by granting mortgage just to anyone who

0:34:36.440 --> 0:34:39.400
<v Speaker 3>could fog a mayor. Thanks Bill Clinton and Barney Frank

0:34:39.560 --> 0:34:43.400
<v Speaker 3>excellent point while he was Bill Clinton's Treasury secretary. How

0:34:43.400 --> 0:34:45.920
<v Speaker 3>about our government racking up thirty six trillion dollars worth

0:34:45.960 --> 0:34:48.319
<v Speaker 3>of debt or allowing China wage total war on US

0:34:48.360 --> 0:34:51.320
<v Speaker 3>for the last thirty years with the favored nation status

0:34:51.400 --> 0:34:54.360
<v Speaker 3>we granted them. I wasn't going to count the disastrous

0:34:54.400 --> 0:34:58.320
<v Speaker 3>COVID policy lockdowns was disrupted every aspect of our lives,

0:34:58.480 --> 0:35:01.560
<v Speaker 3>causing massive inflation and job losses because state governments share

0:35:01.560 --> 0:35:04.680
<v Speaker 3>the blame. Then I remembered what government paid for the

0:35:04.680 --> 0:35:07.720
<v Speaker 3>gain of function research. What an f and clown Thomas

0:35:07.760 --> 0:35:10.319
<v Speaker 3>Soul was onto something with that quip about Harvard men

0:35:11.000 --> 0:35:13.120
<v Speaker 3>per Bank Luke bringing it.

0:35:13.400 --> 0:35:16.239
<v Speaker 2>I'm I'm an ostrich head in the sand on a

0:35:16.239 --> 0:35:19.000
<v Speaker 2>lot of your macroeconomy stuff. I just I'm so cynical

0:35:19.040 --> 0:35:22.560
<v Speaker 2>and like practically conspiracy theory guide that I just feel

0:35:22.600 --> 0:35:26.719
<v Speaker 2>like there are very powerful people the top that run

0:35:26.760 --> 0:35:28.319
<v Speaker 2>all this and do whatever hell they want and get

0:35:28.360 --> 0:35:31.400
<v Speaker 2>really really witch And I mean the Scarborough was mentioning

0:35:31.400 --> 0:35:34.000
<v Speaker 2>the other day on MSNBC, and I was happy that

0:35:34.040 --> 0:35:37.480
<v Speaker 2>he brought this up. Was the Giant two thousand whatever

0:35:37.560 --> 0:35:44.239
<v Speaker 2>it was housing crash. Nobody went to jail, nobody, nobody

0:35:44.960 --> 0:35:46.400
<v Speaker 2>destroyed the economy.

0:35:46.520 --> 0:35:49.480
<v Speaker 1>So many of us I lost hundreds of thousands of dollars.

0:35:49.760 --> 0:35:53.239
<v Speaker 2>I mean, so many people lost so much money because

0:35:53.239 --> 0:35:55.239
<v Speaker 2>they are giving loans to people.

0:35:54.920 --> 0:35:59.239
<v Speaker 1>That should have never gotten loved. Nobody name of equity.

0:36:00.200 --> 0:36:05.200
<v Speaker 3>Nobody got except well and Progressive America never stood up

0:36:05.239 --> 0:36:07.120
<v Speaker 3>and said, yeah, that policy was disastrous.

0:36:07.320 --> 0:36:10.680
<v Speaker 1>It was miserable. We have inflicted this dam engine we apologize. Nobody.

0:36:10.920 --> 0:36:13.440
<v Speaker 2>Ah so excited, I can't get started on and it

0:36:13.480 --> 0:36:15.080
<v Speaker 2>makes me too angry. So that's why coming to the

0:36:15.120 --> 0:36:16.640
<v Speaker 2>reasons I've given up on that whole thing.

0:36:17.160 --> 0:36:20.760
<v Speaker 3>Coming up next hour, Jack, Yes you can outrun a horse,

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<v Speaker 3>I will explain.

0:36:23.200 --> 0:36:26.359
<v Speaker 1>Wow, that's the question of the day. How the hell

0:36:26.400 --> 0:36:27.080
<v Speaker 1>did that come up?

0:36:27.160 --> 0:36:29.200
<v Speaker 2>If you missed the second, get the podcast Armstrong and

0:36:29.200 --> 0:36:30.160
<v Speaker 2>Getty on demand.

0:36:31.600 --> 0:36:32.800
<v Speaker 1>Armstrong and Getty