Speaker 1: Broadcasting live from the Abraham Lincoln Radio Studio, the George
Speaker 1: Washington Broadcast Center, Jack Armstrong, Joe, Kaddy Armstrong, and Jackie
Speaker 1: and He.
Speaker 2: Arms Rong, who live from studio scenes say he said,
Speaker 2: You're a dimly.
Speaker 1: Lit room deep with them the bowels of the Armstrong
Speaker 1: in Getty Communications Compound, and today we are toiling. Under
Speaker 1: the title of the show, the village has been overrun
Speaker 1: by the idiots. We no longer have a village idiot.
Speaker 1: Every village idiot visits every village via the Internet. We're
Speaker 1: a world full of village idiots. We're overrun. Alternate titled
Speaker 1: Dudes triumph again in girls' sports? Uh another one of
Speaker 1: the oh yeah yeah. Actually, one fellow who's dominated track
Speaker 1: and field girls track and field in California for quite
Speaker 1: a while now ran rough shod over those stupid females
Speaker 1: at the girls sports meet. I to go, buddy, and
Speaker 1: the school or the tournament or somebody came up with
Speaker 1: an interesting way to handle it, so we can talk
Speaker 1: about that later. You got to do something, well, the
Speaker 1: easiest thing to do would be saying if you got
Speaker 1: a penis, you can't run, or if you were born
Speaker 1: with one, or whatever. Yeah, but they took a cowardly,
Speaker 1: pathetic third route unintentionally hilarious, and I say thank you
Speaker 1: for the laughs. Where did we first come across that
Speaker 1: bit of wisdom about all of these violent shooters that
Speaker 1: has changed my view of looking at them for the
Speaker 1: rest of my life. Where did that come from? We're
Speaker 1: one hundred percent on the same track. Oh gosh, who
Speaker 1: wrote that? It was so good? You can go ahead.
Speaker 1: And but the main thing fitting in with a lot
Speaker 1: of the horrifying shootings like what went on in San
Speaker 1: Diego yesterday, is people that are basically suicidal, but they
Speaker 1: latch onto a topic for their suicide and become ultimately
Speaker 1: focused on that, but their real goal is killing themselves.
Speaker 1: They're miserable and they want to kill themselves and it
Speaker 1: doesn't cite a cost. But they had like no history.
Speaker 1: It's a very very recent passion. Yeah, and I think
Speaker 1: that's what's going on in San Diego with these two
Speaker 1: people that clearly wanted to commit suicide, that was the plan,
Speaker 1: and picked Muslim school kids as their target. Unbelievable. Yeah,
Speaker 1: these losers, Yeah, might just have easily been you know,
Speaker 1: I don't know. Building the cop city in Atlanta or
Speaker 1: you know, anti healthcare executive to cite another story, It
Speaker 1: could be anything. Part of it could be. Charlie Kirk
Speaker 1: is another example. Yeah, absolutely, part of it could be
Speaker 1: it's always been this way. But part of it also
Speaker 1: may be in the modern world where you know, if
Speaker 1: your baby took their first steps and you didn't get
Speaker 1: it on video and can post it, it doesn't count.
Speaker 1: That whole phenomenon that affects all of us to a
Speaker 1: certain extent, where it just seems like life doesn't count
Speaker 1: if it's not put on some sort of place for
Speaker 1: somebody to say, hey, nice job, or cool new shoes
Speaker 1: or whatever. Perhaps the most sacred moment of someone's life
Speaker 1: when they decided to decide to join together with another
Speaker 1: person as partners for the rest of their days. Fingers crossed,
Speaker 1: that's got to be a performative show put on for
Speaker 1: the internet. Getting engaged. So you can't just kill yourself.
Speaker 1: How sad and pathetic would it be to kill yourself
Speaker 1: alone in your house? Nobody knows as opposed to make
Speaker 1: the news right that is, I don't know how we
Speaker 1: stop that phenomenon. Well, I think that's nailed, though I
Speaker 1: do not think this is a flawed theory. Whatsoever, this
Speaker 1: kid could have knocked out, you know, the new hydroelectric
Speaker 1: plant workers as easily as Muslims. I mean, it's just
Speaker 1: it's one of those why you got, you know, just
Speaker 1: take take yourself out, do it in reverse, as we
Speaker 1: always say, do it in reverse, kill yourself first. It's
Speaker 1: taken out innocent people. Just horrifying anyway, And that's probably
Speaker 1: all there is to say about that story other than
Speaker 1: yet another really brave security person guard principle, somebody, depending
Speaker 1: on the situation, who made the loss of life much
Speaker 1: less by risking their own lives. Now, get ready for
Speaker 1: the inevitable flood of articles and you know, speeches from
Speaker 1: the left about how it's the backlash, Islamophobic backlash, blah
Speaker 1: blah blah. No, fundamentalist Islam is still fundamentally incompatible with
Speaker 1: Western civilization. I will continue to say, so doesn't mean
Speaker 1: you kill innocent people who just happen to be of
Speaker 1: that religion. Please, it's a horror. Of course, Again, these
Speaker 1: guys were not ideologically dedicated. I mean, they were as
Speaker 1: passionate about this cause as I was about my favorite
Speaker 1: band when I was eighteen years old. Or you know
Speaker 1: some girl or you know something else that I went
Speaker 1: wild about for, you know, a cup of coffee. This phenomenon,
Speaker 1: you need to understand what it actually is. It's performative suicide,
Speaker 1: which makes it more scary, not less. It's not like
Speaker 1: it tempers these stories. It makes it more of a
Speaker 1: problem and more scary because who knows who the suicidal
Speaker 1: job is going to latch onto for their big show
Speaker 1: of look how miserable I am. Although I think the
Speaker 1: more universal that the knowledge of what it is becomes,
Speaker 1: you know that that young person will think will recognizing
Speaker 1: themselves maybe what they're doing, and think, yeah, I'm not
Speaker 1: actually fired up over this. I just hate myself and
Speaker 1: want to die and want to take people with me.
Speaker 1: So I get on TV. Do I really want to
Speaker 1: do that? There's nothing like being able to name your
Speaker 1: emotions or your emotional turmoil to help you sort through it. God,
Speaker 1: talk with Claude or somebody you know, need to do
Speaker 1: the chatbot therapist. But so we're in that first twenty
Speaker 1: four hours period where often things turn out to be
Speaker 1: not true. What you heard happens all the time. I
Speaker 1: was just wondering, since they killed themselves, these two awful
Speaker 1: human beings killed themselves, a white BMW and a BMW
Speaker 1: if maybe this is one of those children of privilege
Speaker 1: things that is so obviously also extra disturbing people with
Speaker 1: pretty cushy lives who are suicidal and need to lash
Speaker 1: out at the world affluenza. Yeah, so we don't know
Speaker 1: the details on that, but I'm sure they will come in.
Speaker 1: So that's one story. Did Trump taco or is this
Speaker 1: just I mean, if the people came from and said,
Speaker 1: you know, if they sense the big attack was coming,
Speaker 1: that he was fed up, and they came to him
Speaker 1: and said, look, we get it, and we're we need
Speaker 1: to do something, Well, stop looking for a nuclear weapon.
Speaker 1: Let's come up with a deal there. There'd be no
Speaker 1: point in attacking him at that point, even if you've
Speaker 1: tacoed five times or whatever you want to call it.
Speaker 2: Yeah.
Speaker 1: Well, when I see a pattern, I see a pattern,
Speaker 1: and I think I see a pattern. I don't know.
Speaker 1: One wag on the internet speaking of that evil force
Speaker 1: that will destroy the world. Ah that has cutter got
Speaker 1: Trump on some sort of solid gold choke chain or something.
Speaker 1: What is happening here? Where do hear the negotiations? One
Speaker 1: more trot Why would you do it, though, I mean,
Speaker 1: why would you make the apocalyptic threat over and over
Speaker 1: again and not follow through on it? What does he
Speaker 1: think he's getting out of it? If it's the pattern,
Speaker 1: you see, because I don't understand what benefit he's getting
Speaker 1: out of it. Well, I just have been fooled over
Speaker 1: and over again, thinking, Okay, the negotiats are clearly just
Speaker 1: a joke. Iran is not at all serious about this.
Speaker 1: In fact, they've given the middle finger to the very
Speaker 1: idea of any sort of compromise over and over again.
Speaker 1: Surely we will not extend the negotiations again to let
Speaker 1: them work. That would be absurd at this point, and
Speaker 1: it just keeps happening. I'm not just trying to figure
Speaker 1: out a way where you know, you're a Trumpkin, Yeah,
Speaker 1: you're you're a cultis practically. But him, of all people,
Speaker 1: having spent his life making major deals, you would think
Speaker 1: he would understand when he's being jerked around, as a
Speaker 1: guy who has jerked other people around his entire life
Speaker 1: in big deals. I could you know what this is.
Speaker 1: This is going to piss some people off, but right
Speaker 1: and tell me why I am wrong. You have some
Speaker 1: billion dollar deal with the cutteries in the works to
Speaker 1: benefit his family in this corporation. I hope that's not true. Yeah,
Speaker 1: I hope it's not true too. But you just cited
Speaker 1: to cite a couple of pieces of evidence that the
Speaker 1: Trump family is above that for me, Well, I can't
Speaker 1: do that in return for his nice new UH air
Speaker 1: Force one was that from Cutter? Yeah I think so. Yeah,
Speaker 1: that was not the UA, but Cutter, Yeah, well, I
Speaker 1: sure hope it's not that. Yeah, I have I have completely.
Speaker 1: I have no faith in limits or principles involved in
Speaker 1: Your Trump phone is ringing, but you might want to
Speaker 1: answer that. I can promise you it's not. I swear
Speaker 1: on this Trump Bible. Your Trump phone will arrive within
Speaker 1: six months. It's a flip phone. Yeah, well that'd actually
Speaker 1: be good, and so we'd better than no phone, which
Speaker 1: is what people curtly have. Yeah. I tell you what,
Speaker 1: here's one thing Trump wouldn't do. Dot dot dot. I
Speaker 1: find it difficult to finish that sentence confidently enough said
Speaker 1: oh point, And you know what's super interesting, Just as
Speaker 1: an aside to you personally, Jack, I'm you know, plowing
Speaker 1: through email the last few days and uh, the staunch
Speaker 1: defen are being outnumbered by the former defenders. That's you know,
Speaker 1: it's not a great random defenders of Trump. Trump, Yeah, Trump,
Speaker 1: the Hey, you guys got to hang in there. He
Speaker 1: knows what he's doing. He's hanging tough. He's just waiting
Speaker 1: or significantly outnumbered by the that's it. I've had it
Speaker 1: with the guys. Well, I'm a still guy. You know.
Speaker 1: I listened to a couple of long conservative podcasts yesterday
Speaker 1: where they were really debating pretty harshly, the I ran
Speaker 1: good idea or bad idea. As I've said many times,
Speaker 1: are there podcasts on the left where they do this,
Speaker 1: where they ever doubt their own side. If there are,
Speaker 1: I would like you to point them to me, because
Speaker 1: I would love to listen to him. I just never
Speaker 1: hear it. I only hear universal, like watching MSNBC this morning,
Speaker 1: everybody on the show agrees that, you know, this was
Speaker 1: a bad idea, that was a great idea. Trump's wrong here,
Speaker 1: blah blah blah. Never any like actual debate. Whereas I
Speaker 1: listen to conservative podcasts Jonah Goldberg and Noah Rothman, two
Speaker 1: my favorite conservative pugnits, really going at it over the
Speaker 1: war and Iran yesterday I thought this is awesome. Two
Speaker 1: smart guys who actually believe what they're saying debating. What
Speaker 1: does this ever happen? On the left? Was there ever
Speaker 1: a podcast where people are to be like seriously debating
Speaker 1: among Democrats whether Biden should stay or go? I don't know.
Speaker 1: I don't I don't ever hear them. I don't hear
Speaker 1: in public. I don't hear them anyway. I'm still in
Speaker 1: the this was a good idea a camp, but maybe
Speaker 1: we can talk about that later because we're unning out
Speaker 1: of time. But to me to say it was a
Speaker 1: bad idea, like pundit Joanah Goldberg said, how do you
Speaker 1: know yet? This is you got You're remodeling half your
Speaker 1: house and they tore it down, and you say this
Speaker 1: was a bad idea. We have no kitchen. Clearly it's
Speaker 1: terrible idea. Well, maybe we wait till it's finished to
Speaker 1: see if it was a good idea or not. But
Speaker 1: that's where I now. We have a powerful email on
Speaker 1: that very topic as part of mail bag Stay Too Cool.
Speaker 1: I'm Jack Armstrong, He's Joe Getty. On this it is Tuesday,
Speaker 1: May nineteenth, twenty six. We are armstrong in getting we
Speaker 1: approved of this program. Oh boy, all right, let's begin
Speaker 1: saying what needs to be said precisely according to f
Speaker 1: C see rules rags. Here we go at Mark, his
Speaker 1: children are better off without learn about me. Like they're
Speaker 1: calling enjoying funny. I'm stunning on business, Bryan Folkson, I
Speaker 1: don't give millions of Americans liked it. So those two
Speaker 1: of these three ten headed moron chicks outside the Luigi
Speaker 1: Mangioni trial in New York yesterday with press passes that
Speaker 1: they've gotten somehow from the mayor's office saying, he's it's
Speaker 1: good he was murdered. I'm glad it happened. I don't
Speaker 1: give an f that he died. Yeah, it was pretty
Speaker 1: hard to hear. But like the one saying, I think
Speaker 1: it's a good thing that he's dead. His kids are
Speaker 1: better off without him. His kids are better off without him.
Speaker 1: Can you imagine saying that as a human being. Yeah,
Speaker 1: about just a guy who was just doing his job right, right, believable.
Speaker 1: And they got passes to get into Luigi Mangioni trial
Speaker 1: from the mayor's office, correct, from Mamdani the Kami. Yeah,
Speaker 1: oh man, we got more on that coming up later.
Speaker 1: That's horrifying, ugly, evil cross eye leftist revolutionaries. People deserve
Speaker 1: to die for disagreeing with me. That is a dangerous trend. God,
Speaker 1: I'd say so, and it seems to be growing anyway.
Speaker 1: We've got more headlines and news on the waist. There,
Speaker 1: here's a headline. I know what podcast I'm listening to today.
Speaker 1: I just was reading about button this is the only one.
Speaker 1: Candace Owens interviewed Hunter Biden for like an hour yesterday,
Speaker 1: and I guess there was quite the amazing stuff being
Speaker 1: said there. Oh, I'll check that out today. Oh, I
Speaker 1: hate to put a cent in her pocket. What area?
Speaker 1: I'm kind of interested how far down the road of
Speaker 1: the blaming the Jew's craziness under Biden's building to go?
Speaker 1: So check that out. One other headline I want to
Speaker 1: get to before Joe starts with his Russia lost ground
Speaker 1: in the war. Sustained loss over a month for the
Speaker 1: first time since October twenty three, so in quite a while.
Speaker 1: Russia starting to lose ground in Ukraine. Can it be
Speaker 1: kept going is the question? But I've heard a number
Speaker 1: of military experts on various cable news channels say Ukraine
Speaker 1: could win this thing. Yeah, yeah, it'd be exciting. Yeah,
Speaker 1: I want to talk more about that. I came across
Speaker 1: a couple of great pieces of analysis and reports and
Speaker 1: that sort of thing. Yeah, yeah, it's wild how the
Speaker 1: tide has turned. Just the toughness and resilience of Ukrainian
Speaker 1: forces and their leadership actually, and they're making it enormous
Speaker 1: strides and stamping out the oligarchs and crooks that were
Speaker 1: part of the government too. Really. Yeah, boy, how this
Speaker 1: looks in five years is a kind of an excite
Speaker 1: on inspiring mystery. Anyway, a handful of more headlines. He
Speaker 1: heard about the two teenage gunmen who killed a handful
Speaker 1: of people at a San Diego mosque. We talked about
Speaker 1: that last segment or so been, As often is the
Speaker 1: case with these things, could have been so much worse.
Speaker 1: Thank god it wasn't. Oh yeah yeah. Indeed, a brave
Speaker 1: security guard there sacrificed his life to save the people
Speaker 1: behind him. Let's see, there's that absolutely classic story of
Speaker 1: a public employee union gone wild. The Long Island commuter
Speaker 1: line there in New York. We don't talk about a
Speaker 1: lot of New York public transit, but it's brought to
Speaker 1: you know, like a quarter million riders to their knees.
Speaker 1: These people already make a tremendous amount of money, but
Speaker 1: the Union is on both sides of the bargaining table,
Speaker 1: as it often is in Blue states. Average national price
Speaker 1: National average price gasoline is up fifty six percent since February.
Speaker 1: That's a lot from two to eighty nine average to
Speaker 1: four fifty two average. I understand. I hate it every
Speaker 1: time I fill up with gas. Actually, I hate it
Speaker 1: any time I buy anything. It's still shocking to me.
Speaker 1: What it costs to the grocery store, what it costs
Speaker 1: that urban eats Jack s urbanites last night for Henry
Speaker 1: and I'd eat there. Just ridiculous. But do the math
Speaker 1: on your gas. I've been saying this long before the roar.
Speaker 1: I've been saying this for decades. People don't do the
Speaker 1: math on their gas before they freak out. How much
Speaker 1: do you drive? Start there? How many miles do you drive?
Speaker 1: Then figure out your mileage, figure out what it's actually
Speaker 1: costing you before you, like, change your travel plans. I
Speaker 1: was reading about all the people changing the Memorial travel plans.
Speaker 1: That's too silly. How far are you planning to drive?
Speaker 1: I mean, do the math if you're driving a couple
Speaker 1: hundred miles and you get twenty to twenty five miles. Again,
Speaker 1: you're talking like an extra four bucks each way or something.
Speaker 1: Don't change your weekend plan over that. All right, it's
Speaker 1: a cup of coffee. We're driving a barrel Alaska. Anyway.
Speaker 1: Let's see cubas denying reports a stockpiling weapons. But the
Speaker 1: war drums are beating looking at Cuba as well. Oakland
Speaker 1: Jerry tossed Elon Musk's lawsuit against Open AI and more
Speaker 1: stuff to come, including cost of living super great analysis
Speaker 1: of that. Why it feels like we're also squeezed right now? Yeah,
Speaker 1: it feels that way. It certainly feels that way. Camore
Speaker 1: on the way, Armstrong and Getty. Hey, so the Instagram
Speaker 1: launched a news snapchat like feature called Instance that allows
Speaker 1: users to send disappearing photos. Please just say nudes. That's
Speaker 1: a good point. What else are you saying that sending
Speaker 1: ever that needs to disappear. Here's my kid on his
Speaker 1: new bike. Gotta have it disappear within thirty seconds or
Speaker 1: anybody see. I don't want to hanging around out there
Speaker 1: on the internet. Yeah, that's great. Uh, we have I
Speaker 1: think breaking news I can't find it, though, where is
Speaker 1: that coming from? Okay, hold on, this is worth getting
Speaker 1: to think me tease something America is increasingly saying Ai booh.
Speaker 1: The anti AI backlash has begun in earnest. Now back
Speaker 1: to Jack searching for breaking news. Iran has submitted their
Speaker 1: new proposal. So Trump threatened obliteration again. Then late yesterday
Speaker 1: put out a long truth social post that was both
Speaker 1: a threat and a pause. If you're not following through
Speaker 1: in this, we remain ready to obliterate you. All right.
Speaker 1: Don't get all boyse guy on me, but I've been
Speaker 1: told by three different Arab countries to hold off because
Speaker 1: we're close to a deal. Iran has submitted their new
Speaker 1: proposal to the United States to end the war. The
Speaker 1: terms include five demands US troops leaving areas close to Iran.
Speaker 1: That's probably okay, maybe, the US paying war reparations, and
Speaker 1: end of I don't need to read the rest lifting
Speaker 1: sanctions on Iran, releasing Iran's frozen assets, and ending the
Speaker 1: US blockade. Okay, well, I would like to quote one
Speaker 1: of the great thinkers of our time. I say again,
Speaker 1: putting in there paying war reparations is just like whizzing
Speaker 1: on you or something. Yeah, I mean it's like flipping
Speaker 1: you off. Hey, here's my new proposal. Or back in
Speaker 1: the day, you might have been ditting you back and
Speaker 1: dropping your pants, a delightful tradition known as mooning. Yes,
Speaker 1: that is exactly what that is. It's verbal mooning. Here's
Speaker 1: my new proposal.
Speaker 2: Like that.
Speaker 1: You want to sign on to this? Right there? Always folks,
Speaker 1: he's been over and waggon it to illustrate in the studio, shocking.
Speaker 1: Don't ever do that again. Yeah, Michael, I join you
Speaker 1: in that request. All right, So coming up the excuse me,
Speaker 1: the backlash against Ai. But first, absolutely love Roland Fryar.
Speaker 1: Do you know Roland. He's a young ish gosh, I'm
Speaker 1: thirty something maybe forty year old black man, not that
Speaker 1: that matters, but you might recognize him. He's an economist.
Speaker 1: He's just a shaker upper of conventional wisdom. And he's
Speaker 1: a professor at Harvard, founder of Equal Opportunity Ventures, senior
Speaker 1: fellow at the Manhattan Institute. He's a realist and a
Speaker 1: conservative anyway, So he's doing this analysis of why everything
Speaker 1: feels more expensive in the Wall Street Journal, and it's
Speaker 1: of course Jack of course, because it's more expensive than
Speaker 1: did I ruin its thanks for nothing. Of course it
Speaker 1: is adjusted foreignflation, because anything that's not is so stupid
Speaker 1: you ought to hold whoever wrote it in whatever analysis
Speaker 1: in a low low esteem. So he points out, well,
Speaker 1: he starts with the inevitable specific person, which we'll skip over.
Speaker 1: But recent CBS news you go of Pohl found that
Speaker 1: eighty three percent of Americans say it's harder to buy
Speaker 1: a home than it was for previous generations, and seventy
Speaker 1: seven percent say it's harder to raise family financially. They
Speaker 1: are not wrong, but the explanation is more complicated than
Speaker 1: either side's populists admit. So let's start with family income
Speaker 1: since nineteen seventy five, and again all adjusted for inflation.
Speaker 1: I'm skeptical of this, so I look forward to hearing
Speaker 1: these numbers because I'm thinking, on my mom and dad
Speaker 1: were raising us, and they bought their first house at
Speaker 1: like eighteen percent interest in blah blah blah, skipend kidding.
Speaker 1: Since nineteen seventy five, median family income has risen by
Speaker 1: more than half, from about sixty eight thousand to one
Speaker 1: hundred and six thousand in inflation adjusted terms. Wow, a
Speaker 1: gain of roughly thirty eight thousand dollars a year. You
Speaker 1: never hear that now that's family income. But much of
Speaker 1: the difference comes from one of the most important social
Speaker 1: shifts of the past half century. Labor force participation among
Speaker 1: married mothers rose from about forty five percent in the
Speaker 1: mid seventies. I'm actually slightly surprised it was that I
Speaker 1: from forty five percent to seventy two percent last year.
Speaker 1: But for families with young children, much of that thirty
Speaker 1: eight thousand dollars gain is spoken for for it ever
Speaker 1: hits the bank account to it. A year's worth of
Speaker 1: mortgage payments adjusted for inflation, has risen from about sixteen
Speaker 1: thousand dollars in nineteen seventy five to twenty five thousand
Speaker 1: dollars last year, or so, an increase of nine thousand dollars.
Speaker 1: So there goes nine of that thirty eight thousand dollars.
Speaker 1: Workers now contribute about seven thousand dollars a year in
Speaker 1: premiums for family health insurance, roughly double the real cost
Speaker 1: back in nineteen ninety nine. Don't go back to seventy
Speaker 1: five double from feels like it's double from not that
Speaker 1: long ago. Amen to that brother. Full day Full day
Speaker 1: daycare for a single child typically runs sixty five hundred
Speaker 1: to fifteen to five depending on age and location, a
Speaker 1: cost most family in the nineteen seventies didn't occur at all,
Speaker 1: incur at all. Added up in these three expenses absorbed
Speaker 1: most of the thirty eight thousand dollars gain, leaving many families,
Speaker 1: especially those young children or in high cost cities, with
Speaker 1: roughly the same disposable income their parents had despite earning more.
Speaker 1: Would you like now, Jack, because this is your wheelhouse
Speaker 1: to get into the much larger houses. Yeah, more cars,
Speaker 1: more lavish lifestyles. I was thinking about that when you
Speaker 1: said the house well of Kate. Maybe your more edger
Speaker 1: payment is higher, But are you living in twice the
Speaker 1: size house as the previous generations. We lived in a
Speaker 1: very small house, yeah, as did we. Yeah, my kids
Speaker 1: grew up in a very small house until we started
Speaker 1: to make a little money, and then it got substantially larger.
Speaker 1: So it's just a priority these days in a way
Speaker 1: it wasn't back in the day when most of the
Speaker 1: housing was built post WW two for servicemen and their families,
Speaker 1: and it was all about the It wasn't about your
Speaker 1: palatial home, and I'm not judging a heavy, large home,
Speaker 1: but it was about your backyard barbecue with all your neighbors,
Speaker 1: and being at the park in the ball field and
Speaker 1: in lawn chairs on your front lawn, you know, just
Speaker 1: or at the bowling alley or at the civic organization
Speaker 1: or whatever. It reminds me of articles I've read about
Speaker 1: urban dwellers who have the little studio apartment like in
Speaker 1: New York, and they say, well, I don't really spend
Speaker 1: much time here. I shower here, I sleep here, maybe
Speaker 1: I have a meal here. Joy. When I was childless, Yeah,
Speaker 1: where I lived didn't make any difference. I was only
Speaker 1: going there to shower and change clothes. Well, I wish
Speaker 1: this would just be recognized more. We can still have
Speaker 1: conversations about things being more expensive or whatever. What it
Speaker 1: costs to eat out has quadrupled since the seventies. Here's
Speaker 1: the big difference. We a out twice a year when
Speaker 1: I was a kid like then. That's not much of
Speaker 1: an exaggeration. So what it costs to eat out was
Speaker 1: really kind of irrelevant, given the fact that we never
Speaker 1: did well. More on this to come. Some more interesting figures.
Speaker 1: But first, perhaps you are able to save more than
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Speaker 1: trust indwill dot com slash Armstrong. So back to Roland
Speaker 1: Fryar analyzing cost of living, he says the culprit is structural,
Speaker 1: not political. Economists call it Boo Mol's cost disease. Be
Speaker 1: a UML. I didn't run into that. I've never heard
Speaker 1: this before. Maybe old Bowemel hadn't spit out his theory
Speaker 1: yet when I was in school. Productivity gains tend to
Speaker 1: concentrate in goods, cars, clothing, television's food as technology steadily
Speaker 1: drives prices down, But many services, like teaching a kindergarten class,
Speaker 1: change little over time. As incomes rise, wages must rise
Speaker 1: across the board, Otherwise employees leave for higher paying sectors.
Speaker 1: Labor intensive services grow more expensive not because something went wrong,
Speaker 1: but because everything else becomes more productive. Before indicting the economy,
Speaker 1: consider what fifty years of growth actually delivered. The car
Speaker 1: in your driveway is far less likely to kill you
Speaker 1: than it's nineteen seventy five counterpart, And he goes into
Speaker 1: the enormous fallen traffic fatalities in the last fifty years.
Speaker 1: The average American reaching sixty five today can expect to
Speaker 1: live three point six more years than in nineteen seventy five.
Speaker 1: The air is eighty percent cleaner, the access to search engines, email,
Speaker 1: and digital maps that have a huge value in time
Speaker 1: and ease, and blah blah blah. You don't have to
Speaker 1: switch shows, you don't have to listen to disco. It's
Speaker 1: a good point too. Nineteen seventy five middle class family
Speaker 1: may have had more cash left at the end of
Speaker 1: the month, but they also faced higher risks of violent crime,
Speaker 1: breathe dirty or air, and waited for everything evening news
Speaker 1: to learn what was happening in the world. That was better. Role, Yes,
Speaker 1: now that was better, and that depends a way you live.
Speaker 1: I didn't grow up anywhere where we had any violent
Speaker 1: crime ever, so yeah, yeah. So one more bit of analysis. So, why,
Speaker 1: given small, similar discretionary income in a much better world,
Speaker 1: does the middle fast class feel squeeze? The answer lizing
Speaker 1: what the numbers miss slack. When a larger share of
Speaker 1: income is committed to fix costs, even similar disposable income
Speaker 1: feels more constrained. For many families. That means the reserve
Speaker 1: is gone. In nineteen seventy five, a second income often
Speaker 1: SATIN reserve. A non working parent who could enter the
Speaker 1: labor force if needed. Today most parents already work. That
Speaker 1: means one job loss, one medical crisis, one divorce, and
Speaker 1: the entire structure comes under pressure because you don't have
Speaker 1: that pinch hitter sitting in. They're getting loose in the bullpen.
Speaker 1: A Chrushian pinch hitters don't get loose in the bullpen.
Speaker 1: Your pitchers do. Tortured metaphor takes a terrible, terrible beating,
Speaker 1: let's see. And then he gets into geography and expensive
Speaker 1: cities and that sort of thing. I I wonder how
Speaker 1: many of your major economic rules laws axioms get completely
Speaker 1: blown up by AI. No longer are at work because
Speaker 1: of AI when it takes over. I have no idea how,
Speaker 1: but a lot of them. You're blowing my mind. Oh,
Speaker 1: you know, it's funny. He then he goes into a
Speaker 1: mental exercise. Should take a break about the antidote psychologists
Speaker 1: prescribe as mental subtraction. Deliberately imagine life without what you
Speaker 1: take for granted. Try it with nineteen seventy five, no
Speaker 1: air bags, much harder risk of being robbed. Three television
Speaker 1: networks we've added to blah blah blah. You know it's
Speaker 1: funny that I saw air bags and thought air conditioning.
Speaker 1: I grew up in Chicago Land, where the summers were
Speaker 1: absolutely sweltering, and my parents had no air conditioning until
Speaker 1: several years after I moved out of the house, as
Speaker 1: my soft, soft little brother enjoyed the slightly higher family affluence.
Speaker 1: Or if you had air conditioning, Jimmy Carter wouldn't let
Speaker 1: you run it. So yeah, yeah, besweated bastard well, So
Speaker 1: how much lower were my parents' energy bills adjusted for
Speaker 1: inflation than mine? Right now? Right now? Kiddingh god, we
Speaker 1: were miserable. I was miserable. Just I don't remember many hot,
Speaker 1: hot nights, and my kids have never had a hot night.
Speaker 1: I don't think. Oh yeah, we would run this big
Speaker 1: fan in our bedroom. My brother and I shared a bedroom,
Speaker 1: trying to pull sawmair through the house, right, and we
Speaker 1: went out to hot humid air in the house and
Speaker 1: suck it in, some nice, fresh, hot humid air. And
Speaker 1: you're late to replace laying on top of the sheets
Speaker 1: and just your underwear, just uh yeah, drip and sweat.
Speaker 1: Good times, mail bag next there. I'm actually a little
Speaker 1: disappointed that CBS featured it last night, because we featured
Speaker 1: it on the One More Thing podcast yesterday. Eric Church
Speaker 1: Country Stars graduation speech at the University of North Carolina
Speaker 1: last week has gone viral, and it should have. It's
Speaker 1: really quite amazing. We played a little bit of it
Speaker 1: on the One More Thing podcast. We're going to play
Speaker 1: a little bit of it for you on this radio
Speaker 1: show today because it's it's really quite good. It's brilliant.
Speaker 1: If it does not lift your spirits and then move
Speaker 1: your heart, you should hurl yourself off a cliff. So
Speaker 1: stay with us. A good suggestion. Yeah, here's your freedom
Speaker 1: loving quote of the day. I was feeling very pessimistic
Speaker 1: this morning, so I decided that I would look for
Speaker 1: optimistic quotes. Well, we'll go with a pair here from
Speaker 1: Helen Keller. First, optimism is the faith that leads to achievement.
Speaker 1: Nothing can be done without hope and confidence. Or Oscar
Speaker 1: Wilde a bit wittier take. The optimist sees the donut,
Speaker 1: the pessimist sees the whole. You gotta like Oscar Wilde. Oh,
Speaker 1: I do like Oscar Wilde mailbag and he looks like
Speaker 1: you because of my wit, because of my wood smith y.
Speaker 1: Let's see drops note mail bag at armstrung and getty
Speaker 1: dot Com. We're gonna move through these fairly quickly. Well
Speaker 1: be self explanatory, Kevin writes, Jens voted for Trump three
Speaker 1: times after the Terrif fiasco and now is absolutely embarrassing
Speaker 1: performance in Iran. I'm all for democrat let impeachment removal
Speaker 1: of Donald Trump. He was the best option of the time,
Speaker 1: but he's actively doing a reparable damage to the country
Speaker 1: on the world stage. Any deterns that we had as
Speaker 1: a country may be absolutely shattered. Additionally, he's placing my
Speaker 1: navy brothers and sisters at huge risk by giving I
Speaker 1: Ran so much time to regroup he has to go.
Speaker 1: I'm nice, says I'll never forgive boomers for what they've
Speaker 1: done to this country in our future. That's true. I'm
Speaker 1: not there yet on the warn Iran, but i could
Speaker 1: get there than this from Ryan in Houston. Dear cold
Speaker 1: Warrior and old fancy Jack. If the number of Trumpers
Speaker 1: and Democrats really wanted to get a Trump, they shouldn't
Speaker 1: have gone the Hitler route, but the Krusty, the Crown,
Speaker 1: the clown route. Donald Trump is willing to slap his
Speaker 1: name on anything, just like Krusty the clown. Also Donald
Speaker 1: the clown, Trusty the Trump or even Trump the clown works.
Speaker 1: It is the Trump phones are very crusty. The crown
Speaker 1: clown like, yes, the list is long. Oh that's fuddy
Speaker 1: hey hey, yeah, put his name on anything, then a
Speaker 1: little more criticism. Then we'll move on. Rob right. Oh,
Speaker 1: on the question of Taiwan and whether it's a bargaining chip, Guys,
Speaker 1: the day China hits Taiwan, the Taiwanese blow the tsmc
Speaker 1: fabs that produce ninety five percent plus of the advanced
Speaker 1: chips that ai volume processing is dependent on in the world.
Speaker 1: Number two, they'll round up all the key Taiwanese engineers,
Speaker 1: the brain trust that are the key contributors to chip production, operations,
Speaker 1: processes for safe keeping, and they will be placed at
Speaker 1: or near the front lines the global stock market crashes,
Speaker 1: eliminating up to seventy five percent of the American people's
Speaker 1: retirement wealth. We cannot allow this to happen. At a minimum,
Speaker 1: strong thoughtful words must be communicated to chairman. She Unfortunately,
Speaker 1: our president isn't president isn't capable of this. Rob the
Speaker 1: Marine Yeah, well, and I swear I'm not just trying
Speaker 1: to come up with a way to support Trump on this,
Speaker 1: but oh, go ahead. Any argument that can't stand up
Speaker 1: to counter arguments, bad one. What strong pushback was Biden
Speaker 1: or Obama really giving to the Chinese about taking Taiwan?
Speaker 1: Or woul Kamala Harry or I just I My belief is,
Speaker 1: I don't think we've had a president in the last
Speaker 1: four presidents that would have stopped China from tay in Taiwan. Michael,
Speaker 1: I heard Jack say, what strong pushback did you hear
Speaker 1: from Biden? And you just stand there looking at the
Speaker 1: computer screen. Come on, now about a hat a caf
Speaker 1: care I had another strategic ambiguity. I know this point.
Speaker 1: Josh Rogan Washington Post, who we really like? We're going
Speaker 1: to talk about this topic with him an hour three? Yeah, excellent.
Speaker 1: Let's me move along along. How about this from the
Speaker 1: fabulous JT and Livermore, Only thirty percent of the country
Speaker 1: supports the Iran war. Feels like you're still judging these
Speaker 1: things as if it's twenty fourteen. A lot has changed
Speaker 1: since then. Back then, thirty percent support for righteous foreign
Speaker 1: war would be assigned a disaster. But that was before
Speaker 1: Trump came along and the Democratic Party went insane. That
Speaker 1: was when politics stopped at the water's edge. That was
Speaker 1: a time before the DEM Party decided it was more
Speaker 1: than fine that a senile idiot remained in the White House.
Speaker 1: It was a time before the DEM Party decided it
Speaker 1: was okay with harming children physically and intellectually, trans surgery
Speaker 1: and closing schools back up to its neck in anti
Speaker 1: semits hate America with every fiber of its political being.
Speaker 1: Back then, the news media complex wasn't all in his
Speaker 1: activists for the far left progressive wing of the DEMN Party.
Speaker 1: In short. Back then, if we attack the world's leading
Speaker 1: state sponsor of terror in order to bring them to heal,
Speaker 1: both parties would have supported the move. How do I know,
Speaker 1: because every president going back at generation has said and
Speaker 1: pledged the same thing. Iran cannot be allowed to have
Speaker 1: a nuclear bomb. Yeah, they didn't mean it. They weren't
Speaker 1: going to do anything about it. See that's the one
Speaker 1: thing where it keeps me optimistic about the war of
Speaker 1: the Ran. Trump as recently as yesterday said one thing,
Speaker 1: they are not going to get a nuclear weapon. I
Speaker 1: think he means that if he backs off that and
Speaker 1: agrees to some sort of weak thing like the JCPOA
Speaker 1: that Obama had, where they can keep getting then I
Speaker 1: will be completely against his But so far he seems
Speaker 1: to be serious about they're not getting a nuclear weapon.
Speaker 1: That's a good bottom line right there. I agree, and
Speaker 1: JT finishes the big But now the bigfoot Bigfoot media
Speaker 1: spends all day and all night denigrating Trump and Trump's
Speaker 1: effort to follows through on the promises that at least
Speaker 1: the last five presidents have promised but didn't do anything about.
Speaker 1: So it's modern times more than an accurate measure of approval.
Speaker 1: It's easy to say you're not allowed to get a
Speaker 1: nuclear weapon. It's harder to actually do anything to stop
Speaker 1: them from getting the nuclear weapon. Oh, the worst thing
Speaker 1: in the world is the big talker who has no
Speaker 1: intention of following through. I wish the American people and
Speaker 1: the world realized what a bad thing that would be
Speaker 1: if I ran at a nuke. Anyway, if you missed
Speaker 1: a segment of the podcast Armstrong and Getty on demand,
Speaker 1: Armstrong and Getty