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Speaker 1: Broadcasting live from the Abraham Lincoln Radio Studio, the George

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Speaker 1: Washington Broadcast Center, Jack Armstrong and Joe Ketty.

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Speaker 2: Arm Strong and Getty and now he Armstrong and Edy.

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Speaker 3: After the extraordinary events in Venezuela and yet more incendiary

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Speaker 3: remarks about Greenland, the Danish Prime Minister has appeared on

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Speaker 3: national television saying she had already quote made it very

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Speaker 3: clear where the Kingdom of Denmark stands, and that Greenland

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Speaker 3: has repeatedly said that it doesn't want to be part

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Speaker 3: of the United States. She also warned of the consequences

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Speaker 3: of US military action to seize Greenland.

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Speaker 2: How is this actually a conversation? What we're about to

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Speaker 2: get into it a little bit more so? I was

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Speaker 2: looking up at CBS News just now, and our friend

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Speaker 2: of the show, Ian Bremer is on there to talk

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Speaker 2: about his risks of the year. Ah, right, we're chatting

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Speaker 2: with him soon. Yeah, we're going to record a podcast

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Speaker 2: with him tomorrow going through the risks of the year.

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Speaker 2: But I was following I Bremer over the weekend on

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Speaker 2: his Twitter feed and he said, this whole Greenland thing

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Speaker 2: is not a joke. Trump is serious. You're better pay attention. Blah.

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Speaker 2: Blah blah, and I thought, wow, really And that was

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Speaker 2: over the weekend. And then so Stephen Miller. What is

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Speaker 2: Stephen Miller officially? Is he just an advisor? Is he?

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Speaker 1: Yeah, he's I think he's got a title. I can't

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Speaker 1: remember what it is, Chief Advisor.

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Speaker 2: Or something like that. Anyway, he was on with Jake

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Speaker 2: Tapper on CNN yesterday and they got into the Greenland conversation.

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Speaker 2: Here's how it went.

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Speaker 4: Can you rule out that the US is as ever

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Speaker 4: going to try to take Greenland by force?

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Speaker 5: Well, let me go back a step. The President has

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Speaker 5: been clear for months now, so I know you're treating

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Speaker 5: this as breaking news. The President has been clear for

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Speaker 5: a month now that the United States should be the

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Speaker 5: nation that had Greenland is part of our overall security apparatus.

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Speaker 4: But your wife posted that like hours after the Venezuela operation.

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Speaker 4: But that's why it's newly relevant.

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Speaker 5: No, and I'll talk with you about it for an hour.

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Speaker 5: I think it's really important conversation up. I just wanted

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Speaker 5: to reset Jake by making clear that it has been

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Speaker 5: the formal position of the US government since the beginning

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Speaker 5: of this administration. Frankly, going back into the previous Trump

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Speaker 5: administration that Greenland should be part of the United Types.

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Speaker 5: The President has been very clear about that. That is

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Speaker 5: the formal position of the US government.

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Speaker 2: Okay, so you start by not saying no to the

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Speaker 2: question of are you actually going to take Greenland?

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Speaker 4: He continues, Right, but can you say that military action

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Speaker 4: against Greenland is off the table?

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Speaker 5: It's gonna be in a military action against Greenland. The

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Speaker 5: Greenland has a population of thirty thousand people, Jake, the

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Speaker 5: real question is about what right does Denmark is certain

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Speaker 5: control over Greenland? What is the basis of their territorial claim?

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Speaker 5: What is their basis that having Greenland as a colony

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Speaker 5: of Denmark the United.

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Speaker 2: States is the power of NATO.

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Speaker 5: For the United States to secure the Arctic region, to

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Speaker 5: protect and defend NATO and NATO interests. Obviously, Greenland should

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Speaker 5: be part of the United States. And that's a conversation

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Speaker 5: that we're going to have as a country. That's a

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Speaker 5: process we're going to have as a as a new

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Speaker 5: community of nation.

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Speaker 1: For the record, I agree with much of the substance

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Speaker 1: of what he's saying. But what bothers me sometimes is

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Speaker 1: that Trump and comp tend to treat allies the same

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Speaker 1: as adversaries with the same negotiating style the whole We're

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Speaker 1: not going to take military action off the table. You're

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Speaker 1: talking about a NATO ally. You say, no, of course,

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Speaker 1: we're not going to use military action against our ally.

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Speaker 1: It's just it's it reminds me of some bad cops

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Speaker 1: who I've seen and a lot of us have dealt with.

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Speaker 1: These good cops are great, They're fantas tastic in their heroes.

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Speaker 1: Bad cops have the opportunity to not be a hard ass,

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Speaker 1: but there's still a hard ass because they like it right,

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Speaker 1: Like a TSA agent I was going to talk about

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Speaker 1: from my trip feel free and they escalate tension unnecessarily

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Speaker 1: because I'm all about effectiveness, not I don't give a

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Speaker 1: damn about trading on somebody's toes.

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Speaker 2: It's about effectiveness. Yeah, So what's the part that you

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Speaker 2: do agree with in theory though, that it should be

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Speaker 2: part of the United States? And why does the Danish

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Speaker 2: get to have control of it.

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Speaker 1: It's untenable that the United States has to say to Denmark,

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Speaker 1: can we please use Greenland to defend the Western world

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Speaker 1: against the Russians and the Chinese.

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Speaker 2: It's your lands.

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Speaker 1: So even though it's incredibly strategically important. Can we please

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Speaker 1: maybe put a couple more planes there? That's just it's untenable,

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Speaker 1: it's stupid. The problem is you can is My sainted

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Speaker 1: grandmother used to say, on my mom's side, you can

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Speaker 1: draw them or flies with sugar than vinegar or honey

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Speaker 1: than vinegar.

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Speaker 2: Well, then let's get a little more vinegar from Stephen Miller.

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Speaker 2: With just thirty more seconds of this conversation, maybe we

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Speaker 2: can clean our microwaves with it. Yes, So you can't.

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Speaker 4: Take it off the table that the US would use

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Speaker 4: military force to seize Greenland.

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Speaker 5: You can, Jake, I just said, you're trying very hard

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Speaker 5: to which, which again is your job.

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Speaker 2: I respect.

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Speaker 5: It is great to get exactly the headline right that

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Speaker 5: catch you headlines answer that says that says Miller refuses

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Speaker 5: to rule out the United States should have Greenland as

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Speaker 5: part of the United States. There's no need to even

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Speaker 5: think or talk about this in the context that you're

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Speaker 5: asking of a military operation. Nobody's going to fight the

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Speaker 5: United States militarily over the future of Greenland's one last question.

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Speaker 1: Ste So you know I suggested earlier that Stephen Miller

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Speaker 1: could slipped comfortably into an SS uniform, and I.

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Speaker 2: Should not have said that.

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Speaker 1: I retract that it was an effort at humor, It

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Speaker 1: was ill considered, ill conceived that I apologize sorry you

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Speaker 1: were saying something.

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Speaker 2: Because that was a perfectly reasonable answer. And he was

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Speaker 2: absolutely right about Jake Tapper that phony. But they're both right. Uh,

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Speaker 2: why won't Stephen Miller just say no, like you were saying?

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Speaker 2: Trump never takes stuff off the table.

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Speaker 1: Well, yeah, but that gets back to my treating allies

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Speaker 1: and adversaries different.

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Speaker 2: Do you think there's anything wrong with taking it off

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Speaker 2: the table? No need military action against an ally. Hey,

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Speaker 2: by the way, private to Jake Tapper, Hey, Jake, did

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Speaker 2: you hear Joe Biden was senile? Oh well, we got

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Speaker 2: to talk about that later because I was hanging around

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Speaker 2: some people of the left. The Trump has got dementia

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Speaker 2: thing is the story of the left right now. Just

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Speaker 2: it's so obvious every day he's got dementia. Oh, you've

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Speaker 2: got to be kidding. But anyway, I don't want to

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Speaker 2: get sidetracked on that while we're talking about Greenland. So, uh,

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Speaker 2: how about that though there at the end with Steven

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Speaker 2: Miller basically saying NATO is not gonna fight us over Greenland.

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Speaker 2: So basically, we could use the military to take Greenland

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Speaker 2: with the idea that because we're the big dog in NATO,

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Speaker 2: and that would just be too disruptive to the world. No, France,

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Speaker 2: in Germany and Great Britain aren't going to break with

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Speaker 2: us and go to war with US over Greenland. President

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Speaker 2: Joe Getty would approach this differently. I would be talking

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Speaker 2: to the Danes and the leaders of Greenland, which again

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Speaker 2: is like I menam sized town in Iowa, and you'd

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Speaker 2: say to the leader of Greenland, did you see what

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Speaker 2: happened with Maduro? Do you want to help? No?

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Speaker 1: No, no, my spokesman is out of line.

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Speaker 2: We'll have to have a word off the air.

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Speaker 6: No.

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Speaker 2: What I would say, I would.

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Speaker 1: Make it clear that look, we NATO, which honestly means

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Speaker 1: the United States need full, free access to Greenland in

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Speaker 1: whatever way is necessary to protect ourselves in the Western world.

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Speaker 1: It's of incredible strategic importance. But we have no desire

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Speaker 1: to trample on your dignity or or act the bully.

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Speaker 1: But understand me, this is not negotiable. We need to

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Speaker 1: get to a result that includes that how can we

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Speaker 1: help you get there and do it behind the scenes.

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Speaker 1: And if you don't get cooperation, then maybe you adjust

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Speaker 1: your sales a little bit. But what the interesting part

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Speaker 1: of what Miller said, And this might be a negotiating stance,

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Speaker 1: but again, this is trading your.

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Speaker 2: Allies like adversaries.

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Speaker 1: He said, Greenland needs to be part of the United States,

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Speaker 1: a protector at a territory. He did not say we

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Speaker 1: need free, unfettered access to Greenland as a bulwark of defense.

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Speaker 2: It needs to be part of the US. So they

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Speaker 2: should be GWAM.

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Speaker 1: Yeah, yeah, essentially, yes, a very large, icy GWAM.

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Speaker 2: And you said, if that doesn't work, we'll have to

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Speaker 2: adjust our sales, and adjust our sales means apache helicopters.

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Speaker 2: And you're in a blindfold and feet cuffs and your

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Speaker 2: riding back to Brooklyn, and like Medora himself, you're thinking,

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Speaker 2: damn it, I should have taken that deal. I can

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Speaker 2: see why if I if I live in Greenland and

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Speaker 2: we are, well, are they what is their relationship with

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Speaker 2: the Danes? I'm sorry, who's the Greenland? Yeah? Oh, they're

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Speaker 2: essentially a protector of Denmark. Well, okay, so you're not

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Speaker 2: You're not fully independent now, so wouldn't you rather be

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Speaker 2: part of the United States in terms of getting to

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Speaker 2: live your cool Greenland lifestyle forever versus part of a

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Speaker 2: tiny little country that can't protect you against China or Russia,

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Speaker 2: which brings us back to honey and vinegar. They are

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Speaker 2: essentially in the same way that you, I, or anybody.

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Speaker 2: If somebody tried to bully me into playing golf this afternoon,

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Speaker 2: I would say f you, even if my inclination was

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Speaker 2: to play golf, or I was at least open to

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Speaker 2: the idea of it. I don't take well to bullying, right,

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Speaker 2: I just don't don't be that bad cop unless you

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Speaker 2: absolutely need to. But anyway, I do agree again on

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Speaker 2: the substance Screenland's of incredibly important strategic well importance. That's

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Speaker 2: some good writing there. There's also the whole Overton window

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Speaker 2: thing that Trump seems to get better than people realize.

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Speaker 2: Just you just you move the conversation over here, and

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Speaker 2: then you can come up short of that and it

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Speaker 2: seems like a relief. But without having gone so far

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Speaker 2: in the first place, it might have seemed belligerent.

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Speaker 1: Yeah, I just I don't like that as a negotiating style.

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Speaker 1: Again with friends, But I've made that clear.

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Speaker 7: Isn't Canada next to Greenland, It's not far from US.

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Speaker 7: I was just thinking we could take both states.

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Speaker 2: Wow.

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Speaker 1: Wow, Michaelangelo making trumpets like a moderate. Yeah, now you're

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Speaker 1: a you're a colonial settler, colonialist like I heard about

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Speaker 1: in college.

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Speaker 2: Michael, you're a monster. Some of those other like Central

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Speaker 2: America countries or South American countries that Trump was mentioning.

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Speaker 2: He said the other day Columbia is a mess. They're

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Speaker 2: a disaster. I can see this sort of thing happening.

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Speaker 2: Or Cuba, certain c Cuba has been on our radar forever,

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Speaker 2: one hundred percent.

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Speaker 1: Yeah, And I'm not I don't think I'm contradicting myself.

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Speaker 1: It's just a matter of how you get there. But

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Speaker 1: during the post WW two era, when we stood astride

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Speaker 1: the globe like the Loane Colossus, because we were the

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Speaker 1: Loan Closses.

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Speaker 2: We.

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Speaker 1: In foreign policy, in trade, in society developed all these

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Speaker 1: attitudes about this is the way the world is. And

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Speaker 1: that was a very unique, very special, weird time in

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Speaker 1: human history. And now we're much closer to the mean

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Speaker 1: in terms of you know, international relations. We need not

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Speaker 1: have communists strongholds ninety miles off Florida or right across

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Speaker 1: the Gulf of America in Venezuela.

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Speaker 2: It's insane.

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Speaker 1: We've got a giant land mass that China rush has

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Speaker 1: got to sail straight by if they want to hurt us.

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Speaker 2: I think we need to own that has.

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Speaker 1: Been the reality of the entire history of mankind, except

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Speaker 1: for that blip of we're so powerful, nobody will challenge us.

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Speaker 1: The un kind of does stuff and so we don't

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Speaker 1: have to be a hard ass anymore. Hey, wake up

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Speaker 1: from your dream world, America. The reality's back.

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Speaker 2: Big changes at CBS News since Barry Weiss took over.

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Speaker 2: I'm pretty excited about this if you don't know about it,

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Speaker 2: among other things, on the waste to hear.

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Speaker 6: All right to other news, as you just heard from

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Speaker 6: Jill to other news.

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Speaker 2: Now to Governor Walls.

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Speaker 6: No, we're gonna do Mark Kelly first day, first day,

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Speaker 6: big problems. Here are we going to Kelly? Here are

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Speaker 6: we going to go into jonah kaplan? Hell boy, we're

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Speaker 6: doing Mark Kelly possibly demoted from his retired rank of captain.

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Speaker 2: In the navy. Wow, that's disappointing. I'm sure they'll get

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Speaker 2: that fixed. But that was night one of the new

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Speaker 2: CBS Evening News, and more importantly than that that they've

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Speaker 2: got a new anchor and all that sort of stuff

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Speaker 2: is they've been running promos for the last week. This

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Speaker 2: is all with Barry Weiss taking over that they're going

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Speaker 2: to change their whole strategy around CBS News and the

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Speaker 2: new anchor or CBS News tweeted out yesterday and this

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Speaker 2: has been in their promos on too many stories. The

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Speaker 2: press has missed the story because we've taken into account

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Speaker 2: the perspective of the advocates and not the average American,

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Speaker 2: or we put too much weight in the analysis of

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Speaker 2: academics or elites and not enough on you. That changes

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Speaker 2: now the new CBS Evening News. And then unfortunately they

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Speaker 2: had those those hiccups on the beginning show.

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Speaker 1: But was Tony Dakoppel, who was the guy who did

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Speaker 1: such a great job pushing back against the now completely

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Speaker 1: discredited con and Ibra mex Candy And remember for pushing

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Speaker 1: back on Candy, da Koppel was called a racist.

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Speaker 2: Was he suspended and everything?

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Speaker 1: It was absolutely ridiculous, But that will all that stumble. Well,

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Speaker 1: first of all, was he undermined by liberally good question?

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Speaker 2: Good question, Secondly, all that'll be forgotten. That's quite possible. Actually,

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Speaker 2: I'm more optimistic about news than i've been in quite

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Speaker 2: some time. Between Barry Weise and CBS and Washington Post

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Speaker 2: and what's his name, the billionaire jeff Besos born in

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Speaker 2: nineteen sixty four with jeff Bezos, Jeffrey Jeffrey Beze and

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Speaker 2: he's letting a whole bunch of people walk when they

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Speaker 2: are angry at his new take on the news and

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Speaker 2: everything like that. I'm happy to see that there's a

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Speaker 2: crowd out there that thinks not only is it important

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Speaker 2: and right, but that the there's a market for people

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Speaker 2: who want the truth. Freaking NPRT. They're endless promos for

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Speaker 2: people who still want the truth. Oh my god, that

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Speaker 2: rubs me the wrong way. Oh they're shameless.

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Speaker 1: Oh, the Corporation for Public Broadcasting is shutting down, so there.

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Speaker 2: Will be no more broadcasting. Whoops.

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Speaker 1: Now it'll just not be a taxpayer supported liberal outlet

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Speaker 1: out there.

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Speaker 2: Fine, good, any who's got you know that old school

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Speaker 2: traditional media, heritage media they call it, like Washington Post,

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Speaker 2: CBS battling against all the other things that are out there,

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Speaker 2: you know, Twitter feeds and snap chats and all the

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Speaker 2: different sorts of things, and Tucker Carlson, who's very, very huge,

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Speaker 2: We're gonna play a clip here. It doesn't matter who

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Speaker 2: the guest was, because it could be a fake historian,

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Speaker 2: or a fake religious leader, or a fake whatever that

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Speaker 2: Tucker Carlson's having the conversation about. But here's his take

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Speaker 2: on why we snatched Maduro.

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Speaker 8: We can safely discount democracy as a reason for affecting

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Speaker 8: regime change in Venezuela. We're not gonna go kill Nicholas

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Speaker 8: Maduro because we don't like the way he's try eating

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Speaker 8: his people. It's possible we're mad that he doesn't allow

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Speaker 8: gay marriage. That is a distinct possibility, but no one

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Speaker 8: will say that out loud, what not defending the regime,

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Speaker 8: just saying one of the most conservative countries in North

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Speaker 8: or South or Central America. Only El Salvador really comes close,

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Speaker 8: which is much smaller, of course. And by the way,

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Speaker 8: the US backed opposition leader who would take Maduro's place

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Speaker 8: if he were taken out, is of course pretty eager

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Speaker 8: to get gay marriage in Venezuela. So those of you

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Speaker 8: who thought this whole project was globalhomo not crazy, Actually,

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Speaker 8: why are.

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Speaker 2: We in stole this woman. It makes no sense.

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Speaker 8: Well, because she'll bring gay marriage to Venezuela. And that's

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Speaker 8: that's important. I mean, that's what we stand for. You've

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Speaker 8: got to be kidding me.

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Speaker 7: Wow.

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Speaker 1: I'm as skeptical, hostile towards gender bending madness as anybody.

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Speaker 2: And that's fruit loops. Wow. One of the more interesting

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Speaker 2: stories is what happened to Tucker Carlson. Is he a fraud?

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Speaker 2: Did he go crazy?

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Speaker 1: It's not that they're a warm, welcoming port for China

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Speaker 1: and Russia.

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Speaker 2: It's the gay thing. Huh. It's because we're trying to

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Speaker 2: get gay married going the way part wrong and Getty.

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Speaker 9: One of my students just happened to ask me, well,

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Speaker 9: how long would a twinkie last? And I said, well,

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Speaker 9: let's do an experiment. So I gave the student a

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Speaker 9: couple of dollars, asked the student to go down to

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Speaker 9: maryln Hinckley's and pick up a package of Twinkies. I

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Speaker 9: basically unripped the package, ate one of the twinkies, and

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Speaker 9: then put the other package up on the chalkboard. I

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Speaker 9: basically say, the twinkie has become much like me. It's older,

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Speaker 9: it's grayer, and it's more flaky, you know, but it's

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Speaker 9: become more brittle, so you can no longer take it.

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Speaker 9: And you know, you wouldn't want to whack it on

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Speaker 9: a table because you probably shatter the twinkie.

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Speaker 2: That's the guy that did the famous twinkie experiment is

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Speaker 2: now fifty years old. No normal food product would do that,

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Speaker 2: No natural of any kind food product would do that.

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Speaker 1: No, hey, honey, yeah, any interest in the shadder in

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Speaker 1: the twinkie sus like a euphemism, doesn't I.

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Speaker 2: Mean fifty years and a half a century, and apple

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Speaker 2: would decay to nothing, you know, or lots of things,

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Speaker 2: but there the twinkie stands. Yeah.

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Speaker 1: I was gonna craft myself a sandwich and realized, oh man,

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Speaker 1: we haven't brought bought bread since, like before the vacation

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Speaker 1: and all. And I go into the pantry loafs looking

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Speaker 1: pretty good, and I'm thinking.

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Speaker 2: That ain't natural. Yeah, I know, that's one of them,

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Speaker 2: thinking when I buy the healthier breads. Yeah, like two

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Speaker 2: days yeah, yeah. So, speaking of consumer issues, a handful

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Speaker 2: of stories. First of all, just briefly, and this deserves,

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Speaker 2: you know, pages and pages of the in depth coverage.

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Speaker 2: I suppose, but the attempt to rebuild the sights of

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Speaker 2: the terrible fires in the LA area is not going

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Speaker 2: well at all. Anybody in LA knows that, between the

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Speaker 2: logistics of it, the tape, the sheer numbers of people involved,

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Speaker 2: it's been incredibly slow and frustrating and angering. The Wall

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Speaker 2: Street Journal, oddly enough, with an article entitled a year

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Speaker 2: after Fires, LA's rocky recovery is shaped by wealth, insurance,

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Speaker 2: and red tape. And they keep coming back to the

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Speaker 2: idea that people with lots and lots of money seem

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Speaker 2: to be getting started rebuilding sooner because they don't have

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Speaker 2: to wait for insurance.

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Speaker 1: And that's not really fair. And I'm thinking, what the

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Speaker 1: hell o kidding? When in human history has it not

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Speaker 1: been kind of advantageous to have a hell of a

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Speaker 1: lot of money. But they've got so much cash they

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Speaker 1: can get started and then wait for the insurance money.

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Speaker 2: And that's inequitable. But that bothers you. So it'd be

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Speaker 2: better if they also couldn't build, then nobody could build.

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Speaker 1: That's equity. That is a brilliant example of equity. Wall

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Speaker 1: Street Journal. Be better than that, be smarter than that.

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Speaker 1: What has become of you Anyway, moving along, here's an

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Speaker 1: article for you. Car payments now average more than I

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Speaker 1: want everybody to think of the number car payments now

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Speaker 1: averaged more than seven hundred and fifty dollars a month.

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Speaker 2: On average, more than seven fifty.

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Speaker 1: Wow, ladies and gentlemen, please welcome the one hundred month

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Speaker 1: car loan.

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Speaker 2: Yeah, I was about to say so. Not only is

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Speaker 2: that number extraordinarily high, I know the length of these

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Speaker 2: loans have gone up a lot, so I remember it wasn't.

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Speaker 2: I'm old, but I remember back in the day were

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Speaker 2: four years was a long loan. When they introduced four years,

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Speaker 2: it's like, oh, yeah, forty months, are you crazy? Yeah?

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Speaker 1: The average price of a new car broke the fifty

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Speaker 1: thousand dollars barrier this fall is past fall. That's up

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Speaker 1: from less than thirty eight thousand in early twenty twenty

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Speaker 1: before the pandemic hit. It went from thirty seven and

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Speaker 1: change to fifty thousand dollars in years.

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Speaker 2: I tried to start a conversation with a young person

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Speaker 2: the other day on the whole white The payments thing

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Speaker 2: is bad, and you'll you'll make different decisions if you

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Speaker 2: don't do payments. We're talking about cell phones. Particularly, they

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Speaker 2: looked at me like I was speaking Chinese. It just

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Speaker 2: made no sense for whatever reason. Yeah, but it's it's

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Speaker 2: only like five dollars more a month to get the

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Speaker 2: newer phone. Yeah, that's but okay, never mind.

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Speaker 1: So many folks needed new vehicles after putting off buying

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Speaker 1: during COVID supply chain chaos. Others, feeling flush, opted for

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Speaker 1: luxury vehicles at much higher price points. Well right, but

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Speaker 1: if you were my point, if you'd go, if you'd

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Speaker 1: pay cash or even with a much shorter loan, you'd

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Speaker 1: make a different buying decision.

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Speaker 2: You would buy a cheaper phone, car, whatever, which would

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Speaker 2: be good for all of us. Yeah, buy a used car.

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Speaker 1: So anyway, the struggle to keep monthly payments to a

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Speaker 1: place where consumers will go for them is so tough

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Speaker 1: that the typical forty eight to sixty month car loan

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Speaker 1: turn is given given away to seventy two months terms.

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Speaker 2: And seventy ten months seven hundred and fifty dollars. I

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Speaker 2: think that's insane. I know, we got a lot of

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Speaker 2: car commercials coming up that say, shy, iron well, I'm buying.

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Speaker 1: Our sponsors are good, honest folks with will get your

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Speaker 1: real deal, but just think about your pocket book.

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Speaker 2: Well, and see my previous conversation. My lecture about that

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Speaker 2: falls on deaf ears. People only think about the payment

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Speaker 2: and if it's only another forty dollars to get them

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Speaker 2: more expensive car spread out over one hundred months, you

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Speaker 2: think forty dollars is nothing, well, right, that's it's really tempting.

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Speaker 2: But this is so interesting.

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Speaker 1: And those of us who you know, are of a

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Speaker 1: certain number of years and maybe aren't like you buying

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Speaker 1: cars on credit or whatever anymore. For instance, a fit

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Speaker 1: I don't, I didn't know this. You got a fifty

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Speaker 1: thousand dollars car loan. Say you're buying a sixty thousand

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Speaker 1: dollars car, which is just a little better than average

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Speaker 1: five percent over five years. So that's a sixty month

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Speaker 1: loan at five percent, that works out to roughly nine

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Speaker 1: hundred and fifty dollars a month. That's a hell of

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Speaker 1: a car payment anyway.

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Speaker 2: And the way cars depreciate, you do a seventy two

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Speaker 2: month or one hundred month loan, what the hell is

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Speaker 2: your car worth compared.

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Speaker 1: When you're making those last payments? And wow, and we

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Speaker 1: don't do a Dave Ramsey thing around here. We talk

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Speaker 1: about a lot of different things, as I'm sure you've noticed,

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Speaker 1: and I don't particularly like lecturing people because you're all

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Speaker 1: adults and can figure it out for yourself. On the

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Speaker 1: other hand, I will just tell you this and leave

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Speaker 1: it alone. Living very financially conservatively has been incredibly good

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Speaker 1: for me and mine period.

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Speaker 9: Well.

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Speaker 2: One more thing, and this is this is not as

436
00:23:48,440 --> 00:23:50,520
Speaker 2: lexury but as good advice. My brother and I were

437
00:23:50,520 --> 00:23:52,960
Speaker 2: talking about this with you. I tried not to be lectury.

438
00:23:53,080 --> 00:23:57,239
Speaker 2: I wasn't luxury I was, though I absolutely was, and

439
00:23:57,280 --> 00:24:00,360
Speaker 2: I'm trying not to be now, my brother. We're having

440
00:24:00,359 --> 00:24:02,280
Speaker 2: this conversation with a younger crowd on like four to

441
00:24:02,280 --> 00:24:05,919
Speaker 2: one kor or opening a you know, any sort of

442
00:24:05,920 --> 00:24:08,880
Speaker 2: fund or something like that. Time is a bigger deal

443
00:24:09,000 --> 00:24:12,479
Speaker 2: than anything, bigger than what the market does, and there's

444
00:24:12,520 --> 00:24:15,879
Speaker 2: nothing bigger than time. You start as like an eighteen

445
00:24:15,960 --> 00:24:18,520
Speaker 2: year old, twenty year old or whatever, You've got advantages

446
00:24:18,560 --> 00:24:21,720
Speaker 2: that can't be matched no matter what happens to a

447
00:24:21,760 --> 00:24:24,720
Speaker 2: forty year old. Time is the big deal.

448
00:24:24,960 --> 00:24:29,160
Speaker 1: So starter, who are a superstar investor because you started early,

449
00:24:29,600 --> 00:24:33,840
Speaker 1: no matter what. So in a closely related story, this

450
00:24:33,920 --> 00:24:39,080
Speaker 1: is from MSN or somebody. Six figure earners are living

451
00:24:39,119 --> 00:24:43,199
Speaker 1: the illusion of affluence while working side hustles, skipping meals

452
00:24:43,240 --> 00:24:45,320
Speaker 1: and pretending Venmo's not working.

453
00:24:47,119 --> 00:24:49,560
Speaker 2: I mean pretending Venmo's not working. What is that one?

454
00:24:50,480 --> 00:24:50,959
Speaker 2: That's uh?

455
00:24:51,040 --> 00:24:54,520
Speaker 1: Oh man, Well, you owe somebody fifty bucks for you

456
00:24:54,800 --> 00:24:57,040
Speaker 1: the big dinner or something because you agree to but

457
00:24:57,160 --> 00:24:58,960
Speaker 1: you realize, oh my god, I don't have it. Oh

458
00:24:59,040 --> 00:25:00,000
Speaker 1: my Venmo's not working.

459
00:25:00,119 --> 00:25:05,960
Speaker 2: That's weird. I'll get it to you. To your friends, wow, yeah,

460
00:25:06,280 --> 00:25:08,280
Speaker 2: or not? Could be friends? Long you pull that more

461
00:25:08,320 --> 00:25:10,600
Speaker 2: than once? Let's see.

462
00:25:10,640 --> 00:25:13,320
Speaker 1: Finding is of a survey from the Harris Poll reveals

463
00:25:13,359 --> 00:25:16,399
Speaker 1: surprising sense of economic anxiety, with sixty four percent of

464
00:25:16,440 --> 00:25:19,320
Speaker 1: six figure earners saying their income isn't a milestone for

465
00:25:19,359 --> 00:25:22,480
Speaker 1: success but merely the bare minimum for staying afloat.

466
00:25:22,640 --> 00:25:24,199
Speaker 2: Well, I hope the times where you live. Does this

467
00:25:24,280 --> 00:25:26,000
Speaker 2: article get into the fact that what we were talking

468
00:25:26,000 --> 00:25:28,760
Speaker 2: about last year, what one hundred thousand dollars a year

469
00:25:28,800 --> 00:25:31,720
Speaker 2: is now versus the year two thousand, I mean, inflation

470
00:25:32,040 --> 00:25:34,760
Speaker 2: has changed that if you still think of one hundred

471
00:25:34,760 --> 00:25:36,320
Speaker 2: thousand dollars a year the same way as you did

472
00:25:36,320 --> 00:25:39,919
Speaker 2: at the beginning of this century, you're completely off base, well.

473
00:25:39,840 --> 00:25:42,440
Speaker 1: Right, yeah, or even the beginning of this decade, for

474
00:25:42,600 --> 00:25:46,240
Speaker 1: the love of Milton Friedman, and I am so tempted

475
00:25:46,240 --> 00:25:49,359
Speaker 1: to launch into my screed about how insidious inflation is

476
00:25:49,680 --> 00:25:53,840
Speaker 1: and how it's an intentional strategy by politicians to spread

477
00:25:53,840 --> 00:25:56,800
Speaker 1: out more bribery money to get themselves re elected and

478
00:25:56,800 --> 00:26:00,000
Speaker 1: hold on to their power. They know what they're devaluing

479
00:26:00,240 --> 00:26:05,440
Speaker 1: your salary, they know they're devaluing your savings and your investments,

480
00:26:05,960 --> 00:26:08,560
Speaker 1: but they do it anyway because they know you don't

481
00:26:08,640 --> 00:26:14,160
Speaker 1: get it. You don't understand how incredibly brutal a disservice

482
00:26:14,200 --> 00:26:18,480
Speaker 1: they're doing to you. Inflation is intentional and it is

483
00:26:18,560 --> 00:26:24,320
Speaker 1: insidious anyway. Oh, to your point, I think I mentioned this?

484
00:26:24,400 --> 00:26:26,359
Speaker 1: Did I mention this on the air?

485
00:26:27,359 --> 00:26:28,240
Speaker 2: I don't think I did.

486
00:26:29,720 --> 00:26:35,240
Speaker 1: My daughter's partner husband man, he is not her husband. Yeah,

487
00:26:35,600 --> 00:26:42,879
Speaker 1: who knows what they are, boyfriend whatever. He was asking

488
00:26:42,880 --> 00:26:45,760
Speaker 1: about the trajectory of my career and our careers together,

489
00:26:46,359 --> 00:26:50,879
Speaker 1: and I mentioned that you do eat, they pay you

490
00:26:50,920 --> 00:26:55,640
Speaker 1: for that. That when we got into talk radio because

491
00:26:55,680 --> 00:26:58,119
Speaker 1: we knew that's where our future was. We got our

492
00:26:58,320 --> 00:27:01,360
Speaker 1: pay cut in half and we start at forty thousand

493
00:27:01,400 --> 00:27:04,600
Speaker 1: dollars a year. Now, at the time, I was about

494
00:27:04,640 --> 00:27:07,320
Speaker 1: to have my third kid, and trust me, we were

495
00:27:07,359 --> 00:27:11,800
Speaker 1: pretty poor. But I got to thinking, well, made a second.

496
00:27:11,880 --> 00:27:15,120
Speaker 1: That sounds very, very dramatic. Adjusted for inflation, What would

497
00:27:15,119 --> 00:27:21,200
Speaker 1: that salary, that paltry just starvation wage be right now?

498
00:27:22,119 --> 00:27:24,480
Speaker 1: Anybody want to guess what's forty three This was in

499
00:27:24,560 --> 00:27:28,480
Speaker 1: nineteen ninety eight, Michael, what's the equivalent salary in twenty

500
00:27:28,520 --> 00:27:28,960
Speaker 1: twenty five?

501
00:27:29,040 --> 00:27:29,639
Speaker 2: You want to guess.

502
00:27:30,240 --> 00:27:32,640
Speaker 7: I'm going to guess fifteen thousand.

503
00:27:34,040 --> 00:27:36,680
Speaker 1: No, it would be more money. Okay, the more money

504
00:27:36,720 --> 00:27:41,000
Speaker 1: inflation works. We're talking for them versus like you style

505
00:27:41,720 --> 00:27:44,200
Speaker 1: as I did at forty thousand dollars in nineteen ninety eight,

506
00:27:44,359 --> 00:27:45,360
Speaker 1: How much would I have.

507
00:27:45,320 --> 00:27:47,960
Speaker 7: To make now go the other way. I'm saying ninety thousand.

508
00:27:48,200 --> 00:27:52,840
Speaker 1: It's actually seventy nine thousand, so double yeah me. Look,

509
00:27:52,920 --> 00:27:55,719
Speaker 1: I hear somebody makes seventy nine grand say they're out

510
00:27:55,760 --> 00:27:57,640
Speaker 1: of school for a year, and yeah I got seven.

511
00:27:57,720 --> 00:27:59,119
Speaker 2: I think, wow, good for you.

512
00:27:59,280 --> 00:28:04,320
Speaker 1: Well, no, that was my Okay, honey, we can't ever

513
00:28:04,400 --> 00:28:07,280
Speaker 1: go out to eat. H you know, we're gonna drive

514
00:28:07,280 --> 00:28:09,560
Speaker 1: our old cars into the ground. Blah blah, blah wage

515
00:28:09,600 --> 00:28:12,919
Speaker 1: back then, seventy nine gram. That's what inflation done. I

516
00:28:12,960 --> 00:28:15,840
Speaker 1: think it's incredibly helpful to have that knowledge. Everybody should

517
00:28:15,880 --> 00:28:18,080
Speaker 1: have that in their heads. It's doubled since the late

518
00:28:18,200 --> 00:28:20,439
Speaker 1: nineties or half, depending on how you look at it,

519
00:28:21,600 --> 00:28:25,240
Speaker 1: including your savings that are humilitantly angle.

520
00:28:25,320 --> 00:28:31,320
Speaker 2: Oh yeah, yeah, you got your whatever your net worth is. Well,

521
00:28:31,320 --> 00:28:33,680
Speaker 2: that's rough. I don't even like to think about that.

522
00:28:34,359 --> 00:28:37,000
Speaker 2: I know, I know it's brutal, and yet it is.

523
00:28:37,119 --> 00:28:40,760
Speaker 10: It is the the theft, it is the rape, it

524
00:28:40,840 --> 00:28:45,600
Speaker 10: is the just incredible brutal crime against people that they

525
00:28:45,640 --> 00:28:47,719
Speaker 10: don't even understand is being done to them.

526
00:28:47,760 --> 00:28:49,520
Speaker 1: And it makes me nuts. I want to go on

527
00:28:49,560 --> 00:28:52,480
Speaker 1: some sort of nationwide speaking to world speak for free.

528
00:28:52,560 --> 00:28:55,000
Speaker 1: I'll pay my own airfare just if I can con

529
00:28:55,840 --> 00:28:59,120
Speaker 1: get people to understand what's happening with this.

530
00:28:59,200 --> 00:29:01,600
Speaker 2: I think it would do the country and them a

531
00:29:01,640 --> 00:29:03,320
Speaker 2: hell of it and ass a hell of a lot

532
00:29:03,320 --> 00:29:06,360
Speaker 2: of good. Yeah. Man, I read a couple of different

533
00:29:06,400 --> 00:29:07,960
Speaker 2: articles then we got to take a break. But a

534
00:29:07,960 --> 00:29:10,800
Speaker 2: couple of different articles about this weird economy that nobody

535
00:29:10,800 --> 00:29:13,560
Speaker 2: can figure out, where we had a huge quarter and

536
00:29:13,600 --> 00:29:17,680
Speaker 2: the stock market sets records. Yet some of the worst

537
00:29:17,760 --> 00:29:22,760
Speaker 2: numbers ever in terms of people's attitudes or being delinquent

538
00:29:22,840 --> 00:29:25,200
Speaker 2: on car payments and student loans. And by the way,

539
00:29:25,200 --> 00:29:27,760
Speaker 2: student loans hit it the first year. That's going to

540
00:29:27,800 --> 00:29:30,640
Speaker 2: be a giant story for a lot of people.

541
00:29:30,960 --> 00:29:32,200
Speaker 1: All right, let me let me put it to you

542
00:29:32,280 --> 00:29:37,000
Speaker 1: like this, then I'll shop the Inflation Reduction Act. I mean,

543
00:29:37,160 --> 00:29:41,040
Speaker 1: we could stop there crime against the English language, the

544
00:29:41,120 --> 00:29:45,160
Speaker 1: New Green Deal, the New Green that whole giant bill

545
00:29:45,520 --> 00:29:52,960
Speaker 1: that that splashing of cash probably cost you ten percent

546
00:29:53,200 --> 00:29:57,480
Speaker 1: of your life savings because of what it did to inflation.

547
00:29:58,200 --> 00:30:03,120
Speaker 1: They stole ten of your life savings when they passed

548
00:30:03,200 --> 00:30:06,880
Speaker 1: that bill. People need to understand that, but they don't.

549
00:30:07,880 --> 00:30:09,360
Speaker 1: Well you do, now, thanks for listening.

550
00:30:09,640 --> 00:30:11,560
Speaker 2: It's our job to come in and to make everybody

551
00:30:11,640 --> 00:30:13,479
Speaker 2: less happy. Is that what we're trying to do?

552
00:30:14,360 --> 00:30:18,040
Speaker 1: Angry, put on the bandana, pick up the axe handle,

553
00:30:18,400 --> 00:30:19,360
Speaker 1: let's get started.

554
00:30:21,840 --> 00:30:23,240
Speaker 2: Oh you don't listen to I'm strong, You get it.

555
00:30:23,280 --> 00:30:25,040
Speaker 2: It's great. I get in the car in a good mood,

556
00:30:25,080 --> 00:30:27,560
Speaker 2: and then by the time I get to work I

557
00:30:27,640 --> 00:30:28,960
Speaker 2: want to jump off a bridge.

558
00:30:29,240 --> 00:30:34,320
Speaker 1: I'm either angry or sad. Sometimes Amy somedays sad. I

559
00:30:34,360 --> 00:30:35,280
Speaker 1: know we suck, I.

560
00:30:35,240 --> 00:30:41,400
Speaker 2: Apologize, Armstrong and Getty. Oh the most depressing radio show.

561
00:30:41,840 --> 00:30:48,080
Speaker 2: Oh no, there you go, moreoever more always they here.

562
00:30:51,240 --> 00:30:54,440
Speaker 2: This is absolutely hilarious. So during the commercial break, I

563
00:30:54,480 --> 00:30:54,960
Speaker 2: was kind.

564
00:30:54,800 --> 00:30:58,160
Speaker 1: Of idly thinking, as I've had before, if I was

565
00:30:58,200 --> 00:30:59,520
Speaker 1: ever going to get a tattoo.

566
00:31:00,200 --> 00:31:02,280
Speaker 2: This is what you do during commercial breaks. You think

567
00:31:02,280 --> 00:31:03,640
Speaker 2: about what who you would get.

568
00:31:03,960 --> 00:31:06,360
Speaker 1: This is what I was doing during this commercial break. Yes,

569
00:31:07,280 --> 00:31:11,280
Speaker 1: and I was thinking, if I ever get a tattoo,

570
00:31:11,280 --> 00:31:14,080
Speaker 1: it would be a First Amendment type tattoo because it's

571
00:31:14,160 --> 00:31:18,040
Speaker 1: practically a religion with me, which reminds me I just

572
00:31:18,160 --> 00:31:20,800
Speaker 1: ordered a great portrait of Orwell cost.

573
00:31:20,600 --> 00:31:23,840
Speaker 2: Me a few bucks COO for my man cave.

574
00:31:24,000 --> 00:31:28,680
Speaker 1: Anyway, so I asked Google Gemini designed me a First

575
00:31:28,720 --> 00:31:33,280
Speaker 1: Amendment tattoo, not too big and at the bottom is

576
00:31:33,280 --> 00:31:37,680
Speaker 1: a really nice flowing American flag and seventeen ninety one

577
00:31:37,960 --> 00:31:41,040
Speaker 1: under it, which when it was all ratified and all

578
00:31:42,360 --> 00:31:45,600
Speaker 1: and I'm going to read you verbatim what Google Gemini,

579
00:31:45,720 --> 00:31:49,520
Speaker 1: these are the greatest technical minds on earth. The tattoo

580
00:31:49,880 --> 00:31:53,120
Speaker 1: that Google Gemini came up with, and this is it's well,

581
00:31:53,160 --> 00:31:57,960
Speaker 1: it's especially the First Amendment Congress shall make no law

582
00:31:58,520 --> 00:32:05,720
Speaker 1: law established and religion, or prohibiting comma free exercise thereof,

583
00:32:06,360 --> 00:32:11,640
Speaker 1: or a bridding the speech or friddom of the press

584
00:32:12,520 --> 00:32:19,320
Speaker 1: of the right space to peacefully to passemble and to

585
00:32:19,440 --> 00:32:22,960
Speaker 1: petition the redress the Governess scent.

586
00:32:23,760 --> 00:32:29,040
Speaker 2: AI is going to take all of our jobs soon. Oh,

587
00:32:29,120 --> 00:32:31,120
Speaker 2: I just said it tall you guys. I've got to

588
00:32:31,160 --> 00:32:36,800
Speaker 2: tweet that. I got really damned interesting, because nobody really

589
00:32:36,800 --> 00:32:39,480
Speaker 2: seems to have the answer for this. Why does AI

590
00:32:39,640 --> 00:32:41,640
Speaker 2: do that? Sometimes? I mean, how can it be so

591
00:32:41,720 --> 00:32:44,400
Speaker 2: incredibly brilliant, so fast, with so many things and then

592
00:32:44,520 --> 00:32:48,600
Speaker 2: do something that good? Got a second grader could google

593
00:32:48,720 --> 00:32:51,760
Speaker 2: what is the First Amendment and rewrite it for you?

594
00:32:52,360 --> 00:32:55,080
Speaker 1: Right, Yeah, we'll we'll post that at armstrong egetdy dot

595
00:32:55,120 --> 00:32:57,080
Speaker 1: com and and I'll tweet it out in a couple

596
00:32:57,120 --> 00:32:59,800
Speaker 1: of minutes. That's amazing, I know, it is amazing. It's

597
00:32:59,800 --> 00:33:01,760
Speaker 1: hell larious. There are no less than half a dozen

598
00:33:01,800 --> 00:33:02,560
Speaker 1: typos in there.

599
00:33:02,680 --> 00:33:05,160
Speaker 2: How does that happen? Yeah?

600
00:33:05,360 --> 00:33:05,520
Speaker 11: I do.

601
00:33:05,720 --> 00:33:07,960
Speaker 1: I don't know because nobody knows it can be found

602
00:33:08,000 --> 00:33:12,280
Speaker 1: anywhere the First Amendment, the wording of it anyway, kind

603
00:33:12,320 --> 00:33:14,280
Speaker 1: of a mini gender bending update.

604
00:33:14,360 --> 00:33:18,440
Speaker 2: Do we have the gal Yeah? Not that gal.

605
00:33:18,720 --> 00:33:22,120
Speaker 1: That's a boy for one thing. Clip number seventeen. This

606
00:33:22,320 --> 00:33:25,240
Speaker 1: young California woman in Conquered California.

607
00:33:25,960 --> 00:33:37,600
Speaker 11: You're really comfortable, Like, come on, you're females locker room.

608
00:33:37,760 --> 00:33:38,360
Speaker 2: Come okay.

609
00:33:38,440 --> 00:33:42,280
Speaker 1: That is a young woman and her boyfriend confronting a

610
00:33:42,480 --> 00:33:45,640
Speaker 1: man who stepped out of the shower in the Planet

611
00:33:45,680 --> 00:33:51,760
Speaker 1: Fitness woman's locker room, bareass naked, fully intact male, tall,

612
00:33:51,920 --> 00:33:55,560
Speaker 1: big guy all right, puts a towel around himself, then

613
00:33:55,640 --> 00:33:59,080
Speaker 1: goes into the stall in the bathroom and pleasures himself.

614
00:33:59,200 --> 00:34:03,680
Speaker 1: You clearly visible because there's overhead lighting.

615
00:34:03,720 --> 00:34:06,280
Speaker 2: I'm looking at the video right now. How do you

616
00:34:06,400 --> 00:34:08,000
Speaker 2: like it? Mistakable? Pardon me?

617
00:34:10,239 --> 00:34:15,440
Speaker 1: Unless he's in a cucumber. I know precisely what he's doing,

618
00:34:17,880 --> 00:34:20,839
Speaker 1: and of course there are a Planet Fitness that his will.

619
00:34:22,000 --> 00:34:24,760
Speaker 1: They didn't know what to do about it, she reported,

620
00:34:24,760 --> 00:34:26,680
Speaker 1: And then they're like, we don't know what to do.

621
00:34:27,600 --> 00:34:29,919
Speaker 2: So she goes back in her boyfriend with her boyfriend says,

622
00:34:30,000 --> 00:34:32,560
Speaker 2: get the f out of year. Yeah. I heard her

623
00:34:32,600 --> 00:34:34,880
Speaker 2: say that. I thought that was a pretty ballsy, if

624
00:34:34,880 --> 00:34:38,360
Speaker 2: you'll pardon the expression move. But she had her boyfriend

625
00:34:38,360 --> 00:34:39,560
Speaker 2: with her. Okay, that's a good idea.

626
00:34:39,719 --> 00:34:43,200
Speaker 1: Yeah, yeah, And then did you hear the dude you know,

627
00:34:43,280 --> 00:34:47,360
Speaker 1: working your man at the health spa or whatever. The

628
00:34:47,440 --> 00:34:50,279
Speaker 1: twenty six year old man who shattered four windows at

629
00:34:50,320 --> 00:34:54,359
Speaker 1: jd Vance's home and vandalized a car, Twenty six year

630
00:34:54,360 --> 00:34:58,480
Speaker 1: old William de four, the son of wealthy Democratic donors,

631
00:34:58,800 --> 00:35:02,400
Speaker 1: has been going by the name Denise or something lately.

632
00:35:02,640 --> 00:35:05,320
Speaker 2: Another one of them, just Crazy. It's new branded Crazy.

633
00:35:05,480 --> 00:35:07,520
Speaker 2: If you miss a segment, get our podcast Armstrong and

634
00:35:07,560 --> 00:35:09,880
Speaker 2: Getty on demand. We do four hours every day Armstrong

635
00:35:10,000 --> 00:35:10,520
Speaker 2: and Getty