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Speaker 1: From the Abraham Lincoln Radio Studio and the George Washington

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Speaker 1: Broadcast Center, Jack Armstrong Show, Jetty Armstrong and Jetty Show.

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Speaker 1: You know, I tell my kids what people have been

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Speaker 1: telling their kids since the start of this great country.

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Speaker 1: You work hard, you apply yourself. You too can grow

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Speaker 1: up and be a state controller. That's what Lnie Chen

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Speaker 1: wants to be. Lannie Chen is candidate for California State Controller.

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Speaker 1: David and Diane Stephie Fellow in American Public Policy Studies

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Speaker 1: at the Hoover Institution. And as if that's not enough,

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Speaker 1: the director of Domestic Policy Studies at Stanford University. All

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Speaker 1: that's gotta keep you kind of busy, lan here. Huh, well,

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Speaker 1: you know it's been a busy new year already. Hope

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Speaker 1: you guys have had a good one so far. Have

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Speaker 1: you had the COVID yet? I have not. No, I

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Speaker 1: have not, but I know plenty of people who have

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Speaker 1: and have been dealing with over the last couple of weeks.

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Speaker 1: I'm a real yeah, you're gonna get it. I mean,

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Speaker 1: everybody's getting the O macron. I've had it once. I

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Speaker 1: suspect I'm gonna get it again. But what are you

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Speaker 1: gonna do. Yeah, so all sorts of interesting, crazy stuff

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Speaker 1: coming out of really America's well spring of interesting in

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Speaker 1: crazy California. But before we get to that line, he uh,

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Speaker 1: the speech Joe Biden gave the other day in which

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Speaker 1: he said, if you oppose the national nationalization of elections,

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Speaker 1: you're as good as Bull Connor, Jefferson Davis, George Wallace,

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Speaker 1: the segregationist governor of Alabama back in the day. What

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Speaker 1: was your reaction to that speech? Uh, you know, just

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Speaker 1: what was your gut reaction? Well, you shake your head,

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Speaker 1: because you know, here was the Joe Biden who campaigned

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Speaker 1: as a moderate, as somebody who would bring Americans together,

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Speaker 1: as somebody who would be a you know, reconciliator if that,

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Speaker 1: if that's a word, you know, somebody who would who

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Speaker 1: would attempt to bridge our divide, and now you have

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Speaker 1: him going out basically, you know, accusing a significant percentage

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Speaker 1: of the country who believe in local and state control

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Speaker 1: of elections, basically called them, uh, you know, really bad

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Speaker 1: name in the book. So it was it was a headshaker.

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Speaker 1: It was disappointing, But I guess I have to say

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Speaker 1: I'm not too surprised given where our politics are given given,

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Speaker 1: you know, kind of what we're seeing with what Joe

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Speaker 1: Biden has been dealing with. I mean, he's had a

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Speaker 1: really rough first year, guys. I mean, if you look

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Speaker 1: at what he's done over the last several months, the

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Speaker 1: challenges he continues to face with the economy and inflation.

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Speaker 1: I guess I can I have to say I can't

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Speaker 1: blame him for wanting to demogogue the issue, but that's

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Speaker 1: really what he did. He really just kind of got

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Speaker 1: out there and said, look, I'm going to call a

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Speaker 1: bunch of Americans names. I'm gonna make them feel awful

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Speaker 1: for disagreeing with me and for not acknowledging that there

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Speaker 1: is a real debate about this particular issue. And you know,

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Speaker 1: it's disappointing. Is there anything that's going to arrest this

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Speaker 1: direction that we're going, this trajectory of of of of

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Speaker 1: presidents giving outlandish speeches and things getting more divisive? Oh boy,

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Speaker 1: I wish, you know, I wish I could say that

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Speaker 1: we're headed in a different direction, or there's a way

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Speaker 1: to turn it around. It just feels like a lot

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Speaker 1: of these guys know they're going for clicks, and they're

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Speaker 1: going for retweets, and they're going for social media hype.

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Speaker 1: And you know, in the case of Joe Biden, I

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Speaker 1: think what you see is what happens when you are

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Speaker 1: responsive to the far in his case, the far left

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Speaker 1: progressive base of his party, instead of really being a

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Speaker 1: guy who would seek out the middle and would seek

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Speaker 1: out moderation. You have somebody who is now being incredibly

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Speaker 1: responsive to UH, to the far progressive left. And it's

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Speaker 1: quite obvious what's happened here. So one more kind of

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Speaker 1: national question, ln he, as you are an authority on

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Speaker 1: California politics in in many ways, um and and folks

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Speaker 1: tuning in, maybe you don't know Lani Chen. He's a

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Speaker 1: very reasonable fellow. He works beautifully across the aisle. He

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Speaker 1: is not prone to chucking bombs. So if if his

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Speaker 1: answer is subtle and gentlemanly, well it's going to be

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Speaker 1: How is Kamala Harris the Vice President of the United States? Exactly?

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Speaker 1: She seems to have zero political talent. You know, politics

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Speaker 1: a lot of times it's about being in the right

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Speaker 1: place at the right time, and it's about you know,

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Speaker 1: creating breaks, and it's about sometimes just lucking into breaks.

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Speaker 1: And you know, look, she's not she wouldn't be the

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Speaker 1: first politician to occupy a position that you know, she

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Speaker 1: arguably wasn't wasn't you know, particularly well suited for. But look,

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Speaker 1: I mean, you know, she gave an answer recently. I

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Speaker 1: forgot where I heard of she gave an answer recently

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Speaker 1: on what's going on with the administration's response to COVID

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Speaker 1: that it's almost like she I have to say, it's

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Speaker 1: like she heard a different question, but she was answering

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Speaker 1: a different question, because I was like, hold on a second.

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Speaker 1: You know, it's like, do you like hamburgers or hot dogs? Well?

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Speaker 1: I think the weather is nice, thank you? And it's like,

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Speaker 1: what is going on here? At different universe? A different universe?

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Speaker 1: You know. I mean, so I don't know if it's

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Speaker 1: if it's just that she lacks you know, look, I

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Speaker 1: think the answer is it's a really difficult situation, and

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Speaker 1: she didn't want to acknowledge a difficult situation, but it

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Speaker 1: just made her look silly, unfortunately for her. So California

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Speaker 1: is going to have health care for everybody, including illegals.

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Speaker 1: How the hell is that going to work? Oh boy?

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Speaker 1: I mean, you know that the best thing that I've

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Speaker 1: heard recently about this is that it is so fanciful

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Speaker 1: and so crazy that nobody actually thinks it's gonna happen. Okay,

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Speaker 1: and and and the the proposal that you're seeing from

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Speaker 1: a number of secciment I remember feeling that exact way

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Speaker 1: about driver's licenses for illegal You know, the plan that

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Speaker 1: we're hearing about now requires the one that basically would

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Speaker 1: create a single payer health care system in California. That's

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Speaker 1: going to require literally doubling taxes in California. I mean,

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Speaker 1: I wish it were an exaggeration, guys. I mean, sometimes

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Speaker 1: you hear stuff you're like and it can't be true.

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Speaker 1: In this case, it literally true. They want to double

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Speaker 1: tax collections. They want to raise the top marginal tax

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Speaker 1: rate in California, over which is well above any other states.

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Speaker 1: I would have to move tomorrow. I would have no choice.

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Speaker 1: Not not only that, not only that, but lest you

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Speaker 1: think it is just a tax on rich people, they

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Speaker 1: plan on adding a payroll tax to pay for this thing,

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Speaker 1: which will impact families making fifty dollars a year. If

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Speaker 1: that is not a middle class tax increase, I don't

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Speaker 1: know what is. And so this idea, by the way,

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Speaker 1: other states have tried this and I've studied this extensively.

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Speaker 1: You look at Vermont. Vermont tried this whole single payer

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Speaker 1: let's let's create a socialist healthcare program. They tried this,

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Speaker 1: and you know why they gave up on it because

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Speaker 1: they couldn't pay for it. They tried for two years

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Speaker 1: to figure out how to pay for it, even with

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Speaker 1: massive tax increases, they couldn't pay for it. Here's the kicker, guys.

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Speaker 1: If they get their way on this single payer healthcare thing,

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Speaker 1: they're actually going to have a rule in place that

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Speaker 1: they can raise taxes any time to pay for this

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Speaker 1: thing with a simple majority. Currently in California it requires

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Speaker 1: a supermajority. They're going to change it. So just for

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Speaker 1: healthcare you need a simple majority. So this is that

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Speaker 1: I'm just saying, there's so much in here that people

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Speaker 1: are going to stop and say nine and a hole

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Speaker 1: on a second, we can't do this. And even in California,

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Speaker 1: even in California, people are gonna stop and say we can't. Hope,

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Speaker 1: you're right. I think La Eachen is with the Hoover Institution,

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Speaker 1: Director and Domestic Policy Studies at Stanford, candidate for California

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Speaker 1: State Controller. You know, uh, Lani. I'm going to ask

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Speaker 1: you a question, and the entire state government of Illinois

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Speaker 1: is going to be listening rapidly to your answer. How

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Speaker 1: is it that a state so badly managed fiscally as

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Speaker 1: California has such a big surplus and all those billions

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Speaker 1: of dollars sitting in the bank. How to happen? Two things?

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Speaker 1: Number one is we've gotten a tremendous amount of federal

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Speaker 1: cash from the from the Biden stimulus bills over the

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Speaker 1: last several years. Suckers, are you glad you went to work? Exactly?

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Speaker 1: Thank you? Thank you to the taxpayers of the great

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Speaker 1: state of Alabama for for for your latest California boondoggle.

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Speaker 1: I mean, so, first of all, is there's just a

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Speaker 1: lot of federal cash and and you know, a lot

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Speaker 1: of states are dealing with surplus positions because they have

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Speaker 1: a lot of cash from the Feds. The other thing

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Speaker 1: you gotta understand about California's tax system is that it

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Speaker 1: is a tremendously volatile tax system, which means when the

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Speaker 1: economy is doing well. And by the economy, I don't

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Speaker 1: necessarily mean the economy, I mean the stock market. Okay,

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Speaker 1: when the stock markets doing well, you're gonna have a

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Speaker 1: lot of revenue in the state. And as it turns out,

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Speaker 1: for the last year, the last couple of years, the

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Speaker 1: stock market has been doing pretty darn well. So as

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Speaker 1: a result, we've got all this money coming in from

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Speaker 1: people cashing out their stock options and from people engaging

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Speaker 1: in in capital gains realizations. And so that means behind

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Speaker 1: a lot of revenue, it has nothing at all to

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Speaker 1: do with smart policy or smart planning by the state.

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Speaker 1: It is entirely a product of good fortune of what's

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Speaker 1: going on in in stock markets. And you know what

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Speaker 1: that means, guys, is it the stock market goes the

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Speaker 1: other way, We're going to be in deep, deep trouble.

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Speaker 1: We're gonna go from a multibillion dollar surplus to a

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Speaker 1: multibillion dollar deficit overnight. So we have to be very careful.

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Speaker 1: And you know, I love it when Newsom's out there says, oh,

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Speaker 1: look at all these great things that we've done. We

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Speaker 1: have excuse great surplus. As if he had anything to

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Speaker 1: do with it. He had absolutely nothing to do with it.

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Speaker 1: The FEDS has had a lot to do with it.

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Speaker 1: And then you had a great stock market, and and

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Speaker 1: so the combination of those two things has produced this

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Speaker 1: kind of surplus that has nothing to do with fiscal management.

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Speaker 1: Need I remind you in California we're the home of

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Speaker 1: the thirty billion dollar unemployment insurance fiasco. We're thirty billion

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Speaker 1: dollars of our taxpayer money but sent out the door

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Speaker 1: to fraudsters in Russia and China for fake unemployment insurance

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Speaker 1: California and Christness Scott Peterson. Scott Peterson right, anyway, it's

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Speaker 1: it's a it's a remarkable thing, and a politician and

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Speaker 1: claim credit for something he had absolutely nothing to do with.

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Speaker 1: But I guess that's politics. If you're a California listener,

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Speaker 1: you want him to be your California state controller. It's long,

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Speaker 1: heat chan. I have one final question for you because

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Speaker 1: I heard this on ABC this week last week, and

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Speaker 1: sometimes you're on those kind of shows. So they asked

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Speaker 1: the roundtable people there, what do you put the odds

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Speaker 1: of a Biden Trump rematch? And the answers varied froment

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Speaker 1: to from Chris Christie, what do you put the odds

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Speaker 1: at for a Biden Trump rematch? I think it's really

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Speaker 1: come on, you're out of your mind. I love you,

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Speaker 1: an here, you're out of your mind. Biden's gotta live

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Speaker 1: that long. You think you think Biden is the X factor,

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Speaker 1: not Trump? Well, yeah, I mean, yeah, fifty fifty. I mean,

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Speaker 1: there's there's a bunch of things that are they're gonna

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Speaker 1: have to happen one way or the other. But I'm

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Speaker 1: so glad I don't have to worry about that for

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Speaker 1: another couple of years. Awesome, I'm glad. I asked, well,

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Speaker 1: thanks for coming on. We appreciate it. Always great to

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Speaker 1: talk to you. He chan always a pleasure. Thanks. Man,

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Speaker 1: You know, I said, I'm why does nobody but me

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Speaker 1: have the guts to say what's true? Trump isn't interested.

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Speaker 1: He pretends to be interested, but he's not. And Biden's

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Speaker 1: to effing old it will never happen to pressure. See

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Speaker 1: seems high to me too. But man, there's a lot

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Speaker 1: of people that have spent their lives studying this sort

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Speaker 1: of thing who are saying are better they've spent their

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Speaker 1: lives getting on TV. It's like, h L menkin, my

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Speaker 1: hero's got this beautiful quote about looking at the government.

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Speaker 1: These people have no particular talent for governing. Their talent

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Speaker 1: is for getting elected office. Period. Then they get into

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Speaker 1: the office, and they have no idea what they're doing

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Speaker 1: anymore than you or I would. And the same thing

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Speaker 1: with the talking heads on TV plays. They're full of crap.

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Speaker 1: Hn't tell I'm rooting for it or not. Gotta be

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Speaker 1: so exciting. Oh no, No, Republic could not endure. Hey,

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Speaker 1: how about a nasal spray that protects you against COVID day? Yeah,

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Speaker 1: didn't they? They might have one out that'd be very cool,

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Speaker 1: among other things we can talk about coming up. And

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Speaker 1: our text line is always ready for you at four one, five,

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Speaker 1: two nine five kftc art strong and yet