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Speaker 1: Let's make fun of CNN, Let's talk about credibility. Let's

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Speaker 1: have a great pano on tonight. Let's have some fun.

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Speaker 1: And I'm right, welcome to I'm right. Let's talk about

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Speaker 1: the media. Everyone does now, people read them back to me.

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Speaker 1: It's great. Sorry, sorry, I didn't realize where you're going. Already.

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Speaker 1: CNN is gone. Well, CNN plus is gone. The announcement

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Speaker 1: was made today. CNN plus is not being you know, retrofitted.

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Speaker 1: We're gonna go with a new direction. It's gone. And

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Speaker 1: I know what you're saying to Jesse. I hope you're

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Speaker 1: not going to take valuable show time to gloat about

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Speaker 1: such a thing. But that's where you're wrong. I am

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Speaker 1: as a matter of fact, because it anymore and more

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Speaker 1: than anything else. Fine, and we're going to talk about

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Speaker 1: the things. The rules have changed, the media chain remembers changed,

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Speaker 1: and they don't like it. We're in the mood. That's

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Speaker 1: coming up next is conning them that Donald Trump was

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Speaker 1: a Russian colluding white supremacist Nazi. I've seen CNN do

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Speaker 1: detestable things to this country. So if CNN is going

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Speaker 1: to fall on hard business times, yeah, I'm not about

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Speaker 1: celebrating I think it's fantastic. I'm glad it's CNN plus

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Speaker 1: shutting down today. I hope it's CNN Normal shutting down tomorrow.

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Speaker 1: Shutter the building, fire every single employee, and demo the

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Speaker 1: thing to the ground for all I care, because that

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Speaker 1: is exactly what these anti American pieces of trash deserve.

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Speaker 1: And again, let's just rewind here really quickly. There's more

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Speaker 1: than just gloating about CNN plus closing down today. There

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Speaker 1: is bubble thinking, and this is actually a symptom of

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Speaker 1: a much larger problem. I could do a whole show

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Speaker 1: on it. In fact, I might do that one of

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Speaker 1: these times of You see, societies have cultural pillars. As

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Speaker 1: we've talked about a lot cultural pillars that hold up

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Speaker 1: your society, you know, religion, education, things like that. These

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Speaker 1: are the pillars that hold up societies. Who brings you

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Speaker 1: the news as one of those pillars. And what's happened

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Speaker 1: as all of our pillars have been taken over by

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Speaker 1: the communists is now it's what we call the system, right.

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Speaker 1: We talk about it all the time on the show.

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Speaker 1: So it's a good life temporarily. If you're part of

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Speaker 1: the system, it's going to be part of the system.

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Speaker 1: You can't really fail, I mean not too badly. Even

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Speaker 1: all the losers who got fired today at CNN Plus

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Speaker 1: will go right into MSNBC or CNN Normal or Congressman

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Speaker 1: Jerk Water's office still be fine. So that's good. But

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Speaker 1: the problem is this, people in positions of leadership, like

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Speaker 1: the ones who lead the cultural pillars, well, their own

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Speaker 1: only there as long as the public views them as

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Speaker 1: being trustworthy and influential. And they have so abused that

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Speaker 1: trust that, especially over the last five years. What they've

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Speaker 1: done is they've separated themselves from the masses. This is

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Speaker 1: us the masses, and here's them, and they've got of

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Speaker 1: always on top. But they're separating, separating to now they're

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Speaker 1: their own separate thing. How could you make such a

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Speaker 1: terrible mistake to believe you're going to have two million subscribers,

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Speaker 1: which is what they thought they were going to have

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Speaker 1: in the first year, and you ended up with less

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Speaker 1: than ten less than ten thousand. That's staggering those they're

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Speaker 1: staggering numbers to miss. Anyone would lose their job over that.

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Speaker 1: But how could you be so off the mark? Well,

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Speaker 1: you enjoyed, you enjoyed the power and privilege that comes

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Speaker 1: with being up there on top. Right, you're up there

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Speaker 1: above us. But then you spent way too much time

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Speaker 1: in your own bubble, and now that's the only reality

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Speaker 1: you know. You're disconnected from the real world. That's how

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Speaker 1: you make a mistake that big. And speaking of disconnected

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Speaker 1: from the real world, I know I'm supposed to lead

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Speaker 1: the show with us today and it's all the rage.

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Speaker 1: There's a new Donald Trump Peers Morgan dust up where

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Speaker 1: Trump sat down with Morgan and call it up a

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Speaker 1: liar or maybe stormed off or didn't storm off, or

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Speaker 1: they're lying about Trump, and allow me to clarify something

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Speaker 1: because you're watching. I'm right, I'm assuming you watch regularly.

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Speaker 1: I'm not doing this again. We have much bigger fish

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Speaker 1: to fry and many, many, many more important things going

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Speaker 1: on in this country than Donald Trump's latest fight with

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Speaker 1: whatever loser reporter he chooses to sit down with. This

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Speaker 1: is no longer news. I'm not doing it. This is

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Speaker 1: not going to dominate the show. Let's move on to

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Speaker 1: things that actually do matter, things like well rules and standards.

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Speaker 1: Standards seem to change in your house, maybe when you

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Speaker 1: were growing up, maybe you have kids now, do your

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Speaker 1: kids talk back to you, maybe even cuts at you

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Speaker 1: or hit you. Oh, I'm sure you're probably shaking your head.

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Speaker 1: Of course, not, of course not. Your kids are probably

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Speaker 1: very polite, or at least you were when you were younger.

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Speaker 1: I'm sure you screwed some things up, But you have

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Speaker 1: seen kids like that, haven't you. They'll be out in

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Speaker 1: public and they'll scream at their mom, No, I'm buying

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Speaker 1: the candy bar, Are you idiot? I've seen things like that.

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Speaker 1: In fact, I saw that this weekend, that specific thing.

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Speaker 1: I've seen kids hit their mom. Where am I going

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Speaker 1: with us? What does this have to do with anything? Well, standards,

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Speaker 1: standards change. Why would a child speak that way to

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Speaker 1: their parents? That's the standard in that home. Rules changed.

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Speaker 1: That home has different rules than probably your home did

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Speaker 1: than my home does. Well. I think the people who

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Speaker 1: lead the culture, speaking of our cultural leaders, they don't

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Speaker 1: seem to understand the consequences of specifically how they've conducted

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Speaker 1: them selves over the last four or five years. And

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Speaker 1: I know the media has been broken for a very

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Speaker 1: very very long time, but specifically the last four or

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Speaker 1: five years they were uniquely disgusting. A lot of that

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Speaker 1: has to do with Donald Trump and how they viewed

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Speaker 1: Trump as this. You remember, they didn't think he was

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Speaker 1: going to win, and so as soon as he won,

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Speaker 1: they were horrified. And then the entire system got together

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Speaker 1: and they decided this is a terrible virus and has

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Speaker 1: to be purged at any cost. So they went all

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Speaker 1: in and they tried to purge him at any costs.

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Speaker 1: Two impeachments over nothing, Russian collusion investigation, day after day

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Speaker 1: after day of relentless Nazi white supremacist attacks. Will get

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Speaker 1: to that in a second. And val they did. Let's

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Speaker 1: be honest, whether you think it's cheating or otherwise, they

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Speaker 1: got rid of him, that much venom poured at him

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Speaker 1: all day long, they weaponized COVID, They got rid of him,

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Speaker 1: but they succeeded. Ay, good work, communists, good work, you

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Speaker 1: got the job done. But what they don't understand is

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Speaker 1: the rules have changed. Now. The rules have changed in

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Speaker 1: your mind, in my mind, I didn't change them. I

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Speaker 1: don't even like the new rules. I want to go

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Speaker 1: back to politics being the way it used to be.

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Speaker 1: But that's not how it is. You wantn't know why

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Speaker 1: things like January sixth happen. People sat back and they

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Speaker 1: watched you cheer on while communist street animals burn down

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Speaker 1: cities over the summer. So in their minds, the rules changed.

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Speaker 1: Why do people use horrible rhetoric now dangerous rhetoric, dangerous labels. Well,

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Speaker 1: maybe they remember some of the things you said. And

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Speaker 1: now now that the chickens are coming home to roost,

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Speaker 1: to quote Barack Obama's pastor these people, people like Nicole Wallace,

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Speaker 1: they can't believe that the dehumanizing language. And I worry

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Speaker 1: that in covering Junkin and his politics of parental choice,

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Speaker 1: all the focus was on how well it worked, and

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Speaker 1: even in our conversations about DeSantis, it's about how well

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Speaker 1: they're serving him. The truth is dehumanization as attack for

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Speaker 1: politics is from war. Dehumanization is a it's a it's

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Speaker 1: a tactic. It's being used right now. The Russians get

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Speaker 1: their soldiers to rape children by dehumanizing them. Dehumanization as

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Speaker 1: a practice is a tactic of war. You know what,

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Speaker 1: She's not wrong, And my goodness, these accusations that are

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Speaker 1: being lobbed at the communists now, I mean one, just

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Speaker 1: calling them communists. They always complain when I do that,

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Speaker 1: and now they're being called pedophiles, groomers, and that's the humanizing,

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Speaker 1: that's the humanizing. How how could we think that that's

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Speaker 1: okay in public? How how could we think that it's

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Speaker 1: okay to assign dehumanizing labels to our political opponents. Don't

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Speaker 1: we realize how dangerous that is? Well, Nicole Wallace, I'm

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Speaker 1: I'm glad you asked the question, because, boy, this person

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Speaker 1: here and this person used a lot of it. You

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Speaker 1: don't have a president, as you said, talking about exterminating

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Speaker 1: right Latina, but he's now given safe Harvard and Nazis

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Speaker 1: to white supremacists. That is part of the slow motion insurrection.

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Speaker 1: He is an insurrectionist. So they cheered at Hitler too.

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Speaker 1: I mean, I mean, nationalism isn't divorced from the capacity

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Speaker 1: to cheer a crowd. It doesn't make it right, It

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Speaker 1: doesn't make an American, and it doesn't mean that Donald

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Speaker 1: Trump isn't totally ignorant of the history of the word nationalism. Oops, Nazis,

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Speaker 1: white supremacists. Do you see, Nicole? The rules changed, You

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Speaker 1: change them, and now you will live under them. When

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Speaker 1: people say to me, Jesse, you shouldn't call me a communist,

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Speaker 1: that is dehumanizing it's dangerous. It's a dangerous escalation. And

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Speaker 1: you know what I say to them, man, I am

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Speaker 1: I am sorry about that dangerous escalized escalation. I'm sorry

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Speaker 1: about the label I've put on you. Sincerely, Nazi, white

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Speaker 1: supremacist Nicole. You changed it. The game has changed now,

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Speaker 1: the rules have changed. You wanted to accelerate everything. You

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Speaker 1: decided anything and everything was acceptable in the effort to

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Speaker 1: remove the Trump virus from your system. Okay, well, now

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Speaker 1: anything and everything's acceptable. And those of us on the

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Speaker 1: right who watched what you did, we changed with you.

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Speaker 1: You remember this clip we played yesterday of jensak crying.

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Speaker 1: I'm gonna get emotional about this issue because it's just

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Speaker 1: it's horrible. But but you know, it's it's like kids

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Speaker 1: who are bullied and they just make all these leaders

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Speaker 1: are taking steps to hurt them and hurt their lives

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Speaker 1: and hurt their families. And you look at some of

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Speaker 1: these laws in these states, and it is going after

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Speaker 1: parents who are in loving relationships, who have kids. It's

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Speaker 1: completely outrageous, but it is. It is a wedge issues. Sorry,

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Speaker 1: this is an issue that makes me completely crazy. Oh

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Speaker 1: she's crying. Good, the rules have changed. You pedophile, enabling monster.

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Speaker 1: I'm glad you're crying. I hope you went home that

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Speaker 1: night and cried yourself to sleep. I hope you woke

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Speaker 1: up again this morning and cried. Because people who want

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Speaker 1: to pervert young children, they deserve to cry, they do,

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Speaker 1: and your tears they sustain me. And which brings me

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Speaker 1: to how we deal with the media. How do we

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Speaker 1: deal with these people? You know, Joe Biden. This video

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Speaker 1: went famous where Joe Biden gave yet another speech and

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Speaker 1: once again, when he was done blaha, mumbling and bumbling

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Speaker 1: through his speech, he didn't know where to go. And

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Speaker 1: it's amazing how often when Joe Biden finishes a speech

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Speaker 1: he doesn't know where to go. I mean, I've given

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Speaker 1: speeches before, and I will tell you there's two directions

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Speaker 1: you can go. You never go out to the out,

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Speaker 1: and you never go straight back because there's always something

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Speaker 1: behind you. You can go to your right and go

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Speaker 1: to your left, so you've got a fifty fifty shot

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Speaker 1: of knowing where to go. But he never seems to

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Speaker 1: guess the right one, which in and of itself is odd.

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Speaker 1: But anyway, this happened the other day. God bless you Okay,

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Speaker 1: what was the result of that? What the result was

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Speaker 1: the highly politicized PolitiFact. You know, they try to act

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Speaker 1: like there's some nonpartisan group. They put on some tangent

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Speaker 1: about how Joe Biden didn't really do what you just

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Speaker 1: saw him do. Just remember how disgusting these people are.

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Speaker 1: Every single thing they say is a lie. You don't

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Speaker 1: have to stream, hypocrite or liar at them. What you

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Speaker 1: have to do is immediately dis miss every single thing

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Speaker 1: the system tells you as being an outright lie because

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Speaker 1: it is play offense with these people. Go with the

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Speaker 1: rules they have given. You don't have to be happy

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Speaker 1: about it, but them's the rules. Now. All that may

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Speaker 1: have made you uncomfortable, but I'm right, We have a

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Speaker 1: great show for you tonight. We have a panel coming

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Speaker 1: up next. But before we do that, where do you

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Speaker 1: get your health insurance? I know it sucks shopping for

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Speaker 1: health insurance believing I've had to do it several times.

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Speaker 1: What about One Share Health? You know they share your values.

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Speaker 1: You know, this is a faith based insurance company that

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Speaker 1: cares about veterans. Five percent of your monthly payment goes

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Speaker 1: to veterans with PTSD. They have all the coverage you need,

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Speaker 1: no matter what it is, vision, dental, telehealth, you name it,

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Speaker 1: It's all right there. Go to my dot one, sharehealth

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Speaker 1: dot com slash Kelly promo code Jesse Kelly gets you

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Speaker 1: seventy five bucks off your enrollment. Maybe your health insurance

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Speaker 1: money every month should go to a company that doesn't

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Speaker 1: hate you. We'll be bad. The law is not about

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Speaker 1: teaching sex education. It's about teaching about gender identity. And

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Speaker 1: so what do you do if a parent or a

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Speaker 1: kid should I say, a kid in one of these

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Speaker 1: elementary schools says what about Sally? Sally has two moms

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Speaker 1: or I'm not sure if I'm a girl or a boy.

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Speaker 1: I mean, these are kids who are experiencing, you know,

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Speaker 1: these moments in their lives. I also think that these

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Speaker 1: are not There's not a big record of their being

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Speaker 1: either sex education or extensive gender identity education in these schools.

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Speaker 1: And this is creating a problem or a political cudgel

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Speaker 1: about an issue that I don't think exists. I love that. Look,

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Speaker 1: it's about teaching gender identity. By the way, they're not

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Speaker 1: even teaching gender identity. It's weird how none of these

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Speaker 1: things were a problem when I was in school. Joining

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Speaker 1: me now my friend Brandon Morris, of course, deputy managing

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Speaker 1: editor of Red State, and Shamika Michelle, contributor to The Blaze. Brandon, then, honestly,

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Speaker 1: I've had a lot of beer in my life, so

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Speaker 1: granted the brain doesn't work that well. Did they teach

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Speaker 1: this when we were in kindergarten? I just forgot about it.

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Speaker 1: As far as I'm concerned, Back when I was in kindergarten,

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Speaker 1: I was learning things like how to share, don't bite

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Speaker 1: your friends. This is a whole different kind of weird.

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Speaker 1: The fact that they're trying to push this on kids

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Speaker 1: tells me that they are out of touch with not

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Speaker 1: just reality, but I mean, like with Americans, with regular

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Speaker 1: people like you and me, like their their values seem

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Speaker 1: to have scattered to the four winds. And I'm not

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Speaker 1: exactly sure how it got there, but man, it went fast.

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Speaker 1: It went very fast. And actually that's my question to Shimika. Sharmika,

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Speaker 1: doesn't it feel like this just happened? I mean, as

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Speaker 1: much as I hate Barack Obama, it wasn't even like

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Speaker 1: this under Obama, as far as I remember, how did

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Speaker 1: this happen so fast? Jesse? I actually think It's been

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Speaker 1: happening for a long time. I can remember talking about

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Speaker 1: them teaching little boys that they can have perious and

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Speaker 1: what was going to happen in the schools, And people

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Speaker 1: told me that I was crazy because I saw this

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Speaker 1: happening very slowly. We allowed little things to creep in

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Speaker 1: and we weren't paying attention. And now we're here. We

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Speaker 1: have jen you know, raggedy Ann giving raggedy opinions as

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Speaker 1: usual and talking about it's not a problem. It's a

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Speaker 1: very big problem. And if it really wasn't a problem,

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Speaker 1: they wouldn't be making a big deal and trying to

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Speaker 1: push back on these laws, and they wouldn't be so

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Speaker 1: upset with parents that are now putting our feet down.

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Speaker 1: You know. So it's a problem. It's a big problem,

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Speaker 1: but I think it's been creeping in slowly, but surely Schmika,

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Speaker 1: you said we didn't care, and you're right or weren't aware?

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Speaker 1: Why didn't we care? We love our kids. I love

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Speaker 1: my kids. I've openly admitted I would commit virtually any

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Speaker 1: crime on behalf of my children. I love him that much.

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Speaker 1: But why didn't we care? You know? I can say

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Speaker 1: with the black community, when Obama was in charge. When

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Speaker 1: he was president, many of us voted for him simply

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Speaker 1: because he was black, And if you ask me, I

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Speaker 1: think he was used to push a lot of things

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Speaker 1: that you know, were LGBTQ plus related, and we weren't

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Speaker 1: paying attention because we had a black man in the

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Speaker 1: White House. So I think we just weren't paying attention

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Speaker 1: because he was so likable, he was so charming, and

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Speaker 1: he was doing a lot of things that would eventually

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Speaker 1: harm us. Even going back to wanting men in the

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Speaker 1: women's rest rooms like that was a big deal, especially here,

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Speaker 1: and people just it didn't matter because it was Obama

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Speaker 1: and surely mister sweet charming Woma wouldn't do anything to

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Speaker 1: hurt us, but he definitely was doing things, even small

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Speaker 1: to hurt us. I don't know why you'd want to

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Speaker 1: be in a woman's rest room anyway. Way, too much

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Speaker 1: talking from my liking, All right, Brandon, I have a

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Speaker 1: video here, Taylor Lorenz. It's all the rage here. A

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Speaker 1: bunch of people are asking if I'm going to write

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Speaker 1: about the west Holm Caleb story. No, I'm on book leave.

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Speaker 1: I can't keep writing pieces for the New York Times.

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Speaker 1: I literally do have a lot of deadlines, but journalists

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Speaker 1: who are writing about it please speak to people with

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Speaker 1: experience in online harassment. I'm not gonna lie. I've been

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Speaker 1: pretty horrified by a lot of the media coverage of this.

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Speaker 1: A lot of people are just aggregating some of the

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Speaker 1: cruelest commentary online and whipping it all up into a

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Speaker 1: news story with absolutely no comment from Caleb or Nuance

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Speaker 1: about the situation. The top story on Google yesterday was

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Speaker 1: literally this house beautiful story that docks is. Caleb puts

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Speaker 1: his full name in the story. Zero comment from this

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Speaker 1: man after this whole article gleefully encourages this online harassment

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Speaker 1: and dosing campaign. They literally use him to sell West

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Speaker 1: Furniture through affiliate links, once again commercializing a harassment and

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Speaker 1: docks in campaign. I think the media needs a total

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Speaker 1: wake up call in the way that they cover online harassment,

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Speaker 1: and this is just the latest example of it. Can

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Speaker 1: you imagine being married to that Brandon. She doesn't think

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Speaker 1: this online harassment thing is good? Oh she doesn't. That's

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Speaker 1: really surprising given the fact that she was just harassing

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Speaker 1: an anonymous Twitter users family. Okay, there's maybe something to

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Speaker 1: be said for the user herself. I mean it's a

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Speaker 1: little bit of a breach of securities for someone who

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Speaker 1: wants to remain anonymous. But you know, when you ever

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Speaker 1: you step into the political arena and you're that effective,

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Speaker 1: at some point in time, you're gonna get found out.

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Speaker 1: That's just the way it is. But the family that

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Speaker 1: seems a little off. Taylor Lrenz, in my honest opinion,

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Speaker 1: might be one of the worst journalists out there. She

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Speaker 1: made a big deal out of something that, to be

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Speaker 1: honest with you, shouldn't have been made a big deal of,

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Speaker 1: least in her part. All that the Libs of TikTok

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Speaker 1: does is take content made by leftists and puts them

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Speaker 1: on Twitter, doesn't edit them, doesn't do anything, just puts

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Speaker 1: them on Twitter, gives them a nice little signal boosts

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Speaker 1: as they call it. And apparently that was effective enough

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Speaker 1: that the left lost their minds over it and had

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Speaker 1: to go after her. Taylor Lerenz felt like she was

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Speaker 1: being a hero of some kind by going after this woman.

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Speaker 1: In truth, she took the biggest l that she possibly

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Speaker 1: couldn't actually look at the followers. Libs of TikTok has

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Speaker 1: exploded and followers. It was a strysand effect you're not

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Speaker 1: supposed to see this. This is really bad for our

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Speaker 1: democracy or whatever, and now everyone is going there, So

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Speaker 1: you know what, I think that we actually need to

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Speaker 1: be thinking Taylor Lerenz for what she did. She actually

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Speaker 1: effectively exposed the end result of a lot of these

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Speaker 1: leftist policies to the rest of the world. Good for you,

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Speaker 1: Taylor Lrenz. Thank you. Shamika Hu. Should the right hand

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Speaker 1: journalists like this If that's what we're going to call

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Speaker 1: the harassment the revealing of anonymous information, we all we

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Speaker 1: all know the woman behind that anonymous account is now

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Speaker 1: receiving death threats. In facts, people who share her name

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Speaker 1: are receiving death threats. So how should we handle such things?

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Speaker 1: I think the perfect way to handle that to be

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Speaker 1: to tell her I'm lives of TikTok's founder cousin, and

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Speaker 1: that she should show up to my door to harass

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Speaker 1: me and then my friends. I would say, well, they're

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Speaker 1: also cousins, and we welcome you to come and talk

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Speaker 1: to us about this situation. I think it speaks volumes

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Speaker 1: that instead of wanting to challenge the teachers who are

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Speaker 1: obviously grooming our kids, that you wanted to out the

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Speaker 1: person that was just taking their videos and putting it

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Speaker 1: on a different site. But I think what we should

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Speaker 1: do is let everyone know I'm her cousin. Call me Taylor.

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Speaker 1: All right, Finally, I'm gonna throw this one to both

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Speaker 1: of you. Brandon, I'm gonna go to you first. It

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Speaker 1: looks like we're on the verge of a nice twenty

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Speaker 1: twenty two election win, top the bottom the school board

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Speaker 1: to Congress. It looks like that's probably unavoidable at this

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Speaker 1: point in time. Do you think we are developing a better,

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Speaker 1: more aggressive mentality on the right where we'll actually do

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Speaker 1: something with said wins. I think that if you have

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Speaker 1: Eric the right, if Republicans have any gumption whatsoever, they're

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Speaker 1: going to use this momentum to continue to win. I

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Speaker 1: think that we have. Really all we need to do

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Speaker 1: is continue to do the right thing. I'm a little disappointed,

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Speaker 1: if I'm being honest with the right. However, I think

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Speaker 1: that we didn't arrive here just by ourselves. I think

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Speaker 1: that the era of Trump did help a lot to

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Speaker 1: teach us how to go on the offensive, which is awesome.

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Speaker 1: The Internet has allowed people to get creative with meming

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Speaker 1: and you know, making arguments and stuff like that. I

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Speaker 1: think that's great, but I think that, to be honest

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Speaker 1: with you, one of the reasons that we're here now

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Speaker 1: is because the left tried to push the Overton window

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Speaker 1: to the left very quickly. They, in their hubris, decided

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Speaker 1: that they could just start lording over people's children, shutting

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Speaker 1: things down, making everyone wear masks, vaccine mandates. I mean,

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Speaker 1: they pushed a lot of this very quickly hard to

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Speaker 1: the left, and that woke a lot of people up.

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Speaker 1: So I wouldn't exactly say that it's entirely the right's

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Speaker 1: fault that we're winning right now. The left had to

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Speaker 1: screw up majorly to get here. But that said, we

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Speaker 1: can use this momentum. We can use the lessons that

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Speaker 1: we've been taught to make ourselves better, make us a

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Speaker 1: huge winning force in America when it comes to elections.

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Speaker 1: That's going to take I think a little bit of

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Speaker 1: loosening up on our part. But otherwise, I think the

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Speaker 1: future is pretty bright for the left. Not so much

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Speaker 1: they have nothing right now, but over dramatics, they're leaderless.

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Speaker 1: I don't even know where they're going right now. Shamaica,

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Speaker 1: you know, would love for us to seize the moment,

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Speaker 1: But I can't say that I'm truly confident that many

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Speaker 1: on the right will are. There are several of them,

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Speaker 1: you being one of them that I think realize this

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Speaker 1: is a perfect opportunity, because yes, people on the left

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Speaker 1: or Democrats are feeling very tired of what they're seeing

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Speaker 1: with Boden not really knowing, you know, if he's here

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Speaker 1: or they're in his mind, and just the whole overreach

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Speaker 1: of parenting. When you mess with a MoMA and Papa bear,

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Speaker 1: you have really gone too far and you're gonna get

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Speaker 1: something that you really don't want to see. So I

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Speaker 1: think this is a perfect opportunity. I just don't know

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Speaker 1: if many on the right pass the guts to really

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Speaker 1: grab hold to this and run with it, or if

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Speaker 1: they'll go back to just being passive and thinking, oh,

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Speaker 1: this won't happen or that won't happen, and not ready

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Speaker 1: to be on the offense instead of just trying to

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Speaker 1: come to defense most of the time. Oh too late,

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Speaker 1: m a man. All right, y'all. Well, that's it for

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Speaker 1: that for now, But we have a lot more on

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Speaker 1: the show. We have soft people are excited about taking

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Speaker 1: their masks off on the planes. They are. It's universal.

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Speaker 1: We've had videos out there people crying. But they're going

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00:25:23,760 --> 00:25:26,600
Speaker 1: to try to tell you that people aren't excited about it.

425
00:25:26,680 --> 00:25:30,760
Speaker 1: Now why because they lie and it's all about control.

426
00:25:30,800 --> 00:25:32,520
Speaker 1: We'll talk about that here in just a second. Now,

427
00:25:32,520 --> 00:25:35,760
Speaker 1: before we do that. Speaking of airlines, you know there

428
00:25:35,760 --> 00:25:38,320
Speaker 1: are airlines out there that'll still trying to keep your

429
00:25:38,359 --> 00:25:40,879
Speaker 1: mask on you right now. I mean, how can you

430
00:25:41,000 --> 00:25:43,399
Speaker 1: keep track of all these things right Which corporation is

431
00:25:43,440 --> 00:25:45,800
Speaker 1: against you, which corporation is on your side? It's hard.

432
00:25:46,480 --> 00:25:48,920
Speaker 1: You're supposed to spend all day online trying to figure

433
00:25:48,960 --> 00:25:54,000
Speaker 1: this stuff out. You don't have to go download public sq.

434
00:25:54,920 --> 00:25:57,440
Speaker 1: It's right there on your app store, Google Play, Apple Store,

435
00:25:57,520 --> 00:26:00,159
Speaker 1: whatever it may be. Public sq. You want to know

436
00:26:00,200 --> 00:26:03,920
Speaker 1: which local coffee shop stood up for you, it's on

437
00:26:04,040 --> 00:26:08,439
Speaker 1: public sq. Public sq will tell you how to be

438
00:26:09,160 --> 00:26:12,280
Speaker 1: putting your money where your morals are. We'll be back.

439
00:26:18,840 --> 00:26:21,919
Speaker 1: Do you remember earlier this week we were talking about

440
00:26:21,960 --> 00:26:25,800
Speaker 1: the planes and masking and how this new ruling came out.

441
00:26:25,800 --> 00:26:28,400
Speaker 1: Federal judge in Florida said, hey, take the masks off.

442
00:26:28,400 --> 00:26:30,159
Speaker 1: You can't do that, it's against law. You remember what

443
00:26:30,200 --> 00:26:32,160
Speaker 1: I said? Do you remember what I said? In case

444
00:26:32,160 --> 00:26:34,560
Speaker 1: you don't, Here's what I said. Why would they be

445
00:26:34,600 --> 00:26:37,680
Speaker 1: disappointed you're not being forced to wear a mask anymore?

446
00:26:38,480 --> 00:26:42,080
Speaker 1: Because these people see themselves as kings and queens, and

447
00:26:42,200 --> 00:26:44,800
Speaker 1: they do believe it is important you see them as

448
00:26:44,880 --> 00:26:48,639
Speaker 1: kings and queens. And the king, well, he likes to

449
00:26:48,720 --> 00:26:52,280
Speaker 1: let the subjects know who's in charge. That's how they

450
00:26:52,400 --> 00:26:55,760
Speaker 1: view you. Yes, cry your tears of joy, be happy,

451
00:26:55,800 --> 00:26:58,800
Speaker 1: put a smile on your face, clap, call a relative, mom,

452
00:26:58,840 --> 00:27:01,160
Speaker 1: I'm fine to me Jack, if I take this mask

453
00:27:01,240 --> 00:27:04,399
Speaker 1: off my face, do all those things. Be happy, but

454
00:27:04,560 --> 00:27:09,960
Speaker 1: do not forget who still rules you. CDC just came

455
00:27:10,000 --> 00:27:15,240
Speaker 1: out they are backing the Joe Biden administration's appeal to

456
00:27:15,280 --> 00:27:20,080
Speaker 1: try to keep the mask on your face. But why,

457
00:27:20,840 --> 00:27:23,120
Speaker 1: I mean, why would they do such a thing. We

458
00:27:23,160 --> 00:27:26,119
Speaker 1: now know study after study after study shows the masks

459
00:27:26,160 --> 00:27:29,480
Speaker 1: don't even work. They know the masks don't work. That's

460
00:27:29,480 --> 00:27:31,879
Speaker 1: why they've all been caught without them a thousand times.

461
00:27:33,119 --> 00:27:34,639
Speaker 1: Why do they want to make you wear a mask?

462
00:27:35,760 --> 00:27:41,280
Speaker 1: Because they want you to remember you're a peasant, you're ruled,

463
00:27:41,800 --> 00:27:45,800
Speaker 1: You're ruled by them. They want you to know it.

464
00:27:45,800 --> 00:27:48,600
Speaker 1: It's not just that they want to rule you. They

465
00:27:48,640 --> 00:27:51,040
Speaker 1: want you to know, beyond the shadow of a doubt,

466
00:27:51,480 --> 00:27:54,439
Speaker 1: they rule you, and you have to do what you're told.

467
00:27:55,320 --> 00:27:57,520
Speaker 1: And this is why I have called time and time

468
00:27:57,560 --> 00:28:02,760
Speaker 1: again for arrests and try of public officials, both elected

469
00:28:02,800 --> 00:28:05,240
Speaker 1: and unelected. I mean, that's do keep in mind the

470
00:28:05,280 --> 00:28:08,399
Speaker 1: same CDC that's backing the Biden administrations appeal of the

471
00:28:08,440 --> 00:28:11,840
Speaker 1: mass mandate. This is the CDC that colluded with the

472
00:28:11,880 --> 00:28:16,320
Speaker 1: teachers unions to decide what the mask, what the COVID

473
00:28:16,440 --> 00:28:19,120
Speaker 1: rules should be for schools across the country, and then

474
00:28:19,160 --> 00:28:22,600
Speaker 1: schools across the country followed those rules. The teachers Union

475
00:28:22,720 --> 00:28:25,840
Speaker 1: is some kind of disease controlling scientific body. Now, No,

476
00:28:26,720 --> 00:28:30,280
Speaker 1: the Center for Disease Control was a politicized body made

477
00:28:30,320 --> 00:28:33,359
Speaker 1: up of people who believe you're a peasant, they're smart,

478
00:28:33,480 --> 00:28:36,720
Speaker 1: you're stupid, and they should rule over you. As such

479
00:28:36,720 --> 00:28:39,360
Speaker 1: as me saying it. They're flat out admitting these things.

480
00:28:39,360 --> 00:28:42,120
Speaker 1: They admit them on camera because they can't help themselves.

481
00:28:42,120 --> 00:28:46,160
Speaker 1: Here's Jensaki and the Department of Justice, as you noted,

482
00:28:46,200 --> 00:28:50,800
Speaker 1: has indicated that they would appeal, not just because they

483
00:28:50,800 --> 00:28:54,120
Speaker 1: think it's entirely reasonable, of course, to have this additional

484
00:28:54,120 --> 00:28:56,840
Speaker 1: time to look at it because they think that the

485
00:28:56,920 --> 00:29:00,720
Speaker 1: current for current and future public health crises. We want

486
00:29:00,720 --> 00:29:04,080
Speaker 1: to preserve that authority for the CDC to have in

487
00:29:04,080 --> 00:29:12,680
Speaker 1: the future. I'm sorry your concern is making sure the

488
00:29:12,760 --> 00:29:17,480
Speaker 1: CDC has that authority in the future. I told you

489
00:29:18,120 --> 00:29:22,160
Speaker 1: they think they're kings and queens. Remember I've told you

490
00:29:22,200 --> 00:29:24,960
Speaker 1: a million times. There are three things all the people

491
00:29:24,960 --> 00:29:28,280
Speaker 1: who lead your culture now have in common. That's the politicians,

492
00:29:28,320 --> 00:29:31,920
Speaker 1: that's the bureaucrats, that's the professors, entertainers, media people that

493
00:29:32,120 --> 00:29:36,600
Speaker 1: they all share these same three characteristics. One no love

494
00:29:36,600 --> 00:29:39,520
Speaker 1: of country. Oftentimes they hate the country, but there's no

495
00:29:39,600 --> 00:29:41,600
Speaker 1: love of country at all. They don't wake up ever

496
00:29:41,720 --> 00:29:45,360
Speaker 1: in field man, I love America nothing for them. Two

497
00:29:45,960 --> 00:29:49,880
Speaker 1: completely disconnected from reality. They've never lived how you live.

498
00:29:49,960 --> 00:29:52,240
Speaker 1: They have no connection to your world. It was right

499
00:29:52,360 --> 00:29:56,240
Speaker 1: from fancy upbringing to fancy Ivy League school, the congressman,

500
00:29:56,320 --> 00:30:00,400
Speaker 1: Whatever's office or MSNBC. These people have no idea how

501
00:30:00,440 --> 00:30:02,719
Speaker 1: real people live. They have no idea what it's like

502
00:30:02,800 --> 00:30:05,400
Speaker 1: to look at the gas prices you're filling up your

503
00:30:05,400 --> 00:30:08,400
Speaker 1: truck and want to break into tears because you know, ah,

504
00:30:08,400 --> 00:30:10,120
Speaker 1: it looks like we're not going out to eat again

505
00:30:10,120 --> 00:30:12,480
Speaker 1: for another week. They have no idea what that feeling

506
00:30:12,600 --> 00:30:17,040
Speaker 1: is like. And three, most importantly, for this purpose, they

507
00:30:17,080 --> 00:30:20,840
Speaker 1: believe they should rule over you as kings and queens.

508
00:30:20,840 --> 00:30:23,880
Speaker 1: And I don't mean that in a snobby way, well

509
00:30:24,080 --> 00:30:27,520
Speaker 1: I'm better than him. I mean they genuinely believe the

510
00:30:27,600 --> 00:30:31,120
Speaker 1: limits placed on them by the Western democracies, if that's

511
00:30:31,120 --> 00:30:32,400
Speaker 1: what you want to call it, even though we're not

512
00:30:32,400 --> 00:30:35,920
Speaker 1: a democracy, the limits placed on them. They believe those

513
00:30:35,960 --> 00:30:39,719
Speaker 1: limits are absurd. They hate those limits. They believe they

514
00:30:39,720 --> 00:30:42,760
Speaker 1: are of a higher class and they should rule over

515
00:30:43,000 --> 00:30:45,840
Speaker 1: us as kings and queens. And that's why they do

516
00:30:46,440 --> 00:30:50,800
Speaker 1: the things they do. All right, how's the economy doing.

517
00:30:51,200 --> 00:30:53,440
Speaker 1: What's going on with inflation. We're going to talk about

518
00:30:53,480 --> 00:30:55,520
Speaker 1: that in just a moment. Before we do that, though,

519
00:30:56,040 --> 00:31:00,240
Speaker 1: let's talk about Eden Pure. When I talk to you

520
00:31:00,280 --> 00:31:03,840
Speaker 1: about Eden pure thunderstorm, I want you to know I

521
00:31:03,880 --> 00:31:06,240
Speaker 1: wasn't a believer either. When a friend first told me

522
00:31:06,240 --> 00:31:08,720
Speaker 1: about even pure thunderstorm. We're actually having a conversation about

523
00:31:08,760 --> 00:31:11,320
Speaker 1: allergies or whatnot, and I was telling him about the

524
00:31:11,360 --> 00:31:13,120
Speaker 1: air pure fires we always keep in the house, we

525
00:31:13,120 --> 00:31:15,040
Speaker 1: always have had him, and I told him that man,

526
00:31:15,040 --> 00:31:16,360
Speaker 1: I've got to have it. It's the only thing that

527
00:31:16,400 --> 00:31:18,640
Speaker 1: provides me. I had even relieve my eyes itching. And

528
00:31:18,720 --> 00:31:21,360
Speaker 1: he said, trying Eden Pure. And when I first got it,

529
00:31:21,360 --> 00:31:22,880
Speaker 1: I put it out of the box said somebody's like

530
00:31:22,920 --> 00:31:24,840
Speaker 1: that big and I'm used to the big ones, right,

531
00:31:24,840 --> 00:31:27,480
Speaker 1: And I said, what what is this? But this isn't

532
00:31:27,480 --> 00:31:33,320
Speaker 1: gonna do anything. I was wrong. It's amazing. I went

533
00:31:33,360 --> 00:31:35,800
Speaker 1: out a bought two more. I now own three. Keep

534
00:31:35,840 --> 00:31:37,760
Speaker 1: one where I sleep, one where my son's sleep, and

535
00:31:37,840 --> 00:31:41,200
Speaker 1: one in the general living area. Go and do likewise

536
00:31:41,240 --> 00:31:43,480
Speaker 1: because you can get it for two hundred dollars off.

537
00:31:43,880 --> 00:31:45,960
Speaker 1: They have a three pack for two hundred dollars off.

538
00:31:46,080 --> 00:31:49,080
Speaker 1: Right now. You have to go to eden Pure deals

539
00:31:49,160 --> 00:31:52,440
Speaker 1: dot com and use the code Jesse and you get

540
00:31:52,440 --> 00:31:54,960
Speaker 1: a three pack for two hundred dollars off. How about that.

541
00:31:55,920 --> 00:32:08,760
Speaker 1: We'll be back today. The United States is announcing that

542
00:32:08,800 --> 00:32:12,200
Speaker 1: we've intend to provide an additional five hundred million dollars

543
00:32:12,320 --> 00:32:16,400
Speaker 1: in direct economic assistance to the Ukrainian government. This brings

544
00:32:16,400 --> 00:32:19,520
Speaker 1: our total economic support for Ukraine to one billion dollars

545
00:32:19,560 --> 00:32:24,680
Speaker 1: in the past two months. Okay, one, I'm not sure

546
00:32:24,720 --> 00:32:27,560
Speaker 1: about that. I remember eight hundred million, and now that's

547
00:32:27,560 --> 00:32:29,720
Speaker 1: five hundred million. Now I went to community college, but

548
00:32:30,120 --> 00:32:32,320
Speaker 1: carry the one. I actually think that's one point three.

549
00:32:32,360 --> 00:32:34,160
Speaker 1: But you know what, let's just talk to John Carney

550
00:32:34,160 --> 00:32:36,600
Speaker 1: about this, because he knows and I don't. John Carney

551
00:32:36,680 --> 00:32:39,840
Speaker 1: joins me, now, Bright Barton News Finance and Economics reporter.

552
00:32:40,160 --> 00:32:42,400
Speaker 1: All right, John, exactly how much money have we sent

553
00:32:42,480 --> 00:32:46,880
Speaker 1: to Ukraine? Nobody really does? Look they're going to keep

554
00:32:46,920 --> 00:32:50,440
Speaker 1: sending money to the Ukraine. You can do the math

555
00:32:50,640 --> 00:32:54,240
Speaker 1: on what we've publicly announced, but we're I guarantee we're

556
00:32:54,240 --> 00:32:57,640
Speaker 1: sending a lot more than anything we are admitting to

557
00:32:57,880 --> 00:33:02,880
Speaker 1: sending right now. Okay, all right, John, I do have

558
00:33:02,920 --> 00:33:06,680
Speaker 1: to ask. It's not that I'm unsympathetic, especially to civilians

559
00:33:06,720 --> 00:33:10,000
Speaker 1: being bombed out of their homes in Ukraine, but I'm

560
00:33:10,080 --> 00:33:13,320
Speaker 1: shocked there's enough of an appetite in America for them

561
00:33:13,360 --> 00:33:16,520
Speaker 1: to do this kind of thing. With inflation running rampant here,

562
00:33:16,720 --> 00:33:18,520
Speaker 1: it is tough when you go to the gas pump

563
00:33:18,640 --> 00:33:20,920
Speaker 1: or go try to buy bacon anymore, to wake up

564
00:33:20,920 --> 00:33:22,960
Speaker 1: the next day and find out we're sending five hundred

565
00:33:23,000 --> 00:33:26,800
Speaker 1: million dollars to Ukraine. That's right. Look, I think a

566
00:33:26,800 --> 00:33:30,360
Speaker 1: lot of Americans are very sympathetic. We don't like to

567
00:33:30,400 --> 00:33:34,840
Speaker 1: see what's happening in Ukraine, but we don't want to

568
00:33:35,000 --> 00:33:37,600
Speaker 1: have our government over spending. We already know that the

569
00:33:37,640 --> 00:33:42,280
Speaker 1: government spent way too much money in the last year

570
00:33:42,320 --> 00:33:45,840
Speaker 1: when we were coming out of the pandemic procession, the

571
00:33:45,880 --> 00:33:49,840
Speaker 1: Biden administration kept spending money. These dollars will eventually make

572
00:33:49,880 --> 00:33:53,080
Speaker 1: their way back to the US and be inflationary here.

573
00:33:53,360 --> 00:33:56,560
Speaker 1: Remember when we print dollars, when we spend money, when

574
00:33:56,560 --> 00:34:00,280
Speaker 1: the government keeps ramping up deficit and this is deposits beending.

575
00:34:00,280 --> 00:34:03,360
Speaker 1: There's no taxes funding this extra spending. There's no cuts

576
00:34:03,400 --> 00:34:06,680
Speaker 1: coming from anywhere else. So this is extra money being

577
00:34:06,720 --> 00:34:10,480
Speaker 1: printed and we are going to eventually that will add

578
00:34:10,520 --> 00:34:14,319
Speaker 1: to the inflationary courses in the US. Okay, John, I'm

579
00:34:14,360 --> 00:34:17,760
Speaker 1: glad you brought up inflation because I have a question.

580
00:34:17,760 --> 00:34:19,239
Speaker 1: I don't even want to ask, but you're the man

581
00:34:19,280 --> 00:34:21,080
Speaker 1: I have to ask it too, so I'm asking it.

582
00:34:21,680 --> 00:34:24,480
Speaker 1: We have inflation now. It's really bad. As you just

583
00:34:24,480 --> 00:34:27,600
Speaker 1: pointed out, They're not slowing down on the spending. If anything,

584
00:34:27,640 --> 00:34:31,680
Speaker 1: they're ramping it up. How does this result in anything

585
00:34:32,120 --> 00:34:37,520
Speaker 1: but hyperinflation? What am I missing there not a lot.

586
00:34:37,560 --> 00:34:41,200
Speaker 1: We are going to get a lot more inflation. Inflation

587
00:34:41,320 --> 00:34:44,560
Speaker 1: isn't going away. There's a theory that maybe we hit

588
00:34:44,719 --> 00:34:49,320
Speaker 1: peak inflation in March just because it was so high,

589
00:34:49,320 --> 00:34:51,359
Speaker 1: but there's not a lot of evidence for that. In fact,

590
00:34:51,440 --> 00:34:55,000
Speaker 1: the evidence that's coming in most recently today we got

591
00:34:55,000 --> 00:34:57,680
Speaker 1: a report from the Philadelphia bed that showed that the

592
00:34:57,760 --> 00:35:00,960
Speaker 1: prices that manufacturers are paid for he puts to the

593
00:35:00,960 --> 00:35:05,920
Speaker 1: goods they're making hit a record high. So the most manufacturers,

594
00:35:05,960 --> 00:35:09,959
Speaker 1: so the biggest percentage of manufacturers ever recorded, say their

595
00:35:10,000 --> 00:35:13,400
Speaker 1: prices went up not just over the last year, but

596
00:35:13,680 --> 00:35:18,439
Speaker 1: from March to April. So inflation is still raging, very hot,

597
00:35:18,960 --> 00:35:22,080
Speaker 1: and there's not a good sign of it going away anytime.

598
00:35:22,280 --> 00:35:24,960
Speaker 1: That that is going to try to hike rates enough

599
00:35:25,000 --> 00:35:27,160
Speaker 1: to get it under control, but it's not clear they

600
00:35:27,160 --> 00:35:31,600
Speaker 1: can do that without putting us into a recession, which

601
00:35:31,600 --> 00:35:33,920
Speaker 1: actually led me to my next question. I understand they're

602
00:35:33,920 --> 00:35:36,759
Speaker 1: going to hike rates to try to avoid hyper inflation.

603
00:35:36,840 --> 00:35:39,480
Speaker 1: I get that, But doesn't that in and of itself

604
00:35:39,600 --> 00:35:43,480
Speaker 1: simply wreck the economy When you don't have access to cash.

605
00:35:43,840 --> 00:35:46,440
Speaker 1: This is going to be a big problem. They're going

606
00:35:46,480 --> 00:35:49,320
Speaker 1: to try to engineers what they call a soft landing,

607
00:35:49,640 --> 00:35:52,560
Speaker 1: which means, you know that they slow the economy down

608
00:35:52,920 --> 00:35:57,319
Speaker 1: enough that the price hikes get under control, but not

609
00:35:57,400 --> 00:36:01,359
Speaker 1: so much that they cause employment to rise a lot.

610
00:36:01,440 --> 00:36:04,279
Speaker 1: It's going to rise a little. I don't think there's

611
00:36:04,360 --> 00:36:08,319
Speaker 1: any way you get what some economists are calling immaculate disinflation,

612
00:36:08,640 --> 00:36:12,920
Speaker 1: which is where you still have record low unemployment and

613
00:36:13,520 --> 00:36:15,799
Speaker 1: we get inflation under control. I don't. I don't see

614
00:36:15,800 --> 00:36:18,319
Speaker 1: a pathway for that happening. What I do see the

615
00:36:18,360 --> 00:36:23,840
Speaker 1: pathway for is that it's possible, just slightly possible, we

616
00:36:23,920 --> 00:36:27,120
Speaker 1: avoid an outright recession, but unemployment is going to go

617
00:36:27,239 --> 00:36:31,759
Speaker 1: up before we get inflation under control. Okay, if John

618
00:36:31,800 --> 00:36:34,400
Speaker 1: Carney was in charge, which would actually be nice, how

619
00:36:34,480 --> 00:36:36,800
Speaker 1: would John Carney in our current situation. I know you

620
00:36:36,800 --> 00:36:38,960
Speaker 1: wouldn't have gotten us in this, but in our current situation,

621
00:36:39,000 --> 00:36:42,000
Speaker 1: how would you avoid a recession? I don't think. I

622
00:36:42,080 --> 00:36:44,879
Speaker 1: don't think I could avoid a recession. I don't think

623
00:36:45,000 --> 00:36:47,920
Speaker 1: the smartest people in the world can avoid a recession.

624
00:36:48,000 --> 00:36:50,880
Speaker 1: Now the mistakes were made, we're going to have to

625
00:36:50,960 --> 00:36:54,480
Speaker 1: pay for our passive mistakes, and there's not a lot

626
00:36:54,520 --> 00:36:56,920
Speaker 1: of way if I got lucky. I could avoid a recession,

627
00:36:57,080 --> 00:36:59,480
Speaker 1: That's all I can tell you. You know, maybe you

628
00:36:59,480 --> 00:37:02,640
Speaker 1: could avoid it, but practically I think the bigger danger

629
00:37:02,680 --> 00:37:07,200
Speaker 1: is inflation. So I would risk recession to avoid erasing

630
00:37:07,239 --> 00:37:11,960
Speaker 1: people's bank accounts with fifteen percent inflation next year. Yeah,

631
00:37:13,080 --> 00:37:16,279
Speaker 1: all right, John, this was a doozy. Elizabeth Warren came

632
00:37:16,280 --> 00:37:18,920
Speaker 1: out and had this to say. So, we've got all

633
00:37:18,920 --> 00:37:22,359
Speaker 1: these companies that are at record profits, and because of

634
00:37:22,400 --> 00:37:27,280
Speaker 1: increased concentration, there's no way to compete those prices back down.

635
00:37:27,960 --> 00:37:31,440
Speaker 1: So you've got these multiple threads running through here. So

636
00:37:31,719 --> 00:37:34,360
Speaker 1: my view on this first is it's not going to

637
00:37:34,440 --> 00:37:39,440
Speaker 1: look like this in another five months. It will be different. Now,

638
00:37:39,800 --> 00:37:42,319
Speaker 1: will it be enough? Will inflation be down? I can't

639
00:37:42,360 --> 00:37:47,080
Speaker 1: make that prediction. But we do know supply chain kinks

640
00:37:47,080 --> 00:37:49,560
Speaker 1: are working their way out. We don't know what will

641
00:37:49,600 --> 00:37:53,520
Speaker 1: happen with the pandemic. We do know people have their jobs.

642
00:37:53,880 --> 00:37:56,160
Speaker 1: But what we need to be doing is we need

643
00:37:56,200 --> 00:38:00,600
Speaker 1: to be talking about the good economic news that is

644
00:38:00,680 --> 00:38:07,240
Speaker 1: in part tied to the challenges of inflation. John, what's

645
00:38:07,280 --> 00:38:10,759
Speaker 1: the good economic news? So unemployment is very low, so

646
00:38:10,800 --> 00:38:14,279
Speaker 1: there is that bit of good economic news. But her

647
00:38:14,719 --> 00:38:18,960
Speaker 1: thesis is entirely wrong. The idea that we are going

648
00:38:19,000 --> 00:38:22,319
Speaker 1: to work out the supply chain kinks and that that

649
00:38:22,480 --> 00:38:26,000
Speaker 1: is the major driver of inflation is just inaccurate. First

650
00:38:26,000 --> 00:38:30,520
Speaker 1: of all, inflation right now is being driven by excess demand.

651
00:38:30,880 --> 00:38:33,880
Speaker 1: This isn't just my opinion. Jason Furman, who's a Harvard

652
00:38:33,880 --> 00:38:37,879
Speaker 1: professor worked in the Obama administration top economic advisor, says

653
00:38:37,960 --> 00:38:40,440
Speaker 1: it's demand driven. It's going to be persistent in demand driven.

654
00:38:40,719 --> 00:38:43,960
Speaker 1: Number two, we're not working out the chinks in the

655
00:38:44,000 --> 00:38:47,760
Speaker 1: supply chain, in large part because we're still addicted to China.

656
00:38:48,120 --> 00:38:51,480
Speaker 1: So what we have right now is China shutting down

657
00:38:51,880 --> 00:38:56,040
Speaker 1: entire cities because of COVID. So as long as that

658
00:38:56,120 --> 00:39:00,520
Speaker 1: keeps happening, our supply chain problems are going to get worse. Plus,

659
00:39:00,560 --> 00:39:03,760
Speaker 1: we have a war in Ukraine, which is creating problems

660
00:39:03,800 --> 00:39:07,000
Speaker 1: for all sorts of commodities, So these problems are going

661
00:39:07,040 --> 00:39:10,239
Speaker 1: to get worse before they get better. Food inflation is

662
00:39:10,280 --> 00:39:12,880
Speaker 1: coming in the future. The food inflation we've had so

663
00:39:12,920 --> 00:39:15,080
Speaker 1: far has nothing to do with the war in Ukraine

664
00:39:15,320 --> 00:39:18,680
Speaker 1: that's going to come later this year. We are going

665
00:39:18,719 --> 00:39:23,239
Speaker 1: to have very potentially not a lot of relief when

666
00:39:23,239 --> 00:39:25,520
Speaker 1: it comes to oil in part because you have all

667
00:39:25,520 --> 00:39:28,720
Speaker 1: this ESG investing that says if you invest in bussil fuels,

668
00:39:29,000 --> 00:39:32,240
Speaker 1: you are a bad, bad company, bad person. Even today

669
00:39:32,239 --> 00:39:35,200
Speaker 1: we got news that activists are protesting the state of

670
00:39:35,239 --> 00:39:39,120
Speaker 1: Oregon because they have fossil fuel investments. Guess what if

671
00:39:39,120 --> 00:39:41,520
Speaker 1: you don't invest in fossil fuels, the price of gasoline

672
00:39:41,600 --> 00:39:44,359
Speaker 1: keeps going up, inflation keeps getting worse. So I don't

673
00:39:44,400 --> 00:39:48,400
Speaker 1: see these problems working out five months from now. Just magically.

674
00:39:48,440 --> 00:39:51,640
Speaker 1: That's the theory I just mentioned evacultous inflation. We just

675
00:39:52,440 --> 00:39:56,040
Speaker 1: managed to get threats of how every indicator is going

676
00:39:56,080 --> 00:40:01,920
Speaker 1: the other way. What's the Beige Book? The Beige Book

677
00:40:02,000 --> 00:40:03,600
Speaker 1: is a book that used to be beige, and it

678
00:40:03,719 --> 00:40:09,920
Speaker 1: used to be a book. It is ever reserves report

679
00:40:09,560 --> 00:40:13,080
Speaker 1: from each of the twelve fags on what's going on

680
00:40:13,239 --> 00:40:16,040
Speaker 1: in the business communities in their local areas. So you

681
00:40:16,080 --> 00:40:17,920
Speaker 1: get a report from the Boston Fed, in the New

682
00:40:18,000 --> 00:40:21,680
Speaker 1: York Fed, in the Philly Fed about what businesses are

683
00:40:21,719 --> 00:40:26,520
Speaker 1: saying about business conditions, about inflation, about credit conditions. And

684
00:40:26,640 --> 00:40:29,839
Speaker 1: it's a collection of anecdotes. But it's looked at for

685
00:40:29,880 --> 00:40:32,799
Speaker 1: two reasons. One, it's more up to date than a

686
00:40:32,800 --> 00:40:35,640
Speaker 1: lot of the economic data we get, which tends to

687
00:40:35,680 --> 00:40:38,239
Speaker 1: be like looking at last month or the month before that,

688
00:40:38,560 --> 00:40:42,360
Speaker 1: or even three months ago. To the beneficials seem to

689
00:40:42,360 --> 00:40:44,319
Speaker 1: pay a lot of attention to the Beige Book, So

690
00:40:44,360 --> 00:40:47,680
Speaker 1: it tells us what they might do when it comes

691
00:40:47,680 --> 00:40:53,160
Speaker 1: to the economy in the future. John. Finally, static management

692
00:40:53,280 --> 00:40:57,160
Speaker 1: in China, what does that even mean? It means lockdowns.

693
00:40:57,200 --> 00:40:59,400
Speaker 1: They don't want to say lockdowns because when they announced

694
00:40:59,400 --> 00:41:01,840
Speaker 1: are going to lock out of city, people panic and

695
00:41:01,880 --> 00:41:04,600
Speaker 1: they buy everything they can they try to get out

696
00:41:04,600 --> 00:41:08,360
Speaker 1: of the city. So now they've started calling it static management,

697
00:41:08,400 --> 00:41:10,920
Speaker 1: but it means they're locking down the city and what

698
00:41:11,120 --> 00:41:14,279
Speaker 1: And as I was saying earlier, this has implications for

699
00:41:14,360 --> 00:41:17,680
Speaker 1: the US economy and the global economy. But the US economy,

700
00:41:18,000 --> 00:41:20,960
Speaker 1: it's we don't export too much to China, so that's

701
00:41:20,960 --> 00:41:23,240
Speaker 1: not a big problem for US, but we do import

702
00:41:23,360 --> 00:41:26,200
Speaker 1: lots of things, so we may have shortages in the

703
00:41:26,320 --> 00:41:29,319
Speaker 1: US of stuff we buy from China. Believe it or not,

704
00:41:29,360 --> 00:41:33,839
Speaker 1: we're more dependent on imports from China now than we

705
00:41:33,840 --> 00:41:41,080
Speaker 1: were before the pandemic. So we've gone the wrong Yeah,

706
00:41:41,120 --> 00:41:45,120
Speaker 1: because you can't believe it Sean Carney. Thank you so much, man,

707
00:41:45,160 --> 00:41:50,319
Speaker 1: I appreciate you. Thanks for having beyond Oh, we're more

708
00:41:50,400 --> 00:41:54,400
Speaker 1: dependent now than before. All right, you know what we need.

709
00:41:54,920 --> 00:42:07,640
Speaker 1: We need to lighten the mood. It's coming up. All right,

710
00:42:07,840 --> 00:42:10,799
Speaker 1: it's time to lighten the mood. You know what's underrated,

711
00:42:11,760 --> 00:42:14,759
Speaker 1: hatred in sports. Let's stay with it. You stay with me.

712
00:42:15,320 --> 00:42:18,440
Speaker 1: I know maybe you're the gentle type and you enjoy

713
00:42:18,560 --> 00:42:21,560
Speaker 1: watching all the players high five and hug each other.

714
00:42:21,680 --> 00:42:24,400
Speaker 1: And I love you, buddy, even though we're on opposing teams.

715
00:42:24,760 --> 00:42:28,200
Speaker 1: I hate that sports is better with hatred. I want

716
00:42:28,200 --> 00:42:30,839
Speaker 1: the football team getting in a big brawl in at

717
00:42:30,920 --> 00:42:33,799
Speaker 1: midfield before the game even starts. Why Because then I

718
00:42:33,840 --> 00:42:36,160
Speaker 1: know the game is going to be even spicier. So

719
00:42:36,200 --> 00:42:38,560
Speaker 1: when I saw this video, yes saidy, everybody was outraged

720
00:42:38,600 --> 00:42:44,520
Speaker 1: about it, I thought, five, that's sweet. Or Central has

721
00:42:44,560 --> 00:42:48,600
Speaker 1: taken the lead here in game one? Whoa whoa my

722
00:42:49,120 --> 00:42:57,760
Speaker 1: oh no aint one? Oh whoa myne oh no, ain't one?

723
00:42:58,560 --> 00:43:04,239
Speaker 1: Oh whoa why oh no? Guy needs to go out

724
00:43:04,239 --> 00:43:06,719
Speaker 1: for the football team. All right, Hey, we got a

725
00:43:06,760 --> 00:43:09,640
Speaker 1: special tomorrow, twenty twenty two is coming. As we just

726
00:43:09,640 --> 00:43:11,600
Speaker 1: talked about earlier in the show, probably gonna be a

727
00:43:11,640 --> 00:43:14,640
Speaker 1: good year for us, right, Well, do you think Democrats

728
00:43:14,640 --> 00:43:16,560
Speaker 1: are just going to let that happen? Do you think

729
00:43:16,600 --> 00:43:20,080
Speaker 1: they're going to try to pull some things special drops tomorrow?

730
00:43:20,120 --> 00:43:22,120
Speaker 1: If you're a First TV supporter and we're going to

731
00:43:22,200 --> 00:43:24,680
Speaker 1: talk a lot about what they're going to try to do,

732
00:43:24,760 --> 00:43:28,000
Speaker 1: go download the First TV app, become a First TV supporter,

733
00:43:28,320 --> 00:43:31,000
Speaker 1: and you'll be able to watch it tomorrow. See you then,