1 00:00:00,520 --> 00:00:02,360 Speaker 1: Welcome to the Tutor Dixon Podcast. 2 00:00:02,480 --> 00:00:05,040 Speaker 2: Well, you know that groceries are now breaking the bank, 3 00:00:05,240 --> 00:00:08,920 Speaker 2: gas prices are soaring, and mortgage rates are through the roof, 4 00:00:09,200 --> 00:00:14,200 Speaker 2: but the biden administration still says that Bidenomics is working. Well, 5 00:00:14,320 --> 00:00:17,680 Speaker 2: I've got the former economic policy advisor to President Trump, 6 00:00:17,800 --> 00:00:20,279 Speaker 2: Larry Cudlow with me here to give us his take. 7 00:00:20,560 --> 00:00:23,200 Speaker 2: You can catch him every weekday at four pm Eastern 8 00:00:23,239 --> 00:00:26,960 Speaker 2: on his Fox Business show. Larry, Welcome to the podcast. 9 00:00:27,040 --> 00:00:30,240 Speaker 2: Tell us what you think about Bidenomics nomics. 10 00:00:30,400 --> 00:00:33,040 Speaker 3: Biden Nomics is not doing well. That's what I would 11 00:00:33,040 --> 00:00:39,360 Speaker 3: say about biden Omics. Listen, the problem with Bidenomics is 12 00:00:40,760 --> 00:00:44,600 Speaker 3: the issue of affordability. And you mentioned a couple things. 13 00:00:45,800 --> 00:00:50,040 Speaker 3: You know, gasoline prices. Gasoline prices have come down, but 14 00:00:50,080 --> 00:00:52,280 Speaker 3: they're still way ahead of where they were a couple of. 15 00:00:52,320 --> 00:00:55,200 Speaker 4: Years ago where Donald Trump left them. 16 00:00:55,880 --> 00:01:00,720 Speaker 3: And wages have gone up and people are working. But 17 00:01:00,800 --> 00:01:04,920 Speaker 3: the trouble is the level of the consumer price index 18 00:01:05,000 --> 00:01:07,320 Speaker 3: has gone up much more so. 19 00:01:07,720 --> 00:01:10,160 Speaker 4: Again, real wages are falling. 20 00:01:10,280 --> 00:01:14,959 Speaker 3: Ordinary working folks, typical families probably lost something in the 21 00:01:14,959 --> 00:01:18,560 Speaker 3: neighborhood of seven thousand dollars in the last couple of 22 00:01:18,600 --> 00:01:23,480 Speaker 3: years and again in the prior years they rose by 23 00:01:23,600 --> 00:01:27,679 Speaker 3: almost seven thousand dollars according to new revisions coming out 24 00:01:27,680 --> 00:01:30,560 Speaker 3: of the government. And then the other problem you've got, 25 00:01:30,600 --> 00:01:35,880 Speaker 3: besides real wages falling, grocery prices have been rising at 26 00:01:35,920 --> 00:01:39,160 Speaker 3: a substantial rate. I mean, actually, you know, it's so 27 00:01:39,280 --> 00:01:44,600 Speaker 3: much fun here. Economists, heaven forbid. Economists love to look 28 00:01:44,640 --> 00:01:48,600 Speaker 3: at the inflation rate and they say, well, we have 29 00:01:48,720 --> 00:01:51,320 Speaker 3: to look at the core rate. We have to exclude 30 00:01:51,440 --> 00:01:56,240 Speaker 3: food and energy. So I think that's a big problem 31 00:01:56,640 --> 00:02:05,440 Speaker 3: because food aka groceries and energy aka gasoline, those are 32 00:02:05,600 --> 00:02:10,040 Speaker 3: the necessities, the essentials of life, of day to day life. 33 00:02:10,320 --> 00:02:12,400 Speaker 1: Absolutely, that's what I spend all my money on. 34 00:02:12,960 --> 00:02:16,240 Speaker 3: Yeah, I mean, so I just looked at it when 35 00:02:16,280 --> 00:02:20,440 Speaker 3: we got the third quarter data, third quarter numbers on 36 00:02:20,680 --> 00:02:23,800 Speaker 3: GDP and the GDP deflator. 37 00:02:24,440 --> 00:02:27,320 Speaker 4: So I took out everything. 38 00:02:28,000 --> 00:02:32,360 Speaker 3: I took out everything but food and energy, okay, because 39 00:02:32,400 --> 00:02:35,040 Speaker 3: that's what you should be looking at if you're worried 40 00:02:35,080 --> 00:02:38,639 Speaker 3: about middle class living. And so it turns out that 41 00:02:38,760 --> 00:02:42,919 Speaker 3: number is up six point six percent at an annual rate, 42 00:02:43,280 --> 00:02:47,360 Speaker 3: all right, whereas the overall deflator was only up about 43 00:02:47,360 --> 00:02:50,959 Speaker 3: three little over three percent, which itself is too high 44 00:02:51,680 --> 00:02:55,840 Speaker 3: the necessities of life, food and energy up nearly seven 45 00:02:55,919 --> 00:02:57,399 Speaker 3: percent at an annual rate. 46 00:02:57,680 --> 00:02:59,440 Speaker 4: That's the problem with bidnomics. 47 00:03:00,120 --> 00:03:05,080 Speaker 3: Level of prices has gone up markedly, almost twenty percent 48 00:03:05,120 --> 00:03:09,480 Speaker 3: in the last three nearly three years, and that's killed people. 49 00:03:09,919 --> 00:03:14,240 Speaker 3: You're working, but you're losing ground. You're working harder and 50 00:03:14,280 --> 00:03:18,640 Speaker 3: you're buying less. That's the problem. Life is not affordable 51 00:03:19,040 --> 00:03:22,560 Speaker 3: for middle income people. And actually, by the way, lower 52 00:03:22,600 --> 00:03:27,280 Speaker 3: income people, I mean minority groups get even harder than 53 00:03:27,360 --> 00:03:31,480 Speaker 3: middle class people do, at least in low income minority groups. 54 00:03:31,600 --> 00:03:34,520 Speaker 3: So that's the problem with bi nomics. The last point 55 00:03:34,520 --> 00:03:38,640 Speaker 3: I'll make is you know home buying. You want to 56 00:03:39,080 --> 00:03:41,640 Speaker 3: have a home, buy a home, that's the American dream. 57 00:03:42,280 --> 00:03:45,880 Speaker 3: So the problem there is mortgage rates are now over 58 00:03:45,960 --> 00:03:51,040 Speaker 3: eight percent, and that makes housing affordability I think I 59 00:03:51,160 --> 00:03:54,880 Speaker 3: just saw from the National Association of Homebuilders it's the 60 00:03:54,920 --> 00:03:56,640 Speaker 3: worst in something like twenty years. 61 00:03:56,920 --> 00:03:57,320 Speaker 2: Wow. 62 00:03:58,120 --> 00:03:59,880 Speaker 4: You know, these are the difficulties. 63 00:04:00,200 --> 00:04:05,200 Speaker 3: And look, the root cause of this, the root cause 64 00:04:05,240 --> 00:04:09,480 Speaker 3: of this is too much spending, too much money, printing, 65 00:04:10,080 --> 00:04:14,640 Speaker 3: too much borrowing, and these things feed into the inflation rate. 66 00:04:15,720 --> 00:04:19,080 Speaker 3: So you know, that's the failure of bidnomics. I mean 67 00:04:19,120 --> 00:04:21,279 Speaker 3: we can. There are the things to talk about, the 68 00:04:21,320 --> 00:04:24,400 Speaker 3: war against fossil fuels, for example, but those are the 69 00:04:24,560 --> 00:04:25,640 Speaker 3: those are the basics. 70 00:04:25,680 --> 00:04:27,880 Speaker 2: Tutor, Well, let me ask you that because when we 71 00:04:27,920 --> 00:04:30,640 Speaker 2: talked to Donald Trump and I asked him about the 72 00:04:30,720 --> 00:04:33,920 Speaker 2: situation with inflation and just in general, the overall costs 73 00:04:33,920 --> 00:04:36,920 Speaker 2: that are costing, as you said, low income families the most, 74 00:04:37,560 --> 00:04:42,400 Speaker 2: he simply said, drill, drill, baby, drill, which I from 75 00:04:42,440 --> 00:04:45,720 Speaker 2: your perspective, is that the answer, because right now we 76 00:04:45,800 --> 00:04:49,560 Speaker 2: see Biden stepping further away from America drilling oil. 77 00:04:50,040 --> 00:04:55,640 Speaker 3: Yes, well, I think President Trump was right. It's not 78 00:04:55,760 --> 00:04:58,359 Speaker 3: the only factor, but it's really a major factor, you know. 79 00:04:58,920 --> 00:05:00,760 Speaker 1: So why is it a major factor? 80 00:05:00,800 --> 00:05:03,799 Speaker 2: Because, I mean, is that because as the oil prices 81 00:05:03,839 --> 00:05:07,279 Speaker 2: go higher, it's hired to transport everything, and then everything 82 00:05:07,320 --> 00:05:07,760 Speaker 2: goes up. 83 00:05:07,800 --> 00:05:09,280 Speaker 1: Is that what we're seeing happening. 84 00:05:10,320 --> 00:05:12,200 Speaker 3: I'm not turning my back on you. I'm going to 85 00:05:13,040 --> 00:05:14,840 Speaker 3: I'm going to get you a list. I have this 86 00:05:14,920 --> 00:05:20,080 Speaker 3: wonderful list that I keep. Most folks do not understand 87 00:05:20,200 --> 00:05:27,120 Speaker 3: how important oil and petroleum is to the economy. So 88 00:05:27,720 --> 00:05:33,120 Speaker 3: when President Trump says drill, baby, drill, he's right. We 89 00:05:33,240 --> 00:05:37,200 Speaker 3: got it up to thirteen million barrels a day. Then 90 00:05:37,240 --> 00:05:41,839 Speaker 3: after the pandemic, you know, Biden and his war against 91 00:05:41,920 --> 00:05:46,480 Speaker 3: fossil fuels, it recovered briefly, and then it came back down. 92 00:05:46,760 --> 00:05:49,280 Speaker 3: It's come back to about twelve and a half million 93 00:05:49,320 --> 00:05:52,440 Speaker 3: barrels a day, but it ought to be about fourteen 94 00:05:52,560 --> 00:05:54,120 Speaker 3: or fifteen million barrels a day. 95 00:05:54,160 --> 00:05:54,960 Speaker 4: That's the problem. 96 00:05:55,120 --> 00:05:58,080 Speaker 3: If you were drilling and the rig count was up, 97 00:05:58,440 --> 00:06:02,839 Speaker 3: you'd be about fourteen million barrels a day. So prices 98 00:06:02,880 --> 00:06:06,440 Speaker 3: are eighty to ninety dollars a barrel right now, you know, 99 00:06:06,520 --> 00:06:09,800 Speaker 3: follow me with this. Eighty to ninety gasoline is around 100 00:06:09,800 --> 00:06:14,080 Speaker 3: three and a half dollars. Okay, If you drilled properly, 101 00:06:14,760 --> 00:06:17,599 Speaker 3: you didn't have a war against fossil fuels, and you 102 00:06:17,600 --> 00:06:20,840 Speaker 3: didn't have all this socialist breed New Deal stuff, you'd 103 00:06:20,839 --> 00:06:23,719 Speaker 3: basically be fourteen to fifteen million. What would that do 104 00:06:23,800 --> 00:06:27,640 Speaker 3: to prices? That would bring prices down? I would say, tutor, 105 00:06:28,240 --> 00:06:30,000 Speaker 3: you know, hard to be exact, but it would be 106 00:06:30,080 --> 00:06:33,040 Speaker 3: close to fifty dollars a barrel, not eighty or ninety 107 00:06:33,080 --> 00:06:35,880 Speaker 3: dollars a bowl. And the price of gasoline would be 108 00:06:36,000 --> 00:06:39,560 Speaker 3: closer to two dollars or maybe two fifty it wouldn't 109 00:06:39,560 --> 00:06:40,520 Speaker 3: be a three to fifty. 110 00:06:40,839 --> 00:06:43,840 Speaker 4: So that's now. Look at here's another point. 111 00:06:45,279 --> 00:06:52,120 Speaker 3: Hundreds hundreds of prices throughout every nook and cranny in 112 00:06:52,200 --> 00:07:00,720 Speaker 3: the economy are affected by refined petroleum products. All right, 113 00:07:00,800 --> 00:07:04,599 Speaker 3: follow me on this. It's not only gasoly Okay, can 114 00:07:04,640 --> 00:07:07,000 Speaker 3: I just read you? We'll have some fun here. I 115 00:07:07,000 --> 00:07:09,040 Speaker 3: don't know if you have a couple hours. No, I'm 116 00:07:09,080 --> 00:07:12,200 Speaker 3: just kidding. I had this list. I carried it around 117 00:07:12,240 --> 00:07:16,760 Speaker 3: with me. It's from the Energy Department. Okay, it's fossil energy, 118 00:07:17,400 --> 00:07:22,239 Speaker 3: and it really comes to refined petroleum in our daily lives. 119 00:07:22,240 --> 00:07:23,840 Speaker 4: Are you ready ye? 120 00:07:24,400 --> 00:07:35,520 Speaker 3: Air mattresses, anti freeze, antihistamines, anti septics, asphalt, aspirin. I'm 121 00:07:35,640 --> 00:07:44,520 Speaker 3: just just eyebowingness, boats, cameras, candies, car batteries and cases, 122 00:07:45,200 --> 00:07:50,560 Speaker 3: cell phones, clothes, coffee makers. 123 00:07:51,480 --> 00:07:54,200 Speaker 4: Here's one cold cream. All right. We both have to 124 00:07:54,240 --> 00:07:55,840 Speaker 4: take our makeup off every day. 125 00:07:55,880 --> 00:08:04,600 Speaker 3: You crayons, credit cards, curtains, denture adhesives. 126 00:08:04,640 --> 00:08:06,120 Speaker 4: Now I'm skipping over stuff. 127 00:08:06,200 --> 00:08:14,040 Speaker 3: I'm just dishwashing liquids, dog collars, electric blankets, all right. 128 00:08:14,120 --> 00:08:16,440 Speaker 4: Now, fertilizers. 129 00:08:16,480 --> 00:08:20,200 Speaker 3: Fertilizers are very important because that goes into food prices. 130 00:08:21,400 --> 00:08:24,400 Speaker 2: And that has been outrageous the past few years is 131 00:08:24,400 --> 00:08:26,720 Speaker 2: the cost of fertilizer, and it has costs. That is 132 00:08:26,720 --> 00:08:29,040 Speaker 2: another reason our food prices are higher. 133 00:08:29,240 --> 00:08:35,320 Speaker 3: Here's some golf bags, golf balls, guitar strings, hair colors. 134 00:08:35,400 --> 00:08:44,720 Speaker 4: I won't mention that, ice buckets, lipstick, money, lipstick, luggage mops. Okay. 135 00:08:45,320 --> 00:08:48,679 Speaker 4: Now we go into pharmaceuticals. 136 00:08:48,880 --> 00:08:52,880 Speaker 3: Okay, drugs that we use every day again, including aspirin, 137 00:08:53,960 --> 00:09:04,920 Speaker 3: refrigerator linings, roller skate wheels, roofing, rubber, cement, shoes, vandals, sunglasses, surfboards. 138 00:09:04,960 --> 00:09:07,320 Speaker 4: I'm sure you're out there surfboarding in Michigan. 139 00:09:07,960 --> 00:09:14,880 Speaker 3: Tennis, rackets okay, I played college varsity tennis. Tires, toothbrushes, 140 00:09:16,320 --> 00:09:22,240 Speaker 3: transparent take trash bags, truck and automobile parts, TV cabinets. 141 00:09:22,280 --> 00:09:22,679 Speaker 4: Okay. 142 00:09:22,960 --> 00:09:29,240 Speaker 3: So when I say hundreds of items of ordinary life, okay, 143 00:09:29,960 --> 00:09:33,600 Speaker 3: those are affected by the price of oil, and so 144 00:09:33,920 --> 00:09:38,000 Speaker 3: oil between eighty and ninety dollars, which may get back 145 00:09:38,040 --> 00:09:40,120 Speaker 3: to one hundred, got as high as one hundred and 146 00:09:40,120 --> 00:09:44,400 Speaker 3: twenty five, causes all these prices to go up and 147 00:09:44,440 --> 00:09:49,200 Speaker 3: your living standards to go down. If you drilled properly 148 00:09:50,080 --> 00:09:53,360 Speaker 3: and we had a high rig cap and these big 149 00:09:53,360 --> 00:09:59,400 Speaker 3: oil companies were investing in new fracking. For example, Harold Ham, 150 00:09:59,440 --> 00:10:02,679 Speaker 3: our friend, you'd be closer to fifty dollars a barrow, 151 00:10:03,160 --> 00:10:04,760 Speaker 3: and you'd be close to the three and a half 152 00:10:04,760 --> 00:10:08,360 Speaker 3: bucks of gasoline, and all these prices I just mentioned, 153 00:10:08,440 --> 00:10:11,640 Speaker 3: every one of these prices would be twenty five to 154 00:10:11,760 --> 00:10:13,400 Speaker 3: fifty percent lower. 155 00:10:13,840 --> 00:10:16,640 Speaker 4: So what does that mean. It means whatever you're. 156 00:10:16,480 --> 00:10:22,200 Speaker 3: Making your take home pay would buy more because these 157 00:10:22,240 --> 00:10:23,400 Speaker 3: prices would be less. 158 00:10:23,520 --> 00:10:26,200 Speaker 1: Let's take a quick commercial break. We'll continue next on 159 00:10:26,240 --> 00:10:27,640 Speaker 1: the Tutor Dixon Podcast. 160 00:10:31,080 --> 00:10:33,199 Speaker 2: Actually, it's funny that you go through all of these 161 00:10:33,240 --> 00:10:35,559 Speaker 2: things because I think people don't realize that. I mean, 162 00:10:35,760 --> 00:10:37,840 Speaker 2: remember the controversy a few years ago, I think was 163 00:10:37,880 --> 00:10:40,199 Speaker 2: north Face or something that came out and said they 164 00:10:40,240 --> 00:10:42,760 Speaker 2: were against big oil in there, and big oil laughed 165 00:10:42,760 --> 00:10:46,600 Speaker 2: and said, how do you think you make your jackets? 166 00:10:46,840 --> 00:10:47,400 Speaker 4: Exactly? 167 00:10:47,640 --> 00:10:49,920 Speaker 3: By the way, if you go into you know, God forbid, 168 00:10:49,960 --> 00:10:53,440 Speaker 3: you go into an operating room, probably seventy five percent 169 00:10:53,480 --> 00:10:57,199 Speaker 3: of the things these doctors use have a petroleum base 170 00:10:57,360 --> 00:10:57,800 Speaker 3: to them. 171 00:10:58,280 --> 00:11:00,840 Speaker 2: Yeah, I mean, so I used to be manufacturing and 172 00:11:00,880 --> 00:11:05,080 Speaker 2: I sold tool and die steel. Everything was plastic, injection 173 00:11:05,200 --> 00:11:07,199 Speaker 2: molding and so we would see all of the new 174 00:11:07,240 --> 00:11:09,439 Speaker 2: trim and everything on the cars before they were coming out. 175 00:11:09,440 --> 00:11:11,439 Speaker 1: And just the other day I was sitting in. 176 00:11:11,160 --> 00:11:14,280 Speaker 2: The car with a guy who's never been in manufacturing, 177 00:11:14,320 --> 00:11:17,600 Speaker 2: and I said, just for a moment, look at every 178 00:11:17,679 --> 00:11:21,680 Speaker 2: piece on your car, every button, every little detail, every 179 00:11:22,040 --> 00:11:26,560 Speaker 2: little chromed piece. All of this is coming from oil. 180 00:11:26,720 --> 00:11:29,200 Speaker 2: I mean, these are all made. That is all a 181 00:11:29,240 --> 00:11:32,600 Speaker 2: direct result of somebody manufacturing this with a plastics process, 182 00:11:32,600 --> 00:11:35,200 Speaker 2: and that's all coming from oil. So my question to 183 00:11:35,240 --> 00:11:38,199 Speaker 2: you is, we are seeing this push to get rid 184 00:11:38,200 --> 00:11:41,680 Speaker 2: of fossil fuels, nobody really understands all of the things 185 00:11:41,679 --> 00:11:43,560 Speaker 2: they make. But in addition to that, we had a 186 00:11:43,600 --> 00:11:46,160 Speaker 2: state senator who was on the floor a couple days 187 00:11:46,160 --> 00:11:48,520 Speaker 2: ago and he gave a very compelling speech. He's also 188 00:11:48,559 --> 00:11:52,080 Speaker 2: a dairy farmer in the Upper Peninsula of Michigan, and 189 00:11:52,120 --> 00:11:55,360 Speaker 2: he said that the I think as the governor is 190 00:11:55,440 --> 00:11:59,360 Speaker 2: now wanting to take two hundred and sixty thousand acres 191 00:11:59,400 --> 00:12:02,360 Speaker 2: of farmland and put solar farms on them. He said, 192 00:12:02,400 --> 00:12:04,520 Speaker 2: let me tell you how that affects me, because if 193 00:12:04,520 --> 00:12:06,719 Speaker 2: my buddy to the right of me decides, I'd rather 194 00:12:06,760 --> 00:12:09,200 Speaker 2: get three thousand dollars a month of subsidies from my 195 00:12:09,360 --> 00:12:12,520 Speaker 2: land and gets rid of his dairy farm, and to 196 00:12:12,600 --> 00:12:15,480 Speaker 2: the left of me the same He said, Suddenly nobody 197 00:12:15,520 --> 00:12:20,120 Speaker 2: wants to come and service any of my equipment, Come 198 00:12:20,160 --> 00:12:21,719 Speaker 2: out and help me put my farm. If I have 199 00:12:21,800 --> 00:12:23,480 Speaker 2: a problem, I can't go to the neighbors because they 200 00:12:23,480 --> 00:12:25,560 Speaker 2: don't have a dairy farm anymore. He said, your food 201 00:12:25,559 --> 00:12:29,040 Speaker 2: security is at risk as long as you are focused 202 00:12:29,040 --> 00:12:31,240 Speaker 2: on only one thing, and that is getting rid of 203 00:12:31,320 --> 00:12:35,040 Speaker 2: fossil fuels and bringing in these solar farms and wind farms. 204 00:12:35,160 --> 00:12:37,920 Speaker 2: So how serious is this If we get rid of 205 00:12:38,160 --> 00:12:40,760 Speaker 2: fossil fuels and we are how many things are we 206 00:12:40,800 --> 00:12:42,920 Speaker 2: putting into jeopardy right now by doing this? 207 00:12:43,520 --> 00:12:48,400 Speaker 3: It's catastrophic. Look, can I just say it can't happen 208 00:12:48,760 --> 00:12:53,560 Speaker 3: and it won't appen. You have these left wing climate 209 00:12:53,640 --> 00:12:59,160 Speaker 3: change people run in the administration, and this has been 210 00:12:59,200 --> 00:13:04,040 Speaker 3: their great dream for years. But let's be very clear. 211 00:13:04,600 --> 00:13:09,080 Speaker 3: If you go underneath the climate change hood, think of 212 00:13:09,120 --> 00:13:10,880 Speaker 3: it as hood of a car. 213 00:13:11,040 --> 00:13:13,640 Speaker 4: Go underneath that hood. What you have. 214 00:13:15,160 --> 00:13:19,800 Speaker 3: Is an ideology that is against free market capitalism. Okay, 215 00:13:20,400 --> 00:13:26,600 Speaker 3: these people are central planners. This is Soviet style five 216 00:13:26,679 --> 00:13:28,679 Speaker 3: year plans, ten year plans. 217 00:13:29,440 --> 00:13:31,040 Speaker 4: They are opposed to business. 218 00:13:31,679 --> 00:13:34,960 Speaker 3: In one of the key aspects of the Biden administration 219 00:13:35,280 --> 00:13:39,120 Speaker 3: across the board in everything they do, is the massive 220 00:13:39,360 --> 00:13:46,040 Speaker 3: volume thousands of new regulations aimed at controlling business or 221 00:13:46,320 --> 00:13:48,480 Speaker 3: stopping business right. 222 00:13:48,559 --> 00:13:52,640 Speaker 2: And people mistakenly think that that is to protect the 223 00:13:52,679 --> 00:13:55,520 Speaker 2: earth and the future. But it doesn't protect the earth 224 00:13:55,559 --> 00:13:56,160 Speaker 2: in the future. 225 00:13:56,960 --> 00:13:57,000 Speaker 4: No. 226 00:13:57,280 --> 00:14:02,000 Speaker 3: I And interestingly enough to another point on this is, 227 00:14:04,440 --> 00:14:05,400 Speaker 3: let's say you want. 228 00:14:05,240 --> 00:14:07,320 Speaker 4: To produce a wind farm. 229 00:14:07,559 --> 00:14:10,880 Speaker 3: I'm not against wind energy, and I'm not against solar energy, 230 00:14:11,520 --> 00:14:14,680 Speaker 3: you know, I just am against the idea that you're 231 00:14:14,679 --> 00:14:18,760 Speaker 3: going to abolish fossil energy. But if you want to 232 00:14:18,760 --> 00:14:22,120 Speaker 3: build a wind farm, you are going to create a 233 00:14:22,160 --> 00:14:25,400 Speaker 3: tremendous output of carbon. 234 00:14:26,400 --> 00:14:27,880 Speaker 4: Make no mistake about that. 235 00:14:28,960 --> 00:14:33,760 Speaker 3: The equipment you use, the construction, the excavation, all of 236 00:14:33,760 --> 00:14:38,280 Speaker 3: that will release massive amounts of carbon into the air. 237 00:14:38,960 --> 00:14:42,600 Speaker 3: You'll also destroy the environment. I mean, these wind farms 238 00:14:42,640 --> 00:14:46,400 Speaker 3: are several hundred square miles or more, and you're just 239 00:14:46,480 --> 00:14:49,800 Speaker 3: going to dig up the environment. You're going to wreck 240 00:14:49,880 --> 00:14:53,400 Speaker 3: whatever wildlife is there, you know, talk about endangered species. 241 00:14:53,440 --> 00:14:54,960 Speaker 4: You're going to destroy all that stuff. 242 00:14:55,640 --> 00:15:01,040 Speaker 3: So people haven't thought this through and the Biden administration has, 243 00:15:01,440 --> 00:15:08,760 Speaker 3: my opinion, purposely avoided explaining to people what it means 244 00:15:08,880 --> 00:15:11,720 Speaker 3: to replace fossil energy with. 245 00:15:13,680 --> 00:15:15,040 Speaker 4: Wind or solar energy. 246 00:15:15,400 --> 00:15:18,760 Speaker 3: They had never given you a roadmap, they've never been 247 00:15:18,880 --> 00:15:23,560 Speaker 3: specific about the carbon cost or the overall cost in 248 00:15:23,680 --> 00:15:24,760 Speaker 3: dollars and cents. 249 00:15:25,280 --> 00:15:27,240 Speaker 4: And then, finally, as I'm. 250 00:15:27,040 --> 00:15:33,160 Speaker 3: Sure you're aware, because they are opposed to drilling and 251 00:15:33,360 --> 00:15:39,960 Speaker 3: excavation of minerals which are necessary for electric powered car batteries, 252 00:15:40,400 --> 00:15:44,440 Speaker 3: you're helping China, which is our enemy. Okay, you know 253 00:15:44,680 --> 00:15:52,800 Speaker 3: we have the minerals here to produce electric car batteries, 254 00:15:52,920 --> 00:15:56,080 Speaker 3: and I'm not opposed to electric cars. Okay, but but 255 00:15:56,320 --> 00:16:01,680 Speaker 3: but the same regulations that are stopping fossil fuel excavation 256 00:16:02,160 --> 00:16:06,920 Speaker 3: apply to other minerals, and those minerals are necessary for 257 00:16:07,040 --> 00:16:09,920 Speaker 3: the very batteries to power the cars. So when they 258 00:16:09,960 --> 00:16:15,040 Speaker 3: say gas powered cars end in twenty thirty five, you 259 00:16:15,120 --> 00:16:17,520 Speaker 3: sort of scratch your head and you go, how are 260 00:16:17,560 --> 00:16:18,280 Speaker 3: we going to do this? 261 00:16:18,880 --> 00:16:21,520 Speaker 4: Well, the answer is, well, buy China. 262 00:16:21,720 --> 00:16:24,000 Speaker 3: We'll just have to buy a whole China because China 263 00:16:24,040 --> 00:16:28,720 Speaker 3: has the mineral resources and they excavate it. So this 264 00:16:28,880 --> 00:16:31,880 Speaker 3: is silly. The whole thing is silly, and that's why 265 00:16:31,920 --> 00:16:34,280 Speaker 3: it is so unpopular. You know, by two to one, 266 00:16:34,520 --> 00:16:38,240 Speaker 3: people do not want to end gas powered automobiles. 267 00:16:39,160 --> 00:16:41,680 Speaker 2: That was actually what I was going to say, because 268 00:16:42,120 --> 00:16:44,840 Speaker 2: we just saw Ford say they're not going to open 269 00:16:44,880 --> 00:16:47,920 Speaker 2: this battery plant that they had promised in Kentucky. They 270 00:16:48,040 --> 00:16:50,640 Speaker 2: are putting a hold on the one that they were 271 00:16:50,680 --> 00:16:53,960 Speaker 2: talking about in Michigan. Is this I mean you could 272 00:16:54,000 --> 00:16:56,120 Speaker 2: say this is maybe because of the strike, but is 273 00:16:56,120 --> 00:16:59,760 Speaker 2: it more because they're realizing that we're well, people are 274 00:16:59,760 --> 00:17:02,440 Speaker 2: not a posed to electric vehicles. Not everybody wants to 275 00:17:02,440 --> 00:17:04,439 Speaker 2: go out and buy one and rely fully on an 276 00:17:04,480 --> 00:17:06,880 Speaker 2: electric vehicle. I mean, even the Ford CEO came out 277 00:17:06,920 --> 00:17:09,240 Speaker 2: and said, we're finding out that this is more of 278 00:17:09,400 --> 00:17:12,080 Speaker 2: I mean I'm paraphrasing, but a rich man's toy than 279 00:17:12,160 --> 00:17:13,399 Speaker 2: an actual daily driver. 280 00:17:14,080 --> 00:17:16,520 Speaker 3: Well, they lost four and a half billion dollars last 281 00:17:16,560 --> 00:17:19,879 Speaker 3: year on the EVS side. You always think keeping for 282 00:17:20,000 --> 00:17:25,000 Speaker 3: it in business is the is the suv and truck business. 283 00:17:25,280 --> 00:17:27,840 Speaker 3: That's the only that's where they make their money, and 284 00:17:27,880 --> 00:17:31,800 Speaker 3: not Sedan's by the way, it's the SUVs and trucks. Look, 285 00:17:32,119 --> 00:17:36,040 Speaker 3: I don't know the current CEO Forbes. I work for it. 286 00:17:36,119 --> 00:17:40,199 Speaker 3: I work closely with the prior CEOs. I do know 287 00:17:40,280 --> 00:17:44,000 Speaker 3: Mary Barra very well from General Motors. Mary Barra is 288 00:17:44,000 --> 00:17:47,080 Speaker 3: a very smart woman, but she's a dreamer. She came 289 00:17:47,160 --> 00:17:50,280 Speaker 3: up through the planning stage. She's never really done cars 290 00:17:50,320 --> 00:17:53,960 Speaker 3: per se. And you will see the same out of them. 291 00:17:54,000 --> 00:17:57,440 Speaker 3: They're losing money handover fitts trying to jam down these 292 00:17:57,480 --> 00:18:01,760 Speaker 3: electric vehicles. Folks don't want them, all right, some folks, 293 00:18:01,800 --> 00:18:05,080 Speaker 3: some well to do folks want them, okay. I wrote 294 00:18:05,119 --> 00:18:10,600 Speaker 3: in one a super rich money manager two years ago. 295 00:18:10,720 --> 00:18:14,080 Speaker 3: In Palm Beach, Florida. We're at a dinner party. Everybody 296 00:18:14,119 --> 00:18:17,040 Speaker 3: will leave ten o'clock at night. He says, come, I 297 00:18:17,040 --> 00:18:18,760 Speaker 3: want to show you my new tesla. 298 00:18:18,840 --> 00:18:19,480 Speaker 4: He has tesla. 299 00:18:19,880 --> 00:18:21,719 Speaker 3: And I'm not going to mention this guy's name. He's 300 00:18:21,760 --> 00:18:24,879 Speaker 3: a be very good conservative on man. But anyway, so 301 00:18:25,240 --> 00:18:26,920 Speaker 3: I want you to take a ride in my tesla. 302 00:18:27,359 --> 00:18:29,800 Speaker 3: So we're we're in the middle of pomp Beach, Florida, 303 00:18:29,840 --> 00:18:32,840 Speaker 3: and I get into the car and there's no lights. 304 00:18:32,880 --> 00:18:34,040 Speaker 4: It's actually pitch start. 305 00:18:34,280 --> 00:18:37,200 Speaker 3: He guns the engine, which you don't hear, and I'm 306 00:18:37,240 --> 00:18:40,040 Speaker 3: doing sixty miles an hour or more in about one 307 00:18:40,080 --> 00:18:43,080 Speaker 3: and a half seconds. Okay, I got that. I got that, 308 00:18:43,520 --> 00:18:47,240 Speaker 3: and it was a thrill. Now you have to pay 309 00:18:47,240 --> 00:18:49,760 Speaker 3: about one hundred and fifty thousand dollars for that car, 310 00:18:50,400 --> 00:18:53,240 Speaker 3: all right, So it is a rich person's toy. 311 00:18:53,359 --> 00:18:53,679 Speaker 4: Okay. 312 00:18:53,760 --> 00:18:56,600 Speaker 3: I'm not against him. I happen to like Elon Musk. 313 00:18:56,640 --> 00:18:58,160 Speaker 3: I know the guy did a little bit of work 314 00:18:58,200 --> 00:19:00,760 Speaker 3: with him in the White House. But this is not 315 00:19:00,800 --> 00:19:03,200 Speaker 3: for everybody. A lot of people would like to buy 316 00:19:03,240 --> 00:19:06,439 Speaker 3: a thirty five thousand dollar car, okay, or a forty 317 00:19:06,480 --> 00:19:09,080 Speaker 3: five thousand dollars car, But theato need to buy a 318 00:19:09,119 --> 00:19:12,720 Speaker 3: seventy five thousand dollars electric vehicle just because Joe Biden 319 00:19:12,760 --> 00:19:13,439 Speaker 3: says you have to. 320 00:19:14,440 --> 00:19:15,959 Speaker 1: Well, you talked about China. 321 00:19:16,080 --> 00:19:18,040 Speaker 2: I want to get into that a little bit, because 322 00:19:18,160 --> 00:19:21,959 Speaker 2: it does seem like we are trading national security for 323 00:19:22,000 --> 00:19:23,960 Speaker 2: what we say is going to be economic growth that 324 00:19:24,080 --> 00:19:26,480 Speaker 2: doesn't seem to be economic growth. And we're bringing some 325 00:19:26,600 --> 00:19:29,520 Speaker 2: of these companies right into the United States, like this 326 00:19:29,600 --> 00:19:32,879 Speaker 2: company in Michigan that is supposedly making some sort of 327 00:19:33,359 --> 00:19:36,360 Speaker 2: electric battery component, but we're hearing that it's not even 328 00:19:36,400 --> 00:19:38,520 Speaker 2: staying in the United States, that it will ship out 329 00:19:38,560 --> 00:19:42,800 Speaker 2: of the United States. So why are we bringing under 330 00:19:42,840 --> 00:19:47,120 Speaker 2: the guise of being green and being a cleaner nation 331 00:19:47,280 --> 00:19:49,399 Speaker 2: even though China is not going to be green or 332 00:19:49,440 --> 00:19:52,959 Speaker 2: be a cleaner nation. Why are we bringing in companies 333 00:19:53,000 --> 00:19:56,600 Speaker 2: that are affiliated with the Chinese Communist Party into the 334 00:19:56,720 --> 00:19:58,680 Speaker 2: United States? And how dangerous is that? 335 00:20:00,119 --> 00:20:00,679 Speaker 4: Good question? 336 00:20:01,400 --> 00:20:04,000 Speaker 3: The answer is, you're giving up a lot of national security, 337 00:20:04,040 --> 00:20:08,639 Speaker 3: you're giving up a lot of economic security. You know, 338 00:20:09,280 --> 00:20:12,560 Speaker 3: I was on the China trade team, and I thought 339 00:20:12,680 --> 00:20:16,800 Speaker 3: President Trump his Phase one China deal was a pretty 340 00:20:16,800 --> 00:20:17,240 Speaker 3: good deal. 341 00:20:19,520 --> 00:20:22,119 Speaker 4: Not all of it is being implemented. Some of it 342 00:20:22,200 --> 00:20:23,440 Speaker 4: is his. 343 00:20:23,880 --> 00:20:29,280 Speaker 3: Trade rep Robert Leitheiser, Bob Lighteous is a very dear 344 00:20:29,359 --> 00:20:34,800 Speaker 3: friend of mine, did a great negotiating job. I don't 345 00:20:34,840 --> 00:20:38,960 Speaker 3: know that they're going to implement it. Here's the key point. 346 00:20:39,920 --> 00:20:42,800 Speaker 3: It's not electric cars that worry me, although I think 347 00:20:42,840 --> 00:20:44,600 Speaker 3: it's silliness because we're going to have to buy the 348 00:20:44,680 --> 00:20:49,080 Speaker 3: minerals for the batteries from China. So it's like it's 349 00:20:49,119 --> 00:20:54,800 Speaker 3: like the China Economic Growth Act. But what is so 350 00:20:54,840 --> 00:21:00,399 Speaker 3: important here is technology. You know, America is a world 351 00:21:00,480 --> 00:21:06,000 Speaker 3: leader and technology and an advanced technology and that is 352 00:21:06,040 --> 00:21:11,800 Speaker 3: the lifeblood of our economy. That's where the inventions and innovations. 353 00:21:12,520 --> 00:21:15,960 Speaker 3: That's where the high paying jobs come from. That's where 354 00:21:16,000 --> 00:21:19,760 Speaker 3: the new businesses come from. It's all about advanced technology, 355 00:21:19,840 --> 00:21:23,960 Speaker 3: which we still do better than anybody else in the world. Okay, 356 00:21:25,160 --> 00:21:30,080 Speaker 3: we cannot This is what Lightheiser taught me. We cannot 357 00:21:30,760 --> 00:21:37,359 Speaker 3: give up our technological advance. It is the heart of 358 00:21:37,440 --> 00:21:44,320 Speaker 3: the American economy. And so when we had negotiations, you know, 359 00:21:44,480 --> 00:21:47,680 Speaker 3: from Trump and She all the way down the line, 360 00:21:49,160 --> 00:21:54,320 Speaker 3: we said, look, you are stealing our technology, and we 361 00:21:54,359 --> 00:21:55,240 Speaker 3: can't allow that. 362 00:21:57,160 --> 00:21:58,720 Speaker 4: We cannot allow. 363 00:21:58,920 --> 00:22:03,560 Speaker 3: Intellectual property to be stolen. You are stealing it left 364 00:22:03,560 --> 00:22:09,199 Speaker 3: and right. We cannot allow the forced transfer of technology. 365 00:22:09,400 --> 00:22:12,840 Speaker 3: So an American company goes to China, as a lot 366 00:22:12,880 --> 00:22:17,040 Speaker 3: of them did in the nineteen nineties, in the two thousands, 367 00:22:17,520 --> 00:22:22,280 Speaker 3: the Chinese require that they own fifty one percent of 368 00:22:22,320 --> 00:22:26,520 Speaker 3: the company and they control the board of directors. Okay, 369 00:22:27,119 --> 00:22:30,959 Speaker 3: so what do they do. They said, they make you 370 00:22:31,240 --> 00:22:36,200 Speaker 3: put their your blueprint on the table. They order you 371 00:22:36,280 --> 00:22:38,800 Speaker 3: to do this in order for you to continue to 372 00:22:38,840 --> 00:22:43,080 Speaker 3: trade with them. Blueprints on the table, they make notes, 373 00:22:43,440 --> 00:22:47,320 Speaker 3: they do reverse engineering, and they steal our technology, our 374 00:22:47,400 --> 00:22:52,480 Speaker 3: intellectual property. This cannot be permitted. And if that means, 375 00:22:52,520 --> 00:22:55,880 Speaker 3: and I'm I tend to be a free trader. President 376 00:22:55,880 --> 00:22:58,480 Speaker 3: Trump kissed me about this all the time, but I 377 00:22:58,600 --> 00:23:03,120 Speaker 3: supported him on his China tariffs because we cannot allow 378 00:23:03,240 --> 00:23:08,600 Speaker 3: them to steal our intellectual property and our advanced technology. 379 00:23:08,680 --> 00:23:09,600 Speaker 4: We cannot allow that. 380 00:23:10,200 --> 00:23:14,679 Speaker 3: And it's not only an economic issue, Tutor, it's a 381 00:23:15,119 --> 00:23:18,800 Speaker 3: national security issue because of the defense weaponry, as you 382 00:23:18,840 --> 00:23:21,440 Speaker 3: can well imagine, So the stakes. 383 00:23:21,040 --> 00:23:21,840 Speaker 4: Here are very high. 384 00:23:22,600 --> 00:23:25,720 Speaker 2: Why do we even allow we have on so many 385 00:23:25,760 --> 00:23:30,159 Speaker 2: of our defense product projects, we have a ninety percent 386 00:23:30,240 --> 00:23:31,240 Speaker 2: buy America clause. 387 00:23:31,320 --> 00:23:32,920 Speaker 1: Why is it just that? 388 00:23:33,000 --> 00:23:35,560 Speaker 2: Why aren't there there are certain standards where you can't 389 00:23:35,600 --> 00:23:38,480 Speaker 2: buy from countries that are adversarial. 390 00:23:40,000 --> 00:23:42,760 Speaker 3: Well, I would agree with that. I think that's something 391 00:23:42,800 --> 00:23:45,520 Speaker 3: that has to be looked into. You need a tough 392 00:23:45,560 --> 00:23:46,880 Speaker 3: administration to do it. 393 00:23:47,480 --> 00:23:49,960 Speaker 4: We don't have that now, But we don't. 394 00:23:50,320 --> 00:23:52,399 Speaker 2: I mean, and I think that that is why a 395 00:23:52,400 --> 00:23:55,040 Speaker 2: lot of Americans feel very nervous right now. They see 396 00:23:55,080 --> 00:23:58,200 Speaker 2: what's happening in Israel, they see what's happening with Russia, 397 00:23:58,240 --> 00:24:02,160 Speaker 2: they see what's happening with North Korea, China, Russia ran 398 00:24:02,320 --> 00:24:05,240 Speaker 2: all talking, and they feel very concerned about a man 399 00:24:05,280 --> 00:24:07,640 Speaker 2: who looks so frail on the world stage. 400 00:24:08,200 --> 00:24:10,920 Speaker 1: And really it seems as though Biden. 401 00:24:10,680 --> 00:24:12,960 Speaker 2: Is not the man that he was when he was senator, 402 00:24:13,080 --> 00:24:14,960 Speaker 2: not even when he was vice president, and was he 403 00:24:15,040 --> 00:24:18,359 Speaker 2: even capable of being president in those times. But now 404 00:24:18,400 --> 00:24:20,639 Speaker 2: he is the president, and he seems to have an 405 00:24:20,680 --> 00:24:24,080 Speaker 2: administration that is very young, very goofy, a lot of 406 00:24:24,119 --> 00:24:27,959 Speaker 2: people that are questioning their own lifestyle, and yet they 407 00:24:28,040 --> 00:24:32,440 Speaker 2: are making key decisions for the country and making huge mistakes, 408 00:24:32,440 --> 00:24:35,600 Speaker 2: like even the social media mistake where they are putting 409 00:24:35,640 --> 00:24:39,000 Speaker 2: out pictures of our special forces. Those are errors that 410 00:24:39,160 --> 00:24:42,160 Speaker 2: cannot be made from the president of the United States. 411 00:24:42,440 --> 00:24:45,159 Speaker 2: So how do the American people feel comfortable with this? 412 00:24:45,400 --> 00:24:48,000 Speaker 2: And how do we get our candidates for president to 413 00:24:48,040 --> 00:24:50,359 Speaker 2: get the message out that you got to vote for 414 00:24:50,400 --> 00:24:54,280 Speaker 2: a Republican in twenty four because this is not going 415 00:24:54,359 --> 00:24:55,879 Speaker 2: to be This is not going to end well if 416 00:24:55,880 --> 00:24:57,320 Speaker 2: Biden has another four years. 417 00:24:58,680 --> 00:24:59,600 Speaker 4: Yeah, well, you know. 418 00:25:04,080 --> 00:25:11,880 Speaker 3: Trump took out Solomone, all right, Solomone, who was Iran's 419 00:25:13,200 --> 00:25:14,960 Speaker 3: a head of. 420 00:25:16,640 --> 00:25:19,359 Speaker 4: Terror operations. He was the number one guy. 421 00:25:21,160 --> 00:25:25,760 Speaker 3: So Solomone lived a lavish lifestyle and he's coming out 422 00:25:25,760 --> 00:25:28,399 Speaker 3: of an Iraq airport and he's going to visit an 423 00:25:28,400 --> 00:25:32,400 Speaker 3: Iranian command and control center in Iraq and got into 424 00:25:32,400 --> 00:25:33,919 Speaker 3: a car and Trump took him out. 425 00:25:34,359 --> 00:25:38,560 Speaker 4: He and his driver. What did Iran do? They didn't 426 00:25:38,560 --> 00:25:39,040 Speaker 4: do anything. 427 00:25:39,680 --> 00:25:43,600 Speaker 3: You know why because this economic and energy sanctions that 428 00:25:43,640 --> 00:25:47,000 Speaker 3: we put on them were enforced. So they were not 429 00:25:48,359 --> 00:25:52,679 Speaker 3: selling oil. They were down to like four hundred thousand 430 00:25:52,720 --> 00:25:55,479 Speaker 3: barrels of oil. Today they're up to close to four million. 431 00:25:56,000 --> 00:25:58,840 Speaker 3: Their fig in exchange reserves were almost I don't know, 432 00:25:59,280 --> 00:26:03,159 Speaker 3: five billion dollars today they're about eighty billion dollars. They 433 00:26:03,240 --> 00:26:06,280 Speaker 3: didn't say a word. It's funny. I was on the 434 00:26:06,320 --> 00:26:09,480 Speaker 3: air this morning on one of the business shows. Trump 435 00:26:09,520 --> 00:26:13,040 Speaker 3: also told them, Alas, I have your phone number, and 436 00:26:13,080 --> 00:26:14,880 Speaker 3: I know your help your home address. 437 00:26:16,640 --> 00:26:18,600 Speaker 1: And people thought that was nuts. 438 00:26:18,280 --> 00:26:19,080 Speaker 4: But it worked. 439 00:26:19,119 --> 00:26:26,119 Speaker 3: It's what you need. You need deterrence, not appeasement. You 440 00:26:26,280 --> 00:26:30,479 Speaker 3: have in the Bide administration appeasers. What we need are 441 00:26:30,960 --> 00:26:37,359 Speaker 3: strong men. Peace through strength requires actions from time to 442 00:26:37,480 --> 00:26:40,360 Speaker 3: time to send a message and make a point. 443 00:26:41,000 --> 00:26:43,760 Speaker 4: And when I was a young man, I worked for 444 00:26:43,880 --> 00:26:44,600 Speaker 4: Ronald Reagan. 445 00:26:45,320 --> 00:26:48,520 Speaker 3: Reagan knew this very well, and then more recently I 446 00:26:48,600 --> 00:26:51,480 Speaker 3: worked for President Trump and he understood it very well. 447 00:26:52,119 --> 00:26:57,280 Speaker 3: Deterrence is what you need, not appeasement. That's the big 448 00:26:57,320 --> 00:27:00,680 Speaker 3: issue right now. I don't think we'd be in that Afghanistan, 449 00:27:00,760 --> 00:27:03,480 Speaker 3: or we wouldn't have had to vacate Afghanistan the way 450 00:27:03,520 --> 00:27:09,040 Speaker 3: we did. I don't think Putin would have ever invaded Ukraine, 451 00:27:09,680 --> 00:27:13,239 Speaker 3: and I don't think Hamas would have ever undertaken this 452 00:27:13,320 --> 00:27:19,639 Speaker 3: barbaric invasion of Israel, killing fourteen hundred civilians at a 453 00:27:19,680 --> 00:27:22,760 Speaker 3: peace concert. I mean, I don't believe that Iran is 454 00:27:23,000 --> 00:27:26,240 Speaker 3: Iran is the problem. Probably the biggest problem is he 455 00:27:26,359 --> 00:27:30,479 Speaker 3: ran right now the biggest problem. Maybe North Korea close second, 456 00:27:30,920 --> 00:27:35,240 Speaker 3: but China is our enemy. Russia is our enemy. Maybe 457 00:27:35,280 --> 00:27:37,560 Speaker 3: we can do business with Russia on some things, but 458 00:27:37,640 --> 00:27:39,040 Speaker 3: I'm very doubtful. 459 00:27:39,640 --> 00:27:41,760 Speaker 4: You need a strong person in the White House. 460 00:27:42,080 --> 00:27:42,320 Speaker 1: You know. 461 00:27:43,119 --> 00:27:46,679 Speaker 3: The other thing, Tutor is, I'm not going to judge 462 00:27:46,680 --> 00:27:50,680 Speaker 3: the Biden people personally. I know some of them, Okay, 463 00:27:51,040 --> 00:27:52,720 Speaker 3: I knew them when they worked for Obama. 464 00:27:52,880 --> 00:27:54,479 Speaker 4: I've known them when they were out of office. 465 00:27:55,480 --> 00:28:01,879 Speaker 3: There's some good people in that administration, but predominantly the 466 00:28:01,960 --> 00:28:05,600 Speaker 3: people staffing the Biden administration are not men and women 467 00:28:06,000 --> 00:28:11,159 Speaker 3: who have worked in business, had to earn a paycheck, 468 00:28:11,640 --> 00:28:16,000 Speaker 3: had to sign a paycheck. They have no understanding of that. 469 00:28:16,000 --> 00:28:19,240 Speaker 3: That's really too bad. And you know, was the Trump 470 00:28:19,320 --> 00:28:23,360 Speaker 3: administration perfect with his personnel? Know, these things are never perfect. 471 00:28:23,880 --> 00:28:27,119 Speaker 3: But if you look at the top layer, all of 472 00:28:27,200 --> 00:28:29,720 Speaker 3: us worked in business one way or another. We either 473 00:28:29,760 --> 00:28:35,280 Speaker 3: worked at companies or corporations or Wall Street or you know, 474 00:28:35,480 --> 00:28:41,240 Speaker 3: businesses or energy and oil, healthcare. These were men and 475 00:28:41,280 --> 00:28:45,880 Speaker 3: women from business, Okay, And I think that makes a 476 00:28:45,920 --> 00:28:47,400 Speaker 3: big difference. 477 00:28:47,400 --> 00:28:48,560 Speaker 4: And that's why I said. 478 00:28:48,400 --> 00:28:54,880 Speaker 3: Earlier when we were talking about the energy problem. 479 00:28:55,000 --> 00:28:56,360 Speaker 4: These are central planners. 480 00:28:56,400 --> 00:29:00,720 Speaker 3: These are people that believe in governments. It's like something 481 00:29:00,800 --> 00:29:03,200 Speaker 3: out of a Friedrich Hayak book. It's like the Road 482 00:29:03,240 --> 00:29:08,000 Speaker 3: to Servedive more the Constitution of Liberty. Hyak always writes 483 00:29:08,040 --> 00:29:11,520 Speaker 3: about the central planners, the bureaucrats who think they know 484 00:29:11,720 --> 00:29:15,600 Speaker 3: more than people who work in everyday private lives in business. 485 00:29:15,840 --> 00:29:19,080 Speaker 3: They don't know more. I'm sorry, I've been on both sides. 486 00:29:19,360 --> 00:29:24,600 Speaker 3: They know more, you just don't. And look and President 487 00:29:24,640 --> 00:29:27,959 Speaker 3: Trump himself obviously was a successful businessman. 488 00:29:28,400 --> 00:29:31,120 Speaker 2: Let's take a quick commercial break. We'll continue next on 489 00:29:31,160 --> 00:29:37,800 Speaker 2: the Tutor Dixon Podcast. I mean, I understand not wanting 490 00:29:37,840 --> 00:29:41,440 Speaker 2: to say anything negative about folks in the Biden administration. 491 00:29:41,560 --> 00:29:44,920 Speaker 2: But I have to ask when you talk about this 492 00:29:45,240 --> 00:29:49,440 Speaker 2: around situation, this has not been a mystery. They've been 493 00:29:49,600 --> 00:29:52,960 Speaker 2: the number one world sponsor of terror for decades that 494 00:29:53,160 --> 00:29:55,880 Speaker 2: we know that if they have money, that this is 495 00:29:55,960 --> 00:29:57,880 Speaker 2: what they will do with it. It's not as though 496 00:29:57,920 --> 00:30:00,800 Speaker 2: they're going to have a beautiful build that they're going 497 00:30:00,840 --> 00:30:03,160 Speaker 2: to invest in their communities, that they're going to have 498 00:30:03,200 --> 00:30:04,080 Speaker 2: great playgrounds. 499 00:30:04,080 --> 00:30:05,240 Speaker 1: This is not who they are. 500 00:30:05,400 --> 00:30:08,400 Speaker 2: They are a terrorist organization and they want to go 501 00:30:08,480 --> 00:30:12,080 Speaker 2: after people and eliminate them. So why did the Biden 502 00:30:12,160 --> 00:30:16,440 Speaker 2: administration allow this to Why did they loosen these sanctions? 503 00:30:16,480 --> 00:30:18,600 Speaker 2: Why did they allow them to make so much money 504 00:30:18,600 --> 00:30:19,800 Speaker 2: knowing that I mean. 505 00:30:19,840 --> 00:30:20,800 Speaker 1: And it's not a question. 506 00:30:20,880 --> 00:30:23,760 Speaker 2: You can look at the Supreme Leader's Twitter or Twitter 507 00:30:23,800 --> 00:30:26,560 Speaker 2: account or x account whatever we're calling it these days, 508 00:30:26,720 --> 00:30:29,360 Speaker 2: and see that this is his plan. This is the 509 00:30:29,440 --> 00:30:32,800 Speaker 2: plan of Iran. So how did they allow this to happen? 510 00:30:32,840 --> 00:30:36,840 Speaker 2: How can one administration be so irresponsible? Is it just 511 00:30:36,880 --> 00:30:39,360 Speaker 2: filled with useful idiots, people that are just like, hey, 512 00:30:39,520 --> 00:30:41,120 Speaker 2: we want to be loving and carrying. I mean, we 513 00:30:41,160 --> 00:30:43,120 Speaker 2: see a lot of that now, all these people that 514 00:30:43,160 --> 00:30:45,000 Speaker 2: are like we can all get along, but we know, 515 00:30:45,080 --> 00:30:47,080 Speaker 2: we can't all get along. We know there are people 516 00:30:47,200 --> 00:30:50,640 Speaker 2: that are genuinely dangerous who want to go after certain 517 00:30:50,640 --> 00:30:53,360 Speaker 2: groups of people and wipe them off the planet. So 518 00:30:53,480 --> 00:30:56,360 Speaker 2: how can it be that there are no adults in 519 00:30:56,400 --> 00:30:59,120 Speaker 2: this administration that said no, no, no, we're not going 520 00:30:59,200 --> 00:31:01,640 Speaker 2: to loosen the reigns on this particular group. 521 00:31:02,280 --> 00:31:06,480 Speaker 3: Well, there are adults, but they're wrong thinking adults. I mean, 522 00:31:06,560 --> 00:31:11,440 Speaker 3: that's really the You know, there's a view which you 523 00:31:11,480 --> 00:31:15,760 Speaker 3: know goes back to the Obama administration. You know, this 524 00:31:16,720 --> 00:31:22,160 Speaker 3: basically is the Obama's third term, if you will, that 525 00:31:22,240 --> 00:31:28,560 Speaker 3: Iran could be brought. 526 00:31:26,080 --> 00:31:26,880 Speaker 4: Into the. 527 00:31:28,760 --> 00:31:31,360 Speaker 3: World of other nations in the Middle East, that Iran 528 00:31:31,440 --> 00:31:35,640 Speaker 3: could be integrated into the Middle East, you know, and 529 00:31:36,080 --> 00:31:40,320 Speaker 3: take their seat at the negotiating table with the other 530 00:31:40,400 --> 00:31:41,520 Speaker 3: civilized countries. 531 00:31:43,360 --> 00:31:44,640 Speaker 4: That is a foolish view. 532 00:31:45,400 --> 00:31:49,480 Speaker 3: That is a view that has been disproved by events 533 00:31:49,520 --> 00:31:52,959 Speaker 3: going back all the way again my years would remember 534 00:31:53,000 --> 00:31:55,640 Speaker 3: it was the Ie Tola that took the American hostages, 535 00:31:56,160 --> 00:31:59,240 Speaker 3: and the morning that Ronald Reagan was inaugurated, they released 536 00:31:59,240 --> 00:32:02,600 Speaker 3: the hostages because they knew Reagan would take action. 537 00:32:03,360 --> 00:32:05,200 Speaker 4: He ran as a bad actor, as you. 538 00:32:05,200 --> 00:32:09,360 Speaker 3: Say, So this view that you can integrate Ran into 539 00:32:09,360 --> 00:32:14,240 Speaker 3: the Middle East is wrong. And by the way, most 540 00:32:14,280 --> 00:32:18,240 Speaker 3: of the other Arab nations now do not like Iran. 541 00:32:19,160 --> 00:32:23,080 Speaker 3: This was the heart of the Abraham Accords that President 542 00:32:23,120 --> 00:32:28,320 Speaker 3: Trump and all of us negotiated, Jared Kushner, David Friedman 543 00:32:28,400 --> 00:32:31,800 Speaker 3: and all of the whole GANGMPEO. I mean, it was 544 00:32:31,840 --> 00:32:34,880 Speaker 3: a good group there the last two or three years. 545 00:32:34,920 --> 00:32:35,320 Speaker 4: I thought. 546 00:32:35,440 --> 00:32:40,720 Speaker 3: And there's a story running. You take a look at this, 547 00:32:40,920 --> 00:32:45,080 Speaker 3: or have somebody in the online newspaper, the New York Sun. 548 00:32:45,400 --> 00:32:48,760 Speaker 3: It's very good conservative paper. But anyway, there's a story 549 00:32:48,840 --> 00:32:50,440 Speaker 3: by Benny Abne, a reporter. 550 00:32:52,440 --> 00:32:53,040 Speaker 4: No matter what. 551 00:32:53,120 --> 00:32:57,200 Speaker 3: The Arabs the other Arab nations may say publicly about 552 00:32:57,200 --> 00:33:04,200 Speaker 3: this Hamas travesty, they don't want or like Humas or 553 00:33:04,280 --> 00:33:07,360 Speaker 3: Hezbela or Iran any more than you and I do. 554 00:33:08,360 --> 00:33:11,440 Speaker 4: They would love to see Israel wipe Hamas out. 555 00:33:12,360 --> 00:33:15,720 Speaker 3: Very important story because these were the nations that we 556 00:33:15,720 --> 00:33:18,480 Speaker 3: were negotiating with, and that includes the Saudis. 557 00:33:18,800 --> 00:33:20,640 Speaker 4: You know, ask yourself this. 558 00:33:21,800 --> 00:33:24,400 Speaker 3: You have this blow up in the Middle East once again, 559 00:33:25,080 --> 00:33:28,920 Speaker 3: but the price of oil hasn't moved. This is not 560 00:33:29,040 --> 00:33:31,479 Speaker 3: the Umki for a war fifty years ago. This is 561 00:33:31,520 --> 00:33:34,160 Speaker 3: not the air of oil embargo. You know why, because 562 00:33:34,240 --> 00:33:39,840 Speaker 3: Saudi Arabia doesn't like you ran period full stop and 563 00:33:39,880 --> 00:33:42,320 Speaker 3: the Saudis were doing. And I'm not going to defend 564 00:33:42,360 --> 00:33:45,959 Speaker 3: everything the Saudis had done, but I'm saying their foreign 565 00:33:46,000 --> 00:33:50,080 Speaker 3: policy is much more pro Israel today and anti Iran. 566 00:33:50,840 --> 00:33:53,600 Speaker 3: And it's true with the Emirates, and it's true with 567 00:33:53,680 --> 00:33:56,360 Speaker 3: the other Gulf states. Okay, and this is a very 568 00:33:56,400 --> 00:34:02,120 Speaker 3: important swing. And that's one reason why Biden just let 569 00:34:02,280 --> 00:34:06,720 Speaker 3: Bibby nets in Yahoo words and all just let nets 570 00:34:06,720 --> 00:34:09,480 Speaker 3: in Yahoo and the IDF do what they're going to do. 571 00:34:09,880 --> 00:34:12,120 Speaker 3: They'll be doing the whole world a great service by 572 00:34:12,160 --> 00:34:16,640 Speaker 3: completing Alphamas. They'll be doing the all civilized world a 573 00:34:16,760 --> 00:34:21,359 Speaker 3: great service. Israel can do more for religious freedom than 574 00:34:21,400 --> 00:34:24,840 Speaker 3: any other country right now by wiping out Hamas. And 575 00:34:24,920 --> 00:34:27,439 Speaker 3: if you wipe out Hamas, the next step, as he ran, 576 00:34:27,719 --> 00:34:30,520 Speaker 3: Iran will fall. But you'll need a strong president to 577 00:34:30,560 --> 00:34:32,240 Speaker 3: push it over. And we're going to have a strong 578 00:34:32,320 --> 00:34:34,239 Speaker 3: president in a little more than a year. 579 00:34:35,560 --> 00:34:35,840 Speaker 1: Well. 580 00:34:35,920 --> 00:34:39,200 Speaker 2: I absolutely hope everybody is listening so they go out 581 00:34:39,280 --> 00:34:42,839 Speaker 2: and vote, because I think that what you're saying is 582 00:34:43,040 --> 00:34:47,640 Speaker 2: so key that these Arab nations maybe they'll be silent, 583 00:34:47,880 --> 00:34:50,840 Speaker 2: maybe they'll say they are supporting the other side. But 584 00:34:50,920 --> 00:34:54,160 Speaker 2: if you have a strong America, you have a strong world. 585 00:34:54,360 --> 00:34:56,640 Speaker 2: I mean, and that there is no question about that. 586 00:34:56,800 --> 00:35:00,120 Speaker 2: If we are a weak America, you see what's happening 587 00:35:00,200 --> 00:35:02,160 Speaker 2: right now. I think that's what so many people are saying. 588 00:35:02,360 --> 00:35:04,760 Speaker 2: You've got to make sure you vote for a strong 589 00:35:04,800 --> 00:35:08,440 Speaker 2: America and get a Republican president in there in twenty 590 00:35:08,480 --> 00:35:11,399 Speaker 2: twenty four. Larry Kodlow, it is so interesting to talk 591 00:35:11,400 --> 00:35:12,800 Speaker 2: to you. Thank you so much for coming on the 592 00:35:12,840 --> 00:35:13,640 Speaker 2: podcast today. 593 00:35:14,160 --> 00:35:16,280 Speaker 1: My pleasure, and thank. 594 00:35:16,120 --> 00:35:18,560 Speaker 2: You all for joining us on the Tutor Dixon Podcast. 595 00:35:18,640 --> 00:35:21,759 Speaker 2: For this episode and others, go to Tutor diisonpodcast dot com. 596 00:35:21,800 --> 00:35:23,759 Speaker 2: You can subscribe right there, or head over to the 597 00:35:23,800 --> 00:35:27,480 Speaker 2: iHeartRadio app, Apple Podcasts, or wherever you get your podcasts 598 00:35:27,520 --> 00:35:30,240 Speaker 2: and join us the next time on the Tutor Dixon Podcast. 599 00:35:30,360 --> 00:35:32,440 Speaker 1: Have a blessed day.