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

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

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Speaker 2: And Jettie and he arms Strong and Strong.

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Speaker 3: Welcome to a replay of the Armstrong and Getty Show.

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Speaker 3: We are on vacation, but boy, do we have some

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Speaker 3: good stuff for you. Yes, indeed we do.

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Speaker 4: And if you want to catch up on your ang

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Speaker 4: listening during your travels, remember grab the podcast Armstrong and

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Speaker 4: Getty on demand. You ought to subscribe wherever you like

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Speaker 4: to get podcasts. Now on with the infotainment and interesting

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Speaker 4: story in the Wall Street Journal America's new millionaire class

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Speaker 4: plumbers and hvac entrepreneurs, and it's well, it's what the

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Speaker 4: headline would suggest. There's one twist to it. But I'm

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Speaker 4: reminded of something that I We've been saying for years.

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Speaker 4: The virtually every election comes down to how much the

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Speaker 4: government is going to give you, and most of it's phony.

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Speaker 4: Sure looks like it right now of other people's tax

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Speaker 4: moment with both candidates claiming all kinds of things are

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Speaker 4: going to give you, or a wave is a fee

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Speaker 4: or whatever, just laying out the gifts and the handouts

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Speaker 4: and the new programs and the rest of it. When

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Speaker 4: it's funny that ninety well that's not true anymore. The

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Speaker 4: vast majority of us we make a living, we have

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Speaker 4: a job, and we you know, the government's involved in

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Speaker 4: our lives, but more than we want. And it's just

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Speaker 4: the idea of that, well I'm going to vote for

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Speaker 4: who gives me the most is just ugly to me anyway. Yeah,

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Speaker 4: it's never been part of my life. And oh that

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Speaker 4: gets back to you know what I've always tried to

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Speaker 4: lay out, and I wish Conservative America was better at this.

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Speaker 4: And I'm not claiming some sort of mantle as some

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Speaker 4: sort of eloquent hero, but I've always said I've come

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Speaker 4: up with this program where you can feed, clothe, educate,

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Speaker 4: and medicate ten to ten thousand families and it's not

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Speaker 4: going to cost a dime of taxpayer money. It's called

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Speaker 4: starting a business and growing it to success.

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Speaker 2: Where is that in our political discussions?

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Speaker 4: That is the engine of prosperity, The engine the government

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Speaker 4: handout stuff is crumbs around the edges.

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Speaker 3: I hate for this to be true, but I think

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Speaker 3: the reason you don't pitch that as an argument is

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Speaker 3: because there are enough people that are going to decide

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Speaker 3: the election. That are that other thing you were talking about, Yeah,

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Speaker 3: what are you going to give me without me doing

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Speaker 3: anything for it? Really, you start talking about starting a

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Speaker 3: business and all that sort of stuff, that's a lot

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Speaker 3: of work.

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Speaker 4: And the politics of envy has been so successful in

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Speaker 4: convincing people that the successful have done something untoward to

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Speaker 4: get there. They should be resented for that success. They

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Speaker 4: have stolen from you. If they have more than you,

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Speaker 4: it's because they have stolen from you, which was not

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Speaker 4: culturally the attitude in the United States up until very

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Speaker 4: very recently.

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Speaker 3: Oh, I heard a great thing yesterday on that from

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Speaker 3: Jonah Goldberg of The Dispatch that he regularly says in

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Speaker 3: his speeches, I guess when people talk about why is

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Speaker 3: there poverty? He says, that's not the question. There's always

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Speaker 3: been poverty. Poverty is the natural state of human beings. Yes,

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Speaker 3: why is their wealth is the question? And then you

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Speaker 3: get into the discussion of how capitalism creates wealth. Poverty

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Speaker 3: is the way it would be for everyone. If you

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Speaker 3: didn't have capitalism, we'd all be poor. It's not like

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Speaker 3: we'd all have, you know, nice sized homes and cars

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Speaker 3: and go on vacations and a comfortable retirement.

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Speaker 2: Yeah. Yeah, that's not the natural state of things, right.

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Speaker 4: And my only quibbal with Jonah, who's absolutely right, is

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Speaker 4: that because of the resentment of quote unquote wealth, you

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Speaker 4: could break it down to never mind why there's poverty,

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Speaker 4: why is there housing, why is their food to eat?

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Speaker 4: Why is their medical care? How did this happen? And

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Speaker 4: we've just gotten away from that as a culture again

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Speaker 4: because the politics of envy works.

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Speaker 3: And digression number ten before you get to your main point, Yes,

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Speaker 3: when I said I've never voted for somebody given me stuff,

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Speaker 3: I think that's factually true. But if you are to

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Speaker 3: the left, you'd say, yeah, you vote for people who

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Speaker 3: who want lower taxes, are going to lower taxes, and

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Speaker 3: they're giving you money.

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Speaker 4: As opposed to I'm keeping my own. Letting me keep

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Speaker 4: my money is not giving me anything. But yeah, you're

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Speaker 4: absolutely right. So this article in the Wall Street Journal

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Speaker 4: is interesting. It is absolutely on the side of folks

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Speaker 4: who build, learn a skill, build a business, hire others,

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Speaker 4: teach them to do that business and grow it. One

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Speaker 4: interesting wrinkle is that it's all about how private equity

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Speaker 4: is now recognizing how the HVAC business. The plumbing business

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Speaker 4: are good solid electrical contractors too. They're good, solid, profitable businesses.

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Speaker 4: And so venture capital is moving in and buying up

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Speaker 4: these businesses, private equity businesses. They hope to profit by

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Speaker 4: running larger, more profitable operations, more efficient, etc.

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Speaker 3: Well, we endorse a heating and air company, Fantastic One.

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Speaker 3: And I remember when we were talking to him last

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Speaker 3: year and he was telling us what people can make

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Speaker 3: to start. Yeah, and he can't find workers and they'll

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Speaker 3: train them right right, And there's some concern that.

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Speaker 4: And you do have to watch for this if you've

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Speaker 4: been with a company for a long time. Joe Hvac

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Speaker 4: who learned the trade, smart guy, gal family entrepreneur, hired people,

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Speaker 4: grew it, etc. Then they sell to the private equity

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Speaker 4: company and it becomes a different company. Yeah, standards of

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Speaker 4: service change, priorities change, that sort of thing.

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Speaker 3: What happens with everything, absolutely everything, Oh yeah, not just companies,

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Speaker 3: practically everything. You go and buy in a store that

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Speaker 3: has a name brand, and I'm thinking of a home depot,

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Speaker 3: so many different brands of things at Home Depot built

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Speaker 3: their reputation years ago on being super quality items that

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Speaker 3: aren't crap. Yes, because they're you know, they're run by

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Speaker 3: what you're just talking about.

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Speaker 4: The wave of investment is minting a new class of

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Speaker 4: millionaires across the country, one that small business owners say

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Speaker 4: is helping add more shine to working with a tool belt.

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Speaker 2: Some of us don't need more shine for that.

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Speaker 4: But anyway, you don't need to go to Silicon Valley

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Speaker 4: to have a successful career. An entrepreneur Real Opportunities, said

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Speaker 4: this fellow with Detroit based private equity company that is

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Speaker 4: doing a lot of investment in service companies.

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Speaker 2: You know, I well, never mind.

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Speaker 4: I was about to go off on a personal tangent,

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Speaker 4: but we have a ten tangent limit and we've exceeded it.

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Speaker 2: Why does everybody say space these days?

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Speaker 4: Quote, everybody in their uncle owns an HVAC business in

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Speaker 4: the private equity space.

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Speaker 2: Today, he said. Another guy that's hip.

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Speaker 4: This private equity company, Redwood Services.

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Speaker 2: Where are they based? It doesn't matter, Tucson.

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Speaker 4: Interesting they've required acquired thirty five companies in the past

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Speaker 4: four years, from small to large. In the services trades

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Speaker 4: have long offered a solidly hourly wage for workers without

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Speaker 4: college degrees, also springboards for those with bigger entrepreneurial ambitions.

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Speaker 2: Goodness knows that is true.

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Speaker 4: Wow, this guy spent five years in prison for selling

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Speaker 4: meth before he co founded his plumbing business and now

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Speaker 4: he's an entrepreneur. He was selling meth and now he's

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Speaker 4: got a legitimate business. But it was in sales. Honestly,

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Speaker 4: you know, that's funny but true. I absolutely believe in

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Speaker 4: second chances for people.

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Speaker 2: I'm a one strike you're out guy.

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Speaker 4: Wow, that's hard anyway, Saudi Arabia is calling, But yeah,

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Speaker 4: there is an element to that. He grew up in

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Speaker 4: a hard scrabble place where that was the entrepreneurial opportunity

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Speaker 4: and something open.

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Speaker 2: Well, he learned the trade.

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Speaker 4: I don't know if it was in prison or what,

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Speaker 4: but he learned the trade and realized, oh, there are

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Speaker 4: better entrepreneurial opportunities than selling death to people.

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Speaker 2: Anyway. Ain't that America for you and me? Land of

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Speaker 2: the Free? Anyway?

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Speaker 3: I'm amazed by all you small business owners because you

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Speaker 3: work so hard and you got everything on the line

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Speaker 3: every day.

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Speaker 2: Yeah, I don't know how you. I really don't know

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Speaker 2: how you do it.

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Speaker 4: That is why I so resent and I'm so strongly

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Speaker 4: against this idiotic, nonsensical idea that we're going to raise

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Speaker 4: business taxes because businesses have to pay their fair share.

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Speaker 4: Like everybody who runs a business is crazy wealthy. I

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Speaker 4: know a lot of small business people and entrepreneurs who

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Speaker 4: draw what they have to to keep a roof over

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Speaker 4: their head, and they pour everything else back into the

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Speaker 4: business hours they work are insane, right, pardon, pardon my

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Speaker 4: French folks, but I'll say gun instead of the B

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Speaker 4: word I heard many years ago. You want to work

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Speaker 4: for yourself, You're gonna hate the son of a gun.

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Speaker 4: You're gonna hate your boss because he won't let you

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Speaker 4: have saturdays off or holidays or going to work you

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Speaker 4: like you've never worked before.

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Speaker 2: You know, stay home when you're sick. He's not gonna

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Speaker 2: let you.

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Speaker 4: Yeah, So here's to you, entrepreneurs and small business owners.

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Speaker 4: May a private equity firm buy you out and I'll

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Speaker 4: see on the golf.

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Speaker 2: Course, I guess you can buy the drinks because you'll

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Speaker 2: be richer than me.

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Speaker 5: Armstrong and.

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Speaker 1: Jack Armstrong and Joe Getty, the Armstrong and Getty Show.

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Speaker 4: So the sentencing of all of those activists and politicians

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Speaker 4: and journalists in Hong Kong, it just reminds me how

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Speaker 4: incredibly fragile. A free system is unless it will defend

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Speaker 4: itself by arms. I mean because Hong Kong was a

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Speaker 4: robust democracy, very wealthy, very educated, with every interest in

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Speaker 4: protecting itself, and it couldn't. It was just it was

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Speaker 4: bullied into submission and quickly. I'm reminded of one of

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Speaker 4: my favorite memes, partly because it's a little snarky, but

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Speaker 4: it's also funny. George Washington didn't use his freedom of

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Speaker 4: speech to beat the British. He shot them. That's the

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Speaker 4: only way to resist aggression. You can't talk a predator

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Speaker 4: out of predating.

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Speaker 3: I have to look into this after the show as

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Speaker 3: trying to confirm that Chinese stuff that I read and

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Speaker 3: figure out.

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Speaker 2: As real or not.

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Speaker 3: This does not get the attention it deserves the rising China.

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Speaker 3: According to the report that I read, and again, whether

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Speaker 3: he said it to Biden or not, whether it's just

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Speaker 3: stuff being put out by the Chinese, it was a

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Speaker 3: It was a lot of language like you're not the

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Speaker 3: only nuclear power on earth and just you know, very

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Speaker 3: very push pushback. E this means war.

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Speaker 2: Oh.

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Speaker 3: He laid out, actually laid out four red lines for

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Speaker 3: China that the US better not cross that sort of thing.

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Speaker 4: Yeah, well, we'll see bra from the perspective of if

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Speaker 4: we were attacked by Martians, we would all come together.

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Speaker 2: On Earth.

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Speaker 4: We have been so obsessed with are internal divisions. I

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Speaker 4: think that's why most Americans are unaware of the threats

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Speaker 4: from abroad.

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Speaker 2: Yeah. Probably so.

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Speaker 3: Big study that came out today and this was in

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Speaker 3: the New York Times, China has now surpassed Europe as

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Speaker 3: the second all time leading polluter on planet Earth. I'm

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Speaker 3: not sure how much I care about the historical polluting

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Speaker 3: that's gone on, but the climate change people care about

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Speaker 3: it a lot because we polluted more throughout the history

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Speaker 3: of the world than any of the country, So we

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Speaker 3: owe more money than anybody else to try to fix

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Speaker 3: the problem, is what they claim. That's only going to

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Speaker 3: be true for a few more years. According to this graph, though,

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Speaker 3: So China has now passed Europe on this pretty much

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Speaker 3: straight up graph because they just started polluting fairly recently,

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Speaker 3: because they were all living in huts and eating their

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Speaker 3: cats and.

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Speaker 2: Stuff like that and not a lot of pollution.

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Speaker 3: But now they got all the coal fires and electricity

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Speaker 3: and everything going on, They're polluting like crazy. The country

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Speaker 3: has now passed Europe is the second largest all time admitter,

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Speaker 3: shifting the debate about who pays for global warming. According

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Speaker 3: to the New York Times, projections show that China may

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Speaker 3: catch up with the United States in just a few years.

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Speaker 3: China's soaring emissions are upending climate politics was the story,

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Speaker 3: let me just read a little bit of it. For

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Speaker 3: many years, wealthy places like the United States and Europe

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Speaker 3: have had the biggest historical responsibility for global warming. China's

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Speaker 3: astonishing rise is upending that dynamic. Over the past three decades,

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Speaker 3: China has built more than one thousand coal fired power

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Speaker 3: plants a thousand as its economy has grown more than

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Speaker 3: forty fold in thirty years, mostly because of our help,

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Speaker 3: thinking that if they got rich enough, they'd be our friends.

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Speaker 3: One of the dumbest gambles in the history of the planet.

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Speaker 2: Whoops.

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Speaker 3: The country has become by far the largest annual emitter

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Speaker 3: of greenhouse gases in the world. So they're emphasizing the historical,

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Speaker 3: How about emphasize the and on the today chart, it's

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Speaker 3: not even close. Like China is way up there and

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Speaker 3: the United States is way down here with other countries

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Speaker 3: underneath us.

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Speaker 4: Right, So if you're trying to build some sort of

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Speaker 4: framework for who owes the most your Paris climate accord folks,

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Speaker 4: I suppose looking at the historical responsibility makes a little

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Speaker 4: bit of sense. But for those of us who live

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Speaker 4: in the real world, who's doing it now is a

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Speaker 4: much more relevant question.

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Speaker 2: I would say so.

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Speaker 3: And according to this chart, it looks like China is

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Speaker 3: polluting it about two and a half times what we

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Speaker 3: are on a year by year basis at this.

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Speaker 2: Point two and a half times.

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Speaker 3: Yeah, and I'm supposed to alter my lifestyle and suffer

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Speaker 3: the overall GDP consequences for what reason?

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Speaker 4: And India is working on it. They'll be on that

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Speaker 4: chargument we're on. Yeah, the actual biggest country on Earth.

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Speaker 4: You go to them and say, hey, can you cut

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Speaker 4: back on your fossil fuels a little bit because of

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Speaker 4: the planet? The answer is yeah, No, Are you kidding?

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Speaker 4: We've got four hundred million people starving here and you

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Speaker 4: want us to go solar?

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Speaker 5: No.

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Speaker 2: Yeah.

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Speaker 4: I've got to hope that a lot of the climate

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Speaker 4: change nonsense is going to be swept away.

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Speaker 2: During Trump's presidency.

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Speaker 4: And I'm not talking about any legitimate claims about the

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Speaker 4: atmosphere or the environment or whatever. I'm down with that,

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Speaker 4: it's fine, but again, cut the crap. Cut the crap.

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Speaker 2: Go normstrung, you, Getty dot com, pick yourself up. But

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Speaker 2: cut the craft T shirt they're selling like hotcakes.

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Speaker 3: Speaking of trouble spots around the world that we ignore,

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Speaker 3: this happened over the weekend. Haven't heard it anywhere. The

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Speaker 3: Pentagon leaked to Axios that the Houthis are now effectively

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Speaker 3: in control over the Red Sea, which is where Remember

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Speaker 3: they're telling us the numbers all the time, fifteen percent

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Speaker 3: or whatever of all world shipping goes through Kuthi rebels

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Speaker 3: are brandishing increasingly sophisticated weapons, including missiles that can do

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Speaker 3: things that are just amazing, said the Pentagon's chief Weapons

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Speaker 3: somebody or other to Axios over the weekend. The big

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Speaker 3: picture being that the militant group has for years used

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Speaker 3: drones and missiles to strangle the waters off of Yemen,

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Speaker 3: disrupting international shipping.

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Speaker 2: And uh, well, I'll read this quote.

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Speaker 3: I'm an engineer and a physicist, and I've been around

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Speaker 3: missiles my whole career, said a Pentagon employee to Axios.

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Speaker 3: What I've seen of what the Houthis have done in

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Speaker 3: the last six months is something I'm just shocked. So

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Speaker 3: the rest of the world has just let this ragtag

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Speaker 3: group of camel riders take over a big, major lane

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Speaker 3: of shipping on planet Earth.

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Speaker 2: I believe they have Toyota pickups there.

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Speaker 4: But anyway, Yeah, who's they're not building those missiles in Yemen?

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Speaker 4: Who's sending them to them? And how soon can we

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Speaker 4: get the Mummy out of office? I mean he is

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Speaker 4: useless bat Kerryah Michael, that's in his old vital days.

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Speaker 2: Yeah, he isn't that good anymore. He hasn't he hasn't unleashed.

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Speaker 4: I had about a kef care with that sort of

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Speaker 4: forcefulness in a year's five.

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Speaker 3: Quick question for you, what if you happen to miss

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Speaker 3: this unbelievable radio program.

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Speaker 4: The answer is easy, friends, just download our podcast, Armstrong

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Speaker 4: and Getty on demand. It's the podcast version of the

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Speaker 4: broadcast show, available anytime, any day, every single podcast platform

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Speaker 4: known demand.

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Speaker 2: Download it now Armstrong and Getty on Demand.

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Speaker 5: Armstrong, The Armstrong and Getty Show.

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Speaker 4: I love this from Andrew Styles the definitive list of

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Speaker 4: winners and losers the twenty twenty four election, and actually,

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Speaker 4: much as I love Andrew I'm gona quippalle. With his opening,

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Speaker 4: he says, the election's over Donald Trump and the Republicans,

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Speaker 4: excuse me, a stunning and decisive victory. I would say

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Speaker 4: Donald Trump won a stunning, in decisive victory. The Senate

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Speaker 4: performed very very well, and the House scraped by for

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Speaker 4: the Republicans.

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Speaker 2: Yeah. Mentioned certified government mentioned this earlier.

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Speaker 3: I hadn't thought about it until I heard a Democrat

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Speaker 3: pointed out, how can you call it a wave if

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Speaker 3: you're going to have like a three seat majority in

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Speaker 3: the House of Representatives.

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Speaker 2: That ain't much of a wave.

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Speaker 3: I mean, when Obama won, he had like an eighty

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Speaker 3: seat majority.

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Speaker 2: It's an indy bitty wave. Yeah.

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Speaker 4: But anyway, winners and losers. Winner diversity, actual diversity. All

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Speaker 4: sorts of different people voted for Trump and got out

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Speaker 4: of their electoral pens that the Democrat had told them

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Speaker 4: they ought to stay in the Democrats rather, with the

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Speaker 4: exception of seniors and college educated white women. Huzzah, Trump

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Speaker 4: improved his margins in every group. Winner Hillary Clinton no

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Speaker 4: longer the only Democrat to lose to Trump.

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Speaker 2: Winner.

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Speaker 4: Mental health professionals about to make a fortune treating the

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Speaker 4: emotional breakdowns of college educated white women and deranged liberals

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Speaker 4: and journalists who base their entire personalities on and hating

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Speaker 4: Trump and his supporters.

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Speaker 2: Wow, what a way to live your life.

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Speaker 4: All the same people who are cutting off friends and

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Speaker 4: loved ones who care about them deeply as a human

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Speaker 4: being because they because they've bought I think the most

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Speaker 4: hyperbolic and ridiculous stuff about politics. Spend Thanksgiving alone and

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Speaker 4: in the comfort of knowing at least you're not hanging

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Speaker 4: around with Trump voters.

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Speaker 2: You weirdo are evil, That's right. Another winner, Dean Phillips.

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Speaker 4: Only Democrat with the balls to run against Biden in

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Speaker 4: the Democratic primary and say he's too old.

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Speaker 2: He was mocked and ridiculed at the time.

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Speaker 3: Oh Man in the Democratic Party cut his legs out

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Speaker 3: from underneath him, made it impossible for him to get anywhere.

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Speaker 4: And he was a one hundred percent right it turns out,

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Speaker 4: and telling the truth. Yeah, which he's not welcome in politics. Yeah.

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Speaker 4: Another winner Josh Shapiro. He dodged the bullet of being

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Speaker 4: a hitch to Kamala Harris's right. He looks smart for

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Speaker 4: not taking the job, which he probably didn't want anyway,

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Speaker 4: we've already forgotten the name of the guy she did pick,

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Speaker 4: the guy in the camo had who pranced around and

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Speaker 4: lied about China.

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Speaker 3: Yeah, what's his face? Laugh on say or other? How

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Speaker 3: about his weird five minutes of fame? That'll never I mean,

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Speaker 3: it'll be a trivia question.

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Speaker 2: Please, let's begin laughing at the laughing stock.

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Speaker 4: Jeff Bezos the whole temper tantrum, saying we got to

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Speaker 4: be a reporter.

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Speaker 2: Of news, not an opinion machine. Tony Hitchcliff and garbage.

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Speaker 4: He goes into how that was like the final week

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Speaker 4: closing argument, look at this monster Trump mounted to nothing,

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Speaker 4: didn't amount to a pile of garbage in terms of

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Speaker 4: electoral effect?

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Speaker 2: Right, yes, go ahead that.

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Speaker 3: Remember we were counting the days it had, like five

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Speaker 3: days of legs. That Puerto Rico joke as being one

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Speaker 3: of the lead stories. What a stupid decision from the

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Speaker 3: media who was hell bent on bringing down Trump. You

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Speaker 3: thought that was your best argument. That comedian's joke apparently

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Speaker 3: didn't work.

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Speaker 4: Why because they see everything through the lens of identity politics.

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Speaker 4: So this looked like an enormous faux paw and a

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Speaker 4: great to bring bet to beat Trump with the rest

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Speaker 4: of us normal people, including plenty of Democrats and lefties,

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Speaker 4: as many of whom are listening right now. They're like, yeah,

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Speaker 4: I can't afford my groceries. I don't care what some

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Speaker 4: obscure comedians said about Puerto Rico. Alts the new media

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Speaker 4: alternative meetia, including ourselves big winners in the election, Sonny

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Speaker 4: Hostin and the other ladies of the view, for sinking

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Speaker 4: the Harris campaign with the what would you do differently

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Speaker 4: than Biden? There is not a thing that comes to mind,

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Speaker 4: Harris said, in a breathtaking display of unpreparedness.

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Speaker 2: Is Sonny Hosten a lot for journalists of the year.

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Speaker 3: Well, as she has come out and said she was

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Speaker 3: shocked to that answer. So she was trying to throw

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Speaker 3: Kamala a life preserver because she had flubbed the answer

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Speaker 3: the day before, and instead of the life preserver she

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Speaker 3: threw a cinderblock that took.

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Speaker 2: Her under the water. Yes, yeah, well, said winner women.

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Speaker 4: Trump's victory Russia and a golden era of women's rights

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Speaker 4: in spite of the muling and screeching of the college

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Speaker 4: educated white women of a certain age. His chief of staff,

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Speaker 4: Susie Wiles, will be the first woman to hold a job.

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Speaker 4: It'll soon be safe to play sports again. Women can

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Speaker 4: say Merry Christmas and be attractive without getting publicly shamed,

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Speaker 4: et cetera.

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Speaker 3: When are you're gonna learn, ladies, America does not want

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Speaker 3: a female president.

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Speaker 2: I think that's they'll take away.

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Speaker 4: Oh my god, that was an attempt, and I emphasize

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Speaker 4: attempt at humor, ladies, and I apologize for it.

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Speaker 2: Scott jameson Grat on the Yeah.

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Speaker 3: I heard somebody say the other day, how about try

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Speaker 3: something different than pantsuits? Two pantsuit ladies who bring in

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Speaker 3: effeminate men to be their underlings, try something different?

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Speaker 4: Yeah, yeah, Uh, Margaret thatcher or dresses didn't she?

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Speaker 2: I don't remember. I don't care what they wear, wear

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Speaker 2: anything at and wear nothing.

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Speaker 4: Scott Jennings Great on CNN, Very reasonable, smart conservative, Mark Halpern,

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Speaker 4: who's independent reporting in sober analysis, much of which you

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00:23:08,400 --> 00:23:10,879
Speaker 4: heard mentioned here on The Armstrong and Getty Show, is

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Speaker 4: vastly superior and more informative than the mainstream media is hackish, hyperventilating.

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Speaker 4: Another example of new media just whooping the old and

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Speaker 4: then some other obscure stuff. The PI Israel winner the.

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Speaker 3: Pant suit thing is actually interesting and I learned this

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Speaker 3: from listening to Sarah i Isiger in the Dispatch. I

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Speaker 3: hadn't known about level one, level two, level three feminism,

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Speaker 3: but like level two feminism or whatever, maybe one was

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Speaker 3: the pants suit. It's like, see, we can be just

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Speaker 3: like men. We've got our version of suits and here

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Speaker 3: we are in the workplace. And then like the next

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Speaker 3: level of feminism, No, I can dress like kind of hot,

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Speaker 3: like a woman likes two sometimes in a skirt and

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Speaker 3: high heels, and also be effective. And I think that

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Speaker 3: would be helpful to get away from that old level

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00:24:00,600 --> 00:24:03,760
Speaker 3: of pants suit thingy. I think there is sort of

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Speaker 3: a subliminal thing going on there.

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Speaker 4: Yeah, we're going to free you by demanding you adhere

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Speaker 4: to our stereotypes and our orders. You will work outside

441
00:24:12,600 --> 00:24:15,520
Speaker 4: the home. You will turn your nose up at raising

442
00:24:15,600 --> 00:24:18,720
Speaker 4: children and being the leader of the family. You will

443
00:24:18,720 --> 00:24:21,280
Speaker 4: make money for a corporation, and you will wear pants

444
00:24:21,560 --> 00:24:25,560
Speaker 4: in the name of freedom, right right, Yeah. Level threes

445
00:24:26,200 --> 00:24:28,520
Speaker 4: where whatever you want, do whatever you want.

446
00:24:28,640 --> 00:24:29,960
Speaker 2: And I tell you what that's.

447
00:24:31,320 --> 00:24:34,720
Speaker 4: And I don't know if there's a name for guys

448
00:24:34,760 --> 00:24:39,119
Speaker 4: like I'll just speak for myself, who are like women

449
00:24:39,400 --> 00:24:40,960
Speaker 4: can do whatever they want.

450
00:24:41,000 --> 00:24:42,480
Speaker 2: And achieve whatever they want.

451
00:24:42,600 --> 00:24:45,080
Speaker 4: And who the hell am I to tell them that

452
00:24:45,800 --> 00:24:48,159
Speaker 4: it's more satisfying to make another half of a percent

453
00:24:48,200 --> 00:24:51,320
Speaker 4: for your corporation as opposed to raising children and being

454
00:24:51,359 --> 00:24:55,159
Speaker 4: the actual functional chief operating officer as a family.

455
00:24:55,560 --> 00:24:57,560
Speaker 2: You do what you want. I trust you to make

456
00:24:57,600 --> 00:24:58,120
Speaker 2: the decision.

457
00:24:58,200 --> 00:25:00,760
Speaker 4: I don't believe in browbeating people to conformed to some

458
00:25:00,800 --> 00:25:03,920
Speaker 4: sort of, you know, prefab image of what.

459
00:25:03,800 --> 00:25:04,320
Speaker 2: They ought to be.

460
00:25:04,440 --> 00:25:07,480
Speaker 4: I find it disgusting no matter what you know label

461
00:25:07,520 --> 00:25:10,520
Speaker 4: it puts on itself. We're going over the winners and

462
00:25:10,680 --> 00:25:15,199
Speaker 4: losers from the recent election. Loser number one, Come on,

463
00:25:15,320 --> 00:25:18,760
Speaker 4: Joe Biden. The experts told us sleepy Joe would be

464
00:25:18,800 --> 00:25:22,280
Speaker 4: the most consequential president since FDR. When he dropped out

465
00:25:22,320 --> 00:25:25,440
Speaker 4: in July, those same experts compared Biden to George Washington,

466
00:25:25,560 --> 00:25:28,440
Speaker 4: praising his selfless act as political courage.

467
00:25:28,760 --> 00:25:30,480
Speaker 2: He will not be remembered that way now.

468
00:25:31,160 --> 00:25:34,560
Speaker 4: In reality, Biden's decision to run for reelection rights Andrew

469
00:25:34,640 --> 00:25:36,760
Speaker 4: Styles will be remembered as one of the most reckless

470
00:25:36,800 --> 00:25:40,399
Speaker 4: acts of political hubris and American history. His selection of

471
00:25:40,480 --> 00:25:42,520
Speaker 4: Kamala Harris as a running mate in twenty twenty, his

472
00:25:42,600 --> 00:25:46,520
Speaker 4: decision to immediately endorse her, also regarded as monumental blunders.

473
00:25:46,560 --> 00:25:48,320
Speaker 4: This is the legacy Biden deserves.

474
00:25:48,800 --> 00:25:52,240
Speaker 3: They met Trump and Biden met for two hours yesterday.

475
00:25:52,320 --> 00:25:56,160
Speaker 3: I find that pretty interesting alone. What were they talking about?

476
00:25:56,240 --> 00:26:00,800
Speaker 3: Trump says, they talked a lot about you and talked

477
00:26:00,800 --> 00:26:03,600
Speaker 3: a lot about Israel. But two hours, that's a pretty

478
00:26:03,640 --> 00:26:04,639
Speaker 3: serious conversation.

479
00:26:05,160 --> 00:26:07,640
Speaker 2: Oh yeah, yeah, absolutely, I have no doubt. I'm glad

480
00:26:07,640 --> 00:26:08,480
Speaker 2: to hear it. Honestly.

481
00:26:08,880 --> 00:26:12,080
Speaker 4: Another loser, of course, Tim Walltz oh right, the camo

482
00:26:12,200 --> 00:26:14,600
Speaker 4: hat guy who prod around, pranced around on stage, and

483
00:26:14,640 --> 00:26:18,639
Speaker 4: lied constantly about China and other weird things. He was

484
00:26:18,680 --> 00:26:21,040
Speaker 4: supposed to help the Hair's campaign appeal to men. He

485
00:26:21,160 --> 00:26:24,520
Speaker 4: pretended to go pheasant hunting, cackled with the ladies of

486
00:26:24,560 --> 00:26:27,360
Speaker 4: the U, and played video games with AOC. He said

487
00:26:27,400 --> 00:26:30,840
Speaker 4: Republicans were weird. Trump won mail voters by thirteen.

488
00:26:30,480 --> 00:26:34,520
Speaker 3: Points, right, And obviously, if you're going to pick somebody

489
00:26:34,520 --> 00:26:36,159
Speaker 3: out of the whole crowd that was weird.

490
00:26:36,240 --> 00:26:39,320
Speaker 2: He was almost certainly the weirdest. And I'm a knucklehead

491
00:26:39,359 --> 00:26:39,840
Speaker 2: at times.

492
00:26:40,720 --> 00:26:44,879
Speaker 4: Another losers, other losers, the Obamas, and you know, he

493
00:26:44,960 --> 00:26:48,320
Speaker 4: talked about various things, but they tried to shame black

494
00:26:48,359 --> 00:26:54,119
Speaker 4: men into voting for Kamala, scolding the brothers for hating women.

495
00:26:55,240 --> 00:26:57,359
Speaker 2: Oh, go away, please go away.

496
00:26:58,760 --> 00:27:02,480
Speaker 4: Other losers Alex Soros, who's the son of billionaire George

497
00:27:02,520 --> 00:27:05,280
Speaker 4: Soros who funneled hundreds of million dollars of dollars into

498
00:27:05,280 --> 00:27:08,760
Speaker 4: the Democrats in twenty twenty four, hanging out with him

499
00:27:08,760 --> 00:27:12,119
Speaker 4: at elite conferences, inviting them to his swanky Manhattan pad,

500
00:27:12,200 --> 00:27:15,639
Speaker 4: et cetera. And some other people you've never heard of.

501
00:27:15,680 --> 00:27:19,200
Speaker 4: The mainstream media journalists are the worst. They scolded the

502
00:27:19,240 --> 00:27:22,200
Speaker 4: American people for feeling stressed about the economy and thinking,

503
00:27:22,280 --> 00:27:25,000
Speaker 4: but Biden was too old to run for reelection. They

504
00:27:25,080 --> 00:27:27,400
Speaker 4: still don't understand why no one trusts them or takes

505
00:27:27,440 --> 00:27:29,879
Speaker 4: them seriously. They try to put their thumbs on the

506
00:27:29,920 --> 00:27:31,760
Speaker 4: scale for Harris, but it made no difference due to

507
00:27:31,760 --> 00:27:34,120
Speaker 4: their rapidly diminishing credibility and relevance.

508
00:27:34,400 --> 00:27:36,879
Speaker 2: They will learn nothing and carry on into the void.

509
00:27:37,800 --> 00:27:40,480
Speaker 3: Speaking of spending money, did you see that Kamala Harris's

510
00:27:40,480 --> 00:27:44,640
Speaker 3: campaign gave Al Sharpton a half a million dollars five

511
00:27:44,720 --> 00:27:48,720
Speaker 3: hundred thousand dollars they gave to Kamala before he did

512
00:27:48,760 --> 00:27:52,919
Speaker 3: the glowing interview with her. Wow, what kind of shakedown

513
00:27:53,000 --> 00:27:54,959
Speaker 3: is that? And I can't believe that they play that

514
00:27:55,200 --> 00:27:59,600
Speaker 3: game with Al freaking Sharpton. You gave him a half

515
00:27:59,600 --> 00:28:02,520
Speaker 3: a million so he do a softball interview with you.

516
00:28:03,280 --> 00:28:08,080
Speaker 4: Yeah, more losers the Lincoln Project go away, shameless griff.

517
00:28:08,119 --> 00:28:12,920
Speaker 4: There's criminals, terrorists in Iran. Not even Ben Rhodes can

518
00:28:12,960 --> 00:28:13,280
Speaker 4: save you.

519
00:28:13,359 --> 00:28:15,560
Speaker 2: Now, Losers.

520
00:28:16,560 --> 00:28:19,320
Speaker 3: That Al Sharpton thing pisses me off because that interview

521
00:28:19,440 --> 00:28:22,399
Speaker 3: got a fair amount of play in mainstream media because

522
00:28:22,400 --> 00:28:24,520
Speaker 3: she was addressing, you know, the black community and all

523
00:28:24,520 --> 00:28:26,480
Speaker 3: that sort of stuff. He did wouldn't do the interview

524
00:28:26,560 --> 00:28:28,200
Speaker 3: unless he got a half a million dollars.

525
00:28:28,760 --> 00:28:29,800
Speaker 2: Oh my god.

526
00:28:30,560 --> 00:28:33,720
Speaker 4: Can we have some sort of giant statement from you know,

527
00:28:33,760 --> 00:28:38,920
Speaker 4: the black folks in America, fabulous loyal Americans who disavowed

528
00:28:39,080 --> 00:28:43,000
Speaker 4: the very concept of Al Sharpton being a spokesperson for anybody.

529
00:28:44,320 --> 00:28:53,560
Speaker 5: Arm Strong, the Armstrong and Getty Show.

530
00:28:55,480 --> 00:28:58,240
Speaker 4: This is interesting and not terribly shocking. Well, I guess

531
00:28:58,280 --> 00:29:01,719
Speaker 4: when you get down to the the granular details, it

532
00:29:01,760 --> 00:29:05,160
Speaker 4: is fairly shocking. But Americans are more reliant than ever

533
00:29:05,320 --> 00:29:09,960
Speaker 4: on government aid. An aging population, economic distress raised dependence

534
00:29:09,960 --> 00:29:13,200
Speaker 4: on federal and state support, and it matters a hell

535
00:29:13,200 --> 00:29:16,120
Speaker 4: of a lot for our elections. As you might guess,

536
00:29:16,720 --> 00:29:20,400
Speaker 4: Wall Street Journal looking into a major study. This is

537
00:29:20,440 --> 00:29:23,280
Speaker 4: little graphics heavy, but I can interpret it for you.

538
00:29:23,960 --> 00:29:29,880
Speaker 4: They're talking about the share of personal income from government assistance.

539
00:29:31,080 --> 00:29:34,520
Speaker 4: How in how many counties is it twenty five percent

540
00:29:34,880 --> 00:29:40,080
Speaker 4: or more? In nineteen seventy, government safety Net money accounted

541
00:29:40,120 --> 00:29:43,840
Speaker 4: for significant income. That's more than twenty five percent. Twenty

542
00:29:43,840 --> 00:29:46,560
Speaker 4: five percent or more in fewer than one percent of

543
00:29:46,600 --> 00:29:47,520
Speaker 4: America's counties.

544
00:29:47,600 --> 00:29:50,200
Speaker 2: So say that again. In one year in nineteen seventy,

545
00:29:50,240 --> 00:29:54,080
Speaker 2: it was less than one percent. Okay, okay.

546
00:29:54,160 --> 00:29:58,600
Speaker 4: In two thousand it went from less than one percent

547
00:29:58,680 --> 00:30:03,560
Speaker 4: to roughly ten percent. That's the year twenty ten percent,

548
00:30:03,600 --> 00:30:07,960
Speaker 4: which a tenfold increase is not minor. In the year

549
00:30:08,000 --> 00:30:12,640
Speaker 4: twenty twenty two, fifty three percent, more than half of

550
00:30:12,800 --> 00:30:15,440
Speaker 4: US counties drew at least a quarter of their income

551
00:30:15,480 --> 00:30:16,400
Speaker 4: from government eight.

552
00:30:16,680 --> 00:30:19,400
Speaker 3: So this is we were talking about this last week,

553
00:30:19,440 --> 00:30:23,080
Speaker 3: and now that it's the average person in the bottom quintile.

554
00:30:23,120 --> 00:30:25,520
Speaker 3: I know this is a lot of complicated talking, but

555
00:30:25,600 --> 00:30:30,800
Speaker 3: the bottom twenty percent of income earners in America get

556
00:30:30,840 --> 00:30:35,920
Speaker 3: on average sixty eight thousand dollars per household of transfer payments,

557
00:30:36,200 --> 00:30:39,920
Speaker 3: and that's left out of every argument about we have

558
00:30:40,080 --> 00:30:42,240
Speaker 3: the highest inequality of any nation.

559
00:30:42,120 --> 00:30:43,440
Speaker 2: In the world.

560
00:30:43,760 --> 00:30:46,520
Speaker 3: They never include this stuff and what you just talked

561
00:30:46,520 --> 00:30:51,880
Speaker 3: about there, that's never included in these conversations from Bernie

562
00:30:51,960 --> 00:30:55,240
Speaker 3: Sanders or probably Tim Walls tonight in the debate. People

563
00:30:55,280 --> 00:30:58,800
Speaker 3: live in paycheck to paycheck. Well, more people are getting

564
00:30:58,800 --> 00:31:02,240
Speaker 3: the handouts from the government than ever before by a lot.

565
00:31:03,600 --> 00:31:07,200
Speaker 3: And as we've discussed with Craig the healthcare guru, socialism

566
00:31:07,360 --> 00:31:11,440
Speaker 3: is not a light switch. It's a a fungus oh

567
00:31:11,480 --> 00:31:17,000
Speaker 3: that spreads across a country, and it's programmed benefits and yeah, yeah, sure.

568
00:31:16,920 --> 00:31:20,400
Speaker 2: It starts hating across there's just no stopping it. Yeah.

569
00:31:20,440 --> 00:31:23,840
Speaker 4: So the big reasons for this dramatic growth are interesting.

570
00:31:25,400 --> 00:31:27,920
Speaker 4: Some of them I think most conservatives would reject out

571
00:31:27,920 --> 00:31:29,760
Speaker 4: of hand, But it gets a little complicated when you

572
00:31:29,800 --> 00:31:32,160
Speaker 4: dig into it. There are much larger share of Americans

573
00:31:32,160 --> 00:31:35,440
Speaker 4: who are seniors. Period, we're living longer and we've aged

574
00:31:35,440 --> 00:31:38,480
Speaker 4: as a population, we're not having kids anymore. And healthcare

575
00:31:38,600 --> 00:31:44,960
Speaker 4: raw sorry, healthcare costs have risen fairly dramatically as they've

576
00:31:44,960 --> 00:31:50,160
Speaker 4: gotten more fantastic. The technology we have at our disposal

577
00:31:50,400 --> 00:31:53,640
Speaker 4: to keep ourselves healthy and alive is truly awe inspiring.

578
00:31:54,080 --> 00:31:55,120
Speaker 2: But it costs.

579
00:31:55,440 --> 00:31:57,880
Speaker 3: Yeah, And as my doctor said last week, what exactly

580
00:31:57,920 --> 00:32:01,800
Speaker 3: is the point? Sometimes he wanted, as we just get

581
00:32:02,240 --> 00:32:05,640
Speaker 3: you know, our brains don't work, our bodies don't work,

582
00:32:05,680 --> 00:32:08,400
Speaker 3: but we hang around longer at a great expense.

583
00:32:09,280 --> 00:32:11,680
Speaker 4: Right, Well, it could be the money is the point

584
00:32:11,720 --> 00:32:16,240
Speaker 4: in at least some situations, although it's I understand it's

585
00:32:16,280 --> 00:32:19,240
Speaker 4: an odd conundrum that a person could sit around rubbing

586
00:32:19,240 --> 00:32:22,200
Speaker 4: their chin thinking about for a long time. You're not

587
00:32:22,320 --> 00:32:27,520
Speaker 4: going to turn down medical advances because it's every advance

588
00:32:27,640 --> 00:32:30,440
Speaker 4: is an incremental step. It can lead toward other advances

589
00:32:30,560 --> 00:32:33,520
Speaker 4: or cures or what have you. But at the same time,

590
00:32:33,640 --> 00:32:36,680
Speaker 4: you and your doctor are quite right, Hey, good news,

591
00:32:36,760 --> 00:32:43,160
Speaker 4: we can keep alzheimer suffering Granny alive for one more year.

592
00:32:43,320 --> 00:32:46,360
Speaker 4: We can stave off for cancer with this new gene therapy.

593
00:32:46,400 --> 00:32:50,320
Speaker 4: Blah blah blah. What are we doing here? Yeah, anyway

594
00:32:50,800 --> 00:32:53,160
Speaker 4: to get back to the major thread of the thing,

595
00:32:53,320 --> 00:32:57,520
Speaker 4: ERNI here blah blah. At the same time, many communities,

596
00:32:57,560 --> 00:33:00,800
Speaker 4: so it's the aging and the development of metaical technology.

597
00:33:00,920 --> 00:33:01,320
Speaker 2: Number one.

598
00:33:01,880 --> 00:33:04,200
Speaker 4: At the same time, any communities have suffered from economic

599
00:33:04,360 --> 00:33:08,440
Speaker 4: client because of the challenges, including the loss of manufacturing,

600
00:33:09,120 --> 00:33:11,520
Speaker 4: leaving government money is the larger share of people's income

601
00:33:11,560 --> 00:33:12,360
Speaker 4: in such places.

602
00:33:14,440 --> 00:33:15,520
Speaker 2: You know, I could bore you to death.

603
00:33:15,520 --> 00:33:17,120
Speaker 4: I won't because I do this for a living and

604
00:33:17,480 --> 00:33:21,840
Speaker 4: kind of enjoy getting the paycheck. But one of the

605
00:33:21,840 --> 00:33:27,080
Speaker 4: big debates in conservative circles these days is the question

606
00:33:27,160 --> 00:33:35,400
Speaker 4: of the reagan Esque free trade global economy conservatives versus

607
00:33:35,440 --> 00:33:39,840
Speaker 4: what's being called the new conservatism or whatever you want

608
00:33:39,880 --> 00:33:45,680
Speaker 4: to call it. And everybody's always government conservatism. Some people

609
00:33:45,720 --> 00:33:49,160
Speaker 4: call it, yeah, industrial planning, you know. Sometimes people even

610
00:33:49,160 --> 00:33:52,480
Speaker 4: call it central planning what have you, and are bellowing

611
00:33:52,560 --> 00:33:55,840
Speaker 4: at each other about it, as if the solutions and

612
00:33:55,960 --> 00:33:57,560
Speaker 4: the questions and answers are very simple.

613
00:33:57,560 --> 00:34:00,880
Speaker 2: They're not at all. They're trillions of dollars at stake.

614
00:34:00,920 --> 00:34:02,960
Speaker 4: So I understand why the people making lots and lots

615
00:34:02,960 --> 00:34:05,760
Speaker 4: of money want to keep that money flowing. They don't

616
00:34:05,800 --> 00:34:09,400
Speaker 4: care how much unemployment there is in rural Pennsylvania, for instance.

617
00:34:11,080 --> 00:34:13,520
Speaker 4: At the same time, oh oh, and the other point

618
00:34:13,520 --> 00:34:15,160
Speaker 4: I was going to make on the side of the

619
00:34:15,320 --> 00:34:21,880
Speaker 4: new Conservatives back in Reagan's day, we didn't have a

620
00:34:22,000 --> 00:34:25,200
Speaker 4: situation where our chief global adversary is our one of

621
00:34:25,200 --> 00:34:29,840
Speaker 4: our chief trading partners, technology partners, and practically indispensable to

622
00:34:29,840 --> 00:34:34,040
Speaker 4: the world economy. So if you are pitching free global

623
00:34:34,080 --> 00:34:39,400
Speaker 4: trade of a reaganesque sort, you are pitching continued interaction

624
00:34:39,520 --> 00:34:44,480
Speaker 4: slash dependence with China, which is just a bad idea.

625
00:34:44,640 --> 00:34:47,560
Speaker 4: Times have changed, the arguments have to change too, So

626
00:34:47,600 --> 00:34:50,400
Speaker 4: I have sympathy with both sides, but it is not simple.

627
00:34:51,440 --> 00:34:55,880
Speaker 4: So for its analysis of government spending, EIG, which is

628
00:34:55,960 --> 00:34:58,840
Speaker 4: the folks doing the analysis, used a government definition of

629
00:34:58,880 --> 00:35:02,600
Speaker 4: income that includes spending on programs that Americans pay into,

630
00:35:02,719 --> 00:35:07,520
Speaker 4: such as Medicare and Social Security. Another major government health program, Medicaid,

631
00:35:07,560 --> 00:35:11,720
Speaker 4: is counted. The analysis also includes unemployment insurance, food stamps,

632
00:35:11,760 --> 00:35:15,480
Speaker 4: the Earned Income Tax Credit, veterans benefits, pell grants, COVID

633
00:35:15,480 --> 00:35:18,920
Speaker 4: era payments, and other income supports. States helped pay for

634
00:35:19,000 --> 00:35:21,160
Speaker 4: some of these programs, like Medicaid, but the federal government

635
00:35:21,239 --> 00:35:25,400
Speaker 4: covers roughly seventy percent of the cost, and it doesn't

636
00:35:25,400 --> 00:35:28,520
Speaker 4: include other ways government spending floods into corners of America,

637
00:35:28,600 --> 00:35:35,160
Speaker 4: such as farm subsidies or military bases. So this spending

638
00:35:35,160 --> 00:35:37,920
Speaker 4: accounts for big and growing share of not only the

639
00:35:38,239 --> 00:35:41,040
Speaker 4: income of the nation but also our national debt. We

640
00:35:41,239 --> 00:35:46,720
Speaker 4: are addicted to government spending slash social programs as a country.

641
00:35:47,680 --> 00:35:49,680
Speaker 3: There's no weaning off that either. I don't believe you

642
00:35:49,680 --> 00:35:51,960
Speaker 3: can go backwards, so I don't think it's possible, but

643
00:35:52,040 --> 00:35:52,480
Speaker 3: you do have.

644
00:35:52,440 --> 00:35:54,600
Speaker 4: To be honest about the dollars and cents coming and going,

645
00:35:54,640 --> 00:35:56,279
Speaker 4: and we're headed for a cliff. So we went from

646
00:35:56,360 --> 00:36:01,080
Speaker 4: one percent nineteen seventy to over half now correct.

647
00:36:01,120 --> 00:36:02,160
Speaker 2: That's unbelievable.

648
00:36:02,600 --> 00:36:05,960
Speaker 3: Not very many people can tell you that Armstrong and

649
00:36:06,040 --> 00:36:06,680
Speaker 3: Getty