WEBVTT - The A&G Replay Monday Hour  One

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<v Speaker 1>Broadcasting live from the Abraham Lincoln Radio Studio, the George

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<v Speaker 1>Washington Broadcast Center, Jack Armstrong and Joe Catty Armstrong.

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<v Speaker 2>And Jettie and he arms Strong and Strong.

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<v Speaker 3>Welcome to a replay of the Armstrong and Getty Show.

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<v Speaker 3>We are on vacation, but boy, do we have some

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<v Speaker 3>good stuff for you. Yes, indeed we do.

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<v Speaker 4>And if you want to catch up on your ang

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<v Speaker 4>listening during your travels, remember grab the podcast Armstrong and

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<v Speaker 4>Getty on demand. You ought to subscribe wherever you like

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<v Speaker 4>to get podcasts. Now on with the infotainment and interesting

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<v Speaker 4>story in the Wall Street Journal America's new millionaire class

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<v Speaker 4>plumbers and hvac entrepreneurs, and it's well, it's what the

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<v Speaker 4>headline would suggest. There's one twist to it. But I'm

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<v Speaker 4>reminded of something that I We've been saying for years.

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<v Speaker 4>The virtually every election comes down to how much the

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<v Speaker 4>government is going to give you, and most of it's phony.

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<v Speaker 4>Sure looks like it right now of other people's tax

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<v Speaker 4>moment with both candidates claiming all kinds of things are

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<v Speaker 4>going to give you, or a wave is a fee

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<v Speaker 4>or whatever, just laying out the gifts and the handouts

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<v Speaker 4>and the new programs and the rest of it. When

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<v Speaker 4>it's funny that ninety well that's not true anymore. The

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<v Speaker 4>vast majority of us we make a living, we have

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<v Speaker 4>a job, and we you know, the government's involved in

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<v Speaker 4>our lives, but more than we want. And it's just

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<v Speaker 4>the idea of that, well I'm going to vote for

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<v Speaker 4>who gives me the most is just ugly to me anyway. Yeah,

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<v Speaker 4>it's never been part of my life. And oh that

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<v Speaker 4>gets back to you know what I've always tried to

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<v Speaker 4>lay out, and I wish Conservative America was better at this.

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<v Speaker 4>And I'm not claiming some sort of mantle as some

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<v Speaker 4>sort of eloquent hero, but I've always said I've come

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<v Speaker 4>up with this program where you can feed, clothe, educate,

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<v Speaker 4>and medicate ten to ten thousand families and it's not

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<v Speaker 4>going to cost a dime of taxpayer money. It's called

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<v Speaker 4>starting a business and growing it to success.

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<v Speaker 2>Where is that in our political discussions?

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<v Speaker 4>That is the engine of prosperity, The engine the government

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<v Speaker 4>handout stuff is crumbs around the edges.

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<v Speaker 3>I hate for this to be true, but I think

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<v Speaker 3>the reason you don't pitch that as an argument is

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<v Speaker 3>because there are enough people that are going to decide

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<v Speaker 3>the election. That are that other thing you were talking about, Yeah,

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<v Speaker 3>what are you going to give me without me doing

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<v Speaker 3>anything for it? Really, you start talking about starting a

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<v Speaker 3>business and all that sort of stuff, that's a lot

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<v Speaker 3>of work.

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<v Speaker 4>And the politics of envy has been so successful in

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<v Speaker 4>convincing people that the successful have done something untoward to

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<v Speaker 4>get there. They should be resented for that success. They

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<v Speaker 4>have stolen from you. If they have more than you,

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<v Speaker 4>it's because they have stolen from you, which was not

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<v Speaker 4>culturally the attitude in the United States up until very

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<v Speaker 4>very recently.

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<v Speaker 3>Oh, I heard a great thing yesterday on that from

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<v Speaker 3>Jonah Goldberg of The Dispatch that he regularly says in

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<v Speaker 3>his speeches, I guess when people talk about why is

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<v Speaker 3>there poverty? He says, that's not the question. There's always

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<v Speaker 3>been poverty. Poverty is the natural state of human beings. Yes,

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<v Speaker 3>why is their wealth is the question? And then you

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<v Speaker 3>get into the discussion of how capitalism creates wealth. Poverty

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<v Speaker 3>is the way it would be for everyone. If you

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<v Speaker 3>didn't have capitalism, we'd all be poor. It's not like

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<v Speaker 3>we'd all have, you know, nice sized homes and cars

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<v Speaker 3>and go on vacations and a comfortable retirement.

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<v Speaker 2>Yeah. Yeah, that's not the natural state of things, right.

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<v Speaker 4>And my only quibbal with Jonah, who's absolutely right, is

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<v Speaker 4>that because of the resentment of quote unquote wealth, you

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<v Speaker 4>could break it down to never mind why there's poverty,

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<v Speaker 4>why is there housing, why is their food to eat?

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<v Speaker 4>Why is their medical care? How did this happen? And

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<v Speaker 4>we've just gotten away from that as a culture again

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<v Speaker 4>because the politics of envy works.

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<v Speaker 3>And digression number ten before you get to your main point, Yes,

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<v Speaker 3>when I said I've never voted for somebody given me stuff,

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<v Speaker 3>I think that's factually true. But if you are to

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<v Speaker 3>the left, you'd say, yeah, you vote for people who

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<v Speaker 3>who want lower taxes, are going to lower taxes, and

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<v Speaker 3>they're giving you money.

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<v Speaker 4>As opposed to I'm keeping my own. Letting me keep

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<v Speaker 4>my money is not giving me anything. But yeah, you're

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<v Speaker 4>absolutely right. So this article in the Wall Street Journal

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<v Speaker 4>is interesting. It is absolutely on the side of folks

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<v Speaker 4>who build, learn a skill, build a business, hire others,

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<v Speaker 4>teach them to do that business and grow it. One

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<v Speaker 4>interesting wrinkle is that it's all about how private equity

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<v Speaker 4>is now recognizing how the HVAC business. The plumbing business

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<v Speaker 4>are good solid electrical contractors too. They're good, solid, profitable businesses.

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<v Speaker 4>And so venture capital is moving in and buying up

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<v Speaker 4>these businesses, private equity businesses. They hope to profit by

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<v Speaker 4>running larger, more profitable operations, more efficient, etc.

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<v Speaker 3>Well, we endorse a heating and air company, Fantastic One.

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<v Speaker 3>And I remember when we were talking to him last

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<v Speaker 3>year and he was telling us what people can make

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<v Speaker 3>to start. Yeah, and he can't find workers and they'll

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<v Speaker 3>train them right right, And there's some concern that.

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<v Speaker 4>And you do have to watch for this if you've

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<v Speaker 4>been with a company for a long time. Joe Hvac

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<v Speaker 4>who learned the trade, smart guy, gal family entrepreneur, hired people,

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<v Speaker 4>grew it, etc. Then they sell to the private equity

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<v Speaker 4>company and it becomes a different company. Yeah, standards of

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<v Speaker 4>service change, priorities change, that sort of thing.

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<v Speaker 3>What happens with everything, absolutely everything, Oh yeah, not just companies,

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<v Speaker 3>practically everything. You go and buy in a store that

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<v Speaker 3>has a name brand, and I'm thinking of a home depot,

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<v Speaker 3>so many different brands of things at Home Depot built

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<v Speaker 3>their reputation years ago on being super quality items that

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<v Speaker 3>aren't crap. Yes, because they're you know, they're run by

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<v Speaker 3>what you're just talking about.

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<v Speaker 4>The wave of investment is minting a new class of

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<v Speaker 4>millionaires across the country, one that small business owners say

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<v Speaker 4>is helping add more shine to working with a tool belt.

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<v Speaker 2>Some of us don't need more shine for that.

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<v Speaker 4>But anyway, you don't need to go to Silicon Valley

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<v Speaker 4>to have a successful career. An entrepreneur Real Opportunities, said

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<v Speaker 4>this fellow with Detroit based private equity company that is

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<v Speaker 4>doing a lot of investment in service companies.

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<v Speaker 2>You know, I well, never mind.

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<v Speaker 4>I was about to go off on a personal tangent,

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<v Speaker 4>but we have a ten tangent limit and we've exceeded it.

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<v Speaker 2>Why does everybody say space these days?

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<v Speaker 4>Quote, everybody in their uncle owns an HVAC business in

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<v Speaker 4>the private equity space.

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<v Speaker 2>Today, he said. Another guy that's hip.

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<v Speaker 4>This private equity company, Redwood Services.

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<v Speaker 2>Where are they based? It doesn't matter, Tucson.

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<v Speaker 4>Interesting they've required acquired thirty five companies in the past

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<v Speaker 4>four years, from small to large. In the services trades

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<v Speaker 4>have long offered a solidly hourly wage for workers without

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<v Speaker 4>college degrees, also springboards for those with bigger entrepreneurial ambitions.

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<v Speaker 2>Goodness knows that is true.

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<v Speaker 4>Wow, this guy spent five years in prison for selling

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<v Speaker 4>meth before he co founded his plumbing business and now

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<v Speaker 4>he's an entrepreneur. He was selling meth and now he's

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<v Speaker 4>got a legitimate business. But it was in sales. Honestly,

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<v Speaker 4>you know, that's funny but true. I absolutely believe in

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<v Speaker 4>second chances for people.

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<v Speaker 2>I'm a one strike you're out guy.

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<v Speaker 4>Wow, that's hard anyway, Saudi Arabia is calling, But yeah,

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<v Speaker 4>there is an element to that. He grew up in

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<v Speaker 4>a hard scrabble place where that was the entrepreneurial opportunity

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<v Speaker 4>and something open.

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<v Speaker 2>Well, he learned the trade.

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<v Speaker 4>I don't know if it was in prison or what,

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<v Speaker 4>but he learned the trade and realized, oh, there are

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<v Speaker 4>better entrepreneurial opportunities than selling death to people.

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<v Speaker 2>Anyway. Ain't that America for you and me? Land of

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<v Speaker 2>the Free? Anyway?

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<v Speaker 3>I'm amazed by all you small business owners because you

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<v Speaker 3>work so hard and you got everything on the line

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<v Speaker 3>every day.

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<v Speaker 2>Yeah, I don't know how you. I really don't know

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<v Speaker 2>how you do it.

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<v Speaker 4>That is why I so resent and I'm so strongly

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<v Speaker 4>against this idiotic, nonsensical idea that we're going to raise

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<v Speaker 4>business taxes because businesses have to pay their fair share.

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<v Speaker 4>Like everybody who runs a business is crazy wealthy. I

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<v Speaker 4>know a lot of small business people and entrepreneurs who

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<v Speaker 4>draw what they have to to keep a roof over

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<v Speaker 4>their head, and they pour everything else back into the

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<v Speaker 4>business hours they work are insane, right, pardon, pardon my

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<v Speaker 4>French folks, but I'll say gun instead of the B

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<v Speaker 4>word I heard many years ago. You want to work

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<v Speaker 4>for yourself, You're gonna hate the son of a gun.

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<v Speaker 4>You're gonna hate your boss because he won't let you

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<v Speaker 4>have saturdays off or holidays or going to work you

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<v Speaker 4>like you've never worked before.

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<v Speaker 2>You know, stay home when you're sick. He's not gonna

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<v Speaker 2>let you.

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<v Speaker 4>Yeah, So here's to you, entrepreneurs and small business owners.

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<v Speaker 4>May a private equity firm buy you out and I'll

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<v Speaker 4>see on the golf.

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<v Speaker 2>Course, I guess you can buy the drinks because you'll

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<v Speaker 2>be richer than me.

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<v Speaker 5>Armstrong and.

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<v Speaker 1>Jack Armstrong and Joe Getty, the Armstrong and Getty Show.

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<v Speaker 4>So the sentencing of all of those activists and politicians

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<v Speaker 4>and journalists in Hong Kong, it just reminds me how

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<v Speaker 4>incredibly fragile. A free system is unless it will defend

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<v Speaker 4>itself by arms. I mean because Hong Kong was a

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<v Speaker 4>robust democracy, very wealthy, very educated, with every interest in

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<v Speaker 4>protecting itself, and it couldn't. It was just it was

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<v Speaker 4>bullied into submission and quickly. I'm reminded of one of

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<v Speaker 4>my favorite memes, partly because it's a little snarky, but

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<v Speaker 4>it's also funny. George Washington didn't use his freedom of

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<v Speaker 4>speech to beat the British. He shot them. That's the

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<v Speaker 4>only way to resist aggression. You can't talk a predator

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<v Speaker 4>out of predating.

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<v Speaker 3>I have to look into this after the show as

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<v Speaker 3>trying to confirm that Chinese stuff that I read and

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<v Speaker 3>figure out.

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<v Speaker 2>As real or not.

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<v Speaker 3>This does not get the attention it deserves the rising China.

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<v Speaker 3>According to the report that I read, and again, whether

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<v Speaker 3>he said it to Biden or not, whether it's just

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<v Speaker 3>stuff being put out by the Chinese, it was a

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<v Speaker 3>It was a lot of language like you're not the

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<v Speaker 3>only nuclear power on earth and just you know, very

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<v Speaker 3>very push pushback. E this means war.

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<v Speaker 2>Oh.

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<v Speaker 3>He laid out, actually laid out four red lines for

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<v Speaker 3>China that the US better not cross that sort of thing.

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<v Speaker 4>Yeah, well, we'll see bra from the perspective of if

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<v Speaker 4>we were attacked by Martians, we would all come together.

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<v Speaker 2>On Earth.

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<v Speaker 4>We have been so obsessed with are internal divisions. I

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<v Speaker 4>think that's why most Americans are unaware of the threats

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<v Speaker 4>from abroad.

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<v Speaker 2>Yeah. Probably so.

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<v Speaker 3>Big study that came out today and this was in

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<v Speaker 3>the New York Times, China has now surpassed Europe as

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<v Speaker 3>the second all time leading polluter on planet Earth. I'm

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<v Speaker 3>not sure how much I care about the historical polluting

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<v Speaker 3>that's gone on, but the climate change people care about

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<v Speaker 3>it a lot because we polluted more throughout the history

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<v Speaker 3>of the world than any of the country, So we

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<v Speaker 3>owe more money than anybody else to try to fix

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<v Speaker 3>the problem, is what they claim. That's only going to

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<v Speaker 3>be true for a few more years. According to this graph, though,

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<v Speaker 3>So China has now passed Europe on this pretty much

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<v Speaker 3>straight up graph because they just started polluting fairly recently,

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<v Speaker 3>because they were all living in huts and eating their

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<v Speaker 3>cats and.

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<v Speaker 2>Stuff like that and not a lot of pollution.

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<v Speaker 3>But now they got all the coal fires and electricity

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<v Speaker 3>and everything going on, They're polluting like crazy. The country

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<v Speaker 3>has now passed Europe is the second largest all time admitter,

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<v Speaker 3>shifting the debate about who pays for global warming. According

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<v Speaker 3>to the New York Times, projections show that China may

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<v Speaker 3>catch up with the United States in just a few years.

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<v Speaker 3>China's soaring emissions are upending climate politics was the story,

0:13:17.520 --> 0:13:19.560
<v Speaker 3>let me just read a little bit of it. For

0:13:19.600 --> 0:13:21.800
<v Speaker 3>many years, wealthy places like the United States and Europe

0:13:21.840 --> 0:13:25.720
<v Speaker 3>have had the biggest historical responsibility for global warming. China's

0:13:25.760 --> 0:13:29.960
<v Speaker 3>astonishing rise is upending that dynamic. Over the past three decades,

0:13:30.240 --> 0:13:33.559
<v Speaker 3>China has built more than one thousand coal fired power

0:13:33.600 --> 0:13:37.839
<v Speaker 3>plants a thousand as its economy has grown more than

0:13:38.040 --> 0:13:42.880
<v Speaker 3>forty fold in thirty years, mostly because of our help,

0:13:43.200 --> 0:13:45.560
<v Speaker 3>thinking that if they got rich enough, they'd be our friends.

0:13:45.840 --> 0:13:48.720
<v Speaker 3>One of the dumbest gambles in the history of the planet.

0:13:49.240 --> 0:13:49.720
<v Speaker 2>Whoops.

0:13:50.520 --> 0:13:54.640
<v Speaker 3>The country has become by far the largest annual emitter

0:13:54.720 --> 0:13:58.320
<v Speaker 3>of greenhouse gases in the world. So they're emphasizing the historical,

0:13:58.440 --> 0:14:02.120
<v Speaker 3>How about emphasize the and on the today chart, it's

0:14:02.120 --> 0:14:05.559
<v Speaker 3>not even close. Like China is way up there and

0:14:05.640 --> 0:14:07.960
<v Speaker 3>the United States is way down here with other countries

0:14:08.040 --> 0:14:08.800
<v Speaker 3>underneath us.

0:14:09.160 --> 0:14:11.400
<v Speaker 4>Right, So if you're trying to build some sort of

0:14:11.520 --> 0:14:16.160
<v Speaker 4>framework for who owes the most your Paris climate accord folks,

0:14:16.200 --> 0:14:19.400
<v Speaker 4>I suppose looking at the historical responsibility makes a little

0:14:19.400 --> 0:14:21.120
<v Speaker 4>bit of sense. But for those of us who live

0:14:21.120 --> 0:14:24.360
<v Speaker 4>in the real world, who's doing it now is a

0:14:24.400 --> 0:14:26.240
<v Speaker 4>much more relevant question.

0:14:25.920 --> 0:14:26.640
<v Speaker 2>I would say so.

0:14:26.840 --> 0:14:29.120
<v Speaker 3>And according to this chart, it looks like China is

0:14:29.160 --> 0:14:32.400
<v Speaker 3>polluting it about two and a half times what we

0:14:32.560 --> 0:14:34.920
<v Speaker 3>are on a year by year basis at this.

0:14:35.000 --> 0:14:36.760
<v Speaker 2>Point two and a half times.

0:14:37.160 --> 0:14:42.800
<v Speaker 3>Yeah, and I'm supposed to alter my lifestyle and suffer

0:14:42.840 --> 0:14:47.400
<v Speaker 3>the overall GDP consequences for what reason?

0:14:48.000 --> 0:14:50.160
<v Speaker 4>And India is working on it. They'll be on that

0:14:50.240 --> 0:14:53.720
<v Speaker 4>chargument we're on. Yeah, the actual biggest country on Earth.

0:14:54.080 --> 0:14:56.200
<v Speaker 4>You go to them and say, hey, can you cut

0:14:56.240 --> 0:14:59.200
<v Speaker 4>back on your fossil fuels a little bit because of

0:14:59.240 --> 0:15:04.760
<v Speaker 4>the planet? The answer is yeah, No, Are you kidding?

0:15:05.000 --> 0:15:07.840
<v Speaker 4>We've got four hundred million people starving here and you

0:15:07.880 --> 0:15:09.040
<v Speaker 4>want us to go solar?

0:15:09.560 --> 0:15:09.640
<v Speaker 5>No.

0:15:11.920 --> 0:15:12.120
<v Speaker 2>Yeah.

0:15:12.400 --> 0:15:16.520
<v Speaker 4>I've got to hope that a lot of the climate

0:15:16.600 --> 0:15:20.680
<v Speaker 4>change nonsense is going to be swept away.

0:15:20.560 --> 0:15:21.960
<v Speaker 2>During Trump's presidency.

0:15:22.080 --> 0:15:24.640
<v Speaker 4>And I'm not talking about any legitimate claims about the

0:15:25.400 --> 0:15:28.720
<v Speaker 4>atmosphere or the environment or whatever. I'm down with that,

0:15:28.840 --> 0:15:35.840
<v Speaker 4>it's fine, but again, cut the crap. Cut the crap.

0:15:35.160 --> 0:15:37.360
<v Speaker 2>Go normstrung, you, Getty dot com, pick yourself up. But

0:15:37.440 --> 0:15:40.040
<v Speaker 2>cut the craft T shirt they're selling like hotcakes.

0:15:40.400 --> 0:15:43.480
<v Speaker 3>Speaking of trouble spots around the world that we ignore,

0:15:43.960 --> 0:15:46.640
<v Speaker 3>this happened over the weekend. Haven't heard it anywhere. The

0:15:46.680 --> 0:15:50.920
<v Speaker 3>Pentagon leaked to Axios that the Houthis are now effectively

0:15:50.960 --> 0:15:55.600
<v Speaker 3>in control over the Red Sea, which is where Remember

0:15:55.600 --> 0:15:57.760
<v Speaker 3>they're telling us the numbers all the time, fifteen percent

0:15:57.840 --> 0:16:00.960
<v Speaker 3>or whatever of all world shipping goes through Kuthi rebels

0:16:00.960 --> 0:16:04.600
<v Speaker 3>are brandishing increasingly sophisticated weapons, including missiles that can do

0:16:04.680 --> 0:16:08.000
<v Speaker 3>things that are just amazing, said the Pentagon's chief Weapons

0:16:08.760 --> 0:16:11.680
<v Speaker 3>somebody or other to Axios over the weekend. The big

0:16:11.720 --> 0:16:14.080
<v Speaker 3>picture being that the militant group has for years used

0:16:14.120 --> 0:16:16.800
<v Speaker 3>drones and missiles to strangle the waters off of Yemen,

0:16:17.040 --> 0:16:18.640
<v Speaker 3>disrupting international shipping.

0:16:19.480 --> 0:16:21.640
<v Speaker 2>And uh, well, I'll read this quote.

0:16:21.680 --> 0:16:23.960
<v Speaker 3>I'm an engineer and a physicist, and I've been around

0:16:24.000 --> 0:16:28.880
<v Speaker 3>missiles my whole career, said a Pentagon employee to Axios.

0:16:29.120 --> 0:16:31.120
<v Speaker 3>What I've seen of what the Houthis have done in

0:16:31.160 --> 0:16:34.400
<v Speaker 3>the last six months is something I'm just shocked. So

0:16:35.400 --> 0:16:37.760
<v Speaker 3>the rest of the world has just let this ragtag

0:16:37.840 --> 0:16:41.800
<v Speaker 3>group of camel riders take over a big, major lane

0:16:41.800 --> 0:16:44.040
<v Speaker 3>of shipping on planet Earth.

0:16:44.440 --> 0:16:47.120
<v Speaker 2>I believe they have Toyota pickups there.

0:16:47.160 --> 0:16:51.680
<v Speaker 4>But anyway, Yeah, who's they're not building those missiles in Yemen?

0:16:51.800 --> 0:16:54.680
<v Speaker 4>Who's sending them to them? And how soon can we

0:16:54.720 --> 0:16:57.880
<v Speaker 4>get the Mummy out of office? I mean he is

0:16:58.200 --> 0:17:05.800
<v Speaker 4>useless bat Kerryah Michael, that's in his old vital days.

0:17:06.160 --> 0:17:09.520
<v Speaker 2>Yeah, he isn't that good anymore. He hasn't he hasn't unleashed.

0:17:09.560 --> 0:17:12.080
<v Speaker 4>I had about a kef care with that sort of

0:17:12.240 --> 0:17:14.000
<v Speaker 4>forcefulness in a year's five.

0:17:15.520 --> 0:17:17.600
<v Speaker 3>Quick question for you, what if you happen to miss

0:17:17.720 --> 0:17:19.640
<v Speaker 3>this unbelievable radio program.

0:17:19.760 --> 0:17:23.080
<v Speaker 4>The answer is easy, friends, just download our podcast, Armstrong

0:17:23.119 --> 0:17:24.960
<v Speaker 4>and Getty on demand. It's the podcast version of the

0:17:25.000 --> 0:17:29.040
<v Speaker 4>broadcast show, available anytime, any day, every single podcast platform

0:17:29.119 --> 0:17:29.679
<v Speaker 4>known demand.

0:17:29.960 --> 0:17:32.640
<v Speaker 2>Download it now Armstrong and Getty on Demand.

0:17:34.080 --> 0:17:44.040
<v Speaker 5>Armstrong, The Armstrong and Getty Show.

0:17:44.760 --> 0:17:47.639
<v Speaker 4>I love this from Andrew Styles the definitive list of

0:17:47.680 --> 0:17:52.639
<v Speaker 4>winners and losers the twenty twenty four election, and actually,

0:17:52.720 --> 0:17:54.720
<v Speaker 4>much as I love Andrew I'm gona quippalle. With his opening,

0:17:54.760 --> 0:17:57.400
<v Speaker 4>he says, the election's over Donald Trump and the Republicans,

0:17:57.400 --> 0:18:02.480
<v Speaker 4>excuse me, a stunning and decisive victory. I would say

0:18:02.520 --> 0:18:05.760
<v Speaker 4>Donald Trump won a stunning, in decisive victory. The Senate

0:18:05.840 --> 0:18:08.840
<v Speaker 4>performed very very well, and the House scraped by for

0:18:08.880 --> 0:18:09.600
<v Speaker 4>the Republicans.

0:18:10.080 --> 0:18:12.600
<v Speaker 2>Yeah. Mentioned certified government mentioned this earlier.

0:18:12.640 --> 0:18:14.320
<v Speaker 3>I hadn't thought about it until I heard a Democrat

0:18:14.320 --> 0:18:16.800
<v Speaker 3>pointed out, how can you call it a wave if

0:18:16.800 --> 0:18:20.000
<v Speaker 3>you're going to have like a three seat majority in

0:18:20.040 --> 0:18:22.520
<v Speaker 3>the House of Representatives.

0:18:21.840 --> 0:18:22.760
<v Speaker 2>That ain't much of a wave.

0:18:22.840 --> 0:18:25.080
<v Speaker 3>I mean, when Obama won, he had like an eighty

0:18:25.160 --> 0:18:26.000
<v Speaker 3>seat majority.

0:18:26.520 --> 0:18:27.920
<v Speaker 2>It's an indy bitty wave. Yeah.

0:18:28.040 --> 0:18:32.520
<v Speaker 4>But anyway, winners and losers. Winner diversity, actual diversity. All

0:18:32.560 --> 0:18:34.960
<v Speaker 4>sorts of different people voted for Trump and got out

0:18:35.000 --> 0:18:37.320
<v Speaker 4>of their electoral pens that the Democrat had told them

0:18:37.320 --> 0:18:39.720
<v Speaker 4>they ought to stay in the Democrats rather, with the

0:18:39.720 --> 0:18:44.440
<v Speaker 4>exception of seniors and college educated white women. Huzzah, Trump

0:18:44.480 --> 0:18:47.679
<v Speaker 4>improved his margins in every group. Winner Hillary Clinton no

0:18:47.760 --> 0:18:49.679
<v Speaker 4>longer the only Democrat to lose to Trump.

0:18:50.520 --> 0:18:50.879
<v Speaker 2>Winner.

0:18:50.920 --> 0:18:53.439
<v Speaker 4>Mental health professionals about to make a fortune treating the

0:18:53.440 --> 0:18:57.040
<v Speaker 4>emotional breakdowns of college educated white women and deranged liberals

0:18:57.040 --> 0:19:00.439
<v Speaker 4>and journalists who base their entire personalities on and hating

0:19:00.480 --> 0:19:01.520
<v Speaker 4>Trump and his supporters.

0:19:01.560 --> 0:19:03.080
<v Speaker 2>Wow, what a way to live your life.

0:19:03.960 --> 0:19:05.879
<v Speaker 4>All the same people who are cutting off friends and

0:19:05.920 --> 0:19:07.880
<v Speaker 4>loved ones who care about them deeply as a human

0:19:07.880 --> 0:19:10.360
<v Speaker 4>being because they because they've bought I think the most

0:19:10.440 --> 0:19:15.359
<v Speaker 4>hyperbolic and ridiculous stuff about politics. Spend Thanksgiving alone and

0:19:16.040 --> 0:19:18.359
<v Speaker 4>in the comfort of knowing at least you're not hanging

0:19:18.400 --> 0:19:19.680
<v Speaker 4>around with Trump voters.

0:19:20.000 --> 0:19:23.920
<v Speaker 2>You weirdo are evil, That's right. Another winner, Dean Phillips.

0:19:24.000 --> 0:19:26.440
<v Speaker 4>Only Democrat with the balls to run against Biden in

0:19:26.480 --> 0:19:28.320
<v Speaker 4>the Democratic primary and say he's too old.

0:19:28.359 --> 0:19:30.080
<v Speaker 2>He was mocked and ridiculed at the time.

0:19:30.200 --> 0:19:32.760
<v Speaker 3>Oh Man in the Democratic Party cut his legs out

0:19:32.760 --> 0:19:35.159
<v Speaker 3>from underneath him, made it impossible for him to get anywhere.

0:19:35.200 --> 0:19:37.480
<v Speaker 4>And he was a one hundred percent right it turns out,

0:19:37.920 --> 0:19:41.879
<v Speaker 4>and telling the truth. Yeah, which he's not welcome in politics. Yeah.

0:19:42.080 --> 0:19:45.840
<v Speaker 4>Another winner Josh Shapiro. He dodged the bullet of being

0:19:46.000 --> 0:19:50.639
<v Speaker 4>a hitch to Kamala Harris's right. He looks smart for

0:19:50.680 --> 0:19:53.040
<v Speaker 4>not taking the job, which he probably didn't want anyway,

0:19:54.320 --> 0:19:56.280
<v Speaker 4>we've already forgotten the name of the guy she did pick,

0:19:56.359 --> 0:19:58.240
<v Speaker 4>the guy in the camo had who pranced around and

0:19:58.280 --> 0:19:59.080
<v Speaker 4>lied about China.

0:19:59.200 --> 0:20:01.760
<v Speaker 3>Yeah, what's his face? Laugh on say or other? How

0:20:01.800 --> 0:20:05.760
<v Speaker 3>about his weird five minutes of fame? That'll never I mean,

0:20:05.760 --> 0:20:06.879
<v Speaker 3>it'll be a trivia question.

0:20:07.560 --> 0:20:09.879
<v Speaker 2>Please, let's begin laughing at the laughing stock.

0:20:11.080 --> 0:20:14.159
<v Speaker 4>Jeff Bezos the whole temper tantrum, saying we got to

0:20:14.200 --> 0:20:15.840
<v Speaker 4>be a reporter.

0:20:15.560 --> 0:20:19.560
<v Speaker 2>Of news, not an opinion machine. Tony Hitchcliff and garbage.

0:20:19.960 --> 0:20:22.560
<v Speaker 4>He goes into how that was like the final week

0:20:22.640 --> 0:20:26.040
<v Speaker 4>closing argument, look at this monster Trump mounted to nothing,

0:20:26.280 --> 0:20:29.119
<v Speaker 4>didn't amount to a pile of garbage in terms of

0:20:29.160 --> 0:20:30.040
<v Speaker 4>electoral effect?

0:20:30.760 --> 0:20:35.520
<v Speaker 2>Right, yes, go ahead that.

0:20:36.960 --> 0:20:40.480
<v Speaker 3>Remember we were counting the days it had, like five

0:20:40.840 --> 0:20:45.240
<v Speaker 3>days of legs. That Puerto Rico joke as being one

0:20:45.240 --> 0:20:50.560
<v Speaker 3>of the lead stories. What a stupid decision from the

0:20:50.640 --> 0:20:52.920
<v Speaker 3>media who was hell bent on bringing down Trump. You

0:20:52.960 --> 0:20:56.080
<v Speaker 3>thought that was your best argument. That comedian's joke apparently

0:20:56.080 --> 0:20:56.600
<v Speaker 3>didn't work.

0:20:57.080 --> 0:21:00.919
<v Speaker 4>Why because they see everything through the lens of identity politics.

0:21:01.240 --> 0:21:04.199
<v Speaker 4>So this looked like an enormous faux paw and a

0:21:04.280 --> 0:21:07.240
<v Speaker 4>great to bring bet to beat Trump with the rest

0:21:07.240 --> 0:21:10.720
<v Speaker 4>of us normal people, including plenty of Democrats and lefties,

0:21:10.760 --> 0:21:13.200
<v Speaker 4>as many of whom are listening right now. They're like, yeah,

0:21:13.240 --> 0:21:15.719
<v Speaker 4>I can't afford my groceries. I don't care what some

0:21:15.760 --> 0:21:20.600
<v Speaker 4>obscure comedians said about Puerto Rico. Alts the new media

0:21:20.640 --> 0:21:26.080
<v Speaker 4>alternative meetia, including ourselves big winners in the election, Sonny

0:21:26.119 --> 0:21:29.040
<v Speaker 4>Hostin and the other ladies of the view, for sinking

0:21:29.040 --> 0:21:32.280
<v Speaker 4>the Harris campaign with the what would you do differently

0:21:32.320 --> 0:21:35.280
<v Speaker 4>than Biden? There is not a thing that comes to mind,

0:21:36.119 --> 0:21:39.159
<v Speaker 4>Harris said, in a breathtaking display of unpreparedness.

0:21:39.440 --> 0:21:41.960
<v Speaker 2>Is Sonny Hosten a lot for journalists of the year.

0:21:42.040 --> 0:21:44.359
<v Speaker 3>Well, as she has come out and said she was

0:21:44.400 --> 0:21:46.760
<v Speaker 3>shocked to that answer. So she was trying to throw

0:21:46.840 --> 0:21:50.720
<v Speaker 3>Kamala a life preserver because she had flubbed the answer

0:21:50.800 --> 0:21:54.720
<v Speaker 3>the day before, and instead of the life preserver she

0:21:54.840 --> 0:21:56.760
<v Speaker 3>threw a cinderblock that took.

0:21:56.640 --> 0:22:00.760
<v Speaker 2>Her under the water. Yes, yeah, well, said winner women.

0:22:01.480 --> 0:22:04.200
<v Speaker 4>Trump's victory Russia and a golden era of women's rights

0:22:04.240 --> 0:22:07.720
<v Speaker 4>in spite of the muling and screeching of the college

0:22:07.840 --> 0:22:11.000
<v Speaker 4>educated white women of a certain age. His chief of staff,

0:22:11.000 --> 0:22:12.960
<v Speaker 4>Susie Wiles, will be the first woman to hold a job.

0:22:13.040 --> 0:22:15.679
<v Speaker 4>It'll soon be safe to play sports again. Women can

0:22:15.720 --> 0:22:19.040
<v Speaker 4>say Merry Christmas and be attractive without getting publicly shamed,

0:22:19.880 --> 0:22:20.399
<v Speaker 4>et cetera.

0:22:20.680 --> 0:22:23.440
<v Speaker 3>When are you're gonna learn, ladies, America does not want

0:22:23.440 --> 0:22:24.480
<v Speaker 3>a female president.

0:22:24.640 --> 0:22:25.920
<v Speaker 2>I think that's they'll take away.

0:22:27.119 --> 0:22:31.639
<v Speaker 4>Oh my god, that was an attempt, and I emphasize

0:22:31.680 --> 0:22:35.400
<v Speaker 4>attempt at humor, ladies, and I apologize for it.

0:22:35.440 --> 0:22:37.400
<v Speaker 2>Scott jameson Grat on the Yeah.

0:22:37.440 --> 0:22:40.000
<v Speaker 3>I heard somebody say the other day, how about try

0:22:40.320 --> 0:22:46.280
<v Speaker 3>something different than pantsuits? Two pantsuit ladies who bring in

0:22:46.560 --> 0:22:50.680
<v Speaker 3>effeminate men to be their underlings, try something different?

0:22:51.720 --> 0:22:55.480
<v Speaker 4>Yeah, yeah, Uh, Margaret thatcher or dresses didn't she?

0:22:55.600 --> 0:22:57.400
<v Speaker 2>I don't remember. I don't care what they wear, wear

0:22:57.440 --> 0:22:58.639
<v Speaker 2>anything at and wear nothing.

0:22:59.160 --> 0:23:04.480
<v Speaker 4>Scott Jennings Great on CNN, Very reasonable, smart conservative, Mark Halpern,

0:23:05.280 --> 0:23:08.320
<v Speaker 4>who's independent reporting in sober analysis, much of which you

0:23:08.400 --> 0:23:10.879
<v Speaker 4>heard mentioned here on The Armstrong and Getty Show, is

0:23:10.960 --> 0:23:15.800
<v Speaker 4>vastly superior and more informative than the mainstream media is hackish, hyperventilating.

0:23:16.240 --> 0:23:21.760
<v Speaker 4>Another example of new media just whooping the old and

0:23:22.040 --> 0:23:25.960
<v Speaker 4>then some other obscure stuff. The PI Israel winner the.

0:23:25.920 --> 0:23:28.919
<v Speaker 3>Pant suit thing is actually interesting and I learned this

0:23:28.960 --> 0:23:31.480
<v Speaker 3>from listening to Sarah i Isiger in the Dispatch. I

0:23:31.560 --> 0:23:35.840
<v Speaker 3>hadn't known about level one, level two, level three feminism,

0:23:35.960 --> 0:23:40.240
<v Speaker 3>but like level two feminism or whatever, maybe one was

0:23:40.600 --> 0:23:42.439
<v Speaker 3>the pants suit. It's like, see, we can be just

0:23:42.480 --> 0:23:44.240
<v Speaker 3>like men. We've got our version of suits and here

0:23:44.240 --> 0:23:46.000
<v Speaker 3>we are in the workplace. And then like the next

0:23:46.040 --> 0:23:49.120
<v Speaker 3>level of feminism, No, I can dress like kind of hot,

0:23:49.240 --> 0:23:52.680
<v Speaker 3>like a woman likes two sometimes in a skirt and

0:23:52.800 --> 0:23:57.120
<v Speaker 3>high heels, and also be effective. And I think that

0:23:57.320 --> 0:24:00.520
<v Speaker 3>would be helpful to get away from that old level

0:24:00.600 --> 0:24:03.760
<v Speaker 3>of pants suit thingy. I think there is sort of

0:24:03.760 --> 0:24:05.440
<v Speaker 3>a subliminal thing going on there.

0:24:05.520 --> 0:24:08.560
<v Speaker 4>Yeah, we're going to free you by demanding you adhere

0:24:08.680 --> 0:24:12.600
<v Speaker 4>to our stereotypes and our orders. You will work outside

0:24:12.600 --> 0:24:15.520
<v Speaker 4>the home. You will turn your nose up at raising

0:24:15.600 --> 0:24:18.720
<v Speaker 4>children and being the leader of the family. You will

0:24:18.720 --> 0:24:21.280
<v Speaker 4>make money for a corporation, and you will wear pants

0:24:21.560 --> 0:24:25.560
<v Speaker 4>in the name of freedom, right right, Yeah. Level threes

0:24:26.200 --> 0:24:28.520
<v Speaker 4>where whatever you want, do whatever you want.

0:24:28.640 --> 0:24:29.960
<v Speaker 2>And I tell you what that's.

0:24:31.320 --> 0:24:34.720
<v Speaker 4>And I don't know if there's a name for guys

0:24:34.760 --> 0:24:39.119
<v Speaker 4>like I'll just speak for myself, who are like women

0:24:39.400 --> 0:24:40.960
<v Speaker 4>can do whatever they want.

0:24:41.000 --> 0:24:42.480
<v Speaker 2>And achieve whatever they want.

0:24:42.600 --> 0:24:45.080
<v Speaker 4>And who the hell am I to tell them that

0:24:45.800 --> 0:24:48.159
<v Speaker 4>it's more satisfying to make another half of a percent

0:24:48.200 --> 0:24:51.320
<v Speaker 4>for your corporation as opposed to raising children and being

0:24:51.359 --> 0:24:55.159
<v Speaker 4>the actual functional chief operating officer as a family.

0:24:55.560 --> 0:24:57.560
<v Speaker 2>You do what you want. I trust you to make

0:24:57.600 --> 0:24:58.120
<v Speaker 2>the decision.

0:24:58.200 --> 0:25:00.760
<v Speaker 4>I don't believe in browbeating people to conformed to some

0:25:00.800 --> 0:25:03.920
<v Speaker 4>sort of, you know, prefab image of what.

0:25:03.800 --> 0:25:04.320
<v Speaker 2>They ought to be.

0:25:04.440 --> 0:25:07.480
<v Speaker 4>I find it disgusting no matter what you know label

0:25:07.520 --> 0:25:10.520
<v Speaker 4>it puts on itself. We're going over the winners and

0:25:10.680 --> 0:25:15.199
<v Speaker 4>losers from the recent election. Loser number one, Come on,

0:25:15.320 --> 0:25:18.760
<v Speaker 4>Joe Biden. The experts told us sleepy Joe would be

0:25:18.800 --> 0:25:22.280
<v Speaker 4>the most consequential president since FDR. When he dropped out

0:25:22.320 --> 0:25:25.440
<v Speaker 4>in July, those same experts compared Biden to George Washington,

0:25:25.560 --> 0:25:28.440
<v Speaker 4>praising his selfless act as political courage.

0:25:28.760 --> 0:25:30.480
<v Speaker 2>He will not be remembered that way now.

0:25:31.160 --> 0:25:34.560
<v Speaker 4>In reality, Biden's decision to run for reelection rights Andrew

0:25:34.640 --> 0:25:36.760
<v Speaker 4>Styles will be remembered as one of the most reckless

0:25:36.800 --> 0:25:40.399
<v Speaker 4>acts of political hubris and American history. His selection of

0:25:40.480 --> 0:25:42.520
<v Speaker 4>Kamala Harris as a running mate in twenty twenty, his

0:25:42.600 --> 0:25:46.520
<v Speaker 4>decision to immediately endorse her, also regarded as monumental blunders.

0:25:46.560 --> 0:25:48.320
<v Speaker 4>This is the legacy Biden deserves.

0:25:48.800 --> 0:25:52.240
<v Speaker 3>They met Trump and Biden met for two hours yesterday.

0:25:52.320 --> 0:25:56.160
<v Speaker 3>I find that pretty interesting alone. What were they talking about?

0:25:56.240 --> 0:26:00.800
<v Speaker 3>Trump says, they talked a lot about you and talked

0:26:00.800 --> 0:26:03.600
<v Speaker 3>a lot about Israel. But two hours, that's a pretty

0:26:03.640 --> 0:26:04.639
<v Speaker 3>serious conversation.

0:26:05.160 --> 0:26:07.640
<v Speaker 2>Oh yeah, yeah, absolutely, I have no doubt. I'm glad

0:26:07.640 --> 0:26:08.480
<v Speaker 2>to hear it. Honestly.

0:26:08.880 --> 0:26:12.080
<v Speaker 4>Another loser, of course, Tim Walltz oh right, the camo

0:26:12.200 --> 0:26:14.600
<v Speaker 4>hat guy who prod around, pranced around on stage, and

0:26:14.640 --> 0:26:18.639
<v Speaker 4>lied constantly about China and other weird things. He was

0:26:18.680 --> 0:26:21.040
<v Speaker 4>supposed to help the Hair's campaign appeal to men. He

0:26:21.160 --> 0:26:24.520
<v Speaker 4>pretended to go pheasant hunting, cackled with the ladies of

0:26:24.560 --> 0:26:27.360
<v Speaker 4>the U, and played video games with AOC. He said

0:26:27.400 --> 0:26:30.840
<v Speaker 4>Republicans were weird. Trump won mail voters by thirteen.

0:26:30.480 --> 0:26:34.520
<v Speaker 3>Points, right, And obviously, if you're going to pick somebody

0:26:34.520 --> 0:26:36.159
<v Speaker 3>out of the whole crowd that was weird.

0:26:36.240 --> 0:26:39.320
<v Speaker 2>He was almost certainly the weirdest. And I'm a knucklehead

0:26:39.359 --> 0:26:39.840
<v Speaker 2>at times.

0:26:40.720 --> 0:26:44.879
<v Speaker 4>Another losers, other losers, the Obamas, and you know, he

0:26:44.960 --> 0:26:48.320
<v Speaker 4>talked about various things, but they tried to shame black

0:26:48.359 --> 0:26:54.119
<v Speaker 4>men into voting for Kamala, scolding the brothers for hating women.

0:26:55.240 --> 0:26:57.359
<v Speaker 2>Oh, go away, please go away.

0:26:58.760 --> 0:27:02.480
<v Speaker 4>Other losers Alex Soros, who's the son of billionaire George

0:27:02.520 --> 0:27:05.280
<v Speaker 4>Soros who funneled hundreds of million dollars of dollars into

0:27:05.280 --> 0:27:08.760
<v Speaker 4>the Democrats in twenty twenty four, hanging out with him

0:27:08.760 --> 0:27:12.119
<v Speaker 4>at elite conferences, inviting them to his swanky Manhattan pad,

0:27:12.200 --> 0:27:15.639
<v Speaker 4>et cetera. And some other people you've never heard of.

0:27:15.680 --> 0:27:19.200
<v Speaker 4>The mainstream media journalists are the worst. They scolded the

0:27:19.240 --> 0:27:22.200
<v Speaker 4>American people for feeling stressed about the economy and thinking,

0:27:22.280 --> 0:27:25.000
<v Speaker 4>but Biden was too old to run for reelection. They

0:27:25.080 --> 0:27:27.400
<v Speaker 4>still don't understand why no one trusts them or takes

0:27:27.440 --> 0:27:29.879
<v Speaker 4>them seriously. They try to put their thumbs on the

0:27:29.920 --> 0:27:31.760
<v Speaker 4>scale for Harris, but it made no difference due to

0:27:31.760 --> 0:27:34.120
<v Speaker 4>their rapidly diminishing credibility and relevance.

0:27:34.400 --> 0:27:36.879
<v Speaker 2>They will learn nothing and carry on into the void.

0:27:37.800 --> 0:27:40.480
<v Speaker 3>Speaking of spending money, did you see that Kamala Harris's

0:27:40.480 --> 0:27:44.640
<v Speaker 3>campaign gave Al Sharpton a half a million dollars five

0:27:44.720 --> 0:27:48.720
<v Speaker 3>hundred thousand dollars they gave to Kamala before he did

0:27:48.760 --> 0:27:52.919
<v Speaker 3>the glowing interview with her. Wow, what kind of shakedown

0:27:53.000 --> 0:27:54.959
<v Speaker 3>is that? And I can't believe that they play that

0:27:55.200 --> 0:27:59.600
<v Speaker 3>game with Al freaking Sharpton. You gave him a half

0:27:59.600 --> 0:28:02.520
<v Speaker 3>a million so he do a softball interview with you.

0:28:03.280 --> 0:28:08.080
<v Speaker 4>Yeah, more losers the Lincoln Project go away, shameless griff.

0:28:08.119 --> 0:28:12.920
<v Speaker 4>There's criminals, terrorists in Iran. Not even Ben Rhodes can

0:28:12.960 --> 0:28:13.280
<v Speaker 4>save you.

0:28:13.359 --> 0:28:15.560
<v Speaker 2>Now, Losers.

0:28:16.560 --> 0:28:19.320
<v Speaker 3>That Al Sharpton thing pisses me off because that interview

0:28:19.440 --> 0:28:22.399
<v Speaker 3>got a fair amount of play in mainstream media because

0:28:22.400 --> 0:28:24.520
<v Speaker 3>she was addressing, you know, the black community and all

0:28:24.520 --> 0:28:26.480
<v Speaker 3>that sort of stuff. He did wouldn't do the interview

0:28:26.560 --> 0:28:28.200
<v Speaker 3>unless he got a half a million dollars.

0:28:28.760 --> 0:28:29.800
<v Speaker 2>Oh my god.

0:28:30.560 --> 0:28:33.720
<v Speaker 4>Can we have some sort of giant statement from you know,

0:28:33.760 --> 0:28:38.920
<v Speaker 4>the black folks in America, fabulous loyal Americans who disavowed

0:28:39.080 --> 0:28:43.000
<v Speaker 4>the very concept of Al Sharpton being a spokesperson for anybody.

0:28:44.320 --> 0:28:53.560
<v Speaker 5>Arm Strong, the Armstrong and Getty Show.

0:28:55.480 --> 0:28:58.240
<v Speaker 4>This is interesting and not terribly shocking. Well, I guess

0:28:58.280 --> 0:29:01.719
<v Speaker 4>when you get down to the the granular details, it

0:29:01.760 --> 0:29:05.160
<v Speaker 4>is fairly shocking. But Americans are more reliant than ever

0:29:05.320 --> 0:29:09.960
<v Speaker 4>on government aid. An aging population, economic distress raised dependence

0:29:09.960 --> 0:29:13.200
<v Speaker 4>on federal and state support, and it matters a hell

0:29:13.200 --> 0:29:16.120
<v Speaker 4>of a lot for our elections. As you might guess,

0:29:16.720 --> 0:29:20.400
<v Speaker 4>Wall Street Journal looking into a major study. This is

0:29:20.440 --> 0:29:23.280
<v Speaker 4>little graphics heavy, but I can interpret it for you.

0:29:23.960 --> 0:29:29.880
<v Speaker 4>They're talking about the share of personal income from government assistance.

0:29:31.080 --> 0:29:34.520
<v Speaker 4>How in how many counties is it twenty five percent

0:29:34.880 --> 0:29:40.080
<v Speaker 4>or more? In nineteen seventy, government safety Net money accounted

0:29:40.120 --> 0:29:43.840
<v Speaker 4>for significant income. That's more than twenty five percent. Twenty

0:29:43.840 --> 0:29:46.560
<v Speaker 4>five percent or more in fewer than one percent of

0:29:46.600 --> 0:29:47.520
<v Speaker 4>America's counties.

0:29:47.600 --> 0:29:50.200
<v Speaker 2>So say that again. In one year in nineteen seventy,

0:29:50.240 --> 0:29:54.080
<v Speaker 2>it was less than one percent. Okay, okay.

0:29:54.160 --> 0:29:58.600
<v Speaker 4>In two thousand it went from less than one percent

0:29:58.680 --> 0:30:03.560
<v Speaker 4>to roughly ten percent. That's the year twenty ten percent,

0:30:03.600 --> 0:30:07.960
<v Speaker 4>which a tenfold increase is not minor. In the year

0:30:08.000 --> 0:30:12.640
<v Speaker 4>twenty twenty two, fifty three percent, more than half of

0:30:12.800 --> 0:30:15.440
<v Speaker 4>US counties drew at least a quarter of their income

0:30:15.480 --> 0:30:16.400
<v Speaker 4>from government eight.

0:30:16.680 --> 0:30:19.400
<v Speaker 3>So this is we were talking about this last week,

0:30:19.440 --> 0:30:23.080
<v Speaker 3>and now that it's the average person in the bottom quintile.

0:30:23.120 --> 0:30:25.520
<v Speaker 3>I know this is a lot of complicated talking, but

0:30:25.600 --> 0:30:30.800
<v Speaker 3>the bottom twenty percent of income earners in America get

0:30:30.840 --> 0:30:35.920
<v Speaker 3>on average sixty eight thousand dollars per household of transfer payments,

0:30:36.200 --> 0:30:39.920
<v Speaker 3>and that's left out of every argument about we have

0:30:40.080 --> 0:30:42.240
<v Speaker 3>the highest inequality of any nation.

0:30:42.120 --> 0:30:43.440
<v Speaker 2>In the world.

0:30:43.760 --> 0:30:46.520
<v Speaker 3>They never include this stuff and what you just talked

0:30:46.520 --> 0:30:51.880
<v Speaker 3>about there, that's never included in these conversations from Bernie

0:30:51.960 --> 0:30:55.240
<v Speaker 3>Sanders or probably Tim Walls tonight in the debate. People

0:30:55.280 --> 0:30:58.800
<v Speaker 3>live in paycheck to paycheck. Well, more people are getting

0:30:58.800 --> 0:31:02.240
<v Speaker 3>the handouts from the government than ever before by a lot.

0:31:03.600 --> 0:31:07.200
<v Speaker 3>And as we've discussed with Craig the healthcare guru, socialism

0:31:07.360 --> 0:31:11.440
<v Speaker 3>is not a light switch. It's a a fungus oh

0:31:11.480 --> 0:31:17.000
<v Speaker 3>that spreads across a country, and it's programmed benefits and yeah, yeah, sure.

0:31:16.920 --> 0:31:20.400
<v Speaker 2>It starts hating across there's just no stopping it. Yeah.

0:31:20.440 --> 0:31:23.840
<v Speaker 4>So the big reasons for this dramatic growth are interesting.

0:31:25.400 --> 0:31:27.920
<v Speaker 4>Some of them I think most conservatives would reject out

0:31:27.920 --> 0:31:29.760
<v Speaker 4>of hand, But it gets a little complicated when you

0:31:29.800 --> 0:31:32.160
<v Speaker 4>dig into it. There are much larger share of Americans

0:31:32.160 --> 0:31:35.440
<v Speaker 4>who are seniors. Period, we're living longer and we've aged

0:31:35.440 --> 0:31:38.480
<v Speaker 4>as a population, we're not having kids anymore. And healthcare

0:31:38.600 --> 0:31:44.960
<v Speaker 4>raw sorry, healthcare costs have risen fairly dramatically as they've

0:31:44.960 --> 0:31:50.160
<v Speaker 4>gotten more fantastic. The technology we have at our disposal

0:31:50.400 --> 0:31:53.640
<v Speaker 4>to keep ourselves healthy and alive is truly awe inspiring.

0:31:54.080 --> 0:31:55.120
<v Speaker 2>But it costs.

0:31:55.440 --> 0:31:57.880
<v Speaker 3>Yeah, And as my doctor said last week, what exactly

0:31:57.920 --> 0:32:01.800
<v Speaker 3>is the point? Sometimes he wanted, as we just get

0:32:02.240 --> 0:32:05.640
<v Speaker 3>you know, our brains don't work, our bodies don't work,

0:32:05.680 --> 0:32:08.400
<v Speaker 3>but we hang around longer at a great expense.

0:32:09.280 --> 0:32:11.680
<v Speaker 4>Right, Well, it could be the money is the point

0:32:11.720 --> 0:32:16.240
<v Speaker 4>in at least some situations, although it's I understand it's

0:32:16.280 --> 0:32:19.240
<v Speaker 4>an odd conundrum that a person could sit around rubbing

0:32:19.240 --> 0:32:22.200
<v Speaker 4>their chin thinking about for a long time. You're not

0:32:22.320 --> 0:32:27.520
<v Speaker 4>going to turn down medical advances because it's every advance

0:32:27.640 --> 0:32:30.440
<v Speaker 4>is an incremental step. It can lead toward other advances

0:32:30.560 --> 0:32:33.520
<v Speaker 4>or cures or what have you. But at the same time,

0:32:33.640 --> 0:32:36.680
<v Speaker 4>you and your doctor are quite right, Hey, good news,

0:32:36.760 --> 0:32:43.160
<v Speaker 4>we can keep alzheimer suffering Granny alive for one more year.

0:32:43.320 --> 0:32:46.360
<v Speaker 4>We can stave off for cancer with this new gene therapy.

0:32:46.400 --> 0:32:50.320
<v Speaker 4>Blah blah blah. What are we doing here? Yeah, anyway

0:32:50.800 --> 0:32:53.160
<v Speaker 4>to get back to the major thread of the thing,

0:32:53.320 --> 0:32:57.520
<v Speaker 4>ERNI here blah blah. At the same time, many communities,

0:32:57.560 --> 0:33:00.800
<v Speaker 4>so it's the aging and the development of metaical technology.

0:33:00.920 --> 0:33:01.320
<v Speaker 2>Number one.

0:33:01.880 --> 0:33:04.200
<v Speaker 4>At the same time, any communities have suffered from economic

0:33:04.360 --> 0:33:08.440
<v Speaker 4>client because of the challenges, including the loss of manufacturing,

0:33:09.120 --> 0:33:11.520
<v Speaker 4>leaving government money is the larger share of people's income

0:33:11.560 --> 0:33:12.360
<v Speaker 4>in such places.

0:33:14.440 --> 0:33:15.520
<v Speaker 2>You know, I could bore you to death.

0:33:15.520 --> 0:33:17.120
<v Speaker 4>I won't because I do this for a living and

0:33:17.480 --> 0:33:21.840
<v Speaker 4>kind of enjoy getting the paycheck. But one of the

0:33:21.840 --> 0:33:27.080
<v Speaker 4>big debates in conservative circles these days is the question

0:33:27.160 --> 0:33:35.400
<v Speaker 4>of the reagan Esque free trade global economy conservatives versus

0:33:35.440 --> 0:33:39.840
<v Speaker 4>what's being called the new conservatism or whatever you want

0:33:39.880 --> 0:33:45.680
<v Speaker 4>to call it. And everybody's always government conservatism. Some people

0:33:45.720 --> 0:33:49.160
<v Speaker 4>call it, yeah, industrial planning, you know. Sometimes people even

0:33:49.160 --> 0:33:52.480
<v Speaker 4>call it central planning what have you, and are bellowing

0:33:52.560 --> 0:33:55.840
<v Speaker 4>at each other about it, as if the solutions and

0:33:55.960 --> 0:33:57.560
<v Speaker 4>the questions and answers are very simple.

0:33:57.560 --> 0:34:00.880
<v Speaker 2>They're not at all. They're trillions of dollars at stake.

0:34:00.920 --> 0:34:02.960
<v Speaker 4>So I understand why the people making lots and lots

0:34:02.960 --> 0:34:05.760
<v Speaker 4>of money want to keep that money flowing. They don't

0:34:05.800 --> 0:34:09.400
<v Speaker 4>care how much unemployment there is in rural Pennsylvania, for instance.

0:34:11.080 --> 0:34:13.520
<v Speaker 4>At the same time, oh oh, and the other point

0:34:13.520 --> 0:34:15.160
<v Speaker 4>I was going to make on the side of the

0:34:15.320 --> 0:34:21.880
<v Speaker 4>new Conservatives back in Reagan's day, we didn't have a

0:34:22.000 --> 0:34:25.200
<v Speaker 4>situation where our chief global adversary is our one of

0:34:25.200 --> 0:34:29.840
<v Speaker 4>our chief trading partners, technology partners, and practically indispensable to

0:34:29.840 --> 0:34:34.040
<v Speaker 4>the world economy. So if you are pitching free global

0:34:34.080 --> 0:34:39.400
<v Speaker 4>trade of a reaganesque sort, you are pitching continued interaction

0:34:39.520 --> 0:34:44.480
<v Speaker 4>slash dependence with China, which is just a bad idea.

0:34:44.640 --> 0:34:47.560
<v Speaker 4>Times have changed, the arguments have to change too, So

0:34:47.600 --> 0:34:50.400
<v Speaker 4>I have sympathy with both sides, but it is not simple.

0:34:51.440 --> 0:34:55.880
<v Speaker 4>So for its analysis of government spending, EIG, which is

0:34:55.960 --> 0:34:58.840
<v Speaker 4>the folks doing the analysis, used a government definition of

0:34:58.880 --> 0:35:02.600
<v Speaker 4>income that includes spending on programs that Americans pay into,

0:35:02.719 --> 0:35:07.520
<v Speaker 4>such as Medicare and Social Security. Another major government health program, Medicaid,

0:35:07.560 --> 0:35:11.720
<v Speaker 4>is counted. The analysis also includes unemployment insurance, food stamps,

0:35:11.760 --> 0:35:15.480
<v Speaker 4>the Earned Income Tax Credit, veterans benefits, pell grants, COVID

0:35:15.480 --> 0:35:18.920
<v Speaker 4>era payments, and other income supports. States helped pay for

0:35:19.000 --> 0:35:21.160
<v Speaker 4>some of these programs, like Medicaid, but the federal government

0:35:21.239 --> 0:35:25.400
<v Speaker 4>covers roughly seventy percent of the cost, and it doesn't

0:35:25.400 --> 0:35:28.520
<v Speaker 4>include other ways government spending floods into corners of America,

0:35:28.600 --> 0:35:35.160
<v Speaker 4>such as farm subsidies or military bases. So this spending

0:35:35.160 --> 0:35:37.920
<v Speaker 4>accounts for big and growing share of not only the

0:35:38.239 --> 0:35:41.040
<v Speaker 4>income of the nation but also our national debt. We

0:35:41.239 --> 0:35:46.720
<v Speaker 4>are addicted to government spending slash social programs as a country.

0:35:47.680 --> 0:35:49.680
<v Speaker 3>There's no weaning off that either. I don't believe you

0:35:49.680 --> 0:35:51.960
<v Speaker 3>can go backwards, so I don't think it's possible, but

0:35:52.040 --> 0:35:52.480
<v Speaker 3>you do have.

0:35:52.440 --> 0:35:54.600
<v Speaker 4>To be honest about the dollars and cents coming and going,

0:35:54.640 --> 0:35:56.279
<v Speaker 4>and we're headed for a cliff. So we went from

0:35:56.360 --> 0:36:01.080
<v Speaker 4>one percent nineteen seventy to over half now correct.

0:36:01.120 --> 0:36:02.160
<v Speaker 2>That's unbelievable.

0:36:02.600 --> 0:36:05.960
<v Speaker 3>Not very many people can tell you that Armstrong and

0:36:06.040 --> 0:36:06.680
<v Speaker 3>Getty