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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 Getty arm Strong

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Speaker 1: and Getty and he.

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Speaker 2: Armstrong and Yetty.

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Speaker 3: I think it's useful for all of us to step

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Speaker 3: back and ask us, ask ourselves, what has the globalist

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Speaker 3: economy gotten the United States of America? And the answer is, fundamentally,

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Speaker 3: it's based on two principles. Incurring a huge amount of

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Speaker 3: debt to buy things that other countries make for us,

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Speaker 3: and to make it a little bit more crystal clear,

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Speaker 3: we borrow money from Chinese peasants to buy the things

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Speaker 3: those Chinese peasants manufacturer. That is not a recipe for

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Speaker 3: economic prosperity. It's not a recipe for low prices, and

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Speaker 3: it's not a recipe for good jobs in the United

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Speaker 3: States of America.

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Speaker 2: Jadie Vance is very, very smart, smart enough to know

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Speaker 2: when being full of crap will sell. There's a fair

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Speaker 2: amount of what he says that's full of crap. Trade

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Speaker 2: imbalances don't really matter with individual countries. It just doesn't matter.

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Speaker 2: We're a gigantic market. We're always going to be buy

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Speaker 2: more than we sell to these little countries. It's okay

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Speaker 2: to have a trade inbalance, but how about the tariff imbalance?

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Speaker 4: Though I still somebody explained to me why it's okay

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Speaker 4: for Europe to tariff our stuff forty but if we

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Speaker 4: come close to terriffic back it's awful right that I'm

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Speaker 4: not saying it's not. I just don't understand why that

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Speaker 4: is the question.

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Speaker 2: Boiled down brilliantly by my partner, mister Armstrong. It helps

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Speaker 2: being dumb, well, it helps to get to the core

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Speaker 2: of the issue, as opposed to some of the more

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Speaker 2: fancy arguments that you're hearing. The Wall Street types will

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Speaker 2: make much, much, much, much more money over the next

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Speaker 2: two to eight years with the status quo than if

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Speaker 2: we change the status quo substantially and rejigger all the

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Speaker 2: tariffs and get into a quote unquote trade war, which

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Speaker 2: I don't actually think is going to happen, well two

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Speaker 2: to eight years.

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Speaker 4: As we all know, most of your Wall Street companies

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Speaker 4: are worried about this quarter.

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Speaker 2: Correct, Yeah, I'm thinking about two years. What is best

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Speaker 2: for the American worker the American economy in the short,

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Speaker 2: medium and long term is often very, very different than

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Speaker 2: what's great for Wall Street now. I'm not anti Wall Street.

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Speaker 2: I got a who bunch of money invested, trust me.

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Speaker 2: I'm counting on someday retiring from this dead end or

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Speaker 2: racket anyway. So you've got so many competing interests here

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Speaker 2: which often intersect. If you have a four to oh

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Speaker 2: one K, you don't want to see the market go

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Speaker 2: to hell, catch fire and sing into the ocean, of course. Not.

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Speaker 2: On the other hand, a situation in which, for instance,

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Speaker 2: are good pals in the European Union have been hitting

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Speaker 2: us with thirty nine percent tariffs on the stuff they

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Speaker 2: let in they won't in let in lobster and beef

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Speaker 2: and a couple other things at all. And now we're

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Speaker 2: jacking up our horrific tariff against Europe to twenty percent.

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Speaker 2: They're still at thirty nine percent on our goods. In

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Speaker 2: what sense is that starting a trade war? It's not.

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Speaker 2: It's reshaping the playing field in a way that makes

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Speaker 2: Wall Street and American corporations very nervous because they can't plan.

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Speaker 2: So they're yelling and saying this is a terrible mistake

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Speaker 2: because it will cost them. They are sincere, but they're

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Speaker 2: not sincere about all of it. If I would love

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Speaker 2: to see the five or so points of view on

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Speaker 2: this staunchly in favor of it, somewhat in favor of it,

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Speaker 2: kind of neutral, blah blah blah, all fed sodium pentathol

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Speaker 2: or a couple good stiff drinks make them honest about

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Speaker 2: why they're objecting in the way they're objecting.

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Speaker 4: Should I be concerned that Bernie and Elizabeth Warren and

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Speaker 4: AOC are silent on this topic because this tends to

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Speaker 4: be a lefty thing over the years of wanting to

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Speaker 4: get into tariffs. Yeah, well, I mean politically, you know

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Speaker 4: your bedfellows. My bedfellows seem to be Bernie Sanders and

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Speaker 4: Elizabeth Warren.

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Speaker 2: Yeah. Yeah, It's funny. Conservatism is evolving, and it's not

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Speaker 2: just toward quote unquote populism. I read a great, great

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Speaker 2: couple of sentences a while ago. I wish I'd had

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Speaker 2: a tattooed on my arm that the reason, one of

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Speaker 2: the reasons for the rise of Trump was that working

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Speaker 2: America had gotten nothing but condescension and judgment, no doubt

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Speaker 2: and dependency from the Democrats, and nothing but false promises

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Speaker 2: from conservatives. All those steel workers and car workers and

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Speaker 2: you know, washing machine workers and blah blah blah, who

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Speaker 2: are placed out of jobs because you can make it

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Speaker 2: cheaper in South Africa or Malaysia or wherever they got

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Speaker 2: false promises. Now, the rising tide did lift all boats

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Speaker 2: some but some boats much much, much more than others.

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Speaker 2: So now Trump comes along and says, no, We're going

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Speaker 2: to serve the American people, not the giant American corporations.

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Speaker 2: How does that contrast, by the way, with the whole

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Speaker 2: million ass a billion ass. Trump is half of the

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Speaker 2: billion as right.

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Speaker 4: Well, yeah, I was gonna mention The New York Times

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Speaker 4: today one of their side headlines around this, and this

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Speaker 4: is a giant story, this whole tariff thing.

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Speaker 2: Mean, this is enormous importance. You can't exaggerate how important

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Speaker 2: this is.

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Speaker 4: But one of their analysis pieces, Trump's tariff's our latest

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Speaker 4: sign of his second term appetite for risk. He is

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Speaker 4: not taking the soft, easy way to glide through four

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Speaker 4: years of being president and try to stay popular at all.

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Speaker 4: I mean, this is really laying it on the line.

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Speaker 4: Another angle of this whole tariff thing and restructuring the

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Speaker 4: global economy. I've heard this from a couple of places

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Speaker 4: which I've always been bothered by the concept of jobs

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Speaker 4: Americans won't do.

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Speaker 2: That just rubs me the wrong way.

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Speaker 4: For a variety of reasons, including the fact that I've

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Speaker 4: done a lot of really, really crappy jobs and I

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Speaker 4: never thought it was beneath me to do those jobs.

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Speaker 4: I you know, I structured my life in such a

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Speaker 4: way that I wouldn't have to keep doing those jobs.

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Speaker 2: Those jobs motivated everything I have become.

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Speaker 4: But the idea that we're too good for those jobs

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Speaker 4: just seems like a recipe. It's just, you know, I'm

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Speaker 4: a big fan of the French Revolution. It's got a

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Speaker 4: bit of a Louis the sixteenth culture to it. You know,

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Speaker 4: we don't have to do certain things, and you just

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Speaker 4: keep getting poorer and poorer.

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Speaker 2: And how big a fan of the French Revolution are you?

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Speaker 2: I mean, if I like descend, am I going to

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Speaker 2: get the you know, the old chopper rony whatever it takes? Okay?

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Speaker 4: But then this angle that I've heard a number of

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Speaker 4: times recently as I've listened to a ton of podcasts

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Speaker 4: on this. There's a piece in the Financial Times today

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Speaker 4: by this guy, Michael Strain. We should not be wishing

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Speaker 4: for American workers to return to the days of sewing

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Speaker 4: tennis shoes together in factories. So like if you got

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Speaker 4: Nike to come to the United States or Converse came

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Speaker 4: back to the United States like they had been, that

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Speaker 4: that would be a horror because you'd have Americans sewing

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Speaker 4: shoes and factories.

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Speaker 2: No, no, Americans should be in cubicles typing into computers

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Speaker 2: for that wages. That is what God has ordained. Yes,

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Speaker 2: that's that point of view, which I find very odd.

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Speaker 4: And if Converse through through the restructuring of the world,

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Speaker 4: Converse decides they need to be back in the United States, well,

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Speaker 4: they're going to have to pay workers whatever they got

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Speaker 4: to pay them to get them to show up, which

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Speaker 4: is the way it is with the fast food industry

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Speaker 4: and your cubical job and everything else. I just I

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Speaker 4: don't understand the horror there. And again getting back to

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Speaker 4: the reciprocal terrif idea. As you look at the chart,

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Speaker 4: and we'll post an easy link to find at armstrong

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Speaker 4: e geddy dot com if you want to look at

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Speaker 4: what the other countries around the world are charging us

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Speaker 4: in tariffs and what these new discounted reciprocal tariffs are

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Speaker 4: going to be on their goods.

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Speaker 2: You'll see a that is very reasonable. And b that's

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Speaker 2: not the end point. What the end point is gonna be.

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Speaker 2: And it might be in like a week or two,

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Speaker 2: or it might be in a six months. There might

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Speaker 2: be in a year or two years. I don't know.

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Speaker 2: This is a a passing through point on the way

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Speaker 2: to the post post World War two trade uh norms.

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Speaker 2: In my opinion, here's what the Wall Street Journal said.

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Speaker 2: Their panties are like in a wad, then bronzed, encased

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Speaker 2: in amber, and coated with steel. It's the most wadded

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Speaker 2: panties in the history. End Well, it's the what do

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Speaker 2: you call It's a wedgie. It's the atomic wedgie. You

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Speaker 2: pull a clip over their head. Yes, forbidden by the

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Speaker 2: Geneva Convention. President Trump unveiled his new Liberation Day tariffs

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Speaker 2: on Wednesday, and they are another large step toward a

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Speaker 2: new old era of trade protectionism. Assuming the policy sticks,

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Speaker 2: and we hope it doesn't, the effort amounts to an

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Speaker 2: attempt to remake the US economy in the world trade

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Speaker 2: trading system. All details aren't clear as we write this,

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Speaker 2: but mister Trump's tariffs look reciprocal in name only. First,

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Speaker 2: he's hitting every nation in the world with a ten

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Speaker 2: percent baseline tariff to sell in the US market for

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Speaker 2: those he calls bad actors. He's adding up the tariff

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Speaker 2: rates on US goods plus an arbitrary estimate of the

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Speaker 2: cost of its currency manipulation and non tariff barriers. I

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Speaker 2: don't think it's entirely arbitrary. But he then takes the

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Speaker 2: total number and applies half that in tariffs on the

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Speaker 2: country's exports to the US. So if they charge us

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Speaker 2: forty nine percent, we charge them twenty four percent. That

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Speaker 2: doesn't seem that insane. Then they go into some of

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Speaker 2: the details not worth sharing because we've done it. He're

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Speaker 2: the main point new economic Oh, let's consider some of

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Speaker 2: the consequences already emerging in this new protectionist stage. And

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Speaker 2: again I question whether charging them half of what they

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Speaker 2: charge us is quote unquote protectionist. New economic risks and uncertainty.

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Speaker 2: The overall economic impact mister Trump's tariff barrage is unknowable,

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Speaker 2: not least because we don't know how countries will react.

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Speaker 2: Could be widespread retaliation, there won't be. I don't think

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Speaker 2: there will be. There will certainly be higher costs for

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Speaker 2: American consumers and businesses. Tariffs are taxes, and when you

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Speaker 2: tax something, you get less of it. Tariffs are taxes.

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Speaker 2: They are one hundred percent taxes. That is correct on imports,

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Speaker 2: so we will get fewer imports until the tariff rates

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Speaker 2: adjust again, and then we get more exports. Theoretically, car

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Speaker 2: prices will rise by thousands of dollars, including those made

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Speaker 2: in America. That's correct. Mister Trump is making deliberate decision

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Speaker 2: to transfer wealth from consumers to businesses and workers protected

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Speaker 2: from competition behind high tariff walls. Over All this, over time,

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Speaker 2: this will mean the gradual erosion of US competitiveness. It

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Speaker 2: will harm American exports. One long term US trade goals

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Speaker 2: to expand markets for American goods and services. Mister Trump's

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Speaker 2: unilateral tariffs blow up those arrangements and invite retaliation. In

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Speaker 2: what sense are they unilateral? I honestly, and if I'm

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Speaker 2: missing something significant, please drop us an email mail bag

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Speaker 2: at Armstrong in getty dot com. I would much rather

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Speaker 2: be corrected and eat crow than to be bellowing something

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Speaker 2: that is wrong on the air, So feel free mail

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Speaker 2: bag at Armstrong and getty dot com, or if you'd

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Speaker 2: prefer to text four one five, two nine five kftc

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Speaker 2: uh he makes the Wall Street Journal makes a couple

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Speaker 2: other broad points, and I'll just hit those very quickly

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Speaker 2: It's super easy. Just picked more or less on at

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Speaker 2: Use that code Armstrong get fifty dollars instantly after you

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Speaker 2: you get it automatically. Prize picks. Run your game, all right.

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Speaker 2: Here are the other main points this and some of

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Speaker 2: this is persuasive. Like I said before, this is complicated stuff.

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Speaker 2: And there are some some harms absolutely that this will

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Speaker 2: cause that will be disruptive, at least in the short term.

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Speaker 2: A bigger Washington Swamp tariffs impose costs that businesses will

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Speaker 2: want to avoid. This. Thus this will be a windfall

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Speaker 2: for Beltwait lobbyists as companies can country seek exemptions from

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Speaker 2: this or that border tax. Trump says there will be

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Speaker 2: no tariff exemption, but watch that promise vanish as politicians,

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Speaker 2: including mister Trump, see exemptions as a way to leverage

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Speaker 2: campaign contributions from business. Liberation Day is by another yacht

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Speaker 2: day for the swamp woof, and it will be the

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Speaker 2: end of US economic leadership. The share of global GDP

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Speaker 2: has been stable at about twenty five percent for decades,

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Speaker 2: even as industries rise and fall. That era is now

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Speaker 2: ending as mister Trump adopts a more mercantile vision of

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Speaker 2: trade in US self interest. Don't bother you look it

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Speaker 2: up if you want. The result is likely to be

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Speaker 2: every nation for itself, as countries seek to carve up

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Speaker 2: global markets based not on market efficiency but for political advantage.

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Speaker 2: In the worst case, the world trading system could evolve

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Speaker 2: into a beggar thy neighbor policy as in the nineteen thirties.

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Speaker 2: And they say this will also be a major opportunity

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Speaker 2: for China. You know, I'm going to use that as

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Speaker 2: a measuring stick over the years.

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Speaker 4: You're right, it's been We have been about a quarter

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Speaker 4: of the world's GDP for quite a while. Now, where

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Speaker 4: will we be five years from now, ten years from now?

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Speaker 4: An interesting way to look at it.

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Speaker 2: Yeah, we need to take a break, but there's more

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Speaker 2: to be said, and we will say it, and you

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Speaker 2: can take your input.

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Speaker 4: Yeah, you're your input at text line four one KFTC.

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Speaker 2: Corey Booker just delivered the longest speech in Senate history

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Speaker 2: at twenty five hours and five minutes.

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Speaker 5: Check out the other historically long speeches that knocked off

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Speaker 5: the top of the list.

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Speaker 6: Senator Strom Thurmond in nineteen fifty seven, your dad after

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Speaker 6: he found weed in your sock drawer. Your coworker telling

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Speaker 6: you about a dream they had last night. Adrian Brody

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Speaker 6: accepting the Oscar for Best Actor. Every group of bridesmaids

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Speaker 6: whose speech starts with for those of you who don't

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Speaker 6: know us, we're Becka's best friends from growing up. The

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Speaker 6: person over fifty when you asked them for directions, the

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Speaker 6: waiter reciting the specials when you already know you're just

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Speaker 6: getting the burger, and Joe Biden saying one sentence, Hey.

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Speaker 2: Yeah, that's a fucking good the list now he holds

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Speaker 2: the records are really good. Boy. That Corey Booker, idiotic stunt,

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Speaker 2: gotten zero attention, hilarious bride He's made for those who

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Speaker 2: don't know we've been best friends since here comes the

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Speaker 2: lost story.

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Speaker 7: Boy.

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Speaker 2: It's not for me, it's for them. It's their day. Sure,

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Speaker 2: so I'll just think about something else. Why I tell this?

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Speaker 4: So let me run through a couple of things for

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Speaker 4: you in our limited time. In this segment, Kanye West

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Speaker 4: confirms split from his wife Bianca after his disturbing rants,

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Speaker 4: which Joe mentioned the other day if you haven't watched him,

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Speaker 4: he did an interview in.

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Speaker 2: A full Ku Kus Klan outfit, but black instead of white.

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Speaker 2: The Pointy Hood and everything did the interviews through the mask,

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Speaker 2: so it was wrong and an interview guy had to

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Speaker 2: be thinking, dude, I get it, all right, you're outrageous.

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Speaker 2: Take off the mask. So this is audio.

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Speaker 4: It sounds terrible anyway. So his wife is taken off.

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Speaker 4: He says he's tracking her on her on his app.

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Speaker 4: He's tracking her and she ran away. Okay, So there's

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Speaker 4: that Another New York Post got her chipped like a dog. Well,

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Speaker 4: you know you probably do. Maybe you do this, I

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Speaker 4: don't know, but you know, like you share your location

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Speaker 4: with youruse absolutely his sons whatever. Yeah, but i'd thought

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Speaker 4: she'd have turned dolf. Yeah, New York Post headline. Another

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Speaker 4: one dog breaks Guinness World record for a number of

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Speaker 4: tennis balls in mouth at once. M I didn't know

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Speaker 4: that was a record. The question is does a dog

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Speaker 4: know he was breaking a record? His dog has looks

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Speaker 4: to be like five tennis balls in his mouth the way.

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Speaker 4: That's a good boy, good boy, we've set a world record. Congratulations.

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Speaker 4: And I had another one I wanted to get on. Oh,

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Speaker 4: this high school baseball player whose name happens to be

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Speaker 4: Jack Bauer. If you're old enough to remember the TV

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Speaker 4: show twenty four, he wears the number twenty four on

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Speaker 4: his jersey because his name is Jack bar. I'm sure

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Speaker 4: his parents had to tell him about this because he

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Speaker 4: was born after that show was on. But he's a

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Speaker 4: high school kid and he throws one hundred and two

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Speaker 4: miles an hour. No and uh yeah, and he's like

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Speaker 4: everybody's paying attention to him.

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Speaker 2: Obviously. He had a game Tuesday.

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Speaker 4: His fastball averaged between ninety seven and one oh one

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Speaker 4: in the Tuesday game. Now, as a high school player,

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Speaker 4: you gotta be thinking, can I just can me just

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Speaker 4: do they have a thing where I can just forfeit

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Speaker 4: my bat bat so I don't take one in the

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Speaker 4: head if he happens to.

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Speaker 2: Lose it, I would be at the far back outside

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Speaker 2: corner of the batter's box, covering myself up, saying, dude,

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Speaker 2: you're either going to throw three strikes or four balls first.

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Speaker 2: I'm either going to head to the bench or first base.

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Speaker 2: Go ahead.

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Speaker 4: I'm not gonna be killed today. One other sport thing,

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Speaker 4: you know. So, I was at my son's volleyball game

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Speaker 4: last night. Real volleyball where you have howard eight people

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Speaker 4: on each side. That is so much more entertaining than

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Speaker 4: the two person beach volleyball. I don't care what anybody

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Speaker 4: says regular volleyball is really exciting.

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Speaker 2: But they're not sexy babes wearing thongs, right, that's the thing.

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Speaker 4: They aren't not bigini, So it'll never be an Olympic

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Speaker 4: sport that anybody pays the attention to.

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Speaker 2: So we need to revisit the Ezra Kleine progressive view

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Speaker 2: of life that we touched on yesterday, and we've got

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Speaker 2: some great reaction to that via email more of talk,

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Speaker 2: including I've meant to throw in. Speaking for myself, there's

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Speaker 2: no question this is terrible for me in the short

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Speaker 2: term financially speaking. Oh yeah, Oh it's awful. So believe me.

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Speaker 2: I'm not touting this because I think it'll help me.

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Speaker 1: Armstrong and getty.

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Speaker 7: You can see now that we are in a pre

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Speaker 7: civil war culture now, But I look at the politics

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Speaker 7: of it, of where people are in this country today

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Speaker 7: and the division and how they're holding fast and no

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Speaker 7: one's going to falter, no one's going to break or.

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Speaker 2: A compromise, and it's bad. Hands up, hands up, don't shoot.

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Speaker 2: That's Alec Baldwin.

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Speaker 4: I'm saying we're in a pre civil war culture.

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Speaker 2: So I I hope he's wrong about that. I'll grow

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Speaker 2: my beard out. I don't I don't know what to

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Speaker 2: do alec.

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Speaker 4: But we are quite polarized, and nobody's giving and I

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Speaker 4: don't know that I feel like it's improving any But

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Speaker 4: I've always been interested in the how, you know, people

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Speaker 4: grow up with a lefty view of the world, you

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Speaker 4: go up with a conservative view of the world, and

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Speaker 4: just they're so different and what causes that and all

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Speaker 4: that different sort of thing. But we were talking yesterday

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Speaker 4: about this interview I heard with Ezra Kline of The

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Speaker 4: New York Times in which he was asked to describe

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Speaker 4: the lefty point of view and to summarize it fairly succinctly,

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Speaker 4: And it made me scream out loud in my bedroom. Oh,

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Speaker 4: you've got to every beginning, because he got into the

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Speaker 4: whole Look, life is unfair, and people have different advantages.

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Speaker 4: Where you're born, how smart your parents were, how you know,

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Speaker 4: blah blah blah, the kind of school you went to

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Speaker 4: do So if you're successful, you didn't do that, you

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Speaker 4: didn't build that in the famous Obama thing. And so

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Speaker 4: the job of the government is to try to you know,

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Speaker 4: you can't get perfect outcomes, but the job of the

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Speaker 4: government is trying to level that out, right, I thought, Okay, yeah,

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Speaker 4: how so who's going to make those decisions?

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Speaker 2: First of all? You, I guess yeah, And gosh, who's

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Speaker 2: going to end up really benefiting from the power to

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Speaker 2: make those decisions? Golly, I can't even guess.

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Speaker 4: And always my thing, nobody ever throws in personal choices,

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Speaker 4: decisions you've made.

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Speaker 2: Throughout your life for how you ended up where you were.

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Speaker 2: It's just you were born in the right town and

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Speaker 2: your parents were this or that.

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Speaker 4: My parents weren't rich, by the way, But whatever Evan

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Speaker 4: Jews have, nobody gives you any credit or discredit for

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Speaker 4: life choices.

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Speaker 2: Right, And we talked about how, as laid out so

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Speaker 2: beautifully by Thomas Sowell in his book A Conflict of Visions,

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Speaker 2: you got what he calls the constrained vision of mankind,

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Speaker 2: which is essentially more conservative. It relies heavily on the

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Speaker 2: belief that human nature is essentially unchanging and that man

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Speaker 2: is naturally inherently self interested, regardless of the best intentions.

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Speaker 2: And those with a constrained vision prefer these systematic processes

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Speaker 2: of the rule of law and the experience of tradition

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Speaker 2: compromises essential because they're no ideal solutions, only trade offs.

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Speaker 2: On the other hand, the unconstrained or progressive ezraclined point

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Speaker 2: of view, it relies heavily on the belief that human

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Speaker 2: nature is essentially good. Those with unconstrained visions distrust decentralized

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Speaker 2: processes like the free market and are impatient with large

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Speaker 2: institutions and systemic processes that constrain human action. They believe

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Speaker 2: there is an ideal solution to every problem and that

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Speaker 2: compromises never acceptable. Collateral damage is merely the price of

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Speaker 2: moving forward on the road to perfection, and the best part.

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Speaker 2: Saul often refers to them as the self anointed. Ultimately,

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Speaker 2: they believe that man is morally perfectible, and because of this,

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Speaker 2: they believe that there exists some people who are further

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Speaker 2: along the path of moral development and have overcome self

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Speaker 2: interest that's what Asraclined would tell you, and are immune

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Speaker 2: to the influence of power and therefore can act as

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Speaker 2: surrogate decision makers for the rest of us, which is

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Speaker 2: I can't decide whether to vomit or guffaw.

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Speaker 4: Yeah, yeah, that's hilarious that notion. So yeah, I'd buy

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Speaker 4: the view that even if I agree one hundred percent

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Speaker 4: that successful people didn't earn that. It's just you know, circumstances.

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Speaker 4: I don't believe at all that the government could have

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Speaker 4: a role in trying to fix that.

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Speaker 2: Situation right right now. If somebody is blind or different thing, yeah,

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Speaker 2: developmentally disabled, autistic, whatever, that's an entirely different question. So

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Speaker 2: we got a couple of interesting reactions via email mail

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Speaker 2: bag at Armstrong you getdy dot com. Is the email

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Speaker 2: addressed if you ever want to react to anything, keep

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Speaker 2: it short if you can. But Dan, who says he

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Speaker 2: signs off your backyard, California, get the hell out of

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Speaker 2: my backyard, Dan, You'll be shot all right. Wow. Anyway,

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Speaker 2: he's had mentioned earlier if you read one of my

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Speaker 2: emails in your life, this is the one I want

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Speaker 2: you to be aware. Okay, Ezra didn't say it out right,

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Speaker 2: but he's addressing your point about people's life decisions. When

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Speaker 2: he says life is unfair. Here's the scary, crazy point.

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Speaker 2: He's not saying out loud because it would make him

433
00:22:59,600 --> 00:23:02,520
Speaker 2: sound like a lunatic. He does not believe in free will.

434
00:23:02,560 --> 00:23:04,720
Speaker 2: Trust me. My brother and his girlfriend are liberal and

435
00:23:04,800 --> 00:23:07,639
Speaker 2: highly educated, and when having a friendly political debate with me,

436
00:23:07,880 --> 00:23:10,760
Speaker 2: they spat out Ezra's crazy worldview almost word for word.

437
00:23:11,119 --> 00:23:13,000
Speaker 2: And when I brought up your point that everyone makes

438
00:23:13,040 --> 00:23:16,399
Speaker 2: decisions in life greatly affects their outcomes, they defended their

439
00:23:16,440 --> 00:23:20,040
Speaker 2: position with this. There's a crazy, almost Marxist ideology going

440
00:23:20,040 --> 00:23:22,600
Speaker 2: around with progressives right now that we did not make

441
00:23:22,640 --> 00:23:25,560
Speaker 2: our own decisions, it was all predetermined or destined. I've

442
00:23:25,600 --> 00:23:27,679
Speaker 2: never heard this. This is I'm glad this is being

443
00:23:27,680 --> 00:23:30,600
Speaker 2: brought to my attention. I have heard mostly people of

444
00:23:30,640 --> 00:23:33,040
Speaker 2: a progressive bent, saying there is no free will. It's

445
00:23:33,040 --> 00:23:36,480
Speaker 2: an illusion because we are are genetic selves and it's

446
00:23:36,520 --> 00:23:39,440
Speaker 2: all okay, So what am I supposed to do with that? Well,

447
00:23:40,440 --> 00:23:43,199
Speaker 2: well exactly, Yeah, you've bottom lined it for me. So

448
00:23:43,359 --> 00:23:48,040
Speaker 2: I guess my genetics were be young, impulsive and not

449
00:23:48,160 --> 00:23:50,600
Speaker 2: a big fan of rules and make a series of

450
00:23:50,640 --> 00:23:53,639
Speaker 2: bad decisions from which I had learned and then started

451
00:23:53,680 --> 00:23:57,120
Speaker 2: to make much better decisions. But that was all predetermined,

452
00:23:57,200 --> 00:24:01,159
Speaker 2: I guess anyway. Oh ba ba bah. All they straight

453
00:24:01,240 --> 00:24:04,399
Speaker 2: up said to me, I get just got lucky, and

454
00:24:04,440 --> 00:24:06,359
Speaker 2: that every so called decision I made in my life

455
00:24:06,400 --> 00:24:08,920
Speaker 2: was predetermined. If you think about it for a little bit,

456
00:24:08,920 --> 00:24:12,040
Speaker 2: you'll realize how sick and horrible. This ideology is. Imagine,

457
00:24:12,080 --> 00:24:14,280
Speaker 2: they're able to convince more and more people that quote,

458
00:24:14,280 --> 00:24:16,359
Speaker 2: you don't need to feel guilty about your decisions, you

459
00:24:16,359 --> 00:24:18,520
Speaker 2: don't need to try to make good decisions because it

460
00:24:18,560 --> 00:24:20,960
Speaker 2: was always going to happen this way. Then maybe I

461
00:24:20,960 --> 00:24:23,399
Speaker 2: would shut down my business right now, because that's not

462
00:24:23,480 --> 00:24:25,399
Speaker 2: actually a decision. It was always going to be happening.

463
00:24:25,440 --> 00:24:26,399
Speaker 2: It always going to happen.

464
00:24:26,760 --> 00:24:28,680
Speaker 4: I assume many of us have had this free will

465
00:24:28,760 --> 00:24:32,280
Speaker 4: discussion or heard it or whatever. But I mean, like today,

466
00:24:33,119 --> 00:24:35,359
Speaker 4: I'm either going to decide to stick to my diet

467
00:24:35,720 --> 00:24:37,400
Speaker 4: or I'm going to say, screw it, need a bunch

468
00:24:37,400 --> 00:24:41,480
Speaker 4: of donuts. And you're telling me that's predetermined. I'm not okay,

469
00:24:41,520 --> 00:24:44,359
Speaker 4: you have no say if your eyes open. Is this

470
00:24:44,480 --> 00:24:47,080
Speaker 4: sick philosophy spreads more and more amongst young people. I'm

471
00:24:47,080 --> 00:24:49,200
Speaker 4: thirty six, my brother's thirty eight, so we're not even

472
00:24:49,240 --> 00:24:53,159
Speaker 4: the young generation that it's susceptible to this crazy the ideology,

473
00:24:53,160 --> 00:24:54,160
Speaker 4: but it's spreading all right.

474
00:24:54,480 --> 00:24:56,480
Speaker 2: Then we got this from a frequent correspondent.

475
00:24:56,560 --> 00:25:00,679
Speaker 4: Obviously that's fantastic if you're on the Ezra Klein's of things,

476
00:25:00,760 --> 00:25:05,160
Speaker 4: because then that gives you the go ahead to have

477
00:25:05,440 --> 00:25:08,800
Speaker 4: the tremendous government and intervention to try to even things out.

478
00:25:08,840 --> 00:25:12,040
Speaker 4: Because nobody is responsible for their success or their lack

479
00:25:12,080 --> 00:25:15,320
Speaker 4: of success, the redistribution only makes sense.

480
00:25:15,800 --> 00:25:18,400
Speaker 2: And while the Ezra clients of the world are exercising

481
00:25:18,440 --> 00:25:24,160
Speaker 2: the stunning, unimaginable power of making everything equal by manipulating everything,

482
00:25:24,520 --> 00:25:28,360
Speaker 2: they'll also carve off a certain percent for themselves. Happens

483
00:25:28,440 --> 00:25:33,320
Speaker 2: every single Timetris says, I.

484
00:25:33,440 --> 00:25:36,160
Speaker 4: He's a richest person in Venezuela. You Goo Chevez's daughter.

485
00:25:36,760 --> 00:25:39,320
Speaker 4: H imagine that anyway I want.

486
00:25:39,119 --> 00:25:42,680
Speaker 2: Too, so JT and livermore right, say, Ezra's worldview about

487
00:25:42,720 --> 00:25:45,560
Speaker 2: progressives is total horse spit. He really cares about how

488
00:25:45,600 --> 00:25:47,800
Speaker 2: unequal different people's lives are. He should ask himself why

489
00:25:47,800 --> 00:25:49,800
Speaker 2: he doesn't give away all his money and wealth and

490
00:25:49,840 --> 00:25:53,399
Speaker 2: possessions that exceeded eighty three hundred and sixty dollars. The

491
00:25:53,480 --> 00:25:55,960
Speaker 2: median American net worth is one hundred and ninety two

492
00:25:55,960 --> 00:25:58,960
Speaker 2: thousand dollars. The median human net worth is eighty three

493
00:25:59,040 --> 00:26:01,639
Speaker 2: hundred dollars. I say, those bleeding heart liberals need to

494
00:26:01,720 --> 00:26:04,040
Speaker 2: first put their own money where their mouth is. Start

495
00:26:04,040 --> 00:26:06,000
Speaker 2: by example, you're in the upper half of people in

496
00:26:06,040 --> 00:26:08,119
Speaker 2: the world that have more than median value, and so

497
00:26:08,160 --> 00:26:10,040
Speaker 2: you should give all the rest to the un to

498
00:26:10,119 --> 00:26:12,359
Speaker 2: distribute to those who have less than you. It is

499
00:26:12,560 --> 00:26:16,359
Speaker 2: the exact same horse spit virtue signaling that rich liberals

500
00:26:16,400 --> 00:26:19,000
Speaker 2: are always spouting but failing to lead by example respect

501
00:26:19,080 --> 00:26:22,160
Speaker 2: to tax rates. Nothing is keeping Bill Gates or Warren

502
00:26:22,200 --> 00:26:25,840
Speaker 2: Buffett or Nancy pelosire Bernard Sanders from writing a big

503
00:26:25,920 --> 00:26:28,280
Speaker 2: fat check to the US Treasury to cover their proposed

504
00:26:28,480 --> 00:26:30,800
Speaker 2: wealth tax, or a big fat check equal to the

505
00:26:30,880 --> 00:26:33,639
Speaker 2: higher tax rate that they think is fair for somebody

506
00:26:33,640 --> 00:26:36,280
Speaker 2: of their wealth or income. But the next time I

507
00:26:36,320 --> 00:26:38,359
Speaker 2: hear about a wealthy liberal writing an extra check to

508
00:26:38,400 --> 00:26:40,520
Speaker 2: the US Treasury and support of their stated belief that

509
00:26:40,560 --> 00:26:43,080
Speaker 2: the wealthy should pay more in taxes, it will be

510
00:26:43,119 --> 00:26:46,639
Speaker 2: the first time. Yeah, hey, Isra do you fly first class?

511
00:26:46,680 --> 00:26:47,359
Speaker 2: I'm guessing you do.

512
00:26:48,119 --> 00:26:49,879
Speaker 4: Why don't you fly coach and give that money to

513
00:26:49,960 --> 00:26:52,480
Speaker 4: that guy sitting out tried the airport begging for money.

514
00:26:52,600 --> 00:26:54,679
Speaker 2: I mean you didn't deserve it. He didn't deserve it.

515
00:26:55,359 --> 00:26:57,800
Speaker 2: And finally, listening to as their speak, it sounded exactly

516
00:26:57,840 --> 00:27:01,960
Speaker 2: like the Marxists taking equity, talking equity and that equity

517
00:27:02,040 --> 00:27:04,480
Speaker 2: is just the latest iteration of something that's stuck to

518
00:27:04,520 --> 00:27:06,480
Speaker 2: the wall. They don't believe any of what they say.

519
00:27:06,640 --> 00:27:09,080
Speaker 2: It's just the latest method they can think to justify

520
00:27:09,119 --> 00:27:11,800
Speaker 2: their side. I would say that's true, JT. It brings

521
00:27:11,840 --> 00:27:13,919
Speaker 2: us back to a discussion Jack and I always have.

522
00:27:16,160 --> 00:27:18,479
Speaker 2: Are the people we're talking about, the activists who know

523
00:27:18,520 --> 00:27:22,440
Speaker 2: precisely what they're doing, or they're at least driving the train,

524
00:27:22,880 --> 00:27:26,000
Speaker 2: or are they the nice, dopey people who hear that

525
00:27:26,160 --> 00:27:29,920
Speaker 2: moral argument about No, Those people aren't like, don't make

526
00:27:29,960 --> 00:27:32,720
Speaker 2: bad decisions, or their culture doesn't reward learning or whatever.

527
00:27:32,920 --> 00:27:35,639
Speaker 2: They've just been unlucky and they think to be a

528
00:27:35,640 --> 00:27:37,639
Speaker 2: good person. I need to adhere to that point of view.

529
00:27:37,800 --> 00:27:40,440
Speaker 4: I know smart people, really smart people smarter than me.

530
00:27:40,520 --> 00:27:42,919
Speaker 4: People that believe what you just said, actually believe it.

531
00:27:43,760 --> 00:27:46,639
Speaker 2: Uh, proving once again intelligence is not wisdom.

532
00:27:46,720 --> 00:27:48,240
Speaker 4: It's hard for me to wrap my head around. And

533
00:27:48,240 --> 00:27:51,600
Speaker 4: then there's the whole cultural thing of if you believe

534
00:27:51,600 --> 00:27:54,879
Speaker 4: in decisions that will you believe you make decisions that

535
00:27:54,880 --> 00:27:56,720
Speaker 4: they aren't preordained the.

536
00:27:56,640 --> 00:27:57,720
Speaker 2: Way it affects culture.

537
00:27:57,800 --> 00:27:59,960
Speaker 4: You know, I'm raising my kids, you raise your kid

538
00:28:00,040 --> 00:28:02,159
Speaker 4: I'm sure in a certain way, because you've looked at

539
00:28:02,160 --> 00:28:05,520
Speaker 4: the outcome of other families who did certain things, and

540
00:28:05,560 --> 00:28:08,480
Speaker 4: you want your kids to have a better outcome. So

541
00:28:08,560 --> 00:28:10,760
Speaker 4: you know, and I tell my kids all the time,

542
00:28:10,800 --> 00:28:13,200
Speaker 4: people that do this end up with this, People that

543
00:28:13,320 --> 00:28:17,040
Speaker 4: do this end up with this, And so you get

544
00:28:17,040 --> 00:28:21,200
Speaker 4: a better result from society when people are observing these decisions.

545
00:28:21,400 --> 00:28:24,159
Speaker 2: Yeah, in a hundred different ways, including much less crime,

546
00:28:24,280 --> 00:28:27,680
Speaker 2: for instance. Yeah, that's wild.

547
00:28:28,920 --> 00:28:31,680
Speaker 4: Is this a new thing? I mean, I know it's

548
00:28:31,720 --> 00:28:37,240
Speaker 4: not entirely new, It's been around since the beginning of philosophy,

549
00:28:37,520 --> 00:28:40,280
Speaker 4: But is this a new thing among the American left

550
00:28:40,480 --> 00:28:43,920
Speaker 4: to talk about these are preordained decisions?

551
00:28:44,800 --> 00:28:48,320
Speaker 2: I think it's a new version of that argument that

552
00:28:48,680 --> 00:28:54,640
Speaker 2: the really interesting thing that nobody ever talks about is

553
00:28:54,680 --> 00:28:59,680
Speaker 2: that if you had that point of view prior to

554
00:29:00,200 --> 00:29:04,960
Speaker 2: DR's presidency, you would die of starvation, right, going back

555
00:29:05,000 --> 00:29:08,400
Speaker 2: to the dawn of effing man. Sorry, folks, I'm adamant

556
00:29:08,440 --> 00:29:12,040
Speaker 2: about this stuff. It's only because the modern welfare state

557
00:29:12,080 --> 00:29:15,440
Speaker 2: that you can indulge yourself in. Think this crap, right,

558
00:29:15,560 --> 00:29:18,480
Speaker 2: it's only eighty years old. You know. The lefties they

559
00:29:18,520 --> 00:29:22,080
Speaker 2: love to talk about like our native peoples, the Native tribes.

560
00:29:22,520 --> 00:29:26,880
Speaker 2: They shared equally. They shared the game that they caught,

561
00:29:26,920 --> 00:29:30,120
Speaker 2: and the fish and the food and the labor they shared.

562
00:29:30,520 --> 00:29:33,920
Speaker 2: And because they were nomads, they didn't particularly accumulate material

563
00:29:33,960 --> 00:29:36,600
Speaker 2: goods either, which is probably good. But anyway, what they

564
00:29:36,680 --> 00:29:42,320
Speaker 2: always leave out is that if you didn't contribute equally,

565
00:29:42,960 --> 00:29:45,400
Speaker 2: you were killed or left to starve.

566
00:29:45,600 --> 00:29:47,760
Speaker 4: Yeah, the idea that you could decide, you know what,

567
00:29:47,880 --> 00:29:50,320
Speaker 4: I'm just gonna drink firewater and sit under this shade

568
00:29:50,320 --> 00:29:52,560
Speaker 4: tree all day long because that's all predetermined.

569
00:29:52,600 --> 00:29:55,680
Speaker 2: I'm just less lucky than you, chief, and they'll share

570
00:29:55,720 --> 00:30:02,800
Speaker 2: equally with you. As hilarious. It's absolutely laughable. The crazy

571
00:30:02,840 --> 00:30:06,480
Speaker 2: ass ideas that people grasp. To quote Thomas Soul again,

572
00:30:06,720 --> 00:30:11,160
Speaker 2: there's some ideas so idiotic only an intellectual could have them.

573
00:30:11,640 --> 00:30:14,880
Speaker 4: I had this same belief when I was poor, by

574
00:30:14,920 --> 00:30:16,560
Speaker 4: the way, I really did.

575
00:30:16,720 --> 00:30:20,800
Speaker 2: Oh yeah, yeah. I remember hearing about the progressive income

576
00:30:20,880 --> 00:30:24,200
Speaker 2: tax rates in high school as a kid wearing hand

577
00:30:24,280 --> 00:30:27,960
Speaker 2: me down clothes. I thought, everybody pays ten percent, so

578
00:30:28,040 --> 00:30:30,120
Speaker 2: of course people will make more money, pay more. That's

579
00:30:30,120 --> 00:30:33,360
Speaker 2: what a percentage is. But no, my teacher explained to me, no, no, no, no,

580
00:30:33,240 --> 00:30:37,000
Speaker 2: no no. The quote unquote wealthy, the rich whatever, they

581
00:30:37,040 --> 00:30:39,960
Speaker 2: pay a much higher percentage, And sitting there in my

582
00:30:40,080 --> 00:30:46,000
Speaker 2: handme down clothes, I thought that's wrong. Well, so that

583
00:30:46,080 --> 00:30:46,720
Speaker 2: ain't going away.

584
00:30:46,720 --> 00:30:51,400
Speaker 4: But yeah, the whole idea of if you're successful, you

585
00:30:51,480 --> 00:30:54,560
Speaker 4: didn't you don't get any credit for that is just

586
00:30:54,600 --> 00:30:56,480
Speaker 4: a good way to destroy society.

587
00:30:56,760 --> 00:30:58,840
Speaker 2: Yeah. Wow, that's horrifying.

588
00:30:59,080 --> 00:31:01,240
Speaker 4: You can comment on that line four one, five two

589
00:31:01,320 --> 00:31:07,280
Speaker 4: nine five Kftcara, are you terrified?

590
00:31:07,320 --> 00:31:09,440
Speaker 2: Ied? Is it terrifying?

591
00:31:11,240 --> 00:31:15,240
Speaker 4: We've got some uh tariff uh of a way to

592
00:31:15,280 --> 00:31:16,920
Speaker 4: look at the whole thing in just a second. It's

593
00:31:16,960 --> 00:31:20,280
Speaker 4: the no good, horrible terrifule day. More on that to

594
00:31:20,320 --> 00:31:21,160
Speaker 4: come stay with us.

595
00:31:21,160 --> 00:31:24,200
Speaker 2: Plus, one of our favorite clips of twenty twenty four

596
00:31:24,320 --> 00:31:27,800
Speaker 2: has at long last been turned into a most song,

597
00:31:28,480 --> 00:31:31,000
Speaker 2: a remix of some sorts so well we needed. It's

598
00:31:31,080 --> 00:31:33,160
Speaker 2: ridiculous but kind of funny, So stay with us for that.

599
00:31:33,360 --> 00:31:35,280
Speaker 2: Just to follow up to our previous discussion that I

600
00:31:35,320 --> 00:31:38,520
Speaker 2: swear I will shut up about all this and if

601
00:31:38,560 --> 00:31:41,040
Speaker 2: you didn't hear it, grab the podcast Armstrong Getdy on demand.

602
00:31:41,040 --> 00:31:43,760
Speaker 2: We were talking about the progressive worldview and how you

603
00:31:43,800 --> 00:31:46,280
Speaker 2: didn't build that and it's all luck and blah, blah blah,

604
00:31:46,320 --> 00:31:50,040
Speaker 2: the other unholy side of that coin. During the break,

605
00:31:50,080 --> 00:31:52,640
Speaker 2: we were talking about a horrific shooting in a pharmacy

606
00:31:53,160 --> 00:31:56,600
Speaker 2: or a disgruntled guy killed some poor pharmacy worker who's

607
00:31:56,680 --> 00:31:59,959
Speaker 2: just there to make a living job. They probably didn't love,

608
00:32:00,160 --> 00:32:02,800
Speaker 2: as Jack said, and they might hate big farm as

609
00:32:02,880 --> 00:32:09,080
Speaker 2: much as you. Exactly. That guy believed his crappy life

610
00:32:09,600 --> 00:32:12,160
Speaker 2: was not his fault, right, and that he was a

611
00:32:12,280 --> 00:32:16,680
Speaker 2: victim of people and forces that control him. That is

612
00:32:16,720 --> 00:32:19,840
Speaker 2: the other side of that philosophy. You want to know

613
00:32:20,120 --> 00:32:23,760
Speaker 2: why there are school shooters now and there never were before,

614
00:32:23,960 --> 00:32:26,200
Speaker 2: including when every kid had a rifle in his gun

615
00:32:26,280 --> 00:32:28,920
Speaker 2: rack in his pickup truck at school in the country.

616
00:32:28,960 --> 00:32:33,200
Speaker 2: At least, it's because of that change in the culture.

617
00:32:32,960 --> 00:32:36,160
Speaker 2: There might not be a more corrosive and horrifying philosophy

618
00:32:36,400 --> 00:32:39,560
Speaker 2: on earth than You're not responsible for you.

619
00:32:39,680 --> 00:32:42,040
Speaker 4: Yeah, it should be considered child abuse to teach your

620
00:32:42,120 --> 00:32:45,440
Speaker 4: kid that failure is not your fault.

621
00:32:45,840 --> 00:32:48,880
Speaker 2: End of rant. Oh, that is troubling anyway.

622
00:32:49,120 --> 00:32:51,320
Speaker 4: So it is the whole tariff thing today. This is

623
00:32:51,320 --> 00:32:53,560
Speaker 4: worth talking about a lot because it's a huge, huge

624
00:32:53,600 --> 00:32:55,680
Speaker 4: deal for the whole planet and how it works out.

625
00:32:55,720 --> 00:32:56,960
Speaker 2: We don't know. Nobody knows.

626
00:32:57,440 --> 00:33:00,280
Speaker 4: Trump has been He's had a theory on this his

627
00:33:00,360 --> 00:33:02,280
Speaker 4: whole life, and we'll see how it turns out.

628
00:33:02,280 --> 00:33:02,600
Speaker 2: Anyway.

629
00:33:02,640 --> 00:33:06,400
Speaker 4: Here's Howard Lutnik, who's one of Trump's big financial advisors,

630
00:33:07,320 --> 00:33:08,680
Speaker 4: being interviewed about it today.

631
00:33:09,160 --> 00:33:10,960
Speaker 3: If the market here in the US opens at nine

632
00:33:11,000 --> 00:33:13,800
Speaker 3: am and things head south, is there a.

633
00:33:13,760 --> 00:33:16,360
Speaker 2: Red line for you pulling back and saying, Okay, hold on,

634
00:33:16,440 --> 00:33:18,880
Speaker 2: we're going to rethink things. No, you know, I mean,

635
00:33:18,960 --> 00:33:20,080
Speaker 2: come on the markets.

636
00:33:20,680 --> 00:33:22,880
Speaker 5: When Donald Trump was the president last time, he put

637
00:33:22,920 --> 00:33:25,280
Speaker 5: on tariffs, and if you go back and look at

638
00:33:25,280 --> 00:33:28,840
Speaker 5: that news, everybody said, oh my gosh, oh my gosh.

639
00:33:29,040 --> 00:33:31,200
Speaker 5: And the stock market, as you heard him say yesterday,

640
00:33:31,280 --> 00:33:35,280
Speaker 5: up eighty eight percent during his presidency. So what you've

641
00:33:35,280 --> 00:33:37,440
Speaker 5: got to realize is sure, there's going to be some

642
00:33:37,480 --> 00:33:41,520
Speaker 5: short term movement, but this is a reordering of global trade.

643
00:33:41,840 --> 00:33:45,720
Speaker 5: It's time for America to manufacture again. And I think

644
00:33:45,760 --> 00:33:51,080
Speaker 5: these changes in the stock market while their initial long term,

645
00:33:51,160 --> 00:33:54,680
Speaker 5: you've got to assume a medium term and employment based,

646
00:33:54,720 --> 00:33:58,240
Speaker 5: you're going to see America thrive. Interest rates are going

647
00:33:58,280 --> 00:34:00,960
Speaker 5: to come down, as we said, and America is going

648
00:34:01,000 --> 00:34:04,000
Speaker 5: to thrive. And that's what Donald Trump is about is

649
00:34:04,040 --> 00:34:08,000
Speaker 5: about employing Americans, building in America and having Americans be

650
00:34:08,160 --> 00:34:08,920
Speaker 5: the winners.

651
00:34:09,400 --> 00:34:10,920
Speaker 2: Yeah, that's why I started the show with.

652
00:34:10,960 --> 00:34:14,000
Speaker 4: In my opinion, any analysis of this that's going to

653
00:34:14,120 --> 00:34:19,000
Speaker 4: lean on what the stock market did today come on well.

654
00:34:18,880 --> 00:34:23,839
Speaker 2: Especially because the stock market is rife with speculation. It's

655
00:34:23,920 --> 00:34:28,520
Speaker 2: like the NFT craze. Nobody wanted a dumb ap yacht

656
00:34:28,680 --> 00:34:34,040
Speaker 2: society or whatever it was NFT. It was pure speculation,

657
00:34:34,320 --> 00:34:37,560
Speaker 2: and a lot of the stock market is too. Jd Vance.

658
00:34:37,560 --> 00:34:40,919
Speaker 2: I don't think we have time or do we have time? Yeah,

659
00:34:40,960 --> 00:34:42,480
Speaker 2: play fifty seven for us, Michael.

660
00:34:42,960 --> 00:34:46,120
Speaker 3: What I'd ask folks to appreciate here is that we

661
00:34:46,160 --> 00:34:49,040
Speaker 3: are not going to fix things overnight. Joe Biden left us.

662
00:34:49,160 --> 00:34:52,759
Speaker 3: This is not an exaggeration, lawrence. With the largest peacetime

663
00:34:52,800 --> 00:34:55,080
Speaker 3: debt and deficit in the history of the United States

664
00:34:55,120 --> 00:34:58,280
Speaker 3: of America, with sky high interest rates, you don't fix.

665
00:34:58,120 --> 00:35:00,719
Speaker 2: That stuff overnight. We know people are struggling.

666
00:35:00,760 --> 00:35:04,000
Speaker 3: We're fighting as quickly as we can to fix what

667
00:35:04,200 --> 00:35:06,920
Speaker 3: was left to us, but it's not going to happen immediately.

668
00:35:07,080 --> 00:35:09,000
Speaker 3: But we really do believe that if we pursue the

669
00:35:09,080 --> 00:35:13,719
Speaker 3: right deregulation we pursue those energy cost reducing policies. Yes,

670
00:35:13,840 --> 00:35:16,080
Speaker 3: people are going to see it in their pocketbook. They're

671
00:35:16,120 --> 00:35:18,760
Speaker 3: also going to benefit from the fact that foreign countries

672
00:35:18,960 --> 00:35:21,520
Speaker 3: can't take advantage of us anymore. That means their jobs

673
00:35:21,520 --> 00:35:22,480
Speaker 3: are going to be more secure.

674
00:35:23,920 --> 00:35:25,880
Speaker 2: If you're just tuning in, we've made the point a

675
00:35:25,920 --> 00:35:28,120
Speaker 2: couple of times and we'll dive back into it next hour.

676
00:35:28,320 --> 00:35:33,400
Speaker 2: That there hasn't been anything close to free trade going on.

677
00:35:34,600 --> 00:35:36,759
Speaker 2: The free traders are saying this is a trade war

678
00:35:36,800 --> 00:35:39,319
Speaker 2: Trump has started. The other countries around the world have

679
00:35:39,480 --> 00:35:42,400
Speaker 2: to either a greater or lesser extent, been tariffing the

680
00:35:42,440 --> 00:35:44,640
Speaker 2: hell out of American goods for the longest time. And

681
00:35:44,680 --> 00:35:46,160
Speaker 2: you know what, in the wake of World War Two,

682
00:35:46,160 --> 00:35:48,719
Speaker 2: when we stood astride the economy of the globe like

683
00:35:48,760 --> 00:35:51,680
Speaker 2: a colossus, I get that they needed help. We needed

684
00:35:51,680 --> 00:35:54,320
Speaker 2: to sell our stuff to someone. All right, exactly seventy

685
00:35:54,400 --> 00:35:57,360
Speaker 2: years down the line, now it is time for a

686
00:35:57,400 --> 00:36:01,200
Speaker 2: fundamental restructuring global trade. Will it work and how much

687
00:36:01,239 --> 00:36:03,960
Speaker 2: will it hurt? I don't know. I wish I did.

688
00:36:04,080 --> 00:36:05,520
Speaker 2: If I did, I would tell you we're not going

689
00:36:05,600 --> 00:36:09,600
Speaker 2: to find out in the first couple hours. No, there's

690
00:36:09,600 --> 00:36:12,080
Speaker 2: a new book out about the end of the Biden

691
00:36:12,160 --> 00:36:16,480
Speaker 2: presidency by a respected reporter, did an interview today. We

692
00:36:16,560 --> 00:36:20,520
Speaker 2: got some of the highlights on that coming up. Boy

693
00:36:20,560 --> 00:36:23,160
Speaker 2: Barack Obama did not think much of Kamala Harris as

694
00:36:23,239 --> 00:36:23,960
Speaker 2: one of the headlines

695
00:36:26,960 --> 00:36:28,120
Speaker 1: Armstrong and Getty