WEBVTT - It Helps Being Dumb

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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 Getty arm Strong

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<v Speaker 1>and Getty and he.

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<v Speaker 2>Armstrong and Yetty.

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<v Speaker 3>I think it's useful for all of us to step

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<v Speaker 3>back and ask us, ask ourselves, what has the globalist

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<v Speaker 3>economy gotten the United States of America? And the answer is, fundamentally,

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<v Speaker 3>it's based on two principles. Incurring a huge amount of

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<v Speaker 3>debt to buy things that other countries make for us,

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<v Speaker 3>and to make it a little bit more crystal clear,

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<v Speaker 3>we borrow money from Chinese peasants to buy the things

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<v Speaker 3>those Chinese peasants manufacturer. That is not a recipe for

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<v Speaker 3>economic prosperity. It's not a recipe for low prices, and

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<v Speaker 3>it's not a recipe for good jobs in the United

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<v Speaker 3>States of America.

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<v Speaker 2>Jadie Vance is very, very smart, smart enough to know

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<v Speaker 2>when being full of crap will sell. There's a fair

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<v Speaker 2>amount of what he says that's full of crap. Trade

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<v Speaker 2>imbalances don't really matter with individual countries. It just doesn't matter.

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<v Speaker 2>We're a gigantic market. We're always going to be buy

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<v Speaker 2>more than we sell to these little countries. It's okay

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<v Speaker 2>to have a trade inbalance, but how about the tariff imbalance?

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<v Speaker 4>Though I still somebody explained to me why it's okay

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<v Speaker 4>for Europe to tariff our stuff forty but if we

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<v Speaker 4>come close to terriffic back it's awful right that I'm

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<v Speaker 4>not saying it's not. I just don't understand why that

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<v Speaker 4>is the question.

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<v Speaker 2>Boiled down brilliantly by my partner, mister Armstrong. It helps

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<v Speaker 2>being dumb, well, it helps to get to the core

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<v Speaker 2>of the issue, as opposed to some of the more

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<v Speaker 2>fancy arguments that you're hearing. The Wall Street types will

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<v Speaker 2>make much, much, much, much more money over the next

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<v Speaker 2>two to eight years with the status quo than if

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<v Speaker 2>we change the status quo substantially and rejigger all the

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<v Speaker 2>tariffs and get into a quote unquote trade war, which

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<v Speaker 2>I don't actually think is going to happen, well two

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<v Speaker 2>to eight years.

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<v Speaker 4>As we all know, most of your Wall Street companies

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<v Speaker 4>are worried about this quarter.

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<v Speaker 2>Correct, Yeah, I'm thinking about two years. What is best

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<v Speaker 2>for the American worker the American economy in the short,

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<v Speaker 2>medium and long term is often very, very different than

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<v Speaker 2>what's great for Wall Street now. I'm not anti Wall Street.

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<v Speaker 2>I got a who bunch of money invested, trust me.

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<v Speaker 2>I'm counting on someday retiring from this dead end or

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<v Speaker 2>racket anyway. So you've got so many competing interests here

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<v Speaker 2>which often intersect. If you have a four to oh

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<v Speaker 2>one K, you don't want to see the market go

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<v Speaker 2>to hell, catch fire and sing into the ocean, of course. Not.

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<v Speaker 2>On the other hand, a situation in which, for instance,

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<v Speaker 2>are good pals in the European Union have been hitting

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<v Speaker 2>us with thirty nine percent tariffs on the stuff they

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<v Speaker 2>let in they won't in let in lobster and beef

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<v Speaker 2>and a couple other things at all. And now we're

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<v Speaker 2>jacking up our horrific tariff against Europe to twenty percent.

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<v Speaker 2>They're still at thirty nine percent on our goods. In

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<v Speaker 2>what sense is that starting a trade war? It's not.

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<v Speaker 2>It's reshaping the playing field in a way that makes

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<v Speaker 2>Wall Street and American corporations very nervous because they can't plan.

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<v Speaker 2>So they're yelling and saying this is a terrible mistake

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<v Speaker 2>because it will cost them. They are sincere, but they're

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<v Speaker 2>not sincere about all of it. If I would love

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<v Speaker 2>to see the five or so points of view on

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<v Speaker 2>this staunchly in favor of it, somewhat in favor of it,

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<v Speaker 2>kind of neutral, blah blah blah, all fed sodium pentathol

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<v Speaker 2>or a couple good stiff drinks make them honest about

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<v Speaker 2>why they're objecting in the way they're objecting.

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<v Speaker 4>Should I be concerned that Bernie and Elizabeth Warren and

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<v Speaker 4>AOC are silent on this topic because this tends to

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<v Speaker 4>be a lefty thing over the years of wanting to

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<v Speaker 4>get into tariffs. Yeah, well, I mean politically, you know

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<v Speaker 4>your bedfellows. My bedfellows seem to be Bernie Sanders and

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<v Speaker 4>Elizabeth Warren.

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<v Speaker 2>Yeah. Yeah, It's funny. Conservatism is evolving, and it's not

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<v Speaker 2>just toward quote unquote populism. I read a great, great

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<v Speaker 2>couple of sentences a while ago. I wish I'd had

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<v Speaker 2>a tattooed on my arm that the reason, one of

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<v Speaker 2>the reasons for the rise of Trump was that working

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<v Speaker 2>America had gotten nothing but condescension and judgment, no doubt

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<v Speaker 2>and dependency from the Democrats, and nothing but false promises

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<v Speaker 2>from conservatives. All those steel workers and car workers and

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<v Speaker 2>you know, washing machine workers and blah blah blah, who

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<v Speaker 2>are placed out of jobs because you can make it

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<v Speaker 2>cheaper in South Africa or Malaysia or wherever they got

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<v Speaker 2>false promises. Now, the rising tide did lift all boats

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<v Speaker 2>some but some boats much much, much more than others.

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<v Speaker 2>So now Trump comes along and says, no, We're going

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<v Speaker 2>to serve the American people, not the giant American corporations.

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<v Speaker 2>How does that contrast, by the way, with the whole

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<v Speaker 2>million ass a billion ass. Trump is half of the

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<v Speaker 2>billion as right.

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<v Speaker 4>Well, yeah, I was gonna mention The New York Times

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<v Speaker 4>today one of their side headlines around this, and this

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<v Speaker 4>is a giant story, this whole tariff thing.

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<v Speaker 2>Mean, this is enormous importance. You can't exaggerate how important

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<v Speaker 2>this is.

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<v Speaker 4>But one of their analysis pieces, Trump's tariff's our latest

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<v Speaker 4>sign of his second term appetite for risk. He is

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<v Speaker 4>not taking the soft, easy way to glide through four

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<v Speaker 4>years of being president and try to stay popular at all.

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<v Speaker 4>I mean, this is really laying it on the line.

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<v Speaker 4>Another angle of this whole tariff thing and restructuring the

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<v Speaker 4>global economy. I've heard this from a couple of places

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<v Speaker 4>which I've always been bothered by the concept of jobs

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<v Speaker 4>Americans won't do.

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<v Speaker 2>That just rubs me the wrong way.

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<v Speaker 4>For a variety of reasons, including the fact that I've

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<v Speaker 4>done a lot of really, really crappy jobs and I

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<v Speaker 4>never thought it was beneath me to do those jobs.

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<v Speaker 4>I you know, I structured my life in such a

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<v Speaker 4>way that I wouldn't have to keep doing those jobs.

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<v Speaker 2>Those jobs motivated everything I have become.

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<v Speaker 4>But the idea that we're too good for those jobs

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<v Speaker 4>just seems like a recipe. It's just, you know, I'm

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<v Speaker 4>a big fan of the French Revolution. It's got a

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<v Speaker 4>bit of a Louis the sixteenth culture to it. You know,

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<v Speaker 4>we don't have to do certain things, and you just

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<v Speaker 4>keep getting poorer and poorer.

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<v Speaker 2>And how big a fan of the French Revolution are you?

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<v Speaker 2>I mean, if I like descend, am I going to

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<v Speaker 2>get the you know, the old chopper rony whatever it takes? Okay?

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<v Speaker 4>But then this angle that I've heard a number of

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<v Speaker 4>times recently as I've listened to a ton of podcasts

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<v Speaker 4>on this. There's a piece in the Financial Times today

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<v Speaker 4>by this guy, Michael Strain. We should not be wishing

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<v Speaker 4>for American workers to return to the days of sewing

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<v Speaker 4>tennis shoes together in factories. So like if you got

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<v Speaker 4>Nike to come to the United States or Converse came

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<v Speaker 4>back to the United States like they had been, that

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<v Speaker 4>that would be a horror because you'd have Americans sewing

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<v Speaker 4>shoes and factories.

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<v Speaker 2>No, no, Americans should be in cubicles typing into computers

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<v Speaker 2>for that wages. That is what God has ordained. Yes,

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<v Speaker 2>that's that point of view, which I find very odd.

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<v Speaker 4>And if Converse through through the restructuring of the world,

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<v Speaker 4>Converse decides they need to be back in the United States, well,

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<v Speaker 4>they're going to have to pay workers whatever they got

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<v Speaker 4>to pay them to get them to show up, which

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<v Speaker 4>is the way it is with the fast food industry

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<v Speaker 4>and your cubical job and everything else. I just I

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<v Speaker 4>don't understand the horror there. And again getting back to

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<v Speaker 4>the reciprocal terrif idea. As you look at the chart,

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<v Speaker 4>and we'll post an easy link to find at armstrong

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<v Speaker 4>e geddy dot com if you want to look at

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<v Speaker 4>what the other countries around the world are charging us

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<v Speaker 4>in tariffs and what these new discounted reciprocal tariffs are

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<v Speaker 4>going to be on their goods.

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<v Speaker 2>You'll see a that is very reasonable. And b that's

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<v Speaker 2>not the end point. What the end point is gonna be.

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<v Speaker 2>And it might be in like a week or two,

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<v Speaker 2>or it might be in a six months. There might

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<v Speaker 2>be in a year or two years. I don't know.

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<v Speaker 2>This is a a passing through point on the way

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<v Speaker 2>to the post post World War two trade uh norms.

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<v Speaker 2>In my opinion, here's what the Wall Street Journal said.

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<v Speaker 2>Their panties are like in a wad, then bronzed, encased

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<v Speaker 2>in amber, and coated with steel. It's the most wadded

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<v Speaker 2>panties in the history. End Well, it's the what do

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<v Speaker 2>you call It's a wedgie. It's the atomic wedgie. You

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<v Speaker 2>pull a clip over their head. Yes, forbidden by the

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<v Speaker 2>Geneva Convention. President Trump unveiled his new Liberation Day tariffs

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<v Speaker 2>on Wednesday, and they are another large step toward a

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<v Speaker 2>new old era of trade protectionism. Assuming the policy sticks,

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<v Speaker 2>and we hope it doesn't, the effort amounts to an

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<v Speaker 2>attempt to remake the US economy in the world trade

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<v Speaker 2>trading system. All details aren't clear as we write this,

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<v Speaker 2>but mister Trump's tariffs look reciprocal in name only. First,

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<v Speaker 2>he's hitting every nation in the world with a ten

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<v Speaker 2>percent baseline tariff to sell in the US market for

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<v Speaker 2>those he calls bad actors. He's adding up the tariff

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<v Speaker 2>rates on US goods plus an arbitrary estimate of the

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<v Speaker 2>cost of its currency manipulation and non tariff barriers. I

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<v Speaker 2>don't think it's entirely arbitrary. But he then takes the

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<v Speaker 2>total number and applies half that in tariffs on the

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<v Speaker 2>country's exports to the US. So if they charge us

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<v Speaker 2>forty nine percent, we charge them twenty four percent. That

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<v Speaker 2>doesn't seem that insane. Then they go into some of

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<v Speaker 2>the details not worth sharing because we've done it. He're

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<v Speaker 2>the main point new economic Oh, let's consider some of

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<v Speaker 2>the consequences already emerging in this new protectionist stage. And

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<v Speaker 2>again I question whether charging them half of what they

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<v Speaker 2>charge us is quote unquote protectionist. New economic risks and uncertainty.

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<v Speaker 2>The overall economic impact mister Trump's tariff barrage is unknowable,

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<v Speaker 2>not least because we don't know how countries will react.

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<v Speaker 2>Could be widespread retaliation, there won't be. I don't think

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<v Speaker 2>there will be. There will certainly be higher costs for

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<v Speaker 2>American consumers and businesses. Tariffs are taxes, and when you

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<v Speaker 2>tax something, you get less of it. Tariffs are taxes.

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<v Speaker 2>They are one hundred percent taxes. That is correct on imports,

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<v Speaker 2>so we will get fewer imports until the tariff rates

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<v Speaker 2>adjust again, and then we get more exports. Theoretically, car

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<v Speaker 2>prices will rise by thousands of dollars, including those made

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<v Speaker 2>in America. That's correct. Mister Trump is making deliberate decision

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<v Speaker 2>to transfer wealth from consumers to businesses and workers protected

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<v Speaker 2>from competition behind high tariff walls. Over All this, over time,

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<v Speaker 2>this will mean the gradual erosion of US competitiveness. It

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<v Speaker 2>will harm American exports. One long term US trade goals

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<v Speaker 2>to expand markets for American goods and services. Mister Trump's

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<v Speaker 2>unilateral tariffs blow up those arrangements and invite retaliation. In

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<v Speaker 2>what sense are they unilateral? I honestly, and if I'm

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<v Speaker 2>missing something significant, please drop us an email mail bag

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<v Speaker 2>at Armstrong in getty dot com. I would much rather

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<v Speaker 2>be corrected and eat crow than to be bellowing something

0:11:19.720 --> 0:11:22.800
<v Speaker 2>that is wrong on the air, So feel free mail

0:11:22.800 --> 0:11:24.840
<v Speaker 2>bag at Armstrong and getty dot com, or if you'd

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<v Speaker 2>prefer to text four one five, two nine five kftc

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<v Speaker 2>uh he makes the Wall Street Journal makes a couple

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<v Speaker 2>other broad points, and I'll just hit those very quickly

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0:12:28.559 --> 0:12:32.920
<v Speaker 2>you get it automatically. Prize picks. Run your game, all right.

0:12:32.960 --> 0:12:35.800
<v Speaker 2>Here are the other main points this and some of

0:12:35.840 --> 0:12:40.160
<v Speaker 2>this is persuasive. Like I said before, this is complicated stuff.

0:12:40.240 --> 0:12:43.360
<v Speaker 2>And there are some some harms absolutely that this will

0:12:43.400 --> 0:12:45.520
<v Speaker 2>cause that will be disruptive, at least in the short term.

0:12:46.080 --> 0:12:50.120
<v Speaker 2>A bigger Washington Swamp tariffs impose costs that businesses will

0:12:50.120 --> 0:12:53.160
<v Speaker 2>want to avoid. This. Thus this will be a windfall

0:12:53.480 --> 0:12:56.719
<v Speaker 2>for Beltwait lobbyists as companies can country seek exemptions from

0:12:56.720 --> 0:12:59.120
<v Speaker 2>this or that border tax. Trump says there will be

0:12:59.160 --> 0:13:02.199
<v Speaker 2>no tariff exemption, but watch that promise vanish as politicians,

0:13:02.240 --> 0:13:04.880
<v Speaker 2>including mister Trump, see exemptions as a way to leverage

0:13:04.880 --> 0:13:09.080
<v Speaker 2>campaign contributions from business. Liberation Day is by another yacht

0:13:09.160 --> 0:13:12.240
<v Speaker 2>day for the swamp woof, and it will be the

0:13:12.360 --> 0:13:18.400
<v Speaker 2>end of US economic leadership. The share of global GDP

0:13:18.480 --> 0:13:20.720
<v Speaker 2>has been stable at about twenty five percent for decades,

0:13:20.760 --> 0:13:23.880
<v Speaker 2>even as industries rise and fall. That era is now

0:13:23.960 --> 0:13:26.720
<v Speaker 2>ending as mister Trump adopts a more mercantile vision of

0:13:26.760 --> 0:13:29.240
<v Speaker 2>trade in US self interest. Don't bother you look it

0:13:29.320 --> 0:13:31.160
<v Speaker 2>up if you want. The result is likely to be

0:13:31.320 --> 0:13:33.960
<v Speaker 2>every nation for itself, as countries seek to carve up

0:13:33.960 --> 0:13:37.959
<v Speaker 2>global markets based not on market efficiency but for political advantage.

0:13:38.120 --> 0:13:40.439
<v Speaker 2>In the worst case, the world trading system could evolve

0:13:40.760 --> 0:13:44.440
<v Speaker 2>into a beggar thy neighbor policy as in the nineteen thirties.

0:13:45.040 --> 0:13:47.360
<v Speaker 2>And they say this will also be a major opportunity

0:13:47.360 --> 0:13:48.640
<v Speaker 2>for China. You know, I'm going to use that as

0:13:48.640 --> 0:13:50.080
<v Speaker 2>a measuring stick over the years.

0:13:50.280 --> 0:13:52.560
<v Speaker 4>You're right, it's been We have been about a quarter

0:13:52.720 --> 0:13:56.600
<v Speaker 4>of the world's GDP for quite a while. Now, where

0:13:56.640 --> 0:13:58.880
<v Speaker 4>will we be five years from now, ten years from now?

0:14:00.000 --> 0:14:01.200
<v Speaker 4>An interesting way to look at it.

0:14:02.920 --> 0:14:05.559
<v Speaker 2>Yeah, we need to take a break, but there's more

0:14:05.600 --> 0:14:06.960
<v Speaker 2>to be said, and we will say it, and you

0:14:07.000 --> 0:14:07.840
<v Speaker 2>can take your input.

0:14:07.920 --> 0:14:11.400
<v Speaker 4>Yeah, you're your input at text line four one KFTC.

0:14:15.120 --> 0:14:18.920
<v Speaker 2>Corey Booker just delivered the longest speech in Senate history

0:14:19.080 --> 0:14:21.440
<v Speaker 2>at twenty five hours and five minutes.

0:14:21.840 --> 0:14:24.200
<v Speaker 5>Check out the other historically long speeches that knocked off

0:14:24.200 --> 0:14:24.880
<v Speaker 5>the top of the list.

0:14:25.280 --> 0:14:28.360
<v Speaker 6>Senator Strom Thurmond in nineteen fifty seven, your dad after

0:14:28.400 --> 0:14:30.720
<v Speaker 6>he found weed in your sock drawer. Your coworker telling

0:14:30.720 --> 0:14:33.000
<v Speaker 6>you about a dream they had last night. Adrian Brody

0:14:33.040 --> 0:14:35.880
<v Speaker 6>accepting the Oscar for Best Actor. Every group of bridesmaids

0:14:35.920 --> 0:14:37.720
<v Speaker 6>whose speech starts with for those of you who don't

0:14:37.760 --> 0:14:40.080
<v Speaker 6>know us, we're Becka's best friends from growing up. The

0:14:40.200 --> 0:14:42.240
<v Speaker 6>person over fifty when you asked them for directions, the

0:14:42.320 --> 0:14:44.440
<v Speaker 6>waiter reciting the specials when you already know you're just

0:14:44.480 --> 0:14:48.120
<v Speaker 6>getting the burger, and Joe Biden saying one sentence, Hey.

0:14:48.040 --> 0:14:50.960
<v Speaker 2>Yeah, that's a fucking good the list now he holds

0:14:50.960 --> 0:14:56.720
<v Speaker 2>the records are really good. Boy. That Corey Booker, idiotic stunt,

0:14:56.840 --> 0:15:01.200
<v Speaker 2>gotten zero attention, hilarious bride He's made for those who

0:15:01.240 --> 0:15:03.320
<v Speaker 2>don't know we've been best friends since here comes the

0:15:03.440 --> 0:15:04.000
<v Speaker 2>lost story.

0:15:05.120 --> 0:15:05.480
<v Speaker 7>Boy.

0:15:08.040 --> 0:15:10.480
<v Speaker 2>It's not for me, it's for them. It's their day. Sure,

0:15:10.600 --> 0:15:12.840
<v Speaker 2>so I'll just think about something else. Why I tell this?

0:15:13.560 --> 0:15:15.200
<v Speaker 4>So let me run through a couple of things for

0:15:15.280 --> 0:15:18.920
<v Speaker 4>you in our limited time. In this segment, Kanye West

0:15:19.000 --> 0:15:23.760
<v Speaker 4>confirms split from his wife Bianca after his disturbing rants,

0:15:24.280 --> 0:15:26.240
<v Speaker 4>which Joe mentioned the other day if you haven't watched him,

0:15:26.240 --> 0:15:27.520
<v Speaker 4>he did an interview in.

0:15:27.440 --> 0:15:31.560
<v Speaker 2>A full Ku Kus Klan outfit, but black instead of white.

0:15:31.640 --> 0:15:34.800
<v Speaker 2>The Pointy Hood and everything did the interviews through the mask,

0:15:35.240 --> 0:15:38.560
<v Speaker 2>so it was wrong and an interview guy had to

0:15:38.600 --> 0:15:41.359
<v Speaker 2>be thinking, dude, I get it, all right, you're outrageous.

0:15:41.400 --> 0:15:43.320
<v Speaker 2>Take off the mask. So this is audio.

0:15:43.360 --> 0:15:46.080
<v Speaker 4>It sounds terrible anyway. So his wife is taken off.

0:15:46.120 --> 0:15:49.040
<v Speaker 4>He says he's tracking her on her on his app.

0:15:49.600 --> 0:15:52.200
<v Speaker 4>He's tracking her and she ran away. Okay, So there's

0:15:52.240 --> 0:15:56.640
<v Speaker 4>that Another New York Post got her chipped like a dog. Well,

0:15:56.680 --> 0:15:58.440
<v Speaker 4>you know you probably do. Maybe you do this, I

0:15:58.440 --> 0:16:01.280
<v Speaker 4>don't know, but you know, like you share your location

0:16:01.400 --> 0:16:05.960
<v Speaker 4>with youruse absolutely his sons whatever. Yeah, but i'd thought

0:16:06.000 --> 0:16:11.400
<v Speaker 4>she'd have turned dolf. Yeah, New York Post headline. Another

0:16:11.440 --> 0:16:14.920
<v Speaker 4>one dog breaks Guinness World record for a number of

0:16:14.960 --> 0:16:17.480
<v Speaker 4>tennis balls in mouth at once. M I didn't know

0:16:17.560 --> 0:16:19.520
<v Speaker 4>that was a record. The question is does a dog

0:16:19.560 --> 0:16:21.680
<v Speaker 4>know he was breaking a record? His dog has looks

0:16:21.680 --> 0:16:23.480
<v Speaker 4>to be like five tennis balls in his mouth the way.

0:16:23.760 --> 0:16:27.400
<v Speaker 4>That's a good boy, good boy, we've set a world record. Congratulations.

0:16:28.120 --> 0:16:29.880
<v Speaker 4>And I had another one I wanted to get on. Oh,

0:16:30.120 --> 0:16:33.000
<v Speaker 4>this high school baseball player whose name happens to be

0:16:33.120 --> 0:16:36.040
<v Speaker 4>Jack Bauer. If you're old enough to remember the TV

0:16:36.080 --> 0:16:38.560
<v Speaker 4>show twenty four, he wears the number twenty four on

0:16:38.600 --> 0:16:40.520
<v Speaker 4>his jersey because his name is Jack bar. I'm sure

0:16:40.560 --> 0:16:42.320
<v Speaker 4>his parents had to tell him about this because he

0:16:42.360 --> 0:16:44.880
<v Speaker 4>was born after that show was on. But he's a

0:16:44.960 --> 0:16:47.000
<v Speaker 4>high school kid and he throws one hundred and two

0:16:47.040 --> 0:16:50.360
<v Speaker 4>miles an hour. No and uh yeah, and he's like

0:16:50.440 --> 0:16:51.840
<v Speaker 4>everybody's paying attention to him.

0:16:51.880 --> 0:16:54.080
<v Speaker 2>Obviously. He had a game Tuesday.

0:16:54.200 --> 0:16:58.120
<v Speaker 4>His fastball averaged between ninety seven and one oh one

0:16:58.200 --> 0:17:00.560
<v Speaker 4>in the Tuesday game. Now, as a high school player,

0:17:00.560 --> 0:17:02.360
<v Speaker 4>you gotta be thinking, can I just can me just

0:17:02.520 --> 0:17:04.280
<v Speaker 4>do they have a thing where I can just forfeit

0:17:04.400 --> 0:17:06.520
<v Speaker 4>my bat bat so I don't take one in the

0:17:06.560 --> 0:17:07.480
<v Speaker 4>head if he happens to.

0:17:07.440 --> 0:17:10.680
<v Speaker 2>Lose it, I would be at the far back outside

0:17:10.800 --> 0:17:16.159
<v Speaker 2>corner of the batter's box, covering myself up, saying, dude,

0:17:16.200 --> 0:17:19.080
<v Speaker 2>you're either going to throw three strikes or four balls first.

0:17:19.240 --> 0:17:21.320
<v Speaker 2>I'm either going to head to the bench or first base.

0:17:21.640 --> 0:17:22.159
<v Speaker 2>Go ahead.

0:17:24.840 --> 0:17:27.640
<v Speaker 4>I'm not gonna be killed today. One other sport thing,

0:17:28.160 --> 0:17:30.320
<v Speaker 4>you know. So, I was at my son's volleyball game

0:17:30.400 --> 0:17:33.520
<v Speaker 4>last night. Real volleyball where you have howard eight people

0:17:33.520 --> 0:17:36.239
<v Speaker 4>on each side. That is so much more entertaining than

0:17:36.280 --> 0:17:38.760
<v Speaker 4>the two person beach volleyball. I don't care what anybody

0:17:38.840 --> 0:17:41.960
<v Speaker 4>says regular volleyball is really exciting.

0:17:43.359 --> 0:17:46.760
<v Speaker 2>But they're not sexy babes wearing thongs, right, that's the thing.

0:17:46.760 --> 0:17:49.040
<v Speaker 4>They aren't not bigini, So it'll never be an Olympic

0:17:49.080 --> 0:17:50.600
<v Speaker 4>sport that anybody pays the attention to.

0:17:51.119 --> 0:17:54.359
<v Speaker 2>So we need to revisit the Ezra Kleine progressive view

0:17:54.400 --> 0:17:56.600
<v Speaker 2>of life that we touched on yesterday, and we've got

0:17:56.640 --> 0:18:00.560
<v Speaker 2>some great reaction to that via email more of talk,

0:18:00.640 --> 0:18:03.840
<v Speaker 2>including I've meant to throw in. Speaking for myself, there's

0:18:03.840 --> 0:18:06.480
<v Speaker 2>no question this is terrible for me in the short

0:18:06.560 --> 0:18:10.320
<v Speaker 2>term financially speaking. Oh yeah, Oh it's awful. So believe me.

0:18:10.400 --> 0:18:12.800
<v Speaker 2>I'm not touting this because I think it'll help me.

0:18:15.280 --> 0:18:16.479
<v Speaker 1>Armstrong and getty.

0:18:18.000 --> 0:18:20.120
<v Speaker 7>You can see now that we are in a pre

0:18:20.840 --> 0:18:24.399
<v Speaker 7>civil war culture now, But I look at the politics

0:18:24.400 --> 0:18:28.040
<v Speaker 7>of it, of where people are in this country today

0:18:29.320 --> 0:18:31.960
<v Speaker 7>and the division and how they're holding fast and no

0:18:32.000 --> 0:18:38.040
<v Speaker 7>one's going to falter, no one's going to break or.

0:18:39.320 --> 0:18:45.359
<v Speaker 2>A compromise, and it's bad. Hands up, hands up, don't shoot.

0:18:45.359 --> 0:18:46.320
<v Speaker 2>That's Alec Baldwin.

0:18:47.000 --> 0:18:49.719
<v Speaker 4>I'm saying we're in a pre civil war culture.

0:18:49.880 --> 0:18:53.320
<v Speaker 2>So I I hope he's wrong about that. I'll grow

0:18:53.400 --> 0:18:55.240
<v Speaker 2>my beard out. I don't I don't know what to

0:18:55.280 --> 0:18:56.080
<v Speaker 2>do alec.

0:18:56.000 --> 0:18:59.760
<v Speaker 4>But we are quite polarized, and nobody's giving and I

0:18:59.760 --> 0:19:02.639
<v Speaker 4>don't know that I feel like it's improving any But

0:19:04.520 --> 0:19:09.240
<v Speaker 4>I've always been interested in the how, you know, people

0:19:09.320 --> 0:19:12.840
<v Speaker 4>grow up with a lefty view of the world, you

0:19:12.880 --> 0:19:15.120
<v Speaker 4>go up with a conservative view of the world, and

0:19:15.240 --> 0:19:18.880
<v Speaker 4>just they're so different and what causes that and all

0:19:18.920 --> 0:19:21.240
<v Speaker 4>that different sort of thing. But we were talking yesterday

0:19:21.240 --> 0:19:23.119
<v Speaker 4>about this interview I heard with Ezra Kline of The

0:19:23.119 --> 0:19:26.040
<v Speaker 4>New York Times in which he was asked to describe

0:19:26.119 --> 0:19:30.119
<v Speaker 4>the lefty point of view and to summarize it fairly succinctly,

0:19:30.480 --> 0:19:33.359
<v Speaker 4>And it made me scream out loud in my bedroom. Oh,

0:19:33.400 --> 0:19:36.280
<v Speaker 4>you've got to every beginning, because he got into the

0:19:36.320 --> 0:19:41.359
<v Speaker 4>whole Look, life is unfair, and people have different advantages.

0:19:41.400 --> 0:19:43.639
<v Speaker 4>Where you're born, how smart your parents were, how you know,

0:19:43.640 --> 0:19:45.199
<v Speaker 4>blah blah blah, the kind of school you went to

0:19:45.200 --> 0:19:47.800
<v Speaker 4>do So if you're successful, you didn't do that, you

0:19:47.840 --> 0:19:52.080
<v Speaker 4>didn't build that in the famous Obama thing. And so

0:19:52.760 --> 0:19:55.040
<v Speaker 4>the job of the government is to try to you know,

0:19:55.320 --> 0:19:57.639
<v Speaker 4>you can't get perfect outcomes, but the job of the

0:19:57.640 --> 0:20:01.080
<v Speaker 4>government is trying to level that out, right, I thought, Okay, yeah,

0:20:01.119 --> 0:20:03.119
<v Speaker 4>how so who's going to make those decisions?

0:20:03.160 --> 0:20:05.840
<v Speaker 2>First of all? You, I guess yeah, And gosh, who's

0:20:05.840 --> 0:20:08.359
<v Speaker 2>going to end up really benefiting from the power to

0:20:08.400 --> 0:20:10.760
<v Speaker 2>make those decisions? Golly, I can't even guess.

0:20:10.880 --> 0:20:15.440
<v Speaker 4>And always my thing, nobody ever throws in personal choices,

0:20:15.880 --> 0:20:16.960
<v Speaker 4>decisions you've made.

0:20:16.840 --> 0:20:18.840
<v Speaker 2>Throughout your life for how you ended up where you were.

0:20:18.960 --> 0:20:20.439
<v Speaker 2>It's just you were born in the right town and

0:20:20.480 --> 0:20:21.879
<v Speaker 2>your parents were this or that.

0:20:22.320 --> 0:20:25.760
<v Speaker 4>My parents weren't rich, by the way, But whatever Evan

0:20:25.840 --> 0:20:29.159
<v Speaker 4>Jews have, nobody gives you any credit or discredit for

0:20:29.280 --> 0:20:30.160
<v Speaker 4>life choices.

0:20:30.320 --> 0:20:34.040
<v Speaker 2>Right, And we talked about how, as laid out so

0:20:34.080 --> 0:20:37.160
<v Speaker 2>beautifully by Thomas Sowell in his book A Conflict of Visions,

0:20:38.320 --> 0:20:41.480
<v Speaker 2>you got what he calls the constrained vision of mankind,

0:20:41.480 --> 0:20:44.600
<v Speaker 2>which is essentially more conservative. It relies heavily on the

0:20:44.600 --> 0:20:47.200
<v Speaker 2>belief that human nature is essentially unchanging and that man

0:20:47.240 --> 0:20:50.840
<v Speaker 2>is naturally inherently self interested, regardless of the best intentions.

0:20:51.359 --> 0:20:55.080
<v Speaker 2>And those with a constrained vision prefer these systematic processes

0:20:55.160 --> 0:20:57.880
<v Speaker 2>of the rule of law and the experience of tradition

0:20:58.320 --> 0:21:02.240
<v Speaker 2>compromises essential because they're no ideal solutions, only trade offs.

0:21:02.720 --> 0:21:05.960
<v Speaker 2>On the other hand, the unconstrained or progressive ezraclined point

0:21:05.960 --> 0:21:09.200
<v Speaker 2>of view, it relies heavily on the belief that human

0:21:09.280 --> 0:21:13.760
<v Speaker 2>nature is essentially good. Those with unconstrained visions distrust decentralized

0:21:13.760 --> 0:21:17.480
<v Speaker 2>processes like the free market and are impatient with large

0:21:17.480 --> 0:21:21.520
<v Speaker 2>institutions and systemic processes that constrain human action. They believe

0:21:21.520 --> 0:21:24.439
<v Speaker 2>there is an ideal solution to every problem and that

0:21:24.520 --> 0:21:29.080
<v Speaker 2>compromises never acceptable. Collateral damage is merely the price of

0:21:29.160 --> 0:21:32.560
<v Speaker 2>moving forward on the road to perfection, and the best part.

0:21:33.080 --> 0:21:36.360
<v Speaker 2>Saul often refers to them as the self anointed. Ultimately,

0:21:36.400 --> 0:21:39.280
<v Speaker 2>they believe that man is morally perfectible, and because of this,

0:21:39.480 --> 0:21:42.000
<v Speaker 2>they believe that there exists some people who are further

0:21:42.080 --> 0:21:46.119
<v Speaker 2>along the path of moral development and have overcome self

0:21:46.119 --> 0:21:49.040
<v Speaker 2>interest that's what Asraclined would tell you, and are immune

0:21:49.040 --> 0:21:51.200
<v Speaker 2>to the influence of power and therefore can act as

0:21:51.200 --> 0:21:54.280
<v Speaker 2>surrogate decision makers for the rest of us, which is

0:21:54.800 --> 0:21:57.359
<v Speaker 2>I can't decide whether to vomit or guffaw.

0:21:57.600 --> 0:22:00.840
<v Speaker 4>Yeah, yeah, that's hilarious that notion. So yeah, I'd buy

0:22:00.840 --> 0:22:05.399
<v Speaker 4>the view that even if I agree one hundred percent

0:22:05.600 --> 0:22:09.680
<v Speaker 4>that successful people didn't earn that. It's just you know, circumstances.

0:22:10.200 --> 0:22:13.560
<v Speaker 4>I don't believe at all that the government could have

0:22:13.600 --> 0:22:15.000
<v Speaker 4>a role in trying to fix that.

0:22:14.920 --> 0:22:20.840
<v Speaker 2>Situation right right now. If somebody is blind or different thing, yeah,

0:22:20.880 --> 0:22:25.280
<v Speaker 2>developmentally disabled, autistic, whatever, that's an entirely different question. So

0:22:25.280 --> 0:22:29.320
<v Speaker 2>we got a couple of interesting reactions via email mail

0:22:29.320 --> 0:22:31.040
<v Speaker 2>bag at Armstrong you getdy dot com. Is the email

0:22:31.040 --> 0:22:33.200
<v Speaker 2>addressed if you ever want to react to anything, keep

0:22:33.240 --> 0:22:36.399
<v Speaker 2>it short if you can. But Dan, who says he

0:22:36.480 --> 0:22:39.680
<v Speaker 2>signs off your backyard, California, get the hell out of

0:22:39.720 --> 0:22:42.720
<v Speaker 2>my backyard, Dan, You'll be shot all right. Wow. Anyway,

0:22:43.600 --> 0:22:46.399
<v Speaker 2>he's had mentioned earlier if you read one of my

0:22:46.440 --> 0:22:48.320
<v Speaker 2>emails in your life, this is the one I want

0:22:48.320 --> 0:22:52.239
<v Speaker 2>you to be aware. Okay, Ezra didn't say it out right,

0:22:52.280 --> 0:22:54.840
<v Speaker 2>but he's addressing your point about people's life decisions. When

0:22:54.840 --> 0:22:57.720
<v Speaker 2>he says life is unfair. Here's the scary, crazy point.

0:22:57.760 --> 0:22:59.600
<v Speaker 2>He's not saying out loud because it would make him

0:22:59.600 --> 0:23:02.520
<v Speaker 2>sound like a lunatic. He does not believe in free will.

0:23:02.560 --> 0:23:04.720
<v Speaker 2>Trust me. My brother and his girlfriend are liberal and

0:23:04.800 --> 0:23:07.639
<v Speaker 2>highly educated, and when having a friendly political debate with me,

0:23:07.880 --> 0:23:10.760
<v Speaker 2>they spat out Ezra's crazy worldview almost word for word.

0:23:11.119 --> 0:23:13.000
<v Speaker 2>And when I brought up your point that everyone makes

0:23:13.040 --> 0:23:16.399
<v Speaker 2>decisions in life greatly affects their outcomes, they defended their

0:23:16.440 --> 0:23:20.040
<v Speaker 2>position with this. There's a crazy, almost Marxist ideology going

0:23:20.040 --> 0:23:22.600
<v Speaker 2>around with progressives right now that we did not make

0:23:22.640 --> 0:23:25.560
<v Speaker 2>our own decisions, it was all predetermined or destined. I've

0:23:25.600 --> 0:23:27.679
<v Speaker 2>never heard this. This is I'm glad this is being

0:23:27.680 --> 0:23:30.600
<v Speaker 2>brought to my attention. I have heard mostly people of

0:23:30.640 --> 0:23:33.040
<v Speaker 2>a progressive bent, saying there is no free will. It's

0:23:33.040 --> 0:23:36.480
<v Speaker 2>an illusion because we are are genetic selves and it's

0:23:36.520 --> 0:23:39.440
<v Speaker 2>all okay, So what am I supposed to do with that? Well,

0:23:40.440 --> 0:23:43.199
<v Speaker 2>well exactly, Yeah, you've bottom lined it for me. So

0:23:43.359 --> 0:23:48.040
<v Speaker 2>I guess my genetics were be young, impulsive and not

0:23:48.160 --> 0:23:50.600
<v Speaker 2>a big fan of rules and make a series of

0:23:50.640 --> 0:23:53.639
<v Speaker 2>bad decisions from which I had learned and then started

0:23:53.680 --> 0:23:57.120
<v Speaker 2>to make much better decisions. But that was all predetermined,

0:23:57.200 --> 0:24:01.159
<v Speaker 2>I guess anyway. Oh ba ba bah. All they straight

0:24:01.240 --> 0:24:04.399
<v Speaker 2>up said to me, I get just got lucky, and

0:24:04.440 --> 0:24:06.359
<v Speaker 2>that every so called decision I made in my life

0:24:06.400 --> 0:24:08.920
<v Speaker 2>was predetermined. If you think about it for a little bit,

0:24:08.920 --> 0:24:12.040
<v Speaker 2>you'll realize how sick and horrible. This ideology is. Imagine,

0:24:12.080 --> 0:24:14.280
<v Speaker 2>they're able to convince more and more people that quote,

0:24:14.280 --> 0:24:16.359
<v Speaker 2>you don't need to feel guilty about your decisions, you

0:24:16.359 --> 0:24:18.520
<v Speaker 2>don't need to try to make good decisions because it

0:24:18.560 --> 0:24:20.960
<v Speaker 2>was always going to happen this way. Then maybe I

0:24:20.960 --> 0:24:23.399
<v Speaker 2>would shut down my business right now, because that's not

0:24:23.480 --> 0:24:25.399
<v Speaker 2>actually a decision. It was always going to be happening.

0:24:25.440 --> 0:24:26.399
<v Speaker 2>It always going to happen.

0:24:26.760 --> 0:24:28.680
<v Speaker 4>I assume many of us have had this free will

0:24:28.760 --> 0:24:32.280
<v Speaker 4>discussion or heard it or whatever. But I mean, like today,

0:24:33.119 --> 0:24:35.359
<v Speaker 4>I'm either going to decide to stick to my diet

0:24:35.720 --> 0:24:37.400
<v Speaker 4>or I'm going to say, screw it, need a bunch

0:24:37.400 --> 0:24:41.480
<v Speaker 4>of donuts. And you're telling me that's predetermined. I'm not okay,

0:24:41.520 --> 0:24:44.359
<v Speaker 4>you have no say if your eyes open. Is this

0:24:44.480 --> 0:24:47.080
<v Speaker 4>sick philosophy spreads more and more amongst young people. I'm

0:24:47.080 --> 0:24:49.200
<v Speaker 4>thirty six, my brother's thirty eight, so we're not even

0:24:49.240 --> 0:24:53.159
<v Speaker 4>the young generation that it's susceptible to this crazy the ideology,

0:24:53.160 --> 0:24:54.160
<v Speaker 4>but it's spreading all right.

0:24:54.480 --> 0:24:56.480
<v Speaker 2>Then we got this from a frequent correspondent.

0:24:56.560 --> 0:25:00.679
<v Speaker 4>Obviously that's fantastic if you're on the Ezra Klein's of things,

0:25:00.760 --> 0:25:05.160
<v Speaker 4>because then that gives you the go ahead to have

0:25:05.440 --> 0:25:08.800
<v Speaker 4>the tremendous government and intervention to try to even things out.

0:25:08.840 --> 0:25:12.040
<v Speaker 4>Because nobody is responsible for their success or their lack

0:25:12.080 --> 0:25:15.320
<v Speaker 4>of success, the redistribution only makes sense.

0:25:15.800 --> 0:25:18.400
<v Speaker 2>And while the Ezra clients of the world are exercising

0:25:18.440 --> 0:25:24.160
<v Speaker 2>the stunning, unimaginable power of making everything equal by manipulating everything,

0:25:24.520 --> 0:25:28.360
<v Speaker 2>they'll also carve off a certain percent for themselves. Happens

0:25:28.440 --> 0:25:33.320
<v Speaker 2>every single Timetris says, I.

0:25:33.440 --> 0:25:36.160
<v Speaker 4>He's a richest person in Venezuela. You Goo Chevez's daughter.

0:25:36.760 --> 0:25:39.320
<v Speaker 4>H imagine that anyway I want.

0:25:39.119 --> 0:25:42.680
<v Speaker 2>Too, so JT and livermore right, say, Ezra's worldview about

0:25:42.720 --> 0:25:45.560
<v Speaker 2>progressives is total horse spit. He really cares about how

0:25:45.600 --> 0:25:47.800
<v Speaker 2>unequal different people's lives are. He should ask himself why

0:25:47.800 --> 0:25:49.800
<v Speaker 2>he doesn't give away all his money and wealth and

0:25:49.840 --> 0:25:53.399
<v Speaker 2>possessions that exceeded eighty three hundred and sixty dollars. The

0:25:53.480 --> 0:25:55.960
<v Speaker 2>median American net worth is one hundred and ninety two

0:25:55.960 --> 0:25:58.960
<v Speaker 2>thousand dollars. The median human net worth is eighty three

0:25:59.040 --> 0:26:01.639
<v Speaker 2>hundred dollars. I say, those bleeding heart liberals need to

0:26:01.720 --> 0:26:04.040
<v Speaker 2>first put their own money where their mouth is. Start

0:26:04.040 --> 0:26:06.000
<v Speaker 2>by example, you're in the upper half of people in

0:26:06.040 --> 0:26:08.119
<v Speaker 2>the world that have more than median value, and so

0:26:08.160 --> 0:26:10.040
<v Speaker 2>you should give all the rest to the un to

0:26:10.119 --> 0:26:12.359
<v Speaker 2>distribute to those who have less than you. It is

0:26:12.560 --> 0:26:16.359
<v Speaker 2>the exact same horse spit virtue signaling that rich liberals

0:26:16.400 --> 0:26:19.000
<v Speaker 2>are always spouting but failing to lead by example respect

0:26:19.080 --> 0:26:22.160
<v Speaker 2>to tax rates. Nothing is keeping Bill Gates or Warren

0:26:22.200 --> 0:26:25.840
<v Speaker 2>Buffett or Nancy pelosire Bernard Sanders from writing a big

0:26:25.920 --> 0:26:28.280
<v Speaker 2>fat check to the US Treasury to cover their proposed

0:26:28.480 --> 0:26:30.800
<v Speaker 2>wealth tax, or a big fat check equal to the

0:26:30.880 --> 0:26:33.639
<v Speaker 2>higher tax rate that they think is fair for somebody

0:26:33.640 --> 0:26:36.280
<v Speaker 2>of their wealth or income. But the next time I

0:26:36.320 --> 0:26:38.359
<v Speaker 2>hear about a wealthy liberal writing an extra check to

0:26:38.400 --> 0:26:40.520
<v Speaker 2>the US Treasury and support of their stated belief that

0:26:40.560 --> 0:26:43.080
<v Speaker 2>the wealthy should pay more in taxes, it will be

0:26:43.119 --> 0:26:46.639
<v Speaker 2>the first time. Yeah, hey, Isra do you fly first class?

0:26:46.680 --> 0:26:47.359
<v Speaker 2>I'm guessing you do.

0:26:48.119 --> 0:26:49.879
<v Speaker 4>Why don't you fly coach and give that money to

0:26:49.960 --> 0:26:52.480
<v Speaker 4>that guy sitting out tried the airport begging for money.

0:26:52.600 --> 0:26:54.679
<v Speaker 2>I mean you didn't deserve it. He didn't deserve it.

0:26:55.359 --> 0:26:57.800
<v Speaker 2>And finally, listening to as their speak, it sounded exactly

0:26:57.840 --> 0:27:01.960
<v Speaker 2>like the Marxists taking equity, talking equity and that equity

0:27:02.040 --> 0:27:04.480
<v Speaker 2>is just the latest iteration of something that's stuck to

0:27:04.520 --> 0:27:06.480
<v Speaker 2>the wall. They don't believe any of what they say.

0:27:06.640 --> 0:27:09.080
<v Speaker 2>It's just the latest method they can think to justify

0:27:09.119 --> 0:27:11.800
<v Speaker 2>their side. I would say that's true, JT. It brings

0:27:11.840 --> 0:27:13.919
<v Speaker 2>us back to a discussion Jack and I always have.

0:27:16.160 --> 0:27:18.479
<v Speaker 2>Are the people we're talking about, the activists who know

0:27:18.520 --> 0:27:22.440
<v Speaker 2>precisely what they're doing, or they're at least driving the train,

0:27:22.880 --> 0:27:26.000
<v Speaker 2>or are they the nice, dopey people who hear that

0:27:26.160 --> 0:27:29.920
<v Speaker 2>moral argument about No, Those people aren't like, don't make

0:27:29.960 --> 0:27:32.720
<v Speaker 2>bad decisions, or their culture doesn't reward learning or whatever.

0:27:32.920 --> 0:27:35.639
<v Speaker 2>They've just been unlucky and they think to be a

0:27:35.640 --> 0:27:37.639
<v Speaker 2>good person. I need to adhere to that point of view.

0:27:37.800 --> 0:27:40.440
<v Speaker 4>I know smart people, really smart people smarter than me.

0:27:40.520 --> 0:27:42.919
<v Speaker 4>People that believe what you just said, actually believe it.

0:27:43.760 --> 0:27:46.639
<v Speaker 2>Uh, proving once again intelligence is not wisdom.

0:27:46.720 --> 0:27:48.240
<v Speaker 4>It's hard for me to wrap my head around. And

0:27:48.240 --> 0:27:51.600
<v Speaker 4>then there's the whole cultural thing of if you believe

0:27:51.600 --> 0:27:54.879
<v Speaker 4>in decisions that will you believe you make decisions that

0:27:54.880 --> 0:27:56.720
<v Speaker 4>they aren't preordained the.

0:27:56.640 --> 0:27:57.720
<v Speaker 2>Way it affects culture.

0:27:57.800 --> 0:27:59.960
<v Speaker 4>You know, I'm raising my kids, you raise your kid

0:28:00.040 --> 0:28:02.159
<v Speaker 4>I'm sure in a certain way, because you've looked at

0:28:02.160 --> 0:28:05.520
<v Speaker 4>the outcome of other families who did certain things, and

0:28:05.560 --> 0:28:08.480
<v Speaker 4>you want your kids to have a better outcome. So

0:28:08.560 --> 0:28:10.760
<v Speaker 4>you know, and I tell my kids all the time,

0:28:10.800 --> 0:28:13.200
<v Speaker 4>people that do this end up with this, People that

0:28:13.320 --> 0:28:17.040
<v Speaker 4>do this end up with this, And so you get

0:28:17.040 --> 0:28:21.200
<v Speaker 4>a better result from society when people are observing these decisions.

0:28:21.400 --> 0:28:24.159
<v Speaker 2>Yeah, in a hundred different ways, including much less crime,

0:28:24.280 --> 0:28:27.680
<v Speaker 2>for instance. Yeah, that's wild.

0:28:28.920 --> 0:28:31.680
<v Speaker 4>Is this a new thing? I mean, I know it's

0:28:31.720 --> 0:28:37.240
<v Speaker 4>not entirely new, It's been around since the beginning of philosophy,

0:28:37.520 --> 0:28:40.280
<v Speaker 4>But is this a new thing among the American left

0:28:40.480 --> 0:28:43.920
<v Speaker 4>to talk about these are preordained decisions?

0:28:44.800 --> 0:28:48.320
<v Speaker 2>I think it's a new version of that argument that

0:28:48.680 --> 0:28:54.640
<v Speaker 2>the really interesting thing that nobody ever talks about is

0:28:54.680 --> 0:28:59.680
<v Speaker 2>that if you had that point of view prior to

0:29:00.200 --> 0:29:04.960
<v Speaker 2>DR's presidency, you would die of starvation, right, going back

0:29:05.000 --> 0:29:08.400
<v Speaker 2>to the dawn of effing man. Sorry, folks, I'm adamant

0:29:08.440 --> 0:29:12.040
<v Speaker 2>about this stuff. It's only because the modern welfare state

0:29:12.080 --> 0:29:15.440
<v Speaker 2>that you can indulge yourself in. Think this crap, right,

0:29:15.560 --> 0:29:18.480
<v Speaker 2>it's only eighty years old. You know. The lefties they

0:29:18.520 --> 0:29:22.080
<v Speaker 2>love to talk about like our native peoples, the Native tribes.

0:29:22.520 --> 0:29:26.880
<v Speaker 2>They shared equally. They shared the game that they caught,

0:29:26.920 --> 0:29:30.120
<v Speaker 2>and the fish and the food and the labor they shared.

0:29:30.520 --> 0:29:33.920
<v Speaker 2>And because they were nomads, they didn't particularly accumulate material

0:29:33.960 --> 0:29:36.600
<v Speaker 2>goods either, which is probably good. But anyway, what they

0:29:36.680 --> 0:29:42.320
<v Speaker 2>always leave out is that if you didn't contribute equally,

0:29:42.960 --> 0:29:45.400
<v Speaker 2>you were killed or left to starve.

0:29:45.600 --> 0:29:47.760
<v Speaker 4>Yeah, the idea that you could decide, you know what,

0:29:47.880 --> 0:29:50.320
<v Speaker 4>I'm just gonna drink firewater and sit under this shade

0:29:50.320 --> 0:29:52.560
<v Speaker 4>tree all day long because that's all predetermined.

0:29:52.600 --> 0:29:55.680
<v Speaker 2>I'm just less lucky than you, chief, and they'll share

0:29:55.720 --> 0:30:02.800
<v Speaker 2>equally with you. As hilarious. It's absolutely laughable. The crazy

0:30:02.840 --> 0:30:06.480
<v Speaker 2>ass ideas that people grasp. To quote Thomas Soul again,

0:30:06.720 --> 0:30:11.160
<v Speaker 2>there's some ideas so idiotic only an intellectual could have them.

0:30:11.640 --> 0:30:14.880
<v Speaker 4>I had this same belief when I was poor, by

0:30:14.920 --> 0:30:16.560
<v Speaker 4>the way, I really did.

0:30:16.720 --> 0:30:20.800
<v Speaker 2>Oh yeah, yeah. I remember hearing about the progressive income

0:30:20.880 --> 0:30:24.200
<v Speaker 2>tax rates in high school as a kid wearing hand

0:30:24.280 --> 0:30:27.960
<v Speaker 2>me down clothes. I thought, everybody pays ten percent, so

0:30:28.040 --> 0:30:30.120
<v Speaker 2>of course people will make more money, pay more. That's

0:30:30.120 --> 0:30:33.360
<v Speaker 2>what a percentage is. But no, my teacher explained to me, no, no, no, no,

0:30:33.240 --> 0:30:37.000
<v Speaker 2>no no. The quote unquote wealthy, the rich whatever, they

0:30:37.040 --> 0:30:39.960
<v Speaker 2>pay a much higher percentage, And sitting there in my

0:30:40.080 --> 0:30:46.000
<v Speaker 2>handme down clothes, I thought that's wrong. Well, so that

0:30:46.080 --> 0:30:46.720
<v Speaker 2>ain't going away.

0:30:46.720 --> 0:30:51.400
<v Speaker 4>But yeah, the whole idea of if you're successful, you

0:30:51.480 --> 0:30:54.560
<v Speaker 4>didn't you don't get any credit for that is just

0:30:54.600 --> 0:30:56.480
<v Speaker 4>a good way to destroy society.

0:30:56.760 --> 0:30:58.840
<v Speaker 2>Yeah. Wow, that's horrifying.

0:30:59.080 --> 0:31:01.240
<v Speaker 4>You can comment on that line four one, five two

0:31:01.320 --> 0:31:07.280
<v Speaker 4>nine five Kftcara, are you terrified?

0:31:07.320 --> 0:31:09.440
<v Speaker 2>Ied? Is it terrifying?

0:31:11.240 --> 0:31:15.240
<v Speaker 4>We've got some uh tariff uh of a way to

0:31:15.280 --> 0:31:16.920
<v Speaker 4>look at the whole thing in just a second. It's

0:31:16.960 --> 0:31:20.280
<v Speaker 4>the no good, horrible terrifule day. More on that to

0:31:20.320 --> 0:31:21.160
<v Speaker 4>come stay with us.

0:31:21.160 --> 0:31:24.200
<v Speaker 2>Plus, one of our favorite clips of twenty twenty four

0:31:24.320 --> 0:31:27.800
<v Speaker 2>has at long last been turned into a most song,

0:31:28.480 --> 0:31:31.000
<v Speaker 2>a remix of some sorts so well we needed. It's

0:31:31.080 --> 0:31:33.160
<v Speaker 2>ridiculous but kind of funny, So stay with us for that.

0:31:33.360 --> 0:31:35.280
<v Speaker 2>Just to follow up to our previous discussion that I

0:31:35.320 --> 0:31:38.520
<v Speaker 2>swear I will shut up about all this and if

0:31:38.560 --> 0:31:41.040
<v Speaker 2>you didn't hear it, grab the podcast Armstrong Getdy on demand.

0:31:41.040 --> 0:31:43.760
<v Speaker 2>We were talking about the progressive worldview and how you

0:31:43.800 --> 0:31:46.280
<v Speaker 2>didn't build that and it's all luck and blah, blah blah,

0:31:46.320 --> 0:31:50.040
<v Speaker 2>the other unholy side of that coin. During the break,

0:31:50.080 --> 0:31:52.640
<v Speaker 2>we were talking about a horrific shooting in a pharmacy

0:31:53.160 --> 0:31:56.600
<v Speaker 2>or a disgruntled guy killed some poor pharmacy worker who's

0:31:56.680 --> 0:31:59.959
<v Speaker 2>just there to make a living job. They probably didn't love,

0:32:00.160 --> 0:32:02.800
<v Speaker 2>as Jack said, and they might hate big farm as

0:32:02.880 --> 0:32:09.080
<v Speaker 2>much as you. Exactly. That guy believed his crappy life

0:32:09.600 --> 0:32:12.160
<v Speaker 2>was not his fault, right, and that he was a

0:32:12.280 --> 0:32:16.680
<v Speaker 2>victim of people and forces that control him. That is

0:32:16.720 --> 0:32:19.840
<v Speaker 2>the other side of that philosophy. You want to know

0:32:20.120 --> 0:32:23.760
<v Speaker 2>why there are school shooters now and there never were before,

0:32:23.960 --> 0:32:26.200
<v Speaker 2>including when every kid had a rifle in his gun

0:32:26.280 --> 0:32:28.920
<v Speaker 2>rack in his pickup truck at school in the country.

0:32:28.960 --> 0:32:33.200
<v Speaker 2>At least, it's because of that change in the culture.

0:32:32.960 --> 0:32:36.160
<v Speaker 2>There might not be a more corrosive and horrifying philosophy

0:32:36.400 --> 0:32:39.560
<v Speaker 2>on earth than You're not responsible for you.

0:32:39.680 --> 0:32:42.040
<v Speaker 4>Yeah, it should be considered child abuse to teach your

0:32:42.120 --> 0:32:45.440
<v Speaker 4>kid that failure is not your fault.

0:32:45.840 --> 0:32:48.880
<v Speaker 2>End of rant. Oh, that is troubling anyway.

0:32:49.120 --> 0:32:51.320
<v Speaker 4>So it is the whole tariff thing today. This is

0:32:51.320 --> 0:32:53.560
<v Speaker 4>worth talking about a lot because it's a huge, huge

0:32:53.600 --> 0:32:55.680
<v Speaker 4>deal for the whole planet and how it works out.

0:32:55.720 --> 0:32:56.960
<v Speaker 2>We don't know. Nobody knows.

0:32:57.440 --> 0:33:00.280
<v Speaker 4>Trump has been He's had a theory on this his

0:33:00.360 --> 0:33:02.280
<v Speaker 4>whole life, and we'll see how it turns out.

0:33:02.280 --> 0:33:02.600
<v Speaker 2>Anyway.

0:33:02.640 --> 0:33:06.400
<v Speaker 4>Here's Howard Lutnik, who's one of Trump's big financial advisors,

0:33:07.320 --> 0:33:08.680
<v Speaker 4>being interviewed about it today.

0:33:09.160 --> 0:33:10.960
<v Speaker 3>If the market here in the US opens at nine

0:33:11.000 --> 0:33:13.800
<v Speaker 3>am and things head south, is there a.

0:33:13.760 --> 0:33:16.360
<v Speaker 2>Red line for you pulling back and saying, Okay, hold on,

0:33:16.440 --> 0:33:18.880
<v Speaker 2>we're going to rethink things. No, you know, I mean,

0:33:18.960 --> 0:33:20.080
<v Speaker 2>come on the markets.

0:33:20.680 --> 0:33:22.880
<v Speaker 5>When Donald Trump was the president last time, he put

0:33:22.920 --> 0:33:25.280
<v Speaker 5>on tariffs, and if you go back and look at

0:33:25.280 --> 0:33:28.840
<v Speaker 5>that news, everybody said, oh my gosh, oh my gosh.

0:33:29.040 --> 0:33:31.200
<v Speaker 5>And the stock market, as you heard him say yesterday,

0:33:31.280 --> 0:33:35.280
<v Speaker 5>up eighty eight percent during his presidency. So what you've

0:33:35.280 --> 0:33:37.440
<v Speaker 5>got to realize is sure, there's going to be some

0:33:37.480 --> 0:33:41.520
<v Speaker 5>short term movement, but this is a reordering of global trade.

0:33:41.840 --> 0:33:45.720
<v Speaker 5>It's time for America to manufacture again. And I think

0:33:45.760 --> 0:33:51.080
<v Speaker 5>these changes in the stock market while their initial long term,

0:33:51.160 --> 0:33:54.680
<v Speaker 5>you've got to assume a medium term and employment based,

0:33:54.720 --> 0:33:58.240
<v Speaker 5>you're going to see America thrive. Interest rates are going

0:33:58.280 --> 0:34:00.960
<v Speaker 5>to come down, as we said, and America is going

0:34:01.000 --> 0:34:04.000
<v Speaker 5>to thrive. And that's what Donald Trump is about is

0:34:04.040 --> 0:34:08.000
<v Speaker 5>about employing Americans, building in America and having Americans be

0:34:08.160 --> 0:34:08.920
<v Speaker 5>the winners.

0:34:09.400 --> 0:34:10.920
<v Speaker 2>Yeah, that's why I started the show with.

0:34:10.960 --> 0:34:14.000
<v Speaker 4>In my opinion, any analysis of this that's going to

0:34:14.120 --> 0:34:19.000
<v Speaker 4>lean on what the stock market did today come on well.

0:34:18.880 --> 0:34:23.839
<v Speaker 2>Especially because the stock market is rife with speculation. It's

0:34:23.920 --> 0:34:28.520
<v Speaker 2>like the NFT craze. Nobody wanted a dumb ap yacht

0:34:28.680 --> 0:34:34.040
<v Speaker 2>society or whatever it was NFT. It was pure speculation,

0:34:34.320 --> 0:34:37.560
<v Speaker 2>and a lot of the stock market is too. Jd Vance.

0:34:37.560 --> 0:34:40.919
<v Speaker 2>I don't think we have time or do we have time? Yeah,

0:34:40.960 --> 0:34:42.480
<v Speaker 2>play fifty seven for us, Michael.

0:34:42.960 --> 0:34:46.120
<v Speaker 3>What I'd ask folks to appreciate here is that we

0:34:46.160 --> 0:34:49.040
<v Speaker 3>are not going to fix things overnight. Joe Biden left us.

0:34:49.160 --> 0:34:52.759
<v Speaker 3>This is not an exaggeration, lawrence. With the largest peacetime

0:34:52.800 --> 0:34:55.080
<v Speaker 3>debt and deficit in the history of the United States

0:34:55.120 --> 0:34:58.280
<v Speaker 3>of America, with sky high interest rates, you don't fix.

0:34:58.120 --> 0:35:00.719
<v Speaker 2>That stuff overnight. We know people are struggling.

0:35:00.760 --> 0:35:04.000
<v Speaker 3>We're fighting as quickly as we can to fix what

0:35:04.200 --> 0:35:06.920
<v Speaker 3>was left to us, but it's not going to happen immediately.

0:35:07.080 --> 0:35:09.000
<v Speaker 3>But we really do believe that if we pursue the

0:35:09.080 --> 0:35:13.719
<v Speaker 3>right deregulation we pursue those energy cost reducing policies. Yes,

0:35:13.840 --> 0:35:16.080
<v Speaker 3>people are going to see it in their pocketbook. They're

0:35:16.120 --> 0:35:18.760
<v Speaker 3>also going to benefit from the fact that foreign countries

0:35:18.960 --> 0:35:21.520
<v Speaker 3>can't take advantage of us anymore. That means their jobs

0:35:21.520 --> 0:35:22.480
<v Speaker 3>are going to be more secure.

0:35:23.920 --> 0:35:25.880
<v Speaker 2>If you're just tuning in, we've made the point a

0:35:25.920 --> 0:35:28.120
<v Speaker 2>couple of times and we'll dive back into it next hour.

0:35:28.320 --> 0:35:33.400
<v Speaker 2>That there hasn't been anything close to free trade going on.

0:35:34.600 --> 0:35:36.759
<v Speaker 2>The free traders are saying this is a trade war

0:35:36.800 --> 0:35:39.319
<v Speaker 2>Trump has started. The other countries around the world have

0:35:39.480 --> 0:35:42.400
<v Speaker 2>to either a greater or lesser extent, been tariffing the

0:35:42.440 --> 0:35:44.640
<v Speaker 2>hell out of American goods for the longest time. And

0:35:44.680 --> 0:35:46.160
<v Speaker 2>you know what, in the wake of World War Two,

0:35:46.160 --> 0:35:48.719
<v Speaker 2>when we stood astride the economy of the globe like

0:35:48.760 --> 0:35:51.680
<v Speaker 2>a colossus, I get that they needed help. We needed

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<v Speaker 2>to sell our stuff to someone. All right, exactly seventy

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<v Speaker 2>years down the line, now it is time for a

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<v Speaker 2>fundamental restructuring global trade. Will it work and how much

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<v Speaker 2>will it hurt? I don't know. I wish I did.

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<v Speaker 2>If I did, I would tell you we're not going

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<v Speaker 2>to find out in the first couple hours. No, there's

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<v Speaker 2>a new book out about the end of the Biden

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<v Speaker 2>presidency by a respected reporter, did an interview today. We

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<v Speaker 2>got some of the highlights on that coming up. Boy

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<v Speaker 2>Barack Obama did not think much of Kamala Harris as

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<v Speaker 2>one of the headlines

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<v Speaker 1>Armstrong and Getty