1 00:00:01,160 --> 00:00:05,680 Speaker 1: Comrade, Kamala, we're now being told, wants to raise taxes 2 00:00:05,960 --> 00:00:12,879 Speaker 1: by a combined five trillion dollars. The corporate tax rate. 3 00:00:13,000 --> 00:00:16,400 Speaker 1: She wants to jump to twenty eight percent in capital 4 00:00:16,480 --> 00:00:21,279 Speaker 1: gains tax, more than double that of China. This is 5 00:00:21,400 --> 00:00:25,959 Speaker 1: President Harris's right dream if she is the president of 6 00:00:26,000 --> 00:00:29,240 Speaker 1: the United States of America. But what I do want 7 00:00:29,280 --> 00:00:32,040 Speaker 1: to say, and I want to make clear here, is 8 00:00:32,080 --> 00:00:34,240 Speaker 1: that Kamala Harris is now going for. 9 00:00:34,479 --> 00:00:36,239 Speaker 2: Just open socialism. 10 00:00:36,760 --> 00:00:41,159 Speaker 1: Take the money from the people, redistribute it, make everybody equal, 11 00:00:41,159 --> 00:00:44,000 Speaker 1: and even no one is successful, no one is a failure. 12 00:00:44,479 --> 00:00:47,839 Speaker 1: That is what they sell you on with communism. Now, 13 00:00:47,880 --> 00:00:50,760 Speaker 1: while all this is happening, we have other threats we're 14 00:00:50,840 --> 00:00:54,440 Speaker 1: learning about against Donald Trump. They are looking apparently for 15 00:00:54,520 --> 00:00:56,880 Speaker 1: a man that threatened to kill him at the border. 16 00:00:57,520 --> 00:01:00,440 Speaker 1: That happening as we speak, and he went to the 17 00:01:00,480 --> 00:01:04,200 Speaker 1: border to talk about Kamala Harris ahead of her speech. Now, 18 00:01:04,200 --> 00:01:07,399 Speaker 1: I want you to listen to what he had to say. 19 00:01:07,480 --> 00:01:09,199 Speaker 1: I'm going to play that for you in a second, 20 00:01:09,200 --> 00:01:12,399 Speaker 1: But I also want you to hear this warning that 21 00:01:12,600 --> 00:01:17,000 Speaker 1: came as well. Their authorities are again, they say, searching 22 00:01:17,800 --> 00:01:22,559 Speaker 1: for an Arizona man connected with a threat to kill 23 00:01:22,680 --> 00:01:23,440 Speaker 1: Donald Trump. 24 00:01:24,480 --> 00:01:28,119 Speaker 3: Fox News Alert forty four minutes past the hour. That's 25 00:01:28,160 --> 00:01:30,600 Speaker 3: a live shot. We're waiting for President Donald Trump. He's 26 00:01:30,600 --> 00:01:32,800 Speaker 3: on his border trip there in Arizona. He is about 27 00:01:32,840 --> 00:01:36,320 Speaker 3: to speak sometime soon. We are told, as this news 28 00:01:36,360 --> 00:01:40,440 Speaker 3: is just breaking out of Coaches County, Arizona, the sheriff's 29 00:01:40,520 --> 00:01:44,600 Speaker 3: office there is confirming via a Facebook post that a 30 00:01:44,760 --> 00:01:48,480 Speaker 3: manhunt is underway for a man who they believe has 31 00:01:48,600 --> 00:01:53,640 Speaker 3: threatened to kill a presidential candidate. While we do note 32 00:01:53,680 --> 00:01:57,240 Speaker 3: that this is the county where Trump is right now 33 00:01:57,400 --> 00:02:00,760 Speaker 3: for his border event seen on your screen there, it 34 00:02:00,800 --> 00:02:03,960 Speaker 3: is scheduled to start shortly, you may have seen reports 35 00:02:04,040 --> 00:02:07,840 Speaker 3: via the Daily Mail that the candidate is Trump. We 36 00:02:07,960 --> 00:02:12,000 Speaker 3: have not independently confirmed that, nor have we confirmed that 37 00:02:12,040 --> 00:02:15,960 Speaker 3: this was specifically a threat for today. We don't have 38 00:02:16,040 --> 00:02:17,919 Speaker 3: that yet, but we are reaching out to the sheriff's 39 00:02:17,960 --> 00:02:22,359 Speaker 3: office right now for more details on that. Any more 40 00:02:22,400 --> 00:02:24,560 Speaker 3: information we get on this, we will bring that to you. 41 00:02:24,680 --> 00:02:28,400 Speaker 4: John, all right, So, the suspect's name is Ronald Lee Servid. 42 00:02:28,440 --> 00:02:32,040 Speaker 4: He is a white male, six feet tall, wearing glasses, 43 00:02:32,200 --> 00:02:35,560 Speaker 4: sixty six years of age. Last not address was Benson Arizona, 44 00:02:35,919 --> 00:02:38,000 Speaker 4: which is just a little more than forty miles away 45 00:02:38,160 --> 00:02:40,880 Speaker 4: from Modestuma pass or the President who's going to be 46 00:02:40,880 --> 00:02:45,120 Speaker 4: speaking in the next few minutes, Aliciacunya is on the border. Now, Alicia, 47 00:02:45,200 --> 00:02:46,679 Speaker 4: what can you tell us about this? 48 00:02:47,600 --> 00:02:47,680 Speaker 5: Ah? 49 00:02:47,720 --> 00:02:49,200 Speaker 6: Hi, John Well, I can tell you that the press 50 00:02:49,240 --> 00:02:51,320 Speaker 6: is locked in the Pen area as we await the 51 00:02:51,440 --> 00:02:53,920 Speaker 6: arrival of former President Trump. We do understand that he 52 00:02:54,000 --> 00:02:57,480 Speaker 6: is on the ground in Cochise County, the same county 53 00:02:57,520 --> 00:03:00,400 Speaker 6: as you mentioned, where the Sheriff's department has now release 54 00:03:00,480 --> 00:03:03,680 Speaker 6: this statement that they are now underway in a man 55 00:03:03,760 --> 00:03:06,520 Speaker 6: hunt for someone who was threatened to kill a presidential candidate. 56 00:03:06,720 --> 00:03:09,040 Speaker 6: We are still working to confirm that that target, in 57 00:03:09,160 --> 00:03:12,040 Speaker 6: fact was supposed to be former President Trump, and the 58 00:03:12,080 --> 00:03:14,960 Speaker 6: location was supposed to be here, and the day was 59 00:03:15,000 --> 00:03:18,480 Speaker 6: supposed to be today. We don't have any other additional information. 60 00:03:18,560 --> 00:03:20,960 Speaker 6: I do believe we have the picture of the suspect, 61 00:03:21,320 --> 00:03:23,040 Speaker 6: who we can put up right now. 62 00:03:23,200 --> 00:03:23,480 Speaker 1: Again. 63 00:03:23,520 --> 00:03:26,280 Speaker 6: I think you mentioned John. His name is Robert Ronald 64 00:03:26,440 --> 00:03:31,320 Speaker 6: Lee Servitt. He's a white male, six feet glasses, sixty 65 00:03:31,320 --> 00:03:34,960 Speaker 6: six years old. His last own address was in Benson, Arizona. 66 00:03:35,040 --> 00:03:38,440 Speaker 6: That's about our hour and twenty minute drive from the 67 00:03:38,440 --> 00:03:41,360 Speaker 6: city of Sierravice, about from where we're standing right now. 68 00:03:41,600 --> 00:03:44,360 Speaker 6: So the Sheriff of Coaches County is actually going to 69 00:03:44,440 --> 00:03:47,160 Speaker 6: be greeting the President today and is expected to be here. 70 00:03:47,200 --> 00:03:49,200 Speaker 6: So we're hoping that we can get some sort of 71 00:03:49,320 --> 00:03:53,040 Speaker 6: update from him. But yes, chilling information, a chilling update 72 00:03:53,320 --> 00:03:55,880 Speaker 6: to get as the President is headed here as we 73 00:03:55,920 --> 00:03:58,920 Speaker 6: do consider what happened earlier this summer, and also that 74 00:03:58,960 --> 00:04:02,280 Speaker 6: the president just returned earned to those outdoor rallies where 75 00:04:02,280 --> 00:04:05,040 Speaker 6: in fact he now has to have bulletproof glass in 76 00:04:05,080 --> 00:04:05,920 Speaker 6: front of his body. 77 00:04:06,080 --> 00:04:09,120 Speaker 1: Back to you, so you listen to this, and again 78 00:04:09,520 --> 00:04:12,200 Speaker 1: I tell you this because it shows that there are 79 00:04:12,240 --> 00:04:17,000 Speaker 1: people that were actually inspired by the assassination attempt on 80 00:04:17,040 --> 00:04:20,880 Speaker 1: Trump just weeks ago, to the point where now they're 81 00:04:20,920 --> 00:04:23,640 Speaker 1: having a man hunt for a man that said he 82 00:04:23,760 --> 00:04:26,839 Speaker 1: was going to take out Donald Trump. Now, Donald Trump 83 00:04:26,920 --> 00:04:30,760 Speaker 1: also went to the border and he talked about Kamway 84 00:04:30,800 --> 00:04:34,039 Speaker 1: Harris and the coop attempt against Joe Biden. Take a 85 00:04:34,120 --> 00:04:36,599 Speaker 1: listen to this. This was from the southern border. 86 00:04:36,720 --> 00:04:38,640 Speaker 2: It was taken out. It was a coup. 87 00:04:39,440 --> 00:04:43,120 Speaker 7: He got fourteen million votes and the person running now 88 00:04:43,160 --> 00:04:47,720 Speaker 7: got none. She was disgraced, she was figured out by 89 00:04:47,839 --> 00:04:49,320 Speaker 7: the Democrat voters. 90 00:04:49,920 --> 00:04:51,160 Speaker 2: She never made it to Iowa. 91 00:04:51,240 --> 00:04:54,240 Speaker 7: She was the first one out of approximately twenty two 92 00:04:54,279 --> 00:04:57,320 Speaker 7: people that were running for the Democrat nomination. She never 93 00:04:58,040 --> 00:05:03,799 Speaker 7: even made it to Iowa, beautiful place, Iowa, but she didn't. 94 00:05:03,839 --> 00:05:09,280 Speaker 7: Plenty of people did and Biden got fourteen million votes. 95 00:05:09,320 --> 00:05:11,560 Speaker 2: She got no votes, and now she's running against us. 96 00:05:12,360 --> 00:05:13,960 Speaker 7: The good news is, I think we're winning in the 97 00:05:14,000 --> 00:05:18,080 Speaker 7: polls based on what I'm seeing, and after the debate 98 00:05:18,120 --> 00:05:21,520 Speaker 7: we were winning by many points, as you know, against Biden. 99 00:05:21,560 --> 00:05:23,320 Speaker 7: They went in to see him. They said, you're losing, 100 00:05:23,360 --> 00:05:24,960 Speaker 7: You're not going to win, you can't win. We're going 101 00:05:25,000 --> 00:05:27,920 Speaker 7: to get you out. It was a coup of an 102 00:05:27,920 --> 00:05:32,000 Speaker 7: American president, and it was done with anger, and he's 103 00:05:32,040 --> 00:05:33,720 Speaker 7: more angry than anybody. 104 00:05:34,279 --> 00:05:36,080 Speaker 2: And I'm no fan of his. I think he was 105 00:05:37,040 --> 00:05:38,240 Speaker 2: perhaps the worst president. 106 00:05:38,320 --> 00:05:41,719 Speaker 7: He was the worst president, largely because of what's happened 107 00:05:41,720 --> 00:05:44,720 Speaker 7: at the border is allowed, in my opinion and in 108 00:05:44,800 --> 00:05:46,920 Speaker 7: the opinion of the gentleman behind me who know this 109 00:05:46,960 --> 00:05:49,480 Speaker 7: better than anybody, much more than twenty million people into 110 00:05:49,480 --> 00:05:56,200 Speaker 7: our country, many from prisons and jails, many from mental institutions, 111 00:05:56,279 --> 00:05:59,120 Speaker 7: insane asylums and many terrorists. 112 00:05:59,120 --> 00:06:03,000 Speaker 2: And this was when I left. This is a very famous. 113 00:06:02,640 --> 00:06:05,640 Speaker 7: Chart now because this chart probably saved my life. 114 00:06:05,800 --> 00:06:07,560 Speaker 2: But this chart is. 115 00:06:07,880 --> 00:06:12,200 Speaker 7: Showing the arrow on the bottom shows that this was 116 00:06:12,240 --> 00:06:15,479 Speaker 7: the lowest. This was the last week in office for 117 00:06:15,560 --> 00:06:20,880 Speaker 7: me because of a horrible, horrible election where I got 118 00:06:20,920 --> 00:06:23,080 Speaker 7: many millions more votes than I got the first time, 119 00:06:23,520 --> 00:06:25,559 Speaker 7: but didn't quite make it just a little bit short. 120 00:06:26,440 --> 00:06:27,960 Speaker 7: We've got to clean up our voters, we have to 121 00:06:27,960 --> 00:06:29,480 Speaker 7: clean up our elections, and we're not going to have 122 00:06:29,520 --> 00:06:32,440 Speaker 7: a country. But that's my last week. The arrow on 123 00:06:32,520 --> 00:06:34,279 Speaker 7: the bottom, you see, that's the lowest point. 124 00:06:34,320 --> 00:06:36,039 Speaker 2: As the gentlemen we're talking. 125 00:06:36,800 --> 00:06:40,720 Speaker 7: That's the lowest point in the recorded history of the border. 126 00:06:40,800 --> 00:06:43,200 Speaker 2: This was done by border patrol. This wasn't done by Trump. 127 00:06:43,680 --> 00:06:46,480 Speaker 7: This was done by Border patrol working with Ice and 128 00:06:46,880 --> 00:06:53,360 Speaker 7: law enforcement. And that's what we're gonna do again. If 129 00:06:53,400 --> 00:06:58,560 Speaker 7: you take a look interestingly at the all of the 130 00:06:58,600 --> 00:07:01,000 Speaker 7: wall that's laying on its side, that could have been 131 00:07:01,000 --> 00:07:02,240 Speaker 7: put up in a matter of weeks. 132 00:07:02,240 --> 00:07:03,240 Speaker 2: It was all set to go. 133 00:07:03,920 --> 00:07:06,600 Speaker 7: It was all cut out, and if you look at 134 00:07:06,640 --> 00:07:10,720 Speaker 7: the top of the mountain behind us, it was all shaped, 135 00:07:10,760 --> 00:07:12,280 Speaker 7: all ready to go. Could have been put up in 136 00:07:12,320 --> 00:07:15,320 Speaker 7: a few weeks. Much of it's been sold for five 137 00:07:15,400 --> 00:07:18,520 Speaker 7: cents on the dollar. It's very expensive. I worked with 138 00:07:18,600 --> 00:07:21,160 Speaker 7: Border Patrol very close, so we worked Brandon, We worked 139 00:07:21,200 --> 00:07:21,720 Speaker 7: with all. 140 00:07:21,600 --> 00:07:25,760 Speaker 2: Of Paul, all of your people, and we wanted. 141 00:07:25,440 --> 00:07:29,040 Speaker 7: To design something that worked. And we actually had mountain climbers. 142 00:07:29,800 --> 00:07:32,240 Speaker 7: We even had drug climbers. They call them drug climbers. 143 00:07:32,280 --> 00:07:35,320 Speaker 7: They can get over a wall like can it's so incredible. 144 00:07:35,320 --> 00:07:37,960 Speaker 7: With seventy five pounds of drugs on their back, they 145 00:07:37,960 --> 00:07:42,559 Speaker 7: can climb up things. And we designed this after looking 146 00:07:42,600 --> 00:07:45,520 Speaker 7: at a lot of different designs, and that's an anti 147 00:07:45,520 --> 00:07:50,000 Speaker 7: climb panel that makes it very tough for somebody to climb. 148 00:07:50,080 --> 00:07:52,119 Speaker 7: This was the one that was They wanted a little 149 00:07:52,120 --> 00:07:54,720 Speaker 7: more expensive version, but this is the one that's a 150 00:07:54,800 --> 00:07:58,880 Speaker 7: very important panel on top, and it's called anti climb. 151 00:07:59,600 --> 00:08:00,880 Speaker 2: And this was put in here. 152 00:08:00,840 --> 00:08:03,880 Speaker 7: Just to shade us because a lot of rough people 153 00:08:03,920 --> 00:08:06,280 Speaker 7: on the other side. So if you get you the media, 154 00:08:06,360 --> 00:08:09,320 Speaker 7: you want to be shaded. This gets taken off. This 155 00:08:09,440 --> 00:08:14,600 Speaker 7: is just temporary to shade us from potential hazard. We 156 00:08:14,680 --> 00:08:18,160 Speaker 7: know about hazards, but all of this wall was built 157 00:08:18,200 --> 00:08:21,480 Speaker 7: at great expense. And all it had to be erected. 158 00:08:21,520 --> 00:08:24,760 Speaker 7: We just had to be stood up on his end. 159 00:08:24,800 --> 00:08:28,239 Speaker 7: Concrete on the bottom goes down six feet. That also 160 00:08:28,280 --> 00:08:31,240 Speaker 7: went down and shielded from tunnels because we went down 161 00:08:31,280 --> 00:08:33,640 Speaker 7: about as far as it's practical for. 162 00:08:33,600 --> 00:08:34,240 Speaker 2: Them to go down. 163 00:08:34,640 --> 00:08:36,880 Speaker 1: Whatever Donald Trump was trying to do to protect the 164 00:08:36,960 --> 00:08:41,600 Speaker 1: southern border, they undid it, which is allowed for the chaos, anarchy. 165 00:08:41,640 --> 00:08:43,880 Speaker 1: And what are we talking about now, twenty million illegal 166 00:08:43,880 --> 00:08:47,160 Speaker 1: immigrants coming into this country. Those that they actually want 167 00:08:47,160 --> 00:08:50,480 Speaker 1: to give free housing too, and medical care and everything else. 168 00:08:50,559 --> 00:08:52,960 Speaker 1: This is what they do. Listen to more of what 169 00:08:53,000 --> 00:08:54,439 Speaker 1: Trump had to say about the wall. 170 00:08:54,720 --> 00:08:58,560 Speaker 7: Tunnels on the walls, we went down pretty deep. We'd 171 00:08:58,600 --> 00:09:00,560 Speaker 7: go down a lot deeper than the wall. Very tough 172 00:09:00,559 --> 00:09:03,920 Speaker 7: for them, and we stopped that and we stop people 173 00:09:04,000 --> 00:09:07,840 Speaker 7: from coming over. But when they refused to, I built 174 00:09:07,920 --> 00:09:09,920 Speaker 7: hundreds of miles of this, by the way, as far as. 175 00:09:09,840 --> 00:09:10,480 Speaker 2: The eye can see. 176 00:09:10,520 --> 00:09:13,360 Speaker 7: You look at the other direction, as far as the 177 00:09:13,400 --> 00:09:15,160 Speaker 7: eye could see, and then I'd hear people say, oh, 178 00:09:15,200 --> 00:09:15,880 Speaker 7: he didn't. 179 00:09:15,640 --> 00:09:16,960 Speaker 2: Build the wall. We built the wall. 180 00:09:17,440 --> 00:09:20,079 Speaker 7: We built much more than I was anticipated to build, 181 00:09:20,840 --> 00:09:23,280 Speaker 7: and we were going to build an extra two hundred 182 00:09:23,280 --> 00:09:25,520 Speaker 7: miles much of this as that, which is much more 183 00:09:25,559 --> 00:09:27,760 Speaker 7: than I said I was going to do, because as 184 00:09:27,800 --> 00:09:31,600 Speaker 7: we built it, they would go around the edges, so 185 00:09:31,640 --> 00:09:34,000 Speaker 7: we were going further and further out, and it worked. 186 00:09:34,040 --> 00:09:35,920 Speaker 7: We had the best numbers ever and we had him 187 00:09:36,120 --> 00:09:38,920 Speaker 7: largely because of the wall, and also because the Mexican 188 00:09:38,960 --> 00:09:42,240 Speaker 7: military helped us, which they never helped at any time. 189 00:09:42,360 --> 00:09:46,600 Speaker 7: They never helped, and we were very proud of it. 190 00:09:47,679 --> 00:09:50,560 Speaker 7: So we went from the best numbers and recorded history 191 00:09:50,600 --> 00:09:53,480 Speaker 7: to the worst numbers in recorded history or any other history. 192 00:09:54,480 --> 00:09:57,120 Speaker 7: And we have a Marxist that's running and I don't 193 00:09:57,160 --> 00:09:59,000 Speaker 7: think you can let her with. This country is not 194 00:09:59,080 --> 00:10:03,280 Speaker 7: ready for a Marxis president. She will never build the wall. 195 00:10:03,360 --> 00:10:05,760 Speaker 7: She doesn't want to build the wall. She's only saying 196 00:10:05,800 --> 00:10:08,520 Speaker 7: if she changes her mind. It's only because she wants 197 00:10:08,520 --> 00:10:11,440 Speaker 7: to get elected, because who wouldn't want to have a 198 00:10:11,600 --> 00:10:14,960 Speaker 7: strong border. You need strong borders and strong elections, and 199 00:10:15,000 --> 00:10:18,440 Speaker 7: we have neither. But we're going to have very strong borders, 200 00:10:18,480 --> 00:10:20,320 Speaker 7: or we're going to have very strong elections soon. 201 00:10:21,720 --> 00:10:24,840 Speaker 2: We are. The people is fed up. 202 00:10:26,120 --> 00:10:29,920 Speaker 7: It's common sense. The people are just fed up. And 203 00:10:30,000 --> 00:10:32,400 Speaker 7: you saw it. Everybody coming from the airport saw the 204 00:10:33,080 --> 00:10:36,360 Speaker 7: thousands and thousands of people lined up. It looked like 205 00:10:37,040 --> 00:10:41,240 Speaker 7: Lindbergh coming in from what he did at the time Broadway. 206 00:10:41,320 --> 00:10:44,160 Speaker 7: It was amazing when you see all those people for 207 00:10:44,880 --> 00:10:48,000 Speaker 7: long drive from the airport and so many thousands and 208 00:10:48,080 --> 00:10:50,480 Speaker 7: thousands of people, the people in my cars, I've never 209 00:10:50,480 --> 00:10:51,400 Speaker 7: seen anything like that. 210 00:10:52,520 --> 00:10:54,240 Speaker 2: We're in the middle of an area that's not. 211 00:10:54,200 --> 00:10:58,240 Speaker 7: Well populated and have thousands of people like that is 212 00:10:58,280 --> 00:11:00,720 Speaker 7: pretty unbelievable. I hope you got to see it, and 213 00:11:00,760 --> 00:11:03,240 Speaker 7: I hope the press writes this story fairly, because it's 214 00:11:03,280 --> 00:11:04,280 Speaker 7: a story. 215 00:11:05,400 --> 00:11:09,280 Speaker 2: Of disgrace. We had a Borders Are, Who the borders Are? 216 00:11:09,320 --> 00:11:11,160 Speaker 7: She loved the title, but she didn't want to do 217 00:11:11,200 --> 00:11:14,439 Speaker 7: the work, or she's lazy, And probably more importantly than 218 00:11:14,480 --> 00:11:15,440 Speaker 7: being lazy. 219 00:11:15,160 --> 00:11:17,920 Speaker 2: She wants to have an open border. 220 00:11:18,920 --> 00:11:20,840 Speaker 7: And you say, who would want an open border where 221 00:11:20,840 --> 00:11:24,000 Speaker 7: criminals can pour into our country? And all you have 222 00:11:24,040 --> 00:11:25,760 Speaker 7: to do is walk up there, if you have the 223 00:11:25,840 --> 00:11:28,040 Speaker 7: courage to do it, and go to that open section, 224 00:11:28,640 --> 00:11:30,480 Speaker 7: stand there for a little while, you'll be running back 225 00:11:30,520 --> 00:11:33,679 Speaker 7: here very quickly. You really have to write this fairly, 226 00:11:33,720 --> 00:11:36,520 Speaker 7: the story she people don't want to talk about the border. 227 00:11:36,520 --> 00:11:38,760 Speaker 7: You don't want to talk about the bad things that 228 00:11:38,840 --> 00:11:39,920 Speaker 7: are going on in our country. 229 00:11:39,920 --> 00:11:42,679 Speaker 2: We're going to end up not having a country. You're 230 00:11:42,720 --> 00:11:45,200 Speaker 2: not going to have any media. We don't have media. 231 00:11:45,240 --> 00:11:47,200 Speaker 2: They don't have media. They do their own media. They 232 00:11:47,200 --> 00:11:51,680 Speaker 2: don't need media. But you really should cover the story fairly. 233 00:11:51,760 --> 00:11:55,520 Speaker 7: Before I begin, I have some I think very good 234 00:11:55,600 --> 00:11:57,440 Speaker 7: words on the border and what to do and how 235 00:11:57,480 --> 00:11:58,360 Speaker 7: to solve the problem. 236 00:11:58,400 --> 00:11:59,880 Speaker 2: We had it solved. All they had to do is 237 00:12:00,400 --> 00:12:02,880 Speaker 2: leave it. Leave it, just leave it. 238 00:12:03,400 --> 00:12:06,640 Speaker 7: But before I begin, I want to address the fake 239 00:12:06,920 --> 00:12:10,040 Speaker 7: job numbers. On top of everything else fellaws. Fake jobs, 240 00:12:10,960 --> 00:12:14,280 Speaker 7: the fake job numbers that the Harris Biden administration has 241 00:12:14,320 --> 00:12:20,199 Speaker 7: been reporting for the last year. Thanks to a leaker yesterday, 242 00:12:20,360 --> 00:12:23,840 Speaker 7: meaning probably in this case, a patriot, they were forced 243 00:12:23,880 --> 00:12:30,400 Speaker 7: to release numbers. They claimed falsely that they did it 244 00:12:31,520 --> 00:12:35,360 Speaker 7: eight hundred and eighteen thousand jobs. So they said they 245 00:12:35,360 --> 00:12:39,040 Speaker 7: did almost a million jobs, eight hundred and eighteen thousand 246 00:12:39,120 --> 00:12:41,760 Speaker 7: jobs that actually didn't exist. 247 00:12:42,280 --> 00:12:44,559 Speaker 2: They were phantom jobs they call phantom jobs. 248 00:12:45,120 --> 00:12:47,320 Speaker 7: The reason they did that is because I was even 249 00:12:47,320 --> 00:12:49,440 Speaker 7: a little surprised their job numbers look better, Because I 250 00:12:49,480 --> 00:12:53,440 Speaker 7: know the economy is lousy. Everyone here knows it. It's lousy. 251 00:12:53,520 --> 00:12:56,520 Speaker 2: These people behind me know it's lousy. 252 00:12:56,920 --> 00:12:59,080 Speaker 7: We have the worst inflation, I believe in the history 253 00:12:59,120 --> 00:13:02,600 Speaker 7: of our country, and that's absolutely killing people. 254 00:13:03,000 --> 00:13:06,600 Speaker 2: But it's eight hundred and eighteen thousand. 255 00:13:06,240 --> 00:13:08,520 Speaker 7: Jobs, almost a million, And these are just the jobs 256 00:13:08,559 --> 00:13:11,120 Speaker 7: we found out about. There are there's a lot of 257 00:13:11,160 --> 00:13:13,520 Speaker 7: other false things that now are being looked at. That 258 00:13:13,640 --> 00:13:19,880 Speaker 7: number will increase. So they reported false numbers and this 259 00:13:19,920 --> 00:13:20,720 Speaker 7: isn't a revision. 260 00:13:20,760 --> 00:13:22,280 Speaker 2: There's never been anything like this. 261 00:13:22,280 --> 00:13:27,640 Speaker 7: This is a fraud put out by Harris and by Biden, 262 00:13:28,679 --> 00:13:31,000 Speaker 7: and they were going to release the real numbers. It's 263 00:13:31,040 --> 00:13:35,160 Speaker 7: called a revision after the election, but it got found 264 00:13:35,200 --> 00:13:38,640 Speaker 7: out before the election, and I hope you're going to. 265 00:13:38,559 --> 00:13:39,199 Speaker 2: Write about it. 266 00:13:39,240 --> 00:13:42,200 Speaker 7: But it's a big story, and it's a story that's 267 00:13:42,600 --> 00:13:45,720 Speaker 7: going to be going very far. People very upset about it, 268 00:13:45,760 --> 00:13:50,520 Speaker 7: including government officials, are very upset about it. Even people 269 00:13:50,520 --> 00:13:52,760 Speaker 7: that are Democrats are very because it's a pure fraud. 270 00:13:53,320 --> 00:13:55,040 Speaker 7: You know, when you have a revision, you have a 271 00:13:55,080 --> 00:13:56,800 Speaker 7: few jobs one way or the other, and they get 272 00:13:56,840 --> 00:13:58,840 Speaker 7: it straight at the end of the month. But this 273 00:13:58,920 --> 00:14:01,960 Speaker 7: one was sheltered for a long time and they wanted 274 00:14:02,000 --> 00:14:03,920 Speaker 7: to release it after November fifth. 275 00:14:04,160 --> 00:14:06,040 Speaker 2: I wonder why you. 276 00:14:06,000 --> 00:14:08,600 Speaker 1: Know you talk about this story and it is a 277 00:14:08,640 --> 00:14:11,800 Speaker 1: huge story. Donald Trump put it out there, said, massive scandal. 278 00:14:11,800 --> 00:14:16,120 Speaker 1: The Harris Biden administration has been caught fraudulently manipulating job 279 00:14:16,160 --> 00:14:19,480 Speaker 1: statistics to hide the tricks to the economic ruin that 280 00:14:19,520 --> 00:14:23,000 Speaker 1: they have inflicted upon America. New data from the Bureau 281 00:14:23,000 --> 00:14:26,160 Speaker 1: of Labor Statistics shows that the administration padded the numbers 282 00:14:26,800 --> 00:14:30,280 Speaker 1: with an extra eight hundred and eighteen thousand jobs that 283 00:14:30,440 --> 00:14:34,680 Speaker 1: do not exist and never did. The real numbers are 284 00:14:34,760 --> 00:14:40,200 Speaker 1: much worse than that. And if Comrade Kamala gets another 285 00:14:40,240 --> 00:14:44,960 Speaker 1: four years, millions more jobs will vanish overnight, and inflation 286 00:14:45,000 --> 00:14:48,080 Speaker 1: will completely destroy our country. Your life savings will be 287 00:14:48,080 --> 00:14:50,600 Speaker 1: wiped out. With the Trump victory, we will once again 288 00:14:51,320 --> 00:14:55,480 Speaker 1: have the greatest economy in history. By the way, I 289 00:14:55,520 --> 00:14:56,880 Speaker 1: think there's a lot of people that look at that 290 00:14:56,960 --> 00:15:00,200 Speaker 1: and say, you're probably right, but this is a He 291 00:15:00,280 --> 00:15:04,800 Speaker 1: just described it a massive scandal, and the cover up 292 00:15:04,840 --> 00:15:09,200 Speaker 1: from it should be headline news. They just lied to 293 00:15:09,240 --> 00:15:12,840 Speaker 1: you and just made it all up. And if it 294 00:15:12,960 --> 00:15:15,960 Speaker 1: wasn't for a leaker, if it wasn't for in essence, 295 00:15:16,000 --> 00:15:20,520 Speaker 1: a whistleblower who came through and was like, hey, this 296 00:15:20,600 --> 00:15:25,440 Speaker 1: is a lie. Okay, Like this isn't true. We wouldn't 297 00:15:25,480 --> 00:15:28,480 Speaker 1: have known this till after election day because this is 298 00:15:28,520 --> 00:15:33,640 Speaker 1: all about a coronation of Kamwa Harris accepting the nomination 299 00:15:34,160 --> 00:15:37,600 Speaker 1: without ever having anyone cast a vote for her, zero 300 00:15:37,720 --> 00:15:42,120 Speaker 1: primary votes, thirty two days without a press conference. Again, 301 00:15:42,200 --> 00:15:46,760 Speaker 1: this is who she is. This is the campaign that 302 00:15:46,800 --> 00:15:49,840 Speaker 1: they are running. They lie to you about him being 303 00:15:49,840 --> 00:15:51,600 Speaker 1: a coach from his assistant coach. They lied to you 304 00:15:51,640 --> 00:15:53,520 Speaker 1: about his service. He lied to you about his service. 305 00:15:53,560 --> 00:15:55,800 Speaker 1: He lied to you about seeing combat referring to Wallas. 306 00:15:56,000 --> 00:15:57,920 Speaker 1: She lies to you about the economy. She lies to 307 00:15:57,960 --> 00:16:01,880 Speaker 1: you about the numbers of people that have jobs. All 308 00:16:01,920 --> 00:16:05,240 Speaker 1: of this is just a flat out lie, and they're 309 00:16:05,320 --> 00:16:09,640 Speaker 1: hoping that we're too stupid, that we are too dumb 310 00:16:11,040 --> 00:16:16,320 Speaker 1: to figure out that the economy is actually bad. They're 311 00:16:16,360 --> 00:16:21,040 Speaker 1: hoping that we'll never understand that, which is totally and 312 00:16:21,200 --> 00:16:25,440 Speaker 1: utterly insane. I will say this because I do think 313 00:16:25,480 --> 00:16:27,080 Speaker 1: this is what it comes down to and what we're 314 00:16:27,080 --> 00:16:30,520 Speaker 1: going to learn this election is one simple thing. Because 315 00:16:30,560 --> 00:16:32,600 Speaker 1: we gave up education, and we gave it up to 316 00:16:32,640 --> 00:16:35,120 Speaker 1: those on the left, because we gave it up to 317 00:16:35,160 --> 00:16:37,240 Speaker 1: the radicals, on the left and we handed over our 318 00:16:37,320 --> 00:16:41,240 Speaker 1: kids and the public schools to them. The question is 319 00:16:41,280 --> 00:16:43,840 Speaker 1: going to end up being this, were they able to 320 00:16:43,880 --> 00:16:46,360 Speaker 1: turn this country into a communist country because they have 321 00:16:46,480 --> 00:16:49,000 Speaker 1: kids that are so dumb that came through the system, 322 00:16:49,000 --> 00:16:50,320 Speaker 1: that don't know how to read, don't know how to 323 00:16:50,320 --> 00:16:52,520 Speaker 1: do writing, don't know how to do arithmetic, don't understand 324 00:16:52,560 --> 00:16:58,000 Speaker 1: any of this. That's the big question, Okay. That for 325 00:16:58,120 --> 00:17:01,480 Speaker 1: me is to tell all have we lost this country? 326 00:17:01,520 --> 00:17:05,240 Speaker 1: Because in one generation you can change a country, and 327 00:17:05,280 --> 00:17:09,119 Speaker 1: Democrats have been playing the long game. We're going to 328 00:17:09,240 --> 00:17:12,480 Speaker 1: find that out, and it's scary, but we're going to 329 00:17:12,560 --> 00:17:17,400 Speaker 1: find it out. On election day, Kamala Harris making her 330 00:17:17,440 --> 00:17:20,320 Speaker 1: speech to America, but others around are also making their 331 00:17:20,359 --> 00:17:22,560 Speaker 1: speech to you about why you need to elect them 332 00:17:22,560 --> 00:17:28,840 Speaker 1: as a party. Senator Elizabeth Warren going full Socialists USSR style, 333 00:17:28,920 --> 00:17:31,600 Speaker 1: saying we need the housing for everyone, and we need 334 00:17:31,600 --> 00:17:34,600 Speaker 1: to make changes as a nation, and we're ready to 335 00:17:34,680 --> 00:17:39,200 Speaker 1: do it, meaning the government would subsidize everyone's housing, everyone 336 00:17:39,200 --> 00:17:40,040 Speaker 1: would be the same. 337 00:17:40,800 --> 00:17:43,560 Speaker 8: I think we all probably took something a little different 338 00:17:43,640 --> 00:17:48,440 Speaker 8: out of that sustained applause that you got. 339 00:17:48,520 --> 00:17:50,520 Speaker 2: I felt it was like this pent up. 340 00:17:50,600 --> 00:17:54,120 Speaker 8: I won't say frustration, because that's too negative of a word, 341 00:17:54,600 --> 00:18:00,520 Speaker 8: but pent up energy for progressives, for the progressive cause, 342 00:18:01,359 --> 00:18:04,640 Speaker 8: and it once again is underlined in this convention as 343 00:18:04,720 --> 00:18:09,280 Speaker 8: Kamala Harris is firmly holding a place in the center 344 00:18:09,880 --> 00:18:11,360 Speaker 8: of American politics. 345 00:18:13,160 --> 00:18:16,240 Speaker 2: To me, progressives have. 346 00:18:16,320 --> 00:18:21,280 Speaker 8: Done exactly what the base in Trump's Republican Party have 347 00:18:21,480 --> 00:18:26,560 Speaker 8: not done. Progressives have been patient, they have been practical, 348 00:18:27,200 --> 00:18:32,920 Speaker 8: they have been pragmatic, and they actually forgive me for 349 00:18:33,640 --> 00:18:39,240 Speaker 8: using Ronald Reagan's name here speaking of progressives, but Reagan's 350 00:18:39,280 --> 00:18:43,640 Speaker 8: attitude was if I get seventy percent, if I get 351 00:18:43,720 --> 00:18:47,400 Speaker 8: seventy five percent of what I need, I. 352 00:18:47,359 --> 00:18:48,560 Speaker 2: Don't consider that a loss. 353 00:18:48,880 --> 00:18:53,960 Speaker 8: And I've been blown away throughout Biden's administration and even 354 00:18:54,000 --> 00:18:54,920 Speaker 8: this convention. 355 00:18:54,920 --> 00:18:57,399 Speaker 2: That progressives have said, we're in it to win it. 356 00:18:57,920 --> 00:19:02,199 Speaker 8: And I felt last night was that eruption was for 357 00:19:02,359 --> 00:19:06,880 Speaker 8: you and for progressives across America that say we're here. 358 00:19:07,359 --> 00:19:12,000 Speaker 9: Yeah, because we are in it to make the changes 359 00:19:12,080 --> 00:19:14,959 Speaker 9: that America wants us to make. You know, it's so 360 00:19:15,200 --> 00:19:17,400 Speaker 9: easy for people to kind of get into this whole 361 00:19:17,440 --> 00:19:21,400 Speaker 9: centrism then progress it the reality is the things that 362 00:19:21,480 --> 00:19:24,840 Speaker 9: we are fighting for are the things that are popular 363 00:19:25,000 --> 00:19:25,720 Speaker 9: in America. 364 00:19:26,119 --> 00:19:28,080 Speaker 5: We talk about things like gun safety. 365 00:19:28,440 --> 00:19:32,359 Speaker 9: Golly, ninety percent of Americans want to see us make change. 366 00:19:32,440 --> 00:19:36,159 Speaker 9: And it's not just Democrats, Democrats, independence, Republicans. 367 00:19:36,800 --> 00:19:39,320 Speaker 5: We want to see child care. 368 00:19:39,600 --> 00:19:42,320 Speaker 9: Two out of every three Americans say, yeah, this is 369 00:19:42,400 --> 00:19:45,359 Speaker 9: crazy that we are a nation that doesn't make it 370 00:19:45,480 --> 00:19:49,280 Speaker 9: possible for parents to be able to go to work 371 00:19:49,400 --> 00:19:53,359 Speaker 9: and know that their kids have safe, affordable child care. 372 00:19:53,840 --> 00:19:56,320 Speaker 9: And you can just do this issue through issue and 373 00:19:56,359 --> 00:19:59,240 Speaker 9: the issues we're still fighting for. We have got to 374 00:19:59,240 --> 00:20:03,720 Speaker 9: make major investments in housing. We need more housing in 375 00:20:03,760 --> 00:20:06,280 Speaker 9: this country, housing for everyone. 376 00:20:06,680 --> 00:20:09,240 Speaker 5: We need to make change. 377 00:20:08,920 --> 00:20:11,040 Speaker 9: As a nation, and we are ready to do it. 378 00:20:11,200 --> 00:20:14,360 Speaker 9: We're not going to stand on the sidelines and say, oh, 379 00:20:14,480 --> 00:20:16,520 Speaker 9: should have done it this way, could have done it 380 00:20:16,560 --> 00:20:18,960 Speaker 9: that way. We're going to say we're willing to get 381 00:20:18,960 --> 00:20:22,520 Speaker 9: in the fight. We're willing to take how hard it 382 00:20:22,560 --> 00:20:25,879 Speaker 9: is and the bumps and the bruises, and to just 383 00:20:26,040 --> 00:20:31,000 Speaker 9: keep pushing forward and make the changes that this nation needs. 384 00:20:31,240 --> 00:20:32,080 Speaker 5: That's what we're going to do. 385 00:20:33,400 --> 00:20:37,240 Speaker 1: That's what we're going to do. We need housing for 386 00:20:37,320 --> 00:20:39,840 Speaker 1: everyone who need to make changes as a nation. What 387 00:20:40,000 --> 00:20:43,280 Speaker 1: is the change it is going to socialism, to a 388 00:20:43,440 --> 00:20:47,440 Speaker 1: USSR style government, and they're openly now talking about it. 389 00:20:48,200 --> 00:20:54,119 Speaker 1: Kamala Harris advocating for this as well. Elizabeth Warren was 390 00:20:54,160 --> 00:20:58,280 Speaker 1: on CNBC this morning in a very heated interview. They 391 00:20:58,320 --> 00:21:03,640 Speaker 1: clashed over price gouging and he kept continuing at CNBC 392 00:21:03,800 --> 00:21:06,000 Speaker 1: to try to speak a little bit of like truth 393 00:21:06,359 --> 00:21:11,719 Speaker 1: right about price gouging, and she was getting beat up 394 00:21:11,800 --> 00:21:15,720 Speaker 1: pretty bad. Her response was, well, you don't ever let 395 00:21:15,760 --> 00:21:19,760 Speaker 1: me talk, which he clearly did. Lidwis Warren this morning 396 00:21:19,840 --> 00:21:22,880 Speaker 1: on CNBC trying to defend these communist ideas. 397 00:21:23,040 --> 00:21:25,000 Speaker 10: Take a look look at the Washington Post, and if 398 00:21:25,040 --> 00:21:27,200 Speaker 10: you lose the Washington Post as a Democrat, you've got 399 00:21:27,240 --> 00:21:31,639 Speaker 10: some serious problems. This is what they said about about 400 00:21:31,640 --> 00:21:35,800 Speaker 10: the price gouging letter or the price control legislation. It 401 00:21:35,920 --> 00:21:39,160 Speaker 10: was really pillory from both sides of the aisle. Even 402 00:21:40,000 --> 00:21:42,280 Speaker 10: Jason Furman, I don't know if you saw some of 403 00:21:42,280 --> 00:21:46,080 Speaker 10: his comments. He said, it's not good policy and it 404 00:21:46,119 --> 00:21:47,480 Speaker 10: could actually do more. 405 00:21:47,320 --> 00:21:48,640 Speaker 2: Harm than good. 406 00:21:48,720 --> 00:21:51,800 Speaker 10: And I can paint you a picture of how that 407 00:21:51,880 --> 00:21:54,280 Speaker 10: would work and how it's worked in the past, where 408 00:21:54,320 --> 00:21:58,800 Speaker 10: we've tried to artificially hold prices down, competition doesn't come in. 409 00:21:59,160 --> 00:22:02,640 Speaker 10: People don't like beef is too high. People don't move 410 00:22:02,680 --> 00:22:05,480 Speaker 10: the chicken. The competitors don't come in to undercut where 411 00:22:05,480 --> 00:22:08,280 Speaker 10: the beef prices are. Nothing works when you try to 412 00:22:08,440 --> 00:22:12,919 Speaker 10: artificially control prices. It's just a supply and demand issue. 413 00:22:13,000 --> 00:22:14,040 Speaker 2: It's a flawed idea. 414 00:22:14,960 --> 00:22:16,760 Speaker 5: So did you have a question here? 415 00:22:17,240 --> 00:22:19,840 Speaker 10: Yes, why would you propose a flawed idea when the 416 00:22:19,880 --> 00:22:22,320 Speaker 10: real problem? So, if you really want to hold the 417 00:22:22,359 --> 00:22:25,000 Speaker 10: middle class, if you really sincerely want to help people 418 00:22:25,080 --> 00:22:28,280 Speaker 10: having trouble at the grocery store, it's not price gouging. 419 00:22:28,280 --> 00:22:29,160 Speaker 10: That's the issue. 420 00:22:29,280 --> 00:22:30,520 Speaker 2: And if you look at it. 421 00:22:30,440 --> 00:22:33,199 Speaker 10: Seriously and really want to help them, then let's do 422 00:22:33,320 --> 00:22:34,439 Speaker 10: something about it together. 423 00:22:34,640 --> 00:22:38,040 Speaker 9: Fine, I understand if you want to do a lecture 424 00:22:38,040 --> 00:22:40,199 Speaker 9: about this, but let's just start with where have you 425 00:22:40,280 --> 00:22:45,880 Speaker 9: been for the last thirty years? As three dozen states 426 00:22:46,600 --> 00:22:50,240 Speaker 9: have price gouging laws and they have used them effectively. 427 00:22:50,560 --> 00:22:55,680 Speaker 9: States like Texas and Florida they've used price gouging laws. 428 00:22:55,720 --> 00:22:59,959 Speaker 9: Price gouging laws are not price control. Price gouging law 429 00:23:00,320 --> 00:23:04,800 Speaker 9: are to say, you know, sometimes markets go off the rails, 430 00:23:05,400 --> 00:23:08,960 Speaker 9: and when they do, we need some ways to get 431 00:23:09,000 --> 00:23:11,920 Speaker 9: them back on the rails. We need some curbs on 432 00:23:12,000 --> 00:23:16,240 Speaker 9: that behavior. So, for example, we watched in the pandemic 433 00:23:16,760 --> 00:23:19,320 Speaker 9: how prices went up for a whole lot of reasons. 434 00:23:19,359 --> 00:23:22,880 Speaker 9: They went out partly because we had supply chain kinks. 435 00:23:23,000 --> 00:23:26,720 Speaker 9: We had problems because of the war in Ukraine that 436 00:23:27,480 --> 00:23:31,879 Speaker 9: cut supplies of certain commodities. And one of the things 437 00:23:31,960 --> 00:23:34,640 Speaker 9: that happened as a result of that is there were 438 00:23:34,680 --> 00:23:39,960 Speaker 9: corporations that said, WHOA, now that we have inflation, now 439 00:23:40,000 --> 00:23:44,000 Speaker 9: that prices are up overall, this is a great opportunity 440 00:23:44,080 --> 00:23:48,720 Speaker 9: for us to raise prices, not just in passing along costs. 441 00:23:48,760 --> 00:23:52,760 Speaker 5: But to go way way way above that. 442 00:23:53,280 --> 00:23:56,120 Speaker 9: And what how do we know that it was way 443 00:23:56,200 --> 00:24:01,000 Speaker 9: way above just passing along costs. Look what happened to 444 00:24:01,080 --> 00:24:04,080 Speaker 9: their profit margins. If they just been passing a long cost, 445 00:24:04,440 --> 00:24:08,240 Speaker 9: profit margins would have stayed about the same. But for 446 00:24:08,680 --> 00:24:13,200 Speaker 9: some industries, some companies, profit margins shot up. 447 00:24:13,240 --> 00:24:14,600 Speaker 5: And you know where they shot up. 448 00:24:14,680 --> 00:24:19,400 Speaker 9: Most often it was in companies or in industries where 449 00:24:19,400 --> 00:24:22,679 Speaker 9: there was a lot of concentration, a lot of market power, 450 00:24:23,200 --> 00:24:27,439 Speaker 9: places where the market is not functioning competitively. So you 451 00:24:27,600 --> 00:24:29,640 Speaker 9: end up with someone you remember we all talked about 452 00:24:29,680 --> 00:24:33,160 Speaker 9: egg prices. You end up with something like this giant 453 00:24:33,240 --> 00:24:40,080 Speaker 9: egg producer cal Maine and Coalmine raises the price of eggs, 454 00:24:40,840 --> 00:24:47,040 Speaker 9: their profit margins increase by seven hundred and eighteen percent. 455 00:24:47,600 --> 00:24:50,879 Speaker 9: That's not just passing a long cost and that is 456 00:24:50,920 --> 00:24:53,600 Speaker 9: a time in industry. 457 00:24:53,960 --> 00:24:57,280 Speaker 10: In your example, can. 458 00:24:57,280 --> 00:24:59,359 Speaker 5: I finished you finished first? 459 00:25:00,320 --> 00:25:04,320 Speaker 9: In any think the individually around six country that already 460 00:25:04,400 --> 00:25:05,480 Speaker 9: have price gouging? 461 00:25:05,560 --> 00:25:08,480 Speaker 10: Can I tell you why that? Those are fallacious and 462 00:25:08,520 --> 00:25:11,560 Speaker 10: misleading at best? And the craft your craft analogy is 463 00:25:11,600 --> 00:25:12,639 Speaker 10: even why can't I tell you? 464 00:25:12,680 --> 00:25:12,920 Speaker 2: Please? 465 00:25:13,000 --> 00:25:15,720 Speaker 10: Let me tell you craft? You say was four hundred 466 00:25:15,720 --> 00:25:20,480 Speaker 10: and profit increase? The example you used the prior quarter 467 00:25:20,560 --> 00:25:24,000 Speaker 10: from the year before, they had a charge of. 468 00:25:23,960 --> 00:25:25,000 Speaker 2: One point three. 469 00:25:24,800 --> 00:25:28,560 Speaker 10: Billion dollars, an accounting change which wiped out profits. 470 00:25:28,720 --> 00:25:30,480 Speaker 5: Then they earned what they normally could. 471 00:25:30,800 --> 00:25:33,359 Speaker 10: They finished now they fought, they earned and. 472 00:25:33,280 --> 00:25:36,000 Speaker 5: Let me finish. Look at the data. 473 00:25:36,080 --> 00:25:40,040 Speaker 9: Come on, we have economic study now after economic studies 474 00:25:40,760 --> 00:25:42,320 Speaker 9: show when there. 475 00:25:42,240 --> 00:25:50,159 Speaker 10: Is more forty million eggstration. 476 00:25:48,119 --> 00:25:52,240 Speaker 9: In an industry, we have seen much greater increases. 477 00:25:53,119 --> 00:25:54,800 Speaker 2: Can you attribute the inflation? 478 00:25:55,400 --> 00:25:58,160 Speaker 5: That's what you think we need to do to random? 479 00:25:58,440 --> 00:26:01,840 Speaker 9: They are not random one off. It is part of 480 00:26:01,960 --> 00:26:06,840 Speaker 9: the problem when you've got companies that are gouging consumers 481 00:26:06,920 --> 00:26:10,879 Speaker 9: on prices. Consumers need to know they've got somebody on 482 00:26:10,920 --> 00:26:15,800 Speaker 9: their we're trying to help, we're trying to actually do six. 483 00:26:16,080 --> 00:26:19,440 Speaker 9: Where are you in the thirty six thirty seven states 484 00:26:19,480 --> 00:26:24,480 Speaker 9: that currently have Pricelogically, we're. 485 00:26:24,359 --> 00:26:26,080 Speaker 11: Never going to work. 486 00:26:26,280 --> 00:26:26,920 Speaker 2: This is the way. 487 00:26:26,960 --> 00:26:29,200 Speaker 10: You never lose an argument because no one can ever 488 00:26:29,240 --> 00:26:30,320 Speaker 10: say anything back to you. 489 00:26:31,760 --> 00:26:35,520 Speaker 1: Laws I mean, c NBC, you could just tell they'd 490 00:26:35,520 --> 00:26:38,720 Speaker 1: had it with her because she's just straight up lying 491 00:26:38,840 --> 00:26:42,439 Speaker 1: and not answering the question. You never lose an argument 492 00:26:42,480 --> 00:26:45,000 Speaker 1: because no one can ever say anything back to you. 493 00:26:45,119 --> 00:26:47,480 Speaker 1: And and that's absolutely right. Like if you're asked a 494 00:26:47,520 --> 00:26:52,040 Speaker 1: tough question, just don't you know, just keep filibustering, just 495 00:26:52,160 --> 00:26:56,240 Speaker 1: keep lying, just just just keep saying this stuff over 496 00:26:56,359 --> 00:26:59,560 Speaker 1: and over and over again. Now you could hear the 497 00:26:59,600 --> 00:27:03,879 Speaker 1: main the main house was very frustrated. The main host 498 00:27:04,040 --> 00:27:07,600 Speaker 1: was angry. The main host was like, this is how 499 00:27:07,640 --> 00:27:09,520 Speaker 1: you went arguments. You don't let anybody else speak, You 500 00:27:09,520 --> 00:27:12,600 Speaker 1: don't you don't actually have to explain anything when you're challenged. 501 00:27:12,600 --> 00:27:15,440 Speaker 1: You don't answer the question. And they brought in then 502 00:27:15,480 --> 00:27:17,800 Speaker 1: one of the other hosts on squat Box, so like, okay, 503 00:27:17,880 --> 00:27:20,840 Speaker 1: let's see if you can get anywhere with her. It 504 00:27:20,840 --> 00:27:22,840 Speaker 1: didn't go much better. Keep listening. 505 00:27:23,080 --> 00:27:25,359 Speaker 11: Take a They look at us when a state of 506 00:27:25,400 --> 00:27:27,600 Speaker 11: emergency is declared, and they, for the most part say, 507 00:27:27,600 --> 00:27:30,240 Speaker 11: if your prices go up ten or fifteen percent compared 508 00:27:30,280 --> 00:27:32,600 Speaker 11: to before that state of emergency, you have to pay 509 00:27:32,600 --> 00:27:33,160 Speaker 11: a fine. 510 00:27:33,359 --> 00:27:34,720 Speaker 5: So on a national. 511 00:27:34,400 --> 00:27:37,159 Speaker 11: Level, how exactly would this work? Would you define the 512 00:27:37,200 --> 00:27:39,359 Speaker 11: state of emergency? Does it have to be declared on 513 00:27:39,400 --> 00:27:41,679 Speaker 11: a national level? Are you then talking about a ten 514 00:27:41,720 --> 00:27:44,199 Speaker 11: or fifteen percent increase in prices versus prior to that 515 00:27:44,280 --> 00:27:47,520 Speaker 11: declaration and then companies have to pay a fine. Okay, fine, 516 00:27:47,560 --> 00:27:50,040 Speaker 11: maybe that applies in one percent of the situations. But 517 00:27:50,160 --> 00:27:52,879 Speaker 11: this legislation, which is still vague, as making it sound 518 00:27:53,040 --> 00:27:56,800 Speaker 11: like something on the scale of broad price controls would 519 00:27:56,840 --> 00:28:00,000 Speaker 11: be imposed broadly speaking, So which of the two systems? 520 00:28:00,600 --> 00:28:04,440 Speaker 9: So it is not price controls. This is about when 521 00:28:04,480 --> 00:28:08,919 Speaker 9: the market itself is not functioning. Sometimes markets don't function 522 00:28:09,040 --> 00:28:16,119 Speaker 9: because there's been a localized emergency, a hurricane, a wildfire, flooding, 523 00:28:16,680 --> 00:28:21,200 Speaker 9: and so in states that have these price gouging laws, 524 00:28:21,240 --> 00:28:23,600 Speaker 9: they can come in and say, look, you can do 525 00:28:23,720 --> 00:28:27,639 Speaker 9: some price increases, but if you're going above a certain level, 526 00:28:27,800 --> 00:28:30,080 Speaker 9: you have to be able to justify it you have. 527 00:28:30,640 --> 00:28:32,600 Speaker 9: What you're doing is past the long cause. 528 00:28:32,359 --> 00:28:36,000 Speaker 10: Would it becompany, Senator, let's get let's go back to 529 00:28:36,040 --> 00:28:40,640 Speaker 10: Cowmane because avian flu caused the destruction of forty million eggs. 530 00:28:41,280 --> 00:28:44,120 Speaker 10: They have twenty percent market share. They have twenty percent, 531 00:28:44,320 --> 00:28:47,680 Speaker 10: but they don't control the market. It's like ope, or 532 00:28:47,720 --> 00:28:51,760 Speaker 10: it's like oil. When oil prices go up for whatever reason, or. 533 00:28:51,680 --> 00:28:52,360 Speaker 2: They go down. 534 00:28:52,680 --> 00:28:55,360 Speaker 10: When they go down, the price is set for oil. 535 00:28:55,640 --> 00:28:59,600 Speaker 10: The reason that Cowmane made that money was because that's 536 00:28:59,640 --> 00:29:02,800 Speaker 10: what under the price. The next quarter they went down 537 00:29:02,920 --> 00:29:05,880 Speaker 10: in half. They lost fifty percent of the profits from 538 00:29:05,880 --> 00:29:06,200 Speaker 10: the West. 539 00:29:06,360 --> 00:29:07,880 Speaker 2: They don't set that price. 540 00:29:08,400 --> 00:29:11,760 Speaker 10: That's the and neither do the Exon does not set 541 00:29:11,800 --> 00:29:15,160 Speaker 10: the price of oil. So when Exon has eighty dollars 542 00:29:15,280 --> 00:29:18,000 Speaker 10: or one hundred dollars a barrel, yes they make record profits. 543 00:29:18,240 --> 00:29:21,800 Speaker 10: When there was a pandemic, their profits went to almost zero. 544 00:29:22,320 --> 00:29:25,320 Speaker 10: Now it's just the way it is. And to think 545 00:29:25,360 --> 00:29:28,400 Speaker 10: that the government can decide when prices are too high 546 00:29:28,520 --> 00:29:31,520 Speaker 10: or too low. The grossery chains have a two percent 547 00:29:31,600 --> 00:29:35,520 Speaker 10: profit margin. How about Apple with fifty percent or forty percent? 548 00:29:35,760 --> 00:29:38,280 Speaker 10: How do you decide this is not the government's place 549 00:29:38,360 --> 00:29:41,320 Speaker 10: to do these things. It's a fool's errand and it 550 00:29:41,440 --> 00:29:45,000 Speaker 10: also is you're using it to divert the real cause 551 00:29:45,040 --> 00:29:48,200 Speaker 10: of inflation over the last four years, which was because 552 00:29:48,400 --> 00:29:52,760 Speaker 10: you had demand after the pandemic, which which obviously you 553 00:29:52,800 --> 00:29:56,440 Speaker 10: know there was a lot because we reopened and all 554 00:29:56,480 --> 00:29:59,040 Speaker 10: of a sudden, there's supply chain issues and the demand 555 00:29:59,160 --> 00:30:02,479 Speaker 10: is juiced by all the stimulus from the IRA and 556 00:30:02,520 --> 00:30:04,040 Speaker 10: all the other spending that we did. 557 00:30:04,560 --> 00:30:08,880 Speaker 9: There have been many causes for inflation. We all understand that. 558 00:30:08,880 --> 00:30:11,360 Speaker 9: That's where I started my answer in talking about this. 559 00:30:12,000 --> 00:30:16,239 Speaker 9: But one of the causes of prices going up is 560 00:30:16,280 --> 00:30:20,120 Speaker 9: that there are companies that have market dominance that have said, oh, 561 00:30:20,920 --> 00:30:22,920 Speaker 9: this is a moment when everyone give. 562 00:30:22,800 --> 00:30:25,760 Speaker 10: Me another name, name another one, give me an instance. 563 00:30:25,360 --> 00:30:28,960 Speaker 9: Please, can you give me an instant finish my argument here, 564 00:30:29,080 --> 00:30:34,600 Speaker 9: go ahead. That they have gone on earnings calls and said, 565 00:30:34,840 --> 00:30:39,040 Speaker 9: over and over, inflation has been very very good. 566 00:30:39,560 --> 00:30:41,520 Speaker 5: Go listen to the earnings calls from the. 567 00:30:41,480 --> 00:30:46,240 Speaker 9: CEO of Chapulti who says, this is an opportunity not 568 00:30:46,360 --> 00:30:50,400 Speaker 9: to pass along costs, this is an opportunity for us 569 00:30:50,480 --> 00:30:56,200 Speaker 9: to raise prices beyond passing along costs and increase our 570 00:30:56,320 --> 00:31:00,840 Speaker 9: profit margins. What the academic studies I let you finish. 571 00:31:01,440 --> 00:31:06,520 Speaker 9: What the academic studies show is that industry by industry, 572 00:31:06,760 --> 00:31:11,760 Speaker 9: when you see more competition, which suggests more pricing power, 573 00:31:12,280 --> 00:31:17,280 Speaker 9: what we saw is that profit margins went up. And 574 00:31:17,440 --> 00:31:21,600 Speaker 9: that's the problem we've got is that states have tools 575 00:31:21,640 --> 00:31:25,360 Speaker 9: to deal with this locally, but right now we want 576 00:31:25,400 --> 00:31:28,480 Speaker 9: to make sure that the FTC has the tools to 577 00:31:28,520 --> 00:31:32,080 Speaker 9: do it nationally and that the states that don't have 578 00:31:32,160 --> 00:31:35,760 Speaker 9: price gouging laws also have access to those. 579 00:31:35,560 --> 00:31:37,720 Speaker 5: Same tools we have in the same way. 580 00:31:38,560 --> 00:31:43,320 Speaker 9: In the same way that the FTC, for example, has 581 00:31:43,440 --> 00:31:47,520 Speaker 9: tools to be able to deal with deceptive pricing and 582 00:31:47,680 --> 00:31:53,040 Speaker 9: deceptive advertising, it should have the ability to deal with 583 00:31:53,160 --> 00:31:57,280 Speaker 9: price gouging. It's just another tool in the toolbox to 584 00:31:57,360 --> 00:32:02,160 Speaker 9: say wegetative more a state of emergency as the whole 585 00:32:03,160 --> 00:32:06,520 Speaker 9: companies learn how to let you finish your I know, 586 00:32:06,560 --> 00:32:08,800 Speaker 9: but now on here. 587 00:32:08,600 --> 00:32:09,680 Speaker 5: Just a lecture to me. 588 00:32:10,200 --> 00:32:11,440 Speaker 10: No, I just want to ask you. 589 00:32:12,120 --> 00:32:17,040 Speaker 9: Points is to get markets that are more competitive, and 590 00:32:17,160 --> 00:32:18,960 Speaker 9: that's the job of the FTC. 591 00:32:19,360 --> 00:32:21,880 Speaker 5: That's something state attorneys general will work on. 592 00:32:22,400 --> 00:32:24,560 Speaker 9: We just want to put one more tool in the 593 00:32:24,640 --> 00:32:28,760 Speaker 9: toolbox when CEOs are going on the phone saying Floyd, 594 00:32:28,920 --> 00:32:31,240 Speaker 9: inflation is great because it gives us a chance to 595 00:32:31,280 --> 00:32:32,120 Speaker 9: know it's. 596 00:32:32,040 --> 00:32:33,320 Speaker 2: Not about it. 597 00:32:33,600 --> 00:32:35,800 Speaker 1: By the way, I love how she assumes that every 598 00:32:35,840 --> 00:32:39,600 Speaker 1: single CEO right now is having this conversation, as she 599 00:32:39,680 --> 00:32:42,040 Speaker 1: describes it, that, oh, inflation is great. We get to 600 00:32:42,120 --> 00:32:44,720 Speaker 1: raise our prices. It doesn't matter how much you raise 601 00:32:44,760 --> 00:32:47,720 Speaker 1: your prices if your profits are down. Does she have 602 00:32:47,760 --> 00:32:50,560 Speaker 1: any idea how many businesses have gone out of business 603 00:32:50,600 --> 00:32:54,600 Speaker 1: because of inflation. How many restaurants are closing right now 604 00:32:54,640 --> 00:32:58,040 Speaker 1: because no one's eating out because of inflation. You have 605 00:32:58,480 --> 00:33:02,760 Speaker 1: record number in sales that are happening right now, that 606 00:33:02,800 --> 00:33:06,880 Speaker 1: does not mean you have record number in profits on 607 00:33:07,000 --> 00:33:13,120 Speaker 1: those sales. Kroger had a massive last quarter grocery store chain. 608 00:33:13,600 --> 00:33:16,160 Speaker 1: They also had a profit of less than two percent. 609 00:33:17,040 --> 00:33:20,280 Speaker 1: All those stores, all that overhead, all that stress, all 610 00:33:20,320 --> 00:33:23,080 Speaker 1: those employees, all of everything that you have to do 611 00:33:23,160 --> 00:33:25,200 Speaker 1: with every day, with the prices changing on your shelves 612 00:33:25,240 --> 00:33:27,240 Speaker 1: every day, what you're paying for them, and they had 613 00:33:27,280 --> 00:33:29,840 Speaker 1: a lesson two percent profit margin. But she says, well, 614 00:33:29,880 --> 00:33:32,600 Speaker 1: they had record sales, so therefore that means record profits. 615 00:33:32,680 --> 00:33:36,400 Speaker 1: No it doesn't. That is a lie. You notice the 616 00:33:36,680 --> 00:33:40,600 Speaker 1: just the total arrogance here. She doesn't care. She's obsessed 617 00:33:40,600 --> 00:33:43,400 Speaker 1: with bringing socialism to America. They believe like this is 618 00:33:43,440 --> 00:33:47,440 Speaker 1: their moment to do it. Walmart, record sales doesn't mean 619 00:33:47,480 --> 00:33:52,600 Speaker 1: record profits. Costco record sales, it doesn't mean record profits. 620 00:33:53,560 --> 00:33:56,760 Speaker 1: Make sure you share this podcast please with your family 621 00:33:56,840 --> 00:34:00,320 Speaker 1: and your friends, Share it on social media where ever 622 00:34:00,440 --> 00:34:02,360 Speaker 1: you can, and I'll see you back here tomorrow