Speaker 1: Broadcasting live from the Abraham Lincoln Radio Studio, the George
Speaker 1: Washington Broadcast Center, Jack Armstrong, Joe Getty arm Strong and
Speaker 1: Jettie and now he Armstrong and Jetty. So there are
Speaker 1: three or four books coming out this spring with the
Speaker 1: behind the scenes on the whole Joe Biden, he's senile
Speaker 1: and we're hiding at Kamala Harris thing.
Speaker 2: You probably that's right wing conspiracy theory, You lunatic.
Speaker 1: He's got a stutter. You probably remember that whole story.
Speaker 1: He's got a stutter. I'm right, And there's another one
Speaker 1: out in the Guided An Interview. We're gonna play some
Speaker 1: clips here in a second, but before we get to that,
Speaker 1: this hasn't gotten much attention, I guess partially because what's
Speaker 1: the point now? But Miranda Devine, pointing out in the
Speaker 1: New York Poe New FBI chat logs, revealed the extraordinary
Speaker 1: gag order that senior leadership used to shut down the
Speaker 1: Hunter Biden laptop discussion. Oh yeah, and it's just you know,
Speaker 1: it's it's all in the history books now. But and
Speaker 1: then you know everybody always claims, well, that sort of
Speaker 1: thing couldn't happen.
Speaker 2: Now, Well, I was gonna say. That's why you pay
Speaker 2: attention to it. You've got to understand what the the
Speaker 2: dangers are and work to build systems that won't allow
Speaker 2: them to happen again.
Speaker 1: The conversation's withheld by the FBI under Director Chris Ray
Speaker 1: show that senior leadership issued an internal gag order on
Speaker 1: the laptop. Here's the key thing you need to know.
Speaker 1: When everyone in the country should know, but only half
Speaker 1: the country knows. The FBI was in position of Hunter
Speaker 1: Biden's laptop for ten months before the story broke in
Speaker 1: the New York Post. They'd had it from the you know,
Speaker 1: the computer owner or whatever like that, and their analysts
Speaker 1: quickly to determined right after they got it that the
Speaker 1: laptop did belong to Hunter, had not been tampered with
Speaker 1: in anyway, and and could be used as evidence in court.
Speaker 1: It was the real deal. All that stuff was true.
Speaker 1: Nobody had messed with it. It was They decided that
Speaker 1: ten months before the story broke, and then was immediately
Speaker 1: turned into a this is a misinformation can't be printed,
Speaker 1: you know the whole thing there. FBI kept their mouths shut.
Speaker 2: We're not gonna waste our time or our listener's time
Speaker 2: with this story. Yeah, I wish they'd told those fifty
Speaker 2: three whatever it was intelligence professionals that indeed it was legit.
Speaker 1: That's too bad and almost I don't know about certainly,
Speaker 1: but you can make a decent argument that Trump would
Speaker 1: have won if that story had been pursued the way
Speaker 1: it should have been pursued.
Speaker 2: Well, it's a change so massive in the landscape that, yeah,
Speaker 2: you can't say that's not true.
Speaker 1: And even if you hate Trump a lot, you can't
Speaker 1: be in favor of hiding the fact that the sitting
Speaker 1: president's son was all kinds of a crook and had
Speaker 1: all these business dealings with all these different companies and
Speaker 1: the money and it's all very confusing and it doesn't
Speaker 1: look good. So the hiding that, you can't be in
Speaker 1: favor of that, even if you hate Trump, Right, we
Speaker 1: can't have that in a presidential election.
Speaker 2: Yeah, the FBI ought to be restrained about releasing details
Speaker 2: of ongoing investigations, obviously, but so selective they leaked like
Speaker 2: a sieve. If it was detrimental Trump, just unforgivable.
Speaker 1: Any who. So this is a guy named Jonathan Allen,
Speaker 1: respected reporter, got a book out called Fight. He did
Speaker 1: an interview today on Fox and Friends about what he
Speaker 1: has learned or didn't know, or is telling us now
Speaker 1: about the whole Biden Kannalla hairr selection thing. Here we go.
Speaker 3: You know, there's this incredible moment on the day that
Speaker 3: Joe Biden decides to get out of the race. He's
Speaker 3: been getting all this pressure, and he calls her up
Speaker 3: and it's been reported, the very broad outlines were reported.
Speaker 3: As he tells her he's getting out, she says, are
Speaker 3: you sure? He says yes, and that's it. There were
Speaker 3: actually two phone calls between them because she had to
Speaker 3: beg Joe Biden to make a quick endorsement right as
Speaker 3: soon as he gets out. She's got to get the delegates,
Speaker 3: she's got to get her whip operation, call all the
Speaker 3: members of Congress, the governors, whatever. And Biden's like, I'm
Speaker 3: getting out. I might endorse you like on Thursday, like
Speaker 3: a few days later. I want to take a victory
Speaker 3: lab but soak in my moment. And she's like, Joe,
Speaker 3: you have got to endorse me. And so they go
Speaker 3: back and forth on this before Biden does it.
Speaker 1: If you remember the timeline of this, I mean from
Speaker 1: the debate until he finally stepped down. There are many
Speaker 1: days that she knew he is stepping down. Everybody knew
Speaker 1: it was gonna happen, just when, so she wanted to
Speaker 1: be lined up for that. Let's roll on.
Speaker 3: Obama definitely did not think she should be the Democratic nominee.
Speaker 1: He would not endorse that day either.
Speaker 3: He would not endorse that day either. She talked to him.
Speaker 3: He said to her, I don't want to put my
Speaker 3: thumb on the scale. She was disappointed, but not necessarily shocked,
Speaker 3: because he's been behind the scenes trying to undermine her
Speaker 3: for the last several weeks before Biden even got out.
Speaker 2: Funny, I'm torn because you could make the argument, Well, no,
Speaker 2: they withheld the endorsement because they believed rightly that there
Speaker 2: should be a vigorous, if short, primary process to let
Speaker 2: the strongest survive and become their candidate.
Speaker 1: They wouldn't have believed that it was Josh Shapiro that
Speaker 1: was the vice president.
Speaker 3: No.
Speaker 2: No, the reality is they withheld the endorsement because she's
Speaker 2: a half wit and has no talent, no political talent whatsoever.
Speaker 1: Wow, So she knew Obama was working behind the scenes
Speaker 1: to try to Yeah, she should probably get some credit
Speaker 1: for organizing the way she did to manage to get
Speaker 1: the Uh.
Speaker 2: Oh, you know what, Yeah, she and her team I
Speaker 2: stand corrected. They have that much political talent. They knew
Speaker 2: how to whip up support in a big hurry to
Speaker 2: make it look like she had to be the nominee
Speaker 2: to avoid all the chaos. They did a good job
Speaker 2: of that. Yes, means a good job to the point
Speaker 2: that they like convinced their party that this dope should
Speaker 2: be the nominee. You know what, I stand seriously corrected.
Speaker 2: You gotta tip your cap.
Speaker 1: Well, yes, so she's She and her people are good
Speaker 1: at this, which book was after the one of these
Speaker 1: sort of tell all books came out by real reporters
Speaker 1: after the twenty twenty election pointing out what a great
Speaker 1: job she did of knifing When it was when Biden
Speaker 1: was trying to decide who to be his running mate,
Speaker 1: anybody's name popped up, she had an operation in plan
Speaker 1: to get them knifed in the public press, get a
Speaker 1: story out about him, a negative story that would just
Speaker 1: you know, ruin their chances. Yeah, and she was able
Speaker 1: to and Biden at that time. I guess his brain
Speaker 1: still worked enough, having been in DC his whole life.
Speaker 1: He knew that's what was going on. So if somebody's
Speaker 1: name popped, got floated and then they got shut down,
Speaker 1: he knew Kamala Harris was working behind the scenes, and
Speaker 1: that's what he liked about her. He thought, Okay, she understands,
Speaker 1: you know, how this whole game works. But how has
Speaker 1: she got that talent but nothing else? Or maybe she
Speaker 1: people with that talent and she can't she has nothing herself.
Speaker 1: I don't know. Let's hear a little more from this reporter.
Speaker 3: Yeah, he needed a fluorescent tape on the Florida Show
Speaker 3: where to Go. He needed telepropters to talk to small groups,
Speaker 3: small donor groups. He would put on makeup early in
Speaker 3: the morning to do cabinet meetings and then sometimes do
Speaker 3: the makeup and not do the meetings right. So they
Speaker 3: all knew that there was a level of decline. I
Speaker 3: think there were varying appreciations for that. We talked to
Speaker 3: one person who said it was particularly steep in early
Speaker 3: twenty twenty four. But they were doing risk mitigation. How
Speaker 3: do we make it less likely that Joe Biden falls
Speaker 3: apart in front of the world. And look, if you
Speaker 3: like the train wreck of what happened on the Democratic
Speaker 3: side with all these cars piling up and all these
Speaker 3: political leaders at odds with each other and being wrong
Speaker 3: about a lot of things.
Speaker 1: This book's for you. So when I originally heard that
Speaker 1: he put on makeup to look less old, well, everybody
Speaker 1: on TV does that. But if he was doing that
Speaker 1: to go into his cabinet meetings for like, for the
Speaker 1: other people in the room, yeah, that's a slightly different thing. Well,
Speaker 1: and I saw him on TV plenty and it didn't work. No,
Speaker 1: maybe he looked less old than he would have, but
Speaker 1: he looked like a man in the very final stages
Speaker 1: of life. How about they put on the makeup and
Speaker 1: then he doesn't go to the cabinet meeting because somebody realizes, yes,
Speaker 1: isn't the day media, He can't go be around people today?
Speaker 2: Right, Yeah, Jonathan Allen didn't mention that. But there's a
Speaker 2: real day to day.
Speaker 1: What kind of day is it going to be if
Speaker 1: anybody's dealt with the tragedy of you know, mental deterioration
Speaker 1: with age, I think we got one more.
Speaker 3: Yeah, it's sort of this amazing talent that Trump has
Speaker 3: for being in the moment and also seeing it from outside,
Speaker 3: sort of being a stage manager, if you will, and
Speaker 3: he's watching Joe Biden fall a party, seeing these answers
Speaker 3: go terribly. I think people will remember that moment where
Speaker 3: Trump says, I don't know what he just said, and
Speaker 3: I don't think he does either. It's sympathetic, I mean
Speaker 3: for Trump with an opponent on stage, you know, typically
Speaker 3: he's not particularly sympathetic, but in this case, he's looking
Speaker 3: at Biden. He's like, this looks harrow and he starts
Speaker 3: thinking to himself, how do I keep hitting this guy
Speaker 3: without looking like a jerk because the media is going
Speaker 3: to talk about how I went off the rails, and
Speaker 3: I need to just kind of keep it in and
Speaker 3: not not look like a jerk, not come off poorly.
Speaker 3: And so he reins it in. But that's what's going on,
Speaker 3: according to our sources, in Trump's mind as he's on
Speaker 3: the stage with Joe Biden.
Speaker 1: Wow, that's really interesting. And he played that well because
Speaker 1: if you remember when one of the Castro Brothers yelled
Speaker 1: at Trump during a debate, all right, Biden.
Speaker 2: Appropriately named communist Castro Brothers.
Speaker 1: Yes, he yelled at Biden during a Democratic debate. So
Speaker 1: did you forgot already, you forget already, and he just
Speaker 1: he came off as an a hole, right. Yeah. Trump
Speaker 1: let it hang out there and didn't because he could
Speaker 1: have jumped in and said that sort of thing. Look
Speaker 1: at him, he's senile, he's a mess. He just let it.
Speaker 1: He knew because he understands TV and media. He knew
Speaker 1: all the damage was being done right there next to him.
Speaker 1: He didn't need to do that. Yeah, that is pretty
Speaker 1: well played. Yeah. Oh wow, Well, Gollie G. Turns out
Speaker 1: everything we were saying was exactly correct at the time.
Speaker 1: Soon anyway, has there ever been a more exciting couple
Speaker 1: of weeks since I don't know, Ford Theater in the
Speaker 1: United States politics? Because all that happened so fast, the convention,
Speaker 1: Trump being shot, the debate and all that sort of
Speaker 1: stuff was just, oh my god.
Speaker 2: And now, speaking of exciting weeks, we have giant changes
Speaker 2: in trade policy, for instance, the tariff thing. We will
Speaker 2: get back into that in a few moments. First, though,
Speaker 2: you've been delightful in eating your vegetables, so we've got
Speaker 2: dessert next segment. Do you have the original Clipmichael that
Speaker 2: we talked about, Go ahead and hit that.
Speaker 4: I'm just curious just to better understand your ruling. If
Speaker 4: someone on this committee then starts talking about somebody's bleach blind,
Speaker 4: bad built bush body, that would not be engaging in personalities.
Speaker 1: What now, Chairman, I make a motion. We'll go ahead.
Speaker 2: We'll leave it there for now. We'll play the whole
Speaker 2: thing coming back. Well, evidently somebody has made a song
Speaker 2: out of them.
Speaker 1: Of course they have. I think this a required by
Speaker 1: the constitution. So we've got that on the way. Stay here.
Speaker 5: Armstrong Wakefield High is a guinea pig of sorts. Students
Speaker 5: are expected to store their phones in this magnetic locking
Speaker 5: pouch throughout the day. At first there was resistance.
Speaker 4: People were putting dents and holes in the wall, like
Speaker 4: there are tables we had to get fixed.
Speaker 1: Right after we got them. When I walked into the cafeteria,
Speaker 1: all you hear is like the like it's sounded like gunshots.
Speaker 5: Greg Cabana, a government teacher at Wakefield, noticed it too.
Speaker 6: The fact that they're banging pouches around the cafeteria trying
Speaker 6: to unlock their phone. This is proving our point right
Speaker 6: here of how meaningful and how powerful that phone is.
Speaker 1: There are different versions of no phones in schools, I've noticed,
Speaker 1: and it makes a difference. I want it to happen
Speaker 1: at any school my kid ever goes to. But some
Speaker 1: of them it's no phone in the classroom. You can
Speaker 1: still like look at it in between classes over lunch hour.
Speaker 1: I like this. You put it in a some sort
Speaker 1: of lock box the beginning of school and you don't
Speaker 1: see it again to the end of the day.
Speaker 2: So that was the early reaction of the policy. They
Speaker 2: were trying desperately to get them out. But what happened next.
Speaker 5: Student care in Mine says it's led to a new
Speaker 5: kind of engagement.
Speaker 1: Even just like at lunch you like talk to each other,
Speaker 1: you know, like people bring games to class.
Speaker 5: You never experienced that kind of engagement. Well, it was
Speaker 5: just like and maybe not since kindergarten, maybe not since preschool.
Speaker 5: When the students and teachers here say, less isolation has
Speaker 5: meant less interpersonal conflict.
Speaker 1: There were a lot less fights. I haven't seen any
Speaker 1: of this year.
Speaker 5: The movement to restrict cell phones in classrooms is growing,
Speaker 5: with nine states having already passed a ban or restricted
Speaker 5: cell phone use in schools.
Speaker 1: Do it everywhere immediately? Yeah, there's a difference between the
Speaker 1: restriction and the band though. I want the ban I
Speaker 1: want the you lock it up when you get there
Speaker 1: and you won't see it again until the end. Because
Speaker 1: that lunch hour thing. I don't doubt that a bit.
Speaker 1: And the fights aside, even without that, I don't doubt that.
Speaker 1: Day one. It's obviously different. Yes, with the kids interacting,
Speaker 1: it hurts my heart to hear them. And kids were
Speaker 1: talking and playing games. Yeah, we all freaking did for
Speaker 1: all of human history. Oh back when we had fun,
Speaker 1: and even if you were a little down, you wouldn't
Speaker 1: contemplate suicide anyway. Oh yeah, I know, I know. Technology
Speaker 1: is a double edged sword. Anyway.
Speaker 2: We can talk about that all day. I feel strongly
Speaker 2: about it, but let's move on. I would love to
Speaker 2: play the entire verbal battle between Jasmine Crockett and Marjorie
Speaker 2: Taylor Green a year or two ago, whatever it was
Speaker 2: during a house hearing. It was one of the most
Speaker 2: entertaining Miao miow Congressional cat fights in American history.
Speaker 1: Here's a little bit of it.
Speaker 4: I'm just is just to better understand your ruling. If
Speaker 4: someone on this committee then starts talking about somebody's bleach blonde,
Speaker 4: bad built, butsh body, that would not be engaging in personalities.
Speaker 1: Correct, what now.
Speaker 7: Chairman, I make I make a motion to strike those
Speaker 7: I don't think that's all trying to find clarification on
Speaker 7: what qual emotion.
Speaker 4: Said.
Speaker 7: We're not gonna We're not gonna do this like you
Speaker 7: guys earlier.
Speaker 1: Literally just you.
Speaker 2: Just remember an MTG said something about he probably is
Speaker 2: you can't see through your false eyelashes or something.
Speaker 1: And that's good stuff. That's good stuff.
Speaker 2: Anyway, here's an artist by the name of King Wallonius,
Speaker 2: and there is a twist coming up, but first dig
Speaker 2: his soulful sounds.
Speaker 1: I find this depression. Don't don't play with me. Why
Speaker 1: didn't you explain why you find it depressing? Because it's Ai.
Speaker 1: It's AI, that's right. Barry Gordy is considered one of
Speaker 1: the great musical geniuses of all time for coming up
Speaker 1: with that kind of music and recording it. Apparently you
Speaker 1: can just tell AI to do it, because that is
Speaker 1: really good.
Speaker 2: And Aretha Franklin slash a young Tina Turner maybe were
Speaker 2: once in a generation talents in a computer just essentially
Speaker 2: made them again. Oh singing that song and Supremes the
Speaker 2: background singers there. Uh yeah, that's that's just weird man.
Speaker 1: So what I'm interesting because our producer Hanson was talking
Speaker 1: about this guy does it? So what is his talent?
Speaker 1: Because I don't understand this. I haven't messed around with
Speaker 1: AI enough. What is Does he have a marketable talent
Speaker 1: for being able to put together AI music? Well? Could
Speaker 1: anybody do it? Yeah?
Speaker 2: That's we were momentarily confused because Hanson's like, in guessquad,
Speaker 2: it's AI. I've got a link to the artist who
Speaker 2: produced it, and I'm like, wait, which one is it?
Speaker 2: This guy, evidently, and this is based on the little
Speaker 2: I know about it, is skilled enough in manipulating the
Speaker 2: prompts to, through various iterations, perfect the idea he has
Speaker 2: in his head of what the song ought to sound like.
Speaker 1: I wonder if it'd be like, make it a little
Speaker 1: more like young Tina Turner, No, no, no, a little
Speaker 1: more it would it be like that? Yeah?
Speaker 2: Yeah, a little arethau and then you know, equing it
Speaker 2: and doing the things music producers do. But yeah, well
Speaker 2: wouldn't It'd be great when we're freed up by AI
Speaker 2: to never have to create any more art.
Speaker 1: That's good? What Armstrong and Getty?
Speaker 8: The President announced that baseline ten percent tariff on all
Speaker 8: US imports effective April fifth, and then nations that the
Speaker 8: President considers to be bad actors are facing additional duties. China,
Speaker 8: for instance, gets a total of fifty four percent, Vietnam
Speaker 8: forty six percent, thirty two percent for Taiwan, twenty four
Speaker 8: percent for Japan, and the EU was hit with twenty percent.
Speaker 8: The baseline ten goes into effect on Friday, while about
Speaker 8: sixty countries facing those higher reciprocal tariffs will see those
Speaker 8: rates going to effect April ninth at twelve oh one am.
Speaker 1: Sixty countries deemed bad actors. You're a bad actor, pushing
Speaker 1: the US overall weighted average tariff among the sixty countries
Speaker 1: to twenty five four percent. That's the highest and over
Speaker 1: one hundred years, and likely headed to hiss high as
Speaker 1: twenty seven percent once more expected moves are made.
Speaker 2: And it is literally those numbers you threw around half
Speaker 2: of what those other countries charge our manufacturer not mentioned enough.
Speaker 1: Why isn't that mentioned more often?
Speaker 2: Because it absolutely undermines the Trump is an idiot narrative
Speaker 2: or Trump is a maniac. Well, I just think it
Speaker 2: makes it way more interesting, so I agree completely. I
Speaker 2: didn't know Europe was hitting us with dang near fifty
Speaker 2: percent tariff on everything all these years, and so when
Speaker 2: we raise it to half that it's a trade war.
Speaker 2: I honestly, I mean, I'm not advocating a position. I
Speaker 2: don't know enough about this topic to advocate a position.
Speaker 2: I just don't understand as a novice, why Europe hitting
Speaker 2: us with almost fifty percent tariffs and then US coming
Speaker 2: back with twenty or whatever.
Speaker 1: It is is a trade war as opposed to I
Speaker 1: don't know it. It's not. A German economic minister just
Speaker 1: said Trump will quote buckle under pressure if Europe hits
Speaker 1: back at tariffs. You've already hit us with tariffs like
Speaker 1: high tariffs. Yeah, you've been hitting us with fifty, We're
Speaker 1: gonna hit you with twenty. You're gonna you're gonna lash
Speaker 1: back at us and punish us for that. I I
Speaker 1: hate what this is doing to my savings and investments.
Speaker 1: I haven't looked at I haven't I should go to
Speaker 1: four oh one k dot com and see what it
Speaker 1: is today.
Speaker 2: And I'm a tad concerned about how this plays out
Speaker 2: in the medium term. And honestly, even if Trump is
Speaker 2: one hundred percent right about everything. That doesn't mean it
Speaker 2: is going to work out the way he says it's
Speaker 2: going to not clear if he has enough time, and
Speaker 2: and like like so many things.
Speaker 1: Why you need that third term? Right, Like so many things.
Speaker 2: The fact that it's executive orders as opposed to congressional
Speaker 2: you know laws, Uh, it means that it could be
Speaker 2: reversed pretty quickly and easily by the next guy to
Speaker 2: come along or gal theoretically. So having said that, though
Speaker 2: I hear the arguments in favor of what he's doing,
Speaker 2: and I find them much much, much more persuasive than
Speaker 2: the arguments against. At this point, we are getting hammered
Speaker 2: with unfair tariffs, have been since WW two is over
Speaker 2: for good enough reasons. We had to get the world's
Speaker 2: economies back on their feet. Otherwise we would have had
Speaker 2: nobody to sell our stuff to. But my question would
Speaker 2: be when was when is that supposed to go on forever?
Speaker 1: Well?
Speaker 2: Right, yeah, exactly, That's that's where I am too. Now
Speaker 2: that I've seen the actual numbers, let me click over
Speaker 2: to them. Your opinion, Union on average charges US thirty
Speaker 2: nine percent we'll call it forty percent in tariffs on
Speaker 2: US goods now, The new Trump's trade war punitive tariffs
Speaker 2: is twenty percent half that Vietnam hits us with ninety
Speaker 2: percent tariffs. We're saying, okay, we're hitting you with forty
Speaker 2: six percent. Taiwan, our good buddy, hit with sixty four
Speaker 2: percent tariffs. They depend on us, so I said before,
Speaker 2: to keep shesen Ping from nude sunbathing on their beach
Speaker 2: with the Red Army.
Speaker 1: Were it not for us, he'd be doing that.
Speaker 2: Today they hit us with sixty four Trump said, okay, fine,
Speaker 2: We're gonna hit you with thirty two. That's the trade war.
Speaker 2: Is it disruptive? Oh hell yeah. Is it shaking up
Speaker 2: all of Wall Street's expectations and plans?
Speaker 1: Oh yeah.
Speaker 2: Are people getting out of stocks at least temporarily because
Speaker 2: they're betting on them going down?
Speaker 1: Yep?
Speaker 2: But how does it play out over two years, five years,
Speaker 2: twenty five years. This is either a debacle or Trump
Speaker 2: will be looked upon as an FDR like figure.
Speaker 1: But in a good way. I hate the stock market analysis.
Speaker 1: I always have. As I've said for many years, economic
Speaker 1: reporting is the dumbest reporting in America. And also there's
Speaker 1: this whenever a Republican does something that causes the stock
Speaker 1: market to go down. Democrats act like the most important
Speaker 1: thing in the world is what big business wants to do. Right,
Speaker 1: They hate big business, they hate capitalism, they hate the
Speaker 1: Wall Street crowd. But it goes down because of a
Speaker 1: Republican decision. The most holy thing we should all look
Speaker 1: to for where we're happy or not, is what Wall
Speaker 1: Street thinks.
Speaker 2: Right's hilarious. Yeah, you people are something. Let's go ahead
Speaker 2: and do Howard Lutnik fifty two's the secretary of Commerce.
Speaker 6: European Union won't take chicken from America. They won't take
Speaker 6: lobsters from America. They hate our beef because our beef
Speaker 6: is beautiful and theirs is weak. It's unbelievable they won't.
Speaker 6: We can't sell corn to India, we can't sell rice
Speaker 6: to Asia.
Speaker 1: Now, the European Union as a whole, this is not
Speaker 1: the way that you look at it. Economies, but it's
Speaker 1: almost as big as ours. So why do they get
Speaker 1: to exclude a bunch of products because of the devastation
Speaker 1: of World War Two? But if we do it, it's something awful.
Speaker 2: By the way, I've adopted your beef as weak as
Speaker 2: my new insult.
Speaker 1: I'm going to go to a steakhouse and say, I'd
Speaker 1: like your beautiful beef, not your week beef. Don't be
Speaker 1: bringing me your week stuff.
Speaker 2: Jd Vance, he's the vice president, Jack Clip fifty eight.
Speaker 9: I wouldn't think of tax cuts as a way to
Speaker 9: offset the tariffsto. Here's the way that I think about
Speaker 9: it is, again, for forty years, we've had an economy
Speaker 9: that rewards people who ship American jobs overseas and raises
Speaker 9: taxes on American workers, and we're flipping that on its head.
Speaker 9: We're going to cut taxes for American workers and for
Speaker 9: American companies that build here. We're going to make it
Speaker 9: harder to ship American jobs overseas.
Speaker 1: It's a total.
Speaker 9: Shift and the way that we've done economic policy in
Speaker 9: the United States of America.
Speaker 1: But it was necessary. So, yeah, we're going to cut
Speaker 1: your taxes.
Speaker 9: You're going to have more money in your pocket, and
Speaker 9: that's of course going to help you deal with the
Speaker 9: cost of inflation. But that's not about offsetting the tariffs.
Speaker 9: They work together penalized people for shipping our jobs overseas.
Speaker 9: We want to reward hard working Americans. It's all part
Speaker 9: of the same policy.
Speaker 1: M I don't like it when say people say penalize.
Speaker 1: What's Canada's uh tariff on us? What do they do
Speaker 1: to us? Because I'm watching the Canadian Prime minister up
Speaker 1: there talking about how Trump's tariffs are so miskits. The
Speaker 1: old guy wearing his panties are the new guy. I
Speaker 1: don't think they have a new guy. It's the new guy. Nah,
Speaker 1: they don't have they haven't had an election yet. Well,
Speaker 1: they call him the Canadian prime minister. Is that the
Speaker 1: guy right there? No, the guy that was just honest,
Speaker 1: He was the Canadians right, fair enough? Uh, he's a
Speaker 1: caretaker jack. Well, that's true.
Speaker 2: Uh, where's Canada stand by? They're not listed in alphabetical order.
Speaker 2: They don't have Canada on this chart. I'll have to
Speaker 2: look it up.
Speaker 1: Trudeau had to step down because he's going through menopause.
Speaker 1: Well played, What was I going to say? You've distracted me?
Speaker 1: Now as you want to do fifty two B?
Speaker 2: Michael? Do you have that? I don't have a time
Speaker 2: on it. It's not like five minutes long, is it.
Speaker 1: That's right.
Speaker 6: The story I was trying to tell you is that
Speaker 6: when we took cars from Korea in twenty twelve when
Speaker 6: I grew up, there was no Korean cars in America.
Speaker 6: When we took cars from Korea, the deal was we
Speaker 6: could sell ag to Korea.
Speaker 1: That was the deal.
Speaker 6: They wouldn't let McDonald's bring in French fries because they
Speaker 6: couldn't prove the origin of the French fry.
Speaker 1: That is not a tariff.
Speaker 6: That is called a non tariff trade barrier.
Speaker 1: They take their.
Speaker 6: Taxes and they subsidize their steel industry, or they subsidize
Speaker 6: their energy, or they subsidize they give the tax back
Speaker 6: to their car manufacturer.
Speaker 1: This stuff has got to stop. America's got to stop.
Speaker 6: Being exploited, and you're going to see America prosper. And
Speaker 6: then and only then will Donald Trump make a deal
Speaker 6: with each country when they've really really changed their ways.
Speaker 6: Then they go stack down the road, but not run
Speaker 6: back off.
Speaker 1: And that's not off.
Speaker 6: That is, let the deal maker make his deals when
Speaker 6: and only if these countries can change everything about themselves,
Speaker 6: which I doubt they will.
Speaker 1: Hey, lady, you can't say so, you'll braack off down
Speaker 1: the road. That's not dway Negotia and it works. Wow, man,
Speaker 1: the media sucks. Yes, Katie, Canada is charging the United
Speaker 1: States to twenty five percent tariff and our beautiful fifty
Speaker 1: for state.
Speaker 2: And there are other non trade barriers too that Canada
Speaker 2: protects its beef, I think, or that sort of thing.
Speaker 2: The non trade barriers or I'm sorry, non tariff trade
Speaker 2: barriers are an important.
Speaker 1: Facet of this.
Speaker 2: It's much more complicated than your talking head morons make it.
Speaker 2: South Korea, by the way, our great close ally who
Speaker 2: again Kim Jong oun would be sucking down sushi in Gangnam?
Speaker 2: Took me a minute to come up with that, remember
Speaker 2: that son?
Speaker 1: Anyway? Where was I?
Speaker 2: Oh, Kim Jong owned be sugging out sushi and Gangnam
Speaker 2: right now?
Speaker 1: If it wasn't for the USA.
Speaker 2: South Korea charges US fifty percent tariffs on average, and
Speaker 2: Trump's punitive trade war tariffs on them are going to
Speaker 2: be twenty five percent half of it Trump's say you
Speaker 2: can trade wolver Yeah.
Speaker 1: So somebody smart before tomorrow email us with your you know,
Speaker 1: phdevil PhD level treatise on explaining why they get to
Speaker 1: tariff US so high and were retaliating with less is
Speaker 1: unholy in a trade war. Because I really really.
Speaker 2: Do want to know if I'm seriously wrong on any
Speaker 2: of this.
Speaker 1: I'm a strong position. So here's Charles Payin of Fox. Interesting, dude.
Speaker 10: The last thing we want to focus on right now
Speaker 10: is the stock market. So there's a lot of culports here,
Speaker 10: but we finally have woken up, and I think the
Speaker 10: American publicly've been making a huge mistake to watch the
Speaker 10: stock market. In fact, the administration says, listen, we want
Speaker 10: to if you want to see where we're going, what
Speaker 10: we like to do. Particularly remember President Trump was elected
Speaker 10: first and foremost to bring inflation down, so you want
Speaker 10: they want to see the dollar come down a little bit.
Speaker 10: It's been too strong and it's going to need to
Speaker 10: come down, probably to fight out some of the countermeasures.
Speaker 1: The stock market. I would not worry at all.
Speaker 10: In fact, I'd be a buyer of weakness, not a panic.
Speaker 10: Not panic here. That's my message to America.
Speaker 1: And so I mentioned this earlier the Financial Times with
Speaker 1: an article out today. We should not wish for American
Speaker 1: workers to return to the days of sewing tennis shoes
Speaker 1: together in factories, which is weird, Like okay, what so
Speaker 1: be better to be unemployed than to be sewing tennis
Speaker 1: shoes because that fake disability getting welfare because that's beneath us.
Speaker 1: I don't quite understand that argument.
Speaker 2: But then there's hyping into a computer in a cubicle,
Speaker 2: or to death and getting diabetes. I mean, what is
Speaker 2: that argument exactly?
Speaker 1: I don't know.
Speaker 2: We're too good for that. Let those weird yellow people
Speaker 2: in Vietnam do it. You're phrasing the unspoken point of
Speaker 2: view being expressed there.
Speaker 1: So it's good that Converse took their shoe manufacturing to
Speaker 1: wherever they're made, not I think Vietnam.
Speaker 2: But so we could all design iPhones. I know I've
Speaker 2: designed seven or eight myself. Yeah, I don't finish.
Speaker 1: That thought for me there. Whoever's writing that I should
Speaker 1: read the whole article. It's in the Financial Times of Day.
Speaker 1: But I was working toward the idea that there's the
Speaker 1: whole national security aspect of not having any manufacturing, which
Speaker 1: we've talked about, and Trump is brought up that if
Speaker 1: we ever had to ramp up for a war or
Speaker 1: another global pandemic or whatever, we don't make anything, what
Speaker 1: are we going to do?
Speaker 2: We could build an awesome fleet of AI battleships and
Speaker 2: send them into a simulation against China. Well, they're building
Speaker 2: the ones made of metal.
Speaker 1: We could have a tremendous number of college graduates argue
Speaker 1: with them about equity and gender. Any who this complex
Speaker 1: as that's first thing joseid today is very, very complicated
Speaker 1: and disruptive, Absolutely no doubt about that. Anybody who pretends
Speaker 1: they know how this is going to turn out has
Speaker 1: got to be lying.
Speaker 2: Appears to note. Joe is seriously wrong. Joe's good to
Speaker 2: his word. I have a great recipe for crow taco.
Speaker 2: That's funny.
Speaker 1: I'm not gonna have to crow because I haven't made
Speaker 1: any strong statements. I honestly, I am just asking because
Speaker 1: I don't know it just it doesn't make sense to
Speaker 1: me on the face of it. All Right, here's okay.
Speaker 2: Steve says, you've been stuckreed because the terifrates are actually
Speaker 2: based on trade deficits, which is a completely different thing
Speaker 2: and shows the depths of dishonesty by the administration. Cambodia,
Speaker 2: for instance, has an actual average tarifrate around ten percent,
Speaker 2: not anywhere near the ninety something percent shown neither of
Speaker 2: South Korea imposing fifty percent tariffs. One could take the
Speaker 2: position that we should harmonize terifrates and perhaps push back
Speaker 2: on foreign government to export subsidies, but it shouldn't be
Speaker 2: based on complete fabrications of data. I would agree with you, Steve,
Speaker 2: one hundred percent, if that's correct. My only rejoinder would
Speaker 2: be the Wall Street Journal editorial board apparently hasn't been
Speaker 2: informed of that, because they haven't said that they hate
Speaker 2: these tariffs.
Speaker 1: Why have they not brought that up? I like the
Speaker 1: idea of harmonizing the rates. That'd be good for everyone.
Speaker 1: Uh more in the way and you can Texas four
Speaker 1: one five two nine five kftc.
Speaker 6: Our beef is beautiful.
Speaker 11: I heard about a woman in Pennsylvania who was looking
Speaker 11: for a jacket that she donated to charity after realizing
Speaker 11: she left the two point five million dollar lottery ticket
Speaker 11: in the pocket. It's tough going back to a charity like, hey,
Speaker 11: I accidentally gave.
Speaker 1: You money, an unfortunate error. I feel like there's a
Speaker 1: reason you're playing the lottery on a regular basis. Well, dear,
Speaker 1: you're very judgmental about that. I am we have for
Speaker 1: your trap.
Speaker 2: That's true, we don't so yes, I am enjoying a
Speaker 2: delightful crow taco right now. A couple of folks have
Speaker 2: sent this along, and what's amazing. Is I just I
Speaker 2: did a very quick and cursory check. But the big
Speaker 2: publications aren't.
Speaker 1: Writing about this or getting to my point about how
Speaker 1: awful economic coverage is. Yeah, I've got to scanning real
Speaker 1: quick because I want to get that right. All right,
Speaker 1: here's the deal.
Speaker 2: Here is the actual statement from the Administration on the
Speaker 2: reciprocal tariff calculations from the Office of the United States
Speaker 2: Trade Representative. Reciprocal tariffs are calculated as a terraff f
Speaker 2: right necessary to balance bilateral trade deficits between the US
Speaker 2: and each of our trading partners. That premise is a
Speaker 2: little wobbly the calculator because again, a giant rich country
Speaker 2: is going to buy way more than it sells to
Speaker 2: a small poor.
Speaker 1: Country for obvious reasons.
Speaker 2: This calculation assumes that persistent trade deficis it's are due
Speaker 2: to a combination of tariff and non terror factors that
Speaker 2: prevent trade from balancing tariffs work through direct reductions of imports. Again,
Speaker 2: there are a lot of factors that have nothing to
Speaker 2: do with tariffs and non terr effact like barriers to trade.
Speaker 2: Reciprocal teriff rates range from zero percent to ninety nine percent,
Speaker 2: with unweighted and import weighted averages of twenty percent forty
Speaker 2: one percent, and then they go into a couple of
Speaker 2: pages of details. So it is, yeah, it's misleading. The
Speaker 2: approach that the administration is taking is misleading.
Speaker 1: So saying so the Trump administration saying Vietnam has whatever
Speaker 1: it is, a ninety percent tariff on things come in
Speaker 1: the United States is not accurate. No, no, it's not okay.
Speaker 2: So they have and the left does this constantly and
Speaker 2: it makes me insane. They've essentially used words that sound
Speaker 2: like something you think you know what they mean. Reciprocal
Speaker 2: means mutually equal, right, good for the goose, good for
Speaker 2: the gander, Well right, exactly, and this is not reciprocal
Speaker 2: in the standard way. Now, I think my premise, my
Speaker 2: conclusion is still right in that there are tariff and
Speaker 2: non tariff barriers to US exports that are outrageous and
Speaker 2: ridiculous and that ought to be equalized. But the administration
Speaker 2: is greasing the skids by using numbers that aren't what
Speaker 2: they seem to be.
Speaker 1: I can't believe Europe won't let our beef in. What
Speaker 1: do they eat for steak over there? Do they get
Speaker 1: it from? Where do they get it from I don't know,
Speaker 1: French beef, India. No, they European. You see the cows
Speaker 1: there in England, right, your Jersey cattle. They don't have
Speaker 1: enough feed lots to feed Europe. They don't beef over there. Well,
Speaker 1: is that it? Why don't they beef? Is beautiful? I agree?
Speaker 2: Hmm uh so okay, well I stand at least enlightened.
Speaker 1: If not, well, maybe we're all going to get at
Speaker 1: least a one hundred level class on international tariffs over
Speaker 1: the next several days or weeks. Yeah, where this settles
Speaker 1: in the next several days or weeks is anybody's guests
Speaker 1: If you missed a segment of the podcast Armstrong and
Speaker 1: Getty