WEBVTT - Your Beef Is Weak

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<v Speaker 1>Broadcasting live from the Abraham Lincoln Radio Studio, the George

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<v Speaker 1>Washington Broadcast Center, Jack Armstrong, Joe Getty arm Strong and

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<v Speaker 1>Jettie and now he Armstrong and Jetty. So there are

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<v Speaker 1>three or four books coming out this spring with the

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<v Speaker 1>behind the scenes on the whole Joe Biden, he's senile

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<v Speaker 1>and we're hiding at Kamala Harris thing.

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<v Speaker 2>You probably that's right wing conspiracy theory, You lunatic.

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<v Speaker 1>He's got a stutter. You probably remember that whole story.

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<v Speaker 1>He's got a stutter. I'm right, And there's another one

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<v Speaker 1>out in the Guided An Interview. We're gonna play some

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<v Speaker 1>clips here in a second, but before we get to that,

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<v Speaker 1>this hasn't gotten much attention, I guess partially because what's

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<v Speaker 1>the point now? But Miranda Devine, pointing out in the

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<v Speaker 1>New York Poe New FBI chat logs, revealed the extraordinary

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<v Speaker 1>gag order that senior leadership used to shut down the

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<v Speaker 1>Hunter Biden laptop discussion. Oh yeah, and it's just you know,

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<v Speaker 1>it's it's all in the history books now. But and

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<v Speaker 1>then you know everybody always claims, well, that sort of

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<v Speaker 1>thing couldn't happen.

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<v Speaker 2>Now, Well, I was gonna say. That's why you pay

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<v Speaker 2>attention to it. You've got to understand what the the

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<v Speaker 2>dangers are and work to build systems that won't allow

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<v Speaker 2>them to happen again.

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<v Speaker 1>The conversation's withheld by the FBI under Director Chris Ray

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<v Speaker 1>show that senior leadership issued an internal gag order on

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<v Speaker 1>the laptop. Here's the key thing you need to know.

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<v Speaker 1>When everyone in the country should know, but only half

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<v Speaker 1>the country knows. The FBI was in position of Hunter

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<v Speaker 1>Biden's laptop for ten months before the story broke in

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<v Speaker 1>the New York Post. They'd had it from the you know,

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<v Speaker 1>the computer owner or whatever like that, and their analysts

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<v Speaker 1>quickly to determined right after they got it that the

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<v Speaker 1>laptop did belong to Hunter, had not been tampered with

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<v Speaker 1>in anyway, and and could be used as evidence in court.

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<v Speaker 1>It was the real deal. All that stuff was true.

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<v Speaker 1>Nobody had messed with it. It was They decided that

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<v Speaker 1>ten months before the story broke, and then was immediately

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<v Speaker 1>turned into a this is a misinformation can't be printed,

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<v Speaker 1>you know the whole thing there. FBI kept their mouths shut.

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<v Speaker 2>We're not gonna waste our time or our listener's time

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<v Speaker 2>with this story. Yeah, I wish they'd told those fifty

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<v Speaker 2>three whatever it was intelligence professionals that indeed it was legit.

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<v Speaker 1>That's too bad and almost I don't know about certainly,

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<v Speaker 1>but you can make a decent argument that Trump would

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<v Speaker 1>have won if that story had been pursued the way

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<v Speaker 1>it should have been pursued.

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<v Speaker 2>Well, it's a change so massive in the landscape that, yeah,

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<v Speaker 2>you can't say that's not true.

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<v Speaker 1>And even if you hate Trump a lot, you can't

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<v Speaker 1>be in favor of hiding the fact that the sitting

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<v Speaker 1>president's son was all kinds of a crook and had

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<v Speaker 1>all these business dealings with all these different companies and

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<v Speaker 1>the money and it's all very confusing and it doesn't

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<v Speaker 1>look good. So the hiding that, you can't be in

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<v Speaker 1>favor of that, even if you hate Trump, Right, we

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<v Speaker 1>can't have that in a presidential election.

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<v Speaker 2>Yeah, the FBI ought to be restrained about releasing details

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<v Speaker 2>of ongoing investigations, obviously, but so selective they leaked like

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<v Speaker 2>a sieve. If it was detrimental Trump, just unforgivable.

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<v Speaker 1>Any who. So this is a guy named Jonathan Allen,

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<v Speaker 1>respected reporter, got a book out called Fight. He did

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<v Speaker 1>an interview today on Fox and Friends about what he

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<v Speaker 1>has learned or didn't know, or is telling us now

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<v Speaker 1>about the whole Biden Kannalla hairr selection thing. Here we go.

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<v Speaker 3>You know, there's this incredible moment on the day that

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<v Speaker 3>Joe Biden decides to get out of the race. He's

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<v Speaker 3>been getting all this pressure, and he calls her up

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<v Speaker 3>and it's been reported, the very broad outlines were reported.

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<v Speaker 3>As he tells her he's getting out, she says, are

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<v Speaker 3>you sure? He says yes, and that's it. There were

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<v Speaker 3>actually two phone calls between them because she had to

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<v Speaker 3>beg Joe Biden to make a quick endorsement right as

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<v Speaker 3>soon as he gets out. She's got to get the delegates,

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<v Speaker 3>she's got to get her whip operation, call all the

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<v Speaker 3>members of Congress, the governors, whatever. And Biden's like, I'm

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<v Speaker 3>getting out. I might endorse you like on Thursday, like

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<v Speaker 3>a few days later. I want to take a victory

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<v Speaker 3>lab but soak in my moment. And she's like, Joe,

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<v Speaker 3>you have got to endorse me. And so they go

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<v Speaker 3>back and forth on this before Biden does it.

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<v Speaker 1>If you remember the timeline of this, I mean from

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<v Speaker 1>the debate until he finally stepped down. There are many

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<v Speaker 1>days that she knew he is stepping down. Everybody knew

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<v Speaker 1>it was gonna happen, just when, so she wanted to

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<v Speaker 1>be lined up for that. Let's roll on.

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<v Speaker 3>Obama definitely did not think she should be the Democratic nominee.

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<v Speaker 1>He would not endorse that day either.

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<v Speaker 3>He would not endorse that day either. She talked to him.

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<v Speaker 3>He said to her, I don't want to put my

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<v Speaker 3>thumb on the scale. She was disappointed, but not necessarily shocked,

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<v Speaker 3>because he's been behind the scenes trying to undermine her

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<v Speaker 3>for the last several weeks before Biden even got out.

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<v Speaker 2>Funny, I'm torn because you could make the argument, Well, no,

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<v Speaker 2>they withheld the endorsement because they believed rightly that there

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<v Speaker 2>should be a vigorous, if short, primary process to let

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<v Speaker 2>the strongest survive and become their candidate.

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<v Speaker 1>They wouldn't have believed that it was Josh Shapiro that

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<v Speaker 1>was the vice president.

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<v Speaker 3>No.

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<v Speaker 2>No, the reality is they withheld the endorsement because she's

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<v Speaker 2>a half wit and has no talent, no political talent whatsoever.

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<v Speaker 1>Wow, So she knew Obama was working behind the scenes

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<v Speaker 1>to try to Yeah, she should probably get some credit

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<v Speaker 1>for organizing the way she did to manage to get

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<v Speaker 1>the Uh.

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<v Speaker 2>Oh, you know what, Yeah, she and her team I

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<v Speaker 2>stand corrected. They have that much political talent. They knew

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<v Speaker 2>how to whip up support in a big hurry to

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<v Speaker 2>make it look like she had to be the nominee

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<v Speaker 2>to avoid all the chaos. They did a good job

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<v Speaker 2>of that. Yes, means a good job to the point

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<v Speaker 2>that they like convinced their party that this dope should

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<v Speaker 2>be the nominee. You know what, I stand seriously corrected.

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<v Speaker 2>You gotta tip your cap.

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<v Speaker 1>Well, yes, so she's She and her people are good

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<v Speaker 1>at this, which book was after the one of these

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<v Speaker 1>sort of tell all books came out by real reporters

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<v Speaker 1>after the twenty twenty election pointing out what a great

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<v Speaker 1>job she did of knifing When it was when Biden

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<v Speaker 1>was trying to decide who to be his running mate,

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<v Speaker 1>anybody's name popped up, she had an operation in plan

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<v Speaker 1>to get them knifed in the public press, get a

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<v Speaker 1>story out about him, a negative story that would just

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<v Speaker 1>you know, ruin their chances. Yeah, and she was able

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<v Speaker 1>to and Biden at that time. I guess his brain

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<v Speaker 1>still worked enough, having been in DC his whole life.

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<v Speaker 1>He knew that's what was going on. So if somebody's

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<v Speaker 1>name popped, got floated and then they got shut down,

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<v Speaker 1>he knew Kamala Harris was working behind the scenes, and

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<v Speaker 1>that's what he liked about her. He thought, Okay, she understands,

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<v Speaker 1>you know, how this whole game works. But how has

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<v Speaker 1>she got that talent but nothing else? Or maybe she

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<v Speaker 1>people with that talent and she can't she has nothing herself.

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<v Speaker 1>I don't know. Let's hear a little more from this reporter.

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<v Speaker 3>Yeah, he needed a fluorescent tape on the Florida Show

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<v Speaker 3>where to Go. He needed telepropters to talk to small groups,

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<v Speaker 3>small donor groups. He would put on makeup early in

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<v Speaker 3>the morning to do cabinet meetings and then sometimes do

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<v Speaker 3>the makeup and not do the meetings right. So they

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<v Speaker 3>all knew that there was a level of decline. I

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<v Speaker 3>think there were varying appreciations for that. We talked to

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<v Speaker 3>one person who said it was particularly steep in early

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<v Speaker 3>twenty twenty four. But they were doing risk mitigation. How

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<v Speaker 3>do we make it less likely that Joe Biden falls

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<v Speaker 3>apart in front of the world. And look, if you

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<v Speaker 3>like the train wreck of what happened on the Democratic

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<v Speaker 3>side with all these cars piling up and all these

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<v Speaker 3>political leaders at odds with each other and being wrong

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<v Speaker 3>about a lot of things.

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<v Speaker 1>This book's for you. So when I originally heard that

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<v Speaker 1>he put on makeup to look less old, well, everybody

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<v Speaker 1>on TV does that. But if he was doing that

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<v Speaker 1>to go into his cabinet meetings for like, for the

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<v Speaker 1>other people in the room, yeah, that's a slightly different thing. Well,

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<v Speaker 1>and I saw him on TV plenty and it didn't work. No,

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<v Speaker 1>maybe he looked less old than he would have, but

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<v Speaker 1>he looked like a man in the very final stages

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<v Speaker 1>of life. How about they put on the makeup and

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<v Speaker 1>then he doesn't go to the cabinet meeting because somebody realizes, yes,

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<v Speaker 1>isn't the day media, He can't go be around people today?

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<v Speaker 2>Right, Yeah, Jonathan Allen didn't mention that. But there's a

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<v Speaker 2>real day to day.

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<v Speaker 1>What kind of day is it going to be if

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<v Speaker 1>anybody's dealt with the tragedy of you know, mental deterioration

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<v Speaker 1>with age, I think we got one more.

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<v Speaker 3>Yeah, it's sort of this amazing talent that Trump has

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<v Speaker 3>for being in the moment and also seeing it from outside,

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<v Speaker 3>sort of being a stage manager, if you will, and

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<v Speaker 3>he's watching Joe Biden fall a party, seeing these answers

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<v Speaker 3>go terribly. I think people will remember that moment where

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<v Speaker 3>Trump says, I don't know what he just said, and

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<v Speaker 3>I don't think he does either. It's sympathetic, I mean

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<v Speaker 3>for Trump with an opponent on stage, you know, typically

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<v Speaker 3>he's not particularly sympathetic, but in this case, he's looking

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<v Speaker 3>at Biden. He's like, this looks harrow and he starts

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<v Speaker 3>thinking to himself, how do I keep hitting this guy

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<v Speaker 3>without looking like a jerk because the media is going

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<v Speaker 3>to talk about how I went off the rails, and

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<v Speaker 3>I need to just kind of keep it in and

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<v Speaker 3>not not look like a jerk, not come off poorly.

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<v Speaker 3>And so he reins it in. But that's what's going on,

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<v Speaker 3>according to our sources, in Trump's mind as he's on

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<v Speaker 3>the stage with Joe Biden.

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<v Speaker 1>Wow, that's really interesting. And he played that well because

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<v Speaker 1>if you remember when one of the Castro Brothers yelled

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<v Speaker 1>at Trump during a debate, all right, Biden.

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<v Speaker 2>Appropriately named communist Castro Brothers.

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<v Speaker 1>Yes, he yelled at Biden during a Democratic debate. So

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<v Speaker 1>did you forgot already, you forget already, and he just

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<v Speaker 1>he came off as an a hole, right. Yeah. Trump

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<v Speaker 1>let it hang out there and didn't because he could

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<v Speaker 1>have jumped in and said that sort of thing. Look

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<v Speaker 1>at him, he's senile, he's a mess. He just let it.

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<v Speaker 1>He knew because he understands TV and media. He knew

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<v Speaker 1>all the damage was being done right there next to him.

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<v Speaker 1>He didn't need to do that. Yeah, that is pretty

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<v Speaker 1>well played. Yeah. Oh wow, Well, Gollie G. Turns out

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<v Speaker 1>everything we were saying was exactly correct at the time.

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<v Speaker 1>Soon anyway, has there ever been a more exciting couple

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<v Speaker 1>of weeks since I don't know, Ford Theater in the

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<v Speaker 1>United States politics? Because all that happened so fast, the convention,

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<v Speaker 1>Trump being shot, the debate and all that sort of

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<v Speaker 1>stuff was just, oh my god.

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<v Speaker 2>And now, speaking of exciting weeks, we have giant changes

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<v Speaker 2>in trade policy, for instance, the tariff thing. We will

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<v Speaker 2>get back into that in a few moments. First, though,

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<v Speaker 2>you've been delightful in eating your vegetables, so we've got

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<v Speaker 2>dessert next segment. Do you have the original Clipmichael that

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<v Speaker 2>we talked about, Go ahead and hit that.

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<v Speaker 4>I'm just curious just to better understand your ruling. If

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<v Speaker 4>someone on this committee then starts talking about somebody's bleach blind,

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<v Speaker 4>bad built bush body, that would not be engaging in personalities.

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<v Speaker 1>What now, Chairman, I make a motion. We'll go ahead.

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<v Speaker 2>We'll leave it there for now. We'll play the whole

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<v Speaker 2>thing coming back. Well, evidently somebody has made a song

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<v Speaker 2>out of them.

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<v Speaker 1>Of course they have. I think this a required by

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<v Speaker 1>the constitution. So we've got that on the way. Stay here.

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<v Speaker 5>Armstrong Wakefield High is a guinea pig of sorts. Students

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<v Speaker 5>are expected to store their phones in this magnetic locking

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<v Speaker 5>pouch throughout the day. At first there was resistance.

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<v Speaker 4>People were putting dents and holes in the wall, like

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<v Speaker 4>there are tables we had to get fixed.

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<v Speaker 1>Right after we got them. When I walked into the cafeteria,

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<v Speaker 1>all you hear is like the like it's sounded like gunshots.

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<v Speaker 5>Greg Cabana, a government teacher at Wakefield, noticed it too.

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<v Speaker 6>The fact that they're banging pouches around the cafeteria trying

0:11:49.000 --> 0:11:51.679
<v Speaker 6>to unlock their phone. This is proving our point right

0:11:51.720 --> 0:11:54.480
<v Speaker 6>here of how meaningful and how powerful that phone is.

0:11:55.320 --> 0:11:59.920
<v Speaker 1>There are different versions of no phones in schools, I've noticed,

0:12:00.480 --> 0:12:02.679
<v Speaker 1>and it makes a difference. I want it to happen

0:12:02.720 --> 0:12:06.040
<v Speaker 1>at any school my kid ever goes to. But some

0:12:06.120 --> 0:12:08.240
<v Speaker 1>of them it's no phone in the classroom. You can

0:12:08.280 --> 0:12:11.280
<v Speaker 1>still like look at it in between classes over lunch hour.

0:12:11.360 --> 0:12:13.840
<v Speaker 1>I like this. You put it in a some sort

0:12:13.840 --> 0:12:15.800
<v Speaker 1>of lock box the beginning of school and you don't

0:12:15.800 --> 0:12:17.080
<v Speaker 1>see it again to the end of the day.

0:12:17.520 --> 0:12:19.760
<v Speaker 2>So that was the early reaction of the policy. They

0:12:19.800 --> 0:12:23.760
<v Speaker 2>were trying desperately to get them out. But what happened next.

0:12:23.640 --> 0:12:26.080
<v Speaker 5>Student care in Mine says it's led to a new

0:12:26.240 --> 0:12:27.960
<v Speaker 5>kind of engagement.

0:12:27.880 --> 0:12:29.960
<v Speaker 1>Even just like at lunch you like talk to each other,

0:12:29.960 --> 0:12:31.920
<v Speaker 1>you know, like people bring games to class.

0:12:32.120 --> 0:12:34.640
<v Speaker 5>You never experienced that kind of engagement. Well, it was

0:12:34.679 --> 0:12:37.480
<v Speaker 5>just like and maybe not since kindergarten, maybe not since preschool.

0:12:37.679 --> 0:12:40.679
<v Speaker 5>When the students and teachers here say, less isolation has

0:12:40.760 --> 0:12:42.920
<v Speaker 5>meant less interpersonal conflict.

0:12:43.320 --> 0:12:45.559
<v Speaker 1>There were a lot less fights. I haven't seen any

0:12:45.559 --> 0:12:46.080
<v Speaker 1>of this year.

0:12:46.600 --> 0:12:49.840
<v Speaker 5>The movement to restrict cell phones in classrooms is growing,

0:12:50.000 --> 0:12:53.280
<v Speaker 5>with nine states having already passed a ban or restricted

0:12:53.280 --> 0:12:54.640
<v Speaker 5>cell phone use in schools.

0:12:55.040 --> 0:12:57.480
<v Speaker 1>Do it everywhere immediately? Yeah, there's a difference between the

0:12:57.520 --> 0:12:59.520
<v Speaker 1>restriction and the band though. I want the ban I

0:12:59.559 --> 0:13:01.160
<v Speaker 1>want the you lock it up when you get there

0:13:01.200 --> 0:13:03.000
<v Speaker 1>and you won't see it again until the end. Because

0:13:03.160 --> 0:13:05.920
<v Speaker 1>that lunch hour thing. I don't doubt that a bit.

0:13:05.960 --> 0:13:08.960
<v Speaker 1>And the fights aside, even without that, I don't doubt that.

0:13:09.360 --> 0:13:14.600
<v Speaker 1>Day one. It's obviously different. Yes, with the kids interacting,

0:13:14.679 --> 0:13:17.719
<v Speaker 1>it hurts my heart to hear them. And kids were

0:13:17.760 --> 0:13:21.520
<v Speaker 1>talking and playing games. Yeah, we all freaking did for

0:13:21.600 --> 0:13:24.400
<v Speaker 1>all of human history. Oh back when we had fun,

0:13:24.440 --> 0:13:26.079
<v Speaker 1>and even if you were a little down, you wouldn't

0:13:26.080 --> 0:13:31.599
<v Speaker 1>contemplate suicide anyway. Oh yeah, I know, I know. Technology

0:13:31.840 --> 0:13:34.960
<v Speaker 1>is a double edged sword. Anyway.

0:13:35.800 --> 0:13:37.640
<v Speaker 2>We can talk about that all day. I feel strongly

0:13:37.679 --> 0:13:40.040
<v Speaker 2>about it, but let's move on. I would love to

0:13:40.080 --> 0:13:45.079
<v Speaker 2>play the entire verbal battle between Jasmine Crockett and Marjorie

0:13:45.120 --> 0:13:47.240
<v Speaker 2>Taylor Green a year or two ago, whatever it was

0:13:48.760 --> 0:13:51.920
<v Speaker 2>during a house hearing. It was one of the most

0:13:52.080 --> 0:13:57.600
<v Speaker 2>entertaining Miao miow Congressional cat fights in American history.

0:13:57.640 --> 0:13:59.000
<v Speaker 1>Here's a little bit of it.

0:13:59.440 --> 0:14:02.400
<v Speaker 4>I'm just is just to better understand your ruling. If

0:14:02.440 --> 0:14:07.480
<v Speaker 4>someone on this committee then starts talking about somebody's bleach blonde,

0:14:07.600 --> 0:14:11.360
<v Speaker 4>bad built, butsh body, that would not be engaging in personalities.

0:14:11.400 --> 0:14:12.840
<v Speaker 1>Correct, what now.

0:14:14.840 --> 0:14:17.679
<v Speaker 7>Chairman, I make I make a motion to strike those

0:14:18.160 --> 0:14:21.520
<v Speaker 7>I don't think that's all trying to find clarification on

0:14:21.640 --> 0:14:23.200
<v Speaker 7>what qual emotion.

0:14:24.440 --> 0:14:24.680
<v Speaker 4>Said.

0:14:25.240 --> 0:14:27.040
<v Speaker 7>We're not gonna We're not gonna do this like you

0:14:27.080 --> 0:14:28.240
<v Speaker 7>guys earlier.

0:14:28.320 --> 0:14:29.240
<v Speaker 1>Literally just you.

0:14:29.360 --> 0:14:38.200
<v Speaker 2>Just remember an MTG said something about he probably is

0:14:38.240 --> 0:14:41.520
<v Speaker 2>you can't see through your false eyelashes or something.

0:14:41.160 --> 0:14:43.680
<v Speaker 1>And that's good stuff. That's good stuff.

0:14:43.760 --> 0:14:46.960
<v Speaker 2>Anyway, here's an artist by the name of King Wallonius,

0:14:47.040 --> 0:14:49.280
<v Speaker 2>and there is a twist coming up, but first dig

0:14:49.360 --> 0:15:15.000
<v Speaker 2>his soulful sounds.

0:15:24.640 --> 0:15:31.640
<v Speaker 1>I find this depression. Don't don't play with me. Why

0:15:31.640 --> 0:15:35.280
<v Speaker 1>didn't you explain why you find it depressing? Because it's Ai.

0:15:36.480 --> 0:15:39.840
<v Speaker 1>It's AI, that's right. Barry Gordy is considered one of

0:15:39.880 --> 0:15:42.800
<v Speaker 1>the great musical geniuses of all time for coming up

0:15:42.800 --> 0:15:45.280
<v Speaker 1>with that kind of music and recording it. Apparently you

0:15:45.280 --> 0:15:47.720
<v Speaker 1>can just tell AI to do it, because that is

0:15:47.920 --> 0:15:48.600
<v Speaker 1>really good.

0:15:48.720 --> 0:15:53.440
<v Speaker 2>And Aretha Franklin slash a young Tina Turner maybe were

0:15:53.560 --> 0:15:57.040
<v Speaker 2>once in a generation talents in a computer just essentially

0:15:57.800 --> 0:16:03.800
<v Speaker 2>made them again. Oh singing that song and Supremes the

0:16:03.880 --> 0:16:08.480
<v Speaker 2>background singers there. Uh yeah, that's that's just weird man.

0:16:09.160 --> 0:16:11.960
<v Speaker 1>So what I'm interesting because our producer Hanson was talking

0:16:11.960 --> 0:16:16.040
<v Speaker 1>about this guy does it? So what is his talent?

0:16:17.040 --> 0:16:18.840
<v Speaker 1>Because I don't understand this. I haven't messed around with

0:16:18.880 --> 0:16:23.840
<v Speaker 1>AI enough. What is Does he have a marketable talent

0:16:23.960 --> 0:16:26.480
<v Speaker 1>for being able to put together AI music? Well? Could

0:16:26.480 --> 0:16:27.400
<v Speaker 1>anybody do it? Yeah?

0:16:27.400 --> 0:16:30.880
<v Speaker 2>That's we were momentarily confused because Hanson's like, in guessquad,

0:16:30.880 --> 0:16:33.640
<v Speaker 2>it's AI. I've got a link to the artist who

0:16:33.800 --> 0:16:35.880
<v Speaker 2>produced it, and I'm like, wait, which one is it?

0:16:36.080 --> 0:16:38.960
<v Speaker 2>This guy, evidently, and this is based on the little

0:16:38.960 --> 0:16:42.840
<v Speaker 2>I know about it, is skilled enough in manipulating the

0:16:42.920 --> 0:16:49.200
<v Speaker 2>prompts to, through various iterations, perfect the idea he has

0:16:49.200 --> 0:16:51.520
<v Speaker 2>in his head of what the song ought to sound like.

0:16:51.840 --> 0:16:54.000
<v Speaker 1>I wonder if it'd be like, make it a little

0:16:54.040 --> 0:16:56.920
<v Speaker 1>more like young Tina Turner, No, no, no, a little

0:16:56.920 --> 0:16:58.520
<v Speaker 1>more it would it be like that? Yeah?

0:16:58.680 --> 0:17:03.240
<v Speaker 2>Yeah, a little arethau and then you know, equing it

0:17:03.280 --> 0:17:06.480
<v Speaker 2>and doing the things music producers do. But yeah, well

0:17:06.560 --> 0:17:09.080
<v Speaker 2>wouldn't It'd be great when we're freed up by AI

0:17:09.160 --> 0:17:10.840
<v Speaker 2>to never have to create any more art.

0:17:11.760 --> 0:17:16.000
<v Speaker 1>That's good? What Armstrong and Getty?

0:17:17.440 --> 0:17:20.840
<v Speaker 8>The President announced that baseline ten percent tariff on all

0:17:21.040 --> 0:17:25.159
<v Speaker 8>US imports effective April fifth, and then nations that the

0:17:25.160 --> 0:17:29.359
<v Speaker 8>President considers to be bad actors are facing additional duties. China,

0:17:29.400 --> 0:17:32.520
<v Speaker 8>for instance, gets a total of fifty four percent, Vietnam

0:17:32.600 --> 0:17:36.000
<v Speaker 8>forty six percent, thirty two percent for Taiwan, twenty four

0:17:36.040 --> 0:17:39.840
<v Speaker 8>percent for Japan, and the EU was hit with twenty percent.

0:17:39.920 --> 0:17:42.960
<v Speaker 8>The baseline ten goes into effect on Friday, while about

0:17:43.000 --> 0:17:46.000
<v Speaker 8>sixty countries facing those higher reciprocal tariffs will see those

0:17:46.040 --> 0:17:49.159
<v Speaker 8>rates going to effect April ninth at twelve oh one am.

0:17:49.200 --> 0:17:55.000
<v Speaker 1>Sixty countries deemed bad actors. You're a bad actor, pushing

0:17:55.040 --> 0:17:59.400
<v Speaker 1>the US overall weighted average tariff among the sixty countries

0:17:59.400 --> 0:18:02.000
<v Speaker 1>to twenty five four percent. That's the highest and over

0:18:02.080 --> 0:18:05.600
<v Speaker 1>one hundred years, and likely headed to hiss high as

0:18:05.680 --> 0:18:09.680
<v Speaker 1>twenty seven percent once more expected moves are made.

0:18:09.800 --> 0:18:14.919
<v Speaker 2>And it is literally those numbers you threw around half

0:18:15.280 --> 0:18:19.359
<v Speaker 2>of what those other countries charge our manufacturer not mentioned enough.

0:18:20.640 --> 0:18:21.960
<v Speaker 1>Why isn't that mentioned more often?

0:18:22.600 --> 0:18:26.680
<v Speaker 2>Because it absolutely undermines the Trump is an idiot narrative

0:18:26.840 --> 0:18:28.439
<v Speaker 2>or Trump is a maniac. Well, I just think it

0:18:28.440 --> 0:18:30.879
<v Speaker 2>makes it way more interesting, so I agree completely. I

0:18:30.880 --> 0:18:33.320
<v Speaker 2>didn't know Europe was hitting us with dang near fifty

0:18:33.320 --> 0:18:36.240
<v Speaker 2>percent tariff on everything all these years, and so when

0:18:36.280 --> 0:18:39.240
<v Speaker 2>we raise it to half that it's a trade war.

0:18:39.640 --> 0:18:42.480
<v Speaker 2>I honestly, I mean, I'm not advocating a position. I

0:18:42.480 --> 0:18:44.800
<v Speaker 2>don't know enough about this topic to advocate a position.

0:18:45.000 --> 0:18:48.359
<v Speaker 2>I just don't understand as a novice, why Europe hitting

0:18:48.400 --> 0:18:51.000
<v Speaker 2>us with almost fifty percent tariffs and then US coming

0:18:51.040 --> 0:18:52.639
<v Speaker 2>back with twenty or whatever.

0:18:52.359 --> 0:18:57.000
<v Speaker 1>It is is a trade war as opposed to I

0:18:57.000 --> 0:19:01.760
<v Speaker 1>don't know it. It's not. A German economic minister just

0:19:01.800 --> 0:19:05.240
<v Speaker 1>said Trump will quote buckle under pressure if Europe hits

0:19:05.280 --> 0:19:08.600
<v Speaker 1>back at tariffs. You've already hit us with tariffs like

0:19:08.720 --> 0:19:12.320
<v Speaker 1>high tariffs. Yeah, you've been hitting us with fifty, We're

0:19:12.320 --> 0:19:15.680
<v Speaker 1>gonna hit you with twenty. You're gonna you're gonna lash

0:19:15.720 --> 0:19:20.040
<v Speaker 1>back at us and punish us for that. I I

0:19:20.080 --> 0:19:24.879
<v Speaker 1>hate what this is doing to my savings and investments.

0:19:24.960 --> 0:19:26.520
<v Speaker 1>I haven't looked at I haven't I should go to

0:19:26.520 --> 0:19:28.040
<v Speaker 1>four oh one k dot com and see what it

0:19:28.080 --> 0:19:28.480
<v Speaker 1>is today.

0:19:28.520 --> 0:19:30.920
<v Speaker 2>And I'm a tad concerned about how this plays out

0:19:30.960 --> 0:19:32.919
<v Speaker 2>in the medium term. And honestly, even if Trump is

0:19:32.920 --> 0:19:35.679
<v Speaker 2>one hundred percent right about everything. That doesn't mean it

0:19:35.760 --> 0:19:39.000
<v Speaker 2>is going to work out the way he says it's

0:19:39.040 --> 0:19:42.720
<v Speaker 2>going to not clear if he has enough time, and

0:19:43.000 --> 0:19:45.120
<v Speaker 2>and like like so many things.

0:19:44.960 --> 0:19:48.600
<v Speaker 1>Why you need that third term? Right, Like so many things.

0:19:48.640 --> 0:19:51.480
<v Speaker 2>The fact that it's executive orders as opposed to congressional

0:19:51.600 --> 0:19:56.080
<v Speaker 2>you know laws, Uh, it means that it could be

0:19:56.119 --> 0:19:58.359
<v Speaker 2>reversed pretty quickly and easily by the next guy to

0:19:58.400 --> 0:20:03.800
<v Speaker 2>come along or gal theoretically. So having said that, though

0:20:04.240 --> 0:20:06.720
<v Speaker 2>I hear the arguments in favor of what he's doing,

0:20:06.760 --> 0:20:09.040
<v Speaker 2>and I find them much much, much more persuasive than

0:20:09.080 --> 0:20:13.560
<v Speaker 2>the arguments against. At this point, we are getting hammered

0:20:13.760 --> 0:20:18.360
<v Speaker 2>with unfair tariffs, have been since WW two is over

0:20:18.480 --> 0:20:22.080
<v Speaker 2>for good enough reasons. We had to get the world's

0:20:22.119 --> 0:20:24.560
<v Speaker 2>economies back on their feet. Otherwise we would have had

0:20:24.560 --> 0:20:29.040
<v Speaker 2>nobody to sell our stuff to. But my question would

0:20:29.040 --> 0:20:31.199
<v Speaker 2>be when was when is that supposed to go on forever?

0:20:32.480 --> 0:20:32.600
<v Speaker 1>Well?

0:20:32.680 --> 0:20:35.720
<v Speaker 2>Right, yeah, exactly, That's that's where I am too. Now

0:20:35.760 --> 0:20:39.080
<v Speaker 2>that I've seen the actual numbers, let me click over

0:20:39.160 --> 0:20:43.480
<v Speaker 2>to them. Your opinion, Union on average charges US thirty

0:20:43.520 --> 0:20:46.240
<v Speaker 2>nine percent we'll call it forty percent in tariffs on

0:20:46.400 --> 0:20:50.600
<v Speaker 2>US goods now, The new Trump's trade war punitive tariffs

0:20:50.600 --> 0:20:54.840
<v Speaker 2>is twenty percent half that Vietnam hits us with ninety

0:20:54.880 --> 0:20:57.560
<v Speaker 2>percent tariffs. We're saying, okay, we're hitting you with forty

0:20:57.600 --> 0:21:01.040
<v Speaker 2>six percent. Taiwan, our good buddy, hit with sixty four

0:21:01.080 --> 0:21:05.480
<v Speaker 2>percent tariffs. They depend on us, so I said before,

0:21:05.600 --> 0:21:09.200
<v Speaker 2>to keep shesen Ping from nude sunbathing on their beach

0:21:09.320 --> 0:21:10.240
<v Speaker 2>with the Red Army.

0:21:11.680 --> 0:21:13.280
<v Speaker 1>Were it not for us, he'd be doing that.

0:21:13.359 --> 0:21:16.840
<v Speaker 2>Today they hit us with sixty four Trump said, okay, fine,

0:21:16.840 --> 0:21:20.000
<v Speaker 2>We're gonna hit you with thirty two. That's the trade war.

0:21:22.400 --> 0:21:27.439
<v Speaker 2>Is it disruptive? Oh hell yeah. Is it shaking up

0:21:27.440 --> 0:21:29.600
<v Speaker 2>all of Wall Street's expectations and plans?

0:21:30.080 --> 0:21:31.920
<v Speaker 1>Oh yeah.

0:21:32.040 --> 0:21:34.760
<v Speaker 2>Are people getting out of stocks at least temporarily because

0:21:34.760 --> 0:21:36.280
<v Speaker 2>they're betting on them going down?

0:21:36.400 --> 0:21:36.600
<v Speaker 1>Yep?

0:21:37.680 --> 0:21:39.800
<v Speaker 2>But how does it play out over two years, five years,

0:21:39.840 --> 0:21:43.240
<v Speaker 2>twenty five years. This is either a debacle or Trump

0:21:43.280 --> 0:21:46.399
<v Speaker 2>will be looked upon as an FDR like figure.

0:21:47.400 --> 0:21:50.879
<v Speaker 1>But in a good way. I hate the stock market analysis.

0:21:50.920 --> 0:21:54.720
<v Speaker 1>I always have. As I've said for many years, economic

0:21:54.760 --> 0:21:59.399
<v Speaker 1>reporting is the dumbest reporting in America. And also there's

0:21:59.440 --> 0:22:04.359
<v Speaker 1>this whenever a Republican does something that causes the stock

0:22:04.480 --> 0:22:08.080
<v Speaker 1>market to go down. Democrats act like the most important

0:22:08.080 --> 0:22:11.359
<v Speaker 1>thing in the world is what big business wants to do. Right,

0:22:12.320 --> 0:22:15.520
<v Speaker 1>They hate big business, they hate capitalism, they hate the

0:22:15.680 --> 0:22:19.280
<v Speaker 1>Wall Street crowd. But it goes down because of a

0:22:19.320 --> 0:22:22.840
<v Speaker 1>Republican decision. The most holy thing we should all look

0:22:22.920 --> 0:22:26.520
<v Speaker 1>to for where we're happy or not, is what Wall

0:22:26.560 --> 0:22:27.240
<v Speaker 1>Street thinks.

0:22:27.400 --> 0:22:31.760
<v Speaker 2>Right's hilarious. Yeah, you people are something. Let's go ahead

0:22:31.760 --> 0:22:34.760
<v Speaker 2>and do Howard Lutnik fifty two's the secretary of Commerce.

0:22:35.080 --> 0:22:40.520
<v Speaker 6>European Union won't take chicken from America. They won't take

0:22:40.600 --> 0:22:44.760
<v Speaker 6>lobsters from America. They hate our beef because our beef

0:22:44.920 --> 0:22:49.760
<v Speaker 6>is beautiful and theirs is weak. It's unbelievable they won't.

0:22:49.880 --> 0:22:53.040
<v Speaker 6>We can't sell corn to India, we can't sell rice

0:22:53.160 --> 0:22:53.760
<v Speaker 6>to Asia.

0:22:54.040 --> 0:22:56.600
<v Speaker 1>Now, the European Union as a whole, this is not

0:22:56.640 --> 0:22:58.200
<v Speaker 1>the way that you look at it. Economies, but it's

0:22:58.240 --> 0:23:01.480
<v Speaker 1>almost as big as ours. So why do they get

0:23:01.520 --> 0:23:04.400
<v Speaker 1>to exclude a bunch of products because of the devastation

0:23:04.440 --> 0:23:09.800
<v Speaker 1>of World War Two? But if we do it, it's something awful.

0:23:10.440 --> 0:23:13.520
<v Speaker 2>By the way, I've adopted your beef as weak as

0:23:13.560 --> 0:23:14.560
<v Speaker 2>my new insult.

0:23:14.920 --> 0:23:16.560
<v Speaker 1>I'm going to go to a steakhouse and say, I'd

0:23:16.600 --> 0:23:20.320
<v Speaker 1>like your beautiful beef, not your week beef. Don't be

0:23:20.359 --> 0:23:21.679
<v Speaker 1>bringing me your week stuff.

0:23:23.720 --> 0:23:27.160
<v Speaker 2>Jd Vance, he's the vice president, Jack Clip fifty eight.

0:23:28.240 --> 0:23:30.080
<v Speaker 9>I wouldn't think of tax cuts as a way to

0:23:30.200 --> 0:23:32.640
<v Speaker 9>offset the tariffsto. Here's the way that I think about

0:23:32.680 --> 0:23:35.440
<v Speaker 9>it is, again, for forty years, we've had an economy

0:23:35.680 --> 0:23:39.479
<v Speaker 9>that rewards people who ship American jobs overseas and raises

0:23:39.520 --> 0:23:42.400
<v Speaker 9>taxes on American workers, and we're flipping that on its head.

0:23:42.560 --> 0:23:44.960
<v Speaker 9>We're going to cut taxes for American workers and for

0:23:45.040 --> 0:23:47.679
<v Speaker 9>American companies that build here. We're going to make it

0:23:47.720 --> 0:23:50.560
<v Speaker 9>harder to ship American jobs overseas.

0:23:50.760 --> 0:23:52.040
<v Speaker 1>It's a total.

0:23:51.680 --> 0:23:54.680
<v Speaker 9>Shift and the way that we've done economic policy in

0:23:54.720 --> 0:23:56.000
<v Speaker 9>the United States of America.

0:23:56.200 --> 0:23:58.280
<v Speaker 1>But it was necessary. So, yeah, we're going to cut

0:23:58.320 --> 0:23:58.800
<v Speaker 1>your taxes.

0:23:58.840 --> 0:24:00.359
<v Speaker 9>You're going to have more money in your pocket, and

0:24:00.359 --> 0:24:02.320
<v Speaker 9>that's of course going to help you deal with the

0:24:02.359 --> 0:24:05.520
<v Speaker 9>cost of inflation. But that's not about offsetting the tariffs.

0:24:05.680 --> 0:24:09.800
<v Speaker 9>They work together penalized people for shipping our jobs overseas.

0:24:10.000 --> 0:24:12.560
<v Speaker 9>We want to reward hard working Americans. It's all part

0:24:12.640 --> 0:24:13.640
<v Speaker 9>of the same policy.

0:24:14.160 --> 0:24:16.480
<v Speaker 1>M I don't like it when say people say penalize.

0:24:18.880 --> 0:24:21.560
<v Speaker 1>What's Canada's uh tariff on us? What do they do

0:24:21.560 --> 0:24:23.639
<v Speaker 1>to us? Because I'm watching the Canadian Prime minister up

0:24:23.640 --> 0:24:26.879
<v Speaker 1>there talking about how Trump's tariffs are so miskits. The

0:24:26.880 --> 0:24:28.840
<v Speaker 1>old guy wearing his panties are the new guy. I

0:24:28.880 --> 0:24:31.440
<v Speaker 1>don't think they have a new guy. It's the new guy. Nah,

0:24:31.520 --> 0:24:33.560
<v Speaker 1>they don't have they haven't had an election yet. Well,

0:24:33.560 --> 0:24:36.320
<v Speaker 1>they call him the Canadian prime minister. Is that the

0:24:36.320 --> 0:24:38.520
<v Speaker 1>guy right there? No, the guy that was just honest,

0:24:38.560 --> 0:24:41.600
<v Speaker 1>He was the Canadians right, fair enough? Uh, he's a

0:24:41.640 --> 0:24:43.439
<v Speaker 1>caretaker jack. Well, that's true.

0:24:43.760 --> 0:24:48.120
<v Speaker 2>Uh, where's Canada stand by? They're not listed in alphabetical order.

0:24:50.560 --> 0:24:52.600
<v Speaker 2>They don't have Canada on this chart. I'll have to

0:24:52.600 --> 0:24:53.040
<v Speaker 2>look it up.

0:24:53.840 --> 0:24:56.240
<v Speaker 1>Trudeau had to step down because he's going through menopause.

0:24:58.480 --> 0:25:02.359
<v Speaker 1>Well played, What was I going to say? You've distracted me?

0:25:02.400 --> 0:25:07.359
<v Speaker 1>Now as you want to do fifty two B?

0:25:07.800 --> 0:25:09.560
<v Speaker 2>Michael? Do you have that? I don't have a time

0:25:09.600 --> 0:25:11.360
<v Speaker 2>on it. It's not like five minutes long, is it.

0:25:13.040 --> 0:25:13.399
<v Speaker 1>That's right.

0:25:13.440 --> 0:25:15.040
<v Speaker 6>The story I was trying to tell you is that

0:25:15.160 --> 0:25:18.119
<v Speaker 6>when we took cars from Korea in twenty twelve when

0:25:18.160 --> 0:25:20.680
<v Speaker 6>I grew up, there was no Korean cars in America.

0:25:20.720 --> 0:25:23.280
<v Speaker 6>When we took cars from Korea, the deal was we

0:25:23.320 --> 0:25:24.919
<v Speaker 6>could sell ag to Korea.

0:25:25.000 --> 0:25:25.720
<v Speaker 1>That was the deal.

0:25:25.920 --> 0:25:28.399
<v Speaker 6>They wouldn't let McDonald's bring in French fries because they

0:25:28.400 --> 0:25:30.600
<v Speaker 6>couldn't prove the origin of the French fry.

0:25:30.880 --> 0:25:32.560
<v Speaker 1>That is not a tariff.

0:25:32.840 --> 0:25:35.120
<v Speaker 6>That is called a non tariff trade barrier.

0:25:35.160 --> 0:25:35.919
<v Speaker 1>They take their.

0:25:35.800 --> 0:25:39.800
<v Speaker 6>Taxes and they subsidize their steel industry, or they subsidize

0:25:39.880 --> 0:25:42.840
<v Speaker 6>their energy, or they subsidize they give the tax back

0:25:42.880 --> 0:25:44.200
<v Speaker 6>to their car manufacturer.

0:25:44.560 --> 0:25:47.680
<v Speaker 1>This stuff has got to stop. America's got to stop.

0:25:47.400 --> 0:25:50.760
<v Speaker 6>Being exploited, and you're going to see America prosper. And

0:25:50.800 --> 0:25:54.120
<v Speaker 6>then and only then will Donald Trump make a deal

0:25:54.160 --> 0:25:57.880
<v Speaker 6>with each country when they've really really changed their ways.

0:25:58.320 --> 0:26:01.240
<v Speaker 6>Then they go stack down the road, but not run

0:26:01.400 --> 0:26:01.920
<v Speaker 6>back off.

0:26:02.080 --> 0:26:03.800
<v Speaker 1>And that's not off.

0:26:03.840 --> 0:26:06.400
<v Speaker 6>That is, let the deal maker make his deals when

0:26:07.160 --> 0:26:11.200
<v Speaker 6>and only if these countries can change everything about themselves,

0:26:11.440 --> 0:26:12.920
<v Speaker 6>which I doubt they will.

0:26:13.440 --> 0:26:15.440
<v Speaker 1>Hey, lady, you can't say so, you'll braack off down

0:26:15.480 --> 0:26:18.520
<v Speaker 1>the road. That's not dway Negotia and it works. Wow, man,

0:26:18.600 --> 0:26:22.920
<v Speaker 1>the media sucks. Yes, Katie, Canada is charging the United

0:26:22.960 --> 0:26:28.200
<v Speaker 1>States to twenty five percent tariff and our beautiful fifty

0:26:28.200 --> 0:26:28.640
<v Speaker 1>for state.

0:26:29.720 --> 0:26:32.480
<v Speaker 2>And there are other non trade barriers too that Canada

0:26:32.480 --> 0:26:35.240
<v Speaker 2>protects its beef, I think, or that sort of thing.

0:26:35.280 --> 0:26:37.800
<v Speaker 2>The non trade barriers or I'm sorry, non tariff trade

0:26:37.800 --> 0:26:39.320
<v Speaker 2>barriers are an important.

0:26:39.119 --> 0:26:39.720
<v Speaker 1>Facet of this.

0:26:39.960 --> 0:26:43.560
<v Speaker 2>It's much more complicated than your talking head morons make it.

0:26:43.760 --> 0:26:46.880
<v Speaker 2>South Korea, by the way, our great close ally who

0:26:46.920 --> 0:26:53.959
<v Speaker 2>again Kim Jong oun would be sucking down sushi in Gangnam?

0:26:54.520 --> 0:26:56.359
<v Speaker 2>Took me a minute to come up with that, remember

0:26:56.400 --> 0:26:58.200
<v Speaker 2>that son?

0:26:58.560 --> 0:26:59.879
<v Speaker 1>Anyway? Where was I?

0:27:00.119 --> 0:27:03.440
<v Speaker 2>Oh, Kim Jong owned be sugging out sushi and Gangnam

0:27:03.520 --> 0:27:03.880
<v Speaker 2>right now?

0:27:03.960 --> 0:27:05.280
<v Speaker 1>If it wasn't for the USA.

0:27:06.000 --> 0:27:09.760
<v Speaker 2>South Korea charges US fifty percent tariffs on average, and

0:27:09.800 --> 0:27:12.200
<v Speaker 2>Trump's punitive trade war tariffs on them are going to

0:27:12.240 --> 0:27:15.080
<v Speaker 2>be twenty five percent half of it Trump's say you

0:27:15.080 --> 0:27:17.040
<v Speaker 2>can trade wolver Yeah.

0:27:16.880 --> 0:27:21.720
<v Speaker 1>So somebody smart before tomorrow email us with your you know,

0:27:22.000 --> 0:27:27.720
<v Speaker 1>phdevil PhD level treatise on explaining why they get to

0:27:27.760 --> 0:27:33.160
<v Speaker 1>tariff US so high and were retaliating with less is

0:27:33.240 --> 0:27:36.280
<v Speaker 1>unholy in a trade war. Because I really really.

0:27:36.040 --> 0:27:39.200
<v Speaker 2>Do want to know if I'm seriously wrong on any

0:27:39.240 --> 0:27:39.520
<v Speaker 2>of this.

0:27:40.440 --> 0:27:45.280
<v Speaker 1>I'm a strong position. So here's Charles Payin of Fox. Interesting, dude.

0:27:45.480 --> 0:27:47.280
<v Speaker 10>The last thing we want to focus on right now

0:27:47.359 --> 0:27:49.480
<v Speaker 10>is the stock market. So there's a lot of culports here,

0:27:49.520 --> 0:27:51.240
<v Speaker 10>but we finally have woken up, and I think the

0:27:51.240 --> 0:27:54.280
<v Speaker 10>American publicly've been making a huge mistake to watch the

0:27:54.320 --> 0:27:57.880
<v Speaker 10>stock market. In fact, the administration says, listen, we want

0:27:57.920 --> 0:27:59.399
<v Speaker 10>to if you want to see where we're going, what

0:27:59.440 --> 0:28:02.399
<v Speaker 10>we like to do. Particularly remember President Trump was elected

0:28:02.440 --> 0:28:05.080
<v Speaker 10>first and foremost to bring inflation down, so you want

0:28:05.119 --> 0:28:07.040
<v Speaker 10>they want to see the dollar come down a little bit.

0:28:07.080 --> 0:28:08.879
<v Speaker 10>It's been too strong and it's going to need to

0:28:08.880 --> 0:28:12.000
<v Speaker 10>come down, probably to fight out some of the countermeasures.

0:28:12.040 --> 0:28:13.840
<v Speaker 1>The stock market. I would not worry at all.

0:28:13.880 --> 0:28:16.560
<v Speaker 10>In fact, I'd be a buyer of weakness, not a panic.

0:28:16.680 --> 0:28:19.400
<v Speaker 10>Not panic here. That's my message to America.

0:28:19.600 --> 0:28:22.119
<v Speaker 1>And so I mentioned this earlier the Financial Times with

0:28:22.320 --> 0:28:25.080
<v Speaker 1>an article out today. We should not wish for American

0:28:25.119 --> 0:28:27.679
<v Speaker 1>workers to return to the days of sewing tennis shoes

0:28:27.680 --> 0:28:32.399
<v Speaker 1>together in factories, which is weird, Like okay, what so

0:28:32.520 --> 0:28:36.280
<v Speaker 1>be better to be unemployed than to be sewing tennis

0:28:36.320 --> 0:28:39.720
<v Speaker 1>shoes because that fake disability getting welfare because that's beneath us.

0:28:39.720 --> 0:28:41.320
<v Speaker 1>I don't quite understand that argument.

0:28:41.560 --> 0:28:43.760
<v Speaker 2>But then there's hyping into a computer in a cubicle,

0:28:44.400 --> 0:28:47.920
<v Speaker 2>or to death and getting diabetes. I mean, what is

0:28:47.920 --> 0:28:49.240
<v Speaker 2>that argument exactly?

0:28:49.400 --> 0:28:50.200
<v Speaker 1>I don't know.

0:28:50.840 --> 0:28:54.160
<v Speaker 2>We're too good for that. Let those weird yellow people

0:28:54.200 --> 0:28:58.360
<v Speaker 2>in Vietnam do it. You're phrasing the unspoken point of

0:28:58.440 --> 0:28:59.600
<v Speaker 2>view being expressed there.

0:28:59.840 --> 0:29:04.320
<v Speaker 1>So it's good that Converse took their shoe manufacturing to

0:29:05.040 --> 0:29:06.520
<v Speaker 1>wherever they're made, not I think Vietnam.

0:29:07.200 --> 0:29:10.120
<v Speaker 2>But so we could all design iPhones. I know I've

0:29:10.160 --> 0:29:13.560
<v Speaker 2>designed seven or eight myself. Yeah, I don't finish.

0:29:13.360 --> 0:29:15.880
<v Speaker 1>That thought for me there. Whoever's writing that I should

0:29:15.880 --> 0:29:17.880
<v Speaker 1>read the whole article. It's in the Financial Times of Day.

0:29:17.920 --> 0:29:23.000
<v Speaker 1>But I was working toward the idea that there's the

0:29:23.400 --> 0:29:26.840
<v Speaker 1>whole national security aspect of not having any manufacturing, which

0:29:26.880 --> 0:29:29.600
<v Speaker 1>we've talked about, and Trump is brought up that if

0:29:29.600 --> 0:29:31.680
<v Speaker 1>we ever had to ramp up for a war or

0:29:31.760 --> 0:29:36.840
<v Speaker 1>another global pandemic or whatever, we don't make anything, what

0:29:37.360 --> 0:29:37.960
<v Speaker 1>are we going to do?

0:29:38.000 --> 0:29:42.320
<v Speaker 2>We could build an awesome fleet of AI battleships and

0:29:42.400 --> 0:29:46.000
<v Speaker 2>send them into a simulation against China. Well, they're building

0:29:46.040 --> 0:29:47.040
<v Speaker 2>the ones made of metal.

0:29:47.160 --> 0:29:50.680
<v Speaker 1>We could have a tremendous number of college graduates argue

0:29:50.680 --> 0:29:57.960
<v Speaker 1>with them about equity and gender. Any who this complex

0:29:58.040 --> 0:30:01.040
<v Speaker 1>as that's first thing joseid today is very, very complicated

0:30:01.120 --> 0:30:06.040
<v Speaker 1>and disruptive, Absolutely no doubt about that. Anybody who pretends

0:30:06.120 --> 0:30:07.840
<v Speaker 1>they know how this is going to turn out has

0:30:07.880 --> 0:30:08.720
<v Speaker 1>got to be lying.

0:30:09.080 --> 0:30:12.760
<v Speaker 2>Appears to note. Joe is seriously wrong. Joe's good to

0:30:12.800 --> 0:30:15.080
<v Speaker 2>his word. I have a great recipe for crow taco.

0:30:16.640 --> 0:30:17.160
<v Speaker 2>That's funny.

0:30:17.200 --> 0:30:18.680
<v Speaker 1>I'm not gonna have to crow because I haven't made

0:30:18.680 --> 0:30:21.360
<v Speaker 1>any strong statements. I honestly, I am just asking because

0:30:21.400 --> 0:30:24.640
<v Speaker 1>I don't know it just it doesn't make sense to

0:30:24.640 --> 0:30:28.280
<v Speaker 1>me on the face of it. All Right, here's okay.

0:30:28.840 --> 0:30:32.280
<v Speaker 2>Steve says, you've been stuckreed because the terifrates are actually

0:30:32.320 --> 0:30:34.600
<v Speaker 2>based on trade deficits, which is a completely different thing

0:30:34.600 --> 0:30:37.760
<v Speaker 2>and shows the depths of dishonesty by the administration. Cambodia,

0:30:37.800 --> 0:30:40.400
<v Speaker 2>for instance, has an actual average tarifrate around ten percent,

0:30:40.760 --> 0:30:43.720
<v Speaker 2>not anywhere near the ninety something percent shown neither of

0:30:43.760 --> 0:30:46.240
<v Speaker 2>South Korea imposing fifty percent tariffs. One could take the

0:30:46.280 --> 0:30:49.440
<v Speaker 2>position that we should harmonize terifrates and perhaps push back

0:30:49.440 --> 0:30:51.880
<v Speaker 2>on foreign government to export subsidies, but it shouldn't be

0:30:51.880 --> 0:30:56.560
<v Speaker 2>based on complete fabrications of data. I would agree with you, Steve,

0:30:56.640 --> 0:31:03.360
<v Speaker 2>one hundred percent, if that's correct. My only rejoinder would

0:31:03.360 --> 0:31:06.120
<v Speaker 2>be the Wall Street Journal editorial board apparently hasn't been

0:31:06.120 --> 0:31:11.600
<v Speaker 2>informed of that, because they haven't said that they hate

0:31:11.640 --> 0:31:12.440
<v Speaker 2>these tariffs.

0:31:12.760 --> 0:31:15.120
<v Speaker 1>Why have they not brought that up? I like the

0:31:15.120 --> 0:31:21.160
<v Speaker 1>idea of harmonizing the rates. That'd be good for everyone.

0:31:21.440 --> 0:31:22.959
<v Speaker 1>Uh more in the way and you can Texas four

0:31:23.040 --> 0:31:25.480
<v Speaker 1>one five two nine five kftc.

0:31:25.040 --> 0:31:28.640
<v Speaker 6>Our beef is beautiful.

0:31:30.600 --> 0:31:32.800
<v Speaker 11>I heard about a woman in Pennsylvania who was looking

0:31:32.800 --> 0:31:35.960
<v Speaker 11>for a jacket that she donated to charity after realizing

0:31:36.080 --> 0:31:39.280
<v Speaker 11>she left the two point five million dollar lottery ticket

0:31:39.480 --> 0:31:43.400
<v Speaker 11>in the pocket. It's tough going back to a charity like, hey,

0:31:43.440 --> 0:31:44.520
<v Speaker 11>I accidentally gave.

0:31:44.320 --> 0:31:52.560
<v Speaker 1>You money, an unfortunate error. I feel like there's a

0:31:52.640 --> 0:31:56.560
<v Speaker 1>reason you're playing the lottery on a regular basis. Well, dear,

0:31:56.720 --> 0:31:59.720
<v Speaker 1>you're very judgmental about that. I am we have for

0:31:59.760 --> 0:32:00.440
<v Speaker 1>your trap.

0:32:00.520 --> 0:32:05.640
<v Speaker 2>That's true, we don't so yes, I am enjoying a

0:32:05.920 --> 0:32:11.320
<v Speaker 2>delightful crow taco right now. A couple of folks have

0:32:11.680 --> 0:32:15.560
<v Speaker 2>sent this along, and what's amazing. Is I just I

0:32:15.600 --> 0:32:19.000
<v Speaker 2>did a very quick and cursory check. But the big

0:32:19.080 --> 0:32:20.480
<v Speaker 2>publications aren't.

0:32:21.200 --> 0:32:23.920
<v Speaker 1>Writing about this or getting to my point about how

0:32:24.000 --> 0:32:28.640
<v Speaker 1>awful economic coverage is. Yeah, I've got to scanning real

0:32:28.760 --> 0:32:30.080
<v Speaker 1>quick because I want to get that right. All right,

0:32:30.080 --> 0:32:30.600
<v Speaker 1>here's the deal.

0:32:31.000 --> 0:32:33.959
<v Speaker 2>Here is the actual statement from the Administration on the

0:32:33.960 --> 0:32:38.080
<v Speaker 2>reciprocal tariff calculations from the Office of the United States

0:32:38.080 --> 0:32:41.720
<v Speaker 2>Trade Representative. Reciprocal tariffs are calculated as a terraff f

0:32:41.760 --> 0:32:44.920
<v Speaker 2>right necessary to balance bilateral trade deficits between the US

0:32:44.920 --> 0:32:48.000
<v Speaker 2>and each of our trading partners. That premise is a

0:32:48.040 --> 0:32:52.680
<v Speaker 2>little wobbly the calculator because again, a giant rich country

0:32:52.720 --> 0:32:54.720
<v Speaker 2>is going to buy way more than it sells to

0:32:54.800 --> 0:32:55.880
<v Speaker 2>a small poor.

0:32:55.720 --> 0:32:57.640
<v Speaker 1>Country for obvious reasons.

0:32:57.720 --> 0:33:00.480
<v Speaker 2>This calculation assumes that persistent trade deficis it's are due

0:33:00.520 --> 0:33:03.000
<v Speaker 2>to a combination of tariff and non terror factors that

0:33:03.040 --> 0:33:08.160
<v Speaker 2>prevent trade from balancing tariffs work through direct reductions of imports. Again,

0:33:08.400 --> 0:33:10.200
<v Speaker 2>there are a lot of factors that have nothing to

0:33:10.200 --> 0:33:14.280
<v Speaker 2>do with tariffs and non terr effact like barriers to trade.

0:33:14.440 --> 0:33:17.320
<v Speaker 2>Reciprocal teriff rates range from zero percent to ninety nine percent,

0:33:17.320 --> 0:33:19.920
<v Speaker 2>with unweighted and import weighted averages of twenty percent forty

0:33:19.920 --> 0:33:22.719
<v Speaker 2>one percent, and then they go into a couple of

0:33:22.760 --> 0:33:29.720
<v Speaker 2>pages of details. So it is, yeah, it's misleading. The

0:33:29.800 --> 0:33:33.400
<v Speaker 2>approach that the administration is taking is misleading.

0:33:33.520 --> 0:33:37.640
<v Speaker 1>So saying so the Trump administration saying Vietnam has whatever

0:33:37.640 --> 0:33:39.760
<v Speaker 1>it is, a ninety percent tariff on things come in

0:33:39.760 --> 0:33:43.320
<v Speaker 1>the United States is not accurate. No, no, it's not okay.

0:33:43.480 --> 0:33:46.800
<v Speaker 2>So they have and the left does this constantly and

0:33:46.880 --> 0:33:50.200
<v Speaker 2>it makes me insane. They've essentially used words that sound

0:33:50.360 --> 0:33:54.240
<v Speaker 2>like something you think you know what they mean. Reciprocal

0:33:54.560 --> 0:34:01.880
<v Speaker 2>means mutually equal, right, good for the goose, good for

0:34:01.920 --> 0:34:05.000
<v Speaker 2>the gander, Well right, exactly, and this is not reciprocal

0:34:05.000 --> 0:34:11.640
<v Speaker 2>in the standard way. Now, I think my premise, my

0:34:11.719 --> 0:34:15.000
<v Speaker 2>conclusion is still right in that there are tariff and

0:34:15.040 --> 0:34:18.400
<v Speaker 2>non tariff barriers to US exports that are outrageous and

0:34:18.520 --> 0:34:23.480
<v Speaker 2>ridiculous and that ought to be equalized. But the administration

0:34:23.680 --> 0:34:27.239
<v Speaker 2>is greasing the skids by using numbers that aren't what

0:34:27.280 --> 0:34:27.880
<v Speaker 2>they seem to be.

0:34:28.120 --> 0:34:30.040
<v Speaker 1>I can't believe Europe won't let our beef in. What

0:34:30.040 --> 0:34:31.680
<v Speaker 1>do they eat for steak over there? Do they get

0:34:31.719 --> 0:34:34.440
<v Speaker 1>it from? Where do they get it from I don't know,

0:34:34.560 --> 0:34:39.560
<v Speaker 1>French beef, India. No, they European. You see the cows

0:34:39.600 --> 0:34:43.600
<v Speaker 1>there in England, right, your Jersey cattle. They don't have

0:34:43.719 --> 0:34:48.200
<v Speaker 1>enough feed lots to feed Europe. They don't beef over there. Well,

0:34:48.280 --> 0:34:53.640
<v Speaker 1>is that it? Why don't they beef? Is beautiful? I agree?

0:34:54.800 --> 0:34:59.200
<v Speaker 2>Hmm uh so okay, well I stand at least enlightened.

0:34:59.360 --> 0:35:02.279
<v Speaker 1>If not, well, maybe we're all going to get at

0:35:02.360 --> 0:35:07.200
<v Speaker 1>least a one hundred level class on international tariffs over

0:35:07.239 --> 0:35:11.680
<v Speaker 1>the next several days or weeks. Yeah, where this settles

0:35:11.800 --> 0:35:14.040
<v Speaker 1>in the next several days or weeks is anybody's guests

0:35:14.080 --> 0:35:17.480
<v Speaker 1>If you missed a segment of the podcast Armstrong and

0:35:17.600 --> 0:35:17.960
<v Speaker 1>Getty