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Speaker 1: Can't.

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Speaker 2: I am six forty.

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Speaker 3: You're listening to the John Cobelt Podcast on the iHeartRadio

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Speaker 3: app every day one to four after four o'clock. Whatever

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Speaker 3: you miss John Cobelt Show on demand the podcast Mooistline

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Speaker 3: eight seven seven Moist staighty six eight seven seven Moist

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Speaker 3: staighty six. We're going to play him back on Friday

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Speaker 3: social media at John Cobelt Radio. All right, we covered

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Speaker 3: it all there. Uh, all right, sit down, I want

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Speaker 3: you to spend some time with us here. We're going

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Speaker 3: to talk to Chris Leagratt. He and another writer, Jamie Page,

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Speaker 3: wrote a piece for The West Side Currents, which is

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Speaker 3: an online news site that obviously covers much of the

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Speaker 3: West Side of LA. But this is quite an investigation

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Speaker 3: city wide into how a huge amount of homeless money

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Speaker 3: was spent buying up old buildings and hotels and motels

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Speaker 3: to create homeless housing units. And the headline says it

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Speaker 3: all here. More than twelve hundred city own owned homeless

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Speaker 3: housing unit units remained vacant two years after an eight

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Speaker 3: hundred million dollar buying spree. Eight hundred million dollars two

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Speaker 3: years later, twelve hundred units vacant. What a massive waste

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Speaker 3: of money. Remember last hour you heard Newsom gibbering and drooling,

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Speaker 3: unable to explain how they blew twenty four billion without

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Speaker 3: any record of what happened to the money. Well, what

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Speaker 3: do we got here in La? Talk to Chris Leagras

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Speaker 3: and find out Chris, how.

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Speaker 1: Are you hey?

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Speaker 4: John? Doing well? Good to talk to you again.

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Speaker 3: This his story was hard to read, not that it

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Speaker 3: wasn't very well written, but it made me so angry

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Speaker 3: reading it, you know, I had to I had to

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Speaker 3: stop and put it down and go back to it.

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Speaker 3: It's like, this is just awful here.

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Speaker 2: What well?

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Speaker 3: I mean, do the overview and then I want to

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Speaker 3: focus on the lead in your story about the fifty

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Speaker 3: million dollar south Light building that they bought in the

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Speaker 3: Rundown neighborhood. But the overview is eight hundred million dollars,

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Speaker 3: I mean, what went on here?

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Speaker 1: So we have to go back to the fete days

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Speaker 1: of the pandemic, when the federal government allocated the Cares Act,

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Speaker 1: which was two point three I believe trillion dollars, which

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Speaker 1: was the COVID relief package, and within that there was

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Speaker 1: a bunch of money for housing and emergency housing and

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Speaker 1: homeless housing in particular. And you may recall we had

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Speaker 1: Project Room Key and then we had Project Home Key.

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Speaker 1: So the eight hundred million, it's actually closer to eight

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Speaker 1: hundred and ten million dollars spend was Project Home Key

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Speaker 1: and Project Home Key's purpose was to create at least

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Speaker 1: twenty five hundred units of permanent supportive housing. There's that

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Speaker 1: term that we all know so well. Yeah, permanent supportive

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Speaker 1: housing on an emergency expedited basis, using the pandemic as

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Speaker 1: the justification. And I think what this story shows John

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Speaker 1: once and for all is that when it comes to homelessness,

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Speaker 1: the only thing LA and California do expeditiously is spend

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Speaker 1: our money. Because they had no problem identifying and buying

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Speaker 1: these buildings. And there are a bunch of requirements in

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Speaker 1: terms of what you know constitutes permanent supportive housing, and

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Speaker 1: there's regulations and requirements, and then that's actually a whole

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Speaker 1: other story we'll get into in a minute. But the

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Speaker 1: upshot was TACKLA, the Housing Authority of the City of

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Speaker 1: Los Angeles, which is our public housing agency, was suddenly

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Speaker 1: flooded with hundreds of millions of dollars in federal cash,

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Speaker 1: and they were obligated to spend it on this permanent

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Speaker 1: supportive housing. So there were three rounds. In the first round,

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Speaker 1: we bought twenty motels and hotels, ranging from you know,

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Speaker 1: nice extended state type places that had kitchenettes and facilities

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Speaker 1: and all that, all the way down to hotel motels

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Speaker 1: down by the airport that if they hadn't been sold

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Speaker 1: the Hacklo would be built charging by the hour. Those

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Speaker 1: were initially used for interim housing they call it, but

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Speaker 1: again because home key is a permanent support of housing funds,

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Speaker 1: the city eventually had to convert and is in the

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Speaker 1: process of converting those buildings motels and hotels into essentially

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Speaker 1: many apartments. So in a sense, those buildings were buying

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Speaker 1: them twice, right, because we're buying wants to buy them,

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Speaker 1: and then we're buying them once to turn them into

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Speaker 1: something they were never intended to be.

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Speaker 4: Right.

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Speaker 1: Round two, which was twenty twenty two, is when they

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Speaker 1: started buying brand new buildings, and again the rationale was

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Speaker 1: the pandemic was upending the real estate market. A lot

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Speaker 1: of these buildings that otherwise would not have been available

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Speaker 1: were available, and in that round the city bought Hackla,

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Speaker 1: bought eighteen properties, eight of which were these brand new buildsuildings,

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Speaker 1: and ten of which were again hotels and motels that

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Speaker 1: they have to convert. And that's where we get to

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Speaker 1: just sort of the the microcosm of this whole process

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Speaker 1: is that building down on Florence sixteen to fifty four

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Speaker 1: West Florence, for which the city paid a cool fifty million.

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Speaker 2: Dollars fifty five oh million.

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Speaker 1: Fifty five Oh, well, technically forty nine point eight.

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Speaker 3: Okay, well we'll call it fifty million dollars for a

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Speaker 3: five story apartment building on West Florence, which was a

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Speaker 3: really run down neighborhood.

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Speaker 1: Well, and that's that's another issue, and we're going to

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Speaker 1: have to probably do you know, talk about this again

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Speaker 1: because there's so many moving parts here. But a lot

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Speaker 1: of these buildings are in the middle of nowhere. I mean,

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Speaker 1: imagine you take a homeless person, you stick them in

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Speaker 1: this building on West Florence. There's no parking so that

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Speaker 1: they can't have a car. There's you know, as I

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Speaker 1: said in the story, the only real businesses are liquor

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Speaker 1: stores and pot shops. And then okay, go rebuild your

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Speaker 1: life in that situation. Best of luck. So Not only

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Speaker 1: are we spending these exorbitant sums for buildings, we're doing

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Speaker 1: it in places where there's there's nothing to help these

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Speaker 1: people get back on their feet, even assuming we were

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Speaker 1: ever able to get the bureaucracy.

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Speaker 4: To do that.

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Speaker 1: So the prices are exorbitant, and again one year, two years,

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Speaker 1: in some cases three plus years later, they're empty. And

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Speaker 1: actually we may have underestimated the vacancies. We're still teasing

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Speaker 1: that out a little bit, but we've since gotten some

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Speaker 1: additional information.

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Speaker 3: This is what this was a whole rush job because

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Speaker 3: of the pandemic. They sent us hundreds of millions of

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Speaker 3: dollars and two years later, no one's living in these buildings.

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Speaker 3: I don't understand this was a rush job. How come

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Speaker 3: they skipped over the part where the homeless are supposed

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Speaker 3: to live in a home.

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Speaker 1: Well, because you know, they got done spending our money.

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Speaker 1: I mean, the urgency is suddenly gone.

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Speaker 2: So they just sit there empty.

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Speaker 1: Well this is they sit there empty. One thing that

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Speaker 1: has to happen, and this is the ultimate you know.

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Speaker 1: Another irony is that most of these buildings, including the

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Speaker 1: brand new ones, they need to spend additional money after

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Speaker 1: these exorbitant sales, they have to spend even more millions

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Speaker 1: doing things like converting several So they'll buy a building,

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Speaker 1: and the first thing they'll do, if it's one hundred

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Speaker 1: unit building, they're going to take five to ten of

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Speaker 1: those units to create a manager's residence, a manager's office,

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Speaker 1: a function room, a service room. So they're buying buildings

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Speaker 1: that aren't even adequately design resource designs for the purpose

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Speaker 1: that they're being put to. So we buy these expensive buildings,

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Speaker 1: then we spend millions more and several years bringing them

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Speaker 1: up to the permanent supportive housing requirements. And same thing

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Speaker 1: with the with the motels and hotels. They have to Again,

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Speaker 1: we're kicking people out of interim housing. So imagine you

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Speaker 1: take somebody who's been homeless, put them in interim supportive

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Speaker 1: housing in one of these motels, and then six months later, oh, sorry,

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Speaker 1: you're you don't have housing anymore.

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Speaker 3: So they didn't they didn't put it, so they didn't

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Speaker 3: put homeless in these units.

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Speaker 2: They actually kicked out homeless.

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Speaker 1: In the hotels and motels that were being used for

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Speaker 1: interim housing. They're in the process of kicking them all out. Yes,

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Speaker 1: and I've spoken with several of the homeless. Hakla is

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Speaker 1: going to be spending another ten million dollars on relocation.

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Speaker 3: The eight hundred million dollars produced more homeless because of

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Speaker 3: these evictions. All right, hang on, I got to take

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Speaker 3: a break. Can you do another segment?

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Speaker 2: Yeah, of course, because we.

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Speaker 3: Can't end there. Chris lagrash He and Jamie Page have

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Speaker 3: written a piece in the West Side Current about eight

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Speaker 3: hundred million dollars a buying spree that the city spent

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Speaker 3: buying up old buildings and hotels and motels and created

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Speaker 3: twelve hundred homeless housing units, but they remained vacant.

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Speaker 2: There's emergency spending.

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Speaker 3: They got money from the federal government, and not only

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Speaker 3: did no homeless get housed, but as you just heard,

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Speaker 3: they kicked out homeless because some of these motels were

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Speaker 3: being used as interim housing. So the homelessness increased. In

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Speaker 3: case you wonder, why would they do their studies every

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Speaker 3: year the homeless increases even though we spent billions.

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Speaker 2: Here's an example.

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Speaker 5: You're listening to John Cobelt on demand from KFI AM

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Speaker 5: six forty.

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Speaker 3: We continue with Chris legras He's written piece for the

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Speaker 3: West Side Current along with Jamie Page, and it's about

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Speaker 3: how the city of Los Angeles got eight hundred million

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Speaker 3: dollars of federal money during the pandemic and they were

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Speaker 3: supposed to house the homeless with with it, and they

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Speaker 3: bought dozens of buildings and including motels and hotels, but

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Speaker 3: after two years, twelve hundred units are still vacant. So

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Speaker 3: as an emergency they spent the money real fing they

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Speaker 3: bought up all these buildings, but they never put any

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Speaker 3: homeless in there. In fact, where we left off, they

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Speaker 3: kicked out some homeless who had an interim arrangement in

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Speaker 3: some of the motels. And as Chris said, they've ended

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Speaker 3: up really paying for the buildings twice, once to buy

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Speaker 3: it and then once to do massive renovations because these

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Speaker 3: buildings are not designed to house homeless people and all

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Speaker 3: the supportive services. Chris, one theme in your story is

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Speaker 3: the tremendous amount of money they paid for each individual building,

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Speaker 3: way way over market price.

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Speaker 1: What's that about, Well, two things, the hotels and the motels.

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Speaker 1: You know, you compare assessments, and you compare what they

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Speaker 1: had sold for in the past to what Pakua paid,

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Speaker 1: and in many many cases they overpaid. I'll give you

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Speaker 1: an example. There's a motel down on Western Avenue and

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Speaker 1: Exposition Park called the EC Motel, and it is as

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Speaker 1: run down to prepit the building as can imagine, covered

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Speaker 1: in graffiti. It was assessed in twenty nineteen for three

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Speaker 1: point six million, which I think was too much even

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Speaker 1: even at that, and HACKLA paid five point five million

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Speaker 1: for it. Now the punchline to that is that we

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Speaker 1: went down there a couple of weekends ago. The entire

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Speaker 1: building is sealed up in plastic. There microbial hazard signs everywhere,

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Speaker 1: do not enter danger. And this is this is this

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Speaker 1: is one of the buildings that HACKLA spent our money on.

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Speaker 1: And there's a number of other buildings. So at one

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Speaker 1: end of the spectrum you have these luxury buildings in

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Speaker 1: neighborhoods that really they're what they are is the beginning

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Speaker 1: of gentrification. They just happened to hit the pandemic, so

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Speaker 1: now they're going to be homeless housing. But these are

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Speaker 1: developers who are going into lower income communities and starting

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Speaker 1: to build out around transit stops, which we call the

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Speaker 1: Scott Wiener Special.

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Speaker 3: Yeah, they're building luxury buildings in Rundown neighborhoods.

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Speaker 4: Yeah.

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Speaker 3: Yeah, And but those buildings weren't meant for homeless people,

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Speaker 3: were they?

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Speaker 1: Not a single building that hack La bought was ever

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Speaker 1: intended as homeless house, not one of them. There are

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Speaker 1: thirty eight total buildings, and there are three more were

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Speaker 1: in the final round of home key, which is just

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Speaker 1: sort of the drigs and dreds of funding that's left.

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Speaker 1: But in the two major rounds between twenty twenty and

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Speaker 1: twenty twenty three, they bought thirty eight buildings, not a

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Speaker 1: single one of which was designed or intended for homeless house.

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Speaker 3: But why did they have to spend so much money

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Speaker 3: on these buildings?

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Speaker 1: I I that's the literally the fifty million dollar question

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Speaker 1: is a why do they chose these types of buildings

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Speaker 1: that they did. Why the strictures of home key are

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Speaker 1: so inflexible. Again, some of these extended staytel hotels, there's

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Speaker 1: four of them that they bought. There's almost five hundred rooms.

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Speaker 1: They already have kitchen nets, they already have resources, they

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Speaker 1: have business centers. You know, they're designed for traveling business

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Speaker 1: people who are going to be there for a while.

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Speaker 1: They're perfectly well appointed. But because these home key requirements

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Speaker 1: are so inflexible, we have to go in and again

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Speaker 1: after we've bought the buildings once we have to go

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Speaker 1: in and spend millions more to meet these requirements. And

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Speaker 1: I don't know why there's no pushback on those requirements.

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Speaker 1: I don't know why there's no flexibility in what constitutes housing.

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Speaker 1: It just seems like the bureaucracy is doing its thing

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Speaker 1: and moving forward relentlessly in slow motion.

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Speaker 3: With all your interviews, did you run anybody on the

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Speaker 3: inside involved in these programs who said this is nuts?

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Speaker 3: Or do they all just go along with it because

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Speaker 3: just another day at work. Yes, we're wasting enormous amounts

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Speaker 3: of money, that's what we do.

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Speaker 1: No one spokesperson thanked us for bringing up this very

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Speaker 1: important issue. But no, there's no sense of urgency. There's

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Speaker 1: no sense of accountability, and accountability as always with this system,

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Speaker 1: with this homeless system we've built, is a game of

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Speaker 1: hot potato every agency. Eventually, when you start getting a

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Speaker 1: little bit too hot, they end up preferring you to

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Speaker 1: another agency, and that's the way they just kind of

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Speaker 1: keep the shell game moving. Now, they will say that

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Speaker 1: all of these buildings will finally be occupied by the

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Speaker 1: first quarter of next year, although that date has slipped

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Speaker 1: several times already. But the question remains, how did we

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Speaker 1: spend all of this money in a flash? How do

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Speaker 1: we buy so many buildings that are just flatly unsuited

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Speaker 1: for the purpose that they're going to be intended? And

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Speaker 1: why are we spending tens of millions more to bring

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Speaker 1: them up to snuff. And I don't know if you

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Speaker 1: heard this at the end of the last segment, but

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Speaker 1: one of the other cost centers, as we kick people

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Speaker 1: out of interim housing, HAKLA is going to spend ten

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Speaker 1: point two million dollars on relocation consultants.

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Speaker 3: Relocation consultants these for the homeless people that they kicked down.

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Speaker 1: Yes, apparently, Apparently relocation consultants is a job.

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Speaker 3: Ten dollars, Yes, to move people from one motel to another.

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Speaker 4: Yes.

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Speaker 1: And many of the home the folks we talk to

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Speaker 1: who are being moved out have not been contacted by

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Speaker 1: any resources. I talked to a woman I probably shouldn't

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Speaker 1: identify the place for her sake, but she was one

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Speaker 1: of ten people left of one hundred and twenty plus

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Speaker 1: unit extended stay And I'm sitting there in the driveway

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Speaker 1: and I said, well, well, have you you know, been contacted?

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Speaker 1: Do you know where you're going to go, she said no.

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Speaker 1: Have you gotten any support? She said no. And as

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Speaker 1: we're talking, the security guard is like Carl Lewis sprinting

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Speaker 1: at us, and he demands that I get off the

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Speaker 1: private property and she goes back inside. So there, yeah,

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Speaker 1: a threat anything else. When you really get into the

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Speaker 1: nitty gritty. Sure, the spokespeople will talk to you. M'll

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Speaker 1: be nice answering your questions. But boy, when you start

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Speaker 1: getting close to home, they circle the wagons very quickly.

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Speaker 3: Oh my god, I can't imagine the corruption going on here.

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Speaker 3: That's probably for another day. Thank you very much for

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Speaker 3: coming on, Chris, and everybody should read this. At westside

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Speaker 3: current dot com. The headline is more than twelve hundred

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Speaker 3: city owned homeless housing units remained vacant two years after

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Speaker 3: an eight hundred million dollar buying spree.

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Speaker 2: Chris Legras, L E. G R. A. S.

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Speaker 3: And Jamie Page read it vote differently when we come back.

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Speaker 3: The Washington Post was lecturing its readers we should stop

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Speaker 3: washing our dishes with hot water, and we should stop

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Speaker 3: washing our clothes in hot water because we're destroying the planet.

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Speaker 2: That what.

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Speaker 6: Certain items need to be washed?

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Speaker 2: Nope, see you want to you want to harm the planet?

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Speaker 6: Well, I want clean underwear.

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Speaker 2: Uh.

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Speaker 5: You're listening to John Cobels on demand from KFI A

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Speaker 5: M six forty.

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Speaker 3: We're on from one to four and then after four

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Speaker 3: o'clock John Cobelt Show on Demand. That's the podcast version,

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Speaker 3: and we had a lot of good stuff today. You

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Speaker 3: should go listen to the podcast if you've missed it.

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Speaker 3: I tell you what we did already, but.

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Speaker 4: I don't have time.

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Speaker 2: We're already running late.

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Speaker 3: Cottaway coming up after four o'clock. Okay, you know, I

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Speaker 3: get a little teas about this story before the news,

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Speaker 3: and there's even more to it. The Washington Post has

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Speaker 3: a story lecturing its readers that you should no longer

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Speaker 3: use hot water to wash your dishes, no longer use

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Speaker 3: hot water for your laundry, and no longer use hot

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Speaker 3: water for your shower because the energy that you're using

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Speaker 3: heating all this water is harming the planet. Hot water

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Speaker 3: is a great way to get grease off your dishes

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Speaker 3: and to get stains out of your clothing or sweat

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Speaker 3: dirt off your body.

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Speaker 7: That's right, But the U and who takes a cold

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Speaker 7: showerh me just weirdes I need it hot, you're hot

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Speaker 7: and wet.

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Speaker 3: Oh god, because you're not wearing any clothes in the

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Speaker 3: shower either, so you're trying to get across. The post

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Speaker 3: says if we washed four out of five loads of

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Speaker 3: laundry and cold water, we would cut eight hundred and

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Speaker 3: sixty four pounds of carbon dioxide out of the atmosphere,

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Speaker 3: the equivalent to planting a third of an acre of forest.

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Speaker 7: Oh well, I'm not stopping any of those three. I'm

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Speaker 7: just saying.

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Speaker 6: I mean, I'm one.

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Speaker 3: Person, like this is what the climate fanatics think about.

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Speaker 3: It's like, you use hot water to wash your dishes.

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Speaker 3: Why that's a third of an acre of forest you

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Speaker 3: could be planting.

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Speaker 7: I'll tell you what those people can do the cold water, right,

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Speaker 7: there's enough people that are worried about that, so they

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Speaker 7: can do the cold water and we can do the

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Speaker 7: hot water.

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Speaker 3: Yeah, I mean, you know there's germs and clothes, that's right.

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Speaker 3: The hot water helps kill the germs. Then it's got

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Speaker 3: all your body oils. Yes, go in there. Yes, a shower.

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Speaker 3: Half of a home's hot water is used for bathing.

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Speaker 3: You should rethink washing your hands with hot or warm

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Speaker 3: water for the same reason. Now we just did a

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Speaker 3: story about hepatitis being passed because the homeless had poop

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Speaker 3: on their hands.

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Speaker 6: You have to wash your hands in hot water soap.

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Speaker 3: You're ruining the planet. Just just take the take the hepatitis.

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Speaker 3: Do it for the planet. And they say you should

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Speaker 3: not pre ridch your dishes in hot water. That's a waste.

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Speaker 3: Just put them in the dish washing.

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Speaker 6: Okay, that's fine. I can live with that one.

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Speaker 1: See.

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Speaker 3: The thing is a lot of people find the dishwashers

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Speaker 3: don't get I mean my I gave up on my

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Speaker 3: dishwasher because it just never got the food off the

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Speaker 3: dish unless I yes, I personally, I do most of

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Speaker 3: the dishes in the house.

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Speaker 6: Wow, well there's only two of you usually.

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Speaker 1: So.

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Speaker 2: I'm just letting you know.

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Speaker 3: Okay, all right, if you stack up all my dishes

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Speaker 3: against anybody else who's in the house, I mine goes

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Speaker 3: up as high as the Empire State building. Wow. Yeah,

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Speaker 3: I'm a real man. And he use hot water for

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Speaker 3: I mean, I'm fouling the planet. They don't want to see,

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Speaker 3: but they they want us to live like we're in

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Speaker 3: the eighteen hundreds. Like if you were in the eighteen hundreds,

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Speaker 3: you know what, you would do what you would be

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Speaker 3: taking your dirty clothes out to the river, and you'd

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Speaker 3: be washing them in the river the cold, right and

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Speaker 3: then and then squeezing out the water and laying them

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Speaker 3: out on the fields to dry. You would be swimming

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Speaker 3: in the river washing yourself. You'd be dragging stacks of

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Speaker 3: plates out there. He's be spending a couple hours out

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Speaker 3: in the river.

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Speaker 6: But it's twenty twenty four.

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Speaker 2: I mean, you really were not designed to leave.

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Speaker 6: No, one hundred percent.

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Speaker 7: I need my my hair dryer and my flat iron,

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Speaker 7: and my heat and my lights and my phone.

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Speaker 3: And no, I'm trying to imagine your housewife in eighteen twenties.

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Speaker 5: God.

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Speaker 7: No, And I had never called myself a housewife either,

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Speaker 7: even though some people may be okay with that term.

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Speaker 2: Uh huh.

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Speaker 3: But go ahead, you go, just dig yourself a nice

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Speaker 3: big hole here, jump in. No, it's just just people

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Speaker 3: like you didn't exist in the eighteen hundreds.

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Speaker 6: Probably not No.

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Speaker 3: Me, tro I know, just let her keep talking. Like

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Speaker 3: if somebody were to say, how should I work with Debra?

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Speaker 3: I said, just let her talk?

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Speaker 6: Okay, is that time for me to do the news?

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Speaker 3: Oh?

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Speaker 2: No, just keep talking. Now you've insulted all the housewives listening.

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Speaker 7: Okay, I don't like to be called a housewife because

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Speaker 7: I never I.

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Speaker 6: Never was one.

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Speaker 3: Nobody called you a housewife. I just said in the

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Speaker 3: eighteen twenties, right, I.

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Speaker 6: Would have you said, I would never have been a housewife.

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Speaker 7: Right, Okay, let's just delete, delete, delete that all right?

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Speaker 2: Coming up?

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Speaker 3: Do you know the unemployment rate in California is probably

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Speaker 3: double what they say it is.

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Speaker 2: I'll explain.

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Speaker 5: You're listening to John Cobels on demand from KFI AM

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Speaker 5: sixty Conway.

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Speaker 3: Coming up in a few minutes. The California unemployment rate,

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Speaker 3: which gets no coverage because nobody in the news media

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Speaker 3: and the state cares.

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Speaker 2: But it's the highest in the country. It's highest in

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Speaker 2: the nation.

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Speaker 3: And the thing is, I've always said unemployment rates are

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Speaker 3: fake numbers because it doesn't count a lot of people

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Speaker 3: who are not working but would like to work or

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Speaker 3: work more than they are. We'll give you an example.

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Speaker 3: Jonathan Lanzer and the Orange County Register says, is California's

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Speaker 3: unemployment rate really nine and a half percent? I think

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Speaker 3: it's around five for five point two on the bucks,

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Speaker 3: but he says it's almost double the official rate, and

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Speaker 3: it's the highest in the nation. Nevada would be at

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Speaker 3: eight point nine at last at eight point six, Washington

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Speaker 3: eighty six, New Jersey eight three. But you're asking, well,

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Speaker 3: where do you get nine and a half, Well, if

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Speaker 3: you add up the official unemployed, along with the discouraged workers,

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Speaker 3: the ones who can't find a job for what ever reason,

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Speaker 3: those who are underemployed, they're working part time, they want

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Speaker 3: full time. It also counts people with no jobs because

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Speaker 3: they haven't recently looked for work. There's a lot of

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Speaker 3: people in this gray area who would work if there

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Speaker 3: was the right opportunity or if the economy was producing

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Speaker 3: the kinds of jobs. I guess they're qualified for that

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Speaker 3: they want to do. And when you look at that

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Speaker 3: nine and a half percent of Californians are unemployed, high

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Speaker 3: interest rates have really messed with like real estate related industries,

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Speaker 3: manufacturing struggling because the dollar is strong, and you know,

442
00:24:52,520 --> 00:24:55,240
Speaker 3: there's a lot of companies that have laid off a

443
00:24:55,280 --> 00:24:59,760
Speaker 3: lot of office workers. I think we found out after

444
00:24:59,760 --> 00:25:02,160
Speaker 3: the pandemic that a lot of people really aren't needed

445
00:25:02,160 --> 00:25:11,720
Speaker 3: anymore and they're unemployed, maybe officially, maybe unofficially. I also

446
00:25:11,760 --> 00:25:14,119
Speaker 3: suspect there's I really do suspect that a lot of

447
00:25:14,160 --> 00:25:17,240
Speaker 3: employed people really aren't working that much if they're working

448
00:25:17,600 --> 00:25:23,040
Speaker 3: at a home. That's just my anecdotal observations. In any event,

449
00:25:24,080 --> 00:25:29,480
Speaker 3: the US jobless rate is seven point seven percent, but

450
00:25:29,520 --> 00:25:32,080
Speaker 3: in California it's nine point five. So we have the

451
00:25:32,119 --> 00:25:36,800
Speaker 3: highest regular unemployment rate. We have the highest real unemployment

452
00:25:36,880 --> 00:25:42,239
Speaker 3: rate that I was just describing here. We have an

453
00:25:42,320 --> 00:25:48,200
Speaker 3: inflation rate that is being fed not only by Newsom's twenty.

454
00:25:47,920 --> 00:25:49,040
Speaker 2: Dollars minimum wage.

455
00:25:49,760 --> 00:25:53,240
Speaker 3: You realize that's caused obviously a lot of restaurant food

456
00:25:53,280 --> 00:25:55,600
Speaker 3: to get jacked up, right, So that's added to the

457
00:25:55,640 --> 00:25:58,200
Speaker 3: inflation rate. And then we told you earlier in the

458
00:25:58,240 --> 00:26:01,520
Speaker 3: show about the extra dollar in gas taxes that are

459
00:26:01,560 --> 00:26:03,960
Speaker 3: coming over the next two years. Well that's going to

460
00:26:04,200 --> 00:26:07,840
Speaker 3: further add to the inflation rate. Diesel prices are going

461
00:26:07,920 --> 00:26:09,919
Speaker 3: to go up well more than a dollar. That's going

462
00:26:10,000 --> 00:26:13,840
Speaker 3: to add more inflation because of because all deliveries, all

463
00:26:13,840 --> 00:26:18,240
Speaker 3: deliveries of all truck good truck delivered goods are going

464
00:26:18,320 --> 00:26:21,359
Speaker 3: to go up as well, So everything, everything's going to

465
00:26:21,400 --> 00:26:23,000
Speaker 3: go up. The inflation here is going to be worse,

466
00:26:23,240 --> 00:26:26,639
Speaker 3: and it's directly due to the policies that Newsom has

467
00:26:26,720 --> 00:26:29,720
Speaker 3: laid down and the Democratic legislature.

468
00:26:29,320 --> 00:26:33,240
Speaker 2: Tivity doo givity too, and it hurt.

469
00:26:33,320 --> 00:26:34,960
Speaker 3: You know, we got twenty five percent of the state

470
00:26:35,000 --> 00:26:38,960
Speaker 3: in poverty. The middle class is shrinking, but you know

471
00:26:39,280 --> 00:26:42,720
Speaker 3: it's still there. They're the ones we're getting hurt by

472
00:26:42,720 --> 00:26:46,440
Speaker 3: all this. Oh yeah, this, we got Conway. Hey, no,

473
00:26:47,720 --> 00:26:48,480
Speaker 3: and Thompson.

474
00:26:48,680 --> 00:26:49,240
Speaker 4: Oh yeah, yeah.

475
00:26:49,240 --> 00:26:51,000
Speaker 2: I couldn't think of his name, Mark Thompson.

476
00:26:51,080 --> 00:26:54,040
Speaker 4: Mark Thompson's all that loyal listening I did yesterday. I

477
00:26:54,080 --> 00:26:56,200
Speaker 4: heard you going off about gascon I thought you were

478
00:26:56,200 --> 00:26:58,400
Speaker 4: really good.

479
00:26:57,840 --> 00:27:02,120
Speaker 8: I'm with you at the gas it's fifty cents here there.

480
00:27:02,280 --> 00:27:03,760
Speaker 4: We're with you or with you all the time. Then

481
00:27:03,760 --> 00:27:04,560
Speaker 4: you can't remember my name.

482
00:27:05,680 --> 00:27:08,640
Speaker 2: But look, I think you're onto something there.

483
00:27:08,800 --> 00:27:09,000
Speaker 4: You know.

484
00:27:09,080 --> 00:27:11,200
Speaker 8: If they want us to all get out of our cars,

485
00:27:11,520 --> 00:27:13,359
Speaker 8: which you know I understand, that's their you know, I

486
00:27:13,440 --> 00:27:15,960
Speaker 8: disagree with that, but that's their that's their goal. Yeah,

487
00:27:16,040 --> 00:27:19,120
Speaker 8: then make the public transportation safe. Don't kill us.

488
00:27:20,400 --> 00:27:23,400
Speaker 3: Yeah, we had two stabbings yesterday, that's right.

489
00:27:23,520 --> 00:27:26,680
Speaker 8: Yeah, Yeah, it's horrible. We have a story coming out

490
00:27:26,680 --> 00:27:29,280
Speaker 8: of San Francisco. They have a new policy where they're

491
00:27:29,280 --> 00:27:31,880
Speaker 8: going to give homeless people free shots of vodka.

492
00:27:31,920 --> 00:27:32,359
Speaker 2: Do you see that?

493
00:27:32,720 --> 00:27:33,440
Speaker 4: I did not see.

494
00:27:34,000 --> 00:27:37,080
Speaker 3: I did see the shots of vodka. Yeah, choice, Yes,

495
00:27:37,320 --> 00:27:40,000
Speaker 3: you can get a twelve inn s can of beer.

496
00:27:40,080 --> 00:27:42,720
Speaker 3: I'm not making this up. A two ounce shot of

497
00:27:42,800 --> 00:27:45,920
Speaker 3: vodka or five ounce class of wine.

498
00:27:45,920 --> 00:27:47,480
Speaker 4: And what is the thinking behind it?

499
00:27:47,920 --> 00:27:49,880
Speaker 8: Well, it's it's sort of like a new prison up there.

500
00:27:49,880 --> 00:27:51,639
Speaker 8: You know, the streets are so filthy, it's gonna be

501
00:27:51,840 --> 00:27:53,480
Speaker 8: three shots and a con up there.

502
00:27:54,480 --> 00:27:58,600
Speaker 2: They have they send nurses over. But doesn't that have

503
00:27:58,680 --> 00:27:58,960
Speaker 2: to be.

504
00:27:59,119 --> 00:28:02,600
Speaker 8: A you know, a non compete bid and has to

505
00:28:02,640 --> 00:28:05,520
Speaker 8: be one of their friends that is capitalizing on this thing. Yeah, yeah,

506
00:28:05,560 --> 00:28:08,200
Speaker 8: Well something's going on up there. I don't know what's

507
00:28:08,240 --> 00:28:11,439
Speaker 8: going on, but we're here. Also, Disney is the news

508
00:28:11,480 --> 00:28:13,080
Speaker 8: with streaming and Caitlin Clark.

509
00:28:13,119 --> 00:28:15,080
Speaker 2: The w NBA is taken off. Whether you like that

510
00:28:15,240 --> 00:28:17,120
Speaker 2: or not, it's becoming huge.

511
00:28:17,320 --> 00:28:21,240
Speaker 8: SpaceX launches the fiftieth Falcon nine rocket.

512
00:28:21,280 --> 00:28:22,720
Speaker 2: That's good, that's a cool deal.

513
00:28:22,800 --> 00:28:26,080
Speaker 8: And UCLA may be forced to pay millions of dollars

514
00:28:26,240 --> 00:28:27,479
Speaker 8: to leave the Pac twelve.

515
00:28:27,480 --> 00:28:29,320
Speaker 2: You know, they're moving on. They're going to uh where,

516
00:28:29,280 --> 00:28:29,800
Speaker 2: They're going to.

517
00:28:29,760 --> 00:28:32,480
Speaker 8: The Big Gate down to the Pack two Big ten

518
00:28:32,680 --> 00:28:34,280
Speaker 8: or whatever it is or what it is.

519
00:28:34,359 --> 00:28:36,000
Speaker 2: I can't believe they destroyed that league.

520
00:28:36,119 --> 00:28:38,600
Speaker 8: Yeah, but you know what, but look when UCLA and

521
00:28:38,680 --> 00:28:41,600
Speaker 8: USC we're gonna get Michigan, Michigan out here. We're going

522
00:28:41,640 --> 00:28:44,640
Speaker 8: to get Ohio State every year or or there. You know,

523
00:28:44,840 --> 00:28:47,000
Speaker 8: UCLA will go to play you know, Ohio State.

524
00:28:47,840 --> 00:28:50,160
Speaker 2: There could be some big games then, you know, forget this.

525
00:28:50,360 --> 00:28:53,880
Speaker 8: Uh you know what is it like Nevada State, you know,

526
00:28:54,240 --> 00:28:56,000
Speaker 8: or New Mexico University?

527
00:28:56,000 --> 00:28:58,320
Speaker 2: Who cares? I think state?

528
00:28:58,400 --> 00:29:01,040
Speaker 8: We want to play the big colleges, big colleges, and

529
00:29:01,040 --> 00:29:02,080
Speaker 8: they're all coming out here.

530
00:29:02,160 --> 00:29:04,680
Speaker 2: Tim is geographically challenged, right He's.

531
00:29:04,720 --> 00:29:05,360
Speaker 4: Making them up.

532
00:29:05,680 --> 00:29:08,240
Speaker 8: There's a lot more we cant Fresno State, we can

533
00:29:08,320 --> 00:29:09,440
Speaker 8: make up a whole three hours.

534
00:29:09,480 --> 00:29:12,360
Speaker 2: Doesn't UCLA play Fresno State? I don't know?

535
00:29:12,440 --> 00:29:15,400
Speaker 8: And USC they play Fresno State. Right now, it's gonna

536
00:29:15,400 --> 00:29:22,360
Speaker 8: be Ohio State, Michigan, you know, big colleges, Notre Dame, LSU, Alabama,

537
00:29:23,280 --> 00:29:26,040
Speaker 8: you know, Georgia. There's some big names coming away to

538
00:29:26,040 --> 00:29:26,479
Speaker 8: stop him.

539
00:29:27,160 --> 00:29:28,960
Speaker 4: He's making a point, John stand clear.

540
00:29:29,080 --> 00:29:33,040
Speaker 2: Those are good, those those are great points. Conway's next.

541
00:29:33,480 --> 00:29:37,680
Speaker 3: Thompson's got the news Nomsons with Conyways as the news

542
00:29:37,800 --> 00:29:42,200
Speaker 3: whatever cares uh live in the KFI twenty four hour Newsroom. Hey,

543
00:29:42,560 --> 00:29:45,080
Speaker 3: you've been listening to the John Cobalt Show podcast. You

544
00:29:45,080 --> 00:29:47,480
Speaker 3: can always hear the show live on kf I Am

545
00:29:47,520 --> 00:29:50,479
Speaker 3: six forty from one to four pm every Monday through Friday,

546
00:29:50,520 --> 00:29:53,800
Speaker 3: and of course, anytime on demand on the iHeartRadio app