1 00:00:00,120 --> 00:00:01,080 Speaker 1: Well, we have come in. 2 00:00:02,560 --> 00:00:07,080 Speaker 2: To your city. I wanta way I get those saying 3 00:00:07,200 --> 00:00:12,640 Speaker 2: you a conscious cell. Will all be higher high til 4 00:00:14,920 --> 00:00:17,040 Speaker 2: and if you want a little banging, a union and 5 00:00:17,200 --> 00:00:17,800 Speaker 2: come along. 6 00:00:18,680 --> 00:00:21,920 Speaker 3: But regime change is not the policy of the United States. 7 00:00:22,239 --> 00:00:25,239 Speaker 3: It is not the purpose of this attack. Yet we 8 00:00:25,360 --> 00:00:32,720 Speaker 3: refuse to accept a fascist America. 9 00:00:33,000 --> 00:00:37,880 Speaker 4: You are the community to this president's chaos, and together 10 00:00:38,640 --> 00:00:43,480 Speaker 4: we build a future of opportunity and justice for all. 11 00:00:44,400 --> 00:00:52,640 Speaker 2: Trado is back in style. Welcome, we have coming to 12 00:00:52,760 --> 00:00:57,160 Speaker 2: your city, going the way I get talis and saying 13 00:00:57,200 --> 00:00:58,440 Speaker 2: you a conscious sill. 14 00:01:00,360 --> 00:01:04,680 Speaker 3: The New Sean Hennity Show more I'm the Scene's information 15 00:01:04,880 --> 00:01:10,200 Speaker 3: on freaking news and more bold inspired solutions for America. 16 00:01:11,280 --> 00:01:14,760 Speaker 5: Coming up next our final News round Up and Information 17 00:01:15,000 --> 00:01:16,240 Speaker 5: Overload Hour. 18 00:01:16,200 --> 00:01:18,800 Speaker 3: A news round Up Information Overload Hour. Our toll free 19 00:01:18,880 --> 00:01:21,600 Speaker 3: number is eight hundred and ninety four one Sean. If 20 00:01:21,640 --> 00:01:24,840 Speaker 3: you want to be a part of the program. If 21 00:01:24,840 --> 00:01:30,839 Speaker 3: you're following Jerome Powell the Fed share in any way, shape, 22 00:01:30,840 --> 00:01:34,000 Speaker 3: matter or form, it is clear he does not like 23 00:01:34,080 --> 00:01:38,399 Speaker 3: Donald Trump. To me, it's gotten personal, especially on the 24 00:01:38,560 --> 00:01:40,920 Speaker 3: issue of interest rates, because when you look at the 25 00:01:40,959 --> 00:01:45,479 Speaker 3: economy and you know all of the doomsday predictions have 26 00:01:45,760 --> 00:01:50,800 Speaker 3: fallen flat. And it's getting a little bit frustrating to 27 00:01:50,880 --> 00:01:58,400 Speaker 3: me because with what he is now, his incredible reluctance 28 00:01:58,440 --> 00:02:01,800 Speaker 3: and resistance to do any thing that would be wise 29 00:02:01,880 --> 00:02:06,080 Speaker 3: and smart to help the economy, it just defies logic 30 00:02:06,160 --> 00:02:09,560 Speaker 3: and common sense. Because every measure Trump is arguing that 31 00:02:09,639 --> 00:02:12,239 Speaker 3: the Fed's key borrowing rate should be at least two 32 00:02:12,240 --> 00:02:15,600 Speaker 3: percentage points lower. I agree with him, you know, and 33 00:02:16,000 --> 00:02:20,400 Speaker 3: sure enough, predictably, Powell, you know, when you know, goes 34 00:02:20,440 --> 00:02:23,440 Speaker 3: on and on repeating, regurgitating things that just never have 35 00:02:23,520 --> 00:02:26,480 Speaker 3: come to viruition. And I don't blame the president for 36 00:02:26,560 --> 00:02:32,040 Speaker 3: being unhappy, you know, And it is it just from 37 00:02:32,080 --> 00:02:37,320 Speaker 3: a from a financial standpoint, from the economy standpoint. You know, 38 00:02:37,320 --> 00:02:40,440 Speaker 3: if you look at Donald Trump, you know, every prediction 39 00:02:40,560 --> 00:02:43,360 Speaker 3: they made about what tariffs would do to the economy 40 00:02:43,360 --> 00:02:46,600 Speaker 3: and higher inflation, a massive unemployment, none of this has 41 00:02:46,639 --> 00:02:51,079 Speaker 3: come true. None of it. The CPI measure of inflation, 42 00:02:51,760 --> 00:02:54,600 Speaker 3: you know, is you know, for the twelve months ending, 43 00:02:54,760 --> 00:02:56,880 Speaker 3: you know, we we're now at the lowest levels we've 44 00:02:56,880 --> 00:02:59,959 Speaker 3: had in four years. Consumer confidence has never been high, 45 00:03:00,919 --> 00:03:04,720 Speaker 3: the number of jobs available for Americans that's never been higher. 46 00:03:05,120 --> 00:03:09,480 Speaker 3: And yet interest rates remain ridiculously high. And by the way, 47 00:03:09,520 --> 00:03:11,960 Speaker 3: the one area of the economy that is hurting as 48 00:03:12,000 --> 00:03:15,280 Speaker 3: a result of it is the home building industry. Because 49 00:03:15,320 --> 00:03:17,360 Speaker 3: interest rates are so high, nobody's going to give up 50 00:03:17,360 --> 00:03:20,960 Speaker 3: their three percent thirty year fixed rate mortgage to get 51 00:03:20,960 --> 00:03:23,320 Speaker 3: a seven or seven and a half percent thirty year 52 00:03:23,360 --> 00:03:26,760 Speaker 3: fixed rate mortgage. And you can't blame people if not 53 00:03:26,800 --> 00:03:30,000 Speaker 3: wanting to do that, is what Powell said in his announcement. 54 00:03:30,440 --> 00:03:34,760 Speaker 6: Changes to trade, immigration, fiscal and regulatory policies continue to evolve, 55 00:03:35,280 --> 00:03:38,880 Speaker 6: and their effects on the economy remain uncertain. The effects 56 00:03:38,880 --> 00:03:41,960 Speaker 6: of tariffs will depend, among other things, on their ultimate level. 57 00:03:42,400 --> 00:03:45,200 Speaker 6: Expectations of that level, and thus of the related economic 58 00:03:45,200 --> 00:03:48,320 Speaker 6: effects reached a peak in April and have since declined. 59 00:03:48,960 --> 00:03:52,880 Speaker 6: Even so, increases in tariffs this year are likely to 60 00:03:52,960 --> 00:03:56,480 Speaker 6: push up prices and weigh on economic activity. The effects 61 00:03:56,520 --> 00:03:59,280 Speaker 6: on inflation could be short lived, reflecting a one time 62 00:03:59,320 --> 00:04:02,640 Speaker 6: shift in the level. It's also possible that the inflationary 63 00:04:02,680 --> 00:04:06,280 Speaker 6: effects could instead be more persistent. Avoiding that outcome will 64 00:04:06,280 --> 00:04:08,680 Speaker 6: depend on the size of the tariff effects, on how 65 00:04:08,760 --> 00:04:11,200 Speaker 6: long it takes for them to pass through fully into prices, 66 00:04:11,520 --> 00:04:15,280 Speaker 6: and ultimately on keeping longer term inflation expectations well anchored. 67 00:04:15,520 --> 00:04:17,800 Speaker 3: Hi joining us now to respond. Joe Lavornia is with 68 00:04:17,880 --> 00:04:23,080 Speaker 3: US Treasury economist, and he's here to discuss Powell's inability 69 00:04:23,120 --> 00:04:25,520 Speaker 3: to step outside of his own political bias and help 70 00:04:25,600 --> 00:04:28,360 Speaker 3: the American people. He's also costing the country a fortune 71 00:04:28,400 --> 00:04:31,520 Speaker 3: because we're paying the higher interest rates as well. What's 72 00:04:31,560 --> 00:04:35,440 Speaker 3: your reaction to me, it's personal and political. Your thoughts, oh. 73 00:04:35,360 --> 00:04:38,800 Speaker 1: Hi, Joan, thanks very much for having me as as 74 00:04:38,880 --> 00:04:41,520 Speaker 1: counselor to Secretary Best and we don't want to weigh 75 00:04:41,560 --> 00:04:45,960 Speaker 1: in on monetary policy, but you did raise a couple 76 00:04:46,040 --> 00:04:49,799 Speaker 1: of very key points, and that is under President Trump, inflation, 77 00:04:49,880 --> 00:04:54,720 Speaker 1: which is one of his primary goals on the campaign rallies, 78 00:04:55,240 --> 00:04:59,280 Speaker 1: he has delivered in spades. Inflation, as you've correctly said, 79 00:04:59,279 --> 00:05:03,320 Speaker 1: has come down white dramatically and is going to continue 80 00:05:03,360 --> 00:05:07,320 Speaker 1: to drop in all likelihood because of what it should 81 00:05:07,320 --> 00:05:10,480 Speaker 1: be imminent passage of the One Big, Beautiful Bill, which 82 00:05:10,480 --> 00:05:13,360 Speaker 1: will help expand the supply side of the economy and 83 00:05:13,400 --> 00:05:16,760 Speaker 1: continue to lift blue collar wages, which I'm not sure 84 00:05:16,760 --> 00:05:18,440 Speaker 1: if you saw this shown, but the White House to 85 00:05:18,480 --> 00:05:20,960 Speaker 1: put out earlier in the week, are growing at the 86 00:05:21,040 --> 00:05:25,760 Speaker 1: fastest rate for an initial term. I'm assuming that I'm 87 00:05:25,760 --> 00:05:28,640 Speaker 1: treating this a Trump term as basically a new term 88 00:05:28,640 --> 00:05:31,920 Speaker 1: because of the gap in between. It's the fastest five 89 00:05:31,960 --> 00:05:34,880 Speaker 1: month increase in real blue collar wages we've had on 90 00:05:34,960 --> 00:05:37,160 Speaker 1: record in the day to go back sixty years. So 91 00:05:37,160 --> 00:05:39,680 Speaker 1: there's a lot of good stuff there, and the President 92 00:05:39,760 --> 00:05:41,080 Speaker 1: deserves credit for it, you know. 93 00:05:41,400 --> 00:05:44,279 Speaker 3: But I'm having a hard time understanding, and it seems personal. 94 00:05:44,320 --> 00:05:47,440 Speaker 3: If you look at the comments of Powell, the economy 95 00:05:47,520 --> 00:05:50,800 Speaker 3: has been resilient, and part of that is our stance. 96 00:05:51,360 --> 00:05:53,839 Speaker 3: So he's like he thinks he runs the economy, almost 97 00:05:53,920 --> 00:05:57,400 Speaker 3: like he believes he's president. Now he'll be out in 98 00:05:57,440 --> 00:06:00,520 Speaker 3: May of twenty six, and frankly, from my perspective, come Andy. 99 00:06:00,720 --> 00:06:03,240 Speaker 3: It can't come soon enough. I think the frustrating thing 100 00:06:03,320 --> 00:06:05,400 Speaker 3: is we have to wait that long and and maybe 101 00:06:05,480 --> 00:06:07,919 Speaker 3: Scott Bessing, his name has been floated as a possible 102 00:06:08,000 --> 00:06:13,599 Speaker 3: replacement the Treasury secretary. But somebody that understands the economy understands, 103 00:06:13,680 --> 00:06:16,000 Speaker 3: you know, we we we had a target rate, for example, 104 00:06:16,240 --> 00:06:18,640 Speaker 3: the inflation rate of two percent where to two point 105 00:06:18,680 --> 00:06:22,320 Speaker 3: one percent, so we reached that target rate. Joe Biden 106 00:06:22,360 --> 00:06:24,680 Speaker 3: brought that number up to nine point what four percent 107 00:06:24,720 --> 00:06:28,600 Speaker 3: or five percent, so it definitely played. You know, raising 108 00:06:28,640 --> 00:06:32,960 Speaker 3: interest rates temporarily had its place, but that time has 109 00:06:33,040 --> 00:06:37,320 Speaker 3: come and gone, and frankly the President is just you know, 110 00:06:37,480 --> 00:06:40,240 Speaker 3: apoplectic about it, and he stuck with this guy until 111 00:06:40,279 --> 00:06:41,120 Speaker 3: May of next year. 112 00:06:41,400 --> 00:06:44,080 Speaker 1: The you know, it's when you talk about inflation, and 113 00:06:44,680 --> 00:06:47,120 Speaker 1: he was at a forty five year high under under 114 00:06:47,160 --> 00:06:50,400 Speaker 1: President Biden. And the tariffs and how inflation has come down. 115 00:06:50,440 --> 00:06:54,839 Speaker 1: I mean, it's remarkable how the the professional analytical community, 116 00:06:54,839 --> 00:06:58,800 Speaker 1: the professional forecasters has gotten the inflation wrong. So what 117 00:06:58,880 --> 00:07:01,360 Speaker 1: I can tell you is that and we've seen it 118 00:07:01,480 --> 00:07:05,040 Speaker 1: how resilient the economy is, and how oftentimes people when 119 00:07:05,080 --> 00:07:06,919 Speaker 1: they say certain things are going to happen, there's no 120 00:07:07,040 --> 00:07:09,960 Speaker 1: question you have to have higher prices because of tariffs. 121 00:07:10,000 --> 00:07:13,040 Speaker 1: And what we've seen, of course, is a terriff being 122 00:07:13,120 --> 00:07:17,080 Speaker 1: absorbed in the margins of the foreign sellers, and it's 123 00:07:17,080 --> 00:07:20,360 Speaker 1: happened as inflation's actually come down, which is which is 124 00:07:20,440 --> 00:07:24,800 Speaker 1: very positive. Youth economy Sean, as you know, is extraordinarily resilient. 125 00:07:25,440 --> 00:07:29,640 Speaker 1: And with the bill imminent passage of that, I we 126 00:07:29,680 --> 00:07:32,720 Speaker 1: should be we should be talking about three percent growth. 127 00:07:32,760 --> 00:07:34,680 Speaker 1: And I know you've talked here about the FED. But 128 00:07:34,960 --> 00:07:36,640 Speaker 1: the other thing I want to mention though, is when 129 00:07:36,640 --> 00:07:38,760 Speaker 1: people talk about deficits because of greasury. 130 00:07:38,840 --> 00:07:42,560 Speaker 3: You know, we you did see the Atlanta Fed what 131 00:07:42,640 --> 00:07:45,040 Speaker 3: a two week and a half, two weeks ago, you know, 132 00:07:45,120 --> 00:07:48,080 Speaker 3: they have projected GDP growth of the second quarter. They 133 00:07:48,080 --> 00:07:50,000 Speaker 3: were up to four point six percent. I'm not sure 134 00:07:50,000 --> 00:07:50,840 Speaker 3: where it is today. 135 00:07:51,040 --> 00:07:54,080 Speaker 1: Yeah, it's it's around, it's four maybe a little bit less. 136 00:07:54,080 --> 00:07:56,560 Speaker 1: A bounces around. But here's the thing is, we talk 137 00:07:56,640 --> 00:07:58,520 Speaker 1: about interest rates and debt and all these other things. 138 00:07:58,920 --> 00:08:01,600 Speaker 1: You know, the Congresional Budget Office, I believe it's just 139 00:08:01,920 --> 00:08:05,560 Speaker 1: much too pessimistic forecast. They're assuming the next ten years 140 00:08:05,600 --> 00:08:08,800 Speaker 1: the economy grows under two percent. If we're going to 141 00:08:08,840 --> 00:08:11,280 Speaker 1: start growing a three percent plus in the in the 142 00:08:11,320 --> 00:08:13,600 Speaker 1: third and the second quarter, maybe more, and that is 143 00:08:13,640 --> 00:08:15,960 Speaker 1: the new trajectory, which seems to me to be reasonable 144 00:08:16,360 --> 00:08:18,840 Speaker 1: because under President Trump's first term, before COVID, we were 145 00:08:18,840 --> 00:08:22,240 Speaker 1: growing at nearly three percent. Since then, productivity is accelerated. 146 00:08:22,280 --> 00:08:25,160 Speaker 1: We have an II in AI spending boom that this 147 00:08:25,240 --> 00:08:27,240 Speaker 1: bill coming through is going to lift CAPEX in an 148 00:08:27,280 --> 00:08:30,480 Speaker 1: even more meaningful way. We're going to generate faster growth, 149 00:08:30,480 --> 00:08:33,360 Speaker 1: which is give us faster revenues. And this is an 150 00:08:33,360 --> 00:08:35,720 Speaker 1: important point because they see so much financial press. It 151 00:08:35,760 --> 00:08:39,400 Speaker 1: just talks about these big, large deficits with no admission 152 00:08:39,400 --> 00:08:42,239 Speaker 1: that the assum that the assumed growth rate is too pessimistic, 153 00:08:43,320 --> 00:08:45,080 Speaker 1: and it's just sort of like the fear cells. 154 00:08:45,160 --> 00:08:47,880 Speaker 3: We look, the Congressional Budget Office does not exactly have 155 00:08:47,920 --> 00:08:50,920 Speaker 3: the best track record. You know, one thing that it 156 00:08:51,000 --> 00:08:54,760 Speaker 3: seems nobody is factoring in is, for example, the Reagan 157 00:08:54,840 --> 00:08:58,440 Speaker 3: tax cuts or or the Trump tax cuts. What happens, 158 00:08:58,640 --> 00:09:02,800 Speaker 3: Revenues to the government increase, they don't decrease, and they 159 00:09:02,920 --> 00:09:06,240 Speaker 3: always backer that in as a decrease. For example, in 160 00:09:06,280 --> 00:09:10,800 Speaker 3: Reagan's term, revenues to the federal government doubled. He created 161 00:09:10,800 --> 00:09:13,240 Speaker 3: twenty one million new jobs. At the time, it was 162 00:09:13,360 --> 00:09:16,600 Speaker 3: the longest period of peacetime economic growth in history. The 163 00:09:16,640 --> 00:09:20,080 Speaker 3: first three years prior to COVID. In the Trump years, 164 00:09:20,400 --> 00:09:25,840 Speaker 3: the president created record low after record low unemployment for 165 00:09:26,040 --> 00:09:31,400 Speaker 3: every demographic in the country, African Americans, Hispanic Americans, Asian Americans, 166 00:09:31,440 --> 00:09:35,440 Speaker 3: women in the workplace, African American youth unemployment, gas prices 167 00:09:35,640 --> 00:09:39,160 Speaker 3: never once during his first term ever got above three 168 00:09:39,200 --> 00:09:43,400 Speaker 3: dollars an average per gallon. Gas prices are now down dramatically, 169 00:09:43,440 --> 00:09:49,000 Speaker 3: small business optimism, consumer confidences up dramatically. We have low inflation. 170 00:09:50,120 --> 00:09:53,120 Speaker 3: And the only thing that is that is showing signs 171 00:09:53,120 --> 00:09:57,800 Speaker 3: of trouble is directly related to the Fed's interest rate policy, 172 00:09:58,559 --> 00:10:02,400 Speaker 3: and that is home to And there's an easy explanation 173 00:10:02,520 --> 00:10:04,280 Speaker 3: for that. Who's going to give up a Would you 174 00:10:04,320 --> 00:10:06,760 Speaker 3: give up a three year, I'm sorry at thirty year 175 00:10:08,720 --> 00:10:12,720 Speaker 3: mortgage to get into a new home at at you know, 176 00:10:12,880 --> 00:10:19,240 Speaker 3: double the interest rate, you'd be doubling your payment. It's insane, right, No, So. 177 00:10:18,360 --> 00:10:20,320 Speaker 1: Sure, now I understand your points, Sean, But you know, 178 00:10:20,400 --> 00:10:23,160 Speaker 1: here's the thing. Let's take ten year yields for a minute, 179 00:10:23,160 --> 00:10:25,280 Speaker 1: because I spent most of my career has been in 180 00:10:25,280 --> 00:10:28,360 Speaker 1: the private sector. And the good news, and kudos to 181 00:10:28,400 --> 00:10:33,400 Speaker 1: Secretary Best and and that is the we've gotten interest rates. 182 00:10:33,400 --> 00:10:36,920 Speaker 1: You know, interest rates. The market was very fearful right 183 00:10:36,960 --> 00:10:39,720 Speaker 1: around the Liberation Day that and shortly thereafter the ten 184 00:10:39,800 --> 00:10:42,560 Speaker 1: year yelds to move up to five percent. The good 185 00:10:42,559 --> 00:10:45,880 Speaker 1: news is the economy is booming. Market rates are in 186 00:10:45,920 --> 00:10:50,000 Speaker 1: the middle to maybe slightly below their recent range. As 187 00:10:50,040 --> 00:10:53,640 Speaker 1: inflation comes down more, the inflation component of that long 188 00:10:53,720 --> 00:10:56,400 Speaker 1: term interest rate will come down. And the good news 189 00:10:56,480 --> 00:10:59,960 Speaker 1: is market interest rates can still fall with President trump 190 00:11:00,160 --> 00:11:04,839 Speaker 1: policies and that will help homeowners and then hopefully over time, 191 00:11:04,920 --> 00:11:06,920 Speaker 1: you know, we'll see those other rates come down as well. 192 00:11:07,040 --> 00:11:09,760 Speaker 3: Well. Once interest straights start coming down, it'll bring the 193 00:11:09,840 --> 00:11:13,200 Speaker 3: real estate market back up and there'll be a lot 194 00:11:13,200 --> 00:11:15,200 Speaker 3: of activity. But right now, people are going to hang 195 00:11:15,240 --> 00:11:18,160 Speaker 3: on to their low interest rate mortgage that they locked 196 00:11:18,200 --> 00:11:20,440 Speaker 3: in years ago. Is one of the things that we're 197 00:11:20,440 --> 00:11:23,079 Speaker 3: not factoring in here, and that is Donald Trump his 198 00:11:23,320 --> 00:11:27,400 Speaker 3: commitments because of his trade policies and the threat of tariffs, 199 00:11:27,400 --> 00:11:30,800 Speaker 3: brought this in of over ten trillion dollars. We've never 200 00:11:30,880 --> 00:11:35,079 Speaker 3: had commitments like that ever in our country's history before. 201 00:11:35,520 --> 00:11:39,400 Speaker 3: And that's new manufacturing inside of America, and that includes 202 00:11:39,840 --> 00:11:42,959 Speaker 3: things that are beneficial towards national security. That would be 203 00:11:43,000 --> 00:11:49,800 Speaker 3: pharmaceuticals and semiconductor chips, but also you know, revitalizing automobile 204 00:11:49,840 --> 00:11:53,599 Speaker 3: manufacturing in the country on top of you know, artificial 205 00:11:53,600 --> 00:11:57,520 Speaker 3: intelligence and new technologies all of that. I mean, aren't 206 00:11:57,520 --> 00:12:00,320 Speaker 3: they aren't all these industries going to be creating high 207 00:12:00,520 --> 00:12:03,280 Speaker 3: paying career jobs for people well, well. 208 00:12:03,080 --> 00:12:07,160 Speaker 1: That's it. It's that's what the President's policies are designed 209 00:12:07,200 --> 00:12:10,760 Speaker 1: to do, is to bring back high value added manufacturing 210 00:12:10,800 --> 00:12:13,920 Speaker 1: that pay very high wages. And as you were, giving 211 00:12:13,920 --> 00:12:16,960 Speaker 1: a very accurate description of how things have been playing out. 212 00:12:17,920 --> 00:12:21,160 Speaker 1: As the Treasury Secretary has said, national security and economic 213 00:12:21,240 --> 00:12:23,240 Speaker 1: security are one and the same. They're very you know, 214 00:12:23,240 --> 00:12:26,680 Speaker 1: they're interconnected. And you know, we talk about interest rates 215 00:12:26,679 --> 00:12:28,839 Speaker 1: and getting interested needing you know, you know, people want 216 00:12:28,800 --> 00:12:31,760 Speaker 1: to interest rates lower, which I understand, but the people 217 00:12:31,760 --> 00:12:33,760 Speaker 1: should also know that the tariffs, which have not led 218 00:12:33,800 --> 00:12:37,719 Speaker 1: to any inflation, also right now we're generating around two 219 00:12:37,800 --> 00:12:41,760 Speaker 1: hundred billion dollars at an annual rate, and that number 220 00:12:41,760 --> 00:12:43,160 Speaker 1: may even be a lot higher. We're going to get 221 00:12:43,200 --> 00:12:45,560 Speaker 1: a number. We don't have the full numbers for June, 222 00:12:45,640 --> 00:12:47,720 Speaker 1: but the tariffs are bringing in a lot of revenue, 223 00:12:48,040 --> 00:12:51,560 Speaker 1: which also ties into the notion that the president wants 224 00:12:51,559 --> 00:12:54,439 Speaker 1: to rebalance trade, reindustrialize as you said, and of course 225 00:12:54,480 --> 00:12:57,800 Speaker 1: those those foreign capital commitments are also quite substantial. 226 00:12:58,040 --> 00:13:02,400 Speaker 3: Yeah, all right, quick freak, welcome back. More with Treasury economists. 227 00:13:02,480 --> 00:13:04,559 Speaker 3: Joe Lavorgna is with us, and then we'll get to 228 00:13:04,600 --> 00:13:06,320 Speaker 3: your calls coming up eight hundred and nine to four 229 00:13:06,400 --> 00:13:07,960 Speaker 3: one Sean, if you want to be a part of 230 00:13:07,960 --> 00:13:11,679 Speaker 3: the program, continue with Joe Lavorgno talking about the economy, 231 00:13:11,920 --> 00:13:15,880 Speaker 3: and a very stubborn fed chair who will be replaced 232 00:13:15,880 --> 00:13:18,040 Speaker 3: in May of next year, can come soon enough. As 233 00:13:18,040 --> 00:13:21,080 Speaker 3: far as I'm concerned, what do you think Powell does 234 00:13:21,120 --> 00:13:24,120 Speaker 3: from here on out? Is he just gonna, you know, 235 00:13:24,240 --> 00:13:27,439 Speaker 3: be in this cold war with President Trump? And because 236 00:13:27,480 --> 00:13:30,520 Speaker 3: President Trump obviously disagrees with him, you know he's going 237 00:13:30,600 --> 00:13:33,520 Speaker 3: to show President Trump who's boss until May of next 238 00:13:33,600 --> 00:13:35,760 Speaker 3: year before we can have any hope of, you know, 239 00:13:35,840 --> 00:13:39,160 Speaker 3: significantly lower interest rates at a minimum. I think we 240 00:13:39,240 --> 00:13:43,319 Speaker 3: needed a fifty basis point reduction yesterday. In my view. 241 00:13:43,520 --> 00:13:47,520 Speaker 3: I think the economic numbers warrant that, and I think 242 00:13:47,559 --> 00:13:50,439 Speaker 3: that would be just the start. I personally agree with 243 00:13:50,480 --> 00:13:54,160 Speaker 3: the President. I think a one basis point reduction would 244 00:13:54,160 --> 00:13:56,000 Speaker 3: be appropriate too, and I think it would have the 245 00:13:56,320 --> 00:13:59,599 Speaker 3: added impact of jump starting the economy in ways that 246 00:13:59,640 --> 00:14:02,240 Speaker 3: people aren't even imagining. And if there's one big beautiful 247 00:14:02,240 --> 00:14:05,200 Speaker 3: bill comes in and manufacturing facilities. In other words, if 248 00:14:05,240 --> 00:14:07,960 Speaker 3: you build a facility, I think it's one hundred percent 249 00:14:08,280 --> 00:14:10,240 Speaker 3: you get a tax deduction in year one I mean 250 00:14:10,280 --> 00:14:13,559 Speaker 3: that that's going to incentivize everybody to build immediately. 251 00:14:14,080 --> 00:14:16,680 Speaker 1: They're not going to wait, yeah, no, that's right. Well, yes, 252 00:14:16,720 --> 00:14:19,640 Speaker 1: it's You're exactly right on. It's one hundred percent expensing 253 00:14:20,320 --> 00:14:23,240 Speaker 1: a plant and equipment in addition to factories which we 254 00:14:23,320 --> 00:14:28,120 Speaker 1: even had before. That'll be very very supply side constructive, 255 00:14:28,160 --> 00:14:32,160 Speaker 1: meaning it's not going to cause inflation, actually bring inflation 256 00:14:32,200 --> 00:14:34,720 Speaker 1: down as the economy accelerates, which is what we saw, 257 00:14:35,600 --> 00:14:38,840 Speaker 1: as you mentioned earlier, under Reagan implicitly and also under 258 00:14:38,960 --> 00:14:42,280 Speaker 1: President Trump's first term, where we had effectively three percent 259 00:14:42,320 --> 00:14:46,280 Speaker 1: growth prior to the pandemic and inflation was two percent 260 00:14:46,440 --> 00:14:51,440 Speaker 1: or less. Look long term, that all support certainly low 261 00:14:51,520 --> 00:14:55,480 Speaker 1: interest rates, no question, broadly speaking, and you know I'm 262 00:14:55,480 --> 00:14:58,640 Speaker 1: an optimist, so I do expect the housing market to 263 00:14:58,720 --> 00:15:03,920 Speaker 1: recover over time, that affordability won't remain depressed. The income numbers, 264 00:15:03,960 --> 00:15:07,000 Speaker 1: the blue collar boom we've highlighted is certainly very positive. 265 00:15:07,040 --> 00:15:08,920 Speaker 1: So there are a lot of good things going on, 266 00:15:09,000 --> 00:15:10,680 Speaker 1: and I'm going to be hopeful Seawan that. 267 00:15:10,800 --> 00:15:14,320 Speaker 3: Well, I mean, the added supply and the higher interest 268 00:15:14,400 --> 00:15:18,320 Speaker 3: rates and lack of activities is making home buying more 269 00:15:18,360 --> 00:15:22,920 Speaker 3: affordable for people maybe that's certainly good. But if you 270 00:15:23,000 --> 00:15:27,520 Speaker 3: really want to stimulate the home buyer market, the single 271 00:15:27,560 --> 00:15:28,840 Speaker 3: best thing you can do is you got to you 272 00:15:28,920 --> 00:15:30,800 Speaker 3: got to get these interest rates now, because they're too 273 00:15:30,880 --> 00:15:33,960 Speaker 3: high and people simply cannot afford to pay two thousand 274 00:15:34,040 --> 00:15:38,040 Speaker 3: dollars more for a monthly mortgage payment just because Jerome 275 00:15:38,120 --> 00:15:41,440 Speaker 3: Powell has an agenda and he doesn't like Donald Trump, 276 00:15:41,480 --> 00:15:43,360 Speaker 3: which is where I feel we're at here. It's to 277 00:15:43,400 --> 00:15:45,440 Speaker 3: me it's gotten personal. Am I wrong on that part? 278 00:15:46,400 --> 00:15:49,920 Speaker 1: Sure? I can't comment on that. I mean, I I'd 279 00:15:50,040 --> 00:15:53,080 Speaker 1: rather not say. I mean, I understand your point, but well. 280 00:15:52,960 --> 00:15:55,960 Speaker 3: I'd rather not say. Is it of a strong possibility? 281 00:15:56,760 --> 00:15:59,360 Speaker 1: Well, here's what I would say again, I would say that. 282 00:15:59,360 --> 00:16:00,640 Speaker 3: It seems per personal to me. 283 00:16:00,920 --> 00:16:05,040 Speaker 1: Well, the I've not talked to the President or cheer 284 00:16:05,080 --> 00:16:07,400 Speaker 1: Power on that, but it seems to me though that 285 00:16:07,960 --> 00:16:11,240 Speaker 1: what we have right now is an environment where we've 286 00:16:11,280 --> 00:16:14,880 Speaker 1: got very good growth, inflation's coming down, that by itself 287 00:16:14,920 --> 00:16:17,720 Speaker 1: will pull long term interest rates down. You know, when 288 00:16:17,720 --> 00:16:23,120 Speaker 1: we talk about housing affordability, the income part is very powerful, 289 00:16:23,600 --> 00:16:26,840 Speaker 1: and that's something the President has directly all over, and 290 00:16:26,840 --> 00:16:29,720 Speaker 1: that's looking good home prices in some places have moderated, 291 00:16:30,120 --> 00:16:32,360 Speaker 1: but I do expect over Timeshewan, that you will see 292 00:16:32,360 --> 00:16:36,880 Speaker 1: affordability pick up, because you'll see market based rates come down. 293 00:16:37,040 --> 00:16:40,120 Speaker 3: And you know we need I got to run, but 294 00:16:40,160 --> 00:16:42,520 Speaker 3: we need interest rates now. But Joe, I appreciate you 295 00:16:42,560 --> 00:16:44,440 Speaker 3: being here. I really do, my friend, God bless you, 296 00:16:44,600 --> 00:16:49,080 Speaker 3: and American people need some relief with this. You are 297 00:16:49,160 --> 00:16:51,240 Speaker 3: listening to the best of the Sean Hannity Show, and 298 00:16:51,240 --> 00:16:55,200 Speaker 3: stay tuned more memorable moments, interesting guests, and a lot 299 00:16:55,240 --> 00:16:57,560 Speaker 3: of fun coming up next twenty five Dons to the 300 00:16:57,560 --> 00:17:00,240 Speaker 3: top of the Hour, Punchline and Patriots that is a 301 00:17:00,480 --> 00:17:04,480 Speaker 3: week from this Saturday. And that's in Clearwater and Tampa. 302 00:17:04,560 --> 00:17:09,680 Speaker 3: That is at Ruth deckerd Hall. Tickets very limited seats left. 303 00:17:09,720 --> 00:17:12,639 Speaker 3: Same with Fort Lauderdale. That's the twenty ninth day after. 304 00:17:13,640 --> 00:17:16,040 Speaker 3: If you're interested, we'd love to have you. It's going 305 00:17:16,119 --> 00:17:21,600 Speaker 3: to be ir reverend crazy, fun and absolutely politically incorrect. 306 00:17:21,800 --> 00:17:24,360 Speaker 3: That much I can tell you now. We have gone 307 00:17:24,400 --> 00:17:28,439 Speaker 3: over the numbers. They are overwhelming, and that is you know, 308 00:17:28,480 --> 00:17:31,520 Speaker 3: if you look at even vague news CNN, you got 309 00:17:31,520 --> 00:17:34,800 Speaker 3: seventy nine percent of Democrats, seventy nine percent of Independence, 310 00:17:34,840 --> 00:17:38,960 Speaker 3: eighty three percent of Republicans, seventy nine percent of all 311 00:17:39,040 --> 00:17:44,040 Speaker 3: adults are saying the same thing, and that is they 312 00:17:44,280 --> 00:17:49,080 Speaker 3: oppose Iran obtaining nuclear weapons. I think the definitive poll 313 00:17:49,200 --> 00:17:53,119 Speaker 3: by Robert Kahelli of Trafalgar and an Insider Advantage head 314 00:17:53,359 --> 00:17:57,639 Speaker 3: Matt Towery. They did a joint poll and the question 315 00:17:57,880 --> 00:18:01,400 Speaker 3: was very pointed, what is your opinion of President Trump's 316 00:18:01,440 --> 00:18:06,440 Speaker 3: position that Iran must be prevented from develop a developing 317 00:18:06,480 --> 00:18:11,040 Speaker 3: a nuclear weapon by any means necessary. Seventy four point 318 00:18:11,080 --> 00:18:14,520 Speaker 3: four percent said that they approve and agree with that. 319 00:18:15,240 --> 00:18:18,080 Speaker 3: And we can go on to the Havid Harris poll 320 00:18:18,119 --> 00:18:23,520 Speaker 3: eighty five percent. Yeah, Tehran must never ever get the bomb. Now, 321 00:18:24,320 --> 00:18:26,880 Speaker 3: Israel has taken out two of the three sites, there's 322 00:18:26,920 --> 00:18:32,000 Speaker 3: one site remaining, and it seems that that site, the 323 00:18:32,440 --> 00:18:36,879 Speaker 3: Bordeaux site that we keep talking about, would need American 324 00:18:37,600 --> 00:18:42,520 Speaker 3: assistance to make this happen, and hence the decision that 325 00:18:42,600 --> 00:18:46,560 Speaker 3: the President will have to make. And I have every 326 00:18:46,600 --> 00:18:50,200 Speaker 3: confidence that the President understands he's been saying since twenty 327 00:18:50,960 --> 00:18:56,919 Speaker 3: eleven that Iran could not have a nuclear weapon. One 328 00:18:57,000 --> 00:19:00,119 Speaker 3: of the more bizarre conversations to arise out of this 329 00:19:01,320 --> 00:19:05,600 Speaker 3: is against maga. Donald Trump is against forever wars, You're right, 330 00:19:05,680 --> 00:19:10,160 Speaker 3: so am I I'm against forever wars, and with military technology, 331 00:19:10,440 --> 00:19:12,000 Speaker 3: I don't think they're ever going to be fought the 332 00:19:12,000 --> 00:19:15,080 Speaker 3: same way again. But it's the same Donald Trump that 333 00:19:15,160 --> 00:19:21,239 Speaker 3: took out Solomani on the tarmac and that was you know, 334 00:19:21,400 --> 00:19:23,840 Speaker 3: that was done, and all the predictions of doom and 335 00:19:23,880 --> 00:19:28,719 Speaker 3: gloom and retribution. Any military effort has risk associated with it, 336 00:19:29,200 --> 00:19:30,879 Speaker 3: But then you have to factor in the risk of 337 00:19:30,880 --> 00:19:33,840 Speaker 3: a nuclear armed Iran, the number one state sponsor of terror, 338 00:19:33,840 --> 00:19:36,680 Speaker 3: that has fired hundreds of thousands of missiles. They're firing 339 00:19:36,720 --> 00:19:42,880 Speaker 3: them right now into Jerusalem as we speak. They've been 340 00:19:42,920 --> 00:19:47,399 Speaker 3: firing him to heavily civilian areas, populated civilian areas like 341 00:19:47,480 --> 00:19:51,120 Speaker 3: Tel Aviv, and they have sworn to wipe Israel off 342 00:19:51,160 --> 00:19:53,680 Speaker 3: the map in the United States, off the map. They 343 00:19:53,680 --> 00:19:57,200 Speaker 3: have made these threats repeatedly. But it's also the same 344 00:19:57,280 --> 00:20:00,680 Speaker 3: Donald Trump that wiped out the Caliphate, the same Donald 345 00:20:00,680 --> 00:20:04,200 Speaker 3: Trump that took out Bagdaddy and associates. I'm not sure 346 00:20:04,240 --> 00:20:06,800 Speaker 3: how Some are saying that the mag of movement is 347 00:20:06,840 --> 00:20:10,040 Speaker 3: an isolationist movement, which means no involvement at all it's not. 348 00:20:11,880 --> 00:20:16,000 Speaker 3: It is no way contradictory to say that this one 349 00:20:16,040 --> 00:20:18,680 Speaker 3: remaining site needs to be taken out. And if it's 350 00:20:18,720 --> 00:20:20,879 Speaker 3: the United States at a time when their air defense 351 00:20:20,920 --> 00:20:23,960 Speaker 3: systems are down, it's the safest it's ever gonna be. 352 00:20:24,080 --> 00:20:28,160 Speaker 3: But there's always risk with any military operation. And take 353 00:20:28,160 --> 00:20:31,800 Speaker 3: it out and forever end the threat of iranium Mullah's 354 00:20:32,640 --> 00:20:37,840 Speaker 3: married to their sick converter die ideology, and forever remove 355 00:20:37,920 --> 00:20:41,040 Speaker 3: that threat of a modern day holocaust. To me, is basic, 356 00:20:41,080 --> 00:20:44,040 Speaker 3: simple common sense. Yeah, that also would be part of 357 00:20:44,080 --> 00:20:47,600 Speaker 3: the Trump doctrine, and Donald Trump is it's not inconsistent 358 00:20:48,119 --> 00:20:49,880 Speaker 3: if you take out those sites the way you took 359 00:20:49,920 --> 00:20:55,159 Speaker 3: out Solo Mony Bagdaddy and associates, and also the Isis 360 00:20:55,240 --> 00:20:58,639 Speaker 3: Caliphate and not have a forever war. Nobody wants that. 361 00:20:58,960 --> 00:21:02,480 Speaker 3: I definitely don't anyway. Senator Lindsey Graham, South Carolina is 362 00:21:02,480 --> 00:21:04,560 Speaker 3: with a senator, how are you good? 363 00:21:04,680 --> 00:21:05,919 Speaker 5: Thanks so much for having me. 364 00:21:06,280 --> 00:21:08,359 Speaker 3: Let's get your take on all of this. To me, 365 00:21:08,800 --> 00:21:12,000 Speaker 3: it's a window of opportunity. Their air defenses are down. 366 00:21:12,119 --> 00:21:14,920 Speaker 3: The President has been clear what his policy is. They 367 00:21:14,960 --> 00:21:18,080 Speaker 3: can't have a nuclear weapon. He's been saying it since 368 00:21:18,119 --> 00:21:21,959 Speaker 3: twenty eleven and hundreds of times since, it seems like 369 00:21:22,040 --> 00:21:22,880 Speaker 3: the moment is here. 370 00:21:24,440 --> 00:21:28,120 Speaker 5: Yeah, the forever war is started in nineteen seventy nine 371 00:21:28,200 --> 00:21:33,920 Speaker 5: when the Ayatoa replaced the Shaw, they held our embassy 372 00:21:33,960 --> 00:21:38,320 Speaker 5: personnel hostage. Since nineteen seventy nine, Iran has been waging 373 00:21:38,400 --> 00:21:43,280 Speaker 5: war through Moses Blah and the Hoodies against Israel. They 374 00:21:43,280 --> 00:21:46,600 Speaker 5: have American blood on their hands. So that's the war 375 00:21:46,680 --> 00:21:49,720 Speaker 5: I'd like to end. And if you don't believe Iran 376 00:21:49,800 --> 00:21:53,000 Speaker 5: would use a nuclear weapon to destroy Israel, you're not 377 00:21:53,160 --> 00:21:55,720 Speaker 5: listening to what they're saying. If you don't believe they 378 00:21:55,760 --> 00:21:58,000 Speaker 5: would use a nuclear weapon to come after us to 379 00:21:58,119 --> 00:22:01,280 Speaker 5: infidel you're not listening to what they say. Hey, November 380 00:22:01,440 --> 00:22:04,720 Speaker 5: fourth and Iran is commonly referred to as Death to 381 00:22:04,760 --> 00:22:08,360 Speaker 5: America Day. In nineteen eighty seven, they made it a holiday. 382 00:22:08,440 --> 00:22:10,840 Speaker 5: That was the day they took over our embassy. We 383 00:22:10,920 --> 00:22:13,920 Speaker 5: have a military for a reason, to protect our way 384 00:22:13,960 --> 00:22:17,439 Speaker 5: of life, protect our homeland, and protect our allies. You know, 385 00:22:17,480 --> 00:22:21,040 Speaker 5: when my dad was drafted World War two, the term 386 00:22:21,320 --> 00:22:24,119 Speaker 5: was called the duration We're going to fight and we 387 00:22:24,200 --> 00:22:27,199 Speaker 5: beat the Nazis, took Berlin and took Tokyo, and we 388 00:22:27,240 --> 00:22:30,000 Speaker 5: did in this war. We're not going to have ground 389 00:22:30,040 --> 00:22:32,760 Speaker 5: troops and it won't last forever because we have the 390 00:22:32,800 --> 00:22:37,679 Speaker 5: capability to destroy the Iranian nuclear program working with Israel 391 00:22:37,760 --> 00:22:41,560 Speaker 5: fairly quickly. We're down to one site deep underground, about 392 00:22:41,560 --> 00:22:44,520 Speaker 5: a half a mile under the ground. We have technology 393 00:22:44,560 --> 00:22:46,400 Speaker 5: and bombs and capability. 394 00:22:46,560 --> 00:22:47,280 Speaker 1: Israel doesn't. 395 00:22:47,680 --> 00:22:51,160 Speaker 5: It is my advice to President Trump, help Israel finish 396 00:22:51,280 --> 00:22:55,360 Speaker 5: the job. Go all in to destroy the last nuclear site. 397 00:22:55,760 --> 00:22:58,920 Speaker 5: If we take this program on and we don't finish it, 398 00:22:58,920 --> 00:23:01,880 Speaker 5: it will be a disaster. Still I's finished the job. 399 00:23:03,359 --> 00:23:06,959 Speaker 3: I agree with you, and I actually think that the 400 00:23:07,040 --> 00:23:10,200 Speaker 3: Israelis have done a spectacular job on their own. Now 401 00:23:10,640 --> 00:23:15,160 Speaker 3: we have to factor in that Iran and Iran through 402 00:23:15,200 --> 00:23:18,040 Speaker 3: their proxies. And I've been tot Israel a number of 403 00:23:18,040 --> 00:23:20,240 Speaker 3: times as you have been there, many many times, many 404 00:23:20,359 --> 00:23:23,520 Speaker 3: many times more than me. I mean, I went to 405 00:23:23,560 --> 00:23:25,919 Speaker 3: one border town with Gaza at the time, and I 406 00:23:25,920 --> 00:23:28,840 Speaker 3: think twenty fifteen had been hit with ten thousand rockets. 407 00:23:28,840 --> 00:23:33,639 Speaker 3: In ten years. They have withstood Huti rebel rockets, his 408 00:23:33,840 --> 00:23:39,040 Speaker 3: Bola rockets, Islamic Jihad rockets, Hamas rockets, Kuds forces, Iranian 409 00:23:39,080 --> 00:23:45,000 Speaker 3: Revolutionary Guards forces, helped develop the October seventh attack against Israel. 410 00:23:45,040 --> 00:23:48,040 Speaker 3: They provided the weaponry for that. They've been fomenting terror, 411 00:23:48,880 --> 00:23:51,960 Speaker 3: not just in the region, but around the world. There's 412 00:23:52,000 --> 00:23:56,000 Speaker 3: not a single country that wants to come to Iran's defense, 413 00:23:56,680 --> 00:23:59,640 Speaker 3: and we now find ourselves with a window of opportunity 414 00:24:00,119 --> 00:24:03,560 Speaker 3: to forever remove any possibility they'd have this weapon of 415 00:24:03,600 --> 00:24:07,040 Speaker 3: mass destruction married to their ideology. Now, how is that 416 00:24:07,080 --> 00:24:11,520 Speaker 3: any different than taking out Solomani by Dadian associates or 417 00:24:12,440 --> 00:24:16,840 Speaker 3: beating the Caliphate. I don't see that as inconsistent at all. 418 00:24:16,960 --> 00:24:19,800 Speaker 5: Well, I think, yeah, you're dead right. The primary job 419 00:24:19,880 --> 00:24:22,919 Speaker 5: of beating Commander in chief President the United States is 420 00:24:22,960 --> 00:24:26,960 Speaker 5: to protect us our homeland from existential threats and to 421 00:24:26,960 --> 00:24:29,480 Speaker 5: protect our allies, and we have no better allies than 422 00:24:29,480 --> 00:24:33,840 Speaker 5: the state of disrals. Iran has nine hundred pounds of 423 00:24:33,960 --> 00:24:37,720 Speaker 5: highly enriched uranium that could make about a dozen bombs 424 00:24:38,000 --> 00:24:41,360 Speaker 5: if they went to the last mile. They're at sixty percent. 425 00:24:41,920 --> 00:24:45,800 Speaker 5: To get to ninety percent is weeks, not years. They 426 00:24:45,840 --> 00:24:49,080 Speaker 5: have one Savinan reactor. They haven't used any of the 427 00:24:49,240 --> 00:24:52,520 Speaker 5: enriched uranium to run that reactor. They get their fuel 428 00:24:52,560 --> 00:24:57,640 Speaker 5: from Russia. So this is weapon grade material and large quantity. 429 00:24:57,760 --> 00:25:01,239 Speaker 5: They've been doing this for decades, and their goal is 430 00:25:01,320 --> 00:25:05,880 Speaker 5: to develop a nuclear weapons force to use as part 431 00:25:05,920 --> 00:25:09,640 Speaker 5: of their ideology. I don't think Rocketman's going to attack America. 432 00:25:10,200 --> 00:25:13,840 Speaker 5: I don't believe Putin's ambition is to destroy Israel, destroy 433 00:25:13,920 --> 00:25:17,159 Speaker 5: the United States, nor I believe that about China. I 434 00:25:17,200 --> 00:25:20,560 Speaker 5: think they're mercantile. I think they're an adversary. But I 435 00:25:20,640 --> 00:25:25,480 Speaker 5: believe this regime is founded on a religious ideology that 436 00:25:25,640 --> 00:25:29,679 Speaker 5: makes them religious Nazis. They're being told by their version 437 00:25:29,880 --> 00:25:33,800 Speaker 5: of Islam to destroy the Jewish state, to drive out 438 00:25:33,840 --> 00:25:38,320 Speaker 5: the infidels, and to purify Islam. They're not elected. It's 439 00:25:38,359 --> 00:25:42,199 Speaker 5: a theocracy. They mean what they say. Four presidents have 440 00:25:42,320 --> 00:25:44,879 Speaker 5: said Iran can't have a nuclear weapon. 441 00:25:45,400 --> 00:25:46,439 Speaker 1: It will be Donald J. 442 00:25:46,600 --> 00:25:51,080 Speaker 5: Trump who makes that a reality period. All we need 443 00:25:51,119 --> 00:25:55,479 Speaker 5: to do is help Israel finish the last site and 444 00:25:55,680 --> 00:25:57,280 Speaker 5: wait and see what happens after that. 445 00:25:58,480 --> 00:26:02,800 Speaker 3: Is that in your mind, and obviously protecting our interests 446 00:26:02,840 --> 00:26:06,800 Speaker 3: in the region, Is that basically the job that you 447 00:26:06,880 --> 00:26:10,760 Speaker 3: want President Trump to accomplish. For example, there are other targets. 448 00:26:11,200 --> 00:26:14,480 Speaker 3: I mean, most of their refineries are on this one island, 449 00:26:14,640 --> 00:26:17,080 Speaker 3: and you can wipe out any ability of them in 450 00:26:17,119 --> 00:26:20,879 Speaker 3: the future to make money. The Israelis could do that 451 00:26:20,960 --> 00:26:23,080 Speaker 3: on their own. They don't need our help or assistance 452 00:26:23,119 --> 00:26:27,480 Speaker 3: for that. Certainly they can knock out their gas power 453 00:26:27,600 --> 00:26:31,720 Speaker 3: grid and the entire country will be without power. That's 454 00:26:31,760 --> 00:26:35,640 Speaker 3: another easy target because the Israelis own the sky over Iran. 455 00:26:36,520 --> 00:26:40,359 Speaker 3: So you know, once the nuclear component is out of 456 00:26:40,400 --> 00:26:42,200 Speaker 3: the way, I guess at that point it's going to 457 00:26:42,240 --> 00:26:43,960 Speaker 3: be up to Israel what they decide to do in 458 00:26:44,000 --> 00:26:48,040 Speaker 3: their conflict with Iran. And frankly, with all the weapons 459 00:26:48,080 --> 00:26:50,800 Speaker 3: they've fired into Israel, I wouldn't I wouldn't put it 460 00:26:50,840 --> 00:26:51,720 Speaker 3: past them to take. 461 00:26:51,600 --> 00:26:52,400 Speaker 1: It all out. 462 00:26:52,760 --> 00:26:55,960 Speaker 5: Well, so here's the question for Israel and really the world. 463 00:26:56,960 --> 00:27:02,760 Speaker 5: We can destroy their infrastructure to enrich uranium. There's one 464 00:27:02,880 --> 00:27:05,639 Speaker 5: site left, but as long as the regime is in power, 465 00:27:06,240 --> 00:27:09,320 Speaker 5: they'll rebuild it over time, and President Trump is not 466 00:27:09,359 --> 00:27:12,919 Speaker 5: going to be present forever. So the question for the world. 467 00:27:14,000 --> 00:27:17,880 Speaker 5: The largest state sponsor of terrorism is Iran. Under US law, 468 00:27:18,520 --> 00:27:22,240 Speaker 5: they have a policy to decimate Israel and to reshape 469 00:27:22,280 --> 00:27:26,400 Speaker 5: the entire path in a way to exclude US. Convert 470 00:27:26,520 --> 00:27:30,639 Speaker 5: or die is their ideology, wouldn't it be great for 471 00:27:30,760 --> 00:27:33,920 Speaker 5: the people of Iran and the world if this regime 472 00:27:34,240 --> 00:27:37,920 Speaker 5: went away, and people say, well, what will come next, 473 00:27:38,080 --> 00:27:40,359 Speaker 5: Here's what I'm going to tell you. The guy in 474 00:27:40,480 --> 00:27:42,919 Speaker 5: charge wants to kill all the Jews. He wants to 475 00:27:43,000 --> 00:27:45,919 Speaker 5: kill us. They beat a young girl of death on 476 00:27:46,000 --> 00:27:48,760 Speaker 5: a bus in Iran because she didn't cover her head. 477 00:27:48,960 --> 00:27:51,280 Speaker 5: I'm willing to risk it won't be any worse than 478 00:27:51,320 --> 00:27:54,520 Speaker 5: that guy. So the bottom line is I hope and 479 00:27:54,600 --> 00:27:58,480 Speaker 5: pray that the Iranian people will know freedom. It will 480 00:27:58,520 --> 00:28:00,840 Speaker 5: be up to them to take the rear down. But 481 00:28:01,080 --> 00:28:05,760 Speaker 5: Israel will not tolerate living this way anymore. The Jews 482 00:28:05,880 --> 00:28:10,639 Speaker 5: and Israel are oppressed by everybody around them. They have 483 00:28:10,880 --> 00:28:17,560 Speaker 5: lived in fear, they have lived in an oppressive environment 484 00:28:17,640 --> 00:28:22,560 Speaker 5: since this founding. October the seventh, children were murdered, women 485 00:28:22,560 --> 00:28:25,159 Speaker 5: are raped in front of their children. They've had it, 486 00:28:25,720 --> 00:28:28,240 Speaker 5: they should have it. I am tired of living this way. 487 00:28:28,320 --> 00:28:30,840 Speaker 5: To our friends in Israel, do what you have to 488 00:28:30,880 --> 00:28:34,000 Speaker 5: do to be safe, and they're making us safer. The 489 00:28:34,040 --> 00:28:36,720 Speaker 5: people they're fighting want to kill us two and to 490 00:28:36,800 --> 00:28:40,000 Speaker 5: all these people sitting in the sands. Second guests in Trump, 491 00:28:40,320 --> 00:28:42,680 Speaker 5: you have no idea what you're talking about you wouldn't 492 00:28:42,680 --> 00:28:46,479 Speaker 5: know the differman of Sunni and Ashia than anything. So 493 00:28:46,680 --> 00:28:50,960 Speaker 5: this is a religious deocracy. They're fanatics. They're dedicated to 494 00:28:51,160 --> 00:28:54,080 Speaker 5: killing all the Jews and coming after us. They meant 495 00:28:54,080 --> 00:28:56,920 Speaker 5: it when they say Israel, death of America. So I'm 496 00:28:56,960 --> 00:29:00,520 Speaker 5: hoping in praying we take their nuclear program down. Israel 497 00:29:00,600 --> 00:29:03,760 Speaker 5: wants to take the regime's ability to wage war down 498 00:29:04,080 --> 00:29:07,960 Speaker 5: by destroying their refineries, destroying their ability to wage war. 499 00:29:08,360 --> 00:29:12,080 Speaker 3: So be it well at that point, if the United States, 500 00:29:12,080 --> 00:29:14,920 Speaker 3: in a joint military operation, helps take out this final 501 00:29:15,000 --> 00:29:18,440 Speaker 3: nuclear facility, then it really comes down to the Israelis 502 00:29:18,960 --> 00:29:22,640 Speaker 3: and how far they want to go. I don't think 503 00:29:22,880 --> 00:29:26,120 Speaker 3: President Trump has not expressed any desire for regime change, 504 00:29:26,160 --> 00:29:29,120 Speaker 3: even identified that they know where the Supreme Leader is, 505 00:29:29,160 --> 00:29:31,520 Speaker 3: but they're not going to kill him. But he did say, 506 00:29:31,600 --> 00:29:36,720 Speaker 3: and he has said consistently for now decades, that they 507 00:29:36,760 --> 00:29:39,600 Speaker 3: can't have a nuclear weapon and that would be in 508 00:29:39,640 --> 00:29:42,600 Speaker 3: the best interests of the United States. And at that 509 00:29:42,720 --> 00:29:46,120 Speaker 3: point the Israelis, I mean, after all that Iran has 510 00:29:46,200 --> 00:29:49,640 Speaker 3: done to murder and rape, and you're right on October seventh, 511 00:29:49,720 --> 00:29:53,480 Speaker 3: but it's an ongoing, never ending you know, missile barrage 512 00:29:53,600 --> 00:29:57,200 Speaker 3: funded by Iran and their proxies. 513 00:29:57,440 --> 00:29:59,920 Speaker 5: Well, so President Trump has told the I told you 514 00:30:00,080 --> 00:30:03,479 Speaker 5: attack American bases or interest, that will be the end 515 00:30:03,520 --> 00:30:06,120 Speaker 5: of view. That will be regime change. If they come 516 00:30:06,160 --> 00:30:09,120 Speaker 5: after our forces in the region, that will be the 517 00:30:09,240 --> 00:30:12,640 Speaker 5: end of the Iahtolas. But put yourself in israel shoes 518 00:30:12,680 --> 00:30:16,600 Speaker 5: for a moment. What is the right response when people 519 00:30:16,720 --> 00:30:22,560 Speaker 5: lob rockets consistently at Savillean populations, They raide your country, 520 00:30:22,600 --> 00:30:28,200 Speaker 5: They murder, rape children, women, they have people hostage. What 521 00:30:28,280 --> 00:30:31,240 Speaker 5: would we do if one country, if a country sent 522 00:30:31,320 --> 00:30:34,440 Speaker 5: one rocket in to America, Well. 523 00:30:34,200 --> 00:30:36,440 Speaker 3: I have to go one rocket. I've been making the 524 00:30:36,440 --> 00:30:41,560 Speaker 3: same argument. We would demand immediate military auction center. O. 525 00:30:41,600 --> 00:30:43,840 Speaker 3: Lindsey Graham, appreciate you being with us. It's going to 526 00:30:43,840 --> 00:30:46,000 Speaker 3: be an interesting week ahead, There's no doubt about it. 527 00:30:46,800 --> 00:30:48,840 Speaker 3: Eight hundred nine one, Shawn. If you want to be 528 00:30:48,840 --> 00:30:50,520 Speaker 3: a part of the program, right when we come back, 529 00:30:50,560 --> 00:30:53,280 Speaker 3: all things simple, man, We'll check in with Bill O'Reilly. 530 00:30:53,480 --> 00:30:55,920 Speaker 3: We'll get to your phone calls as well. Told free 531 00:30:55,960 --> 00:30:58,200 Speaker 3: it's eight hundred and ninety four one, Shawn. If you 532 00:30:58,240 --> 00:31:01,160 Speaker 3: want to be a part of the program, I will 533 00:31:01,320 --> 00:31:04,800 Speaker 3: President Trumpaco. Full coverage tonight nine Eastern on Heniday on 534 00:31:04,880 --> 00:31:06,360 Speaker 3: Fox News. As we continue,