1 00:00:00,240 --> 00:00:03,320 Speaker 1: Bad news with the economy and how did we get 2 00:00:03,320 --> 00:00:06,280 Speaker 1: to where we are today because of the Biden administration. 3 00:00:06,400 --> 00:00:10,160 Speaker 1: We now know that the US added just three hundred 4 00:00:10,240 --> 00:00:14,360 Speaker 1: and eleven thousand jobs in February. Now, I say just 5 00:00:14,960 --> 00:00:19,080 Speaker 1: because that number is actually not great overall. However, that 6 00:00:19,200 --> 00:00:23,440 Speaker 1: number is hotter than expected, and that means that inflation 7 00:00:23,800 --> 00:00:28,520 Speaker 1: is on the rise. Economists had forecasts that payrolls would 8 00:00:28,560 --> 00:00:31,319 Speaker 1: grow by two hundred and twenty three thousand and the 9 00:00:31,400 --> 00:00:34,479 Speaker 1: unemployment rate would hold steady at three point four percent. 10 00:00:35,000 --> 00:00:37,960 Speaker 1: The problem now is unemployment rate has actually gone up 11 00:00:38,000 --> 00:00:41,840 Speaker 1: to three point six percent, and the Labor Department's Job 12 00:00:42,000 --> 00:00:47,600 Speaker 1: Openings and Labor Turnover Survey, known as JOLTS, show that 13 00:00:47,680 --> 00:00:51,000 Speaker 1: there were ten point eight million job openings in America 14 00:00:51,080 --> 00:00:58,160 Speaker 1: today and around one point nine vacancies for every unemployed person. 15 00:00:58,680 --> 00:01:01,240 Speaker 1: That's not good news because that means people are gonna 16 00:01:01,320 --> 00:01:04,640 Speaker 1: start paying much higher wages to fill those positions. When 17 00:01:04,640 --> 00:01:07,480 Speaker 1: you have a two to one ratio, there one worker 18 00:01:07,560 --> 00:01:12,400 Speaker 1: for every two jobs. That is why it is fueling inflation. 19 00:01:13,080 --> 00:01:16,480 Speaker 1: This on top of the fact that the Biden administration 20 00:01:17,000 --> 00:01:20,840 Speaker 1: is ready to raise your taxes. Biden said, don't worry, 21 00:01:20,880 --> 00:01:23,680 Speaker 1: no one making less than four hundred thousand dollars a year, 22 00:01:24,200 --> 00:01:26,840 Speaker 1: we'll pay a penny more in federal taxes. Do you 23 00:01:26,880 --> 00:01:31,520 Speaker 1: believe him? I don't listen. No one making less than 24 00:01:31,560 --> 00:01:35,400 Speaker 1: four hundred thousand dollars we'll see a penny in federal 25 00:01:35,440 --> 00:01:38,280 Speaker 1: taxes go up, not a single penny. Now, why to 26 00:01:38,319 --> 00:01:40,320 Speaker 1: do it four hundred thousand, because I doubt anybody here 27 00:01:40,319 --> 00:01:43,200 Speaker 1: makes four hundred thousand. I did it to make the 28 00:01:43,240 --> 00:01:49,200 Speaker 1: case that I'm not going after anything remotely any ordinary folks, 29 00:01:49,200 --> 00:01:53,960 Speaker 1: because they're paying their share. Because they're paying their share, 30 00:01:54,000 --> 00:01:56,680 Speaker 1: all right. So if you make four hundred thousand dollars 31 00:01:56,760 --> 00:01:58,840 Speaker 1: or more year, how much do you pay in taxes 32 00:01:59,000 --> 00:02:01,680 Speaker 1: a lot? There's a good chance you're paying close to 33 00:02:01,720 --> 00:02:05,559 Speaker 1: one hundred thousand dollars, if not more, depending on how 34 00:02:05,600 --> 00:02:08,600 Speaker 1: you have your businesses and how you pay your taxes 35 00:02:08,600 --> 00:02:11,240 Speaker 1: and how you invest your funds. In other words, you're 36 00:02:11,240 --> 00:02:13,320 Speaker 1: going to be paying probably more than one hundred thousand 37 00:02:13,320 --> 00:02:15,600 Speaker 1: dollars a year. And now he wants more of your money. 38 00:02:16,080 --> 00:02:18,240 Speaker 1: If you make four hundred thousand dollars a year more, 39 00:02:18,280 --> 00:02:20,880 Speaker 1: there's a very good chance that you also employed quite 40 00:02:20,880 --> 00:02:24,639 Speaker 1: a few people. That means you're helping the economy, you're 41 00:02:24,639 --> 00:02:28,600 Speaker 1: a small business owner, you're taking risks, you're investing in things, 42 00:02:28,800 --> 00:02:32,240 Speaker 1: and of the Biden team, you are now apparently public 43 00:02:32,440 --> 00:02:35,720 Speaker 1: enemy number one. Now the White House also at the 44 00:02:35,760 --> 00:02:42,040 Speaker 1: same time, has come out with their budget. Yeah, their budget. 45 00:02:42,680 --> 00:02:44,800 Speaker 1: I want you to take a listen to what is 46 00:02:44,919 --> 00:02:49,240 Speaker 1: in this budget. And before I get to that, I 47 00:02:49,360 --> 00:02:52,000 Speaker 1: also want you to know what they believe in. With 48 00:02:52,040 --> 00:02:54,560 Speaker 1: this White House. It's not about actually what's helping you 49 00:02:54,639 --> 00:02:58,640 Speaker 1: as the American people. It's actually about pushing agenda items 50 00:02:58,639 --> 00:03:04,320 Speaker 1: like climate change, transgender ism, and inner sex. Yes, these 51 00:03:04,360 --> 00:03:08,440 Speaker 1: are all words used in Biden's new budget. Take a 52 00:03:08,480 --> 00:03:11,480 Speaker 1: list of this from Senator Ted Cruz. The agenda, This 53 00:03:11,520 --> 00:03:15,400 Speaker 1: is Bernie Sanders's budget, This is AOC, this is Elizabeth Warren. 54 00:03:15,560 --> 00:03:19,000 Speaker 1: And let me show you just some amazing stats just 55 00:03:19,120 --> 00:03:24,360 Speaker 1: on a quick review of the budget. All right, here's 56 00:03:24,400 --> 00:03:27,720 Speaker 1: how many times the following words appear in the budget. 57 00:03:28,360 --> 00:03:33,920 Speaker 1: Equity sixty three times, climate one hundred and forty eight times, 58 00:03:34,560 --> 00:03:40,280 Speaker 1: environmental justice twenty five times, transgender eight times, intersects which 59 00:03:40,320 --> 00:03:44,640 Speaker 1: I have no idea what that is. Seven times. Now 60 00:03:46,960 --> 00:03:52,000 Speaker 1: none of us know either. That's more a Yale thing. 61 00:03:53,680 --> 00:03:55,840 Speaker 1: So let me give you the other side of that, John, 62 00:03:57,200 --> 00:03:59,960 Speaker 1: I hope you don't have yel people sing glad real quick. 63 00:04:02,600 --> 00:04:06,560 Speaker 1: So things the American people care about inflation only ten times, 64 00:04:06,640 --> 00:04:11,360 Speaker 1: fentanyl twice, border security eight times, police four times, law 65 00:04:11,480 --> 00:04:14,960 Speaker 1: enforcement nine times, crime twenty four times, and gas prices 66 00:04:15,240 --> 00:04:19,920 Speaker 1: three times. They tell you who they are. Senator Cruz 67 00:04:20,000 --> 00:04:22,839 Speaker 1: there on Hannity with a live studio audience. I love 68 00:04:22,880 --> 00:04:25,359 Speaker 1: the energy there. If you haven't watched Hannity with a 69 00:04:25,400 --> 00:04:28,400 Speaker 1: live audience, it's really cool. But what Senator Cruz was 70 00:04:28,480 --> 00:04:30,840 Speaker 1: talking about there is the fact that this budget is 71 00:04:30,880 --> 00:04:36,240 Speaker 1: not actually a budget. This is a propaganda budget about equity, 72 00:04:36,320 --> 00:04:41,719 Speaker 1: climate change, transgenderism. This isn't a budget. Equity used sixty 73 00:04:41,760 --> 00:04:46,560 Speaker 1: three times, climate a hundred and forty eight times, environmental 74 00:04:46,640 --> 00:04:50,760 Speaker 1: justice twenty five times, transgender eight times in a budget, 75 00:04:52,800 --> 00:04:55,440 Speaker 1: intersects as he put out, no idea what that means 76 00:04:55,520 --> 00:05:00,320 Speaker 1: seven times. Now it's compared to things like the American people, 77 00:05:00,320 --> 00:05:03,359 Speaker 1: what does this tell you? They don't care about a budget. 78 00:05:03,400 --> 00:05:07,560 Speaker 1: They care about changing fundamentally this country. That's one of 79 00:05:07,560 --> 00:05:10,320 Speaker 1: the biggest issues here. When you have a budget and 80 00:05:10,360 --> 00:05:13,400 Speaker 1: you only mentioned inflation ten times, fetinal twice, board of 81 00:05:13,440 --> 00:05:16,400 Speaker 1: security eight times, and gas prices three times. But you 82 00:05:16,760 --> 00:05:19,520 Speaker 1: have these other words one hundred and forty eight times 83 00:05:19,520 --> 00:05:22,960 Speaker 1: a word climate and equity sixty three times. You know 84 00:05:23,040 --> 00:05:28,000 Speaker 1: this administration is pushing an agenda, awoke agenda that they 85 00:05:28,080 --> 00:05:30,360 Speaker 1: want you to pay for, and they want you to 86 00:05:30,360 --> 00:05:33,159 Speaker 1: pay a lot of money for it, billions and billions 87 00:05:33,160 --> 00:05:37,040 Speaker 1: of dollars. Now, we looked up intersects to just so 88 00:05:37,160 --> 00:05:39,680 Speaker 1: you understand what it means, because this is apparently important 89 00:05:39,680 --> 00:05:44,680 Speaker 1: in our United States budget. Intersex is a general term, 90 00:05:44,760 --> 00:05:48,480 Speaker 1: and this is in our budget use for a variety 91 00:05:48,560 --> 00:05:51,960 Speaker 1: of situations in which a person is born with reproductive 92 00:05:52,080 --> 00:05:56,920 Speaker 1: or sexual anatomy that doesn't fit the boxes of female 93 00:05:57,040 --> 00:06:02,400 Speaker 1: or male. Sometimes doctors do surgeries on intersects babies and 94 00:06:02,520 --> 00:06:07,440 Speaker 1: children to make their bodies fit the binary ideas of 95 00:06:07,640 --> 00:06:11,360 Speaker 1: quote male or female. So that is in our budget. Now, 96 00:06:11,400 --> 00:06:13,320 Speaker 1: does that have anything to do with our budget? Of course, 97 00:06:13,360 --> 00:06:17,200 Speaker 1: it doesn't have anything to do with our budget. Of course, 98 00:06:17,240 --> 00:06:21,920 Speaker 1: this has nothing to do with our budget. But it's 99 00:06:21,960 --> 00:06:24,680 Speaker 1: in there. And if you want to know why we've 100 00:06:24,720 --> 00:06:26,719 Speaker 1: gone to hell in a handbasket in this country with 101 00:06:26,880 --> 00:06:31,000 Speaker 1: this budget, this is exactly why. This is exactly why 102 00:06:31,560 --> 00:06:34,000 Speaker 1: our country has gone to hell in a handbasket under 103 00:06:34,000 --> 00:06:37,480 Speaker 1: the Biden administration because they're not running the country the 104 00:06:37,480 --> 00:06:39,920 Speaker 1: way that you would run a country. They're not running 105 00:06:39,920 --> 00:06:44,360 Speaker 1: the country in a fiscally responsible manner. They're running our 106 00:06:44,400 --> 00:06:48,800 Speaker 1: country using the budget to push an extreme, woke ideology. 107 00:06:48,839 --> 00:06:51,360 Speaker 1: That is the truth, and you just have to read 108 00:06:51,400 --> 00:06:54,320 Speaker 1: the budget to understand it. This is a woke Bernie 109 00:06:54,400 --> 00:06:58,160 Speaker 1: Sanders budget. There was also something else that center Cruz said, 110 00:06:58,720 --> 00:07:01,000 Speaker 1: and he went in a much more detail on this 111 00:07:01,040 --> 00:07:03,520 Speaker 1: on Verdict with Ted Cruise, our podcast that I co 112 00:07:03,600 --> 00:07:05,480 Speaker 1: host with him. But I want you to hear this 113 00:07:05,520 --> 00:07:07,360 Speaker 1: and again this is with the studio audience on Handy 114 00:07:07,440 --> 00:07:10,440 Speaker 1: last night, saying the sad truth is we have a 115 00:07:10,440 --> 00:07:12,560 Speaker 1: White House isn't being run by the Democratic Party. We 116 00:07:12,600 --> 00:07:16,080 Speaker 1: have a white House that's being run by socialists. Senator 117 00:07:16,360 --> 00:07:19,720 Speaker 1: I gave the numbers. We see the economy. We see 118 00:07:20,120 --> 00:07:23,440 Speaker 1: two thirds of the American people now can't make ends meet. 119 00:07:23,680 --> 00:07:26,800 Speaker 1: You see people cashing in their retirement plans to make 120 00:07:26,920 --> 00:07:29,920 Speaker 1: ends meet, people for bare necessities or using credit cards. 121 00:07:30,200 --> 00:07:34,440 Speaker 1: It's never been this bad in my life. Emily Sean, 122 00:07:34,520 --> 00:07:38,080 Speaker 1: the sad truth is the sad truth is the socialist 123 00:07:38,160 --> 00:07:40,680 Speaker 1: or in charge of the White House. Joe Biden certainly isn't. 124 00:07:40,760 --> 00:07:43,840 Speaker 1: But the people he surrounded him with, they have a 125 00:07:44,120 --> 00:07:46,680 Speaker 1: very simple approach to everything. They want to spend money 126 00:07:46,720 --> 00:07:48,680 Speaker 1: they don't want to have. They want to raise taxes 127 00:07:48,720 --> 00:07:54,960 Speaker 1: on you. They've unleashed record inflation. This budget that Biden 128 00:07:55,040 --> 00:07:59,400 Speaker 1: put out would create a fifty trillion dollar national debt. 129 00:07:59,440 --> 00:08:01,760 Speaker 1: And their view is they can just keep printing money 130 00:08:02,400 --> 00:08:06,040 Speaker 1: and unleashing inflation and borrowing money from China, and it 131 00:08:06,160 --> 00:08:09,000 Speaker 1: is wildly irresponsible. You know what's not in this budget 132 00:08:09,680 --> 00:08:12,600 Speaker 1: funds to secure our southern border. That they want to 133 00:08:12,640 --> 00:08:15,760 Speaker 1: fund eighty seven thousand new IRS agents, but they don't 134 00:08:15,800 --> 00:08:19,680 Speaker 1: have funds for significant numbers of new border patrol agents. 135 00:08:19,680 --> 00:08:22,680 Speaker 1: They don't have funds for significant number of new DA 136 00:08:22,720 --> 00:08:26,040 Speaker 1: agents to stop the fentanol crisis, the over one hundred 137 00:08:26,080 --> 00:08:30,600 Speaker 1: thousand overdoses that happened last year on Biden's watch. This 138 00:08:30,840 --> 00:08:34,120 Speaker 1: is a tax and spend budget, and amazingly some of 139 00:08:34,120 --> 00:08:36,839 Speaker 1: the taxes. They've got five point five trillion dollars in 140 00:08:36,920 --> 00:08:41,040 Speaker 1: new taxes in this budget. That includes taxes directly on energy, 141 00:08:41,280 --> 00:08:43,760 Speaker 1: so remember all the Democrats who said, gosh, we want 142 00:08:43,760 --> 00:08:47,920 Speaker 1: your gas prices low, they were lying. Joe Biden's budget 143 00:08:47,960 --> 00:08:51,280 Speaker 1: is saying he wants gas gas prices much much higher, 144 00:08:51,480 --> 00:08:53,360 Speaker 1: and he's going to put taxes on him where he 145 00:08:53,400 --> 00:08:57,480 Speaker 1: wants to in order to drive the prices up. Senator Cruise, 146 00:08:57,520 --> 00:08:59,400 Speaker 1: and the point that he is pointing out here is 147 00:08:59,400 --> 00:09:01,319 Speaker 1: being a member of the Senate and he's going to 148 00:09:01,400 --> 00:09:04,040 Speaker 1: have to vote on this budget is this is a 149 00:09:04,520 --> 00:09:10,000 Speaker 1: massive in expansion of government, trillions of dollars in new taxation, 150 00:09:10,600 --> 00:09:13,520 Speaker 1: and Democrats are now going back to what they wanted 151 00:09:13,559 --> 00:09:17,320 Speaker 1: to do all along. They are going to go after 152 00:09:17,480 --> 00:09:20,520 Speaker 1: oil and gas. We know the oil and gas prices 153 00:09:20,559 --> 00:09:25,560 Speaker 1: skyrocketing destroyed the economy. Democrats don't have a problem with that, 154 00:09:25,640 --> 00:09:29,160 Speaker 1: because they want to force you into alternative and green energy. 155 00:09:29,559 --> 00:09:31,800 Speaker 1: They want to force you into a hybrid. They want 156 00:09:31,800 --> 00:09:34,520 Speaker 1: to force you to change the way that you live 157 00:09:34,559 --> 00:09:37,360 Speaker 1: your life. So they don't have a problem with this. 158 00:09:37,480 --> 00:09:41,400 Speaker 1: They are completely fine with it. And the proof of 159 00:09:41,440 --> 00:09:42,960 Speaker 1: it is not that they're just fine with it. They're 160 00:09:42,960 --> 00:09:45,760 Speaker 1: gonna do it. They're advocating for it, they're moving forward, 161 00:09:45,800 --> 00:09:49,320 Speaker 1: They've written a bill for this. How many Democrats have 162 00:09:49,400 --> 00:09:52,320 Speaker 1: come out saying it's absurd to raise taxes trillions of 163 00:09:52,320 --> 00:09:55,840 Speaker 1: dollars right now in this country while we're already in 164 00:09:55,880 --> 00:09:59,000 Speaker 1: a recession and we're in a recession. It doesn't matter 165 00:09:59,400 --> 00:10:01,400 Speaker 1: how the meeting it tries to spend this or this 166 00:10:01,440 --> 00:10:05,559 Speaker 1: idea that we're in a possible recession or moving possibly 167 00:10:05,600 --> 00:10:08,320 Speaker 1: towards a recession. All that is crap. We are in 168 00:10:08,360 --> 00:10:11,800 Speaker 1: a recession. Okay, we're in it. It's clear. You can 169 00:10:11,880 --> 00:10:13,599 Speaker 1: feel it, you can watch it. You can see it 170 00:10:13,720 --> 00:10:16,120 Speaker 1: the prices at the grocery store. You can see it 171 00:10:16,120 --> 00:10:17,880 Speaker 1: with the prices of interestrying and see it with a 172 00:10:17,920 --> 00:10:20,920 Speaker 1: housing market. You can see it with the employment market. 173 00:10:20,960 --> 00:10:24,320 Speaker 1: We have two openings for every one possible employee in 174 00:10:24,320 --> 00:10:27,840 Speaker 1: this country right now. Wages are increasing and that is 175 00:10:27,880 --> 00:10:31,200 Speaker 1: pushing up inflation. The cost of goods and services are 176 00:10:31,280 --> 00:10:33,760 Speaker 1: going through the roof. Why do you think so many 177 00:10:33,800 --> 00:10:36,040 Speaker 1: people are not buying a house right now because of 178 00:10:36,120 --> 00:10:38,959 Speaker 1: not just interest rates but the pricing and talk about 179 00:10:39,040 --> 00:10:43,679 Speaker 1: new goods and services through the roof, labors through the roof. 180 00:10:44,360 --> 00:10:48,040 Speaker 1: That's why the US economy is again on fire in 181 00:10:48,800 --> 00:10:52,280 Speaker 1: two different ways, one with inflation and on fire as 182 00:10:52,360 --> 00:10:56,040 Speaker 1: it's hurting all of us now. There are also people 183 00:10:56,080 --> 00:10:59,360 Speaker 1: that are worried about other things that are happening. A 184 00:10:59,480 --> 00:11:05,280 Speaker 1: Silicon on Valley Bank, for example, shares have been halted 185 00:11:05,320 --> 00:11:10,080 Speaker 1: on Wall Street after a plunge deepens the bank SVB 186 00:11:10,559 --> 00:11:15,439 Speaker 1: Silicon Valley Bank. This is the same thing that happened 187 00:11:15,440 --> 00:11:18,920 Speaker 1: with Bear Stearns and the economy back in the In 188 00:11:19,000 --> 00:11:23,080 Speaker 1: the Bush Air twenty six seven eight, trading and shares 189 00:11:23,120 --> 00:11:26,160 Speaker 1: of the holding company of Silicon Valley Bank were halted 190 00:11:26,240 --> 00:11:30,679 Speaker 1: for Penning News on Friday after pre market price indicators 191 00:11:30,720 --> 00:11:36,480 Speaker 1: plunged by sixty three percent. SVB Financial Group set on 192 00:11:36,520 --> 00:11:39,880 Speaker 1: Wednesday that it was issueing at two point two five 193 00:11:39,960 --> 00:11:42,880 Speaker 1: billion of shares to bolster its capital position after a 194 00:11:42,960 --> 00:11:49,440 Speaker 1: significant loss in its investment portfolio. Prominent venture capitalists, reportedly 195 00:11:49,480 --> 00:11:53,920 Speaker 1: including Peter Thield, have reportedly told portfolio companies to withdraw 196 00:11:54,040 --> 00:11:59,200 Speaker 1: funds from the bank. CNBC is now reporting that the 197 00:11:59,280 --> 00:12:04,440 Speaker 1: attempted capital raise has quote failed. Instead, the bank is 198 00:12:04,440 --> 00:12:09,320 Speaker 1: now looking to sell itself, according to CNBC, The bank 199 00:12:09,400 --> 00:12:11,840 Speaker 1: set on Wednesday that would that it would book a 200 00:12:11,960 --> 00:12:17,160 Speaker 1: one point eight billion after tax loss on sales of investments, 201 00:12:17,160 --> 00:12:21,199 Speaker 1: sparking panic that has led some depositors to withdraw their 202 00:12:21,240 --> 00:12:25,200 Speaker 1: funds from the bank. Rising rates hurt the value of 203 00:12:25,240 --> 00:12:29,240 Speaker 1: bond portfolios held by this bank. What's more, customers are 204 00:12:29,320 --> 00:12:32,120 Speaker 1: lured out of bank deposits seeking higher yields and safe 205 00:12:32,200 --> 00:12:37,640 Speaker 1: assets such as short term treasuries. Perishing Square CEO Bill 206 00:12:37,720 --> 00:12:43,000 Speaker 1: Ackman compare the collapse of this bank Silicon Valley Bank 207 00:12:43,200 --> 00:12:46,280 Speaker 1: SVP to bear sterns and a tweet on Friday indicating 208 00:12:46,320 --> 00:12:48,480 Speaker 1: that the government may need to help, may need to 209 00:12:48,520 --> 00:12:51,400 Speaker 1: step in to make sure depositors were safe in order 210 00:12:51,440 --> 00:12:57,040 Speaker 1: to stem a broader bank run. It's happening, folks, the 211 00:12:57,160 --> 00:13:00,360 Speaker 1: economy right now. This is where we are. They can 212 00:13:00,400 --> 00:13:02,360 Speaker 1: lie to you and tell you that things are fine, 213 00:13:02,720 --> 00:13:04,760 Speaker 1: and the president can walk out there and tell you 214 00:13:04,800 --> 00:13:07,920 Speaker 1: we need to raise taxes. But this is the economy. 215 00:13:07,960 --> 00:13:11,120 Speaker 1: Why the hell would you raise taxes right now. Don't worry, though, 216 00:13:11,160 --> 00:13:13,080 Speaker 1: Joe Biden says, Hey, we're only going to screw the 217 00:13:13,120 --> 00:13:16,439 Speaker 1: people that are actually employing people. Those making over four 218 00:13:16,520 --> 00:13:18,520 Speaker 1: hundred thousand dollars a year are just going to pay 219 00:13:18,520 --> 00:13:22,960 Speaker 1: for the trillions of new spending. No one making less 220 00:13:22,960 --> 00:13:26,560 Speaker 1: than four hundred thousand dollars. We'll see a penny in 221 00:13:26,679 --> 00:13:29,840 Speaker 1: federal taxes go up, not a single penny. Now, why 222 00:13:29,880 --> 00:13:31,840 Speaker 1: to do it four hundred thousand, because I doubt anybody 223 00:13:31,840 --> 00:13:34,680 Speaker 1: here makes four hundred thousand. I did it to make 224 00:13:34,760 --> 00:13:39,559 Speaker 1: the case that I'm not going after anything remotely, and 225 00:13:39,720 --> 00:13:44,360 Speaker 1: even ordinary folks, because they're paying their share. Because they're 226 00:13:44,400 --> 00:13:49,440 Speaker 1: paying their fair share. Yeah, this goes back to the 227 00:13:49,440 --> 00:13:53,320 Speaker 1: democratic playbook. We see this every single time. What do 228 00:13:53,360 --> 00:13:56,960 Speaker 1: they say, you're not paying your fair share? Right? You 229 00:13:57,000 --> 00:13:59,120 Speaker 1: go to war with people, and you turn the good 230 00:13:59,120 --> 00:14:01,880 Speaker 1: guys into the back guys. You turn the employers into 231 00:14:01,920 --> 00:14:03,880 Speaker 1: the evil ones. You turn the rich people into the 232 00:14:03,920 --> 00:14:07,439 Speaker 1: evil ones. You tell the country that they're public enemy 233 00:14:07,520 --> 00:14:10,400 Speaker 1: number one, that they're the ones that are screwing you, 234 00:14:10,480 --> 00:14:13,080 Speaker 1: even though they're the ones that are paying the mass 235 00:14:13,160 --> 00:14:16,720 Speaker 1: majority of taxes. I'll tell you what, when I was younger, 236 00:14:16,920 --> 00:14:19,880 Speaker 1: growing up, I love this country a lot more than 237 00:14:19,920 --> 00:14:21,720 Speaker 1: I do love the government right now. I loved our 238 00:14:21,720 --> 00:14:23,640 Speaker 1: government a lot more than I like the government right now. 239 00:14:24,400 --> 00:14:26,280 Speaker 1: But when you start riding a check, when you have 240 00:14:26,360 --> 00:14:28,360 Speaker 1: good years and you take big risks, and you work 241 00:14:28,400 --> 00:14:30,640 Speaker 1: your tail off for six figures and taxes, and I've 242 00:14:30,680 --> 00:14:33,400 Speaker 1: had to do that and you realize what you don't 243 00:14:33,400 --> 00:14:36,200 Speaker 1: get in return for six figures of work. When you 244 00:14:36,240 --> 00:14:41,120 Speaker 1: realize that I work January February March to pay my 245 00:14:41,240 --> 00:14:43,760 Speaker 1: taxes and then I get start earning money. That's how 246 00:14:43,800 --> 00:14:47,120 Speaker 1: long I work for the United States government every year, 247 00:14:47,200 --> 00:14:51,520 Speaker 1: no matter what. It'll really make you angry, and it 248 00:14:51,600 --> 00:14:54,400 Speaker 1: should make you angry by the way. It is infuriating. 249 00:14:55,600 --> 00:14:58,160 Speaker 1: It is infuriating that that's where we are in this country, 250 00:14:58,160 --> 00:15:01,720 Speaker 1: and now they want more from me. When I take risks, 251 00:15:01,800 --> 00:15:04,280 Speaker 1: when I start businesses, when I work as hard as 252 00:15:04,320 --> 00:15:08,080 Speaker 1: I can to provide for my family, when I take 253 00:15:08,240 --> 00:15:12,280 Speaker 1: huge losses through COVID and businesses and small businesses, when 254 00:15:12,320 --> 00:15:14,960 Speaker 1: I have income that drops fifty sixty seventy percent a 255 00:15:15,040 --> 00:15:18,400 Speaker 1: year because of the economy, because of advertising, for example, 256 00:15:18,720 --> 00:15:21,600 Speaker 1: They're not going to be there to help me. They're 257 00:15:21,600 --> 00:15:23,920 Speaker 1: just gonna take every damn dime then get their hands on. 258 00:15:25,040 --> 00:15:27,760 Speaker 1: And it's not just because I'm conservative, It's because I 259 00:15:27,880 --> 00:15:33,880 Speaker 1: am fighting hard and working hard. Self made small business owners. 260 00:15:34,400 --> 00:15:37,360 Speaker 1: They don't punch a clock. They do whatever it takes 261 00:15:38,840 --> 00:15:41,840 Speaker 1: for as many hours as it takes to get it done. 262 00:15:42,760 --> 00:15:45,800 Speaker 1: And the federal government now is putting their foot on 263 00:15:45,880 --> 00:15:49,760 Speaker 1: all of our necks to the tune of trillions and 264 00:15:49,880 --> 00:15:53,840 Speaker 1: news spending. And this is the Democratic Socialist Party. They're 265 00:15:53,840 --> 00:15:57,760 Speaker 1: not Democrats, they're socialists. You look at this budget. It's 266 00:15:57,760 --> 00:16:05,120 Speaker 1: not a budget. It's a socialist manifesto that now actually 267 00:16:05,360 --> 00:16:13,440 Speaker 1: has funding connected to it. This isn't just some random idea, okay, 268 00:16:13,480 --> 00:16:20,560 Speaker 1: This is an actual manifesto. This is a manifesto that says, 269 00:16:20,680 --> 00:16:23,640 Speaker 1: now we would like to move on to the funding stage, 270 00:16:24,800 --> 00:16:27,920 Speaker 1: and if you have money, we're going to take it 271 00:16:27,960 --> 00:16:30,360 Speaker 1: from you, and we're gonna give it to the government 272 00:16:30,360 --> 00:16:32,000 Speaker 1: who's ain't going to debut it out to people that 273 00:16:32,040 --> 00:16:35,040 Speaker 1: we like that people that we think are good, people 274 00:16:35,440 --> 00:16:39,920 Speaker 1: that we think will vote for us. There isn't an 275 00:16:39,960 --> 00:16:44,240 Speaker 1: economist in the country right now that would believe and 276 00:16:44,400 --> 00:16:48,160 Speaker 1: advocate for the idea that now is the right time 277 00:16:48,200 --> 00:16:54,360 Speaker 1: to raise taxes, okay, And there's not a single person 278 00:16:55,120 --> 00:16:57,200 Speaker 1: right now that would say this is the time to 279 00:16:57,400 --> 00:17:02,520 Speaker 1: do it. Janet Yellen, by the way, saying Biden's policies 280 00:17:02,600 --> 00:17:06,480 Speaker 1: have made a meaningful difference for American families. I want 281 00:17:06,480 --> 00:17:09,680 Speaker 1: to know why the Treasury Secretary is making political statements 282 00:17:10,080 --> 00:17:13,080 Speaker 1: like this about the presidents twenty twenty four budget. Listen 283 00:17:13,119 --> 00:17:17,720 Speaker 1: to your Treasury Secretary now. Our task is to navigate 284 00:17:17,760 --> 00:17:23,720 Speaker 1: our economy's transition from rapid recovery to sustainable growth. Our 285 00:17:23,760 --> 00:17:30,240 Speaker 1: administration's top economic priority remains bringing down inflation. We've seen 286 00:17:30,359 --> 00:17:34,560 Speaker 1: some moderation and headline inflation, but more work needs to 287 00:17:34,600 --> 00:17:38,760 Speaker 1: be done. Our administration will continue to build on the 288 00:17:38,800 --> 00:17:44,400 Speaker 1: actions we've taken to expand supply and provide cost relief 289 00:17:44,720 --> 00:17:49,400 Speaker 1: in areas like energy and healthcare. These actions have made 290 00:17:49,440 --> 00:17:54,639 Speaker 1: a meaningful difference for American families. So we now have 291 00:17:54,680 --> 00:18:01,800 Speaker 1: a Treasury secretary that's pushing this socialist propaganda. Kevin McCarthy, 292 00:18:01,880 --> 00:18:05,200 Speaker 1: the Speaker of the House, he did an interview earlier 293 00:18:05,240 --> 00:18:08,679 Speaker 1: today talking about Joe Biden's budget, and he put it 294 00:18:08,720 --> 00:18:12,840 Speaker 1: into perspective a little bit different way. He said, what 295 00:18:13,000 --> 00:18:15,400 Speaker 1: Joe Biden's trying to do is create the biggest government 296 00:18:15,640 --> 00:18:18,040 Speaker 1: we've ever seen in the history of the world. We 297 00:18:18,080 --> 00:18:20,639 Speaker 1: disagree and then fight it out on the Commress. I'd 298 00:18:20,680 --> 00:18:24,000 Speaker 1: ready to meet with the Speaker anytime tomorrow if he 299 00:18:24,040 --> 00:18:27,240 Speaker 1: has his budget. Just heard the President say he's ready 300 00:18:27,240 --> 00:18:30,359 Speaker 1: for you. Are you ready for him? I've been ready 301 00:18:30,400 --> 00:18:32,359 Speaker 1: to meet with him since the day he got in, 302 00:18:32,480 --> 00:18:34,840 Speaker 1: but he's been avoiding. You know, he's been more than 303 00:18:34,880 --> 00:18:37,240 Speaker 1: a month late with producing this budget. He's known it 304 00:18:37,280 --> 00:18:40,679 Speaker 1: for more than two years. And anybody who's took economy 305 00:18:40,760 --> 00:18:43,119 Speaker 1: one oh one would know this is the wrong approach. 306 00:18:43,640 --> 00:18:46,040 Speaker 1: We've got an economy worried about whether we're going to 307 00:18:46,119 --> 00:18:49,080 Speaker 1: go downward, and he wants to take taxes. That's all 308 00:18:49,119 --> 00:18:51,680 Speaker 1: he ever wants to do to create the biggest government 309 00:18:51,720 --> 00:18:54,240 Speaker 1: we've ever had. And then what does he do about 310 00:18:54,240 --> 00:18:56,800 Speaker 1: the deficit? He just adds to it. And we've just 311 00:18:56,920 --> 00:18:59,840 Speaker 1: had the Congressional Budget Office come out and tell us 312 00:19:00,040 --> 00:19:03,520 Speaker 1: why do we have inflation? All that spending Democrats did 313 00:19:03,560 --> 00:19:05,959 Speaker 1: why they were in power, and now he wants to 314 00:19:06,000 --> 00:19:08,560 Speaker 1: spend more. So now we have to pay the piper. 315 00:19:08,760 --> 00:19:11,720 Speaker 1: We're going to pay more than ten point five trillion 316 00:19:11,960 --> 00:19:14,679 Speaker 1: in the next ten years just on interest. But for 317 00:19:14,720 --> 00:19:18,320 Speaker 1: the American public to know, since nineteen forty to today, 318 00:19:18,400 --> 00:19:21,520 Speaker 1: we've only paid nine trillion dollars in interest. So he's 319 00:19:21,520 --> 00:19:24,000 Speaker 1: going to do what took us eighty some years to 320 00:19:24,080 --> 00:19:27,560 Speaker 1: happen in less than ten years, and for the first 321 00:19:27,640 --> 00:19:30,960 Speaker 1: time in a ten year window, by the Congressional Budget Office. 322 00:19:31,320 --> 00:19:36,919 Speaker 1: All three trust funds go insolvent, the Highway Trust Fund, Medicare, 323 00:19:36,960 --> 00:19:40,000 Speaker 1: and Social Security. And he has no answer, And why 324 00:19:40,080 --> 00:19:43,080 Speaker 1: is it going insolvent? Because they rated it when they 325 00:19:43,119 --> 00:19:46,280 Speaker 1: did Obamacare. They rated it when they passed their last 326 00:19:46,359 --> 00:19:50,359 Speaker 1: big all Democrat bill, their American Rescue. They continue to 327 00:19:51,200 --> 00:19:55,080 Speaker 1: have the worst policies for this country. It's to take 328 00:19:55,200 --> 00:19:59,560 Speaker 1: more and make government bigger, take more and make government bigger, 329 00:20:00,160 --> 00:20:02,719 Speaker 1: trying to make the biggest government we've ever seen in 330 00:20:02,760 --> 00:20:05,920 Speaker 1: the history of this country. And Joe Biden just says, Hey, 331 00:20:05,960 --> 00:20:09,080 Speaker 1: we're in a bad economy, let's raise taxes. Janet yellen 332 00:20:09,160 --> 00:20:12,120 Speaker 1: policies have made a meaningful different in American families. Yeah, 333 00:20:12,160 --> 00:20:14,399 Speaker 1: they have less money now than they've ever had before. 334 00:20:15,359 --> 00:20:18,280 Speaker 1: And the President just walked out trying to spend all 335 00:20:18,320 --> 00:20:21,600 Speaker 1: of this news at the White House, saying a moment ago, 336 00:20:21,720 --> 00:20:27,120 Speaker 1: the February jobs report shows that my economic plan his words, 337 00:20:27,359 --> 00:20:30,720 Speaker 1: is working. I think we've got a good jobs report. 338 00:20:30,760 --> 00:20:33,120 Speaker 1: I'm happy to report that our economy has created over 339 00:20:33,240 --> 00:20:37,679 Speaker 1: three hundred thousand new jobs last month. And that's on 340 00:20:37,720 --> 00:20:40,480 Speaker 1: top of a half million jobs we added the month before. 341 00:20:41,440 --> 00:20:45,040 Speaker 1: All told, we've created more than twelve thousand, twelve thousand 342 00:20:45,119 --> 00:20:48,399 Speaker 1: jobs since they took office, nearly eight thousand of the 343 00:20:48,480 --> 00:20:52,800 Speaker 1: manufacturing jobs. That means overall, we've created more jobs in 344 00:20:52,920 --> 00:20:55,480 Speaker 1: two years than any administrations have created in the first 345 00:20:55,520 --> 00:21:00,640 Speaker 1: four years. And I think all this matters. By the way, 346 00:21:00,640 --> 00:21:03,760 Speaker 1: do any of you believe any of this when he says, 347 00:21:03,800 --> 00:21:05,800 Speaker 1: you know, we've created more jobs anybody else than in 348 00:21:05,800 --> 00:21:09,320 Speaker 1: the first two years, and you didn't create those jobs. 349 00:21:09,359 --> 00:21:13,359 Speaker 1: Mister president, What you did do is you shut down 350 00:21:13,400 --> 00:21:17,399 Speaker 1: the country and did everything you could to keep it 351 00:21:17,440 --> 00:21:21,760 Speaker 1: shut down, and then you came back. You're like, all right, 352 00:21:22,920 --> 00:21:26,280 Speaker 1: now that we've shut everything down, we're gonna open it 353 00:21:26,320 --> 00:21:30,200 Speaker 1: back up. And then hiring went through the roof. That's 354 00:21:30,240 --> 00:21:34,520 Speaker 1: not you creating a job. That's people just going back 355 00:21:34,520 --> 00:21:39,000 Speaker 1: to the jobs that you help shut down when you 356 00:21:39,119 --> 00:21:42,960 Speaker 1: shut down the economy and then finally people got to 357 00:21:42,960 --> 00:21:48,000 Speaker 1: go back to work. That's not creating a job. Okay, 358 00:21:50,080 --> 00:21:55,040 Speaker 1: you can't take credit for that. That's not creating anything 359 00:21:58,480 --> 00:22:01,840 Speaker 1: at all. But he wants you to believe that somehow 360 00:22:01,880 --> 00:22:08,760 Speaker 1: he's creating jobs literally out of thin air. It means 361 00:22:08,760 --> 00:22:12,840 Speaker 1: our economic plan is working. And when I took office 362 00:22:12,880 --> 00:22:15,920 Speaker 1: the recovery and the economy was there was no recovery 363 00:22:15,920 --> 00:22:19,080 Speaker 1: in the economy was really and the eighteen million people 364 00:22:19,080 --> 00:22:23,280 Speaker 1: were unemployed on unemployment insurance compared to less than two 365 00:22:23,320 --> 00:22:27,399 Speaker 1: millions a day. Unemployment was six point three percent, and 366 00:22:27,720 --> 00:22:31,520 Speaker 1: nonpartisan Congressional budget officers predicted it wouldn't get below four 367 00:22:31,600 --> 00:22:35,720 Speaker 1: percent until twenty twenty six. Because of our economic plan, 368 00:22:35,840 --> 00:22:39,520 Speaker 1: unemployment has been below four percent for fourteen straight months 369 00:22:39,640 --> 00:22:43,879 Speaker 1: since January twenty twenty two. Last month, that unemployment rate 370 00:22:43,960 --> 00:22:48,040 Speaker 1: remained near the lowest level in fifty years. Fifty years, 371 00:22:48,760 --> 00:22:51,200 Speaker 1: and that's really good news. People who were staying out 372 00:22:51,200 --> 00:22:53,480 Speaker 1: of the job market, this is a particularly good news, 373 00:22:53,880 --> 00:22:56,400 Speaker 1: are now getting back into the job market. They're coming 374 00:22:56,440 --> 00:22:58,800 Speaker 1: off the sidelines. They're getting back into the job market. 375 00:22:59,320 --> 00:23:02,440 Speaker 1: The share of working age folks who are in the 376 00:23:02,520 --> 00:23:05,320 Speaker 1: labor force, it's higher than it has been anytime since 377 00:23:05,359 --> 00:23:07,320 Speaker 1: two thousand and eight. That was one of the big 378 00:23:07,320 --> 00:23:11,760 Speaker 1: predictors everybody's looking at. So Joe Biden wants you to 379 00:23:11,760 --> 00:23:14,679 Speaker 1: believe the economy is great. You should pat him on 380 00:23:14,680 --> 00:23:18,800 Speaker 1: the back, that inflation isn't real, that the expansion of 381 00:23:18,880 --> 00:23:22,760 Speaker 1: government and higher taxes is all a good thing and 382 00:23:22,920 --> 00:23:29,000 Speaker 1: part of his plan. The White House also claiming this 383 00:23:29,040 --> 00:23:34,440 Speaker 1: morning that his fiscal policies are somehow responsible, even though 384 00:23:34,680 --> 00:23:40,120 Speaker 1: we're borrowing record number of dollars and trillion dollar deficits 385 00:23:40,840 --> 00:23:44,800 Speaker 1: when we talk about deficit reduction, when we talk about 386 00:23:44,800 --> 00:23:47,840 Speaker 1: having being fiscally responsible. This is something that the President 387 00:23:47,880 --> 00:23:50,440 Speaker 1: has talked about since the campaign. And you hear me 388 00:23:50,600 --> 00:23:52,800 Speaker 1: just as I did moments ago, talk about the one 389 00:23:52,800 --> 00:23:55,080 Speaker 1: point seven trillion dollars deficit that he did the first 390 00:23:55,080 --> 00:23:59,159 Speaker 1: two years. Yeah, they're now telling you he's actually cutting 391 00:23:59,160 --> 00:24:02,680 Speaker 1: your deficit, that things are better because of him, not worse, 392 00:24:04,000 --> 00:24:06,960 Speaker 1: And the White House Press Corps not pushing back on this, 393 00:24:07,119 --> 00:24:10,879 Speaker 1: They're just reporting this. You go out and talk to 394 00:24:10,920 --> 00:24:12,879 Speaker 1: any American right now and they will tell you that 395 00:24:12,920 --> 00:24:16,560 Speaker 1: they are hurting. We know from the data that there 396 00:24:16,600 --> 00:24:18,879 Speaker 1: are more Americans now than in any other time in 397 00:24:18,920 --> 00:24:23,280 Speaker 1: my lifetime, living literally paycheck to paycheck, taking money out 398 00:24:23,280 --> 00:24:26,800 Speaker 1: of their retirement accounts, out of their four oh one case, 399 00:24:28,119 --> 00:24:31,119 Speaker 1: just to try to make ends meet. Yes, we know that. 400 00:24:31,800 --> 00:24:34,600 Speaker 1: I'm honest about this. Some wages have gone up, but 401 00:24:34,720 --> 00:24:38,840 Speaker 1: the amount of money that you're making now is instantly 402 00:24:38,920 --> 00:24:42,879 Speaker 1: disappearing because the costs of goods and services have skyrocketed. 403 00:24:44,640 --> 00:24:46,960 Speaker 1: You can't say that the economy is in great shape 404 00:24:47,000 --> 00:24:50,240 Speaker 1: when the American people are struggling just to put food 405 00:24:50,280 --> 00:24:53,240 Speaker 1: on the table. I was talking to a banker the 406 00:24:53,240 --> 00:24:56,240 Speaker 1: other day and they were talking about the massive increase 407 00:24:56,320 --> 00:25:01,640 Speaker 1: in overdrafts on debit cards. This areted late last year, 408 00:25:02,600 --> 00:25:07,480 Speaker 1: and they say, is continuing to get worse and worse 409 00:25:08,359 --> 00:25:14,200 Speaker 1: and worse. Why is that happening? How is it getting 410 00:25:14,240 --> 00:25:17,879 Speaker 1: and why is it getting worse and worse? Because Americans 411 00:25:17,920 --> 00:25:20,320 Speaker 1: are running out of money each month before they get 412 00:25:20,320 --> 00:25:27,320 Speaker 1: their next paycheck. Would increasing taxes fix that problem or 413 00:25:27,359 --> 00:25:29,880 Speaker 1: make it even worse? It would make it worse. Talk 414 00:25:29,920 --> 00:25:32,000 Speaker 1: to any economists. They would say, now is not the 415 00:25:32,119 --> 00:25:37,560 Speaker 1: right time to raise taxes. This would be a colossal 416 00:25:38,600 --> 00:25:43,639 Speaker 1: failure to raise taxes right now, at this moment in time. 417 00:25:44,000 --> 00:25:51,720 Speaker 1: They don't care. So when they tell you that things 418 00:25:51,760 --> 00:25:55,000 Speaker 1: are good, go look at your bank account. When they 419 00:25:55,040 --> 00:25:57,600 Speaker 1: tell you things are good, go look at the costs 420 00:25:57,600 --> 00:26:00,560 Speaker 1: of a gallon of milk. Go look at the record 421 00:26:00,640 --> 00:26:06,240 Speaker 1: setting prices for basic necessities like eggs. Have you looked 422 00:26:06,280 --> 00:26:10,000 Speaker 1: at egg prices lately? Have you looked at bread? How 423 00:26:10,040 --> 00:26:13,679 Speaker 1: have you looked at butter. Have you looked at not 424 00:26:13,800 --> 00:26:15,840 Speaker 1: just butter, have you looked at the price of chicken. 425 00:26:16,680 --> 00:26:19,480 Speaker 1: I bought chicken breasts the other day, took a cook 426 00:26:19,560 --> 00:26:23,000 Speaker 1: at home, right save a little money. Fourteen dollars for 427 00:26:23,119 --> 00:26:25,960 Speaker 1: my family for chicken. I've never paid that in my life. 428 00:26:26,160 --> 00:26:29,159 Speaker 1: It was over four dollars a pound for chicken breasts. 429 00:26:29,160 --> 00:26:33,119 Speaker 1: And I wasn't buying like the organic we gave the kids. 430 00:26:33,200 --> 00:26:35,960 Speaker 1: You know, the chickens hugs every morning chicken breasts either. 431 00:26:36,600 --> 00:26:40,040 Speaker 1: This was just straight up chicken breasts. I've never paid 432 00:26:40,080 --> 00:26:41,720 Speaker 1: what I'm paying right now for a gallon of milk. 433 00:26:41,760 --> 00:26:44,240 Speaker 1: I've never paid what I'm paying right now for butter. 434 00:26:44,560 --> 00:26:48,240 Speaker 1: I've never paid what I'm paying right now for beef. 435 00:26:49,840 --> 00:26:52,919 Speaker 1: Are those prices coming down? No, And the American people 436 00:26:52,920 --> 00:26:56,560 Speaker 1: are feeling this, and they want to raise your taxes 437 00:26:58,000 --> 00:27:00,360 Speaker 1: because ultimately what they need is a very every week 438 00:27:00,440 --> 00:27:04,400 Speaker 1: economy so that you're dependent on the government for your survival. 439 00:27:04,720 --> 00:27:08,679 Speaker 1: That's how democrats get power. Make sure you share a 440 00:27:08,720 --> 00:27:11,280 Speaker 1: podcast please with your family and friends. Please write us 441 00:27:11,280 --> 00:27:14,520 Speaker 1: a five star review on wherever you're listening to this podcast, 442 00:27:14,600 --> 00:27:17,840 Speaker 1: so more people will find our podcasts. That helps tremendously 443 00:27:17,920 --> 00:27:20,280 Speaker 1: on the charts, and we will see you back here 444 00:27:20,520 --> 00:27:21,080 Speaker 1: tomorrow