December 25, 2025 • 27 mins
-
Economic Growth & Tariffs
- Reports a 4.3% GDP growth in Q3, exceeding expectations.
- Success is do to Trump’s tariff policies, tax reforms, and “America First” approach.
- Highlights record consumer spending during Black Friday and Cyber Monday.
-
Inflation & Monetary Policy
- Notes inflation is a pressure point but it is lower than under Biden.
- Federal Reserve’s PCE index and interest rate implications.
-
Media Criticism
- Mainstream media is using misleading narratives, predicting economic disaster that never materialized.
- Driven by anti-Trump bias.
-
Future Policy Changes
- Upcoming tax reforms in 2026: no tax on tips, overtime, and most Social Security benefits.
-
Government Spending & Debt
- Alarm over massive borrowing rates (e.g., $272 million per hour).
- Senator Rand Paul’s Festivus report on wasteful spending.
-
Political Landscape
- Discusses voter registration trends in Pennsylvania, showing GOP gains and erosion of Democratic advantage.
- Economic success is do to Trump’s popularity and electoral momentum.
-
Criticism of Democrats
- Targets figures like Tim Walz for alleged corruption and race-based rhetoric.
- Democratic policies are divisive and fiscally irresponsible.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
It's the economy stupid. That is the line that matters
in every election. If you're not talking about the economy
and the economy is bad, you're gonna have problems. Democrats
believe that the majority of you listening right now are
blaming Donald Trump for what they're describing as a quote
about economy.
Speaker 2 (00:21):
I'm actually not joking.
Speaker 1 (00:23):
What is the data saying? It says the opposite of that.
President Donald Trump on Tuesday credited his tariffs with producing
better than expected economic numbers in the third quarter and
added that the quote Trump economic golden Age is full
steam ahead and a pair of true social posts. Trump
(00:44):
said the tariffs are responsible for the great USA economic
numbers and declared there is quote no inflation in great
national security, while urging support to pray for the US
Supreme Court. He also touted the Commerce Department's reported four
point three percent growth is a ratest proof that good
(01:07):
government and all caps tariffs are powering what he called
the Trump Economic golden Age. The government's initial estimates show
US growth and the gross domestic product numbers are big.
The broadish measure of economic output, it rose at four
point three percent annual pace from July through September. That
(01:29):
is up, not down from the three point eight in
the second quarter, as well as the roughly three percent
forecast track by fact Set. Now, the report credit stronger
consumer spending. In fact, we had record Black Friday sales
and Monday Cyber Monday sales, higher exports by the way,
and increased government outlays for the jump. Trump sees on
(01:52):
those details, arguing that tariffs are boosting the domestic production
and rebalancing trade. In his second post, Trump claimed that
consumer spending is strong and its way up, Imports and
trade deficits are way down, adding that investment is setting
records because of his tax package, which he labeled the Great, Big,
(02:14):
Beautiful Bill, and his tariff policy, which Democrats said would
be a disaster that.
Speaker 2 (02:20):
Is actually not. What has happened.
Speaker 1 (02:22):
What we've seen is incredible number of dollars that have
been collected by our federal government, which will then help
with our out of control government spending, our deficits. Now,
consumer spending and this is important, grew it at a
three point five percent annual rate in the third quarter.
That is up an entire percentage point from the two
(02:43):
point five in the prior period. Exports also surge, and
government spending also increased.
Speaker 2 (02:50):
Baron similarly noted.
Speaker 1 (02:52):
That expert exports excuse me, jumped sharply and that business
investment improved compared with the prior quarter, even as an
analyst warned trade flows can be temporarily distorted by shifting
tariff expectations. That's how they described it. Now, here's what
really matters. Inflation. Inflation remains a key political and economic
(03:16):
pressure point. The federal reserves preferred inflation gauge all right,
what they prefer the personal consumption expenditures know his PCE.
The price index rose at a two point eight percent
annual pace last quarter, with core PCE at two point nine,
both above the Fed's two percent target, but down from
(03:37):
where they were with Biden. That dynamic could complicate the
Central Bank's next steps on interest rates is what some
economists are warning now. The GDP report was also released
later than originally scheduled because of a recent government shutdown,
which created a backlog of federal economic data. The shutdowns
expected to weigh on the fourth quarter activity, with simate
(04:00):
suggested it could shave one to two percentage points off
growth in the current quarter that we're in right now.
Because the government was shut down. We know that is
temporary and obviously will come back now. Donald Trump and
many of his advocates his allies argued, the headline growth
number validates an America first approach, the US using these
(04:23):
tariffs to pressure adversaries, protect US industry, and drive investment
back home. So all of this is way better than
what we were quote expecting. Fox Business Channel describing it
this way on what we've just witnessed.
Speaker 3 (04:38):
First story today is, of course, the economic growth story,
which even a lot of supply siders really didn't see coming.
We were expecting a third quarter to come in at
a strong three point three percent. Instead, it came in
a full percentage point higher, a super strong four point
three percent. And with recent inflation numbers coming in gener
(05:00):
really lower than expected, it looks like President Trump's economic
policies are turning Biden's stagflation on its head.
Speaker 1 (05:08):
Turning Biden's stagflation on its head. We're experiencing a third
quarter that came in very strong. That is what the
numbers show. What's also interesting about this is a few
moments later you had the White House send out Kevin
Hassett to talk about these numbers. Listen to what he
(05:32):
said again on Fox Business for.
Speaker 3 (05:34):
More details, Let's bring in NEC director Kevin Hassett. A
good day in the White House. I imagine, Kevin, you
got strong growth, lower inflation. Looks like a perfect scenario.
Speaker 4 (05:47):
Yeah. And one of the things that I would like
to add is the Larry Kudlow and I on the
show for the last two months, I've been telling you
you're going to get a four percent number. You did it,
and so it's really interesting to see the headlines from
the fake news everywhere you look. It's like, oh, it's
a completely surprising north of four percent number. But the
(06:09):
point is the President Trump's policies are working, and they're
very visibly working now because we've seen we've seen the data.
And you know, President Trump, when we were talking about
the numbers, he said something like, well, why don't we
get twenty percent? Did you see that? He truth to
that today.
Speaker 2 (06:25):
I did.
Speaker 3 (06:25):
That's a little little ambitious.
Speaker 4 (06:27):
I don't know about twenty percent. But the point is
that we're in the very unprecedented time that the macro
thing is that it's just like when we invented the
computer and then or was it Al Gore that did that.
Oh he was the Internet. And then all of a
sudden in the nineties we had incredible growth year after
year after here with no inflation, and so I think,
I think we could do it.
Speaker 3 (06:47):
I think we have those numbers. Do you have the numbers?
Speaker 2 (06:50):
Producers? Can you put that up?
Speaker 3 (06:51):
Because the tax the Reagan tax cuts, for a lot
of reasons, mostly political, didn't kick in until January one,
nineteen eighty three.
Speaker 2 (06:59):
The next six years you were growing.
Speaker 3 (07:02):
The first year you grew at about four and a
half percent, The second year the United States grew at
over seven percent, and I think the average after of
six years was about four and a half percent. Do
you think that's going going to be that case for
the rest of the Trump administration there right now?
Speaker 4 (07:19):
Yeah, that's right, you know. So what happened with the
Reagan numbers is an example, but there was a second example.
So Reagan did it with tax policy, and then it
happened in the late nineties, really because computers made everybody
more productive. The thing about what President Trump intuits, which
is true, is that we've got both of those. So
we've got artificial intelligence increasing productivity, and we've got amazing
(07:43):
tax policy as well, and so there's a chance that
we get to numbers north of even what you've seen
without inflation. And that's the other thing that the President
mentioned in his Truth today, which I really want to
reemphasize because he understands this, is that if you see
growth because the government is setting checks to everybody and
the FED is printing money, then that's going to cause inflation.
(08:05):
The Fed's going to have to raise race. But if
you feel growth because of supply side effects, then you
can get the growth without the inflation. And that's something
that we're seeing right now.
Speaker 2 (08:13):
As you know.
Speaker 4 (08:14):
CPI came in with a core of one point six
percent just last week, and so we're getting growth without inflation,
which is really proving both Reagan and Trump correct.
Speaker 1 (08:24):
So you listen to Kevin and I play that for you,
because not only is this what the White House said
was going to happen, but it it's even better than
what they were expecting. Why, because they're empowering Americans to
succeed without government subsidies. You saw inflation got a control
(08:44):
under the Biden regime because they were constantly wanting to
send you money, so you'd be totally dependent on them
and it's buying votes, right, and then we saw inflation
out of control. Because if you're printing money and you're
giving out money and it's not actually being earned and
it's not actually the economy that's doing it, then it's artificial.
It's not real, right, it's like completely artificial. That is
(09:08):
a big problem. So you look at this now, and
I will say it again because I think it's so
important that people understand this. What the president has stopped,
and then what the president is doing right now is amazing.
(09:30):
He has stopped biden inflation that got out of control
and is now turning around in eleven months. We should
all be celebrating this. This is the best case scenario.
And when the media is like, oh, it's gonna be
a disaster, Oh it's gonna be bad. Oh it's gonna
be terrible, and the economy is everything, I agree. The
(09:52):
economy is everything. I couldn't agree with you more. The
economy is everything. And what the president's doing is do
doing exactly that. The economy is fighting because of the
policies that this president is put forward. It's empowering Americans
to make more of their own money, keep more of
their own money, and allowing small businesses to grow. How
(10:13):
could we not love that, on top of the tariffs,
on top of bringing jobs and investment back to the
United States of America on the world stage. This is
why things right now are moving the right direction, even
while everyone in the media is trying to convince you
that things are bad. The numbers don't lie. New economic
numbers are out and it shows that Donald Trump's plan
(10:35):
is absolutely working. That is driving the left totally insane.
President Trump's tariffs are responsible for what he describes as
the strong economic numbers. Kevin Hassett saying President Trump's pro
growth policies are working, and they're visibly working now because
(10:56):
we've seen the data.
Speaker 2 (10:58):
Now.
Speaker 1 (10:59):
This also is moving forward with what's about to come
down the pipe in twenty twenty six, which is no
tax on tips, no tax on overtime, will both become reality.
They've been passed, but they are enacted in twenty twenty six,
and no tax for the majority on Social Security. That
is massive. You put that together, and I got to
(11:22):
tell you this is what you I would refer to
as supercharging the economy, especially compared to where we were
a lot of people don't get credit for implementing their
policies when they do it. And if you look at
the difference between where we are now and where we
(11:42):
were when Joe Biden was in office, it is amazing.
Where we're headed, though, is going to be even more
than that. It's going to be more important than that.
You know, you look at what Democrats are fighting over
right now in Minnesota. Fraud's get is a great example
of that. You've got a group of fraudsters in the
(12:04):
Smiley community that the Democrats won't hold accountable. It is
truly remarkable that Tim Waltz is even thinking about running
for reelection, knowing just how bad the fraud was. Tim
Waltz is out there trying to divide the country and
certainly in his state even more by screaming racism on everything.
He's now instead of answering the fraud questions of our
(12:26):
tax dollars just being used to go to terrorist organizations.
Not a joke by the millions. What is he out
there doing?
Speaker 2 (12:35):
Oh?
Speaker 1 (12:35):
He's like, all right, well, I'll figure out a way
to distract from this. He's now railing against ice raids
in Minnesota by accusing the Trump administration of now what
he describes as quote white supremacy. Did you hear me
white supremacy? Tim Waltz in his own words.
Speaker 5 (12:52):
So, this is what happens when your own federal government
wages war against you. This is what happens when they
target communities for their own benefit. This is what happens
when they scapegoat. And this is what say happens when
they no longer hide the idea of white supremacy. When
you hear the Vice President of the United States talk
about now white people won't have to apologize for being white.
(13:12):
That's never happened once in my whole damn life. And
I think everybody in this room knows what they're doing.
So we're here today to say enough of this. We're
here today to stand that Minnesota will protect their neighbors.
Speaker 2 (13:25):
White supremacy.
Speaker 1 (13:26):
This is what happens when they no longer hide the
idea of white supremacy. So finding illegal immigrants who are
committing crimes, holding people accountable for to Freuden the government,
he now is describing it as white supremacy. I do
believe the midterms are going to be about the economy.
I also believe that the midterms are going to be
(13:47):
about do you trust the president of the United States
of America and to do exactly what he's doing. And look,
there is massive corruption and our government spinning is a
real problem. I'll give you a great example of that.
You may not realize that we borrow over two hundred
and seventy two million every hour.
Speaker 2 (14:07):
Did you know that. I'm gonna say that again.
Speaker 1 (14:10):
We as a nation borrow over two hundred and seventy
two million every hour, We borrow four point five to
four million every minute, and we borrow over seventy five
thousand dollars every second.
Speaker 2 (14:20):
That is insane.
Speaker 1 (14:23):
Senator Ram Paul came out with his Festivust report, pointed
to trillions in government spending, including millions for COVID vaccine
promotion and federally funded animal experiments. He flagged one point
six trillion in ways from COVID influencer campaigns to bizarre
animal drug experiments in the new report. And people should
(14:47):
be angry about this. You should be mad that we
borrow two hundred and seventy two million every hour, four
point five to four million every minute, and we borrow
over seventy five thousand dollars every second.
Speaker 2 (15:01):
That should make you live it.
Speaker 1 (15:06):
There is a problem we live in add society, right,
it's instant gratification society.
Speaker 2 (15:11):
I also think, though some of this isn't even that.
Speaker 1 (15:14):
I think what it really is, honestly about, is the
insanity from the left and the media. I don't care
how good things are, they're gonna tell you it sucks.
They're going to tell you that Donald Trump is failing.
They're gonna tell you Donald Trump's a disaster that they're
going to tell you that it's the worst thing.
Speaker 2 (15:33):
In the world.
Speaker 1 (15:38):
That is the part here that really frustrates me is
that no one will just be honest about it and
just be like, yeah, it's really good, Like this is
impressive what the president pulled off. Just go back to
the tariffs as a single issue, all right, forget everything else, just.
Speaker 2 (15:59):
The tariffs. If you look at the tariffs.
Speaker 1 (16:02):
The entire media apparatus and the Democratic Party said over
and over again that we were going to have empty
shelves for Christmas that didn't happen, That you weren't going
to be able to afford basic necessities that didn't happen,
and that there was going to be a shortage of
basic things that we desperately needed. That also did not happen.
(16:24):
They also said that the prices were going to skyrocket
to the point where you couldn't afford basic things that
also did not happen. And they said that it could
start World War three that also did not happen. So
I mean, at what point do people wake up and
(16:45):
just realize anything the present's doing, they're going to tell
you it's going to be bad, and then when it
pans out that hey, guess what, it worked, that you
should then trash those people and never trust them again.
Speaker 2 (16:57):
Like, these are the same type of deal.
Speaker 1 (16:59):
That told you if you took the COVID shot that
you stopped the spread in two weeks and that everything
would be fine and we go back to normal, and
then they shut us down for years.
Speaker 2 (17:08):
So remember who these people are.
Speaker 1 (17:11):
These are also the same dealle that told you you're
gonna die in the nineties in the eighties from global cooling.
Then they switched it to global warming and said we'd
all be dead right now. Al Gore, if you don't
believe me, go look at his predictions. None of them
become true. So I am at a point where I
just want someone to say, hey, I'm we owe the
(17:31):
American people in apology.
Speaker 2 (17:33):
We're really sorry.
Speaker 1 (17:33):
We just we straight up screwed that up, like we're
liars and we screwed it up.
Speaker 2 (17:41):
Are bad.
Speaker 1 (17:42):
I don't think we're going to see that, but it
would be nice, wouldn't it. They're not gonna apologize. Well,
if you read that story, you probably think the economy
is bad because they told you the economy is bad
and the economic numbers coming out were going to be bad,
when in reality they weren't bad at all.
Speaker 2 (17:57):
They were great.
Speaker 1 (17:58):
But you think they're going to run the same levels
story on the front page talking about while we were
wrong and the president was right and the tariffs are
actually working and money is pumping back into this country
and manufacturing's working. They're never gonna do it. They will
never do it because they hate Donald Trump more than
anything else. This goes back to Trump derangement syndrome. One
oh one, Operation Overlord, the D Day Beaches. You and
(18:21):
I share a passion for history, so I hope you'll
join me next spring on the D Day Beaches in Normandy.
That's right, the invasion that sealed Hitler's doom. Oh maha,
and Utah, you're gonna discover the sacred patch of sand
with me ten days in Europe, luxury hotels and fully
escorted by America's leading expert on France and the D
(18:42):
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(19:05):
the BBB all your sight seeing in Paris. To dial
Pound two fifty say the keyword Conservative Tours. You'll have
the option to receive a one time auto dialed text
message from my Heartmedia. This is what we're witnessing in Pennsylvania.
The GOP is netted twelve thousand voter registration surge in
(19:26):
Pennsylvania in one week. As Democrat lead shrinks over time,
a rapid shift in Pennsylvania's voter registration landscape is added
to the Republican Party's long term momentum state.
Speaker 2 (19:39):
It's the swing state.
Speaker 1 (19:40):
A recent data shows a notable weekly game that continues
to chip away at the Democrat it's edge it's been
built over decades in a key battleground state.
Speaker 2 (19:51):
According to the.
Speaker 1 (19:51):
Newly released report, today, Republicans achieved a net game of
twelve thousand, four hundred and eighty eight voter registrations over
the Democrats in a single week. This gain reflects a
continuation of broader momentum for the GOP in Pennsylvania, where
the Democratic advantage has been steadily shrinking over the past
ten years. As of now, Democrats do hold a registration
(20:14):
lead of only forty nine thousand, five hundred and fifty
eight voters. Let me give you that in comparison to
twenty sixteen, when Trump ran for president the first time,
Democrats had a lead when it came to registered voters
of almost a million more in Pennsylvania nine hundred and
(20:36):
sixteen thousand change in twenty sixteen. That number has now
dropped to forty nine thousand. Now you compare that with
the same period last year, Republicans have netted eighty two,
three hundred and twenty three new registrations over the Democrats.
The surge al show helped with the recent efforts by
Democrats to reactivate dormant voters and left landing strongholds it built.
(21:00):
It builds on a longer trend of GOP gains that
have significantly altered the voter registration landscape in Pennsylvania as well. Now,
long term erosion of the Democratic voter registration advantage in
Pennsylvania is easily easy to document. In August, for example,
Democrats lead a drop to just fifty nine thousand, one
(21:21):
hundred and fifty three voters out of the more than
eight point three million registered in the state. That represents
one of the nearest gaps in recent history. The data
all show shows that sends a twenty twenty four election cycle,
Democrats and pay attention to this have lost four hundred
and forty nine thousand registered voters, nearly twice the two
(21:46):
hundred and twenty two thousand loss by Republicans. That results
in a net gain of over two hundred and twenty
seven thousand voters for the GOP. Now, this shift has
occurred in tandem with economic development on President Donald Trump's
second term, Trump, who carried Pennsylvania in twenty twenty four
by with fifty point four percent of the vote over
(22:07):
Democrat Kamala Harris, has sent highlight of economic gains in
the state in December speech you may have send it.
The other day at Mount Pocono, the President side of
the creation of more than sixty thousand jobs, including four
thousand in manufacturing, and nearly one hundred billion in new
(22:28):
investments in the state. If you don't think Make America
Great Again is working, you're not paying attention. During the holidays,
we all are about at least I am, and I
think probably the majority of you spending time with your family,
right your kids, your grandkids, your loved ones.
Speaker 2 (22:47):
Your family members.
Speaker 1 (22:48):
You may not realize, but they are an awful lot,
unfortunately of people out there that.
Speaker 2 (22:58):
They don't have their kids.
Speaker 1 (23:00):
They are kids that are lost, They are kids that
have been abducted. There are kids that have been forcing
into sex, trafficking and slavery. There are a lot of
parents out there that have kids that have been kidnapped,
that are exploited. Thank goodness, this administration is fighting hard
(23:22):
to bring those kids back home to get them out
of these horrible conditions. A lot of this was because
of miners that we released to people that we did
not vet in this country with our wide open southern borders.
That's part of the problem and what many people should
be very angry about now. I say that to play
(23:48):
for you some of the successes that we're having that
aren't getting the coverage. This is coming out of Fox
ten local news coverage talking about missing children that were
found across Florida and what they referred to is Operation
Northern Lights. This was not happening under the last regime,
(24:09):
but this president has made it clear we will hunt
you down and find you and we're going to find
the children. Well, they found forty three missing children in
Florida so far in Operation Northern Lights. And here's how
the local media covering it, the national media not touching it.
And you got to ask yourself the question why.
Speaker 6 (24:29):
This video, taken by the Leon County Sheriff's Office in Florida,
shows federal agents and law enforcement officers working behind the
scenes to rescue dozens of critically missing children.
Speaker 7 (24:42):
This was the largest missing child operation ever conducted in
northern Florida, and we're very proud to say that forty
three children will now be home safe for the holidays.
Speaker 6 (24:52):
According to the US Marshals, through Operation Northern Light, children
ranging from one and a half to seventeen years old,
were reunited with their families. Of those include a one, fifteen,
and seventeen year old missing out of Okaloosa County. The
one and seventeen year old were rescued by US Marshals
(25:14):
outside Jackson, Mississippi. The agency says one person was arrested
for interfering with child custody. The US Marshals say the
fifteen year old and the child's abductor were found in Okalla.
The adult was arrested and charged with interference with child custody.
Greg Legedall, acting US Marshall for the Northern District of Florida,
(25:37):
say the children that were saved were critically missing, meaning
they were at risk of violent crimes or other serious
harms like drugs, sexual exploitation, domestic violence, or crime exposure.
Speaker 7 (25:50):
During of course the operation, we ended up recovering children
from multiple states, including Tennessee, Mississippi, and Louisiana. We had
a lot of these cases that could potentially lead to
charges of human trafficking, of interference with child custody, and
just a lot of really really bad situations that these
(26:10):
children had found themselves in.
Speaker 6 (26:13):
Lil Jadal says this wouldn't have been possible without the
help of state law enforcement and local agencies, including Pensacola PD.
Lol Jadal says, the biggest takeaway from this operation is
to always know what your child is doing, who they
are associating with, and be involved in their lives.
Speaker 1 (26:34):
By the way, where was this help in the last administration?
You think about this forty three missing children that are
now going to be reunited with their families for the holidays,
who are, as they described it, critically missing, meaning they
were at risk of violent crimes, serious harm like drug
sexual exploitation, domestic violence, or crime exposure. Why is it
(26:57):
the last administration completely look the other way. They didn't care.
They wanted to fundamentally change this country. They wanted to
bring in as many illegal immigrants as humanly possible. And
the reason why they wanted to bring them in is
(27:18):
simple because then they would gain power and hopefully they're
votes one day, they would gain the votes to their
friends that can vote. That's also really really important that
you understand that. And this goes back to I think
the President of the United States of America saying, we're
(27:40):
going to find these kids. We're not going to look
the other way. We will find them, we will protect them.
Don't forget Share this podcast wherever you can with your
family and your friends, and I'll see you back here
tomorrow
It's the economy stupid. That is the line that matters
in every election. If you're not talking about the economy
and the economy is bad, you're gonna have problems. Democrats
believe that the majority of you listening right now are
blaming Donald Trump for what they're describing as a quote
about economy.
Speaker 2 (00:21):
I'm actually not joking.
Speaker 1 (00:23):
What is the data saying? It says the opposite of that.
President Donald Trump on Tuesday credited his tariffs with producing
better than expected economic numbers in the third quarter and
added that the quote Trump economic golden Age is full
steam ahead and a pair of true social posts. Trump
(00:44):
said the tariffs are responsible for the great USA economic
numbers and declared there is quote no inflation in great
national security, while urging support to pray for the US
Supreme Court. He also touted the Commerce Department's reported four
point three percent growth is a ratest proof that good
(01:07):
government and all caps tariffs are powering what he called
the Trump Economic golden Age. The government's initial estimates show
US growth and the gross domestic product numbers are big.
The broadish measure of economic output, it rose at four
point three percent annual pace from July through September. That
(01:29):
is up, not down from the three point eight in
the second quarter, as well as the roughly three percent
forecast track by fact Set. Now, the report credit stronger
consumer spending. In fact, we had record Black Friday sales
and Monday Cyber Monday sales, higher exports by the way,
and increased government outlays for the jump. Trump sees on
(01:52):
those details, arguing that tariffs are boosting the domestic production
and rebalancing trade. In his second post, Trump claimed that
consumer spending is strong and its way up, Imports and
trade deficits are way down, adding that investment is setting
records because of his tax package, which he labeled the Great, Big,
(02:14):
Beautiful Bill, and his tariff policy, which Democrats said would
be a disaster that.
Speaker 2 (02:20):
Is actually not. What has happened.
Speaker 1 (02:22):
What we've seen is incredible number of dollars that have
been collected by our federal government, which will then help
with our out of control government spending, our deficits. Now,
consumer spending and this is important, grew it at a
three point five percent annual rate in the third quarter.
That is up an entire percentage point from the two
(02:43):
point five in the prior period. Exports also surge, and
government spending also increased.
Speaker 2 (02:50):
Baron similarly noted.
Speaker 1 (02:52):
That expert exports excuse me, jumped sharply and that business
investment improved compared with the prior quarter, even as an
analyst warned trade flows can be temporarily distorted by shifting
tariff expectations. That's how they described it. Now, here's what
really matters. Inflation. Inflation remains a key political and economic
(03:16):
pressure point. The federal reserves preferred inflation gauge all right,
what they prefer the personal consumption expenditures know his PCE.
The price index rose at a two point eight percent
annual pace last quarter, with core PCE at two point nine,
both above the Fed's two percent target, but down from
(03:37):
where they were with Biden. That dynamic could complicate the
Central Bank's next steps on interest rates is what some
economists are warning now. The GDP report was also released
later than originally scheduled because of a recent government shutdown,
which created a backlog of federal economic data. The shutdowns
expected to weigh on the fourth quarter activity, with simate
(04:00):
suggested it could shave one to two percentage points off
growth in the current quarter that we're in right now.
Because the government was shut down. We know that is
temporary and obviously will come back now. Donald Trump and
many of his advocates his allies argued, the headline growth
number validates an America first approach, the US using these
(04:23):
tariffs to pressure adversaries, protect US industry, and drive investment
back home. So all of this is way better than
what we were quote expecting. Fox Business Channel describing it
this way on what we've just witnessed.
Speaker 3 (04:38):
First story today is, of course, the economic growth story,
which even a lot of supply siders really didn't see coming.
We were expecting a third quarter to come in at
a strong three point three percent. Instead, it came in
a full percentage point higher, a super strong four point
three percent. And with recent inflation numbers coming in gener
(05:00):
really lower than expected, it looks like President Trump's economic
policies are turning Biden's stagflation on its head.
Speaker 1 (05:08):
Turning Biden's stagflation on its head. We're experiencing a third
quarter that came in very strong. That is what the
numbers show. What's also interesting about this is a few
moments later you had the White House send out Kevin
Hassett to talk about these numbers. Listen to what he
(05:32):
said again on Fox Business for.
Speaker 3 (05:34):
More details, Let's bring in NEC director Kevin Hassett. A
good day in the White House. I imagine, Kevin, you
got strong growth, lower inflation. Looks like a perfect scenario.
Speaker 4 (05:47):
Yeah. And one of the things that I would like
to add is the Larry Kudlow and I on the
show for the last two months, I've been telling you
you're going to get a four percent number. You did it,
and so it's really interesting to see the headlines from
the fake news everywhere you look. It's like, oh, it's
a completely surprising north of four percent number. But the
(06:09):
point is the President Trump's policies are working, and they're
very visibly working now because we've seen we've seen the data.
And you know, President Trump, when we were talking about
the numbers, he said something like, well, why don't we
get twenty percent? Did you see that? He truth to
that today.
Speaker 2 (06:25):
I did.
Speaker 3 (06:25):
That's a little little ambitious.
Speaker 4 (06:27):
I don't know about twenty percent. But the point is
that we're in the very unprecedented time that the macro
thing is that it's just like when we invented the
computer and then or was it Al Gore that did that.
Oh he was the Internet. And then all of a
sudden in the nineties we had incredible growth year after
year after here with no inflation, and so I think,
I think we could do it.
Speaker 3 (06:47):
I think we have those numbers. Do you have the numbers?
Speaker 2 (06:50):
Producers? Can you put that up?
Speaker 3 (06:51):
Because the tax the Reagan tax cuts, for a lot
of reasons, mostly political, didn't kick in until January one,
nineteen eighty three.
Speaker 2 (06:59):
The next six years you were growing.
Speaker 3 (07:02):
The first year you grew at about four and a
half percent, The second year the United States grew at
over seven percent, and I think the average after of
six years was about four and a half percent. Do
you think that's going going to be that case for
the rest of the Trump administration there right now?
Speaker 4 (07:19):
Yeah, that's right, you know. So what happened with the
Reagan numbers is an example, but there was a second example.
So Reagan did it with tax policy, and then it
happened in the late nineties, really because computers made everybody
more productive. The thing about what President Trump intuits, which
is true, is that we've got both of those. So
we've got artificial intelligence increasing productivity, and we've got amazing
(07:43):
tax policy as well, and so there's a chance that
we get to numbers north of even what you've seen
without inflation. And that's the other thing that the President
mentioned in his Truth today, which I really want to
reemphasize because he understands this, is that if you see
growth because the government is setting checks to everybody and
the FED is printing money, then that's going to cause inflation.
(08:05):
The Fed's going to have to raise race. But if
you feel growth because of supply side effects, then you
can get the growth without the inflation. And that's something
that we're seeing right now.
Speaker 2 (08:13):
As you know.
Speaker 4 (08:14):
CPI came in with a core of one point six
percent just last week, and so we're getting growth without inflation,
which is really proving both Reagan and Trump correct.
Speaker 1 (08:24):
So you listen to Kevin and I play that for you,
because not only is this what the White House said
was going to happen, but it it's even better than
what they were expecting. Why, because they're empowering Americans to
succeed without government subsidies. You saw inflation got a control
(08:44):
under the Biden regime because they were constantly wanting to
send you money, so you'd be totally dependent on them
and it's buying votes, right, and then we saw inflation
out of control. Because if you're printing money and you're
giving out money and it's not actually being earned and
it's not actually the economy that's doing it, then it's artificial.
It's not real, right, it's like completely artificial. That is
(09:08):
a big problem. So you look at this now, and
I will say it again because I think it's so
important that people understand this. What the president has stopped,
and then what the president is doing right now is amazing.
(09:30):
He has stopped biden inflation that got out of control
and is now turning around in eleven months. We should
all be celebrating this. This is the best case scenario.
And when the media is like, oh, it's gonna be
a disaster, Oh it's gonna be bad. Oh it's gonna
be terrible, and the economy is everything, I agree. The
(09:52):
economy is everything. I couldn't agree with you more. The
economy is everything. And what the president's doing is do
doing exactly that. The economy is fighting because of the
policies that this president is put forward. It's empowering Americans
to make more of their own money, keep more of
their own money, and allowing small businesses to grow. How
(10:13):
could we not love that, on top of the tariffs,
on top of bringing jobs and investment back to the
United States of America on the world stage. This is
why things right now are moving the right direction, even
while everyone in the media is trying to convince you
that things are bad. The numbers don't lie. New economic
numbers are out and it shows that Donald Trump's plan
(10:35):
is absolutely working. That is driving the left totally insane.
President Trump's tariffs are responsible for what he describes as
the strong economic numbers. Kevin Hassett saying President Trump's pro
growth policies are working, and they're visibly working now because
(10:56):
we've seen the data.
Speaker 2 (10:58):
Now.
Speaker 1 (10:59):
This also is moving forward with what's about to come
down the pipe in twenty twenty six, which is no
tax on tips, no tax on overtime, will both become reality.
They've been passed, but they are enacted in twenty twenty six,
and no tax for the majority on Social Security. That
is massive. You put that together, and I got to
(11:22):
tell you this is what you I would refer to
as supercharging the economy, especially compared to where we were
a lot of people don't get credit for implementing their
policies when they do it. And if you look at
the difference between where we are now and where we
(11:42):
were when Joe Biden was in office, it is amazing.
Where we're headed, though, is going to be even more
than that. It's going to be more important than that.
You know, you look at what Democrats are fighting over
right now in Minnesota. Fraud's get is a great example
of that. You've got a group of fraudsters in the
(12:04):
Smiley community that the Democrats won't hold accountable. It is
truly remarkable that Tim Waltz is even thinking about running
for reelection, knowing just how bad the fraud was. Tim
Waltz is out there trying to divide the country and
certainly in his state even more by screaming racism on everything.
He's now instead of answering the fraud questions of our
(12:26):
tax dollars just being used to go to terrorist organizations.
Not a joke by the millions. What is he out
there doing?
Speaker 2 (12:35):
Oh?
Speaker 1 (12:35):
He's like, all right, well, I'll figure out a way
to distract from this. He's now railing against ice raids
in Minnesota by accusing the Trump administration of now what
he describes as quote white supremacy. Did you hear me
white supremacy? Tim Waltz in his own words.
Speaker 5 (12:52):
So, this is what happens when your own federal government
wages war against you. This is what happens when they
target communities for their own benefit. This is what happens
when they scapegoat. And this is what say happens when
they no longer hide the idea of white supremacy. When
you hear the Vice President of the United States talk
about now white people won't have to apologize for being white.
(13:12):
That's never happened once in my whole damn life. And
I think everybody in this room knows what they're doing.
So we're here today to say enough of this. We're
here today to stand that Minnesota will protect their neighbors.
Speaker 2 (13:25):
White supremacy.
Speaker 1 (13:26):
This is what happens when they no longer hide the
idea of white supremacy. So finding illegal immigrants who are
committing crimes, holding people accountable for to Freuden the government,
he now is describing it as white supremacy. I do
believe the midterms are going to be about the economy.
I also believe that the midterms are going to be
(13:47):
about do you trust the president of the United States
of America and to do exactly what he's doing. And look,
there is massive corruption and our government spinning is a
real problem. I'll give you a great example of that.
You may not realize that we borrow over two hundred
and seventy two million every hour.
Speaker 2 (14:07):
Did you know that. I'm gonna say that again.
Speaker 1 (14:10):
We as a nation borrow over two hundred and seventy
two million every hour, We borrow four point five to
four million every minute, and we borrow over seventy five
thousand dollars every second.
Speaker 2 (14:20):
That is insane.
Speaker 1 (14:23):
Senator Ram Paul came out with his Festivust report, pointed
to trillions in government spending, including millions for COVID vaccine
promotion and federally funded animal experiments. He flagged one point
six trillion in ways from COVID influencer campaigns to bizarre
animal drug experiments in the new report. And people should
(14:47):
be angry about this. You should be mad that we
borrow two hundred and seventy two million every hour, four
point five to four million every minute, and we borrow
over seventy five thousand dollars every second.
Speaker 2 (15:01):
That should make you live it.
Speaker 1 (15:06):
There is a problem we live in add society, right,
it's instant gratification society.
Speaker 2 (15:11):
I also think, though some of this isn't even that.
Speaker 1 (15:14):
I think what it really is, honestly about, is the
insanity from the left and the media. I don't care
how good things are, they're gonna tell you it sucks.
They're going to tell you that Donald Trump is failing.
They're gonna tell you Donald Trump's a disaster that they're
going to tell you that it's the worst thing.
Speaker 2 (15:33):
In the world.
Speaker 1 (15:38):
That is the part here that really frustrates me is
that no one will just be honest about it and
just be like, yeah, it's really good, Like this is
impressive what the president pulled off. Just go back to
the tariffs as a single issue, all right, forget everything else, just.
Speaker 2 (15:59):
The tariffs. If you look at the tariffs.
Speaker 1 (16:02):
The entire media apparatus and the Democratic Party said over
and over again that we were going to have empty
shelves for Christmas that didn't happen, That you weren't going
to be able to afford basic necessities that didn't happen,
and that there was going to be a shortage of
basic things that we desperately needed. That also did not happen.
(16:24):
They also said that the prices were going to skyrocket
to the point where you couldn't afford basic things that
also did not happen. And they said that it could
start World War three that also did not happen. So
I mean, at what point do people wake up and
(16:45):
just realize anything the present's doing, they're going to tell
you it's going to be bad, and then when it
pans out that hey, guess what, it worked, that you
should then trash those people and never trust them again.
Speaker 2 (16:57):
Like, these are the same type of deal.
Speaker 1 (16:59):
That told you if you took the COVID shot that
you stopped the spread in two weeks and that everything
would be fine and we go back to normal, and
then they shut us down for years.
Speaker 2 (17:08):
So remember who these people are.
Speaker 1 (17:11):
These are also the same dealle that told you you're
gonna die in the nineties in the eighties from global cooling.
Then they switched it to global warming and said we'd
all be dead right now. Al Gore, if you don't
believe me, go look at his predictions. None of them
become true. So I am at a point where I
just want someone to say, hey, I'm we owe the
(17:31):
American people in apology.
Speaker 2 (17:33):
We're really sorry.
Speaker 1 (17:33):
We just we straight up screwed that up, like we're
liars and we screwed it up.
Speaker 2 (17:41):
Are bad.
Speaker 1 (17:42):
I don't think we're going to see that, but it
would be nice, wouldn't it. They're not gonna apologize. Well,
if you read that story, you probably think the economy
is bad because they told you the economy is bad
and the economic numbers coming out were going to be bad,
when in reality they weren't bad at all.
Speaker 2 (17:57):
They were great.
Speaker 1 (17:58):
But you think they're going to run the same levels
story on the front page talking about while we were
wrong and the president was right and the tariffs are
actually working and money is pumping back into this country
and manufacturing's working. They're never gonna do it. They will
never do it because they hate Donald Trump more than
anything else. This goes back to Trump derangement syndrome. One
oh one, Operation Overlord, the D Day Beaches. You and
(18:21):
I share a passion for history, so I hope you'll
join me next spring on the D Day Beaches in Normandy.
That's right, the invasion that sealed Hitler's doom. Oh maha,
and Utah, you're gonna discover the sacred patch of sand
with me ten days in Europe, luxury hotels and fully
escorted by America's leading expert on France and the D
(18:42):
Day Invasion. Can chase fifty seven fifty seven and that
includes your airfare. You're going to stand at General Patton's
gravesite by Stone Plint, Duhall and Mulberry Harbor. Call my
friends at Conservative Tours on your cell phone. Just dial
Pound two fifty and say the keyword Conservative Tours, or
go to Conservativetours dot Com an A plus rating with
(19:05):
the BBB all your sight seeing in Paris. To dial
Pound two fifty say the keyword Conservative Tours. You'll have
the option to receive a one time auto dialed text
message from my Heartmedia. This is what we're witnessing in Pennsylvania.
The GOP is netted twelve thousand voter registration surge in
(19:26):
Pennsylvania in one week. As Democrat lead shrinks over time,
a rapid shift in Pennsylvania's voter registration landscape is added
to the Republican Party's long term momentum state.
Speaker 2 (19:39):
It's the swing state.
Speaker 1 (19:40):
A recent data shows a notable weekly game that continues
to chip away at the Democrat it's edge it's been
built over decades in a key battleground state.
Speaker 2 (19:51):
According to the.
Speaker 1 (19:51):
Newly released report, today, Republicans achieved a net game of
twelve thousand, four hundred and eighty eight voter registrations over
the Democrats in a single week. This gain reflects a
continuation of broader momentum for the GOP in Pennsylvania, where
the Democratic advantage has been steadily shrinking over the past
ten years. As of now, Democrats do hold a registration
(20:14):
lead of only forty nine thousand, five hundred and fifty
eight voters. Let me give you that in comparison to
twenty sixteen, when Trump ran for president the first time,
Democrats had a lead when it came to registered voters
of almost a million more in Pennsylvania nine hundred and
(20:36):
sixteen thousand change in twenty sixteen. That number has now
dropped to forty nine thousand. Now you compare that with
the same period last year, Republicans have netted eighty two,
three hundred and twenty three new registrations over the Democrats.
The surge al show helped with the recent efforts by
Democrats to reactivate dormant voters and left landing strongholds it built.
(21:00):
It builds on a longer trend of GOP gains that
have significantly altered the voter registration landscape in Pennsylvania as well. Now,
long term erosion of the Democratic voter registration advantage in
Pennsylvania is easily easy to document. In August, for example,
Democrats lead a drop to just fifty nine thousand, one
(21:21):
hundred and fifty three voters out of the more than
eight point three million registered in the state. That represents
one of the nearest gaps in recent history. The data
all show shows that sends a twenty twenty four election cycle,
Democrats and pay attention to this have lost four hundred
and forty nine thousand registered voters, nearly twice the two
(21:46):
hundred and twenty two thousand loss by Republicans. That results
in a net gain of over two hundred and twenty
seven thousand voters for the GOP. Now, this shift has
occurred in tandem with economic development on President Donald Trump's
second term, Trump, who carried Pennsylvania in twenty twenty four
by with fifty point four percent of the vote over
(22:07):
Democrat Kamala Harris, has sent highlight of economic gains in
the state in December speech you may have send it.
The other day at Mount Pocono, the President side of
the creation of more than sixty thousand jobs, including four
thousand in manufacturing, and nearly one hundred billion in new
(22:28):
investments in the state. If you don't think Make America
Great Again is working, you're not paying attention. During the holidays,
we all are about at least I am, and I
think probably the majority of you spending time with your family,
right your kids, your grandkids, your loved ones.
Speaker 2 (22:47):
Your family members.
Speaker 1 (22:48):
You may not realize, but they are an awful lot,
unfortunately of people out there that.
Speaker 2 (22:58):
They don't have their kids.
Speaker 1 (23:00):
They are kids that are lost, They are kids that
have been abducted. There are kids that have been forcing
into sex, trafficking and slavery. There are a lot of
parents out there that have kids that have been kidnapped,
that are exploited. Thank goodness, this administration is fighting hard
(23:22):
to bring those kids back home to get them out
of these horrible conditions. A lot of this was because
of miners that we released to people that we did
not vet in this country with our wide open southern borders.
That's part of the problem and what many people should
be very angry about now. I say that to play
(23:48):
for you some of the successes that we're having that
aren't getting the coverage. This is coming out of Fox
ten local news coverage talking about missing children that were
found across Florida and what they referred to is Operation
Northern Lights. This was not happening under the last regime,
(24:09):
but this president has made it clear we will hunt
you down and find you and we're going to find
the children. Well, they found forty three missing children in
Florida so far in Operation Northern Lights. And here's how
the local media covering it, the national media not touching it.
And you got to ask yourself the question why.
Speaker 6 (24:29):
This video, taken by the Leon County Sheriff's Office in Florida,
shows federal agents and law enforcement officers working behind the
scenes to rescue dozens of critically missing children.
Speaker 7 (24:42):
This was the largest missing child operation ever conducted in
northern Florida, and we're very proud to say that forty
three children will now be home safe for the holidays.
Speaker 6 (24:52):
According to the US Marshals, through Operation Northern Light, children
ranging from one and a half to seventeen years old,
were reunited with their families. Of those include a one, fifteen,
and seventeen year old missing out of Okaloosa County. The
one and seventeen year old were rescued by US Marshals
(25:14):
outside Jackson, Mississippi. The agency says one person was arrested
for interfering with child custody. The US Marshals say the
fifteen year old and the child's abductor were found in Okalla.
The adult was arrested and charged with interference with child custody.
Greg Legedall, acting US Marshall for the Northern District of Florida,
(25:37):
say the children that were saved were critically missing, meaning
they were at risk of violent crimes or other serious
harms like drugs, sexual exploitation, domestic violence, or crime exposure.
Speaker 7 (25:50):
During of course the operation, we ended up recovering children
from multiple states, including Tennessee, Mississippi, and Louisiana. We had
a lot of these cases that could potentially lead to
charges of human trafficking, of interference with child custody, and
just a lot of really really bad situations that these
(26:10):
children had found themselves in.
Speaker 6 (26:13):
Lil Jadal says this wouldn't have been possible without the
help of state law enforcement and local agencies, including Pensacola PD.
Lol Jadal says, the biggest takeaway from this operation is
to always know what your child is doing, who they
are associating with, and be involved in their lives.
Speaker 1 (26:34):
By the way, where was this help in the last administration?
You think about this forty three missing children that are
now going to be reunited with their families for the holidays,
who are, as they described it, critically missing, meaning they
were at risk of violent crimes, serious harm like drug
sexual exploitation, domestic violence, or crime exposure. Why is it
(26:57):
the last administration completely look the other way. They didn't care.
They wanted to fundamentally change this country. They wanted to
bring in as many illegal immigrants as humanly possible. And
the reason why they wanted to bring them in is
(27:18):
simple because then they would gain power and hopefully they're
votes one day, they would gain the votes to their
friends that can vote. That's also really really important that
you understand that. And this goes back to I think
the President of the United States of America saying, we're
(27:40):
going to find these kids. We're not going to look
the other way. We will find them, we will protect them.
Don't forget Share this podcast wherever you can with your
family and your friends, and I'll see you back here
tomorrow
Host
Ben Ferguson
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