December 18, 2025 • 36 mins
Hour 1 of The Clay Travis & Buck Sexton Show delivers a deep dive into the latest economic news and its political implications heading into 2026. Clay opens the hour solo, as Buck begins his holiday break, with breaking news that inflation has dropped to 2.7%—the lowest level since spring 2021. Core inflation sits at 2.6%, nearing the Federal Reserve’s 2% target. Clay explains why this matters for everyday Americans, connecting the dots between Biden-era spending, skyrocketing prices, and the aggressive interest rate hikes that froze the housing market. He recalls how inflation surged to 9.1% in June 2022 after trillions in stimulus spending, driving mortgage rates above 7% and locking millions of homeowners into historically low rates from 2020–2021. This “housing freeze,” Clay argues, remains one of the biggest drags on economic mobility.
Clay then pivots to President Trump’s primetime address, highlighting key announcements that could reshape the economic landscape. Trump declared the U.S. is “poised for an economic boom the likes of which the world has never seen,” citing secure borders, falling prices, and rising wages. Among the headline initiatives: Warrior Dividend: A $1,776 tax-free payment for 1.45 million active-duty service members, funded by tariffs and Trump’s “big beautiful bill.” Historic Tax Cuts: No tax on tips, overtime, or Social Security benefits for seniors, plus projections for the largest tax refund season in U.S. history next spring, with families saving $11,000–$20,000 annually.
Reverse Migration: For the first time in 50 years, illegal immigration is declining, easing pressure on housing and job markets. Clay underscores Trump’s claim that over 60% of rental cost growth under Biden was driven by foreign migrants. The hour also features listener calls and debate on immigration policy, housing affordability, and economic optimism. One caller argues Biden’s border policies were beneficial, while Clay challenges Democrats to define a realistic immigration cap. Another listener praises Trump-era optimism, noting that consumer confidence drives spending and economic growth.
Clay closes by framing the 2026 midterms as a referendum on economic perception: Will voters feel the benefits of Trump’s policies in time? He draws historical parallels to Ronald Reagan’s slow climb from Carter-era malaise to a 49-state landslide in 1984, predicting that by 2028, the U.S. economy will be “firing on all cylinders.”
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Welcome in Thursday edition Clay Travis buck Sexton Show. We
appreciate all of you hanging out with us. Buck has already,
like many of your kids and grandkids, have started his
Christmas vacation. He is off and about. I will be
with you today and tomorrow solo taking you into Christmas Week,
(00:22):
and there's a lot for us to dive into. A
couple of different stories that are out there that we
will be monitoring. We still have no idea who the
Brown University shooter was. They've released a few more videos.
I will continue to update you with that, but I'm
not optimistic that there is any imminent arrest that is
(00:43):
coming there, and as a result, we still don't know
a lot about whatever the decision might have been that
was made that motivated that attack. So that is out there.
The continued fallout of the awful Bondai beach shooting in
Australia continue, but we begin with some good news. Inflation
(01:05):
has just come in at the lowest level since the
spring of twenty twenty one, when cost of goods began
to skyrocket under Joe Biden as he poured trillions of
dollars into the economy in the early days of what
I think it's fair to call the worst administration in
(01:27):
any of our lives. Inflation comes in at two point
seven percent. Again, the inflation goal for the Fed is
two percent. We have been fighting our way back down
since I believe it was June of twenty two. Team
can correct me if I'm wrong or right on that.
I think it was June of twenty two that inflation
(01:48):
hit nine point one percent in this country and necessitated
a rapid rise overall in interest rates. I'm gonna actually
break this down for you because a big part part
of the twenty twenty six election is going to be
based on cost of goods affordability. Uh, but I want
to give you the latest information. I'll give you a
(02:11):
couple of different ways that that this broke down. This
was from CNBC economics reporter Steve Leisman. Here he is
on CNBC reacting in surprise to the numbers on inflation
coming in much lower than expected.
Speaker 2 (02:29):
Cut to the number of the morning the CPI, Oh,
maybe coming in a little bit better than expecting. Two
point seven percent A little light here. I'm not calling
I'm just reading the headlines here. Year over year two
seven ex food and Energy Corps six, so four chants off.
That is a very good number. Here, all right, very
(02:49):
good number. That is CNBC. Here is Maria Bartiromo. Side note.
I got to meet Maria Bartiromo for the first time.
I think it was an early November at a Fox event,
and I was just giddy. And Buck would tell you this,
and my wife would tell you this. I got to
(03:09):
meet Joe Kernan. I was a kid who liked to
watch CNBC back in the day, So Maria Bartiromo, Joe
Kernan for those of you who remember that era when
there was no competition. I was so excited to meet
her and she I was just giddy and the fact
that she knew me and she said, oh, I love
what you and Buck are doing. That was awesome, which
reminds me we should get her on the program. But
(03:32):
here is Fox Business host Maria Bartiromo as this news
comes out, reacting to it.
Speaker 3 (03:38):
Cut one, Inflation is running at maybe two point nine
percent right now, two year over year.
Speaker 1 (03:44):
Let me interpt you.
Speaker 4 (03:45):
I'm sorry, Steve. Two point seven percent year of a
year is the number we were expecting. Two point six
percent is on core. Two point six percent is core
and two point seven percent is headline. This is better
than expected. We were expecting three percent core. We got
two point six percent CPI for the month of November,
(04:05):
we got headline number of two point seven percent, much
better than the three point one percent expected.
Speaker 1 (04:11):
Markets are on the move down.
Speaker 4 (04:13):
Dusters now at the highs of the morning at one
hundred and sixty five on this number.
Speaker 1 (04:17):
Okay, as we speak to you, the Dow is near
and all time high. The S and P five hundred,
it is near an all time high, and the Nasdaq
is near an all time high. And there's no other
way to spin it, says Harvard professor of economics Ken
Rogoff here. He is reacting to it as well. Again,
cut three I mean, I was surprised. It was a
(04:39):
better number than anyone was expecting. Look, inflation has been
very high. It's stayed high. It has not been coming down.
Speaker 5 (04:49):
But you know, people were expecting it to be above
three percent. It was well below three percent. I mean,
I think the president will take this as good news.
The investors think that interest rates will got cut more. So,
you know, it was a positive news. There's no other
way to spend.
Speaker 1 (05:06):
Okay, we're going to get into President Trump's address last night.
But this news has come out since then, and you
might be saying, Okay, Clay, what impact does this have
on my life? Why does this matter? Let me kind
of lay it out for you a little bit. I
get that people are frustrated with what things cost, and
let me take you on a little bit of a
(05:27):
journey and try to make sense of what happened and
why you are angry, many of you, including me, at
what the cost of goods actually are. When Joe Biden
came into office in January of twenty twenty one, inflation
was right around two percent. That is the Fed's stated target,
(05:48):
very low inflation that is hard to recognize in general
cost of goods two percent inflation. Almost immediately, the decision
that Biden's team on the economy was, we have to
juice the economy coming out of COVID. There is danger
in not spending enough money. We have to make sure
(06:10):
that the federal government is the fire hose that is
trying to spray as much economic growth as we can create.
And remember Biden came into office and immediately passed and
spent trillions of dollars in spending increases because that was
their idea, Hey, we can't go too small. We got
to put as much money from the federal government into
(06:33):
this economy as we can. And what happened almost immediately,
overall inflation started to skyrocket because we were giving too
many people cash. We were still at that time telling
a lot of people stay home, eat cheetos. The government's
got your back. You don't have to worry about income,
(06:55):
you don't have to worry about paying for your cost
of goods. And the value of a dollar began to plummet,
and inflation skyrocketed, and by June of twenty twenty two,
everything had gone up. We were at a nine point
one percent inflation rate overnight. And I know many of
(07:16):
you felt this. You would go out to get fast
food or buy a pizza for your family, and everything
just started costing way more than it should have. You
were looking around, you were saying, how in the world
did that pizza cost this much. I have talked about
it a lot because the place that my family goes
the most often is Chick fil A. I love Chick
(07:39):
fil A. My boys love Chick fil A. I've got
three growing boys suddenly going through the Chick fil A
drive through. Starting in twenty twenty one, twenty twenty two,
everything was over fifty dollars. For my family, that fifty
dollars used to be. Hey, I can go have a
sit down meal. I can go to Logan's row House,
(08:00):
I can go to Applebee's, I can go to Chili's.
I can eat an affordable sit down meal with an
actual waitress coming to take our order. And all of
you felt this. And it wasn't just cost of goods.
Because inflation skyrocketed so fast, the overall rate of the
FED interest rates also began to skyrocket, and this is
(08:25):
where the cost of homes started to explode at the
same time that interest rates took off. And for those
of you out there that were fortunate enough to buy
homes in twenty twenty or twenty twenty one, you got
two and a half percent mortgage rates, fifteen year, three percent,
thirty year rates, all sorts of unbelievable mortgage rates. And
(08:49):
then suddenly the mortgage rates skyrocketed to over seven percent.
And a lot of you out there listening to me
right now, you're still in those homes, and you're saying,
I'm not gonna move. I've got a two and a
half percent interest rate locked in. I've got a three
percent interest rate locked in. So the overall housing market
froze because a lot of people that otherwise might have
(09:11):
been considering moving to another home because interest rates skyrocketed
so fast, as inflation skyrocketed so fast, money was so
cheap that suddenly we had to raise the cost of
interest rates to try to bring down the overall rate
of inflation. And this was effectively the story of the
(09:32):
Biden administration. So many people got locked in to homes,
and so many people got locked out of homes, and
instead of in the spring, typically when moms and dads
out there say hey we got a new kid, it's
time to move to a new school district, you're saying, hey,
we're not moving, we're locking in our two and a
half percent interest rate. And maybe your kids have left school,
(09:53):
going off to college, maybe you're thinking about retiring. You
don't need the same size home you've already had. You're
sitting around saying, why in the world would I sell
my home when I'm going to have to take on
a mortgage that's a lot higher. Price of homes has
gone up so much. Everything was broken. That's the world
in which Trump returned to office in January of twenty
(10:17):
twenty five, and what he has tried to do is
focus on bringing down interest rates and bringing down inflation
and putting more money into your pocket. And it is working. Now.
The challenge is, I'm not sure that it's going to
work fast enough for people to feel it in twenty
(10:39):
twenty six. If we were having this conversation next year,
I think the economy is going to be firing on
all cylinders. I think the thing that you care about
the most, which is more money in your pocket and
the cost of goods increasing at a lower rate than
your overall wage growth, is that's the number one If
you told me, hey, Clay, what is the number one
(11:01):
economic issue that you think matters the most, it is
you need to be making on average more money in
wage increase than the cost of the goods that you
are buying. That with that is how you feel better
about your wallet, about your pocketbook, about the money there.
Trump is trying to tell that story.
Speaker 6 (11:20):
Now.
Speaker 1 (11:21):
The challenge is people are angry because of how bad
Joe Biden was, and as a result, telling that story
is really challenging because you risk sounding like you don't
understand what's really going on on the ground. When you
tell people things are getting better but they can't feel
(11:42):
it yet. That is to me the story of twenty
twenty six. How much does the reality of things getting
better start to pierce into the expectations of people on
the ground out there? Because things are getting better. The
numbers all reflect that, But it takes a while of
(12:05):
things being better for people to start to feel it
and for the anger of the unprecedented economic failures of
the Biden tenure to start to diminish. And this is
why I have made the argument. As you guys know,
I love history. Many of you lived through it. It
took a while for Ronald Reagan to actually start to
(12:27):
get popular in this country. He took over for Jimmy Carter,
who was an economic disaster. Reagan it took four years
for him to catch fire and for people to recognize
that all of the supply side decisions he was making
were starting to juice the economy, and the inflation from
(12:48):
Jimmy Carter and the interest rates that everybody had to
pay on their mortgages. It took a while for people
to recognize that things were starting to get better. And
some of you who lived through that, remember people were
sold on Reagan in eighty one, eighty two, eighty three,
and then lo and behold. By eighty four, the ravages
of the Carter era are fading, and Reagan can go
(13:11):
out and win forty nine states. I'm not sure that
we're going to see a huge victory in twenty twenty six.
I am very confident, based on the decisions that are
being made right now, that by twenty twenty eight, everything
is going to be firing on all cylinders. And if
you question me, remember where we were before COVID hit.
(13:36):
In February of twenty twenty. Trump was cruising to re election.
The economy was probably at that time the strongest it
had ever been, virtually no inflation, mortgage rates were incredibly low,
borrowing cost. Everything was starting to fire on all cylinders
in Trump one point zero. And then what happened COVID,
(14:00):
and suddenly everything got shut down in March of twenty twenty,
and we bore the brunt of the disastrous decisions made
really in the early part of the Biden administration. Okay,
did I do a good enough job of making sense
of why this matters? We're going to have open phone
lines eight hundred and two two to two A two.
Did I miss something? Is there something out there that
(14:22):
you think is important to add? You can do a talkback,
You can hop on the phones and react to us.
We got a couple of great guests coming your way,
Brianna Lyman, first time ever on the show. In the
second hour. Jonathan Albert is going to be with us
in the third hour. You guys love Jonathan Albert. He
was the psychologist we had on to talk about Trump
de arrangement syndrome in advance of Thanksgiving. Advice from him
(14:44):
on how to handle your family members that may hate
Donald Trump as we come into the Christmas season. But
I want to tell you right now, unfortunately, during the
Christmas season, we get a lot of cyber hacking going.
Because cyber hackers don't take time off during the Christmas season,
this is their prime time, which is why you need LifeLock.
Just look at what some of these hackers did with
(15:04):
an online business recently. Seven hundred Credit is a company
that handles credit checks for car dealerships. They just confirmed
a data breach. You probably won't recognize the company name,
but your car dealership does your info could be involved
if a dealership use their services during your car buying process.
Just to give you a perspective, that's five point six
(15:25):
million people involved in that data breach, social security numbers, names,
birth dates, addresses. LifeLock helps to monitor all of this
to look for threats to your identity being stolen. Your
protection backed by lifelocks million dollar protection package. You can
join now and say forty percent off your first year
with promo code Clay. That's LifeLock dot com. Promo code
(15:48):
Clay my name for forty percent off one eight hundred LifeLock.
Also LifeLock dot com my name Clay. Making America agreed again.
Isn't one man, It's many. The Team forty seven podcast
Sunday's at noon Eastern in the Clay and Buck podcast feed.
Find it on the iHeartRadio app or wherever you get
(16:11):
your podcasts. Welcome back in Clay Travis Buck Sexton Show.
We're going to get to some of your talkbacks, some
of your calls here during the course of the program.
I want you to also know you can give a
talkback to Jonathan Albert. We haven't really tried this before.
If you want advice from him. On how to deal
(16:31):
with crazy family members. Send us a talkback and we
will play some of those for him and get specific
advice from him on what he would suggest. We'll have
fun with that, and heck, if you want life advice
from me, let's try this too. I will give you.
I will solve any problem that you have in the world, humbly,
(16:53):
because I'm amazing at giving advice. If you make a
talkback and producer Greg can check all of those out.
We were talking about the challenges that President Trump has
in explaining where we are going, and let me play
this for you. Cut eight. He says something that I
(17:13):
told you that I think is true. We are headed
for an unbelievable economic boom. Cut eight tonight.
Speaker 7 (17:19):
After eleven months, our border is secure, inflation has stopped,
wages are up, prices are down, our nation is strong,
America is respected, and our country is back stronger than
ever before. We're poised for an economic boom the likes
of which the world has never seen.
Speaker 1 (17:40):
Okay, I think he's right on all of that. The
question is will people feel it by the time we
get to November. Will that economic boom register by November,
and that by the time people start to vote next year.
That is the number one question about what's going to
happen in the next calendar year. We'll talk about that.
(18:00):
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back in Clay Travis buck Sexton show a lot of
you wanting to weigh in on the current economics situation.
(19:05):
Let me hit you with a couple more of the
comments that President Trump made last night in his primetime
address from the White House. Again, inflation two point seven percent,
lowest in over four years, and the core inflation two
point six percent. We are narrowing and increasingly almost to
(19:28):
the Fed's overall goal for where inflation should be. Positive
news for those of you out there, I think one
point four to five million of you that are in
the current arm services. Trump announced a Warrior dividend seventeen
one hundred and seventy six dollars non taxable lump sum payment.
(19:50):
This is going to be very popular as we head
into the holiday season, cut for.
Speaker 7 (19:54):
Because of tariffs. Along with the just past one big
beautiful bill tonight I am. I'm also proud to announce
that more than one thousand, four hundred fifty thousand, think
of this, one million, four hundred and fifty thousand military
service members will receive a special we call Warrior dividend
(20:16):
before Christmas. So Warrior Dividend, in honor of our nations
founding in seventeen seventy six, we are sending every soldier
one thousand, seven hundred and seventy six dollars. Think of that,
and the checks are already on the way. Nobody understood
(20:36):
that one until about thirty minutes ago. We made a
lot more money than anybody thought because of tariffs, and
the bill helped us along. Nobody deserves it more than
our military. And I say congratulations everybody.
Speaker 1 (20:50):
That is very, very positive. So Merry Christmas to many
of you out there in the arms services. Let me
hit you with a couple of more comments and then
we'll go into the phone reactions. President Trump, for the
first time in fifty years, we are now seeing people
leaving the country as opposed to illegals coming into the country.
Cut five.
Speaker 7 (21:10):
The worst thing that the Biden administration did to our
country is the invasion at the border. The last administration
and their allies and Congress brought in millions and millions
of migrants and gave them taxpayer funded housing while you're
rent and housing costs kyrocketed over sixty percent of growth
and the rental market came from foreign migrants. At the
(21:33):
same time, illegal aliens soul American jobs and flooded emergency rooms,
getting free health care and education paid for by you,
the American taxpayer. For the first time in fifty years.
We are now seeing reverse migration as migrants go back home,
leaving more housing and more jobs for Americans.
Speaker 1 (21:53):
Okay, and one more cut and then we'll go to
some of your reactions. Get ready. Trump is saying that
this spring tax season, unfortunately, that we are projecting the
largest tax refunds of all time, cut six.
Speaker 7 (22:08):
Next year, you will also see the results of the
largest tax cuts in American history that were really accomplished
through our great, big, beautiful bill, perhaps the most sweeping
legislation ever passed in Congress. We wrapped twelve different bills
up into one beautiful bill that includes no tax on tips,
(22:29):
no tax on overtime, and no tax on Social Security
for our great seniors. Under these cuts, many families will
be saving between eleven thousand and twenty thousand dollars a year,
and next spring is projected to be the largest tax
refund season.
Speaker 1 (22:48):
Of all time. Okay, So that was President Trump last night.
We have been laying out exactly what happened. Let me
hit you with this Andy from Minnesota. This is exactly
what I'm talking about when it comes to the housing market.
So many people who are fortunate enough to get great
low interest rates are just not going to move because
(23:10):
the interest rates have not come back down anywhere close
to what they used to be. Here is Andy and Minnesota.
Listen to his story. I think a lot of you
will understand and also not along because it is a
primary factor here in the way that the economy is stuck,
particularly relating to housing.
Speaker 8 (23:29):
Andy outa Minnesota here, My wife and I have been
talking about moving out of this hellhole state into one
that mora aligns with our beliefs. But we're stuck because
we're at a two and a half percent interest rate.
I couldn't afford half the house nowadays as the new rate,
what the housing market is done, We're stuck here, whether
we like it or not.
Speaker 1 (23:49):
And look, I think if you talk to people out
there in the mortgage industry, we are going to get
another Roughly, I think this is my projection in twenty twenty.
I think it is likely that we are going to
have another three quarter point or one point decline in
the feder rate, which is going to bring mortgage rates
back down into the fives. Hopefully the high fours not
(24:14):
as good as they were in twenty twenty one. But
borrowing costs are going to come down substantially, and I
think that's going to start to free up the housing market,
because you might not be willing to move if you're
having to go from a two and a half to
a six. But if you're going from a two and
a half percent interest rate to a four and a
half percent interest rate or a five percent interest rate,
(24:35):
maybe it starts to make a little bit more sense.
Let's see Gary and Houston. You want to weigh in
on what President Trump was talking about when it comes
to cost of rent. We got about two million illegals
that have lost the country, left the country, and now
rents are starting to dial back as a result. It's
(24:56):
basic supply and demand. Gary, what you got for us?
Speaker 6 (25:00):
Well, just as President Trump said, the impact of the
illegal aliens of millions of aliens, we had a huge
impact on rent, but everything else was as a result
in plated and supply and demand a lot more, a
lot more demand and no more supply, everything goes up.
Speaker 1 (25:22):
Thank you.
Speaker 6 (25:23):
Thank the impact of the illegal aliens. We don't have
any idea how much.
Speaker 3 (25:28):
Is concious Thank you.
Speaker 1 (25:30):
I think he's one hundred percent. Right. Uh, I believe
in general that you're going to start to see some
of these rents dial back. Look, there are two things
that I think are moving in a positive direction when
it comes to cost of rent. One is the illegal
immigrants leaving is driving down the people who are buying
up and renting. Two, supply continues to grow in many
(25:56):
parts of the country, and that combination of the two
will bring cost of goods back down to a reasonable area.
Let's see, we got a bunch of people who want
to weigh in. Oh, Bill, Bill in Wisconsin, you think
the Biden economy was actually great?
Speaker 3 (26:14):
Well, what was the rate of unemployment? Just tell me
what it was then? And now? How many were more
people employed or less people employed? What's the answer?
Speaker 1 (26:24):
Well, the answer is that there were actually most of
Joe Biden's employment growth was actually in illegal immigrants Americans
who lived in the country. Mind this is true.
Speaker 3 (26:35):
Come on, come on, you know, okay, let's talk about
the illegals. Let's talk about them. When we didn't have
these closed borders. Do you know how many illegals were
paying taxes to America and they weren't getting cadillacs and
they weren't getting free phones.
Speaker 1 (26:52):
In Well, okay, you think we should have more illegal
immigration in the country. What is the right number of
elite immigrants that you would like to see here? Because
Biden let in around ten million that we know of
the illegals into the country, what would the right number
have been? Should we have let twenty million in thirty million?
What do you think the right numbers?
Speaker 3 (27:13):
We could do a wonderful job of bringing people into
this country without concertina wire and everything else. The right
amount of numbers? So you want amount of number? Is this?
Here's the right amount of number, the number that the
country can handle.
Speaker 1 (27:27):
Now, okay, what's that number.
Speaker 3 (27:28):
I'm not gonna say fifty million?
Speaker 1 (27:30):
Go ahead, No, what number do you think that is?
Speaker 3 (27:34):
Okay, what number? I'll say ten million?
Speaker 1 (27:36):
Okay, So you think Biden and the border because he
let in ten million, you think he did a good
job at the border?
Speaker 3 (27:43):
Well, did were we spending all the money? The billions
maybe trillions on ice? Were we spending all that wasteful
money tracking these people down who didn't have half the
felonies that your president has?
Speaker 1 (27:59):
Okay, well, how often do you listen to the show?
Speaker 3 (28:02):
I listened to a lot of used to listen to
Rush Limbaugh before.
Speaker 1 (28:05):
Okay, so did you what what do I say or
does buck say that you agree with?
Speaker 9 (28:12):
Well?
Speaker 8 (28:12):
You do?
Speaker 3 (28:12):
I mean, yeah, there's there's points to agree with. We
can find. You brought up something the other day that
I thought, Now we're on the same page. You know,
I grew up in the era of Dwight Eisenhower and
I met I'm older than you are, a lot older.
Back then, we had something called honesty, integrity, diplomacy, and humanitarianism.
That's all gone, presently all gone. It's important for president.
Speaker 1 (28:37):
Did you have a President Trump or Kamala?
Speaker 3 (28:41):
Kamala without a doubt, I mean, she's educated.
Speaker 1 (28:44):
Okay, so you wish that we had Kamala Harris, you
were I'm assuming a white dude for Kamala.
Speaker 3 (28:51):
Yes, I wasn't. Wait, due, you're done right, because she
had as a for a lady, she had a backbot,
she stood when she made him a stake, she dealt
with it. She didn't blame it on somebody else. She
was had character. This guy you've got now, remember he's
a touch show host.
Speaker 1 (29:09):
Yeah, but that's all I He's a to show. How
do you think I would do as president.
Speaker 3 (29:14):
By the way, I gotta say something for you on
your behalf. I want to give you a pat in
the back, and I'm not joking. Thanks for at least
having an open end debate. I appreciate that with Americans.
Speaker 1 (29:24):
Well, thank you for listening more of it. Thank I
do agree we need more debate. Thank you for listening. Bill.
I didn't know that Bill in Wisconsin was going to
call in and be a white dude for Harris and say, hey,
we need more open borders. I actually think that, you know,
if some of you are going to say, oh, Bill,
you know, it's crazy, I don't agree with. I actually
appreciate when people just own what they think. Most people
(29:46):
won't say what Bill said. This is the question. Look,
I would love to have Kamala Harris on this program
because the question that Bill was asked is one that
I think Democrats should have to answer. Okay, we need
more immigration. What is the number of people that would
be too many to come into the country right because look,
(30:06):
I mean there are eight billion people that live in
the world right now. Eight billion, Okay, h we are
so incredibly fortunate to be around. I think the population
of the United States around three hundred and forty million.
And here's a great stat for you. How big is
this country? Do you know that just in Texas, every
(30:27):
single American could live in Texas on a one acre
yard and the rest of the country could still be empty.
Think about that. That's how big the state of Texas is.
But that's how vast the country is. Okay, But at
some point in time there is a number where we
sit around and say, there's eight billion people in the world.
(30:50):
I bet that seven billion of them, if you ask them,
would say, yeah, I would like to live in the
United States. I really believe that. I think huge majorities
of people in Asia and Africa and Europe and everywhere
around the world. I think if you said, despite the
fact that people say, oh I hate America, now, you
could pick any country in the world to live in,
(31:12):
I think about seven billion of those people, if they
were being honest, would say, I'd like to live in
the United States. So for those of us that are
born in the United States, we have received the greatest
gift that could ever be out there that we were
born in America and we get to live in the
greatest country, the wealthiest country, the freest country that I
believe has ever existed in the history of the world.
And the way Warren Buffett puts it is I think
(31:33):
such a great way of thinking about it. He says, Look,
if every person in the world was a marble, and
there was just a big collection of all those marbles,
and you had your marble and that represented the life
that you are living today, would you trade your marble
with a random marble that you could just pull out
of that eight billion? And he says, and this is true. Basically,
(31:57):
no American should ever make that traue. That is, no
matter what life you are living. Right now, almost every
American is wealthier than who you would draw out. It's
a good stat The poorest Americans are far wealthier than
almost the wealthiest people who live in most countries around
(32:19):
the world. The poorest Americans would be in the top
twenty percent wealthiest people in India right now. Right The
standard of living here, even for the people who are
the bottom of the economic ladder in the United States,
is vastly higher than almost the peak for the vast
majority of the world. So everybody wants to come here.
(32:43):
My argument would be that we should have almost almost no,
almost no zero people who come into this country and
aren't able to immediately make a living. If you're going
to become a ward of the state, if you're going
to need work, well fair, you should never be allowed
to come in here. And so anyway, I appreciate that call.
(33:04):
Eight hundred and two A two two eight A two.
You guys can weigh in on the talkbacks as well.
I don't know how many white dudes for Harris out
there listen every day, but hopefully over time we're convincing
you that we've got better arguments. Look, when it comes
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(34:14):
sa FE. Sometimes all you can do is laugh, and
they do a lot of it with the Sunday hang
Join Clay and Buck as they laugh it up in
the Clay and Buck podcast beat on the iHeartRadio app
or wherever you get your podcasts. Welcome back in Clay
Travis Buck Sexton Show. Appreciate all of you hanging out
(34:37):
with us as we are rolling through the Thursday edition
of the program. So many of you out there reacting.
Let me hit a couple more of your calls. Will
continue to take your calls throughout the course of the show.
A lot of reaction to our white dude for Kamala
from Milwaukee. Appreciate him listening out there. Nate in New Hampshire,
(35:00):
you have a little bit of a different take than
our caller in the Wisconsin area.
Speaker 9 (35:07):
Yeah, Hi, Clay, thank you for taking my call. Yeah,
I from my personal experience, I'm not an economist or anything,
but during the first Trump administration and now this Trump administration.
I have found that there is a lot more optimism
and happiness in the American people in general. This is
(35:30):
just what I have found. I can't give you numbers
because I'm not, but people, in my opinion, seem to
be a lot more optimistic and a lot happier. And
that seems to reflect in my opinion, in the economy.
People when they're more optimistic and more happy, they're more
willing to open up their wallet and spend more and
(35:52):
save more, and just it just is a way better feeling.
And the two best times in my entire life have
been under the Trump administration. And I'm just I thank
God every day for Trump being in office, and also
for you and Buck and I just love you guys.
Speaker 1 (36:11):
Thank you so much.
Speaker 9 (36:12):
Nate.
Speaker 1 (36:13):
We're going to a break at the end of the hour.
It's hard to get a vibe check on a nation
as big as this country is, but I do think
the overall vibe is positive as we roll into twenty
twenty six, continue to take your calls and I'll break
down the latest on that Brown University shooting.
Welcome in Thursday edition Clay Travis buck Sexton Show. We
appreciate all of you hanging out with us. Buck has already,
like many of your kids and grandkids, have started his
Christmas vacation. He is off and about. I will be
with you today and tomorrow solo taking you into Christmas Week,
(00:22):
and there's a lot for us to dive into. A
couple of different stories that are out there that we
will be monitoring. We still have no idea who the
Brown University shooter was. They've released a few more videos.
I will continue to update you with that, but I'm
not optimistic that there is any imminent arrest that is
(00:43):
coming there, and as a result, we still don't know
a lot about whatever the decision might have been that
was made that motivated that attack. So that is out there.
The continued fallout of the awful Bondai beach shooting in
Australia continue, but we begin with some good news. Inflation
(01:05):
has just come in at the lowest level since the
spring of twenty twenty one, when cost of goods began
to skyrocket under Joe Biden as he poured trillions of
dollars into the economy in the early days of what
I think it's fair to call the worst administration in
(01:27):
any of our lives. Inflation comes in at two point
seven percent. Again, the inflation goal for the Fed is
two percent. We have been fighting our way back down
since I believe it was June of twenty two. Team
can correct me if I'm wrong or right on that.
I think it was June of twenty two that inflation
(01:48):
hit nine point one percent in this country and necessitated
a rapid rise overall in interest rates. I'm gonna actually
break this down for you because a big part part
of the twenty twenty six election is going to be
based on cost of goods affordability. Uh, but I want
to give you the latest information. I'll give you a
(02:11):
couple of different ways that that this broke down. This
was from CNBC economics reporter Steve Leisman. Here he is
on CNBC reacting in surprise to the numbers on inflation
coming in much lower than expected.
Speaker 2 (02:29):
Cut to the number of the morning the CPI, Oh,
maybe coming in a little bit better than expecting. Two
point seven percent A little light here. I'm not calling
I'm just reading the headlines here. Year over year two
seven ex food and Energy Corps six, so four chants off.
That is a very good number. Here, all right, very
(02:49):
good number. That is CNBC. Here is Maria Bartiromo. Side note.
I got to meet Maria Bartiromo for the first time.
I think it was an early November at a Fox event,
and I was just giddy. And Buck would tell you this,
and my wife would tell you this. I got to
(03:09):
meet Joe Kernan. I was a kid who liked to
watch CNBC back in the day, So Maria Bartiromo, Joe
Kernan for those of you who remember that era when
there was no competition. I was so excited to meet
her and she I was just giddy and the fact
that she knew me and she said, oh, I love
what you and Buck are doing. That was awesome, which
reminds me we should get her on the program. But
(03:32):
here is Fox Business host Maria Bartiromo as this news
comes out, reacting to it.
Speaker 3 (03:38):
Cut one, Inflation is running at maybe two point nine
percent right now, two year over year.
Speaker 1 (03:44):
Let me interpt you.
Speaker 4 (03:45):
I'm sorry, Steve. Two point seven percent year of a
year is the number we were expecting. Two point six
percent is on core. Two point six percent is core
and two point seven percent is headline. This is better
than expected. We were expecting three percent core. We got
two point six percent CPI for the month of November,
(04:05):
we got headline number of two point seven percent, much
better than the three point one percent expected.
Speaker 1 (04:11):
Markets are on the move down.
Speaker 4 (04:13):
Dusters now at the highs of the morning at one
hundred and sixty five on this number.
Speaker 1 (04:17):
Okay, as we speak to you, the Dow is near
and all time high. The S and P five hundred,
it is near an all time high, and the Nasdaq
is near an all time high. And there's no other
way to spin it, says Harvard professor of economics Ken
Rogoff here. He is reacting to it as well. Again,
cut three I mean, I was surprised. It was a
(04:39):
better number than anyone was expecting. Look, inflation has been
very high. It's stayed high. It has not been coming down.
Speaker 5 (04:49):
But you know, people were expecting it to be above
three percent. It was well below three percent. I mean,
I think the president will take this as good news.
The investors think that interest rates will got cut more. So,
you know, it was a positive news. There's no other
way to spend.
Speaker 1 (05:06):
Okay, we're going to get into President Trump's address last night.
But this news has come out since then, and you
might be saying, Okay, Clay, what impact does this have
on my life? Why does this matter? Let me kind
of lay it out for you a little bit. I
get that people are frustrated with what things cost, and
let me take you on a little bit of a
(05:27):
journey and try to make sense of what happened and
why you are angry, many of you, including me, at
what the cost of goods actually are. When Joe Biden
came into office in January of twenty twenty one, inflation
was right around two percent. That is the Fed's stated target,
(05:48):
very low inflation that is hard to recognize in general
cost of goods two percent inflation. Almost immediately, the decision
that Biden's team on the economy was, we have to
juice the economy coming out of COVID. There is danger
in not spending enough money. We have to make sure
(06:10):
that the federal government is the fire hose that is
trying to spray as much economic growth as we can create.
And remember Biden came into office and immediately passed and
spent trillions of dollars in spending increases because that was
their idea, Hey, we can't go too small. We got
to put as much money from the federal government into
(06:33):
this economy as we can. And what happened almost immediately,
overall inflation started to skyrocket because we were giving too
many people cash. We were still at that time telling
a lot of people stay home, eat cheetos. The government's
got your back. You don't have to worry about income,
(06:55):
you don't have to worry about paying for your cost
of goods. And the value of a dollar began to plummet,
and inflation skyrocketed, and by June of twenty twenty two,
everything had gone up. We were at a nine point
one percent inflation rate overnight. And I know many of
(07:16):
you felt this. You would go out to get fast
food or buy a pizza for your family, and everything
just started costing way more than it should have. You
were looking around, you were saying, how in the world
did that pizza cost this much. I have talked about
it a lot because the place that my family goes
the most often is Chick fil A. I love Chick
(07:39):
fil A. My boys love Chick fil A. I've got
three growing boys suddenly going through the Chick fil A
drive through. Starting in twenty twenty one, twenty twenty two,
everything was over fifty dollars. For my family, that fifty
dollars used to be. Hey, I can go have a
sit down meal. I can go to Logan's row House,
(08:00):
I can go to Applebee's, I can go to Chili's.
I can eat an affordable sit down meal with an
actual waitress coming to take our order. And all of
you felt this. And it wasn't just cost of goods.
Because inflation skyrocketed so fast, the overall rate of the
FED interest rates also began to skyrocket, and this is
(08:25):
where the cost of homes started to explode at the
same time that interest rates took off. And for those
of you out there that were fortunate enough to buy
homes in twenty twenty or twenty twenty one, you got
two and a half percent mortgage rates, fifteen year, three percent,
thirty year rates, all sorts of unbelievable mortgage rates. And
(08:49):
then suddenly the mortgage rates skyrocketed to over seven percent.
And a lot of you out there listening to me
right now, you're still in those homes, and you're saying,
I'm not gonna move. I've got a two and a
half percent interest rate locked in. I've got a three
percent interest rate locked in. So the overall housing market
froze because a lot of people that otherwise might have
(09:11):
been considering moving to another home because interest rates skyrocketed
so fast, as inflation skyrocketed so fast, money was so
cheap that suddenly we had to raise the cost of
interest rates to try to bring down the overall rate
of inflation. And this was effectively the story of the
(09:32):
Biden administration. So many people got locked in to homes,
and so many people got locked out of homes, and
instead of in the spring, typically when moms and dads
out there say hey we got a new kid, it's
time to move to a new school district, you're saying, hey,
we're not moving, we're locking in our two and a
half percent interest rate. And maybe your kids have left school,
(09:53):
going off to college, maybe you're thinking about retiring. You
don't need the same size home you've already had. You're
sitting around saying, why in the world would I sell
my home when I'm going to have to take on
a mortgage that's a lot higher. Price of homes has
gone up so much. Everything was broken. That's the world
in which Trump returned to office in January of twenty
(10:17):
twenty five, and what he has tried to do is
focus on bringing down interest rates and bringing down inflation
and putting more money into your pocket. And it is working. Now.
The challenge is, I'm not sure that it's going to
work fast enough for people to feel it in twenty
(10:39):
twenty six. If we were having this conversation next year,
I think the economy is going to be firing on
all cylinders. I think the thing that you care about
the most, which is more money in your pocket and
the cost of goods increasing at a lower rate than
your overall wage growth, is that's the number one If
you told me, hey, Clay, what is the number one
(11:01):
economic issue that you think matters the most, it is
you need to be making on average more money in
wage increase than the cost of the goods that you
are buying. That with that is how you feel better
about your wallet, about your pocketbook, about the money there.
Trump is trying to tell that story.
Speaker 6 (11:20):
Now.
Speaker 1 (11:21):
The challenge is people are angry because of how bad
Joe Biden was, and as a result, telling that story
is really challenging because you risk sounding like you don't
understand what's really going on on the ground. When you
tell people things are getting better but they can't feel
(11:42):
it yet. That is to me the story of twenty
twenty six. How much does the reality of things getting
better start to pierce into the expectations of people on
the ground out there? Because things are getting better. The
numbers all reflect that, But it takes a while of
(12:05):
things being better for people to start to feel it
and for the anger of the unprecedented economic failures of
the Biden tenure to start to diminish. And this is
why I have made the argument. As you guys know,
I love history. Many of you lived through it. It
took a while for Ronald Reagan to actually start to
(12:27):
get popular in this country. He took over for Jimmy Carter,
who was an economic disaster. Reagan it took four years
for him to catch fire and for people to recognize
that all of the supply side decisions he was making
were starting to juice the economy, and the inflation from
(12:48):
Jimmy Carter and the interest rates that everybody had to
pay on their mortgages. It took a while for people
to recognize that things were starting to get better. And
some of you who lived through that, remember people were
sold on Reagan in eighty one, eighty two, eighty three,
and then lo and behold. By eighty four, the ravages
of the Carter era are fading, and Reagan can go
(13:11):
out and win forty nine states. I'm not sure that
we're going to see a huge victory in twenty twenty six.
I am very confident, based on the decisions that are
being made right now, that by twenty twenty eight, everything
is going to be firing on all cylinders. And if
you question me, remember where we were before COVID hit.
(13:36):
In February of twenty twenty. Trump was cruising to re election.
The economy was probably at that time the strongest it
had ever been, virtually no inflation, mortgage rates were incredibly low,
borrowing cost. Everything was starting to fire on all cylinders
in Trump one point zero. And then what happened COVID,
(14:00):
and suddenly everything got shut down in March of twenty twenty,
and we bore the brunt of the disastrous decisions made
really in the early part of the Biden administration. Okay,
did I do a good enough job of making sense
of why this matters? We're going to have open phone
lines eight hundred and two two to two A two.
Did I miss something? Is there something out there that
(14:22):
you think is important to add? You can do a talkback,
You can hop on the phones and react to us.
We got a couple of great guests coming your way,
Brianna Lyman, first time ever on the show. In the
second hour. Jonathan Albert is going to be with us
in the third hour. You guys love Jonathan Albert. He
was the psychologist we had on to talk about Trump
de arrangement syndrome in advance of Thanksgiving. Advice from him
(14:44):
on how to handle your family members that may hate
Donald Trump as we come into the Christmas season. But
I want to tell you right now, unfortunately, during the
Christmas season, we get a lot of cyber hacking going.
Because cyber hackers don't take time off during the Christmas season,
this is their prime time, which is why you need LifeLock.
Just look at what some of these hackers did with
(15:04):
an online business recently. Seven hundred Credit is a company
that handles credit checks for car dealerships. They just confirmed
a data breach. You probably won't recognize the company name,
but your car dealership does your info could be involved
if a dealership use their services during your car buying process.
Just to give you a perspective, that's five point six
(15:25):
million people involved in that data breach, social security numbers, names,
birth dates, addresses. LifeLock helps to monitor all of this
to look for threats to your identity being stolen. Your
protection backed by lifelocks million dollar protection package. You can
join now and say forty percent off your first year
with promo code Clay. That's LifeLock dot com. Promo code
(15:48):
Clay my name for forty percent off one eight hundred LifeLock.
Also LifeLock dot com my name Clay. Making America agreed again.
Isn't one man, It's many. The Team forty seven podcast
Sunday's at noon Eastern in the Clay and Buck podcast feed.
Find it on the iHeartRadio app or wherever you get
(16:11):
your podcasts. Welcome back in Clay Travis Buck Sexton Show.
We're going to get to some of your talkbacks, some
of your calls here during the course of the program.
I want you to also know you can give a
talkback to Jonathan Albert. We haven't really tried this before.
If you want advice from him. On how to deal
(16:31):
with crazy family members. Send us a talkback and we
will play some of those for him and get specific
advice from him on what he would suggest. We'll have
fun with that, and heck, if you want life advice
from me, let's try this too. I will give you.
I will solve any problem that you have in the world, humbly,
(16:53):
because I'm amazing at giving advice. If you make a
talkback and producer Greg can check all of those out.
We were talking about the challenges that President Trump has
in explaining where we are going, and let me play
this for you. Cut eight. He says something that I
(17:13):
told you that I think is true. We are headed
for an unbelievable economic boom. Cut eight tonight.
Speaker 7 (17:19):
After eleven months, our border is secure, inflation has stopped,
wages are up, prices are down, our nation is strong,
America is respected, and our country is back stronger than
ever before. We're poised for an economic boom the likes
of which the world has never seen.
Speaker 1 (17:40):
Okay, I think he's right on all of that. The
question is will people feel it by the time we
get to November. Will that economic boom register by November,
and that by the time people start to vote next year.
That is the number one question about what's going to
happen in the next calendar year. We'll talk about that.
(18:00):
Tons of you want a way in. I want to
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dot Com. Check them out Rapid radios dot Com. Welcome
back in Clay Travis buck Sexton show a lot of
you wanting to weigh in on the current economics situation.
(19:05):
Let me hit you with a couple more of the
comments that President Trump made last night in his primetime
address from the White House. Again, inflation two point seven percent,
lowest in over four years, and the core inflation two
point six percent. We are narrowing and increasingly almost to
(19:28):
the Fed's overall goal for where inflation should be. Positive
news for those of you out there, I think one
point four to five million of you that are in
the current arm services. Trump announced a Warrior dividend seventeen
one hundred and seventy six dollars non taxable lump sum payment.
(19:50):
This is going to be very popular as we head
into the holiday season, cut for.
Speaker 7 (19:54):
Because of tariffs. Along with the just past one big
beautiful bill tonight I am. I'm also proud to announce
that more than one thousand, four hundred fifty thousand, think
of this, one million, four hundred and fifty thousand military
service members will receive a special we call Warrior dividend
(20:16):
before Christmas. So Warrior Dividend, in honor of our nations
founding in seventeen seventy six, we are sending every soldier
one thousand, seven hundred and seventy six dollars. Think of that,
and the checks are already on the way. Nobody understood
(20:36):
that one until about thirty minutes ago. We made a
lot more money than anybody thought because of tariffs, and
the bill helped us along. Nobody deserves it more than
our military. And I say congratulations everybody.
Speaker 1 (20:50):
That is very, very positive. So Merry Christmas to many
of you out there in the arms services. Let me
hit you with a couple of more comments and then
we'll go into the phone reactions. President Trump, for the
first time in fifty years, we are now seeing people
leaving the country as opposed to illegals coming into the country.
Cut five.
Speaker 7 (21:10):
The worst thing that the Biden administration did to our
country is the invasion at the border. The last administration
and their allies and Congress brought in millions and millions
of migrants and gave them taxpayer funded housing while you're
rent and housing costs kyrocketed over sixty percent of growth
and the rental market came from foreign migrants. At the
(21:33):
same time, illegal aliens soul American jobs and flooded emergency rooms,
getting free health care and education paid for by you,
the American taxpayer. For the first time in fifty years.
We are now seeing reverse migration as migrants go back home,
leaving more housing and more jobs for Americans.
Speaker 1 (21:53):
Okay, and one more cut and then we'll go to
some of your reactions. Get ready. Trump is saying that
this spring tax season, unfortunately, that we are projecting the
largest tax refunds of all time, cut six.
Speaker 7 (22:08):
Next year, you will also see the results of the
largest tax cuts in American history that were really accomplished
through our great, big, beautiful bill, perhaps the most sweeping
legislation ever passed in Congress. We wrapped twelve different bills
up into one beautiful bill that includes no tax on tips,
(22:29):
no tax on overtime, and no tax on Social Security
for our great seniors. Under these cuts, many families will
be saving between eleven thousand and twenty thousand dollars a year,
and next spring is projected to be the largest tax
refund season.
Speaker 1 (22:48):
Of all time. Okay, So that was President Trump last night.
We have been laying out exactly what happened. Let me
hit you with this Andy from Minnesota. This is exactly
what I'm talking about when it comes to the housing market.
So many people who are fortunate enough to get great
low interest rates are just not going to move because
(23:10):
the interest rates have not come back down anywhere close
to what they used to be. Here is Andy and Minnesota.
Listen to his story. I think a lot of you
will understand and also not along because it is a
primary factor here in the way that the economy is stuck,
particularly relating to housing.
Speaker 8 (23:29):
Andy outa Minnesota here, My wife and I have been
talking about moving out of this hellhole state into one
that mora aligns with our beliefs. But we're stuck because
we're at a two and a half percent interest rate.
I couldn't afford half the house nowadays as the new rate,
what the housing market is done, We're stuck here, whether
we like it or not.
Speaker 1 (23:49):
And look, I think if you talk to people out
there in the mortgage industry, we are going to get
another Roughly, I think this is my projection in twenty twenty.
I think it is likely that we are going to
have another three quarter point or one point decline in
the feder rate, which is going to bring mortgage rates
back down into the fives. Hopefully the high fours not
(24:14):
as good as they were in twenty twenty one. But
borrowing costs are going to come down substantially, and I
think that's going to start to free up the housing market,
because you might not be willing to move if you're
having to go from a two and a half to
a six. But if you're going from a two and
a half percent interest rate to a four and a
half percent interest rate or a five percent interest rate,
(24:35):
maybe it starts to make a little bit more sense.
Let's see Gary and Houston. You want to weigh in
on what President Trump was talking about when it comes
to cost of rent. We got about two million illegals
that have lost the country, left the country, and now
rents are starting to dial back as a result. It's
(24:56):
basic supply and demand. Gary, what you got for us?
Speaker 6 (25:00):
Well, just as President Trump said, the impact of the
illegal aliens of millions of aliens, we had a huge
impact on rent, but everything else was as a result
in plated and supply and demand a lot more, a
lot more demand and no more supply, everything goes up.
Speaker 1 (25:22):
Thank you.
Speaker 6 (25:23):
Thank the impact of the illegal aliens. We don't have
any idea how much.
Speaker 3 (25:28):
Is concious Thank you.
Speaker 1 (25:30):
I think he's one hundred percent. Right. Uh, I believe
in general that you're going to start to see some
of these rents dial back. Look, there are two things
that I think are moving in a positive direction when
it comes to cost of rent. One is the illegal
immigrants leaving is driving down the people who are buying
up and renting. Two, supply continues to grow in many
(25:56):
parts of the country, and that combination of the two
will bring cost of goods back down to a reasonable area.
Let's see, we got a bunch of people who want
to weigh in. Oh, Bill, Bill in Wisconsin, you think
the Biden economy was actually great?
Speaker 3 (26:14):
Well, what was the rate of unemployment? Just tell me
what it was then? And now? How many were more
people employed or less people employed? What's the answer?
Speaker 1 (26:24):
Well, the answer is that there were actually most of
Joe Biden's employment growth was actually in illegal immigrants Americans
who lived in the country. Mind this is true.
Speaker 3 (26:35):
Come on, come on, you know, okay, let's talk about
the illegals. Let's talk about them. When we didn't have
these closed borders. Do you know how many illegals were
paying taxes to America and they weren't getting cadillacs and
they weren't getting free phones.
Speaker 1 (26:52):
In Well, okay, you think we should have more illegal
immigration in the country. What is the right number of
elite immigrants that you would like to see here? Because
Biden let in around ten million that we know of
the illegals into the country, what would the right number
have been? Should we have let twenty million in thirty million?
What do you think the right numbers?
Speaker 3 (27:13):
We could do a wonderful job of bringing people into
this country without concertina wire and everything else. The right
amount of numbers? So you want amount of number? Is this?
Here's the right amount of number, the number that the
country can handle.
Speaker 1 (27:27):
Now, okay, what's that number.
Speaker 3 (27:28):
I'm not gonna say fifty million?
Speaker 1 (27:30):
Go ahead, No, what number do you think that is?
Speaker 3 (27:34):
Okay, what number? I'll say ten million?
Speaker 1 (27:36):
Okay, So you think Biden and the border because he
let in ten million, you think he did a good
job at the border?
Speaker 3 (27:43):
Well, did were we spending all the money? The billions
maybe trillions on ice? Were we spending all that wasteful
money tracking these people down who didn't have half the
felonies that your president has?
Speaker 1 (27:59):
Okay, well, how often do you listen to the show?
Speaker 3 (28:02):
I listened to a lot of used to listen to
Rush Limbaugh before.
Speaker 1 (28:05):
Okay, so did you what what do I say or
does buck say that you agree with?
Speaker 9 (28:12):
Well?
Speaker 8 (28:12):
You do?
Speaker 3 (28:12):
I mean, yeah, there's there's points to agree with. We
can find. You brought up something the other day that
I thought, Now we're on the same page. You know,
I grew up in the era of Dwight Eisenhower and
I met I'm older than you are, a lot older.
Back then, we had something called honesty, integrity, diplomacy, and humanitarianism.
That's all gone, presently all gone. It's important for president.
Speaker 1 (28:37):
Did you have a President Trump or Kamala?
Speaker 3 (28:41):
Kamala without a doubt, I mean, she's educated.
Speaker 1 (28:44):
Okay, so you wish that we had Kamala Harris, you
were I'm assuming a white dude for Kamala.
Speaker 3 (28:51):
Yes, I wasn't. Wait, due, you're done right, because she
had as a for a lady, she had a backbot,
she stood when she made him a stake, she dealt
with it. She didn't blame it on somebody else. She
was had character. This guy you've got now, remember he's
a touch show host.
Speaker 1 (29:09):
Yeah, but that's all I He's a to show. How
do you think I would do as president.
Speaker 3 (29:14):
By the way, I gotta say something for you on
your behalf. I want to give you a pat in
the back, and I'm not joking. Thanks for at least
having an open end debate. I appreciate that with Americans.
Speaker 1 (29:24):
Well, thank you for listening more of it. Thank I
do agree we need more debate. Thank you for listening. Bill.
I didn't know that Bill in Wisconsin was going to
call in and be a white dude for Harris and say, hey,
we need more open borders. I actually think that, you know,
if some of you are going to say, oh, Bill,
you know, it's crazy, I don't agree with. I actually
appreciate when people just own what they think. Most people
(29:46):
won't say what Bill said. This is the question. Look,
I would love to have Kamala Harris on this program
because the question that Bill was asked is one that
I think Democrats should have to answer. Okay, we need
more immigration. What is the number of people that would
be too many to come into the country right because look,
(30:06):
I mean there are eight billion people that live in
the world right now. Eight billion, Okay, h we are
so incredibly fortunate to be around. I think the population
of the United States around three hundred and forty million.
And here's a great stat for you. How big is
this country? Do you know that just in Texas, every
(30:27):
single American could live in Texas on a one acre
yard and the rest of the country could still be empty.
Think about that. That's how big the state of Texas is.
But that's how vast the country is. Okay, But at
some point in time there is a number where we
sit around and say, there's eight billion people in the world.
(30:50):
I bet that seven billion of them, if you ask them,
would say, yeah, I would like to live in the
United States. I really believe that. I think huge majorities
of people in Asia and Africa and Europe and everywhere
around the world. I think if you said, despite the
fact that people say, oh I hate America, now, you
could pick any country in the world to live in,
(31:12):
I think about seven billion of those people, if they
were being honest, would say, I'd like to live in
the United States. So for those of us that are
born in the United States, we have received the greatest
gift that could ever be out there that we were
born in America and we get to live in the
greatest country, the wealthiest country, the freest country that I
believe has ever existed in the history of the world.
And the way Warren Buffett puts it is I think
(31:33):
such a great way of thinking about it. He says, Look,
if every person in the world was a marble, and
there was just a big collection of all those marbles,
and you had your marble and that represented the life
that you are living today, would you trade your marble
with a random marble that you could just pull out
of that eight billion? And he says, and this is true. Basically,
(31:57):
no American should ever make that traue. That is, no
matter what life you are living. Right now, almost every
American is wealthier than who you would draw out. It's
a good stat The poorest Americans are far wealthier than
almost the wealthiest people who live in most countries around
(32:19):
the world. The poorest Americans would be in the top
twenty percent wealthiest people in India right now. Right The
standard of living here, even for the people who are
the bottom of the economic ladder in the United States,
is vastly higher than almost the peak for the vast
majority of the world. So everybody wants to come here.
(32:43):
My argument would be that we should have almost almost no,
almost no zero people who come into this country and
aren't able to immediately make a living. If you're going
to become a ward of the state, if you're going
to need work, well fair, you should never be allowed
to come in here. And so anyway, I appreciate that call.
(33:04):
Eight hundred and two A two two eight A two.
You guys can weigh in on the talkbacks as well.
I don't know how many white dudes for Harris out
there listen every day, but hopefully over time we're convincing
you that we've got better arguments. Look, when it comes
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(34:14):
sa FE. Sometimes all you can do is laugh, and
they do a lot of it with the Sunday hang
Join Clay and Buck as they laugh it up in
the Clay and Buck podcast beat on the iHeartRadio app
or wherever you get your podcasts. Welcome back in Clay
Travis Buck Sexton Show. Appreciate all of you hanging out
(34:37):
with us as we are rolling through the Thursday edition
of the program. So many of you out there reacting.
Let me hit a couple more of your calls. Will
continue to take your calls throughout the course of the show.
A lot of reaction to our white dude for Kamala
from Milwaukee. Appreciate him listening out there. Nate in New Hampshire,
(35:00):
you have a little bit of a different take than
our caller in the Wisconsin area.
Speaker 9 (35:07):
Yeah, Hi, Clay, thank you for taking my call. Yeah,
I from my personal experience, I'm not an economist or anything,
but during the first Trump administration and now this Trump administration.
I have found that there is a lot more optimism
and happiness in the American people in general. This is
(35:30):
just what I have found. I can't give you numbers
because I'm not, but people, in my opinion, seem to
be a lot more optimistic and a lot happier. And
that seems to reflect in my opinion, in the economy.
People when they're more optimistic and more happy, they're more
willing to open up their wallet and spend more and
(35:52):
save more, and just it just is a way better feeling.
And the two best times in my entire life have
been under the Trump administration. And I'm just I thank
God every day for Trump being in office, and also
for you and Buck and I just love you guys.
Speaker 1 (36:11):
Thank you so much.
Speaker 9 (36:12):
Nate.
Speaker 1 (36:13):
We're going to a break at the end of the hour.
It's hard to get a vibe check on a nation
as big as this country is, but I do think
the overall vibe is positive as we roll into twenty
twenty six, continue to take your calls and I'll break
down the latest on that Brown University shooting.
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