July 23, 2025 • 36 mins
Hour 2 of The Clay Travis and Buck Sexton Show dives deep into the most pressing political and economic headlines shaping America today. The hour opens with coverage of the sentencing of Bryan Kohberger convicted in the Idaho college student murders, receiving four consecutive life sentences without the death penalty—an outcome that sparked debate among listeners.
The hosts then pivot to major developments under President Donald Trump’s administration, highlighting newly released documents by DNI Tulsi Gabbard that reignited scrutiny of the Russia collusion hoax. The segment explores the media’s role in perpetuating the narrative, the lack of accountability for key figures, and the legal hurdles in prosecuting high-level officials. The conversation underscores the contrast between political and legal consequences, emphasizing the strategic use of anger versus actionable legal planning.
A major focus of Hour 2 is the U.S. economy under Trump, with detailed discussion of historic trade deals with Japan and Indonesia, including a $550 billion investment agreement touted as the largest in history. The hosts analyze the impact of reciprocal tariffs, job creation, and the administration’s broader economic strategy, including a potential trade deal with the EU and a rare balanced federal budget in June.
The show also addresses the housing market crisis, driven by high mortgage rates and frozen inventory. The hosts endorse a bill by Rep. Marjorie Taylor Greene to eliminate capital gains taxes on primary residences, arguing it could unlock housing supply and ease affordability for first-time buyers. They also discuss property tax reform and the broader tax burden on working Americans.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Second hour of Clay and Buck kicks off right now,
and we've got a couple things we're falling. One is
today is the sentencing day for Brian Coberger, who is
convicted of those four horrific murders of those college students
in Idaho and in Moscow, Idaho.
Speaker 2 (00:22):
And that is right now.
Speaker 1 (00:25):
Victim impact statements are being read all out of the
court and we are at the end of that legal process.
He is going to serve four consecutive life sentences. He
did not get the death penalty, which I think for
a lot of people feels like if there's ever somebody
who deserves it, but here we are. So that's that situation.
(00:48):
But if we have anything from that trial, it's been
covered live by a lot of news organizations out there.
We have an eye on that to be sure. We've
also got, oh boy, a whole bunch of emails coming
in on the Russia collusion, Russia collusion accountability situation, right,
(01:09):
President Trump, I mean, we can just go right to this.
This has become now because of some new documents that
have been released by Director of National Intelligence Tulsi Gabbard.
There are people focusing in on this who perhaps haven't
in quite some time. Meanwhile, just to say, you know,
there's some tariff stuff happening we can update you on
(01:31):
as well some good things on the economy, which is,
you know, there's a trade agreement now with Japan, create
a trade agreement with Indonesia. Trump says he just signed
the largest trade deal in history with Japan. So that
looks like a very good deal. Five hundred and fifty
billion dollars will be invested in the United States, which
(01:53):
will receive ninety percent of the profits, hundreds of thousands
of jobs, never been anything like it. Trump's very happy
about that. So there's there's a lot going on, and
I think one challenge Klay when you're covering the Trump
administration and trying to pick what you're focusing on. You've
got many different departments that are making big moves and
(02:13):
that are doing things that are worthy of public attention
and in some cases acclaim here as well, some very
good things that we see happening. So the trade agreements
that have gone through are certainly a good thing. Trump's
also talked about the lawsuits against sixty minutes CBS in
paramount ABC George Stefanopolis. That is something that he spent
(02:36):
some time on. But here we go back to this
makes Watergate look like small potatoes. Victor Davis Hanson, Senior Fellow,
Hoover Institution. They are all caught irrefutable evidence. They should
all go to jail or it will never stop. Nobody
will believe the evidence, which is overwhelming. Make America great again.
That is from Trump's truth social and that is on
(02:57):
his That is just from the last twenty four hours. Clay,
Let's let's we should remind everybody. I don't think we've
played this yesterday. I think it's worth playing today. Just
how dedicated the media was to propagating this, this lie
of Russia collusion back during We played this in the
first hour.
Speaker 2 (03:17):
Oh sorry, we did play in the first hour.
Speaker 1 (03:18):
Sorry we we But we we have been following up
on this one, and we're looking more closely, I think
at the possibility of some kind.
Speaker 2 (03:28):
Of accountability maybe happening.
Speaker 1 (03:31):
But we got a lot of these emails coming in,
like Jeff, he writes, So you're saying that all these
crooks will face no consequences because everybody does bad stuff.
If the parties were reversed and it was a Republican
that did the things Obama and the others did, guarantee
the Democrats would go for jail time, but we Republicans
can't do it.
Speaker 2 (03:48):
This is ridiculous. Love the show otherwise, Jeff, uh.
Speaker 1 (03:53):
We're not saying it's because everybody does bad stuff and
so stuff just happens. And we're not saying we disagree
with you that Democrats are much more willing to go
for the jugular, especially weaponizing the system to go for
the jugular, than Republicans are, or just saying, based on
what's been laid out, it's going to be a challenge
(04:16):
to get any actual consequences for any of the people
involved in Russia collusion.
Speaker 2 (04:21):
That's it.
Speaker 1 (04:22):
This isn't a I'm not saying I don't want them
to be charged. I'm saying it will be difficult to
charge them and even harder to convict them based on
federal law. And I just think that's where this is
because the other side of this, we could say, oh, yeah, Brennan,
you're gonna frog march him out of his house and
he's gonna end up spending years in prison, and people
(04:43):
would say to us in a couple of months, Clay, well,
maybe people just forget that this conversation even happened, but
they'd be saying in a couple of months, why did
you guys say that? Why do you say that there's
going to be justice and there's no justice. We're not
saying that because I don't see it. But I could
be wrong. Anger is not a strategy. So most people
will only play on anger, and that's fine. That is
(05:06):
a strategy that works on social media. I'm mad, and
then you say, Okay, what's your plan? I always say
anger is an emotion. You need a plan that channels
the anger in a rational way. So I step back,
dispassionately and say, as an attorney, okay, what are the
methods by which you could channel this anger into charges
(05:30):
that lead to a significant punishment? Because I think for
most people the strategy should not be anger. Toddlers are angry,
they throw tantrums. Buck You're gonna find out about this
quite a lot. But their tantrums often have no tangible direction.
So I don't want to be a toddler. I don't
want to be just walking around throwing a tantrum. Here's
(05:52):
a tangible action that happened yesterday. Trump ended men competing
in women's sports in the Olympics. Based on his executive order.
They looked at the issue. We don't think men should
be competing in women's sports. They analyzed thanks to the
talented people he has around him, the relevant statutes, the
(06:14):
executive order powers that he had, and he basically ended it.
Now we're still going to have court cases surrounding it,
because anytime the president does anything, somebody challenges it, they
don't like it, and the court cases transpire. But the
reality is men competing in women's sports was ended.
Speaker 2 (06:30):
They found.
Speaker 1 (06:31):
They were angry about it as you are, as many
of us are, and they said, we're going to solve it.
So if you are angry about what you saw, I
look at this because I can make the arguments in
both directions as I think a criminal defense attorney would,
and based on all the documents that I have read,
and I've read a lot of them, what the clear
argument is going to be is, look, there were differing
(06:53):
interpretations about exactly what the impact of Russia's attempt to
influence the twenty sixteen election were. Right, what were the
impacts one hand? Virtually nothing. I think that that's the reality.
I think you can go back and look and say
Russia did not in any way, I don't believe impact
(07:14):
that Trump won in twenty sixteen. I think most of
you probably agree with that. The other is, hey, they
changed election totals. Now, I don't think anybody's arguing that
they hacked and changed election totals. But Democrats are smart.
They used the phrase hacked much like they said fifty
one intelligence agents. Remember the way has all the hallmarks
of Russian disinformation. They know the media are morons and
(07:37):
will carry their water, so they are very strategic in
what they put out there. How quickly did has all
the hallmarks of Russian disinformation for the hunter Biden laptop
get wandered into this is Russian disinformation almost immediately because
they skipped right over the language. Hacked can mean many things.
(07:58):
They did hack Hillary Clinton's emails. By the way, didn't
Russia hack or China hack a lot of Trump's emails
and Trump's team in the twenty twenty four election. You
could speak to this better than anybody. How much of
the time do foreign adversary spend trying to get access
to voicemails to emails like it's all they do?
Speaker 2 (08:20):
Right?
Speaker 1 (08:20):
They hacked if I remember correctly Jade Vance's cell phone
China did, and he even came out and said all
they got were a couple of information messages that were
texts because everything else was on the cloud. And Apple
actually has pretty good protective mechanisms as long as your
phone remains in your possession such that it's hard to
(08:40):
actually see what those text messages are. My point on
this is, I just I think we have laid it out,
and I think there are people out there who are
going to tell you the opposite because they just want
to play on your anger and they're not going to
the next step of how does it happen? I just
I think it's important for the historical record. I think
that everyone should understand what they did, but I think
(09:01):
the odds of them being arrested and charged with crimes
are low. Part of this is because they have a
kangaroo court in their favor. DC is the best possible
venue if you are a Democrat to try to hold
a Republican accountable, because ninety five percent people on any
jury pool are going to be voting Democrat and they
(09:23):
don't like Republicans, and they will hold you accountable. If Washington,
d C were located in in somewhere are like I
don't know, South Alabama, in a rural district. Yeah, the
grand jury would indict Obama. This is forum shopping. There
are lots of places. If I could find the county
that voted ninety ten for Donald Trump, would they indict
(09:46):
Obama on this evidence?
Speaker 2 (09:47):
Yes.
Speaker 1 (09:48):
Obama would then argue it's within presidential powers, and I
think the Supreme Court would come down on his side,
just like they came down on Trump's side. I think
it's gonna be very hard here now leaking classified documents.
I think, based on and all the evidence I've seen,
that's the best case buck.
Speaker 2 (10:02):
How does that go? It's super hard to prove that.
Speaker 1 (10:05):
It's incredibly hard to prove that it really and the
Obama administration went out for people very very aggressively on
that front and and had limited success, to be clear,
So and trying to go after senior.
Speaker 2 (10:18):
Level officials for that stuff is, you know, it can
be a challenge.
Speaker 1 (10:22):
So I don't see that talking to the press about
different things, because they're going to say, yeah, I talked
to the press. A lot of people talk to that
that you know, unless you have a recording of somebody,
or they were dumb enough to put it in text
or email. You're not going to get them. I mean,
that's again, this is just the way it works.
Speaker 2 (10:39):
Right.
Speaker 1 (10:39):
People can be frustrated by it. They can be, but
just having a conversation if you're the CIA director with
the head of the Washington Post, you know, national Security
desk or whatever, that's not gonna get that's not going
to get you a conviction and probably wouldn't get you
a charge.
Speaker 2 (10:54):
So there's there's challenges with this.
Speaker 1 (10:57):
I wish it were not so, and I think that
Trump talking about it is getting everybody on the same
page about just how egregious it was. But I mean,
I've been here's Victor Davis Hanson by I mentioned this,
this is top five play it.
Speaker 3 (11:11):
They wanted Donald Trump's administration to fail, and they wanted
to destroy him career wise, presidential wise, psychologically, they wanted
to destroy him, and so they went through the collusion
false narrative in twenty fifteen and sixteen that failed. They
took a little breath.
Speaker 4 (11:27):
Then they ate up twenty two months and forty million
dollars of his administration to destroy it. Then they took
a little breath and they went into the first impeachment
phony a Zelenski phone call and Venman and the quote
unquote whistleblower. And so this was a three year project
to overturn the will of the American people and to
(11:49):
destroy administration. Mikes Watergate, as people have remarked on, looked
like small potatoes.
Speaker 2 (11:55):
It's all true, it's all correct.
Speaker 1 (11:56):
I just to be clear, I agree with one hundred
percent of what Victor Davis Hanson just said, and I've
agreed with it all along, and I've been saying it
all along. I now, what do we do about it?
Is the question or what's going to be done about it?
Is actually the question we're addressing today. I may be
in the minority here too. This is all very significant.
I think the twenty twenty election rigging was far more
(12:19):
significant than the twenty sixteen allegations, because I don't think
anything in twenty sixteen changed the outcome. I think the
decision to argue the New York Post Hunter Biden laptop
wasn't real. I think the fifty one intelligence agents there,
I think that actually swung the election.
Speaker 2 (12:38):
Right.
Speaker 1 (12:39):
If you told me right now, Clay, what are you
angrier about the fallout of twenty sixteen or what happened
in twenty twenty. By far, I am angrier about twenty twenty.
Now we're going all the way back to twenty sixteen.
But remember the FBI had Hunter Biden's laptop in their possession,
knew it was one hundred percent real, and yet allowed
(13:00):
out the New York Post story to be treated as
if it were Russian disinformation. Now what they were smart about,
and they're smart about the way they see narratives. Man,
they already had put out there Russia wants Trump to win.
So twenty twenty, their protective cloak for anything that was
negative about Biden was what Buck, this is just Russia disinformation.
(13:23):
We're not going to let them hack twenty twenty like
they did twenty sixteen. They are just diabolical, man. Yeah,
And a part of it you have to step back
and just say, Man, the stories they tell and the
narratives they build are so compelling, and they act on them,
and they're nastier, and they're willing to do things frankly
that I think in general Republicans are not. I think
(13:46):
that's the reality. Maybe Trump changes that now that is possible.
Maybe Trump decides the gloves are off. That could happen
hasn't happened yet with this kind of legal let's be honest,
counter lawfare, that's really what we're talking about.
Speaker 2 (14:02):
Counter lawfare. Maybe that changes, we shall see.
Speaker 1 (14:07):
You know, there's more than one name for people who
steal online identities and make money off of them. The
polite name is cyber thieves. Well, the less polite terms
you can think.
Speaker 2 (14:14):
Of what those are. Call them what you will.
Speaker 1 (14:16):
These criminals crack into company databases and create phony identities
with the info they steal. These are the modern day
bank robbers. My friends, cops have a hard time finding them.
A lot of the time they're offshore. It's important to
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(14:38):
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Speaker 3 (15:07):
You don't know what.
Speaker 2 (15:08):
You don't know right, but you could. On the Sunday
Hang with Clay.
Speaker 1 (15:13):
And Buck podcast, Welcome Back in Clay Travis Buck Sexton Show.
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(15:36):
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(15:58):
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(16:22):
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(16:43):
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over ninety k subscribers today. Jerry from New York, wor
he's got a feedback.
Speaker 5 (16:57):
Hey, Clayon Buck, this is Jerry from New York. I
love you guys. You're their best duo since Tangle and Cash. Probably.
Speaker 6 (17:06):
Yeah, I think you guys are looking at this whole
Obama thing and Russia colusion the wrong way. They have
to be brought out in the daylight, whether there's consequences
or not. It's too easy for Democrats to do whatever
they want and know the Republicans will never retaliate.
Speaker 5 (17:20):
Maybe they'll think twice in the future.
Speaker 2 (17:23):
Well, that's what we've agreed. Poitical question. We actually agree
with you.
Speaker 1 (17:26):
We're saying yes, and you need this d and I
Gabbard needs to get this stuff out there. The people
need to know the truth. We're just saying that those
who are claiming that, you know, Barack Obama is going
to go to prison over this or something, and there
are people out there making those kinds of claims, I
think they're very likely to be wrong about that. Those
are different things though, one hundred percent. And look, we're
(17:48):
widely and want this to be widely distributed, all of
it for the historic record. I think it's fabulously important.
But there's a difference between that and somebody being walked
out in handcuffs, and we're trying to analyze that distinct
between political and legal. Your cell phone meant to last
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back into play and Buck. We are about to dive
(18:54):
into the economy. But first, Trusher Ally's birthdays tomorrow, everybody,
so send in some nice birthday Thoughtsducer Alley, our executive producer,
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(19:15):
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Speaker 2 (19:19):
Uh.
Speaker 1 (19:19):
And we also have some good things to talk about
on the economy. Clay, So I was going to do.
Speaker 2 (19:26):
Stock market new record highs.
Speaker 1 (19:28):
As you know, I pretty much check the stock market
constantly during the course of of the day, and we're
at new all time highs because of very positive economic
news out there. I just think it's worth taking a
moment to review some of the Trump economic decisions from
this past six months or so. Trump says we are
(19:51):
getting shafted by the trade deals that we currently have.
Everybody says, I say everybody in votes, but you know
what I mean, the consensus. The consensus, including a lot
of people in the right say oh, no, you can't
do this. It's gonna create trade wars, and there's going
to be a huge shop in the stock market, and
(20:11):
all these terrible things will happen. There's a momentary blip,
if you will, in the stock market drops a bit,
comes back, roaring back, and now it's higher that it's
ever been. And on top of that, you've got some
big trade deals that have gotten done that are going
to affect the economy, are going to do things that
I think will be really beneficial for the American people.
Speaker 2 (20:34):
You know, Trump, there's a lot of talk around.
Speaker 1 (20:37):
Some of these issues of let's say, transparency and fighting
back against the deep state, and that's all very important,
but let's not lose sight of the fact that a
fantastic Trump economy is one of the core promises. You know,
we voted for this, right, we voted for a fantastic economy.
And here you go, here he is announcing this has
cut seventeen. The trade deal that just got done with Japan,
(21:01):
obviously a major economic powerhouse play seventeen.
Speaker 7 (21:05):
They just signed the largest trade deal in history, I
think maybe the largest deal of history with Japan. And
that was done with Japan.
Speaker 2 (21:14):
They had the top.
Speaker 7 (21:15):
People here, and we worked on it long and hard,
and it's a great deal for everybody. I always say
it has to be great for everybody. It's a great deal.
A lot different from the deals in the past, I
can tell you that. But we're doing really well as
the country was strong, we have a lot of money
flowing in. The tariffs are kicked in better than anybody
(21:35):
other than me, and a few of the people in
the room thought it could happen.
Speaker 1 (21:39):
So Clayton, it sets tariffs, reciprocal tariffs at fifteen percent,
five hundred and fifty billion dollars. Japan's going to invest
in the United States auto tariffs on Tokyo fifteen percent.
Like I said, a few other parts of this that
you can look at more specifically, but basically, overall, like
(22:00):
a very good deal. Trump's certainly really excited about it,
and I think it could have some positive impact on
the economy. In addition to this, one of the things
that the consensus kept saying was it's going to raise
your prices. And here's Scott Bessant, he was on MSNBC
this morning. Is that where this clip is from Gus
Because I was actually watching this in real time I think,
(22:22):
did I just out that I was watching some Morning
Joe this morning?
Speaker 2 (22:24):
I think I would.
Speaker 1 (22:26):
I think I just let that slip on the air.
I was, I was, I'm sorry, it happens. It's a habit.
It's hard to break that habit. Here it is nineteen
play Scott Bessant.
Speaker 8 (22:36):
Who pays the terriffts is a choice, And what we've
seen thus far is that the manufacturers are eating a
substantial portion of the tariff and taking it into their
profit margins. So you might see, for instance, Toyota hasn't
raised prices and they may choose to go for market
(22:58):
share rather than raising prices.
Speaker 2 (23:02):
Clay, all these things that a lot of people said
that Trump was wrong on doesn't look wrong yet.
Speaker 1 (23:09):
Also reports that we're close to a trade deal with
the EU that would be very favorable to the United
States as well. I think one of the great stories
that just kind of slid under the radar was that
we actually had one of the first balanced budgets in
years in June, the month that just passed, and we're
(23:30):
on track to bring in hundreds of billions of dollars
in tariffs, and right now there appears to be zero
significant inflationary pressure related to it, and I saw a
story this morning. Let me give you, let me give
a positive shout out again. Marjorie Taylor Green not gonna
(23:50):
agree with everybody on everything, but she has introduced a
bill and team in New York. Make sure that I'm
getting this one hundred percent correct that would eliminate capital
gains axes on the sell of your primary residence. One
of the big challenges that the Trump team has recognized
is the housing market is completely frozen in many respects
(24:11):
because Biden's economic stewardship took us from two and a
half three percent mortgages almost overnight to seven percent, a
rapid raise the likes of which we haven't seen in
a very long time. And I come back to it
all the time because I think it's foundational in the
economy right now that until rates back up to around
five percent, a lot of you out there, in fact,
(24:33):
you can flood my mentions right now, and let me know,
if you bought a home and you have a two
and a half percent mortgage rate out there, you're never
going to give it up, even if you've added kids,
even if your kids have gone away to college, because
in order to sell your home, you have to pay
capital gains tax and you would have to trade in
potentially one low rate mortgage for a seven percent mortgage.
(24:56):
And Marjorie Taylor Green, I think this is a really
good idea. They're talking about eliminating capital gains taxes on
your primary residence. Let me give another shout out. Ron
DeSantis is asking a question that I think is a
really good question. Why should you have to pay property
taxes every year when you buy a home. It's a
lot of our taxes are just embedded and nobody goes
(25:17):
back and ever looks at them and says, boy, does
that really make sense? I mentioned yesterday on the program
I do this show Monday to Friday. The government gets
every dollar I make Monday and Tuesday. I work for
the United States government on Monday and Tuesday every day
on this program. They get every dollar that I make.
And a lot of you out there, whatever you do
(25:38):
for a living, the government gets every dollar that you
make on Monday and Tuesday too. Does that make sense?
Speaker 2 (25:44):
Like that?
Speaker 1 (25:45):
That's a lot I'm working really hard for the federal
government out there to take all the money that I
make on Monday and Tuesday, all year round the rest
of my life. And a lot of you are paying
fourteen percent state income taxes in California or New York
or Illinois, and a lot of you are paying huge
property tax bills such that over half of your money
(26:07):
goes to the government every year. I think we need
to be dialing that back. The Trump tax cuts are helping,
but we've also embedded a huge percentage of this. And
if we could take away the capital gains tax on homes,
I think it would help to free the housing market
and make that more lubricated, easier to trade. There are
some challenges in the housing market, and specifically homeownership and
(26:28):
first time homeowners and the barriers to homes to buying homes.
Four hundred and thirty five thousand dollars, according to the
Wall Street Journal, is the national median existing home price
four hundred and thirty five thousand dollars. Now, if you
(26:48):
look at the average household income, which I think in
the US is was like six sixty I think it's
up to like seventy seventy seven. I mean, again, household
how you define it, but it average household is about
seventy seventy five K.
Speaker 2 (27:03):
I think now.
Speaker 1 (27:03):
But you look at seventy let's say, let's say seventy
ish thousand dollars a year average household income, and you
look at a four hundred and thirty five thousand in
our medium price house with a interest rate of close
to seven six six point six or something six point eight,
depends on your credit score obviously, and all that, it's
really tough to buy a home. It's really tough for
(27:25):
the average American right now to buy an for the
average American family to buy an average priced American home
is a big challenge. Stephen Moore, well known economist Wall
Street journal guy, friend of the Trump administration, he said
something about this that I think is getting some attention.
He's saying that there are a lot of boomers sitting
on very expensive housing that they should sell. I'm just
(27:48):
telling you what Steven Moore is saying is cut eighteen
eighteen play it.
Speaker 9 (27:51):
The one thing probably everybody at this table can agree
on is we do have a housing problem in this country,
and we need you know, especially for people like I
have two so that are in their early thirties, that's
about the time when people start talking about buying a house.
Speaker 2 (28:04):
They can't afford a house.
Speaker 9 (28:06):
Right now, housing is so expensive, so this is one
way you could maybe make housing more affordable, encourage older
people to sell out. By the way, what I would
do is I would index capital gains for inflation. Somebody
who bought a house in the seventies for one hundred thousand,
that house is probably worth what five hundred thousand dollars
today and most of that gain was just due to inflation.
(28:26):
So we want to encourage people to sell their homes
as they get older and free up housing for younger people.
Speaker 1 (28:33):
Okay, this is important, and I know it sounds like
we're going into some nerd talk here when it comes
to the economy, But I think Trump gets this. Housing
costs matters to everybody. I think Clay, I think everyone
sees this as a big challenge, a big concern if
you can. He said, index capital gains when you sell
your home. A lot of people because this is the reality,
(28:55):
and I'm sure some of you have thought through this.
He mentioned, you buy a home in the nineteen seventies
for one hundred k. Let's say that house is worth
seven hundred k. Now, which is not crazy. You would
owe capital gains tax if you sold it on some
of that.
Speaker 2 (29:08):
Income in the middle.
Speaker 1 (29:09):
I think there's a five hundred thousand dollars wipeout, right.
But so if you die, your heirs take the home
at the value that it is on that day. So
instead of having to pay capital gains tax, they take
it at Let's say that one hundred thousand dollars house
now worth seven hundred k. Your heirs take it at
(29:29):
seven hundred k. Well, you out there living in that
house might have thought, hey, you know what, it's time
to sell. But I don't want to have to give
the government capital gains tax on this. We should wipe
out capital gains on primary residents.
Speaker 2 (29:44):
I think it.
Speaker 1 (29:44):
Would drastically improve the overall housing market. I think that
people would buy and sell homes at more freely, and
I think it's a no brainer. I give credit to
Marjorie Taylor Green. I think it would help a lot
of people. And by the way, we also need to
get mortgage rates back down to around five percent. I
(30:05):
was looking at my mentions right after I said that,
a bunch of you reached out, sent me messages, hopped
in and said, Clay, you just nailed me. I got
a two and a half percent mortgage. I just had
another kid. Hey, my kid just left for college. Your
family circumstances changed. I need to be in a new
school district. I can't afford to sell my home potentially
pay capital gains tax on it and take on a
(30:26):
seven percent mortgage. It's broken the housing market. The best
thing we can do for the economy is fix it.
This is where Trump is right about the Jerome Powell.
We need to bring back down rates and start to
balance out that crazy increase that we saw from around
two and a half percent to seven.
Speaker 2 (30:44):
Or the other option is to.
Speaker 1 (30:47):
I'm actually in favor of this in a lot of ways,
especially in a lot of cities or in an expensive
suburbs around cities, you go for multi generational housing setup
where if you have the space, you know, you get
the grandparents living with the parents living with the kids,
or you know, if you can. It depends on how
much base we're talking about here. That's very common in
some places in Europe now. Europe is far less wealthy
(31:08):
per capita than America is, which I think people often
forget about. Their fancy baguettes and espressos do not make
up for the fact that Americans are far wealthier on
average than all you really, all major European countries. I
should say, you know, if you have these players don't
have air conditioning. This was an article in the Wall
Street Journal this morning that how hot it is they
don't even have air conditioning. Yeah, well, now did you
(31:30):
see there's they're trying to say. It's something about there's
a like a thermal shock, but cold shock from air
conditioning is bad for you.
Speaker 2 (31:37):
They're trying to say, yeah, fifteen different. I'm like, we
don't even want your stupid air conditioning. Not necessary for us.
Speaker 1 (31:44):
No, no, no, Jacques, I'm sorry, you want the air conditioning?
My man, take the beret off. Let the air conditioning flow.
I don't hear very many Southerners who say, you know what,
it's one hundred degrees outside in July and August. You
know what I'd really like, I'd like to feel it
inside of my home. No, I'll take the I'll take
the air conditioning. I would argue air conditioning. Where does
(32:06):
air is a good question? Is the fun debate You're
about to go off on vacation. We could save this sometime.
Where does air conditioning rank on greatest inventions of all time?
Just in terms of improving the overall quality of life.
You wouldn't live in Miami if air conditioning didn't exist,
zero percent chance, zero change. Well, this is why it wasn't.
Miami wasn't a year round town until pretty recently. Yes, right,
(32:31):
I mean it's kind of really post World War Two.
Before that, it was a place where people would go,
uh in the winter time. South, the whole South was
revolutionized by air conditioning because otherwise it was too brutal.
I know, everybody's like climate change, climate change. Yeah, talk
to your my parents, talk about how hot it was
in the summer and you have to sleep outside in Tennessee.
Speaker 2 (32:49):
You know it was. It didn't cool off very much.
Speaker 1 (32:53):
Trump administration is working hard to make our economy grow.
We're just talking about it. Great things are happening, but
you still have to make the right choice. Is for
you as an individual and your wealth and your family
and the hard earned dollars that you are accumulating. Is
where gold comes in. Gold just makes sense. Look at
gold up forty percent in the past year, and you
just check that for yourself. Look at gold over the
(33:15):
last ten years. You'll notice something, right, Gold maintains value
and grows in value historically over time. With thirty seven
trillion dollars a debt still accumulating, guess what you're gonna
have inflation. It's going to eat away at your savings.
A portion of what you have in gold just makes sense.
And here's another idea for you. You can convert an existing
IRA or four oh one k into a tax sheltered
(33:37):
IRA in physical gold. Birch Gold Group is the company
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Take control of your savings today. Text the word Buck
to ninety eight ninety eight ninety eight. News and politics,
(34:03):
but also a little comic relief.
Speaker 2 (34:05):
Clay Travis and Buck Sexton.
Speaker 1 (34:07):
Find them on the free iHeartRadio app or wherever you
get your podcasts. Welcome back in Clay Travis Buck Sexton Show.
I appreciate all of you hanging out with us. We've
got so many different feedbacks, talkbacks rolling in. Want to
encourage you go subscribe to the Clay and Buck podcast.
So you know, certainly the podcast, but now YouTube. It's
(34:31):
crazy more people watch video of podcasts than actually listen
to podcasts. Now, the stat like kind of blew me away.
I was reading about it and I said, well, man,
we need to be on top of this. So we
want to take this Clay and Buck show the YouTube channel,
take me to ninety k. Today we're at eighty eight
thousand subscribers. I sound like an auctioneer. Buck is going
(34:51):
to leave for Thursday and Friday. I want to hit
one hundred thousand next week.
Speaker 2 (34:57):
But before he.
Speaker 1 (34:58):
Leaves to go celebrate with his the birthday, I want
us to hit ninety thousand subscribers.
Speaker 2 (35:04):
You can do it.
Speaker 1 (35:05):
All you have to do is go to YouTube YouTube
dot com type and Clay Travis, type in Buck Sexton,
click subscribe. We're going to be responding to questions that
you guys post in there in news coburger. This awful
killer of four innocent college kids has declined to address
(35:26):
the courtroom as part of his guilty plea that will
avoid a death penalty. Here is cut thirty, just giving
you a sense of what it sounded like in that Boise,
Idaho courtroom. Listen, truth be told.
Speaker 10 (35:39):
Able to come up with anything redeeming about mister Coberger
because his grotesque acts of evil have buried and hidden
anything that might have been good ortrinsically human about him.
His actions have made him the worst of the worst.
Even in pleading guilty, he's giving nothing hinting of remorse
or redemption, nothing suggesting even a record or understanding, let
(36:01):
alone regret for the pain that he has caused. And
therefore I will not attempt to speak about him further
other than to simply sentence him so that he is
forever removed from civilized society.
Speaker 1 (36:13):
We'll talk about this maybe a little bit in the
third hour, because I think the decision to allow him
to plead guilty and avoid the death penalty might make sense.
I don't agree with the decision to not require him
to explain in full detail why he did what he
did and tell the family so they can have some
(36:33):
form of peace exactly what went down. I don't understand
that aspect of it. But Buck, when we come also
do the view saying the Constitution is in trouble because
Colbert got fired. Because you know, less intense stuff too yeah,
Rand Paul next
Second hour of Clay and Buck kicks off right now,
and we've got a couple things we're falling. One is
today is the sentencing day for Brian Coberger, who is
convicted of those four horrific murders of those college students
in Idaho and in Moscow, Idaho.
Speaker 2 (00:22):
And that is right now.
Speaker 1 (00:25):
Victim impact statements are being read all out of the
court and we are at the end of that legal process.
He is going to serve four consecutive life sentences. He
did not get the death penalty, which I think for
a lot of people feels like if there's ever somebody
who deserves it, but here we are. So that's that situation.
(00:48):
But if we have anything from that trial, it's been
covered live by a lot of news organizations out there.
We have an eye on that to be sure. We've
also got, oh boy, a whole bunch of emails coming
in on the Russia collusion, Russia collusion accountability situation, right,
(01:09):
President Trump, I mean, we can just go right to this.
This has become now because of some new documents that
have been released by Director of National Intelligence Tulsi Gabbard.
There are people focusing in on this who perhaps haven't
in quite some time. Meanwhile, just to say, you know,
there's some tariff stuff happening we can update you on
(01:31):
as well some good things on the economy, which is,
you know, there's a trade agreement now with Japan, create
a trade agreement with Indonesia. Trump says he just signed
the largest trade deal in history with Japan. So that
looks like a very good deal. Five hundred and fifty
billion dollars will be invested in the United States, which
(01:53):
will receive ninety percent of the profits, hundreds of thousands
of jobs, never been anything like it. Trump's very happy
about that. So there's there's a lot going on, and
I think one challenge Klay when you're covering the Trump
administration and trying to pick what you're focusing on. You've
got many different departments that are making big moves and
(02:13):
that are doing things that are worthy of public attention
and in some cases acclaim here as well, some very
good things that we see happening. So the trade agreements
that have gone through are certainly a good thing. Trump's
also talked about the lawsuits against sixty minutes CBS in
paramount ABC George Stefanopolis. That is something that he spent
(02:36):
some time on. But here we go back to this
makes Watergate look like small potatoes. Victor Davis Hanson, Senior Fellow,
Hoover Institution. They are all caught irrefutable evidence. They should
all go to jail or it will never stop. Nobody
will believe the evidence, which is overwhelming. Make America great again.
That is from Trump's truth social and that is on
(02:57):
his That is just from the last twenty four hours. Clay,
Let's let's we should remind everybody. I don't think we've
played this yesterday. I think it's worth playing today. Just
how dedicated the media was to propagating this, this lie
of Russia collusion back during We played this in the
first hour.
Speaker 2 (03:17):
Oh sorry, we did play in the first hour.
Speaker 1 (03:18):
Sorry we we But we we have been following up
on this one, and we're looking more closely, I think
at the possibility of some kind.
Speaker 2 (03:28):
Of accountability maybe happening.
Speaker 1 (03:31):
But we got a lot of these emails coming in,
like Jeff, he writes, So you're saying that all these
crooks will face no consequences because everybody does bad stuff.
If the parties were reversed and it was a Republican
that did the things Obama and the others did, guarantee
the Democrats would go for jail time, but we Republicans
can't do it.
Speaker 2 (03:48):
This is ridiculous. Love the show otherwise, Jeff, uh.
Speaker 1 (03:53):
We're not saying it's because everybody does bad stuff and
so stuff just happens. And we're not saying we disagree
with you that Democrats are much more willing to go
for the jugular, especially weaponizing the system to go for
the jugular, than Republicans are, or just saying, based on
what's been laid out, it's going to be a challenge
(04:16):
to get any actual consequences for any of the people
involved in Russia collusion.
Speaker 2 (04:21):
That's it.
Speaker 1 (04:22):
This isn't a I'm not saying I don't want them
to be charged. I'm saying it will be difficult to
charge them and even harder to convict them based on
federal law. And I just think that's where this is
because the other side of this, we could say, oh, yeah, Brennan,
you're gonna frog march him out of his house and
he's gonna end up spending years in prison, and people
(04:43):
would say to us in a couple of months, Clay, well,
maybe people just forget that this conversation even happened, but
they'd be saying in a couple of months, why did
you guys say that? Why do you say that there's
going to be justice and there's no justice. We're not
saying that because I don't see it. But I could
be wrong. Anger is not a strategy. So most people
will only play on anger, and that's fine. That is
(05:06):
a strategy that works on social media. I'm mad, and
then you say, Okay, what's your plan? I always say
anger is an emotion. You need a plan that channels
the anger in a rational way. So I step back,
dispassionately and say, as an attorney, okay, what are the
methods by which you could channel this anger into charges
(05:30):
that lead to a significant punishment? Because I think for
most people the strategy should not be anger. Toddlers are angry,
they throw tantrums. Buck You're gonna find out about this
quite a lot. But their tantrums often have no tangible direction.
So I don't want to be a toddler. I don't
want to be just walking around throwing a tantrum. Here's
(05:52):
a tangible action that happened yesterday. Trump ended men competing
in women's sports in the Olympics. Based on his executive order.
They looked at the issue. We don't think men should
be competing in women's sports. They analyzed thanks to the
talented people he has around him, the relevant statutes, the
(06:14):
executive order powers that he had, and he basically ended it.
Now we're still going to have court cases surrounding it,
because anytime the president does anything, somebody challenges it, they
don't like it, and the court cases transpire. But the
reality is men competing in women's sports was ended.
Speaker 2 (06:30):
They found.
Speaker 1 (06:31):
They were angry about it as you are, as many
of us are, and they said, we're going to solve it.
So if you are angry about what you saw, I
look at this because I can make the arguments in
both directions as I think a criminal defense attorney would,
and based on all the documents that I have read,
and I've read a lot of them, what the clear
argument is going to be is, look, there were differing
(06:53):
interpretations about exactly what the impact of Russia's attempt to
influence the twenty sixteen election were. Right, what were the
impacts one hand? Virtually nothing. I think that that's the reality.
I think you can go back and look and say
Russia did not in any way, I don't believe impact
(07:14):
that Trump won in twenty sixteen. I think most of
you probably agree with that. The other is, hey, they
changed election totals. Now, I don't think anybody's arguing that
they hacked and changed election totals. But Democrats are smart.
They used the phrase hacked much like they said fifty
one intelligence agents. Remember the way has all the hallmarks
of Russian disinformation. They know the media are morons and
(07:37):
will carry their water, so they are very strategic in
what they put out there. How quickly did has all
the hallmarks of Russian disinformation for the hunter Biden laptop
get wandered into this is Russian disinformation almost immediately because
they skipped right over the language. Hacked can mean many things.
(07:58):
They did hack Hillary Clinton's emails. By the way, didn't
Russia hack or China hack a lot of Trump's emails
and Trump's team in the twenty twenty four election. You
could speak to this better than anybody. How much of
the time do foreign adversary spend trying to get access
to voicemails to emails like it's all they do?
Speaker 2 (08:20):
Right?
Speaker 1 (08:20):
They hacked if I remember correctly Jade Vance's cell phone
China did, and he even came out and said all
they got were a couple of information messages that were
texts because everything else was on the cloud. And Apple
actually has pretty good protective mechanisms as long as your
phone remains in your possession such that it's hard to
(08:40):
actually see what those text messages are. My point on
this is, I just I think we have laid it out,
and I think there are people out there who are
going to tell you the opposite because they just want
to play on your anger and they're not going to
the next step of how does it happen? I just
I think it's important for the historical record. I think
that everyone should understand what they did, but I think
(09:01):
the odds of them being arrested and charged with crimes
are low. Part of this is because they have a
kangaroo court in their favor. DC is the best possible
venue if you are a Democrat to try to hold
a Republican accountable, because ninety five percent people on any
jury pool are going to be voting Democrat and they
(09:23):
don't like Republicans, and they will hold you accountable. If Washington,
d C were located in in somewhere are like I
don't know, South Alabama, in a rural district. Yeah, the
grand jury would indict Obama. This is forum shopping. There
are lots of places. If I could find the county
that voted ninety ten for Donald Trump, would they indict
(09:46):
Obama on this evidence?
Speaker 2 (09:47):
Yes.
Speaker 1 (09:48):
Obama would then argue it's within presidential powers, and I
think the Supreme Court would come down on his side,
just like they came down on Trump's side. I think
it's gonna be very hard here now leaking classified documents.
I think, based on and all the evidence I've seen,
that's the best case buck.
Speaker 2 (10:02):
How does that go? It's super hard to prove that.
Speaker 1 (10:05):
It's incredibly hard to prove that it really and the
Obama administration went out for people very very aggressively on
that front and and had limited success, to be clear,
So and trying to go after senior.
Speaker 2 (10:18):
Level officials for that stuff is, you know, it can
be a challenge.
Speaker 1 (10:22):
So I don't see that talking to the press about
different things, because they're going to say, yeah, I talked
to the press. A lot of people talk to that
that you know, unless you have a recording of somebody,
or they were dumb enough to put it in text
or email. You're not going to get them. I mean,
that's again, this is just the way it works.
Speaker 2 (10:39):
Right.
Speaker 1 (10:39):
People can be frustrated by it. They can be, but
just having a conversation if you're the CIA director with
the head of the Washington Post, you know, national Security
desk or whatever, that's not gonna get that's not going
to get you a conviction and probably wouldn't get you
a charge.
Speaker 2 (10:54):
So there's there's challenges with this.
Speaker 1 (10:57):
I wish it were not so, and I think that
Trump talking about it is getting everybody on the same
page about just how egregious it was. But I mean,
I've been here's Victor Davis Hanson by I mentioned this,
this is top five play it.
Speaker 3 (11:11):
They wanted Donald Trump's administration to fail, and they wanted
to destroy him career wise, presidential wise, psychologically, they wanted
to destroy him, and so they went through the collusion
false narrative in twenty fifteen and sixteen that failed. They
took a little breath.
Speaker 4 (11:27):
Then they ate up twenty two months and forty million
dollars of his administration to destroy it. Then they took
a little breath and they went into the first impeachment
phony a Zelenski phone call and Venman and the quote
unquote whistleblower. And so this was a three year project
to overturn the will of the American people and to
(11:49):
destroy administration. Mikes Watergate, as people have remarked on, looked
like small potatoes.
Speaker 2 (11:55):
It's all true, it's all correct.
Speaker 1 (11:56):
I just to be clear, I agree with one hundred
percent of what Victor Davis Hanson just said, and I've
agreed with it all along, and I've been saying it
all along. I now, what do we do about it?
Is the question or what's going to be done about it?
Is actually the question we're addressing today. I may be
in the minority here too. This is all very significant.
I think the twenty twenty election rigging was far more
(12:19):
significant than the twenty sixteen allegations, because I don't think
anything in twenty sixteen changed the outcome. I think the
decision to argue the New York Post Hunter Biden laptop
wasn't real. I think the fifty one intelligence agents there,
I think that actually swung the election.
Speaker 2 (12:38):
Right.
Speaker 1 (12:39):
If you told me right now, Clay, what are you
angrier about the fallout of twenty sixteen or what happened
in twenty twenty. By far, I am angrier about twenty twenty.
Now we're going all the way back to twenty sixteen.
But remember the FBI had Hunter Biden's laptop in their possession,
knew it was one hundred percent real, and yet allowed
(13:00):
out the New York Post story to be treated as
if it were Russian disinformation. Now what they were smart about,
and they're smart about the way they see narratives. Man,
they already had put out there Russia wants Trump to win.
So twenty twenty, their protective cloak for anything that was
negative about Biden was what Buck, this is just Russia disinformation.
(13:23):
We're not going to let them hack twenty twenty like
they did twenty sixteen. They are just diabolical, man. Yeah,
And a part of it you have to step back
and just say, Man, the stories they tell and the
narratives they build are so compelling, and they act on them,
and they're nastier, and they're willing to do things frankly
that I think in general Republicans are not. I think
(13:46):
that's the reality. Maybe Trump changes that now that is possible.
Maybe Trump decides the gloves are off. That could happen
hasn't happened yet with this kind of legal let's be honest,
counter lawfare, that's really what we're talking about.
Speaker 2 (14:02):
Counter lawfare. Maybe that changes, we shall see.
Speaker 1 (14:07):
You know, there's more than one name for people who
steal online identities and make money off of them. The
polite name is cyber thieves. Well, the less polite terms
you can think.
Speaker 2 (14:14):
Of what those are. Call them what you will.
Speaker 1 (14:16):
These criminals crack into company databases and create phony identities
with the info they steal. These are the modern day
bank robbers. My friends, cops have a hard time finding them.
A lot of the time they're offshore. It's important to
understand how cybercrime and identity theft are affecting all of
our lives, and you need to protect yourself with LifeLock.
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(14:38):
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(14:59):
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Speaker 3 (15:07):
You don't know what.
Speaker 2 (15:08):
You don't know right, but you could. On the Sunday
Hang with Clay.
Speaker 1 (15:13):
And Buck podcast, Welcome Back in Clay Travis Buck Sexton Show.
I love you all for what you are doing for
the YouTube page of the show many reasons. Not just
because of what you're doing for the YouTube page of
the show, but you guys have been signing up in
the thousands. We want to get this thing over one
hundred thousand subscribers on YouTube. Soon we will be able
(15:36):
to put up all three hours of the show and
you will be able to watch at your heart's content.
I'm assuming we'll probably break it down by hour, but
you'll be able to watch the show in addition to
listening on the five hundred and fifty five stations nationwide,
which we love, and all of you who listen audio podcast,
including my wife who listens at one and a half
or two speed so that she can get through our
(15:58):
show faster. And I know a lot of you out
there do that as well. I'm not a huge podcast guy,
but I've heard that you can speed up the shows,
get through them even faster. Here all the topics of conversations.
But we are at eighty seven thousand subscribers. Thousands of
you signed up yesterday. Can you take us over ninety
thousand today? Over ninety thousand today on the Clay and
(16:22):
Buck Show. We are posting links again, kids, grandkids out
there if you hear a topic on this show. Like yesterday,
we talked with Sargent Mattingley from Louisville about the Breonna
Taylor case. That's up on YouTube. It's out there for
everybody to be able to see, easy to share. Just
happy to be listening as we talked about the grace,
which is pretty amazing. No, that was fantastic. So that's
(16:43):
up from yesterday. Every day, different clips going up. You
can share and we would like for you to go subscribe.
Search out Clay Travis, search out Buck Sexton. Take us
over ninety k subscribers today. Jerry from New York, wor
he's got a feedback.
Speaker 5 (16:57):
Hey, Clayon Buck, this is Jerry from New York. I
love you guys. You're their best duo since Tangle and Cash. Probably.
Speaker 6 (17:06):
Yeah, I think you guys are looking at this whole
Obama thing and Russia colusion the wrong way. They have
to be brought out in the daylight, whether there's consequences
or not. It's too easy for Democrats to do whatever
they want and know the Republicans will never retaliate.
Speaker 5 (17:20):
Maybe they'll think twice in the future.
Speaker 2 (17:23):
Well, that's what we've agreed. Poitical question. We actually agree
with you.
Speaker 1 (17:26):
We're saying yes, and you need this d and I
Gabbard needs to get this stuff out there. The people
need to know the truth. We're just saying that those
who are claiming that, you know, Barack Obama is going
to go to prison over this or something, and there
are people out there making those kinds of claims, I
think they're very likely to be wrong about that. Those
are different things though, one hundred percent. And look, we're
(17:48):
widely and want this to be widely distributed, all of
it for the historic record. I think it's fabulously important.
But there's a difference between that and somebody being walked
out in handcuffs, and we're trying to analyze that distinct
between political and legal. Your cell phone meant to last
for years, not forever, and how about time to change.
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They win by hiring more Americans, helping veterans out make
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and fourteen year old. You can as well dial pound
two five zero say the keywords Clay and Buck to
get your free phone today. That's pound two five zero
say Clay and Buck for Pure Talk. Hi, right, welcome
back into play and Buck. We are about to dive
(18:54):
into the economy. But first, Trusher Ally's birthdays tomorrow, everybody,
so send in some nice birthday Thoughtsducer Alley, our executive producer,
keeps all the Clay and Buck trains running on time,
keeps the boys on the keeps the boys on the
on the track, make sure we don't get you crazy,
make sure the guests are calling in when they're supposed
to do, and all the other things. So happy early
(19:15):
birth I won't be here tomorrow, so I want to
say it happy early birthday at Producer Alley.
Speaker 2 (19:19):
Uh.
Speaker 1 (19:19):
And we also have some good things to talk about
on the economy. Clay, So I was going to do.
Speaker 2 (19:26):
Stock market new record highs.
Speaker 1 (19:28):
As you know, I pretty much check the stock market
constantly during the course of of the day, and we're
at new all time highs because of very positive economic
news out there. I just think it's worth taking a
moment to review some of the Trump economic decisions from
this past six months or so. Trump says we are
(19:51):
getting shafted by the trade deals that we currently have.
Everybody says, I say everybody in votes, but you know
what I mean, the consensus. The consensus, including a lot
of people in the right say oh, no, you can't
do this. It's gonna create trade wars, and there's going
to be a huge shop in the stock market, and
(20:11):
all these terrible things will happen. There's a momentary blip,
if you will, in the stock market drops a bit,
comes back, roaring back, and now it's higher that it's
ever been. And on top of that, you've got some
big trade deals that have gotten done that are going
to affect the economy, are going to do things that
I think will be really beneficial for the American people.
Speaker 2 (20:34):
You know, Trump, there's a lot of talk around.
Speaker 1 (20:37):
Some of these issues of let's say, transparency and fighting
back against the deep state, and that's all very important,
but let's not lose sight of the fact that a
fantastic Trump economy is one of the core promises. You know,
we voted for this, right, we voted for a fantastic economy.
And here you go, here he is announcing this has
cut seventeen. The trade deal that just got done with Japan,
(21:01):
obviously a major economic powerhouse play seventeen.
Speaker 7 (21:05):
They just signed the largest trade deal in history, I
think maybe the largest deal of history with Japan. And
that was done with Japan.
Speaker 2 (21:14):
They had the top.
Speaker 7 (21:15):
People here, and we worked on it long and hard,
and it's a great deal for everybody. I always say
it has to be great for everybody. It's a great deal.
A lot different from the deals in the past, I
can tell you that. But we're doing really well as
the country was strong, we have a lot of money
flowing in. The tariffs are kicked in better than anybody
(21:35):
other than me, and a few of the people in
the room thought it could happen.
Speaker 1 (21:39):
So Clayton, it sets tariffs, reciprocal tariffs at fifteen percent,
five hundred and fifty billion dollars. Japan's going to invest
in the United States auto tariffs on Tokyo fifteen percent.
Like I said, a few other parts of this that
you can look at more specifically, but basically, overall, like
(22:00):
a very good deal. Trump's certainly really excited about it,
and I think it could have some positive impact on
the economy. In addition to this, one of the things
that the consensus kept saying was it's going to raise
your prices. And here's Scott Bessant, he was on MSNBC
this morning. Is that where this clip is from Gus
Because I was actually watching this in real time I think,
(22:22):
did I just out that I was watching some Morning
Joe this morning?
Speaker 2 (22:24):
I think I would.
Speaker 1 (22:26):
I think I just let that slip on the air.
I was, I was, I'm sorry, it happens. It's a habit.
It's hard to break that habit. Here it is nineteen
play Scott Bessant.
Speaker 8 (22:36):
Who pays the terriffts is a choice, And what we've
seen thus far is that the manufacturers are eating a
substantial portion of the tariff and taking it into their
profit margins. So you might see, for instance, Toyota hasn't
raised prices and they may choose to go for market
(22:58):
share rather than raising prices.
Speaker 2 (23:02):
Clay, all these things that a lot of people said
that Trump was wrong on doesn't look wrong yet.
Speaker 1 (23:09):
Also reports that we're close to a trade deal with
the EU that would be very favorable to the United
States as well. I think one of the great stories
that just kind of slid under the radar was that
we actually had one of the first balanced budgets in
years in June, the month that just passed, and we're
(23:30):
on track to bring in hundreds of billions of dollars
in tariffs, and right now there appears to be zero
significant inflationary pressure related to it, and I saw a
story this morning. Let me give you, let me give
a positive shout out again. Marjorie Taylor Green not gonna
(23:50):
agree with everybody on everything, but she has introduced a
bill and team in New York. Make sure that I'm
getting this one hundred percent correct that would eliminate capital
gains axes on the sell of your primary residence. One
of the big challenges that the Trump team has recognized
is the housing market is completely frozen in many respects
(24:11):
because Biden's economic stewardship took us from two and a
half three percent mortgages almost overnight to seven percent, a
rapid raise the likes of which we haven't seen in
a very long time. And I come back to it
all the time because I think it's foundational in the
economy right now that until rates back up to around
five percent, a lot of you out there, in fact,
(24:33):
you can flood my mentions right now, and let me know,
if you bought a home and you have a two
and a half percent mortgage rate out there, you're never
going to give it up, even if you've added kids,
even if your kids have gone away to college, because
in order to sell your home, you have to pay
capital gains tax and you would have to trade in
potentially one low rate mortgage for a seven percent mortgage.
(24:56):
And Marjorie Taylor Green, I think this is a really
good idea. They're talking about eliminating capital gains taxes on
your primary residence. Let me give another shout out. Ron
DeSantis is asking a question that I think is a
really good question. Why should you have to pay property
taxes every year when you buy a home. It's a
lot of our taxes are just embedded and nobody goes
(25:17):
back and ever looks at them and says, boy, does
that really make sense? I mentioned yesterday on the program
I do this show Monday to Friday. The government gets
every dollar I make Monday and Tuesday. I work for
the United States government on Monday and Tuesday every day
on this program. They get every dollar that I make.
And a lot of you out there, whatever you do
(25:38):
for a living, the government gets every dollar that you
make on Monday and Tuesday too. Does that make sense?
Speaker 2 (25:44):
Like that?
Speaker 1 (25:45):
That's a lot I'm working really hard for the federal
government out there to take all the money that I
make on Monday and Tuesday, all year round the rest
of my life. And a lot of you are paying
fourteen percent state income taxes in California or New York
or Illinois, and a lot of you are paying huge
property tax bills such that over half of your money
(26:07):
goes to the government every year. I think we need
to be dialing that back. The Trump tax cuts are helping,
but we've also embedded a huge percentage of this. And
if we could take away the capital gains tax on homes,
I think it would help to free the housing market
and make that more lubricated, easier to trade. There are
some challenges in the housing market, and specifically homeownership and
(26:28):
first time homeowners and the barriers to homes to buying homes.
Four hundred and thirty five thousand dollars, according to the
Wall Street Journal, is the national median existing home price
four hundred and thirty five thousand dollars. Now, if you
(26:48):
look at the average household income, which I think in
the US is was like six sixty I think it's
up to like seventy seventy seven. I mean, again, household
how you define it, but it average household is about
seventy seventy five K.
Speaker 2 (27:03):
I think now.
Speaker 1 (27:03):
But you look at seventy let's say, let's say seventy
ish thousand dollars a year average household income, and you
look at a four hundred and thirty five thousand in
our medium price house with a interest rate of close
to seven six six point six or something six point eight,
depends on your credit score obviously, and all that, it's
really tough to buy a home. It's really tough for
(27:25):
the average American right now to buy an for the
average American family to buy an average priced American home
is a big challenge. Stephen Moore, well known economist Wall
Street journal guy, friend of the Trump administration, he said
something about this that I think is getting some attention.
He's saying that there are a lot of boomers sitting
on very expensive housing that they should sell. I'm just
(27:48):
telling you what Steven Moore is saying is cut eighteen
eighteen play it.
Speaker 9 (27:51):
The one thing probably everybody at this table can agree
on is we do have a housing problem in this country,
and we need you know, especially for people like I
have two so that are in their early thirties, that's
about the time when people start talking about buying a house.
Speaker 2 (28:04):
They can't afford a house.
Speaker 9 (28:06):
Right now, housing is so expensive, so this is one
way you could maybe make housing more affordable, encourage older
people to sell out. By the way, what I would
do is I would index capital gains for inflation. Somebody
who bought a house in the seventies for one hundred thousand,
that house is probably worth what five hundred thousand dollars
today and most of that gain was just due to inflation.
(28:26):
So we want to encourage people to sell their homes
as they get older and free up housing for younger people.
Speaker 1 (28:33):
Okay, this is important, and I know it sounds like
we're going into some nerd talk here when it comes
to the economy, But I think Trump gets this. Housing
costs matters to everybody. I think Clay, I think everyone
sees this as a big challenge, a big concern if
you can. He said, index capital gains when you sell
your home. A lot of people because this is the reality,
(28:55):
and I'm sure some of you have thought through this.
He mentioned, you buy a home in the nineteen seventies
for one hundred k. Let's say that house is worth
seven hundred k. Now, which is not crazy. You would
owe capital gains tax if you sold it on some
of that.
Speaker 2 (29:08):
Income in the middle.
Speaker 1 (29:09):
I think there's a five hundred thousand dollars wipeout, right.
But so if you die, your heirs take the home
at the value that it is on that day. So
instead of having to pay capital gains tax, they take
it at Let's say that one hundred thousand dollars house
now worth seven hundred k. Your heirs take it at
(29:29):
seven hundred k. Well, you out there living in that
house might have thought, hey, you know what, it's time
to sell. But I don't want to have to give
the government capital gains tax on this. We should wipe
out capital gains on primary residents.
Speaker 2 (29:44):
I think it.
Speaker 1 (29:44):
Would drastically improve the overall housing market. I think that
people would buy and sell homes at more freely, and
I think it's a no brainer. I give credit to
Marjorie Taylor Green. I think it would help a lot
of people. And by the way, we also need to
get mortgage rates back down to around five percent. I
(30:05):
was looking at my mentions right after I said that,
a bunch of you reached out, sent me messages, hopped
in and said, Clay, you just nailed me. I got
a two and a half percent mortgage. I just had
another kid. Hey, my kid just left for college. Your
family circumstances changed. I need to be in a new
school district. I can't afford to sell my home potentially
pay capital gains tax on it and take on a
(30:26):
seven percent mortgage. It's broken the housing market. The best
thing we can do for the economy is fix it.
This is where Trump is right about the Jerome Powell.
We need to bring back down rates and start to
balance out that crazy increase that we saw from around
two and a half percent to seven.
Speaker 2 (30:44):
Or the other option is to.
Speaker 1 (30:47):
I'm actually in favor of this in a lot of ways,
especially in a lot of cities or in an expensive
suburbs around cities, you go for multi generational housing setup
where if you have the space, you know, you get
the grandparents living with the parents living with the kids,
or you know, if you can. It depends on how
much base we're talking about here. That's very common in
some places in Europe now. Europe is far less wealthy
(31:08):
per capita than America is, which I think people often
forget about. Their fancy baguettes and espressos do not make
up for the fact that Americans are far wealthier on
average than all you really, all major European countries. I
should say, you know, if you have these players don't
have air conditioning. This was an article in the Wall
Street Journal this morning that how hot it is they
don't even have air conditioning. Yeah, well, now did you
(31:30):
see there's they're trying to say. It's something about there's
a like a thermal shock, but cold shock from air
conditioning is bad for you.
Speaker 2 (31:37):
They're trying to say, yeah, fifteen different. I'm like, we
don't even want your stupid air conditioning. Not necessary for us.
Speaker 1 (31:44):
No, no, no, Jacques, I'm sorry, you want the air conditioning?
My man, take the beret off. Let the air conditioning flow.
I don't hear very many Southerners who say, you know what,
it's one hundred degrees outside in July and August. You
know what I'd really like, I'd like to feel it
inside of my home. No, I'll take the I'll take
the air conditioning. I would argue air conditioning. Where does
(32:06):
air is a good question? Is the fun debate You're
about to go off on vacation. We could save this sometime.
Where does air conditioning rank on greatest inventions of all time?
Just in terms of improving the overall quality of life.
You wouldn't live in Miami if air conditioning didn't exist,
zero percent chance, zero change. Well, this is why it wasn't.
Miami wasn't a year round town until pretty recently. Yes, right,
(32:31):
I mean it's kind of really post World War Two.
Before that, it was a place where people would go,
uh in the winter time. South, the whole South was
revolutionized by air conditioning because otherwise it was too brutal.
I know, everybody's like climate change, climate change. Yeah, talk
to your my parents, talk about how hot it was
in the summer and you have to sleep outside in Tennessee.
Speaker 2 (32:49):
You know it was. It didn't cool off very much.
Speaker 1 (32:53):
Trump administration is working hard to make our economy grow.
We're just talking about it. Great things are happening, but
you still have to make the right choice. Is for
you as an individual and your wealth and your family
and the hard earned dollars that you are accumulating. Is
where gold comes in. Gold just makes sense. Look at
gold up forty percent in the past year, and you
just check that for yourself. Look at gold over the
(33:15):
last ten years. You'll notice something, right, Gold maintains value
and grows in value historically over time. With thirty seven
trillion dollars a debt still accumulating, guess what you're gonna
have inflation. It's going to eat away at your savings.
A portion of what you have in gold just makes sense.
And here's another idea for you. You can convert an existing
IRA or four oh one k into a tax sheltered
(33:37):
IRA in physical gold. Birch Gold Group is the company
I trust for this, Birch Gold Group, They're the best
in the business. Text my name Buck to ninety eight
ninety eight, ninety eight and Birch Gold will send you
a free info kit on gold, a plus rating with
a better business bureau tens of thousands of happy customers.
Take control of your savings today. Text the word Buck
to ninety eight ninety eight ninety eight. News and politics,
(34:03):
but also a little comic relief.
Speaker 2 (34:05):
Clay Travis and Buck Sexton.
Speaker 1 (34:07):
Find them on the free iHeartRadio app or wherever you
get your podcasts. Welcome back in Clay Travis Buck Sexton Show.
I appreciate all of you hanging out with us. We've
got so many different feedbacks, talkbacks rolling in. Want to
encourage you go subscribe to the Clay and Buck podcast.
So you know, certainly the podcast, but now YouTube. It's
(34:31):
crazy more people watch video of podcasts than actually listen
to podcasts. Now, the stat like kind of blew me away.
I was reading about it and I said, well, man,
we need to be on top of this. So we
want to take this Clay and Buck show the YouTube channel,
take me to ninety k. Today we're at eighty eight
thousand subscribers. I sound like an auctioneer. Buck is going
(34:51):
to leave for Thursday and Friday. I want to hit
one hundred thousand next week.
Speaker 2 (34:57):
But before he.
Speaker 1 (34:58):
Leaves to go celebrate with his the birthday, I want
us to hit ninety thousand subscribers.
Speaker 2 (35:04):
You can do it.
Speaker 1 (35:05):
All you have to do is go to YouTube YouTube
dot com type and Clay Travis, type in Buck Sexton,
click subscribe. We're going to be responding to questions that
you guys post in there in news coburger. This awful
killer of four innocent college kids has declined to address
(35:26):
the courtroom as part of his guilty plea that will
avoid a death penalty. Here is cut thirty, just giving
you a sense of what it sounded like in that Boise,
Idaho courtroom. Listen, truth be told.
Speaker 10 (35:39):
Able to come up with anything redeeming about mister Coberger
because his grotesque acts of evil have buried and hidden
anything that might have been good ortrinsically human about him.
His actions have made him the worst of the worst.
Even in pleading guilty, he's giving nothing hinting of remorse
or redemption, nothing suggesting even a record or understanding, let
(36:01):
alone regret for the pain that he has caused. And
therefore I will not attempt to speak about him further
other than to simply sentence him so that he is
forever removed from civilized society.
Speaker 1 (36:13):
We'll talk about this maybe a little bit in the
third hour, because I think the decision to allow him
to plead guilty and avoid the death penalty might make sense.
I don't agree with the decision to not require him
to explain in full detail why he did what he
did and tell the family so they can have some
(36:33):
form of peace exactly what went down. I don't understand
that aspect of it. But Buck, when we come also
do the view saying the Constitution is in trouble because
Colbert got fired. Because you know, less intense stuff too yeah,
Rand Paul next
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