June 20, 2024 • 34 mins
All debt is not the same and the Biden vs Trump debate is one week away
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Speaker 1 (00:00):
Hi, It's Michael. Your morning show can be heard live
weekday mornings five to eight am, six to nine am
Eastern and great cities like Tampa, Florida, Youngstown, Ohio, and
Oklahoma City, Oklahoma. We'd love to join you on the
Drive to work live, but we're glad you're here now.
Enjoyed the podcast two.
Speaker 2 (00:16):
Three starting your morning off right, A new way of talk,
a new way of understanding.
Speaker 1 (00:24):
Because we're in this to get. This is your morning
show and with Michael O'Dell Trump six minutes after the
hour and welcome to the longest day of the year.
Buried under a heat dome as the media would have
you know, but definitely a heat wave. Welcome to the
first day of summer. It's Thursday, June, the twentieth year
(00:44):
of our Lord, twenty twenty four. This is your morning
show on the Aaron streaming live on your iHeart app.
I am Michael del Jurner. I get the great pleasure
once a week to bring to the kitchen table with
us the great mind of David Bonnson from the Bonson
Financial Group. He's also an author of a great book
called Full Time and you can find that book at
full Time oh, David, help me full time.
Speaker 3 (01:08):
What's the website and the meaning of life.
Speaker 1 (01:10):
No, that's the name of the book, but the website
is full.
Speaker 3 (01:12):
Time, full Time book dot com.
Speaker 1 (01:15):
Yeah, book, that's it, full timebook dot com. I highly
recommend you read the book. He's on his journey to
do a television hit, so we might hear some birds chirping.
But I did have one question from a listener that
was talking about debt and talking about debt beyond GDP.
I remember one of the narratives about a decade or
(01:35):
so ago is when debt reaches one hundred percent of GDP,
duck and then of course or that and beyond. So
can you give us all a brief lesson on the
role of debt and it's probably the greatest threat to
our economy and future that has never talked about that
neither party ever really addresses or stops. We have a
spending problem and they won't admit it, let alone do
(01:58):
something about it. But that relation ship to GDP and
get everybody up to speed on what that does to
an economy.
Speaker 4 (02:05):
Yeah, so think about it as if you would your
own household. Right, there's the assets that a household has
there's the income that is generated, and then there's the
debt and the amount of debt. For a household that
has thirty million dollars of assets and two million.
Speaker 3 (02:24):
A year of income and let's say they have.
Speaker 4 (02:27):
Eight million dollars of debt, that is very different than
a household who only has fifty thousand dollars of debt
but forty thousand of income and no assets. As I
use two extreme examples, a very wealthy person and a
very not wealthy person to make the points that sometimes
fifty thousand dollars of debt should be a lot worse
(02:49):
than eight million dollars of debt. And so that's why
you always have to look at debt, even when you're
talking about countries as something that is relative to the
income and the asset of the country. Japan has been
well over two hundred percent debt to GDP for a
very long time and they have had absolutely no economic
(03:10):
growth for over thirty years. France, Italy, Germany have all
gone to one hundred and seventy one hundred and eighty,
one hundred and ninety percent, and the US had averaged
fifty to sixty percent debt to GDP for about.
Speaker 3 (03:27):
Thirty years, including in the years.
Speaker 4 (03:31):
Where the debt was exploding higher in the two thousands
George W. Bush's No Child Left Behind and Medicare Part D,
and the Afghanistan War, in the Iraq War. They all
did add to the debt nowhere near.
Speaker 3 (03:46):
The level we would routinely add to the debt now,
But the debt to GDP didn't really move a lot.
Then came the Financial crisis two thousand and a halfs
when the whole.
Speaker 4 (03:59):
World changed, right, because then the GDP contracted. Then the
GDP it stopped growing at the same level. It's never
come back to the same level. And that is the
issue that economists and that I really want conservatives to understand.
I don't like the debt continuing to grow because it
(04:20):
simply means the size of government is continuing to grow.
But economically, in theory on a spreadsheet, if I'm growing
my debt fifty thousand a year, but my app's one
hundred thousand a year, then I'm.
Speaker 3 (04:34):
Really getting rich or not.
Speaker 4 (04:36):
For right, there are problem is our debt is growing
faster than our GDP.
Speaker 3 (04:43):
That is unsustainable.
Speaker 4 (04:45):
That can be economically disastrous, and that put downward pressure
on economic growth.
Speaker 1 (04:53):
You say downward pressure. You know, I always think of
it like they have these spas now that are almost
the size of a pool, and you can swim in place,
so it gives you a current. So you're swimming and
exercising and not really going anywhere. You're in place. But
that's what I mean. The notion used to be, well,
we get to one hundred percent of GDP, this whole
thing's going to collapse. No, not so much. That is
it's almost like wind sheer on a plane. It's going
(05:14):
to be harder to keep growth going and going upward
because it's going to be pushing down right. It's a
force more than a collapse.
Speaker 4 (05:22):
That's a wonderful analogy, and I agree entirely. And yet socially, culturally,
we're used to growing three three and a half percent
that of inflation, and so ben we're just running in place.
Speaker 3 (05:37):
It isn't quite as benign.
Speaker 4 (05:39):
Or spawkes as the Jusi analogy because there's different opportunities sets.
Now there are people in an economy not growing that
I promise you we're going to do very well, right,
because they're really resourceful, and they're really hard working, and
they're really smart, and they're really advantaged. And then when
(06:00):
the overall economy is not growing, there's a lot of
people that simply have less opportunities. So what does it
do to the social fabrics in the country to builds resentment,
The builds populous rage on the right and the left,
it build pass warfare.
Speaker 3 (06:16):
Does any of that sound familiar?
Speaker 1 (06:19):
Well as familiar as the Bible envy? I mean, isn't
that the game we really play culturally and economically now?
I mean, people pass by a house and the big
house in a big neighborhood and they have an instant,
you know, resentment towards that person and or an entitlement
to what that person has. What's never discussed is how
(06:39):
differently the person in that house lived in high school.
While you were playing football, while you were having a
good time with your friends, they were home studying. When
you had in your twenties and you were enjoying your
apartment and your first job, and you were dating and
doing that. This person was sacrificing while you were having
a blast, going on vacations and raising your kids. They
were making sacrifices. When I see that house, they may
(07:01):
have made a lot of choices I didn't want to make.
And by the way, it may be some of the
regrets of their life, but in no way does what
they have have anything to do with what I have.
But what it praise upon that jealousy and envy, that
is as old as scripture, and we play that out
against each other, and politicians in the media feed it.
Speaker 3 (07:24):
Well, that's exactly right, and you're right to say it's
as old as the scripture because it's.
Speaker 4 (07:28):
Literally the climax as a ten commandment.
Speaker 3 (07:31):
I used to believe that was incidental.
Speaker 4 (07:34):
As I've studied the Bible throughout my life, I always thought, okay, well,
you know, there were ten major ethical precepts that God
wanted to codify in Sinai, and it just so happened
that one of them was murderer, one of them was adultery,
and one of.
Speaker 3 (07:47):
Them was thou shalt not cove it.
Speaker 4 (07:49):
But I've come to believe that they concluded with the
grand finale of thou shalt not cove it for a reason.
What's interesting is all of us, in sinful nat have
it potentially in our hearts to want to commit murder
and want to commit adultery, but very few people and murder,
And I would argue very few people in the grand
(08:11):
scheme of things commit.
Speaker 3 (08:11):
Adultery, but boy or boy to a lot of people
come it.
Speaker 4 (08:15):
Yeah, And I think that's a very universal sleeping ethical precept.
Speaker 1 (08:20):
If your eyes are on the wrong scoreboard or on
other participants, That's what I love about the game of golf.
Golf is the only game you're playing yourself, and then
we'll determine how you did versus yourself, versus everybody else
did versus their self and declara winner. But we often
get our eyes. What's the Bible telling you fix your
eyes on the author and the perfector of your faith.
(08:41):
Seek first the kingdom of God. I mean, I serve
a God who is past, present in future Almighty will
supply all my needs according to his riches and glory.
He can open doors and give favor, he can close
doors and not gonna be I mean, why would you
be looking at what others have? I mean, your eyes
shouldn't even be on that. I guess, like horse races,
we should put blinders on if we want to live
this life better. But we'll see politicians and we'll see
(09:04):
them play those games. And that adds to the haves
and the haves not. Last question is a quick one
if the you know, our listeners are starting to send
me questions ahead of time before your visits. If the
solution to the housing crisis is build more houses or
multi living family residents, is a solution to our rent
problem build more apartments?
Speaker 4 (09:25):
Well, for one thing, the rent problem is the level
of growth of brands has very much slowed down. Keep
in mind is different in different cities. Nashville has different
dynamics and other.
Speaker 3 (09:38):
Cities and so forth. But yes, I mean it's.
Speaker 5 (09:40):
Always a mixed to supplying brand, and so one can say, no,
I really would like to solve for how high rent
prices are by really threatening people not to rent.
Speaker 4 (09:52):
Let's kill demand. I mean, it's just that we're not
going to happen. Demand is going to be what it's
going to be. And demographics and employment, income and relative
attraction to certain areas, those things ebb and flow the
way they do in a market economy.
Speaker 3 (10:07):
But supply is where you have an ability to move
the needle.
Speaker 4 (10:11):
And there are markets that have built a lot of
new supply and now look at Austin. It is a
very hot market, much like Nashville, and reds the lowest
and built prices went up because of high demand, but
then price is settled because of in presupply, and that
prices have come down a lot because of oversupplies.
Speaker 3 (10:29):
And I thought markets, that's how markets work.
Speaker 1 (10:31):
Yeah, And I thought of you because I thought, you know,
those same people that are hanging baby boomers hanging down
to their homes for multiple reasons and don't want to
allow zoning for new homes to be built. They're really
not going to want to cooperate and allow apartments to
be built anytime soon in certain areas. David Boston, I
know you got a fox it go do them, knock
them dead, and we'll talk next Thursday.
Speaker 2 (10:51):
This is your Morning Show with Michael Detuno. We're a
week away from the debate. You know, the old expression
is you can't win an election with a debate, but
you can lose one.
Speaker 1 (11:02):
What to expect? What do we do if they both
don't do well? John Decker is our White House correspondent,
joining us. Well, whatever it is and whatever it's going
to look like, it's a week away.
Speaker 6 (11:13):
It's a week away, one week from tonight, and already
President Joe Biden is preparing for that debate. He's going
to be traveling to Camp David. He'll spend nearly a
full week there for debate prep. And I think one
of the good things for both Donald Trump and Joe
Biden is they don't have to create or recreate a
(11:34):
scenario where you have a studio audience, because there is
no studio audience for this first debate. It's just the
two candidates and a television studio with two moderators. And
that means preparing as relates to the substance, preparing as
it relates to the likely topics that will come up
in terms of foreign policy domestic policy. That is what
(11:57):
Donald Trump and Joe Biden will prepare for one week
from today.
Speaker 1 (12:01):
All Right, accuse me of being lazy, but I think
I'm just guessing, and I should have double checked this.
This is the first presidential debate without an audience since
Kennedy Nixon, isn't it.
Speaker 6 (12:13):
It is, so you'd have to go all the way
back to the Kennedy Nixon debates. I wasn't alive then,
but I.
Speaker 1 (12:18):
Know I wasn't either.
Speaker 6 (12:18):
Video I've seen video of those debates and it's old school.
That's what we're talking about here, you know, leading up
to this debate, I think you could argue that expectations
are really low for Joe Biden, the low bar for him,
which is good. You know, you can only exceed expectations
if the expectations are low, you know, And I think
(12:42):
that that is a good thing working for him. But
still you have to put in the time in terms
of preparation. These debates are not easy. Ninety minutes is
a long period of time, Michael. You know that from
hosting a radio show. Ninety minutes is long. It's hard
on you both physically and mentally. You have to listen
(13:02):
to what your opponent is saying. And the best debaters
are ones that are good listeners, because if you listen
to what they're saying, there might be a mistake and
you can pounce on it during the course of the debate.
So that's something that Joe Biden also has to get
used to. In addition to that, no note cards are permitted,
no notes of any kind, and.
Speaker 1 (13:23):
No briefings during commercial breaks, right, and no.
Speaker 6 (13:26):
Briefings during commercial bases. You can't consult with your campaign
advisors or campaign aids during those two commercial breaks. You're
up there all by yourself, and you know it's you
and you alone. It's like a tennis match. You can't
rely on anybody but yourself if you're going to win
this first debate.
Speaker 1 (13:43):
We said this, John Decker, White House correspondent, attorney joining us.
We said this the last time we visited on this
topic a few days ago. I know why the rules
have been set the way they've been set, and maybe
they were set that way to help the president. I
don't know. I'm kind of refreshed and glad it's going
to happen. I'm interested to see how different the candidates
will behave without a live student audience, how the moderators
(14:05):
will behave without a lot of studio audience, without the
interaction with coaches during commercial breaks. These could be all
good things. You're either going to arrive with the goods
and be in the moment or you're not. And you
know as well as I do. The biggest failures in
debates are those gotcha slogans or narratives or things that
they come dying to get in and then they force them.
(14:26):
I think the one who stays the most natural probably
will come across the best.
Speaker 6 (14:30):
That's right, and you can be overly prepared over prep
That is what you're getting to, Michael, is if you
come in there, you want to have your talking points,
make sure you have all your talking points and slogans
and gotcha moments. That's all well and good, but it
is the natural moments they come naturally that really make
the most impact. That being said, I think about one
(14:52):
of the most successful lines in a presidential debate, and
it was actually a vice presidential debate, was a line
made by Lloyd Benson, Senator from Texas.
Speaker 1 (15:03):
Again, I knew Jack Kennedy. Jack Kennedy was a friend
of mine. You know, Jack Kennedy was a dough final moment,
he had.
Speaker 6 (15:10):
That wound up, ready to go, ready to pull the trigger,
and it landed. It landed hard, and that was one
of those moments that you know, look how many years
later we're talking about nineteen eighty eight, it's still a
memorable moment.
Speaker 3 (15:23):
As far as By the way, when you picked concern.
Speaker 1 (15:26):
When you picture that, I'm interested, what do you see
in your mind? Because I've got to tell you graphically
what I see. And this is what forty at least
forty years later, isn't it? Or more? And I see
Lloyd Benson's eyes. I think the words were powerful, but
the eyeballs, the eyes looking at dan Quayle saying it,
(15:46):
and the camerang Oh my god.
Speaker 6 (15:49):
Yeah, and also the reaction to dan Quayle. I mean,
you know, talk about a landing of punch. He landed
that punch. But you know, as you point out, it
was a good moment for him, But what was the
overall result In nineteen eighty eight, George HW Bush won
that presidential election. So you know, look, debates are our
moments in campaigns. This is a This is a campaign, however,
(16:13):
in which you see the polls over the last two days,
this is a very tight matchup. A PBS poll yesterday
forty nine percent to forty nine percent. A Fox News
poll yesterday Joe Biden fifty percent, Donald Trump forty eight percent,
within the margin of error. This is why this debate
is so important, because it could change the narrative, It
(16:34):
could change the direction of the campaign. And I think
that's one of the reasons why Joe Biden is taking
the time out to spend a full week preparing for
this first presidential debate, knowing full well this could be
the narrative for the rest of the summer leading up
to Debate number two, and.
Speaker 1 (16:49):
It could change who you're covering for the next four years.
All right, thank you so much, John Decker. Always appreciate
your reporting. Twenty twenty eight minutes after the hour. By
the way, Marco Ruby has been brought and to work
with Donald Trump in debate preparation. Hey, it's me and Michael.
Your morning show can be heard live five to eight
am Central, six to nine Eastern and great cities like Jackson, Mississippi, Akron, Ohio,
(17:12):
or Columbus, Georgia. We'd love to be a part of
your morning routine and we're grateful you're here. Now, enjoy
the podcast. Red Rights heat wave in the Midwest and
in the Northeast. You know the doll eies in the nineties,
(17:34):
and then again there's meanwhile, twelve inches of snow in
the ice down Monzana freeze.
Speaker 7 (17:43):
It is amazing.
Speaker 1 (17:44):
Nobody's talking about the twelve inches of snow. And note
for this morning waking up, we also got to talk
back button saying it's my understanding. The first day of
summer is June the twenty first, and everything I have
is today is the first official day of summer.
Speaker 8 (18:01):
It's the summer solstice, the longest day of the year
north of the equator. Earth has a solstice every six months.
And so which is it? I'm efforting, you're efforting while
you effort, Let me effort in a different direction. Hey,
well we'll figure that out for you. Well, it's definitely
the longest day of the year. Is it the first
day of summer. We'll find out.
Speaker 1 (18:22):
All right, Look, there's no getting the toothpaste back in
the tomb at the tube, there's no getting Pandora back
in the box. Seems like yesterday we were on the internet.
Now look at where we're at. It seems like yesterday
the smartphone came into our life. Look at where we're at. Well,
now AI is unleashed. There's a great story today about
(18:46):
how AI is their only hope to police AI. I
think that's the definition of the wolf guarding the headhouse.
But AI has reached a point where it's creating a
profile that's actually running for office. AI is now being
used in political campaigns and it's high risk, it's high reward. AI.
(19:07):
Pandora out of the box. Aaron Rayel, How is it
affecting elections.
Speaker 9 (19:12):
So it's obviously affection affecting elections with like deep fakes,
and we heard those robo calls of Biden during the
New Hampshire primaries. But I think what's more interesting is
that we are now seeing political candidates as AI. They're
not making it onto the ballot just yet, but they're trying.
So let me give you an example. There's this guy,
Victor Miller in Cheyenne, Wyoming. He filed paperwork to run
(19:34):
for mayor, not exactly as himself, but he listed the
name of a customized chatbot to appear on the ballot.
Speaker 10 (19:41):
His name is VIC.
Speaker 9 (19:43):
It stands for a Virtual Integrated Citizen. I've heard its audio.
Speaker 10 (19:46):
I don't know. He sounds pretty trustworthy.
Speaker 9 (19:48):
But essentially they plan to use AI from open AI
to make all political decisions. Long story short, Open AI
shut this down. They said this is not going to
be okay, this is not the first time. We also
saw it in the UK. There's oh and by the way,
VIC not affiliated with the political party, so very down
the middle.
Speaker 10 (20:06):
He'll appeal to both.
Speaker 1 (20:08):
And by the way, has the best campaign picture because
AI produced it.
Speaker 10 (20:13):
Yes, very handsome. Have you heard the audio yet? Have
you listened.
Speaker 1 (20:16):
No, I have not, and I should have been preparation
for this, but help us live it through you.
Speaker 9 (20:21):
He genuinely sounds trustworthy. I was like, I like this guy.
I'm like, oh, yeah, it's a rope.
Speaker 1 (20:27):
But because AI would have access to all world views,
AI would have access to all policy views, how does
it choose which one?
Speaker 10 (20:39):
That's a great question.
Speaker 9 (20:40):
It depends on how it's programmed and not all. It's
not perfect, it's not fail proof, but it has You're right,
like it can.
Speaker 10 (20:47):
It's smarter than all of us. And we're also seeing
this in the UK.
Speaker 9 (20:51):
There is actually a political candidate for parliament. He was
campaign's names Steve Endicott. He said that every political question
or policy implementation was going to be thrown into AI
and he would make the decisions that way. He's running
as an independent. This has not been shut down yet either.
But what I think is really interesting here is that
you see a lot of public affairs professors and professionals
(21:14):
in this space being like, oh, this is just candidates
that are leaning into a cultural movement.
Speaker 10 (21:19):
They shouldn't be taken seriously. It's a little gimmicky.
Speaker 11 (21:21):
Uh.
Speaker 10 (21:22):
I don't know if that's true.
Speaker 9 (21:24):
I think that people are so disenchanted at this point
in time with our political candidates that they are not
necessarily against voting for artificial intelligence or anything other than
what we have on the ballot. Listen, we have voted
dogs into office, we have voted dead.
Speaker 10 (21:39):
People into office.
Speaker 9 (21:39):
What makes anyone think AI is not going to be
voted in?
Speaker 1 (21:42):
Well, but here's the real Pandora's box that nobody's discussing
is how many candidates, real human beings, with real campaign managers,
with real consultants, are using AI to perform their answer.
Speaker 9 (21:58):
I mean, yeah, of course, I don't mean to step
on your words, but like, I'm just like, of course
they are the only.
Speaker 1 (22:04):
One that's just not real at all. But I mean, right,
there's a lot of not real at all in all
the real too precisely.
Speaker 9 (22:11):
And I think, frankly, you're a fool to not use it,
like if you have if you have access and no
one else and everyone else does, and you're just it's
like handicapping yourself.
Speaker 10 (22:20):
Of course they're going to use it.
Speaker 9 (22:22):
Are they going to directly implement policy based on what
it spits out? No, not necessarily, but they're going to
ask you questions and streamline things. So long story short,
they say, you can train at chatbot with all the
knowledge found in an office, but the decision making should
always be left to humans theoretically, but if the chatbot's
telling you how to think, is it really left to
a human or are you just an arm of the
(22:43):
artificial intelligence?
Speaker 1 (22:45):
Listen is something you don't know because you're only on
there and the segments we're on, and you can't hear
the local radio station. But I love my advertisers as
much as I love my listeners, and I believe in
them as much as the things I believe in that
I'm talking about in the content of my show. I
have taken the information or the bullet points copy points
of some of my advertisers and put in and let
(23:07):
AI spit out a live endorsement. And I will tell
you this two things that are both equally true. One,
it spit out really good copy it did. Number Two,
I refuse to use it because it can never stop
being me and my belief in them. In other words,
it's not that it would change the content of the commercial.
(23:31):
It would change me, and by changing me, you lose
me and my experience with that company can't be last.
There's something dangerous about it that has to be resisted.
But there's no question it can make things a lot
quicker for you, and it can do a good job
(23:51):
doing it, but there is a long term danger that
I just choose to resist.
Speaker 9 (23:57):
And you can, but know that your competition will not
will not. Oh yeah, and like knowing that and being like, Okay,
do I want to handicap myself or am I gonna?
Speaker 10 (24:05):
And you don't and you're not.
Speaker 9 (24:07):
You're far in a way better than all of the competitions,
So it's not like but I'm just saying, like anyone
discussing this for themselves, like your competition is using it.
So if you don't want to use it, that's cool,
But know that they might have better copy than you.
They might sound sharper and it might be better, and
the advertisers might go there. And I'm not saying they will.
They never will. You're the incredible, but.
Speaker 1 (24:26):
You don't have to keep doing that discovered. The big
picture is this. You can't we can't live. It's here
and it's never going to go away. And look look
at how the smartphone has reshaped. I mean, it's for
good or bad, right I mean, I don't I really
don't need this computer in front of me. I can
do everything on my phone right now. And there's been
(24:48):
a lot of good that comes from that. There's a
lot of bad and isolation and loneliness and depression and
suicide that can come with that. We've got to learn
how to manage these things. But once they come, I
think AI is in a certain unique league like the
advent of the Internet, like the advent of the smartphone.
Welcome to the new AI world. And I think the result,
(25:10):
the net result for all the good and the bad,
is going to be a loss of reality.
Speaker 9 (25:16):
I mean, yes, or just I think another way of
looking at it is an alteration of reality as we
know it. And I think this is going to come
real fast. And there's you have two options in life.
You either evolve with what's happening or you die and
that's it. That's it, like you either. And I always
use Netflix as the example because if you remember Netflix,
(25:37):
it was a company that sent you.
Speaker 10 (25:39):
DVDs in the mail. Can you think of anything like
less or.
Speaker 1 (25:43):
How about looking back and going why Netflix and not
red Box? Why did Netflix become this? And red Box?
Just stay that?
Speaker 9 (25:50):
I mean refuse to die, and they chose to evolve
with the times. And they saw the writing on the wall,
and instead of digging in their heels, they said, let's
evolve with it. Now they're largest, one of the most
valuable content creators on the planet, and they have global
reach and it's just like they become such a bigger company.
So I think if you just use that as like
a microcosm, now we're talking about like humanity, and that's
(26:10):
obviously bigger than Netflix. But the idea of being like,
we're not going to ever stop innovating. It's just like
what we do is humans. So how do you evolve
with that? That's the only question on the table if
you want to continue playing the game.
Speaker 1 (26:22):
And what I love most about the segment is Yet
and Vic, we see a fake candidate, that is all AI.
But I wonder how much of our real candidates are
fake and AI. Time will tell, but I suspect it's
far more than we realize. Aaron Rayel, great reporting today.
We'll talk again tomorrow.
Speaker 10 (26:39):
Thanks Michael.
Speaker 1 (26:40):
Forty six minutes after the hour, real quick look at
your top five stories of the day. Of all places,
Fox and of all things, Fox has old Joe in
the lead. Mark Mayfield has are Today in politics.
Speaker 8 (26:56):
Fox News powl is showing President Biden I had a
former President Trump for the first time since October. The
paul published Wednesday shows Biden with a two point lead
over Trump for the twenty twenty four election, marks a
three point improvement for Biden and the first time that
he's gone over fifty percent this election cycle. A group
of US lawmakers are in northern India meeting with the
Dalai Lama. Ishan Ghari reports so for shows and now
(27:19):
meeting with him ahead of the bill being presented before
President Biden.
Speaker 3 (27:22):
It calls for funds to be provided to Tibet to.
Speaker 5 (27:25):
Counter what the US calls Chinese propaganda over its unlawful
annexation of Tibet.
Speaker 8 (27:30):
It's a bine partisan delegation of seven lawmakers meeting with
the exiled Buddhist monk at his monastery in the Himalayas.
Speaker 1 (27:36):
One official was asked after the meeting with the Dalai Lama,
what did he say to you? And the official said,
on my deathbed, our received total consciousness. Shuh I Gosh
echoing for me. US Central Command says an airstrike in
Syria killed a senior ISIS official. Lisa Taylor has.
Speaker 11 (27:54):
More distract took place on Sunday. Senttcam says the death
will disrupt isis' ability to conduct terror tax. It adds
there is no indication any civilians were harmed in the strike.
I'm Lisa Taylor.
Speaker 1 (28:05):
Campaign for independent presidential candidate Robert F. Kennedy Junior raised
roughly three million dollars in May, according to federal filings.
Chris Caragio has the details.
Speaker 12 (28:14):
It marks a sharp drop from April, when it took
in nearly eleven million dollars. The number is nowhere close
to President Biden or former President Trump. However, Biden reportedly
gained eight million dollars from just one fundraiser earlier this week,
while Trump's campaign says it took in over one hundred
and forty million dollars in May.
Speaker 1 (28:31):
I'm Chris Karanjio, justin Timberlake's attorney is speaking out over
the pop stars d w I arrest early Tuesday morning
at Sagharbor, New York. Lisa g has that story.
Speaker 13 (28:40):
In a statement to Page six, Edward Burke Junior said,
we look forward to vigorously defending mister Timberlake against these allegations.
He will have a lot to say at the appropriate time.
After leaving a local hotel restaurant, cops save forty three
year old Timberlake ran a stop sign, and when he
got pulled over, he reportedly refused a breathalyzer test. Timberlake
(29:02):
was taken into custody, arraigned, and released without bail. The
incident comes in the middle of his world tour. He
set to play Madison Square Garden next week. Lisa g
NBC News Radio, New York.
Speaker 1 (29:13):
Well, if you're following the news, I mean, what could
be worse than the heat dome and we're all going
to die? Oh. Mount Saint Helens is recharging Tammy Treelo
has more.
Speaker 14 (29:21):
Since February first, there have been over three hundred and
fifty small earthquakes with the magnitude of less than two
Seismologists at the US Geological Surveys say it could indicate
magma is moving into chambers beneath the volcano. There's no
indication it could erupt anytime soon. The last eruption was
in two thousand and eight, which added lava inside the crater.
Mount Saint Helens's most destructive eruption was in nineteen eighty
(29:45):
and it killed fifty seven people. Mount Saint Helens is
the most seismically active volcano in the Cascade Range and
considered to be the most likely to erupt in the future.
Speaker 10 (29:54):
I'm Tammy Trheo.
Speaker 1 (29:56):
Eiler's and Panthers Game six coming up tomorrow night clock
on ABC. The Oilers with the winn in Florida forced
a Game six. Could they do it again? Cardinals lost
four to three to the Marlins, Rangers, Raisin Nats and
Guardians all one and birthdays today. Beach Boys Brian Wilson
is eighty two, Lionel Richie's seventy five, actor John Goodman
(30:17):
is seventy two, and the beautiful and talented and Nashvillion
actress Nicole Kidman is fifty seven years old.
Speaker 11 (30:23):
Today, I am actress Lie Savarda and my morning show
is Your Morning Show with Michael del Jiuorno.
Speaker 1 (30:31):
Kathy writes, when you did sports, why did you mention
the College World Series? I'd love to hear about my
Aggies getting a shutout? Yeah, how about my Valls who
are sitting in the driver's seat waiting on the winner
of the Loser's bracket. Well, well, i'll mix that in
tomorrow we'll start following. Although it looks really good for
the Tennessee volunteers, and I think it looks pretty good
(30:52):
that the opponent will be your Texas A And m
Aggie's all right, do you have an emergency savings account?
How do you feel about it? We're gonna ask or
you and Neil. Now, big picture, there are two things
in life. You either fail because you don't know what
to do and that that's a real cause of failure,
or you know what to do and you fail because
(31:14):
you don't do what you know. If no one has
ever told you this before, and everybody's different. For people
of faith, the first ten percent goes to God. That's
my active obedience, my acknowledgment that everything comes from Him,
and I worship and I love by being obedient. So
(31:34):
for me, it's pretty simple. Ten percent goes to Him.
Then I put twenty percent before I ever spend a
dime towards retirement, and then roughly five percent. But what
you're trying to get to is six months emergency savings
in order for you, you know, when a roof goes out,
or you know, life happens your son will drive into
(31:57):
the garage door. That's twelve hundred dollars you did have budgeted.
So but the biggest thing is you could lose your job.
So you know you want to have enough to cover
all your expenses for six months. Then when you get there,
then that percentage doesn't necessarily need to be held back anymore.
And then just keep your home and auto below roughly
(32:18):
forty percent of your take home pay editing beyond that
and you start playing a dangerous game of living above
your means. Now it's different for people because if you
have other debt that can influence that. It's not just
what the mortgage companies are going to use, it's what
you should use, all right. So whether anybody's ever explained
that to you, now, I have known that all my life,
(32:40):
but have I lived it? And do I have that
reserve fund?
Speaker 5 (32:43):
No?
Speaker 1 (32:43):
Because I failed to live what I know. And of
course this is the problem for Americans. We're living paycheck
to paycheck, and you want to blame it on the economy,
or you want to blame it on inflation, but the
reality is blame it on yourself, because this is a
way you should have been living all along, and you haven't,
you'd have that money now. The problem in America is
(33:05):
and we did this story with Aaron last week, and
that was we're basically using our long term savings as
our short term savings. So when things happen, we're borrowing
from our four to one k. When we lose our job,
we're cashing in our four to one k. Rory such
a late start, we have less than sixty seconds. Bottom
line to the story, we're not saving and we're not
prepared for.
Speaker 3 (33:26):
Us or not.
Speaker 7 (33:26):
And we've got thirty six percent of Americans have more
credit card debt than they have emergency savings right now.
Speaker 3 (33:32):
And the goal is to have three to.
Speaker 7 (33:34):
Six months in cash set aside, because if you lose
your job tomorrow, you should have enough cash set aside
to pay all your bills for at least three to
six months. That's the recommendation. Only about twenty eight percent
of Americans have met that threshold.
Speaker 1 (33:48):
Yeah, and that's on us too, as well as economic pressures.
But the bottom line is we fail because we don't
do what we know not we don't know what to do.
Speaker 2 (33:58):
We're all in this together. This is Your Morning Show
with Michael Del Joana
Hi, It's Michael. Your morning show can be heard live
weekday mornings five to eight am, six to nine am
Eastern and great cities like Tampa, Florida, Youngstown, Ohio, and
Oklahoma City, Oklahoma. We'd love to join you on the
Drive to work live, but we're glad you're here now.
Enjoyed the podcast two.
Speaker 2 (00:16):
Three starting your morning off right, A new way of talk,
a new way of understanding.
Speaker 1 (00:24):
Because we're in this to get. This is your morning
show and with Michael O'Dell Trump six minutes after the
hour and welcome to the longest day of the year.
Buried under a heat dome as the media would have
you know, but definitely a heat wave. Welcome to the
first day of summer. It's Thursday, June, the twentieth year
(00:44):
of our Lord, twenty twenty four. This is your morning
show on the Aaron streaming live on your iHeart app.
I am Michael del Jurner. I get the great pleasure
once a week to bring to the kitchen table with
us the great mind of David Bonnson from the Bonson
Financial Group. He's also an author of a great book
called Full Time and you can find that book at
full Time oh, David, help me full time.
Speaker 3 (01:08):
What's the website and the meaning of life.
Speaker 1 (01:10):
No, that's the name of the book, but the website
is full.
Speaker 3 (01:12):
Time, full Time book dot com.
Speaker 1 (01:15):
Yeah, book, that's it, full timebook dot com. I highly
recommend you read the book. He's on his journey to
do a television hit, so we might hear some birds chirping.
But I did have one question from a listener that
was talking about debt and talking about debt beyond GDP.
I remember one of the narratives about a decade or
(01:35):
so ago is when debt reaches one hundred percent of GDP,
duck and then of course or that and beyond. So
can you give us all a brief lesson on the
role of debt and it's probably the greatest threat to
our economy and future that has never talked about that
neither party ever really addresses or stops. We have a
spending problem and they won't admit it, let alone do
(01:58):
something about it. But that relation ship to GDP and
get everybody up to speed on what that does to
an economy.
Speaker 4 (02:05):
Yeah, so think about it as if you would your
own household. Right, there's the assets that a household has
there's the income that is generated, and then there's the
debt and the amount of debt. For a household that
has thirty million dollars of assets and two million.
Speaker 3 (02:24):
A year of income and let's say they have.
Speaker 4 (02:27):
Eight million dollars of debt, that is very different than
a household who only has fifty thousand dollars of debt
but forty thousand of income and no assets. As I
use two extreme examples, a very wealthy person and a
very not wealthy person to make the points that sometimes
fifty thousand dollars of debt should be a lot worse
(02:49):
than eight million dollars of debt. And so that's why
you always have to look at debt, even when you're
talking about countries as something that is relative to the
income and the asset of the country. Japan has been
well over two hundred percent debt to GDP for a
very long time and they have had absolutely no economic
(03:10):
growth for over thirty years. France, Italy, Germany have all
gone to one hundred and seventy one hundred and eighty,
one hundred and ninety percent, and the US had averaged
fifty to sixty percent debt to GDP for about.
Speaker 3 (03:27):
Thirty years, including in the years.
Speaker 4 (03:31):
Where the debt was exploding higher in the two thousands
George W. Bush's No Child Left Behind and Medicare Part D,
and the Afghanistan War, in the Iraq War. They all
did add to the debt nowhere near.
Speaker 3 (03:46):
The level we would routinely add to the debt now,
But the debt to GDP didn't really move a lot.
Then came the Financial crisis two thousand and a halfs
when the whole.
Speaker 4 (03:59):
World changed, right, because then the GDP contracted. Then the
GDP it stopped growing at the same level. It's never
come back to the same level. And that is the
issue that economists and that I really want conservatives to understand.
I don't like the debt continuing to grow because it
(04:20):
simply means the size of government is continuing to grow.
But economically, in theory on a spreadsheet, if I'm growing
my debt fifty thousand a year, but my app's one
hundred thousand a year, then I'm.
Speaker 3 (04:34):
Really getting rich or not.
Speaker 4 (04:36):
For right, there are problem is our debt is growing
faster than our GDP.
Speaker 3 (04:43):
That is unsustainable.
Speaker 4 (04:45):
That can be economically disastrous, and that put downward pressure
on economic growth.
Speaker 1 (04:53):
You say downward pressure. You know, I always think of
it like they have these spas now that are almost
the size of a pool, and you can swim in place,
so it gives you a current. So you're swimming and
exercising and not really going anywhere. You're in place. But
that's what I mean. The notion used to be, well,
we get to one hundred percent of GDP, this whole
thing's going to collapse. No, not so much. That is
it's almost like wind sheer on a plane. It's going
(05:14):
to be harder to keep growth going and going upward
because it's going to be pushing down right. It's a
force more than a collapse.
Speaker 4 (05:22):
That's a wonderful analogy, and I agree entirely. And yet socially, culturally,
we're used to growing three three and a half percent
that of inflation, and so ben we're just running in place.
Speaker 3 (05:37):
It isn't quite as benign.
Speaker 4 (05:39):
Or spawkes as the Jusi analogy because there's different opportunities sets.
Now there are people in an economy not growing that
I promise you we're going to do very well, right,
because they're really resourceful, and they're really hard working, and
they're really smart, and they're really advantaged. And then when
(06:00):
the overall economy is not growing, there's a lot of
people that simply have less opportunities. So what does it
do to the social fabrics in the country to builds resentment,
The builds populous rage on the right and the left,
it build pass warfare.
Speaker 3 (06:16):
Does any of that sound familiar?
Speaker 1 (06:19):
Well as familiar as the Bible envy? I mean, isn't
that the game we really play culturally and economically now?
I mean, people pass by a house and the big
house in a big neighborhood and they have an instant,
you know, resentment towards that person and or an entitlement
to what that person has. What's never discussed is how
(06:39):
differently the person in that house lived in high school.
While you were playing football, while you were having a
good time with your friends, they were home studying. When
you had in your twenties and you were enjoying your
apartment and your first job, and you were dating and
doing that. This person was sacrificing while you were having
a blast, going on vacations and raising your kids. They
were making sacrifices. When I see that house, they may
(07:01):
have made a lot of choices I didn't want to make.
And by the way, it may be some of the
regrets of their life, but in no way does what
they have have anything to do with what I have.
But what it praise upon that jealousy and envy, that
is as old as scripture, and we play that out
against each other, and politicians in the media feed it.
Speaker 3 (07:24):
Well, that's exactly right, and you're right to say it's
as old as the scripture because it's.
Speaker 4 (07:28):
Literally the climax as a ten commandment.
Speaker 3 (07:31):
I used to believe that was incidental.
Speaker 4 (07:34):
As I've studied the Bible throughout my life, I always thought, okay, well,
you know, there were ten major ethical precepts that God
wanted to codify in Sinai, and it just so happened
that one of them was murderer, one of them was adultery,
and one of.
Speaker 3 (07:47):
Them was thou shalt not cove it.
Speaker 4 (07:49):
But I've come to believe that they concluded with the
grand finale of thou shalt not cove it for a reason.
What's interesting is all of us, in sinful nat have
it potentially in our hearts to want to commit murder
and want to commit adultery, but very few people and murder,
And I would argue very few people in the grand
(08:11):
scheme of things commit.
Speaker 3 (08:11):
Adultery, but boy or boy to a lot of people
come it.
Speaker 4 (08:15):
Yeah, And I think that's a very universal sleeping ethical precept.
Speaker 1 (08:20):
If your eyes are on the wrong scoreboard or on
other participants, That's what I love about the game of golf.
Golf is the only game you're playing yourself, and then
we'll determine how you did versus yourself, versus everybody else
did versus their self and declara winner. But we often
get our eyes. What's the Bible telling you fix your
eyes on the author and the perfector of your faith.
(08:41):
Seek first the kingdom of God. I mean, I serve
a God who is past, present in future Almighty will
supply all my needs according to his riches and glory.
He can open doors and give favor, he can close
doors and not gonna be I mean, why would you
be looking at what others have? I mean, your eyes
shouldn't even be on that. I guess, like horse races,
we should put blinders on if we want to live
this life better. But we'll see politicians and we'll see
(09:04):
them play those games. And that adds to the haves
and the haves not. Last question is a quick one
if the you know, our listeners are starting to send
me questions ahead of time before your visits. If the
solution to the housing crisis is build more houses or
multi living family residents, is a solution to our rent
problem build more apartments?
Speaker 4 (09:25):
Well, for one thing, the rent problem is the level
of growth of brands has very much slowed down. Keep
in mind is different in different cities. Nashville has different
dynamics and other.
Speaker 3 (09:38):
Cities and so forth. But yes, I mean it's.
Speaker 5 (09:40):
Always a mixed to supplying brand, and so one can say, no,
I really would like to solve for how high rent
prices are by really threatening people not to rent.
Speaker 4 (09:52):
Let's kill demand. I mean, it's just that we're not
going to happen. Demand is going to be what it's
going to be. And demographics and employment, income and relative
attraction to certain areas, those things ebb and flow the
way they do in a market economy.
Speaker 3 (10:07):
But supply is where you have an ability to move
the needle.
Speaker 4 (10:11):
And there are markets that have built a lot of
new supply and now look at Austin. It is a
very hot market, much like Nashville, and reds the lowest
and built prices went up because of high demand, but
then price is settled because of in presupply, and that
prices have come down a lot because of oversupplies.
Speaker 3 (10:29):
And I thought markets, that's how markets work.
Speaker 1 (10:31):
Yeah, And I thought of you because I thought, you know,
those same people that are hanging baby boomers hanging down
to their homes for multiple reasons and don't want to
allow zoning for new homes to be built. They're really
not going to want to cooperate and allow apartments to
be built anytime soon in certain areas. David Boston, I
know you got a fox it go do them, knock
them dead, and we'll talk next Thursday.
Speaker 2 (10:51):
This is your Morning Show with Michael Detuno. We're a
week away from the debate. You know, the old expression
is you can't win an election with a debate, but
you can lose one.
Speaker 1 (11:02):
What to expect? What do we do if they both
don't do well? John Decker is our White House correspondent,
joining us. Well, whatever it is and whatever it's going
to look like, it's a week away.
Speaker 6 (11:13):
It's a week away, one week from tonight, and already
President Joe Biden is preparing for that debate. He's going
to be traveling to Camp David. He'll spend nearly a
full week there for debate prep. And I think one
of the good things for both Donald Trump and Joe
Biden is they don't have to create or recreate a
(11:34):
scenario where you have a studio audience, because there is
no studio audience for this first debate. It's just the
two candidates and a television studio with two moderators. And
that means preparing as relates to the substance, preparing as
it relates to the likely topics that will come up
in terms of foreign policy domestic policy. That is what
(11:57):
Donald Trump and Joe Biden will prepare for one week
from today.
Speaker 1 (12:01):
All Right, accuse me of being lazy, but I think
I'm just guessing, and I should have double checked this.
This is the first presidential debate without an audience since
Kennedy Nixon, isn't it.
Speaker 6 (12:13):
It is, so you'd have to go all the way
back to the Kennedy Nixon debates. I wasn't alive then,
but I.
Speaker 1 (12:18):
Know I wasn't either.
Speaker 6 (12:18):
Video I've seen video of those debates and it's old school.
That's what we're talking about here, you know, leading up
to this debate, I think you could argue that expectations
are really low for Joe Biden, the low bar for him,
which is good. You know, you can only exceed expectations
if the expectations are low, you know, And I think
(12:42):
that that is a good thing working for him. But
still you have to put in the time in terms
of preparation. These debates are not easy. Ninety minutes is
a long period of time, Michael. You know that from
hosting a radio show. Ninety minutes is long. It's hard
on you both physically and mentally. You have to listen
(13:02):
to what your opponent is saying. And the best debaters
are ones that are good listeners, because if you listen
to what they're saying, there might be a mistake and
you can pounce on it during the course of the debate.
So that's something that Joe Biden also has to get
used to. In addition to that, no note cards are permitted,
no notes of any kind, and.
Speaker 1 (13:23):
No briefings during commercial breaks, right, and no.
Speaker 6 (13:26):
Briefings during commercial bases. You can't consult with your campaign
advisors or campaign aids during those two commercial breaks. You're
up there all by yourself, and you know it's you
and you alone. It's like a tennis match. You can't
rely on anybody but yourself if you're going to win
this first debate.
Speaker 1 (13:43):
We said this, John Decker, White House correspondent, attorney joining us.
We said this the last time we visited on this
topic a few days ago. I know why the rules
have been set the way they've been set, and maybe
they were set that way to help the president. I
don't know. I'm kind of refreshed and glad it's going
to happen. I'm interested to see how different the candidates
will behave without a live student audience, how the moderators
(14:05):
will behave without a lot of studio audience, without the
interaction with coaches during commercial breaks. These could be all
good things. You're either going to arrive with the goods
and be in the moment or you're not. And you
know as well as I do. The biggest failures in
debates are those gotcha slogans or narratives or things that
they come dying to get in and then they force them.
(14:26):
I think the one who stays the most natural probably
will come across the best.
Speaker 6 (14:30):
That's right, and you can be overly prepared over prep
That is what you're getting to, Michael, is if you
come in there, you want to have your talking points,
make sure you have all your talking points and slogans
and gotcha moments. That's all well and good, but it
is the natural moments they come naturally that really make
the most impact. That being said, I think about one
(14:52):
of the most successful lines in a presidential debate, and
it was actually a vice presidential debate, was a line
made by Lloyd Benson, Senator from Texas.
Speaker 1 (15:03):
Again, I knew Jack Kennedy. Jack Kennedy was a friend
of mine. You know, Jack Kennedy was a dough final moment,
he had.
Speaker 6 (15:10):
That wound up, ready to go, ready to pull the trigger,
and it landed. It landed hard, and that was one
of those moments that you know, look how many years
later we're talking about nineteen eighty eight, it's still a
memorable moment.
Speaker 3 (15:23):
As far as By the way, when you picked concern.
Speaker 1 (15:26):
When you picture that, I'm interested, what do you see
in your mind? Because I've got to tell you graphically
what I see. And this is what forty at least
forty years later, isn't it? Or more? And I see
Lloyd Benson's eyes. I think the words were powerful, but
the eyeballs, the eyes looking at dan Quayle saying it,
(15:46):
and the camerang Oh my god.
Speaker 6 (15:49):
Yeah, and also the reaction to dan Quayle. I mean,
you know, talk about a landing of punch. He landed
that punch. But you know, as you point out, it
was a good moment for him, But what was the
overall result In nineteen eighty eight, George HW Bush won
that presidential election. So you know, look, debates are our
moments in campaigns. This is a This is a campaign, however,
(16:13):
in which you see the polls over the last two days,
this is a very tight matchup. A PBS poll yesterday
forty nine percent to forty nine percent. A Fox News
poll yesterday Joe Biden fifty percent, Donald Trump forty eight percent,
within the margin of error. This is why this debate
is so important, because it could change the narrative, It
(16:34):
could change the direction of the campaign. And I think
that's one of the reasons why Joe Biden is taking
the time out to spend a full week preparing for
this first presidential debate, knowing full well this could be
the narrative for the rest of the summer leading up
to Debate number two, and.
Speaker 1 (16:49):
It could change who you're covering for the next four years.
All right, thank you so much, John Decker. Always appreciate
your reporting. Twenty twenty eight minutes after the hour. By
the way, Marco Ruby has been brought and to work
with Donald Trump in debate preparation. Hey, it's me and Michael.
Your morning show can be heard live five to eight
am Central, six to nine Eastern and great cities like Jackson, Mississippi, Akron, Ohio,
(17:12):
or Columbus, Georgia. We'd love to be a part of
your morning routine and we're grateful you're here. Now, enjoy
the podcast. Red Rights heat wave in the Midwest and
in the Northeast. You know the doll eies in the nineties,
(17:34):
and then again there's meanwhile, twelve inches of snow in
the ice down Monzana freeze.
Speaker 7 (17:43):
It is amazing.
Speaker 1 (17:44):
Nobody's talking about the twelve inches of snow. And note
for this morning waking up, we also got to talk
back button saying it's my understanding. The first day of
summer is June the twenty first, and everything I have
is today is the first official day of summer.
Speaker 8 (18:01):
It's the summer solstice, the longest day of the year
north of the equator. Earth has a solstice every six months.
And so which is it? I'm efforting, you're efforting while
you effort, Let me effort in a different direction. Hey,
well we'll figure that out for you. Well, it's definitely
the longest day of the year. Is it the first
day of summer. We'll find out.
Speaker 1 (18:22):
All right, Look, there's no getting the toothpaste back in
the tomb at the tube, there's no getting Pandora back
in the box. Seems like yesterday we were on the internet.
Now look at where we're at. It seems like yesterday
the smartphone came into our life. Look at where we're at. Well,
now AI is unleashed. There's a great story today about
(18:46):
how AI is their only hope to police AI. I
think that's the definition of the wolf guarding the headhouse.
But AI has reached a point where it's creating a
profile that's actually running for office. AI is now being
used in political campaigns and it's high risk, it's high reward. AI.
(19:07):
Pandora out of the box. Aaron Rayel, How is it
affecting elections.
Speaker 9 (19:12):
So it's obviously affection affecting elections with like deep fakes,
and we heard those robo calls of Biden during the
New Hampshire primaries. But I think what's more interesting is
that we are now seeing political candidates as AI. They're
not making it onto the ballot just yet, but they're trying.
So let me give you an example. There's this guy,
Victor Miller in Cheyenne, Wyoming. He filed paperwork to run
(19:34):
for mayor, not exactly as himself, but he listed the
name of a customized chatbot to appear on the ballot.
Speaker 10 (19:41):
His name is VIC.
Speaker 9 (19:43):
It stands for a Virtual Integrated Citizen. I've heard its audio.
Speaker 10 (19:46):
I don't know. He sounds pretty trustworthy.
Speaker 9 (19:48):
But essentially they plan to use AI from open AI
to make all political decisions. Long story short, Open AI
shut this down. They said this is not going to
be okay, this is not the first time. We also
saw it in the UK. There's oh and by the way,
VIC not affiliated with the political party, so very down
the middle.
Speaker 10 (20:06):
He'll appeal to both.
Speaker 1 (20:08):
And by the way, has the best campaign picture because
AI produced it.
Speaker 10 (20:13):
Yes, very handsome. Have you heard the audio yet? Have
you listened.
Speaker 1 (20:16):
No, I have not, and I should have been preparation
for this, but help us live it through you.
Speaker 9 (20:21):
He genuinely sounds trustworthy. I was like, I like this guy.
I'm like, oh, yeah, it's a rope.
Speaker 1 (20:27):
But because AI would have access to all world views,
AI would have access to all policy views, how does
it choose which one?
Speaker 10 (20:39):
That's a great question.
Speaker 9 (20:40):
It depends on how it's programmed and not all. It's
not perfect, it's not fail proof, but it has You're right,
like it can.
Speaker 10 (20:47):
It's smarter than all of us. And we're also seeing
this in the UK.
Speaker 9 (20:51):
There is actually a political candidate for parliament. He was
campaign's names Steve Endicott. He said that every political question
or policy implementation was going to be thrown into AI
and he would make the decisions that way. He's running
as an independent. This has not been shut down yet either.
But what I think is really interesting here is that
you see a lot of public affairs professors and professionals
(21:14):
in this space being like, oh, this is just candidates
that are leaning into a cultural movement.
Speaker 10 (21:19):
They shouldn't be taken seriously. It's a little gimmicky.
Speaker 11 (21:21):
Uh.
Speaker 10 (21:22):
I don't know if that's true.
Speaker 9 (21:24):
I think that people are so disenchanted at this point
in time with our political candidates that they are not
necessarily against voting for artificial intelligence or anything other than
what we have on the ballot. Listen, we have voted
dogs into office, we have voted dead.
Speaker 10 (21:39):
People into office.
Speaker 9 (21:39):
What makes anyone think AI is not going to be
voted in?
Speaker 1 (21:42):
Well, but here's the real Pandora's box that nobody's discussing
is how many candidates, real human beings, with real campaign managers,
with real consultants, are using AI to perform their answer.
Speaker 9 (21:58):
I mean, yeah, of course, I don't mean to step
on your words, but like, I'm just like, of course
they are the only.
Speaker 1 (22:04):
One that's just not real at all. But I mean, right,
there's a lot of not real at all in all
the real too precisely.
Speaker 9 (22:11):
And I think, frankly, you're a fool to not use it,
like if you have if you have access and no
one else and everyone else does, and you're just it's
like handicapping yourself.
Speaker 10 (22:20):
Of course they're going to use it.
Speaker 9 (22:22):
Are they going to directly implement policy based on what
it spits out? No, not necessarily, but they're going to
ask you questions and streamline things. So long story short,
they say, you can train at chatbot with all the
knowledge found in an office, but the decision making should
always be left to humans theoretically, but if the chatbot's
telling you how to think, is it really left to
a human or are you just an arm of the
(22:43):
artificial intelligence?
Speaker 1 (22:45):
Listen is something you don't know because you're only on
there and the segments we're on, and you can't hear
the local radio station. But I love my advertisers as
much as I love my listeners, and I believe in
them as much as the things I believe in that
I'm talking about in the content of my show. I
have taken the information or the bullet points copy points
of some of my advertisers and put in and let
(23:07):
AI spit out a live endorsement. And I will tell
you this two things that are both equally true. One,
it spit out really good copy it did. Number Two,
I refuse to use it because it can never stop
being me and my belief in them. In other words,
it's not that it would change the content of the commercial.
(23:31):
It would change me, and by changing me, you lose
me and my experience with that company can't be last.
There's something dangerous about it that has to be resisted.
But there's no question it can make things a lot
quicker for you, and it can do a good job
(23:51):
doing it, but there is a long term danger that
I just choose to resist.
Speaker 9 (23:57):
And you can, but know that your competition will not
will not. Oh yeah, and like knowing that and being like, Okay,
do I want to handicap myself or am I gonna?
Speaker 10 (24:05):
And you don't and you're not.
Speaker 9 (24:07):
You're far in a way better than all of the competitions,
So it's not like but I'm just saying, like anyone
discussing this for themselves, like your competition is using it.
So if you don't want to use it, that's cool,
But know that they might have better copy than you.
They might sound sharper and it might be better, and
the advertisers might go there. And I'm not saying they will.
They never will. You're the incredible, but.
Speaker 1 (24:26):
You don't have to keep doing that discovered. The big
picture is this. You can't we can't live. It's here
and it's never going to go away. And look look
at how the smartphone has reshaped. I mean, it's for
good or bad, right I mean, I don't I really
don't need this computer in front of me. I can
do everything on my phone right now. And there's been
(24:48):
a lot of good that comes from that. There's a
lot of bad and isolation and loneliness and depression and
suicide that can come with that. We've got to learn
how to manage these things. But once they come, I
think AI is in a certain unique league like the
advent of the Internet, like the advent of the smartphone.
Welcome to the new AI world. And I think the result,
(25:10):
the net result for all the good and the bad,
is going to be a loss of reality.
Speaker 9 (25:16):
I mean, yes, or just I think another way of
looking at it is an alteration of reality as we
know it. And I think this is going to come
real fast. And there's you have two options in life.
You either evolve with what's happening or you die and
that's it. That's it, like you either. And I always
use Netflix as the example because if you remember Netflix,
(25:37):
it was a company that sent you.
Speaker 10 (25:39):
DVDs in the mail. Can you think of anything like
less or.
Speaker 1 (25:43):
How about looking back and going why Netflix and not
red Box? Why did Netflix become this? And red Box?
Just stay that?
Speaker 9 (25:50):
I mean refuse to die, and they chose to evolve
with the times. And they saw the writing on the wall,
and instead of digging in their heels, they said, let's
evolve with it. Now they're largest, one of the most
valuable content creators on the planet, and they have global
reach and it's just like they become such a bigger company.
So I think if you just use that as like
a microcosm, now we're talking about like humanity, and that's
(26:10):
obviously bigger than Netflix. But the idea of being like,
we're not going to ever stop innovating. It's just like
what we do is humans. So how do you evolve
with that? That's the only question on the table if
you want to continue playing the game.
Speaker 1 (26:22):
And what I love most about the segment is Yet
and Vic, we see a fake candidate, that is all AI.
But I wonder how much of our real candidates are
fake and AI. Time will tell, but I suspect it's
far more than we realize. Aaron Rayel, great reporting today.
We'll talk again tomorrow.
Speaker 10 (26:39):
Thanks Michael.
Speaker 1 (26:40):
Forty six minutes after the hour, real quick look at
your top five stories of the day. Of all places,
Fox and of all things, Fox has old Joe in
the lead. Mark Mayfield has are Today in politics.
Speaker 8 (26:56):
Fox News powl is showing President Biden I had a
former President Trump for the first time since October. The
paul published Wednesday shows Biden with a two point lead
over Trump for the twenty twenty four election, marks a
three point improvement for Biden and the first time that
he's gone over fifty percent this election cycle. A group
of US lawmakers are in northern India meeting with the
Dalai Lama. Ishan Ghari reports so for shows and now
(27:19):
meeting with him ahead of the bill being presented before
President Biden.
Speaker 3 (27:22):
It calls for funds to be provided to Tibet to.
Speaker 5 (27:25):
Counter what the US calls Chinese propaganda over its unlawful
annexation of Tibet.
Speaker 8 (27:30):
It's a bine partisan delegation of seven lawmakers meeting with
the exiled Buddhist monk at his monastery in the Himalayas.
Speaker 1 (27:36):
One official was asked after the meeting with the Dalai Lama,
what did he say to you? And the official said,
on my deathbed, our received total consciousness. Shuh I Gosh
echoing for me. US Central Command says an airstrike in
Syria killed a senior ISIS official. Lisa Taylor has.
Speaker 11 (27:54):
More distract took place on Sunday. Senttcam says the death
will disrupt isis' ability to conduct terror tax. It adds
there is no indication any civilians were harmed in the strike.
I'm Lisa Taylor.
Speaker 1 (28:05):
Campaign for independent presidential candidate Robert F. Kennedy Junior raised
roughly three million dollars in May, according to federal filings.
Chris Caragio has the details.
Speaker 12 (28:14):
It marks a sharp drop from April, when it took
in nearly eleven million dollars. The number is nowhere close
to President Biden or former President Trump. However, Biden reportedly
gained eight million dollars from just one fundraiser earlier this week,
while Trump's campaign says it took in over one hundred
and forty million dollars in May.
Speaker 1 (28:31):
I'm Chris Karanjio, justin Timberlake's attorney is speaking out over
the pop stars d w I arrest early Tuesday morning
at Sagharbor, New York. Lisa g has that story.
Speaker 13 (28:40):
In a statement to Page six, Edward Burke Junior said,
we look forward to vigorously defending mister Timberlake against these allegations.
He will have a lot to say at the appropriate time.
After leaving a local hotel restaurant, cops save forty three
year old Timberlake ran a stop sign, and when he
got pulled over, he reportedly refused a breathalyzer test. Timberlake
(29:02):
was taken into custody, arraigned, and released without bail. The
incident comes in the middle of his world tour. He
set to play Madison Square Garden next week. Lisa g
NBC News Radio, New York.
Speaker 1 (29:13):
Well, if you're following the news, I mean, what could
be worse than the heat dome and we're all going
to die? Oh. Mount Saint Helens is recharging Tammy Treelo
has more.
Speaker 14 (29:21):
Since February first, there have been over three hundred and
fifty small earthquakes with the magnitude of less than two
Seismologists at the US Geological Surveys say it could indicate
magma is moving into chambers beneath the volcano. There's no
indication it could erupt anytime soon. The last eruption was
in two thousand and eight, which added lava inside the crater.
Mount Saint Helens's most destructive eruption was in nineteen eighty
(29:45):
and it killed fifty seven people. Mount Saint Helens is
the most seismically active volcano in the Cascade Range and
considered to be the most likely to erupt in the future.
Speaker 10 (29:54):
I'm Tammy Trheo.
Speaker 1 (29:56):
Eiler's and Panthers Game six coming up tomorrow night clock
on ABC. The Oilers with the winn in Florida forced
a Game six. Could they do it again? Cardinals lost
four to three to the Marlins, Rangers, Raisin Nats and
Guardians all one and birthdays today. Beach Boys Brian Wilson
is eighty two, Lionel Richie's seventy five, actor John Goodman
(30:17):
is seventy two, and the beautiful and talented and Nashvillion
actress Nicole Kidman is fifty seven years old.
Speaker 11 (30:23):
Today, I am actress Lie Savarda and my morning show
is Your Morning Show with Michael del Jiuorno.
Speaker 1 (30:31):
Kathy writes, when you did sports, why did you mention
the College World Series? I'd love to hear about my
Aggies getting a shutout? Yeah, how about my Valls who
are sitting in the driver's seat waiting on the winner
of the Loser's bracket. Well, well, i'll mix that in
tomorrow we'll start following. Although it looks really good for
the Tennessee volunteers, and I think it looks pretty good
(30:52):
that the opponent will be your Texas A And m
Aggie's all right, do you have an emergency savings account?
How do you feel about it? We're gonna ask or
you and Neil. Now, big picture, there are two things
in life. You either fail because you don't know what
to do and that that's a real cause of failure,
or you know what to do and you fail because
(31:14):
you don't do what you know. If no one has
ever told you this before, and everybody's different. For people
of faith, the first ten percent goes to God. That's
my active obedience, my acknowledgment that everything comes from Him,
and I worship and I love by being obedient. So
(31:34):
for me, it's pretty simple. Ten percent goes to Him.
Then I put twenty percent before I ever spend a
dime towards retirement, and then roughly five percent. But what
you're trying to get to is six months emergency savings
in order for you, you know, when a roof goes out,
or you know, life happens your son will drive into
(31:57):
the garage door. That's twelve hundred dollars you did have budgeted.
So but the biggest thing is you could lose your job.
So you know you want to have enough to cover
all your expenses for six months. Then when you get there,
then that percentage doesn't necessarily need to be held back anymore.
And then just keep your home and auto below roughly
(32:18):
forty percent of your take home pay editing beyond that
and you start playing a dangerous game of living above
your means. Now it's different for people because if you
have other debt that can influence that. It's not just
what the mortgage companies are going to use, it's what
you should use, all right. So whether anybody's ever explained
that to you, now, I have known that all my life,
(32:40):
but have I lived it? And do I have that
reserve fund?
Speaker 5 (32:43):
No?
Speaker 1 (32:43):
Because I failed to live what I know. And of
course this is the problem for Americans. We're living paycheck
to paycheck, and you want to blame it on the economy,
or you want to blame it on inflation, but the
reality is blame it on yourself, because this is a
way you should have been living all along, and you haven't,
you'd have that money now. The problem in America is
(33:05):
and we did this story with Aaron last week, and
that was we're basically using our long term savings as
our short term savings. So when things happen, we're borrowing
from our four to one k. When we lose our job,
we're cashing in our four to one k. Rory such
a late start, we have less than sixty seconds. Bottom
line to the story, we're not saving and we're not
prepared for.
Speaker 3 (33:26):
Us or not.
Speaker 7 (33:26):
And we've got thirty six percent of Americans have more
credit card debt than they have emergency savings right now.
Speaker 3 (33:32):
And the goal is to have three to.
Speaker 7 (33:34):
Six months in cash set aside, because if you lose
your job tomorrow, you should have enough cash set aside
to pay all your bills for at least three to
six months. That's the recommendation. Only about twenty eight percent
of Americans have met that threshold.
Speaker 1 (33:48):
Yeah, and that's on us too, as well as economic pressures.
But the bottom line is we fail because we don't
do what we know not we don't know what to do.
Speaker 2 (33:58):
We're all in this together. This is Your Morning Show
with Michael Del Joana
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