What is the state of the US economy and what impact will the passage of the big beautiful bill have moving forward? Economist and money wiz David Bahnsen will break it all down for us.
Big beautiful bill is headed his way…The President just keeps winning…and so do we, A SPECIAL Thursday with 47!
It isn’t called “one big beautiful bill” any longer, but it is now in the hands of the House of Representatives. National Correspondent RORY O’NEILL has the latest on the spending package.
See omnystudio.com/listener for privacy information.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Hey, it's Michael. Your morning show can be heard live
each weekday morning on great stations like thirteen sixty The
Patriot in San Diego, News Talk, one oh six point
three and AM eighteen eighty WM EQ oh Claire, Wisconsin
and one oh four nine The Patriot and Saint Louis, Missouri.
Would love to be a part of your morning routine.
But so glad you're here now. Enjoy the podcast on.
Speaker 2 (00:19):
Two three starting your morning off right. A new way
of talk, a new way of understanding, because we're in
this together.
Speaker 3 (00:30):
This is your Morning Show with Michael o' gill chordan.
Speaker 1 (00:35):
Seven minutes after the hour, Good morning and welcome to Thursday,
July the third you of Our Lord, twenty twenty five.
Speaker 3 (00:41):
If you're joining this day already in progress.
Speaker 1 (00:43):
They work through the night, arm twisting aside. The speaker
has his votes necessary to take a vote. They negotiated
the debate rules, and the debate is on. It is
expected to conclude somewhere.
Speaker 3 (00:58):
Around nineties turn.
Speaker 1 (01:00):
Eight am Central in theory, then a vote, which in
theory will pass the Big Beautiful bill and it will
head to the President's big beautiful desk and potentially on
this July third, rather than tomorrow on July fourth, So
we're keeping an eye on the Big Beautiful Bill. The
Pentagon says the US strikes of nocked Aroon's nuclear program
back at least two years. Trump and the US have
(01:22):
struck a trade deal with Vietnam, and the fourth of
July travel period is in full swing. Triple A predicting
seventy two million people will venture at least fifty miles
from their home. We traveled last Independence Day, this Independence Day,
where we are staying at home. It kicks off today
with giant needles in my herniated discs that I'm not dreading.
(01:47):
I'm looking forward to going and seeing Jurassic World. I'm dreading.
What's the difference? What is the state of the US economy?
If you ask a simple question of one of the
smartest brains on planet Earth economists in mind, he was
David Bonson, and how might this Big beaut Beautiful Bill
impact that most people haven't read it.
Speaker 3 (02:05):
Most people don't know what's in it.
Speaker 1 (02:07):
They're just narrative repeating talking points either from the far
left or the far right. But what's really in it
that we could anticipate the impact on the economy that's
the weekly conversations we had with our money was David,
good morning, Well.
Speaker 3 (02:20):
Good morning, Michael.
Speaker 4 (02:21):
So good to be with you as always.
Speaker 1 (02:23):
You don't mind that I think you're one of my
smartest brothers ever, do you?
Speaker 4 (02:28):
As long as you don't mind that, I love being
on with you.
Speaker 3 (02:33):
So let me ask you just the point blank question.
Speaker 1 (02:37):
Let's put all of talk radio, all of politics and
partisan politics, and.
Speaker 3 (02:42):
It's got to be so.
Speaker 1 (02:43):
I can't think of anything more frustrating than being a
student on the economy. Well, I do, because I'm a
student on foreign policy, and I know how ignorant most
people are of the real issues. But if I were
to ask you just point blank, what is the state
of the US economy, what would your answer be.
Speaker 5 (03:01):
That short term, there's a lot of uncertainty in terms
of the kind of last you know, year, and next
six months. There's some good things going on and some
questions and.
Speaker 3 (03:14):
Then the big picture, and all I really.
Speaker 4 (03:16):
Care about is long term.
Speaker 5 (03:18):
The economy is very much handicapped by the excessive government
debt that we've taken on and that we have no
will to do anything about. And yet we are such
a strong economic powerhouse in terms of our productive capacity
that you know, the world keeps on turning. That we
(03:38):
have a lot of grace with the way in which
we mismanage our resources that we seem to take a
lot of advantage of.
Speaker 1 (03:46):
But it can't go on forever, and we can't kick
the can forever, And the longer we wait to address
some of these issues, the more difficult it is going
to be. And that goes for so security that goes
for Medicare, Medicaid, but especially with the economy and ignoring debt.
Speaker 6 (04:00):
Right, well, it's certainly true that it can't go on forever,
but I don't know how to apply that statement into
anything practical, because how long it can go on and
what it looks like when it quote unquote can't go
on are not things I know the answer to.
Speaker 4 (04:19):
And so I'm constantly humbled by history.
Speaker 5 (04:22):
I graduated high school when Reagan was leaving office and
we had a little bit less than one trillion dollars
of national debt. We now add double that to the
national debt every single year, and our economy has grown
six x since then.
Speaker 4 (04:41):
So there is a sense.
Speaker 5 (04:43):
In which I always am really fearful of the doomsdays
because they are wrong constantly, and yet I'm even more
fearful of the pollyannish people that just believe we should
ignore things, and I hold it in total contempt the
politicians that don't the courage to do anything about it.
Speaker 1 (05:02):
That's a multiple. David Bonson with a Bonson Financial Group.
He also presides over the Dividend Cafe at Dividendcafe dot com.
You bring up that the history of taxation and the
history of debt are two really easy things to google
and look at, and you know, we're talking about in
the course of a lifetime. As we approach the two
hundred and fiftieth year of this nation next year, for
(05:25):
a lot of us will be mindful of how we
lived the bi centennial as children, and how America looks
differently at two hundred and fifty. I can tell you
that the very house my father bought that we were
living in in nineteen seventy six was roughly sixty six
thousand dollars. That house would be probably four hundred thousand
dollars today, So real quickly you get to a scenario
(05:46):
where the cost of living is what has changed the most,
and by and large, how the salaries keep up with that,
But there's no question what the debt does to cost
of living is there.
Speaker 5 (06:00):
So I don't see the government debt as an impact
to cost of living. The sixty six thousand going to
four hundred thousand in the value of a home is
more or less very comparable to how wages have grown.
It is not exactly how wages have grown, because some
wages have grown more than that and other wages have
grown less. And so when you look at when you
(06:21):
look at the aggregate, you might think everything looks okay.
But then the problem is there's some who have won
more and some who have lost more, and and that
becomes difficult in a democracy that have not end up
getting mad at the haves, and you get a populist
resentment around all of it. And so it's incumbent upon
us to look to where policies might be discriminatory. I
(06:44):
don't mean discriminatory in that some people that the market values,
you know, certain technology services higher than it values certain
other services, or whatever the case may be. That that
is part of a dynamic, market based economy. What I
mean by discriminatory is the government picking.
Speaker 4 (07:02):
Winners and losers.
Speaker 5 (07:03):
And I think that there's a lot of that has
happened too, and I'm deeply resentful of it. It's the
big reason, Michael, I'm so vehemently opposed to tariffs, because
I think they represent the government picking a winner and
a loser in an economy. But I will say that
the point you bring up about government debt still has
a tremendous impact, even if I don't think it's primarily
(07:23):
in cost of living. It is in the miss out,
It is in an altering of resources.
Speaker 3 (07:28):
Right, No, government's a certain amount.
Speaker 1 (07:30):
Yeah, the government spends most of its money paying down
debt than providing services. Therefore, it can't be all things
to all people. It never could, but now it literally can't.
In fact, it probably can't even cover the priorities.
Speaker 7 (07:42):
Right.
Speaker 5 (07:43):
Well, yeah, but there's one really, really really mistaken word
you used, and it's kind of an innocent mistake. You said,
the government is using most of its money or more
of it no money to pay to pay it on debt.
The government doesn't have any money, and so what you
have to do is understand economically this thing called NAT income,
all right, and that is the total amount of savings,
(08:05):
whether it is in the household, corporate or governmental sector.
If you view it as one issue and then say
there is now more government debt meaning less government income,
then the national income has gone down, the national savings
has gone down. Ergo, the national growth must go down.
(08:25):
This basic algebraic fact.
Speaker 4 (08:28):
Of life is what is most often missed.
Speaker 5 (08:30):
There's no scenario by which the country does not get
poorer when you have more national debt period, and that's what.
Speaker 4 (08:37):
We're dealing with.
Speaker 1 (08:39):
David Bonson is joining us from the Bonson Financial Group.
This is all to set up the obvious question of
the hour, the Big Beautiful Bill, and I recognize it's
over a thousand pages and it was changing up until
the middle of the night. Very few people understand what's
really in it. They have some talking points, they have
some narratives, but by and large understanding the state of
our economy, the state of the debt problem, and what
(09:01):
it impacts. Is the Big Beautiful Bill the first step
towards securing and not having the largest tax cut tax
increase right now, but securing the tax cuts and taking
steps towards addressing debt, or.
Speaker 3 (09:15):
Is it a step further in the ignoring direction. I'm
going to first give a very quick answer and if
you don't mind.
Speaker 4 (09:22):
I'd love to answer your question with a question.
Speaker 5 (09:24):
First, there isn't a tax cut per se, other than
a few things that the Senate actually made better, which
I really do like around the corporate side, and the
Senate had the guts to make them permanent where the
House wanted them to go away in three or four years.
But I refuse to call it a tax cut to
keep the same tax rates that people had last year.
Speaker 4 (09:46):
I know what we would be saying if Barack Obama
did that or Joe Biden did it.
Speaker 5 (09:51):
It is not a tax cut to keep the same
tax rates, and it is certain not the biggest tax
cut in human history. It is death really needing to happen.
Is the goodest thing that's happening. But that's not really
what people would upset.
Speaker 4 (10:05):
About with this bill. And that leads me to my question.
Speaker 5 (10:09):
If there wasn't a single change in the bill, not
one word was different, and Joe Biden was president right now,
how many Republicans would.
Speaker 4 (10:17):
Be voting to this bill.
Speaker 3 (10:19):
Well, they would have I know the answer.
Speaker 1 (10:21):
Well, they would have certainly been interested in doing a
lot of us were interested in the beginning. Let's start
with securing the tax cuts so they don't expire, and
then moving on to other debates. By lumping it all together,
I suspect they would have been debating like the Democrats
are debating right now.
Speaker 5 (10:39):
Yeah, well, the Democrats are debating this honestly about cuts
to medicaid.
Speaker 4 (10:44):
When we're not cutting medicaid.
Speaker 5 (10:46):
The Republicans would then as long as they knew they
were going to lose, as long as they knew they
didn't have a majority, as long as they knew they
weren't in power, then the Republicans would decide to debate
the increase to deficit. But because Theublicans are in power,
because there's a Republican president, we now don't have the
luxury of pretending that we care about adding to the
(11:07):
national debt. There isn't a single Republican who would vote
for this bill, not one if it were a Democrat president,
because we conveniently change our viewpoint on debt when we're
in power. And that's a moral flaw that I'm identifying
that is then exhibited in a policy and economic flaw.
(11:29):
The tax cuts have to be extended. There are some
things in this bill I would call.
Speaker 4 (11:34):
Easter eggs that I like a lot.
Speaker 5 (11:36):
The one hundred percent business expensing is pro growth, there's
funding for border security, there's other things in there, which
is why President Trump wanted to do it as one big,
beautiful bill.
Speaker 4 (11:46):
It's a political trap.
Speaker 5 (11:47):
You know, you can't vote against it for most of
these districts of your Republican congressmen or congresswoman.
Speaker 3 (11:53):
You just can't.
Speaker 5 (11:54):
And the fact that the President had to go kind
of work the phones to get it over the edge.
There is a very very strong constituency in Congress that
believes their job is to be a cheerleader for the president.
I just vehemently disagree with that understanding of the Constitution
and the separation of powers.
Speaker 8 (12:13):
And if people say, well, David, what else.
Speaker 4 (12:14):
Were we going to do to get the tax cuts extended?
Speaker 3 (12:17):
You're right.
Speaker 5 (12:18):
They could have done it as two separate bills. But
what would they have done is with the second bill.
With the second bill, would they have gone then the
tax spending. With the second bill, would they have announced
a massive fan.
Speaker 4 (12:27):
To take on entitlement reform? No, they would not have.
Speaker 5 (12:30):
And that's the reason I'm critical is not because I
didn't want to extend the Trump tax cuts.
Speaker 4 (12:34):
They needed to extend the Trump textets.
Speaker 5 (12:37):
But the fact that they weren't willing to use their
own political leverage to do it courageously discuss me.
Speaker 1 (12:43):
The last question would be on this heavy weight of
uncertainty on the economy, Does this impact that at all?
Speaker 4 (12:53):
Oh? No, of course not. This has nothing to do
with it.
Speaker 5 (12:55):
There was never any uncertainty that they were going to
extend the Trump tax cuts. The second that they gave
the announcement on the night of the election.
Speaker 3 (13:05):
Kamaa Harris is lost. Donald Trump has won.
Speaker 4 (13:08):
It was done.
Speaker 5 (13:09):
We knew that night they were going to extend the
Trump tax cuts. That moment I went to bed knowing
I didn't know when and how and what bill?
Speaker 3 (13:17):
And was it one bill? Two bills?
Speaker 4 (13:19):
Was it November? Was it July? Was in April?
Speaker 5 (13:21):
There was the hair on how it was going to happen,
where there was never a doubt that they were going
to extend the Trump tax cuts. The uncertainty we have
in the economy is not related to the Trump tax cuts.
The uncertainty we have in the economy is related to
issues around size of government, regulatory apparatus, energy policy, some
of which the trumpmization is doing a great job tackling,
(13:43):
and then other things like tariffs and trade and economic investment,
how many businesses are investing in the future. Those things
remained to be seen, and I'm cautiously optimistic.
Speaker 1 (13:55):
And that's the state of our economy and how the
big beautiful bill will impact it. Bonson on the Dividend
Cafe this week or are we taking it off for
Independence Day?
Speaker 5 (14:04):
No, it comes out today as a matter of fact,
instead of Friday because of Independence Day, and it's one
of the most important lessons for investors out there.
Speaker 4 (14:13):
In Dividingcafe dot com.
Speaker 2 (14:16):
It's your morning show with Michael del Chano, and.
Speaker 1 (14:20):
Have your morning show without your voice. Keep those talkbacks coming.
There's a microphone if you're listening on your iHeart app.
Press it. It'll count you down three two one gives
you exactly thirty seconds to ask a question, make a comment,
and take your place at this morning's kitchen table. You
can also email Michael d at iHeartMedia dot com for
those of you that prefer to type I just got
this from the home Offish and Adriada. All right, it's
(14:43):
actually Andrea, but Adriada is a reference to Mariada and
Ralph Bristel and the home affish. But anyway, are you
going to be bringing a negative attitude to my dinosaur tepe?
My poor wife has looked forward to this Jurassic World
rebirth for months.
Speaker 3 (14:58):
She bought these days.
Speaker 1 (14:59):
By what it's costing for all five of us to
go see Jurassic World Rebirth, it's not enough. What is
her happiness worth? Well, no, but it's one hundred dollars
for five tickets to a movie. That's that's ridiculous. Make
sure and then it'll be what it'll be sixteen dollars
for a coke, twenty six dollars for a popcorn, and
then the movie is gonna predictably stink, but she'll be happy.
(15:21):
I'm getting needles into the disks of my spine and
I'm looking forward to that. And I'm dreading this movie.
Red and I were going through online. I mean, people
are just ripping it. One guy said, I think I
think they literally wrote this with AI. This script was
written by AI. That's how's thrown together, where logic goes
(15:42):
to become extinct. I mean, the reviews look terrible, but
it did bring in twenty eight million dollars yesterday. They're
expecting one hundred and thirty million over the weekend, and
this is kicking off a whole other series of movies
that they're expecting to make.
Speaker 4 (15:55):
Wow.
Speaker 3 (15:56):
See, you're gonna have a good time. You're gonna get
some family time to get It's kinda feel like a
bottle rocket in the eye, I can tell you that
right now. But I'm gonna put it on. I'm gonna
pull it all together to have a good attitude. By
the time it happens, they're still debating. Missus Patrick from Christiana, Tennessee.
Speaker 8 (16:14):
My morning show is your Morning Show with Michael Dill Jiorno.
Speaker 1 (16:23):
Hey gang, it's Michael. Your Morning show can be heard
live each weekday morning on great radio stations like k
EIB and Los Angeles, WFDF nine ten AM Detroit, Michigan,
the Superstation, and the Rock of Talk sixteen hundred AM
KIVA and Albuquerque, New Mexico. We'd love to have you
listen live every morning, but glad you're here now for
the podcast.
Speaker 3 (16:42):
Enjoy. Thanks for bringing us along with you.
Speaker 1 (16:44):
This is your morning show on the Aaron streaming live
on your iHeartRadio app. It isn't called One Big Beautiful
Bill any longer, but it's now being debated and soon
we'll be voted on in the House of Representatives.
Speaker 3 (16:55):
And then head to the President's desk.
Speaker 1 (16:57):
Freed hamas hostage Aiden Alexand and he's meeting with the President,
the first Lady in the Oval Office today.
Speaker 3 (17:02):
As the President.
Speaker 1 (17:03):
Then we'll head to Iowa to begin the planning and
celebration of America at two hundred and fifty. On this
the eve of its two hundred and forty ninth birthday,
we are expecting seventy two million Americans to venture out
and travel this fourth of July. Whether you're on the
road or at home, we wish you a very, very
happy and safe Independence Day from all of us at
(17:23):
your morning show.
Speaker 3 (17:24):
All right, it's a special day. It's not Friday. All
Hail to the Chief.
Speaker 1 (17:31):
It's Thursday with forty seven, mister President.
Speaker 7 (17:34):
Good morning, Well, good morning to you, Pizza Bull. You
know today is Thursday, but it identifies this Friday. We'll
make it work, right, because we have a beautiful holiday
tomorrow and we have a you know, we've got a
tremendous occasion.
Speaker 8 (17:47):
We've got hockeym Jeffries on the floor who won't.
Speaker 7 (17:49):
Be quiet this guy's gotta stop. You know, there's enough
carbon emissions in the House of Representatives. He's going to
get kicked out of his own party.
Speaker 4 (17:56):
I can tell you that he has.
Speaker 1 (17:58):
Been talking since before we went on. I think he's
at over three hours now, isn't he.
Speaker 7 (18:03):
Well, he's going for too long.
Speaker 8 (18:05):
You know, over three minutes would be too much.
Speaker 7 (18:07):
Hot Team Jefferies. But he's going way too long. And
this guy, he's got a lot of problems. I think
a lot of mental problems among other things.
Speaker 8 (18:14):
But he's got a lot of problems.
Speaker 1 (18:15):
I can tell you that you posted that it's inevitable
the big beautiful bill is going to be coming to
your desk, and that this is not a victory for
you or a victory for the Party. This is a
victory ultimately for the American people. This is, I guess,
another arrow in your quiver of victories.
Speaker 7 (18:33):
Well, we win like nobody's ever won before, and we're
going to continue to do that. You know, we had
Alligator Alcatraz earlier this week, which we happened to like
a lot, and we're offering something called the Alligator Alcatraz Challenge,
which if you haven't heard about, it is if you're
an illegal alien bad Ombray and you tried to escape
and you survive the gators, you get citizenship. If not, well,
(18:57):
you know it's not very good. But we love the
Alligator Alcatraz. It's tremendous and we've been winning like nobody's
ever seen. Supreme Court Israel ceasefire. But we are doing
so well. We may PUTJKEM Jeffries, by the way, an
Alligator Alcatraz. Well, maybe will put it outside of Alligator Alcatras,
says that will solve this problem. I can tell you that.
Speaker 3 (19:17):
Well.
Speaker 1 (19:18):
The one thing I didn't like is that you were
so impressed with Alligator Alcatraz that you're interested in the
original Alcatraz, which I don't want you to touch because
I haven't taken my son there yet.
Speaker 3 (19:29):
It's one of my favorite attractions to visit.
Speaker 8 (19:32):
Visit not lest well, you know, we have we.
Speaker 7 (19:34):
Have Alligator Alcatraz. You know I love the original Alcatraz.
It's named after me. It's called the Rock. But but
you know what's happening. You look at Alligator Alcatras. We'll
have to settle for that five thousand events and the Gators.
We have the greatest gators. Nobody's ever seen alligators.
Speaker 3 (19:52):
Like we have great gators.
Speaker 7 (19:53):
I get along well.
Speaker 8 (19:55):
You know, you took the words of out of.
Speaker 7 (19:56):
My mouth, takes the way.
Speaker 8 (19:57):
I get along very well with them.
Speaker 7 (19:58):
These are tremendous a by the way, these are beautiful animals,
not like disgusting animals like Rosie o'donnald. They have huge teeth.
Their teeth are tremendous. Their teeth are bigger than Kappy
Hochel's teeth. I called her the buck tooth botox banded
a buffalo. Right. You look at those teeth. They're bigger
than her teeth. You look at them. They also otherwise,
you know, you look at bloodthirsty reptiles. By the way,
(20:20):
no gaps like Stacy Abrams, she's got a problem. But
you look at these gators. They also keep their teeth
in their mouth, and like Nancy Pelosi, who happens to
be a bloodthirsty reptile herself as his crooked Hillary Clinton.
Speaker 4 (20:32):
So I get along very well.
Speaker 7 (20:35):
But we're doing very very well with alligator, alcatras, the pythons.
They'll squeeze you harder than Chris Christy squeezes his you know,
backside after pizza hut. Let's talk about it. But you
look at these gators, and you look at these snakes,
and you look at everything we love Alligator Alcatras. You
know what a slugging is. Pizza boy, Alligator Alcatraz, where every.
Speaker 3 (20:58):
Huan is welcome.
Speaker 1 (21:01):
You cannot say Thursday with forty seven Special Edition. I'm
just sitting here thinking, you know, the Iyatola basically saying
he's ready to talk as long as you stop bombing.
Speaker 3 (21:15):
So obviously that was successful.
Speaker 1 (21:17):
You're now, I mean, you carry that out and then
negotiated peace within thirty hours. Now you're negotiating to cease fire.
I can only imagine Ukraine and Russia's next. I was
looking over the immigration numbers, Oh my goodness, from one
hundred and forty to two hundred and twenty thousand a
month and twenty two, twenty three, and twenty four trying
to break into the country that was down to six thousand.
(21:39):
The entries was down from like forty thousand in the
months prior to in twenty four, twenty three, and twenty
two to zero again for the second month in a row.
You were just so re. I guess I just go
through all of this out, not like Sean Hannity and
go through the whole laundry list.
Speaker 3 (21:57):
But I mean, after this big beautiful bill, what's left.
Speaker 7 (22:01):
Well, you look at it, by the way you look
at the border. We have a perfect border. Right.
Speaker 8 (22:04):
For the last two months we have Tom Holman, I
call him.
Speaker 7 (22:07):
I call him the hominator, right. You look at him,
he's the hominator, right, and he looks at people like
Arnold Schwortz. Nigga says, you will not be back right,
You're going, uh, you know, alas to get the hell
out of here audio some he goes, right. I got
along well with the terminator.
Speaker 3 (22:27):
I got along well.
Speaker 7 (22:28):
With a lot of people.
Speaker 8 (22:29):
I get along well with everybody. Really, when you look
at it, I get along well with everybody. I also
got a look very well with Thomas Jefferson.
Speaker 7 (22:36):
You know, we wrote the Declaration of Independence together, and
believe it or not, before we adopted it in the
highly respected Constitutional and Continental Congress. You look at the
Continental Congress.
Speaker 4 (22:47):
We wanted to.
Speaker 7 (22:48):
Adopt the Declaration of Independence, but Thomas massy can try
to block him.
Speaker 8 (22:52):
Did you believe it?
Speaker 4 (22:53):
He was unbelieve didn't.
Speaker 7 (22:54):
Want to spend money on the war what a stupid guy.
And Massey when you look at him, his haircut looks
like I under Coopinguini. He's got to do.
Speaker 8 (23:01):
Something about that.
Speaker 7 (23:03):
But you look at you look at what we were
looking at, and you're saying it. We did so well
on the border home and zero releases into the United States.
Speaker 8 (23:13):
And May zero releases into the United.
Speaker 7 (23:15):
States, and Jude perfect. It was perfect like Don Larson's
perfect game. And I taught him how to pitch, right,
I taught him how to pitch.
Speaker 4 (23:24):
But it was perfect.
Speaker 7 (23:25):
The border has been so perfect, and we're going to
continue to make it perfect. I could tell you.
Speaker 1 (23:30):
That, Uh just wondering, did you call Thomas Jefferson Thomas sir?
Speaker 3 (23:34):
Or to Tommy Boy?
Speaker 7 (23:38):
I said, Tommy Boy, get over here. We have to write,
we have to look. You know, this is when I
learned how to write those beautiful It was the first
mean tweet in.
Speaker 8 (23:47):
History, right, the Declaration of Independence.
Speaker 7 (23:50):
And we wanted my draft to that thing. We said,
King George is a loser. He's a loser. He's a
horrible person. He said, sir, you can't write that. You
have to it differently, And so we did the long
trail of abuses and all of it. Yeah, look at
And I told well, I was going to write I
wrote it a little differently, and we were going to
(24:11):
post it on Truth Social Hope. We couldn't do that,
Tommy Boy said, we couldn't do that. And you had
Massy trying to block and the judges, these bad people.
But I got along very well with Thomas Jefferson. I
got a little well with Ben Franklin. I got a
low well with John Adams, great guy, John Hancock. I
told John Hancock, you have to make your signature huge,
(24:33):
and he did it.
Speaker 3 (24:34):
Yours is huge, and so it is.
Speaker 1 (24:37):
No, but wasn't it you that told Thomas uh, Benjamin Franklin,
go fly a kite, and that's how everything started.
Speaker 7 (24:44):
Well, I said, you fly the kite, you're gonna have
a shocking experience.
Speaker 8 (24:47):
And he did, and we had electricity.
Speaker 7 (24:50):
So we did tremendously well, you know, I found I
created a lot. I built the pyramids, I built the
sphinx h I created fire. Right. I was with those
caves met and I said, you people of stupid people,
you have to make fire.
Speaker 4 (25:01):
They made fire.
Speaker 8 (25:03):
It really was a tremendous time.
Speaker 7 (25:04):
But you look at the Declaration. You look at the
Continental Congress, you look at George Washington, who was a
great friend of mine, Georgie, wonderful guy, and he did
so well at the Battle of Saratoga. I told him,
I said, George, you have to do a three pronged attack.
Speaker 8 (25:20):
He said, I'm not gonna do it.
Speaker 7 (25:21):
I said, you have to do a three pronged Don't
worry about Benedict Donald.
Speaker 8 (25:24):
He's a loser.
Speaker 7 (25:26):
Three pronged attack and you'll eat Cornwallace's lunch. And he
did that unbelievable job.
Speaker 1 (25:32):
One a tremendous jobs posting moments with those, I think
I just peed a little bit.
Speaker 7 (25:38):
I do.
Speaker 4 (25:39):
I think I did well.
Speaker 7 (25:40):
Now you have something in common with crooking Joe. You
know I can competent continent right, it's horrible.
Speaker 1 (25:46):
So Finals Thursday with forty seven CBS and Paramount have
to give you a check for sixteen million times.
Speaker 3 (25:52):
That may be the sweetest of all victories. I don't
know why I enjoyed that one so much.
Speaker 7 (25:56):
What are you gonna do with the money, Well, they're
gonna We're gonna use it to build the greatest presidential
library in history. You know, we have fifteen million from
ABC from George snuffle up against or swamp A Dappolis,
what a stupid guy. And now you have CBS and
they deceptively edited the word salad queen right, Kamala. They
(26:16):
deceptively edited Kamala and made her look like a very
smart person, which, by.
Speaker 4 (26:21):
The way, is very hard to do.
Speaker 7 (26:22):
It's very hard to make her look like a smart person.
But she's a stupid person. And they lied about it,
and they got caught and now they're paying up. And
we're going to build a beautiful library, beautiful Trump presidential library.
Every book will be carved out of solid, solid gold,
solid gold. It's going to be tremendous.
Speaker 1 (26:41):
Not that I cannot tell you how exciting it was.
I was sitting here thinking, you know, it's just not
going to be right, you know. I mean, yeah, I'm
looking forward. I got a procedure today, but after that,
you know, a really bad movie and then I can
sleep in tomorrow. But it wouldn't be the same about
having it. Then we get notification from the White House
that you would join us on a Thursday, mister presis
and I'm so grateful. I know you got to sign
(27:02):
a big, beautiful bill once they finally voted, which should
happen later this morning, and then it's off to begin
the two hundred and fifty years celebration of our country.
But thank you for finding time for us on this
very very special Thursday with forty seven. Mister President. We
all say hail to you. You are the Chief, You
are the one we say hel to. Thank you so
much for your time this day.
Speaker 8 (27:23):
Thank you, Peter Boy. Good luck at you proceeds here.
Speaker 7 (27:25):
We ope it proceeds well, and we will talk to
you next week. God bless you.
Speaker 3 (27:30):
He got along great with epidurals too. President.
Speaker 9 (27:34):
This is your morning show with Michael del Chrono. That
is the very talented and gifted Sean Farrash. And by
the way, nobody's trying to pull a wold over your eyes.
The problem is he sounds and act so much like
Donald Trump. You can't tell him apart. I don't know
if that affects a humor, but never affects it for me.
I laugh till I die.
Speaker 1 (27:53):
If you ever want Sean, maybe it's an anniversary of
birthday or some kind of a celebration, you want him
to do a record for someone you love, you can
get in touch with him at Farachemedia dot com faar
Ash Farachemedia dot com and our thanks to Sean and
making a very special Thursday with forty seven prior to
(28:14):
Independence Day. All right, I don't know if the Democrats
are ever going to stop talking, but they got too.
Sooner or later and there will be a vote. And
I suspect the Big Beautiful Bill is about the head
of the big beautiful resolute desk of the Oval Office.
Roy O'Neil is our national correspondent joining us, although it
isn't called the one Big Beautiful Bill any longer.
Speaker 3 (28:34):
Yeah, that's the only Democratic win here.
Speaker 10 (28:36):
Chuck Schumer got the name changed, but otherwise it is
moving forward. Around three o'clock in the morning DC time,
the remaining Republicans came on board for a rule that
sets up the vote to finally happen. Today we've got
hockeym Jeffries. It's about our three of talking now. It's unbelievable.
Speaker 1 (28:56):
It was before I went on the air, wasn't It
was in the fourth Central hour he began, Yeah, I
think yeah, So I think that's just about when he started.
Speaker 3 (29:04):
So let's see how long he goes.
Speaker 10 (29:06):
I think Speaker Johnson was hoping to start the voting
around eight o'clock Eastern time. Obviously we passed that, but
after Leader Jeffrey speaks, then it's going to be Speaker
Johnson's turn.
Speaker 3 (29:17):
He certainly won't be going as long as they'll try
to finally push this thing over the line.
Speaker 1 (29:21):
When was the breakthrough in terms of the president posted
on social media last night? I think the final arm
twisting had been done, and then it wasn't until about
three in the morning that I think the Speaker knew
he had the votes, and then it was about debating
the rules and timing of the debate and then the
vote would come. I think all indications are this is
going to be a reality sooner or later, and if
(29:44):
a team has any say it's going to be later.
But all right, yeah, but when did the breakthrough really happen?
Speaker 10 (29:50):
Yeah, it was three twenty Eastern time that they finally
came around to having that vote that set the rules
so that we could have the full vote later today.
And look, look it was Republicans tracking their feet. They
were the ones who were voting no on this thing.
They got up to five no votes. Congressman Massey was
a yes that it was a no, then it was
a yes again. So a lot of this delay was
(30:12):
what two record breaking votes that were held in the past, oh,
I guess eighteen hours or so that were delayed because
of the Republican protest to some of the changes that
the Senate made to the bill.
Speaker 1 (30:25):
I know I can add lib with you because you're
fluent in all of these topics. I pay the did
he not? You know, you're good the did he trial?
We knew this from the very beginning. I mean, where
were you going with Rico? Where were you going with racketeering?
Where were you going with sex trafficking? You know, it
is interesting today we have a tale of two different cases,
and one case you see the prosecution withou delusionally going
(30:49):
for everything, and in another where they could have gone
for the death sentence, taking the easier path in the
trial with Coburger. It is amazing to contrast these two cases.
But I mean, unless you believed, you know, all those
different names were different people. You know, he has seven names,
but it's all the same guy. I mean, where did
they think they were going? And they didn't get it
(31:09):
as predictable as it was, right, I think they could
have gotten trafficking. I think that was a great one.
Rico was a real stretch. But the trafficking in terms
of taking people to different states who were being paid
to be there or against their will and being abused
and beaten. When you look at the elevator video, I
think you could have made a case there. They didn't
charge just on the simple assault by the way.
Speaker 10 (31:31):
But yeah, so it's waiting and say, I mean, I
think overall it's a big win for the defense just
to get these two other convictions, which could still get
him significant jail time added on to the ten months
he's already served waiting for this trial. And as for
the Idaho case, yeah, you know, look, the families are
split on this. I think we've got one outspoken family
(31:52):
saying they're pleased with this decision to avoid a trial.
At least two other families have said they wanted to
see the death betal do you pursued? You know, puts
prosecutors in a tough spot. So what do we make
in the end.
Speaker 1 (32:06):
You know, my son does this to me, and they're
great resets and I like to bring them on the year.
Speaker 3 (32:11):
You know. Well, one question was what is racketeering? The
recketeering was right.
Speaker 1 (32:15):
And and the history of that and Rico and how
that was used by Giuliani to ultimately get the mob,
how it really didn't apply to this. But when somebody
asks you, what do we learn from this Didy trial?
I guess his worst days are ahead. I think in
civil trials the criminal was always going to be the tougher,
and especially he said, but how do you boil it down?
Speaker 3 (32:34):
What did we learn from all that?
Speaker 1 (32:35):
I mean, obviously this is a debaucherous lifestyle of a
sick and famous guy.
Speaker 3 (32:39):
But what's the legal lesson?
Speaker 10 (32:41):
You think, Well, it's a lot of this is about Cassie,
the ex girlfriend, right, she got this big payout, settled
a civil suit. But then the video comes out, and
that's then what led to the federal investigation going on
here because things were crossing state lines. It gets complicated
with La Miami things like that. You can see how
this ended up the lap of prosecutors. But it might
(33:02):
be a bit. I'm afraid it might scare off people
from coming forward to tell their stories. Granted, you know
she got this cash settlement, but a lot of other
people have not yet, And we're setting things up here
for a lot of future civil sessions.
Speaker 1 (33:18):
But yeah, and Murri's can put a lot of this
into perspective. I'm sure in the weekend dive, which you'll
be hearing on hundreds of my heart stations, but on
demand on your heart.
Speaker 10 (33:27):
To stop, we can just get the news to stop
for one minute so I can do this show.
Speaker 3 (33:31):
That would be great, please. You know what was funny?
Speaker 1 (33:33):
Red said this earlier when we were starting. Remember when
days before holidays used to be slow news days.
Speaker 7 (33:38):
Yeah.
Speaker 1 (33:40):
More though, Hey, got happy Independence Day, and I'll I'll
talk to you again on Monday.
Speaker 3 (33:46):
And you talk to you Monday. Thanks.
Speaker 1 (33:47):
All right, that's it. One chance to live this Thursday,
July the third. You'll never get to live it again.
Make a difference in someone's life. Make sure you cherish
your own and make it count. As for Independence Day,
make sure you celebrate our documents, our history accurately. And
whatever travel you do, safe travels, whatever celebrating or eating
(34:10):
or visiting you do, make some memories.
Speaker 3 (34:11):
And we'll see you back here Monday. We're all in
this together.
Speaker 9 (34:14):
This is your Morning Show with Michael Ndel Joano
Hey, it's Michael. Your morning show can be heard live
each weekday morning on great stations like thirteen sixty The
Patriot in San Diego, News Talk, one oh six point
three and AM eighteen eighty WM EQ oh Claire, Wisconsin
and one oh four nine The Patriot and Saint Louis, Missouri.
Would love to be a part of your morning routine.
But so glad you're here now. Enjoy the podcast on.
Speaker 2 (00:19):
Two three starting your morning off right. A new way
of talk, a new way of understanding, because we're in
this together.
Speaker 3 (00:30):
This is your Morning Show with Michael o' gill chordan.
Speaker 1 (00:35):
Seven minutes after the hour, Good morning and welcome to Thursday,
July the third you of Our Lord, twenty twenty five.
Speaker 3 (00:41):
If you're joining this day already in progress.
Speaker 1 (00:43):
They work through the night, arm twisting aside. The speaker
has his votes necessary to take a vote. They negotiated
the debate rules, and the debate is on. It is
expected to conclude somewhere.
Speaker 3 (00:58):
Around nineties turn.
Speaker 1 (01:00):
Eight am Central in theory, then a vote, which in
theory will pass the Big Beautiful bill and it will
head to the President's big beautiful desk and potentially on
this July third, rather than tomorrow on July fourth, So
we're keeping an eye on the Big Beautiful Bill. The
Pentagon says the US strikes of nocked Aroon's nuclear program
back at least two years. Trump and the US have
(01:22):
struck a trade deal with Vietnam, and the fourth of
July travel period is in full swing. Triple A predicting
seventy two million people will venture at least fifty miles
from their home. We traveled last Independence Day, this Independence Day,
where we are staying at home. It kicks off today
with giant needles in my herniated discs that I'm not dreading.
(01:47):
I'm looking forward to going and seeing Jurassic World. I'm dreading.
What's the difference? What is the state of the US economy?
If you ask a simple question of one of the
smartest brains on planet Earth economists in mind, he was
David Bonson, and how might this Big beaut Beautiful Bill
impact that most people haven't read it.
Speaker 3 (02:05):
Most people don't know what's in it.
Speaker 1 (02:07):
They're just narrative repeating talking points either from the far
left or the far right. But what's really in it
that we could anticipate the impact on the economy that's
the weekly conversations we had with our money was David,
good morning, Well.
Speaker 3 (02:20):
Good morning, Michael.
Speaker 4 (02:21):
So good to be with you as always.
Speaker 1 (02:23):
You don't mind that I think you're one of my
smartest brothers ever, do you?
Speaker 4 (02:28):
As long as you don't mind that, I love being
on with you.
Speaker 3 (02:33):
So let me ask you just the point blank question.
Speaker 1 (02:37):
Let's put all of talk radio, all of politics and
partisan politics, and.
Speaker 3 (02:42):
It's got to be so.
Speaker 1 (02:43):
I can't think of anything more frustrating than being a
student on the economy. Well, I do, because I'm a
student on foreign policy, and I know how ignorant most
people are of the real issues. But if I were
to ask you just point blank, what is the state
of the US economy, what would your answer be.
Speaker 5 (03:01):
That short term, there's a lot of uncertainty in terms
of the kind of last you know, year, and next
six months. There's some good things going on and some
questions and.
Speaker 3 (03:14):
Then the big picture, and all I really.
Speaker 4 (03:16):
Care about is long term.
Speaker 5 (03:18):
The economy is very much handicapped by the excessive government
debt that we've taken on and that we have no
will to do anything about. And yet we are such
a strong economic powerhouse in terms of our productive capacity
that you know, the world keeps on turning. That we
(03:38):
have a lot of grace with the way in which
we mismanage our resources that we seem to take a
lot of advantage of.
Speaker 1 (03:46):
But it can't go on forever, and we can't kick
the can forever, And the longer we wait to address
some of these issues, the more difficult it is going
to be. And that goes for so security that goes
for Medicare, Medicaid, but especially with the economy and ignoring debt.
Speaker 6 (04:00):
Right, well, it's certainly true that it can't go on forever,
but I don't know how to apply that statement into
anything practical, because how long it can go on and
what it looks like when it quote unquote can't go
on are not things I know the answer to.
Speaker 4 (04:19):
And so I'm constantly humbled by history.
Speaker 5 (04:22):
I graduated high school when Reagan was leaving office and
we had a little bit less than one trillion dollars
of national debt. We now add double that to the
national debt every single year, and our economy has grown
six x since then.
Speaker 4 (04:41):
So there is a sense.
Speaker 5 (04:43):
In which I always am really fearful of the doomsdays
because they are wrong constantly, and yet I'm even more
fearful of the pollyannish people that just believe we should
ignore things, and I hold it in total contempt the
politicians that don't the courage to do anything about it.
Speaker 1 (05:02):
That's a multiple. David Bonson with a Bonson Financial Group.
He also presides over the Dividend Cafe at Dividendcafe dot com.
You bring up that the history of taxation and the
history of debt are two really easy things to google
and look at, and you know, we're talking about in
the course of a lifetime. As we approach the two
hundred and fiftieth year of this nation next year, for
(05:25):
a lot of us will be mindful of how we
lived the bi centennial as children, and how America looks
differently at two hundred and fifty. I can tell you
that the very house my father bought that we were
living in in nineteen seventy six was roughly sixty six
thousand dollars. That house would be probably four hundred thousand
dollars today, So real quickly you get to a scenario
(05:46):
where the cost of living is what has changed the most,
and by and large, how the salaries keep up with that,
But there's no question what the debt does to cost
of living is there.
Speaker 5 (06:00):
So I don't see the government debt as an impact
to cost of living. The sixty six thousand going to
four hundred thousand in the value of a home is
more or less very comparable to how wages have grown.
It is not exactly how wages have grown, because some
wages have grown more than that and other wages have
grown less. And so when you look at when you
(06:21):
look at the aggregate, you might think everything looks okay.
But then the problem is there's some who have won
more and some who have lost more, and and that
becomes difficult in a democracy that have not end up
getting mad at the haves, and you get a populist
resentment around all of it. And so it's incumbent upon
us to look to where policies might be discriminatory. I
(06:44):
don't mean discriminatory in that some people that the market values,
you know, certain technology services higher than it values certain
other services, or whatever the case may be. That that
is part of a dynamic, market based economy. What I
mean by discriminatory is the government picking.
Speaker 4 (07:02):
Winners and losers.
Speaker 5 (07:03):
And I think that there's a lot of that has
happened too, and I'm deeply resentful of it. It's the
big reason, Michael, I'm so vehemently opposed to tariffs, because
I think they represent the government picking a winner and
a loser in an economy. But I will say that
the point you bring up about government debt still has
a tremendous impact, even if I don't think it's primarily
(07:23):
in cost of living. It is in the miss out,
It is in an altering of resources.
Speaker 3 (07:28):
Right, No, government's a certain amount.
Speaker 1 (07:30):
Yeah, the government spends most of its money paying down
debt than providing services. Therefore, it can't be all things
to all people. It never could, but now it literally can't.
In fact, it probably can't even cover the priorities.
Speaker 7 (07:42):
Right.
Speaker 5 (07:43):
Well, yeah, but there's one really, really really mistaken word
you used, and it's kind of an innocent mistake. You said,
the government is using most of its money or more
of it no money to pay to pay it on debt.
The government doesn't have any money, and so what you
have to do is understand economically this thing called NAT income,
all right, and that is the total amount of savings,
(08:05):
whether it is in the household, corporate or governmental sector.
If you view it as one issue and then say
there is now more government debt meaning less government income,
then the national income has gone down, the national savings
has gone down. Ergo, the national growth must go down.
(08:25):
This basic algebraic fact.
Speaker 4 (08:28):
Of life is what is most often missed.
Speaker 5 (08:30):
There's no scenario by which the country does not get
poorer when you have more national debt period, and that's what.
Speaker 4 (08:37):
We're dealing with.
Speaker 1 (08:39):
David Bonson is joining us from the Bonson Financial Group.
This is all to set up the obvious question of
the hour, the Big Beautiful Bill, and I recognize it's
over a thousand pages and it was changing up until
the middle of the night. Very few people understand what's
really in it. They have some talking points, they have
some narratives, but by and large understanding the state of
our economy, the state of the debt problem, and what
(09:01):
it impacts. Is the Big Beautiful Bill the first step
towards securing and not having the largest tax cut tax
increase right now, but securing the tax cuts and taking
steps towards addressing debt, or.
Speaker 3 (09:15):
Is it a step further in the ignoring direction. I'm
going to first give a very quick answer and if
you don't mind.
Speaker 4 (09:22):
I'd love to answer your question with a question.
Speaker 5 (09:24):
First, there isn't a tax cut per se, other than
a few things that the Senate actually made better, which
I really do like around the corporate side, and the
Senate had the guts to make them permanent where the
House wanted them to go away in three or four years.
But I refuse to call it a tax cut to
keep the same tax rates that people had last year.
Speaker 4 (09:46):
I know what we would be saying if Barack Obama
did that or Joe Biden did it.
Speaker 5 (09:51):
It is not a tax cut to keep the same
tax rates, and it is certain not the biggest tax
cut in human history. It is death really needing to happen.
Is the goodest thing that's happening. But that's not really
what people would upset.
Speaker 4 (10:05):
About with this bill. And that leads me to my question.
Speaker 5 (10:09):
If there wasn't a single change in the bill, not
one word was different, and Joe Biden was president right now,
how many Republicans would.
Speaker 4 (10:17):
Be voting to this bill.
Speaker 3 (10:19):
Well, they would have I know the answer.
Speaker 1 (10:21):
Well, they would have certainly been interested in doing a
lot of us were interested in the beginning. Let's start
with securing the tax cuts so they don't expire, and
then moving on to other debates. By lumping it all together,
I suspect they would have been debating like the Democrats
are debating right now.
Speaker 5 (10:39):
Yeah, well, the Democrats are debating this honestly about cuts
to medicaid.
Speaker 4 (10:44):
When we're not cutting medicaid.
Speaker 5 (10:46):
The Republicans would then as long as they knew they
were going to lose, as long as they knew they
didn't have a majority, as long as they knew they
weren't in power, then the Republicans would decide to debate
the increase to deficit. But because Theublicans are in power,
because there's a Republican president, we now don't have the
luxury of pretending that we care about adding to the
(11:07):
national debt. There isn't a single Republican who would vote
for this bill, not one if it were a Democrat president,
because we conveniently change our viewpoint on debt when we're
in power. And that's a moral flaw that I'm identifying
that is then exhibited in a policy and economic flaw.
(11:29):
The tax cuts have to be extended. There are some
things in this bill I would call.
Speaker 4 (11:34):
Easter eggs that I like a lot.
Speaker 5 (11:36):
The one hundred percent business expensing is pro growth, there's
funding for border security, there's other things in there, which
is why President Trump wanted to do it as one big,
beautiful bill.
Speaker 4 (11:46):
It's a political trap.
Speaker 5 (11:47):
You know, you can't vote against it for most of
these districts of your Republican congressmen or congresswoman.
Speaker 3 (11:53):
You just can't.
Speaker 5 (11:54):
And the fact that the President had to go kind
of work the phones to get it over the edge.
There is a very very strong constituency in Congress that
believes their job is to be a cheerleader for the president.
I just vehemently disagree with that understanding of the Constitution
and the separation of powers.
Speaker 8 (12:13):
And if people say, well, David, what else.
Speaker 4 (12:14):
Were we going to do to get the tax cuts extended?
Speaker 3 (12:17):
You're right.
Speaker 5 (12:18):
They could have done it as two separate bills. But
what would they have done is with the second bill.
With the second bill, would they have gone then the
tax spending. With the second bill, would they have announced
a massive fan.
Speaker 4 (12:27):
To take on entitlement reform? No, they would not have.
Speaker 5 (12:30):
And that's the reason I'm critical is not because I
didn't want to extend the Trump tax cuts.
Speaker 4 (12:34):
They needed to extend the Trump textets.
Speaker 5 (12:37):
But the fact that they weren't willing to use their
own political leverage to do it courageously discuss me.
Speaker 1 (12:43):
The last question would be on this heavy weight of
uncertainty on the economy, Does this impact that at all?
Speaker 4 (12:53):
Oh? No, of course not. This has nothing to do
with it.
Speaker 5 (12:55):
There was never any uncertainty that they were going to
extend the Trump tax cuts. The second that they gave
the announcement on the night of the election.
Speaker 3 (13:05):
Kamaa Harris is lost. Donald Trump has won.
Speaker 4 (13:08):
It was done.
Speaker 5 (13:09):
We knew that night they were going to extend the
Trump tax cuts. That moment I went to bed knowing
I didn't know when and how and what bill?
Speaker 3 (13:17):
And was it one bill? Two bills?
Speaker 4 (13:19):
Was it November? Was it July? Was in April?
Speaker 5 (13:21):
There was the hair on how it was going to happen,
where there was never a doubt that they were going
to extend the Trump tax cuts. The uncertainty we have
in the economy is not related to the Trump tax cuts.
The uncertainty we have in the economy is related to
issues around size of government, regulatory apparatus, energy policy, some
of which the trumpmization is doing a great job tackling,
(13:43):
and then other things like tariffs and trade and economic investment,
how many businesses are investing in the future. Those things
remained to be seen, and I'm cautiously optimistic.
Speaker 1 (13:55):
And that's the state of our economy and how the
big beautiful bill will impact it. Bonson on the Dividend
Cafe this week or are we taking it off for
Independence Day?
Speaker 5 (14:04):
No, it comes out today as a matter of fact,
instead of Friday because of Independence Day, and it's one
of the most important lessons for investors out there.
Speaker 4 (14:13):
In Dividingcafe dot com.
Speaker 2 (14:16):
It's your morning show with Michael del Chano, and.
Speaker 1 (14:20):
Have your morning show without your voice. Keep those talkbacks coming.
There's a microphone if you're listening on your iHeart app.
Press it. It'll count you down three two one gives
you exactly thirty seconds to ask a question, make a comment,
and take your place at this morning's kitchen table. You
can also email Michael d at iHeartMedia dot com for
those of you that prefer to type I just got
this from the home Offish and Adriada. All right, it's
(14:43):
actually Andrea, but Adriada is a reference to Mariada and
Ralph Bristel and the home affish. But anyway, are you
going to be bringing a negative attitude to my dinosaur tepe?
My poor wife has looked forward to this Jurassic World
rebirth for months.
Speaker 3 (14:58):
She bought these days.
Speaker 1 (14:59):
By what it's costing for all five of us to
go see Jurassic World Rebirth, it's not enough. What is
her happiness worth? Well, no, but it's one hundred dollars
for five tickets to a movie. That's that's ridiculous. Make
sure and then it'll be what it'll be sixteen dollars
for a coke, twenty six dollars for a popcorn, and
then the movie is gonna predictably stink, but she'll be happy.
(15:21):
I'm getting needles into the disks of my spine and
I'm looking forward to that. And I'm dreading this movie.
Red and I were going through online. I mean, people
are just ripping it. One guy said, I think I
think they literally wrote this with AI. This script was
written by AI. That's how's thrown together, where logic goes
(15:42):
to become extinct. I mean, the reviews look terrible, but
it did bring in twenty eight million dollars yesterday. They're
expecting one hundred and thirty million over the weekend, and
this is kicking off a whole other series of movies
that they're expecting to make.
Speaker 4 (15:55):
Wow.
Speaker 3 (15:56):
See, you're gonna have a good time. You're gonna get
some family time to get It's kinda feel like a
bottle rocket in the eye, I can tell you that
right now. But I'm gonna put it on. I'm gonna
pull it all together to have a good attitude. By
the time it happens, they're still debating. Missus Patrick from Christiana, Tennessee.
Speaker 8 (16:14):
My morning show is your Morning Show with Michael Dill Jiorno.
Speaker 1 (16:23):
Hey gang, it's Michael. Your Morning show can be heard
live each weekday morning on great radio stations like k
EIB and Los Angeles, WFDF nine ten AM Detroit, Michigan,
the Superstation, and the Rock of Talk sixteen hundred AM
KIVA and Albuquerque, New Mexico. We'd love to have you
listen live every morning, but glad you're here now for
the podcast.
Speaker 3 (16:42):
Enjoy. Thanks for bringing us along with you.
Speaker 1 (16:44):
This is your morning show on the Aaron streaming live
on your iHeartRadio app. It isn't called One Big Beautiful
Bill any longer, but it's now being debated and soon
we'll be voted on in the House of Representatives.
Speaker 3 (16:55):
And then head to the President's desk.
Speaker 1 (16:57):
Freed hamas hostage Aiden Alexand and he's meeting with the President,
the first Lady in the Oval Office today.
Speaker 3 (17:02):
As the President.
Speaker 1 (17:03):
Then we'll head to Iowa to begin the planning and
celebration of America at two hundred and fifty. On this
the eve of its two hundred and forty ninth birthday,
we are expecting seventy two million Americans to venture out
and travel this fourth of July. Whether you're on the
road or at home, we wish you a very, very
happy and safe Independence Day from all of us at
(17:23):
your morning show.
Speaker 3 (17:24):
All right, it's a special day. It's not Friday. All
Hail to the Chief.
Speaker 1 (17:31):
It's Thursday with forty seven, mister President.
Speaker 7 (17:34):
Good morning, Well, good morning to you, Pizza Bull. You
know today is Thursday, but it identifies this Friday. We'll
make it work, right, because we have a beautiful holiday
tomorrow and we have a you know, we've got a
tremendous occasion.
Speaker 8 (17:47):
We've got hockeym Jeffries on the floor who won't.
Speaker 7 (17:49):
Be quiet this guy's gotta stop. You know, there's enough
carbon emissions in the House of Representatives. He's going to
get kicked out of his own party.
Speaker 4 (17:56):
I can tell you that he has.
Speaker 1 (17:58):
Been talking since before we went on. I think he's
at over three hours now, isn't he.
Speaker 7 (18:03):
Well, he's going for too long.
Speaker 8 (18:05):
You know, over three minutes would be too much.
Speaker 7 (18:07):
Hot Team Jefferies. But he's going way too long. And
this guy, he's got a lot of problems. I think
a lot of mental problems among other things.
Speaker 8 (18:14):
But he's got a lot of problems.
Speaker 1 (18:15):
I can tell you that you posted that it's inevitable
the big beautiful bill is going to be coming to
your desk, and that this is not a victory for
you or a victory for the Party. This is a
victory ultimately for the American people. This is, I guess,
another arrow in your quiver of victories.
Speaker 7 (18:33):
Well, we win like nobody's ever won before, and we're
going to continue to do that. You know, we had
Alligator Alcatraz earlier this week, which we happened to like
a lot, and we're offering something called the Alligator Alcatraz Challenge,
which if you haven't heard about, it is if you're
an illegal alien bad Ombray and you tried to escape
and you survive the gators, you get citizenship. If not, well,
(18:57):
you know it's not very good. But we love the
Alligator Alcatraz. It's tremendous and we've been winning like nobody's
ever seen. Supreme Court Israel ceasefire. But we are doing
so well. We may PUTJKEM Jeffries, by the way, an
Alligator Alcatraz. Well, maybe will put it outside of Alligator Alcatras,
says that will solve this problem. I can tell you that.
Speaker 3 (19:17):
Well.
Speaker 1 (19:18):
The one thing I didn't like is that you were
so impressed with Alligator Alcatraz that you're interested in the
original Alcatraz, which I don't want you to touch because
I haven't taken my son there yet.
Speaker 3 (19:29):
It's one of my favorite attractions to visit.
Speaker 8 (19:32):
Visit not lest well, you know, we have we.
Speaker 7 (19:34):
Have Alligator Alcatraz. You know I love the original Alcatraz.
It's named after me. It's called the Rock. But but
you know what's happening. You look at Alligator Alcatras. We'll
have to settle for that five thousand events and the Gators.
We have the greatest gators. Nobody's ever seen alligators.
Speaker 3 (19:52):
Like we have great gators.
Speaker 7 (19:53):
I get along well.
Speaker 8 (19:55):
You know, you took the words of out of.
Speaker 7 (19:56):
My mouth, takes the way.
Speaker 8 (19:57):
I get along very well with them.
Speaker 7 (19:58):
These are tremendous a by the way, these are beautiful animals,
not like disgusting animals like Rosie o'donnald. They have huge teeth.
Their teeth are tremendous. Their teeth are bigger than Kappy
Hochel's teeth. I called her the buck tooth botox banded
a buffalo. Right. You look at those teeth. They're bigger
than her teeth. You look at them. They also otherwise,
you know, you look at bloodthirsty reptiles. By the way,
(20:20):
no gaps like Stacy Abrams, she's got a problem. But
you look at these gators. They also keep their teeth
in their mouth, and like Nancy Pelosi, who happens to
be a bloodthirsty reptile herself as his crooked Hillary Clinton.
Speaker 4 (20:32):
So I get along very well.
Speaker 7 (20:35):
But we're doing very very well with alligator, alcatras, the pythons.
They'll squeeze you harder than Chris Christy squeezes his you know,
backside after pizza hut. Let's talk about it. But you
look at these gators, and you look at these snakes,
and you look at everything we love Alligator Alcatras. You
know what a slugging is. Pizza boy, Alligator Alcatraz, where every.
Speaker 3 (20:58):
Huan is welcome.
Speaker 1 (21:01):
You cannot say Thursday with forty seven Special Edition. I'm
just sitting here thinking, you know, the Iyatola basically saying
he's ready to talk as long as you stop bombing.
Speaker 3 (21:15):
So obviously that was successful.
Speaker 1 (21:17):
You're now, I mean, you carry that out and then
negotiated peace within thirty hours. Now you're negotiating to cease fire.
I can only imagine Ukraine and Russia's next. I was
looking over the immigration numbers, Oh my goodness, from one
hundred and forty to two hundred and twenty thousand a
month and twenty two, twenty three, and twenty four trying
to break into the country that was down to six thousand.
(21:39):
The entries was down from like forty thousand in the
months prior to in twenty four, twenty three, and twenty
two to zero again for the second month in a row.
You were just so re. I guess I just go
through all of this out, not like Sean Hannity and
go through the whole laundry list.
Speaker 3 (21:57):
But I mean, after this big beautiful bill, what's left.
Speaker 7 (22:01):
Well, you look at it, by the way you look
at the border. We have a perfect border. Right.
Speaker 8 (22:04):
For the last two months we have Tom Holman, I
call him.
Speaker 7 (22:07):
I call him the hominator, right. You look at him,
he's the hominator, right, and he looks at people like
Arnold Schwortz. Nigga says, you will not be back right,
You're going, uh, you know, alas to get the hell
out of here audio some he goes, right. I got
along well with the terminator.
Speaker 3 (22:27):
I got along well.
Speaker 7 (22:28):
With a lot of people.
Speaker 8 (22:29):
I get along well with everybody. Really, when you look
at it, I get along well with everybody. I also
got a look very well with Thomas Jefferson.
Speaker 7 (22:36):
You know, we wrote the Declaration of Independence together, and
believe it or not, before we adopted it in the
highly respected Constitutional and Continental Congress. You look at the
Continental Congress.
Speaker 4 (22:47):
We wanted to.
Speaker 7 (22:48):
Adopt the Declaration of Independence, but Thomas massy can try
to block him.
Speaker 8 (22:52):
Did you believe it?
Speaker 4 (22:53):
He was unbelieve didn't.
Speaker 7 (22:54):
Want to spend money on the war what a stupid guy.
And Massey when you look at him, his haircut looks
like I under Coopinguini. He's got to do.
Speaker 8 (23:01):
Something about that.
Speaker 7 (23:03):
But you look at you look at what we were
looking at, and you're saying it. We did so well
on the border home and zero releases into the United States.
Speaker 8 (23:13):
And May zero releases into the United.
Speaker 7 (23:15):
States, and Jude perfect. It was perfect like Don Larson's
perfect game. And I taught him how to pitch, right,
I taught him how to pitch.
Speaker 4 (23:24):
But it was perfect.
Speaker 7 (23:25):
The border has been so perfect, and we're going to
continue to make it perfect. I could tell you.
Speaker 1 (23:30):
That, Uh just wondering, did you call Thomas Jefferson Thomas sir?
Speaker 3 (23:34):
Or to Tommy Boy?
Speaker 7 (23:38):
I said, Tommy Boy, get over here. We have to write,
we have to look. You know, this is when I
learned how to write those beautiful It was the first
mean tweet in.
Speaker 8 (23:47):
History, right, the Declaration of Independence.
Speaker 7 (23:50):
And we wanted my draft to that thing. We said,
King George is a loser. He's a loser. He's a
horrible person. He said, sir, you can't write that. You
have to it differently, And so we did the long
trail of abuses and all of it. Yeah, look at
And I told well, I was going to write I
wrote it a little differently, and we were going to
(24:11):
post it on Truth Social Hope. We couldn't do that,
Tommy Boy said, we couldn't do that. And you had
Massy trying to block and the judges, these bad people.
But I got along very well with Thomas Jefferson. I
got a little well with Ben Franklin. I got a
low well with John Adams, great guy, John Hancock. I
told John Hancock, you have to make your signature huge,
(24:33):
and he did it.
Speaker 3 (24:34):
Yours is huge, and so it is.
Speaker 1 (24:37):
No, but wasn't it you that told Thomas uh, Benjamin Franklin,
go fly a kite, and that's how everything started.
Speaker 7 (24:44):
Well, I said, you fly the kite, you're gonna have
a shocking experience.
Speaker 8 (24:47):
And he did, and we had electricity.
Speaker 7 (24:50):
So we did tremendously well, you know, I found I
created a lot. I built the pyramids, I built the
sphinx h I created fire. Right. I was with those
caves met and I said, you people of stupid people,
you have to make fire.
Speaker 4 (25:01):
They made fire.
Speaker 8 (25:03):
It really was a tremendous time.
Speaker 7 (25:04):
But you look at the Declaration. You look at the
Continental Congress, you look at George Washington, who was a
great friend of mine, Georgie, wonderful guy, and he did
so well at the Battle of Saratoga. I told him,
I said, George, you have to do a three pronged attack.
Speaker 8 (25:20):
He said, I'm not gonna do it.
Speaker 7 (25:21):
I said, you have to do a three pronged Don't
worry about Benedict Donald.
Speaker 8 (25:24):
He's a loser.
Speaker 7 (25:26):
Three pronged attack and you'll eat Cornwallace's lunch. And he
did that unbelievable job.
Speaker 1 (25:32):
One a tremendous jobs posting moments with those, I think
I just peed a little bit.
Speaker 7 (25:38):
I do.
Speaker 4 (25:39):
I think I did well.
Speaker 7 (25:40):
Now you have something in common with crooking Joe. You
know I can competent continent right, it's horrible.
Speaker 1 (25:46):
So Finals Thursday with forty seven CBS and Paramount have
to give you a check for sixteen million times.
Speaker 3 (25:52):
That may be the sweetest of all victories. I don't
know why I enjoyed that one so much.
Speaker 7 (25:56):
What are you gonna do with the money, Well, they're
gonna We're gonna use it to build the greatest presidential
library in history. You know, we have fifteen million from
ABC from George snuffle up against or swamp A Dappolis,
what a stupid guy. And now you have CBS and
they deceptively edited the word salad queen right, Kamala. They
(26:16):
deceptively edited Kamala and made her look like a very
smart person, which, by.
Speaker 4 (26:21):
The way, is very hard to do.
Speaker 7 (26:22):
It's very hard to make her look like a smart person.
But she's a stupid person. And they lied about it,
and they got caught and now they're paying up. And
we're going to build a beautiful library, beautiful Trump presidential library.
Every book will be carved out of solid, solid gold,
solid gold. It's going to be tremendous.
Speaker 1 (26:41):
Not that I cannot tell you how exciting it was.
I was sitting here thinking, you know, it's just not
going to be right, you know. I mean, yeah, I'm
looking forward. I got a procedure today, but after that,
you know, a really bad movie and then I can
sleep in tomorrow. But it wouldn't be the same about
having it. Then we get notification from the White House
that you would join us on a Thursday, mister presis
and I'm so grateful. I know you got to sign
(27:02):
a big, beautiful bill once they finally voted, which should
happen later this morning, and then it's off to begin
the two hundred and fifty years celebration of our country.
But thank you for finding time for us on this
very very special Thursday with forty seven. Mister President. We
all say hail to you. You are the Chief, You
are the one we say hel to. Thank you so
much for your time this day.
Speaker 8 (27:23):
Thank you, Peter Boy. Good luck at you proceeds here.
Speaker 7 (27:25):
We ope it proceeds well, and we will talk to
you next week. God bless you.
Speaker 3 (27:30):
He got along great with epidurals too. President.
Speaker 9 (27:34):
This is your morning show with Michael del Chrono. That
is the very talented and gifted Sean Farrash. And by
the way, nobody's trying to pull a wold over your eyes.
The problem is he sounds and act so much like
Donald Trump. You can't tell him apart. I don't know
if that affects a humor, but never affects it for me.
I laugh till I die.
Speaker 1 (27:53):
If you ever want Sean, maybe it's an anniversary of
birthday or some kind of a celebration, you want him
to do a record for someone you love, you can
get in touch with him at Farachemedia dot com faar
Ash Farachemedia dot com and our thanks to Sean and
making a very special Thursday with forty seven prior to
(28:14):
Independence Day. All right, I don't know if the Democrats
are ever going to stop talking, but they got too.
Sooner or later and there will be a vote. And
I suspect the Big Beautiful Bill is about the head
of the big beautiful resolute desk of the Oval Office.
Roy O'Neil is our national correspondent joining us, although it
isn't called the one Big Beautiful Bill any longer.
Speaker 3 (28:34):
Yeah, that's the only Democratic win here.
Speaker 10 (28:36):
Chuck Schumer got the name changed, but otherwise it is
moving forward. Around three o'clock in the morning DC time,
the remaining Republicans came on board for a rule that
sets up the vote to finally happen. Today we've got
hockeym Jeffries. It's about our three of talking now. It's unbelievable.
Speaker 1 (28:56):
It was before I went on the air, wasn't It
was in the fourth Central hour he began, Yeah, I
think yeah, So I think that's just about when he started.
Speaker 3 (29:04):
So let's see how long he goes.
Speaker 10 (29:06):
I think Speaker Johnson was hoping to start the voting
around eight o'clock Eastern time. Obviously we passed that, but
after Leader Jeffrey speaks, then it's going to be Speaker
Johnson's turn.
Speaker 3 (29:17):
He certainly won't be going as long as they'll try
to finally push this thing over the line.
Speaker 1 (29:21):
When was the breakthrough in terms of the president posted
on social media last night? I think the final arm
twisting had been done, and then it wasn't until about
three in the morning that I think the Speaker knew
he had the votes, and then it was about debating
the rules and timing of the debate and then the
vote would come. I think all indications are this is
going to be a reality sooner or later, and if
(29:44):
a team has any say it's going to be later.
But all right, yeah, but when did the breakthrough really happen?
Speaker 10 (29:50):
Yeah, it was three twenty Eastern time that they finally
came around to having that vote that set the rules
so that we could have the full vote later today.
And look, look it was Republicans tracking their feet. They
were the ones who were voting no on this thing.
They got up to five no votes. Congressman Massey was
a yes that it was a no, then it was
a yes again. So a lot of this delay was
(30:12):
what two record breaking votes that were held in the past, oh,
I guess eighteen hours or so that were delayed because
of the Republican protest to some of the changes that
the Senate made to the bill.
Speaker 1 (30:25):
I know I can add lib with you because you're
fluent in all of these topics. I pay the did
he not? You know, you're good the did he trial?
We knew this from the very beginning. I mean, where
were you going with Rico? Where were you going with racketeering?
Where were you going with sex trafficking? You know, it
is interesting today we have a tale of two different cases,
and one case you see the prosecution withou delusionally going
(30:49):
for everything, and in another where they could have gone
for the death sentence, taking the easier path in the
trial with Coburger. It is amazing to contrast these two cases.
But I mean, unless you believed, you know, all those
different names were different people. You know, he has seven names,
but it's all the same guy. I mean, where did
they think they were going? And they didn't get it
(31:09):
as predictable as it was, right, I think they could
have gotten trafficking. I think that was a great one.
Rico was a real stretch. But the trafficking in terms
of taking people to different states who were being paid
to be there or against their will and being abused
and beaten. When you look at the elevator video, I
think you could have made a case there. They didn't
charge just on the simple assault by the way.
Speaker 10 (31:31):
But yeah, so it's waiting and say, I mean, I
think overall it's a big win for the defense just
to get these two other convictions, which could still get
him significant jail time added on to the ten months
he's already served waiting for this trial. And as for
the Idaho case, yeah, you know, look, the families are
split on this. I think we've got one outspoken family
(31:52):
saying they're pleased with this decision to avoid a trial.
At least two other families have said they wanted to
see the death betal do you pursued? You know, puts
prosecutors in a tough spot. So what do we make
in the end.
Speaker 1 (32:06):
You know, my son does this to me, and they're
great resets and I like to bring them on the year.
Speaker 3 (32:11):
You know. Well, one question was what is racketeering? The
recketeering was right.
Speaker 1 (32:15):
And and the history of that and Rico and how
that was used by Giuliani to ultimately get the mob,
how it really didn't apply to this. But when somebody
asks you, what do we learn from this Didy trial?
I guess his worst days are ahead. I think in
civil trials the criminal was always going to be the tougher,
and especially he said, but how do you boil it down?
Speaker 3 (32:34):
What did we learn from all that?
Speaker 1 (32:35):
I mean, obviously this is a debaucherous lifestyle of a
sick and famous guy.
Speaker 3 (32:39):
But what's the legal lesson?
Speaker 10 (32:41):
You think, Well, it's a lot of this is about Cassie,
the ex girlfriend, right, she got this big payout, settled
a civil suit. But then the video comes out, and
that's then what led to the federal investigation going on
here because things were crossing state lines. It gets complicated
with La Miami things like that. You can see how
this ended up the lap of prosecutors. But it might
(33:02):
be a bit. I'm afraid it might scare off people
from coming forward to tell their stories. Granted, you know
she got this cash settlement, but a lot of other
people have not yet, And we're setting things up here
for a lot of future civil sessions.
Speaker 1 (33:18):
But yeah, and Murri's can put a lot of this
into perspective. I'm sure in the weekend dive, which you'll
be hearing on hundreds of my heart stations, but on
demand on your heart.
Speaker 10 (33:27):
To stop, we can just get the news to stop
for one minute so I can do this show.
Speaker 3 (33:31):
That would be great, please. You know what was funny?
Speaker 1 (33:33):
Red said this earlier when we were starting. Remember when
days before holidays used to be slow news days.
Speaker 7 (33:38):
Yeah.
Speaker 1 (33:40):
More though, Hey, got happy Independence Day, and I'll I'll
talk to you again on Monday.
Speaker 3 (33:46):
And you talk to you Monday. Thanks.
Speaker 1 (33:47):
All right, that's it. One chance to live this Thursday,
July the third. You'll never get to live it again.
Make a difference in someone's life. Make sure you cherish
your own and make it count. As for Independence Day,
make sure you celebrate our documents, our history accurately. And
whatever travel you do, safe travels, whatever celebrating or eating
(34:10):
or visiting you do, make some memories.
Speaker 3 (34:11):
And we'll see you back here Monday. We're all in
this together.
Speaker 9 (34:14):
This is your Morning Show with Michael Ndel Joano
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