Does Trump Know What He's Doing with the Economy?

Episode Transcript

Speaker 1 (00:00):
This is Nancy Shack sitting in for Jeff Cuoner. Also
know any Sandy and a text number seven zero four
seven zero two oh seven says farm equipment runs on diesel,
which has gone up forty percent at a cost to food.
So yeah, so what Tommy from West Virginia was talking
about in regard to fuel costs and so forth too,
and some other callers as well. Yeah, that adds you know,

(00:23):
so Donald Trump going after illegal immigration, which affects everything,
and fuel costs, which affects everything, are both going to
have I think positive effects on the economy moving forward.
We were talking about and with the last call with
Ellen and Lowell, we were talking about how bad Massachusetts
Governor Heally is for the economy. And we've talked this

(00:43):
morning also about Washington State because we've had some callers
and textures from there. We can't leave California out of
this mix, I have to say, because California is a
you know, used to be the Golden State and it's
now a disaster. And not only are they in the
process of tanking their own economy, but they're also getting

(01:04):
their fingers into other people's economies as well. But also
the DOJ is suing California, in particular Governor Newsom and
the ag out there Rabanta for prohibiting farmers across the
country from using commonly accepted agricultural methods that helps keep

(01:28):
eggs affordable. So they are one of the reasons why
your egg prices were up. It was from the Department
of Labor is trying to remove sixty six zero sixty
obsolete workplace regulations that are affecting things, and so that's.

Speaker 2 (01:49):
A really big deal.

Speaker 1 (01:50):
So the regulations in a blue state can affect the
prices in a red state if they make it difficult
to deal with them, to trade with them, to be
part of their economy. And I think that's what's happened,
as well as the federal policies that were bad under Biden.
So that's that's part of what's happened. Meanwhile, you have

(02:14):
these social policies that are non business friendly in California
that have that have essentially driven businesses out and caused
the unemployment to skyrocket. California has the highest employment rate
in the nation in the nation, it's I think what

(02:37):
five point five percent in July, and that's the highest
of any of any state in the Union five point
five percent. I mean, that's doesn't that just it just
boggles my mind. And besides that, these the regulations that
they put in effect, the tax issues that they have

(02:57):
put in effect that effect businesses are literally chasing businesses out,
literally chasing them away. And I can give you some
example of that, Bed Bath and Beyond. Bed Bath and
Beyond is leaving California. They're Chairman Marcus I think his
name is Leminas Lamonas I don't know how to pronounce it,

(03:18):
announced that the company is closing all retail stores in California.
He says it's about the reality of California system, which
makes it nearly impossible for businesses to succeed, and he
doesn't want to put his company through it. They'll continue
to ship to customers, but they're cutting out the over regulated,

(03:38):
expensive environments for doing business in the state. So they're leaving.
Would you believe that Playboy Playboy, you know, the iconic
Playboy mansion. They're leaving LA for Miami Beach. It's moving
its corporate headquarters to Miami. They describe California as hostile

(03:58):
to business. Ben Koon, he's the chief executive, described California
as being anti business, saying the state is an extremely
expensive place to operate. Do you remember when also, don't
forget Elon Musk moved. He moved Tesla to Texas, you know.
And there's a slew of them who have left, Kaiser Aluminum, Next,

(04:22):
entire Align Technology. These are massive corporations have all fled California.
And then and why because California is a bastion of
progressive economic ideas. And I don't mean progressive as in good,
I mean progressive as in the progressive wing of the
Democratic Party. And these policies are destroying the economy of California.

(04:47):
Smaller businesses, not these huge global conglomerations they're leaving. But
smaller business business are also not faring any better since
the mandatory minimum wage went in effective twenty dollars, which
is forcing you know, small business to close they cannot compete.
You've got these mom or pop businesses. Either they are
letting people go because they can't afford to pay the MINIMUIY,

(05:11):
so people are losing their jobs or they're just closing
their doors and then everybody's out of work because they
just they just can't do it. This is what the
progressive economic policies are bringing you and just keep that
in mind. By the way, is Gavin Newsom starts to
put his presidential campaign for twenty twenty eight together and

(05:33):
look what he's seeing when he's done in California. So
you know, liberal elected officials running the state have run
it into the ground because they have no idea what
they are doing. They have no idea how to effectuate
a positive, working economy so that everybody, everybody does better.

(05:58):
That's what a good economy does. To use that tried expression,
a rising tide raises all books. But what the blue
states do isn't a rising tide. What a blue state
does is pick the people who get to who get
to become successful under their administration, not everybody, just a

(06:19):
select a few who they agree with. And when you
narrow down your economic policy like that so that to
increase your voter base without thinking about how all people
can benefit, then you have a train wreck like you
have in California. And it's not just California or Washington

(06:41):
or Massachusetts. There are other states that have fallen into
this trap as well. I think in deciding whether President
Trump is on the right track or not, you have
to look at your own personal economy. Maybe if you
live in Massachusetts, your personal economy might be better in another state,
or maybe if you live in California, it might be
better in another state. But even in blue states, I

(07:03):
think President Trump is trying to raise the standard living
for everybody, even if you live there where they're doing
their best to crush you. So I want you to
look at your own personal environment and tell me do
you have hope on an economic level moving forward? Do
you think things are getting better? Dan in New Hampshire,
Welcome to WRKO. How are you Dan?

Speaker 3 (07:25):
Thank you? Sandy. Totally agree with some of your callers.
I mean, you know, when you're talking about you guys
mentioned a little bit about the illegals, and people got
to realize. Okay. I'm in real estate, Sandy, so I
see it front and center sometimes and I refuse to
take these people. The thing is here is these illegal

(07:46):
criminals all have to be deported. Okay. They're not here
to simulate. They're here the fundamentally destroy traditions, culture, culture
and history. Okay, that's what it is. I've dealt with.
People come here with resident visus, okay, and when they

(08:06):
eventually get their legal status. Okay, they are so happy
they talked about being American.

Speaker 4 (08:15):
They're naughty.

Speaker 1 (08:17):
I'm sorry, Dan. We have to hold you there, hang
on if you will, and we'll come back to you
on the other side of the break, because our breaks
are hard with us. As she always will. At this
time each week is Kelly Kelly of Kelly Financial Services
with our weekly report and what's look forward to this weekend. Kelly.
It's so good to talk to.

Speaker 5 (08:34):
You, same here, C and D. Is so good to
hear your voice. Thank you, So good to hear your voice.
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To get your copy or to speak with a Kelly Advisor,
give us a call or email Kelly at Kellyfinancial dot org. Sandy,

(09:38):
I will continue this conversation with our Kelly Advisors tomorrow
morning at nine am on Safe Money Strategies Radio. Do
tune in or visit our website for our radio rewind Sandy,
have a wonderful weekend.

Speaker 1 (09:53):
You too, Kelly, and thank you so much for checking
in with us. Your Financial Security Deserves Team Planning.

Speaker 2 (09:59):
Call eight eight eighteen eighty one. That's eight eight eight
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free retirement consultation.

Speaker 1 (10:11):
Go retire with them. Speaking of retirement, we're gonna deal
with we're talking about the economy, and if you know,
if you're nearing retirement age, this is seeing the economy
start to uptick is a very very important thing because
if you have an IRA or if you have some
kind of retirement fund, then you're hoping that it's going

(10:33):
to be doing well. And under President Trump, the stock
market has done extremely well. So that's one ndsha of
a good economy. One that's a very bright side. If
you're on Social Security or that's part of your retirement
planned or all of it, then the same thing, you
need to see that your money's going to go further.
And as we discussed earlier, President Trump has already put

(10:54):
into effect with the big beautiful Bill of the fact
that they're not going to tax Security anymore, which is
a big plus. And also there is a move afoot
to increase the percentage that's paid to people so they
can maybe do more than just subsist off of Social Security.
So these are all the things that we have to consider.

(11:16):
If you live in a blue state, I think you've
been dealing with a lot more economic pressures than you
are if you're living in a red state. Dan in
New Hampshire kind of lives in a purple state, don't you, Dan,
how would you describe New Hampshire.

Speaker 3 (11:31):
Well, if we can fix our elections, I think we're
going to find out we're a little bit redder than
we are, Sandy. But I know you're on the economy.
So Steale and I go on that. I mean, first
of all, I gotta say we are doing it to
ourselves a little bit. I mean, we got to stay
away from Amazon and these box stores, and we got
to support local businesses. That's number one, Okay, that's each other,

(11:53):
that's me and you, Sandy, Yeah, okay, And I got
to see you doing a wonderful job, Sandy.

Speaker 6 (11:59):
Thanks.

Speaker 3 (12:00):
And the other thing is we got to look at
the things like the banking system, the corrupt banking system
because Drome powers gets the puppet to the banking cartel,
the globalist banking cartel. But also the fact we haven't had, Sandy,
a market correction, a serious one since eighty nine, nineteen ninety.

(12:20):
We remember that, right, Sandy. And that's right after that
is when the bank is put in the PMI insurance,
it's not for the loanholder. It's the loanholder is paying
for the insurance, but it's to cover for the corrupt,
dirty banking cartel so they don't lose any money. And
that's what's a big piece why we haven't had, in

(12:42):
these recessions, a serious market correction for the middle class family.
You know, it is good to have a market correction
just to keep things from getting out of control. Now,
the other problem, Sandy is it's it's and you mentioned this,
okay about the we're our our pension money. You're going
into black Rock, Vanguard in State Street, okay, and Blackstone,

(13:07):
and they're buying everything Sandy. That's just the fact, okay.
So and when you're looking at things like Blackstone is
the biggest landlord in the country. They bought just during COVID,
they bought well over two hundred thousand housing units, okay,
in this country. And they've raised their the rents over

(13:30):
thirty eight percent in some areas and in some other areas.

Speaker 4 (13:34):
Well over fifty percent.

Speaker 3 (13:36):
So that's what's going on. And if you get the
illegals out of here and you've got less apartments, more availability,
you'll see these prices come down. It's just too many
people here. So you bring in twenty one million illegal criminals,
that's what you get. And the thing is is people
got to realize Blackstone and black Rock have deep ties

(13:57):
into Chinese investors, is close to the communist regime. Even
in Nashville, a communist investor, a Chinese communist investor, Okay
Dong Jahush the Sean bought Daniel Webstern College for sixty
seven million dollars, over paying for the property. And it's

(14:19):
only evaluated around twelve to fourteen million. Okay, Now there's
the Butts, the National Airport, it's near federal buildings, military
weapon max manufacturers, the public water source. These are these
are all real close. Okay, some abut it, some are
down the street, some are the water sauce is maybe

(14:39):
a half a half mile maybe at most. It's unbelievable.
You've got multiple airports within twenty five miles, naval sports,
this naval base. You got the Hants com Right Airport.
You know this is all within f ah that that

(15:01):
controls the airplane. Okay, you got the Manchester airports. This
is unbelievable.

Speaker 1 (15:07):
Yeah, no, I know it's it's huge.

Speaker 7 (15:09):
Dan.

Speaker 1 (15:09):
But if you but to turn it back to the economy,
do you have faith that Donald Trump can get a
handle on on the Chinese buying up of American resources
and help our economy instead of theirs?

Speaker 3 (15:24):
Well, I think, uh, you know, I think yeah, I
think Trump can do that. I mean, I think, first
of all, everybody's gotta you know, the big problem here
is people look at Trump, but we have to help them.
The governor has got to help them. We're not going
to get help on this candy, Uh from that AOI
because she's Blackstone is under the biggest investor into that

(15:47):
property that I'm talking about that owns that property was
black Rock.

Speaker 1 (15:51):
And then yeah, no, no, I understand, Dan, I understand
what you're saying, and I appreciate it. And yes, we
do need governor's help and the governors to be honest
with you and many states. It's not just that that
you don't like Governor aot or people don't like Governor Newsom.

(16:13):
We're not talking about like two or three governors in
the country that are the problem. We're talking about policies
blue progressive policies that have overtaken a number of states
that we need to deal with, and I think that
President Trump is dealing with them, such as you know
I mentioned earlier the DOJ suing California to stop their
egg policies, or in New Jersey, you have an issue

(16:35):
because the New York States Public Service Commission just okayed
big national grid rate increases that are pushing many people's
bills there up by six hundred dollars a month. The
things like that, I think that the federal government has
to get involved with and stop the wholesale assaults on

(16:58):
the state taxpayers by their progressive governments. But you know,
the problem is that you can only help people if
they want to be helped. And so I think if
people realize that the economy is getting better, that we're
starting to move forward, they will be more friendly to
allowing Donald Trump's policies to become effective and be more

(17:20):
supportive of them and less tolerant of the blue state
governors like Hocal, like Newsome, like more Healy as well.
I think that's part of what's happening. I think if
people realize that there is a light coming at you,
it's not another train, it's the light at the end
of the tunnel. On an economic level, then maybe more

(17:42):
there'll be more support for the current administration and less
support for Pie and the sky progressive administrations that have
run us into the ground. Just you know, just a thought.
Six one seven, two, six sixty eight sixty eight is
the number here. Let's go to and in Milford, Andy,
is your economy getting better?

Speaker 6 (18:05):
Uh? Yes, uh yeah, And Sandy, I've actually I've been
enjoying this time we've been having with you this morning
on air. Yes, my economy's definitely been getting better. My
four to oh one k since Trump has been back
in the White House, way up.

Speaker 1 (18:28):
Yeah, the stock market is way up.

Speaker 8 (18:29):
Yeah, yeah, so so, I mean that's so, it's just
I mean, if you've got a four oh one k
or an Ira, I mean, you've got skin in the
stock market that matters.

Speaker 1 (18:44):
And hang on for a second, Andy, wet we have
to go into a break. We're up against a heartbreak.
As a Sam Shack sitting in for Jeff Cooner here
on the Cooner Report, we were talking with Andy from
Milford before we was so rudely interrupted by that commercial break.

Speaker 6 (18:59):
Andy, I'm sorry, Yes, Sandy, Yes, Sandy, to pick up
where I left off. Yeah, So, I mean things have
definitely gotten better since Trump has been back in the
White House. And one type one telltale sign is ever

(19:22):
since Trump, in conjunction with Tom Holman, has been rounding
up these dangerous criminal illegals and getting them out of
the country, crime has been dropping precipitously. So, I mean,
the Democrats can crow all they want about Trump, dictator

(19:44):
Trump meani all of this, but the numbers don't lie
that the crime is noticeably dropping and the people see it.

Speaker 1 (19:56):
What did you think, Andy, of President Trump's idea of
painting the the southern wall black so it would heat
up in the sun.

Speaker 3 (20:05):
I think, I think good idea.

Speaker 1 (20:09):
It.

Speaker 6 (20:10):
I mean, just the color black, and just because of
the way the sun is down there on the southern border,
that walls all steel, so painting it black is gonna
make it hotter. Yeah.

Speaker 8 (20:23):
So it's so a.

Speaker 6 (20:27):
Lot of the illegals aren't even going to try to
scale this thing.

Speaker 8 (20:32):
So yeah, a good, good idea.

Speaker 3 (20:34):
Good idea.

Speaker 1 (20:35):
Yeah, No, I agree with you, Andy. I think that
President Trump's policies on illegal immigration are going to have
I have already started to have profound economic impact on us,
which is part of his multi pronged attack on the economy,
I'm assuming besides his tariffs, which I think were a

(20:58):
masterstroke despite all of the PAPUOI and naysaying that was
done by the Democrats on it. I think it's been
a brilliant move and is starting to pay our out
of controlled debt down. I think it's been I think
it's been very positive. I think people need a little patience,
just a little patience because, as I said earlier in

(21:18):
the show, you know, it's the economy is a massive, massive,
you know ship, a huge you know, aircraft carrier type ship,
and you just can't stop it and change direction on
day one. It takes you have to make incremental degrees
of turns and the ship eventually goes where you want

(21:40):
it to go, but it takes a long time to
get there. And I think if people are honest about
it and look at their day to day lives and
see the little in disha, the little bits of evidence
that show that things are getting better, they can be
more hopeful about maybe a year from now, two years
from now, three years from now, things will be a
lot better. That's what I think is going to happen.

(22:01):
Thank you so much for the call, Andy, I appreciate
it very much. Let's go to Jeff in Southbridge. Jeff,
welcome to WRKO. How are you good?

Speaker 4 (22:10):
How are you, Sandy?

Speaker 1 (22:11):
I'm fine. Are you seeing any positive changes in your
own economy?

Speaker 4 (22:17):
Well, not so much yet. Gas prices here where I
am seem to be kind of stagnant. They seem to
be staying pretty much. But then, but first of all,
I want to think you were doing a great job
filling in for Jeff. And I've been listening to Jeff
for a long time, way back even when he had

(22:38):
his afternoon show. But what I wanted to make a
point of is I'm sixty eight years old. I was
retired on Social Security. I had to go back to work.
I couldn't survive on Social Security. By insurance bill this
year for my house has gone up five hundred dollars

(22:59):
over the last year. Here, what I'm what I am
unhappy about with my Social Security is that now I've
gone back to work full time, I still have to
pay into Social Security. So I'm like, I'm paying myself
to get my text. You know, once you go on
Social Security, of course I can work all I want
now and I'll be penalized. But they're taking Social Security

(23:21):
payments out of my paycheck every week.

Speaker 3 (23:24):
Yeah, that I shouldn't happen.

Speaker 4 (23:25):
Yeah, I shouldn't happen.

Speaker 1 (23:27):
Yeah, I agree with you. I'm with you on that.
So I think there's a lot of room in the
Social Security system for improvement. That's definitely one of them,
along with you know, I'm giving a bigger cost of
living raise, I think too, is part of it. But
at least you have to agree, Jeff, that not paying

(23:47):
taxes on your Social Security is a step in the
right direction.

Speaker 4 (23:51):
Absolutely, Sandy is absolutely a step in the right direction.
But President Trump, people listening, maybe they maybe they've overlook
this particular aspect of it, uh where that that shouldn't
be when you're on Social Security, if you go back
to work, you shouldn't attacked. You shouldn't be paying into
that Social Security because I'm not going to reap any

(24:12):
benefits for that.

Speaker 1 (24:13):
Yeah, no, that's right. I completely agree with you. I
completely agree with you.

Speaker 9 (24:17):
And as much as I love what what President Trump
is doing for us, most of a lot of what
he's doing is in executive orders. And what I'm concerned
about is if we don't maintain control of the White
House and the next in the next set, Uh, what

(24:37):
I'm concerned about is that a lot of those executive
orders will be overturned or withdrawn.

Speaker 1 (24:43):
I think that's a reasonable fear, which is why we
need to keep control of Congress and the Senate and
not just the White House. I think you need to
do you really need to have, you know, a bigger
footprint and a bigger margin. And what then what exists now?
I think that's going to happen. It looks like that's
going to happen.

Speaker 3 (25:02):
Thank you.

Speaker 1 (25:02):
For the call, Jeff, I appreciate it very much. Let's
go to Joe and Quincy. Joe, welcome to w r KO.

Speaker 7 (25:08):
How are you, Hik Sanny, thank you to take my call.
Doing a great job for Jeff too.

Speaker 1 (25:16):
Thank you.

Speaker 7 (25:18):
And as far as the economy, I think the economy
is going to get better with the Fed rates. You know,
if the Fed rates come down, I think the gasoline
is still you know, can come down more. And if
Trump gets more you know, oil drilling and they stop
producing more oil, I think the economy will start getting

(25:43):
better too.

Speaker 1 (25:45):
What do you think is more important for the economy, Joe,
the stop of illegal immigration or energy independence?

Speaker 7 (25:54):
I say a little of both right now, because the
illegal immigration is it is really taking a toll on
the country. I mean, it's like like you even mentioned
about our healthcare, you know, all our you know, rental

(26:15):
you know for rentals, for home, prices, for our insurance,
everything in that respect just keeps going up.

Speaker 1 (26:25):
Yeah, no, it's true, it does, and hopefully that will
that will stop soon. I'm sorry we have to stop
you there because we are at the end of the show.