Income Tax vs. Tariffs

Episode Transcript

Speaker 1 (00:00):
Six one seven two said six sixty eight sixty eight
is the number. Okay, text line is burning up. You
can text us seven zero four seven zero seven zero
four seven zero. Uh, this is from seven eight one. Jeff,
I agree one thousand percent with you the Kooner man, Well,

(00:22):
thanks seventy one. First, principles do matter to whom? Do
I belong? I belong to me. If that is true,
then my labor belongs to me. There is a word
for when my labor belongs to someone or something else.
It's called slavery. And Jeff, if anyone doubts the kind

(00:46):
of robbery that inflation is already inflicted upon us, just
think two hundred thousand dollars a year income is now
considered low to middle income. No, that's true. I remember
even ten fifteen years ago, two hundred thousand, you know,

(01:08):
was considered upper middle class. I was a really good income.
Now Trump is like, I'm going to give the middle
class a break. I'm going to cut middle working class
people's taxes. And you're like, okay, yeah, those who make
two hundred thousand and less, ay yea, yay, ye okay.

(01:29):
So let me ask you Trump now says he wants
to push Republicans to get rid of income. It's not
just no taxes on tips, no taxes on overtime, no
taxes on social Security. But now he says he wants
no income taxes or if he can't get it, substantially

(01:51):
reduced tax income taxes, big tax cut for those making
two hundred thousand dollars or less. And he says, don't
worry when the tariffs kick in, the revenue from the
tariffs will offset the money for the TX cuts. You're
gonna pay more for goods made in other countries, but

(02:12):
you're gonna have a lot more in your pocket. Deal,
no deal you want, don't want? Or do you think
it's just not gonna happen? Are you skeptical that it's
even gonna happen? Six one seven two six six sixty
eight sixty eight. Dick in Hudson, Thanks for holding, Dick,

(02:38):
and welcome. Hello Dick. All right, there we lose Dick.
All right, let's go to who I'm gonna go to next.
Let's let's go to Barbara in Maryland. Thanks for holding, Barbara,
and welcome.

Speaker 2 (03:04):
I wanted to let you know I agree with you
a hundred about these tariffs, everything that President Trump is doing.
And I've got some text messages from friends of mine,
you know, because a lot of the black media, like
Black Enterprise, they're raising saying about the audits that are

(03:26):
affecting some of the black organizations of black museums and all.
You know what, everybody needs to take a chill pill.
There's nothing wrong with audits. That's what this, that's what's
happening here. Every taxpayer should be very happy that all
of that is going on. And as for the tariffs,
it's a necessary thing. It should have never stopped. In

(03:49):
my opinion, we should not have allowed China to have
this much power over us. And I'm with you. I'm
not a diabetic, but a lot of my family members are.
It is a fan we think with my family. I've
just been I guess blessed and you know, I take herbs,
but I don't trust them. Why would we trust our

(04:11):
enemy to make our medags?

Speaker 1 (04:15):
I have a lot are no, Barbara that it's such
common sense. You're completely right, because.

Speaker 2 (04:22):
You got ask for coming from there. They could, they
could poison us. And if let me tell you, if
they don't care about sheet rock, remember the stuff about
the sheet rock they send us to substandards steal. But
the sheet rock that was making people sick, that was
going into homes that they had to stop getting that
stuff from China. You know what else is in their stuff?

(04:44):
You know what I'm saying. I'm just I am so
excited about our country getting just getting busy, people getting jobs.
What needs to happen now, all of our public schools
need to start doing trade programs in the ninth grade.
Everybody doesn't go to college. As a matter of fact,
most people don't go to college. But what we have now,

(05:07):
we have unskilled labor. We have a lot of high
school graduates, some of them who can't read or write.
But not only that, they don't have any skills. They
don't have the ability to do anything with their hands.
And that's what needs to happen here. We got to
become builders and manufacturers. I'm excited about it again now,
I guess because I'm old school. I have basket furniture,

(05:30):
you know, Like I have a rice bed that I've
bought nineteen ninety that still doesn't squeak or anything.

Speaker 3 (05:35):
The wood is still just as good as it was.

Speaker 2 (05:37):
It came from North Carolina, that's where our stuff used
to come from.

Speaker 1 (05:42):
Oh I know, Barbara, Look you're right. North Carolina used
to be like the furniture mecca of the United States,
and they used to make outstanding furniture exactly what you're
talking about. You know, products that last thirty, thirty five,
forty years, and even after forty years, I mean they're great,
they're solid, they're sturdy. You just say, well, let's get

(06:06):
rid of it because it looks so outdated, right, but
you can keep it for another twenty years. Like that's
the kind of good quality we used to make in
this country. And now we sold our souls for trinkets
from China. Just garbage, drek, honestly, just just cheap garbage.

(06:27):
And now they're acting like the sky is falling. The
media is in particular because Trump has said, no, those
days are over. I'm not going to outsource our jobs,
our factories, our wealth, the communists China and other countries
around the world. No, the jobs are going to come
back and they're going to stay back. So Barbara, as always,

(06:48):
thank you so much for that call. And yes, you
should be thinking about trade trade schools because there's going
to be a lot more manufacturing jobs, and we're going
to need to fill them with Americans. Six one seven
two six, six sixty eight, sixty eight is the number. Okay,
Trump's one hundred days, Paul say that the economy. Most

(07:15):
Americans disapprove of his handling of the economy, in particular tariffs.
Do you agree, I'm just curious. Do you agree? Do
you like what Trump has done on the economy in
his first one hundred days? Okay, A couple of lines
are open if you want to jump on. So today

(07:38):
there will be a major address by the President of
the United States on his first one hundred days in office,
and if you listen, I'm gonna do a I promise
a complete, thorough, comprehensive show tomorrow on every aspect of
his one hundred days. I just want to focus now
on the economy because that's the key issue by which

(08:03):
the media elites are really attacking Trump. So it is
almost a media consensus that Trump's one hundred days have
been a disaster. In fact, this is and by the way,
they're going to use this talking point now and they're
going to repeat it ad nauseum, ad nauseum until the

(08:27):
midterm elections. They're going to repeat it again and again
and again, that Trump has failed, that Trump is tanking
the economy, that the economy is in a tailspin, and
that his tariffs, above all, his tariffs are now sinking
the stock market, sinking future economic growth, and essentially now

(08:50):
causing Americans to face real financial pain. And so the
Murdoch Empire, I'm not talking about the usual suspects, The
New York Times, the Washington Post, the Boston Globe, this
is CNN, MSDNC, the Associated Press, I'm not talking about

(09:12):
the usual suspects. They are blasting Trump, saying and they're
citing these batches of polls, saying that in the first
hundred days of Obama's presidency, the first hundred days of
Biden's presidency, they claim that Trump has a lower approval
rating than either Biden or Obama. And although they admit

(09:36):
that his border policies are popular, they say where he's
really underwater. And they say it's a shock because generally
the economy and the handling of the economy is supposed
to be Trump's calling Trump's calling card. They say, there
is so much economic disapproval on inflation, on tariff, on

(10:01):
cost of living, on jobs, on the stock market, on
economic growth, that he is now underwater, and that this
threatens to it's threatening to destroy his entire presidency. Now

(10:21):
the Murdoch Empire is really now starting to go after Trump,
the Rupert Murdoch Empire, the three pillars of the Murdoch Empire.
They have a lot of papers in the United States,
in Great Britain, but for our concerns it's Fox News,
which is in some ways the crown jewel, the New

(10:44):
York Post, and of course this is their intellectual pillar
is the Wall Street Journal. Much of the content on
Fox News comes from the Wall Street Journal, not all,
but a lot of it. The Wall Street Journal has
been waging a jihad against Trump pretty much on everything,

(11:10):
but especially on tariffs. Their editorial page, it's op ed
after op ed, editorial after editorial. If you want here,
this is today's op ed. Sorry, this is today's lead editorial.
Trump's a one hundred days two point zero. The shocks
of his tariff threatened to sink his presidency. Every second

(11:35):
article is about the tariffs, how they're hurting Americans, hurting
American businesses, and nobody wants to plan for the future.
Nobody wants to invest the world hates us, the world
is united against us. Investors are fleeing, people are panicking.
Everybody's unhappy. Farmers are unhappy, consumers are unhappy, everybody. Businesses

(12:00):
are unhappy. Everybody's unhappy. It has gotten so bad. Fox
News came out with a big poll showing that outside
of the border, Trump is deeply unpopular, massive disapproval from
the voters on jobs, on the economy, on the stock market,

(12:24):
just literally across the board. And Trump has now come
out and said that he believes Murdoch is trying to
bring down his presidency. You can tell not the primetime shows.
They're still with Trump because they know that's their bread
and butter. So I'm not talking about Laura Ingram or

(12:44):
Jesse Waters or Sean Hannity or that you know that
that group that cluster. But you go from Breadbaar earlier,
especially their daytime afternoon programming, and man, it's changed. It's changed.
The Wall Street Journal, as I said, it's really no

(13:06):
different from the New York Times, it's become an anti
Trump rag. The New York Post is now attacking Trump
over and over and over and over again. So there
is almost a media consensus that Trump's first one hundred days,

(13:26):
if you can believe it, have been a disaster, especially
an economic disaster. Now let me give you my take quickly,
and then I want to go to you the great
audience of Kooner Country. Six one seven, two, six, six,
sixty eight, sixty eight is the number. Look on one level,

(13:47):
to be brutally honest with all of you, there is
a question mark over Trump's one hundred days, an economic question.
By the way, I think he's had a phenomenal hundred day,
as I'm going to really describe and lay out tomorrow
in detailed terms. I think he's had the best one
hundred days, maybe of any president in history. I think

(14:11):
the media is lying. I don't believe these polls. Frankly,
I don't. I don't see it to people I talk to.
I don't see it in my personal life. I do
the shopping in our family. So I don't believe it,
and I think it's another hoax. I think they're trying
to talk down the economy, to crash the stock market,

(14:34):
to create a recession. But they want to keep up
a narrative. Now Trump is a failure, his economy is bad,
and they want to drive this all the way to
November so they can get the Democrats back in power
to impeach him. But to be fair, to be fair,
there is a lingering question mark on one aspect of

(14:55):
Trump's one hundred days, and he himself has admitted it.
I say say anything controversial. The book is still out.
On the tariffs. Can he break China? We shall see.
Can he cut good deals with India and Canada and
Mexico and the European Union and South Korea and Japan

(15:17):
and Vietnam. I think he will, but we shall see.
So I don't think we'll be able to fully judge
and properly assess how good or how effective Trump's first
one hundred days were really until about maybe the end
of the summer, early spring, early fall, when the deals

(15:41):
are put in place, the deals are made, The tariffs
now are really properly, fully implemented, They have their right percentages.
So we're gonna have to wait and see. But on
everything else, remember in April they said the stock market crashed.
By the way, they still go on about the stock
market crash. How did it crash? The market now is

(16:06):
higher than it was two three, four weeks ago. I
look it up. Don't take my word for it. So
most of the losses, in fact, all of the losses
in the stock market have been recouped. And the media
is going on about I seriously, this is These are

(16:28):
their headlines. This has been the worst apro in the
stock market shuts, the Great Depression. It's a lie. It's
a blatant lie. So no, there's no question about it.
The stock market now regained everything that was lost. In fact,
it's slightly above now, so the stock market hasn't collapsed.

(16:53):
That's a lie. Inflation has gone down. Should it be lower?

Speaker 2 (16:59):
Yes?

Speaker 1 (17:00):
Do I want it lower? Yes? I mean who doesn't
I do the shopping. I'm paying less for food, not
much less, but vegetables. I'm sorry, they're down. Fruits again
too expensive, but down everything, even eggs. Eggs are coming down.

(17:21):
So I look at my grocery bill. It's going down. Gas.
I've noticed a difference. I fill up my tank. It
used to be seventy five eighty bucks under Trump sixty.
Now I'm saving fifteen to twenty bucks every time I

(17:41):
tank up. So I'm saving money on gas. So tanking
up costs less groceries and food, less basic staples less now.
The only thing that continues to go up is my

(18:02):
energy bill. But that's not Trump. That's more a heally
and it's going to continue to go up unless we
do something now. But his energy policies are kicking in.
Drilling is kicking in. His deregulation is kicking in Trump's
first one hundred days. Let's just talk about the economy.

(18:24):
I promise we'll talk about the whole thing tomorrow, the
whole kit and kaboodle, as they say. And do you
believe these poles? Do you agree with these poles that
you're not satisfied with Trump's job performance on the economy. Now,
I just want to read something I got from Joe.
He messaged me this maybe about twenty minutes ago and

(18:48):
so and I think he speaks for some of you, Jeff.
And he's obviously a Trump supporter, loves Trump, but he's
just saying, Hey, look you want my personal reflections, Jeff,
my own personal experience. Here it is Jeff. Last night
I went to Dollar General in the Brockton area. I

(19:09):
needed a pair of insuls for my work boots. I
buy them there regularly to help my feet stay comfortable
since I work hard. Joe's in construction. The price went
up from nine dollars to ten dollars and seventy five cents.
I would have passed on the inflation, but what could

(19:33):
I do? I had to go to work in the morning. Now,
I messaged Joe back. I mean, he's busy. Maybe he's
even working, you know, on the job site. So I said, Jeff, sorry, Joe,
I said, hey, I'm sorry to hear that. Really, I said, look,
I just want to ask you, point blank, do you

(19:54):
think the economy is better or worse under Trump compared
to Biden? And I don't I know what Joe's answer is.
But in other words, look, he's just saying, look, Jeff,
I can just tell you my own personal experience. I
needed in souls. I went to the dollar store. Went
from nine bucks to ten seventy five. That's almost two bucks.

(20:16):
I needed the souls. So what can I do? But
in other words, inflation is not going down. It's going
up at least on some things. And people are still
hurting agree disagree six one seven two six six sixty
eight sixty eight. What say you Trump's first one hundred

(20:39):
days on the economy? You are happy, not happy? Like
don't like Tommy in West Virginia. Thanks for holding Tommy
and welcome.

Speaker 3 (20:53):
Good morning, Jeff. How are you doing good?

Speaker 2 (20:57):
Good?

Speaker 1 (20:57):
I mean I'm sick. Besides that, I'm doing okay all right.

Speaker 3 (21:01):
Well, yeah, I mean the one thing I've seen as
far as the economy, gasoline is cheaper down here in
West Virginia now, and eggs have come down somewhat. You
know what used to cost six dollars of Louisbourg and
Walmart for the brown eggs, They're down to five dollars now.

(21:24):
So things are starting to move in the right direction.
Now as far as the tariffs, if Trump's people are listening,
he's got to make it clear that yes, in the
short term, things probably will go up that are made
in China. He also needs to state that during the pandemic,

(21:46):
to his credit, he brought out the fact that our
prescription drugs are made in China as well as India.
Biden had four years to do something about that, as
well as the Democrats. What did they do about that?
Absolutely nothing. So the other thing that with regards to

(22:10):
China and their chief goods, I was working out of
Local forty eight IBW and Portland, Oregon, back in nineteen
ninety eight, What does this have to do with stuff
made in China? At Portland International Airport in July of
that year, five iron workers died because the connector bolts

(22:32):
that were made in China failed and these men fell
to their death. I remember that day. It was a
horrible Vancouver Washington was where I lived. It's like Cambridge, Boston,
right across the Columbia River. I will never forget that.
So those iron workers that are possibly listening, you understand

(22:55):
what a connector bolt is. It's not the permanent bolt
once you bolt the building structure skeleton together. And with
regards to China, they've been flexing their muscles as you
know that. I have a fiance in the Philippines, and
these people that are defending China understand what China is

(23:16):
doing in the Philippines. They're taking their Chinese coastguard and
if they have fishermen in a contested area, they're spraying
these guys with water and some have drowned because of that.
They're just poor fishermen in The average wage in the
Philippines is ten dollars a day. Get a clue, and

(23:37):
I have an ex classmate that She's defending Abrago Garcia
and that other slob from Latin America that are both
wife beaters. She's the one who told me on Facebook
that she gave up on men because her first husband
was an abuser, a domestic abuser. And it's like, I

(23:59):
just can't these people out. It's like, wait a minute,
why would you defend someone that beats a woman? I
don't know. Jeff Michael Savage coined the phrase liberalism is
truly a mental disorder. And I really think that is true.
And I would love to hear Bill call in on
Friday from Sudbury and explain how China should be allowed

(24:24):
to dump their goods into our country. And just for
the record, the house in Brockton, I have two Samsung products.
The washing machine, after eight years broke. It was six
hundred dollars when I purchased it at the cabin in
West Virginia. I have a Maytag washing machine I bought
at leech Meares in nineteen eighty four. It still works.

(24:44):
It's a top loader. I have a dryer that was
made by Magic Chef that I bought in nineteen ninety.
Both still work. You know, it's not Tommy.

Speaker 1 (24:54):
Just to connect the dots. You're saying that your six
hundred dollars washer was made in China, but the maytag
this is forty years old, was made in America.

Speaker 3 (25:07):
Correct that that is correct. In the Samsung Samsung parts,
the manufactured parts are made in China and Vietnam. They're
assembled here in South Carolina, all right, Which that's good.
I mean it's like a Hyundai they're assembled, or a
Kiya they're assembled down in Alabama, but the manufactured parts

(25:29):
are made over in Korea or wherever else, you know.
So I understand you can't do one American made. But
the point being is that the stuff that I have
here in West Virginia was made in this country. And
by the way, I have two refrigerators. I have an
admirable refrigerator that goes back to the early fifties that

(25:50):
still works, and that on the front porch where I
still my dear meat after I've shot it, that has
the old round condenser up top that was pre World
War Two. It's still works. So oh, I know.

Speaker 1 (26:02):
No, Tommy, it's incredible. No, you're right, Tommy, You're on
fire today. Tommy, thank you very very much for that call.
I've got two freezers in my garage. Oh, at least
forty five years old, maybe fifty. Okay, I don't want
to forty five years old. Okay, I have to be
very on the conservative side. Made in America, Made in America,

(26:23):
they still work great. And what I mean work great.
It's like everything I put in there cold. I mean
within an hour, it's nice and chili, it's frankly, I
you know, I confess here. I put my diet cokes
in there one hour. You should see them. I mean,
I got no. I got another thing upstairs, which I

(26:44):
paid a ton of money for from China, which I
didn't know. We just bought it. And you could I
put my cokes in that thing, my diet cokes twelve hours,
fourteen hours. I'm like, did this thing even go in there?
I mean it's a little but boy, you know, not
much to speak of. But that baby American made forty

(27:06):
some years old. It's as cold now it comes, and
you know, everything comes out as cold now is when
it was made forty five years ago. And I remember
my dad used to tell me this growing up. He
would just shake his head over and over again. He goes,
I don't understand. I don't understand this. Why are we
not having things made here. We're making stuff around the

(27:29):
world bringing it here. And he said, it's just junk.
It's just junk. And everything used to be made in
North America and it was great quality. And yeah, you
pay less, but look what you're getting. Like in the end,
you got to you know, it breaks down after a
couple of years, like you gotta buy it again. You
got to buy it again. My dad just say, you
end up, you know, losing a lot of money. You're

(27:51):
not saving money, You're losing money. Okay, you pay a
little bit more for a fridge, but the thing lasts
your forty fifty years. You got an incredible fridge and
no maintenance. Both of the fridges in my garage, no
maintenance ever, ever, ever plug unplugged, that's it. When we
moved them, that's it. And you keep them plugged and

(28:15):
they're incredible, these things. I got a dish washer upstairs, okay,
made in China. What a piece of crap. What a
piece of crap. Why do you think we ate out
last night? It broke down again. I mean, sink is
full of dishes. He says, this is ridiculous. Can't cook

(28:38):
because there's no where, you know, where you're gonna put
all the dishes. So, you know, kids bamboozled me into
chipotteleg but you know, let that go. The point being
we're always I can't tell you how many times a
maintenance man has come. So yeah, it was initially cheaper. Okay,
do you know what I've paid in maintenance costs. I'll

(29:00):
pay more and just give me better quality. I'm telling
you you're saving money in the long run. That's another again,
you know, tarriffs versus income taxes. I know we kind
of moved on a little bit from that, but please,
this has been my philosophy my whole life. Pay a

(29:20):
little more, but pay for good quality. You get what
you pay for. You buy junk, you get junk. So
when you're paying and it's bargain basement super cheap, well
you're gonna get super cheap stuff. So yeah, pay a

(29:41):
little more, but it's good quality. I'm telling you, in
the end you end up saving money. And like don't
you just want to have a good quality product? Like
that was the one thing about Americans like we were,
like you know, we had very high standards, always everybody
would say that. Boy, you know the Americans they want

(30:02):
they want really good cars. Oh they're electronics. It's gonna
be really top of the line, you know whatever. Sneakers
they want really good sneakers. You know, they don't want
the stuff that just tears apart after four weeks. Now,
as long as it's cheap, that's been the last. That's
globalism the last thirty years. Cheap, cheap, cheap, cheap. That's

(30:22):
all just cheap, cheap, cheap, the cheaper the better. Six
one seven, two, six, six, sixty eight, sixty eight agree, disagree.
Let's go to Mike. Let's go to Tom in New Hampshire.
Thanks for holding Tom, and welcome.

Speaker 3 (30:42):
Day, Jeff.

Speaker 4 (30:43):
Great show is always, Thank you Tom.

Speaker 1 (30:46):
Jeff, Jeff.

Speaker 4 (30:48):
The terrors. Trump is trying to do the right thing,
but it's not gonna work. Let me explain why. Between
the eighteen twenties to nineteen thirties, this country had terrifs
and it worked because all the goods here were made
in the United States. All the companies here made their

(31:10):
goods in the United States.

Speaker 2 (31:12):
So it worked.

Speaker 4 (31:14):
But now what has happened is that these tariffs are
not on China.

Speaker 2 (31:21):
You know, they call.

Speaker 4 (31:22):
These Chinese tariffs the terrafs on American companies. All the
American companies are making their goods in China, Apple, Nike,
so it's attacks on American companies, not on China. So
they're going to fight back, and they're going to bury

(31:45):
the economy. They're already starting to do it now. You
watch May June. There's going to be empty shells. They're
holding back their inventory that they've been ordering for the
last three or four months, walmut at all the stores,
and then when things fall apt, they'll restart the shelves
and sell it at the higher price, and inflation will

(32:06):
take off. They'll blame it on Trump because the American companies,
the big money people don't want these tariffs because they're
making money in China. In fact, the Chinese government has
been running ads like for even say me and you
Gucci bags are meat in China, okay, And they say, oh,

(32:30):
if you want to come here, these Gucci bags cost
one hundred dollars to make. Here, you can come here
and make maybe not Gucci but different type of bags.
And and the company's Nike, Apple, They're all cleaning up.
So it's not China it's the American companies and they're

(32:53):
going to fight back, and that's why it's not going
to work. I understand what Sum's trying to do. Its
trying to bring you the jobs back here and all that,
but that's gone, it's gone out the window. In nineteen
thirty Smooth Harley, at first it was successful. Thostn't of
these people. Milton Friedman, the economists said that the tariffs

(33:14):
had very little to do with the Great Depression. When
Smooth Holly passed in nineteen thirty, the economy picked up
a little bit, unemployment went down. But then the bank
so sover in Europe fell apot and there was retaliation
by the entire world against the United States on tariffs
because in nineteen twenty seven, the League of Nations, in

(33:36):
nineteen twenty eight they pass the Revolution, they resolution, they
met and they said tariffs must be ended. So of
course when nineteen thirty Smooth Holly, they retaliated all the countries.
So that hurt, and that import exports drupped sixty percent
in this country.

Speaker 2 (33:54):
Crossed the world.

Speaker 4 (33:56):
So that's why it won't work. What should do for
national security is bring the pharmaceuticals back here.

Speaker 3 (34:05):
He can sell that.

Speaker 4 (34:07):
You can put a national order whatever target those terriffs,
so our pharmaceuticals all have to be made here for
a national defense.

Speaker 1 (34:18):
No, I hear you. I mean no, Tom, Look, look
I hear you. But even if you do those targeted
tariffs that you're talking about, it's gonna lead to a
lot of economic dislocation. I mean, Pfizer, Merk Maderna, they're
not happy this. That's my point. So if you're in

(34:39):
the expression in for a penny, in for a pound,
if you're gonna do it, do it now. You're right,
China is not solely to blame. I agree with you.
It takes two to collaborate, takes two to tango. You're right.
Apple betrayed this country. I'm gonna be very honest about it.
I think Bill Gates, Microsoft betrayed this country. I think

(35:02):
these globalists are traders. And it all really began in
the nineteen nineties. They abandoned the United States of America.
They made their initial money here and made them a fortune,
and then they said, no, China is the future. And
so they outsourced, outshored much of their companies and much
of their production to take advantage of the cheap labor

(35:26):
in China in exchange for which this is the part
that I find really disgusting. They gave them intellectual property,
they gave them our technology, and China now has risen
on our backs. And we have now see whether we
like it or not. Tom take it away from the
Ivory Tower, the Milton Friedman's and the economists and the

(35:50):
theoretical and put it down to the real. We have
now created a Frankenstein's monster. And that's what Trump realizes.
We have created an economic military powerhouse that wants to
dominate Asia and ultimately dominate the world. Now we can

(36:11):
either just slink away and say shrug our shoulders and say, well,
there's not much we can do about it, or we
can say no, enough is enough. The days of feeding
the Chinese dragon are over. And tell Tim Cook at Apple,
for example, as Trump did, you've got two choices. You

(36:32):
can either partner with China or you can partner with us.
You're not riding two horses anymore. Now Apple says they're
gonna bring a lot of their production back. Let's see.
But he's got a commitment from Apple. He's got a
commitment now from na Video. That's huge. Huge that they're
going to make make up big plants in Texas, in Arizona.

(36:57):
So China now is losing a lot of these companies. Now,
either we do it or we don't. Now, if we don't,
I'm telling you, we're going to continue with these record
trade deficits and eventually within five ten years, with the
death that we have combined with these trade deficits, we're finished.

(37:21):
We're finished. Or we can stand up and try to
get a lot of these jobs in manufacturing and factories back.
And I think Trump's going to do it. And you're right,
China's against us, The globalists are against us. Corporate America
is miserable. They hate him. That to me, by the way,

(37:42):
is the big lie of Trump's hundred days, that somehow
Trump is doing the bidding of the oligarchs. Are you
kidding me?

Speaker 3 (37:50):
Like?

Speaker 1 (37:51):
Nothing shows you how stupid the media and the Democrats
are for them to even say something like this. Wall
Street hates Trump, the oligarchs. Corporate America hates Trump. Why
because they hate the tariffs. Look at the Wall Street Journal.
They want to hang the guy for God's sake. So

(38:13):
he's not doing this to benefit the corporate elites, the
greedy so called billionaires. No, no, no, no, he's doing it.
And this is the first president I've seen do this
since Reagan, saying no, the economy is not gonna work
for the wealthy. It's gonna work for the middle working class.

(38:36):
I'm putting their interests first. And so to me that
the battle lines have been drawn. Now they're gonna push
this media narrative that the economy is tanking and that
this is Trump's economy and it's bad. It's only gonna
get better. I think the reality on the ground is
going to be very different, and I think the economy

(38:57):
is only gonna get stronger and stronger and stronger. But
that's me, Tom, Thank you very much for that call.
I really appreciate it. So look, I personally already feel
I think when I'm at the gas pump, it's better,
grocery store better, even eating out. It's still expensive, but

(39:20):
not quite as much. So I am seeing inflation taper
off a little bit, a little bit, so all the
doom and gloom hasn't happened. The stock market has not crash.
That's a lie.