Episode Transcript
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Speaker 1 (00:00):
Good morning, Cooner Contry. Okay, look, I gotta tell you,
I think Trump is pretty much now at his breaking point.
I don't blame him. Jerome Powell has been maybe the
worst fed chair we have ever had. And look, this
is not gonna be a wonky or you know, policy
(00:23):
in the weeds type of a segment, my friends coming in. Look,
you look at President Trump's achievements, and we have now
just passed the six month mark. It is truly, absolutely
historic and remarkable what he has done in such a
short period of time. And strictly speaking now, because he's
(00:46):
had so many accomplishments, I'm not to you know, the border, Iran,
the nuclear weapons program. I could go on and on
and on on the economy alone. We are now seeing
something that has rarely ever been seen before. Ten trillion
dollars with the tea Now, investment is beginning to pour
(01:10):
into the United States. Factories are being built, plants all
over the country. We're seeing record tariff revenue pour in.
We're starting now to see economic growth begin to really
take off. Middle class wages, wages for working middle class
people are now seeing a rise that we have not
(01:33):
seen in over thirty years. These are just some of
the latest economic numbers. Inflation is now being tamed. Finally,
I wish you'd go a little faster, but it's coming down.
The one thing that stands in the way, the one
last piece in the puzzle, are interest rates. And as
(01:57):
you know, we have Dan O'Connell. He's an advertiser on
our show. I occasionally interview him and that you can
hear it during the breaks on our show. He's one
of the top real estate agents in all of Massachusetts
southern New Hampshire. I highly recommend him. But that's not
the point. The point is when I talk to Dan O'Connell,
(02:20):
I say, Dan, what's the one thing that is holding
back the entire housing market. Why is the housing market,
which is the last sector now that still remains flat
on its back. It is weak, it is anemic. People
aren't buying homes, people aren't able to sell homes. What
(02:43):
is it? And I asked him, I said, is it
the tariffs? He said, no, I'm telling you it's not
the tariffs. It's the high interest rates. Jerome Powell is
strangling the housing market with these ridiculously high interest He's
suffocating the entire housing market and if he would just
(03:05):
cut the rates, housing would boom, and then the entire
economy would be clicking on all cylinders. So President Trump
has been asking now for Jerome Powell, over and over
and over, to the point he's practically demanding, saying, lower
(03:26):
the dam interest rates. What is wrong with you? We
know the economy now is really taking off. Gas prices
are dropping again. I tanked up this week. It's under
three dollars a gallon fifty two bucks. I filled up
my car, my vehicle completely. Under Biden was eighty dollars.
(03:50):
So look, it's twenty eight bucks a week. It's not peanuts.
It's over one hundred dollars a month. So you're starting
to see energy come down. Gas come down, some eggs
come down, definitely, some, you know, some of the housing
has not come down. Housing is still extremely expensive. Rents
are way too high. Housing housing costs or the value
(04:14):
of homes, home prices way way way too high, especially
in places like Boston and New York and some of
these big metropolitan areas. But overall, in the economy, there's
no question. Now it's not like it was under Biden.
Quite the opposite. The inflation is cooling inflation is now,
(04:38):
it's at a minimum stabilized, not going up, and in
some places it's starting to start to come down. So
Trump is making to me a very solid argument, inflation
now is it to what is it? Two point seven percent?
Two point five percent? He goes lower the rates. Inflation
is no longer a threat, and if there is an
(05:01):
inflationary problem, then you can always re raise the rates.
So what's the problem. And I'll tell you what the
problem is. Jerome Powell is clearly trying to sabotage Trump's
economic recovery. There's no question he's trying to sabotage and
undermine Trump's presidency because you look at dozens of other
(05:25):
countries who have higher inflation than we do, whose economy
is not doing as well, and their rates are lower,
not higher, they're lower. So why aren't ours commensurate at
least with theirs. So it's obvious this is a concerted
(05:47):
attempt by Powell. And remember in twenty twenty four, when
inflation under Biden was much higher, it was way over
three percent. Still he lowered the rates so to try
to help Joe Biden win the election when inflation was
still a problem. Jerome Powell. Too late Powell, as Trump
(06:10):
calls him, he's always too late on everything, lowered the
rates for Joe Biden, so to help Joeye and eventually
Kamala Harris win the election. Now, yesterday President Trump, and
this was a beautiful thing to watch. I was laughing.
I'm telling you, I almost busted a gut. Yesterday Trump
(06:33):
made the visit to the Federal Reserve headquarters in Washington,
and on top of everything else, now that is causing
problems for Jerome Powell. Trump wants him gone. In fact,
I think most of the country wants him gone. With
pressure building and building for him to finally drop the rates,
(06:56):
he now is facing potential criminal charges. In fact, Congresswoman
from Florida at Alena Anna Paulina Luna has now referred
the DOJ to literally open up a criminal prosecution against
too late Powell. Why because he has lied under oath
(07:20):
about the cost overruns on the renovations to the Federal
Reserve headquarters. This is a massive, burgeoning scandal that for
whatever reason, the media, well we know the reason the
media does not want to cover because they love the
fact that Powell is keeping interest rates artificially high in
(07:41):
order to try to strangle or suffocate the Trump economy. Now,
just so that you know, they have been spending years
renovating the headquarters of the Federal Reserve. Why they needed
to renovate it. There was nothing wrong with the building
to begin with. Okay, but let that go. Joey basically
(08:05):
signed off on a blank check. It was supposed to cost.
Listen to this, one point nine billion dollars to renovate,
not to rebuild, just to freaking renovate the Federal Reserve
building and that whole area around the Federal Reserve. It's
(08:29):
now going to cost three point one billion dollars. There
are billion dollars over budget. First of all, one point
nine billion is obscene. They were robbing us blind on
one point nine billion. And now the question is where
(08:51):
did all the money go? And that's what Powell has
been asked repeatedly under oath. And now it appears he
is in in a very serious corruption scandal where money
has simply disappeared, it has been embezzled, it has been stolen.
Contractors are getting paid ridiculous amounts of money. Remember this
(09:13):
is our taxpayer money. And so Trump went to finally
see this renovation that was taking place. And you see,
if you can picture him, he's in a blue suit,
red pie, you know, his usual Superman outfit, his suit
(09:33):
and pie, and he's got a white hard hat on.
And Powell is right beside him. He's got his white
hard hat on. And there's Trump and they're doing a
tour and Senator Tim Scott is right beside Trump. The
reason why Senator Tim Scott is there is because he
(09:54):
sits on the sub committee that's overseeing this massive boondoggle.
And Scott is the one that's un covering these massive
cost overruns. And that Powell why two under oath? And
guess what? Guess what? Trump is now starting to ask,
(10:15):
what are you guys spending all of these billions of dollars?
On roll cut one a mic.
Speaker 2 (10:25):
We're looking at the construction and we're with the chairman,
as you know, Chairman, come on over, and we're just
taking a look at what's happening. And it's a tough
construction job. They're building basements where they didn't exist or
expanding them and a lot of very expensive work, there's
no question about it. And Tim has been with me
(10:47):
for a long time. And you're in charge of the committee.
Speaker 3 (10:49):
And they's one of the reasons why I wanted to
see it, the overruns of the expenses, wanting to figure
out why.
Speaker 1 (10:56):
Yeah, Trump says, yeah. So Powell is now right beside him. Oh,
you got to see what happens next. Six one seven two, six, six,
sixty eight sixty eight is the number if you want
to be part of the show. Okay, So all right,
So picture Trump. He's now at the Federal Reserve headquarters
(11:18):
where the renovations are taking place. All these construction guys
are working around them, you know, with their hard hats.
He's got his hard hat on. Tim Scott, who heads
the committee that is overseeing all this, and he's like,
these cost overruns are insane. So and you got, of
course Jerome Powell, and he's got his hard hat on too,
(11:39):
and you could tell he's very uncomfortable for many reasons. A.
Trump is calling for him to be canned and he
should be fired. And b now they're going and asking
questions about how is this going from one point nine billion.
I remember again, these are just renovations. They're not building
(12:01):
a new building from the bottom up. This is just
they're revamping it. That's it. So how did you get
to the original one point nine billion, is what I'd
like to ask, But let that go. Now, they've just
found out it's going to be an extra one billion
dollars in cost overruns three point one billion. So Trump
(12:27):
is there, Powell is right beside him, the media is
right in front of him, and Trump says, you know, yeah,
I just well, we're here because we just found out
it's all going to cost at least one three point
one billion dollars. It just would one up from one
(12:49):
point nine to three point one. And we're looking around like,
what's what are you guys doing down here? And then
Powell starts to shake his head like that's true, that's
not true. So he then says, I haven't heard of that.
What do you mean three point one billion? And Trump
looks really annoyed, and you know, and he just okay,
(13:11):
you insist, and he was ready, and he pulls a
letter from his side jacket pocket and he says, and
he gives it to him in front of all the cameras.
He goes, this just came from you, from your own
federal reserve. You see. Look, he points to the he goes,
(13:33):
you see federal reserve. That came from your office telling
us now that the cost has just ballooned exploded another
extra one billion, one point two billion dollars, And Paul
is like, this came from us, and Trump's like, yeah,
(13:55):
who does that? Roll cut one a mike.
Speaker 2 (14:03):
So we're taking a look and it looks like it's
about three point one billion, went up a little bit
for a lot, so the two point seven is now
three point one. Yeah, it just came out. Yeah, I
haven't heard that from anybody to set.
Speaker 1 (14:21):
He just came out.
Speaker 3 (14:25):
I said about three point one. That's well seeing one
three points this came from us.
Speaker 2 (14:30):
Yes, I don't know who does man?
Speaker 1 (14:34):
So anyway, so uh so yes, Tim Scott's beside him
and he says, uh, yeah, I just heard the same thing.
We're looking at, you know, three point one he maybe
even three point two billion, And Trump's like this annoyed
look on his face, like you know, and you could
tell he's like, you think you're playing us for fools,
Like you're gonna do the whole mister magooac now, like
(14:56):
you're blind, you don't see anything, you know. So he goes, well, here,
look well, and he's pointing his finger he goes, look,
that's you. That's from your office right there. So we
went from one point nine billion to two point seven
billion to now three point one even three point two billion.
So listen now to Powell. Powell suddenly says, well, you're
(15:17):
including another building, the Martin building, the Martin renovation. And
Trump's now looking at him in utter disbelief. But that's yeah,
who cares. It's all part of the Federal Reserve. This
is the main headquarters that we're in now. But the
building right next let you guys go to that building.
You use that building. Yes, So the whole freaking project
(15:41):
is over budget by over a billion dollars. Like, let's
not be stupid now, roll cut one b Mike.
Speaker 3 (15:50):
Are you including the Martin renovation?
Speaker 1 (15:52):
You just added our retire capital plea. You just you
just added in a third buildings. Whether that's a third building.
Speaker 2 (15:57):
It's a building that's being built now, and.
Speaker 1 (16:00):
It was built five years ago.
Speaker 2 (16:01):
We finished more than five years over as part of
the old rule of so new So we're going to
take a look. We're going to see what's happening.
Speaker 1 (16:12):
I mean, this is unbelievable. This is unbelievable. And so
and so Trump, then listen to this. Now, this to
me is the best part. Only in Washington, Only in Washington.
You want to know why we're broke as a country.
Here it is here, it is okay. Listen now, Trump
(16:33):
says to him, So we're now way over budget. Do
you expect, you know, any more additional cost overruns?
Speaker 3 (16:41):
Like? Is this it?
Speaker 1 (16:42):
Now?
Speaker 3 (16:43):
Is this it?
Speaker 1 (16:44):
Listen now to Powell's response, Holy mackerel, roll cut one,
see a mic.
Speaker 2 (16:53):
Do you expect any more additional cuss out runs?
Speaker 3 (16:56):
Don't expect them. We're ready for him. But we have
a little bit of a reserve that we may use.
Speaker 4 (17:02):
But no, we don't expect to be finished in twenty
twenty seven. We're well along, as you can see.
Speaker 1 (17:09):
We have a little bit of a reserve. No, no, no,
we're not expecting any more additional cost overruns. But you know, hey, look, hey,
there's always more money.
Speaker 3 (17:24):
You can't make this up.
Speaker 1 (17:26):
I'm telling you cannot make this up. A disc guy.
This guy is the chair of the Federal Reserve. Now
one more, here's listen this. So a reporter asks him, well,
you know you're a construction guide. That's how you made
your fortune. Nobody knows construction more than you, mister Trump.
Mister President, if you had a project manager who had
(17:50):
these cost overruns, what would you do? Listen to Trump's
response roll cut two a mic. You real state developer,
what would you do with the project manager who.
Speaker 4 (18:04):
Would be over buntect.
Speaker 2 (18:07):
Generally speaking?
Speaker 3 (18:08):
What would I do?
Speaker 1 (18:09):
I'd fire him? You think you think? Now? I want
you to think about this. They're now gonna spend three
point one three point two billion dollars with a B
on something that may be finished in another two years.
(18:33):
Six one seven two six six sixty eight sixty eight
is the number. Okay, you can text the cooner man
seven zero four seven zero seven zero four seven zero.
This is from six TOZHO three Jeff. President Trump confronting
and exposing Jerome Powell live on camera reminds me so
(18:56):
much of when President Trump did the very same thing
to the President of South Africa over the white genocide
and the murders of all those white farmers. He doesn't
leave these dirt bags much wiggle room, but they sure
do squirm, and it's really something to see them do
it live on camera with nowhere to hide. I love
(19:20):
this guy, Yeah, so do I I got. I was
laughing when I saw this yesday. I just kept chuckling
and laughing. And you're right, it's a great word, squirm,
because that's what Jerome Powell was doing yesterday. He was squirming.
You can see it. He was red faced, he was embarrassed,
(19:40):
he was humiliated. And the question is this, Okay, let's
leave aside the interest rates for a second, you know,
let that go. As I like to say, how the
hell do you burn through three point one billion dollars
on a renovation? As I said to Grace last night,
(20:03):
if Trump walked in and said, here, here's what we're
gonna do. Okay, I'm calling in now, the bulldozers, Cooner,
I'm calling in cooner, you know, and the bulldozers, the
wrecking balls. We're just gonna demolish the whole thing, literally
demolish the whole thing. Okay, all three buildings, the headquarters
(20:23):
and the other two side buildings. I'm gonna demolish the
whole thing. Here's a billion dollars, and you can build
from the from the ground up, from the bottom up,
a bill one billion. You could build a modern day
tash Mahal. In fact, we can do the tash Mahal
(20:45):
One up. Tash Mahal is made of pure marble, ivory
white marble. It's considered one of the you know, it's
a mausoleum, one of the greatest building projects in the
history of the world. Okay, we could build it with
gold a billion A build one billion here, forget the time.
We've done taj Mahal plus. Okay, we can rebrand it
(21:07):
the Trump Mahall. And it's it's the first headquarters are building.
It's in pure gold. And we're still putting two billion
dollars in our pocket. How the hell do you spend
three point one billion on a freaking renovation project? Where
(21:29):
the hell is the money going? And this idiot's like
nodding his head like, oh, I didn't see this lady's figure.
Speaker 3 (21:36):
You don't know.
Speaker 1 (21:38):
Oh no, well now you're including the Martin building. Well yeah,
it's part of the overall renovation. This is how you
just how you run a budget. You know, well, that's
the car payment. You're not talking about the house payment,
but it's part of the overall family budget. I mean,
where's my money going? Well, I don't know. Hold on, Jeff, hey, whoa,
(22:01):
that's the pay for the cars. Yeah, but the money's
still flying out. So they're robbing us blind. I mean,
there's no question they're robbing us blind. Now, as I said,
in a nutshell, this is exactly what's wrong with our
(22:22):
federal government. You've got a crook, and that's what Jerome
Powell is. He's a crook who lied under oath repeatedly
about the mismanagement, the corruption, the cost overruns on a
project that never this one. The original project of one
(22:43):
point nine billion was insane. Let's not quibble. It's a
two billion dollar project for renovations. No, let me tell
you what happened. This contract was signed under Joe and
this was what the Biden's did to the whole country.
Everybody was taking you know, everybody was getting a piece
(23:06):
of the pie. Everybody was watering their beaks and they
money was flying out the door for every project under
the sun, and everybody made sure they got a nice
slice for themselves. There's no way this project should have
been authorized to begin with, not at one point nine
(23:27):
billion dollars. That is absolutely insane. Again, I want to
stress this. They're not building new buildings. It's a simple renovation.
And then on top of the one point nine billion,
we're adding another one point two one point three billion.
(23:48):
It's highway robbery. I'm telling you. They don't even do
this in Eastern Europe, even in easter. Whoa, whoa, whoa wait, heyday,
but not so ah hh Now, hey the peasants, whoa,
they're gonna come with their pitchforks. Come on, hey, leave
something for the roads and the schools and the hospitals.
(24:10):
This is there's plundering. Now. Listen now to Trump. He's
asked point blank by a reporter, should Jerome Powell be fired?
And Trump kind of you know, he's basically saying, yeah, yeah,
but this is not about that, right now, Roll cut
(24:32):
two A Mike.
Speaker 2 (24:36):
Think he was the president us, Well, I'm here just
really with the chairman. He's showing us around, showing us
the work, and so I don't want to get that.
Speaker 1 (24:45):
I don't want to be personal.
Speaker 2 (24:46):
I just would like to see it get finished. And
in many ways it's too bad it started, but it
did start, and it's been under construction for a long time.
They're gonna be it's gonna be a real long time
because it looks like it's got a long way to go.
Speaker 1 (25:02):
Guess her. So, I mean, it's been going on for
years and it's still going to go on for years.
And look, I can tell you this story after story
now is coming out all right, even the New York Times,
and they're one of the biggest backers of Jerome Powell
in the world, Even the New York Slimes, even the
(25:22):
Washington Post, the Compost, both of whom love Jerome Powell
because Powell is an enemy of Donald Trump. They love
his high interest policy because they want to hurt Trump economically.
They don't care if it hurts the country. They just
want to hurt Trump. Even they say that these cost
overruns are absolutely fantastical, that they're ridiculous, that they're obscene,
(25:47):
that we've never seen anything like this, and it's witness
after witness after witness that say, it's a Wednesday or
a Thursday or the middle of the week, it's beautiful
weather outside in Washington, and nobody's working. Everybody's getting paid, literally,
everybody's getting paid, but they can't find one worker working,
(26:10):
or that contractors are coming in and it's you know,
they're they're coming in empty and they come in and
pretend that they're dumping off let's say cement or sand
or you know whatever construction materials, and they're being charged
as if they just did a full load. But there's
nothing coming in and so they're they're coming in, uh
(26:35):
you know, like it's it's like, you know, they just
keep coming in, back and forth, back and forth, and
they're being they're charging ten times that they've dropped off
I don't know, cement or sand or whatever construction stuff,
but they're only actually bringing in one load. Nine loads
are empty, one load is full. Just to give you
(26:57):
an example of how outrageous this is. Or that workers
are being paid and there's nobody on the construction site.
So even even the fake news media is looking at
this and saying, whoa, whoa, this is way way out
of control. Yeah, I think Trump should fire him. I've
(27:21):
had it with this guy. The country's had it with
this guy. And I'll tell you this, and I'd love
to take calls whatever you think of the interest rate policy,
which is to me, have been a disaster. The corruption, now,
the bribery, the massive cost overruns on this construction renovation,
(27:43):
this project is going to taint Powell's legacy forever. And
the fact that he lied under oath and committed perjury.
About it again and again and again. Six one seven
two six six sixty eight sixty eight is number. You
can also text us seven zero four seven zero seven
(28:04):
zero four seven zero. Okay, audience again today I'm you're
on fire. I'm telling you you're on fire. I mean,
you're always very good, you know that, but today, boy,
you're really bringing it. So just to show you how
obscene this is. Okay, again, only in Washington. Only in
(28:25):
Washington can you get away with something like this. This
is Mark on Messenger and he makes an absolutely brilliant point. Jeff,
by the way, sports franchises build state of the art
stadiums and arenas for four billion dollars. Mark, Honest to god,
(28:51):
I think you're going too high. And maybe New York,
you know, maybe I'm not even gonna say Boston because
I'll get to this in a second, but I don't know,
maybe Atlanta, maybe La Here, just to give everybody an example, okay,
professional football, the Buffalo Bills are now in the process
(29:11):
of you know, building again, no renovation. This is from
the you know, from the foundation up from the ground floor.
They're building a brand new, fully loaded, state of the
art stadium that can see what is it, Mike, sixty
thousand you told me, right, sixty thousand people, But I
(29:35):
mean it's got everything. I mean, it's just it's got
everything you could possibly imagine. Two point two billion dollars
two point two billion. The original cost one point four billion,
and now they say this cost overruns so and even there,
it's eight hundred million. It's not even one point two
one point three billion, it's eight hundred million. Anyway, it's
(29:57):
going to cost them in the end two point two
billion dollars. Okay, two point two You could get a
freaking a mega stadium for two point two billion dollars.
This thing is going to cost us three point two billion?
What the hell is this? Now? People don't know this, okay,
(30:22):
about these stadiums. It is a huge issue in every town,
every city, every state because local and state governments always
pitch in with taxpayer dollars. It's usually kind of a
private public partnership deal. Sometimes it's mostly public, very little private,
(30:45):
but it doesn't matter. It's always a big thing where
local and state taxpayers have to foot at least part
of the bill for you know, a big arena or
a big stadium, you know, like Buffalo for example, that
had to come out of the local community. They had
to pitch in a lot of money for this state
(31:05):
of the art stadium. And the problem with that is,
and look, I love football, I love sports, you know me.
But you know a lot of people are like, hey,
I don't watch football, I'm not into sports. Why should
I have to pay for one of these, you know,
mega stadiums, Like why is this coming out of my pocket?
Especially considering the roads are horrible, the schools could use
(31:30):
more money, the hospitals, the infrastructure everything around us. Our
police are underfunded, our fire is underfunded. So we're going
to be spending all of these resources, our taxpayer money
for a stadium. We have other priorities. I'm just saying.
That's why it's always very controversial. There is only one
team in the NFL. I'm tempted to say professional sports hockey, Baseball, basketball, football,
(31:59):
the Big four. I'm not one thousand percent sure, so
I'm not gonna say that, Okay, but I suspect it's true.
But definitely in the NFL that I know for sure,
there's only one team in the entire National Football League
that never asked for a dime of local or state
(32:19):
taxpayer dollars taxpayer money. The New England Patriots and Jillette Stadium,
which is right near where I live, and the owner,
Bob Craft, has made a big issue out of this.
And that's why. This is what fans don't understand. I
don't want to get too sidetracked, but fans are always
complaining he's cheap, you know, Bob Craft, he should pay
(32:42):
more for his players for payroll for this, and Bob
Craft always comes back and says, whoa whooa like every
other owner in the league, I didn't get billions of
dollars in taxpayer money to help build the stadium. We
(33:03):
built Jillette Stadium out of our pocket. I mean, they
took a loan out from a bank, et cetera. But
the point is it's all private, it's all privately funded.
It's our money. So no, I'm not going to be paying,
you know, top dollar for all these athletes. Why because
I never got effectively a bailout from the taxpayers. So
(33:28):
you know, to the people of Foxboro in my area,
you didn't pay for this stadium. To the people of Massachusetts,
you didn't pay for this stadium. I paid for the stadium.
Now that's a big expense. It's a massive expense. So no,
I'm not going to shell out these crazy contracts. The
other teams do it because they can afford to do it,
(33:49):
because they got helped out by the state government or
the local government. We didn't, Okay. So my point is
you can get state of the art stadiums and Gellette's beauty.
I know it's a pat older, but it's a beauty.
I've been to Gillette many many times, even if there's
not a game. I'm telling you, come down a Patriot Place,
(34:12):
great shops, great restaurants, great family atmosphere. Just look at
the stadium. You're like like wow, it's like it's like
the modern day Roman Colisseum. It's beautiful. And that's what
That's what three billion dollars will get you. Hell, two
billion dollars will get you that. So what the hell
(34:35):
are they building over there in Washington. And that's the point.
And those are renovations. That's how much they're stealing. That's
how much they're stealing. Now, just very quick as I
want to go to the to the phone lines six one,
seven two, six, six, sixty eight sixty eight is the number.
(34:55):
Uh again, this is from six oh three and uh,
excellent point. Excellent point, Jeff. This is this, It's all
in caps. This is the same exact crap that was
going on with the Big Dig in Boston. We have
a lot of listeners from around the country so that
(35:16):
they know the Big Dig was a big project. What
was that thirty years ago where they built the tunnel
and the cost overruns were through the roof. It was
way over budget, way past time. I just it was
the opposite of on budget and on time. It went
(35:37):
on for years. The cost overruns were insane. They milked
the taxpayers dry and honestly we found out later shoddy
construction on top of it all. I mean, we were robbed,
the people of Boston, the people of Massachusetts. You want
(35:57):
to talk about a boondoggle that may have been the
mother of all boondoggles. But anyway, not sure if you
were in Boston at that time. But this is exactly
the same fraud and abuse that we saw with that
state government project. And I'm sure the audience has a
story or two to share about that boon doggle. You're
(36:20):
dead on, You're absolutely dead on. So listen now. To
one last clip and I want to go to phone lines.
Listen now to President Trump. He's with you know, Jerome
Powell is right beside him, and the reporter says, well,
you know you're really criticizing Powell NonStop. Now is there
(36:40):
anything he can do at this point to get you
to back off? Trump says, well, yeah, there's one thing.
Roll cut to b Mike. Are there things that chairman
can say to you today that would make you back
off some of the earlier criticism.
Speaker 2 (37:00):
Well, I'd love him to lower interest Rachel, rather than that.
Speaker 1 (37:03):
What can I tell you?
Speaker 3 (37:07):
Well?
Speaker 1 (37:07):
I would have said yeah, and uh, you may be
going to jail. Jerome. I hate to break it to you,
my friend, but e uh, there's a lot of money
that's been stolen here. A lot of money is missing, Jerome,
A lot of money. Six one seven two six six
sixty eight sixty eight. Okay, let me ask you, a
(37:30):
should President Trump fire Jerome Powell? B? What do you
make now? What are they building? Is this a modern
day taj Mahal? Is it worth three point one billion
dollars to renovate the Federal Reserve? Would they print all
of our money and basically drive our country into the ground.
(37:53):
Is it worth three point one billion? And do you
suspect now we are talking about massive corruption, massive overruns,
massive abuse of topspayer money on the scale of the
Big dig six one seven two, six, six sixty eight
(38:14):
sixty eight. John in Watertown, you're gonna kick us off, John,
Thanks for holding and welcome.
Speaker 4 (38:22):
It's not funny. Trump should know our financial system. He
can't fire your home power because the Federal Reserve is
not part of the federal government. O the people who
don't understand that the Federal Reserve is a private organization
and it is illegal. The Constitution says your government shall
create the money and set the value. The Federal Reserve
(38:45):
is illegal. And if Trump knew what was going on,
he could create our own money and there'd be no interests.
You could borrow money for nothing. That way, there would
be no debt. Donald Trump could cancel the debt tomorrow,
eliminate it because all that money goes to the feder
When you bought your house, chef, how much did you
have to pay for interest?
Speaker 1 (39:07):
I forget now, but it was like five and three
quarters or five and a quarter? Does that? It was
a while back. So and grace. You know, basically did
the negotiations. I was just there to sign. It was
basically just above five percent.
Speaker 4 (39:26):
The bank got the money to loan to you.
Speaker 1 (39:29):
I'm sorry, John, could you repeat that?
Speaker 3 (39:31):
Yeah?
Speaker 4 (39:32):
Where do you think the bank got the money to
loan to you?
Speaker 3 (39:35):
Oh?
Speaker 1 (39:35):
Did you're saying it came from the Fed?
Speaker 3 (39:37):
Right? Yes?
Speaker 4 (39:38):
And where did the Fed get the money?
Speaker 1 (39:41):
And you're saying it's what from other banks?
Speaker 4 (39:43):
No, they just made it up out of thin here.
That's why there's thirty seven trillion the dead. It's a
bunch of loaning. I want you to write this down.
It's very important. Get this off to Trump. I'll go
to Washington and I have to and explain the whole
financial system. But it's already been done on the computer,
free the money masters, and the author is Bill.
Speaker 3 (40:04):
Still.
Speaker 4 (40:04):
If you didn't write it down, Mike's god it that'll
explain the whole Federal reserve system. Should you be eliminated,
there'd be no debt. And if they did change your debt,
that would go to pay your taxes and actually you
would be free. There's no reason to have any debt.
And this is true one hundred.
Speaker 1 (40:20):
I mean you and I are in complete agreement. John.
I've never read Bill Still, to be honest with you,
but I'm a big supporter of Ron Paul on this,
and I think he's been a brilliant critic and really
advocate to abolish the Federal Reserve. I think these central
(40:41):
banks are dangerous, destructive, out of control, wieled way too
much power, unelected, unaccountable, and I completely agree with you
a I would audit the FED just to show the
incredible corruption, the mind boggling core option that they have
(41:01):
been involved in for god knows how many decades. So
just to the public so they could see how much
we've been robbed and pillaged by them. And then I
would abolish to FED. I would get rid of it, completely,
audit and then abolish. But I don't want to get
too side tracked. You're completely right, John, but I don't
(41:22):
want to get too sidetracked. I want to focus on
this particular scandal. But I do appreciate it, John, Thank
you very much for that call. But anyway, look, so
Powell is holding the economy hostage. See that's another thing.
How do you give so much power to one man?
And he, by the way, John is right, the Federal
(41:42):
Reserve is technically a federal entity. It's basically our central bank.
In a nutshell, it's our central bank. We just call
it the Federal Reserve, and we give it way too
much power that he can basically what hijack the economy
(42:03):
and and reque havoc on the housing market and businesses
are waiting to invest, but they're just waiting for interest
rates to come down. That one man would wield so
much power, I mean, it's ridiculous. And on top of that,
you know, seriously, what are they building the pyramids? The
(42:24):
Egyptian pyramids? Like what are you guys building over there?
And you watch when everything is said and done, it's
going to look no better than how it looked in
the past. You're gonna say, it's it's classic Washington money
right down a rat hole. You're gonna say, where did
(42:45):
the three point one billion dollars go? Like, what are
we getting for our money? Except your own? Powell is
going to be much richer, and many of the cronies
and those who are connected to the project, obviously many
of them big donors, they're going to line their pockets.
(43:07):
It's theft. What we're watching is theft. Six one seven
two six six sixty eight sixty eight agree, disagree, Arthur
in Chestnut Hill. Thanks for holding Arthur and welcome.
Speaker 3 (43:23):
Well once again, Jeff. If we had an honest media
in this country, this would have been exposed a long
time ago and never would have started. Never would have started.
And you know the contractor is that did this obviously
worked on the big dig in that train line in California.
But this is typical of anything that the government doesn't
(43:46):
construction unless Trump is involved. It's the same operating tactic
that they've always used. They start off with a low
figure to get the thing started, and then they come
up with these big overruns. And you ask where does
the money go, Well, I'll tell you where it doesn't go.
(44:06):
It doesn't go to help the veterans. Okay, today's, by
the way, is hire a veteran day. But as somebody
who is a veteran and not somebody who's lost a
limb of something or pay the ultimate price, it disgusts
me that veterans are still committing suicide at a high
rate today. They can't get appointments at the VA. Nothing's
(44:30):
really improved, and these people are stealing money and when
they steal money, that's who they steal it from. They
steal it from people that the government should be helping
instead of the people who are in government helping themselves.
This is what this country has become. Jeff Okay. And
this guy's got no shame. You can look at his
(44:52):
you can look at his expressions, the smugness that this
guy could care less about a legacy any and he
was appointed by Obama of course. And and they shouldn't
have an appointment that said, what is it ten twelve
years that they have that kind of power? And uh
and and and have an appointment that you can't do
(45:13):
anything about because we're supposed to have a government with oversight,
so things like this doesn't happen, but they want it
to happen. And he's part of the the Democrat and uh,
you know, crime family. Nothing's going to happen to him,
Nothing happens to anybody. Nobody goes to jail. You know,
(45:34):
he's part of the Obama uh Biden, the most corrupt,
traitorous people who have ever been in this in this
in this country. And they're still walking around laughing at
us and and and it disgusted me. It disgusted me
that the decent people in this country can't get any
(45:58):
anything that they're entitled too, and these people are doing
what they're doing. You know, to look at that guy,
it discussed me to look at him because he's an
arrogant sob. And look and you can see when they're
walking around there's nobody even working. It's like you watch
(46:19):
highway projects around Massachusetts. You see all this concession and
you drive by, there's nobody working. But like you said,
believe me that they're getting paid though, aren't they by
the earth?
Speaker 1 (46:31):
That is so true. Like in my neck of the woods,
the roads are closed. You got they've got orange cones everywhere,
signs construction, construction, construction. It's a real inconvenience when it
comes to traffic and you look around, you where's the construction,
who's constructing? Where are the workers? They're nowhere to be found.
(46:54):
It's incredible. And then the other thing, Arthur, and I
gotta say this, this is unique. Maybe they do in
New York or New Jersey. So I don't want to say,
you know, only Massachusetts, but let's put it this way.
It's you. It's it's close to uniquely Massachusetts they're doing
construction when they're and they're not doing construction, meaning there's
(47:15):
signs everywhere, everything's closed, and I'm sure they're all getting paid,
but they're not. You don't see anybody working. But then
they put a couple of cops on detail. That's the
part that gets me all at time. So on the
you know road closed, right there is a cop and
then way down the road is the other cop and
you could actually see them. They're outside, they're taking in
(47:37):
the sun, they got their sunglasses on, you know, maybe
a little bit with the traffic. They're like, come on
with their hands, come on, move on, move on, move on.
And I'm like, why do you need a police detail?
Like why you're not even protecting the workers. By the way,
who's going to attack the workers? But the workers aren't working,
(48:00):
The workers aren't t are So not only are the
construction workers in on it, the cops are in on it.
So they're making extra you know, time and a half,
double time over time. It's just it's a rocket from
A to Z Arthur. Am I wrong? Have you seen
the cops everywhere when they do a construction project. Not
(48:22):
only are they not working, the police are there or
or they're in their vehicles they are conditioned and just
you know, you just see the lights going on, you know,
the police lights, and they're just sitting in their cars
doing you know, doing detail over nothing. What say you, Arthur, if.
Speaker 3 (48:47):
Them five of guys are standing around the pole talking
why one guy's working and and and then there's the
cops who are sitting in the cars, you know, just
in an air condition. Uh you know is you know
and today today when things cost so much and and
(49:08):
things are so bad economically for a lot, especially in
this state. But but construction has been one of the
biggest sources of corruption and kickbacks that has ever existed
for the worst work. Every time you see a road repaid,
it's going to be repaid to but two years later,
uh it is. But you know what we do it
(49:30):
to ourselves. I mean, we we elect the people that
that that that do that, that get away with doing
this sort of thing. This is why I'm very saddened
by the biggest betrayal that I've ever seen one guy
do to another, what Donald Trump did to Elon Musk.
Elon Musk is one of the greatest people in the
(49:50):
history of this country. What he's sacrificed what he's given
to this country and what he did for Trump. And
he never said no, the one thing that's up asking
to do. And sacrificed hundreds of billions of dollars okay,
and and asked for nothing in return, and uh no, and.
Speaker 1 (50:12):
Arthur, you're in Doge. He really delivered on Doge
Good morning, Cooner Contry. Okay, look, I gotta tell you,
I think Trump is pretty much now at his breaking point.
I don't blame him. Jerome Powell has been maybe the
worst fed chair we have ever had. And look, this
is not gonna be a wonky or you know, policy
(00:23):
in the weeds type of a segment, my friends coming in. Look,
you look at President Trump's achievements, and we have now
just passed the six month mark. It is truly, absolutely
historic and remarkable what he has done in such a
short period of time. And strictly speaking now, because he's
(00:46):
had so many accomplishments, I'm not to you know, the border, Iran,
the nuclear weapons program. I could go on and on
and on on the economy alone. We are now seeing
something that has rarely ever been seen before. Ten trillion
dollars with the tea Now, investment is beginning to pour
(01:10):
into the United States. Factories are being built, plants all
over the country. We're seeing record tariff revenue pour in.
We're starting now to see economic growth begin to really
take off. Middle class wages, wages for working middle class
people are now seeing a rise that we have not
(01:33):
seen in over thirty years. These are just some of
the latest economic numbers. Inflation is now being tamed. Finally,
I wish you'd go a little faster, but it's coming down.
The one thing that stands in the way, the one
last piece in the puzzle, are interest rates. And as
(01:57):
you know, we have Dan O'Connell. He's an advertiser on
our show. I occasionally interview him and that you can
hear it during the breaks on our show. He's one
of the top real estate agents in all of Massachusetts
southern New Hampshire. I highly recommend him. But that's not
the point. The point is when I talk to Dan O'Connell,
(02:20):
I say, Dan, what's the one thing that is holding
back the entire housing market. Why is the housing market,
which is the last sector now that still remains flat
on its back. It is weak, it is anemic. People
aren't buying homes, people aren't able to sell homes. What
(02:43):
is it? And I asked him, I said, is it
the tariffs? He said, no, I'm telling you it's not
the tariffs. It's the high interest rates. Jerome Powell is
strangling the housing market with these ridiculously high interest He's
suffocating the entire housing market and if he would just
(03:05):
cut the rates, housing would boom, and then the entire
economy would be clicking on all cylinders. So President Trump
has been asking now for Jerome Powell, over and over
and over, to the point he's practically demanding, saying, lower
(03:26):
the dam interest rates. What is wrong with you? We
know the economy now is really taking off. Gas prices
are dropping again. I tanked up this week. It's under
three dollars a gallon fifty two bucks. I filled up
my car, my vehicle completely. Under Biden was eighty dollars.
(03:50):
So look, it's twenty eight bucks a week. It's not peanuts.
It's over one hundred dollars a month. So you're starting
to see energy come down. Gas come down, some eggs
come down, definitely, some, you know, some of the housing
has not come down. Housing is still extremely expensive. Rents
are way too high. Housing housing costs or the value
(04:14):
of homes, home prices way way way too high, especially
in places like Boston and New York and some of
these big metropolitan areas. But overall, in the economy, there's
no question. Now it's not like it was under Biden.
Quite the opposite. The inflation is cooling inflation is now,
(04:38):
it's at a minimum stabilized, not going up, and in
some places it's starting to start to come down. So
Trump is making to me a very solid argument, inflation
now is it to what is it? Two point seven percent?
Two point five percent? He goes lower the rates. Inflation
is no longer a threat, and if there is an
(05:01):
inflationary problem, then you can always re raise the rates.
So what's the problem. And I'll tell you what the
problem is. Jerome Powell is clearly trying to sabotage Trump's
economic recovery. There's no question he's trying to sabotage and
undermine Trump's presidency because you look at dozens of other
(05:25):
countries who have higher inflation than we do, whose economy
is not doing as well, and their rates are lower,
not higher, they're lower. So why aren't ours commensurate at
least with theirs. So it's obvious this is a concerted
(05:47):
attempt by Powell. And remember in twenty twenty four, when
inflation under Biden was much higher, it was way over
three percent. Still he lowered the rates so to try
to help Joe Biden win the election when inflation was
still a problem. Jerome Powell. Too late Powell, as Trump
(06:10):
calls him, he's always too late on everything, lowered the
rates for Joe Biden, so to help Joeye and eventually
Kamala Harris win the election. Now, yesterday President Trump, and
this was a beautiful thing to watch. I was laughing.
I'm telling you, I almost busted a gut. Yesterday Trump
(06:33):
made the visit to the Federal Reserve headquarters in Washington,
and on top of everything else, now that is causing
problems for Jerome Powell. Trump wants him gone. In fact,
I think most of the country wants him gone. With
pressure building and building for him to finally drop the rates,
(06:56):
he now is facing potential criminal charges. In fact, Congresswoman
from Florida at Alena Anna Paulina Luna has now referred
the DOJ to literally open up a criminal prosecution against
too late Powell. Why because he has lied under oath
(07:20):
about the cost overruns on the renovations to the Federal
Reserve headquarters. This is a massive, burgeoning scandal that for
whatever reason, the media, well we know the reason the
media does not want to cover because they love the
fact that Powell is keeping interest rates artificially high in
(07:41):
order to try to strangle or suffocate the Trump economy. Now,
just so that you know, they have been spending years
renovating the headquarters of the Federal Reserve. Why they needed
to renovate it. There was nothing wrong with the building
to begin with. Okay, but let that go. Joey basically
(08:05):
signed off on a blank check. It was supposed to cost.
Listen to this, one point nine billion dollars to renovate,
not to rebuild, just to freaking renovate the Federal Reserve
building and that whole area around the Federal Reserve. It's
(08:29):
now going to cost three point one billion dollars. There
are billion dollars over budget. First of all, one point
nine billion is obscene. They were robbing us blind on
one point nine billion. And now the question is where
(08:51):
did all the money go? And that's what Powell has
been asked repeatedly under oath. And now it appears he
is in in a very serious corruption scandal where money
has simply disappeared, it has been embezzled, it has been stolen.
Contractors are getting paid ridiculous amounts of money. Remember this
(09:13):
is our taxpayer money. And so Trump went to finally
see this renovation that was taking place. And you see,
if you can picture him, he's in a blue suit,
red pie, you know, his usual Superman outfit, his suit
(09:33):
and pie, and he's got a white hard hat on.
And Powell is right beside him. He's got his white
hard hat on. And there's Trump and they're doing a
tour and Senator Tim Scott is right beside Trump. The
reason why Senator Tim Scott is there is because he
(09:54):
sits on the sub committee that's overseeing this massive boondoggle.
And Scott is the one that's un covering these massive
cost overruns. And that Powell why two under oath? And
guess what? Guess what? Trump is now starting to ask,
(10:15):
what are you guys spending all of these billions of dollars?
On roll cut one a mic.
Speaker 2 (10:25):
We're looking at the construction and we're with the chairman,
as you know, Chairman, come on over, and we're just
taking a look at what's happening. And it's a tough
construction job. They're building basements where they didn't exist or
expanding them and a lot of very expensive work, there's
no question about it. And Tim has been with me
(10:47):
for a long time. And you're in charge of the committee.
Speaker 3 (10:49):
And they's one of the reasons why I wanted to
see it, the overruns of the expenses, wanting to figure
out why.
Speaker 1 (10:56):
Yeah, Trump says, yeah. So Powell is now right beside him. Oh,
you got to see what happens next. Six one seven two, six, six,
sixty eight sixty eight is the number if you want
to be part of the show. Okay, So all right,
So picture Trump. He's now at the Federal Reserve headquarters
(11:18):
where the renovations are taking place. All these construction guys
are working around them, you know, with their hard hats.
He's got his hard hat on. Tim Scott, who heads
the committee that is overseeing all this, and he's like,
these cost overruns are insane. So and you got, of
course Jerome Powell, and he's got his hard hat on too,
(11:39):
and you could tell he's very uncomfortable for many reasons. A.
Trump is calling for him to be canned and he
should be fired. And b now they're going and asking
questions about how is this going from one point nine billion.
I remember again, these are just renovations. They're not building
(12:01):
a new building from the bottom up. This is just
they're revamping it. That's it. So how did you get
to the original one point nine billion, is what I'd
like to ask, But let that go. Now, they've just
found out it's going to be an extra one billion
dollars in cost overruns three point one billion. So Trump
(12:27):
is there, Powell is right beside him, the media is
right in front of him, and Trump says, you know, yeah,
I just well, we're here because we just found out
it's all going to cost at least one three point
one billion dollars. It just would one up from one
(12:49):
point nine to three point one. And we're looking around like,
what's what are you guys doing down here? And then
Powell starts to shake his head like that's true, that's
not true. So he then says, I haven't heard of that.
What do you mean three point one billion? And Trump
looks really annoyed, and you know, and he just okay,
(13:11):
you insist, and he was ready, and he pulls a
letter from his side jacket pocket and he says, and
he gives it to him in front of all the cameras.
He goes, this just came from you, from your own
federal reserve. You see. Look, he points to the he goes,
(13:33):
you see federal reserve. That came from your office telling
us now that the cost has just ballooned exploded another
extra one billion, one point two billion dollars, And Paul
is like, this came from us, and Trump's like, yeah,
(13:55):
who does that? Roll cut one a mike.
Speaker 2 (14:03):
So we're taking a look and it looks like it's
about three point one billion, went up a little bit
for a lot, so the two point seven is now
three point one. Yeah, it just came out. Yeah, I
haven't heard that from anybody to set.
Speaker 1 (14:21):
He just came out.
Speaker 3 (14:25):
I said about three point one. That's well seeing one
three points this came from us.
Speaker 2 (14:30):
Yes, I don't know who does man?
Speaker 1 (14:34):
So anyway, so uh so yes, Tim Scott's beside him
and he says, uh, yeah, I just heard the same thing.
We're looking at, you know, three point one he maybe
even three point two billion, And Trump's like this annoyed
look on his face, like you know, and you could
tell he's like, you think you're playing us for fools,
Like you're gonna do the whole mister magooac now, like
(14:56):
you're blind, you don't see anything, you know. So he goes, well, here,
look well, and he's pointing his finger he goes, look,
that's you. That's from your office right there. So we
went from one point nine billion to two point seven
billion to now three point one even three point two billion.
So listen now to Powell. Powell suddenly says, well, you're
(15:17):
including another building, the Martin building, the Martin renovation. And
Trump's now looking at him in utter disbelief. But that's yeah,
who cares. It's all part of the Federal Reserve. This
is the main headquarters that we're in now. But the
building right next let you guys go to that building.
You use that building. Yes, So the whole freaking project
(15:41):
is over budget by over a billion dollars. Like, let's
not be stupid now, roll cut one b Mike.
Speaker 3 (15:50):
Are you including the Martin renovation?
Speaker 1 (15:52):
You just added our retire capital plea. You just you
just added in a third buildings. Whether that's a third building.
Speaker 2 (15:57):
It's a building that's being built now, and.
Speaker 1 (16:00):
It was built five years ago.
Speaker 2 (16:01):
We finished more than five years over as part of
the old rule of so new So we're going to
take a look. We're going to see what's happening.
Speaker 1 (16:12):
I mean, this is unbelievable. This is unbelievable. And so
and so Trump, then listen to this. Now, this to
me is the best part. Only in Washington, Only in Washington.
You want to know why we're broke as a country.
Here it is here, it is okay. Listen now, Trump
(16:33):
says to him, So we're now way over budget. Do
you expect, you know, any more additional cost overruns?
Speaker 3 (16:41):
Like? Is this it?
Speaker 1 (16:42):
Now?
Speaker 3 (16:43):
Is this it?
Speaker 1 (16:44):
Listen now to Powell's response, Holy mackerel, roll cut one,
see a mic.
Speaker 2 (16:53):
Do you expect any more additional cuss out runs?
Speaker 3 (16:56):
Don't expect them. We're ready for him. But we have
a little bit of a reserve that we may use.
Speaker 4 (17:02):
But no, we don't expect to be finished in twenty
twenty seven. We're well along, as you can see.
Speaker 1 (17:09):
We have a little bit of a reserve. No, no, no,
we're not expecting any more additional cost overruns. But you know, hey, look, hey,
there's always more money.
Speaker 3 (17:24):
You can't make this up.
Speaker 1 (17:26):
I'm telling you cannot make this up. A disc guy.
This guy is the chair of the Federal Reserve. Now
one more, here's listen this. So a reporter asks him, well,
you know you're a construction guide. That's how you made
your fortune. Nobody knows construction more than you, mister Trump.
Mister President, if you had a project manager who had
(17:50):
these cost overruns, what would you do? Listen to Trump's
response roll cut two a mic. You real state developer,
what would you do with the project manager who.
Speaker 4 (18:04):
Would be over buntect.
Speaker 2 (18:07):
Generally speaking?
Speaker 3 (18:08):
What would I do?
Speaker 1 (18:09):
I'd fire him? You think you think? Now? I want
you to think about this. They're now gonna spend three
point one three point two billion dollars with a B
on something that may be finished in another two years.
(18:33):
Six one seven two six six sixty eight sixty eight
is the number. Okay, you can text the cooner man
seven zero four seven zero seven zero four seven zero.
This is from six TOZHO three Jeff. President Trump confronting
and exposing Jerome Powell live on camera reminds me so
(18:56):
much of when President Trump did the very same thing
to the President of South Africa over the white genocide
and the murders of all those white farmers. He doesn't
leave these dirt bags much wiggle room, but they sure
do squirm, and it's really something to see them do
it live on camera with nowhere to hide. I love
(19:20):
this guy, Yeah, so do I I got. I was
laughing when I saw this yesday. I just kept chuckling
and laughing. And you're right, it's a great word, squirm,
because that's what Jerome Powell was doing yesterday. He was squirming.
You can see it. He was red faced, he was embarrassed,
(19:40):
he was humiliated. And the question is this, Okay, let's
leave aside the interest rates for a second, you know,
let that go. As I like to say, how the
hell do you burn through three point one billion dollars
on a renovation? As I said to Grace last night,
(20:03):
if Trump walked in and said, here, here's what we're
gonna do. Okay, I'm calling in now, the bulldozers, Cooner,
I'm calling in cooner, you know, and the bulldozers, the
wrecking balls. We're just gonna demolish the whole thing, literally
demolish the whole thing. Okay, all three buildings, the headquarters
(20:23):
and the other two side buildings. I'm gonna demolish the
whole thing. Here's a billion dollars, and you can build
from the from the ground up, from the bottom up,
a bill one billion. You could build a modern day
tash Mahal. In fact, we can do the tash Mahal
(20:45):
One up. Tash Mahal is made of pure marble, ivory
white marble. It's considered one of the you know, it's
a mausoleum, one of the greatest building projects in the
history of the world. Okay, we could build it with
gold a billion A build one billion here, forget the time.
We've done taj Mahal plus. Okay, we can rebrand it
(21:07):
the Trump Mahall. And it's it's the first headquarters are building.
It's in pure gold. And we're still putting two billion
dollars in our pocket. How the hell do you spend
three point one billion on a freaking renovation project? Where
(21:29):
the hell is the money going? And this idiot's like
nodding his head like, oh, I didn't see this lady's figure.
Speaker 3 (21:36):
You don't know.
Speaker 1 (21:38):
Oh no, well now you're including the Martin building. Well yeah,
it's part of the overall renovation. This is how you
just how you run a budget. You know, well, that's
the car payment. You're not talking about the house payment,
but it's part of the overall family budget. I mean,
where's my money going? Well, I don't know. Hold on, Jeff, hey, whoa,
(22:01):
that's the pay for the cars. Yeah, but the money's
still flying out. So they're robbing us blind. I mean,
there's no question they're robbing us blind. Now, as I said,
in a nutshell, this is exactly what's wrong with our
(22:22):
federal government. You've got a crook, and that's what Jerome
Powell is. He's a crook who lied under oath repeatedly
about the mismanagement, the corruption, the cost overruns on a
project that never this one. The original project of one
(22:43):
point nine billion was insane. Let's not quibble. It's a
two billion dollar project for renovations. No, let me tell
you what happened. This contract was signed under Joe and
this was what the Biden's did to the whole country.
Everybody was taking you know, everybody was getting a piece
(23:06):
of the pie. Everybody was watering their beaks and they
money was flying out the door for every project under
the sun, and everybody made sure they got a nice
slice for themselves. There's no way this project should have
been authorized to begin with, not at one point nine
(23:27):
billion dollars. That is absolutely insane. Again, I want to
stress this. They're not building new buildings. It's a simple renovation.
And then on top of the one point nine billion,
we're adding another one point two one point three billion.
(23:48):
It's highway robbery. I'm telling you. They don't even do
this in Eastern Europe, even in easter. Whoa, whoa, whoa wait, heyday,
but not so ah hh Now, hey the peasants, whoa,
they're gonna come with their pitchforks. Come on, hey, leave
something for the roads and the schools and the hospitals.
(24:10):
This is there's plundering. Now. Listen now to Trump. He's
asked point blank by a reporter, should Jerome Powell be fired?
And Trump kind of you know, he's basically saying, yeah, yeah,
but this is not about that, right now, Roll cut
(24:32):
two A Mike.
Speaker 2 (24:36):
Think he was the president us, Well, I'm here just
really with the chairman. He's showing us around, showing us
the work, and so I don't want to get that.
Speaker 1 (24:45):
I don't want to be personal.
Speaker 2 (24:46):
I just would like to see it get finished. And
in many ways it's too bad it started, but it
did start, and it's been under construction for a long time.
They're gonna be it's gonna be a real long time
because it looks like it's got a long way to go.
Speaker 1 (25:02):
Guess her. So, I mean, it's been going on for
years and it's still going to go on for years.
And look, I can tell you this story after story
now is coming out all right, even the New York Times,
and they're one of the biggest backers of Jerome Powell
in the world, Even the New York Slimes, even the
(25:22):
Washington Post, the Compost, both of whom love Jerome Powell
because Powell is an enemy of Donald Trump. They love
his high interest policy because they want to hurt Trump economically.
They don't care if it hurts the country. They just
want to hurt Trump. Even they say that these cost
overruns are absolutely fantastical, that they're ridiculous, that they're obscene,
(25:47):
that we've never seen anything like this, and it's witness
after witness after witness that say, it's a Wednesday or
a Thursday or the middle of the week, it's beautiful
weather outside in Washington, and nobody's working. Everybody's getting paid, literally,
everybody's getting paid, but they can't find one worker working,
(26:10):
or that contractors are coming in and it's you know,
they're they're coming in empty and they come in and
pretend that they're dumping off let's say cement or sand
or you know whatever construction materials, and they're being charged
as if they just did a full load. But there's
nothing coming in and so they're they're coming in, uh
(26:35):
you know, like it's it's like, you know, they just
keep coming in, back and forth, back and forth, and
they're being they're charging ten times that they've dropped off
I don't know, cement or sand or whatever construction stuff,
but they're only actually bringing in one load. Nine loads
are empty, one load is full. Just to give you
(26:57):
an example of how outrageous this is. Or that workers
are being paid and there's nobody on the construction site.
So even even the fake news media is looking at
this and saying, whoa, whoa, this is way way out
of control. Yeah, I think Trump should fire him. I've
(27:21):
had it with this guy. The country's had it with
this guy. And I'll tell you this, and I'd love
to take calls whatever you think of the interest rate policy,
which is to me, have been a disaster. The corruption, now,
the bribery, the massive cost overruns on this construction renovation,
(27:43):
this project is going to taint Powell's legacy forever. And
the fact that he lied under oath and committed perjury.
About it again and again and again. Six one seven
two six six sixty eight sixty eight is number. You
can also text us seven zero four seven zero seven
(28:04):
zero four seven zero. Okay, audience again today I'm you're
on fire. I'm telling you you're on fire. I mean,
you're always very good, you know that, but today, boy,
you're really bringing it. So just to show you how
obscene this is. Okay, again, only in Washington. Only in
(28:25):
Washington can you get away with something like this. This
is Mark on Messenger and he makes an absolutely brilliant point. Jeff,
by the way, sports franchises build state of the art
stadiums and arenas for four billion dollars. Mark, Honest to god,
(28:51):
I think you're going too high. And maybe New York,
you know, maybe I'm not even gonna say Boston because
I'll get to this in a second, but I don't know,
maybe Atlanta, maybe La Here, just to give everybody an example, okay,
professional football, the Buffalo Bills are now in the process
(29:11):
of you know, building again, no renovation. This is from
the you know, from the foundation up from the ground floor.
They're building a brand new, fully loaded, state of the
art stadium that can see what is it, Mike, sixty
thousand you told me, right, sixty thousand people, But I
(29:35):
mean it's got everything. I mean, it's just it's got
everything you could possibly imagine. Two point two billion dollars
two point two billion. The original cost one point four billion,
and now they say this cost overruns so and even there,
it's eight hundred million. It's not even one point two
one point three billion, it's eight hundred million. Anyway, it's
(29:57):
going to cost them in the end two point two
billion dollars. Okay, two point two You could get a
freaking a mega stadium for two point two billion dollars.
This thing is going to cost us three point two billion?
What the hell is this? Now? People don't know this, okay,
(30:22):
about these stadiums. It is a huge issue in every town,
every city, every state because local and state governments always
pitch in with taxpayer dollars. It's usually kind of a
private public partnership deal. Sometimes it's mostly public, very little private,
(30:45):
but it doesn't matter. It's always a big thing where
local and state taxpayers have to foot at least part
of the bill for you know, a big arena or
a big stadium, you know, like Buffalo for example, that
had to come out of the local community. They had
to pitch in a lot of money for this state
(31:05):
of the art stadium. And the problem with that is,
and look, I love football, I love sports, you know me.
But you know a lot of people are like, hey,
I don't watch football, I'm not into sports. Why should
I have to pay for one of these, you know,
mega stadiums, Like why is this coming out of my pocket?
Especially considering the roads are horrible, the schools could use
(31:30):
more money, the hospitals, the infrastructure everything around us. Our
police are underfunded, our fire is underfunded. So we're going
to be spending all of these resources, our taxpayer money
for a stadium. We have other priorities. I'm just saying.
That's why it's always very controversial. There is only one
team in the NFL. I'm tempted to say professional sports hockey, Baseball, basketball, football,
(31:59):
the Big four. I'm not one thousand percent sure, so
I'm not gonna say that, Okay, but I suspect it's true.
But definitely in the NFL that I know for sure,
there's only one team in the entire National Football League
that never asked for a dime of local or state
(32:19):
taxpayer dollars taxpayer money. The New England Patriots and Jillette Stadium,
which is right near where I live, and the owner,
Bob Craft, has made a big issue out of this.
And that's why. This is what fans don't understand. I
don't want to get too sidetracked, but fans are always
complaining he's cheap, you know, Bob Craft, he should pay
(32:42):
more for his players for payroll for this, and Bob
Craft always comes back and says, whoa whooa like every
other owner in the league, I didn't get billions of
dollars in taxpayer money to help build the stadium. We
(33:03):
built Jillette Stadium out of our pocket. I mean, they
took a loan out from a bank, et cetera. But
the point is it's all private, it's all privately funded.
It's our money. So no, I'm not going to be paying,
you know, top dollar for all these athletes. Why because
I never got effectively a bailout from the taxpayers. So
(33:28):
you know, to the people of Foxboro in my area,
you didn't pay for this stadium. To the people of Massachusetts,
you didn't pay for this stadium. I paid for the stadium.
Now that's a big expense. It's a massive expense. So no,
I'm not going to shell out these crazy contracts. The
other teams do it because they can afford to do it,
(33:49):
because they got helped out by the state government or
the local government. We didn't, Okay. So my point is
you can get state of the art stadiums and Gellette's beauty.
I know it's a pat older, but it's a beauty.
I've been to Gillette many many times, even if there's
not a game. I'm telling you, come down a Patriot Place,
(34:12):
great shops, great restaurants, great family atmosphere. Just look at
the stadium. You're like like wow, it's like it's like
the modern day Roman Colisseum. It's beautiful. And that's what
That's what three billion dollars will get you. Hell, two
billion dollars will get you that. So what the hell
(34:35):
are they building over there in Washington. And that's the point.
And those are renovations. That's how much they're stealing. That's
how much they're stealing. Now, just very quick as I
want to go to the to the phone lines six one,
seven two, six, six, sixty eight sixty eight is the number.
(34:55):
Uh again, this is from six oh three and uh,
excellent point. Excellent point, Jeff. This is this, It's all
in caps. This is the same exact crap that was
going on with the Big Dig in Boston. We have
a lot of listeners from around the country so that
(35:16):
they know the Big Dig was a big project. What
was that thirty years ago where they built the tunnel
and the cost overruns were through the roof. It was
way over budget, way past time. I just it was
the opposite of on budget and on time. It went
(35:37):
on for years. The cost overruns were insane. They milked
the taxpayers dry and honestly we found out later shoddy
construction on top of it all. I mean, we were robbed,
the people of Boston, the people of Massachusetts. You want
(35:57):
to talk about a boondoggle that may have been the
mother of all boondoggles. But anyway, not sure if you
were in Boston at that time. But this is exactly
the same fraud and abuse that we saw with that
state government project. And I'm sure the audience has a
story or two to share about that boon doggle. You're
(36:20):
dead on, You're absolutely dead on. So listen now. To
one last clip and I want to go to phone lines.
Listen now to President Trump. He's with you know, Jerome
Powell is right beside him, and the reporter says, well,
you know you're really criticizing Powell NonStop. Now is there
(36:40):
anything he can do at this point to get you
to back off? Trump says, well, yeah, there's one thing.
Roll cut to b Mike. Are there things that chairman
can say to you today that would make you back
off some of the earlier criticism.
Speaker 2 (37:00):
Well, I'd love him to lower interest Rachel, rather than that.
Speaker 1 (37:03):
What can I tell you?
Speaker 3 (37:07):
Well?
Speaker 1 (37:07):
I would have said yeah, and uh, you may be
going to jail. Jerome. I hate to break it to you,
my friend, but e uh, there's a lot of money
that's been stolen here. A lot of money is missing, Jerome,
A lot of money. Six one seven two six six
sixty eight sixty eight. Okay, let me ask you, a
(37:30):
should President Trump fire Jerome Powell? B? What do you
make now? What are they building? Is this a modern
day taj Mahal? Is it worth three point one billion
dollars to renovate the Federal Reserve? Would they print all
of our money and basically drive our country into the ground.
(37:53):
Is it worth three point one billion? And do you
suspect now we are talking about massive corruption, massive overruns,
massive abuse of topspayer money on the scale of the
Big dig six one seven two, six, six sixty eight
(38:14):
sixty eight. John in Watertown, you're gonna kick us off, John,
Thanks for holding and welcome.
Speaker 4 (38:22):
It's not funny. Trump should know our financial system. He
can't fire your home power because the Federal Reserve is
not part of the federal government. O the people who
don't understand that the Federal Reserve is a private organization
and it is illegal. The Constitution says your government shall
create the money and set the value. The Federal Reserve
(38:45):
is illegal. And if Trump knew what was going on,
he could create our own money and there'd be no interests.
You could borrow money for nothing. That way, there would
be no debt. Donald Trump could cancel the debt tomorrow,
eliminate it because all that money goes to the feder
When you bought your house, chef, how much did you
have to pay for interest?
Speaker 1 (39:07):
I forget now, but it was like five and three
quarters or five and a quarter? Does that? It was
a while back. So and grace. You know, basically did
the negotiations. I was just there to sign. It was
basically just above five percent.
Speaker 4 (39:26):
The bank got the money to loan to you.
Speaker 1 (39:29):
I'm sorry, John, could you repeat that?
Speaker 3 (39:31):
Yeah?
Speaker 4 (39:32):
Where do you think the bank got the money to
loan to you?
Speaker 3 (39:35):
Oh?
Speaker 1 (39:35):
Did you're saying it came from the Fed?
Speaker 3 (39:37):
Right? Yes?
Speaker 4 (39:38):
And where did the Fed get the money?
Speaker 1 (39:41):
And you're saying it's what from other banks?
Speaker 4 (39:43):
No, they just made it up out of thin here.
That's why there's thirty seven trillion the dead. It's a
bunch of loaning. I want you to write this down.
It's very important. Get this off to Trump. I'll go
to Washington and I have to and explain the whole
financial system. But it's already been done on the computer,
free the money masters, and the author is Bill.
Speaker 3 (40:04):
Still.
Speaker 4 (40:04):
If you didn't write it down, Mike's god it that'll
explain the whole Federal reserve system. Should you be eliminated,
there'd be no debt. And if they did change your debt,
that would go to pay your taxes and actually you
would be free. There's no reason to have any debt.
And this is true one hundred.
Speaker 1 (40:20):
I mean you and I are in complete agreement. John.
I've never read Bill Still, to be honest with you,
but I'm a big supporter of Ron Paul on this,
and I think he's been a brilliant critic and really
advocate to abolish the Federal Reserve. I think these central
(40:41):
banks are dangerous, destructive, out of control, wieled way too
much power, unelected, unaccountable, and I completely agree with you
a I would audit the FED just to show the
incredible corruption, the mind boggling core option that they have
(41:01):
been involved in for god knows how many decades. So
just to the public so they could see how much
we've been robbed and pillaged by them. And then I
would abolish to FED. I would get rid of it, completely,
audit and then abolish. But I don't want to get
too side tracked. You're completely right, John, but I don't
(41:22):
want to get too sidetracked. I want to focus on
this particular scandal. But I do appreciate it, John, Thank
you very much for that call. But anyway, look, so
Powell is holding the economy hostage. See that's another thing.
How do you give so much power to one man?
And he, by the way, John is right, the Federal
(41:42):
Reserve is technically a federal entity. It's basically our central bank.
In a nutshell, it's our central bank. We just call
it the Federal Reserve, and we give it way too
much power that he can basically what hijack the economy
(42:03):
and and reque havoc on the housing market and businesses
are waiting to invest, but they're just waiting for interest
rates to come down. That one man would wield so
much power, I mean, it's ridiculous. And on top of that,
you know, seriously, what are they building the pyramids? The
(42:24):
Egyptian pyramids? Like what are you guys building over there?
And you watch when everything is said and done, it's
going to look no better than how it looked in
the past. You're gonna say, it's it's classic Washington money
right down a rat hole. You're gonna say, where did
(42:45):
the three point one billion dollars go? Like, what are
we getting for our money? Except your own? Powell is
going to be much richer, and many of the cronies
and those who are connected to the project, obviously many
of them big donors, they're going to line their pockets.
(43:07):
It's theft. What we're watching is theft. Six one seven
two six six sixty eight sixty eight agree, disagree, Arthur
in Chestnut Hill. Thanks for holding Arthur and welcome.
Speaker 3 (43:23):
Well once again, Jeff. If we had an honest media
in this country, this would have been exposed a long
time ago and never would have started. Never would have started.
And you know the contractor is that did this obviously
worked on the big dig in that train line in California.
But this is typical of anything that the government doesn't
(43:46):
construction unless Trump is involved. It's the same operating tactic
that they've always used. They start off with a low
figure to get the thing started, and then they come
up with these big overruns. And you ask where does
the money go, Well, I'll tell you where it doesn't go.
(44:06):
It doesn't go to help the veterans. Okay, today's, by
the way, is hire a veteran day. But as somebody
who is a veteran and not somebody who's lost a
limb of something or pay the ultimate price, it disgusts
me that veterans are still committing suicide at a high
rate today. They can't get appointments at the VA. Nothing's
(44:30):
really improved, and these people are stealing money and when
they steal money, that's who they steal it from. They
steal it from people that the government should be helping
instead of the people who are in government helping themselves.
This is what this country has become. Jeff Okay. And
this guy's got no shame. You can look at his
(44:52):
you can look at his expressions, the smugness that this
guy could care less about a legacy any and he
was appointed by Obama of course. And and they shouldn't
have an appointment that said, what is it ten twelve
years that they have that kind of power? And uh
and and and have an appointment that you can't do
(45:13):
anything about because we're supposed to have a government with oversight,
so things like this doesn't happen, but they want it
to happen. And he's part of the the Democrat and uh,
you know, crime family. Nothing's going to happen to him,
Nothing happens to anybody. Nobody goes to jail. You know,
(45:34):
he's part of the Obama uh Biden, the most corrupt,
traitorous people who have ever been in this in this
in this country. And they're still walking around laughing at
us and and and it disgusted me. It disgusted me
that the decent people in this country can't get any
(45:58):
anything that they're entitled too, and these people are doing
what they're doing. You know, to look at that guy,
it discussed me to look at him because he's an
arrogant sob. And look and you can see when they're
walking around there's nobody even working. It's like you watch
(46:19):
highway projects around Massachusetts. You see all this concession and
you drive by, there's nobody working. But like you said,
believe me that they're getting paid though, aren't they by
the earth?
Speaker 1 (46:31):
That is so true. Like in my neck of the woods,
the roads are closed. You got they've got orange cones everywhere,
signs construction, construction, construction. It's a real inconvenience when it
comes to traffic and you look around, you where's the construction,
who's constructing? Where are the workers? They're nowhere to be found.
(46:54):
It's incredible. And then the other thing, Arthur, and I
gotta say this, this is unique. Maybe they do in
New York or New Jersey. So I don't want to say,
you know, only Massachusetts, but let's put it this way.
It's you. It's it's close to uniquely Massachusetts they're doing
construction when they're and they're not doing construction, meaning there's
(47:15):
signs everywhere, everything's closed, and I'm sure they're all getting paid,
but they're not. You don't see anybody working. But then
they put a couple of cops on detail. That's the
part that gets me all at time. So on the
you know road closed, right there is a cop and
then way down the road is the other cop and
you could actually see them. They're outside, they're taking in
(47:37):
the sun, they got their sunglasses on, you know, maybe
a little bit with the traffic. They're like, come on
with their hands, come on, move on, move on, move on.
And I'm like, why do you need a police detail?
Like why you're not even protecting the workers. By the way,
who's going to attack the workers? But the workers aren't working,
(48:00):
The workers aren't t are So not only are the
construction workers in on it, the cops are in on it.
So they're making extra you know, time and a half,
double time over time. It's just it's a rocket from
A to Z Arthur. Am I wrong? Have you seen
the cops everywhere when they do a construction project. Not
(48:22):
only are they not working, the police are there or
or they're in their vehicles they are conditioned and just
you know, you just see the lights going on, you know,
the police lights, and they're just sitting in their cars
doing you know, doing detail over nothing. What say you, Arthur, if.
Speaker 3 (48:47):
Them five of guys are standing around the pole talking
why one guy's working and and and then there's the
cops who are sitting in the cars, you know, just
in an air condition. Uh you know is you know
and today today when things cost so much and and
(49:08):
things are so bad economically for a lot, especially in
this state. But but construction has been one of the
biggest sources of corruption and kickbacks that has ever existed
for the worst work. Every time you see a road repaid,
it's going to be repaid to but two years later,
uh it is. But you know what we do it
(49:30):
to ourselves. I mean, we we elect the people that
that that that do that, that get away with doing
this sort of thing. This is why I'm very saddened
by the biggest betrayal that I've ever seen one guy
do to another, what Donald Trump did to Elon Musk.
Elon Musk is one of the greatest people in the
(49:50):
history of this country. What he's sacrificed what he's given
to this country and what he did for Trump. And
he never said no, the one thing that's up asking
to do. And sacrificed hundreds of billions of dollars okay,
and and asked for nothing in return, and uh no, and.
Speaker 1 (50:12):
Arthur, you're in Doge. He really delivered on Doge
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