Episode Transcript
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Speaker 1 (00:04):
Facts, integrity, and trust.
Speaker 2 (00:08):
This is the Brian Musha. Maybe maybe he's smart.
Speaker 1 (00:15):
You're a smarter guy than I even thought. And I
know you're smart.
Speaker 2 (00:18):
That was our White House correspondent John Decker last week
where President Trump was was referring to him as smart.
But maybe he's a lunatic.
Speaker 1 (00:28):
Why didn't you invoke this We've been winning all the
law at your see. I just want to ask you,
why didn't you invoke this law in your first term?
You could have taken in billions upon billions of dollars
in your first term, but he waited until your second.
Speaker 2 (00:40):
Year because in my first term I was finding lunatics
like you who were trying to do things incorrectly and
inappropriately to a president that was duly elected. Yeah, so
he might be smart, he might be a lunatic. Maybe
you know what, you could be a smart lunatic. Our
White House correspondent, John, So, what's your analysis of the situation? John?
Speaker 1 (01:05):
You mean the situation in terms of how the president
views me or the situation? President?
Speaker 2 (01:10):
Yeah? Are you smart? Are you a lunatic? Are you
a smart lunatic?
Speaker 1 (01:14):
Oh? Oh, I see, I look, I've got questions to
the president. They're fair questions regardless of whether he likes
them or not. You know, I'm going to continue to
ask questions of the president, and that's the job that
I have. It's the job that I've done for thirty years.
I appreciate the compliment. I don't take it personally with
the comment that he made yesterday. It's all good, and
(01:36):
I'll ask some good questions to the President the next
time I have an.
Speaker 2 (01:39):
Opportunity, and I have a feeling that he'll he'll respond
in kind as well. It is interesting. I do feel
like some of it's done for effect. So John walk
us through. I mean, obviously you have had a lot
of questions in front of the president, a lot of
time in front of him. We have Liberation Day two
point zero. You might call it today. What's doing well?
Speaker 1 (02:00):
It is Liberation Day two point zero. It doesn't have
the same field because there was a lot of fans
there with that big announcement in the Rose Garden back
on April the second, and here we are four months
later and the President announcing tariffs for everyone of America's
trading partners, some of our major trading partners. They have
a tariff right now of fifteen percent. The EU has
(02:21):
fifteen percent, Japan South Korea, they two each has fifteen percent,
but some higher rates for our neighbors Mexico and Canada. So,
you know, the President viewing this as an opportunity to
take in a significant amount of revenue and to our treasury.
You may recall last week I suggested the idea to
(02:42):
the President, why don't you take some of that money
and provide rebate checks to the American public. He obviously
liked that idea, and now Josh Howley, Republican senator from
Missouri has introduced a bill along those same lines from
the idea that I proposed to the President just last week.
Speaker 2 (02:58):
Yeah, no, that was an interesten development for sure, although
the President did say he wants to take a look
at a debt reduction as well, so maybe it'll be
you know, some of both that ends up coming down.
You compared this to the First Liberation Day obviously a
much smaller type of impact. I was taking a look
(03:19):
at what appears to be in the neighborhood of thirty
eight percent of our trade partners that are really impacted
by higher rates today.
Speaker 1 (03:28):
Well, yeah, that's right, and still no firm deal as
it relates to a major partner, that's China. That's still
a work in progress, although America still is taking in
tariff revenue from China, but not a final deal that's
been completed yet, and still no final deal as it
relates to Mexico. The President has essentially given ninety days
(03:49):
to complete that deal with Mexico and Mexico's President Claudia Scheinbaum,
who the President he says a lot of respect for.
That may not be the case for his counterpart from Canada, however,
he is really angered by Canada for taking the same
step that French President Macron appears to be taking as
(04:11):
well as UK Prime Minister here Starmer, and that is
they intend to acknowledge a Palestinian state just ahead of
the UN General Assembly, which takes place in New York
City the third week in September.
Speaker 2 (04:24):
Also no surprise that the FED did not move on
interest rates that they're meeting this week. President Trump none
too happy about it, but also not making another move
on the Federal Reserve chairman yet. Have you heard anything
else any other developments about that?
Speaker 1 (04:38):
Well, the President seems resigned to the fact that this
is the FED chairman that he's stuck with until his
term runs out in nine months. His term runs out
in May of next year, and the President already has
some candidates in mind in terms of who will replace
Jerome Powell. But I don't think the President was surprised
by the decision to leave interest rates unshamed changed when
(05:00):
the FED delivered their decision earlier this week. At the
same time, the President obviously is hoping that at their
next meeting in September there is a rate cut. And
two FED members dissented from this decision. That was unusual.
That hasn't happened since nineteen ninety three. So a little
bit of dissension right now among those FED members that
(05:25):
vote on whether to raise or lower interest rates or
keep them unchanged.
Speaker 2 (05:29):
I was thinking about it, and you know, like Smart
Lunatics would make a good band name.
Speaker 1 (05:35):
Yeah, that's pretty good. I like that. I don't play
an instrument, however, that's the only problem.
Speaker 2 (05:40):
Yeah, we're going to work on that. You do a
lot of but you do everything else though, you do
everything our Smart and White House correspondent John Decker, appreciate it.
Speaker 1 (05:48):
John, thanks a lot. I really appreciate it. Brian, have
a great week. Animal Pop since but