11-5-25 - 8am - Blue Economics

Episode Transcript

Speaker 1 (00:00):
I heard a critique this morning of Republican messaging on
the New York City Merrill Race and referred to it
as a boomer commie fear slop. I just want to
commend Michael Brown for articulating the most intelligent boomer commy
fear slop in the nation.

Speaker 2 (00:18):
Keep it up, Boomer Cammie fear slop, Boomer Cammie realism. Well, oh,
by the way, before before we get into this, there's
a text message twenty four oh two that you're disappointed

(00:44):
that k how is not advertising. It says what I
find sad, not sad, but sad hilarious is that the
k howse store is losing a product off its shelf
and it's happily advertising that you can go to the
KOA store to buy the pro and never informing you
what new and exciting thing is going to be on
their shelf from six to eleven, well actually six to ten,

(01:07):
because I don't do to eleven.

Speaker 3 (01:09):
Six to eleven.

Speaker 2 (01:11):
They're not advertising what's going to be uh when when
this product goes over there. They're not advertising what's going
to be over here because they don't know it will be.
You said, there's a revolving of four or five people.

Speaker 4 (01:29):
Correct.

Speaker 5 (01:29):
Yeah, you'll have your your your Caldera guy. Uh, you
also have that that Connie guy, and then some.

Speaker 3 (01:39):
Check things you don't want to mention.

Speaker 5 (01:45):
Well, I like to make fun of them, but I
don't remember her actual name at this given moment, so
I'm gonna give me one second.

Speaker 3 (01:51):
Oh oh, I don't know. That is Debra Flora. Oh
oh oh okay, oh, Debrah.

Speaker 5 (01:57):
Flora Caldera uh and Leland Conway.

Speaker 3 (02:01):
Okay.

Speaker 5 (02:02):
I think even at at one point our Brian Schustring
will be filling in as well. Yeah, okay, Jimmy oh
me cheeseburger, he'll be filling in cheg all right. It's
just a rotating cast. It's kind of think of it
as auditions. So if you really like whomever is hosting
that day, let them know.

Speaker 3 (02:23):
Let them know. Yeah.

Speaker 2 (02:25):
Yeah, and by the way, I don't I've already closed
it out.

Speaker 3 (02:30):
Uh.

Speaker 2 (02:31):
What's the text line for here?

Speaker 3 (02:36):
Nine? That's the key how text line? Yeah?

Speaker 2 (02:38):
Mine three three one zero three will follow me. So
we'll keep that because we're keeping that in the nationally
syndicated text line the same, So that will be the
text line starting Monday, it will continue three three, one
zero three keyword micro Michael. So that's why you haven't heard,
because it's a rotating thing until until somebody decides that

(03:03):
they've got the toilets fixed, they got the light bulbs fixed,
they got the shelves fixed, they got the computers fixed.
Once they get all that fixed, then they'll make a decision.
Let you know, I'll be dead or retired or both
by that time. When I think about everything I told

(03:29):
you in the last hour about the shifting demographics, who's moving,
who's going elsewhere, and who's left in the urban areas,
you think about it in Denver. I think Denver is
a good example of it, just as New York is.
When you think about you know, they try to be cool,
like you know, they want to have their Hell's Kitchen,

(03:50):
they want to have their Soho, they want to have
their little Italy, their little Chinatown. They want to have
all of that in Denver too. So you've got low dough, low,
high Highlands, you got all of those. What's that predominantly
made of it's the young professional class. Well, what does
the young professional class in Gotham really have? One of

(04:12):
the big beefs about High rents. Just like in Denver,
Gotham takes the highest share of income for housing of
any US big city, any US metropolitan area. So Mamdani's programs,
freeze rents, free buses, eviction restrictions, all of that is

(04:33):
designed to allow the urbanites without the means to remain
in the city rather than join those moving to less
costly cities or to rural areas to fulfill their dreams.
I know not everyone can work remotely, but if you

(04:54):
can work for a big multinational corporation and they've got
a location that is in a mid sized city, depending
on what your preferences are, you may go to that
mid sized city where you can buy You could buy
a house even with today's interest rates, in today's inflated

(05:15):
housing prices, you could still buy a house. Not know,
in someplace you still can, but I'm just saying that
it's more likely that you could. But not everybody can.
Not everybody can do that. So this is his program.
His socialism is designed to allow those urbanites without the

(05:37):
means to stay in the city rather than move, and
so they become concentrated, They become denser in terms of
that mentality of what they're voting for and it's a
great time for us to step back and say, let's
look at that cohort. Who is that cohort that voted
for them. It's people who are indoctrinated by government schools,

(06:05):
end up going to elitist schools, and then they go
to work for the big firms, and even though they're
making a boatload of money, they can't really afford to
live in the big Apple. They can't lived to afford
to live and got them, they can't afford to live
in New York City. And when they get the offer,
because remember they're uneducated. When they they're highly educated, but

(06:29):
they're stupid. They're not well educated. Highly educated and well
educated two different things. So the highly educated here, oh,
rent freezes free buses, they're going to restrict my evictions.

Speaker 3 (06:45):
Of course they're going to vote for him.

Speaker 2 (06:47):
Now, the leftists see this class based approach, that's their
path to power. And even as the better substitute for
the idea entity based politics that have dominated progressivism as
it has followed, this is it's not conspiratorial, it's the

(07:11):
realism of how these operatives work. You gotta remember there
are so many people behind the scenes that influence how
the Democrat Party operates. Do you think that AOC just
popped up out of nowhere, that she was just, Oh,
I'm a bartender one day and I'm a congressman.

Speaker 3 (07:33):
The next day. You think that just happens naturally.

Speaker 2 (07:37):
No, it is cultivated between Act Blue and all of
the deep seated, behind the scenes shakers and movers that
make up both parties, but in particular the Democrat Party
because they are progressives.

Speaker 3 (07:55):
Where we go wrong is all.

Speaker 2 (07:56):
Of our people behind the scenes are all fighting among themselves.
They can't decide who's on first. They all want to
be in charge. They can't operate as a team. It
drives me backcrap crazy. But on the other side, the Democrats,
it's a well oiled machine and they know precisely, Okay,
let's use identity politics. And then comes along something like

(08:21):
the George Floyd murder combined with COVID, and now let's shift.
And when they shift, they shift away from identity based
politics that dominated how they move things, say, a decade ago,
and now they see because of their own party, they

(08:41):
see all the high prices, the inflation, the unaffordability, everything,
and now they've shifted to that so high prices mean
that all of these metro cities on the coastal areas
that have left Coast and the East Coast now suffer
the lowest adjusted incomes, even as incomes in the less
cost the middle of the country remain above the national average.

(09:05):
So the thinking goes that by running on quote affordability
for this group of uneducated cohorts, Democrats can regain their
electoral footing because this is how they're going to operate
after the thrashing they got last year. Here's where Republicans

(09:27):
have got to wise up. They've got to wise up
that the Democrats have shifted and now they're going full
for It's like, as I've explained, starting with Woodrow Wilson,
progressive progressivism, whose ultimate go is communism, moves slowly but methodically,

(09:49):
inch by inch. Don't overreach, don't go too far, wait
and see what the circumstances are, Wait and see until
there are events that you can take advantage of and
take a larger step up. And they've done that. COVID
George Floyd All gave him the opportunity to take big steps.
And then I think, without realizing it, but it was

(10:11):
to their advantage. Biden comes along and they think that
Biden is the guy that can well, I'm not really
sure they thought that Biden was the guy that could
beat Trump. But I think once the Congressman from South Carolina,

(10:31):
James Clyburn, once he stepped in and Cliburn put his
full weight behind Biden, that gave Biden the push he
needed to get the nomination. So now they've got him,
and Obama is fine with that because that means he
can manipulate and use him to continue that fundamental transformation.

(10:55):
I think what they did not expect was the consequences
of their incredible outrageous spending because they've always wanted to
do that. They've always wanted to spend on big government,
the war on poverty, the war on drugs, the you know,
civil rights, everything, spend all of this money. What they

(11:16):
didn't realize was it was going to create inflation, that
was going to create the unaffordability or the affordability crisis.
Trump took advantage of that. Trump wins. Trump took advantage
of that, and the open borders he wins. He takes
advantage of all of the issues that they've pushed, and
he wins and now he starts pushing back against those

(11:39):
trying to resolve those issues. But affordability actually turned out
to be in favor of the Democrats, and that's what
allowed them to regain their footing in these races, which
ought to be a clear signal to the Republicans. Keep

(12:01):
working on immigration, keep the border secured. But it's time
for Trump to come home. He's done all these wonderful
things overseas, but he has got to for the next year.
In fact, I would say starting today, he has got
to focus as all the energy he has, he's got

(12:25):
to focus ninety percent of that or more on the
affordability crisis. Now, there are other economic pressures that are
radicalizing the hipsters. A job market that's getting tougher. Do
you look, Barely half of workers under thirties, under thirty
years of age have full time jobs, even for those
that have all the expensive advanced degrees from the hoity

(12:48):
toity schools. Their jobs are now increasingly threatened by the
rise of artificial intelligence, particularly in finance, business services, but
even some creative professions that have historically clustered in the cities.
Now cities, of course, can fight back against those trends.
By developing policies that encourage urban economic growth, something that

(13:12):
you will not find in the Democrat Socialists of America
agenda or any other leftist organization. But through reasonable taxation,
which means significantly lowering taxation, less regulation, the nurturing of
local high wage industries, everything from light manufacturing to video

(13:34):
production for example. An early generation of practically minded urbanness
could help restore order and growth. Some cities have shown
how they can come back. Rudy Giuliani, Michael Bloomberg, Bill
White Houston. He was a good example. Ed Rendell in Philadelphia,

(13:57):
Steve Goldsmith in Indianapolis. They are all examples of how
you can help your city come back by adopting, whether
you're a Democrat or Republican, the idea of lower taxes,
fewer regulations, and really letting the free market flourish. But
right now, the urban politics, at least right now, make
such a revival, I think unlikely. Brandon Johnson couldn't think

(14:21):
of his name earlier. The mayor of Chicago. He's been
in office for two years now. He was elected by
a very mom Donnie like coalition of poor minorities, public
sector employees, and all the hipster white people. So now
under Johnson's misrule, schools deteriorate, even as he pushes through

(14:45):
big raises for teachers, big raises for public employees. And
now he's got the city with an extremely high pension debt.
So even where the reformers have triumphed in the past decade,
as in San Francisco and Seattle, all the radical forces
appear to be once again ascended. Long a favored destination
for college educated migrants. For example, Seattle during the twenty

(15:07):
twenty riots shut down for weeks, spawned that mini havana
that no goes on the chad zone near its downtown.
And now Seattle suffers from stubbornly high office vacancy rates,
large numbers of empty stores. Business is flying out. Chicago
is the same thing. Now crime might be down, and

(15:27):
you're gonna hear that, oh crime.

Speaker 5 (15:29):
You know.

Speaker 2 (15:29):
I read a story yesterday about if crime is down,
but it's not back to its pre twenty twenty levels.
It's like saying, oh, inflation is down. No, the rate
of inflation has slowed down. Remember that during the Biden era.
Oh they claim that, oh, look inflation's down. No, it's
not down, it's just the rate of increase has slowed down.

Speaker 3 (15:52):
The same is true with.

Speaker 2 (15:54):
Crime in Portland. Go to Portland for a minute. It's
still really from twenty twenty. And they're the socialists, just
like in New York. Just like in Chicago, they're ascending.
They've displaced Republicans as the essential second party in that city,
and they've got all the momentum right now. And again,

(16:17):
like in Seattle, all the local Marxists seem reluctant to
police even violence prone groups like Antifa.

Speaker 3 (16:24):
It still goes on.

Speaker 2 (16:25):
It's just moved from You've got to follow someone like
Andy No to understand that Antifa is still alive and well,
still actively engaged in the criminal activity. It's just that
the cabal has moved on because two reasons. One it's
an old story, and two they don't want you to
know about it.

Speaker 3 (16:42):
Now. The New York Times.

Speaker 2 (16:45):
Has dismissed all the Trump assertions about Portland as a
crime cursed dystopia. But of course, not everybody in those
cities loves those helmeted kids in black with the mask
song who suffer from their attacks, including like the police
union in Seattle, same things taking place in Minneapolis. We

(17:10):
suffered massive disorder during the mostly peaceful.

Speaker 3 (17:14):
Summer of Love.

Speaker 2 (17:16):
Their their mayor, Jacob Frey, after eight years, has now
turned deeply unpopular and clues out to guess who his
socialist Marxist challenger, Omar Fatal who act a Somalian who
campaigns speaking Somalia, who campaigns waving a Somalian flag. I

(17:39):
haven't checked to see how it turned out, at least
as of last night, it was too close to call.
I'll check and see in a minute how it turned out.
But it's another example of how they're taking advantage of
everything that they've laid there over the past five years,
actually up for the past five decades, truthfully.

Speaker 3 (17:58):
So it's a radical.

Speaker 2 (17:59):
Realignment of sol and the Republicans had got to recognize
it unfolded and it is now free markets versus communist Hey,
let's go to Joshua with the retirement planning here in
the Rockies. Josh how are you doing?

Speaker 4 (18:13):
I'm doing real well, Michael, how about yourself?

Speaker 3 (18:16):
Good?

Speaker 2 (18:16):
So I have a very simple question today. So when
someone takes my advice and calls you guys, and what
kind of experience can they expect working with you?

Speaker 4 (18:27):
That's a great question. Michael, one that comes up constantly,
one that quite honestly hinders folks from even picking up
the phone or checking out the website. But the journey
with us really starts with a question, what would your
life look like if money wasn't your biggest concern? And
that's what we really help people uncover. And you talk

(18:48):
about it all the time, but we guide our clients
through our proprietary process, which is the Summit Retirement Guide,
and that Summit Retirement Guide focuses on five key areas
we call the five Peaks, which are income, investments, taxes,
health care, and legacy. Now, most people, Michael, they come
to us feeling really overwhelmed, really uncertain, are often afraid

(19:11):
to spend what they've saved. And Michael, that's whether they
have half a million dollars or five million dollars, it's
all the same. And but what they leave with is clarity, confidence,
and ultimately a plan.

Speaker 3 (19:26):
And you do that in a completely non judgmental manner.

Speaker 4 (19:31):
Without question. I mean, I would venture to say seventy
five to eighty percent of folks that come into us
they don't have a clear plan. Most of them are
worried about outliving their money. They're oftentimes and I would
say even higher percentage overexposed to market risk. And they're
not alone in those feelings. And so from the first

(19:51):
meeting on, they'll get a sense that this is really
a different process that we take them through. It's not
a transaction, it's a relationship. And we don't start with
products at all. Heck, we don't even talk about until
they become clients. We start with their why. That's what's
important to us.

Speaker 2 (20:10):
So for the people that are concerned about you know,
you're going to be judgmental, or you're going to be
embarrassed or anything else. No, you accept them as they
are because you're there to get them to the point
where they tell you they would like to.

Speaker 4 (20:24):
Be absolutely and Michael. After that, the whole process transpires
and they become clients and they're working with us, they'll
have a plan, which is what most folks desire. We'll
take them through what we call our peak to peak
retirement experience. This is the ongoing relationship and partnership. We're

(20:45):
always in their corner through every single life change, through
every market swing, because there will be plenty of those,
and you know, we're seeing it right before our eyes,
all the tax law changes. We're going to be there
for that too. Retirements not a one time event, Michael.
It is an absolute journey for the folks.

Speaker 2 (21:04):
And I think you're right describing his relationship as that's
what it is. So that's why I would encourage all
of you that if you have those concerns, like everybody does,
then Josh and his team that's the place to call
because it's non judgmental. It is here's where you are,
here's where you'd like to be, and we're gonna try
to get you there. So pick up the phone, give
them a call, and you tell them that Michael Brown

(21:26):
sent you ninety seven zero six six three thirty two eleven.
Nine seven zero six six three thirty two eleven or
don't even be afraid to go check the website. Just
go do that if you can. Rpcenter dot com. Back
to this.

Speaker 3 (21:40):
Radical realignment that I've talked about is taking place.

Speaker 2 (21:43):
I just during the break was looking at the drug
Report and there's a headline.

Speaker 3 (21:49):
This comes to us from.

Speaker 2 (21:51):
I don't know, it's some outfit called MPa Mag mpamag
dot com. The Mamdani Effect. Now this is from a
couple of days ago, so it was. This is from
November three, so this is raw. This is Monday. It
says the Mamdani Effect New York City's millionaire's flee as
socialist surge spark suburban bidding wars. And you go through

(22:14):
the story and you come here. Across Westchester County, Northern
New Jersey, Fairfield County, Connecticut, agents report that affluent city
dwellers are acting fast, locking in properties before potential policy
changes take effect. They're already planning to move out. What
does that mean that I was gonna sit Yeah, I

(22:37):
was gonna use the term exacerbates, but that's not the
right term to use. It strengthens the Mamdani effect because
that means that that base of those highly but not
well educated hipsters, white young women, white young men all

(23:00):
now get clustered even further. And because they're not educated
well in economics or a constitutional republic, they glom onto
the free stuff. They see the McDonald's handing out the
free Hamburgers, and they vote for that. It's like, you know,
this is true, like some stupid student council election where
that you know, we're gonna have pizza every Friday. I'm

(23:22):
gonna I'm gonna go to the school board and I'm
gonna get pizza, free pizza every Friday, and we're gonna
limit homework, you know. Blah blah blah blah. Well, yeah,
of course they go vote for that guy. Of course
they do. That. Radical realignment is occurring in all of
these cities, including right here in Denver. Now Trump deserves

(23:44):
some blame for the socialist tide because he may well
have saved, for example, the career of LA Mayor Karen Bass,
who impressed very few during last year's fires and continues
to disappoint as.

Speaker 3 (23:59):
They don't rebuild at all.

Speaker 2 (24:04):
Its economy is largely just flat losing companies at a
rapid clip. But her attack on the ICE agents helped
her galvanize all the progressive support. Now, I don't know
what Trump's answer to that is, because that's what we ask.

Speaker 3 (24:24):
Trump to do.

Speaker 2 (24:26):
What we have to do is to make certain that
when ICE does the raids, when they do the deportations,
that they do them the right way. And I know
there's an internal fight going on between DHS and the
White House about how to do that. I understand that
mesotypical inside the beltwave fight that goes on. I still
want the deportations to occur, but we don't have to

(24:50):
be you know, like take the stupid ads off television.
Do that, And that's part of Trump coming back home.
I want Trump to come home. And by that I mean, Okay,
I don't know what's going to happen in Gaza, but
you got it, Salt. You have a ceasefire, a very

(25:10):
timid ceasefire right now, but you at least have a ceasefire.
Quit talking about all the wars that you've settled. We
got it, we understand it. You've met with Sijen Ping,
we got it. Ukraine is still in the back burner
and Ukraine's going to remain on the back burner for
a while because we're getting into the winter season and
neither side's going to be able to make much advance

(25:31):
in terms of boots on the ground. Now, the Ukrainians
might be able to make some advances because of advanced
drones in advanced missiles. They may be able to make
some advancement there, but that's going to be kind of
stuck in the mud, literally stuck in the mud during
the winter. So use this time to come home and
address these domestic issues because these domestic issues again, most

(25:55):
importantly affordability. Now, well, I may be critical of Trump
not addressing them, I do believe that he has addressed them.
So let me explain the nuance. Oil production is up.
We've got deals with Argentina, we've got well, we don't

(26:16):
have a deal yet with Venezuela, but we may have
some deal with Venezuela pretty soon. We've told the European
Union you got to quit buying Russian oil. That is
going to start lowering the price of oil as production
increases and we're able to sell it on our oil
on the international market as energy prices decline. That's going

(26:38):
to eventually lower the costs of other things. If it doesn't,
he needs to step in and have those same really
harsh talks with manufacturers with distributors about holding down prices
because affordability, marked my words, is going to be the
next thing. And that includes pounding on Jerome Powell in

(27:01):
the Federal Reserve. Okay, so they drop twenty five basis points.
But in a rambling, if you go back and you
listen to Jerome Powell's press conference after he made the announcement,
it doesn't make any sense whatsoever. Yeah, he talks about employment,
which is one of their vanguards that they have to
look at.

Speaker 3 (27:20):
But so is inflation.

Speaker 2 (27:22):
And while inflation is down, it's gone back from two percent,
it's creep back up to about three percent. But the
problem with that is Powell looks at that and he
fears we're gonna get back to five, six or seven percent.
I don't think so cut rates again. Cut rates again,
and let's bring costs down again. Let's get the housing

(27:43):
market moving a little bit. Come on lower taxes. You've
gotta start pushing domestic policies to make things more affordable.
This is the lasting effect of the Biden inflation. And
it's not done because you got elected. You close the border,
you're doing the deportations, You've you've got the big beautiful

(28:06):
bill through which is going to help you to come
next tax season. But that's not enough. We've got to
do more. Lower taxes even further start. You know, if
you're lower taxes on tips, you're gonna do that temporarily,
find something else the lower taxes on, and do it
now while you've got Republicans in charge and before the midterms.

(28:27):
Hit affordability. I GUARANDAMN to you will be the number
one issue in the midterm elections. And right now we're
not in front of that issue. Right now, we're actually
ignoring that issue. I know, tariffs, trying to get things
into the country cheaper, blah. I get all of that.
That what he's trying to do. But come home and

(28:49):
address it directly. Come home and explain as best Trump
can do. Come home and explain what your policies mean
for the average middle class America, because that's where the
affordability crisis resides. Hey, Mike, it's real rich of the
Democrats to complain and about affordability and keep bringing up affordability.

Speaker 3 (29:13):
That's their new buzzword.

Speaker 4 (29:14):
After sleepy inflation.

Speaker 3 (29:17):
Joe changed all the baselines. Everything's more expensive. Even though
inflation is down. All the baselines of how much everything
costs is different now thanks to the Democrats. Yes, you're
correct to wish.

Speaker 2 (29:38):
My response is and and what now we have to
address that. We understand the cause. The cause is obvious.
I mean, I think in their little quiet, smoke filled
cigar rooms or whatever they're doing back in the world,

(30:00):
those little tiny rooms in DC, they know what the
cause is. You and I know what the cause is
now we have to come up with how do we
now reverse that, and whether it's a buzzword or not. Again,
living in the real world, that's what people are upset

(30:22):
about is affordability. And granted we had probably unreasonable expectations
because I'm in front of me. I didn't plan to
start it yet, but I'm in front of me. A
list of things that Trump has done to start delivering

(30:43):
immediate cost relief on that so called basket of goods
that is used to measure the consumer price index. Deregulation,
increasing the housing supply, targeted actions on healthcare, food, energy,
and while some of those measures and have short term impacts,
most of the levers for changing overall CPI quickly are

(31:06):
actually limited in what they can do. But there are
very specific things that over time can start bringing down prices.
Not only do you have to do those things, but
you have to lead about those things. You can just announce,

(31:28):
for example, that the EPA has launched a major deregulatory
action and we're rolling back multiple Biden and Obama era
regulations that affect power plants, building gas industry limits, mercury
and air toxins standards for those greenhouse gas reporting wastewater rules.
You know, they start rolling back regulations on all of those. Well,

(31:51):
those rollbacks are all intended to reduce fuel and electric
costs for consumers because it decreases the compliance costs that
are put on the energy producers. But that doesn't mean
that your luxury bills is going to go down tomorrow.
It means that as it as those regulations got implemented,

(32:11):
starting back five years ago or even longer for some
of them, those costs are now embedded. And if you
relax those requirements so that they can start as a
you know, revamp, refurbished, rebuild, whatever, their power plants, their
wastewater plants, whatever, those costs only go down. They don't

(32:33):
just drop off the cliff. They start to slowly go down,
slowly making things more affordable. I know we're an on
demand nation. We expect immediate results. We're not going to
get immediate results, which is why you have to lead.
You have to make sure that every single day that
your messaging is on point. Here's what we're doing, here's

(32:56):
what it's going to lead to. Here's why. Ultimately it
will take some time to do this, but we've started
that path.

Speaker 3 (33:02):
Keep us in control. Keep us in power.

Speaker 2 (33:07):
So that you know, one, two, three, four years from now,
instead of it going up where it would go up.
In fact, do it. Compare and contrast without these, here's
where your electric prices are going without these, Here's where
your housing prices are going. With these, here's where your
housing prices are going. Show the upward trend with no change,
Show the downward trend with the trains change, and.

Speaker 3 (33:29):
Then pound pound pound that home.

Speaker 2 (33:31):
And he's got a good cabinet to do that. He's
got a really good cabinet to do that, and he
can do it himself. I think he's shown the discipline
in this second term that he can do that.

Speaker 3 (33:46):
Huh. Which brings me to the final point.

Speaker 2 (33:52):
This election ought to be a wake up call, and
now I know you're gonna hear one hundred people say that,
but okay, wake up to what and do what