Episode Transcript
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Speaker 1 (00:00):
I just I'd like to let you know, Michael, that
Larry O'Connor out of DC mentioned Colorado's gender bill that
maybe becoming law in Colorado soon should successfully pass and
parents won't be able to stop their children from transitioning
to the gender they feel that they really are in
(00:23):
their minds definitely dangerous times.
Speaker 2 (00:31):
Not only are they dangerous times, but they are It's
just freaking unbelievable to me. I want to go to
the national debt, which I know is a thrilling, thrilling
subject for you. But before we do this, let's talk
about Colorado for just a moment, since he left to
talk back. Right now, we have on Jared Polus's desk
(00:56):
the tax on guns, and Ammo, you've got the bill
that's going to I think, drive gun stores out of business,
that will make it virtually impossible for anybody unless you've
got a lot of extra money laying around, to actually
(01:17):
ever be able to purchase a gun. That will create
a gun registry that will virtually eliminate all semi automatic
weapons from purchase in the state. And that's sitting on
Polus's desk. Both of those bills, both of which I
think will be subject to almost immediate lawsuits on Sunday.
(01:41):
On Sunday, on Sabbath, the Colorado legislature of the Politbureau
passed the taxpayer funded abortion bill. And I think that bill,
I think the passage Sunday is has both houses, so
(02:01):
that will land on Polus's desk this morning, if it
didn't land on this desk last night. And then you've
got the transgender bill that's on the way to his desk.
They're doing all of that. They're focused on all that
bull crap while we face a one point five billion
(02:22):
dollar deficit in this state, and they what do you
think we ought to do? Say, am, I'm not quite sure.
Maybe you'll sit and do this or do that. I
swear these people are idiots. And Colorado is I think
now on par and in some cases worse than California,
(02:46):
New York and Illinois. And and Jared Poulis sits at home,
you know, talking posting crap on Facebook about something with
some some sort of animal rights day yesterday or someday
over the weekend. And I'm sure that you know, did
he write it or did his husband Marlon write it.
(03:06):
I don't know who wrote it, but that's their priorities
are so eft up. It's unbelievable. Those gun bills are
going to do nothing, I mean, zero, zilch, nada to
reduce crime in Colorado. Meanwhile, in Denver, they decided that, oh,
(03:29):
maybe we ought to put more cops downtown Denver. The
other thing that they're doing in Denver, which I find
is freaking hilarious, is you know, the sixteenth Street mall,
which is not really a mall at all. It's sixteenth
Street is undergoing this construction which is driving businesses out
(03:50):
of downtown. Along with the crime and the homelessness and
the drugs and everything else, is turning downtown Denver into
a crap hole city. Well, Denver is a crap hole city,
and which which reminds me make Michael make a midtal note,
talk about what you were thinking about driving back from
dinner on Saturday night. The Denver the Downtown Denver Partnership
(04:18):
spend one hundred thousand dollars. Now that doesn't count the
money that the city and County of Denver spent trying
to figure out, Hey, how can we people hear about
the sixteenth Street mall? And if you live here, you
know it's kind of bad. It's hard to get around
(04:39):
because of all the ongoing construction that's you know, over budget,
behind schedule everything else. So we need to come up
with a way to market it better. Yeah, don't solve
the problem, just figure out how to market it better.
So the Downtown Denver Partnership, which which is money that
they get, they probably got some grants which means TICH
(05:00):
spare money, and they probably took some money out from
businesses from the contributions. So businesses gave up some of
their profits and they spend one hundred thousand dollars I'm
not sure what the City and County of Denver spent.
And they hired a company out of London that's supposedly
the world's best company in the world to rebrand things.
(05:25):
So they want to rebrand the sixteenth Street Mall. They
don't want to fix the problems. They don't want to
hurry up and finish construction. They don't want to, you know,
drive out the crime, drive out the homelessness, drive out
the drug addicts, drive out the illegal aliens. They don't
want to do any of that. They want to rebrand it.
Speaker 3 (05:47):
They want to.
Speaker 2 (05:47):
Rebrand the sixteenth Street mall dragon. Do you have any
idea what they came up with?
Speaker 4 (05:52):
I do because Alexis sent us a talk back earlier
this morning, so I know what they came up with.
Speaker 2 (05:57):
Oh, she did. I haven't seen that one yet.
Speaker 1 (05:58):
She did.
Speaker 2 (05:58):
Yeah, this was one of my Michael Brown minutes from
last week that I never got to. Sixteenth Street?
Speaker 3 (06:07):
Yeah? What did they rename it to?
Speaker 2 (06:09):
Sixteenth Street?
Speaker 4 (06:10):
I know we're talking about the sixteenth Street, but what
did they rename it to?
Speaker 3 (06:13):
Michael?
Speaker 2 (06:14):
Sixteenth Street?
Speaker 4 (06:15):
Who's on first Michael?
Speaker 2 (06:16):
What sixteenth Street?
Speaker 3 (06:18):
The sixteenth Street?
Speaker 2 (06:19):
They renamed it to sixteenth Street.
Speaker 4 (06:20):
Yes, I'm referring to the sixteenth Wait a minute.
Speaker 2 (06:29):
I would have done that for fifty thousand dollars Hill's Bells,
just because I'd like to help. I had done it
for nothing. I could have done it for nothing.
Speaker 4 (06:42):
Just so I'm clear, we're not making fun right now.
They changed sixteenth Street's name too, sixteenth Street, yes.
Speaker 2 (06:54):
Okay, four hundred thousand dollars. By the way, well, I
just want to make sure you understand that. Can you
imagine the people I don't know whether they have offices
in this country or not, but let's just pretend they're
sitting somewhere in downtown London. Hey, guys, we got a
check for one hundred grand from the Denver Business Partnership.
They want to rename the sixteenth Street mall. What do
(07:15):
you think we ought to call it? Hey, Louie, you
have any ideas, Lady Louis, what do you think if
I could do a British accident, I'd say sixteenth Street. Okay,
thanks to.
Speaker 4 (07:29):
This, it feels like it's going to be when we
become up my new bugaboos. Yeah, it's almost like spending
fifteen million dollars to figure out if we need to
expand Pennia or not.
Speaker 2 (07:43):
So here's what I was doing Saturday.
Speaker 4 (07:45):
They spend one hundred thousand dollars. Hey, let's let's do it.
Let's spend fifteen million dollars. Hey should we widen Penya
or not?
Speaker 2 (07:57):
Or maybe we should? Or maybe we should make the
A line train actually work? Now we could do that.
Speaker 3 (08:05):
That's just I know, silly me.
Speaker 2 (08:09):
So I'm driving back, so we have dinner up north,
So we're driving down the twenty five and it's still
light out, you know, because it doesn't get dark till
late now now, and you know, So we're driving back
and I have I think it's some of the cities
that I've been in around the world. I've think it's
(08:30):
some of the cities that I've been in in this country. Now,
I know that we have in Denver, we have nasty weather,
but can we not? And I know that I'm OCD
to some degree. And I know that I live in
(08:54):
a house with a spouse that keeps the house pretty
much on the same standard as an operating room, so
we can pretty much eat off the floor in the
bathroom wherever we want to because it's sick and span.
And I'm driving through Denver and we're coming down twenty
(09:16):
five up near O seventieth and fiftith you know about
where the express lanes start and where you can start
to kind of see the skyline. And I'm looking at
the skyline and I'm thinking about how pretty the skyline
is now From that vantage point, you don't really see
(09:39):
the mountains when you're looking due south. It's even hard
to see Pike Speak because of the alignment of the buildings.
But I'm thinking to myself, over the thirty plus years,
that skyline has really changed, and it really is, you know,
in terms of urban area skylines, it's a nice skyline.
(10:00):
But then I start thinking about what's down there, and
then I start thinking about the crime. I start thinking
about the condition of the roads, bridges, and the highways.
I start thinking about all the stupid bike paths and
the bike lanes. I start thinking about how they've taken streets,
and they have They've literally destroyed streets, and it's difficult
(10:22):
to get around. I start thinking about how the restaurants.
There was an article in Westward over the weekend about
in Rhino. You know, that's a really cool, hipster place
that many of these restaurants are starting to close because
they just can't. They can't afford the regulations, they can't
afford the business fees, they can't afford the taxes, and
(10:42):
so all all of this place, all these places where
all these people move want need to be hipsters and cool,
and you know, live in a vibrant downtown area, are
now living in a ghetto. They're living in a ghetto.
And so I'm thinking about that as I'm driving south,
and I'm looking and then I start looking around me,
and I'm thinking, you know, if if I were the
(11:03):
if I were the mayor, of the governor. I would
I would say I would get together all. For example,
we're trying to figure out how to you know, the
legislature's trying to figure out how to fill a one
point five billion dollar budget gap. Well, why do we
keep asking the legislature, why do we keep asking the
(11:25):
a holes at the POLP Bureau? Where's the governor? Why
doesn't the governor get every department head together and say, listen,
the guy's downstairs. I really have a hard time trying
to come up with one point five billion dollars. And
what they want to do is they want to take
they want to get rid of the taxpayer bill or
(11:46):
rights so they can take more money out of the
pockets of people. Now, people, don't people look look around
you as if Jared Polis was downtown, he's hiding up
in Bowler with the sun. Damn's beautiful peace. So but
but imagine if Polist was actually in his office and
he and he had his staff, and he had all
(12:06):
the department heads together, and he said, why don't we
help the people downstairs, Why don't we help them come
up with that one point five billion dollars. I want
everybody in this room to go back to their offices,
and I want you to figure out a way to
cut your budgets by at a minimum five percent and
ten percent if you can. We'll come up with that
one point five billion dollars and then I'll give it
(12:28):
to the legislature and they and we can all look
like heroes. And by the way, while I've got you here,
I want to know something. So first of all, see
dot let me talk to you. How often do we
clean the highways? I mean, how often do we clean
the medians? How often do we send street sweepers out
to go out? And you know, and and you know,
(12:49):
like Martin Luther King be the best sweet street sweeper
in the world. Why don't we clean up these streets
and highways? Why aren't we repaving? Why aren't we filling
the potholes? I want I want to see a mass
planned to do that. And by the way, seat while
you're at it, I know we can still have snow
in April, and I know it can still get dirty.
But the signs, the overhead signs, are they it looks
(13:12):
like you know what looks like It looks like New
York City, it looks like Midtown Manhattan. It looks like
you're going across the triborough Bridge. In fact, I would
say the last time I was across the triborough Bridge
or the Arizontal Bridge or the Brooklyn Bridge, all of
the signage was a lot cleaner and a lot nicer
than it is in Denver. And Denver's a relatively new
(13:33):
place compared to New York City or Chicago. I'm going
back to Chicago and what not next to you sometimes.
I'm going to Chicago pretty soon, and one of the
things I'll be doing is I'll be observing, like, cause
i gotta go downtown. What's downtown? Like, I'll be at
the University of Chicago. So I'll be looking around, like, like,
how does it compare to Denver? We are a crap
(13:54):
hole and we look like a crap hole city. So
why isn't there a regular maintenance schedule? And I'm sure
there is some sort of maintenance schedule, but it's not
good enough. You look at the trash, the tires, the
(14:17):
the fenders from all of the wrecks, you look at
the needles, and just I mean, what is it? You know,
we live in a state where if you're going into
the wilderness, pack in and pack out. You know, leave
leave it, leave no trace behind. But you drive around Denver,
we look like s h I T. That's exactly what
(14:41):
we look like. We look what it looks horrible? And
where's the governor? Where're the mayor? Why aren't they telling
their staff? Look, I want to see a plan. I
want those signs cleaning the You know what, you can
go out at night, you can, you can powerwatch those
signs and clean them up. We can make the city
look vibrant and clean. We can and clean the streets.
(15:03):
And by the way, let's get the Department of Public
Safety in here too, and let's get the Colorado By
the way, I want to say to every police department,
the Colorado State Patrol, the Douglas County Sheriff's Office, the
Rappahole County Sheriff's Office, the Parker Police Department. Who else
have I seen this weekend? Quit posting on Facebook instead,
(15:25):
get out and do your effing job.
Speaker 3 (15:27):
You know what it.
Speaker 2 (15:29):
We know what your job is. We don't need you
to brag about. Oh look I stopped somebody speeding. Oh look,
we were able to box in a drunk driver. Oh look,
we were able to arrest somebody for doing something. We
were able to arrest a burglar. We don't care. That's
what you're supposed to do. Don't sit there and pat
yourselves on the back. Get out there and get off
(15:50):
your ass and go do the job. Oh my god,
it's just infuriating. And then to drive around, just you know,
do me a favor. When you're driving around, look pay attention.
I know you're busy trying to dodge the potholes. I
totally understand that because I do the same thing every morning.
(16:13):
I do it at five o'clock in the morning. So
but start looking and just realize how filthy and dirty
this place is. It's disgusting, absolutely disgusting. So instead of
worried about that, we're worried about, Oh, we want to
(16:34):
make sure that taxpayers pay for abortions. We want to
make sure that transgender kids or whatever the hell we're
going to call them, that they can't tell their parents
and the schools have complete control over it. And we're
gonna make it a crime and a felony if you
ever do anything like misgender or what was it, dead
name somebody, whatever that new term is that I learned
last week. We're all focused on that. We're all focused on, guys,
(16:54):
We're all focused on all the wrong things in this state.
You want to know, you know, I don't read Westward. Well,
actually I read Westward just about as much as I
always did because it's great fodder. What Patty publishes in
that paper is a lot of good fodder for my
Michael Brown minutes over on Freedom, Well, when you start
(17:15):
reading about like restaurant closings, holy crap. They talk about
Denver's vibrant restaurant. Then it's because for every two that opened,
one closes, and then those two end up closing, and
so it's just back and forth all the time. Clean
this city up, good grief, National debts there. Good morning,
(17:42):
Michael and Dragon.
Speaker 5 (17:43):
Hey, as someone who has an office on Sixteenth Street,
I don't work there, but that's where my office is.
I can tell you that they spend all of their time, money, resources,
powerwashing all of the vomit, blood, and feces from the
sidewalk about every day, and all that does is put
it into the air.
Speaker 2 (18:04):
Aris hals it.
Speaker 5 (18:05):
They don't watch the signs, so they could do it
if they wanted to.
Speaker 3 (18:08):
Have a good day.
Speaker 2 (18:12):
And I'm curious do Are those city workers doing that
or are those the property management companies that are doing it?
I'd be curious which is which. Send me a text
let me know. I assume if it's on the street
where the buses, the trolleys, whatever it's see, it's been
so long since I've been down there. Do they still
even have the little trolleys the trains?
Speaker 3 (18:35):
I don't know.
Speaker 4 (18:36):
I bet I haven't been there as often as you have,
so I but I do recall that caldera while not
on sixth Streen he would have to clean up his
own not his own, but his own area the feces there.
Speaker 2 (18:50):
Oh yeah, which he did.
Speaker 4 (18:51):
Drop on, you know, Polst's doorstep, Yes, which I thought
was hilarious.
Speaker 6 (18:57):
Uh.
Speaker 2 (18:58):
Before I get Scott, before I get to the now
national debt, let's go to the Sunday news shows first.
Let's let let's let me let me.
Speaker 6 (19:05):
Reverse this and joining me now is Treasury.
Speaker 2 (19:08):
Well, sorry about that. This is Scott descent on Meet
the Press, Kristin Walker. So so you know it's going
to be fun.
Speaker 6 (19:18):
Right here we go, Secretary Scott Besson, Secretary Besson, welcome
back to meet the press.
Speaker 3 (19:23):
Goods.
Speaker 6 (19:24):
It's great to have you back after a very big week.
Let's start with the market reaction to President Trump's announcement
of his tariffs. As I just laid out, Now.
Speaker 2 (19:36):
How do we know, for example, that the market reaction
is to the tariff announcement. Just because they coincide doesn't
mean that one's related to the other. Again, I go
back to my argument that the profiteers, the day to
day traders, the active traders, knew that at some poin
(20:00):
point something would come along there would be a time
when they would have to sell off in order to
secure their profits. So they were always looking for a
reason to do so. It doesn't mean that it depends
on your definition of cause and effect or is there
just a correlation. Oh, you're getting ready to do these tariffs,
(20:23):
so I think I'll sell real quickly because I don't
know what's going to happen next.
Speaker 6 (20:28):
At the top of the program, the market's lost more
than six trillion dollars in value. Was this disrupt always
part of the plan, mister secretary?
Speaker 7 (20:38):
Look, the Chris markets are organic, the animals, and you
never know what the reaction is.
Speaker 3 (20:45):
Going to be. One thing that I can tell.
Speaker 7 (20:47):
You is the Treasury Secretary, what I've been very impressed
with is the market infrastructure that we had record volume
on Friday and everything is working very smoothly. So the
American people it can be very pick great comfort in that.
And in terms of the market reaction, Look, we get
(21:08):
these short term market reactions from time to time. The
market consistently the under estimates Donald Trump. I remember that
in two thousand and sixteen, the night President Trump won
the market crash, market krash, and it turned out he
was going to be the most pro business president in
(21:29):
over a century, maybe in the history of the country.
And we went on to very high after inflation returns
for the next four years.
Speaker 6 (21:38):
Well, but this was the biggest two day crash since
the pandemic. The President on Saturday urging people quote to
hang tough thing.
Speaker 3 (21:47):
It won't be easy.
Speaker 6 (21:48):
And I guess the big question on people's minds, mister Secretary,
how difficult is it going to be and how long
are Americans going to have to hang tough?
Speaker 7 (21:57):
Well, again, I reject that the assumption there doesn't have
to be a recession. Who knows how the market is
going to react in a day, in a week. What
we are looking at is building the long term economic
fundamentals for prosperity that I think the previous administration had
(22:19):
put us on a course toward financial calamity.
Speaker 2 (22:22):
Bingo, absolutely correct. So again for the question of the day,
what's your alternity? Because I would assume, which I know
is dangerous to do, but I would assume that if
you're for the status quo, you just want to keep
(22:43):
doing what we've been doing for the past four or
five decades. Can you really don't care. Either you've got
terminal cancer and you're going to die any minute and
you don't care, or you're a useful idiot and you
don't care, or you just like to live on the
wild side, and you actually want to live through an
(23:03):
economic collapse, just so you know you can tell your grandchildren,
assuming you survive it, that you can tell your grandchildren. Yeah,
you know what dad did during an economic collapse? Yeah,
I ran and hid in New Mexico and I fished
for trout in order to eat and survive. And well
I lived off the food and stuff that was hidden there,
ammo and stuff. But I yeah, we lived in economic collapse. Yeah,
(23:27):
your grandmother and I made it through it all right,
but it wasn't fun. Wasn't easy, and you know, we
had to listen to shortwave radio to get any news
because you know, it was it was a it was
a book of Levi kind of apocalyptic scene. Some people
actually want to do that. I really don't.
Speaker 6 (23:48):
But it's just in terms of the uncertainty, I think
that people are feeling and seeing and President Trump saying
he wants people to hang up acknowledging there's going to
be what he has described as a short period of pain.
Can you help provide some clarity for folks? How long
will this period of uncertainty be? Are we talking about weeks?
Are we talking about months? Are we talking about years?
Speaker 2 (24:10):
Can you can you look in your crystal ball and
just tell us what's the you know, what's what's the
market going to do? What's the economy going to do?
What a stupid question.
Speaker 7 (24:22):
Again, this is an adjustment process. What we saw with
President Reagan when he brought down the Great Inflation and
we got past the Carter malaise that there was some
choppiness at that time, but he held the course and
we're gonna hold the course. And this has been years
(24:45):
in the building, years in the making this unsustainable system.
Speaker 2 (24:50):
Bingo thank you. It's been years, decades in the making,
and it's unsustainable. And finally somebody comes along and says, Okay,
you know what we're about. The the the the rocket
ship is just going over the fiscal cliff, and so
I'm gonna put the brakes on and we're gonna change directions.
Speaker 3 (25:11):
Oh my god, oh.
Speaker 2 (25:16):
What would you do. I'm still waiting. Not one thing
on text line, nobody on on on my ex timeline,
nobody in an email has provided me. Uh and and
and I go looking too, not just among this audience
while you looking at on all the so called you know,
the expert class, to find out what they would do differently.
(25:36):
Do you know that even the little short guy, Robert Reisch,
little old short Robert Reich was on X yesterday. You
know what he was talking about, The markets are not
the economy. Yes, the same guy that used to tell
us about how important this the stock market was is
now telling us the market's not the economy, and quit
(25:57):
looking and quit looking at this, at these corrections, quit
looking at these adjustments. Yeah. So the little fascist himself,
the little communist himself, is now telling us, oh wait, wait, wait, wait.
Speaker 7 (26:08):
A minute, our trading partners have taken advantage of us.
We can see that through the large surpluses. We can
see this through the large budget deficits. And also this
is national security problem which we saw during COVID. We
saw during COVID that optimal supply chains are not resilient
and what I could say.
Speaker 2 (26:28):
Not resilient they disappeared.
Speaker 7 (26:31):
Is the only good outcome from COVID is it was
a beta test for what would happen if our supply
chains got broken. And President Trump has decided that we
cannot be at risk like that for our crucial medicines,
for semiconductors they have for shipping, and we are going
(26:53):
to move forward so the American people can know that
they are going to have a more secure future.
Speaker 6 (26:59):
And yet I think President Trump promised that he was
going to improve the economy starting on day one, he said,
prices are going to come down within one hundred and
sixty million Americans, mister Secretary, as you know, are invested
in the market. Many of them have spent their lives
saving for their retirement. What is your message to Americans
who want to retire right now and who've just seen
(27:22):
their lifetime savings drop significantly.
Speaker 3 (27:25):
I think that's a false narrative.
Speaker 7 (27:27):
Americans who want to retire right now, the Americans who
have put away for years in their savings account, I
think they don't look at the day to day fluctuations
of what's happening. And you know, in fact, most Americans
don't have everything in the market. Most Americans and a
four to oh one k have what's called a sixty
forty account, that is sixty of forty accounts. They are
(27:50):
down five or six percent on the year.
Speaker 3 (27:53):
People have a long term view.
Speaker 7 (27:55):
They have a program that the reason the stock market
is considered a good investment is because it's a long
term investment. If you look day to day, week to week,
it's very risky.
Speaker 3 (28:06):
Over the long term, it's a good investment.
Speaker 6 (28:09):
President Trump's tarriffs are being described as the biggest tax
hike on Americans in decades. They could cost the average
household thousands of dollars. Republican Senator Ted Cruz had this
to say, I'm going to play it, get your reaction.
On the other.
Speaker 5 (28:23):
Side, tariffs are a tax on consumers, and I'm not
a fan of jacking up taxes on American consumers.
Speaker 6 (28:31):
Do you acknowledge that President Trump's tariffs will cause prices
to go up on a range of goods.
Speaker 3 (28:36):
Well, christ And what I like is data.
Speaker 7 (28:39):
And if we looked at data from President Trump's first term,
and there's a big study that just came out from
a group of economists, mostly at MIT, that showed that
a twenty percent, twenty percent tariff on China led to
a point seven percent taxes or price level increase over
four years.
Speaker 3 (28:59):
I think that's pretty.
Speaker 2 (29:00):
I think it's pretty good. I thought it was one percent.
He says his point seven seven tens of a percent. Yeah,
So see what's Ted Cruz doing. Ted, like other Republicans,
is playing to his base as opposed to you know, finally,
just finally, somebody said, let me just tell you some
(29:22):
hard truths. And that's oh my god. I want to
hear the truth. I don't want to hear the truth.
Jack Nicholson, you can't handle the truth.
Speaker 3 (29:29):
Mike gla I agree with you.
Speaker 8 (29:30):
We have the biggest wallet, we have the biggest spending appetite,
the biggest GDP in the world. China will conform to
our methods slowly, but surely. In every other country can't
even think about negotiating with us.
Speaker 2 (29:46):
So we're going to win this battle. That's that's the
can do spirit. Back to Scott percent.
Speaker 7 (29:55):
Twenty percent in tariffs and it's a point seven percent
and Crag and Kristen the little publicized story this week.
Everyone wants to look at the stock market going down.
You know what else went down? Oil prices went down
almost fifteen percent in two days, which impacts working Americans
much more than the stock market does. Interest rates hit
(30:18):
their low for the year, so I'm expecting the mortgage
applications to pick up well.
Speaker 6 (30:24):
Just to be very clear though, I mean, during President
Trump's first terms, the cost to Americans was nearly eighty
billion dollars in new taxes due to his tariffsent prices
did go up on everything from washing machines to tires.
Speaker 7 (30:38):
Well, but let's go back the aggregate number was zero
point seven, so we can discern the individual things. Also,
households saw real net wages go up. So if wages
go up faster than prices, which is not what happened
over the past four years, that's why the bottom fifty
(31:01):
percent got eviscerated.
Speaker 6 (31:03):
Let me ask you about your view, because last year
I like.
Speaker 2 (31:05):
How she gets corrected and then just moves on as
if oh, yeah, well I find to make a point
and you just blew that away, so let's just move on.
Speaker 6 (31:15):
January, you wrote that quote tariffs are inflationary. The said
chair said the same thing on Friday, that tariffs announced
this week cause higher inflation. Have you expressed any concerns
to President Trump directly that his tariff policy could be inflationary?
Speaker 7 (31:32):
What I have said is tariffs are a one time
price adjustment. So there's a big difference between insipid, endemic
inflation within the system and consistent price level increases and
a one time adjustment. But the other thing that we're
doing is we are raising wages for working Americans. We're
(31:54):
bringing down regulation. So there are estimates that regulation have
called the average household about eight thousand dollars.
Speaker 2 (32:03):
See this is where the media of the cabal will
when they give you that snapshots. That's like taking a
Let's say you got a pizza and rather than you know,
sometimes you can get a pizza, you know, half and half,
so one side is something and the other side is
(32:25):
something else. Or maybe you can get in quarters. You
want one quarter of this one quarter that the other
two quarters something else, and then you want the fifth
quarter a different one. So anyway, if you only look
at one one quarter of the pizza, that's all you see.
Trump's not playing just with one pizza. He's playing with
this giant pizza divided up into all sorts of different things. Wages,
(32:49):
the tariffs, inflation, debt, taxes, regulations, and all of that
combined is designed to what get us off the road
to the fiscal calamity that we are on. And look,
if you put a gun to my head and said
is this gonna work? I don't know. I don't know,
(33:14):
but I will tell you this and then you can
blow my brains out. It's better than what we're doing.
It's certainly better than what we're doing. And at least
somebody had the cajones to stand up and say, look,
we're either going to die flying over the cliff, or
(33:34):
we can put the brakes on and go a different direction.
They see what's over there, Yeah, let's go see what's
over there.