December 5, 2025 • 8 mins
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
There was a consulting firm by the name of Challenger
Gray and Christmas. They reported on Thursday. Yeah, can you
imagine if your last name was Christmas, it would be
a holiday every day. But they announced that there were
one point one million job layoffs announced this year and
it has been the most since twenty twenty during the pandemic.
Speaker 2 (00:22):
Well, this is one of the things that the Republicans
don't want to admit. And look, it's not all the Republicans' fault.
They just happened to be in charge right now. But
this country, I mean, this country has just been so
abhorrent and how we I mean, look, it was bad
before COVID, but the way we've handled economic policy in
this country, with the money printing, with the now the tariffs,
(00:44):
with the supply chain disruptions, you can't do all of
these things and not think it's going to have some
sort of profound impact on the economy. You could mask
it for so long the way they did during COVID,
or they just threw a bunch of money at people
and were like, oh, see, no problem whatsoever. I mean,
you think about it when you say it out loud,
do you think you could realistically shut a society down
(01:05):
for six months a year, and then once society quote
unquote opens back up, it's some slow rollout and shut
down ports and the ability to move goods and services,
and not think that eventually there's going to be some
long term effect to it, right, Like, I don't know
why this is surprising to people at all. And in
this case, the Republicans and Democrats share the blame equally
(01:28):
because it started under Trump. All the shutdown stuff, all
the bribery of the States was done under Trump. They
would have never shut down if they hadn't printed all
that money and thrown it at people. Then obviously continued
under Biden, so you've got all these things that were
shut down. Biden and his people were brutally incompetent, and
so nothing really got back to the way it was before.
(01:51):
And then you have Trump comeing inpouring gas on it
with the tariffs. Like, why any person would think that
this is surprising or that it's going to get any
better anytime soon is beyond me.
Speaker 1 (02:00):
So total layoffs for twenty twenty five have reached one
point one seven million, and it's fifty four percent higher
than the same period last year. It's also the highest
layoff level since twenty twenty, as we mentioned, and some
of the key drivers for the layoffs include corporate restructuring.
It's the most common reason for job cuts in November,
(02:20):
followed by company closings and also economic market conditions. They
also say it's artificial intelligence AI related changes have caused
over fifty four thousand layoffs this year. Tech companies alone
announced over twelve thousand cuts in November, and that raises
the tech layoffs by seventeen percent year over year. And then,
(02:41):
as you mentioned tariffs.
Speaker 2 (02:43):
You know, we've gone from I remember this years ago.
I would have been in college. Maybe this is a
college class. I remember where I heard this from. So
this would have been in the mid two thousands, and
somebody was saying technology is going to reach a point
where the good it does, like the helping right or
(03:04):
whatever to humanity, gets far surpassed by the damage it does.
And what they meant by that is like, there's a
lot of good things that come out of you know, technology,
medical advancements, helping people live longer. Certainly in terms of
you know, the invention of the internet. Hey, you can
communicate with people that you know, I haven't seen years
all these sorts of things, but they said, eventually the
(03:25):
technology will advance to the point where the damage it
starts doing. And you're seeing this right with the AI stuff,
with the ability of like you know, you look at
just look at your fast food joint, the kiosk, you know,
taking away the jobs of it, like it's going to
just swallow up the entire economy. And then there's going
to be these new things come along, see, you know,
(03:45):
the artificial intelligence, the videos, the deep fakes, the all
of this stuff where society is just going to be
overrun by it and they'll be over recovering from it,
and it starts to it starts. It is starting to
really feel like we are entering that phase of the
game where the robots start winning and taking over and
(04:07):
select people who for tippy top, yeah, for lack of
better term control, the robots are going to keep doing
well and everybody else soup line for you.
Speaker 1 (04:17):
So layoff announcements above seventy thousand in November have happened
only twice since the year two thousand and eight, and
since the two thousand and eight financial crisis. A lot
of companies generally try to avoid announcing layoffs right before
the holidays. November's numbers were lower than October's numbers. October's
numbers were pretty bad, one hundred and fifty thousand plus cuts,
(04:40):
and that was the highest level in twenty two years
for that month.
Speaker 2 (04:44):
Well, and and then comes back to you know, you
start with like, what are they doing today? What's the
focus today down the street from us? Is it on
any any districting Yeah, is it on any of the stuff?
Is it anything about affordability of living? Is it addressing
the skyrocketing util city bills? Any of this stuff that
would help actual people.
Speaker 1 (05:03):
No.
Speaker 2 (05:04):
I asked this question yesterday and not a single person
could answer it on social media. Has there been one
bill filed by a Republican that is focused on lowering
the burden to the government that everybody is asked to shoulder?
So tax because but I'm going to talk about these
specialty tax cuts they do like for their business buddies.
I'm talking about like legitimate gas tax, property tax, the
(05:26):
utility bills, all that stuff. No, of course not. Is
there anything addressing affordability of living? No, of course not.
It's they're focused on crypto. They're focused on getting rid
of the making lutenan governor an appointed position. They're focused
on the stupid sandwich. They're focused on this redistricting stuff.
There's nothing they're doing. And the same thing is true
in Washington, and then in Washington they have the audacity
(05:48):
to come out.
Speaker 3 (05:49):
And go, oh, it's the greatest echotomy ever. We're cooking.
Everything's fabulous. We're so hot right now. No, we're not
hot right now. We're not hot right now.
Speaker 2 (06:00):
I believe it was the philosopher Katie Perry who once said,
you're hot than you're cold, you're yes than your no.
And that's where we're at right now. Like the form,
it is not hot.
Speaker 1 (06:10):
There was a new poll that came out and this
was published in Politico, and it says that Trump's own
voters are now beginning to blame him for the affordability christ.
Speaker 2 (06:20):
Do you have a data point on that? I do, Okay,
I do.
Speaker 1 (06:23):
So. The polling shows that many Americans are starting to
blame Donald Trump for the high cost of living. Forty
six percent say the cost of living is the worst
they can remember, and thirty seven percent of them were
Trump voters.
Speaker 2 (06:37):
Yeah, it's not getting any better. So after you've been
there a year you own it, right, there's a window
where he's Okay, hey, it's the other guy. We went
through this so Obama where it was ridiculous, where everything
three years in was still Bush's fault. Oh no, no, no, no, no,
no no. You signed up for this job. You knew
what the job was. You don't get to blame the
other guy after a certain window of time. And I
think what has people really irked is not only as
(07:00):
not getting better, but there's no plan to make it better.
There's no plan from Trump, there's no plan from the
Republicans in the House. There's nothing from the Republicans in
the Senate. What are they debating right now or getting
ready to debate whether we're going to extend these Obamacare
subsidies for three more years, not one year, not two years,
but three years. You me, on the other hand, we're
about to just get totally hosed on our insurance. But hey,
(07:24):
because we go to work every day, f us right,
you'll just shut up and pay it. Nobody's focused on
the affordability of the middle class, who's working, the middle class,
who's producing. Those middle class people who are working and
producing are being driven down into the lower class, nobody's
almost nobody's elevating anymore. It's almost impossible unless you're gonna
(07:46):
work three or four jobs to elevate your financial position
right now, unless you're in a very select group of fields,
and people are like, wait a second, dude, you are
supposed to fix this, and you seem to be focused
on everything but this.
Speaker 1 (07:58):
According to this poll, fifty six percent of Americans say
affordability is their number one priority.
There was a consulting firm by the name of Challenger
Gray and Christmas. They reported on Thursday. Yeah, can you
imagine if your last name was Christmas, it would be
a holiday every day. But they announced that there were
one point one million job layoffs announced this year and
it has been the most since twenty twenty during the pandemic.
Speaker 2 (00:22):
Well, this is one of the things that the Republicans
don't want to admit. And look, it's not all the Republicans' fault.
They just happened to be in charge right now. But
this country, I mean, this country has just been so
abhorrent and how we I mean, look, it was bad
before COVID, but the way we've handled economic policy in
this country, with the money printing, with the now the tariffs,
(00:44):
with the supply chain disruptions, you can't do all of
these things and not think it's going to have some
sort of profound impact on the economy. You could mask
it for so long the way they did during COVID,
or they just threw a bunch of money at people
and were like, oh, see, no problem whatsoever. I mean,
you think about it when you say it out loud,
do you think you could realistically shut a society down
(01:05):
for six months a year, and then once society quote
unquote opens back up, it's some slow rollout and shut
down ports and the ability to move goods and services,
and not think that eventually there's going to be some
long term effect to it, right, Like, I don't know
why this is surprising to people at all. And in
this case, the Republicans and Democrats share the blame equally
(01:28):
because it started under Trump. All the shutdown stuff, all
the bribery of the States was done under Trump. They
would have never shut down if they hadn't printed all
that money and thrown it at people. Then obviously continued
under Biden, so you've got all these things that were
shut down. Biden and his people were brutally incompetent, and
so nothing really got back to the way it was before.
(01:51):
And then you have Trump comeing inpouring gas on it
with the tariffs. Like, why any person would think that
this is surprising or that it's going to get any
better anytime soon is beyond me.
Speaker 1 (02:00):
So total layoffs for twenty twenty five have reached one
point one seven million, and it's fifty four percent higher
than the same period last year. It's also the highest
layoff level since twenty twenty, as we mentioned, and some
of the key drivers for the layoffs include corporate restructuring.
It's the most common reason for job cuts in November,
(02:20):
followed by company closings and also economic market conditions. They
also say it's artificial intelligence AI related changes have caused
over fifty four thousand layoffs this year. Tech companies alone
announced over twelve thousand cuts in November, and that raises
the tech layoffs by seventeen percent year over year. And then,
(02:41):
as you mentioned tariffs.
Speaker 2 (02:43):
You know, we've gone from I remember this years ago.
I would have been in college. Maybe this is a
college class. I remember where I heard this from. So
this would have been in the mid two thousands, and
somebody was saying technology is going to reach a point
where the good it does, like the helping right or
(03:04):
whatever to humanity, gets far surpassed by the damage it does.
And what they meant by that is like, there's a
lot of good things that come out of you know, technology,
medical advancements, helping people live longer. Certainly in terms of
you know, the invention of the internet. Hey, you can
communicate with people that you know, I haven't seen years
all these sorts of things, but they said, eventually the
(03:25):
technology will advance to the point where the damage it
starts doing. And you're seeing this right with the AI stuff,
with the ability of like you know, you look at
just look at your fast food joint, the kiosk, you know,
taking away the jobs of it, like it's going to
just swallow up the entire economy. And then there's going
to be these new things come along, see, you know,
(03:45):
the artificial intelligence, the videos, the deep fakes, the all
of this stuff where society is just going to be
overrun by it and they'll be over recovering from it,
and it starts to it starts. It is starting to
really feel like we are entering that phase of the
game where the robots start winning and taking over and
(04:07):
select people who for tippy top, yeah, for lack of
better term control, the robots are going to keep doing
well and everybody else soup line for you.
Speaker 1 (04:17):
So layoff announcements above seventy thousand in November have happened
only twice since the year two thousand and eight, and
since the two thousand and eight financial crisis. A lot
of companies generally try to avoid announcing layoffs right before
the holidays. November's numbers were lower than October's numbers. October's
numbers were pretty bad, one hundred and fifty thousand plus cuts,
(04:40):
and that was the highest level in twenty two years
for that month.
Speaker 2 (04:44):
Well, and and then comes back to you know, you
start with like, what are they doing today? What's the
focus today down the street from us? Is it on
any any districting Yeah, is it on any of the stuff?
Is it anything about affordability of living? Is it addressing
the skyrocketing util city bills? Any of this stuff that
would help actual people.
Speaker 1 (05:03):
No.
Speaker 2 (05:04):
I asked this question yesterday and not a single person
could answer it on social media. Has there been one
bill filed by a Republican that is focused on lowering
the burden to the government that everybody is asked to shoulder?
So tax because but I'm going to talk about these
specialty tax cuts they do like for their business buddies.
I'm talking about like legitimate gas tax, property tax, the
(05:26):
utility bills, all that stuff. No, of course not. Is
there anything addressing affordability of living? No, of course not.
It's they're focused on crypto. They're focused on getting rid
of the making lutenan governor an appointed position. They're focused
on the stupid sandwich. They're focused on this redistricting stuff.
There's nothing they're doing. And the same thing is true
in Washington, and then in Washington they have the audacity
(05:48):
to come out.
Speaker 3 (05:49):
And go, oh, it's the greatest echotomy ever. We're cooking.
Everything's fabulous. We're so hot right now. No, we're not
hot right now. We're not hot right now.
Speaker 2 (06:00):
I believe it was the philosopher Katie Perry who once said,
you're hot than you're cold, you're yes than your no.
And that's where we're at right now. Like the form,
it is not hot.
Speaker 1 (06:10):
There was a new poll that came out and this
was published in Politico, and it says that Trump's own
voters are now beginning to blame him for the affordability christ.
Speaker 2 (06:20):
Do you have a data point on that? I do, Okay,
I do.
Speaker 1 (06:23):
So. The polling shows that many Americans are starting to
blame Donald Trump for the high cost of living. Forty
six percent say the cost of living is the worst
they can remember, and thirty seven percent of them were
Trump voters.
Speaker 2 (06:37):
Yeah, it's not getting any better. So after you've been
there a year you own it, right, there's a window
where he's Okay, hey, it's the other guy. We went
through this so Obama where it was ridiculous, where everything
three years in was still Bush's fault. Oh no, no, no, no, no,
no no. You signed up for this job. You knew
what the job was. You don't get to blame the
other guy after a certain window of time. And I
think what has people really irked is not only as
(07:00):
not getting better, but there's no plan to make it better.
There's no plan from Trump, there's no plan from the
Republicans in the House. There's nothing from the Republicans in
the Senate. What are they debating right now or getting
ready to debate whether we're going to extend these Obamacare
subsidies for three more years, not one year, not two years,
but three years. You me, on the other hand, we're
about to just get totally hosed on our insurance. But hey,
(07:24):
because we go to work every day, f us right,
you'll just shut up and pay it. Nobody's focused on
the affordability of the middle class, who's working, the middle class,
who's producing. Those middle class people who are working and
producing are being driven down into the lower class, nobody's
almost nobody's elevating anymore. It's almost impossible unless you're gonna
(07:46):
work three or four jobs to elevate your financial position
right now, unless you're in a very select group of fields,
and people are like, wait a second, dude, you are
supposed to fix this, and you seem to be focused
on everything but this.
Speaker 1 (07:58):
According to this poll, fifty six percent of Americans say
affordability is their number one priority.
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