July 25, 2024 • 35 mins
Elections and our investments
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Speaker 1 (00:00):
Hi, I'm Michael, and your morning show is heard on
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of course we're so grateful you came for the podcast.
Speaker 2 (00:20):
Enjoy well two.
Speaker 3 (00:21):
Three, starting your morning off right, A new way of talk,
a new way of understanding because we're in this together.
Speaker 2 (00:32):
This is your morning show with Michael Daryl Chorno.
Speaker 1 (00:37):
Good morning, seven minutes after the hour, Thanks for waking
up with your morning show. I'm Michael del Jorno on
the air and streaming on your iHeart app. We often
say behind every headline is a story, and then behind
every story there's so much to talk about. We do
that because number one headlines usually aren't even covered in
this story, they don't even match the story. But the
(00:58):
Devil of Courses in the d T and so there's
a headline in Fortune welcome to the Great Detachment. Workers
are checked out and so are their bosses. Then it
starts waxing eloquently bored. Chances are so are your co
workers and your bosses. Next time you're at work, take
a look to your left and right. Likely your peers
(01:21):
are looking at the door. The only problem is the
door is only open about a crack. Self reported turnover
risk hasn't been this high since twenty fifteen, finds a
Gallup new release poll. It begs the question, has the
great exit of workers from the workforce that was going
(01:42):
on from a decade and then ushered in early retirement
after COVID now turned into a new era the great detachment?
Our money whiz and economy expert David Bonnson from the
Bonson Financial Group is joining us. The great detachment? Is
that something we ought to be? I think you addressed
it your book full time. However, is that something we
(02:02):
should probably have on our radar?
Speaker 4 (02:06):
Well, look, I think we have to have on our
radar anything that reeks of a lower view of work,
People leaving work, people less engaged with work, detaching from work.
There's all kinds of sort of synonyms here that all
connects to the broader issue that my book is about
and that I'm kind of obsessed with. Culturally, spiritually, economically,
(02:27):
and that is a lower regard for work. And so yeah,
some detachment from work where people feel checked out, where
they don't feel connected, where they're not finding purpose. First
of all, we have to understand it's not going to
stay there. It's foreshadowing someone who is detached today as
someone who leaves the workforce later, at least in large
(02:50):
macro numbers that you will not find people that stay
in the workforce for a sustained period of time when
they're detached from it. So there's all sorts of both
economic and cultural ramifications.
Speaker 2 (03:02):
Here, David.
Speaker 1 (03:03):
Of course I have add And normally you're walking through
Central Park and I hear birds chirping.
Speaker 2 (03:08):
Are we doing dishes this morning?
Speaker 5 (03:09):
What do we do?
Speaker 2 (03:10):
We go from there?
Speaker 4 (03:11):
No, I'm as an Admiral's club in JFK and they're
making noises.
Speaker 1 (03:18):
No, I'm just I'm just I'm that human, all right.
So there is work and then there is vocation. Yeah,
there's all these crazy expressions. You know, if you do
something you love, you'll never work a day in your life.
Certainly you should pick something that you really care about,
that you're really gifted at, and that you really love doing,
and it certainly makes work more enjoyable, but work itself
(03:39):
is a virtue. And I might add, you know, the
work ethic in America, like the breakdown of the family,
are real clear and present dangers to our future. I
would say it this way when we die, because you're
also a theologian in addition to everything else. You know what,
you so intimidate me, You're so impressive. But when we die,
(04:00):
what do we do for eternity? Do we just sit
around in a cloud? Or are we going to work?
Speaker 6 (04:05):
Well?
Speaker 4 (04:05):
The way we answer that theologically is what was it
like before sin entered the world? That we believe that
heaven represents the restoration of the world that God made
us to be, and that we're in the process right
now of re creation. God created the world we sinned.
Now he's redeeming it, recreating it. And so the question
is was there work before sin? The answer is yes,
(04:28):
ergo there will be work in heaven. This is non controversial,
all right.
Speaker 1 (04:32):
So now we have a poor work ethic that was
kind of fed and bred over decades. Then we have
COVID all the early retirements, shake up in the workforce,
everybody's side hustling, everybody prefers to work at home. It's
as if work has taken another great blow and now
here comes the great detachment. If somebody is going to
(04:54):
restore America's economy and work ethic, where would they begin
and what are they inheriting?
Speaker 4 (05:04):
Well, I wish that there was sort of a big
bang event that would do that, but I kind of
don't believe it works that way. Like so many things,
I think it's incremental. I think it's gradual. You know.
Look for my purposes, one of the things is to
write a book pleading with people to see the theological
significance of work and to view work as a source
of meaning and identity in their lives. The biggest thing
(05:27):
that could happen for people who are Christians is for
the churches to stop playing into the idea that work
is transactional, that work is an instrument of some need
we have, like making a living, like providing for our family,
like tithing to our church. Work does all those things.
But work is not made to do those things. Work
(05:48):
is made to provide us purpose. We find purpose in
our lives. We have our needs met when we meet
the needs of others. So see, that's where the view
based detachment comes from is we view it is drudgery.
We think, oh, I got to go check the box
and go sit in a cubicle just to get some
other guy rich, rather than realizing where our own role,
(06:09):
where our own significance comes in. But yeah, it's going
to have to come from churches, from schools, a better
economic education. I mean the types of things we talk
about each week on your show. I care deeply about
people having a better understanding of economics and work. The
notion that when one works, we're just sitting here moving
pebbles around on the ground as opposed to producing goods
(06:31):
and services that meet the needs of humanity. That may
be economics, but it really has a deeper human and
existential component to us.
Speaker 1 (06:40):
David Bonson is joining us in the Bonson Financial Group.
We're talking about the detachment, the great detachment that seems
to be taking place, or the secular world is trying
to understand. And may I say too that all of this,
like all of our problems, including the breakdown in the family,
including the intent of our republic, it all begins in
each individual jewel heart and then collectively spreading through the family,
(07:03):
through the community, and then collectively as a nation. So
it all starts with all of us today examining our
own heart, your view of work. Are you where you're
at because it's just what you started one day and
they kept promoting you and promoting you, but you never
really enjoyed it. Well, then your whole life passes. But
you know, David, there's a book end of this, which
is retirement. And I've seen this happen for so many people,
(07:26):
especially successful people that retire.
Speaker 2 (07:27):
Early at like fifty.
Speaker 1 (07:29):
Then the lack of purpose or we see it when
they get terminated or fired. They lose their identity because
there was more of their identity attached to their work
than they realize. But boy, at retirement, if you haven't
solved this, it's a big problem because then you just
you lose all purpose. You age fast, and it's amazing
how people lose their way and actually die young because
(07:52):
they never did attach themselves to that purpose in calling.
You got to get this right when you're working and
even especially when you're retired.
Speaker 4 (08:01):
Well, and not only do I agree, and again i'll
just toup the book here since we're talking about it,
but the book is called full time work in the
meaning of life. One of the things I say about
that retirement here is yes, it does unspeakable harm to
the soul and psyche of the retiree who is not
removed from purpose, from kind of being valued in society.
(08:21):
It can do a lot of damage to their self esteem,
to their physical health too, I should add. But there's
another piece to it that has leveraged, that falls down
a waterfall, and not only does damage to a sixty
year old who the day before was a person of
significance in their community and the day after feels untethered
from useful activity, but it messages something to fifty year olds,
(08:44):
forty year olds, thirty year olds, and even teenagers. They
are implicitly taught that the purpose of work is to
not have to do it anymore, and that retirement message
has been utterly catastrophic for our society.
Speaker 1 (08:59):
It's a lot, it's a lie from the pit health.
You know what's the first thing I say to somebody
when I find out they've been fired. I look them
in the eye and I say, you are the same
person of worth, You are the same person of talent,
You are the same person of purpose that you were
yesterday before you were fired Because that addresses that lie
that we instantly buy the minute we get fired or
(09:22):
the minute we retire.
Speaker 6 (09:23):
All right.
Speaker 2 (09:23):
One of the questions I get.
Speaker 1 (09:24):
Often in email form saying, next time you have David On,
ask him this question. How much do election results impact
future financial markets? Some of them have been wise enough
to distinguish. Certainly, elections can impact the economy greatly based
on policy, but the markets in general, where our four
to oh one ks, our iras are, our investments in
(09:46):
the future are How much do elections impact the market?
Speaker 4 (09:52):
A lot? That's some people think. But there is an
impact when there is a specific policy thing attached. But
the key word is the portal form of the word election.
It is not merely the presidential election the singular it
is elections because the Senate races and the House races
matter so much too. Because of the genius of Hamilton,
(10:15):
Madison and Jefferson to create a separation of powers that
one per selected president can't necessarily do certain things that
might otherwise be market impacting. On the margin, a president
can still affect policy. There's a certain optimism, there's a
bully pulpit. There also can be executive orders. But the
(10:36):
primary issue is legislation which requires Congress. And so the
example in the Biden administration was he didn't have the
votes to pass some of the huge things he wanted
to do that would have been very detrimental to Marcus right.
And so I think that we have to look to
elections plural to get a feel for what happens in markets.
(10:56):
And I hate to tell people, but they are not
going to know the results until November. We're in for
very close set of elections, both with the presidential and
the House and Senate.
Speaker 1 (11:07):
Maybe not even November, all right, So the American people
do have an obsession with the presidency. We can all
talk about when that happened. A lot of people point
to television's impact in Kennedy and then from there on
there is an obsession. Now our funding fathers, of course,
were obsessed with us, the people. We the people and
the People's House. Do the markets and the businesses get
(11:31):
it better than the electorate that it's about Congress? In
other words, will it take its cues more from Congress,
with the exception of issues like the border or tax cuts,
that they can take a queue or some level of
uncertainty that would be lifted based on an election result.
By and large, are they more focused on the House
and Senate makeup than the presidency.
Speaker 4 (11:51):
I think it's holistic. I think it's all the above.
But again, they can't really be separated from one another,
by the way that just keep the tax cuts to
president can't pass tax cuts Congress right, and for tax increases.
One thing looming over this election is that some of
the tax cuts from President Trump's twenty seventeen tax bill
are going to expire at the end of twenty twenty
(12:13):
five unless they are extended. And so there's a belief
that if President Trump wins, all will be extended, which
is certainly true, and that if Kamala Harris wins, then
only some will be extended, which I think is also
probably true. So there is at least a good indicator there.
But yeah, I mean, the markets are always in forever
(12:35):
pricing in a gazillion different things that intersect together, and
that does include the complexity of elections that it's House,
Senate and presidential and the other thin tino Sometimes Supreme
Court rulings okay, that's so called sever Inductrine about a
month ago now that really defined some of the power
of regulatory agencies to wreck all kinds of havoc on
(12:59):
the america An economy. Markets responded well to that there
are certain regulatory things in the financial sector, so once
to never believe that trillions of dollars billions of activities
that take place are not able to price in the
reality of what's happening. People have a way of being
(13:22):
very rational when it comes to their own money.
Speaker 1 (13:24):
They were great questions, brilliant answers. David bonson the name
of the book full time Work and it's at full
time workbook dot com writer or is it just full
time book dot com?
Speaker 4 (13:37):
Full time work dot com?
Speaker 1 (13:38):
Oh, I had it all wrong, full time work dot com.
To get the David Bonson book and appreciate our weekly visits.
Save it, have a great weekend.
Speaker 4 (13:46):
Thanks.
Speaker 2 (13:48):
This is your Morning show with Michael Deltuno.
Speaker 1 (13:52):
As always, I'm in a great mood. Happy to be alive,
happy to be here, Love my company, love my show,
love my audience. Ye, everybody else is grumpy today.
Speaker 2 (13:59):
Yeah, I've noticed that I don't understand. Maybe I should
do this Top five stories of the day.
Speaker 7 (14:03):
Grumpy, every move this great after the hours, just wake
it up. Biden dropped out and it can only be
called the vague Oval Office. Farewell, Mark Mayfield, He's here
with more.
Speaker 8 (14:20):
President Biden is addressing the nation for the first time
since his decision to drop out of the twenty twenty
four election.
Speaker 9 (14:26):
It's not about me. It's about you, your families, your futures.
Speaker 10 (14:32):
It's about we, the people. We can never forget that,
and I never have.
Speaker 4 (14:38):
Well.
Speaker 8 (14:38):
Speaking from the Oval Office yesterday, the President said the
best way forward for the country is to pass the
torch to a new generation. He said, now it's the
time for fresh and younger voices as he endorsed Vice
President Kamala Harris to be the Democratic nominee for president
and former President Trump is speaking for the first time
since President Biden ended his campaign for reelection. Speaking at
a rally in Charlotte, Trump called Biden the worst president
(15:00):
in the history of our country, saying he had decided
to endy spid for a second term because he was
losing so badly. He went on to say the Democratic
Party pushed Biden out, something he called undemocratic. Trump also
took seawn's Advice President Harris, saying she is much worse
than Biden and will destroy the country within a year.
Speaker 2 (15:17):
That's politics. Mark Mayfield, NBC News Radio. Can I be
honest without being perceived as mean? Sure, I and I'm weird.
I'll admit it.
Speaker 1 (15:26):
You put on forensic files, which should be troubling. Put
forensic files on. I fall asleep in five minutes. There's
something so comforting in a bizarre, weird way. Okay that
or thunderstorm sounds. Oh, but I am thaoroughly convinced. If
you take that thirteen minute speech of Joe Biden last
night and play it in bed, you won't have any
falling to sleep problems anymore. One of two people injured
(15:49):
in the attempted assassination of former President Donald Trump has
been released from the hospital. It's wonderful to have good
news in the morning, and Tammy Trehilo has this story.
Speaker 11 (15:57):
On Wednesday, Alleghany Health and Ounds, David Dutch had recovered
from his injuries and was discharged. Dutch was shot and
wounded in the assassination attempt during Trump's campaign rally in
Pennsylvania earlier this month. James Coppenhaber was also shot and injured,
but he remains hospitalized in serious condition. Former fire chief
Corey Comparatoy lost his life in the shooting. I'm Tammy Trihuillo.
Speaker 1 (16:19):
Do you have Joe Biden's speech, which clearly doesn't acknowledge
Republican's right to exist? In fact, if you don't vote
for a Democrat, democracy fails. Meanwhile, in the Middle East,
of course, the problem with the peace solution is the
Islamists don't recognize Israel's right to exist, and they invaded Israel,
and they took the hostages. And it says if Nancy
Pelosi forgot all of that. She claims bb Netanyahu's speech
(16:43):
was the worst presentation ever given by a former dignitary,
and added that the Israeli family she watched with are
asking for a ceasefire and want the hostages home. You
might want to take that up with Hamas. Meanwhile, all
the bust In paid for actors were outside protesting as well.
Speaker 2 (17:02):
Hi, It's Michael.
Speaker 1 (17:03):
Your morning show airs live five to eight am Central,
six to nine Eastern in great cities like Memphis, Tennessee, Telsa, Oklahoma, Sacramento, California.
We'd love to be a part of your morning routine,
but we're happier here now.
Speaker 2 (17:15):
Enjoy the podcast. Well, the stories are the President said goodbye.
It was a very vague speech.
Speaker 1 (17:21):
I don't know that it was a momentum building endorsement
of Kambala Harris or an admittance of any kind of
health issues that would prevent him from running for president.
He's not only not addressing can he complete the one
hundred days that are left, He's going to solve cancer
and everything else. We had a conversation earlier with White
(17:42):
House correspondent John Decker, and you know, you just can't
make this decision based on, Oh, I'm losing, so I'm out,
and I'm going to give all my delegates that people
awarded through votes to this person and orchestrate it. I
know one of the memes Elon Musk posted today, if
the DNC can replace Biden against voters' wishes, then they
(18:04):
were never about democracy. That's something they're going to have
to deal with in addition to some of the vulnerabilities
of their candidate. But you can't just take delegates that
were voted and secured and just hand them to somebody
any more than you can empty the bank account. At
that point, do we have a shadow campaign to save
(18:26):
the Democrat Party from Democrat primary voters like we had
a shadow campaign to save democracy from Donald Trump. Aaron
Rayl's joining us on just that topic. Vice President Harris
has raised a lot of money, over a hundred million dollars,
but she's also wanting to tap into about one hundred
million dollars that was given to Joe Biden and Kenshi. Aaron,
get us up to speed on where Kamalist stands financially pretty.
Speaker 6 (18:51):
Well, pretty well, so it since Sunday she's brought in
one hundred million dollars. We all know about that, and.
Speaker 4 (18:56):
That's exciting for her campaign.
Speaker 6 (18:58):
But it's on top of the one hundred and fifty
nine million that was in the Biden Harris joint fund
Raising Committee war chest. Now, Trump has filed this long
shot challenge his campaign to block Harris's campaign funds in
what was the joint Biden Harris warchest. So there was
a letter from his lawyers. It says Kamala Harris was
(19:19):
not actually a candidate for anything. Harris is in the
process of committee the largest campaign finance violation in American history. Now,
if you talk to any pretty much FEC, Federal Election
Commission Enforcement Division, or lawyers who are experts from this,
they say, point blank it's her money. She was on
the original statement of candidacy as a candidate when the
(19:40):
committee was registered, and it doesn't really matter that she
was the VP candidate.
Speaker 4 (19:44):
And it's likely one of the reasons.
Speaker 6 (19:46):
They chose her to replace Biden as opposed to Gretchen
Whitmer or a Gavin Newsom. Also, people had a lawn like,
very strong pulling numbers against Trump, but logistically and financially
it was so.
Speaker 4 (19:57):
Much easier just to go with So they were for this.
Speaker 6 (20:02):
Contest that was going to happen in terms of legal
ees and campaign finance, but they're not likely to win.
Speaker 1 (20:08):
I agree that that may be one of the reasons
why they chose her. I agree that it was Biden
Harris for president. I don't necessarily agree that there's a
unanimous FEC approval that the money belongs to her. In fact,
Sean Cooksy, who was the FEC chair, was on with
Laura Ingram days ago saying they never even approached us,
They never even asked permission. It would not be now subject.
(20:32):
We don't have a lot of legal authority. All we
can do is find them after the fact, to find
I'm sure they're willing to pay after an election, and
after that amount of money that they would gain, and
he encouraged. He said it would take a lawsuit from
someone with standing, either someone who gave to the campaign
or an opponent, either RFK, one of the other independents,
(20:54):
or Donald Trump. So I don't know how long shot
it is, but I do know it's not a unanimous
all the FBC agrees the money serves.
Speaker 4 (21:03):
Very true, very true.
Speaker 6 (21:04):
And listen, the Hair's campaign will now have a chance
to respond to Trump's challenge. They're going to go before
six commissioners of the FBC, and like you said, lately,
they're deadlocked by a partisan split. So it's not unanimous,
but it is part of it, which is nice, and
they decide whether or not to take up the challenge
and investigate the spending or then dismiss it. But from there,
(21:25):
the investigation or the dismissal, they're going to take their
own sweet time. And in the meantime, no funds are frozen,
so that means Haras can continue to spend right now,
will likely to spend her November. And also it's like
a spigot went off when she took this position over
from Biden. Essentially as the candidates they were going to
run against Trump because it's like just pent up money
(21:45):
just wanted to be spent. And now it's flying at
her one hundred million dollars in less than thirty six hours.
I mean, come on. So it's not like they're struggling
for fun. But yeah, it makes sense that they're going
to fight for them for sure.
Speaker 1 (21:57):
And I always remind the listeners it's not so much
as because I don't know that the ads are going
to get them anywhere, but it is about boots on
the ground and salaries in swing states and districts, and
getting people registered and getting them to the polls or
getting their mail in ballots to the post office. That's
where money will come in handy. And it's a significant amount,
(22:18):
there's no question about it.
Speaker 12 (22:20):
All right.
Speaker 1 (22:20):
Well, one of the problems they're going to have is
those that feel like that this process that's being ignored
is significant. Now we know Black Lives Matter feels that way,
we know Barack Obama feels that way. The question is
what percentage of the Democrats feel that way. As far
as independence, they're already leaning heavily towards Donald Trump. I
(22:40):
suspect they may buy into some of that narrative. Of
course Republicans will be selling that narrative. But so you
can get the money and you can get the delegates,
but you've got to still deal with that kind of
an impression in the name of you're the only one
that's representing democracy as you trample it. So I think
that's going to be the challenge for them that money
get them out.
Speaker 6 (23:00):
Of You're totally correct, and I love your opinion on
this because I think at like a higher level what
we're doing right now is kind of unfortunate. We're talking
about the legally surrounding buying an election, and you're like, oh, brother,
maybe if we took a beat and got some of
the money. Listen, there's also oh, by the way, just
give you a superpack. Then why are we even having
(23:21):
this discussion.
Speaker 4 (23:22):
It's over. So I think that it is it's unfortunate
that this.
Speaker 6 (23:26):
Is how it goes, but it is how it goes,
and it's.
Speaker 1 (23:30):
Not how it always It's not how it always went.
I mean, that's yeah, that's the problem. Things change in
twenty twenty. You take Joe Biden. First of all, you
control the media, so you control the narrative and you
create the narratives, You control social media, and so you
silence any opposing views. Then you weaponize COVID, change election laws,
(23:51):
beef up the mail in vote of what you control.
Speaker 2 (23:55):
This is them telling you what.
Speaker 1 (23:56):
They did in a February fifteenth article in Time magazine,
the shadow campaign to save the democracy. And you take
Joe and you hide him in a basement because he's
old and he represents you know, a lot of the
craziness and fighting will go away.
Speaker 2 (24:07):
Of course it didn't.
Speaker 1 (24:09):
And then you you implement him and hide him and
get him in the White House and someone else really
runs the presidency. That's not normal. Then you have him
run for reelection. He had plenty of time to step aside,
which was the plan. He doesn't. He secures over two
thousand delegates, hundreds of millions of dollars, and then his
(24:30):
party goes, you know what, you can't win, so we're
just going to erase everybody's vote, erase everybody's check, and
give it to this person. One was a shadow campaign
that hit him in a basement. The other one was
a shadow campaign that moved him aside. That's not the process.
I mean, what's really at stake is the primary process
and voters votes, and if they don't have a say
(24:52):
in the primary, they didn't ultimately have a say in
the general. Is the problem. So it is a big deal.
It's it's demock Christy itself that is being thwarted by
the very one that says.
Speaker 2 (25:03):
They're saving it. I think it's a big deal.
Speaker 1 (25:06):
And I think I think there's a portion of America
that will tragically ignore it if they think.
Speaker 2 (25:12):
It benefits them.
Speaker 1 (25:14):
But at the minute we all ignore it, we got
a bigger problem than candidates and policies were debating over.
Speaker 4 (25:21):
I think, Yeah, couldn't agree more.
Speaker 6 (25:23):
Listen, you're right, it is a big problem, and how
we move forward, And like you said, it didn't always
us to be like this, and it doesn't have to
be like this. There's no ball saying that it has
to be this much money in this and nor should it.
So how do we move forward from here?
Speaker 4 (25:38):
That's a bigger question.
Speaker 6 (25:39):
And maybe what I like, Miss merri six should be discussing.
Speaker 1 (25:42):
What I like, believe it or not, shockingly, is what
Barack Obama and Black Lives Matter is saying, Okay, you
don't think jo can win. Joe's now convinced by you
or forced out by you. Then let's start all over.
Let these delegates be released, let candidates come forward, let
them debate, let them know, and then let's go solve
it at a convention. In fact, we've solved many nominations
(26:04):
at a convention, and some very good ones at conventions.
I can think of Reagan and Bush, I can think
of Kennedy and Johnson, all solved at a convention. But
so far the party elite doesn't seem to be interested
in that. And that's why they're still waiting at Barack
Obama's endorsement, which I think will be big as time ticks. Aaron,
great reporting today. We'll talk again tomorrow. Take care, all
(26:26):
right if you're just waking out.
Speaker 2 (26:29):
Our top five stories of the day. First and foremost,
a Biden.
Speaker 1 (26:35):
Verbal visual dropping out to go along with his ex
dropout earlier in the week, Brian Shook as the end
of the road to the White House for Joe Biden.
Speaker 13 (26:45):
Road to the White House twenty twenty four. President Biden
addressed the nation Wednesday for the first time since his
decision to drop out of the twenty twenty four elections.
Speaker 9 (26:56):
About You, Your Families features It's about we the people.
Speaker 2 (27:04):
We can never forget.
Speaker 10 (27:04):
That, and I never have.
Speaker 13 (27:07):
While speaking from the Oval Office, the President said the
best way forward for the country is to pass the
torch to a new generation. He said now is the
time for fresh and younger voices as he endorsed Vice
President Kamala Harris to be the Democratic nominee for president.
Biden announced on Sunday he would exit the race in Washington.
(27:28):
I'm Brian Shook.
Speaker 1 (27:30):
Debates have turned into a wild wild West, so Kamala
is in now. Fox is proposing a debate between Harris
and Trump. Mark Mayfield has the details.
Speaker 8 (27:39):
The network has suggested the debate be held September the
seventeenth in Pennsylvania. Trump had been scheduled to fix President
Biden in a second debate on September the tenth, hosted
by ABC News before Biden decided to drop out of
the race. MoOx News Media has sent letters to both
campaigns about the proposed debate that would be moderated by
Brettmayer and Martha McCallum. Trump has said he's willing to
debate Harrison multiple times now that she is the presumptive
(28:02):
Democratic nominee for president.
Speaker 2 (28:04):
By Marknefield.
Speaker 1 (28:05):
Well, it was quite a scene yesterday BB Nett and
Yahoo I addressed a joint session of Congress. The former
speaker wasn't there, Nancy Pelosi. In fact, she said it
was a disgraceful speech, called for a ceasefire, and demanded
the hostages be released. As if it's Israel holding Americans
in Jews hostage, then you had all the paid protesters
bust in.
Speaker 2 (28:26):
Half of Democrat members of Congress boycotted the speech.
Speaker 1 (28:33):
Oh, the Democrats have an Israel problem, and Shapiro might
have a ticket problem. But BB Nutt, Yeah, who had
a clear message Probably the useful idiots that boycotted that
were members of Congress, but specifically to the useful idiots
outside that were bust in.
Speaker 12 (28:50):
For all we know, Yan is funding the anti usual
protests that are going on right now outside this building.
Not that many, but they're there and throughout the city. Well,
I have a message for these protesters. When the tyrants
of Tyran, who hang gaze from cranes and murdered women
(29:10):
for not covering their hair are praising, promoting, and funding you,
you have officially become Iran's useful idiots.
Speaker 1 (29:20):
One of many great moments for bb net and Yahoo,
and let's end with some good news. One of the
two injured in the attempted assassination of President Donald Trump
released from the hospital.
Speaker 2 (29:29):
Tammy Trehilo is here with more.
Speaker 11 (29:31):
On Wednesday, Alleghany Health announced David Dutch had recovered from
his injuries and was discharged. Dutch was shot and wounded
in the assassination attempt during Trump's campaign rally in Pennsylvania
earlier this month. James Coppenhaber was also shot and injured,
but he remains hospitalized in serious condition. Former fire chief
Corey Comparatore lost his life in the shooting. I'm Tammy
(29:52):
Trihillo in.
Speaker 1 (29:53):
Sports, d BACS, Guardians and Rangers, All one, Mariners, raised,
Nats and Cardinals loss birthdays. Matt LeBlanc from Friends is
fifty seven years old.
Speaker 2 (30:04):
Hew, you doing it there? I waited for it.
Speaker 1 (30:06):
NFL quarterback Bryce Young twenty three, Former vall and Saints
running back Alvin Kamaras twenty nine.
Speaker 5 (30:13):
I'm Joe Big in Tampa and my morning show is
your Morning show with Michael Bill Jorno.
Speaker 2 (30:19):
This is your morning show and the big story of
the day.
Speaker 1 (30:21):
The President from the Oval Office acknowledge he's leaving the race.
Speaker 2 (30:26):
It's not about me.
Speaker 9 (30:28):
It's about you, your families, your futures, It's.
Speaker 10 (30:33):
About we the people. We can never forget that, and
I never have.
Speaker 1 (30:39):
And that's why he's dropping out, getting all his delegates
and awesome money to Kylas. All Right, Rory O'Neil always
gets the final story with Rory Roy, you're for me
and my family, a lot of grace and a lot
of mercy. At the beginning of the speech, it's time
to see the president say goodbye. This is a personal
moment for the family in the Oval office. It's an
(31:00):
American historical moment. And my thought was, knock him dead.
You know it's over. You spent your whole life in politics.
Give your best speech. So I was there, and then
you know, it was all more of the same from
my perspective, in his exaggeration of his accomplishments, the ridiculousness
at the end of like a State of the Union,
(31:20):
I'm going to use my last one hundred days to
care cancer. I'm gonna use my last one of the
nan wars in fixi country. Well, if you could have
done that in the last hundred days, should have done
in the first no real explanation as to why he's
leaving or if he believes he still can't beat Donald
Trump and he's convinced of that. Not a real full
throated endorsement really, or any momentum it will create for
Kamala Harris.
Speaker 2 (31:39):
So what did he accomplish last night?
Speaker 5 (31:42):
Not much. I think it's largely forgettable, except for the
fact that it's only the fourth time he's given that
Oval office kind of speech. The last time was just
over a week ago after the shooting of Donald Trump,
so it's it's not something he does often. But I
think the speech essentially fell pretty flat. To your point,
sort of this laundry list of things I've done and
what I hope to do is almost a mini state
(32:04):
of the Union, certainly without applause interruptions. And I don't know.
I mean, he looked okay in terms of he had
whatever makeup artist had his tan on, but he still
didn't seem to have an awful lot of energy. There
didn't seem to be a lot of passion in what
he was saying. So I think overall it's going to
fall relatively flat.
Speaker 1 (32:24):
And if he was forced out, it looked like it,
no mention of his COVID, no mention of his health,
cognitive ability, no addressing is he capable of the next
one hundred days, which is a big question.
Speaker 2 (32:35):
If you're not capable of running, you're not capable of being.
Speaker 1 (32:38):
There was really none of that, And then there were
about three or four references to the democracy itself is
at stake and that's the only reason why he's passing
the torch to the next generation. Of course, this notion
that if you vote for a Republican or if you
are a Republican, you are somehow an enemy of the
state and democracy, which is the kind of rhetoric that
really needs to go.
Speaker 2 (32:58):
But so to me through and.
Speaker 7 (33:00):
At the end, the all were the United States of America,
there's nothing we can't do.
Speaker 1 (33:05):
I'll tell you one thing you can count on. He's
not going to be on the campaign trail with Kamala
and she's not going to have any proximity to him.
Speaker 5 (33:12):
Well, yeah, I think there'll be a couple of events,
and you know, at the convention there will be something,
but I don't think they're going to be seen.
Speaker 2 (33:19):
Together a lot.
Speaker 5 (33:20):
Because the contrast is also a pretty stark, uh, you know,
when you compare and contrast the two of them and
how they speak and how they deliver messages. You know,
Joe was also very soft spoken in last night's speech,
not a lot of force behind it. I realized he's
recovering from COVID, but still, yeah, I just didn't have
the oop behind that speech. At the same time, you
(33:42):
didn't sell it very well.
Speaker 2 (33:44):
Wasn't a farewell.
Speaker 1 (33:45):
It wasn't a passing of the torch as much as
if it was a getaway car speech.
Speaker 2 (33:49):
So it felt all right, So where do we go
from here?
Speaker 1 (33:52):
We said a long conversation with Aaron real about because
I had the FEC chair I watched on with Laura
Ingram say, and this is not necessarily a no brainer
of transfer. They haven't really even notified us or asked permission.
All we can do is find them later. It's going
to take a lawsuit. Now here comes one from the
Trump camp. But you know this just oh, we can't win.
So let's just endorse the back of the check and
(34:14):
give all the money to this one. And let's give
all the delegates and earned by someone else to this one.
You know, there is the state of the primary process
is certainly at stake, and it's taken two blows in
two presidential election cycles, that's for sure.
Speaker 5 (34:29):
Well, and it's also this realization that most Americans don't
understand how this works, you know. But yeah, it does
all come down to these party delegations and this is
who you're voting for. It's not a one to one vote,
you know that it does come down to these parties
and the delegates that they send to these conventions and
the rules that surround them. And those rules, by the way,
I wouldn't even say the written pencil to.
Speaker 2 (34:51):
The dryer rate and visible link. We're all in this together.
This is your Morning Show with Michael Hill.
Speaker 3 (34:58):
Joyo d stand in step to the
Hi, I'm Michael, and your morning show is heard on
great radio stations across the country like one oh five,
nine twelve fifty w HNZ and Tampa, Florida, News Radio
five seventy w k b N and Youngstown, Ohio and
News Radio one thousand KTOK in Oklahoma City. Love to
have you listen to us live in the morning, and
of course we're so grateful you came for the podcast.
Speaker 2 (00:20):
Enjoy well two.
Speaker 3 (00:21):
Three, starting your morning off right, A new way of talk,
a new way of understanding because we're in this together.
Speaker 2 (00:32):
This is your morning show with Michael Daryl Chorno.
Speaker 1 (00:37):
Good morning, seven minutes after the hour, Thanks for waking
up with your morning show. I'm Michael del Jorno on
the air and streaming on your iHeart app. We often
say behind every headline is a story, and then behind
every story there's so much to talk about. We do
that because number one headlines usually aren't even covered in
this story, they don't even match the story. But the
(00:58):
Devil of Courses in the d T and so there's
a headline in Fortune welcome to the Great Detachment. Workers
are checked out and so are their bosses. Then it
starts waxing eloquently bored. Chances are so are your co
workers and your bosses. Next time you're at work, take
a look to your left and right. Likely your peers
(01:21):
are looking at the door. The only problem is the
door is only open about a crack. Self reported turnover
risk hasn't been this high since twenty fifteen, finds a
Gallup new release poll. It begs the question, has the
great exit of workers from the workforce that was going
(01:42):
on from a decade and then ushered in early retirement
after COVID now turned into a new era the great detachment?
Our money whiz and economy expert David Bonnson from the
Bonson Financial Group is joining us. The great detachment? Is
that something we ought to be? I think you addressed
it your book full time. However, is that something we
(02:02):
should probably have on our radar?
Speaker 4 (02:06):
Well, look, I think we have to have on our
radar anything that reeks of a lower view of work,
People leaving work, people less engaged with work, detaching from work.
There's all kinds of sort of synonyms here that all
connects to the broader issue that my book is about
and that I'm kind of obsessed with. Culturally, spiritually, economically,
(02:27):
and that is a lower regard for work. And so yeah,
some detachment from work where people feel checked out, where
they don't feel connected, where they're not finding purpose. First
of all, we have to understand it's not going to
stay there. It's foreshadowing someone who is detached today as
someone who leaves the workforce later, at least in large
(02:50):
macro numbers that you will not find people that stay
in the workforce for a sustained period of time when
they're detached from it. So there's all sorts of both
economic and cultural ramifications.
Speaker 2 (03:02):
Here, David.
Speaker 1 (03:03):
Of course I have add And normally you're walking through
Central Park and I hear birds chirping.
Speaker 2 (03:08):
Are we doing dishes this morning?
Speaker 5 (03:09):
What do we do?
Speaker 2 (03:10):
We go from there?
Speaker 4 (03:11):
No, I'm as an Admiral's club in JFK and they're
making noises.
Speaker 1 (03:18):
No, I'm just I'm just I'm that human, all right.
So there is work and then there is vocation. Yeah,
there's all these crazy expressions. You know, if you do
something you love, you'll never work a day in your life.
Certainly you should pick something that you really care about,
that you're really gifted at, and that you really love doing,
and it certainly makes work more enjoyable, but work itself
(03:39):
is a virtue. And I might add, you know, the
work ethic in America, like the breakdown of the family,
are real clear and present dangers to our future. I
would say it this way when we die, because you're
also a theologian in addition to everything else. You know what,
you so intimidate me, You're so impressive. But when we die,
(04:00):
what do we do for eternity? Do we just sit
around in a cloud? Or are we going to work?
Speaker 6 (04:05):
Well?
Speaker 4 (04:05):
The way we answer that theologically is what was it
like before sin entered the world? That we believe that
heaven represents the restoration of the world that God made
us to be, and that we're in the process right
now of re creation. God created the world we sinned.
Now he's redeeming it, recreating it. And so the question
is was there work before sin? The answer is yes,
(04:28):
ergo there will be work in heaven. This is non controversial,
all right.
Speaker 1 (04:32):
So now we have a poor work ethic that was
kind of fed and bred over decades. Then we have
COVID all the early retirements, shake up in the workforce,
everybody's side hustling, everybody prefers to work at home. It's
as if work has taken another great blow and now
here comes the great detachment. If somebody is going to
(04:54):
restore America's economy and work ethic, where would they begin
and what are they inheriting?
Speaker 4 (05:04):
Well, I wish that there was sort of a big
bang event that would do that, but I kind of
don't believe it works that way. Like so many things,
I think it's incremental. I think it's gradual. You know.
Look for my purposes, one of the things is to
write a book pleading with people to see the theological
significance of work and to view work as a source
of meaning and identity in their lives. The biggest thing
(05:27):
that could happen for people who are Christians is for
the churches to stop playing into the idea that work
is transactional, that work is an instrument of some need
we have, like making a living, like providing for our family,
like tithing to our church. Work does all those things.
But work is not made to do those things. Work
(05:48):
is made to provide us purpose. We find purpose in
our lives. We have our needs met when we meet
the needs of others. So see, that's where the view
based detachment comes from is we view it is drudgery.
We think, oh, I got to go check the box
and go sit in a cubicle just to get some
other guy rich, rather than realizing where our own role,
(06:09):
where our own significance comes in. But yeah, it's going
to have to come from churches, from schools, a better
economic education. I mean the types of things we talk
about each week on your show. I care deeply about
people having a better understanding of economics and work. The
notion that when one works, we're just sitting here moving
pebbles around on the ground as opposed to producing goods
(06:31):
and services that meet the needs of humanity. That may
be economics, but it really has a deeper human and
existential component to us.
Speaker 1 (06:40):
David Bonson is joining us in the Bonson Financial Group.
We're talking about the detachment, the great detachment that seems
to be taking place, or the secular world is trying
to understand. And may I say too that all of this,
like all of our problems, including the breakdown in the family,
including the intent of our republic, it all begins in
each individual jewel heart and then collectively spreading through the family,
(07:03):
through the community, and then collectively as a nation. So
it all starts with all of us today examining our
own heart, your view of work. Are you where you're
at because it's just what you started one day and
they kept promoting you and promoting you, but you never
really enjoyed it. Well, then your whole life passes. But
you know, David, there's a book end of this, which
is retirement. And I've seen this happen for so many people,
(07:26):
especially successful people that retire.
Speaker 2 (07:27):
Early at like fifty.
Speaker 1 (07:29):
Then the lack of purpose or we see it when
they get terminated or fired. They lose their identity because
there was more of their identity attached to their work
than they realize. But boy, at retirement, if you haven't
solved this, it's a big problem because then you just
you lose all purpose. You age fast, and it's amazing
how people lose their way and actually die young because
(07:52):
they never did attach themselves to that purpose in calling.
You got to get this right when you're working and
even especially when you're retired.
Speaker 4 (08:01):
Well, and not only do I agree, and again i'll
just toup the book here since we're talking about it,
but the book is called full time work in the
meaning of life. One of the things I say about
that retirement here is yes, it does unspeakable harm to
the soul and psyche of the retiree who is not
removed from purpose, from kind of being valued in society.
(08:21):
It can do a lot of damage to their self esteem,
to their physical health too, I should add. But there's
another piece to it that has leveraged, that falls down
a waterfall, and not only does damage to a sixty
year old who the day before was a person of
significance in their community and the day after feels untethered
from useful activity, but it messages something to fifty year olds,
(08:44):
forty year olds, thirty year olds, and even teenagers. They
are implicitly taught that the purpose of work is to
not have to do it anymore, and that retirement message
has been utterly catastrophic for our society.
Speaker 1 (08:59):
It's a lot, it's a lie from the pit health.
You know what's the first thing I say to somebody
when I find out they've been fired. I look them
in the eye and I say, you are the same
person of worth, You are the same person of talent,
You are the same person of purpose that you were
yesterday before you were fired Because that addresses that lie
that we instantly buy the minute we get fired or
(09:22):
the minute we retire.
Speaker 6 (09:23):
All right.
Speaker 2 (09:23):
One of the questions I get.
Speaker 1 (09:24):
Often in email form saying, next time you have David On,
ask him this question. How much do election results impact
future financial markets? Some of them have been wise enough
to distinguish. Certainly, elections can impact the economy greatly based
on policy, but the markets in general, where our four
to oh one ks, our iras are, our investments in
(09:46):
the future are How much do elections impact the market?
Speaker 4 (09:52):
A lot? That's some people think. But there is an
impact when there is a specific policy thing attached. But
the key word is the portal form of the word election.
It is not merely the presidential election the singular it
is elections because the Senate races and the House races
matter so much too. Because of the genius of Hamilton,
(10:15):
Madison and Jefferson to create a separation of powers that
one per selected president can't necessarily do certain things that
might otherwise be market impacting. On the margin, a president
can still affect policy. There's a certain optimism, there's a
bully pulpit. There also can be executive orders. But the
(10:36):
primary issue is legislation which requires Congress. And so the
example in the Biden administration was he didn't have the
votes to pass some of the huge things he wanted
to do that would have been very detrimental to Marcus right.
And so I think that we have to look to
elections plural to get a feel for what happens in markets.
(10:56):
And I hate to tell people, but they are not
going to know the results until November. We're in for
very close set of elections, both with the presidential and
the House and Senate.
Speaker 1 (11:07):
Maybe not even November, all right, So the American people
do have an obsession with the presidency. We can all
talk about when that happened. A lot of people point
to television's impact in Kennedy and then from there on
there is an obsession. Now our funding fathers, of course,
were obsessed with us, the people. We the people and
the People's House. Do the markets and the businesses get
(11:31):
it better than the electorate that it's about Congress? In
other words, will it take its cues more from Congress,
with the exception of issues like the border or tax cuts,
that they can take a queue or some level of
uncertainty that would be lifted based on an election result.
By and large, are they more focused on the House
and Senate makeup than the presidency.
Speaker 4 (11:51):
I think it's holistic. I think it's all the above.
But again, they can't really be separated from one another,
by the way that just keep the tax cuts to
president can't pass tax cuts Congress right, and for tax increases.
One thing looming over this election is that some of
the tax cuts from President Trump's twenty seventeen tax bill
are going to expire at the end of twenty twenty
(12:13):
five unless they are extended. And so there's a belief
that if President Trump wins, all will be extended, which
is certainly true, and that if Kamala Harris wins, then
only some will be extended, which I think is also
probably true. So there is at least a good indicator there.
But yeah, I mean, the markets are always in forever
(12:35):
pricing in a gazillion different things that intersect together, and
that does include the complexity of elections that it's House,
Senate and presidential and the other thin tino Sometimes Supreme
Court rulings okay, that's so called sever Inductrine about a
month ago now that really defined some of the power
of regulatory agencies to wreck all kinds of havoc on
(12:59):
the america An economy. Markets responded well to that there
are certain regulatory things in the financial sector, so once
to never believe that trillions of dollars billions of activities
that take place are not able to price in the
reality of what's happening. People have a way of being
(13:22):
very rational when it comes to their own money.
Speaker 1 (13:24):
They were great questions, brilliant answers. David bonson the name
of the book full time Work and it's at full
time workbook dot com writer or is it just full
time book dot com?
Speaker 4 (13:37):
Full time work dot com?
Speaker 1 (13:38):
Oh, I had it all wrong, full time work dot com.
To get the David Bonson book and appreciate our weekly visits.
Save it, have a great weekend.
Speaker 4 (13:46):
Thanks.
Speaker 2 (13:48):
This is your Morning show with Michael Deltuno.
Speaker 1 (13:52):
As always, I'm in a great mood. Happy to be alive,
happy to be here, Love my company, love my show,
love my audience. Ye, everybody else is grumpy today.
Speaker 2 (13:59):
Yeah, I've noticed that I don't understand. Maybe I should
do this Top five stories of the day.
Speaker 7 (14:03):
Grumpy, every move this great after the hours, just wake
it up. Biden dropped out and it can only be
called the vague Oval Office. Farewell, Mark Mayfield, He's here
with more.
Speaker 8 (14:20):
President Biden is addressing the nation for the first time
since his decision to drop out of the twenty twenty
four election.
Speaker 9 (14:26):
It's not about me. It's about you, your families, your futures.
Speaker 10 (14:32):
It's about we, the people. We can never forget that,
and I never have.
Speaker 4 (14:38):
Well.
Speaker 8 (14:38):
Speaking from the Oval Office yesterday, the President said the
best way forward for the country is to pass the
torch to a new generation. He said, now it's the
time for fresh and younger voices as he endorsed Vice
President Kamala Harris to be the Democratic nominee for president
and former President Trump is speaking for the first time
since President Biden ended his campaign for reelection. Speaking at
a rally in Charlotte, Trump called Biden the worst president
(15:00):
in the history of our country, saying he had decided
to endy spid for a second term because he was
losing so badly. He went on to say the Democratic
Party pushed Biden out, something he called undemocratic. Trump also
took seawn's Advice President Harris, saying she is much worse
than Biden and will destroy the country within a year.
Speaker 2 (15:17):
That's politics. Mark Mayfield, NBC News Radio. Can I be
honest without being perceived as mean? Sure, I and I'm weird.
I'll admit it.
Speaker 1 (15:26):
You put on forensic files, which should be troubling. Put
forensic files on. I fall asleep in five minutes. There's
something so comforting in a bizarre, weird way. Okay that
or thunderstorm sounds. Oh, but I am thaoroughly convinced. If
you take that thirteen minute speech of Joe Biden last
night and play it in bed, you won't have any
falling to sleep problems anymore. One of two people injured
(15:49):
in the attempted assassination of former President Donald Trump has
been released from the hospital. It's wonderful to have good
news in the morning, and Tammy Trehilo has this story.
Speaker 11 (15:57):
On Wednesday, Alleghany Health and Ounds, David Dutch had recovered
from his injuries and was discharged. Dutch was shot and
wounded in the assassination attempt during Trump's campaign rally in
Pennsylvania earlier this month. James Coppenhaber was also shot and injured,
but he remains hospitalized in serious condition. Former fire chief
Corey Comparatoy lost his life in the shooting. I'm Tammy Trihuillo.
Speaker 1 (16:19):
Do you have Joe Biden's speech, which clearly doesn't acknowledge
Republican's right to exist? In fact, if you don't vote
for a Democrat, democracy fails. Meanwhile, in the Middle East,
of course, the problem with the peace solution is the
Islamists don't recognize Israel's right to exist, and they invaded Israel,
and they took the hostages. And it says if Nancy
Pelosi forgot all of that. She claims bb Netanyahu's speech
(16:43):
was the worst presentation ever given by a former dignitary,
and added that the Israeli family she watched with are
asking for a ceasefire and want the hostages home. You
might want to take that up with Hamas. Meanwhile, all
the bust In paid for actors were outside protesting as well.
Speaker 2 (17:02):
Hi, It's Michael.
Speaker 1 (17:03):
Your morning show airs live five to eight am Central,
six to nine Eastern in great cities like Memphis, Tennessee, Telsa, Oklahoma, Sacramento, California.
We'd love to be a part of your morning routine,
but we're happier here now.
Speaker 2 (17:15):
Enjoy the podcast. Well, the stories are the President said goodbye.
It was a very vague speech.
Speaker 1 (17:21):
I don't know that it was a momentum building endorsement
of Kambala Harris or an admittance of any kind of
health issues that would prevent him from running for president.
He's not only not addressing can he complete the one
hundred days that are left, He's going to solve cancer
and everything else. We had a conversation earlier with White
(17:42):
House correspondent John Decker, and you know, you just can't
make this decision based on, Oh, I'm losing, so I'm out,
and I'm going to give all my delegates that people
awarded through votes to this person and orchestrate it. I
know one of the memes Elon Musk posted today, if
the DNC can replace Biden against voters' wishes, then they
(18:04):
were never about democracy. That's something they're going to have
to deal with in addition to some of the vulnerabilities
of their candidate. But you can't just take delegates that
were voted and secured and just hand them to somebody
any more than you can empty the bank account. At
that point, do we have a shadow campaign to save
(18:26):
the Democrat Party from Democrat primary voters like we had
a shadow campaign to save democracy from Donald Trump. Aaron
Rayl's joining us on just that topic. Vice President Harris
has raised a lot of money, over a hundred million dollars,
but she's also wanting to tap into about one hundred
million dollars that was given to Joe Biden and Kenshi. Aaron,
get us up to speed on where Kamalist stands financially pretty.
Speaker 6 (18:51):
Well, pretty well, so it since Sunday she's brought in
one hundred million dollars. We all know about that, and.
Speaker 4 (18:56):
That's exciting for her campaign.
Speaker 6 (18:58):
But it's on top of the one hundred and fifty
nine million that was in the Biden Harris joint fund
Raising Committee war chest. Now, Trump has filed this long
shot challenge his campaign to block Harris's campaign funds in
what was the joint Biden Harris warchest. So there was
a letter from his lawyers. It says Kamala Harris was
(19:19):
not actually a candidate for anything. Harris is in the
process of committee the largest campaign finance violation in American history. Now,
if you talk to any pretty much FEC, Federal Election
Commission Enforcement Division, or lawyers who are experts from this,
they say, point blank it's her money. She was on
the original statement of candidacy as a candidate when the
(19:40):
committee was registered, and it doesn't really matter that she
was the VP candidate.
Speaker 4 (19:44):
And it's likely one of the reasons.
Speaker 6 (19:46):
They chose her to replace Biden as opposed to Gretchen
Whitmer or a Gavin Newsom. Also, people had a lawn like,
very strong pulling numbers against Trump, but logistically and financially
it was so.
Speaker 4 (19:57):
Much easier just to go with So they were for this.
Speaker 6 (20:02):
Contest that was going to happen in terms of legal
ees and campaign finance, but they're not likely to win.
Speaker 1 (20:08):
I agree that that may be one of the reasons
why they chose her. I agree that it was Biden
Harris for president. I don't necessarily agree that there's a
unanimous FEC approval that the money belongs to her. In fact,
Sean Cooksy, who was the FEC chair, was on with
Laura Ingram days ago saying they never even approached us,
They never even asked permission. It would not be now subject.
(20:32):
We don't have a lot of legal authority. All we
can do is find them after the fact, to find
I'm sure they're willing to pay after an election, and
after that amount of money that they would gain, and
he encouraged. He said it would take a lawsuit from
someone with standing, either someone who gave to the campaign
or an opponent, either RFK, one of the other independents,
(20:54):
or Donald Trump. So I don't know how long shot
it is, but I do know it's not a unanimous
all the FBC agrees the money serves.
Speaker 4 (21:03):
Very true, very true.
Speaker 6 (21:04):
And listen, the Hair's campaign will now have a chance
to respond to Trump's challenge. They're going to go before
six commissioners of the FBC, and like you said, lately,
they're deadlocked by a partisan split. So it's not unanimous,
but it is part of it, which is nice, and
they decide whether or not to take up the challenge
and investigate the spending or then dismiss it. But from there,
(21:25):
the investigation or the dismissal, they're going to take their
own sweet time. And in the meantime, no funds are frozen,
so that means Haras can continue to spend right now,
will likely to spend her November. And also it's like
a spigot went off when she took this position over
from Biden. Essentially as the candidates they were going to
run against Trump because it's like just pent up money
(21:45):
just wanted to be spent. And now it's flying at
her one hundred million dollars in less than thirty six hours.
I mean, come on. So it's not like they're struggling
for fun. But yeah, it makes sense that they're going
to fight for them for sure.
Speaker 1 (21:57):
And I always remind the listeners it's not so much
as because I don't know that the ads are going
to get them anywhere, but it is about boots on
the ground and salaries in swing states and districts, and
getting people registered and getting them to the polls or
getting their mail in ballots to the post office. That's
where money will come in handy. And it's a significant amount,
(22:18):
there's no question about it.
Speaker 12 (22:20):
All right.
Speaker 1 (22:20):
Well, one of the problems they're going to have is
those that feel like that this process that's being ignored
is significant. Now we know Black Lives Matter feels that way,
we know Barack Obama feels that way. The question is
what percentage of the Democrats feel that way. As far
as independence, they're already leaning heavily towards Donald Trump. I
(22:40):
suspect they may buy into some of that narrative. Of
course Republicans will be selling that narrative. But so you
can get the money and you can get the delegates,
but you've got to still deal with that kind of
an impression in the name of you're the only one
that's representing democracy as you trample it. So I think
that's going to be the challenge for them that money
get them out.
Speaker 6 (23:00):
Of You're totally correct, and I love your opinion on
this because I think at like a higher level what
we're doing right now is kind of unfortunate. We're talking
about the legally surrounding buying an election, and you're like, oh, brother,
maybe if we took a beat and got some of
the money. Listen, there's also oh, by the way, just
give you a superpack. Then why are we even having
(23:21):
this discussion.
Speaker 4 (23:22):
It's over. So I think that it is it's unfortunate
that this.
Speaker 6 (23:26):
Is how it goes, but it is how it goes,
and it's.
Speaker 1 (23:30):
Not how it always It's not how it always went.
I mean, that's yeah, that's the problem. Things change in
twenty twenty. You take Joe Biden. First of all, you
control the media, so you control the narrative and you
create the narratives, You control social media, and so you
silence any opposing views. Then you weaponize COVID, change election laws,
(23:51):
beef up the mail in vote of what you control.
Speaker 2 (23:55):
This is them telling you what.
Speaker 1 (23:56):
They did in a February fifteenth article in Time magazine,
the shadow campaign to save the democracy. And you take
Joe and you hide him in a basement because he's
old and he represents you know, a lot of the
craziness and fighting will go away.
Speaker 2 (24:07):
Of course it didn't.
Speaker 1 (24:09):
And then you you implement him and hide him and
get him in the White House and someone else really
runs the presidency. That's not normal. Then you have him
run for reelection. He had plenty of time to step aside,
which was the plan. He doesn't. He secures over two
thousand delegates, hundreds of millions of dollars, and then his
(24:30):
party goes, you know what, you can't win, so we're
just going to erase everybody's vote, erase everybody's check, and
give it to this person. One was a shadow campaign
that hit him in a basement. The other one was
a shadow campaign that moved him aside. That's not the process.
I mean, what's really at stake is the primary process
and voters votes, and if they don't have a say
(24:52):
in the primary, they didn't ultimately have a say in
the general. Is the problem. So it is a big deal.
It's it's demock Christy itself that is being thwarted by
the very one that says.
Speaker 2 (25:03):
They're saving it. I think it's a big deal.
Speaker 1 (25:06):
And I think I think there's a portion of America
that will tragically ignore it if they think.
Speaker 2 (25:12):
It benefits them.
Speaker 1 (25:14):
But at the minute we all ignore it, we got
a bigger problem than candidates and policies were debating over.
Speaker 4 (25:21):
I think, Yeah, couldn't agree more.
Speaker 6 (25:23):
Listen, you're right, it is a big problem, and how
we move forward, And like you said, it didn't always
us to be like this, and it doesn't have to
be like this. There's no ball saying that it has
to be this much money in this and nor should it.
So how do we move forward from here?
Speaker 4 (25:38):
That's a bigger question.
Speaker 6 (25:39):
And maybe what I like, Miss merri six should be discussing.
Speaker 1 (25:42):
What I like, believe it or not, shockingly, is what
Barack Obama and Black Lives Matter is saying, Okay, you
don't think jo can win. Joe's now convinced by you
or forced out by you. Then let's start all over.
Let these delegates be released, let candidates come forward, let
them debate, let them know, and then let's go solve
it at a convention. In fact, we've solved many nominations
(26:04):
at a convention, and some very good ones at conventions.
I can think of Reagan and Bush, I can think
of Kennedy and Johnson, all solved at a convention. But
so far the party elite doesn't seem to be interested
in that. And that's why they're still waiting at Barack
Obama's endorsement, which I think will be big as time ticks. Aaron,
great reporting today. We'll talk again tomorrow. Take care, all
(26:26):
right if you're just waking out.
Speaker 2 (26:29):
Our top five stories of the day. First and foremost,
a Biden.
Speaker 1 (26:35):
Verbal visual dropping out to go along with his ex
dropout earlier in the week, Brian Shook as the end
of the road to the White House for Joe Biden.
Speaker 13 (26:45):
Road to the White House twenty twenty four. President Biden
addressed the nation Wednesday for the first time since his
decision to drop out of the twenty twenty four elections.
Speaker 9 (26:56):
About You, Your Families features It's about we the people.
Speaker 2 (27:04):
We can never forget.
Speaker 10 (27:04):
That, and I never have.
Speaker 13 (27:07):
While speaking from the Oval Office, the President said the
best way forward for the country is to pass the
torch to a new generation. He said now is the
time for fresh and younger voices as he endorsed Vice
President Kamala Harris to be the Democratic nominee for president.
Biden announced on Sunday he would exit the race in Washington.
(27:28):
I'm Brian Shook.
Speaker 1 (27:30):
Debates have turned into a wild wild West, so Kamala
is in now. Fox is proposing a debate between Harris
and Trump. Mark Mayfield has the details.
Speaker 8 (27:39):
The network has suggested the debate be held September the
seventeenth in Pennsylvania. Trump had been scheduled to fix President
Biden in a second debate on September the tenth, hosted
by ABC News before Biden decided to drop out of
the race. MoOx News Media has sent letters to both
campaigns about the proposed debate that would be moderated by
Brettmayer and Martha McCallum. Trump has said he's willing to
debate Harrison multiple times now that she is the presumptive
(28:02):
Democratic nominee for president.
Speaker 2 (28:04):
By Marknefield.
Speaker 1 (28:05):
Well, it was quite a scene yesterday BB Nett and
Yahoo I addressed a joint session of Congress. The former
speaker wasn't there, Nancy Pelosi. In fact, she said it
was a disgraceful speech, called for a ceasefire, and demanded
the hostages be released. As if it's Israel holding Americans
in Jews hostage, then you had all the paid protesters
bust in.
Speaker 2 (28:26):
Half of Democrat members of Congress boycotted the speech.
Speaker 1 (28:33):
Oh, the Democrats have an Israel problem, and Shapiro might
have a ticket problem. But BB Nutt, Yeah, who had
a clear message Probably the useful idiots that boycotted that
were members of Congress, but specifically to the useful idiots
outside that were bust in.
Speaker 12 (28:50):
For all we know, Yan is funding the anti usual
protests that are going on right now outside this building.
Not that many, but they're there and throughout the city. Well,
I have a message for these protesters. When the tyrants
of Tyran, who hang gaze from cranes and murdered women
(29:10):
for not covering their hair are praising, promoting, and funding you,
you have officially become Iran's useful idiots.
Speaker 1 (29:20):
One of many great moments for bb net and Yahoo,
and let's end with some good news. One of the
two injured in the attempted assassination of President Donald Trump
released from the hospital.
Speaker 2 (29:29):
Tammy Trehilo is here with more.
Speaker 11 (29:31):
On Wednesday, Alleghany Health announced David Dutch had recovered from
his injuries and was discharged. Dutch was shot and wounded
in the assassination attempt during Trump's campaign rally in Pennsylvania
earlier this month. James Coppenhaber was also shot and injured,
but he remains hospitalized in serious condition. Former fire chief
Corey Comparatore lost his life in the shooting. I'm Tammy
(29:52):
Trihillo in.
Speaker 1 (29:53):
Sports, d BACS, Guardians and Rangers, All one, Mariners, raised,
Nats and Cardinals loss birthdays. Matt LeBlanc from Friends is
fifty seven years old.
Speaker 2 (30:04):
Hew, you doing it there? I waited for it.
Speaker 1 (30:06):
NFL quarterback Bryce Young twenty three, Former vall and Saints
running back Alvin Kamaras twenty nine.
Speaker 5 (30:13):
I'm Joe Big in Tampa and my morning show is
your Morning show with Michael Bill Jorno.
Speaker 2 (30:19):
This is your morning show and the big story of
the day.
Speaker 1 (30:21):
The President from the Oval Office acknowledge he's leaving the race.
Speaker 2 (30:26):
It's not about me.
Speaker 9 (30:28):
It's about you, your families, your futures, It's.
Speaker 10 (30:33):
About we the people. We can never forget that, and
I never have.
Speaker 1 (30:39):
And that's why he's dropping out, getting all his delegates
and awesome money to Kylas. All Right, Rory O'Neil always
gets the final story with Rory Roy, you're for me
and my family, a lot of grace and a lot
of mercy. At the beginning of the speech, it's time
to see the president say goodbye. This is a personal
moment for the family in the Oval office. It's an
(31:00):
American historical moment. And my thought was, knock him dead.
You know it's over. You spent your whole life in politics.
Give your best speech. So I was there, and then
you know, it was all more of the same from
my perspective, in his exaggeration of his accomplishments, the ridiculousness
at the end of like a State of the Union,
(31:20):
I'm going to use my last one hundred days to
care cancer. I'm gonna use my last one of the
nan wars in fixi country. Well, if you could have
done that in the last hundred days, should have done
in the first no real explanation as to why he's
leaving or if he believes he still can't beat Donald
Trump and he's convinced of that. Not a real full
throated endorsement really, or any momentum it will create for
Kamala Harris.
Speaker 2 (31:39):
So what did he accomplish last night?
Speaker 5 (31:42):
Not much. I think it's largely forgettable, except for the
fact that it's only the fourth time he's given that
Oval office kind of speech. The last time was just
over a week ago after the shooting of Donald Trump,
so it's it's not something he does often. But I
think the speech essentially fell pretty flat. To your point,
sort of this laundry list of things I've done and
what I hope to do is almost a mini state
(32:04):
of the Union, certainly without applause interruptions. And I don't know.
I mean, he looked okay in terms of he had
whatever makeup artist had his tan on, but he still
didn't seem to have an awful lot of energy. There
didn't seem to be a lot of passion in what
he was saying. So I think overall it's going to
fall relatively flat.
Speaker 1 (32:24):
And if he was forced out, it looked like it,
no mention of his COVID, no mention of his health,
cognitive ability, no addressing is he capable of the next
one hundred days, which is a big question.
Speaker 2 (32:35):
If you're not capable of running, you're not capable of being.
Speaker 1 (32:38):
There was really none of that, And then there were
about three or four references to the democracy itself is
at stake and that's the only reason why he's passing
the torch to the next generation. Of course, this notion
that if you vote for a Republican or if you
are a Republican, you are somehow an enemy of the
state and democracy, which is the kind of rhetoric that
really needs to go.
Speaker 2 (32:58):
But so to me through and.
Speaker 7 (33:00):
At the end, the all were the United States of America,
there's nothing we can't do.
Speaker 1 (33:05):
I'll tell you one thing you can count on. He's
not going to be on the campaign trail with Kamala
and she's not going to have any proximity to him.
Speaker 5 (33:12):
Well, yeah, I think there'll be a couple of events,
and you know, at the convention there will be something,
but I don't think they're going to be seen.
Speaker 2 (33:19):
Together a lot.
Speaker 5 (33:20):
Because the contrast is also a pretty stark, uh, you know,
when you compare and contrast the two of them and
how they speak and how they deliver messages. You know,
Joe was also very soft spoken in last night's speech,
not a lot of force behind it. I realized he's
recovering from COVID, but still, yeah, I just didn't have
the oop behind that speech. At the same time, you
(33:42):
didn't sell it very well.
Speaker 2 (33:44):
Wasn't a farewell.
Speaker 1 (33:45):
It wasn't a passing of the torch as much as
if it was a getaway car speech.
Speaker 2 (33:49):
So it felt all right, So where do we go
from here?
Speaker 1 (33:52):
We said a long conversation with Aaron real about because
I had the FEC chair I watched on with Laura
Ingram say, and this is not necessarily a no brainer
of transfer. They haven't really even notified us or asked permission.
All we can do is find them later. It's going
to take a lawsuit. Now here comes one from the
Trump camp. But you know this just oh, we can't win.
So let's just endorse the back of the check and
(34:14):
give all the money to this one. And let's give
all the delegates and earned by someone else to this one.
You know, there is the state of the primary process
is certainly at stake, and it's taken two blows in
two presidential election cycles, that's for sure.
Speaker 5 (34:29):
Well, and it's also this realization that most Americans don't
understand how this works, you know. But yeah, it does
all come down to these party delegations and this is
who you're voting for. It's not a one to one vote,
you know that it does come down to these parties
and the delegates that they send to these conventions and
the rules that surround them. And those rules, by the way,
I wouldn't even say the written pencil to.
Speaker 2 (34:51):
The dryer rate and visible link. We're all in this together.
This is your Morning Show with Michael Hill.
Speaker 3 (34:58):
Joyo d stand in step to the
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