A lot of talk about Biden's drilling bans to sabotage Trump's energy plans. We ask economist and money wiz David Bahnsen how important energy production, refining and independence is to a healthy economy.
White House Correspondent JON DECKER will be covering the funeral of Jimmy Carter in Washington on Thursday.
Biden leaves office and is rated one of the least effective Presidents. Will time be even more unkind? Senior contributor from iVoters Dave Zanotti joins us to discuss the importance of the Presidency, the accuracy of these ratings and why the matter??
See omnystudio.com/listener for privacy information.
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Hi, It's Michael. Your morning show can be heard live
weekday mornings five to eight am, six to nine am
Eastern in great cities like Tampa, Florida, Youngstown, Ohio, and
Oklahoma City, Oklahoma. We'd love to join you on the
Drive to work live, but we're glad you're here now.
Enjoyed the podcast.
Speaker 2 (00:18):
Starting your morning off right. A new way of talk,
a new way of understanding because we're in this together.
This is your Morning Show with Michael del Johno.
Speaker 1 (00:31):
At least five people have been killed, more than one
hundred thousand under mandatory evacuation. Wins have calmed, they can
start fighting the fire from the air, but it's now
spread to five fires throughout southern California. President Biden back
in DC to eulogize Jimmy Carter, who will be laid
to rest. Welcome to Thursday, January, the ninth year of
(00:53):
Our Lord, twenty twenty five. On the airin streaming live
on your iHeartRadio app. This is your morning show and
I am Michael del Jornam. The other big stories is
the FED met in December and the minutes of the
meeting are now been released for everyone to see. They
expressed some concern about inflation and the impact of President
elect Trump's policies and what that could impact in terms
(01:15):
of reducing it. The policymakers said that they're going to
move slowly on interest rate cuts due to the uncertainty.
Minutes of the meeting showed Wednesday. The minutes included at
least four mentions about the impact that changes and immigration
and trade policy could have on the US economy. Now.
Also big in the news this week is Joe Biden
or whoever has really been running the country in the
(01:38):
Oval Office, doing a lot of things on their way
out the door, not the least of which is an
executive order and a ban on offshore drilling. And these
both of these discussions, policies and uncertainty and anticipation of that,
I wanted to kick around with our economist and money
with David Bonson, who joins us every Thursday. Let me
first say happy New Year. Couldn't have had last year
(01:59):
without you, wouldn't wanted to have this year without you,
And thank you for always finding time for our listeners.
Good morning, David, Morning Michael.
Speaker 3 (02:07):
That's so kind of you to say a happy New Year.
Wonderful to be with you.
Speaker 1 (02:11):
I do you know, we still haven't met. We've got
to take care of that in this new year. Let's
talk about you know, for me, I think energy production
often never discussed, refinement in building new refineries, and independence.
Independence actually can become an issue of national security. We
can of refined ourselves in a position where we're dependent
on enemies for our source of oil. Again, but from
(02:35):
an economic standpoint, as an economist, how important is energy
to this whole equation of inflation and cost of living
and a healthy economy.
Speaker 3 (02:46):
Well, energy is probably the most important issue when it
comes to cost of living and certain components of quality
of life. And one of the reasons for that is
it's the area that we are able to most take
for granted. In other words, like a field goal kicker,
you just don't think about it when everything is going well,
(03:10):
and then when something goes wrong all of a sudden,
it throws your life into disarray. And so it's very asymmetrical.
We take for granted that the heating works, that the
air conditioning works, that the electricity works, that we have
fuel that will get not only appliance is running, but
(03:30):
automobiles and airplanes and tractors working, and then if something
goes wrong, it pretty much shuts down our lives. So yeah,
I'd say energy is pretty important. And the ability to
put matter into motion and the way in which we
do that in a modern society is called energy. And
the things we do to constrict energy are insane when
(03:54):
they are done at a policy level, on a voluntary basis.
Speaker 1 (03:58):
Yeah, and then the levels. You know, there's many layers
to this. But obviously it costs me more to get
to work, so I have less money to pay bills. Obviously,
everything that I want to eat gets to the grocery
store by truck and fuel everything fast food restaurant I
pulling new they get their supplies, so it makes that
well go around as that well go around, so it
(04:18):
all builds upon each other. It is a priority. And
we did see an office. Now when you dig through
a lot of this band, some of these areas weren't
of interest to the oil companies. Some of them were irrelevant.
But the wording might be tricky and it might be hindering,
and it leads to uncertainty, and uncertainty is never a
good thing to the American people spoke pretty clearly about
(04:40):
their priorities and making politic tics of something so important
is a shame. What do you make of the Reserve minutes?
The FED meats and they're looking at these changes, and
I guess they're probably trying to sift through what narratives
in reality with tariffs and negotiations. What does your outlook
for this year and how does these the minutes from
(05:00):
the Fed impact your outlook?
Speaker 3 (05:03):
Well, the minutes of the Fed don't impact my outlook
at all. Obviously, there's nothing in there that they said
that we.
Speaker 1 (05:09):
Didn't already know.
Speaker 3 (05:11):
And yeah, and that you would expect they'd be talking
about if they're going to be casked by Congress with
being responsible for rate policy, then you would expect that
factoring into their equation would be all sorts of policy
discussion and price realities and potentials. It isn't like they said, well,
Trump's going to do sentence and a mess everything up,
(05:33):
So we think inflation's coming back, and so we shouldn't
be cutting rates. They did in the very meeting of
the minutes that you're describing cut rates, right, So they
obviously have a pretty sanguine view on worthings stand and
I think that they've been right for some time and
aught of the big pessimists have been wrong that you know, overall,
(05:54):
they tightened monetary policy substantial the last couple of years.
I think they went too quickly and tightening and went
too tight. But regardless, the economy did not go and
do a recession, which you normally would expect. Now I
don't look at it. I see they really just finally
tuned this and they figured out the exact spot. I
(06:15):
think they get lucky, and no one wants to talk
about that reality. We want to assume that there's a
deity like central bank that knows exactly when to press
harder and when to pull back. And that's the insanity
of this and the right over the last couple of years,
in trying to put all the blame of inflation on
governmental entities, walked into the trap that I was so
(06:37):
afraid of. Now they get to give them the credit
for these things, and both are totally fallacious.
Speaker 1 (06:45):
Call a banker today and ask if you would be
smart to lock in at nine and a half percent
a second mortgage or go with a helock, and watch
how quickly you're pointed towards the helock. Because everybody knows
the interest rates are going to continue to come down.
David bonson Our Money was his joining us. If drilling
is a priority, refining is a priority, energy independence is
a priority, if you get the tax cuts solidified, the
(07:09):
regulations lessoned. We're looking at what could be a pretty
good year ahead, right I mean as far as doing
like a year preview, yes.
Speaker 3 (07:19):
And so you know what, I've written a twenty page
white paper, a year behind recap and a year ahead forecast.
I want a live well I'm going to send it
to you the second we get off the phone here,
but I'm going to tell listeners that it'll go up
tomorrow free at Dividendcafe dot com. Dividendcafe dot com. And
(07:40):
I've written this every year for years and years, including
back when I was a managing director at Morgan Stanley.
And and you know, one of the things I talk
about in the year Ahead projection is the tension that
exists between an economy that's going pretty well and high
valuations in the market and the limited source of things
(08:02):
that are going well. You know, productivities come up, capital goods,
investment looks pretty good, but manufacturing has still been on
the decline. That showing signs of improving but it hasn't
gone positive yet. The labor market has stayed pretty pretty constructive.
I expect that to continue, and so you have long
term issues not being addressed, the indebted issue, and I
(08:25):
talk about all the time. But then short term, do
I think Trump two point zero is going to be
successful in getting some tax reform done? I absolutely do.
Do I think it's going to happen in the first
sixty days. No, I don't. So you're going to get
a little uncertainty. Is this, you know, the debate over
one reconciliation bill or two reconciliation bills. I think most
people their eyes glaze over. They don't have any idea
(08:46):
what we're talking about. And senatorial protocols don't mean anything
to anyone, and I get it. But there's a big
difference between them ending up doing a second reconciliation that
covers tax that doesn't pass until November, or getting a
big bill done that includes tax as soon as April,
but probably closer to June July. I don't want this
(09:10):
thing dragging out, Michael to the end of the year.
Speaker 1 (09:12):
No. I love that. The political The political dilemma is
if you try to do it all in one big,
beautiful bill. You open the door for pages and pages
and opposition. The American people are very clear, mandate clear
on secure the border, stop the bleeding, deport anybody that's
committed crimes beyond the crime of breaking in, and then
(09:33):
getting onto the permanent tax cuts and lessing the regulations
and stimulating the economy. I think if they split them up,
I think you're likely to get the border first, obviously
in the first one hundred days. But yes, to your point,
we don't want to wait that much longer for the
economic to kick in. Not if twenty five is going
to be the irritating issue.
Speaker 3 (09:52):
The issue there, The issue there is the source of
the debate between Senate Majority Leader John Thune and Speaker
of the House Mike Johnson, is that you do not
need a reconciliation bill to deliver on the campaign promise
about deporting criminals. So there are some things on border
and immigration that will require reconciliation, and they will get
(10:15):
that done quicker and it will pass. That's true, that's
an advantage for one bill, but then you really leave
yourself vulnerable when you're not going to have immigration to
tether to the tax side for a lot of other
folks that then you don't necessarily get their vote where
they're going to have to vote on one big bill.
So the politics are messy, but I believe that they're
(10:39):
going to sort through it. I just don't want people
to think this is going to be easy. I'm a
Republican conservative, but these Republicans have not shown a great
ability to government.
Speaker 1 (10:48):
No, And that's why I'm not a Republican anymore. I
am a United States American citizen who has watched one
party with a wrong worldview, wrong policy views, dead said
on making it a reality and it's a constant failure,
and the other that doesn't have the strength to delive
its own platform. All right, main thing is your white
paper on twenty twenty four of the year in review
and your outlook for the economy in twenty twenty five.
(11:11):
People can find that at Dividendcafe dot com starting tomorrow.
That is a page turner and a must read. As always,
our pleasure. Thanks for joining us, David Bonson with the
Bonson Financial Group. We'll talk again next week or sooner
if conditions warrant. God bless you, my friend. Happy New Year,
Happy to hear.
Speaker 2 (11:28):
It's your morning Show with Michael del Journo.
Speaker 1 (11:33):
Thanks for waking up with your morning show on the
air and streaming live on your iHeartRadio app. I'm Michael
del journal Welcome to Thursday, the ninth of January. Pretty
easy to set the table this morning. Out of control fires,
five of them. We are to five fires, twenty seven
thousand acres, one hundred thousand people in an evacuation zone,
(11:53):
and already a lot of questions as to what local
leaders have done to poorly prepare for such a perfect storm.
So the question becomes a simple perfect storm or failed
ideology and governance. And you would think it's too soon
to have such conversations, but they've already begun. John Decker,
(12:15):
of course, is keeping an eye on the Jimmy Carter funeral. Today,
the body of the thirty ninth President will make its
way from the Rotunda to the National Cathedral. The eulogy
will be done by the President of the United States,
who just returned from a fiery Los Angeles Joe Biden.
John Decker's here with all the preview and details. Good morning, John, Hey,
(12:35):
good morning.
Speaker 4 (12:36):
That's one of the eulogies that we'll hear from this morning.
President Joe Biden. But another eulogy, which is pretty interesting,
will be the son of former President Gerald Ford. Steve
Ford will deliver a eulogy on behalf of his late father,
and Ted Mondale will deliver a eulogy on behalf of
his late father, Walter Mondale, who served as vice president
(12:58):
to Jimmy Carter. I think gets pretty remarkable. And after
the presidential election of nineteen seventy six, President Ford and
Jimmy Carter actually developed a very strong bond with each other,
a strong relationship, and we're going to hear that in
that eulogy that will be delivered in a few hours
this morning.
Speaker 1 (13:15):
We've seen the passing by the way. We joke about
this on the air, but it is true. Decker and
I text back and forth. I'm usually in front of
a television. We're both very very respectful of the office
of the presidency and our republic and our history. And
so he's standing there while it's happened, I'm watching it
on TV. And so when the remains of President Carter
(13:38):
arrived at the rotunda, I mean they arrived on the
carriage to carry the body of Abraham Lincoln and John F.
Kennedy I mean, I would have stared at that for
about ten hours, and he's there and we're going back
and forth. But we were both taken by thun the
Leader of the Senate, the Speaker of the House, and
then the Vice President, the bipartisan remembrances of Jim Carter
(14:00):
in the rotunda, that there were efforts made to honor
this man, regardless of party. It was very refreshing to
hear nobody was making a political football out of him.
And I guess we'll hold our breath that that is
the case again today, because the remarkable life of Jimmy
Carter is not necessarily the political opinion of his presidency
that most usually in every poll is towards the bottom.
(14:23):
But when it comes to the mark of a man
of faith and living his faith, he ranks very high.
I hope that comes through in the and today, I
guess is what I'm saying.
Speaker 4 (14:33):
Oh, I think it will come through. We're going to
hear also from one of his closest aids during his
time as governor of the State of Georgia, but also
a close aid of Jimmy Carter during his time as president,
and that's Stuart Eisenstett. You will deliver one of the
eulogies this morning, and I think that human aspect of
(14:55):
Jimmy Carter will come through in the eulogy that we hear.
I don't think anybody knew him better than Stuart Eisenstatt.
You aside from this family.
Speaker 1 (15:03):
Give us times on all of this, and I'm sure
most of the hope, I hope Fox doesn't make the
mistake of cutting away as they did with the Rotunda ceremony.
But roughly what time will the ceremonies be, The procession
from the capital to the cathedral that will take some time.
When is all of this slated?
Speaker 4 (15:21):
Well, the actual service for President Carter will take place
at ten a m. Eastern time, nine a m. Central.
Of course, it takes time for the casket to be
brought from the Capital up to the National Cathedral, So
I would imagine coverage will begin within a half hour
(15:42):
on some of your cable news stations that you might
be watching.
Speaker 1 (15:45):
And as always I'll be watching. You'll be there living it.
John Decker, White House Correspondent, Thanks for joining us. We'll
talk about it more tomorrow, all right. Thirty minutes after
that we'll take a break for your local news, and
we're going to come back and we're going to visit
with David Sonati. I don't know if it's Joe Biden
or whoever's been running this Oval office. I suspect it's
John Podesta. They're making a lot of moves on the
(16:07):
way out the door, you know, some of them with
pardons and commutations and sending terrorists from Gitmo back to
the Middle East, and crop probably the one that made
the biggest bang, the banning of drilling. We'll talk to
David Sonati a little bit about the ignoring of the
American people's voice during the election that cost them the election,
and ignoring it on the way out the door, what
(16:28):
could that cost them? Next? When your morning show continues next,
stay with us.
Speaker 3 (16:34):
Hi. My name is fern Aaron and my morning show
is your Morning Show with Michael del Jorno.
Speaker 1 (16:47):
Hey, it's me Michael. Your Morning show can be heard
live five to eight am Central, six to nine Eastern
and great cities like Jackson, Mississippi, Akron, Ohio, or Columbus, Georgia.
We'd love to be a part of your morning routine
and we're grateful you're here.
Speaker 4 (17:00):
Now.
Speaker 1 (17:00):
Enjoy the podcast. We're on the air coast to coast,
dreaming live on your iHeartRadio app on demand everywhere at
any time in the podcast section. Just search your Morning
Shore Michael del Jorno. Don't forget when you find it
to hit subscribe. That way, it's waiting for you every morning,
by segment or by hour for you to enjoy. And
we have a new revamped iHeart app. It looks like
(17:21):
an old fashioned radio now, so don't forget to give
us a place on the pre set. If we're sitting
at America's kitchen table, it's a pretty easy table to
set up for you. If you were looking at a paper,
you would see the Associated Press headline Biden cancels trip
to Italy meant for a foreign visit because of the
fires raging in California. Fox headline would be Palisades Fire,
(17:42):
Billy Crystal's home of forty six years destroyed, as a
long list of celebrities flee their ritzy neighborhoods. NBC's headline
would be California wildfire update, five dead now over one
hundred thousand fourth to flee. We didn't. We probably not
gonna get a chance to this, but the table is
set for dough Oh. A Rasmusen poll of plenty shows
(18:04):
that that's what the American people want. The American people
have figured out we've got a spending problem and it's
paying a role in cost of living, and they want
these cuts to happen. We, you know, kind of view
it like a one of those little red beams of light,
like when you're robbing a bank and you can't trip
it or the alarm goes off. We got to be
(18:24):
very careful talking about this, but you brought up something
that someone said to you off the air, Jeffrey, you
might want to share that with the audience, but be
very quiet when you do it, because you could trip.
I'll explain. But you you were mentioning that your friend
couldn't believe that I was sick. Yeah, he said, he said.
I said, Michael, say very lightly because you could trip
(18:44):
the alarm.
Speaker 3 (18:45):
Right, But he said, you know, you're very sick.
Speaker 1 (18:47):
I said, very sick. And he was like, man, we
can't even tell that he's sick because he sounds he
sounds great. You did good to not trip the alarm.
Because David was saying, he said, in the last time
we were together, he goes by the way, you can't
tell you sick, which was very reassuring to hear, because
it's different when you can see how sick I am
and you can see me choking and how often see
(19:09):
I tripped it there. You gotta be careful.
Speaker 3 (19:11):
You gotta be getting to stop whining and I get
to stop whining.
Speaker 1 (19:14):
Pizza boy from Brian. Uh by the way, speaking of
Brian and our listeners, I want to go to Akron.
Do we still have Tom from Akron? Yeah, let's hear.
Tom had a great comment during the break.
Speaker 5 (19:27):
ABC had a piece where the spokesperson for the La
Fire Department was upset with those pesky homeowners who are
actually using their own garden hoses to try to save
their homes. She says, they're to blame for why we
don't have water for the firemen in their hoses. Doesn't
that just define the left? The state will protect you,
don't worry, but don't you dare try to protect yourself.
(19:51):
They own this.
Speaker 1 (19:52):
Yeah, there's from forestry to water flow, to preparations to
budget cuts. A mayor who sought twenty four million dollars
of budget cuts to the fire department got seventeen to
take the money and use for homelessness that may turn
out to be the cause of this, the beginning of
the fires, and then half that money to even flowed
(20:13):
the homelessness. I mean, what a political firestorm in the
midst of an ongoing fire in southern California. David Sina
he's joining us from Eye Voters in the American Policy
Round w He's also one of our senior contributors. And
I was setting up earlier. I don't think it's Joe Biden.
I think it's probably John Podesta. But whoever's running the
administrative state from the Oval Office in the name of
(20:34):
Joe Biden, they're doing a lot of things on their
way out the door. The commutations, I want to dust
out with you a little bit. There were two that
refused them because they're fighting for their innocence and it
would affect their trial. That shows you how little vetting
was done in these political commutations. But you had eleven
terrorists sent from get Moo back to the Middle East.
And then what got the most attention was the executive
(20:56):
order to ban offshore drilling. The left ignored the voice
of the American people in the election and a cost
in the election. Doing these kinds of spiteful things on
the way out the door and ignoring the will of
the American people. What might be the next price they pay, David.
Speaker 6 (21:11):
Well, obviously, it will just make the job a little
bit harder. It's just political nastiness. It's worldview manifesting itself
and vengeance and it doesn't wear well and it won't last,
so it'll it'll be harder up the hill.
Speaker 1 (21:26):
We all know that.
Speaker 6 (21:27):
To get to these changes, and it's it's significant because
what you're going to see from Chuck Schumer and Speaker
Jeffries and or excuse me, and Minority Leader Jeffries and others,
and the House is and of course already with the
corrupt Associated press leading the way, you're going to see
an opposition in a resistance and it's going to be real.
(21:48):
It's going to be a very hard, hard job. But
the difference is, Michael, if we can have the courage
to take a twelve year view, not a two year view,
and understand it's never going to be easy and just
keep going, the momentum of truth and the discovery of
reality is on our side. That's what this renewal is
all about. And sadly and tragically, tragically. What's going on
(22:11):
in California is one more example of it.
Speaker 1 (22:13):
Really is well. I always say death of journalism. It's
now decomposition of journalism. Yeah, it's dead and decomposing in
a casket. And that was relevant in twenty twenty four,
the left played legacy mainstream media and it had no ratings,
It has no revenue, it has no influence. Everything moved
to digital what's interesting, and I think they better avoid this.
(22:36):
People like Joe Rogan, you know, Megan, Kelly, Tucker Carlson
and others won't, but Joe Rogan in particular ought to.
Don't get sucked as talk radio got sucked into divisive
US versus Them politics, or you'll become as irrelevant as
they did in mainstream media. But you know that kind
of ignoring we often used to talk about. In fact,
(22:57):
one of our first meetings ever, I think you'll remember,
we were in your kitchen and you had your big
whiteboard up and you start breaking down because we were
thinking at the time we were in talk radio. We
talk about every day that the American people pay attention
the way we do and they don't a small portion
of them to do, and we get a large portion
of them as an audience, and we think all Americans
are that way. No, most Americans don't pay attention to
(23:17):
politics till days weeks at the most before an election.
When do they stop paying attention? Because I would think
as this transition is going on, these going out the
door games they're playing or blocking games. Once the new
Congress is sworn in, that could really backfire. I mean,
they can have as much as Donald Trump needs to
make his first hundred days count, they could really make
(23:39):
the first hundred days blow up in their face for
the midterm as well, couldn't they.
Speaker 6 (23:43):
Yeah, it's going to be a very interesting dynamic watching
this race into the first two years, and the first
the next two years will determine the next twelve years.
That's the reality and the direction of them. The political momentum, Michael,
is hard to get back in two ways. One, if
you're in a political party and you've candidates and races
and you're running in an election, when you lose momentum,
it's really hard to get back. But it's also true
(24:05):
in regards to issues. In regards to interest, I think
that this new administration will maintain interest for about one
hundred days, and then people will busily move on to
other things unless circumstances prevail and change all that.
Speaker 1 (24:20):
One thing you know is on their mind. They want
that border, they want the bleeding stop. Secure that border,
whether it's technology, whether it's troops, whether it's rebuilding the wall,
stop the inflow, deport anybody that's committed a crime, after
committing the crime of breaking in that they want immediately.
They want the tax cut solidified, they want the economy
and cost of living broad down, and they want energy.
They better be careful the games they play to block
(24:41):
all that, because there's a short window where all will
be paying attention. And I think this Floorida is going
to change that. I think that window is going to
be a lot stronger and stay open a lot longer
because of that failure. That's going to become real dollars,
life and death and cens that the Left is going
to see because when you see the budget cut, you
see the forestry and water water decisions for wokeness that
(25:04):
created this vulnerability because it was always a proclivity. This
could lead to a much bigger reawakening within the Democrat
Party that's going to be shifting quickly into a war
in and of itself right with the far left, because
the Justice Democrats still want to take over that party.
Speaker 6 (25:20):
The problem for the utopians is they don't have another
worldview to shift to, and they haven't done very well
with their utopian point of view.
Speaker 7 (25:27):
What don't mean by that?
Speaker 6 (25:28):
I mean people who deny reality and claim politics solves
everything and if you don't agree with us, then you're
the devil that's been that sort of we can perfect culture,
and if you're disagreeing or even asking questions, you're just
getting in the way.
Speaker 7 (25:41):
So the.
Speaker 6 (25:43):
Challenge is between utopian thinking and reality. It doesn't even
have to involve religion or geopolitics or partisanship.
Speaker 1 (25:53):
It's about reality.
Speaker 6 (25:55):
So I give you an example, if you'll let me
just just I got to get this lemon and story
from Chick fil A in on this conversation, Okay, I
sent it to you this morning. It's kind of like
the antithesis of everything we were talking about. The world's
burning down, and Chick fil a headline news is Chick
fil A's lemon cutting robots are cutting ten thousand hours
of labor. Is the headline story that will be completely
(26:15):
missed by everybody it's a perfect example of everything we've
talked about this morning. Chick fil A for years has
been very successful with their lemonade product, big big hit. Well,
somebody's got to squeeze all those lemons. So they've had
a big factory out in California where they squeezed all
the lemons. Well, when California went to seventeen dollars an
hour mandatory minimum wage, and the utopian said, we're going
to tell you what you're going to pay everyone because
(26:37):
we don't want minimum wage, we want living wage, so
we're going to force.
Speaker 1 (26:42):
You to do that.
Speaker 7 (26:42):
Then Chick fil A decided they'd build a costco size,
brand new factory that's completely robotized, and they saved ten
thousand dollars ten thousand hours per day in labor now
with robots squeezing the lemons, and they've created additional revenue source.
Speaker 1 (26:58):
By the way, this is not a utopian lesson be
learned again. We saw this in the state of Washington.
They increased it. The arguments were ridiculous, and it's what
you're saying, you can't raise a family of four on
minimum wage. You shouldn't be trying to minimum wage is
an entrance. My first job was WTIX in New Orleans.
I made four dollars an hour. I make hundreds of
thousands of dollars today. If you to have replaced that
(27:20):
minimum wage open door opportunity, I wouldn't have had this
job today. So it was never intended to support a family.
It's an entry level position. And if you're still making
minimum wage six months later, pick a different profession. You
must not be very good at it. But what would
we find, Well, McDonald's replaced the hourly wage employees with kiosks.
That's number one. Number two for those that did get
(27:43):
the increase, they wanted to work half as much time
so they could still qualify for their other freebies. So
they weren't wanting the money, they just worked less. I mean,
this is a failure we see over and over again,
and you just get replaced and their.
Speaker 6 (27:58):
Artificial hand of government, and it's always forgotten.
Speaker 1 (28:02):
It's always always forgot and re argued. I don't think
they're gonna got away with that with the fire, because
there's going to be hundreds of thousands of acres, billions
of dollars and really high profile people and insurance companies
that are going to want some answers when we come back.
I want to close with the presidential rankings. Joe Biden
will go down as one of He's right there at
(28:24):
the bottom of Richard Dixon right now as one of
the worst presidents. I think time will be unkind to
him and it'll actually be seen more as never was
actually president when time continues. But time has been kind
to others like Jimmy Carter and Donald Trump. Why do
these things matter? Does the presidency still matter? When your
morning show continues?
Speaker 2 (28:43):
Next, this is your Morning Show with Michael del Trono.
Speaker 1 (28:49):
Welcome to Thursday, January the ninth year of Our Lord,
twenty twenty five. On the air and streaming live on
your iHeartRadio app. This is your morning Show. I'm Michael
del Jerono. At least five people have been killed one
hundred thousand under mandatory evacuation. The winds are down, the
fight against the fires in the Los Angeles area can resume.
From the air. President Biden has made his way back
(29:09):
to Washington, d C. Jimmy Carter will begin the procession
from the Capitol to the National Cathedral for his presidential
state funeral today, and we're visiting with David Zonadi about
some of the spiteful actions at the end of the
Biden administration, and David I just wanted to kind of
come full circle and end the show and remind people
I don't know what's become of the presidency. I don't
(29:32):
worship as many do the presidency. I value the House
and the Senate and the Congress the most, as our
constitution does. But the presidency does matter and how we
remember presidents and history eventually gets it right. There's a
narrative from the left that Joe Biden was this extraordinary president.
(29:52):
There's this sense that he never was president or cognitively able.
He leaves office at the bottom with Richard Nixon, and
then the question becomes, well, how will time serve him.
Jimmy Carter, for example, he left office with a minus
thirty two negative rating. He's at positive six being buried today.
(30:14):
So time was kind to Jimmy Carter. We forget some
of the national and domestic mistakes he made in favor
of the good Man. That's how he lived his post presidency.
Bill Clinton are giving an example, left office plus twenty five,
today's plus five. Time has not been good to Bill Clinton.
Here's one that'll blow your mind. Donald Trump left office
after his first term with all the accusations at minus
(30:35):
thirty two. He enters his second term at minus four.
Time has been very good to Donald Trump. What do
you make of these ratings and why are they important?
Speaker 6 (30:44):
Well, in the situation with Carter, you only had one term,
and if George W. Bush it only had one term,
he would have come out a much higher rating. Part
of it is that two term presidents don't do well.
Second term of the American presidency is usually a four months.
Speaker 1 (31:01):
Could be different, though with a four year in between.
Speaker 6 (31:04):
This is completely different. This is the second first term.
This isn't a second term. Uh. And because you're coming
with a whole new cast of people, you're it's a
completely different scenario that in and of itself ought to
keep it.
Speaker 1 (31:14):
Unless you have COVID, unless you have him trusting and
believing an idiot like Fauci, he ain't going to make
any mistakes this time. He's going to make America great
again and leave it great. Time is going to be
very kind to Donald Trump.
Speaker 6 (31:25):
Well, and look, you're sick, and I don't like to
nippick in any way, shape or for him, but Donald
Trump's not going to make America great.
Speaker 1 (31:31):
We are well, but that was his campaign and then
the result will be that you'll get the grind.
Speaker 6 (31:36):
But but so something you need to say it every
now and then. Somebody just every now and then needs.
Speaker 1 (31:40):
To add for that. I don't lower my mic to
blow my nose, now, dare you when you can see
how sick I am not for this one. No, I'm
glad you did that before, say trip to the wire. No,
but that these are conversations that we are nitpicky about
off the year because I don't want people putting their
faith under God, not Donald Trump. But Donald Trump has
(32:03):
been enough of a force, a disruptive force to changing
the direction.
Speaker 6 (32:09):
Yeah, to awaken that and change big deal, Michael. That
cannot be underestimated. But again, the next two years will
determine the next twelve. We can't say it enough.
Speaker 1 (32:18):
Yeah, but these things matter, and Red and I are
fascinated how time affects up by the way, if this
is why and you featured in nineteen seventy three Christmas
in America secretariat who I thought was the greatest athlete
who ever lived. I can't help it was a horse.
But you know, to win the Kentucky Derby, then to
come back and win the sprint of the Preakness, and
then the marathon of the Belmont, and he was a
(32:39):
speed horse, and then he won the length thirty one lens.
Come on, I've never seen anything like that. Right under that,
I guess would be the miracle in nineteen eighty with
the US sending a bunch of college kids to beat
the Soviet Union. But there's John F. Kennedy, Ronald Reagan,
and then there's everybody else. I mean, nobody even compares.
Could Donald Trump get to such a level if his
(33:02):
second term goes well, It's possible.
Speaker 7 (33:04):
It would take a miracle of God.
Speaker 6 (33:05):
But it's possible because of the team he's putting into play.
And if the Republican in the House and the Senate
can wake up and get out of their own ways
and try to solve problems for the next forty eight months,
they have a very potentially bright future because people are
willing to look for solutions. The whole key, Michael, will
be truth telling. The reason we are where we are
(33:28):
is because people are tired of being lied to for
COVID and then the entire Biden administration truth telling me
the answer.
Speaker 1 (33:35):
And I think avoiding fights and continual campaigning, just get
in and lead. You were giving a mandate's victory. Do
you think this stuff about, you know, sending out pictures
of the United States, Canada and Greenland all combined in
the Gulf of America. You like it or do you
(33:56):
think it's love it?
Speaker 6 (33:57):
I love it because it's the first time one has
actually said, excuse me, we can be.
Speaker 7 (34:02):
Growing an influence in the world. We don't have to
be perpetually navel.
Speaker 6 (34:07):
Gazing and accusing ourselves of being unable to solve problems.
Speaker 7 (34:11):
I like the forward thinking.
Speaker 6 (34:13):
Now it's probably not going anywhere, but it's an interesting
refreshing point of view.
Speaker 1 (34:17):
Well, you know, in true confession, if I had maybe
we do this show together. But I really needed today
a I didn't have enough oxygen. I couldn't breathe, and
I felt uncomfortable. I don't think while fires are raging
and people are losing homes and lives, but I do
think some of the you know, when Gavin Newsom starts
saying Donald Trump's trying to make this political, as they're
making it political with global warming and other things in
(34:39):
victim mentality, but I really needed your assurance that today
is a good day to talk about these budget cuts
and these fires and how you have to be prepared
for these. And they put DEI and homelessness above the
protection of their people, and that's why they're on fire today.
And they get their eye off the ball. They got
their eye off the ball, and hey, it matters who
(35:01):
we elect and what they do.
Speaker 7 (35:02):
Michael, can I give you one other thought?
Speaker 1 (35:04):
No, because we're down to four seconds, three two one.
I'll see everybody in the morning five aear Central.
Speaker 3 (35:08):
Bye.
Speaker 2 (35:08):
We're all in this together. This is your Morning Show
with Michael del Joano.
Hi, It's Michael. Your morning show can be heard live
weekday mornings five to eight am, six to nine am
Eastern in great cities like Tampa, Florida, Youngstown, Ohio, and
Oklahoma City, Oklahoma. We'd love to join you on the
Drive to work live, but we're glad you're here now.
Enjoyed the podcast.
Speaker 2 (00:18):
Starting your morning off right. A new way of talk,
a new way of understanding because we're in this together.
This is your Morning Show with Michael del Johno.
Speaker 1 (00:31):
At least five people have been killed, more than one
hundred thousand under mandatory evacuation. Wins have calmed, they can
start fighting the fire from the air, but it's now
spread to five fires throughout southern California. President Biden back
in DC to eulogize Jimmy Carter, who will be laid
to rest. Welcome to Thursday, January, the ninth year of
(00:53):
Our Lord, twenty twenty five. On the airin streaming live
on your iHeartRadio app. This is your morning show and
I am Michael del Jornam. The other big stories is
the FED met in December and the minutes of the
meeting are now been released for everyone to see. They
expressed some concern about inflation and the impact of President
elect Trump's policies and what that could impact in terms
(01:15):
of reducing it. The policymakers said that they're going to
move slowly on interest rate cuts due to the uncertainty.
Minutes of the meeting showed Wednesday. The minutes included at
least four mentions about the impact that changes and immigration
and trade policy could have on the US economy. Now.
Also big in the news this week is Joe Biden
or whoever has really been running the country in the
(01:38):
Oval Office, doing a lot of things on their way
out the door, not the least of which is an
executive order and a ban on offshore drilling. And these
both of these discussions, policies and uncertainty and anticipation of that,
I wanted to kick around with our economist and money
with David Bonson, who joins us every Thursday. Let me
first say happy New Year. Couldn't have had last year
(01:59):
without you, wouldn't wanted to have this year without you,
And thank you for always finding time for our listeners.
Good morning, David, Morning Michael.
Speaker 3 (02:07):
That's so kind of you to say a happy New Year.
Wonderful to be with you.
Speaker 1 (02:11):
I do you know, we still haven't met. We've got
to take care of that in this new year. Let's
talk about you know, for me, I think energy production
often never discussed, refinement in building new refineries, and independence.
Independence actually can become an issue of national security. We
can of refined ourselves in a position where we're dependent
on enemies for our source of oil. Again, but from
(02:35):
an economic standpoint, as an economist, how important is energy
to this whole equation of inflation and cost of living
and a healthy economy.
Speaker 3 (02:46):
Well, energy is probably the most important issue when it
comes to cost of living and certain components of quality
of life. And one of the reasons for that is
it's the area that we are able to most take
for granted. In other words, like a field goal kicker,
you just don't think about it when everything is going well,
(03:10):
and then when something goes wrong all of a sudden,
it throws your life into disarray. And so it's very asymmetrical.
We take for granted that the heating works, that the
air conditioning works, that the electricity works, that we have
fuel that will get not only appliance is running, but
(03:30):
automobiles and airplanes and tractors working, and then if something
goes wrong, it pretty much shuts down our lives. So yeah,
I'd say energy is pretty important. And the ability to
put matter into motion and the way in which we
do that in a modern society is called energy. And
the things we do to constrict energy are insane when
(03:54):
they are done at a policy level, on a voluntary basis.
Speaker 1 (03:58):
Yeah, and then the levels. You know, there's many layers
to this. But obviously it costs me more to get
to work, so I have less money to pay bills. Obviously,
everything that I want to eat gets to the grocery
store by truck and fuel everything fast food restaurant I
pulling new they get their supplies, so it makes that
well go around as that well go around, so it
(04:18):
all builds upon each other. It is a priority. And
we did see an office. Now when you dig through
a lot of this band, some of these areas weren't
of interest to the oil companies. Some of them were irrelevant.
But the wording might be tricky and it might be hindering,
and it leads to uncertainty, and uncertainty is never a
good thing to the American people spoke pretty clearly about
(04:40):
their priorities and making politic tics of something so important
is a shame. What do you make of the Reserve minutes?
The FED meats and they're looking at these changes, and
I guess they're probably trying to sift through what narratives
in reality with tariffs and negotiations. What does your outlook
for this year and how does these the minutes from
(05:00):
the Fed impact your outlook?
Speaker 3 (05:03):
Well, the minutes of the Fed don't impact my outlook
at all. Obviously, there's nothing in there that they said
that we.
Speaker 1 (05:09):
Didn't already know.
Speaker 3 (05:11):
And yeah, and that you would expect they'd be talking
about if they're going to be casked by Congress with
being responsible for rate policy, then you would expect that
factoring into their equation would be all sorts of policy
discussion and price realities and potentials. It isn't like they said, well,
Trump's going to do sentence and a mess everything up,
(05:33):
So we think inflation's coming back, and so we shouldn't
be cutting rates. They did in the very meeting of
the minutes that you're describing cut rates, right, So they
obviously have a pretty sanguine view on worthings stand and
I think that they've been right for some time and
aught of the big pessimists have been wrong that you know, overall,
(05:54):
they tightened monetary policy substantial the last couple of years.
I think they went too quickly and tightening and went
too tight. But regardless, the economy did not go and
do a recession, which you normally would expect. Now I
don't look at it. I see they really just finally
tuned this and they figured out the exact spot. I
(06:15):
think they get lucky, and no one wants to talk
about that reality. We want to assume that there's a
deity like central bank that knows exactly when to press
harder and when to pull back. And that's the insanity
of this and the right over the last couple of years,
in trying to put all the blame of inflation on
governmental entities, walked into the trap that I was so
(06:37):
afraid of. Now they get to give them the credit
for these things, and both are totally fallacious.
Speaker 1 (06:45):
Call a banker today and ask if you would be
smart to lock in at nine and a half percent
a second mortgage or go with a helock, and watch
how quickly you're pointed towards the helock. Because everybody knows
the interest rates are going to continue to come down.
David bonson Our Money was his joining us. If drilling
is a priority, refining is a priority, energy independence is
a priority, if you get the tax cuts solidified, the
(07:09):
regulations lessoned. We're looking at what could be a pretty
good year ahead, right I mean as far as doing
like a year preview, yes.
Speaker 3 (07:19):
And so you know what, I've written a twenty page
white paper, a year behind recap and a year ahead forecast.
I want a live well I'm going to send it
to you the second we get off the phone here,
but I'm going to tell listeners that it'll go up
tomorrow free at Dividendcafe dot com. Dividendcafe dot com. And
(07:40):
I've written this every year for years and years, including
back when I was a managing director at Morgan Stanley.
And and you know, one of the things I talk
about in the year Ahead projection is the tension that
exists between an economy that's going pretty well and high
valuations in the market and the limited source of things
(08:02):
that are going well. You know, productivities come up, capital goods,
investment looks pretty good, but manufacturing has still been on
the decline. That showing signs of improving but it hasn't
gone positive yet. The labor market has stayed pretty pretty constructive.
I expect that to continue, and so you have long
term issues not being addressed, the indebted issue, and I
(08:25):
talk about all the time. But then short term, do
I think Trump two point zero is going to be
successful in getting some tax reform done? I absolutely do.
Do I think it's going to happen in the first
sixty days. No, I don't. So you're going to get
a little uncertainty. Is this, you know, the debate over
one reconciliation bill or two reconciliation bills. I think most
people their eyes glaze over. They don't have any idea
(08:46):
what we're talking about. And senatorial protocols don't mean anything
to anyone, and I get it. But there's a big
difference between them ending up doing a second reconciliation that
covers tax that doesn't pass until November, or getting a
big bill done that includes tax as soon as April,
but probably closer to June July. I don't want this
(09:10):
thing dragging out, Michael to the end of the year.
Speaker 1 (09:12):
No. I love that. The political The political dilemma is
if you try to do it all in one big,
beautiful bill. You open the door for pages and pages
and opposition. The American people are very clear, mandate clear
on secure the border, stop the bleeding, deport anybody that's
committed crimes beyond the crime of breaking in, and then
(09:33):
getting onto the permanent tax cuts and lessing the regulations
and stimulating the economy. I think if they split them up,
I think you're likely to get the border first, obviously
in the first one hundred days. But yes, to your point,
we don't want to wait that much longer for the
economic to kick in. Not if twenty five is going
to be the irritating issue.
Speaker 3 (09:52):
The issue there, The issue there is the source of
the debate between Senate Majority Leader John Thune and Speaker
of the House Mike Johnson, is that you do not
need a reconciliation bill to deliver on the campaign promise
about deporting criminals. So there are some things on border
and immigration that will require reconciliation, and they will get
(10:15):
that done quicker and it will pass. That's true, that's
an advantage for one bill, but then you really leave
yourself vulnerable when you're not going to have immigration to
tether to the tax side for a lot of other
folks that then you don't necessarily get their vote where
they're going to have to vote on one big bill.
So the politics are messy, but I believe that they're
(10:39):
going to sort through it. I just don't want people
to think this is going to be easy. I'm a
Republican conservative, but these Republicans have not shown a great
ability to government.
Speaker 1 (10:48):
No, And that's why I'm not a Republican anymore. I
am a United States American citizen who has watched one
party with a wrong worldview, wrong policy views, dead said
on making it a reality and it's a constant failure,
and the other that doesn't have the strength to delive
its own platform. All right, main thing is your white
paper on twenty twenty four of the year in review
and your outlook for the economy in twenty twenty five.
(11:11):
People can find that at Dividendcafe dot com starting tomorrow.
That is a page turner and a must read. As always,
our pleasure. Thanks for joining us, David Bonson with the
Bonson Financial Group. We'll talk again next week or sooner
if conditions warrant. God bless you, my friend. Happy New Year,
Happy to hear.
Speaker 2 (11:28):
It's your morning Show with Michael del Journo.
Speaker 1 (11:33):
Thanks for waking up with your morning show on the
air and streaming live on your iHeartRadio app. I'm Michael
del journal Welcome to Thursday, the ninth of January. Pretty
easy to set the table this morning. Out of control fires,
five of them. We are to five fires, twenty seven
thousand acres, one hundred thousand people in an evacuation zone,
(11:53):
and already a lot of questions as to what local
leaders have done to poorly prepare for such a perfect storm.
So the question becomes a simple perfect storm or failed
ideology and governance. And you would think it's too soon
to have such conversations, but they've already begun. John Decker,
(12:15):
of course, is keeping an eye on the Jimmy Carter funeral. Today,
the body of the thirty ninth President will make its
way from the Rotunda to the National Cathedral. The eulogy
will be done by the President of the United States,
who just returned from a fiery Los Angeles Joe Biden.
John Decker's here with all the preview and details. Good morning, John, Hey,
(12:35):
good morning.
Speaker 4 (12:36):
That's one of the eulogies that we'll hear from this morning.
President Joe Biden. But another eulogy, which is pretty interesting,
will be the son of former President Gerald Ford. Steve
Ford will deliver a eulogy on behalf of his late father,
and Ted Mondale will deliver a eulogy on behalf of
his late father, Walter Mondale, who served as vice president
(12:58):
to Jimmy Carter. I think gets pretty remarkable. And after
the presidential election of nineteen seventy six, President Ford and
Jimmy Carter actually developed a very strong bond with each other,
a strong relationship, and we're going to hear that in
that eulogy that will be delivered in a few hours
this morning.
Speaker 1 (13:15):
We've seen the passing by the way. We joke about
this on the air, but it is true. Decker and
I text back and forth. I'm usually in front of
a television. We're both very very respectful of the office
of the presidency and our republic and our history. And
so he's standing there while it's happened, I'm watching it
on TV. And so when the remains of President Carter
(13:38):
arrived at the rotunda, I mean they arrived on the
carriage to carry the body of Abraham Lincoln and John F.
Kennedy I mean, I would have stared at that for
about ten hours, and he's there and we're going back
and forth. But we were both taken by thun the
Leader of the Senate, the Speaker of the House, and
then the Vice President, the bipartisan remembrances of Jim Carter
(14:00):
in the rotunda, that there were efforts made to honor
this man, regardless of party. It was very refreshing to
hear nobody was making a political football out of him.
And I guess we'll hold our breath that that is
the case again today, because the remarkable life of Jimmy
Carter is not necessarily the political opinion of his presidency
that most usually in every poll is towards the bottom.
(14:23):
But when it comes to the mark of a man
of faith and living his faith, he ranks very high.
I hope that comes through in the and today, I
guess is what I'm saying.
Speaker 4 (14:33):
Oh, I think it will come through. We're going to
hear also from one of his closest aids during his
time as governor of the State of Georgia, but also
a close aid of Jimmy Carter during his time as president,
and that's Stuart Eisenstett. You will deliver one of the
eulogies this morning, and I think that human aspect of
(14:55):
Jimmy Carter will come through in the eulogy that we hear.
I don't think anybody knew him better than Stuart Eisenstatt.
You aside from this family.
Speaker 1 (15:03):
Give us times on all of this, and I'm sure
most of the hope, I hope Fox doesn't make the
mistake of cutting away as they did with the Rotunda ceremony.
But roughly what time will the ceremonies be, The procession
from the capital to the cathedral that will take some time.
When is all of this slated?
Speaker 4 (15:21):
Well, the actual service for President Carter will take place
at ten a m. Eastern time, nine a m. Central.
Of course, it takes time for the casket to be
brought from the Capital up to the National Cathedral, So
I would imagine coverage will begin within a half hour
(15:42):
on some of your cable news stations that you might
be watching.
Speaker 1 (15:45):
And as always I'll be watching. You'll be there living it.
John Decker, White House Correspondent, Thanks for joining us. We'll
talk about it more tomorrow, all right. Thirty minutes after
that we'll take a break for your local news, and
we're going to come back and we're going to visit
with David Sonati. I don't know if it's Joe Biden
or whoever's been running this Oval office. I suspect it's
John Podesta. They're making a lot of moves on the
(16:07):
way out the door, you know, some of them with
pardons and commutations and sending terrorists from Gitmo back to
the Middle East, and crop probably the one that made
the biggest bang, the banning of drilling. We'll talk to
David Sonati a little bit about the ignoring of the
American people's voice during the election that cost them the election,
and ignoring it on the way out the door, what
(16:28):
could that cost them? Next? When your morning show continues next,
stay with us.
Speaker 3 (16:34):
Hi. My name is fern Aaron and my morning show
is your Morning Show with Michael del Jorno.
Speaker 1 (16:47):
Hey, it's me Michael. Your Morning show can be heard
live five to eight am Central, six to nine Eastern
and great cities like Jackson, Mississippi, Akron, Ohio, or Columbus, Georgia.
We'd love to be a part of your morning routine
and we're grateful you're here.
Speaker 4 (17:00):
Now.
Speaker 1 (17:00):
Enjoy the podcast. We're on the air coast to coast,
dreaming live on your iHeartRadio app on demand everywhere at
any time in the podcast section. Just search your Morning
Shore Michael del Jorno. Don't forget when you find it
to hit subscribe. That way, it's waiting for you every morning,
by segment or by hour for you to enjoy. And
we have a new revamped iHeart app. It looks like
(17:21):
an old fashioned radio now, so don't forget to give
us a place on the pre set. If we're sitting
at America's kitchen table, it's a pretty easy table to
set up for you. If you were looking at a paper,
you would see the Associated Press headline Biden cancels trip
to Italy meant for a foreign visit because of the
fires raging in California. Fox headline would be Palisades Fire,
(17:42):
Billy Crystal's home of forty six years destroyed, as a
long list of celebrities flee their ritzy neighborhoods. NBC's headline
would be California wildfire update, five dead now over one
hundred thousand fourth to flee. We didn't. We probably not
gonna get a chance to this, but the table is
set for dough Oh. A Rasmusen poll of plenty shows
(18:04):
that that's what the American people want. The American people
have figured out we've got a spending problem and it's
paying a role in cost of living, and they want
these cuts to happen. We, you know, kind of view
it like a one of those little red beams of light,
like when you're robbing a bank and you can't trip
it or the alarm goes off. We got to be
(18:24):
very careful talking about this, but you brought up something
that someone said to you off the air, Jeffrey, you
might want to share that with the audience, but be
very quiet when you do it, because you could trip.
I'll explain. But you you were mentioning that your friend
couldn't believe that I was sick. Yeah, he said, he said.
I said, Michael, say very lightly because you could trip
(18:44):
the alarm.
Speaker 3 (18:45):
Right, But he said, you know, you're very sick.
Speaker 1 (18:47):
I said, very sick. And he was like, man, we
can't even tell that he's sick because he sounds he
sounds great. You did good to not trip the alarm.
Because David was saying, he said, in the last time
we were together, he goes by the way, you can't
tell you sick, which was very reassuring to hear, because
it's different when you can see how sick I am
and you can see me choking and how often see
(19:09):
I tripped it there. You gotta be careful.
Speaker 3 (19:11):
You gotta be getting to stop whining and I get
to stop whining.
Speaker 1 (19:14):
Pizza boy from Brian. Uh by the way, speaking of
Brian and our listeners, I want to go to Akron.
Do we still have Tom from Akron? Yeah, let's hear.
Tom had a great comment during the break.
Speaker 5 (19:27):
ABC had a piece where the spokesperson for the La
Fire Department was upset with those pesky homeowners who are
actually using their own garden hoses to try to save
their homes. She says, they're to blame for why we
don't have water for the firemen in their hoses. Doesn't
that just define the left? The state will protect you,
don't worry, but don't you dare try to protect yourself.
(19:51):
They own this.
Speaker 1 (19:52):
Yeah, there's from forestry to water flow, to preparations to
budget cuts. A mayor who sought twenty four million dollars
of budget cuts to the fire department got seventeen to
take the money and use for homelessness that may turn
out to be the cause of this, the beginning of
the fires, and then half that money to even flowed
(20:13):
the homelessness. I mean, what a political firestorm in the
midst of an ongoing fire in southern California. David Sina
he's joining us from Eye Voters in the American Policy
Round w He's also one of our senior contributors. And
I was setting up earlier. I don't think it's Joe Biden.
I think it's probably John Podesta. But whoever's running the
administrative state from the Oval Office in the name of
(20:34):
Joe Biden, they're doing a lot of things on their
way out the door. The commutations, I want to dust
out with you a little bit. There were two that
refused them because they're fighting for their innocence and it
would affect their trial. That shows you how little vetting
was done in these political commutations. But you had eleven
terrorists sent from get Moo back to the Middle East.
And then what got the most attention was the executive
(20:56):
order to ban offshore drilling. The left ignored the voice
of the American people in the election and a cost
in the election. Doing these kinds of spiteful things on
the way out the door and ignoring the will of
the American people. What might be the next price they pay, David.
Speaker 6 (21:11):
Well, obviously, it will just make the job a little
bit harder. It's just political nastiness. It's worldview manifesting itself
and vengeance and it doesn't wear well and it won't last,
so it'll it'll be harder up the hill.
Speaker 1 (21:26):
We all know that.
Speaker 6 (21:27):
To get to these changes, and it's it's significant because
what you're going to see from Chuck Schumer and Speaker
Jeffries and or excuse me, and Minority Leader Jeffries and others,
and the House is and of course already with the
corrupt Associated press leading the way, you're going to see
an opposition in a resistance and it's going to be real.
(21:48):
It's going to be a very hard, hard job. But
the difference is, Michael, if we can have the courage
to take a twelve year view, not a two year view,
and understand it's never going to be easy and just
keep going, the momentum of truth and the discovery of
reality is on our side. That's what this renewal is
all about. And sadly and tragically, tragically. What's going on
(22:11):
in California is one more example of it.
Speaker 1 (22:13):
Really is well. I always say death of journalism. It's
now decomposition of journalism. Yeah, it's dead and decomposing in
a casket. And that was relevant in twenty twenty four,
the left played legacy mainstream media and it had no ratings,
It has no revenue, it has no influence. Everything moved
to digital what's interesting, and I think they better avoid this.
(22:36):
People like Joe Rogan, you know, Megan, Kelly, Tucker Carlson
and others won't, but Joe Rogan in particular ought to.
Don't get sucked as talk radio got sucked into divisive
US versus Them politics, or you'll become as irrelevant as
they did in mainstream media. But you know that kind
of ignoring we often used to talk about. In fact,
(22:57):
one of our first meetings ever, I think you'll remember,
we were in your kitchen and you had your big
whiteboard up and you start breaking down because we were
thinking at the time we were in talk radio. We
talk about every day that the American people pay attention
the way we do and they don't a small portion
of them to do, and we get a large portion
of them as an audience, and we think all Americans
are that way. No, most Americans don't pay attention to
(23:17):
politics till days weeks at the most before an election.
When do they stop paying attention? Because I would think
as this transition is going on, these going out the
door games they're playing or blocking games. Once the new
Congress is sworn in, that could really backfire. I mean,
they can have as much as Donald Trump needs to
make his first hundred days count, they could really make
(23:39):
the first hundred days blow up in their face for
the midterm as well, couldn't they.
Speaker 6 (23:43):
Yeah, it's going to be a very interesting dynamic watching
this race into the first two years, and the first
the next two years will determine the next twelve years.
That's the reality and the direction of them. The political momentum, Michael,
is hard to get back in two ways. One, if
you're in a political party and you've candidates and races
and you're running in an election, when you lose momentum,
it's really hard to get back. But it's also true
(24:05):
in regards to issues. In regards to interest, I think
that this new administration will maintain interest for about one
hundred days, and then people will busily move on to
other things unless circumstances prevail and change all that.
Speaker 1 (24:20):
One thing you know is on their mind. They want
that border, they want the bleeding stop. Secure that border,
whether it's technology, whether it's troops, whether it's rebuilding the wall,
stop the inflow, deport anybody that's committed a crime, after
committing the crime of breaking in that they want immediately.
They want the tax cut solidified, they want the economy
and cost of living broad down, and they want energy.
They better be careful the games they play to block
(24:41):
all that, because there's a short window where all will
be paying attention. And I think this Floorida is going
to change that. I think that window is going to
be a lot stronger and stay open a lot longer
because of that failure. That's going to become real dollars,
life and death and cens that the Left is going
to see because when you see the budget cut, you
see the forestry and water water decisions for wokeness that
(25:04):
created this vulnerability because it was always a proclivity. This
could lead to a much bigger reawakening within the Democrat
Party that's going to be shifting quickly into a war
in and of itself right with the far left, because
the Justice Democrats still want to take over that party.
Speaker 6 (25:20):
The problem for the utopians is they don't have another
worldview to shift to, and they haven't done very well
with their utopian point of view.
Speaker 7 (25:27):
What don't mean by that?
Speaker 6 (25:28):
I mean people who deny reality and claim politics solves
everything and if you don't agree with us, then you're
the devil that's been that sort of we can perfect culture,
and if you're disagreeing or even asking questions, you're just
getting in the way.
Speaker 7 (25:41):
So the.
Speaker 6 (25:43):
Challenge is between utopian thinking and reality. It doesn't even
have to involve religion or geopolitics or partisanship.
Speaker 1 (25:53):
It's about reality.
Speaker 6 (25:55):
So I give you an example, if you'll let me
just just I got to get this lemon and story
from Chick fil A in on this conversation, Okay, I
sent it to you this morning. It's kind of like
the antithesis of everything we were talking about. The world's
burning down, and Chick fil a headline news is Chick
fil A's lemon cutting robots are cutting ten thousand hours
of labor. Is the headline story that will be completely
(26:15):
missed by everybody it's a perfect example of everything we've
talked about this morning. Chick fil A for years has
been very successful with their lemonade product, big big hit. Well,
somebody's got to squeeze all those lemons. So they've had
a big factory out in California where they squeezed all
the lemons. Well, when California went to seventeen dollars an
hour mandatory minimum wage, and the utopian said, we're going
to tell you what you're going to pay everyone because
(26:37):
we don't want minimum wage, we want living wage, so
we're going to force.
Speaker 1 (26:42):
You to do that.
Speaker 7 (26:42):
Then Chick fil A decided they'd build a costco size,
brand new factory that's completely robotized, and they saved ten
thousand dollars ten thousand hours per day in labor now
with robots squeezing the lemons, and they've created additional revenue source.
Speaker 1 (26:58):
By the way, this is not a utopian lesson be
learned again. We saw this in the state of Washington.
They increased it. The arguments were ridiculous, and it's what
you're saying, you can't raise a family of four on
minimum wage. You shouldn't be trying to minimum wage is
an entrance. My first job was WTIX in New Orleans.
I made four dollars an hour. I make hundreds of
thousands of dollars today. If you to have replaced that
(27:20):
minimum wage open door opportunity, I wouldn't have had this
job today. So it was never intended to support a family.
It's an entry level position. And if you're still making
minimum wage six months later, pick a different profession. You
must not be very good at it. But what would
we find, Well, McDonald's replaced the hourly wage employees with kiosks.
That's number one. Number two for those that did get
(27:43):
the increase, they wanted to work half as much time
so they could still qualify for their other freebies. So
they weren't wanting the money, they just worked less. I mean,
this is a failure we see over and over again,
and you just get replaced and their.
Speaker 6 (27:58):
Artificial hand of government, and it's always forgotten.
Speaker 1 (28:02):
It's always always forgot and re argued. I don't think
they're gonna got away with that with the fire, because
there's going to be hundreds of thousands of acres, billions
of dollars and really high profile people and insurance companies
that are going to want some answers when we come back.
I want to close with the presidential rankings. Joe Biden
will go down as one of He's right there at
(28:24):
the bottom of Richard Dixon right now as one of
the worst presidents. I think time will be unkind to
him and it'll actually be seen more as never was
actually president when time continues. But time has been kind
to others like Jimmy Carter and Donald Trump. Why do
these things matter? Does the presidency still matter? When your
morning show continues?
Speaker 2 (28:43):
Next, this is your Morning Show with Michael del Trono.
Speaker 1 (28:49):
Welcome to Thursday, January the ninth year of Our Lord,
twenty twenty five. On the air and streaming live on
your iHeartRadio app. This is your morning Show. I'm Michael
del Jerono. At least five people have been killed one
hundred thousand under mandatory evacuation. The winds are down, the
fight against the fires in the Los Angeles area can resume.
From the air. President Biden has made his way back
(29:09):
to Washington, d C. Jimmy Carter will begin the procession
from the Capitol to the National Cathedral for his presidential
state funeral today, and we're visiting with David Zonadi about
some of the spiteful actions at the end of the
Biden administration, and David I just wanted to kind of
come full circle and end the show and remind people
I don't know what's become of the presidency. I don't
(29:32):
worship as many do the presidency. I value the House
and the Senate and the Congress the most, as our
constitution does. But the presidency does matter and how we
remember presidents and history eventually gets it right. There's a
narrative from the left that Joe Biden was this extraordinary president.
(29:52):
There's this sense that he never was president or cognitively able.
He leaves office at the bottom with Richard Nixon, and
then the question becomes, well, how will time serve him.
Jimmy Carter, for example, he left office with a minus
thirty two negative rating. He's at positive six being buried today.
(30:14):
So time was kind to Jimmy Carter. We forget some
of the national and domestic mistakes he made in favor
of the good Man. That's how he lived his post presidency.
Bill Clinton are giving an example, left office plus twenty five,
today's plus five. Time has not been good to Bill Clinton.
Here's one that'll blow your mind. Donald Trump left office
after his first term with all the accusations at minus
(30:35):
thirty two. He enters his second term at minus four.
Time has been very good to Donald Trump. What do
you make of these ratings and why are they important?
Speaker 6 (30:44):
Well, in the situation with Carter, you only had one term,
and if George W. Bush it only had one term,
he would have come out a much higher rating. Part
of it is that two term presidents don't do well.
Second term of the American presidency is usually a four months.
Speaker 1 (31:01):
Could be different, though with a four year in between.
Speaker 6 (31:04):
This is completely different. This is the second first term.
This isn't a second term. Uh. And because you're coming
with a whole new cast of people, you're it's a
completely different scenario that in and of itself ought to
keep it.
Speaker 1 (31:14):
Unless you have COVID, unless you have him trusting and
believing an idiot like Fauci, he ain't going to make
any mistakes this time. He's going to make America great
again and leave it great. Time is going to be
very kind to Donald Trump.
Speaker 6 (31:25):
Well, and look, you're sick, and I don't like to
nippick in any way, shape or for him, but Donald
Trump's not going to make America great.
Speaker 1 (31:31):
We are well, but that was his campaign and then
the result will be that you'll get the grind.
Speaker 6 (31:36):
But but so something you need to say it every
now and then. Somebody just every now and then needs.
Speaker 1 (31:40):
To add for that. I don't lower my mic to
blow my nose, now, dare you when you can see
how sick I am not for this one. No, I'm
glad you did that before, say trip to the wire. No,
but that these are conversations that we are nitpicky about
off the year because I don't want people putting their
faith under God, not Donald Trump. But Donald Trump has
(32:03):
been enough of a force, a disruptive force to changing
the direction.
Speaker 6 (32:09):
Yeah, to awaken that and change big deal, Michael. That
cannot be underestimated. But again, the next two years will
determine the next twelve. We can't say it enough.
Speaker 1 (32:18):
Yeah, but these things matter, and Red and I are
fascinated how time affects up by the way, if this
is why and you featured in nineteen seventy three Christmas
in America secretariat who I thought was the greatest athlete
who ever lived. I can't help it was a horse.
But you know, to win the Kentucky Derby, then to
come back and win the sprint of the Preakness, and
then the marathon of the Belmont, and he was a
(32:39):
speed horse, and then he won the length thirty one lens.
Come on, I've never seen anything like that. Right under that,
I guess would be the miracle in nineteen eighty with
the US sending a bunch of college kids to beat
the Soviet Union. But there's John F. Kennedy, Ronald Reagan,
and then there's everybody else. I mean, nobody even compares.
Could Donald Trump get to such a level if his
(33:02):
second term goes well, It's possible.
Speaker 7 (33:04):
It would take a miracle of God.
Speaker 6 (33:05):
But it's possible because of the team he's putting into play.
And if the Republican in the House and the Senate
can wake up and get out of their own ways
and try to solve problems for the next forty eight months,
they have a very potentially bright future because people are
willing to look for solutions. The whole key, Michael, will
be truth telling. The reason we are where we are
(33:28):
is because people are tired of being lied to for
COVID and then the entire Biden administration truth telling me
the answer.
Speaker 1 (33:35):
And I think avoiding fights and continual campaigning, just get
in and lead. You were giving a mandate's victory. Do
you think this stuff about, you know, sending out pictures
of the United States, Canada and Greenland all combined in
the Gulf of America. You like it or do you
(33:56):
think it's love it?
Speaker 6 (33:57):
I love it because it's the first time one has
actually said, excuse me, we can be.
Speaker 7 (34:02):
Growing an influence in the world. We don't have to
be perpetually navel.
Speaker 6 (34:07):
Gazing and accusing ourselves of being unable to solve problems.
Speaker 7 (34:11):
I like the forward thinking.
Speaker 6 (34:13):
Now it's probably not going anywhere, but it's an interesting
refreshing point of view.
Speaker 1 (34:17):
Well, you know, in true confession, if I had maybe
we do this show together. But I really needed today
a I didn't have enough oxygen. I couldn't breathe, and
I felt uncomfortable. I don't think while fires are raging
and people are losing homes and lives, but I do
think some of the you know, when Gavin Newsom starts
saying Donald Trump's trying to make this political, as they're
making it political with global warming and other things in
(34:39):
victim mentality, but I really needed your assurance that today
is a good day to talk about these budget cuts
and these fires and how you have to be prepared
for these. And they put DEI and homelessness above the
protection of their people, and that's why they're on fire today.
And they get their eye off the ball. They got
their eye off the ball, and hey, it matters who
(35:01):
we elect and what they do.
Speaker 7 (35:02):
Michael, can I give you one other thought?
Speaker 1 (35:04):
No, because we're down to four seconds, three two one.
I'll see everybody in the morning five aear Central.
Speaker 3 (35:08):
Bye.
Speaker 2 (35:08):
We're all in this together. This is your Morning Show
with Michael del Joano.
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