If Trump is not improving the economy and we are headed for a recession, then why was the inflation report lower than expected?? We asked economist and money wiz David Bahnsen if this is another media narrative that died of reality.
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Episode Transcript
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Speaker 1 (00:00):
Hey, gang, it's me Michael. You can listen to your
morning show live. Make us a part of your morning
routine or your drive to work companion on great stations
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(00:21):
listen live, but are grateful you're here now for the podcast.
Enjoy one, two three, starting your morning off right.
Speaker 2 (00:30):
A new way of talk, a new way of understanding,
because we're in this together.
Speaker 3 (00:37):
This is your morning show with Michael, Bill charm all.
Speaker 1 (00:41):
This ridiculous partisan narrative in fighting, we forget that, right.
We're all in this together. Pretty self defeating to be
in the backseat of a car rooting against this driver.
All right, seven minutes after the hour, Welcome to Thursday,
March the thirteenth, The two NASA astronauts stuck aboard the
International Space Station will be talk a little longer. The
mission was aborted about an hour before takeoff because of
(01:04):
an hydraulic issue with the clamps that actually hold the
Falcon nine rocket in place, so it's not on the
rocket or the craft itself.
Speaker 3 (01:11):
Hopefully, decay resolved for a Friday night launch.
Speaker 1 (01:13):
US armed deliveries to Ukraine have now resumed after Ukraine
officials tentatively agreed to support a thirty day US cease fire.
Now the talks begin with Russia, and a federal judge
is ruling that a pro Palestinian Columbia University activist will
remain in jail in Louisiana. And there's this big narrative
notion that the economy is terrible.
Speaker 3 (01:34):
Sure, Donald Trump, Fike's a border, but he has failed US.
Speaker 1 (01:36):
On the economy forty days in But if that's true,
why is it. Eggs are down two dollars a dozen,
oil prices are down for three straight weeks, and shockingly,
the inflation report was down from what was expected. I
remember during the OJ trial, my biggest fear was that
(01:57):
most people don't know much about law and justice, and
then you get significant events like an OJ trial, and
everybody takes their understanding of the justice system based on
one really bad example. David Bonson is our economist and
money wiz joins us every Thursday. David, how frustrating is
it for you, as an economist and somebody that follows
the market, to watch America take its cues from political
(02:19):
narratives rather than economics.
Speaker 3 (02:22):
One oh, one must be hell Well.
Speaker 4 (02:25):
It's extremely frustrating.
Speaker 5 (02:27):
It is a hellish I have a little resilience to
it at this point. But I will say this, it's
a bipartisan frustration. And that's the part that bothers me
because I don't expect a lot some of the last
from some of this. I think politicizing economics is really
a core to what central.
Speaker 4 (02:45):
Planners believe in doing.
Speaker 5 (02:47):
They want a greater role for the state, and that
includes an economic administration. So they want to make something
political out of economic issues. But when the right does it,
it bothers me a great deal.
Speaker 1 (03:00):
Give me some examples about how the right does it.
How are they doing it right now?
Speaker 5 (03:05):
Well, the I mean I would say this, I think
that that trying to interpret economic data as always connected
to you know, if it's good data, it's because my
president did it.
Speaker 4 (03:19):
If it's bad data, it's because the other president did it.
Speaker 5 (03:22):
As opposed to the basic presupposition the first level of
economic data you assume might have nothing to do with
politics whatsoever. And so I would no more assume that
eggs went up because it was Biden's fault, then I
would assume that eggs go down because it's Trump's credit.
Both things are so preposterous and counterfactual. But the only
(03:45):
reason one would be tempting to do so is because
of the strong mesionic idolatrous a ruler of politics.
Speaker 1 (03:53):
Prices of eggs went up because of bird flew right,
And I'm pretty sure.
Speaker 3 (03:58):
That's the safe thing to say.
Speaker 1 (03:59):
Yeah, but yeah, But when they politically lay it all
on the line on these narratives, and these narratives keep
biting the dust due to reality, that's the self defeating
game that politicians play, and shouldn't What would you educate
the mary? I mean, you just saw the inflation report.
Did it surprise you?
Speaker 5 (04:17):
Well, no, because I've been saying for some time that
the numbers that are baked in the CPI are overstating
the real on the ground numbers about rent and shelter.
And that is thirty four percent of the CPI number.
Now that number is showing in the data. It had
been five or six percent, it's now four point one.
And so if you had that at the real numbers
(04:39):
that ZO and real litter and national apartment lists and
some of the real actual market purrent time data numbers
indicate are more like two to three. Then that would
bring the CPI number down to one point nine percent,
and that's where I believe the real number has been
for some time.
Speaker 3 (04:56):
So not just not just down, down probably even more.
That's right.
Speaker 5 (05:01):
And in goods, inflation in the data is zero percent,
so goods has come down, but services and states stubbornly higher.
Speaker 4 (05:11):
And then you get into things that are not called inflation.
Speaker 5 (05:13):
They're called high prices, meaning, hey, the overall price level
may never going higher, but man, oh man, why is
auto insurance so much higher? Why are used car prices higher?
That's a different story. Then you get to look at why, okay,
like eggs, Okay, why did everything else at the grocery
store go up one percent but eggs went up twenty percent?
And you can look at the actual causation. People don't
(05:35):
like to do that because we'd like to just talk
about inflation monolithically, and that enables us to talk about
it politically, and there's times when they should be talking
about politically. You know, we went we've gone through moments,
so politicians have done things that move the whole price
level up. Right now, Michael, we're clearly going to a
period where expeditions are going lower and growth expectations are
(05:56):
going lower. And I would say, what's a bigger story
a modest moderating of prices or growth expectations collapsing, And
that to me is that's clearly a policy issue around
the tariffs and the trade wars.
Speaker 3 (06:12):
All right.
Speaker 1 (06:13):
Visiting with David Bonson, he's an economist, he is also
a money whiz and when it comes to the market,
That's how I was exposed to him watching Fox Business.
You know, I always say this about the unemployment number.
At the end of the day, I have no use
for it. I mean, I remember we were going through
the big economic challenge of two thousand and eight, two
(06:33):
thousand and nine, you know, and these unemployment numbers were
so misleading because they didn't take into account underemployment or
those who left the workforce, And so at the end
of the day, you just throw up your hands and go,
you know, these numbers are just worthless. Are the inflation numbers,
consumer confidence numbers? Are they becoming just as worthless? And
how do they get there? Why can't we have just good,
accurate economic indicators.
Speaker 5 (06:55):
Well, consumer confidence has always been worthless and it has
never been a leading indicator. And consumer confidence is just
simply not something that can be measured as a forward indicator.
I don't agree with you, by the way, that I
think the unemployment numbers are worthless. I just think that
they're incomplete, which is probably what you mean. Yeah, in
other words, you know, the underemployment number was available.
Speaker 4 (07:15):
It just isn't the same thing as the unemployment.
Speaker 5 (07:17):
Right, both data points come out every single month.
Speaker 3 (07:20):
They're just put it in yours.
Speaker 1 (07:21):
But let's just stop then do that real quick for
everybody in your world underemployment. I lived in Tulsa, Oklahoma
when Sitco left, and Sidco didn't just leave Tulso, Oklahoma
as the largest employer, left the country and went back
to Venezuela, which was a whole other total economic picture
in terms of energy and jobs. But I saw so
many people losing two two hundred and fifty thousand dollars
(07:42):
a year jobs and then they were taking ten dollar
an hour call center jobs. That's underemployment. Well, that's a
big difference, because then you're not buying the homes that
create such commissions for realtors, or buying cars that pay
such commissions for car salesmen, or paying taxes.
Speaker 3 (07:57):
At this level, I mean it's night and day. I
mean it's helping you.
Speaker 5 (08:01):
But Michael, there's absolutely no scenario ever and there nor
was there a no eight where you're going to get
a big spike in unemployment without also getting a big
spike in unemployment in the two thousand and eight and
nine and by the way, ten numbers too, because Obama
had to own that there is easy President Obama had
to own that during the mid terms of twenty ten
that we were still sitting at over ten percent unemployment.
So you had a big spike in unemployment, which was
(08:23):
itself a factor that as you point out, infected wages,
spending activity, but the unemployment number was significantly higher too,
So those two are highly correlated. The other one you
brought up is the bigger deal to me, which is
the labe of participation for us, And you're exactly right,
the unemployment number doesn't measure it. But I just have
always said there are two different things in both of
(08:44):
a matter, the unemployment number matters to understand how many
jobs there are. The labor participation force matters to know
how many workers there are, and those are two different things.
Speaker 1 (08:56):
Yeah, and we've had more workers than we've had jobs
for a long time. All right, So help my your
morning show family understand all these indicators that are narrativized
and politicized. How do we get those out of our head?
And what do you follow and what should we follow
to really understand where we're at.
Speaker 4 (09:10):
I don't.
Speaker 5 (09:10):
I don't think it's the matter getting the numbers out
of our head. I think the problem starts with us
in the mirror. It's the way we want to think
about the numbers. Hear the numbers, you know, the whole
thing with the news cycle, like where there's a crime
and the left like there's a shooting right and there's
a political tendency that the left kind of hopes it's
a crazy right winger and right kind of hopes it's
(09:31):
it's a Jihavist or something.
Speaker 3 (09:33):
So where the problem at? Yeah? Where the problem?
Speaker 4 (09:35):
Yeah?
Speaker 3 (09:35):
Yeah? I don't.
Speaker 5 (09:36):
I don't want to hear economic data if I'm being
an on it, if I'm going to manage the seventy
billion dollars of money I'm responsible to manage diligently. My
clients do not want me to hear data points and say, hey,
how can I put this in a political narrative?
Speaker 4 (09:50):
The data is not in a political narrative. I'm putting
it in a political narrative.
Speaker 5 (09:54):
But that's what I would say to our listeners that
there is no need to put in a political narrative
where the data needs interpretation. Then people are going to
use their own belief system and worldview and what not
to do. So some of it is much more cut
and dry. But yeah, I think it's that knee jerk
tampus to want.
Speaker 4 (10:12):
To put it in there. That's what we have to
avoid doing.
Speaker 3 (10:15):
Shameless plug time. Do we have a dividend cafe this week?
Speaker 5 (10:20):
We must certainly do each and every week Friday, and
I will tell you it is one of my favorite
givning cafes. I have an open on my computer right
in front of me here at my hotel in Palm Beach, Florida.
I'm spending a few days at our Palm Beach office
and have been writing it for the last three and
a half hours.
Speaker 4 (10:35):
And I took a break from my writing to go
live on air with you, sir.
Speaker 3 (10:40):
What's the topic?
Speaker 5 (10:42):
It is on whether or not Trump no longer cares
about markets? And I'm going to make the very nuanced
argument that that is not a conclusion we should avoid
or a conclusion we should draw, but that there's a
lot going on right now that it feels different, and
I want to unpack it. What's going on in the
President Trump and the way she thinks about markets.
Speaker 4 (11:02):
So many of my Dividen Cafe tomorrow this may or.
Speaker 1 (11:06):
Not surprise surprise you, but so many of my listeners
appreciate you so much. Every week I probably get as
many emails about you and David's Nadi as anyone, and
I'm grateful for your time that you give us, and
I encourage everybody if you want more of our money
with David Bonsen, you can find that a Dividendcafe dot
(11:26):
Com always appreciate you. Have a good time, and Wes Palm,
we'll talk to you again next week or sooner if
conditions one. You got it. Eighteen minutes after the hour
when You're a morning show continues not one, not two,
not three, but your top five.
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Speaker 2 (12:54):
It's your morning show with Michael Delchno.
Speaker 3 (12:59):
Now it's time to get your involved.
Speaker 1 (13:01):
I got one this from john Ford Coley from England.
Speaker 3 (13:05):
Dan and john Ford Coley.
Speaker 1 (13:06):
I'd really love to see you tonight. Nice to hear
you on the radio, partner. I'll see how far down
the road I can get before I lose you. I'm
going to Florida. I hope you're doing well. Love you brother.
You could be listening to the WLAC app and you'll
or the iHeartRadio app and guess what, it never disappears.
It never goes away. That's why we usually start every
(13:27):
segment with this is your morning show on the Aaron
streaming live on your iHeartRadio app. And we can't have
your voice. Can't have your show without your voice. I
don't remember where we're starting, but I think it's Seattle,
but I'm a.
Speaker 6 (13:38):
Native from northwest Montana. In response to the tariffson Canadian lumber,
maybe we need to remove some of the restrictions on
the timber industry that the crazy level environmentalists in place.
As I said as a native from northwest Montana, timber
industry was huge, but it's been virtually shut down. We
(14:01):
need to reopen those lumber mills and let the loggers
log those streets.
Speaker 3 (14:07):
Amen, super Amen, Amen, So be it.
Speaker 1 (14:10):
I'm sure that's on the radar, and I'm sure that
comes up in some of the negotiations with Canada. The
answer is both. It would take a while to get
all that changed and up and running and producing, so
it'd be nice to have lumber from both. But I
think that's the long term play. I think, you know,
Donald Trump gets it. He wants this stuff ultimately produced
here by us. Why jobs, That's what makes the VUG
(14:33):
good around, the VUG good around to marry Mary. Let's
get another lady's perspective.
Speaker 7 (14:36):
If I'm a Democrat who's a non essential federal employee,
I would be begging Chuck Schumer not to shut the
government down. They're already eliminating government positions, and once these
individuals go on furlough, it's going to be a real
world exercise on which positions could be eliminated. Just food
for thought, Have a great day, love the.
Speaker 1 (14:54):
Show, love you always, great perspectives. Yeah, I keep saying
that over and over again. I don't know where. I
don't know what they're endgame is on this survey after survey,
they seem to be out of step with the American people.
Today's was seventy three percent, including fifty three percent strongly
versus ten percent strongly negative, approve English as the official language.
(15:15):
It's a different Donald Trump, and the American people are
behind him this time. The Democrats continue to ignore that.
So you're trying to make it all about Doge when
America's four Doge. Two thirds of American support Doge, and
they're more outraged of what Doge is finding and how
long it's been happening than that doche is doing it.
That doesn't stop their obstruction opposition to Doge. And if
(15:36):
they continue to hang on Doge and the transgendered issues,
they're going to have a very rough midterm. It's that
their own demise in peril that they're playing. And the
same is true for what Mary's suggesting. Even if we
were to take your political narrative at face value. Oh
so Doge could cost people jobs, that may or may
(15:59):
not be dupliticatve or wasteful. How many jobs do you
think you're going to cost by shutting down the government?
But to Mary's strongest point, and you shut it down,
it'll make it even harder to get him back. That
they're just they they can't they cannot get their arms
(16:20):
around the line between obstruction and opposing.
Speaker 3 (16:24):
But they can't.
Speaker 1 (16:25):
I mean, in that survey of America being the official language,
do you know those numbers didn't even hold up within
their party? Sixty one percent of Democrats support English as
the official language. And now you're bragging you're going to
cost more jobs.
Speaker 3 (16:43):
Roger. Let's get Roger in real quick before the local brick.
Speaker 1 (16:46):
Yeah.
Speaker 8 (16:46):
I want to push back a little bit on the
idea that Canada might have the advantage on the terraff
of lumber. First of all, we do produce lumber here,
We get up some of it here. Second of all,
we can frame houses with steel. Historically been a little
more expensive, but as prices level out, it becomes more viable.
And lastly, if Canada doesn't have the income to buy
(17:08):
food with the money they make from lumber, they're going
to be in a bad spot.
Speaker 3 (17:12):
Just an opinion.
Speaker 9 (17:13):
Ma'm hi, I'm Andrea del Giorno and my husband, and
my morning show is your Morning Show with Michael del Jorno.
Speaker 3 (17:27):
Hi, it's Michael.
Speaker 1 (17:27):
Your Morning show can be heard on great radio stations
across the country like News Talk ninety two point one
and six hundred WREC in Memphis, Tennessee, or thirteen hundred
The Patriot in Tulsa or Talk six fifty KSTE in Sacramento, California.
Speaker 3 (17:41):
We invite you to.
Speaker 1 (17:42):
Listen live while you're getting ready in the morning and
to take us along for the drive to work. But
as we always say, better late than never. Thanks for
joining us for the podcast. I pick my heroes very carefully.
I have found role modeling to be a great shortcut
in life. I allow people and the wisdom. Wisdom, by
the way, is different than now. Wisdom comes from having
lived or directly from the throne of God. I found
(18:04):
a lot of wisdom in deond de Mucci. For some
of my older listeners, you know him from Dion and
the Belmonts, or Abraham Martin and John. For others, you
may know him from his Inside Job and contemporary Christian music.
Deonda muchI will join us he's out with a new
book called The Rock and Roll Philosopher, and one of
his songs that changed my life forever. And I can
tell you, thirty plus years later, I'm still doing a
(18:26):
pretty good job of living in We're gonna visit with
DeAnda Mucci tomorrow and it's Friday. That means Friday with
forty seven. That always equals a fun Friday, fun worst.
Thanks first, I apologize, I hit the wrong sounder first.
Speaker 3 (18:42):
Thanks first, all right, everybody look him out.
Speaker 5 (18:45):
Look, you just gotta try harder, not the saw.
Speaker 3 (18:48):
Sons after the opportunity for a brief civics lessons. I know,
perhaps you'd like to be alone with you. That's a
deteriorating mental condition.
Speaker 5 (18:56):
Politics.
Speaker 1 (18:57):
I don't know us, as you know, we're all trying
to not suck as much.
Speaker 3 (19:03):
And then I hit the rug sounder.
Speaker 1 (19:04):
All right, So you're hearing the President and we talked
about this yesterday the matrix. So one side is saying,
promise made, promise kept. We did just fine and quite
better before the Federal Department of Education, and the President
talked about shutting it down and he's beginning to do so.
The other side, of course, is screaming what about.
Speaker 3 (19:26):
Our teachers, what about our kids? What about educating?
Speaker 1 (19:28):
He's not shutting down public school, he's shutting down the
bureaucracy in Washington that's done nothing but meddle and get
in the way. It will actually create more teachers, more
income from teachers, and better results in the classroom. Our
sound to day starts with this testimony before Congress, facts
(19:49):
that no one wants you to know when they're having
a political debate absent of an educational reality.
Speaker 10 (19:55):
Listen, So, if you go back to nineteen fifty and
I alluded to this briefly, there were two point thirty
six teachers for every non teacher in a school district
in America.
Speaker 3 (20:05):
Today it's one to one. So stated differently, for every.
Speaker 10 (20:08):
Teacher you see in a typical district in America, there's
a non teaching largely administrative counterpart. And so I mentioned
that one hundred percent increase in the number of students
in public schools across the country, and that there was
a two hundred and forty three percent increase in the
number of teachers. And I would just reiterate a seven
hundred and nine percent increase in the number of non
teaching staff from nineteen fifty to today.
Speaker 1 (20:31):
Seven hundred percent non teaching staff from two point three
teachers for every administrator one to one. All that's being
defunded is bureaucrats in Washington and non teachers at schools.
Why because it gets more about education than socialization and indoctrination.
(20:55):
So you have Chuckie Schumer grand standing today. I think
I got the motes to block this funding bill. Careful
what you ask for. So you're against doze because it's
going to cost federal jobs, And just how many federal
jobs you think it's going to cost if you shut
down the government. And how harder will it be for
them to get back if you shut down the government?
(21:15):
And what's their real rub Well, from their own lips,
it's doze, doze in trans But how can it be doze?
Speaker 3 (21:29):
After all? This is Chucky Schumer in twenty ten.
Speaker 11 (21:31):
Listen, about a third of all of the spending that's
done in Medicare and medicaid, I would imagine a lot
of it's in the private sector as well, doesn't go
to really good healthcare, goes to other things. And the
real numb of this is how do we ring that
waste out that fraud, abuse, duplication without interfering with the
(21:54):
good care that we want every person on Medicare, Medicaid
and private insurance to get.
Speaker 3 (21:58):
Where is this Chuckie Schumer today?
Speaker 1 (22:01):
Do you know how much I'd be supporting Chucky Schumer
if you talk like that today? What was our conversation
yesterday about the NGOs. The lesson from Elon Musk with
Joe Rogan was they're all hidden with ninety five percent
money laundering, agenda garbage and then five percent services necessary services,
(22:24):
good services to people in need. And so when you
start cutting those services, you start cutting those budgets. You're
trying to get rid of the waist and the fraud,
but leave the service or increase the service. Or we
just had that education conversation right, you're just getting rid
of administrative bloat and bureaucracy in Washington.
Speaker 3 (22:43):
What does it do doesn't jeopardize teachers.
Speaker 1 (22:45):
It gets more teachers, better teachers, better results. But look
how perfectly Chucky Schumer got it in twenty ten. You
got to find the wasst in fraud, ring it out
without ringing out the services they provided. These same people
(23:06):
that got it in twenty ten are now playing that
game backwards. Now, if you stand against ninety five percent
way they say, you're standing against the five percent that
actually get the services through efficiency, America is worse off
(23:26):
because this party has lost its mind. They would just
get it back, or if their party would get control
of their party and replace them with people that get
it again. And they got about oh last time, I
looked three months tops to get their.
Speaker 3 (23:42):
Act together before the midterm. Sean had on He's everywhere
Stephen A. Smith.
Speaker 1 (23:50):
I really think his attempt is to be the job
the baptist for another candidate. But if he's not careful,
he's going to be the most viable candidate for the left.
But he joined Sean Hannity to discuss in essence, I
think Red would agree if I shorten it to this,
Obstruction is not leadership.
Speaker 3 (24:13):
Opposing is not a plan.
Speaker 2 (24:17):
Here's the problem, one of the problems, one of the
many problems with the Democratic Party, outside of not being
known as the party that caters to the working class,
outside of being known as the party that leans so
far left, you made Trump seem normal. Outside of all
of those things, here's the ultimate crime that's going on.
(24:37):
They're literally sitting up on Capitol Hill.
Speaker 3 (24:40):
Not all, but most of them. They're the party.
Speaker 2 (24:42):
They're literally sitting up on Capitol Hill acting like their
only job is to be in the opposite of Donald
Trump in every way, shape, form, and fashion. That's not
going to get them the midterms, that's not going to
help them regain the White House. It's it's fool's gold.
And somebody needs to tell them. I'm trying to tell them.
I don't think I'm alone, but when the Conservatives like
(25:04):
yourself and various others are uttering this stuff, it pains
me to say, you're right.
Speaker 1 (25:14):
I don't know what it says that there's two loan
voices that if the Democrat Party would awaken and listen to,
they have a future. If they don't, they're about to
lose the future, not just in a midterm but forever.
And one's a sports guy and the others the only
senator that wears hoodies and sweatpants every day to the
(25:38):
club of one hundred and I can't emphasize this enough.
Most of you follow, whether you get it through X,
whether you get it through Facebook, whether you get it
through podcasts with Goofballs on the View or CNN or
MSNBC or abcnbccs meet the press sixty minutes are saying,
(26:02):
or we even Washington Post, New York Times for them.
I got news for you. Stephen A. Smith is meeting,
is reaching more Democrats than all of them combined. But
this is a party that didn't listen to its constituents
and voters in twenty sixteen, twenty twenty or twenty twenty four.
What makes you they're going to listen to Steven A.
(26:24):
Smith today? We did get the report today that a
federal judge is ruling that a Propala State in Columbia
University activist will remain in jail. Marco Rubi, or Secretary
of State, defends this detention and explains why.
Speaker 12 (26:42):
When you come to the United States as a visitor,
which is what a visa is, which is how this
individual entered this country as on a visitor's visa. Okay,
you are here as a visitor. We can deny you
that visa. We can deny you that if you tell
us when you apply. Hi, I'm trying to get into
the United States on a student visa. I am a
big supporter of a murderous, barbaric group that kidnaps children,
(27:03):
that rapes teenage girls, that takes hostages, that allows them
to die in captivity, that returns more bodies than live hostages.
If you tell us that you are in favor of
a group like this, and if you tell us when
you apply for your visa, and by the way, I
intend to come to your country as a student and
rile up all kinds of anti Jewish student anti Semitic activities.
I intend to shut down your universities. If you told
(27:25):
us all these things when you applied for a visa,
we would deny your visa.
Speaker 3 (27:28):
I hope we would.
Speaker 12 (27:29):
If you actually end up doing that once you're in
this country on such a visa, we will revoke it.
And if you end up having a green card, not citizenship,
but a green card as a result of that visa
while you're here in those activities, we're going to kick
you out.
Speaker 3 (27:42):
It's as simple as that. This is not about free speech.
Speaker 12 (27:44):
This is about people that don't have a right to
be in the United States. To begin with, no one
has a right to a student visa. No one has
a right to a green card. By the way, So
when you apply for a student visa or any visa,
enter the United States, we have a right to deny
you for virtually any reason.
Speaker 1 (27:58):
So the left has been just dying on the hill
of transgendered men competing against women. They're dying on the
hill of being anti Doge. They're dying on the hill
of a lot of the And now are they going
to make this the next hill? Can you imagine what
tomorrow's poll would be about whether we should let pro
hamas anti Israel, anti American agitators here on student visas.
(28:23):
By the way, I mentioned how Fetterman, along with Stephen A.
Smith as a lone voice of reason, will wrap up
our sounds of the day with Fetterman urging Democrats to
maybe start talking like normal people, starting with this whole
demonization of oligarchs.
Speaker 3 (28:43):
Ope, it's like delay, there's our.
Speaker 9 (28:45):
Idea that we're sort of creating American oligarchs.
Speaker 1 (28:49):
Yeah, and I would just I was asked, by the way,
I got to stop and tell you. He's wearing Jim
Shortz long, loose, faded with an oversized hoodie, socks and
gym shoes. Doesn't look anything like a senator as always,
but sounding more like one than ever.
Speaker 3 (29:09):
Perhaps the start talking like a regular person.
Speaker 13 (29:12):
Most people I'm not sure what an oligarch is, you know,
it's like, okay, is an oligarch? Is it like a
rich Is it a rich a rich dude or woman?
Speaker 3 (29:20):
Okay?
Speaker 13 (29:21):
Well, but there's also another a little secret to Democrats.
You know, we like billionaires if they're giving to our
our causes or to our party as well too.
Speaker 3 (29:33):
It's there's a difference between them.
Speaker 4 (29:35):
It's unlimited money.
Speaker 3 (29:36):
It's unlimited money.
Speaker 13 (29:37):
That's the poison of American democracy. Get rid of unlimited money,
and then that would render billionaires on either side to
to those kinds of the thing. And so remember a
lot of these billionaires that were in tech, they used
to be more friendly to the democratic interest in our
party as well too. So unlimited money, get rid of that,
(29:59):
and that would transform America more than any single.
Speaker 9 (30:03):
But absolutely, we are fifteen years and two months since
the Citizens United decision, and it has changed politics forever,
it seems. But there's a difference between very wealthy political
donors and very wealthy people inside the government making decisions
they could potentially enrich themselves and their businesses.
Speaker 4 (30:22):
Look at Elon Musk.
Speaker 9 (30:24):
He hasn't divested himself from his businesses and he's a
guy with thirty eight billion dollars worth of government contracts.
Speaker 3 (30:29):
That's different from being.
Speaker 9 (30:30):
A Democratic donor who has the president's here or at
the very least.
Speaker 4 (30:34):
His phone number.
Speaker 1 (30:38):
I mean, remember what we just said. Can you imagine
five years ago if anybody would have said there's going
to be two sound Democrat voices, John Fetterman and Stephen A.
Speaker 3 (30:50):
Smith from ESPN. I mean, never mind that you'd have
never guessed those two names.
Speaker 1 (30:56):
But notice how the host is fighting him, not listening
to him.
Speaker 3 (31:00):
That's a big part of the democrats problem. This is
your Morning show with Michael del Chongo.
Speaker 14 (31:07):
That he voted against the bill to keep men out
of women's sports. Also, he boycotted the president's speech for
Joint Session of Congress.
Speaker 3 (31:19):
So I don't think he's the goodie two shoes.
Speaker 14 (31:22):
You think he is more like a wolf than a
sheep's hoodie sheep.
Speaker 3 (31:27):
That's cude.
Speaker 1 (31:28):
Nobody's making them a hero. Can we have a sensible
conversation without people going to extremes. I'm just saying, in
a party far far left, who'd have thought he and
Stephen A. Smith would have been the voices of reason
in their world of reason? By the way, he was
going to vote for the spending bill, or is going
to vote for the spending bill. So but yeah, I'm
(31:49):
not saying he's a glorious person. Fetterman for president, give
me a break, Come on, listen and be reasonable. Roy
o'neils here the thirty day seasfire between Russia and Ukraine.
Is it on the horizon? Well, the Ukrainian peace is
off to a good start, but rory the heavy lifting
the Russian side.
Speaker 3 (32:05):
We knew that from the beginning.
Speaker 15 (32:06):
Right well right, And Steve Whitkoff, the President's point man
on this, arrived in Moscow a short time ago. Where
getting some indications from Moscow they're not going to be
going to be on board with this without an awful
lot of concessions. They want assurances that Ukraine won't be
joining NATO, that there won't be NATO forces on the
(32:26):
ground in Ukraine trying to keep the peace afterwards. And
this is just for a thirty day cease fire. It
seems that there will be a lot of big asks
from Moscow.
Speaker 3 (32:35):
We'll see what happens.
Speaker 1 (32:37):
Those sound reasonable that those sound like a reset to me. Obviously,
they didn't want Ukraine in NATO. There was no indication
Ukraine was ever going to be in NATO until there
was a political verbal volley that gave that implication. So
I don't know that that's not something both sides are
(32:58):
willing to grant. I don't know that, but he feels
a need to have Ukrainian forces or sources on the
ground inside Russia. They just want to keep them out,
and they got their assurance the Americans going to back
and hold putin to his I guess what I'm getting
at is, as.
Speaker 3 (33:13):
You described that, I think it's doable well, but this
is just for a ceasfire, you know.
Speaker 15 (33:19):
I think what you bring up may be part of
a broader piece that you know, yeah, like longer term,
but just to get to this thirty days, Russia may
want a lot of big assurances. I mean, look, I
mean to have the NATO question on the thirty day
CeaseFire's pretty ridiculous. There's no way Ukraine is getting into
NATO in the next month, So, you know, things like
(33:40):
that that are almost distractions at this point. But there
is also the financial side of this. You know, when
do you lift sanctions on Russia? When do you unfreeze
those assets? That have been taken all around the world.
Those are some of the things also in the mix.
Again just for a thirty day Seaspire not a broader piece.
You know, it's often been compared to in our final minute.
(34:01):
It's often been compared to a mediator being involved in
a very contentious divorce. So clearly both parties hate each other.
Clearly both parties could never on their own solve this. Ultimately,
what allows it to break through somebody identifying just enough
from each side to find a middle ground. But really
(34:23):
buried under that is you really want to be divorced?
You know, that's the ultimate question. Do they do both
sides really want this over? And the assurance it would
stay over.
Speaker 1 (34:34):
I know that's the case for Ukraine if you can
give him assurance that you won't allow him to change
his mind and reinvade.
Speaker 3 (34:40):
You know, what we.
Speaker 1 (34:40):
Don't know is does Russia really think this is a
winnable war or are they ready for it to be over?
That's what I think is underlining all of this right well, right.
Speaker 15 (34:51):
And look, you know Russia can't sustain this much more
either in terms of they're bringing in North Korean troops
in order to fight this war.
Speaker 3 (34:57):
Their army's been so depleted.
Speaker 15 (34:59):
And you know whether or not now you get more
US and NATO forces involved, and whether or not it's
no longer a proxy war, I think is the broader
question becomes the more direct conflict.
Speaker 3 (35:11):
That's the bullseye.
Speaker 1 (35:13):
Everybody should be rooting for this ceasefire becoming a permanent
peace plan, because the way it's escalating is towards world
war and I don't think anybody wants to go to
World War over this. Rory has always great reporting. We'll
talk again tomorrow. All right, one chance to live today.
Get out there, make a difference in someone's life.
Speaker 3 (35:29):
We're all in this together. This is your Morning Show
with Michael hild Joe or No
Hey, gang, it's me Michael. You can listen to your
morning show live. Make us a part of your morning
routine or your drive to work companion on great stations
like Talk Radio ninety eight point three and fifteen ten
WLAC in Nashville, Tupoulos News and Talk one to one
point one and ten sixty WKMQ, and how about Talk
six fifty KSTE in Sacramento, California. Love to have you
(00:21):
listen live, but are grateful you're here now for the podcast.
Enjoy one, two three, starting your morning off right.
Speaker 2 (00:30):
A new way of talk, a new way of understanding,
because we're in this together.
Speaker 3 (00:37):
This is your morning show with Michael, Bill charm all.
Speaker 1 (00:41):
This ridiculous partisan narrative in fighting, we forget that, right.
We're all in this together. Pretty self defeating to be
in the backseat of a car rooting against this driver.
All right, seven minutes after the hour, Welcome to Thursday,
March the thirteenth, The two NASA astronauts stuck aboard the
International Space Station will be talk a little longer. The
mission was aborted about an hour before takeoff because of
(01:04):
an hydraulic issue with the clamps that actually hold the
Falcon nine rocket in place, so it's not on the
rocket or the craft itself.
Speaker 3 (01:11):
Hopefully, decay resolved for a Friday night launch.
Speaker 1 (01:13):
US armed deliveries to Ukraine have now resumed after Ukraine
officials tentatively agreed to support a thirty day US cease fire.
Now the talks begin with Russia, and a federal judge
is ruling that a pro Palestinian Columbia University activist will
remain in jail in Louisiana. And there's this big narrative
notion that the economy is terrible.
Speaker 3 (01:34):
Sure, Donald Trump, Fike's a border, but he has failed US.
Speaker 1 (01:36):
On the economy forty days in But if that's true,
why is it. Eggs are down two dollars a dozen,
oil prices are down for three straight weeks, and shockingly,
the inflation report was down from what was expected. I
remember during the OJ trial, my biggest fear was that
(01:57):
most people don't know much about law and justice, and
then you get significant events like an OJ trial, and
everybody takes their understanding of the justice system based on
one really bad example. David Bonson is our economist and
money wiz joins us every Thursday. David, how frustrating is
it for you, as an economist and somebody that follows
the market, to watch America take its cues from political
(02:19):
narratives rather than economics.
Speaker 3 (02:22):
One oh, one must be hell Well.
Speaker 4 (02:25):
It's extremely frustrating.
Speaker 5 (02:27):
It is a hellish I have a little resilience to
it at this point. But I will say this, it's
a bipartisan frustration. And that's the part that bothers me
because I don't expect a lot some of the last
from some of this. I think politicizing economics is really
a core to what central.
Speaker 4 (02:45):
Planners believe in doing.
Speaker 5 (02:47):
They want a greater role for the state, and that
includes an economic administration. So they want to make something
political out of economic issues. But when the right does it,
it bothers me a great deal.
Speaker 1 (03:00):
Give me some examples about how the right does it.
How are they doing it right now?
Speaker 5 (03:05):
Well, the I mean I would say this, I think
that that trying to interpret economic data as always connected
to you know, if it's good data, it's because my
president did it.
Speaker 4 (03:19):
If it's bad data, it's because the other president did it.
Speaker 5 (03:22):
As opposed to the basic presupposition the first level of
economic data you assume might have nothing to do with
politics whatsoever. And so I would no more assume that
eggs went up because it was Biden's fault, then I
would assume that eggs go down because it's Trump's credit.
Both things are so preposterous and counterfactual. But the only
(03:45):
reason one would be tempting to do so is because
of the strong mesionic idolatrous a ruler of politics.
Speaker 1 (03:53):
Prices of eggs went up because of bird flew right,
And I'm pretty sure.
Speaker 3 (03:58):
That's the safe thing to say.
Speaker 1 (03:59):
Yeah, but yeah, But when they politically lay it all
on the line on these narratives, and these narratives keep
biting the dust due to reality, that's the self defeating
game that politicians play, and shouldn't What would you educate
the mary? I mean, you just saw the inflation report.
Did it surprise you?
Speaker 5 (04:17):
Well, no, because I've been saying for some time that
the numbers that are baked in the CPI are overstating
the real on the ground numbers about rent and shelter.
And that is thirty four percent of the CPI number.
Now that number is showing in the data. It had
been five or six percent, it's now four point one.
And so if you had that at the real numbers
(04:39):
that ZO and real litter and national apartment lists and
some of the real actual market purrent time data numbers
indicate are more like two to three. Then that would
bring the CPI number down to one point nine percent,
and that's where I believe the real number has been
for some time.
Speaker 3 (04:56):
So not just not just down, down probably even more.
That's right.
Speaker 5 (05:01):
And in goods, inflation in the data is zero percent,
so goods has come down, but services and states stubbornly higher.
Speaker 4 (05:11):
And then you get into things that are not called inflation.
Speaker 5 (05:13):
They're called high prices, meaning, hey, the overall price level
may never going higher, but man, oh man, why is
auto insurance so much higher? Why are used car prices higher?
That's a different story. Then you get to look at why, okay,
like eggs, Okay, why did everything else at the grocery
store go up one percent but eggs went up twenty percent?
And you can look at the actual causation. People don't
(05:35):
like to do that because we'd like to just talk
about inflation monolithically, and that enables us to talk about
it politically, and there's times when they should be talking
about politically. You know, we went we've gone through moments,
so politicians have done things that move the whole price
level up. Right now, Michael, we're clearly going to a
period where expeditions are going lower and growth expectations are
(05:56):
going lower. And I would say, what's a bigger story
a modest moderating of prices or growth expectations collapsing, And
that to me is that's clearly a policy issue around
the tariffs and the trade wars.
Speaker 3 (06:12):
All right.
Speaker 1 (06:13):
Visiting with David Bonson, he's an economist, he is also
a money whiz and when it comes to the market,
That's how I was exposed to him watching Fox Business.
You know, I always say this about the unemployment number.
At the end of the day, I have no use
for it. I mean, I remember we were going through
the big economic challenge of two thousand and eight, two
(06:33):
thousand and nine, you know, and these unemployment numbers were
so misleading because they didn't take into account underemployment or
those who left the workforce, And so at the end
of the day, you just throw up your hands and go,
you know, these numbers are just worthless. Are the inflation numbers,
consumer confidence numbers? Are they becoming just as worthless? And
how do they get there? Why can't we have just good,
accurate economic indicators.
Speaker 5 (06:55):
Well, consumer confidence has always been worthless and it has
never been a leading indicator. And consumer confidence is just
simply not something that can be measured as a forward indicator.
I don't agree with you, by the way, that I
think the unemployment numbers are worthless. I just think that
they're incomplete, which is probably what you mean. Yeah, in
other words, you know, the underemployment number was available.
Speaker 4 (07:15):
It just isn't the same thing as the unemployment.
Speaker 5 (07:17):
Right, both data points come out every single month.
Speaker 3 (07:20):
They're just put it in yours.
Speaker 1 (07:21):
But let's just stop then do that real quick for
everybody in your world underemployment. I lived in Tulsa, Oklahoma
when Sitco left, and Sidco didn't just leave Tulso, Oklahoma
as the largest employer, left the country and went back
to Venezuela, which was a whole other total economic picture
in terms of energy and jobs. But I saw so
many people losing two two hundred and fifty thousand dollars
(07:42):
a year jobs and then they were taking ten dollar
an hour call center jobs. That's underemployment. Well, that's a
big difference, because then you're not buying the homes that
create such commissions for realtors, or buying cars that pay
such commissions for car salesmen, or paying taxes.
Speaker 3 (07:57):
At this level, I mean it's night and day. I
mean it's helping you.
Speaker 5 (08:01):
But Michael, there's absolutely no scenario ever and there nor
was there a no eight where you're going to get
a big spike in unemployment without also getting a big
spike in unemployment in the two thousand and eight and
nine and by the way, ten numbers too, because Obama
had to own that there is easy President Obama had
to own that during the mid terms of twenty ten
that we were still sitting at over ten percent unemployment.
So you had a big spike in unemployment, which was
(08:23):
itself a factor that as you point out, infected wages,
spending activity, but the unemployment number was significantly higher too,
So those two are highly correlated. The other one you
brought up is the bigger deal to me, which is
the labe of participation for us, And you're exactly right,
the unemployment number doesn't measure it. But I just have
always said there are two different things in both of
(08:44):
a matter, the unemployment number matters to understand how many
jobs there are. The labor participation force matters to know
how many workers there are, and those are two different things.
Speaker 1 (08:56):
Yeah, and we've had more workers than we've had jobs
for a long time. All right, So help my your
morning show family understand all these indicators that are narrativized
and politicized. How do we get those out of our head?
And what do you follow and what should we follow
to really understand where we're at.
Speaker 4 (09:10):
I don't.
Speaker 5 (09:10):
I don't think it's the matter getting the numbers out
of our head. I think the problem starts with us
in the mirror. It's the way we want to think
about the numbers. Hear the numbers, you know, the whole
thing with the news cycle, like where there's a crime
and the left like there's a shooting right and there's
a political tendency that the left kind of hopes it's
a crazy right winger and right kind of hopes it's
(09:31):
it's a Jihavist or something.
Speaker 3 (09:33):
So where the problem at? Yeah? Where the problem?
Speaker 4 (09:35):
Yeah?
Speaker 3 (09:35):
Yeah? I don't.
Speaker 5 (09:36):
I don't want to hear economic data if I'm being
an on it, if I'm going to manage the seventy
billion dollars of money I'm responsible to manage diligently. My
clients do not want me to hear data points and say, hey,
how can I put this in a political narrative?
Speaker 4 (09:50):
The data is not in a political narrative. I'm putting
it in a political narrative.
Speaker 5 (09:54):
But that's what I would say to our listeners that
there is no need to put in a political narrative
where the data needs interpretation. Then people are going to
use their own belief system and worldview and what not
to do. So some of it is much more cut
and dry. But yeah, I think it's that knee jerk
tampus to want.
Speaker 4 (10:12):
To put it in there. That's what we have to
avoid doing.
Speaker 3 (10:15):
Shameless plug time. Do we have a dividend cafe this week?
Speaker 5 (10:20):
We must certainly do each and every week Friday, and
I will tell you it is one of my favorite
givning cafes. I have an open on my computer right
in front of me here at my hotel in Palm Beach, Florida.
I'm spending a few days at our Palm Beach office
and have been writing it for the last three and
a half hours.
Speaker 4 (10:35):
And I took a break from my writing to go
live on air with you, sir.
Speaker 3 (10:40):
What's the topic?
Speaker 5 (10:42):
It is on whether or not Trump no longer cares
about markets? And I'm going to make the very nuanced
argument that that is not a conclusion we should avoid
or a conclusion we should draw, but that there's a
lot going on right now that it feels different, and
I want to unpack it. What's going on in the
President Trump and the way she thinks about markets.
Speaker 4 (11:02):
So many of my Dividen Cafe tomorrow this may or.
Speaker 1 (11:06):
Not surprise surprise you, but so many of my listeners
appreciate you so much. Every week I probably get as
many emails about you and David's Nadi as anyone, and
I'm grateful for your time that you give us, and
I encourage everybody if you want more of our money
with David Bonsen, you can find that a Dividendcafe dot
(11:26):
Com always appreciate you. Have a good time, and Wes Palm,
we'll talk to you again next week or sooner if
conditions one. You got it. Eighteen minutes after the hour
when You're a morning show continues not one, not two,
not three, but your top five.
Speaker 3 (11:39):
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Speaker 2 (12:54):
It's your morning show with Michael Delchno.
Speaker 3 (12:59):
Now it's time to get your involved.
Speaker 1 (13:01):
I got one this from john Ford Coley from England.
Speaker 3 (13:05):
Dan and john Ford Coley.
Speaker 1 (13:06):
I'd really love to see you tonight. Nice to hear
you on the radio, partner. I'll see how far down
the road I can get before I lose you. I'm
going to Florida. I hope you're doing well. Love you brother.
You could be listening to the WLAC app and you'll
or the iHeartRadio app and guess what, it never disappears.
It never goes away. That's why we usually start every
(13:27):
segment with this is your morning show on the Aaron
streaming live on your iHeartRadio app. And we can't have
your voice. Can't have your show without your voice. I
don't remember where we're starting, but I think it's Seattle,
but I'm a.
Speaker 6 (13:38):
Native from northwest Montana. In response to the tariffson Canadian lumber,
maybe we need to remove some of the restrictions on
the timber industry that the crazy level environmentalists in place.
As I said as a native from northwest Montana, timber
industry was huge, but it's been virtually shut down. We
(14:01):
need to reopen those lumber mills and let the loggers
log those streets.
Speaker 3 (14:07):
Amen, super Amen, Amen, So be it.
Speaker 1 (14:10):
I'm sure that's on the radar, and I'm sure that
comes up in some of the negotiations with Canada. The
answer is both. It would take a while to get
all that changed and up and running and producing, so
it'd be nice to have lumber from both. But I
think that's the long term play. I think, you know,
Donald Trump gets it. He wants this stuff ultimately produced
here by us. Why jobs, That's what makes the VUG
(14:33):
good around, the VUG good around to marry Mary. Let's
get another lady's perspective.
Speaker 7 (14:36):
If I'm a Democrat who's a non essential federal employee,
I would be begging Chuck Schumer not to shut the
government down. They're already eliminating government positions, and once these
individuals go on furlough, it's going to be a real
world exercise on which positions could be eliminated. Just food
for thought, Have a great day, love the.
Speaker 1 (14:54):
Show, love you always, great perspectives. Yeah, I keep saying
that over and over again. I don't know where. I
don't know what they're endgame is on this survey after survey,
they seem to be out of step with the American people.
Today's was seventy three percent, including fifty three percent strongly
versus ten percent strongly negative, approve English as the official language.
(15:15):
It's a different Donald Trump, and the American people are
behind him this time. The Democrats continue to ignore that.
So you're trying to make it all about Doge when
America's four Doge. Two thirds of American support Doge, and
they're more outraged of what Doge is finding and how
long it's been happening than that doche is doing it.
That doesn't stop their obstruction opposition to Doge. And if
(15:36):
they continue to hang on Doge and the transgendered issues,
they're going to have a very rough midterm. It's that
their own demise in peril that they're playing. And the
same is true for what Mary's suggesting. Even if we
were to take your political narrative at face value. Oh
so Doge could cost people jobs, that may or may
(15:59):
not be dupliticatve or wasteful. How many jobs do you
think you're going to cost by shutting down the government?
But to Mary's strongest point, and you shut it down,
it'll make it even harder to get him back. That
they're just they they can't they cannot get their arms
(16:20):
around the line between obstruction and opposing.
Speaker 3 (16:24):
But they can't.
Speaker 1 (16:25):
I mean, in that survey of America being the official language,
do you know those numbers didn't even hold up within
their party? Sixty one percent of Democrats support English as
the official language. And now you're bragging you're going to
cost more jobs.
Speaker 3 (16:43):
Roger. Let's get Roger in real quick before the local brick.
Speaker 1 (16:46):
Yeah.
Speaker 8 (16:46):
I want to push back a little bit on the
idea that Canada might have the advantage on the terraff
of lumber. First of all, we do produce lumber here,
We get up some of it here. Second of all,
we can frame houses with steel. Historically been a little
more expensive, but as prices level out, it becomes more viable.
And lastly, if Canada doesn't have the income to buy
(17:08):
food with the money they make from lumber, they're going
to be in a bad spot.
Speaker 3 (17:12):
Just an opinion.
Speaker 9 (17:13):
Ma'm hi, I'm Andrea del Giorno and my husband, and
my morning show is your Morning Show with Michael del Jorno.
Speaker 3 (17:27):
Hi, it's Michael.
Speaker 1 (17:27):
Your Morning show can be heard on great radio stations
across the country like News Talk ninety two point one
and six hundred WREC in Memphis, Tennessee, or thirteen hundred
The Patriot in Tulsa or Talk six fifty KSTE in Sacramento, California.
Speaker 3 (17:41):
We invite you to.
Speaker 1 (17:42):
Listen live while you're getting ready in the morning and
to take us along for the drive to work. But
as we always say, better late than never. Thanks for
joining us for the podcast. I pick my heroes very carefully.
I have found role modeling to be a great shortcut
in life. I allow people and the wisdom. Wisdom, by
the way, is different than now. Wisdom comes from having
lived or directly from the throne of God. I found
(18:04):
a lot of wisdom in deond de Mucci. For some
of my older listeners, you know him from Dion and
the Belmonts, or Abraham Martin and John. For others, you
may know him from his Inside Job and contemporary Christian music.
Deonda muchI will join us he's out with a new
book called The Rock and Roll Philosopher, and one of
his songs that changed my life forever. And I can
tell you, thirty plus years later, I'm still doing a
(18:26):
pretty good job of living in We're gonna visit with
DeAnda Mucci tomorrow and it's Friday. That means Friday with
forty seven. That always equals a fun Friday, fun worst.
Thanks first, I apologize, I hit the wrong sounder first.
Speaker 3 (18:42):
Thanks first, all right, everybody look him out.
Speaker 5 (18:45):
Look, you just gotta try harder, not the saw.
Speaker 3 (18:48):
Sons after the opportunity for a brief civics lessons. I know,
perhaps you'd like to be alone with you. That's a
deteriorating mental condition.
Speaker 5 (18:56):
Politics.
Speaker 1 (18:57):
I don't know us, as you know, we're all trying
to not suck as much.
Speaker 3 (19:03):
And then I hit the rug sounder.
Speaker 1 (19:04):
All right, So you're hearing the President and we talked
about this yesterday the matrix. So one side is saying,
promise made, promise kept. We did just fine and quite
better before the Federal Department of Education, and the President
talked about shutting it down and he's beginning to do so.
The other side, of course, is screaming what about.
Speaker 3 (19:26):
Our teachers, what about our kids? What about educating?
Speaker 1 (19:28):
He's not shutting down public school, he's shutting down the
bureaucracy in Washington that's done nothing but meddle and get
in the way. It will actually create more teachers, more
income from teachers, and better results in the classroom. Our
sound to day starts with this testimony before Congress, facts
(19:49):
that no one wants you to know when they're having
a political debate absent of an educational reality.
Speaker 10 (19:55):
Listen, So, if you go back to nineteen fifty and
I alluded to this briefly, there were two point thirty
six teachers for every non teacher in a school district
in America.
Speaker 3 (20:05):
Today it's one to one. So stated differently, for every.
Speaker 10 (20:08):
Teacher you see in a typical district in America, there's
a non teaching largely administrative counterpart. And so I mentioned
that one hundred percent increase in the number of students
in public schools across the country, and that there was
a two hundred and forty three percent increase in the
number of teachers. And I would just reiterate a seven
hundred and nine percent increase in the number of non
teaching staff from nineteen fifty to today.
Speaker 1 (20:31):
Seven hundred percent non teaching staff from two point three
teachers for every administrator one to one. All that's being
defunded is bureaucrats in Washington and non teachers at schools.
Why because it gets more about education than socialization and indoctrination.
(20:55):
So you have Chuckie Schumer grand standing today. I think
I got the motes to block this funding bill. Careful
what you ask for. So you're against doze because it's
going to cost federal jobs, And just how many federal
jobs you think it's going to cost if you shut
down the government. And how harder will it be for
them to get back if you shut down the government?
(21:15):
And what's their real rub Well, from their own lips,
it's doze, doze in trans But how can it be doze?
Speaker 3 (21:29):
After all? This is Chucky Schumer in twenty ten.
Speaker 11 (21:31):
Listen, about a third of all of the spending that's
done in Medicare and medicaid, I would imagine a lot
of it's in the private sector as well, doesn't go
to really good healthcare, goes to other things. And the
real numb of this is how do we ring that
waste out that fraud, abuse, duplication without interfering with the
(21:54):
good care that we want every person on Medicare, Medicaid
and private insurance to get.
Speaker 3 (21:58):
Where is this Chuckie Schumer today?
Speaker 1 (22:01):
Do you know how much I'd be supporting Chucky Schumer
if you talk like that today? What was our conversation
yesterday about the NGOs. The lesson from Elon Musk with
Joe Rogan was they're all hidden with ninety five percent
money laundering, agenda garbage and then five percent services necessary services,
(22:24):
good services to people in need. And so when you
start cutting those services, you start cutting those budgets. You're
trying to get rid of the waist and the fraud,
but leave the service or increase the service. Or we
just had that education conversation right, you're just getting rid
of administrative bloat and bureaucracy in Washington.
Speaker 3 (22:43):
What does it do doesn't jeopardize teachers.
Speaker 1 (22:45):
It gets more teachers, better teachers, better results. But look
how perfectly Chucky Schumer got it in twenty ten. You
got to find the wasst in fraud, ring it out
without ringing out the services they provided. These same people
(23:06):
that got it in twenty ten are now playing that
game backwards. Now, if you stand against ninety five percent
way they say, you're standing against the five percent that
actually get the services through efficiency, America is worse off
(23:26):
because this party has lost its mind. They would just
get it back, or if their party would get control
of their party and replace them with people that get
it again. And they got about oh last time, I
looked three months tops to get their.
Speaker 3 (23:42):
Act together before the midterm. Sean had on He's everywhere
Stephen A. Smith.
Speaker 1 (23:50):
I really think his attempt is to be the job
the baptist for another candidate. But if he's not careful,
he's going to be the most viable candidate for the left.
But he joined Sean Hannity to discuss in essence, I
think Red would agree if I shorten it to this,
Obstruction is not leadership.
Speaker 3 (24:13):
Opposing is not a plan.
Speaker 2 (24:17):
Here's the problem, one of the problems, one of the
many problems with the Democratic Party, outside of not being
known as the party that caters to the working class,
outside of being known as the party that leans so
far left, you made Trump seem normal. Outside of all
of those things, here's the ultimate crime that's going on.
(24:37):
They're literally sitting up on Capitol Hill.
Speaker 3 (24:40):
Not all, but most of them. They're the party.
Speaker 2 (24:42):
They're literally sitting up on Capitol Hill acting like their
only job is to be in the opposite of Donald
Trump in every way, shape, form, and fashion. That's not
going to get them the midterms, that's not going to
help them regain the White House. It's it's fool's gold.
And somebody needs to tell them. I'm trying to tell them.
I don't think I'm alone, but when the Conservatives like
(25:04):
yourself and various others are uttering this stuff, it pains
me to say, you're right.
Speaker 1 (25:14):
I don't know what it says that there's two loan
voices that if the Democrat Party would awaken and listen to,
they have a future. If they don't, they're about to
lose the future, not just in a midterm but forever.
And one's a sports guy and the others the only
senator that wears hoodies and sweatpants every day to the
(25:38):
club of one hundred and I can't emphasize this enough.
Most of you follow, whether you get it through X,
whether you get it through Facebook, whether you get it
through podcasts with Goofballs on the View or CNN or
MSNBC or abcnbccs meet the press sixty minutes are saying,
(26:02):
or we even Washington Post, New York Times for them.
I got news for you. Stephen A. Smith is meeting,
is reaching more Democrats than all of them combined. But
this is a party that didn't listen to its constituents
and voters in twenty sixteen, twenty twenty or twenty twenty four.
What makes you they're going to listen to Steven A.
(26:24):
Smith today? We did get the report today that a
federal judge is ruling that a Propala State in Columbia
University activist will remain in jail. Marco Rubi, or Secretary
of State, defends this detention and explains why.
Speaker 12 (26:42):
When you come to the United States as a visitor,
which is what a visa is, which is how this
individual entered this country as on a visitor's visa. Okay,
you are here as a visitor. We can deny you
that visa. We can deny you that if you tell
us when you apply. Hi, I'm trying to get into
the United States on a student visa. I am a
big supporter of a murderous, barbaric group that kidnaps children,
(27:03):
that rapes teenage girls, that takes hostages, that allows them
to die in captivity, that returns more bodies than live hostages.
If you tell us that you are in favor of
a group like this, and if you tell us when
you apply for your visa, and by the way, I
intend to come to your country as a student and
rile up all kinds of anti Jewish student anti Semitic activities.
I intend to shut down your universities. If you told
(27:25):
us all these things when you applied for a visa,
we would deny your visa.
Speaker 3 (27:28):
I hope we would.
Speaker 12 (27:29):
If you actually end up doing that once you're in
this country on such a visa, we will revoke it.
And if you end up having a green card, not citizenship,
but a green card as a result of that visa
while you're here in those activities, we're going to kick
you out.
Speaker 3 (27:42):
It's as simple as that. This is not about free speech.
Speaker 12 (27:44):
This is about people that don't have a right to
be in the United States. To begin with, no one
has a right to a student visa. No one has
a right to a green card. By the way, So
when you apply for a student visa or any visa,
enter the United States, we have a right to deny
you for virtually any reason.
Speaker 1 (27:58):
So the left has been just dying on the hill
of transgendered men competing against women. They're dying on the
hill of being anti Doge. They're dying on the hill
of a lot of the And now are they going
to make this the next hill? Can you imagine what
tomorrow's poll would be about whether we should let pro
hamas anti Israel, anti American agitators here on student visas.
(28:23):
By the way, I mentioned how Fetterman, along with Stephen A.
Smith as a lone voice of reason, will wrap up
our sounds of the day with Fetterman urging Democrats to
maybe start talking like normal people, starting with this whole
demonization of oligarchs.
Speaker 3 (28:43):
Ope, it's like delay, there's our.
Speaker 9 (28:45):
Idea that we're sort of creating American oligarchs.
Speaker 1 (28:49):
Yeah, and I would just I was asked, by the way,
I got to stop and tell you. He's wearing Jim
Shortz long, loose, faded with an oversized hoodie, socks and
gym shoes. Doesn't look anything like a senator as always,
but sounding more like one than ever.
Speaker 3 (29:09):
Perhaps the start talking like a regular person.
Speaker 13 (29:12):
Most people I'm not sure what an oligarch is, you know,
it's like, okay, is an oligarch? Is it like a
rich Is it a rich a rich dude or woman?
Speaker 3 (29:20):
Okay?
Speaker 13 (29:21):
Well, but there's also another a little secret to Democrats.
You know, we like billionaires if they're giving to our
our causes or to our party as well too.
Speaker 3 (29:33):
It's there's a difference between them.
Speaker 4 (29:35):
It's unlimited money.
Speaker 3 (29:36):
It's unlimited money.
Speaker 13 (29:37):
That's the poison of American democracy. Get rid of unlimited money,
and then that would render billionaires on either side to
to those kinds of the thing. And so remember a
lot of these billionaires that were in tech, they used
to be more friendly to the democratic interest in our
party as well too. So unlimited money, get rid of that,
(29:59):
and that would transform America more than any single.
Speaker 9 (30:03):
But absolutely, we are fifteen years and two months since
the Citizens United decision, and it has changed politics forever,
it seems. But there's a difference between very wealthy political
donors and very wealthy people inside the government making decisions
they could potentially enrich themselves and their businesses.
Speaker 4 (30:22):
Look at Elon Musk.
Speaker 9 (30:24):
He hasn't divested himself from his businesses and he's a
guy with thirty eight billion dollars worth of government contracts.
Speaker 3 (30:29):
That's different from being.
Speaker 9 (30:30):
A Democratic donor who has the president's here or at
the very least.
Speaker 4 (30:34):
His phone number.
Speaker 1 (30:38):
I mean, remember what we just said. Can you imagine
five years ago if anybody would have said there's going
to be two sound Democrat voices, John Fetterman and Stephen A.
Speaker 3 (30:50):
Smith from ESPN. I mean, never mind that you'd have
never guessed those two names.
Speaker 1 (30:56):
But notice how the host is fighting him, not listening
to him.
Speaker 3 (31:00):
That's a big part of the democrats problem. This is
your Morning show with Michael del Chongo.
Speaker 14 (31:07):
That he voted against the bill to keep men out
of women's sports. Also, he boycotted the president's speech for
Joint Session of Congress.
Speaker 3 (31:19):
So I don't think he's the goodie two shoes.
Speaker 14 (31:22):
You think he is more like a wolf than a
sheep's hoodie sheep.
Speaker 3 (31:27):
That's cude.
Speaker 1 (31:28):
Nobody's making them a hero. Can we have a sensible
conversation without people going to extremes. I'm just saying, in
a party far far left, who'd have thought he and
Stephen A. Smith would have been the voices of reason
in their world of reason? By the way, he was
going to vote for the spending bill, or is going
to vote for the spending bill. So but yeah, I'm
(31:49):
not saying he's a glorious person. Fetterman for president, give
me a break, Come on, listen and be reasonable. Roy
o'neils here the thirty day seasfire between Russia and Ukraine.
Is it on the horizon? Well, the Ukrainian peace is
off to a good start, but rory the heavy lifting
the Russian side.
Speaker 3 (32:05):
We knew that from the beginning.
Speaker 15 (32:06):
Right well right, And Steve Whitkoff, the President's point man
on this, arrived in Moscow a short time ago. Where
getting some indications from Moscow they're not going to be
going to be on board with this without an awful
lot of concessions. They want assurances that Ukraine won't be
joining NATO, that there won't be NATO forces on the
(32:26):
ground in Ukraine trying to keep the peace afterwards. And
this is just for a thirty day cease fire. It
seems that there will be a lot of big asks
from Moscow.
Speaker 3 (32:35):
We'll see what happens.
Speaker 1 (32:37):
Those sound reasonable that those sound like a reset to me. Obviously,
they didn't want Ukraine in NATO. There was no indication
Ukraine was ever going to be in NATO until there
was a political verbal volley that gave that implication. So
I don't know that that's not something both sides are
(32:58):
willing to grant. I don't know that, but he feels
a need to have Ukrainian forces or sources on the
ground inside Russia. They just want to keep them out,
and they got their assurance the Americans going to back
and hold putin to his I guess what I'm getting
at is, as.
Speaker 3 (33:13):
You described that, I think it's doable well, but this
is just for a ceasfire, you know.
Speaker 15 (33:19):
I think what you bring up may be part of
a broader piece that you know, yeah, like longer term,
but just to get to this thirty days, Russia may
want a lot of big assurances. I mean, look, I
mean to have the NATO question on the thirty day
CeaseFire's pretty ridiculous. There's no way Ukraine is getting into
NATO in the next month, So, you know, things like
(33:40):
that that are almost distractions at this point. But there
is also the financial side of this. You know, when
do you lift sanctions on Russia? When do you unfreeze
those assets? That have been taken all around the world.
Those are some of the things also in the mix.
Again just for a thirty day Seaspire not a broader piece.
You know, it's often been compared to in our final minute.
(34:01):
It's often been compared to a mediator being involved in
a very contentious divorce. So clearly both parties hate each other.
Clearly both parties could never on their own solve this. Ultimately,
what allows it to break through somebody identifying just enough
from each side to find a middle ground. But really
(34:23):
buried under that is you really want to be divorced?
You know, that's the ultimate question. Do they do both
sides really want this over? And the assurance it would
stay over.
Speaker 1 (34:34):
I know that's the case for Ukraine if you can
give him assurance that you won't allow him to change
his mind and reinvade.
Speaker 3 (34:40):
You know, what we.
Speaker 1 (34:40):
Don't know is does Russia really think this is a
winnable war or are they ready for it to be over?
That's what I think is underlining all of this right well, right.
Speaker 15 (34:51):
And look, you know Russia can't sustain this much more
either in terms of they're bringing in North Korean troops
in order to fight this war.
Speaker 3 (34:57):
Their army's been so depleted.
Speaker 15 (34:59):
And you know whether or not now you get more
US and NATO forces involved, and whether or not it's
no longer a proxy war, I think is the broader
question becomes the more direct conflict.
Speaker 3 (35:11):
That's the bullseye.
Speaker 1 (35:13):
Everybody should be rooting for this ceasefire becoming a permanent
peace plan, because the way it's escalating is towards world
war and I don't think anybody wants to go to
World War over this. Rory has always great reporting. We'll
talk again tomorrow. All right, one chance to live today.
Get out there, make a difference in someone's life.
Speaker 3 (35:29):
We're all in this together. This is your Morning Show
with Michael hild Joe or No
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