January 8, 2026 • 35 mins
How might the Venezuelan oil disruptions impact energy costs and the economy, we’ll get analysis from our economist and money wiz David Bahnsen.
Always revealing and often entertaining, it’s the Sounds of The Day!
National Correspondent RORY O’NEILL will have the latest on the seizure of a Venezuelan oil tanker, increasing tensions with Russia. National Correspondent RORY O’NEILL has the story.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Hey, it's me Michael. Your morning show has heard live
from five to eight am Central, six to nine am Eastern,
three to six am Pacific on great radio stations like
News Radio eleven ninety k EX in Portland, News Talk
five point fifty k FYI and Phoenix, Arizona Freedom one
oh four seven in Washington, d C. We'd love to
have you join us live in the morning, even take
us along on the drive to work. But better late
(00:22):
than never. Enjoyed the podcast.
Speaker 2 (00:23):
Well two three 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
O'Dell Jordan.
Speaker 1 (00:40):
Where do we find all these signers? It seems like
everybody that's doing sign language at these political presents and
what yesterday in Minnesota with Governor Walls. Yeah, they look
they like a crazy looking I mean, nobody ever just
looks normal. Then this one's got it's a woman with.
Speaker 3 (00:57):
A shaded ends. He's making all these fai. I'm like.
Speaker 4 (01:02):
Understanding.
Speaker 1 (01:03):
I would think that the hands are telling what the
words are. I don't have to make the faces too,
do they or is that just to I don't try
to add the emotion to the hands or I don't know,
I'm fascinated by it anyway.
Speaker 3 (01:13):
Eight minutes after the hour, good morning.
Speaker 1 (01:14):
And welcome to Thursday, January, the eighth year of our
Lord twenty twenty six. Senegate to vote today in an
act of political defiance.
Speaker 3 (01:23):
To.
Speaker 1 (01:25):
Resolve to block the President from taking any further action
with Venezuela.
Speaker 3 (01:29):
Nobody expects us to go anywhere.
Speaker 1 (01:30):
And as we mentioned last half hour, John Decker, our
white US correspondent, referring to this as having some bipartisan support.
That means every Democrat and Ran Paul One added Republican.
Speaker 3 (01:40):
We call that bipartisan.
Speaker 1 (01:42):
Now, Homeland Security Secretary Christy Nomes says that the woman
shot during the ice operation was stalking immigration officers, not
to mention the video clearly shows she was trying to
escape and run over one of the officers. Venezuelan officials
say one hundred people were killed saturday in that US
raid the captured press at Nicholas Maduro, and protests are
(02:02):
expected today to disrupt any meetings being held on the
White House ballroom renovations. How divided are we in America?
We can't even agree on the the food pyramid or
a ballroom at the White House. We get a lot
of economic things that pop up. The Zilo ceo saying
(02:22):
that no progress has been made. He sees no change
in housing in America. We do see inflation down. In
the latest report, the GDP was up and higher than expected.
The market has been up a few days, flat a
few days. And then there was the seizing of this
oil and the extraction of the president, and everybody expected
(02:45):
energy crisis, but not a blip. How might this oil
disruption impact energy costs? How is the economy looking in general?
And what does twenty twenty six look like it holds
in store? We don't have all the answers, but our
economist and money was David Bonson is always here to
walk us through it.
Speaker 3 (03:04):
David, good morning and happy new year.
Speaker 4 (03:06):
My friend, good morning and the happy new Year.
Speaker 5 (03:09):
And maybe that be the very final time I say
Happy New Year to anybody.
Speaker 3 (03:13):
It's right, you got it. Well one last one for me. Thanks.
Speaker 1 (03:18):
There is the big story of the president saying he
wants to ban any large capital investors from buying homes.
There is the Zillow CEO who's saying, I don't see
anything happening in the economy, or with interest rates, or
with new houses.
Speaker 5 (03:35):
That was the banning of buying homes. That was the
president who said it. That wasn't mayor Mum, Donnie or
Elizabeth Warren or Bernie Sanders.
Speaker 1 (03:46):
Can I tell you, I just want to make sure
just so we can be family. Can I tell you
what Red said off there? Just bring up the president's
quote and then we can just watch him explode.
Speaker 4 (03:56):
See he aggravates you.
Speaker 3 (03:57):
I fear you, he aggravates you.
Speaker 5 (04:00):
Oh no, listen, this is this isn't something that aggravates
me when the president does. It is something that depresses
me that people on the right.
Speaker 4 (04:10):
Would put up with it.
Speaker 5 (04:12):
That the president has always been more of a pragmatist
and sort of untethered by various you know, first.
Speaker 4 (04:19):
Principles is kind of known.
Speaker 5 (04:21):
And then what you get out of that is sometimes
he's right on things and other times he's wrong. And
there's a lot I disagree with and the way he
conducts himself, and then there's other things he's done that
I think have been great. I'm so used to that, Michael,
it doesn't even phaze me. But that people on the
right who call themselves conservatives. In two hours yesterday we
(04:41):
got one tweet saying I'm going to ban all institutional
ownership of residential real estate, and then two hours later,
I'm going to ban all of our defense companies who
are the best in the world and making the best
stuff from returning capital to their investors. And I literally
really just all I can do, which I do this
(05:02):
all the time, is say, oh, I would love to
see and just take out the person who said it,
put in Barack Obama and.
Speaker 1 (05:09):
See what all of these folks would do. Then well,
and you're right to be frustrated. I remember, Look, you
could take the classic base of trump Ism and MAGA
and what is outside of the border. What's their number
one beef, And it was the weaponization of COVID and
(05:30):
the shutting down of the economy, like it's a light sweat.
Speaker 3 (05:33):
Well, and they forget who did it?
Speaker 1 (05:35):
You know, so you know, and they support so we
see this kind of thing. But if you could, because
I know there are some and I pray it's not
the case on this show that I guarantee you that
David Bonsen is not anti Trump. I guarantee you that
I'm not anti Trump, that doesn't mean he is the
Lord thy God and is infallible. This is a really
(05:58):
bad economic idea and tweet where is it coming from?
Do we think this one is a bad advisor? Do
we think this is just this one came from Trump?
And why is it such a bad idea?
Speaker 4 (06:10):
Yeah, I mean that's always a good question.
Speaker 5 (06:11):
I can't give the names right now, but I got
two texts yesterday from Trump economic advisors saying they were
horrified by it. And so I know that there are
certain disagreements with an administration on tariffs, but on things
like this, I mean, there's more people that support the
tariffs than like me disagree with them. But on stuff
(06:33):
like this, I really can't imagine who believes it's a
good idea for housing when we have this major deficit
of new supply that's created an affordability crisis. And to say, well,
the solution to that is let's take away the ability
of people to go build new housing at scale.
Speaker 4 (06:51):
It's just so crazy and counterproductive.
Speaker 5 (06:54):
And then you know, I get the thing of people saying, oh,
you're just this rich Wall Street guy who wants to
defend private equity, and I say, okay, that's fine. I'll
I wish people could understand how bad this is for
the people it's supposed to be helping.
Speaker 4 (07:10):
Nobody needs to worry about me.
Speaker 5 (07:13):
No one needs to worry about the one percent, or
the wealthy, or the private equity people.
Speaker 4 (07:18):
That's not what my concern is.
Speaker 5 (07:20):
My concern is, first of all, it's a just rank
and denial of private property rights, of free markets. The
notion that the government should ever be picking who buys
and sells. This doesn't just block private equity or institutional
investors from buying, it blocks you from selling. You now
(07:41):
don't have a seller to sell to because they have
been taken away by a politician who, in their right
mind sink this is a good idea.
Speaker 4 (07:51):
That's right, the idea.
Speaker 1 (07:52):
Oh, I was just gonna say, that's why what you
started with was so important. This is like, this is
what my mom, Donnie and his housing czar would exactly
be selling. I'm I actually was gonna ask you, do
you think this came from that meeting with mom Donnie.
Speaker 4 (08:12):
Well, no, because it's been around a long time.
Speaker 5 (08:14):
Elizabeth Warren has been saying this for many years, so
as Bernie Sanders. But you used an adverb a second
agoes it's very important.
Speaker 4 (08:21):
Exactly. This isn't one of those.
Speaker 5 (08:23):
Things where it's like, oh, you know, so and so
is a communist, so and thos a socialist, so and
so's a you know, we're using words just as a pejorative,
you know, exaggerations. This is exactly literally from the policy
playbook of the far progressive left, and it is populist.
Speaker 4 (08:42):
And it's why in horseshoe theory, right.
Speaker 5 (08:45):
Wing and left wing populism ends at the same place.
Speaker 4 (08:48):
You either believe the government.
Speaker 5 (08:50):
Should be centrally planning the economy or you do not.
Speaker 4 (08:55):
And and by the way.
Speaker 5 (08:57):
Private equity companies should not be getting any special favors.
They shouldn't be getting lifts from zoning laws that other
mom and popa citizens wouldn't get. I'm not suggesting there
should be any favoritism. But what I'm talking about here
is pretending that people who own point four percent of
the housing stock in America are somehow creating an affordability
(09:21):
crisis when we went years and years about building new
housing and there wasn't capital formation coming in.
Speaker 4 (09:28):
This is just utterly crazy.
Speaker 5 (09:31):
And then there's this whole issue I'm writing an article
on it right now, where people say, oh good, it's
going to go after black Rock because they don't know
the difference between black Rock and Blackstone, which is a
fair enough mistake to make just in terms.
Speaker 4 (09:44):
Of the English language. But they're two different companies.
Speaker 5 (09:47):
Black Rock doesn't own residential housing, they own ETFs, they
own s and P five hundred index funds that investors own.
Speaker 4 (09:57):
So there's just all this confusion.
Speaker 5 (10:00):
And it's all driven by what trying to get aligned
with who you want your enemy to be. That's not
the way we're supposed to think through things, Michael.
Speaker 1 (10:08):
We're visiting with David Boonson. He is our money whiz
and economist and you might see him on Fox Business
and we're so honored to have him once a week
here on the show. And of course we encourage you
to read the Dividend Cafe. It comes out every Friday morning.
I guess I would go back to this the housing
crisis in general. As long as there are many of
(10:30):
us sitting with two and a half percent interest rates,
we're not going to be as likely to move, especially
when homes are costing more in the interest rate is double,
so that's an inventory issue. We had a high influx
of immigration that kept the rents high. At the same time,
because of availability, we haven't been building like we should
(10:50):
be building. I don't know what the interest rate level
would be. I don't think the interest rates are going
to get much lower than four and a half, and
I don't think mortgage rates are going to get much
below five and a half. Ever, so you certainly don't
want to block the capital that is needed. We haven't
even addressed the zoning issues. I mean, I was just
(11:11):
taken by like in California we lost I can't remember,
it was thirteen thousand homes in those wildfires, and less
than a dozen have been rebuilt. Yet it's kind of
one of those all the above problems. Why is it
so hard to just get your arms around issues and
to start doing some right things to get things going
in the right direction, let alone doing nothing or kicking
(11:33):
around really bad ideas.
Speaker 3 (11:34):
It's very frustrating.
Speaker 5 (11:37):
Well, I think part of it is that you generally
don't do the right thing when you haven't started off
acknowledging what the problem was, where did it come from?
You know, the kind of classic thing on personal recovery,
people usually can't come up with a solution before they
admit there's a problem.
Speaker 4 (11:54):
So what is outly was the problem here?
Speaker 5 (11:56):
I mean, I think that that's one of the frustrations
I have with populous rage is not just that it's
bad solutions, but it prevents good solutions. It prevents sober
assessment and honest conversation. It's like the issue with tariffs
and drives and crazy. It's not just that tariffs do
a lot of bad things, which they do, but worse
than that, they avoid us having the honest conversation about
(12:16):
why did companies want to move manufacturing offshore to begin with?
What was the tax and regulatory environment that you central
planners and politicians created.
Speaker 4 (12:27):
That caused the thing?
Speaker 5 (12:28):
So we are constantly giving people basically a pass with
these bad ideas. But on the housing front, you have
to start with two thousand and eight and understand that
post crisis, there was no incentive to build because the
housing bubble had burst and we had millions of excess
(12:49):
homes for closures defaults, and it was the natural purging
of an asset bubble.
Speaker 4 (12:55):
And then in the aftermath.
Speaker 5 (12:58):
Of that, we highly highly high we regulated the space,
so there was very difficult times getting capital to come
back in and at the same time, because you know,
I have a Christian bend to this, might I add
we were living through a period of young adults that
were in the millennial generation that decided to be cute,
to shack up for a.
Speaker 4 (13:18):
While and not get married until they.
Speaker 5 (13:20):
Were thirty five or thirty seven, and not start having
kids until much later. So it created a total imbalance
in supply and demand between single family and multifamily, and
so markets responded to.
Speaker 4 (13:33):
That cultural change.
Speaker 5 (13:35):
Then when we already post crisis to normalize, at the
same time, they've added SIKA and others zoning and permitting
and environmental insanity, and it was very, very difficult to
build new housing stock.
Speaker 4 (13:50):
And then demand surged.
Speaker 5 (13:52):
We weren't ready with supply, and oh my gosh, it
must be Blackstone's fault.
Speaker 4 (13:56):
Dear BRD.
Speaker 1 (13:57):
I just can't closing moments, David Bonce, and our money
was all right. So in the end, for much better
well thought out reasons. You're kind of with the Zilo CEO.
You don't see a lot of change coming this year.
Speaker 5 (14:13):
Well, I do think that the administration is going to
try with different things that I don't believe that there's
much they can do to help.
Speaker 4 (14:19):
I think there's certain things they can do.
Speaker 5 (14:21):
Look, the greatest thing that could help for housing is
for prices to drop.
Speaker 4 (14:26):
Okay, that's what will help.
Speaker 5 (14:27):
And I'm not sure I agree with the Zillo CEO
that we won't have that. I just think at some
point sellers say, I've been holding this price.
Speaker 4 (14:34):
I've been holding this price.
Speaker 5 (14:35):
Okay, you know what, my wife really does want to move.
Let's just go ahead and sell it for ten percent
less than I thought it.
Speaker 4 (14:42):
Was worth two years ago.
Speaker 5 (14:43):
And I think you'll that's one of the biggest things
that could help queer housing is just for prices to drop.
That's what supply and demand curves are supposed to do
in a natural functioning economy. But throwing things out like
banning institutional housing or a fifty year mortgage, other things
like that, there's not there's not a lever here. President
Trump has I don't blame him for wanting to do something,
(15:06):
but the problem is that, you know, this is this
messianic view of politics that we've asked someone to do
something that they really can't do much about. If you
want housing to be cheaper, then quit going to city
council meetings and protesting when someone in your neighborhood wants
to go build new housing.
Speaker 4 (15:22):
Okay, that's that.
Speaker 1 (15:23):
That nib help, we're down to We're down to fifteen
seconds in a heartbreak tomorrow on the Dividend Cafe Year
in Review, Year.
Speaker 5 (15:32):
Ahead, a twenty page white paper that is sitting in
your email inbox right now. Michael, I gave you a
sneak preview of it about an hour ago.
Speaker 1 (15:40):
Oh I was known and Ben all right, we may
have to have you back on demand the Dividendcafe dot com.
David Bonson, thank you so much for joining us, and
one last time, Happy New Year. Happy to hear, take
care you got it. Listen, Owning a home is an
amazing thing, you know, until it isn't. I mean, like
one minute you're sitting having a cup of coffee and
I'm so proud of what God has blessed you with,
(16:02):
and in the next minute your ankle deep in water,
a pipe burst and repairs. They don't care about timing,
and if anything, they come at the worst timing for
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(16:25):
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(16:47):
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(17:08):
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terms apply on covered repairs.
Speaker 5 (17:27):
I'm actor jeff E.
Speaker 6 (17:29):
Howard, and my morning show is your Morning Show with
Michael del Jorno.
Speaker 4 (17:34):
Aka Pizza Boy.
Speaker 3 (17:42):
Hi, it's Michael.
Speaker 1 (17:43):
Your Morning show can be heard live on great radio
stations across the country like wilm and w DOOV and
Wilmington and Dover, Delaware, or wgst AM seven twenty the
Voice in Middle Georgia.
Speaker 3 (17:55):
We're gonna need some blankets.
Speaker 1 (17:56):
News Radio six fifty k e n I, Anchorage, Alaska.
We'd love to be a part of your morning routine.
Now enjoy the podcast.
Speaker 3 (18:03):
Let's get you informed.
Speaker 1 (18:05):
We do have the semi final, first semi final game
coming your way from Glendale, Arizona, the Fiesta Bowl. That'll
be six thirty Central tonight, ten seed Miami the Hurricane
versus six seed All Miss the Rebels. And then tomorrow
night is the Peach Bowl from Atlanta and that will
be Oregon and Indiana. Meanwhile, everything else just kind of
(18:26):
adds up to what this morning's opening monologue was all about. Somehow,
these very blue rogue cities have turned into very blue states,
and all of the political partisan theater games that have
always been played in Washington through the Internet through talk
television twenty four hour news cycles has become a national
(18:48):
cultural dysfunction, and that has led to a partisan matrix
of two simultaneous different realities. And we see it Minnesota
with the ice shooting of a thirty nine year old woman.
We see it with the food pyramid. We even see
it with the ballroom renovations at the White House. This
(19:14):
has suddenly led to the divided states of America. Now,
we have been a little bit leaning to talk back
heavy today, so let's get some emails in. I brought
up the sign language in the faces, and my guess
was that the hand signals are giving a deaf person
(19:36):
what they're saying, and then the facial is giving you
the inflection.
Speaker 3 (19:41):
Or the tone of what they're saying.
Speaker 1 (19:42):
Remember when emails first came out and people started, you know,
fighting because of emails, bosses taking things the wrong way
or employees taking the wrong way. And that's because you
would read the email in your opinion of the person
or in the tone are you projecting or thinking they're
saying it in and not the one that was intended. Well,
(20:07):
it turns out I'm right. I could have picked any
number of three or four listeners who have family members
who are in sign language business. But I'll pick Rachel.
My daughter took American sign language for her foreign language
class in high school. Facial expressions we learned are a
really big part of signing. It's like the tone in
your voice. It was a fun and interesting subject to study.
(20:29):
At another listener it was they were actually professionals, and
that's what this is all about. Timothy writes Michael, I
have only heard you cry as an adult a couple
of times, and one of those times was the day
Rush Limbaugh passed away. Just wanted to thank you for
your show and fulfilling the void that was left by Rush.
Speaker 3 (20:48):
Thank you again.
Speaker 1 (20:48):
A loyal listener in Oklahoma City, tim Ti praise, thank you.
Not worthy, but thank you, Mike.
Speaker 3 (20:59):
I mean, I've heard that.
Speaker 1 (21:02):
I've heard this brought up several times. Why don't we
just pick a state and turn that state into like
a halfway state, specifically for immigrants. Immigrants that want to
come to America would live and work in this halfway
state until they become a legal citizen. They wouldn't be
(21:22):
allowed to leave the halfway state until they became legally
able to do so. You know, we're a sovereign nation,
and to remain sovereign, you have to protect your borders,
and you have the right to decide who comes and
who doesn't, and how they behave when they come. When
(21:45):
their first act is to break the law, and you're
going to ignore that, you can expect now the bad
players are the ones that are really wreaking havoc. And
the bad players are the ones that go on to rape, steal, kill.
(22:05):
But you'll find that. And I don't like to play
shirts and skins, but you will find the left consistently
they'll defend them all. Now to cut to the chase today,
the game that's being played is you have a very
very not that they've owned up to this either. This
kind of falls under a bipolar reality partisanally, but you
(22:29):
have a major dysfunction. And the scandal goes beyond that.
The facts are feeding our future. That was supposed to
be a nutrition program for kids, That money was all laundered,
(22:49):
stolen through wire fraud. And what we haven't even gotten
to yet is and where did it all go? Some politicians?
Here a lot of terrorists there that ought to be
your real concern. We're talking hundreds of millions of dollars
of taxpayer money stolen. And not only was nobody watching
(23:13):
over the case of Keith Ellison, he was running cover.
But in this partisan divide that we live in, half
will support it, half will defended and view the other
half as just attacking. And then you get to the
shooting same thing. Let me demonstrate what I'm talking about,
(23:38):
this political theater that has turned into cultural dysfunction. And
I know of no better way than our sounds of
the day.
Speaker 3 (23:50):
Consequence.
Speaker 5 (23:50):
It's the best way to get back on your faers,
to get up off your arm.
Speaker 1 (23:53):
I've been living rent free in that guy's head for
years and that's just a bum.
Speaker 4 (23:56):
Do you call that chicken a add They're just blowing off,
all right.
Speaker 1 (24:01):
So again it depends on which side and which narrative
you choose.
Speaker 3 (24:08):
Some of you seen the video for.
Speaker 1 (24:10):
Yourself, and you see a thirty nine year old who
can't prove and I can't know if she was stalking
ICE agents and their operations. Red brought up the best
point of the day. In states and cities that are
not in opposition mode, local law enforce would aid ICE
(24:33):
in its operations by keeping and holding a perimeter in
the blue cities and the Blue States, they don't.
Speaker 3 (24:39):
And these people are throwing ice at ICE snowballs.
Speaker 1 (24:44):
This woman, according to Christy Noame, Homeland Security director, was
stalking the operation all day. When the ICE officers approached
the vehicle, oh, she did not want to discuss it.
And not only does she start trying to pull away,
she tried to physically with a vehicle at that point
a weapon run over one of the officers. So on
(25:09):
the right, they'll tell you, and self defense and in training,
he took the thirty nine year old's life. I stop
right there just to remind everybody. We'd all like her
to be alive today, and I suspect she would be
if she wasn't interfering with ICE operations ginned up by
either television or politicians. And certainly she'd be alive if
(25:29):
she didn't try to run over the officer. But what
is the mayor of Minneapolis's response, Well, he doesn't claim
any accountability for how they are demonizing and defying ICE
and not securing a perimeter to protect He could have
(25:51):
protected her by securing a perimeter.
Speaker 3 (25:54):
No, he's got one simple message for ICE, f you listen.
Speaker 7 (25:57):
Having them there was only making a difficult situation, even
more problematic than one that yes, they created themselves. There's
little I can say again that'll make this situation better.
But I do have a message for our community, for
a city, and I have a message for Ice.
Speaker 3 (26:21):
Two.
Speaker 4 (26:21):
Ice, get the fuck out of Minneapolis. We do not
want you here.
Speaker 7 (26:28):
Your stated reason for being in this city is to
create some kind of safety, and you are doing exactly
the opposite.
Speaker 1 (26:37):
Now, you're probably like me in thinking, first of all,
it would be your initial job. I mean, as a mayor,
Jacob Fry, your job number one priority in a municipality,
it's a public safety. Now out a long list of
(27:02):
leftists like you don't believe in that, or you pick
and choose when you believe that they would have no
problem shooting an armed robber who tried to run over.
Speaker 3 (27:13):
A police officer.
Speaker 1 (27:16):
But because they've taken a position, and remember we always
say enjoying the comfort of an opinion without the discomfort
of thought, they have chosen. No. Just like abortion is
not murder, it's choice, breaking into the country is not
against the law. These people are victims, not perpetrators, and
we're going to give them safe haven. Oh, by the way,
(27:38):
when Ice comes to do the job that we're refusing
to do. We won't do anything to secure a perimeter.
Just f you and go away. We can't have some
cities that enforce the laws, some that doesn't. Some states
who enforce the laws don't. This little political theater game
(28:03):
that's being played for real is costing lives. Here's what
it sounds like in a congressional hearing. Now, this woman's
trying to grandstand a January sixth insurrectionist certainly didn't try
to run over anybody or kill anybody. And Tyler, this
(28:27):
is how well we get along, we discuss and debate.
This is the kind of crap that unstable and even
some stable Americans are getting ginned.
Speaker 3 (28:44):
Up and taking their accues from.
Speaker 1 (28:46):
Here's your functional government that is influencing a dysfunctional culture.
Speaker 8 (28:50):
Listen, he was an election denier, so an election fraud lie.
Now he claims he did these things the name of patriotism,
but really he's just a criminal.
Speaker 4 (28:59):
So raise your hand if.
Speaker 8 (29:01):
You oppose Trump's pardon of this Minnesota individual man.
Speaker 9 (29:06):
This grandstanding none exactly what Minnesota hate.
Speaker 8 (29:10):
About DC accountability, And you are hypocrites. So again I
will take your refusal. Chairman, she's off the rails my time.
I'm not off the rails. Please, you are totally off
the rails, Nancy Trumps, give me your time back.
Speaker 3 (29:26):
Order, miss Chairman.
Speaker 8 (29:27):
Republic.
Speaker 3 (29:38):
As I said earlier, One Nation under God, indivisible, Hell.
Speaker 1 (29:46):
Representative Nancy Mace, one of the addressing the fraud scheme
in Minneapolis.
Speaker 3 (29:52):
Uh, listen how she lays it out.
Speaker 9 (29:54):
Greeching Democrats like you just heard at our witnesses. Pocrats
on this committee don't want to talk about Minnesota fraud
because Minnesota fraud is Democrat fraud. You're going to make
a great host on MSNBC to be great. And this
is a cover up, I mean the very definition of
cover up. And so while we're still trying to understand
(30:15):
the scale of the fraud, it appears that the amount
of fraud we are talking about could exceed the size
of GDP in Somalia, the size of its economy.
Speaker 3 (30:28):
Well, we're talking hundreds of millions of dollars.
Speaker 1 (30:31):
As I mentioned to a guy that was an intelligence
officer that I was playing golf with, not that he
did revealed anything inappropriate. I just said, while everybody is
talking about this fraud, that's being revealed. Is anybody talking
about where it went and how it was used, maybe
to target and kill Christians. This money was being funneled
(30:55):
to BOCO harm. Somebody find out this is more than
just hundreds of billions a dollar fraud. This is dangerous stuff,
national security stuff. And then the notion that the Attorney
(31:16):
General of the state knew about it, didn't just turn
a blind eye, was running.
Speaker 10 (31:22):
Cover for Does large scale Somali immigration make Minnesota stronger
or weaker?
Speaker 3 (31:30):
Certainly stronger, certainly stronger.
Speaker 10 (31:32):
Do you know what percentage of Somali headed households in
Minnesota are on food stamps?
Speaker 3 (31:37):
No?
Speaker 10 (31:37):
What percentage of Somali headed households in Minnesota are on Medicaid?
Speaker 3 (31:41):
I don't know. It's seventy three percent.
Speaker 10 (31:43):
What percentage of Somali headed households are on welfare in general?
Speaker 3 (31:47):
I don't know. It's eighty one percent.
Speaker 10 (31:49):
What percentage of working age Somalians who have been in
the US for ten years or more ten years or more,
how many of them speak English very well? I don't
know about half. The answers about half. That seems pretty low,
doesn't it. It doesn't sound like something that makes our
country stronger to me, and I think most Americans would
agree with me on that.
Speaker 4 (32:10):
It's amazing to me.
Speaker 1 (32:12):
How you asked it again, I go back to the
John F.
Speaker 3 (32:19):
Kennedy quote.
Speaker 1 (32:20):
We too often enjoy the comfort of opinion without the
discomfort of thought. The first question is an opinion. Does
a large amount of Somali immigrants make a city, or
a state, or a culture stronger?
Speaker 4 (32:36):
Oh?
Speaker 3 (32:36):
Absolutely? Well?
Speaker 1 (32:39):
Do you know how many are a financial burden? Do
you know how many are not assimilating? This guy didn't
know any of those facts, but he had that firm opinion.
Sometimes everything that's wrong is right in front of our
face and nothing shows it, quite like Sounds of the day,
(33:04):
and you have spied.
Speaker 3 (33:09):
Stop it good to me. Don't you ever letting they
take your power from you?
Speaker 1 (33:14):
God?
Speaker 4 (33:14):
No, No, It is the motto keep come, come along.
Speaker 2 (33:23):
It's your morning show with Michael del Chno.
Speaker 1 (33:28):
If you're just waking up. The Senate is set to
vote today in a resolution that will go nowhere but
attempt to make a political statement blocking the President from
taking any further actions. In Venezuela yesterday, right about this second,
there was a lot of drama at Sea a Russian
sub escorting a Russian flagged tanker, and then the tankers
(33:49):
and the US personnel getting on board. I mean, Roy O'Neil,
our national correspondent is here. Felt a lot like the
Cuban missile crisis, didn't it? But it turn did it
turned out o all right? But make sure wonder what's
in the future.
Speaker 6 (34:03):
Yeah, except a lot of this was also happening off
the coast of Iceland, not necessarily what you would have expected,
because this Venezuelan tanker was essentially or this tanker to Venezuela,
essentially operating as a ghost ship, turning off transponders and
trying to mislead people as to where it was. It
was apparently on its way to Venezuela empty to pick
up oil to trade on the black market. When it
(34:26):
turned around, skidadled and then was pursued by the Coastguard
seal teams then finally captured the ship, as I said,
about two hundred miles off the coast of Iceland, now
under a Russian flag. So it's not even really clear
exactly who owns this thing.
Speaker 1 (34:40):
Right, you know, we talked about this yesterday. This whole
thing has been very humiliating for Putin. I mean, what
good is having Russia as your ally if it can't
protect you in a country? Goes right in an extract.
But these tensions will continue, These these games, political games,
if you will, will continue. And it's really somebody's gonna
blink type of ISSI shoes. So far all the blinking
(35:01):
spent on the other end.
Speaker 3 (35:02):
Yeah.
Speaker 6 (35:03):
And this is the second of two vessels seized this week.
Another one we don't know as much about, called the Sofia.
It did have some oil on board. Both these tankers
are being brought back to the US. The Sofia was
stopped in international waters, apparently just outside the Caribbean, but
it was also sort of putting this oil out there
in the black market. As we heard from Secretary know
(35:24):
Him yesterday, she said, these taking these tankers is part
of that continuing effort to disrupt the funding of narco terrorism.
Speaker 3 (35:32):
Great reporting as always, and he'll have more for you tomorrow.
Thank you, Rory. We're all in this together. This is
your Morning Show with Michael ndheld Joano
Hey, it's me Michael. Your morning show has heard live
from five to eight am Central, six to nine am Eastern,
three to six am Pacific on great radio stations like
News Radio eleven ninety k EX in Portland, News Talk
five point fifty k FYI and Phoenix, Arizona Freedom one
oh four seven in Washington, d C. We'd love to
have you join us live in the morning, even take
us along on the drive to work. But better late
(00:22):
than never. Enjoyed the podcast.
Speaker 2 (00:23):
Well two three 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
O'Dell Jordan.
Speaker 1 (00:40):
Where do we find all these signers? It seems like
everybody that's doing sign language at these political presents and
what yesterday in Minnesota with Governor Walls. Yeah, they look
they like a crazy looking I mean, nobody ever just
looks normal. Then this one's got it's a woman with.
Speaker 3 (00:57):
A shaded ends. He's making all these fai. I'm like.
Speaker 4 (01:02):
Understanding.
Speaker 1 (01:03):
I would think that the hands are telling what the
words are. I don't have to make the faces too,
do they or is that just to I don't try
to add the emotion to the hands or I don't know,
I'm fascinated by it anyway.
Speaker 3 (01:13):
Eight minutes after the hour, good morning.
Speaker 1 (01:14):
And welcome to Thursday, January, the eighth year of our
Lord twenty twenty six. Senegate to vote today in an
act of political defiance.
Speaker 3 (01:23):
To.
Speaker 1 (01:25):
Resolve to block the President from taking any further action
with Venezuela.
Speaker 3 (01:29):
Nobody expects us to go anywhere.
Speaker 1 (01:30):
And as we mentioned last half hour, John Decker, our
white US correspondent, referring to this as having some bipartisan support.
That means every Democrat and Ran Paul One added Republican.
Speaker 3 (01:40):
We call that bipartisan.
Speaker 1 (01:42):
Now, Homeland Security Secretary Christy Nomes says that the woman
shot during the ice operation was stalking immigration officers, not
to mention the video clearly shows she was trying to
escape and run over one of the officers. Venezuelan officials
say one hundred people were killed saturday in that US
raid the captured press at Nicholas Maduro, and protests are
(02:02):
expected today to disrupt any meetings being held on the
White House ballroom renovations. How divided are we in America?
We can't even agree on the the food pyramid or
a ballroom at the White House. We get a lot
of economic things that pop up. The Zilo ceo saying
(02:22):
that no progress has been made. He sees no change
in housing in America. We do see inflation down. In
the latest report, the GDP was up and higher than expected.
The market has been up a few days, flat a
few days. And then there was the seizing of this
oil and the extraction of the president, and everybody expected
(02:45):
energy crisis, but not a blip. How might this oil
disruption impact energy costs? How is the economy looking in general?
And what does twenty twenty six look like it holds
in store? We don't have all the answers, but our
economist and money was David Bonson is always here to
walk us through it.
Speaker 3 (03:04):
David, good morning and happy new year.
Speaker 4 (03:06):
My friend, good morning and the happy new Year.
Speaker 5 (03:09):
And maybe that be the very final time I say
Happy New Year to anybody.
Speaker 3 (03:13):
It's right, you got it. Well one last one for me. Thanks.
Speaker 1 (03:18):
There is the big story of the president saying he
wants to ban any large capital investors from buying homes.
There is the Zillow CEO who's saying, I don't see
anything happening in the economy, or with interest rates, or
with new houses.
Speaker 5 (03:35):
That was the banning of buying homes. That was the
president who said it. That wasn't mayor Mum, Donnie or
Elizabeth Warren or Bernie Sanders.
Speaker 1 (03:46):
Can I tell you, I just want to make sure
just so we can be family. Can I tell you
what Red said off there? Just bring up the president's
quote and then we can just watch him explode.
Speaker 4 (03:56):
See he aggravates you.
Speaker 3 (03:57):
I fear you, he aggravates you.
Speaker 5 (04:00):
Oh no, listen, this is this isn't something that aggravates
me when the president does. It is something that depresses
me that people on the right.
Speaker 4 (04:10):
Would put up with it.
Speaker 5 (04:12):
That the president has always been more of a pragmatist
and sort of untethered by various you know, first.
Speaker 4 (04:19):
Principles is kind of known.
Speaker 5 (04:21):
And then what you get out of that is sometimes
he's right on things and other times he's wrong. And
there's a lot I disagree with and the way he
conducts himself, and then there's other things he's done that
I think have been great. I'm so used to that, Michael,
it doesn't even phaze me. But that people on the
right who call themselves conservatives. In two hours yesterday we
(04:41):
got one tweet saying I'm going to ban all institutional
ownership of residential real estate, and then two hours later,
I'm going to ban all of our defense companies who
are the best in the world and making the best
stuff from returning capital to their investors. And I literally
really just all I can do, which I do this
(05:02):
all the time, is say, oh, I would love to
see and just take out the person who said it,
put in Barack Obama and.
Speaker 1 (05:09):
See what all of these folks would do. Then well,
and you're right to be frustrated. I remember, Look, you
could take the classic base of trump Ism and MAGA
and what is outside of the border. What's their number
one beef, And it was the weaponization of COVID and
(05:30):
the shutting down of the economy, like it's a light sweat.
Speaker 3 (05:33):
Well, and they forget who did it?
Speaker 1 (05:35):
You know, so you know, and they support so we
see this kind of thing. But if you could, because
I know there are some and I pray it's not
the case on this show that I guarantee you that
David Bonsen is not anti Trump. I guarantee you that
I'm not anti Trump, that doesn't mean he is the
Lord thy God and is infallible. This is a really
(05:58):
bad economic idea and tweet where is it coming from?
Do we think this one is a bad advisor? Do
we think this is just this one came from Trump?
And why is it such a bad idea?
Speaker 4 (06:10):
Yeah, I mean that's always a good question.
Speaker 5 (06:11):
I can't give the names right now, but I got
two texts yesterday from Trump economic advisors saying they were
horrified by it. And so I know that there are
certain disagreements with an administration on tariffs, but on things
like this, I mean, there's more people that support the
tariffs than like me disagree with them. But on stuff
(06:33):
like this, I really can't imagine who believes it's a
good idea for housing when we have this major deficit
of new supply that's created an affordability crisis. And to say, well,
the solution to that is let's take away the ability
of people to go build new housing at scale.
Speaker 4 (06:51):
It's just so crazy and counterproductive.
Speaker 5 (06:54):
And then you know, I get the thing of people saying, oh,
you're just this rich Wall Street guy who wants to
defend private equity, and I say, okay, that's fine. I'll
I wish people could understand how bad this is for
the people it's supposed to be helping.
Speaker 4 (07:10):
Nobody needs to worry about me.
Speaker 5 (07:13):
No one needs to worry about the one percent, or
the wealthy, or the private equity people.
Speaker 4 (07:18):
That's not what my concern is.
Speaker 5 (07:20):
My concern is, first of all, it's a just rank
and denial of private property rights, of free markets. The
notion that the government should ever be picking who buys
and sells. This doesn't just block private equity or institutional
investors from buying, it blocks you from selling. You now
(07:41):
don't have a seller to sell to because they have
been taken away by a politician who, in their right
mind sink this is a good idea.
Speaker 4 (07:51):
That's right, the idea.
Speaker 1 (07:52):
Oh, I was just gonna say, that's why what you
started with was so important. This is like, this is
what my mom, Donnie and his housing czar would exactly
be selling. I'm I actually was gonna ask you, do
you think this came from that meeting with mom Donnie.
Speaker 4 (08:12):
Well, no, because it's been around a long time.
Speaker 5 (08:14):
Elizabeth Warren has been saying this for many years, so
as Bernie Sanders. But you used an adverb a second
agoes it's very important.
Speaker 4 (08:21):
Exactly. This isn't one of those.
Speaker 5 (08:23):
Things where it's like, oh, you know, so and so
is a communist, so and thos a socialist, so and
so's a you know, we're using words just as a pejorative,
you know, exaggerations. This is exactly literally from the policy
playbook of the far progressive left, and it is populist.
Speaker 4 (08:42):
And it's why in horseshoe theory, right.
Speaker 5 (08:45):
Wing and left wing populism ends at the same place.
Speaker 4 (08:48):
You either believe the government.
Speaker 5 (08:50):
Should be centrally planning the economy or you do not.
Speaker 4 (08:55):
And and by the way.
Speaker 5 (08:57):
Private equity companies should not be getting any special favors.
They shouldn't be getting lifts from zoning laws that other
mom and popa citizens wouldn't get. I'm not suggesting there
should be any favoritism. But what I'm talking about here
is pretending that people who own point four percent of
the housing stock in America are somehow creating an affordability
(09:21):
crisis when we went years and years about building new
housing and there wasn't capital formation coming in.
Speaker 4 (09:28):
This is just utterly crazy.
Speaker 5 (09:31):
And then there's this whole issue I'm writing an article
on it right now, where people say, oh good, it's
going to go after black Rock because they don't know
the difference between black Rock and Blackstone, which is a
fair enough mistake to make just in terms.
Speaker 4 (09:44):
Of the English language. But they're two different companies.
Speaker 5 (09:47):
Black Rock doesn't own residential housing, they own ETFs, they
own s and P five hundred index funds that investors own.
Speaker 4 (09:57):
So there's just all this confusion.
Speaker 5 (10:00):
And it's all driven by what trying to get aligned
with who you want your enemy to be. That's not
the way we're supposed to think through things, Michael.
Speaker 1 (10:08):
We're visiting with David Boonson. He is our money whiz
and economist and you might see him on Fox Business
and we're so honored to have him once a week
here on the show. And of course we encourage you
to read the Dividend Cafe. It comes out every Friday morning.
I guess I would go back to this the housing
crisis in general. As long as there are many of
(10:30):
us sitting with two and a half percent interest rates,
we're not going to be as likely to move, especially
when homes are costing more in the interest rate is double,
so that's an inventory issue. We had a high influx
of immigration that kept the rents high. At the same time,
because of availability, we haven't been building like we should
(10:50):
be building. I don't know what the interest rate level
would be. I don't think the interest rates are going
to get much lower than four and a half, and
I don't think mortgage rates are going to get much
below five and a half. Ever, so you certainly don't
want to block the capital that is needed. We haven't
even addressed the zoning issues. I mean, I was just
(11:11):
taken by like in California we lost I can't remember,
it was thirteen thousand homes in those wildfires, and less
than a dozen have been rebuilt. Yet it's kind of
one of those all the above problems. Why is it
so hard to just get your arms around issues and
to start doing some right things to get things going
in the right direction, let alone doing nothing or kicking
(11:33):
around really bad ideas.
Speaker 3 (11:34):
It's very frustrating.
Speaker 5 (11:37):
Well, I think part of it is that you generally
don't do the right thing when you haven't started off
acknowledging what the problem was, where did it come from?
You know, the kind of classic thing on personal recovery,
people usually can't come up with a solution before they
admit there's a problem.
Speaker 4 (11:54):
So what is outly was the problem here?
Speaker 5 (11:56):
I mean, I think that that's one of the frustrations
I have with populous rage is not just that it's
bad solutions, but it prevents good solutions. It prevents sober
assessment and honest conversation. It's like the issue with tariffs
and drives and crazy. It's not just that tariffs do
a lot of bad things, which they do, but worse
than that, they avoid us having the honest conversation about
(12:16):
why did companies want to move manufacturing offshore to begin with?
What was the tax and regulatory environment that you central
planners and politicians created.
Speaker 4 (12:27):
That caused the thing?
Speaker 5 (12:28):
So we are constantly giving people basically a pass with
these bad ideas. But on the housing front, you have
to start with two thousand and eight and understand that
post crisis, there was no incentive to build because the
housing bubble had burst and we had millions of excess
(12:49):
homes for closures defaults, and it was the natural purging
of an asset bubble.
Speaker 4 (12:55):
And then in the aftermath.
Speaker 5 (12:58):
Of that, we highly highly high we regulated the space,
so there was very difficult times getting capital to come
back in and at the same time, because you know,
I have a Christian bend to this, might I add
we were living through a period of young adults that
were in the millennial generation that decided to be cute,
to shack up for a.
Speaker 4 (13:18):
While and not get married until they.
Speaker 5 (13:20):
Were thirty five or thirty seven, and not start having
kids until much later. So it created a total imbalance
in supply and demand between single family and multifamily, and
so markets responded to.
Speaker 4 (13:33):
That cultural change.
Speaker 5 (13:35):
Then when we already post crisis to normalize, at the
same time, they've added SIKA and others zoning and permitting
and environmental insanity, and it was very, very difficult to
build new housing stock.
Speaker 4 (13:50):
And then demand surged.
Speaker 5 (13:52):
We weren't ready with supply, and oh my gosh, it
must be Blackstone's fault.
Speaker 4 (13:56):
Dear BRD.
Speaker 1 (13:57):
I just can't closing moments, David Bonce, and our money
was all right. So in the end, for much better
well thought out reasons. You're kind of with the Zilo CEO.
You don't see a lot of change coming this year.
Speaker 5 (14:13):
Well, I do think that the administration is going to
try with different things that I don't believe that there's
much they can do to help.
Speaker 4 (14:19):
I think there's certain things they can do.
Speaker 5 (14:21):
Look, the greatest thing that could help for housing is
for prices to drop.
Speaker 4 (14:26):
Okay, that's what will help.
Speaker 5 (14:27):
And I'm not sure I agree with the Zillo CEO
that we won't have that. I just think at some
point sellers say, I've been holding this price.
Speaker 4 (14:34):
I've been holding this price.
Speaker 5 (14:35):
Okay, you know what, my wife really does want to move.
Let's just go ahead and sell it for ten percent
less than I thought it.
Speaker 4 (14:42):
Was worth two years ago.
Speaker 5 (14:43):
And I think you'll that's one of the biggest things
that could help queer housing is just for prices to drop.
That's what supply and demand curves are supposed to do
in a natural functioning economy. But throwing things out like
banning institutional housing or a fifty year mortgage, other things
like that, there's not there's not a lever here. President
Trump has I don't blame him for wanting to do something,
(15:06):
but the problem is that, you know, this is this
messianic view of politics that we've asked someone to do
something that they really can't do much about. If you
want housing to be cheaper, then quit going to city
council meetings and protesting when someone in your neighborhood wants
to go build new housing.
Speaker 4 (15:22):
Okay, that's that.
Speaker 1 (15:23):
That nib help, we're down to We're down to fifteen
seconds in a heartbreak tomorrow on the Dividend Cafe Year
in Review, Year.
Speaker 5 (15:32):
Ahead, a twenty page white paper that is sitting in
your email inbox right now. Michael, I gave you a
sneak preview of it about an hour ago.
Speaker 1 (15:40):
Oh I was known and Ben all right, we may
have to have you back on demand the Dividendcafe dot com.
David Bonson, thank you so much for joining us, and
one last time, Happy New Year. Happy to hear, take
care you got it. Listen, Owning a home is an
amazing thing, you know, until it isn't. I mean, like
one minute you're sitting having a cup of coffee and
I'm so proud of what God has blessed you with,
(16:02):
and in the next minute your ankle deep in water,
a pipe burst and repairs. They don't care about timing,
and if anything, they come at the worst timing for
your budget and regular homeowners insurance usually doesn't cover a
lot of the day to day where and tear, plumbing,
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kind of like a subscription for your home. For as
(16:25):
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(16:47):
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(17:08):
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terms apply on covered repairs.
Speaker 5 (17:27):
I'm actor jeff E.
Speaker 6 (17:29):
Howard, and my morning show is your Morning Show with
Michael del Jorno.
Speaker 4 (17:34):
Aka Pizza Boy.
Speaker 3 (17:42):
Hi, it's Michael.
Speaker 1 (17:43):
Your Morning show can be heard live on great radio
stations across the country like wilm and w DOOV and
Wilmington and Dover, Delaware, or wgst AM seven twenty the
Voice in Middle Georgia.
Speaker 3 (17:55):
We're gonna need some blankets.
Speaker 1 (17:56):
News Radio six fifty k e n I, Anchorage, Alaska.
We'd love to be a part of your morning routine.
Now enjoy the podcast.
Speaker 3 (18:03):
Let's get you informed.
Speaker 1 (18:05):
We do have the semi final, first semi final game
coming your way from Glendale, Arizona, the Fiesta Bowl. That'll
be six thirty Central tonight, ten seed Miami the Hurricane
versus six seed All Miss the Rebels. And then tomorrow
night is the Peach Bowl from Atlanta and that will
be Oregon and Indiana. Meanwhile, everything else just kind of
(18:26):
adds up to what this morning's opening monologue was all about. Somehow,
these very blue rogue cities have turned into very blue states,
and all of the political partisan theater games that have
always been played in Washington through the Internet through talk
television twenty four hour news cycles has become a national
(18:48):
cultural dysfunction, and that has led to a partisan matrix
of two simultaneous different realities. And we see it Minnesota
with the ice shooting of a thirty nine year old woman.
We see it with the food pyramid. We even see
it with the ballroom renovations at the White House. This
(19:14):
has suddenly led to the divided states of America. Now,
we have been a little bit leaning to talk back
heavy today, so let's get some emails in. I brought
up the sign language in the faces, and my guess
was that the hand signals are giving a deaf person
(19:36):
what they're saying, and then the facial is giving you
the inflection.
Speaker 3 (19:41):
Or the tone of what they're saying.
Speaker 1 (19:42):
Remember when emails first came out and people started, you know,
fighting because of emails, bosses taking things the wrong way
or employees taking the wrong way. And that's because you
would read the email in your opinion of the person
or in the tone are you projecting or thinking they're
saying it in and not the one that was intended. Well,
(20:07):
it turns out I'm right. I could have picked any
number of three or four listeners who have family members
who are in sign language business. But I'll pick Rachel.
My daughter took American sign language for her foreign language
class in high school. Facial expressions we learned are a
really big part of signing. It's like the tone in
your voice. It was a fun and interesting subject to study.
(20:29):
At another listener it was they were actually professionals, and
that's what this is all about. Timothy writes Michael, I
have only heard you cry as an adult a couple
of times, and one of those times was the day
Rush Limbaugh passed away. Just wanted to thank you for
your show and fulfilling the void that was left by Rush.
Speaker 3 (20:48):
Thank you again.
Speaker 1 (20:48):
A loyal listener in Oklahoma City, tim Ti praise, thank you.
Not worthy, but thank you, Mike.
Speaker 3 (20:59):
I mean, I've heard that.
Speaker 1 (21:02):
I've heard this brought up several times. Why don't we
just pick a state and turn that state into like
a halfway state, specifically for immigrants. Immigrants that want to
come to America would live and work in this halfway
state until they become a legal citizen. They wouldn't be
(21:22):
allowed to leave the halfway state until they became legally
able to do so. You know, we're a sovereign nation,
and to remain sovereign, you have to protect your borders,
and you have the right to decide who comes and
who doesn't, and how they behave when they come. When
(21:45):
their first act is to break the law, and you're
going to ignore that, you can expect now the bad
players are the ones that are really wreaking havoc. And
the bad players are the ones that go on to rape, steal, kill.
(22:05):
But you'll find that. And I don't like to play
shirts and skins, but you will find the left consistently
they'll defend them all. Now to cut to the chase today,
the game that's being played is you have a very
very not that they've owned up to this either. This
kind of falls under a bipolar reality partisanally, but you
(22:29):
have a major dysfunction. And the scandal goes beyond that.
The facts are feeding our future. That was supposed to
be a nutrition program for kids, That money was all laundered,
(22:49):
stolen through wire fraud. And what we haven't even gotten
to yet is and where did it all go? Some politicians?
Here a lot of terrorists there that ought to be
your real concern. We're talking hundreds of millions of dollars
of taxpayer money stolen. And not only was nobody watching
(23:13):
over the case of Keith Ellison, he was running cover.
But in this partisan divide that we live in, half
will support it, half will defended and view the other
half as just attacking. And then you get to the
shooting same thing. Let me demonstrate what I'm talking about,
(23:38):
this political theater that has turned into cultural dysfunction. And
I know of no better way than our sounds of
the day.
Speaker 3 (23:50):
Consequence.
Speaker 5 (23:50):
It's the best way to get back on your faers,
to get up off your arm.
Speaker 1 (23:53):
I've been living rent free in that guy's head for
years and that's just a bum.
Speaker 4 (23:56):
Do you call that chicken a add They're just blowing off,
all right.
Speaker 1 (24:01):
So again it depends on which side and which narrative
you choose.
Speaker 3 (24:08):
Some of you seen the video for.
Speaker 1 (24:10):
Yourself, and you see a thirty nine year old who
can't prove and I can't know if she was stalking
ICE agents and their operations. Red brought up the best
point of the day. In states and cities that are
not in opposition mode, local law enforce would aid ICE
(24:33):
in its operations by keeping and holding a perimeter in
the blue cities and the Blue States, they don't.
Speaker 3 (24:39):
And these people are throwing ice at ICE snowballs.
Speaker 1 (24:44):
This woman, according to Christy Noame, Homeland Security director, was
stalking the operation all day. When the ICE officers approached
the vehicle, oh, she did not want to discuss it.
And not only does she start trying to pull away,
she tried to physically with a vehicle at that point
a weapon run over one of the officers. So on
(25:09):
the right, they'll tell you, and self defense and in training,
he took the thirty nine year old's life. I stop
right there just to remind everybody. We'd all like her
to be alive today, and I suspect she would be
if she wasn't interfering with ICE operations ginned up by
either television or politicians. And certainly she'd be alive if
(25:29):
she didn't try to run over the officer. But what
is the mayor of Minneapolis's response, Well, he doesn't claim
any accountability for how they are demonizing and defying ICE
and not securing a perimeter to protect He could have
(25:51):
protected her by securing a perimeter.
Speaker 3 (25:54):
No, he's got one simple message for ICE, f you listen.
Speaker 7 (25:57):
Having them there was only making a difficult situation, even
more problematic than one that yes, they created themselves. There's
little I can say again that'll make this situation better.
But I do have a message for our community, for
a city, and I have a message for Ice.
Speaker 3 (26:21):
Two.
Speaker 4 (26:21):
Ice, get the fuck out of Minneapolis. We do not
want you here.
Speaker 7 (26:28):
Your stated reason for being in this city is to
create some kind of safety, and you are doing exactly
the opposite.
Speaker 1 (26:37):
Now, you're probably like me in thinking, first of all,
it would be your initial job. I mean, as a mayor,
Jacob Fry, your job number one priority in a municipality,
it's a public safety. Now out a long list of
(27:02):
leftists like you don't believe in that, or you pick
and choose when you believe that they would have no
problem shooting an armed robber who tried to run over.
Speaker 3 (27:13):
A police officer.
Speaker 1 (27:16):
But because they've taken a position, and remember we always
say enjoying the comfort of an opinion without the discomfort
of thought, they have chosen. No. Just like abortion is
not murder, it's choice, breaking into the country is not
against the law. These people are victims, not perpetrators, and
we're going to give them safe haven. Oh, by the way,
(27:38):
when Ice comes to do the job that we're refusing
to do. We won't do anything to secure a perimeter.
Just f you and go away. We can't have some
cities that enforce the laws, some that doesn't. Some states
who enforce the laws don't. This little political theater game
(28:03):
that's being played for real is costing lives. Here's what
it sounds like in a congressional hearing. Now, this woman's
trying to grandstand a January sixth insurrectionist certainly didn't try
to run over anybody or kill anybody. And Tyler, this
(28:27):
is how well we get along, we discuss and debate.
This is the kind of crap that unstable and even
some stable Americans are getting ginned.
Speaker 3 (28:44):
Up and taking their accues from.
Speaker 1 (28:46):
Here's your functional government that is influencing a dysfunctional culture.
Speaker 8 (28:50):
Listen, he was an election denier, so an election fraud lie.
Now he claims he did these things the name of patriotism,
but really he's just a criminal.
Speaker 4 (28:59):
So raise your hand if.
Speaker 8 (29:01):
You oppose Trump's pardon of this Minnesota individual man.
Speaker 9 (29:06):
This grandstanding none exactly what Minnesota hate.
Speaker 8 (29:10):
About DC accountability, And you are hypocrites. So again I
will take your refusal. Chairman, she's off the rails my time.
I'm not off the rails. Please, you are totally off
the rails, Nancy Trumps, give me your time back.
Speaker 3 (29:26):
Order, miss Chairman.
Speaker 8 (29:27):
Republic.
Speaker 3 (29:38):
As I said earlier, One Nation under God, indivisible, Hell.
Speaker 1 (29:46):
Representative Nancy Mace, one of the addressing the fraud scheme
in Minneapolis.
Speaker 3 (29:52):
Uh, listen how she lays it out.
Speaker 9 (29:54):
Greeching Democrats like you just heard at our witnesses. Pocrats
on this committee don't want to talk about Minnesota fraud
because Minnesota fraud is Democrat fraud. You're going to make
a great host on MSNBC to be great. And this
is a cover up, I mean the very definition of
cover up. And so while we're still trying to understand
(30:15):
the scale of the fraud, it appears that the amount
of fraud we are talking about could exceed the size
of GDP in Somalia, the size of its economy.
Speaker 3 (30:28):
Well, we're talking hundreds of millions of dollars.
Speaker 1 (30:31):
As I mentioned to a guy that was an intelligence
officer that I was playing golf with, not that he
did revealed anything inappropriate. I just said, while everybody is
talking about this fraud, that's being revealed. Is anybody talking
about where it went and how it was used, maybe
to target and kill Christians. This money was being funneled
(30:55):
to BOCO harm. Somebody find out this is more than
just hundreds of billions a dollar fraud. This is dangerous stuff,
national security stuff. And then the notion that the Attorney
(31:16):
General of the state knew about it, didn't just turn
a blind eye, was running.
Speaker 10 (31:22):
Cover for Does large scale Somali immigration make Minnesota stronger
or weaker?
Speaker 3 (31:30):
Certainly stronger, certainly stronger.
Speaker 10 (31:32):
Do you know what percentage of Somali headed households in
Minnesota are on food stamps?
Speaker 3 (31:37):
No?
Speaker 10 (31:37):
What percentage of Somali headed households in Minnesota are on Medicaid?
Speaker 3 (31:41):
I don't know. It's seventy three percent.
Speaker 10 (31:43):
What percentage of Somali headed households are on welfare in general?
Speaker 3 (31:47):
I don't know. It's eighty one percent.
Speaker 10 (31:49):
What percentage of working age Somalians who have been in
the US for ten years or more ten years or more,
how many of them speak English very well? I don't
know about half. The answers about half. That seems pretty low,
doesn't it. It doesn't sound like something that makes our
country stronger to me, and I think most Americans would
agree with me on that.
Speaker 4 (32:10):
It's amazing to me.
Speaker 1 (32:12):
How you asked it again, I go back to the
John F.
Speaker 3 (32:19):
Kennedy quote.
Speaker 1 (32:20):
We too often enjoy the comfort of opinion without the
discomfort of thought. The first question is an opinion. Does
a large amount of Somali immigrants make a city, or
a state, or a culture stronger?
Speaker 4 (32:36):
Oh?
Speaker 3 (32:36):
Absolutely? Well?
Speaker 1 (32:39):
Do you know how many are a financial burden? Do
you know how many are not assimilating? This guy didn't
know any of those facts, but he had that firm opinion.
Sometimes everything that's wrong is right in front of our
face and nothing shows it, quite like Sounds of the day,
(33:04):
and you have spied.
Speaker 3 (33:09):
Stop it good to me. Don't you ever letting they
take your power from you?
Speaker 1 (33:14):
God?
Speaker 4 (33:14):
No, No, It is the motto keep come, come along.
Speaker 2 (33:23):
It's your morning show with Michael del Chno.
Speaker 1 (33:28):
If you're just waking up. The Senate is set to
vote today in a resolution that will go nowhere but
attempt to make a political statement blocking the President from
taking any further actions. In Venezuela yesterday, right about this second,
there was a lot of drama at Sea a Russian
sub escorting a Russian flagged tanker, and then the tankers
(33:49):
and the US personnel getting on board. I mean, Roy O'Neil,
our national correspondent is here. Felt a lot like the
Cuban missile crisis, didn't it? But it turn did it
turned out o all right? But make sure wonder what's
in the future.
Speaker 6 (34:03):
Yeah, except a lot of this was also happening off
the coast of Iceland, not necessarily what you would have expected,
because this Venezuelan tanker was essentially or this tanker to Venezuela,
essentially operating as a ghost ship, turning off transponders and
trying to mislead people as to where it was. It
was apparently on its way to Venezuela empty to pick
up oil to trade on the black market. When it
(34:26):
turned around, skidadled and then was pursued by the Coastguard
seal teams then finally captured the ship, as I said,
about two hundred miles off the coast of Iceland, now
under a Russian flag. So it's not even really clear
exactly who owns this thing.
Speaker 1 (34:40):
Right, you know, we talked about this yesterday. This whole
thing has been very humiliating for Putin. I mean, what
good is having Russia as your ally if it can't
protect you in a country? Goes right in an extract.
But these tensions will continue, These these games, political games,
if you will, will continue. And it's really somebody's gonna
blink type of ISSI shoes. So far all the blinking
(35:01):
spent on the other end.
Speaker 3 (35:02):
Yeah.
Speaker 6 (35:03):
And this is the second of two vessels seized this week.
Another one we don't know as much about, called the Sofia.
It did have some oil on board. Both these tankers
are being brought back to the US. The Sofia was
stopped in international waters, apparently just outside the Caribbean, but
it was also sort of putting this oil out there
in the black market. As we heard from Secretary know
(35:24):
Him yesterday, she said, these taking these tankers is part
of that continuing effort to disrupt the funding of narco terrorism.
Speaker 3 (35:32):
Great reporting as always, and he'll have more for you tomorrow.
Thank you, Rory. We're all in this together. This is
your Morning Show with Michael ndheld Joano
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