Episode Transcript
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Speaker 1 (00:11):
Broadcasting live from the Abraham Lincoln Radio Studio, the George
Washington Broadcast Center, Jack Armstrong and Joe Catty Armstrong.
Speaker 2 (00:20):
And Jettie and he arms Strong and Strong.
Speaker 3 (00:36):
Welcome to a replay of the Armstrong and Getty Show.
We are on vacation, but boy, do we have some
good stuff for you. Yes, indeed we do.
Speaker 4 (00:44):
And if you want to catch up on your ang
listening during your travels, remember grab the podcast Armstrong and
Getty on demand. You ought to subscribe wherever you like
to get podcasts. Now on with the infotainment and interesting
story in the Wall Street Journal America's new millionaire class
plumbers and hvac entrepreneurs, and it's well, it's what the
(01:09):
headline would suggest. There's one twist to it. But I'm
reminded of something that I We've been saying for years.
The virtually every election comes down to how much the
government is going to give you, and most of it's phony.
Sure looks like it right now of other people's tax
moment with both candidates claiming all kinds of things are
(01:31):
going to give you, or a wave is a fee
or whatever, just laying out the gifts and the handouts
and the new programs and the rest of it. When
it's funny that ninety well that's not true anymore. The
vast majority of us we make a living, we have
a job, and we you know, the government's involved in
(01:52):
our lives, but more than we want. And it's just
the idea of that, well I'm going to vote for
who gives me the most is just ugly to me anyway. Yeah,
it's never been part of my life. And oh that
gets back to you know what I've always tried to
lay out, and I wish Conservative America was better at this.
And I'm not claiming some sort of mantle as some
sort of eloquent hero, but I've always said I've come
(02:17):
up with this program where you can feed, clothe, educate,
and medicate ten to ten thousand families and it's not
going to cost a dime of taxpayer money. It's called
starting a business and growing it to success.
Speaker 2 (02:39):
Where is that in our political discussions?
Speaker 4 (02:42):
That is the engine of prosperity, The engine the government
handout stuff is crumbs around the edges.
Speaker 3 (02:50):
I hate for this to be true, but I think
the reason you don't pitch that as an argument is
because there are enough people that are going to decide
the election. That are that other thing you were talking about, Yeah,
what are you going to give me without me doing
anything for it? Really, you start talking about starting a
business and all that sort of stuff, that's a lot
(03:11):
of work.
Speaker 4 (03:11):
And the politics of envy has been so successful in
convincing people that the successful have done something untoward to
get there. They should be resented for that success. They
have stolen from you. If they have more than you,
it's because they have stolen from you, which was not
culturally the attitude in the United States up until very
very recently.
Speaker 3 (03:31):
Oh, I heard a great thing yesterday on that from
Jonah Goldberg of The Dispatch that he regularly says in
his speeches, I guess when people talk about why is
there poverty? He says, that's not the question. There's always
been poverty. Poverty is the natural state of human beings. Yes,
why is their wealth is the question? And then you
get into the discussion of how capitalism creates wealth. Poverty
(03:54):
is the way it would be for everyone. If you
didn't have capitalism, we'd all be poor. It's not like
we'd all have, you know, nice sized homes and cars
and go on vacations and a comfortable retirement.
Speaker 2 (04:05):
Yeah. Yeah, that's not the natural state of things, right.
Speaker 4 (04:08):
And my only quibbal with Jonah, who's absolutely right, is
that because of the resentment of quote unquote wealth, you
could break it down to never mind why there's poverty,
why is there housing, why is their food to eat?
Why is their medical care? How did this happen? And
we've just gotten away from that as a culture again
because the politics of envy works.
Speaker 3 (04:28):
And digression number ten before you get to your main point, Yes,
when I said I've never voted for somebody given me stuff,
I think that's factually true. But if you are to
the left, you'd say, yeah, you vote for people who
who want lower taxes, are going to lower taxes, and
they're giving you money.
Speaker 4 (04:47):
As opposed to I'm keeping my own. Letting me keep
my money is not giving me anything. But yeah, you're
absolutely right. So this article in the Wall Street Journal
is interesting. It is absolutely on the side of folks
who build, learn a skill, build a business, hire others,
teach them to do that business and grow it. One
(05:07):
interesting wrinkle is that it's all about how private equity
is now recognizing how the HVAC business. The plumbing business
are good solid electrical contractors too. They're good, solid, profitable businesses.
And so venture capital is moving in and buying up
(05:29):
these businesses, private equity businesses. They hope to profit by
running larger, more profitable operations, more efficient, etc.
Speaker 3 (05:38):
Well, we endorse a heating and air company, Fantastic One.
And I remember when we were talking to him last
year and he was telling us what people can make
to start. Yeah, and he can't find workers and they'll
train them right right, And there's some concern that.
Speaker 4 (05:53):
And you do have to watch for this if you've
been with a company for a long time. Joe Hvac
who learned the trade, smart guy, gal family entrepreneur, hired people,
grew it, etc. Then they sell to the private equity
(06:14):
company and it becomes a different company. Yeah, standards of
service change, priorities change, that sort of thing.
Speaker 3 (06:20):
What happens with everything, absolutely everything, Oh yeah, not just companies,
practically everything. You go and buy in a store that
has a name brand, and I'm thinking of a home depot,
so many different brands of things at Home Depot built
their reputation years ago on being super quality items that
aren't crap. Yes, because they're you know, they're run by
(06:42):
what you're just talking about.
Speaker 4 (06:43):
The wave of investment is minting a new class of
millionaires across the country, one that small business owners say
is helping add more shine to working with a tool belt.
Speaker 2 (06:52):
Some of us don't need more shine for that.
Speaker 4 (06:55):
But anyway, you don't need to go to Silicon Valley
to have a successful career. An entrepreneur Real Opportunities, said
this fellow with Detroit based private equity company that is
doing a lot of investment in service companies.
Speaker 2 (07:09):
You know, I well, never mind.
Speaker 4 (07:11):
I was about to go off on a personal tangent,
but we have a ten tangent limit and we've exceeded it.
Speaker 2 (07:19):
Why does everybody say space these days?
Speaker 4 (07:22):
Quote, everybody in their uncle owns an HVAC business in
the private equity space.
Speaker 2 (07:26):
Today, he said. Another guy that's hip.
Speaker 4 (07:31):
This private equity company, Redwood Services.
Speaker 2 (07:35):
Where are they based? It doesn't matter, Tucson.
Speaker 4 (07:37):
Interesting they've required acquired thirty five companies in the past
four years, from small to large. In the services trades
have long offered a solidly hourly wage for workers without
college degrees, also springboards for those with bigger entrepreneurial ambitions.
Speaker 2 (07:57):
Goodness knows that is true.
Speaker 4 (08:00):
Wow, this guy spent five years in prison for selling
meth before he co founded his plumbing business and now
he's an entrepreneur. He was selling meth and now he's
got a legitimate business. But it was in sales. Honestly,
you know, that's funny but true. I absolutely believe in
second chances for people.
Speaker 2 (08:20):
I'm a one strike you're out guy.
Speaker 4 (08:21):
Wow, that's hard anyway, Saudi Arabia is calling, But yeah,
there is an element to that. He grew up in
a hard scrabble place where that was the entrepreneurial opportunity
and something open.
Speaker 2 (08:34):
Well, he learned the trade.
Speaker 4 (08:35):
I don't know if it was in prison or what,
but he learned the trade and realized, oh, there are
better entrepreneurial opportunities than selling death to people.
Speaker 2 (08:42):
Anyway. Ain't that America for you and me? Land of
the Free? Anyway?
Speaker 3 (08:49):
I'm amazed by all you small business owners because you
work so hard and you got everything on the line
every day.
Speaker 2 (09:00):
Yeah, I don't know how you. I really don't know
how you do it.
Speaker 4 (09:03):
That is why I so resent and I'm so strongly
against this idiotic, nonsensical idea that we're going to raise
business taxes because businesses have to pay their fair share.
Like everybody who runs a business is crazy wealthy. I
know a lot of small business people and entrepreneurs who
draw what they have to to keep a roof over
(09:25):
their head, and they pour everything else back into the
business hours they work are insane, right, pardon, pardon my
French folks, but I'll say gun instead of the B
word I heard many years ago. You want to work
for yourself, You're gonna hate the son of a gun.
You're gonna hate your boss because he won't let you
have saturdays off or holidays or going to work you
(09:47):
like you've never worked before.
Speaker 2 (09:49):
You know, stay home when you're sick. He's not gonna
let you.
Speaker 4 (09:51):
Yeah, So here's to you, entrepreneurs and small business owners.
May a private equity firm buy you out and I'll
see on the golf.
Speaker 2 (09:58):
Course, I guess you can buy the drinks because you'll
be richer than me.
Speaker 5 (10:03):
Armstrong and.
Speaker 1 (10:11):
Jack Armstrong and Joe Getty, the Armstrong and Getty Show.
Speaker 4 (10:21):
So the sentencing of all of those activists and politicians
and journalists in Hong Kong, it just reminds me how
incredibly fragile. A free system is unless it will defend
itself by arms. I mean because Hong Kong was a
robust democracy, very wealthy, very educated, with every interest in
(10:46):
protecting itself, and it couldn't. It was just it was
bullied into submission and quickly. I'm reminded of one of
my favorite memes, partly because it's a little snarky, but
it's also funny. George Washington didn't use his freedom of
speech to beat the British. He shot them. That's the
only way to resist aggression. You can't talk a predator
(11:08):
out of predating.
Speaker 3 (11:13):
I have to look into this after the show as
trying to confirm that Chinese stuff that I read and
figure out.
Speaker 2 (11:17):
As real or not.
Speaker 3 (11:22):
This does not get the attention it deserves the rising China.
According to the report that I read, and again, whether
he said it to Biden or not, whether it's just
stuff being put out by the Chinese, it was a
It was a lot of language like you're not the
only nuclear power on earth and just you know, very
very push pushback. E this means war.
Speaker 2 (11:43):
Oh.
Speaker 3 (11:43):
He laid out, actually laid out four red lines for
China that the US better not cross that sort of thing.
Speaker 4 (11:50):
Yeah, well, we'll see bra from the perspective of if
we were attacked by Martians, we would all come together.
Speaker 2 (11:57):
On Earth.
Speaker 4 (11:58):
We have been so obsessed with are internal divisions. I
think that's why most Americans are unaware of the threats
from abroad.
Speaker 2 (12:04):
Yeah. Probably so.
Speaker 3 (12:07):
Big study that came out today and this was in
the New York Times, China has now surpassed Europe as
the second all time leading polluter on planet Earth. I'm
not sure how much I care about the historical polluting
that's gone on, but the climate change people care about
(12:28):
it a lot because we polluted more throughout the history
of the world than any of the country, So we
owe more money than anybody else to try to fix
the problem, is what they claim. That's only going to
be true for a few more years. According to this graph, though,
So China has now passed Europe on this pretty much
straight up graph because they just started polluting fairly recently,
(12:48):
because they were all living in huts and eating their
cats and.
Speaker 2 (12:50):
Stuff like that and not a lot of pollution.
Speaker 3 (12:53):
But now they got all the coal fires and electricity
and everything going on, They're polluting like crazy. The country
has now passed Europe is the second largest all time admitter,
shifting the debate about who pays for global warming. According
to the New York Times, projections show that China may
catch up with the United States in just a few years.
China's soaring emissions are upending climate politics was the story,
(13:17):
let me just read a little bit of it. For
many years, wealthy places like the United States and Europe
have had the biggest historical responsibility for global warming. China's
astonishing rise is upending that dynamic. Over the past three decades,
China has built more than one thousand coal fired power
plants a thousand as its economy has grown more than
(13:38):
forty fold in thirty years, mostly because of our help,
thinking that if they got rich enough, they'd be our friends.
One of the dumbest gambles in the history of the planet.
Speaker 2 (13:49):
Whoops.
Speaker 3 (13:50):
The country has become by far the largest annual emitter
of greenhouse gases in the world. So they're emphasizing the historical,
How about emphasize the and on the today chart, it's
not even close. Like China is way up there and
the United States is way down here with other countries
underneath us.
Speaker 4 (14:09):
Right, So if you're trying to build some sort of
framework for who owes the most your Paris climate accord folks,
I suppose looking at the historical responsibility makes a little
bit of sense. But for those of us who live
in the real world, who's doing it now is a
much more relevant question.
Speaker 2 (14:25):
I would say so.
Speaker 3 (14:26):
And according to this chart, it looks like China is
polluting it about two and a half times what we
are on a year by year basis at this.
Speaker 2 (14:35):
Point two and a half times.
Speaker 3 (14:37):
Yeah, and I'm supposed to alter my lifestyle and suffer
the overall GDP consequences for what reason?
Speaker 4 (14:48):
And India is working on it. They'll be on that
chargument we're on. Yeah, the actual biggest country on Earth.
You go to them and say, hey, can you cut
back on your fossil fuels a little bit because of
the planet? The answer is yeah, No, Are you kidding?
We've got four hundred million people starving here and you
want us to go solar?
Speaker 5 (15:09):
No.
Speaker 2 (15:11):
Yeah.
Speaker 4 (15:12):
I've got to hope that a lot of the climate
change nonsense is going to be swept away.
Speaker 2 (15:20):
During Trump's presidency.
Speaker 4 (15:22):
And I'm not talking about any legitimate claims about the
atmosphere or the environment or whatever. I'm down with that,
it's fine, but again, cut the crap. Cut the crap.
Speaker 2 (15:35):
Go normstrung, you, Getty dot com, pick yourself up. But
cut the craft T shirt they're selling like hotcakes.
Speaker 3 (15:40):
Speaking of trouble spots around the world that we ignore,
this happened over the weekend. Haven't heard it anywhere. The
Pentagon leaked to Axios that the Houthis are now effectively
in control over the Red Sea, which is where Remember
they're telling us the numbers all the time, fifteen percent
or whatever of all world shipping goes through Kuthi rebels
(16:00):
are brandishing increasingly sophisticated weapons, including missiles that can do
things that are just amazing, said the Pentagon's chief Weapons
somebody or other to Axios over the weekend. The big
picture being that the militant group has for years used
drones and missiles to strangle the waters off of Yemen,
disrupting international shipping.
Speaker 2 (16:19):
And uh, well, I'll read this quote.
Speaker 3 (16:21):
I'm an engineer and a physicist, and I've been around
missiles my whole career, said a Pentagon employee to Axios.
What I've seen of what the Houthis have done in
the last six months is something I'm just shocked. So
the rest of the world has just let this ragtag
group of camel riders take over a big, major lane
(16:41):
of shipping on planet Earth.
Speaker 2 (16:44):
I believe they have Toyota pickups there.
Speaker 4 (16:47):
But anyway, Yeah, who's they're not building those missiles in Yemen?
Who's sending them to them? And how soon can we
get the Mummy out of office? I mean he is
useless bat Kerryah Michael, that's in his old vital days.
Speaker 2 (17:06):
Yeah, he isn't that good anymore. He hasn't he hasn't unleashed.
Speaker 4 (17:09):
I had about a kef care with that sort of
forcefulness in a year's five.
Speaker 3 (17:15):
Quick question for you, what if you happen to miss
this unbelievable radio program.
Speaker 4 (17:19):
The answer is easy, friends, just download our podcast, Armstrong
and Getty on demand. It's the podcast version of the
broadcast show, available anytime, any day, every single podcast platform
known demand.
Speaker 2 (17:29):
Download it now Armstrong and Getty on Demand.
Speaker 5 (17:34):
Armstrong, The Armstrong and Getty Show.
Speaker 4 (17:44):
I love this from Andrew Styles the definitive list of
winners and losers the twenty twenty four election, and actually,
much as I love Andrew I'm gona quippalle. With his opening,
he says, the election's over Donald Trump and the Republicans,
excuse me, a stunning and decisive victory. I would say
Donald Trump won a stunning, in decisive victory. The Senate
(18:05):
performed very very well, and the House scraped by for
the Republicans.
Speaker 2 (18:10):
Yeah. Mentioned certified government mentioned this earlier.
Speaker 3 (18:12):
I hadn't thought about it until I heard a Democrat
pointed out, how can you call it a wave if
you're going to have like a three seat majority in
the House of Representatives.
Speaker 2 (18:21):
That ain't much of a wave.
Speaker 3 (18:22):
I mean, when Obama won, he had like an eighty
seat majority.
Speaker 2 (18:26):
It's an indy bitty wave. Yeah.
Speaker 4 (18:28):
But anyway, winners and losers. Winner diversity, actual diversity. All
sorts of different people voted for Trump and got out
of their electoral pens that the Democrat had told them
they ought to stay in the Democrats rather, with the
exception of seniors and college educated white women. Huzzah, Trump
improved his margins in every group. Winner Hillary Clinton no
longer the only Democrat to lose to Trump.
Speaker 2 (18:50):
Winner.
Speaker 4 (18:50):
Mental health professionals about to make a fortune treating the
emotional breakdowns of college educated white women and deranged liberals
and journalists who base their entire personalities on and hating
Trump and his supporters.
Speaker 2 (19:01):
Wow, what a way to live your life.
Speaker 4 (19:03):
All the same people who are cutting off friends and
loved ones who care about them deeply as a human
being because they because they've bought I think the most
hyperbolic and ridiculous stuff about politics. Spend Thanksgiving alone and
in the comfort of knowing at least you're not hanging
around with Trump voters.
Speaker 2 (19:20):
You weirdo are evil, That's right. Another winner, Dean Phillips.
Speaker 4 (19:24):
Only Democrat with the balls to run against Biden in
the Democratic primary and say he's too old.
Speaker 2 (19:28):
He was mocked and ridiculed at the time.
Speaker 3 (19:30):
Oh Man in the Democratic Party cut his legs out
from underneath him, made it impossible for him to get anywhere.
Speaker 4 (19:35):
And he was a one hundred percent right it turns out,
and telling the truth. Yeah, which he's not welcome in politics. Yeah.
Another winner Josh Shapiro. He dodged the bullet of being
a hitch to Kamala Harris's right. He looks smart for
not taking the job, which he probably didn't want anyway,
we've already forgotten the name of the guy she did pick,
(19:56):
the guy in the camo had who pranced around and
lied about China.
Speaker 3 (19:59):
Yeah, what's his face? Laugh on say or other? How
about his weird five minutes of fame? That'll never I mean,
it'll be a trivia question.
Speaker 2 (20:07):
Please, let's begin laughing at the laughing stock.
Speaker 4 (20:11):
Jeff Bezos the whole temper tantrum, saying we got to
be a reporter.
Speaker 2 (20:15):
Of news, not an opinion machine. Tony Hitchcliff and garbage.
Speaker 4 (20:19):
He goes into how that was like the final week
closing argument, look at this monster Trump mounted to nothing,
didn't amount to a pile of garbage in terms of
electoral effect?
Speaker 2 (20:30):
Right, yes, go ahead that.
Speaker 3 (20:36):
Remember we were counting the days it had, like five
days of legs. That Puerto Rico joke as being one
of the lead stories. What a stupid decision from the
media who was hell bent on bringing down Trump. You
thought that was your best argument. That comedian's joke apparently
didn't work.
Speaker 4 (20:57):
Why because they see everything through the lens of identity politics.
So this looked like an enormous faux paw and a
great to bring bet to beat Trump with the rest
of us normal people, including plenty of Democrats and lefties,
as many of whom are listening right now. They're like, yeah,
I can't afford my groceries. I don't care what some
obscure comedians said about Puerto Rico. Alts the new media
(21:20):
alternative meetia, including ourselves big winners in the election, Sonny
Hostin and the other ladies of the view, for sinking
the Harris campaign with the what would you do differently
than Biden? There is not a thing that comes to mind,
Harris said, in a breathtaking display of unpreparedness.
Speaker 2 (21:39):
Is Sonny Hosten a lot for journalists of the year.
Speaker 3 (21:42):
Well, as she has come out and said she was
shocked to that answer. So she was trying to throw
Kamala a life preserver because she had flubbed the answer
the day before, and instead of the life preserver she
threw a cinderblock that took.
Speaker 2 (21:56):
Her under the water. Yes, yeah, well, said winner women.
Speaker 4 (22:01):
Trump's victory Russia and a golden era of women's rights
in spite of the muling and screeching of the college
educated white women of a certain age. His chief of staff,
Susie Wiles, will be the first woman to hold a job.
It'll soon be safe to play sports again. Women can
say Merry Christmas and be attractive without getting publicly shamed,
et cetera.
Speaker 3 (22:20):
When are you're gonna learn, ladies, America does not want
a female president.
Speaker 2 (22:24):
I think that's they'll take away.
Speaker 4 (22:27):
Oh my god, that was an attempt, and I emphasize
attempt at humor, ladies, and I apologize for it.
Speaker 2 (22:35):
Scott jameson Grat on the Yeah.
Speaker 3 (22:37):
I heard somebody say the other day, how about try
something different than pantsuits? Two pantsuit ladies who bring in
effeminate men to be their underlings, try something different?
Speaker 4 (22:51):
Yeah, yeah, Uh, Margaret thatcher or dresses didn't she?
Speaker 2 (22:55):
I don't remember. I don't care what they wear, wear
anything at and wear nothing.
Speaker 4 (22:59):
Scott Jennings Great on CNN, Very reasonable, smart conservative, Mark Halpern,
who's independent reporting in sober analysis, much of which you
heard mentioned here on The Armstrong and Getty Show, is
vastly superior and more informative than the mainstream media is hackish, hyperventilating.
Another example of new media just whooping the old and
(23:22):
then some other obscure stuff. The PI Israel winner the.
Speaker 3 (23:25):
Pant suit thing is actually interesting and I learned this
from listening to Sarah i Isiger in the Dispatch. I
hadn't known about level one, level two, level three feminism,
but like level two feminism or whatever, maybe one was
the pants suit. It's like, see, we can be just
like men. We've got our version of suits and here
we are in the workplace. And then like the next
(23:46):
level of feminism, No, I can dress like kind of hot,
like a woman likes two sometimes in a skirt and
high heels, and also be effective. And I think that
would be helpful to get away from that old level
of pants suit thingy. I think there is sort of
a subliminal thing going on there.
Speaker 4 (24:05):
Yeah, we're going to free you by demanding you adhere
to our stereotypes and our orders. You will work outside
the home. You will turn your nose up at raising
children and being the leader of the family. You will
make money for a corporation, and you will wear pants
in the name of freedom, right right, Yeah. Level threes
(24:26):
where whatever you want, do whatever you want.
Speaker 2 (24:28):
And I tell you what that's.
Speaker 4 (24:31):
And I don't know if there's a name for guys
like I'll just speak for myself, who are like women
can do whatever they want.
Speaker 2 (24:41):
And achieve whatever they want.
Speaker 4 (24:42):
And who the hell am I to tell them that
it's more satisfying to make another half of a percent
for your corporation as opposed to raising children and being
the actual functional chief operating officer as a family.
Speaker 2 (24:55):
You do what you want. I trust you to make
the decision.
Speaker 4 (24:58):
I don't believe in browbeating people to conformed to some
sort of, you know, prefab image of what.
Speaker 2 (25:03):
They ought to be.
Speaker 4 (25:04):
I find it disgusting no matter what you know label
it puts on itself. We're going over the winners and
losers from the recent election. Loser number one, Come on,
Joe Biden. The experts told us sleepy Joe would be
the most consequential president since FDR. When he dropped out
in July, those same experts compared Biden to George Washington,
(25:25):
praising his selfless act as political courage.
Speaker 2 (25:28):
He will not be remembered that way now.
Speaker 4 (25:31):
In reality, Biden's decision to run for reelection rights Andrew
Styles will be remembered as one of the most reckless
acts of political hubris and American history. His selection of
Kamala Harris as a running mate in twenty twenty, his
decision to immediately endorse her, also regarded as monumental blunders.
This is the legacy Biden deserves.
Speaker 3 (25:48):
They met Trump and Biden met for two hours yesterday.
I find that pretty interesting alone. What were they talking about?
Trump says, they talked a lot about you and talked
a lot about Israel. But two hours, that's a pretty
serious conversation.
Speaker 2 (26:05):
Oh yeah, yeah, absolutely, I have no doubt. I'm glad
to hear it. Honestly.
Speaker 4 (26:08):
Another loser, of course, Tim Walltz oh right, the camo
hat guy who prod around, pranced around on stage, and
lied constantly about China and other weird things. He was
supposed to help the Hair's campaign appeal to men. He
pretended to go pheasant hunting, cackled with the ladies of
the U, and played video games with AOC. He said
Republicans were weird. Trump won mail voters by thirteen.
Speaker 3 (26:30):
Points, right, And obviously, if you're going to pick somebody
out of the whole crowd that was weird.
Speaker 2 (26:36):
He was almost certainly the weirdest. And I'm a knucklehead
at times.
Speaker 4 (26:40):
Another losers, other losers, the Obamas, and you know, he
talked about various things, but they tried to shame black
men into voting for Kamala, scolding the brothers for hating women.
Speaker 2 (26:55):
Oh, go away, please go away.
Speaker 4 (26:58):
Other losers Alex Soros, who's the son of billionaire George
Soros who funneled hundreds of million dollars of dollars into
the Democrats in twenty twenty four, hanging out with him
at elite conferences, inviting them to his swanky Manhattan pad,
et cetera. And some other people you've never heard of.
The mainstream media journalists are the worst. They scolded the
(27:19):
American people for feeling stressed about the economy and thinking,
but Biden was too old to run for reelection. They
still don't understand why no one trusts them or takes
them seriously. They try to put their thumbs on the
scale for Harris, but it made no difference due to
their rapidly diminishing credibility and relevance.
Speaker 2 (27:34):
They will learn nothing and carry on into the void.
Speaker 3 (27:37):
Speaking of spending money, did you see that Kamala Harris's
campaign gave Al Sharpton a half a million dollars five
hundred thousand dollars they gave to Kamala before he did
the glowing interview with her. Wow, what kind of shakedown
is that? And I can't believe that they play that
game with Al freaking Sharpton. You gave him a half
(27:59):
a million so he do a softball interview with you.
Speaker 4 (28:03):
Yeah, more losers the Lincoln Project go away, shameless griff.
There's criminals, terrorists in Iran. Not even Ben Rhodes can
save you.
Speaker 2 (28:13):
Now, Losers.
Speaker 3 (28:16):
That Al Sharpton thing pisses me off because that interview
got a fair amount of play in mainstream media because
she was addressing, you know, the black community and all
that sort of stuff. He did wouldn't do the interview
unless he got a half a million dollars.
Speaker 2 (28:28):
Oh my god.
Speaker 4 (28:30):
Can we have some sort of giant statement from you know,
the black folks in America, fabulous loyal Americans who disavowed
the very concept of Al Sharpton being a spokesperson for anybody.
Speaker 5 (28:44):
Arm Strong, the Armstrong and Getty Show.
Speaker 4 (28:55):
This is interesting and not terribly shocking. Well, I guess
when you get down to the the granular details, it
is fairly shocking. But Americans are more reliant than ever
on government aid. An aging population, economic distress raised dependence
on federal and state support, and it matters a hell
of a lot for our elections. As you might guess,
(29:16):
Wall Street Journal looking into a major study. This is
little graphics heavy, but I can interpret it for you.
They're talking about the share of personal income from government assistance.
How in how many counties is it twenty five percent
or more? In nineteen seventy, government safety Net money accounted
(29:40):
for significant income. That's more than twenty five percent. Twenty
five percent or more in fewer than one percent of
America's counties.
Speaker 2 (29:47):
So say that again. In one year in nineteen seventy,
it was less than one percent. Okay, okay.
Speaker 4 (29:54):
In two thousand it went from less than one percent
to roughly ten percent. That's the year twenty ten percent,
which a tenfold increase is not minor. In the year
twenty twenty two, fifty three percent, more than half of
US counties drew at least a quarter of their income
(30:15):
from government eight.
Speaker 3 (30:16):
So this is we were talking about this last week,
and now that it's the average person in the bottom quintile.
I know this is a lot of complicated talking, but
the bottom twenty percent of income earners in America get
on average sixty eight thousand dollars per household of transfer payments,
and that's left out of every argument about we have
(30:40):
the highest inequality of any nation.
Speaker 2 (30:42):
In the world.
Speaker 3 (30:43):
They never include this stuff and what you just talked
about there, that's never included in these conversations from Bernie
Sanders or probably Tim Walls tonight in the debate. People
live in paycheck to paycheck. Well, more people are getting
the handouts from the government than ever before by a lot.
And as we've discussed with Craig the healthcare guru, socialism
(31:07):
is not a light switch. It's a a fungus oh
that spreads across a country, and it's programmed benefits and yeah, yeah, sure.
Speaker 2 (31:16):
It starts hating across there's just no stopping it. Yeah.
Speaker 4 (31:20):
So the big reasons for this dramatic growth are interesting.
Some of them I think most conservatives would reject out
of hand, But it gets a little complicated when you
dig into it. There are much larger share of Americans
who are seniors. Period, we're living longer and we've aged
as a population, we're not having kids anymore. And healthcare
raw sorry, healthcare costs have risen fairly dramatically as they've
(31:44):
gotten more fantastic. The technology we have at our disposal
to keep ourselves healthy and alive is truly awe inspiring.
Speaker 2 (31:54):
But it costs.
Speaker 3 (31:55):
Yeah, And as my doctor said last week, what exactly
is the point? Sometimes he wanted, as we just get
you know, our brains don't work, our bodies don't work,
but we hang around longer at a great expense.
Speaker 4 (32:09):
Right, Well, it could be the money is the point
in at least some situations, although it's I understand it's
an odd conundrum that a person could sit around rubbing
their chin thinking about for a long time. You're not
going to turn down medical advances because it's every advance
is an incremental step. It can lead toward other advances
(32:30):
or cures or what have you. But at the same time,
you and your doctor are quite right, Hey, good news,
we can keep alzheimer suffering Granny alive for one more year.
We can stave off for cancer with this new gene therapy.
Blah blah blah. What are we doing here? Yeah, anyway
(32:50):
to get back to the major thread of the thing,
ERNI here blah blah. At the same time, many communities,
so it's the aging and the development of metaical technology.
Speaker 2 (33:00):
Number one.
Speaker 4 (33:01):
At the same time, any communities have suffered from economic
client because of the challenges, including the loss of manufacturing,
leaving government money is the larger share of people's income
in such places.
Speaker 2 (33:14):
You know, I could bore you to death.
Speaker 4 (33:15):
I won't because I do this for a living and
kind of enjoy getting the paycheck. But one of the
big debates in conservative circles these days is the question
of the reagan Esque free trade global economy conservatives versus
what's being called the new conservatism or whatever you want
(33:39):
to call it. And everybody's always government conservatism. Some people
call it, yeah, industrial planning, you know. Sometimes people even
call it central planning what have you, and are bellowing
at each other about it, as if the solutions and
the questions and answers are very simple.
Speaker 2 (33:57):
They're not at all. They're trillions of dollars at stake.
Speaker 4 (34:00):
So I understand why the people making lots and lots
of money want to keep that money flowing. They don't
care how much unemployment there is in rural Pennsylvania, for instance.
At the same time, oh oh, and the other point
I was going to make on the side of the
new Conservatives back in Reagan's day, we didn't have a
(34:22):
situation where our chief global adversary is our one of
our chief trading partners, technology partners, and practically indispensable to
the world economy. So if you are pitching free global
trade of a reaganesque sort, you are pitching continued interaction
slash dependence with China, which is just a bad idea.
(34:44):
Times have changed, the arguments have to change too, So
I have sympathy with both sides, but it is not simple.
So for its analysis of government spending, EIG, which is
the folks doing the analysis, used a government definition of
income that includes spending on programs that Americans pay into,
such as Medicare and Social Security. Another major government health program, Medicaid,
(35:07):
is counted. The analysis also includes unemployment insurance, food stamps,
the Earned Income Tax Credit, veterans benefits, pell grants, COVID
era payments, and other income supports. States helped pay for
some of these programs, like Medicaid, but the federal government
covers roughly seventy percent of the cost, and it doesn't
include other ways government spending floods into corners of America,
(35:28):
such as farm subsidies or military bases. So this spending
accounts for big and growing share of not only the
income of the nation but also our national debt. We
are addicted to government spending slash social programs as a country.
Speaker 3 (35:47):
There's no weaning off that either. I don't believe you
can go backwards, so I don't think it's possible, but
you do have.
Speaker 4 (35:52):
To be honest about the dollars and cents coming and going,
and we're headed for a cliff. So we went from
one percent nineteen seventy to over half now correct.
Speaker 2 (36:01):
That's unbelievable.
Speaker 3 (36:02):
Not very many people can tell you that Armstrong and
Getty