Episode Transcript
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Speaker 1 (00:00):
The voices of episode glad we have you heard daily
you're the only voice of reason on.
Speaker 2 (00:05):
The radio fifty five krs the talk station.
Speaker 1 (00:11):
Hey six at fifty five camera see the talk station.
It is that time of the week, Every Tuesday, it's
the inside Scoop with bright Bart News. I always start
out with a segment saying, book market br E I
t BA RT dot com. You'd be glad you did
great stuff there, most utly by the economics editor and
co author of the bright Bart Business Digest, The Return
(00:32):
of John Carney. Welcome back, John. It's always a pleasure
to have you on the morning show.
Speaker 2 (00:37):
Yes, thanks for having me.
Speaker 1 (00:38):
Now, we've been hearing about a market correction for months
and months, if not a couple of years. Market's overvalued.
There's going to be a correction. And lo and behold.
Now that the market is down and there has been
what is characterized as a correction with the S and
P five hundred ten percent, it's Trump's fault with the tariffs. Now,
I don't know if you can draw a straight line
between tariffs and the market. I know the market reacted
to tariffs and a lot of economists don't like them
(01:00):
because they say, it's an additional tax on the American people.
And I'm kind of sitting on the fence one way
or another about whether they're a good thing or not.
But you can't compete with a country like China. I mean,
they have slave labor, they don't have OSHA, they don't
have unions, they don't have regulations. I mean it's just,
you know, we don't have an equal playing field. And
so tariff seemed to be sort of an honest way
(01:24):
of dealing with goods flowing in from China. What's your take?
Speaker 2 (01:28):
That's right. Look, it even goes further beyond that. China's
predatory practices actually have really depressed investment in US innovation
because let's say you want to build a rare earth
mining facility in the US. So you spend a couple
(01:49):
hilarious yeah dollars to build this facility. China will subsidize
its rare earth mining so that the price drops the
low the cost of production until the US facility goes
out of business. This has actually happened a few times,
not just in rare earths, but in many different fields.
(02:11):
And so what we see is a lack of investment
because you know, if you put in place that investment,
China will come in to wipe you out with their
state backed companies. So what does that mean. It means
that we have to do something about it if we
want to be innovative, if we want to be able
to do these kind of industries in the US, and
so Trump is doing that. I also have to say
(02:33):
I don't buy the tariffs caused the selloff argument at all.
Trump got elected back in November. Everybody knew tariffs were coming.
The market did very well in November, December, and January,
sold off in February and the beginning of March. That
timing doesn't make a lot of sense unless you have
the theory that somehow people thought Trump was joking about tariffs.
(02:54):
I mean, he was already president. We know he wasn't joking.
This was real, it was coming. I don't buy the
narrative that tariffs caused the sell off.
Speaker 1 (03:03):
Yeah, and I recognize that completely. So I'm willing to
give that a nod, and again a correction was long overdue.
But the other component of it is, of course, when
you point out China, can you know, build something subsidize
it to to undermine any efforts here to compete on
any playing field. They also don't have to fight environmental
(03:26):
lawsuits and challenges that seem to come out of the
four corners of the globe.
Speaker 2 (03:31):
Right, they don't have judges that will enjoin every single
thing that the that their government attempts to do to
encourage innovation. Right. If Donald Trump says, you.
Speaker 3 (03:41):
Know what, I legally, under the law, I have the
authority to suspend this regulation, to change this regulation, because
that's been a power given by Congress to the executive
branch to set the regulations, a federal judge will.
Speaker 2 (03:56):
Say, Nope, I'm not going to let you do that.
China doesn't have the problem a little of an activist
judiciary getting in the way of pro industrial reform.
Speaker 1 (04:05):
If they did, they would be, in modern parlance, disappeared.
If you know what I mean, well, exactly right. And
the Trump's efforts, of course, are to return business to
the United States. You know, if it's more expensive to
do business elsewhere, then someone might likely relocate to the
United States where they're going to enjoy the tax advantages
of being here. And that's already borne fruit to some degree.
(04:25):
Got Ge Aerospace a Sahi JSW Steel Honda, Hyundai, LG, Samsung,
and stilanis promising to invest billions of dollars here in
the United States. And this is an effort that's going
to take time, but it also responds to a challenge
of something we all painfully learned from COVID is that
we woke up to the reality that China was making
literally everything that we needed by way of healthcare products,
(04:47):
including all of our medicines. That is scary that component itself.
Pharmaceuticals manufactured based on Chinese components or fully manufactured in China,
those are pharmaceuticals a Phillip Perry relies on as well.
Speaker 2 (05:03):
That's right. Look, there are some things that it's fine
if you have to import it. We can make chocolate
in America without growing our own cocoa because if ever
there's a disruption in chocolate, that would break my wife's heart.
But it's not going to be a threat to national
suiture exactly. But we do need to grow our own
(05:24):
wheat and we have to have our own millers to
make the flour so that we can bake bread. So
and you know that's true about when it comes to
steel copper. It's true about medicines. Becoming dependent on imports
for critical things that you cannot survive without, or that
you cannot be the arsenal of democracy and freedom in
(05:45):
the world without should be a non starter. We absolutely
have to do this, and I think that the market
is actually going to realize that this is going to
be good for America. I think that that actually there's
a fun Man survey out of the back of America
today that says cash holdings among global fund managers are
(06:05):
very high.
Speaker 3 (06:06):
They were very low.
Speaker 2 (06:08):
This is a contrarian indicator. When there's a lot of
cash not invested in the market, that's a sign that
the market can go up. When there's very little cash
that's not invested, it's very hard for the market to
go up because nobody has more money to put into stocks.
Speaker 1 (06:23):
Well, one of the other things that seems to be
bearing fruit, I know it isn't as expensive for me
to fill my gas tank up right now. Trump's energy
policies obviously one hundred and eighty degrees shift from the
Biden administration, and they're green a focus in this nonsensical
idea that we can rely on the wind and the
sun to power our electric grid. And fortunately on board
with the Trump administrations all the above policies. Some major
(06:45):
tech companies that now want to build their own modular
nuclear plants, which will allow that technology to come to
the unwashed masses, which it should have already. So reducing
the regulatory burden and opening up all of these different
areas of energy development is going to be really sick
helpful for our country.
Speaker 2 (07:02):
That's right. If we can bring down the cost of energy,
that will be very helpful to the US economy. And frankly,
people who are very upset about things like USAID going
away should actually be one hundred percent on board with
energy abundance because guess what will help the developing world
more than any other handout that we can give them
(07:23):
is cheaper energy. That's great for the US economy, it's
great for the global economy, and we're going to get there.
I mean, I have never seen an administration more focused
on the production of energy than Donald Trump is. He
really believes that that is one of the key things
we can do to fire up our economy.
Speaker 1 (07:44):
Well, and I'm convinced, you know, honestly, and I've never
been a person who believes that you and I are
exhaling our way into extinction. You know, CO two happens
to be plant food, which is good for plants, and
we chase our tails with this. And I'm I'm really
convinced considering China builds like two coal plants every single
(08:06):
day and they don't care whit's worth of what they're
putting into the environment, that they are one of the
entities evil they may be that is pushing this myth
on the United States and the European nations and perpetuating
this myth that we need to all you tighten our
belt and rely on the wind and sun to our
collective peril. Everything runs on energy, and the cheaper the energy,
(08:30):
the less expensive products and goods and services are. And
that's like giving everybody a tax break. If you can
lower my monthly energy bill by one hundred bucks, that's
making me one hundred dollars more wealthy. I can still
live in my house at the temperature I want, and
I've got a little bit more money in my pocket.
It's like they're whittling it away at every turn.
Speaker 2 (08:48):
That's right. There is almost a semi religious aspect to
the climate change of armism, where they believe that if
we can you know, more or less get ourselves to
live in poverty. Yeah, than the gods of the climate
will forgive us and everything will go. Well, that's not
(09:10):
going to happen. There are no gods of the climate,
and there's very little. Look, I do believe that climate
change is happening in the world. I do not believe
that deciding that the US should be a poorer country
or use less energy is going to make a witch difference.
Not just because China is going to keep polluting as
(09:32):
much as they are. They'll even pollute more because if
we're not using the energy, they'll use more of it, Yeah,
but also because the long history suggests that climate change
is something that happens on Earth all the time.
Speaker 1 (09:46):
Exactly, it happens all the time. There was a mini
ice age. We used to have a glacier that covered
the entire state of Ohio. It's why it's flat. It's
why we grow corn here now, you know. And I'm
glad it's gone. I'm glad they heat it up a
little bit.
Speaker 2 (09:59):
We are not.
Speaker 1 (10:00):
We couldn't survive if this is all a glacier still,
So they overlook that and just focus on the most
recent weather event, as if that one is, Oh, that's
our fault this time. It's nonsense, that's right.
Speaker 2 (10:12):
You know, it's I was talking to a friend of
mine who lives in New Orleans and it snowed in
New Orleans for the first time in a long time,
and they told us that that is also because of
climate change. So if the weather's cold, then they say
that's because of global warming. If the weather's hot, they
say that's because of global warming. Frankly, as you said,
the climate changes, if you look at the history of Europe,
(10:35):
you'll see that climate change actually had a big effect.
I'm not saying it doesn't matter or it doesn't have
an effect. It will have an effect. Places like Ohio
and even further places like North Dakota will become more fertile,
become better farmland. Frankly, other places will become hotter. That
is going to happen. However, we can find ways to
(10:58):
live with that rabit than trying to bow down, you know,
sort of beat our backs with the whips of anti
energy policies in order to try to appease the gods
of climate change.
Speaker 1 (11:11):
Well, you know, every time it happens, the volcano erupts.
We had the wildfires in California, statisticians. Statisticians come out
and point out, well, that negated all of our efforts
to rid the planet a CO two for the past
five or six years with what it belched out in
terms of the naturally occurring event. I mean, you're fighting
the Sissivian challenges. Is not going to happen. So nature
(11:33):
will take its course and negate what you've tried, and
we'll all end up starving while we're trying to fight nature.
Back over to USA, and you mentioned USA it earlier,
and I know it's just a just a small slice
of government spending, but what the revelations that are coming
out of what Department of Government Efficiency is doing are
just mind boggling. And the American taxpayers getting a real
(11:55):
eye full of all the waste and fraud and abuse
that the government has been engaged in, the crazy projects
we've been funding. And the Democrats are pulling their hair
out over it, and I keep calling it, they're trying
to defend the indefensible. I can't believe any single American
taxpayer really wants us to continue funding pick one trimp
on treadmills, you know, the Sesame Street in Iraq, I mean,
(12:17):
go on. The list is almost endless and the low
hanging fruit. Looking at the Social Security Administration, we've got
hundreds and thousands of Social Security numbers that are still
active now whether or not they're getting money from them,
but they're still active for people who are obviously dead
that should have been cleaned up a long time ago.
Speaker 2 (12:35):
And those numbers have actually even if the Social Security
Administration is not sending out checks to people who are
one hundred and sixty years old, which by the way,
I know that people say they are not. We need
a thorough accounting to make sure they are not. I
do not trust that Bernie Sanders knows that they are
definitely not setting out checks. He said this the day
(12:58):
it came out. How could he know that. So yes,
let's look through the books. But those social Security numbers
of long den people are actually have actually been used
in all sorts of fraudulent ways, just getting small business
loans from the US government. So it is not a
harmless thing that those exist.
Speaker 1 (13:15):
Of course, and people can use those who are not
lawfully eligible to be employed in this country. That if
using fake social Security numbers happens all the time, you
just grab one, you present it to your employer, and
boom you're in. So there's just all kinds of areas
that where it can be abused.
Speaker 2 (13:29):
And also think that you brought up the you know,
one of the excuses people say, like usaid, it's just
the small piece of the federal government. First of all,
it's forty eight to sixty billion dollars. In my book,
that's that's not real money. Second, it's incredible that they
(13:49):
try to say, why do you care about that sixty billion? Well, okay, look,
if you write me a check for sixty billion, I
promise I will also waste it, and nobody should care.
The other thing I will say is that the way
our deficit is built is on a zillion little pieces
(14:10):
that you if you could say to any one part, oh,
that's just so small, don't do anything about it. Well
that means you can't do anything about anything, because every
aggregate is built of small pieces.
Speaker 1 (14:23):
Well, I'm a firm believer in my lifelong adage, mind
the pennies, the dollars, mind themselves. So I wasn't trying
to negate the importance of what they're doing. Everything counts,
even if it's allows the four hundred thousand dollars grant
to some university for DEI or something cut it. We
shouldn't be spending our money on that. I'll tell you what.
(14:44):
John Carney, he is the economics senator co author of
the Breitbart Business Digest. I really strongly encourage you to
bookmark Breitbart dot com. It's an integral part of my
preparation for the morning show. They do great reporting and
they stay on top of things you're not going to
find the mainstream media.
Speaker 2 (14:57):
John.
Speaker 1 (14:57):
It's always a pleasure talking with you, my friend. I
look forward to our next conversation.
Speaker 2 (15:02):
Thanks for having me.
Speaker 1 (15:03):
This is great my pleasure. It's a twenty one stick
around the Daniel Davis Deep Dive. We're at the latest
on Russia, Ukraine, Israel and Jamas with Daniel at the
bottom of the hour. Hope you can stick around for that.
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Speaker 2 (16:21):
Our iHeartRadio Music Awards celebrated the music and artist
The voices of episode glad we have you heard daily
you're the only voice of reason on.
Speaker 2 (00:05):
The radio fifty five krs the talk station.
Speaker 1 (00:11):
Hey six at fifty five camera see the talk station.
It is that time of the week, Every Tuesday, it's
the inside Scoop with bright Bart News. I always start
out with a segment saying, book market br E I
t BA RT dot com. You'd be glad you did
great stuff there, most utly by the economics editor and
co author of the bright Bart Business Digest, The Return
(00:32):
of John Carney. Welcome back, John. It's always a pleasure
to have you on the morning show.
Speaker 2 (00:37):
Yes, thanks for having me.
Speaker 1 (00:38):
Now, we've been hearing about a market correction for months
and months, if not a couple of years. Market's overvalued.
There's going to be a correction. And lo and behold.
Now that the market is down and there has been
what is characterized as a correction with the S and
P five hundred ten percent, it's Trump's fault with the tariffs. Now,
I don't know if you can draw a straight line
between tariffs and the market. I know the market reacted
to tariffs and a lot of economists don't like them
(01:00):
because they say, it's an additional tax on the American people.
And I'm kind of sitting on the fence one way
or another about whether they're a good thing or not.
But you can't compete with a country like China. I mean,
they have slave labor, they don't have OSHA, they don't
have unions, they don't have regulations. I mean it's just,
you know, we don't have an equal playing field. And
so tariff seemed to be sort of an honest way
(01:24):
of dealing with goods flowing in from China. What's your take?
Speaker 2 (01:28):
That's right. Look, it even goes further beyond that. China's
predatory practices actually have really depressed investment in US innovation
because let's say you want to build a rare earth
mining facility in the US. So you spend a couple
(01:49):
hilarious yeah dollars to build this facility. China will subsidize
its rare earth mining so that the price drops the
low the cost of production until the US facility goes
out of business. This has actually happened a few times,
not just in rare earths, but in many different fields.
(02:11):
And so what we see is a lack of investment
because you know, if you put in place that investment,
China will come in to wipe you out with their
state backed companies. So what does that mean. It means
that we have to do something about it if we
want to be innovative, if we want to be able
to do these kind of industries in the US, and
so Trump is doing that. I also have to say
(02:33):
I don't buy the tariffs caused the selloff argument at all.
Trump got elected back in November. Everybody knew tariffs were coming.
The market did very well in November, December, and January,
sold off in February and the beginning of March. That
timing doesn't make a lot of sense unless you have
the theory that somehow people thought Trump was joking about tariffs.
(02:54):
I mean, he was already president. We know he wasn't joking.
This was real, it was coming. I don't buy the
narrative that tariffs caused the sell off.
Speaker 1 (03:03):
Yeah, and I recognize that completely. So I'm willing to
give that a nod, and again a correction was long overdue.
But the other component of it is, of course, when
you point out China, can you know, build something subsidize
it to to undermine any efforts here to compete on
any playing field. They also don't have to fight environmental
(03:26):
lawsuits and challenges that seem to come out of the
four corners of the globe.
Speaker 2 (03:31):
Right, they don't have judges that will enjoin every single
thing that the that their government attempts to do to
encourage innovation. Right. If Donald Trump says, you.
Speaker 3 (03:41):
Know what, I legally, under the law, I have the
authority to suspend this regulation, to change this regulation, because
that's been a power given by Congress to the executive
branch to set the regulations, a federal judge will.
Speaker 2 (03:56):
Say, Nope, I'm not going to let you do that.
China doesn't have the problem a little of an activist
judiciary getting in the way of pro industrial reform.
Speaker 1 (04:05):
If they did, they would be, in modern parlance, disappeared.
If you know what I mean, well, exactly right. And
the Trump's efforts, of course, are to return business to
the United States. You know, if it's more expensive to
do business elsewhere, then someone might likely relocate to the
United States where they're going to enjoy the tax advantages
of being here. And that's already borne fruit to some degree.
(04:25):
Got Ge Aerospace a Sahi JSW Steel Honda, Hyundai, LG, Samsung,
and stilanis promising to invest billions of dollars here in
the United States. And this is an effort that's going
to take time, but it also responds to a challenge
of something we all painfully learned from COVID is that
we woke up to the reality that China was making
literally everything that we needed by way of healthcare products,
(04:47):
including all of our medicines. That is scary that component itself.
Pharmaceuticals manufactured based on Chinese components or fully manufactured in China,
those are pharmaceuticals a Phillip Perry relies on as well.
Speaker 2 (05:03):
That's right. Look, there are some things that it's fine
if you have to import it. We can make chocolate
in America without growing our own cocoa because if ever
there's a disruption in chocolate, that would break my wife's heart.
But it's not going to be a threat to national
suiture exactly. But we do need to grow our own
(05:24):
wheat and we have to have our own millers to
make the flour so that we can bake bread. So
and you know that's true about when it comes to
steel copper. It's true about medicines. Becoming dependent on imports
for critical things that you cannot survive without, or that
you cannot be the arsenal of democracy and freedom in
(05:45):
the world without should be a non starter. We absolutely
have to do this, and I think that the market
is actually going to realize that this is going to
be good for America. I think that that actually there's
a fun Man survey out of the back of America
today that says cash holdings among global fund managers are
(06:05):
very high.
Speaker 3 (06:06):
They were very low.
Speaker 2 (06:08):
This is a contrarian indicator. When there's a lot of
cash not invested in the market, that's a sign that
the market can go up. When there's very little cash
that's not invested, it's very hard for the market to
go up because nobody has more money to put into stocks.
Speaker 1 (06:23):
Well, one of the other things that seems to be
bearing fruit, I know it isn't as expensive for me
to fill my gas tank up right now. Trump's energy
policies obviously one hundred and eighty degrees shift from the
Biden administration, and they're green a focus in this nonsensical
idea that we can rely on the wind and the
sun to power our electric grid. And fortunately on board
with the Trump administrations all the above policies. Some major
(06:45):
tech companies that now want to build their own modular
nuclear plants, which will allow that technology to come to
the unwashed masses, which it should have already. So reducing
the regulatory burden and opening up all of these different
areas of energy development is going to be really sick
helpful for our country.
Speaker 2 (07:02):
That's right. If we can bring down the cost of energy,
that will be very helpful to the US economy. And frankly,
people who are very upset about things like USAID going
away should actually be one hundred percent on board with
energy abundance because guess what will help the developing world
more than any other handout that we can give them
(07:23):
is cheaper energy. That's great for the US economy, it's
great for the global economy, and we're going to get there.
I mean, I have never seen an administration more focused
on the production of energy than Donald Trump is. He
really believes that that is one of the key things
we can do to fire up our economy.
Speaker 1 (07:44):
Well, and I'm convinced, you know, honestly, and I've never
been a person who believes that you and I are
exhaling our way into extinction. You know, CO two happens
to be plant food, which is good for plants, and
we chase our tails with this. And I'm I'm really
convinced considering China builds like two coal plants every single
(08:06):
day and they don't care whit's worth of what they're
putting into the environment, that they are one of the
entities evil they may be that is pushing this myth
on the United States and the European nations and perpetuating
this myth that we need to all you tighten our
belt and rely on the wind and sun to our
collective peril. Everything runs on energy, and the cheaper the energy,
(08:30):
the less expensive products and goods and services are. And
that's like giving everybody a tax break. If you can
lower my monthly energy bill by one hundred bucks, that's
making me one hundred dollars more wealthy. I can still
live in my house at the temperature I want, and
I've got a little bit more money in my pocket.
It's like they're whittling it away at every turn.
Speaker 2 (08:48):
That's right. There is almost a semi religious aspect to
the climate change of armism, where they believe that if
we can you know, more or less get ourselves to
live in poverty. Yeah, than the gods of the climate
will forgive us and everything will go. Well, that's not
(09:10):
going to happen. There are no gods of the climate,
and there's very little. Look, I do believe that climate
change is happening in the world. I do not believe
that deciding that the US should be a poorer country
or use less energy is going to make a witch difference.
Not just because China is going to keep polluting as
(09:32):
much as they are. They'll even pollute more because if
we're not using the energy, they'll use more of it, Yeah,
but also because the long history suggests that climate change
is something that happens on Earth all the time.
Speaker 1 (09:46):
Exactly, it happens all the time. There was a mini
ice age. We used to have a glacier that covered
the entire state of Ohio. It's why it's flat. It's
why we grow corn here now, you know. And I'm
glad it's gone. I'm glad they heat it up a
little bit.
Speaker 2 (09:59):
We are not.
Speaker 1 (10:00):
We couldn't survive if this is all a glacier still,
So they overlook that and just focus on the most
recent weather event, as if that one is, Oh, that's
our fault this time. It's nonsense, that's right.
Speaker 2 (10:12):
You know, it's I was talking to a friend of
mine who lives in New Orleans and it snowed in
New Orleans for the first time in a long time,
and they told us that that is also because of
climate change. So if the weather's cold, then they say
that's because of global warming. If the weather's hot, they
say that's because of global warming. Frankly, as you said,
the climate changes, if you look at the history of Europe,
(10:35):
you'll see that climate change actually had a big effect.
I'm not saying it doesn't matter or it doesn't have
an effect. It will have an effect. Places like Ohio
and even further places like North Dakota will become more fertile,
become better farmland. Frankly, other places will become hotter. That
is going to happen. However, we can find ways to
(10:58):
live with that rabit than trying to bow down, you know,
sort of beat our backs with the whips of anti
energy policies in order to try to appease the gods
of climate change.
Speaker 1 (11:11):
Well, you know, every time it happens, the volcano erupts.
We had the wildfires in California, statisticians. Statisticians come out
and point out, well, that negated all of our efforts
to rid the planet a CO two for the past
five or six years with what it belched out in
terms of the naturally occurring event. I mean, you're fighting
the Sissivian challenges. Is not going to happen. So nature
(11:33):
will take its course and negate what you've tried, and
we'll all end up starving while we're trying to fight nature.
Back over to USA, and you mentioned USA it earlier,
and I know it's just a just a small slice
of government spending, but what the revelations that are coming
out of what Department of Government Efficiency is doing are
just mind boggling. And the American taxpayers getting a real
(11:55):
eye full of all the waste and fraud and abuse
that the government has been engaged in, the crazy projects
we've been funding. And the Democrats are pulling their hair
out over it, and I keep calling it, they're trying
to defend the indefensible. I can't believe any single American
taxpayer really wants us to continue funding pick one trimp
on treadmills, you know, the Sesame Street in Iraq, I mean,
(12:17):
go on. The list is almost endless and the low
hanging fruit. Looking at the Social Security Administration, we've got
hundreds and thousands of Social Security numbers that are still
active now whether or not they're getting money from them,
but they're still active for people who are obviously dead
that should have been cleaned up a long time ago.
Speaker 2 (12:35):
And those numbers have actually even if the Social Security
Administration is not sending out checks to people who are
one hundred and sixty years old, which by the way,
I know that people say they are not. We need
a thorough accounting to make sure they are not. I
do not trust that Bernie Sanders knows that they are
definitely not setting out checks. He said this the day
(12:58):
it came out. How could he know that. So yes,
let's look through the books. But those social Security numbers
of long den people are actually have actually been used
in all sorts of fraudulent ways, just getting small business
loans from the US government. So it is not a
harmless thing that those exist.
Speaker 1 (13:15):
Of course, and people can use those who are not
lawfully eligible to be employed in this country. That if
using fake social Security numbers happens all the time, you
just grab one, you present it to your employer, and
boom you're in. So there's just all kinds of areas
that where it can be abused.
Speaker 2 (13:29):
And also think that you brought up the you know,
one of the excuses people say, like usaid, it's just
the small piece of the federal government. First of all,
it's forty eight to sixty billion dollars. In my book,
that's that's not real money. Second, it's incredible that they
(13:49):
try to say, why do you care about that sixty billion? Well, okay, look,
if you write me a check for sixty billion, I
promise I will also waste it, and nobody should care.
The other thing I will say is that the way
our deficit is built is on a zillion little pieces
(14:10):
that you if you could say to any one part, oh,
that's just so small, don't do anything about it. Well
that means you can't do anything about anything, because every
aggregate is built of small pieces.
Speaker 1 (14:23):
Well, I'm a firm believer in my lifelong adage, mind
the pennies, the dollars, mind themselves. So I wasn't trying
to negate the importance of what they're doing. Everything counts,
even if it's allows the four hundred thousand dollars grant
to some university for DEI or something cut it. We
shouldn't be spending our money on that. I'll tell you what.
(14:44):
John Carney, he is the economics senator co author of
the Breitbart Business Digest. I really strongly encourage you to
bookmark Breitbart dot com. It's an integral part of my
preparation for the morning show. They do great reporting and
they stay on top of things you're not going to
find the mainstream media.
Speaker 2 (14:57):
John.
Speaker 1 (14:57):
It's always a pleasure talking with you, my friend. I
look forward to our next conversation.
Speaker 2 (15:02):
Thanks for having me.
Speaker 1 (15:03):
This is great my pleasure. It's a twenty one stick
around the Daniel Davis Deep Dive. We're at the latest
on Russia, Ukraine, Israel and Jamas with Daniel at the
bottom of the hour. Hope you can stick around for that.
The first word for my good friends at USA Insallation.
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You need to make the call. It's a free inspection
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That was my daughter's case. With like old R twelve,
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From the get go USA's premium phone made right here
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Speaker 2 (16:21):
Our iHeartRadio Music Awards celebrated the music and artist
Brian Thomas News
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