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April 10, 2025 • 12 mins
Brian is joined by Congressman Warren Davidson to talk Trump's tariffs and federal spending.
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Episode Transcript

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Speaker 1 (00:01):
Five KERSD Talk Station. A very happy Thursday to you.
Always a good day when Congressman Moarre and Davidson returns
of the fifty five KRSE Morning Show. Congressman Davidson, welcome back.
It's a pleasure to have you on, as it always is.

Speaker 2 (00:14):
Ran It's always an honor. Thanks, good to talk to you.

Speaker 1 (00:17):
And first off, I got to give you a little
bit of earfull through George Brunneman, who didn't stick around
to the studio to give it to himself that he
was hoping that you could do a video for the
Restore Liberty Fiscal Sanity rally on Sunday. So there you
make your own decisions. I told him I would pass
it along and put you on the spot because they've kind.

Speaker 2 (00:35):
Of a little I will find a way that sounds like
a great thing to do a video for.

Speaker 1 (00:39):
Yeah, there's going to be a lot of them, including
I believe, I guess vivek Ramaswami is going to be
providing one and Bernie Moreno as well. So you're in
good company there and that's a that's a great organization,
Restore Liberty dot Us. All right, I've taken you off
the spot and putting you back in your role as
an elected official in Congress. I don't know which which
direction you want to start. You perhaps just gauging reaction

(01:01):
on the whole tariff situation. I guess everybody got all
their money back. Yesterday when Donald Trump said he was
sitting down with what seventy five countries expressed the desire
to negotiate and work out something, including Canada, that sounded like,
you know, they wanted to push down for maybe open
free trade, open trade, and maybe just get rid of
tariff's all together, but at least sitting down at the

(01:22):
table and talking about it resulted in this ninety day pause,
which the markets exhaled and went through the roof. Your
reaction to all this going on.

Speaker 2 (01:32):
I love it when a plan comes together. You know,
people are like, oh, Trump folded like no, this was
its total bait the whole time, and it took this.
I mean the crazy thing is people were like, well,
why didn't he just get everybody to work together before? Well,
he tried his whole first term, and he told people
as he was meeting with them since since June of
twenty twenty three. He put out a video in June

(01:52):
of twenty twenty three saying exactly what he was going
to do on his campaign website, and then he got
an office and people acted surprise he did it. It's
like why would you? I mean, he says he's going
to do things, he does them in his campaign promises,
and this is one of them. And the big thing
that people didn't get about, why are you putting tariffs
on our allies? Well, one, they're not treating as fairly,

(02:15):
that's true, but the biggest thing is they refuse to
help with China. So what happened is China misplayed this badly,
and now we've built a coalition. We've set up the
opportunity to get the allies, our supposed allies, and the
people that came forward and said, well help. Part of
helping isn't just fixing your trade relationship with us, it's
fixing our collective trade relationship with China. China's been taking

(02:38):
advantage of everyone, stealing our intellectual property, blocking market access.
And part of why China has no leverage they don't
allow us access to their market. So, okay, put your
tariffs at whatever you want, but it's not going to
hurt us as much as our tearifts are hurting you,
and that's what you're seeing turmoil in the bond market
because China needs to keep selling off things to create
liquidity to hold their currency pegged love it's their currency

(03:01):
manipulation practice. So this is a well crafted play. It's
a big part of why Scott Bessant became the Secretary
of Treasury.

Speaker 1 (03:07):
Yeah, and I was just going to bring Scott beston
up because yesterday he said, in response to that eighty
four percent additional tariff, China added because they're going the
opposite direction rather than negotiate something with us, they hoped
on a much bigger tariff. So what we're a one
twenty five and they're kind of close to that at
this point. But he said they may delist Chinese stock
from American exchanges. That would happen. That would be a herd,

(03:30):
that would sting.

Speaker 2 (03:32):
Yeah, We've got a lot of tools that we could
use to go through China. I mean right now, that's
one of the things. And you know, honestly, China gets
special treatment to even be listed. Normally, you have to
be fully audited by a firm recognized by you know,
the New York Stock Exchange. For example, Masdak whatever, you
have credible audits. But China's stocks are essentially tracking stocks

(03:53):
because they're they're not going through the same level of scrutiny,
and so you could easily just hold the Chinese company
to the same standard as everyone else, and while they
would be delisted. We've got nearly three hundred thousand students
in the United States from China. America has about thirty
thousand students in China. So we go ahead and say, well,
you know, you can't study here. And honestly, China expects

(04:16):
their students to spy on Americans in order to be
eligible for the student visa. So you know, there are
all kinds of tools that we could use here. And look,
I think, honestly, Donald Trump, Scott Bessant, myself, and most
of my colleagues, we would love to have a friendly
relationship with the people of China. Chishi Ping, he's not
that kind of guy. He's not the same guy that

(04:38):
Doung Chaoping was. And that's the kind of deal that
happened that opened up China is you had kind of
this mindset that we can engage and bring China into
the fold. Now they may have been dishonest, the entire time.
But culturally the phenomenon in China is just radically different
under Chizhuping than it was under Hu Jintao. And you know,
if you follow anything much about China and who Jintao was,

(05:00):
the guy that chijupin purp walked out of the People's
Congress at the last time. He was the former president,
former leader, chairman of the Pennese Communist Party, and just
a very different kind of approach to foreign engagement. And
chijupinion is essentially like Mount mal Or.

Speaker 1 (05:16):
I was going to say Stalin, but yeah, very so,
very reminiscent of the Soviet Union. If you disagree with
or represent some sort of threat to the leader, then
you tend to disappear and are used to be. They
eradicated you from photographs. Even I thought that using old
technology they could erase people's existence. Kind of very Orwellian.

(05:37):
Oh maybe that's why he wrote nineteen eighty four. Anyway,
turning over to the Senate budget resolution, which I saw,
Speaker Johnson canceled a vote yesterday evening on the Senate
budget proposal. Apparently there's some good holdouts in Congress that
want to get more promises of cuts. And my understanding
is the Senate proposal only cuts four billion over ten years,

(05:58):
which is like how much we spill on a daily basis,
and House Republicans were looking for more like two trillion
in cuts. Where are we on this?

Speaker 2 (06:04):
Congressman Davidson, Well, I couldn't support the Senate version, and
honestly so, I was in negotiations with the Speaker, you know,
really all week, but we basically closed the doors and
sat there from like six pm until eleven last night
trying to negotiate some sort of way around this. The
Senate doesn't really want to be bound to the House's number,

(06:27):
and look, bad news doesn't get better with time. I mean,
if they say, oh, we can find the votes, well,
don't find the votes three months from now. Find the
votes now. And you know they're having a hard time
getting people in the Senate to commit to promising to
save money, let alone on final passage. When all the
deals put together, then there'll be a lot of pressure
to get it done because the tax cuts will have

(06:48):
been negotiated, the spending cuts will have been negotiated, the
debt ceiling limit will have been agreed to. And here's
the thing. The House said, look, in exchange for one
and a half trillion in it as a floor, we
will raise the debt limit by four trillion dollars. Now,
when are you going to normally make a loan? For
the loan officers out there listening, when are you going

(07:10):
to make a loan of four trillion dollars when somebody
promises to only find a way to come up with
one and a half trillion, and you know darn well
that they actually over a ten year period, don't need
four trillion, they need eighteen trillion, right, who's going to
make that loan? Well, that's what that's what basically Congress
is doing with either of these bills. So even the
House bill isn't very good. But instead of one and

(07:31):
a half trillion dollar floor, the Senate bill said, we'll
see your four trillion and we'll raise it. We want
five trillion, and we're only going to commit to four
billion in savings, which is like a day of interest
payments exactly. That's insane. That's insane, and you know there's
no Now, they promised privately in the Senate part of

(07:51):
how they got some of these good senators to go
along with it. They promised privately, Well, we're really going
to come up with two to three trillion, put it
on paper exactly pross conference in publicans say it at least,
but they're all, well, but in the quiet whispers behind
the closed doors, you know, we really think we can
come up now we're done with the hollow promises stuff.

(08:12):
That's that's basically how you we got into this mess,
not because Conservatives held up things. We got in this
mess because of bipartisan bankrupt America policies have got us
thirty six train in debt.

Speaker 1 (08:22):
Yeah, I'm glad you said bipartisan banker of American policies,
because let's face it, the Republicans own the Senate, and
maybe not by much, but they still do. They control it.
They have the majority of votes saying with the House
this this, it's as if they're they're they're passing up
a golden opportunity with all of the spotlight that's being
shed by the Department of Governmental Efficiency on all of
the fraud wasted abuse in government. These are hard earned

(08:45):
taxpayer dollars taken from our wallets because we labored for it,
and they don't seem to care a whit about where
the money goes that message has been projected loud and
creative American public. We get it. We understand that more
people are outraged by it. Thanks to the work of Doge.
This seems it's like the best possible time in this
in the history or at least as long as I've
been living, to make make an argument for genuine cuts

(09:08):
to the government spending.

Speaker 2 (09:11):
Yeah, I've never seen more momentum in the public and
the popular consciousness behind less government. And you just got
to be honest. If you find somebody right now that
is not going to say they'll vote for less government
in light of the environment we're in right now, they
don't want less government, you know. I mean there's people
that could get boxed into less government because they know

(09:32):
that's what the momentum with the public is. The idea
that we're going to move this and not actually deliver
less government, to me is insane. And look the President's
and out look, we're going to get at least a
trillion dollars in cuts and all that, and that's important.
But the lack of trust isn't what Donald Trump. It's
not what the team he's hired. Those guys are great.
It's with the Senate. The Senate always fails us, and

(09:52):
you look at it like where's the pressure. There's always
like pressure on House conservatives, and you know the reason
we can't have nice things is conservatives in the House.
Right when was their pressure on the Senate? I mean,
there's not even a crossword to a Senator. When was
their pressure on the Senate when they were negotiating this
crap deal of four billion dollars in savings that's crazy.
As they were doing that, where was the pressure being

(10:14):
applied to the Senate? So right now, I think that's
the thing that's like, You've got a couple dozen of
us that are just like, look, I can't vote for
this thing without something further. And then you know, there's
there's jet fumes out here and everybody wants to get
out of town for Eastern Break and Passover and all that.
You know, maybe that'll make everybody come come together and
do a reasonable deal. But I think those of us

(10:35):
that are dug in on we're bankrupting America and I'm
not going to participate in it, are in for the fight.
And it's like, look, we don't want to be obstructionist
in the sense of you know, getting the agenda done,
but we do want to be obstructuralist. If you're planning
on driving to the crash site, lasting us in a
debt bomb, we don't want to participate in that.

Speaker 1 (10:56):
Yeah, history will remember who fought for the fiscal responsibility
and who let us well down this existential threat, which
is the you know, essentially thirty six trillion and growing
every moment. While we speak deficit we have, it's just
it's it's crazy. I mean, no one can project down
the road how this can work out successfully, and that

(11:19):
is a reality no one can hide from. So you know,
we're going to we're going to spend ourselves into oblivion
and we're going to collapse the fiat currency, which will
basically mean the ant of the American economy.

Speaker 3 (11:29):
Congressman Davidson, Yeah, I mean, and look when when the
US US dollar, when the US economy has time borrowing
funding treasuries, that's not like you know when Gerise had
a hard time borrowing it or whatever.

Speaker 2 (11:42):
We are the market. I mean, people go to the
dollar for the hedge, They buy US treasuries for security instability. Yes,
I mean, we not only have about five percent of
the world's population four and a half or so, we
get over fifty percent of the world's capital invested in
our markets. Yeah, I mean so truly. Like the idea

(12:02):
that the United States could have problems with our economy
in the world economy be okay, is crazy. I mean
it is, and that's kept us propped up for a
long time things that everybody knows isn't sustainable, and that's
led people to falsely believe that, well, we can keep
doing this. We can just print money. You know, we
have the reserve currency. We can just spend more money

(12:24):
and death sits don't matter. I think, well, DEFs, it
don't matter. Why bother collecting taxes? I mean, I used
to be part of the reason why why people said, well,
we want to hold the taxes low because they'll hold
down the size and scope of government. But they've blown
way past that. There's not even a talk about balancing
the budget at this point.

Speaker 1 (12:41):
Conor some more and Davidson wish we had more time.
We are out. I appreciate your willingness to talk with
my listeners of me this morning, and I'll look forward
to having a conversation again. Meanwhile, keep fighting a good fight.
We've got a golden opportunity right here now.

Speaker 2 (12:52):
YouTube Brian God bless you and all your listeners.

Speaker 1 (12:54):
Take care. Seven fifty three fifty five CARES Detalk Station
Way Long Pop

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