Seth Grossman WPG Radio Nov 8, 2025.
Here is a summary of the topics discussed by Seth Grossman in the audio clip:
Why Did Jack Ciattarelli and other NJ Republicans Lose So Badly? A central theme is why Republican candidates like Jack Ciattarelli and Claire Swift lost their elections.
The "Trump Factor": One big reason was that the NJ elections were "all about Trump. Trump was extremely unpopular among most NJ voters and that put all Republican candidates in "bind": The would lose a big chunk of voters if the criticized him, but they would lose different voters if they supported him.
Jack Ciattarelli and Republicans had no persuasive message. Jack Ciattarelli was too vague. Saying "I'm going to lower taxes" or "I'm going to bring 'affordability" back to New Jersey did not resonate with voters. This was a complete departure with Ciattarelli's stump speech during his Republican Primary campaign.
Atlantic County Republican Assembly candidate Claire Swift was even worse. She "praised" Governor Murphy's fake property tax relief programs and described herself as a Republican "who can work with Democrats". She was inviting Democrats to vote for real Democrats and not giving Republicans a good reason to vote for her.
Mikey Sherrill's Election Night Victory Speech: She correctly pledged to support the Constitution. She quoted the New Jersey state motto, "Liberty and Prosperity." She or her staff almost certainly read our our website, libertyandprosperity.com. The problem is that America has not had much of a Constitution since 1942. That is when the U.S. Supreme Court stopped limiting the federal government to the powers "enumerated" in Article I, Section 8. Sherrill also misunderstood New Jersey's motto. She implied that government is to provide people with "liberty and prosperity". The true meaning of that motto is that government secures "liberty", that is the "unalienable rights" of each individual. Those individuals then are free to make their own choices to work, save, invest and produce to create prosperity!
Economic "Illiteracy" of Young Voters: Young people feel they have "no hope of succeeding" under the current economic system are "absolutely right." He blames:
Housing Unaffordability: Seth bought a house in Florida for $100,000 ten years ago now. Now that same house, just a starter row home is worth $400,000. How can a young family starting out afford that?
Underlying Causes: Seth attributes this inflation to high real estate taxes (funding public employees) and restrictive zoning laws that make building new homes difficult and expensive.
Atlantic City Takeover: There is no need for state government to be running Atlantic City. The only reason the state took over in 2016 was to force local taxpayers to pay off roughly $480 million of illegal debt run up by former Republican Governor Chris Christie. When Atlantic City lost 2/3 of its tax base in 2009 it was required by state law to cut spending and balance its budget. However, Christie was running for President and didn't want to cut wages or employees. And so allowed Atlantic City to illegally borrow more than $80 million a year for nearly six year. The casinos should pay their share of that debt through the Casino Reinvestment Development tax. Better to pay down the debt than to waste in on junk like empty baseball stadiums, train stations and convention halls!
Government Shutdown and Obamacare: The big issue of the federal government shut down is that Obama raised the cost of medical care for everybody. However, nobody cared because Democrats subsidized health care insurance for 2/3 of the people so only one third of Americans got clobbered with big increases. Now the subsidies are expiring and the other 2/3 are getting clobbered. But now, the 1/3 who already got clobbered don't care. The Democrats pulled off a classic "divide and conquer" strategy.
TRANSCRIPT:
SETH GROSSMAN: We don't have time to, cry too much about last week's election because the...
Mark as Played
Transcript
Episode Transcript
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(00:00):
Good morning, Seth. Welcome.
Good morning. And everything I have to say
is posted at our website libertyandprosperity.com,
where we talk about,
why
why things went wrong, and we really don't
have time
to,
cry too much about, you you know, this
week's election
(00:20):
because the Democrats are revved up, and they
are prepared,
to
remove,
Jeff Van Drew from office and take that
seat back for the Democrats.
We, get a Democratic majority in the house,
and the Senate and impeach Donald Trump again.
So, we only have a year to get
(00:42):
ready for that.
And, you know, we have to be honest
with each other as to what happened. And
by the way, liberty and prosperity
meets. And
if you look at our website, we raised
about 15
issues as to why Ciccarelli lost.
Everybody has an opinion, and I don't wanna
give my opinion until after we discuss it
(01:03):
at the breakfast meeting that we have, 09:30
to 10:30
at Sal's Coal Fired Pizza in Somers Point,
every Saturday morning.
One interesting thing though
is,
I know for a fact that,
Mikey Sherrill
is aware of liberty and prosperity
and has looked at our website.
(01:25):
And I don't know, did you watch her,
victory speech? No. I I Election night? I
couldn't take it. No. I couldn't. No. Well,
we have it posted on our website.
And the first thing that,
Mikey Schrell said after she, you know, thanked
her supporters
is she talked about how she took an
oath to support the constitution
(01:45):
and how important the constitution is.
And then she reminded
all of her supporters
that the motto of New Jersey has been
liberty and prosperity
since 1777.
So for almost two hundred and fifty years,
liberty and prosperity has been the motto of
New Jersey, and she wants to bring liberty
(02:05):
and prosperity
back to the state.
So if you didn't know anything else about
Mikey Sheryl,
yeah, she could have been speaking at a
liberty and prosperity meeting.
And I I find it interesting that she
could not have gotten the information she used
in her victory speech.
If her she or her supporters
haven't been to our libertyandprosperity.com
(02:26):
site during the last couple months.
And I know for a fact that they
have been
because we've been getting a lot of negative
comments from Democrats,
on our liberty and prosperity site.
And we we wouldn't get the comments if
we didn't have a lot of Democrats going
to our site. So it's a shame. I
wish we had more Republicans paying attention to
(02:47):
what we're posting,
but but that's what we need to do.
Now what happened on Tuesday?
Well, I I think you
you
said what a lot of people have been
saying, it was all about Trump.
And for the past
month, I think I've been saying that if
the election is about Trump,
Jack Ciattarelli is gonna get clobbered.
(03:09):
So if we wanna win votes for Jack
Ciattarelli,
we have to talk about stuff other than
Trump.
And,
we certainly did that.
But, you know, the Jack Ciattarelli campaign did
not. And we we go into that,
you know, a little bit later.
When you talked about,
Claire Swift,
(03:29):
that you were shocked that Claire Swift lost.
But what was the focus of of the
Claire Swift campaign?
When they had to debate between the,
the two Democratic assembly candidates and the two
Republican assembly candidates?
If you didn't know what the parties were,
you wouldn't know who was a Democrat and
who was a Republican.
(03:50):
You had,
Claire Swift was praising,
you know, that all those fake
tax abatement programs, you know, the anchor program
and the
the the the senior freeze act and this
act, which were nothing but fraud shell games
to raise taxes on some people to lower
taxes on other people.
(04:11):
And you had, you know, all four
Republican assembly candidates were
praising the Murphy
gimmick,
as if it were real tax relief.
And I think you had clear some of
the Claire Swift commercials were saying, you know,
vote for me because I will cross the
aisle and work with Democrats.
Well, if you're a Democrat and you wanna
(04:32):
get things done,
who would you vote for? A real Democrat
or a Republican who says she's gonna work
with the Democrats?
And if you're a Republican,
how can you be so enthusiastic
about a candidate who's telling you right up
front? You know, you vote for me and
I'm gonna work with Democrats.
So, there was an awful message out there,
and all that stuff is posted at our
(04:53):
libertyandprosperity.com
website.
Well,
I I still
I didn't even hear the candidate who who
beat her
until
she was on this show, and I didn't
even know who was running against her. So
Yeah. Goes to show you
(05:14):
what kind of campaign they ran. So,
I I don't know. Right. Well, anyway, among
some of the things that are posted, I
won't go into all the reasons why,
Trump is unpopular as he is, but you're
absolutely right.
Some of the polls show that
Trump has a 39%
approval rating who like what he's doing and
(05:35):
61%
against.
You know, some say that Trump is at
42%
approval
and, if 55%
against.
But whatever,
you know, poll you use, you have to
admit that he is very, very unpopular and
that puts every Republican
in a bind.
Because
if you
(05:55):
start criticizing Trump, you know, you have about
35%
of Republicans who will not vote for anyone
who criticizes Trump in any way.
And you have about, you know, 58 to
60% of voters,
will vote against any candidate that seems to
be with Donald Trump. So it's it's something
that we somehow have to,
(06:17):
get rid of or or or get out
of the,
our our system. Now the the other thing
that we we talk about is that, in
in
Jack Chedarelli's campaign,
when you were watching his
commercials,
he never said
that, you know, this is
a problem that Murphy caused,
(06:37):
and this is how I'm gonna fix it
on day one. And this is,
and my opponent, Mikey Sherrill, agreed with Murphy.
You know, he never got specific. He just
said, well, I'm gonna give you lower taxes.
I'm gonna make things more affordable. I'm gonna
bring electric rates down. But he didn't specifically
say
what he would do
(06:57):
to make that happen and why Mikey Sherrill
would not make that happen.
And one thing I learned is, you know,
being a trial lawyer,
they tell us in the seminars all all
the time,
never expect the jury to say
what you, the lawyer, are not willing to
say.
So if if Ciattarelli was unwilling to say,
(07:20):
this is what I'm going to do, and
this is my why my opponent will not
do it, and this is what caused the
problem, this is how we fix the problem.
You know, the voters are not gonna conclude
what the candidate is not willing to say,
which is really a darn shame because on
our website, we posted
what Jack Chederilli was saying
during the primary
(07:41):
when he was running against,
Bill Spadia.
You know, in every stump speech, every commercial,
Jack Cederally said, on day one, I'm gonna
do this, and this is why I'm gonna
do it. And my opponent's not gonna do
it, and this is why you gotta vote
for me. He said that in every stump
speech during the primary,
but as soon as he was running against
the Democrat,
(08:03):
he stopped saying it. And it it was
astonishing.
Oh, boy. I didn't realize that. You know?
It just
yeah. It's it's something. So so that's going
on.
Meanwhile, some other issues, you know, that we
have going on,
the Atlantic City takeover, we have,
(08:23):
Republican senator Vince Polestino wants to have the
Atlantic City takeover for
ten more years.
And as we pointed out last week, and
what we have in the website, the only
reason Atlantic City, was taken over in the
first place
had nothing to do with,
mismanagement or Atlantic City not being able to
run,
its government. It's everything about Chris Christie
(08:47):
mismanaging the town for six years and running
up an illegal 80,000
or rather $80,000,000
deficit
during each of those, years and putting Atlantic
City $480,000,000
in debt.
And the only purpose of the state takeover
was so that,
Atlantic City, government officials would hire lawyers to
(09:07):
say, wait a minute. Why should Atlantic City
taxpayers have to pay off that debt? The
state illegally did the debt, let them pay
it, and that was the reason for the
state takeover.
But now you take it at another level.
You have Vince Palastina
as saying, well, no. No. No. We don't
want that money to pay this because right
now you have something called the casino reinvestment
(09:28):
fund,
which works, very much like the the old
Bugsy Siegel skim.
You know, when the mob ran Las Vegas,
they would take, you know, 2% of the
winnings of the casinos. They stick they take
the cash and and then handed out to
all their mafia friends.
That's basically what the, the casino reinvestment tax
is all about.
(09:49):
Right now, most of the money from that
tax
is paying back the illegal debt that Christie
piled up for six years.
But, now, Vince Polestino wants to use that
money for, quote, redevelopment.
And if you have a look at what
that money was used for for redevelopment before,
what was it used for? A baseball stadium,
(10:11):
An empty boardwalk hall?
An empty convention hall? We used to have
a mostly empty boardwalk convention hall. Now we
have two almost empty convention halls
and a train station that nobody uses. So
what brilliant projects,
are we gonna use other people's money to
pay for?
So we have that going on.
(10:33):
We have the,
you know, the whole issue with the, you
know, the government shutdown.
And and what's it all over? It's over
the Obamacare
subsidies.
And this is something that has been going
on
for, like, twelve years.
And and it was a classic divide and
conquer.
Anyone who's self employed like myself
(10:56):
knows that,
when Obamacare
went in, we got clobbered.
Our our insurance,
you know, basically doubled,
tripled. You know, for some people had to
go up three times,
and we were hurting.
But,
the Democrats kept getting elected because they used
the government.
What what they basically did is,
(11:17):
they forced young people who didn't need expensive
insurance
to buy super expensive insurance
that, they didn't need and they couldn't afford.
So to get their votes,
Obamacare,
basically subsidized
and paid the premium for all these young
people to pay for this overpriced insurance,
(11:38):
which was basically used to insure illegal immigrants,
by the way.
And so the young people kept voting Democrat
because they didn't know
how expensive this insurance was because it was
being covered by all these subsidies,
which expired three weeks ago.
Now,
you know, this is not a crisis that
happened three weeks ago. It was a crisis
(12:00):
that everybody knew was coming.
But did the Republicans
prepare and say, you know, Obamacare is overpriced,
it's bloated, it can't work. I mean, anybody
who who gets a dent on their car
and they go go into the shop
and they say, well, how much would it
cost you to fix this dent?
(12:20):
The first thing the body shop guy is
gonna say, well, do you have insurance?
And if you say, well, no, I don't
have insurance.
The body shop guy will say, okay, that'll
be like $250
or $300 and you get it done.
If you say I have insurance,
the body shop guy is gonna say, well,
that'll be about $4,000,
but don't worry. Your insurance company will pay
(12:41):
for the whole thing. And by the way,
I could do this for you and that
for you and all these other things.
Whenever you get a third party involved,
whenever you have something being paid for with
somebody else's money, and you don't know don't
care how much it costs,
it's gonna be wasteful and a whole lot
more expensive, and that's all this Obamacare is
is talking about.
(13:01):
But, of course, nobody's talking about any of
that. All you're they're talking about is that
young people,
if if, they don't get the subsidies to
to continue,
they're gonna be forced to pay,
you know, $1,518,000
dollars a year for insurance that they don't
want and they don't need, and it's way
overpriced.
So, so so there's no planning here, and
(13:22):
and we have to deal with that.
Boy, you got you got enough to talk
about today,
Yeah. We do. But but but mostly we're
gonna be talking about,
you know, what went wrong and and and
what could could could fix it. And it's
it's it's a real problem too because one
thing about Trump,
you know, Trump is unpopular,
(13:43):
but Trump has that kind of personality
that he will never admit
that anything he said or did,
is causing him to be unpopular.
And and nobody could even tell him
anything that he would disagree with, and they'll
get fired.
So, so Trump is gonna be Trump.
And what we really have to do is
(14:03):
figure out how if Trump is gonna be
Trump,
what can Republicans
do
to establish a program that could get them
elected?
And,
and then,
with without, you know, criticizing or or hurting
Trump, but to show that you're your own
person and that you can get elected.
So so those are the issues. And and
(14:25):
by the way, another big issue,
why the young people have turned against Trump
and the reason the young people have turned,
against Democrats
is basically economic
illiteracy.
Most young people today
believe they have no hope of succeeding in
life
under our current economic system.
(14:47):
And they're absolutely right. When we boomers went
to school, we had one parent was able
to support a household.
We went to college
and we paid for a year of college
with a year of working
during the summer.
College has gotten way expensive.
These kids
build up this debt, and they're still paying
(15:08):
student loans when they're in their forties and
fifties.
It's outrageous. And I could give you a
personal example
of how we have made life unaffordable for
young people.
Ten years ago,
I did somebody a favor in Florida.
They want they they were losing their home,
and I agreed to to buy their home,
(15:29):
a little row house in a in a
working class neighborhood. I agreed to to to
buy their home and let them stay on
as tenants.
And I did, and they were very grateful.
And I still own a house that row
house there, and I still rent out the
property.
I bought that property for a $100,000,
a townhouse in a working class neighborhood.
(15:49):
I looked up the thing,
the appraisal today. It's now worth $400,000
How can you justify
a house that was a $100,000
in a working class neighborhood
ten years ago is now worth $400,000
How could a young family
possibly afford something like that?
(16:11):
Now if we would,
have economic literacy,
we would know that the reason that the
house prices are so high
are because,
real estate taxes are too high and that
real estate tax are too high because we're
paying too much money
for all these public employees in the school
system. We go on and on about the
spending.
(16:31):
And we also have these zoning laws
that make it almost impossible to build anything
anywhere
unless you spend a fortune on lawyers and
planners and politicians and campaign donations
and lobbying for these neighborhood groups. In other
words, just to build a house, you have
to go through all the trouble
that, Eustace Meeta had to do to build
(16:53):
a hotel on the boardwalk, which he ended
up not getting permits anyway.
So all that stuff is driving up the
cost of housing,
and, but the young people know don't know
that.
So we need more freedom.
We need less regulation. We need less government.
We need to bring government
politicians and salaries under control.
But the young people don't see it that
(17:14):
way. They say, oh, no. No. We have
to get it from the millionaires and billionaires.
And we we need more government control and
more government power to help us. So they
got it backwards.
But somehow, we have to deal with that.
Anyway,
we'll be talking about this, a lot at
libertyandprosperity.com,
and I invite our folks to go to
the website and to our breakfast that we
have every Saturday morning in Somers Point.
(17:36):
Thank you very much, Seth. Seth Grossman, Liberty
and Prosperity, and the website libertyandprosperity.com.
Good morning, Seth. Welcome.
Good morning. And everything I have to say
is posted at our website libertyandprosperity.com,
where we talk about,
why
why things went wrong, and we really don't
have time
to,
cry too much about, you you know, this
week's election
(00:20):
because the Democrats are revved up, and they
are prepared,
to
remove,
Jeff Van Drew from office and take that
seat back for the Democrats.
We, get a Democratic majority in the house,
and the Senate and impeach Donald Trump again.
So, we only have a year to get
(00:42):
ready for that.
And, you know, we have to be honest
with each other as to what happened. And
by the way, liberty and prosperity
meets. And
if you look at our website, we raised
about 15
issues as to why Ciccarelli lost.
Everybody has an opinion, and I don't wanna
give my opinion until after we discuss it
(01:03):
at the breakfast meeting that we have, 09:30
to 10:30
at Sal's Coal Fired Pizza in Somers Point,
every Saturday morning.
One interesting thing though
is,
I know for a fact that,
Mikey Sherrill
is aware of liberty and prosperity
and has looked at our website.
(01:25):
And I don't know, did you watch her,
victory speech? No. I I Election night? I
couldn't take it. No. I couldn't. No. Well,
we have it posted on our website.
And the first thing that,
Mikey Schrell said after she, you know, thanked
her supporters
is she talked about how she took an
oath to support the constitution
(01:45):
and how important the constitution is.
And then she reminded
all of her supporters
that the motto of New Jersey has been
liberty and prosperity
since 1777.
So for almost two hundred and fifty years,
liberty and prosperity has been the motto of
New Jersey, and she wants to bring liberty
(02:05):
and prosperity
back to the state.
So if you didn't know anything else about
Mikey Sheryl,
yeah, she could have been speaking at a
liberty and prosperity meeting.
And I I find it interesting that she
could not have gotten the information she used
in her victory speech.
If her she or her supporters
haven't been to our libertyandprosperity.com
(02:26):
site during the last couple months.
And I know for a fact that they
have been
because we've been getting a lot of negative
comments from Democrats,
on our liberty and prosperity site.
And we we wouldn't get the comments if
we didn't have a lot of Democrats going
to our site. So it's a shame. I
wish we had more Republicans paying attention to
(02:47):
what we're posting,
but but that's what we need to do.
Now what happened on Tuesday?
Well, I I think you
you
said what a lot of people have been
saying, it was all about Trump.
And for the past
month, I think I've been saying that if
the election is about Trump,
Jack Ciattarelli is gonna get clobbered.
(03:09):
So if we wanna win votes for Jack
Ciattarelli,
we have to talk about stuff other than
Trump.
And,
we certainly did that.
But, you know, the Jack Ciattarelli campaign did
not. And we we go into that,
you know, a little bit later.
When you talked about,
Claire Swift,
(03:29):
that you were shocked that Claire Swift lost.
But what was the focus of of the
Claire Swift campaign?
When they had to debate between the,
the two Democratic assembly candidates and the two
Republican assembly candidates?
If you didn't know what the parties were,
you wouldn't know who was a Democrat and
who was a Republican.
(03:50):
You had,
Claire Swift was praising,
you know, that all those fake
tax abatement programs, you know, the anchor program
and the
the the the senior freeze act and this
act, which were nothing but fraud shell games
to raise taxes on some people to lower
taxes on other people.
(04:11):
And you had, you know, all four
Republican assembly candidates were
praising the Murphy
gimmick,
as if it were real tax relief.
And I think you had clear some of
the Claire Swift commercials were saying, you know,
vote for me because I will cross the
aisle and work with Democrats.
Well, if you're a Democrat and you wanna
(04:32):
get things done,
who would you vote for? A real Democrat
or a Republican who says she's gonna work
with the Democrats?
And if you're a Republican,
how can you be so enthusiastic
about a candidate who's telling you right up
front? You know, you vote for me and
I'm gonna work with Democrats.
So, there was an awful message out there,
and all that stuff is posted at our
(04:53):
libertyandprosperity.com
website.
Well,
I I still
I didn't even hear the candidate who who
beat her
until
she was on this show, and I didn't
even know who was running against her. So
Yeah. Goes to show you
(05:14):
what kind of campaign they ran. So,
I I don't know. Right. Well, anyway, among
some of the things that are posted, I
won't go into all the reasons why,
Trump is unpopular as he is, but you're
absolutely right.
Some of the polls show that
Trump has a 39%
approval rating who like what he's doing and
(05:35):
61%
against.
You know, some say that Trump is at
42%
approval
and, if 55%
against.
But whatever,
you know, poll you use, you have to
admit that he is very, very unpopular and
that puts every Republican
in a bind.
Because
if you
(05:55):
start criticizing Trump, you know, you have about
35%
of Republicans who will not vote for anyone
who criticizes Trump in any way.
And you have about, you know, 58 to
60% of voters,
will vote against any candidate that seems to
be with Donald Trump. So it's it's something
that we somehow have to,
(06:17):
get rid of or or or get out
of the,
our our system. Now the the other thing
that we we talk about is that, in
in
Jack Chedarelli's campaign,
when you were watching his
commercials,
he never said
that, you know, this is
a problem that Murphy caused,
(06:37):
and this is how I'm gonna fix it
on day one. And this is,
and my opponent, Mikey Sherrill, agreed with Murphy.
You know, he never got specific. He just
said, well, I'm gonna give you lower taxes.
I'm gonna make things more affordable. I'm gonna
bring electric rates down. But he didn't specifically
say
what he would do
(06:57):
to make that happen and why Mikey Sherrill
would not make that happen.
And one thing I learned is, you know,
being a trial lawyer,
they tell us in the seminars all all
the time,
never expect the jury to say
what you, the lawyer, are not willing to
say.
So if if Ciattarelli was unwilling to say,
(07:20):
this is what I'm going to do, and
this is my why my opponent will not
do it, and this is what caused the
problem, this is how we fix the problem.
You know, the voters are not gonna conclude
what the candidate is not willing to say,
which is really a darn shame because on
our website, we posted
what Jack Chederilli was saying
during the primary
(07:41):
when he was running against,
Bill Spadia.
You know, in every stump speech, every commercial,
Jack Cederally said, on day one, I'm gonna
do this, and this is why I'm gonna
do it. And my opponent's not gonna do
it, and this is why you gotta vote
for me. He said that in every stump
speech during the primary,
but as soon as he was running against
the Democrat,
(08:03):
he stopped saying it. And it it was
astonishing.
Oh, boy. I didn't realize that. You know?
It just
yeah. It's it's something. So so that's going
on.
Meanwhile, some other issues, you know, that we
have going on,
the Atlantic City takeover, we have,
(08:23):
Republican senator Vince Polestino wants to have the
Atlantic City takeover for
ten more years.
And as we pointed out last week, and
what we have in the website, the only
reason Atlantic City, was taken over in the
first place
had nothing to do with,
mismanagement or Atlantic City not being able to
run,
its government. It's everything about Chris Christie
(08:47):
mismanaging the town for six years and running
up an illegal 80,000
or rather $80,000,000
deficit
during each of those, years and putting Atlantic
City $480,000,000
in debt.
And the only purpose of the state takeover
was so that,
Atlantic City, government officials would hire lawyers to
(09:07):
say, wait a minute. Why should Atlantic City
taxpayers have to pay off that debt? The
state illegally did the debt, let them pay
it, and that was the reason for the
state takeover.
But now you take it at another level.
You have Vince Palastina
as saying, well, no. No. No. We don't
want that money to pay this because right
now you have something called the casino reinvestment
(09:28):
fund,
which works, very much like the the old
Bugsy Siegel skim.
You know, when the mob ran Las Vegas,
they would take, you know, 2% of the
winnings of the casinos. They stick they take
the cash and and then handed out to
all their mafia friends.
That's basically what the, the casino reinvestment tax
is all about.
(09:49):
Right now, most of the money from that
tax
is paying back the illegal debt that Christie
piled up for six years.
But, now, Vince Polestino wants to use that
money for, quote, redevelopment.
And if you have a look at what
that money was used for for redevelopment before,
what was it used for? A baseball stadium,
(10:11):
An empty boardwalk hall?
An empty convention hall? We used to have
a mostly empty boardwalk convention hall. Now we
have two almost empty convention halls
and a train station that nobody uses. So
what brilliant projects,
are we gonna use other people's money to
pay for?
So we have that going on.
(10:33):
We have the,
you know, the whole issue with the, you
know, the government shutdown.
And and what's it all over? It's over
the Obamacare
subsidies.
And this is something that has been going
on
for, like, twelve years.
And and it was a classic divide and
conquer.
Anyone who's self employed like myself
(10:56):
knows that,
when Obamacare
went in, we got clobbered.
Our our insurance,
you know, basically doubled,
tripled. You know, for some people had to
go up three times,
and we were hurting.
But,
the Democrats kept getting elected because they used
the government.
What what they basically did is,
(11:17):
they forced young people who didn't need expensive
insurance
to buy super expensive insurance
that, they didn't need and they couldn't afford.
So to get their votes,
Obamacare,
basically subsidized
and paid the premium for all these young
people to pay for this overpriced insurance,
(11:38):
which was basically used to insure illegal immigrants,
by the way.
And so the young people kept voting Democrat
because they didn't know
how expensive this insurance was because it was
being covered by all these subsidies,
which expired three weeks ago.
Now,
you know, this is not a crisis that
happened three weeks ago. It was a crisis
(12:00):
that everybody knew was coming.
But did the Republicans
prepare and say, you know, Obamacare is overpriced,
it's bloated, it can't work. I mean, anybody
who who gets a dent on their car
and they go go into the shop
and they say, well, how much would it
cost you to fix this dent?
(12:20):
The first thing the body shop guy is
gonna say, well, do you have insurance?
And if you say, well, no, I don't
have insurance.
The body shop guy will say, okay, that'll
be like $250
or $300 and you get it done.
If you say I have insurance,
the body shop guy is gonna say, well,
that'll be about $4,000,
but don't worry. Your insurance company will pay
(12:41):
for the whole thing. And by the way,
I could do this for you and that
for you and all these other things.
Whenever you get a third party involved,
whenever you have something being paid for with
somebody else's money, and you don't know don't
care how much it costs,
it's gonna be wasteful and a whole lot
more expensive, and that's all this Obamacare is
is talking about.
(13:01):
But, of course, nobody's talking about any of
that. All you're they're talking about is that
young people,
if if, they don't get the subsidies to
to continue,
they're gonna be forced to pay,
you know, $1,518,000
dollars a year for insurance that they don't
want and they don't need, and it's way
overpriced.
So, so so there's no planning here, and
(13:22):
and we have to deal with that.
Boy, you got you got enough to talk
about today,
Yeah. We do. But but but mostly we're
gonna be talking about,
you know, what went wrong and and and
what could could could fix it. And it's
it's it's a real problem too because one
thing about Trump,
you know, Trump is unpopular,
(13:43):
but Trump has that kind of personality
that he will never admit
that anything he said or did,
is causing him to be unpopular.
And and nobody could even tell him
anything that he would disagree with, and they'll
get fired.
So, so Trump is gonna be Trump.
And what we really have to do is
(14:03):
figure out how if Trump is gonna be
Trump,
what can Republicans
do
to establish a program that could get them
elected?
And,
and then,
with without, you know, criticizing or or hurting
Trump, but to show that you're your own
person and that you can get elected.
So so those are the issues. And and
(14:25):
by the way, another big issue,
why the young people have turned against Trump
and the reason the young people have turned,
against Democrats
is basically economic
illiteracy.
Most young people today
believe they have no hope of succeeding in
life
under our current economic system.
(14:47):
And they're absolutely right. When we boomers went
to school, we had one parent was able
to support a household.
We went to college
and we paid for a year of college
with a year of working
during the summer.
College has gotten way expensive.
These kids
build up this debt, and they're still paying
(15:08):
student loans when they're in their forties and
fifties.
It's outrageous. And I could give you a
personal example
of how we have made life unaffordable for
young people.
Ten years ago,
I did somebody a favor in Florida.
They want they they were losing their home,
and I agreed to to buy their home,
(15:29):
a little row house in a in a
working class neighborhood. I agreed to to to
buy their home and let them stay on
as tenants.
And I did, and they were very grateful.
And I still own a house that row
house there, and I still rent out the
property.
I bought that property for a $100,000,
a townhouse in a working class neighborhood.
(15:49):
I looked up the thing,
the appraisal today. It's now worth $400,000
How can you justify
a house that was a $100,000
in a working class neighborhood
ten years ago is now worth $400,000
How could a young family
possibly afford something like that?
(16:11):
Now if we would,
have economic literacy,
we would know that the reason that the
house prices are so high
are because,
real estate taxes are too high and that
real estate tax are too high because we're
paying too much money
for all these public employees in the school
system. We go on and on about the
spending.
(16:31):
And we also have these zoning laws
that make it almost impossible to build anything
anywhere
unless you spend a fortune on lawyers and
planners and politicians and campaign donations
and lobbying for these neighborhood groups. In other
words, just to build a house, you have
to go through all the trouble
that, Eustace Meeta had to do to build
(16:53):
a hotel on the boardwalk, which he ended
up not getting permits anyway.
So all that stuff is driving up the
cost of housing,
and, but the young people know don't know
that.
So we need more freedom.
We need less regulation. We need less government.
We need to bring government
politicians and salaries under control.
But the young people don't see it that
(17:14):
way. They say, oh, no. No. We have
to get it from the millionaires and billionaires.
And we we need more government control and
more government power to help us. So they
got it backwards.
But somehow, we have to deal with that.
Anyway,
we'll be talking about this, a lot at
libertyandprosperity.com,
and I invite our folks to go to
the website and to our breakfast that we
have every Saturday morning in Somers Point.
(17:36):
Thank you very much, Seth. Seth Grossman, Liberty
and Prosperity, and the website libertyandprosperity.com.
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