Episode 182: The Great Economic Reset or Pending Doom! We Are About To Find Out.

🔍 In This Episode:

💥 Trump’s Full Economic Playbook Revealed

• Tariffs are only the beginning. Trump’s strategy involves DOGE, interest rate cuts, tax cuts, and slashing government spending.
• Mark dives into how all of these factors are connected and why Trump is betting it all on rebuilding the economy from the ground up.
• If this plan fails, it could trigger economic calamity—but if it works, it could reshape the American economy in a positive way for generations.

⚠️ What Could Go Wrong?

• Every major economic strategy comes with risk. We explore the potential pitfalls if the administration miscalculates the market’s reaction or global response.
• Can the U.S. actually bring manufacturing home—and if we do, will it succeed long-term? COVID proved we need it, but it’s not a guaranteed win.

🕵️‍♀️ Albuquerque Mayor’s Office Under Investigation?

• Krysty unpacks a recent Albuquerque Journal report about a quiet investigation involving the Mayor’s office—and why City Hall might be keeping it under wraps.
• Who’s asking questions, and who’s trying to avoid them? Transparency matters, and we’re shining a light on this developing story.

Website: https://www.nodoubtaboutitpodcast.com/
Twitter: @nodoubtpodcast
Facebook: https://www.facebook.com/NoDoubtAboutItPod/
Instagram: https://www.instagram.com/markronchettinm/?igshid=NTc4MTIwNjQ2YQ%3D%3D

Episode Transcript

Speaker 1 (00:02):
You and I are told increasingly we have to choose
between a left or right.
Well, I'd like to suggest thereis no such thing as a left or
right.
There's only an up or down.

Speaker 2 (00:12):
This is the no Doubt About it.
Podcast.
No doubt about it Now yourhosts, christy and Mark Runcany,
okay.

Speaker 3 (00:27):
Okay.

Speaker 4 (00:27):
Okay, so I may have tricked you into taking a
supplement right before we goton.
Today I'm taking this thingcalled methylene blue.
All right, and I'm really newat taking it.
I've had some health concernslast about a year or so, and the
medication they want to give meI don't want to take it, so
this is one of the recommendedalternatives.
However, it does turn yourteeth and tongue potentially

(00:51):
blue Right.
I gave it to Mark right beforethe show, making him take it.

Speaker 3 (00:55):
Well, I'm not going to lie, I'm pretty lightheaded
right now.

Speaker 4 (00:58):
Oh, no.
So if you go down for the count, it's not my fault count.

Speaker 3 (01:01):
Is that one of the side effects of this?

Speaker 4 (01:03):
stuff.
Okay, Some of the side effectsthat they say are like it really
can clear up your senses reallyfast.

Speaker 3 (01:08):
Yeah, I can see through walls.

Speaker 4 (01:10):
Like your nasal passages apparently is one of
the things that, like you, youwill.

Speaker 3 (01:15):
I smell a coyote about a mile away.

Speaker 4 (01:17):
You'll be able to see through walls apparently.

Speaker 3 (01:20):
No.

Speaker 4 (01:21):
I don't know.
I don't know all the details,but I've studied it for about
four or five months before Istarted taking it and you wanted
to try it.
I'm not forcing it on you.

Speaker 3 (01:29):
No, no, true, I don't even.

Speaker 4 (01:30):
I don't know what the situation is there's supposed
to be a lot of.
It's been around since the1800s.

Speaker 3 (01:34):
All I know is I'm just like.
It's like I had a couple ofbeers, fired them down.
Well, it don't know that I feelhyper alert Really.
Yeah, okay.
Well, I feel like a couple redbulls deep right now on an empty
stomach.

Speaker 4 (01:52):
Well, I fed you breakfast.

Speaker 3 (01:53):
Yeah, I know I don't have an empty stomach.

Speaker 4 (01:55):
I get it, but uh you do have blue teeth that match
your blue shirt, though You'rewelcome everybody, well, thank
you so much, Uh, okay.

Speaker 3 (02:01):
So I don't know that what I'm going to say is going
to make sense at all.
I'll give you a quick previewof what's ahead on the show.
Don't know if I'm going to makeit to the end of the show quite
frankly, this is gettingdramatic.
Now We'll see what happens here, Listen.

Speaker 4 (02:11):
I'm trying to figure out dosage.
All right, people.

Speaker 3 (02:13):
Apparently you're testing it on me.
I'm like a lab rat over here,an actual doctor out there that
knows what we should take formethylene blue blues unreal.
And you're like it has noflavor.

Speaker 4 (02:28):
I'm like, yeah, it's pretty nasty best I can tell
please all that pre-workoutstuff that you drink.

Speaker 3 (02:31):
That stuff tastes terrible man, my pre-workout
stuff's pretty mild, thoughactually I'm gonna take this
does not have that much.

Speaker 4 (02:36):
It's just blue, it's like a, it's like an easter egg
dye.
Basically, no, it is yeah.
No, we could dye our eastereggs nothing cooler than like
super deep blue.

Speaker 3 (02:44):
Easter eggs are, as always, my favorite as a kid.
I'd leave the.
Easter egg in the deep blue dye.
It was always awesome.
Okay, so a couple of differentthings.
Um, we're going to talk aboutsome of the interesting goings
on at the hands-off marches herein New Mexico.

Speaker 4 (02:57):
Hands off, everybody Hands off.
Hands off what I'm not, stillhands off government corruption.
Hands off.

Speaker 3 (03:03):
Okay, hands off, let us spend what we want.
Keep your mouth shut.

Speaker 4 (03:05):
Keep your mouth shut.

Speaker 3 (03:06):
Keep the gravy train rolling.

Speaker 4 (03:07):
That's right.
Okay, got it.
Keep the griff going everybody.
Okay, keep it going.

Speaker 3 (03:10):
So we'll talk about that.
We're also going to dive in.
Look the economy and what'sgoing to happen to the tariffs.
Where is Trump going with this?
We talked about it on the lastepisode.
There are some platforms thatdefinitely didn't allow us to

(03:32):
advertise the episode the way wewanted to.
So if you can go back and checkout that last episode, you can
do that, but we're going to haveeven a more comprehensive
episode today.
That, I think, is important toeverybody.
If you care about the economy,which everybody does in
understanding what is at playhere is fascinating and we'll do

(03:52):
that.

Speaker 4 (03:53):
Yeah, and let me just make a little, a little
production note on that Becauseof the platforms.
One platform in particularpushes our content down when
they don't either agree with it.
We're not even sure what thedeal is.

Speaker 3 (04:06):
Yeah, I don't know that they don't.
I don't even get it.

Speaker 4 (04:08):
We don't get it.
We don't get that, but thisdefinitely was trim back.
Yeah, this was throttled.
So if you want to make surethat you get all of our episodes
, two things you could do.
You could subscribe to ourYouTube channel, make sure you
hit subscribe and additionally,go to our website, which is
NoDoubtAboutItPodcastcom, andjust sign up for our email.
We do not spam you.
I don't have any control overthat email database, by the way.

(04:30):
So once you sign up, you haveto remove yourself if you don't
want to get the emails anymore.
But we only send an email forour show and it's got a direct
link in it for you to watch theshow in all different kinds of
ways.
So if you want to stay up todate on when our shows come out
and you don't want to have tothink about it and sometimes
shows get throttled down and youdon't hear about it for a few
days and you're wondering wherewe've gone, we haven't gone

(04:52):
anywhere get that email andyou'll have direct access to it,
and we send those out the daythe show goes out.
So or the day after one or theother, yeah.

Speaker 3 (05:00):
Yeah, so just something to know there.
But we're going to get into anincredible thread that was on X
that usually we don't go intothis kind of depth, but I think
it's really important.
Then we're going to listen towhat Scott Besson said about
what's happening he's TreasurySecretary, right, and what he
said about what's going on hereand I just think it's really
interesting.
And then some other informationon that and what you need to

(05:23):
know about the bigger picturehere and why.
Who knows what's going tohappen with this.
And there's a lot of risk forTrump in this, a lot Like he is
putting his whole administrationon the line.
We talked about that lastepisode.
But to see what has to happenhere and the different things
that have to fall into place,you will be amazed by what this
gambit is.
And it is a gambit on his part.

(05:43):
And can he pull it off?
We don't have any idea andwe're not here to tell you that
he can or he can't, because if Isit here and try to tell you
that I'm an economist, you knowthat's garbage.
I'm not right.
I'm an, I'm an ist, but not aneconomist.
So so obviously we're going togive you as much information as
we can.
We're walking through this,like you are, as your average
citizens, trying to figure outwhat's going on, and so that's

(06:04):
why we're going to give you asmuch detail as we possibly can
on this whole deal, and it is indepth.
We'll go through it here, but Ithink you'll like it.
You'll like what Besson has tosay too, because it's really
really interesting here, and Ijust think he presents things in
a way that makes sense.
The logic makes sense.
Now, will it play out the waythe White House wants it to and

(06:25):
the way, if you're a normalAmerican, you want it to?
I don't know Right, and sothere's a very real opportunity.
It doesn't?
There maybe have to be someadjustments.
We'll talk about that sort ofstuff.
We'll talk about what's goingon.
There's some polling out thatshows two totally different
outcomes out there.
Some polls say thisannouncement that Trump made on
the terrace actually has boostedhis standing, and some say that

(06:46):
it is not interesting.
Yeah, and, by the way,criticism on this coming from
both sides.
You're getting a lot of peopleon the left, obviously, who
don't like it because it's Trump, and then, on the right, people
like Ben Shapiro melting downover this, and Ben Shapiro is a
smart guy, but you know he'sreally concerned about it.

Speaker 4 (07:03):
I feel like people that are melting down quote
melting down that are, you know,usually a conservative sort.
I think they're melting downbecause that stock market has
been tanking, you know, and thatis a concern for folks that
either are close to retirement,have retired or just follow
their stock markets like everysingle day, yeah, I get it, but
I mean a day or two of the stock.

Speaker 3 (07:23):
Now, believe me, we could get to Monday tomorrow.
We could get to Monday andthere could be a total meltdown,
like there's one person sayingthere's gonna be a total
meltdown, yeah.
If something doesn't, so we'lltalk about that too, but I want
to start with this.

Speaker 4 (07:33):
And we also have some local and a story that's been
broken about.
Basically a report that's beinghidden from citizens or it

(07:55):
appears to be being hidden fromcitizens.
That could shed some light onwaste and fraud on our just here
in the city of Albuquerque andwhat some people are doing to
try to cast light on that andmake sure that report gets out
to the public.
So we're going to talk a littlebit about that as well.
So let's dive in though.
Let's get into some of thesecomments.

Speaker 3 (08:08):
Well, yeah, the first one, we so.
We've had a clip on Instagram.
Uh, take off a little bit.
I've been getting a lot ofpeople kind of jumping back at
me on it and I want to play justa little bit of this clip from
Instagram.
And then I want to explainsomething here and what I think
is going on.
This is a clip about what'sgoing on with the tariffs in
Japan, okay, and this is just alittle portion of that clip.

(08:29):
Toyota sells a million cars inthe United States with virtually
no tariff barrier.
Go to Japan, try to buy anAmerican car.
You can't, you can't, theydon't allow it, right.
And so it's like well, wait aminute, what are we doing?
You don't have a right to thismarket, you don't have a right
to just shred us, and so, as acountry, it's happened time

(08:52):
after time.
Now the question is, when youreorient things like this and
you go to Japan and you say, hey, ok, you know what.
You're going to have to pay 25%tariffs, or, in Japan's case,
my guess is you're going to seemore factories built in this
country from Toyota, okay,that's what you're going to see.
That's part of what I wastalking about.
Number one a few things here.
First of all, a lot of whatJapan does is not a straight

(09:13):
tariff.
Okay, there are a lot ofbarriers to the entry of our
goods in Japan that have nothingto do with tariffs, okay, so so
that's number one.
Number two one of the bigcomments from people was well,
japanese don't want to buy ourcars because, because we make
junk cars, and I just could notdisagree with that more.
And everybody talks aboutJapanese cars, or, you know,
toyota makes an incredible car.

(09:34):
By the way, as someone who ownstwo Toyota cars right now and
is owned, probably five in thelast 10 years, probably five in
the last 10 years, okay, I'msorry, but Toyota, okay, you,
literally, if you hop in a Tahoe, a Chevy Tahoe, and you drive
around for a day and then youhop in a Toyota 4Runner, it is a

(09:56):
different world and not in agood way for the Toyota 4Runner,
I mean.
And again, and when you in someof the other comments, we're
all well, you know they maketheir cars here too, both
Toyotas that we've ordered inthe past three years had to be
made in Japan before they camehere.
Okay, your car right now is aToyota.
You hit the gas on your car,which is a land cruiser, and the

(10:18):
car looks at you and is likewhat, right?
And then, and then you go.
I had a forerunner drivingaround in a tin box.
Ava currently drives a Toyotawhich regularly needs work.
This whole thought process thatyou get a Toyota and you change
the, you change the oil and thatsucker's good for 300,000 miles

(10:38):
Garbage Not true, okay, it'snot true.
And the Toyota of 10 years agois not the Toyota of today true,
okay, it's not true.
And the Toyota of 10 years agois not the Toyota of today.
The land cruiser of 10 yearsago is not the land cruiser of
today.
America makes some great cars.
Now, whether they choose todrive them or not in Japan is
their choice, right.
But the thought process that weshould not have any sort of

(11:00):
ability to be able to say look,access to the number one market
in the world comes with a price.
Okay, I don't think there'sanything necessarily wrong with
that.
Now, that price may be zero onboth sides.
That absolutely could be thecase, and that's what I think a
lot of people want.
I understand that argument.
All I'm saying is America doesmake a good quality car and if
you actually drive Toyotasversus, say, a Chevy.

(11:22):
I'm sorry, but if you driveSUVs, america makes a better SUV
than Toyota does, gm makes abetter SUV, ford makes a better
SUV than Toyota does.
Truck isn't even close.
Don't come to me with thisTacoma garbage.
And don't come to me with,especially the other, the bigger
version, right, and it's notthe Tacoma, it's the uh, it's

(11:44):
the Toyota Tundra which is theengine on.
That is garbage.
I mean, I'm sorry.
So this whole thing.
I was reading the comments.
I usually don't read thecomments.

Speaker 4 (11:54):
No, you don't.

Speaker 3 (11:55):
And I dove into the comments on this.
It's like wait a minute.
I'm not saying that theJapanese should buy as many cars
as we buy from them.
I totally get that.
They're not going to and plus,they don't need big SUVs like we
do.
It's a different country.
We're a much bigger country,much further distances,

(12:15):
everything else a milliondifferent things.
However, access to this marketdoes need to be paid for by some
degree, and that helps theAmerican worker and bringing
more factories here andeverything else that I agree
with.
Now, will all this work?
Is it the right thing to do?
I don't know, we don't.
We don't try to pretend we knowthat, but I just wanted to say
that real quick, and then I'llmove on.

Speaker 4 (12:26):
We're not letting you on our Instagram account
anymore, Mark.

Speaker 3 (12:29):
You're not allowed to read the comments anymore from
people because there are plentyof people like we could do shows
and we could do days of showsof comments from our, from our,
I know it's best I don't look atthem, but I'm just saying that,
if you actually drive Toyotasversus reading a narrative,
which we do, we drive a Toyota,we drive an American, I drive an
American car right now.
You drive a Toyota.
Right now, ava drives a Toyotamade car.

(12:50):
Ella drives an American car.

Speaker 4 (12:52):
Yeah, okay, we're what I've had Like.
My first car was a Subaru and Iswear that that was the best
car I ever had, but it was alsomade in the seventies.

Speaker 3 (12:58):
Yeah, and Subaru.
Look, we've had Subarus too,and Subaru WRX is one of my
favorite cars on the planet.
It's tremendous, it's great inthe snow, the pickup is
fantastic.

Speaker 4 (13:06):
It's a great sporty car.
It's actually too fast for you.
It is a little too fast.
We don't need that anymore andI agree Subaru makes a good car.

Speaker 3 (13:14):
But if you're getting in a car and you want a car
that drives well on roads thereare some great American cars.

Speaker 4 (13:20):
Yeah, my Tahoe, which you sold Anyway we won't get
into that later.

Speaker 3 (13:22):
All right, let's move on.
Let's move on from the car show.
Sorry, I just wanted to saythat on that, mark's a big car
guy, if you haven't figured thatout by now.
I just know it's just Toyota,if you're shopping for a car.

Speaker 4 (13:31):
let Mark know he loves secretly to shop for cars.

Speaker 3 (13:33):
No, toyota criminally underpowers their cars and they
ride rougher and they ridelouder.
And American cars you get inthem, especially a a different
level car I'm sorry, I'm the onethat told you that before you
sold my car.

Speaker 4 (13:48):
Anyway, let's move on .
Okay, marianne, she said thankyou for the great explanation of
the tariffs.
You helped clarify thiscomplicated and urgently
important issue.
Thank you both.
Keep up the amazing work.
Thank you so much.
And then Sandra wrote anexcellent, excellent way of
explaining this tariff situation.
We'll also look up the Dogeinterview with Fox.
I hope you did.
I still swear that was a greatinterview.

(14:08):
And then Perry says robotics isthe future and will solve labor
issue.
The technology is already hereand can work 24 seven, becoming
very affordable.
Meaning that was in directresponse to us talking about can
these manufacturing companiesactually come to America?
Will there be people here towork in those companies?
And he's basically saying AIrobotics that will fill in the

(14:29):
large gap there.

Speaker 3 (14:30):
So thank you for writing in on that one Right and
more and more of thosecompanies may require less and
less people, but at the sametime, if you bring enough of
them back, you'll get a goodworkforce with it and you'll
bring the cost down.
You won't have individualpeople.
In other words, you payAmericans more than you pay
people in, say, vietnam.
And so the point would be canrobotics equal that playing
field a little bit, which is areally smart comment.

Speaker 4 (14:50):
Okay, and then this person she wrote in, or he wrote
in and said I can't afford muchright now.
It's going to be tough gettingthrough this, absolutely.
We totally feel that weunderstand exactly where you're
coming from on that as well.
There's still so much unknownabout this, and I think that we
just want to try to explain whatwe're pulling from it and what
we're understanding the wholesituation to be, and then we'll

(15:11):
just keep reporting on it andtelling people like well, we'll
follow things and see.

Speaker 3 (15:15):
Well no, that's the huge risk right, I mean if this
doesn't work, then then peoplethat are, that are really on the
edge because of higher prices.
Anyway it's going to, you know,it's going to be a disaster for
them, Absolutely to be adisaster for them Absolutely.
This is a huge deal, and sothat's why there is so much
concern and pushback, Some of itlegitimate, some of it
political.
It just depends, right.
And speaking of political, solet's get to these hands-off

(15:37):
events that were all over thecountry on Saturday.
Here's the venerable DebHaaland giving her speech in
downtown Albuquerque.
Big crowd, about 3,000 peoplein albuquerque for this was a
big crowd and and she gave herher talk and and went through
the whole deal and did whatevershe was going to do and did it.
But here's a little bit of whatthat sounded like in

(16:00):
albuquerque.
Which fair amount of peoplehere okay.
Well, let's play teresafernandez's clip first, because
maybe she will explain whathands off really means.
Let's find out.

(16:20):
She is the venerable teresaledger fernandez, our third
congressional district rep, whoum I believe this one was in
santa fe yeah, this was in santafe and and she's just riling up
the crowd and and I'll tell youwhat some people, when you give
them the mic, they tear it upokay, we are here because we are
here to say hands up everythingwe love hands off our firemen.

Speaker 4 (16:59):
What?
Stop, okay, all right, I'msorry, I I'm so lost well, no,
hold on the minute.

Speaker 3 (17:07):
She said what was?
What did she say?

Speaker 4 (17:09):
that she sounded like hands off everything we love.

Speaker 3 (17:13):
She sounded like al pacino.

Speaker 4 (17:15):
She's like I'm just lost.
I had friends sending mepictures of this yesterday and
sure and I'm like hands off,what exactly?
Like I'm missing the point likefor a.
I'm sorry it's rich.
Coming from this party thatloves heavy government, spend
heavy government, big government, as much government as we can.

(17:36):
Heavy government jobs.
Let's load the state full ofgovernment jobs.
Now we want the governmenthands off well, no hands off our
fire our firemen?
I don't know, I am so lost onthat one don't get your hands
off the firemen.
Hands off our democracy.
What, yeah, hands off ourbodies.
I mean, I guess I'm reallystruggling with whoever put this

(17:57):
PR campaign together.

Speaker 3 (17:59):
But it continues with the thread of just raw
opposition.
That's what this is and, again,one thing they will be able to
tap into, which is there isconcern.
There's legitimate concern,because you are literally
reordering the economy whichwe're about to get to.

Speaker 4 (18:14):
You think that they planned this rally, that is,
national, in response to thetariff plan?

Speaker 3 (18:19):
No, no, they didn't.
No, but my point was that no,absolutely not.

Speaker 4 (18:23):
So it's just hands off government, for I don't know
yeah hands off governmentperiod Because.
So it's just hands offgovernment, for I don't know.
Yeah, hands off governmentperiod Because Trump's in charge
.

Speaker 3 (18:29):
No, no question, no question.
Like, don't cut anything, keepthe grift going.
Like, let us have our money,let us do what we want, keep
going toward the financial cliff, we don't care.
Like, that's what we just livedthrough four years of, yeah,
the $2 trillion spendingdeficits every single year.

(18:51):
Crazy, you can't do it.
It doesn't matter.
This is, again, just pureopposition.
So that's what I'm saying.
It's just opposition, right?
And so they don't care aboutthe facts.
Well, the problem is, too, thatthis is not just on that side.
So, ava, do you have somethingyou'd like to add?

Speaker 6 (18:57):
I do.
I just made an observation here.
One of these signs saysBaltimore is back.

Speaker 3 (19:03):
Okay.

Speaker 6 (19:03):
And I just wanted to say that I think it's childish,
because I haven't seen a lot ofRepublicans, when they protest,
compare real people to fictionalvillains, but I see a lot of
Democrats do it all the time.
Yeah, you like the Voldemort Ijust think it's stupid and I
just wanted to bring it upbecause it's like, because
you're a Harry Potter fan, sowatch out.
Partially, but also like thebest thing you can come up with
is Voldemort.
You can't actually name anactual policy.

(19:24):
It's interesting, right.

Speaker 3 (19:26):
So there were some people who went around and just
started asking questions likewhat are your problems here?
And again, what you start tofind out is that there is a real
deficit in understanding, or agap between the understanding of
the policy and the advocacy ofwhat you want.
Right, there's just there's agap there.
So it's just, it's Trump, it'sTrump.

(19:47):
I don't like Trump.
So that's what a lot of this is.
That's why the goal of thisshow over the past few weeks has
been we want to educate you.
So then you say, okay, yeah, Iget it.
There's a risk in all of this.
There's a huge risk.
Here's the risk, here's theidea and here's where we're
going.
So that's what we're trying to.
When a mic is stuck insomeone's face, ava, they don't
come back and say, don't, youdon't like Trump, right?

(20:09):
I mean that's not good enough.
It's not good enough becauseyour future's on the line here.
If we continue with $36trillion in debt and $2 trillion
every single year, you're doneLike.
You're not going to haveanything as far as Social
Security goes.
We're not going to be able toafford Medicare and Medicaid.
We're not going to afford anyof those things.

Speaker 4 (20:30):
I guess I think still that people, instead of
actually understanding that,they just continue with the same
mantra he's coming afterMedicaid, he's going to kill
your Social Security Instead ofactually listening to the people
that are running Doge, which wedid talk about the earlier
episode.
If you missed it, please goback and listen to that first
episode, the episode last.
What is today, sunday.
The episode last what is today,sunday.

(20:51):
So this came out on Wednesdayand we really hammer what Doge
actually is making those cutsfor.
So our state now is involved ina major lawsuit.
Dig into that.
Figure it out.
Like the cuts.
If you're in favor of promotingthe cuts, still like you're
saying no, no, no, we need tokeep this fraudulent spend.
When you actually recognizethey're sending a billion
dollars on a survey monkey fornational parks.
That goes nowhere.
Like pay attention to wherethis waste is actually being cut

(21:12):
.
It's not like people are beingthrown out in the streets and
have no jobs anymore.
So it's just it's ludicrous.

Speaker 3 (21:17):
Well, no, and your point's a good one, which is
that if you, if you constantlysay they're getting rid of
social security, no, they're not, and everybody knows they're
not.
So but again, that hurts thedoom and gloom.
Well, that's their.
That hurts their own point,right?
That's the thing they don'trealize.
What they don't realize is whenyou jump in with this social
security is gone, medicaid'sgone, it's all gone, okay, no,
it's not.

Speaker 4 (21:35):
No, it's not.
No, they found 20 millionpeople that are fraudulently
using social security.
Let's just tighten in on thisNow.

Speaker 3 (21:41):
the one thing about the Wall Street Journal.
If you read the news pages it'spretty far left actually, but
it's the opinion page that ismore right centered, the Wall
Street Journal.
But just look at I'm going toread you a couple of quick
headlines Trump tariffs are amajor legal question.

(22:03):
Free trade didn't kill themiddle class.
Trump owns the economy now.
And then you just keep on goingdown and it says US tariffs
make Xi Jinping's day.
This is all the same day in theWall Street Journal, it's
actually this morning.
And then Jim Cramer today comesout and says this now there are
plenty of people that laughabout Jim Cramer's predictions,
but still, jim Cramer's not adumb guy and he's even said and

(22:27):
supported some support forterrorists, right.
So who knows, we'll see.
But he says host warns BlackMonday market crash over Trump's
terrorists rivaling the record87 collapse.
If something doesn't work outhere over the next few days,
he's worried that things willcontinue to collapse.

Speaker 4 (22:42):
And I'm not some stock market genius by any
stretch, as I got I don't knowkilled I don't know 25 years ago
by you when I bought Targetstock, thinking it was going to
be great, and you guys made somuch fun of me, I sold it
immediately.
Anyway, all that to say, I knowvery little about the stock
market.
However, when you see thingslike this, does it not lead
people immediately to be callingtheir brokers first thing

(23:03):
Monday morning to sell, sell,sell, sell?
so they know.
But I think when you put outwarnings like this people panic
and try to unload.
Right, well, maybe I mean, Idon't know People don't know
enough about like hey, stocks docome back, but like I don't
know.

Speaker 3 (23:18):
Half of Americans don't own stocks, first and
foremost, ok.
So so that's part of this, andthen the other half that do have
some experience in this, whereyou know it's.
We lost six trillion dollars inthe market.
Well, yeah, you did if you sold, but you've got to wait and see
.
I'm not saying this isn't a bigdeal.
I'm saying it could be a verybig deal, and this is about what
we're about to get into.
Ok, that this could be a hugedeal that could completely blow

(23:40):
up in Trump's face, but youshould know the logic behind it.
And there's a detailed set oftweets or a thread on Twitter X
Okay, and it's from Tanvi Ratna.
Okay, and she does economystuff, and and Bill Ackman
actually retweeted this out andsaid a really interesting
explanation.
He's a hedge fund guy, supersmart guy, and so I read this

(24:01):
and it was just fascinated by it, and usually we wouldn't go
through what I'm about to gothrough, but she does a really
good job.
So I'm going to move fairlyquickly on this, but I want you
to just kind of stick with meand listen to some of the logic
on this and able kind of closein on this so people can read it
if they want to.
But I just want to go throughall this and I think you'll find
it to be pretty interesting.

(24:21):
So, first and foremost, shestarts off by saying Trump's new
tariffs aren't a trade tweak.
They're the first move in afull spectrum reset.
Now the first point she makesis one we have made on this show
before, and that is $9.2trillion in debt matures this
year.
Okay, the interest rates.
If we re you know, we go andrefinance this thing there's a

(24:42):
good chance we get killed on theinterest rate If the interest
rate stays high like they'vebeen.
Remember, to get everythingunder control with all the
inflation under Biden, theyraised interest rates through
the roof.
Okay, well, guess who's also aborrower?
The government, right?
And so when you have to redoyour debt, if you go to a higher
number, you're in real trouble.
Okay, so this is the start ofeverything.

(25:03):
You realize we have to redo thedebt, we're spending way too
much money, and so if we don'tdo something, we're in real
bankruptcy problems, right?
Just easiest way to say it.
Okay, so it says it starts withthe debt.
The 9.2 trillion must berefinanced in 2025.
If rolled into a 10-year bond,every one basis point drop in

(25:23):
rate saves approximately abillion dollars a year.
So a 0.5% drop would save 500billion over a decade.
What does that mean?
It just means that if theinterest rates come down which
is critical okay, then it'scheaper to borrow that money.
Okay, the interest rates haveto come down, and so that's a
problem here.
Okay, so how to push yields down?

(25:45):
How do you do it?
How do you bring interest ratesdown?
That's hard to do because rightnow no one hasn't been done
Right.
They've been kind of like oh,you start to see inflation go
back up, so they can't cutinterest rates.
So Trump is caught in a toughspot.
So what they do is theymanufacture uncertainty.
She says sweep in with tariffs,spook the market, trigger, risk

(26:06):
off, and then money exits thestocks and floods into long-term
treasuries.
What does that allow for then?
That allows for the Fed to sayokay, we can cut interest rates.
So all of a sudden, trump hassaid we've got to have some
uncertainty as this is at leastTanvi's take that we've got to
have some uncertainty, bring themarket back a little bit, slow

(26:29):
and cool the economy.
That's what's trying to happenhere, is cool down the economy
so that that allows you to cutinterest rates.
Okay, does that make sense?
So far, yep, okay.
And then she says but cheaprefinancing isn't enough on its
own.
The debt remains enormous.
So what's the other thing?
We've talked about from thevery beginning that you not only

(26:50):
have to bring down interestrates, but you also have to cut
all the waste and fraud comingin with Doge right.

Speaker 4 (26:55):
So it says cheap refinancing isn't enough on its
own.
Even at lower rates, the debtremains enormous.
That's where the next levercomes in cutting the deficit.
Elon Musk and at Doge arecutting $40 billion per day $4
billion per day.
Oh sorry, yeah, $4 billion perday and at that pace they'd
shave off $1 trillion by the endof September, 25th, if not May,
which is basically the amountof time that he allocated to

(27:17):
work with Doge, right that heoriginally signed up to work
with Doge.

Speaker 3 (27:20):
So let's listen to what Musk says about that, right
?
So here's what Elon Musk issaying about what Doge is trying
to do, and are they on track todo this second part?

Speaker 8 (27:36):
I'm just here trying to make government more
efficient, eliminate waste andfraud, and so far we're making
good progress actually.
So our savings at this pointexceed $4 billion a day, so it's
probably significant.
You think you'll wind upgetting to a trillion dollars,
yeah, of savings.
I mean, unless we're stopped,we will get to a trillion

(27:57):
dollars of savings.
Okay, right there, that's goodenough.

Speaker 3 (28:00):
Okay.
So that puts us.
Okay.
So that's part number two,right?
So you've got to cool theeconomy, bring down interest
rates so we can refinance thedebt, and then you've got to cut
spending, getting rid of waste,fraud and abuse.
Hopefully a trillion dollars,and again we've got a two
trillion dollar deficit eachyear.
So once take half that and justwaste, fraud and abuse.
Ok, all these terrible thingsthose are doing, that's what

(28:22):
they're trying to do Terrible,terrible, right.
Right, ok, so then tariffs comein, she says, as a trigger for
domestic industrial revival.
The thinking is, by makingimports expensive, you create
room for US producers to step in.
But here's the problem.
Ok, american producers can'tstep in overnight, they can't

(28:43):
scale up overnight.
So in the short term, consumerswill face higher prices, and
the administration knows this OK.
So that's why they'refront-loading the pain now,
betting that by 2026, thebenefit will be visible.
So what do you do in themeantime?
So you know what these tariffs?
No one's saying prices won't goup at all with the tariffs.
They don't know how much.
But they're saying, okay, weknow prices are going up.

(29:05):
So what do we do?
Because we've got 26 coming up,right?
So you say, if you just jackprices on people and that's it,
well, you've got a problem.
You're going to get destroyedin 26.
So what can you possibly do tohelp offset that?

Speaker 4 (29:20):
Well, it says that they're trying to offer maybe
some tax cuts.

Speaker 3 (29:23):
Bingo.

Speaker 4 (29:25):
Which is what Trump's talked about quite a bit, it
says.
In the meantime, they'reoffering some near-term relief.
Tax cuts have already beenfloated to help offset the cost
burden on households, Whilerisky currency devaluation may
follow later.
To make imports cheaper withoutlifting the tariffs.

Speaker 3 (29:36):
Okay, so let's listen to Trump.
What does he say about thesetax cuts?

Speaker 5 (29:40):
And now we're going to pass the largest tax cuts in
American history, and that'swhere we're relying on Mike and
John Thune.
And we will not cut SocialSecurity, medicare or Medicaid
benefits, and the Democrats will, because if they got in, the
entire economy would collapse.

(30:01):
This country is heading for acollapse.

Speaker 3 (30:03):
OK, ok.
So again, trump, alwaysrounding back to we're not
cutting your entitlements, right, but we are going to cut taxes
to give you a break from what'slikely going to be boost prices
because of tariffs, because ofthe other stuff we have to do.
This is what I mean by allthese different things playing
in, right, this is all the deal.
Now we're also getting moneyfrom the tariffs and she
mentions this as well Her nextlittle stream of information

(30:25):
here and she's going to give anumber of 700 million in this,
in this ex post, she means 700billion, but go ahead.

Speaker 4 (30:31):
Don't forget, tariffs also bring in the revenue.
Estimates suggest they couldraise over 700 billion within
the first year.
That's not a game changer onits own, but it gives the
Treasury a bit more room tomaneuver, especially if paired
with deficit cuts.

Speaker 3 (30:43):
Yes, ok, and so, and then here's there's an estimate
here and you can see this.
Actually, she may have met 700million, but but the 700 billion
we're talking about you and Iare talking about here's, here's
one of the articles that that,where this was mentioned, it
says capital economists estimatethe import tax outlines and
president Trump's Wednesdayafternoon are likely to annually
generate 700 billion.
Yeah, so I think she meant 700billion.

(31:04):
Okay, so that's their, that'swhat they're trying to do Again.
That 700 billion added to 1trillion.
You're getting close to yourdeficit, by the way, getting rid
of it, but anyway, but that'sthe thinking, right.
So that's some of the thinkingin this whole thing.
But here's where this all comesdown.
Right, this is still very risky.
It says still, this approachisn't without risks, before

(31:41):
building out the capacity toreplace it.
Right.
And it says but that assumesthe tariffs are the end goal,
and they're not.
They're the starting gun, a wayto force movement both inside
the us and around the world,which brings us to geopolitics.
Before tariffs, trump's teamsignaled a global order reset.
Pulling back from nato, coolingeu ties, opening diplomatic

(32:03):
space with russia and saudiarabiaiffs now serve as leverage
to renegotiate terms based onAmerica first policies.
Expect a lot of bilateral dealsin the coming months.
Tariffs will be lowered forcountries that offer strategic
concessions trade, security,industrial policy.
Those that resist they'll pay ahigher cost until they decide

(32:24):
to come to the table.
And of course, china is a focalpoint in all of this.
There's no doubt they're goingto be a focus on this whole deal
.
So the US economy.
When we talk about all this,they're going to be clear
winners and losers.

Speaker 4 (32:37):
Right, and they're basically saying observers have
long argued that China isn't apoor country.
It's a wealthy, high capacitystate that floods markets with
exports and its currency.
Artificially low Tariffs couldbe used to force big moves like
currency appreciation by China.
Lines will be redrawn withother allies too.
Europe may be pushed to cutexposure to China or negotiate
on Ukraine.

(32:57):
India may be forced to cuttariffs and move closer to US
alignment.
Mexico and Canada could alsoface demand to crack down on
fentanyl and trafficking routes.

Speaker 3 (33:05):
So those are some of the good and bad globally.
But even here in the countrysteel, auto, textiles they're
likely to benefit from all thisright, bringing these jobs back.
But tech, retail andconstruction sectors, she says,
could be more reliant and thentake a hit, especially in some
of these swing states.
So she kind of wraps this up tosay look, there's a huge gamble

(33:29):
here and the big picture sayslower yields.
Each of the debt spending cutsrestore fiscal discipline,
tariffs jumpstart the economicgrowth locally and throughout
the country, and geopoliticsgets rewritten in America's
favor.
It's disruption by design.
Okay, so it can work.
Because you get the debt undercontrol, you manufacture more

(33:49):
things here.
Okay, global leverage isrestored and trump is vindicated
in 2026 or maybe 2028 okay, orit goes wrong.
Inflation ticks back up,retaliation from other countries
, which china's already saidthey're going to do.
You lose lose the midterms, sothe house is going to impeach
Trump again.

(34:10):
That'll just happen.
And strategic drift Everybodygoes.
Where are we going.
What really happened here?
Did you blow up the economy?
This is a massive gambit, right?
Massive, ok, and so that's whatthis is.
And, as we've said on the showa million times, some is policy
based, some is political based.
You've got to do both, right.

(34:30):
You've got to handle thepolitics of it while handling
the policy portion, and I thinkthe best thing the
administration did over the pastfew days is put Scott Besson
out to talk to Tucker Carlson.
He's an excellent carrier ofthe message, and not because
he's a dynamic communicator, butbecause he lays out some of
this policy in a very coherentway.

Speaker 4 (34:51):
So he's basically saying we need to do this big
overhaul or we're going to havean economic disaster.
I thought I thought thisinterview was really good If you
want to go on and listen to thefull interview with Tucker
Carlson.
I learned a lot about things Iknew nothing about.

Speaker 3 (35:02):
Yeah, it's an excellent interview.
It's an hour long and noteverybody listens to Tucker and
I've got some problems with theway Tucker feels about certain
things.
But but there's no doubt thiswas a fascinating interview.
In this clip you pulled thisgood one.

Speaker 4 (35:14):
Okay, so let's take a listen to this very first one
about just what's at stake hereand where we have to start
switching gears.

Speaker 7 (35:22):
Would have been really fun for me to come in and
just keep issuing a lot of debtand it's almost like a
bodybuilder is taking steroidsOutside looks great, you're
muscular, inside you're killingyour vital organs.
That's what was going on here.
But it would have been easy tokeep pumping up the economy,
borrowing a lot of money,creating a lot of government

(35:45):
jobs.
There was no controversy whenwe're doing all that, but you
were going to end up in acalamity.
If you go back and look, youlook at the financial crisis in
07-08.
Economy looked great right upuntil then.
You go back and you look at theend of the dot-com bubble and

(36:10):
then the whole credit problem,the fraud at WorldCom, enron,
some other companies.
Economy looked great until itdidn't and I think one of the
things that we won't get creditfor but that this administration
will have done is avoiding afinancial calamity.

Speaker 3 (36:31):
So that's super interesting because, again, put
that in contrast with whatyou're seeing on the other side
and everybody's saying leavethings the way they are.
You can't leave things the waythey are right.
Not with $36 trillion in debt,not with a deficit every year of
$2 trillion.
Not with interest rates goingup, not with any manufacturing
here.
You just can't do this.
You can't continue to do whatwe're doing.

(36:51):
And so he's just saying andhe's right, they'll never get
credit, but this will be one ofthose deals where we're,
hopefully, if it works andthere's no one who should root
against this, unless you're anabsolute sociopath Right, then
you don't want this to work.
We want this to work to get uson better footing.
I don't care what side of thepolitical aisle you are on.

(37:12):
You do not want 2008 or worsehappening again.
I don't care who you are.
That's mass suffering.

Speaker 4 (37:18):
Right.

Speaker 3 (37:19):
OK.

Speaker 4 (37:19):
OK, well then you said that there's just a big
wealth gap that we need to betaking into consideration when
we think about this.
That really, what is it like?
The top percent, top 1% movethe money kind of around in our
country, something to thatdegree.

Speaker 3 (37:31):
Well, top 2% have 50% of the wealth.

Speaker 4 (37:33):
Right, and so he's like listen.
That's great.
I'm happy for those, but wehave to take care of everybody
in this country.

Speaker 3 (37:39):
And that's not what Republicans used to sound like.

Speaker 4 (37:41):
Correct, so take a listen to this one.

Speaker 7 (37:44):
I'm not happy with what's going on in the market
today, but the distribution ofequities across households.
The top 10% of Americans own88% of equities 88% of the stock
market.
The next 40% owns 12% of thestock market.
The bottom 50 has debt.

(38:06):
They have credit card bills,they rent their homes, they have
auto loans and we've got togive them some relief.
I was struck by the statisticfrom last year.
That's the message right there.
Just as a bystander I'm like wow, okay, or that.
I like the examples and I wasreally struck by two different

(38:28):
statistics.
Last year, summer of 2024,americans took more European
vacations than they had inhistory.
Summer of 2024, more Americanswere using food banks than they
ever have in history.
I went into two food banks nearmy hometown to ask what's the

(38:50):
story and they said you know, itreally takes.
For a lot of people it's a lossof dignity to walk in a food
bank.
But they were seeing something,a new phenomenon, that it
wasn't their traditionalclientele.
It wasn't people who'd losttheir homes, it wasn't people
out on the street.
These were working families whocould no longer.

(39:13):
$100 at the grocery store, thatbasket of groceries every week.
They were missing five, six,seven things and they were
coming to the food bank to topup.
So that's not a great AmericaRecord, european vacation record
, food banks.
That's really smart.
No reason, we can't keep therecord European vacations going.

Speaker 3 (39:34):
Okay, his point is really good and again, it's a
point that too often Republicansnever made and now they do,
which is when you talk abouthollowing out the middle class
and you talk about young peopleright now and we're going to
show you the numbers in a secondthat they're supporting these
moves now in higher numbers,because they do get it.
You get young people that aremaking really good salaries

(39:56):
$80,000 a year you can't afforda house, not even close, not
even close.
If you drive around Albuquerque, they're not building a ton of
houses, they're building a tonof apartment complexes, right,
right, that's a difference,right.
And so I'm just saying thatthis messaging and people
thinking, oh my gosh, theeconomy's in stock markets in
trouble, you don't get it.
You got half of the people whodon't know what you're talking

(40:17):
about with the stock market,that money sitting there, and so
when you try to reorient thesethings, you really are watching
something trying to reset thiswhole thing.
And again, I'll say it again, Idon't know that it will work.
I hope it will work, but Idon't know.
But you look at that and yousee that the people that have
become incredibly wealthy inthis country are two sectors

(40:39):
Tech sector, which is incredible, and we need to continue to
feed that.
But there's also the people whojust move money right.
They just move money right.
They just move money andthey're incredibly wealthy for
figuring out how to move money.
I get all that, I don'tbegrudge that, but we need a lot
more people that are able tosupport their families on good
paying American jobs that thathave left the country to some

(41:01):
degree and we have to get themback.
The ones that we can get themall back, but we have to try.

Speaker 4 (41:07):
Okay, and the other thing that I've pulled from this
article or this interview thatI thought was pretty terrifying
actually, is that one thing thatCOVID did teach us was just how
bad our supply chain can beimpacted because of how much
we're relying on our productscoming in from other countries,
products that are very important, like medicine.
So take a listen to this clip.
I thought this was veryimportant as well for everybody

(41:29):
to be aware of.

Speaker 7 (41:30):
We're going to re-industrialize that.
We have gone to a highlyfinancialized economy.

Speaker 3 (41:37):
We have Moving money.

Speaker 7 (41:39):
We have stopped making things, especially a lot
of the things that are relevantfor national security.
I think one of the few goodoutcomes from COVID was we had a
beta test for what maybe akinetic war with a large
adversary could look like, andit turned out that these highly

(42:02):
efficient supply chains were notstrategically secure, so that
we don't make our own medicines,that we don't make our own
semiconductors, that we don'tmake our own ships anymore.
So I think, if I were to say,was there any good outcome from
COVID?

(42:22):
It woke the world up to thesesupply chain problems.
So economic security isnational security.
President Trump and I havetalked about that a lot.
So this is a national securityissue that we're seeing here,
but it's also an economicsecurity issue.

Speaker 3 (42:38):
Okay, exactly right.
And remember, right after COVID, we talked about this.
We talked about we can't keepgetting everything from China.
This is the adjustment Right,biden didn't do it at all.
China this is the adjustmentRight, right.
Biden didn't do it at all,didn't even address it, no, in
any sort of significant way.
So this is a, this is a, thisis reality, hitting us in the
face that we cannot be relianton some of these countries for
all these things.

(42:59):
And so this is a reset with,with very laudable goals.
Now, you don't judge policy bythe goals.
You judge it by the results,right?
So one of the big arguments ishere comes a lot more inflation.
Okay, but is that really true?
Is that really true?
So we're going to go to clip31,.
Ava Robert Lighthizer, who wasone of Trump's advisors on this,

(43:21):
he made an interesting pointabout the fact that he's not
particularly worried aboutinflation, and here's why.

Speaker 1 (43:29):
And I would add one other thing.
If you look at the president'sprogram generally, all right,
the program is going to be taxcuts, spending cuts,
deregulation, more energy andtariffs.
Now even all but a hardcorepartisan would say the

(43:51):
combination of that can't beinflationary, right?
The combination of cuttingspending, getting rid of
regulation, increasing energythose things can't be
inflationary Now, so they'reanti-inflationary.

Speaker 2 (44:04):
They're all inflationary because we've done
the opposite.

Speaker 1 (44:06):
We made energy more expensive.
That's precisely right.
Spend too much?
Yeah, okay.

Speaker 3 (44:09):
So it seems like exactly right, right.
So that's super interestingstuff to think about.
So is Lighthizer right?
Well, there's a new, some newinformation out on on what's
going on, and some of the trueinflation numbers are pretty
encouraging at this point thatthey're staying pretty low.
So will that continue?
Well, we'll have to wait andsee.

(44:30):
But what's so part of what we'retalking about here in this
whole deep dive is energy right,keeping energy low, is energy
lower, energy's lower.
Here's the prices, and in fact,we're at $61 for a barrel of
crude oil.
Ok, that's the lowest it's beenin a long time for crude oil.
Look at it.
Drop off, that's the graphright there, and we are down

(44:52):
significantly here, and it'sgoing to likely continue to stay
pretty low because of somedeals with OPEC.
So these things are playing out.
We'll see what happens.
I know this is kind of a deep,meandering thing and there's
more exciting topics as far asscintillating goes, but as far
as making your payments andmaking sure we don't end up in a
complete economic disaster,this is the thought process.

(45:14):
Again, I'm not telling you it'sgoing to work, you know so.
So there you go.
But this isn't necessarilysomething either, that where, if
you read the drudge report youwould think everybody thinks
Trump's headed down the wrongroad Everybody, but maybe the
American people.
There is some other informationon that.

Speaker 4 (45:29):
Well, yeah, it says here that Americans are
delivering shock verdict onTrump's controversial new
tariffs.
According to Daily Mail If youwant to take a look at this it
says an exclusive DailyMailcomsurvey of over a thousand
registered voters conducted inMarch to April found that the
Republican remains largelypopular in the US.
The poll found that Trump'sapproval rating rose to 53%,

(45:51):
which is a four-point increaseover last week, when it was only
at 49%.
Now, trump's rising approvalrating is surprising given the
flack that the White Housereceived over the tariff order
signed Wednesday.
It is up by 13 points sinceMarch 7, among those aged 18 to
29.

Speaker 3 (46:06):
Okay, so super interesting.
There he's up 13 points withyoung people, with young voters.
Why?
Because young voters have feweroptions than their parents did
right now, right?
So they're saying, yeah, weneed to do something Now.
Do I think this poll isnecessarily right?
Maybe, maybe not.
There are other polls that sayother things.

Speaker 4 (46:25):
Well, it's saying here that this President Trump
job approval it does show here.

Speaker 3 (46:30):
Yeah, that's.
That's the one we were justtalking about.
Sorry, I added an extra one inthere but it's the same one,
right.
It's the one that says fiftythree, forty seven, right, and
that's the one from jailpartners in the Daily Mail.
But then there's one fromFabrizio Fabrizio Lee and Impact
Research.
So this is kind of a RepublicanDemocrat deal.
Tony Fabrizio is Trump'spollster, okay, so this number

(46:53):
is different, though.

Speaker 4 (46:54):
Yeah, this national poll.
It shows here a different look.
It says here that actually 51%disapprove of President Trump
right now and 52% disapprove ofthe economy.
So I'm not sure which survey dowe believe?
Which poll are we going tobelieve?

Speaker 3 (47:09):
Right, right, yeah, no, but but all of this just
gets back to our point and we'llwrap this portion of it here,
and that is just that very muchup in the air.
You couldn't have more negativefeedback for what he's trying
to do than what he's seen.

Speaker 4 (47:29):
I mean, and some of it coming from the right.
Right, I mean so, but here'sthe here's the thing, the
takeaway.
I think that, whether you likeexactly what you just said five
minutes ago, right, whether youlike Trump or not, you need
America, or you should wantAmerica to be successful,
because, therefore, you'resuccessful, your kids are
successful, hopefully, yourgrandchildren are.
So why would we not all behoping that this plan works and
giving Trump some time to see ifit does come together?

(47:51):
Right, like it's not going tohappen overnight, like we have?
We have people that are like,well, this is ridiculous because
he can't do this so fast, andlike we don't, there's no way
we're going to take a major hit.
Between now and then, he hasbeen very honest and saying
before, when he was running, hesaid this is my game plan and
there's going to be pain, but wehave to reset or our country's
going to go bankrupt.
So I guess I just I thinkpeople need to recognize this is

(48:13):
going to be painful and itcould come at some consequences
some higher prices for somethings that you wanted to be
lower right now, which are stillgoing to be lower, but look at
the energy prices, Eggs by theway, eggs have gone down
Everybody.

Speaker 3 (48:25):
And the offset right, the offset which is the energy
prices down.
Try to bring taxes down, try tobalance it out, just to get
yourself to where you want to go.
But I think the argument wouldbe from a variety of different
people is this is not a smartway to go about doing it.
It's too strong on the tariffs,it's too bold, it's too much.
Who knows right it?

(48:46):
It's too strong on the tariffs.
It's too bold, it's too much.
Who knows?
Right, and so I think that's theargument, though.
So the argument isn't thatpeople don't want the country to
do well.
The argument would be well, wejust think he's doing it wrong,
which is classic politics.
Right, you totally get that,but we'll see.
I think you get into otherterritory with some people where
they just want it to fail,there's no doubt.
But you're always going to havethose people.
The hardcore partisans wantsomeone who's not in their party
to fail, like it doesn't matterwhether America wins.

Speaker 4 (49:09):
So that's the frustrating part is like when
you see these lawsuits comingafter the Doge tax, the Doge
cuts, when you actually look atthose cuts, I'm like who can
defend these?
Who can say, no, we shouldn'tbe cutting these, like I don't
understand.
And those are all available foreverybody in the American can
look, anybody can look, anybodycan look.
It's on.
You know Doja's website veryclear, very transparent.
If you sit there and say, oh,that was a great use of my

(49:30):
taxpayer dollars, I just don'tknow how anybody's doing that.
Instead, all you hear is we'vegot to fight back.
We've got to fight back fromthe opposing side, getting
people all riled up with theirspeeches and their tweets, and
people that just disagree withTrump aren't taking the time to
actually look and say these cutsactually make sense.

Speaker 3 (49:48):
Well, no, no, there's no question.
I agree with you.
That's why, again, it's it's apoint we've made on the show a
million times.
When all you are is anoppositional party and you have,
you have no other vision oryour vision has been discredited
because it did not work and itput people in a really bad
position, that's your problemand you've got to reorient what
you're doing and then carry amessage.
Right now, they're still notcarrying a message because they
don't have one yet.

(50:08):
They'll have one now.
It.
Will that one be?
Trump failed?
It could be.
Hopefully.
It won't be, but it could be,but hopefully for all of America
.
That won't be their case.
Their case, hopefully, will besomething else.
They're like yeah, we'll workthis time, but whatever, that's
what you hope, but anyway, okay.

Speaker 4 (50:23):
Last story Okay, this last story.
This is about really the mayorfacing some kind of some ethical
questions.
In the way I read this article,this was in the journal today
and it's basically he's tryingto kind of take away this

(50:43):
inquiry that came up that showsfraudulent spend within the city
hall of Albuquerque.
Right, so it's a city watchdogonce investigations released of
Albuquerque.
Right, so it's a city watchdogonce investigations released.
The city of Albuquerqueindependent watchdog agency has
issued an unusual public noticeaimed at its citizen oversight
committee, which has yet to makepublic nine finished internal
investigations into allegedmisconduct at city hall.

Speaker 3 (50:59):
Okay, so, basically so wait, so yeah, explain this
then.
So what we have here is aninvestigation at city hall, and
then why isn't that just turnedright out to people?
Why is there not?
This independent group turns itout right away.
There's another purview overthis.
Is that the deal?

Speaker 4 (51:14):
Well, my understanding is that then,
before they can actually makethis public, a committee gets
together, has to approve thisreport for public consumption.

Speaker 3 (51:23):
Who staffs the committee?

Speaker 4 (51:25):
The mayor?
Oh Okay, approve this reportfor public consumption.
Who staffs the committee?
The mayor, oh Okay, so themayor and my understanding is
that it's for city councilpeople, or the city council
people who have already backedthe mayor are part of this
committee.
Now, until this committee meets, they can't issue the report.
So they purposely did not, or Idon't know if it's purposely or
not, but what the articlebasically states is they haven't
met since November.

(51:45):
Okay, this report's been done.
My understanding is before that.
So the issue that they give thereport again this independent
group gives this it's basicallythe inspector general gives this
report to this committee inearly March to read over,
because they know there's anupcoming March meeting.
Well, what happened, accordingto this article, is that at this
March meeting, they cut themeeting short and they did not

(52:09):
address this issue at all.

Speaker 3 (52:11):
Do you know what some of the findings were?
Well, yeah, roughly.
What were they looking into?
What were they trying to figureout?

Speaker 4 (52:16):
Well, they're trying to find.
I mean, one thing that theybasically uncovered is they said
most recently and this isnumber 42, if you want to show
this up here it says mostrecently, the OIG reported
uncovering nearly three hundredthousand dollars in bonuses from
a federal child carestabilization grant that went to
twenty seven ineligible cityemployees, some of those high
ranking.

(52:36):
The program was supposed tohelp child care providers defray
unexpected business costsassociated with the covid
pandemic.
Expected business costsassociated with the COVID
pandemic.

Speaker 3 (52:45):
Wait, wait, wait, wait.
So you've got 300 grand in afederal grant that ends up in
the hands of some of hisemployees.

Speaker 4 (52:52):
Well, it says 27 ineligible city employees, and
some of those were high ranking.
So now we need to see thereport right.

Speaker 3 (52:59):
Yeah, we don't know.
Everybody should see it, Right?

Speaker 4 (53:00):
you don't know and then I pulled this quote because
I thought this was interesting.
So there's.
So this is our basicallyinspector general here locally,
right, that's put.
That is, put this reporttogether Now.
The national association ofinspectors general right, okay,
the national organization.
They urged the release ofpending reports.
This is without further delay.
This is number 43, abe.
It says this is the quote fromthe national association for the

(53:21):
oversight committee not even tohold meetings sends a clear
message, but sends a clear butunfortunate signal that it's not
interested in learning ofmisconduct within the city of
Albuquerque, let alone informulating solutions to make
the government operate moreefficiently, wrote Will Fletcher
, the president of the New Yorkbased association, in a news
release.
This reluctancy holds back themission of government oversight

(53:45):
and inevitably raises questionsabout the commitment to
transparency.
So this is the sad part too.
Is the person that's herelocally part of the internal
investigation basically lookingat this and putting this report
together?
Her job is basically up in Juneand she could be reconfirmed to
add to her time, her tenure,but the city has posted her job

(54:08):
online.

Speaker 3 (54:09):
So the city can bounce her.

Speaker 4 (54:10):
So the city can bounce her.

Speaker 3 (54:12):
The very person that's overseeing them.

Speaker 4 (54:13):
Correct and she's supposed to be this third party,
not partisan.
It's so sneaky and slimy.
It feels sneaky and slimy.
It feels like the city is usingmoney inefficiently.

Speaker 3 (54:27):
Inefficiently, fraudulently.
Well, that would be theinference that could be drawn,
because you haven't actuallygiven people real information
yet.

Speaker 4 (54:35):
Exactly, and so if you're innocent in all this, why
would you not want this reportto come to light?
And why do you have four citycouncil members sitting here
saying we're not going to talkabout this at this particular
meeting?
It's like they're stalling.
It feels like, at least whenyou read this article.
It feels like there's a bigstall job, and then they are
hoping to get this womanreplaced in June when her job
comes up.
And then they can maybe say, ohwell, now this is all outdated

(54:57):
and we're going to need a biggerreport, more investigation.
I don't know.
The mayor's election is inNovember.
It seems very sneaky.

Speaker 3 (55:06):
It seems sneaky, it seems.
There's no doubt Darren Whitehas to hit very hard against
Keller to say listen, releasethis stuff.
We deserve to know.
Right, and this should be onnews organizations radar.
You know every televisionstation.
Obviously the journal's alreadydone it.
Uh, colleen Heil did it.
She's a, she's a good reporterand she digs in and does this.
I'm sure you're going to seeJeff Tucker and the opinion page

(55:27):
talk about this at some pointand the television stations need
to step up.
I wouldn't be surprised ifChannel 7 were to step up and do
a story on this.

Speaker 4 (55:34):
Well, it should come out sooner than later, because
people I mean they're hoping theclock runs out is what it feels
like to me they're hoping thatenough time goes by.
And people are like, oh, thisis confusing.

Speaker 3 (55:44):
No, I mean, yeah, this is where it's on media to
stand up and say let's do this,it's on.
I'd love to see someone like aBarker jump on this or somebody
over Channel 4 to just to saygive us answers.
And if there's nothing to this,then show it right so that
there's nothing to it.
Maybe, maybe, this, this thinginferred by the journal article,
or or at least some information, information.
It could be totally wrong.
We could find out.
Wait a minute, all the covidmoney went to went to tammy's

(56:06):
child care and that's exactlywhere it should have gone.

Speaker 4 (56:08):
And and we're going to find out it was great and
then you can also push back onthe city council members that
are in, that are part of thiscommittee.

Speaker 3 (56:14):
That well, that's a, that's a structural thing too.

Speaker 4 (56:16):
But yeah, I mean that that would I'd be interviewing
them and saying why, why thehesitancy on releasing this
report?

Speaker 3 (56:21):
right, but then that allows them to go to process,
which I have a problem with.
But then you say well, why areyou on this thing?
Well, that's the process.
They want to have the processargument with you.
Forget the process argument.
How about the argument of wegot $300,000 here that was
designed to help for childcareduring COVID.
Where's that money?
And if it didn't end up with asingle person in your
administration who does not havea direct role in childcare,

(56:43):
then what the heck is going on?
And even if they do, that's aconflict of interest and they
shouldn't be taking that money.
They get paid a salary by thecity.
Where's the 300 K?
Let's, let's find out.
Yeah, and so we'll see.
Okay.

Speaker 4 (56:55):
Okay, well, we'll follow up with that.
If we hear anything more, we'llabsolutely be covering it.
So cover.
It was meaty, this is a meatyshow today.

Speaker 3 (57:02):
It was like a heavy, it was like a steak and then a
bottle of wine that tastes likea steak and I don't know.
I don't know if it's going towork.
Hopefully you guys like it andweren't like oh my God, that was
like into the weeds and I, Ididn't appreciate it.

Speaker 4 (57:14):
It was definitely like a government um education
class today.

Speaker 3 (57:18):
But I think it's important.

Speaker 4 (57:19):
I mean, I do think it's important in what we've
always said about the show, thepurpose of our show.
We want to entertain you, butwe also want to educate you on
the issues that we think thatyou should be paying attention
to as a voter.
So that's kind of what we'redoing.

Speaker 3 (57:29):
We're scared, like everybody else is too, like we
don't know what's going tohappen.
And so I think it's dumb of usto sit there and trumpet, you
know, even, let's say, all right, cause Trump's a Republican, we
.
So what we want to tell you isthe information involved in it,
and then we're just going tohave to wait and see.
I don't know.
But and there are plenty ofconcern.

(57:49):
Believe me, I heard from plentyof concern, my own family.
They're like oh my God, this isa disaster.
I got a disaster and it's likewell, hold on, I don't know, it
might be a disaster.

Speaker 4 (58:02):
We should know why, and so that's our thing okay, so
hopefully we've kept you awakeat least long enough, and I'm
gonna go get some more methyleneblue down, please down his
gullet really quickly.
So thanks again, you guys, foryour time and we will see you
back here on wednesday.

Speaker 2 (58:15):
Have a good one you've been listening to the no
doubt about it podcast.
We hope you've enjoyed the show.
We know we had a blast.
Make sure to to like, rate andreview.
We'll be back soon, but in themeantime you can find us on
Instagram and Facebook at noDoubt About it Podcast.

Speaker 3 (58:34):
No doubt about it.

Speaker 2 (58:37):
The no Doubt About it Podcast is a Choose Adventure
Media production.
See you next time on no DoubtAbout it.

Speaker 3 (58:45):
There is no doubt about it.