September 26, 2025 • 15 mins
Jerremy Alexander Newsome and Dave Conley slam the massive H-1B visa fee hike to $100,000, unraveling its chokehold on businesses through inflated costs and indentured servitude vibes. They connect the dots to raging inflation, looming interest rate cuts, and a president's unchecked grip on immigration policy. Amid surreal White House antics, they probe U.S. foreign policy failures in Gaza and Ukraine, urging a wake-up from malaise to reclaim domestic priorities.
Timestamps:
- (00:00) Current Events Dive: Breaking from Voting Talk
- (00:33) H-1B Fee Surge: $100K Barrier Hits Hard
- (01:46) Immigration's Economic Ripples: Business Burdens Exposed
- (07:22) Inflation and Rates: Borrowing Bets in Turbulent Times
- (12:50) Global Wars and U.S. Stance: From Malaise to Critique
Mark as Played
Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Jerremy (00:00):
Here we are.
We're back for more doing it again.
Dave (00:03):
We are, and we're taking a little bit of a break not on the podcast,
but on just the topic right now.
We're in the middle of thetopic of voting, right?
And that's been cranking, and wehave some really cool stuff coming
up, but we wanted to take a lookat what's going on in the world.
You know, like, what's up?
So what's up in the last week?
What's up in the last two weeks?
(00:23):
And that's our idea here.
What do you have?
What's on your mind?
Jerremy (00:27):
There's a lot going on, man.
Tons.
So I think randomly we'll drop this in.
Since very recently we werediscussing immigration.
Dave (00:37):
Yeah.
Jerremy (00:38):
But let's talk about the H one B Visa fee hike.
It was a small increase.
It's a tiny, tiny, uh, multitens of thousands of dollars.
So it's a hundred thousanddollars fee for new applicants
that starts on September 21st.
(00:59):
And it confused a lot of.
Yeah, Indian firms definitelylike, uh, like Tata Motors and
Dave (01:08):
yeah.
Jerremy (01:08):
Uh, many others.
There's probably some exemptionsthat are case by case, but that
was a pretty large fee hike.
And again I really do think the biggestsolution slash hyphen semicolon problem
that I see is that one individual personbeing the president has way, way too much
control over immigration in this country.
Dave (01:28):
Yeah.
Jerremy (01:28):
And that person gets to dictate essentially how any sovereign human being
gets to come in or out is kind bogus,
Dave (01:38):
bonkers, bonkers.
My favorite word.
Jerremy (01:41):
Yeah.
So that was big man.
A hundred thousand dollars.
That's a lot.
Dave (01:46):
I'm talking to Melissa, who we interviewed here who is
the corporate lawyer, and shetalked about this that there has,
always been a reluctance bybusinesses to do H one B visas.
That's the myth, right?
That, uh, companies love this and they'rereplacing workers, you know, American
workers with these H one B visas, and I'mlike, no, that's actually not the case.
They do want more flexibility there,but they're really expensive and
(02:09):
now they're way more expensive.
And then the governmentsets the rate, right?
Like of whatever you have to pay somebody.
So you might actually hire somebodyfrom overseas and have to pay them
more than your current uh, cropof folks that are working for you
because the government sets the rate.
And she's like where, wheredid this rate come from?
This doesn't make any sense.
And they're like, no, you've gottapay your developer like twice as
(02:30):
much as your current developers.
That's not market rate.
Mm-hmm.
So the like between, between.
Companies holding the visa, whichis like, okay, now you work for me.
You know?
Which is scary.
It's sort of an indentured servitude,the market rates not being set.
No flexibility.
(02:51):
Oh.
And it only counts for like some people.
So if you have like a world class salesperson, forget it, it's only gonna be
like, scientists and computer science.
It's only like really highlevel, college educated.
If you needed like a bunch ofpeople to like work on your
building, you're like, forget it.
They're not getting H one Bvisas to your absolute point.
This hasn't been touched since 1986.
(03:11):
There was like a little bit thatwe learned about that, was the,
the DACA stuff that Obama did.
Nothing since 1986.
The internet wasn't athing in 1986, you know?
Do you think Reagan and any of thatcrowd knew anything about technology?
Technology wasn't at theforefront of our society.
Jerremy (03:30):
Yeah.
You had just barelygraduated college in 86.
Dave (03:34):
I was not.
I'm gonna go get my cane.
Where's my, that's right.
Oh, wait.
Okay.
So I do have something funny to say.
Tell me
about being old.
Oh, let's bring it up.
When we, I wanna talk about alittle bit about Maha because
that's, when that comes up.
I was like, I actually loggedonto my pharmacy today.
I'm like, uhoh.
All right.
So we'll come back to that.
(03:55):
Let's talk about this H one B stuff.
Okay.
So what, what do you, what Imean, what else about this?
What, what's, you know,like, what, why do we care?
Jerremy (04:03):
I mean, I think ultimately that the big shift there probably
for me is really just topic of mind.
That we were talking about immigrationand that one is, to your point, it's not
like anyone stealing any American jobs.
It's like they are already aninternational warrant for more employees.
(04:27):
And uh, I just think that that was afascinating, almost out of left field
very large decision on both the financialaspect and implications of individuals
to get that, but also an interestingoutcome for the whole tariff situation.
'cause I can also see how Trump is makingthat feel like a tariff increase in
(04:47):
the sense of, hey, if you're a companyand you want more workers that are
international that are not here, pay awhole lot more money to have them and.
Uh, is that a tariff approach?
Apparently he's trying to make thathappen, or at least it seems that that's,
that's the case because he really doestruly want less international workers.
(05:11):
That's the only way that this can be seen.
Like, you can't say that you havea hundred thousand dollars H one B
and you're like, yeah, so we don'tneed international workers anymore.
Dave (05:22):
Yeah.
Okay.
Let's bring this up a level.
Does it feel like thisis a complete clown show?
Like just a clown show?
I think the first administration was,was certainly like, they didn't seem like
they knew what they were doing, for sure.
I don't think they, they believed thatthey were going to be even in office.
Now it seems like theyhad years to prepare.
(05:44):
And they brought in people supposedlythat like, knew the system and they shook
everything up like an Etch a Sketch.
And now it just, it seems likeextra clown show, you know?
Like now they're, now they're doingstuff and it's, it seems bonkers.
Uh, back to that it just seems crazy.
Like, do we got extra clown show going on?
Jerremy (06:03):
Yeah, a little bit, a little bit, I think.
But at the same case, I understandwhat he's trying to accomplish.
I wouldn't agree with it necessarily, butit does seem like that's, ultimately to me
if I was in a position of really ultimatestrong decision making, it really would
be that an individual person, AKA, thepresident will not have or should not have
(06:28):
that much sway or decision making capacityor capability over the effects of.
Millions of people and their jobsand their employment and how they
actually are processing that.
And the president's also extremelyaware that immigration is a problem.
And I think he's justhandling it the wrong way.
I don't think he's trying to fix thesolution, or create a solution and
(06:50):
actually make some policy changes thatare in reference to how immigration
can be settled faster, easier, quicker,more efficient, more effective.
It's just, hey, it'sgonna cost a lot more.
And that cost is gonna go directlyto companies that employ or
higher international workers,and that's gonna create the cost
of goods to spike exponentially.
(07:11):
Which again, back to thewhole tariff situation.
I think that's still kindof in a backwards way, his
ultimate goal of this, which.
He told us it was gonnahappen and it is happening.
So I guess he's happy with it.
Dave (07:22):
So inflation goes up.
We already, I mean,we're already seeing it.
We've seen it.
Oh yeah, we saw it two years ago.
We saw it last year.
We're seeing it again this year.
Like it's getting noticeable.
Mm-hmm.
Uh, again.
Which made people crazy last time.
It's not helping.
And then you cut rates,which happened, right?
Yep.
And that's, is that also inflationary?
(07:43):
Or is that deflationary?
I don't know, what does stagflation mean?
It means like the economy doesn'tmove and the prices go up.
Yep.
Oh, well that doesn't sound good.
And price, that sounds like that.
And prices
Jerremy (07:55):
and prices still go up.
Yeah.
That's, that also happens, right?
So the Federal Reserve, Trump hasbeen pushing for that since day one.
But, I think everyone at this pointkinda knows my stance on that.
We knew he was going to, because.
He has one goal in office and that isto increase the prices of real estate,
of which would benefit him directly.
(08:17):
So I believe with the currentrate drop or the rate cut that we
have, which was a quarter percent,
Dave (08:25):
yeah,
Jerremy (08:26):
that happens.
That's gonna come into place pretty soon.
So if anybody has an adjustable ratemortgage, they should at least feel
or notice some level of decrease here,which is definitely gonna help a lot
of individuals that are getting kindof stuck or that were stuck in the,
in the huge increase that happened,uh, over the last two to three years.
(08:46):
So that is happening, and we're gonnaalso figure out if there's gonna be
any more cuts in the future, which,which it does seem like there will be.
Dave (08:54):
Quarter point rate.
Cut.
All right.
So
Jerremy (08:58):
quarter point rate put more, more is coming.
That's an interesting thing.
'cause I'm really trying to figure outwhat, what Trump's goal is to like, how
low he wants, wants interest rates to go.
Four, four and six.
Four and 7% is really normal andthat's actually pretty healthy.
If we get back into the, whichI'm sure he wants it to 0% again,
(09:19):
man, that's gonna seem like.
We are really gonna get intoan inflationary standpoint
at that point, right?
Because with 0% interestrates, money is free.
Again, people are gonna be spending somuch more money on pretty much everything,
again, which is gonna directly impactthe cost of vehicles, housing, food.
(09:39):
It's all gonna be more expensive.
Yeah.
Again, and obviously a lot of theeconomists are out there, is when does
the, uh, does the pain cycle come in?
Because not only are interest ratesgoing down relatively quickly, but
we also still have a lot of debt.
We still owe a lot ofcountries a lot of money.
(10:01):
Lowering interest rates doesn'timpact that interest rate at all.
And when does the bill come due?
Like when, so there, there'sa lot of those economy.
Economy challenges that are ahead ofus that I think this administration's
kicking it to, whoever's gonna pick itup next, uh, that's gonna be a little
bit of a tricky situation for sure.
(10:23):
And, uh, it definitely seems a littlespooky that it continues to happen with
potentially two more cuts by year end.
Whoa, this is steep.
Yeah, it's fast.
Yikes.
Really fast.
So we'll see, man.
Again, the lower the interestrates, the higher the prices of
almost everything are gonna be.
For sure.
And so we've, had price increaseswith the tariffs and now with lower
(10:46):
interest rates, it's gonna happen again.
Dave (10:48):
So if the markets and business are expecting lower rates in the future.
Does that mean they hold offon spending or investment?
So tariffs cause one thing, right?
Because it, it's, they're on, they're off.
They're on, they're off.
So any major investment peoplewould be like nuts to do.
Does a future rate, ' cause I'dimagine a future rate hike would be
(11:10):
like, oh, let's get in now let's getthe loans now let's start building.
Now if it's a future ratelowering, would you stall?
Like what's, I don't know.
What's the knock on effect I feel likeI need to talk to a libertarian about?
Jerremy (11:22):
I have a few, um, ultimately the short answer is
they will depends on the product.
Yeah.
Is a quick answer.
Because if you're borrowing money,there's tons and tons of ways
that you can borrow money on anadjustable rate, which most people do.
Because it's cheaper.
Dave (11:39):
Yeah.
Jerremy (11:40):
And you can borrow money right now.
And if you know that the interest ratesare gonna decrease, you get an adjustable
rate is exactly what you get, and you popinto one of those, and they can be a lot
less expensive upfront, a lot less fees.
If you're borrowing from a lender, youcan get some really good deals on those.
Obviously there's pros andcons to adjustable rates.
Dave (12:02):
Yeah,
Jerremy (12:04):
I think more cons than pros, but it depends on the markets that you're in.
And I believe as of right now, mostpeople that borrow money aggressively
are pretty comfortable with lockingin interest rates, buying down points.
Understanding that they can refinance atsome point, most likely, pretty quickly.
(12:25):
So with this particular administration,again, being very real estate
forward, I think a lot of peopleare like, let's go spend, let's
go get as much credit as we can.
Let's put on an adjustable rate and let'sgo hog wild for the next three years.
And so three and a half years really,we're just kinda getting started.
So we're gonna keep going on ball.
Dave (12:44):
I don't know.
Okay.
So, I can't decide ifthis is, I don't know.
None of this soundslike a good idea to me.
So let me put it this way.
The last few years, it's beenvery internationally focused.
All we heard was Gaza, Ukraine,Gaza, Ukraine, Gaza, Ukraine.
And I feel like nothingdomestically was nobody, like
there was nobody at the wheel.
I mean, literally there wasnobody at the wheel, right?
(13:06):
And I felt like.
We were presented two terrible candidatesand you had to choose the least worst one.
And at least one of them was saying,Hey, make America great again.
America first.
Like, that sounds good.
And yet, like the big things thatpeople talk about all the time is
(13:27):
the cost of things, the economy.
Education, healthcare.
That's another huge one.
And yet we're still talking about Ukraine.
We're still talking about Gaza.
Gaza's got, you know, way worse.
When it gets down to it it'sthat the local is not winning.
The US isn't winning it feelslike there's a malaise out there.
Am I misreading that?
Jerremy (13:49):
No, I don't think so.
Or overthinking
Dave (13:50):
that.
I don't know.
It's just, yeah it, doesanybody feel good right now?
When Tucker Carlson and CandaceOwens seem to be like liberal
heroes, you're not winning.
You know, like it's not working out.
If those two are coming around, you know?
Jerremy (14:06):
When everyone's accepting them, like, we actually like what you say.
You seem very levelheaded.
You seem levelheaded
Dave (14:12):
and reasonable.
When that's Tucker Carlson andCandace Owens, you're like, uhoh.
Jerremy (14:16):
You seem like you're very in the middle with your
discussions and your point of view.
I love this bipartisan discussionof Candace Owens and Yeah, agreed.
It's, it is very, like, is it
Dave (14:27):
weirder than COVID right now?
Are we, uh, you know, like at leastin the, in the vibe, not, not in the,
Hey, we gotta throw on masks and stayinside, but is it weirder than COVID?
Jerremy (14:36):
It's more surreal, I think.
Uh, and what I mean by that is it's almostlike we have a current sitting president
who was in the World Wrestling Federation.
Dave (14:49):
Literally,
Jerremy (14:50):
Course.
Like literally, I know, I mean,like, I know he actually was, he
actually did wwe it, it seems likewe have an administration that is
putting his best buddies, company.
Yeah.
In the front lawn of the WhiteHouse for the 250 year celebration.
Dana White is coming to doa UFC match, as you know.
Dave (15:13):
No, I didn't
in
Jerremy (15:13):
the front.
Dave (15:14):
Really?
Alex (15:14):
Dave questions the clown-show chaos of policy swings, while
Jerremy warns one leader holdstoo much sway over lives and jobs.
But if unchecked power keepsspiking costs, what's the
real toll on everyday trust?
Next—the wild White Housethat blurs the lines between
entertainment and governance.
Here we are.
We're back for more doing it again.
Dave (00:03):
We are, and we're taking a little bit of a break not on the podcast,
but on just the topic right now.
We're in the middle of thetopic of voting, right?
And that's been cranking, and wehave some really cool stuff coming
up, but we wanted to take a lookat what's going on in the world.
You know, like, what's up?
So what's up in the last week?
What's up in the last two weeks?
(00:23):
And that's our idea here.
What do you have?
What's on your mind?
Jerremy (00:27):
There's a lot going on, man.
Tons.
So I think randomly we'll drop this in.
Since very recently we werediscussing immigration.
Dave (00:37):
Yeah.
Jerremy (00:38):
But let's talk about the H one B Visa fee hike.
It was a small increase.
It's a tiny, tiny, uh, multitens of thousands of dollars.
So it's a hundred thousanddollars fee for new applicants
that starts on September 21st.
(00:59):
And it confused a lot of.
Yeah, Indian firms definitelylike, uh, like Tata Motors and
Dave (01:08):
yeah.
Jerremy (01:08):
Uh, many others.
There's probably some exemptionsthat are case by case, but that
was a pretty large fee hike.
And again I really do think the biggestsolution slash hyphen semicolon problem
that I see is that one individual personbeing the president has way, way too much
control over immigration in this country.
Dave (01:28):
Yeah.
Jerremy (01:28):
And that person gets to dictate essentially how any sovereign human being
gets to come in or out is kind bogus,
Dave (01:38):
bonkers, bonkers.
My favorite word.
Jerremy (01:41):
Yeah.
So that was big man.
A hundred thousand dollars.
That's a lot.
Dave (01:46):
I'm talking to Melissa, who we interviewed here who is
the corporate lawyer, and shetalked about this that there has,
always been a reluctance bybusinesses to do H one B visas.
That's the myth, right?
That, uh, companies love this and they'rereplacing workers, you know, American
workers with these H one B visas, and I'mlike, no, that's actually not the case.
They do want more flexibility there,but they're really expensive and
(02:09):
now they're way more expensive.
And then the governmentsets the rate, right?
Like of whatever you have to pay somebody.
So you might actually hire somebodyfrom overseas and have to pay them
more than your current uh, cropof folks that are working for you
because the government sets the rate.
And she's like where, wheredid this rate come from?
This doesn't make any sense.
And they're like, no, you've gottapay your developer like twice as
(02:30):
much as your current developers.
That's not market rate.
Mm-hmm.
So the like between, between.
Companies holding the visa, whichis like, okay, now you work for me.
You know?
Which is scary.
It's sort of an indentured servitude,the market rates not being set.
No flexibility.
(02:51):
Oh.
And it only counts for like some people.
So if you have like a world class salesperson, forget it, it's only gonna be
like, scientists and computer science.
It's only like really highlevel, college educated.
If you needed like a bunch ofpeople to like work on your
building, you're like, forget it.
They're not getting H one Bvisas to your absolute point.
This hasn't been touched since 1986.
(03:11):
There was like a little bit thatwe learned about that, was the,
the DACA stuff that Obama did.
Nothing since 1986.
The internet wasn't athing in 1986, you know?
Do you think Reagan and any of thatcrowd knew anything about technology?
Technology wasn't at theforefront of our society.
Jerremy (03:30):
Yeah.
You had just barelygraduated college in 86.
Dave (03:34):
I was not.
I'm gonna go get my cane.
Where's my, that's right.
Oh, wait.
Okay.
So I do have something funny to say.
Tell me
about being old.
Oh, let's bring it up.
When we, I wanna talk about alittle bit about Maha because
that's, when that comes up.
I was like, I actually loggedonto my pharmacy today.
I'm like, uhoh.
All right.
So we'll come back to that.
(03:55):
Let's talk about this H one B stuff.
Okay.
So what, what do you, what Imean, what else about this?
What, what's, you know,like, what, why do we care?
Jerremy (04:03):
I mean, I think ultimately that the big shift there probably
for me is really just topic of mind.
That we were talking about immigrationand that one is, to your point, it's not
like anyone stealing any American jobs.
It's like they are already aninternational warrant for more employees.
(04:27):
And uh, I just think that that was afascinating, almost out of left field
very large decision on both the financialaspect and implications of individuals
to get that, but also an interestingoutcome for the whole tariff situation.
'cause I can also see how Trump is makingthat feel like a tariff increase in
(04:47):
the sense of, hey, if you're a companyand you want more workers that are
international that are not here, pay awhole lot more money to have them and.
Uh, is that a tariff approach?
Apparently he's trying to make thathappen, or at least it seems that that's,
that's the case because he really doestruly want less international workers.
(05:11):
That's the only way that this can be seen.
Like, you can't say that you havea hundred thousand dollars H one B
and you're like, yeah, so we don'tneed international workers anymore.
Dave (05:22):
Yeah.
Okay.
Let's bring this up a level.
Does it feel like thisis a complete clown show?
Like just a clown show?
I think the first administration was,was certainly like, they didn't seem like
they knew what they were doing, for sure.
I don't think they, they believed thatthey were going to be even in office.
Now it seems like theyhad years to prepare.
(05:44):
And they brought in people supposedlythat like, knew the system and they shook
everything up like an Etch a Sketch.
And now it just, it seems likeextra clown show, you know?
Like now they're, now they're doingstuff and it's, it seems bonkers.
Uh, back to that it just seems crazy.
Like, do we got extra clown show going on?
Jerremy (06:03):
Yeah, a little bit, a little bit, I think.
But at the same case, I understandwhat he's trying to accomplish.
I wouldn't agree with it necessarily, butit does seem like that's, ultimately to me
if I was in a position of really ultimatestrong decision making, it really would
be that an individual person, AKA, thepresident will not have or should not have
(06:28):
that much sway or decision making capacityor capability over the effects of.
Millions of people and their jobsand their employment and how they
actually are processing that.
And the president's also extremelyaware that immigration is a problem.
And I think he's justhandling it the wrong way.
I don't think he's trying to fix thesolution, or create a solution and
(06:50):
actually make some policy changes thatare in reference to how immigration
can be settled faster, easier, quicker,more efficient, more effective.
It's just, hey, it'sgonna cost a lot more.
And that cost is gonna go directlyto companies that employ or
higher international workers,and that's gonna create the cost
of goods to spike exponentially.
(07:11):
Which again, back to thewhole tariff situation.
I think that's still kindof in a backwards way, his
ultimate goal of this, which.
He told us it was gonnahappen and it is happening.
So I guess he's happy with it.
Dave (07:22):
So inflation goes up.
We already, I mean,we're already seeing it.
We've seen it.
Oh yeah, we saw it two years ago.
We saw it last year.
We're seeing it again this year.
Like it's getting noticeable.
Mm-hmm.
Uh, again.
Which made people crazy last time.
It's not helping.
And then you cut rates,which happened, right?
Yep.
And that's, is that also inflationary?
(07:43):
Or is that deflationary?
I don't know, what does stagflation mean?
It means like the economy doesn'tmove and the prices go up.
Yep.
Oh, well that doesn't sound good.
And price, that sounds like that.
And prices
Jerremy (07:55):
and prices still go up.
Yeah.
That's, that also happens, right?
So the Federal Reserve, Trump hasbeen pushing for that since day one.
But, I think everyone at this pointkinda knows my stance on that.
We knew he was going to, because.
He has one goal in office and that isto increase the prices of real estate,
of which would benefit him directly.
(08:17):
So I believe with the currentrate drop or the rate cut that we
have, which was a quarter percent,
Dave (08:25):
yeah,
Jerremy (08:26):
that happens.
That's gonna come into place pretty soon.
So if anybody has an adjustable ratemortgage, they should at least feel
or notice some level of decrease here,which is definitely gonna help a lot
of individuals that are getting kindof stuck or that were stuck in the,
in the huge increase that happened,uh, over the last two to three years.
(08:46):
So that is happening, and we're gonnaalso figure out if there's gonna be
any more cuts in the future, which,which it does seem like there will be.
Dave (08:54):
Quarter point rate.
Cut.
All right.
So
Jerremy (08:58):
quarter point rate put more, more is coming.
That's an interesting thing.
'cause I'm really trying to figure outwhat, what Trump's goal is to like, how
low he wants, wants interest rates to go.
Four, four and six.
Four and 7% is really normal andthat's actually pretty healthy.
If we get back into the, whichI'm sure he wants it to 0% again,
(09:19):
man, that's gonna seem like.
We are really gonna get intoan inflationary standpoint
at that point, right?
Because with 0% interestrates, money is free.
Again, people are gonna be spending somuch more money on pretty much everything,
again, which is gonna directly impactthe cost of vehicles, housing, food.
(09:39):
It's all gonna be more expensive.
Yeah.
Again, and obviously a lot of theeconomists are out there, is when does
the, uh, does the pain cycle come in?
Because not only are interest ratesgoing down relatively quickly, but
we also still have a lot of debt.
We still owe a lot ofcountries a lot of money.
(10:01):
Lowering interest rates doesn'timpact that interest rate at all.
And when does the bill come due?
Like when, so there, there'sa lot of those economy.
Economy challenges that are ahead ofus that I think this administration's
kicking it to, whoever's gonna pick itup next, uh, that's gonna be a little
bit of a tricky situation for sure.
(10:23):
And, uh, it definitely seems a littlespooky that it continues to happen with
potentially two more cuts by year end.
Whoa, this is steep.
Yeah, it's fast.
Yikes.
Really fast.
So we'll see, man.
Again, the lower the interestrates, the higher the prices of
almost everything are gonna be.
For sure.
And so we've, had price increaseswith the tariffs and now with lower
(10:46):
interest rates, it's gonna happen again.
Dave (10:48):
So if the markets and business are expecting lower rates in the future.
Does that mean they hold offon spending or investment?
So tariffs cause one thing, right?
Because it, it's, they're on, they're off.
They're on, they're off.
So any major investment peoplewould be like nuts to do.
Does a future rate, ' cause I'dimagine a future rate hike would be
(11:10):
like, oh, let's get in now let's getthe loans now let's start building.
Now if it's a future ratelowering, would you stall?
Like what's, I don't know.
What's the knock on effect I feel likeI need to talk to a libertarian about?
Jerremy (11:22):
I have a few, um, ultimately the short answer is
they will depends on the product.
Yeah.
Is a quick answer.
Because if you're borrowing money,there's tons and tons of ways
that you can borrow money on anadjustable rate, which most people do.
Because it's cheaper.
Dave (11:39):
Yeah.
Jerremy (11:40):
And you can borrow money right now.
And if you know that the interest ratesare gonna decrease, you get an adjustable
rate is exactly what you get, and you popinto one of those, and they can be a lot
less expensive upfront, a lot less fees.
If you're borrowing from a lender, youcan get some really good deals on those.
Obviously there's pros andcons to adjustable rates.
Dave (12:02):
Yeah,
Jerremy (12:04):
I think more cons than pros, but it depends on the markets that you're in.
And I believe as of right now, mostpeople that borrow money aggressively
are pretty comfortable with lockingin interest rates, buying down points.
Understanding that they can refinance atsome point, most likely, pretty quickly.
(12:25):
So with this particular administration,again, being very real estate
forward, I think a lot of peopleare like, let's go spend, let's
go get as much credit as we can.
Let's put on an adjustable rate and let'sgo hog wild for the next three years.
And so three and a half years really,we're just kinda getting started.
So we're gonna keep going on ball.
Dave (12:44):
I don't know.
Okay.
So, I can't decide ifthis is, I don't know.
None of this soundslike a good idea to me.
So let me put it this way.
The last few years, it's beenvery internationally focused.
All we heard was Gaza, Ukraine,Gaza, Ukraine, Gaza, Ukraine.
And I feel like nothingdomestically was nobody, like
there was nobody at the wheel.
I mean, literally there wasnobody at the wheel, right?
(13:06):
And I felt like.
We were presented two terrible candidatesand you had to choose the least worst one.
And at least one of them was saying,Hey, make America great again.
America first.
Like, that sounds good.
And yet, like the big things thatpeople talk about all the time is
(13:27):
the cost of things, the economy.
Education, healthcare.
That's another huge one.
And yet we're still talking about Ukraine.
We're still talking about Gaza.
Gaza's got, you know, way worse.
When it gets down to it it'sthat the local is not winning.
The US isn't winning it feelslike there's a malaise out there.
Am I misreading that?
Jerremy (13:49):
No, I don't think so.
Or overthinking
Dave (13:50):
that.
I don't know.
It's just, yeah it, doesanybody feel good right now?
When Tucker Carlson and CandaceOwens seem to be like liberal
heroes, you're not winning.
You know, like it's not working out.
If those two are coming around, you know?
Jerremy (14:06):
When everyone's accepting them, like, we actually like what you say.
You seem very levelheaded.
You seem levelheaded
Dave (14:12):
and reasonable.
When that's Tucker Carlson andCandace Owens, you're like, uhoh.
Jerremy (14:16):
You seem like you're very in the middle with your
discussions and your point of view.
I love this bipartisan discussionof Candace Owens and Yeah, agreed.
It's, it is very, like, is it
Dave (14:27):
weirder than COVID right now?
Are we, uh, you know, like at leastin the, in the vibe, not, not in the,
Hey, we gotta throw on masks and stayinside, but is it weirder than COVID?
Jerremy (14:36):
It's more surreal, I think.
Uh, and what I mean by that is it's almostlike we have a current sitting president
who was in the World Wrestling Federation.
Dave (14:49):
Literally,
Jerremy (14:50):
Course.
Like literally, I know, I mean,like, I know he actually was, he
actually did wwe it, it seems likewe have an administration that is
putting his best buddies, company.
Yeah.
In the front lawn of the WhiteHouse for the 250 year celebration.
Dana White is coming to doa UFC match, as you know.
Dave (15:13):
No, I didn't
in
Jerremy (15:13):
the front.
Dave (15:14):
Really?
Alex (15:14):
Dave questions the clown-show chaos of policy swings, while
Jerremy warns one leader holdstoo much sway over lives and jobs.
But if unchecked power keepsspiking costs, what's the
real toll on everyday trust?
Next—the wild White Housethat blurs the lines between
entertainment and governance.
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