Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:06):
Barack Obama sucks. Look, just stay with me here, because
Obamacare is in the news. It's in the news because
nobody can afford health insurance anymore. We actually just renewed
our health insurance, that annual thing you have to do,
and it's company insurance. Should be good. It's trash. It's
so expensive. Normal people can't afford health insurance. It's awful,
(00:28):
and it wasn't always that way. But that brings us
back to the man who authored the current health care crisis,
the crisis being you can't afford it. Barack Obama is
his name, Barack Obama, who's doing the podcast circuit lying
through his teeth.
Speaker 2 (00:46):
We have blown through, just in the last six months,
a whole range of of not simply assumptions, but rules
and loss and practices that were put in place to
ensure that nobody's above the wall and that we don't
(01:14):
use the federal government to simply reward our friends and
punish our enemies, and the same things obviously happening in
the Justice Department.
Speaker 1 (01:26):
Yeah, that's the guy who sent the FBI and CIA
after Donald Trump. Also, why does he sit like that?
No man should ever sit like that. It's so feminine.
It really bothers me. But we're not going to major
on that right now. I do want to remind you
about something just the poison that Barack Obama put in
the bloodstream of this country. Mass shootings, it's going to happen.
They're the worst thing in the world. Someone shoots up
(01:48):
the school, shoots up something. It's just the worst thing
in the world. We all hate it. But there's something
that happens today that maybe you just have baked in
the cake. That's something being democrats in the media, Democrat
politicians all over social media. They will immediately when a
mass shooting, honestly, while it's still happening, they will immediately
(02:09):
start gun grabbing immediately. You see it. I don't have
to repeat it. You've seen it over and over and
over again. But you should understand was not always this way.
For most of my life when I paid attention to politics,
that's not something that really happened. If there was a
terrible tragedy, a mass shooting of some kind, politicians would
normally be real stoic about the whole thing. Maybe get
(02:32):
up and give a speech. Hey, let's all come together,
we need to pray. That kind of a thing. So
why do they all do the opposite? Now, why do
they all stand on the dead bodies and immediately start
grabbing for your guns. Well, i'll tell you why, Barack
Obama's why.
Speaker 2 (02:48):
It's not about politics.
Speaker 3 (02:57):
This is about these families, families all across the country
who we're saying, let's make it a little harder.
Speaker 4 (03:07):
For our kids to get gunned down. The fact that
that twenty six year olds were gunned down in the
most violent fashion possible and this town couldn't do anything
about it was stunning to me. And so the question
then becomes, what can we do about it? The only
(03:29):
thing that's going to change is public opinion. If public
opinion does not demand change in Congress, it will not change.
Speaker 2 (03:39):
Each time we see one of these mass shootings. Our
thoughts and prayers are not enough.
Speaker 1 (03:48):
He put that in the bloodstream of this country. Now
Democrats think it's normal. They all do it. A true
revolutionary who would never dream of just bringing thee together.
Everything was an opportunity to move the revolution forward. But
let's focus for a moment on his signature piece of legislation, Obamacare.
(04:10):
To our credit, we knew it was a disaster. The
right railed and railed and railed against Obamacare when he
was out there trying to sell it to America. And
of course we got this courtesy of maze More. They
lied through his teeth about the whole thing.
Speaker 3 (04:25):
It will actually reduce the deficit by four trillion dollars
over the long term. Reducing the waste and inefficiency in
Medicare and Medicaid will pay for most of this plan.
It will slow the growth of healthcare costs for our families,
our businesses, and our government. There will be a provision
in this plan that requires us to come forward with
more spending cuts if the savings we promised don't materialize.
Speaker 1 (04:54):
You can't afford health insurance because Barack Obama and the
Democrats pasted Obamacare. Insurance companies raking in record profits. Mind
when companies make profits, but you can't afford health insurance.
Insurance companies have record profits. And now we're stuck with this.
And I'm sorry, I can't help but think about all
(05:15):
those Republicans who ran for office, House and Senate and
President promising that they would repeal it. We will repeal it,
we'll repeal it, we'll repeal it. In fact, while Democrats
while Barack Obama was president, Democrats had control, right they
could veto things. Republicans in a House of Representatives voted
seven times to repeal Obamacare when they knew Barack Obama
(05:38):
would of course strike that down. Then after Donald Trump
won in twenty sixteen, we had the House, we had
the Senate, we had the presidency, they failed to appeal Obamacare.
Now we are in this awful situation where people can't
afford healthcare. They can't afford health insurance because the GOP
never repealed it because Democrats past it. Now Trump's out
(06:02):
there saying things like this.
Speaker 5 (06:04):
Well, I watched Obama from when this thing came about.
As you know, I have posted verse wrongly. Unfortunately, we
had a couple of negative votes, which should never have happened.
But I said it's going to be a disaster, and
I was exactly right that the premiums have gone up
like rocket ships. And I'm not just talking about recently.
I'm talking about for years. They've been going up. And
he said premiums will go down, everything will be wonderful.
(06:25):
It's horrible health insurance at a very high priced and
what I want, and probably what you're alluding to is
the fact that I want instead of going to the
insurance companies, I want the money to go into an
account for people with the people by their own health insurance.
It's so good, the insurance will be better, it'll cost less.
Everybody's going to be happy. They're going to feel like
entrepreneurs are actually able to go out and negotiate their
(06:48):
own health insurance and they can use it only for
that reason, that's only for that purpose. And if we
did that, that would be so exciting. Call it trump Care,
call it whatever you want to call it, but anything
but Obamacare. Obamacare is a disaster, just like he was
as a president.
Speaker 1 (07:06):
Okay, sounds good. Mike Johnson's out there saying things.
Speaker 6 (07:10):
Like this, we are subsidizing very wealthy insurance companies. That
is not helping costs go down. It's driving premiums up
even higher. So Republicans want to fix the broken system.
We don't want to throw good money at a broken
and failing system. And the Unaffordable Care Act has been
that since it was signed out, a law passed by
(07:31):
the Democrats alone back in twenty ten. We've got to
we've got to reduce the cost of health care and
the cost of living, by the way, and Republicans are
the ones that have the ideas to do that.
Speaker 1 (07:41):
Okay, that's good, we have ideas. Do we really, though,
are we gonna do something? Because I'm sorry, I've walked
down this road for too long. We're gonna repeal it.
We're gonna repeal it. We're going to repeal and replace it.
You say you have ideas, Scott Pssent didn't sound quite
as confident.
Speaker 7 (08:01):
Presidents also come forward with a new proposal overnight saying
it's time instead to do away with Obamacare Instaid to
have the money go directly to the people. Do you
have a formal proposal to do that?
Speaker 1 (08:11):
We don't have a formal proposal.
Speaker 8 (08:13):
But you know, what I have noticed over time is
do Democrats give all these ability or welling in names
the Affordable Care Act the Inflation Reduction Act, and we
end up with just the opposite. You know, the Affordable
Care Act has become unaffordable and the Inflation Reduction Act
set off the greatest inflation in fifty years.
Speaker 7 (08:35):
Well, I'm a little confused because the President in posting
about that overnight and into this morning, but you're not
proposing that to the Senate right now.
Speaker 8 (08:42):
We're not proposing it to the Senate right now.
Speaker 1 (08:48):
All right, Look, we need we need to do something.
We have the House, we have the Senate, we have
the presidency. I understand there are limits on what laws
we can get through the Senate don't have sixty votes.
I understand that, but it's been too long and right
now what's happening is people are sticker shocked beyond belief
for their health insurance. And Republicans need to put forward
(09:12):
concrete proposals, a law even that will help, that will
get the government out of it. And if we do not,
you know what's going to happen. Not for you or me,
but you know what's going to happen. The normies out there,
They're going to look to Democrats who will promise to
give them more money. They will. We have to do something,
get something done. But hey, it is the GOP after all.
(09:37):
Gut health. You never hear that term, Now, what about
your gut health? I always mocked it, to be honest
with you, But that's because my stomach, for almost all
of my life, can handle anything. Jalapenos. It doesn't matter.
My stomach can handle anything. But you notice something when
you turn forty four that you didn't notice when you
(09:58):
turn twenty four. There are limits. Now, what do you
do to make sure your gut is in good health?
Colostrum Cowboy Colostrum. Someone told me it's a must if
you want your gut to feel good. It's a must. Okay.
I decided to try it. Wow, and it's delicious. I
have the chocolate kind. I put two scoops in my
coffee every single morning. I have chocolate coffee Delicious. My
(10:21):
gut feels good. Go get some Cowboy colostrum for your
gut health. Go to cowboycolostrum dot com, slash jessetv. We'll
be back.
Speaker 3 (10:44):
We will keep this promise to the American people. If
you like your doctor, you will be able to keep
your doctor period. If you like your healthcare plan, you
will be able to keep your health care plan period.
If you like your or healthcare plan, you can keep it.
Nothing in this plan will require you or your employer
(11:06):
to change the coverage of the doctor you have. The
only change you'll see are falling costs as our reforms
take hold. If you like your healthcare system and your doctor,
the only thing reform will mean to you is your
healthcare will cost less. I will not sign a plan
that adds one dime to our deficits, either now or.
Speaker 1 (11:26):
In the future.
Speaker 2 (11:27):
It is a cost that will not, I repeat, will
not add to.
Speaker 3 (11:33):
Our deficits, will eliminate waste, fraud, and abuse in our
healthcare system, but will also take on key causes of
rising costs, saving billions while providing better care to the
American people.
Speaker 1 (11:46):
Well, that was all a freakin' lie. Thanks to Tom
Elliott at Graviyan for all that. By the way, Joining
me now the great doctor Aaron Carriotte, author of the
book Making the Cut Doctor. People, especially younger people, they
don't even remember what healthcare was like before Obamacare. I
remember going to a family doctor and he actually talked
to me instead of facing the computer the entire time.
(12:08):
What was healthcare like back in the day, That's right.
Speaker 9 (12:12):
And I think the folks who were around when Obama
was saying those things and believed him, perhaps voted for him,
perhaps supported the so called Affordable Care Act, I would
imagine can't help watching a clip like that and putting
their face in their palm and thinking, well, no, none
of that turned.
Speaker 1 (12:30):
Out to be true.
Speaker 9 (12:30):
In fact, the exact opposite turned out to be true.
I didn't keep my doctor, my health insurance premiums went up,
we didn't cut out the bureaucratic middleman. Those administrative costs
and healthcare of only ballooned, and I'm getting care that
feels much less personalized. So yes, there was a time
when you'd go to the physician and instead of staring
at a computer screen and checking boxes and asking questions
(12:53):
that had very little to do with your chief complaint
that were in fact dictated by outside forces, by managing
aerialist forces, whether those were coming from Medicare and Medicaid
at the federal level or enormous corporate conglomerates that had
swallowed up the local hospital or the local healthcare clinic.
People had personal relationships with their physicians not that long ago.
Speaker 1 (13:16):
Their physicians looked.
Speaker 9 (13:18):
At them, examined them, asked them questions about the thing
that they brought in to get help with. And all
of that, unfortunately has gone out the window, and doctors
are frustrated. Doctors are leaving medicine or retiring early in
droves that have stats on this. In the opening chapter
of the New Abnormal, patients are clearly unsatisfied with the
(13:38):
current status quo. So those promises were made, obviously failed
to deliver on those promises, and now we're left with
a system in which the bloat of the middleman has
grown to enormous proportions. In fact, if you take all
the people in medicine that have some face to face
(14:00):
with patients, doctors, nurses, X ray technicians, the front office staff,
anyone who looks at patient in the face and says hello,
and then you take all the people in the healthcare
bureaucracy that never have any FaceTime, any face to face
contact with the patient. However, brief, the latter category currently
has more people than the former category. So we have
(14:21):
this whole layer of unseen bureaucracy in healthcare that's enormously expensive,
and so we need to find ways to cut out
the middleman, the middleman that's working for the hospital compliance
office that's fighting with Medicare regarding reimbursement, the middleman at
Medicare who's fighting with your hospital compliance office behind the
(14:43):
scenes about reimbursement, and all the people who are not
actually contributing to patient care that are just driving up costs.
We need to find ways to decentralize our health.
Speaker 1 (14:56):
Care system.
Speaker 9 (14:59):
With federal dollars, that always comes with strings attached. We
know that, right, And so whenever you get the federal
government too involved in healthcare, and I'm not saying we
can't have it, shouldn't have any federal regulation in healthcare.
But healthcare really falls to the states to regulate, and
the federal government's role should be minimal.
Speaker 1 (15:21):
And I think we can.
Speaker 9 (15:22):
Find ways to deliver more affordable care. In the closing
chapters of The New Abnormal, I talk about some models
that are out there of direct primary care, of cooperative
programs that are competing now with health insurance programs, able
to negotiate prices directly with physicians and providers, and do
all kinds of things creative things to cut out the middleman.
(15:44):
But that requires enough deregulation that we give doctors and
small scale, localized healthcare systems room to maneuver and room
to be able to operate without being swallowed up by
the federal bureaucracy, without being swallowed up by the giant
corporate conglomerates that are currently monopolizing healthcare in the United States.
Speaker 1 (16:09):
Doctor does do these proposals, you lay out in your
book and you abnormal do these proposals? Are they possible
to do while Obamacare is still in existence? And I
ask that because I have no faith that the GOP
is actually going to be able to repeal the freaking thing.
Can we do these things while still under the burden
(16:29):
of Obamacare? Is what I want to know. We can
to some extent.
Speaker 9 (16:33):
In fact, some of them are already being done in
certain states and in certain regions, so there are creative workarounds.
These bureaucratic hurdles do not make that easy, but it's
not impossible. We need what the Czech dissidence of the
nineteen seventies called a parallel polis, basically parallel medical institutions
(16:54):
that sort of opt out of the current system. And look,
if the federal government decided to target anyone or another
of those small scale initiatives, they could certainly crush it.
If the corporate conglomerates decided to target these initiatives, they
could swallow them up and put them out of business.
But the idea of these Soviet dissidents living in the
(17:15):
Czech Republic in the nineteen seventies vak clabjavel vac Clab
benda others who wrote about this was that you create
so many of these that it's impossible to stomp them
all out, so anyone or another of them could be
targeted for elimination by the great beast. But if you
have enough of them, basically eventually they start competing with
the mainstream institutions. They circle back and start influencing those
(17:39):
mainstream institutions because they grow, you know, significant enough that
you can't ignore them anymore. I think a good analogy
for what we need in medicine is actually the homeschooling movement,
which started fifty years ago in the nineteen seventies, and
basically you were working outside the system, and back in
the day, you know, don't tell the neighbors that were
homeschooling our own kids that were taking responsibility for their education,
(18:02):
because they may call child Protective Services and literally have
us put in jail. But for decades, homeschoolers realize, no,
we can actually educate our children better than the public
school system, and we can prove that by winning the
spelling Bees and getting our kids into prestigious colleges and
doing a better.
Speaker 1 (18:20):
Job than others.
Speaker 9 (18:21):
Well, doctors are starting to prove that they can deliver
better and more affordable healthcare if they're just left alone
to do that, and so it's hard right now. It's
sort of analogous to the way the pioneers of the
homeschooling movement we're operating in the nineteen seventies. But I
would like to see those parallel medical institutions grow in
(18:43):
scope and in influence. And basically today homeschooling is now
not only mainstreamed and permitted in all fifty states, but
it has circled back and influenced the charter school movement
and to some extent even the public schools who now
have to sort of compete with other people that are,
you know, doing things better in many respects. It doesn't
(19:05):
mean that every experiment in homeschooling succeeded, just like every
experiment in creating new small scale healthcare delivery systems is
not going to succeed. But we have to let those
flowers bloom. We have to see which models work and
which don't work. Maybe there's going to be regional variations,
which which is why you need to allow for some
degree of localized control. So moving away from a centralized
(19:29):
bureaucracy toward a more decentralized system. You know, if Republicans
can do little things around the edges with deregulation and
with dialing back a little bit of the top down control,
I think creative doctors and patient advocacy groups and so
forth at the local level will have a little bit
(19:49):
more elbow room to start maneuvering and you'll start seeing
some creative solutions happening.
Speaker 1 (19:57):
Doctor concierge medicine and something I've looked into myself, and
I feel like it's something a lot of people are
going to want. But it's so expensive, now, do you
that'sarily that becoming bigger and more affordable for normal people.
So it is growing.
Speaker 9 (20:15):
Certainly it's physicians like it much better and patients who
can afford it like it much better. But as you
just pointed out, the challenge is that it's very expensive,
so it's going to be out of reach for most
ordinary Americans. But there's a model known as direct primary care,
which is sort of concierge like, but it's available for everyone,
(20:35):
and it involves physicians sort of taking control over small
group practices and cutting out the insurance company and dealing
directly with a pool of patients. Who basically subscribe to
their services in order to get healthcare that is more affordable,
precisely because it cuts out the middleman. And I think
(20:56):
some of those models of direct primary care analogous to
concierge medicine, but they're proving to be economically sustainable and
more affordable for a larger number of patients who's healthcare
premiums if they're paying for private insurance, have just gone
through the roof in recent years, as all of us
(21:17):
have probably experienced trying to even if we're employed and
our employer pays for part of our premiums, a big
chunk of our private healthcare insurance, what comes out of
our pocket to get decent insurance is often ridiculously expensive
for ordinary American families. So I'm not saying that direct
primary care is going to be the answer to everything,
(21:39):
but it's one of the models that I discuss at
the end of making the cut that's starting to gain traction,
and in many cases it's proving to be viable.
Speaker 1 (21:49):
Doctor. Thank you, as always, I appreciate it. Your cell phone,
specifically the company you use, is it Verizon? Do you
remember Arctic frost? This huge investigation going on right now.
Remember what all these senators came out and said, Horizon
just flat out handed over all their data, no must,
(22:10):
no fuss, just grabbed it and worked with the cheka immediately.
Do you have one of these big Solace mobile companies
that hate your guts, that would turn you into the
Feds and a heartbeat, why don't you switch to pure Talk.
You'll save a fortune. You're not going to sacrifice everything.
They're on the same towers. Switch to Puretalk. Veteran led
(22:33):
right now, they're giving rescue dogs to vets with PTSD.
That's my cell phone company. Go to Puretalk dot com
slash JESSETV. We'll be back all right. Well, there's very
(22:55):
clearly a shift that's happening now and you're going to
see it happening in the coming days. A shift from
the Trump administration focusing on a lot of foreign affairs,
which they've been you know, Ukraine and trade deals and
things like that, to domestic. They have heard the domestic
displeasure with the economy, and it seems like they're going
(23:16):
to focus on that. Joining me now, Carol Roth, two
time best selling author recovering former investment banker Okay Carol
the administration is going to focus domestically. Some of that
might be good, some of that might be bad. What
kind of things are they tossing out there? What is
this dividend? What?
Speaker 10 (23:35):
Well, first of all, I've got three letters for you.
T YS told you so I knew this was going
to be happened. We talked about the choreography of focusing
on affordability because that is the reason that President Trump
was put into office. It was the number one thing
that people were concerned about. So I give the administration
props for now, you know, starting to home in on this.
(23:57):
The challenge is that some of the ideas are coming
out are a little nutty, so we're going to need
to work through them and hopefully twist it and change
things around. On the tariff front, we know that the
tariffs are in front of the Supreme Court right now,
and I think to try and drum up, you know,
more support on the President's side. He is now throwing
(24:19):
out the idea of stimulus checks basically two thousand dollars
tariff freebates whatnot. Although Scott Bessant, the Treasury Secretary, has
walked that back. They're floating ideas like fifty year mortgages
to you know, keep you indebted to the bank forever.
I mean you might as well at this point have
(24:40):
two hundred dollars mortgages and just you know, keep it
in the family for a few generations. So some of
these ideas are a little wacky, but you know, we
want to be positive, we want to be optimistic, and
we want to be problem solvers. So we want to say, hey,
you know, here are the ways we can approach these
things you're talking about and make them better. On the
tariff fronts, I think the biggest gift that Scotus could
(25:04):
give the President is by striking down the tariffs but
also making them basically proactive but not reactive in terms
of you know, their non application refunding is going to
be a big issue, even though it's money that they
shouldn't have gotten and a lot of people will want
that back. From a purely you know, gift to the
president's standpoint saying you know, we're drawing a line on
(25:26):
the stand it will be a boon to the market,
it'll be a boon to the economy. And if the
President is able to let that go and refocus, then
he can start focusing on some of the different options
for affordability in lots of different categories.
Speaker 1 (25:42):
Okay, you know, we'll come back to the affordability thing.
I want you to expand a little bit on how
does this help us if the Supreme Court strikes down
some tariff stuff, how does this translate into things being
more affordable for normal people?
Speaker 10 (25:57):
Well, the tariffs are attacks.
Speaker 9 (25:59):
You know.
Speaker 10 (25:59):
You can call it a licensing fee, you can call
it an extra fee, but ultimately it's extra money that
is paid by businesses and then ultimately consumers that's going
to the government. So in my world, that is a tax,
and having more taxes is a bad thing, which I
think most of us can agree to. So if we
can get rid of the tariffs, if we can say,
(26:20):
you know, that is not in an emergency power that
you know, it doesn't match up with emergency powers these
tariffs that he is undertaking, then I think that is
a good thing because people won't have that extra cost,
businesses will have more certainty, the market will have more
certainty on policy, and it will allow the Trump administration,
(26:41):
instead of focusing on this relentlessly, to focus in other
areas which are desperately needed. So I think that's going
to be a benefit all around.
Speaker 5 (26:50):
Now.
Speaker 10 (26:51):
Certainly, even if they strike them down, he could just
you know, dig in and he could take his proposals
to Congress and try to get them to put those
into law. But if you if that path opens up,
if the Supreme Court offers the gift, I hope somebody says,
please take the gift.
Speaker 1 (27:10):
Okay, let's focus on affordability here. And I understand that
we have decades and decades and decades of idiotic fiscal
policy that has made us It's made how's it unaffordable?
Just focus on that portion of it. And so look,
if you're a populis president, you can throw out ideas
like fifty year mortgage all you want. Much as I
(27:32):
hate that idea, it doesn't fix any of the foundational problems.
Do you sense the administration is at all focused on
the foundational problems that make life unaffordable for younger people?
Speaker 10 (27:46):
I hope.
Speaker 3 (27:46):
So.
Speaker 10 (27:46):
I think that when many of us spoke out and said,
you know, fifty year mortgages doesn't fix the affordability issue,
is just basically monetizing it.
Speaker 5 (27:57):
You know.
Speaker 10 (27:57):
I think that some of the people involved in the
ministration picked up on other ideas that have been floated.
I've floated ideas. I think I've talked to you about
some of them before, like making mortgages assumable and portable,
and so some folks in the administration have said that
they are considering that as well. So that gives me
(28:18):
at least a moment of optimism to say, Okay, this
is not the only thing that they're going to consider,
and this is the first trial balloon that they're floating.
I think that one's sort of gone over more like
a lad balloon. But hopefully they will get involved in
some of the things that they can. There are certain
things that they won't be able to get directly involved,
(28:38):
you know, things like zoning issues at the local level.
But by the President using his platform to shine a
light on them, I do think he can create that
kind of pressure and then help people sort of double
down on that pressure to do what needs to be
done at the local and state level while he's doing
the things he can do at the federal level.
Speaker 1 (29:01):
Carol, what do we think about this meat packing collusion?
What did he call it? Illicit collusion and price fixing?
This is something that Trump administration has spoken out about.
I understand there is a beef shortage in the country.
Anyone who's tried to buy a t bone at the
grocery store is well aware that there is a beef
(29:21):
shortage of some kind in the country. What is going on?
Speaker 10 (29:25):
Yes, well, obviously I am not a rancher and I
don't even play one, and a great drama on television,
but obviously there are issues. And you know, it's interesting
how politicians, you know, even the President, tend to go
to big bad corporations and collusion and price fixing, and
if that's happening, they should absolutely stop that. But where
(29:45):
they never go, where I think they should go is
the deregulation and helping the smaller players in the industry.
I've heard from many people, you know, whether it's related
to ranching or farming, that there are restrictions that make
it har harder for them to do business, and we
should be making it as easy as possible for them
(30:05):
to do business and to feed the country. And so,
going back to one of the tenants that they ran
out of, the deregulation and the focus on main street America,
on our ranchers, on our farmers. Yes, we want to
get rid of collusion with the big guys, but we
want to make it easier for the small guys to compete,
and that is something that they should be focused on highly.
Speaker 1 (30:30):
Now, Carol, as we wrap this up here, the Trump administration,
at least the first time, they were pretty dagone good
about deregulation and it's something Trump does very very well.
He's big on that. Are they not focusing on that
as much this time?
Speaker 10 (30:45):
I think they got distracted. I think it should have
been the first thing that they focused on out of
the gate, as well as the making the tax code permanent.
They obviously got the latter piece of that done, but
the tear of policy enshuring some of that up, which
some part of that has actually been great. So let
me give the president props. You things like focusing on
(31:05):
rare earth elements and securing our border and national security,
like some of those things are really good and we're
really glad he did it. But I do think the
focus on tariff in some of the international trade didn't
give them as much time to focus on main street,
you know, even something like we've talked about the Corporate
Transparency Act. They haven't even come out with the final
(31:28):
rule yet. So that hasn't been codified. So they've taken
some steps in that direction, but they need to do
massive deregulation, particularly as it pertains to the things that
create barriers for small businesses in this country. We want
this country to grow and to thrive. It benefits everyone,
and that starts with the backbone of the economy. So
deregulation and helping out the little guys in a very
(31:51):
pro free market way makes all the sense in the world.
Speaker 1 (31:57):
Caeryl, I'm so glad you're with us and you're not
an investment banker anymore. Come back. So, I'm a chip man.
Everyone who knows me knows I'm a chip man. In fact,
Ab was just texting me yesterday. We have this big
Thanksgiving thing we're going to. She said, Hey, what kind
of sides should we bring? I said, some chips. I'm
(32:18):
a chip man, but I'm also forty four and the
days of walking in the gas station and getting a
bag of hot Cheetos have to be behind me. What
to do? What to do? Well, that's what massive chips
is all about. Massive chips are these wonderful three ingredient chips,
no seed oils, none of that filth. You can actually
eat them guilt free. You're not gonna feel tired and
(32:42):
fat and bloated and upsets them. No, guilt free. Oh
but they must be gross then, right, This is me.
I would tell you if it was gross. You know,
I'm not one of these health freaks. They're fantastic, fantastic.
You just now normal chips taste gross to me. I
won't try them. Big fat discount for you, massive chips
dot com slash Jesse TV.
Speaker 5 (33:14):
We also do have to bring in talent when we
got your talent, and you know, you don't know, you don't.
Speaker 9 (33:19):
We don't have talented people.
Speaker 5 (33:20):
No, you don't have you don't have certain talents, and
you have to people have to learn.
Speaker 1 (33:27):
Well, those comments are going over like a fart in
church today, and we thought we should probably talk to
Dave brad about that. Joining me now, Senior vice president
of Business Relations at Liberty University, Dave. Donald Trump is
not making many fans with his base, but those kinds
of things. He's already rolling Scott Descent out there on
the news to try to soften that landing. But people
(33:50):
were concerned, Dave. Frankly, they're angry.
Speaker 11 (33:54):
Yeah, no, they should be the America First Agenda. You know, Trump,
he's feeling the pressure sure from all sides, right, all
the corporate buddies. They're screaming at him, saying, we want
the cheap and easy route. We've had to make our
profits for Wall Street and Main Street. Sorry, Investment came
out and said it's it's Main Street's turn. And so
(34:17):
the whole country's waiting, right, I mean, they're being patient
on the wars Ukraine. We want that thing done. We
want all the wars rolled up. We want to see
this Department of Justice lay down the hammer and see
some results come on in. And so this this is
a big eie though. The immigration, the border. When you
(34:40):
shut down the border, why are you doing that? And
so you know, I think he's gonna feel some heat
on this one, Dave.
Speaker 1 (34:48):
I'm curious as to why I have my own theories.
The one that I really hope is not true is
that we have an immigration bill coming that's going to
be futrid because of our thin majority and House, and
this is Trump prepping the ground for that. I pray
to god I'm wrong about that. But tell me why
is it just what you just said? Is it his
(35:08):
big business buddies in his ear. No, no, no, no, I
don't want to pay wages.
Speaker 11 (35:14):
Yeah, well, you know, just ask yourself similarly, why are
we voting for a seven trillion dollar Biden budget again
with a lot of Democrat stuff left in it, with
two trillion dollar deficits, And the answer is because your
representatives aren't representing the people. And so same thing on
this most every you know, especially just go around the
(35:34):
horn right, go to any state with a bunch of
golf resorts and hotels and whatever, and I'll guarantee it
those congressmen and senators and women are going to be
pretty friendly to cheap labor. And they're just smacking their
own people on the head. And you know when the
president says, we don't have the talent, we don't have
(35:54):
the talent.
Speaker 2 (35:55):
Right.
Speaker 11 (35:55):
I've been in education my whole life. Because the corporate
guys are planting, you know, evergreen trees on their rooftops
and ceilings, is virtue signaling instead of investing in the
kids right down across the block from you, right in Chicago,
the poor kids. The literacy rate, the reading rate right
for the third graders is twelve percent. That's not from
(36:18):
right wing dot Com right, that's from the Illinois Public
Policy Institute. And so yeah, all these corporate guys, Oh,
we're in favor of ethics and we care, and we
got pink ribbons and we got all sorts of cool stuff.
But the kids right next door can't read. And oh,
we're for a diversity and race and gender and oh
(36:38):
all those kids across all those categories right downstairs can't read.
So you know, I'm a little cynical, but if you
want to change the country, you better teach the kids
to read.
Speaker 1 (36:50):
Dave. I understand that what we're about to talk about
doesn't necessarily apply to Liberty University, of course, but Trump
also said that we've got to have these six thousand
Chinese students. We just got to have them. It's just
wonderful for the country. And we certainly don't want any
universities to go out of business, well, the American people,
certainly the MAGA movement. We don't want six hundred thousand
(37:11):
Chinese spies. And we don't give a crap if half
the university system goes out of business. Frankly it should.
What is this is this part of the trade deal
we just struck with China? And he's just trying to
sell it. Now.
Speaker 11 (37:24):
No, this is probably you know, well, yes, yes to that.
But also in addition, the tech bros are putting huge
pressure and they're the huge donors, right, the Magnificent seven firms,
the trillionaire class. What people may not know is about
seventy five percent of the fortune five hundred CEOs are
(37:44):
democrat most all of the Magnificent seven trillionaires are leftist,
but they're big donors. And the Republicans don't have anyone left. Right,
we gave twenty percent of the economy away to Obamacare,
and so you know, it's kind of a survival thing.
You know, we don't have Hollywood, we don't have education.
(38:05):
You know, you mentioned Liberty University, et cetera. But what people,
the average person doesn't know is the Chinese students have
to sign a document and all workers here to the CCP. Right,
we don't hate the Chinese people, but the Communist Party
we don't like, and they have to sign a document
saying they're basically in essence spying as you said, for
the CCP, and so if they want to come over here,
(38:28):
I think that if the CCP would sign a simple
document saying that the CCP and the Chinese government believes
like we do, that all people are made in the
image of God and endowed by their creator with certain
inalienable rights like life, liberty, and the pursuit of happiness.
And they sign their name to that document. Hey, welcome
(38:49):
to the US of A. And tell you sign that
document saying that no way.
Speaker 1 (38:54):
Jose Trump also said this about the economy.
Speaker 5 (39:00):
This is the greatest economy we've ever had their talking points.
Of course, Sorry, by the way, the only thing is beef.
Speaker 1 (39:07):
Beef.
Speaker 5 (39:08):
Coffee is a little high because the ranchers are doing
great coffee coffee. We're gonna lower some tariffs. We're gonna
have some coffee come in. We're going to take all
this stuff very quickly, very easily. It's surgical. It's beautiful
to watch, Dave.
Speaker 1 (39:22):
I understand that, And I'm totally fine with the Trump
bluster thing. It's who he is. Frankly, it's endearing. Everything's
the best ever, the most beautiful ever, the hottest ever.
I get that. That's Trump's way. I get that. But
the economy is not good, and people recently could afford
a lot more than they afford now. In telling people
how great it is. It's a little insulting.
Speaker 11 (39:45):
Yeah, well, I've tried to counsel whoever I can up
there in the swamp that's advising the president. And I
never would have pivoted and cheerleaded that we own the economy.
Speaker 5 (39:57):
Right.
Speaker 11 (39:57):
We had twenty percent inflation in Biden's four years. Right,
that's a ratchet effect. Right, unless you get deflation or disinflation,
those prices stay there. And so we never should have
started cheerleading and said, you know, we're going to lower price.
That's the job at the Federal Reserve for the most part, right,
the price level to have stable prices. So that's the
(40:19):
inflation debate. I never would have gone there. And then
on productivity, I've been preaching for ten years. Productivity has
been going down for seventy years in a row. And
so what Trump should say is, and I give him
an a plus on this thing, the major thing that
enhances productivity and GDP growth and wages is capital investment.
(40:41):
And that's where he's crushing it, right, That's where he's
doing good. But he's got a big problem in the
short run, right, because that capital right, two trillion US commitments,
ten trillion foreign commitments coming in that'll take a few
years to get put in the worker's hands. And if
you put capital in the people's hands, they're gonna do
(41:01):
great things with it. They always have. Just think a
Henry Ford or whatever. Right, the American people are ready
to roll. And so Biden put us in the ditch.
The left has put us in the ditch. Our geopolitical
strategists missed a country called China for the past thirty years,
got it all wrong. They're our friend. You know, their
(41:22):
kids are going to be rich and become democrat you know, yuppies. Nope,
there's still communists. And so I just never would have
pivoted to, you know, saying I own this economy because
he economically he doesn't. Right, Monetary policy's got a year
lag and fiscal policies got a year to year and
a half lag once it's implemented, And so that that's
(41:43):
the truth of economics.
Speaker 1 (41:46):
Is this why he leans on Jerome Powell so hard?
Is this why he just blasts away? Obviously he's trying
to push him into something. Is this what this is
all about?
Speaker 11 (41:57):
Yeah, well that's right, because in the short run, he's
just got a few lovers. Right, So if you can
lower the interest rate, you know that'll juice things up.
And you know, there's news out today, right, I saw
the rental properties are more deflationary than we thought. It
was just bad news for the economy. But you know
that maybe there is some wiggle room to lower rates.
Speaker 3 (42:17):
Right.
Speaker 11 (42:18):
If your lower rates, the risk is to get inflation. Right,
So inflation is at three instead of two, and it
should be zero. And so if you you know, if
you pump more money out there and lower interest rates,
you get more inflation. But the you know it, I
don't have time to get into it. But the Federal
Reserve is a bunch of crooks, right, they've they've ruined
the economy since two thousand and eight with a financial
(42:39):
crisis and the bailouts and the Fed put they always
bail out, the Green Span put, bails out Wall Street
and no concern for the employment and wages of Main Street.
Speaker 1 (42:53):
They appreciate you as always, brother. All right, it's time
to lighten the mood. That was a bit of a
heavy show, so we thought it would be appropriate to
lighten the mood and remind everybody, remind you, remind me
(43:16):
that as much as we may get frustrated from time
to time with the current administration. Boy did we dodge
a bullet in November.
Speaker 12 (43:24):
I was aware of my opponent's strategy, and I wasn't
about to fall prey or fall into those traps. And
part of his strategy and those around him was to
try and take me off our gang and message. And
(43:47):
I wasn't about to be distracted by those little those
flames that he was trying to throw to get me
away from one of my highest priority, which is talking
to people about the economy and their well being in
terms of their financial well being. And that's so I was.
I understood the game that was being played, and I
(44:08):
made a decision that I wasn't gonna get played. And
checkers do.
Speaker 11 (44:16):
Just cheers.
Speaker 12 (44:18):
Yeah, three dimensional chests, I'm telling you, you.
Speaker 1 (44:21):
Know, three dimensional chests versus one other kind. I think
you know what a stable
Speaker 7 (44:35):
Mm hmmmm