All Episodes

October 30, 2025 44 mins

Bombshell information has come out regarding the Joe Biden autopen scandal. This comes as Congress has also revealed shocking intel about an FBI scandal. Jesse Kelly chats with Senator Marsha Blackburn and Congressman Russell Fry about the big news. Plus, the Federal Reserve just made a big decision on interest rates. Carol Roth breaks it down.

I'm Right with Jesse Kelly on The First TV

Pure Talk: Go to https://www.puretalk.com/JESSETV and save 50% off your first month.

Cowboy Colostrum: Get 25% Off Cowboy Colostrum with code JESSETV at https://www.cowboycolostrum.com/JESSETV

Follow The Jesse Kelly Show on YouTube: https://www.youtube.com/@TheJesseKellyShow

See omnystudio.com/listener for privacy information.

Mark as Played
Transcript

Episode Transcript

Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
We gotta we gotta rake cut not exciting. Caro Autha
joining us talk about that Marsha Blackburn, someone tried to
kill her and the FBI investigated her. We'll talk about that,
We'll talk shutdown stuff. Communists are insane. All that and
more coming up.

Speaker 2 (00:15):
And I'm right, but we must remember in a time
such as this, we are not the crazy ones New
York City. We are not the outlandish ones.

Speaker 1 (00:38):
New York City.

Speaker 2 (00:41):
They want us to think we are crazy.

Speaker 1 (00:43):
We are saying, well, what's that old saying. If you
have to say it, I don't think. I don't think
the party that things dudes can become women if they
chop their penises off, can only lay much of a
claim to be the same party. They are insane. It

(01:05):
was we felt the need to have a talk tonight.
There's a couple of things that have popped up recently.
A talk we've had before about about Democrats in the
United States of America. It's not just the aocs and
Mamdanni's and Bernie Sanders's of the world. Democrats in the
United States of America. If if we hung out, you
me say, we got a red lobster together, and I

(01:28):
sat down and I told you to your face that
I believed if I held my breath, I could turn invisible.
When I hold my breath, my body just disappears and
nobody can see me. What would you think about me?
Would you think that I was sane or I was insane?
Of course, you'd think I was insane. Why now, why?
Why would you use that word to describe me? Insane?

(01:52):
Because I I believe something that's not true, an easily
verifiable thing that's not true. It's just not true, and
yet I'm so brainwashed I've chosen to believe it. Democrats
are insane now. A lot of this is because of
the university system that has broken their brains, the media

(02:13):
that breaks their brains, Democrat politicians who break their brains.
The reason the Democrat in your life, the liberal ant
Peggy in your life, whether she's in your home or
or maybe work with her, or whoever it may be, mom, dad,
brother's son, The reason they're so angry, the reason they
constantly spew things that are just simply not true at all,

(02:35):
is because they have been bludgeoned with lies. They live
in a world of lies, and now they've lost their
freaking minds no different than beholding my breath telling you
that I'm now invisible. This is how it works. Why
are these people so angry, so miserable, taking it to
the streets, no kings, rallies well, because the system has

(02:55):
told them for years they're up against Titler. Donald Trump
is America's Hitler are unified rich. That's Hitler's language.

Speaker 3 (03:07):
That's not Americas.

Speaker 1 (03:08):
He cares about holding on the power. I care about you.

Speaker 2 (03:11):
Donald Trump is acting like a Nazi, talking like a Nazi,
and now posting like a Nazi. And by the way,
out there that hat that you keep wearing, that red
hat that says make America great again, that tells people
then you go along.

Speaker 4 (03:23):
With this, So he might well just put a swasticker
on the hat. Adolf Hitler was interviewed, and I'm quoting
from his article where he was interviewed. He said, therefore,
I say America.

Speaker 5 (03:32):
Is for Americans.

Speaker 4 (03:34):
Stephen Miller took the stage on Sunday evening and he
said America is for Americans. He is parenting the exact
words of Adolf Hitler.

Speaker 1 (03:48):
Those words have had an effect, and the effect has
been devastating for the United States of America, because now
it's not that we have just Republicans and Democrats, we
have sane people, insane people. The insane people have been
brainwashed and bludgeoned by lie after lie after lie after lie.
Now they're all anxiety ridden, angry bidders. Why they're turning

(04:11):
violence because they've been told it's h they're hither. It's
part of the reason we have this government shut down
going on. We'll ask Senator Marshall Blackburn about that in
a few minutes. But why would you shut down the government?
What's the whole point? You're not it's not even getting
you popular. The polls are not looking good for Democrats.
Why would you shut down the government? Well, you've told
Democrat voters that you're fighting against Hitler, and now Democrat

(04:34):
voters demand that you fight as if you're fighting against Hitler.
No shut the government down. And they know Democrats, no smart,
sane Democrats. If there are any politicians, they understand that
it has really put them in a bind. And you're
starting to see every now and then one will pop

(04:55):
up in attempt to turn the volume down just a
little bit. On a hero Is Pritzker.

Speaker 5 (05:01):
I haven't suggested that Donald Trump is hitler.

Speaker 6 (05:05):
I don't think any Democrat has. I actually and I
and I think it's a it's a smear that they
project back on to critics.

Speaker 7 (05:15):
But I JD.

Speaker 6 (05:16):
Vance called Donald Trump cultural heroin. He called him America's hitler.
I mean the attacks on Donald Trump as a fascist
came from three generals who worked for him. I mean,
the most brutal critiques have come from people that have
seen him far more closely than you or I combined.

Speaker 1 (05:34):
Oh, no democrat has. But this is what I'm talking about,
the world of make believe. You just two minutes ago
watched a video and we could have made that video
an hour of democrat after democrat after democrat lying hitler hitler,
Nazi hitler, Nazi hitler. And then when it puts them
in a bind, then they try to turn the volume
down a little. Well, we've never done that, and I
know one I'll do that. But this world of make believe,

(05:57):
they lie like they breathe. They have created a fake
world in the mind of the average Democrat voter who
believes Donald Trump is the spawn of Satan. And now
now they all try to run against him. It's all
they can do because It doesn't matter if you're running
for dogcatcher as a Democrat of state representative, governor, mayor

(06:18):
House senate, President of the United States of America. Your
followers have been so brainwashed. Democrat voters have been so
brainwashed to believe that Donald Trump is the sum of
all fears that they all run against him exclusively now
and it's going to put them in another bind when
twenty twenty eight comes around. Donald Trump won't be there.

(06:39):
It's just not going to be there. So what do
you do if you're a Democrat. Well, what they're doing now,
Gavin Neusan's been doing it all over the country is
again you just play pretend, you just make it up. Well,
he's running again. If you have a speaker Johnson, we
may have a third term of President Trump. I really
believe that legally that he knows that's ridiculous. But you

(07:04):
know what else he knows poll numbers. He has them
sitting right in front of him. You know what every
single poll shows, every single poll of Democrat voters. When
they pull Democrats, you know their number one issue for Democrats.
It's not the cost of living, border taxes, or abortion,
any of the other things you think you know the
number one thing Democrats care about the most, fighting Donald Trump.

(07:28):
So programmed, so brainwashed for all these years. It's all
they care about now. So if you're Gavin Newsom and
you want to be president of the United States of America,
you can't run on issues. Shoot, you can't even run
against jd. Vance or whoever the nominee may be. All
the voters care about. All Democrat voters care about is
fighting Donald Trump. So you now you've built such a

(07:51):
world of lies, you have no choice but to keep
it going. He's running again. He's running again. We got
to vote for me. We'll stop Trump. I'll be the
one who stops growing. It's all they can do, lie
about everything all the time. Now, before we move on,
talk to Senator Marshall Blackburn. I want to touch on
something Bill Gates. Bill Gates is an anti human has

(08:15):
been for a very long time. You've seen I don't
know how many pieces of video on this show of
Bill Gates talking about reducing the population, getting the population down,
of course, all in the interest of climate change. Bill
Gates trying to change is too now here.

Speaker 5 (08:33):
He was climate is a super important problem. There's enough
innovation here to avoid super bad outcomes, we have to
frame it in terms of overall human welfare, not just
everything should be solely for climate. If you think climate

(08:54):
is the only problem and it's apocalyptic, or if you
think climate's not a problem at all, well my memo
will make no sense to you. You'll be like, oh, no,
it should all be climate. Or you'll be like, why
are you even still talking about this climate thing? Why
do you invest billions of your money into these companies?
The middle position that climate is super important but has

(09:20):
to be considered in terms of overall human welfare. I
didn't pick that position because it's a you know, everybody
agrees with it. It's I think, intellectually the right answer.

Speaker 1 (09:38):
Let me explain something. Bill Gates is still an anti human.
Bill Gates has invested all that money into it because
the idea that man is changing the climate has made
him a fortune. And Bill Gates hasn't changed his beliefs
at all. But you know what, he also knows Republicans

(10:03):
currently are in charge of the government. Republicans will probably
remain in charge of the government if he wants to
remain in the good graces of the US government. Getting
all those grants and permissions and things like that. Billionaire's need.
He can't wage war on prosperity, so instead he tries

(10:24):
to backtrack it. I don't trust Bill Gates as far
as I can throw him, and neither should you. All
that may have made you uncomfortable, but I am right.
We're going to talk to Senator Marshall Blackburn. The FBI
tracked her phone, even her location, and it went deeper

(10:45):
than her. This is a really big deal to talk
to her about that. In a moment before we talked
to her. Do you know do you know one of
the ways the FBI got information on Senator Marshall Blackburn?
Did you know this? Maybe you already read it. Verizon
gave it to them. FBI illegally went to Verizon and said, hey,

(11:08):
got her stuff, phone numbers and who she's calling. You
got her stuff? You know what? Verizon said? Oh, yes, sir,
here you go. Do you have Verizon? You have AT
and T, you have T Mobile. These are horrible companies.
Pure Talk would never do that to you. Pure Talk
is led by a Vietnam veteran. They hire Americans. Pure

(11:30):
Talk is as red, white and blue as it gets,
and they would never do that to you switch your
cell phone, go to puretalk dot com, slash Jesse TV.
We'll be back. This artic frost thing. I shouldn't say

(11:54):
it's a big deal. It is. It's the biggest deal
in the world. But is it big enough? Meaning as
are people going to be going to prison for this
because they have to. We can't have a secret police
agency operating like this inside the country. Joining me now,
somebody who was most definitely targeted by this whole thing,
great Senator from the state of Tennessee, Senator Marshall Blackburn. Senator,

(12:15):
you were one of the people in the crosshairs of
the Federal Bureau of Investigation for the dastardly crime of
talking to Donald Trump. Could you break this down for
us in more detail what happened?

Speaker 7 (12:26):
You got it?

Speaker 1 (12:27):
Jesse?

Speaker 7 (12:27):
I will.

Speaker 8 (12:28):
And as you say, it is a big deal, and
it's bigger than Watergate, and it's far more expensive than Watergate.
And as we go through this, I think the American
people are going to see it. We're actually going to
do a press conference this afternoon. Here is what we
do know. Jack Smith was named a special counsel after

(12:50):
a memo was written by Chris Ray, then the director
of the FBI, saying, we think there could possibly have
been some kind of conversation between some conservative members and
President Donald Trump, and it all centers around the twenty

(13:10):
twenty election. So what we want to do is do
some investigating to see if there could possibly maybe might
have been some kind of activity. So they on April
fourth of twenty two, you have this memo written by
Chris Ray, and the next day Lisa Monico, the Deputy

(13:31):
Attorney General at the time, to Merrick Garland, the Attorney General.
Lisa Monico says, I'm signing off on this. U should too,
and Merrick Garland signs off. So then Jack Smith is
appointed as the Special Council and he starts his fishing expedition.
And what they did was despy on eight US senators.

(13:53):
The commonality there is where all Republicans who support President
Trump and had valid question about the twenty twenty election.

Speaker 7 (14:02):
It was a.

Speaker 8 (14:03):
Total phishing expedition. There is no predicate for them doing this.
They went to a judge, they got a subpoena, They
go to our wireless carriers.

Speaker 7 (14:13):
Now AT and T moved to quash and they challenged
the subpoena and Jacksmith's people back down.

Speaker 8 (14:20):
Verizon, my carrier, did not, and therefore they turned over
the records of every call I either made or received,
who the call was from, the duration of the phone,
the call, the number of the phone, and the physical
location where I was standing when I either made or

(14:43):
received that phone call. It is an invasion in a
violation of my First Amendment and Fourth Amendment rights, the
Speech and Debate claus the Separation of Powers, and also
the Stored Communication Act.

Speaker 1 (15:01):
Senator. Obviously, we want to live in a country where
everybody's treated equally under the law and whatnot. But also
I'm understanding that you have a bit more of an
important job than I do to do this to United
States Senator, it's so brazen. This has to be criminal, right,
And I don't want to sound naive because I understand

(15:21):
you said a judge signed off on it. But we
are supposed to live in a system where this kind
of thing can't happen. Even if you have a scumbag
in charge of the FBI or Lisa Monico doing the
things of Lisa Monico has always done. There should be
laws that stop this. Why weren't there that.

Speaker 8 (15:37):
Stop this and it is a violation, and yes, it
is a criminal and that is why my colleagues and
I have written to the current AG Pambondi and have
asked for a referral of Jack Smith to the Office
of Professional Conduct at the DOJ. It is also fan

(16:00):
Pttel didn't waste any time. He fired every single one
of these staff attorneys and staff members that were part
of that CR fifteen unit that worked with Jack Smith.
And it's also why I've written the DC bar with
a letter of complaint about Jack Smith. He should be

(16:21):
disbarred and he should be prosecuted to the full extent
of the law, along with every member of his team
that carried this out. And we know that they have
also spied on over one hundred conservative organizations.

Speaker 7 (16:41):
And here's the thing.

Speaker 8 (16:42):
If they're going to do this to eight citing US
senators senators.

Speaker 7 (16:47):
And it is unlawful to.

Speaker 8 (16:49):
Do this, then what are they going to do to
conservatives all across this country that do not share their opinion?
Or if you have some FBI field office that has
somebody in it that doesn't like a member of a
somebody in their community or a member of their church

(17:12):
or the family of somebody that's in an elected office.
Think about the power that they have to just really
wreck people's lives. We need one tier of justice, Lady,
justice is blindfolded. It should be equal access, equal treatment,

(17:34):
equal justice. And the Democrats carried out weaponization of the
DOJ and the FBI. They carried it out against us,
and we are going to get to the bottom of it.

Speaker 7 (17:47):
So we end this.

Speaker 8 (17:49):
No one, no Democrat, Republican, independent, Green Party, whatever, no
one should be subject to this kind of treatment.

Speaker 1 (17:59):
What about Christopher, You can't use the Federal Bureau of
Investigation as your little plaything to help Democrats out and
attack Republicans. That is honestly that that is a crime,
in my opinion, that is worse than murder. That is
maybe the worst crime in the United States you can
commit because of the power that comes with the position.
When does christopherra go behind bars?

Speaker 8 (18:19):
Well, and he is someone that we will bring forward
in our hearings, and we've got a meeting as to
how we at Judiciary Committee are going to move forward
on this. If we're going to compel people or end
up subpoena wing people to come before us and have
them under oath but the fact that he's the one

(18:40):
that wrote the memo that got Arctic Frost started. He
wrote the memo and the language in it, and it
is on my social media, Marshall Blackburn, and it's also
on our Blackburn dot Senate dot gov website. People can
pull it up, they can look at it and read

(19:00):
and just see how nebulous a lot of this language is.

Speaker 7 (19:05):
And how wide ranging.

Speaker 8 (19:08):
He wrote it so that you could scoop up people
and then go scrape information and try to get a
subpoena and get their phone records and then try to
track everybody they were talking to and how long they
were on the phone with that individual. And if they
call person A and talk to them, then did they

(19:29):
call person B? And then did they did they call
person A back or did they bring in person C?
And then I mean and where I was physically located
and I was I at home. This is just one
of those things you say, how could something have been
this invasive and this intrusive and they think they're going

(19:53):
to get by with it, And you know what, had
Kamala Harris won the election, we would never know how
weaponized the Department of Justice and the FBI was not
only under Joe Biden, but under Barack Obama.

Speaker 1 (20:12):
Senator shifting gears away from this, did someone try to
kill you?

Speaker 8 (20:19):
Well, yes, we have someone who has is on house
arrest at this point. That really is about all I
can say about it, because it's gone to a grain jury.

Speaker 1 (20:33):
Okay, all right, then I'm not going to ask you
to ruin that whole thing. Let's shift gears to this shutdown.
I don't see how it ends. The Democrats know it
has to end, but their base is going to freak
out on them if they end the freaking thing. It
seems like they're stuck.

Speaker 8 (20:52):
I Chuck Schumer had planned this shutdown for months. That's
why it's the Schumer shutdown. Basically, the Democrats decided to
go on strike and closed down the federal government. It's
like they're fill of bustering moving forward on appropriations bills,
even though they're saying they're shutting down the government because

(21:13):
they want to get some things done on healthcare. Well,
as you know, Jesse, you can't talk about what is
going to be covered by federal appropriations unless you are
working on.

Speaker 7 (21:25):
The appropriations bills.

Speaker 8 (21:27):
So they shut down the government because they say they
want to work on healthcare, but you can't do it
because the government is shut down. So the whole thing
is ridiculous. And now we're up against the deadline with
Snap benefits. They run out on Saturday, November first. People
are going to swipe those EBT cards and there will

(21:48):
be nothing there. So in Tennessee, we've been talking to
a lot of the food banks and elected officials and
people that are involved. Churches are doing food drives for
some of the food banks, and we know that people
are stepping up to fill the gap. We've got about
seven hundred thousand families across the state that are receiving

(22:13):
their Snap and Wick benefits.

Speaker 1 (22:19):
Senator, thank you as always, ma'am. Stay safe out there.
You know what you need. Your belly needs some colostrum.
Do you know why you need some cowboy colostrum in
your life? Make you belly feel better, That's what it
does for me. I was told about colostrum. I don't
even know what it was. This last summer. I was

(22:40):
told about it by my sister. You gotta try colossrum,
I gotta try colomberus. Why why I didn't want to
hear it? Said? Oh, you're not going to believe it.
You're not going to believe how much better you feel,
how much better your stomach feels, your digestive system works
as our So I asked around, what's the best colostrum?
What's the cowboy colostrum? Everyone kept telling me. So I
started putting a couple of scoops on my coffee. I

(23:02):
have the chocolate, they have vanilla and strawberry, then mix
it and whatever I put it in my coffee in
the morning. Wow, what a difference. Go try it best
I've ever thought. Honestly, the best my stomach is felt
in probably ten years. Cowboycolosstrum dot com use the code
Jesse TV. Save you a bunch of money, We'll be back.

Speaker 3 (23:32):
Was the number one issue in the campaign, the president's
business or his age?

Speaker 7 (23:43):
Do you often would confuse names?

Speaker 3 (23:45):
Do you think it got worse as he knew.

Speaker 7 (23:48):
Yes, we talked about age.

Speaker 4 (23:50):
We knew it was an issue, and we tried to
design a strategy.

Speaker 2 (23:55):
We had a discussion at the senior advisor level about whether.

Speaker 7 (24:00):
The president should have a cognitivic Sam, were you ever told.

Speaker 3 (24:03):
To lie about the president's health the advice council, I, mister,
expectfully declined to answer.

Speaker 5 (24:07):
Based upon the physician patient privilege and in reliance, am
I right under the fifth mand of the Constitution.

Speaker 3 (24:12):
Let the record reflect that doctor O'Connor has invoked the
Fifth Amendment right against self incrimination. Doctor O'Connor, did you
ever believe the president was unfit to execute his duties
as president?

Speaker 8 (24:24):
And we can tell you that he will have the
same answer with respect to any questions that are asked.

Speaker 3 (24:30):
Did any unelected official or family member of President Joe
Biden execute the duties of the presidents that did Joe Biden,
a member of his family, or anyone at the White
House ever instruct you to lie regarding his health on.

Speaker 1 (24:43):
The Advice and Council?

Speaker 7 (24:44):
I respect him, declined to answer. The questions are soon
to my fifth amend or ascent of the Constitution.

Speaker 1 (24:50):
Okay, so they all lied, and we didn't have a
functioning president for four years. Joining me now, Congressman Russell
Fry from the wonderful state of South Carolina. Congressman. Okay,
so we didn't have a president for four years. They
covered up obviously for him. Was it criminal? Because these
sound like crimes against my country. This isn't supposed to
be able to.

Speaker 9 (25:10):
Happen well to me, Yeah, I mean the people you
know installed if you will. Joe Biden, he was presumably
the president of the United States, and for four years
they hatched a plan to conceal his mental fragility. They
were so meticulous about his public appearance as even casual

(25:32):
gatherings with five people were done with teleprompters. They limited
his amount of the amount of steps that he could do.
You have a doctor in the White House that was
politically connected to Joe Biden who did not do a
mental evaluation, who sat in on meetings with senior officials
on how to handle the public outcry for President Biden

(25:53):
to receive a mental evaluation and how to dance around it.
And what has resulted in that is nobody seems to
know who was running the show. You've got pardons that
are being issued via auto pen based on a senior
level White House official sitting at home and emailing a
junior staffer at the White House who forwards it to

(26:14):
the autopen department.

Speaker 1 (26:15):
I guess.

Speaker 9 (26:16):
And so it really was a four year cover up
of an American president.

Speaker 1 (26:22):
I want to drill down as much as we can
on the nobody knows who was in charge, because there's
always somebody in charge, right, I mean, are we talking
ron Klain here? Anita done? We can't seem to get
her tentacles out of our government at any level. Who
do we think was saying gay nay? Was it possibly Jill?
Someone had to be signing off right well? Correct?

Speaker 9 (26:46):
And one of the witnesses of the fourteen that were
interviewed by the Oversight Committee have pled the fifth on
the question was it senior White House officials or members
of the family. Did they ever or form any executive
level functions? And so there's still a lot that we
don't know. But again, somebody is calling the shots. And

(27:06):
the damning thing about this, at least with the pardons,
is the president, under the constitution, has the authority. Nobody
else has the authority to issue pardons, but the president does.
You cannot delegate that authority, and even if you could,
there is no affirmative stance or written statement by President
Biden delegating that authority. What looks like junior level staffers

(27:30):
and maybe even senior level rubber stamping pardons they as
they whisked through the White House. So there is some
clarity obviously senior White House officials were heavily involved in
the cover up of Joe Biden's mental state, and we're
running the country. But in my mind, my suspicion is,
and it's probably confirmed as well, that you have family

(27:51):
members and high ranking officials that stood to gain monetarily
if he won the White House again and who were
absolutely aged in executive level functions that the President was
unable to perform.

Speaker 1 (28:07):
Congressman, I don't like to give people false hope. I'm
sure you don't as well, and I'm glad we're getting
to the bottom of these things. But for the pardons,
for instance, thousands and thousands of pardons, everyone remembers how
shocking it was his own son. If it turns out,
if we ever do get confirmation, which I'm doubtful of,
that Joe Biden had no idea he was jeweling on himself,

(28:27):
that it was this staffer who did it. Can they
be undone or is this genie out of the lamp
and he ain't going back here.

Speaker 9 (28:35):
Well, I think this is an interesting question, a legal
question for the courts, and that's probably where a lot
of this I would imagine would end up, is if
the President did not in fact have the mental acuity
to know who he was pardoning, or if a staffer
issued the pardons, is it effective, does it comply with

(28:56):
the Constitution as it is written, And so I think
that the courts are probably going to have to flesh
us out. But even in the district that I represent,
there were two murderers that were pardoned without any consultation
to the family. They had no idea that it was
even coming. And so we're seeing this play out in
real time across the country, both in the hard and

(29:16):
criminal cases like the ones in my district, or even
his own family. But the question is what did he know,
and what did he know and how much mental ability
did he have to know who he was actually pardoning,
at least in terms of members of his family. But
some of these other crimes, obviously it looks like it
was a total autopen operation done by White House staff.

Speaker 1 (29:39):
All right, let's move on to Arctic frost, because the
House Judiciary continues to uncover more intel and Congressmen, look
not putting words in your mouth when you look at
the witch hunts of people on the right done by
several FBI field offices. I'm sorry it's very difficult to
justify the continued existence of the Federal Bureau of Investigation.

(29:59):
This is beyond people have to go to prison for this.

Speaker 9 (30:02):
No, it's it's it's wild to me. This. We all
remember Lois Lerner in the I R S and the
scandal involving the I R S targeting conservative groups Arctic
Frost makes this look like child's play. I mean, this
is absolutely one of the biggest, one of the biggest
fraudulent investigations targeting people based on their political beliefs. Turning point,

(30:23):
USA was targeted US senators, members of the House of Representatives. This,
in every which way, from what we can see right now,
was a taxpayer funded partisan witch hunt.

Speaker 1 (30:37):
Congressman, let's talk about Liz Cheney and Benny Thompson and
Jack Smith. There are allegations, I'll put it that way
out there, that they were colluding on all this nonsense.

Speaker 9 (30:48):
What do we know about this, Well, at least from
what we can tell that seems to be true. Obviously,
Liz Chaney was partisan in her investigation on the House
use seemed to be backed up. And then Jack Smith,
of course was handed the keys to the kingdom based
on a referral, and he was appointed special council to
go after and target and use. Look, I mean the

(31:11):
wild thing about this is this isn't something that was
uniquely him either. Senior members of the Justice Department, including
Merritt Garland himself, had to sign off on the surveilling
of US senators and congressmen because at this point it
would be considered a high profile case. So these senior

(31:31):
executive officials, executive branch officials signed off on the surveillance
of all these groups. And of course we know from
its very inception that it was partisan driven. And that's
the dangerous part of this. This is what we fought
against in the last Congress, against the weaponization of our government.
And now that we have you know, Cash, Bettel and
Pambondi and others in the White House and in these agencies,

(31:56):
we're learning more troubling things every day. This is not
who our country is. And I think that's the challenge
that we that we undertake as Republicans, is we sanction
foreign countries for activities such as this, But you have
a president in the White House, presumably in the White
House Joe Biden, who is who is allowing partisan investigations

(32:20):
based on what people believe. This is not who we
are in the United States of America.

Speaker 1 (32:27):
Where are we out on the shutdown? I said yesterday,
it seems like Democrats have the tigers by the years
on this if Republicans won't cave like they usually do.
But they don't appear to be caving now. Democrats are
really stuck between a rock and a hard place. How's
this end? When does it end?

Speaker 9 (32:44):
When? Is a question of when does reality set in
for the Democrats. Polling is not going well for them.
The American people understand that when you vote, know that
you're not voting to keep the government open. They've gaslet
the American people on Biden's mental capacity, on the status
of the border. They don't believe the Democrats, and they

(33:05):
don't believe what they're saying. And this week you've had revelations,
you know, the unions, the public the public employee union
switch and say, pass a clean continuing resolution. Pay the
people who are working as air traffic controllers or FBI
agents or our border patrol, pay them, pay our military.
We need them to be paid. So they flipped on

(33:27):
the Democrats, and they just don't seem to be. I
would say they don't seem to be in sync with
their messaging. They're all over the place, and even on
legacy media, which is no friend of Republicans at all,
they seem to be calling them out too. So I
think they're losing in a lot of ways. The question
is when do they want to deal with this pain

(33:49):
from their own base that doesn't want to work with
President Trump in any fashion. But the reality is that
you know, there are people that are on snap. There
are people who are serving our Cory and a variety
of capacities, including the military, who will not get paid
starting November first and even before, and that is a
real problem for them. When these phone calls start raining

(34:12):
into their office. What's going to happen? I think eventually
they fold.

Speaker 1 (34:18):
Congress, I wanna appreciate you. Come back soon. The economy,
we had some news today, kil Roth will break it
all down for us. Next. The Feds cut interest rates

(34:39):
and that's really good because I really don't want you
paying seven percent for a house. Joining me now, the
great Carol Roth, two times best selling author Recovering investment banker. Hey, Carol,
why they cut rates?

Speaker 6 (34:52):
Well?

Speaker 10 (34:52):
I think they cut rates because they should have cut
rates a long time ago when they were behind on
doing so, and so now they're playing a little bit
of catch up. They did it in a way as
to try to not spook everyone from the stock market
to the consumers by doing a quarter of a percent
or twenty five bases points cut instead of the fifty

(35:13):
basis points that was wanted by Trump appointee step as
Stephen Myron. But I think that they've been playing catch up.
They know that they have been too restrictive, and they
also know that by lowering their interest rates it was
not going to unleash some crazy amount of inflation, given

(35:34):
that we've been through fifteen years of zero interest rate policy,
and for the fact that we you know AI that is,
you know, messing with jobs and things like that. So
I think that, you know, that's an important thing. The
other thing that's important, Jesse, that is kind of in
the weeds, is that they decided to stop, as of

(35:54):
December first, the runoff of their balance sheet. So normally
the securities that they have put on their balance sheet,
when those have come to the end of their term,
they would just let those expire. Now they're going to
go back in the market and rebuy ones to replace those.
So that is also considered more accommodative, looser policy, and

(36:17):
is consistent with you know what we're seeing out of.

Speaker 1 (36:20):
This cut, Carol, I needed to break that down for
dumb people. What does this mean? Run off on the
balance sheets? People like me who went to community college
don't know what this means.

Speaker 10 (36:31):
So you may have heard of the term QE that
happened right after the Great Recession, financial crisis, that happened
during COVID, and this is policy of the Fed that
is meant to be accommodative, to put more capital into
the economy to generate some growth and to support it.
It's considered to be accommodative or dubvish. This is the

(36:55):
opposite quantitative tightening is when they say, well, you know,
we'd put all this these securities on our balance sheet.
Now we're going to do the opposite, and we're going
to tighten policy. And you know they have now said, okay,
instead of us, you know, tightening policy, we're now going
to move back to a looser standpoint. So we're just

(37:17):
now seeing a shift in terms of their policy back
to things that are more accommodative, which is that signal
that they are concerned about probably the employment side of
their of the mandate, that they're worried about what the
employment situation may be like, and they don't want to
be in a situation where the economy is sputtering and

(37:37):
it's their fault.

Speaker 1 (37:40):
Carol, talk to me about the affordability of homes. It's
not that I think everyone should own a home. That's
not some people's lifestyle. But it would be nice if
homes were as affordable as they were back in the day.
Why aren't they? How do we get back to there?

Speaker 10 (37:55):
Yeah, this is horrendous, Jesse, because you know, the home
is the physical manifestation of the American dream. When we
think about it, it's, you know, the house with the
white picket fence. And there's a reason for it, and
that is the home, across demographics is the largest asset
on people's balance sheets. And the reason that's the case

(38:16):
is that it's really hard to trade in and out
of a house like it is a stock or other
investments if things are going in you know, one direction
or the other. So it creates that discipline. You're almost
forced to build equity in a home, and that's you know,
really helped families throughout the country. However, over time, we
have seen both government and FED policy that has shifted things.

(38:40):
In the past, you might have had a period where
home prices were reasonable but interest rates were high, or
the opposite. In this particular case, we have a situations
where we were dealing with higher interest rates as well
as higher housing costs, and that has put affordability out
of reach, as well as ongoing maintenance costs and carrying costs,

(39:01):
because even if you can afford to buy a house,
you may not be able to afford the property taxes,
you may not be able to afford insurance, you may
not be able to afford other things that go into
maintaining a house. So it's become a big issue. I
think there are a number of policy changes that we
can make for young people. One of the things that

(39:21):
is really hurting them is so many of them have
this ridiculous college debt five and six figures. That is,
you know, put no return on investment back to them
on their personal balance sheets. So getting the government's the
largest predatory lender in the country, out of college lending
and making the colleges right size their investments or their

(39:44):
costs so that we can get an investment because we're
seeing a wholesale transfer of wealth from young people to
college administrators. I think that we can also create incentives
for things like building smaller homes, because if you look
at the median sized house in the nineteen fifties, it
was under a thousand square feet and now it's almost
double that. So, you know, having incentives for builders to

(40:08):
actually build something smaller, which is more of a pain
in the behind for them, and you know, they don't
make as much upfront, so we're going to need to
incentivize that could be a good thing. And then of course,
you know, we want to find a way to have
people stop selling their homes to corporate buyers and selling
them to individuals, particularly corporate buyers that are going to

(40:31):
take those homes out of inventory and rent. You back
the American dream. So there are a lot of different
policies and things that we can do to change this.
I think that you know, this is changing in some
parts of the country. You're seeing some shifts, and I
think in you know, maybe fifteen twenty twenty five years,
you're going to see a change, probably because the boomers,

(40:51):
you know, will give up their homes, either on purpose
or not on purpose. But for the time being, that
doesn't help people who want to get to homes now,
and that is something that we should be focused on
because we can't have the haves and the have nots,
and you know, not have the American dream available to
young people and older people in this country.

Speaker 1 (41:14):
Carol, you have a great article out in The Blaze
called why does the administrative state hate people who work
for a living? So? Why do that?

Speaker 10 (41:24):
I mean, that's the multi trillion dollar question, isn't it,
Jesse the focus of this particular article. There are a
lot of reasons why the administrative state hates working people
and people who threaten their power and they just want
to wield their power over everything. But this was specifically
in relation to the Corporate Transparency Acts Beneficial Ownership Information Rule,

(41:47):
which you and I have been talking about for a while.
Really great the Trump administration, they are you know, focused
on small business owners, people who are creating the jobs
in this economy, the backbone of the economy, and they
came out with an interim rule that said, you know,
this crazy financial crimes database that small businesses had to

(42:08):
report to if you were a US based business or
US based individual you no longer had to report. The
problem is that was only an interim rule, so it
means that any other administration could come in and change
that if it wasn't codified by Congress. But Congress is
not going to go ahead and codify it unless they

(42:31):
get a final ruling. And the administrative state, you know,
at Treasury at finstend, they have asked for comments and
that comment period I think was done at the end
of May, so there's no good reason for them to
not come out with that final rule to allow Congress
to actually formalize this and make it permanent. The other
thing is that millions of small business owners already put

(42:54):
their information into this database and are very concerned about
what's what that's going to be used for, concerned about hacking,
whether internally or externally, so they want their information purged.
And again by the administrative state blocking the finalization of
this rule, you know, that is again impacting small businesses.
So if we want this country to survive, we need

(43:15):
the backbone of the country to be healthy, and this
is a very easy thing they can do.

Speaker 1 (43:21):
Kel thank you, ma'am. All right, lighten the mood next,
all right, it's time to lighten the mood. And uh,

(43:42):
just a year ago today, and we had a president that,
instead of talking lovingly about America, got up and said this.

Speaker 3 (43:50):
Or Puerto Rico, where I'm in my home state of Delaware.
They're good, decent, honorable people.

Speaker 5 (43:55):
The only garbage I see floating down there is just supporters.

Speaker 11 (44:03):
And I just want to remind you the circumstances around
that Dome was running for president and they had Joe
Biden tucked away in a closet. Hey, Joe, just don't
say anything, because every time he spoke, he says something
dumb that would hurt him and the Biden administration.

Speaker 1 (44:18):
Joe Biden's family started getting mad about it. Hey, you
should let me out there. I'll be campaigning. I'll be
really good. Let me out there.

Speaker 11 (44:24):
In his first interview, he goes out and calls half
the country garbage.

Speaker 1 (44:29):
Anyway, Dome didn't win. Lightens my mood. See them all
Advertise With Us

Host

Jesse Kelly

Jesse Kelly

Popular Podcasts

Dateline NBC

Dateline NBC

Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com

Stuff You Should Know

Stuff You Should Know

If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.

Music, radio and podcasts, all free. Listen online or download the iHeart App.

Connect

© 2025 iHeartMedia, Inc.