May 13, 2025 • 45 mins
President Trump just announced a historic executive order, taking on the Big Pharma lobby in the process. Jesse Kelly reacts to this big move alongside Jeffrey A. Tucker. This comes as Trump also made a big deal with China on tariffs and trade. John Carney of Breitbart is Jesse's guest to break that down. Plus, Trump solidifies himself as a peacemaker. But it's not all good news for Trump, who just made a big mistake. Jesse Kelly breaks it all down.
I'm Right with Jesse Kelly on The First TV | 5-12-25
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Let's talk about untying knots, draining the swamp. Let's talk
about foreign policy things, Washington, d C. Donald Trump just
took on a lobby there. All that and more coming up,
I'm right now. Let's talk about the system, the swamp,
(00:28):
draining the swamp. Let's talk about all this because we're
all going through something here, all of us. I'm going
through the exact same thing you're going through. We're all
doing the same thing right now. Donald Trump won an
election in November. We're excited about that. Happy, couldn't afford
all that. Yeah, but we didn't want Trump to be
(00:49):
there just to be there. Right. You have things you
want him to do. I have things I want him
to do. And one of the things that's central to
most of us on the right is and stopping the
terrible corruption inside of Washington, d C. Obviously, that's that.
Draining the swamp is what most people call it. We've
(01:11):
called it that here. But the system, the criminal enterprise,
whatever it is. So let's discuss that, what's happening, what's
not happening, reality versus what we wish that. Let's talk
about it. For instances, think about a knot. I'm talking
about the worst not you've ever had to confront. You're
(01:32):
thinking about it. Maybe it was a bunch of wires
or one wire, choo, strings, chords something. At some point
you're like, maybe fishing. If you're fishing, you've encountered it.
At some point you've encountered a knot. That is a disaster.
Now why is it a disaster? Time? Over a long
(01:53):
enough period of time, this mixing with this and that
and this that, the NT just got worse and worse,
tighter and tighter and tighter over time. The longer it
was festering, the worse it got. Now, how do you
want to tie it with time? That's the truth. Draining
(02:16):
the swamp is going to take a lot of time,
because creating the swamp took a lot of time. We
didn't get to this place of corruption as a country
five years ago. You know, it didn't start under Joe Biden,
although he may have made it all worse. It didn't
even start under Barack Obama. Decades and decades of neglect
(02:38):
by US the public and evil deeds by people in Washington,
d C. Has created this not that may seem impossible
at times, Well, I don't believe it is impossible. I
will tell you this just right between the eyes. It's
going to take time, and it's going to take a
(02:58):
lot of effort, focused, ongoing effort. We're not going to
be able to look at it and just solve it
with one election. That's not how it works. For instance,
let's talk about the Epstein stuff, because that's probably a
priority one for a lot of people. Jeffrey Epstein, as
you already know, billionaire financier, famously was involved with underage
(03:23):
sex trafficking, just the grossest stuff you can possibly imagine.
And he wasn't doing it alone. He was friends partners
with a lot of the wealthiest, most powerful people on
the planet. We don't know who exactly did what, but
we know for a fact that, for instance, he was signed.
(03:44):
It's public record he was signed into Bill Clinton's White
House multiple times. Jeffrey Epstein famously has well had I
guess a painting of Bill Clinton a really weird when
he's in a blue dress. It's odd. Jeffrey Epstein was
friends with Bill Gays. We know his wife gave an
interview where she blamed their friendship as part of the
(04:08):
reason she divorced him. Very interesting, right, So again, we're
talking wealthy, powerful people, royal family members, and so you me,
I would like to know who these people are. If
you were abusing women, especially under age ones, but really
any age, if you were abusing women and children, I
(04:30):
don't care how much money you're worth or how powerful
you are. I believe you should be brought to justice
just the same way anyone would. And so we're very
interested in that Epstein list. Now, Cash Mattel, head of
the FBI, gave a little update on it.
Speaker 2 (04:44):
Did Jeffrey Epstein shell or did somebody go on.
Speaker 3 (04:49):
Center I believe in himself in a cell in the
Metropolitan Tention Center.
Speaker 4 (04:54):
Are you going to release all the information about that center?
Speaker 3 (04:58):
We are working through that right now with the Department
of Justice.
Speaker 4 (05:00):
When you think you'll have it done, Cash, uh, I.
Speaker 3 (05:04):
Think in the in the near future, sir, Like before
I die. Center we are, we are, We've we've been
working on that, and we're doing it in a way
that protects.
Speaker 1 (05:20):
Victims. Okay, Well that was about as non committal as
non committal can get. So what's at play here is
Cash Patel using his role with the FBI to protect evil,
powerful sex traffickers. I doubt that very much. That's not
his reputation. I don't know Cash Pateel, but he has
(05:41):
an excellent reputation. I doubt that. So what's really a play?
Are they really protecting victims? Maybe? Do keep in mind
it's a very very dangerous thing to have damaging information
on wealthy, powerful men. It can be very hazardous to
your health, as you are well aware. Maybe they are
protecting victims, maybe the wealthy powerful men who are about
(06:06):
to be exposed. Possibly maybe they have outstanding thousand dollars
an hour attorneys who are mucking up the whole process. Maybe,
maybe maybe there are people on that list who didn't
commit any crimes or necessarily do anything wrong. Remember this
was a billionaire financier with a private jet. Somebody came
(06:26):
to you with a potential business deal and said, I'll
send my private jet along. Would you hop on? Would
you do all the vetting of him first? Probably not.
I don't know that I would you are fer me
a private jet? Maybe somebody wrote on that jet you
didn't do anything wrong, didn't touch anybody, didn't hurt anyone.
I don't know now, I don't know, but I guess
that's the point of this entire conversation when it comes
(06:47):
to the system in the swamp. And there are many, many,
many things we don't know, things we want to know,
some things we'll never know. But here's what we do know.
We know. But the corruption of Washington DC is years
in years and years in the making. We have a
(07:08):
bad not to untie, and electing Donald Trump for four
more years is not going to get the job done.
It helps, it's a lot better than electing Dome. It helps.
But even if he was perfect, and he's not and
nobody is. But even if he was perfect, you can't
undo decades of Washington DC corruption walking in there for
(07:33):
your final four years of president. That's not how it
works at all. Remember Ed Martin, this was the story
from last week. But it's kind of a big deal.
The US Attorney the DC court system is one of
the most evil court systems on planet Earth. I am
not overstating that at all. I don't care where you go,
(07:54):
North Korea, Russia, Iran. I don't know that you can
find a more biased, evil court system than the one
in Washington DC. That court system is the reason all
these nonviolent January six ers were charged with things like
terrorism and thrown in cages because you can convict any
Republican of anything there. You can't get a Democrat conviction
(08:14):
because they're all communists. And you can convict a Republican
of anything, I've spitting on the sidewalk, They'll throw them
in prison there. And that DC court system, it is
in many ways the enforcement arm and protectorate of the swamp.
So Trump wanted Ed Martin. Ed Martin's good man. We've
interviewed him here on this show before. Ed Martin wanted
(08:34):
to drain the swamp. Tom Tillis, Republican Senator, stopped it.
Stopped at Martin. So Trump came out last week he
said this, he.
Speaker 5 (08:45):
Wasn't getting the support from people that I thought. You know,
he's done a very good job. Crime is down twenty
five percent in DC during his period of time. I'm
very disappointed in that. But I have so many different
things that I'm doing with the trade. You know, one person,
I can only make boom, I can only lift that
little phone so many times in a day. But we
(09:09):
have somebody else that will be great. I just want
to say, Ed is unbelievable, and hopefully we can bring
him into whether it's doj or whatever in some capacity
because really outstand it. To me, it was disappointing. I'll
be honest, I have to be straight. I was disappointed.
A lot of people would disappointed, but that's the way
it works sometimes.
Speaker 1 (09:32):
Now, when Donald Trump made those comments last week, I
felt then and I do feel now. It's not that
I've changed my mind a bit of frustration with that tone.
And this is what I mean by that. Donald Trump
is not afraid to crucify anybody publicly. If they anger him,
He'll go on social media and call an actress fat
(09:53):
and stupid. I mean, Donald Trump will blast away at anybody.
Donald Trump bounced Bob Good from Congress, the most conservative
one of the most conservative members of Congress primary to gone.
Has publicly threatened chip Roy Thomas Massey with primaries for
opposing spending bills. Donald Trump will come after you. Left
right middle Tom tillis, Republican Senator from North Carolina single
(10:14):
handedly pretty much in conjunction with Democrats, but really single
handedly stop Donald Trump's pick for US Attorney of DC.
Trump gets on there and kind of get well, I
was disappointed, you know, like my son brought home a
b in math or something like that. Well, I'm disappointed,
and so I was frustrated by that, But the way
(10:34):
I listened to it, I listened to it a couple
of times more over the weekend. You know what I
heard there? Actually, I'm gonna ask the producer to play
that clip again here in just one second when I
call for it. But you know what I heard here.
I heard a man that maybe in a tired moment,
an honest moment, I heard a man who's exhausted trying
(10:55):
to untie the knob.
Speaker 5 (10:57):
He wasn't getting the support from people that I thought.
You know, he's done a very good job. Crime is
down twenty five percent in DC during his period of time.
I'm very disappointed in that, but I have so many
different things that I'm doing now with the trade. You know,
I'm one person.
Speaker 1 (11:14):
I can only make boom.
Speaker 5 (11:15):
I can only lift that little phone so many times
in a day. But we have somebody else that will
be great. I just want to say, Ed is unbelievable,
and hopefully we can bring him into whether it's DOJ
or whatever, in some capacity, because really outstanding it was.
To me, it was disappointing. I'll be honest. I have
(11:35):
to be straight. I was disappointed. A lot of people
were disappointed. But that's the way it works.
Speaker 1 (11:41):
Sometimes I'm only one man, can only pick up the phone.
I was just disappointed. Sounds like a guy. I was exhausted.
And that brings us to Congress. Here's a little fun
stat came out this member. The GOP controls house in
the Senate, they've sent fewer bills to the White House
(12:05):
to be signed than any Congress in seven decades. Seventy years,
seventy years it was the Korean War, since we had
a Congress that did this little It's exhausting. Where's the
rest of our help? But it goes to the point
(12:27):
that I really want to make here, a point we've
made many times before. We still have a lot of
work to do, and we can get it done, but
it's not going to be fast. It's not going to
be easy. There are Democrats filling up the swamp. Remember
what Chip Roy told us last week. There are Republicans
(12:47):
protecting the swamp. So the Republicans saying they won't repeal
the IRA, they're just Republicans getting fat federal checks for
their district.
Speaker 6 (12:55):
Right, That's exactly right. And so to be clear, the
CBO said that we could save about seven hundred and
fifty billion dollars. Right now, I'm being told that they're
going to find four hundred billion in savings. You know
what that really means is three hundred and fifty billion
or a bunch of things. Hey, I need to bring
home the checks to my corn states, or let me
be bared to. There are Texans. Oh, we have oil
(13:16):
and gas companies that wanted their free money too. I
don't mind walking into Houston where you are, or going
out to Midland or in Austin and walking into the
board rooms saying, guys, I am opposing the subsidies that
you're taking on the back of your children and my
children and our grandchildren. I have no problem telling Texas
that we should not be doing that and selling out
(13:38):
the future of our country. To walk into room and say, oh,
we're bringing home your free subsidies. They're not free. They're
killing our country.
Speaker 1 (13:47):
There's a lot of people protecting the swamp. One final
example of this, you saw the video last week of
the Democrat Democrat members of Congress assaulting federal agents at
an ICE facility, assaulting federal agents in an attempt to
break out illegals who were being held inside. You saw
(14:10):
all that. Now that's a felony. If you walked up
to a federal agent guarding an ICE facility and you,
I mean, if you so much has laid a finger
on them, you would be charged with a felony. If
you shoved one, elbowed one, as Democrats did on camera. Honestly,
even if you didn't have a criminal record, that's probably
ten years you're gone. Then you'll be saying hello to
(14:33):
your wife and children through prison glass for ten years.
Those Democrats should all have already been arrested, charged with
felonies on the way to prison, lawyering up Republicans in DC.
Michael McCall, this is how committed they are. I'm just curious.
Speaker 5 (14:50):
Should ICE be arresting or even threatening to arrest members
of Congress.
Speaker 2 (14:57):
I mean, that's obviously a very drastic move. I would
only do that if they were complicit with a crime.
I don't know all the facts behind this. If they
were just visiting a detention center that I've done that
many times. If they're disrupting law enforcement, that's another question.
So you know, we can peacefully protest in this country,
(15:18):
but you cannot be complicit with gang violence against our
law enforcement. And I think perhaps that's what it comes
down to. And if I could just add one last
thing on the gaza.
Speaker 1 (15:34):
Well, with a stance like that, you see, we got
a lot of work to do on the not it
won't be fast. All that may have made you uncomfortable,
but I am right. Let's talk about something good, really
really good. You ready for that? Before we do that,
let me talk to you about something great. How I
slept last night. I don't want to rub it in,
(15:56):
but yesterday was Mother's Day. Run it around all kinds stuffs,
and then the end of the day came and I
got what is known as the Sunday scary Sunday scaries?
Have you ever heard of that before? That's that moment
on Sunday where you realize, oh my gosh, the weekend's
about over. Mondays here tomorrow, we gotta go to work,
gotta get ready. What did I do about nine o'clock
(16:17):
last night? I went to the kitchen, made myself a
cup of hot chocolate dream powder from Beam Hot Chocolate,
Delicious cinnamon chocolate. But it puts me to sleep. With
natural things, things like melatonin and Rashi and all kinds
of things. I slept like a baby, like ten hours
last night, woke up ready to go. You want to
(16:40):
sleep like that, you want to feel like that every Monday,
every day, shopbeam dot com, slash Jesse Kelly, we'll be back.
All right. Let's talk about something wonderful. And Donald Trump
(17:01):
is really really great at foreign policy. It just is.
And there are reasons behind that, which we'll get into
in just a moment. But let me first talk about
the release of the hostage Eden Alexander Guy was held
by hamas long time. Trump gets some sprung here he
was talking about it.
Speaker 5 (17:22):
He ends the only American citizen was captured and held
hostage by HUMUS since October seventh, twenty twenty three, and
he's coming home to his parents, which is really great news.
Speaker 1 (17:39):
Meant to me.
Speaker 5 (17:39):
It's bigness. They thought he was dead. So that's it,
all right.
Speaker 1 (17:48):
I love this about Donald Trump, and it actually makes
me angry at other American presidents like Joe Biden and Obama.
But I love that Donald Trump brings American home. If
you are an American citizen and you are held abroad
by an evil foreign government, an evil terrorist organization, you
(18:12):
have every right to expect your president, Democrat or Republican,
whoever it is, to get you home. That's the deal,
that's the reason, that's part of the reason we elect
these people to serve this country, protect this country. An
American president should see it as one of his highest
(18:32):
duties to find American citizens wherever they may be around
the globe and get them home. And Democrats just don't
do this anymore. And this really comes down to how
you see yourself and how you see America. It's one
of the reason Trump is so very good at it.
Donald Trump loves this country. I really don't think that's deniable.
(18:53):
It's obvious. He's been talking lovingly about America since years
before he ever got into politics. He loves the country.
And more importantly, or probably as important, Donald Trump sees himself.
He sees himself as a protector of us, as of
the American people. And that's how I want the American
(19:14):
president to see himself. He sees himself as someone who
should look out for you no matter who you are,
no matter where you are held. If you're held somewhere else,
he will make it a priority to bring you home
when he does. And I just love that so much.
And I love the fact that Donald Trump doesn't want war.
(19:35):
A lot of political leaders today and always have loved war. War.
It could be profitable, it could be good for your popularity,
but it really takes somebody to command the most powerful
army on the planet and always push for peace, which
Trump does. Remember his inn Augro address when he talked about.
Speaker 5 (19:52):
It, My proudest legacy will be that of a peacemaker
and unifier. That's what I want to be, a peacemaker
and a unifier.
Speaker 1 (20:04):
Well, they didn't just say that. India and Pakistan. You
remember all that dust up last week, Maybe you with
these saw some headlines about it. Well, these countries historically
despise each other. There's all kinds of history there which
I won't go into here, but it's all ugly. It
was really, really bad. They hate each other. They're right
next to each other and they're always fighting. They just
(20:24):
hate each other. And something breaks out and it's getting bad,
and people were dying, and people were looking and they're saying,
my goodness, these are both nuclear powers. Two nuclear powers
who hate each other are starting to kill each other.
This could get way out of control badly. Well, the
(20:46):
American President didn't have to stepped in.
Speaker 5 (20:51):
On Saturday. My administration helped brokery full and immediate ceasefire,
I think, a permanent one between India and Pakistan, ending
a dangerous conflict of two nations with lots of nuclear
weapons and they were going at it hot and heavy,
and it was seemingly not going to stop.
Speaker 1 (21:11):
We helped a lot.
Speaker 5 (21:12):
And we helped also with trade. I said, come on,
we're going to do a lot of trade with you guys.
Let's stop it. Let's stop it. If you stop it,
we'll do a trade. If you don't stop it, we're
not going to do any trade. People have never really
used trade the way I used it, that I can
tell you. And all of a sudden they said, I
think we're going to stop, and they have, and we
(21:33):
stopped the nuclear conflict. I think it would it could
have been a bad nuclear war.
Speaker 1 (21:40):
And that is a big part of why he's very
good at foreign policy as well. Donald Trump has made
deals his whole life. You know, the bookey rode art
of the deal and whatnot, but both foreign and domestic,
Donald Trump has dealt with powerful men across the planet,
always trying to make a deal. Hey, why are we fighting,
No need to fight. Let's make it along a little
(22:00):
bit and you'll get a little bit. Let's make a
deal with He approaches the American presidency the exact same way.
Just heard it right there. He sits down India, Pakistan. Hey,
come on, come on, let's do a deal and we'll
make it work for you. We'll make it work for you.
You can have some extra curry. We'll throw a little
bit of this, little of that in or work out
for Everybody makes deals with people, and it works, and
(22:21):
now people aren't dying. It matters, and it's a far
far departure from what we get every dag gone time
there's a Democrat president.
Speaker 7 (22:32):
We immediately rejoined the Parish Agreement.
Speaker 4 (22:35):
We convened major climate summits and re established.
Speaker 1 (22:42):
I apologize, we never pulled out of the agreement three years.
I'm sorry. I'm sorry. We kind of sucked. I'm sorry.
It's pretting awful. Glad we're done with that anyway. Let's
move on, because we have bore things, foreign things to discuss.
Before we get to those foreign things, let's get some
thing as American as it gets, and that would be
(23:03):
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Speaker 5 (24:07):
We achieved a total reset with China after productive talks
in Geneva. Both sides now agreed to reduce the tariffs
imposed after April second to ten percent for ninety days
as negotiators continue in the largest structural issues. We're not
looking to hurt China. China was being hurt very badly.
(24:28):
They were closing up factories, they were having a lot
of unrest, and they were very happy to be able
to do something with us. And the relationship is very
very good.
Speaker 1 (24:41):
Okay, well that sounds good at least for ninety days.
I don't know what all is going on, but I
don't have to John does. That's what we rely on
John for joining me.
Speaker 8 (24:51):
Now.
Speaker 1 (24:51):
John Carney Breibart news editor or News Finance and Economics editor. Hey, John, Okay,
first of all, I'm going to ask you so many
stupid questions that's to make your head spin, but you're
used to that by Now. What deal did we have?
What deal do we have? Now? What's with the ninety days?
You can just have the show for tonight. What's going on? Yeah?
Speaker 8 (25:10):
So, Scott Bessett, the Treasury Secretary, and Jameson Greer, the
US Trade Representative, went to Switzerland and had what I
would call the preliminary discussions. This is really the first
time the US and China have gotten together formally since
we started putting the tariffs on, since Liberation Day on
(25:33):
April third. So what they did is they came together,
they you know, had a day of talks. It wasn't
a very prolonged thing. There was some preliminary, you know,
talks that went on before that, and they agreed to
call it like a ninety day cease fire where we
would bring down our tariffs to around ten percent, plus
(25:56):
there's an additional twenty percent fentanyl tariff that's staying on.
China would bring down their tariff to around ten percent.
They had gone up to one hundred and twenty five percent.
We had gone up to one hundred and forty five percent,
none of which was the intended tariff level. When Trump
announced the tariff levels, it was down near sixty percent
(26:18):
originally on Liberation Day. So they are in talks, and
while they're in talks, the tariffs are going to stay lower.
There's a reason to be a little skeptical. I know,
the market is really excited about this, and people are saying,
you know, yes, this means like trade war called off.
But this is just really the it's not even an
(26:41):
outline of a deal. It's a plan to make a deal,
and so we don't know what's going to happen over
the next ninety days or after that. I mean, there's
got to be some institutional memory in the Trump administration
that last time, they made a bunch of deals with China,
and China didn't follow through on any.
Speaker 1 (27:02):
Of the things that they said.
Speaker 8 (27:03):
They were going to do, and that's one of the
reasons why when Trump came back in, he had to
go big with tariffs again. So, yes, it's a positive
that talks began, but we'll have to wait and see
to see, you know, where those things really end up
and whether China actually follow us through on whatever they
(27:24):
agree to.
Speaker 1 (27:26):
Okay, So I have a feeling I'm about to ask
the million dollar question, which would be a miracle for me.
But Trump referenced the larger structural issues, and I can't
help but think that's what you seem to be so
skeptical of. What larger structural issues are we talking about here?
Speaker 8 (27:43):
Yeah, I mean a big problem is China's economy basically
runs on the idea that they have a huge surplus,
that they make a ton more than they consume, that
they run trade deficits against the rest of the world
and the United States in particular, or I don't know
how they can easily address that. So one of the
(28:05):
reasons why I've been skeptical that we would ever really
come to a deal with China, because I think they'll
say a lot of things, but they really demand almost
the right to run trade surpluses, meaning other countries get
to have trade deficits with China, and it's hard to
(28:26):
see how they move away from that and stay at
the level of employment that they really have had, and
that in itself, like China can't have a ten percent
unemployment right. If unemployment climbs in China, it will become
so politically destabilizing that the regime is afraid of that.
That's one of the reasons they run their country the
(28:47):
way they do, to keep people very busy so that
they don't notice that their economy is actually propped up
by the set by central planning and exits mainly on experts.
So I'm not sure they'll be able to address the
structural issues, but I'm glad they're trying. I mean, look,
the Trump administration has been a lot more positive and
(29:10):
optimistic than I am on this stuff, and you know,
maybe I'm just I've grown cynical over the years watching
China sort of pull the rug out from administration after administration.
They did it to the first Trump administration, so.
Speaker 1 (29:25):
I'm a little cynical.
Speaker 8 (29:26):
They think that they really can get something done, and
so I hope that they're right, and then I'm wrong
on that.
Speaker 1 (29:37):
How how does this work when we have a new
president in three years, John, meaning can't China or can
China just kind of ride this out? Or is the
political situation, as you mentioned, so sensitive there that they
have to get something done too. Essentially, I'm worried about
the dictatorship knowing it can ride out the elected president.
Speaker 8 (29:59):
Yep. That's always been a danger. But I actually think
in this case, time is on our side. Jijingping is
not Jijingping from ten years ago. In twenty fifteen, he
was a much younger man. Time is no longer on
Jijingping's side. He will eventually not be the supreme leader
(30:21):
of China that we are, and we're ten years closer
to the day when he's not doing it being the
leader of China than we were ten years ago. How
long does he have Nobody knows. He doesn't look like
a very healthy man to me, and he may get
turned out before he intends to leave. China is not
a stable country. There are a lot there are a
(30:43):
lot of things in the background happening. People you find
out about generals who disappear, or you know, various secretaries
under secretaries who just vanish. Why because it's not a
stable country. And I think the other thing that China
that's got to be a little bit jarring to China
(31:06):
is I think they thought the first time around, well,
once Trump's gone, they'll take those tariffs off. But Biden
did do that. Biden actually kept the tariffs on. And
if you look across the political spectrum, whether it's Donald
Trump all the way to Gavin Newsome actually is saying, yeah,
we've got to do something about our trade deficit with
(31:29):
China in particular. So looking across the political spectrum in
America today, I think they have to be a little
more nervous than they were.
Speaker 1 (31:40):
Ten years ago.
Speaker 8 (31:41):
Ten years ago they could say, yeah, we've got this
crazy Trump guy, but he's on his own. The rest
of the American establishment doesn't agree with him. Now, I
think we've come to a consensus in this country that
we're not going to let China continue to run the
kind of abusive, mercantilist, predatory trade policies that they have
(32:01):
for the last twenty five years. And that's on both parties.
So I don't think they can be very confident that
if we get it, you know, certainly not if we
get Jade vance In as the next president, but even
if we get a Democrat in, I don't think it's
going to be I think a Democrat's going to have
to end up running hard on trade. Remember Kamala Harris
tried to run against tariffs. She called it a national
(32:24):
sales tax and failed very badly. I think the next Democrat,
the next group of Democrats to run, are actually going
to be pretty hawkish on trade issues.
Speaker 1 (32:36):
Let's switch gears a little bit here to address the
FED thing. The FED thing being the fact that Donald
Trump called Jerome Powell fool last week. What's going on
with this this little tiff?
Speaker 8 (32:48):
Well, yeah, so Donald Trump believes that he should be
able to call you know, the head of the Federal
Reserve a fool or his you know, too late is
his nickname for j.
Speaker 1 (33:00):
Powell.
Speaker 8 (33:01):
He really thinks Ja Palell should be cutting rates. We
got some very low inflation reports, particularly the inflation report
for March was very low. Later this week we'll get
out the April inflation report. If that's also very low.
Donald Trump will have a much better argument. And look,
the market does agree that the FED will start cutting
(33:23):
sometime this year, that they'll probably cut three or four times.
And Trump's point is that e thinks fuel prices are
coming down, we're deregulating, We're going to have more supply
side on the economy, and so therefore we're probably not
going to have a lot of inflation. The Fed holding out,
(33:44):
maybe holding back the economy. I'll say, in the defense
of Jeram Powell, I think there's a little bit of
still reason to be nervous that not all of the
Biden inflation has been squeezed out of the economy, that
we still may have a residual inflationary impulse in the economy,
and if you cut rates too early, you risk reigniting that.
(34:08):
So look, I get it. Trump's a low interest rate guy.
He wants them to cut. It's probably been too early.
The next meeting or the meeting after that, probably not
too early. Then we're probably about ready.
Speaker 1 (34:24):
John, as always, brother, I appreciate you very much. Thanks
for making us smarter. All right, Trump did something enormous
today with big Pharma. Jeffrey Tucker, as you can imagine,
has a lot to say about this. We will get
to Jeffrey in a moment. Before we get to Jeffrey,
let me get to this. You know, I'm not a
(34:46):
big jewelry accessory guy. It's just not who I am.
I really really take a lot of pride in my watch.
And it's not because it's nice, although it is very nice.
It's because it's a Wasson Watch. Wasson Watch, you know,
by a United States Marine run by a United States
(35:08):
Marine veteran. Wasson Watched, the company that not only makes
these super nice Swiss watches, they share and promote our
values without shame. I love that Wasson watch it. Go
look at their social media. If you're wondering, Hey, what
should I get one? I'm not really sure. Go look.
Wasson Watch will be proudly talking about the Second Amendment,
(35:30):
about being pro life. That's what makes me proud of it.
It's not just the fact that it's a really nice watch.
I love my Wasson Watch. Do you want one? You
want a nice discount on one? Came and tell you
how cool the little leather cake. Just go get a
Wasson Watch. Wassonwatch dot com code Jessie gets you a
(35:50):
nice discount on one. We'll be back.
Speaker 5 (36:01):
So for the first time in many years, we'll slash
the costs of prescription drugs and we will bring fairness
to America. Drug prices will come down. But starting today,
the United States will no longer subsidize the healthcare of
foreign countries and will no longer tolerate profiteering and price
gouging from big pharma.
Speaker 1 (36:18):
But it's called.
Speaker 5 (36:18):
Most Favored nation. We are going to pay the lowest
price there is in the world. We will get whoever
is paying the lowest price. That's the price that we're
going to get. I am doing this for the American people.
I'm doing this against the most powerful lobby in the world,
probably the drug lobby, drug and pharmaceutical lobby. But it's
(36:39):
one of the most important orders I think that's ever
been signed, certainly with regard to healthcare or health in
the history of our country.
Speaker 1 (36:48):
Okay, what happened today? My head is spinning about the
whole thing. I can't tell. Is it good? Is it
going to blow up the market? Is it bad? I
don't know. I'd love for everybody to be paying less.
Joining me now, is somebody who does know Jeffrey A. Tucker,
President Brownstone Institute. Okay, Jeffrey, pretend I know nothing about
(37:10):
big pharma, which I pretty much do. What happened today?
Was it good? Was it a disaster? To explain this
to me.
Speaker 9 (37:16):
It's a huge move towards market competition to break up
the American cartel of pharmaceutical companies that have been overcharging
ridiculous amounts at the expense of the taxpayers for decades
and decades. Nobody's ever had the courage to do this.
It's an obvious thing. It's a common sense thing. And
the executive order I just read it today is totally perfect.
Speaker 1 (37:41):
Okay, though the executive order is perfect, I love to
hear that. Now, what cartel are you talking about? Could
you describe this pharmaceutical cartel? And why at least in
the past we have been paying like eight times as
much for Thailand all as those dirty Europeans do. Well.
Speaker 9 (37:58):
A lot of it comes down to the patents with
essentially establish an industrial monopoly, and they're shared with the
agencies thanks to the Bidol Act, which permits this kind
of racketeering to go on legally, so that NIH is
sharing patents with private producers, and they share employees, and
(38:19):
they share funding. Taxpayers are on the hook for funding
these the R and D for the drugs, and then
sometimes even buying all the drugs, and then of course
through medicare and medicaid being the main customer for these drugs,
and no other country is stupid enough to do this.
So they charge just normal market prices, which could be
(38:43):
a tenth as much as you get in the US.
So you know, in the US you might pay three
thousand dollars for a drug and then just go just
one ch across the Canadian border and it'll be three
hundred dollars for the exact same drug from the exact
same plan. So the whole thing is outrageous the US.
(39:04):
They put it today that the US is subsidizing the world,
which is kind of true. It's hard to say if
that's true. One thing is for sure, Americans are paying
monopoly prices. Whether you're paying without insurance, in which case
you're absolutely going to get fleeced. If you're paying with insurance,
then the insurance company is getting fleeced, and who's getting
(39:27):
the profits. It's a lot of times these pharmacy benefit
manager companies that are skimming off the top, and it's
all coming at the expensive taxpayers and consumers. It's just
complete robbery. It's astounding that it's been allowed to go
go on this long. But the thing is that the
(39:49):
pharmaceutical lobby, which Trump put it out, is so powerful
in Washington, who's exactly right, has always been able to
forestall any kinds of changes in this based on the
idea that they have a free market in the US
and these are free market prices that are anything but
free market prices. And then they also claim that all
these excess profits are necessary for research and development, which
(40:13):
if that's true, it just simply means that American taxpayers,
American consumers are paying vast amounts of money to develop
drugs for the world that they're getting at a deep discount,
So that by itself is outrageous. But I'm making sure
that's true. I mean, a lot of these drugs are repurposed.
When you look at the GLS ones that everybody is
talking about for losing weight, they weren't developed as weight
(40:36):
loss drugs. They're developed as diabetes drugs, So that's the
secondary purpose. I mean, the research and development didn't discover
that it was.
Speaker 1 (40:43):
Discovered in use.
Speaker 9 (40:45):
So there's wild exaggeration concerning this black hole called R
and D, which we're supposed to just be shelling out
for forever. But there's what's fascinating to me about this.
Like I watched the press conference. It was totally great.
RFK was fantastic. Trump was amazing, and his scope of
(41:07):
his knowledge and its ferocity on the subject. Martin McCarey,
doctor Oz, and also Jay Badataria, We're all fantastic. Don't forget.
Jay Batataria is also a health economist who's got a
PhD in economics, and a classical liberal libertarian in some
ideological sense. But he recognizes too, this is about creating
(41:29):
an internationally competitive market price for these drugs, and so
he gave a very articulous statement. What shocks me about
the whole thing, or what strikes me is kind of
really interesting about this is that this order from the
top in Trump's right, it's it's epic. It's like nothing
(41:50):
like this has ever happened, has already set off wars
on the left and the right. I mean, for one thing,
the left is ostensibly always favored this until they got
in bed with big pharma, and now they're sort of
hilariously against it. So it puts in the awkward position
of arguing for higher drug prices on behalf of a
(42:11):
drug cartel. I mean, that's not a good place for
the Democrats to be in, but that's where Trump has
put them. And then on the other hand, you have
this sort of corporate right wing I guess lack of
a better term. For example, the Wall Street Journal and
almost every establishment libertarian, liberty, free market person online that
(42:33):
I could find is totally aggreinst this on grounds that
they say this is price control, which is an Orwelian
upside down claim, but they're making it every day.
Speaker 1 (42:47):
Yeah, Jeffrey, I know this is a complicated thing. I
asked you to try to do that in about five minutes,
but I appreciate you giving it an effort. Thank you.
All Right, we have light in the loop next hight.
(43:10):
It is time to lighten the mood. And Jill Biden
is just a heartless, heartless woman. She dragged poor Joe
out of retirement and threw a suit on him because
she has some new fake gig in Washington, d C.
Which will keep her rich and famous, and she had
poor Joe do this media tour, and she had to
(43:32):
sit there right by him the whole time to hold
his little hand, because Joe's just not even a functional
adult anymore. And they made him, they made him go
do the view and it went about like you thought
it was gonna go.
Speaker 10 (43:44):
Yeah, mister president. Since you left office, there have been
a number of books that have come out, deeply sourced
from democratic sources, that claim in your final year there
was a dramatic decline in your cognitive abilities in the
final year of your presidency. What is your response to
these allegations? Are these sources wrong?
Speaker 7 (44:03):
They are wrong. There's nothing to sustain that. We found
ourselves unable to deal with a lot of just basic
issues and I won't go into it in interesting time.
And so we went to work and we got it done.
And you know one of the things that.
Speaker 11 (44:22):
That well well, and listen, you know, one of the
things I think is that the people who wrote those
books were not in the White House with us, and
they didn't see how hard Joe worked every single day.
Speaker 2 (44:39):
They're all the the projects, the.
Speaker 4 (44:43):
Benefit how do you lead the world with having that?
Best instructions were how do you leave the world having
But out of the best health care role. How do
you lead the world without having the best education were
How do you lead the world and you don't have
that done?
Speaker 1 (45:00):
Four years. That man pretended to be our president for
four years. I'll see them up.
Speaker 8 (45:09):
Mm hmmmmmmmmmmmmm
Let's talk about untying knots, draining the swamp. Let's talk
about foreign policy things, Washington, d C. Donald Trump just
took on a lobby there. All that and more coming up,
I'm right now. Let's talk about the system, the swamp,
(00:28):
draining the swamp. Let's talk about all this because we're
all going through something here, all of us. I'm going
through the exact same thing you're going through. We're all
doing the same thing right now. Donald Trump won an
election in November. We're excited about that. Happy, couldn't afford
all that. Yeah, but we didn't want Trump to be
(00:49):
there just to be there. Right. You have things you
want him to do. I have things I want him
to do. And one of the things that's central to
most of us on the right is and stopping the
terrible corruption inside of Washington, d C. Obviously, that's that.
Draining the swamp is what most people call it. We've
(01:11):
called it that here. But the system, the criminal enterprise,
whatever it is. So let's discuss that, what's happening, what's
not happening, reality versus what we wish that. Let's talk
about it. For instances, think about a knot. I'm talking
about the worst not you've ever had to confront. You're
(01:32):
thinking about it. Maybe it was a bunch of wires
or one wire, choo, strings, chords something. At some point
you're like, maybe fishing. If you're fishing, you've encountered it.
At some point you've encountered a knot. That is a disaster.
Now why is it a disaster? Time? Over a long
(01:53):
enough period of time, this mixing with this and that
and this that, the NT just got worse and worse,
tighter and tighter and tighter over time. The longer it
was festering, the worse it got. Now, how do you
want to tie it with time? That's the truth. Draining
(02:16):
the swamp is going to take a lot of time,
because creating the swamp took a lot of time. We
didn't get to this place of corruption as a country
five years ago. You know, it didn't start under Joe Biden,
although he may have made it all worse. It didn't
even start under Barack Obama. Decades and decades of neglect
(02:38):
by US the public and evil deeds by people in Washington,
d C. Has created this not that may seem impossible
at times, Well, I don't believe it is impossible. I
will tell you this just right between the eyes. It's
going to take time, and it's going to take a
(02:58):
lot of effort, focused, ongoing effort. We're not going to
be able to look at it and just solve it
with one election. That's not how it works. For instance,
let's talk about the Epstein stuff, because that's probably a
priority one for a lot of people. Jeffrey Epstein, as
you already know, billionaire financier, famously was involved with underage
(03:23):
sex trafficking, just the grossest stuff you can possibly imagine.
And he wasn't doing it alone. He was friends partners
with a lot of the wealthiest, most powerful people on
the planet. We don't know who exactly did what, but
we know for a fact that, for instance, he was signed.
(03:44):
It's public record he was signed into Bill Clinton's White
House multiple times. Jeffrey Epstein famously has well had I
guess a painting of Bill Clinton a really weird when
he's in a blue dress. It's odd. Jeffrey Epstein was
friends with Bill Gays. We know his wife gave an
interview where she blamed their friendship as part of the
(04:08):
reason she divorced him. Very interesting, right, So again, we're
talking wealthy, powerful people, royal family members, and so you me,
I would like to know who these people are. If
you were abusing women, especially under age ones, but really
any age, if you were abusing women and children, I
(04:30):
don't care how much money you're worth or how powerful
you are. I believe you should be brought to justice
just the same way anyone would. And so we're very
interested in that Epstein list. Now, Cash Mattel, head of
the FBI, gave a little update on it.
Speaker 2 (04:44):
Did Jeffrey Epstein shell or did somebody go on.
Speaker 3 (04:49):
Center I believe in himself in a cell in the
Metropolitan Tention Center.
Speaker 4 (04:54):
Are you going to release all the information about that center?
Speaker 3 (04:58):
We are working through that right now with the Department
of Justice.
Speaker 4 (05:00):
When you think you'll have it done, Cash, uh, I.
Speaker 3 (05:04):
Think in the in the near future, sir, Like before
I die. Center we are, we are, We've we've been
working on that, and we're doing it in a way
that protects.
Speaker 1 (05:20):
Victims. Okay, Well that was about as non committal as
non committal can get. So what's at play here is
Cash Patel using his role with the FBI to protect evil,
powerful sex traffickers. I doubt that very much. That's not
his reputation. I don't know Cash Pateel, but he has
(05:41):
an excellent reputation. I doubt that. So what's really a play?
Are they really protecting victims? Maybe? Do keep in mind
it's a very very dangerous thing to have damaging information
on wealthy, powerful men. It can be very hazardous to
your health, as you are well aware. Maybe they are
protecting victims, maybe the wealthy powerful men who are about
(06:06):
to be exposed. Possibly maybe they have outstanding thousand dollars
an hour attorneys who are mucking up the whole process. Maybe,
maybe maybe there are people on that list who didn't
commit any crimes or necessarily do anything wrong. Remember this
was a billionaire financier with a private jet. Somebody came
(06:26):
to you with a potential business deal and said, I'll
send my private jet along. Would you hop on? Would
you do all the vetting of him first? Probably not.
I don't know that I would you are fer me
a private jet? Maybe somebody wrote on that jet you
didn't do anything wrong, didn't touch anybody, didn't hurt anyone.
I don't know now, I don't know, but I guess
that's the point of this entire conversation when it comes
(06:47):
to the system in the swamp. And there are many, many,
many things we don't know, things we want to know,
some things we'll never know. But here's what we do know.
We know. But the corruption of Washington DC is years
in years and years in the making. We have a
(07:08):
bad not to untie, and electing Donald Trump for four
more years is not going to get the job done.
It helps, it's a lot better than electing Dome. It helps.
But even if he was perfect, and he's not and
nobody is. But even if he was perfect, you can't
undo decades of Washington DC corruption walking in there for
(07:33):
your final four years of president. That's not how it
works at all. Remember Ed Martin, this was the story
from last week. But it's kind of a big deal.
The US Attorney the DC court system is one of
the most evil court systems on planet Earth. I am
not overstating that at all. I don't care where you go,
(07:54):
North Korea, Russia, Iran. I don't know that you can
find a more biased, evil court system than the one
in Washington DC. That court system is the reason all
these nonviolent January six ers were charged with things like
terrorism and thrown in cages because you can convict any
Republican of anything there. You can't get a Democrat conviction
(08:14):
because they're all communists. And you can convict a Republican
of anything, I've spitting on the sidewalk, They'll throw them
in prison there. And that DC court system, it is
in many ways the enforcement arm and protectorate of the swamp.
So Trump wanted Ed Martin. Ed Martin's good man. We've
interviewed him here on this show before. Ed Martin wanted
(08:34):
to drain the swamp. Tom Tillis, Republican Senator, stopped it.
Stopped at Martin. So Trump came out last week he
said this, he.
Speaker 5 (08:45):
Wasn't getting the support from people that I thought. You know,
he's done a very good job. Crime is down twenty
five percent in DC during his period of time. I'm
very disappointed in that. But I have so many different
things that I'm doing with the trade. You know, one person,
I can only make boom, I can only lift that
little phone so many times in a day. But we
(09:09):
have somebody else that will be great. I just want
to say, Ed is unbelievable, and hopefully we can bring
him into whether it's doj or whatever in some capacity
because really outstand it. To me, it was disappointing. I'll
be honest, I have to be straight. I was disappointed.
A lot of people would disappointed, but that's the way
it works sometimes.
Speaker 1 (09:32):
Now, when Donald Trump made those comments last week, I
felt then and I do feel now. It's not that
I've changed my mind a bit of frustration with that tone.
And this is what I mean by that. Donald Trump
is not afraid to crucify anybody publicly. If they anger him,
He'll go on social media and call an actress fat
(09:53):
and stupid. I mean, Donald Trump will blast away at anybody.
Donald Trump bounced Bob Good from Congress, the most conservative
one of the most conservative members of Congress primary to gone.
Has publicly threatened chip Roy Thomas Massey with primaries for
opposing spending bills. Donald Trump will come after you. Left
right middle Tom tillis, Republican Senator from North Carolina single
(10:14):
handedly pretty much in conjunction with Democrats, but really single
handedly stop Donald Trump's pick for US Attorney of DC.
Trump gets on there and kind of get well, I
was disappointed, you know, like my son brought home a
b in math or something like that. Well, I'm disappointed,
and so I was frustrated by that, But the way
(10:34):
I listened to it, I listened to it a couple
of times more over the weekend. You know what I
heard there? Actually, I'm gonna ask the producer to play
that clip again here in just one second when I
call for it. But you know what I heard here.
I heard a man that maybe in a tired moment,
an honest moment, I heard a man who's exhausted trying
(10:55):
to untie the knob.
Speaker 5 (10:57):
He wasn't getting the support from people that I thought.
You know, he's done a very good job. Crime is
down twenty five percent in DC during his period of time.
I'm very disappointed in that, but I have so many
different things that I'm doing now with the trade. You know,
I'm one person.
Speaker 1 (11:14):
I can only make boom.
Speaker 5 (11:15):
I can only lift that little phone so many times
in a day. But we have somebody else that will
be great. I just want to say, Ed is unbelievable,
and hopefully we can bring him into whether it's DOJ
or whatever, in some capacity, because really outstanding it was.
To me, it was disappointing. I'll be honest. I have
(11:35):
to be straight. I was disappointed. A lot of people
were disappointed. But that's the way it works.
Speaker 1 (11:41):
Sometimes I'm only one man, can only pick up the phone.
I was just disappointed. Sounds like a guy. I was exhausted.
And that brings us to Congress. Here's a little fun
stat came out this member. The GOP controls house in
the Senate, they've sent fewer bills to the White House
(12:05):
to be signed than any Congress in seven decades. Seventy years,
seventy years it was the Korean War, since we had
a Congress that did this little It's exhausting. Where's the
rest of our help? But it goes to the point
(12:27):
that I really want to make here, a point we've
made many times before. We still have a lot of
work to do, and we can get it done, but
it's not going to be fast. It's not going to
be easy. There are Democrats filling up the swamp. Remember
what Chip Roy told us last week. There are Republicans
(12:47):
protecting the swamp. So the Republicans saying they won't repeal
the IRA, they're just Republicans getting fat federal checks for
their district.
Speaker 6 (12:55):
Right, That's exactly right. And so to be clear, the
CBO said that we could save about seven hundred and
fifty billion dollars. Right now, I'm being told that they're
going to find four hundred billion in savings. You know
what that really means is three hundred and fifty billion
or a bunch of things. Hey, I need to bring
home the checks to my corn states, or let me
be bared to. There are Texans. Oh, we have oil
(13:16):
and gas companies that wanted their free money too. I
don't mind walking into Houston where you are, or going
out to Midland or in Austin and walking into the
board rooms saying, guys, I am opposing the subsidies that
you're taking on the back of your children and my
children and our grandchildren. I have no problem telling Texas
that we should not be doing that and selling out
(13:38):
the future of our country. To walk into room and say, oh,
we're bringing home your free subsidies. They're not free. They're
killing our country.
Speaker 1 (13:47):
There's a lot of people protecting the swamp. One final
example of this, you saw the video last week of
the Democrat Democrat members of Congress assaulting federal agents at
an ICE facility, assaulting federal agents in an attempt to
break out illegals who were being held inside. You saw
(14:10):
all that. Now that's a felony. If you walked up
to a federal agent guarding an ICE facility and you,
I mean, if you so much has laid a finger
on them, you would be charged with a felony. If
you shoved one, elbowed one, as Democrats did on camera. Honestly,
even if you didn't have a criminal record, that's probably
ten years you're gone. Then you'll be saying hello to
(14:33):
your wife and children through prison glass for ten years.
Those Democrats should all have already been arrested, charged with
felonies on the way to prison, lawyering up Republicans in DC.
Michael McCall, this is how committed they are. I'm just curious.
Speaker 5 (14:50):
Should ICE be arresting or even threatening to arrest members
of Congress.
Speaker 2 (14:57):
I mean, that's obviously a very drastic move. I would
only do that if they were complicit with a crime.
I don't know all the facts behind this. If they
were just visiting a detention center that I've done that
many times. If they're disrupting law enforcement, that's another question.
So you know, we can peacefully protest in this country,
(15:18):
but you cannot be complicit with gang violence against our
law enforcement. And I think perhaps that's what it comes
down to. And if I could just add one last
thing on the gaza.
Speaker 1 (15:34):
Well, with a stance like that, you see, we got
a lot of work to do on the not it
won't be fast. All that may have made you uncomfortable,
but I am right. Let's talk about something good, really
really good. You ready for that? Before we do that,
let me talk to you about something great. How I
slept last night. I don't want to rub it in,
(15:56):
but yesterday was Mother's Day. Run it around all kinds stuffs,
and then the end of the day came and I
got what is known as the Sunday scary Sunday scaries?
Have you ever heard of that before? That's that moment
on Sunday where you realize, oh my gosh, the weekend's
about over. Mondays here tomorrow, we gotta go to work,
gotta get ready. What did I do about nine o'clock
(16:17):
last night? I went to the kitchen, made myself a
cup of hot chocolate dream powder from Beam Hot Chocolate,
Delicious cinnamon chocolate. But it puts me to sleep. With
natural things, things like melatonin and Rashi and all kinds
of things. I slept like a baby, like ten hours
last night, woke up ready to go. You want to
(16:40):
sleep like that, you want to feel like that every Monday,
every day, shopbeam dot com, slash Jesse Kelly, we'll be back.
All right. Let's talk about something wonderful. And Donald Trump
(17:01):
is really really great at foreign policy. It just is.
And there are reasons behind that, which we'll get into
in just a moment. But let me first talk about
the release of the hostage Eden Alexander Guy was held
by hamas long time. Trump gets some sprung here he
was talking about it.
Speaker 5 (17:22):
He ends the only American citizen was captured and held
hostage by HUMUS since October seventh, twenty twenty three, and
he's coming home to his parents, which is really great news.
Speaker 1 (17:39):
Meant to me.
Speaker 5 (17:39):
It's bigness. They thought he was dead. So that's it,
all right.
Speaker 1 (17:48):
I love this about Donald Trump, and it actually makes
me angry at other American presidents like Joe Biden and Obama.
But I love that Donald Trump brings American home. If
you are an American citizen and you are held abroad
by an evil foreign government, an evil terrorist organization, you
(18:12):
have every right to expect your president, Democrat or Republican,
whoever it is, to get you home. That's the deal,
that's the reason, that's part of the reason we elect
these people to serve this country, protect this country. An
American president should see it as one of his highest
(18:32):
duties to find American citizens wherever they may be around
the globe and get them home. And Democrats just don't
do this anymore. And this really comes down to how
you see yourself and how you see America. It's one
of the reason Trump is so very good at it.
Donald Trump loves this country. I really don't think that's deniable.
(18:53):
It's obvious. He's been talking lovingly about America since years
before he ever got into politics. He loves the country.
And more importantly, or probably as important, Donald Trump sees himself.
He sees himself as a protector of us, as of
the American people. And that's how I want the American
(19:14):
president to see himself. He sees himself as someone who
should look out for you no matter who you are,
no matter where you are held. If you're held somewhere else,
he will make it a priority to bring you home
when he does. And I just love that so much.
And I love the fact that Donald Trump doesn't want war.
(19:35):
A lot of political leaders today and always have loved war. War.
It could be profitable, it could be good for your popularity,
but it really takes somebody to command the most powerful
army on the planet and always push for peace, which
Trump does. Remember his inn Augro address when he talked about.
Speaker 5 (19:52):
It, My proudest legacy will be that of a peacemaker
and unifier. That's what I want to be, a peacemaker
and a unifier.
Speaker 1 (20:04):
Well, they didn't just say that. India and Pakistan. You
remember all that dust up last week, Maybe you with
these saw some headlines about it. Well, these countries historically
despise each other. There's all kinds of history there which
I won't go into here, but it's all ugly. It
was really, really bad. They hate each other. They're right
next to each other and they're always fighting. They just
(20:24):
hate each other. And something breaks out and it's getting bad,
and people were dying, and people were looking and they're saying,
my goodness, these are both nuclear powers. Two nuclear powers
who hate each other are starting to kill each other.
This could get way out of control badly. Well, the
(20:46):
American President didn't have to stepped in.
Speaker 5 (20:51):
On Saturday. My administration helped brokery full and immediate ceasefire,
I think, a permanent one between India and Pakistan, ending
a dangerous conflict of two nations with lots of nuclear
weapons and they were going at it hot and heavy,
and it was seemingly not going to stop.
Speaker 1 (21:11):
We helped a lot.
Speaker 5 (21:12):
And we helped also with trade. I said, come on,
we're going to do a lot of trade with you guys.
Let's stop it. Let's stop it. If you stop it,
we'll do a trade. If you don't stop it, we're
not going to do any trade. People have never really
used trade the way I used it, that I can
tell you. And all of a sudden they said, I
think we're going to stop, and they have, and we
(21:33):
stopped the nuclear conflict. I think it would it could
have been a bad nuclear war.
Speaker 1 (21:40):
And that is a big part of why he's very
good at foreign policy as well. Donald Trump has made
deals his whole life. You know, the bookey rode art
of the deal and whatnot, but both foreign and domestic,
Donald Trump has dealt with powerful men across the planet,
always trying to make a deal. Hey, why are we fighting,
No need to fight. Let's make it along a little
(22:00):
bit and you'll get a little bit. Let's make a
deal with He approaches the American presidency the exact same way.
Just heard it right there. He sits down India, Pakistan. Hey,
come on, come on, let's do a deal and we'll
make it work for you. We'll make it work for you.
You can have some extra curry. We'll throw a little
bit of this, little of that in or work out
for Everybody makes deals with people, and it works, and
(22:21):
now people aren't dying. It matters, and it's a far
far departure from what we get every dag gone time
there's a Democrat president.
Speaker 7 (22:32):
We immediately rejoined the Parish Agreement.
Speaker 4 (22:35):
We convened major climate summits and re established.
Speaker 1 (22:42):
I apologize, we never pulled out of the agreement three years.
I'm sorry. I'm sorry. We kind of sucked. I'm sorry.
It's pretting awful. Glad we're done with that anyway. Let's
move on, because we have bore things, foreign things to discuss.
Before we get to those foreign things, let's get some
thing as American as it gets, and that would be
(23:03):
chock natural herbal supplements from Chok Do I seem excited
when I talk about Chalk, I am because I feel
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(23:23):
day's horrible. And then I started taking a male vitality
stack from Chalk and my mind feels good. Does that
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Have so much energy, ready to go, not running out
of guys staring at the clock. You want to feel
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(23:46):
through the roof. Gentlemen, ladies, energy levels. They have female
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Chalk dot com slash jessetb We'll be back.
Speaker 5 (24:07):
We achieved a total reset with China after productive talks
in Geneva. Both sides now agreed to reduce the tariffs
imposed after April second to ten percent for ninety days
as negotiators continue in the largest structural issues. We're not
looking to hurt China. China was being hurt very badly.
(24:28):
They were closing up factories, they were having a lot
of unrest, and they were very happy to be able
to do something with us. And the relationship is very
very good.
Speaker 1 (24:41):
Okay, well that sounds good at least for ninety days.
I don't know what all is going on, but I
don't have to John does. That's what we rely on
John for joining me.
Speaker 8 (24:51):
Now.
Speaker 1 (24:51):
John Carney Breibart news editor or News Finance and Economics editor. Hey, John, Okay,
first of all, I'm going to ask you so many
stupid questions that's to make your head spin, but you're
used to that by Now. What deal did we have?
What deal do we have? Now? What's with the ninety days?
You can just have the show for tonight. What's going on? Yeah?
Speaker 8 (25:10):
So, Scott Bessett, the Treasury Secretary, and Jameson Greer, the
US Trade Representative, went to Switzerland and had what I
would call the preliminary discussions. This is really the first
time the US and China have gotten together formally since
we started putting the tariffs on, since Liberation Day on
(25:33):
April third. So what they did is they came together,
they you know, had a day of talks. It wasn't
a very prolonged thing. There was some preliminary, you know,
talks that went on before that, and they agreed to
call it like a ninety day cease fire where we
would bring down our tariffs to around ten percent, plus
(25:56):
there's an additional twenty percent fentanyl tariff that's staying on.
China would bring down their tariff to around ten percent.
They had gone up to one hundred and twenty five percent.
We had gone up to one hundred and forty five percent,
none of which was the intended tariff level. When Trump
announced the tariff levels, it was down near sixty percent
(26:18):
originally on Liberation Day. So they are in talks, and
while they're in talks, the tariffs are going to stay lower.
There's a reason to be a little skeptical. I know,
the market is really excited about this, and people are saying,
you know, yes, this means like trade war called off.
But this is just really the it's not even an
(26:41):
outline of a deal. It's a plan to make a deal,
and so we don't know what's going to happen over
the next ninety days or after that. I mean, there's
got to be some institutional memory in the Trump administration
that last time, they made a bunch of deals with China,
and China didn't follow through on any.
Speaker 1 (27:02):
Of the things that they said.
Speaker 8 (27:03):
They were going to do, and that's one of the
reasons why when Trump came back in, he had to
go big with tariffs again. So, yes, it's a positive
that talks began, but we'll have to wait and see
to see, you know, where those things really end up
and whether China actually follow us through on whatever they
(27:24):
agree to.
Speaker 1 (27:26):
Okay, So I have a feeling I'm about to ask
the million dollar question, which would be a miracle for me.
But Trump referenced the larger structural issues, and I can't
help but think that's what you seem to be so
skeptical of. What larger structural issues are we talking about here?
Speaker 8 (27:43):
Yeah, I mean a big problem is China's economy basically
runs on the idea that they have a huge surplus,
that they make a ton more than they consume, that
they run trade deficits against the rest of the world
and the United States in particular, or I don't know
how they can easily address that. So one of the
(28:05):
reasons why I've been skeptical that we would ever really
come to a deal with China, because I think they'll
say a lot of things, but they really demand almost
the right to run trade surpluses, meaning other countries get
to have trade deficits with China, and it's hard to
(28:26):
see how they move away from that and stay at
the level of employment that they really have had, and
that in itself, like China can't have a ten percent
unemployment right. If unemployment climbs in China, it will become
so politically destabilizing that the regime is afraid of that.
That's one of the reasons they run their country the
(28:47):
way they do, to keep people very busy so that
they don't notice that their economy is actually propped up
by the set by central planning and exits mainly on experts.
So I'm not sure they'll be able to address the
structural issues, but I'm glad they're trying. I mean, look,
the Trump administration has been a lot more positive and
(29:10):
optimistic than I am on this stuff, and you know,
maybe I'm just I've grown cynical over the years watching
China sort of pull the rug out from administration after administration.
They did it to the first Trump administration, so.
Speaker 1 (29:25):
I'm a little cynical.
Speaker 8 (29:26):
They think that they really can get something done, and
so I hope that they're right, and then I'm wrong
on that.
Speaker 1 (29:37):
How how does this work when we have a new
president in three years, John, meaning can't China or can
China just kind of ride this out? Or is the
political situation, as you mentioned, so sensitive there that they
have to get something done too. Essentially, I'm worried about
the dictatorship knowing it can ride out the elected president.
Speaker 8 (29:59):
Yep. That's always been a danger. But I actually think
in this case, time is on our side. Jijingping is
not Jijingping from ten years ago. In twenty fifteen, he
was a much younger man. Time is no longer on
Jijingping's side. He will eventually not be the supreme leader
(30:21):
of China that we are, and we're ten years closer
to the day when he's not doing it being the
leader of China than we were ten years ago. How
long does he have Nobody knows. He doesn't look like
a very healthy man to me, and he may get
turned out before he intends to leave. China is not
a stable country. There are a lot there are a
(30:43):
lot of things in the background happening. People you find
out about generals who disappear, or you know, various secretaries
under secretaries who just vanish. Why because it's not a
stable country. And I think the other thing that China
that's got to be a little bit jarring to China
(31:06):
is I think they thought the first time around, well,
once Trump's gone, they'll take those tariffs off. But Biden
did do that. Biden actually kept the tariffs on. And
if you look across the political spectrum, whether it's Donald
Trump all the way to Gavin Newsome actually is saying, yeah,
we've got to do something about our trade deficit with
(31:29):
China in particular. So looking across the political spectrum in
America today, I think they have to be a little
more nervous than they were.
Speaker 1 (31:40):
Ten years ago.
Speaker 8 (31:41):
Ten years ago they could say, yeah, we've got this
crazy Trump guy, but he's on his own. The rest
of the American establishment doesn't agree with him. Now, I
think we've come to a consensus in this country that
we're not going to let China continue to run the
kind of abusive, mercantilist, predatory trade policies that they have
(32:01):
for the last twenty five years. And that's on both parties.
So I don't think they can be very confident that
if we get it, you know, certainly not if we
get Jade vance In as the next president, but even
if we get a Democrat in, I don't think it's
going to be I think a Democrat's going to have
to end up running hard on trade. Remember Kamala Harris
tried to run against tariffs. She called it a national
(32:24):
sales tax and failed very badly. I think the next Democrat,
the next group of Democrats to run, are actually going
to be pretty hawkish on trade issues.
Speaker 1 (32:36):
Let's switch gears a little bit here to address the
FED thing. The FED thing being the fact that Donald
Trump called Jerome Powell fool last week. What's going on
with this this little tiff?
Speaker 8 (32:48):
Well, yeah, so Donald Trump believes that he should be
able to call you know, the head of the Federal
Reserve a fool or his you know, too late is
his nickname for j.
Speaker 1 (33:00):
Powell.
Speaker 8 (33:01):
He really thinks Ja Palell should be cutting rates. We
got some very low inflation reports, particularly the inflation report
for March was very low. Later this week we'll get
out the April inflation report. If that's also very low.
Donald Trump will have a much better argument. And look,
the market does agree that the FED will start cutting
(33:23):
sometime this year, that they'll probably cut three or four times.
And Trump's point is that e thinks fuel prices are
coming down, we're deregulating, We're going to have more supply
side on the economy, and so therefore we're probably not
going to have a lot of inflation. The Fed holding out,
(33:44):
maybe holding back the economy. I'll say, in the defense
of Jeram Powell, I think there's a little bit of
still reason to be nervous that not all of the
Biden inflation has been squeezed out of the economy, that
we still may have a residual inflationary impulse in the economy,
and if you cut rates too early, you risk reigniting that.
(34:08):
So look, I get it. Trump's a low interest rate guy.
He wants them to cut. It's probably been too early.
The next meeting or the meeting after that, probably not
too early. Then we're probably about ready.
Speaker 1 (34:24):
John, as always, brother, I appreciate you very much. Thanks
for making us smarter. All right, Trump did something enormous
today with big Pharma. Jeffrey Tucker, as you can imagine,
has a lot to say about this. We will get
to Jeffrey in a moment. Before we get to Jeffrey,
let me get to this. You know, I'm not a
(34:46):
big jewelry accessory guy. It's just not who I am.
I really really take a lot of pride in my watch.
And it's not because it's nice, although it is very nice.
It's because it's a Wasson Watch. Wasson Watch, you know,
by a United States Marine run by a United States
(35:08):
Marine veteran. Wasson Watched, the company that not only makes
these super nice Swiss watches, they share and promote our
values without shame. I love that Wasson watch it. Go
look at their social media. If you're wondering, Hey, what
should I get one? I'm not really sure. Go look.
Wasson Watch will be proudly talking about the Second Amendment,
(35:30):
about being pro life. That's what makes me proud of it.
It's not just the fact that it's a really nice watch.
I love my Wasson Watch. Do you want one? You
want a nice discount on one? Came and tell you
how cool the little leather cake. Just go get a
Wasson Watch. Wassonwatch dot com code Jessie gets you a
(35:50):
nice discount on one. We'll be back.
Speaker 5 (36:01):
So for the first time in many years, we'll slash
the costs of prescription drugs and we will bring fairness
to America. Drug prices will come down. But starting today,
the United States will no longer subsidize the healthcare of
foreign countries and will no longer tolerate profiteering and price
gouging from big pharma.
Speaker 1 (36:18):
But it's called.
Speaker 5 (36:18):
Most Favored nation. We are going to pay the lowest
price there is in the world. We will get whoever
is paying the lowest price. That's the price that we're
going to get. I am doing this for the American people.
I'm doing this against the most powerful lobby in the world,
probably the drug lobby, drug and pharmaceutical lobby. But it's
(36:39):
one of the most important orders I think that's ever
been signed, certainly with regard to healthcare or health in
the history of our country.
Speaker 1 (36:48):
Okay, what happened today? My head is spinning about the
whole thing. I can't tell. Is it good? Is it
going to blow up the market? Is it bad? I
don't know. I'd love for everybody to be paying less.
Joining me now, is somebody who does know Jeffrey A. Tucker,
President Brownstone Institute. Okay, Jeffrey, pretend I know nothing about
(37:10):
big pharma, which I pretty much do. What happened today?
Was it good? Was it a disaster? To explain this
to me.
Speaker 9 (37:16):
It's a huge move towards market competition to break up
the American cartel of pharmaceutical companies that have been overcharging
ridiculous amounts at the expense of the taxpayers for decades
and decades. Nobody's ever had the courage to do this.
It's an obvious thing. It's a common sense thing. And
the executive order I just read it today is totally perfect.
Speaker 1 (37:41):
Okay, though the executive order is perfect, I love to
hear that. Now, what cartel are you talking about? Could
you describe this pharmaceutical cartel? And why at least in
the past we have been paying like eight times as
much for Thailand all as those dirty Europeans do. Well.
Speaker 9 (37:58):
A lot of it comes down to the patents with
essentially establish an industrial monopoly, and they're shared with the
agencies thanks to the Bidol Act, which permits this kind
of racketeering to go on legally, so that NIH is
sharing patents with private producers, and they share employees, and
(38:19):
they share funding. Taxpayers are on the hook for funding
these the R and D for the drugs, and then
sometimes even buying all the drugs, and then of course
through medicare and medicaid being the main customer for these drugs,
and no other country is stupid enough to do this.
So they charge just normal market prices, which could be
(38:43):
a tenth as much as you get in the US.
So you know, in the US you might pay three
thousand dollars for a drug and then just go just
one ch across the Canadian border and it'll be three
hundred dollars for the exact same drug from the exact
same plan. So the whole thing is outrageous the US.
(39:04):
They put it today that the US is subsidizing the world,
which is kind of true. It's hard to say if
that's true. One thing is for sure, Americans are paying
monopoly prices. Whether you're paying without insurance, in which case
you're absolutely going to get fleeced. If you're paying with insurance,
then the insurance company is getting fleeced, and who's getting
(39:27):
the profits. It's a lot of times these pharmacy benefit
manager companies that are skimming off the top, and it's
all coming at the expensive taxpayers and consumers. It's just
complete robbery. It's astounding that it's been allowed to go
go on this long. But the thing is that the
(39:49):
pharmaceutical lobby, which Trump put it out, is so powerful
in Washington, who's exactly right, has always been able to
forestall any kinds of changes in this based on the
idea that they have a free market in the US
and these are free market prices that are anything but
free market prices. And then they also claim that all
these excess profits are necessary for research and development, which
(40:13):
if that's true, it just simply means that American taxpayers,
American consumers are paying vast amounts of money to develop
drugs for the world that they're getting at a deep discount,
So that by itself is outrageous. But I'm making sure
that's true. I mean, a lot of these drugs are repurposed.
When you look at the GLS ones that everybody is
talking about for losing weight, they weren't developed as weight
(40:36):
loss drugs. They're developed as diabetes drugs, So that's the
secondary purpose. I mean, the research and development didn't discover
that it was.
Speaker 1 (40:43):
Discovered in use.
Speaker 9 (40:45):
So there's wild exaggeration concerning this black hole called R
and D, which we're supposed to just be shelling out
for forever. But there's what's fascinating to me about this.
Like I watched the press conference. It was totally great.
RFK was fantastic. Trump was amazing, and his scope of
(41:07):
his knowledge and its ferocity on the subject. Martin McCarey,
doctor Oz, and also Jay Badataria, We're all fantastic. Don't forget.
Jay Batataria is also a health economist who's got a
PhD in economics, and a classical liberal libertarian in some
ideological sense. But he recognizes too, this is about creating
(41:29):
an internationally competitive market price for these drugs, and so
he gave a very articulous statement. What shocks me about
the whole thing, or what strikes me is kind of
really interesting about this is that this order from the
top in Trump's right, it's it's epic. It's like nothing
(41:50):
like this has ever happened, has already set off wars
on the left and the right. I mean, for one thing,
the left is ostensibly always favored this until they got
in bed with big pharma, and now they're sort of
hilariously against it. So it puts in the awkward position
of arguing for higher drug prices on behalf of a
(42:11):
drug cartel. I mean, that's not a good place for
the Democrats to be in, but that's where Trump has
put them. And then on the other hand, you have
this sort of corporate right wing I guess lack of
a better term. For example, the Wall Street Journal and
almost every establishment libertarian, liberty, free market person online that
(42:33):
I could find is totally aggreinst this on grounds that
they say this is price control, which is an Orwelian
upside down claim, but they're making it every day.
Speaker 1 (42:47):
Yeah, Jeffrey, I know this is a complicated thing. I
asked you to try to do that in about five minutes,
but I appreciate you giving it an effort. Thank you.
All Right, we have light in the loop next hight.
(43:10):
It is time to lighten the mood. And Jill Biden
is just a heartless, heartless woman. She dragged poor Joe
out of retirement and threw a suit on him because
she has some new fake gig in Washington, d C.
Which will keep her rich and famous, and she had
poor Joe do this media tour, and she had to
(43:32):
sit there right by him the whole time to hold
his little hand, because Joe's just not even a functional
adult anymore. And they made him, they made him go
do the view and it went about like you thought
it was gonna go.
Speaker 10 (43:44):
Yeah, mister president. Since you left office, there have been
a number of books that have come out, deeply sourced
from democratic sources, that claim in your final year there
was a dramatic decline in your cognitive abilities in the
final year of your presidency. What is your response to
these allegations? Are these sources wrong?
Speaker 7 (44:03):
They are wrong. There's nothing to sustain that. We found
ourselves unable to deal with a lot of just basic
issues and I won't go into it in interesting time.
And so we went to work and we got it done.
And you know one of the things that.
Speaker 11 (44:22):
That well well, and listen, you know, one of the
things I think is that the people who wrote those
books were not in the White House with us, and
they didn't see how hard Joe worked every single day.
Speaker 2 (44:39):
They're all the the projects, the.
Speaker 4 (44:43):
Benefit how do you lead the world with having that?
Best instructions were how do you leave the world having
But out of the best health care role. How do
you lead the world without having the best education were
How do you lead the world and you don't have
that done?
Speaker 1 (45:00):
Four years. That man pretended to be our president for
four years. I'll see them up.
Speaker 8 (45:09):
Mm hmmmmmmmmmmmmm
Host
Jesse Kelly
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