September 3, 2025 • 45 mins
President Trump just made a big announcement regarding the Department of Defense, but it's actually an announcement he made on Truth Social that's drawing attention. Jesse Kelly breaks it down. Jesse also dives into the media's latest act of deception and explains why they're doing what they're doing. Plus, Senator Ron Johnson and Carol Roth join Jesse for tough talks about the U.S. economy.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:02):
Institutional trust. Let's talk about what's happening in the world
in our medical institutions. Senator Ron Johnson is here. Carol
Roth joins us, why is Trump about to declare in
economic emergency? All that and more coming up, But I'm right,
(00:25):
so before we get into our medical institutions specifically, I
just wanted to talk to you again about institutional trust, institutions, nations,
how nations remain, because I see something happening globally right now,
in many, many, many places, honestly, many places considered to
be Western civilization. I see this happening. It's happening here
(00:49):
in the United States of America, Canada, UK, of course, France, Germany.
I see this happening. A very very common thing throughout
history is happening. And this is how it oftentimes goes.
A country will be established somehow somewhat, and then the
country will begin to flourish and grow. People will be happy, prosperous,
(01:13):
and over time the institutions on which a nation is built. Remember,
nations are built on their institutions. They are the pillars
that hold your nation up. Your government, your education, your religion,
your entertainment, your various things. Those are institutional things that
create a country. Over time, the institutions will become corrupted
(01:36):
as the people check out, get too comfortable, lazy, whatever
word you want to put on it. The institutions will
be infiltrated and conquered by evil, corrupt people. And once
the institutions become corrupted by evil people, the institutions will
begin to serve themselves instead of the nation. You know
(01:57):
that the education institution of a country, it actually should
never be to serve the education. It should be to
serve the country. That should be the ultimate goal. The government.
People inside the government shouldn't exist to serve the government,
to better the government, enrich the government, span the government.
The government should exist to well help the country, serve
(02:21):
the country. But once it's conquered by evil, selfish people,
that changes. The institution focuses inward, focuses on itself, and
after that corruption happens, the institution will do terrible things.
It will lie. Evil act after evil act will happen,
(02:42):
and the people themselves will know it. No no matter
what age you're in. Today we all have cell phones, right,
you can read about it. But no matter what age
you're in, the people will begin to pick up on
the fact that this institution is turning evil, selfish, and
then something disastrous happened. The people will begin to separate
from the institution. They will begin to view the institution
(03:06):
as the enemy instead of a necessary pillar holding up society.
And once you get to that point, the end of
that country is in sight. I'm not saying it's happening tomorrow,
but you have to have trust between the people in
their institutions where the country will end. You cannot have
(03:29):
this separation and continue to exist as a country. It
doesn't work. And I see it happening globally right now.
I know you see it. Two institutions have already broken
the trust. Time after time, issue after issue, they've broken
the trust. And they're all virtually all of them except
for here in America, which we'll get to in a moment,
(03:49):
but virtually all institutions now are doing what they always do.
And it blows me away because the lesson of history
is quite clear. The institutions, instead of trying to earn
earn back the trust of the people, open up the books,
hold people accountable. Instead, they double down, triple down on
all the evil, selfish things, thus bringing about the end
(04:11):
of the country much faster than it would have happened otherwise.
Here in the United States of America, our institutions are
evil and corrupt as well. Evil, corrupt, dishonest. We don't
have to look very far back in history to see
an example of just how evil, corrupt, and dishonest our
institutions are. Remember COVID.
Speaker 2 (04:33):
You really should, in an indoor setting, a congregoates setting,
be wearing masks. It's just the appropriate thing to do
to defend, to protect yourself and your family.
Speaker 3 (04:45):
Our data from the CDCs today suggests you know that
vaccinated people do not carry the virus, don't get sick.
Speaker 4 (04:53):
Bibermectin is something more often used to deworm horses.
Speaker 5 (04:56):
If we really do our part stay at home distance,
then we can flatten our curve even below those projections.
Speaker 6 (05:04):
But it really depends on all of us.
Speaker 3 (05:06):
I'm making the personal sacrifices not to infect my parents
and my pregnant daughter. I worry about that because then
it gives people the option to say, well, bars and
restaurants are open, then I can have twenty people over
for Thanksgiving, and so I don't like it to be
any number. I like it to keep it to your
immediate household.
Speaker 1 (05:30):
Obviously, we could just play a montage that lasted the
whole show. Those were all lies. Every one of those
people was lying, and they knew they were lying, every
one of them lying evil and as they told, lie
after lie after lie. While your life was being destroyed,
while you had to say goodbye to your dying mother
on zoom, you couldn't have a funeral, while your child
lost their ability to read. That trust began to shatter
(05:53):
between our medical institution and this country. And then, of
course the vaccine, which of course is not a vaccine
at all, it's a therapeutic of some kind created by
and through Operation Warp Speed. Operation Warp Speed was terrible,
one of the most evil things this country has ever done.
(06:14):
That poisonous shot harmed numerous people who are still out
there searching for justice. Maybe that's you watching right now.
And up until recently even Trump was still touting.
Speaker 7 (06:24):
It despite COVID, which was very unfortunate situation for the
whole world. We did a great job with it. Never
got the credit for the job we did Operation Warp Speed.
People say, is that one of the greatest achievements ever
in politics or in the military because it was almost
a military procedure. But everybody, including Putin, said that operation
(06:50):
Warp Speed, what you did with that, nobody can believe it.
And we did a great job.
Speaker 1 (06:57):
It wasn't great, it was horrible. What was evil? It
was wrong. Now Donald Trump has to own that has
not really ever done so up until recently. So what
happened with Trump and Warp Speed, then I'm not excusing him,
So don't think that I am. What happened though, Donald
Trump was lied to by all the people around him.
(07:19):
Everyone's going to die. You're going to have fifty million
people dead. Everyone's going to die. Do you want to
be the president when fifty million people die? They're all
going to die a lot of death, mass death, mister president.
We need a vaccine now, we could get one ready
to go. We need this done now, fast track this thing.
Gigantic fat hand out to pharmaceutical companies who didn't have
to jump through any more hoops to make sure it
was safe, and out it goes. And now we have
(07:42):
pregnancies being terminated by the million. We won't even go
into that little number. Donald Trump was lied to, bought
into the lies, pushed it, and people die. But Donald
Trump has really, really solid people around him now that
to his credit, he has brought into the administration doctor J.
Martin McCarey, several others, smart people who know the truth
(08:06):
about this stuff. And Donald Trump is now hearing the truth.
And he put out this statement quote, it is very
important that the drug companies justify the success of their
various COVID drugs. Many people think they are a miracle
that saved millions of lives. Others disagree with the CDC
being ripped apart over this question. I want the answer,
and I want it now. They show me great numbers
(08:29):
and results, but don't seem to be showing them to
many others. I want them to show them now to
the CDC and the public and clear up this mess
one way or the other. I hope Operation Warp Speed
was as brilliant as many say it was. If not,
we all want to know about it and why now.
(08:52):
I know if you are somebody still angry about all
that that that seems like a small thing, and it is,
but it's also not. That is a huge first step.
And I will say this, that's more than is happening
in any other Western country to earn back the trust
(09:14):
of the people in their institutions. You can say it's small, Okay,
it's small. No one's doing that. In Canada they're all
doubling down, tripling down. No one's doing that in Germany,
in France and the UK. It's not happening anywhere else
in the Western world. It is slowly happening here. Bad
(09:34):
people are being removed from the government. The Trump administration
acknowledging when mistakes are made and fixing those mistakes, like
this Susan Monterez. Trump had someone else in mind to
head up CDC. Of course, Big Pharma didn't like him
because they are a bunch of evil, poisonous scump eggs,
so they own a bunch of United States Senators, including
(09:55):
Republicans like Builcasidy of Louisiana. They torpedoed his nomination and
trumpet with this Susan Monterez girl for some reason, because
there were red flags all over the place.
Speaker 8 (10:09):
What can we do to ensure that at Steady State,
not just in response to a pandemic, but at Steady State,
that we have an open and inclusive and a fully
benefiting clinical trial network so that we can ensure that
it's equitable, that it's accessible, that it isn't just skewed
towards a demographic or geographic or a patient population, but
(10:31):
we actually have an inclusive clinical trial network.
Speaker 1 (10:36):
You heard all the buzzwords, she's a dirty communist who
never should have been there. Well now she's gone, and
that's a good thing. Keep in mind where we were.
I just mentioned we have doctor Jay and others involved
now with the national health institutions of this country. Keep
in mind where we were. Remember when they tried to
create a new pandemic scare out of this monkey pox thing,
(10:59):
and they brought in this muddy buddy on TV to
tell you about it. The confusion exists, the misperceptions.
Speaker 6 (11:06):
Yeah, so I think you know this.
Speaker 5 (11:07):
This virus transmits through very close skin to skin physical contact,
often in the setting of sexual exposure, but there are
other mechanisms for its transmission, including if you touch objects
at individuals who've had monkey pocks touch, or if if
you have prolonged exposure to respiratory droplets. With that said,
signaling to people who are in the gay, bisexual, other
(11:28):
men who have sex with men communities, and also transgender
people who have sex with men, that it's really important
to have awareness that that's circulating in the community. Is
really a critical part of the messaging while not generating,
you know, inordinate concern and really focusing on the infection
as linked to an identity. So it's just an infection.
It's not linked to an identity. It just happens to
be in the social network.
Speaker 1 (11:50):
No, it's linked to one identity. It's a gay it's
a gay disease that only affects people who engage in
gay activity or the dogs they couple with. Yeah, you
forgot about that story, right, Those were the people who
were in charge of America's health institutions. Of course, that
dude resigned because we're getting rid of a lot of
(12:10):
the bad people in the CDC. Now he's the shining
star on all the morning shows trashing the Trump administration.
Speaker 4 (12:18):
We're seeing the tip of the iceberg. So right now,
I think probably the most prominent demonstration of that is
what Secretary Kennedy did with changing the childhood's schedule for
COVID nineteen, in that we were directed that only children
with underlying conditions would be the ones that should qualify
for vaccination. That's not what the data shows. I mean,
(12:41):
from my vantage point.
Speaker 5 (12:42):
As a doctor who's taken the hippocratic oath, I only
see harm cooming. I may be wrong, but based on
what I'm seeing, based on what I've heard with the
new members of the Advisory Committee for Immunization Practices or ACIP,
they're really moving in an ideologic direction where they want
to see the undoing of vaccination. Do you want to
see the undoing of mRNA vaccination? They have a very
(13:03):
specific target on COVID, but I do fear that they
have other things that they are going to be working on.
Hepatitis B vaccine is on the agenda for the meeting
in September. I predict that what they're going to do
is try to change the birth dose of hepatitis B
vaccine so that kids don't get it when they're born.
Speaker 1 (13:23):
Yeah, kids shouldn't be getting that when they're born. These
were the people who were in charge of the institutions.
They're being removed. Now. Be grateful that at least some
of our institutions are attempting to bring that trust back
to create that bond again. Is it enough? No, it's
(13:45):
not enough yet, It's more than we've had. All that
may have made you uncomfortable, but I am right. One
of the very few positives that came from COVID was
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(14:09):
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The most hardcore anti communist company I've ever dealt with
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(14:31):
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they have whatever you need, Chalk dot Com, slash Jesse TV.
We'll be back, all right, Let's talk again about the
(14:52):
world of make believe. Why are American Democrats so nuts?
Why are they so frantic all the time, so angry
all the time, so violent all the time, because they
live in a world of make believe that has been
created for them by the American media. They never seek
out alternate forms of media. They're not sitting here watching
(15:15):
I'm right they watch ABC, NBCCBSCNN, and they think, even
if they know it's biased, even if they're getting biased information,
they think they're getting some kernel of truth. But this
is the problem. They're not getting any kernel of truth.
It's kernelless. I don't think that's an actual word, but
(15:36):
you understand exactly what I mean. There's no truth. They
live in a world of make believe. For instance, you
probably remember CBS sixty minutes sitting down with Kamala Harris
when she's behind. She was pulling behind at the time,
and they sat down with her trying to fluff her up,
if you will, trying to pretty her up, make her
(15:57):
look better, smarter to the American public. Courtesy of May's Moore,
here's a little montage of what she actually said versus
what they showed.
Speaker 6 (16:07):
But it seems that Prime Minister net and Yah who
is not listening.
Speaker 9 (16:12):
Well, Bill, the work that we have done has resulted
in a number of movements in that region by Israel
that were very much prompted by or a result of
many things, including our advocacy for what needs to happen
(16:33):
in the region.
Speaker 6 (16:33):
But it seems that Prime Minister net and Yah, who
is not listening.
Speaker 9 (16:38):
We're not going to stop pursuing what is necessary for
the United States to be clear about where we stand
on the need for this war to end.
Speaker 1 (16:49):
Now, let me be clear, that's not editing, that's not bias.
That's lying. That's lying to make Kamala Harris look good.
That's lying so Kamala Harris can win an election. Donald
Trump famously sued them, and they famously settled sixteen million
(17:11):
dollars later. They just wrote a check for sixteen million
dollars because they knew they lied, And I'm sure Discovery
would have been pretty spicy behind the scenes. Now, one
of the most revealing parts of that was what came
after the reaction that came after Member Scott Pelly. Now
keep in mind, I just showed you the video. They lied,
They outright lied, Remember what Scott Pelley said about it.
Speaker 10 (17:36):
But in this moment, this moment, this morning, our sacred
rule of law is underattack. Journalism is underattack, universities are
under attack, Freedom of speech is underattack, and insidious fear.
Speaker 1 (18:00):
Is reaching.
Speaker 10 (18:03):
Through our schools, our businesses, our homes, and into our
private thoughts.
Speaker 1 (18:13):
The fear to speak in America.
Speaker 10 (18:18):
Diversity is now described as illegal. Equity is to be shunned.
Speaker 1 (18:28):
Journalism is under attack, that's what he thinks. Journalism is
life on behalf of Democrats. To him, that's journalism. If
I can't lie to help Democrats, how can I do
my job? And they just did the same thing to
Christy Knowles when on the news CBS. Credit to her
(18:50):
for putting this out there. This is what she said
versus what they show.
Speaker 11 (18:56):
And the one thing that we will continue to do
is to make sure that he doesn't want in the
United States of America. This individual was a known human smuggler,
a MS thirteen gang member, an individual who was a
wife beater, and someone who was so perverted that he
solicited nude photos from miners and even his fellow human
(19:16):
traffickers told him to knock it off. He was so
sick in what he was doing and how he was
treating small children. So he needs to never be in
the United States of America, and our administration is making
sure we're doing all that we can to bring him
to justice.
Speaker 1 (19:33):
That's not bias, that's not editing, that's lie. And that
is why the liberal and pagy in your life, whether
it's your mom or your daughter, your coworker, or your husband,
or your son or your neighbor. That is why they
believe all the way, a bunch of things that have
(19:53):
no basis in reality whatsoever, Because what goes into your
eyes and ears matters a lot. They are in a bubble,
a world of make believe that it's constantly being maintained
by the evil communists who run America's media. Now that's
the bad news. The good news is the American right
(20:14):
is waking up to this fact and exposing this fact.
The Trump administration is actually really good about this. They're
starting to film these things themselves and then broadcasting the
full interview while openly attacking the media. No more being
the low TGP and whining about hypocrisy. No no, no, no
no no. Call them filthy liars to their faces and
(20:37):
expose them to the world. Maybe, just maybe, your liberal
aunt Peggy can break out of that prison one day.
Fingers crossed for her. All right, now, Congress is back
in session. We'll talk to Senator Ron Johnson next about
the big spending bill, which I'm sure is coming for
(20:59):
your wallet. Before we talk to him, let me save
you some money, because Congress is about to spend all
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(21:20):
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(21:40):
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you'll stop sending your money to a company who hates you.
Pure Talk dot com slash Jesse TV. We'll be back. Well,
(22:03):
I do have some bad news. Well good news and
bad news. The good news is Senator Ron Johnson is here.
But the bad news is Congress is back in session.
So I'm sure we're about to get screwed in one
way or another. So joining me now, Senator Ron Johnson
from the great state of Wisconsin. Okay, Senator, before we
get into the spending, which I have no doubt is coming,
and we'll be told that we have to pass into
the world will come to an end. What's happening at
(22:25):
the CDC, because it looks like good things from my perspective.
Speaker 6 (22:29):
Well, Jesse, I would tend to agree with you.
Speaker 12 (22:32):
I don't have knowledge of all the inner workings, but
from my standpoint, I think federal health agencies were corrupted.
I think it's been obvious, certainly since COVID, that the
federal health agencies were captured by big pharma other interests.
They weren't serving the interest of the American public. They
were lying to us. I mean, there's a long list
of lies told during COVID. The injection was going to
(22:55):
stay in our arm, you know. Again, things we weren't
told about, the bio distribution of the of the injection
it's an injection, the covering up of the micratitis signal
that we know now we have documents of that. I
think there's gonna be more information coming out of other
signals that they also hid. So again, these agencies have
(23:17):
lost the trust in the American public because they haven't
been trustworthy. And these are the individuals that push the mandates.
They're the people that covered things up, lied to the
American public. And from my standpoint, I'm happy to see
him go.
Speaker 1 (23:34):
Senator. It's kind of a general question, but I think
the trust between people and their institutions is just everything
for a country, and then a country will end if
that trust is broken. Do the people who run these institutions,
all of them health, I mean, FBI, media, whatever, do
they realize that? Does that go into any of their
(23:55):
heads as they tell lie after lie and then cover
up the lie that they just told and then cover
up for the cover Do any of these people care
that that trust is necessary or the country will end?
Speaker 6 (24:06):
What I've found again, I'm not of this world.
Speaker 12 (24:08):
I'm an accountant from Oshcrash, Wisconsin, came here and never
ran for office. All of a sudden here in Washington,
d C. And this is a bubble. It's a very thick,
well insulated bubble. And I think that's the part of
the problem, is you have all this government concentrated right
here in this alternate universe. A better idea would literally
to be to send off these agencies into different states
(24:31):
so that the people that first of all serve those
agencies come from different places, not just within the Beltway here.
Speaker 6 (24:38):
But I think that's a big problem.
Speaker 12 (24:39):
I've often said that we just don't have enough people
in Washington, c not in the administration, not in congresstant
and congressional staff, they have any experience in which means
very little knowledge of and maybe worse sympathy for the
private sector.
Speaker 6 (24:52):
That they don't have a clue how hard.
Speaker 12 (24:54):
It is to run a business and how all the
rules of regulation, the taxes that they impose on businesses
just making that much more difficult. So it's just a
matter of a simply again no experience in, very little
knowledge of, and maybe worse, no sympathy for. And then
throw on top of that and we'll talk about this
with spending. They've never even been part of a functioning
(25:17):
organization where you have a mission statement. We had a
vision statement where we set annual goals, where the people
that are part of the organization understand their role they
play to accomplish those goals. And again here we are.
We don't appropriate these accounts, not in you know, any
kind of.
Speaker 6 (25:35):
Rational way.
Speaker 12 (25:36):
It's you know, these two thousand plus page on we
of spending bills that nobody has a chance to read.
Somebody writes them somewhere, they slip all kinds of crap
in there, and that's been accepted here like like, that's
how the government operates. It's a seven trillion, seven trillion
dollars a year entity, seven trillion dollars, seven thousand billion dollars,
(25:57):
and and we don't have our act together where we
actually appropriate. And again, all we're trying to appropriate is
about a quarter of it. Seventy five per cent of
is an automatic pilot, and they set it up that
way so they don't don't have to appropriate it. So
the government just continues to grow. And as government grows,
our freedom's received. So now I'm not a fan of
this place at.
Speaker 1 (26:16):
All, Senator Okay, I mean you brought it up. We
might as well get into this horrible subject. A spending
bill is coming of some kind. What is coming? Is
it multiple bills? Is it an omnibus bill? Is it?
What is coming? And how bad is it going to be?
Speaker 12 (26:33):
Probably the best case scenario just be a continuing resolution. Again,
it's an awful way to run government. But if you
have to do a deal with Democrats, they're going to
demand more spending and we can't afford it. Jessey, I
know you know that. Since January first this year, I've
been arguing that we must return to a pre pandemic
level of spending. We're not even close. I laid out
(26:56):
options somewhe between five point five and six point five
trillion dollars.
Speaker 6 (27:00):
We're still spending well over seven trillion.
Speaker 1 (27:02):
You know.
Speaker 12 (27:02):
The one big beautiful bill knocked that down a little bit,
but not by much, not not anywhere near enough. And
so probably the best situation is just continued spending at
this year's level, don't increase it. Do that for a
year after year after year. It's probably the best case
scenario until literally we have the public demanding fiscal conservatism. Now,
(27:26):
President Trump, you remember, in his address to Congress, said
he wanted to do something in the near term that
hasn't been done in twenty four years, balance the federal budget. Well, listen,
no president in my lifetime has honored his promises more
than President Trump has. I want to hold him to
his word. Now, I'll do everything I can to help
him with that line by line review, program by program
(27:48):
review of the federal budget.
Speaker 6 (27:49):
You know, nothing should be out the table, but that's
what it's gonna take.
Speaker 12 (27:53):
It's gonna take like forensic accounting, an analysis and information
and the public has to be behind us, because that's
a big problem Jesse when you don't have the public
demanding it. But what public wants is they want their benefits, right,
they want their benefits. You can cut somebody else benefit,
but don't don't cut my benefit. And by the way,
tax somebody else for my benefit as well. So that's
(28:15):
that's the game. The American public is basically paying or
playing tax somebody else to provide me my benefit. No,
by the way, increase my benefit. That's that's the state
of play in America.
Speaker 1 (28:26):
Day.
Speaker 12 (28:27):
Yeah, yeah, driving driving, driving to the airport today, I
was listened to Wisconsin Talk Radio. Three and a half
million riders of the Milwaukee transit system don't pay the
bus fair. That's like eight million bus fairs going unpaid annually.
Speaker 6 (28:46):
That is the level of lock.
Speaker 12 (28:48):
Of respect for law, the lawlessness that.
Speaker 6 (28:51):
That we're we're living in today here in America. It's
not a pretty.
Speaker 1 (28:54):
Sight speaking of lawlessness. Look, I'll you don't want to
single her out, even though I can't stand her. Ilhan
Omar's big story out there today that she makes one
hundred and seventy four thousand dollars a year. Her net
worth is thirty million dollars. We hear about the stock
trading all the time, where members of Congress somehow beat
Warren Buffett every single year in the stock market. It's
(29:17):
such naked corruption that seems like it should be such
an easy thing to solve. What is happening back there?
Speaker 12 (29:24):
Well, again, I don't know the specifics of her situation,
but it sounds like she was funneling campaign contributions to
her now husband when he was not her husband. And
they build up a little nestig there. And again I
don't know how else they they've built their wealth, but yeah,
I mean something like her it goes from nothing to
six to thirty million dollars in wealth. Again, that's it's
(29:46):
a weird account. It's a weird fancier disclosure. They have
these ranges from one to five million, five to twenty
five million, so you can really overexaggerate what member of
Congress is worth. But apparently her minimum is six million dollars,
and I think that ought to be investigator. Remember when
this came before Homeland Security and we had Amendment Rix
got at a great amendment. Well, why don't we investigate
(30:08):
how Nancy Pelosi got all our wealth? To do the
same thing with elon Omar or anybody else who just
has this outsized wealth that they didn't come into Congress with,
but all of a sudden, after serving a few years,
all of a sudden, they're worth millions that ought to
be investigated and, if necessary, prosecuted.
Speaker 6 (30:24):
We have laws on the books to prevent this kind
of fraud.
Speaker 1 (30:30):
Senator, back to what we were talking about before, you
mentioned three quarters of the spending is automatic. Is there
any way to undo that or is all of it
these third rail of politics stuff where the second you
bring it up, someone's going to say, you're trying to
take away Grandma's Social Security and you lose your next election.
Can we do anything about this spence?
Speaker 12 (30:52):
The thing I continue to point out is if you
leave social Security and Medicare off the table, even Medicaid,
we've got a trillion dollars of other mandatory spending.
Speaker 6 (31:01):
It should be discrationinary spending.
Speaker 12 (31:03):
But again, what Congress has done, because they want to
keep spending more money, is they just deediously transfer what
should be discrationinary spending appropriated to other mandatory so it
just becomes mandatory. And again it's out of sight, out
of control, so that fast game they've been playing.
Speaker 6 (31:21):
But that's why I keep pointing.
Speaker 12 (31:23):
Out there's close to four hundred billion dollars that we're
spending this year that if you take twenty nineteen expenditures
plus them up by inflation population, we're spending four hundred
billion dollars more than that inflated figure from twenty nineteen,
and that excludes socis, Kitty and Medicare.
Speaker 1 (31:44):
Senator, thank you so much. I appreciate you. It always
kind of bums me out when we talk about spending
because it kind of seems I hate to even use
this word hopeless, doesn't it. It's the same conversation every time.
Well we can, we won't. No, no one's gonna cut
(32:06):
anything continuing resolution until we're all bankrupt. Let's doctor Carol
Roth next.
Speaker 6 (32:22):
Remain to declare national housingsency. Oh wow, is there a
timeline for that?
Speaker 1 (32:31):
See, that's exactly why I don't do radio remotes. You
know where you go broadcast from the local auto dealership
or something like that. Do you here, I'll terrible that
that audio is go to a studio so I don't
have to hear everybody in the background. Anyway, What what's
going on with the housing emergency. This stuff joining me now.
Carol Roth two times New York Times best selling author,
(32:51):
former investment banker Carol Okay, First of all, do we
have a housing emergency? What is it? If we do well? Well?
Speaker 13 (33:00):
It depends on your definition of emergency, Jesse. And obviously
we've had a lot of national emergencies that have been
declared which aren't emergencies. So in our non emergency emergencies,
I would say housing probably ranks near the top, because
there is at least an affordability crisis, and we certainly
(33:21):
could use some more housing. So I think it's a
good thing to focus on in terms of what it
is that the government can do at the federal level
to make housing more affordable, you know, that's sort of
a big question. I mean, some of the things are tangential.
They could make colleges more affordable by getting the government
(33:44):
out of college funding, which would then not burden young
people with debt and give them more money to be
able to compete in the market. They could try to
do things to clear out some of the red tape
and any of the regulatory co at the national level.
They could make more mortgages assumable. Right now, about eighty
(34:07):
percent of mortgages are not assumable, and that would make
it certainly, you know, more less expensive, as I should say,
to get into the market and create more movement in
terms of the supply side for people who you know,
are worried about being stuck and not being able to
get a better mortgage if they move properties. But you know,
(34:29):
some of the issues really are at the federal and
local level. I mean, property taxes and insurance tend to
outweigh the cost of mortgages and many locales, and so
even if you can afford getting into the house, you
may not be able to afford the carrying cost. So
certainly a lot of work to be done here, whether
you want to call it an emergency or just a
(34:52):
very important thing to focus.
Speaker 1 (34:53):
On, all right, Carol, So walk me through this. These
presidents all declare things to be emergencies so they can
assume powers they wouldn't otherwise. Have not a big fan
but we'll set that aside for the moment. What does
declaring a housing emergency give them the authority to do
that they don't already have the authority to do.
Speaker 13 (35:16):
I think that's an excellent question. You know, I'm not
a lawyer, and I don't play one on TV. This administration,
as with other administrations, don't seem to be burdened by
what it is that they can or cannot do legally.
So I think that, you know, they're going to try
their hand in any of those things that I talked about,
and probably some of those they have the constitutional authority
(35:40):
to do, and some of them, you know, somebody may
push back on. But I do think that, you know,
working with Congress to try to create a scenario where
we have more housing, where it's more affordable, without the
government getting you know, entrenched in building housing or something
ridiculous like that. But things that remove the barriers certainly
(36:05):
make sense here. And you know, I'm sure some of
the ideas will be really great and others will probably
be pulling our hair out.
Speaker 1 (36:14):
Okay, please God, don't let the government start building houses,
Carol A. A lot has been made about people, especially
young people, not being able to afford a house now
the way we used to be able to when we
were younger, and I understand all that. How much do
these large corporations like Blackrock buying up residential homes in
(36:35):
mass How much does that come into play and is
there something we can or should do about that?
Speaker 13 (36:41):
So you know, in my book, you will own nothing.
This is something that I floated. We did not have
institutional ownership in the housing market. You're twelve or thirteen
years ago, and now it has become a very big
part of new housing purchases, something between twenty or twenty
five of new housing purchases. It doesn't mean that these
(37:03):
institutions own twenty to twenty five percent of the full
market because obviously, you know, you get you don't have
turnover of every house every year, and of that twenty
and twenty five percent, some of them may be corporate
entities that are smaller mom and pops. One thing I
do want to set the record straight on which I
think is really important as we talk about this, because
(37:25):
we don't want to have corporations you're coming in and renting.
You back the American dream. And I think that it
doesn't fall as much on the government as it falls
on individuals to not sell your house to big corporation.
But we have to learn the difference between black Rock
and Blackstone. So Blackstone is a private equity firm that
(37:47):
makes direct investments in companies those that is the firm
that goes in and buys up housing. Okay, black Rock
is an asset manager. They have lots of assets under
management because you go and you buy one of their
investing one of their ETFs, and then that's counted under
you know, their assets under management. But they may have,
(38:09):
through your investment and their ETF structure, some indirect ownership
in some of these companies that go out and purchase
houses and rent them back to people, but they are
not doing the direct buying. And I think a lot
of people get confused between the two because they sound
the same. They used to be related at one point
in time. But Blackstone is the one that's buying up
(38:30):
the houses, and Blackrock has all of your assets under management.
So we'll continue to hammer this home, and if nothing else,
you learn that today.
Speaker 1 (38:40):
Blackstone also makes those wonderful flat top grills. I'm sure
it's a totally separate company that I'm making up right now,
but I have one of these Blackstones, and it's the
best thing to make breakfast on Carol. You can you
can put eggs and bacon and pancakes all of one thing.
Speaker 6 (38:56):
Yeah, that's good stuff.
Speaker 13 (38:58):
Yeah, Yeah, good up. Yeah, that's that's let's not let's
not solely their name. That is the good Blackstone.
Speaker 6 (39:06):
They are not going out in their house.
Speaker 13 (39:08):
They are making your home more delicious, which is different
than the private equity fun Blackstone. So just just so
that we don't get.
Speaker 1 (39:14):
So true, yeah, so true. It even makes it easy
to toast the burger buttons because you put it anyway,
Let's stay focused. Scott Pissen said there may be a
rape cut here.
Speaker 14 (39:23):
He was I believe that we're getting the signals from
Chair Powell from Market Pricing that we are going to
get a rake cut in September. I think we've seen
from Governor Waller he believes that could be a series
of rape cuts. We've seen that from Governor Bowman. That
(39:43):
looks like they are adopting a more and more dubbish
tone here. So it looks like we could start moving
We are in a highly restrictive monetary posture right now.
It looks like we could start moving away from that.
Speaker 1 (40:01):
Okay, so I'm assuming that means they think inflation's under control.
Speaker 13 (40:06):
Well, first of all, I think that sitting at that diner,
he was wishing that he had breakfast on a blackstone,
but he didn't, and so now we have to talk
about Ray cuts instead. So you know, inflation is not
under control. You know, based on the most recent data,
if we accept that data as correct, which we all
know is under counting inflation, it's still fifty percent higher
(40:30):
than their target of two percent, and two percent is
still eating up your money every year. So I don't
know that they feel like that it's that inflation is
under control. I think that the reality of the situation
is that FED policy is probably not going to influence
inflation at these late levels. Inflation will be influenced by
(40:51):
a whole host of other things, including the crazy deficits
that we continue to run in our national debt, but
not necessarily by a twenty five point policy cut. The
crazy thing, Jesse, is that you're hearing, oh, we're going
to get cuts.
Speaker 6 (41:06):
You heard it.
Speaker 13 (41:07):
From Powell basically, and Jackson Hole said that's what he
was thinking was going to happen. You're hearing it from Bessett,
you're hearing it from some of these FED governors. But
if you look at what the market is doing as
we're having this conversation, the rates that yields on the
long term treasuries the ten year, in the thirty year,
what are they doing in response to a potential rate cut.
(41:29):
They are going in the opposite direction. So that does
mean that the market believes that they're going to be
inflationary pressures and other things coming down the pike. Otherwise
you would see it moving in lockstep with what the
expected outcome is going to have. So while the Fed
can influence short term rates, those longer term rates which
(41:51):
impact longer term financing for the US government, that is
set by the market, and the Mark is saying, yeah,
we don't believe so. And by the way, Gold saying
the same thing too. On the tear again today.
Speaker 1 (42:05):
All right, Carol, before I let you go real quick,
are tariffs helping pay down the national debt? I keep
seeing this claim.
Speaker 13 (42:12):
Well, insomuch as that a tariff is a tax, and
that they have collected more in taxes from US taxpayers,
from corporations, you know, they can put that money towards
reducing the deficit. It's certainly not paying down the debt
because we still are running a massive, you know, close
(42:33):
to two trillion dollar deficits. So until that deficit goes
to zero, we're still racking up additional dollars of debt.
That's the only way that we finance our deficits. So
the challenge comes that because this money is primarily coming
out of consumers and businesses pockets, that eventually that's less
money for the consumers to be able to spend on
(42:55):
other things in the economy. Same thing with corporation. It
creates an impact on the taxes that they're going to
pay elsewhere. So the question is, you know, do we
get any sort of a bump or over you know,
when we look at this over a period a year
or a year and a half, you know, does it
actually create a drag on the amount of revenue that
they're otherwise able to collect and net will either come
(43:19):
out in the same position or a worse position, because
it's just taxes moving from one pocket to another pocket,
not really creating a new source of growth which is
driving you know, incremental revenue so to speak.
Speaker 1 (43:36):
Thank you, Carol, come back. We have light in the mood. Next.
All right, it's time to lighten the mood, and we
have a couple of congressional retirements that lighten my mood.
(43:57):
Jerry Nadler has been a piece of crap for a
very long time in the House of Representatives. But he's
been more than a piece of crap. He's a piece
of crap who announced his retirement, but he's more than
that too. He's a piece of crap who announces his
retirement while also carrying crap around in his pants.
Speaker 2 (44:14):
This subject not part of this package of preserving our democracy. Glad,
I'm pleased to you.
Speaker 1 (44:25):
We may or may not have had it. The sound
effects still one of the funniest things I've ever seen
in my life that couldn't possibly happen to a nicer guy. Also,
Jony Ernst, Republican Senator completely useless of Iowa, announced she
also won't be seeking re election. She has done the
best she can to rebrand herself as some America First warrior.
But let us not forget that Joni Ernst was by
(44:48):
far the loudest voice in the United States Senate trying
to torpedo Donald Trump's Secretary of Defense nominee Pete Hegseeth
before he even got rolling. I know she's done everything
possible to bend over backwards, to lie about that fact
now and to act as if she's on our side.
But one more useless senator gone. Let's hope Iowa gets
(45:09):
its stuff together and gives us a decent one. The
next time my mood is lightened, I'll see them all
Institutional trust. Let's talk about what's happening in the world
in our medical institutions. Senator Ron Johnson is here. Carol
Roth joins us, why is Trump about to declare in
economic emergency? All that and more coming up, But I'm right,
(00:25):
so before we get into our medical institutions specifically, I
just wanted to talk to you again about institutional trust, institutions, nations,
how nations remain, because I see something happening globally right now,
in many, many, many places, honestly, many places considered to
be Western civilization. I see this happening. It's happening here
(00:49):
in the United States of America, Canada, UK, of course, France, Germany.
I see this happening. A very very common thing throughout
history is happening. And this is how it oftentimes goes.
A country will be established somehow somewhat, and then the
country will begin to flourish and grow. People will be happy, prosperous,
(01:13):
and over time the institutions on which a nation is built. Remember,
nations are built on their institutions. They are the pillars
that hold your nation up. Your government, your education, your religion,
your entertainment, your various things. Those are institutional things that
create a country. Over time, the institutions will become corrupted
(01:36):
as the people check out, get too comfortable, lazy, whatever
word you want to put on it. The institutions will
be infiltrated and conquered by evil, corrupt people. And once
the institutions become corrupted by evil people, the institutions will
begin to serve themselves instead of the nation. You know
(01:57):
that the education institution of a country, it actually should
never be to serve the education. It should be to
serve the country. That should be the ultimate goal. The government.
People inside the government shouldn't exist to serve the government,
to better the government, enrich the government, span the government.
The government should exist to well help the country, serve
(02:21):
the country. But once it's conquered by evil, selfish people,
that changes. The institution focuses inward, focuses on itself, and
after that corruption happens, the institution will do terrible things.
It will lie. Evil act after evil act will happen,
(02:42):
and the people themselves will know it. No no matter
what age you're in. Today we all have cell phones, right,
you can read about it. But no matter what age
you're in, the people will begin to pick up on
the fact that this institution is turning evil, selfish, and
then something disastrous happened. The people will begin to separate
from the institution. They will begin to view the institution
(03:06):
as the enemy instead of a necessary pillar holding up society.
And once you get to that point, the end of
that country is in sight. I'm not saying it's happening tomorrow,
but you have to have trust between the people in
their institutions where the country will end. You cannot have
(03:29):
this separation and continue to exist as a country. It
doesn't work. And I see it happening globally right now.
I know you see it. Two institutions have already broken
the trust. Time after time, issue after issue, they've broken
the trust. And they're all virtually all of them except
for here in America, which we'll get to in a moment,
(03:49):
but virtually all institutions now are doing what they always do.
And it blows me away because the lesson of history
is quite clear. The institutions, instead of trying to earn
earn back the trust of the people, open up the books,
hold people accountable. Instead, they double down, triple down on
all the evil, selfish things, thus bringing about the end
(04:11):
of the country much faster than it would have happened otherwise.
Here in the United States of America, our institutions are
evil and corrupt as well. Evil, corrupt, dishonest. We don't
have to look very far back in history to see
an example of just how evil, corrupt, and dishonest our
institutions are. Remember COVID.
Speaker 2 (04:33):
You really should, in an indoor setting, a congregoates setting,
be wearing masks. It's just the appropriate thing to do
to defend, to protect yourself and your family.
Speaker 3 (04:45):
Our data from the CDCs today suggests you know that
vaccinated people do not carry the virus, don't get sick.
Speaker 4 (04:53):
Bibermectin is something more often used to deworm horses.
Speaker 5 (04:56):
If we really do our part stay at home distance,
then we can flatten our curve even below those projections.
Speaker 6 (05:04):
But it really depends on all of us.
Speaker 3 (05:06):
I'm making the personal sacrifices not to infect my parents
and my pregnant daughter. I worry about that because then
it gives people the option to say, well, bars and
restaurants are open, then I can have twenty people over
for Thanksgiving, and so I don't like it to be
any number. I like it to keep it to your
immediate household.
Speaker 1 (05:30):
Obviously, we could just play a montage that lasted the
whole show. Those were all lies. Every one of those
people was lying, and they knew they were lying, every
one of them lying evil and as they told, lie
after lie after lie. While your life was being destroyed,
while you had to say goodbye to your dying mother
on zoom, you couldn't have a funeral, while your child
lost their ability to read. That trust began to shatter
(05:53):
between our medical institution and this country. And then, of
course the vaccine, which of course is not a vaccine
at all, it's a therapeutic of some kind created by
and through Operation Warp Speed. Operation Warp Speed was terrible,
one of the most evil things this country has ever done.
(06:14):
That poisonous shot harmed numerous people who are still out
there searching for justice. Maybe that's you watching right now.
And up until recently even Trump was still touting.
Speaker 7 (06:24):
It despite COVID, which was very unfortunate situation for the
whole world. We did a great job with it. Never
got the credit for the job we did Operation Warp Speed.
People say, is that one of the greatest achievements ever
in politics or in the military because it was almost
a military procedure. But everybody, including Putin, said that operation
(06:50):
Warp Speed, what you did with that, nobody can believe it.
And we did a great job.
Speaker 1 (06:57):
It wasn't great, it was horrible. What was evil? It
was wrong. Now Donald Trump has to own that has
not really ever done so up until recently. So what
happened with Trump and Warp Speed, then I'm not excusing him,
So don't think that I am. What happened though, Donald
Trump was lied to by all the people around him.
(07:19):
Everyone's going to die. You're going to have fifty million
people dead. Everyone's going to die. Do you want to
be the president when fifty million people die? They're all
going to die a lot of death, mass death, mister president.
We need a vaccine now, we could get one ready
to go. We need this done now, fast track this thing.
Gigantic fat hand out to pharmaceutical companies who didn't have
to jump through any more hoops to make sure it
was safe, and out it goes. And now we have
(07:42):
pregnancies being terminated by the million. We won't even go
into that little number. Donald Trump was lied to, bought
into the lies, pushed it, and people die. But Donald
Trump has really, really solid people around him now that
to his credit, he has brought into the administration doctor J.
Martin McCarey, several others, smart people who know the truth
(08:06):
about this stuff. And Donald Trump is now hearing the truth.
And he put out this statement quote, it is very
important that the drug companies justify the success of their
various COVID drugs. Many people think they are a miracle
that saved millions of lives. Others disagree with the CDC
being ripped apart over this question. I want the answer,
and I want it now. They show me great numbers
(08:29):
and results, but don't seem to be showing them to
many others. I want them to show them now to
the CDC and the public and clear up this mess
one way or the other. I hope Operation Warp Speed
was as brilliant as many say it was. If not,
we all want to know about it and why now.
(08:52):
I know if you are somebody still angry about all
that that that seems like a small thing, and it is,
but it's also not. That is a huge first step.
And I will say this, that's more than is happening
in any other Western country to earn back the trust
(09:14):
of the people in their institutions. You can say it's small, Okay,
it's small. No one's doing that. In Canada they're all
doubling down, tripling down. No one's doing that in Germany,
in France and the UK. It's not happening anywhere else
in the Western world. It is slowly happening here. Bad
(09:34):
people are being removed from the government. The Trump administration
acknowledging when mistakes are made and fixing those mistakes, like
this Susan Monterez. Trump had someone else in mind to
head up CDC. Of course, Big Pharma didn't like him
because they are a bunch of evil, poisonous scump eggs,
so they own a bunch of United States Senators, including
(09:55):
Republicans like Builcasidy of Louisiana. They torpedoed his nomination and
trumpet with this Susan Monterez girl for some reason, because
there were red flags all over the place.
Speaker 8 (10:09):
What can we do to ensure that at Steady State,
not just in response to a pandemic, but at Steady State,
that we have an open and inclusive and a fully
benefiting clinical trial network so that we can ensure that
it's equitable, that it's accessible, that it isn't just skewed
towards a demographic or geographic or a patient population, but
(10:31):
we actually have an inclusive clinical trial network.
Speaker 1 (10:36):
You heard all the buzzwords, she's a dirty communist who
never should have been there. Well now she's gone, and
that's a good thing. Keep in mind where we were.
I just mentioned we have doctor Jay and others involved
now with the national health institutions of this country. Keep
in mind where we were. Remember when they tried to
create a new pandemic scare out of this monkey pox thing,
(10:59):
and they brought in this muddy buddy on TV to
tell you about it. The confusion exists, the misperceptions.
Speaker 6 (11:06):
Yeah, so I think you know this.
Speaker 5 (11:07):
This virus transmits through very close skin to skin physical contact,
often in the setting of sexual exposure, but there are
other mechanisms for its transmission, including if you touch objects
at individuals who've had monkey pocks touch, or if if
you have prolonged exposure to respiratory droplets. With that said,
signaling to people who are in the gay, bisexual, other
(11:28):
men who have sex with men communities, and also transgender
people who have sex with men, that it's really important
to have awareness that that's circulating in the community. Is
really a critical part of the messaging while not generating,
you know, inordinate concern and really focusing on the infection
as linked to an identity. So it's just an infection.
It's not linked to an identity. It just happens to
be in the social network.
Speaker 1 (11:50):
No, it's linked to one identity. It's a gay it's
a gay disease that only affects people who engage in
gay activity or the dogs they couple with. Yeah, you
forgot about that story, right, Those were the people who
were in charge of America's health institutions. Of course, that
dude resigned because we're getting rid of a lot of
(12:10):
the bad people in the CDC. Now he's the shining
star on all the morning shows trashing the Trump administration.
Speaker 4 (12:18):
We're seeing the tip of the iceberg. So right now,
I think probably the most prominent demonstration of that is
what Secretary Kennedy did with changing the childhood's schedule for
COVID nineteen, in that we were directed that only children
with underlying conditions would be the ones that should qualify
for vaccination. That's not what the data shows. I mean,
(12:41):
from my vantage point.
Speaker 5 (12:42):
As a doctor who's taken the hippocratic oath, I only
see harm cooming. I may be wrong, but based on
what I'm seeing, based on what I've heard with the
new members of the Advisory Committee for Immunization Practices or ACIP,
they're really moving in an ideologic direction where they want
to see the undoing of vaccination. Do you want to
see the undoing of mRNA vaccination? They have a very
(13:03):
specific target on COVID, but I do fear that they
have other things that they are going to be working on.
Hepatitis B vaccine is on the agenda for the meeting
in September. I predict that what they're going to do
is try to change the birth dose of hepatitis B
vaccine so that kids don't get it when they're born.
Speaker 1 (13:23):
Yeah, kids shouldn't be getting that when they're born. These
were the people who were in charge of the institutions.
They're being removed. Now. Be grateful that at least some
of our institutions are attempting to bring that trust back
to create that bond again. Is it enough? No, it's
(13:45):
not enough yet, It's more than we've had. All that
may have made you uncomfortable, but I am right. One
of the very few positives that came from COVID was
I got to discover Chalk, wonderful natural herbal supplements, the
best I've ever had in my entire life. I discovered
Chalk because while everyone else was panicking and running for
(14:09):
the hills, Chok was telling people to go outside, get
some exercise, take the stupid mask off your freaking face.
The most hardcore anti communist company I've ever dealt with
in my entire life. I take a male vitality stack
from Chalk every single day. Keeps me full of pep,
keeps me feeling good every single day. They have female
(14:31):
vitality stacks. They have a great all natural pre workout,
they have whatever you need, Chalk dot Com, slash Jesse TV.
We'll be back, all right, Let's talk again about the
(14:52):
world of make believe. Why are American Democrats so nuts?
Why are they so frantic all the time, so angry
all the time, so violent all the time, because they
live in a world of make believe that has been
created for them by the American media. They never seek
out alternate forms of media. They're not sitting here watching
(15:15):
I'm right they watch ABC, NBCCBSCNN, and they think, even
if they know it's biased, even if they're getting biased information,
they think they're getting some kernel of truth. But this
is the problem. They're not getting any kernel of truth.
It's kernelless. I don't think that's an actual word, but
(15:36):
you understand exactly what I mean. There's no truth. They
live in a world of make believe. For instance, you
probably remember CBS sixty minutes sitting down with Kamala Harris
when she's behind. She was pulling behind at the time,
and they sat down with her trying to fluff her up,
if you will, trying to pretty her up, make her
(15:57):
look better, smarter to the American public. Courtesy of May's Moore,
here's a little montage of what she actually said versus
what they showed.
Speaker 6 (16:07):
But it seems that Prime Minister net and Yah who
is not listening.
Speaker 9 (16:12):
Well, Bill, the work that we have done has resulted
in a number of movements in that region by Israel
that were very much prompted by or a result of
many things, including our advocacy for what needs to happen
(16:33):
in the region.
Speaker 6 (16:33):
But it seems that Prime Minister net and Yah, who
is not listening.
Speaker 9 (16:38):
We're not going to stop pursuing what is necessary for
the United States to be clear about where we stand
on the need for this war to end.
Speaker 1 (16:49):
Now, let me be clear, that's not editing, that's not bias.
That's lying. That's lying to make Kamala Harris look good.
That's lying so Kamala Harris can win an election. Donald
Trump famously sued them, and they famously settled sixteen million
(17:11):
dollars later. They just wrote a check for sixteen million
dollars because they knew they lied, And I'm sure Discovery
would have been pretty spicy behind the scenes. Now, one
of the most revealing parts of that was what came
after the reaction that came after Member Scott Pelly. Now
keep in mind, I just showed you the video. They lied,
They outright lied, Remember what Scott Pelley said about it.
Speaker 10 (17:36):
But in this moment, this moment, this morning, our sacred
rule of law is underattack. Journalism is underattack, universities are
under attack, Freedom of speech is underattack, and insidious fear.
Speaker 1 (18:00):
Is reaching.
Speaker 10 (18:03):
Through our schools, our businesses, our homes, and into our
private thoughts.
Speaker 1 (18:13):
The fear to speak in America.
Speaker 10 (18:18):
Diversity is now described as illegal. Equity is to be shunned.
Speaker 1 (18:28):
Journalism is under attack, that's what he thinks. Journalism is
life on behalf of Democrats. To him, that's journalism. If
I can't lie to help Democrats, how can I do
my job? And they just did the same thing to
Christy Knowles when on the news CBS. Credit to her
(18:50):
for putting this out there. This is what she said
versus what they show.
Speaker 11 (18:56):
And the one thing that we will continue to do
is to make sure that he doesn't want in the
United States of America. This individual was a known human smuggler,
a MS thirteen gang member, an individual who was a
wife beater, and someone who was so perverted that he
solicited nude photos from miners and even his fellow human
(19:16):
traffickers told him to knock it off. He was so
sick in what he was doing and how he was
treating small children. So he needs to never be in
the United States of America, and our administration is making
sure we're doing all that we can to bring him
to justice.
Speaker 1 (19:33):
That's not bias, that's not editing, that's lie. And that
is why the liberal and pagy in your life, whether
it's your mom or your daughter, your coworker, or your husband,
or your son or your neighbor. That is why they
believe all the way, a bunch of things that have
(19:53):
no basis in reality whatsoever, Because what goes into your
eyes and ears matters a lot. They are in a bubble,
a world of make believe that it's constantly being maintained
by the evil communists who run America's media. Now that's
the bad news. The good news is the American right
(20:14):
is waking up to this fact and exposing this fact.
The Trump administration is actually really good about this. They're
starting to film these things themselves and then broadcasting the
full interview while openly attacking the media. No more being
the low TGP and whining about hypocrisy. No no, no, no
no no. Call them filthy liars to their faces and
(20:37):
expose them to the world. Maybe, just maybe, your liberal
aunt Peggy can break out of that prison one day.
Fingers crossed for her. All right, now, Congress is back
in session. We'll talk to Senator Ron Johnson next about
the big spending bill, which I'm sure is coming for
(20:59):
your wallet. Before we talk to him, let me save
you some money, because Congress is about to spend all
the years. Let's let's get you a Pure Talk phone plan.
You don't need a Verizon phone plan. You don't need
an AT and T phone plan. You don't need T Mobile.
You're paying too much money, way too much money, not
(21:20):
a little, way too much money. I had the best
case of sticker shock ever when I switched our family
from T Mobile to Pure Talk. Half. We now pay
half of what we were paying. And remember, you're not
sacrificing anything. Keep your phone, keep your phone number, or
(21:40):
get a new one. They have new ones they'll sell you,
but you'll pay so much less, save some money, and
you'll stop sending your money to a company who hates you.
Pure Talk dot com slash Jesse TV. We'll be back. Well,
(22:03):
I do have some bad news. Well good news and
bad news. The good news is Senator Ron Johnson is here.
But the bad news is Congress is back in session.
So I'm sure we're about to get screwed in one
way or another. So joining me now, Senator Ron Johnson
from the great state of Wisconsin. Okay, Senator, before we
get into the spending, which I have no doubt is coming,
and we'll be told that we have to pass into
the world will come to an end. What's happening at
(22:25):
the CDC, because it looks like good things from my perspective.
Speaker 6 (22:29):
Well, Jesse, I would tend to agree with you.
Speaker 12 (22:32):
I don't have knowledge of all the inner workings, but
from my standpoint, I think federal health agencies were corrupted.
I think it's been obvious, certainly since COVID, that the
federal health agencies were captured by big pharma other interests.
They weren't serving the interest of the American public. They
were lying to us. I mean, there's a long list
of lies told during COVID. The injection was going to
(22:55):
stay in our arm, you know. Again, things we weren't
told about, the bio distribution of the of the injection
it's an injection, the covering up of the micratitis signal
that we know now we have documents of that. I
think there's gonna be more information coming out of other
signals that they also hid. So again, these agencies have
(23:17):
lost the trust in the American public because they haven't
been trustworthy. And these are the individuals that push the mandates.
They're the people that covered things up, lied to the
American public. And from my standpoint, I'm happy to see
him go.
Speaker 1 (23:34):
Senator. It's kind of a general question, but I think
the trust between people and their institutions is just everything
for a country, and then a country will end if
that trust is broken. Do the people who run these institutions,
all of them health, I mean, FBI, media, whatever, do
they realize that? Does that go into any of their
(23:55):
heads as they tell lie after lie and then cover
up the lie that they just told and then cover
up for the cover Do any of these people care
that that trust is necessary or the country will end?
Speaker 6 (24:06):
What I've found again, I'm not of this world.
Speaker 12 (24:08):
I'm an accountant from Oshcrash, Wisconsin, came here and never
ran for office. All of a sudden here in Washington,
d C. And this is a bubble. It's a very thick,
well insulated bubble. And I think that's the part of
the problem, is you have all this government concentrated right
here in this alternate universe. A better idea would literally
to be to send off these agencies into different states
(24:31):
so that the people that first of all serve those
agencies come from different places, not just within the Beltway here.
Speaker 6 (24:38):
But I think that's a big problem.
Speaker 12 (24:39):
I've often said that we just don't have enough people
in Washington, c not in the administration, not in congresstant
and congressional staff, they have any experience in which means
very little knowledge of and maybe worse sympathy for the
private sector.
Speaker 6 (24:52):
That they don't have a clue how hard.
Speaker 12 (24:54):
It is to run a business and how all the
rules of regulation, the taxes that they impose on businesses
just making that much more difficult. So it's just a
matter of a simply again no experience in, very little
knowledge of, and maybe worse, no sympathy for. And then
throw on top of that and we'll talk about this
with spending. They've never even been part of a functioning
(25:17):
organization where you have a mission statement. We had a
vision statement where we set annual goals, where the people
that are part of the organization understand their role they
play to accomplish those goals. And again here we are.
We don't appropriate these accounts, not in you know, any
kind of.
Speaker 6 (25:35):
Rational way.
Speaker 12 (25:36):
It's you know, these two thousand plus page on we
of spending bills that nobody has a chance to read.
Somebody writes them somewhere, they slip all kinds of crap
in there, and that's been accepted here like like, that's
how the government operates. It's a seven trillion, seven trillion
dollars a year entity, seven trillion dollars, seven thousand billion dollars,
(25:57):
and and we don't have our act together where we
actually appropriate. And again, all we're trying to appropriate is
about a quarter of it. Seventy five per cent of
is an automatic pilot, and they set it up that
way so they don't don't have to appropriate it. So
the government just continues to grow. And as government grows,
our freedom's received. So now I'm not a fan of
this place at.
Speaker 1 (26:16):
All, Senator Okay, I mean you brought it up. We
might as well get into this horrible subject. A spending
bill is coming of some kind. What is coming? Is
it multiple bills? Is it an omnibus bill? Is it?
What is coming? And how bad is it going to be?
Speaker 12 (26:33):
Probably the best case scenario just be a continuing resolution. Again,
it's an awful way to run government. But if you
have to do a deal with Democrats, they're going to
demand more spending and we can't afford it. Jessey, I
know you know that. Since January first this year, I've
been arguing that we must return to a pre pandemic
level of spending. We're not even close. I laid out
(26:56):
options somewhe between five point five and six point five
trillion dollars.
Speaker 6 (27:00):
We're still spending well over seven trillion.
Speaker 1 (27:02):
You know.
Speaker 12 (27:02):
The one big beautiful bill knocked that down a little bit,
but not by much, not not anywhere near enough. And
so probably the best situation is just continued spending at
this year's level, don't increase it. Do that for a
year after year after year. It's probably the best case
scenario until literally we have the public demanding fiscal conservatism. Now,
(27:26):
President Trump, you remember, in his address to Congress, said
he wanted to do something in the near term that
hasn't been done in twenty four years, balance the federal budget. Well, listen,
no president in my lifetime has honored his promises more
than President Trump has. I want to hold him to
his word. Now, I'll do everything I can to help
him with that line by line review, program by program
(27:48):
review of the federal budget.
Speaker 6 (27:49):
You know, nothing should be out the table, but that's
what it's gonna take.
Speaker 12 (27:53):
It's gonna take like forensic accounting, an analysis and information
and the public has to be behind us, because that's
a big problem Jesse when you don't have the public
demanding it. But what public wants is they want their benefits, right,
they want their benefits. You can cut somebody else benefit,
but don't don't cut my benefit. And by the way,
tax somebody else for my benefit as well. So that's
(28:15):
that's the game. The American public is basically paying or
playing tax somebody else to provide me my benefit. No,
by the way, increase my benefit. That's that's the state
of play in America.
Speaker 1 (28:26):
Day.
Speaker 12 (28:27):
Yeah, yeah, driving driving, driving to the airport today, I
was listened to Wisconsin Talk Radio. Three and a half
million riders of the Milwaukee transit system don't pay the
bus fair. That's like eight million bus fairs going unpaid annually.
Speaker 6 (28:46):
That is the level of lock.
Speaker 12 (28:48):
Of respect for law, the lawlessness that.
Speaker 6 (28:51):
That we're we're living in today here in America. It's
not a pretty.
Speaker 1 (28:54):
Sight speaking of lawlessness. Look, I'll you don't want to
single her out, even though I can't stand her. Ilhan
Omar's big story out there today that she makes one
hundred and seventy four thousand dollars a year. Her net
worth is thirty million dollars. We hear about the stock
trading all the time, where members of Congress somehow beat
Warren Buffett every single year in the stock market. It's
(29:17):
such naked corruption that seems like it should be such
an easy thing to solve. What is happening back there?
Speaker 12 (29:24):
Well, again, I don't know the specifics of her situation,
but it sounds like she was funneling campaign contributions to
her now husband when he was not her husband. And
they build up a little nestig there. And again I
don't know how else they they've built their wealth, but yeah,
I mean something like her it goes from nothing to
six to thirty million dollars in wealth. Again, that's it's
(29:46):
a weird account. It's a weird fancier disclosure. They have
these ranges from one to five million, five to twenty
five million, so you can really overexaggerate what member of
Congress is worth. But apparently her minimum is six million dollars,
and I think that ought to be investigator. Remember when
this came before Homeland Security and we had Amendment Rix
got at a great amendment. Well, why don't we investigate
(30:08):
how Nancy Pelosi got all our wealth? To do the
same thing with elon Omar or anybody else who just
has this outsized wealth that they didn't come into Congress with,
but all of a sudden, after serving a few years,
all of a sudden, they're worth millions that ought to
be investigated and, if necessary, prosecuted.
Speaker 6 (30:24):
We have laws on the books to prevent this kind
of fraud.
Speaker 1 (30:30):
Senator, back to what we were talking about before, you
mentioned three quarters of the spending is automatic. Is there
any way to undo that or is all of it
these third rail of politics stuff where the second you
bring it up, someone's going to say, you're trying to
take away Grandma's Social Security and you lose your next election.
Can we do anything about this spence?
Speaker 12 (30:52):
The thing I continue to point out is if you
leave social Security and Medicare off the table, even Medicaid,
we've got a trillion dollars of other mandatory spending.
Speaker 6 (31:01):
It should be discrationinary spending.
Speaker 12 (31:03):
But again, what Congress has done, because they want to
keep spending more money, is they just deediously transfer what
should be discrationinary spending appropriated to other mandatory so it
just becomes mandatory. And again it's out of sight, out
of control, so that fast game they've been playing.
Speaker 6 (31:21):
But that's why I keep pointing.
Speaker 12 (31:23):
Out there's close to four hundred billion dollars that we're
spending this year that if you take twenty nineteen expenditures
plus them up by inflation population, we're spending four hundred
billion dollars more than that inflated figure from twenty nineteen,
and that excludes socis, Kitty and Medicare.
Speaker 1 (31:44):
Senator, thank you so much. I appreciate you. It always
kind of bums me out when we talk about spending
because it kind of seems I hate to even use
this word hopeless, doesn't it. It's the same conversation every time.
Well we can, we won't. No, no one's gonna cut
(32:06):
anything continuing resolution until we're all bankrupt. Let's doctor Carol
Roth next.
Speaker 6 (32:22):
Remain to declare national housingsency. Oh wow, is there a
timeline for that?
Speaker 1 (32:31):
See, that's exactly why I don't do radio remotes. You
know where you go broadcast from the local auto dealership
or something like that. Do you here, I'll terrible that
that audio is go to a studio so I don't
have to hear everybody in the background. Anyway, What what's
going on with the housing emergency. This stuff joining me now.
Carol Roth two times New York Times best selling author,
(32:51):
former investment banker Carol Okay, First of all, do we
have a housing emergency? What is it? If we do well? Well?
Speaker 13 (33:00):
It depends on your definition of emergency, Jesse. And obviously
we've had a lot of national emergencies that have been
declared which aren't emergencies. So in our non emergency emergencies,
I would say housing probably ranks near the top, because
there is at least an affordability crisis, and we certainly
(33:21):
could use some more housing. So I think it's a
good thing to focus on in terms of what it
is that the government can do at the federal level
to make housing more affordable, you know, that's sort of
a big question. I mean, some of the things are tangential.
They could make colleges more affordable by getting the government
(33:44):
out of college funding, which would then not burden young
people with debt and give them more money to be
able to compete in the market. They could try to
do things to clear out some of the red tape
and any of the regulatory co at the national level.
They could make more mortgages assumable. Right now, about eighty
(34:07):
percent of mortgages are not assumable, and that would make
it certainly, you know, more less expensive, as I should say,
to get into the market and create more movement in
terms of the supply side for people who you know,
are worried about being stuck and not being able to
get a better mortgage if they move properties. But you know,
(34:29):
some of the issues really are at the federal and
local level. I mean, property taxes and insurance tend to
outweigh the cost of mortgages and many locales, and so
even if you can afford getting into the house, you
may not be able to afford the carrying cost. So
certainly a lot of work to be done here, whether
you want to call it an emergency or just a
(34:52):
very important thing to focus.
Speaker 1 (34:53):
On, all right, Carol, So walk me through this. These
presidents all declare things to be emergencies so they can
assume powers they wouldn't otherwise. Have not a big fan
but we'll set that aside for the moment. What does
declaring a housing emergency give them the authority to do
that they don't already have the authority to do.
Speaker 13 (35:16):
I think that's an excellent question. You know, I'm not
a lawyer, and I don't play one on TV. This administration,
as with other administrations, don't seem to be burdened by
what it is that they can or cannot do legally.
So I think that, you know, they're going to try
their hand in any of those things that I talked about,
and probably some of those they have the constitutional authority
(35:40):
to do, and some of them, you know, somebody may
push back on. But I do think that, you know,
working with Congress to try to create a scenario where
we have more housing, where it's more affordable, without the
government getting you know, entrenched in building housing or something
ridiculous like that. But things that remove the barriers certainly
(36:05):
make sense here. And you know, I'm sure some of
the ideas will be really great and others will probably
be pulling our hair out.
Speaker 1 (36:14):
Okay, please God, don't let the government start building houses,
Carol A. A lot has been made about people, especially
young people, not being able to afford a house now
the way we used to be able to when we
were younger, and I understand all that. How much do
these large corporations like Blackrock buying up residential homes in
(36:35):
mass How much does that come into play and is
there something we can or should do about that?
Speaker 13 (36:41):
So you know, in my book, you will own nothing.
This is something that I floated. We did not have
institutional ownership in the housing market. You're twelve or thirteen
years ago, and now it has become a very big
part of new housing purchases, something between twenty or twenty
five of new housing purchases. It doesn't mean that these
(37:03):
institutions own twenty to twenty five percent of the full
market because obviously, you know, you get you don't have
turnover of every house every year, and of that twenty
and twenty five percent, some of them may be corporate
entities that are smaller mom and pops. One thing I
do want to set the record straight on which I
think is really important as we talk about this, because
(37:25):
we don't want to have corporations you're coming in and renting.
You back the American dream. And I think that it
doesn't fall as much on the government as it falls
on individuals to not sell your house to big corporation.
But we have to learn the difference between black Rock
and Blackstone. So Blackstone is a private equity firm that
(37:47):
makes direct investments in companies those that is the firm
that goes in and buys up housing. Okay, black Rock
is an asset manager. They have lots of assets under
management because you go and you buy one of their
investing one of their ETFs, and then that's counted under
you know, their assets under management. But they may have,
(38:09):
through your investment and their ETF structure, some indirect ownership
in some of these companies that go out and purchase
houses and rent them back to people, but they are
not doing the direct buying. And I think a lot
of people get confused between the two because they sound
the same. They used to be related at one point
in time. But Blackstone is the one that's buying up
(38:30):
the houses, and Blackrock has all of your assets under management.
So we'll continue to hammer this home, and if nothing else,
you learn that today.
Speaker 1 (38:40):
Blackstone also makes those wonderful flat top grills. I'm sure
it's a totally separate company that I'm making up right now,
but I have one of these Blackstones, and it's the
best thing to make breakfast on Carol. You can you
can put eggs and bacon and pancakes all of one thing.
Speaker 6 (38:56):
Yeah, that's good stuff.
Speaker 13 (38:58):
Yeah, Yeah, good up. Yeah, that's that's let's not let's
not solely their name. That is the good Blackstone.
Speaker 6 (39:06):
They are not going out in their house.
Speaker 13 (39:08):
They are making your home more delicious, which is different
than the private equity fun Blackstone. So just just so
that we don't get.
Speaker 1 (39:14):
So true, yeah, so true. It even makes it easy
to toast the burger buttons because you put it anyway,
Let's stay focused. Scott Pissen said there may be a
rape cut here.
Speaker 14 (39:23):
He was I believe that we're getting the signals from
Chair Powell from Market Pricing that we are going to
get a rake cut in September. I think we've seen
from Governor Waller he believes that could be a series
of rape cuts. We've seen that from Governor Bowman. That
(39:43):
looks like they are adopting a more and more dubbish
tone here. So it looks like we could start moving
We are in a highly restrictive monetary posture right now.
It looks like we could start moving away from that.
Speaker 1 (40:01):
Okay, so I'm assuming that means they think inflation's under control.
Speaker 13 (40:06):
Well, first of all, I think that sitting at that diner,
he was wishing that he had breakfast on a blackstone,
but he didn't, and so now we have to talk
about Ray cuts instead. So you know, inflation is not
under control. You know, based on the most recent data,
if we accept that data as correct, which we all
know is under counting inflation, it's still fifty percent higher
(40:30):
than their target of two percent, and two percent is
still eating up your money every year. So I don't
know that they feel like that it's that inflation is
under control. I think that the reality of the situation
is that FED policy is probably not going to influence
inflation at these late levels. Inflation will be influenced by
(40:51):
a whole host of other things, including the crazy deficits
that we continue to run in our national debt, but
not necessarily by a twenty five point policy cut. The
crazy thing, Jesse, is that you're hearing, oh, we're going
to get cuts.
Speaker 6 (41:06):
You heard it.
Speaker 13 (41:07):
From Powell basically, and Jackson Hole said that's what he
was thinking was going to happen. You're hearing it from Bessett,
you're hearing it from some of these FED governors. But
if you look at what the market is doing as
we're having this conversation, the rates that yields on the
long term treasuries the ten year, in the thirty year,
what are they doing in response to a potential rate cut.
(41:29):
They are going in the opposite direction. So that does
mean that the market believes that they're going to be
inflationary pressures and other things coming down the pike. Otherwise
you would see it moving in lockstep with what the
expected outcome is going to have. So while the Fed
can influence short term rates, those longer term rates which
(41:51):
impact longer term financing for the US government, that is
set by the market, and the Mark is saying, yeah,
we don't believe so. And by the way, Gold saying
the same thing too. On the tear again today.
Speaker 1 (42:05):
All right, Carol, before I let you go real quick,
are tariffs helping pay down the national debt? I keep
seeing this claim.
Speaker 13 (42:12):
Well, insomuch as that a tariff is a tax, and
that they have collected more in taxes from US taxpayers,
from corporations, you know, they can put that money towards
reducing the deficit. It's certainly not paying down the debt
because we still are running a massive, you know, close
(42:33):
to two trillion dollar deficits. So until that deficit goes
to zero, we're still racking up additional dollars of debt.
That's the only way that we finance our deficits. So
the challenge comes that because this money is primarily coming
out of consumers and businesses pockets, that eventually that's less
money for the consumers to be able to spend on
(42:55):
other things in the economy. Same thing with corporation. It
creates an impact on the taxes that they're going to
pay elsewhere. So the question is, you know, do we
get any sort of a bump or over you know,
when we look at this over a period a year
or a year and a half, you know, does it
actually create a drag on the amount of revenue that
they're otherwise able to collect and net will either come
(43:19):
out in the same position or a worse position, because
it's just taxes moving from one pocket to another pocket,
not really creating a new source of growth which is
driving you know, incremental revenue so to speak.
Speaker 1 (43:36):
Thank you, Carol, come back. We have light in the mood. Next.
All right, it's time to lighten the mood, and we
have a couple of congressional retirements that lighten my mood.
(43:57):
Jerry Nadler has been a piece of crap for a
very long time in the House of Representatives. But he's
been more than a piece of crap. He's a piece
of crap who announced his retirement, but he's more than
that too. He's a piece of crap who announces his
retirement while also carrying crap around in his pants.
Speaker 2 (44:14):
This subject not part of this package of preserving our democracy. Glad,
I'm pleased to you.
Speaker 1 (44:25):
We may or may not have had it. The sound
effects still one of the funniest things I've ever seen
in my life that couldn't possibly happen to a nicer guy. Also,
Jony Ernst, Republican Senator completely useless of Iowa, announced she
also won't be seeking re election. She has done the
best she can to rebrand herself as some America First warrior.
But let us not forget that Joni Ernst was by
(44:48):
far the loudest voice in the United States Senate trying
to torpedo Donald Trump's Secretary of Defense nominee Pete Hegseeth
before he even got rolling. I know she's done everything
possible to bend over backwards, to lie about that fact
now and to act as if she's on our side.
But one more useless senator gone. Let's hope Iowa gets
(45:09):
its stuff together and gives us a decent one. The
next time my mood is lightened, I'll see them all
Host
Jesse Kelly
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